## 

|Trustees|||Philip Cashen<br>(Chair)|||
|---|---|---|---|---|---|
||||William<br>Connolly|||
||||Philip Corfield|||
||||Victoria Cowley|||
||||Annette Johnson|||
||||P McCabe|||
||||Richard Meegan|||
||||Keith Housley|||
||||Howard<br>Fleming|(Appointed|18January 2021)|
||||Paul Musa|(Appointed|20 September 2021)|
|Chief Executive Officer|||Maxine Ennis|||
|Secretary/|Finance Manager||Jayne Eccleston|||
|Charity number|||518951|||
|Company|number||02050597|||
|Principal address|||Rotunda<br>College|||
||||109Great Mersey Street|||
||||Liverpool|||
||||Merseyside|||
||||L5 2PL|||
|Registered||office|Rotunda<br>College|||
||||109Great Mersey Street|||
||||Liverpool|||
||||Merseyside|||
||||L5 2PL|||
|Independent||examiner|Mr Peter Taaffe FCA CTA DChA|||
||||Suite 5.1|||
||||12Tithebarn<br>Street|||
||||Liverpool|||
||||L2 2DT|||
|Bankers|||Lloyds Bank pic|||
||||Merchants<br>Court|||
||||2-12 Lord Street|||
||||Liverpool|||
||||L2 1TS|||





## 

||||Page|
|---|---|---|---|
|Trustees'|report||1-7|
|Statement|oftrustees'|responsibilities||
|Independent<br>examiner's<br>report||||
|Statement|offinancial|activities|10-11|
|Balance sheet|||12 - 13|
|Statement|ofcash flows||14|
|Notes to|the financial|statements|15-28|





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|Current financial year|Current financial year|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|||
|||||2021|2021|2021|2020|
||||Notes|f||||
|~~mitrom||||||||
|Donations<br>and|legacies|||50,322||50,322|59,669|
|Charitable<br>activities||||648,717|274,525|923,242|769,973|
|Other trading<br>activities||||5,195||5,195|462|
|Investments||||20||20|9|
|Total income||||704,254|274,525|978,779|830,113|
|Ex<br>di ur<br>on:||||||||
|Raising funds||||3,791||3,791|1,623|
|Charitable<br>activities||||614,096|268,161|882,257|751,732|
|Total expenditure||||617,887|268,161|886,048|753,355|
|Net incoming|before transfers|||86,367|6,364|92,731|76,758|
|Gross transfers|between|funds||73,219|(73,219)|||
|Net income/(expenditure)||for the year/||||||
|Net movement|in funds|||159,586|(66,855)|92,731|76,758|
|Fund balances|at 1 September 2020|||559,328|1,114,149|1,673,477|1,596,719|
|Fund balances|at 31August 2021|||718,914|1,047,294|1,766,208|1,673,477|





## 

## 

## 

|Prior financial|year||||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds||
|||||2020|2020|2020|
||||Notes|F||f|
|~lon~egm:<br>Donations<br>and|legacies|||59,669||59,669|
|Charitable<br>activities||||619,050|150,923|769,973|
|Other trading<br>activities||||462||462|
|Investments||||9||9|
|Total income||||679,190|150,923|830,113|
|Ex e<br>i ureon:|||||||
|Raising funds||||1,623||1,623|
|Charitable<br>activities||||595,521|156,211|751,732|
|Total expenditure||||597,144|156,211|753,355|
|Net incoming|before transfers|||82,046|(5,288)|76,758|
|Gross transfers|between|funds||73,219|(73,219)||
|Net income/(expenditure)||for the year/|||||
|Net movement|in funds|||155,265|(78,507)|76,758|
|Fund balances|at 1 September 2019|||404,063|1,192,656|1,596,719|
|Fund balances|at 31August 2020|||559,328|1,114,149|1,673,477|





## 

## 

||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Fixed assets|||||||||
|Tangible assets||||12||1,523,268||1,567,049|
|Investments||||13||1||1|
|||||||1,523,269||1,567,050|
|Current assets|||||||||
|Debtors||||15|713,753||93,915||
|Cash at bank and||in|hand||352,551||468,597||
||||||1,066,304||562,512||
|Creditors:|amounts||falling due within||||||
|one year|||||(731,250)||(387,398)||
|Net current|assets|||||335,054||175,114|
|Total assets less||current liabilities||||1,858,323||1,742,164|
|Creditors:|amounts||falling due after||||||
|more than|one year|||17||(92,115)||(68,687)|
|Net assets||||||1,766,208||1,673,477|
|Income funds|||||||||
|Restricted|funds|||21||1,047,294||1,114,149|
|Unrestricted|funds|||||718,914||559,328|
|||||||1,766,208||1,673,477|





## 

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## 

||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|||f.||
|Cash flows from operating|activities||||||
|Cash (absorbed<br>by)/generated<br>operations|from|26||(154,931)||451,779|
|Investing<br>activities|||||||
|Purchase<br>oftangible<br>fixed assets|||(2,204)||(7,705)||
|Interest received|||20||9||
|Net cash used in investing|activities|||(2,184)||(7,696)|
|Financing<br>activities|||||||
|Proceeds ofnew bank loans|||50,000||||
|Repayment<br>of bank loans|||(8,931)||(2,650)||
|Net cash generated<br>from/(used<br>in)<br>financing<br>activities||||41,069||(2,650)|
|Net (decrease)/increase<br>in <br>equivalents|cash and cash|||(116,046)||441,433|
|Cash and cash equivalents<br>at beginning||ofyear||468,597||27,164|
|Cash and cash equivalents|at end ofyear|||352,551||468,597|





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|Donation|s<br>and legacies|||
|---|---|---|---|
|||Unrestricted|unrestricted|
|||funds|funds|
|||2021|2020|
|Donations|and gifts|14,593|24,669|
|Grants receivable||729||
|Donated|goods and services|35,000|35,000|
|||50,322|59,669|



## 



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## 

## 

||||2021|2020|
|---|---|---|---|---|
||||f|f|
||The advancement|ofeducation|||
||Charitable<br>activities||526,229|499,582|
||Services provided|under contract|102,693|89,714|
||Performance<br>related grants||274,525|150,923|
||Charitable<br>rental income||19,555|28,914|
||Other income||240|840|
||||923,242|769,973|
||Analysis<br>by fund<br>Unrestricted<br>funds||648,717|619,050|
||Restricted funds||274,525|150,923|
||||923,242|769,973|
|5|Other trading<br>activities||||
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2021f|2020<br>f|
||Bistro||5,195|462|
|6|Investments||||
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2021|2020|
||Interest receivable||20||



## 



## 

## 

|7|Raising funds|||||
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2021|2020|
|||||f||
||Bistro|||||
||Bistro food, drink and||other consumables|3,791|1,623|
|||||3,791|1,623|
|8|Charitable<br>activities|||||
|||||2021|2020|
||The advancement|ofeducation||||
||Staff costs|||535,734|454,848|
||Depreciation<br>Repairs and maintenance<br>Consultancy<br>costs<br>Project costs<br>Advertising<br>and subscriptions<br>Rates and insurance|||45,984<br>19,348<br>4,829<br>180,370<br>11,284<br>18,055|51,016<br>17,420<br>21,957<br>115,245<br>11,128<br>17,709|
||Office costs|||34,063|39,088|
||Travel and volunteer<br>Other costs||expenses|1,511<br>16,267|2,906<br>14,194|
|||||867,445|745,511|
||Share ofgovernance||costs (see note 9)|14,812|6,221|
|||||882,257|751,732|
||Analysis<br>by fund<br>Unrestricted<br>funds|||614,096||
||Restricted funds|||268,161||
|||||882,257||
||For the year ended <br>Unrestricted<br>funds||31August 2020||595,521|
||Restricted funds||||156,211|
||||||751,732|





## 

|9|Support costs|Support|Governance|2021|Support|Governance|2020|
|---|---|---|---|---|---|---|---|
|||costs|costs||costs|costs||
|||F||||F||
||Accountancy<br>Legal and professional||4,255<br>10,557|4,255<br>10,557||4,260<br>1,961|4,260<br>1,961|
||||14,812|14,812||6,221|6,221|
||Analysed<br>between<br>Charitable<br>activities||14,812|14,812||6,221|6,221|



## 

## 

|<br>The average<br>monthly|<br>number<br>ofemployees<br>during the year wa|s:||
|---|---|---|---|
|||2021|2020|
|||Number|Number|
|Employees||26|20|
|Employment<br>costs||2021|2020|
|||F|F|
|Wages and salaries<br>Social security costs<br>Other pension costs<br>Volunteer<br>counselling|and CSR|461,257<br>30,768<br>8,709<br>35,000|387,011<br>25,371<br>7,466<br>35,000|
|||535,734|454,848|





## 

## 

|Tangible fixed assets||||Freehold<br>land|Building|Office Motor|vehicles|Total|
|---|---|---|---|---|---|---|---|---|
|||||and buildings<br>f|Improvements|Equipment<br>f|f||
|Cost|||||||||
|At 1 September 2020<br>Additions||||170,654|1,830,915|154,404<br>2,204|31,440|2,187,413<br>2,204|
|At 31August 2021||||170,654|1,830,915|156,608|31,440|2,189,617|
|Depreciation<br>At 1 September 2020<br>Depreciation<br>charged|in|the year||45,032<br>2,400|421,205<br>37,037|141,634<br>4,312|12,493<br>6,288|620,364<br>50,037|
|Reversal of depreciation<br>land||charged|on|(4,052)||||(4,052)|
|At 31 August 2021||||43,380|458,242|145,946|18,781|666,349|
|Carrying<br>amount<br>At 31August 2021||||127,274|1,372,673|10,662|12,659|1,523,268|
|At 31August 2020||||125,622|1,409,710|12,770|18,947|1,567,049|



## 



## 

## 

|14|Financial<br>instruments|Financial<br>instruments|||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||Carrying<br>amount <br>Debt instruments|offinancial assets<br>measured<br>at amortised|||cost||939,531|512,667|
||Equity instruments|measured||at cost less impairment|||1|1|
||Carrying<br>amount offinancial<br>liabilities<br>Measured<br>at amortised<br>cost||||||146,903|104,069|
|15|Debtors||||||||
||||||||2021|2020|
||Amounts<br>falling|due|within|one year:||||F|
||Trade debtors||||||31,548|21,859|
||Refurbishment<br>project <br>Other debtors||work|in progress|||555,118<br>1,314|22,211|
||Prepayments<br>and|accrued income|||||125,773|49,845|
||||||||713,753|93,915|
|16|Creditors: amounts||falling|due within|one year||||
||||||||2021|2020|
|||||||Notes|||
||Bank loans||||||20,486|2,845|
||Other taxation<br>and social security||||||9,206|7,775|
||Deferred income|||||19|667,256|344,241|
||Trade creditors||||||9,984|19,864|
||Other creditors||||||1,507|1,356|
||Accruals||||||22,811|11,317|
||||||||731,250|387,398|
|17|Creditors: amounts||falling|due after more than one year|||||
||||||||2021|2020|
|||||||Notes|||
||Bank loans|||||18|92,115|68,687|





## 

## 

|18|Loans and overdrafts|Loans and overdrafts|||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||f|f|
||Loans||||112,601|71,532|
||Payable<br>Payable|within one year<br> after one year|||20,486<br>92,115|2,845<br>68,687|
||Amounts|included<br>above which|fall due after five years:||||
||Payable|by instalments|||36,225|25,178|
|19|Deferred|income|||||
||||||2021|2020|
||||||f|f|
||Other deferred<br>income||||667,256|344,241|
||||||2021|2020|
||Total deferred<br>income at 1 September 2020||||344,241|30,860|
||Amounts|received<br>in year|||410,921|344,241|
||Amounts|credited to statement|offinancial|activities|(87,906)|(30,860)|
||Total deferred<br>income at 31August 2021||||667,256|344,241|



## 



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## 

|22|Analysis of net assets|between|funds||||||
|---|---|---|---|---|---|---|---|---|
|||Unrestricted||Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds||funds|funds||
||||2021|2021|2021|2020|2020|2020|
||||||||E|F|
||Fund balances at||||||||
||31August 2021||||||||
||are represented||||||||
||by:||||||||
||Tangible assets|487,626||1,035,642|1,523,268|452,900|1,114,149|1,567,049|
||Investments||1||1|1||1|
||Current assets/||||||||
||(liabilities)|323,402||11,652|335,054|175,114||175,114|
||Long term liabilities|(92,115)|||(92,115)|(68,687)||(68,687)|
|||718,914||1,047,294|1,766,208|559,328|1,114,149|1,673,477|



## 

||2021|2020|
|---|---|---|
|Within one year|9,528|2,328|
|Between two and five years|29,928|4,656|
||39,456|6,984|



## 

|||2021|2020|
|---|---|---|---|
|Aggregate|remuneration|49,138|43,074|



## 



## 

## 

|26|Cash generated<br>from|Cash generated<br>from|Cash generated<br>from|operations|operations|||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
||Net (expenditure)<br>for the reporting|||||period as|per the Statement||of Financial|||
||Activities|||||||||92,731|76,758|
||Adjustments||for:|||||||||
||Investment||income recognised||in|statement|offinancial|activities||(20)|(9)|
||Depreciation||oftangible|fixed|assets|||||45,984|51,016|
||Movements||in working|capital:||||||||
||(Increase)|in debtors||||||||(619,837)|(2,099)|
||Increase<br>in||creditors|||||||3,196|12,732|
||Increase<br>in||deferred<br>income|||||||323,015|313,381|
||Cash provided<br>by operating||||activities|||||(154,931)|451,779|