2021-03-31-accounts

			Page
Reference and administrative		details ofthe charity, its Trustees and advisers
Trustees' report			2-12
Independent auditors'	report	on the financial statements	13 - 16
Statement offinancial	activities		17
Balance sheet			18-19
Statement ofcash flows			20
Notes to the financial	statements		21-43

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Note	2021 f	2021 6	2021 6	2020 5
Income from:
Donations and legacies		4		100,000	100,000
Charitable activities		5	4,366,766		4,366,766	7,554,883
Investments		6	27,930		27,930	32,189
Other income		7	311,406		311,406	20,387
Total income			4,706,102	100,000	4,806,102	7,717,459
Expenditure on:
Charitable activities		8	3,987,612	76,348	4,063,960	7,435,856
Total expenditure			3,987,612	76,34&	4,063,960	7,435,855
Net movement in	funds before other
recognised gains/(losses)			718,490	23,652	742,142	281,593
Other recognised	gains/(losses):
Defined benefit pension scheme			(1,192,000)		(1,192,000)	(397,000)
Net movement in	funds		(473,510)	23,652	(449,858)	(115,407)
Reconciliation of	funds:
Total funds brought	forward		(1,926,275)		(1,926,275)	(1,810,858)
Net movement in funds			(473,510)	23,652	(449,858)	(115,407)
Total funds carried forward			(2,399,785)	23,652	(2,376,133)	(1,925,275)

							2021		2020
					Note		6		6
Fixed assets
Tangible assets					13		454,380		485,537
Investment property					14		350,000		350,000
							804,380		835,537
Current assets
Debtors					15	473,536		1,061,581
Cash at bank and	in hand					1,060,397		964,074
						1,533,933		2,025,655
Creditors: amounts	falling due within one
year					16	(863,878)		(1,791,567)
Net current assets							670,055		234,088
Total assets less	current liabilities						1,474,435		1,069,625
Creditors: amounts	falling due aRer more
than one year					18		(218,568)		(248,056)
Provisions for liabilities									(54,844)
Net assets excluding		pension		liability			1,255,867		766,725
Defined benefit pension		scheme		liability	25		(3,632,0001		(2,693,000)
Total net assets							(2,376,133)		(1,926,275)
Charity funds
Unrestricted funds
Unrestricted funds	excluding		pension asset		20	1,232,215		766,725
Pension reserve					20	(3,632,000)		(2,693,000)
Total unrestricted	funds				20		(2,399,785)		(1,926,275)
Total funds							(2,376,133)		(1,926,275)

		FOR TH	E YEAR ENDED 31 MARCH 202	1
				2021	2020
				6	5
Cash flows from operating		activities
Net cash used in operating	activities			124,544	101,186
Cash flows from investing		activities
Proceeds from the sale oftangible fixed assets					(34,661)
Purchase of intangible assets				(2,293)
Net cash used in investing		activities		(2,293)	(34,661)
Cash flows from financing		activities
Repayments of borrowing				(25,928)	(22,462)
Net cash used in financing		activities		(25,928)	(22,462)
Change in cash and cash	equivalents in		the year	96,323	44,063
Cash and cash equivalents	at the beginning		ofthe year	964,074	920,011
Cash and cash equivalents		at the end of	the year	1,060,397	964,074
The notes on pages 21 to 43		form part ofthese financial statements

					Restricted	Total	Total
					funds	funds	funds
					2021	2021	2020
					5		5
Donations					100,000	100,000
Income from charitable			activities
						Unrestricted	Total
						funds	funds
						2021f	2021 5
CIAG (Cumbdia		County Council)				1,044,544	1,044,544
NCS 2020	(NCS Trust)					1,258,815	1,258,815
National careers		service	(ESFA)			553,512	553,512
Enterprise	adviser network			(CEC/Lance LEP)		527,220	527,220
The Key (ESFA)						639,708	839,708
NCS 2019	(NCS Trust)					121,223	121,223
Other contracts		(Various)				221,744	221,744
Total 2021						4,366,766	4,366,766

				Unrestricted	Total
				funds	funds
				2020f	2020
CIAG (Cumbria		County Council)		1,175,112	1,175,112
NCS 2019	(NCS Trust)			1,751,292	1,751,292
National Careers		service (ESFA)		404,528	404,528
Enterprise	adviser network		(CEC/Lance LEP)	469,070	459,070
The Key (ESFA)				1,253,798	1,253,798
NCS 2018	(NCS Trust)			2,265,773	2,255,773
Other contracts		(various)		345,310	345,310
Total 2020				7,654,883	7,664,883

		Unrestricted	Total
		funds	funds
		2021	2021
		F	6
Investment	income	27,930	27,930
		Unrestricted	Total
		funds	funds
		2020 5	2020f
Investment	income	32,189	32,189
Other incoming resources
		Unrestricted	Total
		funds	funds
		2021	2021
		6
Other income		311,120	311,120
Interest receivable		286	286
		311,406	311,406
		Unrestricted	Total
		funds	funds
		2020f	2020 9
Other income		15,735	15,735
Interest receivable		4,552	4,852
		20,387	20,387

						Unrestricted	Restricted	Total
						funds	funds	funds
						2021	2021	2021
						6
	Programme	costs and activities				3,987,612	76,348	4,063,960
							Unrestricted	Total
							funds	funds
							2020f	2020 Z
	Programme	costs and activities					7,435,866	7,435,866
	Summary	by expenditure	type
								Total
				Staff costs		Depreciation	Other costs	funds
					2021 6	2021 6	2021 f	2021 6
	Programme	costs and activities		2,940,364		33,449	1,090,147	4,063,960
								Total
				Staffcosts		Depreciation	Other costs	funds
					2020 f	2020 f	2020 f	2020
	Programme	costs and activities		3,398,653		94,634	3,942,579	7,435,866
9.	Analysis ofexpenditure		by activities

				Activities
				undertaken	Support	Total
				directly	costs	funds
				2021	2021	2021
				6	F	F
Programme	costs	and	activities	3,467,412	596,548	4,063,960

				Activities
				undertaken	Support	Total
				directly	costs	funds
				2020f	2020	2020 E
Programme	costs	and	activities	6,796,022	639,844	7,435,856

				Total
			Direct Costs	funds
			2021	2021
Net pension interest			63,000	63,000
Wages and salades			2,848,819	2,848,819
Pension cost			26,000	26,000
Subcontractor	costs		260,325	260,325
Recruitment and staff training			37,960	37,960
Travel and motor expenses			20,201	20,201
Vehicle leasing	charges		3,128	3,128
Advertising, conventions		and shows	28,634	28,634
Bank charges			1,564	1,564
Property costs			175,389	175,389
Meeting room	hire and	refreshments	2,392	2,392
			3,467,412	3,467,412

Analysis ofdirect cos	ts (continued)
			Total
		Direct Costs	funds
		2020	2020
Net pension interest		55,000	55,000
Wages and salaries		3,305,212	3,305,212
Corporation tax charge		(5,215)	(5,215)
Pension cost		28,000	28,000
Subcontractor costs		2,448,281	2,448,281
Recruitment and staff training		67,489	67,489
Travel and motor expenses		694,331	694,331
Vehicle leasing charges		2,074	2,074
Advertising, conventions	and shows	23,055	23,055
Bank charges		3,441	3,441
Property Costs		166,550	166,550
Meeting room hire and	refreshments	7,804	7,804
		6,796,022	6,796,022
Analysis ofsupport costs
		Support	Total
		Costs	funds
		2021	2021
Wages and salaries		91,545	91,545
Depreciation		33,449	33,449
Office expenses		218,893	218,893
Interest payable		7,785	7,785
Audit and accountancy	fees	9,600	9,600
Legal fees		33,108	33,108
Trade subscriptions		11,112	11,112
Sundry expenses		135,747	135,747
Irrecoverable VAT		55,309	55,309
		596,548	596,548

Analysis ofexpenditure by activities (continued) Analysis ofsupport costs (continued)
	Support	Total
	Costs	funds
	2020f	2020f
Wages and salaries	93,441	93,441
Depreciation	94,634	94,634
Office expenses	225,249	225,249
Interest payable	8,900	8,900
Audit and accountancy fees	9,325	9,325
Legal fees	21,903	21,903
Trade subscriptions	10,826	10,826
Sundry expenses	105,929	105,929
Irrecoverable VAT	69,637	69,637
	639,844	639,844

						2021f	2020f
Fees payable to the	charity's	auditor		for the audit ofthe charity's	annual
accounts						7,000	6,690
Fees payable to the	charity's	auditor		in respect of:
All non-audit services not included			above			1,980	2,560
Staffcosts
						2021f	2020f
Wages and salaries						2,582,531	2,844,545
Social security costs						219,667	235,575
Contribution to pension schemes						302,166	318,533
Gain on settlement	of Defined	Benefit Pension Scheme				(164,000)
						2,940,364	3,398,653

							2021	2021	2020
								No.	No.
Employees								110	139
The number	of employees	whose	employee	benefits	(excluding	employer	pension	costs)	exceeded
f60,000was:

2021	2020
No.	No.

		Long-term
		leasehold
		property
	Freehold	improvemen	Fixtures and	Computer
	property f	ts 6	fittings	equipment	Total 6
Cost or valuation
At 1 April 2020	473,951	213,767	75,141	695,097	1,457,956
Additions				2,293	2,293
Disposals				(383,456)	(383,456)
At 31 March 2021	473,951	213,767	75,141	313,934	1,076,793
Depreciation
At 1 April 2020	55,465	180,662	75,141	661,151	972,419
Charge for the year	10,583	5,758		17,108	33,449
On disposals				(383,455)	(383,455)
At 31 March 2021	66,048	186,420	75,141	294,804	622,413
Net book value
At 31 March 2021	407,903	27,347		19,130	454,380
At 31March 2020	418,485	33,105		33,945	485,537

	Freehold
	investment
	propertyf
Valuation
At 1 April 2020	350,000
At 31 March 2021	350,000

		2021 6	2020f
Due within one year
Trade debtors		117,493	722,666
Other debtors		333,277	312,298
Prepayments	and accrued income	22,766	26,617
		473,536	1,061,581

			2021	2020
			6
Bank loans			25,929	23,348
Trade creditors			53,063	70,091
Other taxation	and social security		107,526	119,451
Other creditors			26,111	27,416
Accruals and deferred		income	651,249	1,551,251
			863,878	1,791,557

			2021	2020
				5
Amounts	due between 1 and 5 years			54,844
			2021	2020
			F	5
Deferred	income at 1 April 2020		1,315,593	147,884
Resources deferred during the year			480,011	1,315,593
Amounts	released from previous	pediods	(1,315,593)	(147,884)
Deferred	income at 31 March 2021		480,011	1,315,593

		2021	2020
		F
Bank loans		218,568	248,055
Included within the above are amounts	falling due as follows:
		2021	2020
		6	5
Between one and two years
Bank loans		53,942	54,301
Between two and five years
Bank loans		87,914	84,981
Over five years
Bank loans		76,712	108,774

									2021	2020
										5
Potential	irrecoverable	VAT	in	respect	of	partial	exemption	case		54,844

Statement offunds - curr	ent year
					Balance at
	Balance at 1			Gains/	31 March
	April 2020f	Income f	Expenditure F	(Losses) f	2021 f
Unrestricted funds
General funds	766,725	4,528,102	(4,062,612)		1,232,215
Pension reserve	(2,693,000)	178,000	75,000	(1,192,000)	(3,632,000)
	(1,926,275)	4,706,102	(3,987,612)	(1,192,000)	(2,399,785)
Restricted funds
Barclays 100x100		100,000	(76,348)		23,652
Total offunds	(1,926,275)	4,806,102	(4,063,960)	(1,192,000)	(2,376,133)

						Balance at
		Balance at			Gainst	31March
		1April 2019f	Income f	Expenditure	(Losses)f	2020f
Unrestricted	funds
General funds		561,132	7,558,459	(7,352,866)		765,725
Pension reserve		(2,372,000)	159,000	(83,000)	(397,000)	(2,693,000)
		(1,810,868)	7,717,459	(7,435,866)	(397,000)	(1,926,275)

Analysis	ofn	et assets		between funds - current year
					Unrestricted	Restricted	Total
					funds	funds	funds
					2021	2021	2021
					F	6	6
Tangible fixed		assets			454,380		454,380
Investment	property				350,000		350,000
Current assets					1,510,281	23,652	1,533,933
Creditors	due within one			year	(863,878)		(863,878)
Creditors	due	in more than one year			(218,568)		(218,568)
Provisions	for	liabilities	and charges		(3,632,000)		(3,632,000)
Total					(2,399,785)	23,652	(2,376,133)
Analysis	ofnet assets			between funds - prior year
						Restated
						unrestricted	Total
						funds	funds
						2020	2020
						5	5
Tangible fixed		assets				485,537	485,537
Investment	property					350,000	350,000
Current assets						2,025,655	2,025,555
Creditors	due within one			year		(1,791,567)	(1,791,567)
Creditors	due	in more than one year				(248,056)	(248,055)
Provisions	for	liabilities	and charges			(2,747,844)	(2,747,844)
Total						(1,926,275)	(1,926,275)

				2021f	2020
Net income for the	year (as per Statement		ofFinancial Activities)	?42,142	281,593
Adjustments for:
Depreciation charges				33,449	94,634
Defined benefit pension scheme		costs		(231,000)	(76,000)
Movement in tax					(6,760)
(Increase)/Decrease	in debtors			588,045	(155,230)
Increase/(Decrease)	in creditors			(953,248)	64,105
Provision for Irrecoverable VAT				(54,844)	(101,156)
Net cash provided	by operating	activities		124,544	101,185

Principal actuarial assumptions at the Balance sheet date (expres	sed as weighted averages)	:
	At 31 March	At31March
	2021	2020
		90
Discount rate	2.2	2.4
Future salary increases	1	0.1
Future pension increases	2.5	1.6
	At 31 March	At 31March
	2021	2020
	Years	Years
Mortality rates (in years)
-for a male aged 65 now	20.1	20
-at 65for a male aged 45 now	21	21.1
-for a female aged 65 now	22.9	22.8
-at 65for a female aged 45 now	24.5	24.4
The charity's share ofthe assets in the scheme was:
	At 31 March	At31March
	2021 f	2020 f
Equities	22,134,960	18,613,440
Debt instruments	3,689,160	4,046,400
Property	2,152,010	1,888,320
Cash and other liquid assets	2,766,870	2,427,840
Total fair value ofassets	30,743,000	26,978,000

The amounts rec	ognised in the Statement	off	inancial acti	vities	are as follows:
						2021f	2020f
Current service cost						(26,000)	(28,000)
Interest income						641,000	706,000
Interest cost						(704,000)	(751,000)
Benefit changes,	gain/(loss) on curtailment	and gain/(loss)		on settlement		175,000
Total amount recognised in the Statement offinancial				activities		86,000	(83,000)
Movements in the present value ofthe defined			benefit obligation		were as follows:
							2021f
Opening defined	benefit obligation						29,669,000
Interest cost							704,000
Contributions by	scheme participants						10,000
Benefits paid							(667,000)
Current service cost							26,000
Actuarial gains							6,490,000
Liabilities extinguished on settlements							(1,857,000)
Closing defined	benefit obligation						34,375,000
Movements in the fair value ofthe charity's		share ofscheme assets were as follows:
							2021f
Opening fair value ofscheme assets							26,976,000
Expected return	on assets						641,000
Assets distdibuted	on settlements						(1,693,000)
Contributions by	scheme participants						10,000
Employer contributions							178,000
Benefits paid							(667,000)
Actuarial gains							5,298,000
Closing fair value ofscheme assets							30,743,000

			2021	2020
			6
Not later than		1 year		59,650
Later than	1 year and not later than 5years			21,333
				80,983

2021	2020
6	5
	52,000