| Page | |||
|---|---|---|---|
| Charity Reference and | Administrative | Details | |
| Trustees' Statement |
|||
| Trustees' Annual Report |
3-5 | ||
| Independent Examiner' |
s Report | ||
| Statement ofFinancial | Activities | ||
| Balance Sheet | |||
| Statement ofCash Flows | |||
| Analysis ofNet Debt | 10 | ||
| Notes to the Financial | Statements | 11 - 16 |
| Charity registration | Charity registration | Charity registration | number | 290406 | ||
|---|---|---|---|---|---|---|
| Company | registration | number | 1827162 | |||
| Trustees | A TChester (resigned | 14July 2022) | ||||
| RJSanger (resigned | 14July 2022) | |||||
| A D Clements | ||||||
| LJWitham | ||||||
| RBell (appointed | 14 | July 2022) | ||||
| PA Daley (appointed | 14July 2022) | |||||
| M EScott (appointed | 12January 2023) | |||||
| Chief executive officer | M Durham | |||||
| Registered | office | 6Bourne Court | ||||
| Southend Road | ||||||
| Woodford Green | ||||||
| Essex | ||||||
| IG8 8HD | ||||||
| Independent | examiner | Clay Ratnage Strevens &Hills | ||||
| Construction House |
||||||
| Runwell Road | ||||||
| Wickford | ||||||
| Essex | ||||||
| SS117HQ | ||||||
| Bankers | National Westminster |
Bank Plc | ||||
| Western Avenue | ||||||
| Waterside | ||||||
| Chatham Marine |
||||||
| Kent | ||||||
| ME4 4RT |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Total | Total | |||
| Note | ||||
| Income from: | ||||
| Charitable activities |
739,703 | 792,055 | ||
| Investments | 202 | 55 | ||
| Total income | 739,905 | 792,110 | ||
| Expenditure on: |
||||
| Charitable activities |
723,106 | 828,517 | ||
| Governance costs |
19,043 | 22,502 | ||
| Total expenditure | 742,149 | 851,019 | ||
| Net loss for the year | (2,244) | (58,909) | ||
| Reconciliation offunds: |
||||
| Total funds brought | forward | 700,807 | 759,716 | |
| Total funds carried | forward | 69S,563 | 700,807 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets | 22,385 | 26,510 | ||||
| Current assets |
||||||
| Debtors | 10 | 61,774 | 69,445 | |||
| Investments | 11 | 665,325 | 699,953 | |||
| Cash at bank | and in | hand | 110 | 110 | ||
| 727,209 | 769,508 | |||||
| Creditors: amounts | falling due within one year | 51,031 | 95,211 | |||
| Net current | assets | 676,178 | 674,297 | |||
| Net assets | 698,563 | 700,807 | ||||
| Charity Funds | ||||||
| Unrestricted | funds | 698,563 | 700,807 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Cash flows from Operating | activities | |||||
| Loss for the financial year | (2,244) | (58,909) | ||||
| Adjustments for: |
||||||
| Depreciation oftangible assets |
4,782 | 5,624 | ||||
| Loss on disposal oftangible | assets | 1,619 | ||||
| Interest received | (202) | (55) | ||||
| Decrease in debtors | 7,671 | 7,064 | ||||
| Decrease in creditors | (38,617) | (4,596) | ||||
| Net cash generated from Operating |
activities | (28,610) | (49,253) | |||
| Cash flows from Investment | activities | |||||
| Purchase oftangible fixed assets | (657) | (23,748) | ||||
| Interest received | 202 | 55 | ||||
| Net cash from Investment | activities | (455) | (23,693) | |||
| Net decrease in cash and cash equivalents | (29,065) | (72,946) | ||||
| Cash and cash equivalents | at | beginning | ofyear | 694,500 | 767,446 | |
| Cash and cash equivalents | at | the end ofyear | 665,435 | 694,500 | ||
| Cash and cash equivalents | at | the end ofyear comprise: | ||||
| Cash at bank and in hand | 665,435 | 700,063 | ||||
| Bank overdrafts | (5,563) | |||||
| 665,435 | 694,500 |
| At 1September | At 31August | |||
|---|---|---|---|---|
| 2021 | Cash Flows | 2022 | ||
| Cash | at bank and in hand | 700,063 | (34,628) | 665,435 |
| Bank | overdrafts | (5,563) | 5,563 | |
| 694,500 | (29,065) | 665,435 |
| 3 | Income from | investments | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Bank deposit | interest | 202 | 55 | ||||
| 4 | Expenditure | on charitable | activities | ||||
| 2022 | 2021 | ||||||
| College course fees | 238,233 | 343,162 | |||||
| Examination, | assessment | and achievement | costs | 35,736 | 23,183 | ||
| Staffcosts | 292,646 | 334,750 | |||||
| Establishment | costs | 129,943 | 108,707 | ||||
| Insurance | 5,152 | 3,471 | |||||
| Printing, postage, stationery |
and advertising | 3,311 | 4,282 | ||||
| Professional | fees | 18,085 | 10,962 | ||||
| 723,106 | 828,517 | ||||||
| 5 | Governance | costs | |||||
| 2022 | 2021 | ||||||
| Staffcosts | 10,363 | 12,002 | |||||
| Establishment | costs | 4,000 | 4,000 | ||||
| Accountant' | s remuneration | 4,680 | 6,500 | ||||
| 19,043 | 22,502 |
| The av | erag | e monthly number ofemploye |
es and full time equivalent |
(FTE)during | the year were as | follows: |
|---|---|---|---|---|---|---|
| 2022 | 2022 | 2021 | 2021 | |||
| Number | FTE | Number | FTE | |||
| Office | and | administration | 12 | 12 | 14 | 14 |
| 2022 | 2021 | ||
|---|---|---|---|
| Wages and salaries | 273,770 | 314,055 | |
| Social security | 18,876 | 22,332 | |
| Defined contribution | pension costs | 8,833 | 10,366 |
| 301,479 | 346,753 |
| 9 | Tangible fixed assets | |||
|---|---|---|---|---|
| Leasehold | Office | |||
| Improvements | Equipment | Total | ||
| Cost: | ||||
| At 1 September 2021 | 16,044 | 72,510 | 88,554 | |
| Additions | 657 | 657 | ||
| At 31August 2022 | 16,044 | 73,167 | 89,211 | |
| Depreciation: | ||||
| At 1 September 2021 | 1,604 | 60,440 | 62,044 | |
| Charge for the year | 1,604 | 3,178 | 4,782 | |
| At 31August 2022 | 3,208 | 63,618 | 66,826 | |
| Net book value: | ||||
| At 31August 2022 | 12,836 | 9,549 | 22,385 | |
| At 31August 2021 | 14,440 | 12,070 | 26,510 | |
| 10 | Debtors | |||
| 2022 | 2021 | |||
| Grants receivable | 48,951 | 59,955 | ||
| Prep ayments | 12,823 | 9,490 | ||
| 61,774 | 69,445 | |||
| 11 | Current asset investments | |||
| 2022 | 2021 | |||
| Bank account deposits | 665,325 | 699,953 |
| Creditor | s: amounts faHing due within one year |
||
|---|---|---|---|
| 2022 | 2021 | ||
| Taxation | and social security | 6,123 | 5,663 |
| Grants payable | 12,700 | 8,700 | |
| Accruals | 23,278 | 77,088 | |
| Deferred | income | 8,930 | 3,760 |
| 51,031 | 95,211 |
| 2022 | 2021 | ||
|---|---|---|---|
| Amounts | due within one year | 58,000 | 51,000 |
| Within 1-5years | 240,000 | 238,000 | |
| 298,000 | 289,000 |