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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 |
5 |
Statement of financial activities (including income and expenditure account) |
10 |
Statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 |
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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 |
1 Shipcote Lane |
office |
Gateshead |
Tyne & Wear |
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NE8 4JA |
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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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Leicester |
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LE87 2BB |
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Trustee |
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Company Limited by Guarantee |
Independent Auditor's Report to the Trustees |
|
(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) |
2023 |
2022 |
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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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------------ |
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Costs of raising donations and legacies |
8 |
4,828 |
– |
4,828 |
9,428 |
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Expenditure on charitable activities |
9,10 |
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Total expenditure |
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------------ |
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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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– |
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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 |
2023 |
2022 |
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(restated) |
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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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Unrestricted funds |
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------------ |
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Total charity funds |
24 |
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Trustee |
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Company Limited by Guarantee |
Statement of Cash Flows |
2023 |
2022 |
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(restated) |
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£ |
£ |
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Net income |
360,381 |
42,879 |
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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Interest payable and similar charges |
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Accrued expenses |
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Changes in: |
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Stocks |
(
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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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Cash generated from operations |
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Interest paid |
(
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(
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Interest received |
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--------- |
--------- |
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Net cash 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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Payments of finance lease liabilities |
(
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(
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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 |
31,682 |
83,487 |
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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 |
Land and Builidings |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Donations |
1,053,815 |
– |
1,053,815 |
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C S T Security grants receivable |
– |
161,905 |
161,905 |
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Grants |
– |
– |
– |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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(restated) |
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£ |
£ |
£ |
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Donations |
734,054 |
– |
734,054 |
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C S T Security grants receivable |
– |
209,067 |
209,067 |
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Grants |
21,971 |
– |
21,971 |
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--------- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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(restated) |
|||||
£ |
£ |
£ |
£ |
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Bank interest receivable |
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---- |
---- |
---- |
---- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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(restated) |
|||||
£ |
£ |
£ |
£ |
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Fees |
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--------- |
--------- |
--------- |
--------- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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(restated) |
|||||
£ |
£ |
£ |
£ |
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Costs of raising donations and legacies |
4,828 |
4,828 |
9,428 |
9,428 |
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------- |
------- |
------- |
------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Running costs of the college including instruction & other direct management costs |
1,012,745 |
161,905 |
1,174,650 |
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Support costs |
100,819 |
– |
100,819 |
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------------ |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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(restated) |
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£ |
£ |
£ |
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Running costs of the college including instruction & other direct management costs |
1,196,886 |
209,067 |
1,405,953 |
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Support costs |
37,345 |
– |
37,345 |
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Activities undertaken directly |
Grant funding of activities |
Support costs |
Total funds 2023 |
Total fund 2022 |
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£ |
£ |
£ |
£ |
£ |
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Running costs of the college including instruction & other direct management costs |
1,169,650 |
5,000 |
89,704 |
1,264,354 |
1,435,381 |
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Governance costs |
– |
– |
11,115 |
11,115 |
7,917 |
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Analysis of support costs |
Total 2023 |
Total 2022 |
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£ |
£ |
£ |
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Staff costs |
44,928 |
44,928 |
– |
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Finance costs |
44,776 |
44,776 |
29,428 |
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Governance costs |
11,115 |
11,115 |
7,917 |
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--------- |
--------- |
-------- |
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100,819 |
100,819 |
37,345 |
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--------- |
--------- |
-------- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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BCR Seminary |
5,000 |
– |
------- |
---- |
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Total grants |
5,000 |
– |
------- |
---- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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Depreciation of tangible fixed assets |
64,344 |
68,628 |
Operating lease rentals |
4,536 |
4,536 |
-------- |
-------- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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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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2023 |
2022 |
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(restated) |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Employer contributions to pension plans |
4,018 |
3,190 |
--------- |
--------- |
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--------- |
--------- |
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2023 |
2022 |
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No. |
No. |
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Number of administrative staff |
4 |
1 |
Number of management staff |
2 |
1 |
Number of teaching & other staff |
22 |
29 |
---- |
---- |
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28 |
31 |
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---- |
---- |
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Land and buildings |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2022 (as restated) |
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Additions |
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– |
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------------ |
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------------ |
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At 31 March 2023 |
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-------- |
-------- |
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Depreciation |
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At 1 April 2022 |
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Charge for the year |
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-------- |
-------- |
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At 31 March 2023 |
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Carrying amount |
|||||
At 31 March 2023 |
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------------ |
-------- |
-------- |
--------- |
------------ |
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At 31 March 2022 |
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------------ |
-------- |
-------- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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Raw materials and consumables |
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-------- |
-------- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
|
– |
Other debtors |
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|
--------- |
--------- |
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--------- |
--------- |
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2023 |
2022 |
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(restated) |
||
£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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--------- |
--------- |
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--------- |
--------- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
|
Bank loans and overdrafts |
|
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Obligations under finance leases and hire purchase contracts |
|
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Other creditors |
|
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--------- |
------------ |
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--------- |
------------ |
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2023 |
2022 |
|
(restated) |
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£ |
£ |
|
Not later than 1 year |
|
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Later than 1 year and not later than 5 years |
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------- |
-------- |
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------- |
-------- |
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At 1 April 2022 |
Income |
Expenditure |
At 31 March 2023 |
|
£ |
£ |
£ |
£ |
|
General funds |
1,419,692 |
1,478,773 |
(1,118,392) |
1,780,073 |
------------ |
------------ |
------------ |
------------ |
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At 1 April 2021 |
Income |
Expenditure |
At 31 March 2022 |
|
£ |
£ |
£ |
£ |
|
General funds |
1,376,813 |
1,286,538 |
(1,243,659) |
1,419,692 |
------------ |
------------ |
------------ |
------------ |
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At 1 April 2022 |
Income |
Expenditure |
At 31 March 2023 |
|
£ |
£ |
£ |
£ |
|
Restricted fund - grants received |
– |
161,905 |
(161,905) |
– |
---- |
--------- |
--------- |
---- |
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At 1 April 2021 |
Income |
Expenditure |
At 31 March 2022 |
|
£ |
£ |
£ |
£ |
|
Restricted fund - grants received |
– |
209,067 |
(209,067) |
– |
---- |
--------- |
--------- |
---- |
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Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
||
Tangible fixed assets |
2,700,688 |
2,700,688 |
|
Current assets |
286,457 |
286,457 |
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Creditors less than 1 year |
(238,331) |
(238,331) |
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Creditors greater than 1 year |
(968,741) |
(968,741) |
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------------ |
------------ |
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Net assets |
1,780,073 |
1,780,073 |
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------------ |
------------ |
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Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
||
Tangible fixed assets |
2,600,464 |
2,600,464 |
|
Current assets |
291,881 |
291,881 |
|
Creditors less than 1 year |
(347,845) |
(347,845) |
|
Creditors greater than 1 year |
(1,124,808) |
(1,124,808) |
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------------ |
------------ |
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Net assets |
1,419,692 |
1,419,692 |
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At 1 Apr 2022 |
Cash flows |
At 31 Mar 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
14,037 |
|
Debt due within one year |
(102,017) |
6,460 |
(95,557) |
Debt due after one year |
(830,862) |
84,060 |
(746,802) |
--------- |
--------- |
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(
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(
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--------- |
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