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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 examiner's report to the trustees |
5 |
Statement of financial activities (including income and expenditure account) |
7 |
Statement of financial position |
8 |
Statement of cash flows |
10 |
Notes to the financial statements |
11 |
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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 |
2nd Floor - Parkgates |
office |
Bury New Road |
Prestwich |
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Manchester |
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M25 0TL |
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England |
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(Appointed
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(Resigned
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Independent examiner |
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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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Trustee |
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Company Limited by Guarantee |
Independent Examiner's Report to the Trustees of
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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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Charitable activities |
6 |
|
– |
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Investment income |
7 |
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– |
|
– |
Other income |
8 |
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– |
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Total income |
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--------- |
-------- |
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--------- |
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Costs of raising donations and legacies |
9 |
12,433 |
– |
12,433 |
83,898 |
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Expenditure on charitable activities |
10,11 |
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Total expenditure |
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Net income |
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--------- |
-------- |
--------- |
--------- |
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Gains from revaluation of fixed assets |
– |
– |
– |
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--------- |
-------- |
--------- |
--------- |
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Net movement in funds |
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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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Company Limited by Guarantee |
Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible fixed assets |
17 |
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Cash at bank and in hand |
|
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Creditors: amounts falling due within one year |
18 |
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-------- |
-------- |
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Net current assets |
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(
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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 |
19 |
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------------ |
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Net assets |
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------------ |
------------ |
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Restricted funds |
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– |
Revaluation reserve |
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Other unrestricted income funds |
777,429 |
750,742 |
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Total unrestricted funds |
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Total charity funds |
21 |
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Company Limited by Guarantee |
Statement of Financial Position (continued) |
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Trustee |
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Company Limited by Guarantee |
Statement of Cash Flows |
2023 |
2022 |
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£ |
£ |
|
Net income |
47,729 |
191,982 |
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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– |
Interest payable and similar charges |
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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 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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(
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--------- |
--------- |
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Net cash used in financing activities |
(
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(
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--------- |
--------- |
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
56,611 |
23,625 |
-------- |
-------- |
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Cash and cash equivalents at end of year |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Freehold property |
- |
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Fixtures and fittings |
- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Donations |
492,763 |
– |
492,763 |
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CST grants receivable |
– |
77,678 |
77,678 |
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National lottery grant |
– |
9,990 |
9,990 |
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--------- |
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-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
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Donations |
669,359 |
– |
669,359 |
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CST grants receivable |
– |
69,906 |
69,906 |
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National lottery grant |
– |
9,970 |
9,970 |
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--------- |
-------- |
--------- |
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-------- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
£ |
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Other income from charitable activities |
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------- |
------- |
------- |
------- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
£ |
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Bank interest receivable |
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|
– |
– |
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---- |
---- |
---- |
---- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Other income |
45,970 |
45,970 |
31,668 |
31,668 |
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Voluntary contributions |
116,302 |
116,302 |
129,904 |
129,904 |
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--------- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Sundry fundraising expenses |
12,433 |
12,433 |
83,898 |
83,898 |
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-------- |
-------- |
-------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
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College running costs |
609,368 |
66,626 |
675,994 |
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Support costs |
14,475 |
– |
14,475 |
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--------- |
-------- |
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-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
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College running costs |
553,233 |
79,876 |
633,109 |
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Support costs |
3,999 |
– |
3,998 |
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Activities undertaken directly |
Support costs |
Total funds 2023 |
Total fund 2022 |
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£ |
£ |
£ |
£ |
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College running costs |
675,994 |
12,076 |
688,070 |
635,607 |
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Governance costs |
– |
2,399 |
2,399 |
1,500 |
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Analysis of support costs activity 1 |
Total 2023 |
Total 2022 |
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£ |
£ |
£ |
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General office |
12,076 |
12,076 |
2,498 |
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Governance costs |
2,399 |
2,399 |
1,500 |
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-------- |
-------- |
------- |
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14,475 |
14,475 |
3,998 |
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-------- |
-------- |
------- |
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2023 |
2022 |
|
£ |
£ |
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Depreciation of tangible fixed assets |
32,585 |
30,456 |
-------- |
-------- |
|
2023 |
2022 |
|
£ |
£ |
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Independent examination of the financial statements |
2,400 |
1,500 |
------- |
------- |
|
2023 |
2022 |
|
£ |
£ |
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Wages and salaries |
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Employer contributions to pension plans |
812 |
1,125 |
--------- |
--------- |
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--------- |
--------- |
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2023 |
2022 |
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No. |
No. |
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Teaching staff |
14 |
19 |
Admin Staff |
1 |
1 |
---- |
---- |
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15 |
20 |
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---- |
---- |
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Freehold property |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
|
Cost |
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At 1 August 2022 |
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Additions |
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– |
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------------ |
------- |
------------ |
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At 31 July 2023 |
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------------ |
------- |
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Depreciation |
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At 1 August 2022 |
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Charge for the year |
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------- |
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At 31 July 2023 |
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------- |
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Carrying amount |
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At 31 July 2023 |
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------------ |
------- |
------------ |
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At 31 July 2022 |
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------------ |
------- |
------------ |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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Accruals and deferred income |
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Social security and other taxes |
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Other creditors |
|
|
-------- |
-------- |
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-------- |
-------- |
|
2023 |
2022 |
|
£ |
£ |
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Bank loans and overdrafts |
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Other creditors |
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--------- |
--------- |
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At 1 August 2022 |
Income |
Expenditure |
Gains and losses |
At 31 July 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
750,742 |
662,963 |
(636,276) |
– |
777,429 |
Revaluation reserve |
187,936 |
– |
– |
– |
187,936 |
--------- |
--------- |
--------- |
---- |
--------- |
|
938,678 |
662,963 |
(636,276) |
– |
965,365 |
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--------- |
--------- |
--------- |
---- |
--------- |
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At 1 August 2021 |
Income |
Expenditure |
Gains and losses |
At 31 July 2022 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
558,761 |
833,111 |
(641,130) |
– |
750,742 |
Revaluation reserve |
– |
– |
– |
187,936 |
187,936 |
--------- |
--------- |
--------- |
--------- |
--------- |
|
558,761 |
833,111 |
(641,130) |
187,936 |
938,678 |
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--------- |
--------- |
--------- |
--------- |
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At 1 August 2022 |
Income |
Expenditure |
Gains and losses |
At 31 July 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
Restricted fund - grants receivable |
– |
87,668 |
(66,626) |
– |
21,042 |
---- |
-------- |
-------- |
---- |
-------- |
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At 1 August 2021 |
Income |
Expenditure |
Gains and losses |
At 31 July 2022 |
|
£ |
£ |
£ |
£ |
£ |
|
Restricted fund - grants receivable |
– |
79,876 |
(79,876) |
– |
– |
---- |
-------- |
-------- |
---- |
---- |
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Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
||
Tangible fixed assets |
1,568,405 |
1,568,405 |
|
Current assets |
88,784 |
88,784 |
|
Creditors less than 1 year |
(59,729) |
(59,729) |
|
Creditors greater than 1 year |
(611,053) |
(611,053) |
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------------ |
------------ |
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Net assets |
986,407 |
986,407 |
|
------------ |
------------ |
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Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
||
Tangible fixed assets |
1,590,059 |
1,590,059 |
|
Current assets |
56,611 |
56,611 |
|
Creditors less than 1 year |
(73,593) |
(73,593) |
|
Creditors greater than 1 year |
(634,398) |
(634,398) |
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------------ |
------------ |
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Net assets |
938,679 |
938,679 |
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At 1 Aug 2022 |
Cash flows |
At 31 Jul 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
32,173 |
|
Debt due within one year |
(30,151) |
1 |
(30,150) |
Debt due after one year |
(584,398) |
23,345 |
(561,053) |
--------- |
-------- |
--------- |
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(
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(
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--------- |
-------- |
--------- |
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