2021-03-31-accounts - Elite Supported Employment Agency Limited

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	Page	Page
Report ofthe Trustees	1	to	8
Report ofthe Independent Auditors	9	to	12
Statement ofFinancial Activities		13
Balance Sheet		14
Cash Flow Statement		15
Notes to the Cash Flow Statement		16
Notes to the Financial Statements	17	to	27
Detailed Statement ofFinancial Activities	28	to	29

		E.L.I.T.ESupported	Employment	Agency
		Limited
		Report of	the Trustees
		for the Year Ended 31 March		2021
Trustees
Mr G Wood
Mr RJones
Mr A Hole
Miss BThomas (resigned		12.4.21)
Mrs V Bowkett
Mrs G Owens
Mrs EAustin
Mrs RBaker (appointed		10.3.21)
Mrs M Whelan (appointed		10.3.21)
Company Secretary
Mrs A P Wayman
Senior Statutory	Auditor
MrSP Horrigan
Auditors
DHB Accountants	Limited
Chartered Accountants
Statutory Auditors
110Whitchurch	Road
Cardiff
CF143LY
Bankers
Barclays Bank Pic
3 Ely Valley Road
Talbot Green
RCT
CF72 8AL

			for	the Year E	nded 31 March	2021
							2021		2020
					Unrestricted	Restricted	Total		Total
					funds	funds	funds		funds
				Notes	F		E
INCOME AND ENDOWMENTS			FROM
Charitable activities
Employer Support 8	Training	Grants				46,754	46,754		108,159
Work Preparation					58,238	905,816	964,054		605,411
Job Matching					8,320	141,529	149,849		380,562
In Work Support					16,639	367,940	384,579		728,543
Third Sector Resilience Fund						31,423	31,423
Other trading activities					643,428		643,428		771,108
Investment income					14,274		14,274		14,651
Other income					3,300		'3,300
Total					744,199	1,493,462	2,237,661		2,608,434
EXPENDITURE ON
Charitable activities
Employer Support 8	Training	Grants				46,755	46,755		122,591
Work Preparation Governance					23,086	879,466	902,552		767,429
Job Matching					2,876	132,304	135,180		344,396
In Work Support Depreciation					2,924 9,964	328,444	331,368 9,964		607,142 56,618
					8,249	1,401	9,650		9;020
ELITE Paper Solutions ELITE Clothing Solutions					400,864 142,558	10,890 149,635	411,754 292,193		405,867 156,146
ELITE Training Solutions Third Sector Resilience Fund					42,012	20,815	42,012 20,815		44,757
Total					632,533	1,569,710	2,202,243	.	2,513,966
NET INCOME/(EXPENDITURE)					111,666	(76,248)	35,418		94,468
RECONCILIATION	OF FUNDS
Total funds brought forward					144,334	440,337	584,671		490,203
TOTAL FUNDS CARRIED FORWARD					256,000	364,089	620,089		584,671

	Balance Sheet
	31 March 2021
		2021	2020
	Notes	E	E
FIXEDASSETS
Tangible assets	12	198,007	240,982
CURRENT ASSETS
Debtors		294,320	339,412
Cash at bank and in hand		404,905	367,175
		699,225	706,587
CREDITORS
Amounts falling due within one year	14	(277,143)	(362,898)
NET CURRENT ASSETS		422,082	343,689
TOTAL ASSETS LESSCURRENT
LIABILITIES		620,089	584,671
NET ASSETS		620,089	584,671
FUNDS	16
Unrestricted funds:
General fund Restricted funds		256,000 364,089	144,334 440,337
TOTAL FUNDS		620,089	584,671

					2021	2020
				Notes	F
Cash flows from	operating		activities
Cash generated from operations					53,797	(256,377)
Net cash provided	by/(used		in) operating	activities	53,797	(256,377)
Cash flows from	investing		activities
Purchase oftangible fixed assets					(26,320)	(118,250)
Sale oftangible fixed assets					10,000	10,000
Interest received					253	618
Net cash used in	investing	activities			(16,067)	(107,632)
Cash flows from	financing		activities
Loan repayments	in year					(4,999)
Net cash provided	by/(used		in) financing	activities		(4,999)
Change in cash	and cash		equivalents
in the reporting	period				37,730	(369,008)
Cash and cash equivalents			at the
beginning ofthe	reporting		period		367,175	736,183
Cash and cash equivalents			at the end
ofthe reporting	period				404,905	367,175

RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
			2021	2020
			E	E
Net income for the	reporting	period (as per the Statement of
Financial Activities)			35,418	94,468
Adjustments for:
Depreciation charges			62,595	66,618
Profit on disposal of	fixed assets		(3,300)	(10,000)
Interest received			(253)	(618)
Decrease/(increase)	in debtors		45,092	(17,466)
Decrease in creditors			(85,755)	(389,379)
Net cash provided	by/(used	in) operations	53,797	(256,377)

ANALYSIS OF CHANGES	ANALYSIS OF CHANGES
		At 1/4/20	Cash flow	At 31/3/21
			F
Net cash
Cash at bank and	in hand	367,175	37,730	404,905
		367,175	37,730	404,905
Total		367,175	37,730	404,905

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		E		E
Elite Paper Solutions		472,361		472,361	307,129
ELITE Clothing	Solutions	121,101		121,101	406,151
ELITE Training	Solutions	49,966		49,966	57,828
		643,428		643,428	771,108
INVESTMENT	INCOME
				2021	2020
		Unrestricted	Restricted	Total	Total
		.funds	funds	funds	funds
		E	E	F
Rents received		14,021		14,021	14,033
Deposit account interest		253		253	618
		14,274		14,274	14,651

							2021	2020
				Activity				F
Grants SESIncome Grants				Employer Support 8 Training Employer Support 8 Training Work Preparation		Grants Grants	46,754 ' 905,816	106,508 1,651 504,363
SESIncome				Work Preparation			17,445	39,484
Employability	Skills			Work Preparation				19,497
Miscellaneous		Income		Work Preparation				500
Access to Work Income				Work Preparation			40,793	41,567
Grants				Job Matching			141,529	313,828
SESIncome				Job Matching			2,492	29,613
Employability	Skills			Job Matching				5,571
Miscellaneous		Income		Job Matching				375
Access to Work Income				Job Matching			5,828	31,175
Grants				In Work Support			367,940	664,595
SESIncome				In Work Support			4,984	29,613
Employability	Skills			In Work Support				2,785
Miscellaneous		Income		In Work Support				375
Access to Work Income				In Work Support			11,655	31,175
Grants				Third Sector Resilience	Fund		31,423
							1,576,659	1,822,675
Grants received, included				in the above, are as follows:
							2021	2020
Local Authority		Grants					133,670	175,138
Volunteering	In	Wales						19,995
Special Employability			Support					120,941
Engage 2 Change							996,343	1,000,676
JobSense							179,995	269,990
Active Inclusion							40,000	2,554
Third Sector	Resilience Fund						31,423
VSEF							35,896
							1,417,327	1,589,294

					Grant
					funding	of
					activities		Support
				Direct	(see note		costs (see
				Costs	6)		note 7)	Totals
					F
Employer Support 8 Training			Grants		46,755			46,755
Work Preparation				902,534			18	902,552
Job Matching				135,177			3	135,180
In Work Support				331,365			3	331,368
Depreciation							9,964	9,964
Governance							9,650	9,650
ELITE Paper Solutions				387,114			24,640	411,754
ELITE Clothing	Solutions			260,566			31,627	292,193
ELITE Training	Solutions			41,934			78	42,012
Third Sector Resilience		Fund		20,806			9	20,815
				2,079,496	46,755		75,992	2,202,243

2021	2020
46,755	122,591

					Governance
			Finance	Depreciation	costs	Totals
					E
Work Preparation			18			18
Job Matching			3			3
In Work Support			3			3
Depreciation Governance ELITE Paper Solutions			3,556	9,964 21,084	9,650	9,964 9,650 24,640
ELITE Clothing	Solutions		80	31,547		31,627
ELITE Training	Solutions		78			78
Third Sector Resilience		Fund	9			9
			3,747	62,595	9,650	75,992

		2021	2020
Auditors' remuneration		6,500	6,000
Depreciation	-owned assets	62,595	66,619
Hire of plant	and machinery	31,905	33,182
Surplus on	disposal offixed assets	(3,300)	(10,000)

STAFF COSTS
			2021	2020
			P	F
Wages and salaries Social security costs Other pension costs			1,551,088 106,138 59,520	1,662,829 116,720 59,310
			1,716,746	1,838,859
The average monthly	number ofemployees	during the year was as follows:
			2021	2020
Training Staff Administrative Staff			46	.50 11
Management Staff Cleaning Staff Finance			5 3 2	5 3 2
Van Driver &Assistants			12	11
Recycling Operatives Scanning staff			18 3	18 2
Sales & Marketing Machinists &Manufacturing			1 7	1 3
			106	106

Not	es to the Financial Statements -continued for the Year Ended 31 March 2021	es to the Financial Statements -continued for the Year Ended 31 March 2021	es to the Financial Statements -continued for the Year Ended 31 March 2021
COMPARATIVES FOR THE	STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
INCOME AND ENDOWMENTS		FROM
Charitable activities
Employer Support 8 Training	Grants		1,651	106,508	108,159
Work Preparation Job Matching			101,048 66,734	504,363 313,828	605,411 380,562
In Work Support			63,948	664,595	728,543
Other trading activities Investment income			366,108 14,651	405,000	771,108 14,651
Total			614,140	1,994,294	2,608,434
EXPENDITURE ON
Charitable activities
Employer Support LTraining Work Preparation Job Matching In Work Support Depreciation Governance ELITE Paper Solutions ELITE Clothing Solutions ELITE Training Solutions	Grants		1,650 102,268 37,764 48,800 14,393 7,510 405,867 44,757	120,941 665,161 306,632 558,342 42,225 1,510 156,146	122,591 767,429 .344,396 607,142 56,618 9,020 405,867 156,146 44,757
Total			663,009	1,850,957	2,513,966
NET INCOME/(EXPENDITURE)			(48,869)	143,337	94,468
Transfers between funds			(82,193)	82,193
Net movement in funds			(131,062)	225,530	94,468
RECONCILIATION OF FUNDS
Total funds brought forward			275,396	214,807	490,203
TOTAL FUNDS CARRIED FORWARD			144,334	440,337	584,671

		Improvements
	Freehold	to	Plant and
	property	property	machinery
	F		F
COST
At 1 April 2020	235,891	67,560	125,444
Additions			23,596
Disposals			(10,000)
At 31 March 2021	235,891	67,560	139,040
DEPRECIATION
At 1 April 2020 Charge for year	89,103 4,716'	38,756 14,157	74,438 35,398
Eliminated on disposal			(3,300)
At 31 March 2021	93,819	52,913	106,536
NET BOOK VALUE
At 31 March 2021	142,072	14,647	32,504
At 31 March 2020	146,788	28,804	51,006
	Fixtures
	and	Computer
	fittings	equipment	Totals
		E
COST
At 1 April 2020	68,641	34,867	532,403
Additions	944	1,780	26,320
Disposals		(15,740)	(25,740)
At 31 March 2021	69,585	20,907	532,983
DEPRECIATION
At 1 April 2020 Charge for year Eliminated on disposal	58,993 2,567	30,131 5,757 (15,740)	291,421 62,595 (19,040)
At 31 March 2021	61,560	20,148	334,976
NET BOOK VALUE
At 31 March 2021	8,025	759	198,007
At 31 March 2020	9,648	4,736	240,982

			2021	2020
				E
Trade debtors			274,570	299,912
VAT				24,235
Prepayments			19,750	15,265
			294,320	339,412
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
			2021	2020
			F	E
Trade creditors Credit Cards			3,000 306	19,666 299
Social security and other		taxes	23,860	29,717
VAT			417
Pension contributions Accrued expenses Deferred government	unpaid grants		10,162 89,759 149,639	11,614 81,648 219,954
			277,143	362,898

ANALY	SIS OF NET ASSETS B	ETWEEN FUNDS
				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
			E		F
Fixed assets		162,151	35,856	198,007	240,982
Current Current	assets liabilities	207,527 (113,678)	491,698 (163,465)	699,225 (277,143)	706,587 (362,898)
		256,000	364,089	620,089	584,671

MOVEMENT IN FUNDS
		Net
		movement	At
	At 1/4/20	in funds f	31/3/21 E
Unrestricted funds
General fund	144,334	111,666	256,000
Restricted funds
Local Authority ELITE Clothing Solutions ELITE Paper Solutions Equality Mentoring Engage 2 Change	16,536 217,519 11,220 2,862 192,200	33,688 (149,635) (10,890) (2,862) 53,451	50,224 67,884 330 245,651
	440,337	(76,248)	364,089
TOTAL FUNDS	584,671	35,418	620,089

	Net movement in funds, include	d in the above	are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
	Unrestricted funds
	General fund			744,199	(632,533)	111,666
	Restricted funds
	Local Authority			133,670	(99,982)	33,688
	ELITE Clothing Solutions				(149,635)	(149,635)
	ELITE Paper Solutions				(10,890)	(10,890)
	Equality Mentoring				(2,862)	(2,862)
	Engage 2 Change JobSense			996,343 296,130	(942,892) (296,130)	53,451
	Third Sector Resilience Fund			31,423	(31,423)
	VSEF			35,896	(35,896)
				1,493,462	(1,569,710)	(76,248)
	TOTAL FUNDS			2,237,661	(2,202,243)	35,418
	Comparatives for movement	in funds
				Net	Transfers
				movement	between	At
			At 1/4/19	in funds	funds	31/3/20
					F
	Unrestricted funds
	General fund		275,396	(48,869)	(82,193)	144,334
	Restricted funds
'	Local Authority ELITE Clothing Solutions ELITE Paper Solutions Equality Mentoring Engage 2 Change JobSense		22,110 187,127 5,570	16,536 217,519 (10,890) 2,862 5,073 (65,239)	59,669 .	16,536 217,519 11,220 2,862 192,200
	Active Inclusion			(22,524)	22,524
			214,807	143,337	82,193	440,337
	TOTAL FUNDS		490,203	94,468		584,671

Comparative net movement in funds, include	d in the above are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	614,140	(663,009)	(48,869)
Restricted funds
Local Authority ELITE Clothing Solutions ELITE Paper Solutions	175,138 405,000	(158,602) (187,481) (10,890)	16,536 217,519 (10,890)
Equality Mentoring Engage 2 Change JobSense Active Inclusion	19,995 1,193,782 197,825 2,554	(17,133) (1,188,709) (263,064) (25,078)	2,862 5,073 (65,239) (22,524)
	1,994,294	(1,850,957)	143,337
TOTAL FUNDS	2,608,434	(2,513,966)	94,468

		Net	Transfers
		movement	between	At
	At 1/4/19	in funds	funds	31/3/21
Unrestricted funds
General fund	275,396	62,797	(82,193)	256,000
Restricted funds
Local Authority ELITE Clothing Solutions ELITE Paper Solutions Engage 2 Change JobSense Active Inclusion	22,110 187,127 5,570	50,224 67,884 (21,780) 58,524 (65,239) (22,524)	59,669 22,524	50,224 67,884 330 245,651
	214,807	67,089	82,193	364,089
TOTAL FUNDS	490,203	129,886		620,089

	for th	e Year Ended 31 March	2021
				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
INCOME AND ENDOWMENTS
Other trading activities
Elite Paper Solutions ELITE Clothing Solutions ELITE Training Solutions		472,361 121,101 49,966		472,361 121,101 49,966	307,129 406,151 57,828
		643,428		643,428	771,108
Investment income
Rents received Deposit account interest		14,021 253		14,021 253	14,033 618
		14,274		14,274	14,651
Charitable activities
Grants SESIncome		24,921	1,493,462	1,493,462 24,921	1,589,294 100,361
Employability Skills Miscellaneous Income Access to Work Income		58,276		58,276	27,853 1,250 103,917
		83,197	1,493,462	1,576,659	1,822,675
Other income
Gain on sale oftangible	fixed assets	3,300		3,300
Total incoming resources		744,199	1,493,462	2,237,661	2,608,434
EXPENDITURE
Charitable activities
Wages and Salaries Social security Pensions Hire ofequipment Establishment costs Repairs &Maintenance Office Expenses Legal 8 Professional fees Printing, Postage' &Stationery Advertising and Promotion Subscriptions &Donations Carried forward		398,988 10,679 9,627 21,949 56,022 8,443 2,407 1,9?2 3,029 1,233 3,259 517,608	1,149,355 95,218 49,729 9,956 92,721 20,063 12,632 15,769 7,715 805 3,411 1,457,374	1,548,343 105,897 59,356 31,905 148,743 28,506 15,039 17,741 10,744 2,038 6,670 1,974,982	1,660,199 116,488 59,152 33,182 138,302 27,196 15,044 18,555 16,947 11,136 3,772 2,099,973

		for the	Year Ended 31 March	2021
					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
Charitable activities
Brought forward .Other Direct Costs			517,608 46,684	1,457,374 41,532	1,974,982 88,216	2,099,973 208,210
Accountancy fees			4,573	11,725	16,298	14,041
Training Grants				46,755	46,755	122,591
			568,865	1,557,386	2,126,251	2,444,815
Support costs
Finance
Bank charges			3,714	33	3,747	3,513
Depreciation Depreciation	oftangible fixed assets		51,705	10,890	62,595	66,618
Loss on sale	oftangible fixed assets					(10,000)
			51,705	10,890	62,595	56,618
Governance		costs
Wages Social security Pensions			1,524 134 91	1,221 107 73	2,745 241 164	2,630 232 158
Auditors' remuneration			6,500		6,500	6,000
			8,249	1,401	9,650	9,020
Total resources		expended	632,533	1,569,710	2,202,243	2,513,966
Net income			111,666	(76,248)	35,418	94,468