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||||Pages|
|---|---|---|---|
|Trustees'<br>Annual<br>Report|||2to4|
|Independent<br>Examiner's|Report||5to 5|
|Statement of Financial Activities|||6to6|
|Summary<br>Income and Expenditure||Account|7to 7|
|Balance Sheet|||Sto8|
|Statement ofCash flows|||9to9|
|Notes to the Accounts|||10to 18|
|Detailed Statement of Financial Activities|||19to 21|





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|for the year|ended 31Octobe|r 2020|||||
|---|---|---|---|---|---|---|
||||Unrestricte|Restricted|||
||||d funds|funds|Total funds|Total funds|
||||2020|2020|2020|2019|
|||Notes|E|E|E|E|
|Income and|endowments||||||
|from:|||||||
|Donations|and legacies||136,398|20,438|156,836|81,309|
|Charitable|activities||93,020||93,020|70,116|
|Other trading activities|||171,667||171,667|249,854|
|Other||||||63|
|Total|||401,085|20,438|421,523|401,342|
|Expenditure|on:||||||
|Raising funds||8|2,996||2,996||
|Charitable|activities|9|6,827||6,827|5,212|
|Other||10|355,441|10,939|366,380|329,051|
|Total|||365,264|10,939|376,203|334,263|
|Net gains on|investments||||||
|Net income|||35,821|9,499|45,320|67,079|
|Transfers between<br>funds|||||||
|Net income <br>gains/(losses)|before other||35,821|9,499|45,320|67,079|
|Other gains|and losses||||||
|Net movement<br>in funds|||35,821|9,499|45,320|67,079|
|Reconciliation offunds:|||||||
|Total funds brought<br>forward|||70,545||70,545|3,466|
|Total funds carried forward|||106,366|9,499|115,865|70,545|





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|||2020|2019|
|---|---|---|---|
|||f|E|
|Income||421,523|401,342|
|Gross income for the year||421,523|401,342|
|Expenditure||374,487|331,831|
|Depreciation|and charges for|||
|impairment|offixed assets.|1,716|2,432|
|Total expenditure<br>for the year||376,203|334,263|
|Net income|before tax for the year|45,320|67,079|
|Net income|for the year|45,320|67,079|





|at 31October 2|020|020|020||||
|---|---|---|---|---|---|---|
|Company<br>No.|06716163|||Notes|2020|2019|
|||||||6|
|Fixed assets|||||||
|Tangible assets||||13|4,299|6,015|
||||||4,299|6,015|
|Current assets|||||||
|Debtors||||14|277,261|259,117|
|Cash at bank|and||in hand||70,971|2,517|
||||||348,232|261,634|
|Creditors: Amount||falling due within one year||15|(236,666)|(197,104)|
|Net current assets|||||111,566|64,530|
|Total assets less|current liabilities||||115,865|70,545|
|Net assets excluding|||pension asset or liability||115,865|70,545|
|Total net assets|||||115,865|70,545|
|The funds ofthe|charity||||||
|Restricted funds||||16|||
|Restricted<br>income|||funds||9,499||
||||||9,499||
|Unrestricted<br>funds||||16|||
|General funds|||||106,366|70,545|
||||||106,366|70,545|
|Reserves||||16|||
|Totalfunds|||||115,865|70,545|






## 

|||2020|2019|
|---|---|---|---|
|||E|f|
|Cash flows from operating<br>activities||||
|Net income per Statement of Financial Activities||45,320|67,079|
|Adjustments<br>for:||||
|Depreciation<br>of property,<br>plant and equipment||1,716|2,432|
|Increase<br>in trade and other receivables||(18,144)|(8,861)|
|Decrease in trade and other payables||(7,938)|(72,917)|
|Net cash provided<br>by/(used<br>in) operating|activities|20,954|(12,330)|
|Net cash from investing<br>activities|||63|
|Cash flows from financing activities||||
|Repayment<br>ofborro wings||47,500|16,012|
|Net cash from financing activities||47,500|16,012|
|Net increase<br>In cash and cash equivalents||68,454|3,745|
|Cash and cash equivalents<br>at the beginning|ofthe year|2,517|(1,228)|
|Cash and cash equivalents<br>at the end ofthe year||70,971|2,517|
|Components<br>ofcash and cash equivalents||||
|Cash and bank balances||70,971|2,517|
|||70,971|2,517|





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|3|Statemen|t|ofFinancial|Activities - prior y|ear||||
|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted||
||||||||funds|Tote Ifunds|
||||||||2019|2019|
|Income and endowments||||from:|||||
||Donations||and legacies||||81,309|81,309|
||Charitable||activities||||70,116|70,116|
||Other trading activities||||||249,854|249,854|
||Other||||||63|63|
|Total|||||||401,342|401,342|
|Expenditure||on:|||||||
||Charitable||activities||||6,712|6,712|
||Other||||||327,551|327,551|
|Total|||||||334,263|334,263|
|Net|income||||||67,079|67,079|
|Net|income before other||||||||
|gains/(losses)|||||||67,079|67,079|
|Other gains and losses:|||||||||
|Net|movement||in funds||||67,079|67,079|
|Reconciliation|||offunds:||||||
|Total funds brought forward|||||||3,466|3,466|
|Total funds carried forward|||||||70,545|70,545|
|4|Income from donations|||and legacies|||||
||||||Unrestricted|Restricted|Total|Total|
||||||||2020|2019|
||Donation||||136,398||136,398|81,309|
||Grant|||||20,438|20,438||
||||||136,398|20,438|156,836|81,309|





## 

|5|Income from||charitable<br>ac|tivities||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total|Total|
|||||||2020|2019|
||Fundra ising|events|||3,010|3,010|70,116|
||Job retention||Scheme||90,010|90,010||
||||||93,020|93,020|70,116|
|6|Income from||other trading|activities||||
||||||Unrestricted|Total|Total|
|||||||2020|2019|
||Fees receivables||||164,397|164,397|209,104|
||Summer school fees||||7,270|7,270|40,750|
||||||171,667|171,667|249,854|
|7|Other income|||||||
|||||||Total|Total|
|||||||2020|2019|
||||||||E|
||Other income||||||63|
||||||||63|
|8|Expenditure||on raising funds|||||
||||||Unrestricted|Total|Total|
|||||||2020|2019|
||Fundraising|trading costs||||||
||Fees receivables||||2,996|2,996||
||||||2,996|2,996||
|9|Expenditure||on charitable|activities||||
||||||Unrestricted|Total|Total|
|||||||2020|2019|
||Expenditure|on charitable||||||
||activities|||||||
||Grants made||||1,000|1,000||
||Governance|costs||||||
||Insurance||||3,142|3,142|2,230|
||Telephone||||883|883|1,092|
||Bank charges||and Interest||302|302|390|
||Independent||examiner fee||1,500|1,500|1,500|
||||||6,827|6,827|5,212|





## 

|10|Other expenditure||||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted|Total|Total|
||||||||2020|2019|
||Catering cost||||26,115|74|26,189|4,539|
||Tuition fees||||900||900|15,164|
||Fees and subscription||||4,359||4,359|1,116|
||UK entertainment||||1,069||1,069|4,336|
||Employee costs||||242,587|8,485|251,072|249,211|
||Motor and travel costs||||6,219|2,042|8,261|3733|
||Premises costs||||47,213||47,213|30,392|
||Amortisation,<br>depreciation,||||||||
||impairment,<br>profit/loss||on||1,716||1,716|2,432|
||disposal offixed assets||||||||
||General administrative||costs||14,059|338|14,397|8,463|
||Legal and professional||costs||11,204||11,204|9,665|
||||||355,441|10,939|366,380|329,051|
|11|Net income before transfers||||||||
|||||||2020||2019|
||This is stated after charging:|||||E||E|
||Depreciation<br>ofowned||fixed assets|||1,716||2,432|
|12|Staff costs||||||||
||Salaries and wages|||||240,989||235,750|
||Social security costs|||||8,141||11,385|
||Pension costs|||||1,942||1,530|
|||||||251,072||248,665|
||No employee<br>received||emoluments|in excess ofE60,000.|||||
||The average<br>monthly|number offull||time equivalent|employees|during the year|was as follows:||
|||||||2020||2019|
|||||||Number||Number|
||Teaching and administrative|||||18||23|
|||||||18||23|





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|13|Tangible fixed assets|||||
|---|---|---|---|---|---|
||||Motor|Fixtures, fitti||
||||vehicle|ng and|Total|
|||||equipment||
|||||E||
||Cost or revaluation|||||
||At 1November 2019||14,500|97,932|112,432|
||At 31October 2020||14,500|97,932|112,432|
||Depreciation<br>and|||||
||impairment|||||
||At 1November 2019||11,048|95,369|106,417|
||Depreciation<br>charge for the||863|853|1,716|
||year|||||
||At 31October 2020||11,911|96,222|108,133|
||Net book values|||||
||At 31October 2020||2,589|1,710|4,299|
||At 31October 2019||3,452|2,563|6,015|
|14|Debtors|||||
||||2020||2019|
||||E||E|
||Trade debtors||276,711||259,117|
||Prepayments<br>and accrued income||550|||
||||277,261||259,117|
|15|Creditors:|||||
||amounts<br>falling due within one year|||||
||||2020||2019|
||||f||E|
||Otherloans||164,012||116,512|
||Trade creditors||||18,973|
||Other taxes and social|security|21,893||15,625|
||Other creditors||42,962||40,896|
||Accruals and deferred|income|7,799||5,098|
||||236,666||197,104|





## 

|16|Movement|in funds||||||
|---|---|---|---|---|---|---|---|
||||||Incoming|||
||||||resources||At 31|
||||||(including|Resources|October|
|||||At 1|other|expended|2020|
|||||November|gains/losses|||
|||||2019|)|||
||||||E|||
||Restricted funds:|||||||
||Restricted income funds:|||||||
||||||20,438|(10,939)|9,499|
||Total||||20,438|(10,939)|9,499|
||Unrestricted|funds:||||||
||General funds|||70,545|401,085|(365,264)|106,366|
||Revaluation|Reserves:||||||
||Total funds|||70,545|421,523|(376,203)|115,865|
|17|Analysis of|net assets between|funds|||||
|||||||Unrestricted||
||||||||Total|
|||||||funds||
||||||||f|
||Fixed assets|||||4,299|4,299|
||Net current|assets||||111,566|111,566|
|||||||115,865|115,865|
|18|Reconciliation ofnet debt|||||||
||||||At 1||At 31|
||||||November||October|
||||||2019|Cash flows|2020|
||||||f|f|f|
||Cash and cash equivalents||||2,517|68,454|70,971|
||||||2,517|68,454|70,971|
||Borrowings||||(116,512)|(47,500)|(164,012)|
||||||(116,512)|(47,500)|(164,012)|
||Net debt||||(113,995)|20,954|(93,041)|





## 

## 

||Annual<br>co|mmitments<br>under non-cancellable|operating<br>leases are|as follows:|||
|---|---|---|---|---|---|---|
||||2020|2020|2019|2019|
||||Land and||Land and||
|||||Other||Other|
||||buildings||buildings||
||||f||f||
||Operating|leases with expiry date:|||||
||Pension commitments||||||
|||||2020||2019|
|||||f||f|
||The pension cost charge to the company||||||
||amounted|to:||1,942||1,530|
|20|Related party disclosures||||||
||Controlling|party|||||





## 

|for the year ended 3|1Oct|ober 2020|||||
|---|---|---|---|---|---|---|
||||Unrestricte|Restricted|||
||||d funds|funds|Totalfunds|Totalfunds|
||||2020|2020|2020|2019|
|Income and endowments||from:|||||
|Donations<br>and legacies|||||||
|Donation|||136,398||136,398|81,309|
|Grant||||20,438|20,438||
||||136,398|20,438|156,836|81,309|
|Charitable<br>activities|||||||
|Fundraising<br>events|||3,010||3,010|70,116|
|Job retention<br>Scheme|||90,010||90,010||
||||93,020||93,020|70,116|
|Other trading<br>activities|||||||
|Fees receivables|||164,397||164,397|209,104|
|Summer school fees|||7,270||7,270|40,750|
||||171,667||171,667|249,854|
|Other|||||||
|Other income||||||63|
|||||||63|
|Total income and endowments|||401,085|20,438|421,523|401,342|
|Expenditure<br>on:|||||||
|Costs ofother trading|activities||||||
|Fees receivables|||2,996||2,996||
||||2,996||2,996||
|Total ofexpenditure<br>funds|on raising||2,996||2,996||
|Charitable<br>activities|||||||
|Grants made|||1,000||1,000||
||||1,000||1,000||
|Governance<br>costs|||||||
|Insurance|||3,142||3,142|2,230|
|Telephone|||883||883|1,092|
|Bank charges and Interest|||302||302|390|
|Independent<br>examiner fee|||1,500||1,500|1,500|
||||5,827||5,827|5,212|
|Total ofexpenditure<br>activities|on charitable||6,827||6,827|5,212|
|Other expenditure|||||||
|Catering cost|||26,115|74|26,189|4,539|
|Tuition fees|||900||900|15,164|
|Fees and subscription|||4,359||4,359|1,116|





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|UK entertainment|||1,069||1,069|4,336|
|---|---|---|---|---|---|---|
||||32,443|74|32,517|25,155|
|Employee costs|||||||
|Salaries/wages|||232,504|8,485|240,989|235,750|
|Employer's<br>NIC|||8,141||8,141|11,385|
|Pension costs|||1,942||1,942|1,530|
|Staff training||||||546|
||||242,587|8,485|251,072|249,211|
|Motor and travel costs|||||||
|Vehicles - General costs|||1,615||1,615||
|Vehicles - Repairs and||||||65|
|maintenance|||||||
|Travel and subsistence|||4,604|2,042|6,646|3,668|
||||6,219|2,042|8,261|3,733|
|Premises costs|||||||
|Rent|||23,861||23,861|8,854|
|Rates|||4,350||4,350||
|Light, heat and power|||7,701||7,701|10,559|
|Premises cleaning|||785||785|950|
|Premises repairs and<br>maintenance|||10,516||10,516|10,029|
||||47,213||47,213|30,392|
|General administrative||costs,|||||
|including<br>depreciation|and||||||
|amortisation|||||||
|Depreciation<br>ofMotor||vehicle|863||863|1,151|
|Depreciation<br>of Fixtures, fitting|||853||853|1,281|
|and equipment|||||||
|Equipment<br>repairs and|||737||737||
|maintenance|||||||
|Information<br>and publications|||2,929|275|3,204||
|Postage and couriers||||||355|
|Software,<br>ITsupport|and related||1,206||1,206||
|costs|||||||
|Stationery<br>and printing|||7,246|63|7,309|8,108|
|Sundry expenses|||1,941||1,941||
||||15,775|338|16,113|10,895|
|Legal and professional|costs||||||
|Accountancy<br>and bookkeeping|||4,500||4,500|1,500|
|Consultancy<br>fees||||||800|
|Other legal and professional|||6,704||6,704|7,365|
|costs|||||||
||||11,204||11,204|9,665|
|Total ofexpenditure<br>ofother costs|||355,441|10,939|366,380|329,051|
|Total expenditure|||365,264|10,939|376,203|334,263|
|Net gains on investments|||||||





|Net income|35,821|9,499|45,320|67,079|
|---|---|---|---|---|
|Net income before other|||||
|gains/(losses)|35,821|9,499|45,320|67,079|
|Other Gains|||||
|Net movement<br>in funds|35,821|9,499|45,320|67,079|
|Reconciliation offunds:|||||
|Total funds brought forward|70,545||70,545|3,466|
|Total funds carried forward|106,366|9,499|115,865|70,545|