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|---|---|---|---|---|
|Report ofthe Trustees||1|to|5|
|Statement
ofTrustees'
Respousihilities|||||
|Report ofthe Independent
Auditors||7|to|8|
|Statement
ofFinancial Activities|||||
|Balance Sheet|||10||
|Cash Flow Statemeut|||||
|Notes to the Cash Flow Statement|||12||
|Notes to the Financial Statements||13|to|20|
|Detailed Statement ofFinancial|Activities|21|to|22|
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|||||for the year ended 31July 2|022||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes|||
|INCOME|AND ENDOWMENTS||FROM||||
|Voluntaty|income||||48,897|43,806|
|Charitable|activities||||||
|Education|services||||1442,557|1,229,429|
|Fund generating
activities|||||500|714|
|Investment|inconte||||383|60|
|Total|||||1,292,337|1,274,009|
|EXPFNDITURE ON|||||||
|Charitable|activities||||||
|Education|services||||~1,061 248|909493|
|NKT INCOME|||||231,089|364,516|
|RECONCILIATION||OF FUNDS|||||
|Total funds|brought|fonvard|||1,220,870|856,354|
|TOTAL FUNDS CAIIRIED FORWARD|||||~1451,959|I 220 870|
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||||||31 July 2|022|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||Unrestricted|Total|
||||||||fund|funds|
|||||Noies|||5|6|
|FIXEDASSETS|||||||||
|Tangible
assets|||||13||203)791|85,261|
|CURRENT ASSETS|||||||||
|Debtors|||||14||21,140|17,800|
|Cash at bank|||||||~1605231|1 404 245|
||||||||1,626,371|1,422,045|
|CREDITORS|||||||||
|Amounts
falling|due within one year||||||(378,203)|(286,436)|
|NET CURRENT ASSETS|||||||1,248,168|1,135,609|
|TOTAL ASSETS LESS||CURRENT LIABILITIES|||||1,451,959|1,220,870|
|NET ASSETS|||||||~1451,959|1 220,870|
|FUNDS|||||17||||
|Unrestricted
funtls|||||||1,451,959|1,220,870|
|TOTAL FUNDS|||||||1,451,959|1,220,870|
|The charitable|company|is entitled|to exemption|from|audit under|Section 477 of the Companies|Act 2006 for the year ended||
|31 July 2022.|||||||||
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||||for the year ende|d 31July 2022||
|---|---|---|---|---|---|
|||||2022|2021|
||||Notes|||
|Cash floivs from operating|activities|||||
|Cash generated
fi'om operations
Interest paid||||348,781
~38)|421,223|
|Net cash provided
by operating
activities||||348,743|421,223|
|Cash
flo&vs from investing|activities|||||
|Purchase oftangible
fixed assets||||(148,140)|(47,658)|
|Interest received||||383|60|
|Net cash used in investing|activities|||~147,757)|~47,598)|
|Change
in cash aml cash equivalents||in the||||
|reporting
period||||200,986|373,625|
|Cash and cash equivalents|at the beginuiug||of|||
|the reporting
period||||~1404
45|1,030,620|
|Cash and cash equivalents|at the end|ofthe||||
|reporting
period||||~1605231|1,404,245|
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||||2022|2021|
|---|---|---|---|---|
|Net income for the|reporting|period (as per the Statement of Vinancial|||
|Activities)|||231,089|364,516|
|Adjusbncnts
for:|||||
|Depreciation
charges|||29,610|26,898|
|Interest received|||(383)|(60)|
|Interest paid|||38||
|Increase
in debtors|||(3,340)|(6,433)|
|increase in creditors|||~91 767|36,302|
|Net cash provided|by operations||~348 781|421 223|
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|ANALYSIS OF CHANGES IN NET FU|NDS|||
|---|---|---|---|
||At 1.8.21|Cash flow|At 31.7.22|
|Net cash||||
|Cash at bank|~1404245|~200 986|~1605231|
||~1404245|200,986|~I,605231|
|Total|~1404,245|200,986|~1,605231|
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|||||2022|2021|2021|
|---|---|---|---|---|---|---|
||||||f||
|Donations|and grants|||34&534|43,406||
|Gih aid||||525|||
|Government
grants
Sundiy
income||||12,500
~1338||400|
|||||~48 897|43|806|
|Crrants received,||included|in the above, are as follows:||||
|||||2022|2021||
||||||f,||
|Other grants||||~12 500|||
##
|||||NOTES TO THE
for|FINANCIAL STA
the year ended 31|TEMENTS - continued
July 2022|||
|---|---|---|---|---|---|---|---|---|
|3.|FUND GENERATING|||ACTIVITIES|||||
||||||||2022|2021|
||Fundraising|events|||||500|714|
|4.|INVESTMENT||INCOME||||||
||||||||2022|2021|
|||||||||f.|
||Deposit account||interest||||383|60|
|5.|INCOME FROM CHARITABLE ACTIVITIES||||||||
||||||||2022|2021|
|||||Activity|||||
||Fee income|||Education|services||~1242 557|I 229 429|
|6.|CHARITABLE||ACTIVITIES COSTS||||||
|||||||Direct|Support||
|||||||Costs (see|costs (see||
|||||||note 7)|note 8)|Totals|
||Education
services|||||~1014315|46,933|~1061248|
|7.|DIRECT COSTS OF CHARITABLE ACTIVITIES||||||||
||||||||2022|2021|
||Staff costs||||||677,507|586,412|
||Rates and water||||||3,625|2,348|
||Insurance||||||20,030|7,488|
||Office costs||||||54)815|49,907|
||Advertising||||||658|195|
||Sundries||||||6,247|4,669|
||Maintenance||||||21)302|9,578|
||Motor and travel||costs||||5&361|707|
||Food||||||4&725|5,587|
||Gardmi||||||894|471|
||Therapy
Training
and|recruitment|||||35,454
6,155|9,122
2,016|
||Tuition fees||||||142,244|154,057|
||Lesson supplies||||||8&378|2,538|
||Rent||||||21)000|21,000|
||Ti'ips|||||||981|
||Subscriptions|k|memberships||||5&882|4,998|
||Interest payable||and similar charges||||38||
||||||||~1014,315|~862 074|
##
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|SUPPORT COSTS||||||
|---|---|---|---|---|---|
|||||Governance||
||||Finance|costs|Totals|
|Education
services|||29,610|17,323|46,933|
|Suppotr costs, included|in|the above, are as follows:||||
|||||2022|2021|
|||||Education|Total|
|||||services|activities|
|Depreciation oftangible|fixed assets|||29,610|26,898|
|Auditors'
remuneration||||6,250|6,250|
|Accountancy
fees||||1,621|6,518|
|Legal fees||||~9452|7,753|
|||||~46 933|47,419|
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)||is stated after charging/(crediting):||||
|||||2022|2021|
|Auditors'
remuneration||||6)250|6,250|
|Depreciation
- owned assets||||29,610|26,898|
|Payments
under operating||leases||1,004|1,004|
|Goveniment
grants
—COVID||||~12500)||
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||f.||
|Wages and salaries||||||616,744|535,612|
|Social security|costs|||||49,793|40,907|
|Other pension|costs|||||~10970|9,893|
|||||||~677 507|586412|
|The average
monthly||number|ofemployees|during|the year was as follows:|||
|||||||2022|2021|
|Teaching
and|administration||staff|||26|23|
##
||for the year ended 31Jul|for the year ended 31Jul|for the year ended 31Jul|y 2022|||
|---|---|---|---|---|---|---|
|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL|||ACTIVITIES|||
|||||||Unrestricted|
|||||||fund|
|INCOME AND ENDOWMENTS|||FROM||||
|Voluntary
income||||||43,806|
|Charitable
activities|||||||
|Education
services||||||1,229,429|
|Fund generating
activities||||||714|
|Invesnnent
income||||||60|
|Total||||||1,274,009|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Education
services||||||909,493|
|NET INCOME||||||364,516|
|RECONCILIATION||OF FUNDS|||||
|Total funds brought|forward|||||856,354|
|TOTAL FUNDS CARRIED FORWARD||||||~1220 870|
|TANGIBLE FIXED||ASSETS|||||
||||Improvements|Fixtures|||
||||to|and|Computer||
||||property|fittings|equipment|Totals|
||||||8||
|COST|||||||
|At I August 2021
Additions|||210,800
~138 787|25,505|39,515
~9353|275,820
148,140|
|At 31 July 2022|||~349 587|~25 505|~48 868|423,960|
|DEPRECIATION|||||||
|At I August 2021
Charge foryear|||140,723
~23436|17&314
~2048|32,522
~4126|190,559
29,610|
|At 31 July 2022|||~164 159|~19 362|~36 648|220,169|
|NET BOOK VALUE|||||||
|At 31 July 2022|||~I85 428|~6143|~I2 220|203,791|
|At 31 July 2021|||~70077|~819I|6,993|85,261|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||Other debtors|||||101||
||Prepayments|and accrued income||||21,039|17800|
|||||||21,140|17800|
|15.|CREDITORS:||AMOUNTS||FALLING DUE WITHIN ONE YEAR|||
|||||||2022|2021|
||Trade creditots|||||19,148|2,594|
||Social security||and other taxes|||18,907|16,606|
||Other creditors|||||1,203|9,237|
||Accruals
and|deferred||income||~338945|257,999|
|||||||378,203|286,436|
||||||2022|2021f|
|---|---|---|---|---|---|---|
|Balance|as at I August 2021||||251,249|219,221|
|Amount|released|to incense earned|fiom charitable|activities|(25],249)|(198,339)|
|Amount|released|to income earned|fiom voluntary|income||(20,882)|
|Amount|deferred|in year|||331 6211|251 249|
||||||331629|251 249|
|Balance|as at 31|July 2022|||||
##
||2022|2021|
|---|---|---|
|Within one year|1,004|1,004|
|Between one aml five years|2,009|4,018|
|ln more than five years||251|
||~3013|~5273|
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|MOVEM|EN|T
IN FUNDS||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Net||
|||||||||movement|At|
||||||||At 1.8.21|in funds|31.7.22|
|Unrestricted||funds||||||||
|General|fund||||||1,220,870|231,089|1,451,959|
|TOTAL|FUNDS||||||1,220,870|231,089|~1451,959|
|Net movement||in funds, included|||in|the above|are as follows:|||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
|Unrestricted||funds||||||||
|General|fund||||||1,292,337|(1,061,248)|231,089|
|TOTAL|FUNDS||||||~1,292337|~1,061,248)|231,089|
|Comparatives||for movement||in|funds|||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.8.20|in funds|31.7.21|
|Unrestricted||funds||||||||
|General|fund||||||856,354|364,516|1,220,870|
|TOTAL|FUNDS||||||856,354|364,516|1~220 870|
|Comparative||net movement|in|funds,||included|in the above are as follows:|||
||||||||Incolnlllg|Resources|Moveltlcltt|
||||||||resources|expended|in funds|
|Unrestricted||funds||||||||
|General|fund||||||1,274,009|(909,493)|364,516|
|TOTAL|FUNDS||||||~1274,009|~909,493)|~364 516|
##
|||||Net|||
|---|---|---|---|---|---|---|
|||||movement||At|
||||At 1.8.20|in funds||31.7.22|
||||f.||||
|Unrestricted||funds|||||
|General|fund||856,354|595,605|1,451,959||
|TOTAL|FUNDS||~856 354|595 605|I|451,959|
##
|||||hlconl|nlg|Resources|Movenlent|
|---|---|---|---|---|---|---|---|
|||||resources||expended|in funds|
|Unrestricted|funds|||||||
|General
fund||||2,566,346||(1,970,741)|595,605|
|TOTAL FUNDS||||2 566,346||~1970741)|595,605|
|The general|fund represents|the free funds which|are not designated|for particular|pulposes.|||
|CAPITAL|COMMITMENTS|||||||
|||||||2022|2021|
|||||||f||
|Contracted|but not provided|for in the financial|statements||||23,588|
##
##
||DETAILED STATEMENT OF
for the year mtded|FINANCIAL ACTIVITIES
31 July 2022||
|---|---|---|---|
|||2022|2021|
|INCOME AND|ENDOWMENTS|||
|Voluntary
income||||
|Donations
and grants||34,534|43,406|
|Gift aid||525||
|Government
grants||12,500||
|Sundty
income||1,338|400|
|||48,897|43,806|
|Fund generating|activities|||
|Fundraising
events||500|714|
|Investment
income||||
|Deposit account|interest|383|60|
|Charitable
activities||||
|Fee income||1,242,557|1 229 '129|
|Total incoming|resources|1&292,337|1,274,009|
|EXPENDITURE||||
|Charitable
activities||||
|Wages||616&744|535,612|
|Social security||49,793|40,907|
|Pensions||10,970|9,893|
|Rates and water||3)625|2,348|
|Insurance||20,030|7,488|
|Office costs||54,815|49,907|
|Advertising||658|195|
|Sundries||6,247|4,669|
|Maintenance||21,302|9,578|
|Motor and travel|costs|5,361|707|
|Food||4,725|5,587|
|Garden||894|471|
|Therapy||35,454|9,122|
|Training
and recruinnent||6)155|2,016|
|Tuition fees||]42,244|154,057|
|Lesson supplies||8,378|2,538|
|Rent||21,000|21,000|
|Trips|||981|
|Subscriptions
&|memberships|5,882|4,998|
|Bank charges||38||
|||1,014,315|862,074|
|Support costs||||
##
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|||for the year ended 3|1July 2022||
|---|---|---|---|---|
||||2022|2021|
|||||f,|
|Supper't
costs|||||
|Finance|||||
|Depreciation|oftangible|tixed assets|29,610|26,898|
|Governance|costs||||
|Auditors'
remuneration|||6,250|6,250|
|Accountancy|fees||1,621|6,518|
|Legal fees|||9,452|7,753|
||||17,323|20 521|
|Total resources|expended||1,061,248|999493|
|Net income|||231,089|364 636|