# ## |||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|||| ## |Debtors||| |---|---|---| ||2021|2020| ||F|| |Prepayment|1,004|| ## ## |Creditors: amounts
falling|due within one year|| |---|---|---| ||2021|2020| ||F|E| |Accruals|725|1,450| |Creditors|1,687|| |Social security|379|128| ||2,791|1,578| ## |Analysis
of|net assets bet|ween funds|||| |---|---|---|---|---|---| |||Tangible|Investments|Net current|Total| |||fixed assets||assets|| |Unrestricted|Funds|||F|| |General
Fund||175,013|295|(16,093)|159,215| |Designated|Fund|||30,984|30,984| |Revaluation|Reserve|13,569|||13,569| |||188,582|295|14,891|203,768| |Restricted|Funds||||| |Big Lottery Fund Grant||779|||779| |Totals||189,361|295|14,891|204„547| ## |||||Movements|in the Year||| |---|---|---|---|---|---|---|---| |||Funds|Income|Expenditure|Investment|Transfer|Funds| ||at|Beginning|||Gains|Between|at End| |||ofyear||||Funds|ofyear| |General
Fund||158,592|96,852|(102,436)|73|6,134|159,215| |Designated
Fund||37,118||||(6,134)|30,984| |Revaluation
Reserve||14,323||(754)||(-)|13,569| |||210,033|96,852|(103,190)|73||203,768| ## ## ## ## ##