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|John Gilleard FCA|
|---|
|Senior Statutory Auditor|
|For and on behalf ofDutton Moore|
|Chartered
Accountants|
|Statutory Auditor|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||Note|Funds|Funds|2020|2019|
|Income||||||||
|Donations,
Grants
and Sundry Income|||5(a)|209,013||209,013|23,435|
|Investment
Income|||5(a)|1,399||1,399|2,861|
|||||210,412||210,412|26,296|
|Income from Charitable|Activities:|||||||
|Provision ofsurvival
and||safety courses|5(b)|1,540,023||1,540,023|2,002,336|
|Total Income||||f1,750,435||81,750,435|f2,028,632|
|Expenditure||||||||
|Expenditure
on Charitable||Activities||||||
|Provision ofsurvival
and||safety courses|8(a)|1,920,798||1,920,798|2,114,799|
|Total Expenditure||||81,920,798||f.1,920,798|f2,114,799|
|Net Income/(Expenditure)||for the year||(170,363)||(170,363)|(86,167)|
|Transfers between
funds|||19|||||
|Net Movement
in funds||||(170,363)||(170,363)|(86,167)|
|Reconciliation offunds||||||||
|Total Funds, brought
forward||||||||
|at ln January, 2020||||679,221||679,221|765,388|
|Total Funds, carried forward||||||||
|at 31"December, 2020||||f508,858||f508,858|f679,221|
##
##
|||Notes|2020||2019||
|---|---|---|---|---|---|---|
|Turnover||Sb||1,540,023||2,003,896|
|Less Cost ofCourse|Fees|||(1,094,608)||(1,223,668)|
|Gross Surplus||||445,415||780,228|
|Less Administrative|Expenses||402,400||435,267||
|Establishment|Charges||355,582||385,274||
|Financial Charges|||20,735||24,543||
|Depreciation|||47,459||46,043||
|Deficit on Sale|ofFixed Assets||14|(826,190)|4|(891,131)|
|||||(380,775)||(110,903)|
|Add Other Operating|Income|||209,013||21,875|
|Operating
Surplus||6||(171,762)||(89,028)|
|Add Interest Receivable||5(a)||1,399||2,861|
|Deficit on Ordinary|Activities for the year|||f,(170,363)||I(86,167)|
##
##
||BALANCE|SHEET AS|AT31"DECEM|BER, 2020||
|---|---|---|---|---|---|
|||Notes|2020||2019|
|FIXEDASSETS||||||
|Tangible Assets||11/12||302,797|327,174|
|CURRENT ASSETS||||||
|Debtors||14|309,854||307,172|
|Cash at Bank and in Hand|||393,281||344,909|
||||703,135||652,081|
|CREDITORS: amounts|falling due|||||
|within one year||15|(497,074)||(300,034)|
|Net Current Assets||||206,061|352,047|
|Total Assets less Current|Liabilities|||4508,858|f679,221|
|RESERVES||||||
|Unrestricted
Income Funds||9||508,858|679,221|
|Restricted Funds||10||||
|||||f508,858|f679,221|
##
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##
||||Notes|2020||2019|
|---|---|---|---|---|---|---|
|Cash generated
by/(used|in)||||||
|operating
activities|||20|70,069||(9,162)|
|Cash flows from investing|activities||||||
|Interest received||||1,399|2,861||
|Purchase oftangible
fixed|assets|||(23,096)|(93,352)||
|Receipts from sales oftangible assets|||||||
|Cash used in investing
activities||||(21,697)||(90,491)|
|Cash flows from financing|activities||||||
|Increase/(decrease)
in cash|and cash||||||
|equivalents
in the year||||48,372||(99,653)|
|Cash and cash equivalents|at &e||||||
|beginning ofthe year||||344,909||444,562|
|Total cash and cash equivalents||at|||||
|the end ofthe year|||21|f393,281||F344,909|
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|||NOTES TO THE ACCOUNTS|NOTES TO THE ACCOUNTS|NOTES TO THE ACCOUNTS|NOTES TO THE ACCOUNTS|(CONTINUED)|||
|---|---|---|---|---|---|---|---|---|
|5.a)|Analysis ofDonations,|Grants and Sundry Income|||||2020|2019|
||Grants receivable|||||||1,560|
||Coronavirus job retention||scheme grants receivable||||209,013||
||Donations|||||||20,000|
||Insurance
claims|||||||1,875|
||||||||f209,013|f23,435|
||Investment
Income||||||||
||Bank interest receivable||||||f1,399|K2,861|
||All ofthe above income||for|2020 and 2019|is unrestricted|fund income.|||
|5.b)|Income from Charitable||Activities||||2020|2019|
||Activity||||||||
||Offshore and Standby Vessel||||||||
||Training (OPITO approved)||||||514,695|680,171|
||STCW (Maritime)||||||403,653|307,476|
||COMPEX and Electrical||||||233,246|256,319|
||Emergency
Response||||||169,055|394,520|
||Management/Technical|and||Specialist|||13,773|26,628|
||First Aid &Medical Courses||||||23,820|44,591|
||Other Survival
and Firefighting||||||16,543|24,708|
||Miscellaneous||||||9,977|4,213|
||Renewables||||||155,261|263,710|
||||||||f1,540,023|f2,002,336|
||All ofthe above income||for|2020 and 2019|is unrestricted|fund income.|||
|6.|Operating
Surplus
is stated|||after charging|the following|items;|||
||Depreciation||||||f47,459|f46,043|
||Auditors'
Remuneration||||||f5,750|f5,750|
||Operating
Lease Rentals||—|Land and Buildings|||f142,702|8142,476|
|||||Other Equipment|||K6,902|f6,843|
|7.|Staff Costs||||||||
||Training Staff Salaries||||||694,522|686,510|
||Office Salaries||||||255,070|268,611|
||Employer's
NIC||||||82,981|86,105|
||Pension Scheme Contributions||||||40,722|39,468|
||Other Staffing Costs||||||15,742|21,168|
||||||||$1,089,037|Z1,101,862|
##
##
|Staff Costs (continued)||||||||
|---|---|---|---|---|---|---|---|
|||||||2020No.|2019No.|
|Number ofstaff accruing||benefits under||money||||
|purchase
pension scheme||||||31|31|
|The average monthly
number|||ofemployees||during|||
|the year was made up as||follows:||||||
|Survival
Training|Staff|||||29|29|
|Office||||||9|10|
||||||||39|
|Average full time equivalent|||employee|numbers||||
|were as follows:||||||||
|Survival
Training|Staff|||||23.11|24.93|
|Office||||||8.01|8.30|
|||||||31.12|33.23|
##
##
|Direct Charitable
Ex|penditure
(Training Se|rvices):|||
|---|---|---|---|---|
|||Direct Costs|Support Costs|Total|
|Activity|||(8.b)||
|Offshore
and Standby Vessel Training|||||
|(OPITO approved)||559,286|82,670|641,956|
|STCW (Maritime)||438,621|64,835|503,456|
|COMPEX and Electrical||253,453|37,464|290,917|
|Emergency
Response||183,701|27,154|210,855|
|Management/Technical|and Specialist|14,966|2,212|17,178|
|First Aid and Medical Courses||25,884|3,826|29,710|
|Other Survival
and Fire|Fighting|17,976|2,657|20,633|
|Miscellaneous||10,841|1,602|12,443|
|Renewables||168,712|24,938|193,650|
|||11,673,440|$247,358|f.1,920,798|
##
##
##
|.b)
Analysis ofSupport|Costs||||||
|---|---|---|---|---|---|---|
||||||Other Admin||
||||||Costs (incl.||
|||Staffing||IT|Governance||
|||Costs|Communications|Computers|Costs)|Total|
|Activity|||||||
|Offshore and Standby Vessel|||||||
|Training (OPITO approved)||49,252|2,664|6,925|23,829|82,670|
|STCW (Maritime)||38,626|2,090|5,431|18,688|64,835|
|COMPEX and Electrical||22,320|1,207|3,138|10,799|37,464|
|Emergency
Response||16,177|875|2,275|7,827|27,154|
|Management/Technical|and Specialist|1,318|71|185|638|2,212|
|First Aid and Medical Courses||2,279|123|320|1,103|3,825|
|Other Survival
and Fire|Fighting|1,583|86|223|766|2,658|
|Miscellaneous||954|52|134|462|1,602|
|Renewables||14,857|804|2,089|7,188|24,938|
|||f147,366|Z7,972|f20,720|f71,300|f247,358|
##
|||||||||
|---|---|---|---|---|---|---|---|
|8.c)|Governa|nce
Costs||||2020|2019|
||Auditors|remuneration||||5,750|5,750|
||Consultancy
and professional||fees|||4,939|4,993|
|||||||f10,689|f10,743|
||Support|costs have been apportioned||according|to the proportion|ofeach separate training|stream to total|
||income.|||||||
|9.|Reconciliation
ofMovements||in Unrestricted||Income Funds|2020|2019|
||Opening|Funds||||679,221|765,388|
||Income|||||1,750,435|2,028,632|
||Expenditure|||||(1,920,798)|(2,114,799)|
||Transfers|(Note 20)||||||
||Closing|Funds||||f 508,858|f.679,221|
##
##
##
|Reconciliation|of|Movements|in Restricted Income|Funds||2020||2019|
|---|---|---|---|---|---|---|---|---|
|Opening
Funds|||||||||
|Income|||||||||
|Expenditure|||||||||
|Transfers between||Funds (Note|19)||||||
|Closing Funds|||||||||
|Tangible Fixed|Assets —Current year||||||||
||||||Fixtures,||||
||||Freehold||Fittings||||
||||Land and|Leasehold|and|Motor|||
||||Buildings|Property|Equipment|Vehicle||Total|
|Cost|||||||||
|At la January, 2020|||1,377,518|948,921|1,476,512|8,697||3,811,648|
|Additions|||||23,096||-|23,096|
|Disposals|||||(19,260)||-|(19,260)|
|At31"December,||2020|81,377,518|6948,921|81,480,348|f8,697||83,815,484|
|Depreciation
At I"January 2020|||1,157,563|938,904|1,379,313|8,694||3,484,474|
|Added this Year|||17,492|1,030|28,937||—|47,459|
|Disposals|||||(19,246)||-|(19,246)|
|At 31"December,||2020|81,175,055|f939,934|f1,389,004|f8,694||f3,512,687|
|Net BookValue|||||||||
|At 31"December,||2020|8202,463|88,987|f91,344|f|3|f302,797|
|At 31"Decetnber,||2019|f219,955|f10,017|$97,199|f|3|f327,174|
##
##
##
|Tangible Fixed Assets —Preced|ing year|||||
|---|---|---|---|---|---|
||||Fixtures,|||
||Freehold||Fittings|||
||Land and|Leasehold|and|Motor||
||Buildings|Property|Equipment|Vehicle|Total|
|Cost||||||
|At 1"January, 2019|1,385,904|938,621|1,401,203|8,697|3,734,425|
|Additions|6,309|10,300|76,743||93,352|
|Disposals|(14,695)||(1,434)||(16,129)|
|At 31"December, 2019|f1,377,518|f948,921|f1,476,512|f8,697|f3,811,648|
|Depreciation||||||
|At 1"January 2019|1,154,010|938,410|1,353,442|8,694|3,454,556|
|Added this Year|18,247|494|27,302|-|46,043|
|Disposals|(14,694)|-|(1,431)|-|(16,125)|
|At 31"December, 2019|f1,157,563|f938,904|f1,379,313|f8,694|f3,484,474|
|Net BookValue||||||
|At 31"December, 2019|f219,955|f10,017|f97,199|f.3|f327,174|
|At 31"December, 2018|f231,894|f211|f47,761|f.3|f279,869|
##
##
##
##
|Creditors: Amounts|falling due within one year|2020|2019|
|---|---|---|---|
|Trade Creditors||182,716|171,387|
|Other Taxes||264,800|93,711|
|Other Creditors and|Accruals|49,558|34,936|
|||f497,074|6300,034|
##
##
|||2020|20189|
|---|---|---|---|
|Expiring|within one year|25,208||
|Expiring|in two to five years|260,221|432,368|
|||f285,429|6432,368|
##
##
##
|20.|Reconciliation ofNet Movement|Reconciliation ofNet Movement|in Funds to Net Cash||||
|---|---|---|---|---|---|---|
||Flow from Operating|Activities|||2020|2019|
||Net movement
in funds||||(170,363)|(86,167)|
||Add back depreciation
charge and loss on disposal offixed|||assets|47,473|46,047|
||Decrease/(increase)
in debtors||||(2,682)|38,205|
||Increase/(decrease)
in creditors||||197,040|(4,386)|
||Investment
Income||||(1,399)|(2,861)|
||Exceptional
Item||||||
||||||570,069|K(9,162)|
|21.|Analysis ofChanges
in|Net Funds|||||
||||At
I"January|||At
31December|
|||||2020|Cashflows|2020|
||Cash at bank and in hand||344,909||48,372|393,281|
||Total cash and cash equivalents||||||
||at the end ofthe year||f344,909||f48,372|F393,281|
##
##
##
|||F|O|RTHE|YEAR EN|DED 31"DEC|EMBER, 2020|||
|---|---|---|---|---|---|---|---|---|---|
||||||||2020||2019|
|Course Fees|||||||1,540,023||2,003,896|
|Less Course Fees, including|||Catering,|||||||
|Accommodation||and|Training||Aids|310,114||448,367||
|Training Staff|Salaries|||||781,359||774, 164||
|Fire Ground Maintenance||||Costs||3,135|(1,094,608)|1,137|(1,223,668)|
|Gross Surplus|||||||445,415||780,228|
|Less:||||||||||
|Administration
Expenses||||||||||
|Office Salaries||||||291,971||306,606||
|Other Staffing Costs||||||15,707||21,092||
|Consultancy
and Professional||||Fees||4,939||4,993||
|Telephone||||||6,834||6,667||
|Printing,
Stationery|and|Advertising||||5,041||17,445||
|Postage dc Carriage||||||3,149||4,465||
|Lease ofEquipment||||||6,902||6,843||
|Travelling
Expenses||||||1,215||4,318||
|Motor Expenses||||||3,439||4,750||
|Membership
Fees and Subscriptions||||||6,755||6,677||
|Security/Fire
Protection||||||12,892||13,034||
|Janitorial Expenses||||||35,808||38,064||
|Sundry Expenses||||||7,748|(402,400)|4,251|(439,205)|
|Establishment
Charges||||||||||
|Rent, Rates, Light &Heat||||||220,682||234,423||
|Insurance||||||78,062||76,210||
|Repairs and Renewals||||||56,838|(355,582)|70,703|(381,336)|
|Financial Charges||||||||||
|Audit and Accountancy||||||5,750||5,750||
|Bank Charges||||||13,556||12,253||
|Legal Charges||||||||||
|Bad Debts||||||1,429|(20,735)|6,540|(24,543)|
|Carried forward|||||||(333,302)||(64,856)|
##
##
|||2020|2019|
|---|---|---|---|
|Brought forward||(333,302)|(64,856)|
|Add Other Operating|Income|209,013|21,875|
|Operating
Deficit||(124,289)|(42,981)|
|Add Interest Receivable||1,399|2,861|
|Excess ofExpenditure|over Income|(122,890)|(40,120)|
|Less Deficit on Sale|ofFixed Assets|(14)|(4)|
|Less Depreciation||(47,459)|(46,043)|
|Net Deficit for the Year||f(170,363)|f(86,167)|