Ace Adult Community Education (Wigan) Limited
Charity No. 1091767
Company No. 02656905
Trustees' Report and Unaudited Accounts
31 March 2021
Ace Adult Community Education (Wigan) Limited Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Summary Income and Expenditure Account | 8 |
| Balance Sheet | 9 |
| Statement of Cash flows | 10 |
| Notes to the Accounts | 11 to 17 |
| Detailed Statement of Financial Activities | 18 to 19 |
Page 1
Ace Adult Community Education (Wigan) Limited Trustees Annual Report
Ace Adult Community Education (Wigan) Limited
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 02656905
Charity No. 1091767
Registered Office
Queens Hall Market Street Wigan Lancashire WN1 1HX
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
N. Blackledge D. Gent J.A. Wilkinson
Accountants
ADC Accountants Limited 15 Market Street
Standish
Wigan Lancs WN6 0HW
Objectives of the Charity, Principle Activities and Organisation of our Work
The charity is constituted as a company limited by guarantee and is therefore governed by a Memorandum and Articles of Association.
ACE was founded in 1990 in response to the identified gap in education and training opportunities for adults with learning disabilities and mental health issues. ACE continues to fill a gap within the local market of care providers by offering lifelong learning opportunities to a client group that have been marginalised and excluded from post 25 education and training.
ACE supports individuals to become more self-reliant by offering individually tailored learning programmes covering a range of independent living skills. Our learning programmes enable students to get the best out of their lives, learning about how to use community facilities and integrate with others where they live. ACE: Explain the main activities undertaken to further the charity's purposes for the public benefit and include confirmation that the trustees have given due consideration to the Charity Commission's guidance on the public benefit requirement...
• Provides a flexible, person centred curriculum facilitating optimum use of local community resources;
Page 2
Ace Adult Community Education (Wigan) Limited Trustees Annual Report
• Provides, selects and uses appropriate resources to support an individual learning programme including opportunities for progression;
• Recruits and trains experienced well qualified staff to deliver an effective service based on individuals’ needs;
• Offers Life Skills courses (including for example Citizenship, Self-Advocacy, Using Transport, Digital Technology, Meal Preparation, Healthy Living, Employability) which lead to local and/or national accreditation;
- Provides a range of facilities to enhance personal development and advocacy skills;
• Establishes links with local schools, colleges and training providers to ease the student’s transition into adulthood and promote lifelong learning. These links help students to transfer easily into provision at ACE or to leave to pursue greater independence;
• Maintains links in local and national networks to promote the interests of people with learning disabilities and maintain awareness of related issues; and
• Support students to greater independence.
Financial Review
In the last year ACE faced acute financial risks: successive lockdowns and restrictions forced us to close and re-open our teaching sites, furlough all staff, ask volunteers to step down temporarily and cancel teaching sessions, apart from what could be reinvented online. Along with a grant, which was awarded to non-essential businesses, we were extremely grateful to receive Local Authority payments based on commissioned support hours, to preserve capacity in the service when we were allowed to resume in-person sessions.
Between 27th March 2020 and 1st September 2020 ACE was closed and all staff members were furloughed and most of their salary costs recovered through the Coronavirus Job Retention Scheme. A total of £35,108 was claimed from the CJRS in respect of staff. In addition, we were able to apply for a £10,000 Discretionary Business Grant to mitigate the impact of COVID-19 on the charity’s free reserves.
The Trustees are monitoring closely the impact of the pandemic on both short and longer-term operations. The Trustees are satisfied that there are sufficient funds in current bank accounts to continue operating and meet liabilities as they fall due, for the foreseeable future..
Students
Each student has a learning plan, which details their learning outcomes and includes statements of what the student is expected to know, understand and/or do as a result of learning at ACE. These vary considerably between individual students based on their aspirations and needs. Outcomes may include:
• The skills to live more independently and increased communication skills, confidence and autonomy, leading to improved resilience and reduced risk;
-
The ability to understand and develop healthy relationships with peers;
-
Qualifications which enable them to progress to further education;
• Increased independence and autonomy achieved through developing skills in using adaptive technology; and
• Gaining the employability skills, experience, and where appropriate, qualifications to obtain voluntary, supported or paid employment.
Staff
Page 3
Ace Adult Community Education (Wigan) Limited Trustees Annual Report
The Trustees recognise the essential role that staff and volunteers play in providing a high quality service. Every teaching session is led by an experienced Tutor who holds a relevant Level 5 teaching qualification, such as the Postgraduate Certificate in Education (PGCE), the Certificate in Education, and the professional recognition of Qualified Teacher Status (QTS) or Qualified Teacher Learning and Skills (QTLS). A Learning Support Officer supports the Tutor to ensure all students engage in learning and stay on task during the session or activity. All our staff and volunteers have been through an enhanced DBS check.
We are committed to building and developing the knowledge, skills and experience of all staff members and volunteers. The organisation understands that professional development and training contribute to the effectiveness and the quality of the service the team provides. Therefore, ACE provides training and development opportunities for all its employees and volunteers so that they can perform their work effectively and in a safe working environment.
Volunteers and Work Based Experience
As a charity ACE believes in fulfilling social aims such as creating jobs, providing volunteering opportunities and offering new skills and development to local people. We continue to offer placements for students from local and regional institutions, such as Wigan and Leigh College, St John Rigby College, Winstanley College, Salford University, Liverpool Hope University, Edge Hill University and Bolton University. The students are studying in the areas of teaching and health and social care at degree level or for qualifications such as BTEC.
Networks and Partnerships
ACE continuously develops mature and collaborative relationships not only with the students it supports but also with other partners, who are working closely with our students to develop care and support solutions. These include informal carers and families, a range of allied health professionals, other education providers, landlords, care providers and wider community connections, such as the police and DWP.
ACE has established local links with local groups from the Vocational, Community and Social Enterprise sector, community leaders and the Police. We bring community services into ACE to support teaching sessions and use our classroom facilities to support community events.
Our team have established good collaborative relationships with the Council. We propose regular review meetings to review contract KPI achievement reports on a quarterly basis with formal annual review, and to discuss ideas for service development initiatives and improvement. We continue to attend and contribute to Provider Forums and events held by the Council.
Structure Governance and Management
ACE is led by a voluntary management committee of Trustees and a Senior Tutor, who have a strong commitment to the staff and students. There is a strong vision, which is important in influencing a range of outcomes, including a low staff turnover that provides stability for our students. The Trustees and the Senior Tutor are highly visible role models with strong ethics, who focus on fairness, respect, diversity, equality and recognition. We ensure legal compliance and fair pricing, whilst treating students as equal partners in the management of the organisation.
The Trustees meet every 6 weeks and review significant events to drive continuous improvement. We take a proactive approach to performance management to prevent issues from occurring and to address emerging issues in the early stages through targeted action.
The Trustees are 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 comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
Ace Adult Community Education (Wigan) Limited Trustees Annual Report
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).
Signed on behalf of the board
D. Gent Trustee 08 December 2021
Page 5
Ace Adult Community Education (Wigan) Limited Independent Examiners Report
Independent Examiner's Report to the trustees of Ace Adult Community Education (Wigan) Limited
I report to the charity trustees on my examination of the accounts of Ace Adult Community Education (Wigan) Limited for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.
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 accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the accounts 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
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 accounts to be reached.
Mr Steven Hodson FCCA ACCA ADC Accountants Limited 15 Market Street Standish Wigan Lancs WN6 0HW 08 December 2021
Page 6
Ace Adult Community Education (Wigan) Limited Statement of Financial Activities
for the year ended 31 March 2021
| Notes Income and endowments from: Donations and legacies 4 Other trading activities 5 Investments 6 Other 7 Total Expenditure on: Other 8 Total Net gains on investments Net expenditure 9 Transfers between funds Net expenditure before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2021 £ 124 76,320 310 45,108 |
Total funds 2021 £ 124 76,320 310 45,108 |
Total funds 2020 £ (1) 142,871 374 - |
|---|---|---|---|
| 121,862 132,885 |
121,862 132,885 |
143,244 145,808 |
|
| 132,885 - |
132,885 - |
145,808 - |
|
| (11,023) - |
(11,023) - |
(2,564) - |
|
| (11,023) | (11,023) | (2,564) | |
| (11,023) 132,819 |
(11,023) 132,819 |
(2,564) 135,383 |
|
| 121,796 | 121,796 | 132,819 |
Page 7
Ace Adult Community Education (Wigan) Limited Summary Income and Expenditure Account
for the year ended 31 March 2021
| Income Interest and investment income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net expenditure before tax for the year Net expenditure for the year |
2021 £ 121,552 310 121,862 131,832 1,053 132,885 (11,023) (11,023) |
2020 £ 142,870 374 |
|---|---|---|
| 143,244 | ||
| 144,529 1,279 |
||
| 145,808 | ||
| (2,564) | ||
| (2,564) |
Page 8
Ace Adult Community Education (Wigan) Limited Balance Sheet
at 31 March 2021
| Company No. 02656905 Notes 2021 £ Fixed assets Tangible assets 11 4,345 4,345 Current assets Debtors 12 - Cash at bank and in hand 117,957 117,957 Creditors:Amount falling due within one year 13 (506) Net current assets 117,451 Total assets less current liabilities 121,796 Net assets excluding pension asset or liability 121,796 Total net assets 121,796 The funds of the charity Restricted funds 14 Unrestricted funds 14 General funds 121,796 121,796 Reserves 14 Total funds 121,796 |
2020 £ 5,118 |
|---|---|
| 5,118 9,600 118,415 |
|
| 128,015 (314) |
|
| 127,701 132,819 |
|
| 132,819 | |
| 132,819 | |
| 132,819 | |
| 132,819 | |
| 132,819 |
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.
Approved by the board on 08 December 2021
And signed on its behalf by:
D. Gent Trustee
08 December 2021
Page 9
Ace Adult Community Education (Wigan) Limited Statement of Cash flows for the year ended 31 March 2021
| Cash flows from operating activities Net expenditure per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Decrease/(Increase) in trade and other receivables Increase in trade and other payables Net cash used in operating activities Cash flows from investing activities Payments for property, plant and equipment Dividends, interest and rents from investments Net cash from/(used in) investing activities Net cash from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2021 £ (11,023) 1,053 (45,418) 9,600 192 (45,596) (280) 45,418 45,138 - (458) 118,415 117,957 117,957 117,957 |
2020 £ (2,564) 1,279 (374) (9,600) 315 |
|---|---|---|
| (10,944) (999) 374 |
||
| (625) | ||
| - | ||
| (11,569) | ||
| - | ||
| (11,569) | ||
| 118,415 | ||
| 118,415 |
Page 10
Ace Adult Community Education (Wigan) Limited Notes to the Accounts
for the year ended 31 March 2021
- 1 Accounting policies
Basis of preparation
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.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 11
Ace Adult Community Education (Wigan) Limited Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 12
Ace Adult Community Education (Wigan) Limited Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 13
Ace Adult Community Education (Wigan) Limited Notes to the Accounts
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Other trading activities Investments Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donations 5 Income from other trading activities Income from contracts Student fees |
Unrestricted £ 124 124 Unrestricted £ 64,765 11,555 76,320 |
Unrestricted funds 2020 £ 1 142,869 374 143,244 145,808 145,808 (2,564) (2,564) (2,564) 135,383 132,819 Total 2021 £ 124 124 Total 2021 £ 64,765 11,555 76,320 |
Total funds 2020 £ 1 142,869 374 |
| 143,244 145,808 |
|||
| 145,808 | |||
| (2,564) | |||
| (2,564) | |||
| (2,564) 135,383 |
|||
| 132,819 | |||
| Total 2020 £ (1) |
|||
| (1) | |||
| Total 2020 £ 131,026 11,845 |
|||
| 142,871 |
Page 14
Ace Adult Community Education (Wigan) Limited Notes to the Accounts
6 Income from investments
| Interest received 7 Other income Grant Income Furlough income 8 Other expenditure Employee costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 9 Net expenditure before transfers This is stated after charging: Depreciation of owned fixed assets 10 Staff costs Salaries and wages Social security costs Pension costs |
Unrestricted £ 310 310 Unrestricted £ 10,000 35,108 45,108 |
Total 2021 £ 310 310 Total 2021 £ 10,000 35,108 45,108 |
Total 2020 £ 374 |
|---|---|---|---|
| 374 | |||
| Total 2020 £ - - |
|||
| - | |||
| Unrestricted £ 100,254 21,560 1,053 8,158 1,860 132,885 2021 £ 1,053 98,764 145 1,345 100,254 |
Total 2021 £ 100,254 21,560 1,053 8,158 1,860 132,885 |
Total 2020 £ 107,885 22,859 1,279 11,925 1,860 |
|
| 145,808 | |||
| 2020 £ 1,279 104,112 2,188 1,585 |
|||
| 107,885 |
No employee received emoluments in excess of £60,000.
Page 15
Ace Adult Community Education (Wigan) Limited Notes to the Accounts
| 11 Tangible fixed assets Cost or revaluation At 1 April 2020 Additions At 31 March 2021 Depreciation and impairment At 1 April 2020 Depreciation charge for the year At 31 March 2021 Net book values At 31 March 2021 At 31 March 2020 12 Debtors Trade debtors 13 Creditors: amounts falling due within one year Other creditors |
Land £ 999 - 999 955 9 964 35 44 2021 £ - - 2021 £ 506 506 |
Fixtures, Fittings & equipment £ 93,147 280 93,427 88,073 1,044 89,117 4,310 5,074 |
Total £ 94,146 280 |
|
|---|---|---|---|---|
| 94,426 | ||||
| 89,028 1,053 |
||||
| 90,081 | ||||
| 4,345 | ||||
| 5,118 | ||||
| 2020 £ 9,600 |
||||
| 9,600 | ||||
| 2020 £ 314 |
||||
| 314 | ||||
| 14 Movement in funds Restricted funds: Unrestricted funds: General funds Revaluation Reserves: Total funds |
At 1 April 2020 132,819 132,819 |
Incoming resources (including other gains/losses ) £ 121,862 121,862 |
Resources expended £ (132,885) (132,885) |
At 31 March 2021 £ 121,796 |
| 121,796 |
Page 16
Ace Adult Community Education (Wigan) Limited Notes to the Accounts
15 Analysis of net assets between funds
| Fixed assets Net current assets Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 April 2020 £ |
Unrestricted funds £ 4,345 117,451 121,796 Cash flows £ |
Total £ 4,345 117,451 |
|---|---|---|---|
| 121,796 | |||
| At 31 March 2021 £ |
|||
| 118,415 | (458) | 117,957 | |
| 118,415 118,415 |
(458) (458) |
117,957 | |
| 117,957 | |||
| Commitments Operating lease commitments Annual commitments under non-cancellable operating leases 2021 Land and buildings £ Operating leases with expiry date: Pension commitments The pension cost charge to the company amounted to: |
are as follows: 2021 Other £ 2021 £ 1,345 |
2020 Land and buildings £ |
2020 Other £ 2020 £ 1,585 |
16 Reconciliation of net debt
17 Commitments
18 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 17
Ace Adult Community Education (Wigan) Limited Detailed Statement of Financial Activities
for the year ended 31 March 2021
| Income and endowments from: Donations and legacies Donations Other trading activities Income from contracts Student fees Investments Interest received Other Grant Income Furlough income Total income and endowments Expenditure on: Employee costs Salaries/wages Employer's NIC Pension costs Premises costs Rent General administrative costs, including depreciation and amortisation Depreciation of land and buildings Depreciation of Bank charges Equipment repairs and maintenance General insurances Information and publications Sundry expenses Telephone, fax and broadband Legal and professional costs |
Unrestricted funds 2021 £ 124 124 64,765 11,555 76,320 310 310 10,000 35,108 45,108 121,862 98,764 145 1,345 100,254 21,560 21,560 9 1,044 407 1,922 1,998 2,057 338 1,436 9,211 |
Total funds 2021 £ 124 124 64,765 11,555 76,320 310 310 10,000 35,108 45,108 121,862 98,764 145 1,345 100,254 21,560 21,560 9 1,044 407 1,922 1,998 2,057 338 1,436 9,211 |
Total funds 2020 £ (1) |
|---|---|---|---|
| (1) | |||
| 131,026 11,845 |
|||
| 142,871 | |||
| 374 | |||
| 374 | |||
| - - |
|||
| - | |||
| 143,244 104,112 2,188 1,585 |
|||
| 107,885 | |||
| 22,859 | |||
| 22,859 | |||
| 11 1,268 466 1,029 1,979 6,496 585 1,370 |
|||
| 13,204 | |||
Page 18
Ace Adult Community Education (Wigan) Limited Detailed Statement of Financial Activities
| Ace Adult Community Education (Wigan) Limited Detailed Statement of Financial Activities |
|||
|---|---|---|---|
| Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net expenditure Net expenditure before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
1,860 1,860 132,885 132,885 - (11,023) (11,023) - (11,023) 132,819 121,796 |
1,860 1,860 132,885 132,885 - (11,023) (11,023) - (11,023) 132,819 121,796 |
1,860 |
| 1,860 | |||
| 145,808 | |||
| 145,808 - |
|||
| (2,564) | |||
| (2,564) - |
|||
| (2,564) | |||
| 135,383 | |||
| 132,819 |
Page 19