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||||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|
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||||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|
##
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|||||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||||||
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|||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||
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##
|||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.|
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##
||||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|
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|||||||||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|
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##
||||||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|
##
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##
##
|||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|
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