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2021-08-31-accounts

Page
Report ofthe Trustees 1 to 6
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements 10 to 18

31.8.21 31 8.20
Unrestricted Restricted Total Total
funds funds funds funds
Notes E 6 F
INCOME AND ENDOWNIENTS FROM
Donations
and legacies		 27,344 27,344 19,772
Charitable
activities
Skills development 156,279 62,834 219,113 296,117
Other trading
activities		 192 192 25
Investment
income		 3 3 17
Other income 31,367 31,367 72,693
Total 215,185 62,834 278,019 385,624
EXPENDITURE ON
Raising funds 13,262 13,262 27,184
Charitable
activities
Skills development 245,234 53,140 298,374 286,154
Total 258,496 53,140 311,636 313,348
NET INCOME/(EXPENDITURE) (43,311) 9,694 (33,617) 75,276
Transfers between funds 17 8,183 (8,183)
Net movement
in funds		 (35,128) 1,511 (33,617) 75,276
RECONCILIATION OF FUNDS
Total funds brought forward 72,206 63,357 135,563 60,287
TOTAL FUNDS CARRIED FORWARD 37,078 64,868 101,946 135,563

31.8.21 31.8.20
Unrestricted Restricted Tofal Total
Notes funds
f		 funds funds funds
5
FIXEDASSETS
Tangible assets 13 24,132 24,132 35,823
CURRENT ASSETS
Debtors 14 12,592 12,592 49,239
Cash at bank and in hand 17,941 64,868 82,809 66,374
30,533 64,868 95,401 115,613
CREDITORS
Amounts
falling due within one year		 15 (17,587) (17,587) (15,873)
NET CURRENT ASSETS 12,946 64,868 77,814 99,740
TOTAL ASSETSLESSCURRENT LIABILITIES 37,078 64,868 101,946 135,563
NET ASSETS 37,078 64,868 101,946 135,563
FUNDS 17
Unrestricted
funds		 37,078 72,206
Restricted funds 64,868 63,357
TOTAL FUNDS 101,946 135,563

2. DONATIONS
AND LEGACIES		 DONATIONS
AND LEGACIES
31.8.21 31.8.20
6 E
Donations 2,534 5,172
Grants 24,810 14,600
27,344 19,772
3. OTHER TRADING ACTIVITIES
31.8.21
6		 31.8.20
f
Sundry sales 192 25
4. INVESTMENT INCOME
31.8.21 31.8.20
6 6
Bank interest received 3 17
5. INCOME FRONI CHARITABLE ACTIVITIES
31.8.21 31.8.20
Activity 6
Course and session fees Skills development 156,279 136,241
Other educational
services		 Skills development 2,000
Grants for speciTic educational
projects Skills development 62,834 50,050
Grants for staff costs Skills development 45,609
Grants for assets including
maintenance Skills development 50,017
219,113 296,117
6. OTHER INCOME
31.8.21 31.8.20
F
Gain on sale oftangible fixed assets 6,910
Local authority
discretionary		 10,000
Corona virus job retention scheme grant 24,457 62,693
31,367 72,693

Support
Direct costs (see
Costs note 8)
F		 Totalsf
Skills development 294,949 3,425 298,374
SUPPORT COSTS
Governance
costs
f
Skills development 3,425
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting)
31.8.21 31.6.20
Independent
Examiner's		 fee 1,080 720
Independent
Examiner's		 other 2,345 3,034
Depreciation
-owned assets		 17,800 17,664
Other operating
leases		 5,263 6,016
Surplus on disposal offixed assets (6,910)
Payments
to defined
contribution		 pension schemes 5,748 3,905

STAFF COSTS
31.8.21
f		 31.8.20
2
Wages and salaries 188r484 160,140
Social securtity costs 6,735 12,728
Other pension costs 5,748 3,905
200,967 196,773
Staff costs are net of own work capitalised
in respect ofc		 reating a new dassroom as follows:
31.8.21
f		 31.8.20
Wages and salaries 1,037
Social security costs 135
Other pension costs 52
1,224

31.8.21 31.8.20
Angling4Success 8 9
Administration 3 3
12
No employees
received		 emoluments in excess of 660,000.
Total a remuneration paid to key management for the year ended 31 August 2021 amounted to 576,823.
N
employees
were deemed		 key management in the year to 31August 2020.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
5 F
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 19,519 253 19,772
Chaditable
activities
Skills development 140,241 155,876 296,117
Other trading activities 25 25
Investment
income		 17 17
Other income 72,693 72,693
Total 232,495 156,129 388,624
EXPENDITURE ON
Raising funds 27,184 27,184
Charitable
activities
Skills development 195,928 90,236 286,164
Total 223,112 90,236 313,348
NET INCOME 9,383 65,893 75,276
Transfers
between		 funds 21,979 (21,979)
Net movement
in funds		 31,362 43,914 75,276
RECONCILIATION OF FUNDS
Total funds brought forward 40,844 19,443 60,287

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued OF FINANCIAL ACTIVITIES -continued
Unrestricted Restricted Total
funds funds funds
2 F 2
TOTAL FUNDS CARRIED FORWARD 72,206 63,357 135,563
13. TANGIBLE FIXEDASSETS
Improvements
to Plant and Motor
property machinery vehicles
f		 Totals
2
COST
At 1 September 2020 24,568 10,377 57,701 92,646
Additions 6,109 6,109
Disposals (14,317) (14,317)
At 31August 2021 30,677 10,377 43,384 84,438
DEPRECIATION
At 1 September 2020 16,083 8,599 32,141 56,823
Charge foryear 7,934 668 9,198 17,800
Eliminated
on disposal		 (14,317) (14,317)
At 31 August 2021 24,017 9,267 27,022 60,306
NET BOOK VALUE
At 31August 2021 6,660 1,110 16,362 24,132
At 31August 2020 8,485 1,778 25,550 35,823
14. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
Trade debtors 1,450 8,820
Other debtors 7,910 31,454
Prepayments 3,232 8,965
12,592 49,239

31.8.21 31.8.20
6 5
Trade creditors 7,794 7,294
Social security and other taxes 3,498 3,131
Other creditors 1,194 748
Accruals and deferred income 955
Accrued expenses 5,101 3,745
17,587 15,873
Deferred income is in respect ofcourse fees invoiced in advance of sessions delivered.
LEASING AGREEMENTS
Minimum
lease payments		 under non-cancellable operating leases fall due as follows:
31.8.21 31.8.20
Within one year 846 3,112
Between one and five years 846
3,958
MOVEMENT
IN FUNDS
Net Transfers
movement between At
At 1.9.20 in funds funds
f		 31.8.21
6
Unrestricted
funds
General fund 72,206 (43,311) 8,183 37,078
Restricted funds
Angling
activities		 5,159 440 5,599
Specific staff costs 26,491 (26,091) (400)
Specific project delivery 3,424 3,424
Uganda
child sponsorship		 44
Asset purchase
and maintenance		 27,739 (7,283) 20,456
Cambridgeshire
youth projects		 500 (500)
Milton Keynes youth projects 20,310 20,310
PPE Equipment 535 535
Positive steps programme 14,500 14,500
63,357 9,694 (8,183) 64,868
TOTAL FUNDS 135,563 (33,617) 101,946

Net movement
in funds,
include		 d
in the above		 are as follows:
Incoming Resources Movement
resources
2		 expended
f		 in funds
f
Unresb icted funds
General fund 215,185 (258,496) (43,311)
Restricted funds
Angling
activities		 4,500 (4,060) 440
Specific staff costs (26,091) (26,091)
Specific project delivery 17,834 (17,834)
Milton Keynes youth projects 25,000 (4,690) 20,310
PPE Equipment 1,000 (465) 535
Positive steps programme 14,500 14,500
62,834 (53,140) 9,694
TOTALFUNDS 278,019 (311,636) (33,617)
Comparatives
for movement		 in funds
Net Transfers
movement between At
At 1.9.19 in funds funds 31.8.20
f 6
Unmstricted
funds
General fund 40,844 9,383 21,979 72,206
Restricted funds
Angling
activities		 180 4,979 5,159
Specific staff costs
Specific project delivery		 14,660
2,828		 11,831
596		 26,491
3,424
Uganda
child sponsorship		 42 2
Asset purchase
and maintenance		 1,233 48,485 (21,979) 27,739
Cambridgeshire
youth projects		 500 500
19,443 65,893 (21,979) 63,357
TOTAL FUNDS 60,287 75,276 135,563

Compara tive
ne		 t movement
in funds,
induded
in the		 above are as follows:
Incoming Resources Movement
resources
f		 expended
5		 in funds
f
Unrestricted
funds
General fund 232,495 (223,112) 9,383
Restricted funds
Angling activities 6,750 (1,771) 4,979
Northamptonshire youth project 500 (500)
Specific staff costs 45,809 (33,978) 11,831
Specific project delivery 51,400 (50,804) 596
Uganda child sponsorship 254 (252) 2
Asset purchase and maintenance 50,016 (1,531 ) 48,485
Carpentry
activities		 1,400 (1,400)
156,129 (90,236) 65,893
TOTAL FUNDS 388,624 (313,348) 75,276