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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|
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|Learners'
achievements:|Sep|20 - Mar 21|Sep|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|||||
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|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|
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|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|||
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|(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|
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||||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|
##
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##
|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|
##
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##
|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||
##
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##
|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|
##
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##
|||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|
##
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##
||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|
##
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##
##
##
||||||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|