| Pages | ||||
|---|---|---|---|---|
| Strategic | Report | 1-7 | ||
| Trustees' | Annual Report |
8-17 | ||
| Independent Auditor's |
Report | 18-21 | ||
| Statement | of Financial | Activities | 22 | |
| Balance Sheet | 23 | |||
| Statement | ofCash-Flows | 24 | ||
| Notes to the Financial | Statements | 25-38 | ||
| Thank-you | to our Partners | and Sponsors | 39 |
DELIVERING WITH A DIFFERENCE ENSURING our projects include volunteers and mentors from industry. We (7re proud of what we dol FINDING benefits rather than barriers by flexibly transforming all of our activities to an online environment. CREATING new compelling content using our expertise to engage young people. OFFERING a multitude of STE(A)M activities across the whole educational journey. BUILDING bespoke programmes with our STE(A)M educational experts to meet sponsors, impact or geographic needs. UNLOCKING potential and promoting achievement through Industrial Cadets. ENCOURAGING young people to continuously engage, awarding them for their participation, leading from activities through to a fulfilling career. The Erigineering Devolopfflent Tru5l- Annual Ropori and Financial Slalemenls for tho ear endod 31 Augusi 2020 Page 4
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||||
| Notes | Funds | Funds | Funds | ||||
| K'OOO | E'000 | 6'000 | |||||
| INCOME | |||||||
| Donations | and legacies | 2 | 445.2 | 445.2 | 466.0 | ||
| Charitable | activities | 3 | 2,020.1 | 2,020.1 | 2,703.1 | ||
| Investments | 4 | 51.6 | 51.6 | 50.8 | |||
| Other income | 8 | 251.1 | 251.1 | ||||
| TOTAL INCOME | 2,768.0 | 2,768.0 | 3,219.9 | ||||
| EXPENDITURE | |||||||
| 5 | 2,793.9 | 2,793.9 | 3,673.3 | ||||
| Charitable | activities | ||||||
| 2,793.9 | 2,793.9 | 3,673.3 | |||||
| TOTAL EXPENDITURE | |||||||
| 19.7 | 19.7 | 87.5 | |||||
| Net gains on investments | |||||||
| NET (EXPENDITURE)IINCOME | AND | (6.2) | (6.2) | (365.9) | |||
| NET MOVEMENT | IN FUNDS | ||||||
| RECONCILIATION | OF FUNDS | ||||||
| 1,152.4 | 1,152.4 | 1,518.3 | |||||
| Total funds | brought | forward | |||||
| 61,146.2 | 51,146.2 | 61,152.4 | |||||
| Total funds | carried | forward |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| 6'000 | 5'000 | 5'000 | 5'000 | ||
| FIXEDASSETS | |||||
| Tangible fixed assets | 9 | 56.2 | 67.7 | ||
| Investments | 10 | 1,583.0 | 1,563.3 | ||
| TOTAL FIXEDASSETS | 1,639.2 | 1,631.0 | |||
| CURRENT ASSETS | |||||
| Debtors | 270.7 | 450.5 | |||
| Cash at bank and in hand |
233.4 | 444.5 | |||
| TOTAL CURRENT ASSETS | 504.1 | 895.0 | |||
| LIABILITIES | |||||
| Creditors: Amounts falling due within one year 12 |
997.1 | 1,373.6 | |||
| NET CURRENT ASSETS | (493.0) | (478.6) | |||
| TOTAL ASSETSLESSCURRENT LIABILITIESI NET | ASSETS | ||||
| 16 | 51,146.2 | 51,152.4 | |||
| THE FUNDS OFTHE CHARITABLE COMPANY | |||||
| E1,146.2 | 51,152.4 | ||||
| Unrestricted income funds |
|||||
| TOTAL CHARITABLE COMPANY FUNDS | 17 | 51,146.2 | 61,152.4 |
| Notes | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|
| 6'000 | 6'000 | |||||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
| Net cash (used in) operating | activities | 24 | (241.6) | |||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
| Dividends from investments |
51.6 | 50.8 | ||||
| Interest from investments | ||||||
| Proceeds from sale ofinvestments | ||||||
| Purchase of property, plant |
and equipment | (21.1) | (51.4) | |||
| NET CASH PROVIDED BYINVESTING | ACTIVITIES | 30.5 | (0.6) | |||
| Change in cash and cash |
equivalents | in | the year | (211.1) | 96.0 | |
| Cash and cash equivalents | at the beginning | ofthe year | 348.5 | |||
| Cash and cash equivalents | at the end | of | the year | 25 | 6233.4 | 6444.5 |
| 2.DONATIOhlS | 2.DONATIOhlS | AND LEGACIES | Unrestricted | 2020 Total | 2019Total |
|---|---|---|---|---|---|
| E'000 | E'000 | E'000 | |||
| Charitable | Trusts | and Foundations | E445.2 | E445.2 | E466.0 |
| 3.INCOME | FROM CHARITABLE ACTIVITIES | Unrestricted | 2020 Total | 2019Total |
| E'000 | E'000 | E'000 | ||
| Employer fees for scheme participation | 1,289.7 | 1,289.7 | 1,404.1 | |
| Educator fees | for scheme participation | 245.6 | 245.6 | 778.5 |
| Government/ | public sector funding | 229.8 | 229.8 | 203.3 |
| Sponsorship | 255.0 | 255.0 | 317.2 | |
| E2,020.1 | E2,020.1 | E2,703.1 |
| INVESTMENT INCOME | INVESTMENT INCOME | Unrestricted | 2020 Total | 2019Total | |
|---|---|---|---|---|---|
| E'000 | E'000 | E'000 | |||
| Dividends | 51.6 | 51.6 | 50.8 | ||
| Interest | UK Investment | accounts | |||
| Profit on | sale of investments | ||||
| E51.6 | E51.6 | E50.8 |
| 5.ANAL | YS | IS OF EXPENDITURE | ON CHARITAB | LE ACTIVITI | ES | ||
|---|---|---|---|---|---|---|---|
| Events | |||||||
| Staff | Tutors | Courses | |||||
| costs | Travel | Recruitment | Supervisors | Workshops | |||
| E'000 | E'000 | E'000 | E'000 | E'000 | |||
| STEM Experience Days | 420.0 | 25.9 | 0.7 | 13.4 | 17.9 | ||
| Go4SET | 306.4 | 8.1 | 0.2 | 7.9 | 8.4 | ||
| Engineering | Education Scheme | 266.4 | 8.5 | 0.2 | 9.2 | 61.3 | |
| Headstart | 241.7 | 3.0 | 4.4 | 1.5 | 0.0 | ||
| Year In Industry | 340.3 | 5.5 | 0.0 | 0.2 | 0.6 | ||
| Industrial | Cadets | 154.0 | 5.0 | 0.3 | 0.1 | 11.0 | |
| Scotland programmes | 155.4 | 8.0 | 0.2 | 1.8 | 15.5 | ||
| 2020 Total | E1,884.2 | E64.0 | E6.0 | E34.1 | f114.7 | ||
| 2019Total | E2,016.3 | f142.3 | f,10.6 | f106.6 | f583.0 | ||
| Professional | Running | Support | Governance | Total | |||
| fees | costs | functions | costs | expenditure | |||
| E'000 | E'000 | E'000 | E'000 | f,'000 | |||
| STEM Experience Days | 0.0 | 28.9 | 100.8 | 8.1 | 615.7 | ||
| Go4SET | 0.0 | 23.5 | 69.9 | 8.2 | 432.6 | ||
| Engineering | Education Scheme | 0.0 | 14.1 | 115.9 | 8.2 | 483.8 | |
| Headstart | 0.0 | 17.4 | 48.3 | 8.1 | 324.4 | ||
| Year In Industry | 0.0 | 14.9 | 76.3 | 8.2 | 446.0 | ||
| Industrial | Cadets | 0.0 | 19.3 | 46.2 | 8.2 | 244.1 | |
| Scotland programmes | 0.0 | 10.1 | 48.1 | 8.2 | 247.3 | ||
| 2020 Total | f,0.0 | f128.2 | f505.5 | E2,793.9 | |||
| 2019Total | f218.6 | E541.5 | f53.6 | E3,673.3 |
| General | Total | Basis of | ||
|---|---|---|---|---|
| Support | Governance | Funds | Apportionment | |
| 5'000 | 5'000 | 6'000 | ||
| Staff costs | 333.1 | 47.4 | 380.5 | Time/Usage |
| Travel | 5.3 | 1.9 | 7.2 | Usage |
| Recruitment | 0.5 | 0.0 | 0.5 | Usage |
| Running costs |
47.9 | 0.4 | 48.3 | Usage |
| Marketing/Publicity | 19.8 | 0.0 | 19.8 | Usage |
| Depreciation | 32.6 | 0.0 | 32.6 | Usage |
| ICT | 64.0 | 0.0 | 64.0 | Usage |
| Professional fees | 2.3 | 0.0 | 2.3 | Usage |
| Audit fees | 0.0 | 7.5 | 7.5 | Governance |
| 5505.5 | 557.2 | 5562.7 |
| This is stated after charging: | 2020 E'000 |
2019 5'000 |
|---|---|---|
| Operating leases Depreciation Professional fees |
74.7 32.6 |
75.6 45.8 |
| Audit fees | 2.3 | 3.6 |
| 7.5 | 7.5 |
| 2020 | 2019 | ||
|---|---|---|---|
| 6'000 | 6'000 | ||
| STAFF COSTS | |||
| Gross salaries and wages | 1,743.2 | 1,945.2 | |
| Social Security costs | 144.6 | 170.5 | |
| Pension | costs | 238.7 | 253.0 |
| Provision | for redundancies | 138.2 | 0.0 |
| 62,264.7 | 62,368.7 | ||
| 2020 | 2019 | ||
| 6'000 | 6'000 | ||
| OTHER | INCOME | ||
| Coronavirus Job Retention Scheme grants |
f251.1 |
| The | number | of higher paid employees | over 560,000was |
|---|---|---|---|
| In the | band 690,000-5100,000 | ||
| 580,000-590,000 | |||
| 570,000-580,000 | |||
| 560,000-570,000 |
| 9.TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Software | Computer | Office | ||
| 4Website | Equipment | Equipment | Total | |
| 6'000 | 6'000 | 6'000 | 6'000 | |
| Cost | 292.0 | 139.0 | 9.4 | 440.4 |
| At 31August 2019 | 8.5 | 4.2 | 8.4 | 21.1 |
| Additions | (0.8) | (0.8) | ||
| Disposals | ||||
| 300.5 | 142.4 | 17.8 | 460.7 | |
| As at 31August 2020 | ||||
| Depreciation At 31August 2019 Additions |
250.5 14.1 |
113.8 15.6 |
8.4 2.9 |
372.7 32.6 |
| Disposals | (0.8) | (0.8) | ||
| As at 31August 2020 | 264.6 | 128.6 | 11.3 | 404.5 |
| Net BookValues | ||||
| As at 31August 2020 | 635.9 | 513.8 | 66.5 | 656.2 |
| As at 31August 2019 | fA1.5 | E25.2 | 51.0 | 667.7 |
| 10.INVESTMENTS | |||||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| 6'000 | 5'000 | ||||||
| Market Value | |||||||
| CCLA Charities | Common | Investment | Fund | 1,430.6 | 1,399.6 | ||
| CCLA Charities | Property | Fund | 152.4 | 163.7 | |||
| Market Value at the end | ofthe | financial year | 51,583.0 | 51,563.3 | |||
| Reconciliation of Movement in Market |
Value of Investments | ||||||
| Market value at | the start | ofthe financial year | 1,563.3 | 1,475.8 | |||
| Sale of investment at Market Value (end ofthe financial year) Net gains on revaluation of investments at the end ofthe financial year |
19.7 | 87.5 | |||||
| Market Value at the end | ofthe | financial year | 51,583.0 | 51,563.3 | |||
| 2020 | 2019 | ||||||
| 6'000 | 5'000 | ||||||
| Cost | |||||||
| CCLA Charities | Common | Investment | Fund | 1,052.2 | 1,052.2 | ||
| CCLA Charities | Property | Fund | 134.5 | 134.5 | |||
| Cost at the end | ofthe financial | year | 51,186.7 | 51,186.7 | |||
| 2020 | 2019 | ||||||
| 11.DEBTORS | 5'000 | 6'000 | |||||
| Trade debtors Other debtors and prepayments |
145.3 125.4 |
261.0 189.5 |
|||||
| 5270.7 | 5450.5 |
| 12.CREDITORS: | Amounts falling due within one year |
Amounts falling due within one year |
2020 | 2019 |
|---|---|---|---|---|
| 6'000 | 6'000 | |||
| Trade creditors | 224.8 | 609.5 | ||
| VAT | 58.0 | 43.7 | ||
| Taxation and Social Security | 17.7 | 21.2 | ||
| Pension scheme | contributions | 8.1 | ||
| Deferred income Accruals |
(note 13) | 293.7 394.8 |
245.1 454.1 |
|
| 5997.1 | 51,373.6 | |||
| 13.MOVEMENTS IN DEFERRED INCOME |
2020 | 2019 | ||
| 6'000 | 6'000 | |||
| Deferred income | at 1September | 2019 | 245.1 | 172.4 |
| Deferred income | released during |
the year | (245.1) | (172.4) |
| Income received | during the year | and deferred | 293.7 | 245.1 |
| Deferred income at 31August | 2020 | 6293.7 | 5245.1 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| 6'000 | 6'000 | |||
| Financial | assets that are debt instruments | (Trade Debtors) | 145.3 | 261.0 |
| Financial | liabilities that are debt instruments | (Creditors) | 619.6 | 1,063.6 |
| under non-cancell | able | oper | ating | lea | se | s which exp | ire | as follow | s: | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||||
| 5'000 | 6'000 | ||||||||||
| Premises - Licences to |
occupy expiring | between one | and five | years | 51.3 | ||||||
| Motor vehicles - expiring between |
one | and five years | |||||||||
| Office equipment | - expiring | between | one and five | years | 3.7 | ||||||
| 516.5 | 658.0 | ||||||||||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | 2020 | 2020 | 2019 | ||||||||
| General | Total | Total | |||||||||
| Funds | Funds | Funds | |||||||||
| 5'000 | E'000 | 6'000 | |||||||||
| Tangible fixed assets | 56.2 | 56.2 | 67.7 | ||||||||
| Investments | 1,583.0 | 1,583.0 | 1,563.3 | ||||||||
| Current assets | 504.1 | 504.1 | 895.0 | ||||||||
| Current liabilities |
(997.1) | (997.1) | (1,373.6) | ||||||||
| Total Funds | 51,146.2 | 61,146.2 | 51,152.4 | ||||||||
| ANALYSIS OF CHARITABLE FUNDS | |||||||||||
| At | Incoming | Outgoing | At | ||||||||
| 01.09.19 | resources | resources | 31.08.20 | ||||||||
| 5'000 | 8'000 | 8'000 | 6'000 | ||||||||
| Analysis of Movements |
in Unrestricted | Funds | |||||||||
| General Funds | 1,152.4 | 2,787.7 | 2,793.9 | 1,146.2 | |||||||
| Total Unrestricted | Funds/Total | Funds | 61,152.4 | 62,787.7 | 52,793.9 | 61,146.2 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| K'000 | 8'000 | ||||||
| Net (expenditure)/ | income for the | year | (6.2) | (365.9) | |||
| (as per the | Statement of Financial | Activities) | |||||
| Adjustments | for: | Depreciation | charges | 32.6 | 45.8 | ||
| Loss on disposal ofasset |
0.0 | 0.6 | |||||
| Gains on investments | (19.7) | (87.5) | |||||
| Dividends from investments |
(51.6) | (5(18) | |||||
| Profit from sale of investments | |||||||
| Decrease/ (Increase) | in debtors | 179.8 | 265.5 | ||||
| (Decrease)/ | Increase | in creditors | (376.5) | 288.9 | |||
| Net cash (used in) operating activities |
6(241.6) | 696.6 | |||||
| 25. | ANALYSIS | OF CASH AND CASH | EQUIVALENTS | ||||
| 2020 | 2019 | ||||||
| 6'000 | 6'000 | ||||||
| Cash at bank and | in hand | ||||||
| 233.4 | 444.5 | ||||||
| Total cash and cash equivalents | |||||||
| 5233.4 |