##
|||Page||
|---|---|---|---|
|Trustees'
Report|1|to|4|
|Independent
Examiner's
Report||||
|Statement ofFinancial Activities||||
|Statement of Financial Position||||
|Statement ofCash Flows||||
|Notes to the Statement ofCash Flows||||
|Notes to the Financial Statements|10|to|16|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||31/8/22|31/8/21|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes|E|E|E|E|
|INCOME|AND ENDOWMENTS||FROM||||||
|Donations|and legacies||||420,094|59,260|479,354|123,982|
|Charitable|activities||||||||
|Education|||||448,169||448,169|412,158|
|Other trading
activities||||||||965|
|Other income|||||5,095||5,095|107,778|
|Total|||||873,358|59,260|932,618|644,883|
|EXPENDITURE ON|||||||||
|Charitable|activities||||||||
|Education|||||665,435|5,960|671,395|571,301|
|NET INCOME|||||207,923|53,300|261,223|73,582|
|RECONCILIATION||OF FUNDS|||||||
|Total funds|brought|forward|||1,194,092||1,194,092|1,120,510|
|TOTAL FUNDS CARRIED FORWARD|||||1,402,015|53,300|1,455,315|1,194,092|
##
|||||31/8/22|31/8/21|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|E|E|E|E|
|FIXEDASSETS||||||
|Tangible assets|11|1,632,699||1,632,699|1,106,757|
|CURRENT ASSETS||||||
|Debtors|12|76,512||76,512|127,070|
|Cash at bank and in hand||542,594|53,300|595,894|227,419|
|||619,106|53,300|672,406|354,489|
|CREDITORS||||||
|Amounts
falling due within one year|13|(849,790)||(849,790)|(267,154)|
|NET CURRENT ASSETS||(230,684)|53,300|(177,384)|87,335|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||1,402,015|53,300|1,455,315|1,194,092|
|NET ASSETS||1,402,015|53,300|1,455,315|1,194,092|
|FUNDS|15|||||
|Unrestricted
funds||||1,402,015|1,194,092|
|Restricted funds||||53,300||
|TOTAL FUNDS||||1,455,315|1,194,092|
||||31/8/22|31/8/21|
|---|---|---|---|---|
|||Notes|E|E|
|Cash flows from operating|activities||||
|Cash generated
from operations||1|378,331|115,486|
|Net cash provided
by operating
activities|||378,331|115,486|
|Cash flows from investing|activities||||
|Purchase
oftangible fixed assets|||(566,957)||
|Net cash (used in)/provided|by investing|activities|(566,957)||
|Cash flows from financing|activities||||
|New loans
in year|||557,101||
|Net cash provided
by financing
activities|||557,101||
|Change
in cash and cash|equivalents||||
|in the reporting
period|||368,475|115,486|
|Cash and cash equivalents|at the||||
|beginning
ofthe reporting|period||227,419|111,933|
|Cash and cash equivalents|at the end||||
|ofthe reporting
period|||595,894|227,419|
##
|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|
||||31/8/22|31/8/21|
||||E|E|
|Net income for the|reporting|period (as per the Statement of|||
|Financial Activities)|||261,223|73,582|
|Adjustments
for:|||||
|Depreciation
charges|||41,016|29,490|
|Decrease/(increase)|in debtors||50,558|(7,221)|
|Increase
in creditors|||25,534|19,635|
|Net cash provided|by operations||378,331|115,486|
|2.|ANALYSIS OF CHANGES|ANALYSIS OF CHANGES|ANALYSIS OF CHANGES|IN NET FUNDS/(DEBT)||||
|---|---|---|---|---|---|---|---|
||||||At 1.9.21|Cash fiow|At 31.8.22|
||||||E|E|E|
||Net cash|||||||
||Cash at bank and|in hand|||227,419|368,475|595,894|
||||||227,419|368,475|595,894|
||Debt|||||||
||Debts falling due|within|1 year||(104,500)|(557,102)|(661,602)|
||||||(104,500)|(557,102)|(661,602)|
||Total||||122,919|(188,627)|(65,708)|
##
##
##
##
##
##
|2.|DONATIONS|DONATIONS|AND LEGACIES|||||
|---|---|---|---|---|---|---|---|
|||||||31/8/22|31/8/21|
|||||||E||
||Donations
Gift aid|||||467,822
11,532|119,885
4,097|
|||||||479,354|123,982|
|3.|OTHER TRADING ACTIVITIES|||||||
|||||||31/8/22|31/8/21|
|||||||E|E|
||Fundraising|events|||||965|
|4.|INCOME FROM CHARITABLE|||ACTIVITIES||||
|||||||31/8/22|31/8/21|
||||Activity|||E|E|
||Fees||Education|||448,169|412,158|
|5.|CHARITABLE||ACTIVITIES COSTS|||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs|note 7)|Totals|
||||||E|E|E|
||Education||||667,675|3,720|671,395|
|6.|GRANTS PAYABLE|||||||
|||||||31/8/22|31/8/21|
|||||||E|E|
||Education||||||965|
||The total grants||paid to institutions|during|the year was as follows:|||
|||||||31/8/22
f|31/8/21
E|
||Fundraising|events|||||965|
##
##
##
##
|STAFF COSTS|||
|---|---|---|
||31/8/22
E|31/8/21
f|
|Wages and salaries|442,279|433,464|
|Social security costs|11,587|11,737|
|Other pension costs|3,785|3,785|
||457,651|448,986|
|||31/8/22|31/8/21|
|---|---|---|---|
|Teaching staff||39|39|
|Administration|staff|3|3|
|||42|42|
##
##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|fund|funds|
||||E|E|E|
|INCOME|AND ENDOWMENTS|FROM||||
|Donations|and legacies||123,982||123,982|
|Charitable|activities|||||
|Education|||412,158||412,158|
|Other trading
activities|||965||965|
|Other income|||107,778||107,778|
|Total|||644,883||644,883|
|EXPENDITURE ON||||||
|Charitable|activities|||||
|Education|||571,301||571,301|
##
||||||||
|---|---|---|---|---|---|---|
|10.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL|||ACTIVITIES -continued|||
|||||Unrestricted|Restricted|Total|
|||||funds|fund|funds|
|||||E|E|E|
||NET INCOME|||73,582||73,582|
||RECONCILIATION|OF|FUNDS||||
||Total funds
brought|forward||1,120,510||1,120,510|
||TOTAL FUNDS CARRIED FORWARD|||1,194,092||1,194,092|
|11.|TANGIBLE FIXEDASSETS||||||
|||||Equipment,|||
||||Freehold|Fixtures|Motor||
||||property
E|8fittings
E|vehicles
f|Totals
E|
||COST||||||
||At 1stSeptember 2021||1,240,019|87,680||1,327,699|
||Additions||565,457||1,500|566,957|
||At 31stAugust 2022||1,805,476|87,680|1,500|1,894,656|
||DEPRECIATION||||||
||At 1st September 2021||143,854|77,088||220,942|
||Charge for year||37,208|3,582|225|41,015|
||At 31stAugust 2022||181,062|80,670|225|261,957|
||NET BOOK VALUE||||||
||At 31stAugust 2022||1,624,414|7,010|1,275|1,632,699|
||At 31stAugust 2021||1,096,165|10,592||1,106,757|
|12.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||31/8/22|31/8/21|
||||||E||
||Trade debtors||||49,034|99,472|
||Prepayments
and accrued income||||27,478|27,598|
||||||76,512|127,070|
##
|13.|CREDITOR||S:|AMOUN|TS
FAL|LING DUE WITHIN|ONE YEAR|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31/8/22|31/8/21|
|||||||||E|E|
||Trade creditors|||||||19,851|12,580|
||Taxation and||social security|||||3,266|50|
||Other creditors|||||||826,673|254,524|
|||||||||849,790|267,154|
|14.|LOANS|||||||||
||An analysis|of||the maturity of loans is given below:||||||
|||||||||31/8/22|31/8/21|
|||||||||E|E|
||Amounts
falling|||due within one||year on demand:||||
||Other loans|||||||661,602|104,500|
|15.|MOVEMENT||IN FUNDS|||||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.9.21|in funds|31.8.22|
||||||||E|E|E|
||Unrestricted||funds|||||||
||General fund||||||1,194,092|207,923|1,402,015|
||Restricted funds|||||||||
||Zakat|||||||53,300|53,300|
||TOTAL FUNDS||||||1,194,092|261,223|1,455,315|
||Net movement|||in funds,|included|in the above are as|follows:|||
||||||||Incoming|Resources|Movement|
||||||||resou I'ces
E|expended
f|in funds
E|
||Unrestricted||funds|||||||
||General fund||||||873,358|(665,435)|207,923|
||Restricted funds|||||||||
||Zakat||||||59,260|(5,960)|53,300|
||TOTAL FUNDS||||||932,618|(671,395)|261,223|
##
##
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.9.20|in funds|31.8.21|
|||E|E|E|
|Unrestricted|funds||||
|General fund||1,120,510|73,582|1,194,092|
|TOTAL FUNDS||1,120,510|73,582|1,194,092|
|Compar|ative|net movement
in funds,
inc|luded
in the above are as follows|:||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||E|E|E|
|Unrestricted||funds||||
|General|fund||644,883|(571,301)|73,582|
|TOTAL|FUNDS||644,883|(571,301)|73,582|
|A current yea|r 12months
and prior year|12months
combined
position
is a|s follows:||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.9.20|in funds|31.8.22|
|||E|E|E|
|Unrestricted|funds||||
|General fund||1,120,510|281,505|1,402,015|
|Restricted funds|||||
|Zakat|||53,300|53,300|
|TOTAL FUNDS||1,120,510|334,805|1,455,315|
|A current yea
above are as|r 12 months
and prior yea
follows:|r 12 months
combined
net move|ment
in funds,
|included
in|
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||E|E|E|
|Unrestricted|funds||||
|General fund||1,518,241|(1,236,736)|281,505|
|Restricted funds|||||
|Zakat||59,260|(5,960)|53,300|
|TOTAL FUNDS||1,577,501|(1,242,696)|334,805|
##