**REGISTERED CHARITY NUMBER: 1156041** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2021 for PPMA BUSINESS EDUCATIONAL SKILLS TRAINING TRADING AS PPMA BEST Progress House 404 Brighton Road South Croydon Surrey CR2 6AN PPMA BUSINESS EDUCATIONAL SKILLS TRAINING TRADING AS PPMA BEST Contents of the Financial Statements for the Year Ended 31 March 2021 ||Page| |---|---| |Report of the Trustees|1| |Independent Examiner's Report|2| |Statement of Financial Activities|3| |Balance Sheet|4| |Notes to the Financial Statements|5 to 7| |Detailed Statement of Financial Activities|8| ## PPMA BUSINESS EDUCATIONAL SKILLS TRAINING TRADING AS PPMA BEST ## Report of the Trustees for the Year Ended 31 March 2021 The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1156041 ## **Principal address** New Progress House 34 Stafford Road Wallington Surrey SM6 9AY ## **Trustees** I M D Jardine R A R Little G Wyles J Clayton ## **Independent examiner** Tammy Anderson FCCA Progress House 404 Brighton Road South Croydon Surrey CR2 6AN ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **COVID 19** The charity has not raised any funds during the pandemic. The charity has sufficient reserves to remain operational and to fulfil its aim of promoting engineering. Approved by order of the board of trustees on ............................................. and signed on its behalf by: ............................................. Trustee Page 1 ## Independent Examiner's Report to the Trustees of PPMA Business Educational Skills Training Trading as PPMA BEST I report on the accounts for the year ended 31 March 2021, which are set out on pages three to seven. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. that accounting records were not kept as required by section 130 of the Act; or 2. that the accounts do not accord with those records; or 3. that the accounts do not comply with the accounting requirements of the Act; or 4. that there is further information needed for a proper understanding of the accounts. ## **Independent examiner's statement** I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention. Tammy Anderson FCCA Date: ............................................. Page 2 ## PPMA BUSINESS EDUCATIONAL SKILLS TRAINING ## TRADING AS PPMA BEST ## Statement of Financial Activities for the Year Ended 31 March 2021 |Unrestricted
Restricted
fund
fund
Notes
£
£
**INCOMING RESOURCES**
**Incoming resources from generated**
**funds**
Voluntary income
-
-
Investment income
2
-
-
**Total incoming resources**
-
-
**RESOURCES EXPENDED**
**Costs of generating funds**
Costs of generating voluntary income
2,000
-
**Charitable activities**
Grants provided
39,629
-
**Total resources expended**
41,629
-
**NET INCOMING/(OUTGOING)**
**RESOURCES**
(41,629)
-
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
158,133
-
**TOTAL FUNDS CARRIED FORWARD**
116,504
-|31.3.21
Total
funds
£
-
-
-
2,000
39,629
41,629
(41,629)
158,133
116,504|31.3.20
Total
funds
£
105,760
3
105,763
27,067
117,530
144,597
(38,834)
196,967
158,133| |---|---|---| The notes form part of these financial statements Page 3 ## PPMA BUSINESS EDUCATIONAL SKILLS TRAINING ## TRADING AS PPMA BEST ## Balance Sheet At 31 March 2021 |Unrestricted
Restricted
fund
fund
Notes
£
£
**CURRENT ASSETS**
Debtors
4
3,000
-
Cash at bank
116,504
-
119,504
-
**CREDITORS**
Amounts falling due within one year
5
(3,000)
-
**NET CURRENT ASSETS**
116,504
-
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
116,504
-
**NET ASSETS**
116,504
-
**FUNDS**
6
Unrestricted funds
**TOTAL FUNDS**|31.3.21
Total
funds
£
3,000
116,504
119,504
(3,000)
116,504
116,504
116,504
116,504
116,504|31.3.20
Total
funds
£
6,060
167,391
173,451
(15,318)
158,133
158,133
158,133
158,133
158,133| |---|---|---| The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by: ............................................. Trustee The notes form part of these financial statements Page 4 PPMA BUSINESS EDUCATIONAL SKILLS TRAINING TRADING AS PPMA BEST ## Notes to the Financial Statements for the Year Ended 31 March 2021 ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. INVESTMENT INCOME** ||31.3.21|31.3.20| |---|---|---| ||£|£| |Deposit account interest|-|3| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020 . ## **Trustees' expenses** Trustees meeting costs totalled £123 (2020: £1,022). Page 5 PPMA BUSINESS EDUCATIONAL SKILLS TRAINING TRADING AS PPMA BEST ## Notes to the Financial Statements - continued for the Year Ended 31 March 2021 ## **4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |||||31.3.21|31.3.20|| |---|---|---|---|---|---|---| |||||£|£|| ||Trade debtors|||-|3,060|| ||Deferred grants|||3,000|3,000|| |||||3,000|6,060|| |**5.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||| |||||31.3.21|31.3.20|| |||||£|£|| ||Other creditors|||3,000|15,318|| |**6.**|**MOVEMENT IN FUNDS**|||||| |||||Net||| |||||movement in||| |||At 1.4.20||funds|At 31.3.21|| ||||£|£|£|| ||**Unrestricted funds**|||||| ||General fund|158,133||(41,629)|116,504|| ||**TOTAL FUNDS**|158,133||(41,629)|116,504|| ||Net movement in funds, included in the above are as follows:|||||| |||Incoming||Resources|Movement in|| |||resources||expended|funds|| ||||£|£|£|| ||**Unrestricted funds**|||||| ||General fund||-|(41,629)|(41,629)|| ||**TOTAL FUNDS**||-|(41,629)|(41,629)|| ||**Comparatives for movement in funds**|||||| |||||Net||| |||||movement in||| |||At 1.4.19||funds|At 31.3.20|| ||||£|£|£|| ||**Unrestricted Funds**|||||| ||General fund|196,967||(38,834)|158,133|| ||**TOTAL FUNDS**|196,967||(38,834)|158,133|| |||||||| Page 6 PPMA BUSINESS EDUCATIONAL SKILLS TRAINING TRADING AS PPMA BEST ## Notes to the Financial Statements - continued for the Year Ended 31 March 2021 ## **6. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement in| |---|---|---|---| ||resources|expended|funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|105,763|(144,597)|(38,834)| |**TOTAL FUNDS**|105,763|(144,597)|(38,834)| ||||| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement in
At 1.4.19
funds
At 31.3.21
£
£
£
196,967
(80,463)
116,504
196,967
(80,463)
116,504|Net
movement in
At 1.4.19
funds
At 31.3.21
£
£
£
196,967
(80,463)
116,504
196,967
(80,463)
116,504| |---|---|---| |||116,504| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement in| |---|---|---|---| ||resources|expended|funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|105,763|(186,226)|(80,463)| |**TOTAL FUNDS**|105,763|(186,226)|(80,463)| Page 7 PPMA BUSINESS EDUCATIONAL SKILLS TRAINING TRADING AS PPMA BEST |Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
**INCOMING RESOURCES**
**Voluntary income**
Donations
Subscriptions
**Investment income**
Deposit account interest
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating voluntary income**
Stem Day
**Charitable activities**
Grants to individuals
**Support costs**
**Management**
Telephone
Postage and stationery
Advertising
Sundries
Travel and subsistence
Administration costs
**Finance**
Bank charges
**Total resources expended**
**Net expenditure**|31.3.21
£
-
-
-
-
-
2,000
18,500
176
14
101
-
243
20,535
21,069
60
41,629
(41,629)|31.3.20
£
100,000
5,760
105,760
3
105,763
27,067
64,947
852
55
4,993
1,134
4,524
40,945
52,503
80
144,597
(38,834)| |---|---|---| This page does not form part of the statutory financial statements Page 8