|Report of the Trustees|1|to|7|
|---|---|---|---|
|Report ofthe Independent
Auditors|8|to|10|
|Statement
of Financial
Activities||||
|Balance Sheet||12||
|Cash Flow Statement||13||
|Notes to the Cash Flow Statement||14||
|Notes to the Financial Statements|15|to|22|
|Detailed Statement
of Financial
Activities|23|to|24|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|for the yea|r ended 3|1August 20|21||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes|f|E|
|INCOME AND ENDOWMENTS|||FROM||||
|Donations|and legacies||||28,257|48,623|
|Charitable|activities||||||
|Education|||||2,258,043|1,696,311|
|Investment|income||||165,124||
|Total|||||2,451,424|1,744,934|
|EXPENDITURE ON|||||||
|Charitable|activities||||||
|Education|||||2,204,944|1,735,383|
|NET INCOME|||||246,480|9,551|
|RECONCILIATION||OF FUNDS|||||
|Total funds brought||forward|||328,781|319,230|
|TOTAL FUNDS CARRIED FORWARD|||||575,261|328,781|
|||||2021|2020|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|E|E|
|FIXED|ASSETS|||||
|Tangible|assets||12|183,364|49,325|
|CURRENT ASSETS||||||
|Debtors|||13|55,025|36,596|
|Investments|||14||263,500|
|Cash at|bank|||426,820|44,544|
|||||481,845|344,640|
|CREDITORS||||||
|Amounts|falling due within|one year|15|(89,948)|(65,184)|
|NET CURRENT ASSETS||||391,897|279,456|
|TOTAL|ASSETS LESSCURRENT LIABILITIES|||575,261|328,781|
|NET ASSETS||||575,261|328,781|
|FUNDS|||17|||
|Unrestricted
funds||||575,261|328,781|
|TOTAL|FUNDS|||575,261|328,781|
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|E|E|
|Cash flows from operating||activities||||
|Cash generated
from operations||||275,595|37,462|
|Net cash provided
by operating||activities||275,595|37,462|
|Cash flows from investing||activities||||
|Purchase of tangible
fixed assets||||(184,531)|(17,808)|
|Sale of tangible
fixed assets||||291,212|17,000|
|Net cash provided
by/(used|in) investing||activities|106,681|(808)|
|Cash flows from financing||activities||||
|Loan repayments
in year|||||(59,152)|
|Interest
paid|||||(17,382)|
|Net cash provided
by/(used|in) financing||activities||(76,534)|
|Change
in cash and cash|equivalents||in|||
|the reporting
period||||382,276|(39,880)|
|Cash and cash equivalents||at the||||
|beginning
ofthe reporting||period||44,544|84,424|
|Cash and cash equivalents||at the end of||||
|the reporting
period||||426,820|44,544|
##
||||||||
|---|---|---|---|---|---|---|
|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM|||OPERATING|ACTIVITIES||
||||||2021|2020|
||||||E|E|
|Net income for the reporting||period (as per the Statement|of||||
|Financial Activities)|||||246,480|9,551|
|Adjustments
for:|||||||
|Depreciation
charges|||||22,780|23,681|
|Profit on disposal of|fixed assets|||||(2,553)|
|Interest
paid||||||17,382|
|(Increase)/decrease|in debtors||||(18,429)|14,872|
|Increase/(decrease)|in creditors||||24,764|(25,471)|
|Net cash provided|by operations||||275,595|37,462|
|ANALYSIS OF CHANGES IN NET FUNDS|||||||
||||At|1.9.20|Cash flow|At 31.8.21|
|||||E|E|E|
|Net cash|||||||
|Cash at bank||||44,544|382,276|426,820|
|||||44,544|382,276|426,820|
|Liquid resources|||||||
|Deposits
included
in|cash||||||
|Current asset investments|||263,500||(263,500)||
||||263,500||(263,500)||
|Total|||308,044||118,776|426,820|
##
##
##
##
##
##
|DONATIONS|DONATIONS|AND LEGACIES|AND LEGACIES||||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||E|E|
|Parental|donations||||||19,470|44,981|
|Other income|||||||8,787|3,642|
||||||||28,257|48,623|
|INVESTMENT||INCOME|||||||
||||||||2021|2020|
||||||||E|E|
|Surplus|on realization||of freehold|property|awaiting|sale|165,124||
|INCOME FROM CHARITABLE||||ACTIVITIES|||||
||||||||2021|2020|
||||Activity||||E.|E|
|ESFA income||||Education|||964,616|752,147|
|Local authority||income||Education|||1,138,358|913,702|
|Dept of|education|||Education|||140,003|13,078|
|Dept for work||5 pensions||Education|||1,806|17,384|
|Coventry|council||Education||||5,750||
|Solihull|council||Education||||7,510||
||||||||2,258,043|1,696,311|
##
||||||||Support||
|---|---|---|---|---|---|---|---|---|
|||||||Direct|costs (see||
|||||||Costs
f|note 7)|Totals
E|
||Education|||||1,708,794|496,150|2,204,944|
|7.|SUPPORT COSTS||||||||
|||||||||Other|
|||||||||E|
||Education|||||||496,150|
||Support costs, included||||in the above, are as follows:||||
||Other||||||||
||||||||2021|2020|
|||||||||Total|
||||||||Education|activities|
||||||||E|E|
||Catering||||||27,643|16,355|
||Rent and rates||||||183,935|178,808|
||Water rates||||||2,400|596|
||Waste collection||||||2,628|2,028|
||Cleaning||||||31,184|11,228|
||Gas &electricity||||||9,474|11,767|
||Office costs||||||12,050|6,542|
||Phone & mobile||||||13,621|14,472|
||Subscriptions||&.memberships||||23,042|9,801|
||Legal & professional|||fees|||28,509|12,469|
||Insurance||||||8,319|5,316|
||Auditors fee||||||7,476|7,602|
||Repairs & renewals||||||25,189|12,904|
||Security|||||||264|
||Health
&safety||||||33,366|3,617|
||Bank charges||& interest||||83|70|
||Depreciation||||||22,780|23,681|
||IT expenditure||||||54,655|36,621|
||General expenses||||||6,958|4,973|
||Loan interest||payable|||||17,382|
||Website costs||||||2,838|1,270|
||Profit on sale||of vehicles|||||(2,553)|
||||||||496,150|375,213|
|8.|NET INCOME/(EXPENDITURE)||||||||
||Net income/(expenditure)||||is stated after charging/(crediting):||||
||||||||2021|2020|
||||||||E|E|
||Depreciation|-|owned|assets|||22,780|23,681|
||Surplus
on disposal of fixed assets|||||||(2,553)|
||Auditor's
fees||- statutory||audit||6,600|6,600|
##
##
##
##
##
|10.|STAFF COSTS|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|||||||||E|E|
||Wages and salaries|||||||1,324,096|1,026,600|
||Social security costs|||||||109,739|86,368|
||Other pension costs|||||||120,773|138,875|
|||||||||1,554,608|1,251,843|
||The average
monthly|number|of|employees||during|the year was as follows:|||
|||||||||2021|2020|
||Total|||||||54|42|
||One employee
received emoluments||||in excess off60,000 (2020: One).|||||
|11.|COMPARATIVES
FOR THE||STATEMENT|||OF FINANCIAL ACTIVITIES||||
||||||||||Unrestricted|
||||||||||fund|
||||||||||E|
||INCOME AND ENDOWMENTS|||FROM||||||
||Donations
and legacies||||||||48,623|
||Charitable
activities|||||||||
||Education||||||||1,696,311|
||Total||||||||1,744,934|
||EXPENDITURE ON|||||||||
||Charitable
activities|||||||||
||Education||||||||1,735,383|
||NET INCOME||||||||9,551|
||RECONCILIATION|OF FUNDS||||||||
||Total funds brought|forward|||||||319,230|
||TOTAL FUNDS CARRIED FORWARD||||||||328,781|
|for th|e year ended 31August 2021|e year ended 31August 2021|e year ended 31August 2021|e year ended 31August 2021|||||
|---|---|---|---|---|---|---|---|---|
|12.|TANGIBLE FIXED ASSETS||||||||
||||||Improvements|Fixtures|||
||||||to|and|Computer||
||||||property|fittings|equipment|Totals|
||||||E|E|E|E|
||COST||||||||
||At 1 September
2020|||||89,764|28,641|118,405|
||Additions||||147,691|10,056|26,784|184,531|
||Disposals|||||(78,269)||(78,269)|
||At 31 August 2021||||147,691|21,551|55,425|224,667|
||DEPRECIATION||||||||
||At 1 September
2020|||||57,120|11,960|69,080|
||Charge for year||||7,385|4,310|11,085|22,780|
||Eliminated
on disposal|||||(50,557)||(50,557)|
||At 31August 2021||||7,385|10,873|23,045|41,303|
||NET BOOK VALUE||||||||
||At 31 August 2021||||140,306|10,678|32,380|183,364|
||At 31August 2020|||||32,644|16,681|49,325|
|13.|DEBTORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||||
||||||||2021|2020|
||||||||E|E|
||Other debtors||||||46,967|32,100|
||Prepayments
and|accrued||income|||8,058|4,496|
||||||||55,025|36,596|
|14.|CURRENT ASSET INVESTMENTS||||||||
||||||||2021|2020|
||||||||E|E|
||Freehold
property|awaiting||sale||||263,500|
|15.|CREDITORS: AMOUNTS|||FALLING DUE|WITHIN ONE YEAR||||
||||||||2021|2020|
||||||||E|E|
||Trade creditors||||||27,899|22,788|
||Social security and|other|taxes||||32,240|23,181|
||Other creditors||||||15,070|12,615|
||Accrued expenses||||||14,739|6,600|
||||||||89,948|65,184|
##
##
|||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||E|E|
|Within one year||||||||||43,582|26,974|
|Between one|||and five years|||||||160,580|40,759|
|||||||||||204,162|67,733|
|MOVEMENT|||IN FUNDS|||||||||
|||||||||||Net||
|||||||||||movement|At|
||||||||||At 1.9.20|in funds|31.8.21|
||||||||||E|E|E|
|Unrestricted|||funds|||||||||
|General|fund||||||||328,781|246,480|575,261|
|TOTAL|FUNDS||||||||328,781|246,480|575,261|
|Net movement|||in funds,||included||in|the above|are as follows:|||
||||||||||Incoming|Resources|Movement|
||||||||||resources
E|expended
f|in funds
E|
|Unrestricted|||funds|||||||||
|General|fund||||||||2,451,424|(2,204,944)|246,480|
|TOTAL|FUNDS||||||||2,451,424|(2,204,944)|246,480|
|Comparatives||||for movement|||in funds|||||
|||||||||||Net||
|||||||||||movement|At|
||||||||||At 1.9.19|in funds|31.8.20|
||||||||||f|E|E|
|Unrestricted|||funds|||||||||
|General|fund||||||||319,230|9,551|328,781|
|TOTAL|FUNDS||||||||319,230|9,551|328,781|
|Comparative||net||movement||in funds,||included|in the above are as follows:|||
||||||||||Incoming|Resources|Movement|
||||||||||resources
E|expended
E|in funds
f|
|Unrestricted|||funds|||||||||
|General|fund||||||||1,744,934|(1,735,383)|9,551|
|TOTAL|FUNDS||||||||1,744,934|(1,735,383)|9,551|
##
##
##
##
##
##
|Detailed Statement|of Financial|of Financial|Activities|||
|---|---|---|---|---|---|
|for the year ended 31 August 2021||||||
|||||2021|2020|
|||||E|E|
|INCOME AND ENDOWMENTS||||||
|Donations
and legacies||||||
|Parental
donations||||19,470|44,981|
|Other income||||8,787|3,642|
|||||28,257|48,623|
|Investment
income||||||
|Surplus
on realization||of freehold|property|||
|awaiting
sale||||165,124||
|Charitable
activities||||||
|ESFA income||||964,616|752,147|
|Local authority
income||||1,138,358|913,702|
|Dept of education||||140,003|13,078|
|Dept for work & pensions||||1,806|17,384|
|Coventry
council||||5,750||
|Solihull
council||||7,510||
|||||2,258,043|1,696,311|
|Total incoming
resources||||2,451,424|1,744,934|
|EXPENDITURE||||||
|Charitable
activities||||||
|Salary costs||||1,324,096|1,026,600|
|Socia I security||||109,739|86,368|
|Pensions||||120,773|138,875|
|Agency staff||||22,173||
|Goods||||3,076|8,439|
|Transport
activities||||41,651|53,096|
|Staff training||||44,404|15,899|
|Student support costs||||42,882|30,893|
|||||1,708,794|1,360,170|
|Support costs||||||
|Other||||||
|Catering||||27,643|16,355|
|Rent and rates||||183,935|178,808|
|Water rates||||2,400|596|
|Waste collection||||2,628|2,028|
|Cleaning
Gas 5electricity||||31,184
9,474|11,228
11,767|
|Office costs||||12,050|6,542|
|Phone 8.mobile
Subscriptions 5 memberships
Legal 5 professional
fees||||13,621
23,042
28,509|14,472
9,801
12,469|
|Insurance||||8,319|5,316|
|Auditors fee||||7,476|7,602|
|Carried forward||||350,281|276,984|
|for the year en|ded 31August 2021|||
|---|---|---|---|
|||2021|2020|
||||E|
|Other||||
|Brought forward||350,281|276,984|
|Repairs & renewals||25,189|12,904|
|Security|||264|
|Health
&safety||33,366|3,617|
|Bank charges|&interest|83|70|
|Depreciation||22,780|23,681|
|IT expenditure||54,655|36,621|
|General expenses||6,958|4,973|
|Loan interest|payable||17,382|
|Website costs||2,838|1,270|
|Profit on sale|of vehicles||(2,553)|
|||496,150|375,213|
|Total resources|expended|2,204,944|1,735,383|
|Net income||246,480|9,551|