Contents of the Financial Statements

for the Period Ended 31 March 2020

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 March 2020

The directors present their report with the financial statements of the company for the period ended 31 March 2020

Directors

The director shown below has held office during the whole of the period from
1 April 2019 to 31 March 2020

M S Simms

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 January 2021

And signed on behalf of the board by:
Name: M S Simms
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2020

	2020	2019
	£	£
Turnover:	3,046,665	5,126,134
Cost of sales:	0	0
Gross profit(or loss):	3,046,665	5,126,134
Distribution costs:	( 4,694,820 )	( 5,021,361 )
Administrative expenses:	( 230,245 )	( 65,947 )
Other operating income:	0	0
Operating profit(or loss):	(1,878,400)	38,826
Profit(or loss) before tax:	(1,878,400)	38,826
Profit(or loss) for the financial year:	(1,878,400)	38,826

Balance sheet

As at 31 March 2020

	Notes	2020	2019
		£	£
Fixed assets
Intangible assets:		0	0
Tangible assets:	3	0	29,272
Investments:		0	0
Total fixed assets:		0	29,272
Current assets
Stocks:		0	0
Debtors:	4	627,030	844,892
Cash at bank and in hand:		168,548	934,970
Investments:		0	0
Total current assets:		795,578	1,779,862
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	5	( 2,117,625 )	( 1,252,781 )
Net current assets (liabilities):		(1,322,047)	527,081
Total assets less current liabilities:		(1,322,047)	556,353
Creditors: amounts falling due after more than one year:		0	0
Provision for liabilities:		0	0
Accruals and deferred income:		0	0
Total net assets (liabilities):		(1,322,047)	556,353
Members' funds
Profit and loss account:		(1,322,047)	556,353
Total members' funds:		( 1,322,047)	556,353

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2020

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  All income is recognised once the charity has entitlement to the income, it is probable that theincome will be received, and the amount of the income receivable can be measured reliably.Income relating to the National Citizenship Scheme (NCS) Is under contract which includes anelement of payment by results. The income is recognised in accordance with the stage ofperformance of the contract with reference to the results element of the contract. Income received inadvance of the performance is restricted.Due to the impact of Covid the 2020 program was significantly reduced in terms of scale andfinancial measures. NCS agreed to roll over funding from Summer Programmes to AutumnProgrammes and as a result we recognised £521k of income in these accounts to matchexpenditure incurred for the 2020 programsOther income is recognised in the period in which It is receivable and to the extent the goods havebeen provided or on completion of the service.

  Tangible fixed assets depreciation policy

  All assets costing more than £1,000 are capitalised.A review for impairment of a fixed asset is carried out if events or changes in circumstances indicatethat the carrying value of any fixed asset may not be recoverable. Shortfalls between the carryingvalue of fixed assets and their recoverable amounts are recognised as impairments. Impairmentlosses are recognised in the consolidated statement of financial activities incorporating the incomeand expenditure account.Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimatedresidual value, over their expected useful lives on the following bases:Fixtures and fittings - over 4 years on a straight line basisOffice equipment - over 4 years on a straight line basisComputer equipment - between 1 and 4 years on a straight line basis

  Intangible fixed assets amortisation policy

  Purchased goodwill is stated at costs and amortised over its estimated useful life of ten years.The carrying value and useful life is reviewed annually for impairment.

  Valuation information and policy

  1.14 Financial instrumentsThe charity only has financial assets and financial liabilities of a kind that qualify as basic financialinstruments. Basic financial instruments are initially recognised at transaction value andsubsequently measured at their settlement value.

  Other accounting policies

  Fund AccountingExpenditureInvestmentsDebtorsCash at bank & in handLiabilities & ProvisionsPensionsCritical accounting estimates & areas of judgement

Notes to the Financial Statements

for the Period Ended 31 March 2020

• 2. Employees

  	2020	2019
  Average number of employees during the period	84	113

  Staff costs include payments to temporary personnel who work on maximum four weekdelivery contracts in relation to the National Citizenship Scheme. This representsapproximately 619 (2018: 549 individuals)