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2021-08-31-accounts

Charity number: 1158621

Fylde Coast SCITT Ltd (previously Fylde Coast Teaching School Limited)

Registered number: 08058974

Trustees’ report and financial statements

For the year ended 31 August 2021

FYLDE COAST SCITT LTD (A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 – 5
Trustees' responsibilities statement 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Statement of Cash Flows 10
Notes to the financial statements 11 - 17

FYLDE COAST SCITT LTD

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2021

Trustees

John Boyle (resigned 4/3/2019 - reappointed 13/10/20) Cheryl Brindle (resigned 01/03/2021) Graham Curry Jill Gray Lisa Knowles (resigned 13/10/20) Andrew Walker (resigned 13/10/20) Ann Simkins (resigned 13/10/20) Holly Wood Nadine Galloway (resigned 13/10/20) Ian Siddall Wendy Middlemas (resigned 13/10/20)

Company registered number

08058974

Charity registered number

1158621

Registered office

The Blackpool Sixth Form College, Blackpool Old Road, Blackpool, FY3 7LR

Company secretary

Mrs Angela Fail

Independent Examiner

Nicola Mason FCA, DChA

FYLDE COAST SCITT LTD (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2021

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Fylde Coast SCITT Ltd (the company) for the year ended 31 August 2021. The Trustees confirm that the annual report and financial statements of the company comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 October 2019).

Structure, governance and management

a. CONSTITUTION

The company (number 08058974) is constituted under its Memorandum and Articles of Association and is a registered charity (number 1158621).

The company is registered as a charitable company limited by guarantee and the company obtained charitable status on 18 September 2014. The company changed it’s name from Fylde Coast Teaching School Limited to Fylde Coast SCITT Ltd on 2[nd] March 2021.

The principal object of the company is to provide such charitable purposes as the directors in their absolute discretion think fit including, but not limited to, the advancement of education for the public benefit in the United Kingdom, in particular but without prejudice to the generality of the foregoing by (i) supplying education related services and facilities to schools, colleges, local authorities, children, young people, adult learners, companies, corporations, trusts, associations and institutions (ii) providing school improvement and related services to schools, colleges, local authorities, companies, corporations, trusts, associations and institutions.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the company is the responsibility of the trustees who are appointed under the terms of the Articles of Association.

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

No formal policy has been adopted, however, the induction and training of trustees can and does include the following:

Each trustee receives governance training within their own organisation.

Each of the trustees is required to attend a strategic development event where training on procedures, policies and on the current developments and plans of the charity is delivered.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The organisational structure of the Teaching School comprises of the Board of Trustees, the Strategic Partnership and the Executive Group. The Board of Trustees is responsible for setting the strategic direction of the Teaching School and holding the Chief Executive to account. The Strategic Partnership is made up of principals/headteachers of 20 partner organisations. This group makes operational decisions for the Teaching School and provides focus on its priority areas. Decisions on the priority areas are forwarded to the Board of Trustees for approval.

The Executive Group is made up of representatives of the 4 partner organisations and academies with “Teaching School” status as accredited by the National College for Teaching and Leadership.

FYLDE COAST SCITT LTD (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2021

This group identifies actions required by the Teaching School and submits proposals for the way forward to the Strategic Partnership and Board of Trustees for approval.

e. RELATED PARTY RELATIONSHIPS

Due to the nature of the Teaching School’s operations and the Board of Trustees being drawn from local public sector organisations, transactions may take place with organisations in which a trustee has an interest. All transactions involving such organisations are conducted at arm’s length and in accordance with the Teaching School’s financial regulations and normal procurement procedures.

Objectives and Activities

a. POLICIES AND OBJECTIVES

Reserves policy

The reserves policy is included in the Financial Review section below.

Investment policy

Apart from retaining a prudent amount of reserves each year most of the charity’s funds are to be spent in the short term. Therefore, there are few funds available for investment.

b. ACTIVITIES FOR ACHIEVING OBJECTIVES

The Fylde Coast SCITT achieves its objectives by providing the following significant activities/services:

Achievements and performance

a. GOING CONCERN

After the close of the Fylde Coast Teaching School, Fylde Coast SCITT has continued to thrive and maintained good recruitment rates since the last report.

The Fylde Coast SCITT has created a hub in Liverpool, working in partnership with Northern Schools Trust, and programmes commenced there in September 2021. The trustees insisted on ensuring the highest quality of candidates who receive the highest quality of training, and thus numbers remain small but it has been a great success.

The company has adequate resources to continue in operational existence for the foreseeable future. However, the Department for Education is undergoing a reform of initial teacher education and the future of the SCITT is dependent on the success of a reaccreditation bid. The outcome of this bid will be known in September 2022. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

FYLDE COAST SCITT LTD (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2021

b. REVIEW OF ACTIVITIES

The Trustees review the Charity’s aims, objectives and activities on a regular basis. The review looks at the practical aspects of delivering the various programmes and considers the achievements and outcomes of the work carried out. The successes of each of the activities and the benefits brought to the specific targeted groups of people are considered.

These regular reviews help the Trustees to remain focused and ensure that the aims, objectives and activities are being carried out and achieved.

c. FACTORS RELEVANT TO ACHIEVE OBJECTIVES

The level of activities of the Charity is largely dictated by the amount of candidates who are recruited to each programme and on the conditions placed on the funding. This funding is received from the Department for Education who may dictate how the funds should be used and within a specific time scale.

The charity also generated some additional income from delivering an appropriate body service for early career teachers in 2020/21. This income will not be available in 2021/22 as the new Teaching School Hubs have taken over this aspect of work.

The Fylde Coast SCITT continues to optimise relationships between schools with the aim of maximising educational and employment opportunities for young people.

Financial review

The financial statements show net incoming resources for the year of £34,855 (2020 : outgoing £13,503). The Trustees have reviewed the major risks faced by the Charity and have put plans in place to mitigate these risks.

RESERVES POLICY

The level of unrestricted reserves held at 31 August 2020 amount to £48,533. The strategy is to aim to have a sufficient level of funds to support the working capital requirements of the charity. The reserves will be allocated to the supply of teaching courses and conferences and spent as part of the Teaching School’s plan to deliver its objectives.

FUTURE DEVELOPMENTS

The Charity plans to continue with teacher training across the northwest of England until August 2024. At which point, the new providers will take over and it is likely that Fylde Coast SCITT will be one of them.

PUBLIC BENEFIT

We confirm that we have complied with our duty to have due regard to the Charity Commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant

FYLDE COAST SCITT LTD

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2021

MEMBERS' LIABILITY

The Members of the company guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up.

In preparing this report the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

26/05/2022

This report was approved by the Trustees on …………………… and signed on their behalf by:

G Curry Trustee

FYLDE COAST SCITT LTD (A company limited by guarantee)

TRUSTEES' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 AUGUST 2021

The Trustees (who are also directors of Fylde Coast SCITT Ltd for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

FYLDE COAST SCITT LTD (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2021

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 August 2021 which are set out on pages 8 to 17.

Responsibilities and basis of report

As the charity 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 company’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 the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am member of ICAEW, 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 that in any material respect:

  1. 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

  3. 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

  4. 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.

Nicola Mason FCA, DChA Moore and Smalley LLP Chartered Accountants Preston

26/05/2022

FYLDE COAST SCITT LTD (A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) FOR THE YEAR ENDED 31 AUGUST 2021

Note
INCOME FROM
Charitable activities
2
TOTAL INCOME
EXPENDITURE ON
Charitable activities
3
TOTAL EXPENDITURE
4
NET MOVEMENT IN FUNDS
Total funds at 1 September 2020
TOTAL FUNDS AT 31 AUGUST 2021		 Restricted
funds
Unrestricted
funds
2021
£
2021
£
404,827
37,280
404,827
37,280
361,494
45,758
361,494
45,758
127,730
48,533

All activities relate to continuing operations.

There are no recognised gains or losses other than showing in the results for the year.

FYLDE COAST SCITT LTD

Registered number: 08058974 (A company limited by guarantee)

BALANCE SHEET AS AT 31 AUGUST 2021

Note
CURRENT ASSETS
Debtors
7
Cash in hand
CREDITORS:amounts falling due within
one year
8
NET CURRENT ASSETS/(LIABILITIES)
CHARITY FUNDS
Restricted funds
9
Unrestricted funds
9
TOTAL FUNDS/(DEFICIT)		 £
140
285,707		 2021
£


 £
27,466
265,347		 2020
£


141,408
285,847
(109,584)		 292,813
(151,405)
176,263 141,408
84,397
57,011
141,408

The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 (“the Act”) and members have not required the company to obtain an audit for the year ended 31 August 2021 in accordance with section 476 of the Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 August 2021 and of its net incoming resources for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to small companies within Part 15 of the Act .

26/05/2022

The financial statements were approved by the Trustees on …………………… and signed on their behalf, by:

G Curry Trustee

The notes on pages 11 to 17 form part of these financial statements.

FYLDE COAST SCITT LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

Statement of Cashflows
Net (expenditure)/income for the year
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash inflow from operating activities
Total cash flow
Cash and cash equivalents at 1 September 2020
Cash and cash equivalents at 31 August 2021		 2021
£
34,855

27,326
(41,821)
20,360
20,360
265,347
285,707		 2020
£
(13,503)
(13,408)
28,102
1,191
1,191
264,156
265,347

FYLDE COAST SCITT LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1. ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with 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 October 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and the Companies Act 2006.

Fylde Coast SCITT Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

1.2 Preparation of the accounts on a going concern basis

The trustees are required to assess whether the use of going concern is appropriate, ie whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charitable company to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation of the accounts.

The Trustees, along with the leaders of the charity, continue to review the activities and finances termly. At the date of approving these accounts the trustees have a reasonable expectation that the charity has sufficient cash resources to enable it to meet its liabilities as they fall due for at least 12 months from the date of approval. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Company status

The company is a company limited by guarantee. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.

FYLDE COAST SCITT LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1. ACCOUNTING POLICIES (continued)

1.4 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund.

1.5 Incoming resources

All incoming resources are included in the Statement of Financial Activities when the company has entitlement to the funds and when likelihood of receipt and the amount can be measured with sufficient reliability.

1.6 Resources expended

Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

1.7 Income from charitable activities

Income comprises various Government grants received during the year and revenue recognised by the company in respect of services supplied during the year.

1.8 Critical accounting estimates and areas of judgement

The Trustees do not consider that there are any critical accounting estimates or areas of judgement in these accounts.

FYLDE COAST SCITT LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

2. INCOME FROM CHARITABLE ACTIVITIES

Initial teacher training
Subscriptions
Secondments
Courses and conferences etc
Miscellaneous income
Grants
School improvement projects		 Restricted
funds
Unrestricted
funds
2021
£
2021
£
364,827
-
-
-
-
-
33,480
-
3,800
40,000
-
-		 Total
funds
Total
funds
2021
£
2020
£
364,827
270,168
-
20,928
-
11,600
33,480
37,251
3,800
4,955
40,000 40,000
-
16,845
404,827
37,280		 442,107
401,747

(2020 : £323,313) and £37,280 was unrestricted (2020 : £78,434).

3. EXPENDITURE ON CHARITABLE ACTIVITIES

Payroll costs
Professional fees
Training costs
Hosting costs
Travel expenses
Meeting room hire and catering costs
Bank charges
Insurance
Advertising and promotion
Course leadership
Teaching resources
Sundry expenses
Independent examiner’s remuneration		 Activities
Total
2021
Total
2020
£
£
£
264,401
264,401
298,558
11,805
11,805
9,379
27,776
27,776
31,547
69,030
69,030
42,313
230
230
950
3,083
3,083
12,916
150
150
164
2,103
2,103
1,960
2,347
2,347
1,110
6,360
6,360
9,892
1,248
1,248
749
16,419
16,419
4,476
2,300
2,300 1,236
407,252
407,252
415,250

Expenditure on charitable activities was £407,252 (2020 : £415,250) of which £361,494 was restricted (2020 : £319,590) and £45,758 was unrestricted (2020 : £95,660)

FYLDE COAST SCITT LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

4. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE

Direct costs
5.
ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES
Supplying education related services
6.
NET INCOME
This is stated after charging:
Independent examiner's remuneration
During the year, no Trustees received any benefits in kind (2020 - £Nil).
During the year, no Trustees received any remuneration (2020 - £Nil)
7.
DEBTORS
Trade debtors
Prepayments and accrued income
 Total
Total
2021
£
2020
£
407,252
415,250
Total
Total
2021
£
2020
£
407,252
415,250
2021
2020
£
£
2,300
1,236
2021
2020
£
£
140
26,880
-
586
140
27,466

FYLDE COAST SCITT LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

8. CREDITORS: Amounts falling due within one year

Other creditors
Accruals and deferred income		 2021
2020
£
£
96,031 91,043
13,553
60,362
109,584
151,405

9.

Year ended 31 August 2021
Restricted funds
School improvement projects
Initial teacher training (incs Schools Direct)
Core funding
Other grants
Total restricted funds
Unrestricted funds
General fund
Total of funds		 Brought
Incoming
Resources
Carried
forward
resources
expended
forward
£
£
£
£
7,545
-
(7,545)
-
68,852
364,827
(305,949)
127,730
-
40,000
(40,000)
-
8,000
-
(8,000)
-
84,397
404,827
(361,494)
127,730
57,011
37,280
(45,758)
48,533
141,408
442,107
(407,252)
176,263

Restricted funds

School Improvements Projects - refers to the Latin and Literacy projects being managed by the Fylde Coast Teaching School.

Initial Teacher Training - Funds are received by the Teaching School to train and develop future teachers in the local primary and secondary schools and academies. The funds carried forward will be used to continue this work in the following year.

Other grants – This reserve represents funds received from the National College to support the work of National Leaders of Education and Governance.

FYLDE COAST SCITT LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

Year ended 31 August 2020
Restricted funds
School improvement projects
Initial teacher training (incs Schools Direct)
Core funding
Other various projects
Total restricted funds
Unrestricted funds
General fund
Total of funds		 Brought
Incoming
Resources
Carried
forward
resources
expended
forward
£
£
£
£
-
13,145
(5,600)
7,545
72,674
270,168
(273,990)
68,852
-
40,000
(40,000)
-
8,000
-
-
8,000
80,674
323,313
(319,590)
84,397
74,237
78,434
(95,660)
57,011
154,911
401,747
(415,250)
141,408

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
£ £ £ £
Current assets 227,212 58,635 285,847 292,813
Creditors due within one year (99,482) (10,102) (109,584) (151,405)
127,730 48,533 176,263 141,408
Year ended 31 August 2020 Restricted
funds		 Unrestricted
funds		 Total
funds		 Total
funds
2020 2020 2020 2019
£ £ £ £
Current assets 188,449 104,364 292,813 278,215
Creditors due within one year (104,052) (47,353) (151,405) (123,304)
84,397 57,011 141,408 154,911

FYLDE COAST SCITT LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

11. RELATED PARTY TRANSACTIONS

Due to the nature of the Teaching School’s operations and the composition of the Board of Trustees being drawn from local public sector organisations, transactions may take place with these organisations in which a trustee has an interest. All transactions involving such organisations are conducted at arm’s length and in accordance with the Teaching School’s financial regulations and normal procurement procedures.

The following related party transactions took place in the period of account:

The Blackpool Sixth Form College – (member of Fylde Coast SCITT Ltd) provided services within the year totalling £193,481 (2020: £208,101), relating to the provision of senior leadership, staffing, room hire and printing services. As at 31 August 2021, £32,584 was due to The Blackpool Sixth Form College (2020 : £69,011). The Fylde Coast SCITT provided services within the year totalling £100 (2020 : £2,579) to the Blackpool Sixth Form College. The Teaching School hosted conferences and training sessions attended by some staff members of the College. £Nil was receivable at 31 August 2021 (2020: £Nil).

Hodgson Academy – (member of Fylde Coast SCITT Ltd) Services totalling £15,390 (2020 : £9,824) were provided by Hodgson Academy mainly relating to the provision of staffing for the SCITT programme, teacher training hosting and course facilitation. As at 31 August 2021 £4,310 (2020 : £nil) was outstanding. The Fylde Coast SCITT provided training courses totalling £50 (2020: £1,000) to Hodgson Academy during the year. £Nil (2020 : £nil) was receivable from Hodgson Academy at 31 August 2021.

12. STAFF NOT DIRECTLY EMPLOYED BY THE CHARITY

The Fylde Coast SCITT does not have its own payroll system as it would not be financially viable to do this. Salaries are calculated and paid by BSFC and FCAT on a payroll bureau basis then recharged to the Teaching School.