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||||Page||
|---|---|---|---|---|
|Reference and Administrative
Details|||||
|Report ofthe Trustees||2|to|6|
|Independent
Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Statement of Financial|Position|9|to|10|
|Notes to the Financial Statements||11|to|21|
|TRUSTEES||M R Ratcliffe MBE||
|---|---|---|---|
|||P M Hazel||
|||Mrs JS Hill||
|||A Piggott||
|||Dr RJ Carter||
|COMPANY SECRETARY||P M Hazel||
|REGISTERED|OFFICE|Wolseley House||
|||Oriel Road||
|||Cheltenham||
|||Gloucesters hire||
|||GL50 1TH||
|REGISTERED|COMPANY|07611398(England|and Wales)|
|NUMBER||||
|REGISTERED|CHARITY|1146157||
|NUMBER||||
|INDEPENDENT|EXAMINER|Andorran
Limited||
|||6 Manor Park Business Centre||
|||Mackenzie Way||
|||Cheltenham||
|||Gloucestershire||
|||GL51 9TX||
|SOLICITORS||Willans||
|||28 Imperial Square||
|||Cheltenham||
|||Gloucestershire||
|||GL50 1RH||
|BANKERS||Lloyds Bank pic||
|||130High Street||
|||Cheltenham||
|||Gloucestershire||
|||GL50 1EW||
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||FOR T|HE YEAR|ENDED 31 IIA|Y 2021|||
|---|---|---|---|---|---|---|
||||||31.5.21|31.5.20|
||||Unrestricted|Restricted|Total|Total|
||||fund|funds|funds|funds|
|||Notes|E|E|F|E|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies|||60,913|233,957|294,870|216,683|
|Charitable
activities|||||||
|Charitable|||2,303||2,303|6,043|
|Other trading
activities|||83,636||83,636|61,472|
|Investment
income|||4,350||4,350|1,450|
|Total|||151,202|233,957|385,159|285,648|
|EXPENDITURE ON|||||||
|Raising funds|||16,158||16,158|11,550|
|Charitable
activities|||||||
|Charitable|||250,697|9,366|260,063|273,902|
|Total|||266,855|9,366|276,221|285,452|
|NET INCOME/{EXPENDITURE)|||(115,653)|224,591|108,938|196|
|Transfers
between funds||20|147,084|(147,084)|||
|Net movement
in funds|||31,431|77,507|108,938|196|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward|||162,628|47, 1'I6|209,744|209,548|
|TOTAL FUNDS CARRIED FORWARD|||194,059|124,623|318,682|209,744|
##
||STA|TEMENT O|F FINANCIAL
P|OSITION|||
|---|---|---|---|---|---|---|
|||31|MAY 2021||||
||||||31.5.21|31.5.20|
||||Unrestricted|Restricted|Total|Total|
||||fund|funds|funds|funds|
|||Notes|E|E|E|E|
|FIXEDASSETS|||||||
|Tangible assets||14||||714|
|Investments||15||||1|
|||||||715|
|CURRENT ASSETS|||||||
|Debtors||16|227,271|76,619|303,890|229,479|
|Cash at bank and|in hand||36,751|48,004|84,755|46,264|
||||264,022|124,623|388,645|275,743|
|CREDITORS|||||||
|Amounts
falling due within one year||17|(29,964)||(29,964)|(16,714)|
|NET CURRENT ASSETS|||234,058|124,623|358,681|259,029|
|TOTAL ASSETS|LESSCURRENT||||||
|LIABILITIES|||234,059|124,623|358,682|259,744|
|CREDITORS|||||||
|Amounts
falling due after more than one year 18|||(40,000)||(40,000)|(50,000)|
|NET ASSETS|||194,059|124,623|318,682|209,744|
|FUNDS||20|||||
|Unrestricted
funds|||||194,059|162,628|
|Restricted funds|||||124,623|47,116|
|TOTAL FUNDS|||||318,682|209,744|
##
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||||||||||31.5.21|31.5.20|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E|E|
|Donations|||||||||294,870|216,683|
|Major donors|||||||||||
|BEITTrust||||||||||35,000|
|National
Lottery||Community|Fund|||||||25,082|
|Fondation
Eagle||||||||||24,290|
|Gloucestershire||County Council||Digital|Innovation|Fund||||20,000|
|Gloucestershire||County Council||Public|Health Coronavirus|||Prevention||20,000|
|Barnwood
Trust||||||||||15,000|
|Aviva Community||Fund||||||||10,985|
|Gloucestershire||Community|Foundation||Coronavirus||8 Resilience programme|||10,000|
|Gloucestershire||Community|Foundation||Cellnex|Digital Fund||||10,000|
|Big Give Christmas
Challenge||||||||||7,321|
|Educational
8|General Charitable|||Trust||||||7,000|
|Gloucestershire||Community|Foundation|||||||5,000|
|Haramead
Trust||||||||||5,000|
|Henry Smith's|Charity|||||||||5,000|
|Julia & Hans Rausing
Trust||||||||||5,000|
|MJB Charitable|Trust|||||||||5,000|
|National
Benevolent
Charity||||||||||5,000|
|Notgrove Trust||||||||||5,000|
|Renishaw
pic||||||||||5,000|
|Donations
less|than E5,000|||||||||70,192|
##
##
|||||||31.5.21|31.5.20|
|---|---|---|---|---|---|---|---|
||||||||F|
||Dividend
from trading|||subsidiary||83,636|61,472|
|4.|INVESTMENT INCOME|||||||
|||||||31.5.21|31.5.20|
|||||||F|F|
||Rents received|||||4,350|1,450|
|5.|INCOME FROM CHARITABLE ACTIVITIES|||||||
|||||||31.5.21|31.5.20|
|||||Activity|||F|
||Government|grants||Charitable||2,303|6,043|
|6.|RAISING FUNDS|||||||
||Raising donations||and legacies|||||
|||||||31.5.21|31.5.20|
|||||||F|F|
||Fundraising|costs||||16,158|11,550|
|7.|CHARITABLE ACTIVITIES COSTS|||||||
||||||Direct|Support||
||||||Costs (see|costs (see||
||||||note 8)|note 9)|Totals|
||||||F|F.|F|
||Charitable||||258,343|1,720|260,063|
|8.|DIRECT COSTS OF CHARITABLE ACTIVITIES|||||||
|||||||31.5.21|31.5.20|
|||||||F|F|
||Staff costs|||||170,692|175,918|
||Rates and water|||||5,807|5,934|
||Insurance|||||5,135|5,271|
||Light and heat|||||9,637|11,326|
||Telephone|||||1,931|1,250|
||Postage and|stationery||||364|443|
||Advertising||||||2,460|
||Sundries|||||1,767|1,893|
||Carriage|||||12,009|10,388|
||Repairs and|renewals||||53|552|
||Computer costs|||||8,195|9,690|
||Rent|||||19,199|27,865|
||Maintenance|||||3,748|7,899|
||Travelling
and subsistence|||||56|75|
||Digibus project costs|||||9,366||
||Professional|fees||||743||
||Bank charges|||||300|668|
||Service charges|||||8,627|8,663|
||Depreciation|||||714|1,855|
|||||||258,343|272,150|
##
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##
|||||Governance|
|---|---|---|---|---|
|||||costs|
|Charitable||||1,720|
|NET INCOME/(EXPENDITURE)|||||
|Net income/(expenditure)||is stated after charging/(crediting):|||
||||31.5.21|31.5.20|
||||E|F|
|Depreciation|-owned assets||714|1,855|
##
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##
|||31.5.21|31.5.20|
|---|---|---|---|
|Charitable|activities|8|8|
||No employees
received emoluments
in excess off60,000.|No employees
received emoluments
in excess off60,000.|No employees
received emoluments
in excess off60,000.|||
|---|---|---|---|---|---|
|13.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||
||||Unrestricted|Restricted|Total|
||||fund|funds|funds|
||||E||F|
||INCOME|AND ENDOWMENTS|FROM|||
||Donations|and legacies|75,125|141,558|216,683|
||Charitable|activities||||
||Charitable||6,043||6,043|
||Other trading
activities||61,472||61,472|
||Investment|income|1,450||1,450|
||Total||144,090|141,558|285,648|
||EXPENDITURE ON|||||
||Raising funds||11,550||11,550|
||Charitable|activities||||
||Charitable||273,902||273,902|
||Total||285,452||285,452|
##
||NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2021|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2021|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2021|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2021|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2021|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2021|||
|---|---|---|---|---|---|---|---|---|
|13.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued||||||||
||||||Unrestricted|Restricted|Total||
||||||fund|funds|funds||
|||||||F|E||
||NET INCOME/(EXPENDITURE)||||(141,362)|141,558|196||
||Transfers
between|||funds|150,964|(150,964)|||
||Net movement|in funds|||9,602|(9,406)|196||
||RECONCILIATION||OF FUNDS||||||
||Total funds brought|||forward|153,026|56,522|209,548||
||TOTAL FUNDS|CARRIED FORWARD|||162,628|47,116|209,744||
|14.|TANGIBLE FIXEDASSETS||||||||
||||||||Fixtures||
||||||||and||
||||||||fittings||
||||||||F||
||COST||||||||
||At 1 June 2020 and||31 May 2021||||9,278||
||DEPRECIATION||||||||
||At 1 June 2020||||||8,564||
||Charge for year||||||714||
||At 31 May 2021||||||9,278||
||NET BOOK VALUE||||||||
||At 31 May 2021||||||||
||At 31 May 2020||||||714||
|15.|FIXEDASSET INVESTMENTS||||||||
||||||||Shares|in|
||||||||group||
||||||||undertakings||
||||||||E||
||MARKET VALUE||||||||
||At 1 June 2020 and||31 May 2021||||||
||NET BOOK VALUE||||||||
||At 31 May 2021||||||||
||At 31 May 2020||||||||
##
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##
|DEBTORS:AMOUNT|S
F|ALL|ING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|
|||||31.5.21|31.5.20|
||||||F|
|Due from subsidiary||||297,594|226,779|
|Prepayments
and accrued||income||6,296|2,700|
|||||303,890|229,479|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
|||||31.5.21|31.5.20|
|Bank loans and overdrafts||(see note 19)||10,000||
|Trade creditors||||8,360|4,472|
|Social security and other taxes||||1,582|2,579|
|Other creditors||||2,425|829|
|Accruals and deferred|income|||7,597|8,834|
|||||29,964|16,714|
|CREDITORS: AIIOUNTS||FALLING DUE AFTER MORE THAN ONE YEAR||||
|||||31.5.21|31.5.20|
||||||E|
|Bank loans (see note|19)|||40,000|50,000|
|LOANS||||||
|An analysis ofthe maturity||of|loans is given below:|||
|||||31.5.21|31.5.20|
||||||F|
|Amounts
falling due within||one year on demand:||||
|Bank loans||||10,000||
|Amounts
falling between one|||and two years:|||
|Bank loans
—1-2years||||20,000||
|Amounts
falling due between|||two and five years:|||
|Bank loans - 2-5 years||||20,000||
|Amounts
falling due in|more than five years:|||||
|Repayable
by instalments:||||||
|Bank loans more 5 yr|by instal||||50,000|
##
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|MOVEMENT
IN F|U|NDS||||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.6.20|in funds|funds|31.5.21|
|||||F|E|E|E|
|Unrestricted
funds||||||||
|General
fund||||162,628|(115,653)|147,084|194,059|
|Restricted funds||||||||
|Beit Trust||||26,445|35,000|(35,621)|25,824|
|Malawi Programme||||700||(700)||
|ITTeacher Training||||2,000|6,750|8,430|17,180|
|Surplus
Funds||||8,721|5,000|(13,721)||
|Tithandizane
Youth||||5,250||(5,250)||
|Van||||4,000|1,000||5,000|
|Tech Connect|||||18,000|(18,000)||
|Digibus
Digital Mobile Lab|||||76,619||76,619|
|Zambia
'Buy One|Get One'||scheme||12,150|(12,150)||
|Big Give Christmas||Challenge|||15,000|(15,000)||
|Zambia Desks for|Schools||||1,700|(1,700)||
|National
Lottery Community|||Fund||25,082|(25,082)||
|Entrepreneurial
skills Malawi|||||4,000|(4,000)||
|Covid Prevention|Malawi||||24,290|(24,290)||
|||||47,116|224,591|(147,084)|124,623|
|TOTAL FUNDS||||209,744|108,938||318,682|
||||||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|---|---|---|
||||||||resources|expended|in funds|
||||||||F|||
|Unrestricted||funds||||||||
|General|fund||||||151,202|(266,855)|(115,653)|
|Restricted funds||||||||||
|BeitTrust|||||||35,000||35,000|
|ITTeacher Training|||||||6,750||6,750|
|Surplus|Funds||||||5,000||5,000|
|Van|||||||1,000||1,000|
|Tech Connect|||||||18,000||18,000|
|Digibus|Digital|Mobile Lab|||||85,985|(9,366)|76,619|
|Zambia|'Buy One|||Get One'||scheme|12,150||12,150|
|Big Give|Christmas||||Challenge||15,000||15,000|
|Zambia|Desks|for||Schools|||1,700||1,700|
|National|Lottery||Community|||Fund|25,082||25,082|
|Entrepreneurial|||skills Malawi||||4,000||4,000|
|Covid Prevention||||Malawi|||24,290||24,290|
||||||||233,957|(9,366)|224,591|
|TOTAL|FUNDS||||||385,159|(276,221)|108,938|
##
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|Comparatives
f|or moveme|nt
in fun|ds|||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||Ai 1.6.19|in funds|funds|31.5.20|
|||||E|E|E||
|Unrestricted
funds||||||||
|General
fund||||153,026|(141,362)|150,964|162,628|
|Restricted funds||||||||
|BeitTrust||||26,624|35,000|(35,179)|26,445|
|Fondation
Eagle|||||42,806|(42,806)||
|Malawi Programme||||3,879|19,200|(22,379)|700|
|Harare Sports Club||||4,859||(4,859)||
|Nchanga
IT Lab||||800|4,175|(4,975)||
|ITTeacher Training||||1,000|1,000||2,000|
|Baraka Learning|Centre|||8,507||(8,507)||
|Matipula
IT Lab||||7,417|3,500|(10,917)||
|Malindi School (Big Give)|||||12,637|(12,637)||
|Surplus
Funds||||3,436|3,100|2,185|8,721|
|T'ithandizane
Youth|||||5,250||5,250|
|Van|||||4,000||4,000|
|Mitsidi School IT'|Lab||||8,590|(8,590)||
|Mzinyathani
IT Lab|||||2,300|(2,300)||
|||||56,522|141,558|(150,964)|47,116|
|TOTAL FUNDS||||209,548|196||209,744|
|Comparative
net|movement|in funds,|included|in the above|are as follows:|||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||||||F|E|F|
|Unrestricted
funds||||||||
|General
fund|||||144,090|(285,452)|(141,362)|
|Restricted funds||||||||
|BeitTrust|||||35,000||35,000|
|Fondation
Eagle|||||42,806||42,806|
|Malawi Programme|||||19,200||19,200|
|Nchanga
IT Lab|||||4,175||4,175|
|ITTeacher Training|||||1,000||1,000|
|Matipula
IT Lab|||||3,500||3,500|
|Malindi School (Big Give)|||||12,637||12,637|
|Surplus
Funds|||||3,100||3,100|
|Tithandizane
Youth|||||5,250||5,250|
|Van|||||4,000||4,000|
|Mitsidi School IT|Lab||||8,590||8,590|
|Mzinyathani
IT Lab|||||2,300||2,300|
||||||141,558||141,558|
|TOTAL FUNDS|||||285,648|(285,452)|196|
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