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2022-04-30-accounts
Helen Hunt
25/10/22
|
|
Unrestricted |
Unrestricted |
|
Total |
Total |
|
Notes |
General |
Designated |
Restricted |
2022 |
2021 |
|
|
£ |
£ |
£ |
£ |
£ |
| Incomingresources: |
|
|
|
|
|
|
| Investmentincome |
3 |
167,806 |
o |
o |
167,806 |
121,192 |
| Fees received |
|
1,635,289 |
o |
o |
1,635,289 |
224,164 |
| Other income |
|
13,419 |
2,000 |
13,100 |
28,519 |
47,602 |
| Total incoming resources |
|
1,816,514 |
2,000 |
13,100 |
1,831,614 |
392,958 |
| Resources expended |
|
|
|
|
|
|
| Charitable activities: |
|
|
|
|
|
|
| Advancementofeducation |
4 |
1,630,446 |
1,697 |
2,100 |
1,634,243 |
892,369 |
| Total resources expended |
|
1,630,446 |
1.697 |
2,100 |
1,634,243 |
892,369 |
| Net incoming(outgoing) resources |
|
|
|
|
|
|
| and netmovement in funds forthe |
|
|
|
|
|
|
| year |
6 |
186.068 |
303 |
11,000 |
197,371 |
(499,411) |
| Reconciliationoffunds: |
|
|
|
|
|
|
| Total funds brought forward |
|
325,046 |
53,119 |
11,539 |
389,704 |
889,115 |
| Total funds carried forward |
13,14 |
511,114 |
53.422 |
22,539 |
587.075 |
389,704 |
|
|
|
2022 |
|
2021 |
|
|
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Tangibleassets |
7 |
|
46,531 |
|
5.343 |
|
|
|
46.531 |
|
5.343 |
| CURRENTASSETS |
|
|
|
|
|
| DEBTORS |
8 |
|
551.703 |
|
104,053 |
| CASH AND CASH EQUIVALENTS. |
|
|
|
|
|
| Shortterminvestments |
9 |
|
|
|
|
| Cash at bank andinhand |
|
|
986213 |
|
579979 |
|
|
|
1.537.916 |
|
684.032 |
amountsfallingdue
CREDITORS: |
|
|
|
|
|
| withinone year |
10 |
(962.372) |
|
(149.671) |
|
| NET CURRENTASSETS |
|
|
575.544 |
|
534.361 |
| TOTAL ASSETSLESS CURRENT |
|
|
|
|
|
| LIABILITIES |
|
|
622,075 |
|
539.704 |
| LESS: PROVISION FORLIABILITIES |
12 |
|
(35.000) |
|
(150.000) |
| AND CHARGES |
|
|
|
|
|
| NET ASSETS |
|
|
587.075 |
|
389.704 |
| FUNDS OFTHECHARITY. |
|
|
|
|
|
| UnrestrictedFunds |
|
|
|
|
|
| Unrestricted general fund |
|
|
511,114 |
|
325.046 |
| Designated ScholarshipFund |
|
|
53.422 |
|
53.119 |
| RestrictedFunds |
|
|
|
|
|
| RestrictedScholarshipFund |
|
|
22.5
39 |
|
11.539 |
| TOTAL FUNDS |
13, 14 |
|
587,075 |
|
389.704 |
|
|
|
2022 |
|
2021 |
|
|
£ |
£ |
£ |
£ |
| Cash flowsfromoperatingactivities: |
|
|
|
|
|
| Netincome/(expenditure) forthereportingperiod |
|
|
197,371 |
|
(449,411) |
| Adjustmentsfor. |
|
|
|
|
|
| Depreciation and Amortisation charges |
|
12,820 |
|
11,592 |
|
| Interestandrentalincome |
|
(167,806) |
|
(121,192) |
|
| (Increase)Decreaseindebtors |
|
(447,650) |
|
91,961 |
|
| Increase/(Decrease)increditors |
|
812,702 |
|
(57,099) |
|
| (Decrease)Increaseinprovision |
|
(115,000) |
|
30.000 |
|
|
|
|
|
(44,738) |
|
| Net cash usedinoperating activities |
|
|
95,066 |
|
(544,149) |
| Cash flowsfrominvestingactivities: |
|
|
|
|
|
| Interestreceivable |
|
190 |
|
382 |
|
| Rental income |
|
167,616 |
|
120.810 |
|
| Purchaseoftangibleandintangiblefixedassets |
7 |
(54,009) |
|
|
|
| Net cash provided by investing activities |
|
|
113,797 |
|
121,192 |
| Cash flowsfrom financing activities: |
|
|
|
|
|
Bounceb
ackloan |
|
|
|
50,000 |
|
| Net cash provided by financing activities |
|
|
|
|
50,000 |
| Changeincash and cash equivalentsin**the reporting ** |
period |
|
406.,234 |
|
(372,957) |
| Cash and cash equivalents at lst May |
|
(i) |
579,979 |
|
952,936 |
| Cash and cash equivalents at 30th April |
|
(i) |
986.213 |
|
579,979 |
| (i) Analysis of changes innet debt |
|
|
|
|
|
|
|
|
At I |
|
At30 |
|
|
|
May 2021 |
Cashflows |
April 2022 |
|
|
|
£ |
£ |
£ |
| Cash and Cash Equivalents |
|
|
|
|
|
| Cash |
|
|
579,979 |
406,234 |
986.213 |
| CashEquivalents |
|
|
|
|
|
|
|
|
579,979 |
406,231 |
986,213 |
| Borrowings |
|
|
|
|
|
| Debt duewithinoneyear |
|
|
(50,000) |
|
(50,000) |
| Debtdueafteroneyear |
|
|
|
|
|
|
|
|
(50,000) |
|
(50,000) |
| Total |
|
|
529,979 |
406,231 |
936.213 |
| 3. |
Investment income |
2022 |
2021 |
|
|
£ |
£ |
|
Bankinterestreceivable |
190 |
382 |
|
Rentalincome |
167,616 |
120,810 |
|
|
167.806 |
121,192 |
| Charitable activities |
2022 |
2021 |
|
£ |
£ |
| Direct costs |
|
|
| Scholarshipsandgrants |
99,146 |
|
| Accommodation |
361,757 |
|
| Teachers |
191,802 |
|
| Productions |
90,856 |
|
| Excursions |
16,299 |
|
| Othercourseexpenses |
21,781 |
|
| Administrativestaffcosts |
235,180 |
376,193 |
| Propertyexpenses |
485,701 |
419114 |
| Travelexpenses |
4,719 |
(697) |
| Officecosts |
20,358 |
13,110 |
| Professional fees |
22,209 |
7,916 |
| Marketing |
56,224 |
6,658 |
| Depreciation |
12,820 |
11,592 |
| Bank&creditcard charges |
8.871 |
3,835 |
| VATon UScosts |
|
18,904 |
| Foreignexchangegain |
(21,871) |
6,718 |
| Otherexpenses |
8,591 |
8,421 |
|
1,614,443 |
871,764 |
| Governance costs |
|
|
| Professionalfees |
|
2.,605 |
| Auditfees |
19,800 |
18.000 |
|
19.800 |
20,605 |
| Advancementofeducation costs |
1,634,243 |
892.,369 |
| Staffcosts and Trustees' remuneration |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Salaries |
242,121 |
251.893 |
| Terminationpaymentsfor loss ofoffice |
|
3,766 |
| Socialsecuritycosts |
21,792 |
25,195 |
| Pension costs |
8,586 |
9,185 |
|
272,499 |
290,039 |
| There were6 employees(2021- 5) towhomretirementbenefitswereaccruingundera moneypurchasescheme. |
There were6 employees(2021- 5) towhomretirementbenefitswereaccruingundera moneypurchasescheme. |
|
| The averagenumberoffulltime equivalentemployeesduringtheyearwereasfollows: |
|
|
|
2022 |
2021 |
|
No. |
No. |
| Administrative |
6 |
6 |
| 6. |
Netincoming/(outgoing)resourcesfortheyear |
|
|
|
|
Net incoming'(outgoing)resourcesfortheyearisstatedaftercharging; |
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Operating leases- property rentals |
|
312,152 |
324,500 |
|
Depreciation |
|
12,820 |
11,591 |
|
Auditor'sremuneration-extemal audit |
|
19.800 |
18.,000 |
|
Auditor'sremuneration-otherservices |
|
|
2,605 |
|
Governmentgrant(CoronavirusJobRetention Scheme) |
|
|
(27,316) |
| 7. |
Tangible fixed assets |
|
|
|
|
|
|
Equipment, |
|
|
|
Leasehold |
furniture |
|
|
|
costs |
& fittings |
Total |
|
|
£ |
£ |
£ |
|
Cost: |
|
|
|
|
At IstMay2021 |
400,314 |
72,535 |
472,849 |
|
Additions |
49.522 |
4,487 |
54,009 |
|
Disposals |
(400,314) |
(34,128) |
(434,442) |
|
At30thApril 2022 |
49,522 |
42,894 |
92,416 |
|
Depreciation: |
|
|
|
|
At IstMay 2021 |
400,314 |
67,193 |
467,507 |
|
Chargefortheyear |
9,904 |
2,916 |
12,820 |
|
EliminatedonDisposal |
(400,314) |
(34,128) |
(434,442) |
|
At 30thApril 2022 |
9,904 |
35,981 |
45,885 |
|
Netbook values: |
|
|
|
|
At30thApril 2022 |
39,618 |
6,913 |
46,531 |
|
At IstMay2021 |
|
5,343 |
5,343 |
| 8. |
Debtors: amounts receivable within oneyear |
|
2022 |
2021 |
|
|
|
£ |
£ |
|
SarahLawrenceCollege |
|
21,383 |
393 |
|
Prepaymentsand accruedincome |
|
530.320 |
94,673 |
|
Feedebtors |
|
|
8,987 |
|
|
|
551,703 |
104.053 |
| Shortterminvestments |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Balanceat lstMay |
|
402,020 |
| TransfertoCashmanagementaccount |
|
(402,296) |
| Interestearnedinyear |
|
276 |
| Balanceat30thApril |
|
|
| 10. |
Creditors: amounts fallingduewithin one year |
2022 |
2021 |
|
|
£ |
£ |
|
Feesinvoicedinadvance(seenoteII) |
426,153 |
27,539 |
|
Othercreditors |
475,081 |
63,022 |
|
Bouncebackloan |
50,000 |
50,000 |
|
Taxationandsocial security |
11,138 |
9,111 |
|
|
962,372 |
149,672 |
| 11. |
Fees invoiced inadvance |
2022 |
2021 |
|
|
£ |
£ |
|
Balanceat lst May |
27,539 |
|
|
Feesinvoicedin respectoffollowingyear |
398,613 |
27,539 |
|
ReleasedtoStatement ofFinancialActivities |
|
|
|
Balanceat30April |
426.152 |
27,539 |
| 12. |
Provision for liabilitiesand charges |
2022 |
2021 |
|
|
£ |
£ |
|
Balanceat lstMay |
150,000 |
120,000 |
|
ChargedtoStatementofFinancialActivitiesduringtheyear |
(115,000) |
30.000 |
|
Balanceat30hApril |
35,000 |
150,000 |
|
|
Movementsinresources |
Movementsinresources |
|
|
Balance Ist |
Incoming |
Outgoing |
Balance at 30th |
|
May 2021 |
resources |
resources |
April2022 |
|
£ |
£ |
£ |
£ |
| Unrestrictedfunds: |
|
|
|
|
| UnrestrictedGeneralFund |
325.046 |
1,816,514 |
(1,630,446) |
511,114 |
| DesignatedScholarshipfund |
53,119 |
2,000 |
(1,697) |
53,422 |
| RestrictedFunds: |
|
|
|
|
| RestrictedScholarshipFund |
11,539 |
13,100 |
(2,100) |
22,539 |
| Total |
389,704 |
1,831,614 |
(1,634,243) |
587,075 |
|
|
General |
Scholarship |
Restricted |
Total |
|
|
Fund |
Fund |
Fund |
Funds |
|
|
£ |
£ |
£ |
£ |
|
Fixedassets |
46.531 |
|
|
46.531 |
|
Currentassets |
1,461,955 |
53,422 |
22,539 |
1,537,916 |
|
Currentliabilities |
(962,372) |
|
|
(962,372) |
|
Provisions |
(35,000) |
|
|
(35,000) |
|
Netassetsat 30thApril 2022 |
511,114 |
53,422 |
22,539 |
587,075 |
|
|
General |
Scholarship |
Restricted |
Total |
|
|
Fund |
Fund |
Fund |
Funds |
|
|
£ |
£ |
£ |
£ |
|
Fixedassets |
5,343 |
|
|
5,343 |
|
Currentassets |
619.374 |
53,119 |
11,539 |
684,032 |
|
Currentliabilities |
(149.,671 |
|
|
(149,671) |
|
Provisions |
(150.,000) |
|
|
(150.,000) |
|
Netassetsat 30thApril 2021 |
325.046 |
53,119 |
11,539 |
389,704 |
| 15. |
Operating leasecommitments |
|
|
2022 |
2021 |
|
|
|
|
£ |
£ |
|
Thetotal futureminimumleasepaymentsundernon-cancellableoperatingleasesfor |
|
|
|
|
|
landand buildingare: |
|
|
|
|
|
withinone year |
|
|
308.333 |
135,208 |
|
betweenone andfiveyears |
|
|
1,266.667 |
|