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## Helen Hunt
25/10/22
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|||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 and**inhand|||986213||579979|
||||1.537.916||684.032|
|amountsfalling**due**
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|
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||||2022||2021|
|---|---|---|---|---|---|
|||£|£|£|£|
|Cash flowsfromoperating**activities:**||||||
|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 used**in**operating activities**|||95,066||(544,149)|
|**Cash flows**frominvestingactivities:||||||
|Interestreceivable||**190**||382||
|Rental income||167,616||120.810||
|Purchaseoftangibleandintangiblefixedassets|7|**(54,009)**||||
|**Net cash provided by investing activities**|||**113,797**||**121,192**|
|**Cash flows**from **financing activities:**||||||
|Bounceb
ackloan||||**50,000**||
|**Net cash provided by financing activities**|||||**50,000**|
|**Change**in**cash and cash equivalents**in**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** in**net 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|
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|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|
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|_Governance costs_|||
|---|---|---|
|Professionalfees||2.,605|
|Auditfees|19,800|**18.000**|
||19.800|20,605|
|Advancementofeducation costs|1,634,243|892.,369|
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|**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|
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|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)|
||At30th**April** 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|
||Prepayments**and accrued**income||530.320|94,673|
||Feedebtors|||**8,987**|
||||551,703|104.053|
|Shortterminvestments|||
|---|---|---|
||2022|2021|
||£|£|
|Balanceat lstMay||402,020|
|TransfertoCashmanagementaccount||(402,296)|
|Interestearnedinyear||276|
|Balanceat30thApril|||
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|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** in**advance**|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|
|||**Movements**inresources|**Movements**inresources||
|---|---|---|---|---|
||**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|
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|||**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 lease**commitments|||2022|2021|
|||||£|£|
||Thetotal futureminimumleasepaymentsundernon-cancellableoperatingleasesfor|||||
||landand buildingare:|||||
||withinone year|||308.333|135,208|
||between**one and**fiveyears|||1,266.667||
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