REGISTERED COMPANY NUMBER: 04896217 (England and Wales) REGISTERED CHARITY NUMBER: 1101756
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2020
for Central England Proficiency Testing Limited
A D Accounts (Trusts) Limited Rural Enterprise Centre Vincent Carey Road Rotherwas Hereford Herefordshire HR2 6FE
Central England Proficiency Testing Limited
Contents of the Financial Statements for the Year Ended 31 August 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
Central England Proficiency Testing Limited
Report of the Trustees for the Year Ended 31 August 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's objectives are the advancement of education and training by means of collaboration with the City and Guilds Network in the administration of schemes of Proficiency Tests, Vocational Qualifications of Competence, Certificates of Qualifications and other such awards in agriculture, horticulture, forestry and other industries within the UK. All charitable activities are undertaken to further charitable purposes for the public benefit.
Public benefit
In drafting this report, the trustees have complied with the duty in Section 4 of the Charities Act 2011, to have due regard to public benefit guidance published by the Charity Commission.
ACHIEVEMENT AND PERFORMANCE
Overall review
The economic consequences of Covid 19 to the national economy is considerable and has naturally effected student and adult training. So with a dramatic reduction in registration numbers it is of no surprise that CEPT has shown a small loss for this trading year. The loss as a proportion of our reserve capital is very small and gives vindication to the Trustees conservative and prudent management during the good years.
FINANCIAL REVIEW
Reserves policy
At 31 August 2020 "free reserves", being unrestricted funds other than fixed assets amounted to £121,733 (2019 - £125,627). The charity aims to retain free reserves sufficient to provide adequate working capital to fund its core activities.
FUTURE PLANS
The charity will continue to operate in accordance with its charitable activities.
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.
Recruitment and appointment of new trustees
Recruitment is done by personal contacts and if need be, advertising. After approval by the Board of Trustees, the new Trustees' appointment is ratified at the Annual General Meeting.
Organisational structure
Day to day responsibility of the charitable company is delegated to a staff team.
Induction and training of new trustees
After appointment all new Trustees fill in relevant forms for the Charity Commissioners and Companies House, plus conflict of interest, skills audit and acknowledge their responsibilities.
Related parties
Central England Proficiency Testing Limited is part of the City and Guilds Network.
Page 1
Central England Proficiency Testing Limited
Report of the Trustees for the Year Ended 31 August 2020
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04896217 (England and Wales)
Registered Charity number
1101756
Registered office
Rural Enterprise Centre Vincent Carey Road Rotherwas Hereford Herefordshire HR2 6FE
Trustees
B M Pipe L E Goodall Chairman C W Antrobus A Baxter J Everest Ms A C Gibb P A Rees (appointed 25.11.19)
Company Secretary
B R Lancaster
Independent Examiner
A D Accounts (Trusts) Limited Rural Enterprise Centre Vincent Carey Road Rotherwas Hereford Herefordshire HR2 6FE
Administrator
Pauline Harcourt
Bankers
Natwest Bank The Round House 2 Bridge Street Evesham Worcester WR11 4RS
Approved by order of the board of trustees on 10 December 2020 and signed on its behalf by:
L E Goodall - Trustee
Page 2
Independent Examiner's Report to the Trustees of Central England Proficiency Testing Limited
Independent examiner's report to the trustees of Central England Proficiency Testing Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity's trustees of the Company (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 Company 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of 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
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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.
Allan James Davies F.C.C.A. A D Accounts (Trusts) Limited Rural Enterprise Centre Vincent Carey Road Rotherwas Hereford Herefordshire HR2 6FE
11 December 2020
Page 3
Central England Proficiency Testing Limited
Statement of Financial Activities for the Year Ended 31 August 2020
| 2020 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Examinations 97,952 Investment income 2 86 Total 98,038 EXPENDITURE ON Charitable activities 3 Examinations 101,936 NET INCOME/(EXPENDITURE) (3,898) RECONCILIATION OF FUNDS Total funds brought forward 125,631 TOTAL FUNDS CARRIED FORWARD 121,733 |
2019 Total funds £ 175,122 103 175,225 177,812 (2,587) 128,218 125,631 |
|---|---|
The notes form part of these financial statements
Page 4
Central England Proficiency Testing Limited
Balance Sheet 31 August 2020
| 2020 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 - CURRENT ASSETS Debtors 9 7,958 Cash at bank 123,409 131,367 CREDITORS Amounts falling due within one year 10 (9,634) NET CURRENT ASSETS 121,733 TOTAL ASSETS LESS CURRENT LIABILITIES 121,733 NET ASSETS 121,733 FUNDS 11 Unrestricted funds 121,733 TOTAL FUNDS 121,733 |
2019 Total funds £ 4 20,387 113,060 133,447 (7,820) 125,627 125,631 125,631 125,631 125,631 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
Central England Proficiency Testing Limited
Balance Sheet - continued 31 August 2020
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 10 December 2020 and were signed on its behalf by:
L E Goodall - Trustee
The notes form part of these financial statements
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Central England Proficiency Testing Limited
Notes to the Financial Statements for the Year Ended 31 August 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
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.
Expenditure
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer & office equipment - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Deposit account interest | 86 | 103 |
continued...
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Central England Proficiency Testing Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
3. CHARITABLE ACTIVITIES COSTS
| Examinations 4. DIRECT COSTS OF CHARITABLE ACTIVITIES Examiners' fees Examiners' travel expenses 5. SUPPORT COSTS Management £ Examinations 27,109 Support costs, included in the above, are as follows: Administrator's fees Insurance Sundries Telephone Printing, postage & stationery Accountancy fees Office equipment Depreciation of tangible and heritage assets Profit/Loss on sale of asset Bank charges Training costs Independent examiners' fee Secretarial fees |
Direct Support Costs (see costs (see note 4) note 5) £ £ 71,025 30,911 2020 £ 66,969 4,056 71,025 Governance Finance costs £ £ 130 3,672 2020 Examinations £ 22,266 1,626 193 - 260 2,548 411 - (195) 130 - 1,672 2,000 30,911 |
Totals £ 101,936 |
Totals £ 101,936 |
|---|---|---|---|
| 2019 £ 119,731 9,269 |
|||
| 129,000 | |||
| Totals £ 30,911 2019 Total activities £ 37,206 1,778 257 1,366 995 2,622 495 152 - 183 150 1,608 2,000 48,812 |
Totals £ 30,911 |
||
| 48,812 |
continued...
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Central England Proficiency Testing Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Independent examiners' fee | 1,672 | 1,608 |
| Depreciation - owned assets | - | 153 |
| Surplus on disposal of fixed assets | (195) | - |
7. TRUSTEES' REMUNERATION AND BENEFITS
The following trustees received payment of assessment and other fees during the period.
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| J Everest | 222 | 816 |
| J Priscott | - | 564 |
| A C Gibb | 923 | 1,347 |
| P Rees | 380 | - |
B R Lancaster received £2,000 (2019 - £2,000) in relation to secretarial fees during the year.
The charity's administrator, who is not directly employed by the charity, was paid £22,802 (2019 - £40,376). Included in the total amount paid was £22,266 (2019 - £37,206) relating to administration fees and £536 (2019 - £3,170) for expenses incurred.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
continued...
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Central England Proficiency Testing Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
| 8. TANGIBLE FIXED ASSETS COST At 1 September 2019 Disposals At 31 August 2020 DEPRECIATION At 1 September 2019 Eliminated on disposal At 31 August 2020 NET BOOK VALUE At 31 August 2020 At 31 August 2019 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accruals and deferred income |
Computer & office equipment £ 3,927 (3,927) - 3,923 (3,923) - - 4 2020 2019 £ £ 6,350 18,692 1,608 1,695 7,958 20,387 2020 2019 £ £ 5,454 3,720 4,180 4,100 9,634 7,820 |
|
|---|---|---|
continued...
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Central England Proficiency Testing Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
11. MOVEMENT IN FUNDS
| At 1.9.19 £ Unrestricted funds General fund 125,631 TOTAL FUNDS 125,631 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 98,038 TOTAL FUNDS 98,038 Comparatives for movement in funds At 1.9.18 £ Unrestricted funds General fund 128,218 TOTAL FUNDS 128,218 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 175,225 TOTAL FUNDS 175,225 |
Net movement At in funds 31.8.20 £ £ (3,898) 121,733 (3,898) 121,733 Resources Movement expended in funds £ £ (101,936) (3,898) (101,936) (3,898) Net movement At in funds 31.8.19 £ £ (2,587) 125,631 (2,587) 125,631 Resources Movement expended in funds £ £ (177,812) (2,587) (177,812) (2,587) |
|---|---|
continued...
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Central England Proficiency Testing Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.9.18 £ 128,218 128,218 |
Net movement in funds £ (6,485) (6,485) |
At 31.8.20 £ 121,733 |
|---|---|---|---|
| 121,733 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 273,263 273,263 |
Resources Movement expended in funds £ £ (279,748) (6,485) (279,748) (6,485) |
Resources Movement expended in funds £ £ (279,748) (6,485) (279,748) (6,485) |
|---|---|---|---|
| (6,485) |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2020.
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Central England Proficiency Testing Limited
Detailed Statement of Financial Activities for the Year Ended 31 August 2020
| INCOME AND ENDOWMENTS Investment income Deposit account interest Charitable activities Examinations Total incoming resources EXPENDITURE Charitable activities Examiners' fees Examiners' travel expenses Support costs Management Administrator's fees Insurance Sundries Telephone Printing, postage & stationery Accountancy fees Office equipment Computer equipment Profit/Loss on sale of asset Finance Bank charges Human resources Training costs Governance costs Independent examiners' fee Secretarial fees Total resources expended Net expenditure |
2020 £ 86 97,952 98,038 66,969 4,056 71,025 22,266 1,626 193 - 260 2,548 411 - (195) 27,109 130 - 1,672 2,000 3,672 101,936 (3,898) |
2019 £ 103 175,122 175,225 119,731 9,269 129,000 37,206 1,778 257 1,366 995 2,622 495 152 - 44,871 183 150 1,608 2,000 3,608 177,812 (2,587) |
|---|---|---|
This page does not form part of the statutory financial statements
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