CAPITAL TRAINING AND DEVELOPMENT NETWORK (A COMPANY LIMITED BY GUARANTEE)
REGISTERED NUMBER: 03769095
CHARITY NUMBER: 1079736
TRUSTEE'S REPORT AND UNAUDITED ACCOUNTS
FOR THE YEAR 31 MARCH 2021
CAPITAL TRAINING AND DEVELOPMENT NETWORK
INDEX TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
| Contents | Page |
|---|---|
| Report of the Trustee | 3 to 4 |
| Independent Examiner's Report to the Trustee | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
CAPITAL TRAINING AND DEVELOPMENT NETWORK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
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The trustees, who is also the director of the charity for the purposes of the Companies Act 2006, presents his report with the unaudited financial statements of the charity for the year ended 31 March 2021
Company Number: 03769095 Charity Number: 1079736
Principal Office
9 Deptford Church Street London SE8 4RX
Director and Trustee
The Director of the charitable company is the Trustee for the purposes of charity law. The following Director and Trustee served during the year: Rev'd Joseph Oladosu
Independent Examiner:
PEGASUS CONSULTANTS(UK) ACCOUNTANTS AND MANAGEMENT CONSULTANTS
Objectives and activities
CTDN caries out a number of capacity building training. Other activities include leading and facilitating partnerships. Quarterly meetings. CTDN represents the interest of its members at Life long Learning Forum, Local Strategic Partnership meetings and pan London initiatives. CTDN monitors the activities of its members by periodic visits.
Risk Management
The trustees have conducted a review of the major risks which the Charity is exposed. A risk register has been established which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measures taken to manage them.
The trustees review the risk register regularly at their meetings and are satisfied that systems are in place to manage the risks that may have been identified. In particular, insurance cover is in place and the finances of the Charity are kept under review.
Appropriate Disclosure & Barring Service check (DBS) training undertaken; and regular reviewed policies are done for all those who work with children or other vulnerable groups with the Charity.
Structure, governance and management
The organisation is charitable company limited by guarantee, incorporated on 12th May 1999 and registered as a charity on 08th March 2000.
CAPITAL TRAINING AND DEVELOPMENT NETWORK
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2021
The Trustees is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements
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comply with the Companies Act 2006. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102)
Approved by order of the board of trustees and signed by it's trustee by:
Signed……………………………………….. Date………………………… Rev'd Joseph Oladosu For Trustees
CAPITAL TRAINING AND DEVELOPMENT NETWORK
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEE OF CAPITAL TRAINING AND DEVELOPMENT NETWORK
FOR THE YEAR ENDED 31 MARCH 2021
I report on the financial statements for the year ended 31 March 2021, which are set out on pages 5 to 10.
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RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINERS
The charity's trustee is responsible for the preparation of the financial statements. The Charity's trustee consider that an audit is not required for this year under Section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.
The Charity's gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of IFA.
BASIS OF INDEPENDENT EXAMINERS' REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the financial statements present a true and fair view; and the report is limited to those matters set out in the statements below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
(1) Which gives me reasonable cause to believe that, in any material respect, the requirements which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed........................................ Date.............................
Gregory Patrick Udeh, B.Sc. (Hons), AFA, FTA, ACCA(PQ), RMN
PEGASUS CONSULTANTS(UK) ACCOUNTANTS AND MANAGEMENT CONSULTANTS 13E GRENFELL ROAD MITCHAM SURREY CR4 2BZ
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CAPITAL TRAINING AND DEVELOPMENT NETWORK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
2021 2020 Notes £ £
Income Resources
| Incoming Resources from Generated Funds Resources Expended Administrative Total Resources Expended NET INCOMING RESOURCES RECONCILIATION OF FUNDS Total Funds Balances b/fwd Total Funds Balances c/fwd |
31,580 165,078 88,919 83,663 88,919 83,663 (57,339) 81,415 81,115 (300) 23,776 81,115 |
|---|---|
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CAPITAL TRAINING AND DEVELOPMENT NETWORK
BALANCE SHEET AS AT 31 MARCH 2021
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Cash at bank and in hand CREDITORS:Amounts Falling Due Within One Year 5 NET CURRENT ASSETS |
2021 2020 £ £ 13,296 73,116 13,650 13,650 (1,920) (2,901) 11,730 10,749 |
|---|---|
| TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS:Amounts Falling Due After One Year NET ASSETTS UNRESTRICTED FUNDS Incoming funds Unrestricted funds 6 |
25,026 83,865 (1,250) (2,750) 23,776 81,115 23,776 81,115 |
|---|---|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The financial statements were approved by the Board of trustees on …............................ and were signed on their behalf by:
APPROVED BY THE BOARD OF TRUSTEES AND SIGNED ON ITS BEHALF BY:
………………………….. Rev'd Joseph Oladosu Date……………………………
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CAPITAL TRAINING AND DEVELOPMENT NETWORK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accrual basis and has been classified under heads that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with their origin.
Grants offered subject to conditions which have not been met at the year end date are noted as commitments but not accrued as expenditure.
Taxation
The Charity is exempt from tax on its charitable activities.
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee.
2. INCOME: GRANTS & OTHER INCOME
| Grants and Other Income | 2021 2020 £ £ 31,580 165,078 31,580 165,078 |
|---|---|
3. STAFF COSTS
| Wages and Salaries Staff Training |
£ £ 8,206 15,600 1,016 5,913 9,222 21,513 |
|---|---|
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CAPITAL TRAINING AND DEVELOPMENT NETWORK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
4. TANGIBLE FIXED ASSETS
| COST/VALUATION Balance at 1 April 2020 Additions during the year Balance at 31 March 2021 DEPRECIATION Balance at 1 April 2020 Charged for the year Balance at 31 March 2021 |
Office Total Equipment £ £ 97,488 97,488 - - 97,488 97,488 24,372 24,372 59,820 59,820 84,192 84,192 |
|---|---|
| NET BOOK VALUE Balance at 31 March 2021 Balance at 31 March 2020 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 6. MOVEMENT IN FUNDS Unrestricted funds TOTAL FUNDS |
At 01/10/2020 £ 81,115 81,115 |
13,296 13,296 73,116 73,116 2021 2020 1,920 2,901 1,920 2,901 Net Move- 30/09/2021 ment in Funds £ £ (57,339) 23,776 (57,339) 23,776 |
|---|---|---|
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CAPITAL TRAINING AND DEVELOPMENT NETWORK DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2021
| INCOMING Incoming Resources from Generated Funds: Grants & Other Income Total Income Resources Resources Expended Administrative |
Year Ended Year Ended 30/09/2021 30/09/2020 £ £ 31,580 165,078 31,580 165,078 88,919 83,663 |
|---|---|
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| Total Resources Expended NET INCOMING RESOURCES RECONCILIATION OF FUNDS Total Funds Balances b/fwd Total Funds Balances c/fwd |
88,919 83,663 (57,339) 81,415 81,115 (300) 23,776 81,115 |
|---|---|
CAPITAL TRAINING AND DEVELOPMENT NETWORK
SCHEDULE TO THE PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2021
| Grants Total Incoming Resources Administrative Expenses Employee Costs: Wages and Salaries Staff Training Premises Costs: Rent and Rates Cleaning General Administrative Expenses: Bank Charges |
2021 £ 8,206 1,016 6,000 1,065 256 |
2021 £ 31,580 31,580 9,222 7,065 |
2020 £ 15,600 5,913 6,000 3,216 396 |
2020 £ 165,078 165,078 21,513 9,216 |
|---|---|---|---|---|
| General Expenses Printing, Postage and & Stationery Repairs and Maintenance Telephone & Internet Volunteer expenses Depreciation Travel expenses Legal and Professional Costs: Accounting & Book-keeping Other Professional Fees Total administrative expenses |
1,016 985 1,068 555 3,986 59,820 3,456 1,015 475 |
71,142 1,490 88,919 |
3,560 1,065 4,980 765 10,670 24,372 5,596 1,015 515 |
51,404 1,530 83,663 |
|---|---|---|---|---|
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57,693
57339
97488 18279
59820 61150
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