## ## ||||Page| |---|---|---|---| |Legal and Administrative||Information|| |The Report|ofthe Trustees||2-6| |Statement|ofTrustee Responsibilities||| |Independent|Auditor's|Report|8-10| |Statement|of Financial|Activities|| |Balance Sheet|||12| |Statement|ofcash flows||13| |Notes to the Financial||Statements|14-25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## TOOLS WITH A MISSION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF TOOLS WITH A MISSION We also obtsined an under5tsnding of the 8ppIic8ble laws and regulations to which the charity mu81 adher8, through discussions with management and Ih05e charged with govemantt, as well as commerGial kn0￿8d9e of th8 sector and slatutory legislation, in order to determine the kEy laws and ￿gUlationS applicable lo the acaderny ITU5t Our avditwork Includ8d'. Auditing the risk of management override of controls, including through le5ting joumal entries and other 8diustm&nls for appropnateness, and evdlualing the rationale behind significant transactions outside the nortnal course of business. - Assessment of key accounting estimates within the financial $latemants In ord8r to ass885 their rea50nableness to determing whether there is ally bias in the estimates. Revi8w of meeting minutes. Review of Internal Strutiny ￿portS. Enquiring of rDan8gement ynd TrustÈÈs as lo whether they are aware of any alleged. sUSPèCted or actu81 fraud during the year. We H150 performed procedur8S to satisfy OurS￿veS regar¢Jing the academy trust's compliance with applicable la￿ regulalions. InGluding-. Enquiry of TNstees, managernent the entity's sollcitors around actual and potential litigation and clalms Reviewng correspondence wlth r818vant18gal authorities All audit team tnembets were mad8 aw8r8 of the applicable law5 and regvlations. as w811 as polenlkql frsud risk5 du￿ng the pLHnning stage of the audit and this was discussed al the audit team planning meeting. 11 was therefore deterTnined that team memb8rs all had the relevant awa￿neSS and comp&lence to identify any in51ance5 of non-compliance or fraud. There are, however. inherent limitations 10 our above audit procedur85. Auditing standard5 only rÈ4uire u8 to ènquir& of Trustees and management regardin9 non-compliance with laws and regu181ions, as well as review rÈgulatr)ry and ￿gaI correspondenGP lif ther8 is any). 11 is therefore possible that Instances of non-compli8nce COU￿ be missed. particularly where the law in itself Is far removed from any financial transactions. A further desCThPtion of our resptsnsibilili88 for the audit of the financial statemÈnts is k)cat8d on the Financial R8POrting Council's website at.. hltp.'Ilwww.frc.org.uklOur-WorklAudiVAudil-8nd-assurancelStandards-and-guidanc8lStandards-Ènd- guidance-for4udltorslAudilors-responsibililie5-for-audiVDescriptitrn-of-audilors-responsibililies-for-audrt 35px This desGriPtion forms part of our auditorfs r8POrt. Use of our report Thls report is made solely to the chaiitablÈ company's members, as a body, in accordance with Chapt2r 3 of part 16 of the Companies Act 2006. Our auclit work has been undertaken so that w8 might s18te lo the Gharilable company's members an trustees those matters we are required to state lo them in an 8udilorfs report and for no other purpose. To ihe fvllèst Èxlenl permitted by law. we do not acc&pt or assume responsibility to anyone other than the charitsble wmpany. the charilable company's metnbers as a body and th8 charitsble company'5 tru51ee5 as a bady, fDr our audit work, for this report, or for the opinions we have fottned. Helen Rumsey FCA (Senior Statutory Audltorl For and on behalfof Ensors Accountants LLP conne￿On8 1s9 Prints8s Street Ipswich IP1 1QJ Datsd.. 10 ## ## ||||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---| ||||||funds|funds|2021|2020| |||||Notes||||| |Income and endowments||from:||||||| |Donations
and legacies|||||348,494|90,316|438,810|406,872| |Charitable
activities|||||95,068|102,703|197,771|133,551| |Investments|||||21||21|266| |Other income|||||16,616||16,616|66,152| |Total income and|endowments||||460,199|193,019|653,218|606,841| |Expenditure
on:||||||||| |Raising funds|||||30,171||30,171|39,628| |Charitable
activities|||||317,229|125,428|442,657|471,947| |Total resources expended|||||347,400|125,428|472,828|511,575| |Net gains on investments|||||10,115||10,115|661| |Net incoming/(outgoing)||resources||||||| |before transfers|||||122,914|67,591|190,505|95,927| |Transfers
between|funds|||||||| |Net incoming/(outgoing)||resources|||122,914|67,591|190,505|95,927| |Fund balances
at 1|November||2020||556,171|65,065|621,236|525,309| |Fund balances at|31 October||2021||679,085|132,656|811,741|621,236| ## ## ## ||||||2021||2020|| |---|---|---|---|---|---|---|---|---| |||||Notes||||| |Fixed assets||||||||| |Tangible assets||||13||302,318||274,856| |Investments||||14||98,491||18,376| |||||||400,809||293,232| |Current assets||||||||| |Debtors||||15|14,404||27,367|| |Cash at bank and||in|hand||472,943||403,094|| ||||||487,347||430,461|| |Creditors:|amounts||falling due within|16||||| |one year|||||(76,415)||(102,457)|| |Net current|assets|||||410,932||328,004| |Total assets less||current liabilities||||811,741||621,236| |Income funds||||||||| |Restricted|funds|||18||132,656||65,065| |Unrestricted|funds|||18||679,085||556,171| |||||||811,741||621,236| ## |||2021||2020||| |---|---|---|---|---|---|---| ||Notes|||||| |Cash flows from operating
activities||||||| |Cash generated
from operations|24||183,344|||139,906| |Cash flows from Investing
activities||||||| |Purchase
oftangible
fixed assets||(48,516)||(17,163)||| |Proceeds on disposal
of tangible
fixed assets||5,000||||| |(Purchase)/Disposal
of investments||(70,000)||40,000||| |Interest received||21|||266|| ||||(113,495)|||23,103| |Net Increase
in cash and cash equivalents|||69,849|||163,009| |Cash and cash equivalents
at the beginning|of the year||403,094|||240,085| |Cash and cash equivalents
at the end ofthe year|||472,943|||403,094| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3|Donations
and lega|cies||||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||funds|funds|2021|2020| ||Donations
and gifts||316,407|90,316|406,723|327,525| ||Legacies receivable||32,087||32,087|79,347| ||||348,494|90,316|438,810|406,872| ||For the year ended|31 October 2020|371,077|35,795||406,872| |4|Charitable
activities||Unrestricted|Restricted|Total|Total| ||||funds|funds|2021|2020| ||Sales within
charitable|activities|95,068|102,703|197,771|133,551| ||For the year ended 31 October 2020||76,097|57,454||133,551| |5|Investments|||||| ||||Unrestricted|Restricted|Total|Total| ||||funds|funds
f|2021
F|2020| ||Interest receivable||21||21|266| ||For the year ended 31 October 2020||266|||266| ## ## |6|Other income||||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|funds|2021|2020| ||COVID-19 grant
Babcock grant|500||500|10,000
500| ||VAT refund||||43,141| ||Furlough
grant|16,116||16,116|12,511| |||16,616||16,616|66,152| ||Forthe year ended 31 October 2020|53,641|12,511||66,152| ## |Raising|funds||||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|funds|2021|2020| |Publicity|and fund raising|24,573||24,573|21,349| |Regular|mailings|5,598||5,598|18,279| |||30,171||30,171|39,628| |For the|year ended 31 October 2020|39,628|||39,628| ## ## ||||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---| |8|Charitable
activities||||funds|funds|2021|2020| ||Staff costs (see note|11)|||158,275|12,821|171,096|169,651| ||Rent and rates||||19,271||19,271|32,254| ||Insurance||||11,853||11,853|2,950| ||Light and heat||||10,013||10,013|11,533| ||Postage and telephone||||7,003||7,003|16,406| ||Printing
and stationery||||2,873||2,873|4,036| ||Sundries||||4,326||4,326|2,674| ||Tools, haberdashery|purchases||& refurbishment|15,169||15,169|30,098| ||Carriage
and packaging||||5,535||5,535|4,004| ||Vehicle fuel and servicing||||23,757||23,757|25,872| ||Premises
repairs and|renewals|||5,456||5,456|5,695| ||Cleaning
and trade refuse||||3,590||3,590|3,829| ||Scholar packs|||||1,034|1,034|17| ||Overseas
freight||||4,623|102,704|107,327|67,646| ||Travelling||||598||598|5,422| ||Legal and professional||charges||12,098||12,098|18,025| ||Audit and accountancy||fees||5,421||5,421|9,650| ||Health and safety||||6,976||6,976|8,403| ||Depreciation||||12,183|8,869|21,052|28,413| ||Profit or loss on disposal||||(5,000)||(5,000)|| ||Bank charges||||3,355||3,355|3,460| ||In country development||costs||9,854||9,854|21,909| ||||||317,229|125,428|442,657|471,947| ||For the year ended 31||October|2020|375,320|96,627||471,947| |9|Net|gains on investments|Unrestricted
funds|Restricted
funds|Total
2021|Total
2020| |---|---|---|---|---|---|---| ||Gain|on listed investments|10,115||10,115|661| ||For|the year ended 31 October 2020|661|||661| ## ## ||||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---| |10|Net incoming/(outgoing)|resources|||funds|funds|2021f|2020
F| ||This is stated after charging:|||||||| ||Depreciation||||12,183|8,869|21,052|28,413| ||Fees payable to the Charity's
auditors
for the
audit ofthe Charity's
financial statements||||5,400||5,400|5,200| |11|Staff costs||||Unrestricted|Restricted|Total|Total| ||||||funds|funds|2021|2020| ||Wages and salaries||||140,587|12,210|152,797|147,610| ||Social security costs||||9,843||9,843|10,121| ||Pension costs||||6,771|611|7,382|9,643| ||Staff recruitment
costs||||61||61|| ||Staff training||||1,013||1,013|2,277| ||||||158,275|12,821|171,096|169,651| ## ## |13|Tangible fixed assets|Tangible fixed assets||||||| |---|---|---|---|---|---|---|---|---| ||||||Land and|Motor|Fixtures,|Total| ||||||buildings|vehicles 8|fittings 8|| |||||||plant|equipment|| ||Cost|||||||| ||At 1 November
2020||||331,111|78,702|47,189|457,002| ||Additions|||||44,080|4,436|48,516| ||Disposals|||||(19,482)||(19,482)| ||At 31 October 2021||||331,111|103,300|51,625|486,036| ||Depreciation
and impairment|||||||| ||At 1 November
2020||||88,450|66,194|27,502|182,146| ||Depreciation
charged|in|the year||6,622|7,538|6,892|21,052| ||Eliminated
on disposals|||||(19,480)||(19,480)| ||At 31 October 2021||||95,072|54,252|34,394|183,718| ||Carrying
amount|||||||| ||At 31 October 2021||||236,039|49,048|17,231|302,318| ||At 31 October 2020||||242,661|12,508|19,687|274,856| |14|Investments||||||2021|2020| ||CCLA Pooled Investment||Funds|—Market value|||98,491|18,376| |||||—Historical cost|||80,000|10,000| ||Value as at 1 November||2020|||||18,376| ||Additions|||||||70,000| ||Change
in market value|||||||10,115| ||Value as at 31October||2021|||||98,491| ## ## |ebtors: amo|unts
falling due within one year||| |---|---|---|---| |||2021|2020| |Gift aid||7,648|7,464| |Prepayments|and accrued income|6,756|19,903| |||14,404|27,367| |reditors:|amounts
falling due within one year||| |---|---|---|---| |||2021|2020| |Taxation|and social security|3,805|3,351| |Other creditors||13,193|7,584| |Accruais||5,933|12,547| |Deferred|freight income|53,484|78,975| |||76,415|102,457| ## |||Balance at 1|Deposits|Released to|Balance at 31 Oct| |---|---|---|---|---|---| |||Nov 2020|received|income|2021| ||||||F| |Charitable|activities|78,975|77,213|(102,704)|53,484| ## |18|Movement
in|funds|||||| |---|---|---|---|---|---|---|---| ||||At 1|Incoming|Outgoing|Transfers|At 31| ||||November|resources|resources||October| ||||2020||||2021| ||Unrestricted|funds|||||| ||General
fund||556,171|470,314|347,400||679,085| ||Restricted
funds||||||| ||Overseas
freight|||102,704|(102,704)||| ||Van appeal||35,292|83,536|(7,538)||111,290| ||Boiler||3,999||(1,330)||2,669| ||Scholarship
packs||1,034||(1,034)||| ||Sheldon appeal||24,740|6,779|12,822||18,697| ||||65,065|193,019|(125,428)||132,656| ||Total funds||621,236|663,333|(472,828)||811,741| ||||At 1|Incoming|Outgoing|Transfers|At 31| ||||November|resources|resources||October| ||||2019||||2020| ||Unrestricted|funds|||||| ||General fund||499,253|471,866|(414,948)||556,171| ||Restricted funds||||||| ||Overseas
freight|||57,454|(57,454)||| ||Van appeal||20,230|29,876|(14,814)||35,292| ||Boiler||5,330||(1,331)||3,999| ||Scholarship|packs|496|557|(19)||1,034| ||Furlough
income
Sheldon appeal|||12,511
35,238|(12,511)
~10,498||24,740| ||||26,056|135,636|(96,627)||65,065| ||Total Funds||525,309|607,502|(511,575)||621,236| ## ## ||||Unrestricted|Restricted|Total| |---|---|---|---|---|---| |Fund balances at 31 October 2021 are represented||by:|||| |Tangible|fixed assets||250,606|51,712|302,318| |Fixed asset investments|||98,491||98,491| |Current|assets/(liabilities)||329,988|80,944|410,932| ||||679,085|132,656|811,741| |Fund balances
at 31 October 2020 are represented||by:|||| |Tangible|assets||258,351|16,505|274,856| |Fixed asset investments|||18,376||18,376| |Current|assets/(liabilities)||279,444|48,560|328,004| ||||556,171|65,065|621,236| ## ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| |Surplus/(Deficit)|for the year||||190,505|95,927| |Ad ustments
for:||||||| |Investment
income recognised
in statement|||of financial|activities|(21)|(266)| |Fair value gains|and (losses) on investments||||(10,115)|(661)| |Depreciation
and|impairment
oftangible|fixed assets|||21,052|28,413| |Gain on disposal|oftangible
fixed assets||||(5,000)|| |Movements
in workin
ca ital:||||||| |(Increase)
/ decrease
in debtors|||||12,963|(3,021)| |Increase
/ (decrease)
in creditors|||||(26,040)|19,514| |Cash generated|from operations||||183,344|139,906|