2022-04-30-accounts - Solomon Academic Trust

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			Notes	Unrestricted	Restricted	2022	2021
				Funds	Funds	Total	Total
Income from:
Donations arid legacies Charitable aethitIes			2 3	280,699 13,999	17,210	287,909 13,999	355,'f65 14,048
Investments			4	32		32	1,390
Total income				294;730	17,210	311,940	370,603
Expenditure on:
Raising funds				(39,767)		(39,767)	(22,108)
Charitable activities				(272,497)	{2.1,635)	(294,132)	{316,709)
Total Expenditure				(312,264)	(2'i,635)	(333,899}	(338,817)
Net income/(expenditure)			before gains on investments	(17,534)	(4,425)	(21,959)	31,786
hlet gains/(losses)	on investments			(131)		(1.31)
Net movement on		funds		(17,665)	(4,425)	(22,090)	31,786
Transfer ofFunds
Total funds brought		forward		224,856	2'5,010	249,866	218,080
Total funds carried		forward		20?,191	20,585	227;776	249,866

		Solomon Academic Trust
		Balance Sheet
		as at 30th April 2022
		Notes	2022	2021
Fixed Assets
Tangible assets		10	2,492	4,892
Current Assets
Trade debtors
Sundry Debtors 8 Cash at bank and	Prepayments in hand		25,419 201,335	23,174 226,520
Total current assets			226,?55	249,694
Creditors: Amounts	falling due within	one year
Trade creditors
Advance receipts
Accruals			(1,470)	(4,720)
Total current liabilities			(1,470)	(4,720)
Total net current assets			225,285	244,974
Total net assets			227,776	249,866
Represented by
Restricted funds		12	20,585	25,010
Unrestricted funds		12	207,191	224,856
Total funds			227,776	249,866

2.	Incdme f	rom donitions and legacies
			Unrestricted	Restrict'ed	Total	Total
			Funds	Funds	.2022.	2024
						E
	Donations	received	89,146		89,146	126,377
	Grants received from Bridge Trust USA		191,552		'I9'l,552	208,'788'
	Other grants received			17;210.	17,210	20,000
			280,699	17,210	297,909	.355;165
3.	Income frorri charitable activities
			Unrestricted	Restricted	Total	Total
			Funds	Funds	.2022	202'I
	Teaching	income	13,000		13,000	13,074
	Other income		999		999	974
			1'3;999		13,999	14,048
4.	Income from investments
					2'022	2021
					K	E
	Interest income					1,390

Cost of raisinjfunds	Unrestricted	Restricted	Tota I	Total
	Funds	Funds	2022	2021
	f
Salaries and related costs	35,522		'35,522	21,547
.Other: direct costs	4,245		4,245	561
	39,767		39,767	22,108

			Unrestricted	Restricted	Total	Total
			Funds	Funds	2022	2021
			E	f	R	E
Centre for Ilusiim-Christian		Studies:
Salaries and related costs			119,320		119;320	138,505
Courses, conferences	and lectures		8,737		8;737	6,463
Other direct costs			l9,393	21,56.0	40,953	24,576
Grant-funding activities			5;000		.5,000	5„000
Total direct costs			152,450	21,560	174,0'l0	174,544,
Support costs			82,375	75	82;456	104,023
Total CMCS costs			234,825.	21,635	256;460	278,567
Reading the Bible in the Context of islam:
Salaries and related costs			'34,512		34;512	31,101
Other direct costs						41
Grant-funding ofactivities			3,160		3,160	?,000
Total dIrect costs			37,672		37,672	38,142
Total RBCl costs			37;6?2		37,672	38,142
Total expenditure on charitable		activities	272,497	'21,635	294,1.32	318,709

Analysis of	support costs
		2022	2021f
Premises costs		32;463	34,657
Salaries and Office costs. independent Depreciation Travel	related costs Examiner	36;308 1'0,200 770 2',400 '309	48,486 17,355 1,125 2,400
Total support	costs	82,460	104,023

Fixed assets
	Fixtures
	8 fittihgsf	Total
Cost
At 1st May 2021	17,224	11,224
At 30th April 2022	17,224	17:,224
Depreciation
At 1st May 2021	12,332	12332
Charge for theyear	2,400	2,400
At.30th April 2022	14,73'2	14,732
Net book.value
At 1st May 2021	4,892	4;892
At 30th Aprii 2022	2,492	2,492
Sundry debtors and prepayments'
	2022	2021
	f.	E
Lease deposit paid	14,000	14,000
Prepayments	5,937	5;963
.Gift aid tax recoverable		2
"Match" funds receivable	5;483	3,209
Total	25,419	23,174

	Balance 01.05.21	incoming resources	Direct costs	Support costs	Gains/losses on investments		Balance 30.04.22
Restricted funds
Langham fund	25,010	17,210	(21,560)	(75)			20,585
Total restricted:funds:25, 010		17,210	(21,56Q)	(75)			20,585
Unrestricted
general fund	..224,856	294,730	(229,889)	(82,375)	(131)	-	20?,191
Total funds	249,866	311,940	(251,449)	(82;450).	('f31)	-	227,776

	Balance 01.DS;20	Incoming resources'	Direct costs	Transfers	Balance 30.04.21
Restricted funds
C8MPL fund Langham fund	19,931	52 20,000	(3,675} {21,721)	3,623 6,800	25,010
Total restricted. funds	19,931	20,052	(25,396)	10,423	25;010
Unrestiicted
general fund	198,149	350,551	(313,421)	(10,4233.	224,8M.
Total funds	218,080	370,603	(338,817)		249;866

			Unrestricted	Restricted	Total
			Funds	Funds	2022
			F	'R.	f
Fund bitances at 30th April 2022 as represented		by
Tangible	fixed assets		2,492		2;492
Current	assets		206,170	20,585	226,755
Current	liabilities		(1,4.70)		(1,470}
			207,191	:2'0,585	227,776
			Unrestricted	Restricted	Total
			Fun.ds-	Funds	2021
			K		F
Fund balances at 30th April 2021 as represented		by
Tangible	fixed assets		4,892'		4,892
Current	assets		224,684	25,010	249,694
Current	liabilities		(4,720)		(4,720)
			.224,856	25,010	24S,866-