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|---|---|---|---|---|
|Reference and administrative||details ofthe Company,|its Trustees and advisers||
|Trustees' report||||2-4|
|Independent
auditors'|report|on the financial statements||5-7|
|Statement offinancial|activities||||
|Balance sheet|||||
|Statement ofcash flows||||10|
|Notes to the financial|statements|||11 - 24|
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|Trustees|||Judith Keene||
|---|---|---|---|---|
||||Julia Wolff||
||||Debbie Austin||
||||Helen Attree, Chair||
||||Angie Farmer||
||||Barry Austin||
||||John Lucas||
|Company|registered||||
|number|||6362939||
|Charity registered|||||
|number|||1122536||
|Registered||office|Unit 2 Hanley Workshops||
||||Hanley Road||
||||Haniey Swan||
||||Worcester||
||||WR6 ODX||
|Independent||auditors|Bishop Fleming|LLP|
||||Chartered
Accountants||
||||1-3College Yard||
||||Worcester||
||||WR1 2LB||
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|||||||As restated|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Note|2020
6|2020f|2020|2019
6|
|Income from:|||||||
|Donations
and legacies|||330|26,978|27,308|25,541|
|Charitable
activities|||1,432,333||1,432,333|926,005|
|Other trading
activities|||13,880||13,880|16,741|
|Investments|||269||269|1|
|Total income|||1,446,812|26,978|1,473,790|968,288|
|Expenditure
on:|||||||
|Raising funds|||9,312||9,312|4,004|
|Charitable
activities|||1,174,118|26,978|1,201,096|952,836|
|Total expenditure|||1,183,430|26,978|1,210,408|956,840|
|Net movement
in funds|||263,382||263,382|11,448|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||278,534||278,534|267,086|
|Net movement
in funds|||263,382||263,382|11,448|
|Total funds carried|forward||541,916||541,916|278,534|
||||||As restated|
|---|---|---|---|---|---|
|||||2020|2019|
||||Note||8|
|Fixed assets||||||
|Tangible assets|||12|171,980|186,396|
|||||171,980|186,396|
|Current assets||||||
|Debtors|||13|7,864|24,193|
|Cash at bank and in||hand||415,197|368,552|
|||||423,061|392,745|
|Creditors: amounts|falling due within one|||||
|year|||14|(53,125)|(300,607)|
|Net current assets||||369,936|92,138|
|Total assets less current liabilities||||541,916|278,534|
|Net assets excluding||pension asset||541,916|278,534|
|Total net assets||||541,916|278,534|
|Charity funds||||||
|Restricted
funds|||16|||
|Unrestricted
funds|||16|541,916|278,534|
|Total funds||||541,916|278,534|
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||||||2020f|2019
F|
|---|---|---|---|---|---|---|
|Cash flows from operating|activities||||||
|Net cash used
in operating|activities||||50,687|287,257|
|Cash flows from investing|activities||||||
|Interest received|||||(269)|(1)|
|Purchase oftangible fixed assets|||||(3,773)|(17,483)|
|Net cash used in investing|activities||||(4,042)|(17,484)|
|Change
in cash and cash|equivalents|in|the year||46,645|269,773|
|Cash and cash equivalents|at the beginning||ofthe year||368,552|98,779|
|Cash and cash equivalents|at the end|of|the year||415,197|368,552|
|The notes on pages 11to 24 form part ofthese financial||||statements|||
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|Leasehold
Building|2% Straight-line|
|---|---|
|Improvements||
|Plant and machinery|5-20% Straight-Line|
|Fixtures and fittings|10%Straight-line|
|Computer
equipment|25% Straight-line|
|Cabins and Units|5-10%Straight-Line|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2020|2020|2020|2019|
|||F|E|E|F|
|Grants||330|26,978|27,308|25,541|
|TOTAL|2019|150|25,391|25,541||
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|||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2020|2020|2019|
|||||||6|6|6|
|Income|from|charitable|activities|- Student|Fees|1,432,333|1,432,333|926,005|
|TOTAL|2019|||||926,005|926,005||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020f|2020|2019
6|
|Fundraising|11,846|11,846|13,033|
|Shop Sales|2,034|2,034|2,908|
|Sale of Asset|||800|
||13,880|13,880|16,741|
|TOTAL 2019|16,741|16,741||
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2020
6|2020|2019f|
|269|269||
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2020|2020|2020|2019|
|||||F|6|
|Student|Fees|1,174,118|26,978|1,201,096|952,836|
|TOTAL|2019|927,445|25,391|952,836||
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|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2020|2020|2020|2019|
|||6||6||
|Student|Fees|1,158,050|43,046|1,201,096|952,836|
|TOTAL|2019|924,628|28,208|952,836||
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|||||Student|Total|Total|
|---|---|---|---|---|---|---|
|||||Fees|funds|funds|
|||||2020
8|2020
6|2019f|
|Staff costs||||892,279|892,279|677,647|
|Depreciation||||8,996|8,996|10,710|
|Staff Training||||4,839|4,839|13,088|
|Teaching expenses||||112,586|112,586|91,199|
|Consumables||||1,594|1,594|7,107|
|Rent, Rates|and Utilities|||62,939|62,939|48,664|
|Building/site|maintenance||and development|46,134|46,134|63,898|
|Examination|Fees|||13,233|13,233|4,286|
|Vehicle Expenses/Staff||Mileage||13,242|13,242|5,184|
|Animal Care||||2,208|2,208|2,845|
|||||1,158,050|1,158,050|924,628|
|TOTAL 2019||||924,628|924,628||
|ANALYSIS OF SUPPORT|||COSTS||||
|||||Student|Total|Total|
|||||Fees|funds|funds|
|||||2020|2020|2019|
|||||8|8|6|
|Depreciation||||3,382|3,382|2,038|
|Office Expenses||||26,052|26,052|21,606|
|Audit Fees||||7,800|7,800||
|Loss on Disposals||||5,812|5,812||
|Governance|costs|||||4,564|
|||||43,046|43,046|28,208|
|TOTAL 2019||||28,208|28,208||
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|||||2020|2019f|
|---|---|---|---|---|---|
|Fees payable|to the Company's|auditor|for the audit ofthe Company's|||
|annual
accounts||||7,000||
|Fees payable|to the Company's|auditor|in respect of:|||
|All non-audit|services not included
above|||800||
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|||||2020|2019f|
|---|---|---|---|---|---|
|Wages and|salaries|||805,047|613,132|
|Social security costs||||73,192|51,638|
|Contribution|to defined|contribution|pension schemes|14,040|12,877|
|||||892,279|677,647|
||2020|2019|
|---|---|---|
||No.|No.|
|Employees|33|26|
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|||Leasehold||||
|---|---|---|---|---|---|
||Freehold|Building|Plant and|Computer||
||Land|1mpovements|machinery|equipment|Total|
||F|6|E|6|6|
|COST OR VALUATION||||||
|At 1 September 2019|36,466|92„338|150,474|25,664|304,942|
|Additions|||974|2,799|3,773|
|Disposals|||(5,409)|(23,726)|(29,135)|
|At 31 August 2020|36,466|92,338|146,039|4,737|279,580|
|DEPRECIATION||||||
|At 1 September 2019||14,005|83,722|20,819|118,546|
|Charge for the year||3,682|7,550|1,146|12,378|
|On disposals|||(4,049)|(19,275)|(23,324)|
|At 31 August 2020||17,687|87,223|2,690|107,600|
|NET BOOK VALUE||||||
|At 31 August 2020|36,466|74,651|58,816|2,047|171,980|
|At 31 August 2019|36,466|78,333|66,752|4,845|186,396|
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|||2020|2019|
|---|---|---|---|
|||E|E|
|DUE WITHIN|ONE YEAR|||
|Trade debtors||5,575|6,109|
|Other debtors||789||
|Prepayments|and accrued income|1,500|18,084|
|||7,864|24,193|
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||||||||2020
6|2019f|
|---|---|---|---|---|---|---|---|---|
|Trade creditors|||||||5,646||
|Other taxation||and||social security|||35,528|27,764|
|Other creditors|||||||3,911|2,974|
|Accruals|and deferred||||income||8,040|269,869|
||||||||53,125|300,607|
||||||||2020|2019|
|||||||||6|
|Deferred|income at|||1 September||2019|263,462|37,080|
|Resources deferred||||during the year||||263,462|
|Amounts|released||from previous|||periods|(263,462)|(37,080)|
|||||||||263,462|
##
||||2020
F|2019f|
|---|---|---|---|---|
|FINANCIAL ASSETS|||||
|Financial assets measured|at fair value through|income and expenditure|415,197|368,552|
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|STATE|MENT OF FUNDS - CURREN|T YEAR||||
|---|---|---|---|---|---|
|||Balance at 1|||Balance at|
|||September|||31August|
|||2019
6|Income
f|Expenditure
F|2020|
|UNRESTRICTED FUNDS||||||
|General||278,534|1,446,812|(1,183,430)|541,916|
|RESTRICTED FUNDS||||||
|Children|in Need Grant||26,978|(26,978)||
|TOTAL|OF FUNDS|278,534|1,473,790|(1,210,408)|541,916|
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||||||||||As Restated|
|---|---|---|---|---|---|---|---|---|---|
||||Balance at||||As restated||Balance at|
||||1 September
2018
6|Income
f|Expenditure
f||Transfers
in/out
6|Gains/
(Losses)|31 August
2019
6|
|UNRESTRICTED||||||||||
|FUNDS||||||||||
|General|||120,540|942,897|(934,032)||146,546|2,583|278,534|
||||||||||As Restated|
||||Balance at||||As restated||Balance at|
|||1|September
2018
6|Income
f|Expenditure|6|Transfers
in/out
6|Gains/
(Losses)|31 August
2019
6|
|RESTRICTED||||||||||
|FUNDS||||||||||
|General||||||||||
|Restricted|||146,546||||(146,546)|||
|Children|in Need|||||||||
|Grant||||25,391|(25,391)|||||
||||146,546|25,391|(25,391)||(146,546)|||
|TOTAL OF||||||||||
|FUNDS|||267,086|25,391|(959,423)|||2,583|278,534|
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||||Balance at 1|||Balance at|
|---|---|---|---|---|---|---|
||||September
2019|Income|Expenditure|31August
2020|
||||6|6|F|6|
|General funds|||278,534|1,446,812|(1,183,430)|541,916|
|Restricted funds||||26,978|(26,978)||
||||278,534|1,473,790|(1,210,408)|541,916|
|SUMMARY OF|FUNDS - PRIOR|YEAR|||||
||Balance at|||As restated||Balance at|
||1 September
2016
F|Income
5|Expenditure
f|Transfers
in/out
6|Gains/
(Losses)|31 August
2019
5|
|General funds|120,540|942,897|(934,032)|146,546|2,583|278,534|
|Restricted funds|146,546|25,391|(25,391)|(146,546)|||
||267,086|968,288|(959,423)||2,583|278,534|
##
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|ANALY|SIS O|F NET ASSETS BETWEEN FUNDS -|CURRENT PERIOD||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
|||||F|
|Tangible|fixed|assets|171,980|171,980|
|Current|assets||423,061|423,061|
|Creditors|due|within one year|(53,125)|(53,125)|
|TOTAL|||541,916|541,916|
##
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||||As restated||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2019f|2019f|
|Tangible|fixed|assets|186,396|186,396|
|Current|assets||392,745|392,745|
|Creditors|due|within one year|(300,607)|(300,607)|
|TOTAL|||278,534|278,534|
||||||2020|2019|
|---|---|---|---|---|---|---|
||||||6||
||Net income|for the period (as per Statement||of Financial Activities)|263,382|11,448|
||ADJUSTMENTS FOR:||||||
||Depreciation|charges|||12,378|26,466|
||Interest received||||269|1|
||Loss on the|sale offixed assets|||5,812||
||Decrease/(increase)||in debtors||16,329|(10,971)|
||Increase/(decrease)||in creditors||(247,483)|260,313|
||NET CASH|PROVIDED BYOPERATING ACTIVITIES|||50,687|287,257|
|21.|ANALYSIS OF CASH AND CASH EQUIVALENTS||||||
||||||2020|2019|
||||||6|6|
||Cash in hand||||415,197|368,552|
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|||||||At 1|||
|---|---|---|---|---|---|---|---|---|
|||||||September||At 31|
|||||||2019|Cash flows|August 2020|
|||||||6|6|F|
|Cash|at|bank|and|in|hand|368,552|46,645|415,197|
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|cancellable|o|perating
leases as follows:|||
|---|---|---|---|---|
||||2020|2019|
||||6|F|
|Not later than||1 year|43,919|43,919|
|Later than|1 year and not later than 5years||139,228|183,147|
||||183,147|227,066|