|||||Page|
|---|---|---|---|---|
|Company
Information|||||
|Duector's Report|||||
|Accountants'
Report|||||
|Inoome and Expenditure|Account||||
|Notes tothc Financial Statements|||||
|The following
pages do|not form|part ofthe statutory|acoounts:||
|Detailed Income and Expenditure||Account||8—
9|
##
##
##
##
||||2021|2020|
|---|---|---|---|---|
|||Notes|||
|TURNOVER|||312,426|333,524|
|Cost ofsales|||(232+25)|(261+69)|
|GROSS SURPLUS|||80,101|7~5|
||||(754)||
|Administrative|expenses||(53,732)|(99,534)|
|Other operating|income||1,708|34,419|
|OPERATING
YEAR|SURPLUS AND SURPLUS FORTHE FINANCIAL||27323|7,140|
||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|||||
|FIXEDASSETS|||||||
|Intantpble
Assets||||15,893||22,249|
|||||15,893||22,249|
|CURRENT ASSETS|||||||
|Debtors|||349||||
|Cash at bank and in hand|||279,949||245,658||
||||280,298||246,619||
|NET CURRENT ASSETS(LIABILITIES)||||280,298||246,619|
|TOTAL ASSETSLESSCURRENT LIAIHLITIES||||296,191||268,868|
|NET ASSETS||||296,191||268,868|
|Inoomc and Expenditure|Account|||296,191||268,868|
|MEMBERS' FUNDS||||296,191||268,868|
##
##
|l.|Accounting
Pollctcs||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||1.1.
BasisofPreparation ofFlnanchil
Statements||||||||||||
||The finanoial
statcmcnts
are prepared under thc historical cost convention|||and in acoordsnce with the FRS102Section 1ASmall Entitics - Thc|||||||||
||Finanoial Reporting
Standard applicable
in the UK and Republio||ofbelaud|and the Companies
Act|||2006.||||||
||1.2.
Turnover||||||||||||
||Tumovcr is measured at thc fair value ofthc consideration
received orreceivable, nct ofdiscounts|||||and value added taxes. Turnover
includes
revenue|||||||
||earned fiom the sale ofgoods and from thc rcndcring ofservices.||Turnover|is reduced forestimated|||customer retmns,|||rebatm and other||simihir|
||allowances.||||||||||||
||Sale ofgoods||||||||||||
||Turnover born the sale ofgoods is recognised when thc significant
risks and rewards ofownership
usually at the point that the customer has signed for the delivery ofthc goods.|||||ofthc goods has transferred|||||tothe buyer. This is||
||Rendering ofservices||||||||||||
||Turnover
from the rcndcring ofscrviccs is recognised
by refcrcncc tothe stage ofcompletion||||ofthc||contract. The stage ofcompletion ofacontract is||||||
||measured
by comparing
thc costs incurred for work performed|to|date to the total estimated contract||||costs.|Turnover|is only recognised|||to the extent|
||ofrecovcrablc cxpcnscs when thc outcome ofa contract oannot|bc estimated
reliably.|||||||||||
||1.3.
Intangible
Fixed Assets and Amorttsatton
—Goodwill||||||||||||
||Goodwill is the dilfmenee
between amounts
paid on thc acquisition ofabusiness
and thc fair||||value||ofthc separable nct assets.||||Itis amortised to||
||income and expenditure
account over its estimated economic life||of..., years.||||||||||
||1.4.
Government
Grant||||||||||||
||Govcrnmcnt
grants are recognised
in thc income and cxpcnditmc||account in an appropriate
manner||||that matches them|||with the|expenditure
towards||
||whioh they aie intended to contribute.||||||||||||
||Grants for immediate
financial support orto cover costs already|incurred are reoogniscd immediately|||||in the income and expenditure
account. Grants||||||
||towards
general activities ofthe entity over aspcoifio period arc reoognised|||in the income and expenditure||||account over that period.|||||
||Grants towards fixed assets aie recognised over thc cxpcetcd useful lives ofthc related assets||||and arc treated as defened income and released to thc||||||||
||income and cxpenditurc
account over thc useful lifo ofthc asset concerned.||||||||||||
||All grants
in the income snd expenditure
account are recognised|when all conditions forrcecipt have been||||||complied|with.||||
|2.|Average Number ofEmployees||||||||||||
|Average number ofemployccs,
including
directors, during the year was||as|follows:|15(2020; 15)|||||||||
|3.|Intangible
Assets||||||||||||
|As|at 1 January 2021|||||||||||63/63|
|As|at31December
2021|||||||||||63,563|
|Amorttsatkm|||||||||||||
|As|at 1 January 2021|||||||||||41@14|
|Provided during
the period||||||||||||6356|
|As|at 31Dcccmber 2021|||||||||||47,670|
|Net BookValue|||||||||||||
|As|at 31December 2021|||||||||||15,$93|
|As|at 1 January 2021|||||||||||22+49|
|||2020|
|---|---|---|
|Due wttbin one year|||
|Trade debtors|349||
||349||
##
|||||2021||2020||
|---|---|---|---|---|---|---|---|
|TURNOVER||||||||
|Fee inoomc|||||207,440||163,134|
|Grant income|||||104,986||170/90|
||||||312,426||333,524|
|COSTOFSALES||||||||
|Classroom
supplies||(Cost ofsales)||8,913||9,299||
|Agency staff(Costofsales)||||577||||
|Wages and salaries||||222,835||251,970||
||||||(232,325)||(261,269)|
|GROSS SURPLUS|||||80,101||7~55|
|nhtrlbutfon
Costs||||||||
|Waste disposal||||754||||
||||||(754)|||
|Admlnhtratlve|Expenses|||||||
|Staff trauung||||||||
|Rent aud rates||||1,796||37,456||
|Service charges||||28,708||29,188||
|Light and heat||||||3,662||
|Water rates||||(610)||773||
|Repairs and maintcnancc||||132||||
|Prem iscs insuranoc||||1,279||2,104||
|Other premises costs||||776||3,428||
|Hire and leasing|ofcomputer and||other equipmcnt|3,900||2+70||
|Computer
sofhvare,||consumablcs|and maintenance|238||689||
|Printing,
postage|and stationery|||164||270||
|Telecommunications||and data costs||||3,899||
|Website costs||||377||||
|Legal fees||||307||||
|Professional
fees||||5,448||6,820||
|Subsoriptions||||197||166||
|Bank charges||||136||252||
|Other oEice costs||||||31||
|Amortisation||||6,356||6/56||
|Sundry expenses||||||710||
||||||(53,732)||(99,534)|
|Other Operating|Income|||||
|---|---|---|---|---|---|
|Government
grant|receipts - net|1,708||34,419||
||||1,708||34,419|
|OPERATING SURPLUS AND SURPLUS FORTHE FINANCIAL
YEAR|||27,323||7,140|