| Page | ||
|---|---|---|
| Report oftheTrustees | 1 to | 8 |
| Independent Examiner's Report |
||
| Statement ofFinancial Activities | 10 | |
| Balance Sheet | 11 to | 12 |
| Notes tothe Financial Statements | 13 to | 21 |
| Detailed Statement ofFinancial Activities | 22 to | 23 |
| 31.8.23 | 31.8.22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Tota I | |||
| funds | funds | funds | funds | |||
| Notes | E | f | f | E | ||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
438,444 | 18,258 | 456,702 | 346,854 | ||
| Charitable activities |
||||||
| Tuition | 1,377 | 1,377 | ||||
| Total | 439,821 | 18,258 | 458,079 | 346,854 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 2 | 10,978 | 10,978 | 12,315 | ||
| Charitable activities |
||||||
| Tuition | 447,186 | 17,637 | 464,823 | 379,466 | ||
| Other | 410 | 410 | 480 | |||
| Total | 458,574 | 17,637 | 476,211 | 392,261 | ||
| NET INCOME/(EXPENDITURE) | (18,753) | 621 | (18,132) | (45,407) | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | (58,785) | 9,148 | (49,637) | (4,230) | ||
| TOTAL FUNDS CARRIED FORWARD | (77,538) | 9,769 | (67,769) | (49,637) |
| 31.8.23 | 31.8.22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | f | E | f | E | |
| FIXEDASSETS | |||||
| Tangible assets | 5 | 47,653 | 47,653 | 50,205 | |
| CURRENT ASSETS | |||||
| Debtors | 6 | 21,131 | 21,131 | 19,648 | |
| Cash at bank and in hand | 64,127 | 9,769 | 73,896 | 83,104 | |
| 85,258 | 9,769 | 95,027 | 102,752 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
7 | (165,838) | (165,838) | (139,649) | |
| NET CURRENT ASSETS/(LIABILITIES) | (80,580) | 9,769 | (70,811) | (36,897) | |
| TOTAL ASSETS LESS CURRENT UABIUTIES | (32,927) | 9,769 | (23,158) | 13,308 | |
| CREDITORS | |||||
| Amounts falling due after more than one |
|||||
| year | 8 | (44,611) | (44,611) | (62,945) | |
| NET ASSETS/(LIABILITIES) | (77,538 ) | 9,769 | (67,769) | (49,637) |
| FUNDS | 10 | |||
|---|---|---|---|---|
| Unrestricted funds: |
||||
| General fund Restricted funds: |
(77,538) | (58,785) | ||
| Bursary Fund Postlethwaite |
Fund | 9,769 | 7,773 1,375 |
|
| 9,769 | 9,148 | |||
| TOTALFUNDS | (67,769) | (49,637) |
| 31.8.23 | 31.8.22 | |||
|---|---|---|---|---|
| E | f | |||
| Supportcosts | 3,724 | 3,766 | ||
| Investment | management | costs | ||
| 31.8.23 | 31.8.22 | |||
| f | f | |||
| Property repairs Interest payable and similar charges |
1,254 3,727 |
1,226 4,575 |
||
| 4,981 | 5,801 | |||
| Aggregate | amounts | 10,978 | 12,315 |
| 4. | COMPARAllVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARAllVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARAllVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| f | E | f | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
327,920 | 18,934 | 346,854 | ||
| EXPENDITURE ON | |||||
| Raising funds | 12,315 | 12,315 | |||
| Charitable activities |
|||||
| Tuition | 358,555 | 20,911 | 379,466 | ||
| Other | 480 | 480 | |||
| Total | 371,350 | 20,911 | 392,261 | ||
| NET INCOME/(EXPENDITURE) | (43,430) | (1,977) | (45,407) | ||
| RECONCIUATION OF FUNDS |
|||||
| Total funds brought forward | (15,355) | 11,125 | (4,230) | ||
| TOTAL FUNDS CARRIED FORWARD | (58,785) | 9,148 | (49,637) |
| TANGIBLE FIXEDASSETS | TANGIBLE FIXEDASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | Computer | |||
| fittings E |
equipment f |
Totals f |
||
| COST | ||||
| At 1September 2022 Additions |
49,946 7,800 |
48,037 5,017 |
97,983 12,817 |
|
| At 31August 2023 | 57,746 | 53,054 | 110,800 | |
| DEPRECIATION | ||||
| At 1September 2022 Charge for year |
13,439 5,601 |
34,339 9,768 |
47,778 15,369 |
|
| At31August 2023 | 19,040 | 44,107 | 63,147 | |
| NET BOOK VALUE | ||||
| At 31August 2023 | 38,706 | 8,947 | 47,653 | |
| At31August 2022 | 36,507 | 13,698 | 50,205 | |
| DEBTORS:AMOUNTS | FALUNG DUE WITHIN ONE YEAR | |||
| 31.8.23 | 31.8.22 | |||
| E | f | |||
| Trade debtors Other debtors |
19,313 1,818 |
17,830 1,818 |
||
| 21,131 | 19,648 |
| 7. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|
| 31.8.23 | 31.8.22 | ||||
| E | f | ||||
| Bank loans and overdrafts | (see note 9) | 32,199 | 30,554 | ||
| Trade creditors | 3,109 | 10,924 | |||
| Taxation and socialsecurity | 3,418 | 1,744 | |||
| Other creditors | 127,112 | 96,427 | |||
| 165,838 | 139,649 | ||||
| 8. | CREDITORS: AMOUNTS | FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 31.8.23 | 31.8.22 | ||||
| E | E | ||||
| Bank loans (see note 9) | 44,611 | 62,945 | |||
| 9. | LOANS | ||||
| An analysis ofthe maturity | of loans is given below: | ||||
| 31.8.23 | 31.8.22 | ||||
| E | E | ||||
| Amounts falling due within |
one year on demand: | ||||
| Bank loans | 32,199 | 30,554 | |||
| Amounts falling between |
one and two years: | ||||
| Bank loans - 1-2years | 26,563 | 48,139 | |||
| Amounts falling due between two and five years: |
|||||
| Bank loans —2-5years |
18,048 | 14,806 |
| Net | ||||||
|---|---|---|---|---|---|---|
| movement | At | |||||
| At 1.9.22 | in funds | 31.8.23 | ||||
| f | f | E | ||||
| Unrestricted | funds | |||||
| General fund | (58,785) | (18,753) | (77,538) | |||
| Restricted funds | ||||||
| Bursary Fund Postlethwaite |
Fund | 7,773 1,375 |
1,996 (1,375) |
9,769 | ||
| 9,148 | 621 | 9,769 | ||||
| TOTALFUNDS | (49,637) | (18,132) | (67,769) | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | ||||
| resources f |
expended E |
in funds f |
||||
| Unrestricted | funds | |||||
| General fund | 439,821 | (458,574) | (18,753) | |||
| Restricted funds | ||||||
| Bursary Fund Postlethwaite |
Fund | 18,258 | (16,262) (1,375) |
1,996 (1,375 ) |
||
| 18,258 | (17,637) | 621 | ||||
| TOTALFUNDS | 458,079 | (476,211) | (18,132) |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.9.21 | in funds | 31.8.22 | |||
| f | E | E | |||
| Unrestricted | funds | ||||
| General fund | (15,355) | (43,430) | (58,785) | ||
| Restricted funds | |||||
| Bursary Fund | 4,639 | 3,134 | 7,773 | ||
| Youth Music | Fund | 5,111 | (5,111) | ||
| Postlethwaite | Fund | 1,375 | 1,375 | ||
| 11,125 | (1,977) | 9,148 | |||
| TOTALFUNDS | (4,230) | (45,407) | (49,637) | ||
| Comparative | net movement | in funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | |||
| resources f |
expended E |
in funds f |
|||
| Unrestricted | funds | ||||
| General fund | 309,920 | (353,350) | (43,430) | ||
| The Foyle Foundation | 18,000 | (18,000) | |||
| 327,920 | (371,350) | (43,430 ) | |||
| Restricted funds | |||||
| Bursary Fund | 17,963 | (14,829 ) | 3,134 | ||
| Youth Music | Fund | 971 | (6,082) | (5,111) | |
| 18,934 | (20,911) | (1,977) | |||
| TOTAL FUNDS | 346,854 | (392,261) | (45,407) |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.9.21 | in funds | 31.8.23 | ||
| f | f | f | ||
| Unrestricted | funds | |||
| General fund | (15,355) | (62,183) | (77,538) | |
| Restricted funds | ||||
| Bursary Fund Youth Music Fund Postlethwaite Fund |
4,639 5,111 1,375 |
5,130 (5,111) (1,375) |
9,769 | |
| 11,125 | (1,356) | 9,769 | ||
| TOTALFUNDS | (4,230) | (63,539) | (67,769) |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| E | E | f | ||
| Unrestricted | funds | |||
| General fund The Foyle Foundation |
749,741 18,000 |
(811,924) (18,000) |
(62,183 ) | |
| Restricted funds | 767,741 | (829,924) | (62,183) | |
| Bursary Fund Youth Music Postlethwaite |
Fund Fund |
36,221 971 |
(31,091) (6,082) (1,375 ) |
5,130 (5,111) (1,375) |
| 37,192 | (38,548) | (1,356) | ||
| TOTAL FUNDS | 804,933 | (868,472) | (63,539) |
| 31.8.23 | 31.8.22 | ||
|---|---|---|---|
| f | E | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations Grants Tuition Fees Bank Interest |
11,770 18,258 426,575 99 |
49,601 297,246 7 |
|
| 456,702 | 346,854 | ||
| Charitable activities |
|||
| Other Income | 1,377 | ||
| Total incoming resources | 458,079 | 346,854 | |
| EXPENDITURE | |||
| Other trading activities | |||
| Purchases | 2,273 | 933 | |
| Investment management |
costs | ||
| Property repairs Interest Paid |
1,254 3,727 |
1,226 4,575 |
|
| 4,981 | 5,801 | ||
| Charitable activities |
|||
| Wages Sub Contractors Pensions Room Hire Light and heat Depreciation oftangible fixed assets Grants to individuals |
57,297 289,173 1,514 57,439 2,897 15,369 16,372 |
44,602 216,044 1,085 56,739 3,469 19,605 14,829 |
|
| 440,061 | 356,373 | ||
| Other | |||
| Staff Training | 410 | 480 |
| 31.8.23 | 31.8.22 | |||
|---|---|---|---|---|
| E | f | |||
| Support costs | ||||
| Management | ||||
| Advertising | 1,756 | 3,766 | ||
| Finance | ||||
| Other operating Bank charges |
leases | 1,620 108 |
735 99 |
|
| 1,728 | 834 | |||
| Other | ||||
| Insurance Telephone Postage and stationery Sundries Cleaning Computer Costs |
1,175 1,460 718 6,038 3,141 4,952 |
1,376 1,326 1,168 5,175 3,505 5,024 |
||
| 17,484 | 17,574 | |||
| Other 2 | ||||
| Travelling | 592 | 320 | ||
| Governance | costs | |||
| Accountancy | and | legal fees | 6,926 | 6,180 |
| Total resources | expended | 476,211 | 392,261 | |
| Net expenditure | (18,132) | (45,407) |