Company registration number 09013822 Charity rcgistration number 1170010 Global Skills Centre Company Limited by Gugrantee Report gnd Financial Ststements for the year ended 30 April 2022
Global Skills Centre Company Limited by Guarantee Company information Directors Polivi05 Efyhymiou Jeremy Barker E5jac Williams-Gormlie Sccretary Joseph Jacobs Company number 09013822 Charity number 1170010 ReEiStered otTice 2 Masefield Housc Staiford Road London W6 5YU Accounlants Lorrnlex Associates Accounlants I l KImr1eY Court Kimberley Road London NW6 7SL Bankers Barclays Bank plc 74 Shcpherds Bush Green IndOn W12 SQE Solicitors Rus5cII_Cookc Solicitors 2 Putney Hill London SW15 6AB
Global Skills Centre Company Limited by Guarantee Contents Page Directors, report Independcnt cxamincrs, report Statement ol financial activities Balance sheet Notcs to the statemenl of financial activities
Glob81 Skills Centre Company Limited by Guarnntee Directors, Report ror the period ¢nd¢d 30 April 2022 'l-he directors present this rcFrfTrrt and the financial statements lor the period ended 30 April 2022. Organisation Global Skills Centre is registered as both a Charity and a Company limitcd by guarantee and is govcrncd by its Mcmordndum and Articlcs of Association. The directors arc also Trnstccs of thc charity and are ferred to &8 directors. Revi¢w of Progress 'I"he Charity has continued to build steadily on ihe success over the past few years by ensuring our courscs and workshops are open to all sections of the community. Our success is bascd on our approach of placing more emphasis on providing after-school tuition. s"ri".Mi programmes, employment-oriented programrnes. volunteering opportunities and upskilling ror Icamers already in cmploymenl. I'roJn May 2021: w¢ have IKcn able to resume at full capacity after the rclaxalion of the Covid 19 restrictions. We continuc to build on the bcst of existing re50urcc5 and continue to scc dcmand for thc support we provide growing as wc idcntify and fill gaps whilst dclivering first-class servicc5 in an inclu5ivc. informal and enjoyable cnviromnent. Adult Provision During this period. 89 adults (aged 18+) bcncfited from lhc Digital Inclusion (ICT) training and F,SOL classes. The dcmand for these 2 subjects is still evident amongst adults in thc area: and thc charity conlinues to look at how besi w¢ can align provision closely to local n¢ed5 $0 that supply kccps abreast with the demand over thc coming years. 55 local rcsidents had access to free interneilcomputers and thc ccntrc's resources arc well ulili/cd by thc local community. In addition, thc community had access to open Icarning provision wilh tutor-led support on Trridays. Youllg Larners 32 young people (aged 7-16) benefited from After-school Maths and English tuition in Kcy Stages 2, 3 and 4. This activity is popular and ovcrsubscribcd, thcrc is currcnily a Icngthy waiting list. l.urthcrnior¢. th¢ STEM (Robotics and Coding) holiday and weekend progrdmme has cuntinued. Over thc year, 97 young people participated in the STEM programme. Page I
Global Skills Centre Cornpany Limited by Guarantee Review of d¢livery Thc Charily opcratC5 principally from our centre in South Kilburn. Brenl. We have in place a system of rcgul8r self-assessment, covering a review of perfomiance in teaching, management. rcsources, achievement, retention and progression. This is 5UPPQrt¢d by an cff¢¢tiV¢ 5ySt¢m of rccord-kceping, fecdback and evaluations which Iccd inlo our annual continuous improvement action plan. Support Wc would likc to thank all the organisations and individuals who have given invaluablc support to GSC during this financial year, in particular= South Kilbum l-tust. John l.yon's Charily, Breni I lubs, Oth¢rwi5c Club, Granville Community Kitchen, London Borough of BrcnL CVS BrenL Brent Job Centre, London Community Foundation and private individuals. We look forward to continuing and nurturin8 those important working relationships. 'rhc Global Skills Centre has also benefited from volunteer and staff in-kind contributions towards project delivery. This staff and volunteer donated time are valucd monctarily at over £26,500, and wc would like to thank them for th¢ir invaluable support over thc past ycar. Page 2
Global Skills Centre Company Limiicd by Guarantee Directors, Report for the period ended 30 April 2022 (continued) Statement of directors, respoiisibilities Directors arc rosponsiblc for the preparation of financial ststements for ¢ach financial y¢ar which gives a truc and fair vicw of the State of the affairs of thc charity and ofihe result for ihai period. In preparing those financial slatements, directors are required to:_ Select suitable accounting policics and then apply them consistcnl Mak¢ judgcmcnts and c5timates that were reasonable and prudcnt State whcth¢r applicable accounting standard5 havc been follow'ed. subject to any material departurc disclosed and cxplaincd in the accounts, and Prepare the financial statements on a going concern basis unl¢ss it is inappropriate to presume that the charity will continue to operatc. Directors responsible for keeping proper accounting records which disclose with reasonablc accuracy at any timc thc financial position of the charity. Thcy arc also rcsponsiblc for safcguarding th¢ asscts of the charity and henc¢ for taking reasonable steps for prevention and dclcclion of fraud and othcr irrcgularities. Direetors Thc dircctors who served during thc year were Polivios Efyhymiou. Jeremy Barker and Esjac Williams-Gonnlie. This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. This report was appro d by the board on 30 July 2022 and signed on its behalf by Jeremy Barker Director Page 3
Global Skills Centre Company Limited by Guarantee Independent Examiners, Report to the Trnsteos of Global Skills Celltre for the year ended 30 April 2022 I report on the accounts of the company for the year ended 30 April 2022. which are Set out on pages 4 to 8. Respective responsibilitios of Trustees and examiller 'rhe'l'rustees (who are also the directors of the company for the purrM)ses of company law) are responsible for the preparation of the accounts. The Trusiees consider thai an audil is noi required for this year under section 43(2) of the Clwities Act 1993 (the 1993 Act) and t1 an accountants, report 15 nceded. Ilaving satisfied myself that the ch2rity is not subjcct to audil under company law and is eligible for independcnt cxamination, it is my responsibility to.. examine the accounts undcr section 43 of the I W3 Act. to follow the procedures laid down in th¢ genernl Dir¢¢tions givcn by thc Charily Commission under section 43(7Kb) of the 1993 Act. and to slate whether particular malt¢rs have Com¢ io my attention. Basis of accountants, report My examination was carried out in accordance with thc gcnerdl Directions given by the Charity Commission. An examination includcs a rcvicw of the accounting records k¢pi by thc Charily and a comparison of th¢ accounts pr¢5entcd wtth those records. It also includes ¢4)nsideraiion of any unusual itcins or dis£losures in th¢ a¢wunts and 5ccking cxplanalions from you as Trustees con¢eming any such matter5. The procedures undertaken do noi provide all the evidence that would be required in an audit and consequently no opinion 15 given as to whether the a¢¢ounts pr¢s¢nt a kne and fair vicw" and the report is limit¢d to thos¢ mattets 5ct out in the statement below. Accountants, statement In connection with my examination. no matter has come to my attention: (l ) which gives me reasonabl¢ ¢aus¢ to believe that in any material r¢sp¢ct the r¢quircmcnts: to kccp accounting record5 in accordance with 5CCtion 386 of the Compantes Act 2006; and ¢0 prepare accounts which accord with t accounting records. comply with the accounting rcquircments of section 396 of the Co¥npanics Act 2006 and with the methods And prin¢iplcs of the Siatcmcnt of Recommended Pracikce: Accounthng aNI Reporting by Charilies have not been mot; or (2) which, ID my opinion, attention should bc in order to enablc a proper understanding of the accounts to be ffachcd. I.0aleX Associates AcLountsnt5 and Independent Examiner5 I l Kimberley Court KimbLrlcy Road London NW6 7SI. 30 July 2022 Page 4
Global Skills Centre Company Limited by Guarnntee Statement ol Financial Activilies for tbe year ended 30 April 2022 Unrestrict Fullds Restricted Total Funds 2022 Total 2021 Note lllcoming Resources From generating funds Activities for generating funds Grant5 and donations Interest receivable 7.350 7,350 93.754 13 7,840 141,477 93.754 13 Total Incoming Resourc 7J63 93,754 101.117 149J26 Rcsources Expended Cost of g¢nerating funds Charitable activities 4,697 115,422 120.119 95,805 Total Resources Expended 4,697 J 15.422 120,119 9S,805 Net Incoming l Outgoing Resources Surplus l (Dcficit) (21,668) (19,002) 53521 Total Fund5 Brought Forward Adjustment to Post Balancc Sheet 11,883 (54) 51.142 63,025 (54) 9.504 Total Fullds Carried Forward 14,495 29.474 43.969 63.025 All traosactions arc derived from eolltinuing activities All recogniscd gains and 105ses are includcd in the Statrment of Financial Activities (sofA). 'I"he notes on pagc5 6 to 8 fonn part of these financial statements. Page 5
Globl Ski115 Centre CompDy Limited by Guarantee Bltttt Sbtet as *t 30 April 2022 21)22 2022 2021 Notes Fistd assets Tangible assels 191 254 Current assets DebtoJ3 and Prcpaymcnts Cash at bank and in hand 4,607 75,658 9,499 90,091 80265 99,590 Creditors: amounts falling due within one year (36,487) (36.819) Nct current assets I liabilities 43,778 62.771 Net assets 43,969 63,025 Re$¢rves Funds 43.969 63,025 In approving these financio151atements &8 director5 of the company we hercby confirm.. (a) that for the y¢ar statcd above the company wa5 entitled to the ex¢mwion conferrcd by Section 477 ofihe CoTnpanies Act 2006 . (b) th no notice has been deposiied at the registered OTee of the company pursuant lo Section 476 requesting ihat an audit bc conducted for the period ended 30 April 2022 and (c) that we acknowledge our re5ponsibtlities for: (l) cn5uring that the company kccps accounting rccords which comply with Scclion 386, and (2) preparing financial statements which give a true and fair vicw of the stsie ofaffairs of the company as ai th¢ cnd of the financial year and of its surplus for thc ycar then ended in aOrdanCe with the requirem¢nls of Scction 394 and 395 and which oihetivise comply with the provisions of the Companies Act 2006 relating lo financial statcmcnls so far as applicable to the company. 'I'hese financial statements are prepared in accordance with the special provisions of Part 15 of the Companics Act 2006 relating to small companies. "I'hc financial stat¢m¢nts were approvcd by the on 30 July 2022 and sign on its behrbY Joseph Jacobs Secretary eycm) Barker Director Page 6
Global Skills CeDtre Company Limited by Guarantee Notes to the Ststement of fiDAlleial Activities for the ye*r ¢Dded JO April 2022 Accounting policie5 1.1. Accounting eonventioll The financial stalements are prcpared under the historical cost convention. and in accordance with applicable accounting standards and the Sthtement of Recommcnded Accounting Practice 2005 (SORP) accounting by Charities Commission. The company has takcn advantage of the exemption in FRS I from the requirement to produce a cash flow statcment as r¢quired by inancial Reporting Standard No. l on the gmund that it is a small company. 1.2. Incoming Resourc Incotning rc50urces r¢present amounts receivablc during the year. Grants and donations for sp¢¢ific purposes are treated as income in the year in which received. ATnounts received during th¢ year relating to specific riOdS are spread ovcr the pcriods to which thcy rclate. 1.3. Outgoing Resourc&8 Thcsc arc rcsourccs expended in order to dclivcr services. Th¢y are included in the Statement of Financial Activitics (SOFA) on a¢¢ruals basis. inclusive of any VAT paid. VA T cannot be recovcrcd. Fxpcnditurc 15 charged to aeiivities on a direci allocalion and / or a 5uitsble apportionment basis, in a manner consistently applied. 1.4. Fund Accounting Restricted and unrestricted fund5 are separately disclosed. as set out in the SOFA. The differcnt funds held are defined as lollows: . - Rcstricted funds are subject to the specific purposes for which the funds were raiscd. Unrestricted funds are available to spend at the discretion of the Trustccs in furthcrance of the Charlble objectives of the charity. Taxation As a rcgistered charity, the company is rK)tentially exempt from income and corporation taxation in rc5pect of incomc and capital gains ceiVed within thc categories covered by S505 of thc .1 axcs Aci 1988 or S256 of the Taxation of Chargeable Gains Act 1992 to the cxteni ihal such income or gains are applied to exclusivcly charitablc purposes. Liability of Members The liability of members is limited by guarantee not execeding £1 each. Going Coneern The accounts are prcparcd on a 'goin8 concern, basis. The Trustees still considcr that 'going concern, is the correct basi5 to preparc thc accounts on the grounds that they have con¢luded an alternativ¢ funding arrangemcnt and thai grani funds will, in their view, be sourced to carry out thc ncw activitie5. The Trustres will not undertake commitments until new funding has becn 5ccured. Ptsge 7
Clob#l Skills CeDtre Company Limited by GuaraDtee Noles to the Staiemellt ocfinallcial artivities for the yer ended 30 April 2022 Incoming Resources Unrestricted R(tricted Funds Funds 2022 Total 2021 Total Grant Intcrcst Rcceivable Opcrating Income 93,754 93.754 141,477 13 7.350 13 7.350 7.840 7J63 93,754 101,117 149,326 Resources Expended Unrestricted Rtricted Funds Funds 2022 Total 2021 Total Charitablc activities 4.697 115.422 120,119 95,805 4,697 115.422 120,119 95,805 Tangible fixed assets oirice .quipment Total C05t At l May2021 Addition5 .900 At 30 April 2022 1.900 1,900 Depreeiation At l May2021 Charg¢ for the year At 30 April 2022 1.646 63 1,646 63 1.709 .709 Net book value5 At 30 April 2022 191 191 Net book v41ves At 30 April 2021 254 254 PaRe 8
Glohl Skius Celltre Comp*ny Limited by Gu4rallttt Notes to the Slatemcnt of financial aetivities for the year ended 30 April 2022 Current Assets: Debtors and Prepayments 2022 2021 Debtors and prepayments 4.607 9,499 607 9,499 Creditors: amounts falling due witbin one year 2022 2021 Accruals and deferred income 36,487 36,819 36,487 36019 Page 9