| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe Company, | Its Trustees and advisers | |
| Trustees' report |
2-6 | ||
| Inde pendent examiner's report |
7-8 | ||
| Statement offinancial activities |
|||
| Balance sheet | 10-11 | ||
| Statement ofcash flows | 12 | ||
| Notes to the financial statements | 13-28 |
| Restricted | Unrestricted | Total | Tots/ | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| Note | 2022 | 2022f | 2022 F. |
2021f | ||
| Income from: | ||||||
| Grants, donations and legacies |
80,834 | 80,834 | 610,130 | |||
| Charitable activities |
297,449 | 297,449 | 347,790 | |||
| Other trading activities |
226,655 | 226,655 | 142,571 | |||
| Interest | ||||||
| Total Income | 604,938 | 604,938 | 1,100,492 | |||
| Expenditure on: |
||||||
| Raising funds | 72,596 | 120,656 | 193,252 | 223,289 | ||
| Charitable activities |
585,297 | 585,297 | 469,648 | |||
| Total expenditure | 72,596 | 705,953 | 778,549 | 692,937 | ||
| Net (expenditure)/income | (72,596) | (101,015) | (173,611) | 407,555 | ||
| Transfers between |
funds | 19 | (240,565) | 240,565 | ||
| Nett movement In |
funds | (313,161) | 139,550 | (173,611) | 407,555 | |
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 406,683 | 781,257 | 1,187,940 | 780,385 | |
| Nett movement in funds |
(313,161) | 139,550 | (173,611) | 407,555 | ||
| Total funds carried | forward | 93,522 | 920,807 | 1,014,329 | 1,187,940 |
| Note | 2022f | 2021f | |||||
|---|---|---|---|---|---|---|---|
| Fixed assets | |||||||
| Intangible assets |
13 | 750 | 1,750 | ||||
| Tangible assets | 14 | 928,975 | 682,172 | ||||
| 929,725 | 683,922 | ||||||
| Current assets | |||||||
| Stocks | 15 | 5,869 | 17,400 | ||||
| Debtors | 16 | 108,040 | 128,924 | ||||
| Cash at bank and in hand | 68,215 | 399,595 | |||||
| 182,124 | 545,919 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 17 | (97,520) | (41,901) | ||||
| Nett current assets | 84,604 | 504,018 | |||||
| Total assets less current liabilities | 1,014,329 | 1,187,940 | |||||
| Nett assets excluding | pension esse't | 1,014,329 | 1,187,940 | ||||
| Total nett assets | 1,014,329 | 1,187,940 | |||||
| Charity funds | |||||||
| Restricted funds | 19 | 93,522 | 406,683 | ||||
| Unrestricted funds |
19 | 920,807 | 781,257 | ||||
| Total funds | 1,014,329 | 1,187,940 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 6 | 5 | ||||||
| Cash flows from operating | activities | ||||||
| Nett cash | used in operating |
activities | (67,042) | 450,567 | |||
| Cash flows from Investing | activities | ||||||
| Dividends, | interests and rents from Investments |
1 | |||||
| Purchase | oftangible fixed assets |
(264,338) | (53,295) | ||||
| Nett cash | used In Investing activities |
(264,338) | (53,294) | ||||
| Cash flows from financing | activities | ||||||
| Nett cash | provided by financing activities |
||||||
| Change in cash and cash |
equivalents | In the year | (331,380) | 397,273 | |||
| Cash and | cash equivalents | at the beginning | ofthe year | 399,595 | 2,322 | ||
| Cash and | cash equivalents | at the end | of | the year | 68,215 | 399,595 | |
| The notes | on pages 13to 28 form part ofthese financial | statements |
| Freehold property |
- Not depreciated | - Not depreciated |
|---|---|---|
| Property improvements |
- Not depreciated | |
| Motor vehicles | - 25% reducing | balance |
| Fixtures and fittings | - 25% reducing | balance |
| Office equipment | - 25% reducing | balance |
| Computer equipment |
- 33%reducing | balance |
| Assets under construction | - Not depreciated |
| Restricted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| E | E | E | E | |||
| Donations | 22,243 | 22,243 | 6,661 | |||
| Grants | 58,591 | 58,591 | 546,770 | |||
| Government | covid-19 support grants | 56,699 | ||||
| 80,834 | 80,834 | 610,130 | ||||
| Total 2021 | 549,567 | 60,543 | 610,130 | |||
| Income from | charitable | activities | ||||
| Unrestricted | Total | Total | ||||
| funds | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| E | E | E | ||||
| Core funding | and training | fees | 297,449 | 297,449 | 347,790 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2022f | 2022 F |
2021 |
| 226,655 | 226,655 | 142,571 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2022 F |
2022 6 |
2021f |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| F. | 5 | ||||
| Supplies | 72,596 | 120,656 | 193,252 | 222,593 | |
| Workshop | and general expenses | 696 | |||
| 72,596 | 120,656 | 193,252 | 223,289 | ||
| Total 2021 | 105,359 | 117,930 | 223,289 |
| Restricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total | Total | ||
| 2022 f |
2022 | 2022f | 2021f | ||
| Charitable | activity support costs | 585,297 | 585,297 | 469,648 | |
| Total 2021 | 133,206 | 336,442 | 469,648 |
| Support | Total | Total | ||
|---|---|---|---|---|
| costs | funds | funds | ||
| 2022 8 |
2022 f |
2021 | ||
| Support | costs | 585,297 | 585,297 | 469,648 |
| Core | Total | Total | |
|---|---|---|---|
| funding | funds | funds | |
| 2022 | 2022 6 |
2021f | |
| Staff costs | 425,565 | 425,565 | 324,863 |
| Depreciation | 18,535 | 18,535 | 12,273 |
| Student transport | 649 | 649 | 529 |
| Equipment hire |
6,861 | 6,861 | 8,266 |
| Premises | 48,235 | 48,235 | 46,402 |
| Postage and stationery | 2,559 | 2,559 | 3,166 |
| Travel expenses | 4,085 | 4,085 | 9,980 |
| Computer maintenance |
1,721 | 1 721 | 2,268 |
| Communications | 9,252 | 9,252 | 5,609 |
| Bank charges and interest | 1,048 | 1,048 | 963 |
| Advertising and promotion |
332 | 332 | 355 |
| Professional fees |
40,311 | 40,311 | 37,063 |
| Sundry expenses | 8,939 | 8,939 | 6,253 |
| Maintenance, security and cleaning |
17,205 | 17,205 | 11,438 |
| 585,297 | 585,297 | 469,648 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 6 | |||||||
| Fees payable | to the Company's | independent | examiner | for the independent | |||
| examination | ofthe Company's | annual | accounts | 3,150 | 3,150 | ||
| Fees payable | to the Company's | independent | examiner | in respect of: | |||
| All other services not included | above | 4,350 | 3,600 |
| 2022 6 |
2021f | ||||
|---|---|---|---|---|---|
| Wages and | salaries | 396,659 | 292,569 | ||
| Social security costs | 23,724 | 25,633 | |||
| Contribution | to defined | contribution | pension schemes | 5,182 | 6,661 |
| 425,565 | 324,863 |
| 2022 | 2021 | ||
|---|---|---|---|
| No. | No. | ||
| Number | ofstaff | 25 | 23 |
| NOTES TO THE FINANCIAL STATEMENTS | |||
|---|---|---|---|
| FOR THE YEAR ENDED 31 MARCH 2022 | |||
| 13. | Intangible assets | ||
| Goodwill | |||
| 5 | |||
| Cost | |||
| At 1 April 2021 | 5,000 | ||
| At 31 March 2022 | 5,000 | ||
| Amortisation | |||
| At 1 April 2021 | 3,250 | ||
| Charge for the year | 1,000 | ||
| At 31 March 2022 | 4,250 | ||
| Net book value | |||
| At 31 March 2022 | 750 | ||
| At 31March 2021 | 1,750 |
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| 2022f | 2021f | |
|---|---|---|
| Cafe and catering stock | 2,269 | 1,700 |
| Bazaar shop stock | 3,600 | 15,700 |
| 5,869 | 17,400 |
| 2022 f |
2021 f |
||
|---|---|---|---|
| Due within one year | |||
| Trade debtors | 41,968 | 19,090 | |
| Other debtors | 31,966 | 9,408 | |
| Prepayments | and accrued income | 34,106 | 100,428 |
| 108,040 | 128,924 |
| 2022f | 2021f | |||
|---|---|---|---|---|
| Trade creditors | 66,228 | 24,934 | ||
| Other taxation | and social security | 6,802 | ||
| Other creditors | 1,300 | 1,230 | ||
| Accruals and deferred | income | 23,190 | 15,737 | |
| 97,520 | 41,901 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Belence at | Transfers | 31March | |||||
| 1 April 2020f | Income 5 |
Expenditure | in/outf | 2021 | |||
| Unrestricted | funds | ||||||
| General | Funds - all funds | (6,750) | 550,967 | (442,161) | (4,720) | 97,336 | |
| General | fixed | asset fund | 642,699 | (12,273) | 53,295 | 683,921 | |
| 636,149 | 550,967 | (454,434) | 48575 | 781257 | |||
| Restricted funds | |||||||
| All Restricted | Funds | 144,236 | 549,587 | (236,565) | (48,575) | 406,683 | |
| Total of | funds | 780,385 | 1,100,554 | (692,999) | 1,187,940 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | 31 March | ||||
| April 2021 | Income | Expenditure | In/out | 2022 | ||
| 6 | E | 6 | 6 | 6 | ||
| General funds | 781,257 | 604,938 | (705,953) | 240,565 | 920,807 | |
| Restricted | funds | 406,683 | (72,596) | (240,565) | 93,522 | |
| 1,187,940 | 604,938 | (778,549) | 1,014,329 |
| Summary | offunds - pri | or year | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | Transfers | 31March | ||||
| 1 April 2020 | income | Expenditure | in/oui | 2021 | ||
| 6 | 6 | 6 | ||||
| General funds | 636,149 | 550,967 | (454,434) | 48,575 | 781,257 | |
| Restricted | funds | 144,236 | 549,587 | (238,565) | (48,575) | 406,683 |
| 780,385 | 1,100,554 | (692,999) | 1,187,940 |
| Analysis Analysis |
of nett assets between of nett assets between |
funds funds - current period |
|||
|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | |||
| funds | funds | funds | |||
| 2022 | 2022 | 2022 | |||
| 8 | 8 | ||||
| Tangible | fixed assets | 928,974 | 928,974 | ||
| Intangible | fixed assets | 750 | 750 | ||
| Current assets | 93,522 | 88,602 | 182,124 | ||
| Creditors | due within one year | (97,520) | (97,520) | ||
| Total | 93,522 | 920,806 | 1,014,328 | ||
| Analysis | of nett assets between | funds - prior period | |||
| Restricted | Unrestricted | Total | |||
| funds | funds | funds | |||
| 2021 f |
2021 8 |
2021 6 |
|||
| Tangible | fixed assets | 682,172 | 682,172 | ||
| Intangible | fixed assets | 1,750 | 1,750 | ||
| Current assets | 406,683 | 139,236 | 545,919 | ||
| Creditors | due within one year | (41,901) | (41,901) | ||
| Ttl | 406,683 | 781,257 | 1,187,940 |
| NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FOR THE YEAR | ENDED 31 MARCH | 2022 | ||||||||||||
| 22. | Reconciliation ofnett |
movement | In funds to nett cash flow | from operating | activities | |||||||||
| 2022 | 2021 | |||||||||||||
| F | ||||||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of | Financial | ||||||
| Activities) | (173,611) | 407,555 | ||||||||||||
| Adjustments | for: | |||||||||||||
| Depreciation | charges | 17,535 | 11,273 | |||||||||||
| Amortisation | charges | 1,000 | 1,000 | |||||||||||
| Dividends, interests |
and | rents from | investments | (1) | ||||||||||
| Decrease in |
stocks | 11,531 | 7,550 | |||||||||||
| Decrease In |
debtors | 20,884 | 54,322 | |||||||||||
| Increase/(decrease) | in creditors | 55,619 | (31,132) | |||||||||||
| Nett cash provided | by | operating | activities | (67,042) | 450,557 | |||||||||
| 23. | Analysis of | cash and cash equivalents | ||||||||||||
| 2022f | 2021 | |||||||||||||
| Cash in hand |
68,215 | 399,595 | ||||||||||||
| Total cash and cash equivalents | 68,215 | 399,595 | ||||||||||||
| 24. | Analysis of | changes | In | nett debt | ||||||||||
| At 1 April | At | 31 March | ||||||||||||
| 2021 | Cash flows F |
2022 f |
||||||||||||
| Cash at bank | and in hand |
399,595 | (331,380) | 68,215 | ||||||||||
| 399,595 | (331,380) | 68,215 |
| 2022 8 |
202ff | |||
|---|---|---|---|---|
| Not later than | 1 year | 46,500 | f4,120 | |
| Later than | 1 | year and not later than 5years | 44,875 | 1f,375 |
| 91,375 | 25,495 |