Registered Charity number 1144675 Registered Company number 07380030 ( England and Wales)
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD (a Company limited by guarantee) Unaudited Financial Statements for the year ending 30 September 2021
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD Report and accounts Contents
| Page | |
|---|---|
| Legal and administrative information | |
| Trustees Report | 1 to 10 |
| Independent examiners report | 11 |
| Statement of financial activities | 12 |
| Balance sheet | 13 |
| Notes to the financial statements | 14 to 17 |
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD Company Information
Trustees
Dr C A Johnson (Business Manaement Consultant) S Singh Student( IT Configuration Specialists) D S Riat
Secretary
Ms G Jones ( Educationalist
Independent Examiner
KATHY O DONNELL FCCA 35 HILL LANE BASSETTS POLE SUTTON COLDFIELD
B75 6LE
Bankers
TSB Bank PLC 63-65 CAPE HILL SMETHWICK B66 4SF
Registered office
157 WOOD LANE CENTRE ( 1ST FLOOR) WEST BROMWICH WEST MIDLANDS B70 9PT
Registered number 1144675
1
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD Independent Examiners' report to the Trustees of COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD
I report to the charity trustees on my examination of the accounts of the Company for the year ending 30 September 2021 which is set out on Pages 2 to 14
As the charity's trustees of the Company ( and also the directors for the purposes of company law),you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination,I report in respect of my examination of your charitys accouints as carried out under section 145 of the Charities Act 2011('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examation,I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that:
-
accounting records were not kept in respect of the Company as required by section 386 of the2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of secton 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of the independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 eanable a proper understanding of the account to be reached.
KATHY O DONNELL FCCA Chartered Certified Accountants
35 HILL LANE BASSETTS POLE SUTTON COLDFIELD
B75 6LE
30 June 2022
11
| COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD Registered number: 1144675 Balance Sheet as at 30 September 2021 Notes Fixed assets Intangible assets Tangible assets 3 Current assets Debtors 5 Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Provisions for liabilities Net assets Income Funds Income Funds ( unrestricted) 7 Income Funds ( restricted) 8 |
- - |
UnrestricteRestricted Funds Funds 2021 2021 £ £ - - 215 1,533 215 1,533 - 10,657 5,035 (27) (6,151) - - 10,845 417 - - - - 10,845 417 10,845 - 417 |
Total Funds 2021 2020 £ £ - - 1,748 2,042 |
|---|---|---|---|
| 1,748 2,042 - - 15,692 11,916 |
|||
| - - |
15,692 11,916 (6,178) (3,500) - - 11,262 10,458 - - - - |
||
| 11,262 10,458 |
|||
| 10,845 9,357 417 1,101 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
DR C A JOHNSON Trustee Approved by the board on 30 June 2022
13
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD STATEMENT OF FINANCIAL ACTIVITIES(INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 30 September 2021
| Receipts Donations and legacies Grants Voluntary income Other Income Jrs Grants Charitable Activities Project Management Volunteer expenses Insurance Consultancy fees Adminstration Stationery and printing Training Advertising and PR Computer costs and software Travel expenses Telephone and internet Room Hire Salaries and Pensions Accountancy Fees and Subscriptions Professional fees Sundry expenses Other Depreciation -Restricted Sub Total Net Receipts ( Payments) Total Funds Brought Forward Income Funds Carry Forward |
Unrestricted Funds 2021 £ 0 0 0 4,395 14,484 18,879 - - 294 - - 20 - - - - 151 1,480 14,946 500 - - - - - 17,391 - 1,488 9,357 - 10,845 |
Restricted Funds 2021 £ 0 74,300 0 0 0 74,300 74,984 - - - - - - - - - - - - - - - - - - 74,984 - (684) 1,101 - 417 |
Total Funds 2021 £ 0 74,300 0 4,395 14,484 93,179 74,984 0 294 0 0 20 0 0 0 0 151 1,480 14,946 500 0 0 0 0 0 92,375 - 804 10,458 - 11,262 |
Total Funds 2020 £ 0 34,391 130 2,400 6,638 |
|---|---|---|---|---|
| 43,559 | ||||
| 20,690 200 - - - 239 - - 818 150 499 97 10,862 500 - 400 - - 345 |
||||
| 34,800 | ||||
| - | ||||
| 8,759 | ||||
| 1,699 - |
||||
| 10,458 |
The statement of financial activities also complies with the requirements for and income and expenditure account under the Companies Act 2006.
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Receipts
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
At the time of approving he financial satements, the trustees have a reasonable expectation that the charity has adquate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Charitable funds
Unrestricted funds are available for use at the iscretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purpose. Restricted funds are subject to specific conditions by donors as to how they may be used . The purposes and uses of restricted funds are set out in the notes to the financial statements.
Incoming resources
These are included in the Statement of Financial Activities (SOFA) when:
The charity beomes legally entitled to the resources after ay performance conditionshave been met : the trustees are virtually cerain that they will receive the resources: and the monetary value can be measured with sufficient realiablity. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Incoming resources with related expenditure
When incoming resources have related expenditure ( as with fundraising or contract income) both are reported gross in the SOFA.
Resources expended
Charitiable activities include all costs relating to general adminstration, which support the charitable purpose.
Grants offered subject to conditions, which have not been met at the year-end date are noted as a commitment, but not a accrued as expenditure.Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular heading they have been allocated to activities on a basis consistent with the use of the resources.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
14
NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2021
Charitable funds
Unrestricted funds are available for use at the iscretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purpose. Restricted funds are subject to specific conditions by donors as to how they may be used . The purposes and uses of restricted funds are set out in the notes to the financial statements.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixture and fittings -10% Reducing Value Office Equipment- 20% Reducing Value
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with bankers, other short term liquid investments with original maturities of three months or less, and ban overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
The charity has elected to apply the provisions Section 11 "Basic Financial Instruments" and Section 12 " Other Financial Issues" of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to contractural provisions of the insutrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the assets and settle the liability simultaneously.
Basis Financial assets
Basic financial assets which include debtors and cash and bank balances. are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the the future receipts discounted at a market value of interest. Financial assets classified as receivable within one year are not amortised.
Basis Financial liabilities
Basic financial liabilities which include credits and bank loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instruments measured at the present vlaue of the future payments discounted at a market rate of interest.Financial liabilities classified as payable within one year arenot amortised.
De-recogition of Financial liabilities
Financial liabilities are derecognised when the charity's contractural obligations expire or are discharged or cancelled.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
| Employees Average number of persons employed by the company 2 Capital accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision effects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
2021 Number 2 |
2020 Number 1 |
|---|---|---|
15
NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2021
NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2021
| NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2021 |
||
|---|---|---|
| Receipts Donations and legacies Grants Voluntary income Other Income Jrs Grants Charitable Activities Project Management Volunteer expenses Insurance Consultancy fees Adminstration Stationery and printing Training Advertising and PR Computer costs and software Travel expenses Telephone and internet Room Hire Salaries and Pensions Accountancy Fees and Subscriptions Professional fees Sundry expenses Other Sub Total |
UnrestricRestrictedTotal Total Funds Funds Funds 2021 2021 2021 2020 £ £ £ £ 0 0 0 0 0 74300 74300 34,391 0 0 0 130 4395 0 4395 2,400 14484 0 14484 6,638 18879 74300 93179 43,559 0 74984 74984 20,690 0 0 0 200 294 0 294 - 0 0 0 - 0 0 0 - 20 0 20 239 0 0 0 - 0 0 0 - 0 0 0 818 0 0 0 150 151 0 151 499 1480 0 1480 97 14946 0 14946 10,862 500 0 500 500 0 0 0 - 0 0 0 400 0 0 0 - 0 0 0 345 17391 74984 92375 34,800 |
|
| 18879 | 74300 93179 43,559 |
|
| 0 0 294 0 0 20 0 0 0 0 151 1480 14946 500 0 0 0 0 |
74984 74984 20,690 0 0 200 0 294 - 0 0 - 0 0 - 0 20 239 0 0 - 0 0 - 0 0 818 0 0 150 0 151 499 0 1480 97 0 14946 10,862 0 500 500 0 0 - 0 0 400 0 0 - 0 0 345 |
|
| 17391 | 74984 92375 34,800 |
16
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2021
| 0 0 3 Tangible fixed assets Cost At 1 October 2020 Additions Disposals At 30 September 2021 Depreciation At 1 October 2020 Charge for the year At 30 September 2021 Net book value At 30 September 2021 At 30 September 2020 7 Funds Unresctricted At 1 October 2020 At 30 September 2021 8 Funds Resctricted At 30 September 2021 |
- - - - - - - - - - - - -- - - 2021 £ 10845 2021 £ 417 417 |
Total £ 6488 0 0 |
|---|---|---|
| 6488 | ||
| 4446 294 |
||
| 4740 | ||
| 1748 | ||
| 2042 | ||
| 2020 £ 9357 |
||
| 9357 | ||
| 2020 £ 1,101 |
||
| 1101 |
9 Other information
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD is a private company limited by guarantee and incorporated in England. Its registered office is:
157 WOOD LANE
CENTRE ( 1ST FLOOR)
WEST BROMWICH
WEST MIDLANDS
B70 9PT
17
Registered Charity number 1144675 Registered Company number 07380030 ( England and Wales)
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD (a Company limited by guarantee) Unaudited Financial Statements for the year ending 30 September 2021
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD Report and accounts Contents
| Page | |
|---|---|
| Legal and administrative information | |
| Trustees Report | 1 to 10 |
| Independent examiners report | 11 |
| Statement of financial activities | 12 |
| Balance sheet | 13 |
| Notes to the financial statements | 14 to 17 |
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD Company Information
Trustees
Dr C A Johnson (Business Manaement Consultant) S Singh Student( IT Configuration Specialists) D S Riat
Secretary
Ms G Jones ( Educationalist
Independent Examiner
KATHY O DONNELL FCCA 35 HILL LANE BASSETTS POLE SUTTON COLDFIELD
B75 6LE
Bankers
TSB Bank PLC 63-65 CAPE HILL SMETHWICK B66 4SF
Registered office
157 WOOD LANE CENTRE ( 1ST FLOOR) WEST BROMWICH WEST MIDLANDS B70 9PT
Registered number 1144675
1
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD Independent Examiners' report to the Trustees of COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD
I report to the charity trustees on my examination of the accounts of the Company for the year ending 30 September 2021 which is set out on Pages 2 to 14
As the charity's trustees of the Company ( and also the directors for the purposes of company law),you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination,I report in respect of my examination of your charitys accouints as carried out under section 145 of the Charities Act 2011('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examation,I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that:
-
accounting records were not kept in respect of the Company as required by section 386 of the2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of secton 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of the independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 eanable a proper understanding of the account to be reached.
KATHY O DONNELL FCCA Chartered Certified Accountants
35 HILL LANE BASSETTS POLE SUTTON COLDFIELD
B75 6LE
30 June 2022
11
| COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD Registered number: 1144675 Balance Sheet as at 30 September 2021 Notes Fixed assets Intangible assets Tangible assets 3 Current assets Debtors 5 Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Provisions for liabilities Net assets Income Funds Income Funds ( unrestricted) 7 Income Funds ( restricted) 8 |
- - |
UnrestricteRestricted Funds Funds 2021 2021 £ £ - - 215 1,533 215 1,533 - 10,657 5,035 (27) (6,151) - - 10,845 417 - - - - 10,845 417 10,845 - 417 |
Total Funds 2021 2020 £ £ - - 1,748 2,042 |
|---|---|---|---|
| 1,748 2,042 - - 15,692 11,916 |
|||
| - - |
15,692 11,916 (6,178) (3,500) - - 11,262 10,458 - - - - |
||
| 11,262 10,458 |
|||
| 10,845 9,357 417 1,101 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
DR C A JOHNSON Trustee Approved by the board on 30 June 2022
13
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD STATEMENT OF FINANCIAL ACTIVITIES(INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 30 September 2021
| Receipts Donations and legacies Grants Voluntary income Other Income Jrs Grants Charitable Activities Project Management Volunteer expenses Insurance Consultancy fees Adminstration Stationery and printing Training Advertising and PR Computer costs and software Travel expenses Telephone and internet Room Hire Salaries and Pensions Accountancy Fees and Subscriptions Professional fees Sundry expenses Other Depreciation -Restricted Sub Total Net Receipts ( Payments) Total Funds Brought Forward Income Funds Carry Forward |
Unrestricted Funds 2021 £ 0 0 0 4,395 14,484 18,879 - - 294 - - 20 - - - - 151 1,480 14,946 500 - - - - - 17,391 - 1,488 9,357 - 10,845 |
Restricted Funds 2021 £ 0 74,300 0 0 0 74,300 74,984 - - - - - - - - - - - - - - - - - - 74,984 - (684) 1,101 - 417 |
Total Funds 2021 £ 0 74,300 0 4,395 14,484 93,179 74,984 0 294 0 0 20 0 0 0 0 151 1,480 14,946 500 0 0 0 0 0 92,375 - 804 10,458 - 11,262 |
Total Funds 2020 £ 0 34,391 130 2,400 6,638 |
|---|---|---|---|---|
| 43,559 | ||||
| 20,690 200 - - - 239 - - 818 150 499 97 10,862 500 - 400 - - 345 |
||||
| 34,800 | ||||
| - | ||||
| 8,759 | ||||
| 1,699 - |
||||
| 10,458 |
The statement of financial activities also complies with the requirements for and income and expenditure account under the Companies Act 2006.
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Receipts
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
At the time of approving he financial satements, the trustees have a reasonable expectation that the charity has adquate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Charitable funds
Unrestricted funds are available for use at the iscretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purpose. Restricted funds are subject to specific conditions by donors as to how they may be used . The purposes and uses of restricted funds are set out in the notes to the financial statements.
Incoming resources
These are included in the Statement of Financial Activities (SOFA) when:
The charity beomes legally entitled to the resources after ay performance conditionshave been met : the trustees are virtually cerain that they will receive the resources: and the monetary value can be measured with sufficient realiablity. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Incoming resources with related expenditure
When incoming resources have related expenditure ( as with fundraising or contract income) both are reported gross in the SOFA.
Resources expended
Charitiable activities include all costs relating to general adminstration, which support the charitable purpose.
Grants offered subject to conditions, which have not been met at the year-end date are noted as a commitment, but not a accrued as expenditure.Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular heading they have been allocated to activities on a basis consistent with the use of the resources.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
14
NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2021
Charitable funds
Unrestricted funds are available for use at the iscretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purpose. Restricted funds are subject to specific conditions by donors as to how they may be used . The purposes and uses of restricted funds are set out in the notes to the financial statements.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixture and fittings -10% Reducing Value Office Equipment- 20% Reducing Value
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with bankers, other short term liquid investments with original maturities of three months or less, and ban overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
The charity has elected to apply the provisions Section 11 "Basic Financial Instruments" and Section 12 " Other Financial Issues" of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to contractural provisions of the insutrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the assets and settle the liability simultaneously.
Basis Financial assets
Basic financial assets which include debtors and cash and bank balances. are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the the future receipts discounted at a market value of interest. Financial assets classified as receivable within one year are not amortised.
Basis Financial liabilities
Basic financial liabilities which include credits and bank loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instruments measured at the present vlaue of the future payments discounted at a market rate of interest.Financial liabilities classified as payable within one year arenot amortised.
De-recogition of Financial liabilities
Financial liabilities are derecognised when the charity's contractural obligations expire or are discharged or cancelled.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
| Employees Average number of persons employed by the company 2 Capital accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision effects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
2021 Number 2 |
2020 Number 1 |
|---|---|---|
15
NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2021
NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2021
| NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2021 |
||
|---|---|---|
| Receipts Donations and legacies Grants Voluntary income Other Income Jrs Grants Charitable Activities Project Management Volunteer expenses Insurance Consultancy fees Adminstration Stationery and printing Training Advertising and PR Computer costs and software Travel expenses Telephone and internet Room Hire Salaries and Pensions Accountancy Fees and Subscriptions Professional fees Sundry expenses Other Sub Total |
UnrestricRestrictedTotal Total Funds Funds Funds 2021 2021 2021 2020 £ £ £ £ 0 0 0 0 0 74300 74300 34,391 0 0 0 130 4395 0 4395 2,400 14484 0 14484 6,638 18879 74300 93179 43,559 0 74984 74984 20,690 0 0 0 200 294 0 294 - 0 0 0 - 0 0 0 - 20 0 20 239 0 0 0 - 0 0 0 - 0 0 0 818 0 0 0 150 151 0 151 499 1480 0 1480 97 14946 0 14946 10,862 500 0 500 500 0 0 0 - 0 0 0 400 0 0 0 - 0 0 0 345 17391 74984 92375 34,800 |
|
| 18879 | 74300 93179 43,559 |
|
| 0 0 294 0 0 20 0 0 0 0 151 1480 14946 500 0 0 0 0 |
74984 74984 20,690 0 0 200 0 294 - 0 0 - 0 0 - 0 20 239 0 0 - 0 0 - 0 0 818 0 0 150 0 151 499 0 1480 97 0 14946 10,862 0 500 500 0 0 - 0 0 400 0 0 - 0 0 345 |
|
| 17391 | 74984 92375 34,800 |
16
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2021
| 0 0 3 Tangible fixed assets Cost At 1 October 2020 Additions Disposals At 30 September 2021 Depreciation At 1 October 2020 Charge for the year At 30 September 2021 Net book value At 30 September 2021 At 30 September 2020 7 Funds Unresctricted At 1 October 2020 At 30 September 2021 8 Funds Resctricted At 30 September 2021 |
- - - - - - - - - - - - -- - - 2021 £ 10845 2021 £ 417 417 |
Total £ 6488 0 0 |
|---|---|---|
| 6488 | ||
| 4446 294 |
||
| 4740 | ||
| 1748 | ||
| 2042 | ||
| 2020 £ 9357 |
||
| 9357 | ||
| 2020 £ 1,101 |
||
| 1101 |
9 Other information
COMMUNITY EDUCATION ACADEMY OF LEADERSHIP LTD is a private company limited by guarantee and incorporated in England. Its registered office is:
157 WOOD LANE
CENTRE ( 1ST FLOOR)
WEST BROMWICH
WEST MIDLANDS
B70 9PT
17