##
||||Pages|
|---|---|---|---|
|Trustees'
Annual
Report|||2to3|
|Independent
Examiner's|Report|||
|Statement of Financial Activities||||
|Summary
Income and Expenditure||Account||
|Balance Sheet||||
|Statement
ofCash flows||||
|Notes to the Accounts|||9to 17|
|Detailed Statement
of Financial Activities|||18to 20|
##
##
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##
##
##
##
##
##
##
##
##
##
##
|for the year|ended 31Octobe|r 2021|||||
|---|---|---|---|---|---|---|
||||Unrestncted|Restricted|||
||||funds|funds|Total funds|Total funds|
||||2021|2021|2021|2020|
|||Notes|E|f|f||
|Income and|endowments||||||
|from:|||||||
|Donations|and legacies||119,611||119,611|156,836|
|Charitable|activities||122,351||122,351|93,020|
|Other trading
activities|||258,235||258,235|171,667|
|Other|||4||4||
|Total|||500,201||500,201|421,523|
|Expenditure|on:||||||
|Raising funds||8|3,550||3,550|2,996|
|Charitable|activities|9|8,919||8,919|6,827|
|Other||10|495,933||495,933|366,380|
|Total|||508,402||508,402|376,203|
|Net gains on|investments||||||
|Net (expenditure)/income|||(8,201)||(8,201)|45,320|
|Transfers
between
funds|||17,773|(9.499)|8,274||
|Net income|before other||||||
|gains/(losses)|||9,572|(9,499)|73|45,320|
|Other gains|and losses||||||
|Net movement
in funds|||9,572|(9,499)|73|45,320|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||106,366|9,499|115,865|70,545|
|Total funds carried forward|||115,938||115,938|115,865|
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Income||||500,201|421,523|
|Gross income for||the year||500,201|421,523|
|Expenditure||||507,075|374,487|
|Depreciation|and|charges|for|||
|impairment|offixed assets|||1,327|1,716|
|Total expenditure||for the|year|508,402|376,203|
|Net (expenditure)/income|||before tax|||
|for the year||||(8,201)|45,320|
|Net (expenditure||)/income for the year||(8,201)|45,320|
##
|at 31October 2|021|021|021||||
|---|---|---|---|---|---|---|
|Company
No.|06716163|||Notes|2021|2020|
||||||E|E|
|Fixed assets|||||||
|Tangible assets||||13|3,301|4,299|
||||||3,301|4,299|
|Current assets|||||||
|Debtors||||14|308,792|277,261|
|Cash at bank|and||in hand||26,844|70,971|
||||||335,636|348,232|
|Creditors: Amount||falling due within one year||15|(176,548)|(236,666)|
|Net current assets|||||159,088|111,566|
|Total assets less|current
liabilities||||162,389|115,865|
|Creditors: Amounts|||falling due after more than one year|16|(46,451)||
|Net assets excluding|||pension asset or liability||115,938|115,865|
|Totalnet assets|||||115,938|115,865|
|The funds ofthe|charity||||||
|Restricted funds||||17|||
|Restricted
income funds||||||9,499|
|||||||9,499|
|Unrestricted
funds||||17|||
|Generalfunds|||||115,938|106,366|
||||||115,938|106,366|
|Reserves||||17|||
|Total funds|||||115,938|115,865|
|||||2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Cash flows from operating|activities|||||
|Net income per Statement|of Financial Activities|||73|45,320|
|Adjustments
for:||||||
|Depreciation
of property,
plant and equipment||||1,327|1,716|
|Dividends,
interest and|rents from investments|||(4)||
|Increase
in trade and other receivables||||(31,531)|(18,144)|
|Decrease in trade and other payables||||(8,319)|(7,938)|
|Net cash (used in)/provided|by operating|activities||(38,454)|20,954|
|Cash flows from investing|activities|||||
|Payments
for property,|plant and equipment|||(329)||
|Dividends,
interest and|rents from investments|||4||
|Net cash used in investing|activities|||(325)||
|Cash flows from financing|activities|||||
|Repayment
of borrowings||||(3,549)|47,500|
|Net cash (used in)/from
financing
activities||||(3,549)|47,500|
|Net (decrease)/increase
in|cash and cash equivalents|||(42,328)|68,454|
|Cash and cash equivalents|at the beginning||ofthe year|70,971|2,517|
|Cash and cash equivalents|at the end ofthe||year|28,643|70,971|
|Components
ofcash and cash equivalents||||||
|Cash and bank balances||||26,844|70,971|
|||||26,844|70,971|
##
##
##
|Republic o|f Ireland
(FRS 102)and the Companies
Act 2006.|f Ireland
(FRS 102)and the Companies
Act 2006.||||||||
|---|---|---|---|---|---|---|---|---|---|
|Change
in|basis ofaccounting orto previous accounts|||||||||
|There has|been no|change to the accounting
policies (valuation
rules and method ofaccounting)||||since||||
|last year and no changes
have been made to accounts for previous years.||||||||||
|Fund accounting||||||||||
|Unrestricted
funds||These are available for use at the discretion ofthe trustees||in furtherance||of|the|||
|||general objects ofthe charity.||||||||
|Designated|funds|These are unrestricted
funds earmarked
by the trustees|for particular||purposes.|||||
|Revaluation|funds|These'are
unrestricted
funds which include
a revaluation|reserve representing|||||the||
|||restatement
of investment
assets at their market values.||||||||
|Restricted|funds|These are available for use subject to restrictions
imposed||by the donor or||through||||
|||terms of an appeal.||||||||
|Income||||||||||
|Recognition of||Income
is included
in the Statement
of Financial Activities||(SoFA) when|the|charity||||
|income||becomes entitled to, and virtually
certain to receive, the|income and the amount||||||of|
|||the income can be measured
with sufficient
reliability.||||||||
|Income with related||Where income has related expenditure
the income and|related expenditure||||is|||
|expenditure||reported
gross in the SoFA.||||||||
|Donations|and|Voluntary
income received by way ofgrants, donations
and gifts is included||||in||the||
|legacies||the SoFA when receivable
and
only when the Charity has||unconditional||||||
|||entitlement
to the income.||||||||
|Tax reclaims on||Income from tax reclaims
is included
in the SoFA at the same time as the||||||||
|donations|and gifts|gift/donation
to which
it relates.||||||||
|Donated services||These are only included
in income (with an equivalent
amount
in expenditure)||||||||
|and facilities||where the benefit to the Charity
is reasonably
quantifiable,||measurable|and|||||
|||material.||||||||
|Volunteer|help|The value of any volunteer
help received
is not included|in|the accounts,||||||
|Investment|income|This is included
in the accounts when receivable.||||||||
|Gains/(losses)
on||This includes
any gain or loss resulting
from revaluing
investments
to market|||||value|||
|revaluation|offixed|at the end ofthe year.||||||||
|assets||||||||||
|Gains/(losses)
on||This includes
any gain or loss on the sale of investments.||||||||
|investment|assets|||||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|3|Statemen|t|of Financial|Activities - prior year||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted||
||||||funds|funds|Total funds|
||||||2020|2020|2020|
|||||||f|E|
|Income and endowments||||from:||||
||Donations||and legacies||136,398|20,438|156,836|
||Charitable||activities||93,020||93,020|
||Other trading
activities||||171,667||171,667|
|Total|||||401,085|20,438|421,523|
|Expenditure||on:||||||
||Raising funds||||2,996||2,996|
||Charitable||activities||6,827||6,827|
||Other||||355,441|10,939|366,380|
|Total|||||365,264|10,939|376,203|
|Net|income||||35,821|9,499|45,320|
|Net income before other
gains/(losses)|||||35,821|9,499|45,320|
|Other gains and losses:||||||||
|Net|movement||in funds||35,821|9,499|45,320|
|Reconciliation|||offunds:|||||
|Total funds brought forward|||||70,545||70,545|
|Total funds carried forward|||||106,366|9,499|115,865|
|4|Income from donations|||and legacies||||
||||||Unrestricted|Total|Total|
|||||||2021|2020|
||Donation||||119,611|119,611|136,398|
||Grant||||||20,438|
||||||119,611|119,611|156,836|
##
##
|5|Income from||charitable
act|ivities||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Tota I|Total|
|||||||2021|2020|
||Fundra ising events||||15,437|15,437|3,010|
||Job retention||Scheme||106,914|106,914|90,010|
||||||122,351|122,351|93,020|
|6|Income from||other trading|activities||||
||||||Unrestricted|Total|Total|
|||||||2021|2020|
||Fees receivables||||252,381|252,381|164,397|
||Summer school fees||||5,854|5,854|7,270|
||||||258,235|258,235|171,667|
|7|Other income|||||||
||||||Unrestricted|Total|Total|
|||||||2021|2020|
||Other income|||||||
|8|Expenditure||on raising funds|||||
||||||Unrestricted|Total|Total|
|||||||2021|2020|
||Fundraising|trading costs||||||
||Fees receivables||||3,550|3,550|2,996|
||||||3,550|3,550|2,996|
|9|Expenditure||on charitable|activities||||
||||||Unrestricted|Total|Total|
|||||||2021|2020|
||Expenditure|on charitable||||||
||activi ties|||||||
||Grants made||||5,400|5,400|1,000|
||Governance|costs||||||
||Insurance||||1,555|1,555|3,142|
||Telephone||||305|305|883|
||Bank charges||and Interest||159|159|302|
||Independent||examiner fee||1,500|1,500|1,500|
||||||8,919|8,919|6,827|
##
|Not|es tothe Accounts|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|10|Other expenditure|||||||||||
|||||||Unrestricted||Restricted||Total|Total|
|||||||||||2021|2020|
||Catering cost||||||34,209|||34,209|26,189|
||Tuition fees||||||3,191|||3,191|900|
||Fees and subscription||||||7,498|||7,498|4,359|
||UK entertainment||||||||||1,069|
||Employee costs||||||268,018|||268,018|251,072|
||Motor and travel costs||||||2,167|||2,167|8,261|
||Premises costs||||||87,650|||87,650|47,213|
||Amortisation,
depreciation,|||||||||||
||impairment,
profit/loss||on||||1,327|||1,327|1,716|
||disposal offixed assets|||||||||||
||General administrative||costs||||89,581|||89,581|14,397|
||Legal and professional||costs||||2,292|||2,292|11,204|
||||||||493,933|||495,933|366,380|
|11|Net (expenditure)/income|||before transfers||||||||
|||||||||2021|||2020|
||This is stated after charging:||||||||f||f|
||Depreciation
ofowned||fixed assets|||||1,327|||1,716|
|12|Staff costs|||||||||||
|||||||||2021|||2020|
||Salaries and wages|||||||258,795|||240,989|
||Social security costs|||||||7,475|||8,141|
||Pension costs|||||||1,748|||1,942|
|||||||||268,018|||251,072|
||No employee
received||emoluments||in excess|off60,000.||||||
||The average
monthly|number offull time equivalent|||||employees|during the|year|was as follows:||
|||||||||2021|||2020|
|||||||||Number|||Number|
||Teaching and administrative|||||||20|||18|
|||||||||20|||18|
##
|13|Tangible fixed|a|ssets||||
|---|---|---|---|---|---|---|
|||||Motor|Fixtures, fitti||
|||||vehicle|ng and|Total|
||||||equipment||
||Cost or revaluation||||||
||At 1November||2020|14,500|97,932|112,432|
||Additions||||329|329|
||At 31October|2021||14,500|98,261|112,761|
||Depreciation|and|||||
||impairment||||||
||At 1November||2020|11,911|96,222|108,133|
||Depreciation|charge for the||647|680|1,327|
||year||||||
||At 31October|2021||12,558|96,902|109,460|
||Net book values||||||
||At 31October|2021||1,942|1,359|3,301|
||At 31October|2020||2,589|1,710|4,299|
|14|Debtors||||||
|||||2021||2020|
|||||E||E|
||Trade debtors|||305,694||276,711|
||Prepayments|and accrued income||3,098||550|
|||||308,792||277,261|
|15|Creditors:||||||
||amounts
falling||due within one year||||
|||||2021||2020|
|||||f||f|
||Otherloans|||114,012||164,012|
||Other taxes and||social security|38,441||21,893|
||Other creditors|||18,095||42,962|
||Accruals|||6,000||7,799|
|||||176,548||236,666|
|16|Creditors:||||||
||amounts
falling||due after more than one year||||
|||||2021||2020|
|||||E||E|
||Bank loans and||overdrafts|46,451|||
|||||46,451|||
##
##
|||||||Incoming||||
|---|---|---|---|---|---|---|---|---|---|
|||||||resources|||At 31|
||||||||Resources|Gross||
||||At 1
November|||(including
other|expended|transfers|October
2021|
|||||2020|gains/losses)|||||
|||||||E||||
|Restricted|funds:|||||||||
|Restricted|income funds:|||||||||
|British Council Grant|||9,499|||||(9,499)||
|Total|||9,499|||||(9,499)||
|Unrestricted||funds:||||||||
|Generalfunds|||106,366|||500,201|(508,402)|17,773|115,938|
|Total funds|||115,865|||500,201|(508,402)|8,274|115,938|
|Purposes|and|restrictions|in relation to|the funds:||||||
|Restricted|funds:|||||||||
|British Council Grant|||Learning,|Teaching||And Training||||
|18|Analysis ofne|t assets between
funds|||||
|---|---|---|---|---|---|---|
||||||Unrestricted||
|||||||Total|
||||||funds||
||||||E|E|
||Fixed assets||||3,301|3,301|
||Net current assets||||159,088|159,088|
||Creditors due
provisions|in more than one year and|||(46,451)|(46,451)|
||||||115,938|115,938|
|19|Reconciliation|of net debt|||||
||||At|1||At 31|
||||November|||October|
||||2020||Cash flows|2021|
|||||E|E|E|
||Cash and cash|equivalents|70,971||(44,127)|26,844|
||||70,971||(44,127)|26,844|
||Borrowings||(164,012)||50,000|(114,012)|
||Bank loans||||(46,451)|(46,451)|
||||(164,012)||3,549|(160,463)|
||Net debt||(93,041)||(40,578)|(133,619)|
##
##
##
||Annual
co|mmitments
under non-cancellable|operating
leases are|as follows:|||
|---|---|---|---|---|---|---|
||||2021|2021|2020|2020|
||||Land and|Other|Land and|Other|
||||buildings||buildings||
||||f||f||
||Operating|leases with expiry date;|||||
||Pension commitments||||||
|||||2021||2020|
|||||f||f|
||The pension cost charge to the company||||||
||amounted|to:||1,748||1,942|
|21|Related party disclosures||||||
||Controlling|party|||||
##
|for the year ended 3|1Oct|ober 2021|||||
|---|---|---|---|---|---|---|
||||Unrestricte|Restricted|||
||||d funds|funds|Total funds|Total funds|
||||2021|2021|2021|2020|
||||f|E|f|E|
|Income and endowments||from:|||||
|Donations
and legacies|||||||
|Donation|||119,611||119,611|136,398|
|Grant||||||20,438|
||||119,611||119,611|156,836|
|Charitable
activities|||||||
|Fundra ising events|||15,437||15,437|3,010|
|Job retention
Scheme|||106,914||106,914|90,010|
||||122,351||122,351|93,020|
|Other trading
activities|||||||
|Fees receivables|||252,381||252,381|164,397|
|Summer school fees|||5;854||5,854|7,270|
||||258,235||258,235|171,667|
|Other|||||||
|Otherincome|||||||
|Total income and endowments|||500,201||500,201|421,523|
|Expenditure
on:|||||||
|Costs of other trading|activities||||||
|Fees receivables|||3,550||3,550|2,996|
||||3,550||3,550|2,996|
|Total ofexpenditure|on raising||3,550||3,550|2,996|
|funds|||||||
|Charitable
activities|||||||
|Grants made|||5,400||5,400|1,000|
||||5,400||5,400|1,000|
|Governance
costs|||||||
|Insurance|||1,555||1,555|3,142|
|Telephone|||305||305|883|
|Bank charges and Interest|||159||159|302|
|Independent
examiner fee|||1,500||1,500|1,500|
||||3,519||3,519|5,827|
|Total ofexpenditure
activities|on charitable||8,919||8,919|6,827|
|Other expenditure|||||||
|Catering cost|||34,209||34,209|26,189|
|Tuition fees|||3,191||3,191|900|
|Fees and subscription|||7,498||7,498|4,359|
##
##
|Detailed Statement of|Fi|nancial Activities||||
|---|---|---|---|---|---|
|UK entertainment|||||1,069|
||||44,898|44,898|32,517|
|Employee costs||||||
|Salaries/wages|||258,795|258,795|240,989|
|Employer's
NIC|||7,475|7,475|8,141|
|Pension costs|||1,748|1,748|1,942|
||||268,018|268,018|251,072|
|Motor and travel costs||||||
|Vehicles - General costs|||||1,615|
|Travel and subsistence|||2,167|2,167|6,646|
||||2,167|2,167|8,261|
|Premises costs||||||
|Rent|||33,389|33389|23861|
|Rates|||19,915|19,915|4,350|
|Light, heat and power|||11,969|11,969|7,701|
|Premises cleaning|||1,427|1,427|785|
|Premises
repairs and
maintenance|||20,950|20,950|10,516|
||||87,650|87,650|47,213|
|General administrative||costs,||||
|including
depreciation|and|||||
|amortisation||||||
|Depreciation
of Motor||vehicle|647|647|863|
|Depreciation
of Fixtures, fitting|||680|680|853|
|and equipment||||||
|Bad debts|||54,913|54,913||
|Bank charges|||335|335||
|Equipment
expensed|||3,258|3,258||
|Equipment
repairs and|||||737|
|maintenance||||||
|Information
and publications|||15,305|15,305|3,204|
|Postage and couriers|||11,717|11,717||
|Software,
ITsupport|and related||||1,206|
|costs||||||
|Stationery
and printing|||||7,309|
|Sundry expenses|||4,053|4,053|1,941|
||||90,908|90,908|16,113|
|Legal and professional|costs|||||
|Accountancy
and bookkeeping|||1,500|1,500|4,500|
|Other legal and professional|||792|792|6,704|
|costs||||||
||||2,292|2,292|11,204|
|Total ofexpenditure
ofother costs|||495,933|495,933|366,380|
|Total expenditure|||508,402|508,402|376,203|
|Net gains on investments||||||
|Net (expenditure)/income|(8,201)||(8,201)|45,320|
|---|---|---|---|---|
|Transfers
between funds|17,773|(9,499)|8,274||
|Net income before other
gains/(losses)|9,572|(9,499)|73|45,320|
|Other Gains|||||
|Net movement
in funds|9,572|(9,499)|73|45,320|
|Reconciliation
offunds:|||||
|Total funds brought
forward|106,366|9,499|115,865|70,545|
|Total funds carried forward|115,938||115,938|115,865|