2020-12-31-accounts

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TRUSTEES' ANNUAL REPORT
(INCORPORATING THE DIRECTORS' REPORT)
AUDITORS REPORT
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
CONSOLIDATED AND PARENT CHARITABLE COMPANY	BALANCE SHEETS	12
CONSOLIDATED STATEMENT OF CASHFLOWS		13
NOTES TO THE FINANCIAL STATEMENTS		14

				Unrestricted	Unrestricted
				and Total	and Total
			Note	Funds	Funds
Income and Endowments		from		2020	2019
				6	6
Charitable activities: Provisions ofcourses and accommodation				1,963,013	2,108,210
Other trading activities
Hire offacilities to other course providers				67,962	254,080
Miscellaneous sales and	other income			76,932	15,778
investment income				4,280	4,809
Total Income & Endowments				2,112,187	2,382,877
Expenditure on
Charitable activities
Provision ofcourses and	accommodation			1,843,044	2,130,054
Charitable donations				5,000	37,942
Other expenditure
Hire of facilities to other course providers				56,932	171,506
Total expenditure			3	1,904,976	2,339,502
Net incoming resources				207,211	43,375
Reconciliaiion offunds
Funds balances brought	forward			1,599,982	1,556,607
Total funds carried forward		at 31 December		1,807,193	1,599,982

				Group	Group	Charitable	Company
				2020	2019	2020	2019
			Note		8	f
Fixed assets
Tangible assets			10	683,660	749,667	617,345	655,399
Shares in group undertakings			11			2	2
				683,660	749,667	617,347	655,401
Current assets
Stock				1,340	1,340
Debtors			12	314,000	341,482	468	25,556
Cash at bank and	in	hand		1,336,951	981,888	462,422	311,722
				1 652 291	1,324,710	462 890	337,278
Creditors
Amounts falling due within one year			13	(476,486)	(391,873)	(4,838)	(4,257)
Net current assets				1,175,805	932,837	458,052	333,021
Creditors due more	than one year			(34,870)	(68,767)
Provision for liabilities		and charges	14	(17,402)	(13,755)
Net assets				1,807,193	1,599,982	1,075,399	988,422
Funds ofthe charity
Unrestricted income		funds:
General funds				1,807,193	1,599,982	1,075,399	988,422
Total Charity funds				1,807,193	1,599,982	1,075,399	988,422

										Total	Total
										funds	funds
										2020	2019
									Note
Cash flows from operating			activities
Cash generated from		operations								353,360	180,386
Interest received										4,280	4,553
Tax paid											(9,311)
Net cash generated		by operating		activities						357,640	175,628
Cash flows used in		investing activities
Purchase of Tangible		Fixed Assets								(2,577)	(128,329)
Net cash used in investing			activities							(2,577)	(128,329)
Change in cash and period		cash equivalents			in the	reporting				355,063	47,299
Cash and cash equivalents			at the beginning			ofthe reporting				981,888	934,589
period
Cash and cash equivalents			at the end		of the reporting		period			1,336,951	981,888
Reconciliation of net income/(expenditure)						to net cash	flow			2020	2019
from operating activities											6
Net Income for the	reporting		period (as per			the statement		of		207,211	73,029
financial activities)	before taxation
Adjustments for:
Interest received										(4,280)	(4,809)
Depreciation										68,584	65,627
Tax expense										60,487
Decrease / (Increase)		in Debtors								27,640	(63,934)
Increase in Creditors										(6,282)	110,473
Net cash provided	by operating			activities						353,360	180,386

Amortisation
Amortisation	is charged so as to write	off the cost ofassets over their estimated		useful lives as follows'.
Asset class		Amortisation	method	and rate
Software development		3 years straight	line

Depreciation of fixed assets	is calculated	to write off their cost or valuation on a straight	to write off their cost or valuation on a straight	line basis over their
estimated useful lives as follows:
Asset class		Depreciation method	and rate
Freehold buildings		50years
Leasehold land and buildings		10years
Garden equipment		5years (10years prior	to 2008)
Fixtures and fittings		5years (10years prior	to 2008)

	Charitable Charitable	Charitable Charitable	Charitable Charitable	Other	Total	Total
	Activities 6 Donationsf			Activities	2020 6	2019
Provision ofcourses and accommodation	1,553,547				1,553,547	1,841,200
Charitable Donations			5,000		5,000	37,942
Hire offacilities to other course				56,932	56,932	171,506
Administrative / Managerial	/	236,036		9,847	245,883	247,771
Financial expenses
External Audit		10,450			10,450	10,450
Legal &other professional	services	66			66	803
Taxation		33,098			33,098	29,830
Total 2020	1,833,197		5,000	66,779	1,904,976	2,339,502
Total 2019	2,130,054		37,942	171,506
Miscellaneous sales
				2020 6		2019f
Other operating income				5,861		15,778
Government grants				71,071
				76,932		15,778
Government grants relate	to grants receivable	under the	Coronavirus	Job Retention	Scheme.
Operating profit
				2020		2019
					6	6
Operating profit is stated after charging:
Auditors' remuneration				10,450		10,450
Depreciation oftangible fixed assets: owned		assets		68,584		65,627

7	Staff costs
			2020	2019f
	Wages and salaries		517,617	620,409
	Social security costs (Employers	Nl)	44,589	48,618
	Other pension costs		10,136	10,622
	Redundancy costs		43,548
			615,890	679,649

The subsidiar	y	is not a charity	and is subject to Corporation tax	ation.
				2020	2019f
Corporation	Tax effective at 19/o (2019:19/o)			56,840	27,454
UK corporation		tax adjustment	to prior periods	(27,389)
Deferred tax				3,647	2,376
				33,098	29,830

10	Tangible fixed assets
	Group			Short
				Leasehold	Freehold
		Garden	Fixtures and	Land and	Land and
		Equipment	Fittings	Buildings	Buildings	Total
			8	8	6
	Cost
	1 January 2020	12,581	614,491	472,031	818,011	1,917,114
	Additions		2,577			2,577
	Disposals
	31 December 2020	12,581	617,068	472,031	818,011	1,919,691
	Depreciation
	1January 2020	12,581	527,131	390,629	237,106	1,167,447
	Elimination on disposal
	Charge for the year		29,114	16,830	22,640	68,584
	31 December 2020	12,581	556,245	407,459	259,746	1,236,031
	Net book amounts
	31 December 2020		60,823	64,572	558,265	683,660
	31 December 2019		87,360	81,402	580,905	749,667

Charitable Company
			Short
			Leasehold	Freehold
	Garden	Fixtures and	Land and	Land and
	Equipmentf	Fittings 8	Buildingsf	Buildings	Total 8
Cost
1 January 2020	12,581	45,525	154,132	818,011	1,030,249
Additions
Disposals
31 December 2020	12,581	45,525	154,132	818,011	1,030,249
Depreciation
1 January 2020	12,581	45,525	79,638	237,106	374,850
Elimination on disposal
Charge for the year			15,414	22,640	38,054
31 December 2020	12,581	45,525	95,052	259,746	412,904
Net book amounts
31 December 2020			59,080	558,265	617,345
31 December 2019			74,494	580,905	655,399

A summary ofthe trading results is shown below:	A summary ofthe trading results is shown below:	A summary ofthe trading results is shown below:			2020		2019
					6
Turnover					2,030,975		2,362,290
Cost ofsales and admin costs					(1,812,320)		(2,217,489)
Other operating	income				80,143		16,282
Taxation					(33,098)		(29,830)
Donation paid to	parent charity, recognised as a distribution				(145,270)		(20,000)
Net profit retained		in subsidiary			120,430		111,253
The assets and	liabilities were:
Fixed assets					66,315		94,268
Current assets					1,189,596		987,432
Current liabilities					(471,648)		(387,617)
Non-current liabilities Provisions				(34,870) ~77,402		(68,767) ~72, 4
Aggregate share capital and reserves					731,991		611,561
Debtors
				Group	Charitable		Company
Amounts falling	due within one year		2020 6		2019	2020 6	2019 6
Trade debtors			44,856	170,159
Other debtors			195,100		22,593		21,779
Prepayments and accrued income			74,044	148,730		468	3,777
			314,000	341,482		468	25,556
Creditors
				Group	Charitable		Company
Amounts falling	due within one year		2020 f		2019 6	2020 6	2019
Trade creditors			121,702	150,468		2,238	1,467
Taxation			56,840		27,389
Accruals and deferred income			172,313	144,756		2,600	2,790
VAT			89,727		49,092
Payroll liabilities			34,644		15,688
Other creditors			260		1,480
Apprenticeship incentives			1,000		3,000
			476,4186	391,873		4,838	4,257
Amounts falling after one year
Deferred income			34,870		68,767

				Group	Chantable	Company
Deferred	income	reconciliation	2020 5	2019	2020	2019
Balance	at 1 January		154,080	104,163
Amount	released	in year	(154,080)	(104,163)
Amount	deferred	in year	128,594	154,080
Balance	at 31 December		128,594	154,080

						Deferred Tax
1 January	2020					13,755
Increase	in provision	in year				3,647
31 December 2020						17,402
Leasing	Agreements
Minimum	lease payments		under non-cancellable	operating	leases fall due as follows:
					2020	2019
					8
Within one year					88,810	88,810
Between	one and five years				81,409	170,219
					170,219	259,029

			2020	2019
			6	6
Incoming resources:
Donation from subsidiary			144,070	20,000
Other income				3,226
Interest received			1,069	1,079
			145,139	24,305
Expenditure on charitable		activities	(58,162)	(92,183)
Net surplus I (deficit)			86,977	(67,878)
Total funds brought	forward		988,422	1,056,300
Total funds carried	forward		1,075,399	988,422