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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|
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||||FOR THE|YEAR ENDED 31AUGU|
ST 2020||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||Unrestricted|Total|
|INCOME AND ENDOWMENTS|||FROM|Notes|funds
f|funds
E|
|Donations|and legacies||||649,601|757,083|
|Charitable|activities||||||
|Charitable|activities||||||
||||||982,156|691,075|
|Investment|income||||||
|Total|||||||
||||||1,631,758|1,448,158|
|EXPENDITURE ON|||||||
|Chartbtble|activities||||||
|Charitable|activities||||1,490,247|1,403,516|
|NET INCOME|||||||
||||||141,511|44,642|
|RECONCILIATION||OF FUNDS|||||
|Total funds brought||foreword|||135,645|91,003|
|TOTAL FUNDS CARRIED FORWARD|||||277,156|135,645|
##
|||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|
##
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||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|
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|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|
##
||Al 1.9.19|Cash fiow|At31.8.20|
|---|---|---|---|
|Net cash||8||
|Cash at bank|63,573|153,089|216,662|
||63,573|153,089|216,662|
|Total|63,573|153,089|216,662|
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|||||||||
|---|---|---|---|---|---|---|---|
|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|
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|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|
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|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)||
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|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|
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|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|
|2020|2019|
|---|---|
||9|
|1,490,247|1,403,516|
|141,511||