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|||||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|
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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
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|||||||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|
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|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|
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||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|
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|||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||
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|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|
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|||||||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||
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