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2020-07-31-accounts
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
Funds |
Funds |
2020 |
2019 |
|
Xote |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Investment income |
|
1.416 |
|
1.416 |
6.366 |
| Charitable activitie |
2 |
2.583.962 |
48.415 |
2.632.37 |
3.62.23 |
| Profit on saleoffixedassets |
4 |
238.3 4 |
|
23.3 4 |
|
| Total incoming resources |
|
2.823. 52 |
48.415 |
2.82.16 |
3.68.603 |
| Expenditureon: |
|
|
|
|
|
| Charitable activities |
|
3.03.819 |
4.415 |
3.0 6.234 |
4.184.383 |
| Totalexpenditure |
3 |
3.03.819 |
48.415 |
3.086.234 |
4.184.383 |
| :\et expenditure |
4 |
(214.06 ) |
|
(214.06) |
(415.80) |
| Net movement in funds |
|
(214.067) |
|
(214.06) |
(415.80) |
| Reconciliation of funds |
|
|
|
|
|
| Total funds broughtforward |
|
1.263.324 |
|
1.263.324 |
1.69.104 |
| Totalfundscarried forward |
|
1.049.25 |
|
1.049.25 |
1.263.324 |
|
|
2020 |
|
2019 |
|
|
Xote |
£ |
£ |
£ |
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
7 |
|
1,917,879 |
|
2,119560 |
|
|
|
1,917.879 |
|
|
| Currentassets |
|
|
|
|
|
| Debtors |
8 |
194.044 |
|
2ï4,502 |
|
| Cashatbankand inhand |
|
692,968 |
|
608,359 |
|
|
|
887,012 |
|
882,861 |
|
| Liabilities |
|
|
|
|
|
| Creditors:amountsfalling dueWithinone year |
9 |
0.168,215) |
|
(1.085.490) |
|
| :Xetcurrentliabilities |
|
|
(281.203) |
|
(202,629) |
| Totalassets lesscurrent liabilities |
|
|
1.636.676 |
|
1,916,931 |
| Creditors:amounts fallingdueafteroneyear |
ID |
|
(587.419) |
|
(653,607) |
| l"etassets |
|
|
1,049,257 |
|
1,263.324 |
| Funds |
|
|
|
|
|
| Unrestrictedfunds |
|
|
|
|
|
| Designatedfunds |
1213 |
|
1,267.268 |
|
1.406.518 |
| General funds |
1113 |
|
(21S,OIl) |
|
(143.194) |
|
|
|
1,049,257 |
|
1,263,324 |
| Restrictedfunds |
p13 |
|
|
|
|
| Totalcharityfunds |
|
|
1.049,257 |
|
1,263,324 |
|
|
**2020 ** |
**2019 ** |
|
Notes |
£ |
£ |
| Net cash flows from operating activities |
16 |
(193,220) |
(214635) |
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Interest received |
|
1,416 |
6,365 |
| Interest paid |
|
(26,656) |
(19,289) |
| Payments to acquire tangible fixed assets |
|
(15,652) |
(28,821) |
| Proceeds from saleoftangible fixed assets |
|
381,154 |
|
| NET CASH USED IN INVESTING ACTIVITIES |
|
340,262 |
(41,745) |
| TAXATION |
|
|
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
| Repaymentofbank loans |
|
(62,433) |
(56,076) |
| Repaymentoffinance leases |
|
|
|
| NET CASH (USEDIN)FINANCING ACTIVITIES |
|
(62,433) |
(56,076) |
| CHANGE IN CASH AND CASH EQUIVALENTS IN THE |
|
|
|
| REPORTING PERlOD |
|
84,609 |
(312,456) |
| CASH AND CASH EQUIV ALENfS AT THE BEGINNING |
|
|
|
| OFTHEYEAR |
|
608,359 |
920,815 |
| CASH AND CASH EQUIVALENTS AT THE END |
|
|
|
| OF THE YEAR |
|
692,968 |
608,359 |
| Freehold and long leasehold property |
2% straight line |
| Office furniture and fittings |
33.3% straight line |
| Computer equipment |
33.3%straight line |
| Motor vehicles |
33.3% straight line |
|
|
|
2020 |
2019 |
|
Restricted |
Unrestricted |
Total |
Total |
|
£ |
£ |
£ |
£ |
| Education&Skills Funding Agency |
|
2,196,034 |
2,196,034 |
3,310,626 |
| 24-1oans |
|
3,176 |
3,176 |
1,691 |
| Schools exclusion and other contract income |
|
|
|
4,800 |
| Revenue fromnursery,Bistroand Upstream |
|
99,880 |
99,880 |
137,918 |
| CityofSunderland -NurseryGrants |
|
124,560 |
124,560 |
87,317 |
| CityofSunderland-Other Grants |
5,567 |
|
5,567 |
1,000 |
| CityofSunderland-HigheedsElement 3 |
|
117,482 |
117,482 |
93,374 |
| CityofSunderland-Hetton SIB |
42,748 |
|
42,748 |
45,210 |
| DWP-Journey 2 Employment |
|
|
|
4,346 |
| Apprenticeship Co-investment |
|
415 |
415 |
lO169 |
| InsuranceProceeds |
|
800 |
800 |
5,987 |
| Bank Interest |
|
1,416 |
1,416 |
3,674 |
| Fundraising andDonations |
|
2,949 |
2,949 |
2,739 |
| Vulnerableand otherbursaries |
|
30,550 |
30,550 |
48,517 |
| Otherincome |
|
5,906 |
5,906 |
6,695 |
| Other Grants |
100 |
2,210 |
2,310 |
1,848 |
| Rent |
|
|
|
2,692 |
| Total |
48,415 |
2,585,378 |
2,633,793 |
3,768,603 |
|
Training |
|
|
|
|
& |
|
|
|
|
education |
Governance |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Staff costs (Note5) |
1,644 316 |
|
1,644,316 |
1,838,767 |
| Secondment and Assessors(agency |
|
|
|
|
| costs) |
63,730 |
|
63,730 |
111,586 |
| Traineeallowances |
77,670 |
|
77,670 |
87,988 |
| Vulnerable and OtherBursaries |
20,362 |
|
20,362 |
18,924 |
| Premises costs |
243,936 |
|
243,936 |
384,420 |
| Travel and subsistence |
38,124 |
|
38,124 |
75,832 |
| Training costs and staff training |
79,125 |
|
79,125 |
116,238 |
| Health&Safety |
34659 |
|
34,659 |
42,534 |
| Materials&equipment |
97,920 |
|
97,920 |
89,814 |
| Professional services |
74,987 |
11,875 |
86,862 |
107,286 |
| Interestpayable |
26656 |
|
26,656 |
19,289 |
| Irrecoverable V A T |
71,398 |
|
71,398 |
102,221 |
| Sub-contractor costs |
492,592 |
|
492,592 |
1,086,359 |
| Marketing |
25,543 |
|
25,543 |
34,497 |
| Depreciation |
74,553 |
|
74,553 |
70,458 |
| Grantpayable to SIB partner |
8,915 |
|
8,915 |
9,650 |
| Bad debts |
|
|
|
15,000 |
| Other |
(I2?) |
|
(127) |
(26,480) |
| Total resources expended |
3,074,359 |
11,875 |
3,086,234 |
4,184,383 |
| This is stated aftercharging: |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Depreciation-owned assets |
74,553 |
70,458 |
| Profit ondisposaloffixed assets |
238,374 |
|
| Interest payable |
|
|
•
loan interest |
26,656 |
19,289 |
| Operating leaserentals: |
|
|
•
property |
55,996 |
53,867 |
| Auditors' remuneration |
|
|
•
RSM UK Audit LLP |
11,875 |
13,000 |
| affcostsand numbers |
|
|
| Staffcosts were asfollows: |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Salaries and wages |
1,496,345 |
1,667,118 |
| Social security costs |
102,439 |
112,712 |
| Pension contnbutions |
43,136 |
40,490 |
| Agency costs |
63,730 |
111,586 |
| Recruitment costs |
1,165 |
148 |
| Redundancy costs |
1,231 |
18,148 |
|
1,708,046 |
1950,202 |
| No employee earned more than£60,000 during theyear. |
|
|
| The average numberofemployees during theyear was asfollows: |
|
|
|
2020 |
2019 |
|
No. |
o. |
| Training & education |
82 |
82 |
| Apprentices |
6 |
Il |
|
88 |
93 |
|
Freehold and |
|
Office |
|
|
|
long leasehold |
Computer |
furniture and |
Motor |
|
|
property |
equipment |
fittings |
vehicles |
Total |
|
£ |
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
|
| At thestartofthe year |
3,042720 |
253,720 |
364,074 |
82,792 |
3,743,306 |
| Additions in year |
|
12,485 |
3167 |
|
15,652 |
| Disposa.1s in year |
(199,591) |
|
|
|
(199,591) |
| At the endofthe year |
2,843,129 |
266,205 |
367,241 |
82,792 |
3,559,367 |
| Depreciation |
|
|
|
|
|
| At thestartofthe year |
942,373 |
240,507 |
364,074 |
76,972 |
1,623,746 |
| Charge for the year |
59,729 |
10,768 |
1,056 |
3,000 |
74,553 |
| Disposa.1s in year |
(56,811) |
|
|
|
(56,811) |
| At the endofthe year |
945,291 |
251,275 |
365,130 |
79,792 |
1,641,488 |
| Netbookvalue |
|
|
|
|
|
| Attheend oftheyear |
1,897,838 |
14,930 |
2,111 |
3,000 |
1,917,879 |
| At the startofthe year |
2,100,347 |
13,214 |
|
6,000 |
2,119,560 |
|
2020 |
2019 |
|
£ |
£ |
| Debtorsfalling duewithinoneyear |
|
|
| Trade Debtors |
105,000 |
144 976 |
| Other Debtors |
25,395 |
76,407 |
| Prepayments |
63,649 |
53,119 |
|
194,044 |
274,502 |
| reditors:amountsduewithinoneyear |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Bank loan - repayable within one year |
63,192 |
59,437 |
| Other creditors |
1,057,396 |
973,603 |
| Social Security and Other Taxes |
47,627 |
52,450 |
|
1,168,215 |
1,085,490 |
|
|
2020 |
2019 |
|
|
£ |
£ |
| Bank loan |
|
|
|
|
repayable within one to two years |
65,820 |
62,628 |
|
repayable within two to five years |
216,606 |
282,426 |
|
repayable over five years |
304,993 |
308,553 |
|
|
587,419 |
653,607 |
|
2020 |
2019 |
|
£ |
£ |
| Financialassets |
|
|
| Debt instruments measured at amortisedcost: |
|
|
| TradeDebtors |
105,000 |
144,976 |
| OtherDebtors |
25,395 |
76,407 |
| Total |
130,395 |
221,383 |
| Financialliabilities |
|
|
| Measuredat amortisedcost |
|
|
| Bank loans |
650,611 |
713,044 |
| Other Creditors |
1,116,833 |
973,603 |
| Total |
1,767,444 |
1,686,647 |
|
At the start |
Incoming |
Outgoing |
|
Attheend |
|
ofthe year |
resources |
resources |
Transfers |
oftheyear |
|
£ |
£ |
£ |
£ |
£ |
| Designated funds: |
|
|
|
|
|
| FixedAssetFund |
1,406,516 |
|
(101,209) |
(38,039) |
1,267,268 |
| Total designated funds |
1,406,516 |
|
(101,209) |
(38,039) |
1,267,268 |
| Summary of Funds |
|
|
|
|
|
| Designated Funds |
1,406,516 |
|
(101,209) |
(38,039) |
1,267,268 |
| General Funds |
(143,192) |
2,823,752 |
(2,936,610) |
38,039 |
{218,Oll) |
|
1,263,324 |
2,823,752 |
(3,037,819) |
|
1,049,257 |
| Restricted Funds |
|
48,415 |
(48,415) |
|
|
|
1,263,324 |
2,872,167 |
(3,086,234) |
|
1,049,257 |
|
|
|
|
|
Attheend |
|
At the start |
Incoming |
Outgoing |
|
of the |
|
ofthe year |
resources |
resources |
Transfers |
year |
|
£ |
£ |
£ |
£ |
£ |
| Designatedfunds: |
|
|
|
|
|
| FixedAssetFund |
1,392,078 |
|
(89,747) |
104,185 |
1,406,516 |
| Total designatedfunds |
1,392,078 |
|
(89,747) |
104,185 |
1,406,516 |
| Summary ofFunds |
|
|
|
|
|
| Designated Funds |
1,392,078 |
|
(89,747) |
104,185 |
1,406,516 |
| General Funds |
287,026 |
3,762,408 |
{4,064,957) |
{104,185) |
{ll9,708~ |
|
1,679,104 |
|
|
|
|
| Restricted Funds |
|
6,194 |
(6,194) |
|
|
|
1,679,104 |
3,768,602 |
(4,160,898) |
|
1,286,808 |
|
|
Designated |
Restricted |
General |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
£ |
£ |
£ |
£ |
|
Tangible fixed assets |
1,917,879 |
|
|
1,917,879 |
|
Net current liabilities |
(63,192) |
|
(218,011) |
(281,203) |
|
Long-term liabilities |
(587,419) |
|
|
(587,419) |
|
Net assetsat theend of theyear |
1;1.67;1.68 |
|
(218,011) |
1,049,257 |
|
Yearended 31July 2019 |
|
|
|
|
|
|
Designated |
Restricted |
General |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
£ |
£ |
£ |
£ |
|
Tangible fixed assets |
2,119560 |
|
|
2,119,560 |
|
Net current liabilities |
(59,435) |
|
(143,194) |
(202,629) |
|
Long-term liabilities |
(653,607) |
|
|
(653,607) |
|
Net assetsatthe end of the year |
1,406,518 |
|
(143,193) |
1,263,324 |
| 14 |
Other financialcommitments |
|
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
|
£ |
£ |
|
Operating leases whichexpire: |
|
|
|
|
|
Within one year |
|
|
35,000 |
35,000 |
|
Within one to two years |
|
|
|
|
|
Within two to five years |
|
|
|
|
|
|
|
|
35,000 |
35,000 |
|
2020 |
2019 |
|
£ |
£ |
| Net(outgoing)/incoming resources |
(214,067) |
(415,779) |
| Interestreceivable |
(1,416) |
(6,365) |
| Interest payable |
26,656 |
19,289 |
| Depreciation |
74,553 |
70,458 |
| Profit ondisposaloffixed assets |
(238,374) |
|
| Decrease in debtors |
80,458 |
189,223 |
| Decrease!(Increase) in creditors |
78,970 |
(71,461) |
| Net cashinflow from operatingactivities |
(193,220) |
(214,635) |