| CONTENTS | CONTENTS | |
|---|---|---|
| Page | ||
| Reference and administrative details ofthe Charity, |
its Trustees, and advisers | |
| Directors' and Trustees' report |
2—6 | |
| Independent examiner's report |
7-8 | |
| Statement offinancial activities |
||
| Balance sheet | 10 | |
| Notes tothe financial statements | 11—20 |
| Trustees | Ms J M Barr Chair |
|||
|---|---|---|---|---|
| Miss A W S Dyer | ||||
| Ms A Gooding | ||||
| Ms J Hedges | ||||
| Mr R J I Morris |
||||
| Mr J T Ieese (appointed | 22 Nov. 2022) | |||
| Company | registered | |||
| Number | 2911113 | |||
| Charity registered | ||||
| Number | 1036877 | |||
| Registered | office | Westhope College |
||
| Craven Arms | ||||
| Shropshire | ||||
| SY7 9JL | ||||
| Accountant | B.Hilliard FCA |
|||
| Chartered Accountant |
||||
| Sandford I odge |
||||
| 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 | ||
| 2022 f |
2022 f |
2022 f |
2021f | ||
| Note | |||||
| INCOMING RESOURCES |
|||||
| Incoming resources from generated |
|||||
| funds; Voluntary income Investment income |
2,336 5,169 |
2,336 5,169 |
106,906 4,774 |
||
| Incoming resources from charitable |
135,374 | 135,374 | 25,599 | ||
| activities | |||||
| Other incoming resources |
1,628 | 1,628 | 53,552 | ||
| TOTAL INCOMING RESOURCES |
144,507 | 144,507 | 190,831 | ||
| RESOURCES EXPENDED | |||||
| Charitable activities |
6 | 234,999 | 234,999 | 183r060 | |
| Governance costs |
7 | 868 | 868 | 2,383 | |
| TOTAL RESOURCES EXPENDED | 10 | 235,867 | 235,867 | 185,443 | |
| NET (EXPENDED) / INCOMING RESOURCES BEFORETRANSFERS |
(91,360) | (91,360) | 5,388 | ||
| Transfers between funds |
18 | ||||
| NET (EXPENDED)/ INCOMMING RESOURCES BEFORE INVESTMENT |
(91,360) | (91,360) | 5,388 | ||
| ASSET DISPOSALS | |||||
| Net realised (loss) on disposal of investment assets |
15 | (8,548) | (8,548) | (4,609) | |
| NET (EXPENDED) / INCOMMING RESOURCES BEFORE REVALUATIONS |
(99,908) | (99,908) | 779 | ||
| Unrealised net (loss) /gain on revaluation of investment assets |
15 | (13,654) | (13,654) | 35,209 | |
| NET MOVEMENT IN FUNDS FOR THE YEAR: (EXPENDED) / INCOMING |
(113,562) | (113,562) | 35,988 | ||
| Total Funds at 1September 2020 | 18 | 481,271 | 481,271 | 445,283 | |
| TOTAL FUNDS AT 31 AUGUST 2021 | 18 | 367,709 | 367,709 | 481,271 |
| BALANCE SHEET | ||||||||
|---|---|---|---|---|---|---|---|---|
| AS | AT31 AUGUST 2022 | |||||||
| 2022 | 2021 | |||||||
| Note | E | 6 | ||||||
| FIXED ASSETS Tangible assets Investments |
14 15 |
132,557 230,920 |
150,180 247,525 |
|||||
| 363,477 | 397,705 | |||||||
| CURRENT ASSETS | ||||||||
| Stocks | 500 | 500 | ||||||
| Accrued income and prepaid Cash at bank and in hand |
expenses | 16 | 3I113 25p796 |
4, 783 105,828 |
||||
| 29,409 | 111,111 | |||||||
| CREDITORS & Deferred | Income: | |||||||
| amounts falling due within one year |
17 | (25,177) | (27,545) | |||||
| NET CURRENT ASSETS | 4,232 | 83,566 | ||||||
| TOTAL ASSETS | 367,709 | 481,271 | ||||||
| CHARITY FUNDS | ||||||||
| Unrestricted funds |
18 | 367,709 | 481,271 | |||||
| Restricted funds |
18 | |||||||
| TOTALFUNDS | 367,709 | 481,271 |
| 2. | VOLUNTARY | INCOME | INCOME | INCOME | |||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||
| funds | funds | funds | funds | ||||||
| 2022 f |
2022 f |
2022 f |
2021f | ||||||
| Donations | 2,336 | 2,336 | 106,906 | ||||||
| 2,336 | 2,336 | 106,906 | |||||||
| 3. | INVESTMENT | INCOME | |||||||
| Unrestricted | Restricted | Total | Total | ||||||
| funds | funds | funds | funds | ||||||
| 2022 f |
2022 f |
2022 f |
2021 f |
||||||
| Investment income listed investments |
from | 5,169 | 5,169 | 4, 774 | |||||
| INCOMING | RESOURCES FROM | CHARITABLE ACTIVITIES | |||||||
| Unrestricted | Restricted | Tota I | Total | ||||||
| funds | funds | funds | funds | ||||||
| 2022 | 2022 | 2022 | 2021 | ||||||
| f | f | f | 6 | ||||||
| Courses and accommodation |
fees | 135,374 | 135,374 | 25,599 | |||||
| 5. | OTHER INCOMING | RESOURCES | |||||||
| Unrestricted | Restricted | Tota I | Total | ||||||
| funds | funds | funds | funds | ||||||
| 2022 f |
2022 | 2022 f |
2021f | ||||||
| Job retention Discretionary Solar energy |
scheme grant COVID grant |
1p364 264 1,628 |
1,364 264 1,628 |
50,563 2,500 489 53,552 |
| SUIVIIVIARY BY FUND TYPE | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Tota I | Total | ||
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| f | f | f | 6 | ||
| Direct costs (Note 8/13) Support costs (Note 9) |
183,262 51,737 |
183,262 51,737 |
131,610 51,450 |
||
| 234,999 | 234p999 | 183,060 | |||
| SUMMARY BYEXPENDITURE | TYPE | ||||
| Staff costs | Other costs | Total | Total | ||
| 2022 f |
2022 f |
2022 f |
2021f | ||
| Direct costs (Note 8) Support costs (Note 9) |
125,531 | 57p731 51,737 |
183,262 51,737 |
131,610 51,450 |
|
| 125,531 | 109,468 | 234,999 | 183,060 | ||
| 7. | GOVERNANCE COSTS |
Unrestricted | Restricted | Total | Total |
| 2022 | 2022 | 2022 | 2021 | ||
| Accountancy Legal and professionalfees |
570 298 |
570 298 |
380 2,003 |
||
| 868 | 868 | 2,383 |
| DIRECT COSTS | ||||
|---|---|---|---|---|
| Total | Total | |||
| Direct costs f |
2022 f |
2021f | ||
| Wages &,salaries Employer National Insurance Employer Pension Contribution Tutorial fees |
119,768 3,540 2.223 32,433 |
119,768 3,540 2I223 32,433 |
112,194 2,674 2,141 9,255 |
|
| Course materials | 5,157 | 5,157 | 693 | |
| Travel | 1,669 | 1,669 | 284 | |
| Registration fees City Board &refreshments |
&.Guilds | 3,220 13,374 |
3,220 13,374 |
1,698 |
| Irrecoverable VAT |
1,338 | 1,338 | 2,671 | |
| Exhibition costs | 540 | 540 | ||
| 183,262 | 183,262 | 131,610 | ||
| SUPPORT COSTS | ||||
| Support | Tota I | Total | ||
| costs f |
2022 f |
2021f | ||
| Insurance | 5,212 | 5,212 | 5,029 | |
| Rates | tp693 | 1,693 | 2,121 | |
| Heat and light Printing, stationery, and postage Telephone and internet Advertising and public relations Photocopier hire and maintenance Property repairs and maintenance Health and safety ITexpenses Bank charges Sundry expenses Depreciation (Note 14) |
10,855 262 5,545 15 1,613 2,236 1,937 2,975 1,556 215 17,623 51,737 |
10,855 262 5,545 15 1,613 2,236 1,937 2p975 1,556 215 17,623 51,737 |
6,578 104 5,966 1,544 4,866 4,228 2212 636 1.99 17,967 51,450 |
| ANALYSIS OF RESOURCES EXPE | NDED BYEXPE | NDITURE TYPE | NDITURE TYPE | ||
|---|---|---|---|---|---|
| Staff costs | Other costs | Tota I | Total | ||
| 2022 | 2022 | 2022 | 2021 | ||
| f | f | ||||
| Direct costs (Note 8 &.13) Support costs (Note 9) Governance (Note 7) |
125,531 | 57,731 51p737 868 |
183,262 51,737 868 |
131,610 51,450 2,383 |
|
| 125,531 | 110,336 | 235p867 | 185,443 | ||
| ANALYSIS OF RESOURCES EXPENDED BYACTIVITIES | |||||
| Activities | |||||
| undertaken | Support | ||||
| directly | costs | Tota I | Total | ||
| 2022 f |
2022 f |
2022 f |
2021f | ||
| Direct costs (Note 8) Support costs (Note 9) |
183,262 | 51,737 | 183,262 51,737 |
131,610 51,450 |
|
| 183,262 | 51,737 | 234,999 | 183,060 | ||
| NET INCOMING RESOURCES |
|||||
| This is stated after charging: | |||||
| 2022 f |
2021f | ||||
| Depreciation oftangible fixed —owned by the charity |
assets: | 17p623 | 17,967 | ||
| During the year, no Trustee During the year, no Trustee During the year, no Trustee |
received any received any received any |
remuneration (21-fNIL) benefits in kind (21-fNIL) reimbursement ofexpenses (21-fNIL) |
| Staff costs | were as | fo | llows: | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| f | ||||||||
| Wages and | salaries | (Note 8) | 119,768 | 112,194 | ||||
| Employer Employer |
National Pension |
Insurance Contribution |
(Note 8) (Note 8) |
3,540 2 223 |
2,674 2,141 |
|||
| 125,531 | 117,009 | |||||||
| The average | monthly | number | ofemployees | during the year was as follows: | No. | No. | ||
| 8 | 8 |
| Freehold | Fixtures and | |||
|---|---|---|---|---|
| property f |
Fittings E |
Total f |
||
| Cost | ||||
| At 1September | 2021 | 165,697 | 101,237 | 266,934 |
| Additions | ||||
| At 31August 2022 | 165,697 | 101,237 | 266,934 | |
| Depreciation | ||||
| At 1September | 2021 | 16,570 | 100,184 | 116,754 |
| Charge for the | year | 16'570 | 1p053 | 17,623 |
| At 31August 2022 | 33,140 | 101,237 | 134,377 | |
| Net book value | ||||
| At 31August 2022 | 132p557 | 132,557 | ||
| At 31August 2021 | 149,127 | 1,053 | 150,180 |
| 15. | FIXED ASSET INVESTMENTS | FIXED ASSET INVESTMENTS | FIXED ASSET INVESTMENTS | |||||
|---|---|---|---|---|---|---|---|---|
| Listed | ||||||||
| securities | ||||||||
| f | ||||||||
| Market value | ||||||||
| At 1September 2021 |
247,525 | |||||||
| Purchases | 48,425 | |||||||
| Disposals Movement on cash |
balances | (44~619) 1,791 |
||||||
| Realised net loss on disposal | (8,548) | |||||||
| Revaluations —unrealised |
net loss | (13,654) | ||||||
| At 31August 2022 | 230,920 | |||||||
| Investments at market value comprise: |
||||||||
| 2022 f |
2021f | |||||||
| Cash and dividends | due | 3,768 | 4,265 | |||||
| Listed investments | 227,152 | 243,260 | ||||||
| All fixed asset investments | are held | in the UK. | ||||||
| 16. | PREPAID EXPENDITURE | |||||||
| 2022 f |
2021f | |||||||
| VAT refund | 1,701 | 18 | ||||||
| Prepaid expenses including accrued income 6624(2021:f1323) |
investment | 1,412 | 4,765 | |||||
| 3 113 | 4, 783 | |||||||
| 17. | CREDITORS | |||||||
| Amounts falling due within |
one year | 2022 f |
2021 f |
|||||
| Trade creditors | 584 | 78 | ||||||
| Social security and |
other | taxes | ||||||
| Pension | ||||||||
| Accrued expenses | 6,440 | 9,856 | ||||||
| Deferred course income | 18,153 | 17,611 | ||||||
| 25,177 | 27,545 |
| Brought Forward 01.09.22 |
incoming resources |
Resources Expended |
Transfers In/out |
Gains/ (Losses) |
Carried Forward 31.08.22 |
||
|---|---|---|---|---|---|---|---|
| Designated | funds | ||||||
| Designated | funds | ||||||
| General funds | |||||||
| Revaluation | 115,677 | (29,245) | 86,432 | ||||
| reserve | |||||||
| General reserve | 275,594 | 144,507 | (235,867) | 119,245 | (22,202) | 281,277 | |
| Contingency | 90,000 | (90,000) | |||||
| reserve | |||||||
| 481,271 | 144,507 | (235,867) | (22,202) | 367,709 | |||
| Total | |||||||
| unrestricted | 481,271 | 144,507 | (235,867) | (22,202) | 367,709 | ||
| funds | |||||||
| Restricted | funds | ||||||
| —all funds | |||||||
| Total funds | 481(271 | 144507 | (235~867) | (22,202) | 367,709 |
| SUMMARY | OF FUNDS | OF FUNDS | |||||
|---|---|---|---|---|---|---|---|
| Brought Forward 01.09.21 |
Incoming resources |
Resources Expended |
Transfers In/out |
Gains/ (Losses) |
Carried Forward 31.08.22 |
||
| Designated funds General funds |
481,271 481,271 |
144,507 144,507 |
(235,867) (235,867) |
(22,202) (22,202) |
367,709 367,709 |
||
| Restricted | funds | ||||||
| 481,271 | 144,507 | (235,867) | (22,202) | 367,709 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 f |
2022 f |
2022 f |
2021 f |
|||
| Tangible fixed assets Fixed asset investments Current assets |
132,557 230,920 29,409 |
132,557 230(920 29,409 |
150,180 247,525 111,111 |
|||
| Creditors | due within | one year | (25,177) | (25,177) | (27,545) | |
| 367,709 | 367,709 | 481,271 |