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|---|---|---|---|---|
|Reference and administrative||details ofthe charity, its Trustees|and advisers||
|Trustees'
report||||2-6|
|Independent
auditors'|report|on the financial statements||7-9|
|Statement
offinancial|activities|||10|
|Balance sheet|||||
|Statement
ofcash flows||||12|
|Notes to the financial|statements|||13-24|
|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE|ADMINISTRATIVE|ADMINISTRATIVE|DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|---|---|
||||FOR||THE|YEAR ENDED 31 AUGUST 2020||
|Trustees|||P Grant|||||
||||N Pulver|||||
||||C Weber|||||
||||B Isbell|||||
||||R Rogers|||||
||||B Kaufman||(resigned||25 August 2020)|
||||N Fawcett|||||
||||M Stubbs (resigned 25 August 2020)|||||
||||F Horwitz (appointed||||13October 2020)|
|Company|registered|||||||
|number|||3631445|||||
|Charity registered||||||||
|number|||1072976|||||
|Registered||office|13 Furzehill||Road|||
||||Borehamwood|||||
||||Hertfordshire|||||
||||WD6 2DG|||||
|Independent||auditors|Nyman
Libson Paul LLP|||||
||||Chartered|Accountants||||
||||Registered||Auditors|||
||||124 Finchley Road|||||
||||London|||||
||||NW3 5JS|||||
|Bankers|||Bank of Scotland|||||
||||14/16 Cockspur|||Street||
||||London|||||
||||SW1Y5BL|||||
||||HSBC|||||
||||103Station||Road|||
||||Edgeware|||||
||||Middlesex|||||
||||HA8 7JJ|||||
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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2020|2020|2019|
||||Note|F|E|E|
|Income from:|||||||
|Charitable
activities||||930,178|930,178|1,156,965|
|investments||||1,565|1,565|202|
|Other income||||37,985|37,985||
|Total income||||969,728|969,728|1,157,167|
|Expenditure
on:|||||||
|Charitable
activities||||878,383|878,383|971,850|
|Total expenditure||||878,383|878,383|971,850|
|Net movement|in funds|||91,345|91,345|185,317|
|Reconciliation|offunds:||||||
|Total funds brought||forward||1,510,537|1,510,537|1,325,220|
|Net movement|in funds|||91,345|91,345|185,317|
|Total funds carried||forward||1,601,882|1,601,882|1,510,537|
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||||||2020||2019|
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets||||||||
|Tangible assets|||||841,753||846,694|
||||||841,753||846,694|
|Current assets||||||||
|Debtors|||12|38,902||50,892||
|Cash at bank and|in|hand||775,250||715,244||
|||||814,152||766,136||
|Creditors: amounts||falling due within one||||||
|year|||13|(54,023)||(102,293)||
|Net current assets|||||760,129||663,843|
|Tota}net assets|||||1,601,882||1,510,537|
|Charity funds||||||||
|Unrestricted
funds||||||||
|General funds|||14|1,032,809||941,464||
|Revaluation
reserve||||569,073||569,0?3||
|Total unrestricted|funds||||1,601,882||1,510,537|
|Total funds|||||1,601,882||1,510,537|
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||||||2020|2019|
|---|---|---|---|---|---|---|
|||||||F|
|Cash flows from operating||activities|||||
|Net cash|used
in operating|activities|||62,480|130,626|
|Cash flows from investing||activities|||||
|Purchase|oftangible
fixed assets||||(2,474)|(12,036)|
|Net cash|used
in investing|activities|||(2,474)|(12,036)|
|Change|in cash and cash|equivalents|in|the year|60,006|118,590|
|Cash and|cash equivalents|at the beginning||ofthe year|715,244|596,654|
|Cash and cash equivalents||at the end|of|the year|775,250|715,244|
|The notes on pages 13to 24 form part ofthese financial statements|||||||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|||E|E||
|Student|income|865,335|865,335|1,042,244|
|Clinic income||64,843|64,843|114,721|
|Total 2020||930,178|930,178|1,156,965|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|||F|E|F|
|Bank|interest|1,565|1,565|202|
|6.|Other incoming|Other incoming|resources||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2020|2020|2019|
||||||F|E|
||Furlough|grant||37,985|37,985||
||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||directly|costs|funds|funds|
||2020|2020|2020|2019|
||E|E|E|E|
|Education|239,154|416,814|655,968|680,918|
|Clinical|155,903|34,810|190,713|240,292|
|Governance||31,702|31,702|50,640|
|Total 2020|395,057|483,326|878,383|971,850|
|Total 2019|471,557|500,293|971,850||
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|||||Total|Total|
|---|---|---|---|---|---|
||Education|Clinical|Governance|funds|funds|
||2020|2020|2020|2020|2019|
|||F|F|E||
|Staff costs|287,745|21,626||309,371|318,859|
|Rent, rates and insurance|79,839|6,000||85,839|52,895|
|Repairs and maintenance|10,092|758||10,850|16,450|
|Computer
expenses|6,644|499||7,143|6,941|
|Advertising|2,875|216||3,091|16,663|
|Travel expenses|2,953|222||3,175|8,620|
|Telephone
and fax|5,631|423||6,054|4,460|
|Printing,
postage and stationary|2,950|222||3,172|5,822|
|Equipment
rental|4,541|341||4,882|4,482|
|Other costs|10,579|795||11,374|7,686|
|Depreciation|2,965|3,708|742|7,415|7,528|
|Bookkeeping
and accountancy|||5,728|5,728|4,559|
|Auditor
remuneration|||7,860|7,860|9,786|
|Legal and professional|||14,191|14,191|11,945|
|Bank charges|||1,777|1,777|2,145|
|Bad debts provision|||1,404|1,404|21,452|
|Total 2020|416,814|34,810|31,702|483,326|500,293|
|Total 2019|401,976|47,677|50,640|500,293||
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|Staff costs||||||
|---|---|---|---|---|---|
|||||2020|2019|
|||||E||
|Wages and|salaries|||528,591|576,349|
|Social security costs||||32,419|17,281|
|Contribution|to defined|contribution|pension schemes|4,905|4, 171|
|||||565,915|597,801|
||2020|2019|
|---|---|---|
||No.|No.|
|Education|10|12|
|Clinical|11|12|
|Administration|4|5|
||25|29|
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||Freehold|Plant and|Fixtures and|Computer||
|---|---|---|---|---|---|
||property|machinery|fittings|equipment|Total|
||F|||E||
|Cost or valuation||||||
|At 1 September 2019|815,382|88,313|92,477|17,386|1,013,558|
|Additions||||2,474|2,474|
|At 31 August 2020|815,382|88,313|92,477|19,860|1,016,032|
|Depreciation||||||
|At 1 September 2019|2,882|75,330|82,504|6,148|166,864|
|Charge for the year||1,947|1,496|3,972|7,415|
|At 31 August 2020|2,882|77,277|84,000|10,120|174,279|
|Net book value||||||
|At 31 August 2020|812,500|11,036|8,477|9,740|841,753|
|At 31 August 2019|812,500|12,983|9,973|11,238|846,694|
|||2020|2019|
|---|---|---|---|
|||F|F|
|Cost||278,713|278,713|
|Accumulated|depreciation|(81,808)|(76,233)|
|||196,905|202,480|
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|||2020|2019|
|---|---|---|---|
||||E|
|Due within one year||||
|Trade debtors||27,588|49,117|
|Prepayments|and accrued income|4,118|1,775|
|Grants receivable||7,196||
|||38,902|50,892|
##
||||2020|2019|
|---|---|---|---|---|
||||E|E|
|Other creditors|||7,600|5,701|
|Accruals|and deferred|income|46,423|96,592|
||||54,023|102,293|
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|Stateme|nt|offunds - current year|||||
|---|---|---|---|---|---|---|
||||Balance at 1|||Balance at|
||||September|||31 August|
||||2019|Income|Expenditure|2020|
|||||E|||
|Unrestricted||funds|||||
|General|Funds||941,464|969,728|(878,383)|1,032,809|
|Revaluation||reserve|569,073|||569,073|
||||1,510,537|969,728|(878,383)|1,601,882|
|Statement offunds - prior year|||||||
||||Balance at|||Balance at|
||||1 September|||31 August|
||||2018|Income|Expenditure|2019|
||||E|E|E|E|
|Unrestricted||funds|||||
|General|Funds||756,147|1,157,167|(971,850)|941,464|
|Revaluation||reserve|569,073|||569,073|
||||1,325,220|1,157,167|(971,850)|1,510,537|
|Analysis|of n|et assets between
funds - current
pe|riod||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
||||E||
|Tangible|fixed|assets|841,753|841,753|
|Current|assets||814,152|814,152|
|Creditors|due|within one year|(54,023)|(54,023)|
|Total|||1,601,882|1,601,882|
##
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2019|2019|
||||E||
|Tangible|fixed|assets|846,694|846,694|
|Current|assets||766,136|766,136|
|Creditors|due|within one year|(102,293)|(102,293)|
|Total|||1,510,537|1,510,537|
|16.|Reconciliatio|n
of n|et|movement|in funds|to net cash flow from opera|ting
activities||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
|||||||||F|
||Net income for the period (as per||||Statement|of Financial Activities)|91,345|185,317|
||Adjustments|for:|||||||
||Depreciation|charges|||||7,415|7,528|
||Decrease/(increase)||in debtors||||6,216|(22,947)|
||Decrease
in|creditors|||||(48,447)|(39,272)|
||Net cash provided||by operating||activities||56,529|130,626|
|17.|Analysis of|cash and||cash equivalents|||||
||||||||2020|2019|
||||||||E|F|
||Cash
in hand||||||775,250|715,244|
||Total cash and cash|||equivalents|||775,250|715,244|
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|||||||At 1|||
|---|---|---|---|---|---|---|---|---|
|||||||September||At 31 August|
|||||||2019|Cash flows|2020|
||||||||E|E|
|Cash|at|bank|and|in|hand|715,244|60,006|775,250|
|||||||715,244|60,006|775,250|
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||||2020|2019|
|---|---|---|---|---|
||||E|F|
|Not later than||1 year|38,066|38,066|
|Later than|1 year and not later than 5 years||57,205|95,271|
||||95,271|133,337|