| THE | WIGAN | F UNDATION FOR TECHNICAL EDUCATION |
F UNDATION FOR TECHNICAL EDUCATION |
F UNDATION FOR TECHNICAL EDUCATION |
||
|---|---|---|---|---|---|---|
| tatement of Financial Activities | ||||||
| For The Year Ended 31 Jul | 2023 | |||||
| 31.7.23 | 31.7.22 | |||||
| Unrestricted | Endowment | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | F | E | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Investment income |
3 | 61 787 | 61 787 | 61 424 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Charitable expenditure |
47822 | 9 D12 | 56834 | 6246D | ||
| Net gains/(losses) on investments |
~17735) | ~17735) | ~304 339) | |||
| NET INCOME/(EXPENDITURE) | 13,965 | (26,747) | (12,782) | (305,375) | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
673,821 | 717,751 | 1,391,572 | 1,696,947 | ||
| TOTAL FUNDS CARRIED FORWARD |
| THE WI | GAN F UNDATION FOR TECHNICA |
GAN F UNDATION FOR TECHNICA |
L EDUCATION | ||||
|---|---|---|---|---|---|---|---|
| Balance Sheet | |||||||
| ~34 Jul | 2023 | ||||||
| 31.7.23 | 31.7.22 | ||||||
| Unrestricted | Endowment | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | E | E | f | E | |||
| FIXEDASSETS | |||||||
| Tangible | assets | 6 | 20,000 | 365,988 | 385,988 | 395,000 | |
| Investments | 7 | 555 000 | 325016 | 880 016 | 897751 | ||
| 575,000 | 691,004 | 1,266,004 | 1,292,751 | ||||
| CURRENT ASSETS | |||||||
| Debtors | 4,078 | 4,078 | 4,078 | ||||
| Cash at | bank | 111231 | 111231 | 101943 | |||
| 115,309 | 115,309 | 106,021 | |||||
| CREDITORS | |||||||
| Amounts | failing due within one year | (2,523) | (2,523) | (7,200) | |||
| NET CURRENT ASSETS | 112786 | - | 112786 | 98821 | |||
| TOTAL | ASSETS LESSCURRENT | LIABILITIES | 687,786 | 691,004 | 1,378,790 | 1,391,572 | |
| NET ASSETS | MGLZ66 | ~1.QM | ~7a78Q | ~3kt572 | |||
| FUNDS | 10 | ||||||
| Unrestricted | funds | 687,786 | 673,821 | ||||
| Endowment | funds | 681 004 | 717751 | ||||
| TOTAL | FUNDS |
| Unrestricted | Endowment | Total | ||
|---|---|---|---|---|
| fund | fund | funds | ||
| F | L' | E | ||
| INCOME AND ENDOWMENTS | FROM | |||
| Investment income |
61424 | - | 61 424 | |
| EXPENDITURE ON | ||||
| Charitable activities |
||||
| Charitable expenditure |
5301D | 945D | 62 460 | |
| Net gains/(losses) on investments |
~304339) | ~304339) | ||
| NET INCOME/(EXPENDITURE) | 8,414 | (313,789) | (305,375) |
| Notes | to the Financial Statements | to the Financial Statements | -continued | ||||||
|---|---|---|---|---|---|---|---|---|---|
| For The Year Ended 31Jul | 2023 | ||||||||
| COMPARATIVES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||||||||
| Unrestricted | Endowment | Total | |||||||
| fund | fund | funds | |||||||
| F | |||||||||
| RECONCILIATION | OF FUNDS | ||||||||
| Total funds brought | forward | 665,407 | 1,031,540 | 1,696,947 | |||||
| TOTAL FUNDS CARRIED | FORWARD | ||||||||
| 6. | TANGIBLE FIXEDASSETS | ||||||||
| Freehold | |||||||||
| property | |||||||||
| COST OR VALUATION | |||||||||
| At 1 August 2022 | and 31 July 2023 | 555 600 | |||||||
| DEPRECIATION | |||||||||
| At 1 August 2022 | 160,600 | ||||||||
| Charge for year | 9012 | ||||||||
| At 31 July 2023 | 169612 | ||||||||
| NET BOOK VALUE | |||||||||
| At 31 July 2023 | |||||||||
| At 31 July 2022 | |||||||||
| Cost or valuation | at | 31 July | 2023 | is represented | by: | ||||
| Freehold | |||||||||
| property | |||||||||
| Valuation in 2023 |
| Ifland and | buildings had not been revalued they would |
have been included at the following historica |
l cost: |
|---|---|---|---|
| 31.7.23 | 31.7.22 | ||
| Cost | M~QQ | 2tZ2.5QQ | |
| Aggregate | depreciation |
| Listed | ||||||||
|---|---|---|---|---|---|---|---|---|
| investments | ||||||||
| MARKET VALUE | ||||||||
| At 1 August 2022 | and 31 July 2023 | 887 751 | ||||||
| PROVISIONS | ||||||||
| Revaluation adjustments |
17735 | |||||||
| NET BOOK VALUE | ||||||||
| At 31 July 2023 | ||||||||
| At 31 July 2022 | ||||||||
| There were no investment | assets | outside the UK. | ||||||
| Cost or valuation | at 31 July 2023 is represented by: |
|||||||
| Listed | ||||||||
| investments | ||||||||
| Valuation in 2023 |
68L7m | |||||||
| 8. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||||
| 31.7.23 f |
31.7.22 | |||||||
| Prepayments and |
accrued income | |||||||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN |
ONE YEAR | ||||||
| 31.7.23 | 31.7.22 | |||||||
| Other creditors | Z2QQ | |||||||
| 10. | MOVEMENT IN FUNDS |
|||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.8.22 | in funds | 31723 | ||||||
| F | F | |||||||
| Unrestricted funds |
||||||||
| General fund |
673,821 | 13,965 | 687,786 | |||||
| Endowment funds |
||||||||
| Endowment fund |
717,751 | (26,747) | 691,004 | |||||
| TOTAL FUNDS | ||||||||
| Net movement in |
funds, | included | in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| E | f. | |||||||
| Unrestricted funds |
||||||||
| General fund |
61,787 | (47,822) | 13,965 | |||||
| Endowment funds |
||||||||
| Endowment fund |
(9,012) | (17,735) | (26,747) |
| Compar | ative | s for movement in funds |
|||
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1.8.21 | in funds | 31.7.22 | |||
| f | f | ||||
| Unrestricted | funds | ||||
| General | fund | 665,407 | 8,414 | 673,821 | |
| Endowment | funds | ||||
| Endowment | fund | 1,031,540 | (313,789) | 717,751 | |
| TOTAL | FUNDS | M$96.%44 | ~~) | MBA.522 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses f |
in funds F |
||
| Unrestricted | funds | ||||
| General fund |
61,424 | (53,010) | 8,414 | ||
| Endowment | funds | ||||
| Endowment | fund | (9,450) | (304,339) | (313,789) | |
| TOTAL FUNDS | ~1,424 | ~46Q) | L304 '339) | (3QR3Z!i) |
| A curren | t yea | r 12 months and prior year 12 |
months combined position is as follo |
ws: | |
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1.8.21 | in funds | 31.7.23 | |||
| F | f | ||||
| Unrestricted | funds | ||||
| General | fund | 665,407 | 22,379 | 687,786 | |
| Endowment | funds | ||||
| Endowment | fund | 1,031,540 | (340,536) | 691,004 | |
| TOTAL | FUNDS | 9%94Z | ~'L5Z) | ~ZKZ9Q |
| A current ye as follows: |
ar 12 months and prior |
year 12 months combined n |
et movement in f |
unds, included in |
the above ar |
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources f |
expended f |
losses f |
in funds f |
||
| Unrestricted | funds | ||||
| General fund |
123,211 | (100,832) | 22,379 | ||
| Endowment | funds | ||||
| Endowment | fund | (18,462) | (322,074) | (340,536) | |
| TOTAL FUNDS | (119,294) | (322,074) | (318,157) |