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2021-08-31-accounts

		Page
Report ofthe Trustees	1	to	7
Report ofthe Independent Auditors	8	to	10
Statement of Financial Activities
Balance Sheet		12
Notes to the Financial Statements	13	to	18
Detailed Statement of Financial Activities	19	to	20

									Period
									26.3.19
								Year Ended	to
								31.8.21	31.8.20
						Unrestricted	Restricted	Total	Total
						fund	funds	funds	funds
					Notes	F	E
INCOME AND ENDOWMENTS				FROM
Donations	and legacies					20,167	138,885	159,052	19,860
Charitable	activities
Widening	access to		higher education			181,375	23,410	204,785	132,453
Total						201,542	162,295	363,837	152,313
EXPENDITURE ON
Charitable	activities
Widening	access to		higher education			104,555	51,874	156,429	148,482
NET INCOME						96,987	110,421	207,408	3,831
RECONCILIATION		OF FUNDS
Total funds brought			forward			3,831		3,831
TOTAL FUNDS CARRIED FORWARD						100,818	110,421	211,239	3,831

				2021	2020
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	E	E		E
CURRENT ASSETS
Debtors		113,629	41,710	155,339	46,809
Cash at bank		258,372	96,935	355,307	131,711
		372,001	138,645	510,646	178,520
CREDITORS
Amounts falling due within one year	9	(271,183)	(28,224)	(299,407)	(174,689)
NET CURRENT ASSETS		100,818	110,421	211,239	3,831
TOTAL ASSETS LESSCURRENT
LIABILITIES		100,818	110,421	211,239	3,831
NET ASSETS/(LIABILITIES)		100,818	110,421	211,239	3,831
FUNDS	10
Unrestricted funds				100,818	3,831
Restricted funds				110,421
TOTAL FUNDS				211,239	3,831

CHARITABLE ACTIVITIES COSTS
		Support
	Direct	costs (see
	Costs	note 3)	Totals
	E		E
Widening access to higher education	135,717	20,712	156,429
SUPPORT COSTS
		Governance
	Management	costs	Totals
Widening access to higher education	18,212	2,500	20,712

			Period
			26.3.19
		Year Ended	to
		31.8.21	31.8.20
		K	E
Auditors'	remuneration	2,500	2,500

			Period
			26.3.19
		Year Ended	to
		31.8.21	31.8.20
		f
Wages	and salaries	90,037	61,864
Social	security costs	3,677	1,315
Other	pension costs	4,322	2,421
		98,036	65,600

	The average monthly	nu	mber o	femp	loyees during the year w	as as follow	s:
								Period
								26.3.19
							Year Ended	to
							31.8.21	31.8.20
	Management						2	1
	No employees received		emoluments		in excess of660,000.
	COMPARATIVES FOR		THE STATEMENT OF FINANCIAL ACTIVITIES
						Unrestricted	Restricted	Total
						fund	funds	funds
						E		E
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies					19,859		19,859
	Charitable activities
	Widening access to	higher education				69,333	63,121	132,454
	Total					89,192	63,121	152,313
	EXPENDITURE ON
	Charitable activities
	Widening access to	higher education				85,213	63,269	148,482
	NET INCOME/(EXPENDITURE)					3,980	(149)	3,831
	Transfers between	funds				~149)	149
	Net movement in funds					3,831		3,831
	TOTAL FUNDS CARRIED FORWARD					3,831		3,831
8.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
							2021	2020
								E
	Trade debtors						91,658	41,550
	Prepayments and accrued income						63,681	5,259
							155,339	46,809

9.	CREDITORS: AMOU	NT	S FALLI	NG DUE WITHIN ONE YEA	R
						2021	2020
						f	E
	Social security and other		taxes			1,839
	VAT					41,830	19,379
	Other creditors						13,335
	Accruals and deferred	income				255,738	141,975
						299,407	174,689
10.	MOVEMENT IN FUNDS
						Net
						movement	At
					At 1.9.20	in funds	31.8.21
					E	E	E
	Unrestricted funds
	General fund				3,831	96,987	100,818
	Restricted funds
	Summer school					8,026	8,026
	North East fund					7,395	7,395
	Data dashboard					15,000	15,000
	Programme manager	fund				80,000	80,000
						110,421	110,421
	TOTAL FUNDS				3,831	207,408	211,239
	Net movement in funds,		included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
					F
	Unrestricted funds
	General fund				201,542	(104,555)	96,987
	Restricted funds
	Summer school				23,409	(15,383)	8,026
	North East fund				28,886	(21,491)	7,395
	Data dashboard				30,000	(15,000)	15,000
	Programme manager	fund			80,000		80,000
					162,295	51,874	110,421
	TOTAL FUNDS				363,837	(156,429)	207,408

Compar	atives	for movement in funds
			Net	Transfers
			movement	between	At
			in funds	funds	31.8.20
			E		E
Unrestricted		funds
General	fund		3,980	(149)	3,831
Restricted funds
Summer	school		(149)	149
TOTAL	FUNDS		3,831		3,831

Compara	tive net movement in funds, inc	luded in the above are as follows	:
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General	fund	89,192	(85,212)	3,980
Restricted funds
Summer	school	63,121	(63,270)	(149)
TOTAL	FUNDS	182,313	~148,482)	3,831

						Period
						26.3.19
					Year Ended	to
					31.8.21	31.8.20
					E	E
INCOME AND	ENDOWMENTS
Donations and		legacies
Donations					167	19,860
Grants					158,885
					159,052	19,860
Charitable activities
Summer school					23,410	63,120
School partnership			fee		116,000	46,000
University partnership				fee	64,375	23,333
Third sector partnership				fee	1,000
					204,785	132,453
Total incoming		resources			363,837	152,313
EXPENDITURE
Charitable activities
Wages					90,037	61,864
Social security					3,677	1,315
Pensions					4,322	2,421
Student launch	events				13,284	25,073
Venue hire						18,171
Digital projects					15,000
Commissioning					1,750
Bursaries awarded					5,000
Advertising					1,450	1,827
Travel &accommodation					672	6,890
Training					525
					135,717	117,561
Support costs
Management
Insurance					912	742
Telephone						62
Postage and	stationery				609	650
Sundries					374	278
ITsoftware 8	consumables				2,199	735
Consultancy	fees				6,103	13,838
Carried forward					10,197	16,305

				Period
				26.3.19
			Year Ended	to
			31.8.21	31.8.20
			E	E
Management
Brought forward			10,197	16,305
Recruitment	costs		1,125	750
Payroll services			559	1,072
Accountancy		fees	4,200	4,350
Refreshments			49	2,287
Bank charges				(100)
Gifts			18	81
Irrecoverable		VAT	2,064	3,676
			18,212	28,421
Governance		costs
Auditors' remuneration			2,500	2,500
Total resources		expended	156,429	148,482
Net income			207,408	3,831