## ## ||||Page|| |---|---|---|---|---| |Reference and Administrative
Details||||| |Report ofthe Trustees||2|to|6| |Independent
Examiner's|Report|||| |Statement of Financial|Activities|||| |Statement ofFinancial|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 (resigned 6.10.21)|| |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|| ## ## ## ## ## ## ## ## ## ## ||FOR T|HE YEAR|ENDED 31 IIA|Y 2022||| |---|---|---|---|---|---|---| ||||||31.5.22|31.5.21| ||||Unrestricted|Restricted|Total|Total| ||||fund|funds|funds|funds| |||Notes|E|E||E| |INCOME AND ENDOWMENTS|FROM|||||| |Donations
and legacies||2|201,499|138,477|339,976|294,870| |Charitable
activities||||||| |Charitable||||||2,303| |Other trading
activities|||100,889||100,889|83,636| |Investment
income|||825||825|4,350| |Total|||303,213|138,477|441,690|385,159| |EXPENDITURE ON||||||| |Raising funds|||16,499|4,800|21,299|16,158| |Charitable
activities||||||| |Charitable|||253,763|219,068|472,831|260,063| |Total|||270,262|223,868|494,130|276,221| |NET INCOME/(EXPENDITURE)|||32,951|(85,391)|(52,440)|108,938| |Transfers
between
funds||20|(5,990)|5,990||| |Net movement
in funds|||26,961|(79,401)|(52,440)|108,938| |RECONCILIATION
OF FUNDS||||||| |Total funds brought
forward|||194,059|124,623|318,682|209,744| |TOTAL FUNDS CARRIED FORWARD|||221,020|45,222|266,242|318,682| ## ## ||||||31.5.22|31.5.21| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||fund|funds|funds|funds| |||Notes|F||E|E| |FIXEDASSETS||||||| |Investments||15||||| |CURRENT ASSETS||||||| |Debtors||16|278,173|32,758|310,931|303,890| |Cash at bank and|in hand||1,160|12,464|13,624|84,755| ||||279,333|45,222|324,555|388,645| |CREDITORS||||||| |Amounts
falling due within one year||17|(28,314)||(28,314)|(29,964)| |NET CURRENT ASSETS|||251,019|45,222|296,241|358,681| |TOTAL ASSETS|LESSCURRENT|||||| |LIABILITIES|||251,020|45,222|296,242|358,682| |CREDITORS||||||| |Amounts
falling due after more than one year 18|||(30,000)||(30,000)|(40,000)| |NET ASSETS|||221,020|45,222|266,242|318,682| |FUNDS||20||||| |Unrestricted
funds|||||221,020|194,059| |Restricted funds|||||45,222|124,623| |TOTAL FUNDS|||||266,242|318,682| ## ## ## ## ## ## ## ## ## ## ## ## |DONATIONS
AND LEGA|CIE|S||| |---|---|---|---|---| ||||31.5.22|31.5.21| ||||E|F| |Donations|||300,809|294,870| |Grants|||39,167|| ||||339,976|294,870| |Major donors||||| |Westcroft Trust||||85,000| |National
Lottery Reaching
BEITTrust|Communities|||39,167
35,000| |GCC Coronavirus
Prevention||Fund||20,000| |Henry Smith's
Charity
Thriving
Communities
GCC
Big Give Christmas
Challenge
Educational
and General CT||||10,000
10,000
8,212
7,000| |Cadbury Trust (Edward)
MJB Charitable
Trust||||5,000
5,000| |Scott (Eredine) Charitable
Tabhair Charitable
Trust|Trust|||5,000
5,000| |Donations
less than F5,000||||105,597| |Grants received,
included|in the above, are as follows:|||| ||||31.5.22|31.5.21| ||||E|| |National
Lottery|||39,167|| |OTHER TRADING ACTIVITIES|||31.5.22|31.5.21| ||||E|F| |Dividend
from trading
subsidiary
Costs funded
by subsidiary|||2,507
98,382|83,636| ||||100,889|83,636| ## ## |4.|INVESTMENT INCOME|||| |---|---|---|---|---| ||||31.5.22|31.5.21| ||||F|P| ||Rents received||825|4,350| |5.|INCOME FROM CHARITABLE ACTIVITIES|||| ||||31.5.22|31.5.21| ||Government
grants
Activity
Charitable|||F
2,303| |6.|RAISING FUNDS|||| ||Raising donations
and legacies||31.5.22|31.5.21| ||Fundraising
costs||21,299|16,158| |7.|CHARITABLE ACTIVITIES COSTS|||| |||Direct|Support|| |||Costs (see|costs (see|| |||note 8)|note 9)|Totals| ||||E|| ||Charitable|470,321|2,510|472,831| |8.|DIRECT COSTS OF CHARITABLE ACTIVITIES||31.5.22|31.5.21| ||||F|| ||Staff costs
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Carriage
Repairs and renewals
Computer costs
Rent
Maintenance
Travelling
and subsistence
Digibus project costs
Professional fees
Bank charges
Service charges
Teacher Training
Project costs
Depreciation||202,329
6,516
5,118
8,982
1,750
1,092
1,916
12,983
198
10,913
32,650
1,938
547
151,536
4,000
205
7,892
19,756|170,692
5,807
5,135
9,637
1,931
364
1,767
12,009
53
8,195
19,199
3,748
56
9,366
743
300
8,627
714| ||||470,321|258,343| ## ## ## |9.|SUPPORT C|OSTS||||| |---|---|---|---|---|---|---| ||||||Governance|| |||||Finance|costs|Totals| |||||E|F|| ||Charitable|||1,134|1,376|2,510| ||Support costs, included||in the above, are as follows:||31.5.22|31.5.21| |||||||Total| ||||||Charitable|activities| ||||||F|| ||Interest payable and similar charges
Accountancy
and legal fees||||1,134
1,376|1,720| ||||||2,510|1,720| |10.|NET INCOME/(EXPENDITURE)|||||| ||Net income/(expenditure)||is stated after charging/(crediting):|||| ||||||31.5.22|31.5.21| ||Depreciation|-owned assets||||714| ## ## ## |||||31.5.22|31.5.21| |---|---|---|---|---|---| |Charitable|activities|||9|8| |No employees||received emoluments|in excess off60,000.||| ## ||NOTES TO THE FINANCIAL STATEMENTS -continued
FOR THE YEAR ENDED 31 MAY 2022|NOTES TO THE FINANCIAL STATEMENTS -continued
FOR THE YEAR ENDED 31 MAY 2022|NOTES TO THE FINANCIAL STATEMENTS -continued
FOR THE YEAR ENDED 31 MAY 2022|NOTES TO THE FINANCIAL STATEMENTS -continued
FOR THE YEAR ENDED 31 MAY 2022||| |---|---|---|---|---|---|---| |13.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||| |||||Unrestricted|Restricted|Total| |||||fund|funds|funds| |||||||E| ||INCOME AND ENDOWMENTS||FROII|||| ||Donations
and legacies|||60,913|233,957|294,870| ||Charitable
activities|||||| ||Charitable|||2,303||2,303| ||Other trading
activities
Investment
income|||83,636
4,350||83,636
4,350| ||Total|||151,202|233,957|385,159| ||EXPENDITURE ON|||||| ||Raising funds|||16,158||16,158| ||Charitable
activities|||||| ||Charitable|||250,697|9,366|260,063| ||Total|||266,855|9,366|276,221| ||NET INCOME/(EXPENDITURE)|||(115,653)|224,591|108,938| ||Transfers
between|funds||147,084|(147,084)|| ||Net movement
in funds|||31,431|77,507|108,938| ||RECONCILIATION|OF FUNDS||||| ||Total funds brought|forward||162,628|47,116|209,744| ||TOTAL FUNDS CARRIED FORWARD|||194,059|124,623|318,682| |14.|TANGIBLE FIXEDASSETS|||||| |||||||Fixtures| |||||||and| |||||||fittings| |||||||F| ||COST|||||| ||At 1 June 2021 and|31 May 2022||||9,278| ||DEPRECIATION|||||| ||At 1 June 2021 and|31 May 2022||||9,278| ||NET BOOK VALUE|||||| ||At 31 May 2022|||||| ||At 31 May 2021|||||| ## ## |Shares|in| |---|---| |gIoup|| |undertakings|| ## |Registered
office: Wolseley Ho
Nature of business:
IT Training|use, Oriel Road, Chelte
8 Education| |---|---| ||'/o| |Class ofshare:|holding| |Ordinary|100| ## ## |DEBTORS:AMOUNTS
F|ALLINGDUE WITHIN ONE YEAR||| |---|---|---|---| |
||31.5.22|31.5.21| |||E|E| |Due from subsidiary
Prepayments
and accrued|income|306,141
4,790|297,594
6,296| |||310,931|303,890| |CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|31.5.22|31.5.21| |Bank loans and overdrafts (see note 19)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred
income||10,000
3,448
2,637
3,547
8,682|10,000
8,360
1,582
2,425
7,597| |||28,314|29,964| ## ## ## ## ||||31.5.22|31.5.21| |---|---|---|---|---| ||||E|F| |Bank loans (see note 19)|||30,000|40,000| |LOANS||||| |An analysis
of the maturity|of|loans is given below:||| ||||31.5.22|31.5.21| ||||E|E| |Amounts
falling due within
Bank loans|one year on demand:||10,000|10,000| |Amounts
falling between
Bank loans|one|and two years:|20,000|20,000| |Amounts
falling due between
Bank loans||two and five years:|10,000|20,000| ## |MOVEMENT
IN FU|NDS||||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|between|At| |||At 1.6.21|in funds|funds|31.5.22| ||||E|F|| |Unrestricted
funds
General
fund||194,059|32,951|(5,990)|221,020| |Restricted funds
BeitTrust
ITTeacher Training
Van
Digibus
Digital Mobile Lab
Big Give Christmas
Challenge
Entrepreneurial
skills Malawi||25,824
17,180
5,000
76,619|(5,280)
(14,176)
(5,000)
(82,609)
13,374
8,300|5,990|20,544
3,004
13,374
8,300| |||124,623|(85,391)|5,990|45,222| |TOTAL FUNDS||318,682|(52,440)||266,242| ## ## ## |Net movement|in fu|nds,
included
in the above|are as follows:||| |---|---|---|---|---|---| ||||Incoming|Resources|Movement| ||||resources|expended|in funds| ||||E||E| |Unrestricted|funds||||| |General
fund|||303,213|(270,262)|32,951| |Restricted funds|||||| |Beit Trust|||35,000|(40,280)|(5,280)| |ITTeacher Training
Van|||5,580|(19,756)
(5,000)|(14,176)
(5,000)| |Digibus
Digital Mobile Lab
Big Give Christmas
Challenge
Entrepreneurial
skills Malawi|||68,927
20,670
8,300|(151,536)
(7,296)|(82,609)
13,374
8,300| ||||138,477|(223,868)|(85,391)| |TOTAL FUNDS|||441,690|(494,130)|(52,440)| ## |Comparatives
for movemen|t
in funds||||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|between|At| |||At 1.6.20|in funds|funds|31.5.21| ||||||F| |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
ITTeacher Training
Surplus
Funds
Tithandizane
Youth
Van||700
2,000
8,721
5,250
4,000|6,750
5,000
1,000|(700)
8,430
(13,721)
(5,250)|17,180
5,000| |Tech Connect
Digibus
Digital Mobile Lab
Zambia 'Buy One Get One' scheme
Big Give Christmas
Challenge
Zambia Desks for Schools|||18,000
76,619
12,150
15,000
1,700|(18,000)
(12,150)
(15,000)
(1,700)|76,619| |National
Lottery Community
Entrepreneurial
skills Malawi
Covid Prevention
Malawi|Fund||25,082
4,000
24,290|(25,082)
(4,000)
(24,290)|| |||47,116|224,591|(147,084)|124,623| |TOTAL FUNDS||209,744|108,938||318,682| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ##