2023-08-31-accounts

ontents	ontents	ontents	ontents	ontents
REPORT OF THE TRUSTEES FORTHE YEAR ENDED 31AUGUST 2023 ...					.......3
Whc we work with —and why.					.......4
OBJECTIVES,AIMS AND ACTIVITIES.					.5
Our objectives.					.......5
Our aims					.......5
Significant activities ..					.......6
Our plans for 2023/24. .......................... .. ...					.......9
Our Finances ..					.......9
Income snd expenditure ..					.....10
Reserves Policy.					.10
Public benefit. .					.....11
Governing document .					.....11
Charity constitution .					.....11
Recruitment and appointment	ofnew	trustees ..			.11
Organisational structure					.....11
Related parties					.....12
Reference and administrative	details	..			.....12
Statement ofTrustees' responsibilities. .					.....13
AUDITORS.					.....13
Opinion					.....14
Basis for opinion					. .14
Conclusions relating to going	concern	..			.....14
Other information ..					.14
Opinions on other matters prescribed		by the Companies	Act 2006......		.....15
Matters on which we are required to report by exception			..		.15
Responsibilities oftrustees.					.15
Our responsibilities for the audit ofthe financial statements				..	.....15
Use ofour report. ..					.. .16
STATEMENT OF FINANCIAL	ACTIVITIES..				..17
BALANCE SHEET					..18
NOTES TO THE FINANCIAL STATEMENTS..					..19-25

						2023	2022
				Unrestricted	Resaicted	Total	Total
			Notes	fund f	funds f	funds f	fundsf
INCONIE AND ENDOWMENTS		FROM
Donations and legacies				32,537	15,002	47,539	136,604
Charitable activities
Widening access to	higher education			243,458	22,000	265,458	216,166
Other income				5,000		5,000	5,608
Total				~280 995	37,002	~317997	360,778
EXPENDITURE ON
Raising funds				8,527		8,527	8,664
Charitable activities			2
Widening access to	higher education			~245607	~94282	339,889	260,601
Total				~254 134	~94282	348,416	269,265
NET INCOME/(EXPENDITURE)				26,861	(57,280)	(30,419)	91,513
RECONCILIATION	OF FUNDS
Total funds brought	forward			245,472	57,280	302,752	211,239
TOTAL FUNDS CARRIED FORWARD				272,333		272,333	302,752

				2023	2022
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	5	8	8
CURRENT ASSETS
Debtors	8	212,877		212,877	109,240
Cash at bank		~415153		415&153	459,294
		627,8$0		627,8$0	568,534
CREDITORS
Amounts falling due within one year	9	(355,497)		($55,497)	(265,782)
NET CURRENT ASSETS		~272 333		~272333	~302752
TOTAL ASSETSLESSCURRENT
LIABILITIES		272,333		272,333	302,752
NET ASSETS		272,333		~272 333	302,752
FUNDS	10
Unrestricted funds				272,333	245,472
Restricted funds					57,280
TOTAL FUNDS				272,333302,752

				Support
			Direct	costs (see
			Costs E	note 3) E	Totals f
Widening	access to higher	education	~253678	~86 211	339,889
SUPPORT COSTS
				Governance
			Management E	costs E	Totals f
Widening	access to higher	education	83,041	3,170	86,211
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				2023	2022
				E	E
Auditors'	remuneration			~3170	2,550

		2023	2022
		f	E
Wages	and salaries	205,729	154,435
Social	security costs	21,841	17,134
Other	pension costs	8,350	7,508
		235,920	179,080

The average	monthly number ofemployees durin	g the year was as follows:
		2023	2022
Management		1	1
Programme	delivery	5	3
		6	4

2023	2022
1

			Unrestricted	Restricted	Total
			fund	funds	funds
			E	6	6
INCOME AND ENDOWMENTS		FROM
Donations and legacies			129,184	7,620	136,804
Charitable activities
Widening access to	higher education		217,625		218,166
Other income			5,808		5,808
Total			352,617	~8161	360,778
EXPENDITURE ON
Raising funds			8,664		8,664
Charitable activities
Widening access to	higher education		199,299	61,302	260,601
Total			207,963	61,302	269,265
NET INCOMEI(EXPENDITURE)			144,654	(53,141)	91,513
RECONCILIATION	OF FUNDS
Total funds brought	forward		100,818	110,421	211,239
TOTAL FUNDS CARRIED FORWARD			245,472	57,280	302.752

DEBTORS:AMOUNT	S F	ALLING DUE WITHIN ONE YEAR
			2023	2022
			8	6
Trade debtors Prepayments and accrued		income	207,260 ~5417	108,300 940
			212,677	109,240
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
			2023	2022
				g
Trade creditors			3,390	1,005
Social security and other taxes			7,809	7,294
VAT			49,277	37,923
Other creditors			27,153	2,016
Accruals and deferred	income		207,888	217,544
			~355497	265,782

MOVEMENT IN FUN	DS
			Net
			movement	At
		At 1.9.22	in funds	31.8.23
Unrestricted funds
General fund		245.472	26,861	272,333
Restricted funds
North East fund		7,581	(7,581)
Programme manager Kings College fund	fund	45,657 4,042	(45,657) ~4042)
		57,280	57280
TOTAL FUNDS		302,752	~30410)	272,333

Net movement in fund	s, included in the abo	ve are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		6		6
Unrestricted funds
General fund		280,995	(254,134)	26,861
Restricted funds
Summer school		22,000	(22,000)
North East fund		1	(7,582)	(7,581)
Data dashboard		15,000	(15,000)
Programme manager Kings College fund	fund	1	(45,658) ~042	(45,657) ~4042
		~37002	~94282	57280
TOTAL FUNDS		317,997	(348,4166)	30,419

Comparatives for m	ovement in funds
			Net
			movement	At
		At 1.9.21	in funds	31.8.22
		6	E
Unrestricted funds
General fund		100,818	144,654	245,472
Restricted funds
Summer school		8,026	(8,026)
North East fund		7,395	186	7,581
Data dashboard		15,000	(15,000)
Programme manager	fund	80,000	(34,343)	45,657
Kings College fund			4,042	4,042
		110,421	53,141	57,280
TOTAL FUNDS		211239	91,513	302,752

Comparative net mov	emen	t in funds, included in the above a	re as follows	:
			Incoming	Resources	Movement
			resources	expended	in funds
			6	6	6
Unrestricted funds
General fund			352,617	(207,963)	144,654
Restricted funds
Summer school			541	(8,567)	(8,026)
North East fund			2,620	(2,434)	186
Data dashboard				(15,000)	(15,000)
Programme manager Kings College fund	fund		5,000	(34,343) ~958)	(34,343) 4,042
			8161	~61,302	53 141
TOTAL FUNDS			360,778	~269,265)	91,513
A current year 12months		and prior year 12months combined	position is as follows:
				Net
				movement	At
			At 1.9.21	in funds	31.8.23
			6	6	6
Unrestricted funds
General fund			100,818	171,515	272,333
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			211,239	61,094	272,333

A current year 12mo above are as follows:	nths and prior year 12	months combined net movem	ent in funds, i	nduded in th
		Incoming	Resources	Movement
		resources	expended f	in funds 6
Unrestricted funds
General fund		633,612	(462,097)	171,515
Restricted funds
Summer school		22,541	(30,567)	(8,026)
North East fund		2,621	(10,016)	(7,395)
Data dashboard		15,000	(30,000)	(15,000)
Programme manager Kings College fund	fund	1 5,000	(80,001) ~5,000)	(80,000)
		45,163	155,584	~tt0,421
TOTAL FUNDS		678,775	~617,681)	61,094