| Page | |||||
|---|---|---|---|---|---|
| Reference and Administrative | Details ofthe Company, | Its Patron, President, | 1-2 | ||
| Immediate Past President and |
Vice Presidents | and Advisers | |||
| Chairman's | Statement | 3 4 |
|||
| Directors' Report | 6-11 | ||||
| Independent | Auditor's Report |
on the Financial | Statements | 12 - 16 | |
| Consolidated | Statement ofFinancial Activities | 17 | |||
| Consolidated | Balance Sheet | 18 | |||
| Company Balance Sheet |
19 | ||||
| Consolidated | Statement ofCash Flows | 20 | |||
| Notes to the | Financial Statements | 21-43 |
| Company secretary | Company secretary | AJWeatherill, | FCA, FCILT | ||
|---|---|---|---|---|---|
| Chief Executive | SKindleysides, | FCILT | |||
| Independent | auditor | Mazars LLP | |||
| Chartered Accountants |
|||||
| 90Victoria Street | |||||
| Bristol | |||||
| BS16DP | |||||
| Bankers | Barclays pic | ||||
| 497 Silbury Boulevard | |||||
| Milton Keynes | |||||
| MK9 2LD | |||||
| Solicitors | Stone King LLP | ||||
| Boundary House |
|||||
| 91 Charterhouse | Street | ||||
| London | |||||
| EC1M 6HRS | |||||
| Investment | managers | Investec Wealth | and Investment | Management | Ltd |
| 30Gresham Street |
|||||
| London | |||||
| EC2V 7QN |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2022 | 2021 | ||
| Note | 6000 | f000 | 6000 | 8000 | 6000 | |
| Income and | ||||||
| endowments from: |
||||||
| 3 | 864 | 864 | 113 | |||
| Donations and legacies |
||||||
| Charitable activities |
4 | 4,160 | 4,160 | 3,355 | ||
| Other trading activities |
5 | 139 | ||||
| Investments | 46 | 16 | 62 | |||
| Other income | 82 | 82 | 115 | |||
| Total income and endowments |
4 288 | 884 | 16 | 5166 | ~764 | |
| Expenditure on: |
||||||
| Raising funds | 15 | 38 | ||||
| Charitable activities Total expenditure |
10 | 4,052 4 663 |
335 ~35 |
17 21 |
4,404 4419 |
3,381 3419 |
| Net surplus (deficit) |
||||||
| before | ||||||
| investment gains |
225 | 529 | (5) | 749 | 372 | |
| Net gains/(losses) on |
(229) | (80) | (309) | 340 | ||
| investments | ||||||
| Net surplus/(deficit) | (4) | 529 | (85) | 440 | 712 | |
| Net movement In |
||||||
| funds | ||||||
| Reconciliation of |
||||||
| funds: | ||||||
| Total funds brought | 2,494 | 187 | 941 | 3,622 | 2,910 | |
| forward | ||||||
| Net movement in funds |
(4) | 529 | (85) | 440 | 712 | |
| Total funds carried | ||||||
| forward |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 6000 | 6000 | |||||
| Fixed assets | |||||||
| Intangible assets |
15 | 254 | 149 | ||||
| Tangible assets | 16 | 37 | 65 | ||||
| Investments | 17 | 2,451 | 2,795 | ||||
| 2,742 | 3,009 | ||||||
| Current assets | |||||||
| Debtors | 18 | 546 | 420 | ||||
| Cash at bank and | in hand | 25 | 1,902 | 1,249 | |||
| 2,448 | 1,669 | ||||||
| Current liabilities | |||||||
| Creditors: amounts | falling | due within one | |||||
| year | 19 | (1,093) | (1,010) | ||||
| Net current assets | 1,355 | 659 | |||||
| Total assets less | current | liabilities | 4,105 | 3,668 | |||
| Non - Current liabilities |
20 | (35) | (46) | ||||
| (Bounce Back Loan) | |||||||
| Total net assets | |||||||
| Charity funds | |||||||
| Endowment funds |
21 | 856 | 941 | ||||
| Restricted funds | 21 | 716 | 187 | ||||
| Unrestricted funds |
21 | 2,490 | 2,494 | ||||
| Totalfunds |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Nots | 6000 | 6000 | ||||
| Fixed assets | ||||||
| Intangible assets | 15 | 254 | 149 | |||
| Tangible assets | 16 | 37 | 65 | |||
| Investments | 17 | 2,451 | 2,795 | |||
| 2,742 | 3,009 | |||||
| Current assets | ||||||
| Debtors | 18 | 546 | 420 | |||
| Cash at bank and | in hand | 1,902 | 1,249 | |||
| 2,448 | 1,669 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 19 | (1,093) | (1,010) | |||
| Net current assets | 1,355 | 659 | ||||
| Total assets less | current liabilities | 4,097 | 3,668 | |||
| Non - Current liabilities | (35) | (46) | ||||
| (Bounce Back Loan) | ||||||
| Total net assets | ||||||
| Charity funds | ||||||
| Endowment funds |
21 | 856 | 941 | |||
| Restricted funds | 21 | 716 | 187 | |||
| Unrestricted funds |
21 | 2,490 | 2,494 | |||
| Total funds |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 8000 | f000 | ||||
| Cash flows from operating | activities | ||||
| Net cash used in operating | activities | 786 | 141 | ||
| Cash flows from investing | activities | ||||
| Dividends, interests, and rents from investments |
62 | 69 | |||
| Purchase of intangible assets |
(147) | (114) | |||
| Purchase oftangible fixed assets | (15) | (23) | |||
| Proceeds from sale ofinvestments | 493 | 656 | |||
| Purchase ofinvestments | (526) | (858) | |||
| Net cash used in investing | activities | (133) | (70) | ||
| Change in cash and cash |
equivalents | in | the year | 853 | 71 |
| Cash and cash equivalents | at the beginning | ofthe year | 1,249 | 1,178 | |
| Cash and cash equivalents | at the end of | the year | |||
| The notes on pages 20to 44 form part ofthese financial statements. |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| 2000 | 9000 | f000 | |||
| Income from charitable | activities - Membership | 1,943 | 1,943 | 1,943 | |
| Income from charitable | activities - Learning | and | |||
| Development | 1,807 | 1,807 | 1,234 | ||
| Income from charitable | activities - Events, | Forums and | |||
| Communication | 410 | 410 | 178 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2022 | 2022 | 2021 |
| f000 | f000 | f000 |
| Grants to | Grants to | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Institutions | Individuals | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| KOOO | KOOO | KOOO | KOOO | ||||
| Grants, | Membership | 17 | 17 | 12 | |||
| Grants, | Learning | and | Development | 335 | 335 | 136 |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2022 | 2021 | ||
| KOOO | KOOO | KOOO | KOOO | KOOO | ||
| Membership | 1,738 | 17 | 1,755 | 1,811 | ||
| Learning | and Development | 1,746 | 335 | 2,081 | 1,378 | |
| Events, | Forums and | |||||
| Communication | 568 | 568 | 192 | |||
| 1 t12021~ra~~ | uu |
| Activities | Grant | ||||||
|---|---|---|---|---|---|---|---|
| undertaken | funding of | Support | Total | Total | |||
| directly | activities | costs | funds | funds | |||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||
| f000 | f000 | f000 | f000 | f000 | |||
| Membership | 322 | 17 | 1,416 | 1,755 | 1,811 | ||
| Learning | and Development | 465 | 335 | 1,281 | 2,081 | 1,378 | |
| Events, | Forums and | ||||||
| Communication | 269 299 568 ~s~~JIRL~ |
192 | |||||
| Total 2021 | |||||||
| 12. | Auditor's | remuneration | |||||
| 2022 | 2021 | ||||||
| f000 | f000 |
| Fees payable to the Company's | auditor for the audit ofthe Company's | |
|---|---|---|
| annual accounts | ||
| 13. | Staffcosts |
| Group | Gmup | Company | Company | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||||
| f000 | f000 | f000 | f000 | ||||
| Wages and | salaries | 1,699 | 1,541 | 1,699 | 1,541 | ||
| Social security costs | 174 | 145 | 174 | 145 | |||
| Contribution | to defined | contribution | pension | ||||
| schemes | 126 | 107 | 126 | 107 |
| Group | Group | ||
|---|---|---|---|
| 2022 | 2021 | ||
| No. | No. | ||
| Charitable | activities | 52 | 49 |
| Support |
| Group | Group |
|---|---|
| 2022 | 2021 |
| No. | No. |
| Trademarks | Computer Software |
Educational Development |
Assets Under Construction |
Total | ||
|---|---|---|---|---|---|---|
| f000 | f000 | fOOO | f000 | fOOO | ||
| Cost | ||||||
| At 1 October 2021 | 12 | 52 | 100 | 166 | ||
| Additions | 168 | 58 | 226 | |||
| Disposals | (79) | (79) | ||||
| At 30 September 2022 | 12 | 170 | 110 | 21 | 313 | |
| Amortisation | ||||||
| At 1 October 2021 | 17 | |||||
| Charge for the year | 20 | 21 | 43 | |||
| Dieposals | ||||||
| At 30September 2022 | 10 | 21 | 28 | 60 | ||
| Net book value | ||||||
| At 30September 2022 | 2 | 149 | 82 | 21 | 254 | |
| At 30 September 2021 | 3 | 1 | 45 | 100 | 149 |
| Trademarks | Computer Software |
Educational Development |
Assets Under Construction |
Total | ||
|---|---|---|---|---|---|---|
| 8000 | 8000 | fooo | 8000 | 8000 | ||
| Cost | ||||||
| At 1 October 2021 | 12 | 52 | 100 | 166 | ||
| Additions | 168 | 58 | 226 | |||
| Disposals | (79) | (79) | ||||
| At 30September 2022 | 12 | 170 | 110 | 21 | 313 | |
| Amortisation | ||||||
| At 1 October 2021 | 9 | 1 | 17 | |||
| Charge for the year | 1 | 20 | 21 | 43 | ||
| Disposals | ||||||
| At 30September 2022 | 10 | 21 | 28 | 60 | ||
| Net book value | ||||||
| At 30September 2022 | 2 | 149 | 82 | 21 | 254 | |
| At 30 September 2021 | 45 | 100 | 149 |
| Fixtures and Fittings |
Office Equipment |
Computer Equipment |
Total | |
|---|---|---|---|---|
| f000 | f000 | f000 | f000 | |
| Cost | ||||
| At 1 October 2021 | 34 | 21 | 118 | 173 |
| Additions | 2 | 12 | 14 | |
| Dieposals | (2) | (21) | 0 | (23) |
| At 30September 2022 | 34 | 130 | 164 | |
| Amortisation | ||||
| At 1 October 2021 | 28 | 12 | 67 | 107 |
| Charge for the year | 2 | 33 | 35 | |
| Disposals | (3) | (12) | 0 | (15) |
| At 30 September 2022 | 27 | 100 | 127 | |
| Net book value | ||||
| At 30September 2022 | 30 | 37 | ||
| At 30September 2021 | 51 | 66 |
| Fixtures and Fittings |
Office Equipment |
Computer Equipment |
Total | |
|---|---|---|---|---|
| 5000 | f000 | 6000 | 5000 | |
| Cost | ||||
| At 1 October 2021 | 34 | 21 | 118 | 173 |
| Additions | 2 | 12 | 14 | |
| Disposals | (2) | (21) | 0 | (23) |
| At 30September 2022 | 34 | 130 | 164 | |
| Amortisation | ||||
| At 1 October 2021 | 28 | 12 | 67 | 107 |
| Charge for the year | 2 | 33 | 35 | |
| Disposals | (3) | (12) | 0 | (15) |
| At 30 September 2022 | 27 | 100 | 127 | |
| Net book value | ||||
| At 30September 2022 | 30 | 37 | ||
| At 30September 2021 | 51 | 66 |
| Listed | ||||||
|---|---|---|---|---|---|---|
| investments | ||||||
| Company | f000 | |||||
| Cost or valuation | ||||||
| At 1 October | 2021 | 2,795 | ||||
| Additions | 525 | |||||
| Disposals | (493) | |||||
| Revaluations | (376) | |||||
| At 30September 2022 | ||||||
| Net book value | ||||||
| At 30September 2022 | 2,451 | |||||
| At 30September 2021 | ||||||
| 18. | Debtors | |||||
| Group | Group | Company | Company | |||
| 2022 | 2021 | 2022 | 2021 | |||
| f000 | f000 | f000 | f000 | |||
| Due within one year | ||||||
| Trade debtors | 374 | 247 | 374 | 247 | ||
| Amounts owed by Group undertakings |
||||||
| Other debtors | 23 | 23 | ||||
| Prepayments | and accrued income | 165 | 150 | 165 | 150 |
| Group | Group | Company | Company | ||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||
| KOOO | KOOO | KOOO | KOOO | ||
| Trade creditors | 293 | 159 | 293 | 159 | |
| Other taxation and social security | 77 | 77 | 61 | ||
| Other creditors | 38 | 83 | 38 | 83 | |
| Accruals and deferred | income | 685 | 707 | 685 | 707 |
| Group | Group | Company | Company | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||||
| KOOO | KOOO | KOOO | KOOO | |||||
| Financial | assets | |||||||
| Financial | assets that | are debt | instruments | |||||
| measured | at amortised cost | |||||||
| Group | Group | Company | Company | |||||
| 2022 | 2021 | 2022 | 2021 | |||||
| KOOO | KOOO | KOOO | KOOO | |||||
| Financial | liabilities | |||||||
| Financial | liabilities measured | at amortised | ||||||
| cost | (654) | (597) | (654) | (597) | ||||
| Bank loan Bank loan |
less than great than |
1 year 1 year |
(11) (35) |
(4) (46) |
(11) (35) |
(4) (46) |
| Funds | Gains / |
|||||||
|---|---|---|---|---|---|---|---|---|
| 01/10/2021 | transfers | Income | Expenditure | Losses | 30/09/2022 | |||
| EOOO | EOOO | f000 | 6000 | 8000 | 8000 | |||
| Designated | funds | |||||||
| Designated | Funds | 39 | 75 | 49 | 23 | 0 | 140 | |
| General funds | ||||||||
| General Funds | 2,339 | (75) | 4,239 | (4,040) | (229) | 2,234 | ||
| Non-charitable trading |
||||||||
| funds | 116 | 116 | ||||||
| 2,455 | (75) | 4,239 | (4,040) | (229) | 2,350 | |||
| Total Unrestricted | funds | 2494 | 0 | 4288 | 4063 | 9 | 2490 | |
| Endowment | funds | |||||||
| Library Fund | 425 | (13) | (36) | 383 | ||||
| Endowment | Fund | 516 | 7 | 44 | 473 | |||
| 941 | 15 | 20 | 80 | 856 | ||||
| Restricted | funds | |||||||
| Aspire Fund | 57 | 26 | (17) | 66 | ||||
| Novus Fund | 130 | 90 | (106) | 114 | ||||
| Generation | Logistics | 748 | 212 | 536 | ||||
| 187 | 864 | 335 | 716 | |||||
| Total offunds | 3622 | 0 | 5167 | 4418 | 309 | 4062 |
| Funds | Gains | / | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 01/10/2020 | transfers | Income | Expenditure | Losses | 30/09/2021 | ||||
| f000 | f.000 | f000 | f000 | f000 | f000 | ||||
| Designated | funds | ||||||||
| Designated | Funds | 39 | 0 | 0 | 39 | ||||
| General funds | |||||||||
| General Funds | 1,572 | 250 | 3,519 | (3,244) | 242 | 2,339 | |||
| Non-charitable | trading | ||||||||
| funds | 250 | 250 | 139 | 23 | 0 | 116 | |||
| 1,822 | 0 | 3,658 | (3,267) | 242 | 2,455 | ||||
| Total Unrestricted | |||||||||
| funds | 1 861 | 0 | 3658 | 3267 | 242 | 2494 | |||
| Endowmentfunds | |||||||||
| Library Fund | 383 | 0 | 9 | (10) | 43 | 425 | |||
| Endowment | Fund | 487 | 0 | 11 | 37 | 55 | 516 | ||
| 870 | 0 | 20 | 47 | 98 | 941 | ||||
| Restricted funds | |||||||||
| Aspire Fund | 60 | 0 | 20 | (23) | 0 | 57 | |||
| Novus Fund | 118 | 0 | 94 | 82 | 0 | 130 | |||
| 178 | 113 | 105 | 0 | 187 | |||||
| Total offunds | 2910 | 0 | 3791 | 3,419 | 340 | 3,622 |
| Balance October |
at 1 2020 |
Income | Gains I (Losses) |
Balance at 30 September 2021 |
Balance at 30 September 2021 |
|||
|---|---|---|---|---|---|---|---|---|
| EOOO | 8000 | 8000 | 8000 | 8000 | ||||
| Designated | funds | 39 | 39 | |||||
| General funds | 1,822 | 3,658 | (3,267) | 242 | 2,455 | |||
| Endowment | funds | 870 | 20 | (47) | 98 | 941 | ||
| Restricted | funds | 179 | 113 | (105) | 187 | |||
| 2,910 | 3,791 | 3419 | 340 | 3,622 |
| Analysis | ofnet assets between fun | ds - current year | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2022 | ||
| f000 | 2000 | 6000 | 2000 | ||
| Tangible | fixed assets | 37 | 37 | ||
| Intangible | fixed assets | 253 | 253 | ||
| Fixed asset investments | 1,596 | 856 | 2,452 | ||
| Current assets | 1,732 | 716 | 2,448 | ||
| Creditors | due within one year | (1,093) | (1,093) | ||
| Bounce back loan | (35) | (35) | |||
| Total |
| Unrestricted | Unrestricted | Restricted | Endowment | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||||
| 2021 | 2021 | 2021 | 2021 | ||||||||
| EOOO | EOOO | EOOO | 6000 | ||||||||
| Tangible fixed assets | 65 | ||||||||||
| Intangible fixed assets |
149 | 149 | |||||||||
| Fixed asset investments | 1,854 | 2,795 | |||||||||
| Current assets | 1,475 | 1,669 | |||||||||
| Creditors due within | one year | (1,010) | (1,010) | ||||||||
| Bounce back loan | |||||||||||
| (46) | (46) | ||||||||||
| Total | |||||||||||
| 24. | Reconciliation ofnet movement | in funds | to | net cash flow from operating | activities | ||||||
| Group | Group | ||||||||||
| 2022 | 2021 | ||||||||||
| OOOO | EOOO | ||||||||||
| Net income for the year (as per Statement | ofFinancial | Activities) | 441 | 712 | |||||||
| Adjustments for: |
|||||||||||
| Depreciation charges |
35 | 35 | |||||||||
| Amortisation charges |
43 | 13 | |||||||||
| Losses on investments | 376 | (342) | |||||||||
| Dividends, interests |
and rents | from investments | (62) | (69) | |||||||
| Loss on the sale of | fixed assets | ||||||||||
| Increase in debtors |
(127) | (114) | |||||||||
| Increase/(decrease) | in creditors | 72 | (97) | ||||||||
| Net cash provided | by/(used | in) operating | activities |
| Analy | sis ofcash | and cash equivalents | ||
|---|---|---|---|---|
| Group | Group | |||
| 2022 | 2021 | |||
| 8000 | 8000 | |||
| Cash | at bank and | in hand | 1,902 | 1,249 |
| Total | cash and cash equivalents |
| payments | und | er non-cancellable operating leases as follows: |
||
|---|---|---|---|---|
| Group | Group | |||
| 2022 | 2021 | |||
| 8000 | 8000 | |||
| Not later than | 1 year | 80 | 71 | |
| Later than | 1 year and not later than 5years | 160 | 142 |