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 2021
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 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
Central England Proficiency Testing Limited
Report of the Trustees for the Year Ended 31 August 2021
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 2021. 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
After the unprecedented economic consequences of Covid 19 and the disruption this has caused to the education and training establishments, this last year has shown a very strong "return to form" with the charity returning to an operating profit. With confidence returning to the sector and our strong financial reserves, the charity is hopeful of returning to its additional charitable works and donations this coming year.
FINANCIAL REVIEW
Reserves policy
At 31 August 2021 "free reserves", being unrestricted funds other than fixed assets amounted to £128,610 (2020 - £121,733). 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 2021
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
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 11 October 2021 and signed on its behalf by:
L E Goodall - Trustee
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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 2021.
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
12 October 2021
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Central England Proficiency Testing Limited
Statement of Financial Activities for the Year Ended 31 August 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Examinations 171,394 Investment income 2 4 Total 171,398 EXPENDITURE ON Charitable activities 3 Examinations 164,521 NET INCOME/(EXPENDITURE) 6,877 RECONCILIATION OF FUNDS Total funds brought forward 121,733 TOTAL FUNDS CARRIED FORWARD 128,610 |
2020 Total funds £ 97,952 86 98,038 101,936 (3,898) 125,631 121,733 |
|---|---|
The notes form part of these financial statements
Page 4
Central England Proficiency Testing Limited
Balance Sheet 31 August 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Debtors 8 15,291 Cash at bank 121,548 136,839 CREDITORS Amounts falling due within one year 9 (8,229) NET CURRENT ASSETS 128,610 TOTAL ASSETS LESS CURRENT LIABILITIES 128,610 NET ASSETS 128,610 FUNDS 10 Unrestricted funds 128,610 TOTAL FUNDS 128,610 |
2020 Total funds £ 7,958 123,409 131,367 (9,634) 121,733 121,733 121,733 121,733 121,733 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.
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 11 October 2021 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 2021
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.
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 | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Deposit account interest | 4 | 86 |
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continued...
Central England Proficiency Testing Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
3. CHARITABLE ACTIVITIES COSTS
| Examinations 4. DIRECT COSTS OF CHARITABLE ACTIVITIES Examiners' fees Examiners' travel expenses 5. SUPPORT COSTS Management £ Examinations 44,673 Support costs, included in the above, are as follows: Administrator's fees Insurance Sundries Printing, postage & stationery Accountancy fees Office equipment Profit/Loss on sale of asset Bank charges Independent examiners' fee Secretarial fees |
Direct Support Costs (see costs (see note 4) note 5) £ £ 116,023 48,498 2021 £ 108,304 7,719 116,023 Governance Finance costs £ £ 125 3,700 2021 Examinations £ 40,374 1,698 - 2 2,520 79 - 125 1,700 2,000 48,498 |
Totals £ 164,521 2020 £ 66,969 4,056 71,025 Totals £ 48,498 2020 Total activities £ 22,266 1,626 193 260 2,548 411 (195) 130 1,672 2,000 30,911 |
|---|---|---|
continued...
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Central England Proficiency Testing Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Independent examiners' fee | 1,700 | 1,672 |
| 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.
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| J Everest | - | 222 |
| A C Gibb | 385 | 923 |
| P Rees | 6,079 | 380 |
B R Lancaster received £2,000 (2020 - £2,000) in relation to secretarial fees during the year.
The charity's administrator, who is not directly employed by the charity, was paid £40,416 (2020 - £22,802). Included in the total amount paid was £40,374 (2020 - £22,266) relating to administration fees and £42 (2020 - £536) for expenses incurred.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments |
2021 £ 13,577 1,714 15,291 |
2020 £ 6,350 1,608 7,958 |
|---|---|---|
continued...
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Central England Proficiency Testing Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Accruals and deferred income 10. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.9.20 £ 121,733 121,733 Incoming resources £ 171,398 171,398 At 1.9.19 £ 125,631 125,631 |
2021 2020 £ £ 3,979 5,454 4,250 4,180 8,229 9,634 Net movement At in funds 31.8.21 £ £ 6,877 128,610 6,877 128,610 Resources Movement expended in funds £ £ (164,521) 6,877 (164,521) 6,877 Net movement At in funds 31.8.20 £ £ (3,898) 121,733 (3,898) 121,733 |
|---|---|---|
continued...
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Central England Proficiency Testing Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 98,038 98,038 |
Resources Movement expended in funds £ £ (101,936) (3,898) (101,936) (3,898) |
Resources Movement expended in funds £ £ (101,936) (3,898) (101,936) (3,898) |
|---|---|---|---|
| (3,898) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.9.19 £ 125,631 125,631 |
Net movement in funds £ 2,979 2,979 |
At 31.8.21 £ 128,610 |
|---|---|---|---|
| 128,610 |
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 £ 269,436 269,436 |
Resources Movement expended in funds £ £ (266,457) 2,979 (266,457) 2,979 |
Resources Movement expended in funds £ £ (266,457) 2,979 (266,457) 2,979 |
|---|---|---|---|
| 2,979 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
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Central England Proficiency Testing Limited
Detailed Statement of Financial Activities for the Year Ended 31 August 2021
| 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 Printing, postage & stationery Accountancy fees Office equipment Profit/Loss on sale of asset Finance Bank charges Governance costs Independent examiners' fee Secretarial fees Total resources expended Net income/(expenditure) |
2021 £ 4 171,394 171,398 108,304 7,719 116,023 40,374 1,698 - 2 2,520 79 - 44,673 125 1,700 2,000 3,700 164,521 6,877 |
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) |
|---|---|---|
This page does not form part of the statutory financial statements
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