##
##
|||Page|
|---|---|---|
|General
Information|||
|Report ofthe Trustees|||
|Independent
Examiner's|report||
|Statement of Financial Activities|||
|Balance Sheet|||
|Notes to the Financial|Statements||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||||||Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted||Restricted||||25|May 202l|
||||income||income|||Total|to|3 I March|
|||Note||Fund|Fund|||2023||2022|
|||||||E||f.||f.|
|Income and endowment:s|from:||||||||||
|Donations
and legacies:|||||||||||
|Donations
received|||405,239||I73,242|||578,48 I||484,804|
|Other income||||I75||||l75|||
|Interest received||||638||||638|||
|Total income and endowments|||406,052||I73,242|||579,294||484,804|
|Expenditure
on:|||||||||||
|Raising funds:|||||||||||
|Costs ofgenerating
voluntary|income|||9,627||||9,627||9,854|
|Charitable
activities:|||||||||||
|Governance
costs||||57,389||||57,389||8,782|
|Charitable
expenditure|||I|I7,996|I30,025|||248,02 I||90,032|
|Total resources expended|||I|85,012|I30,025|||3 I5,037||l08,668|
|Net incoming
resources|||22I,040||43,2 I|7||264,257||376,136|
|Net movement
in funds|||22I,040||43,2 I|7||264,257||376,I36|
|Reconciliation
offunds:|||||||||||
|Total funds brought
forward at 3 I March 2022|||376,I36|||||376, I36|||
|Total~unds
carried-forward|at 3I March|2023|597, I76||43;2I7||.|640,393||376,/36|
##
##
##
||||||Note|2023|2022|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Tangible fixed assets|||||9|2,6I8|988|
|Intangible
fixed assets|||||IO||3,845|
|||||||2,6I8|4,833|
|Current assets||||||||
|Cash at bank —unrestricted|||income|||647,3I6|457,065|
|Cash at bank —restricted||income||||43,2 I7||
|Debtors||||||2,000||
|||||||692,533|457,065|
|Liabilities||||||||
|Creditors: amounts
falling||due within one year|||12|(54,758)|(85,762)|
|Net current assets||||||637,775|37/,303|
|Net total assets||||||640,393|376,/36|
|The funds ofthe charity||||||||
|Unrestricted
income fund||||||597, I76|376,/36|
|Restricted
income fund||||||43,2I7||
|Total charity funds||||||640,393|376,/36|
|The financial
statements
signed on their behalf by:|set out on page 7 -|||l7 was approved|by the Trustees on|Q~|2023 and were|
##
##
##
|||||||||Total|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted||25 May 202l|
||||||income|income|Total|to 3 I March|
||||||Fund|Fund|2023|2022|
||||||f||f|f|
|Net movement
in funds|||||221,040|43,2 I7|264,257|376,I36|
|Add back depreciation|||||845||845|I99|
|Add back amortisation|||||3,845||3,845|5,269|
|Decrease/(increase)
in|creditors||||(3l,004)||(3I,004)|85,762|
|Increase
in debtors|||||(2,000)||(2,000)||
|Net cash generated|from operating|||activities|I92,726|43,2 I7|235,943|467,366|
|Purchase offixed assets|||||(2,475)||(2,475)|(I, I8 7)|
|Purchase of intangible|assets|||||||(9, I I 4)|
|Net cash generated|from investment|||activities|(2,475)||(2,475)|(I0,30I)|
|Net cash generated|from all activities||||I90,25 I|43,2 I7|233,468|457,065|
|Change
in cash and cash||equivalents|||I90,25 I|43,2I7|233,468|457,065|
|Cash and cash equivalents||brought|forward||457,065||457,065||
|Cash and cash equivalents||carried|forward||647,3l6|43,2 I7|690,533|457,065|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|4.
Do|nations
received||||||
|---|---|---|---|---|---|---|
||||||25|May 202I|
||||||to|3 I March|
|||||2023||2022|
|Voluntary|donations|||405,239||484,804|
|Restricted|donations|||I73,242|||
|||||578,48 I||484,804|
|A donation|of 655,025 is restricted to an adult learning project.||||||
|A donation|of675,000 is restricted to curriculum|design|and teacher training projects.||||
|A donation|ofH3,2I7 is restricted to exploring|potential|US expansion.||||
##
##
|||||25|May 202 I|May 202 I|
|---|---|---|---|---|---|---|
|||||to|3 I|March|
||||2023|||2022|
||||E||||
|Publicity|||5,732|||4,535|
|Amortisation|||3,845|||5,269|
|Fundraising|regulation|fees|50|||50|
||||9,627|||9,854|
##
##
##
##
|is shown
in t|he ta|ble belo|w:||||||
|---|---|---|---|---|---|---|---|---|
||||||Charitable||||
||||||activities|Governance||Basis of|
|||||||E||allocation|
|Staff remuneration|||||161,805|32,066|193,871|Staff time|
|Payroll taxes|||||15,297|3,101|18,398|Staff time|
|Pension contributions|||||18,237|3,703|21,940|Staff time|
|Health
insurance|||||907|180|1,087|Staff time|
|Staff recruitment||costs|||822|163|985|Staff time|
|Rent|||||12,010|2,390|14,400|Staff time|
|Insurance|||||501|100|601|Staff time|
|Entertainment|and gifts|||||997|997|Usage|
|Computer
costs||||||1,837|1,837|Usage|
|Website costs|||||6, 168||6, 168|Usage|
|Depreciation||||||845|845|Usage|
|Independent|examination||fees|||1,890|1,890|Usage|
|Accountancy,|bookkeeping||and management|fees||10,117|10,117|Usage|
||||||215,747|57,389|273,136||
|Allocation|ofsupport costs and overheads||||—prior period||||
||||||Charitable||||
||||||activities|Governance|Total|Basis of|
|—|||||E|E|E|allocation|
|Staff-remuneration|||||56,529-|4,363|60,892|Staff time|
|Payroll taxes|||||6,351|456|6,807|Staff time|
|Pension contributions|||||5,166|354|5,520|Staff time|
|Staff recruitment||costs|||879|67|946|Staff time|
|Rent|||||11,041|839|11,880|Staff time|
|Printing,
postage||and stationary|||8||8|Usage|
|Computer
costs||||||579|579|Usage|
|Depreciation||||||199|199|Usage|
|Independent|examination||fees|||1,800|1,800|Usage|
|Accountancy,|bookkeeping||and management|fees||125|125|Usage|
||||||79,974|8,782|88,756||
##
##
##
||||25 May 202 I|
|---|---|---|---|
||||to 3 I iviarch|
|||2023|2022|
|Project Expenditure||||
|Young, gifted and broke event||270||
|Financial Times Weekend||132||
|Manchester
school workshop||94|5,432|
|Eden Park workshop||90|3,/69|
|Birmingham
school workshop||934||
|Blackburn
school workshop||673||
|Newcastle
school workshop||448||
|Shoreditch
Park workshop||13I||
|International
Women's
day|||/,457|
|City of London Academies|Trust general expenditure|29,502||
|||32,274|/0,058|
|Support Costs associated with project expenditure||||
|Staff remuneration||I6I,805|56,529|
|Payroll taxes||I5,297|6,35/|
|Pension contributions||I8,237|5,/66|
|Health
insurance||907||
|Staff recruitment
costs||822|879|
|Rent||I2,0 I0|/ /,04/|
|Insurance||50l||
|Printing,
postage & stationary|||8|
|Website costs||6, I68||
|||215,747|79,974|
|Total charitable
expenditure||248,02 I|90,032|
##
##
|9.|Tangible Fixed Assets|Computer|Office||
|---|---|---|---|---|
|||equipment|equipment|Total|
|||E|E.||
|Cost|||||
|At|I April 2022|1,187||1,187|
|Additions||2,305|170|2,475|
|At|31 March 2023|3,492|170|3,662|
|Depreciat:ion|||||
|At|I April 2022|199||199|
|Charge for the year||832|13|845|
|At|31 March 2023|1,031|13|1,044|
|Carrying
amount|||||
|At|31 March 2023|2,461|157|2,618|
|At|31 March 2022|988||988|
##
|10|.
Intangible
Fixed Assets|||
|---|---|---|---|
|||Website||
|||development||
|||costs|Total|
|Cost||E||
|At|I April 2022|9,114|9,114|
|Additions=||||
|At|31 March 2023|9,114|9,114|
|Amortisation||||
|At|I April 2022|5,269|5,269|
|Charge for the year||3,845|3,845|
|At|31 March 2023|9,114|9,114|
|Carrying
amount||||
|At|31 March 2023|||
|At|31 March 2022|3,845|3,845|
|I I|.
Debtors|2023|2022|
||||IE|
|Donations
receivable||2,000||
|||2,000||
##
|I2.|Creditors|2023|2022|
|---|---|---|---|
||||f|
|Trade|creditors||269|
|PAYE|creditors|7,625||
|Other|creditors|45,883|85,493|
|Other|accruals|I,250||
|||54,758|85,762|
##
##
|||||
|---|---|---|---|
|Financial|assets|2023|2022|
|Debtors||2,000||
|||2,000||
|Financial|liabilities|||
|Creditors||53,508|85,762|
|||53,508|85,762|
##
##
|14.|Analysis|Analysis|Analysis|ofcharitable|funds|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Balance|||Balance|
|||||||brought|||carried|
|||||||forward|Income Expenditure||forward|
||||||||f.|||
|Unrestricted|||fund|||376,136|406,052|(185,012)|597,176|
|Restricted||fund|||||173,242|(130,025)|43,217|
|Total||||||376,136|579,294|(315,037)|640,393|
|The|Restricted|||Fund's assets are held as Cash at Bank.||||||
|Analysis|of|charitable|funds|—prior|period|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Balance|||Balance|
|||||||brought|||carried|
|||||||forward|Income|Expenditure|forward|
|||||||f.|||E|
|Unrestricted||fund|||||484,804|(108,668)|376,136|
|Restricted|fund|||||||||
|Total|||||||484,804|(108,668)|376,136|