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|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|
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||||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|
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||||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|
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|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|
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|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|
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|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|
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||2022|2021|
|---|---|---|
||F|E|
|Dr J Okami|||
|Wages and salaries|96,667|105,917|
|Social security|12,119|13,403|
||108,786|119,320|
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|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|
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|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|
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||||||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|
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|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|
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||2022|2021|
|---|---|---|
|Within one year||550|
|Between one and five years|||
|More than five years|||
|||550|
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