| Board Of Trustees | P J J Bradbury |
|---|---|
| D L Porter | |
| D Barling | |
| A Foster | |
| M J Bcttcridgc | |
| R Tucker MBE | |
| Lt Cdr N Atkins | |
| P Findlay | |
| Charity number | 1158886 |
| Independent examiner | William Daniels FC A, CTA |
| Suite 11 | |
| 33-34 Gleaming Wood Drive | |
| Chatham | |
| Kent | |
| ME5 8RZ |
| Page | Page | |
|---|---|---|
| Board’s report | 1 | - 5 |
| Statement of Board’s responsibilities | 6 | |
| Independent examiner’s report | 7-8 | |
| Statement of financial activities | 9 | |
| Balance sheet | 10-11 | |
| Notes to the financial statements | 12-25 |
| funds | funds | funds | funds | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| Notes | £ | £ | £ | £ | £ | £ | |
| Income from: | |||||||
| Donations and | |||||||
| legacies | 3 | 112,382 | 151,187 | 263,569 | 112,279 | 92,000 | 204,279 |
| Charitable activities | 4 | 160,379 | - | 160,379 | 265,759 | - | 265,759 |
| Other trading | |||||||
| activities | 5 | - | - | - | 20,220 | - | 20,220 |
| Total income | 272,761 | 151,187 | 423,948 | 398,258 | 92,000 | 490,258 | |
| Expenditure on: | |||||||
| Raising funds | 6 | - | - | - | 5,337 | - | 5,337 |
| Charitable activities | 7 | 269,239 | 191,043 | 460,282 | 209,151 | 28,287 | 237,438 |
| Total resources expended | 269,239 | 191,043 | 460,282 | 214,488 | 28,287 | 242,775 | |
| Net | |||||||
| income/(expenditure) for | |||||||
| the year/ | |||||||
| Net movement in funds | 3,522 | (39,856) | (36,334) | 183,770 | 63,713 | 247,483 | |
| Fund balances at 1 August | |||||||
| 2020 | (119,605) | 92,848 | (26,757) | (303,375) | 29,135 | (274,240) | |
| Fund balances at 31 July | |||||||
| 2021 | (116,083) | 52,992 | (63,091) | (119,605) | 92,848 | (26,757) |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 11 | 8,963 | 5,592 | ||
| Investments | 12 | 100 | - | ||
| 9,063 | 5,592 | ||||
| Current assets | |||||
| Debtors | 13 | 57,844 | 23,995 | ||
| Cash at bank and in hand | 124,379 | 232,473 | |||
| 182,223 | 256,468 | ||||
| Creditors: amounts falling due | |||||
| within one year | |||||
| Loans and overdrafts | 14 | 63,443 | 60,000 | ||
| Taxation and social security | - | 3,094 | |||
| Other creditors | 15 | 40,469 | 52,115 | ||
| 103,912 | 115,209 | ||||
| Net current assets | 78,311 | 141,259 | |||
| Total assets less current liabilities | 87,374 | 146,851 | |||
| Creditors: amounts falling due | |||||
| after more than one year | 16 | (150,465) | (173,608) | ||
| Net liabilities | (63,091) | (26,757) | |||
| Income funds | |||||
| Restricted funds | 17 | 52,992 | 92,848 | ||
| Unrestricted funds | (116,083) | (119,605) | |||
| (63,091) | (26,757) |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Donations and gifts | 264 | 264 | 24,062 | |
| Support grants | 112,118 | 151,187 | 263,305 | 180,217 |
| 112,382 | 151,187 | 263,569 | 204,279 | |
| For the year ended 31 July 2020 | 112,279 | 92,000 | 204,279 | |
| Charitable activities | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Services provided under contract | 160,379 | 265,759 | ||
| Other trading activities | ||||
| Unrestricted | Total | |||
| funds | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Fundraising events | - | 20,220 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Staff costs | 303,271 | 146,523 |
| Depreciation and impairment | 4,238 | 1,458 |
| Training projects | 58,871 | 42,360 |
| Advertising | 3,264 | 2,581 |
| Rent | 10,439 | 6,240 |
| Travel and subsistence | 6,341 | 8,887 |
| Telephone and internet | 5,455 | 4,432 |
| Computer costs | 13,575 | 8,022 |
| Insurance | 1,147 | 524 |
| Bank charges | 214 | 412 |
| Consultancy and professional costs | 26,553 | 6,463 |
| Other staff costs | 4,409 | 19 |
| Other office expenses | 1,210 | 549 |
| Miscellaneous costs | 380 | 5,368 |
| Other charitable expenditure | 8,029 | - |
| 447,396 | 233,838 | |
| Share of support costs (see note 8) | 8,886 | - |
| Share of governance costs (see note 8) | 4,000 | 3,600 |
| 460,282 | 237,438 | |
| Analysis by fund | ||
| Unrestricted funds | 269,239 | 209,151 |
| Restricted funds | 191,043 | 28,287 |
| 460,282 | 237,438 |
| **8 ** | Support costs | ||||
|---|---|---|---|---|---|
| Support | 1Governance | 2021 | 2020 | ||
| costs | costs | ||||
| £ | £ | £ | £ | ||
| Operating lease charges | 8,886 | - | 8,886 | - | |
| Legal and professional | - | 4,000 | 4,000 | 3,600 | |
| 8,886 | 4,000 | 12,886 | 3,600 | ||
| Analysed between | |||||
| Charitable activities | 8,886 | 4,000 | 12,886 | 3,600 |
| The average monthly number of employees duri | ng the year was: | |
|---|---|---|
| 2021 | 2020 | |
| Number | Number | |
| 14 | 7 | |
| Employment costs | 2021 | 2020 |
| £ | £ | |
| Wages and salaries | 281,660 | 137,741 |
| Social security costs | 17,767 | 6,214 |
| Other pension costs | 3,844 | 2,568 |
| 303,271 | 146,523 |
| 11 | Tangible fixed assets | |||
|---|---|---|---|---|
| Computers | ||||
| £ | ||||
| Cost | ||||
| At 1 August 2020 | 7,732 | |||
| Additions | 7,609 | |||
| Disposals | (1,061) | |||
| At 31 July 2021 | 14,280 | |||
| Depreciation and impairment | ||||
| At 1 August 2020 | 2,140 | |||
| Depreciation charged in the year | 4,124 | |||
| Eliminated in respect of disposals | (947) | |||
| At 31 July 2021 | 5,317 | |||
| Carrying amount | ||||
| At 31 July 2021 | 8,963 | |||
| At 31 July 2020 | 5,592 | |||
| 12 | Fixed asset investments | |||
| Other | ||||
| investments | ||||
| Cost or valuation | ||||
| At 1 August 2020 | ||||
| Additions | 100 | |||
| At 31 July 2021 | 100 | |||
| Carrying amount | ||||
| At 31 July 2021 | 100 | |||
| At 31 July 2020 | ||||
| 2021 | 2020 | |||
| Other investments comprise: | Notes | £ | £ |
| Investments in subsidiaries | 21 | 100 | - | |
|---|---|---|---|---|
| 13 | Debtors | |||
| 2021 | 2020 | |||
| Amounts falling due within one year: | £ | £ | ||
| Trade debtors | 54,680 | 23,995 | ||
| Prepayments and accrued income | 3,164 | - | ||
| 57,844 | 23,995 | |||
| 14 | Loans and overdrafts | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Bank overdrafts | 300 | |||
| Bank loans | 50,000 | - | ||
| Other loans | 163,608 | 233,608 | ||
| 213,908 | 233,608 | |||
| Payable within one year | 63,443 | 60,000 | ||
| Payable after one year | 150,465 | 173,608 |
| **15 ** | Other creditors falling due within one year | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Trade creditors | 13,502 | 2,846 | ||
| Amounts owed to group undertakings | 693 | - | ||
| Accruals and deferred income | 26,274 | 49,269 | ||
| 40,469 | 52,115 | |||
| **16 ** | Creditors: amounts falling due after more than one | |||
| year | ||||
| 2021 | 2020 | |||
| Notes | £ | £ | ||
| Bank loans | 14 | 46,857 | ||
| Other borrowings | 103,608 | 173,608 | ||
| 150,465 | 173,608 |
| **Movement ** | in funds | |||
|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | |
| 1 August | resources | expended | 31 July 2021 | |
| £ | £ | £ | £ | |
| David Wilson Foundation - East Midlands | ||||
| training | 59,000 | 67,000 | (96,000) | 30,000 |
| Veterans Foundation - staff for geographical | ||||
| expansion | 25,000 | - | (25,000) | - |
| BFBS Big Salute - Workwear | 8,848 | - | (8,848) | - |
| Armed Forces Covenant Trust - Positive | ||||
| Pathways | - | 33,250 | (33,250) | - |
| Lloyd’s Patriotic Fund - New Training Centre | ||||
| in Wales | - | 19,000 | (2,933) | 16,067 |
| National Lottery - Remote learning and | ||||
| rcskilling | - | 19,616 | (19,616) | - |
| Groundwork London -new pathway for | ||||
| Veterans into Construction | - | 5,642 | (3,526) | 2,116 |
| London Borough of Wandsworth - new | ||||
| opportunities for Wandsworth residents | - | 4,809 | - | 4,809 |
| Other grants | - | 1,870 | (1,870) | - |
| 92,848 | 151,187 | (191,043) | 52,992 |
| **18 ** | Analysis of net assets between funds | Analysis of net assets between funds | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted Restricted | Total Unrestricted | Restricted | Total | ||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| £ | £ | £ | £ | £ | £ | ||
| Fund balances at 31 | |||||||
| July 2021 arc | |||||||
| represented by: | |||||||
| Tangible assets | 8,963 | 8,963 | 5,592 | 5,592 | |||
| Investments | 100 | - | 100 | - | - | - | |
| Current | |||||||
| assets/ (liabilities) | 25,319 | 52,992 | 78,311 | 48,411 | 92,848 | 141,259 | |
| Long term liabilities | (150,465) | - | (150,465) | (173,608) | - | (173,608) | |
| (116,083) | 52,992 | (63,091) | (119,605) | 92,848 | (26,757) |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Within one year | 37,000 | |
| Between two and five years | 83,000 | |
| 120,000 |
| Name of undertaking Registered | Nature of business | Class of | % Held |
|---|---|---|---|
| office | shares held | Direct Indirect | |
| Building Heroes Property | Provision of property | Ordinary | 100.00 |
| Services Ltd | maintenance services | shares |