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||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|
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|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||||
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|||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|
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|||||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.||||
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|||||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||
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|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|
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|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|
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|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|
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