2021-12-31-accounts - Greatest Expectations Limited

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			Page
Report ofthe Trustees		1	to	9
independent Examiner's	Report		10
Statement ofFinancial	Activities
Balance Sheet			12
Cash Flow Statement			13
Notes to the Cash Flow	Statement		14
Notes to the Financial Statements		15	to	20
Detailed Statement of Financial Activities			21

				31.12.21	31.12.20
		Unrestricted	Restricted	Total	Total
	Notes	funds	fund 6	funds f	fundsf
FIXEDASSETS
Tangible assets	11	6,076		6,076	7,501
CURRENT ASSETS
Cash at bank and in hand		221,695		221,695	177,459
CREDITORS
Amounts falling due within one year	12	(85,441)		(85,441)	(36,175)
NET CURRENT ASSETS		136,254		136,254	141,284
TOTAL ASSETSLESSCURRENT	LIABILITIES	142,330		142,330	148,785
NET ASSETS		142,330		142,330	148,785
FUNDS	13
Unrestricted funds				142,330	148,785
TOTAL FUNDS				142,330	148,785

			Notes	31.12.21 6	31.12.20 f
Cash flows from operating activities Cash generated from operations			1	44,808	(17,686)
Interest paid				(3)	(84)
Net cash provided by/(used		in) operating	activities	44,805	(17,770)
Cash flows from investing		activities
Purchase of tangible fixed assets				(569)	(6,622)
Net cash used in investing	activities			(569)	(6,622)
Change in cash and cash the reporting period		equivalents	in	44,236	(24,392)
Cash and cash equivalents beginning ofthe reporting		at the period		177,459	201,851
Cash and cash equivalents		at the end	of
the reporting period				221,695	177,459

	for the Year Ended 31	for the Year Ended 31	for the Year Ended 31	for the Year Ended 31	Decembe	r 2021
RECONCILIATION	OF NET (EXPENDITURE)/INCOME				TO NET	CASH FLOW	FROM OPERATING
ACTIVITIES
							31.12.21	31.12.20
							E		6
Net (expenditure)/income for the reporting Statement ofFinancial Activities)				period (as per the			(6,455)		21,113
Adjustments for: Depreciation charges Interest paid increase/(decrease)		in creditors					1,995 3 49,265		991 84 (39,874)
Net cash provided	by/(used in) operations						44,808		(17,686)
ANALYSIS OF CHANGES			IN NET FUNDS
						At 1.1.21	Cash flow	At	31.12.21
						6			6
Net cash
Cash at bank and	in	hand				177,459	44,236		221,695
						177,459	44,236		221,695
Total						177,459	44,236		221,695

CHARITABLE ACTIVITIES COSTS	CHARITABLE ACTIVITIES COSTS
		Direct	Support
		Costs (see	costs (see
		note 4) E	note 5) f	Totalsf
Provision ofeducation	and training	686,685	2,136	688,821
DIRECT COSTS OF CHARITABLE ACTIVITIES
			31.12.21	31.12.20
			F	8
Staff costs			348,229	200,486
Rent			57,525	62,009
Insurance			2,006	1,918
Motor expenses			597	1,587
Telephone Postage and stationery			5,595 3,151	4,566 3,399
Computer software Sundries			4,642 2,301	4,293 2,708
Training Professional fees			195,531 65,110	130,365 38,996
Depreciation			1,995	991
Interest payable and similar charges			3	84
			686,685	451,402
SUPPORT COSTS
				Governance
				costs
				8
Provision ofeducation	and training			2,136
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):
			31.12.21	31.12.20
			E	8
Depreciation -owned assets			1,994	992

STAFF COSTS
					31.12.21	31.12.20
					5	f
Wages and salaries					338,857	198,366
Social security costs					9,372	2,120
					348,229	200,486
The average monthly	number of	employees		during the year was as follows:
					31.12.21	31.12.20
Administration					22	9
No employees received emoluments			in excess of560,000.
COMPARATIVES FOR THE STATEMENT				OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				funds	fund	funds
				6	6	6
INCOME AND ENDOWMENTS		FROM
Charitable activities
Provision ofeducation	and training			435,908		435,908
Other income				38,943		38,943
Total				474,851		474,851
EXPENDITURE ON
Charitable activities
Provision ofeducation	and training			453,738		453,738
NET INCOME				21,113		21,113
RECONCILIATION OF FUNDS
Total funds brought	forward			127,672		127,672
TOTAL FUNDS CARRIED FORWARD				148,785		148,785

Compara	tives	for moveme	nt in funds
						Net
						movement	At
					AI 1.1.20 f	in funds 6	31.12.20 f
Unrestricted		funds
General	fund				127,672	21,113	148,785
TOTAL	FUNDS				127,672	21,113	148,785
Comparative		net movement	in funds, included	in the above are	as follows:
					Incoming	Resources	Movement
					resources 6	expended f	in funds 8
Unrestricted General fund		funds			474,851	(453,738)	21,113
TOTAL	FUNDS				474,851	(453,738)	21,113
A current year 12months			and prior year 12months combined		position is as follows:
						Net
						movement	At
					At 1.1.20 f	in funds f	31.12.21 6
Unrestricted		funds
General	fund				127,672	14,658	142,330
TOTAL	FUNDS				127,672	14,658	142,330

		for the Year Ended 31	December 2021
			31.12.21	31.12.20
			6	6
INCOME AND ENDOWMENTS
Charitable activities
Grants			150,651	17,796
Provision ofeducation	and training		518,770	418,112
			669,421	435,908
Other income
Other grants			12,945	38,943
Total incoming resources			682,366	474,851
EXPENDITURE
Charitable activities
Wages Pensions			338,857 9,372	198,366 2,120
Rent			57,525	62,009
Insurance			2,006	1,918
Motor expenses Telephone Postage and stationery Computer software Sundries			597 5,595 3,151 4,642 2,301	1,587 4,566 3,399 4,293 2,708
Training Professional fees			195,531 65,110	130,365 38,996
Depreciation oftangible Bank interest		fixed assets	1,995 3	991 84
			686,685	451,402
Support costs
Governance costs
Accountancy			2,136	2,336
Total resources expended			688,821	453,738
Net (expenditure)/income			(6,455)	21,113