2021-08-31-accounts

				Page
Reference and Administrative		Details of the Company,	its Trustees and Advisers	1
Trustees' Report				2-5
Independent Auditor's	Report	on the Financial Statements		6-9
Statement of Financial	Activities			10
Balance Sheet
Statement ofCash Flows				12
Notes to the Financial	Statemenls			13-24

			Unrestricted	Total	Tolal
			funds	funds	funds
			2021	2021	2020
		Note	6	f	0
Income from:
Donations and legacies		3			100
Charitable activities		4	446,434	446,434	906,263
Other trading activities		5	6,343	6,343	14,999
Total income			452,777	452,777	921,362
Expenditure on:
Charitable activities			485,472	485,472	1,045,913
Total expenditure			485,472	485,472	1,045,913
Net movement in funds			(32,695)	(32,695)	(124,551)
Reconciliation offunds:
Total funds brought	forward		42,971	42,971	167,522
Net movement in funds			(32,695)	(32,695)	(124,551)
Total funds carried	forward		10,276	10,276	42,971

				2021		2020
		Note		6
Fixed assets
Investment property		10		349,500		349,500
Current assets
Debtors		11	38,760		174,323
Cash al bank and in hand			44,616		392,326
			83,376		566,649
Creditors: amounts	falling due within one
year		12	(422,600)		(873,178)
Net current liabilities				(339,224)		(306,529)
Total net assets				10,276		42,971
Charity funds
Restricted funds		13
Unrestricled funds		13		10,276		42,971
Total funds				10,276		42,971

					2021f	2020f
Cash flows from operating		activities
Net cash	used In operating	activities			(347,710)	134,701
Change	in cash and cash	equivalents	in	the year	(347,710)	134,701
Cash and	cash equivalents	at the beginning		ofthe year	392,326	257,625
Cash and cash equivalents		at the end	of	the year	44,616	392,326

			Unrestricte	Total
			d funds	funds
			2021f	2021f
	Teaching		583,507	583,507
	Grants made to studenis		(137,073)	(137,073)
	Total		446,434	446,434
			Vnrestri cted	Total
			funds	funds
			2020 6	2020f
	Teaching		1,244,596	1,244,596
	Grants made to students		(338,333)	(338,333)
	Total 2020		906,263	906,263
5.	Income from other trading	activities

		Unrestricted	Total
		funds	funds
		2021 f	2021f
Sundry	income	1,254	1,254
Grants		5,089	5,089
		6,343	6,343

		Unrestricted	Total
		funds	funds
		2020f	2020
Sundry	income	4,999	4,999
Grants		10,000	10,000
		14,999	14,999

		Activities
		undertaken	Total
		directly	funds
		2021	2021
		E	6
Teaching		470,889	470,889
Welfare		1,245	1,245
Support		964	964
Management	&admln	12,374	12,374
		485,472	485,472

		Activities
		undertaken	Tolal
		directly	funds
		2020	2020
		6	8
Teaching		831,520	831,520
Welfare		26,463	26,463
Support		115,193	115,193
Management	&admin	72,737	72 737
		1,045,913	1,045,913

					Manage-
					ment 8	Total
		Teaching	Welfare	Support	admln	funds
		2021 5	2021 5	2021f	2021 6	2021f
Staff costs		391,705				391,705
Rates &water		21,465				21,485
Insurance					145	145
Light & heat		442				442
Poslage, stationery subscriptions	&	7,954		404		8,358
Sunddes			1,245			1,245
Travel				560		560
Canleen		13,610				13,610
Repairs		1,070				1,070
Shows		1,177				1,177
Education costs		7,236				7,236
Bank charges		492				492
Legal					12,228	12,228
Bad debts		25,718				25,718
		470,889	1,245	964	12,373	485,471

Analysis of	direct	costs (conti	nu	ed)
								Management	Total
				Teaching		Irfeftare	Support	& admin	funds
					2020f	2020 2	2020	2020 8	2020 8
Staffcosts				575,876					575,876
Fee for use offixed		assets			9,645				9,845
Rates &water					23,265				23,265
Insurance								9,980	9,980
Light &heat					f5,642				15,642
Telephone							5,729		5,729
Postage, stationery subscriptions		&			6,812		8,730		15,542
Advertising							21,138		21,138
Sundries						4,334		2,611	6,945
Training & recruitment						22,129			22,129
Travel							4,531		4,531
Canteen					40,469				40,469
Computer							18,292		18,292
Hire ofequipment					10,744				10,744
Repairs							56,773		56,773
Shows					11,171				11,171
Education costs					17,667				17,667
Bank charges					811				811
Legal								60,146	60,146
Bad debts					93,121				93,121
Cleaning					28,297				26,297
				831,520		26,463	115,193	72,737	1,045913
Auditor's remuneration
								2021	2020
								2	8
Fees payable to the annual accounts		Company's	auditor		for the audit of the Company's			4,000	3,800
Fees payable	to the	Company's	auditor		in respect	of:
All non-audit	services not included			above				1,260	1,200

		2021	2020
		E
Due within one year
Trade debtors		34,735	152,214
Other debtors		2,423	19,682
Prepayments	and accrued income	1,602	2427
		38,760	174,323

			2021	2020
			E
Trade creditors			251	2,892
Amounts	owed to Italia	Conti Academy ofThealre Arts Limited	335,633	698,437
Other creditors			4,164	80
Accruals	and deferred	income	82,352	171,789
			422,600	873,178

Statement	of	funds	-	curre	nt year
						Balance at 1				Balance at
						September				31 August
						2020f	Income f	Expenditure	f	2021 f
Unrestricted		funds
Reserves						42,971	452,777	(485,472)		10,276
Statement	of	funds	-	prior	year
						Balance et				Balance at
						I September				31August
						2019f	Income	Expenditure	f	2020 f
Unrestricted		funds
Reserves						167,522	921,362	(1,045,913)		42971

						Balance at 1				Balance at
						September				31 August
						2020f	Income f	Expenditure	f	2021 f
General	funds					42,971	452,777	(486,472)		10,276
Summary		offunds	-	prior	year
						Balance el				Balance et
						1Seplember				31August
						2019f	Income	Expenditure		2020
General	funds					167,522	921,362	(1,045,913)		42971

Analysis	of net assets between funds - current yea	r
		Unrestricte	Total
		d funds	funds
		2021f	2021
Investmant	property	349,500	349,500
Current assets		83,376	63,376
Creditors	due within one year	(422,600)	(422,600)
Total		10,276	10,276

Analysis	of net assets between funds - prior year
		Unrestricted	Total
		funds	funds
		2020f	2020f
Investment	properly	349,500	349,500
Current assets		566,649	566,649
Creditors	due within one year	(873,178)	(873,178)
		42,971	42,971