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|---|---|---|
|Report ofthe Trustees|1 to|9|
|Report ofthe IndePendent
Auditors|10 to|13|
|Statement ofFinancial Activities|14||
|Balance Sheet|15 to|16|
|Cash Flow Statement|17||
|Notes tothe Cash Flow Statement|18||
|Notes tothe Financial Statements|19 to|36|
|Detailed Statement ofFinancial Activities|37 to|38|
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||||||||$1.7.22|31.7.21|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Designated|Total|Total|
||||Notes|fund
f|funds
f|funds
f|funds
f|fundsf|
|INCOME AND|||||||||
|ENDOWMENTS||FROM|||||||
|Donations|and|legacies|2|4,967|1,400||6,367|20,429|
|Charitable|activities||||||||
|Charitable||||2,558,460|51,148||2,609,608|2,105,194|
|Investment|income|||82|||82|125|
|Total||||2,563,509|52,548||2,616,057|2,125,748|
|EXPENDITURE||ON|||||||
|Charitable|activities||||||||
|Charitable||||2,1525$9|48,336||2,200,725|1,787,901|
|Total||||2,152,389|48,336||2,200,725|1,787,901|
|NET INCOME||||411,120|4,212||415,332|337,847|
|RECONCILIATION
OF FUNDS|||||||||
|Total funds|brought forward|||2,870,328|43,509|511,118|3,424,955|3,087,108|
|TOTAL FUNDS||CARRIED|||||||
|FORWARD||||8,282,448|47,721|511,118|~,$49,2$7|3,424,955|
##
|BALANCE SHEET
31jULY 2022|||||||
|---|---|---|---|---|---|---|
||||||31.7.22|31.7.21|
|||Unrestricted|Restricted|Designated|Total|Total|
|||fund|funds|funds|funds|funds|
||Notes|f|f|f|f|f|
|FIXEDASSETS|||||||
|Tangible assets|12|4,282,381||340,718|4,623,099|4,661,222|
|Investments|13|3,199|||3,199|4,639|
|||4,285,580||340,718|4,626,298|4,665,861|
|CURRENT ASSETS|||||||
|Debtors|14|66,967|||66,967|64,917|
|Cash at bank and in hand||147,695|47,721|170,400|365,816|11,469|
|||214,662|47,721|170,400|432,783|76,386|
|CREDITORS|||||||
|Amounts
falling due within|||||||
|one year|15|(135,931)|||(135,931)|(167,386)|
|NET CURRENT ASSETS||78,731|47,721|170,400|296,852|(91,000)|
|TOTAL ASSETSLESS|||||||
|CURRENT LIABILITIES||4,364,311|47,721|511,118|4,923,150|4,574,861|
|CREDITORS|||||||
|Amounts
falling due after|||||||
|more than one year|16|(1,082,863)|||(1,082,863)|(1,149,906)|
|NET ASSETS||3,281,448|47,721|511,118|3,840,287|3,424,955|
|FUNDS|19||||||
|Unrestricted
funds|||||3,281,448|2,870,328|
|Restricted funds|||||47,721|43,509|
|Designated
funds|||||511,118|511,118|
|TOTAL FUNDS|||||3,840,287|3,424,955|
##
##
|FOR THE YEAR ENDED 31|JULY2022|||||
|---|---|---|---|---|---|
|||||31.7.22|31.7.21|
||||Notes|f|E|
|Cash flows from operating|activities|||||
|Cash generated
from operations||||463,324|440,359|
|Interest paid||||(77,452)|(81,878)|
|Nat cash provided
by operating
activities||||385,872|358,481|
|Cash flows from investing|activities|||||
|Purchase oftangible
fixed|assets|||(8,329)|(14,832)|
|Sale oftangible fixed assets||||39,419||
|Interest received||||1|3|
|Net cash provided
by/(used|in) investing||activities|31,091|(14,829)|
|Cash flows from financing|activities|||||
|Loan repayments
in year||||(62,616)|(58,190)|
|Net cash used in financing|activities|||(62,616)|(58,190)|
|Change In cash and cash equivalents||in||||
|the reporting
period||||354,347|285,462|
|Cash and cash equivalents|at the|||||
|beginning ofthe reporting|period|||11,469|(273,993)|
|Cash and cash equivalents|at the end|||||
|ofthe reporting
period||||365,816|11,469|
##
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|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OPERATING|ACTIVITIES||
|---|---|---|---|---|---|---|---|
|||||||$1.7.22|31.7.21|
||||||||E|
|Net Income forthe||reporting|period (asper the|Statement of||||
|Financial Activities)||||||415,$$2|337,847|
|Adjustments
for:||||||||
|Depreciation
charges||||||8,040|8,993|
|(Profit)/loss
on disposal offixed assets||||||(1,007)|285|
|Interest received||||||(1)|(3)|
|Interest paid||||||77,4S2|81,878|
|Loss on revaluation||ofassets||||1,440|120|
|Increase in debtors||||||(2,050)|(51,428)|
|(Decrease)/increase||In creditors||||@$5,882)|62,667|
|Net cash provided||by operations||||46$,$24|440,359|
|ANALYSIS OF CHANGES IN NET DEBT||||||||
|||||At|1.8.21|Cash flow|At $1.7.22|
||||||E|E|8|
|Net cash||||||||
|Cash at bank and|in hand||||11,469|$54,347|$65,816|
||||||11,469|$54,$47|$65,816|
|Debt||||||||
|Debts falling due within 1year||||(58,190)||(4,426)|(62,616)|
|Debts falling due|after 1year|||(1,149,906)||67,04$|(1,082,8631|
|||||(1,208,096)||62,617|(1,145,479)|
|Total||||(1y196g627)||416p964|(779,66$)|
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|||31.7.22|31.7.21|
|---|---|---|---|
||Activity|E|f|
|RDA income|Charitable||1,059|
|Fees|Charitable|2,587,895|2,059,970|
|Other Income|Charitable|21.713|44,165|
|||2,409,409|2,101,194|
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|COMPARA|TIVES FOR THE STA|TEMENT O|F FINANCIAL ACTI|VITIES|||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Designated|Total|
||||fund|funds|funds|funds|
||||E|E|E|E|
|INCOME AND ENDOWMENTS||FROM|||||
|Donations|and legacies||(27,695)|48,124||20,429|
|Charitable|activities||||||
|Charitable|||2,088,647|16,547||2,105,194|
|Investment|income||125|||125|
|Total|||2,061,077|64,671||2,125,748|
|11.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued|||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Designated|Total|
|||||fund|funds|funds|funds|
|||||E|E|E|f|
||EXPENDITURE ON|||||||
||Raising funds|||||||
||Raising donations|and legacies||||||
||Charitable activities|||||||
||Charitable|||1,732,045|55,856||1,787,901|
||Total|||1,732045|55,856||1,787,901|
||NET INCOME|||329,032|8,815||337,847|
||Transfers between||funds|(170,400)||170,400||
||Net movement
In|funds||158,632|8,815|170,400|337,847|
||RECONCILIATION|OF FUNDS||||||
||Total funds brought||forward|2,711,696|34,694|340,718|3,087,108|
||TOTAL FUNDS CARRIED FORWARD|||2,870,328|43,509|511,118|3,424,955|
##
|FOR|THE YEAR ENDED 31JULY2|022|||||
|---|---|---|---|---|---|---|
|12.|TANGIBLE FIXEDASSETS||||||
|||Freehold|Leasehold|Motor|Computer||
|||property|improvements|vehicles|equipment|Totals|
|||E|E|E|E|E|
||COST||||||
||At 1August 2021|5,410,525|38,017|88,960|47,999|5,585,501|
||Additions||||8,329|8,329|
||Disposals||(38,017)|(7,031)||t45,048)|
||At 31July 2022|5,410,525||81,929|56,328|5,548,782|
||DEPRECIATION||||||
||At 1August 2021|816,953||69,931|37,395|924,279|
||Charge for year
Eliminated
on disposal|||4,658
~$,6065|3,382|8,040
~6,6565|
||At 31July 2022|816,953||67,953|40,777|925,683|
||NET BOOK VALUE||||||
||At 31July 2022|4 600.622||10,026|15,~51|4,$26,099|
||At 31July 2021|4,593,572|38,017|19,029|10,604|4,601,222|
|13.|FIXEDASSET INVESTMENTS||||||
|||||||Unlisted|
|||||||investments|
|||||||E|
||MARKET VALUE||||||
||At 1August 2021|||||4,639|
||Revaluations|||||(1,440)|
||At 31July 2022|||||3,199|
||NET BOOK VALUE||||||
||At 31July 2022|||||3,199|
||At 31July 2021|||||4,639|
||There were no investment|assets outside|the UK.||||
##
##
||Cost or valuati|on
at3|1J|uly 2022 is represented
by:|||
|---|---|---|---|---|---|---|
|||||||Unlisted|
|||||||Investments|
|||||||f|
||Valuation
in 2022|||||8,199|
|14.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||81.7.22|31.7.21|
||||||f||
||Trade debtors||||59,202|64,917|
||Prepayments|and accrued income|||7,765||
||||||66,967|64,917|
|15.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||
||||||81.7.22|31.7.21|
||||||f|f|
||Bank loans (see note||171||62,616|58,190|
||Trade creditors||||44,887|47,041|
||Other creditors||||490|49,141|
||Accruals||||27,988|13,014|
||||||185,981|167,386|
##
|NOTES TOTHE FINANCIAL STATEMENTS - continued|NOTES TOTHE FINANCIAL STATEMENTS - continued|NOTES TOTHE FINANCIAL STATEMENTS - continued|NOTES TOTHE FINANCIAL STATEMENTS - continued|NOTES TOTHE FINANCIAL STATEMENTS - continued|||||
|---|---|---|---|---|---|---|---|---|
|FOR|THE YEAR ENDED 31JULY2022||||||||
|16.|CREDITORS: AMOUNTS
FALLING DUE AFTER MORE THAN ONE YEAR||||||||
||||||||31.7.22|31.7.21|
||||||||f|f|
||Bank loans (see note 18)||||||1,002,069|1,149,906|
|17.|I.DANS||||||||
||An analysis ofthe maturity|of|loans is given below:||||||
||||||||31.7.22|31.7.21|
||||||||f|f|
||Amounts
falling due within|one year on demand:|||||||
||Bankloans||||||62,616|58,190|
||Amounts
falling due between||two and five years:||||||
||Bank loans - 2-5 years||||||250,465|232,761|
||Amounts
falling due in more than five years:||||||||
||Repayable
by instalments:||||||||
||Bank loans more 5yr by instal||||||832,398|917,145|
|18.|SECURED DEBTS||||||||
||The following secured debts are included|||within creditors:|||||
||||||||31.7.22|31.7.21|
||||||||f|f|
||Bank loans||||||1,149,429|1,209,096|
||The bank loan and overdraft||are secured|by means of|a fixed and|floating charge over||the assets of|
||the charitable
company.||||||||
||The bank loan is repayable|by|installments|and interest|is charged|on|normal commercial|terms.|
##
|MOVEMENT|IN FU|NDS||||||
|---|---|---|---|---|---|---|---|
|||||||Net||
|||||||movement|At|
||||||At 1.8.21|in funds|31.7.22|
||||||f|E|E|
|Unrestricted|funds|||||||
|General fund|||||2,870,$28|411,120|$,281,448|
|Restricted funds||||||||
|LSISPRD Fund|||||$,4$7|($,4$7)||
|EFA Capital|Fund||||7,018|($$5)|6,68$|
|Other ESFA|income||||$,581||$,581|
|DFC Capital|grant||||$,894|$$,292|$7,186|
|EFAStudent|Financial Support|||Fund|25,579|(25,579)||
|Mental health Training|||Fund|||6|6|
|ASDA Foundation||Grant||||265|265|
||||||4$,509|4,212|47,721|
|Designated|Funds||||511,118||511,118|
|TOTAL FUNDS|||||Sg424g955|415g3$2|Sg840g287|
##
##
##
|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|in funds|
|||||E|E|E|
|Unrestricted
funds|||||||
|General fund||||2 563 509|(2 152g389)|411p120|
|Restricted funds|||||||
|LSISPRD Fund|||||(3,437)|(3,437)|
|EFA Capital
Fund||||6,683|(7,018)|(335)|
|DFC Capital grant||||33,292||33,292|
|EFAStudent
Financial Support|||Fund||(25,579)|(25,579)|
|Thomas
Baily Fund||||(300)|300||
|Mental health Training||Fund||1,200|(1,194)|6|
|ASDA Foundation|Grant|||500|(235)|265|
|ESFA Covid Support||||11,173|(11,173)||
|||||52,548|(48,336)|4,212|
|TOTAL FUNDS||||2,616,057|(2p200J725)|415,332|
##
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##
|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1.8.20|In funds|funds|31.7.21|
||||E|E||E|
|Unrestricted|funds||||||
|General fund|||2,711,696|329,032|(170,400)|2,870,328|
|Restricted funds|||||||
|LSISPRD Fund|||3,437|||3,437|
|EFA Capital|Fund||6,019|999||7,018|
|Other ESFA|Income|||3,581||3,581|
|DFC Capital|grant|||3,894||3,894|
|EFAStudent Financial Support
Thomas gaily Fund||Fund|21,751
3,487|3,828
~3,487)||25,579|
||||34,694|8,815||43,509|
|Designated|Funds||340,718||170,400|511,118|
|TOTAL FUNDS|||3,087,108|337,847||3,424,955|
##
##
|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|in funds|
|||||E|E|E|
|Unrestricted||funds|||||
|General fund||||2,061,077|(1,732,045)|329,032|
|Restricted funds|||||||
|Covid-19||||15,900|(15,900)||
|EFA Capital|Fund|||22,719|(21,720)|999|
|Other ESFA|income|||3,581||3,581|
|DFC Capital|grant|||5,924|(2,030)|3,894|
|Tuition
Fund||||11,400|(11,400)||
|EFAStudent|Financial Support||Fund|5,147|(1,319)|3,828|
|Thomas Baily||Fund|||(3,487)|(3,487)|
|||||64,671|(55,856)|8,815|
|TOTALFUNDS||||2,125,748|(1,787,901)|337,847|
##
##
||||||Net|Transfers||
|---|---|---|---|---|---|---|---|
||||||movement|between|At|
|||||At 1.8.20|in funds|funds|31.7.22|
|||||f||f|f|
|Unrestricted
funds||||||||
|General fund||||2,711,696|740,152|(170,400)|3,281,448|
|Restricted funds||||||||
|LSISPRD Fund||||3,437|(3,437)|||
|EFA Capital Fund||||6,019|664||6,683|
|Other ESFAincome|||||3,581||3,581|
|DFC Capital grant|||||37,186||37,186|
|EFAStudent Financial Support|||Fund|21,751|(21,751)|||
|Thomas
gaily Fund||||3,487|(3,487)|||
|Mental health Training||Fund|||6||6|
|ASDA Foundation|Grant||||265||265|
|||||34,694|13,027||47,721|
|Designated
Funds||||340,718||170,400|511,118|
|TOTAL FUNDS||||DD87,188|733,178|-|3,83D287|
##
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|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources
f|expended
f|in funds
f|
|Unrestricted
funds|||||||
|General fund||||4,624,586|(3,884,434)|740,152|
|Restricted funds|||||||
|Covid-19||||15,900|(15,900)||
|LSISPRD Fund|||||(3,437)|(3,437)|
|EFA Capital
Fund||||29,402|(28,738)|664|
|Other ESFA income||||3,581||3,581|
|DFC Capital grant||||39,216|(2,030)|37,186|
|Tuition
Fund||||11,400|(11,400)||
|EFAStudent
Financial Support|||Fund|5,147|(26,898)|(21,751)|
|Thomas Bally Fund||||(300)|(3,187)|(3,487)|
|Mental health Training||Fund||1,200|(1,194)|6|
|ASDA Foundation|Grant|||500|(235)|265|
|ESFA Covid Support||||11,173|(11,173)||
|||||117,219|(104,192)|13,027|
|TOTAL FUNDS||||4,741,805|i3,988,626i|753,179|
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|||31.7.22|31.7.21|
|---|---|---|---|
|||E|f|
|INCOME AND ENDOWMENTS||||
|Donations and legacies||||
|Donations
and appeals||6,$67|20,429|
|Investment
income||||
|Dividends
receivable||81|122|
|Interest receivable||1|3|
|||82|125|
|Charitable activities||||
|RDA income|||1,059|
|Fees||2,587,895|2,059,970|
|Other income||21.71$|44,165|
|||2,609,608|2,105,194|
|Total incoming resources||2,616,057|2,125,748|
|EXPENDITURE||||
|Charitable
activities||||
|Wages||66$,974|841,555|
|Social security||44,822|55,208|
|Pensions||39,178|36,704|
|Insurance||36,272|29,116|
|Light and heat||61,586|68,658|
|ILTexpenses||76,771|67,316|
|Household
expenses||26,825|28,027|
|Student education
and training|expenses|59,180|49,608|
|Repairs and renewals||77,185|119,316|
|Office expenses||20,050|20,145|
|Student support expenses||48,870|8,884|
|Motor and travel expenses||12,993|12,846|
|Food||17,160|15,514|
|Carried forward||1,184,866|1,352,897|
##
|FOR THE YEAR ENDE|D|$|1JULY2022|||
|---|---|---|---|---|---|
|||||31.7.22|31.7.21|
|||||E||
|Charitable
activities||||||
|Brought forward||||1,184,866|1,352,897|
|Organisational
expenses||||21,684|11,595|
|Donations||||1,905||
|HR costs||||66,661|23,028|
|Rent||||920|3,120|
|Bad debts|||||6,277|
|Agency staffing costs||||212,$86|51,382|
|East Lodge costs||||$8,017||
|Motor vehicles depreciation||||4,659|6,343|
|Computer
equipment||depreciation||$,$81|2,650|
|Loss on revaluation|of|fixed asset||||
|investments||||1,440|120|
|Loss/(profit)
on sale|oftangible fixed assets|||(1,007)|285|
|||||1,534,912|1,457,697|
|Support costs||||||
|Management||||||
|Wages and salaries||||501,62$|187,305|
|Social security||||47,793|17,482|
|||||549,416|204,787|
|FInance||||||
|Bank and credit card||charges||5,815|9,157|
|Bank interest payable||||77,452|81,878|
|||||8$,267|91,035|
|Governance costs||||||
|Auditors'
remuneration||||12,000|12,000|
|Auditors'
remuneration|||for non audit work|1,680||
|Legal and professional|||fees|19,450|22,382|
|||||$$,1$0|34,382|
|Total resources expended||||2,200,725|1,787,901|
|Net Income||||415.$82|357,847|