2020-08-31-accounts - Sigta Limited (Southern Industries Group Training Association)

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		Page
Report ofthe Trustees	1	to	4
Report ofthe Indepeadent Auditors	5	to	6
Statement ofFinancial Activities
Statement ofFinancial Position
Statement ofCash Flows
Notes to the Statemeat ofCash Flows		10
Notes to the Fiaancial Statemeats	11	to	17
Detailed Statement ofFinancial Activities	18	to	19

STATEMENT OF FINANCIAL POSITIO 31AUGUST 2020	N
		2020	2019
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Tangible assets	11	71,972	79,480
Investments	12	1,284	1,564
		73,256	81,044
CURRENT ASSETS
Stocks	13	1,015	919
Debtors	14	88,220	120,448
Cash at bank and in hand		476,305	393,666
		565,540	515,033
CREDITORS
Amounts falling due within one year	15	(103,022)	(78,844)
NET CURRENT ASSETS		462,518	436,189
TOTAL ASSETSLESSCURRENT
LIABILITIES		535,774	517,233
NET ASSETS		535,774	517,233
FUNDS	17
Unrestricted funds:
General fund		535,774	517,233
TOTAL FUNDS		535,774	517,233

			2020	2019
		Notes		8
Cash flows from operating	activities
Cash generated from operations			82,629	1,901
Interest paid			(921)	(1,150)
Net cash provided by operating activities			81,708	751
Cash flows from iavestiag	activities
Purchase oftangible fixed assets			(67)	(1,195)
Interest received			998	721
Net cash provided by/(used	in) investing	activities	931	(474)
Change in cash and cash equivalents		in
the reporting period			82,639	277
Cash and cash equivalents	at the
beginning oftbe reportiag	period		393,666	393,389
Cash aad cash equivalents	at the end	of
the reporting period			476,305	393,666

HE YEAR ENDED 3	HE YEAR ENDED 3	1AUGUST 2020	1AUGUST 2020
RECONCILIATION		OF NET INCOME TO NET CASH FLOW FROM		OPERATING ACTIVITIES
				2020	2019
Net income for the	reporting		period (as per the Statement ofFinancial
Activities)				18,541	12,222
Adjustments for:
Depreciation charges				7,576	9,765
Losses on investinents				279	453
Loss on disposal of	fixed assets				100
Interest received				(998)	(721)
Interest paid				921	1,150
(Increase)/decrease	in	stocks		(96)	568
Decrease/(increase)	in	debtors		32,228	(25,056)
Increase in creditors				24,178	3,420
Net cash provided	by	operations		82,629	1,901

ANALYSIS OF CHANGES IN NET FUND	S
	At 1.9.19	Cash flow	At 31.8.20
		8
Net cash
Cash at bank and in hand	393,666	82,639	476,305
	393,666	82,639	476,305
Total	393,666	82,639	476,305

SUPPORT COSTS
			Governance
			costs
Training provision			6,950
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
		2020	2019
			6
Auditors' reinuneration		5,750	5,600
Taxation compliance	services	1,200	760
Depreciation - owned	assets	7,576	10,308
Hire ofplant and machinery		1,859	1,692
Deficit on disposal offixed assets			100

STAFF COSTS
			2020	2019
Wages and salaries			188,256	180,032
Social security costs			16,390	17,351
Other pension costs			21,731	18,427
			226,377	215,810
The average monthly	nuinber ofemployees	during the year was as follows:
			2020	2019
Management &administration			5	5
Training dt sales			3	3

							Unrestricted
							fund
							8
	INCOME AND ENDOWMENTS		FROM
	Charitable activities
	Training provision						528,974
	Investment income						721
	Total						529,695
	EXPENDITURE ON
	Charitable activities
	Training provision						516,920
	Other						100
	Total						517,020
	Net gains/(losses) on investments						(453)
	NET INCOME						12,222
	RECONCILIATION	OF FUNDS
	Total funds brought	forward					505,011
	TOTAL FUNDS CARRIED FORWARD						517,233
11.	TANGIBLE FIXEDASSETS
				Freehold	Plant and	Motor
				properly	machinery	vehicles	Totals
	COST
	At 1 September 2019			82,405	331,684	39599	453,688
	Additions				68		68
	At 31August 2020			82,405	331,752	39,599	453,756
	DEPRECIATION
	At 1 September 2019			26,555	324,602	23,051	374,208
	Charge for year			1,448	1,868	4,260	7,576
	At 31August 2020			28,003	326,470	27,311	381,784
	NET BOOKVALUE
	At 31August 2020			54,402	5,282	12,288	71,972
	At 31August 2019			55,850	7,082	16,548	79,480

						Listed
						investments
	MARKET VALUE
	At 1 September		2019			1,564
	Revaluations					(280)
	At 3I August	2020				1,284
	NET BOOK	VALUE
	At 3I August	2020				1,284
	At 31August	2019				1,564
	There were no		investment	assets outside the UK.
13.	STOCKS
					2020	2019
					6
	Stocks				1,015	919
14.	DEBTORS:	AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2020	2019
	Trade debtors				12,199	35,758
	Other debtors				6,297	711
	Prepayments	and accrued		income	58,293	67,392
	Prepayments				11,431	16,587
					88,220	120,448
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					2020	2019
	Trade creditors				46,285	25,287
	Social security		and other	taxes	6,817	6,507
	VAT				2,769	14,216
	Other creditors				1,251	16,162
	Accrued expenses				45,900	16,672
					103,022	78,844

Comparative	net movetnent in funds	, included in the above are a	s follows:
		Incoming	Resources	Gains and	Movetnent
		resources	expended	losses	in funds
		6	6	6
Unrestricted	funds
General fund		529,695	(517,020)	(453)	12,222
TOTAL FUNDS		529,695	(517,020)	(453)	12,222

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		g		6
Uarestricted	funds
General fund		1,058,418	(1,026,923)	(732)	30,763
TOTAL FUNDS		1,058,418	(1,026,923)	(732)	30,763