2021-03-31-accounts - Priority Management Ltd

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Chair's Report
Trustees' Annual Report
Statements ofTrustees'	Responsibilities
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements		10

REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	DETAILS	DETAILS
Name					Priority Management			Limited
Company		number			01967563
Charity	number				702851
Registered			Office		Riverside Learning Hyslop Street,		8	Education	Centre,
					Liverpool,
					England,
					L8 5UA
Board	ofTrustees				The Board by Annual accordance	of Trustees are also General Meetings with the Articles of			its directors. Members of the members of the Association.	are elected council in
Trustees					J Hughes
					M Taxman
					N P Turner
Company		Secretary			L Bennett
Independent			Examiner		Paula Sanchez ACCA
					c/o LCVS,
					151 Dale Street,
					Liverpool,
					L2 2AH
Bankers					HSBC City	Branch,
					99-101 Lord Street,
					Liverpool
					L2 6PG
Sig	d on		beh	Ifofthe	Board ofTrustees
JHu,			Trustee			Date

	Notes	Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		2021	2021	2021	2020
Income and endowments
from: Donations and legacies Charitable activities Other trading activities Investments	3a 3b 3c 3d	30 93,689 3,130 3	4,393	30 98,082 3,130 3	125 95,618 5,376 24
Total income		96,852	4,393	101,245	101,143
Expenditure on: Charitable activities		103,190	4,776	107,966	113,948
Total expenditure		103,190	4,776	107,966	113,948
Net (expenditure)		(6,338)	(383)	(6,721)	(12,805)
Gain(losses) on investments		73		73	(179)
assets
Net Movement in funds		(6,265)	(383)	(6,648)	(12,984)
Total funds brought forward	10, 11	210,033	1,162	211,195	224,179
Total funds carried forward	9-11	203,768	779	204,547	211,195

BALANCE SHEET AS AT 3	BALANCE SHEET AS AT 3	1sTMARCH	2021
Fixed assets Tangible fixed assets Investments		Notes	31"March f	2021 f 189,361 295	31"March	2020 E 198,634 222
				189,656		198,856
Current assets
Debtors Cash at bank and in	hand		1,004 16,678		13,917
			17,682		13,917
Current liabilities
Creditors: amounts due within one year	falling		(2,791)		(1,578)
Net current assets				14,891		12,339
Total assets less current				204,547		211,195
liabilities
Funds: Unrestricted funds Restricted funds		9, 10 9,11		203,768 779		210,033 1,162
				204,547		211,195

				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
a.	Donations Donations	and	Legacies:	2021 30	2021	2021 30	2020f 125

				Unrestricted	Restricted		Total	Total
				Funds	Funds		Funds	Funds
				2021	2021		2021	2020
b.	Charitable activities:						E	F
	Alternative education Programme			16,869			16,869	35,134
	HMRC Job Retention		Scheme	17,270			17,270
	Liverpool city Support Grant	council	Business	10,000			10,000
	Steve Morgan	Foundation			4,393		4,393
	Vocational Training			49,550		49,550		60,484
				93,689	4,393	98,082		95,618
	Charitable activities		income for	2020 related wholly to unrestricted			funds
c.	Other trading	activities:						F
	Rent contribution			3,130			3,130	5,376
	Other trading	activities income		for 2020 related	wholly to unrestricted funds
d.	Investments:
	Bank interest						3
	Dividends							22
							3	24

Expendit	ure on chari	table ac	tivities
			Direct	Support 8	Total	Total
			Charitable	Governance	2021	2020
			Expenditure	Costs
			F
Provision training	ofeducation	and	96,149	11,817	107,966	113,948

Analysed as follo	w	s
					2021	2020
Direct Charitable		Expenditure:
Staff salary costs					53,835	61,046
Pension					1,400	1,400
Freelance tutors					12,500	19,010
Other staff costs					268	268
Running costs					10,778	6,673
Covid 19emergency			food		4,348
Course fees					3,330	4,005
Travel expenses					890	49
Student costs						1,539
Depreciation					8,800	8,800
					96,149	102,790
					2021	2020
Support 8 Governance Staff salary costs Office Costs				Costs:	1,746 1,660	2,100 1,839
Bank charges					166	162
Sundry expenses Marketing					662	12 792
Subscriptions and Insurance		memberships			1,815 3,851	794 3,555
DBSfees					129	96
HMRC fines					200
Payroll fees Accountancy Depreciation					390 725 473	376 725 707
					11,817	11,158
Total charitable	activities				107,966	113,948

	E4,776 (2020:6573) ofthe abov	e expenditure relates	to restricted
b.	Staff Costs	2021	2020
	Staff salaries	55,581	62,737
	Social security costs Pension	1,400	409 1,400
		56,981	64,546

Tangible fixed assets
	Freehold	Fixtures,	Total
	property	Fittings &
Cost or revaluation As at 1"April 2020	250,000	Equipment E 63,678	f 313,678
Balance as at 31"March 2021	250,000	63,678	313,678
Accumulated Depreciation As at 1"April 2020 Charge for the year	52,801 8,800	62,243 473	115,044 9,273
Balance as at 31"March 2021	61,601	62,716	124,317
Net Book Value at 31"March 2021	188,399	962	189,361
Net Book Value at 31"March 2020	197,199	1,435	198,634

Fixed asset investments
		2021	2020
Market Value at beginning	of	222	401
year Unrealised loss during year		73	(179)
Market value at end ofyear		295	222
Cost at end ofyear