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||Page|
|---|---|
|Report ofthe Trustees|1to7|
|Report ofthe Independent<br>Auditors|Bto10|
|Statement<br>of Financial Activities||
|Balance Sheet|12to 13|
|Cash Flow Statement|14|
|Notes to the Cash Flow Statement|15|
|Notes to the Financial Statements|16to 28|
|Detailed Statement ofFinancial Activities|29to31|





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|FOR THE YEAR|EN|DED 3|1jULY|2021|||||
|---|---|---|---|---|---|---|---|---|
||||||||31.7.21|31.7.20|
|||||Unrestricted|Restricted|Designated|Total|Total|
|||||fund|funds|fund|funds|funds|
||||Notes|E|E|E|E|E|
|INCOME AND|||||||||
|ENDOWMENTS|FROM||||||||
|Donations<br>and|legacies||2|16,470|48,124||64,594|93,925|
|Charitable<br>income|||3|2,044,482|16,547||2,061,029|1,482,213|
|Investment<br>income|||4|125|||125|1,645|
|Furlough<br>grant|received|||||||25,434|
|Total||||2,061,077|64,671||2,125,748|1,603,217|
|EXPENDITURE ON|||||||||
|Charitable<br>activities|||||||||
|Charitable||||~2732 08~|~55853||1787001|~1523338|
|NET INCOME /|||||||||
|(EXPENDITURE)||||329,032|8,815||337,847|79,879|
|Transfers between||funds||(170,400)||1703400|||
|Net movement|in|funds||158,632|8,815|170,400|337,&47|79,879|
|RECONCILIATION||OF|||||||
|FUNDS|||||||||
|Total funds brought|||||||||
|forward||||2,711,696|34,694|340,718|3,087,108|3,007,229|
|TOTAL FUNDS CARRIED|||||||||
|FORWARD||||2,870,328|43,509|511,118|3,424,955|3,087,108|





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|BALANCE SHEET<br>AT31JULY2021|||||||
|---|---|---|---|---|---|---|
||||||31.7.21|31.7.20|
|||Unrestricted|Restricted|Designated|Total|Total|
|||fund|funds|fund|funds|funds|
||Notes|E|E|E|E|f|
|FIXEDASSETS|||||||
|Tangible assets|12|4,285,810|34,694|340,718|4,661,222|4,655,668|
|Investments|13|4,639|||4,639|4,759|
|||4,290,449|34,694|340,718|4,665,861|4,660,427|
|CURRENT ASSETS|||||||
|Debtors|14|64,917|||64,917|13,489|
|Cash at bank and in hand||(167,746)|8,815|170,400|11,469|6,893|
|||(102,829)|8,815|170,400|76,386|20,382|
|CREDITORS|||||||
|Amounts<br>falling due within|||||||
|one year|15|(167,386)|||(167,386)|(382,590)|
|NET CURRENT|||||||
|ASSETS/(LIABILITIES)||(270,215)|8,815|170,400|(91,000)|(362,208)|
|TOTAL ASSETS LESS|||||||
|CURRENT LIABILITIES||4,020,234|43,509|511,118|4,574,861|4,298,219|
|CREDITORS|||||||
|Amounts<br>falling due after|||||||
|more than one year|16|(1,149,906)|||(1,149,906)|(1,211,111)|
|NET ASSETS||2,870,328|43,509|511,118|3,424,955|3,087,108|





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|FOR THE YEAR ENDED 31|JULY 2021|||||
|---|---|---|---|---|---|
|||||31.7.21|31.7.20|
||||Notes||E|
|Cash flows from operating|activities:|||||
|Cash generated<br>from operations||||440,359|195,282|
|Interest paid||||(81,878)|(77,741)|
|Net cash provided<br>by (used In) operating||||||
|activities||||358,481|117,541|
|Cash flows from investing|activities:|||||
|Interest received||||3|17|
|Payments to acquire tangible fixed assets||||(14,832)||
|Net cash provided<br>by (used In) Investing||||||
|activities||||(14,829)|17|
|Cash flows from financing|activities:|||||
|Loan repayments<br>in year||||(58,190)|(62,327)|
|Net cash provided<br>by (used in) financing||||||
|activities||||(58,190)|(62,327)|
|Change In cash and cash equivalents||in||||
|the reporting<br>period||||285,462|55,231|
|Cash and cash equivalents|at the|||||
|beginning ofthe reporting|period|||(273,993)|(329,224)|
|Cash and cash equivalents|atthe end|of||||
|the reporting<br>period||||11,469|(273,993)|





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|FOR|THE YEAR ENDED 3|1JULY2021|1JULY2021|1JULY2021|1JULY2021|1JULY2021|1JULY2021|||
|---|---|---|---|---|---|---|---|---|---|
|1.|RECONCILIATION|OF NET INCOME/(EXPENDITURE)||||||TO NET CASH FLOW FROM|OPERATING|
||ACTIVITIES|||||||||
|||||||||31.7.21|31.7.20|
|||||||||E||
||Net income/(expenditure)<br>for the reporting|||||period||(as per||
||the statement<br>of|finandal<br>activities)||||||337,847|79,879|
||Adjustments<br>for:|||||||||
||Depreciation<br>charges|||||||8,993|6,737|
||Loss on disposal of||fixed assets|||||285||
||Gain/(loss)<br>on fixed||asset investments|||||120|(1,628)|
||Interest received|||||||(3)|(17)|
||Interest paid|||||||81,878|77,741|
||(Increase)/decrease|||in debtors||||(2,287)|61,523|
||Increase/(decrease)|||in creditors||||13,526|(28,953)|
||Net cash provided||by (used in) operating||activities|||440,359|195,282|
|2.|ANALYSIS OF CASH||AND CASH EQUIVALENTS|||||||
|||||||||31.7.21|31.7.20|
|||||||||E|E|
||Cash in hand|||||||4,003|4,342|
||Notice deposits (less|||than 3months)||||7,466|2,551|
||Overdrafts<br>included|||in bank loans and overdrafts|||falling due|||
||within one year||||||||(280,886)|
||Total cash and cash|||equivalents||||11,469|(273,993)|





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|FOR<br>6.|THE YEAR ENDED 31JU<br>SUPPORT COSTS|L|Y 202|1|||||
|---|---|---|---|---|---|---|---|---|
||||||||Governance||
|||||Management||Finance|costs|Totals|
||||||E|F.|E|E|
||Charitable|||415,423||91,035|34,382|540,840|
||Support costs, included||in the above, are as||follows:||||
||||||||31.7.21|31.7.20|
|||||||||Total|
||||||||Charitable|activities|
||||||||E|f|
||Wages and salaries||||||378,897|490,248|
||Social security||||||36,526|44,826|
||Bank and credit card charges||||||9,157|14,297|
||Interest payable<br>and similar charges||||||81,878|77,741|
||Auditors'<br>remuneration||||||3,850|3,850|
||Legal and professional|fees|||||30,532|24,077|
||||||||540,&40|655,039|
|7.|NET INCOME/(EXPENDITURE)||||||||
||Net income/(expenditure)||is|stated after charging/(crediting):|||||
||||||||31.7.21|31.7.20|
||||||||E||
||Depreciation<br>-owned|assets|||||8,993|6,737|
||Loss on sale oftangible||fixed|assets|||285||
||Loss on fair value movement|||ofinvestments|||120|(1,628)|
||||||||9,398|5,109|
|8.|AUDITOR'5 REMUNERATION||||||||
||Net income/(expenditure)||is|stated after charging/(crediting):|||||
||||||||31721|31.7.20|
||||||||E|E|
||Fees payable to the charity's|||auditor forthe|audit ofthe||||
||charity's<br>annual<br>accounts||||||3,850|3,850|
||Fees payable for the charity's|||auditor for other services:|||||
||Preparation<br>ofannual|||accounts.|||4,650|4,650|
||||||||8,500|8,500|





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|||||||31.7.20|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Designated|Total|
||||fund|funds|fund|funds|
||||E|E|E|E|
|INCOME AND|||||||
|ENDOWMENTS|FROM||||||
|Donations<br>and|legacies||76,560|17,365||93,925|
|Charitable<br>activities|||||||
|Charitable|||1,477,171|5,042||1,482,213|
|Investment<br>income|||1,645|||1,645|
|Furlough<br>grant|received||25,434|||25,434|
|Total|||1,580,$10|22,407||1,603,217|
|EXPENDITURE|ON||||||
|Charitable<br>activities|||||||
|Charitable|||(1500p404)|(22p934)||(1,523,33$)|
|NET INCOME/(EXPENDITURE)|||||||
|Transfers between||funds|80,406|(527)||79,879|
|Net movement|in funds||80,406|(527)||79,879|
|RECONCILIATION<br>OF|||||||
|FUNDS|||||||
|Total funds brought||forward|2,631,290|35,221|340,718|3,007,229|
|TOTAL FUNDS|CARRIED FORWARD||2,711,696|g4,694|340,7183,0$7,10$||





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|FOR|THE YEAR ENDED $1JULY|20|21|||||
|---|---|---|---|---|---|---|---|
|12.|TANGIBLE FIXEDASSETS|||||||
|||Freehold||Motor|Computer|Leasehold||
|||property||vehicles|equipment|Improvements|Totals|
||||6|E|E|E||
||COST|||||||
||At 1August 2020|5,410,525||81,8$0|46,617|$8,017|5,576,989|
||Additions|||1$,450|1,382||14,832|
||Disposals|||~6320|||~5520|
||41311 IY2021|~|41052~|88930|47999|38017|~ ~85501|
||DEPRECIATION|||||||
||At 1August 2020||816,953|69,623|$4,745||921,321|
||Depreciation|||||||
||eliminated<br>on disposal<br>Charge for year|||(6,0$5)<br>~6343|~650||(6,0$5)<br>~899$|
||At 31July 2021||~81 95$|~699$1|~$7$95||~242279|
||NET BOOK VALUE|||||||
||At 31July 2021|~~72||||3L()17|~g~22|
||At 31July 2020|~~ll||||||
|13.|FIXEDASSET INVESTMENTS|||||||
||||||||Unlisted|
||||||||investments|
||MARKET VALUE|||||||
||At 1August 2020||||||4,759|
||(Loss)/gain<br>on investment||||||~120|
||At 31July 2021|||||||





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|14.|DEBTORS:AMOUNTS|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|---|
|||||||31.7.21|31.7.20|
|||||||f||
||Trade debtors|||||64,917|4,407|
||Other debtors||||||6,276|
||Prepayments|and accrued|||income||2,806|
|||||||64,917|13,489|
|15.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||
|||||||31.7.21|31.7.20|
|||||||f|f|
||Bank loans and overdrafts||||(see note 16)|58,190|336,061|
||Trade creditors|||||47,041|6,770|
||Other creditors|||||49,141|28,666|
||Accruals|||||13,014|11,093|
|||||||167386|382590|



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||||||31.7.21|31.7.20|
|---|---|---|---|---|---|---|
||||||f|f|
|Bank|loans|(see|note|16)|1,149,906|1,211,111|





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|NOTES TO THE FINANCIAL STATEMENTS - CONTINUED|NOTES TO THE FINANCIAL STATEMENTS - CONTINUED|NOTES TO THE FINANCIAL STATEMENTS - CONTINUED|||
|---|---|---|---|---|
|FOR|THE YEAR ENDED 31JULY2021||||
|17.|LOANS||||
||An analysis ofthe maturity ofloans is given below:||||
||||31.7.21|31.7.20|
|||||E|
||Amounts<br>falling due within one year on|demand:|||
||Bank overdraft|||280,886|
||Bank loans||58,190|55,175|
||||58190|336061|
||Amounts<br>falling due between two and five years:||||
||Bank loans - 2-5 years||232,761|220,699|
||Amounts<br>falling due in more than five years:||||
||Repayable<br>by instalments:||||
||Bank loans more 5 yr by instal||917,145|990,412|
|18.|SECURED DEBTS||||
||The following secured debts are included|within creditors:|||
||||31.7.21|31.7.20|
||||E|E|
||Bank overdraft|||280,886|
||Bankloans||1,208,096|1,266,286|
||||1,208,096|1,547,172|





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|MOVEMENT IN FUNDS|||||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between||
||||At 1.8.20|in funds|funds|At 31.7.21|
||||E||E|E|
|Unrestricted<br>funds|||||||
|General<br>Fund|||2,711,696|$29,032|(170,400)|2,870,328|
|Restricted funds|||||||
|LSIS PRD Fund|||$,4$7|||$,437|
|EFA Capital Fund|||6,019|999||7,018|
|EFAStudent<br>Financial Support|Fund||21,751|3,828||25,579|
|Thomas<br>Baily Fund|||3,487|(3,487)|||
|EFA Tuition<br>Fund|||||||
|DFC Capital Fund||||3,894||3,894|
|Covid 19Testing Fund|||||||
|EFA Other Funding||||3,581||3,581|
||||34,694|8,815||43,509|
|Designated<br>Funds|||340,718||1707400|5117118|
|TOTAL FUNDS|||5,007,108|307,047|-|5,424,558|
|Net movement<br>in funds, included||in the above are as||follows:|||
|||||Incoming|Resources|Movement|
|||||resources|expended|In funds|
|||||E|E|E|
|Unrestricted<br>funds|||||||
|General<br>Fund||||2,061,077|(1,7$2,045)|$29,0$2|
|Restricted funds|||||||
|EFA Capital Fund||||22,719|(21,720)|999|
|EFA Student<br>Financial Support|Fund|||5,147|(1,319)|3,828|
|Thomas<br>Baily Fund|||||($,487)|($,487)|
|EFA Tuition<br>Fund||||11,400|(11,400)||
|DFC Capital Fund||||5,924|(2,030)|$,894|
|Covid 19Testing Fund||||15,900|(15,900)||
|EFA Other Funding||||$,581||$,581|
|||||64,671|(55,856)|8,815|
|Designated<br>Funds|||||||
|TOTAL FUNDS||||2,125,740|(2,707,002)|$37,047|





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||||||||Net|Transfers|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||movement|between|||
||||||At 1.8.19||in funds|funds|At|31.7.20|
||||||E||E|E||E|
|Unrestricted||Funds|||||||||
|General fund|||||2,631,290||80,406||2,711,696||
|Restricted|Funds||||||||||
|LSIS PRD Fund|||||3,437|||||3,437|
|EFA Capital||Fund|||14,208||(8,189)|||6,019|
|EFA Student||Financial Support||Fund|16,709||5,042|||21,751|
|Thomas<br>Baily Fund||||||867|2,620|||3,487|
|Poly Tunnel||Fund|||||||||
||||||35,221||(527)|||34,694|
|Designated||Funds|||340,718||||340,718||
|TOTAL FUNDS|||||3,007,229||79,879||3,087,108||
|Comparative||net movement|in|funds,|included|in the|above are as|follows:|||
||||||||Incoming|Resources|Movement||
||||||||resources|expended|in funds||
|||||||||E||E|
|UnrestrIcted||funds|||||||||
|General fund|||||||1,580,810|(1,500,404)||80,406|
|Restricted funds|||||||||||
|EFA Capital||Fund|||||13,365|(21,554)||(8,189)|
|EFA Student||Financial Support||Fund|||5,042|||5,042|
|Thomas Baily Fund|||||||3,000|(380)||2,620|
|Poly Tunnel||Fund|||||1,000|(1,000)|||
||||||||22,407|(22,934)||(527)|
|Designated||Funds|||||||||
|TOTAL FUNDS|||||||1,603,217|1,523,338||79,879|





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|DETAILED STATEMENT OF FINANCIAL ACTIVITIES<br>FOR THE YEAR ENDED 31JULY2021|||
|---|---|---|
||31.7.21|31.7.20|
||E|E|
|INCOME AND ENDOWMENTS|||
|Donations and legacies|||
|Donations<br>and appeals|1.189|1,542|
|Sundry income|63405|92,383|
||64.594|93,925|
|Investment<br>income|||
|Dividends<br>receivable|122||
|Interest receivable|3|17|
|Gain on fixed asset investment||1,628|
||125|1,645|
|Charitable<br>activities|||
|Fees|2,059,970|1,477,171|
|RDA income|1,059|5,042|
||2,061,029|1,482,213|
|Furlough<br>grant received||25,434|
|Total Incoming resources|2,125,748|1,603,217|
|EXPENDITURE|||
|Charitable<br>activities|||
|Wages|649,963|401,101|
|Social security|36,164|24,105|
|Pensions|36,704|31,625|
|Insurance|29,116|27,665|
|Light and heat|68,658|74,775|
|ILTexpenses|67,316|63,316|
|Household<br>expenses|28,027|20,054|
|Student education<br>and training expenses|49,608|64,300|
|Co-workers expenses||12,639|
|Carried forward|965,556|719,580|





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|||31.7.21|31.7.20|
|---|---|---|---|
|||E|E|
|Charitable<br>activities||||
|Brought forward||965,556|719,580|
|Repairs and renewals||119,$16|32,243|
|Office expenses||20,145|18,323|
|Student support expenses||8,884|15,262|
|Motor and travel expenses||12,846|13,974|
|Food||15,514|21,915|
|Organisational<br>expenses||11,595|14,873|
|HR costs||74,410|19,272|
|Rent||3,120|6,120|
|Motor vehicles depreciation||6,$4$|4,069|
|Computer<br>equipment|depreciation|2,650|2,668|
|Loss on fixed asset investments||120||
|Loss on sale offixed assets||285||
|Bad debts||6,277||
|||1,247,061|868,299|
|Support costs||||
|Management||||
|Wages and salaries||378,897|490,248|
|Social security||36,526|44,826|
|||415,423|535,074|
|Finance||||
|Bank and credit card|charges|9,157|14,297|
|Bank interest payable||81,878|77,741|
|||91,035|92,038|
|Governance<br>costs||||
|Auditors'<br>remuneration||3,850|3,850|
|Legal and professional|fees|30,532|24,077|
|||34,382|27,927|
|Total resources expended||1,787,901|1,523,338|





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