| Trustees | Mr TSCramant | ||
|---|---|---|---|
| Mr M N Fletcher | |||
| Mr D M Taylor | |||
| Mrs J EWilcox | |||
| Mr M Foster | |||
| Charity number | 515073 | ||
| Company | number | 01644174 | |
| Registered | office | Stafford Road | |
| Monton | |||
| Eccles | |||
| Manchester | |||
| Auditor | Barlow Andrews | LLP | |
| Carlyle House | |||
| 78 Chorley New |
Road | ||
| Bolton | |||
| Bankers | The Royal Bank | ofScotland Plc | |
| Walkden Branch |
|||
| Walkden | |||
| Worsley | |||
| Manchester |
| Page | ||
|---|---|---|
| Trustees' report |
1-3 | |
| Statement ofTrustees' | responsibilities | |
| Independent auditor's |
report | 5-8 |
| Statement offinancial |
activities | |
| Balance sheet | 10 | |
| Statement ofcash flows |
||
| Notes to the financial | statements | 12-20 |
| Notes | 2022f | 2021f | ||||
|---|---|---|---|---|---|---|
| Income and endowments | from: | |||||
| Income from charitable | activities | 1,250,382 | 1,135,933 | |||
| Investments | 400 | 73 | ||||
| Other income | 980 | 39,307 | ||||
| Total income | 1,251,762 | 1,175,313 | ||||
| Ex enditure on: | ||||||
| Expenditure on charitable |
activities | 1,190,769 | 1,090,856 | |||
| Net income and net movement | in funds before gains and losses on | |||||
| investments | 60,993 | 84,457 | ||||
| Net (losses)/gains on |
investments | (161,495) | 253,664 | |||
| Net movement in funds |
(100,502) | 338,121 | ||||
| Fund balances at 1 September 2021 | 2,364,736 | 2,026,615 | ||||
| Fund balances at 31 | August 2022 | 2,264,234 | 2,364,736 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | f | f | ||||||
| Fixed assets | ||||||||
| Tangible assets | 10 | 542,112 | 571,904 | |||||
| Investments | 11 | 1,048,541 | 1,210,036 | |||||
| 1,590,653 | 1,781,940 | |||||||
| Current assets | ||||||||
| Debtors | 40,600 | 452,995 | ||||||
| Cash at bank | and | in | hand | 810,514 | 821,182 | |||
| 851,114 | 1,274,177 | |||||||
| Creditors: amounts | falling due within | |||||||
| one year | 14 | (177,533) | (691,381) | |||||
| Net current assets | 673,581 | 582,796 | ||||||
| Total assets less | current liabilities | 2,264,234 | 2,364,736 | |||||
| Income funds | ||||||||
| Unrestricted funds |
||||||||
| Designated funds: |
||||||||
| Tangible fixed | assets | 542,112 | 571,904 | |||||
| Development | funds | 400,000 | 400,000 | |||||
| 16 | 942,112 | 971,904 | ||||||
| General unrestricted |
funds | 1,322,115 | 1,392,825 | |||||
| Share capital | 7 | 7 | ||||||
| 2,264,234 | 2,364,736 | |||||||
| 2,264,234 | 2,364,736 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Cash flows from operating | activities | ||||||
| Cash generated from operations |
20 | 10,439 | 256,552 | ||||
| Investing | activities | ||||||
| Purchase | oftangible fixed assets |
(21,507) | (906) | ||||
| Investment | income received | 400 | 73 | ||||
| Net cash | used in investing | activities | (21,107) | (833) | |||
| Net cash | used in financing | activities | |||||
| Net (decrease)/increase in |
cash and | cash | |||||
| equivalents | (10,668) | 255,719 | |||||
| Cash and | cash equivalents | at beginning | of year | 821,182 | 565,463 | ||
| Cash and | cash equivalents | at end of | year | 810,514 | 821,182 |
| 2022 | 2021 | ||
|---|---|---|---|
| 'Z | |||
| Interest | receivable | 400 | 73 |
| 2022 | 2021 | ||
|---|---|---|---|
| Insurance | claim receivable | 980 | 250 |
| Grant receivable | 39,057 | ||
| 980 | 39,307 |
| 2022 | 2021 | ||
|---|---|---|---|
| Staff costs | 816,778 | 778,222 | |
| Depreciation and impairment |
51,299 | 49,589 | |
| Recruitment costs |
1,600 | ||
| Establishment costs |
38,627 | 38,086 | |
| Postage and stationery | 8,361 | 9,487 | |
| Repairs and maintenance | 59,655 | 55,273 | |
| Once expenses | 4,074 | 1,214 | |
| Services and supplies | 130,971 | 120,808 | |
| Transport and security |
26,744 | 2,208 | |
| Advertising and promotion |
6,736 | 5,679 | |
| Bad debts | 9,988 | 10,135 | |
| Bank charges | 1,048 | 998 | |
| Accountancy fees | 7,388 | 10,100 | |
| Cost oftrustee meetings | 828 | 244 | |
| Legal and professional | fees | 20,732 | 2,993 |
| Auditors' remuneration |
5,940 | 5,820 | |
| Unrestricted funds |
1,190,769 | 1,090,856 |
| The average |
monthly number ofemployees during th |
e year was: | |
|---|---|---|---|
| 2022 | 2021 | ||
| Number | Number | ||
| Teaching staff | 24 | 22 | |
| Administration | staff | 5 | 4 |
| Domestic staff | 3 | 6 | |
| 32 | |||
| Employment | costs | 2022f | 2021 |
| Wages and salaries | 722,181 | 686,597 | |
| Social security | costs | 61,964 | 59,474 |
| Other pension | costs | 32,633 | 32,151 |
| 816,778 | 778,222 |
| Net (losses) | /gains on investments |
||
|---|---|---|---|
| 2022 | 2021 | ||
| E | f | ||
| Revaluation | ofinvestments | (161,495) | 253,664 |
| 10 | Tangible fixed assets | Tangible fixed assets | ||||||
|---|---|---|---|---|---|---|---|---|
| Land and | Property | Fixtures, | Computers | Total | ||||
| buildings | improvements | fittings & |
equipment | |||||
| equipmentf | ||||||||
| Cost | ||||||||
| At 1 September 2021 | 701,960 | 294,877 | 163,567 | 132,925 | 1,293,329 | |||
| Additions | 5,034 | 16,473 | 21,507 | |||||
| At 31August | 2022 | 701,960 | 294,877 | 168,601 | 149,398 | 1,314,836 | ||
| Depreciation | and impairment | |||||||
| At 1 September 2021 | 350,769 | 110,205 | 128,268 | 132,183 | 721,425 | |||
| Depreciation | charged | in the year | 14,037 | 29,486 | 5,121 | 2,655 | 51,299 | |
| At 31August | 2022 | 364,806 | 139,691 | 133,389 | 134,838 | 772,724 | ||
| Carrying amount |
||||||||
| At 31August | 2022 | 337,154 | 155,186 | 35,212 | 14,560 | 542,112 | ||
| At 31August | 2021 | 351,191 | 184,672 | 35,299 | 742 | 571,904 |
| Listed | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| investmentsf | |||||||||
| Cost orvaluation | |||||||||
| At 31August | 2021 | 1,210,036 | |||||||
| Revaluations | (161,495) | ||||||||
| At 31August | 2022 | 1,048,541 | |||||||
| Carrying amount |
|||||||||
| At 31August | 2022 | 1,048,541 | |||||||
| At 31August | 2021 | 1,210,036 | |||||||
| 12 | Financial instruments |
2022 | 2021 | ||||||
| E | |||||||||
| Carrying amount |
offinancial | assets | |||||||
| Debt instruments | measured | at amortised | cost | 823,590 | 1,254,881 | ||||
| Equity instruments | measured | at cost less | impairment | 1,048,541 | 1,210,036 | ||||
| Carrying amount |
offinancial | liabilities | |||||||
| Measured at |
amortised | cost | 177,533 | 675,858 | |||||
| 13 | Debtors | ||||||||
| 2022 | 2021 | ||||||||
| Amounts falling |
due | within | one year: | E | |||||
| Trade debtors | 4,732 | 394,400 | |||||||
| Other debtors | 8,344 | 39,299 | |||||||
| Prepayments | and | accrued income | 27,524 | 19,296 | |||||
| 40,600 | 452,995 |
| 14 | Creditors: amounts | Creditors: amounts | falling due within one year | ||
|---|---|---|---|---|---|
| 2022f | 2021 | ||||
| Other taxation | and social security | 15,523 | |||
| Trade creditors | 16,488 | 20,002 | |||
| Other creditors | 1,420 | 9,301 | |||
| Accruals and deferred | income | 159,625 | 646,555 | ||
| 177,533 | 691,381 |
| Share capital | 2022 | 2021 |
|---|---|---|
| Ordinary share capital | ||
| Issued and fully paid | ||
| 7 Ordinary shares ofE1 each |
| Analysis ofnet assets between funds | |||
|---|---|---|---|
| Unrestricted | funds | ||
| Fund balances at 31August 2022 are represented | by: | ||
| Tangible assets | 542,112 | ||
| Investments | 1,048,541 | ||
| Net current assets | 673,581 | ||
| 2,264,234 | |||
| Prior year | Unrestricted | funds | |
| Fund balances at 31August 2021 are represented | by: | ||
| Tangible assets | 571,904 | ||
| Investments | 1,210,036 | ||
| Net current assets | 582,796 | ||
| 2,364,736 |
| 2022 | 2021 | ||
|---|---|---|---|
| Aggregate | compensation | 117,764 | 126,638 |
| Other than the above note there are no related | Other than the above note there are no related | party transactions | party transactions | to report for this or the previous | year. | |
|---|---|---|---|---|---|---|
| 20 | Cash generated from operations |
2022 | 2021 | |||
| (Deficit)/surpus for the year |
(100,502) | 338,121 | ||||
| Adjustments for: |
||||||
| Investment income recognised in statement |
of | financial | activities | (400) | (73) | |
| Fair value gains and losses on investments | 161,495 | (253,664) | ||||
| Depreciation and impairment oftangible fixed assets |
51,299 | 49,589 | ||||
| Movements in working capital: |
||||||
| Decrease/(increase) in debtors |
412,395 | (391,427) | ||||
| (Decrease)fincrease in creditors |
(513,848) | 514,006 | ||||
| Cash generated from operations |
10,439 | 256,552 | ||||
| 21 | Analysis ofchanges in net funds |
|||||
| The charitable company had no debt during |
the year. |