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||||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|
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|||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|
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|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|
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|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|
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|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|
##
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|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.|||
##
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|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|
##