## ## ## |CONTENTS|| |---|---| ||Page| |Reference and administrative
details ofthe Charity, its Trustees and advisers|| |Trustees'
and Directors' report|2—6| |Independent
examiner's
report|7-8| |Statement
of financial
activities|| |Balance sheet|10| |Notes to the financial statements|11-20| |REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|DETAILS OF THE COMPANY,|ITSTRUSTEES AND ADVISERS| |---|---|---|---|---| |||FOR THE YEAR ENDED 31August 2021||| |Trustees|||Ms J M Barr
Chair|| ||||Miss A W S Dyer|| ||||Ms A Gooding|| ||||Ms J Hedges|| ||||Mr R J
I Morris|| |Company|registered|||| |Number|||2911113|| |Charity registered||||| |Number|||1036877|| |Registered||office|Westhope
College|| ||||Craven Arms|| ||||Shropshire|| ||||SY7 9JL|| |Accountant|||B.Hilliard
FCA|| ||||Chartered
Accountant|| ||||Sandford
Lodge|| ||||Clive Avenue|| ||||Church Stretton|| ||||SY67BS|| |Bankers|||Lloyds Bank|| ||||PO Box1000|| ||||Andover|| ||||BX11LT|| |Investment||Managers|Quilter Cheviot|| ||||Senator House|| ||||85 Queen Victoria Street|| ||||London|| ||||EC4V 4AB|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## |||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---| |||funds|funds|funds|funds| |||2021
f|2021
f|2021
f|2020f| ||Note||||| |INCOMING
RESOURCES|||||| |Incoming
resources from generated|||||| |funds:|||||| |Voluntary
income||106,906||106,906|21.,715| |Investment
income||4,774||4,774|6,916| |Incoming
resources from charitable
activities||25,599||25,599|102,595| |Other incoming
resources||53,552||53,552|27,469| |TOTAL INCOMING
RESOURCES||190,831||190,831|158,695| |RESOURCES EXPENDED|||||| |Charitable
activities|6|183,060||183,060|224,824| |Governance
costs|7|2,383||2,383|737| |TOTAL RESOURCES EXPENDED|10|185,443||185,443|225,561| |NET INCOMING/(EXPENDED)
RESOURCES BEFORETRANSFERS||5,388||5,388|(66,866)| |Transfers
between
funds|18||||| |NET INCOMMING/(EXPENDED)|||||| |RESOURCES BEFORE INVESTMENT||5,388||5,388|(66,866)| |ASSET DISPOSALS|||||| |Net realised
(loss) on disposal of
investment
assets|15|(4,609)||(4,609)|(5,254)| |NET INCOMING/(EXPENDED)||779||779|(72,120)| |RESOURCES BEFORE REVALUATIONS|||||| |Unrealised
net gain/(loss)
on
revaluation
of investment
assets|15|35,209||35,209|(4,313)| |NET MOVEMENT
IN FUNDS FOR THE
YEAR: INCOMING/(EXPENDED)||35,988||35,988|(76,433)| |Total Funds at 1September 2020|18|445,283||445,283|521,716| |TOTAL FUNDS AT 31AUGUST 2021|18|481,271||481,271|445,283| ## ## ## ## ## ## ## ## ## ## ## ## ## |2.|VOLUNTARY||INCOIVIE|INCOIVIE|INCOIVIE||||| |---|---|---|---|---|---|---|---|---|---| |||||||Unrestricted|Restricted|Total|Total| |||||||funds|funds|funds|funds| |||||||2021
f|2021
f|2021
f|2020f| ||Donations|||||106,906||106,906|21,715| |||||||106,906||106,906|21,715| |3.|INVESTMENT||INCOME||||||| |||||||Unrestricted|Restricted|Total|Total| |||||||funds|funds|funds|funds| |||||||2021
f|2021
f|2021
f|2020f| ||Investment
income
listed investments||||from|4,774||4,774|6,916| ||INCOMING|RESOURCES FROM CHARITABLE ACTIVITIES|||||||| |||||||Unrestricted|Restricted|Total|Total| |||||||funds|funds|funds|funds| |||||||2021
f|2021
f|2021
f|2020f| ||Courses and
accommodation|||fees||25,599||25,599|102,595| |5.|OTHER INCOMING||||RESOURCES||||| |||||||Unrestricted|Restricted|Total|Total| |||||||funds|funds|funds|funds| |||||||2021
f|2021
f|2021
f|2020f| ||Job retention|||scheme grant||50,563||50,563|21,726| ||Discretionary|||COVID grant||2,500||2,500|5,000| ||Solar energy|||||489
53,552||489
53,552|743
27,469| ## ## |.|EXPENDITURE|BYCHARITABLE|BYCHARITABLE|ACTIVITY|||| |---|---|---|---|---|---|---|---| ||SUMMARY BY|FUND TYPE|||||| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|funds|funds| |||||2021|2021|2021|2020| |||||E|E|E|E| ||Direct costs
Support costs|(Note 8)
(Note 9)||131,610
51p450||131,610
51,450|180,811
44,013| |||||183,060||183,060|224,824| ||SUMMARY BY|EXPENDITURE||TYPE|||| |||||Staff costs|Other costs|Total|Total| |||||2021|2021|2021|2020| |||||E|f|f|6| ||Direct costs
Support costs|(Note 8)
(Note 9)||117,009|14,601
51,450|131,610
51,450|180,811
44,013| |||||117,009|66,051|183,060|224,824| |7.|GOVERNANCE|COSTS|||||| |||||Unrestricted|Restricted|Total|Total| |||||2021|2021|2021|2020| ||Accountancy
Legal and professional||fees|380
2,003||380
2,003|724
13| |||||2,383||2,383|737| ## ## |DIRECT COSTS||||| |---|---|---|---|---| ||||Total|Total| |||Direct costs
f|2021
f|2020f| |Wages 8 salaries
Employer
National
Employer
Pension
Tutorial fees|insurance
Contribution|112,194
2,674
2,141
9,255|112,194
2,674
2p141
9,255|130,007
4,947
2,422
25,378| |Course materials||693|693|5,750| |Travel||284|284|1,005| |Registration
fees City BGuilds
Board 5refreshments||1,698|1,698|3,2-12
8,018| |Irrecoverable
VAT||2,671|2,671|| |Exhibition costs||||72| |||131,610|131,610|1.80,811| |SUPPORT COSTS|||| |---|---|---|---| ||Support|Tota I|Total| ||costs|2021|2020| ||f|f|| |Insurance|5,029|5,029|5,069| |Rates|2121|2 121|2,095| |Heat and light
Printing,
stationery
and postage
Telephone
and internet
Advertising
and public relations
Equipment
hire and maintenance
Property
repairs and maintenance
Health and safety
ITexpenses
Bank charges
Sundry expenses
Depreciation
(Note 14)|6,578
104
5,966
1,544
4,866
4,228
2 212
636
199
17,967
51,450|6,578
104
5,966
1,544
4,866
4,228
2,212
636
199
17,967
51,450|8,072
158
5,440
3,757
1,555
10,115
2,331
2,665
1,117
242
1,397
44,013| ## ## ## |ANALYSIS OF RESOURCE|S EXPE|NDED BYEXPE|NDITURE TYPE|NDITURE TYPE||||| |---|---|---|---|---|---|---|---|---| |||Staff costs|Other costs||Total||Total|| |||2021||2021
f|2021||2020f|| |Direct costs
(Note 8 gi|13)|117,009||14,601|131,610||180,811|| |Support costs (Note 9)
Governance
(Note 7)||||51,450
2,383|51,450
2,383||44,013
737|| |||117,009||68,434|185,443||225,561|| |ANALYSIS OF RESOURCES EXPENDED BYACTIVITIES||||||||| |||Activities||||||| |||undertaken||Support||||| |||directly||costs|Tota I||Total|| |||2021
f||2021
E|2021
f||2020f|| |Direct costs
(Note 8)||131,610|||131,610||180,811|| |Support costs (Note 9)||||51,450|51p450||44,013|| |||131,610||51,450|183,060||224,824|| |NET INCOMING
RESOURCES||||||||| |This is stated after charging:||||||||| |||||||2021
E||2020f| |Depreciation
oftangible
—owned
by the|fixed
charity|assets:|||»,967|||1,397| |During the year, no Trustee
During the year, no Trustee
During the year, no Trustee||received
any
received any
received
any|remuneration
(20-fNIL)
benefits
in kind (20-fNIL)
reimbursement
ofexpenses (20-fNIL)|||||| ## ## ## ## |Staff costs were as|follows:||||| |---|---|---|---|---|---| |||||2021
f|2020f| |Wages and salaries
Employer
National
Employer
Pension|insurance
Contribution|(Note 8)
(Note 8)
(Note 8)||112,194
2p674
2,141
117,009|130,007
4,947
2,422
137,376| |The average
monthly
number||ofemployees|during the year was as follows:|No.
8|No.
9| ## ## |||Freehold|Fixtures and|| |---|---|---|---|---| |||property
f|Fittings
f|Total
f| |Cost||||| |At 1September|2020|165,697|101,237|266,934| |Additions||||| |At 31August 2021||165,697|101,237|266,934| |Depreciation||||| |At 1September
Charge for the|2020
year|16,570|98,787
1p397|98p787
17p967| |At 31August 2021||16,570|100,184|116,754| |Net book value||||| |At 31August 2021||149,127|1p053|150,180| |At 31August 2020||165,697|2,450|168,147| ## ||||||||| |---|---|---|---|---|---|---|---| |5.|FIXED ASSET INVESTMENTS||||||| ||||||||Listed| ||||||||securities| ||||||||f| ||Market value||||||| ||At 1September 2020
Purchases||||||273,229
30,320| ||Disposals
Movement
on cash balances||||||(89,653)
3,029| ||Realised net loss on disposal||||||(4,609)| ||Revaluations
—unrealised|net|loss||||35,209| ||At 31August 2021||||||247,525| ||Investments
at market value comprise:||||||| ||||||2021
f||2020f| ||Cash and dividends
due||||4,265||3,488| ||Listed investments||||243,260||269,741| ||All fixed asset investments|are held||in the UK|||| |16.|PREPAID EXPENDITURE||||||| |||||||2021|2020| |||||||f|f| ||Prepaid expenses
including
accrued
income f1,323 (2020:f900)|||investment||4,765|1,992| |17.|CREDITORS||||||| ||Amounts
falling due within||one year|||2021
f|2020
E| ||Trade creditors|||||78|72| ||Social security
and other|taxes|||||| ||Pension||||||| ||VAT|||||(18)|(148)| ||Accrued expenses|||||9p857|22,075| ||Deferred course income|||||17,612|7, 742| |||||||27,529|19,741| ## ## ## |||Brought|Incoming|Resources|Transfers|Gains/|Carried| |---|---|---|---|---|---|---|---| |||Forward|resources|Expended|In/out|(Losses)|Forward| |Designated|funds||||||| |Designated|funds||||||| |General funds|||||||| |Revaluation||119'042|||(3,365)||115,677| |reserve|||||||| |Generalreserve||236,241|190,831|(185,443)|3,365|30,600|275,594| |Contingency||90,000|||||90'000| |reserve|||||||| |||445,283|190,831|(185,443)||30,600|481,271| |Total|||||||| |unrestricted||445,283|190p831|(185,443)||30,600|481,271| |funds|||||||| ## |SUMMARY|OF FUNDS||||||| |---|---|---|---|---|---|---|---| |||Brought||Incoming
Resources|Transfers|Gains/|Carried| |||Forward|resources
Expended||In/out|(Losses)|Forward| ||||6|f
6|6|6|6| |Designated
funds
General
funds||445,283||(185,443)
190,831||30,600|481,271| |||445,283||190,831
(185,443)||30,600|481,271| |Restricted|funds||||||| |||445,283||190,831
(185,443)||30,600|481,271| |ANALYSIS|OF NET ASSETS BETWEEN|||FUNDS|||| |||||Unrestricted
Restricted||Total|TotoI| |||||funds
funds||funds|funds| |||||2021
f|2021
f|2021
f|2020f| |Tangible fixed assets
Fixed asset investments||||150,180
247,525||150,180
247,525|168,147
273,229| |Current assets||||111,093||111,093|23,648| |Creditors|due within|one year||(27,527)||(27,527)|(19,741)| |||||481,271||481,271|445,283| ##