| The principal unrestricted | The principal unrestricted | funding | sources during the year were: | |
|---|---|---|---|---|
| Parental | contribufions | 73,322 | ||
| Gift Aid | tax recovered | 14,046 | ||
| Interest | on cash deposits | 432 | ||
| Donations | 7,427 | |||
| Total | 95,227 |
| Unrestricted | Restricted | Year ended | Period ended | |||
|---|---|---|---|---|---|---|
| 31August | 31August | |||||
| 2022 | 2021 | |||||
| Funds | Funds | Total | Total | |||
| Notes | f, | |||||
| INCOME FROM: | ||||||
| Donations | and legacies | 94,795 | 94,795 | 164,894 | ||
| Investments | 432 | 432 | 64 | |||
| Total | 95,227 | 95,227 | 164,958 | |||
| EXPENDITURE ON: | ||||||
| Charitable | activities | 92,405 | 92,405 | 144,672 | ||
| Other | 15,678 | 60,637 | 76,315 | 132,828 | ||
| Total | 108,083 | 60,637 | 168,720 | 277,500 | ||
| Net movement | in funds | (12,856) | (60,637) | (73,493) | (112,542) | |
| Reconciliation | offunds | |||||
| Total funds brought forvrard | 161,676 | 3,527,768 | 3,689,444 | 3,801,986 | ||
| TOTAL FUNDS CARRIED FORWARD | 12 | 148,820 | 3,467, 131 | 3,615,951 | 3,689,444 |
| CLORE TIKVA SCHOOL FOUNDATION BALANCE SHEET AS AT31AUGUST 2022 |
Page 8 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Funds | Funds | 2022 | 2021 | ||
| Total | Total | ||||
| Notes | K | ||||
| FIKEDASSETS | |||||
| Tangible assets | 9 | 2,588 | 3,461,884 | 3,464,472 | 3,525,630 |
| CURRENT ASSETS | |||||
| Debtors | 10 | 9,440 | 9,440 | 12,681 | |
| Cash at bank and in hand | 149,895 | 149,895 | 159,885 | ||
| 159,335 | 159335 | 172566 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
11 | (7,856) | (7,856) | (8,752) | |
| NET CURRENT ASSETS | 151,479 | 151,479 | 163,814 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 154,067 | 3,461,884 | 3,615,951 | 3,689,444 | |
| NETASSETS | 154,067 | 3,461,884 | 3,615,951 | 3,689,444 | |
| FUNDS | 12 | ||||
| Unrestricted funds: |
|||||
| Genend fund |
(45,680) | (22,824) | |||
| Designated fund |
194,500 | 184,500 | |||
| 148,820 | 161,676 | ||||
| Restricted funds | 3,467,131 | 3,527,768 | |||
| TOTAL FUNDS | 3 615951 | 3 689444 |
| Freehold property | 2'/n on cost | |
|---|---|---|
| Freehold land | Nil | |
| Improvements toproperly |
15'/o on reducing | balance |
| Fixtures and fittings | 25'/o on reducing | balance |
| INCOME | FROM DONATIONS AND LEGACIES |
||
|---|---|---|---|
| Year ended | Period ended | ||
| 31August | 31August | ||
| 2022 | 2021 | ||
| Donations | 7,427 | 34,367 | |
| Gift Aid | 14,046 | 19,675 | |
| Parental contributions | 73,322 | 110,852 | |
| 94,795 | 164,894 | ||
| INVKSTMKNT INCOME | |||
| 2022 | 2021 | ||
| Deposit account interest | 432 | 64 | |
| CHARITABLE ACTIVITIES COSTS | |||
| 2022 | 2021 | ||
| Education | costs (note 5) | 81,719 | 136,711 |
| Governance | costs (note 6) | 5,286 | 7,961 |
| Staff loan written off | 5,400 | ||
| 92,405 | 144,672 |
| 5. | EDUCATION CO | ST | S | ||||
|---|---|---|---|---|---|---|---|
| Year ended | Period | ended | |||||
| 31August | 31August | ||||||
| 2022 | 2021 | ||||||
| g | |||||||
| Education direct costs | 81,425 | 136,493 | |||||
| Bank charges | 294 | 218 | |||||
| The charity contributed | towards the statf costs ofClore Tikva School | 81,719 | 136,711 | ||||
| 6. | GOVERNANCE COSTS | ||||||
| 2022 | 2021 | ||||||
| g | |||||||
| Accountancy | 2,144 | 3,461 | |||||
| Book-keeping | 2,261 | 3,123 | |||||
| Change ofCharity's | name | 50 | |||||
| VAT on governance | costs | 881 | 1,327 | ||||
| 5,286 | 7,961 | ||||||
| 7. | OTHER | ||||||
| 2022 | 2021 | ||||||
| Computer equipments, |
Ipads, sound and projection systems | ||||||
| and new web-site | for | school | 14,819 | ||||
| Teaching software | 1,255 | ||||||
| Curriculum costs |
2,613 | 2,550 | |||||
| School sport equipment | 983 | ||||||
| Insurance | 312 | 412 | |||||
| Depreciation | 61,158 | 86,892 | |||||
| Postage and stationery | 1,114 | ||||||
| Donations | 16,203 | ||||||
| Security costs | 1,053 | (963) | |||||
| 10%Govt contributions | 565 | 4,662 | |||||
| Event and graduation | expenses | 1,015 | |||||
| Advertising | 327 | ||||||
| Books, periodicals | and | reference materials | 3 723 | 462 | |||
| Subcontractors | 3,450 | 4,537 | |||||
| Sundries | 1,203 | 798 | |||||
| 76315 | 132828 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Freehold | Improvements | Fixtures and | Totals | |
| property | to property | fittings | ||
| f. | ||||
| COST/VALUATION | ||||
| At 1 September 2021 | 4,754,932 | 23,644 | 21,058 | 4,799,634 |
| Additions | ||||
| At 31August 2022 | 4,754,932 | 23,644 | 21,058 | 4,799,634 |
| DEPRECIATION | ||||
| At 1 September 2021 | 1,232,411 | 21,079 | 20,514 | 1774,004 |
| Charge for year | 60,637 | 385 | 136 | 61,158 |
| At 31August 2022 | 1,293,048 | 21,464 | 20,650 | 1,335,162 |
| NETBOOKVALUE | ||||
| At 31August 2022 | 3,461,884 | 2,180 | 408 | 3,464,472 |
| At 31August 2021 | 3,522,521 | 2,565 | 544 | 3,525,630 |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR | ||
|---|---|---|
| Year ended | Period ended | |
| 31August | 31August | |
| 2022 | 2021 | |
| g | ||
| Clore Tikva loan | 5,488 | 6,488 |
| Gift Aid receivable | 3,835 | 840 |
| Prepayment | 117 | 5,353 |
| 9,440 | 12,681 | |
| CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2022 | 2021 | |
| 8 | ||
| Accruals and deferred income | 7,856 | 8,752 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | in | between | |||
| At I/9/2021 | funds | funds | At 31/8/22 | ||
| Unrestricted funds |
|||||
| General fund | (22,824) | (12,856) | (10,000) | (45,680) | |
| Designated fund |
184,500 | 10,000 | 194,500 | ||
| 161,676 | (12,856) | 148,820 | |||
| Restricted funds | |||||
| Restricted funds | 3,527,768 | (60,637) | 3,467,131 | ||
| TOTAL FUNDS | 3,689,444 | (73,493) | 3,615,951 | ||
| Net movement in funds, included in the above are as follows: |
|||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General Fund | 95,227 | 108,083 | (12,856) | ||
| Restricted fends | |||||
| Restricted funds | 60,637 | (60,637) | |||
| TOTAL FUNDS | 95,227 | 168,720 | (73,493) |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | 2020 | ||||
| Notes | g | |||||
| INCOME | FROM: | |||||
| Donations | and | legacies | 143,444 | 21,450 | 164,894 | |
| Investments | 64 | 64 | ||||
| Total | 143,508 | 21,450 | 164,958 | |||
| EXPENDITURE ON: | ||||||
| Charitable | activities | 144,672 | 144,672 | |||
| Other | 30,722 | 102,106 | 132,828 | |||
| Total | 175,394 | 102,106 | 277,500 | |||
| Net movement | in funds | (31,886) | (80,656) | (112,542) | ||
| Total funds brought forward | 193,562 | 3,608,424 | 3,801,986 | |||
| TOTAL FUNDS CARRIED FORWARD | 12 | 161,676 | 3,527,768 | 3,689,444 |