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||||Page||
|---|---|---|---|---|
|Reference and Administrative
Details|||||
|Report ofthe Trustees||2|to|5|
|Independent
Examiner's|Report||||
|Statement
of Financial|Activities||||
|Balance Sheet|||||
|Notes tothe Financial Statements||9|to|16|
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|served dur|i|ng the year and up to the date|of this report were:|of this report were:|
|---|---|---|---|---|
|Directors|||Appointed/resigned||
|Mr Jeffrey||Twentyman|Chairman||
|Mr Andrew||Cartwright|||
|Mr Matthew||Dixon|||
|Mr Julian|Ebai||Appointed:|6June 2023|
|Mr Mark Florman|||||
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes|||||
|Income and endowments|from||||||
|Donations
and legacies|||12,838||12,838|47,950|
|Charitable
activities|||||||
|Educational
programmes|||60,905||60,905|44,137|
|Other income|||167,192||167,192|73,038|
|Total|||240,935||240,935|165,125|
|Expenditure
on|||||||
|Raising funds|||7,895||7,895|14,608|
|Charitable
activities|||||||
|Educational
programmes|||134,643||134,643|170,058|
|Other|||10,808||10,808|19,364|
|Total|||153,346||153,346|204,030|
|Net gains/(losses)
on investments|||||~))|~255)|
|NET INCOME/(EXPENDITURE)|||87,588||87,588|(39,190)|
|Reconciliation
offunds|||||||
|Total funds brought
forward|||89,016|39,520|128,536|167,726|
|Total funds carried forward|||176,604|39,520|216,124|128,536|
##
||The|Gomrnonwealth
Education Trust|||
|---|---|---|---|---|
|||Balance Sheet|||
|||N December 2622|||
|Fixed assets|||||
|Tangible assets|||||
|Gurrent assets|||||
|Debtors
Cash at bank|||6,723
218450|6,723
'129881|
||||225,173||
|Greditors|||||
|Amounts
falling due within one year|||(9,049)|(8,088)|
|Net currerrt|assets||216124|128536|
|Total assets|less current liabilities||216,t24|t28,536|
||||216124|128,598|
|Funds|||||
|Unrestricted|funds||176,604|89,0f6|
|Restricted funds|||39520|39520|
|To'tal funds|||||
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|are payable
within one ye|are payable
within one ye|ar are measured
a|t the undiscounted
amount|ofthe cash expected to be p|aid.|
|---|---|---|---|---|---|
|Donations
and legacies||||2022|2021|
|Other income||||12,838|47,950|
|Income from charitable||activities||||
|||||2022|2021|
|||Activity||||
|Teacher professional||||||
|development||Educational|programmes|60,905|44,137|
|Raising funds||||||
|Raising donations|and|legacies||||
|||||2022|2021|
|Office costs||||18||
|Investment
management||costs||||
|||||2022|2021|
|Staff costs|||||7,799|
|Support costs||||4,143|6,448|
|Administrative
expenses||||350||
|Travel and subsistence||||3,384|361|
|||||7,877|14,608|
|Aggregate
amounts||||7,895|14,608|
|Other||||||
|||||2022|2021|
|||||R||
|Support costs||||~10808|19,364|
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|
December 2021.
Staff costs||||||y||
|
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|Wages and salaries|||||||114,744|124,552|
|Social security costs|||||||1,057|4,111|
|Other pension costs|||||||1,200|2,725|
||||||||117,001|131,388|
|The average
monthly|number||of|employees||during the year was as follows:|||
||||||||2022|2021|
|Chief executive|||||||1|1|
|Secretary|||||||1||
|No employees
received emoluments|||||in excess off60,000.||||
|Comparatives
for the statement||||of|financial activities||||
|||||||Unrestricted|Restricted|Total|
|||||||fund|fund|funds|
|||||||||R|
|Income and endowments||from|||||||
|Donations
and legacies||||||47,950||47,950|
|Charitable
activities|||||||||
|Educational
programmes||||||44,137||44,137|
|Other income||||||73,038||73,038|
|Total||||||165,125||165,125|
|Expenditure
on|||||||||
|Raising funds||||||14,608||14,608|
|Charitable
activities|||||||||
|Educational
programmes||||||170,058||170,058|
|Other||||||19,364||19,364|
|Total||||||204,030||204,030|
|Net gains/(losses)
on|investments|||||~285)||~285)|
|NET INCOME/(EXPENDITURE)
Transfers between funds||||||(39,190)
25D|~250)|(39,190)|
##
|Comparatives|for the statement|for the statement|of financial activities - continued|of financial activities - continued||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted||Total|
|||||fund||fund|funds|
|Net movement|in funds|||(38,940)||(250)|(39,190)|
|Reconciliation|offunds|||||||
|Total funds brought||forward||127,956|39,770||167,726|
|Total funds carried forward||||89,016|39,520||128,536|
|Support costs||||||||
|||||||2022|2021|
||||Charitable|Investment||Total|Total|
||||activities|management|Other|funds|funds|
|Finance and||||||||
|administration|||8,262|1,180|2,361|11,803|21,371|
|Rent, rates and||||||||
|service charges|||1,788|255|511|2,554|2,366|
|Insurance|||2,624|375|750|3,749|2, I09|
|Office costs|||7,876|1,125|2,250|11,252|29,396|
|Governance
costs|||2,520|360|720|~3600|9,240|
|2022 Total funds|||23,070|3,296|6,591|~32957|64,482|
|2021 Total funds|||45,138|6,448|12,896|64,482||
|The comparative|support costs for||the Charity are:|||||
|||||||2021|2020|
||||Charitable|Investment||Total|Total|
||||activities|management|Other|funds|funds|
|Finance and||||||||
|administration|||14,960|2,137|4,274|21,371|30,429|
|Rent, rates and||||||||
|service charges|||1,656|237|473|2,366|4,942|
|Insurance|||1,476|211|422|2,108|3,960|
|Office costs|||20,578|2,940|5,879|29,396|28,563|
|Governance
costs|||6,468|924|1,848|~9240|6,180|
|2021 Total funds|||45,138|6,448|~12896|~64 482|~74074|
|2020 Total funds|||51 852|7,407|14,815|74,074||
##
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|10.|Net movement
in f|un|ds||||
|---|---|---|---|---|---|---|
||||||2022 Total|2021 Total|
||||||funds|funds|
||This is stated after charging:||||||
||Staff costs||||106,264|132,351|
||Independent
examiner||fee||3,300|3,000|
||Operating
lease rentals||||2,554|2,366|
|11.|Debtors: amounts|falling due within one year|||||
||||||2022|2021|
||Other debtors||||5,000|5,000|
||Prepayments
and accrued income||||1,723|1,723|
||||||6,723|6,723|
|12.|Creditors: amounts||falling due within one year||||
||||||2022|2021|
||Expense creditors||||3,688|2,190|
||Other creditors||||321|1,678|
||Accruals and deferred||income||5,040|4,200|
||||||9,049|8,068|
|13.|Analysis
of net assets between funds||||||
||||||2022|2021|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
||Current assets
Current
liabilities||185,653
~9,049)|39,520|225,173
~9,049)|136,604
~8,088)|
||||176,604|39,520|216,124|128,536|
|14.|Movement
in funds||||||
||||||Net||
||||||movement|At|
|||||At 1/1/22|in funds|31/12/22|
||Unrestricted
funds||||||
||General funds|||89,016|87,588|176,604|
||Restricted funds||||||
||Restricted funds||||||
|||||39,520||39,520|
||TOTAL FUNDS|||128,536|87,588|216,124|
##
|Net movement|in funds,
incl|ude|d
in t|he above|are as follows:||||
|---|---|---|---|---|---|---|---|---|
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended|losses|in funds|
|Unrestricted|funds||||||||
|General funds|||||240,935|(153,346)|(1)|87,588|
|TOTAL FUNDS|||||240,935|)) 53,346)|~))|87,588|
|Comparatives|for movement||in funds||||||
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1/1/21|in funds|funds|31/12/21|
|Unrestricted|funds||||||||
|General funds|||||127,956|(39,190)|250|89,016|
|Restricted funds|||||||||
|Restricted funds|||||||||
||||||39,770||(250)|39,520|
|TOTAL FUNDS|||||167,726|~39,190)||128,536|
|Comparative|net movement|in|funds,|included|in the above are|as follows:|||
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended|losses|in funds|
|Unrestricted|funds||||||||
|General funds|||||165,125|(204,030)|(285)|(39,190)|
|TOTAL FUNDS|||||165,125|)204,030)|~265)|~39,190)|
|A current year|12months
and prior|year 12months
combined
p|osition
is as follo|ws:||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1/1/21|in funds|funds|31/12/22|
|Unrestricted|funds|||||
|General funds||127,956|48,398|250|176,604|
|Restricted funds||||||
|Restricted funds||||||
|||39,770||(250)|39,520|
|TOTAL FUNDS||167,726|48,398||216,124|
##
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|A current year
as follows:|12 months
and prio|r year 12 months
combined|net movement
in|funds,
included|in the above a|
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General funds||406,060|(357,376)|(286)|48,398|
|TOTAL FUNDS||406,060|)357.376)|~266)|48,398|
##
|||Balance at 1||||Balance at 31|
|---|---|---|---|---|---|---|
|||January 2022|Income|Expenditure|Transfer to restricted|December 2022|
|Education|funds|31||||31|
|Scottish funds||39,489||||39489|
|||39,520||||39520|