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|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Charity,|its Trustees and Advisers||
|Trustees'
Report||||2-8|
|Independent
Auditors'|Report|on the Financial Statements||9-12|
|Statement of Financial|Activities|||13|
|Balance Sheet||||14|
|Statement ofCash Flows||||15|
|Notes to the Financial|Statements|||16-32|
|Trustees|||C D Morecroft (resigned 7September 2022)|C D Morecroft (resigned 7September 2022)|C D Morecroft (resigned 7September 2022)|
|---|---|---|---|---|---|
||||H Woolf|||
||||S L Holmes|(appointed|7 September 2022)|
||||SJ Jellyman|(appointed 7September 2022)||
||||G Desai (resigned 7September 2022)|||
||||0 E Burke|||
||||A S Hanufi (appointed||7September 2022)|
||||M Throssell|(resigned|16 May 2022)|
||||D Dawson
(resigned 7||September 2022)|
||||S Henson
(resigned 7||September 2022)|
||||SAjayi (resigned 7September 2022)|||
||||J M Hodges|(appointed|7September 2022)|
||||D Anderson|(appointed|7September 2022)|
|Company|registered|||||
|number|||05479207|||
|Charity registered||||||
|number|||1113382|||
|Registered||office|Aldersley
House|||
||||Pendeford
Business Park|||
||||Wolverhampton|||
||||West Midlands|||
||||NN9 5HA|||
|Company|secretary||VTaylor|||
|Chief executive officer|||K Kerswell|||
|Independent||auditors|Dains Audit|Limited||
||||15Colmore|Row||
||||Birmingham|||
||||B32BH|||
|Bankers|||Unity Trust Bank pic|||
||||PO Box1487|||
||||Stafford|||
||||ST163GJ|||
|Solicitors|||Freeths LLP|||
||||The Colmore|Building||
||||20 Colmore|Circus||
||||Queensway|||
||||Birmingham|||
||||B46AT|||
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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||11months|11 months|12months|
|||||ended|ended|ended|
|||||31August|31August|30September|
|||||2022|2022|2021|
||||Note|E|F|E|
|Income from:|||||||
|Charitable
activities||||1,601,646|1,601,646|1,792,267|
|Investments||||35,605|35,605|31,515|
|Total income||||1,637,251|1,637,251|1,823,782|
|Expenditure
on:|||||||
|Charitable
activities||||1,449,955|1,449„955|1,382,125|
|Transfer ofassets||||3,136,642|3,136,642||
|Total expenditure||||4,586,597|4,586„597|1,382,125|
|Net (expenditure)/income||before net (losses)/gains|||||
|on investments||||(2,949,346)|(2,949,346)|441,657|
|Net (losses)/gains|on investments|||(90,837)|(90,837)|72,505|
|Net movement
in|funds|||(3,040,183)|(3,040,183)|514,162|
|Reconciliation
of|funds:||||||
|Total funds
brought|forward|||3,316,016|3,316,016|2,801,854|
|Net movement
in funds||||(3,040,183)|(3,040,183)|514,162|
|Total funds carried forward||||275,833|275,833|3,316,016|
##
|||||||30|
|---|---|---|---|---|---|---|
|||||31August||September|
|||||2022||2021|
|||Note||E|||
|Fixed assets|||||||
|Intangible
assets||11||20,140||31,367|
|Tangible assets||12||||939,046|
|Investments||13||||731,395|
|||||20,140||1,701,808|
|Current assets|||||||
|Debtors||14|244,689||300,315||
|Cash at bank and in hand|||100,100||1,507,414||
||||344,789||1,807,729||
|Creditors: amounts|falling due within one||||||
|year||15|(89,096)||(193,521)||
|Net current assets||||255,693||1,614,208|
|Total net assets||||275,833||3,316,016|
|Charity funds|||||||
|Unrestricted
funds||16||275,833||3,316,016|
|Total funds||||275,833||3,316,016|
|||||||||12months|
|---|---|---|---|---|---|---|---|---|
||||||||11months|ended|
||||||||ended|30|
||||||||31August|September|
||||||||2022|2021|
|||||||Note|E|E|
|Cash flows from operating|||activities||||||
|Net cash|used
in operating|activities||||18|(1,405,277)|412,482|
|Cash flows from investing|||activities||||||
|Purchase|of intangible
assets|||||||(19,700)|
|Purchase|oftangible
fixed assets||||||(10,249)|(24,379)|
|Proceeds|from sale of investments||||||447,716|450,227|
|Purchase|of investments||||||(439,505)|(348,125)|
|Proceeds|from transfer ofassets||||||1||
|Net cash|(used in)/provided||by investing||activities||(2,037)|58,023|
|Change|in cash and cash|equivalents||in|the period||(1,407,314)|470,505|
|Cash and|cash equivalents|at the beginning|||ofthe period||1,507,414|1,036,909|
|Cash and cash equivalents|||at the end|of|the period|19|100,100|1,507,414|
|The notes on pages 16to 32|||form part ofthese financial statements||||||
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|||||Total|
|---|---|---|---|---|
|||Unrestricted|Total|funds|
|||funds|funds|12months|
|||11months|11months|ended|
|||ended|ended|30|
|||31August|31August|September|
|||2022|2022|2021|
|||E|E|E|
|Registration|fees|1,601,646|1,601,646|1,784,092|
|Job Retention Scheme grant||||8,175|
|||1,601,646|1,601,646|1,792,267|
##
|||||Total|
|---|---|---|---|---|
|||Unrestricted|Total|funds|
|||funds|funds|12 months|
|||11months|11months|ended|
|||ended|ended|30|
|||31August|31August|September|
|||2022|2022|2021|
|||F|E||
|Rental|income|35,605|35,605|31,515|
##
##
|||Activities|||Total|
|---|---|---|---|---|---|
|||undertaken|Support|Total|funds|
|||directly|costs|funds|12months|
|||11months|11months|11months|ended|
|||ended|ended|ended|30|
|||31August|31August|31August|September|
|||2022|2022
f.|2022|2021f|
|Direct costs||1,301,623|85,247|1,386,870|1,382,125|
|Restructuring|costs||63,085|63,085||
|||1,301,623|148,332|1,449,955|1,382,125|
|Total 2021||1,321,864|60,261|1,382,125||
|||||||Total|
|---|---|---|---|---|---|---|
||||||Total|funds|
||||||funds|12 months|
||||||11months|ended|
||||||ended|30|
||||||31August|September|
||||||2022f|2021f|
|Staff costs|||||877,178|922,009|
|Depreciation|||||51,292|45,151|
|Quality|reviewer and external||moderation|costs|115,761|111,624|
|Establishment||costs|||182,310|169,296|
|Subscriptions||and licence fees|||69,082|67,784|
|Annual|bursaries||||6,000|6,000|
||||||1,301,623|1,321,864|
##
|||||Total|
|---|---|---|---|---|
||||Total|funds|
||||funds|12months|
||||11months|ended|
||||ended|30|
||||31August|September|
||||2022|2021|
|Restructuring|costs||63,085||
|Communications|||25,730|14,791|
|Travel expenses||and conference fees|19,521|3,182|
|Miscellaneous|||2,291|2,466|
|Governance|costs||37,705|39,822|
||||148,332|60,261|
##
||||||||Total|
|---|---|---|---|---|---|---|---|
|||||Unrestricted||Total|funds|
||||||funds|funds|12 months|
||||||11months|11months|ended|
||||||ended|ended|30|
||||||31August|31August|September|
||||||2022|2022|2021|
|||||||F||
|Transfer ofassets to Aim Qualifications|||and Assessment|||||
|Group|||||3,136,642|3,136,642||
|Auditors'|remuneration|||||||
||||||||12 months|
|||||||11months|ended|
|||||||ended|30|
|||||||31August|September|
|||||||2022|2021|
|||||||E|E|
|Fees payable to the charity's||auditor for|the audit ofthe|Charity's|annual|||
|accounts||||||7,500|7,200|
##
##
|||||||12months|
|---|---|---|---|---|---|---|
|||||11|months|ended|
||||||ended|30|
|||||31|August|September|
||||||2022|2021|
||||||F||
|Wages and|salaries|||734,846||777,748|
|Social security costs|||||77,888|77,962|
|Contribution|to defined|contribution|pension schemes||64,444|66,299|
|||||877,178||922,009|
||||||12months|
|---|---|---|---|---|---|
||||11|months|ended|
|||||ended|30|
||||31|August|September|
|||||2022|2021|
|||||No.|No.|
|Average|number|ofemployees||23|24|
|||12months|
|---|---|---|
|11|months|ended|
||ended|30|
|31|August|September|
||2022|2021|
||No.|No.|
##
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##
|Intangible
assets||||
|---|---|---|---|
||Website|||
||development|Computer||
||costs|software|Total|
|Cost||||
|At 1 October 2021|24,999|7,200|32,199|
|At 31August 2022|24,999|7,200|32,199|
|Amortisation||||
|At 1 October 2021|832||832|
|Charge for the year|9,028|2,199|11,227|
|At 31August 2022|9,860|2,199|12,059|
|Net book value||||
|At 31August 2022|15,139|5,001|20,140|
|At 30September 2021|24,167|7,200|31,367|
##
##
||Freehold|Fixtures and|Office|Computer||
|---|---|---|---|---|---|
||property|fittings|equipment|equipment|Total|
||E|F||F|E|
|Cost||||||
|At 1 October 2021|1,194,062|87,943|5,647|68,249|1,355,901|
|Additions||6,107||4,142|10,249|
|Disposals|(1,194,062)|(94,050)|(5,647)|(72,391)|(1,366,150)|
|At 31August 2022||||||
|At 1 October 2021|310,614|58,133|5,198|42,910|416,855|
|Charge for the period|22,242|6,057|449|11,317|40,065|
|On disposals|(332,856)|(64,190)|(5,647)|(54,227)|(456„920)|
|At 31August 2022||||||
|Net book value||||||
|At 31August 2022||||||
|At 30September 2021|883,448|29,810||25,339|939,046|
##
##
||||30|
|---|---|---|---|
|||31August|September|
|||2022|2021|
|||E||
|Trade debtors||167,208|203,462|
|Prepayments|and accrued income|77,481|96,853|
|||244,689|300,315|
##
##
|||||||||30|
|---|---|---|---|---|---|---|---|---|
||||||||31August|September|
||||||||2022|2021|
||||||||E||
|Trade creditors|||||||24,868|38,391|
|Other creditors|||||||10,052|8,144|
|Accruals|and deferred||||income||54,176|146,986|
||||||||89,096|193,521|
|||||||||30|
||||||||31August|September|
||||||||2022|2021|
||||||||E.|E|
|Deferred||income|||||||
|Deferred|income at|||1 October 2021|||105,781|58,454|
|Resources||deferred||during the period||||105,781|
|Amounts|released||from previous|||periods|(105,781)|(58,454)|
|||||||||105,781|
##
||Balance at 1|||||Balance at|
|---|---|---|---|---|---|---|
||October
2021
E|Income|Expenditure
E|Transfers
in/outf|Gains/
(Losses)|31August
2022|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Tangible fixed|||||||
|assets|939,046||(949,295)|10,249|||
|Investments|731,395||(640,558)||(90,837)||
|Investment
in|||||||
|digital|||||||
|technologies|50,000|||(50,000)|||
|Building future|||||||
|closer working|||||||
|relationships|50,000||(50,000)||||
|Business|||||||
|Continuity|30,000||(13,085)|(16,915)|||
|Intangible
fixed|||||||
|assets|31,367||(11,227)|||20,140|
||1,831,808||(1,664,165)|(56,666)|(90,837)|20,140|
|General funds|||||||
|General
Funds|1„484,208|1,637,251|(2,922,432)|56,666||255,693|
|Total|||||||
|Unrestricted|||||||
|funds|3,316„016|1,637„251|(4,586,597)||(90,837)|275,833|
##
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##
|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at|||||30|
||1 October
2020|Income|Expenditure|Transfers
in/out|Gains/
(Losses)|September
2021|
|||E|||||
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Tangible fixed|||||||
|assets|958,986|||(19,940)||939,046|
|Investments|747,891|||(16,496)||731,395|
|Investment
in|||||||
|digital|||||||
|technologies|50,000|||||50,000|
|Building future|||||||
|closer working|||||||
|relationships|50,000|||||50,000|
|Business|||||||
|Continuity|30,000|||||30,000|
|Intangible
fixed|||||||
|assets||||31,367||31,367|
||1,836,877|||(5,069)||1,831,808|
|General funds|||||||
|General Funds|964,977|1,823,782|(1,382,125)|5,069|72,505|1,484,208|
|Total|||||||
|Unrestricted|||||||
|funds|2,801,854|1,823,782|(1,382,125)||72,505|3,316,016|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||31August|31August|
|||2022|2022|
||||F|
|Intangible|fixed assets|20,140|20,140|
|Current assets||344,789|344,789|
|Creditors|due within one year|(89,096)|(89,096)|
|Total||275,833|275,833|
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||30|30|
|||September|September|
|||2021|2021|
||||E|
|Tangible|fixed assets|939,046|939,046|
|Intangible|fixed assets|31,367|31,367|
|Fixed asset investments||731,395|731,395|
|Current assets||1,807,729|1,807,729|
|Creditors|due within one year|(193,521)|(193,521)|
|Total||3,316,016|3,316,016|
##
##
##
||||||||||12months|
|---|---|---|---|---|---|---|---|---|---|
|||||||||11months|ended|
|||||||||ended|30|
|||||||||31August|September|
|||||||||2022|2021|
|||||||||F||
|Net
income/expenditure|||for|the|period|(as per Statement|of Financial|||
|Activities)||||||||(3,040,183)|514,162|
|Adjustments|for:|||||||||
|Depreciation|charges|||||||40,065|44,319|
|Amortisation|charges|||||||11,227|832|
|Gains on investments||||||||82,626|(85,607)|
|Proceeds from the transfer of||||trade and assets||||1||
|Loss on the|transfer|oftrade and assets||||||1,549,786||
|Decrease/(increase)||in debtors||||||55,626|(104,578)|
|Increase/(decrease)||in creditors||||||(104,425)|43,354|
|Net cash provided||by/(used||in) operating||activities||(1,405„277)|412,482|
||||||||30|
|---|---|---|---|---|---|---|---|
|||||||31August|September|
|||||||2022|2021|
|||||||f.|E|
||Cash|in|hand|||100,100|1,507,414|
||Total|cash and cash||equivalents||100,100|1,507,414|
|20.|Analysis||ofchanges|in net debt||||
||||||At 1|||
||||||October||At 31|
||||||2021|Cash flows|August 2022|
|||||||E||
||||||E|||
||Cash|at|bank and in hand||1,507,414|(1,407,314)|100,100|
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