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||||||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.||||
##
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##
|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|