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|Legal and Administrative|Information|Information||||
|---|---|---|---|---|---|
|Council Members'
Annual|Report||||2-4|
|Report ofthe Auditors|||||5-6|
|Statement ofFinancial
Activities||||||
|Balance Sheet||||||
|Statement ofCash Flows||||||
|Notes forming part ofthe|financial|statements|||10- I7|
|The following
pages do not form part ofthe statutory|||financial|statements:||
|Detailed Statement ofFinancial Activities||||||
|Detailed Balance Sheet|||||19|
|REGISTRATION NUMBER:|02438525 (Company||limited|by guarantee)|by guarantee)||||
|---|---|---|---|---|---|---|---|---|
|CHARITY NUMBER:|328414||||||||
|COUNCIL MEMBERS:|Dr R, Dorrance (Chairperson)||||||||
||Dr R. Morpeth (Chief||Executive||OAicer to|April 2021)|||
||R.A. Marshall
(Vice Chairperson)||||||||
||C.Callaway||||||||
||R.E.Moore||||||||
||C.J.Woolliscroft||||||||
||Dr V. Pittard||||||||
|CHIEF EXECUTIVE OFFICER:|E Chesterman||||||||
|REGISTERED OFFICE|The Michael Young|Centre|||||||
||School House||||||||
||Homerton
Gardens||||||||
||Purbeck Road||||||||
||Cambridge||||||||
||CB2 8EB||||||||
|AUDITORS:|Prentis k, Co LLP||||||||
||Chartered
Accountants||8c Statutory Auditors||||||
||I ISc Milton Road||||||||
||Cambridge||||||||
||CB4 IXE||||||||
|BANKERS:|CAF (Charities Aid|Foundation)|||Bank|National|Westminster|Bank|
||25 Kings Hill Avenue|||||Kings Parade Branch|||
||Kings Hill|||||10Benet|Street||
||West Mailing, Kent|||||Cambridge|||
||ME I94TA|||||CB2 3PU|||
||lnsignis||||||||
||St Johns Innovation|Centre|||||||
||Cowley Road||||||||
||Cambridge||||||||
||CB4 OWS||||||||
|SOLICITORS:|Stone King||||||||
||3rd Floor||||||||
||Bateman House||||||||
||82-88 Hills Road||||||||
||Cambridge||||||||
||CB2 ILQ||||||||
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|||||2021|2021|2021|2020|2020|2020|
|---|---|---|---|---|---|---|---|---|---|
||||Notes|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||Funds|Funds|Funds|Funds|Funds|Funds|
|INCOME FROM:||||f,|||f|||
|Charitable
activities:||||||||||
|Fees||||1,513,909||1,513,909|1,442,993||1,442,993|
|Publications
and 1icences||||4,110||4,110|7,165||7,165|
|Project income
Other income||||2,090|6,250|6,250
2,090|7,780|10,000|10,000
7,780|
|TOTAL INCOME||||1,520,109|6,250|1,526,359|1,457,938|10,000|1,467,938|
|EXPENDITURE ON:||||||||||
|Charitable
activities:||||||||||
|Fees||||1,224,831||1,224,831|1,113,672||1,113,672|
|Publications
and licences||||45,191||45,191|50,368||50,368|
|Projects
Other costs||||27,339|3,560|3,560
27,339|22,456|17,893|17,893
22,456|
|TOTAL EXPENDITURE||||1,297,361|3,560|1,300,921|1,186,496|17,893|1,204,389|
|Net income and net||||||||||
|movement
in funds||||222,748|2690|225,438|271,442|(7,893)|263,549|
|RECONCILIATION||OF FUNDS||||||||
|Total funds brought|forward|||535,092||535,092|263,650|7,893|271,543|
|Total funds carried|forward|||757,840|2,690|760,530|535,092||535,092|
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||Notes||2021||2020||
|---|---|---|---|---|---|---|
||||E||||
|FIXEDASSETS|||||||
|Intangible
assets||||164,059||258,402|
|Tangible assets||||64,054||95,870|
|TOTAL FIXEDASSETS||||228,113||354,272|
|CURRENT ASSETS|||||||
|Stocks|10||16,682||14,980||
|Debtors|ll||47,917||54,014||
|Cash at bank and in hand|||813,019||500,878||
|TOTAL CURRENT ASSETS|||877,618||569,872||
|LIABILITIES:|||||||
|Creditors: Amounts
falling due|||||||
|within one year|12||(221,933)||(210,783)||
|NET CURRENT ASSETS||||655,685||359,089|
|TOTALASSETSLESSCURRENT LIABILITIES||||883,798||713,361|
|Creditors: Amounts
falling due|||||||
|after more than one year|13|||||(50,000)|
|PROVISIONS FORLIABILITIES|14|||(123,268)||(128,269)|
|TOTAL NETASSETS||||760,530||535,092|
|THE FUNDS OFTHE CHARITY:|||||||
|Unrestricted
Funds|15|||757,840||535,092|
|Restricted Funds|15|||2,690|||
|TOTAL FUNDS||||760,530||535,092|
|The financial statements
were approved|by the Council ofTrustees on|14,|||||
|and signed on its behalf by|||||||
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|||||2021|2020|
|---|---|---|---|---|---|
|||||Total|Total|
||||Notes|Funds|Funds|
|Cash flows from operating
Nel cash provided by/(used|activities:
in) operating|activilies|18|408,586|582,313|
|Cash flows from investing|activities:|||||
|Purchase oftangible fixed assets||||(18,665)|(49,373)|
|Capitalisation ofintangible|assets|||(27,780)|(57,671)|
|Net cash provided by/(used|in) investing|acli vities||(46,445)|(107,044)|
|Cash flows from financing|activities:|||||
|Repayment ofborrowing||||(50,000)|(88,565)|
|Net cash provided by/(usedin)
financing||activities||(50,000)|(88,565)|
|Change in casii and cash equivalents
in the year
Cash and cash equivalents
brought
forward||||312,141
500,878|386,704
114,174|
|Cash and cash equivalents|carried forward|||813,019|500,878|
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|EXPENDITURE ON:|||||||
|---|---|---|---|---|---|---|
|CHARITABLE ACTIVITIES|||Activities||||
|FORTHE YEAR ENDED 30TH||JUNE 2021|Undertaken|Other Direct|Support|2021|
||||Directly|Costs|Costs|Totalf|
|Fees|||682,875|7,200|534,756|1/24,831|
|Publications
&licences|||39,789||5,402|45,191|
|Projects||||3,560||3,560|
|Governance
costs|||||27,339|27,339|
||||722,664|10,760|567,497|1,300,921|
|ANALYSIS OF SUPPORT COSTS|||||||
|FORTHE YEAR ENDED 30TH||JUNE 2021||Publications||2021|
||||Fees|&Licences|Governance|Total|
|||||f||f|
|Postage and carriage|||356|3||359|
|Staffcosts|||116,745|1,179||117,924|
|Office expenses|||2,046|21||2,067|
|Coinputer
and hardware|expenses||57,189|578||57,767|
|Telephone|||7,606|78||7,684|
|Depreciation
and amortisation|||170,878|1,726||172,604|
|Professional
fees|||8,539|86||8,625|
|Accountancy|||1,562|16||1,578|
|Other costs|||186|1||187|
|Recruitment
costs|||17,514|177||17,691|
|Bank and credit card charges|||19,828|200||20,028|
|Premises expenses|||67,556|682||68,238|
|Advertising
and marketing|||64,752|654||65,406|
||||534,757|5,401||540,158|
|ANALYSIS OF GOVERNANCE||COSTS|||||
|Legal and professional
Auditors
remuneration|||||14,739
6,600|14,739
6,600|
|Apportionment
ofpremises costs|||||6,000|6,000|
||||534,757|5,401|27,339|567,497|
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|4.a|EXPENDITURE ON:||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||CHAMTABLE ACTIVITIES||||||Activities||||
||FOR THE YEAR ENDED||30TH||JUNE 2020||Undertaken|Other Direct|Support|2020|
||||||||Directly|Costs|Costs|Total|
||Fees||||||569,841|9,129|534,702|1,113,672|
||Publications
&licences||||||39,456||10,912|50,368|
||Projects|||||||17,893||17,893|
||Governance
costs||||||||22,456|22,456|
||||||||609,297|27,022|568,070|1,204,389|
||ANALYSIS OF SUPPORT COSTS||||||||||
||FOR THE YEAR ENDED||30TH||JUNE 2020|||Pubhcations||2020|
||||||||Fees|&Licences|Governance|Total|
||Postage and carriage||||||872|18||890|
||Staffcosts||||||94,499|1,929||96,428|
||Office expenses||||||3,225|66||3,291|
||Computer
and hardware|expenses|||||67,635|1,380||69,015|
||Telephone||||||4,919|100||5,019|
||Depreciation
and amortisation||||||212,203|4,331||216,534|
||Professional
fees||||||12,863|263||13,126|
||Accountancy||||||1,605|33||1,638|
||Other costs||||||166|3||169|
||Recruitment
costs||||||1,616|33||1,649|
||Bank and credit card charges||||||13,391|273||13,664|
||Loan Interest||||||3,018|62||3,080|
||Premises expenses||||||66,805|1,363||68,168|
||Advertising
and marketing||||||51,885|1,058||52,943|
||||||||534,702|10,912||545,614|
||ANALYSIS OF GOVERNANCE||||COSTS||||||
||Legal and professional||||||||7,462|7,462|
||Auditors
remuneration||||||||6,600|6,600|
||Council Members
expenses||||||||2,394|2,394|
||Apportionment
ofpremises||costs||||||6,000|6,000|
||||||||534,702|10,912|22,456|568,070|
||NET INCOME FOR THE||YEAR||||||2021|2020|
||Auditors
remuneration|||-Audit|||||6,600|6,600|
|||||- Other services (consultancy)|||||1,577|1,638|
||Depreciation oftangible|fixed||assets|||||50,481|48,297|
||Amortisation
ofintangible||fixed assets||||||122,123|168,237|
||MANAGEMENT
THREAT IN RELATION TO NON-AUDIT||||||SERVICES||||
||In common with many other businesses ofour size and nature we use our auditors|||||||to assist with|the preparation||
||ofthe financial statements.||||||||||
||ANALYSIS OF STAFF|COSTS AND REMUNERATION||||OF|||2021|2020|
||KEY MANAGEMENT|PERSONNEL|||||||||
||Salaries and wages||||||||529,582|423,459|
||Social security costs||||||||34,849|32,768|
||Pension contributions||||||||3,272|27,279|
||||||||||567,703|483,506|
##
||INTANGIBLE FIXEDASSETS|INTANGIBLE FIXEDASSETS||Course||
|---|---|---|---|---|---|
||FOR THE|YEAR ENDED 30TH JUNE 2021|Goodwill|Development|Total|
||COST OR|VALUATION||||
||Balance at|1stJuly 2020|301,166|671,586|972,752|
||Additions|||27,780|27,780|
||Balance at|30th June 2021|301,166|699,366|1,000,532|
||AMORTISATION|||||
||Balance at|1stJuly 2020|173,169|541,181|714,350|
||Charge for|the year|25,599|96,524|122,123|
||Balance at|30th June 2021|198,768|637,705|836,473|
||NET BOOK VALUE as at 30th June 2021||102,398|61,661|164,059|
|8a.|INTANGIBLE FIXEDASSETS|||Course||
||FOR THE|YEAR ENDED 30TH JUNE 2020|Goodwill|Development|Total|
||COST OR|VALUATION|f||f|
||Balance at|1stJuly 2019|301,166|613,915|915,081|
||Additions|||57,671|57,671|
||Balance at|30th June 2020|301,166|671,586|972,752|
||AMORTISATION|||||
||Balance at|1stJuly 2019|147,570|398,543|546,113|
||Charge for|the year|25,599|142,638|168/37|
||Balance at|30th June 2020|173,169|541,181|714,350|
||NET BOOK VALUE as at 30th June 2020||127,997|130,405|258,402|
||TANGIBLE FIXEDASSETS||Leasehold|Equipment||
||YEAR ENDED 30TH JUNE 2021||Improvement|&Software|Total|
||COST OR|VALUATION||||
||Balance at|1stJuly 2020|30,073|301,695|331,768|
||Additions|||18,665|18,665|
||Disposals|||(1,106)|(1,106)|
||Balance at|30th June 2021|30,073|319,254|349,327|
||DEPRECIATION|||||
||Balance at|1stJuly 2020|30,073|205,825|235,898|
||Charge for|the year||50,481|50,481|
||Eliminated|on disposal||(1,106)|(1,106)|
||Balance at|30th June 2021|30,073|255,200|285,273|
||NET BOOK VALUE as at 30th June 2021|||64,054|64,054|
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|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|Leasehold|Equipment||
|---|---|---|---|---|
|YEAR ENDED 30TH JUNE 2020
COST OR VALUATION||Improvementf|&Softwaref|Total|
|Balance at 1stJuly 2019||30,073|253,489|283,562|
|Additions|||49,373|49,373|
|Disposals|||(1,167)|(1,167)|
|Balance at 30th June 2020||30,073|301,695|331,768|
|DEPRECIATION|||||
|Balance at 1stJuly 2019||24,276|164,492|188,768|
|Charge for the year||5,797|42,500|48,297|
|Eliminated
on disposal|||(1,167)|(1,167)|
|Balance at 30th June 2019||30,073|205,825|235,898|
|NET BOOK VALUE as at|30th June 2020||95,870|95,870|
|STOCKS|||2021|2020|
||||f.|f|
|Finished goods and goods for resale|||16,682|14,980|
|DEBTORS|||2021|2020|
||||f|f,|
|Trade debtors|||29,579|20,388|
|Prepayments
and accrued income|||18,338|33,626|
||||47,917|54,014|
|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR||2021|2020|
||||f|f|
|Trade creditors|||119,504|114,106|
|Other creditors|||16,865|12,405|
|Accruals and deferred income|||85,564|84,272|
||||221,933|210,783|
|CREDITORS: AMOUNTS|FALLING DUE AFTER MORE THAN ONE YEAR||2021|2020|
|Other loans||||50,000|
|The above loan repayments|fall due as follows:||2021
f|2020
f|
|Between one and two years||||50,000|
|PROVISIONS FOR LIABILITIES|||2021|2020|
|||||f|
|Balance brought
forward|||128,269|108,559|
|Movement
in provision|||(5,001)|19,710|
|Balance carried forward|||123,268|128,269|
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|15.|ANALYSIS OF CHARITABLE FUNDS|Brought||||Carried|
|---|---|---|---|---|---|---|
||YEAR ENDED 30TH JUNE 2021|Forward|Income|Expenditure|Transfers|Forward|
|||||f.|||
||UNRESTRICTED FUNDS||||||
||General
funds|535,092|1,520,109|1,297,361||757,840|
||RESTRICTED FUNDS||||||
||Open University||6,250|3,560||2,690|
||TOTAL FUNDS|535,092|1,526,359|1,300,921||760,530|
|15a.|ANALYSIS OF CHARITABLE FUNDS|Brought||||Canied|
||YEAR ENDED 30TH JUNE 2020|Forward|Income|Expenditure|Transfers|Forward|
|||||||f.|
||UNRESTRICTED FUNDS||||||
||General
funds|263,650|1,457,938|1,186,496||535,092|
||RESTRICTED FUNDS||||||
||Digital Learning for Prisoners|5,941||5,941|||
||AAH|1,952|10,000|11,952|||
|||7,893|10,000|17,893|||
||TOTAL FUNDS|271,543|1,467,938|1,204,389||535,092|
|16.|ANALYSIS OFNET ASSETSBETWEEN FUNDS|ANALYSIS OFNET ASSETSBETWEEN FUNDS|2021|2021|2021|
|---|---|---|---|---|---|
||YEAR ENDED 30TH JUNE 2021||Unrestricted|Restricted|Total|
||||Funds|Funds|Funds|
||||E|||
||Intangible|fixed assets|164,059||164,059|
||Tangible|fixed assets|64,054||64,054|
||Current assets||874,711|2,690|877,401|
||Creditors|due within one year|(221,716)||(221,716)|
||Provision|for liabilities|(123,268)||(123,268)|
||||757,840|2,690|760,530|
|16a.|ANALYSIS OFNET ASSETSBETWEEN FUNDS||2020|2020|2020|
||YEAR ENDED 30TH JUNE 2020||Unrestricted|Restricted|Total|
||||Funds|Funds|Funds|
|||||f||
||Intangible|fixed assets|258,402||258,402|
||Tangible|fixed assets|95,870||95,870|
||Current assets||569,872||569,872|
||Creditors|due within one year|(210,783)||(210,783)|
||Creditors|due after one year|(50,000)||(50,000)|
||Provision|for liabilities|(128,269)||(128,269)|
||||535,092||535,092|
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||2021|2020|
|---|---|---|
|Net movement
in funds|225,438|263,549|
|Add: Depreciation|50,481|48,297|
|Add: Amortisation|122,123|168,237|
|Increase in stocks|(1,702)|(843)|
|Decrease in debtors|6,097|13,384|
|Increase in creditors|6,149|89,689|
||408,586|582,313|
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