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|Trustees'
annual
report|||1-12|
|Notice ofannual
general||meeting|13|
|Independent
auditors'
report|||14-16|
|Consolidated|statement|offinancial activities|17|
|Consolidated|balance sheet||18|
|Balance sheet|||19|
|Consolidated|statement|ofcash flows|20|
|Notes forming|part ofthe financial statements||21 - 31|
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|There were n|o residential
cour|ses
in the|year ending 2021|due to|COVID-19 G|ov|ernment|restriction.||
|---|---|---|---|---|---|---|---|---|---|
||||Number of||Number|of||Number of||
||||courses||students|||student days||
|Residential courses - over iwo||days|2022|2021|2022||2021|2022|2021|
|Schools|||57||2,492|||8,379||
|Other groups|of young people||2||77|||238||
|Supervisory|and management|staff|18||249|||540||
|Universities||||||||||
||||77||2,818|||9,157||
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|||||||Number|of|
|---|---|---|---|---|---|---|---|
|||||||student days||
|||||||2022|2021|
|Non-residential
courses||||||||
|Schools||||||3381|0|
|Ski courses open to the public||||||0|14|
|Holiday courses open to the public||||||4282|2295|
|Private lessons||||||138|54|
|Birthday parties &family groups||||||512|32|
|Groups (schools, youth groups,|||Army etc)|||478|1291|
|Management
development|and||team building|courses||111|40|
|||||||8,902|3,726|
|Total number of student days||||||18059|3726|
|The centre reopened
to residentials
in June 2022 as restrictions|||||were lifted which|ran alongside|family|
|party groups and holiday courses.||||||||
|Includedin
the above figures|are the following:|||||||
|Student days for disadvantaged|||young people|||||
|Student days for young people||with disabilities||||||
|Type ofstudent||||||||
|School children||||||96%|0%|
|Supervisory
and management||staff||||4%|0%|
|Other adults||||||0%|0%|
|Length ofcourse||||||||
|Longerthan
two days||||||51||
|Two days||||||||
|Non-residential||||||49||
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|FOR THE YEAR EN||DED 31 MARCH 2|022|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|Funds|Funds|2022|2021|
|||||E|E|E|E|
|Income from:||||||||
|Donations
and legacies||||90,817||90,817|196,446|
|Other trading
activities|||3|374,570||374,570|220,764|
|Charitable
activities|||3|817,604||817,604|333,112|
|Investments||||434||434|697|
|Other||||88,147||88,147|399,941|
|Total income||||1,371,573||1,371,573|1,150,960|
|Expenditure
on:||||||||
|Raising funds|||3,5|322,059||322,059|452,056|
|Charitable
activities|||5|977,797|13,722|991,519|560,836|
|Total expenditure||||1,299,855|13,722|1,313,577|1,012,892|
|Net income/(expenditure)||for the year||||||
|before transfers||||71,718|(13,722)|57,996|138,069|
|Gross transfers
between||funds||||||
|Net movement
in funds||||71,718|(13,722)|57,996|138,069|
|Fund balances
brought|forward at 1 April 2021|||1,483,472|724,690|2,208,162|2,070,093|
|Fund balances carried|forward|||||||
|at 31 March 2022||||1,555,190|710,968|2,266,158|2,208,162|
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|||||Note||2022||2021|
|---|---|---|---|---|---|---|---|---|
|||||||6||6|
|Fixed assets|||||||||
|Tangible assets||||||1,628,622||1,679,787|
|Current assets|||||||||
|Stocks||||11|16,282||24,690||
|Debtors||||12|123,178||66,246||
|Cash at bank|and|in|hand||1,172,580||917,484||
||||||1,312,040||1,008,421||
|Creditors: amounts|||falling due||||||
|within one year||||13|~494,837||251,379||
|Net current|(liabilities)/assets|||||817,203||757,042|
|Total assets||||||2,445,825||2,436,829|
|Creditors: amounts|||falling due||||||
|after more than one|||year|14||179,667||228,667|
|Net assets||||||2,266,158||2,208,162|
|Funds|||||||||
|Unrestricted|funds|||||1,555,190||1,483,472|
|Restricted funds||||||710,968||724,690|
|Total funds||||16||2,266,158||2,208,162|
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|||||Note||2021f|2020f|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Tangible assets||||||1,628,622|1,679,787|
|Investment|in subsidiary|||||100|100|
|||||||1,628,722|1,679,887|
|Current assets||||||||
|Stocks||||11|16,282|24,690||
|Debtors||||12|997,880|730,615||
|Cash at bank and||in|hand||444,637|448,735||
||||||1,458,799|1,204,040||
|Creditors:|amounts||falling due|||||
|within one|year|||12|~475,726)|~794,275)||
|Net current|(liabilities)/assets|||||1,043,671|1,009,765|
|Total assets||||||2,672,393|2,689,652|
|Creditors:
after more|amounts
than one||falling due
year|14||~179661,|~226,667|
|Net assets||||||2,492,726|2,460,985|
|Funds||||||||
|Unrestricted|funds|||||1,781,732|1,736,295|
|Restricted
funds||||||710,968|724,690|
|Total funds||||16||2,492,700|2,460,985|
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||||||Note|2022|2021|
|---|---|---|---|---|---|---|---|
|||||||6|5|
|Net cash used in operating|activities||||24|301,580|78,436|
|Cash flows from investing|activities|||||||
|Interest and dividends||||||434|697|
|Purchase oftangible
fixed assets||||||(30,582)|(5,442)|
|Cash provided
by (used in) investing|||activities|||30,148|4,745|
|Cash flows from financing|activities|||||||
|Borrowing||||||(16,333)|245,000|
|Cash used in financing
activities||||||16,333)|245,000|
|Increase
in cash and cash||||||||
|equivalents
in the year||||||255,099|318,691|
|Cash and cash equivalents|at the|beginning||ofthe year||917,483|598,792|
|Total cash and cash equivalents||at|the end ofthe year|||1,172,582|917,483|
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||||Subsidiary|Subsidiary|Charity||
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
|||||6|6|6|
|income from activities|||||||
|Charitable
course fees|||||817,604|333,112|
|Corporate course fees|||157,210|2,502|||
|Recreational
course fees|||156,255|196,391|||
|Other income from use|of|famlities|61,105|21,871|||
|Licence fees charged
by|||||||
|Bowles Rocks Trust Limited|||(25,000)|(25,000)|25,000|25,000|
|Apportioned
costs recharged|by||||||
|Bowles Rocks Trust Limited|||(320,643)|(443,594)|||
|Gross profit: subsidiary|||28,927|(247,830)|||
|Admimstrative
expenses|||(2,734)|(5,170)|||
|Other income|||63|178|179,336|596,907|
|Net profit for the year: subsidiary|||26,256|(252,823)|||
|Amount donated
under corporate||gift aid|||||
|to Bowles Rocks Trust Limited|||||||
|Gross incoming
resources:|charity||26,256|(252,823)|1,021,940|955,019|
|Costs ofgenerating
funds|||||(2,508)|(18,198)|
|Costs of charitable
activities|||||(991,519) (1,100,379)||
|Net income/(expenditure)|||26,256|(252,823)|27,914|(163,558)|
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|4|Net movement
in|funds - net income|funds - net income|for the year|for the year||||2022
f|2021
8|
|---|---|---|---|---|---|---|---|---|---|---|
||This is stated after charging:||||||||||
||Depreciation
oftangible||fixed assets||||||81,747|83,707|
||Auditors'
remuneration||||||||7,050|295|
||During the year, no Trustees received any remuneration|||||(2021 - SNil).|||||
||During the year, no Trustees received any benefits
The Trustees were not paid but travel expenses of||||in kind (2021 - SNil).
SNII (2021:fNIL) in total were|||reimbursed
to nil|(2021; NIL) Trustees.||
|5|Resources expended||||||||||
|||||Costs of||Costs of|Costs|Costs of|Total|Total|
|||||Generating||Ancillary|Incurred
by|Charitable|2022|2021|
|||||Voluntary||Trading|Trading|Activities|||
|||||Income|||Subsidiary||||
|||||f|||f||||
||Training
salaries||||||77,384|275,867|353,251|281,262|
||L&D Salaries||||||SS,SS8||65,658|90,376|
||Other training costs||||||6,865|25,616|32,481|13,609|
||Catering
and maintenance||||||||||
||salaries||||||48,688|173,342|222,030|178,099|
||Other catering and||||||||||
||maintenance
costs||||||39,837|142,991|182,828|51,690|
||Administration
salaries||||||43,271|154,257|197,528|201,150|
||Other administrative|costs|||||29,767|111,598|141,365|77,082|
||Irrecoverable
VAT||||||7,281|26,247|33,528|17,377|
||Bad debt|||||||(6,397)|(6,397)|0|
||Depreciation|||||||81,748|81,748|83,706|
||Bursary fees|||||||||11,387|
||Bar saladies|||||229|||229|1,321|
||Shop/bar/vending|costs||||2,279|||2,279|1,970|
||Auditors'
remuneration||||||||||
||Audit services||||||800|6,250|7,050|3,863|
|||||||2,508|319,551|991,519|1,313,577|1,012,892|
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|6|Staff costs|Staff costs|||||||2022||||2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E||||E|
||Wages and||salaries||||||754,404|||679,451||
||Travelling|expenses|||included|in administrative|expenses|in|note 5||||1,970|
||Social security costs||||||||55,629|||45,827||
||Other pension|||costs|||||28,664|||26,929||
||||||||||838,696|||754,177||
||The average|||monthly|number|of employees|was: 38(2021:||35.8)and the average|monthly||number|of|
||employees||during the year expressed as full||||time equivalents||was as follows (including||casual and||part-|
||time staff):|||||||||||||
||||||||||2022||||2021|
||Training|||||- Full time|||7.4||||6.0|
|||||||-Seasonal|||4.8||||7.1|
|||||||-Part time|||1.5||||3.8|
||Administration|||||- Full time|||3.4||||5.0|
|||||||- Part time|||1.1||||0.5|
||Learning|8|Development|||- Full time|||1.2||||2.0|
|||||||-Part time|||0.8||||1.0|
||Bar|||||-Part time|||0.0||||0.5|
||Maintenance|||||- Full time|||1.0||||1.0|
|||||||-Part time|||0.4||||0.5|
||Catering|||||- Full time|||2.1||||3.0|
|||||||-Part time|||5.5||||5.4|
||||||||||29.2||||35.8|
|2022|2021|
|---|---|
|1|1|
|7|Interest payable|2022|2021|
|---|---|---|---|
||||E|
||On bank loans and overdrafts|3,191|133|
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|11|Stocks|||2022||2021||
|---|---|---|---|---|---|---|---|
|||||Group|Trust|Group|Trust|
|||||6|8|5|5|
||Goods for resale|||16,282|16,282|24,690|24,690|
|12|Debtors|||2022||2021||
|||||Group|Trust|Group|Trust|
|||||6||5||
||Amounts
due from subsidiary||||937,491||666,619|
||Trade debtors|||65,316|2,527|13,193|10,944|
||Less: Bad Debt Provision|||||||
||Prepayments
and accrued income|||57,862|57,862|53,053|53,053|
|||||123,178|997,880|66,246|730,615|
|13|Creditors: amounts||falling due|2022||2021||
||within one year|||Group
6|Trust
8|Group
5|Trustf|
||Trade creditors|||70,149|70,149|36,026|36,026|
||Bank loans and overdrafts (see note 15)|||49,000|49,000|16,333|16,333|
||Tax and social security costs|||39,244|29,333|22,545|21,911|
||Other creditors|||759|759|7,339|7,339|
||Accruals and deferred||income|335,685|265,886|169,135|112,667|
|||||494,837|415,128|251,378|194,276|
||Deferred income|||Group
5|Trustf|||
||Deferred
income at|1|April 2021|160,888|106,622|||
||Resources deferred|during the year||320,787|252,542|||
||Amounts
released
from previous years|||(160,888)|(106,622)|||
||Deferred
income at|31 March 2022||320,787|252,542|||
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|ment offun|ds - prior year||||||
|---|---|---|---|---|---|---|
|||Brought|Incoming|Resources|Transfers|Carried|
|||forward
f|resources
f|expended
f|in/outf|forwardf|
|Designated|Funds||||||
|Building Projects||450,000|||(100,000)|350,000|
|Replacement|vehicles|30,000|||(10,000)|20,000|
|Depostis
in|advance|160,000
640,000|320,786
320,786|160,000
160,000|~770,000|320,786
690,786|
|General funds|||||||
|General fund||1,329,520|1,141,734|(987,783)|(640,000)|843,471|
|||1,969,520|1,462,520|~827,783|~750,000|1,534,257|
|Restricted funds|||||||
|Fixed asset fund||736,684||(13,722)||722,962|
|Bursary fund||3,889|9,226|(11,387)||1,728|
|||740573|922,8|~25,709||724,690|
|||2,710,093|1471746|~, 852,
,892||2,258,947|
|ysis
ofgroup net assets between funds|- current year|||
|---|---|---|---|
||Unrestricted|Restricted||
|Fund balances at 31 March 2022
are represented
by;|Fundsf|Funds
f|Totalf|
|Tangible
fixed assets|919,380|709,242|1,628,622|
|Cash at bank and
in hand|1,172,580||1,172,580|
|Other current assets|139,460||139,460|
|Creditors|(674,504)||(674,504)|
||1,556,916|709,242|2,266,158|
|ysis
ofgroup net assets between funds|- prior year|||
|---|---|---|---|
||Unrestricted|Restricted||
|Fund balances at 31 March 2021
are represented
by;|Fundsf|Funds|Total|
|Tangible
fixed assets|956,823|722,984|1,679,787|
|Cash at bank and
in hand|917,484||917,484|
|Other current assets|90,936||90,936|
|Creditors|(470,819)|(9,226)|(48O,O45)|
||1,494,424|713,738|2,208,162|
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|cash flow from oper|ati|ng
ac|tivities.||||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||funds|funds|
||||||2022|2021|
|Net movement
in funds|||||57,996|138,069|
|Add back depreciation||charge|||81,748|83,706|
|Deduct interest
income||shown|in investing|activities|(434)|(697)|
|Decrease (increase)|in|stock|||8,408|8,377|
|Decrease (increase)|in|debtors|||(56,932)|28,268|
|Increase (decrease)|in|creditors|||210,793|(179,286)|
|Net cash used in operating|||activities||301,580|78436|