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 2022
FYLDE COAST SCITT LTD (A company limited by guarantee) CONTENTS Page Reference and administrative details of the charity. its trustees and advisers Trustees. report Trustees. responsibilities statement Independent examinerfs report statement of financial activities 8alance sheet Statomont of Cash Flows 10 Notes to the flnanclal statements
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 2022 Trustees John Ashton IAppoinled 30191211 John Boyle (resigned 30191211 Graham Curry Jill Gray lan Siddall Holly Wood Company registered number 08058974 Charity registered number 1158621 Registered office The Blackpool Sixth Form College, Blackpool Old Road, Blackpool, FY3 7LR Company secretary Mr Martin Pickle5 Independent Examlner Nicola Mason FCA, DChA
FYLDE COAST SCITT LTD (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2022 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 2022. 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 Repoth'ng by Charities. Statement of Recommended Practice applicable lo charib'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102lleffective 1 October 20191. structure, governance and management . CONSTITUTION The company Inumber 080589741 is constituted under its Memorandum and Articles of Association and is a registered charity (number 11586211. The company is registered as a charitable company limited by guarantee and the company obtained charitable slalus on 18 September 2014. The company changed il's name from Fylde Coast Teaching School Limited to Fylde Coast SCITT Ltd on March 2021. The principal object of the company is lo provide such charitable purposes as the directors in their absolute discretion think fil including, bul not limited to, the advancement of education for the public benefit in the United Kingdom, in particular bul without prejudice lo the generality of the foregoing by lil supplying education related services and facilities to schools, colleS, local authorities, children, young people, adult learners, companies, corporations, trusts, associations and institutions Iiil providing school Improvement and related services to schools. colleges, local authorities, companies, corporations, trusts, associations and inslilutions. 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 Iruslees can and does include the following". Each trustee receives governance training within their own organisalion. 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 principalslheadteachers of 20 partner organisalions. 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 organisalions 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 2022 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 opemtions and the Board of Trustees being down from local public sector organisations, transactions may take place with organisalions 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 . POLICIES AND OBJECTIVES Reseprfes oli The reserves policy is included in the Financial Review section below. Investment olic Apart from retaining a prudent amount of reserves each year most of the charity's funds are lo be spent in the short term. Therefore, there are few funds available for investment. b. ACTIVITIES FOR ACHIEVING OBJECTIVES The Fylde Coast scirt achieves ils objectives by providing the following significant activilieslservices.. Outstanding teacher training programmes across a range of age ranges and phases A flow of well-qualified and well-prepared teachers for an Education Investment Area Training and professional development for subject and phase mentors Partnering and networking across the region lo enhance school improvement Aftercare service for SCITT graduates Achlevements and performance a. GOING CONCERN After the close of the Fylde Coast Teaching School, Fylde Coast SCITh 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 Iruslees insisted on ensuring the highest quality of candidates who receive the highest quality of training, and thus numbers remain small but il has been a great success. The company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going conrn basis in preparing the financial slatemenls. 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 2022 b. REVIEW OF ACTIVITIES The Trustees review the Charity's aims, objectives and activities on a regular basis. The review looks al the practical aspects of delivering the various programmes and considers the achievements and outcomes of the work carried out. The SUCsseS of each of the activities and the benefits brought lo the specific tsrgeted 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 lo 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 lime scale. The Fylde Coast SCITT continues to oplimise relationships beeen schools with the aim of maximising educational and employment opportunities for young people. Financial roVIOW The financial statements show net Incoming resources for the year of £80,981 12021 £34,855). The Trustees have reviewed the major risks faced by the Charity and have put plans in place lo mitigate these risks. RESERVES POLICY The level of unreslricled reserves held at 31 August 2021 amount to £50,747. The strategy is lo 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 leaching courses and conferences and spent as part of the Teaching School's plan lo deliver ils objectives. FUTURE DEVELOPMENTS The Charity plans to continue with teacher training across the northwest of England until August 2024. AI which point, the new providers will lake over and il is likely that Fylde Coast SCITT will be one of them. PUBLIC BENEFIT We confirm that we have complied with our duly to have due regard lo the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant 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.
FYLDE COAST SCITT LTD (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2022 2610512023 This report was approved by the Trustees on . and signed on their behalf by.. io G Curry Trustee
FYLDE COAST SCITT LTD (A company limited by guarantee) TRUSTEES, RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 AUGUST 2022 The Trustees Iwho are also directors of Fylde Coast SCITT Ltd for the purposes of company lawl are responsible for preparing the Trustees, reFX)rt 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 financi81 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 slate 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 fi'nancial slatemenls, the Trustees are required to". select suitable accounting policies and then apply them consislenlly", observe the methods and principles of the Charities SORP 2015 IFRS 1021,. make judgments and accounting eslimales that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charitable company will continue in operation. 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 lo 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 2022 report lo the charity trustees on my examination of the accounts of the company for the year ended 31 August 2022 which are set out on pages 8 10 17. Responslbllltles and basls of report As the charity Iruslees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'lhe 2006 Act'l. 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 I'lhe 2011 Act'l. In carrying out my examination I have followed the Direcb'ons given by the Charity Commission under section 145lSllbl of the 2011 Act. Independent examinerfs statement Since the company's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l 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 lo believe that in any material respect.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or the accounts do not accord with those records,. or the accounts do not comply with the auounling 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 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Pfftctice 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 IFRS 1021. 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 lo enable a proper understsnding of the accounts lo be reached. Nicola Mason FCA, DChA Moore and Smalley LLP Chartered Accountants Preston 3010512023
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 2022 Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Total funds 2021 Note INCOME FROM Charitable activities 354,478 3,706 358,184 442,107 TOTAL INCOME 354,478 3,706 358, 184 442,107 EXPENDITURE ON Charitable activities 275,711 1,492 277,203 407,252 TOTAL EXPENDITURE 275,711 1.492 277,203 407.252 NET MOVEMENT IN FUNDS 78,767 2,214 80,981 34,855 Total funds al 1 September 2021 127,730 48,533 176,263 141,408 TOTAL FUNDS AT 31 AUGUST 2022 206,497 50,747 257,244 176,263 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 ASA T31 AUGUST2022 2022 2021 Note CURRENT ASSETS Debtors 12,693 140 Cash in hand 267,828 285,707 280,521 285,847 CREDITORS: amounts falling due within one year 23,277 109,584 NET CURRENT ASSETSI{LIABILITIESI 176,263 257,244 176,263 CHARITY FUNDS Reslricled funds 206,497 127,730 Unrestricted funds 50,747 48,533 TOTAL FUNDSI{DEFICITI 257,244 176,263 The Trustees Consider that the company is entitled lo exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 1"the Act l and members have not required the company lo obtain an audit for the year ended 31 August 2022 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 stale of affairs of the company as at 31 August 2022 and of its nel incoming resources for the year in accordance wlh the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Act relating to financial ststemenls, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions applicable lo small companies within Part 15 of the Act 2610512023 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 slatemenls.
FYLDE COAST SCITT LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Statement of Cashflows 2022 2021 Nel lexpenditurellincome for the year 80,981 34,855 IlneaSe)1deCrease in debtors Increaselldecreasel in creditors 112,5531 27,326 Net cash inflow from operating activities Total cash flow 117,8791 20,360 Cash and cash equivalents al 1 September 2021 287 707 265 347 Cash and cash equivalents at 31 August 2022 267 828 285 707 10
FYLDE COAST SCITT LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of eslimalion uncertainly in Ihe 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 accordanee with Accounting and Reporting by Charities". Statement of Recommended Pfftetice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102lleffective October 20191 Icharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 1021 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 a¢¢ounts 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 doLJbt on the ability of the charitable company to continue as a going concern. The Trustees make this assessment in respect of a period of al least one year from the date of authorisalion of the accounts. The Trustees, along with the leaders of the charity, continue lo review the activities and finances termly. At the dale of approving these accounts the trustees have a reasonable expectation that the charity has sufficient cash resources to enable it lo 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 lo £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 2022 ACCOUNTING POLICIES {continuedl 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 lo 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 charyed against the specific fund. 1.5 Incoming resources All incoming resources are included in the Statement of Financial Activities when the company has entitlement lo the funds and when likelihood of receipt and the amount can be measured with sufficient reliability. 1.6 Resourcos expendod Expenditure Is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation lo 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 al 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. 12
FYLDE COAST SCITT LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 INCOME FROM CHARITABLE ACTIVITIES Restricted Unrestrieted funds funds 2022 2022 Total funds 2022 Total funds 2021 Initial teacher training Courses and conferences elc Miscellaneous income Grants 354,478 354,478 364,827 33,480 3,800 40,000 3,706 3,706 354,478 3,706 358,184 442,107 Income from charitable activities was £358,18412021 £442,107) of which £357,478 was restricted {2021 £404,827) and £3,706 was unreslricled12021 £37,280). EXPENDITURE ON CHARITABLE ACTIVITIES Total 2022 Total 2021 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 122,311 39,355 36,383 59,250 1,084 1,952 171 2,271 3,746 122,311 39,355 36,383 59,250 1,084 1,952 171 2,271 3,746 264,401 11,805 27,776 69,030 230 3,083 150 2,103 2,347 6,380 1,248 16,419 2,300 407,252 7,213 1,759 1,708 277,203 7,213 1,759 1,708 277,203 Expenditure on charitable activities was £277,20312021 £407,252) of which £275,711 was restricted 12021 £361,494) and £1,492 was unreslricled12021 £45,758) 13
FYLDE COAST SCITT LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE Total 2022 Total 2021 Direct costs 277,203 407 252 ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES Total 2022 Total 2021 Supplying education related serVIS 277,203 407,252 NET INCOME This is staled after charging.. 2022 2021 Independent examiner's remuneration 2,400 2,300 During the year, no Trustees received any benefits in kind12021- £Nil). During the year, no Trustees received any remuneration12021 £Nill DEBTORS 2022 2021 Trade debtors Prepayments and accrued income 1,056 11,637 140 12,693 140 14-
FYLDE COAST SCITT LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 CREDITORS: Amounts falling due within one year 2022 2021 Other creditors Accruals and deferred income 10,639 12,638 96,031 13,553 23,277 109,584 Ygar ended 31 August 2022 Brought forward Incoming Rosources resources oxpended Carried forward Restricted funds Initial teacher training lincs Schools Directl 127,730 354,478 {275,7111 206,497 Total restricted funds 127,730 354,478 275,711 206,497 Unrestricted funds General fund 48,533 3,706 11,4921 50,747 Total of funds 176,263 358,184 277,203 257,244 Restrictod funds Initial Teacher Training - Funds are reiVed by the Teaching School lo 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. 15
FYLDE COAST SCITT LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Year ended 31 August 2021 Brought Incoming Resources Carried forward re$ouree$ expended forward Restricted funds School improvement projects Initial teacher training lincs Schools Directl Core funding Other various projects 7,545 68,852 17,5451 1305,9491 140,000} 18,0001 364,827 40,000 127,730 8,000 Total restricted funds 84,397 404,827 361,494 127,730 Unre$trieted funds General fund 57,011 37,280 145,7581 48,533 Total of funds 141,408 442,107 407,252 176,263 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS Restricted Unrestricted funds funds Total funds Total funds 2022 2022 2022 2021 Current assets Creditors due within one year 229,774 123,2771 50,747 280,521 285,847 123,2771 1109,5841 206,497 50.747 257,244 176,263 Restricted Unrestricted funds funds Total funds Total funds Year ended 31 August 2021 2021 2021 2021 2020 Current assets Creditors due within one year 227,212 199,4821 58,635 110,1021 285,847 292,813 1109,5841 1151,4051 127,730 48,533 176,263 141,408 18-
FYLDE COAST SCITT LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 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 organisalions, transactions may lake place with these organisations in which a trustee has an interest. All transactions involving such organisalions 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 look place in the period of account". The Blackpool Sixth Form College (member of Fylde Coast SCITh Ltd) provided services within the year tolalling £108,637 12021.. £193,481), relating to the provision of senior leadership, staffing, room hire and printing services. As at 31 August 2022, £Nil was due to The Blackpool Sixth Form College 12021 £32,584). The Fylde Coast SCITT provided services within the year totalling £Nil 12021 £1001 lo the Blackpool Sixth Form College. Hodgson Academy - (member of Fylde Coast SCITT Ltd) Services lotalling £27,880 12021 £15,390) were provided by Hodgson Academy mainly relating lo the provision of staffing for the SCITT programme, teacher training hosting and course facilitation. As at 31 August 2021 £Nil12020 .' £Nill was oulslanding. 12. STAFF NOT DIRECTLY EMPLOYED BY THE CHARITY The Fylde Coast SCITT does not have ils own payroll system as il would not be financially viable to do this. Salaries are Calculated and paid by BSFC on a payroll bureau basis then recharged lo the Teaching School. 17