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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 |
7 |
Statement of financial activities (including income and expenditure account) |
12 |
Statement of financial position |
13 |
Statement of cash flows |
14 |
Notes to the financial statements |
15 |
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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) |
2023 |
2022 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
|
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 other trading activities |
8 |
4,104 |
– |
4,104 |
4,661 |
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Expenditure on charitable activities |
9,10 |
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--------- |
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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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--------- |
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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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--------- |
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Net assets |
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--------- |
--------- |
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Unrestricted funds |
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--------- |
--------- |
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Total charity funds |
23 |
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--------- |
--------- |
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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 |
59,747 |
89,610 |
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/(income) |
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(
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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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Interest paid |
(
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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 |
66,946 |
58,630 |
-------- |
-------- |
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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 |
Freehold property |
- |
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Fixtures and fittings |
- |
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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 |
92,676 |
– |
92,676 |
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Grants received from public authority |
– |
375,128 |
375,128 |
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C S T grants receivable |
7,645 |
73,691 |
81,336 |
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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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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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--------- |
--------- |
--------- |
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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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Voluntary contributions |
164,656 |
164,656 |
126,311 |
126,311 |
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Childcare fees |
845,359 |
845,359 |
767,896 |
767,896 |
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Transport fees |
33,564 |
33,564 |
13,835 |
13,835 |
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Services Rendered |
16,647 |
16,647 |
26,475 |
26,475 |
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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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(restated) |
|||||
£ |
£ |
£ |
£ |
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Advertising, promotions & appeals |
4,104 |
4,104 |
4,661 |
4,661 |
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------- |
------- |
------- |
------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Teaching & educational expenditure |
1,054,504 |
448,819 |
1,503,324 |
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Support costs |
42,314 |
– |
42,313 |
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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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Teaching & educational expenditure |
991,446 |
390,336 |
1,381,782 |
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Support costs |
35,053 |
– |
35,053 |
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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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Teaching & educational expenditure |
1,495,824 |
7,500 |
32,771 |
1,536,095 |
1,408,452 |
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Governance costs |
– |
– |
9,542 |
9,542 |
8,383 |
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------------ |
------- |
-------- |
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------------ |
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------------ |
------- |
-------- |
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Analysis of support costs |
Total 2023 |
Total 2022 |
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£ |
£ |
£ |
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Staff costs |
20,544 |
20,544 |
17,658 |
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General office |
12,227 |
12,227 |
9,012 |
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Governance costs |
9,540 |
9,540 |
8,383 |
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-------- |
-------- |
-------- |
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42,311 |
42,311 |
35,053 |
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-------- |
-------- |
-------- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
|
Gateshead Kollel |
7,500 |
22,500 |
Other educational grants |
– |
28,580 |
------- |
-------- |
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------- |
-------- |
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Total grants |
7,500 |
51,080 |
------- |
-------- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
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Depreciation of tangible fixed assets |
38,117 |
11,330 |
-------- |
-------- |
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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 |
1,880 |
1,685 |
--------- |
--------- |
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--------- |
--------- |
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2023 |
2022 |
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No. |
No. |
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Number of administrative staff |
3 |
3 |
Number of teaching staff (full & part time) |
56 |
52 |
---- |
---- |
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59 |
55 |
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---- |
---- |
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Land and buildings |
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
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Cost |
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At 1 December 2022 (as restated) |
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Additions |
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– |
– |
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--------- |
--------- |
-------- |
--------- |
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At 30 November 2023 |
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--------- |
--------- |
-------- |
--------- |
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Depreciation |
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At 1 December 2022 |
– |
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Charge for the year |
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--------- |
--------- |
-------- |
--------- |
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At 30 November 2023 |
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--------- |
--------- |
-------- |
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Carrying amount |
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At 30 November 2023 |
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--------- |
--------- |
-------- |
--------- |
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At 30 November 2022 |
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--------- |
--------- |
-------- |
--------- |
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2023 |
2022 |
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(restated) |
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£ |
£ |
|
Raw materials and consumables |
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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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Loans |
6,219 |
6,219 |
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 |
|
– |
Trade creditors |
|
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Accruals and deferred income |
|
|
Other creditors |
|
|
--------- |
--------- |
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--------- |
--------- |
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2023 |
2022 |
|
(restated) |
||
£ |
£ |
|
Bank loans and overdrafts |
|
|
Other creditors |
|
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--------- |
--------- |
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--------- |
--------- |
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At 1 December 2022 |
Income |
Expenditure |
At 30 November 2023 |
|
£ |
£ |
£ |
£ |
|
General funds |
372,172 |
1,160,669 |
(1,100,922) |
431,919 |
--------- |
------------ |
------------ |
--------- |
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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 |
--------- |
------------ |
------------ |
--------- |
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At 1 December 2022 |
Income |
Expenditure |
At 30 November 2023 |
|
£ |
£ |
£ |
£ |
|
Restricted fund - grants receivable |
– |
448,819 |
(448,819) |
– |
---- |
--------- |
--------- |
---- |
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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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Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
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Tangible fixed assets |
405,693 |
405,693 |
|
Current assets |
398,387 |
398,387 |
|
Creditors less than 1 year |
(207,280) |
(207,280) |
|
Creditors greater than 1 year |
(164,881) |
(164,881) |
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--------- |
--------- |
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Net assets |
431,919 |
431,919 |
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--------- |
--------- |
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Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
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Tangible fixed assets |
438,310 |
438,310 |
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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 |
372,172 |
372,172 |
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--------- |
--------- |
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At 1 Dec 2022 |
Cash flows |
At 30 Nov 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
9,946 |
|
Debt due within one year |
– |
(13,888) |
(13,888) |
Debt due after one year |
(115,741) |
27,777 |
(87,964) |
--------- |
-------- |
-------- |
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(
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(
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--------- |
-------- |
-------- |
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Company Limited by Guarantee |
Notes to the Financial Statements (continued) |