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|---|---|---|---|---|---|
|Reference|and Administrative
Details|||||
|Report ofthe Trustees|||2|Io|6|
|Independent|Examiner's|Report||||
|Statement|of Financial|Activities||||
|Statement|of Financial|Position|9|to|10|
|Notes to the Financial Statements|||11|to|20|
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||||||31.5.23|31.5.22|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|funds|funds|funds|
|||Notes|8|6||f|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies||2|46,879|229,449|276,328|339,976|
|Other trading
activities||3|39,583||39,583|101,714|
|Total|||86,462|229,449|315,911|441,690|
|EXPENDITURE ON|||||||
|Raising funds||4|19,073||19,073|21,299|
|Charitable
activities||5|||||
|Charitable|||179,725|216,094|395,819|472,831|
|Total|||198,798|216,094|414,892|494,130|
|NET INCOME/(EXPENDITURE)|||(112,336)|13,355|(98,981)|(52,440)|
|Transfers
between
funds||17|(12,379)|12,379|||
|Net movement
in funds|||(124,715)|25,734|(98,981)|(52,440)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds
brought
forward|||221,020|45,222|266,242|318,682|
|TOTAL FUNDS CARRIED FORWARD|||96,305|70,956|167,261|266,242|
##
||||||31.5.23|31.5.22|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||Notes||fund
E|funds|funds
f|funds
6|
|FIXED ASSETS|||||||
|Investments||12|1||||
|CURRENT ASSETS|||||||
|Debtors||13|134,003|70,956|204,959|310,931|
|Cash at bank and|in hand||14,356||14,356|13,624|
||||148,359|70,956|219,315|324,555|
|CREDITORS|||||||
|Amounts
falling due within one year||14|(32,055)||(32,055)|(28,314)|
|NET CURRENT ASSETS|||116,304|70,956|187,260|296,241|
|TOTAL ASSETS|LESSCURRENT||||||
|LIABILITIES|||116,305|70,956|187,261|296,242|
|CREDITORS|||||||
|Amounts
falling due after more than one year||15|(20,000)||(20,000)|(30,000)|
|NET ASSETS/(LIABILITIES)|||96,305|70,956|167,261|266,242|
|FUNDS||17|||||
|Unrestricted
funds|||||96,305|221,020|
|Restricted
funds|||||70,956|45,222|
|TOTAL FUNDS|||||167,261|266,242|
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|||||||31.5.23|31.5.22|
|---|---|---|---|---|---|---|---|
||||||||F|
|Donations||||||265,495|300,809|
|Grants||||||10,833|39,167|
|||||||276,328|339,976|
|Major donors||||||||
|BEITTrust|||||||35,000|
|Access Foundation|||||||25,000|
|Barnwood
Trust|||||||25,000|
|Spirax Sarco Education||Fund|||||25,000|
|Garfield Weston|Foundation||||||20,000|
|Foundation
Eagle|||||||18,333|
|National
Lottery|Reaching||Communities||||10,833|
|Gloucestershire|Community|||Foundation|||10,000|
|Henry Smith's
Charity|||||||10,000|
|Big Give 2022|||||||7,726|
|GCC Thriving
Communities|||||||7,500|
|Educational
and|General|Charitable|||Trust||7,000|
|Barnwood Trust|NHS Glos||ICB||||5,000|
|Scott (Eredine) Charitable|||Trust||||5,000|
|Tabhair Chantable
Trust|||||||5,000|
|Donations
less than 65,000|||||||59,936|
|Grants received,|included||in|the above, are as follows.||||
|||||||31.5.23
E|31.5.22
f|
|National
Lottery||||||10,833|39,167|
|OTHER TRADING ACTIVITIES||||||||
|||||||31.5.23|31 522|
|||||||F||
|Dividend
from trading
subsidiary||||||18,211|2,507|
|Other income||||||15|825|
|Costs funded
by subsidiary||||||21,357|98,382|
|||||||39,583|101,714|
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|RAISING FUNDS|RAISING FUNDS|RAISING FUNDS|RAISING FUNDS||||||
|---|---|---|---|---|---|---|---|---|
|Raising donations||||and legacies|||||
||||||||31 5.23
f|31 5 22
8|
|Fundraising||costs|||||'l9,073|21,299|
|CHARITABLE ACTIVITIES COSTS|||||||||
||||||Direct||Support||
||||||Costs (see||costs (see||
||||||note 6)||note 7)|Totals|
||||||E|||6|
|Charitable|||||393,118||2,701|395,819|
|DIRECT COSTS|||OF CHARITABLE ACTIVITIES||||||
||||||||31.5.23|31 522|
||||||||6||
|Staff costs|||||||190,853|202,329|
|Rates and|water||||||6,376|6,516|
|Insurance|||||||4,503|5,118|
|Light and heat|||||||10,166|8,982|
|Telephone|||||||2,077|1,750|
|Postage, stationery||||and advertising|||1,519|1,092|
|Sundries|||||||2,589|1,916|
|Carriage|||||||10,647|12,983|
|Repairs and||renewals|||||21|198|
|Computer|costs||||||4,989|10,913|
|Rent|||||||36,149|32,650|
|Maintenance|||||||4,285|1,938|
|Travelling|and subsistence||||||471|547|
|Digibus project costs|||||||101,240|151,536|
|Professional||fees||||||4,000|
|Bank charges|||||||307|205|
|Service charges|||||||7, 122|7,892|
|Teacher Training|||Project costs||||9,804|19,756|
||||||||393,118|470,321|
|SUPPORT||COSTS|||||||
||||||||Governance||
||||||Finance||costs|Totals|
||||||f||f|f|
|Chantable||||||887|1,814|2,701|
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|||||31.5.23|31.5.22|
|---|---|---|---|---|---|
||||||Total|
|||||Charitable
6|activities
f|
|Interest payable||and similar charges||887|1,134|
|Independent|examination||fees|1,814|1,376|
|||||2,701|2,510|
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|The average
monthly
number of|emp|loyees
during
the year|was as follows:|||
|---|---|---|---|---|---|
|||||31.5.23|31.5.22|
|Charitable
activities||||9|9|
|No employees
received emoluments||in excess of660,000.||||
|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL|||ACTIVITIES|||
||||Unrestricted|Restricted|Total|
||||fund
6|funds
6|fundsf|
|INCOME AND ENDOWMENTS|FROM|||||
|Donations
and legacies|||201,499|138,477|339,976|
|Other trading
activities|||101,714||101,714|
|Total|||303,213|138,477|441,690|
|EXPENDITURE ON||||||
|Raising funds|||16,499|4,800|21,299|
|Charitable
activities||||||
|Charitable|||253,763|219,068|472,831|
|Total|||270,262|223,868|494,130|
|NET INCOME/(EXPENDITURE)|||32,951|(85,391)|(52,440)|
|Transfers
between
funds|||(5,990)|5,990||
|Net movement
in funds|||26,961|(79,401)|(52,440)|
##
|||NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023|NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023|||
|---|---|---|---|---|---|---|
|10.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|||||
||||Unrestricted|Restricted|Total||
||||fund|funds|funds||
||||E|f|6||
||RECONCILIATION|OF FUNDS|||||
||Total funds
brought|forward|194,059|124,623|318,682||
||TOTAL FUNDS CARRIED FORWARD||221,020|45,222|266,242||
|11.|TANGIBLE FIXED|ASSETS|||||
||||||Fixtures||
||||||and||
||||||fittings||
||||||E||
||COST||||||
||At 1 June 2022||||9,278||
||Disposals||||(9,278)||
||At 31 May 2023||||||
||DEPRECIATION||||||
||At 1 June 2022||||9,278||
||Eliminated
on disposal||||(9,278)||
||At 31 May 2023||||||
||NET BOOK VALUE||||||
||At 31 May 2023||||||
||At 31 May 2022||||||
|12.|FIXED ASSET INVESTMENTS||||||
||||||Shares|in|
||||||group||
||||||undertakings||
||||||6||
||IIIIARKET VALUE||||||
||At 1 June 2022 and|31 May 2023|||||
||NET BOOK VALUE||||||
||At 31 May 2023||||||
||At 31 May 2022||||||
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||||||31.5.23
6|31.5.22
f|
|---|---|---|---|---|---|---|
|Due from subsidiary|||||197,621|306,141|
|Prepayments
and accrued|||income||7,338|4,790|
||||||204,959|310,931|
|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||
||||||31.5.23|31.5.22|
||||||f|F|
|Bank loans and|overdrafts||(see note 16)||10,000|10,000|
|Trade creditors|||||8,649|3,448|
|Social security
and other taxes|||||3,340|2,637|
|Other creditors|||||1,136|3,547|
|Accruals
and deferred||income|||8,930|8,682|
||||||32,055|28,314|
|CREDITORS: AMOUNTS|||FALLING DUE AFTER MORE THAN ONE YEAR||||
||||||31.5.23|31 522|
||||||6|f|
|Bank loans (see note||16)|||20,000|30,000|
|LOANS|||||||
|An analysis
of the maturity|||of|loans is given below:|||
||||||31523|31.5.22|
||||||6|F|
|Amounts
falling|due within||one year on demand.||||
|Bank loans|||||10,000|10,000|
|Amounts
falling|between||one|and two years'|||
|Bank loans|||||20,000|20,000|
|Amounts
falling|due between|||two and five years:|||
|Bank loans||||||10,000|
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|MOVEMENT|IN FU|NDS||||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.6.22
f|in funds
E|funds|31.5.23
E|
|Unrestricted|funds|||||||
|General
fund||||221,020|(112,336)|(12,379)|96,305|
|Restricted funds||||||||
|Beit Trust||||20,544|(1,655)||18,889|
|IT Teacher Training||programme||||||
|Zambia||||3,004|496||3,500|
|Digibus
Digital|Mobile Lab||||(12,379)|12,379||
|Big Give Christmas||Challenge||13,374|(11,712)||1,662|
|Entrepreneurial|skills Malawi|||8,300|17,655||25,955|
|Malawi Starter|Pack|scheme|||7,250||7,250|
|ITTeacher Training||programme||||||
|Zimbabwe|||||8,700||8,700|
|Kenya Shipping
Costs|||||5,000||5,000|
|||||45,222|13,355|12,379|70,956|
|TOTAL FUNDS||||266,242|(98,981)||167,261|
|Net movement|in funds,||included|in the above are as follows:||||
||||||Incoming|Resources|Movement|
||||||resources
6|expended
F|in funds
f|
|Unrestricted|funds|||||||
|General
fund|||||86,462|(198,798)|(112,336)|
|Restricted funds||||||||
|Beit Trust|||||35,000|(36,655)|(1,655)|
|ITTeacher Training||programme||||||
|Zambia|||||10,300|(9,804)|496|
|Tech Connect|||||39,300|(39,300)||
|Digibus
Digital|Mobile Lab||||88,861|(101,240)|(12,379)|
|Big Give Christmas||Challenge||||(11,712)|(11,712)|
|Entrepreneurial|skills Malawi||||17,655||17,655|
|Malawi Starter|Pack|scheme|||7,250||7,250|
|IT Lab Project|Malawi||||17,383|(17,383)||
|ITTeacher Training||programme||||||
|Zimbabwe|||||8,700||8,700|
|Kenya Shipping
Costs|||||5,000||5,000|
||||||229,449|(216,094)|13,355|
|TOTAL FUNDS|||||315,911|(414,892)|(98,981)|
##
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|Comparatives|for|movemen|t
in fun|ds|||||
|---|---|---|---|---|---|---|---|---|
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1.6.21
8|in funds
f|funds
8|31.5.22
f|
|Unrestricted|funds||||||||
|General
fund|||||194,059|32,951|(5,990)|221,020|
|Restricted
funds|||||||||
|Beit Trust|||||25,824|(5,280)||20,544|
|ITTeacher Training||programme|||||||
|Zambia|||||17,180|(14,176)||3,004|
|Van|||||5,000|(5,000)|||
|Digibus
Digital Mobile Lab|||||76,619|(82,609)|5,990||
|Big Gwe Christmas||Challenge||||13,374||13,374|
|Entrepreneurial|skills Malawi|||||8,300||8,300|
||||||124,623|(85,391)|5,990|45,222|
|TOTAL FUNDS|||||318,682|(52,440)||266,242|
|Comparative|net movement||in funds,|included|in the above|are as follows:|||
|||||||Incoming|Resources|Movement|
|||||||resources
6|expended
f|in funds
f|
|Unrestricted|funds||||||||
|General
fund||||||303,213|(270,262)|32,951|
|Restricted
funds|||||||||
|Beit Trust||||||35,000|(40,280)|(5,280)|
|ITTeacher Training||programme|||||||
|Zambia||||||5,580|(19,756)|(14,176)|
|Van|||||||(5,000)|(5,000)|
|Digibus
Digital|Mobile Lab|||||68,927|(151,536)|(82,609)|
|Big Give Christmas||Challenge||||20,670|(7,296)|13,374|
|Entrepreneurial|skills Malawi|||||8,300||8,300|
|||||||138,477|(223,868)|(85,391)|
|TOTAL FUNDS||||||441,690|(494,130)|(52,440)|
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