## ||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|IN NET FUNDS|||| |---|---|---|---|---|---| ||||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|