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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Page |
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Trustees' annual report (incorporating the director's report) |
1 |
Independent auditor's report to the trustees |
6 |
Statement of financial activities (including income and expenditure account) |
11 |
Statement of financial position |
12 |
Statement of cash flows |
13 |
Notes to the financial statements |
14 |
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Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
Tynegate Precinct |
office |
Sunderland Road |
Gateshead |
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Tyne & Wear |
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NE8 3HY |
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Auditor |
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Accountants & statutory auditor |
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2nd Floor - Parkgates |
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Bury New Road |
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Prestwich |
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Manchester |
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M25 0TL |
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Bankers |
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15 West Street |
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Gateshead |
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Tyne & Wear |
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NE8 1DP |
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Trustee |
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Company Limited by Guarantee |
Independent Auditor's Report to the Trustees |
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(Senior Statutory Auditor) |
For and on behalf of |
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Accountants & statutory auditor |
2nd Floor - Parkgates |
Bury New Road |
Prestwich |
Manchester |
M25 0TL |
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2022 |
2021 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
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Investment income |
6 |
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– |
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Other income |
7 |
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– |
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------------ |
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Total income |
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Costs of other trading activities |
8 |
4,661 |
– |
4,661 |
18,557 |
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Expenditure on charitable activities |
9,10 |
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Total expenditure |
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Net income and net movement in funds |
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– |
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------------ |
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Total funds brought forward |
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– |
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------------ |
--------- |
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Total funds carried forward |
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– |
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Company Limited by Guarantee |
Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
£ |
Tangible fixed assets |
17 |
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Stocks |
18 |
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Debtors |
19 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
20 |
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--------- |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
21 |
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Net assets |
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------------ |
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Revaluation reserve |
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Other unrestricted income funds |
372,172 |
282,562 |
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Total unrestricted funds |
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Total charity funds |
23 |
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Trustee |
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Company Limited by Guarantee |
Statement of Cash Flows |
2022 |
2021 |
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£ |
£ |
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Net income |
89,610 |
43,653 |
Adjustments for: |
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Depreciation of tangible fixed assets |
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Other interest receivable and similar income |
(
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(
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Accrued (income)/expenses |
(
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Changes in: |
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Stocks |
(
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(
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Trade and other debtors |
(
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(
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Trade and other creditors |
(
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(
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-------- |
--------- |
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Cash generated from operations |
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(
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Interest received |
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-------- |
--------- |
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Net cash from/(used in) operating activities |
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(
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-------- |
--------- |
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Purchase of tangible assets |
(
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(
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-------- |
--------- |
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Net cash used in investing activities |
(
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(
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-------- |
--------- |
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Proceeds from borrowings |
(
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-------- |
--------- |
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Net cash (used in)/from financing activities |
(
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-------- |
--------- |
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Net increase/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
58,630 |
94,486 |
-------- |
-------- |
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Cash and cash equivalents at end of year |
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-------- |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Fixtures and fittings |
- |
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Equipment |
- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
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Donations |
186,251 |
– |
186,251 |
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Grants received from public authority |
– |
321,039 |
321,039 |
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C S T grants receivable |
– |
69,297 |
69,297 |
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J R S Grants |
– |
– |
– |
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--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
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Donations |
186,769 |
– |
186,769 |
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Grants received from public authority |
– |
274,857 |
274,857 |
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C S T grants receivable |
– |
71,862 |
71,862 |
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J R S Grants |
25,407 |
– |
25,407 |
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--------- |
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Unrestricted Funds |
Total Funds 2022 |
Unrestricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
£ |
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Bank interest receivable |
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---- |
---- |
---- |
---- |
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Unrestricted Funds |
Total Funds 2022 |
Unrestricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
£ |
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Voluntary contributions |
126,311 |
126,311 |
79,079 |
79,079 |
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Childcare fees |
767,896 |
767,896 |
786,948 |
786,948 |
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Transport fees |
13,835 |
13,835 |
4,781 |
4,781 |
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Services Rendered |
26,475 |
26,475 |
17,325 |
17,325 |
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--------- |
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Unrestricted Funds |
Total Funds 2022 |
Unrestricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
£ |
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Advertising, promotions & appeals |
4,661 |
4,661 |
18,557 |
18,557 |
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------- |
------- |
-------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
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Teaching & educational expenditure |
991,446 |
390,336 |
1,381,782 |
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Support costs |
35,053 |
– |
35,053 |
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------------ |
--------- |
------------ |
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--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
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Teaching & educational expenditure |
963,386 |
372,947 |
1,336,333 |
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Support costs |
48,486 |
– |
48,486 |
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Activities undertaken directly |
Grant funding of activities |
Support costs |
Total funds 2022 |
Total fund 2021 |
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£ |
£ |
£ |
£ |
£ |
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Teaching & educational expenditure |
1,330,702 |
51,080 |
26,670 |
1,408,452 |
1,375,580 |
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Governance costs |
– |
– |
8,383 |
8,383 |
9,239 |
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------------ |
-------- |
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Analysis of support costs |
Total 2022 |
Total 2021 |
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£ |
£ |
£ |
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Staff costs |
17,658 |
17,658 |
27,766 |
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General office |
9,012 |
9,012 |
11,481 |
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Governance costs |
8,383 |
8,383 |
9,239 |
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-------- |
-------- |
-------- |
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35,053 |
35,053 |
48,486 |
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-------- |
-------- |
-------- |
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2022 |
2021 |
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£ |
£ |
|
Gateshead Kollel |
22,500 |
25,000 |
Other educational grants |
28,580 |
17,125 |
-------- |
-------- |
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-------- |
-------- |
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Total grants |
51,080 |
42,125 |
-------- |
-------- |
|
2022 |
2021 |
|
£ |
£ |
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Depreciation of tangible fixed assets |
11,330 |
11,030 |
-------- |
-------- |
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2022 |
2021 |
|
£ |
£ |
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Fees payable for the audit of the financial statements |
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------- |
------- |
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Other non-audit services |
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------- |
------- |
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2022 |
2021 |
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No. |
No. |
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Number of administrative staff |
3 |
3 |
Number of teaching staff (full & part time) |
52 |
55 |
---- |
---- |
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55 |
58 |
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---- |
---- |
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Land and buildings |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 December 2021 |
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Additions |
– |
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– |
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------------ |
-------- |
-------- |
------------ |
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At 30 November 2022 |
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------------ |
-------- |
-------- |
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Depreciation |
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At 1 December 2021 |
– |
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Charge for the year |
– |
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------------ |
-------- |
-------- |
------------ |
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At 30 November 2022 |
– |
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------------ |
-------- |
-------- |
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Carrying amount |
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At 30 November 2022 |
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------------ |
-------- |
-------- |
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At 30 November 2021 |
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------------ |
-------- |
-------- |
------------ |
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2022 |
2021 |
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£ |
£ |
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Raw materials and consumables |
|
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-------- |
-------- |
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2022 |
2021 |
|
£ |
£ |
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Trade debtors |
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Loans |
6,219 |
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Other debtors |
|
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--------- |
--------- |
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--------- |
--------- |
|
2022 |
2021 |
|
£ |
£ |
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Trade creditors |
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Accruals and deferred income |
|
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Other creditors |
|
|
--------- |
--------- |
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|
|
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--------- |
--------- |
|
2022 |
2021 |
|
£ |
£ |
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Bank loans and overdrafts |
|
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Other creditors |
|
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--------- |
--------- |
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--------- |
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At 1 December 2021 |
Income |
Expenditure |
At 30 November 2022 |
|
£ |
£ |
£ |
£ |
|
General funds |
282,562 |
1,120,770 |
(1,031,160) |
372,172 |
Revaluation reserve |
1,060,000 |
– |
– |
1,060,000 |
------------ |
------------ |
------------ |
------------ |
|
1,342,562 |
1,120,770 |
(1,031,160) |
1,432,172 |
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------------ |
------------ |
------------ |
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At 1 December 2020 |
Income |
Expenditure |
At 30 November 2021 |
|
£ |
£ |
£ |
£ |
|
General funds |
212,681 |
1,100,310 |
(1,030,429) |
282,562 |
Revaluation reserve |
1,060,000 |
– |
– |
1,060,000 |
------------ |
------------ |
------------ |
------------ |
|
1,272,681 |
1,100,310 |
(1,030,429) |
1,342,562 |
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------------ |
------------ |
------------ |
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At 1 December 2021 |
Income |
Expenditure |
At 30 November 2022 |
|
£ |
£ |
£ |
£ |
|
Restricted fund - grants receivable |
– |
390,336 |
(390,336) |
– |
---- |
--------- |
--------- |
---- |
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At 1 December 2020 |
Income |
Expenditure |
At 30 November 2021 |
|
£ |
£ |
£ |
£ |
|
Restricted fund - grants receivable |
26,228 |
346,719 |
(372,947) |
– |
-------- |
--------- |
--------- |
---- |
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Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
||
Tangible fixed assets |
1,498,310 |
1,498,310 |
|
Current assets |
295,950 |
295,950 |
|
Creditors less than 1 year |
(174,330) |
(174,330) |
|
Creditors greater than 1 year |
(187,758) |
(187,758) |
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------------ |
------------ |
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Net assets |
1,432,172 |
1,432,172 |
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------------ |
------------ |
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Unrestricted Funds |
Total Funds 2021 |
||
£ |
£ |
||
Tangible fixed assets |
1,507,638 |
1,507,638 |
|
Current assets |
240,753 |
240,753 |
|
Creditors less than 1 year |
(161,429) |
(161,429) |
|
Creditors greater than 1 year |
(259,500) |
(259,500) |
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------------ |
------------ |
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Net assets |
1,327,462 |
1,327,462 |
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------------ |
------------ |
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At 1 Dec 2021 |
Cash flows |
At 30 Nov 2022 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
8,316 |
|
Debt due after one year |
(125,000) |
9,259 |
(115,741) |
--------- |
-------- |
--------- |
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(
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(
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--------- |
-------- |
--------- |
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