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2020-12-31-accounts

Charity Registration No. 1077173

Company Registration No. 03815677 (England and Wales)

PARTNERSHIP FOR LEARNING

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

PARTNERSHIP FOR LEARNING

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs S M Bersin
Mr D Dunning
Mr J Westcott
Mrs S T McLaughlin
Mrs H A Noon
Charity number 1077173
Company number 03815677
Registered office South Road
Liverpool
Merseyside
L24 9PZ
Independent examiner Helen Furlong FCCA
McLintocks (NW) Limited
46 Hamilton Square
Birkenhead
Wirral
Merseyside
CH41 5AR
Bankers National Westminster Bank Plc
22 Castle Street
Liverpool
L2 0UP
Solicitors Hill Dickinson
1 St Paul's Square
Liverpool
Merseyside
L3 9SJ

PARTNERSHIP FOR LEARNING

CONTENTS

Page
Trustees report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7 - 8
Statement of cash flows 9
Notes to the financial statements 10 - 17

PARTNERSHIP FOR LEARNING

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees present their report and financial statements for the year ended 31 December 2020.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document , a deed of trust , the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The objects of the charity are as follows:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Public benefit

The board of trustees is aware of the Charity Commission's guidance in relation to public benefit. It is the opinion of the trustees, that this report demonstrates how the charity provides public benefit.

PARTNERSHIP FOR LEARNING

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Achievements and performance

Review of the Charity's Activities

As previously reported the Charity took over the running of the building in 2010 following its main tenant going into administration.

The Trustees continued to carry on and develop the training activities formerly controlled by its former tenant, and received considerable support from several large employers, including Jaguar Landrover, Knowsley Council, and Liverpool Council .

In particular, the Charity benefitted from the utilisation of its facilities by Jaguar Land Rover in the recruiting, assessing and training of potential employees.

We have in place training companies who deliver training using the premises on a long-term booking for 12

months.

In addition, the following companies also accessed the facilities to deliver Conferences, training to their employees and students.

Riverside Housing Association, LHT, Decoma, AstraZeneca, Seqirus NHS, 5 Borough Partnership NWAS, Knowsley Council, Liverpool council, Jaguar Academy, and Jaguar Education and Business Ce ntre.

Also, in these pasts years we have opened on Saturdays for a voluntary group who have been attending each week working with young Men around Mental health issues. W e have supported in holding events for several respective charities.

We have also facilitated community groups from Halewood, and Speke to use the facilities. This has been for training and meetings. We have also enabled a small group from Halewood who have been in and sold hand knitted baby garments and hand made items for a cancer charity of their choice.

Taking into account we were until M arch 2019 on target to have a good year with bookings till September this was put into abeyance due to Covid 19 with cancellations the numbers of people who would used the building for both training and conferencing, the numbers would have ranged from 200-250 candidates per day. But over the last 12 months and not been able to open we have only been able to accommodate number of smaller organisations with 5-20 candidates per day.

In the Past year we have also been in a position to support 2 people in obtain, qualifications to enable them both further their chances of employment and also set about developing skills to enable them to support others within their local community.

Partnership for Learning is very active in supporting local community objectives. We have supported local organisations in the community with the use of rooms at no cost.

Financial review

The financial results for the year are shown on page s 6 and 7 of these financial statements, but in summary, show a deficit of £105,375 , compared with a surplus of £ 20,524 for 201 9 . The cash position remains strong with net current assets of £ 188,153 and cash at bank of £ 201,075 at 31 December 20 20 .

Reserves policy

It is trustee policy to maintain a minimum of cash on deposit which represents at least three months core costs . Currently this policy is easily met.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and have taken steps to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

PARTNERSHIP FOR LEARNING

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Plans for the future

For the future the trustees are determined to bring the building into nearly full usage by encouraging as many training organisations as possible on Merseyside and further afield to make use of the excellent facilities. The Charity recognises the need to diversify and engage flexibility in the use of rooms to meet the challenges of the current economy and business needs.

A primary purpose is to provide high quality training that is linked directly to current local employer requirements; PFL Charity continues to develop its strategy of employer engagement.

We are looking at further negotiations to look at working, in partnership with other training organisations to: have them deliver their training in PFL

We are at present in consultation with other companies from who we are in talks with which will see the charity

in a firmer financial position.

We will support local voluntary groups to hire the facility of Partnership for Learning with local action in free use of the rooms.

As we have had several recent successful years, the trustees are hopeful that this will put us in a good position to be able to survive the Coronavirus Pandemic of 2020. The pandemic is already having a detrimental affect on our income.

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

It is a registered charity governed by its governing document dated 25 August 1999.

The charity received substantial donations and grants from local businesses and organisations which were used in part to build a large, high specification training / conference centre in Speke near Liverpool which was completed in March 2001.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs S M Bersin

Mr D Dunning Mr J Westcott Mrs S T McLaughlin Mrs H A Noon

PARTNERSHIP FOR LEARNING

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Recruitment and appointment of new trustees

The trustees represent interested parties in the public, private, community and voluntary sectors. Vacancies are filled by invitation to individuals from key stakeholders who have interests in the charity's type of businesses and activities and also have the skills and knowledge to bring to the board. No external body has the right to appoint a trustee and the mix of the trustees is at the discretion of the board.

New trustees are invited and encouraged to attend short briefing sessions to familiarise themselves with the charity and the context within which it operates. The secretary ensures that the trustees are kept up to date with any change in legislation, rules and regulation which may affect the charity.

The trustees r eport was approved by the Board of Trustees.

.............................. Mr D Dunning Trustee Dated: .........................

PARTNERSHIP FOR LEARNING

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PARTNERSHIP FOR LEARNING

I report to the trustees on my examination of the financial statements of Partnership For Learning (the Charity) for the year ended 31 December 2020.

Responsibilities and basis of report

As the trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of FCCA, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Helen Furlong FCCA McLintocks (NW) Limited

46 Hamilton Square Birkenhead Wirral Merseyside CH41 5AR

Dated: .........................

PARTNERSHIP FOR LEARNING

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted Unrestricted
funds funds
2020 2019
Notes
£		 £
Income and endowments from:
Donations and legacies 3 69,301 -
Charitable activities
Provision of training facilities 4 300,517 516,040
Catering 4 37,821 156,487
Investments 5 234 610
Other income 6 - 420
Total income 407,873 673,557
Expenditure on:
Charitable activities
Provision of training facilities 7 451,543 523,545
Catering 7 61,705 129,488
Total charitable expenditure 513,248 653,033
Net (expenditure)/income for the year/
Net movement in funds (105,375)
20,524
Fund balances at 1 January 2020 1,644,087 1,623,563
Fund balances at 31 December 2020 1,538,712 1,644,087

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

PARTNERSHIP FOR LEARNING

BALANCE SHEET

AS AT 31 DECEMBER 2020

Fixed assets
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
Loans and overdrafts
14
Taxation and social security
Other creditors
15
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
Loans and overdrafts
14
Net assets
Income funds
Unrestricted funds - general		 2020
1,360,559
1,000
48,668
201,075
250,743
50,000
7,381
15,209
72,590
178,153
1,538,712
-
-
1,538,712
1,538,712
1,538,712		 2019
1,377,608
3,000
121,872
297,016
421,888
50,000
28,943
26,466
105,409
316,479
1,694,087
50,000
(50,000)
1,644,087
1,644,087
1,644,087

2020 2019

PARTNERSHIP FOR LEARNING

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2020

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2020.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .........................

.............................. Mr D Dunning Trustee

Company Registration No. 03815677

PARTNERSHIP FOR LEARNING

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
Cash flows from operating activities
Cash absorbed by operations
17
Investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Financing activities
Repayment of bank loans
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2020
£
(6,045)
234
(50,000)		 £
(40,130)
(5,811)
(50,000)
(95,941)
297,016
201,075		 2019
£
(11,953)
610
(50,000)		 £
(11,263)
(11,343)
(50,000)
(72,606)
369,622
297,016

PARTNERSHIP FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Charity information

Partnership For Learning is a private company limited by guarantee incorporated in England and Wales. The registered office is South Road, Liverpool, Merseyside, L24 9PZ.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling , which is the functional currency of the Charity. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Incoming resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations and all other receipts from fundraising are reported gross and the related fundraising costs are reported in expenditure.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally on notification of the interest paid or payable by the bank.

1.5 Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

PARTNERSHIP FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

Charitable activities

Charitable activities expenditure comprise those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and also costs of an indirect nature necessary to support them.

Governance costs

These represent costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.

Allocation and apportionment of costs

Costs are allocated on a basis consistent with the use of the resources.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings Plant and equipment 33% on cost Fixtures and fittings 33% on cost Computers 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired.

1.7 Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

PARTNERSHIP FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

3 Donations and legacies

Unrestricted
funds
general
2020
£
CJRS grant
69,301
Charitable activities
Provision of
training
facilities
Catering
Total
Provision of
training
facilities
Catering
2020
2020
2020
2019
2019
£
£
£
£
£
Sales within charitable
activities
300,517
37,821
338,338
516,040
156,487		 Total
2019
£
-
Total
2019
£
672,527

4 Charitable activities

PARTNERSHIP FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

5 Investments

Unrestricted Unrestricted
funds funds
general general
2020 2019
£ £
Interest receivable 234 610
Other income
Total Unrestricted
funds
general
2020 2019
£ £
Other income - 420

6 Other income

7 Charitable activities

Provision of
training
facilities
Catering
2020
2020
£
£
Catering purchases
-
27,968
Rates & water
46,965
-
Insurance
14,696
-
Heat & light
52,371
-
Commissions & recharge
14
-
Office cleaning
7,790
-
Building maintenance
46,207
-
Bad debts
1,307
1,796
Sundry expenses
4,040
-
173,390
29,764
Share of support costs
(see note 8)
251,044
31,941
Share of governance costs
(see note 8)
27,109
-
451,543
61,705		 Total Provision of
training
facilities
Catering
2020
2019
2019
£
£
£
27,968
-
71,405
46,965
58,481
-
14,696
14,505
-
52,371
64,491
-
14
97
-
7,790
21,675
-
46,207
70,451
-
3,103
2,522
39
4,040
7,608
-
203,154
239,830
71,444
282,985
246,385
58,044
27,109
37,330
-
513,248
523,545
129,488		 Total
2019
£
71,405
58,481
14,505
64,491
97
21,675
70,451
2,561
7,608
311,274
304,429
37,330
653,033

PARTNERSHIP FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

8 Support costs

Support
costs
Governance
costs
£
£
Staff costs
238,933
-
Depreciation
23,095
-
Travel
499
-
Printing & stationery
1,664
-
Telephone
8,306
-
ICT support
4,413
-
Bank charges
659
-
Bank interest
3,641
-
Support costs heading 8
1,775
-
Accountancy
-
4,354
Legal and professional
-
22,755
282,985
27,109		 2020
£
238,933
23,095
499
1,664
8,306
4,413
659
3,641
1,775
4,354
22,755
310,094		 Support
costs
Governance
costs
£
£
260,916
-
22,293
-
1,038
-
1,617
-
4,014
-
5,886
-
703
-
6,512
-
1,450
-
-
3,423
-
33,907
304,429
37,330		 2019
£
260,916
22,293
1,038
1,617
4,014
5,886
703
6,512
1,450
3,423
33,907
341,759

9 Trustees

There were no trustee expenses during the year (2019 £nil.)

10 Employees

The average monthly number of employees during the year was:

Support staff
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2020
Number
14
2020
£
224,487
14,450
(4)
238,933		 2019
Number
14
2019
£
242,934
17,978
4
260,916

There were no employees whose annual remuneration was £60,000 or more.

PARTNERSHIP FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

11
Tangible fixed assets
Cost
At 1 January 2020
Additions
At 31 December 2020
Depreciation and impairment
At 1 January 2020
Depreciation charged in the year
At 31 December 2020
Carrying amount
At 31 December 2020
At 31 December 2019
12
Stocks
Raw materials and consumables
13
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 Leasehold
land and
buildings
£
1,352,550
-
1,352,550
-
-
-
1,352,550
1,352,550		 Plant and
equipment
Fixtures and
fittings
£
£
126,840
493,665
1,723
-
128,563
493,665
121,877
479,956
3,339
13,709
125,216
493,665
3,347
-
4,963
13,709		 Computers
£
544,320
4,322
548,642
537,934
6,046
543,980
4,662
6,386
2020
£
1,000
2020
£
33,007
15,661
48,668		 Total
£
2,517,375
6,045
2,523,420
1,139,767
23,094
1,162,861
1,360,559
1,377,608
2019
£
3,000
2019
£
93,257
28,615
121,872

PARTNERSHIP FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

14 Loans and overdrafts

Bank loans
Payable within one year
Payable after one year		 2020
£
50,000
50,000
-		 2019
£
100,000
50,000
50,000

The bank loan, which is repayable over 10 years, is secured on the Charity's property.

15
Other creditors falling due within one year
Trade creditors
Other creditors
Accruals and deferred income
16
Related party transactions
There were no disclosable related party transactions during the year (2019 - none).		 2020
£
11,853
756
2,600
15,209
 2019
£
9,471
1,163
15,832
26,466
17
Cash generated from operations
2020
£
(Deficit)/surpus for the year
(105,376)
Adjustments for:
Investment income recognised in statement of financial activities
(234)
Depreciation and impairment of tangible fixed assets
23,095
Movements in working capital:
Decrease in stocks
2,000
Decrease/(increase) in debtors
73,204
(Decrease) in creditors
(32,819)
Cash absorbed by operations
(40,130)		 2019
£
20,524
(610)
22,293
-
(29,028)
(24,442)
(11,263)

PARTNERSHIP FOR LEARNING

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

18 Analysis of changes in net funds
At 1 January Cash flows At 31 December
2020 2020
£ £ £
Cash at bank and in hand 297,016 (95,941) 201,075
Loans falling due within one year (50,000) - (50,000)
Loans falling due after more than one year (50,000) 50,000 -
197,016 (45,941) 151,075