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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|
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|||||2020|2019|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes||6|
|INCOME AND ENDOWMENTS FROM||||||
|Charitable
activities||||||
|Training
provision||||513,314|528,974|
|lnvestinent
income||||998|721|
|Other income||||14,411||
|Total||||528,723|529,695|
|EXPENDITURE|ON|||||
|Raising funds||||2,608||
|Charitable
activities||||||
|Training provision||||507,295|516,920|
|Other|||||100|
|Total||||509,903|517,020|
|Net gains/(losses)|on|investments||(279)|(453)|
|NET INCOME||||18,541|12,222|
|RECONCILIATION||OF FUNDS||||
|Total funds brought||forward||517,233|505,011|
|TOTAL FUNDS CARRIED FORWARD||||535,774|517,233|
##
|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|
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||||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|
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|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|
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||INVESTMENT INCOME|INVESTMENT INCOME||||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
||Deposit account interest|||||998|721|
|3.|INCOME FROM|CHARITABLE ACTIVITIES||||||
|||||||2020|2019|
||||Activity|||||
||SFA funded training|services|Training|provision||452,095|445,890|
||Course fees||Training|provision||35,541|49,978|
||Membership
fees||Training|provision||16,865|17,089|
||Project income||Training|provision||8,779|8,403|
||Sundry
income||Training|provision||34|75|
||Apprenticeship
monitoring|||||||
||fees||Training|provision|||7,539|
|||||||513,314|528,974|
|4.|RAISING FUNDS|||||||
||Other trading activities|||||||
|||||||2020|2019|
||||||||8|
||Bad debts|||||2,608||
|5.|CHARITABLE ACTIVITIES||COSTS|||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs|note 6)|Totals|
||||||8|||
||Training
provision||||500,345|6,950|507,295|
##
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|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|
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|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|
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||||||||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|
##
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|||||||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|
##
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|MOVEMEN|T IN FUNDS||||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.9.19|in funds|31.8.20|
|Unrestricted|funds||||||
|General fund||||517,233|18,541|535,774|
|TOTALIIUNDS||||517,233|18,541|535,774|
|Net tnovement|in funds, included||in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|||||6|8|6|
|Unrestricted|funds||||||
|General fund|||528,723|(509,903)|(279)|18,541|
|TOTAL FUNDS|||528,723|(509,903)|(279)|18,541|
|Comparatives|for movement|in|funds||||
||||||Net||
||||||movetnent|At|
|||||At 1.9.18|in funds|31.8.19|
|||||6|6|6|
|Unrestricted|funds||||||
|General fund||||505,011|12,222|517,233|
|TOTAL FUNDS||||505,011|12,222|517,233|
|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|
##
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|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.9.18|in funds|31.8.20|
|Unrestricted||funds||||
|General|fund||505,011|30,763|535,774|
|TOTAL|FUNDS||505,011|30,763|535,774|
|||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|
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