||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||I|to|6|
|Independent<br>Examiner's Report|||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Cash Flow Statement|||10||
|Notes to the Cash Flow Statement|||||
|Notes to the Financial|Statements|12|to|17|
|Detailed Statement ofFinancial Activities||18|to|19|





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|Registered Charity number|
|---|
|1184444|
|Registered office|
|St.Margarets<br>Centre|
|103Whitnash<br>Road|
|Whitnash|
|Leamington<br>Spa|
|Warwickshire|
|CV31 2HB|
|Trustees|
|Mr G Howe|
|Mr CSnelson|
|Mrs LNash|
|SCrook|
|Reverend BINash|
|Independent<br>Examiner|
|Francis dt Co|
|Second Floor|
|123Promenade|
|Cheltenham|
|Gloucestershire|
|GLSO INW|





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|||||31.12.22|31.1201|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME|AND ENDOWMENTS FROM|||||
|Donations|and legacies|||815|6,062|
|Charitable|activities|||||
|General||||||
|||||864,276|587,288|
|Investment|income|||||
|||||30||
|Total||||||
|||||865,121|593,351|
|EXPENDITURE ON||||||
|Raising funds||||22,481|11,450|
|Charitable|activities|||||
|General||||||
|||||776,109|537,466|
|Total||||||
|||||798,590|548,916|
|NET INCOME||||||
|||||66,53I|44,435|
|RECONCILIATION||OF FUNDS||||
|Total funds|brought forward|||343,108|298,673|
|TOTAL FUNDS CARRIED FORWARD||||409,639|343,108|





|Balance Sheet||||
|---|---|---|---|
|31December 2022||||
|||31.12.22|31.12.21|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Tangible assets|12|4,221|3,754|
|CURRENT ASSETS||||
|Debtors|13|364,312|144,895|
|Cash at bank||497,034|298,966|
|||861,346|443,86'I|
|CREDITORS||||
|Amounts<br>falling due within one year|14|(455,928)|(104,507)|
|NET CURRENT ASSETS||405,418|339,354|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||409,639|343,108|
|NET ASSETS||409,639|343,108|
|FUNDS|15|||
|Unrestricted<br>funds||409,639|343,108|
|TOTAL FUNDS||409,639|343,108|





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|for the Year Ended 31Dece|mber 2022||||
|---|---|---|---|---|
||||31.12.22|31.12.21|
|||Notes|f.|f|
|Cash flows from operating|activities||||
|Cash generated<br>&om operations|||200,261|45,143|
|Tax paid|||||
|Net cash provided<br>by operating<br>activities|||200,261|45,587|
|Cash flows from investing|activities||||
|Purchase oftangible fixed assets|||(2,223)||
|Interest received|||30||
|Net cash (used in)/provided|by investing|activities|(2,193)||
|Change in cash and cash equivalents||in|||
|the reporting<br>period<br>Cash and cash equivalents|at the||198,068|45,588|
|beginning<br>ofthe reporting|period||298,966|253,378|
|Cash and cash equivalents|at the end|of|||
|the reporting<br>period|||497,034|298,966|





|RECONCILIATIO|N<br>OFNE|T INCOME TO NET CASH FLOW FROM|OPERATING|~|
|---|---|---|---|---|
||||31.12.22|31.12.21|
|Net income for the|reporting|period (as per the Statement ofFinancial|||
|Activities)|||66,531|44,435|
|Adjustments<br>for:|||||
|Depreciation<br>charges|||1,756|1,423|
|Interest received|||(30)|(1)|
|Decrease in stocks||||3,400|
|Increase in debtors|||(219,417)|(100&758)|
|Increase in creditors|||351,421|96,644|
|Net cash provided|by operations||200,261|45,143|



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|ANALYSIS OF CHANGES IN NET|FUNDS|||
|---|---|---|---|
||At 1.1.22|Cash flow|At31.12.22|
|Net cash||||
|Cash at bank|298,966|198,068|497,034|
||298,966|198,068|497,034|
|Total|298,966|198,068|497,034|





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|2.|DONATIONS<br>AND LEGACIES|DONATIONS<br>AND LEGACIES|DONATIONS<br>AND LEGACIES|||
|---|---|---|---|---|---|
|||||31.12.22|31.12.21|
||Donations|||93|1,500|
||Grants|||722|4,562|
|||||815|6,062|
||Grants received, included||in the above, are as follows:|||
|||||31.12.22|31.12.21|
||||||f|
||General|||722|4,562|
|3.|INVESTMENT INCOME|||||
|||||31.12.22|31.12.21|
|||||f.||
||interest receivable - trading|||30|1|
|4.|INCOME FROM CHARITABLE ACTIVITIES|||||
|||||31.12.22|31.12.21|
||||Activity|||
||Learning|centre income|General|864,276|587,288|
||RAISING FUNDS|||||
||Other trading activities|||||
|||||31.12.22|31.12.21|
||Opening stock||||3,400|
||Purchases|||20,725|6,627|
||Depreciation|||1,756|1,423|
|||||22,481|11,450|
|6.|CHARITABLE ACTIVITIES COSTS|||||
||||||Support|
||||||costs (see|
||||||note 7)|
||General||||776,109|





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||||||||Governance||
|---|---|---|---|---|---|---|---|---|
||||||Management|Finance|costs|Totals|
||General||||761,529|915|13,665|776,109|
|8.|NET INCOME/(EXPENDITURE)||||||||
||Net income/(expenditure)|||is stated|aiier charging/(crediting):||||
||||||||31.12.22|31.12.21|
|||||||||I|
||Depreciation||- owned assets||||1,756|1,423|
|9.|TRUSTEES'||REMUNERATION||AND BENEFITS||||
||||||||31.12.22|31.12.21|
||Trustees'|salaries|||||1,103|6,950|
||Trustees'|expenses|||||||



|STAFFCOSTS|||||
|---|---|---|---|---|
||||31.12.22|31.12.21|
|Wages and salaries|||448,515|366,849|
|Social security costs|||31,338|23,204|
|Other pension costs|||56,827|7,905|
||||536,680|397,958|
|The average monthly|number ofemployees|during the year was as follows:|||
||||31.12.22|31.12.21|
|General administration|||26|28|





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|11.|COMPAR|ATIVES F|ORTHE STATEMENT OF FINANCIAL AC|TIVITIES|
|---|---|---|---|---|
|||||Unrestricted|
|||||fund|
||INCOME|AND ENDOWMENTS FROM|||
||Donations|and legacies||6,062|
||Charitable|activities|||
||General|||587,288|
||Investment|income|||
||Total|||593,351|
||EXPENDITURE ON||||
||Raising funds|||11,450|
||Charitable|activities|||
||General|||537,466|
||Total|||548,916|
||NET INCOME|||44,435|
||RECONCILIATION||OF FUNDS||
||Total funds|brought forward||298,673|
||TOTAL FUNDS CARRIED FORWARD|||343,108|
|12.|TANGIBLE FIXEDASSETS||||



|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
|||Fixtures||
||Plant and|and||
||machinery|fittings|Totals|
|COST||||
|At 1January 2022|4,434|23,108|27,542|
|Additions||2i223|2223|
|At 31December 2022|4,434|25,331|29,765|
|DEPRECIATION||||
|At 1 January 2022|4,434|19,354|23,788|
|Charge for year||1,756|1,756|
|At 31December 2022|4,434|21,110|25,544|
|NET BOOKVALUE||||
|At 31December 2022||4,221|4,221|
|At 31December 2021||3,754|3,754|





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|13.|DEBTORS:|A|MOUNTS FA|LL|ING DUE WITHIN ONE Y|EAR|||
|---|---|---|---|---|---|---|---|---|
||||||||31.12.22|31.12.21|
||||||||f.||
||Trade debtors||||||354,133|136,080|
||Other debtors||||||42|924|
||Prepayments|and accrued income|||||10,137|7,891|
||||||||364,312|144,895|
|14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE|||||YEAR|||
||||||||31.12.22|31.12.21|
||Trade creditors||||||14,664|248|
||Social security||and other taxes||||9,411|2,451|
||Other creditors||||||10|665|
||Accruals and|deferred income|||||431,843|101,143|
||||||||455,928|104,507|
|15.|MOVEMENT||IN FUNDS||||||
||||||||Net||
||||||||movement|At|
|||||||At 1.1.22|in funds|31.12.22|
||Unrestricted|funds|||||||
||General fund|||||343,108|66,531|409,639|
||TOTALFUNDS|||||343,108|66,531|409,639|
||Net movement||in funds, included||in the above are as follows:||||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
||Unrestricted|fbnds|||||||
||General fund|||||865,121|(798,590)|66,531|
||TOTAL FUNDS|||||865,121|(798,590)|66,53I|
||Comparatives||for movement|in|funds||||
||||||||Net||
||||||||movement|At|
|||||||At 1.1.21|in funds|31.12.21|
||Unrestricted|funds|||||||
||General fund|||||298,673|44,435|343,108|
||TOTALFUNDS|||||298,673|44,435|343,108|





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|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||593,351|(548,916)|44,435|
|TOTALFUNDS||593,351|(548,916)|44,435|



||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.21|in funds|31.12.22|
||||f.||
|Unrestricted|funds||||
|General fund||298,673|110,966|409,639|
|TOTAL FUNDS||298,673|110,966|409,639|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources<br>I|expended|in funds|
|Unrestricted|funds||||
|General fund||1,458,472|(1,347,506)|110,966|
|TOTALFUNDS||1,458,472|(1,347,506)|110,966|



## 



|Detailed Statement ofFinancial Activities<br>for the Year Ended 31December 2022|||
|---|---|---|
||31.12.22|31.12.21|
|INCOME AND ENDOWMENTS|||
|Donations<br>and legacies|||
|Donations|93|1,500|
|Grants|722|4,562|
||815|6,062|
|Investment<br>income|||
|Interest receivable - trading|30||
|Charitable<br>activities|||
|Learning centre income|864,276|587,288|
|Total incoming resources|865,121|593,351|
|EXPENDITURE|||
|Other trading<br>activities|||
|Opening work in progress||3,400|
|Purchases<br>Depreciation oftangible fixed assets|20,725<br>1,756|6,627<br>1,423|
||22,481|11,450|
|Support costs|||
|Management|||
|Trustees' salaries|1,103|6,950|
|Wages<br>Social security<br>Pensions<br>Insurance<br>Telephone<br>Postage and stationery<br>Sundries<br>Subcontract cost<br>Room hire and catering<br>Travel and subsistence<br>Stafftraining<br>and welfare<br>Computer<br>costs<br>Subscriptions|447,412<br>31,338<br>56,827<br>11,270<br>679<br>7,483<br>1,923<br>84,629<br>64,736<br>35,783<br>14,257<br>1,233<br>2,856|359,899<br>23,204<br>7,905<br>9,792<br>2,099<br>7,597<br>1/29<br>42,425<br>48,857<br>8,485<br>3,748<br>3,593<br>485|
||761,529|526,368|
|Finance|||
|Bank charges|915|670|
|Governance<br>costs|||
|Accountancy<br>Carried forward|3,860<br>3,860|5,363<br>5,363|





|31.12.22|31.12.21|
|---|---|
|3,860|5,363|
|2,194|3,089|
|7,611|1,976|
|13,665|10,428|
|798,590|548,916|
|66,531|44,435|