REGISTERED CHARITY NUMBER: 1169758
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 FOR FLEXIBLE LEARNING CENTRE FOUNDATION
SHABIR NAWAB & CO 11 Portland Road Edgbaston Birmingham West Midlands B16 9HN
FLEXIBLE LEARNING CENTRE FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 5 |
| Detailed Statement of Financial Activities | 6 |
FLEXIBLE LEARNING CENTRE FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 October 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' (effective 1 January 2015).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1169758
Principal address
23 All Saints Road Birmingham West Midlands B18 5QB
Trustees
Ms Shamim Akhtar Mr Majid Raza Mr Arshad Mahmood
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES Objectives and aims
The main charitable objectives being:
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The advancement of education for the public benefit by:
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a) The provision of accredited training courses for particularly young people but not exclusively young offenders and youths not in education, employment or training needs.
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b) Training and educational support for adults who are not in education or employment and who are receiving specific benefits from the state or who would not otherwise be able to afford education to advance their opportunities for economic and financial stability.
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The advancement in life of children aged 13-16 who reside within 5 miles of Birmingham and are excluded (or at risk of being excluded) from mainstream education and come from economically and financially deprived background by providing advice, assistance and programmes of activities as a means to develop their skills, capacities and capabilities and enable them to participate in society as independent, mature and responsible individuals.
ON BEHALF OF THE BOARD :
MS SHAMIM AKHTAR - Trustee
22[nd] July 2022
Page 1
FLEXIBLE LEARNING CENTRE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| Notes | £ | £ | |
| INCOMING RESOURCES | |||
| Incoming resources from generated | |||
| funds | |||
| Voluntary income | 17,000 | 3,000 | |
| RESCOURCES EXPENDED | |||
| Costs of generating funds | |||
| Costs of generating voluntary income | 2 | 11,498 | 4,090 |
| NET INCOMING/(OUTGOING) | |||
| RESOURCES | 5,502 | (1,090) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | (444) | 646 | |
| TOTAL FUNDS CARRIED FORWARD | 5,058 | (444) |
The notes form part of these financial statements
Page 2
FLEXIBLE LEARNING CENTRE FOUNDATION
BALANCE SHEET AT 31 OCTOBER 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 6,683 | 681 | |
| CREDITORS | |||
| Amounts falling due within one year | 4 | (1,625) | (1,125) |
| NET CURRENT ASSETS/(LIABILITIES) | 5,058 | (444) | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 5,058 | (444) | |
| NET ASSETS/(LIABILITIES) | 5,058 | (444) | |
| FUNDS | 5 | ||
| Unrestricted funds | 5,058 | (444) | |
| TOTAL FUNDS | 5,058 | (444) |
The financial statements were approved by the Board of Trustees on 22[nd] July 2022 and were signed on its behalf by:
MS SHAMIM AKHTARI -Trustee
The notes form part of these financial statements
Page 3
FLEXIBLE LEARNING CENTRE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared 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 (FRS102)-charities SORP (FR102) (effective 1 January 2015), and the Charities Act 2011.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from 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.
2. COST OF GENERATING VOLUNTARY INCOME
| 2021 £ Heat and light 300 Rates and water 9,202 Repairs and renewals 1,427 Support costs 569 11,498 |
2020 £ 2,365 470 260 995 4,090 |
|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2021.
Trustees' Expenses
There were no trustees' expenses paid for the year ended 31 October 2021.
The notes form part of these financial statements
Page 4
FLEXIBLE LEARNING CENTRE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2021
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Other creditors | 1,625 | 1,125 |
5. MOVEMENT IN FUNDS
| Net | |||
|---|---|---|---|
| movement in | |||
| At | 01/11/20 | funds | At 31/10/21 |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | (444) | 5,502 |
5,058 |
| TOTAL FUNDS | (444) | 5,502 |
5,058 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement in | |
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 17,000 | (11,498) | 5,502 |
| TOTAL FUNDS | 17,000 | (11,498) | 5,502 |
The notes form part of these financial statements
Page 5
FLEXIBLE LEARNING CENTRE FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2020
| 2021 | 2020 | |
|---|---|---|
| Unrestricted | Unrestricted | |
| funds | funds | |
| £ | £ | |
| INCOMING RESOURCES | ||
| Voluntary income | ||
| Donations | 17,000 | 3,000 |
| Total incoming resources | 17,000 | 3,000 |
| RESOURCES EXPENDED | ||
| Costs of generating voluntary income | ||
| Heat and light | 300 | 2,365 |
| Rates and water | 9,202 | 470 |
| Repairs & renewals | 1,427 | 260 |
| Support costs | ||
| Finance | ||
| Bank charges | 69 | 70 |
| Others | ||
| Accountancy and legal fees | 500 | 500 |
| Post and stationery | 425 | |
| Total resources expended | 11,498 | 4,090 |
| Net (expenditure)/income | 5,502 | (1,090) |
This page does not form part of the statutory financial statements
Page 6