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2021-03-31-accounts

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Registered number:08316534 Charity number: 1169044

Liverpool Learning Partnership Ltd

Unaudited

Trustees' Report and Financial Statements

For the year ended 31 March 2021

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Contents

Page
Reference and administrative details of the charity, its Trustees and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6 - 7
Statement of financial activities 8
Statement of financial position 9
Notes to the financial statements 10 - 17

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Reference and Administrative Details of the Charity, its Trustees and Advisers For the year ended 31 March 2021

Trustees P Anderson
C Chatburn
M Christian (resigned 13 October 2020)
C Denby (resigned 13 October 2020)
K Desmond
M Beard
J McDonald
K Smyth (resigned 13 October 2020)
A Wheeler
T J Alderman (resigned 13 October 2020)
J F Code (appointed 13 October 2020)
V C Corbett (appointed 13 October 2020)
C Hughes (appointed 13 October 2020)
E Vernon (appointed 13 October 2020)
Company registered
number 08316534
Charity registered
number 1169044
Registered office Toxteth Annexe
Aigburth Road
Liverpool
L17 7BN

Page 1

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Trustees' Report For the year ended 31 March 2021

The Trustees present their annual report together with the financial statements of the Liverpool Learning Partnership for the year 1 April 2020 to 31 March 2021. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

1.1.1 for the public benefit to promote and advance the education of pupils within and including the ages of two to twenty five in Liverpool in such ways as the charity trustees think fit, including by:

b. Activities for achieving objectives

The Liverpool Learning Partnership has a strategic plan to ensure its activities achieve its stated objectives, coordinating the provision of services and pupils aged between two and twenty five. This strategic plan covers a two year period and was written in full consultation with schools. This plan is nearing the end of its lifespan and will be replaced in the autumn of 2021. The plan is overseen by two strategic groups and reported on by the CEO to the Executive Board in termly meetings.

Page 2

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Trustees' Report (continued) For the year ended 31 March 2021

Objectives and activities (continued)

c. Main activities undertaken to further the charity's purposes for the public benefit

Tim Alderman, Head of St Julie’s Catholic High School, completed his term of office as Chair of the executive board. His input was warmly appreciated. He has been replaced by Jo Code, the head of St Hilda’s CE High School. The CEO continued in post driving forward the strategic plan. This was monitored termly by the Executive Board. In terms of staffing, the Reading Co-ordinator continued in post, coordinating an online reading festival which was well supported by schools and a diverse range of authors. In addition, a wide range of online resources has been produced to support pupils and families. The work undertaken to support schools in addressing the mental health and wellbeing of children has continued to be a real focus in this last year. The project manager has driven this work forward with colleagues from health and the third sector. School staff have been trained and supported and the city has successfully increased the number of Mental Health Support Teams with funding from NHS England. The work of the Liverpool Cultural Education Partnership (LCEP) has been maintained this year with the Co-ordinator having a more regional focus. Culturepool, a website for the hosting of all schools and cultural partners’ events and programmes is being widely used. As part of our work on transition, an online form has been developed to ensure primary to secondary information is consistent across the city. As part of the city wide approach to attendance, LLP has maintained the services of a senior teacher for a day a week to support schools reviewing their attendance practices. The CEO contributed to a range of strategic boards alongside partners from health, early years, LCC colleagues and School Improvement Liverpool. Working alongside colleagues from School Improvement Liverpool, the LLP has supported over twenty primary schools as part of the Schools Causing Concern protocol.

In uncertain days, with several lockdowns to contend with, the Partnership had to adapt quickly to meet the changing face of education. Our online presence increased significantly, and some of the platforms used will continue in the months ahead. We were able to maintain all staff in post, supporting schools, pupils and the families. Some funding could not be accessed but this has not had a significant impact on our work.

Achievements and performance

a. Review of activities

LLP receives subscriptions from the majority of schools across the city. The Executive Board reviews activities termly and receives a written report from the CEO for all business activities of the charity. The website: www.liverpoollearningpartnership.com details many of our ongoing activities, blogs, resources, etc. The LLP has been successful at drawing down funding from external sources to support specific initiatives:

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. 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.

Page 3

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Trustees' Report (continued) For the year ended 31 March 2021

b. Reserves policy

The unrestricted reserves primarily relate to the one-off contribution from LCC when the charity was initially set up. This balance is reducing year on year and in the long-term there is no intention to retain this level of reserves, as the current level of subscriptions cover the annual outgoings for operational costs.

Structure, governance and management

a. Constitution

Liverpool Learning Partnership Ltd is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 03/12/2012.

The company is constituted under a Memorandum of Association dated 03/12/2012 and is a registered charity number 1169044.

b. Organisational structure and decision making

The charity trustees (10) who represent all forms of provision for learners in the city, are responsible for the overall management and control of Liverpool Learning Partnership and meet termly to oversee the operations of the charity. There is a fulltime CEO who is charged with the day to day running of the Partnership and reports directly to the Trustees. The CEO reports to the Trustees on the Executive Board and convenes two strategic groups (all Learners and Learners who need more) to drive forward the two year strategic plan. Operational decisions are taken by the CEO with strategic oversight by the Executive Board/Trustees.

Trustees

Page 4

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Trustees' Report (continued) For the year ended 31 March 2021

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company 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 Company and of its incoming resources and application of resources, including its income and expenditure, 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 Company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

J F Code

13/10/2021 Date:

Page 5

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Independent Examiner's Report For the year ended 31 March 2021

Independent Examiner's Report to the Trustees of Liverpool Learning Partnership Ltd ('the charity')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2021, which are set out on pages 8 to 17.

Your attention is drawn to the fact that the charity's trustees have prepared the charity's accounts in accordance with the Statement of Recommended Practice '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) issued in October 2019 in preference to the Statement of Recommended Practice 'Accounting and Reporting by Charities: Statement of Recommended Practice (revised 2005)' issued in April 2005 which is referred to in the Charities (Accounts and Reports) Regulations 2008 but has been withdrawn. I understand that the charity's trustees have done this in order for the charity's accounts to give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

This report is made solely to the charity's trustees, as a body, in accordance with the regulations made under section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fulest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or the opinions I have formed.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to:

Page 6

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Independent Examiner's Report (continued) For the year ended 31 March 2021

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a comparison of the accounts with the accounting records kept by the charity. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

In connection with my examination, no matter has come to my attention:

Signed:

M Delf

Dated:

FCA

20/10/2021

Grant Thornton UK LLP Chartered Accountants Liverpool

Page 7

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Statement of financial activities (incorporating income and expenditure account) For the year ended 31 March 2021

Note
Income from:
Charitable activities
2
Total income
Expenditure on:
Charitable activities
3
Total expenditure
Net income/(expenditure)
Transfers between funds
9
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2021
£
243,554
243,554
178,794
178,794
64,760
(34,000)
30,760
114,076
30,760
144,836		 Unrestricted
funds
2021
£
188,390
188,390
194,655
194,655
(6,265)
34,000
27,735
143,390
27,735
171,125		 Total
funds
2021
£
431,944
431,944
373,449
373,449
58,495
-
58,495
257,466
58,495
315,961		 Total
funds
2020
£
399,653
399,653
576,866
576,866
(177,213)
-
(177,213)
434,679
(177,213)
257,466

The notes on pages 10 to 17 form part of these financial statements.

Page 8

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd Registered number: 08316534

Statement of Financial Position As at 31 March 2021

Note
Current assets
Debtors
7
Cash at bank and in hand
Creditors: amounts falling due within one
year
8
Net current assets
Total net assets
Charity funds
Restricted funds
9
Unrestricted funds
9
Total funds		 12,422
329,488
341,910
(25,949)		 2021
£
315,961
315,961
144,836
171,125
315,961		 18,627
256,870
275,497
(18,031)		 2020
£
257,466
257,466
114,076
143,390
257,466

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 in question in accordane with section 476 of the Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

J F Code

Date:

13/10/2021

The notes on pages 10 to 17 form part of these financial statements.

Page 9

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Notes to the Financial Statements For the year ended 31 March 2021

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Liverpool Learning Partnership 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.

1.2 Company status

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. 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.

1.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

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.

Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and cost relating to the governance of the company apportioned to charitable activities.

1.5 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.6 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 10

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Notes to the Financial Statements For the year ended 31 March 2021

1. Accounting policies (continued)

1.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

1.8 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.9 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

1.10 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. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 11

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Notes to the Financial Statements For the year ended 31 March 2021

2. Income from charitable activities

Liverpool Counts Quality Mark
LCEP Safeguarding Charter
Miscellaneous income
LCC Contribution
LLP Subscriptions
Reading
Families Programme: Attendance and Transition
Readathon
Mental Health - CCG
Maths Party
Cultural Citizens Programme - Sister Gwen Appleton Trust
LCC Mental Health
Total 2021
LLP Subscriptions
Maths quality mark
Miscellaneous income
LCC Funding
Sister Gwen Appleton Trust - arts award festival
Reading project & Readathon
Attendance
LCVS - Liverpool Children's Festival of Reading 2020
CCG Mental Health Support Teams
Employment and skills
Sister Gwen Appleton Trust - cultural citzen programme
2019/20
Mental health
Total 2020		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
100
-
-
2,300
-
287
-
50,000
-
135,803
5,477
-
45,000
-
785
-
129,572
-
600
-
3,000
-
59,020
-
243,554
188,390
Restricted
funds
2020
Unrestricted
funds
2020
£
£
-
124,719
7,400
-
-
21
-
50,000
4,000
-
73,877
-
37,686
-
2,500
-
76,550
-
1,600
-
17,300
-
4,000
-
224,913
174,740		 Total
funds
2021
£
100
2,300
287
50,000
135,803
5,477
45,000
785
129,572
600
3,000
59,020
431,944
Total
funds
2020
£
124,719
7,400
21
50,000
4,000
73,877
37,686
2,500
76,550
1,600
17,300
4,000
399,653

Page 12

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Notes to the Financial Statements For the year ended 31 March 2021

3. Analysis of expenditure by activities

Activities
undertaken
directly
2021
£
Direct costs and support costs
338,585
Activities
undertaken
directly
2020
£
Direct costs and support costs
537,681
Independent examiner's remuneration
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts
Fees payable to the Company's independent examiner in respect of:
All taxation advisory services not included above		 Support
costs
2021
£
34,864
Support
costs
2020
£
39,185
2021
£
4,000
2,275		 Total
funds
2021
£
373,449
Total
funds
2020
£
576,866
2020
£
4,000
-

4. Independent examiner's remuneration

5. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2021
£
144,524
16,308
30,558
191,390		 2020
£
140,541
15,822
26,072
182,435

The average number of persons employed by the Charity during the year was as follows:

2021 2020
No. No.
Employees 3 3

Page 13

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Notes to the Financial Statements For the year ended 31 March 2021

5. Staff costs (continued)

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

In the band £80,001 - £90,000

2021 2020
No. No.
1 1

6. Net income/(expenditure)

During the year, no Trustees received any remuneration (2020 - £NIL). During the year, no Trustees received any benefits in kind (2020 - £NIL). During the year, no Trustees received any reimbursement of expenses (2020 - £NIL).

7. Debtors

Trade debtors
Other debtors
Prepayments and accrued income		 2021
£
5,784
5,248
1,390
12,422		 2020
£
14,532
-
4,095
18,627

Page 14

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Notes to the Financial Statements For the year ended 31 March 2021

8. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Accruals and deferred income		 2021
£
19,474
-
6,475
25,949		 2020
£
12,872
1,159
4,000
18,031

9. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
Mental Health - Families
Programme
Culture (Curious Minds and
Arts Council)
Attendance
Readathon
CCG MH Project Manager
Reading & Transition Families
Project
Sister Gwen Appleton Trust -
cultural citizen programme
LCVS - Liverpool Children's
Festival of Reading 2020
Mental Health - LCC WER
Grant
Maths Party
Transition - LCC
Transition - CCG
Reading - misc income
Total of funds		 Balance at 1
April 2020
£
143,390
12,846
44,319
1,456
850
40,375
10,870
860
2,500
-
-
-
-
-
114,076
257,466		 Income
£
188,390
-
-
25,000
785
93,572
5,477
3,000
-
59,020
600
20,000
36,000
100
243,554
431,944		 Expenditure
£
(194,655)
-
(18,262)
(16,477)
-
(56,624)
(15,531)
(3,000)
(2,500)
(49,300)
(600)
(16,500)
-
-
(178,794)
(373,449)		 Transfers
in/out
£
34,000
-
-
-
-
-
-
-
-
-
-
-
(34,000)
-
(34,000)
-		 Balance at
31 March
2021
£
171,125
12,846
26,057
9,979
1,635
77,323
816
860
-
9,720
-
3,500
2,000
100
144,836
315,961

Page 15

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Notes to the Financial Statements

For the year ended 31 March 2021

Mental Health - families project - this money was received in previous financial years and is supporting the development of the Whole School Approach to mental health.

Culture - funding previously received from Curious Minds and the Arts Council to support the role of the Cultural Education Coordinator and the Liverpool Cultural Education Partnership.

Maths Party - funding received to sponsor the Liverpool Counts Maths Party.

Attendance - funding from the Families Programme in the previous financial year to support the strategic approach to improve attendance in schools across the city.

Readathon - donation received to buy reading for pleasure books for pupils.

CCG MH Project Manager - funding received as part of the Trailblazer for the Government Green Paper on the mental health of young people. This includes the secondment of the MH project lead and admin support.

LCVS Reading Festival - funding received to support an online reading festival for schools, pupils and families across the city.

Sister Gwen Appleton Trust Cultural Citizens Programme - this charitable trust has supported a Cultural Citizens programme in secondary schools in the city, engaging disadvantaged young people and enabling them to participate in arts activities.

Transition - funding previously received from LCC and the CCG to support summer schools for vulnerable pupils.

Mental Health - LCC WER Grant - the DfE gave grants to local authorities to spend on Wellbeing Education Recovery (WER) and LCC gave that money to LLP for the Whole School Approach to Mental Health Board to oversee. This money was spent on training for schools and development of online resources.

10. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
April 2020
£
143,390
114,076
257,466		 Income
£
188,390
243,554
431,944		 Expenditure
£
(194,655)
(178,794)
(373,449)		 Transfers
in/out
£
34,000
(34,000)
-		 Balance at
31 March
2021
£
171,125
144,836
315,961

Page 16

DocuSign Envelope ID: C9A2C179-5044-4D3C-B9D1-BA604733D152

Liverpool Learning Partnership Ltd

Notes to the Financial Statements For the year ended 31 March 2021

11. Analysis of net assets between funds

Analysis of net assets between funds - current year

Current assets
Creditors due within one year
Difference
Total		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
178,836
163,074
-
(25,949)
(34,000)
34,000
144,836
171,125		 Total
funds
2021
£
341,910
(25,949)
-
315,961

Analysis of net assets between funds - prior year

Current assets
Creditors due within one year
Total		 Restricted
funds
2020
£
114,076
-
114,076		 Unrestricted
funds
2020
£
161,421
(18,031)
143,390		 Total
funds
2020
£
275,497
(18,031)
257,466

12. Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £30,558 (2020: £26,072).

Page 17