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||Page||
|---|---|---|
|Reference and Administrative
Details|||
|Report ofthe Trustees|2 to|7|
|Report ofthe Independent
Auditors|S to|10|
|Statement of Financial
Activities|||
|Balance Sheet|12||
|Cash Flow Statement|13||
|Notes to the Cash Flow Statement|14||
|Notes to the Financial Statements|15 to|22|
##
##
|TRUSTEES|S N Lough||Chair||||||
|---|---|---|---|---|---|---|---|---|
||SJ Cooke||||||||
||K Boswell||||||||
||C N Anyadi||||||||
||S Higgins||||||||
||T Miller||||||||
||R Toguri||||||||
||SYarrow|(appointed||||24.9.20)|||
||B Hobkinson
(appointed||||||24.9.20)||
|COMPANY SECRETARY|A D Rigby||||||||
|REGISTERED OFFICE|CAN Mezzanine|||Borough|||||
||7-14Great||Dover|Street|||||
||London||||||||
||SE1 4YR||||||||
|REGISTERED COMPANY|04422128||(England|||and|Wales)||
|NUMBER|||||||||
|REGISTERED CHARITY NUMBER|1095328||||||||
|AUDITORS|Clemence||Hoar Cummings||||||
||Chartered||Accountants||||and Statutory|Auditor|
||Riverside|House|||||||
||1-5Corno||Street||||||
||Romford||||||||
||Essex||||||||
||RM7 7DN||||||||
|BANKERS|Co-operative
Bank
P0 Box 101|||||PLC|||
||1 Balloon|street|||||||
||Manchester||||||||
||M60 4EP||||||||
|CEO|Elisabeth|Paulson|||(from||April 2021)||
||George Kearney-Bambridge
(interim|||||||CEO from|
||December||2020 to||April||2021)||
||Jennie Butterworth|||||(until|December|2020)|
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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|funds|funds|funds|
|||||Notes||f|6|E|
|INCOII/IE AND ENDOWMENTS|||FROM||||||
|Donations
and legacies||||2|79,950||79,950|50,490|
|Charitable
activities||||3|||||
|Community-Apprentice||programmes|||191,230|465,514|656,744|747,573|
|Other income||||||~7755|~7755|23,651|
|Total|||||271,180|473,269|744,449|821,714|
|EXPENDITURE ON|||||||||
|Raising funds||||||65,625|65,625|87,446|
|Charitable
activities|||||||||
|Community-Apprentice||programmes|||11,132|590,145|601,277|674,341|
|Total|||||11,132|665,770|666,902|761,787|
|NET INCOME/(EXPENDITURE)|||||260,048|(182,501)|77,547|59,927|
|Transfers
between|funds|||18|~182501)|182,501|||
|Net movement
in funds|||||77,547||77,547|59,927|
|RECONCILIATION
OF||FUNDS|||||||
|Total funds brought|forward||||366,324|38,845|405,169|345,242|
|TOTAL FUNDS CARRIED FORWARD|||||~443 871|38,845|~482 716|405,169|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|ResVicted|Total|Total|
||Notes|fund
f|funds
f|funds
f|fundsf|
|CURRENT ASSETS||||||
|Debtors|14|25,734||25,734|43,773|
|Cash at bank||~655834|38,845|~694679|555,693|
|||681,568|38,845|720,413|599,466|
|CREDITORS||||||
|Amounts
falling due within one year|15|(224,697)||(224,697)|(181,297)|
|NET CURRENT ASSETS||~456 871|38,845|~495716|418,169|
|TOTAL ASSETS LESSCURRENT||||||
|LIABILITIES||456,871|38,845|495,716|418,169|
|PROVISIONS FOR LIABILITIES|17|(13,000)||(13,000)|(13,000)|
|NET ASSETS||~443 871|~38 845|~482 716|405, 169|
|FUNDS|18|||||
|Unrestricted
funds
Restricted funds||||443,871
38,845|366,324
~38845|
|TOTAL FUNDS||||~482 716|~405 169|
##
||||||Notes|2021
5|2020
f|
|---|---|---|---|---|---|---|---|
|Cash flows from||operating|activities|||||
|Cash generated|from operations||||1|138,986|57,183
~5,500)|
|Net cash provided||by operating||activities||138,986|50,683|
|Change
in cash||and cash|equivalents|||||
|in the reporting||period||||138,986|50,583|
|Cash and cash|equivalents||at|the||||
|beginning
ofthe||reporting|period|||~555693|505,010|
|Cash and cash|equivalents||at|the end||||
|ofthe reporting||period||||~694679|~555 693|
##
##
|RECONCILIATION|OF NET INCOME TO|OF NET INCOME TO|NET CASH FLOW FROIi/I|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|---|
|||||2021|2020|
||||||5|
|Net income for the|reporting|period (as|per the Statement of|||
|Financial Activities)||||77,547|59,927|
|Adjustments
for:||||||
|Decrease
in debtors
Increase/(decrease)|in creditors|||18,039
~43400|48,370
~51,114)|
|Net cash provided|by operations|||~138 986|57,183|
##
|ANALYSIS OF CHANGES
IN NET F|UNDS|||
|---|---|---|---|
||At 1.8.20
p|Cash flow
f|At 31.7.21
f|
|Net cash||||
|Cash at bank|~555693|~138986|~694679|
||~555693|~138986|~694679|
|Total|~555 693|138,986|694,679|
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|DONATIONS
AND LEG|ACI|ES|||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||||f|
|Donations
Gift aid|||||72,710
~7240|46,470
4,020|
||||||~79 960|~50 490|
|INCOME FROM CHARITABLE|||ACTIVITIES||||
|||Activity|||2021
f|2020
f|
|Grants||Community-Apprentice||programmes|631,144|705,073|
|Consultancy
School contributions||Community-Apprentice
Community-Apprentice||programmes
programmes|5,600
~20 100|3,000
~39500|
||||||~656 744|747 573|
|Grants received,
included|in|the|above, are as follows:||||
||||||2021|2020|
||||||f||
|Home Office's Serious Violence|||Unit|||30,000|
|The Careers and Enterprise||Company|||55,377|39,262|
|Other Grants|||||417,017|317,561|
|Jack Petchey Foundation|||||3,750|750|
|The Cooperative
Foundation||||||132,500|
|St.James's Place Foundation||||||35,000|
|John Laing Charitable
Trust|||||30,000|30,000|
|The Frank Jackson Foundation|||||10,000|10,000|
|The Elizabeth
and Prince|Zaiger||Trust||5,000|5,000|
|The Haberdashers'
Company||||||30,000|
|The William Wates Memorial||Trust|||10,000|10,000|
|Paul Hamlyn
Foundation|||||50,000|30,000|
|The Dulverton
Trust|||||40,000|30,000|
|The Vintners'
Company
The Worshipful
Company|of|Grocers|||5,000
~6000|5,000|
||||||~631 144|705,073|
##
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|5.|RAISING FUNDS|RAISING FUNDS|||||||
|---|---|---|---|---|---|---|---|---|
||Raising donations||and legacies||||||
||||||||2021|2020|
||||||||f|f|
||Staff costs
Other fundraising|costs|||||58,857
~6768|75,964
11,482|
||||||||65625|87446|
|6.|CHARITABLE ACTIVITIES COSTS||||||||
|||||||Direct|Support||
|||||||Costs (see|costs (see||
|||||||note 7)
f|note 8)
f|Totals
f|
||Community-Apprentice|||programmes||392,130|209,147|601,277|
|7.|DIRECT COSTS OF||CHARITABLE ACTIVITIES||||||
||||||||2021|2020|
||||||||f.|f|
||Staff costs||||||343,107|436,829|
||Other direct costs||||||7,011|5,742|
||Direct costs||||||42,012|62 803|
||||||||~392 130|~505 374|
|8.|SUPPORT COSTS||||||||
||||||||Governance||
||||||Management
f|Finance|costs|Totals
f|
||Community-Apprentice|||programmes|~190585|~6296|~12 266|209,147|
||Support costs, included|||in the above, are as follows:|||||
||||||||2021|2020|
|||||||Community-Apprentice||Total|
||||||||Programmes
f.|activities
f|
||Wages||||||111,552|89,140|
||Rent and rates||||||46,834|40,337|
||Insurance||||||1,504|1,225|
||Computer
consumables||||||26,205|18,711|
||Office consumables||||||2,556|3,200|
||Sundries||||||1,934|3,860|
||Bad debt||||||6,296||
||Governance
staff costs||||||5,265|3,882|
||Auditors'
remuneration||||||5,134|4,800|
||Auditors'
remuneration|||for non audit work|||||
||||||||1,683||
||Bank charges||||||184|270|
||Accountancy|||||||3,542|
||||||||~209 147|~168967|
##
##
##
|Net income/(expenditure)|Net income/(expenditure)|is stated after charging/(crediting):|||
|---|---|---|---|---|
||||2021|2020|
||||f|f|
|Auditors'|remuneration||5,134|4,800|
|Auditors'|remuneration|for non audit work|~1683||
##
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##
##
|STAFF COSTS|||
|---|---|---|
||2021|2020|
||6|f|
|Wages and salaries|456,930|533,901|
|Social security costs
Other pension costs|39,281
~22 570|45,279
~26 635|
||~518781|~605 815|
|The average|monthly
number
ofemployees
during th|e year was as follows:||
|---|---|---|---|
|||2021|2020|
|Programme|coordination|15|18|
|Fundraising||1|2|
|||16|20|
|The
num
260,000|ber
of employees
whose
employee
b
was:|enefits
(excluding
employer
pension
co|sts) excee|
|---|---|---|---|
|||2021|2020|
|660,001|—F70,000||1|
##
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||a contribution
towards
t|he Community-Apprentice
programmes.|he Community-Apprentice
programmes.|he Community-Apprentice
programmes.|||
|---|---|---|---|---|---|---|
|13.|COMPARATIVES
FOR|THE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||||Unrestricted|Restricted|Total|
|||||fund|funds|funds|
|||||f|f||
||INCOME AND ENDOWMENTS||FROM||||
||Donations
and legacies|||50,490||50,490|
||Charitable
activities||||||
||Community-Apprentice|programmes||97,811|649,762|747,573|
||Other income||||23651|~23651|
||Total|||148,301|673,413|821,714|
||EXPENDITURE ON||||||
||Raising funds|||557|86,889|87,446|
||Charitable
activities||||||
||Community-Apprentice|programmes||5,312|669,029|674,341|
||Total|||5,869|755,918|761,787|
||NET INCOME/(EXPENDITURE)|||142,432|(82,505)|59,927|
||Transfers
between funds|||~116447)|116,447||
||Net movement
in funds|||25,985|33,942|59,927|
||RECONCILIATION
OF|FUNDS|||||
||Total funds brought
forward|||340,340|4,902|345,242|
||TOTAL FUNDS CARRIED FORWARD|||366325|38,844|405,169|
|14.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||||
||||||2021|2020|
||||||f|f|
||Prepayments
and accrued income||||~25 734|43,773|
||Prspayments
and accrued income includes accrued income off15,105(2020:||||f28,926)||
||Accrued income||||||
||Movements
in the year||||2021
f|2020
f|
||Accrued income at 1 August 2020||||28,926|73,861|
||Released
during
the year||||(28,926)|(73,861)|
||Arising
in the year||||151D5|28,926|
||Balance at 31 July 2021||||15,105|28,926|
##
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|CREDITORS:|AMOU|NTS
FALLING DUE WITHIN ON|E YEAR||
|---|---|---|---|---|
||||2021|2020|
|||||f|
|Social security
Accruals and|and other taxes
deferred
income||11,040
~213657|10,702
170595|
||||~224 697|~181 297|
|Accruals and deferred
inco|Accruals and deferred
inco|me includes
deferred|income of|f198,167(2020:|fI51,036)||
|---|---|---|---|---|---|---|
|Movements
in the year|||||||
||||||2021|2020|
||||||f|f|
|Deferred income|at 1 August 2020||||151,036|204,400|
|Released
during
the year
Arising
in the year|||||(151,036)
198161|(204,400)
151,036|
|Balance at 31 July 2021|||||198161|151,036|
|LEASING AGREEMENTS|||||||
|Minimum
lease payments||under non-cancellable|operating|leases fall due as follows:|||
||||||2021|2020|
||||||f|f|
|Within one year
Between one and|five years||||13,304
~9548|17,113
17320|
||||||22,852|34433|
|PROVISIONS FOR LIABILITIES|||||||
||||||2021
f|2020
f|
|Provisions|||||~13000|~13 000|
|IIIIOVEMENT
IN FUNDS|||||||
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.8.20
f|in funds
f|funds
f|31.7.21
f|
|Unrestricted
funds|||||||
|General
fund|||366,324|260,048|(182,601)|443,871|
|Restricted funds|||||||
|London||||(75,838)|75,838||
|Birmingham||||(26,122)|26,122||
|Bristol
National
programmes|||~38845|(80,541)|80,541|38,845|
||||38,845|~182,501)|~182501|~38845|
|TOTAL FUNDS|||405,169|77,547||~482 716|
##
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|Net mov|ement|in funds,
included
in the a|bove are as follows:|||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources
f|expended
f|in funds
f|
|Unrestricted||funds||||
|General|fund||271,180|(11,132)|260,048|
|Restricted funds||||||
|London|||216,311|(292,149)|(75,838)|
|Birmingham
Bristol|||150,026
106,932|(176,148)
~187473)|(26,122)
~80541)|
||||473,269|~655770)|~182501)|
|TOTAL|FUNDS||~744 449|~666,902)|~77 547|
##
|Compar|atives|for movement
in f|unds||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.8.19
8|in funds
f|funds
f|31.7.20
8|
|Unrestricted||funds|||||
|General|fund||340,340|142,431|(116,447)|388,324|
|Restricted funds|||||||
|London||||(38,497)|38,497||
|Birmingham||||(1,598)|1,598||
|Bristol
National|programmes||4,902|(76,352)
~33 943|76,352|38845|
||||4,902|~82,504|~116447|~38845|
|TOTAL|FUNDS||345242|59,927||405,159|
|Compara|tive|net movement
in funds, inclu|ded
in the above are as follows:|||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources
f|expended
f|in funds|
|Unrestricted||funds||||
|General|fund||148,301|(5,870)|142,431|
|Restricted funds||||||
|London|||208,585|(245,082)|(38,497)|
|Birmingham|||214,453|(216,051)|(1,598)|
|Bristol
National|programmes||152,375
100,000|(228,727)
~66,057)|(76,352)
33,943|
||||~873413|~755,917)|82,504|
|TOTAL|FUNDS||821 714|~761,787)|59,927|
##
##
|A curren|t yea|r 12 months
and prior|year 12 months
combined|position
is as f|ollows:||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.8.19|in funds|funds|31.7.21|
||||f|||E|
|Unrestricted||funds|||||
|General|fund||340,340|402,479|(298,948)|443,871|
|Restricted funds|||||||
|London||||(114,335)|114,335||
|Birmingham||||(27,720)|27,720||
|Bristol||||(156,893)|156,893||
|National|programmes||4,902|33,943||38845|
||||4,902|~265,005|298,948|38845|
|TOTAL|FUNDS||345,242|137,474||482 716|
|above a|re a|s follows:||||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources
f|expended
f|in funds
8|
|Unrestricted||funds||||
|General|fund||419,481|(17,002)|402,479|
|Restricted||funds||||
|London|||422,896|(537,231)|(114,335)|
|Birmingham|||364,479|(392,199)|(27,720)|
|Bristol
National|programmes||259,307
100,000|(416,200)
~66,057)|(156,893)
~33943|
||||1,146,682|(1~411L687|~265,005)|
|TOTAL|FUNDS||1 566 163|(1428,689)|137474|
##
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