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|Trustees report|||1-5|
|Statement|oftrustees|responsibilities||
|Independent|auditor's|report|7-8|
|Statement|offinancial|activities||
|Statement|offinancial|position|10|
|Statement|ofcash flows|||
|Notes to the financial||statements|12-21|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2020|2019|
|||Notes|||
|Income and endowments|from:||||
|Grants|||281,847|250,216|
|Charitable
activities|||104,269|770,196|
|Investments|||33,069|50,623|
|Government
grants|||76,819||
|Total income|||496,004|1,071,035|
|Ex enditure on:|||||
|Charitable
activities|||559,814|1,020,553|
|Net (expenditure)/income|for the year/||||
|Net movement
in funds|||(63,810)|50,482|
|Fund balances at 1 January|2020||1,128,776|1,078,294|
|Fund balances at 31 December 2020|||1,064,966|1,128,776|
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|||||||2020||2019||
|---|---|---|---|---|---|---|---|---|---|
|||||Notes||||f||
|Fixed assets||||||||||
|Tangible assets||||10|||1,031,147||1,045,407|
|Current assets||||||||||
|Debtors||||||104,823||99,776||
|Cash at bank and|in|hand||||182,536||244,027||
||||||287,359|||343,803||
|Creditors: amounts||falling due within||||||||
|one year||||13|(109,794)|||(163,726)||
|Net current assets|||||||177,565||180,077|
|Total assets less|current liabilities||||||1,208,712||1,225,484|
|Creditors: amounts||falling due after||||||||
|more than one year||||14|||(143,746)||(96,708)|
|Net assets|||||||1,064,966||1,128,776|
|Income funds||||||||||
|Unrestricted
funds||||||||||
|Designated
funds||||17||||15,145||
|General
unrestricted||funds|||983,541|||1,032,206||
|Revaluation
reserve||||||81,425||81,425||
||||||||1,064,966||1,128,776|
||||||||1,064,966||1,128,776|
|The financial statements|||were approved|by the Trustees|on|23 February|2021|||
|||||||/g'ck gieeceI be||||
|P Sanders||||N Wescombe||||||
|Trustee||||Trustee||||||
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|||||||2020||2019||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|F||||
|Cash flows from operating|||activities|||||||
|Cash (absorbed
by)/generated|||from||20|||||
|operations|||||||(145,782)||135,734|
|Investing|activities|||||||||
|Purchase|oftangible
fixed|assets||||(407)||(17,989)||
|Proceeds|on disposal oftangible|||fixed||||||
|assets||||||2,820||||
|Investment|income received|||||33,069||50,623||
|Net cash|generated
from|investing||||||||
|activities|||||||35,482||32,634|
|Financing|activities|||||||||
|Proceeds|of new bank loans|||||50,000||||
|Repayment|of bank loans|||||(1,191)||(13,082)||
|Net cash|generated
from/(used|||in)||||||
|financing|activities||||||48,809||(13,082)|
|Net (decrease)/increase||in|cash|and|cash|||||
|equivalents|||||||(61,491)||155,286|
|Cash and|cash equivalents|at beginning|||ofyear||244,027||88,741|
|Cash and|cash equivalents||at end of||year||182,536||244,027|
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|Freehold|land and buildings|zero||
|---|---|---|---|
|Plant and|equipment|25% reducing|balance|
|Motor vehicles||25% reducing|balance|
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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2020|2019|
||Grants Receivable||||281,847|250,216|
|4|Charitable|activities|||||
||||||UnrestrictedUnrestricted||
||||||funds|funds|
||||||2020|2019|
||||||f||
||Incoming|resources|from charitable|activities|104,269|770,196|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2020|2019|
||Rental Income||33,069|50,623|
|6|Government|grants|||
||||Unrestricted|Total|
||||funds||
||||2020|2019|
|||||F|
||Government|grants|76,819||
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|||||||Unrestricted
Unrestricted|Unrestricted
Unrestricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2020|2019|
|||||||f.||
|Staff costs||||||336,263|457,247|
|Depreciation
and impairment||||||10,382|15,136|
|Commission
and discounts||||||6,016|31,169|
|Material
/ library|/ student|||||52,211|271,590|
|Sport hall costs||||||14|1,014|
|Staff canteen
/ welfare|||/ entertainment|||4,635|9,300|
|Building costs||||||75,782|112,872|
|Marketing
costs||||||11,503|21,035|
|Bus passes||||||2,010|28,400|
|Other administration||costs -||main||34,146|45,136|
|Representation|/ British Council|||||5,941|5,631|
|Subscriptions
and professional|||||fees|2,163|1,590|
|Bank charges||||||1,110|2,984|
|Loan interest||||||6,561|4,308|
|Loss on disposal|of|tangible||fixed assets||1,464|1,028|
|||||||550,201|1,008,440|
|Share ofgovernance|||costs|(see note )||9,613|12,113|
|||||||559,814|1,020,553|
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|||2020|2019|
|---|---|---|---|
|||Number|Number|
|Administrative||7|7|
|Teaching||10|18|
|Premises||2|3|
|Total||19|28|
|Employment|costs|2020|2019|
|Wages and salaries||307,508|420,261|
|Social security|costs|18,831|26,987|
|Other pension|costs|9,924|9,999|
|||336,263|457,247|
|Tangible fixe|d assets|||||||
|---|---|---|---|---|---|---|---|
||||Freehold|land|Plant and Motor vehicles||Total|
||||and buildings||equipment|||
|Cost||||||||
|At 1 January|2020||1,000,000||181,139|19,320|1,200,459|
|Additions|||||407||407|
|Disposals||||||(6,700)|(6,700)|
|At 31 December 2020|||1,000,000||181,546|12,620|1,194,166|
|Depreciation|and impairment|||||||
|At 1 January|2020||||144,223|10,829|155,052|
|Depreciation|charged|in the year|||9,331|1,052|10,383|
|Eliminated
in|respect ofdisposals|||||(2,416)|(2,416)|
|At 31 December 2020|||||153,554|9,465|163,019|
|Carrying
amount||||||||
|At 31 December 2020|||1,000,000||27,992|3,155|1,031,147|
|At 31 December 2019|||1,000,000||36,916|8,491|1,045,407|
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|Debtors||||
|---|---|---|---|
|||2020|2019|
|Amounts
falling due within one year:||||
|Trade debtors||62,137|52,629|
|Other debtors||8,780|12,000|
|Prepayments|and accrued income|33,906|35,147|
|||104,823|99,776|
|Loans and overdrafts||||
|||2020|2019|
|Bank loans||159,068|110,259|
|Payable
within|one year|15,322|13,551|
|Payable after|one year|143,746|96,708|
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||||2020|2019|
|---|---|---|---|---|
|||Notes|||
|Bank loans||12|15,322|13,551|
|Other taxation and social security|||5,170|7,651|
|Deferred income||15|54,802|95,091|
|Trade creditors|||20,370|12,919|
|Other creditors|||1,288|6,809|
|Accruals and deferred|income||12,842|27,705|
||||109,794|163,726|
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|14|Creditors: amounts|falling due after more than one year||||
|||||2020|2019|
||||Notes|||
||Bank loans||12|143,746|96,708|
|15|Deferred income|||||
|||||2020|2019f|
||Arising
from course|fees||54,802|95,091|
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|||Movement|in funds|2019|Movement
in|funds 2020||
|---|---|---|---|---|---|---|---|
|||Allocation|Resources|Transfers|Balance at|Resources|Balance at|
|||from general|expended||1 January 2020|expended|31 December|
|||reservesf|f.|||f.|2020
f|
|Designated|Fund|18,333|(18,333)|15,145|15,145|(15,145)||
|||18,333|(18,333)|15,145|15,145|(15,145)||
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||2020|2019f|
|---|---|---|
|Within one year|3,456|3,456|
|Between two and five years|2,592|5,184|
||6,048|8,640|
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|||||||2020f|2019f|
|---|---|---|---|---|---|---|---|
||Aggregate
compensation|||||54,700|55,220|
||Trustees|||||||
||There are no related
party transactions||with|any trustees|for both the current and prior year.|||
|20|Cash generated
from operations|||||2020|2019|
|||||||E|E|
||(Deficit)/surpus
for the year|||||(63,810)|50,482|
||Adjustments
for:|||||||
||Investment
income recognised|in statement||offinancial|activities|(33,069)|(50,623)|
||Loss on disposal oftangible
fixed assets|||||1,464|1,028|
||Depreciation
and impairment
oftangible||fixed assets|||10,382|15,135|
||Movements
in working
capital:|||||||
||(Increase)/decrease
in debtors|||||(5,047)|118,474|
||(Decrease)/increase
in creditors|||||(15,413)|33,286|
||(Decrease)
in deferred
income|||||(40,289)|(32,048)|
||Cash (absorbed
by)/generated|from|operations|||(145,782)|135,734|
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|21|Analysis ofchanges
in net funds|Analysis ofchanges
in net funds||||
|---|---|---|---|---|---|
||||At 1 January|Cash flows|At 31 December|
||||2020||2020|
||||f|||
||Cash at bank and|in hand|244,027|(61,491)|182,536|
||Loans falling due|within one year|(13,551)|(1,771)|(15,322)|
||Loans falling due|after more than one year|(96,708)|(47,038)|(143,746)|
||||133,768|(110,300)|23,468|