2021-03-31-accounts - Asdan

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Strategic Report			1 to 9
Trustees' Report			10to 15
Reference and Administrative		Details	16to 17
Independent Auditors'	Report		18to 20
Statement of Financial	Activities		21
Balance Sheet			22
Statement ofCash Flows			23
Notes to the Financial	Statements		24 to 43

Learners' achievements:	20 - Mar 21	19 - Mar 20
International
Learners achieving ASDAN	8,938	6,600
accredited ro rammes
Learners achieving ASDAN regulated	10
ualifications at Ent Level 1-3
Learners achieving ASDAN regulated
ualifications at Level 1
Learners achieving ASDAN regulated	41
ualifications at Level 2
Learners achieving ASDAN regulated	107	53
ualifications at Level 3

Sales ofcourses	and resources	Se 20- Mar 21	Se 19- Mar 20
Sales ofaccredited	programme books	6,713	7,210
Sales ofshort course books		16,335	18,069
Online sales
Short Course learner registrations		1,699	640
Lifeskills Challenge	learner registrations	1,518	859

Reference	and Administrative	and Administrative	and Administrative	Details
Trustees				R P Boxer	(Chair ofTrustees)
				P A Scholey		(Vice-Chair)
				BS Doidge		(Vice-Chair)
				J M Craig
				L Peck
				P Jacobs
				C W K Smith
				J P Hancock
				J E Price
				S D Fahey
				N Iqbal
				M Curran
				P A Trapp
				V Fitzgerald
Senior Management		Team		J Williams,	Chief Executive Officer
				G Palmer,	Director of Finance and Resources
				M Veale, Director of Education
				J Foyle, Director of Marketing
Principal Office				Wainbrook		House
Registered	Office			Hudds Vale		Road
				St George,	Bristol
				BS57HY
				Website: www. asdan. or .uk
Company	Registration		Number	03426251
Charity Registration		Number		1066927
Solicitors				Harper James Solicitors
				Velocity Tower, 1 St Mary's Square
				Sheffield
				S1 4LP
Bankers				HSBC Bank
				4th Floor, 3		Temple Quay
				Bristol
				BS16DZ
				TI'Iodos
				Deanery Road,
				Bristol
				BS15AS

(Including Income	and Ex	pe	nditure	Account)
						7 months	12months
					Designated	ended 31	ended 31
				Unrestricted	funds	March 2021	August 2020
			Note	F	E	f.	E
Income and Endowments		from:
Charitable activities			3	1,731,856		1,731,856	2,592,274
Investment income			4	36,629		36,629	65,583
Other income				7,300		7,300	6,141
Total income				1,775,785		1,775,785	2,663,998
Expenditure on:
Charitable activities			5	(1,599,820)	(86,142)	(1,685,962)	(3,076,923)
Total expenditure				(1,599,820)	(86,142)	(1,685,962)	(3,076,923)
Gains on investment	assets			133,867		133,867	16,652
Net income/(expenditure)				309,832	86,142	223,690	396,273
Net movement in funds				309,832	(86,142)	223,690	(396,273)
Reconciliation offunds
Total funds brought	forward			3,592,908	200,292	3,793,200	4,189,473
Total funds carried	forward		17	3,902,740	114,150	4,016,890	3,793,200

						31 March	31August
						2021	2020
						F	f.
					Note
Fixed assets
Tangible assets					10	709,126	705,826
Investments					11	2,648,409	2,526,120
						3,357,535	3,231,946
Current assets
Stocks						21,234	26,583
Debtors					12	248,582	275,708
Cash at bank		and	in hand		13	1,355,853	1,047,696
						1,625,669	1,349,987
Creditors: Amounts				falling due within one year	14	(966,314)	(788,733)
Net current	assets					659,355	561,254
Net assets						4,016,890	3,793,200
Funds ofthe		charity:
Unrestricted		income		funds
General funds						3,902,740	3,592,908
Designated	funds					114,150	200,292
Total funds					17	4,016,890	3,793,200

Statement ofCash Flows	fo	r the Period fr	om 1 Septem	ber 2020 to	31 March 2021
					7 months	12months
					ended 31	ended 31
					March 2021	August 2020
				Note
Cash flows from operating		activities
Net income/(expenditure)					223,690	(396,273)
Adjustments to cash flows		from non-cash	items
Depreciation				7	21,282	36,002
Investment income				4	(36,629)	(65,583)
Revaluation of investments				11	(102,300)	(16,652)
					106,043	(442,506)
Working capital adjustments
Decrease/(increase) in stocks					5,349	(4,269)
Decrease in debtors				12	27,126	235,136
Increase in creditors				14	177,581	55,984
Net cash flows from operating		activities			316,099	155,655
Cash flows from investing	activities
Interest receivable and similar		income		4	36,629	65,583
Purchase oftangible fixed assets				10	(24,582)	(19,266)
Purchase of investments				11	(301,582)	(297,358)
Sale of investments				11	281,593	305,672
Net cash flows from investing		activities			7,942	54,631
Net increase/(decrease) in	cash and cash equivalents				308,157	(101,024)
Cash and cash equivalents	at 1 September				1,047,696	1,148,720
Cash and cash equivalents	at 31 March				1,355,853	1,047,696

			7 months	12months
			ended 31	ended 31
			March 2021	August 2020
				f.
External	projects		3,154	18,474
Customer	support		772,859	1,233,405
Accreditation			411,207	562,307
Publishing		&development	373,035	557,249
Promotional		activities	171,601	220,839
			1,731,856	2,592,274

		7 months	12months
		ended 31	ended 31
		March 2021	August 2020f
Interest	receivable and similar income	9,148	20,097
Income	from rents	27,481	45,486
		36,629	65,583

5 Expend	iture on ch	aritable activities
						7 months
						ended 31
			Unrestricted		funds	March
			Designated	f	General	2021
External	projects				11,526	11,526
Customer	support				417,465	417,465
Accreditation					393,498	393,498
Publishing	8 development				493,386	493,386
Promotional activities					283,945	283,945
Digital strategy			66,792			66,792
Research	and development		5,750			5,750
PSE qualification			13,600			13,600
			86,142		1,599,820	1,685,962
						12months
						ended 31
			Unrestricted		funds	August
			Designated		General	2020
					f.	E
External	projects				31,531	31,531
Customer	support				751,752	751,752
Accreditation					745,639	745,639
Publishing	8 development				822,235	822,235
Promotional activities					471,773	471,773
Digital strategy			161,850			161,850
Financial	assistance		1,644			1,644
Property	development	and maintenance	25,062			25,062
Research	and development		65,437			65,437
			253,993		2,822,930	3,076,923

		Unrestricted	funds	7 months	12months
				ended 31	ended 31
		General E	Designatedf	March 2021	August 2020f
Staff costs					25,241
Printing		143,121		143,121	243,277
Travel and other
costs		32		32	865
Training					71
Other direct costs		74,862		74,862	94,268
Digital strategy			66,792	66,792	161,850
Financial
assistance					1,644
Property
development	and
maintenance					25,062
Research and
development			5,750	5,750	65,437
PSE qualification			13,600	13,600
Allocated support
costs		1,381,805		1,381,805	2,459,208
		1,599,820	86,142	1,685,962	3,076,923

Support costs allo	cated t	o charitab	le activities
					7 months	12months
			Governance	Support	ended 31	ended 31
			costs	costs	March 2021	August 2020
		Basis		E
Staff costs		A		1,112,683	1,112,683	1,909,518
Depreciation		A		21,282	21,282	36,003
Travel and other costs		B				35,211
Training		B		3,263	3,263	8,674
Computer and ITcosts		B		21,728	21,728	23,534
Communications		B		19,531	19,531	34,879
Premises		B		30,103	30,103	61,160
Legal &professional		B	730	16,191	16,921	32,045
Insurance		B		13,327	13,327	20,431
Other management	and
admin		B		78,296	78,296	168,865
Post, stationery and	admin	B		54,296	54,296	80,074
Audit and accounting		A	10,375		10,375	13,311
Other costs		B				35,503
			11,105	1,370,700	1,381,805	2,459,208

Net incoming	resources for the	p	eriod inc	lude:
					7 months	12months
					ended 31	ended 31
					March 2021	August 2020f
Fees payable	to the charitable	company's		auditor - Audit	10,375	10,375
Fees payable	to the charitable	company's		auditor - Other	654	2,936
Depreciation	offixed assets				21,282	36,002
Rentals payable under operating			leases		79,749	136,712

9Staff costs The aggregate payroll costs were as follows:
	7 months	12months
	ended 31	ended 31
	March 2021	August 2020
		E
Staffcosts during the period were:
Wages and salaries	915,315	1,598,717
Social security costs	94,552	158,456
Pension costs	102,816	177,585
	1,112,683	1,934,758

during the		period expressed as full time equivalents	was as follows:
			Period ended	Year ended
			31 March	31August
			2021	2020
			No	No
Customer	and centre support		9	9
Accreditation			8	8
Publishing		and product development	9	8
Promotional		activities	7	7
Head office			18	19
			51	51

The number ofemployees whose annualised	emoluments fell within the following bands	was:
	Period ended	Year ended
	31 March	31 August
	2021	2020
	No	No
F60,001 - 270,000	1	2
270,001 - 680,000	1
F80,001 - 690,000	1	1
f100,001 - F110,000	1

10Tangible fixed assets
	Freehold
	land and	Fixtures and	Computer
	buildings	fittings	equipment	Total
	E	F	F
Cost
At 1 September 2020	862,608	132,971	407,078	1,402,657
Additions			24,582	24,582
At 31 March 2021	862,608	132,971	431,660	1,427,239
Depreciation
At 1 September 2020	188,868	119,821	388,142	696,831
Charge for the period	10,064	3,005	8,213	21,282
At 31 March 2021	198,932	122,826	396,355	718,113
Net book value
At 31 March 2021	663,676	10,145	35,305	709,126
At 31 August 2020	673,740	13,150	18,936	705,826

		31 March	31 August
		2021	2020f
Investment properties		490,000	490,000
Listed	investments	2,158,409	2,036,120
		2,648,409	2,526,120
Inve	tment properties
			Investment
			propertiesf
Cost	or Valuation
At1 P eptember 2020 and 31 March 2021			490,000
Net book value
At 31	August 2020 and 31 March 2021		490,000

Liste investments
	Total
	E
Cost or Valuation
At 1 eptember 2020	2,036,120
Revaluation	102,300
Additions	301,582
Disposals	(281,593)
At 31 March 2021	2,158,409
Net book value
At 31 March 2021	2,158,409
At 31 August 2020	2,036,120

12Debtors
				31 March	31August
				2021	2020
					f.
Trade debtors				205,052	245,695
Prepayments	and accrued income			43,530	28,810
Other debtors					1,203
				248,582	275,708
Trade debtors	are stated	after provision	for impairment	of249,292 (2020 -F20,931).
13Cash and cash equivalents
				31 March	31August
				2021	2020
				E	f
Cash on hand				502	502
Cash at bank				1,355,351	1,047,194
				1,355,853	1,047,696
14Creditors:	amounts	falling due within one year
				31 March	31 August
				2021	2020
				F
Trade creditors				93,019	161,364
Other taxation	and social	security		49,899	44,300
Other creditors				38,947	131,321
Accruals				73,242	64,620
Deferred income				711,207	387,128
				966,314	788,733

					31 March	31August
					2021	2020
Opening	deferred	income			387,128	416,518
Resources deferred			in the period		711,207	348,588
Amounts	released		from previous	periods	(387,128)	(377,978)
Deferred	income	at period end			711,207	387,128

	31 March	31 August
	2021	2020
		E
Other
Within one year	136,712	136,712
Between one and five years	54,611	122,967
	191,323	259,679

17Funds
						Balance at 1				Other
						September	Incoming	Resources		recognised	Balance at 31
						2020	resources	expended	Transfers	gains	March 2021
								E	E
Unrestricted	funds
General
General funds						3,592,908	1,775,785	(1,599,820)		133,867	3,902,740
Designated
Digital strategy		fund				96,850		(66,792)			30,058
Financial	assistance		fund			42,450					42,450
Property development			and	maintenance	fund	938					938
Research	and development			fund		60,054		(5,750)	(30,000)		24,304
PSE qualification		fund						(13,600)	30,000		16,400
						200,292		(86,142)			114,150
Total funds						3,793,200	1,775,785	(1,685,962)		133,867	4,016,890

Notes to th		e Fin	ancial	State	ments for t	he Period	from 1 September 20	20 to 31 March 2	021
							Balance at 1				Other
							September 2019f	Incoming resourcesf	Resources expended E	Transfers E	recognised gains	Balance at 31 August 2020 E
Unrestricted		funds
General
General funds							3,788,481	2663998	(2 822 930)	(53,293)	16,652	3,592,908
Designated
Digital strategy			fund				182,100		(161,850)	76,600		96,850
Financial		assistance		fund			44,094		(1,644)			42,450
Property	development			and	maintenance	fund	79,307		(25,062)	(53,307)		938
Research		and	development		fund		95,491		(65,437)	30,000		60,054
							400,992		(253,993)	53,293		200,292
Total funds							4,189,473	2,663,998	(3,076,923)		16,652	3,793,200

					Unrestricted
				General	Designated	Total funds
				E	F	F
Tangible	fixed assets			709,126		709,126
Fixed asset investments				2,648,409		2,648,409
Current	assets			1,511,519	114,150	1,625,669
Current	liabilities			(966,314)		(966,314)
Total net assets				3,902,740	114,150	4,016,890
31 August 2020
					Unrestricted
				Generalf	Designated	Total funds E
Tangible	fixed assets			705,826		705,826
Fixed asset investments				2,526,120		2,526,120
Current	assets			1,149,695	200,292	1,349,987
Current	liabilities			(788,733)		(788,733)
Total net assets				3,592,908	200,292	3,793,200
			At	1 September	Cashflow	At 31 March
19Analysis of net funds				2020		2021
					E	F
Cash at	bank and	in hand		1,047,696	308,157	1,355,853
Net funds				1,047,696	308,157	1,355,853
			At	1 September	Cashf low	At 31 August
				2019		2020
					E
Cash at	bank and	in hand		1,148,720	(101,024)	1,047,696
Net funds				1,148,720	(101,024)	1,047,696

Cate	goris	ation o	f	financial	i	ns	truments
									7 months	12months
									ended 31	ended 31
									March 2021	August 2020
									F
Carrying		amount		offinancial		assets
Debt	instruments		measured		at amortised			cost	205,052	245,695
Liste	investments			measured		at	fair value		2,158,409	2,036,120
Car	ing	amount		offinancial		liabilities
Liabi	ities	measured		at amortised			cost		181,865	336,985