|
|
|
Company Limited by Guarantee |
|
|
|
|
|
|
|
Company Limited by Guarantee |
|
Financial Statements |
|
Page |
|
|
Trustees' annual report (incorporating the director's report) |
1 |
|
Independent auditor's report to the members |
9 |
|
Statement of financial activities (including income and expenditure account) |
13 |
|
Statement of financial position |
14 |
|
Statement of cash flows |
15 |
|
Notes to the financial statements |
16 |
|
|
|
Company Limited by Guarantee |
|
Trustees' Annual Report (Incorporating the Director's Report) |
|
Registered charity name |
|
|
Charity registration number |
|
|
Company registration number |
|
|
Principal office and registered |
Office FF10, Brooklands House |
|
office |
58 Marlborough Road |
|
Lancing |
|
|
BN15 8AF |
|
|
West Sussex |
|
|
|
||
|
|
||
|
|
(Resigned
|
|
|
Company secretary |
|
|
Auditor |
|
|
The Courtyard |
|
|
Shoreham Road |
|
|
Upper Beeding |
|
|
Steyning |
|
|
BN44 3TN |
|
|
|
|
|
Director |
Charity Secretary |
|
|
|
Company Limited by Guarantee |
|
Independent Auditor's Report to the Members of
|
|
|
|
(Senior Statutory Auditor) |
|
For and on behalf of |
|
|
|
The Courtyard |
|
Shoreham Road |
|
Upper Beeding |
|
Steyning |
|
BN44 3TN |
|
|
|
Company Limited by Guarantee |
|
Statement of Financial Activities |
|
(including income and expenditure account) |
|
Year to 31 Aug 24 |
Period from 1 Dec 22 to 31 Aug 23 |
|||
|
Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
|
|
Note |
£ |
£ |
£ |
£ |
|
Donations and legacies |
4 |
|
– |
|
|
|
Charitable activities |
5 |
|
– |
|
|
|
Investment income |
6 |
|
– |
|
– |
|
------------ |
---- |
------------ |
--------- |
||
|
Total income |
|
– |
|
|
|
|
------------ |
---- |
------------ |
--------- |
||
|
Expenditure on charitable activities |
7,8 |
|
– |
|
|
|
------------ |
---- |
------------ |
--------- |
||
|
Total expenditure |
|
– |
|
|
|
|
------------ |
---- |
------------ |
--------- |
||
|
------------ |
---- |
------------ |
--------- |
|
|
Net income and net movement in funds |
|
– |
|
|
|
------------ |
---- |
------------ |
--------- |
|
|
Total funds brought forward |
|
|
|
|
|
------------ |
-------- |
------------ |
--------- |
|
|
Total funds carried forward |
|
|
|
|
|
------------ |
-------- |
------------ |
--------- |
|
|
|
|
Company Limited by Guarantee |
|
Statement of Financial Position |
|
2024 |
2023 |
||
|
Note |
£ |
£ |
£ |
|
Tangible fixed assets |
15 |
|
|
|
|
Debtors |
16 |
|
|
|
|
Cash at bank and in hand |
|
|
||
|
--------- |
--------- |
|||
|
|
|
|||
|
Creditors: amounts falling due within one year |
17 |
|
|
|
|
--------- |
--------- |
|||
|
Net current assets |
|
|
||
|
--------- |
--------- |
|||
|
Total assets less current liabilities |
|
|
||
|
Creditors: amounts falling due after more than one year |
18 |
|
|
|
|
--------- |
--------- |
|||
|
Net assets |
|
|
||
|
--------- |
--------- |
|||
|
Restricted funds |
|
|
||
|
Unrestricted funds |
|
|
||
|
--------- |
--------- |
|||
|
Total charity funds |
21 |
|
|
|
|
--------- |
--------- |
|||
|
|
|
|
Director |
|
|
|
|
Company Limited by Guarantee |
|
Statement of Cash Flows |
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Net income |
214,784 |
132,783 |
|
Adjustments for: |
||
|
Depreciation of tangible fixed assets |
|
|
|
Other interest receivable and similar income |
(
|
– |
|
Interest payable and similar charges |
|
|
|
Accrued (income)/expenses |
(
|
|
|
Changes in: |
||
|
Trade and other debtors |
(
|
(
|
|
Trade and other creditors |
|
|
|
--------- |
--------- |
|
|
Cash generated from operations |
|
|
|
Interest paid |
(
|
(
|
|
Interest received |
|
– |
|
--------- |
--------- |
|
|
Net cash from operating activities |
|
|
|
--------- |
--------- |
|
|
Purchase of tangible assets |
(
|
(
|
|
Proceeds from sale of tangible assets |
(
|
– |
|
--------- |
--------- |
|
|
Net cash used in investing activities |
(
|
(
|
|
--------- |
--------- |
|
|
Proceeds from borrowings |
(
|
(
|
|
--------- |
--------- |
|
|
Net cash used in financing activities |
(
|
(
|
|
--------- |
--------- |
|
|
Net increase in cash and cash equivalents |
|
|
|
Cash and cash equivalents at beginning of year |
303,043 |
140,414 |
|
--------- |
--------- |
|
|
Cash and cash equivalents at end of year |
|
|
|
--------- |
--------- |
|
|
|
|
Company Limited by Guarantee |
|
Notes to the Financial Statements |
|
Land and buildings |
- |
|
|
|
Equipment |
- |
between three and five years
|
|
|
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
|
£ |
£ |
£ |
£ |
||
|
Donations |
8,248 |
8,248 |
3,241 |
3,241 |
|
|
------- |
------- |
------- |
------- |
||
|
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
|
£ |
£ |
£ |
£ |
||
|
Pupil fees |
|
|
|
|
|
|
------------ |
------------ |
--------- |
--------- |
||
|
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
|
£ |
£ |
£ |
£ |
||
|
Bank interest receivable |
|
|
– |
– |
|
|
---- |
---- |
---- |
---- |
||
|
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
|
£ |
£ |
£ |
£ |
||
|
Direct costs in relation to charitable activity |
579,454 |
579,454 |
286,146 |
286,146 |
|
|
Support costs |
247,263 |
247,263 |
146,190 |
146,191 |
|
|
--------- |
--------- |
--------- |
--------- |
||
|
|
|
|
|
||
|
--------- |
--------- |
--------- |
--------- |
||
|
Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
||
|
£ |
£ |
£ |
£ |
||
|
Direct costs in relation to charitable activity |
579,454 |
226,209 |
805,663 |
426,018 |
|
|
Governance costs |
– |
21,054 |
21,054 |
6,319 |
|
|
--------- |
--------- |
--------- |
--------- |
||
|
|
|
|
|
||
|
--------- |
--------- |
--------- |
--------- |
||
|
Support costs |
Total 2024 |
Total 2023 |
||
|
£ |
£ |
£ |
||
|
Staff costs |
70,785 |
70,785 |
68,703 |
|
|
Premises |
34,889 |
34,889 |
1,863 |
|
|
Communications and IT |
4,248 |
4,248 |
2,665 |
|
|
General office |
72,865 |
72,865 |
34,493 |
|
|
Finance costs |
673 |
673 |
1,457 |
|
|
Governance costs |
21,054 |
21,054 |
6,319 |
|
|
Support costs - Other costs |
42,749 |
42,749 |
25,691 |
|
|
--------- |
--------- |
--------- |
||
|
247,263 |
247,263 |
141,191 |
||
|
--------- |
--------- |
--------- |
||
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Depreciation of tangible fixed assets |
11,115 |
1,432 |
|
-------- |
------- |
|
|
Period from |
||
|
Year to |
1 Dec 22 to |
|
|
31 Aug 24 |
31 Aug 23 |
|
|
£ |
£ |
|
|
Fees payable for the audit of the financial statements |
|
– |
|
------- |
---- |
|
|
Period from |
||
|
Year to |
1 Dec 22 to |
|
|
31 Aug 24 |
31 Aug 23 |
|
|
£ |
£ |
|
|
Independent examination of the financial statements |
– |
2,640 |
|
---- |
------- |
|
|
Period from |
||
|
Year to |
1 Dec 22 to |
|
|
31 Aug 24 |
31 Aug 23 |
|
|
£ |
£ |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Employer contributions to pension plans |
12,229 |
6,373 |
|
--------- |
--------- |
|
|
|
|
|
|
--------- |
--------- |
|
|
2024 |
2023 |
|
|
No. |
No. |
|
|
Number of staff |
32 |
15 |
|
---- |
---- |
|
|
Land and buildings |
Equipment |
Total |
|
|
£ |
£ |
£ |
|
|
Cost |
|||
|
At 1 September 2023 |
|
|
|
|
Additions |
– |
|
|
|
Disposals |
– |
(
|
(
|
|
--------- |
-------- |
--------- |
|
|
At 31 August 2024 |
|
|
|
|
--------- |
-------- |
--------- |
|
|
Depreciation |
|||
|
At 1 September 2023 |
– |
|
|
|
Charge for the year |
|
|
|
|
Disposals |
– |
(
|
(
|
|
--------- |
-------- |
--------- |
|
|
At 31 August 2024 |
|
|
|
|
--------- |
-------- |
--------- |
|
|
Carrying amount |
|||
|
At 31 August 2024 |
|
|
|
|
--------- |
-------- |
--------- |
|
|
At 31 August 2023 |
|
|
|
|
--------- |
-------- |
--------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Trade debtors |
|
|
|
Prepayments and accrued income |
|
– |
|
Other debtors |
|
|
|
--------- |
--------- |
|
|
|
|
|
|
--------- |
--------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Bank loans and overdrafts |
|
|
|
Trade creditors |
|
|
|
Accruals and deferred income |
|
|
|
Social security and other taxes |
|
|
|
Other creditors |
|
|
|
--------- |
--------- |
|
|
|
|
|
|
--------- |
--------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Bank loans and overdrafts |
|
|
|
Other creditors |
|
– |
|
-------- |
-------- |
|
|
|
|
|
|
-------- |
-------- |
|
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Amount deferred in year |
365,833 |
302,964 |
|
--------- |
--------- |
|
|
At 1 September 2023 |
Income |
Expenditure |
At 31 August 2024 |
|
|
£ |
£ |
£ |
£ |
|
|
General funds |
392,875 |
1,041,501 |
(826,717) |
607,659 |
|
--------- |
------------ |
--------- |
--------- |
|
|
At 1 December 2022 |
Income |
Expenditure |
At 31 August 2023 |
|
|
£ |
£ |
£ |
£ |
|
|
General funds |
260,091 |
565,120 |
(432,336) |
392,875 |
|
--------- |
--------- |
--------- |
--------- |
|
|
At 1 September 2023 |
Income |
Expenditure |
At 31 August 2024 |
|
|
£ |
£ |
£ |
£ |
|
|
Minibus |
10,000 |
– |
– |
10,000 |
|
-------- |
---- |
---- |
-------- |
|
|
At 1 December 2022 |
Income |
Expenditure |
At 31 August 2023 |
|
|
£ |
£ |
£ |
£ |
|
|
Minibus |
10,000 |
– |
– |
10,000 |
|
-------- |
---- |
---- |
-------- |
|
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
|
£ |
£ |
£ |
||
|
Tangible fixed assets |
236,899 |
– |
236,899 |
|
|
Current assets |
879,428 |
10,000 |
889,428 |
|
|
Creditors less than 1 year |
(421,123) |
– |
(421,123) |
|
|
Creditors greater than 1 year |
(87,545) |
– |
(87,545) |
|
|
--------- |
-------- |
--------- |
||
|
Net assets |
607,659 |
10,000 |
617,659 |
|
|
--------- |
-------- |
--------- |
||
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
|
£ |
£ |
£ |
||
|
Tangible fixed assets |
243,380 |
– |
243,380 |
|
|
Current assets |
598,336 |
10,000 |
608,336 |
|
|
Creditors less than 1 year |
(426,744) |
– |
(426,744) |
|
|
Creditors greater than 1 year |
(22,098) |
– |
(22,098) |
|
|
--------- |
-------- |
--------- |
||
|
Net assets |
392,874 |
10,000 |
402,874 |
|
|
--------- |
-------- |
--------- |
||
|
At 1 Sep 2023 |
Cash flows |
At 31 Aug 2024 |
|
|
£ |
£ |
£ |
|
|
Cash at bank and in hand |
|
172,052 |
|
|
Debt due within one year |
(9,415) |
(238) |
(9,653) |
|
Debt due after one year |
(22,098) |
9,660 |
(12,438) |
|
--------- |
--------- |
--------- |
|
|
|
|
|
|
|
--------- |
--------- |
--------- |
|