OpenCharities

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

2022-12-31-accounts

Page
Reference and Administrative
Details
Report of the Trustees
Independent
Examiner's		 Report
Statement
of Financial		 Activities
Balance Sheet 5 to 6
Cash Flow Statement
Notes to the Cash Flow Statement
Notes to the Financial Statements 9 to 15
Detailed Statement
of Financial		 Activities 16 to 17

for the Year E nded 31 December 2022
31.12.22 31.12.21
Unrestricted Total
fund funds
Notes P E
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 2 97,166 66,693
Other trading activities 597,833 647,472
Total 694,999 714,165
EXPENDITURE ON
Raising funds 633,386 705,430
NET INCOME 61,613 8,735
RECONCILIATION OF FUNDS
Total funds brought forward 182,740 174,005
TOTAL FUNDS CARRIED FORWARD 244,353 182,740

Date Palm Primar
School Limited
Balance Sheet
31 December 2022
31.12.22 31.12.21
Unrestricted Total
fund funds
Notes E
FIXEDASSETS
Tangible assets 10 304,761 349,508
CURRENT ASSETS
Debtors 62,916 62,916
Cash at bank 13,086 12,726
76,002 75,642
NET CURRENT ASSETS 76,002 75,642
TOTAL ASSETS LESSCURRENT
LIABILITIES 380,763 425,150
CREDITORS
Amounts
falling due after more than one
year 12 (84,800) (190,800)
PROVISIONS FOR LIABILITIES 14 (51,610) (51,610)
NET ASSETS 244,353 182,740
FUNDS 15
Unrestricted
funds		 244,353 182,740
TOTAL FUNDS 244,353 182,740

Cash Flow Statement
for the Year Ended 31 December 2022
31.12.22 31.12.21
Notes
Cash flows from operating activities
Cash generated
from operations
1		 110,083 52,966
Net cash provided
by operating
activities		 110,083 52,966
Cash flows from investing
activities
Purchase
of tangible
fixed assets		 ~3,723) i353,867)
Net cash used
in investing		 activities ~3,723) i353,867)
Cash flows from financing activities
New loans
in year		 187,600
Loan repayments
in year		 )106,000) ~45,000)
Net cash (used in)/provided by financing
activities )106,000) 142,600
Change
in cash and cash
equivalents
in the reporting		 360 (158,301)
period
Cash and cash equivalents at the
beginning
ofthe reporting		 period 12,726 171,027
Cash and cash equivalents at the
end ofthe reporting
period		 13,086 12,726

ACTIVITIES
31.12.22 31.12.21
E E
Net income for the reporting period (as per the Statement
of Financial Activities) 61,613 8,735
Adjustments for:
Depreciation charges 48,470 44,231
Net cash provided by operations 110,083 52,966

ANALYSIS OF CHAN GES
IN NET DEB		 T
At 1.1.22 Cash flow At 31.12.22
F F
Net cash
Cash at bank 12,726 360 13,086
12,726 360 13,086
Debt
Debts falling due after 1 year ~190,800) 106,000 ~84,800)
)190,800) 106,000 ~84,800)
Total ~178,074) 106,360 ~71,714)

Notes to the Financial Statements Notes to the Financial Statements Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
2. DONATIONS
AND		 LEGACIES
31.12.22 31.12.21
F
Donations 97,166 63,011
Gift aid 3,682
97,166 66,693
3. OTHER TRADING ACTIVITIES
31.12.22 31.12.21
F E
Fee 385,472 283,238
Government
funds		 200,000 290,000
Child care voucher 12,361 12,980
Job retention
scheme		 57,170
Other coronavirus grant income 4,084
597,833 647,472
4. RAISING FUNDS
Raising donations and legacies 31.12.22 31.12.21
E F
Support costs 633,366 765,430
5. SUPPORT COSTS
Administrative Governance Governance
Finance expenses costs costs Totals
E E E
Raising donations and
legacies 61 627,936 2,001 3,388 633,386
6. NET INCOME/(EXPENDITURE)
31.12.22 31.12.21
E E
48,470 44,231

year ended 31 Decem ber 20 21.
STAFF COSTS
31.12.22 31.12.21
E F
Wages and salaries 388,195 416,198
Other pension costs 1,459 676
389,654 416,874
The average
monthly		 number ofemployees during the year was as follows:
31.12.22 31.12.21

COMPARATIVES
 FO R THE ST ATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 66,693
Other trading
activities		 647,472
Total 714,165
EXPENDITURE ON
Raising funds 705,430
NET INCOME 8,735
RECONCILIATION OF FUNDS
Total funds brought forward 174,005

TANGIBLE FIXEDASS ETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
F E E E
COST
At 1 January 2022 409,243 14,000 5,250 22,094 450,587
Additions 3,723 3,723
At 31 December 2022 409,243 17,723 5,250 22,094 454,310
DEPRECIATION
At 1 January 2022 75,481 2,800 5,250 17,548 101,079
Charge for year 41,251 2,800 4,419 48,470
At 31 December 2022 116,732 5,600 5,250 21,967 149,549
NET BOOK VALUE
At 31 December 2022 292,511 12,123 127 304,761
At 31 December 2021 333,762 11,200 4,546 349,508
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
E
Other debtors 62,916 62,916

for th e Year Ended 31 December e Year Ended 31 December e Year Ended 31 December e Year Ended 31 December e Year Ended 31 December e Year Ended 31 December 2022 2022 2022
12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
E E
Other loans (see note 13) 84,800 190,800
13. LOANS
An analysis of the maturity of loans is given below:
31.12.22 31.12.21
E
Amounts falling due between two and five years:
Other loans - 2-5 years 84,8DD 190,800
14. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
E E
Salaries payable 51,610 51,610
15. MOVEMENT IN FUNDS
Net
movement At
At 1.1.22 in funds 31.12.22
E E E
Unrestricted funds
General fund 182,740 61,613 244,353
TOTAL FUNDS 182,740 61,613 244,353
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
E E E
Unrestricted funds
General fund 694,999 (633,386) 61,613
TOTAL FUNDS 694,999 ~633,386) 61,613

Compar atives for movement
in fun		 ds
Net
movement At
At 1.1.21 in funds 31.12.21
E E
Unrestricted funds
General fund 174,005 8,735 182,740
TOTAL FUNDS 174,005 8,735 182,740
Compara tive net movement
in funds,		 included
in the above are as		 follows:
Incoming Resources Movement
resources expended in funds
E F F
Unrestricted funds
General fund 714,165 (705,430) 8,735
TOTAL FUNDS 714,165 ~705,430) 8,735
A curren t yea r 12 months
and prior y		 ear 12 months
combined
posit		 ion
is as follo		 ws:
Net
movement At
At 1.1.21 in funds 31.12.22
E E E
Unrestricted funds
General fund 174,005 70,348 244,353
TOTAL FUNDS 174,005 70,348 244,353
included in th e above are as follows:
Incoming Resources Movement
resources expended in funds
E E
Unrestricted funds
General fund 1,409,164 (1,338,816) 70,348
TOTAL FUNDS 1,409,164 I1,338,816) 70,348

Detailed Statement Detailed Statement of Financial Activities
for the Year Ended 31 December 2022
31.12.22 31.12.21
INCOME AND ENDOWMENTS
Donations
and legacies
Donations 97,166 63,011
Gift aid 3,682
97,166 66,693
Other trading
activities
Fee 385,472 283,238
Government
funds		 200,000 290,000
Child care voucher 12,361 12,980
Job retention
scheme		 57,170
Other coronavirus grant income 4,084
597,833 647,472
Total incoming resources 694,999 714,165
EXPEND ITURE
Support costs
Finance
Bank charges 61 303
Administrative expenses
Wages 388,195 416,198
Pensions 1,459 676
Light and heat 1,193 3,869
Postage and stationery 581
Rent 130,000 147,357
Activities
8 trips		 5,548 2,128
Cleaning 1,402 2,208
Insurance 9,503 8,783
Books 8 School supplies 8,561 31,831
Subscription 1,183 3,129
Telecommunication 3,580 1,612
Advertising (9)
Supply teachers cost 9,136 3,556
Rates 2,691 7,347
Website 103 75
Carried forward 562,554 629,341

Detailed Statement
of Financial		 Detailed Statement
of Financial		 Activities
for the Year Ended 31 December 2022
31.12.22 31.12.21
E
Administrative
expenses
Brought forward 562,554 629,341
Staff training
8 welfare		 11,711 6,959
Software cost 4,016 11,437
Hire and leasing ofvehicle 882 4,565
Courier service 30
Other office costs 303 1,216
Depreciation
oftangible		 fixed assets 48,470 44,231
627,936 697,779
Governance
costs
Charitable
donation		 2,001 3,855
Governance
costs
Accountancy
and legal fees
Legal fees		 1,200
2,188		 2,600
893
3,388 3,493
Total resources expended 633,386 705,430
Net income 61,613 6,735