2021-08-31-accounts

			Page
Information
Trustees' report			2-4
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Statement of cash flows
Notes to the ftnancial	statement		g-f 5

		Unrestricted	Total	Total
		funds	2021	2020
	Notes	6	9	9
Income from:
School fee income	3	69,697	69,697	86,679
Investments	4			4
Total income		69,697	69,697	86,683
Expenditure on: Raising funds Charitable activities		300 122,623	300 122,623	721 139,922
Interest payable Total resources expended		96 123,019	96 123,019	140,643
Other operating income		53,965	53,965	19,930
Net income for the year/		643	643	(34,030)
Net movement In funds
Fund balances at 1 September 2020		4,734	4,734	38,764
Fund balances at 31 August 2021		5,377	5,377	4,734

as at 31 August 20	21
		Notes		2021		2020
				9		2
Fixed assets
Tangible assets		10		14,082		16,414
Current assets
Debtors		12	30,612		11,600
Cash at bank and in	hand		24,571		31,605
			55,183		43,205
Creditors: amounts	falling due
within one year		13	(28,638)		(9,885)
Net current assets				26,545		33,320
Total assets less current
liabilities				40,627		49,734
Creditors: amounts	falling due
after more than one year		14		(35,250)		(45,000)
Net assets				5,377		4,734
Income funds
Unrestncted funds				5,377		4,734
				5,377		4,734

								2021			2020
						Notes	2			2	2
Cash flows from operating		activities
Cash generated from/(absorbed				by)		16			(1,034)		30,510
operations
Investing	activities
Purchase	of tangible ttxed assets									(3,166)
Interest received										4
Net cash	generated fromr(used			In) investing
activities											(3,162)
Rnancing	activities
Repayment of bank loans
Nel cash	used in financing	activities
Net increase in cash and cash				equivalents					(1,034)		27,348
Cash and	cash equivalents	at	begtnniitg		of year				12,340		12,340
Cash and	cash equivalents		at	end of	year				24,571		31,605

5	Raising funds				2021	2020
	Fundraising and publicity				300	721
	Advertising				300	721
6	Charitable activities				2021	2020
					2	2
	Provision of language Student travel costs	courses and other expenditure				13,865
	School catenng				170	10,640 12,668
					170	37,173
	Share of support costs (see note 7) Share of governance costs (see note 7)				119,453 3,DDD 122,453	95,712 7,037 102,749
	Total charitable activities				122,623	139,922
	Analysis by fund tfnrestricted funds				122,623	139,922
7	Support costs		Support	Governance	2021	202D
			costs	COS1s
				2
	Staff costs Depredation Insurance		73,452 2,332 27,256		73,452 2,332 27,256	60,918 2,332 5,833
	Repairs and maintenance		2,641		2,641	4,890
	Premises costs and other expenditure Legal and professional Accountancy		13,772 119,453	3,DDD 3,000	13,772 3,000 122,453	21,739 1,037 6,000 102,749
	Analysed between Charitable activities		119,453	3,000	122,453	102,749

Number ofemployees	Number ofemployees
The average	monthly number of	employees		during	the	year was.	2021	2020
							Number	Number
Administration	and support
Employment	costs						2021 9	2020
Wages and	salaries, Pensions	and Employer's			Nl		73,452	60,918
There were no employees whose annual			remuneration			was 960,000or more.

Tangible fixed assets
		Fixtures,
	Leasehold	fittings 8
	improvements	equipment	Total
	2	2
Cost
At 1 September 2020	15,676	'15,478	31,154
At 31 August 2021	15,676	15,478	31,154
Depreciation and impairment At 1 September 2020 Charge for the year	9,956 784	4,784 1,548	14,740 2,332
Al 31 August 2021	10,740	6,332	17,072
Net book value
At 31 August 2021	4,936	9,146	14,082
At 31 August 2020	5,720	10,694	16,414

11	Financial Instru	ment	s
						2021	2020
						6
	Carrying amount	of financial			assets
	Debt instruments	measured		at	amortised cost	24,612	11,600
	Carrying amount offinancial				liabilities
	Measured at amorksed		cost			63,888	54,885
12	Debtors					2021	2020
							2
	Trade debtors					24,6'I 2	11,600
	Other debtors					6,000
						30,612	11,600
13	Creditors: amounts		falling		due within one year	2021	2020
						2
	Bank loans and	overdrafts				9,000
	Trade creditors					3,000
	Taxation and social security				costs	2,927	839
	Accruals					5,000	5,000
	Pension hability					317	199
	Wages control account Other creditors					7,698 696	3,001 846
						28,638	9,885
14	Creditors: amounts		falgng		due after one year	2021 2	2020 2
	Bank loans					35,250	45,000
	The loan is interest free and				unsecured.

OSEPH FOUNDATION UK s to the Financial Statements e year ended 31 August 2021	OSEPH FOUNDATION UK s to the Financial Statements e year ended 31 August 2021	OSEPH FOUNDATION UK s to the Financial Statements e year ended 31 August 2021
Cash generated from operations						2021	2020
Surplus for the year						643	(34,030)
Adjustments for:
Investment income recognised	in	statement		of financial	activities		(4)
Loss on disposal of tangible fixed		assets
Depreciation and impairment of	tangible		fixed assets			2,332	2,332
Movements in working capital:
Decrease/(Increase) in debtors						(13,012)	21,400
(Decrease)/increase in creditors						9,003	40,812
Cash generated from/(a be orbed		by) operations				~(1,034	30,3 0