| Page | ||
|---|---|---|
| Reference and Administrative Details of the Company, its Trustees and Advisers | 1 | |
| Trustees Report | • | 2 −4 |
| Independent Examiner's Report | 5 | |
| Statement of Financial Activities | 6 | |
| Balance Sheet | 7 | |
| Notes to the Financial Statements | 8 −19 |
| **Reference ** | and Administrative Details of the Company, its Trustees and Advisers |
|---|---|
| For the Year Ended 31 July 2023 | |
| Trustees | E A Halton, Chair |
| A Gillett | |
| R J Halton | |
| K Bussey (appointed 15 June 2023) | |
| Company registered | |
| number | 11813984 |
| Charity registered | |
| number | 1188035 |
| Registered office | C/O Fortis Trust Churchill Avenue |
| Chatham | |
| Kent | |
| ME5 OLB | |
| Accountants | Williams Giles Professional Services Ltd |
| 12 Conqueror Court | |
| Sittingbourne | |
| Kent | |
| ME10 5BH |
| Restricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| Note | £ | £ | r | |
| Income from: | ||||
| Donations and legacies | 4 | 27,902 | 27,902 | 10,399 |
| Charitable activities | 5 | 409,932 | 409,932 | 304,637 |
| Other income | 6 | 140 | ||
| Total income | 437,834 | 437,834 | 315,176 | |
| Expenditure on: | ||||
| Charitable activities | 7 | 323,928 | 323,928 | 242,619 |
| Total expenditure | 323,928 | 323,928 | 242,619 | |
| Net movement in funds | 113,906 | 113,906 | 72,557 | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 102,466 | 102,466 | 29,909 | |
| Net movement in funds | 113,906 | 113,906 | 72,557 | |
| Total funds carried forward | 216,372 | 216,372 | 102,466 |
| Restricted | ||||
|---|---|---|---|---|
| Restricted | fixed asset | Total | Total | |
| funds | funds | funds | funds | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Capital Grants | 50 | 27,852 | 27,902 | 10,399 |
| Total 2022 | 10,399 | 10,399 |
| Restricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| ESFA/LA grants | 409,932 | 409,932 | 304,637 |
| Total 2022 | 304,637 | 304,637 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023 | 2023 | 2022 | |||
| £ | £ | r | |||
| Other | incoming | resources | − | 140 | |
| Total | 2022 | 140 | 140 |
| Restricted | |||
|---|---|---|---|
| funds | Total | Total | |
| 2023 | 2023 | 2022 | |
| £ | £ | r | |
| Educational support services | 323,928 | 323,928 | 242,619 |
| Total 2022 | 242,619 | 242,619 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | Total | |
| directly | costs | funds | funds | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Educational support services | 5,616 | 318,312 | 323,928 | 242,619 |
| Total 2022 | 6,294 | 236,325 | 242,619 |
| Educational | |||
|---|---|---|---|
| support | Total | Total | |
| services | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Staff development | 4,420 | 4,420 | 5,346 |
| Student development | 1,196 | 1,196 | 948 |
| 5,616 | 5,616 | 6,294 | |
| Total 2022 | 6,294 | 6,294 | |
| Analysis of support costs | |||
| Educational | |||
| support | Total | Total | |
| services | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Student development | 2,125 | 2,125 | 1,018 |
| Supplies and material | 2,639 | 2,639 | 1,803 |
| Marketing & Public Relations | 2,113 | 2,113 | 989 |
| Telephone | 2,081 | 2,081 | 2,750 |
| Rent or lease of buildings | 24,253 | 24,253 | 24,185 |
| General administrative expenses | 3,800 | 3,800 | 2,243 |
| Depreciation | 2,255 | 2,255 | 961 |
| Travel | 122 | 122 | |
| Legal and professional fees | 845 | ||
| Charitable contributions | 104 | 104 | 66 |
| Staff Wages | 219,477 | 219,477 | 149,249 |
| Sundry | 100 | ||
| Management Charges | 59,343 | 59,343 | 52,116 |
| 318,312 | 318,312 | 236,325 | |
| Total 2022 | 236,325 | 236,325 |
| 2023 | 2022 | |
|---|---|---|
| E | r | |
| Fees payable to the Company's independent examiner for the independent | ||
| examination of the Company's annual accounts | 1,800 | 1,800 |
| Fixtures and | Office | Computer | ||
|---|---|---|---|---|
| fittings | equipment | equipment | Total | |
| E | E | E | E | |
| Cost or valuation | ||||
| At 1 August 2022 | 2,562 | 2,562 | ||
| Additions | 662 | 7,647 | 8,309 | |
| Transfers between classes | (2,562) | 2,562 | ||
| At 31 July 2023 | 662 | 10,209 | 10,871 | |
| Depreciation | ||||
| At 1 August 2022 | 1,601 | 1,601 | ||
| Charge for the year | 61 | 2,194 | 2,255 | |
| Transfers between classes | (1,601) | 1,601 | ||
| At 31 July 2023 | 61 | 3,795 | 3,856 | |
| Net book value | ||||
| At 31 July 2023 | 601 | 6,414 | 7,015 | |
| At 31 July 2022 | 961 | − | 961 |
| 2023 | 2022 | |
|---|---|---|
| £ | r | |
| Due within one year | ||
| Trade debtors | 98,682 | 15 |
| Prepayments and accrued income | 9,875 | − |
| 108,557 | 15 |
| 2023 | 2022 | |
|---|---|---|
| £ | r | |
| Trade creditors | 2,657 | − |
| Accruals and deferred income | 2,280 | 31,694 |
| 4,937 | 31,694 |
| Balance at 1 | Transfers | Balance at | |||
|---|---|---|---|---|---|
| August 2022 | **Income ** | Expenditure | **in/out ** | 31 July 2023 | |
| Restricted funds | |||||
| DfE /ESFA revenue grants | 102,466 | 246,381 | (158,072) | (961) | 189,814 |
| Other government revenue | |||||
| grants | 138,506 | (138,506) | |||
| Local authority−top up | 25,095 | (25,095) | |||
| 102,466 | 409,982 | (321,673) | (961) | 189,814 | |
| Restricted fixed asset funds | |||||
| Assets held for depreciation | (2,255) | 9,270 | 7,016 | ||
| Capital grants | 27,852 | (8,309) | 19,543 | ||
| 27,852 | (2,255) | 961 | 26,558 | ||
| Total Restricted funds | 102,466 | 437,834 | (323,928) | 216,372 |
| Statement of funds −prior year | ||||
|---|---|---|---|---|
| Balance at | ||||
| 1 August | Balance at | |||
| 2021 | Income | Expenditure | 31 July 2022 | |
| Restricted funds | ||||
| DfE /ESFA revenue grants | 29,909 | 315,176 | (242,619) | 102,466 |
| **Summary ** | of funds −curre | nt year | ||||
|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Balance at | ||||
| August 2022 | **Income ** | Expenditure | **in/out ** | 31 July 2023 | ||
| £ | £ | £ | £ | £ | ||
| Restricted | funds | 102,466 | 409,982 | (321,673) | (961) | 189,814 |
| Restricted | fixed asset funds | 27,852 | (2,255) | 961 | 26,558 | |
| 102,466 | 437,834 | (323,928) | 216,372 | |||
| **Summary ** | of funds −prior | year | ||||
| Balance at | ||||||
| 1 August | Balance at | |||||
| 2021 | Income | _Expenditure _ | 31 July 2022 | |||
| Restricted | funds | 29,909 | 315,176 | (242,619) | 102,466 |
| Analysis of net assets between funds −curr | ent year | ||
|---|---|---|---|
| Restricted | |||
| Restricted | fixed asset | Total | |
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| E | E | E | |
| Tangible fixed assets | 7,015 | 7,015 | |
| Current assets | 194,751 | 19,543 | 214,294 |
| Creditors _due_within one year | (4,937) | (4,937) | |
| Total | 189,814 | 26,558 | 216,372 |
| Analysis of net assets between funds −prior year | ||
|---|---|---|
| Restricted | Total | |
| funds | funds | |
| 2022 | 2022 | |
| Tangible fixed assets | 961 | 961 |
| Current assets | 133,199 | 133,199 |
| Creditors due within one year | (31,694) | (31,694) |
| Ttl | 102,466 | 102,466 |
| At 31 July 2023 the Company had commitments to make futu cancellable operating leases as follows: |
re minimum lease payments | under non |
|---|---|---|
| 2023 | 2022 | |
| E | ||
| Not later than 1 year | 19,327 | 21,084 |
| Later than 1 year and not later than 5 years | 19,327 | |
| 19,327 | 40,411 |