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|||Page|
|---|---|---|
|Trustees'
report||1-6|
|Independent
auditor's|report|7-9|
|Statement
offinancial|activities|10|
|Balance sheet|||
|Statement
ofcash flows||12|
|Notes to the financial|statements|13-23|
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|||Unrestricted|Restricted|Total Unrestricted|Total Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2021|2021|2021|2020|2020|2020|
||Notes|||F|Restated
6|Restatedf|Restated|
|Income and endowments||from:||||||
|Charitable
activities||38,366|1,782,135|1,820,501|79,409|2,347,952|2,427,361|
|Other income||39,093|17,361|56,454|49,256|118,696|167,952|
|Total income||77,459|1,799,496|1,876,955|128,665|2,466,648|2,595,313|
|E~dlt||||||||
|Charitable
activities||509,190|1,647,085|2,156,275|85,227|2,411,471|2,496,698|
|Other||43|778|821|189|3,386|3,575|
|Total expenditure||509,233|1,647,863|2,157,096|85,416|2,414,857|2,500,273|
|Net (outgoing)/incoming||||||||
|resources before transfers||(431,774)|151,633|(280,141)|43,249|51,791|95,040|
|Gross transfers|between|||||||
|funds||200,489|(200,489)||2,996|(2,996)||
|Net (expenditure)/income||for||||||
|the year/||||||||
|Net movement|in funds|(231,285)|(48,856)|(280,141)|46,245|48,795|95,040|
|Fund balances|at 1 January|||||||
|2021||518,147|68,856|587,003|471,902|20,061|491,963|
|Fund balances|at 31|||||||
|December 2021||286,862|20,000|306,862|518,147|68,856|587,003|
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|||||2021||2020|Restated|
|---|---|---|---|---|---|---|---|
||||Notes||||6|
|Fixed assets||||||||
|Tangible assets|||10||41,975||46,375|
|Current assets||||||||
|Debtors||||257,206||697,346||
|Cash at bank and|in|hand||77,915||138,245||
|||||335,121||835,591||
|Creditors: amounts||falling due within||||||
|one year|||13|(70,234)||(294,963)||
|Net current assets|||||264,887||540,628|
|Total assets less|current liabilities||||306,862||587,003|
|Income funds||||||||
|Restricted funds|||14||20,000||68,856|
|Unrestricted
funds|||||286,862||518,147|
||||||306,862||587,003|
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||||||2021||2020|Restated|
|---|---|---|---|---|---|---|---|---|
|||||Notes|6||8|f|
|Cash flows from operating|||activities||||||
|Cash (absorbed||by)/generated|from|20|||||
|operations||||||(54,361)||86,067|
|Investing|activities||||||||
|Purchase|oftangible
fixed assets||||(5,969)||(3,022)||
|Net cash|used|in investing|activities|||(5,969)||(3,022)|
|Net cash|used|in financing|activities||||||
|Net (decrease)/increase
in|||cash and|cash|||||
|equivalents||||||(60,330)||83,045|
|Cash and|cash|equivalents
at beginning||ofyear||138,245||55,200|
|Cash and|cash|equivalents|at end of|year||77,915||138,245|
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||||Tuition|Tuition|
|---|---|---|---|---|
||||Income|Income|
||||2021|2020|
|||||Restatedf|
|Tuition income|||1,820,501|2,427,361|
|Analysis|by|fund|||
|Unrestricted||funds|38,366|79,409|
|Restricted|funds||1,782,135|2,347,952|
||||1,820,501|2,427,361|
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||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||funds|funds||funds|funds||
||2021|2021|2021|2020|2020|2020|
|||||Restated|Restated
f|Restatedf|
|Other income|5,004||5,004||||
|Rental income|34,089||34,089|49,256||49,256|
|Job Retention Scheme|||||||
|grants||17,361|17,361||118,696|118,696|
||39,093|17,361|56,454|49,256|118,696|167,952|
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|Charitable
a|ctivities||||
|---|---|---|---|---|
||||Direct Costs Direct Costs||
||||2021|2020|
|||||Restatedf|
|Staff costs|||784,700|821,815|
|Depreciation|and impairment||10,369|16,009|
|Learning
provider costs|||576,230|1,379,301|
|Rent|||184,578|161,071|
|Rates|||19,626|5,557|
|Light and heat|||10,727|27,291|
|Repairs and|renewals||35,516|9,722|
|Cleaning|||4,075|3,600|
|Travel costs|||1,327|5,321|
|Accountancy|fees||10,553|4,562|
|Exceptional|items||441,117||
||||2,078,818|2,434,249|
|Share of support costs (see note 6)|||62,148|48,231|
|Share ofgovernance||costs (see note 6)|15,309|14,218|
||||2,156,275|2,496,698|
|Analysis
by|fund||||
|Unrestricted|funds||509,190|85,227|
|Restricted funds|||1,647,085|2,411,471|
||||2,156,275|2,496,698|
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|6|Support|costs|costs||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Support|Governance|2021||Support|Governance|2020|
|||||costs|costs|||costs|costs|Restated|
||||||6|f||||f|
||Telephone||and||||||||
||broadband|||8,981||8,981||11,274||11,274|
||Printing,|postage and|||||||||
||stationery|||2,010||2,010||6,338||6,338|
||Other general expenses|||51,157||51,157||30,620||30,620|
||Audit fees||||12,009|12,009|||11,438|11,438|
||Insurance||||3,300|3,300|||2,779|2,779|
|||||62,148|15,309|77,457||48,232|14,217|62,449|
||Analysed|between|||||||||
||Charitable||activities|62,148|15,309|77,457||48,231|14,218|62,449|
||Governance||costs includes|payments
to|the auditors of|612,009 (2020||Restated- f11,437)for audit||fees.|
|7|Other||||||||||
|||||Unrestricted|Restricted|Total|Unrestricted||Restricted|Total|
|||||funds|funds|||funds|funds||
|||||||||||6|
|||||2021|2021|2021||2020|2020|2020|
|||||||||Restated|Restated|Restated|
||Financing|costs||43|778|821||189|3,386|3,575|
|||||43|778|821||189|3,386|3,575|
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|9|Employees||||||IContinued)|
|---|---|---|---|---|---|---|---|
||Employment
costs|||||20212020 Restated||
|||||||6||
||Wages and salaries|||||715,024|749,179|
||Social security costs|||||57,055|55,765|
||Other pension costs|||||12,621|16,871|
|||||||784,700|821,815|
||The number ofemployees||whose annual|remuneration|was more than 660,000|||
||isas follows:|||||||
|||||||2021|2020 Restated|
|||||||Number|Number|
||670,001 to F80,000|||||||
||680,001 to 690,000|||||||
|10|Tangible fixed assets|||||||
||||||Fixtures and|Computers|Total|
||||||fittings|||
||Cost|||||||
||At 1 January 2021||||71,200|42,009|113,209|
||Additions|||||5,969|5,969|
||At 31 December 2021||||71,200|47,978|119,178|
||Depreciation
and impairment|||||||
||At 1 January 2021||||42,253|24,581|66,834|
||Depreciation
charged|in the year|||5,789|4,580|10,369|
||At 31 December 2021||||48,042|29,161|77,203|
||Carrying
amount|||||||
||At 31 December 2021||||23,158|18,817|41,975|
||At 31 December 2020||||28,947|17,428|46,375|
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|11|Fixed asset investments||
|---|---|---|
|||Other|
||Cost or valuation|investments|
||At 1 January 2021 &31 December 2021|5,000|
||Impairment||
||At 1 January 2021 &31 December 2021|(5,000)|
||Carrying
amount||
||At 1 January 2021 &31 December 2021||
##
|Debtors||||
|---|---|---|---|
|||2021 2020 Restated||
|Amounts
falling due|within one year:|6|8|
|Fees receivable||185,774|246,271|
|Amounts
owed by fellow group undertakings|||4,800|
|Other debtors||42,750|417,913|
|Prepayments
and accrued income||28,682|28,362|
|||257,206|697,346|
|Creditors: amounts|falling due within one year|||
|||2021 2020 Restated||
|||6|f|
|Other taxation and social security||19,182|24,476|
|Trade creditors||21,312|144,257|
|Other creditors||5,026|2,924|
|Accruals and deferred|income|24,714|123,306|
|||70,234|294,963|
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|20|Cash generated
from|operations|operations||2021 2020|Restated|
|---|---|---|---|---|---|---|
|||||||E|
||(Deficit)/surpus
for the|year|||(280,141)|95,040|
||Adjustments
for:||||||
||Depreciation
and impairment
of||tangible|fixed assets|10,369|16,009|
||Movements
in working|capital:|||||
||Decrease/(increase)
in|debtors|||440,140|(99,330)|
||(Decrease)/increase
in|creditors|||(224,729)|74,348|
||Cash (absorbed
by)/generated||from operations||(54,361)|86,067|
|21|Analysis
ofchanges|in net funds|||||
||The charity had no debt during the year.||||||