## ## ## |||||Page| |---|---|---|---|---| |Trustees'
annual
report (incorporating|the|director's|report)|| |independent
examiner's
report to the|trustees|||| |Statement
offinancial
activities (including||income and||| |expenditure
account)||||| |Statement offinancial
position||||| |Statement ofcash flows||||| |Notes to the financial statements||||10| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2021|2021|2020| |---|---|---|---|---|---|---| |||||Unrestricted||| ||||Note|funds
f|Total funds
f|Total funds
f| |Income and endowments||||||| |Donations
and legacies|||5|461,568|461,568|432,610| |Charitable
activities|||6|187,855|187,855|167,532| |Total income||||649,423|649,423|600,142| |Expenditure||||||| |Expenditure
on raising funds:||||||| |Costs of raising donations||and legacies|7|9,000|9,000|5,250| |Expenditure
on charitable|activities||8,9|434,188|434,188|488,884| |Total expenditure||||443,188|443,188|494,134| |Net gains on investments|||10|||(21,233)| |Net income and net movement||in funds||206,235|206,235|127,241| |Reconciliation offunds||||||| |Total funds brought
forward||||589,682|589,682|462,441| |Total funds carried forward||||795,917|795,917|589,682| ## ## ## ## |||Note|f|2021||2020
6| |---|---|---|---|---|---|---| |Fixed assets||||||| |Tangible fixed assets||15|||395,429|312,385| |Current assets||||||| |Debtors
Cash at bank and
in|hand|16|5,351
525,706|||11,470
322,103| ||||531,057|||333,573| |Creditors: amounts|falling due within one year|17|113,669|||29,777| |Net current assets|||||417,388|303,796| |Total assets less current liabilities|||||812,817|616,181| |Creditors: amounts|falling due after more than|||||| |one year||18|||16,900|26,499| |Net assets|||||795,917|589,682| |Funds ofthe charity||||||| |Unrestricted
funds|||||795,917|589,682| |Total charity funds||20|||795,917|589,682| ## ## ## ## ## ## ## ## |Year e|nded 31August|2021|| |---|---|---|---| |||2021|2020| |Cash flows from operating
activities|||| |Net income||206,235|127,241| |Adjustments
for:|||| |Depreciation
oftangible
fixed assets
Government
grant income
Net gains on investments
Interest payable and similar charges
Accrued (income)/expenses||99,454
(30,100)
14,413
(4,999)|76,787
(23,033)
(21,233)
5,429
3,999| |Changes
in:|||| |Trade and other debtors
Trade and other creditors||6,119
79,292|1,836
(5,250)| |Cash generated
from operations||370,414|165,776| |Interest paid||(14,413)|(5,429)| |Net cash from operating
activities||356,001|160,347| |Cash flows from investing
activities|||| |Purchase oftangible assets
Proceeds from sale oftangible assets
Proceeds from sale ofother investments||(182,498)|(170,698)
93,767
21,233| |Net cash used
in investing
activities||(182,498)|(55,698)| |Cash flows from financing
activities|||| |Government
grant income||30,100|23,033| |Net cash from financing
activities||30,100|23,033| |Net increase in cash and cash equivalents
Cash and cash equivalents
at beginning|ofyear|203,603
322,103|127,682
194,421| |Cash and cash equivalents
at end ofyear||525,706|322,103| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Donations|and le|gacies||||| |---|---|---|---|---|---|---| ||||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||Funds|2021|Funds|2020| ||||||E|6| |Donations||||||| |Donations|||431,468|431,468|409,577|409,577| |Grants||||||| |Government|grant|income|30,100|30,100|23,033|23,033| ||||461,568|461,568|432,610|432,610| ## ## ## ## ## |6.|Charitable|a|ctivities||||||| |---|---|---|---|---|---|---|---|---|---| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds|2021|Funds|2020| ||||||||6|F|6| ||Student fees|||||159,805|159,805|160,768|160,768| ||Rent Received|||||28,050|28,050|6,764|6,764| |||||||187,855|187,855|167,532|167,532| |7.|Costs of raising donations||||and legacies||||| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds
f|2021
8|Funds
6|2020| ||Costs of raising donations|||and legacies|||||| ||- Donations|||||9,000|9,000|5,250|5,250| |8.|Expenditure||on charitable||activities|by fund type|||| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds
6|2021
8|Funds
5|2020
f| ||Charitable|Activities||||397,519|397,519|432,902|432,902| ||Supportcosts|||||36,669|36,669|55,982|55,982| |||||||434,188|434,188|488,884|488,884| |9.|Expenditure||on charitable||activities|by activity type|||| |||||||Activities|||| |||||||undertaken||Total funds|Total fund| |||||||directly Support costs||2021|2020| |||||||6|6||| ||Charitable|Activities||||397,519||397,519|432,902| ||Governance||costs||||36,669|36,669|55,982| |||||||397,519|36,669|434,188|488,884| |10.|Net gains|on investments|||||||| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds
f|2021
6|Funds|2020| ||Gains/(losses)||on investment||property|||21,233|21,233| ## ## ## ## |11.|Net income||Year ended 31August 202|1|| |---|---|---|---|---|---| ||Net income|is stated after|charging/(crediting):||| |||||2021|2020| ||Depreciation
oftangible
fixed assets
Operating
lease rentals|||99,454
4,000|76,787
2,000| |12.|Independent|examination|fees||| |||||2021|2020| ||Fees payable|to the independent
examiner for:|||| ||Independent
examination
Other financial services||ofthe financial statements|1,200
3,388|1,200
6,059| |||||4,5&8|7,259| ## |Staffcosts|Staffcosts|Staffcosts|||||4,5&8
7,259|4,5&8
7,259| |---|---|---|---|---|---|---|---|---| |The total staff costs and employee|||benefits for||the reporting|period are|analysed as follows:|| ||||||||2021|2020| |Wages and salaries|||||||179,859|174,177| |The average
head count of employees
of full-time
equivalent
employees
during||||during
the year was
the year is analysed||10(2020:
as follows:|10).The average|number| ||||||||2021|2020| ||||||||No.|No.| |Number
ofemployees|||||||10|10| ## ## ## ## ## ## |15.|Tangible fixe|d asset|s|||| |---|---|---|---|---|---|---| ||||Long|||| ||||leasehold|Fixtures and||| ||||property
f|fittings
f|Equipment|Total
f| ||Cost|||||| ||At 1 September 2020||704,307|232,505|113,360|1,050,172| ||Additions||60,401||122,097|182,498| ||At 31August|2021|764,708|232,505|235,457|1,232,670| ||Depreciation|||||| ||At 1 September 2020||455,667|215,851|66,269|737,787| ||Charge for the year||71,578|2,498|25,378|99,454| ||At 31August|2021|527,245|218,349|91,647|837,241| ||Carrying
amount
At 31August 2021||237,463|14,156|143,810|395,429| ||At 31 August 2020||248,640|16,654|47,091|312,385| |16.|Debtors|||||| ||||||2021
f|2020
f| ||Prepayments|and accrued income|||728|697| ||Other debtors||||4,623|10,773| ||||||5,351|11,470| |17.|Creditors: amounts||falling due within one year|||| ||||||2021
f|2020| ||Trade creditors||||98,705|10,329| ||Accruals and deferred||income||3,645|8,644| ||Social security|and other taxes|||1,720|1,205| ||Other creditors||||9,599|9,599| ||||||113,669|29,777| |18.|Creditors: amounts||falling due after more than one|year||| ||||||2021
f|2020
f| ||Other creditors||||16,900|26,499| ## ## ## ## ## |19.|Government|grants|grants|||||||| |---|---|---|---|---|---|---|---|---|---|---| ||The amounts|recognised||in the financial statements||for|government|grants are as follows:||| |||||||||2021
f||2020
f| ||Recognised|in income|from donations||and legacies:|||||| ||Government|grants income||||||30,100||23,033| |20.|Analysis of|charitable|funds|||||||| ||unrestricted|funds||||||||| |||||At||||||At| |||||1 September
2020
f|Income
F||Expenditure
f|Gains and
losses|31August 20
21
f|| ||Unrestricted|Fund||589,682|649,423||(443,188)||795,917|| |||||At||||||At| |||||1 September
2019|Income
f||Expenditure
f|Gains and
losses
f|31 August 20
20|| ||Unrestricted|Fund||462,441|600,142||(494,134)|21,233|589,682|| ## |Analysis ofnet asset|s between
funds||| |---|---|---|---| |||Unrestricted|Total Funds| |||Funds
f|2021
f| |Tangible fixed assets
Current assets
Creditors greater than|1 year|395,429
417,388
(16,900)|395,429
417„388
(16,900)| |Net assets||795,917|795,917| |||Unrestricted|Total Funds| |||Funds|2020| ||||f| |Tangible fixed assets
Current assets
Creditors greater than|1 year|312,385
303,796
(26,499)|312,385
303,796
(26,499)| |Net assets||589,682|589,682| ## ## ## ## ## |22.|Financial in|strument|strument|s|s|s|||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||The carrying|amount||for each category offinancial|||instrument|is as follows:|||| ||||||||||2021|2020|| ||||||||||6||6| ||Financial assets||measured||at fair value through||income|and expenditure|||| ||Financial assets measured||||at fair value through|income and|||||| ||expenditure||||||||531,057|335,573|| |23.|Analysis of|changes||in net debt|||||||| |||||||||||At|| ||||||||At1 Sep2020||Cash flows|31 Aug|2021| ||||||||||6||6| ||Cash at bank|and|in|hand|||322,103||203,603|525,706|| ##