## ||||Page|| |---|---|---|---|---| |Reference and Administrative
Details||||| |Trustees' Report||2|to|11| |Indepeadeat
Examiner's|Report||12|| |Statement ofFiaancial Activities|||13|| |Balance Sheet||14|to|15| |Cash Flow Statement|||16|| |Notes to the Cash Flow|Statemeat||17|| |Notes to the Fiaancial Stateatents||18|to|30| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2021|2020| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||fund|fund|funds|funds| |INCOME ANDENDOWS FROM|Notes|||8|| |Donations
and legacies||76,537|13,187|89,724|94,525| |Charitable
activities|||||| |Centre activities and bookings||412,168||412,168|119,585| |Other trading activities
Investment
income
Other income||8,635
23
62,673||8,635
24
62,673|4,687
221
3,233| |Total||560,036|13,188|573,224|222,251| |EXPENDITURE ON|||||| |Charitable
activities|||||| |Centre activities and bookings||375,365|28,377|403,742|313,999| ||10|8,298||8,298|22,540| |Total||383,663|28,377|412,040|336,539| |NET INCOME/(EXPENDITURE)||176,373|(15,189)|161,184|(114,288)| |RECONCILIATION
OF FUNDS|||||| |Total funds brought forward||88,683|15,189|103,872|218,160| |TOTAL FUNDS CARRIED FORWARD||265,056||265,056|103,872| ## ## |||||2021|2020| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||fund|fund|funds|funds| ||Notes|6|8||| |FIXEDASSETS|||||| |Tangible assets|16|27,835||27,835|36,750| |CURRENT ASSETS|||||| |Stocks
Debtors
Cash at bank and in hand|17
18
19|2,204
50,880
252,792|16,813|2,204
50,880
269,605|820
22,028
130,169| |||305,876|16,813|322,689|153,017| |CREDITORS|||||| |Amounts
falling due within one year|20|(24,147)||(24,147)|(48,524)| |NET CURRENT ASSETS||281,729|16,813|298,542|104,493| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||309,564|16,813|326,377|141,243| |ACCRUALS AND DEFERREDINCOME|22|(44,508)|(16,813)|(61,321)|(37,371)| |NETASSETS||265,056||265,056|103,872| |FUNDS|23||||| |Unrestricted
funds
Restricted funds||||265,056|88,683
15,189| |TOTAL FUNDS||||265,056|103,872| ## ## ||||LO|NG|TOWN OUTDOOR LEARNING|TRUST|| |---|---|---|---|---|---|---|---| ||||||CASH FLOW STATEMENT||| ||||FOR||THE YEARENDED 31DECEMBER2021||| |||||||2021|2020| ||||||Notes||| |Cash flows from operating||activities|||||| |Cash generated
fmm operations|||||1|139,778|(89,641)| |Net cash pmvided
by/(used||in) operating|||activities|139,778|(89,641)| |Cash flows from investing||activities|||||| |Purchase oftangible fixed
Interest received|assets|||||(366)
24|(3,780)
221| |Net cash used in investing|activities|||||(342)|(3,559)| |Change in cash and cash|equivalents|||in|||| |the reporting
period
Cash and cash equivalents||at tbe||||139,436|(93,200)| |beginning ofthe reporting||period||||130,169|223,369| |Cash and cash equivalents||at the|end|of|||| |the reporting
peNiod||||||269,605|130,169| ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| |Net income/(expenditure)
for the reporting
Statement ofFinancial Activities)
Adjustments
for:|||period (as per the||161,184|(114,288)| |Depreciation
charges
Interest received
Increase in stocks
(increase)/decrease
in debtors
Decrease in creditors|||||9,281
(24)
(1,384)
(28,852)
(427)|12,246
(221)
(445)
44,723
(31,656)| |Net cash provided
by/(used||in) operations|||139,778|(89,641)| |ANALYSIS OFCHANGES||IN NET FUNDS||||| |Net cash||||At 1.1.21
I|Cash flow|At 31.12.21
I| |Cash at bank and in hand||||130,169|139,436|269,605| |||||130,169|139,436|269,605| |Total||||130,169|139,436|269,605| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |DONATIONS AND LEGACIES||||| |---|---|---|---|---| ||||2021|2020| ||Unrestricted|Restricted|Total|Total| ||funds|funds|funds|funds| |Donations
Grants
The Wilson Foundation|2,412
40,323
33,802|13,187|2,412
40,323
46,989|f.
8,326
73,344
12,855| ||76,537|13,187|89,724|94,525| ## |||||2021|2020| |---|---|---|---|---|---| |Retail, hospitality
and leisure grant - Covid-19
Job mtention
grant - Covid-19
Apprenticeship
grant||||24,143
11,180
5,000|f,
27,000
46,344| |||||40,323|73,344| |OTHER TRADING ACTIVITIES|||||| |||||2021|2020| |||Unrestricted|Restricted|Total|Total| |Selfcatering
Bed and breaklhst
Shop income||funds
3,088
3,151
2,396|fundsI|funds
3,088
3,151
2,396|funds
8
4,454
159
74| |||8,635||8,635|4,687| ## ## ## ## |||||||2021|2020| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|funds|funds| ||||||||6| ||Deposit account interest|||23|1|24|221| ||INCOME FROM|CHARITABLE ACTIVITIES|||||| |||||||2021|2020| |||||Activity|||6| ||Residential
educational||||||| ||comscs
Non residential
educational|||Centre activities snd bookings||298,144|26,57]| ||courses
Education advisory
Education advisory|training
support||Centre activities and bookings
Centre activities and bookings
Centre activities and bookings||45,892
8,415
59,717|21,864
10,218
60,932| |||||||412,168|119,585| |7,|CHARITABLE ACTIVITIES|||COSTS|||| |||||||Grant|| |||||||funding of|| ||||||Direct|activities|| ||||||Costs (see|(seenote|| ||||||note 8)|9)|Totals| ||Centre activities and|bookings|||374,793|28,949|403,742| ||DIRECT COSTSOF||CHARITABLE ACTIVITIES||||| |||||||2021|2020| ||Tlustccs' Icnluncfatlon
Staffcosts
Vehicle hire
Rent||ctc|||49,232
105,935
7,814
1|6
52,258
155,407
1| ||Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising|||||5,351
9,290
18,217
1,013
597
79|2,381
7,838
6,241
850
1,276
126| ||Propeny repairs
Food and drink
Consumables
Educational
literature|||||19,077
39,710
353
66|33,995
4,494
2,009
403| ||Outside course centres
Subcontractors
Travelling|||||7,031
47,038
63|180
1,744
135| ||Motor expenses
Repairs and renewals|||||8,319
2,631|6,057
3,337| ||Carried forward|||||321,817|278,732| ## ## ## ||||||||2021|2020| |---|---|---|---|---|---|---|---|---| |Brought forward
Cleaning materials
Trannng
Subsistence||and waste disposal|||||321,817
9,547
4,426
199|278,732
1,299
2,759
84| |Health and safety
Computer
expenses
Sundry expenses
Subscriptions
Bad debts|||||||3,221
7,744
2,357
2$89
740|1,393
1,769
2,207
483| |Bad debts recovered
Payroll bureau
Bookkeeping
Accountancy
Legal and professional
Bank charges|||fees||||(1,430)
3,508
1,562
4,100
5,627
27|(5,385)
3,556
4,510
3,889
7,363| |Depreciation|||||||9,059|11,340| ||||||||374,793|313,999| |GRANTS PAYABLE||||||||| ||||||||2021|2020| |Centre activities and||bookings|||||28,949|6| |The total grants paid||to individuals||during the|year was as follows:|||| ||||||||2021|2020| |Wilson Foundation
LOLTBursary|Bursary||||||28,377
572|| ||||||||28,949|| |OTHER||||||||| ||||||||2021|2020| ||||||Unrestricted|Restricted|Total|Total| ||||||funds|funds|funds|funds| ||||||||6|| |Trustees' remuneration
Vehicle hire|||and staffcosts||3,628
191||3,628
191|14,467| |Rates and water|||||131||131|190| |Insurance|||||228||228|626| |Light and heat|||||446||446|499| |Telephone
Postage and stationery|||||21
13||21
13|33
50| |Adverd sing|||||2||2|5| |Property repairs
Food and drink|||||467
420||467
420|2,717
27| |Carried forward|||||5,547||5,547|18,614| ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||Unresiricted|Restricted|Total|Total| ||||funds|funds|funds|funds| |Brought forward
Purchases - Shop
Subcontractors
Motor expenses
Repairs and renewals
Cleaning materials
and
TfalIllrig
Subsistence
Health and safety
Computer expenses
Sundry expenses
Subscriptions
Paymll bureau
Bookkeeping
Accountancy
Legal and professional
Bank charges||waste disposal
fees|5,547
1,198
174
64
234
108
5
79
190
58
56
86
38
100
138
1||5,547
1,198
174
64
234
108
5
79
190
58
56
86
38
100
138
1|18,614
36
139
237
267
104
220
7
111
141
176
39
284
360
311
588| |Depreciation|||222||222|| ||||8,298||8,298|22,540| ## ## |TRUST|EES' REMUNERATI|ON
AND BENEF|ITS||| |---|---|---|---|---|---| |||||2021|2020| |Trustees'
Trustees'
Trustees'|salaries
social security
pension contributions|to money purchase|schemes|45,789
3,313
1,162|42,083
3,031
9,192| |||||50,264|54,306| ## ## ## ## |FORTHEYEARENDE
STAFFCOSTS|D 31DECEMBER2021|| |---|---|---| ||2021|2020| |Wages and salaries
Social security costs
Other pension costs|g
148,775
7,453
2,567|193,077
6,921
22,134| ||158,795|222,132| |Included
in Wages and salaries are redundancy|Included
in Wages and salaries are redundancy|Included
in Wages and salaries are redundancy|payments|totalling|gNil (2020 - 831,803)|| |---|---|---|---|---|---|---| |The average monthly|number ofemployees|during the year was as|||follows:|| |Management
Tutors
Domestic stafF|||||2021
3
5|2020
5
4| |||||||3| |||||||12| ## ## |COMPARATIVES FOR THK STATEMENT OFFI|NANCIAL ACTIVITIES||| |---|---|---|---| ||Unrestricted|Restricted|Total| ||fund|fund|funds| |INCOME AND ENDOWMENTS FROM|||| |Donations snd legacies|94,525||94,525| |Charitable
activities|||| |Centre activities and bookings|119,585||119,585| |Other trading activities
Investment
income
Other income|4,687
206
3i233|15|4,687
221
3,233| |Total|222,236|15|222,251| |EXPENDITURE ON|||| |Charitable
activities|||| |Centre activities and bookings|309,448|4,551|313,999| ||22,540||22,540| |Total|331,988|4,551|336,539| |NET INCOME/(EXPENDITURE)|(109,752)|(4,536)|(114,288)| ## ## ||FORTHE YEARENDED 31DECE|FORTHE YEARENDED 31DECE|FORTHE YEARENDED 31DECE|
MBER2021|
MBER2021|| |---|---|---|---|---|---|---| |14.|COMPARATIVES FOR THE STATEMENT OFFINANCIAL|||ACTIVITIES -continued||| |||||Unrestricted|Restricted|Total| |||||fund|fund|funds| ||RECONCILIATION|OFFUNDS||||| ||Total funds brought forward|||198,435|19,725|218,160| ||TOTAL FUNDS CARRIED FORWARD|||88,683|15,189|103,872| |15.|INDEPENDENT EXAMINERS REMUNERATION|||||| ||||||2021|2020| ||Fees forthe independent
Fees for other financial|examination
services|ofthe accounts for the period||2,400
15,984|2,400
15,816| |16.|TANGIBLE FIXEDASSETS|||||| |||||Office||| |||||furniture||| ||||Plant and|all&1|Motor|| ||||equipment|equipment|vehicles|Totals| ||COST||||8|rc| ||At 1January 2021
Additions||25,111
366|4,192|31,586|60,889
366| ||At 31December 2021||25,477|4,192|31,586|61,255| ||DEPRECIATION|||||| ||At 1January 2021
Charge for year||8,746
4,181|1,952
565|13,441
4,535|24,139
9/81| ||At 31December 2021||12,927|2,517|17,976|33,420| ||NET BOOKVALUE|||||| ||At 31December 2021||12,550|1,675|13,610|27,835| ||At 31December 2020||16,365|2,240|18,145|36,750| ## ## ## |17.|STOCKS|FOR THK Y|EARENDED 31D|
ECEMBER2 21||| |---|---|---|---|---|---|---| ||||||2021|2020| ||Stocks||||2,204|820| |1$.|DEBTORSt|AMOUNTS FALLING DUE WITHIN ONE||YEAR||| ||||||2021|2020| ||||||8|| ||Trade debtors
Prepayments|and accrued income|||43,322
7,558|9,400
12,628| ||||||50,880|22,028| |19.|CASH AT BANK AND IN HAND|||||| ||||||2021|2020| |||||CTWilson||| ||||Geneml|Bursary|Total|Total| ||||fund|fund|funds|1'unds| ||Cash in hand
Bank account
Bank account
Bank deposit
Bank deposit|no 1
no 2
account
account 2|168
153,568
99,056|100
8,375
8,338|8
168
153,568
100
107,431
8,338|8
248
62,324
100
52,408
15,089| ||Total||252,792|16,813|269,605|130,169| ||2021|2020| |---|---|---| |Trade creditors
Corporation
tax
Social security and other taxes
Sundry creditors and accruals
Deposits in advance|2,992
5
2,688
9,124
9,338|1,772
5
4,678
4,833
37,236| ||24,147|48,524| ## ## ## |Education advisory suppor|t income is deferred so as to reco|gnise the income at the time the service|is provided.| |---|---|---|---| |||2021|2020| |Deferred income brought
forward
Income invoiced in period
Deferred income carried forward||37,371
66,854
(44,508)|45,227
53,076
(37,371)| |Income recognised for the|period|59,717|60,932| ||2021|2020| |---|---|---| ||f,|| |Deferred income brought
forward||| |Income received
Deferred income canied forward|30,000
(16,813)|| |Income recognised for the period|13,187|| ||2021|2020| ||8|| |Education Advisory
Support incoine carried forward
Bursary income carried forward|44,508
16,813|37,371| |Total deferred income|61,321|37,371| ## ## |MOVEMEN|T IN FUNDS|||||| |---|---|---|---|---|---|---| ||||||Net|| ||||||movement|At| |||||At 1.1.21|in funds|31.12.21| ||||||f|| |Unrestricted|funds|||||| |General
fund||||88,683|176,373|265,056| |Restricted funds||||||| |CTWilson Bursary fund||||15,189|(15,189)|| |TOTAL FUNDS||||103,872|161,184|265,056| |Net movement|in funds, included||in the above are as foBows:|||| |||||Incotning|Resources|Movetnent| |||||resources|expended|in funds| |Unrestricted|funds|||6|f,|| |Geneml fund||||560,036|(383,663)|176,373| |Restricted funds||||||| |Cl' Wilson Bursary fund||||13,188|(28,377)|(15,189)| |TOTAL FUNDS||||573,224|(412,040)|161,184| |Comparatives|for movement|in|funds|||| ||||||Net|| ||||||movement|At| |||||At 1.1.20|in funds|31.12.20| |Unrestricted|funds|||||| |General fund||||198,435|(109,752)|88,683| |Restricted funds||||||| |CTWilson Bursary fund||||19,725|(4,536)|15,189| |TOTAL FUNDS||||218,160|(114,288)|103,872| ## ## ## ## ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| |Unrestricted
funds|||| |General fund|222/36|(331,988)|(109,752)| |Restricted funds|||| |CTWilson Bursary fund|15|(4,551)|(4,536)| |TOTAL FUNDS|222451|(336,539)|(114,288)| |A current year 12months and prior year 12months combined position is as follows:|||| |||Net|| |||movement|At| ||At 1.1.20|in funds|31.12.21| |Unrestricted
funds|||| |General fund|198,435|66,621|265,056| |Restricted funds|||| |CTWilson Bursary fund|19,725|(19,725)|| |TOTAL FUNDS|218,160|46,896|265,056| ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| |Unrestricted
funds||6|| |General fund|782,272|(715,651)|66,621| |Restricted funds|||| |CTWilson Bursary fund|13,203|(32,928)|(19,725)| |TOTAL FUNDS|795,475|(748,579)|46,896| ## ## ## ##