Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 Company registration number.. 7728160 Charity Tegistration number.. 1143561 X-PERT Health Training and Education Ltd {A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2020 Hargreaves Brown and Benson Chartered Accountants 1 Bond Street Colne Lancashire BB8 9DG
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Contents Refence and Administrative Details Trustees, Report .... Trustees. responsibilities in relation to the financial statements Independent examine¢s report _ Slalement of financial acttvilies 2to3 5t06 Balance Sheet ...__. 8t09 Notes to the financial statements . 10t020 The following pages do not fomi part of the stabJtory financial statements= Statement of financial activities per fund _ -21 to22
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Reference and Administrative Details Charlty name X-PERT Health Training and Education Lt Charlty registration numbor 1143561 Company registration number 7728160 Principal office Linden Mill Linden Road Hebden Bridge West Yorkshlre HX7 7DP Reglster¢d offlce Linden Mill Linden Road Hebden Bridge West Yorkshire HX7 7DP Trustees Mr D Fletcher Bs¢ {Hons) Msc MBE Dr S Lawrence MrA Shaw Rl. Hon Lord Shutt of Greetland FCA (Deceased 30 October 20201 Company secretary Dr S Lawrence Accountant Hargreaves Brown and Benson 1 Bond Street Colne Lancashi BB8 9DG Page 1
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Trustees. Report The Trustees present their annual report together with the financial statements of the charity for the year ended 31 August 2020. Truslees Mr. D. Fletcher Bsc (Hons} Msc MBE Dr. S. Lawren Mr. A. Shaw Rl. Hon. Lord Shutt of Greelland FCA (Deceased 301101201 Objectives and activities The purpose of the charity is for the benefit of the public, the advancement of education amongst healthcare professionals and the public by raising awareness and the provision of training and asso¢iated products designed to manage diabetes, obesity. heart disease and other long-term medical condttions, thereby equipping them with the knOedge, skills. confidence and resources to prevent, treat and manage these Conditions. The charity operates throughout the United Kingdom and overseas providing eduCatn, training and the provision of resources to educators facilitating the development of competence in evidence-based healthcare and enabling the empowerment of people to take control and self-manage their condit resulting in improved health and wellbeing. Public benefit The Trustees confimi that they have complied with the requirements of Section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Financlal review The charities activities are reliant upon fees charged for services provided and the supply of resources to healthcare professionals and the public which amounted to £314,23712019 - £755,787). For the year ended 31 August 2020 the charity reported a net deficit generated of £195,2&$12019- deficit £33,326). At 31 August 2020 the charty had unresticled retaiTr funds of £321,50412019- 483,1711 and stricted retained funds, in respect of deferred grants still to be activated. of £012019 - £33,629). Structure* governance and management Nature of the goveming document The charity is a company limited by guarantee governed by its Memorandum and Articles of Association dated 3 August 2011 and amended 13 March 2012. It is a registered charity with the Charity Commission. The companls members, including Tnjstees, each agree to contribute a sum not exceeding £10 in the event of ceasing to be a member or of the charity winding-up. Page 2
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Trustsés, Report Recrultment and appointment of Trustees The appointment of Trustees is by ordinary resolution as sel out in the Arbcles of Association. A Trustee musl be a natural person aged 16 years or older. The Articles of Association require the number of Trustees lo be not less than three. Organisational structure The charity is managed by the Trustees. The daily administration of the charity has been delegated to Dr. Trudi Deakin Bsc IHons} Ad Dip PGCE Phd RD who occupies the role of Chief Executive of the charity. Dr. Deakin is a specialist in Ihe research, development. implementation and audit of structured education for the public and healthcare professionals. Dr. Deakin has a degree in Nutrition and Dietetics, a doctorate in diabeties and is a qualified teacher. Small company provlslons This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Approved by the Board on 31 March 2021 and signed on its behalf by.. Do¢uSlgffl•dby'. 65CSCSF3F40F4E5 Mr D Fletcher Bsc (Hons) Msc MBE Trustee Page 3
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Trustees. Responsibilities in relation to the Financial Statements The Trustees (who are a150 directors of X-PERT Health Training and Education Ltd for the purposes of company law) a responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PraeliTr}- Company law requires Ihe Trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including income and expenditure, of the charitable Company for that period. In preparing these financial statements, the Trustees are qUired to.. select sujlable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP-, make judgements and estimates that are reasonable and prudent., state whether applicable UK accounting standards have been followed, subject lo afty material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company wll continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any time the financial posttion of the charitable company and enable them to ensure that the financial stslements comply with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen for taking reasonable steps for the PVentIon and detection of fraud and other irregularib'es. Page 4
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 Independent Examiner's Report to the Trustees of X-PERT Health Training and Education Ltd l port on the accounts of the company for the year ended 31 August 2020, which are set out on pages 7 10 20. Respective responsibilites of Trustees and examiner The Trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 14412} of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and l am qualified to undertake the examinab'on by being qualified member of The Institute of Chartered Accounlanls in England and Wales. Having satisfied mysew that the charity is not subject to audit under company law and is eligible for independent examlnation, it is my responsibilty to.. examine the accounts under section 145 of the 2011 Act '. follow the procedures laid down in the General Directions given by the Charity Commi55ion under section 145151 Ibl of the 2011 Act., and stale whether particular matters have come to my attention. Basis of Independent examiner's rgport My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees conMIng any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit and consequently no opinion is given as to whether the accounts present a YrLte and fair and the report is limited to those matters set out in the statement below. Page 5
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 Independent Examiner's Report to thè Trustees of X-PERT Health Training and Education Ltd . continued Independent examiner's statement In connection with my examination. no matter has come to my attenlion.. 111 which gives me reasonable cause to believe that in any material respect the requirements= to keep accounting records in accordan with section 386 of the Companies Act 20C6', and lo prepare accounts which accord with the accounting records, compty with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and princip5es of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met- or {21 to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts lo be reached. 18ond Street Colne Lancashire 888 9DG Steven Wood FCA Hargreaves Brown and Benson Chartered Accountants 31 March 2021 Page 6
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Statement of Financial Activities (including Income and Expenditure Account) for the Year Ended 31 August 2020 Unrestricted Funds Restri¢ted Funds Total Fund$ Total Fund$ 2020 2019 Note Incornlng resources Incoming resources from generated funds Activities for generating funds Total incoming reSoUrS 405,080 405,080 405,080 405,080 765,088 765,088 Resour¢es gxpended Costs of generating funds Fundraising trading.. cost of goods sold and other costs Total resources expended 634,008 634,008 634,008 634,008 798,414 798.414 Net expenditure before transfers 1228,928) 1228,928) 133.3261 Transfers Gross transfers betsveen fund$ 67,261 133,6291 33,632 Net movements in funds 1161,6671 (33,629) (195,2961 133.3261 RKonciliation of funds Total funds brought forward Total funds ¢arried forward 483,171 321,504 33,629 516.800 321,504 550, 126 516.800 All incoming resources and resources expended derive from continuing activities. The notes on pages 10 to 20 ft)rm an integral part of these financial stalemenls. Page 7
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd (Reglstration number: 7728160) Balance Sheet as at 31 August 2020 2020 2019 Fixed assets Tangible assets 10.859 14.978 Current assets Stocks an¢J work in progress Debtors Cash at bank and in hand 47,035 65,758 235,818 348,611 87,802 62,611 527,788 678,201 10 Creditors: Amounts falling due within one year 11 (37,9661 1176,3791 Net Cuent assets 310,645 501,822 Net assets 321,504 516,800 The funds of the charlty- Restricted funds 33.629 Unrestricted funds Unrestricted income funds 321,504 483,171 Total charity funds 321,504 516.800 The notes on pages 10 to 20 fom an integral part of these financial statements. Page 8
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd (Registration number: 7728160) Balance Sheet as at 31 August 2020 . continued For the financial year ended 31 August 2020. the charity was entrtled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the ¢harity to obtain an audit of ils accounts for the year in question in accordance th section 476. The directors acknowledge their respon5ibililies for complying with the requ1MentS of the Act with respect to 8c¢ounling records and the preparation of accounts. These accounts have been prepad in accordance with the provisions applicable to companies subject to the small companies regime. Approved by the Board on 31 March 2021 and signed on its behalf by.. Do¢uSlgffl•dby'. CSCSF3F40F4E5 Mrb Fletcher Bsc (Honsl Msc MBE Trustee The notes on pages 10 to 20 form an integral part of these financial statements. Page 9
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Notes to the Financial Statements for the Year Ended 31 August 2020 Accounting policies Summary of accounting policles and key a¢countlng estlmates The principal accounting policies applied in the preparation of these financial stslemenls aTe set out below. These policies have been consislenlly applied lo all the periods presented. unless stsled olheNise. Statement of compliance The financial statements have been prepared in accordance wlh the Accounting and Reporting by Charities Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021 {effeclive 1 January 20151 (Charities SORP {FRS 102)), the Financial Reporbng Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies A¢t 2006. Basls of preparation X-PERT Health Training and Education Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical Cost or transaction value unless otherwise ststed in the relevant accounting policy notes. The financial statements of X-PERT Health Training and Education Ltd are presented in the currenGy of the primary economic environment in which the charity operate5 lits functional currency). For the purposes of the financial staternenls, the Statement of Financial Activities and Balan Sheet are presented in Sterling 1£). Going concern The Trustees consider that there are no material uncertainties about the charity's ability lo continue as a going concern nor any significant areas of uncertainty that affect the carrying value of the assets held by the charity. Exemption from preparing a Statement of Cash Flow The charity has opted lo adopt Bulletin 1 publish on 2 February 2016 and have not included a Statement of Cash Flows in these financial statements. Income All income is recogised onee the charity has entidement lo the income, it is probable th* the income will be received and the amount of the income can be measured reliably. Income from eductional courses and supplies is recoginised at the point that the customer has accepted the goods or the services have been rendered. Income is shown net of Value Added Tax, returns, rebates and discounts. Page 10
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Notes to the Financial Statements for the Year Ended 31 August 2020 continued Expenditure Expenditure is recognised once there is a legal or constructive obligation lo that expenditure, its probable settlement is required and the amount can be measured reliably_ All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finan Act 2010 and therefore il meets the definition of a charitable company for UK Corporation Tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 part 11 of the Corporation lax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively for charitable purposes. Tangible fixed assets Tangible fixed assets are staled in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumvlaled impairment losses. Depreciation Depreciatson is charged so as to write off the cost of assets over their estimated usefijl lives as follows-. Asset Class Fixtures. fittings and equipment Depreclatlon method and rate 15010 of cost per annum Stock Stock is valued at the lower of cost and estimated nel realisable value. Cost is delermlned using the first-in, first-oul (FIFO} method. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed. Debtorg Trade debtors are amounls due from Customers for services provided or materials sold in the ordinary course of business. Debtors are originally recognised at the transa¢tion price. A provision for the impairment ol debtors is established when there is obieclive evidence the the charity will not be able lo collect all amounts due under the original terms of the debt. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and bank deposits that are readily convertable into a known amount of cash and are subject to an insignificant risk of change in value. Page 11
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Notes to the Financial Statements for the Year Ended 31 August 2020 conlinued Creditols Trade creditors are obligations lo pay for gocxys and seNices that have been acquired in the ordinary course of business from suppliers. Creditors are recognised initially al the transaction prl¢e and subsequently measured at arnorbsed cost using the effective interest method. Fund Structure Unreslricled funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charity's objectives. Reslricled funds are those funds donated lo be used in a specific area for a specfic purpose, the use of which is restricted to that specific area or specific purpose. Restricted funds consists of Foundation grants received from Calderdale Clinical Commissioning Group for the purposes of engagement and prevention aclivilies, and for meeting the needs of BME communitres on behalf of the Foundation. Operating leaseg Leases in which the risks and rewards of ownership or retained by the lessor are classified as operating leases. Payments made under operab'ng leases are charged in the Statement of Financial Actiwties on a straight-line basis over the period of the lease. Penslon contributions The charity makes contiibulions lo a defined contribution pension plan under which contributions are paid into a pension fund and the charity has no legal or constructive obligation lo pay further contributions even if the fund does not hold suffi¢ienl assets to pay all employees the benefits related to employee service in the current and prior periods. Contributions to defined contribution pension plans are recognised In the Statement of Financial Activtttes as an employee benefit expense when they fall due. Page 12
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Notss to the Financial Statements for the Year Ended 31 August 2020 . continued Financial Instruments Classrfication Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as finaneial assets and financial liabilities. Financial instruments are recognised when the charity becomes a party lo the conlraclual provisions of the instrument. Recognition and measurement Basic financial instruments. inluding trade and other debtors, cash and cash equtvalents and trade and other creditors are recognised at the transaction price. unless the arrangement is a financing transaction where the transaction is measured at the present value of future receipts, discounted at a market rate of interest. Imp8irment Al the end of each accounb'ng period financial instruments are assesed for objects've evidence of impairment. If an asset 15 impaired the impairment loss is the difference beeen the carrying amount and the present value of the estimated cash flows discounted at the asset's effects've interest rate. The impairment loss is recognised through the Slalement of Financial Activities. Current versus nGn-current classffiGat Financial instruments are classified as current if there is no unconditional right. al the end of the accounting period, lo defer settlement of the financial instrument for at least Iwelve months after the reporting dale. If there is an unconditional right to defer settlement for at least Iwelve months after the reporting date, they are presented as non-current. Activities for generating funds Unrestrletsd Funds Restrletsd Funds Total Funds 2020 Total Funds 2019 Opgratlng activity Appeals and donations Foundation grants received CJRS Grant Educational courses and supplies Covid-19 Local Authority Grant Interest on cash deposit5 Management charges 999 999 141 6,500 47,700 314,237 25,000 1,868 15,476 405,080 47,700 314,237 25,000 1,668 15,476 405.080 755,787 2,660 765,088 Page 13
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Notes to the Financial Statements for the Year Ended 31 August 2020- -contlnued Totsl r9SOU¢è5 expended Operattng aCVIty Totsl Tot81 2019 Direct costs Cost of goocls sold Lossllprofftl on sale of intanglble fixed assets Employment costs Establishment costs RepaiTS and maintenance Office expenses Printing. postage and statlonery Subscriptions and donations" Vehicle leasing Sundry and other costs Cleaning Innovation and development Travel and subsistence Advert4'sing and promotion Accountancy fee$ Legal and profe85ional costs Bank charges Depreciatton of tangible fixed assets 70.491 70.491 272,682 438 272.919 38.712 3.760 15,741 11,687 655 3,194 2,298 3,514 121.067 13,750 26.765 1,425 1,537 3,623 4,646 798.414 270.801 38,366 17.624 17.621 6,348 1.735 1,869 1,107 2.020 172.895 5,521 18,311 1.390 968 2,330 4,611 634,008 270.801 38.366 17,624 17.621 6,348 1.735 1,869 1.107 2,020 172,895 5,521 18,311 1,39D 968 2,330 4.611 634.008
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Notss to the Financial Statements for the Year Ended 31 August 2020 . continued Trustees. remuneratlon and expenses No Trustee received any remuneration during the year. Net expenditure Net expenditure is staled after charging.. 2020 2019 Hire of other assets - operating leases (Profitllloss on sale of intangible fixed assets Depreciation of owned assets 31,869 33,194 438 4,646 4,611 Employees. rernungration The average number of persons employed by the charity (including trustees) during the year was as follows.. 2020 No. 2019 No. offi and managment 12 The aggregate payroll costs of these persons were as k)Ilows'. 2020 2019 Wages and salaries Social security Other pension costs 241,746 14,397 14,600 270,743 242,910 15.938 14,057 272,905 Taxatlon The company is a registered charity and is, therefore, exempt from taxation. Page 15
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Educatlon Ltd Notes to the Financial Ststements for the Year Ended 31 August 2020 . continued Tangible fixed assets Flxtures, fittSngs and equipment Cost As at I September 2019 Additrons As at 31 August 2020 30,986 492 31,478 Depreciation As al 1 September 2019 Charge for the year As at 31 August 2020 16,008 4,611 20,619 Net book value As al 31 August 2020 As at 31 August 2019 10,859 14,978 Stocks and work In progress 2020 2019 Stocks 47,035 87.802 10 Debtors 2020 2019 Trade debtors Amounts from subsidiary and associated undertakings Other debtors Prepayments and accrued income 50,604 2,971 2,827 9,356 65,758 49,145 3,053 10,413 62.611 Page 16
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Notes to the Financial Statements for thè Year Ended 31 August 2020 continued 11 Creditors: Amountg falling due within one year 2020 2019 Trade creditors Amounts owed to group undertakings Taxation and social security Other creditors Accruals and deferred income 24.608 88,953 5,904 5,606 3.529 1,009 8.820 37,966 75,916 176,379 12 Members. liabilty The charity is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. 13 Operating lease commltments As at 31 August 2020 the charity had annual commitments under non-cancellable operating leases as follows-. Operating leases which expire.. 2020 2019 Within one year Within and five years 30.000 2.136 60,000 62,136 30,000 The amount of non-cancellable operating lease payments recognised as an expense during the year was £31,86912019 - £33.1941. Page 17
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Notes to the Financial Statements for the Year Ended 31 August 2020 continued 14 Pension scheme Dellned ¢ontribution penslon scheme The charity oporales a defined contribLtlion pension scheme. The pension cost charge for the period represents contrs'bulions payable by the charity to the scheme and amounted lo £14,600 (2019 £14,057). There were no outstanding or prepaid contributions at either the beginning or end of the financial year. Page 18
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Notes to the Financial Statements for the Year Ended 31 August 2020 . continued 15 Related parties Controlling entity There is no single controlling entity. Related party transactions Key management personnel comprises the Trustees of the charity detailed on page 1 of the Annual Report and the Chief Executive of the charity who is not a Trustee. Key management compensation paid for the year comprised salaries and short temi employee benefits of £11.87612019 £11,530 and contributions to a defined contributson pension scheme of £10,30612019 - £10,3061- The company occupies premises owned by X-PERT Health Community Interest Company, a company associated with key management. The value of the Service provided has not been quantified. 16 Analysis of funds At1 Septemb&r 2019 Incomlng resources Resources expended At31 August 2020 Tr4n$f• General Funds Unrestricted income fund 483,171 405,080 1634,0081 67,261 321,504 Restricted Funds Restricted income fund 33,629 133,6291 516.800 405.080 1634,008) 33,632 321,504 Grants have been received which finan the ongoing costs. including project running costs, salaries and activity costs,of engagement with health professionals and patients by provision of courses, training. demonststion and materials designed to manage diabetes and insulin-related conditions. During the year no grants were received {2019 - £NILI received in respect of the improvement in the prevents'on of diabetes through targetted projects. Page 19
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Educatlon Ltd Notes to the Financial Statements for the Year Ended 31 August 2020 . continued 17 Transfers Funds transferred of £33,629 12019 - £0) during the year represent grants released lo meet costs incurred. 18 Nel assets by fund Unrestricted Funds Totsl Funds 2020 Total Funds 2019 Tangible assets Current assets Creditors.. Amounts falling due within one year Net assets 10,859 348.611 137,9661 321,504 10,859 348,611 137,9661 321,504 14,978 678,201 {176,3791 516,800 Page 20
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd ststement of financial activities by fund Year Ended 31 August 2020 Unrestrictèd Unrestrl¢ted income fund income fund 2020 2019 Incoming r050urces Incoming resources from generated funds Activities for generating funds Total incoming resources 405.080 405,080 765,088 765,088 Resources expended Costs of generating funds Fundraising trading". cost of goods sold and other costs Total resources expended 634,008 634,008 798,414 798.414 Net expendire fOre transfers 1228.9281 {33,326) Transfers Gross transfers btheen funds 67,261 Net movements in funds 1161,6671 133,326} Reconclliation of funds Total funds brought fomard Total funds Carried forward 483,171 321,504 516.497 483,171 This page does not fomi part of the statutory financial stalemenls. Page 21
Docusign En¥ÈlopÈ ID." 1E32D417477041FC-80FD-FBC24BSC9895 X-PERT Health Training and Education Ltd Statement of financial activities by fund Year Ended 31 August 2020 continued Restrlcted Restrl¢t income fLtnd irtcome fund 2020 2019 Net expenditure before transfers Transfers Gross transfers between funds (33.6291 Net movements in funds 133,6291 Reconciliatlon of funds Total funds brought foTward Total funds carried forward 33,629 33,629 33,629 This page does not form part of the statutory financial statements. Page 22