| Report ofthe Trustees | 1-7 | |
|---|---|---|
| Report ofthe Governors | S-15 | |
| Report ofthe Independent | Auditors | 16-18 |
| Statement ofFinancial Activities | 19-20 | |
| Salance Sheet | 21-22 | |
| Statement ofCash Flows | 23 | |
| Notes to the Financial Statements | 24-50 |
| REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | DETAILS | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Charity | name | Coleg Llanymddyfrl | ||||||||||
| Company | registration | number | 08133485 | |||||||||
| Charity | registration | number | 1149946 | |||||||||
| Linked cbonties:- | ||||||||||||
| 1149946-1-Llandovery | College fl'homas | Phillips | Foundation) | Trust | ||||||||
| 1149946-3—Llandovery | College Prize R | Scholarship | Fund | |||||||||
| 1149946-2—Coleg Uanymddyfri | (Cymru) | |||||||||||
| Registered office | The Bursary | |||||||||||
| Llandovery College |
||||||||||||
| Queensway | ||||||||||||
| Llandovery | ||||||||||||
| Carmarthanshire | ||||||||||||
| SA20 OEE | ||||||||||||
| Directors/trustees | Mr JTGravell | |||||||||||
| Mr D RRees-Evans | ||||||||||||
| Mrs R EWilliams | ||||||||||||
| Mr D H Jones | ||||||||||||
| Mr G Stroud | ||||||||||||
| Company | Secretary | Mr JTGravell | ||||||||||
| Principal | bankers | NatWest Bank |
||||||||||
| Uandovery Branch |
||||||||||||
| 59Rhosmaen Street | ||||||||||||
| Llandeilo | ||||||||||||
| Dyfed | ||||||||||||
| SA196HB | ||||||||||||
| Auditors | Azets Audit Services | |||||||||||
| Chartered Accountants |
&Statutory | Auditors | ||||||||||
| Ty Drew | ||||||||||||
| Lime Tree Court | ||||||||||||
| Cardiff Gate Business Park | ||||||||||||
| Cardiff | ||||||||||||
| CF23 BAB | ||||||||||||
| Legal advisors | Stone King | Morgan LaRoche | ||||||||||
| 13Queen Square | Bay House | |||||||||||
| Bath | Tawe | Business Village | ||||||||||
| BA12HJ | Swansea Enterprise | Park | ||||||||||
| Swansea | ||||||||||||
| West | Glamorgan | |||||||||||
| SA7 9LA |
| Financial | Results | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Academic | Roll | 233 | 231 |
| Average | Net Fee Income | E13,508 | f13,242 |
| Recurring | EBITDA* | -E211,319 | -E301,475 |
| FO | R THE YEA | R ENDED31AUG | UST 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||
| Unrestricted | Restdicted | funds | funds | |||||
| Note | funds | funds | 2021 | 2020 | ||||
| E | E | E | E | |||||
| Income and endowments | from: | |||||||
| Charitable | activities | 4 | 12,000 | l2,$IO | 12000 | |||
| Total Income ond | endowments | 12,000 | 12,000 | 12,000 | ||||
| Expenditure | on: | |||||||
| Charitable | activities | 6 | 712,000 | 712,000 | 112,000 | |||
| Total expendi turn |
712,000 | 712,000 | 112,000 | |||||
| Net movementin | funds | (700400) | (700,000) | (100,000) | ||||
| Recondliation of |
Funds | |||||||
| Total funds | brought forward | 22 | SEED | B62,430 | 962,430 | |||
| Totalfunds | canied forward | 24 | 162330 | 162,430 | 362,430 |
| Note | 2021f | 2020 f |
||
|---|---|---|---|---|
| Net cash provided by operating activities |
29 | 374475 | (602,407) | |
| Cosiijkeejrom investing oclivitiesi | ||||
| Dividends, interest and rents from investments |
24 | 218 | ||
| Purchase ofproperty plant and equipment |
(36$,60$) | (95,059) | ||
| Net cash used In investing activities | (36$,579) | (94,841) | ||
| Cosh jfows jrom jilnancfng activities: | ||||
| Repayments ofborrowing |
(27,469) | (9,042) | ||
| Cash inflows from new borrowing Net cash provided by (used In)financing activities |
4$&577 350,000 16,103340,958 |
|||
| Change In cash and cash equivalents Inthe reporting |
period | 27,099 | (356,290) | |
| Cash and cash equivalents at the beginning ofthe reporting | ||||
| period | 915,593 | 1,271&883 | ||
| Cash and cash equivalents at the end ofthe reporting |
period | 29 | 942,692 | 915,593 |
| Property | -not depreciated and revalued |
-not depreciated and revalued |
by | trustees on an annual | basis |
|---|---|---|---|---|---|
| Property improvements | -2%straight | line | |||
| Sports facilities | -20%straight | line | |||
| Motor vehicles | -20%straight | line | |||
| Fixtures and fittings | -20%straight | line | |||
| Works ofart | -not depreciated and are reviewed |
annually for impairment |
| Unrestricted | Restricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| ~Grou | funds f |
funds E |
2021 E |
2020 E |
|||||
| Donations | and gifts | 6,041 | 2~790 | 268,8$1 | 10,053 | ||||
| Legacies | 55v45$ | SOS | |||||||
| Grant Income | 680 | 360,140 | 360,820 | 219,287 | |||||
| 62,174 | 622,9$0 | 685,104 | 229,340 | ||||||
| 4. | INCOME FROM CHARITABLE ACTIVITIES | ||||||||
| Unrestricted | Restriciad | Total | Total | ||||||
| funds | funds | 2021 | 2020 | ||||||
| ~Grou | E | 6 | E | E | |||||
| Fees and other fees | receivable | $,147,49S | $,147,49$ | 3,058,950 | |||||
| Registration fees | $99 | 399 | 1,145 | ||||||
| Transport | recoveries | 67,066 | 67/$6 | ||||||
| Catering recoveries, | trips and other | 20,8$3 | 20A3$ | 18,940 | |||||
| $,2$5,791 | 3235791 | 3079035 | |||||||
| Total | Total | ||||||||
| 2021 | 2020 | ||||||||
| Fees receivable consist | of: | E | E | ||||||
| Gross fees | 4,549,182 | 4,606,351 | |||||||
| Less:total | scholarships, | bursaries | and | remissions | (1801,689) | (1,547,401) | |||
| S,147,493 | 3,058,950 | ||||||||
| Gross fees receivable | may be analysed | by the following: | |||||||
| Boarders | 2,480,698 | 2,354,281 | |||||||
| Day pupils | 1,906,236 | 2,019,126 | |||||||
| Music and drama tuition Other fee income |
17,972 144,276 |
20,298 212,646 |
|||||||
| 4,549,182 | 4,606,351 | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| ~Chsri | funds | fundsf | 2021 6 |
2020 E |
|||||
| Licences | 12,000 | 12,000 | 12,000 | ||||||
| 12,000 | 12,000 | 12,000 |
| INCOME FROM INVESTMENTS | INCOME FROM INVESTMENTS | INCOME FROM INVESTMENTS | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| ~Grou | fundsf | funds | 2021f | 2020 f |
||||
| Bank interest | 24 | 218 | ||||||
| 24 | 24 | 218 | ||||||
| EXPENDITURE ON CHARITABLE | ACTIVITIES | |||||||
| Total | Total | |||||||
| Garou | Staff costsf | Other f |
Depreciation f |
2021 f |
2020 f |
|||
| Charitable | activities | |||||||
| School activities: | ||||||||
| Teaching | 1,7&6,553 | 62,055 | 1,848,608 | 1,793A11 | ||||
| Welfare | 466,127 | 466,127 | 392,985 | |||||
| Premises | 38$,051 | 383,051 | 360,508 | |||||
| Support | costs | 729,719 | 447,034 | 86,281 | 1,26$,034 | 1,150,651 | ||
| Trading companies | 102&692 | 102,692 | 208,497 | |||||
| Governance | costs | 20,880 | 20,880 | 30,518 | ||||
| 2,516,272 | 1,481,839 | 86,281 | 4,084,392 | 3,936,570 | ||||
| ~Chari | ||||||||
| Charitable | activities | |||||||
| Donation | 12,000 | 12,000 | 112,000 | |||||
| Provision | 700,000 | 700,000 | ||||||
| 712,000 | 712,000 | 112,000 | ||||||
| Total | Total | |||||||
| Support costs forthe group consist ofthe | following: | 2021f | 2020 f |
|||||
| Wages | 729,719 | 683,738 | ||||||
| Telephone | 16g70 | 20,037 | ||||||
| Marketing | 5,576 | 13,624 | ||||||
| Licenses and | insurance | 11$,606 | 90,562 | |||||
| Printing and |
oflice | 72,007 | 72,084 | |||||
| Travel and | entertainment | $9 | 3,622 | |||||
| Professional | fees | 75,548 | 132,631 | |||||
| Bad debts | 1$7,52S | 50,391 | ||||||
| Finance charges | 24,007 | 427 | ||||||
| Depreciation | 86,281 | 77,873 | ||||||
| Sundries | 501 | 5,662 | ||||||
| Profit on disposal offixed asset | 1,755 | |||||||
| 1,26$,0$4 | 1,150,651 |
| FORTHEYEAR ENDED | FORTHEYEAR ENDED | 31AUGUST | 202 | 1 | ||||
|---|---|---|---|---|---|---|---|---|
| 7. | FEESFOR EXAMINATION | OFTHE ACCOUNTS | ||||||
| Total | Total | |||||||
| 2021 | 2020 | |||||||
| ~Grou | E | E | ||||||
| Auditors fees | 19,680 | 21,990 | ||||||
| 19,680 | 21,990 | |||||||
| 8. | STAFF COSTSAND EMOLUNIENTS | |||||||
| Total | Total | |||||||
| 2021 | 2020 | |||||||
| E | f | |||||||
| Total staff costs comprised: | ||||||||
| Wages and salaries | 2,053,200 | 1,923,159 | ||||||
| Social security costs | 175I541 | 164,745 | ||||||
| Pension contributions | 281,995 | 265,820 | ||||||
| Redundancy costs |
5,536 | 3,413 | ||||||
| 2,516,272 | 2,357,137 | |||||||
| The number ofemployees | whose emoluments | forthe year | fell within the following | bands were: | ||||
| Total | Total | |||||||
| 2021 | 2020 | |||||||
| No | No | |||||||
| In the band f90,000-f99,999 | 1 | |||||||
| In the band f100000-E109999 | 1 | |||||||
| The number ofhigher paid employees | to whom | retirement | benefits were accruing | isas | follows: | |||
| Total | Total | |||||||
| 2021 | 2020 | |||||||
| No | No | |||||||
| In the band f90,000-f99,999 | ||||||||
| In the band 5100,000 -f109,999 | ||||||||
| The employer's pension contributions |
for higher paid employees | were as follows: | ||||||
| Total | Total | |||||||
| 2021 8 |
2020f | |||||||
| In the band F90,000 - 599,999 | 18,996 | |||||||
| In the band f100,000-f109,999 | 1 |
| The average monthly number |
ofstaff employed during the ye |
ar was as follows: | ||
|---|---|---|---|---|
| Total | Total | |||
| 2021 | 2020 | |||
| No | No | |||
| Teaching staff | 61 | 61 | ||
| Support staff | 29 | 25 | ||
| 90 | 86 | |||
| 10. | NET INCOME/(EXPENDITURE) | FORTHE YEAR | ||
| Total | Total | |||
| G~rou | 2021 | 2020 | ||
| E | E | |||
| This is stated after charging: | ||||
| Staff pension contributions | 281,995 | 265,820 | ||
| Depreciation | 91,$81 | 89,708 | ||
| Auditors remuneration: |
||||
| Audit offinancial statements | 19,680 | 21,990 |
| Property | Fixtures | ||||||
|---|---|---|---|---|---|---|---|
| Land and | impnsve- | Works | Plant and | and | Motor | ||
| propertyf | mentsf | ofartf | machineryf | fittings | vehiclesf | Totalf | |
| Cost | |||||||
| At 1September 2020 | 5,165,000 | 601~ | 100,000 | 216ri13 | 557,$21 | 36,990 | 6,677328 |
| Additions Disposals At31August 2021 |
5,165,000 | 274869 875i97$200i000 |
64,461 282+74 |
24,173 (5416) 576&78 |
36i990 | 36$,60$ ~5,RI6) 7i035i815 |
|
| Depreciation | |||||||
| At 1September 2020 | 53,972 | 17$,750 | 412,721 | $6,990 | 677+$3 | ||
| Charge forthe year | 16,281 | 22,235 | 52,865 | 91,$81 | |||
| Disposals | ~1~,2aa | (3,260) | |||||
| At31August 2021 | 70,25$ | 195,985 | 462,$26 | $6,990 | 765,554 | ||
| Net book values | |||||||
| At31August 2021 | 5,165,000 | 805,720 | 100,000 | 85,$89 | 114,152 | 6,270,261 | |
| At $1August 2020 | 5,165,000 | 547,032 | 100,000 | 43,163 | 144,600 | 5,999,795 |
| A summary ofthe results is shown below: | ||
|---|---|---|
| 2021 | 2020 | |
| E | f | |
| Summary Profit and loss Account: |
||
| Income | ||
| Results for the year | ||
| Summary Ralance Sheet: |
||
| Total assets Amounts falling due within one year Total assets less Ilablgtles |
50,009 ~1) 50,008 |
50,008 50,007 |
| Capital and reserves | ||
| Called up share capital | 1 | 1 |
| Profit and loss reserves | 50,007 | 50,006 |
| Total equity | 50,008 | 50,007 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 6 | E | ||||
| Summary Income and |
Expenditure | Account: | |||
| Income | &0,278 | 80,965 | |||
| Cost ofsales | {7,705) | (5,033) | |||
| Administrative expenses |
(95,991) | (145,037) | |||
| Operating profit |
(23,418) | (69,105) | |||
| Covenant to Coleg Llanymddyfri | |||||
| Other income | 8,772 | 49,510 | |||
| Results forthe year | (14,646) | (19,595) | |||
| Statement ofchanges | in Equity | ||||
| Balance brought forward | (23,545) | (3,950) | |||
| Profit and total comprehensive | income forthe pediod | (14,646) | (19,595) | ||
| Distributions to parent |
charity under gift aid | ||||
| Balance carried forward | (38,191) | (23,545) | |||
| Summary Balance Sheet: |
|||||
| Total assets | 77491 | 73,408 | |||
| Amounts falling due within one |
year | (115,782) | (96,953) | ||
| Net assets | {S8,191) | (23,545) | |||
| Capital and resenies | |||||
| Profit and loss reserves | (38,191) | (23,545) | |||
| Total equity | (38,191) | (23,545) |
| 2021 | 2020 | ||
|---|---|---|---|
| E | E | ||
| Summary Profit and loss Account: |
|||
| Income | 81,720 | 52,214 | |
| Cost ofsales | (52,986) | (44,765) | |
| Administrative expenses |
(18,00S) | ~28662 | |
| Operating profit |
10,731 | (6,213) | |
| Covenant to Coleg Llanymddyfii | |||
| Result forthe year | 16,731 | (6,213 | |
| Statement ofchanges in Equity | |||
| Balance brought forward | (6,898) | (685) | |
| Profit and totalcomprehensive | income forthe period | 10,731 | (6,213) |
| Distributions to parent chadity under gift aid |
|||
| Balance card(ed forward | 3,833 | (6,898) | |
| Summary Balance Sheen | |||
| Total assets | 102,527 | 65,254 | |
| Amounts falling due within one year Total assets less current liabgides |
~98.694( 6,635 |
~(72,152 ~6,898 |
|
| Capital and reserves | |||
| Called up share capital | 1 | 1 | |
| Profit and loss reserves | 3,832 | (6,899) | |
| Total equity | ~(6,893 |
| summary ofthe results are shown |
below: | ||
|---|---|---|---|
| 2021f | 2020 | ||
| Summary Income and Expenditure |
Account: | ||
| Total income | S,992,919 | 3,420,191 | |
| Total expenditure | (5,981,700) | (3,799,966) | |
| Net expenditure | 11,219 | (379,775) | |
| Summary Balance Sheet: |
|||
| Total assets | 1,766,885 | 1,885,521 | |
| Total liabilities | ~(a.855,152 | (3,985,607) | |
| Net liabilities | (2,088,867) | (2,100,086) | |
| The funds ofthe charity: | |||
| Unrestricted funds carried forward |
(2,351,296) | (2,100,086) | |
| Restricted fund carried forward |
26~29 | ||
| Total charity funds | (2,088467) | (2,100,086) |
| summary of |
the results are shown | below: | ||
|---|---|---|---|---|
| 2021 f |
2020f | |||
| Summary Income and Expenditure |
Account: | |||
| Total income | 60,000 | 160,000 | ||
| Totalexpenditure | (60,008) | (149,217) | ||
| Netincome | (8) | 10,783 | ||
| Summary Balance Sheet: |
||||
| Total assets | 6i357,089 | 6,507,097 | ||
| Total liabilities | (150,000) | |||
| Net assets | 6,357,089 | 6,357,097 | ||
| The funds of | the charity: | |||
| Unrestricted | funds: | |||
| Fixed assets | reserve | 5,215,000 | 5,215,000 | |
| General reserves | 1,142,089 | 1,142,097 | ||
| Total charity | funds | 6,357,089 | 6,357,097 |
| A summary ofthe results are shown |
below: | ||
|---|---|---|---|
| 2021f | 2020f | ||
| Summary Income and Expenditure |
Account: | ||
| Total income | |||
| Total expenditure | |||
| Net expenditure | |||
| Summary Balance Sheet |
|||
| Tota!assets | 103,905 | 103,905 | |
| Net assets | 103,905 | 103,905 | |
| The funds ofthe charity: | |||
| Unrestricted funds carried forward |
105,90S | 103,905 |
| FORTHEY | EAR ENDED 31AUG | UST 2021 | |||
|---|---|---|---|---|---|
| 13. | STOCKS | ||||
| Total | Total | ||||
| Group | 2021f | 2020f | |||
| Goods for resale | 54,069 | 48,869 | |||
| 14. | DEBTORS | ||||
| Group | Charity | Group | Charity | ||
| Total | Total | Total | Total | ||
| 2021 f |
2021f | 2020 E |
2020f | ||
| Trade debtors | 10,236 | 433,394 | |||
| Balances due from group | |||||
| undertakings | 141,860 | 841,860 | |||
| Other debtors | SO~94 | 54,144 | |||
| 40,730 | 141,860 | 487,538 | 841,860 | ||
| 15. | CASH AT BANK AND IN HAND | ||||
| Group | Charity | Group | Charity | ||
| Total | Total | Total | Total | ||
| 2021 f |
2021 f |
2020f | 2020f | ||
| Cash at bank and In hand | 942,692 | 20,575 | 915,593 | 20,575 | |
| 942,692 | 20,575 | 915,593 | 20,575 |
| 16. | CREDITORS: AMOUNTS | FAWNG DUE WI | THIN ONE YEAR | |||
|---|---|---|---|---|---|---|
| Group | Charity | Group | Charity | |||
| Total | Total | Total | Total | |||
| 2021 | 2021 | 2020 | 2020 | |||
| E | E | E | E | |||
| Creditors | 188,276 | 121,136 | ||||
| Other creditors | 142,18$ | 245,307 | ||||
| Social security and other taxes | 84W2 | 79,456 | ||||
| Accruals | 1$4,11$ | 74,024 | ||||
| Deferred income | 1,104,972 | 1,301,496 | ||||
| Hire purchase | 12,696 | 8,231 | ||||
| Loans | 78,924 | 25,770 | ||||
| Balance due to group | undertakings | |||||
| 1,745,596 | 1,855,420 | |||||
| 17. | CREDITORS: AMOUNTS | FALUNG DUE AFTER MORE THAN ONE YEAR |
| Group | Charity | Group | Charity | ||
|---|---|---|---|---|---|
| Total | Total | Total | Total | ||
| 2021 | 2021 | 2020 | 2020 | ||
| E | E | E | E | ||
| Loans | 275,0$0 | 347,215 | |||
| Deferred | income | ||||
| Hire purchase | 40,815 | 10,147 | |||
| 315,845 | 357,362 |
| he move | ment i |
n deferred income in |
the year can be seen bel | ow: | |
|---|---|---|---|---|---|
| Total | Total | ||||
| 2021 | 2020 | ||||
| E | E | ||||
| Balance | at the start ofthe reporting | pedod | 1,301,496 | 1,042,073 | |
| Amounts | added | in the current period | 2,950,969 | 3,038,116 | |
| Amounts | released to income from previous periods | (SS147,49R | J22778693 | ||
| Balance | atthe | end ofthe reporting | period | 1,104,972 | 1,301,496 |
| Advance | fees | Final term | deposits | ||
|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||
| E | E | ||||
| Within | 1year | 981,227 | 1,224,S36 | 123,745 | 76,660 |
| 981,227 | 1,224,836 | 123,745 | 76,660 |
| The balance | outstanding | on loans at31August 2021 isf372,9 | 85(2020:32,120). | ||
|---|---|---|---|---|---|
| The amount | repayable | on the loan isasfollows: | |||
| Total | Total | ||||
| 2021f | 2020 E |
||||
| Repayable | within one | year | 78il24 | 25,770 | |
| Repayable | between two and five years | 275,0$0 | 347,215 | ||
| $5$,954 | 372,985 | ||||
| 20. | HIRE PURCHASE CONTRACTS | ||||
| Total | Total | ||||
| 2021 | 2020 | ||||
| f | |||||
| Repayable | within 1year | 12,696 | 8,231 | ||
| Repayable | between 2 | and 5years | 40,815 | 10,147 | |
| 53,511 | 18,378 |
| Land and | buildings | Other | Motor | vehicles | |||
|---|---|---|---|---|---|---|---|
| 2021 f |
2020 f |
2021f | 2020 f |
2021 | 2020 | ||
| Within | 1year | 60,000 | 60,000 | 16,689 | 35,657 | 5,157 | 5,602 |
| Within | 2-5years | 46,869 | 5,157 | ||||
| 60,000 | 60,000 | 16,689 | 82,526 | 5,157 | 10,759 |
| Balance at 1 | Balance at | ||||
|---|---|---|---|---|---|
| September | Galas/ | $1August | |||
| ~Grou | 2020f | Income f |
Expendituref | (losses) f |
2021 f |
| General funds | 5,242,920 | L468,760 | ~(L72$,e91 | 4,987,789 | |
| 5,242,920 | 3868,760 | ($,723,891) | - | 4,987,789 | |
| ~harl | |||||
| General funds | 862,430 | 12,000 | (712,000) | 162,430 | |
| 862,430 | 12,000 | (712,000) | 162,430 | ||
| ~revi ~Br | |||||
| ~Grou | Balance at 1 September 2019 f |
Income f |
Expenditure f |
Gains/ (losses)f |
Balance at 31 August 2020 |
| General funds | 5,737,71$ | 3,271,995 | (3,766,793) | 5,242,920 | |
| 5,737,718 | 3,271,995 | (3,766,398)2,485 | 5,282(92I283) | ||
| ~Chari | |||||
| General funds | 962,430 | 12,000 | (112,000) | $62,430 | |
| 962,43D | 12,000 | (112,000) | 862,430 |
| RESTRICTED FUNDS | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | Balance at | ||||||
| 1September | 31August | ||||||
| 2020 f |
Income f |
Expenditure f |
2021f | ||||
| Job Retention Support Car Park |
Grant | 360,140 292,799 |
(360,140) ~8$I3 |
283P29 | |||
| 622,930 | (360,501) | 262+29 | |||||
| Iob Retention Support Grant —was provided by the UK Government the COVID 19pandemic by contributing to salary costs for furloughed |
to support the charity during staff. |
||||||
| Carpark- Donation was received to | restore the car park. Fund is released | in line with | depreciation. | ||||
| ~yggr~sear | |||||||
| Balance at | Balance at | ||||||
| 1 | September | 31August | |||||
| 2019 | Income | Expenditure | 2020 | ||||
| ~Grou | E | f | f | f | |||
| Job Retention Support | Grant | 169,777 | (169,777) | ||||
| 169,777 | (169,777) | ||||||
| ANALYSIS OF NET ASSETSBETWEEN | FUNDS | ||||||
| Group | Charity | ||||||
| Unrestricted | Restricted | Unrestricted | |||||
| fundsf | fundsf | Total | fundsf | ||||
| Fixed assets | 6,007,832 | 6,270,261 | |||||
| Fixed assets Investments | 3,907 | 3,907 | 2 | ||||
| Net current (liabilities)/assets | (708,105) | (708,105) | 162,428 | ||||
| Long term liabilities | ~[315,845 | (315,845) | |||||
| Total net assets | 4,987,789 | 262,429 | 5,250,218 | 162,430 | |||
| Group | Charity | ||||||
| Unrestricted | Restricted | Unrestricted | |||||
| funds | funds | Total | funds | ||||
| f | f | f | |||||
| Fixed assets | 5,999,795 | 5,999,795 | |||||
| Fixed assets investments | 3,907 | 3,907 | 2 | ||||
| Net current (liabilities)/assets Long term liabilities |
(403,420) (357,362) |
(403,420) ~357.332I |
862,428 | ||||
| Total net assets | 5,242,920 | 5,242,920 | 862,430 |
| ~Grou | 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| E | |||||||||
| Net Income/(expenditure) forthe reporting |
period | (as per the | |||||||
| Statement ofFinancial Activities) | 7,298 | (494,798) | |||||||
| Adjustments for: | |||||||||
| Depreciation charges |
91381 | 89,802 | |||||||
| Dividends, interest |
and rents from investments | (24) | (218) | ||||||
| Loss/(profit) on sale |
offixed assets | +755 | |||||||
| (Increase)/decrease | in stocks | (5400) | 8,202 | ||||||
| (Increase)/decrease | in debtors | 446,808 | (213,105) | ||||||
| Increase/(decrease) | in creditors | (167/43) | 7,710 | ||||||
| Net cash provided | by/(used in) operating activities |
374,575 | (602,407) | ||||||
| Analysis ofCash and | Cash Equivalents | ||||||||
| Cash in hand | 942692 | 915593 | |||||||
| Total Cash and Cash | Equivalents | 942,692 | 915,593 | ||||||
| Anal slsofcha es |
in net funds | ||||||||
| New | Other | ealance | |||||||
| Opening | finance | Interest | non-cash | carried | |||||
| balance | Cash-flows | leases | changes | changes | forward | ||||
| E | E | E | E | 6 | |||||
| Cash | 915,592 | 27,100 | 942,692 | ||||||
| Loans | falling due within | ||||||||
| one year | (25,770) | 35,361 | (S,683) | (84,832) | (78,924) | ||||
| Bank | loans falling due after | ||||||||
| more | than one year | (347,215) | 72,185 | (275,030) | |||||
| Finance lease obligations | (18,378) | 13,819 | (43,572) | (5,380) | (53,511) | ||||
| Total | 524,229 | 76,280 | (43,572) | (9,063) | (12,467) | 535,227 |
| Total | ||||
|---|---|---|---|---|
| Unrestricted | Restdcted | funds | ||
| ~Grou | funds f |
funds f |
2020 f |
|
| Income and endowments | from: | |||
| Donations and legacies | 59,563 | 169,777 | 229,340 | |
| Charitable activities |
3,079,035 | 3,079,035 | ||
| Investments | 218 | 218 | ||
| Trading company income |
133,179 | 133,179 | ||
| Totalincome ond endowments | 3,271,995 | 169,777 | 3,441,772 | |
| Expenditure on: | ||||
| Charitable activities |
3,766,793 | 169,777 | 3,936,570 | |
| Total expenditure | 3,766,793 | 169,777 | 3,936,570 | |
| iyet income/(expenditure] | (494,798) | (494,798) | ||
| Recondliatlon af Funds |
||||
| Total funds brought forward | 5,737,718 | 5,737,718 | ||
| Totalfunds confed forwonf | 5,242,925 | . | 5,242,929 | |
| Total | ||||
| Unrestricted | Restricted | funds | ||
| Ca | funds | funds | 2020 | |
| f | f | f | ||
| Income and endowments | from: | |||
| Donations and legacies | ||||
| Charitable activities |
12,000 | 12,000 | ||
| Total income and endowments | 12,000 | 12,000 | ||
| Expenditure on: |
||||
| Charitable activities |
112,000 | 112,000 | ||
| Total expenditure | 112,000 | 112,000 | ||
| Net movement infunds |
(100,000) | (100,000) | ||
| Recondliation ofFunds | ||||
| Total funds brought forward | 962,430 | 962,430 | ||
| Totalfunds carried forward | 862,430 | 862,430 |