| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | ||||
| Independent Examiner's |
Report | |||
| Statement ofFiaaacial | Activities | |||
| Balance Sheet | 4 | to | 5 | |
| Notes to the Finaacial Statemeats | 6 | to | 10 | |
| Detailed Statement ofFinaacial Activities |
| Period | ||||||||
|---|---|---|---|---|---|---|---|---|
| 11.5.20 | ||||||||
| Year Ended | to | |||||||
| 31.5.22 | 31.5.21 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| fund | funds | funds | funds | |||||
| Notes | ||||||||
| INCOME | AND ENDOWMENTS | FROM | ||||||
| Donations | and legacies | 164,735 | 19,997 | 184,732 | 59,537 | |||
| Other income | 7,590 | 7,590 | ||||||
| Total | 172,325 | 19,997 | 192,322 | 59,537 | ||||
| EXPENDITURE ON | ||||||||
| Raising funds | 167,672 | 20,014 | 187,686 | 36,299 | ||||
| NET INCOME/(EXPENDITURE) | 4,653 | (17) | 4,636 | 23,238 | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds | brought | forward | 23,204 | 34 | 23,238 | |||
| TOTAL FUNDS CARRIED FORWARD | 27,857 | 17 | 27,874 | 23,238 |
| 31ST | MAY 2022 | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | 8 | 8 | ||||
| FIXED ASSETS | ||||||
| Tangible assets |
5 | 3,431 | 17 | 3,448 | 718 | |
| CURRENT ASSETS | ||||||
| Cash at bank | 25,117 | 25,117 | 23,120 | |||
| CREDITORS | ||||||
| Amounts falling due within |
one year | (691) | (691) | (600) | ||
| NET CURRENT ASSETS | 24,426 | 24,426 | 22,520 | |||
| TOTAL ASSETS LESSCURRENT | ||||||
| LIABILITIES | 27,857 | 17 | 27,874 | 23,238 | ||
| NET ASSETS | 27,857 | 17 | 27,874 | 23,238 | ||
| FUNDS | ||||||
| Unrestricted funds |
27,857 | 23,204 | ||||
| Restricted funds | 17 | 34 | ||||
| TOTAL FUNDS | 27,874 | 23,238 |
| Period | |||||
|---|---|---|---|---|---|
| 11.5.20 | |||||
| Year Ended | to | ||||
| 31.5.22 | 31.5.21 | ||||
| Depreciation | - | owned assets | 1,872 | 353 | |
| Other operating | leases | 12,000 | 8,000 | ||
| Surplus | on disposal offixed assets | (7,590) |
| TRUSTEES' REMUNERATION AND BENEFITS |
TRUSTEES' REMUNERATION AND BENEFITS |
|||
|---|---|---|---|---|
| Rent has been paid to Mrs Asha Mattu, trustee, totalling 812,000 during | the year. | |||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| f | ||||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
48,337 | 11,200 | 59,537 | |
| EXPENDITURE ON | ||||
| Raising funds | 24,781 | 11,518 | 36,299 | |
| NET INCOME/(EXPENDITURE) | 23,556 | (318) | 23,238 | |
| Transfers between funds |
(352) | 352 | ||
| Net movement in funds |
23,204 | 34 | 23,238 | |
| TOTAL FUNDS CARRIED FORWARD | 23,204 | 34 | 23,238 |
| TANGIBLE FIXED AS | SET | S | ||||
|---|---|---|---|---|---|---|
| Computer | ||||||
| equipment | ||||||
| COST | ||||||
| At 1st June 2021 | 1,070 | |||||
| Additions | 4,603 | |||||
| At 31st May 2022 | 5,673 | |||||
| DEPRECIATION | ||||||
| At 1st June 2021 | 353 | |||||
| Charge for year | 1,872 | |||||
| At 31stMay 2022 | 2,225 | |||||
| NET BOOK VALUE | ||||||
| At 31stMay 2022 | 39448 | |||||
| At 31st May 2021 | 717 | |||||
| CREDITORS: AMOUNTS | FALLING DUE | WITHIN | ONE YEAR | |||
| 2022 | 2021 | |||||
| 6 | ||||||
| Social security and other | taxes | (29) | ||||
| Accrued expenses | 720 | 600 | ||||
| 691 | 600 | |||||
| LEASING AGREEMENTS | ||||||
| Minimum lease payments |
under non-cancellable | operating | leases fag due as follows: | |||
| 2022 | 2021 | |||||
| Within one year | 1,113 | |||||
| MOVEMENT IN FUNDS |
||||||
| Net | ||||||
| movement | At | |||||
| At 1.6.21 | in funds | 31.5.22 | ||||
| f | ||||||
| Unrestricted fuads |
||||||
| General fund |
23,204 | 4,653 | 27,857 | |||
| Restricted funds |
||||||
| National Lottery Community |
Fund | 34 | (17) | 17 | ||
| TOTAL FUNDS | 23,238 | 4,636 | 27,874 |
| Incoming | Resources | Movement | Movement | |||||
|---|---|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||||
| Unrestricted funds |
||||||||
| General | fund | 172,325 | (167,672) | 4,653 | ||||
| Restricted funds |
||||||||
| National | Lottery Community | Fund | I | (18) | (17) | |||
| PCC For West Midlands | 5,000 | (5,000) | ||||||
| Walsall | MBC | 14,996 | (14,996) | |||||
| 19,997 | (20,014) | (17) | ||||||
| TOTAL FUNDS | 192,322 | (187,686) | 4,636 | |||||
| Comparatives for movement |
in funds | |||||||
| Net | Transfers | |||||||
| movement | between | At | ||||||
| in funds | funds | 3 | 1.5.2 I | |||||
| f | ||||||||
| Unrestricted funds |
||||||||
| General | fund | 23,556 | (352) | 23,204 | ||||
| Restricted funds |
||||||||
| National | Lottery Community | Fund | (318) | 352 | 34 | |||
| TOTAL | FUNDS | 23,238 | 23,238 | |||||
| Comparative net movement |
in funds, | included | in the above are as follows: | |||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in | funds | |||||
| J | ||||||||
| Unrestricted funds |
||||||||
| General | fund | 48,337 | (24,781) | 23,556 | ||||
| Restricted funds |
||||||||
| National | Lottery Community | Fund | 11,200 | (11,518) | (318) | |||
| TOTAL | FUNDS | 59,537 | (36,299) | 23,238 |
| Period | ||||
|---|---|---|---|---|
| 11.5.20 | ||||
| Year Ended | to | |||
| 31.5.22 | 31.5.21 | |||
| INCOME AND | ENDOWMENTS | |||
| Donations and legacies |
||||
| Donations | 184,732 | 59,537 | ||
| Other income | ||||
| Gain on sale oftangible | fixed assets | 7,590 | ||
| Total incoming | resources | 192,322 | 59,537 | |
| EXPENDITURE | ||||
| Other trading activities | ||||
| Purchases | 127,214 | 14,532 | ||
| Course costs | 19,996 | |||
| 147,210 | 14,532 | |||
| Support costs | ||||
| Management | ||||
| Rent | 12,000 | 8,000 | ||
| Rates and water | 1,125 | |||
| Insurance | 395 | 520 | ||
| Light and heat | 2,102 | 761 | ||
| Telephone | 100 | |||
| Postage and stationery | 1,411 | 772 | ||
| Advertising | 450 | 631 | ||
| Sundries | 3,600 | 1,960 | ||
| Motor expenses | 7,713 | 4,773 | ||
| Repairs and maintenance | 1,639 | 3,397 | ||
| Accountancy | 840 | 600 | ||
| Wages | 3,559 | |||
| Volunteer expenses |
3,669 | |||
| 38,603 | 21,414 | |||
| Other | ||||
| Depreciation | 1,873 | 353 | ||
| Total resources expended | 187,686 | 36,299 | ||
| Net income | 4,636 | 23,238 |