| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities |
|||
| Statement ofFinancial Position | 7 | to | 8 |
| Statement ofCash Flows | |||
| Notes to the Statement ofCash Flows | 10 | ||
| Notes to the Financial Statements | 11 | to | 18 |
| Detailed Statement ofFinancial Activities | 19 | to | 20 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | |||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Charitable activities |
|||||
| Training provision |
394,011 | 401,450 | |||
| Investment income |
1,456 | 13 | |||
| Total | 395,467 | 401,463 | |||
| EXPENDITURE ON | |||||
| Raising funds | 2,839 | ||||
| Charitable activities |
|||||
| Training provision |
551,063 | 502,724 | |||
| Total | 551,063 | 505,563 | |||
| Net gains/(losses) on investments |
(234) | ||||
| NET INCOME/(EXPENDITURE) | (155,596) | (104,334) | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought fonvard |
331,581 | 435,915 | |||
| TOTAL FUNDS CARRIED FORWARD | 175,985 | 331,581 |
| STATEMENT OF FINANCIAL POSITI 31AUGUST 2023 |
ON | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets |
11 | 63,995 | 66,062 |
| Investments | 12 | 1,692 | 1,887 |
| 65,687 | 67,949 | ||
| CURRENT ASSETS | |||
| Stocks | 13 | 1,110 | 1,163 |
| Debtors | 14 | 35,831 | 85,294 |
| Cash at bank and in hand | 120,979 | 268,445 | |
| 157,920 | 354,902 | ||
| CREDITORS | |||
| Amounts falling due within one year |
15 | (47,622) | (91,270) |
| NET CURRENT ASSETS | 110,298 | 263,632 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 175,985 | 331,581 | |
| NET ASSETS | 175,985 | 331,581 | |
| FUNDS | 17 | ||
| Unrestricted funds: |
|||
| General fund |
175,985 | 331,581 | |
| TOTAL FUNDS | 175,985 | 331,581 |
| FORTHE YEAR ENDED | 31AUGUS | T | 2023 | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Notes | ||||||
| Cash floxvs from operating activities Cash generated fiom operations Interest paid |
(141,061) (806) |
(127,612) (784) |
||||
| Net cash used in operating | activities | (141,867) | (128,396) | |||
| Cash floavs from investing Purchase oftangible fixed Interest received |
activities assets |
(7,250) 1,456 |
(5,316) 13 |
|||
| Revaluation ofinvestment | 195 | |||||
| Net cash used in investing | activities | (5,599) | (5,303) | |||
| Change in cash and cash the reporting period |
equivalents | in | (147,466) | (133,699) | ||
| Cash and cash equivalents beginning ofthe reporting |
at the period |
268,445 | 402,144 | |||
| Cash and cash equivalents the reporting period |
at the end | of | 120,979 | 268,445 |
ACTIVITIES |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Net expenditure for the reporting |
period (as per the Statement of | ||
| Financial Activities) Adjustments for: |
(155,596) | (104,334) | |
| Depreciation charges Losses on investments |
9,317 | 5,402 234 |
|
| Interest received Interest paid |
(1,456) 806 |
(13) 784 |
|
| Decrease/(increase) in stocks Decrease/(increase) in debtors (Decrease)/increase in creditors |
53 49,463 (43,648) |
(30) (42,691) 13,036 |
|
| Net cash used in operations | (141,061) | (127,612) | |
| ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1.9.22 | Cash flow | At 31.8.23 | |
| Net cash | |||
| Cash at bank and in hand | 268,445 | (147,466) | 120,979 |
| 268,445 | (147,466) | 120,979 | |
| Total | 268,445 | (147,466) | 120,979 |
| INVESTMENT INCOME | INVESTMENT INCOME | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Deposit account interest | 1,456 | 13 | |||||
| INCOME FROM | CHARITABLE ACTIVITIES | ||||||
| 2023 | 2022 | ||||||
| Activity | |||||||
| SFA funded training |
services | Training | provision | 309,920 | 328,287 | ||
| Course fees | Training | provision | 55,814 | 51,266 | |||
| Membership fees |
Training | provision | 7,121 | 7,689 | |||
| Project income | Training | provision | 21,074 | 8,625 | |||
| Sundry income |
Training | provision | 82 | 5,583 | |||
| 394,011 | 401,450 | ||||||
| 4. | RAISING FUNDS | ||||||
| Other trading activities |
|||||||
| 2023 | 2022 | ||||||
| Bad debts | 2,839 | ||||||
| 5. | CHARITABLE ACTIVITIES | COSTS | |||||
| Support | |||||||
| Direct | costs (see | ||||||
| Costs | note 6) | Totals | |||||
| Training provision |
547,503 | 3,560 | 551,063 |
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| costs | ||||
| Training provision |
3,560 | |||
| NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||
| 2023 | 2022 | |||
| Auditors' remuneration |
5,400 | |||
| Taxation compliance | services | 1,200 | ||
| Other non-audit services |
2,000 | |||
| Depreciation - owned |
assets | 9,317 | 5,403 | |
| Hire ofplant and machinery | 2,558 | 1,833 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Wages and salaries Social security costs |
278,700 24,158 |
195,066 20,307 |
||
| Other pension costs | 22,435 | 16,740 | ||
| 325,293 | 232, 113 | |||
| The average monthly |
number ofemployees | during the year was as follows: | ||
| 2023 | 2022 | |||
| Management &administration |
6 | 5 | ||
| Training k sales | 3 | |||
| 10 |
| COMPARATIVES F | OR THE ST | ATEMENT OF FINANCIAL AC | TIVITIES |
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| INCOME AND ENDOWMENTS | FROM | ||
| Charitable activities |
|||
| Training provision |
401,450 | ||
| Investment income |
13 | ||
| Total | 401,463 | ||
| EXPENDITURE ON | |||
| Raising funds | 2,839 | ||
| Charitable activities |
|||
| Training provision |
502,724 | ||
| Total | 505,563 | ||
| Net gains/(losses) on investments |
(234) | ||
| NET INCOME/(EXPENDITURE) | (104,334) | ||
| RECONCILIATION | OF FUNDS | ||
| Total funds brought forward |
435,915 | ||
| TOTAL FUNDS CARRIED FORWARD | 331,581 |
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| Freehold | Plant and | Motor | ||
| property | machine&y | vehicles | Totals | |
| COST | ||||
| At I September 2022 | 82,405 | 341,704 | 16,400 | 440,509 |
| Additions | 7,250 | 7,250 | ||
| At 31 August 2023 | 82,405 | 348,954 | 16,400 | 447,759 |
| DEPRECIATION | ||||
| At 1 September 2022 |
30,899 | 331,099 | 12,449 | 374,447 |
| Charge for year | 1,448 | 7,037 | 832 | 9,317 |
| At 31 August 2023 | 32,347 | 338,136 | 13,281 | 383,764 |
| NET BOOK VALUE | ||||
| At 31 August 2023 | 50,058 | 10,818 | 3,119 | 63,995 |
| At 31 August 2022 | 51,506 | 10,605 | 3,951 | 66,062 |
| 12. | FIXED ASS | ET INVEST | MENTS | |||
|---|---|---|---|---|---|---|
| Listed | ||||||
| 1nvcstnlcnts | ||||||
| MARKET VALUE | ||||||
| At 1 September 2022 |
1,887 | |||||
| Revaluations | (195) | |||||
| At 31 August | 2023 | 1,692 | ||||
| NET BOOK | VALUE | |||||
| At 31 August | 2023 | 1,692 | ||||
| At 31 August | 2022 | 1,887 | ||||
| There were no investment | assets outside the UK. | |||||
| Cost or valuation at 31 August 2023 is represented |
by: | |||||
| Listed | ||||||
| 1nvcstnlcnts | ||||||
| Valuation in 2023 |
1,692 | |||||
| 13. | STOCKS | |||||
| 2023 | 2022 | |||||
| Stocks | 1,110 | 1,163 | ||||
| 14. | DEBTORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | |||||
| Trade debtors | 6,945 | 27,267 | ||||
| Other debtors | 526 | 712 | ||||
| VAT | 2,033 | |||||
| Prepayments | and accrued | income | 25,313 | 44,014 | ||
| Prepayments | 1,014 | 13,301 | ||||
| 35,831 | 85,294 |
| 15. | CREDITOR | S | : AMOU | NTS | FA | LLING DUE WITHIN ONE | YEAR | ||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| Trade creditors | 24,054 | 55,666 | |||||||
| Social security | and other | taxes | 7,306 | 5,603 | |||||
| VAT | 275 | ||||||||
| Other creditors | 2,532 | ||||||||
| Accrued expenses | 16,262 | 27,194 | |||||||
| 47,622 | 91,270 | ||||||||
| 16. | SECURED DEBTS | ||||||||
| 17. | MOVEMENT | IN FUNDS | |||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1.9.22 | in funds | 31.8.23 | |||||||
| Unrestricted | funds | ||||||||
| General fund |
331,581 | (155,596) | 175,985 | ||||||
| TOTAL FUNDS | 331,581 | (155,596) | 175,985 | ||||||
| Net movement | in funds, | included | in the above are as follows: | ||||||
| Incoming | Resources | Movement | |||||||
| resources | expended | in funds | |||||||
| Unrestricted | funds | ||||||||
| General fund |
395,467 | (551,063) | (155,596) | ||||||
| TOTAL FUNDS | 395,467 | (551,063) | (155,596) | ||||||
| Comparatives | for movement | in | funds | ||||||
| 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 |
| 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) |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.9.21 | in funds | 31.8.23 | |||
| Unrestricted | funds | ||||
| General | fund | 435,915 | (259,930) | 175,985 | |
| TOTAL | FUNDS | 435,915 | (259,930) | 175,985 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 796,930 | (1,056,626) | (234) | (259,930) | |
| TOTAL | FUNDS | 796,930 | (1,056,626) | (234) | (259,930) |