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|||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|
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||||||||||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|
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|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|
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||||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|