|||||Page||
|---|---|---|---|---|---|
|Legal and Administrative||details||||
|Report ofthe|Trustees||4|to|8|
|Independent|Accountant|Report|9|to|11|
|Consolidated|Statement|of Financial Activities||12||
|Consolidated|Balance Sheet|||||
|Charity Balance Sheet||||14||
|Consolidated|Cash flow|Statement||15||
|Notes to the|Financial Statements||16|to|25|
|Detailed Statement of Financial Activities||||26||
##
##
|Registered|charity name|Whinfield|Study Trust|Study Trust||
|---|---|---|---|---|---|
|Charity number||1072370||||
|Principal Office||Hornby
Park||School||
|||Melling
Road||||
|||Hornby||||
|||Lancaster||||
|||LA2 8LH||||
|||Department||of Education|number 8886054|
|||Focus School||number 214||
|Trustees||J Simpson||||
|||SWhiley||||
|||E Fishwick||||
|||A Lovell||||
|Accountants||Treybridge|Accountants|||
|||FOS The Bloc||||
|||38Springfield||Way||
|||Anlaby||||
|||HU10 6RJ||||
|Bankers||HSBC Bank|pic|||
|||1Forest Green||||
|||Off Caxton|Road|||
|||Fulwood||||
|||Preston||||
|||PR2 9LJ||||
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|||||||||Year Ended||Year Ended|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||31.12.2021||31.12.2020|
|||||||Unrestricted|Restricted|Total||Total|
|||||||Funds|Funds|Funds||Funds|
|||||Notes||E|E|E||E|
|INCOME AND|ENDOWMENTS||||||||||
|Donations
and|legacies|||||120,679||120,679||156,013|
|Other trading|activities|||||632,742||632,742||643,209|
|Total||||||753,421||753,421||799,222|
|EXPENDITURE|||||||||||
|Charitable
activities||||5|—|488,159||488,159||672,436|
|Depreciation||||||44,053||44,053|—|41,299|
|Total||||||532,212||532,212|—|713,735|
|NET INCOME/(EXPENDITURE)||||||221,209||221,209||85,487|
|Transfers between|||funds|||16,073|16,073||||
|Net movement|in|funds||||205,136|16,073|221,209||85,487|
|RECONCILIATION||OF FUNDS|||||||||
|Total funds brought|||forward|||416,570|504,766|921,336||846,535|
|TOTAL FUNDS|CARRIED||||||||||
|FORWARD||||||621,706|520,839|1,142,544||932,021|
||||2021|||2020||
|---|---|---|---|---|---|---|---|
||Notes|||||||
|FIXEDASSETS||||||||
|Tangible assets|10|||1,637,969|||1,660,151|
|CURRENT ASSETS||||||||
|Stock|12|47,679|||52,211|||
|Debtors|13|42,402|||3,873|||
|Cash at bank and in hand||82,428|||54,229|||
|||172,509|||110,313|||
|CREDITORS||||||||
|Amounts
falling due within||||||||
|one year|14|(657,246)|||(838,443)|||
|NET CURRENT ASSETS/(LIABILITES)||||(484,737)|||(728,131)|
|TOTAL ASSETS LESS||||||||
|CURRENT LIABILITIES||||1,153,230|||932,021|
|PROVISION FOR LAIBILITES||||||||
|NET ASSETS||||1,153,230|||932,021|
|FUNDS||||||||
|Unrestricted
funds|15|||632,391|||427,255|
|Restricted funds|15|||520,839|||504,766|
|TOTAL FUNDS||||1,153,230|||932,021|
||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||Funds|Funds|Funds|Funds|
|||Notes|||E|E|
|FIXEDASSETS|||||||
|Tangible assets||10|1,097,161|500,832|1,597,993|1,623,094|
|Investements|||3||3|3|
||||1,097,164|500,832|1,597,996|1,623,097|
|CURRENT ASSETS|||||||
|Debtors|||42,402||42,402|62,045|
|Cash at bank|and in hand||14,800|20,008|34,808|13,270|
||||57,202|20,008|77,210|75,315|
|CREDITORS|||||||
|Amounts
falling due within|||||||
|one year||14|552,264||552,264|791,250|
|NET CURRENT ASSETS/(LIABILITIES)|||(495,062)|20,008|(475,054)|(715,935)|
|TOTAL ASSETS LESS|||||||
|CURRENT LIABILITIES|||602,099|520,840|1,122,942|907,159|
|NET ASSETS|||602,099|520,840|1,122,942|907,159|
|FUNDS|||||||
|Unrestricted|funds|15|||602,102|402,393|
|Restricted funds||15|||520,840|504,766|
|Total Funds|||||1,122,942|907,159|
##
||||||Year Ended|Year Ended|
|---|---|---|---|---|---|---|
||||||31.12.21|31.12.20|
|||||Notes|f|f|
|Net Cash|inflow from operating||activities|16|50,067.83|(43,960)|
|Investing|activities||||||
|Purchase|offixed assets|||10|(21,869)|(5,346)|
|Net cash|used in investing|activities|||(21,869)|(5,346)|
|Net increase/(decrease)||in cash|and cash equivalents||28,198.83|(49,306)|
|Cash and|cash equivalents|at the start of|||||
|the reporting
period|||||54,229|103,535|
|Cash and|cash equivalents|at the end ofyear|||82,427|54,229|
|Relating|to:||||||
|Cash at bank and in hand|||||82,428|54,229|
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|DONATIO|NS
A|ND LEGACIES|||
|---|---|---|---|---|
||||Year Ended|Year Ended|
||||31.12.2021|31.12.2020|
||||f|f|
|Donations|and|legacies|2,321|6,613|
|Grants received|||123,000|149,400|
||||120,679|156,013|
|INCOME|FROM|TRADING ACTIVITIES|||
||||Year Ended|Year Ended|
||||31.12.2021|31.12.2020|
||||f|f|
|Other incoming||resources|11,031|116,727|
|Grants received|||621,711|526,483|
||||632,742|643,209|
##
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|EXPENDITURE||||||||
|---|---|---|---|---|---|---|---|
||Direct|Support|Tota I2021|Direct Costs|Support|Total 2020||
||Costs|Costs|||Costs|||
|Wages||||934|||934|
|Public transport
costs|||||2,400||2,400|
|Study materials||2,834|2,834||5,248||5,248|
|Premises||30,362|30,362||29,894||29,894|
|Donations
paid||102,000|102,000||188,180|188,180||
|Shop support costs||||||||
|Repairs and renewals||2,555|2,555||239||239|
|Sundries||5,718|5,718||7,519||7,519|
|Lega
I fees||864|864||750||750|
|Bookkeeping fees||1,200|1,200|||||
|Accountancy
fees||4,200|4,200||6,025||6,025|
|Interest
payable||40,486|40,486||43,361|43,361||
|Shop expenditure|478,816||478,816|392,685||392,685||
|Profit/loss
on disposal|oftangibl»|180,876|180,876|||||
|Profit/loss
on sale of|Investment|||||||
||478,816|9,344|488,159|393,619|278,817|672,436||
|NET INCOME FOR THE YEAR INCLUDES:||||||||
|This is stated after charging:||||||||
||||||Year Ended|Year|Ended|
||||||31.12.2021|31.12.2020||
||||||f||f|
|Depreciation
on owned assets|||||44,053|41,299||
|Interest
payable|||||32,827||35,698|
|Accountants
remuneration:||||||||
|Audit ofthe|financial statements||||3,250||1,250|
|Bookkeeping|fees||||1,200|||
##
|STAFF COS|TS|||||
|---|---|---|---|---|---|
|||||Year Ended|Year Ended|
|||||31.12.2021|31.12.2020|
|||||f|f|
|Wages and|social security|||||
|Other pension costs|||||934|
||||||934|
|Particulars|ofemployees:|||||
|The average|number|of employees|during the year was as follows:|||
|||||Year Ended|Year Ended|
|||||31.12.2021|31.12.2020|
##
##
||Freehold|Improvements|Fixture &|Computer|Plant &|
|---|---|---|---|---|---|
||property|to property|Fittings|equipment|Machinery|
||f|f|f|f|f|
|COST||||||
|At 1January 2021|1,051,164|836,679|36,466|3,410|44,256|
|Additions||3,850|8,390||9,629|
|Disposals||||||
|At 31December 2021|1,051,164|840,529|44,856|3,410|53,885|
|DEPRECIATION||||||
|At 1January 2021|193,385|57,165|15,283|1,733|44,256|
|Charge for year|19,023|16,766|5,927|894|1,444|
|Eliminated
on disposal||||||
|At 31December 2021|212,408|73,930|21,210|2,627|45,700|
|NET BOOK VALUE||||||
|At 31December 2021|838,756|766,599|23,646|783|8,185|
|At 31December 2020|857,779|779,515|21,183|1,677||
||||||Total|
||||||f|
|COST||||||
|At 1January 2021|||||1,971,975|
|Additions|||||21,869|
|Disposals||||||
|At 31December 2021|||||1,993,844|
|DEPRECIATION||||||
|At 1January 2021|||||311,822|
|Charge for year|||||44,054|
|Eliminated
on disposal||||||
|At 31December 2021|||||355,875|
|NET BOOK VALUE||||||
|At 31December 2021|||||1,637,969|
|At 31December 2020|||||1,660,151|
|TANGIBLE FIXED - ASSETS - CHARITY
FOR|TANGIBLE FIXED - ASSETS - CHARITY
FOR|THE YEAR EN|ED31DECE
BER|2021||||
|---|---|---|---|---|---|---|---|
||Freehold||to|Fixture|&|Plant &||
||property||property|Fittings||Machinery|Total|
|||f|f|f||f|f|
|COST||||||||
|At 1January 2021|1,035,705||836,679|555|||1,872,939|
|Additions|||3,850|||7,800|11,650|
|Disposals||||||||
|At 31December 2021|1,035,705||840,529|555||7,800|1,884,589|
|DEPRECIATION||||||||
|At 1January 2021||192,634|57,165||46||249,845|
|Charge for year||18,714|16,766|102||1,170|36,752|
|Eliminated
on disposal||||||||
|At 31December 2021||211,348|73,930|148||1,170|286,596|
|NET BOOK VALUE||||||||
|At 31December 2021||824,357|766,599|407||6,630|1,597,993|
|At 31December 2020||843,071|779,515|509|||1,623,094|
##
|The charit|y h|olds invest|ments
in su|bsidiary
undertakings
held at a cost o|ff3(2020-f3).||
|---|---|---|---|---|---|---|
|Details of|the|subsidiary|companies|are disclosed below:|||
|The Wenning||Company|Limited||2021|2020|
|Company|number: 07904700||||f|f|
|Assets|||||135,275|133,657|
|Liabilities|||||(104,983)|(108,794)|
|Capital &|reserves||||30,292|24,863|
||||REPORT OF THE TRUSTEES|||
|---|---|---|---|---|---|
||Turnover||FOR THE YEAR ENDED 31DECEMBER 2021|621,711|526,483|
||Otherlncome|||26|4,018|
||Expenditure|||(528,245)|(430,697)|
||Profit/(Loss)|||93,492|99,804|
||Academy
Distribution|EUK Limited||2021|2020|
||Company
number: 09655547|||f|f|
||Dissolved 28January|2020||||
||Assets|||||
||Liabilities|||||
||Capital &reserves|||||
||Turnover|||||
||Expenditure|||||
||Profit/(Loss)|||||
|12|STOCK|||2021|2020|
|||||f|f|
||Finished goods|||47,679|52,211|
|13|DEBTORS:AMOUNTS|FALLING|DUE WITHIN ONE YEAR|||
||GROUP|||2021|2020|
|||||f|f|
||Trade debtors||||2,519|
||Other debtors and prepayments|||42,402|1,354|
|||||42,402|3,873|
##
||REPORT OF THE TRUSTEES|||
|---|---|---|---|
|CHARITY|FOR THE YEAR ENDED 31DECEMBER 2021|2021|2020|
|||f|f|
|Trade debtors|||445|
|Other debtors and prepayments||42,402|61,600|
|||42,402|62,045|
##
|GROUP||2021|2020|
|---|---|---|---|
|||f|f|
|Trade creditors||21,440|13,068|
|Taxation and social security||2,617|1,276|
|Other creditors||28,114|26,807|
|Accruals||12,704|12,293|
|Personal
loans|—unsecured|592,371|785,000|
|Corporation
Tax||||
|Other creditors||||
|||657,246|838,443|
|CHARITY||2021|2020|
|||f|f|
|Trade creditors||2,064||
|Taxation and social security||||
|Other creditors||550,200|791,250|
|||552,264|791,250|
|15|MOVEMENT
IN FUNDS|MOVEMENT
IN FUNDS|FOR|REPORT OF THE TRUSTEES
THE YEAR ENDED 31DECEMBER|REPORT OF THE TRUSTEES
THE YEAR ENDED 31DECEMBER|2021|2021||||
|---|---|---|---|---|---|---|---|---|---|---|
||||Balance at||Incoming||Outgoing||Transfers|Balance at|
||||1January||resources||resources|||31December|
|||||2021||||||2021|
|||||f||||||f|
||Unrestricted
funds||||||||||
||General fund|||427,255|753,421||(532,212)|-|16,073|632,391|
||Restricted funds||||||||||
||Restricted fund|||504,766|||||16,073|520,839|
||TOTAL FUNDS|||932,021|753,421|-|532,212|||1,153,230|
||Analysis of net assets between funds:||||||||||
|||||||Unrestricted|||Restricted|Total|
||||||||general||general||
||||||||funds||funds||
||||||||f||f||
||Tangible assets||||||1,097,161||500,832|1,597,993|
||Investments||||||3|||3|
||Current assets||||||57,202||20,008|77,210|
||Creditors: amounts|falling due within||one year|||(552,264)|||(552,264)|
||Provisions for liabilities||||||||||
||||||||602,102||520,840|1,122,942|
##
|||2021|2020|
|---|---|---|---|
|||f|f|
|Net Income||221,209|85,487|
|Depreciation||44,053|41,299|
|Change|in stock|4,532|(13,472)|
|Change|in debtors|(38,529)|87,341|
|Change|in creditors|(181,197)|(244,616)|
|||50,068|(43,960)|
##
|||||Year Ended||Year Ended|
|---|---|---|---|---|---|---|
|||||31.12.21||31.12.20|
|||||f||f|
|INCOME AND ENDOWMENTS|||||||
|Donations
and legacies|||||||
|Donations|||2,321||6,613||
|Grants|||123,000||149,400||
|||||120,679||156,013|
|Other trading activities|||||||
|Other incoming
resources|||11,031||116,727||
|Trading company|||621,711||526,483||
|||||632,742||643,209|
|Total incoming resources||||753,421||799,222|
|EXPENDITURE|||||||
|Purchase|||478,816||392,685||
|Wages|||||934||
|Public transport
costs|||||2,400||
|Study materials
and support costs|||2,834||5,248||
|Premises|||30,362||29,894||
|Donations|||102,000||188,180||
|Shop support costs|||||||
|Repairs and renewals|||2,555||239||
|Sundries|||5,718||7,519||
|Legal Fees|||864||750||
|Bookkeeping fees|||1,200||||
|Accountancy
fees|||4,200||6,025||
|Interest payable|||40,486||43,361||
|Profit/loss
on disposal oftangible||fixed assets|180,876||||
|Profit/loss
on sales of Investment|||||||
|||||488,159||672,436|
|Carried forward||||265,262||126,785|
|Brought forward||||265,262||126,785|
|Depreciation|||||||
|Freehold
property|||19,023||19,023||
|Improvements
to property|||16,766||16,734||
|Plant and machinery|||1,444||||
|Fixture and fittings|||5,927||4,613||
|Computer
equipment|||894||931||
|||||44,053||41,300|
|||||221,209||85,485|
|Tax on profit on ordinary|activities||||||
|Net (expenditure)/income||||221,209||85,485|
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