# ## ## ## ||||Page| |---|---|---|---| |Reference and administrative|details ofthe Company,|its Trustees and advisers|| |Trustees'
report|||2-6| |Independent
examiner's
report|||7-8| |Statement
of financial activities|||| |Balance sheet|||10- 11| |Statement
ofcash flows|||12| |Notes to the financial statements|||13-27| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Restricted|Unrestricted|Total|Total| |---|---|---|---|---|---|---| ||||funds|funds|funds|funds| |||Note|2023
2|2023
2|2023
2|2022f| |Income from:||||||| |Grants, donations
and legacies||3|101,987|44,636|146,623|80,834| |Charitable
activities||4||270,904|270,904|297,449| |Other trading
activities||5||270,972|270,972|226,655| |Total income|||101,987|586,512|688,499|504,938| |Expenditure
on:||||||| |Raising funds||||184,858|184,858|193,252| |Charitable
activities||||796,739|796,739|585,297| |Total expenditure||||981,597|981,597|778,549| |Net income/(expenditure)|||101,987|(395,085)|(293,098)|(173,611)| |Transfers
between|funds|18|(195,509)|195,509||| |Nett movement
in|funds||(93,522)|(199,576)|(293,098)|(173,611)| |Reconciliation
of|funds:|||||| |Total funds brought|forward||93,522|920,807|1,014,329|1,187,940| |Nett movement
in funds|||(93,522)|(199,576)|(293,098)|(173,611)| |Total funds carried forward||||721,231|721,231|1,014,329| ## ## ||||||||2023||2022| |---|---|---|---|---|---|---|---|---|---| ||||||Note||||| |Fixed assets|||||||||| |Intangible
assets|||||12||||750| |Tangible assets|||||13||705,404||928,975| ||||||||705,404||929,725| |Current assets|||||||||| |Stocks|||||14|7,499||5,869|| |Debtors|||||15|88,169||108,040|| |Cash at bank and|in|hand||||35,419||88,215|| |||||||131,087||182,124|| |Creditors: amounts||falling||due within one|||||| |year|||||16|(115,260)||(97,520)|| |Nett current assets|||||||15,827||84,604| |Total assets less|current|||liabilities|||721,231||1,014,329| |Nett assets excluding|||pension asset||||721,231||1,014,329| |Total nett assets|||||||721,231||1,014,329| |Charity funds|||||||||| |Restricted
funds|||||18||||93,522| |Unrestricted
funds|||||18||721,231||920,807| |Total funds|||||||721,231||1,014,329| ## ## ## |||2023|2022f| |---|---|---|---| |Cash flows from operating
activities|||| |Nett cash used
in operating
activities||(213,239)|(67,042)| |Cash flows from investing
activities|||| |Proceeds from the sale of tangible
fixed assets||598,818|| |Purchase
of tangible
fixed assets||(418,375)|(264,338)| |Nett cash used in investing
activities||180,443|(264,338)| |Cash flows from financing
activities|||| |Nett cash provided
by financing
activities|||| |Change
in cash and cash equivalents
in the year||(32,796)|(331,380)| |Cash and cash equivalents
at the beginning|of the year|68,215|399,595| |Cash and cash equivalents
at the end of|the year|35,419|68,215| |The notes on pages 13to 27 form part ofthese financial statements|||| ## ## ## ## ## ## ## ## ## ## |Freehold
property|- Not depreciated|| |---|---|---| |Property
improvements|- Not depreciated|| |Motor vehicles|- 25% reducing|balance| |Fixtures and fittings|β€”25% reducing|balance| |Office equipment|- 25% reducing|balance| |Computer
equipment|β€”33%reducing|balance| |Assets under construction|β€” Not depreciated|| ## # # ## ## ## ## ## ## ## ## ## ## ## ||||||||Restricted|Unrestricted|Total|Total| |---|---|---|---|---|---|---|---|---|---|---| ||||||||funds|funds|funds|funds| ||||||||2023
9|2023
9|2023|2022f| ||Donations|||||||44,636|44,636|22,243| ||Grants||||||101,987||101,987|58,591| ||||||||101,987|44,636|146,623|80,834| ||Total 2022|||||||80,834|80,834|| |4.|Income from|charitable|activities|||||||| |||||||||Unrestricted|Total|Totat| |||||||||funds|funds|funds| |||||||||2023
9|2023
9|2022f| ||Core funding|and training|fees|||||270,904|270,904|297,449| |5.|Income from|other trading||activities||||||| ||Income from|non charitable|||trading|activities||||| |||||||||Unrestricted|Total|Totat| |||||||||funds|funds|funds| |||||||||2023|2023|2022| |||||||||9||f| ||Bazaar shop,|Create and|AFC||catering|income||270,972|270,972|225,555| ## ## ## ## ||Restricted|Unrestricted|Total|Total| |---|---|---|---|---| ||funds|funds|funds|funds| ||2023|2023|2023|2022| ||2|6||| |Supplies||184,858|184,858|193,252| |Total 2022|72,596|120,656|193,252|| |7.|Analysis|ofexpenditure|on charitable|activities|||| |---|---|---|---|---|---|---|---| ||Summary|by fund type|||||| ||||||Unrestricted||| ||||||funds|Total|Totat| ||||||2023|2023|2022| ||Charitable|activity support|costs||796,739|796,739|585,297| |8.|Analysis|ofexpenditure|by activities||||| ||||||Support|Total|Totat| ||||||costs|funds|funds| ||||||2023
2|2023
2|2022f| ||Support costs||||796,739|796,739|585,297| ## ## ## ## ## ## ||||||Core|Total|Torsi| |---|---|---|---|---|---|---|---| ||||||funding|funds|funds| ||||||2023|2023
6|2022f| |Staff costs|||||540,447|540,447|425,565| |Depreciation|||||20,214|20,214|18,535| |Student transport|||||620|620|649| |Equipment
hire|||||4,237|4,237|6,861| |Premises|||||80,823|80,823|48,235| |Postage and stationery|||||2,459|2,459|2,559| |Travel expenses|||||17,822|17,822|4,085| |Computer
maintenance|||||2,569|2,569|1,721| |Communications|||||7,916|7,918|9,252| |Bank charges and interest|||||4,795|4,795|1,048| |Advertising
and promotion|||||1,635|1,635|332| |Professional
fees|||||43,794|43,794|40,311| |Sundry expenses|||||14,912|14,912|8,939| |Maintenance,
security and|cleaning||||30,830|30,830|17,205| |Loss on disposal
of property|||||23,664|23,664|| ||||||796,739|796,739|585,297| |Independent
examiner's|remuneration||||||| |||||||2023
6|2022f| |Fees payable to the Company's||independent||examiner|for the independent||| |examination
of the 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|4,350| ## ## |||||2023f|2022| |---|---|---|---|---|---| |Wages and|salaries|||498,471|396,659| |Social security costs||||33,685|23,724| |Contribution|to defined|contribution|pension schemes|8,291|5,182| |||||540,447|425,565| ||||2023|2022| |---|---|---|---|---| ||||No.|No.| |Number|of|staff|25|25| ## ## |||NOTES TO THE FINANCIAL STATEMENTS|| |---|---|---|---| |||FOR THE YEAR ENDED 31 MARCH 2023|| |12.|Intangible assets||| ||||Goodwill| ||Cost||| ||At 1 April 2022||5,000| ||At 31 March 2023||5,000| ||Amortisation||| ||At 1 April 2022||4,250| ||Charge for the year||750| ||At 31 March 2023||5,000| ||Net book value||| ||At 31 March 2023||| ||At 31 March 2022||750| ||||||||000|CII||E
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03||| ## ## ## ## |Stocks|||| |---|---|---|---| |||2023
2|2022f| |Cafe and catering stock||5,643|2,289| |Create shop stock||1,856|3,600| |||7,499|5,869| |Debtors|||| |||2023|2022| |||2|| |Due within one year|||| |Trade debtors||29,114|41,968| |Other debtors||12,789|31,968| |Prepayments|and accrued income|46,266|34,106| |||88,169|108,040| ## ## ## ||||2023|2022| |---|---|---|---|---| |Trade creditors|||84,694|66,228| |Other taxation|and social security||21,269|6,802| |Other creditors|||9,297|1,300| |Accruals and deferred||income||23,190| ||||115,260|97,520| ## |||||||||||2023|2022| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||2|| |Financial|assets||||||||||| |Financial|assets|measured|at|fair|value|through|income|and|expenditure|35,419|68,215| ## ## ## |Stateme|nt|of|fu|nds - current|year||||| |---|---|---|---|---|---|---|---|---|---| ||||||||||Balance at| ||||||Balance at 1|||Transfers|31 March| ||||||April 2022|Income|Expenditure|in/out|2023| ||||||2||2|2|2| |Unrestricted|||funds||||||| |General|Funds -|||all funds|929,725||(19,464)|(204,857)|705,404| |General|fixed||asset fund||(8,918)|586,512|(962,133)|400,366|15,827| ||||||920,807|586,512|(981,597)|195,509|721,231| |Restricted||funds|||||||| |Restricted||Funds||β€”all funds|93,522|101,987||(195,509)|| |Total of|funds||||1,014,329|688,499|(981,597)||721,231| ## ## ## ## |Stateme|nt
of||funds - prior y|ear||||| |---|---|---|---|---|---|---|---|---| |||||||||Balance at| |||||Balance al|||Transfers|31March| |||||1April 2021|Income|Expenditure
f|inloul|2022| |Unrestricted||funds||||||| |General|Funds||- all funds|97,336|604,938|(687,418)|(23,774)|(8,918)| |General|fixed||asset fund|683,921||(18,535)|264,339|929,725| |||||781,257|604,938|(705,953)|240,565|920,807| |Restricted funds||||||||| |All Restricted||Funds||406,683||(72,596)|(240,565)|93,522| |Total of|funds|||1,187,940|604,938|(778,549)||1,014,329| ## |Summary|offunds
- cu|rrent year||||| |---|---|---|---|---|---|---| |||||||Balance at| |||Balance at 1|||Transfers|31 March| |||April 2022|Income|Expenditure|in/out|2023| |||2||2||2| |General funds||920,807|588,512|(981,597)|195,509|721,231| |Restricted|funds|93,522|101,987||(195,509)|| |||1,014,329|588,499|(981,597)||721,231| ## ## ## |||||||Balance at| |---|---|---|---|---|---|---| |||Balance at|||Transfers|31 March| |||1 April 2021|Income
f|Expenditure
f|in/out|2022| |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| ## |Analysis|of n|ett ass|ets|between
funds - current
p|eriod|| |---|---|---|---|---|---|---| ||||||Unrestricted|Total| ||||||funds|funds| ||||||2023|2023| ||||||2|2| |Tangible|fixed|assets|||705,404|705,404| |Current|assets||||131,087|131,067| |Creditors|due|within|one|year|(115,260)|(115,260)| |Total|||||721,231|721,231| ## ## |21.|Reconciliation
of nett movement|Reconciliation
of nett movement|Reconciliation
of nett movement|in funds to|nett cash|flow from operating|activities|| |---|---|---|---|---|---|---|---|---| ||||||||2023|2022| ||||||||2|| ||Net expenditure
for the year (as per|||Statement|of Financial|Activities)|(293,098)|(173,811)| ||Adjustments
for:|||||||| ||Depreciation
charges||||||19,464|17,535| ||Amortisation
charges||||||750|1,000| ||Loss on the sale of fixed assets||||||23,664|| ||Decrease/(increase)|in stocks|||||(1,630)|11,531| ||Decrease
in debtors||||||19,871|20,884| ||Increase
in creditors||||||17,740|55,819| ||Nett cash provided|by operating||activities|||(213,239)|(67,042)| |22.|Analysis ofcash and||cash equivalents|||||| ||||||||2023f|2022f| ||Cash
in hand||||||35,419|68,215| ||Total cash and cash||equivalents||||35,419|68,215| |23.|Analysis ofchanges||in nett debt|||||| |||||||At|1 April||At|31 March| |---|---|---|---|---|---|---|---|---|---|---| ||||||||2022|Cash flows||2023| |||||||||f||f| ||||||||2|||| |Cash|at|bank|and|in|hand||68,215|(32,796)||35,419| ||||||||68,215|(32,796)||35,419| ## ## ## ## ## ## ||||2023|2022f| |---|---|---|---|---| |Not later than||1 year|44,875|48,500| |Later than|1 year and not later than 5years|||44,875| ||||44,875|91,375| ##