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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 |
7 |
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Statement of financial activities (including income and expenditure account) |
12 |
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Statement of financial position |
13 |
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Statement of cash flows |
14 |
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Notes to the financial statements |
15 |
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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 |
2nd Floor Parkgates |
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office |
Bury New Road |
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Manchester |
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M25 0TL |
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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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BBAM |
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Bridle Road |
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Bootle |
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Merseyside |
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L30 4GB |
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Trustee |
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Company Limited by Guarantee |
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Independent Auditor's Report to the Trustees |
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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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Other trading activities |
7 |
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– |
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Investment income |
8 |
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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 |
9 |
– |
– |
– |
12,438 |
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Expenditure on charitable activities |
10,11 |
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Total expenditure |
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------------ |
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Net (expenditure)/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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Total funds carried forward |
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– |
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791,385
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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 |
17 |
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Debtors |
18 |
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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 |
19 |
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--------- |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
20 |
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--------- |
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Net assets |
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--------- |
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Restricted funds |
– |
50,001
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Unrestricted funds |
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--------- |
--------- |
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Total charity funds |
22 |
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791,385
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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 |
(6,017) |
32,896 |
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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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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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(
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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 |
63,409 |
53,995 |
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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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Freehold property |
- |
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Fixtures and fittings |
- |
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Portacabins |
- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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Donations |
194,782 |
– |
194,782 |
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Grants receivable - C S T security grants |
– |
56,128 |
56,128 |
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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 |
260,404 |
50,000 |
310,404 |
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Grants receivable - C S T security grants |
– |
44,462 |
44,462 |
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-------- |
--------- |
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-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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Voluntary Contributions |
320,316 |
– |
320,316 |
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Payments from governments or public authorities in the normal course of trading |
159,194 |
80,129 |
239,323 |
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Childcare |
992,524 |
– |
992,524 |
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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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Voluntary Contributions |
288,568 |
– |
288,568 |
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Payments from governments or public authorities in the normal course of trading |
179,355 |
80,845 |
260,200 |
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Childcare |
894,154 |
– |
894,154 |
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-------- |
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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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Other income |
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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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Bank interest receivable |
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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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Costs of raising donations and legacies |
– |
– |
12,438 |
12,438 |
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---- |
---- |
-------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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Educational expenditure |
1,437,805 |
186,257 |
1,624,063 |
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Welfare expenses |
53,795 |
– |
53,795 |
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Support costs |
163,371 |
– |
163,371 |
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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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Educational expenditure |
1,466,973 |
125,306 |
1,592,279 |
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Welfare expenses |
53,645 |
– |
53,645 |
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Support costs |
127,523 |
– |
127,523 |
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Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
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£ |
£ |
£ |
£ |
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Educational expenditure |
1,624,063 |
151,735 |
1,775,798 |
1,709,026 |
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Welfare expenses |
53,795 |
– |
53,795 |
53,645 |
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Governance costs |
– |
11,636 |
11,636 |
10,776 |
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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 |
119,432 |
119,432 |
102,917 |
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General office |
32,303 |
32,303 |
13,384 |
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Governance costs |
11,636 |
11,636 |
10,776 |
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--------- |
--------- |
--------- |
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163,371 |
163,371 |
127,077 |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible fixed assets |
93,396 |
69,008 |
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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 |
7,017 |
7,103 |
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------------ |
------------ |
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2024 |
2023 |
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No. |
No. |
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Number of teaching staff |
129 |
127 |
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Number of administrative staff |
5 |
5 |
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---- |
---- |
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134 |
132 |
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---- |
---- |
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Freehold property |
Fixtures and fittings |
Portacabins |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 August 2023 |
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Additions |
– |
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--------- |
--------- |
--------- |
------------ |
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At 31 July 2024 |
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--------- |
--------- |
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Depreciation |
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At 1 August 2023 |
– |
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Charge for the year |
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--------- |
--------- |
--------- |
------------ |
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At 31 July 2024 |
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--------- |
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Carrying amount |
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At 31 July 2024 |
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--------- |
--------- |
--------- |
------------ |
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At 31 July 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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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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Other creditors |
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Loans |
59,818
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59,818 |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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--------- |
--------- |
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At 1 August 2023 |
Income |
Expenditure |
At 31 July 2024 |
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£ |
£ |
£ |
£ |
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General funds |
741,384 |
1,698,955 |
(1,654,971) |
785,368 |
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--------- |
------------ |
------------ |
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At 1 August 2022 |
Income |
Expenditure |
At 31 July 2023 |
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£ |
£ |
£ |
£ |
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General funds |
758,489 |
1,643,474 |
(1,660,579) |
741,384 |
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--------- |
------------ |
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At 1 August 2023 |
Income |
Expenditure |
At 31 July 2024 |
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£ |
£ |
£ |
£ |
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Restricted Fund - grants receivable |
50,000 |
136,257 |
(186,257) |
– |
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-------- |
--------- |
--------- |
---- |
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At 1 August 2022 |
Income |
Expenditure |
At 31 July 2023 |
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£ |
£ |
£ |
£ |
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Restricted Fund - grants receivable |
– |
175,307 |
(125,306) |
50,001 |
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---- |
--------- |
--------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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Tangible fixed assets |
1,043,633 |
50,000 |
1,093,633 |
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Current assets |
92,614 |
– |
92,614 |
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Creditors less than 1 year |
(230,865) |
– |
(230,865) |
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Creditors greater than 1 year |
(170,015) |
– |
(170,015) |
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------------ |
-------- |
------------ |
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Net assets |
735,367 |
50,000 |
785,367 |
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------------ |
-------- |
------------ |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Tangible fixed assets |
1,088,840 |
50,000 |
1,138,840 |
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Current assets |
72,846 |
– |
72,846 |
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Creditors less than 1 year |
(232,820) |
– |
(232,820) |
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Creditors greater than 1 year |
(187,481) |
– |
(187,481) |
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------------ |
-------- |
------------ |
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Net assets |
741,385 |
50,000 |
791,385 |
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------------ |
-------- |
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At 1 Aug 2023 |
Cash flows |
At 31 Jul 2024 |
|
|
£ |
£ |
£ |
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Cash at bank and in hand |
|
18,727 |
|
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Debt due within one year |
(15,192) |
(1,390) |
(16,582) |
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Debt due after one year |
(187,481) |
17,466 |
(170,015) |
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--------- |
-------- |
--------- |
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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) |