REGISTERED CHARITY NUMBER: 1156041
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
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 2022
| 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 | 8 |
| Detailed Statement of Financial Activities | 9 |
PPMA BUSINESS EDUCATIONAL SKILLS TRAINING TRADING AS PPMA BEST
Report of the Trustees for the Year Ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 2019).
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.
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
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
Independent examiner's report to the trustees of PPMA Business Educational Skills Training
I report to the charity trustees on my examination of the accounts of PPMA Business Educational Skills Training (the Trust) for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
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 Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
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 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 107,946 EXPENDITURE ON Raising funds 17,797 Charitable activities Grants provided 14,000 Other 227 Total 32,024 NET INCOME/(EXPENDITURE) 75,922 RECONCILIATION OF FUNDS Total funds brought forward 116,504 TOTAL FUNDS CARRIED FORWARD 192,426 |
Restricted fund £ 5,000 - - - - 5,000 - 5,000 |
31.3.22 Total funds £ 112,946 17,797 14,000 227 32,024 80,922 116,504 197,426 |
31.3.21 Total funds £ - 2,000 39,629 - 41,629 (41,629) 158,133 116,504 |
|---|---|---|---|
The notes form part of these financial statements
Page 3
PPMA BUSINESS EDUCATIONAL SKILLS TRAINING TRADING AS PPMA BEST
Balance Sheet 31 March 2022
| Unrestricted fund Notes £ CURRENT ASSETS Debtors 4 3,000 Cash at bank 194,426 197,426 CREDITORS Amounts falling due within one year 5 (5,000) NET CURRENT ASSETS 192,426 TOTAL ASSETS LESS CURRENT LIABILITIES 192,426 NET ASSETS 192,426 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - 5,000 5,000 - 5,000 5,000 5,000 |
31.3.22 Total funds £ 3,000 199,426 202,426 (5,000) 197,426 197,426 197,426 192,426 5,000 197,426 |
31.3.21 Total funds £ 3,000 116,504 119,504 (3,000) 116,504 116,504 116,504 116,504 - 116,504 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue 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 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
In 2022, the restricted fund of £5000 was donated by PPMA Limited to provide funding for the Grant Jamieson Engineering Scholarship on the following basis. PPMA BEST will annually identify an outstanding individual who would benefit from financial support in pursuit of their engineering career to receive this award
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Page 5
continued...
PPMA BUSINESS EDUCATIONAL SKILLS TRAINING TRADING AS PPMA BEST
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. TRUSTEES' REMUNERATION AND BENEFITS - continued
Trustees' expenses
Trustees meeting costs totalled £141 (2021: £123).
| 3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ EXPENDITURE ON Raising funds 2,000 - Charitable activities Grants provided 39,629 - Total 41,629 - NET INCOME/(EXPENDITURE) (41,629) - RECONCILIATION OF FUNDS Total funds brought forward 158,133 - TOTAL FUNDS CARRIED FORWARD 116,504 - 4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.22 £ Deferred grants 3,000 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.22 £ Other creditors 5,000 |
Total funds £ 2,000 39,629 41,629 (41,629) 158,133 116,504 31.3.21 £ 3,000 31.3.21 £ 3,000 |
|---|---|
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continued...
PPMA BUSINESS EDUCATIONAL SKILLS TRAINING TRADING AS PPMA BEST
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
6. MOVEMENT IN FUNDS
| At 1.4.21 £ Unrestricted funds General fund 116,504 Restricted funds Restricted funds - TOTAL FUNDS 116,504 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 107,946 Restricted funds Restricted funds 5,000 TOTAL FUNDS 112,946 Comparatives for movement in funds At 1.4.20 £ Unrestricted funds General fund 158,133 TOTAL FUNDS 158,133 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund - TOTAL FUNDS - |
Net movement At in funds 31.3.22 £ £ 75,922 192,426 5,000 5,000 80,922 197,426 Resources Movement expended in funds £ £ (32,024) 75,922 - 5,000 (32,024) 80,922 Net movement At in funds 31.3.21 £ £ (41,629) 116,504 (41,629) 116,504 Resources Movement expended in funds £ £ (41,629) (41,629) (41,629) (41,629) |
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continued...
PPMA BUSINESS EDUCATIONAL SKILLS TRAINING TRADING AS PPMA BEST
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS |
At 1.4.20 £ 158,133 - 158,133 |
Net movement in funds £ 34,293 5,000 39,293 |
At 31.3.22 £ 192,426 5,000 |
|---|---|---|---|
| 197,426 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS |
Incoming resources £ 107,946 5,000 112,946 |
Resources Movement expended in funds £ £ (73,653) 34,293 - 5,000 (73,653) 39,293 |
|---|---|---|
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 8
PPMA BUSINESS EDUCATIONAL SKILLS TRAINING TRADING AS PPMA BEST
| INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Raising donations and legacies Stem Day Charitable activities Grants to individuals Support costs Management Telephone Postage and stationery Advertising Travel and subsistence Administration costs Finance Bank charges Total resources expended Net income/(expenditure) |
Detailed Statement of Financial Activities for the Year Ended 31 March 2022 31.3.22 £ 112,946 112,946 14,000 14,000 - - 3,797 141 - 3,938 86 32,024 80,922 |
31.3.21 £ - - 2,000 18,500 176 14 101 243 20,535 21,069 60 41,629 (41,629) |
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This page does not form part of the statutory financial statements
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