2022-03-31-accounts

Contents							Pacae
Trustees' annual report, including	statement	ofTrustees'	responsibilities		in respect ofthe Trustees'	annual
report and financial statements
Independent examiner's report to	the Trustees ofthe Winchester			Shoei	College Foundation
Statement offinancial activities
Balance sheet
Notes to the financial statements							8-17

			Notes	2022		2021
INCOME AND ENDOWMENTS		FROM
Donations and legacies				1,229
Charitable activities				185,231		194,692
Investment income				71		1,182
Total					186,530		195,874
EXPENDITURE ON
Charitable activities				(321,273)		(217,964)
Total					(321,273)		(217,964)
NET INCOME					(134,743)		(22,090)
RECONCILIATION OF FUNDS
Total funds brought	forward				525,398		547,488
General funds carried	forward						69,153
Designated fund —the	Trust Fund		10		390,655		456,245
TOTAL FUNDS CARRIED FORWARD					390,655		525,398

			Note	2022		2021
FIXEDASSETS
Tangible assets				7,615		34,264
					7,615		34,264
CURRENT ASSETS
Debtors			7	12,120		13,403
Prepayments				33,589		28,187
Cash at bank and	in hand		8	443,895		509,298
				489,604		550,888
CREDITORS
Amounts falling due within		one year	9	(98,703)		(51,749)
Accruals				(7,861)		(8,005)
NET CURRENT ASSETS					383,040		491,134
NET ASSETS					390,655		525,398
THE FUNDS OF THE CHARITY
Unrestricted funds			10		390,655		525,398
TOTAL CHARITY	FUNDS				390,655		525,398

Investment		income			2022	2021
					F	F
Secured loan		(Note 7)			71	1,100
					71	1,100
Incoming	resources		from charitable	activities	2022	2021
					F	f
Tuition fees					145,513	148,868
Accommodation					39,717	45,824
					185,231	194,692

Resources expended:	charitable	charitable	charitable	activities
				2022		2021
			Unrestricted		Restricted	Unrestricted	Restricted
					F	F	E
Direct expenditure				183,033		118,751
Support costs				115,556		82,107
Governance costs				22,684		17,106
Total resources expended				321,273		217,964
Direct expenditure						2022	2021
						F	F
Employee emoluments						41,289	26,346
Travelling and entertaining						290	400
Classroom rent						84,961	90,622
University accommodation		costs				37,972
Accommodation refunds						18,521
Donations							1,383
						183,033	118,751
Support costs						2022	2021
						F
Depreciation oftangible		fixed	assets			27,742	28,086
Payroll administration						2,681	1,533
Telephone, postage and		stationary				1,994	1,896
Cleaning and gardening						748	2,369
Repairs, maintenance,	insurance			and sundry		12,823	18,651
Dilapidations assessment						60,000
Light, heat and water	costs					4,438	19,005
Rent & rates						5,130	8,002
Loan repayment (waived)							4,489
Foreign exchange							(1,924)
						115,556	82,107
Governance costs						2022	2021
						F	F
Audit ofthe financial statements							4,200
Independent examination						900
Accountancy, taxation	and	other professional			services	2,760	2,760
Professional fees						19,024	10,146
						22,684	17,106

The average follows:-	number ofstaff employed by the Charity during	the year analysed by category	was as
		2022	2021
Management	and administration
The aggregate	payroll costs were as follows:-	2022	2021
		F	F
Wages and salaries		31,715	23,011
Social security		9,573	3,335
		41,289	26,346

	2022	2021
	F	E
Dr J Okami
Wages and salaries	96,667	105,917
Social security	12,119	13,403
	108,786	119,320

Tangible fixed assets	Tangible fixed assets
		Freehold	Short leasehold	Furniture and	Total
		property	property	equipment
			F	E
Cost
At beginning	ofyear	133,628	474,650	130,458	738,736
Additions				1,093	1,093
Disposals
At end ofyear		133,628	474,650	131,551	739,829
Depreciation
At beginning	ofyear	(123,594)	(452,904)	(127,974)	(704,472)
Charge for year		(3,341)	(21,746)	(2,655)	(27,742)
At end ofyear		(126,935)	(474,650)	(130,628)	(732,213)
Net book value
At 31 March	2022	6,693		922	7,615
At 31 March	2021	10,034	21,746	2,484	34,264

Debtors				2022	2021
				f
Amounts	owed from related		party	12,120	13,403
Prepayments				33,589	28,187
				45,709	41,590
Cash at	bank and in hand			2022	2021
				F	E
Current accounts:-
Trustees	ofWinchester	Shoei College		50,106	53,741
Savings	Account			376,516	436,445
Chilbolton	Residence			15,839	17,915
Cash in hand and card				1,434	1,197
				443,895	509,298
Creditors: amounts falling			due within one year	2022	2021
				F
Trade creditors					4,188
Fees received in advance				38,517	46,966
Provision	for dilapidations			60,000
Other deferred income				75	75
Taxation	and social security			111	520
				297,565	51,749

					Balance at	Incoming	Resources	Balance at
					01.04.2021	resources	expended	31.03.2022
					F	F	F
General	fund				69,153	186,530	(255,683)
Designated		fund	—The Trust	Fund	456,245		(264,452)	191,793
Total accumulated			unrestricted	funds	525,398	186,530	(520,135)	191,793

The freehold property disclosed in Note 6 ofthese fina of Dr J Okami, the Dean ofWinchester Shoei College.	ncial statements is used as a place of residence	ncial statements is used as a place of residence
G Okami, the wife of Dr J Okami received remuneration	from the Charity for her services as follows:-
	2022	2021
	F	f
Wages and salaries	6,843	6,843
Social security	2	3
	6645	6,846

	2022	2021
Within one year		550
Between one and five years
More than five years
		550