REGISTERED COMPANY NUMBER: 07006082 (England and Wales) REGISTERED CHARITY NUMBER: 1156726
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2020
for
Greatest Expectations Limited (A Company Limited by Guarantee)
Greatest Expectations Limited
Report of the Trustees for the Year Ended 31 December 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The prevention or relief of poverty and financial hardship within the Tees Valley by providing or assisting in the provision of adult education and training, creative projects and all the necessary support designed to enable people to generate their own income and become self-sufficient.
For the public benefit to promote the education of people of any age in the Tees Valley in such ways the charity trustees see fit, including by providing their education to prepare for any occupation, trade or profession on leaving any educational establishment.
The relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment, contributing to stronger local and national economies.
To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. For the purpose of this clause 'socially excluded' means being excluded from society, or parts of society, as a result of one of more of the following factors: unemployment;- financial hardship; youth or old age; ill health ( physical and mental ); substance abuse or dependency including alcohol or drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation, or gender re-assignment; poor educational or skills attainment; relationship and family breakdown; poor housing (that is housing that does not meet basic habitable standards); crime (either as a victim of crime or as an offender rehabilitating into society).
PUBLIC BENEFIT
In setting the charity's objectives and planning its activities the trustees have complied with the duty to have due regard to guidance published by the Charity Commission, including public benefit guidance.
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Greatest Expectations Limited
Report of the Trustees for the Year Ended 31 December 2020
ACHIEVEMENT AND PERFORMANCE
Since 2009 Greatest Expectations has operated as an independent training provider and has sustained and grown its business successfully. We have earned an outstanding reputation with colleges and funding agents as a "go-to" for innovative, skills-based vocational education and training.
Our focus continues to be on a person-centred, holistic approach with qualifications delivered by a passionate team with a real understanding of their sectors. Our vision is to see all learners reach their maximum potential, including increased self-confidence and finding solutions to perceived barriers to employment.
Greatest Expectations' principal activity remains the upskilling of local unemployed people. Working with local businesses and partners we challenge and motivate people to think in terms of "lifelong learning" encouraging higher aspirations and self-belief, which impacts positively not only on the individual but also on their families and the local and national economies. Our strategic aims are:
Delivering consistently high standards of teaching, learning and assessment, leading to outstanding outcomes for our learners and an excellent overall learner experience.
Putting the learner at the very heart of the decision making process, remaining adaptable in order to meet the learner's circumstances and aspirations.
To nurture important existing relationships with our partners but having the foresight to explore new business opportunities, which will ensure a sustainable future for Greatest Expectations.
To continue sourcing the best staff and investing in the personal and professional development, making the most of the individual's approach whilst contributing to the team effort.
Maintaining organisational excellence in business management, quality assurance and financial health, balanced with the aspirations of Greatest Expectations charity aims.
To equip all learners with a grounding in the skills which are currently needed by employers, including our continued support in functional skills. This will become especially important as we leave lockdown and play a part in the projected upsurge in training needs.
To give learners the support and information they need to identify transferable skills.
To work with employers to fulfil recruitment needs for local people and support them with upskilling their current workforce. To further embed standardisation and a company-wide house style.
STRENGTHENING AND DEVELOPING PARTNERSHIPS
Our ongoing strategy is to develop partnerships with employers and partner organisations to ensure we meet the needs of regional priorities. Despite the lockdown we have continued to build a reputation in key areas that are important to our local economy and labour market this year, laying foundations for training needs post-lockdown including driving, transportation and warehousing and health and safety. As well as training for unemployed people we have engaged with companies to upskill their current workforce and assist them in their recruitment needs, such as disability awareness training.
RECRUITING AND DEVELOPING THE RIGHT STAFF
Having the right staff in place is key to our success and growth. We have always recruited, retained and developed the right person for the right role, especially tutors. We maintain and improve staff and organisational arrangements that will support excellence in leadership, teaching and administrative support. We always aim to be an excellent employer because staff who feel valued are more productive and effective employees.
This year training has been offered remotely and staff were asked to undertake any CPD whilst working from home if required.
CULTURE & IAG
Central to the culture and ethos of Greatest Expectations is the provision of information, advice or guidance, underpinned by accreditation to the Matrix standard. During lockdown as we moved to online support we kept in touch with our learners at regular intervals to keep them up to date, discuss any concerns and suggest further training which would support their aspirations and remain motivated. We used both our Good Things Foundation projects to offer help and guidance tackling loneliness and isolation during lockdowns.
COVID-19 DELIVERY & DISTANCE LEARNING
2020 has been challenging due to the impact of Coronavirus and the subsequent lockdown. Our priorities during the pandemic are:
Ensuring that learners currently on programme can still access support remotely to complete their qualification on time, both in terms of practical course help and holistic support
Meeting as far as possible our financial and strategic commitments, liaising with our funding agents and demonstrating adaptability to meet changing circumstances
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Greatest Expectations Limited
Report of the Trustees for the Year Ended 31 December 2020
In March 2020 we altered our delivery model from traditional classroom to distance learning via online platforms (E-QUAL) accelerating longer term plans for incorporation. Distance learning is a resource which many predict will become the norm after lockdown ends, the longer term plan in 2021 is to deliver blended learning. This year we have used it to enable learners to access the resources they need to complete their qualification. Staff were flexible and offered a high value service remotely, with tutors working from home and able to help clients who had been furloughed or self-employed and unable to work, helping them to identify new skills.
Initial feedback suggests that regular remote support via Zoom, phone and email and the EQUAL site has had a positive impact on the mental health of our learners, who were worried about keeping on schedule.
DELIVERY CONTRACTS
We continued a productive partnership with our prime contractors. Our two main contracts for the year to 31 December 2020 were with Middlesbrough College and New College Durham.
We have delivered AEB in the Tees Valley under TVCA for both of our primes as well as AEB in Durham and Newcastle areas with Middlesbrough College.
We delivered in the following Sectors:
Health and Social Care LGV Transport Childcare Road Passenger Transport Warehouse and Logistics Our Skills for Work course equipped those unemployed with the skills necessary to move closer to employment. We have solidified our relationship with employers, particularly in passenger transport, supporting their ongoing recruitment needs.
We have also delivered ESF SSW funded delivery in Newcastle upskilling taxi drivers through RVPD which saw learners increase their potential earnings now becoming eligible to gain new contract work with employers and private school runs. We worked with Good Things Foundation, previously UK Online, to address the issues of digital exclusion in the local area. Through the Learn My Way and Make It Click projects we helped learners complete modules ranging from keyboard and mouse basics to completing online forms, how to locate healthcare or financial information, and search and apply for jobs. Since 2012 we have offered this resource through an employability route way as part of a programme of careers advice, however after March this was no longer possible face to face.
We were part of a collaborative scheme by Good Things Foundation and Devices.Now to distribute 10 free tablet devices with internet access, which we gave to learners most in need to enable them to continue their learning, and avoid becoming isolated through having to shield.
QUALITY ASSURANCE
Our company-wide strategy is achieved by ensuring quality assurance and improvement is at the heart of how we operate as a business. Quality systems are in place to ensure the highest standards in Teaching, Learning and Assessment (TLA) as are policies and procedures which are informative and accessible. We react robustly to new opportunities and implementing necessary changes.
As a sub-contractor we contribute to the overall Prime requirements to meet and maintain relevant accreditations and OFTSED evaluations.
We use impact measurements to quantify and assess the achievement of outcomes and monitor participation, retention, achievement, progression and customer satisfaction.
I.T INFRASTRUCTURE
We have invested in upgraded PC's to replace ageing equipment, and new laptops to enable remote learning and greater flexibility as the Centre reopens. The pandemic has resulted in tutor and marketing staff working from home and as the current laptops were old and unsuitable, this new financial outlay became a priority.
FINANCIAL REVIEW
The main source of funds is from our contracts with New College Durham and Middlesbrough College for the provision of education and training. The net result for the year was a surplus of £21,113 (2019: loss of £50,338). At the end of the year our reserves stood at £148,785 (2019: £127,672), which consists of £148,785 unrestricted funds. (2019: £127,672 unrestricted).
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent of three month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
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Greatest Expectations Limited
Report of the Trustees for the Year Ended 31 December 2020
FUTURE PLANS
We are confident in being able to maintain present funding and moving forward we continue to grow, and are ready to meet any new challenges resulting from increased awareness of infection control measures, government initiatives including the Kickstart Scheme and increased unemployment rates forecast as a result of Covid-19.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The board of trustees has power to appoint additional trustees as it considers appropriate.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07006082 (England and Wales)
Registered Charity number
1156726
Registered office
Calvery House 36-40 Grange Road Middlesbrough TS1 5BQ
Trustees
Mr W H Guthrie Director Mr M J Lithgo Director Mrs E J Donnelly Director
Company Secretary
Mrs V G Guthrie
Independent Examiner
Alan Richard Cousins FCA Institute of Chartered Accountants in England & Wales Cousins & Co Limited Chartered Accountants Broadcasting House Newport Road Middlesbrough Cleveland TS1 5JA
Approved by order of the board of trustees on 21 July 2021 and signed on its behalf by:
Mr M J Lithgo - Trustee
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Independent Examiner's Report to the Trustees of Greatest Expectations Limited (Registered number: 07006082)
Independent examiner's report to the trustees of Greatest Expectations Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 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.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England & Wales which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Alan Richard Cousins FCA Institute of Chartered Accountants in England & Wales Cousins & Co Limited Chartered Accountants Broadcasting House Newport Road Middlesbrough Cleveland TS1 5JA
21 July 2021
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Greatest Expectations Limited
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2020
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Charitable activities 2 Provision of education and training 435,908 Other income 38,943 Total 474,851 EXPENDITURE ON Charitable activities 3 Provision of education and training 453,738 NET INCOME/(EXPENDITURE) 21,113 RECONCILIATION OF FUNDS Total funds brought forward 127,672 TOTAL FUNDS CARRIED FORWARD 148,785 |
Restricted fund £ - - - - - - - |
31.12.20 31.12.19 Total Total funds funds £ £ 435,908 486,779 38,943 - 474,851 486,779 453,738 537,117 21,113 (50,338) 127,672 178,010 148,785 127,672 |
|---|---|---|
The notes form part of these financial statements
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Greatest Expectations Limited (Registered number: 07006082)
Balance Sheet 31 December 2020
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 10 7,501 CURRENT ASSETS Cash at bank and in hand 177,459 CREDITORS Amounts falling due within one year 11 (36,175) NET CURRENT ASSETS 141,284 TOTAL ASSETS LESS CURRENT LIABILITIES 148,785 NET ASSETS 148,785 FUNDS 12 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - |
31.12.20 Total funds £ 7,501 177,459 (36,175) 141,284 148,785 148,785 148,785 148,785 |
31.12.19 Total funds £ 1,871 201,853 (76,052) 125,801 127,672 127,672 127,672 127,672 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 21 July 2021 and were signed on its behalf by:
Mr M J Lithgo - Trustee
The notes form part of these financial statements
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Greatest Expectations Limited
Notes to the Financial Statements for the Year Ended 31 December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.
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 inclusive of VAT which cannot be recovered. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Taxation
The charity is exempt from corporation 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.
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Greatest Expectations Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
2. INCOME FROM CHARITABLE ACTIVITIES
| New College Durham Middlesbrough College Good Things Foundation Revamp Training Company PI Positive Zero Carbon |
31.12.20 £ 148,095 270,017 11,125 6,672 NIL NIL 435,909 |
31.12.19 £ 143,042 324,687 10,550 100 6,900 1,500 486,779 |
|---|---|---|
Income from New College Durham and Middlesbrough College are under the Education and Skills Funding Agency for the provision of education and training to learners. Good Things Foundation is to support learners who are unemployed or have low income or disabled or learning difficulties. Revamp Training Company was advice provided. PI Positive and Zero Carbon were to support training.
OTHER INCOME
Other income is from the coronavirus job retention scheme of £38,943 (2019: £NIL).
3. CHARITABLE ACTIVITIES COSTS
4.
| Provision of education and training DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Rent Insurance Motor expenses Telephone Postage and stationery Computer software Sundries Training Professional fees Depreciation Interest payable and similar charges |
Direct Costs (see note 4) £ 451,402 |
Support costs £ 2,336 31.12.20 £ 200,486 62,009 1,918 1,587 4,566 3,399 4,293 2,708 130,365 38,996 991 84 451,402 |
Totals £ 453,738 31.12.19 £ 150,721 54,085 1,848 2,592 2,210 6,159 3,468 2,851 251,537 58,914 624 68 535,077 |
|---|---|---|---|
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Greatest Expectations Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.12.20 | 31.12.19 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 992 | 624 |
6. TRUSTEES' REMUNERATION AND BENEFITS
In accordance with the express authority given in a resolution of the Board of Trustees, Mr W H Guthrie took up a position of paid employment during the year with a gross salary of £36,683 (2019: £29,535) which included national insurance.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
8.
| Administration | 31.12.20 9 |
31.12.19 8 |
|||
|---|---|---|---|---|---|
| No employees received emoluments in excess of £60,000. | |||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | ||||
| INCOME AND ENDOWMENTS FROM | Unrestricted funds £ |
Restricted fund £ |
Total funds £ |
||
| Charitable activities | |||||
| Provision of education and training | 486,779 | - | 486,779 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Provision of education and training | 537,117 | - | 537,117 | ||
| NET INCOME/(EXPENDITURE) | (50,338) | - | (50,338) | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 178,010 | - | 178,010 | ||
| TOTAL FUNDS CARRIED FORWARD | 127,672 | - | 127,672 |
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Greatest Expectations Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
9. GOVERNANCE COSTS
Governance costs include accountancy fees of £2,040 (2019: £2,040) which includes the independent examiner fee of £1,020 (2019: £1,020)
10. TANGIBLE FIXED ASSETS
| COST At 1 January 2020 Additions Disposals At 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year Eliminated on disposal At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Accrued expenses 12. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS |
At 1.1.20 £ 127,672 127,672 |
31.12.20 £ 23,500 4,555 8,120 36,175 Net movement in funds £ 21,113 21,113 |
Fixtures and fittings £ 11,304 6,622 (1,137) 16,789 9,433 992 (1,137) 9,288 7,501 1,871 31.12.19 £ 27,750 8,088 40,214 76,052 At 31.12.20 £ 148,785 148,785 |
|---|---|---|---|
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Greatest Expectations Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 474,851 TOTAL FUNDS 474,851 Comparatives for movement in funds At 1.1.19 £ Unrestricted funds General fund 178,010 TOTAL FUNDS 178,010 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 486,779 TOTAL FUNDS 486,779 A current year 12 months and prior year 12 months combined position is as follows: At 1.1.19 £ Unrestricted funds General fund 178,010 TOTAL FUNDS 178,010 |
Resources Movement expended in funds £ £ (453,738) 21,113 (453,738) 21,113 Net movement At in funds 31.12.19 £ £ (50,338) 127,672 (50,338) 127,672 Resources Movement expended in funds £ £ (537,117) (50,338) (537,117) (50,338) Net movement At in funds 31.12.20 £ £ (29,225) 148,785 (29,225) 148,785 |
|---|---|
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Greatest Expectations Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
12. MOVEMENT IN FUNDS - continued
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 TOTAL FUNDS |
Incoming resources £ 961,630 961,630 |
Resources Movement expended in funds £ £ (990,855) (29,225) (990,855) (29,225) |
|---|---|---|
13. RELATED PARTY DISCLOSURES
During the year the company paid rent of £52,250 (2019: £46,250) to a company controlled by Mr W H Guthrie.
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Greatest Expectations Limited
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| 31.12.20 | 31.12.19 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Charitable activities | ||
| Grants | 17,796 | 19,050 |
| Provision of education and training | 418,112 | 467,729 |
| Other income | 435,908 | 486,779 |
| Other grants | 38,943 | - |
| Total incoming resources | 474,851 | 486,779 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 198,366 | 145,745 |
| Pensions | 2,120 | 4,976 |
| Rent | 62,009 | 54,085 |
| Insurance | 1,918 | 1,848 |
| Motor expenses | 1,587 | 2,592 |
| Telephone | 4,566 | 2,210 |
| Postage and stationery | 3,399 | 6,159 |
| Computer software | 4,293 | 3,468 |
| Sundries | 2,708 | 2,851 |
| Training | 130,365 | 251,537 |
| Professional fees | 38,996 | 58,914 |
| Depreciation of tangible fixed assets | 991 | 624 |
| Bank interest | 84 | 68 |
| Support costs | 451,402 | 535,077 |
| Governance costs | ||
| Accountancy | 2,336 | 2,040 |
| Total resources expended | 453,738 | 537,117 |
| Net income/(expenditure) | 21,113 | (50,338) |
This page does not form part of the statutory financial statements
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Greatest Expectations Limited
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 13 |
| Detailed Statement of Financial Activities | 14 |