| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 to | 5 | |
| Independent Examiner's |
Report | ||
| Statement of Financial | Activities | ||
| Balance Sheet | 8 to | 9 | |
| Notes tothe Financial Statements | 10 to | 18 | |
| Detailed Statement of Financial Activities | 19 to | 20 |
| 31.8.21 | 31.8.20 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | funds | funds | ||||
| Notes | f | f | f | f | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
239,382 | 65,930 | 305,312 | 242,899 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 21,059 | 21,059 | 7,318 | ||||
| Charitable activities |
|||||||
| Tuition | 187,225 | 72,577 | 259,802 | 207,942 | |||
| Other | 3,166 | 3,166 | 1,343 | ||||
| Total | 211,450 | 72,577 | 284,027 | 216,603 | |||
| NET INCOME/(EXPENDITURE) | 27,932 | (6,647) | 21,285 | 26,296 | |||
| RECONCILIATION OF |
FUNDS | ||||||
| Total funds brought | forward | 10,587 | 17,772 | 28,359 | 2,063 | ||
| TOTAL FUNDS CARRIED FORWARD | 38,519 | 11,125 | 49,644 | 28,359 |
| 31.8.21 | 31.8.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | f | f | f | f | |
| FIXEDASSETS | |||||
| Tangible assets | 53,003 | 53,003 | 58,906 | ||
| CURRENT ASSETS | |||||
| Debtors | 10,679 | 10,679 | 11,443 | ||
| Cash at bank and in hand | 96,290 | 11,125 | 107,415 | 46,436 | |
| 106,969 | 11,125 | 118,094 | 57,879 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
(27,954) | (27,954) | (1,440) | ||
| NET CURRENT ASSETS | 79,015 | 11,125 | 90,140 | 56,439 | |
| TOTAL ASSETS LESSCURRENT LIABILITIES | 132,018 | 11,125 | 143,143 | 115,345 | |
| CREOITORS | |||||
| Amounts falling due after more than one |
|||||
| year | (93,499) | (93,499) | (86,986) | ||
| NET ASSETS | 38,519 | 11,125 | 49,644 | 28,359 |
| FUNDS | 10 | |||
|---|---|---|---|---|
| Unrestricted funds: |
||||
| General fund | 38,519 | 10,587 | ||
| Restricted funds: | ||||
| Bursary Fund | 4,639 | |||
| Youth Music | Fund | 5,111 | 8,736 | |
| Postlewaite | Fund | 1,375 | 1,375 | |
| Restricted | 7,661 | |||
| 11,125 | 17,772 | |||
| TOTAL FUNDS | 49,644 | 28,359 |
| Raising d | o | nations and le |
gacies | ||
|---|---|---|---|---|---|
| 31.8.21 | 31.8.20 | ||||
| f | f | ||||
| Support costs | 15,681 | 1,943 | |||
| Investment | management | costs | |||
| 31.8.21 | 31.8.20 | ||||
| f | f | ||||
| Property | repairs | 273 | 771 | ||
| Interest payable and similar charges | 5,105 | 4,604 | |||
| 5,378 | 5,375 | ||||
| Aggregate | amounts | 21,059 | 7,318 |
| COIVIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COIVIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COIVIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COIVIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | funds | funds | |||
| f | f | f | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
225,127 | 17,772 | 242,899 | ||
| EXPENDITURE ON | |||||
| Raising funds | 7,318 | 7,318 | |||
| Charitable activities |
|||||
| Tuition | 207,942 | 207,942 | |||
| Other | 1,343 | 1,343 | |||
| Total | 216,603 | 216,603 | |||
| NET INCOME | 8,524 | 17,772 | 26,296 | ||
| RECONCILIATION OF |
FUNDS | ||||
| Total funds brought | forward | 2,063 | 2,063 | ||
| TOTAL FUNDS CARRIED FORWARD | 10,587 | 17,772 | 28,359 |
| 5. | TANGIBLE FIXEDASSETS | TANGIBLE FIXEDASSETS | |||
|---|---|---|---|---|---|
| Fixtures | |||||
| and | Computer | ||||
| fittings f |
equipment f |
Totals f |
|||
| COST | |||||
| At 1September 2020 | 48,755 | 23,751 | 72,506 | ||
| Additions | 1,191 | 7,479 | 8,670 | ||
| At 31August 2021 | 49,946 | 31,230 | 81,176 | ||
| DEPRECIATION | |||||
| At 1September 2020 | 4,876 | 8,724 | 13,600 | ||
| Charge for year | 4,507 | 10,066 | 14,573 | ||
| At 31August 2021 | 9,383 | 18,790 | 28,173 | ||
| NET BOOK VALUE | |||||
| At 31August 2021 | 40,563 | 12,440 | 53,003 | ||
| At 31August 2020 | 43,879 | 15,027 | 58,906 | ||
| 6. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 31.8.21 | 31.8.20 | ||||
| f | f | ||||
| Trade debtors | 1,123 | 9,625 | |||
| Other debtors | 9,556 | 1,818 | |||
| 10,679 | 11,443 |
| 7. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|
| 31.8.21 | 31.8.20 | ||||
| f | f | ||||
| Bank loans and overdrafts | (see note 9) | 25,113 | |||
| Trade creditors | 300 | ||||
| Taxation and social security | 866 | ||||
| Other creditors | 1,675 | 1,440 | |||
| 27,954 | 1,440 | ||||
| 8. | CREDITORS: AMOUNTS | FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 31.8.21 | 31.8.20 | ||||
| f | f | ||||
| Bank loans (see note 9) | 93,499 | 86,986 | |||
| 9. | LOANS | ||||
| An analysis ofthe maturity | of loans is given below: | ||||
| 31.8.21 | 31.8.20 | ||||
| f | f | ||||
| Amounts falling due within |
one year on demand: | ||||
| Bank loans | 25,113 | ||||
| Amounts falling between |
one and two years: | ||||
| Bank loans - 1-2years | 30,554 | 86,986 | |||
| Amounts falling due between two and five years: |
|||||
| Bank loans - 2-5years | 62,945 |
| MOVEMENT | IN FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1.9.20 | in funds | 31.8.21 | ||
| f | f | f | ||
| Unrestricted | funds | |||
| General fund | 10,587 | 27,932 | 38,519 | |
| Restricted funds | ||||
| Bursary Fund | 4,639 | 4,639 | ||
| Youth Music | Fund | 8,736 | (3,625) | 5,111 |
| Postlewaite | Fund | 1,375 | 1,375 | |
| Restricted | 7,661 | (7,661) | ||
| 17,772 | (6,647) | 11,125 | ||
| TOTAL FUNDS | 28,359 | 21,285 | 49,644 |
| Incoming | Resources | Movement | ||||
|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||
| f | f | f | ||||
| Unrestricted | funds | |||||
| General fund | 239,382 | (211,450) | 27,932 | |||
| Restricted funds | ||||||
| The Social Enterprise | Support | Fund | ||||
| (UnLtd) | 39,245 | (39,245) | ||||
| Bursary Fund | 15,685 | (11,046) | 4,639 | |||
| Youth Music | Fund | (3,625) | (3,625) | |||
| Restricted | 11,000 | (18,661) | (7,661) | |||
| 65,930 | (72,577) | (6,647) | ||||
| TOTAL FUNDS | 305,312 | (284,027) | 21,285 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.9.19 | in funds | 31.8.20 | ||
| f | f | f | ||
| Unrestricted | funds | |||
| General fund | 2,063 | 8,524 | 10,587 | |
| Restricted funds | ||||
| Youth Music | Fund | 8,736 | 8,736 | |
| Postlewaite | Fund | 1,375 | 1,375 | |
| Restricted | 7,661 | 7,661 | ||
| 17,772 | 17,772 | |||
| TOTAL FUNDS | 2,063 | 26,296 | 28,359 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources f |
expended f |
in funds f |
||
| Unrestricted | funds | |||
| General fund | 225,127 | (216,603) | 8,524 | |
| Restricted funds | ||||
| Youth Music | Fund | 8,736 | 8,736 | |
| Postlewaite | Fund | 1,375 | 1,375 | |
| Restricted | 7,661 | 7,661 | ||
| 17,772 | 17,772 | |||
| TOTAL FUNDS | 242,899 | (216,603) | 26,296 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.9.19 | in funds | 31.8.21 | ||
| f | f | f | ||
| Unrestricted | funds | |||
| General fund | 2,063 | 36,456 | 38,519 | |
| Restricted funds | ||||
| Bursary Fund | 4,639 | 4,639 | ||
| Youth Music | Fund | 5,111 | 5,111 | |
| Postlewaite | Fund | 1,375 | 1,375 | |
| 11,125 | 11,125 | |||
| TOTAL FUNDS | 2,063 | 47,581 | 49,644 |
| Incoming | Resources | Movement | ||||
|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||
| f | f | f | ||||
| Unrestricted | funds | |||||
| General fund | 464,509 | (428,053) | 36,456 | |||
| Restricted funds | ||||||
| The Social Enterprise | Support | Fund | ||||
| (UnLtd) | 39,245 | (39,245) | ||||
| Bursary Fund | 15,685 | (11,046) | 4,639 | |||
| Youth Music | Fund | 8,736 | (3,625) | 5,111 | ||
| Postlewaite | Fund | 1,375 | 1,375 | |||
| Restricted | 18,661 | (18,661) | ||||
| 83,702 | (72,577) | 11,125 | ||||
| TOTAL FUNDS | 548,211 | (500,630) | 47,581 |
| 31.8.21 | 31.8.20 | ||
|---|---|---|---|
| f | f | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations | 3,000 | 17,772 | |
| Grants | 62,930 | 29,069 | |
| Tuition Fees | 239,382 | 196,058 | |
| 305,312 | 242,899 | ||
| Total incoming resources | 305,312 | 242,899 | |
| EXPENDITURE | |||
| Investment management |
costs | ||
| Property repairs |
273 | 771 | |
| Bank loan interest | 5,105 | 4,604 | |
| 5,378 | 5,375 | ||
| Charitable activities |
|||
| Wages | 44,906 | 31,085 | |
| Sub Contractors | 146,941 | 117,383 | |
| Pensions | 798 | ||
| Room Hire | 24,453 | 29,091 | |
| Rates and water | 187 | ||
| Light and heat | 2,656 | 3,531 | |
| Depreciation oftangible fixed assets |
14,573 | 12,717 | |
| Grants to individuals | 11,046 | ||
| 245,373 | 193,994 | ||
| Other | |||
| Staff Training | 1,546 | 65 | |
| Support costs | |||
| Management | |||
| Advertising | 15,591 | 1,943 |
| 31.8.21 | 31.8.20 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| Management | ||||||
| Finance | ||||||
| Other operating | leases | 780 | 1,146 | |||
| Bank charges | 3,142 | 4,625 | ||||
| 3,922 | 5,771 | |||||
| Other | ||||||
| Insurance | 923 | 912 | ||||
| Telephone | 887 | 901 | ||||
| Postage and | stationery | 246 | 141 | |||
| Sundries | 620 | 1,833 | ||||
| Cleaning | 3,440 | 824 | ||||
| Computer | Costs | 4,278 | 3,342 | |||
| 10,394 | 7,953 | |||||
| Other 2 | ||||||
| Travelling | 203 | 224 | ||||
| Governance | costs | |||||
| Accountancy | and | legal fees | 1,620 | 1,278 | ||
| Total resources | expended | 284,027 | 216,603 | |||
| Net income | 21,285 | 26,296 |