## ## |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|