## ## ## |Legal and Administrative|Information|Information|||| |---|---|---|---|---|---| |Council Members'
Annual|Report||||2-4| |Report ofthe Auditors|||||6-6| |Statement ofFinancial Activities|||||| |Balance Sheet|||||| |Statement ofCash Flows|||||| |Notes forming
part ofthe|financial|statements|||10- 17| |The following
pages do not form part ofthe statutory|||financial|statements:|| |Detailed
Statement ofFinancial Activities|||||18| |Detailed Balance Sheet|||||l9| |REGISTRATION NUMBER:|02438525 (Company|02438525 (Company||limited|by|guarantee)|guarantee)|||| |---|---|---|---|---|---|---|---|---|---|---| |CHARITY NUMBER:|328414|||||||||| |COUNCIL MEMBERS:|Dr R.Dorrance|(Chairperson)||||||||| ||Dr R, Morpeth|||||||||| ||R.A. Marshall|(resigned November|||||2022)|||| ||C.J.Woottiscro(t|||||||||| ||Dr V. Pittard|||||||||| ||S.Mistry|||||||||| ||N. Barrett (appointed|||February||2023 )||||| |CHIEF EXECUTIVE OFFICER:|E Chesterman|||||||||| |REGISTERED OFFICE|Woolpack House|||||||||| ||70High Street|||||||||| ||Sawston|||||||||| ||Cambridge|||||||||| ||CB22 3HJ|||||||||| |AUDITORS;|Prentis &Co LLP|||||||||| ||Chartered
Accountants|||& Statutory|||Auditors|||| ||115cMilton Road|||||||||| ||Cambridge|||||||||| ||CB4 IXE|||||||||| |BANKERS.
'|CAF (Charities|Aid|Foundation)|||Bank||National|Westminster|Bank| ||25 Kings Hill Avenue|||||||Kings Parade Branch||| ||Kings Hill|||||||10Benet|Street|| ||West Mailing,|Kent||||||Cambridge||| ||ME19 4TA|||||||CB23PU||| ||Insignia|||||||||| ||St Johns Innovation||Centre|||||||| ||Cowley Road|||||||||| ||Cambridge|||||||||| ||CB4OWS|||||||||| |SOLICITORS.
'|Stone King|||||||||| ||3rd Floor|||||||||| ||Bateman House|||||||||| ||82-88 Hills Road|||||||||| ||Cambridge|||||||||| ||CB2 ILQ|||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||||||Restated| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||2023|2023|2023|2022|2022|2022| ||||||Notes|Univstricted|Restricted|Total|Unrestricted|Restrictedl|Total| |||||||Funds|Funds|Funds|Funds|Funds|Funds| |INCOME|FROM:||||||f.||||| |Charitable|activities:||||||||||| |Fees||||||1,055,159||1,055,159|1,304,902||1,304,902| |Publications|and licences|||||3,704||3,704|3,818||3,818| |Project income|||||||3,000|3,000|||| |Other income||||||13,606||13,606|21,568||21,568| |Invcsttneat|income:||||||||||| |Interest received||||||8,772||8,772|1,311||1,311| |TOTAL INCOME||||||1,081,241|3,000|I 084241|I 331 599||1,331,599| |EXPENDITURE ON:|||||||||||| |Charitable|activities:||||||||||| |Fees||||||1,150,947||1,150,947|1,169,707||1,169,707| |Publications|and licences|||||17,072||17,072|16,750||16,750| |Projects|||||||3,000|3,000||2,690|2,690| |Other costs||||||27,045||27,045|29,844||29,844| |TOTAL EXPENDITURE||||||1,195,064|3,000|1,198,064|1,216,301|2,690|1,218,991| |Net (expenditure)/income||||and net|||||||| |movement|in funds||||5|(113,823)||(113,823)|115,298|(2,690)|112,608| |RECONCILIATION|||OF|FUNDS|||||||| |Total funds|brought|forward||||873,138||873,138|757,840|2,690|760,530| |'Total funds|carried|forward||||759,315||759,315|873,138||873,138| ## ## |||Notes|Notes|2023
2022|| |---|---|---|---|---|---| |FIXEDASSETS|||||| |Intangible
assets||||79,935|119,140| |Tangible assets||||12,749|34,180| |TOTAL FIXEDASSETS||||92,684|153,320| |CIJRRENT ASSETS|||||| |Stocks|||10|6,579
10,436|| |Debtors|||ll|56,491
66,702|| |Cash at bank and in hand||||766,303
852,735|| |TOTAL CIJRRENT ASSETS||||829,373
929,873|| |LIABILITIES:|||||| |Creditors: Amounts
falling due|||||| |within
one year|||12|(68,589)
(100,025)|| |NET CURRENT ASSETS||||760,784|829,848| |TOTAL ASSETSLESSCURRENT||LIABILITIES||853,468|983,168| |PROVISIONS FOR LIABILITIES|||13|(94,153)|(110,030)| |TOTAL NET ASSETS||||759,315|873,138| |THE FUNDS OFTHE|CHARITY:||||| |Unrestricted
Funds|||14|759,315|873,138| |Restricted Funds|||14||| |TOTAL FUNDS||||759,315|873,138| |The financial
statements|were approved|by the Council|of Trustees on 5|s-a-'casvv)2+v
WT-K|| |and signed on its behalf|by||||| ## ## ||||||2023|2022| |---|---|---|---|---|---|---| ||||||Total|Total| |||||Notes|Funds|Funds| |||||||8| |Cash flows from operating|activities:|||||| |Net cash provided
by/(used|in) operating||activities|17|(67,881)|73,255| |Cash flows from investiog|activities:|||||| |Purchase oftangible
fixed assets|||||(3,887)|(7,752)| |Capitalisation
ofintangible|assets||||(14,664)|(25,787)| |Net cash provided
bye(used|in) investing||activities||(18,551)|(33,539)| |Change in cash and cash equivalents||ln|the year||(86,432)|39,716| |Cash and cash equivalents|brought forward||||852,735|813,019| |Cash and cash equivalents|carried forward||||766,303|852,735| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |4.|EXPENDITURE ON:|EXPENDITURE ON:||||||| |---|---|---|---|---|---|---|---|---| ||CHARITABLE ACTIVITIES||||Activities|||| ||FOR THE YEAR ENDED 30TH|||JUNE 2023|Undertaken|Other Direct|Support|2023| ||||||Directly|Costs|Costs|Total| |||||||f,||| ||Fees||||697,471|3,224|450,252|1,150,947| ||Publications|&licences|||15,771||1,301|17,072| ||Projects|||||3,000||3,000| ||Governance|costs|||||27,045|27,045| ||||||713,242|6,224|478,598|1,198,064| ||ANALYSIS|OF SUPPORT COSTS||||||| ||FOR THE YEAR ENDED 30TH|||JUNE 2023||Publications||2023| ||||||Fees|&Licences|Governance|Total| ||||||8|||| ||Postage and|carriage|||1,319|4||1,323| ||Staffcosts||||135,975|393||136,368| ||Oftice expenses||||995|3||998| ||Computer
and hardware||expenses||54 533|158||54,691| ||Telephone||||4,479|13||4,492| ||Depreciation|and amorti|sation||78,959|228||79,187| ||Professional|fees|||29,696|86||29,782| ||Accountancy||||114|||114| ||Other costs||||1,376|4||1,380| ||Recruitment|costs|||490|I||491| ||Bank and credit card charges||||12,595|36||12,631| ||Premises
expenses||||40,015|116||40,131| ||Advertising|and marketing|||89,706|259||89,965| ||||||450,252|1,301||451,553| ||ANALYSIS|OF GOVERNANCE||COSTS||||| ||Legal and professional||||||13,409|13,409| ||Auditom
remuneration||||||7,596|7,596| ||Trustees expenses||||||40|40| ||Apportionment
ofpremises costs||||||6,000|6,000| ||||||450,252|1,301|27,045|478,598| ## ## |4.a|EXPENDITLIRE ON:|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||CHARITABLE ACTIVITIES|||||||||Activities||||Restated| ||FOR THE YEAR ENDED||30TH|||JUNE 2022|||Undertaken||Other Direct||Support|2022| |||||||||||Directly||Costs|Costs|Total| ||Fees|||||||||682,403||8,377|478,927|1,169,707| ||Publications
&Ilcences|||||||||15,373|||1,377|16,750| ||Projects|||||||||||2,690||2,690| ||Governance
costs||||||||||||29,844|29,844| |||||||||||697,776||11,067|510,148|1,218,991| ||ANALYSIS OF SUPPORT|||COSTS||||||||||Restated| ||FOR THE YEAR ENDED||30TH JUNE 2022||||||||Publications|||2022| |||||||||||Fees||&Licences|Governance|Total| ||Postage and carriage|||||||||1,092||3||1,095| ||Staff costs|||||||||132,548||381||132,929| ||Office expenses|||||||||6,066||17||6,083| ||Computer
and hardware|expenses||||||||58,944||169||59,113| ||Telephone|||||||||5,542||16||5,558| ||Depreciation
and amoitisation|||||||||108,021||311||108,332| ||Professional
fees|||||||||14,726||42||14,768| ||Accountancy|||||||||102||||102| ||Other costs|||||||||318||I||319| ||Recruitment
costs|||||||||875||3||878| ||Bank and credit card charges|||||||||15,646||45||15,691| ||Premises
expenses|||||||||55,844||161||56,005| ||Advertising
and marketing|||||||||79,203||228||79,431| |||||||||||478,927||1,377||480,304| ||ANALYSIS OF GOVERNANCE|||||COSTS||||||||| ||Legal and professional||||||||||||16,470|16,470| ||Auditors
remuneration||||||||||||6,900|6,900| ||Council Member expenses||||||||||||474|474| ||Apportionment
ofpremises|||costs|||||||||6,000|6,000| |||||||||||478,927||1,377|29,844|510,148| ||The 2022 figures have been|||restated to give a better relflection|||||ofthe split ofthe|||charity's costs.|The reserves|remain| ||unchanged.|||||||||||||| ||NET EXPENDITURE/INCOME|||||FOR THE YEAR||||||||| ||The net expenditure
this|year is|||stated after charging:||||||||2023|2022| ||Auditors
remunemtion||||-|Audit|||||||7,596|6,900| ||||||-|Other services (consultancy)|||||||114|102| ||Depreciation oftangible|fixed assets|||||||||||25,318|37,626| ||Amortisation
ofintangible||fixed|||assets|||||||53,869|70,706| ||MANAGEMENT
THREAT IN RELATION TO NON-AUDIT||||||||SERVICES|||||| ||In common
with many other|||businesses ofour|||size and nature||we use our auditors|||to assist with|the preparation|| ||ofthe financiai statements.|||||||||||||| ||ANALYSIS OF STAFF|COSTS||||AND REMUNERATION||OF|||||2023|2022| ||KEYMANAGEMENT|PERSONNEL||||||||||||| ||Salaries and wages||||||||||||607,782|603,359| ||Social security costs||||||||||||47,048|43,417| ||Pension contributions||||||||||||32,156|33,733| ||||||||||||||686,986|680,509| ||The average weekly number|||of|staff employed||by the charity|during||the year were:|||2023|2022| ||Charitable
activities||||||||||||24|25| ||Management
and Administration||||||||||||2|2| ||||||||||||||26|27| ## ||INTANGIBLE FIXEDASSETS||Couise|| |---|---|---|---|---| ||FOR THE YEAR ENDED 30TH JUNE 2023|Goodwill|Development|Total| ||COST OR VALUATION|6||| ||Balance at 1st July 2022|301,166|725,153|1,026,319| ||Additions||14,664|14,664| ||Balance at 30th June 2023|301,166|739,817|1,040,983| ||AMORTISATION|||| ||Balance at 1st July 2022|224,367|682,812|907,179| ||Chmge for the year|25,599|28,270|53,869| ||Balance at 30th June 2023|249,966|711,082|961,048| ||NET BOOK VALUE as at 30th June 2023|51,200|28,735|79,935| |8a.|INTANGIBLE FIXEDASSETS||Course|| ||FOR THE YEAR ENDED 30TH JUNE 2022|Goodwill|Development|Total| ||COST OR VALUATION||f|| ||Balance at 1st July 2021|301.,166|699,366|1,000,532| ||Additions||25,787|25,787| ||Balance at 30th June 2022|301,166|725,153|1,026,319| ||AMORTISATION|||| ||Balance at 1st July 2021|198,768|637,705|836,473| ||Charge for the year|25,599|45, 107|70,706| ||Balance at 30th June 2022|224,367|682,812|907,179| ||NET BOOK VALUE as at 30th June 2022|76,799|42,341|119,140| ||TANGIBLE FIXEDASSETS||Equipment|| ||YEAR ENDED 30TH JUNE 2023||rk Software|Total| ||COST OR VALUATION|||6| ||Balance at 1st July 2022||313,547|313,547| ||Additions||3,887|3,887| ||Balance at 30th June 2023||317,434|317,434| ||DEPRECIATION|||| ||Balance at 1st July 2022||279,367|279,367| ||Charge for the year||25,318|25,318| ||Balance at 30th June 2023||304,685|304,685| ||NET BOOK VALUE as at 30th June 2023||12,749|12,749| ## ## ## ## ## |TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|Leasehold|Equipment|| |---|---|---|---|---| |YEAR ENDED 30TH JUNE 2022||Improvement|& Software|Total| |COST OR VALUATION||||| |Balance at 1st July 2021||30,073|319,254|349,327| |Additions|||7,752|7,752| |Disposals||(30,073)|(13,459)|(43,532)| |Balance at 30th June 2022|||313,547|313,547| |DEPRECIATION||||| |Balance at 1st July 2021||30,073|255,200|285,273| |Charge for the year|||37,626|37,626| |Eliminated
on disposal||(30,073)|(13,459)|(43,532)| |Balance at 30th June 2022|||279,367|279,367| |NET BOOK VALUE as at|30th June 2022||34,180|34,180| |STOCKS|||2023|2022| ||||6|| |Finished goods and goods|for resale||6,579|10,436| |DEBTORS|||2023|2022| ||||6|| |Trade debtors|||38,942|46,445| |Prepayments
and accrued income|||16,236|20,192| |Other debtors|||1,313|65| ||||56,491|66,702| |CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR||2023|2022| |||||6| |Trade creditors|||12,198|32,930| |Other creditors|||16,089|17,231| |Accruals
and deferred
income|||40,302|49,864| ||||68,589|100,025| |PROVISIONS FOR LIABILITIES|||2023|2022| |Balance brought
forward|||110,030|123,268| |Movement
in provision|||(15,877)|(13,238)| |Balance canied forward|||94,153|I 10,030| ## |14.|ANALYSIS OF|CHARITABLE FUNDS|CHARITABLE FUNDS|Brought|||Carried| |---|---|---|---|---|---|---|---| ||YEAR ENDED 30TH JUNE 2023|||Forward|Income|Expenditure|Forward| ||UNRESTRICTED FUNDS||||||| ||General
funds|||873,138|1,081,241|(1,195,064)|759,315| ||RESTRICTED FUNDS||||||| ||Open University||||3,000|(3,000)|| ||TOTAL FUNDS|||873,138|1,084,241|(1,198,064)|759,315| |14a.|ANALYSIS OF|CHARITABLE FUNDS||Brought|||Carried| ||YEAR ENDED|30TH JUNE 2022||Forward|Income|Expenditure|Fonvard| ||||||||f| ||UNRESTRICTED FUNDS||||||| ||General funds|||757,840|1,331,599|(1,216,301)|873,138| ||RESTRICTED FUNDS||||||| ||Open University|||2,690||(2,690)|| ||TOTAL FUNDS|||760,530|1,331,599|(1,218,991)|873,138| ||Restricted
fund purpose:||||||| ||Open Univetaity|- funding|received towards|ajoint project with Open University|for market research on Chinese||lemning| ||market.||||||| |15.|ANALYSIS OF NET ASSETS BETWEEN FUNDS|ANALYSIS OF NET ASSETS BETWEEN FUNDS|2023|2023|2023| |---|---|---|---|---|---| ||YEAR ENDED 30TH JUNE 2023||Unrestricted|Restricted|Total| ||||Funds|Funds|Funds| ||||||f| ||Intangible|fixed assets|79,935||79,935| ||Tangible|fixed assets|12,749||12,749| ||Current assets||829,373||829,373| ||Creditors|due within one yeiu|(68,589)||(68,589)| ||Provision|for liabilities|(94,153)||(94,153)| ||||759,315||759,315| |15a.|ANALYSIS OF NET ASSETS BETWEEN FUNDS||2022|2022|2022| ||YEAR ENDED 30TH JUNE 2022||Unrestricted|Restricted|Total| ||||Funds|Funds|Funds| ||Intangible|fixed assets|119,140||119,140| ||Tangible|fixed assets|34,180||34,180| ||Current assets||929,873||929,873| ||Creditors|due within one year|(100,025)||(100,025)| ||Provision|for liabilities|(110,030)||(110,030)| ||||873,138||873,138| ## ## |||2023|2022| |---|---|---|---| |||6|| |Net movement
in funds||(113,823)|112,608| |Add: Depreciation||25,318|37,626| |Add. Amotfisation||53,869|70,706| |Decrease in stocks||3,857|6,246| |Decrease/(increase)|in debtors|10,211|(18,785)| |(Decrease) in creditotx||(47,313)|(135,146)| |||(67,881)|73,255| ## ## ||Land &Buildings|Land &Buildings| |---|---|---| ||2023|2022| |In less than one year|30,000|30,000| |More than one year|60,000|90,000| ||90,000|120,000|