##
##
|Trustees||||E Sims|||||
|---|---|---|---|---|---|---|---|---|
|||||D Edwards|||||
|||||P Smith|||||
|||||D Bentley|||||
|||||I Raeside|||||
|||||M Jobson|||||
|||||A Sims|||(Appointed|12 December|
||||||||2019)||
|||||LStephenson|||(Appointed|8 January|
||||||||2020)||
|Secretary||||P Smith|||||
|Chief Executive Officer||||P Williams|||||
|Charity|number|||528635|||||
|Company||number||00926888|||||
|Registered|||office|Hanley Technical|Institute||||
|||||151-153Marsh Street||North|||
|||||Henley|||||
|||||Stoke-on-Trent|||||
|||||Staffs|||||
|||||ST1 5HR|||||
|Independent|||examiner|SJArcher FCA|||||
|||||Geens Limited|||||
|||||Chartered Accountants|||||
|||||68 Liverpool
Road|||||
|||||Stoke on Trent|||||
|||||ST4 1BG|||||
|Bankers||||National
Westminster||Bank pic|||
|||||1 Upper Market Square|||||
|||||Hanley|||||
|||||Stoke-on-Trent|||||
|||||ST1 1NS|||||
|Solicitors||||Freeth Cartwright|LLP||||
|||||Federation
House|||||
|||||Station Road|||||
|||||Stoke on Trent|||||
|||||ST42SA|||||
##
||||Page|
|---|---|---|---|
|Trustees'
report|||1-6|
|Independent
examiner's||report||
|Statement offinancial|activities|||
|Balance sheet|||9-10|
|Statement
of cash flows||||
|Notes to the financial|statements||12-21|
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|||||Unrestricted|Designated|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|||
|||||2020|2020|2020|2019|
||||Notes|E.||||
|Charitable
activities
Investments||||621,951
2,567||621,951
2,567|727,029
1,624|
|Total income||||624,518||624,518|728,653|
|Charitable
activities||||534,635|48,375|583,010|522,614|
|Net incoming|resources|before transfers||89,883|(48,375)|41,508|206,039|
|Gross transfers|between|funds||(118,818)|118,818|||
|Net (expenditure)/income||for the year/||||||
|Net movement|in funds|||(28,935)|70,443|41,508|206,039|
|Fund balances|at 1 September 2019|||174,520|831,835|1,006,355|800,316|
|Fund balances|at 31August 2020|||145,585|902,278|1,047,863|1,006,355|
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||||||2020||2019||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Fixed assets|||||||||
|Tangible assets||||||619,278||578,835|
|Current assets|||||||||
|Debtors|||||47,459||110,850||
|Cash at bank and|in|hand|||422,709||339,641||
||||||470,168||450,491||
|Creditors: amounts||falling|due within||||||
|one year|||||(15,743)||(13,570)||
|Net current assets||||||454,425||436,921|
|Total assets less|current||liabilities|||1,073,703||1,015,756|
|Creditors: amounts
more than one year||falling due after||12||(25,840)||(9,401)|
|Net assets||||||1,047,863||1,006,355|
|Income funds|||||||||
|Unr
tricted funds|||||||||
|Designated
funds|||||902,278||831,835||
|General unrestricted||funds|||145,585||174,520||
|||||||1,047,863||1,006,355|
|||||||1,047,863||1,006,355|
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||||2020||2019||
|---|---|---|---|---|---|---|
|||Notes|||||
|Cash flows from operating
activities|||||||
|Cash generated
from operations||||143,519||231,142|
|Investing
activities|||||||
|Purchase oftangible
fixed assets|||(80,947)||(55,120)||
|Repayment
of investment
loans and|||||||
|receivables|||(1,800)||||
|Interest received|||2,567||1,624||
|Net cash used in investing
activities||||(80,180)||(53,496)|
|Financing
activities|||||||
|Payment
ofobligations
under finance
leases|||19,729||(3,761)||
|Net cash generated
from/(used
financing
activities|in)|||19,729||(3,761)|
|Net increase
in cash and cash|equivalents|||83,068||173,885|
|Cash and cash equivalents
at beginning||ofyear||339,641||165,756|
|Cash and cash equivalents
at|end of|year||422,709||339,641|
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||||Training|Training|and education|
|---|---|---|---|---|---|
||||and|||
||||education|||
||||2020||2019|
||||||F|
|Membership|fees||28,634||30,581|
|Services to managing||agents|324,091||358,441|
|Courses|||47,007||71,909|
|Safety services|||7,224||7,291|
|Enhanced|apprenticeships||2,634||49,893|
|Ace Academy|||212,361||208,414|
|Other Income|||||500|
||||621,951||727,029|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2020|2019|
||F|
|2,567|1,624|
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||||||Training|Training|and|
|---|---|---|---|---|---|---|---|
||||||and|education||
||||||education|||
||||||2020||2019|
|Staff costs|||||428,655|354,420||
|Depreciation
and|impairment||||40,504|30,688||
|Course expenses|(inc NSEG costs)||||16,062|23,368||
|Rent, rates and insurance|||||10,508||9,212|
|Heat, light and water|||||4,235||3,476|
|Minor equipment,|maintenance|||and premises expenses|9,552||8,377|
|Printing,
stationery||and telephone|||9,375||9,931|
|Publicity
(including||website)|||11,008||4,453|
|Motor and travelling||expenses|||7,568|10,414||
|Independent
examiner's|||fees||1,750||1,750|
|Sundry expenses|||||7,998||9,138|
|EAL charges|||||15,378|14,542||
|Subscriptions
and||donations|||3,604||4,773|
|Consultancy
fees|||||||7,060|
|Vehicle leasing|||||1,287||2,512|
|Irrecoverable
VAT|||||8,074||9,862|
|Health and safety|service||expenses||704||1,716|
|Ace Academy expenses|||||5,444||6,285|
|Enhanced
apprenticeships|||expenses||||9,979|
|Hire purchase
interest|||||1,304||658|
||||||583,010|522,614||
|Analysis
by fund||||||||
|Unrestricted
funds|||||534,635|490,051||
|Unrestricted
funds||- designated|||48,375|32,563||
||||||583,010|522,614||
##
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|The average|monthly
number ofemployees
during|the year was:||
|---|---|---|---|
|||2020|2019|
|||Number|Number|
|||14|12|
|Employment|costs|2020|2019|
||||f|
|Wages and salaries||379,695|318,707|
|Social security costs||33,230|26,149|
|Other pension costs||15,730|9,564|
|||428,655|354,420|
##
|Tangible fix|ed assets||||||
|---|---|---|---|---|---|---|
||||Land and|Fixtures, Motor vehicles||Total|
||||buildings|fittings
&|||
|||||equipment|||
|||||f|||
|Cost|||||||
|At 1 September 2019|||479,210|164,198|19,392|662,800|
|Additions|||4,074|46,749|30,124|80,947|
|At 31August|2020||483,284|210,947|49,516|743,747|
|Depreciation|and impairment||||||
|At 1 September 2019|||25,793|51,375|6,797|83,965|
|Depreciation|charged|in the year|6,691|26,629|7,184|40,504|
|At 31August|2020||32,484|78,004|13,981|124,469|
|Carrying
amount|||||||
|At 31August|2020||450,800|132,943|35,535|619,278|
|At 31August|2019||453,417|112,823|12,595|578,835|
##
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|9|Debtors||||
|---|---|---|---|---|
||||2020|2019|
||Amounts
falling due within one year:||||
||Trade debtors||38,056|103,799|
||Other debtors||1,274|465|
||Prepayments|and accrued income|8,129|6,586|
||||47,459|110,850|
##
|Future|minimum|lease payments|due under finance leases:|||
|---|---|---|---|---|---|
|||||2020|2019|
|Within|one year|||7,050|3,760|
|Within|two and|five years||25,840|9,401|
|||||32,890|13,161|
##
|Creditors:|amounts
f|alling due within one year||||
|---|---|---|---|---|---|
|||||2020|2019|
||||Notes|||
|Obligations|under finance leases||10|7,050|3,760|
|Trade creditors||||5,188|7,980|
|Accruals and deferred||income||3,505|1,830|
|||||15,743|13,570|
##
||||||2020|2019|
|---|---|---|---|---|---|---|
|||||Notes|f.||
|Obligations|under|finance|leases|10|25,840|9,401|
##
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##
|||2020|2019|
|---|---|---|---|
|Within one year
Between
two and five years||588|2,103
588|
|||588|2,691|
##
##
|18|Cash generated
from|operations||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||F||
||Surplus for the year|||||41,508|206,039|
||Adjustments
for:|||||||
||Investment
income recognised
in statement
offinancial
Depreciation
and impairment
oftangible
fixed assets||||activities|(2,567)
40,504|(1,624)
30,688|
||Movements
in working|capital:||||||
||Decrease/(increase)
in
(Decrease)/increase
in|debtors
creditors||||65,191
(1,117)|(5,021)
1,060|
||Cash generated
from|operations||||143,519|231,142|
##
##
##
|19|Analysis of|changes|changes|in net funds||||
|---|---|---|---|---|---|---|---|
||||||At 1 September|Cash flows|At 31August|
||||||2019||2020|
||||||F|||
||Cash at bank and||in|hand|339,641|83,068|422,709|
||Obligations|under|finance leases||(13,161)|(19,729)|(32,890)|
||||||326,480|63,339|389,819|