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|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 ....~~.........'.~..~%~..|||||||||
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|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|
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||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|
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|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|
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|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|
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|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|
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||||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|
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||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|
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|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|
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|||||||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|
##
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|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||