2022-03-31-accounts - London School Of Mosaic

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Pages
Trustees' Annual Report			2to 9
Independent Examiner's Report			10
Statement of Financial Activities
Summary Income and Expenditure		Account	12
Balance Sheet			13
Notes to the Accounts			14to 21
Detailed Statement of Financial	Activities		22 to 23

Statement o for the year	f Financial Activit ended 31March	ies 2022
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
			2022	2022	2022	2021
		Notes	E	f
Income and	endowments
from:
Donations	and legacies			1,649	1,649	12,578
Charitable	activities		117,448		117,448	30,908
Other trading activities			86,620		86,620	62,883
Investments			9		9	11
Other			32,998	278,253	311,251	173,317
Total			237,075	279,902	516,977	279,697
Expenditure	on:
Charitable	activities		172,113		172,113	56,633
Other			255,188		255,188	177,100
Total			427,301		427,301	233,733
Net gains on	investments
Net income		10	(190,226)	279,902	89,676	45,964
Transfers between funds
Net income before other gains/(losses)			(190,226)	279,902	89,676	45,964
Other gains and losses
Net movement in funds			(190,226)	279,902	89,676	45,964
Reconciliation offunds:
Total funds brought forward			(269,704)		(269,704)	(315,668)
Total funds carried forward			(459,930)	279,902	(180,028)	(269,704)

			2022	2021
				f
Income			516,968	279,686
Interest and	investment	income
Gross income for the year			516,977	279,697
Expenditure			397,141	220,405
Interest payable			21,828	5,457
Depreciation	and charges	for
impairment	offixed assets		8,332	7,871
Total expenditure for the year			427,301	233,733
Net income	before tax for the year		89,676	45,964
Net income	for the year		89,676	45,964

at 31March 2022
Company No.	08364263				Notes	2022	2021
						6
Fixed assets
Tangible assets					12	28,450	33,711
						28,450	33,711
Current assets
Debtors					13	25,763	10,061
Cash at bank and		in	hand			138,957	72,404
						164,720	82,465
Creditors: Amount	falling due within			one year	14	(17,928)	(19,696)
Net current assets						146,792	62,769
Total assets less current			liabilities			175,242	96,480
Creditors: Amounts		falling due after		more than one year	15	(355,270)	(366,184)
Net liabilities excluding			pension asset or liability			(180,028)	(269,704)
Total net liabilities						(180,028)	(269,704)
The funds ofthe charity
Restricted funds					16
Restricted income funds						279,902
						279,902
Unrestricted funds					16
General funds						(547,076)	(270,230)
Designated funds						87,146	526
						(459,930)	(269,704)
Reserves					16
Total funds						(180,028)	(269,704)

Fund accoun	ting
Unrestricted	funds	These are available for use at the discretion ofthe trustees		in furtherance	of	the
		general objects ofthe charity.
Designated	funds	These are unrestricted funds earmarked by the trustees	for particular purposes.
Revaluation	funds	These are unrestricted funds which include a revaluation	reserve representing			the
		restatement of investment assets at their market values.
Restricted funds		These are available for use subject to restrictions imposed		by the donor or	through
		terms of an appeal.
Income
Recognition	of	Income is included in the Statement of Financial Activities		(SoFA) when the	charity
income		becomes entitled to, and virtually certain to receive, the	income and the amount				of
		the income can be measured with sufficient reliability.
Income with	related	Where income has related expenditure the income and	related expenditure			is
expenditure		reported gross in the SoFA.
Donations and		Voluntary income received by way of grants, donations and gifts is included			in the
legacies		the SoFA when receivable and only when the Charity has		unconditional
		entitlement to the income.
Tax reclaims	on	Income from tax reclaims is included in the SoFA at the same time as the
donations and gifts		gift/donation to which it relates.
Donated services		These are only included in income (with an equivalent amount in expenditure)
and facilities		where the benefit to the Charity is reasonably quantifiable,		measurable and
		material.
Volunteer help		The value of any volunteer help received is not included	in	the accounts.
Investment	income	This is included in the accounts when receivable.
Gains/(losses) on		This includes any gain or loss resulting from revaluing investments to market				value
revaluation	offixed	at the end ofthe year.
assets
Gains/(losses) on		This includes any gain or loss on the sale of investments.
investment	assets

Restricted	Total	Total
	2022	2021
1,649	1,649	12,578
1,649	1,649	12,578

	Donated goods, facilities	Donated goods, facilities	Donated goods, facilities	and services received
						Total	Total
						2022	2021
						6	f
	Donations	and gifts				1,649	12,578
	Grant from Institutions					267,146	99,224
	Job retention		scheme grant			11,107	44,748
						279,902	156,550
4	Income from		charitable	activities
					Unrestricted	Total	Total
						2022	2021
						6	f
					117,448	117,448	30,908
					117,448	117,448	30,908
5	Income from		other trading activities
					Unrestricted	Total	Total
						2022	2021
					86,620	86,620	62,883
					86,620	86,620	62,883
	Job Retention		scheme grant
6	Income from		investments
					Unrestricted	Total	Total
						2022	2021
						9	11

7	Other inco	me
					Unrestricted	Restricted	Tota I	Total
							2022	2021
						11,107	11,107	44,748
						267,146	267,146	99,224
					32,998		32,998	29,345
					32,998	278,253	311,251	173,317
8	Expenditure	on charitable		activities
						Unrestricted	Total	Total
							2022	2021
	Expenditure	on charitable
	activities
						170,113	170,113	54,695
	Governance	costs
						2,000	2,000	1,938
						172,113	172,113	56,633
9	Other expenditure
						Unrestricted	Tata I	Total
							2022	2021
	Bank loan and overdraft
	interest payable					21,828	21,828	5,457
	Employee costs					124,530	124,530	98,227
	Motor and travel costs					2,210	2,210	171
	Premises costs					64,753	64,753	47,834
	Amortisation,	depreciation,
	impairment,	profit/loss	on			8,332	8,332	7,871
	disposal of fixed assets
	General administrative		costs			24,053	24,053	16,639
	Legal and professional		costs			9,482	9,482	901
						255,188	255,188	177,100
10	Net income	before transfers
						2022		2021
	This is stated	after charging:				f		f
	Depreciation	of owned	fixed	assets		8,332		7,871
	Independent	Examiner's	fee			2,000		1,938

11	Staff costs
					2022		2021
	Salaries and wages				114,447		86,892
	Social security		costs		4,628		2,216
	Pension costs				1,400		1,484
					120,475		90,592
	No employee		received emoluments	in excess off60,000.
12	Tangible fixed		assets
					Fixtures and
							Total
					fittings
	Cost or revaluation
	At 1April 2021					52,475	52,475
	Additions					3,071	3,071
	At 31March 2022					55,546	55,546
	Depreciation	and
	impairment
	At 1April 2021					18,764	18,764
	Depreciation	charge for the				8,332	8,332
	year
	At 31March 2022					27,096	27,096
	Net book values
	At 31March 2022					28,450	28,450
	At 31March 2021					33,711	33,711
13	Debtors
					2022		2021
					6
	Trade debtors				240
	Other debtors				25,523		10,061
					25,763		10,061
14	Creditors:
	amounts falling		due within one year
					2022		2021
					f		6
	Trade creditors						2,092
	Other creditors						9,315
	Accruals				17,928		8,289
					17,928		19,696
15	Creditors:
	amounts falling		due after more than	one year
					2022		2021
					6		f
	Otherloans				355,270		366,184
					355,270		366,184

16	Movement	in	f	unds
								Incoming
								resources		At 31
								(including	Resources	March
								other	expended	2022
						At	1April	gains/losses
							2021	)
								f
	Restricted funds:
	Restricted income funds:
								279,902		279,902
	Total							279,902		279,902
	Unrestricted	funds:
	General funds					(270,230)		150,455	(427,301)	(547,076)
	Designated	funds:
							526	86,620		87,146
	Total						526	86,620		87,146
	Total funds					(269,704)		516,977	(427,301)	(180,028)
17	Analysis of	net		assets between	funds
									Unrestricted
										Total
									funds
									f	f
	Fixed assets								28,450	28,450
	Net current	assets							146,792	146,792
	Creditors due		in more than one		year and				(355,270)	(355,270)
	provisions
									(180,028)	(180,028)
18	Reconciliation		ofnet debt
										At 31
								At 1April		March
								2021	Cash flows	2022
									f	f
	Cash and cash		equivalents					72,404	66,553	138,957
								72,404	66,553	138,957
	Borrowings							(366,184)	10,914	(355,270)
								(366,184)	10,914	(355,270)
	Net debt							(293,780)	77,467	(216,313)

	Annual co	mmitments under non-cancellable	operating leases are	as follows:
			2022	2022	2021	2021
			Land and		Land and
				Other		Other
			buildings		buildings
			f		f
	Operating	leases with expiry date:
	Pension commitments
				2022		2021
				f
	The pension cost charge to the company
	amounted	to:		1,400		1,484
20	Related party disclosures
	Controlling	party

						Unrestricte	Restricted
						d funds	funds	Total funds	Total funds
						2022	2022	2022	2021
						E	E	f	E
Income and			endowments		from:
Donations	and legacies
							1,649	1,649	12,578
							1,649	1,649	12,578
Charitable	activities
						117,448		117,448	30,908
						117,448		117,448	30,908
Other trading			activities
						86,620		86,620	62,883
						86,620		86,620	62,883
Investments
								9	11
								9	11
Other
							11,107	11,107	44,748
							267,146	267,146	99,224
						32,998		32,998	29,345
						32,998	278,253	311,251	173,317
Total income			and endowments			237,075	279,902	516,977	279,697
Expenditure			on:
Charitable	activities
						170,113		170,113	54,695
						170,113		170,113	54,695
Governance		costs
						2,000		2,000	1,938
						2,000		2,000	1,938
Total ofexpenditure activities				on charitable		172,113		172,113	56,633
Other expenditure
Bank loan		and overdraft			interest
payable						21,828		21,828	5,457
						21,828		21,828	5,457
Employee	costs
Salaries/wages						114,447		114,447	86,892
Employer's			NIC			4,628		4,628	2,216
Pension costs						1,400		1,400	1,484
Staff entertainment						1,719		1,719
Staff recruitment									7,175
Staff training						2,336		2,336	460

			124,530		124,530	98,227
Motor and travel	costs
Travel and subsistence			2,210		2,210	171
			2,210		2,210	171
Premises costs
Rent			60,430		60,430	44,654
Premises repairs maintenance	and		4,323		4,323	3,180
			64,753		64,753	47,834
General administrative		costs,
including depreciation		and
amortisation
Depreciation of Fixtures and
fittings
Depreciation of			8,332		8,332	7,871
Bad debts						7,000
Bank charges			140		140	151
Information and	publications		1,636		1,636	2,122
Software, ITsupport		and related	11,423		11,423	2,640
costs
Stationery and printing			1,871		1,871	372
Subscriptions			936		936	1,647
Sundry expenses			6,190		6,190	1,401
Telephone, fax and broadband			1,857		1,857	1,306
			32,385		32,385	24,510
Legal and professional		costs
Consultancy fees			7,280		7,280
Other legal and professional			2,202		2,202	901
costs
			9,482		9,482	901
Total ofexpenditure	of	other costs	255,188		255,188	177,100
Total expenditure			427,301		427,301	233,733
Net gains on investments
Net income			(190,226)	279,902	89,676	45,964
Net income before gains/(losses)	other		(190,226)	279,902	89,676	45,964
Other Gains
Net movement in funds			(190,226)	279,902	89,676	45,964
Reconciliation of funds:
Total funds brought	forward		(269,704)		(269,704)	(315,668)
Total funds carried	forward		(459,930)	279,902	(180,028)	(269,704)