ELKOLET
Financial Statements
for the year ending
7th September 2020

## **ELKOLET** 

## **CONTENTS** 

||**Page**|
|---|---|
|Trustees' Report|1|
|Accountant's Report|3|
|Income and Expenditure account|4|
|Balance Sheet|5|





## **Financial Statements** 

**for the Year Ended 7th September 2020** 

## **Trustees' Annual Report** 

## **ELKOLET** 

## **Section A: Reference and administration details** 

Charity Name ELKOLET Registered charity number 1172970 Principal address The ELKOLET Centre, Mill Lane, Alton, Hampshire, GU342QG 

## _**Trustee Name**_ 

## _**Office**_ 

Bryan Knowles Chair Paula Knowles Trustee Angel Knowles Trustee Mervyn Broughton Trustee Jolanta Snyman Trustee Jonathan Mills Trustee 

## **Section B: Structure, governance and management** 

Charitable Incorporated Organisation (CIO) Appointed by existing Trustees 

## **Section C: Objectives and activities** 

## _**Objectives**_ 

The objects of the CIO are to advance the education of the public in particular young people, whom have been or on the edge of being disengaged from mainstream local schools, throughout Hampshire, uk. Provide safe and conducive centres for young people who, due to personal circumstances, find it difficult to cope in mainstream education. 

## _**Main Activites**_ 

Provision of Alternative Education Provision including respite and preventative initiatives for Year 7 to Year 11 students and support for past learners whilst at college and within work placements. Mentoring and Family Support Services provided to the whole family of learners attending The King's Way. Making available after-school youth facilities and holiday drop-in sessions. We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit. 



## **Section D: Achievements and performance** 

THE ELKOLET CENTRE - The Charity moved into its permanent premises on Mill Lane, Alton. The site provides the necessary space required to meet a growing and, often, varied need; 

The King's Way - The alternative education provision, provided to secondary schools within the area, has seen its number of learners double year-on-year with 2018 marking its sixth year. Again, learners were able to sit their GCSE exams at The ELKOLET Centre. 

Equipping for Life - ELKOLET's preventative outreach arm, which is aimed at all young people and their families, has started to develop its additional programmes aimed at after-school, weekends and holidays. At present, the Youth Facility within The ELKOLET Centre is being made available for The King's Way learners and their peers after-school, with the aim to expand it out to further after the trial. 

The Mustard Seed - ELKOLET's further education and commercial division, has identified a number of potential projects and is actively negotiating the acquisition of a vocational training facility. 

## **Section E: Financial Review** 

ELKOLET aims to keep approximately three months running costs in reserves. This is also to cover emergency building work. 

## **Section F: Other optional information** 

N/A 

## **Section G: Declaration** 

The trustees declare that they have approved the trustees' report above 

Signed on behalf of the charity's trustees 

Full name Bryan Douglas Knowles Position Chair Date 07/04/2021 



## **Financial Statements** 

**for the Year Ended 7th September 2020** 

## **Accountant's Report on the unaudited financial statements to the committee of** 

## **ELKOLET** 

You have approved the financial statements for the year ended 7th September 2019 set out on pages 2 to 6.  I accordance with your instructions, we have compiled these unaudited financial statements from the accounting records and information and explanations supplied to us. 

Jonathan Mills BSc (Hons) CA ACCA Black & White Accounting 2-3 Stable Court Herriard Park Basingstoke RG25 2PL 

Date: 

07/04/2021 



## **ELKOLET** 

## **Income and Expenditure account for the year ended 7th September 2020** 

|**INCOME**<br>Donations Received<br>Grants Received<br>Total Income<br>**EXPENDITURE**<br>Computer and software<br>26<br>Refreshments<br>0<br>Sundry Expenses<br>2<br>Total Expenditure<br>Net Profit/(Loss)<br>Accumulated fund brought forward<br>Accumulated fund carried forward|**2020**<br>615<br>500<br>1,115<br>30<br>25<br>21<br>28<br>1,087<br>221<br>1,308||**2019**|
|---|---|---|---|
||||301<br>0<br>301<br>76<br>225<br>(4)<br>221|





## **ELKOLET** 

## **Balance Sheet at 7th September 2020** 

|**CURRENT ASSETS**<br>Cash at bank<br>Other Debtors<br>CURRRENT LIABILITIES<br>Trade creditors<br>NET CURRENT ASSETS<br>NET ASSETS<br>FINANCED BY:<br>RESERVES<br>Current Year Earnings<br>Funds|507<br>801<br>0|**2020**<br>1,308<br>0<br>1,308<br>1,308<br>688<br>620<br>1,308|14<br>207<br>0||**2019**|
|---|---|---|---|---|---|
||||||221<br>0<br>221<br>221<br>225<br>(4)<br>221|



We approve these financial statements and confirm we have made available all relevant records and information for their preparation and authorise their submission to H M Revenue and Customs. 

………………………………………... 

B Knowles