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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 members |
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 Members of
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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) |
2021 |
2020 |
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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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Total income |
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Costs of other trading activities |
8 |
18,557 |
– |
18,557 |
54,527 |
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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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Total funds brought forward |
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Total funds carried forward |
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– |
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Company Limited by Guarantee |
Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Tangible fixed assets |
17 |
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Debtors |
18 |
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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 |
19 |
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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 |
20 |
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Net assets |
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Restricted funds |
– |
44,158
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Revaluation reserve |
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Other unrestricted income funds |
267,462 |
194,751 |
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Total unrestricted funds |
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1,254,751
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Total charity funds |
22 |
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Trustee |
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Company Limited by Guarantee |
Statement of Cash Flows |
2021 |
2020 |
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£ |
£ |
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Net income |
28,553 |
39,888 |
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 expenses |
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Changes in: |
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Trade and other debtors |
(
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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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Interest received |
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--------- |
-------- |
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Net cash (used in)/from operating activities |
(
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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 from financing activities |
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– |
--------- |
-------- |
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
94,486 |
34,985 |
-------- |
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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 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 |
Restricted Funds |
Total Funds 2020 |
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£ |
£ |
£ |
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Donations |
205,460 |
– |
205,460 |
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Grants received from public authority |
– |
287,330 |
287,330 |
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C S T grants receivable |
– |
60,793 |
60,793 |
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J R S Grants |
113,964 |
– |
113,964 |
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Unrestricted Funds |
Total Funds 2021 |
Unrestricted Funds |
Total Funds 2020 |
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£ |
£ |
£ |
£ |
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Bank interest receivable |
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---- |
---- |
---- |
---- |
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Unrestricted Funds |
Total Funds 2021 |
Unrestricted Funds |
Total Funds 2020 |
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£ |
£ |
£ |
£ |
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Voluntary contributions |
79,079 |
79,079 |
52,020 |
52,020 |
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Childcare fees |
786,948 |
786,948 |
734,058 |
734,058 |
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Transport fees |
4,781 |
4,781 |
16,879 |
16,879 |
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Services Rendered |
17,325 |
17,325 |
1,460 |
1,460 |
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--------- |
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Unrestricted Funds |
Total Funds 2021 |
Unrestricted Funds |
Total Funds 2020 |
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£ |
£ |
£ |
£ |
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Advertising, promotions & appeals |
18,557 |
18,557 |
54,527 |
54,527 |
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-------- |
-------- |
-------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
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Teaching & direct educational expenditure |
978,486 |
372,947 |
1,351,433 |
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Support costs |
48,486 |
– |
48,486 |
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------------ |
--------- |
------------ |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2020 |
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£ |
£ |
£ |
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Teaching & direct educational expenditure |
936,160 |
330,193 |
1,266,353 |
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Support costs |
111,204 |
– |
111,203 |
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Activities undertaken directly |
Grant funding of activities |
Support costs |
Total funds 2021 |
Total fund 2020 |
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£ |
£ |
£ |
£ |
£ |
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Teaching & direct educational expenditure |
1,309,308 |
42,125 |
39,247 |
1,390,680 |
1,368,697 |
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Governance costs |
– |
– |
9,239 |
9,239 |
8,859 |
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-------- |
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Analysis of support costs activity 1 |
Total 2021 |
Total 2020 |
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£ |
£ |
£ |
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Staff costs |
27,766 |
27,766 |
38,847 |
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General office |
11,481 |
11,481 |
63,497 |
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Governance costs |
9,239 |
9,239 |
8,859 |
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-------- |
-------- |
--------- |
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48,486 |
48,486 |
111,203 |
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-------- |
-------- |
--------- |
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2021 |
2020 |
|
£ |
£ |
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Gateshead Kollel |
25,000 |
30,000 |
Other educational grants |
17,125 |
12,200 |
-------- |
-------- |
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-------- |
-------- |
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Total grants |
42,125 |
42,200 |
-------- |
-------- |
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2021 |
2020 |
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£ |
£ |
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Depreciation of tangible fixed assets |
11,030 |
10,883 |
-------- |
-------- |
|
2021 |
2020 |
|
£ |
£ |
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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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2021 |
2020 |
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No. |
No. |
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Number of administrative staff |
3 |
3 |
Number of teaching staff (full & part time) |
55 |
56 |
---- |
---- |
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58 |
59 |
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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 2020 |
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Additions |
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– |
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------------ |
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At 30 November 2021 |
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------------ |
-------- |
-------- |
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Depreciation |
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At 1 December 2020 |
– |
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Charge for the year |
– |
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------------ |
-------- |
-------- |
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At 30 November 2021 |
– |
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------------ |
-------- |
-------- |
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Carrying amount |
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At 30 November 2021 |
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------------ |
-------- |
-------- |
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At 30 November 2020 |
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------------ |
-------- |
-------- |
------------ |
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2021 |
2020 |
|
£ |
£ |
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Trade debtors |
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Loans |
16,219 |
– |
Other debtors |
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--------- |
-------- |
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--------- |
-------- |
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2021 |
2020 |
|
£ |
£ |
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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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--------- |
--------- |
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2021 |
2020 |
|
£ |
£ |
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Bank loans and overdrafts |
|
– |
Other creditors |
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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 |
(1,045,529) |
267,462 |
Revaluation reserve |
1,060,000 |
– |
– |
1,060,000 |
------------ |
------------ |
------------ |
------------ |
|
1,272,681 |
1,100,310 |
(1,045,529) |
1,327,462 |
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------------ |
------------ |
------------ |
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At 1 December 2019 |
Income |
Expenditure |
At 30 November 2020 |
|
£ |
£ |
£ |
£ |
|
General funds |
172,794 |
1,123,848 |
(1,101,891) |
194,751 |
Revaluation reserve |
1,060,000 |
– |
– |
1,060,000 |
------------ |
------------ |
------------ |
------------ |
|
1,232,794 |
1,123,848 |
(1,101,891) |
1,254,751 |
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------------ |
------------ |
------------ |
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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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At 1 December 2019 |
Income |
Expenditure |
At 30 November 2020 |
|
£ |
£ |
£ |
£ |
|
Restricted fund - grants receivable |
26,228 |
348,123 |
(330,193) |
44,158 |
-------- |
--------- |
--------- |
-------- |
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Unrestricted Funds |
Restricted 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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Unrestricted Funds |
Restricted Funds |
Total Funds 2020 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
1,492,690 |
– |
1,492,690 |
|
Current assets |
89,831 |
44,158 |
133,989 |
|
Creditors less than 1 year |
(101,269) |
– |
(101,269) |
|
Creditors greater than 1 year |
(226,500) |
– |
(226,500) |
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------------ |
-------- |
------------ |
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Net assets |
1,254,752 |
44,158 |
1,298,910 |
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------------ |
-------- |
------------ |
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At 1 Dec 2020 |
Cash flows |
At 30 Nov 2021 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(35,856) |
|
Debt due after one year |
– |
(125,000) |
(125,000) |
-------- |
--------- |
--------- |
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(
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(
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-------- |
--------- |
--------- |
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