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2020-08-31-accounts

Page
Trustees'
Report		 1to7
Auditor's
Report		 8to 10
Statement of Financial Activities
Balance Sheet 12
Statement ofCash Flows 13
Notes to the Accounts 14to 25

Company Number: 1621020
Charity Number: 264656
Registered Office: 24-32 Stephenson Way
London
Nwl
2HX
Trustees Cath Connolly
Cynthia
Creavalle
Philip Dick
Alastair Gaskin
Alastair Pearson
Kathleen Watem
Marie-Louise James (appointed 24/01/2019)
Auditors: Moore Kingston Smith LLP
Devonshire
House
60Goswell Road
London
EC1M 7AD
Sogcltors: IBBSolicitors
Capital Court
30Windsor Street
Uxbridge
UBS 1AB

Unrestricted Restricted Total Total
Note Funds
f		 Funds
8		 2019
8		 2018
8
INCOME
Donations
and legacies		 2 2,767 2,560 5,327 4,841
Charitable
activities
Training 935,581 935,581 1,058,480
Membership
services		 8,655 8,655 9,180
Investment
income		 2,520 2,520 1,288
Other income 46,013 46,013 62,356
Total Income 995,536 2,560 998,096 1,136,145
EXPENDITURE
Charitable
Activities		 6
Training 1,028,503 1,028,503 1,094,168
Membership
Services		 20,145 20,145 19,457
Total expenditure 1,048,648 1,048,648 1,113,625
Net incomel(expenditure) (53,112) 2,560 (50,552) 22,520
Gains/(losses)
on pension scheme
deficit reduction
provision		 16 6,901 6,901 544
Net movement
in funds		 (46,211) 2,560 (43,651) 23,064
Total Funds Brought Forward 925,675 49,288 974,963 951,899
Total Funds Carried Forward 879434 8'1848 931,312 974983

Note 2019 2019 2018 2018 2018
8 6 6 8
Fixed Assets
Tangible fixed assets 13 5,957 60,223
Current Assets
Debtors 14 407,012 420,187
Cash at bank and in hand 1,071,673 986,206
1,478,685 1,406,393
Creditors: Amounts
within one year		 falling due 1~ ~577,553 435,501
Net Current Assets 957 132 970,892
Total assets less current liabilities 973,089 1,031,115
Provisions for liabilities 16 (41,777) (56,152)
Total Net Assets 931,312 971953,
Funds 20
Unrestricted
funds		 879,464 925,675
Restricted funds 51,848 49,288
Total Funds 931,312 974,963
These financial
statements		 have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime within Part 15ofthe Companies Act 2006.

2019 2018
8 f
Cash flow/(outflow)
from operating
activities
Net cash provided
by operating
activities		 93,717 7,162
Cash flows from investing
activities
Investment income and interest received 2,520 1,288
Payments
Payments
Net cash		 to defined
benefit multiemployer
pension
to acquire tangible
fixed assets
(oufflow) from investing
activities		 scheme (7,474)
~3,296
~9.2 9		 (7,148)
~2,96
~9,92
Increase/ (decrease) in cash and cash equivalents in the year 85,467 (1,663)
Cash and cash equivalents
at beginning		 ofthe year 986,206 987,869
Cash and cash equivalents
at end ofthe		 year 1,071,673 986,206
Reconclgatlon
of n		 et inco me/ ( expenditure)
to net cash flow		 from operating
activities
2019 2018
8 8
Net (expenditure)/income (50,552) 22,520
Adjustments
for:
Depreciation
charges		 57,562 56,318
Loss on disposal of tangible fixed assets 119
Investment
income		 (2,520) (1,288)
(Decrease)
in provisions		 (34,500)
Decrease/ (increase) in debtors 13,175 (180,365)
Increase
in creditors		 76,052 144,358
Net cash provided by operating activities 93,717 7,162

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8 Governance
costs
2019 2018
8 8
Staff costs 24,771 30,089
Audit 11,306 10,200
Legal and professional 10,486 13
6, 63
9 Net income/(expenditure) 2019 2018
8
Net (expenditure)/income is stated aRer charging:
Depreciation-
owned assets		 57,562 56,318
Hire of plant and machinery 5,714 10,284
Other operating
leases		 145,000 145,000
Auditors'
remuneration-		 current year 6

13 Tangible fixed ass et s
Fixtures and Computer
Long leasehold fittings equipment Totals
6 6 6 8
Cost
At 1stSeptember 2018 286,170 74,434 24,935 385,539
Additions 298 2,998 3,296
Disposals
At 31stAugust 2019 286,170 , 3 2 388,170
Depreciation
At 1stSeptember 2018
Charge for year
Disposals		 232,947
53,223		 71,376
1,292		 20,993
3,047		 325,316
57,562
~66
At 31stAugust 2019 286 170 72668 23,375 382,213
Net book value
At 31stAugust 2019 2,064 3,893 5,957
At 31stAugust 2018 53,223 3,058 3,942 60,223
14 Debtors: Amounts falling due within one year
2019 2018
6 f
Other debtors 401,390 387,221
Prepayments
and accrued income		 32,966
407,012 420,187
15 Cmditors: Amounts falling due within one year
2019 2018
6 8
Other creditors 58,733 9,676
Taxation and Social Security 9,159 10,796
Accruals and deferred income 443,661 415029
511,553 435,501

Where the scheme is in deficit and where Where the scheme is in deficit and where the company has agreed to a deficit funding the company has agreed to a deficit funding the company has agreed to a deficit funding the company has agreed to a deficit funding arrangement
the company		 arrangement
the company
recognises a liability for this obligation. The amount recognised
is		 the net present value ofthe deficit reduction
contributions
payable under the		 agmement
that relates to the deficit. The present value		 is calculated
using the discount
rate detailed
in these disclosures.		 The unwinding of the discount rate is recognised as a finance cost.
Reconciliation
ofopening and		 closing provisions 2019f 2010
6
Provision at start of period 56,152 63,844
Unwinding
ofthe discount factor		 881 718
Deficit contribution
paid		 (7,474) (7,148)
Remeasurements-
impact ofany		 change in assumptions 785 (1,262)
Remeasurements-
amendments		 to the contribution schedule
Provision at end ofthe period
Income and expenditure
impact		 2019f 2018
6
interest expense 881 718
Remeasurements-
impact ofany		 change in assumptions 785 (1,262)
Remeasurements-
amendments		 to the contribution schedule
Assum
tions
2010 2010 2017
%per annum %psr annum %per annum
Rate ofdiscount 0.97 1.68 I20
17 Operating
lease commitments
Land and Buildings Other
2019
f		 2010
6		 2019
6		 2018
6
Total payable:
Lessthan 1 year 36,250 143,014 5,714 5,083
Between 1-5years 5,714 10,166
36,250 143,014 11,428 15,249

19 Analysis ofn et ass e ts bet ween funds
Unrestricted Restricted Total funds
fundsf funds
6		 2019
f
Fixed assets 5,957 5,957
Current assets 1,426,837 51,848 1,478,685
Current
liabilities		 (511,553) (511,553)
Provisions
879,464 51,848 931,312
Unrestricted Restricted Total funds
funds Funds 2018
6 6 K
Fixed assets 60,223 60,223
Current assets 1,357,105 49,288 1,406,393
Current
liabilities
Provisions		 (435,501)
(56,152)		 (435,501)
~88
49,288 974,963
20 Movement
in		 funds
At 1st Gainsl At 31st
September Income expenditure (losses) Transfers August 2019
2018
6
Unrestricted funds
General 802,499 995,536 (1,048,648) 6,901 23,176 779,464
Designated
funds
Provision for rent increase 23,176 (23,176)
Provision for pension liability
(see note 21) 100,000 100,000
Total unrestricted funds 925,675 995,536 (1,048,648) 6,901 879,464
The provison for rent increase fund was set aside to help cover increases in rent costs. It has been released this year in
advance ofthe office move in 2019/20.
Restricted funds
(a) Bulgarian
project		 300 300
888
Totalmstricted funds 49,288 2,560 51,848