||||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||
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|||||||31.12.21|31.12.20|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|funds
f|fund
6|funds
8|funds
6|
|INCOME AND ENDOWMENTS||FROM||||||
|Charitable
activities||||||||
|Provision ofeducation|and training|||669,421||669,421|435,908|
|Other income||||12,945||12,945|38,943|
|Total||||682,366||682,366|474,851|
|EXPENDITURE ON||||||||
|Charitable
activities|||3|||||
|Provision ofeducation|and training|||688,821||688,821|453,738|
|NET INCOMEI(EXPENDITURE)||||(6,455)||(6,455)|21,113|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||148,785||148,785|127,672|
|TOTAL FUNDS CARRIED FORWARD||||142,330||142,330|148,785|
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|||||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|
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||||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|
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||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|
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|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|
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|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|
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|TANGIBLE FIX|EDASSE|TS|||||
|---|---|---|---|---|---|---|
|||||||Fixtures|
|||||||slid|
|||||||fittings|
|||||||E|
|COST|||||||
|At 1 January 2021||||||16,789|
|Additions||||||569|
|At 31 December|2021|||||17,358|
|DEPRECIATION|||||||
|At 1 January 2021||||||9,288|
|Charge for year||||||1,994|
|At 31 December|2021|||||11,282|
|NET BOOK VALUE|||||||
|At 31 December|2021|||||6,076|
|At 31 December|2020|||||7,501|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
||||||31.12.21
E|31.12.20
f|
|Trade creditors|||||73,028|23,500|
|Social security and other||taxes|||10,293|4,555|
|Accrued expenses|||||2,120|8,120|
||||||85,441|36,175|
|MOVEMENT
IN FUNDS|||||||
||||||Net||
||||||movement|At|
|||||At 1.1.21|in funds|31.12.21|
|||||6|6|6|
|Unrestricted
funds|||||||
|General fund||||148,785|(6,455)|142,330|
|TOTAL FUNDS||||148,785|(6,455)|142,330|
|Net movement|in funds, included||in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources
f|expended
6|in funds
f|
|Unrestricted
funds|||||||
|General fund||||682,366|(688,821)|(6,455)|
|TOTAL FUNDS||||682,366|(688,821)|(6,455)|
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|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|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources
f|expended
6|in funds
f|
|Unrestdcted
General fund|funds|1,157,217|(1,142,559)|14,658|
|TOTAL FUNDS||1,157,217|(1,142,559)|14,658|
##
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|||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|