|||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||
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|||||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)|
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||||||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)|
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|DONATIONS
AND LEGACIES|||
|---|---|---|
||2021|2020|
||S|$|
||300,000|300,000|
|OTHER TRADING ACTIVITIES|||
||2021|2020|
||$|$|
|Tuition and fees|599,217|1,603,990|
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||2021|2020|2021|2020|
|---|---|---|---|---|
||$|$|$|$|
|Education|871,663|1,583,745|871,663|1,583,745|
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|||2021|2020|
|---|---|---|---|
|||$|$|
|Depreciation
-owned assets
Other operating
leases
Auditors'
remuneration||176,294
240,679
51,934|176,292
281,094
52,791|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||$|$|
|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$60,000.||||
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||COMPARATIVES FORTHE STATEMENT OFF|INANCIAL ACTIVITIES||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total|
|||fund|fund||funds|
|||$||$|$|
||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|
|||$|$||$|
||COST|||||
||At 1stJuly 2020 and 30th June 2021|1,405,244|109,696||1,514,940|
||DEPRECIATION|||||
||At 1stJuly 2020
Charge for year|330,646
165,324|21,938
10,970||352,584
176494|
||At 30th June 2021|495,970|32,908||528,878|
||NET BOOK VALUE|||||
||At 30th June 2021|909,274|76,788||986,062|
||At 30th June 2020|1,074,598|87,758||1,162,356|
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|DEBTO|RS:AMOUNTS PALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2021|2020|
|||$|$|
|prepayments||17,197|17,744|
|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
|||2021|2020|
|||$|$|
|Amounts
owed to group undertakings
Other creditors||4,414,087
79,862|4,512,181
116,614|
|Accruals|and deferred income|56,155|50,754|
|||4,550,104|4,679,549|
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|Minimum
lea|se payments
under|non-cancellable
operating
lease|s fall due as follo|ws:||
|---|---|---|---|---|---|
|||||2021|2020|
|||||$|$|
|Within one year||||225,371|205,713|
|Between one|and five years|||732,456|822,854|
|In more than|five years||||51,428|
|||||957,827|1,079,995|
|MOVEMENT IN FUNDS||||||
|||||Net||
|||||movement|At|
||||At 1.7.20|in fimds|30.6.21|
||||$|$|$|
|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|
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|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|
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