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2022-03-31-accounts

Page
Reference and administrative
details
Report ofthe trustees 2 to 4
Report ofthe independent
auditors		 5 to 7
Statement offinancial activities
Balance sheet
Cash tlow statement 10
Notes to the cash flow statement
Notes to the financial statements 12 to 18
Detailed statement offinancial activities 19 to 20

2022 2021
Unrestricted Restricted Total Total
fund funds funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 4,500 4400 4,500
Charitable
activities
Direct charitable
activities		 1,182,682 1,182,682 799,103
Investment
income		 112 112 400
Total 1,182,794 4,500 1,187494 804,003
EXPENDITURE ON
Charitable
activities
Direct charitable
activities		 908i154 13)500 921)654 964,859
NET INCOME/(EXPENDITURE) 274,640 (9,000) 265,640 (160,856)
RECONCILIATION OF FUNDS
Total funds brought forward 1,0029450 91000 1,011,450 1,172,306
TOTAL FUNDS CARRIED FORWARD 1477,090 1477,090 1,011,450

20?2 2021
Unrestrrcted Restricted Total Total
fund funds fuads funds
Notes f 5 f.
FIXEDASSETS
Intangible
assets
Tmtgible assets		 12
13		 1971I
~9593		 19,711
~9593		 I
~14382
29404 14,383
CURRENT ASSETS
Debtors 14 583161 58,861 189,517
Prepayments
and accrued income
Cash at bank		 79,975
~1218,494		 79,975
~II8&494		 ~932678
1457&330 1457&330 1,122,195
CREDITORS
Amounts
falling duc within one year		 15 (109,544) (109,544) (125,128)
NET CURRENT ASSETS ~1247786 ~147786 ~997067
TOTAL ASSETSLESSCURRENT
LIABILITIES 1,277,090 1,277,090 1,011,450
NET ASSETS ~177090 - ~I&277090 ~1,011450
FUNDS 17
Unrestricted
lbnds
Restricted
funds		 I&277&090 1,002,450
~9000
TOTAL FUNDS ~1277t)90 ~1011,450

2022 2021
Notes
Cash Bows from operating activities
Cash generated
from operations		 1 307,716 (142,169)
Net cash provided
by/(used		 in) operating activities 307,716 (142,169)
Cash Bows from investing activities
Purchase ofintangible
fixed		 assets (21800)
Net cash (used in)/provided by investing activities (21,900)
Change in cash and cash equivalents in
the reporting
period
Cash and cash equivalents		 at the 285,816 (142,169)
beginning ofthe reporting period 932,678 1,074,847
Cash and cash equivalents at the end of
the reporting
period		 IQI8,494 932,678

2022 2021
8
Net income/(expenditure) for the reporting period (as per the
Statement offinancial activities) 265,640 (160,856)
Adjustments for:
Depreciation charges 6,979 7,180
Decrease/(increase) in debtors 50,681 (48,957)
(Decrease)/increase in creditors (15484) 60,464
Net cash provided by/(used in) operations 307,716 (142,169)
ANALYSIS OFCHANGES IN NET FUNDS
At 1.4.21 Cash flaw At31.3.22
Net cash
Cash at bank 932,678 285,816 1418,494
932,678 285,816 1418,494
Total 932,678 285,816 1418,494

2022 2021
Grants 4/00 4,500
Grants received, included in the above, are as follows:
2022 2021
K
Find aFuture 4,500 4,500

INVESTM ENT INCOME
2022 2021
f,
Investment income 112 400
INCOME FROM CHARITABLE ACTIVITIES
2022 2021
Activity
Licence Fees Received Direct Charitable Activities 355,653 232,508
Marking Direct Charitable Activities 787,430 525,225
Assessor training fees Direct Charitable Activities 32,860 34,620
Replacement Certificates tk monitoring Direct Charitable Activities 6,739 6,750
1,182,682 799,103

Support
Direct costs (see
Costs note 6) Totals
Direct charitable activities 916,674 4,980 921,654

Governance
Finance costs Totals
Direct charitable activities 413 4467 4,980

2022 2021
Auditors' remuneration 4467 4,533
Depreciation
-owned assets		 4,789 7,179
Computer solbvare
amortisation		 2,190

STAF F COSTS
2022 2021
Wages and salaries 69,532 87,582
Other pension costs 5)179 6,006
74,711 93,588
2022 2021
Average number ofemployees 2 3

NOTES TOTHE FINANCIAL STATEMENTS - continued
for the year ended 31March 2022		 NOTES TOTHE FINANCIAL STATEMENTS - continued
for the year ended 31March 2022
10. COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 4,500 4,500
Charitable
activities
Direct charitable
activities		 799,103 799,103
Investment
income		 400 400
Total 799,503 4,500 804,003
EXPENDITURE ON
Charitable
activities
Direct charitable
activities		 964,859 964,859
NET INCOME/(EXPENDITURE) (165,356) 4,500 (160,856)
RECONCILIATION
OF FUNDS
Total funds brought
forward		 1,167,806 4,500 1,172,306
TOTAL FUNDS CARRIED FORWARD 1,002,450 9,000 1,011,450
11. COMMITMENTS
AND CONTINGENCIES

INTANGIBLE FIXEDASSETS
Intellect
Property
Rights Computer
Cost soihvare Totals
6 6
COST
At I April 2021 68,949 68,949
Additions 21,900 21,900
At 31March 2022 68,949 21,900 90)849
AMORTISATION
At 1 April 2021 68,948 68,948
Charge for year 2,190 2,190
At 31March 2022 68,948 2,190 71,138
NET BOOK VALUE
At 31March 2022 19,710 19,711
At 31March 2021

13. TANGIBLE FIXEDASSETS
Computer
Equipment software Totals
5 5 5
COST
At 1 April 2021 and 31March 2022 88,836 331083 420,119
DEPRECIATION
At 1 April 2021 78,581 327,156 405,737
Charge for year 3,415 1474 4,789
At 31March 2022 81,996 328,530 410,526
NET BOOKVALUE
At 31March 2022 6,840 2,753 9493
At 31March 2021 10,255 4,127 14,382
14. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
Trade debtors 34,683 134,557
Other debtors 19,542 27,847
TESP 27,113
VAT 4,636
58,861 189,517
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
8
Trade creditors 31,578 21,960
Social security and other taxes 1)821 1,822
VAT 2,582
Other creditors 12461 10,105
Accruals and deferred income 28,753
Accrued expenses 63)884 59,906
109,544 125,128

Minimum
lease		 Minimum
lease		 payments under non-cancellable operating leases fall due as follows:
2022 2021
8
Within one year 13,950
17. MOVEMENT IN FUNDS
Net
movement At
At 1.4.21 in funds 31.3.22
Unrestricted funds
General fund 1,002,450 274,640 1)277)090
Restricted funds
SkillElectric 9,000 (9,000)
TOTAL FUNDS 1,011,450 265,640 1877,090
Net movement in funds, included
in the above		 are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 1,182,794 (908,154) 274,640
Restricted funds
SkillElectric 4400 (13400) (9,000)
TOTAL FUNDS 1,187,294 (921,654) 265)640
Comparatives for movement in funds
Net
movement At
At 1.4.20 in funds 31.3.21
Unrestricted funds
General
fund		 1,167,806 (165,356) 1,002,450
Restricted
funds
SkillElectric 4,500 4,500 9,000
TOTAL FUNDS 1,172,306 (160,856) 1,011,450

Incoming Resources Movement
resources expended in funds
g
Unrestricted funds
General
fund		 799,503 (964,859) (165,356)
Restricted funds
SkillElectric 4,500 4,500
TOTAL FUNDS 804,003 (964,859) (160,856)

for the year ended 31 March 2022
2022 2021
5
INCOME AND ENDOWMENTS
Donations
and legacies
Grants 4400 4,500
Investmeat
income
Investment
income		 112 400
Charitable
activities
Licence Fees Received 355,653 232,508
Marking 787,430 525,225
Assessor training
fees		 32,860 34,620
Replacement
Certificates &monitoring		 6,739 6,750
1,182,682 799,103
Total incoming
resources		 1,187,294 804,003
EXPENDITURE
Charitable
activities
Wages 69,532 87,582
Pensions 5,179 6,006
Assessment
Costs		 58,056 97,556
Office costs 30422 32,488
Travel and meeting costs 2,989 1,072
Assessor conference 10,608
Marketing
and website costs		 34,987 35,368
Legal fees 2,952 10,106
Professional
fees		 96474 80,864
Rent and rates 12,913 32,814
Bad debts 901
SkillElectric project &event 28,939 20,794
TESPproject 23429 13,555
FESSproject 94,981 82,655
Other projects 53,846 24,088
Technical consultants 361,546 407,621
Project consultants 23442 19,498
Computer
software		 2,190
Depreciation ofequipment 3,415 5,120
Depreciation ofsoftware 1474 2,060
916,674 960,148
Support costs
Finance
Bank charges 413 178

for the year end ed 31March 2022
2022 2021
6
Finance
Governance costs
Auditors'
remuneration		 4467 4,533
Total resources expended 921,654 964,859
Net income/(expenditure) 265,640 (160,856)