| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 |
| Report ofthe Indepeadent Auditors |
7 | to | 9 |
| Statement ofFinancial Activities | 10 | ||
| Balance Sheet | |||
| Notes to the Financial Statements | 12 | to | 18 |
| Detailed Statement ofFinancial Activities | 19 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | 8 | 8 | 8 | 8 | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies |
2 | 300,000 | 300,000 | 300,000 | |
| Other trading activities | 3 | 599,217 | 599,217 | 1,603,990 | |
| Total | 899,217 | 899,217 | 1,903,990 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Education | 871,663 | 871,663 | 1,583,745 | ||
| NET INCOME | 27,554 | 27,554 | 320,245 | ||
| RECONCILIATION OFFUNDS | |||||
| Total funds brought forward | (3,484,229) | (3,484,229) | (3,804,474) | ||
| TOTAL FUNDS CARRIED FORWARD | (3,456,675) | (3,456,675) | (3,484,229) |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | $ | $ | $ | $ | ||
| FIXEDASSETS | ||||||
| Tangible assets | 9 | 986,062 | 986,062 | 1,162,356 | ||
| CURRENT ASSETS | ||||||
| Debtors | 10 | 17,197 | 17,197 | 17,744 | ||
| Cash at bank and in hand | 90,170 | 90,170 | 15,220 | |||
| 107,367 | 107,367 | 32,964 | ||||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 11 | (4,550,104) | (4,550,104) | (4,679,549) | |
| NET CURRENT ASSETS/9 IABILITIES) | (4,442,737) | (4,442,737) | (4,646,585) | |||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | (3,456,675) | (3,456,675) | (3,484,229) | |||
| NET ASSETS/(LIABILITIES) | (3,456,675) | (3,456,675) | (3,484429) | |||
| FUNDS | 13 | |||||
| Unrestricted funds |
(3,456,675) | (3,484,229) | ||||
| TOTAL FUNDS | (3,456,675) | (3,484329) |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 2021 | 2020 | |
| S | $ | |
| 300,000 | 300,000 | |
| OTHER TRADING ACTIVITIES | ||
| 2021 | 2020 | |
| $ | $ | |
| Tuition and fees | 599,217 | 1,603,990 |
| 2021 | 2020 | 2021 | 2020 | |
|---|---|---|---|---|
| $ | $ | $ | $ | |
| Education | 871,663 | 1,583,745 | 871,663 | 1,583,745 |
| 2021 | 2020 | ||
|---|---|---|---|
| $ | $ | ||
| Depreciation -owned assets Other operating leases Auditors' remuneration |
176,294 240,679 51,934 |
176,292 281,094 52,791 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| $ | $ | |||||
| Wages and salaries Social security costs Other pension costs |
195,481 19,813 18,067 |
565,858 16,042 17,354 |
||||
| 233,361 | 599,254 | |||||
| The average monthly | number ofemployees | during the year was as follows: | ||||
| 2021 | 2020 | |||||
| Administration | 3 | 3 | ||||
| No employees | received emoluments | in excess of$60,000. |
| COMPARATIVES FORTHE STATEMENT OFF | INANCIAL ACTIVITIES | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| $ | $ | $ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies |
300,000 | 300,000 | |||
| Other trading activities | 1,603,990 | 1,603,990 | |||
| Total | 1,903,990 | 1,903,990 | |||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Education | 1,583,745 | 1,583,745 | |||
| NET INCOME | 320,245 | 320,245 | |||
| RECONCILIATION OFFUNDS | |||||
| Total funds brought forward | (3,804,474) | (3,804,474) | |||
| TOTAL FUNDS CARRIED FORWARD | (3,484,229) | (3,484,229) | |||
| 9. | TANGIBLE FIXEDASSETS | ||||
| Improvements | |||||
| to | plant | and | |||
| property | machinery | Totals | |||
| $ | $ | $ | |||
| COST | |||||
| At 1stJuly 2020 and 30th June 2021 | 1,405,244 | 109,696 | 1,514,940 | ||
| DEPRECIATION | |||||
| At 1stJuly 2020 Charge for year |
330,646 165,324 |
21,938 10,970 |
352,584 176494 |
||
| At 30th June 2021 | 495,970 | 32,908 | 528,878 | ||
| NET BOOK VALUE | |||||
| At 30th June 2021 | 909,274 | 76,788 | 986,062 | ||
| At 30th June 2020 | 1,074,598 | 87,758 | 1,162,356 |
| DEBTO | RS:AMOUNTS PALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2021 | 2020 | ||
| $ | $ | ||
| prepayments | 17,197 | 17,744 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | ||
| $ | $ | ||
| Amounts owed to group undertakings Other creditors |
4,414,087 79,862 |
4,512,181 116,614 |
|
| Accruals | and deferred income | 56,155 | 50,754 |
| 4,550,104 | 4,679,549 |
| Minimum lea |
se payments under |
non-cancellable operating lease |
s fall due as follo | ws: | |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| $ | $ | ||||
| Within one year | 225,371 | 205,713 | |||
| Between one | and five years | 732,456 | 822,854 | ||
| In more than | five years | 51,428 | |||
| 957,827 | 1,079,995 | ||||
| MOVEMENT IN FUNDS | |||||
| Net | |||||
| movement | At | ||||
| At 1.7.20 | in fimds | 30.6.21 | |||
| $ | $ | $ | |||
| Uarestricted | fuods | ||||
| General fimd | (3,484,229) | 27,554 | (3,456,675) | ||
| TOTAL FUNDS | (3,484,229) | 27,554 | (3,456,675) | ||
| Net movement | in funds, included | in the above are as follows: | |||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| $ | $ | $ | |||
| Unrestricted | funds | ||||
| General fund | 899417 | (871,663) | 27,554 | ||
| TOTAL FUNDS | 899417 | (871,663) | 27,554 |
| Comparatives | for movemeat | for movemeat | in funds | |||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1.7.19 | in funds | 302$20 | ||||
| $ | $ | $ | ||||
| Unrestricted | funds | |||||
| General fund | (3,804,474) | 320/45 | (3,484,229) | |||
| TOTAL FUNDS | (3,804,474) | 320,245 | (3,484,229) | |||
| Comparative | net movement | in | funds, included | in the above are as follows: | ||
| Incoming | Resomces | Movement | ||||
| resources | expended | in fimds | ||||
| $ | $ | $ | ||||
| Unrestricted | funds | |||||
| General fimd | 1,903,990 | (1,583,745) | 320,245 | |||
| TOTAL FUNDS | 1,903,990 | (1,583,745) | 320,245 |