2023-03-31-accounts - Educare M

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EFERENCEANDADMINISTRATIONDE	TAILS
TRUSTEES	Declan Linnane (Chair)
	MarjorieBannister(Vicechair)
	Adam Hardy
	HelenHill
	Maureen Martin
	Patrick Morrissey
	DavidO'Farrell
	JohnShinkwin
GOVERNING DOCUMENT	MemorandumandArticlesof Associationdated	ISeptember1997
CONSULTANTS	SisterJudithRussi, SSMN
	BrendanDuffo
REGISTEREDOFFICE	IGraftonRoad
	Harrow
	Middx
	HAr4QS
CHARITYREGISTRATION NUMBER	106s452
COMPANY REGISTRATION NUMBER	03436147
INDEPENDENTEXAMINER	OlayinkaTomori ACA DChA
	LongmeadeConsultLtd
	Regus House
	VictoryWay
	AdmiralsPark
	Dartford
BANKERS	BarclaysBankplc
	Leicester
	LE87 2BB
SOLICITORS	StoneKing LLP
	l3QueenSquare
	Bath
	BAI2HJ

				Total	Total
		Unrestricted	Restricted	2023	2022
	Notes	f.	I	f,	*.
					(Notel3)
INCOME from
Grants andDonations	I	t5,024		15,024	t3
Investmentincome	2	289		289	1,820
Charitable activities	J	210,019		210,019	245,540
Totalincome		))\?7)		))\17)	247,373
EXPENDITUREon
Charitable activities		193,',752_		193,752	I8l,823
Other
TotalExpenditure		193,752		193,752	181,823
Netincome/(expenditure) before investment
gains/(losses)		31,580		31,580	65,550
Net(losses)/gains on investments		(4,773)		(4,773)	3,479
Netmovementinfunds		26,807		26,807	69,029
AccumulatedFunds
Brought forwardat startofyear		193,055	8,000	201,055	132,026
Carried forwardat end ofyear		f219,862	f,8,000	9227,862	f,201,055


	Notes	0	f,
FIXEDASSETS
Investments			93,',706		98,479
CURRENTASSETS
Debtors	t0	21,972		20.208
Bankandcash balances		150,518		117,870
		172.490		138,078
LESS:CURRENTLIABILITIES
Creditors:amountsfallingduewithin onewithinone year:	II	(38,334)		(3s,502)
NETCURRENTASSETS			134,156		102,576
NETASSETS			*227,862		f201,055
Representedby:
FUNDS:
Unrestricted			219,862		r93,05s
Restricted	t2		8,000		8,000
			f227,862		f,201,055

FORTHE YEARENDED31MARCH2023
	Notes	2023 f,	2022 *,
CashflowsfromOperatingActivities
Netcashoutflowfromoperatingactivities	A	32,648	Q2,525)
InvestingActivities
Purchaseofinvestments			(85,000)
Changeincashandcashequivalents in year		32,648	(107,525)
CashandcashequivalentsatIApri12022	B	117,870	225,395
Cashandcashequivalents at 31March2023	B	f,I50,518	9117,870
Notes to the CashFlowStatement
A. Reconciliationof net movementinfunds tonetcashflow fromoperating activities
		2023	2022
		f	0
Netmovementinfunds(asper the Statement ofFinancialActivities)		26,807	69,029
Adjustmentsfor:
(Increase)indebtors		(1,764)	(8,693)
Increase/(decrease)/increasein creditors		2,932	(79,382)
Netgains/(losses) on investments		4,773	(3,479)
Netcash(usedin) operating activities		32,648	(22,525)
B.Analysis ofcashandcashequivalents
Cash atbank andinhand		f,150,518	f117,870

GRANTS ANDDONATIONS
			Total	Total
	Unrestricted	Restricted	2023	2022
	f	f,	f,	*.
Donations	15,024		15,024	l3
	f.15,024	f-	Ll5,024	tt3
Yearended3lMarch2022
Donations	l3		l3
	f,l3	f_	f.l3
INVESTMENT INCOME
			Total	Total
	Unrestricted	Restricted	2023	2022
	f	f,	*.	f
BankInterest	L289	t-	f289	f.
BankInterest 2022	f,l,820	f_	f.l,820	L433
INCOME FROMCHARITABLE	ACTIVITIES
			Total	Total
	Unrestricted f	Restricted *,	2023 s	2022 f
Consultancyfees	24,028		24,028	25,800
Conferences	3,484		3,484
Curriculum Development	32,391		32,391	?) 11)
NationalRetreatfees	37,037		37,037	32,624
NationalSchoolof Formation(NSF)	113,079		113,079	154,344
	t210,019	f-	f210,019	L245,540
Yearended3lMarch2022	Unrestricted f	Restricted f	Total f,
Consultancyfees	25,800		25,800
Curriculum Development	32,772		32,772
NationalReffeatfees	32,624		32,624
NationalSchoolof Formation (NSF)	154,344		154,344
	f245,540	+-	f245,540

4.EXPENDITUREONCHARITABLE ACTIVITIES	4.EXPENDITUREONCHARITABLE ACTIVITIES		Total	Total
	Unrestricted	Restricted	2023	2022
	f	f.	s	f.
Charitable activities
Directcosts
Consultants'feesandexpenses	34,800		34,800	34,800
NationalRetreat	30,007		30,007	39,480
NationalSchoolofFormation Q\SF)	102,852		102,852	86,000
Conferences	5,293		5,293
Curriculum Development	156		156	2,928
	173,108		173,108	163,208
SupportCosts
Officesupport,printing,postage	13,170		13,170	ll,539
Travelandsubsistence	3,051		3,051	2,960
Insurance	2,002		2,002	1,756
Othercosts	231		23t	170
	18,454		18,454	16,425
Governancecosts	2,190		2,190	2,190
(lncludingIndependentExaminationfees)
	:!,rt1	f.-	f193,752	f181,823
Yearended3lMarch2022	Unrestricted f,	Restricted f	Total f
Charitable activities
Directcosts
Consultants'feesandexpenses	34,800		34,800
NationalRetreat	39,480		39,480
NationalSchoolofFormation(NSF)	86,000		86,000
Curriculum Development	2,928		2,928
	163,208		163,208
SupportCosts
Officesupport,printing,postage	Ir,539		I1,539
Travelandsubsistence	2,960		2,960
Insurance	1,756		1,756
Othercosts	170		170
	16,42s		16,425
Governancecosts	2,190		2,190
(includinglndependentExaminationfees)
	fI8t,823	f-	,181,823

NET INCOME/EXPENDITUREFORTHE YEAR
	2023	2022
	f	g
Thisisstatedaftercharging:
Independent Examiner'sremuneration
- Examination	990	900
- Accountancyservices	1,200	1,290
	f2,190	f2,190

DEBTORS
	2023	2022
	*.	f
Trade Debtors	19,852	18,508
Prepayments and accrued income	2,120	1,700
	f21,972	f20,208

CREDITORS:amountsfallingduewithinoneyear
	2023	2022
	f	f,
Accruedexpenses	7,004	8,202
Deferred income-depositsheldforfutureconferences	31,330	27,300
	L38,334	f35,502

13. PRIORYEAR STATEMENTOFFIN	ANCIAL ACTIVITI	ES
			Total
	Unrestricted	Restricted	2022
	f	f,f
INCOME from:
Grants andDonations	t3		l3
Investmentincome	1,820		1,820
Charitable activities	245,540		245,540
Totalincome	247,313		247,373
EXPENDITUREon:
Charitable activities	181,823_		181,823
C)ther
TotalExpenditure	I81,823		r8r,823
Netincome/(expenditure)beforeinvestment
gains/(losses)	65,550		65,550
Netgains/(losses)oninvestments	3,479		3,479
Netmovementinfunds	69,029		69,029
AccumulatedFunds
Brought forwardat startofyear	124,026	8,000	132,026
Carried forwardat end ofyear	9193,055	98,000	9201,055