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|---|---|---|
|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|
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||||||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)|
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|||||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)|
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|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)|
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||||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|
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|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)|
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|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|
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|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|
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||||||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)|
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|||||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)|
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||||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)|
##
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|||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|
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||||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)|