Beckton Skills Centre Annual report and financial statements Year ended 31 August 2020 Charity no. 1152580 Andy Nash Accounting& ConstanCY =
Beckton Skills Centre Annual report and financial statements Year ended 31 August 2020
Contents
Contents
| Legal and administrative information | 2 |
|---|---|
| Trustees’ annual report | 3 |
| Independent examiner’s report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 |
Registered charity no. 1152580
1
Legal and administrative information
Beckton Skills Centre Annual report and financial statements Year ended 31 August 2020
Legal and administrative information
| Charity name | Beckton Skills Centre | |
|---|---|---|
| Charity registration no. | 1152580 | |
| Company registration no. | CE000508 | |
| Registered office | 7 Hillcroft Road | |
| Beckton | ||
| London | ||
| E6 6LW | ||
| Trustees | Mrs J Chant | (Chair – appointed 9 October 2019) |
| Mr J Allen | (Chair – resigned 9 October 2019) | |
| Mrs L Al-Kazwini | (resigned 26 May 2021) | |
| Mr J Carmona | (appointed 22 January 2020) | |
| (resigned 26 May 2021) | ||
| Mrs C Dey | ||
| Mr S Henderson | (appointed 22 January 2020) | |
| Mr F Kadar | (appointed 22 January 2020) | |
| Mr D Lavictoire | ||
| Mr B Robb | (appointed 22 January 2020) | |
| Independent examiner | Andy Nash Accounting & Consultancy | Ltd |
| Units 24 & 25 | ||
| Goodsheds Container Village | ||
| Hood Road | ||
| Barry | ||
| CF62 5QU | ||
| Principal bankers | Lloyds Bank Plc | |
| East Ham Branch | ||
| 14 High Street North | ||
| London | ||
| E6 2HN |
Registered charity no. 1152580
2
Beckton Skills Centre Annual report and financial statements Year ended 31 August 2020
Trustees’ annual report
Trustees’ annual report
The Board of Trustees submit their annual report and the financial statements of Beckton Skills Centre for the year ended 31 August 2020. The Board of Trustees confirm that the annual report and financial statements of the Charity comply with current statutory requirements, including the Charity Act 2011, as well as the requirements of the Charity's governing document and the provisions of the ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Objectives and activities
Objects
The objects of the Charity are set out in the Charity’s governing document and are to advance the education of young people under the age of 25 years old by developing their individual capabilities and understanding of the subjects of educational value through accredited vocational training, life skills and leisure time activities.
Activities
The main activities of the Charity are to provide vocational training courses to disadvantaged young people in the Beckton area within the motor industry.
This is also supported through summer projects as well as supporting the students to achieve their aims with information, advice and guidance.
Throughout the process of determining these activities, the Trustees confirm that they have complied with their duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity.
Achievements and performance for 2019-2020
Beckton Skills Centre (BSC) has continued to fulfil its mission statement to deliver high quality vocational training to disadvantaged young people. This was achieved despite the most significant challenge in its history faced during the year, - the Covid 19 pandemic.
In October 2019 it was agreed to expand the Board of Trustees to bring fresh ideas and expertise to the Board. The centre was fortunate to be able to access a Board recruitment ‘Boardmatch’ event organised by East London Business Alliance. From this the centre was able to secure 4 new Trustees and the Board welcomed the opportunity to work with them in future.
The Board of Trustees has worked with the staff and volunteers to identify and evaluate alternative funding
provisions and seek opportunities for collaborative work with other agencies. Currently work is being undertaken in the procurement process for DWP (Department for Work and Pensions). If successful, this will enable the Centre to contract directly with Jobcentre Plus. BSC has also made some progress in its efforts to make optimum use of existing site facilities and has gained accreditation with City & Guilds to deliver the Award in Hybrid & Electric Vehicle Systems qualification. In line with the Government’s strategy, particularly in London, to reduce the number of fuelled vehicles on the roads in favour of electric vehicles. Another development was to deliver standalone VRQ’s (Vocationally Related Qualifications) enabling learners to improve their knowledge, skills and understanding of specific areas of employment.
Despite the unexpected halt in training for part of the year, the number of trainees overall has remained steady over the financial year, with a total of 51 students enrolled, including self-funded and partnership placements (North London Garages) and our summer Go Kart project. It was anticipated that further traineeship opportunities and targeted workplace skills training with other providers, including Community Links, a registered charity focusing on developing life skills for hard-to-reach communities, would offset short-term fluctuations in income. However, with most offices and centres being closed during the pandemic and face-to-face meetings postponed, this will be the focus once things are restored to the ‘new’ normal. The pandemic forced the Board to look at how we could continue to deliver training to young people and maintain their progression with the centre being forced to close for face-to-face training for an uncertain period. A strategy was formed with new training plans written and delivered by the highly experienced trainers. Risk assessments were revised, and a stringent hygiene and sanitising routine was adopted to prepare for them returning to the centre when it was safe to do so.
Grant funding has continued to play a significant part in ensuring that BSC was able to deliver vital support and training services. BSC’s core funding opportunities diminished as many funding streams swiftly changed their priorities to support urgent front-line projects, such as food banks. However new funding streams were launched and through this the centre was able to secure funding from Tesco Bags of help (£500) and the London Funders Covid Response (£11320), to develop online learning tutorials, appropriate to the skills levels of the learners. In addition, East End Community Foundation supported the Delivering differently programme with a grant of £7000, which enabled us to purchase additional sets of tools and equipment to prevent sharing and thus improve infection control. We were also fortunate to secure a grant of £5000 from the Truemark Trust to enable us to purchase specialist training equipment. A grant of £400 from the Marsh Christian Trust supported core costs. These vital grants allowed the Centre to maintain contact with vulnerable
Registered charity no. 1152580
3
Trustees’ annual report
Annual report and financial statements Year ended 31 August 2020
Beckton Skills Centre
young people and continue with their development and learning, albeit not on site for many months.
The Centre also secured funding of £19,998 from ESFA Community training grants to enable it to run a 50+ employability programme to respond to local needs following many local people losing their jobs during these unprecedented times. The programme will be run from September onwards.
Funding from Newham Giving enabled the Centre to run its ever-popular summer Go Kart project - Build it, Race it, although numbers had to be reduced owing to maintaining social distancing. However, it gave an introduction to the motor vehicle industry with opportunities for progressing on to the September 2020 Level 1 foundation course.
The Trustees recognise that the hard work and dedication of BSC’s staff, volunteers and external trainers has been pivotal in ensuring that the Centre continues to provide life-changing opportunities for young people with greatly diminished life chances. This year has proved to be hugely challenging, and yet the positivity and proactive work that has been undertaken displays the commitment the Centre is so fortunate to have. On behalf of the board members, I would like to express our sincere thanks and appreciation to everyone that has contributed above and beyond our expectations. We look forward to the forthcoming year with exciting expectation for fresh challenges.
Plans for the future
Over the coming year the Trustees will work closely with BSC staff to achieve the changes necessary and ensure that BSC continues to provide life-changing opportunities for disadvantaged young people.
Response to COVID-19
In line with the Government’s guidelines, Beckton Skills Centre initially reviewed it’s operations and increased the format and regularity of cleaning and sanitising the centre. The centre remained open to accommodate any young person who may be part of a school which had remained open. However, with the unprecedented threat of COVID-19 and Government advice changing daily, businesses and social centres had to close down for the foreseeable future which left the centre unable to fundraise for planned programmes until the threat has subsided. The training team remained in contact with all young people currently training at the centre to offer telephone support and help, whilst they developed new resources and upgraded the website for distant learning, aided with a small grant of £500 from Tesco Bags of Help COVID-19 Communities Fund. In addition, regular contact, through social media, phone calls and tutorials enabled the centre to continue the momentum of learning whilst monitoring students’ health and welfare and signposting them to additional help if appropriate.
With the Centre not able to deliver face to face training, many normal funding streams stopped so the Trustees focussed on researching appropriate development grants and possible emergency funding, which was challenging owing to many funders either suspending or changing their grant funding criteria to support front line charities such as food banks. Unfortunately, the centre did not meet the criteria for a small business rates relief grant in the first tranche of support for small businesses.
In preparation for re-opening, a new risk assessment was developed, and a learner health questionnaire compiled to be completed before commencing training sessions, along with an instructional video on COVID19 to help young people understand why they need to follow the new regime and how the virus works, to maintain their health and that of the staff.
The focus is now on future planning and fundraising to allow for successful delivery of programmes using up to date guidelines. Owing to having a robust Reserves policy, the centre can retain the key trainers, in a scaled down capacity, to ride through the most challenging crises in its history and be ready for post Covid 19 recovery and delivery.
Financial review
During the current financial year, the Charity achieved a surplus of £4,843 (2020: deficit of £26,842), increasing total reserves at year end to £167,189 (2020: £162,346).
Of the reserves held at year end £167,189 were unrestricted in nature (2020: £159,774).
Reserves policy
The Charity has a reserves policy that requires a minimum of twelve months of operating costs to be held at any point as net current assets (i.e. excluding any fixed assets such as the leasehold or equipment) – this has been increased from six months due to a large number of contracts coming to an end over the next twelve-month period. This ensures the Charity is able to pay the salaries of existing staff and other ongoing financial commitments such as rent, insurance and similar costs.
This currently equates to c. £141,000. The current free reserves of £167,189 exceeds this amount, however, once fixed assets are removed from this amount, the available net current assets are only £122.153, below the reserves policy outlined above.
Registered charity no. 1152580
4
Trustees’ annual report
Beckton Skills Centre
Annual report and financial statements Year ended 31 August 2020
Structure, governance and management
Governing document
The Charity was registered on 25 June 2013 as a charitable incorporated organisation (CIO) controlled by its constitution and whose only voting members are the Trustees.
Recruitment and appointment of Trustees
Trustees are elected onto the Board through nomination by the current Trustee Board. New Trustees are provided with an induction by the current members. In the last twelve months BSC has successfully recruited several new trustees through the support of the East London Business Alliance who hold regular trustee recruitment events for local charities.
Under the governing document, the number of Trustees shall not be less than three with a maximum of twelve. A quorum is formed when one half of the Trustees are present or three, whichever is the greater number. All decisions are made by the Trustees.
Management structure
The main decision-making body is the Board of Trustees and major decisions are made in general meetings with the administrator. The administrator is responsible for maintaining the focus of the Charity on its activities. This role includes development activity, fundraising, and general administration. The administrator is assisted by a small dedicated team of staff and instructors whose duties are agreed by the Trustees. The Trustees receive neither remuneration, expenses nor benefits from the Trust, unless permitted by the agreed constitution. The Board of Trustees and the administrator are responsible for maintaining the focus of the Trust on its charitable activities. This role includes supporting the administrator with development activity, fundraising and general administration.
Statement of Board of Trustees’ responsibilities
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.
Charity law requires the Trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Under charity law the Trustees must not approve the financial statements unless they are satisfied that they
give a ‘true and fair’ view of the state of affairs of the Charity and of the excess of income over expenditure for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and,
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue its activities.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Charity and to prevent and detect fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charity’s website.
Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the Trustees confirm that they are happy that the content of the Annual Review in pages 3-5 of this document as well as the legal and administrative information on page 2, meet the requirements of the Trustees’ Annual Report under charity law.
They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.
This report was approved and authorised for issue by the Board of Trustees on 8 June 2021 and signed on its behalf by:
Julie Chant
Julie Chant
Chair of the Board of Trustees
Registered charity no. 1152580
5
Beckton Skills Centre Annual report and financial statements Year ended 31 August 2020
Independent examiner’s report
Independent examiner’s report to the Board of Trustees of Beckton Skills Centre Charitable Incorporated Organisation (CIO)
I report to the trustees on my examination of the accounts of Beckton Skills Centre (charity number 1152580) for the year ended 31 August 2020 set out on pages 7 to 16.
Respective responsibilities of trustees and examiner
The CIO’s trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Charities Act). The CIO’s trustees consider that an audit is not required for this year under section 144 of the Charities Act and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and,
-
to state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the CIO’s trustees as a body. My work has been undertaken so that I might state to the CIO’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the CIO and the CIO’s trustees as a body for my examination work, for this report, or for the statements I have made.
Basis of independent examiner’s statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the CIO 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 the trustees concerning any such matters.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the CIO as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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 enable a proper understanding of the accounts to be reached.
Andrew Philip Nash ACA
Member of the Institute of Chartered Accountants in England and Wales – 2461833
Dated: 18 June 2021
Andy Nash Accounting & Consultancy Ltd Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Registered charity no. 1152580
6
Statement of financial activities
Beckton Skills Centre Annual report and financial statements Year ended 31 August 2020
Statement of financial activities
For the year ended 31 August 2020
| Unrestricted Restricted Funds Funds 2020 2020 Notes £ £ Income from: Donations and legacies 2 11,817 46,320 Charitable activities 3 87,802 - Total income 99,619 46,320 Expenditure on: Charitable activities 4 92,204 48,892 Total expenditure 92,204 48,892 Net income/(expenditure) 7,415 (2,572) Reconciliation of funds: Balance brought forward 9 & 10 159,774 2,572 Balance carried forward 9 & 10 167,189 - |
Total Funds 2020 £ 58,137 87,802 145,939 141,096 141,096 4,843 162,346 167,189 |
Total Funds 2019 £ 49,496 77,487 126,983 153,825 153,825 (26,842) 189,188 162,346 |
|---|---|---|
The notes on pages 9 to 16 form part of the financial statements.
Registered charity no. 1152580
7
Beckton Skills Centre Annual report and financial statements Year ended 31 August 2020
Balance sheet
Balance sheet
As at 31 August 2020
----- Start of picture text -----
Total Total
Funds Funds
2020 2019
Notes £ £
Fixed assets:
Tangible fixed assets 6 45,036 46,601
Current assets:
Debtors 7 3,818 9,371
Cash at bank and in hand 128,370 117,528
Total current assets 132,188 126,899
Creditors - amounts falling due
within one year 8 (10,035) (11,154)
Net current assets 122,153 115,745
Net assets 167,189 162,346
Funds of the charity:
Restricted funds 9 & 10 - 2,572
Unrestricted funds
General funds 9 & 10 167,189 159,774
167,189 159,774
Total charity funds 167,189 162,346
----- End of picture text -----
The notes on pages 9 to 16 form part of the financial statements.
These financial statements were approved and authorised for issue by the Board of Trustees on 8 June 2021 and signed on their behalf by:
Julie Chant
Julie Chant
Chair of the Board of Trustees
Registered charity no. 1152580
8
Notes to the financial statements
Beckton Skills Centre Annual report and financial statements Year ended 31 August 2020
Notes to the financial statements
1. Accounting policies
Basis of preparation of the financial statements
The financial statements have been prepared in accordance with ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The effect of any event relating to the period ended 31 August 2020, which occurred before the date of approval of the financial statements by the Board of Trustees has been included in the financial statements to the extent required to show a ‘true and fair’ view of the state of affairs at 31 August 2020 and the results for the year ended on that date.
The functional currency of the Charity is sterling.
The amounts in the financial statements are rounded to the nearest pound.
Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.
Going concern
The financial statements have been prepared on the going concern basis as the Board of Trustees is confident that future reserves and future income is more than sufficient to meet current commitments. There are no material uncertainties that impact this assessment, and the ongoing COVID-19 pandemic has had no material impact on this assessment.
Legal status
Beckton Skills Centre is a charitable trust registered in England and Wales and meets the definition of a public benefit entity. In the event of the Charity being wound up, the Trustees of the Charity hold no liability. The registered address is 7 Hillcroft Road, Beckton, London, E6 6LW.
Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the
specific fund. The aim and use of each restricted fund is set out in note 9 of the financial statements.
Income
Income is recognised when the Charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable.
Income from charitable activities and grants is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specific future period or event, in which case it is deferred.
Expenditure and irrecoverable VAT
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.
Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated directly to charitable activities as any fundraising costs are immaterial. A breakdown of these expenses is outlined in note 4 of the financial statements.
Irrecoverable VAT is charged against the category of expenditure for which it was incurred.
Tangible fixed assets and depreciation
Fixed assets related to the long leasehold land and other equipment (excluding investments) are stated at cost and capitalised when the cost exceeds £500. Smaller items of equipment are written off to the Statement of Financial Activities in the year of purchase.
Depreciation is provided for at a rate to ensure the items are written down over their useful economic life as follows:
Leasehold land - Life of lease (99 years) Equipment - 20% reducing balance
Cash at bank and in hand
Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes.
Registered charity no. 1152580
9
Notes to the financial statements
Beckton Skills Centre
Annual report and financial statements Year ended 31 August 2020
Debtors and prepayments
Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.
Creditors and accruals
Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably.
Financial instruments
Critical estimates and judgements
In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. The treatment of tangible fixed assets is sensitive to changes in useful economic lives and residual values of assets. These are reassessed annually.
In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.
Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.
2. Income from donations and legacies
| from donations and legacies | |
|---|---|
| Unrestricted Restricted Funds Funds 2020 2020 £ £ Donations 11,417 - Grants East End Community Foundation - Skills for Life - 5,000 East End Community Foundation - summer project - 10,000 East End Community Foundation - work placement officer - 5,000 Groundwork & London Funders - online tutorials - 11,820 Marsh Christian Trust 400 - Royal Docks Trust - Skills for Life - 9,500 Truemark Trust - 5,000 11,817 46,320 |
Total Funds 2020 £ 11,417 5,000 10,000 5,000 11,820 400 9,500 5,000 58,137 |
| Unrestricted Restricted Funds Funds 2019 2019 £ £ Donations 18,090 - Grants Co-operative Community Grant - training - 6,139 East End Community Foundation - Step up to Work - 10,000 East End Community Foundation - summer project - 10,000 Groundwork - summer project - 5,267 18,090 31,406 |
Total Funds 2019 £ 18,090 6,139 10,000 10,000 5,267 49,496 |
Registered charity no. 1152580
10
Notes to the financial statements
Annual report and financial statements Year ended 31 August 2020
Beckton Skills Centre
3. Income from charitable activities
----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
2020 2020 2020
£ £ £
Contracted services 71,919 - 71,919
Private learners 15,883 - 15,883
87,802 - 87,802
Unrestricted Restricted Total
Funds Funds Funds
2019 2019 2019
£ £ £
Contracted services 66,454 - 66,454
Private learners 11,033 - 11,033
77,487 - 77,487
----- End of picture text -----
Registered charity no. 1152580
11
Notes to the financial statements
Annual report and financial statements Year ended 31 August 2020
Beckton Skills Centre
4. Expenditure on charitable activities
----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
2020 2020 2020
£ £ £
Staff costs - 13,403 13,403
External trainers and support 51,194 23,239 74,433
Other direct costs 2,239 10,750 12,989
Premises 19,158 - 19,158
Administration 11,012 1,500 12,512
Governance 8,601 - 8,601
92,204 48,892 141,096
----- End of picture text -----
----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
2019 2019 2019
£ £ £
Staff costs 26,744 14,399 41,143
External trainers and support 57,357 7,000 64,357
Other direct costs 8,677 4,943 13,620
Premises 13,880 1,600 15,480
Administration 9,972 892 10,864
Governance 8,361 - 8,361
124,991 28,834 153,825
----- End of picture text -----
Governance costs consists of:
----- Start of picture text -----
Total Total
Funds Funds
2020 2019
£ £
Independent examination 1,200 1,200
Insurance Expense 7,401 7,161
8,601 8,361
----- End of picture text -----
Registered charity no. 1152580
12
Notes to the financial statements
Annual report and financial statements Year ended 31 August 2020
Beckton Skills Centre
5. Staff costs
----- Start of picture text -----
Total Total
Funds Funds
2020 2019
£ £
Gross salaries 13,050 39,849
Employer's NIC - 467
Employer's pension 353 827
13,403 41,143
----- End of picture text -----
The average headcount during the year was 1 (2019: 2).
No employee received employee benefits of more than £60,000 (2019 – £NIL).
No salaried staff were considered key management personnel during the year (2019 – NIL).
6. Fixed assets
| Leasehold Other property equipment £ £ st As at 1 September 2019 54,375 18,878 As at 31 August 2020 54,375 18,878 cumulated depreciation As at 1 September 2019 12,855 13,797 Charge in period 549 1,016 As at 31 August 2020 13,404 14,813 t book value As at 1 September 2019 41,520 5,081 As at 31 August 2020 40,971 4,065 |
Total fixed assets £ 73,253 |
|---|---|
| 73,253 | |
| 26,652 1,565 |
|
| 28,217 | |
| 46,601 | |
| 45,036 |
Cost
Accumulated depreciation
Net book value
As at 1 September 2019 As at 31 August 2020
Leasehold property consists of the leasehold for the land occupied by Beckton Skills Centre at 7 Hillcroft Road. The leasehold was originally held by the Woodland Centre Trust (WCT) but was not transferred in 2015 with the rest of the assets due to legal work
involved. The land was subsequently successfully transferred to the Beckton Skills Centre on 16 November 2016 and has been recognised based on the carrying value in the WCT accounts at the same date.
Registered charity no. 1152580
13
Notes to the financial statements
Annual report and financial statements Year ended 31 August 2020
Beckton Skills Centre
7. Debtors
----- Start of picture text -----
Total Total
Funds Funds
2020 2019
£ £
Trade debtors - 3,170
Accrued income - 1,053
Prepayments 3,749 4,059
Overpayment to HMRC 69 1,089
3,818 9,371
----- End of picture text -----
8. Creditors – amounts falling due within one year
----- Start of picture text -----
Total Total
Funds Funds
2020 2019
£ £
Trade creditors 4,835 178
Accruals 1,200 1,476
Deferred revenue 4,000 9,500
10,035 11,154
----- End of picture text -----
Deferred revenue consists of the first instalment of the 50+ employability grant for the project commencing in September 2020, but received at the end of August
2020 (2019: grant received in August 2019 from the Royal Docks Trust for training commencing in September 2019).
Registered charity no. 1152580
14
Notes to the financial statements
Annual report and financial statements Year ended 31 August 2020
Beckton Skills Centre
9. Analysis of charity funds
----- Start of picture text -----
Balance Income Amounts Transfer Balance
brought received expended between carried
forward in year in year funds forward
2020 2020 2020 2020 2020
£ £ £ £ £
Unrestricted funds
General funds 159,774 99,619 (92,204) - 167,189
Restricted funds
Summer course - 10,000 (10,000) - -
Step up to Work/Skills for Life 2,572 19,500 (22,072) - -
Online tutorials - 11,820 (11,820) - -
Truemark Trust - 5,000 (5,000) - -
2,572 46,320 (48,892) - -
Total funds 162,346 145,939 (141,096) - 167,189
----- End of picture text -----
Restricted funds – summer course
Restricted funds – Online tutorial
Several grant-making organisations have given funds over the past few years to support the summer go-kart construction course which is run by the centre.
Restricted funds – Step up to Work/Skills for Life
The East End Community Foundation has provided a grant over 12 months to support work placements for NEET young people, commencing in April 2019.
Several grants were received to support the transition from face-to-face classes to online tutorials at the start of the COVID-19 pandemic.
Restricted funds – Truemark Trust
The Truemark Trust provided funds to support the purchase of a new oscilloscope and a hand held emissions tester.
----- Start of picture text -----
Balance Income Amounts Transfer Balance
brought received expended between carried
forward in year in year funds forward
2019 2019 2019 2019 2019
Unrestricted funds
General funds 189,188 95,577 (124,991) - 159,774
Restricted funds
Summer course - 15,267 (15,267) - -
- -
Step up to Work 10,000 (7,428) 2,572
- - -
NEET training course 6,139 (6,139)
- 31,406 (28,834) - 2,572
Total funds 189,188 126,983 (153,825) - 162,346
----- End of picture text -----
Restricted funds – NEET training course
The Co-operative Community Fund provided a grant to support seven NEET young people complete a vocational training course.
Registered charity no. 1152580
15
Notes to the financial statements
Beckton Skills Centre Annual report and financial statements Year ended 31 August 2020
10. Analysis of net assets
----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
2020 2020 2020
£ £ £
Fixed assets 45,036 - 45,036
Current assets 128,188 4,000 132,188
Current liabilities (6,035) (4,000) (10,035)
167,189 - 167,189
Unrestricted Restricted Total
Funds Funds Funds
2019 2019 2019
£ £ £
Fixed assets 46,601 - 46,601
Current assets 124,327 2,572 126,899
Current liabilities (11,154) - (11,154)
159,774 2,572 162,346
----- End of picture text -----
11. Trustee remuneration
During the year, no Trustee received any remuneration (2019 - £NIL). No members of the Board of Trustees
received reimbursement of expenses related to attendance at Trustee meetings (2019 - £NIL).
12. Related party transactions
There were no related party transactions during the year (2019 – £NIL).
13. Guarantees and secured charges
As at 31 August 2020 the Charity did not have any outstanding guarantees to third parties nor any debts secured against assets of the Charity (2019: £NIL).
Registered charity no. 1152580
16
BEC001 - Final Accounts - 31 August 2020
Final Audit Report
2021-06-18
Created: 2021-06-18 By: Andrew Nash (andy@andynashac.com) Status: Signed Transaction ID: CBJCHBCAABAALEs_HzLcGswUBdsvapgQLz28Wql8JyqV
"BEC001 - Final Accounts - 31 August 2020" History
Document created by Andrew Nash (andy@andynashac.com)
2021-06-18 - 11:47:23 AM GMT- IP address: 78.33.47.179
Document emailed to Julie Chant (becktoncentre@hotmail.com) for signature
2021-06-18 - 11:48:47 AM GMT
Email viewed by Julie Chant (becktoncentre@hotmail.com)
2021-06-18 - 11:50:00 AM GMT- IP address: 151.230.35.146
Document e-signed by Julie Chant (becktoncentre@hotmail.com)
Signature Date: 2021-06-18 - 12:01:13 PM GMT - Time Source: server- IP address: 151.230.35.146
Document emailed to Andrew Nash (andy@andynashac.com) for signature 2021-06-18 - 12:01:15 PM GMT
Email viewed by Andrew Nash (andy@andynashac.com)
2021-06-18 - 12:02:57 PM GMT- IP address: 154.51.173.8
Document e-signed by Andrew Nash (andy@andynashac.com)
Signature Date: 2021-06-18 - 12:03:05 PM GMT - Time Source: server- IP address: 78.33.47.179
Agreement completed.
2021-06-18 - 12:03:05 PM GMT