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2021-07-31-accounts

Page Number
I to 3 Ttttstees' (Directors') Annual Report
4to 6 Independent
Auditors'		 Report
Statement ofFinancial Activities
Balance Sheet
Statement ofCash Flows
10to 17 Notes forming part of the Accounts

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As at As at
31July 31July
Notes 2021 2020
as restated
Fixed assets
Tangible fixed assets 13 12,365 21,281
Current
assets
Debtors 15 207,490 446,923
Cash at bank and in hand 882,239 403,432
1,089,729 850,355
Creditors: amounts falling due within one year 16 (356,426) (176,421)
Net current assets 733,303 673,934
Total assets less current liabilities 745,668 695,215
Funds ofthe charity
Restricted income funds 18 86,963 87,783
Unrestricted income funds 18 658,705 607,432
Total funds 745,668 695,215
These accounts were approved n r. sl
tsJ
by the board on ....~~.........'.~..~%~..

for the year ended 31Ju ly 2021
Notes 2021 2020
Cash flows from operating
activities
Cash generated
by operations
Interest paid		 22 479,352 41,527
~233
Net cash inflow from operating
activities		 479,352 41,314
Investing
activities
Proceeds on sale oftangible fixed assets 1,500
Purchase oftangible fixed assets (2,080) (2,872)
Interest received 35 484
Net cash used in investing activities (545) (2,388)
Financing activities
Repayment ofbank loans 5,100
Net cash used in financing activities 5,100
Net increase in cash and cash equivalents 478,807 33,826
Cash and cash equivalents at beginning ofyear 403,432 369,606
Cash and cash equivalents at end ofyear 23 882,239 403,432

Incoming Resources from Charitable Resources from Charitable Activities Unrestricted Restricted Total Total
Funds Funds 2021 2020
Full time
Education		 courses
funding		 agency 635,529
1,284,261		 635,529
1,284,261		 880,290
1,013,641
1,919,790 I,919,790 1,893,931
6 Incoming Resources from Donations Unrestricted Restricted Total Total
Funds Funds 2021 2020
Donations 1,747 1,747 3,980
7 Investment
Income		 Unrestricted Restricted Total Total
Funds Funds 2021 2020
8
Bank interest received 35 35 484

Other Income
Unrestricted Restricted Total Total
Funds Funds 2021 2020
Other grants received 6,450 6,450 10,000
Furlough
income		 40,487 40,487 40,291
46,937 46,937 50,291
Costs ofCharitable Activities
Unrestricted Restricted Total Total
Funds Funds 2021 2020
as restated
Equipment
and general		 purchases 58,213 58,213 56,790
Learner transport
and		 facilities hire 91,578 91,578 120,816
Staffcosts including employer's Nl 1,161,919 1,161,919 1,204,089
Subcontractlabour 166,092 166,092 65,304
Stafftraining 12,862 12,862 29,573
Clothing costs 2,371 2,371
Rent and service charges 206,413 206,413 183,082
Rates 24,513 24,513 20,707
Insurance 14,914 14,914 15,768
Light and heat 17,687 17,687 15,535
Cleaning 18,309 18,309 16,322
Repairs and maintenance 20,434 20,434 17,570
Dilapidation
costs		 20,000 20,000
Staffrecmitment 5,911 5,911 20,796
Printing,
postage and		 stationery 9,893 9,893 7,974
Advertising 122 122 774
Telephone
charges		 3,694 3,694 3,579
Computer
running
costs		 1,173 1,173 2,703
Hire ofequipment 7,083 7,083 7,336
Motor vehicle leasing 18,979 18,979 8,284
Motor running
costs		 6,986 6,986 6,938
Travelling
expenses		 2,173 2,173 4,292
Entertaining 823 823 3,851
Legal and professional fees 20,777 20,777 17,894
Bad and doubtful
debts		 19,690
Penalties
and fines		 34 34
Sundry expenses 479 479 1,056
Accountancy
charges		 5,314 5,314 4,380
Audit fee 2,126 2,126 1&680
Subscriptions 6,338 6,338 4,329
Amortisation
ofleasehold		 improvements 6,154 6,154 10,549
Depreciation ofplant and machinery 1,435 1,435 1,413
Depreciation offixtures and fittings 1,347 820 2,167 2,845
Depreciation ofmotor vehicles 412
Profit on sale ofintangible asset (261) (261)
1,915,885 820 1,916,705 1,876,331

10 Other Resources Expended
Unrestricted Restricted Total Total
Funds Funds 2021 2020
Bank charges
Bank interest		 1,351 1,351 1,614
213
1,351 1,351 1,827
11 Staff Costs and Pensions
Unrestricted Restricted Total Total
Funds Funds 2021 2020
Wages and salaries
Employers N.I. contributions		 1,062,284
80,257		 1,062,284
80,257		 1,082,515
81,165
Teachers' pension contributions
Staffpension contributions 19,378 19,378 40,409
1,161,919 1,161,919 1,204,089

for th e year ended 31July 2021
14 Financial Instruments 2021 2020
as restated
Carrying
amount of		 financial assets
Measured
at amortised		 cost 157,276 442,770
Carrying
amount of		 financial liabilities
Measured
at amortised		 cost 239,658 60,659
15 Debtors
2021 2020
as restated
Trade debtors 85,302 395,225
Other debtors 33,590 47,545
Prepayments 50,215 4, 153
Accrued income 38,383
207,490 446,923
Other debtors totalling 632,073 (2020:f32,073)are recoverable after more than one year.
16 Creditors: Amounts Falling Due Within One Year
2021 2020
as restated
g
Trade creditors 46,224 9,800
Taxation and social security 18,704 42,006
Accruals 66,768 85,762
Provision for dilapidations 50,000 30,000
Other creditors 174,730 8,853
356,426 176,421

2021 2020
In less than one year 79,164 150,809
In two to five years 285,660 285,660
In over five years 261,855 333,270

Vehicles
2021 2020
8
In less than one year 15,208 6,314
In two to five years 45,623
18 Reserves
Reserves
Balance at Movement
in		 Balance at
I August the year 31July
2020 2021
as restated
Unrestricted funds 607,432 51,273 658,705
Restricted funds 87,783 (820) 86,963
695,215 50,453 745,668

Cash Generated
from Opera		 tions
2021 2020
as restated
Surplus for the year 50,453 70,528
Adjustments
for:
Finance costs		 213
Investment
income		 (35) (484)
Depreciation
and impairment		 oftangible fixed assets 9,757 15,220
Profit on disposal oftangible fixed assets (261)
Movements
in working capital:
Decrease/(Increase)
in debtors
Increase in creditors		 239,433
180,005		 (109,674)
65,724
Cash generated
by operations		 479,352 41,527

Balance at Movement
in		 Balance at
1August the year 31July
2020 2021
g
Cash at bank and in hand 403,432 478,807 882,239

Changes t o the balance sheet
As at 31July 2020
As previously Adjustment As restated
reported
Current assets
Debtors 411,697 35,226 446,923
Creditors due within oue year
Trade creditors 17,740 (7,940) 9,800
43,166
Funds of the charity
Unrestricted Income Funds 564,266 43,166 607,432
Changes to the statement offinancial activities
Year Ended 31July 2020
As previously Adjustment As restated
reported
Total resources expended 1,884,610 (6,452) 1,878,158