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2023-07-30-accounts
|
|
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 |