2021-12-31-accounts

					Unrestricted	Restricted	Total funds	Total funds
					funds 2021	funds 2021	2021	2020
				Notes		f
Income from:
Donations and legacies					688,221	12,080	700,301	187,178
Charitable activities					5,000		5,000	5,000
Other trading activities					1,148,130		1,148,130
Investments					23		23	127
Total Income					1,841,374	12,080	1,&53,454	192,305
Expenditure on:
Charitable activities				6	417,105		417,105	230,982
Other trading activities				8	983,588		983,588
Other expenditure				12	2,444		2,444
Total expenditure					1,403,137		1,403,137	230,982
Net Incoming/(outgoing)		resources	before		438,237	12,080	450,317	(38,677)
transfers
Transfers between funds					12,080	(12,080)
Net income/(expenditure)		for the year/Net			450,317		450,317	(38,677)
movement in funds
Total funds brought	forward				3,061,769		3,061,769	3,100,446
Total funds carried	forward			19	3,5'I2, 086		3,512,086	3,061,769

						2021	2020
							E
Fixed Assets
Tangible assets						3,117,185	3,128,987
Current Assets
Stocks						183,544
Debtors					15	44,893	915
Cash in bank and	in	hand				466,159	251,787
						694,596	252,702
Current Liabilities					16	(166,246)	(162,390)
Net current assets						528,350		90,312
Total assets less	current		liabilities			3,645,535	3,219,299
Creditors: amounts		falling	due	after	17	(133,449)	(157,530)
more than one year
Total net assets						3,512,086	3,061,769
Charity funds
Unrestricted funds					19	3,512,086	3,061,769
Total Funds						3,512,086	3,061,769

				Notes	2021		2020
							K
Cash flows from operating			activities
Net cash	used in operating	activities		21		198,690	190,856
Cash flows from investing			activities
interest received					23		127
Purchase	ofsubsidiary				(4)
Acquired	through Fusion Trading (Biggleswade)
Limited					213,615
Proceeds	from disposal offixed assets				9,500
Purchase	oftangible fixed assets				(160,452)		(10,726)
Net cash	used in investing		activities			62,682	(10,599)
Cash flows in financial activities
Repayments ofborrowing					(47,000)		(70,000)
Net cash (used in} l produced by financial						(47,000)	(70,000)
activities
Change	in cash and cash		equivalents	in the		214,372	110,257
year
Cash and cash equivalents			at the beginning of			251,787	141,530
the year
Cash and cash equivalents			ai the end	ofthe		466,159	251,787
year
The notes	on pages 14to26		form part of	these financial statements.

4.	Charitable		activities
					Rental	Rental Income
					Income	2020
					2021
	Charitable	rental income			5,000	5,000
	The lease	with OneSchool Global UK ls in place until 31December 2027.
5.	Investments				Unrestricted	Unrestricted
					funds	funds
					2021	2020
	Interest receivable				23	127
6.	Charitable		activities		School	School
					premises	premises
					ownership	ownership
					2021	2020
					E	E
	Depreciation		and impairment		240,167	228,832
	Repairs and		maintenance		2,759
	Telephone				76	110
	Motor expenses				26
	Security costs				1,580
	Donations	and gifts			160,000
					404,597	228,942
	Share ofgovernance			costs (see note 9)	12,508	2,040
					417,105	230,982

December 2	021;
					Unrestricted	Total
					Funds	Funds
					2021	2020
					E
Tumovei'					1,138,909
Release ofother debtor					(14,324)
Cost ofsales					(801,642)
					322,943
Donations received					9,221
Administrative	expenses				(167,621)
Related profit Distributions	to parent charity		under	gift aid	164,543 (160,000)
					4,543
Retained profit brought forward Retained profit carried forward					4,543

Tangible &In	tangible	fixed asset	s - Group
			Land and buildings	Leasehold	Plant and	Total Tangible
				Itnprovements	machinery
Cost
At 1 January	2021		3,996,009		49,639	4,045,648
Additions			135,428	5,793	19,231	160,452
Business combinations		(net of
transfers)				54,978	56,684	111,662
Disposals				(20,000)	(49,639)	(69,639)
At 31 December 2021			4,131,437	40,771	75,915	4,248,123
Depreciation	and impairment
At 1 January	2021		870,539		46,122	916,661
Depreciation	charged	in the year	239,086	5,799	18,753	263,638
Depreciation	elim on disposal			(2,167)	(47,194)	(49,361)
At 31 December 2021			1,109,625	3,632	17,681	1,130,938
Carrying amount
31 December	2021		3,021,812	37,139	58,234	3,117,185
31December	2020		3,125,470		3,517	3,128,987

ngible &Inta	ngible f	ixed assets	—Charity
			Land and buildings	Leasehold	Plant and	Total Tangible
				Improvements	machinery
Cost
At 1 January	2021		3,996,009		49,639	4,045,648
Additions			135,428			135,428
Transfers
Disposals					(49,639)	(49,639)
At 31 December 2021			4,131,437			4,131,437
Depreciation	and impairment
At 1 January	2021		870,539		46,122	916,661
Depreciation	charged	in the year	239,086		1,072	240,158
Depreciation	elim on disposal				(47,194)	(47,194)
At 31 December 2021			1,109,625			1,109,625
Carrying amount
31 December	2021		3,021,812			3,021,812
31 December	2020		3,125,470		3,517	3,128,987

NO	TES TO THE FINANCIAL	TES TO THE FINANCIAL	STATEM	ENTS (c	ontlnued	j
14.	Fixed asset investments				2021	(Charity)	2020 (Charity)
				Notes		K
	Investments	in subsidiaries
	Movements	in fixed asset investments
							Shares
	Cost or valuation
	At 31 December 2021
	Carrying amount
	31 December	2021
	Principal subsidiary
	The following	was a subsidiary	undertaking	ofthe Charity:
				Company	number	Registered office	Principal	activity
	Fusion Trading (Biggleswade)		Limited	07159595		The Oaks,	Sale of retail goods
						Potion Road,
						Biggleswade,
						Bedfords hire,
						SG18OER

Name				Income	Expenditure	Profit for	Net
						the year	assets
Fusion	Trading	(Biggleswade)	Limited	2,600,205	1,828,519	489,442	430,214

				Group	Charity	Charity
				2021	2021	2020
				R	E
Trade debtors				42,932		890
Other debtors				1,708		25
Prepayments	and	accrued income		253
				44,893		915
editors: amounts		falling due within one year
				Group	Charity	Charity
				2021	2021	2020
						R
Trade creditors				106,714	2,568	890
Other creditors				4'i,491		160,000
Accruals and	deferred		income	18,041	12,654	1,500
				166,246	15,222	162,390

		Group	Charity	Charity
		2021	2021	2020
				R
Other	creditors	133,449	108,450	157,530

alysis ofnet assets between funds
		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
Fund balances at 31 December 2021 are represented	by:
Intangible &Tangible assets		3,117,185		3,117,185
Net current assets		528,350		528,350
Creditors due in more than one year		(133,449)		(133,449)
Total		3,512,086		3,512,086

cance	llable	operating leases
			Group	Charity
			2021	2020
			30,000	35,000
2. Acquisitions
				Book
				Value
Property,	plant and equipment			134,636
Stock				182,066
Trade and	other receivables			66,723
Cash and	cash	equivalents		213,615
Borrowing	s			(34,999)
Trade and	other payables			(125,369)
Total identifiable		net assets		425,672
Share capital				{4)
Total consideration				425,688

23.	Cash generated (absorbed) from operations	Cash generated (absorbed) from operations	Cash generated (absorbed) from operations	2021	282Q
				f
	Surplus / (Deficit) for the year			450,317	(38,677)
	Adjustments for:
	Investment income recognised	in profit	or loss	(23)	{127)
	Depreciation and impairment	oftangible	fixed assets	263,638	228,832
	Loss on sale oftangible fixed	assets		'l0,777
	Fixed asset transfers			22,975
	Loans waived			(172,080)
	Donation oftrading subsidiary			(425,668)
	Movements in working capital:
	Decrease /(Increase) in stock			(1,477)
	Decrease / (Increase) in debtors			11,744	{211)
	(Decrease) / increase in creditors			38,487	1,039
	Cash generated / (absorbed)	from operations		198,690	190,856