| CONTENTS | CONTENTS | |
|---|---|---|
| Page | ||
| Reference and administrative details ofthe Charity, |
its Trustees, and advisors | |
| Directors' and Trustees' report |
2—6 | |
| Independent examiner's report |
7-8 | |
| Statement offinancial activities | ||
| Balance sheet | 10 | |
| Notes to the financial statements | 11—20 |
| Trustees | Ms J M Barr Chair |
|||
|---|---|---|---|---|
| Miss A W S Dyer | ||||
| Ms A Goodlng | ||||
| Ms J Heaney (appointed | 25 Feb. 2023) | |||
| Ms J Hedges | ||||
| Mr RJ I Morris |
||||
| Mr J T Leese (appointed | 22 Nov. 2022) | |||
| (resigned | 07 Nov. 2023) | |||
| Company Number |
registered | 02911113 | ||
| 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 | ||||
| SY6785 | ||||
| Bankers | Lloyds Bank | |||
| PO Box1000 | ||||
| Andover | ||||
| BX11LT | ||||
| Investment | Managers | Quilter Cheviot | ||
| Senator House | ||||
| 85 Queen Victoria Street | ||||
| London | ||||
| EC4V4A8 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2023 f |
2023 f |
2023 f |
2022f | ||
| Note | |||||
| INCOMING RESOURCES |
|||||
| Incoming resources from generated |
|||||
| funds: | |||||
| Voluntary income Investment income |
29,280 5,032 |
29,280 5,032 |
3,225 4,280 |
||
| Incoming resources from charitable |
175,357 | 175,357 | 135,374 | ||
| activities | |||||
| Other incoming resources TOTAL INCOMING RESOURCES |
821 2107490 |
821 210,490 |
1,628 144,507 |
||
| RESOURCES EXPENDED | |||||
| Charitable activities |
6 | 2647106 | 264,106 | 234,999 | |
| Governance costs |
7 | 2,306 | 2,306 | 868 | |
| TOTAL RESOURCES EXPENDED | 10 | 266,412 | 266,412 | 235,867 | |
| NET (EXPENDED) / INCOMING RESOURCES BEFORE TRANSFERS |
(55,922) | (55,922) | (91,3601 | ||
| Transfers between funds |
18 | ||||
| NET (EXPENDED)/ INCOMING RESOURCES BEFORE INVESTMENT |
(55,922) | (55,922) | (917360) | ||
| ASSET DISPOSALS | |||||
| Net realised (loss) on disposal of investment assets |
15 | (1,789) | (1,789) | (8,548) | |
| NET (EXPENDED) / INCOMING RESOURCES BEFORE REVALUATIONS |
(57,711) | (57,711) | (99,908) | ||
| Unrealised net (loss) /gain on revaluation of investment assets |
15 | (5,854) | (5,854) | (13,654) | |
| NET MOVEMENT IN FUNDS FOR THE YEAR: (EXPENDED) / INCOMING |
(63,565) | (63,565) | (113,562) | ||
| Total Funds at 1 September 2022 TOTAL FUNDS AT 31AUGUST 2023 |
18 18 |
367,709 304,144 |
367,709 304,144 |
481,271 967,709 |
| 1 M Barr | Chair: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| The | notes | on | pages | 11to | 20 | form | part | ofthese | financial | statements. |
| 2. | VOLUNTARY INCOME |
VOLUNTARY INCOME |
Unrestricted Restricted |
Unrestricted Restricted |
Tota I | Total | |
|---|---|---|---|---|---|---|---|
| funds 2023 f funds 2023 f |
funds 2023 f |
funds 2022f |
|||||
| Donations | 29,280 | 29,280 | 3,225 | ||||
| 29,280 | 29,280 | 3,225 | |||||
| 3. | INVESTIVIENT INCOIVIE | Unrestricted Restricted |
Total | Total | |||
| funds 2023 f |
funds 2023 f |
funds 2023 f |
funds 2022f |
||||
| Investment income from |
5,032 | Sp032 | 4,280 | ||||
| listed investments | |||||||
| INCOMING RESOURCES FROM CHARITABLE ACTIVITIES |
|||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds 2023 f |
funds 2023 f |
funds 2023 f |
funds 2022f |
||||
| Courses and | 175,357 | 175,357 | 135,374 | ||||
| accommodation | fees | ||||||
| OTHER INCOMING | RESOURCES | Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||||
| 2023 f |
2023 f |
2023 f |
2022 | ||||
| Job retention Solar energy |
scheme grant | 821 821 |
821 821 |
1,364 264 1,628 |
| IRECTCOSTS | |||
|---|---|---|---|
| Total | Total | ||
| Direct costs f |
2023 f |
2022f | |
| Wages Brsalaries Employer National Insurance Employer Pension Contribution Tutorial fees Course materials Travel Registration fees City Br Guilds Board Br refreshments Irrecoverable VAT Exhibition costs |
127,457 3,783 2,389 46,016 8,569 2,186 3,330 13,982 (1,338) 77 206,451 |
127,457 3,783 2,389 46,016 8,569 2,186 3,330 13,982 (1,338) 77 206p451 |
119,768 3,540 2/223 32,433 5,157 1,669 3,220 13,374 1,338 540 183,262 |
| SUPPORT COSTS | Support costs f |
Total 2023 f |
Total 2022f |
| Insurance Rates 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) |
5,500 1,619 14,983 258 5,232 1,477 1p551 4,022 3,120 2,000 164 17,729 57,655 |
5,500 1,619 14,983 258 5,232 1p477 1,551 4p022 3,120 2,000 164 17,729 57,655 |
5,212 1,693 10,855 262 5,545 15 1,613 2,236 1,937 2,975 1,556 215 17,623 51,737 |
| 10. | ANALYSIS OF RESOURCES | EXPENDED BYEXPENDITURE TYPE | EXPENDED BYEXPENDITURE TYPE | ||
|---|---|---|---|---|---|
| Staff costs | Other costs | Total | Total | ||
| 2023 f |
2023 | 2023 f |
2022f | ||
| Direct costs (Note 8 &13) Support costs (Note 9) Governance (Note 7) |
133,629 | 72,822 57'655 2,306 |
206p451 57,655 2,306 |
383,26Z 51,737 868 |
|
| 133,629 | 132,783 | 266,412 | 235,867 | ||
| ANALYSIS OF RESOURCES | EXPENDED BYACTIVITIES | ||||
| Activities | |||||
| undertaken | Support | ||||
| directly | costs | Tota I | Total | ||
| 2023 f |
2023 f |
2023 f |
2022f | ||
| Direct costs (Note 8) Support costs (Note 9) |
206p451 | 57,655 | 206,451 57,655 |
283,262 52,737 |
|
| 206,451 | 57,655 | 264,106 | 234,999 |
| Listed | |||||
|---|---|---|---|---|---|
| securities | |||||
| Market value | f | ||||
| At 1September 2022 Purchases |
230,920 | ||||
| Disposals Movement on cash balances Equalisatlon Realised net loss on disposal Revaluations —unrealised net loss Management fees At 31August 2023 |
48,260 (96,149) 2,912 (24) (1,789) (5,854) (1,908) 176,368 |
||||
| Investments at market value comprise: |
|||||
| 2023 | 2022 | ||||
| f | |||||
| Cash end dividends due Listed investments |
4,617 171,751 |
3,768 227,152 |
|||
| All fixed asset investments | are held | in the UK. | |||
| PREPAID EXPENDITURE | |||||
| VAT refund | 2023 f |
2022f | |||
| Prepaid expenses including income f599(2022:f624) |
accrued investment | 3,436 | 1,701 1,412 |
||
| 3,436 | 3113 | ||||
| CREDITORS | |||||
| Amounts falling due within Trade creditors |
one year | 2023 f |
2022f 584 |
||
| VAT | |||||
| Social security and other taxes | 50 | ||||
| Pension | |||||
| Accrued expenses Deferred course income |
4,661 23,763 |
6,440 18,153 |
|||
| 28,474 | 25,177 |
| STATEMENT | OF FU | NDS | |||||
|---|---|---|---|---|---|---|---|
| Brought Forward 01.09.22 |
Incoming resources |
Resources Expended |
Transfers In/out |
Gains/ (Losses) |
Carried Forward 31.08.23 |
||
| Designated | funds | ||||||
| Designated | funds | ||||||
| General funds | |||||||
| Revaluation | 86,432 | (51,734) | 34,698 | ||||
| reserve General reserve |
281,277 | 210,490 | (266~412) | 51/734 | (7,643) | 269,446 | |
| 367/709 | 210I490 | (266~412) | (7,643) | 304,144 | |||
| Total unrestricted |
367~709 | 210490 | (266p412) | (7,643) | 304,144 | ||
| funds | |||||||
| Restricted | funds | ||||||
| —all funds | |||||||
| Total funds | 367,709 | 210,490 | (266,412) | (7,643) | 304,144 |
| Brought | Incoming | Resources | Transfers | Gains/ | Carried | ||
|---|---|---|---|---|---|---|---|
| Forward 01.09.22 |
resources | Expended | In/out | (Losses) | Forward 31.08.23 |
||
| Designated | funds | ||||||
| General funds | 367,709 | 210,490 | (266,412) | (7,643) | 304,144 | ||
| 367p709 | 210p490 | (266p412) | (7,643) | 304,143 | |||
| Restricted | funds | ||||||
| 367,709 | 210p490 | (266,412) | (7p643) | 304,144 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2023 f |
2023 f |
2023 f |
2022 | |
| Tangible fixed assets Fixed asset Investments Current assets Creditors due within one year |
119,465 176,368 36,785 (28,474) |
119,465 176,368 36p785 (28,474) |
132,557 230,920 29,409 (25,177) |
|
| 304'144 | 304,144 | 367,709 |