2022-08-31-accounts

Annual report and financial statements forthe year ended 31 August 2022
Contents	Page(s)
Trustee and advisors			1
Report of the Trustee		2	- S
Independent auditors’ report		6	- S
Statement offinancial activities			9
Balance sheet			10
Notes to the financial statements	11	-	17

forthe yearended 31 August	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	2022	2021
	Note	£000	£000	£000	£000
INCOMING RESOURCES
Incoming resources:
Donations and Legacies
Income from charitable activities
Property Rental		646	-	646	646
Total Income and Endowments		646	-	646	647
RESOURCES EXPENDED
Expenditure on Charitable activities:
Premises		916	52	968	929
Financing costs	2	574	-	574	370
Governance costs	3	3	-	3	3
Total expenditure		1493	52	1.545	1,302
NET EXPENDITURE		(847)	(52)	(899)	(655)
Total funds brought forward		2,137	633	2,770	3,425
Total funds carried forward	8	1,290	581	1,871	2.770

Balance Sheetas at 31 August 2022
		2022	2021
	Note	£000	£000
Fixed assets
Tangible assets	4	27,439	27,142
		27,439	27,142
CurrentAssets
Debtors		11,733	11,087
Investments	5	10	10
Cash at bank and in hand		2	2
		11,745	11,099
Creditors: amounts falling due within one year	6	(35,447)	(33,605)
Net current liabilities		(23,702)	(22,506)
Total assets less current liabilities		3,737	4,636
Creditors: amounts falling due after more than one		(1,866)	(1,866)
year	7
Netassets		1,871	2,770
Represented by:
Restricted lunds	8	581	633
Unrestricted funds	8	1,290	2,137
		1,871	2,770

2	Financing costs
		2022	2021
		£‘OOO	£000
Interest	payable on loans and advances from parent undertaking	574	370
3	Governance costs

3 Governance costs
	2022	2021
	E’OOO	£000
Auditors remuneration for audit services (excluding VAT)	3	2
Tax compliance services	-	1
	3	3

4 Tangible assets
	Freehold
	land &	Equipment &
	buildings	furnishings	Total
	£000	£000	£000
Cost
1 September 2021	37,660	114	37,774
Additions	1,264	-	1,264
Disposals	-	-	-
31 August 2022	38,924	114	39,038
Accumulated depreciation
1 September 2021	10518	114	10,632
Charge for the year	967	-	967
Disposals	-	-	-
31 August2022	11,485	114	11,599
Net book value
31 August 2022	27,439	-	27,439
31 August2021	27142	-	27,142

S Investments
	Restricted
	Fund	Total
	£000	£‘OOO
Market value
1 September 2021	10	10
Additions at cost
posaIs at cost
31 August 2022	10	10
Cash and short-term deposits	10	10
Historical cost
31 August 2022	10	10
31 August 2021	10	10

	2022	2021
	£‘OOO	£000
Advance from parent undertaking	35,013	33,602
Other creditors and accruals	434	3
	35,447	33,605

					2022	2021
					£000	£000
Amounts	owed	to	parent	undertaking	1,866	1,866

8 Funds
	Restricted	Unrestricted	Total
	funds	funds	funds
	£000	£000	£000
1 September 2021	633	2,137	2,770
Incoming resources	-	646	646
Resources expended	(52)	(1.493)	(1,545)
31 August 2022	581	1,290	1,871
Represented by:
Tangible fixed assets	571	26,868	27,439
Investments	10	-	10
Net current liabilities	-	(23,712)	(23,712)
Long-term habilities	-	(1,866)	(1,866)
31 August 2022	581	1,290	1,871

		Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
	Note	£000	£000	£000	£000
INCOMING RESOURCES
Incoming resources:
Donations and Legades				1
Income from charitable activities
Property Rental		646	-	646	646
Total Income and Endowments		646	1	647	646
RESOURCES EXPENDED
Expenditure on Charitable activities;
Premises		877	52	929	940
Financing costs	2	370	-	370	474
Governance costs	3	3	-	3	1
Total expenditure		1,250	52	1,302	1,415
NET EXPENDITURE		(604)	(51)	(655)	(769)
Total funds brought foTward		2,741	684	3,425	4,194
Total funds carried forward	8	2,137	633	2,770	3,425