| Page | |||||
|---|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 | ||
| Report ofthe Independent Auditors |
5 | to | 8 | ||
| Statement ofFinancial | Activities | ||||
| Statement ofFinancial | Position | 10 | |||
| Statement ofCash Fioxvs | |||||
| Notes to the Statement | ofCash Floxvs | 12 | |||
| Notes to the Financial | Statements | 13 | to | 20 | |
| Detailed Statement of | Financial | Activities | 21 | to | 22 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | ||||||
| fund | funds | ||||||
| Notes | |||||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Charitable activities |
|||||||
| Training provision |
401,450 | 335,359 | |||||
| Investment income |
13 | 156 | |||||
| Other income | 7,865 | ||||||
| Total | 401,463 | 343,380 | |||||
| EXPENDITURE | ON | ||||||
| Raising funds | 2,839 | ||||||
| Charitable activities |
|||||||
| Training provision |
502,724 | 445,158 | |||||
| Other | (1,082) | ||||||
| Total | 505,563 | 444,076 | |||||
| Net gains/(losses) | on investments | (234) | 837 | ||||
| NET INCOME/(EXPENDITURE) | (104,334) | (99,859) | |||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | foimard | 435,915 | 535,774 | ||||
| TOTAL FUNDS | CARRIED FORWARD | 331,581 | 435,915 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | ||||
| FIXED | ASSETS | |||
| Tangible | assets | 11 | 66,062 | 66,149 |
| Investments | 12 | 1,887 | 2,121 | |
| 67,949 | 68,270 | |||
| CURRENT ASSETS | ||||
| Stocks | 13 | 1,163 | 1,133 | |
| Debtors | 14 | 85,294 | 42,603 | |
| Cash at bank and in hand | 268,445 | 402,144 | ||
| 354,902 | 445,880 | |||
| CREDITORS | ||||
| Amounts | falling due within one year | 15 | (91,270) | (78,235) |
| NET CURRENT ASSETS | 263,632 | 367,645 | ||
| TOTAL | ASSETSLESSCURRENT | |||
| LIABILITIES | 331,581 | 435,915 | ||
| NET ASSETS | 331,581 | 435,915 | ||
| FUNDS | 17 | |||
| Unrestricted funds: |
||||
| General | fund | 331,581 | 435,915 | |
| TOTAL | FUNDS | 331,581 | 435,915 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated fiom operations |
(127,612) | (74,917) | ||
| Interest paid | (784) | (920) | ||
| Net cash used in operating | activities | (128,396) | (75,837) | |
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets |
(5,316) | (4,636) | ||
| Sale oftangible fixed assets |
6, 156 | |||
| Interest received | 13 | 156 | ||
| Net cash (used in)/provided | by investing | activities | (5,303) | 1,676 |
| Change in cash and cash | equivalents | in | ||
| the reporting period |
(133,699) | (74,161) | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 402,144 | 476,305 | |
| Cash and cash equivalents | at the end | of | ||
| the reporting period |
268,445 | 402,144 |
| RECONCILIATI ACTIVITIES |
ON OF NET E |
XPENDITURE TO NET CASH FLOW | FROM OPERATIN | G |
|---|---|---|---|---|
| 2022 | 2021 | |||
| Net expenditure | for the reporting | period (as per the Statement of | ||
| Financial Activities) | (104,334) | (99,859) | ||
| Adjustments for: |
||||
| Depreciation charges |
5,402 | 5,385 | ||
| Losses/(gain) on |
investments | 234 | (837) | |
| Profit on disposal | offixed assets | (1,082) | ||
| Interest received | (13) | (156) | ||
| Interest paid | 784 | 920 | ||
| Increase in stocks |
(30) | (118) | ||
| (Increase)/decrease | in debtors | (42,691) | 45,617 | |
| Increase/(decrease) | in creditors | 13,036 | (24,787) | |
| Net cash used in | operations | (127,612) | (74,917) |
| At 1.9.21 | Cash flow | At 31.8.22 | |
|---|---|---|---|
| Net cash | |||
| Cash at bank and in hand | 402,144 | (133,699) | 268,445 |
| 402,144 | (133,699) | 268,445 | |
| Total | 402,144 | (133,699) | 268,445 |
| INVESTMENT INCOME | INVESTMENT INCOME | ||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Deposit account interest | 13 | 156 | |||||
| INCOME FROM | CHARITABLE ACTIVITIES | ||||||
| 2022 | 2021 | ||||||
| Activity | |||||||
| SFA funded training |
services | Training | provision | 328,287 | 275,277 | ||
| Course fees | Training | provision | 51,266 | 49,496 | |||
| Membership fees |
Training | provision | 7,689 | 8,580 | |||
| Project income | Training | provision | 8,625 | 1,995 | |||
| Sundiy income | Training | provision | 5,583 | 11 | |||
| 401,450 | 335,359 | ||||||
| 4. | RAISING FUNDS | ||||||
| Other trading activities |
|||||||
| 2022 | 2021 | ||||||
| Bad debts | 2,839 | ||||||
| 5. | CHARITABLE ACTIVITIES | COSTS | |||||
| Support | |||||||
| Direct | costs (see | ||||||
| Costs | note 6) | Totals | |||||
| Training provision |
494,124 | 8,600 | 502,724 |
| SUPPORT COSTS | ||
|---|---|---|
| Governance | ||
| costs | ||
| Training provision |
8,600 | |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): |
||
| 2022 | 2021 | |
| Auditors' remuneration |
5,400 | 5,400 |
| Taxation compliance seivices |
1,200 | 1,200 |
| Other non-audit services |
2,000 | |
| Depreciation - owned assets |
5,403 | 5,385 |
| Hire ofplant and machinery | 1,833 | 1,555 |
| Surplus on disposal offixed assets |
(1,082) |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Wages and salaries | 195,066 | 189,663 | ||
| Social security costs | 20,307 | 16,414 | ||
| Other pension costs | 16,740 | 18,933 | ||
| 232,113 | 225,010 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2022 | 2021 | |||
| Management Sc administration |
5 | 5 | ||
| Training k sales | 3 | 3 |
| COMPARATIVES F | OR THE ST | ATEMENT OF FINANCIAL AC | TIVITIES |
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| INCOME AND ENDOWMENTS | FROM | ||
| Charitable activities |
|||
| Training provision |
335,359 | ||
| Investment income |
156 | ||
| Otllel' income | 7,865 | ||
| Total | 343,380 | ||
| EXPENDITURE ON | |||
| Charitable activities |
|||
| Training provision |
445,158 | ||
| Other | (1,082) | ||
| Total | 444,076 | ||
| Net gains on investments | 837 | ||
| NET INCOME/(EXPENDITURE) | (99,859) | ||
| RECONCILIATION | OF FUNDS | ||
| Total funds brought fonvard |
535,774 | ||
| TOTAL FUNDS CARRIED FORWARD | 435,915 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Freehold | Plant and | Motor | ||
| property | machinely | vehicles | Totals | |
| COST | ||||
| At 1 September 2021 | 82,405 | 336,388 | 16,400 | 435,193 |
| Additions | 5,316 | 5,316 | ||
| At 31 August 2022 | 82,405 | 341,704 | 16,400 | 440,509 |
| DEPRECIATION | ||||
| At 1 September 2021 |
29,451 | 328,460 | 11,133 | 369,044 |
| Charge for year | 1,448 | 2,639 | 1,316 | 5,403 |
| At 31 August 2022 | 30,899 | 331,099 | 12,449 | 374,447 |
| NET BOOK VALUE | ||||
| At 31 August 2022 | 51,506 | 10,605 | 3,951 | 66,062 |
| At 31 August 2021 | 52,954 | 7,928 | 5,267 | 66,149 |
| 12. | FIXEDASS | ETI | NVEST | MENTS | |||
|---|---|---|---|---|---|---|---|
| Listed | |||||||
| investments | |||||||
| MARKET VALUE | |||||||
| At 1 September 2021 |
2,121 | ||||||
| Revaluations | (234) | ||||||
| At 31 August | 2022 | 1,887 | |||||
| NET BOOK | VALUE | ||||||
| At 31 August | 2022 | 1,887 | |||||
| At 31 August | 2021 | 2,121 | |||||
| There were no investment | assets outside the UK. | ||||||
| Cost or valuation | at 31 August 2022 is represented | by: | |||||
| Listed | |||||||
| 1llvestlllerlts | |||||||
| Valuation in 2021 |
1,887 | ||||||
| 13. | STOCKS | ||||||
| 2022 | 2021 | ||||||
| Stocks | 1,163 | 1,133 | |||||
| 14. | DEBTORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | ||||||
| Trade debtors | 27,267 | 11,721 | |||||
| Other debtors | 712 | 723 | |||||
| Prepayments | and | accrued | income | 44,014 | 14,867 | ||
| Prepayments | 13,301 | 15,292 | |||||
| 85,294 | 42,603 |
| 2022 | 2021 | ||
|---|---|---|---|
| Trade creditors | 55,666 | 13,481 | |
| Social security | and other taxes | 5,603 | 6,106 |
| VAT | 275 | 2,517 | |
| Other creditors | 2,532 | 1,772 | |
| Accrued expenses | 27,194 | 54,359 | |
| 91,270 | 78,235 |
| MOVE | MEN | T IN FUN | DS | |||||
|---|---|---|---|---|---|---|---|---|
| Net | ||||||||
| movement | At | |||||||
| At 1.9.21 | in funds | 31.8.22 | ||||||
| Unrestricted | funds | |||||||
| General | fund | 435,915 | (104,334) | 331,581 | ||||
| TOTAL | FUNDS | 435,915 | (104,334) | 331,581 | ||||
| Net movement | in funds, | included | in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| Unrestricted | funds | |||||||
| General | fund | 401,463 | (505,563) | (234) | (104,334) | |||
| TOTAL | FUNDS | 401,463 | (505,563) | (234) | (104,334) | |||
| Comparatives | for movement | in | funds | |||||
| Net | ||||||||
| movement | At | |||||||
| At 1.9.20 | in funds | 31.8.21 | ||||||
| Unrestricted | funds | |||||||
| General | fund | 535,774 | (99,859) | 435,915 | ||||
| TOTAL | FUNDS | 535,774 | (99,859) | 435,915 |
| Iilcoilling | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 343,380 | (444,076) | 837 | (99,859) | |
| TOTAL | FUNDS | 343,380 | (444,076) | 837 | (99,859) |
| Net | |||||
|---|---|---|---|---|---|
| illoveillent | At | ||||
| At 1.9,20 | in funds | 31.8.22 | |||
| Unrestricted | funds | ||||
| General | fund | 535,774 | (204,193) | 331,581 | |
| TOTAL | FUNDS | 535,774 | (204,193) | 331,581 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 744,843 | (949,639) | 603 | (204,193) | |
| TOTAL | FUNDS | 744,843 | (949,639) | 603 | (204,193) |