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|||Page|
|---|---|---|
|Trustees'
report||1-5|
|Statement
oftrustees'|responsibilities||
|independent
auditor's|report|7-9|
|Statement offinancial|activities|10|
|Balance sheet|||
|Statement
ofcash flows||12|
|Notes to the financial|statements|13-22|
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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds||
|||||2021|2020|
||||Notes|f||
||d|0||||
|Donations
and legacies|||3|66,800|353,969|
|Charitable
activities|||4|178,959|948,554|
|Investments|||5|221|934|
|Other Income|||6|13,454||
|Total income||||259,434|1,303,457|
|Ezugtttiihraun;||||||
|Charitable
activities|||7|589,616|1,407,021|
|Net expenditure||for the year/||||
|Net movement|in funds|||(330,182)|(103,564)|
|Fund balances|at|1 April 2020||(798,980)|(695,416)|
|Fund balances|at 31 March 2021|||(1,129,162)|(798,980)|
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|||||2021|2020||
|---|---|---|---|---|---|---|
||||Notes|6|8||
|Fixed assets|||||||
|Tangible assets|||10|15,404||5,127|
|Current assets|||||||
|Debtors||||15,031|18,235||
|Cash at bank|and in|hand||799,684|596,952||
|||||814,715|615,187||
|Creditors: amounts||falling due within|||||
|one year|||13|(1,959,281)|(1,419,294)||
|Net current
liabilities||||(1,144,566)||(804,107)|
|Total assets|less current liabilities|||(1,129,162)||(798,980)|
|Income funds|||||||
|Unrestricted|funds|||(1,129,162)||(798,980)|
|||||(1,129,162)||(798,980)|
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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Cash flows from operating||activities|||||||
|Cash absorbed
by operations||||21||(247,038)||(22,533)|
|Investing
activities|||||||||
|Purchase oftangible fixed|assets||||(12,451)||(5,446)||
|Interest received|||||221||934||
|Net cash used In investing||activities||||(12,230)||(4,512)|
|Financing activities|||||||||
|Increase of borrowings|||||462,000||||
|Net cash generated
from/(used|||in)||||||
|financin
activities||||||462,000|||
|Net Increase/(decrease)|In|cash|and cash||||||
|equivalents||||||202,732||(27,045)|
|Cash and cash equivalents||at beginning||ofyear||596,952||623,998|
|Cash and cash equivalents||at end ofyear||||799,684||596,952|
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||||2021|2020|
|---|---|---|---|---|
||||5|6|
|Student|tuition and accommodation|fees|1,849|793,436|
|Induction|and field trip income|||62,512|
|Rental Income from flats and dormitories|||174,796|85,380|
|Other Income|||2,314|7,226|
||||178,959|948,554|
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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2021|2020|
|||5||
|Investment|income||934|
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2021
5|2020
f|
|13,454||
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|||||Charitable|Charitable|
|---|---|---|---|---|---|
|||||Expenditure
Expenditure||
|||||2021|2020|
|||||8|5|
|Staff costs||||441,841|750,010|
|Depreciation|and||impairment|2,174|3,097|
|Insurance||||27,609|26,037|
|Light and heat||||79,315|87,173|
|Equipment||||8,705|34,076|
|Stationery||||558|6,349|
|Staff subsistence|||and student|2,005|22,985|
|Induction
and||field trip||(730)|198,921|
|Student activities||||7,377|62,612|
|College service charge||||(13,595)|154,811|
|Maintenance|costs|||24,500|42,938|
|Transport
and||air|travel|3,672|9,585|
|Other teaching||and lecture cos||(182)|1,609|
|Bank charges||||367|818|
|Audit and non||audit services||6,000|6,000|
|||||589,616|1,407,021|
|||||589,616|1,407,021|
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||2021|2020|
|---|---|---|
||Number|Number|
|Support|||
|Domestic|||
|Teaching|||
|Total|18|18|
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|9|Employees|||||(Continued)|
|---|---|---|---|---|---|---|
||Employment
costs||||2021|2020|
||||||6|6|
||Wages and salaries||||392,455|696,283|
||Social security costs||||25,241|29,691|
||Other pension costs||||24,145|24,036|
||||||441,841|750,010|
||There were no employees whose annual||remuneration|was 560,000 or more.|||
|10|Tangible fixed assets||||||
|||||Flxturaa and|Isotor vehtclaa|Total|
|||||llttlnga|||
|||||5|6||
||Cost||||||
||At 1 April 2020|||559,796|78,516|638,312|
||Additions|||12,451||12,451|
||Disposals||||(5,407)|(5,407)|
||At 31 March 2021|||572,247|73,109|645,356|
||Depreciation
and impairment||||||
||At 1 April 2020|||554,669|78,516|633,185|
||Depredation
charged|in the year||2,174||2,174|
||Eliminated
in respect ofdisposals||||(5,407)|(5,407)|
||At 31 March 2021|||556,843|73,109|629,952|
||Carrying
amount||||||
||At 31 March 2021|||15,404||15,404|
||At 31 March 2020|||5,127||5,127|
|11|Debtors||||||
||||||2021|2020|
||Amounts
falling due|within one year:|||6|6|
||Trade debtors||||1,236|2,095|
||Prepayments
and accrued income||||13,795|16,140|
||||||15,031|18,235|
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||||2021|2020|
|---|---|---|---|---|
||||5|5|
|Loan from Teikyo University|||462,000||
|Payable|within one year||462,000||
|Payable|afier one year||||
|Creditors: amounts||falling due within one year|||
||||2021|2020|
||||5||
|Loan from Teikyo University|||462,000||
|Trade creditors|||17,486|28,729|
|Amount|due to Teikyo|University|50,609|50,609|
|Other creditors|||1,423,186|1,193,816|
|Accruals|and deferred|income|6,000|146,140|
||||1,959,281|1,419,294|
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|Analy|sts ofchan|ges
in net funds||||
|---|---|---|---|---|---|
||||At1Apr82020|Cash RcwsAt 31 March 2021
f'
f||
|Cash|at bank and|in hand|596,952|202,732|799,684|
|Loans|falling due|within one year||(462,000)|(462,000)|
||||596,952|(259,268)|337,684|
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|21|Cash generated
from operations|Cash generated
from operations||||2021
6|2020f|
|---|---|---|---|---|---|---|---|
||Deficit for the year|||||(330,182)|(103,564)|
||Adjustments
for:|||||||
||Investment
income|recognised
in statement||offinancial|activities|(221)|(934)|
||Depreciation
and impairment
oftangible||fixed assets|||2,174|3,097|
||Movements
in working capital:|||||||
||Decrease
in debtors|||||3,204|116,664|
||Increase/(decrease)|In creditors||||77,987|(37,796)|
||Cash absorbed
by|operations||||(247,038)|(22,533)|