## ||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|4| |Independent
Examiner's|Report|||| |Statement ofFinancial|Activities|||| |Balance Sheet||||| |Notes to the Financial Statements||8|to|16| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| |||Notes|funds
f|funds
f|funds|funds
F| |INCOME AND ENDOWMENTS|FROM|||||| |Donations
and legacies|||34,983||34,983|11,531| |Charitable
activities||||||| |Outdoor education
provision|||55,171||55,171|105,380| |Investment
income|||78||78|4| |Other income|||5,467||5,467|62,256| |Total|||95,699||95,699|179,171| |EXPENDITURE ON||||||| |Charitable
activities||||||| |Outdoor education
provision|||143,434|1,345|144,779|276,617| |Governance
costs|||18,764||18,764|17,020| |Total|||162,198|1,345|163,543|293,637| |NET INCOME/(EXPENDITURE)|||(66,499)|(1,345)|(67,844)|(114,466)| |RECONCILIATION
OF FUNDS||||||| |Total funds brought
forward|||686,334|66,061|752,395|866,861| |TOTAL FUNDS CARRIED FORWARD|||619,835|64,716|684,551|752,395| ||||||2022|2021| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| |||Notes|funds
f|funds
f|funds|funds
f| |FIXEDASSETS||||||| |Tangible assets||11|806,601|36,753|843,354|857,383| |CURRENT ASSETS||||||| |Stocks||12|4,635||4,635|4,542| |Debtors||13|5,287||5,287|2,546| |Cash at bank and|in hand||25,640|27,963|53,603|157,694| ||||35,562|27,963|63,525|164,782| |CREDITORS||||||| |Amounts
falling due within one year||14|(31,543)||(31,543)|(84,115)| |NET CURRENT ASSETS|||4,019|27,963|31,982|80,667| |TOTAL ASSETS|LESSCURRENT LIABILITIES||810,620|64,716|875,336|938,050| |CREDITORS||||||| |Amounts
falling due after more than one year||15|(190,785)||(190,785)|(185,655)| |NETASSETS|||619,835|64,716|684,551|752,395| |FUNDS||19||||| |Unrestricted
funds|||||619,835|686,334| |Restricted funds|||||64,716|66,061| |TOTAL FUNDS|||||684,551|752,395| ## ## ## ## ## ## ## ## ## ## ## ## ||Activity||2022f|2021| |---|---|---|---|---| |Residential fees|Outdoor education|provision|54,148|68,940| |Miscellaneous
income|Outdoor education|provision||200| |Tuck shop income|Outdoor education|provision|723|1,268| |Day activities|Outdoor education|provision|300|34,972| ||||55,171|105,380| |OTHER INCOME||||| ||||2022f|2021
f.| |Sundry income|||300|1,320| |Government
grants|||2,667|60,936| |GIR aid tax refunded|||2,500|| ||||5,467|62,256| ## |||||||Support|| |---|---|---|---|---|---|---|---| ||||||Direct|costs (see|| ||||||Costs|note 7)|Totals| |||||||F|f.| ||Outdoor education||provision||144,779||144,779| ||Governance|costs||||18,764|18,764| ||||||144,779|18,764|163,543| |7.|SUPPORT COSTS||||||| ||||||||Governance| ||||||||costs| ||Governance|costs||||Governance|18,764| ||Support costs, included|||in the above, are as follows:|||| |||||||2022|2021| ||||||||Total| |||||||costs
f|activities
f| ||Wages|||||3,565|3,137| ||Social security|||||270|335| ||Pensions|||||117|157| ||Postage and|stationery||||193|183| ||Independent|examiners||fees||4,278|3,918| ||Payroll and bookkeeping
Legal Fees|||services||4,752|2,598
3,262| ||Bank charges|||||67|7| ||Interest payable and similar charges|||||5,522|3,423| |||||||18,764|17,020| ## ## |Net income/(exp|enditure)
is stated after charging/(crediting):||| |---|---|---|---| |||2022
E|2021f| |Depreciation
-|owned assets|13,336|20,077| |Other operating|leases|634|200| |Deficit on disposal offixed assets||693|727| ## ## ## ## |There
were
no
tru
31 December 2021.|stees'
expenses
paid|for the
year
ended
31 December|2022 nor for t|he year
end| |---|---|---|---|---| |STAFF COSTS||||| ||||2022|2021| ||||6|| |Wages and salaries|||53,053|162,006| |Social security costs|||1,565|5,662| |Other pension costs|||1,615|5,081| ||||56,233|172,749| |The average
monthly|number ofemployees|during the year was as follows:||| ||||2022|2021| |Instructors
and ancillary staff|||2|7| ## ## |TANGIBLE FIXEDASSETS|||| |---|---|---|---| |||Property|Property| ||Freehold|improvements|improvements-| ||property
f|-general
6|restricted
6| |COST OR VALUATION|||| |At 1 January 2022|822,641|128,160|52,687| |Disposals|||| |At 31 December 2022|822,641|128,160|52,687| |DEPRECIATION|||| |At 1 January 2022|18,106|121,568|15,434| |Charge for year|9,053|625|1,054| |Eliminated
on disposal|||| |At 31 December 2022|27,159|122,193|16,488| |NET BOOK VALUE|||| |At 31 December 2022|795,482|5,967|36,199| |At 31 December 2021|804,535|6,592|37,253| ## |TANGIBLE FIXEDASSETS|- continued|||||| |---|---|---|---|---|---|---| ||||Fixtures|||| |||Equipment-|and|Motor||| |||general|fittings
f|vehicles
6|Totals
f|| |COST OR VALUATION||||||| |At 1 January 2022||110,129|32,296|95,098|1,241,011|| |Disposals||(3,843)|(7,591)||(11,434)|| |At 31 December 2022||106,286|24,705|95,098|1,229,577|| |DEPRECIATION||||||| |At 1 January 2022||103,597|29,825|95,098|383,628|| |Charge for year||1,872|732||13,336|| |Eliminated
on disposal||(3,157)|(7,584)||(10,741 )|| |At 31 December 2022||102,312|22,973|95,098|386,223|| |NET BOOK VALUE||||||| |At 31 December 2022||3,974|1,732||843,354|| |At 31 December 2021||6,532|2,471||857,383|| |Included
in cost or valuation|of land and buildings|is freehold|land off370,000|(2021 - f370,000)|which
is|not| |depreciated.||||||| ||||||||Property|Property| |---|---|---|---|---|---|---|---|---| |||||||Freehold|improvements|improvements-| |||||||property
f|-general|restricted| |Valuation|in|2020||||446,267||| |Cost||||||376,374|128,160|52,687| |||||||822,641|128,160|52,687| |||||||Fixtures||| ||||||Equipment-|and|Motor|| ||||||general
f|fittings
8|vehicles
f|Totals| |Valuation|in|2020||||||446,267| |Cost|||||106,286|24,705|95,098|783,310| ||||||106,286|24,705|95,098|1,229,577| |Ifland and|buildings||had|not been revalued|they would have been|included at the following
historical||cost:| ||||||||2022|2021| ||||||||6|E| |Cost|||||||376,374|376,374| |Aggregate|depreciation||||||135,321|130,394| |Value ofland||in freehold||land and buildings|||370,000|370,000| |||||Low Mill Outdoo|Low Mill Outdoo|Low Mill Outdoo|Low Mill Outdoo|r||Edu|cation
Centre CIO||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||Notes to the Fin||||n|i|I|ments - continued||| ||||||for|h|Year End||||1 D||| |12.|STOCKS||||||||||||| |||||||||||||2022|2021| |||||||||||||L|| ||Stocks|||||||||||4,635|4,542| |13.|DEBTORS:AMOUNTS||FALLING DUE WITHIN|||||ONE|||YEAR||| |||||||||||||2022|2021| |||||||||||||E|6| ||Trade debtors|||||||||||2,200|| ||Other debtors|||||||||||2,500|900| ||Prepayments|||||||||||587|1,646| |||||||||||||5,287|2,546| |14.|CREDITORS: AMOUNTS|||FALLING||DUE WITHIN||||ONE YEAR|||| |||||||||||||2022|2021| |||||||||||||6|6| ||Bank loans and overdraRs|||(see|note|16)||||||9,867|9,623| ||Trade creditors|||||||||||835|20,602| ||Social security and other||taxes||||||||||2,692| ||Other creditors|||||||||||56|797| ||Accruals and deferred|income||||||||||14,964|44,629| ||Accrued expenses|||||||||||5,821|5,772| |||||||||||||31,543|84,115| |15.|CREDITORS: AMOUNTS|||FALLING||DUE AFTER||||MORE THAN ONE YEAR|||| |||||||||||||2022|2021| ||Bank loans (see note|16)||||||||||25,785|35,655| ||Other loans (see note 16)|||||||||||165,000|150,000| |||||||||||||190,785|185,655| |16.|LOANS||||||||||||| ||An analysis ofthe maturity|||ofloans is given below:|||||||||| |||||||||||||2022
f|2021
5| ||Amounts
falling due within|||one year on demand:|||||||||| ||Bank loans|||||||||||9,867|9,623| ||Amounts
falling due between
two and|||||five years:|||||||| ||Bankloans|||||||||||25,785|35,655| ||Otherloans|||||||||||15,000|| |||||||||||||40,785|35,655| ||Amounts
falling due in more than||||five|years:|||||||| ||Repayable
otherwise|than||by instalments:|||||||||| ||Other loans repayable|after five years||||||||||150,000|150,000| ## ## ## ## |Minimum
leas|e payments
under non-canc|ellable
operating
leases fall d|ue as follows:|| |---|---|---|---|---| ||||2022|2021| |||||F| |Within one year|||562|562| |Between one|and five years||1,403|1,965| ||||1,965|2,527| |SECURED DEBTS||||| |The following|secured debts are included|within creditors:||| ||||2022|2021| |||||6| |Bankloans|||35,652|45,278| |Other loans|||165,000|150,000| ||||200,652|195,278| ## ## ||||||Net|Transfers|| |---|---|---|---|---|---|---|---| ||||||movement|between|At| |||||At 1.1.22
f|in funds
E|funds
6|31.12.22
E| |Unrestricted
funds|||||||| |General|fund|||685,738|(66,499)|596|619,835| |Friends|of Low|Mill||596||(596)|| |||||686,334|(66,499)||619,835| |Restricted funds|||||||| |Building|Refurbishments|||40,963|(1,345)||39,618| |Minibus|Replacement||fund|14,721|||14,721| |Bursary|fund|||10,377|||10,377| |||||66,061|(1,345)||64,716| |TOTAL|FUNDS|||752,395|(67,844)||684,551| |Net movement||in funds, included||in the above are as follows:|||| ||||||Incoming|Resources|Movement| ||||||resources|expended|in funds| ||||||6|6|| |Unrestricted
funds|||||||| |General|fund||||95,699|(162,198)|(66,499)| |Restricted funds|||||||| |Building|Refurbishments|||||(1,345)|(1,345)| |TOTAL|FUNDS||||95,699|(163,543)|(67,844)| ## ## ## |Compar|atives|for mo|veme|nt
in funds|||| |---|---|---|---|---|---|---|---| |||||||Net|| |||||||movement|At| ||||||At 1.1.21|in funds
8|31.12.21
f| |Unrestricted||funds|||||| |General|fund||||800,244|(114,506)|685,738| |Friends|of Low Mill||||386|210|596| ||||||800,630|(114,296)|686,334| |Restricted funds|||||||| |Building|Refurbishments||||42,308|(1,345)|40,963| |Minibus|Replacement||fund||14,721||14,721| |Bursary|fund||||9,202|1,175|10,377| ||||||66,231|(170)|66,061| |TOTAL|FUNDS||||866,861|(114,466)|752,395| |Comparative||net movement||in funds, included|in the above are as follows:||| ||||||Incoming|Resources|Movement| ||||||resources|expended|in funds| ||||||f.||6| |Unrestncted||funds|||||| |General|fund||||177,786|(292,292)|(114,506)| |Friends|ofLow Mill||||210||210| ||||||177,996|(292,292)|(114,296)| |Restricted funds|||||||| |Building|Refurbishments|||||(1,345)|(1,345)| |Bursary|fund||||1,175||1,175| ||||||1,175|(1,345)|(170)| |TOTAL|FUNDS||||179,171|(293,637)|(114,466)| |A curren|t year 12mo|nths and pdior yea|r 12 months
combined
po|sition
is as follow|s:|| |---|---|---|---|---|---|---| |||||Net|Transfers|| |||||movement|between|At| ||||At 1.1.21|in funds
f|funds|31.12.22
E| |Unrestricted
funds||||||| |General|fund||800,244|(181,005)|596|619,835| |Friends|of Low Mill||386|210|(596)|| ||||800,630|(180,795)||619,835| |Restricted funds||||||| |Building|Refurbishments||42,308|(2,690)||39,618| |Minibus|Replacement|fund|14,721|||14,721| |Bursary|fund||9,202|1,175||10,377| ||||66,231|(1,515)||64,716| |TOTAL|FUNDS||866,861|(182,310)||684,551| ## ## ## ## ## ## ## ## ##