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2021-03-31-accounts

Contents
Chair and Chief Executive foreword
Trustees'
report
Statement ofresponsibilities
ofthe		 trustees ofSkills for Care (a company limited by guarantee) in respect ofthe
trustees'
report and the financial
statements		 17
Independent
Auditor's
Report to the		 Members ofSkills for Care Ltd 18
Consolidated
statement offinancial		 activities (inca&po& ating inconre and eipenditrn. e account and other
comprehe&rsive
income)		 21
Consolidated
group balance sheet
Company
balance sheet		 23
Consolidated
cash tlow statement		 24
Notes (fomri
&rgpart ofthefmancial		 statements) 25
Glossary ofterms 48

and other cotn prehe nsii
e		 income)
2021 2021 2021 2020
/Yo(e Unrestricted Restricted Total Total
Income
Trading
activities		 4 1,391,422 1,391,422 2,578,448
Investments 4 3,486 3,486 24.086
Charitable
activities		 70,076 33,889,395 33,959,471 33,374,488
Other income 45,074 45,074
Pension 4,/7 768,000 768,000 868.000
Total income 4, /4 2,27S,058 33,889,395 36,167,453 36,845,022
Raising funds 5 841,488 841,488 1„443,833
Investments 5 3,543 3,543 3,375
Charitable
activities		 5 2.S07,204 31,141,774 33,948,978 33,372,542
Pension 5, /7 550,000 550,000 1,367,000
Total resources expended 4,202,235 31,141,774 35+44,009 36,186,750
Net (outgoing)
/ incoming
resources before transfers		 (1,924,177) 2,747,621 823,444 658,272
Transfers 2,824,477 (2,824,477)
Net incoming / (outgoing)
resources 900,300 (76,856) 823,444 658,272
Othei
comp&ehensive		 inconte
Actuarial
loss		 on pension scheme l4. /7 (1,083,000) (1,083,000) (298,000)
Net unrealised investment gain 9, /4 3,956+41 3,956,341 438,S96
Net movement in funds 3,773,641 (76,856) 3,696,785 799,168
Total funds brought forvvard 25,847,561 767,946 26,615,507 25,816,339
Total funds carried fonvard 29,621,202 69],090 30,312,292 26,615,507

nt 31March 202 1
ill'ore 2021 2021 2020 2020
F
Fixed assets
Intangible
assets		 8 4,407,287 4,033,270
Tangible assets 8 121,347 203,851
Investnlents 9 32,023,044 28,066„703
36,551,678 32,303,824
Current assets
Stock 24,257 35,422
Debtors due within one year 1,168,529 1,355,409
Cash at bank in hand 11,266,720 10,873,970
12,459,506 12,264.801
Creditors: amounts falling due within one year (9,983,892) (10,065,734)
Net current assets 2,475,614 2,199,067
Total assets less current liabilities 39,027,292 34,502,891
Provision for liabilities and charges (100,000) (137,384)
Net assets before pension liability 38,927,292 34,365,507
Pension
liability		 17 (8,615,000) (7,750,000)
Net assets after pension liabiTity 30,312,292 26,615,507
Funds
Unrestricted
(before pension)		 l4 38,236,202 33,597„561
Pension liability l4 (8,615,000) (7,750,000)
Unrestricted
funds		 14 29,621,202 25,847,561
Restricted
funds		 l4 691,090 767,946
Total group funds l4,15 30+12,292 26,615.507

Company
bal		 anc e sheet
ttt31ll'larch 2021
tvote 2021 2021 2020 2020
Fised assets
Intangible
assets		 8 4,385,584 3,989,743
Tangible assets 8 121/47 203,851
Investments 9 32,023,044 28,066,703
Investment
in subsidiaries		 10 20,000 63,526
36,549,975 32,323,823
Current
assets
Debtors due within one year 1,196,950 1,836,511
Cash at bank and in hand 10,017,553 9,453,546
11,214,503 1 1,290,057
Creditors:
amounts		 falling due within one year (2 (8,759,292) (9,100,062)
Net current assets 2,455,211 2.189,995
Total assets less current liabilities 39,005,186 34,513,818
Provisions for liabilities and charges (100,000) (137,384)
Net assets before pension liability 38,905,186 34,376,434
Pension liability 17 (8,615,000) (7,750,000)
Net assets after pension liability 30,290,186 26,626,434
Funds
Unrestricted
(before		 pension) 14 38,214,096 33,608„488
Pension liability 14 (8,615,000) (7,750,000)
Unrestricted
funds		 14 29,599,096 25,858,488
Restricted
funds		 14 691,090 767,946
Total charitable
company funds		 30+90,186 26,626,434

&Vote 2021 2020
Net incoming
resources		 before transfers 823,444 658.272
&Idfust»&e»t fo&':
Depreciation
and amortisation		 5, 6,8 2,424,557 1,894,545
Disposal offixed assets 8 32,135
Interest income 4,6 (3,486) (24,086)
Net pension
movement		 W, 17 (218,000) 499,000
3,026,515 3 059866
Decrease in debtors 186,880 1,991,218
Decrease in stock 11,165 16+28
(Decrease) in creditors »2 (81,842) (2,913,361)
(Decrease) in dilapidations provision l3 (37,384)
Net cash from operating activities 3,105,334 2,153,951
Cash flows from investing activities
Interest received 4, 6 3,486 24,086
Acquisition of intangible fixed assets (2,634,964) (2,826,482)
Acquisition oftangible
fixed		 assets 8 (81,106)
Purchase ofinvestments 9, /0 (61,581)
Net cash from investing activities (2,712,584) (2„863„977)
Net increase l(decrease) in cash and cash equivalents 392,750 (710,026)
Cash and cash equivalents at I April 10,873,970 I1,583,996
Cash and cash equivalents at 31March 11+66,720 10,873,970
Analysis ofchanges in net debt
I April 2020 Cash flow Other non-cash change 31March 2021
Cash and cash equivalents 10,873,970 392,750 Nil 11,266,720

4.
Income
Group Group
2021 2020
Restricted
DHSC 27,127,343 26,839„183
Other funders 6,762,052 6,317,532
Total restricted
income		 33,889,395 33,156,715
Unrestricted
Trading activity (less trading bank interest) 1+91,422 2,578,448
Bank interest 3,486 24,086
Charitable
income		 70,076 217,773
Other income —Job retention scheme 45,074
FRS 102 pension income (&rote 17) 768,000 868,000
Total unrestricted income 2,278,058 3,688,307
Total income 36,167,453 36,845,022
Workforce revenue 23,470,000 23,300,000
Workforce capital 2,790,000 2,790,000
Workforce supporting
people		 with a learning disability and autism 579,996 203,877
Office ofthe Chief Social Worker 237447 299,183
Liberty Protection
Safeguards		 246,123
Supporting
personal		 relationships 50,000
Total DHSC restricted
income		 27,127,343 26,839,183
Dept for Education 5,810,793 4,449,863
Health Education
England		 453,261 ],515,820
NHS England 240,644 257,195
Local Authorities 61,996 15,665
Federation
for Industry
Sector Skills k Standards (FISSS)		 36,892
Registered Nursing Home Association 117,720
Other organisations 77,638 42,097
Total other restricted
income		 6,762,052 6„317,532
Total restricted income 33,889,395 33,156,715
Total unrestricted and restricted income 36,167,453 36,845,022

5.
T		 otal resources expended
Staff Other Group Group
costs costs Total Total
5(a) 2021 2020
Note
Trading activity cost ofraising funds 14 487,844 353,644 841,488 1,443,833
Investments 5b 3,543 3,543 3,375
Charitable activities 5c 8,507,644 25,441,334 33,948,978 33,372,542
Pension 17 (378,000) 928,000 550,000 1,367„000
Charitable activities 5c 8,133,187 26,369,334 34,502,521 34,742,917
Total resources expended 14 8,621,031 26,722,978 35,344,009 36,186,750
Unrestricted 474,147 3,728,088 4,202,235 5,457,703
Restricted 8,146,884 22,994,890 31,141,774 30,729,047
5d 8,621,031 26,722,978 35+44,009 36,186,750
Support cost s which cann ot be attributed
directly have been allocated as f		 ollows:
2021 2020
Trading activities 58,892 61,272
Investment 3,543 3,375
Charitable activities 456,144 454,795
Total 518,579 519,442
This includes governance costs off138,544 (2020EI13,947)

NofCS (co&&tint&en')
5.
Total resources expended		 (co»tinned)
2021 7020
1&lotes
Payroll costs 7 8,621,031 9,332,336
Agency costs 7 39,604 50&283
Training
and recruitment		 88,747 96,688
Travel 23&277 580,548
Contracts
and consultancy		 2,501,470 2&373,647
Disbursements 18,410,906 17,136,102
Graduate
bursaries		 411,774
Workshops
and meetings		 28,650 476,141
Board and committees 5,429 7,634
Conferences
and exhibitions		 15,019 173,751
Rent, rates, utilities and lease termination 1,243,162 1,070,604
Insurance 32&129 19.121
Cleaning
arid maintenance		 38,420 49,866
Sofhvare, telecoms and equipment 219,175 460,093
IT leases, rentals and licenses 407,441 312,258
Postage and courier 44,393 91„377
Printing
and stationery		 55,157 223,071
Subscriptions
and publications		 39,680 39,702
Promotion
and advertising		 24&791 146,084
Fees paid to external
auditors		 41,296 48,676
Accountancy
and legal costs		 121,490 80,753
Bad debt provision (9,900) 72,257
Corporate office costs 85 4.234
Pension interest 17 928,000 1,033,000
Loss on sale ofassets 2,205
Depreciation
and amortisation		 2,424,557 1,894,545
Total resources expended 35,344,009 36,186,750

Net incoming
resources		 before transfers
a		 s shown in the consolida ted
statemen		 t offina ncial activities is sta ted:
Group
2021 2020
After clrarging:
Auditors'
remuneration		 - audit ofthese financial statements 30,956 35,200
Auditors'
remuneration		 - audit offinancial statements ofsubsidiaries 10/40 6,000
Auditors'
remuneration		 - taxation and compliance services 5,711 6,142
Internal
audit services		 —remuneration 40,249 26,713
Operating
lease rentals		 - buildings
and equipment		 1,062,814 997,537
Amortisation
ofgoodwill		 and intangible assets and depreciation oftangible fixed
assets (note 5and 8) 2,424,556 1,894,545
Loss on disposal ofassets 2,205
Other pension
interest		 (note 17and &rote 5) 928,000 1,033,000
And after c&'editing:
Bank interest receivable (note 4) 3,486 24,086
Other income
—FRS102 interest adjustment		 (note 17and note 4) 768,000 868,000

2021 2020
Key management
personnel		 (Leadership Team) 9
6
Programme
heads, project		 managers, heads ofareas and locality managers 101 102
Project management
office, engagement		 and other project support 40 41
Corporate
resources		 30 35
Digital and data analysts 22 23
SfCD UK partnership
hosted staff		 1 1
203 208
The aggregate
payroll cost		 ofthese persons during the period, analysed by category, was as fol!ows:
2021 2020
Gross salaries 8,306,376 8,261,446
Labour costs capitalised (994,771) (869,402)
7,311,605 7,392,044
Employer's
social security		 costs 849,882 844,836
Employer's
pension costs (before FRS102adjustments)		 837,544 761,456
8,999,031 8,998,336
Employer's
pension contributions		 including one offlump sum payments (1,086,000) (760,000)
Current service cost 708,000 806,000
Past service cost 288,000
8,621,031 9,332,336

Insurance Contribution
(NIC)) feil within each of		 the following
bands was:
2021 2020 2020
Restated
excluding
E'rs
contributions
f60,001 -f70,000 3 12
f70,001 -f80,000 2 9
680,001 —f90,000 2
K90,001 -f130,000 3
f,130,001 - 6150,000 1
The trustees consider that the offic ers and me mbers
liability
insurance
is a		 dequate.
Trustee directors'
emoluments		 2021 2020
Aggregate
emoluments
(including		 employer's NIC) (pension anil) 38,620 38,641
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9.
Investments
Group and Company 2021 2020
Cost Bid value Cost Bid value
At beginning
ofyear (note 9u)		 21,471,432 28,066,703 21„334,851 27,491,226
Additions
during the year (note 9b)		 136,581 136,581
Unrealised
gain in year		 3,956,341 438,896
At end ofyear 21,471,432 32,023,044 21,471,432 28,066,703

Subsidiary Registered
office		 Company Principal Country of Percentage
undertakings registered activity registration ofordinary
number shares held
Skills for Care
Solutions Limited		 West Gate, 6 Grace
Street, Leeds LS2
2RP		 07938138 Trading England
Wales		 and 100
Affina Organisation
Development
Limited		 West Gate, 6 Grace
Street, Leeds LS2
2RP		 4644495 Trading England
Wales		 and 100

2021 2020
Skills for Care AOD Total Total
Solutions
Turnover 874,811 557,885 1,432,696 2,585,468
Cost ofsales (301,890) (224,904) (526,794) (961,368)
Gross profit 572,921 332,981 905,902 1,624,100
Administrati
ve expenses		 (76,744) (237,162) (313,906) (482,465)
Operating
profit		 496,177 95,819 591,996 1,141,635
Interest receivable 554 5 559 2,640
Profit on ordinary
activities before
taxation 496,731 95,824 592,555 1,144,275
Tax on profit on ordinary activities (790)
Profit for the year 496,731 95,824 592,555 1,143,485
The profits of Skills for Care Solutions Limited and Affina Organisational
Development
Limited		 have been
donated to Skills for Care Ltd under gift aid.
Assets and liabilities: Skills for Care AOD 2021 2020
Solutions Total Total
Current assets 446,269 1,075,506 1,521,775 2,038,498
Current
liabilities		 (436,269) (1,065,102) (1,501,371) (2,0]8,094)
Total net assets 10,000 10,404 20,404 20,404
Called up share capital 10,000 10,000 20,000 20,000
Profit and loss account 404 404 404
Shareholders'
funds		 10,000 10,404 20,404 20,404

Group Company Company
2021 2020 2021 2020
Trade debtors 1,054,308 1,028,145 837,939 578,310
Amounts owed by group undertakings 250,Z46 1,063,439
Prepayments, other debtors and accrued 114,221 327,264 108,765 194,762
income
1,168,529 1,355,409 1,196,950 1,836,511
12. Creditors: amounts falling due within one year
Group Company
2021 2020 2021 2020
Trade creditors 272,976 383,674 218,258 333,910
Other creditors 399,290 912,709 252,420 657,581
Accruals (note 12a) 7,617,068 7,088,787 7,572,047 6,975,642
Deferred income (note 127b) 1,694,558 1,680,614 716,567 1,132.929
9,983,892 10,065,734 8,759,292 9,100,062

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~ODinvestment Igoodwill :
investment		 not a mortised
representing
 nominal
value ofshares,
2021 2020
14c)Free reserves
Made ttp oftlie following designations detai ledi n 14d)c
FRS102pension 8,615,000 7,750,000
SfC closure 7,100,265 7,986,357
SfC business plan and strategy 6,197,214 4,458,553
Lease renewal 958,205 2,388,534
AOD business continuity! cumulative return on investment 141,824 47,193
Dilapidation
reserve		 100,000 137,384
Dilapidation
accrued		 (100,000) (137,384)
SfCD business
continuity		 133,051 124,541
AOD reserves 404
23,145&963 22,755,178

Commitments
under non-can		 cellabl e
operating
leases		 are as follov s ;
2021 2020
Land and Other Land and Other
buildings buildings
Operatr'rrg
leases iv!rere pavnrents		 are dae:
Within one year 319,402 9,258 805,050 28,890
Within second to fifth years 931,588 13,547 2,271,485 27.536
1,250,990 22,805 3&076,535 56,426
16.
Analysis ofgroup		 net assets between funds
tVote Restricted Unrestricted Total
funds
f.
Tangible fixed assets 8a 121,347 121,347
Intangible
assets		 8a 4,407,287 4,407,287
Investments 9 32,023,044 32,023,044
Current assets 8,220,833 4,238,671 12&459,504
Creditors falling due within one year 12 (7,529,743) (2,454,149) (9,983,892)
Creditors falling due after more than one year 17 (8,715,000) (8,715,000)
Net assets as at 31March 2021 691,090 29,621,200 30,312490
A'et assets as at 311lIarclr 2020 767,946 25,847,561 26,615,507
17.
Pension schemes

17. Pension schemes (continued) (continued) (continued)
Key assumptions
(%per		 annum) 2021 2020 2019
Discount rate for liabilities 2.1 2 3 24
Customer Price Index (CPI) inflation 2.7 '7 p 2.2
Pension increases 2.7 2 0 2.2
Pension accounts revaluation rate 2.7 20 27
Salary increases 3.95 3 25 3.45
Mortality assumptions
The mortality
assumptions		 are based on the recent actual mortality experience ofmembers
within the Fund		 and
allow for expected future mortality improvements. Sample life expectancies resulting fiom these mortality
assumptions
are shown below.
Assumed life expectancy at age 65 Z021 2020
Males
Member aged 65 at accounting date 21.9 21.8
Member aged 45 at accounting date 22.6 22 5
Females
Member aged 65 at accounting date 24.7 24.6
Member aged 45 at accounting date 25.8 25.7
Asset allocation 2021 2020
0/
Equities 78.9 77.5
Property 4 4.5
Government
bonds		 9 9.6
Corporate bonds 4.8 5.1
Cash 1.3 1.9
Other"* 2 1.4
Total 100 100
~*The administrating
authority
may invest a small portion ofthe fun
employers
participating
in the fund ifit forms part oftheir balanced		 ~*The administrating
authority
may invest a small portion ofthe fun
employers
participating
in the fund ifit forms part oftheir balanced		 d's investments
in the assets o
investment
strategy.		 fsome ofthe
Reconciliation
offunded status to balance sheet		 2021 2020
f,'000 X'000
Fair value ofassets 41,268 32,877
Present value ofdefined benefit obligation (49,883) (40,627)
Pension (liability) recognised on the balance sheet (8,615) (7,750)

The split ofthe liabilities at the last val uation
da		 te betw een the va rious categories ofmemb ers
was as follows:
2021 2P20
0/
Active members 37 37
Deferred pensioners 28
Pensioners 35 35
Amount
recognised
in		 the income statement 2021 2020
1,"000 X'000
Operating
cost
Current service cost 708 806
Past service cost 76
Past service cost —2018/19 McCloud and GMP indexation 212
Financing cost
Interest on net defined benefit liability/(asset) 160 165
Pension expense recognised
in profit		 and loss 868 1,259
Allowance
for administration
expenses		 included in current service cost K 000
Amounts
recognised
in		 other comprehensive income 2021 2020
K'000 X'000
Asset gains
/ (losses) arising during		 period 6,859 (3,867)
Liability (losses) / gains arising during period (8,160) 3,569
Total amount recognised in other comprehensive income and (charged) to SOFA (1,301) (298)
Changes to the present value ofthe defined benefit obligation 2021 2020
f'000 K'000
Opening
defined benefit		 obligation 40,627 43,402
Current service cost 708 806
Interest expense on defined benefit obligation 928 1,033
Contributions
by participants		 156 167
Rc-mcasurentent
gains /		 (losses) on liabilities 8,160 (3,569)
Net benefits paid out (696) (1,500)
Past service cost 76
Past service costs —2018/19 McCloud and Guaranteed Minimum Pension indexation 212
Closing defined benefit obligation 49,883 40,627

Not CS (conti ntted)
17.
Pension schemes		 (eontituted)
Changes to the fair value of assets 2021 2020
f,'000 f.'000
Opening fair value ofassets 32,877 36,449
Prior year adjustment 218
Interest income in assets 768 868
Re-measurement
gains/(losses)		 on assets 6,859 (3,867)
Contributions
by employer		 *per note 5 1,086 760
Contributions
by participants		 156 167
Net benefits paid (696) (1,500)
Closing fair value ofassets 41,268 32,877
2021 2020
K'000 X'000
Actual return on assets
Interest income on assets 768 868
Gains / (Losses) on assets 6,859 (3,867)
Actual return on assets 7,627 (2,999)
2021 2020
K'000 f.'000
Amount
credited to other		 income
Interest income on assets 768 868
Interest cost (928) (1,033)
Net expected return on pension assets (160) (165)
Current service cost ~per note 5 (708) (806)
Past service cost (76)
Past service cost —2018/19 McCloud and GMP indexation (212)
Net amount credited
/ (charged) to statement offinancial activities (SOFA)		 (868) (1,259)

2021 are a s follo ws:
2022
f,'000
Current service costs 966
Net internal cost on net defined benefit liability 173
Total estimated pension expense 1,139
Allowance for administration expenses include in current service cost 6
Estimated pensionable payroll over period 2,126

Board
member		 Organisation Relationship
of
board member
with organisation		 Relationship
of
board member
with organisation		 Type ofcontracts awarded
to
organisation		 2021 2020
Suzie The Kings Employed
as		 Contract with AOD for work 24,959 Nil
Bailey Fund Director of completed
by Professor Michael
Leadership k. West to support the King's Fund
Organisational strategic priority
on Supporting
Development People and Leaders and work done
as part ofthe RCN Foundation
commissioned
research on the
mental
health
and wellbeing of
nurses and midv, ives.
Rachael Surrey County Executive Director Adults ASYE 22,815 13,664
Wardell Council ofChildren,
Families and
Lifelong Learning

Glossary ofterm s
A&R Audit &Risk Committee
ADASS Association ofDirectors ofAdult Social Services
AMC Annual
Management
Charge
AOD Affina Organisation
Development		 Limited
ASC-WDS Adult Social Care Workforce Dataset
ASYE Assessed
and Supported Year in Employment
BAME Black, Asian and Minority Ethnic
CEO Chief Executive Officer
COIF Charities Official Investment
Fund
CPA Care Provider Alliance
CPI Customer
Pierce Index
CQC Care Quality Commission
DfE Department
for Education
DHSC Department
ofHealth and Social Care
Department
ofWork and Pensions
F&GP Finance &General Purposes Committee
FISSS Federation
for Industry
Sector Skills & Standards
FRS Financial Reporting
Standard
FTE Full Time Equivalent
GDS Government
Digital Service
Guaranteed
Minimum
Pension
Health Education England
HEEKSS Health Education
England
for Kent,		 Surrey and Sussex
ICS Integrated
Care System
Individual
Employer
Infection Prevention
Control
KPI Key Performance
Indicator
LCIC Leading Change, Improving
Care
LGA Local Government
Association
LGPS Local Government
Pension Scheme
LT Leadership
Team
LTAPS Leading Together across Public Services
MHCLG Ministry ofHousing,
Communities		 &Local Government
NAAS National
Assessment
and Accreditation		 System
Nati onal Health Service
NHSLA NHS Leadership
Academy
NIC National
Insurance
Contribution
NQSW Newly Qualified
Social Worker
Glossary ofterms (continued)
PA Personal
Assistant
PASS Professional
Assurance
(for cabinet office spend control)
PPE Personal Protective Equipment
QNI Queen's Nursing
Institute
RCOT Royal College ofOccupational Therapists
Registered
Manager
SCIE Social Care Institute
for Excellence
SfC Skills for Care Ltd
SfCD Skills for Care and Development
SfCSL Skills for Care Solutions Limited
SOFA Statement ofFinancial Activities
TLAP Think Local Act Personal
ULO User Lead Organisation
VAT Value Added Tax
Workforce Development Fund
Work Programme
Workforce Race Equality Standards
West Yorkshire Pension Fund