2021-08-31-accounts - The Green Room Foundation Ltd

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	Page
Trustees' Report	3-7
Auditor's Report	8-10
Statement of Financial Activities
Balance Sheet	12
Statement ofCash Flows	13
Notes tothe Accounts	14-23

			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
		Notes	2021	2021	2021	2020
			E	E	E	E
Incoming Resources	from;
Donations and legacies			16,107	100,000	116,107	31,822
Charitable activities
School			2,077,860		2,077,860	1,751,086
Other Income			1,741		1,741
Investment Income			2		2	420
Total income			2,095,710	100,000	2,195,710	1,783,328
Resources expended:
Charitable activities
School			1,640,689	16,250	1,656,939	1,434,028
Total expenditure			1,640,689	16,250	1,656,939	1,434,028
Net gains/(losses) on investments						3,803
Net income/(expenditure) before transfers			455,021	83,750	538,771	353,103
Transfers between funds
Net movement offunds in			455,021	83,750	538,771	353,103
year
Reconciliation offunds:
Total funds brought	forward		921,230	18,750	939,980	586,877
Total funds carried	forward		1,376,251	83,750	1,478,751	939,980

AS AT	31AUGUST 2021
	Notes	2021	2020
		E	E
Fixed Assets
Tangible assets	11	923,926	724,692
Investments	12	125,000	125,000
		1,048,926	849,692
Current Assets
Debtors	13	26,087	20,634
Cash at bank		788,570	794,775
		814,657	815,409
Creditors
Amounts due within one year	14	(88,582)	(383,871)
Net Current Assets		726,075	431,538
Total Assets less current liabilities		1,775,001	1,281,230
Creditors
Amounts falling due after more than one year	15	(296,250)	(341,250)
Total Net Assets		1,478,751	939,980
The Funds ofthe Charity
Restricted income funds	19	102,500	18,750
Linrestricted income funds	18	1,376,251	921,230
Total Funds		1,478,751	939,980

				Notes	2021	2020
					E	E
Cash used in operating activities				21	319,104	582,104
Cash flows from investing	activities
Interest received						420
Proceeds from the sale of	fixed assets					2,760
Purchase offixed assets					(280,311)	(122,003)
Proceeds from the sale of	investments					4,003
Purchase ofinvestments
Cash provided by investing	activities				(280,309)	(114,820)
Cash flows from financing	activities
New loans in year
Loan repayments in year					(45,000)	(45,000)
Capital repayments in year
					(45,000)	(45,000)
Increase / (Decrease) in cash and cash equivalents			in the year		(6,205)	422,284
Cash and cash equivalents	atthe beginning	ofthe	year		794,775	372,491
Total cash and cash equivalents at the end		ofthe	year		788,570	794,775

t of fixed assets, less their estim ases:	ated residual value
Freehold property	-2%on cost
Improvement to property	-10%on cost
Fixtures and fittings	-25%on cost
Motor vehicles	-25%on cost
Computer equipment	-25%on cost

2.Donations	and Legacies
		2021	2020
		f	f
Donations		114,917	31,822
Gift Aid		1,190
		116,107	31,822
3.Income from charitable activities
		2021	2020
		f	f
School		2,077,860	1,751,086
4.Other income
		2021	2020
		f	f
Fundraising events		1,741
5.Investment	income
		2021	2020
		f	f
Deposit account interest			420
6.Direct costs
		2021	2020
		f	f
Green room	materials	23,374	22,749
Tutors and class leaders		724,914	654,007
School meals		16,113	12,581
Green room	trips &activities	15,945	2,913
Social security		60,690	55,538
Pension costs		63,941	61,702
		904,977	809,490

.Support costs
			2021	2020
			E	E
Rent			75,560	64,960
Rates and water			5,113	5,862
Insurance			10,794	(1,567)
Light and heat			7,031	10,971
Telephone			5,358	4,222
Printing, postage and stationery			5,711	3,445
Sundry expenses			1,378	667
Premises expenses			21,664	26,405
Software, training		&resources	8,079	11,028
Consultancy			20,159	21,798
Travel			4,526	1,560
Accountancy and		bookkeeping	2,455	5,188
Motor expenses			7,581	6,273
Fund raising expenses				143
Staff &student	welfare		3,077	6,460
Donations				22,935
Administration	expenses		484,334	407,149
Vehicle leasing			6,971	17,451
Depreciation			81,077	41,026
(Profit)/loss on	disposal ofassets		(160)	(35,235)
Equipment leasing			1,093	3,695
Bank Charges			161	102
			751,962	624,538

et income/(expen	diture) is stated after charging/(crediting)	:
		2021	2020
		E	E
Depreciation		81,077	41,026
Other operating	leases	6,972	64,960
(Surplus)/deficit	on disposal offixed		(35,235)
assets

he avera	ge mont	hly number ofemployees during	the year was:
			2021	2020
			No	No
Average	number	ofstaff	33	31

14.Credit	ors-A	mounts	Falling Due Within One Year
				2021	2020
				f	f
Otherloans				45,000	45,000
Finance leases
Trade creditors				7,214	23,438
Social security		and other	taxes	30,873	24,267
Other creditors					1,600
Fees received		in advance			283,043
Accrued	expenses			5,495	6,523
				88,582	383,871
15.Creditors —Amounts			Falling Due After More Than One Year
				2021	2020
				E	E
Other loans (note 16)				296,250	341,250
				296,250	341,250
16.Loans
				2021	2020
				E	E
Amounts	failings due within one year:
Mortgage				45,000	45,000
Amounts	falling due between one and two years:
Mortgage				45,000	45,000
Amounts	falling due between two and five years;
Mortgage				135,000	135,000
Amounts	falling due in more than five years:
Mortgage				116,500	161,500

		2021	2020
		E	E
Net income for the Activities)	year (as per the Statement of Financial	538,771	353,103
Add back depreciation charge		81,077	41,026
(Gains)/loss on investments			(3,803)
(Profit/loss on disposal offixed asset)			(35,235)
Interest received		(2)	(420)
Interest element of	finance lease rental
Finance lease rental	written off		12,365
Decrease/(Increase)	in debtors	(5,453)	24,549
Increase/(decrease)	in creditors	(295,289)	190,519
Net cash used in operating activities		319,104	582,104