| Trustees | Richard Fernie, FRSA- Chair | Richard Fernie, FRSA- Chair | Richard Fernie, FRSA- Chair | |||
|---|---|---|---|---|---|---|
| Alan Thorpe, BCom, | FCA | |||||
| Peter Stansfield, BA |
||||||
| Ben Elger, LLB | ||||||
| Amanda Kirkpatrick |
BA, MSc | |||||
| Anjula Sharma-Smith | (Appointed | 11August 2022) | ||||
| Charity number | 293983 | |||||
| Principal address | International House |
|||||
| 12Constance Street | ||||||
| London E162DQ | ||||||
| E162DQ | ||||||
| Independent | examiner | Stephen Meredith |
FCA DChA | |||
| Alliotts LLP | ||||||
| 4th Floor Friary Court | ||||||
| 13-21 High Street | ||||||
| Guildford | ||||||
| Surrey | ||||||
| GU1 3DL | ||||||
| Bankers | Lloyds Bank Pic | |||||
| 147 High Street | ||||||
| Guildford | ||||||
| GU1 3AG | ||||||
| Solicitors | Moore Barlow LLP | |||||
| Concord House | ||||||
| 165Church Street | East | |||||
| Woking | ||||||
| GU21 6HJ |
| Page | ||
|---|---|---|
| Trustees' report |
1-4 | |
| Statement oftrustees' | responsibilities | |
| Independent examiner's report |
||
| Statement offinancial | activities | |
| Balance sheet | ||
| Notes to the financial | statements | 10-18 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds for 16 | funds for 12 | ||||
| months | months | ||||
| 2022 | 2021 | ||||
| Notes | R | ||||
| IQQHQKfCQQL' | |||||
| Charitable activities |
507,517 | 198,110 | |||
| Investments | 575 | 1,455 | |||
| Total Income | 508,092 | 199,565 | |||
| Raising funds | 3,366 | 138 | |||
| Charitable activities |
517,860 | 202,092 | |||
| Total resources | expended | 521,226 | 202,230 | ||
| Net gains/(losses) | on investments | 10 | 315 | 5,826 | |
| Net movement | in | funds | (12,819) | 3,161 | |
| Fund balances | at 1 April 2021 | 181,007 | 177,846 | ||
| Fund balances | at | 31July 2022 | 168,188 | 181,007 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | |||||||||
| Fixed assets | |||||||||
| Tangible assets | 11 | 190 | 379 | ||||||
| Investments | 12 | 103,730 | 78,989 | ||||||
| 103,920 | 79,368 | ||||||||
| Current assets | |||||||||
| Debtors | 14 | 15,958 | 6,938 | ||||||
| Investments | 15 | 57,636 | 57,063 | ||||||
| Cash at bank | and | in | hand | 43,037 | 77,265 | ||||
| 116,631 | 141,266 | ||||||||
| Creditors: amounts | falling | due within | |||||||
| one year | (52,363) | (39,627) | |||||||
| Net current assets | 64,268 | 101,639 | |||||||
| Total assets | less | current | liabilities | 168,188 | 181,007 | ||||
| Income funds | |||||||||
| Unrestricted | funds | 168,188 | 181,007 | ||||||
| 168,188 | 181,007 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Cash flows from operating | activities | |||||||
| Cash (absorbed by)/generated |
from | 20 | ||||||
| operations | (9,804) | |||||||
| Investing | activities | |||||||
| Purchase | oftangible fixed assets |
(568) | ||||||
| Purchase | of investments | (24,900) | (49,971) | |||||
| Proceeds | from disposal of | investments | (99) | (1,012) | ||||
| Investment | income received | 575 | 1,455 | |||||
| Net cash | used in Investing | activities | (24,424) | |||||
| Net cash | used in financing |
activities | ||||||
| Net decrease in cash and |
cash equivalents | (34,228) | ||||||
| Cash and | cash equivalents | at beginning | of 16 | month | ||||
| period | 77,265 | |||||||
| Cash and | cash equivalents | at end of | 16month | |||||
| period | 43,037 |
| Period end | Year end | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Schools | Counselling | 507,517 | 198,110 |
| Period end | Year end | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| drais' | nd | u | I' | |||
| Finders' fees | 2,750 | |||||
| Investment | management | costs | 616 | 138 | ||
| Fundraising | and | publicity | 3,366 | 138 | ||
| 3,366 | 138 |
| Period end | Year end | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Staff costs | 28,635 | 16,937 | ||
| Schools Counselling | 430,250 | 162,662 | ||
| Self-employed | supervisors | 22,066 | 9,586 | |
| Counsellors' | Training | 3,316 | 805 | |
| 484,267 | 189,990 | |||
| Grant funding | of activities (see note 6) | 25,396 | 1,953 | |
| Share of support costs (see note 7) | 4,899 | 6,862 | ||
| Share ofgovernance | costs (see note 7) | 3,298 | 3,287 | |
| 517,860 | 202,092 |
| Period end | Year end | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| F | ||||
| Grants to | institutions: | |||
| Burlington | Junior School | 5,020 | ||
| Cobham | Free School | 3,200 | ||
| Danes Hill |
School | 720 | ||
| Hlnchley | Wood | 1,653 | ||
| Hale Academy | 3,350 | 300 | ||
| Hampton | Infants School | 370 | ||
| Hook Junior School | 1,410 | |||
| Merstham | Park School | 4,490 | ||
| Roseberry | School | 2,640 | ||
| Tolworth | Girls' School | 3,245 | ||
| Godalming | College | 300 | ||
| Christ's College | 651 | |||
| 25,396 | 1,953 |
| Support | costs | |||||||
|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2022 | Support | Governance | 2021 | |||
| costs | costs | costs | costs | |||||
| f. | f. | |||||||
| Office Rent and | ||||||||
| Insurance | Costs | 714 | 714 | 4,126 | 4,126 | |||
| Advertising, Travelling |
||||||||
| and Barring Service | ||||||||
| charges | 1,142 | 1,142 | 583 | 583 | ||||
| Office expenses, phone, |
||||||||
| broadband | 3,043 | 3,043 | 2,153 | 2,153 | ||||
| Accounts | preparation | |||||||
| and examination fees |
2,660 | 2,660 | 3,146 | 3,146 | ||||
| Web Site | re-design | and | ||||||
| Other Governance | costs | 638 | 638 | 141 | 141 | |||
| 4,899 | 3,298 | 8,197 | 6,862 | 3,287 | 10,149 | |||
| Analysed | between | |||||||
| Charitable | activities | 4,899 | 3,298 | 8,197 | 6,862 | 3,287 | 10,149 |
| The average | monthly number ofemployees during t |
he 16month period was: |
|
|---|---|---|---|
| Period end | Year end | ||
| 2022 | 2021 | ||
| Number | Number | ||
| Period end | Year end | ||
| Employment | costs | 2022 | 2021 |
| Wages and salaries | 27,986 | 16,432 | |
| Other pension costs | 649 | 505 | |
| 28,635 | 16,937 |
| Period | end | Year end | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Revaluation | of | investments | 315 | 5,826 |
| Tangible | fixed asset | s | ||
|---|---|---|---|---|
| Computers | ||||
| Cost | ||||
| At 1 April | 2021 | 568 | ||
| At 31 July | 2022 | 568 | ||
| Depreciation and impairment |
||||
| At 1 April | 2021 | 189 | ||
| Depreciation charged |
in the 16month | period | 189 | |
| At 31 July | 2022 | 378 | ||
| Carrying | amount | |||
| At 31 July | 2022 | 190 | ||
| At 31 March 2021 | 379 | |||
| Fixed asset investments | ||||
| Listed | ||||
| Investments | ||||
| Cost or valuation | ||||
| At 1 April | 2021 | 78,989 | ||
| Additions | 24,900 | |||
| Valuation | changes | 315 | ||
| Disposals | (474) | |||
| At 31 July | 2022 | 103,730 | ||
| Carrying | amount | |||
| At 31 July | 2022 | 103,730 | ||
| At 31 March 2021 | 78,989 |
| Period end | Year end | |||||
|---|---|---|---|---|---|---|
| 13 | Financial Instruments |
2022 | 2021 | |||
| Carrying amount of |
financial | assets | ||||
| Equity instruments measured |
at current | market value | 103,730 | 84,814 | ||
| Instruments measured |
at cost | 57,636 | 57,063 |
| 14 | Debtors | Period end | Year end | |||
|---|---|---|---|---|---|---|
| Amounts | falling due | within one year: | 2022 | 2021f | ||
| Trade debtors | 8,358 | 2,247 | ||||
| Schools | Counselling | charges receivable | (accrued income) | 6,940 | 4,289 | |
| Prepayments | 660 | 402 | ||||
| 15,958 | 6,938 | |||||
| 15 | Current | asset Investments | Period end | Year end | ||
| 2022 | 2021 | |||||
| Unlisted | investments | 57,636 | 57,063 |
| Unlisted | investments | are funds | are funds | held | in a United | Trust | Bank account | and are due to mature | and are due to mature | on 17 January | on 17 January | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023. | |||||||||||||
| 16 | Creditors: amounts | falling | due | within one year | |||||||||
| 2022 | 2021 | ||||||||||||
| Notes | |||||||||||||
| Other taxation and social security | 140 | ||||||||||||
| Deferred | income | 17 | 28,099 | 10,369 | |||||||||
| Trade creditors | 20,418 | 25,651 | |||||||||||
| Other creditors | 710 | 607 | |||||||||||
| Accruals | and deferred | income | 2,996 | 3,000 | |||||||||
| 52,363 | 39,627 | ||||||||||||
| 17 | Deferred | income | |||||||||||
| 2022 | 2021 | ||||||||||||
| Arising from Schools |
Counselling | services | 28,099 | 10,369 | |||||||||
| Deferred | income is included | in the financial statements | as follows: | ||||||||||
| 2022 | 2021 | ||||||||||||
| Deferred | income is included | within: | |||||||||||
| Current | liabilities | 28,099 | 10,369 | ||||||||||
| Movements in the 16 |
month | period: |
| Deferred income | (Continued) | |||
|---|---|---|---|---|
| Deferred income at | 1 April 2021 | 10,369 | 5,249 | |
| Resources deferred | in the 16month | period | 17,730 | 5,120 |
| Deferred income at | 31 July 2022 | 28,099 | 10,369 |
| 19 | Related party transactions | Related party transactions | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| There were no disclosable related |
party | transactions | during | the 16month | period (2021 - none). | ||||||
| 20 | Cash generated from operations |
2022f | 2021 | ||||||||
| (Deficit)/surplus for the 16month |
period | (12,819) | 3,161 | ||||||||
| Adjustments for: |
|||||||||||
| Investment income recognised |
in | statement | offinancial | activities | (575) | (1,455) | |||||
| Fair value gains and losses on | investments | (315) | (5,826) | ||||||||
| Depreciation and impairment oftangible |
fixed assets | 189 | 189 | ||||||||
| Movements in working capital: |
|||||||||||
| (Increase)/decrease in debtors |
(9,020) | 29,569 | |||||||||
| (Decrease) in creditors |
(4,994) | (1,565) | |||||||||
| Increase in deferred income |
17,730 | 5,120 | |||||||||
| Cash (absorbed by)/generated |
from operations | (9,804) | 29,193 | ||||||||
| 21 | Analysis ofchanges in net funds |
||||||||||
| The charity had no debt during | the | year. |