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##
|||||2021|2020|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||funds|funds|
||||Notes||E|
|INCOME AND ENDOWMENTS||FROM||||
|Charitable|activities|||||
|Membership||||1,356,714|1,077,693|
|Other||||352,106|206,255|
|Investment|income|||306,337|302,068|
|Total||||2g015~157|1586016|
|EXPENDITURE ON||||||
|Charitable|activities|||||
|Membership||||2,100,008|2,457,435|
|Other||||492,865|496,031|
|Total||||2,592,873|2,953,466|
|Net gains on investments||||1,781,743|210,982|
|NET INCOME/(EXPENDITURE)||||1,204,027|(1,156,468)|
|RECONCILIATION
OF FUNDS||||||
|Total funds|brought forward|||12,217,455|13,373,923|
|TOTAL FUNDS CARRIED FORWARD||||13,421,482|12,217,455|
##
##
##
||||2021|2020|
|---|---|---|---|---|
||||Unrestricted|Total|
|||Notes|funds
E|fundsf|
|FIXEDASSETS|||||
|Intangible
assets||10|423,690|630,518|
|Tangible assets||11|Sp808|10,702|
|Investments||12|11,568,488|9,886,645|
||||11,995,966|10,527,865|
|CURRENT ASSETS|||||
|Debtors: amounts|falling due within one year|13|705,078|644,209|
|Debtors: amounts|falling due after more than one year|13|1,500,000|2,000,000|
|Cash at bank|||489,537|144,418|
||||2,694,615|2,788,627|
|CREDITORS|||||
|Amounts
falling due within one year||14|(1,269,119)|(1,099,037)|
|NET CURRENT ASSETS|||1,425,496|1,689,590|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||13321,482|12,217,455|
|NET ASSETS|||13,421,482|12,217,455|
|FUNDS||16|||
|Unrestricted
funds:|||||
|General fund|||13,421,482|12,217,455|
|TOTAL FUNDS|||13,421,482|12,217,455|
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Notes|E|E|
|Cash flows from operating|activities|||||||
|Cash generated
from operations||||||279,571|(394,690)|
|Net cash provided
by/(used|in) operating||activities|||279,571|(394,690)|
|Cash flows from investing|activities|||||||
|Purchase ofintangible
fixed assets||||||(33,215)|(39,615)|
|Purchase oftangible fixed|assets|||||(1,137)|(1,780)|
|Purchase offixed asset investments||||||(100)||
|Sale offixed asset investments||||||100,000|350,000|
|Net cash provided
by investing
activities||||||65p548|308,605|
|Change in cash and cash equivalents||In the||||||
|reporting
period||||||345,119|(86,085)|
|Cash and cash equivalents|atthe beginning|||ofthe||||
|reporting
period||||||144,418|230,503|
|Cash and cash equivalents|atthe end|of|the|||||
|reporting
period||||||489,537|144,418|
##
|RECONCILIATION
OF NET INCOME/(EXPENDITURE)|RECONCILIATION
OF NET INCOME/(EXPENDITURE)|RECONCILIATION
OF NET INCOME/(EXPENDITURE)|TO NET CASH FLOW FROM OPERATING|ACTIVITIES||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|E|
|Net income/(expenditure)|for the reporting|period|(as per the Statement of|||
|Financial Activities)||||1,204,027|(1,156,468)|
|Adjustments
for:||||||
|Depreciation
charges||||248~4|236,238|
|Gain on investments||||(1,781,743)|(210,982)|
|Decrease in debtors||||439,131|511,637|
|Increase
in creditors||||170,082|224,88S|
|Net cash provided
by/(used|In) operations|||279rl71|(394,690)|
|ANALYSIS OF CHANGES IN|NET FUNDS|||||
||||At 1.9.20|Cash flow|At31.8.21|
|||||E|E|
|Net cash||||||
|Cash at bank|||144,418|345,119|489,537|
||||144~18|345,119|489~|
|Total|||144/I18|345,119|489,537|
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||f|f|
|Interest on||deposits|||36|681|
|Dividends|received||||306,301|301,3&7|
||||||306,337|302,06&|
|INCOME|FROM CHARITABLE ACTIVITIES||||||
||||||2021|2020|
||||||Total|Total|
||||Membership|Other|activities|activities|
||||f|f|f|f|
|Individual|membership||1,094,954||1,094,954|993,9&0|
|Commercial||membership|261,760||261,760|83,713|
|Commercial||income||345,045|345,045|189,739|
|Other income||||7,061|7,061|16,516|
||||1,356,714|352,106|1,708,820|1~,948|
|CHARITABLE ACTIVITIES COSTS|||||||
||||||Support||
|||||Direct|costs (see||
|||||Costs
f|note 5)
f|Totals
f|
|Membership||||1,585,326|514,682|2,100,008|
|Other||||14,188|47' 677|492,865|
|||||1,599,514|993,359|2492,873|
|SUPPORT|COSTS||||||
||||||Governance||
|||||Other
f|costsf|Totals
f|
|Membershi|p|||505,982|8,700|514,682|
|Other||||47&,677||478,677|
|||||984,659|8,700|993p359|
##
##
||||2021|2020|
|---|---|---|---|---|
||||E|E|
|Auditors'|remuneration||6,900|6,600|
|Depreciation||-owned assets|8,031|12,275|
|Trademark||amortisation|788|380|
|Computer|software amortisation||239,255|223,582|
##
##
##
|STAFFCOSTS|||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|E|
|Wages and salaries|||||1,292,818|1,175,631|
|Social security costs|||||126,347|117,934|
|Other pension costs|||||102,295|76,288|
||||||1&521~|1,369,853|
|Included above are also redundancy|||costs ofE91,941(2020:fnil).||||
|The average
monthly|number ofemployees|||during the year was as follows:|||
||||||2021|2020|
|Membership|||||29|28|
|The number ofemployees||whose employee||benefits (excluding employer|pension costs) exceeded E60,000was:||
||||||2021|2020|
|E60,001 - E70,000|||||4|4|
|E70,001 —E80,000||||||1|
|E80,001 - E90,000|||||||
|E90,001 —E100,000|||||||
|E100,001 - F110,000|||||||
##
##
|COMPARATIVES FOR THE STA|TEMENT OF FINANCIAL ACTIVITIES||
|---|---|---|
|||Unrestricted|
|||funds|
|||6|
|INCOME AND ENDOWMENTS|FROM||
|Charitable
activities|||
|Membership||1,077,693|
|Other||206,255|
|Investment
income||302,068|
|Total||1,586,016|
|EXPENDITURE ON|||
|Charitable
activities|||
|Membership||2,457,435|
|Other||496,031|
|Total||2,953,466|
|Net gains on investments||210,982|
|NET INCOME/(EXPENDITURE)||(1,156,468)|
|RECONCILIATION
OF FUNDS|||
|Total funds brought forward||13,373,923|
|TOTAL FUNDS CARRIED FORWARD||12,217,455|
##
##
|INTANGIBLE FIXEDASSETS||||
|---|---|---|---|
|||Computer||
||Trademark|software|Totals|
||E|f|E|
|COST||||
|At 1September 2020|1,900|1,138,615|1,140,515|
|Additions|3,490|29,725|33,215|
|At 31August 2021|5,390|1p168p340|1,173,730|
|AMORTISATION||||
|At 1September 2020|443|509,554|509,997|
|Charge foryear|788|239,255|240,043|
|At 31August 2021|1.231|748,809|750,040|
|NET BOOK VALUE||||
|At 31August 2021|4,159|419,531|423,690|
|At 31August 2020|1,457|629,061|630,518|
|TANGIBLE FIXEDASSETS||||
||Fixtures|||
||and|Computer||
||fittings
f|equipment
E|Totals
f|
|COST||||
|At 1September 2020|18,048|56,476|74,524|
|Additions||1,137|1,137|
|At 31August 2021|18,048|57,613|75,661|
|DEPRECIATION||||
|At 1September 2020|16,138|47,684|63,822|
|Charge for year|1,910|6,121|8,031|
|At31August 2021|18,048|53,805|71,853|
|NET BOOK VALUE||||
|At 31August 2021|||Sg08|
|At 31August 2020|1,910|8,792|10,702|
##
##
|FIXEDASSET INV|ESTMENTS||||||||
|---|---|---|---|---|---|---|---|---|
|||||Shares|in||||
|||||gr'oup||Listed|||
|||||undertakings||investments||Totals|
|||||E||E||E|
|MARKET VALUE|||||||||
|At 1September 2020||||||9,886,645||9,886,645|
|Additions||||100||||100|
|Disposals||||||(100,000)||(100,000)|
|Revaluations||||||1,781,743||1,781,743|
|At 31August 2021||||100||11,568,388||11,568,488|
|NET BOOKVALUE|||||||||
|At31August 2021||||100||11,568,388||11,568,488|
|At31August 2020||||||9886|645|9886645|
|Listed investments|at31August 2021were||made up as follows:||||||
|Category||||||2021(%)||2020 ('3()|
|UK and Overseas|Equities||||||77.69|71.59|
|Private
Equity and|Other||||||2,32|1.94|
|Infrastructure
and|Operating|Assets|||||8.24|8.50|
|Property|||||||3.80|4.34|
|Contractual
and Other Income|||||||2.48|3.32|
|Fixed Interest|||||||0.00|0.47|
|Cash and Near Cash|||||||5.47|9.84|
|Total|||||||100.00|100.00|
|The company's
investments||atthe balance sheet date in the share capital ofcompanies|||include|the following:|||
|Leaderskills
Limited|||||||||
|Registered
office:|Pacific House, Relay Point, Wilnecote, Tamworth,|||8775PA|||||
|Class ofshare|||holding||||||
|Ordinary|||100||||||
||||||||2021|2020|
|||||||E||E|
|Aggregate
capital|and reserves||||||100||
##
##
##
##
|DEBTORS||||
|---|---|---|---|
|||2021|2020|
|||E|f|
|Amounts
falling due within one year:||||
|Trade debtors||152,043|84,657|
|Other debtors||500,000|500,000|
|Prepayments||53,035|59,552|
|||705,078|644,209|
|Amounts
falling due after more than one year:||||
|Otherdebtors||1,500,000|2,000,000|
|Aggregate
amounts||2,205,078|2,644,209|
|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|||2021|2020|
||||E|
|Trade creditors||67,627|65,810|
|Amounts
owed to group|undertakings|100||
|Other creditors||159,388|39,423|
|Deferred income||823,456|641,694|
|Accrued expenses||218,548|352,110|
|||1,269,119|1,099,037|
##
||||2021|2020|
|---|---|---|---|---|
||||E|E|
|Balance|at 1September||641,694|521,835|
|Amount|released|to incoming resources|(641,694)|(521,835)|
|Amount|deferred|in the year|823,456|641,694|
|Balance|at31August||823456|641,694|
##
##
||2021|2020|
|---|---|---|
||E|E|
|Within one year|24,925|25,630|
|Between one and five years|4,115|28,962|
||29,040|54,592|
##
##
|||||||Net||
|---|---|---|---|---|---|---|---|
|||||||movement|At|
||||||At 1.9.20|in funds|31.8.21|
||||||f|E|E|
|Unrestricted|funds|||||||
|General fund|||||12,217,455|1,204,027|13,421,482|
|TOTAL FUNDS|||||12~217p455|1204027|13y421g482|
|Net movement||in funds, included|in the above are as follows:|||||
||||Incoming||Resources|Gains and|Movement|
||||resources||expended|losses|in funds|
|||||E|E|E|E|
|Unrestricted|funds|||||||
|General fund|||2,015,157||(2,592,873)|1,781,743|1,204,027|
|TOTAL FUNDS|||2|015p157|(2p592p873)|1~781v743|1204 027|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.9.19|in funds|31.8.20|
|||E|E|E|
|Unrestricted|funds||||
|General fund||13,373,923|(1,156,468)|12,217,455|
|TOTALFUNDS||13,373,923|(1,156,468)|12,217,455|
##
||||Incoming|Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|
||||resources||expended|losses|in funds|
|||||E|E|E|E|
|Unrestricted|funds|||||||
|General fund|||1,586,016||(2,953,466)|210,982|(1,156,468 )|
|TOTAL FUNDS|||1,586,016||(2,953,466)|210,982|(1,156,468)|
|A current year 12 months||and prior year 12months|combined|position|is as follows:|||
|||||||Net||
|||||||movement|At|
||||||At 1.9.19|in funds|31.8.21|
||||||E|E|E|
|Unrestricted|funds|||||||
|General fund|||||13,373,923|47,559|13,421,482|
|TOTALFUNDS|||||13,373,923|47,559|13,421,482|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources
f|expended
E|losses
E|in funds
E|
|Unrestricted|funds|||||
|General fund||3,601,173|(5,546,339)|1,992,725|47,559|
|TOTAL FUNDS||3,601,173|(5,546,339)|1,992,725|47,559|
##
##
##
##