| Trustees | LJ Pratt | |||
|---|---|---|---|---|
| A Minshull-Beech | ||||
| AWilson | ||||
| A Howell | ||||
| R Wilson | ||||
| M Russell | (Appointed | 27 September 2022) | ||
| Chair | A Minshull-Beech | |||
| Chief Executive | C Edwards | |||
| Charity number | 1162711 | |||
| CIO number | CE005063 | |||
| Principal address | Inclusion School, Bridgwater |
House | ||
| Viables Business Park | ||||
| Basingstoke | ||||
| HG22 4BS | ||||
| Auditor | Fiander Tovell Limited | |||
| Stag Gates House | ||||
| 63/64 The Avenue | ||||
| Southam pton | ||||
| Hampshire | ||||
| 60171XS |
| Page | ||
|---|---|---|
| Trustees' report |
1-4 | |
| Independent auditor's |
report | 5-8 |
| Statement of financial |
activities | |
| Balance sheet | 10 | |
| Statement ofcash flows |
||
| Notes to the financial | statements | 12-24 |
| Unrestricted | Unrestricted | Restricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||||
| general | designated | |||||||||
| 2023 | 2023 | 2023 | 2023 | 2022 | ||||||
| Notes | PE | |||||||||
| co | w | e | o | |||||||
| Donations and |
legacies | 3 | 23,056 | 23,056 | 48,336 | |||||
| Charitable activities |
4 | 2,214,645 | 2,214,645 | 825,813 | ||||||
| Investments | 5 | 4,481 | 4,481 | 1,321 | ||||||
| Other income | 6 | 5,201 | 5,201 | 1,471 | ||||||
| Total income | 2,247,383 | 2,247,383 | 876,941 | |||||||
| ~Edit | ||||||||||
| Chaditable activities |
7 | 2,066,887 | 52 | 2,066,939 | 839,607 | |||||
| Net incoming/(outgoing) | resources | before | ||||||||
| transfers | 180,496 | (52) | 180,444 | 37,334 | ||||||
| Gross transfers | between | funds | (130,000) | 130,000 | ||||||
| Net income/(expenditure) | for the year/ | |||||||||
| Net movement | in funds | 50,496 | 130,000 | (52) | 180,444 | 37,334 | ||||
| Fund balances | at 1 | September 2022 | 315,4og | 2On,nnn | 2,898 | 518,397 | 481,063 | |||
| Fund balances | at | 31 | August 2023 | 365,995 | 330.000 | 2,846 | 698,841 | 518,397 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Fixed assets | ||||||||
| Tangible assets | 12 | 549,386 | 111,081 | |||||
| Current assets | ||||||||
| Debloi s | 13 | 350,923 | 68,859 | |||||
| Cash at bank and | in | hand | 671,409 | 543,412 | ||||
| 1,022,332 | 612,271 | |||||||
| Creditors: | amounts | falling due within | ||||||
| one year | 14 | (432,877) | (204,955) | |||||
| Net current | assets | 589,455 | 407,316 | |||||
| Total assets less | current liabilities | 1,138,841 | 518,397 | |||||
| Provisions | for liabilities | (440,000) | ||||||
| Net assets | 698,841 | 518,397 | ||||||
| Income funds | ||||||||
| Restricted | funds | 16 | 2,846 | 2,898 | ||||
| Unrestricted | funds | |||||||
| Designated | funds | 17 | 330,000 | 200,000 | ||||
| General unrestricted |
funds | 365,995 | 315,499 | |||||
| 695,995 | 515,499 | |||||||
| 698,841 | 518,397 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Cash flows from operating | activities | |||||||
| Cash generated | from operations | 21 | 171,250 | 153,919 | ||||
| Investing | activities | |||||||
| Purchase | oftangible fixed assets |
(45,011) | (106,684) | |||||
| Investment | income received | 1,758 | 287 | |||||
| Net cash | used | in investing | activities | (43,253) | (106,397) | |||
| Net cash | used | in financing | activities | |||||
| Net increase in |
cash and cash equivalents | 127,997 | 47,522 | |||||
| Cash and | cash | equivalents | at beginning | ofyear | 543,412 | 495,890 | ||
| Cash and | cash | equivalents | at end of | year | 671,409 | 543,412 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2023 | 2022 | ||||
| E | |||||
| Inclusion | Learning | Centre | income | 364,968 | |
| Inclusion | College | income | 1,038,636 | 460,845 | |
| Inclusion | School | income | 1,176,009 | ||
| 2.214,645 | 825,813 |
| 5 | investments |
|---|---|
| Interest iecetvabte |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| general | general | |
| 2023 | 2022 | |
| Interest iecetvabte | 4,461 | 1.321 |
| Other income | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| general | general | |
| 2023 | 2022 | |
| 6 | ||
| Other income | 5,201 | 1,471 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Staff costs | 695,065 | 375,120 | ||
| Accreditation, training |
and testing | 20.743 | 3,027 | |
| Temporary or specialist teaching |
resources | 155,386 | 63,827 | |
| Resources | 15,967 | 5,089 | ||
| Transport | 6.426 | 3,635 | ||
| Trips and events | 5,581 | 598 | ||
| Food and drink | 51,457 | |||
| Sundry costs | 1,185 | 3,050 | ||
| 951,810 | 454,346 | |||
| Share ofsupport costs as restated | (see note 8) | 1,087,851 | 382,311 | |
| Share ofgovernance | costs (see note 8) | 27,278 | 2,950 | |
| 2,066,939 | 839,607 | |||
| Analysis by fund |
||||
| Unrestricted funds - general |
2,066,887 | 833,615 | ||
| Restricted funds |
52 | 5,992 | ||
| 2,066,939 | 839,607 |
| Support cos | ts | ||||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2023 | 2022 | ||||
| costs | costs | ||||||
| Staff costs | 184,451 | 184,451 | 125,429 | ||||
| Depreciation | 46,706 | 46,706 | 3,380 | ||||
| Staff training, | recruitment | and other costs | 53379 | r53 379 | 13,113 | ||
| Rent, rates and other | premises costs | 660,303 | 660,303 | 147,916 | |||
| Premises maintenance | and repairs | 48,684 | 48,684 | 40,288 | |||
| Telephone, computer |
and | other office costs | 85,924 | 85,924 | 28,623 | ||
| Travel | 1,683 | 1,683 | 1,534 | ||||
| Marketing | 3,014 | 3,014 | 19,092 | ||||
| Sundry costs | 3,606 | 3,GOG | 2,839 | ||||
| Bank charges | and interest | 101 | 101 | 97 | |||
| Audit fees | 9,000 | 9,000 | |||||
| Accountancy | (700) | ||||||
| Legal and professional | 18,278 | 18,278 | 3,650 | ||||
| 1,087,851 | 27,278 | 1,115,129 | 385,261 | ||||
| Analysed between |
|||||||
| Charitable activities |
1,087,851 | 27,278 | 1,115,129 | 385,261 |
| 2023 | 2022 | ||
|---|---|---|---|
| Number | Number | ||
| 28 | 23 | ||
| Employment | costs | 2023 | 2022 |
| 8 | |||
| Wages and salaries | 778,215 | 449,949 | |
| Social security costs | 66,795 | 30,492 | |
| Other pension costs | 34,506 | 20,108 | |
| 879,516 | 500,549 |
| Tangible fix | ed assets | ||||||
|---|---|---|---|---|---|---|---|
| Leasehold | Leasehold | Fixtures, | Total | ||||
| land and | Improvements | fittings and | |||||
| buildings | equipment | ||||||
| 8 | 8 | F | |||||
| Cost | |||||||
| At 1 September 2022 | 92,427 | 25,917 | 118,344 | ||||
| Additions | 19,025 | 440,000 | 25,986 | 485,011 | |||
| At 31August | 2023 | 111,452 | 440,000 | 51,903 | 603,355 | ||
| Depreciation | and impairment | ||||||
| At 1 September 2022 | 536 | 6,727 | 7,263 | ||||
| Depreciation | charged | in the | yam | 7,437 | 29,334 | 9,935 | 46,706 |
| At 31August | 2023 | 7,973 | 29,334 | 16,662 | 53,969 | ||
| Carrying amount |
|||||||
| At 31August | 2023 | 103,479 | 410,666 | 35,241 | 549,386 | ||
| At 31August | 2022 | 91,891 | 19.190 | 111,081 | |||
| Debtors | |||||||
| 2023 | 2022 | ||||||
| Amounts falling due |
within | one year: | |||||
| Trade debtors | 133,122 | 8,823 | |||||
| Other debtors | 4,431 | 1,520 | |||||
| Prepayments | and accrued income | 213,370 | 58,516 | ||||
| 350,923 | 68,859 |
| 14 | Creditors: | amounts | falling | due within | one year | ||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| Notes | F | E | |||||||
| Other taxation and social security | 16,234 | 10,748 | |||||||
| Deferred income | 124,856 | 53,488 | |||||||
| Trade creditors | 94,475 | 21,346 | |||||||
| Other creditors | 12,307 | ||||||||
| Accruals | 185,005 | 119,373 | |||||||
| 432,877 | 204,955 | ||||||||
| Provisions | for liabilities | 2023 | 2022 | ||||||
| Dilapidalions | provision | 440,000 | |||||||
| Movements | on provisions: | ||||||||
| Dilapidations | |||||||||
| provision | |||||||||
| Additional | provisions | in the | year | 440,000 |
| Movement | Movement | in funds | ||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Transfers | Balance at | ||||
| 1 | September | resources | expended | 31August | ||||
| 2022f | 2023 2 |
|||||||
| Expense | reserve | 200,000 | 130,000 | 330,000 | ||||
| 200,000 | 130,000 | 330,000 | ||||||
| Movement | in funds | |||||||
| Balance at | Incoming | Resources | Transfers | Balance at | ||||
| 1 | September | resources | expended | 31August | ||||
| 2021 | 2022 | |||||||
| f | Z | |||||||
| Expense | reserve | 200,000 | 200,000 | |||||
| 200,000 | 200,000 |
| 18 | Analysis of net assets between | funds | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | |||
| funds | funds | funds | ||||
| 2023 | 2023 | 2023 | 2023 | |||
| 8 | 8 | |||||
| Fund balances at 31August 2023 | are represented | |||||
| by: | ||||||
| Tangible assets | 549,386 | 549,386 | ||||
| Current assets/(liabilitios) | 256,609 | 330,000 | 2,846 | 589,455 | ||
| Provisions | (440,000) | (440,000) | ||||
| 365,995 | 330,000 | 2,846 | 698,841 | |||
| Unrestricted | Designated | Restricted | Total | |||
| funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2022 | |||
| Fund balances at 31August 2022 | are represented | |||||
| by: | ||||||
| Tangible assets | 111,081 | 111,081 | ||||
| Current assets/(liabilities) |
204,418 | 200,000 | 2,898 | 407,316 | ||
| 315,499 | 200,000 | 2,898 | 518,397 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Within one year | 311,333 | 386,097 | |||
| Between two and | five years | 1,558,260 | 1,544,388 | ||
| In over five years | 3,631,240 | 3,783,437 | |||
| 5,500,833 | 5,713,922 | ||||
| Related party transactions | |||||
| Remuneration of |
key management | personnel | |||
| The remuneration | of key management | personnel | is as follows. | ||
| 2023 | 2022 | ||||
| Aggregate remuneration |
55,000 | 56,794 |
| 21 | Cash generated from |
Cash generated from |
Cash generated from |
operations | operations | 2023 | 2022 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Surplus for |
the year | 180,444 | 37,334 | |||||||
| Adjustments | for: | |||||||||
| Investment | income recognised | in statement | offinancial | actiwties | (4,481) | (1,321) | ||||
| Depreciation | and impairment | oftangible | fixed assets | 46.706 | 3,380 | |||||
| Movements | in working | capital: | ||||||||
| (Increase) | in debtors | (279,341) | (56,605) | |||||||
| Increase in |
creditors | 156,554 | 125,196 | |||||||
| Increase in |
deferred income |
71,368 | 45,935 | |||||||
| Cash generated from |
operations | 171,250 | 153,919 |