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|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|
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|||||||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||
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|||||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|
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|||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|
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|2023|2022|
|---|---|
|1||
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||||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|
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|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|
##
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|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|
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|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|
##
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|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|
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|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|
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