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|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||
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|||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|
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|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|
##
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||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|
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|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|
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|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)||||
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|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|
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|||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|
##
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|||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|
##
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|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|