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





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








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





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||||||2021|2020||
|---|---|---|---|---|---|---|---|
||||Unrestricted||Restricted|Unrestricted|Restricted|
|||||||F|f|
|Direct expenditure||||118,751||123,545||
|Support costs||||82,107||72,556||
|Governance<br>costs||||17,106||16,030||
|Total resources expended||||217,964||212,131||
|Direct expenditure||||||2021|2020|
|||||||F||
|Employee<br>emoluments||||||26,346|34,455|
|Travelling<br>and entertaining||||||400|490|
|Classroom<br>rent||||||90,622|87,220|
|Donations||||||1,383|1,380|
|||||||118,751|123,545|
|Support costs||||||2021|2020|
|||||||F||
|Depreciation<br>oftangible||fixed|assets|||28,086|28,814|
|Payroll administration||||||1,533|776|
|Telephone,<br>postage|and|stationary||||1,896|7,325|
|Equipment<br>leasing||||||||
|Cleaning<br>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<br>(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<br>costs||||||2021|2020|
|||||||E|E|
|Audit ofthe financial statements||||||4,200|4,200|
|Accountancy,<br>taxation|and|other professional|||services|2,760|3,416|
|Professional<br>fees||||||10,146|8,414|
|||||||17,106|16,030|





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|The average<br><br>follows;—|number ofstaff employed<br>by the Charity<br>during<br>|the year analysed<br>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|



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





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|||||
|---|---|---|---|
|Investments||2021|2020|
|||E|F|
|At beginning<br>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|





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||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<br>Residence||||||17,915|12,149|
||Cash<br>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<br>in advance||||||46,966|43,576|
||Other deferred<br>income||||||75|75|
||Taxation|and social|security||||520|1,973|
||Student|room deposits||||||1,014|
||||||||51,749|50,926|





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