Beckton Skills Centre Annual report and financial statements Year ended 31 August 2024
Charity no. 1152580
Beckton Skills Centre Annual report and financial statements Year ended 31 August 2024
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 2024
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) |
| Mr T Browne | resigned 8 January 2025 | |
| Mrs C Campbell | appointed 5 March 2025 | |
| Mr O Colman | resigned 28 February 2025 | |
| Mr S Henderson | resigned 10 January 2024 | |
| Mr F Kadar | resigned 17 July 2024 | |
| Mr D Lavictoire | resigned 8 January 2025 | |
| Mrs J Ludden | ||
| Mr B Robb | ||
| Accountant | Enaid Accountancy Ltd | |
| Units 24 & 25 | ||
| Goodsheds Container Village | ||
| Hood Road | ||
| Barry | ||
| CF62 5QU | ||
| Independent examiner | Dux Advisory Limited | |
| Kennel Club House | ||
| Gatehouse Way | ||
| Aylesbury | ||
| Buckinghamshire | ||
| HP19 8DB | ||
| Principal bankers | Lloyds Bank Plc | |
| East Ham Branch | ||
| 14 High Street North | ||
| London | ||
| E6 2HN |
Registered charity no. 1152580
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Beckton Skills Centre Annual report and financial statements Year ended 31 August 2024
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 2024. 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) second edition (effective 1 January 2019)’, and 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 Beckton and the surrounding areas, broadly around the motor vehicle sector.
This is also supported through summer projects as well as supporting the students to achieve their aims with functional and employability skills, 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 2011 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 2023-2024
At the start of the year, we looked forward to engaging with more young people. We worked with Local Authorities and engaged learners with EHCP’s (Education Health Care Plans) who require a specific need as identified in their plans. This has led to a combined programme of motor vehicle, functional skills and employability. Typically, these learners attend 3 or 4 sessions per week. The schools’ program grew. Work continued with the PRU (Pupil Referral Unit) and several local independent schools, where we have
been able to offer training in small groups with a very low ratio of tutor/pupil and where necessary, one-toone training where it is in the best interest of the young people to help them fulfill their potential. The forthcoming year’s calendar looked promising. As the season progressed, more requests were made for the training programmes and the staff accommodated them wherever they could. We continued to deliver discounted training courses for young people who had secured employment but wanted to improve their skills, or accredit existing skills and attain a level 2 or 3. They appreciate the option of monthly installments, it makes it more affordable to manage the costs and enables them to ‘learn while they earn’, something not available from colleges. Our new trainer continued to excel at his training and became a fully qualified trainer and assessor during the year, which enabled us to accommodate more young people. It also opened up another opportunity for the centre and the staff successfully applied to become a Cisco Academy in order that we may run computer building and networking qualifications accredited by Cisco. We received valuable support from the Open University to get our courses up and running. We had an unused room which was refurbished by the staff and some pupils of the local PRU school, as part of their employability qualifications. It has now been developed into our IT suite.
Owing to the person led approach of delivery by our excellent trainers, the centre achieved an impressive 94% attendance and achievement rate across all the training programmes.
City & Guilds
During July we had City & Guilds quality control visits covering the employability qualifications and a general systems review across all programmes- There were no action points arising from either visit.
Volunteer days
In July we were fortunate to have a group of volunteers from Aviva to assist with making improvements to our centre. The day focused on repainting the exterior of the toilet block and the exterior of the new IT room as well as a general tidy up and trimming back of overgrown bushes etc. It was very successful and all tasks were carried out to a good standard. Aviva colleagues get 21 hours a year to spend volunteering in support of community causes close to their heart.
Funding successes
The centre is very grateful to the following funders:
-
East End Community Foundation and BMTA trust for granting us the funding to allow us to fully fund the summer project and to invest in more replacement Go Kart parts, which have been used over a number of years.
-
BMTA Trust, for also funding the purchase of a bearing press.
Registered charity no. 1152580
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Trustees’ annual report
Beckton Skills Centre
Annual report and financial statements Year ended 31 August 2024
- We are also grateful to Royal Docks Trust, through their small grants programme we were able to make improvements to the entrance and ramp which leads up to the main hall.
Because of the increase in training sessions available and thus more young people being accommodated, the centre ended the year on a positive note, financially, and for the first time since its inception, we were able to allocate funds towards making improvements to the buildings, which in some parts have sadly been neglected over many years. The centre will embark on a planned programme of improvements which will enhance the buildings to make them more agreeable for young people and staff alike, whilst carefully taking into consideration efficiency in terms of energy costs and lowering carbon emissions.
Unfortunately, owing to a change in working circumstances we have had to say goodbye to 4 dedicated and valued board members, who, for various reasons relating to increasing workload and working overseas, felt they could no longer give a meaningful contribution to the centre.
Darryl Lavictoire - Darryl joined us in 2016 and has proved to be a valuable help with contracts as well as being a long standing friend to the centre. He also gave valued assistance with financial payments during the earlier years before Oliver Colman was appointed.
Tom Browne - Tom joined us in 2021 and enthusiastically assisted with grant funding applications. With a career opportunity arising abroad in 2024, with very little notice, he moved overseas. In 2025 he confirmed this was a permanent move, therefore he could not fulfil his duties as a Trustee going forward.
Oliver Colman - Oliver has fulfilled the Treasurer’s role and has been a great contributor to policies around Finance and Governance. Oliver helped out with managing the bank accounts and was on hand to take on bank transfers when necessary. He has greatly shaped BSC’s financial security. Again, working increasingly overseas has forced him to resign.
Fahim Kadar – Fahim joined us in 2020 as an enthusiastic Trustee, recognising the valuable work we did with disadvantaged young people and made useful suggestions to projects we could consider delivering at the centre.
However, we have been fortunate to recruit to the board, Claire Campbell, an assistant Head Teacher from a local PRU (Pupil Referral Unit). Claire has a wealth of knowledge and experience of working with disadvantaged young people and seeing them fulfill their potential. We look forward to working with Claire, ensuring our programmes enhance the educational attainments of our young people.
Plans for the future
We will continue to recruit suitable Trustees to support the staff and bring fresh ideas to the table. Over the coming year the Trustees will work closely with BSC staff to support any potential staffing increases, in line with future demand for our services. We will continue to work with local schools and Local Authorities to ensure our programmes meet the needs of disadvantaged young people.
Financial review
During the current financial year, the Charity achieved a surplus of £47,132 (2023: surplus of £19,684), increasing total reserves at year end to £234,695 (2023: £187,563).
Of the reserves held at year end £234,695 were unrestricted in nature (2023: £178,995).
Reserves policy
The Charity has a reserves policy that requires a minimum of nine 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 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. £112,500. The current free reserves of £234,695 exceeds this amount, however, once fixed assets, which are not easily realizable, are excluded, the free reserves are only £194,256.
Whilst this is above the reserves policy outlined above, given the current economic environment, the Trustees do not feel that this is excessive, especially considering the plans noted to utilize some of these reserves to recruit more staff and undertake a programme of building improvements to ensure the long-term survival of the centre.
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.
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
Registered charity no. 1152580
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Trustees’ annual report
Beckton Skills Centre
Annual report and financial statements Year ended 31 August 2024
present or three, whichever is the greater number. All decisions are made by the Trustees.
steps as are reasonably open to them to safeguard the assets of the Charity and to prevent and detect fraud and other irregularities.
Management structure
The main decision-making body is the Board of Trustees and major decisions are made in general meetings with the trainers. The senior trainers, with support from the board, are responsible for maintaining the focus of the Charity on its activities. This role includes development activity, fundraising, and general administration.
The Trustees receive neither remuneration, expenses nor benefits from the Trust, unless permitted by the agreed constitution. The Board of Trustees are responsible for maintaining the focus of the Trust on its charitable activities. This role includes supporting the staff 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:
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, 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) second edition (effective 1 January 2019)’, and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
This report was approved and authorised for issue by the Board of Trustees on 16 April 2025 and signed on its behalf by:
J Chant
Julie Chant
Chair of the Board of Trustees
-
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
Registered charity no. 1152580
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Beckton Skills Centre Annual report and financial statements Year ended 31 August 2024
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 2024 set out on pages 7 to 18.
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
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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.
Bianca Permal FCA
Fellow of the Institute of Chartered Accountants in England and Wales
Dated: 29 May 2025
Dux Advisory Limited Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB
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
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Statement of financial activities
Annual report and financial statements Year ended 31 August 2024
Beckton Skills Centre
Statement of financial activities
For the year ended 31 August 2024
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Unrestricted Restricted Total Total
Funds Funds Funds Funds
2024 2024 2024 2023
Notes £ £ £ £
Income from:
Donations and legacies 3 80 16,767 16,847 42,537
Charitable activities 4 166,879 - 166,879 90,913
Investments 683 - 683 156
Total income 167,642 16,767 184,409 133,606
Expenditure on:
Charitable activities 5 111,942 25,335 137,277 113,922
Total expenditure 111,942 25,335 137,277 113,922
Net income/(expenditure) 55,700 (8,568) 47,132 19,684
Reconciliation of funds:
Balance brought forward 10 & 11 178,995 8,568 187,563 167,879
Balance carried forward 10 & 11 234,695 - 234,695 187,563
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The notes on pages 9 to 18 form part of the financial statements.
Registered charity no. 1152580
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Statement of financial activities
Beckton Skills Centre Annual report and financial statements Year ended 31 August 2024
Balance sheet
As at 31 August 2024
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Total Total
Funds Funds
2024 2023
Notes £ £
Fixed assets:
Tangible fixed assets 7 40,439 41,404
Current assets:
Debtors 8 30,834 18,260
Cash at bank and in hand 170,528 144,492
Total current assets 201,362 162,752
Creditors - amounts falling due
within one year 9 (7,106) (16,593)
Net current assets 194,256 146,159
Net assets 234,695 187,563
Funds of the charity:
Restricted funds 10 & 11 - 8,568
Unrestricted funds
General funds 10 & 11 234,695 178,995
234,695 178,995
Total charity funds 234,695 187,563
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The notes on pages 9 to 18 form part of the financial statements.
These financial statements were approved and authorised for issue by the Board of Trustees on 16 April 2025 and signed on their behalf by:
J Chant
Julie Chant
Chair of the Board of Trustees
Registered charity no. 1152580
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Notes to the financial statements
Beckton Skills Centre Annual report and financial statements Year ended 31 August 2024
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 financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The effect of any event relating to the period ended 31 August 2024, 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 2024 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 challenging ongoing economic environment has had no material impact on this assessment.
Legal status
Beckton Skills Centre is a charitable incorporated organisation 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 10 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 are 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 5 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.
Registered charity no. 1152580
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Notes to the financial statements
Beckton Skills Centre
Annual report and financial statements Year ended 31 August 2024
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
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
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.
Pensions
Beckton Skills Centre operates a defined contribution pension scheme. Pension contributions are charged to the statement of financial activities when due and payable. These contributions are invested separately from the charity's assets.
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.
Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.
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.
2. Comparative statement of financial activities
| Unrestricted Restricted Funds Funds 2023 2023 Notes £ £ Income from: Donations and legacies 3 5,616 36,921 Charitable activities 4 90,913 - Investments 156 - Total income 96,685 36,921 Expenditure on: Charitable activities 5 85,569 28,353 Total expenditure 85,569 28,353 Net income/(expenditure) 11,116 8,568 Reconciliation of funds: Balance brought forward 10 & 11 167,879 - Balance carried forward 10 & 11 178,995 8,568 |
Total Funds 2023 £ 42,537 90,913 156 133,606 113,922 113,922 19,684 167,879 187,563 |
|---|---|
Registered charity no. 1152580
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Notes to the financial statements
Annual report and financial statements Year ended 31 August 2024
Beckton Skills Centre
3. Income from donations and legacies
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Unrestricted Restricted Total
Funds Funds Funds
2024 2024 2024
£ £ £
Donations 80 - 80
Grants
-
Royal Docks Trust - access ramp 1,500 1,500
-
The BMTA Trust - summer project 1,000 1,000
The BMTA Trust - bearing press - 347 347
-
East End Community Foundation - summer project 13,920 13,920
80 16,767 16,847
Unrestricted Restricted Total
Funds Funds Funds
2023 2023 2023
£ £ £
Donations 2,301 - 2,301
Grants
BMTA Trust - diagnostic scanner - 679 679
-
Education and Skills Funding Agency - StepUp2Work 11,994 11,994
-
East End Community Foundation - summer project 9,685 9,685
-
Field Family Charitable Trust - PRU project 2,500 2,500
-
Ironmongers' Company - early intervention 6,068 6,068
-
National Lottery Community Fund - summer project 5,995 5,995
-
London Borough of Newham - COVID support 3,315 3,315
5,616 36,921 42,537
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Registered charity no. 1152580
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Notes to the financial statements
Annual report and financial statements Year ended 31 August 2024
Beckton Skills Centre
4. Income from charitable activities
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Unrestricted Restricted Total
Funds Funds Funds
2024 2024 2024
£ £ £
Contracted services 166,879 - 166,879
166,879 - 166,879
Unrestricted Restricted Total
Funds Funds Funds
2023 2023 2023
£ £ £
Contracted services 76,917 - 76,917
-
Subsidised training 13,996 13,996
90,913 - 90,913
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Registered charity no. 1152580
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Notes to the financial statements
Annual report and financial statements Year ended 31 August 2024
Beckton Skills Centre
5. Expenditure on charitable activities
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Unrestricted Restricted Total
Funds Funds Funds
2024 2024 2024
£ £ £
Staff costs 23,949 - 23,949
External trainers and support 20,975 21,335 42,310
Other direct costs 38,101 2,500 40,601
Premises 10,279 1,500 11,779
Administration 8,303 - 8,303
Governance 10,335 - 10,335
111,942 25,335 137,277
Unrestricted Restricted Total
Funds Funds Funds
2023 2023 2023
£ £ £
Staff costs 5,268 - 5,268
External trainers and support 19,355 23,389 42,744
Other direct costs 37,335 2,564 39,899
Premises 9,360 - 9,360
Administration 6,014 2,400 8,414
Governance 8,237 - 8,237
85,569 28,353 113,922
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Governance costs consists of:
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Total Total
Funds Funds
2024 2023
£ £
Independent examination 1,260 1,080
Insurance Expense 9,075 7,157
10,335 8,237
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Registered charity no. 1152580
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Notes to the financial statements
Annual report and financial statements Year ended 31 August 2024
Beckton Skills Centre
6. Staff numbers and costs
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Total Total
Funds Funds
2024 2023
£ £
Gross salaries 23,433 5,160
Employer's pension 516 108
23,949 5,268
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The average headcount during the period was 1 person (2023: 1).
The total remuneration paid to key management personnel during the year was £Nil (2023: £Nil).
No employee received employee benefits greater than £60,000 (2023: Nil).
7. Fixed assets
| Leasehold Other property equipment £ £ st As at 1 September 2023 54,375 18,878 As at 31 August 2024 54,375 18,878 cumulated depreciation As at 1 September 2023 15,052 16,797 Charge in period 549 416 As at 31 August 2024 15,601 17,213 t book value As at 1 September 2023 39,323 2,081 As at 31 August 2024 38,774 1,665 |
Total fixed assets £ 73,253 |
|---|---|
| 73,253 | |
| 31,849 965 |
|
| 32,814 | |
| 41,404 | |
| 40,439 |
Cost
Accumulated depreciation
Net book value
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
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Notes to the financial statements
Annual report and financial statements Year ended 31 August 2024
Beckton Skills Centre
8. Debtors
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Total Total
Funds Funds
2024 2023
£ £
Trade debtors 21,047 8,522
Accrued income 1,500 -
Prepayments 8,287 9,624
Overpayment to HMRC - 114
30,834 18,260
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9. Creditors – amounts falling due within one year
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Total Total
Funds Funds
2024 2023
£ £
Trade creditors 4,457 14,185
Accruals 2,250 2,310
HMRC payable 290 -
Pensions payable 109 98
7,106 16,593
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Registered charity no. 1152580
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Notes to the financial statements
Annual report and financial statements Year ended 31 August 2024
Beckton Skills Centre
10. Analysis of charity funds
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Balance Income Amounts Transfer Balance
brought received expended between carried
forward in year in year funds forward
2024 2024 2024 2024 2024
£ £ £ £ £
Unrestricted funds
General funds 178,995 167,642 (111,942) - 234,695
Restricted funds
Summer course - 14,920 (14,920) - -
External ramp - 1,500 (1,500) - -
Bearing press - 347 (347) - -
Early intervention/PRU 8,568 - (8,568) - -
8,568 16,767 (25,335) - -
Total funds 187,563 184,409 (137,277) - 234,695
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Restricted funds – summer course
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 – External ramp
The Royal Docks Trust provided a grant to replace the external ramp at the centre.
Restricted funds – bearing press
The BMTA Trust provided a grant to purchase a bearing press.
Restricted funds – Early intervention/PRU
Several grant-making organisations have provided funds to support the ongoing around early intervention, especially with PRUs, commencing in September 2023.
Registered charity no. 1152580
16
Notes to the financial statements
Annual report and financial statements Year ended 31 August 2024
Beckton Skills Centre
10. Analysis of charity funds (continued from previous page)
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Balance Income Amounts Transfer Balance
brought received expended between carried
forward in year in year funds forward
2023 2023 2023 2023 2023
Unrestricted funds
General funds 167,879 96,685 (85,569) - 178,995
Restricted funds
Summer course - 15,680 (15,680) - -
- - -
Step up to Work 11,994 (11,994)
- - -
Early intervention/PRU 8,568 8,568
Diagnostic scanner - 679 (679) - -
- 36,921 (28,353) - 8,568
Total funds 167,879 133,606 (113,922) - 187,563
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Restricted funds – Step up to Work
The Groundwork Trust has provided a grant to support work placements for NEET individuals, commencing in September 2020 and ending in the current financial period.
Restricted funds – Diagnostic scanner
The BTMA Trust provided a grant to enable the purchase of a diagnostic scanner.
11. Analysis of net assets
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Unrestricted Restricted Total
Funds Funds Funds
2024 2024 2024
£ £ £
Fixed assets 40,439 - 40,439
Current assets 201,362 - 201,362
Current liabilities (7,106) - (7,106)
234,695 - 234,695
Unrestricted Restricted Total
Funds Funds Funds
2023 2023 2023
£ £ £
Fixed assets 41,404 - 41,404
Current assets 154,184 8,568 162,752
Current liabilities (16,593) - (16,593)
178,995 8,568 187,563
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12. Trustee remuneration
During the year, no Trustee received any remuneration (2023: £NIL). No members of the Board of Trustees received reimbursement of expenses related to attendance at Trustee meetings (2023: £NIL).
Registered charity no. 1152580
17
Notes to the financial statements
Annual report and financial statements Year ended 31 August 2024
Beckton Skills Centre
13. Related party transactions
There were no related party transactions during the year (2023: £NIL).
14. Guarantees and secured charges
As at 31 August 2024 the Charity did not have any outstanding guarantees to third parties nor any debts secured against assets of the Charity (2023: £NIL).
Registered charity no. 1152580
18