| 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 D Clements (resigned |
10November 2023) | ||||
| LJWitham (resigned |
4 | September 2023) | ||||
| RBell | ||||||
| PA Daley | ||||||
| M EScott (resigned 18 | October 2023) | |||||
| A Coe (appointed 22 | December 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 Maritime |
||||||
| Kent | ||||||
| ME4 4RT |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Total | Total | |||
| Note | ||||
| Income from: | ||||
| Charitable activities |
703,692 | 739,703 | ||
| Investments | 3,469 | 202 | ||
| Total income | 707,161 | 739,905 | ||
| Expenditure on: |
||||
| Charitable activities |
797,843 | 723,106' | ||
| Governance costs |
16,498 | 19„043 | ||
| Total expenditure | 814,341 | 742,149 | ||
| Net loss for the year | (107,180) | (2,244) | ||
| Reconciliation offunds: |
||||
| Total funds brought | forward | 698,563 | 700,807 | |
| Total funds carried | forward | 591,383 | 698,563 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Cash flows from Operating | activities | |||||
| Loss for the financial year | (107,180) | (2,244) | ||||
| Adjustments for: |
||||||
| Depreciation oftangible assets |
4,278 | 4,782 | ||||
| Interest received | (3,469) | (202) | ||||
| Decrease in debtors | 1,180 | 7,671 | ||||
| Decrease in creditors | (10,111) | (38,617) | ||||
| Net cash generated from |
Operating | activities | (115,302) | (28,610) | ||
| Cash flows from Investment | activities | |||||
| Purchase oftangible fixed | assets | (1,147) | (657) | |||
| Interest received | 3,469 | 202 | ||||
| Net cash from Investment | activities | 2322 | (455) | |||
| Net decrease in cash and | cash equivalents | (112,9S0) | (29,065) | |||
| Cash and cash equivalents | at | beginning | ofyear | 665,435 | 694,500 | |
| Cash and cash equivalents | at | the end ofyear | 552,455 | 665,435 | ||
| Cash and cash equivalents | at | the end ofyear comprise: | ||||
| Cash at bank and in hand | 552,455 | 665,435 |
| At | 1 | September | At 31August | |
|---|---|---|---|---|
| 2022 | Cash Flows | 2023 | ||
| 665,435 | (112,980) | 552,455 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Bank deposit | interest | 3,469 | 202 | ||||
| 4 | Expenditure | on charitable | activities | ||||
| 2023 | 2022 | ||||||
| College course fees | 278,199 | 238,233 | |||||
| Examination, | assessment | and achievement | costs | 42,840 | 35,736 | ||
| Staffcosts | 313,653 | 292,646 | |||||
| Establishment | costs | 131,834 | 129,943 | ||||
| Insurance | 4,163 | 5,152 | |||||
| Printing, postage, stationery |
and advertising | 3,409 | 3,311 | ||||
| Professional | fees | 23,745 | 18,085 | ||||
| 797,843 | 723,106 | ||||||
| 5 | Governance | costs | |||||
| 2023 | 2022 | ||||||
| Staffcosts | 7,578 | 10,363 | |||||
| Establishment | costs | 4,000 | 4,000 | ||||
| Accountant's | remuneration | 4,920 | 4,680 | ||||
| 16,498 | 19,043 |
| The average monthly | number ofem | ployees and full time equivalent |
(FTE)during the | year were | as follows: |
|---|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2022 | ||
| Number | FTE | Number | FTE | ||
| Office and administration | 12 | 12 | |||
| The total staff costs | and employee's | benefits was as follows: | |||
| 2023 | 2022 | ||||
| Wages and salaries | 292,825 | 273,770 | |||
| Social security | 22,128 | 18,876 | |||
| Defined contribution | pension costs | 6,278 | 8,833 | ||
| 321,231 | 301,479 |
| 9 | Tangible fixed assets | |||
|---|---|---|---|---|
| Leasehold | Office | |||
| Improvements | Equipment | Total | ||
| Cost: | ||||
| At 1 September 2022 | 16,044 | 73,167 | 89,211 | |
| Additions | 1,147 | 1,147 | ||
| At 31August 2023 | 16,044 | 74,314 | 90,358 | |
| Depreciation: | ||||
| At 1 September 2022 | 3,208 | 63,618 | 66,826 | |
| Charge for the year | 1,604 | 2,674 | 4,278 | |
| At 31August 2023 | 4,S12 | 66,292 | 71,104 | |
| Net book value: | ||||
| At 31August 2023 | 11,232 | 8,022 | 19,254 | |
| At 31August 2022 | 12,836 | 9,549 | 22,385 | |
| 10 | Debtors | |||
| 2023 | 2022 | |||
| Grants receivable | 45,380 | 48,951 | ||
| Prepayments | 15,213 | 12,823 | ||
| 60,593 | 61,774 | |||
| 11 | Current asset investments | |||
| 2023 | 2022 | |||
| Bank account deposits | 552,455 | 665,325 |
| Creditors: amounts falling due within one year |
||
|---|---|---|
| 2023 | 2022 | |
| Taxation and social security | 14,308 | 6,123 |
| Grants payable | 8,700 | 12,700 |
| Accruals | 14,461 | 23,278 |
| Deferred income | 3,450 | 8,930 |
| 40,919 | 51,031 |
| 2023 | 2022 | ||
|---|---|---|---|
| Amounts | due within one year | 60,000 | 58,000 |
| Within | 1-5years | 240,000 | 240,000 |
| 300,000 | 298,000 |