ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2020 

## _**SKILLSWISE COMMUNITY COLLEGE LIMITED**_ 

## ANNUAL REPORT AND ACCOUNTS 

Year Ended 31 JULY 2020 

## REGISTERED CHARITY NUMBER 

1137352 

## REGISTERED COMPANY NUMBER 

06977296 

[Type text] 



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## ANNUAL REPORT AND ACCOUNTS 

CONTENTS: 

||Page No.|
|---|---|
|Legal and Administrative information|1|
|Trustees/Directors’ report|4|
|Statement of Trustees’ responsibilities|5|
|Accountants’ Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes forming part of the financial statements|9|



SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential 




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## **SKILLSWISE COMMUNITY COLLEGE LIMITED** 

ANNUAL REPORT AND ACCOUNTS 

SKILLSWISE COMMUNITY COLLEGE LIMITED is a charitable company limited by guarantee, incorporated on 19 November 2009. 

The company was registered under a memorandum of association, which established the objectives and powers of the company and is governed under its Articles of association dated on 30 JULY 2009. 

## DIRECTORS AND TRUSTEES FOR THE YEAR ENDED ON 31 JULY 2020 

The directors of the charitable company are it’s trustees for the purpose of charity law and throughout this report and are collectively referred as trustees. 

The appointed trustees are as follows:- 

Dr Hassan Nur – Chair 

Siyad Yusuf 

Abdi Mohamed 

REGISTERED COMPANY NUMBER 06977296 

REGISTERED CHARITY NUMBER 1137352 

REGISTERED OFFICE: 99C Coldharbour Lane Hayes Middlesex, Coldharbour Lane, Hayes, Middlesex, UB3 3EF 

BANKERS; 

BARCLAYS 

High street, Southall, London 

ACCOUNTANTS: 


Unit 8, 122-126 Coldharbour Lane, London, UB3 3HL 

SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential 




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## TRUSTEES’ REPORT 

The trustees present their report and accounts for the year ended 31 JULY 2020. 

## **Objectivities and Activities** 

- To provide education and training in the broadest sense. 

- To relieve unemployment for the benefit of the public in such ways as may be thought fit. 

- To preserve and protect good health. 

- To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life 

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## STATEMENT OF TRUSTEES’ RESPONSIBILITIES: 

Company law requires the trustees to prepare financial statements that give a true and fair view of the organisation’s financial activities during the year and its financial position at the end of each financial year. 

In doing so, the trustees are required to: 

- Select suitable accounting policies and then apply them consistently 

- Make judgements and reasonable and prudent judgements 

- State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements 

- Prepare the financial statements on the going concern basis unless its inappropriate to presume that the organisation will continue in operation for the foreseeable future. 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the company and enable them to ensure that the financial comply with applicable laws, regulations and the trust deeds. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities including money laundering. 

Signed on behalf of the trustees: 

Abdi Mohamed 

Trustee 

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## **INDEPENDENT EXAMINER’S REPORT TO THE CHARITY TRUSTEES OF SKILLSWISE COMMUNITY COLLEGE LIMITED** 

I report to the trustees on my examination of the accounts of SKILLSWISE COMMUNITY COLLEGE LIMITED for the year ended 31 July 2020. 

Responsibilities and basis of report 

As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

Independent examiner’s statement 

I have completed by examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 




out in the Charities (Accounts and Reports) Regulations 2008 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. 

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. 

M Hassan - Accountant 

Date: 26/05/2021 

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## STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) for the year ended 31 JULY 2020. 

||**Notes**|**UNRESTRICTED FUNDS**|**RESTRICTED FUNDS**|**TOTAL FUNDS**|**TOTAL FUNDS**|
|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|
|||||**2020**|**2019**|
|**INCOMING RESOURCES**||||||
|**Voluntary Income**|**(1)**|-|-|-|-|
|**Donations**||-|-|-|-|
|**Other Income**||34,237|-|34,237|16,673|
|**Investment Income**||-|-|-|-|
|**Charitable Activities**||-|-|-|-|
|**Other Incoming Resources**||-|-|-|-|
|**Total Incoming Resources:**||**34,237**|**0**|**34,237**|**16,673**|
|**RESOURCES EXPENDED:**||||||
|**Costs for generating funds**||-|-|-|-|
|**Charitable Activities**||-|-|-|-|
|**Supporting Activities**||(27,191)|-|-|(17,341)|
|**TOTAL RESOURCES EXPENDED:**|**( 2)**|**(27,191.0)**|**0.0**|**0.0**|**(17,341.0)**|
|**Net Surplus/Deficit for the year**||7,046|0|7,046|(668)|
|**Opening funds Transfer of funds**||(863)|0|(863)|(195)|
|**Adjustment to opening funds**||0|0|0|-|
|**CLOSING FUNDS:**||**6,183.0**|**0**|**6,183**|**-863**|



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## **BALANCE SHEET AS AT 31 JULY 2020 SKILLSWISE COMMUNITY COLLEGE** 

|Notes<br>**FIXED ASSETS**<br>COMPUTERS & OFFICE FURNITURE AT COST<br>(3)<br>LESS ACCUMULATED DEPRECIATION<br>NET BOOK VALUE<br>**CURRENT ASSETS**<br>CASH AT BANK & IN HAND<br>(4)<br>PREPAYMENTS<br>DEBTORS<br>**TOTAL CURRENT ASSETS**<br>**CURRENT LIABILITIES**<br>CREDITORS<br>(5)<br>**NET ASSETS**<br>**RESERVES:**<br>RESTRICTED FUNDS<br>(6)<br>UNRESTRICTED FUNDS<br>**TOTAL**|**2020**<br>**2019**<br>£<br>£<br>5,200<br>-<br>(1,040)<br>-|
|---|---|
||4,160<br>0|
||2,273<br>47<br>-<br>-<br>-<br>-|
||2,273<br>47|
||(250)<br>(910)|
||**6,183**<br>**-863**|
||-<br>-<br>6,183<br>3,491|
||**6,183**<br>**-863**|



## DIRECTORS’ STATEMENT: 

The directors acknowledge their responsibility for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company. 

The directors acknowledge their responsibility for ensuring the company keeps accounting records which comply with Section 386 of the Companies Act 2006. 

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 

For the year ending 30/04/2021 the company was entitled to exemption from audit under section 477 (2) of the Companies Act 2006 relating to small companies. 

Approved by the board on 26/05/2021 and signed on behalf of the board by: 

Abdi Mohamed 

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NOTES FORMING PART OF THE FINANCIAL STATEMENTS: 

- a) The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting standard of smaller entities (Effective March 2002) and follows the recommendations in accounting and reporting by 

- b) Resources expended are recognised in the period in which they are incurred and include attributable VAT which cannot be recovered 

- c) Revenue grants are credited to incoming resources on the earlier of when they are received on when they are due 

- d) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the organisation without further specified purpose and are available as general funds. 

- e) Restricted funds are to be used only for the specific purposes as laid down by the donor. 

## **NOTE 1 VOLUNTARY INCOME** 

|**DONORS**|**UNRESTRICTED 2020**|**RESTRICTED 2020**|**TOTAL 2020**|**TOTAL**<br>**2019**|
|---|---|---|---|---|
||£|£|£|£|
|CharityIncome|34,237.00|-|34,237.00|16,673.00|
||||||
||||||
|**TOTAL**|**34,237.00**|**-**|**34,237.00**|**16,673.00**|



|**NOTE 2**<br>**RESOURCES EXPENDED**|**NOTE 2**<br>**RESOURCES EXPENDED**|**NOTE 2**<br>**RESOURCES EXPENDED**|**NOTE 2**<br>**RESOURCES EXPENDED**|**NOTE 2**<br>**RESOURCES EXPENDED**|
|---|---|---|---|---|
|**EXPENSE**<br>|**UNRESTRICTED FUNDS(£)**|**RESTRICTED FUNDS(£)**|**TOTAL - 2020(£)**|**2019(£)**|
|Purchases|264.00||264.00||
|Sub contractor costs|4,245.00||4,245.00||
|Administrative expenses|22,682.00||22,682.00|17,341.00|
||||||
|**TOTAL**|**27,191.00**|**-**|**27,191.00**|**17,341.00**|
||||||



SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential 




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## **NOTE 3** 

## **Tangible fixed assets** 

Fixed assets costing in excess of £1000 are capitalised and are shown at historical cost. 

|Depreciation is provided, after taking into account of<br>any grants receivable.<br>Tangible fixed assets are depreciated at 20% reducing<br>balance.<br>At Cost 01/08/2019<br>Additions<br>Disposals<br>Revaluations<br>Transfers<br>As at 31 JULY 2020<br>**Depreciation:**<br>Accumulated Depreciation as at 01/08/2019<br>Charge for the year<br>At 31 JULY  2020<br>Net Book Value at 31 JULY 2020|£<br>5,200<br>-<br>-<br>-<br>-|
|---|---|
||5,200|
||0<br>(1,040)|
||(1,040.0)|
|||
||**4,160**|



## **NOTE 4** 

## **CASH AT BANK AND IN HAND** 

The charity has a cash balance of £2273 in its bank account as at 31 JULY 2020 

|**NOTE 5**<br>**CREDITORS**<br>Accountng Fees :|£250|
|---|---|
||£250|



## **NOTE 6** 

## **RESERVES:** 

The charity has accumulated a reserves balance of £6183 for the financial year ended 31 JULY 2020 

## END 

SKILLSWISE COMMUNITY COLLEGE LIMITED | Confidential