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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees|||to|10|
|Report ofthe Independent
Auditors||11|to|14|
|Statement ofFinancial Activities|||15||
|Balance Sheet|||16||
|Cash Flow Statement|||17||
|Notes to the Cash Flow Statement|||||
|Notes to the Financial Statements||19|lo|'2-1|
|Detailed Statement ofFinancial|Activities|25|to|26|
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|||||||Period|
|---|---|---|---|---|---|---|
|||||||18.1.21|
||||||Year Ended||
||||||31.3.23|31.3.22|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes|||
|INCOME|AND ENDOWMENTS FROM||||||
|Donations|and legacies||||1,015,489|659,728|
|Charitable|activities||||||
|Tuition|||||974,777|1,010,361|
|Ancillary|||||87,500|13,297|
|Total|||||2,077,766|1,683,386|
|EXPENDITURE ON|||||||
|Charitable|activities||||||
|Tuition Costs|||||1,495,240|1,487,164|
||||||17,916|24,746|
|Total|||||1,513,156|1,511,910|
|NET INCOME|||||564,610|171,476|
|RECONCILIATION|||OF FUNDS||||
|Total funds|brought|forward|||171,476||
|TOTAL FUNDS CARRIED FORWARD|||||736,086|171,476|
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|||2023|2022|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Tangible assets|10|37,472|48,832|
|CURRENT ASSETS||||
|Debtors||756,514|184,971|
|Cash at bank||69,537|39,579|
|||826,051|224,550|
|CREDITORS||||
|Amounts
falling due within one year|12|(127,437)|(101,906)|
|NET CURRENT ASSETS||698,614|122,644|
|TOTAL ASSETS LESSCURRENT||||
|LIABILITIES||736,086|171,476|
|NET ASSETS!(LIABll.l'I IES)||736,086|171,476|
|Irl.JNDS|l3|||
|Unrestricted
lunds||736,086|171,476|
|TOTAI, FIJNDS||736,086|171,476|
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||||||||Period|
|---|---|---|---|---|---|---|---|
||||||||18.1.21|
|||||||Year Ended|to|
|||||||31.3.23|31.3.22|
||||||Notes||f|
|Cash flows from operating|||activities|||||
|Cash generated
from|operations|||||36,514|104,689|
|Net cash provided
by|operating
activities|||||36,514|104,689|
|Cash flows from investing|||activities|||||
|Purchase oftangible|fixed|assets||||(6,556)|(65,110)|
|Net cash used in investing||activities||||(6,556)|(65,110)|
|Change in cash and|cash|equivalents||in||||
|the reporting
period||||||29,958|39,579|
|Cash and cash equivalents|||at the|||||
|beginning ofthe reporting|||period|||39,579||
|Cash and cash equivalents|||at the end|of||||
|the reporting
period||||||69,537|39,579|
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|||||Period|
|---|---|---|---|---|
|||||18.1.21|
|||||to|
|||||31.3.22|
|Net income for the|reporting|period (as per the Statement ofFinancial|||
|Activities)
Adjustments
for;|||564,610|171,476|
|Depreciation
charges
lncrcase
in debtors
fncrcase
in creditors|||17,916
(57I,543)
25,531|16,278
(184,971)
101,906|
|Net cash provided|by operations||36,514|104,689|
##
||At 1.4.22|Cash liow|At 31.3.23|
|---|---|---|---|
|Net cash||||
|( iisli ill hank|39.57')|29 958|6i9.537|
||3'),57')|2'), ')58|69,537|
|'I'ohtl|3'),57')|2'),958|69.537|
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|DONA'I'IONS
AND LE|GACIES|||
|---|---|---|---|
||||I'eriod|
||||18.1.21|
|||Year I:,ndcd|to|
|||3l.3.23|31.3.22|
|||8|t|
|Gills|||52,443|
|I)onatiolis||1,015,489|607,285|
|||I Ol & 48')|659,728|
|INCOME FROM CHARITABLE ACTIVITIES||||
||||Period|
||||18.1.21|
|||Year Ended|to|
|||31.3.23|31.3.22|
||Activity|||
|Gross I'ecs from Parents|and|||
|Guardians|Tuif,ion|974,777|985,920|
|Covid Job Rention Scheme||||
|Grani:|Tuition||24,441|
|Rent Income|Ancillary|87,500|13,297|
|||1,062,277|1,023,658|
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|5.|CHARITABLE ACTIVITIES COSTS||||
|---|---|---|---|---|
||||Support||
|||Direct|costs {see||
|||Costs|note 6)|Totals|
||||f.||
||Tuition Costs|1,415,429|79,811|1,495,240|
|6.|SUPPORT COSTS||||
||||Governance||
|||Management|costs|Totals|
||||f,||
||Tuition Costs|57,209|22,602|79,811|
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|STAFF COSTS|||||
|---|---|---|---|---|
|||||Period|
|||||18.1.21|
||||Year Ended|to|
||||31.3.23|31.3.22|
|Wages and salaries|||597,533|601,545|
|Social security costs|||41,459|41,316|
|Other pension costs|||10,791|11,282|
||||649,783|654,143|
|The average monthly|number ofemployees|during the year was as follows:|||
|||||Period|
|||||18.1.21|
||||Year Ended||
||||31.3.23|31.3.22|
|Key Personnel|||2|2|
|Admin|||1|1|
|General|||26|30|
|||||33|
##
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|||||||Unrestricted|
|---|---|---|---|---|---|---|
|||||||fund|
|||INCOME AND ENDOWMENTS|FROM||||
|||Donations
and legacies||||659,728|
|||Charitable
activities|||||
|||'1uition||||1,010,361|
|||Anc i 11ary||||13,297|
|||Total||||1,683,386|
|||EXPENDITURE ON|||||
|||Charitable
activities|||||
|||Tuition Costs||||1,487,164|
|||Other||||24,746|
|||Total||||1,511,910|
|||NET INCOME||||171,476|
|||'1orAL FL1NDS CARRIFD FORWARD||||17I,476|
|I|0.|'I'AN GIBLI'
I' IXI' D ASSI'TS|||||
|||||I'isturcs|||
|||||an(I|( ()rnptll or||
|||||1lttings|cquipmcnt|Totals|
|||COST|||||
|||At
1 April 2022||62,500|2,610|65,110|
|||Additions|||6,556|6,556|
|||At 31 March 2023||62,500||71,666|
|||DEPRECIATION|||||
|||At
1 April 2022||15,625|653|16,278|
|||Charge for year||15,625|2,291|17.916|
|||At 31 March 2023||31,250||34,194|
|||NET BOOK YALLJE|||||
|||At 31 March 2023||31,250|6,222|37,472|
|||At 31 March 2022||46,875|1,957|48,832|
##
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|11.|DEBTORS:|A|MOUNTS FALL|ING DUE WITHIN ONE Y|EAR|||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||Trade debtors|||||705,298|176,135|
||Other debtors|||||36,381|821|
||Prepayments|and accrued income||||14,835|8,015|
|||||||756,514|184,971|
|12.|CREDITORS:||AMOUNTS FALLING DUE WITHIN ONE||YEAR|||
|||||||2023|2022|
||||||||f|
||Trade creditors|||||(15,953)||
||Taxation and|social security||||40,020|21,753|
||Other creditors|||||103,370|80,153|
|||||||127,437|101,906|
|13.|MOVEMENT||IN FUNDS|||||
|||||||Net||
|||||||movement|At|
||||||At 1.4.22|in funds|31.3.23|
||Unrestricted|funds||||||
||Unrestricted||||171,476|564,610|736,086|
||TOTAL FUNDS||||171,476|564,610|736,086|
||Net movement||in funds, included|in the above are as follows:||||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||Unrestricted|funds||||||
||Unrestricted||||2,077,766|(1,513,156)|564,610|
||TOTAL FUNDS||||2,077,766|(1,513,156)|564,610|
##
##
|||Net||
|---|---|---|---|
|||movement.|At|
|||in funds|31.3.22|
|||f.||
|Unrestricted|funds|||
|Unrestricted||171,476|171,476|
|TOTAL FUNDS||171,476|171,476|
|Comparative|nct movement
in funds, includ|ed
in thc above are as I'allows:|||
|---|---|---|---|---|
|||Ineoln Ing|Resources|Movcali.at|
|||Iesoui ccs|cxpcndcd|in funds|
|Unrestricted|funds||||
|Unrestricted||1,683,386|(1,511,910)|171.476|
|TOTAL FUNDS||1,683.386|(1,511.910)|171,476|
##