2020-12-31-accounts - Cacdp

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Reference and administrative details of the Charity,	its Trustees and Advisers
Trustees' Annual Report		4 —10
Report of the Independent Auditors		11 —13
Statement of Financial Activities		14-15
Balance Sheets		16 —17
Consolidated Statement ofCash Flows		18
Notes to the Financial Statements		19-39

		Unrestricted Funds		Total	Continuing operations	Restricted Funds	Discontinued Operations *	Total
Incoming Resources
Incoming resources from
generated funds
Donations and legacies	2a	215		215	227			227
Other trading activities	2b	34,074		34,074	46,990			46,990
Investments	2c	(920)		(920)	9,247		1,027	10,274
		33,369		33,369	56,464			57,491
Incoming Resources from
charitable activities
Examinations and Centre
Registrations		619,199		619,199	1,026,292			1,026,292
Sale ofTraining Materials					26,319			26,319
Curriculum and Other Training					6,813			6,813
Registration of LSP's							335,282	335,282
Development ofexaminations,
training and materials	2d		1,141	1,141		862
		619,199	1,141	620,340	1,059,424	862	335,282	1,395,568
Other incoming resources	2e	103,137		103,137	10,677			10,677
Total incoming resources		755,705	1,141	756,846	1,126,565	862	336,309	1,463,736
Resources Expended
Costs ofgeneratingfunds
Examinations and Centre
Registrations		547,169		547,169	618,975			618,975
Sale ofTraining Materials		80,995		80,995	96,319			96,319
Curriculum and Other Training		49,954		49,954	100,400			100,400
Registration of LSP's					0		288,496	288,496
Development ofexaminations,
training and materials		206,344		206,344	209,612	862		210,474
Other - exceptional item
Expenditure		884,462		884,462	1,025,306	862	288,496	1,314,664
Loss on Disposal		201,247		201,247
Net movement in funds		(330,004)	1,141	(328,863)	101,259	0	47,813	149,072
Reconciliation offunds
Total funds brought forward		1,374,383	19,130	1,393,513	969,261	19,130	256,050	1,244,441
Total funds carried forward		1,044,379	20,271	1,064,650	1,070,520	19,130	303,863	1,393,513

				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds	2020	2019
			Note
Income from:
Donations and legacies			2a	215		215	227
Other trading activities			2b	15,350		15,350	78,750
Investments			2c	920		920	9,247
				14,645		14,645	88,224
Charitable activities
Examinations and centre registrations				614,772		614,772	1,026,292
Development ofexaminations,	training	and materials	2d		1,141	1,141	862
				614,772	1,141	615,913	1,027,154
Other incoming resources			2e	103,137		103,137	10,677
Total income				732,554	1,141	733,695	1,126,055
Expenditure on:
Raising funds
Charitable activities:			3a
Examinations and centre registrations				538,100		538,100	611,061
Sale oftraining materials				79,796		79,796	95,891
Curriculum and other training				49,954		49,954	100,400
Development ofexaminations,	training	and materials		206,344		206,344	210,474
Other- exceptional Items
Total expenditure				874,194		874,194	1,017,826
Net movement in funds				142,840	1,141	140,499	108,229
Reconciliation offunds
Total funds brought forward				1,067,995	19,130	1,085,925	977,696
Transfers			20
Total funds carried forward				925,155	20,271	945,426	1,085,925

			Note	2020	2019
Fixed assets
Tangible assets			9	138,299	153,754
Intangible assets			10	0	0
Investments			11	106,802	109,273
Total fixed assets				245,101	263,027
Current assets
Stocks oftraining	materials		12	20,076	19,538
Debtors			13	83,766	139,006
Cash at bank and	in	hand		1,219,301	1,727,108
				1,323,143	1,885,653
Creditors: Amounts		falling due
within one year			15	282,026	473,970
Net current assets				1,041,117	1,411,683
Total assets less	current liabilities			1,286,218	1,674,710
Creditors: amounts		falling due
in after more than one year				221,568	281,197
Net assets				1,064,650	1,393,513
Funds ofthe charity
Restricted income	funds		19	20,271	19,130
Unrestricted funds
General funds			19	1,334,082	1,721,730
Pension fund			19	289,703	347,347
				1,044,379	1,374,383
Total funds				1,064,650	1,393,513

							Group
						Note	2020	2019
Net cash flows from operating	activities					25	(301,464)	98,505
Cash flows from/(used in) investing			activities
Interest received							1,551	5,071
Loss on disposal ofinvestment							(201,247)	(146,632)
Proceeds on disposal offixed assets							31,516
Purchase oftangible fixed assets							(38,163)
Net cash from/(used in) investing		activities					(206,343)	(141,561)
Increase/ (decrease) in cash and	cash		equivalents		in the year		(507,807)	(43,056)
Cash and cash equivalents at the	beginning			ofthe	year		1,727,108	1,770,164
Total cash and cash equivalents		at	the end ofthe year				1,219,301	1,727,108
Relating to:
Cash at bank and in hand							1,219,301	1,727,108
Short term investments
Total cash and cash equivalents		at	the end ofthe year				1,219,301	1,727,108

2	. Incoming resources
				2020	2019
2a)	Donations and legacies- unrestricted
	Donations			215	227
2b)	Other Trading activities (Group)- unrestricted			2020	2019f
	Conferences and fairs			0	0
	Signature Commercial			34,074	46,990
				34,074	46,990
				2020	2019
2b)	Other Trading activities (Charity)- unrestricted
	Conferences and fairs			0	0
	Intercompany recharges			15,350	78,750
				15,350	78,750
				2020	2019
2c)	Investment income (Charity)-	unrestricted			f.
	Bank interest Money market and other deposits			1,551 ~2,471	4,044 5,203
				920	9,247
				2020	2019
2c)	Investment income (Group)- unrestricted			f.	E
	Bank Interest Money market and other deposit			1,551 ~2,471	5,071 5,203
				920	10,274
				2020	2019
2d)	Development ofexaminations,	training	and materials		E
	GCSE				862
	Other			1,141
	Total restricted development	income		1,141	862
				2020	2019
2e)	Other Income - unrestricted
	Furlough income			99,784	0
	Other			3,353	10,677
	Total other income - unrestricted			103,137	10,677

			CD C) CV	4I	CQ CD I CQ CV	CV (0 CO		~ 4 0) CO LA	CV O (O LA	Cl CO Crl T(r)		CV CV CV		LAO CQ O CV	O CV		O CV LA	LA CO (0			(0 CQ O
			O CII Cl	4l	CV CO	O		CV (O	O O					O CO	O		O	O O
			CV		P& CD			CD N	O CV					CD CQ				(0
																	LA
		C E a. 0	O wQ e E e	4l	CD rA O	CD C4 (O		(O LA LA	I	(0 Cl CV		Crl (O Cl		CD LA O	0) CV (0	I	(O LA LA CO	I	(O Al		(OO CV
		Q ~	Ir 0
			C 0	4J	O	O		O	O					I	I	I	I	I
			VI
			CI Q
	2 O I 0	I L0 ~ CI	UI C C trt	4l	v- LA LA	(O P)		CD Cl						LA LA	(O	I	CD O	I
		0I C C I-			O rA	(D (0 (4 C4		CV CV CV (O LA		LA CS CD Cl CO				O rA	0) (O (r) CV CV	I	~ CVO CV LA	I
	VI C 0 Q C	Q ~~ CQ O Z	N C0 (V Q	4l				(O N ~	O OO bl	O LA				(O (D CQ	LA LA CQ KJ		CQ CQ LA O P)	O O (0	OO CQ (rl LA		OO CO LA
	m	Q	UI Q
	LLJ
Nr		Q O I									'D Q		'0 Q O							'0 Q
0) ~~		VlQ C							O		O VIQ		VIQ C					O		O VIQ
IcI Ql 0 tO tA0O		I VIQ OQ Q (V W O	0 (y		Vl Vl0 O O Q O	Vl Vl 0 O ~ m M	Vl'0 05Q Q 0 OQ CI	Q0 Vl C gj Vl 0 Q O Q 0 OC 6$C tU ~ O Q p&8			II Vl0 (6 Q I 0 Q 8 0 QBQ 0 O g I Q Q p O CI &	6$0I-	I VIQ) OQ Q eN QI. m 0~ O	Vl Vl 0 O O Q 0	Vl ~ rn 0 O g Q Co	tD0 QQ Q 0 O Q CI	Vl R Q 0 Q 8 O	Q0 Vlp O Q O C U		I Q Vl (9Q O IQ Q ~ 0 QBQ 6$ 'C O O Q Q I OO&	Cl0I-

Net incomi	ng/outg	o	ing	resource	s is aft	er charging:
							2020	2019
Auditors' remuneration			-	Statutory	Audit		12,000	12,900
							12,000	12,900
Operating lease costs-Land				and Buildings			39,639	51,053
Amortisation
Depreciation							23,304	10,132
Staff costs
						Group	Charity	2019
						2020	2020
							E
Salaries						430,206	430,206	556,351
Employer's	National		Insurance			31,574	31,574	45,593
Employer's	Pension	Contributions				31,313	31,313	40,161
						493,094	493,094	642,105
Recruitment	fees					127	127	3,846
Temporary	staff					0	0	16,509
						493,221	493,221	20,355

as 1 (20	19:1)
				December	December
				2020	2019
Between	860,000	and	870,000	1	1

	Furniture	Office	Computei	Computer	2020
	&fittings	equipment	software	equipment	Total
Cost
At 1 January 2020	62,851	32,520	256,744	124,042	476,157
Additions	2,802	-	34,248	1,113	38,163
Disposals		968	23,857	7,292	32,116
At 31 December 2020	65,653	31,552	267,135	117,864	482,204
Depreciation
At 1 January 2020	56,252	27,899	138,600	99,652	322,403
Charge for the Year	1,837	1,561	13,012	8,093	24,503
Disposals		272	795	1,934	3,001
At 31 December 2020	58,089	29,188	150,817	105,811	343,905
Net book value
At 31 December 2020	7,564	2,364	116,318	12,053	138,299
At 31 December 2019	6,599	4,621	118,144	24,390	153,754

	Furniture	Office	Computer	Computer	2020
	8 fittings	equipment	software f	equipment	Total
Cost
At 1 January 2020	62,851	31,552	226,887	116,751	438,041
Additions	2,802		34,248	1,113	38,163
Disposals
At 31 December 2020	65,653	31,552	261,135	117,864	476,204
Depreciation
At 1 January 2020	56,252	27,627	133,592	97,718	315,189
Charge for the year	1,836	1,561	11,812	8,093	23,302
Disposals
At 31 December 2020	58,088	29,188	145,404	105,811	338,492
Net book value
At 31 December 2020	7,564	2,364	115,731	12,053	137,712
At 31 December 2019	6,599	3,925	93,295	19,033	122,852

					Research 8
					Development
Cost
At 1 January 2020					173,739
Additions
At 31 December 2020					173,739
Amortlsatlon
At 1 January 2020					173,739
Charge for the year
At 31 December 2020					173,739
Net book value
At 31 December 2020
At 31 December 2019
11.Investments
					2020	2019
Common Investment	Funds				106,801	109,272
Investment in Signature		Commercial	Limited-charity	only	1	1
					106,802	109,273

12.Stocks (Group)	12.Stocks (Group)				2020	2019
Cost					21,506	20,968
Provision for obsolescence					1,430	1,430
					20,076	19,538
No stock is held	by the Charity.
13.Debtors (Group)
					2020	2019
Trade debtors					48,933	93,588
Other debtors
Prepayrnents					34,833	45,418
					83,766	139,006
All debtors are	due for settlement		within	12months.
14.Debtors (Charity)
					2020	2019
Trade debtors					47,464	60,800
Other debtors
Prepayments					34,833	40,064
Inter-company	balance				115,077	90,321
					197,375	191,185
The inter company balance is for a period offive years. From one year after the date of
the agreement	interest	will be payable		on the balance at a	rate of6%per annum.
15.Creditors	(Group)

					2020	2019
Trade Creditors					51,909	22,025
Other Tax and Social Security					11,207	19,407
Accruals					40,843	48,642
Deferred	Income				109,933	317,746
Pension	Fund				68,135	66,150
					282,026	473,970
Deferred	Income	at 31 December 2019				317,746
Amount	released	from previous year				(317,746)
Amount	deferred	in current year				109,933
Deferred	income	at 31 December 2020				109,933
Deferred	income	relates to examination	fees invoiced	in advance

							2020	2019
Trade Creditors							49,893	13,878
Other Tax and	Social Security						8,972	12,487
Accruals							38,539	39,713
Deferred Income							109,933	159,935
Pension Fund							68,135	66,150
Intercompany	creditor							2,422
							275,472	294,584
17.Creditors	due in		more	than one year	(Group and charity)
							2020	2019
Pension creditor							221,568	281,197
18.Financial	instruments
The carrying amounts			of the	Group's financial	instruments	at 31 December	were:
							2020	2019
FINANCIAL ASSETS
Debt instruments		measured		at amortised
cost:
Trade Debtors							48,933	93,588
Other debtors
TOTAL							48,933	93,588
FINANCIAL LIABILITIES
Measured at amortised			cost:
Trade Creditors							51,909	22,025
Accruals							40,843	68,642
TOTAL							92,752	70,667

19. Movem	ents	in funds	(Group)
			Balance	Incoming	Outgoing	Transfers	Balance
						and
			b/fwd	resources	Resources	Disposals	clfwd
Restricted funds:
GCSE			19,130				19,130
Other				1,141			1,141
Total restricted funds			19,130	1,141			20,271
Unrestricted	funds:
Pension			(347,347)			57,644	(289,703)
General funds			1,721,730	755,705	884,462	258,891	1,334,082
Total unrestricted		funds	1,374,383	755,705	884,462	201,247	1,044,379
Total funds			1,393,513	756,846	884,462	201,247	1,064,650

2019-Movement	in funds	(Group)
		Balance	Incoming	Outgoing	Transfers	Balance
		b/fwd	resources	resources		c/fwd
Restricted funds:			f.
GCSE		19,130				19,130
Total restricted funds		19,130				19,130
Unrestricted funds:
Pension		(388,441)			41,094	(347.347)
General funds		1,613,752	1,462,874	1,313,802	41,094	1,721,730
Total unrestricted	funds	1,225,311	1,462,874	1,313,802		1,374,383
Total funds		1,244,441	1,462,874	1,313,802		1,393,513

20. Move	ments	in funds	(Charity)
			Balance	Incoming	Outgoing	Transfers	Balance
			blfwd	resources	resources		c/fwd
Restricted funds:						E	E
GCSE			19,130				19,130
Other				1,141			1,141
Total restricted funds			19,130	1,141			20,271
Unrestricted	funds".
Pension			(347,347)			57,644	(289,703)
General funds			1,414,142	732,554	874,194	57,644	1,214,858
Total unrestricted		funds	1,066,795	732,554	874,194		925,155
Total funds			1,085,925	733,695	874,194		945,426

2019-Movement	s in funds	(Charity)
		Balance	Incoming	Outgoing	Transfers	Balance
		b/fwd	resources	resources		c/fwd
Restricted funds:
GCSE		19,130				19,130
Total restricted funds		19,130				19,130
Unrestricted funds:
Pension		(388,441)			41,094	(347,347)
General funds		1,347,007	1,125,193	1,016,964	41,094	1,414,142
Total unrestricted	funds	958,566	1,125,193	1,016,964		1,066,795
Total funds		977,969	1,125,193	1,016,964		1,085,925

From	1	April	2016	to	30	September				f12,945,440 per annum	f12,945,440 per annum
2025:							(payable	monthly	and	increasing	by 3%each on 1st)
From 2028:	1	April	2016	to	30	September	(payable	monthly	and	increasing	f54,560 per annum by 3%each on 1")

PRESENT VALUES	OF PROVISION	31 December 2020	31	December 2019	31 December 2018
Present value ofprovision		289,703	347,347		397,843
RECONCILIATION	OF OPENING AND	CLOSING PROVISIONS

					Year Ending	Year Ending
					31 December	31 December
					2020	2019
Provision	at start	ofyear			347,347	397,843
Unwinding	ofthe	discount factor	(interest	expense)	3,524	6,390
Deficit contribution		paid			(66,150)	(62,222)
Remeasurements		—impact ofany	change	in assumptions	4,982	5,336
Remeasurements		-amendments	to the contribution
schedule
Provision	at end ofyear				289,703	347,347

					Year Ending	Year Ending
					31 December	31 December
					2020	2019
Interest expense					3,524	6,390
Remeasurements	—impact ofany change		in	assumptions	4,982	5,336
Remeasurements	—amendments	to the contribution
schedule
Contributions paid	in respect offuture service*
Costs recognised	in income and	expenditure		account

		December	31 December	31 December
		2020	2019	2018
		er annum	er annum	% er annum
Rate	ofdiscount	0.27	1.13	1.75

commitments under non-cancellab	le operating lease	s are as fol
	2020	2019
	Land and	Land and
	Buildings	Buildings
Within one year	51,053	51,053
Between two and five years	72,326	123,379
More than five years	0	0
	123,379	174,432

			Group	Group
			2020	2019f
Net movement in funds			(127,616)	149,072
Income from investments			920	(10,274)
Depreciation			22,102	10,132
Decrease	in stocks		(538)	844
Decrease	in debtors		55,240	(16,108)
Decrease	in creditors		(193,928)	5,197
Decrease	in provision		(57,644)	(40,358)
Net cash	inflow from operating	activities	(301,464)	98,505

26.Analysis ofnet assets between fun	ds —Group
	Unrestricted	Restricted	Total
	funds	funds	funds
	E
Fund balances at 31 December 2020 as
represented by:
Tangible fixed assets	138,299		138,299
Intangible fixed assets
Investment assets	106,802		106,802
Current assets	1,309,802	20,271	1,330,073
Current liabilities	(288,956)		(288,956)
Long term liabilities	(221,568)		(221,558)
	1,044,379	20,271	1,064,650
	Unrestricted	Restricted	Total
	funds	funds	funds
Fund balances at 31 December 2019as
represented by:
Tangible fixed assets	153,754		153,754
Intangible fixed assets
Investment assets	109,273		109,273
Current assets	1,866,523	19,130	1,885,653
Current liabilities	(473,970)		(473,970)
Long term liabilities	(281,197)		(281,197)
	1,374,383	19,130	1,393,513

	Unrestricted	Restricted	Total
	funds	funds	funds
Fund balances at 31 December 2020 as
represented by:
Tangible fixed assets	137,712		137,712
Intangible fixed assets	0		0
Investment assets	106,801		106,801
Current assets	1,184,611	20,271	1,204,882
Current liabilities	(282,402)		(282,402)
Long term liabilities	(221,568)		(221,568)
	925,155	20,271	945,426
	Unrestricted	Restricted	Total
	funds	funds	funds
Fund balances at 31 December 2019as
represented by:
Tangible fixed assets	122,852		122,852
Intangible fixed assets	0		0
Investment assets	109,272		109,272
Current assets	1,410,452	19,130	1,429,582
Current liabilities	(294,584)		(294,584)
Long term liabilities	(281,197)		(281,197)
	1,066,795	19,130	1,085,925