##
##
##
||Page|
|---|---|
|Reference and Administrative
Details ofthe Charity, its Trustees and Advisers|1-2|
|Trustees' Report|3-9|
|Independent
Examiner's
Report|10-11|
|Statement offinancial
Activities|12|
|Balance Sheet|13-14|
|Sfatement ofCash I=Iows||
|Notes to the Financial Statements|16-28|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2020|2020|2020|2019|
||||Note|||||
|Income from:||||||||
|Donations
and legacies
Charitable
activities|||2
3|374,453|343|343
374,453|221
624,340|
|Investments|||4|20,904||20,904|19,730|
|Total income||||395,357|343|395,700|644,291|
|Expenditure
on:||||||||
|Charitable
activities||||482,521||482,521|597,718|
|Total expenditure|||7|482,521||482,521|597,718|
|Net income before investment||||||||
|gains/(losses)
Net gains/(losses)|on investments||13|(87,164)
(6,249)|343|(86,821)
(6,249)|46,573
56,496|
|Net income I(expenditure)
before other
recognised
gains and losses||||(93,413)|343|(93,070)|103,069|
|Net movement
in|funds|||(93,413)|343|(93,070)|103,069|
|Reconciliation
of|funds:|||||||
|Total funds brought|foward|||743,675|417|744,092|641,023|
|||||650,262|760|651,022|744,092|
|Total funds carried forward||||||||
##
|||||||2020||2019|
|---|---|---|---|---|---|---|---|---|
|||||Note|||||
|Fixed assets|||||||||
|Tangible assets||||12||8,019||11,156|
|Investments||||13||721,541||657,790|
|||||||729,560||668,946|
|Current assets|||||||||
|Debtors|||||2,247||1,310||
|Cash at bank|and|in|hand||78,104||209,977||
||||||80,321||211,287||
|Creditors: amounts|||falling due within one||||||
|year||||15|(118,859)||(136,141)||
|Net current|(liabilities)iassets|||||(38,538)||75,146|
|Total assets|less|current liabilities||||691,022||744,092|
|Creditors: amounts|||f illing due after more||||||
|than one year||||16||(40„000)|||
|Net assets||||||651,022||744,092|
|Charity Funds|||||||||
|Restricted
funds||||17||760||417|
|Unrestricted|funds|||17||650,262||743,675|
|Total funds||||||651,022||744,092|
##
##
##
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
||||||Note|F||
|Cash flows from operating||activities||||||
|Net cash|(used in)/provided|by operating|activities||19|(119,988)|90,777|
|Cash flaws from investing||activities:||||||
|Dividends||||||20,904|19,730|
|Purchase|oftangible
fi&:ed assets|||||(2,789)|(8,263)|
|Proceeds|from sale of investments||||13|30,000||
|Purchase|of investments||||13|(100,000)||
|Net cash|(used in)/provided|by investing||activities||(51,885)|11,467|
|Cash flows from financing||activities:||||||
|Cash inflows from new borrowing||||||40,000||
|Net cash|provided
by financing
activities|||||40,000||
|Change|in cash and cash|equivalents|in|the year||(131,873)|102,244|
|Cash and|cash equivalents|brought
forward||||209,977|107,733|
|Cash and cash equivalents||carried forward|||20|78,104|209,977|
|The notes on pages 1bto 28 form part|||ofthese financial||statements.|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|2.|Income from donations|Income from donations|and legacies|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restncted|Total|Total|
|||||funds|funds|funds|funds|
|||||2020|2020|2020|2019|
||||||F|E|E|
||Donations||||343|343|221|
||Total 20'/9||||221|221||
|3.|Income from charitable||activities|||||
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
|||||2020|2020|2020|2019|
|||||E||||
||Course and Membership||income|374,453||374,453|624,340|
|||||374,453||374,453|624,340|
||Total 2019|||624,340||624,340||
|4.|Investment
income|||||||
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|fonds|
|||||2020|2020|2020|2019|
|||||||F||
||Dividend|income||||20,904|'l9,730|
|||||20,904||20,904|19,730|
||Total 2019|||19,730||19,730||
##
##
##
##
##
|Direct costs||||
|---|---|---|---|
||Course and|Total|Total|
||Membership|2G20|20'l9|
||E||E|
|Course Expenses
Advertising
and Website costs|304,207
14,561|304,207
14,561|423,123
18,82'l|
||318,768|318,768|441,944|
|Total 2019|441,944|441,944||
|Support costs||||
||Course and|Total|Total|
||Membership|2020|2019|
||E|F||
|Bursary
Rent, rates and services
Insurance
Telephone costs
Printing,
postage 8 Stationery
Sundries
Repairs and maintenance
Motor and trav
I
Other staff costs
Bank and credit charges
Staff training
Subscriptions
Storage
Computer expenses
Exchange (gain)lloss
Grant paid
Wages and salaries
National
insurance
Pension cost
Depreciation|5,625
2,718
617
1,070
335
132
6,974
2,969
1,260
360
4,389
(4,082)
7,305
76,030
3,997
3,693
5,926|5,625
2,718
617
1,070
335
132
6,974
2,969
1,260
360
4,389
(4,082)
7,305
76,030
3,997
3,693
5,926|300
7,500
2,666
678
1,331
525
175
469
1,195
3,773
618
1,220
360
2,845
2,528
7,000
67,597
2,945
3,377
7,261|
||119,318|119,318|'l'l4, 363|
|Total 2019|114,362|114,362||
##
##
##
##
##
|Analysis of|Analysis of|Expenditure|by|expenditure|type||||
|---|---|---|---|---|---|---|---|---|
|||||Staff costs|Depreciation|Other costs|Total|Total|
|||||2020|2020|2020|2020|20'l9|
||||||||E||
|Course|and|Me mbership|||||||
|Income||||83,720|5,926|348,440|438,086|556,306|
|Expenditure||on governance||35,613||8,822|44,435|41,412|
|||||119,333|5,926|357,262|482,521|597,718|
|Total 2019||||107,003|7,261|483,453|597,717||
|Analysis of||expenditure|by|activities|||||
||||||Activities||||
||||||undertaken|Support|||
||||||directly|costs|Total|Total|
||||||2020|2020|2020|2019|
||||||F||||
|Course|and|Membership|income||318,768|119,318|438,086|556,306|
|Total 2019|||||441,944|114,362|556,306||
|Net income/(expenditure)|||||||||
|This is|stated after charging:||||||||
||||||||2020|2019|
|Depreciation
ol tangible
fixed
-owned
by the charity||||assets:|||5,926|7,261|
##
##
##
##
|Staff costs
Staff costs were as follows:|||
|---|---|---|
||2020|2019|
|Wages and salaries
Social security costs
Other pension costs|111,643
3,997
3,693|98,7"l4
4,912
3,377|
||119,333|107,003|
|The average|number|ofpersons employed
by the charity|during the year was as follows:||
|---|---|---|---|---|
||||2020|2019|
||||No.|No.|
|Admintration
and Finance
Course co-ordination
and Marketing|||2
3|2
3|
##
##
##
##
|3.|Fixed asset inv|estme|n|ts||||
|---|---|---|---|---|---|---|---|
||||||||Unlisted|
||||||||securities|
||||||||'E|
||Market value|||||||
||At 1 August 2019
Additions
Disposals
Revaluations||||||657,790
100,000
(30,000)
(6,249)|
||At 31 July 2020||||||721,541|
||Investments
at|market value|||comprise:|2020|2019|
||||||||E|
||Charities
investment||Fund|||721,541|657,790|
||All the fixed asset investments||||are held in the UK|||
|14.|Debtors|||||||
|||||||2020|2019|
||Other debtors
Prepayments
and accrued income|||||181
2,036|1,310|
|||||||2217|1,310|
|15.|Creditors: Amounts|||falling due within one year||||
|||||||2020|2019|
||||||||E|
||Trade creditor.
Other taxation
and social security
Accruals and deferred
income|||||6,997
1,353
110,509|24,464
1,156
110,521|
|||||||118,859|136,141|
##
##
##
|Deferred|income|||
|---|---|---|---|
|Deferred|income|at 1 August 2019|74,859|
|Resources deferred
during the year||||
|Amounts|releas|d from previous
years||
|Deferred|income|at 31 July 2020|74,859|
##
##
##
##
##
|||Balance at||||||
|---|---|---|---|---|---|---|---|
|||1August|||Transfers|Gaina'|Balance at|
|||2018|Income|Expenditure|in/out|(Losses)|31Ju/y 2019|
||||E|||E|E|
|Generat funds||||||||
|General Funds -
Fixed Asset|all funds|630,373
10,154|635,807
8,263|(5'157)
(7,261)|(8,000)|56,496|732,519
1'I,156|
|Scholarship
8 Hardship||||||||
|funding||||(8,000)|8,000|||
|||640,527|644,070|(597,418)||56,496|743,675|
|Restricted funds||||||||
|Bursary donation|||221|(300)|||417|
|Summary|offunds|- current year||||||
||||Balance at||||Balance at|
||||1 August|||Gains/|31July|
||||2019|Income|Expenditure|(Losses)|2020|
|General funds|||743,675|395,357|(482,521)|(6,249)|650,262|
|Restricted funds|||417|343|||760|
||||744,092|395,700|(482,521)|(6,249)|651,022|
|Summary|offunds|- prior year||||||
||||Balance at|||||
||||1August|||Gaina'|Balance at|
||||2018|Income|Expenditure|(Losses)|31Ju/y 2019|
|General funds|||640,527|644,070|(597,418)|56,496|743,675|
|Restricted funds|||496|221|(300)||417|
||||641,023|644,291|(597,718)|56,496|744,092|
##
##
##
##
##
|Analysts ofnet assets between funds - current year||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2020|2020|2020|
||||E|
|Tangible fixed assets|8,018||8,018|
|Fixed asset investments|721,541||721,541|
|Current assets|79,564|760|80,324|
|Creditors due within one year|(118,861)||(118,861)|
|Creditors due in more than one year|(40,000)||(40,000)|
||650,262|760|651,022|
|Analysis of net assets between funds - prior year||||
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2019|2019|2019|
|Tangible axed assets|11,156||11,156|
|Fixed asset investmenl. s|657,790||657,790|
|Current assets|210,870|417|211,287|
|Creditors due within one year|(136,14'I)||(136,141)|
||743,675|417|744,092|
##
##
|19.|Reconciliation
ofnet|Reconciliation
ofnet|movement|movement|in funds|to net cash|flow from operating|activities||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
||||||||||E|
||Net (expenditure)/income||for the year (as per Statement||||of Financial|||
||Activities)|||||||(93,070)|103,069|
||Adjustment
for:|||||||||
||Depreciation
charges|||||||5,926|7,261|
||Gains on investments|||||||6,249|(56,496)|
||Dividends,
interest and||rents from investments|||||(20,904}|(19,730)|
||(Increase)/decrease|in|debtors|||||(907)|1,722|
||(Decrease)/increase|in|creditors|||||(17,282)|54,951|
||Net cash (used in)/provided|||by|operating|activities||(119,988)|90,777|
|20.|Anatysis ofcash and||cash equivalents|||||||
|||||||||2020|2019|
||Cash
in hand|||||||78,104|209,977|
||Total|||||||78,104|209,977|
##
##
##
##