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|||Page|
|---|---|---|
|Chair's Report|||
|Trustees'
Annual
Report|||
|Statements
of Trustees'|Responsibilities||
|Independent
Examiner's|Report||
|Statement
of Financial|Activities||
|Balance Sheet||10|
|Notes to the Financial Statements|||
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|Name|||||Priority Management|Priority Management||Limited|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Company||number|||01967563||||||||||
|Charity|number||||702851||||||||||
|Registered|||Office||Riverside|Learning|8|Education|Centre,||||||
||||||Hyslop Street,||||||||||
||||||Liverpool,||||||||||
||||||England,||||||||||
||||||L8 5UA||||||||||
|Board|ofTrustees||||The Board|ofTrustees||are also|its directors.||Members||are elected||
||||||by Annual|General|Meetings||of the|members||of the|council|in|
||||||accordance
with the||Articles of||Association.||||||
|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||||||||||
|Signe||beh||Ifofthe|Board ofTrustees||||||||||
||es,|Trustee||||Date|||||||||
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|||Notes|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
||||2022|2022|2022|2021|
|Income and endowments|||||||
|from:|||||||
|Donations
and legacies||3a|70||70|30|
|Charitable
activities||3b|62,028|24,053|86,081|98,082|
|Other trading
activities||3c|4,175||4,175|3,130|
|Investments||3d|4||4|3|
|Total income|||66,277|24,053|90,330|101,245|
|Expenditure
on:|||||||
|Charitable
activities|||80,420|15,931|96,35'I|107,966|
|Total expenditure|||80,420|15,931|96„351|107,966|
|Net (expenditure)/income|||(14,143)|8,122|(6,021)|(6,721)|
|Gain(losses)
on investments
assets|||31||||
|Net Movement
in funds|||(14,112)|8,122|(5,990)|(6,648)|
|Total funds brought|forward|10, 11|203,768|779|204,547|211,195|
|Total funds carried|forward|9-11|189,656|8,901|198,557|204,547|
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||||Unrestricted|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|
|||||2022|2022|2022|2021|
|b.|Charitable
activities:|||K||f|F|
||Alternative
education
Programme|||492||492|16,869|
||HMRC Job Retention Scheme|||12,609||12,609|17,270|
||Liverpool
city council Business
Support Grant||||||10,000|
||National
Lottery Awards|for All|||9,948|9,948||
||Steve Morgan
Foundation||||||4,393|
||Vocational
Training|||48,927||48,927|49,550|
||Workers Education
Association||||14,105|14,105||
|||||62,028|24,053|86,081|98,082|
||Income from charitable|activities|in|2021 comprised 293,689||unrestricted|funds and|
||restated E4.393 related to restricted|||funds||||
|c.|Other trading
activities:||||||F|
||Rent contribution|||4,175||4,175|3,130|
||Other trading
activities income for 2021 related||||wholly to unrestricted
funds|||
|d.|Investments:|||||||
||Bank interest|||||||
||Dividends|||||||
|||||||4||
||Investments|Investments|income for 20|income for 20|21 related
wholly to un|restricted
funds|||
|---|---|---|---|---|---|---|---|---|
|4.|Expenditure||on charitable||activities||||
||||||Direct|Support &|Tota I|Total|
||||||Charitable|Governance|2022|2021|
||||||Expenditure|Costs|||
||||||E|E|F||
||Provision
training|of|education|and|86,236|10,115|96„351107,966||
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|||||2022|2021|
|---|---|---|---|---|---|
|Direct Charitable|Expenditure:|||||
|Staff salary costs||||56,977|53,835|
|Pension||||1,110|1,400|
|Freelance tutors||||7,500|12,500|
|Other staff costs||||268|268|
|Volunteer expenses||||66||
|Running
costs||||6,616|10,778|
|Covid 19emergency||food|||4,348|
|Course fees||||4,899|3,330|
|Travel expenses|||||890|
|Depreciation||||8,800|8,800|
|||||86,236|96,149|
|||||2022|2021|
|Support 8 Governance|||Costs:|||
|Staff salary costs||||1,410|1,746|
|Office Costs||||2,177|1,660|
|Bank charges||||132|166|
|Companies
House|filing||fee|13||
|Marketing||||504|662|
|Subscriptions
and|memberships|||595|1,815|
|Insurance||||3,660|3,851|
|DBSfees||||155|129|
|HMRC interest||||10|200|
|Payroll fees||||232|390|
|Accountancy||||910|725|
|Depreciation||||317|473|
|||||10,115|11,817|
|Total charitable
activities||||96,351|107,966|
||f15,931 (2021:E4,776) of the a|bove expenditure
relat|es to restric|
|---|---|---|---|
|b.|Staff Costs|2022|2021|
||||F|
||Staff salaries|58,387|55,581|
||Social security costs|||
||Pension|'I,1'I0|1,400|
|||59,497|56,981|
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|No out-of-pocket
expenses were rei
Tangible
fixed assets|mbursed
to trus|tees
during
the|year (2021|
|---|---|---|---|
||Freehold|Fixtures,|Total|
||property|Fittings
&||
|||Equipment||
|Cost or revaluation
As at 1"April 2021|250,000|E
63,678|313,678|
|Balance as at31"March 2022|250,000|63,678|313,678|
|Accumulated
Depreciation
As at 1"April 2021|61,601|62,716|124,317|
|Charge for the year|8,800|317|9,117|
|Balance as at31"March 2022|70,401|63,033|133,434|
|Net Book Value at31"March
2022|179,599|645|180,244|
|Net Book Value at31"March
2021|188,399|962|189,361|
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|Fixed asset investments||||
|---|---|---|---|
|||2022|2021|
|Market Value at beginning
year|of|295|222|
|Unrealised
gain during year||31|73|
|Market value at end ofyear||326|295|
|Cost at end ofyear||||
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|7. Debtors|||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||F||
|Debtors|||||2,105||
|Prepayment|||||1,159|1,004|
||||||3,264|1,004|
|8.Creditors:|amounts|falling|due|within|one year||
|Creditors: amounts
falling due|within one year||
|---|---|---|
||2022|2021|
||F||
|Accruals|910|725|
|Creditors||1,687|
|Other creditors|98||
|Tax and Social security|563|379|
||1,571|2,791|
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|Analysis
o||f net assets|betwe|en
funds|en
funds||||
|---|---|---|---|---|---|---|---|---|
|||2022||Tangible||Investments|Net current|Total|
|||||fixed assets|||assets||
|Unrestricted||Funds||||||E|
|General
Fund|||||166,906|326|(29,673)|137,559|
|Designated||Fund|||||39,281|39,281|
|Revaluation||Reserve|||12,816|||12,816|
||||||179,722|326|9,608|189,656|
|Restricted|Funds||||||||
|Big Lottery|Fund Grant||||522|||522|
|National
Lottery Awards
All|||for||||8,379|8,379|
||||||522||8,379|8,901|
|Totals||||180,244||326|17,987|198,557|
|||2021||Tangible||Investments|Net current|Total|
|||||fixed|assets||assets||
|Unrestricted||Funds|||f.||E|E|
|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|
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|||||Movement|in the|ear|||
|---|---|---|---|---|---|---|---|---|
|2022|at|Funds
Beginning
ofyear
F|Income|Expenditure|Investment
Gains||Transfer
Between
Funds
E|Funds
at End
ofyear|
|General
Fund||159,215|66,277|(79,667)||31|(8,297)|137,559|
|Designated
Fund||30,984|||||8,297|39,281|
|Revaluation
Reserve||13,569||(753)|||(-)|12,816|
|||203,768|66,277|(80,420)||31||189,656|
|||||Movement|in the|ear|||
|2021|at|Funds
Beginning|Income|Expenditure|Investment
Gains||Transfer
Between|Funds
at End|
|||ofyear|||||Funds|ofyear|
|||F|||||||
|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|
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