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2023-08-31-accounts

			Page
Reference and admlnlstratlve	details ofthe Company,	its Trustees and advisers
Trustees' report			2-26
Independent examiner's report			27
Statement offinancial activities			28
Balance sheet			29- 30
Statement of cash flows			31
Notes to the financial statements			32 -46

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
		Note	E	E		E
Income from:
Donations and legacies			25,000		25,000	554,094
Charitable activities				648,909	648,909	1,013,988
Investments				32	32
Total income			25,000	648,941	673,941	1,568,082
Expenditure on:
Charitable activities				744,948	744,948	1,004,707
Total expenditure				744,948	744,948	1,004,707
Net income/(expenditure)			25,000	(96,007)	(71,007)	563,375
Transfers between	funds		(25,000)	25,000
Net movement in	funds			(71,007)	(71,007)	563,375
Reconciliation of	funds:
Total funds brought	forward			563,375	563,375
Net movement in funds				(71,007)	(71,007)	563,375
Total funds carried forward				492,368	492,368	563,375

						2023		2022
				Note		E
Fixed assets
Tangible assets						7,566		8,569
						7,566		8,569
Current assets
Debtors				12	46,006		110,084
Cash at bank and	in hand				489,361		646,580
					535,367		756,664
Creditors: amounts	falling		due within one
year				13	(50,564)		(201,858)
Net current assets						484,803		554,806
Total assets less	current		liabilities			492,369		563,375
Net assets excluding		pension asset				492,369		563,375
Total net assets						492,369		563,375
Charity funds
Restricted funds				14
Unrestricted funds				14		492,369		563,375
Total funds						492,369		563,375

				2023	2022
				E
Cash flows from operating	activities
Net cash used in operating	activities			(155,961)	658,594
Cash flows from investing	activities
Purchase oftangible fixed assets				(1,259)
Assets donated on incorporation					(12,014)
Net cash used in investing	activities			(1,259)	(12,014)
Cash flows from financing	activities
Net cash provided by financing activities
Change in cash and cash	equivalents	in	the year	(15?,220)	646,580
Cash and cash equivalents	at the beginning		of the year	646,580
Cash and cash equivalents	at the end of		the year	489,360	646,580
The notes on pages 32 to 46 form part ofthese financial statements

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2023	2023	2023	2022
		E	E	E	E
Donations					553,094
Government	grants	25,000		25,000	1,000
		25,000		25,000	554,094
Total 2022		1,000	553,094	554,094

			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
				E	E
	Education		648,909	648,909	1,013,988
	Total 2022		1,013,988	1,013,988
5.	Investment	income
			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
					E
	Investment	income - local cash	32	32

		Unrestricted
		funds	Total	Total
		2023	2023	2022
			E	E
Direct	costs	744,948	744,948	1,004,707
Total	2022	1,004,707	1,004, TOT

		Staff costs	Depreciation	Other costs	Total	Total
		2023	2023	2023	2023	2022
		E
Direct	costs	393,408	1,891	349,649	744,948	1,004,707
Total	2022	445,861	2,403	556,443	1,004, TOT

	Activities
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2023	2023	2023	2022
		E	E	E
Education	662,972	81,976	744,948	1,004,707
Total 2022	908,583	96,124	1,004,707

		Total	Total
	Activities	funds	funds
	2023	2023	2022
		F
Staff costs	393,408	393,408	445,861
Lecturers	53,080	53,080	103,770
SBM	46,290	46,290	104,160
Personal Tutors	70,295	70,295	93,585
Assessment	73,200	73,200	126,489
Other direct costs	26,699	26,699	34,718
	662,972	662,972	908,583
Total 2022	908,583	908,583
Analysis ofsupport costs

		Total	Total
	Activities	funds	funds
	2023	2023f	2022
Depreciation	1,891	1,891	2,403
Other support costs	29,084	29,084	41,958
Resources	14,364	14,364	12,052
Audit costs	4,860	4,860	6,600
Loss on disposal	370	370	1,042
Utilities	2,230	2,230	3,472
Insurance	5,092	5,092	4,230
Rent	23,185	23,185	23,467
Internal control review	900	900	900
	81,976	81,976	96,124
Total 2022	96,124	96,124

Independent	examine	r's remu	nera	tion
							2023	2022
							E	E
Fees payable	to the Company's		independent		examiner	for the independent
examination	(2022: audit) ofthe		Company's		annual accounts		4,320	6,600
Fees payable	to the Company's		independent		examiner	in respect of:
All assurance	services	not included		above			540
Staff costs
							2023	2022
							E	E
Wages and salaries							337,020	378,660
Social security costs							19,530	32,094
Contribution	to defined	contribution		pension	schemes		36,858	35,107
							393,408	445,861

2023	2022
No.	No.

2023	2022
No.	No.

			FOR THE YEAR ENDED 31 A	UGUST 2023
11.	Tangible fixed		assets
					Office
					equipment
	Cost or valuation
	At 1 September		2022		16,510
	Additions				1,259
	Disposals				(1,412)
	At 31 August	2023			16,357
	Depreciation
	At 1 September		2022		7,941
	Charge for the year				1,891
	On disposals				(1,042)
	At 31 August	2023			8,790
	Net book value
	At 31 August	2023			7,567
	At 31August	2022			8,569
12.	Debtors
				2023	2022
					E
	Due within one		year
	Trade debtors			33,881	73,323
	Other debtors				21,200
	Prepayments	and accrued income		12,125	15,561
				46,006	110,084

								2023	2022
									E
Trade creditors								1,336	9,388
Other taxation		and		social		security		2,597
Other creditors								3,024	13,431
Accruals	and deferred				income			43,607	179,039
								50,564	201,858
								2023	2022
								E	E
Deferred	income at			1 September			2022	14,100
Resources deferred				during		the year		18,040	14,100
Amounts	released		from previous				periods	(14,100)
								18,040	14,100

Stateme	nt	of	funds - cur	rent year
				Balance at 1				Balance at
				September			Transfers	31 August
				2022	Income	Expenditure	in/out	2023
				E	E	E	E	E
Unrestricted			funds
General	Funds			563,375	648,942	(744,948)	25,000	492,369
Restricted		funds
Restricted		Fund			25,000		(25,000)
Total of	funds			563,375	673,942	(744,948)		492,369

Statement Statement	offunds offunds	(continued) - prior year
						Balance at
					Transfers	31August
			Income	Expenditure	inlout	2022
			E	E		E
Unrestricted funds
General Funds			1,567,082	(1,004,707)	1,000	563,375
Restricted	funds
Restricted	Fund		1,000		(1,000)
Total offunds			1,568,082	(1,004,707)		563,375
Transfers	between	funds

Summary	of funds - cu	rrent year
		Balance at 1				Balance at
		September			Transfers	31 August
		2022	Income	Expenditure	in/out	2023
						E
General funds		563,375	648,942	(744,948)	25,000	492,369
Restricted	funds		25,000		(25,000)
		563,375	673,942	(744,948)		492,369

Summary	offunds - prior year
					Balance at
				Transfers	31August
		Income	Expenditure	inlout	2022
		E	E
General funds		1,567,082	(1,004,707)	1,000	563,375
Restricted	funds	1,000		(1,000)
		1,568,082	(1,004,707)		563,375
					Page 43

					Unrestricted	Total
					funds	funds
					2023	2023
					F	K
Tangible	fixed	assets			7,566	7,566
Current	assets				535,367	535,367
Creditors	due	within	one	year	(50,564)	(50,564)
Total					492,369	492,369

Analysis	of n	et assets between funds - prior year
			Unrestricted	Total
			funds	funds
			2022	2022
				E
Tangible	fixed	assets	8,569	8,569
Current	assets		756,664	756,664
Creditors	due	within one year	(201,858)	(201,858)
Tl			563,375	563,375

										2023	2022
											E
Net income/expenditure for		the	year	(as		per	Statement	of	Financial
Activities)										(71,007)	563,375
Adjustments for:
Depreciation charges										1,891	2,403
Loss on the sale of	fixed assets									370	1,042
Decrease/(increase)	in debtors									64,078	(110,084)
Increase/(decrease)	in creditors									(151,293)	201,858
Net cash provided	by/(used	in) operating			activities					(155,961)	658,594

		2023f	2022
Cash	in hand	481,360	638,580
Notice	deposits (less than 3 months)	8,000	8,000
Total	cash and cash equivalents	489,360	646,580

						At 1
						September		At 31
						f 2022	Cash flows f	August 2023 f
Cash	at	bank	and	in	hand	646,580	(157,219)	489,361
						646,580	(157,219)	489,361

cancellable	o	perating leases as follows:
			2023	2022f
Not later than		1 year	12,000	12,000
Later than	1 year and not later than 5 years			12,000
			12,000	24,000