| Page | ||
|---|---|---|
| Trustees' report | ||
| Statement of | financial activities | |
| Balance sheet | ||
| Notes to the | accounts | 7 —10 |
| Independent | examiners report |
| F | or the | year e | nded 31Aug | ust 2022 | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Notes | F | ||||||
| Income and endowments Donations and legacies Other income Surplus on sale of property |
4 5 |
750 281,459 84,962 |
50,000 | 50,750 281,459 84,962 |
5,651 293,785 |
||
| Total income | 367,171 | 50,000 | 417,171 | 299,436 | |||
| Expenditure Expenditure on charitable Exceptional costs Grants distributed |
activities | 6 6 |
240,090 33,394 203 |
240,090 33,394 203 |
222,043 15,320 234 |
||
| Total expenditure | 273,687 | 273,687 | 237,597 | ||||
| Net income and net movement | in funds | 93,484 | 50,000 | 143,484 | 61,839 | ||
| Reconciliation offunds | |||||||
| Total funds brought forward | 168,235 | 100,000 | 268,235 | 206,396 | |||
| Total funds carried forward | 261,719 | 150,000 | 411,719 | 268,235 |
| As at 31 | August 202 | 2 | |||
|---|---|---|---|---|---|
| Notes | 2022 | 2021 | |||
| Fixed assets Tangible assets |
1,170,573 | 527,290 | |||
| Current assets Debtors |
10 | 36,771 | |||
| Cash in bank | 30,854 | 61,688 | |||
| 30,854 | 98,459 | ||||
| Creditors: due in one year | (650) | (20,650) | |||
| Net current assets | 30,204 | 77,809 | |||
| Total assets less current liabilities | 1,200,777 | 605,099 | |||
| Creditors: due after one year | 12 | (789,058) | (336,864) | ||
| 411,719 | 268,235 | ||||
| Funds ofthe charity | |||||
| Restricted funds | 150,000 | 100,000 | |||
| Unrestricted funds |
261,719 | 168,235 | |||
| 411,719 | 268,235 |
| Donations | and | legacies | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total | funds | ||||
| funds | funds | 2022 | 2021 | |||||
| Donations | 750 | 50,000 | 50,750 | 5,651 | ||||
| Other income | ||||||||
| Unrestricted | funds | Unrestricted | funds | |||||
| 2022 | 2021 | |||||||
| Student fees | 110,004 | 104,471 | ||||||
| Government | funding | 2022/21 | 170,759 | 185,157 | ||||
| Government | furlough | grants | 696 | 4,157 | ||||
| 281,459 | 293,785 |
| Notes to the Financ For the year ended |
Notes to the Financ For the year ended |
ial Statements 31August 2022 |
|
|---|---|---|---|
| Analysis of expenditure Support costs |
2022 | 2021 | |
| Staff costs Lecturers |
98,053 30,778 |
111,665 10,253 |
|
| Advertising Cleaning and waste Telephone and internet Repairs Extracurricular activities |
160 8,415 1,414 3,294 32,158 |
170 7,044 903 217 27,651 |
|
| Exam registration Insurance |
fees | 12,448 2,476 |
16,650 1,861 |
| Postage, printing, Rates |
stationery | 2,080 1,728 |
2,363 2,619 |
| General office and Travel |
supplies | 6,736 29,406 |
12,725 12,951 |
| Water | 362 | 363 | |
| Governance costs |
780 | 1.371 | |
| Bank and similar charges | 1,701 | ||
| Training costs Equipment leasing |
1,008 2,812 |
4,908 5,666 |
|
| Professional fees |
989 | ||
| Library costs | 346 | ||
| Depreciation | 693 | 815 | |
| Sundry | 2,253 | 1,848 | |
| 240,090 | 222,043 | ||
| Exceptional costs | 2022 | 2021 | |
| Rent | 10,000 | 8,920 | |
| Other interest payable | 6,774 | 6,400 | |
| Consultancy fees |
8,000 | ||
| Lenders fees | 3,000 | ||
| Legal fees | 1,620 | ||
| Purchase extension fee | 4,000 | ||
| 33,394 | 15,320 |
| Notes to the Financial Forthe year ended 31 |
Statements August 2022 |
|
|---|---|---|
| Staff costs | 2022 | 2021 |
| Wages and salaries Lecturers Social security costs Employer pension contributions |
95,296 30,778 1,743 1,014 |
107,812 10,253 2,999 854 |
| 128,831 | 121,918 |
| angible Assets | ||||
|---|---|---|---|---|
| Land &buildings | Computer | Fixtures and | ||
| Equipment | Fitting | Total | ||
| Cost B/F | 522,670 | 4,919 | 1,735 | 529,324 |
| Disposals | (522,670) | (522,670) | ||
| Additions - Middleton | 909,296 | 909,296 | ||
| Refurbishments | 164,544 | 164,544 | ||
| Portacabins | 92,806 | 92,806 | ||
| 1,166,646 | 4,919 | 1,735 | 1,173,300 | |
| Depreciation | ||||
| B/F | 1,365 | 669 | 2,034 | |
| Charge for the year | 533 | 160 | 693 | |
| 1,898 | 829 | 2,727 | ||
| Carrying amount At 31August 2022 |
1,166,646 | 3,021 | 906 | 1,170,573 |
| At 31August 2021 | 522,670 | 3,554 | 1,066 | 527,290 |
| F | or the year ended 31Augu | or the year ended 31Augu | st 2022 | ||
|---|---|---|---|---|---|
| 10. | Debtors: amounts | due in one year | 2022 | 2021 | |
| New building deposit Other debtors |
36,000 771 |
||||
| 36,771 | |||||
| 11. | Creditors: amounts |
due in one year | 2022 | 2021 | |
| Trade creditors | 650 | 650 | |||
| Deposit re sale | of | property | 20,000 | ||
| 650 | 20,650 | ||||
| 12. | Creditors: amounts | due after one year | |||
| 2022 | 2021 | ||||
| Bank loans | 37,851 | 47,426 | |||
| Other creditors | and accruals | 751,207 | 289,438 | ||
| 789,058 | 336,864 |