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|||Page|
|---|---|---|
|Trustees'<br>report|||
|Independent<br>examiner's|report||
|Statement offinancial actfvies|||
|Salance sheet|||
|Notes to the financial statements||5-9|





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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2020|
||||Notes|6||
|Ittggmttffttm;||||||
|Donations<br>and legacies|||2|203,603|173,634|
|Investment<br>income|||3||17|
|Total income||||203,603|173,651|
|EXttgtttI(ttttfLtttg||||||
|Charitable<br>activities|||4|164,267|185,334|
|Net income/(expenditure)||for the year/||||
|Net movement|in funds|||39,336|(11,683)|
|Fund balances|at 1 September 2020|||5,031|16,714|
|Fund balances|at 31August 2021|||44,367|5,031|





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||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|6||||
|F(xed assets|||||||
|Tangible assets||||3,882||5,180|
|Current assets|||||||
|Debtors|||50,346||13,204||
|Cash at bank and in|hand||46,060||9,149||
||||96,406||22,353||
|Creditors: amounts|falling due within||||||
|one year||9|(55,921)||(22,502)||
|Net current assets/((iabilities)||||40,485||(149)|
|Total assets less cunsnt liabilities||||44,367||5,031|
|Income funds|||||||
|Unrestricted<br>funds||||44,367||5,031|
|||||44,367||5,031|





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||Accounting<br>policies<br>(Continued)|
|---|---|
|1.6|Tangible Axed assets|
||Tangible fixed assets are inifially measured<br>at cost and subsequently<br>measured<br>at cost or valuation,<br>net of<br>depreciation<br>and any impainni. nt losses.|
||Depreciation<br>is recognised<br>so as to write off the cost or valuation<br>ofassets less their residual<br>values over|
||their useful lives on the following bases:|
||Land and buildings<br>Leasehold<br>Over the life ofthe lease|
||Fixtures, fittings &equipment<br>25% reducing<br>balance|
||The gain or loss arising<br>on the disposal<br>of an asset is determined<br>as the difference<br>between<br>the sale|
||proceeds and the carrying<br>value ofthe asset, and is recognised<br>in net incomel(expenditure)<br>for the year.|
|1.?|Impairment<br>offixed assets|
||At each<br>reporting<br>end date, the trust<br>reviews<br>the carrying<br>amounts<br>of its tangible<br>assets to determine<br>whether<br>there is any indication<br>that those assets have suffered an impairment<br>loss. Ifany such indication<br>exists, the recoverable<br>amount ofthe asset is estimated<br>in order to determine<br>the extent ofthe impairment<br>loss (ifany).|
|1.8|Cash and cash equivalents|
||Cash and cash equivalents<br>indude<br>cash in hand, deposits<br>held at call with banks, other short-term<br>liquid<br>investments<br>with<br>original<br>maturities<br>of three<br>months<br>or less, and bank overdrafis.<br>Bank overdrafts<br>are|
||shown within<br>borrowings<br>in current liabilities.|
|1.9|Financial Instruments|
||The trust has elected to apply the provisions<br>of Section 11 'Basic Financial<br>Insbuments'<br>and Section 12<br>'Other Financial<br>Instruments<br>issues' ofFRS 102to all ofits financial instruments.|
||Financial<br>instruments<br>are recognised<br>in the trust's<br>balance<br>sheet when<br>the trust becomes<br>party<br>to the<br>contractual<br>provisions<br>ofthe instrument.|
||Financial assets and liabilities are oifset, with the net amounts<br>presented<br>in the financial statements,<br>when<br>there is a legally enforceable<br>right to set offthe recognised<br>amounts<br>and there is an intention<br>to settle on a<br>net basis or to realise the asset and settle the liability simultaneously.|
||Basic financial assets|
||Basic financial<br>assets,<br>which<br>indude<br>debtors<br>and cash<br>and<br>bank balances,<br>are<br>initially<br>measured<br>at<br>transacfion<br>price induding<br>transaction<br>costs and are subsequently<br>carried<br>at amortised<br>cost using<br>the<br>effective interest method<br>unless the arrangement<br>constitutes<br>a financing<br>transaction,<br>where the transaction|
||is measured<br>at the present<br>value of the future receipts discounted<br>at a market<br>rate of interest.<br>Financial|
||assets dassified as receivable<br>within one year are not amortised.|
||Basic flnancial fiabiflfles|
||Basic financial<br>liabilities,<br>induding<br>creditors<br>and bank loans are<br>initially<br>recognised<br>at transaction<br>price<br>unless the arrangement<br>constitutes<br>a financing<br>transaction,<br>where the debt instrument<br>is measured<br>at the|
||present<br>value ofthe future<br>payments<br>discounted<br>at a market<br>rate of interest.<br>Financial<br>liabilities dassled|
||as payable<br>within one year are not amortised.|
||Derecognifion offinancia liabilities|
||Financial<br>liabilities<br>are derecognised<br>when the trust's<br>contractual<br>obligations<br>expire or are discharged<br>or<br>cancelled.|





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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2021|2020f|
|203,603|173,634|



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||||||Total|Unrestricted|
|---|---|---|---|---|---|---|
|||||||funds|
||||||2021|2020|
||||||f|f.|
|Interest receivable||||||17|
|Charitable|activities||||||
||||Direct|Support and|Total|Total|
||||Charitable|Governance|2021|2020|
||||Expenditure<br>f||||
|Depreciation||and impairment||1,298|1,298|1,728|
|Charitable|expenditure||136,824||136,824|146,272|
|Charitable|donations||10,107||10,107|15,990|
|Professional||fees||9,625|9,625|11,565|
||||146,931|10,923|157,854|175,555|
|Provision for||doubtful debts|6,413||6,413|9,779|
||||153,344|10,923|164,267|185,334|



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|6|Employees|||||||||
|---|---|---|---|---|---|---|---|---|---|
||Number of|employees||||||||
||The average|monthly|number ofemployees||during the|year was:||||
|||||||||2021|2020|
|||||||||Number|Number|
||Part time employees|||||||||
||There were|no employees<br>whose annual||remuneration||was f60,000|or more.|||
|7|Tangible fixed assets|||||||||
||||||||Land and|Flxturee,|Total|
||||||||sugdlnga|ettlnga a||
||||||||Launch oldf|mtulpmentf||
||Cost|||||||||
||At 1 September 2020||||||177,501|36,036|213,537|
||At 31August|2021|||||177,501|36,036|213,537|
||Depreciation|and impairment||||||||
||At 1 September 2020||||||177,501|30,856|208,357|
||Depreciation|charged|in the year|||||1,298|1,298|
||At 31August|2021|||||177,501|32,154|209,655|
||Carrying<br>amount|||||||||
||At 31August|2021||||||3,882|3,882|
||At 31August|2020||||||5,180|5,180|
|8|Debtors|||||||||
||Amounts<br>falling due||within one year:|||||2021f|2020f|
||Other debtors|||||||49,282|11,802|
||Prepayments|and accrued income||||||1,064|1,402|
|||||||||50,346|13,204|





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|9|Credhora: amounts|falling due within one year|||
|---|---|---|---|---|
||||2021|2020|
||||5||
||Deferred income||49,854|3,324|
||Other creditors||6,067|19,178|
||||55,921|22,502|



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