2021-03-31-accounts

Contents								Pacae
Trustees' annual report, including		statement	ofTrustees'	responsibilities		in respect ofthe Trustees'	annual
report and financial statements
Independent auditor's	report to the	Trustees	ofthe Winchester		Shoei College Foundation			5-7
Statement of financial	activities
Balance sheet
Notes to the financial	statements							10-19

		Notes	2021		2020
INCOME AND ENDOWMENTS	FROM
Donations and legacies					1,382
Charitable activities			194,692		193,234
Investment income			1,182		2,465
Other incoming resources					198
Total				195,874		197,279
EXPENDITURE ON
Charitable activities			(217,964)		(212,131)
Total				(217,964)		(212,131)
NET INCOME				(22,090)		(14,852)
RECONCILIATION OF FUNDS
Total funds brought forward				91,243		106,095
General funds carried forward				69,153		91,243
Designated fund —the Trust Fund				456,245		456,245
TOTAL FUNDS CARRIED FORWARD				525,398		547,488

Investment	income			2021	2020
				F	F
Deposit interest				82	1,365
Secured loan	(Note 7)			1,100	1,100
				1,182	2,465
Incoming resources		from charitable	activities	2021	2020
				f	F
Tuition fees				148,868	135,563
Accommodation				45,824	57,671
				194,692	193,234

					2021	2020
			Unrestricted		Restricted	Unrestricted	Restricted
						F	f
Direct expenditure				118,751		123,545
Support costs				82,107		72,556
Governance costs				17,106		16,030
Total resources expended				217,964		212,131
Direct expenditure						2021	2020
						F
Employee emoluments						26,346	34,455
Travelling and entertaining						400	490
Classroom rent						90,622	87,220
Donations						1,383	1,380
						118,751	123,545
Support costs						2021	2020
						F
Depreciation oftangible		fixed	assets			28,086	28,814
Payroll administration						1,533	776
Telephone, postage	and	stationary				1,896	7,325
Equipment leasing
Cleaning and gardening						2,369	523
Repairs, maintenance,	insurance			and sundry		18,651	17,229
Light, heat and water	costs					19,005	12,453
Loan repayment (waived)						4,489	3,792
Rent and rates						8,002	4,054
Bank charges
Foreign exchange						(1,924)	(2,410)
						82,107	72,556
Governance costs						2021	2020
						E	E
Audit ofthe financial statements						4,200	4,200
Accountancy, taxation	and	other professional			services	2,760	3,416
Professional fees						10,146	8,414
						17,106	16,030

The average follows;—	number ofstaff employed by the Charity during	the year analysed by category	was as
		2021	2020
Management	and administration
The aggregate	payroll costs were as follows:-	2021	2020
		E	E
Wages and salaries		23,011	32,962
Social security		3,335	1,493
		26,346	34,455

	2021	2020
	E	E
Dr J Okami
Wages and salaries	105,917	104,021
Social security	13,403	11,132
	119,320	115,153

Investments		2021	2020
		E	F
At beginning of	year	4,489	8,281
Loan repayment	waived	(4,489)	(3,792)
			4,489
Allocated to:
Fixed asset investment			697
Current asset investment			3,792

	Debtors						2021	2020
							f	f
	Amounts	owed from	related		party		13,403	11,132
							13,403	11,132
	Cash at	bank and	in	hand			2021	2020
							F	F
	Current	accounts:—
	Trustees	ofWinchester		Shoei College			53,741	31,932
	Savings	Account					436,445	456,362
	Chilbolton Residence						17,915	12,149
	Cash in	hand					1,197	1,430
							509,298	501,873
10.	Creditors: amounts		falling		due within	one year	2021	2020
	Trade creditors						4,188	4,288
	Fees received in advance						46,966	43,576
	Other deferred income						75	75
	Taxation	and social	security				520	1,973
	Student	room deposits						1,014
							51,749	50,926