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Company Limited by Guarantee |
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Company Limited by Guarantee |
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Financial Statements |
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Page |
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Trustees' annual report (incorporating the director's report) |
1 |
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Independent auditor's report to the trustees of
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6 |
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Statement of financial activities (including income and expenditure account) |
11 |
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Statement of financial position |
12 |
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Statement of cash flows |
13 |
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Notes to the financial statements |
14 |
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Company Limited by Guarantee |
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Trustees' Annual Report (Incorporating the Director's Report) |
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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 |
51 Rigby Street |
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office |
Salford |
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M7 4NX |
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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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64 Bury Old Road |
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Manchester |
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M8 5NW |
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Trustee |
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Company Limited by Guarantee |
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Independent Auditor's Report to the Trustees of
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(Senior Statutory Auditor) |
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For and on behalf of |
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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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Company Limited by Guarantee |
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Statement of Financial Activities |
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(including income and expenditure account) |
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2024 |
2023 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
£ |
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Donations and legacies |
5 |
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Charitable activities |
6 |
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– |
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Total income |
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Costs of raising donations and legacies |
7 |
7,596 |
– |
7,596 |
15,778 |
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Expenditure on charitable activities |
8,9 |
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Total expenditure |
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Net (expenditure)/income and net movement in funds |
(
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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 |
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Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
£ |
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Tangible fixed assets |
16 |
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Debtors |
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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Net current liabilities |
(
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Total assets less current liabilities |
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Net assets |
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Unrestricted funds |
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Total charity funds |
21 |
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Trustee |
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Company Limited by Guarantee |
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Statement of Cash Flows |
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2024 |
2023 |
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£ |
£ |
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Net (expenditure)/income |
(155,886) |
189,235 |
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Adjustments for: |
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Depreciation of tangible fixed assets |
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Accrued (income)/expenses |
(
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Changes in: |
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Trade and other debtors |
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(
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Trade and other creditors |
(
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Cash generated from operations |
(
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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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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
690,228 |
304,355 |
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Cash and cash equivalents at end of year |
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Company Limited by Guarantee |
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Notes to the Financial Statements |
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Fixtures, fittings & equipment |
- |
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Motor vehicles |
- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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Donations |
76,792 |
– |
76,792 |
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Grants receivable |
– |
59,952 |
59,952 |
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-------- |
-------- |
--------- |
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-------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Donations |
101,819 |
– |
101,819 |
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Grants receivable |
– |
45,470 |
45,470 |
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-------- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Voluntary contributions |
89,524 |
89,524 |
108,065 |
108,065 |
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Salford City Council |
1,483,900 |
1,483,900 |
1,192,720 |
1,192,720 |
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Bury MBC |
1,085,887 |
1,085,887 |
941,704 |
941,704 |
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Manchester City Council |
129,459 |
129,459 |
123,300 |
123,300 |
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London Barnet Council |
– |
– |
24,640 |
24,640 |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Costs of raising donations and legacies |
7,596 |
7,596 |
15,778 |
15,778 |
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------- |
------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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2,827,001 |
59,952 |
2,886,952 |
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Support costs |
186,851 |
– |
186,852 |
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-------- |
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-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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2,140,573 |
45,470 |
2,186,042 |
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Support costs |
146,662 |
– |
146,663 |
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Activities undertaken directly |
Grant funding of activities |
Support costs |
Total funds 2024 |
Total fund 2023 |
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£ |
£ |
£ |
£ |
£ |
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2,871,202 |
15,750 |
179,051 |
3,066,003 |
2,319,047 |
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Governance costs |
– |
– |
7,801 |
7,801 |
13,658 |
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-------- |
--------- |
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Analysis of support costs |
Total 2024 |
Total 2023 |
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£ |
£ |
£ |
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Staff costs |
179,051 |
179,051 |
133,006 |
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Governance costs |
7,801 |
7,801 |
13,658 |
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--------- |
--------- |
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186,852 |
186,852 |
146,664 |
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--------- |
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2024 |
2023 |
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£ |
£ |
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SEN grants |
15,750 |
28,991 |
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-------- |
-------- |
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Total grants |
15,750 |
28,991 |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible fixed assets |
54,947 |
59,516 |
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-------- |
-------- |
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2024 |
2023 |
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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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2024 |
2023 |
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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 |
26,514 |
18,147 |
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2024 |
2023 |
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No. |
No. |
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Number of administrative staff |
10 |
10 |
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Number of teaching staff |
114 |
107 |
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---- |
---- |
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124 |
117 |
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---- |
---- |
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Land and buildings |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 September 2023 |
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Additions |
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– |
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------------ |
--------- |
-------- |
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At 31 August 2024 |
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Depreciation |
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At 1 September 2023 |
– |
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Charge for the year |
– |
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-------- |
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At 31 August 2024 |
– |
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------------ |
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-------- |
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Carrying amount |
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At 31 August 2024 |
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------------ |
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-------- |
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At 31 August 2023 |
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------------ |
--------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Other debtors |
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------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Accruals |
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Social security and other taxes |
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Loans |
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– |
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Other creditors |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Amount deferred in year |
– |
370,683 |
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---- |
--------- |
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At 1 September 2023 |
Income |
Expenditure |
At 31 August 2024 |
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£ |
£ |
£ |
£ |
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General funds |
1,552,969 |
2,865,562 |
(3,021,448) |
1,397,083 |
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At 1 September 2022 |
Income |
Expenditure |
At 31 August 2023 |
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£ |
£ |
£ |
£ |
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General funds |
1,363,734 |
2,492,248 |
(2,303,013) |
1,552,969 |
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At 1 September 2023 |
Income |
Expenditure |
At 31 August 2024 |
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£ |
£ |
£ |
£ |
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Restricted Fund – grants received |
– |
59,952 |
(59,952) |
– |
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---- |
-------- |
-------- |
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At 1 September 2022 |
Income |
Expenditure |
At 31 August 2023 |
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£ |
£ |
£ |
£ |
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Restricted Fund – grants received |
– |
45,470 |
(45,470) |
– |
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---- |
-------- |
-------- |
---- |
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Unrestricted Funds |
Total Funds 2024 |
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£ |
£ |
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Tangible fixed assets |
1,489,851 |
1,489,851 |
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Current assets |
222,346 |
222,346 |
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Creditors less than 1 year |
(315,114) |
(315,114) |
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------------ |
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Net assets |
1,397,083 |
1,397,083 |
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------------ |
------------ |
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Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
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Tangible fixed assets |
1,347,620 |
1,347,620 |
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Current assets |
709,303 |
709,303 |
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Creditors less than 1 year |
(503,954) |
(503,954) |
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Net assets |
1,552,969 |
1,552,969 |
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At 1 Sep 2023 |
Cash flows |
At 31 Aug 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(474,803) |
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--------- |
--------- |
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Company Limited by Guarantee |
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Notes to the Financial Statements (continued) |