2020-08-31-accounts - Cyfle Building Skills Limited

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		Page	Page
Report ofthe Trustees	1	to	3
Report ofthe Independent Auditom	4	to	5
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement
Notes tothe Financial Statements	10	to	17
Detailed Statement ofFinancial Activities	18	to	19

		2020	2019
		Unrestricted	Total
		funds	funds
RXEDASSETS	Notes	8
Tangible assets
CURRENT ASSETS
Debtors Cash at bank	12	92,786 216,662	164,945 63,573
		309,448	228,518
CREDITORS
Amounts falling due within one year	13	(32,292)	(92,971)
NET CURRENT ASSETS		27?,156	135,547
TOTAL ASSETS LESSCURRENT
LIABIUTIES		277,156	135,645
NET ASSETS/(LIABILITIES)		277,156	135,645
FUNDS	14
Unrestricted funds		277,156	135,645
TOTAL FUNDS		277,156	135,645

	FORT	HE YEAR ENDED	31AUGUST 2020
			2020	2019
		Notes	6
Cash flows from operating	activfifes
Cash generated from operations			153,088	58,728
Net cash provided by operating activities			153,088	58,728
Cash flows from Investing	activities
Interest received
Net cash provided by investing activities
Change in cash and cash	equivalents
in the reporting period Cash and cash equivalents	atthe		153,089	58,728
beginning ofthe reporting	period		83,573	4,845
Cash and cash equivalents	at the end
ofthe reporting period			216,662	63,573

FOR THE YEAR ENDED 31AUGUST 202	0	0
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM	OPERATING ACTIVITIES
	2020	2019
Net income forthe reporting period (as per the Statement of Financial Activities} Adjustments for:	8 141,511
Depreciation charges Interest received Decrease/(increase) in debtors (Decrease)fincrease in creditors	98 (1) 72,159 (60,679)	427 (48,466) 62,125
Net cash provided by operations	153,088	58,728


2.	DONATIONS	AND LEGACIES
						2020	2019
						F
	Contributions Other income					543,304 106,297	613,847 143,236
						649,601	757,083
3.	INVESTMENT	INCOME
						2020	2019
	Deposit account interest					1
4.	INCOME FROM CHARITABLE ACTIVITIES
			Activity			2020 f	2019
	Grants		Charitable	activities		982,156	691,075
	Grants received, included		in the above,	are as follows:
						2020	2019
	CITBGrant
	YRP Grant TFF Funding Other Grants					330,704 100,427 551,025	475,885 98,790 20,000 96,400
						982,156	691,075
6.	CHARITABLE	ACTIVITIES COSTS
						Support
					Direct	costs (see
					Costs	note 6)	Totals
	Charitable activities				F 'I,037,012	453,235	6 1,490,247
6.	SUPPORT COSTS
						Human
				Management	Finance	resources	Totals
	Charitable activities			6 442,845	6 8,962	5 1,428	E 453,235

STAFF COSTS
					2020 f	2019 F
Wages and salaries					1,290,618	1,263,393
Other pension costs					36,898	11,542
					1,327,516	1,274,935
The average monthly	number of	employees		during the year was as follows:
					2020	2019
Employees					113	111
No employees received emoluments			in excess of660,000.
COMPARATIVES FORTHE STATEMENT				OF FINANCIAL ACTIVITIES
						Unrestricted
						funds
INCOME AND ENDOWMENTS		FROM
Donations and legacies						757,083
Charttable activities
Charitable activities						691,075
Total						1,448,158
EXPENDITURE ON
Charitable activities
Charitable activities						1,403,516
NET INCOME

		NOT	NOT	ES TO THE FINANCIAL STATEMENTS -continued FORTHE YEARENDED 31AUGUST 2020	ES TO THE FINANCIAL STATEMENTS -continued FORTHE YEARENDED 31AUGUST 2020
10.	COhllPARATIVES	FOR		THE STATEMENT OF FINANCIAL ACTIVITIES -continued
						Unrestricted
						funds
						F
	RECONCILIATION		OF	FUNDS
	Total funds brought		forward			91,003
	TOTAL FUNDS CARRIED FORWARD					135,645
11.	TANGIBLE FIXEDASSETS
						Computer
						equipment
	COST
	At 1 September 2019and
	31August2020					5,293
	DEPRECIATION
	At 1 September 2019					5,195
	Charge foryear					98
	At 31August 2020					5,293
	NET BOOK VALUE
	At31August 2020
	At 31August 2019
12.	DEBTORS:AMOUNTS			FALLING DUE WITHIN ONE YEAR
					2020	2019
						8
	Other debtors				92,786	164,945
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					2020	2019
					6
	Trade creditors				690	840
	Social security and Other creditors Accrued expenses	other		taxes	5,112 10,580 15,910	6,740 70,437 14,954
					32,292	92,971

MOVEMEN	T IN FUNDS
			Net
			movement	At
		At 1.9.19	in funds	31.8.20
Unrestricted	funds
General fund Designated closure costs		95,645 40,000	141,511	237,156 40,000
		135,645	141,511	277,156
TOTAL FUNDS		135,645	141,511	277,156

Net movemen	t in funds, indud	ed in the above are	asfollows;
			Incoming	Resources	Movement
			resoumes	expended	in funds
				F	6
Unrestricted	funds
General fund			1,631,758	(1,490,247)	141,511
TOTALFUNDS			1,631,758	(1,490,247)	141,511
Comparwdves	for movement	in funds
				Net
				movement	At
			At 1.9,18	in funds	31.8.19
Unrestricted	funds
General fund Designated closure costs			51,003 40,000		95,645 40,000
			91,003		135,645
TOTAL FUNDS			91,003		135,645

Comparative net movement in funds, inc	luded in the above are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
Un ssbicted funds		6	F
General fund	1,448,158	(1,403,516)	44,642
TOTAL FUNDS	1,448,158	(1,403,516)

Acurrent ye	ar 12months and prior year 12	months combined position isas	follows:
			Net
			movement	At
		At 1.9.18	in funds	31.8.20
Unnmtrtcted	funds	8	8	8
General fund Designated closure costs		51,003 40,000	186,153	237,156 40,000
		91,003	186,153	277,156
TOTALFUNDS		91,003	186,153	277,156

above are as	y follows:	ne move	ment in funds,	ncluded in
		Incoming	Resources	Movement
		resources	expended	in funds
		5
Unrestricted	funds
General fund		3,079,916	(2,893,763)	186,153
TOTAL FUNDS		3,079,916	(2,893,763)	186,153

Designated closure cos	ts are made up as follows:
		F
I oan repayments Redundancy allowance Other debtor allowances Total	for staff	10,000 20,000 10000 40000

CYFLE BUILDING SKILLSLTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31AUGUST 2020
	2020	2019
	F
INCOME AND ENDOWMENTS
Donations and legacies
Contributions Other income	543,304 106,297	613,847 143,236
	649,601	757,083
Investment Income
DepoMt account interest
Charihrble activities
Grants	982,156	691,075
Total incoming resources	1,631,758	1,448,158
EXPENDITURE
Charitable activities
Apprentice wages Work experience Apprentice equipment Apprentice travel Apprentice training	946,143 18,417 9,087 40,707 22,658	1,025,663 12,016 52,450 3,036
	1,037,012	1,093,165
Support ctmts
Management
Wages Pensions insurance Travelling Telephone Office expenses Meeting and events Sundries Counsellor Donations Computer depreciation	344,475 36,898 3,138 14,967 4,064 14,544 2,400 860 9,341 12,060 98	237,730 11,542 3,134 20,751 3,426 8,916 5,229 246 8,280 1,760 427
	442,845	301,441
Finance
Consultancy Accountancy Bank charges	2,600 6,188 174	1,109 5,174 179
	8,962	6,462
Human resoumes
HR support	1,428	2,448