|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|6|
|Independent
Examiner's
Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|10|to|15|
|Detailed Statement ofFinancial Activities||||
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|fund|funds|funds|
||||Notes|||||
|INCOME|AND ENDOWMENTS FROM|||||||
|Donations|and legacies|||426,835|1,322|428,157|431„433|
|Investment|income|||934||934|426|
|Total||||427,769|1,322|429,091|431,859|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Grants to individuals||||380,681|3,793|384,474|320,024|
|NET INCOME/(EXPENDITURE)||||47,088|(2,471)|44,617|111,835|
|RECONCILIATION||OFFUNDS||||||
|Total funds|brought forward|||680,571|2,471|683,042|571,207|
|TOTAL FUNDS CARRIED FORWARD||||727,659||727,659|683,042|
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|BALANCE SHEET
31JULY 2022||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||funds|fund|funds|fuilds|
||Notes|||||
|CURRENT ASSETS||||||
|Cash at bank||728,649||728,649|683,978|
|CREDITORS||||||
|Amounts
falling due within one year||(990)||(990)|(936)|
|NET CURRENT ASSETS||727,659||727,659|683,042|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||727,659||727,659|683,042|
|NET ASSETS||727,659||727,659|683,042|
|FUNDS||||||
|Unrestricted
funds:||||||
|General fund||||624,219|577,355|
|Hardship
Fund||||103,440|103,216|
|||||727,659|680,571|
|Restricted funds;||||||
|Restricted Fund|||||2,471|
|TOTALFUNDS||||727,659|683,042|
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|No employees
received emoluments
in excess off60,000.|No employees
received emoluments
in excess off60,000.|No employees
received emoluments
in excess off60,000.|||
|---|---|---|---|---|
|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES|||||
|||Unrestricted|Restricted|Total|
|||funds|fund|funds|
|INCOME AND ENDOWMENTS FROM|||||
|Donations
and legacies||424,000|7,433|431,433|
|Investment
income||426||426|
|Total||424,426|7,433|431,859|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Grants to individuals||315,025|4,999|320,024|
|NET INCOME||109,401|2,434|111,835|
|RECONCILIATION|OFFUNDS||||
|Total funds brought
forward||571,170|37|571,207|
|TOTAL FUNDS CARRIED FORWARD||680,571|2,471|683,042|
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|CREDITORS|: AMOUNTS FA|LLING DUE WITHIN ONE|YEAR|||
|---|---|---|---|---|---|
|||||2022|2021|
|Accrued expenses||||990|936|
|MOVEMENT|IN FUNDS|||||
|||||Net||
|||||movement|At|
||||At 1.8.21|in funds|31.7.22|
|Unrestricted
funds||||||
|General fund|||577,355|46,864|624,219|
|Hardship
Fund|||103,216|224|103,440|
||||680,571|47,088|727,659|
|Restricted funds||||||
|Restricted Fund|||2,471|(2,471)||
|TOTAL FUNDS|||683,042|44,617|727,659|
|Net movement|in funds, included|in the above are as follows:||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|Unrestricted
funds||||||
|General fund|||427,545|(380,681)|46,864|
|Hardship
Fund|||224||224|
||||427,769|(380,681)|47,088|
|Restricted funds||||||
|Restricted Fund|||1,322|(3,793)|(2,471)|
|TOTAL FUNDS|||429,091|(384,474)|44,617|
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|Comparatives
for moveme|nt
in funds||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.8.20|in funds|31.7.21|
||||E||
|Unrestricted
funds|||||
|General fund||471,077|106,278|577,355|
|Hardship
Fund||100,093|3,123|103,216|
|||571,170|109,401|680,571|
|Restricted funds|||||
|Restricted Fund||37|2,434|2,471|
|TOTAL FUNDS||571,207|111,835|683,042|
|Comparative
net movement|in funds, included|in the above are as follows:|||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|Unrestricted
funds|||||
|General fund||421,303|(315,025)|106,278|
|Hardship
Fund||3,123||3,123|
|||424,426|(315,025)|109,401|
|Restricted funds|||||
|Restricted Fund||7,433|(4,999)|2,434|
|TOTAL FUNDS||431,859|(320,024)|111,835|
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.8.20|in funds|31.7.22|
|Unrestricted
funds||||
|General fund|471,077|153,142|624,219|
|Hardship
Fund|100,093|3,347|103,440|
||571,170|156,489|727,659|
|Restricted funds||||
|Restricted Fund||(37)||
|TOTAL FUNDS|571,207|156,452|727,659|
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||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||E|||
|Unrestricted
funds||||
|General fund|848,848|(695,706)|153,142|
|Hardship
Fund|3,347||3,347|
||852,195|(695,706)|156,489|
|Restricted funds||||
|Restricted Fund|8,755|(8,792)|(37}|
|TOTAL FUNDS|860,950|(704,498)|156,452|
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|standards
as stipulated
by their educational
instituti|on,
are as follows;||
|---|---|---|
||2022|2021|
||E||
|Due & 1 year|330,924|282,174|
|Due 1-2 years|210,081|200,921|
|Due 2-3 years|133,406|123,720|
|Due 3-4years|39,939|35,771|
|Due 4-5 years|21,145|16,815|
|Due& 5 years|||
||735,495|659,401|
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|The following
are the fees payable
period:|to the independent
examiner
for|services
provided
during
the
acc|
|---|---|---|
|Service Provided||Fee Charged|
|||(&)|
|Accountancy
Services &Independent|Examination|990|
|Total Fee Charged||990|
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|DETAILED STATEMENT OFFINANCIAL ACTIVITIES
FORTHE YEAR ENDED 31JULY 2022|||
|---|---|---|
||2022|2021|
|INCOME AND ENDOWMENTS|||
|Donations
and legacies|||
|Donations|376,322|392,433|
|Hardship
Fund donations||3,000|
|Gift Aid|51,835|36,000|
||428,157|431,433|
|Investment
income|||
|Interest receivable|934|426|
|Total incoming resources|429,091|431,859|
|EXPENDITURE|||
|Charitable
activities|||
|Grants to individuals|280,451|268,819|
|Support costs|||
|Management|||
|Computer
expenses|795|733|
|Accountancy|990|936|
|Consultancy
fees|95,311|47,061|
|Leadership
development|6,400|1,900|
|Recruitment
costs|467|515|
||103,963|51,145|
|Finance|||
|Bank charges|60|60|
|Total resources expended|384,474|320,024|
|Net income|44,617|111,835|