2023-07-31-accounts - Skills For Independence And Employability Ltd

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		Unrestricted	Funds	Restricted	Funds		Total	Funds
			As restated		As restated			As restated
	Note	31/07/23	31/07/22	31/07/23	31/07/22	31/07/23		31/07/22
		f		5					8
Income from:
Donations and legacies		65,149	43,113	11S,041	151,490		183,190		194,603
Charitable activities		3,082,928	2,225,614			3,082,928		2,225,614
Other trading activities		34,255	14,786				34,255		14786
Total		3 182332	2283513	118,041	151490	3	00 73	2	435003
Expenditure on:
Raising funds	5	34,169	23,971				34,169		23,971
Charitable activities	6,7	2465325	1,851,763	69437	139,453	2	534762	1.991216
Total		2 499494	1,875,734	69,437	139,453	2	6 31	2	015,187
Net
income/(expenditure)		682,838	407,779	48,604	12,037		731,442		419,816
Transfers between funds	19	4,661	48,114	(4,661)	(48,114)
Nct move&nant in funds		687,499	455,893	43,943	(36,077)		731,442		419,816
Reconciliation offunds:
Total funds brought
forward		1&685,617	1,229,724	108&969	145,046	1&794,586		1,374,770
Total funds carried forward		2373,116	1 685 617	152912	108,969	2826,028		1,794586

		Unrestricted	Funds	Restricted	Funds	Total	Funda
	Note	31/07/23	31/07/22	31/07/23	31/07/22	31/07/23	31/07/22
					5	5
FIXEDASSETS
Tangible assets	12	I298405	I433485			1&298&405	I 433485
CURRENT ASSETS
Debtors	13	45,815	31,918			45&815	31,918
Cash at bank and in hand		1524,181	963,648	152,912	108969	I677093	I 072,617
		1,569,996	995,566	152,912	108,969	1,722,908	1,104,535
CREDITORS
Amounts falling due within one
year	14	423 054	392774			423 054	392,774
NET CURRENT ASSETS		1,146,942	602,792	152,912	108,969	1,299,854	711,761
TOTAL ASSETSLESS
CURRENT LIABILITIES		2,445,347	2,036,277	152&912	108,969	2,598&259	2,145,246
CREDITORS
Amounts falling due afier more
than one year	15	(72,231)	(350,660)	-	—	(72,231)	(350,660)
NET ASSETS		2,373,116	I 685 617	152912	108,969	2,526,028	1,794,586
FUNDS	18
Unrestricted funds		2,373,116	1,685,617			2,373,116	1,685,617
Restricted funds				152912	108.969	152912	108,969
TOTAL FUNDS		2 373116	1685,617	152912	108 69	2,526 028	1,794,586

					Year Ended	YearEnded
					31.7.23	31.7.22
				Notes		5
Cash flows from operating		activities
Cash generated fmm operations				20	975,111	610,144
Interest paid Interest element ofhire purchase payments paid					~33,353)	(259) ~46379)
ptet cash pmvided by operating activities					941,758	~563506
Cash flows from investing		activities
Purchase oftangible fixed	assets				(5$,853)	(960,751)
Interest received						3,154
Piet cash used in investing	activities				~5IIll53	~957,597)
Cash flows from financing		activities
Capital repayineuts in year					~278,429)	562,022
Net cash (used in)/provided		by financing		activities	~278,429)	~562022
Change in cash and cash equivalents			in
the reporting period					604,476	167,93l
Cash and cash equivalents		at the
beginning ofthe reporting		period			1,072,617	904,686
Cash and cash equivalents		at the end	of
the reporting period					1,677,093	1,072,617

	Unrestricted	Funds	Restricted	Funds	Total	Funds
		As restated		As restated		As	restated
	31/07/2023	31/07/2022	31/07/2023	31/07/2022	31/07/2023	31/07/2022
			8
Donations	4,684	3,095	5,784	22,652	10,468		25,747
Other government
grants	60,465	40,018	20&032	94,519	80,497		134,537
Other grants			92,225	34,319	92225		34319
Total	65,149	43,113	118042	151490	183,190		194603

		Unrestricted	Funds	Restricted	Funds	Total	Funds
		As restated			As restated		As restated
		31/07/2023	31/07/2022	31/07/2023	3I/07/2022	31/07/2023	31/07/2022
				f
Core	Government
gratlts		3,082,928	2,225,614			3,082,928	2,225,614
Total		3 002,928	2225614			3082928	2225,614

		Unrestricted	Unrestricted	Funds	Restricted	Funds	Total	Funds
			As restated			As restated		As restated
		31/07/2023	31/07/2022		31/07/2023	31/07/2022	31/07/2023	3I/07/2022
		f		f
Fundraising	events	12,040		1,132			12,040	1,132
Rents received		22,215		13,654			22&215	13,654
Total		34355		14,786				14,786

			Total	Funds
			31/07/2023	31/07/2022
				f
Wages	snd	salaries	34169	23 971
Total			34,169	23,971

Wages and salaries
Professional services
Learning resources
Catering costs
College trips
Total

31/07/2023	31/07/2022
1,304,006	l,001,447
11,514	17,976
8,718	7,791
6,295	5,831
39640	8,634
I 70173	1,041679

	Total	Funds
	31/07/2023	31/07/2022
	8	5
Wages and salaries	419,175	346,654
Advertising	11,352	1,831
Bank charges	771	543
Hire purchase interest	33,353	46,559
Depreciation	193,933	155,362
Sundry expenses	3,205	1,304
Postage and stationery	16,928	9,402
Other staff costs	32,042	11,997
Operating leases	153,107	149,542
Telephone	6,675	4,963
Stafftraining	12,911	6,535
Repairs and maintenance	18,073	24,258
Cleaning	58,430	38,027
Rates and water	6,965	5,131
Light snd hest	11,085	14,370
Premises rent	65,763	37,083
Insurance	28,848	21,918
Travel	27,744	20,584
Computer expenses	45,260	34,724
Governance costs:
Auditors' remuneration	8&400	7,860
Accountancy	10,569	10890
Total	1,164589	949,537

ST	AFF COSTS AND REMUNERATION OF	KEYPERSONNEL
		Year Ended	Year Ended
		31.7.23	31.7.22
Wages	and salaries	1,415@33	1,119,153
Social	security costs	127,299	98,380
Other	pension costs	214,718	154,539
		1,757,350	1,372,072

Year Eaded	Year ended
31.7.23	31.7.22
57	51

Year Ended	Year ended
31.7.23	31.7.22
45	38

					Year ended	Year ended
					31/07/2023	3I/07/2022
Depreciation					193,933	155,362
Auditors'	remuneration	for audit services			8,400	7,860
Auditors'	remuneration	for non-audit	services		10,569	10,890
Operating	lease rentals				153,107	149,542
TANGIBLE FIXED		ASSETS
				Improvements
				to	College
				property	equipment f	Totals
COST
At l August 2022				1,562,350	106,693	1,669,043
Additions				47,005	11,848	~58853
At 31July	2023			1~609 55	118,541	1~727896
DEPRECIATION
At I August 2022				194,657	40„t/01	235,558
Charge for year				~168915	25,018	~193933
At 31 July	2023			363,572	65,919	~429491
NET BOOKVALUE
At 31July	2023			1~245783	~52 622	1~298405
At 31July	2022			1~367693	65,792	1~433,485

		2023	2022
			5
Improvements	to property	748,268	851,823
College equipment		2,072	~2695
		7~50 0	854,518

13	DEBTORS:A	MOUNTS	FALLING DU	E W	ITHIN ONE YEAR
					2023	2022
						5
	Trade debtors				1&910	7,966
	Other debtors				500	3,750
	Prepayments and accrued		income		43,405	20,202
					~45 815	~31 918
14.	CREDITORS: AMOUNTS FALLING			DUE	WITHIN ONE YEAR
					2023	2022
					5	f
	Hire purchase (see note 16)				278,429	297,361
	Trade creditors				17,021	33,260
	Social security and other		taxes		125	82
	Other creditors				9,546	8,388
	Accruals and deferred income				117,933	53,683
					~423 054	~392 774
15.	CREDITORS: AMOUNTS FALLING			DUE	AFTER MORE THAN ONE YEAR
					2023	2022
	Hire purchase	(see note	16)		72,231	350,660
16.	LEASING AGREEMENTS
	Minimum lease	payments	under hire purchase		fall due as follows:
					2023	2022
					5	6
	Net obligations	repayable:
	Within one year				278,429	297,361
	Between one and five years				72,231	350,660
					~350660	648,021
17.	OPERATING	LEASE
	Minimum lease	payments	under operating	leases fall due as follows:
					2023	2022
	Net obligations	repayable:
	Within one year				161,924	217,966
	Between one and five years				128,671	304,350
					290,595	522,316

MOVEMENT	IN FUNDS
						Net
						movement	At
				At 1.8.22		in funds	31.7.23
				f
Unrestricted funds
General fund				1,685,617		6$7,499	2,373,116
Restricted funds
Restricted fund				108,969		43,943	152,912
TOTAL FUNDS				1~794	6	~731 442	2~526028
Net movement	in funds, included		in the above are as follows:
				Incoming		Resources	Movement
				resources		expended	in funds
						Itransfers
Unrestricted funds
General fund				3,182,332		(2,494,833)	687,499
Restricted funds
Restricted fund				118,041		(74,098)	43&943
TOTAL FUNDS				», »3»		~2N»I	»&,442
Compsratives for movement		in funds
						Net
						movement	At
				At 1.$.21		in funds	31.7.22
							f,
Unrestricted funds
General fund				1,229,724		455,893	1,685,617
Restricted funds
Restricted fund				145,046		(36&077)	108,969
TOTAL FUNDS				1,374,770		419,816	1,794,586

Comparative net movement in funds, includ	ed in the above are as follows:
	Incoming	Resources	Movement
	resources f	expended	in funds
Unrestricted funds
General fund	2,283,513	(1,827,620)	455,893
Restricted funds
Restricted fund	151,490	(187,567)	(36,077)
TOTALFUNDS	3433993	~933187	419816

		Movement	in funds
	Balance atI	Incoming	Resources	Transfers	Balance at 31
	August 2022	resources	expended		July 2023
					8
Colyer Ferguson	2,180	44,500	(5,659)		41,021
Free school meals	10,558	3,352	(3,326)		10,584
KCC (Building	24,762		(22,188)	(2,492)	82
improvements)
	5,467		(5,467)
Royal Botanical Gardens	200				200
Kent Active	500				500
Justgiving	138	3,108	(2,927)		319
Worshipful Company of	729		(251)		478
Information Technologists
The BigLottery Fund	2,282			(2,169)	113
Kent Community		1,100	(974)		126
Foundation
NINVEHEH Trust		2,500			2,500
Masonic Charitable		1,000	(97)		903
Foundation
KCCF		15,400	(5,000)		10,400
All About Modular		1,500			1,500
Donations		176			176
Tonbridge and Mailing		6,000			6,000
Borough Council
The Careers and	1,000		(823)		177
Enterprise Company
Deparunent for Work and		20,450	(20,450)
Pensions
BNYMellon		2,275	(2,275)
Department for Education	61,153	16,680			77,833
	108,969	118,041	(69,437)	(4,661)	152,912

			Year Ended	Year Ended
			31.7.23	31.7.22
			f.	6
Net income for the	reportiug period (as per the Statement ofFinaacial
Activities)			731,442	419,816
Adjustments for:
Depreciation charges			193,933	155,363
Interest received				(3,154)
Interest paid				259
Interest element ofhire purchase		and finance lease rental payments	33,353	46,379
Decrease/(Increase) Increase in creditors	in debtors		(13,897) ~30 280	(28,168) 19,649
Net cash provided	by operations		975,111	610,144

	At 1.8.22	Cash flow	At31.7.23
Net cash
Cash at bank and in hand	1,072,617	604,476	1~677,093
	1,072,617	604,476	1,677,093
Debt
Finance leases	648 021	297,361	~350,660
	64S,021	297,361	(350,660)
Total	~424 596	901,837	1~26,433