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||||||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|
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|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||||
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|||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|||||||
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||||||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||||||||
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|||||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|||||||
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|||||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.||||||
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||||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|
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2022|2022|2021|
|f000|f000|f000|
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|||||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|
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|||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||
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||||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.|
##
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##
||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|
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||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|
##
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##
||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|
##
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|||||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)|
##
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##
|||||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|
##
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|||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|
##
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|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||||||
##
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|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||||
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##
|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|
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