|||Pads|| |---|---|---|---| |Report ofthe Trustcm||1 to3|| |Indcpeadent
Examiner's Report|||| |Statement cfFhlanctel|Actlvtttes||| |Balance Sheet||6 to|7| |Cash Flmr Statetnent|||| |Nates tothe Cash Flow Statement|||| |Notes tothe ptnanctal|Statemeats|10 to|18| |DetaUed Statement of|Rnanctat ActNttlcs|19 to|20| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||Umestrictcd|Rcstrictcd|Total|Total| |||||tbnd|funds|lbnds|fimds| ||||Notes|8|||| |INCOME|AND ENDOWMENTS FROM||||||| |Donations|snd hgscies||||1,$74|1,874|2371| |Charitable|acttvNes||||||| |Tfalalllg||||793385||793,385|623,080| |Other income|||5|70,667||70,667|31,81$| |Total||||864,052|1,874|865,926|6S7869| |EXPENDITURE ON|||||||| |Charitable|acttvtttes||||||| |TmHllng||||592.616|2354|595,170|550,701| |||||117,083||117,083|117337| |Total||||709,699|2,554|712,253|667,938| |NET INCOME/(EXPENDITURE)||||154,353|(680)|153,673|(10,669)| |RECONCILIATION||OFFUNDS|||||| |Total gauds brought||forvrard||394,075|15,872|416,947|420,616| |TOTAL FUNDS CARRIED FORWARD||||548,428|15,192|563,620|409,947| ## |||||2022|2021| |---|---|---|---|---|---| |||Vmestrieted|Restricted|Total|Total| |||fimd|funds|funds|funds| ||Notes|E|E|E|E| |FIXEDASSETS|||||| |Tangible assets|12|254,352||254,3S2|| |CURRENT ASSETS|||||| |Debtom|13|48389||48389|25,151| |Cash at bank and in hand||261351|IS,192|276~3|Idtk231| |||309,740|15,192|324,932|185,382| |CREDITORS|||||| |Amounts
falling due within one year|14|(IS,664)||(15,664)|(16,719)| |NET CURRENT ASSETS||294,076|15,192|309468|168,663| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||54$,428|15,192|563,620|409847| |NET ASSETS||548,428|15,192|S63,620|409,947| |FUNDS|15||||| |Unrestricted
funds||||548,428|394,075| |Restricted
funds||||15,192|15,$72| |TOTAL FUNDS||||S63,620|409947| ## |||Cash Plow Statement||| |---|---|---|---|---| |||fortbe Year Eaded 31March|2022|| ||||2022|2021| |Cash Saws boas operating acttvidcs||||| |Cash gcncmtM Sum operations|||150,098|13313| |Nct cash provided by operating acdvitics|||150,098|13313| |Cash Saws Som Invtothsg acttvidcs||||| |Purchase oftantp'bie fixed assets|||(33,7&6)|(33,879)| |Nct cssb used in investing activities|||(33,786)|(33,879)| |Cbauge la cash and cash etinlvalents|la|||| |tbc reporting
period
Cash and cash equlvahmts
at the|||I16312|(20,666)| |beginning ofthe rcpordng period|||160,231|180,897| |Cash and cash miulvalants
at the end|of|||| |tbe reportbsg period|||276,543|160,231| ## ## |RECONCILIATION
OFNET INCOME/(EXPENDITURE)
T
OPERATING ACTIVITIES|O NET CASH|F143WFROM|| |---|---|---|---| |||2022|2021| |||6|6| |Net income/(expendltnre)
fortbe rcporgng period (as per the
Statcsncat ofFlnencbd Acth/Ides)||153,673|(10,669)| |At()nstsnents
for:
Deptoctsdoa charges
Loss on disposal offixed assets
lncteasc ia dcbtois
(Decrease)/inctesse
in cseditots||18,749
IP59
(23238)
(1,055)|14,019
(2,654)
12517| |Net cash provided by epcratleas||150,098|13313| |ANALYSIS OFCHANGES IN NET FUNDS|||| ||At 1.4.21|Cash Sow|At31.3.22| ||I|6|| |Net cash|||| |Cash atbeak and in hand|160,231|116,312|276Pl3| ||160,231|116,312|276443| |Total|160,231|116,312|276443| ## ## ## ## ## ## ## ## ## ## ## ## ## |INCOM|E FROM CI|IAIIITAELB ACTIVITIES||| |---|---|---|---|---| ||||2022|2021| |||Activity|E|E| |Training|thea|Tfalllillg|793,385|623,080| |2022|2021| |---|---| |E|E| |70,667|31,818| |70,667|31,818| ## |CHARITABLE ACTI|VITIES COSTS||| |---|---|---|---| |Training||2022|2021| |||E|E| |Statfcosts||487,663|430,653| |Worhsbop costs
Learners fees||6,862
3,035|3,610
~I| |Learner rewards||9,215|4,828| |Trainhtg resmuces||476|6311| |Leisure acgvitics||8,022|2,052| |Prcmiscs cosm||46,776|74,195| |Learner trausprm||5,910|6,066| |Catering expcnsm||6,520|6,766| |I3eprecialion||18,749|14,019| |Loss on udc ofnmgihle|fixed asset|),969|| |||595,197|550,701| ## ## |2022|2021f| |---|---| |37,067|$7,$10| |64,165|47,66$| |1$,851|12,062| |117,083|117,237| ||||2022
f|2021f| |---|---|---|---|---| |Indcpcndcnt|examination|fcc|2,000|2,000| |Bsnh charges|||320|306| |Other legal and pmfessional|||13,531|9,756| ||||15,851|12,062| ## ## |||2022f|2021
f| |---|---|---|---| |Depreciation|- owned assets|18,749|14,019| |Degcit on disposal offixed asset|||| |lndcpendcnt|examination
fec||2,000| ## ## ## ## ## ## ## |||||2022f|2021
f| |---|---|---|---|---|---| |Wages snd|salndcs|||465,545|434,901| |Social socurity||||37,446|34,089| |Pension costs||||9,230|9,125| |||||51~21|47&,115| |Thc average|monthly|number ofemployees|during the year wss as follown||| |||||2022|2021| |Chsrinddc objectives||||13|12| |Mmmgcment|mrd administration|||1|1| |Scmional workers||||2|2| |||||16|15| ## |,


totalkd 6157,630(2021:8161,669).|,


totalkd 6157,630(2021:8161,669).|,


totalkd 6157,630(2021:8161,669).||,| |---|---|---|---|---| |COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES||||| |||Unrestricted|Restricted|Total| |||fimd|funds|funds| ||||6|6| |INCOME|AND ENDOWMENTS FROM|||| |Donations|snd legacies||2,371|2,371| |Charitable|activities|||| |Training||623,080||623,080| |Other income||31,818||31,818| |Total||654,898|2,371|657369| |EXPENDITURE ON||||| |Charitable|activities|||| |Tra™ng||547,462|3339|550,701| |Other||117437||117,237| |Total||664,699|3N9|667,938| |NET INCOME/(EXPENDITURE)||(9,80i)|(868)|(10,669)| ## ## ## ||Notes to the Ftnandal
Statements - continued
for tbe Year Ended 31 March 2022|Notes to the Ftnandal
Statements - continued
for tbe Year Ended 31 March 2022|Notes to the Ftnandal
Statements - continued
for tbe Year Ended 31 March 2022|Notes to the Ftnandal
Statements - continued
for tbe Year Ended 31 March 2022|Notes to the Ftnandal
Statements - continued
for tbe Year Ended 31 March 2022|Notes to the Ftnandal
Statements - continued
for tbe Year Ended 31 March 2022|| |---|---|---|---|---|---|---|---| |II.|COMPARATIVES FORTlig STATEMENT OF FINANCIAL ACTIVITIES -congnued
Unreehicted
Rcstrictcd||||||Total| ||||||fund|funds|funds| ||||||6|6|6| ||RECONCILIATION OFFUNDS||||||| ||Total feeds brought fortrard||||403,876|16,740|420,616| ||TOTAL FUNDS CARRIED FORWARD||||394,075|15,872|409 947| |12,|TANGIBLE|FIXEDASSETS|||||| |||||Improvements|||| ||||Freehold|to|Plant and|Motor|| ||||property
f|plupcrty
6|machinery
f,|vehicles
8|Totals
6| ||COST||||||| ||At
1 April 2021
Additions||181,964|43,650|57,412
18,486|14,400
15,300|297,426
33,786| ||Disposals|||||(4,000)|(4,000)| ||At 31 March|2022|181,964|43,650|75,898|25,700|327/12| ||DEPRECIATION||||||| ||At
1 April 2021||6,670|6,771|36,365|6,336|56,142| ||Charge for year||3,638|4,365|6,426|4,320|18,749| ||Eliminated
on disposal|||||(2,031)|(2,031)| ||At 31 March|2022|10,308|11,136|42,791|8,625|72,860| ||NET BOOK|VALUE|||||| ||At 31 March|2022|171,656|32,514|33,107|17,075|254,352| ||At 31 March|2021|175,294|36,879|21,047|8,064|241,284| ||Ail assets werc used forcharitabl||pmposes.||||| |13.|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONK YEAR|||||| |||||||2022|2021| |||||||6|6| ||Trade debtors|||||45,459|20,715| ||Other debtors|||||1,000|2,500| ||Prepayments|and accrued income||||1,930|1,936| |||||||48389|25,151| ## ## ## ## |CREDITORS|: AMOUNTS FA|LLING DUE WITHIN ONE|YEAR||| |---|---|---|---|---|---| |||||2022|2021| |||||6|6| |Trade creditors
Social security|cnd other taxos|||1,406
9,876|3373
9~5| |Other creditors||||2382|1,765| |Accmed cspcnses||||2,000|2,446| |||||15,664|16,719| |MOVEMENT|IN FUNDS||||| |||||Nct|| |||||movement|At| ||||At 1.4.21|in funds|31.3.22| |||||6|| |Uu estrlcted funds|||||| |General income|flmd||394,075|154353|548,42$| ||||15396|(680)|14,716| ||||476||476| ||||15,872|(680)|15,192| |TOTAL FUNDS|||409,947|153,673|563,620| |Nct movement|in funds, included|in tbc above are as follows:|||| ||||||Movement| ||||||in lbnds| ||||||f| |Uurcstrictcd
funds|||||| |General income|fund||$64,052|(709,699)|154,353| |Restricted funds|||||| |Restricted assets fund||||(680)|(680)| |Restricted income fled|||1,874|(1,874)|| ||||1,874|(2,554)|(680)| |TOTAL FUNDS|||865,926|(712,253)|153,673| ## ## ## ## |Comparathres
for movement
In funds|||| |---|---|---|---| |||Nct|| |||movement|At| ||At 1.420|in lbnds|31.3.21
f| |Unawstrktcd
Itmds|||| |General income fund|403,876|(9,801)|394,075| |Restrktcd itmds|||| |Rctcricted stack fund|16,264|(868)|15,396| |Restricted income fund|476||476| ||16,740|(868)|15,872| |TOTAL FUND8|420,616|(10,669)|409,947| |Comparative
net movement|in funds, included|in thc above are as Follows:||| |---|---|---|---|---| |||Incoming|Remurces|Movcmcnt| |||rewllfcca
6|cspcndcd
f|in lbnds| |Unrestricted
funds||||| |General income fund||654,898|(664,699)|(9,801)| |Restrktsd fuads||||| |Resiricted assets fund|||(868)|(868)| |Restricted income fund||2,371|(2371)|| |||2,371|(3,239)|(868)| |TOTAL FUNDS||657,269|(667,938)|(10,669)| |A current year 12months and prior year 12 months combined position isas follows:||||| ||||Nta|| ||||movcmcnt|At| |||At 1.4.20|in funds|31.3.22| |||f.|6|6| |Uare¹trkted funds||||| |General income Ibnd||403,876|144,552|548,428| |Rnstl ktcd funds||||| |Restricted assets fund||16,264|(1,548)|14,716| |Restricted income ibad||476||476| |||16,740|(1,548)|15,192| |TOTAL FUNDS||420,616|143,004|563,620| ## ## ## ## ||Incoming|Resouces|Movcmeut| |---|---|---|---| ||resources|cxpcnded|in fimds| ||6|8|6| |Un
striated funds|||| |General incomo fimd|1,518,950|(1,374398)|144452| |Rcstrtctcd funds|||| |Restrictcd assets fund||(1,548)|(1,548)| |Rcshictcd income ibnd|4,245|(4~5)|| ||4,245|(5,793)|(1,548)| ||1,523,195|(1,380,191)|143,004| ## ||||||2022|2021| |---|---|---|---|---|---|---| |||||||6| |Amounts|due|fiom|I|Young|1,000|| |Amounts|duc|fium|8|Amatt||2,500| ## ||GUST ladepeadent
Scbool|Ltd||| |---|---|---|---|---| ||Detailed Statement ofptnanclal|Actlvtges||| ||for the Year Ended 31 March 2022|||| ||||2022|2021| |INCOME AND ENDOWMENTS||||| |Donagoas and tcgadcs
Donations
and gmats|||1,874|2,371| |Charitable attlvtttes||||| |Training fees|||793,385|623,080| ||||70,667|31,818| |Total Incoming resources|||865,926|657,269| |EXPENDITURE||||| |Charitable
activities||||| |Wages snd salaries
Social security|||440,987
37,446|391,791
30,527| |Pension costs|||9303|8,335| |Wortudtcp costs
Lcamers fees|||6,862
3,035|3,610
2301| |learner rewards|||9,215|4,828| |Tfaalnlg lesoulccs|||476|6311| |Leisure activities|||8,022|2,052| |Premises costs|||46,776|74,195| |Lerner trsnsptm
Catering expmncs
Preebold property dcprcciation
bnplOVCmenls
to property dcpleeiation
Plant and
scbinery depreciation|||5,910
6,520
3,638
4,365
6,426|6,066
6,766
3,638
3,108
4,941| |Motor vehicles deplnebtnon|||4,320|2332| |Losson sale oftangible fixed assets|||1,969|| ||||595,170|550,701| |Support sects||||| |Staffcosts||||| |Adminisustion
salaries|||24,558|43,]10| |Social security||||3,562| |Pension costs||||790| |Stafftraining end welfare|||12,509|10,048| ||||37,067|57,510| |General||||| |Motor cxpenscs|||IS,037|13,239| |Travel snd subsistcncc|||1,683|101| |Tclcphonc|||6,402|6,837| |Cerned
forward|||23,122|20,177| ## |||Iletaged Statement of
forthe Year Eaded|Ignaactal ActlvNes
31March 2022|| |---|---|---|---|---| ||||2022|2021| ||||E|6| |General||||| |Bmught grrmud
Stationary aud postage|||23,1223'|20,177
2,749| |Intcmet and|ITcosts||12381|?„924| |Insurance|||10,907|10,134| |Soudry expenses|||9,066|9,838| |Entertaining|||$,402|1,843| ||||64,165|47,665| |Geecrlmuce||||| |Independent|examination|fee|2,000|2,000| |Bank charges|||320|306| |Other legal snd pmfcssionai|||13,531|9,756| ||||15,851|12,062| |Total reswaces|expended||712253|667rt38| |Net lacsmatI|xpendttare)||153,673|(10,669)|