| Page | ||
|---|---|---|
| Reference and administrative | details ofthe charity, its trustees and advisers | |
| Trustees' report |
2-6 | |
| Independent auditors' report |
7-10 | |
| Consolidated statement offinancial activities |
||
| Consolidated balance sheet |
12-13 | |
| Company balance sheet |
14-15 | |
| Notes to the financial statements | 16-37 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Note | 8 | 8 | 5 | |||
| INCOME FROM: | ||||||
| Charitable activities |
2 | 372,476 | 372,476 | 466,657 | ||
| Investments Other income - Grants |
3 | 38,959 1818310 |
~7487 | 38,959 1 033797 |
39,030 t 544886 |
|
| TOTAL INCOME | 2 229 745 | ~582 | 2 245232 | 2052 572 | ||
| EXPENDITURE ON: | ||||||
| Charitable activities |
5 | 2096020 | 12575 | 24~00 u | 2013045 | |
| TOTAL EXPENDITURE | 2D05820 | ~4575 | 2 4~08 92~t3 045 | |||
| NET INCOME/(EXPENDITURE) | AND NET | |||||
| MOVEMENT IN FUNDS FOR THE YEAR |
133,925 | 2,912 | 136,837 | 39,527 | ||
| RECONCILIATION OF FUNDS: |
||||||
| Total funds brought forward |
2155510 | 2D0516 | 2365034 | 2325507 | ||
| TOTAL FUNDS CARRIED FORWARD | ~8L443-~428-~M~ | ~66~34 |
| Note | 2021f | 2020f | ||||
|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||
| Intangible assets | (331,563j | (331,563) | ||||
| Tangible assets | 11 | 2,187,766 | 2,295,933 | |||
| Investment property |
12 | 331 553 | 331 563 | |||
| Total tangible assets | 2519329 | 2 tl22 405 | ||||
| 2,187,766 | 2,295,933 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 14 | 248,682 | 226,563 | |||
| Cash at bank and | in hand | 914616 | 224 003 | |||
| 1,163,288 | 950,556 | |||||
| CREDITORS: amounts one year |
falling due within 15 |
~28 456 | 297967 | |||
| NET CURRENT ASSETS | 880 842 | 652 592 | ||||
| TOTAL ASSETS | LESS | CURRENT LIABILITIES | 3,068,608 | 2,948,532 | ||
| CREDITORS: amounts | falling due after | |||||
| more than one year | 16 | 566,737 | 583,498 | |||
| NET ASSETS | ||||||
| CHARITY FUNDS | ||||||
| Restricted funds | 17a | 212,428 | 209,516 | |||
| Unrestricted funds |
17a | ~289443 | 2 1555t8 | |||
| TOTAL FUNDS | ~23 5JI3dl |
| CHARITABLE ACTIVITIES | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2020 | |
| 5 | 5 | E | ||
| Annual fees | 141,441 | 141,441 | 185,469 | |
| Course fees 8 services | 231,035 | 231,035 | 283,188 | |
| INVESTMENT INCOME | ||||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2020 | |
| 5 | ||||
| Rent receivable | 38,948 | 38,948 | 38,912 | |
| Bank interest receivable | 11 | 11 | 118 |
| Total | Total | ||||
|---|---|---|---|---|---|
| 2021 | 2020f | ||||
| Auditor's | remuneration | —audit fee | 3,250 | 2,250 | |
| Depreciation | on land | and buildings | 43,549 | 37,106 |
| Total | Total | ||
|---|---|---|---|
| 2021 | 2020 | ||
| 6 | |||
| Course fees and services Revenue expenditure College fees and subcontract Staif training Staff welfare Wages and salaries (inc. Nl) Staff pension costs defined contdbution Rates Cleaning Power, light and heat Property repairs and maintenance Premises insurance Equipment repairs Leasing —equipment Computer running costs Leasing - motor vehicles Motor running expenses Subscriptions and donations Legal and professional fees Accountancy Audit fees for subsidiary Bank charges Bad and doubtful debts |
41,262 39,872 57,614 1 333 22,079 1,317,717 147,069 8,809 32,843 16,383 15,180 12,226 13,234 49,785 60,422 7,568 19,525 2,586 11,491 2,020 4,000 17,582 186 |
91,580 18,622 28,083 6,749 19,241 1,249,544 112,242 7,427 26,907 17,701 10,524 11,442 6,412 36,903 57,311 15,270 25,214 3,804 46,198 2,465 3,900 7,261 |
|
| Printing and stationery Advertising Telecommunications Sundry expenses Recruitment costs Depreciation of Fixtures, Fittings and E Depreciation ofPlant & Machinery Governance costs (see note 4) |
quipment | 7,088 9,629 10,694 11,261 55,011 67,127 46,799 |
8,181 8,313 8,932 8,486 30,000 57,111 47,866 39,356 |
All turnover arose within the United Kingdom. |
. | ||
|---|---|---|---|
| Total | Tote/ | ||
| 2021 | 2020 | ||
| 6 | E | ||
| Income from annual subscription fees received Income from apprenticeship course fees &other consulting ESFA grants Rent receivable Bank interest receivable Other grants received —unrestricted |
services | 141,441 231,035 1,808,710 38,948 11 9,600 |
185,469 283,188 1,506,021 38,912 118 14,400 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | ||||
| Depreciation oftangible fixed assets Operating Lease charge for the year |
165,687 57,353 |
142,083 52,173 |
| Staff c | osts were as follows: | ||
|---|---|---|---|
| 2021f | 2020 | ||
| Wages Social |
and salaries security costs |
1,199,429 118,288 |
1,125,046 124,498 |
| Other | pension costs | 147,069 | 112,242 |
| ~Slue | ~361786 |
| 2021 | 2020 |
|---|---|
| No. | No. |
| 28 | 28 |
| 2021 | 2020 |
|---|---|
| No. | No. |
| Fixtures, | ||||||
|---|---|---|---|---|---|---|
| Freehold | Plant and | fittings and | ||||
| property | machinery | equipment | Total | |||
| Group | E | 6 | 6 | |||
| Cost | ||||||
| At 1 August | 2020 | 2,329,887 | 458,946 | 512,555 | 3,301,388 | |
| Additions Dispcsals |
2,801 | 3,782 - |
50,937 ~280 |
57,520 ~288 |
||
| At 31 July 2021 | 2332688462728 | 563204 | 3358620 | |||
| Depreciation | ||||||
| At 1 August Charged for Depreciation |
2020 the year eliminated |
on disposals | 418,439 43,549 |
263,278 57,829 |
323,738 64,309 ~208 |
1,005,455 165,687 ~2 |
| At 31 July 2021 | 401 088 | 321 107 | 387759 | I 170804 | ||
| Net book value | ||||||
| At 31 July 2021 | ||||||
| At 31Ju/y 2020 | 01144 | III5688 | ~108 | ~05033 |
| Company | Fixtures, | |||
| Freehold | Plant and | fittings and | ||
| property 6 |
machinery 8 |
equipment 6 |
Total 6 |
|
| Cost | ||||
| At 1 August 2020 Additions Dlsposals |
2,329,887 2,801 |
458,946 3,782 |
330,808 28,115 |
3,119,641 34,698 |
| At 31 July 2021 | ~232 688 | ~462 72 | 358 923 | 3 16403$ |
| Depreciation | ||||
| At 1 August 2020 Charged for the year Disposals |
418,439 43,549 |
263,278 57,829 |
166,148 47,822 |
847,865 149,200 |
| At 31 July 2021 | 461 986 | 321 137 | ~27 676 |
997065 |
| Net book value | ||||
| At 31 July 2021 | ||||
| At31 Ju/y2020 | ~448 | ~84L68 | ~16669 | 2~tt6 |
| NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | ||||
|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31JULY 2021 | |||||
| 12. | INVESTMENT PROPERTY | ||||
| Freehold | |||||
| investment | |||||
| property | |||||
| Group | |||||
| Cost | |||||
| At 1 August2020 | and | 31 July | 2021 | ||
| Freehold | |||||
| investment | |||||
| property | |||||
| Company | K | ||||
| Cost | |||||
| At1 August 2020 | and | 31 July | 2021 |
| Company | |
|---|---|
| Cost | |
| At 1 August 2020 and 31 July 2021 | |
| Carrying | amount |
| At 31 July | 2021 and 31 July 2020 |
| The summary financial performa |
nce ofth |
e subsidiary alon |
e is: | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| 6 | 6 | |||
| Fees and services | 394,514 | 441,145 | ||
| ESFA Grants | 1,808,710 | 1,506,021 | ||
| Cost ofsales and administration Interest payable |
costs | (1,887,914) ~3300 |
(1,750,019) ~4060 |
|
| Net profit/(loss) | 312,010 | 193,079 | ||
| Payment under gift aid to parent |
undertaking | (126,243) | ||
| Retained in subsidiary |
~IS@07 | ~t03 7 |
||
| The assets and liabilities ofthe | subsidiary | were: | ||
| Total assets Total liabilities |
701,769 ~377740 |
513,031 ~374709 |
||
| Total net assets | ||||
| Aggregate share capital and reserves |
| DEBTORS | ||||||||
|---|---|---|---|---|---|---|---|---|
| Grou | Com | an | ||||||
| 2021 E |
2020f | 2021 K |
2020 | |||||
| Trade debtors | 156,389 | 164,203 | ||||||
| Amounts owed |
by subsidiary | |||||||
| undertakings | 126,501 | 121,765 | ||||||
| Other debtors | 3,165 | 1,508 | ||||||
| Prepayments | and accrued income | 89,128 | 62,360 | 960 | 943 | |||
| ~44882. | 22tf~~m1 | ~m21ft | ||||||
| CREDITORS: | ||||||||
| Amounts falling due |
within one year | |||||||
| Grou | Com | an | ||||||
| 2021 | 2020 | 2021 | 2020 | |||||
| 8 | 8 | 5 | ||||||
| Bank loans and overdrafts | 15,621 | 15,621 | 15,621 | 15,621 | ||||
| Trade creditors | 20,422 | 84,590 | 21,539 | |||||
| Other taxation | and social security | 29,542 | 38,811 | |||||
| Other creditors | 54,934 | 15,198 | ||||||
| Accruals and deferred | income | 161,937 | 143,747 | 15,596 | 9,311 | |||
| ~8~6.~27&IIZ | ~21' | 46471 |
| Group | Company | |||
|---|---|---|---|---|
| Balance | as at 1 August 2020 | 67,034 | ||
| Amount | released to income earned from charitable | activities | (67,034) | |
| Amount | deferred in the year |
45198 | ||
| Balance | as at 31 July 2021 | 45 198 |
| Amou | nts f |
allin | g due after more | than one year | |||
|---|---|---|---|---|---|---|---|
| Grou | Com an |
||||||
| 2021 E |
2020f | 2021 K |
2020 | ||||
| Bank | loans | and | overdrafts | 566,737 | 583,498 | 566,737 | 583,498 |
| ~$$z3?~&8 4$$ | ~$$a$ | ~$$~ |
| Brought | Carried | |||
|---|---|---|---|---|
| Forward | Income | Expenditure | Forward | |
| 1 August | 31July | |||
| 2020 | 2021 | |||
| 8 | ||||
| General funds | 2,155,518 | 2,229,'745 | (2,095,820) | 2,289,443 |
| Restricted funds | 209,516 | 15,487 | (12,575) | 212,428 |
| STATENIENT OF FUNDS (GROUP) - PREVIOUS YEAR | ||||
| Brought | Carried | |||
| Forward | Income | Expenditure | Forward | |
| 1 August | 31July | |||
| 2019 | 2020 | |||
| 5 | ||||
| General funds | 2,127,880 | 2,028,108 | (2,000,470) | 2,155,518 |
| Restricted funds | 197,627 | 24,464 | (12,575) | 209,516 |
| Brought | Carried | |||
|---|---|---|---|---|
| Forward | Income | Expenditure | Forward | |
| 1 August 2020 |
31July 2021 |
|||
| 5 | 6 | |||
| General funds Restricted funds |
2,017,357 209,516 |
2,046,811 15,487 |
(2,098,654) (12,575) |
1,965,514 212,428 |
| Brought | Carried | |||
|---|---|---|---|---|
| Forward | Income | Expenditure | Forward | |
| 1August 2019 |
31July 2020 |
|||
| 6 | 6 | |||
| General funds Restricted funds |
2,182,797 197,627 |
1,623,521 24,464 |
(1,788,961) (12,575) |
2,017,357 209,516 |
| ANALYSI | S OF NE | T ASSETS BETWEEN FUNDS | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2021 | 2021 | 2021 | |||
| E | K | E | |||
| Intangible fixed assets Tangible fixed assets |
(331,563) 1,975,338 |
212,428 | (331,563) 2,187,766 |
||
| Investment | property | 331,563 | 331,563 | ||
| Current assets | 1,163,298 | 1,163,298 | |||
| Creditors Creditors |
amounts amounts |
falling due within one year falling due after more than one year |
(282,456) (566,737) |
(282,456) (566,737) |
| ANALYSI | S OF NE | T ASSETS BETWEEN FUNDS - PREVI | OUS YEAR | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2020 f |
2020 E |
2020 f |
|||
| Intangible | fixed assets | (331,563) | (331,563) | ||
| Tangible fixed assets | 2,086,417 | 209,516 | 2,295,933 | ||
| Investment | property | 331,563 | 331,563 | ||
| Current assets | 950,566 | 950,566 | |||
| Creditors Creditors |
due within amounts |
one year falling due after more than one year |
(297,967) (583,498) |
(297,967) (583,498) |
| ACCOUNT FOR T | HE YEAR ENDED 31JULY 20 | 20 | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2020f | 2020f | 2020 | |||
| INCOME FROM: | |||||
| Charitable activities |
468,657 | 468,657 | |||
| Investments | 39,030 | 39,030 | |||
| Other income - ESFA Grants | 1 520421 | 24 | 464 | 1 544885 | |
| TOTAL INCOME | 2 028 108 | 24 | 464 | 2052572 | |
| EXPENDITURE ON: | |||||
| Charitable activities |
2 000470 | 12 | ~75 | 2013045 | |
| TOTAL EXPENDITURE | |||||
| ~200047 | 12 | 575 | 2013045 | ||
| NET INCONIE I(EXPENDITURE) AND NET | |||||
| MOVEMENT IN FUNDS FOR THE YEAR |
27,638 | 11,889 | 39,527 | ||
| RECONCILIATION | OF FUNDS: | ||||
| Total funds brought | forward | ~&77't2& | ~2K5QZ | ||
| TOTAL FUNDS CARRIED FORWARD | 2 166$LR | ~00 | 1 | ~265635 |