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2023-07-31-accounts

Legal and Adminhrtrathfe Information
Trustees' Report
Independent
Rcaminer'I		 Report
Statement
of Rnandal		 Activities
Balance Sheet 10
Notes to the Accounts 12

Notes Unrestrkted Restricted 51 duty 51 )uly
Funds Funds 2023 2022
TOTAL TOTAL
R R
INCOME AND ENDOWMENT FROM:
Donations and legacies
Donation 6,341 6,341 12,020
Others trading
activities
Fundralslng 9,656 9,656 10,941
Income from Investment
Bank interest received 3,605 3,605 13
Income from charitable activities
Teaching income 480,154 450,154 422,081
Administration
fee
Events 14,414 14,414 12,491
Other Income 3,004 3,004 377
TOTAL INCOME AND ENDOWMENTS 517,174 517,174 457,923
EXPENDITURE ON:
Expenditure
on Raising		 funds 5,200 5,200 2,253
Expenditure
on charltoble		 activities 2 457,267 407,267 443,750
TOTAL EXPENDITURE 492,467 492,417 446,003
NET RESULT BEFORETRANSFERS 24,707 24,707 11,920
Transfers
NET MOVEMENT
IN FUNDS FOR THE		 24,707 24,707 11,920
PERIOD
Total funds brought
forward		 166,490 166,490 154,570
TOTAL FUNDS CARRIED FORWARD 8
AT 31 )ULY 2023 191,197 191,197 166,490

Notes 31 7uly 2023 31 7uty 2022
RXEO ASSETS
Tangible fixed assets 21,496 12,497
CURRENT ASSETS
Debtors 16,497 16,009
Cash at bank and in hand 304,917 329,634
401,414
CREDITORS: Amounts falling due within
one period 6 (231,713) (191,550)
NET CURRENT ASSEIS 169,701 153,993
NET ASSETS 191,197 190,090
FUNDS
Unrestrioted funds
General
fund		 173,000 144,000
Designated funds 18,197 22,490
191.197 100,990

Unrestricted Restricted 31 ZULY 31 )ULY
Funds Funds 2023 2022
TOTAL TOTAL
S S
Charitable
ACIIVmSS
Teaching fees 252,845 252,845 237,508
Events 19,941 19,941 15,399
Teaching books 1,04S 1,048 2,107
Scholarships
granted		 11,795 11,795 12,415
Saturday
Expenses		 4,186 4,186
Support costs
Rent of premises 60,059 60,059 58,730
Management
team		 105,491 105,491 99,620
Communication
costs		 1,008 1,008 1,891
Development 695 695 960
instrumental
expellses		 4,860 4,860 125
Web costs 5,521 5,521 4,511
Telephone 227 227 179
Depreciation
expenses		 4,119 4,119 3,643
Bad debts
Staff entertainment
Governance		 365 365 151
Insurance 986 986 1,110
Office expenses 2,250 2,250 1,057
Miscellaneous
expenses		 132 132 2,543
11,739 11,739 2,021
4l7,267 481,267 445,750

Furniture
8		 Instruments Total
Fittings
E
COST
At 31 )uly 2022 4,645 19,711 24,354
Additions 860 12,258 13,118
At 31 luly 2023 S,M3 31,969 37,472
DEPBECIATION
At 31 duty 2022 8,311 11,857
Charge for period 5,514 4,119
At 31 7uty 2023 4,151 11,825 15,596
NET BOOK VALUE
At 31 3uty 2023 1,352 20,144 21,496
At 51 )uly 2022 1,097 11,400 12,497

2023 2022
E E
Debtors 9,990 15,086
Prepayments 2,986 2,925
Accrued income 2,754
Inventory 767
14,497 16,009
CREDITORS - AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2022
E E
Deposns 32,750 32~
Deferred revenue - See below 193,166 154,835
Other creditors 5,197 4,415
231,713 191,3M

Movement In funds Cunenl period:
Transfws
Brought Income between Carried
torward funds Forward
8 E 8
Unfestrlcled funds
General funds 144,000 517,174 (492,467) 4,293 173,000
Designated funds 22,490 (4,293) 18,197
Total Funds 166,490 517,174 (492,467) 191,191
Movement In funds Prevtous perlodt
Translers
Brought Income between
forward funds
E E
Un estrtcted funds
General funds 132,305 457,923 (446,003) -223 144,000
Designated funds 22,267 223 22,490
Total Funds 154,570 457,923 (446,003) 166,490

General Designated Total Total
funds funds funds funds
2023 2025 2025 2022
5 8 8 8
Total assels 404,713 18,197 422,910 3M,040
Total llab8itles (231,715) (231,713) (191,550)
173,000 18,197 191,197 166,490
General Designated Total Total
funds funds funds funds
2022
8		 2022f 2022
8		 2021
8
Total assets 335,550 22,490 5M,040 344,797
Total liabSltles (191,550) (191,550) (190,226)
144,000 22,545 166,490 154,570

9.
tatement ofCash flows
Notes 2021-n
5
Cash llows hom operagng
tclvftfeL.
Net cash pnonbbd hy (eesd AsJcpevasfoA7 oeaMim Table a) 68,401 35,128
Cash gown horn invesgng activfles:
Dividends,
interest ond rents from inveslments
Proceeds from the sale of property,
plant ond		 equipment
Purchase of property,
plant and equipment		 (13,118) (5,983)
Proceeds from sale of investments
Purchase of investments
Net cash proufded byfused As/ htvesthrf7 ocshhAm (13,118) (5,985)
Cash gown from gnandng
actfvfgem
Repayments
of borrowing
Cash inflows from new borrowing
Receipt of endowment
Net cash provtded hy (used inf ttnonctntt ttvtttes
55,285 27,143
Cash and cash equivalents
at the beginning		 ofthe repordng
period Table b) 329,635 302,491
Change in cash and cash equivalents due to exchange rate
mcwements
SAFARI		 0 0
cosh ond cash eqeArsrAse» ot Ahe eedotAhe noportfh37 penbor Table b) 384,918 329,635
Table a) Recondllauon
of net result to net		 cosh flaw from operating tctlvNes
20n-23
Net resett ibr the~pedod (oeper
24,707 11,920
Ad)usnents
for.
Depreciation
charges		 4,119
(Gains)/losses
on investments
Dividends,
interest and rents from investments
loss/(profit)
on the sale of fixed assets
(Increase)/decrease
in stocks		 0
(Increase)/decrease
in debtors
Increase/(decrease)
in creditors
Net cash provtded by(used hi)~		 39,677
664		 25,937
4I,372
68,401 33,128
able b) Analysb ofcash and cash rwiulvalents
Cerrent
year Prior year
2 2
Cash in hand 384,918 329,635
Notice deposits (less than 3 months)
Overdraft
facility repayable		 on demand
Total cash and cash equivalents 388,918 329,635