2022-08-31-accounts - Slindon College Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Reference and Administrative		Details ofthe Charity, its Trustees and Advisers
Trustees' Report			2-10
Independent Auditors'	Report	on the Financial Statements	11-15
Statement ofFinancial	Activities		16
Balance Sheet			17 - 18
Statement ofCash Flows			19
Notes to ths Financial	Statements		20-37

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022	2022	2022	2021
			Note
Income from:
Donaticns and legacies				2,140	23,264	25,404	48,890
Charitable activities				2,469,767		2,469,767	2,334,126
Investments				1,392		1,392	2,013
Other income				61,325	1,306	62,63'I	33,398
Total income				2,534,624	24,570	2,559,194	2,418,427
Expenditure on:
Raising funds			7	16,283		16,283	18,131 .
Charitable activities				2,539,530	20,381	2,559,911	2,433,910
Other expenditure			8	184		184	479
Total expenditure				2,555,997	20,381	2,576,378	2,452,520
Net incomei (expenditure)				(21,373)	4,189	(17,184)	(34,093)
Transfers between	funds		18	15,497	(15,497)
Net movement in funds before other
recognised gains				(5,876)	(11,308)	(17,184)	(34,093)
Other recognised	gains:
Gains on revaluation		of investment
property							40,000
Net movement in funds				(5,876)	(11,308)	(17,184)	5,907
Reconciliation offunds:
Total funds brought		forward		1,032,370	12,215	1,044,585	1,038,678
Net movement in funds				(5,876)	(11,308)	(17,184)	5,907
Total funds carried		forward		1,026,494	907	1,027,401	1,044,585

			Note		2022f		2021f
Fixed assets
Tangible assets			13		108,159		104,833
Investment property			14		640,000		640,000
					748,159		744,833
Current assets
Debtors			15	813,019		722,896
Cash at bank and	in hand			599,737		532,515
				1,412,756		1,255,411
Creditors: amounts	falling due within one
year			16	(1,098,514)		(905,659)
Net current assets					314,242		349,752
Total assets less	current liabilities				1,062,401		1,094,585
Provisions for liabilities			17		(35,DDD)		(50,000)
Net assets excluding		pension asset			1,027,401		1,044,585
Total net assets					1,027,401		1,044,585
Charity funds
Restricted funds			18		907		12,215
Unrestricted funds			18		1,026,494		1,032,370
Total funds					1,027,401		1,044,585

				2022	2021
			Note
Cash flows from operating	activities
Net cash used in operating	actiwiies		20	96,722	(68,925)
Cash flows from investing	activities
Purchase oftangible fixed assets				(30,708)	(34,854)
Interest received				1,392	2,013
Net cash used in investing	activities			(29,316)	(32,841)
Cash flows frere financing	activities
Interest paid				(184)	(479)
Net cash used in financing	activities			(184)	(479)
Change in cash and cash	equivalents in	the year		67,222	(102,245)
Cash and cash equivalents	at the beginning	of the year		532,515	634,760
Cash and cash equivalents	at the end of	the year	21	599,737	532,515
The notes on pages 20 lo 37form part ofthese financial statements

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2022f	2022f	2022f	2021f
Donations			2,140	7,143	9,283	190
Grants				16,121	16,121	22,430
Government	grants	—Furlough				26,270
			2,140	23,264	25,404	48,890
Total 2021			26,460	22A30	48,890

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
					r
	Standard college fees		1,850,874	1,850,874	1,724,203
	Less bursaries		(135,986)	(135,986)	(129,749)
	Less discounts		(4,653)	(4,653)	(6,488)
	Registration	fees	2,800	2,800	2,400
	Disbursements		37,655	37,655	16,113
	Extra tuition		719,077	719,077	727,647
			2,469,767	2,469,767	2,334,126
	Total 202'I		2,334,126	2,334,126
5.	Investment	income
			Unrestricted	Total	Total
			funds	funds	funds
			2022f	2022f	2021f
	Investment	income	1,392	1,392	2,013
	Total 2021		2,013	2,013

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2022f	2022f	2022f	2021f
Fundraising	activities			1,306	1,306	1,090
Other operating		income	61,325		61,325	32,308
			61,325	1,306	62,631	33,398
Total 2021			32,308	1,090	33,398

			Unrestricted	Total	Total
			funds	funds	funds
			2022f	2022f	2021
Advertising	and	publicity	16,283	16,283	18,131
Toial2021			18,131	18,131

					Unrestricted	Total	Total
					funds	funds	funds
					2022f	2022f	2021f
Bank		charges	and	interest		184	479
Tots	I	2021			479	479

				Activities
				undertaken	Support	Total	Total
				directly	costs	funds	funds
				2022 F	2022f	2022f	2021 5
Total activities				1,596,095	963,815	2,569,911	2,433,910
Total 2021				1,586,763	847,147	2,433,910
Analysis ofdirect costs
						Total	Total
					Activities	funds	funds
					2022	2022	2021f
Teaching and	SEN salaries				1,473,054	1,473,054	1,482,106
Books, materials		and	sundries		90,203	90,203	77,117
Photocopier,	teaching		aids and courses		32,838	32,938	27,540
					1,596,095	1,596,095	1,586,763
Tots I2021					1,586,763	1,566,763

						Total	Total
					Activities	funds	funds
					2022	2022f	2021f
Rent					40,731	40,731	40,535
Rates					14,759	14,759	21,662
Light and heat					65,149	65,149	43,135
insurance					28,911	28,911	29,581
Maintenance and improvements					129,791	129,791	134,287
Maintenance staff salaries					79,587	79,587	67,855
Matron and housekeeping			salaries		146,062	146,062	127,307
Catering salaries					113,782	113,782	105,330
Catering costs	general				54,516	54,516	35,656
I-laucahald and	modiaal	costa			10,057	10,057	18,207
Administration	and management			salaries	156,564	156,564	124,249
Telephone, postage and			stationery		7,424	7,424	7,332
Travel and subsistence					5,169	5,169	1,863
Minibus lease					6,609	6,609	6,134
Computer maintenance		and trainmg			14,044	14,044	14,060
Disbursement	expenditure				16,780	16.780	9,016
Depreciation					27,382	27,382	23,281
Pupil premium	expenditure				5,061	5,061	8,152
Audit and accountancy					12,102	12,102	9,870
Subscriptians,	danations		and sundries		20,336	20,336	19,209
(Profit)/ loss on disposal			offixed	assets			426
					963,816	963,816	847,147
Total 2021					847, 147	847,147

to the Financial Statements e Year Ended 31August 2022 Staff costs
	2022	2021
Wages and salaries	1,669,321	1,627,947
Social security costs	136,989	1'I1,940
Pension costs	162,739	166,960
	1,969,049	1,906,847

	2022	2021
	No.	No.
Academic	49	47
Administration	5	5
Matron and Household	8	8
Catering		5
Maintenance		4
	71	69

2022	2021
No.	No.

	Long-term
	leasehold	Fixtures and
	property	fittings	Total
	8
Cost or valuation
At 1 September 2021	28,722	213,970	242,692
Additions		30,708	30,708
Disposals		(23,550)	(23,550)
At 31 August 2022	28,722	221,128	249,850
Depreciation
At 1 September 2021	18,952	118,907	137,859
Charge for the year	2,873	24,509	27,382
On disposais		(23,550)	(23,550)
At 31 August 2022	21,825	119,866	141,691
Net book value
At 31 August 2022	6,897	101,262	108,159
At 31 August 2021	9,770	95,063	104,833

Fort	he Year Ende	d 31August 2D22
14.	Investment	property
					Freehold
					investment
					properly
	Valuation
	At I September 2021				640,000
	At 31 August	2022			640,DDD
	The histarical	cast of the mvestmeni	property	isf132,750.

				2022	2021
					6
Due within one year
College fees receivable	-re summer	and previous	terms	22,803	19,480
College fees receivable	-re autumn	term		782,798	694,991
Prepayments and accrued incame				7,418	8,425
				813,019	722,896

						2022	2021
						F
Trade creditors						27,683	25,523
Other taxation and		social		security		31,373	34,097
Other creditors						62,767	60,138
Accruals	and deferred		income			976,691	785,901
						1,098,514	905,659
						2022f	2021
Deferred	income at 1 September				2021	768,046	763,810
Resources deferred		during		the year		944,286	788,046
Amounts	released	from prewcus			penods	(768,046)	(763,810)
						944,266	768,046

		Provisionf
At 1 September 2021		50,000
Amounts	used	(15,000)
		35,000

Stateme	nt offunds -	cur	rent y	ear
				Balance at 1				Balance at
				September			Transfers	31 August
				2021f	Income f	Expenditure	in/out f	2022
Unrestricted funds
General	Funds			516,120	2,534,624	(2,555,997)	15,497	510,244
Revaluation reserve				516,250				516,250
				1,032,370	2,534,624	(2,555,997)	15,497	1,026,494
Restricted funds
Parent Teachers Association
Fund				4,627		(4,627)
To Dare	Trophy Award	Fund		907				907
Electric Car Fund				2,244	650	(2,894)
Grants				1,557	16,121	(5,061)	(12,617)
Parents	Donation			2,880	6,799	(6,799)	(2,880)
The lan	Askew Charitable		Trust		1,000	(1,000)
				12,215	24,570	(20,381)	(15,497)	907
Total of	funds			1,044,585	2,559,194	(2,576,378)		1,027,401

Statemen	t offun	ds	- prior year
			Balance at					Balance at
		1	September			Transfers	Gains!	31 August
			2020	Income	Expenditure	in/out	(Losses)	2021
			E	6	E
Unrestricted
funds
General	Funds-
all funds			552,150	2,394,907	(2,443,658)	12,721		516,120
Revaluation
reserve			476,250				40,000	516,250
			1,028,400	2,394,907	(2,443,658)	12,721	40,000	1,032,370
Restricted
funds
Parent Teachers
Association
Fund			3,537	1,090				4,627
To Dare	Trophy
Award	Fund		907					907
Electric Car
Fund			2,954		(710)			2,244
Grants				22,430	(8,152)	(12,721)		1,557
Parents
Donation			2,880					2,880
			10,276	23,520	(8,862)	(12,721)		12,215
Total of	funds		1,038.678	2,418,427	(2,452,520)		40,000	1,044,585

Analysis		ofnet assets	between funds - current	year
				Unrestricted	Restricted	Total
				funds	funds	funds
				2022	2022	2022
Tangible	fixed assets			108,159		108,159
Investment		property		640,000		640,000
Current assets				1,411,849	907	1,412,756
Creditors		due within one year		(1,098,514)		(1,098,514)
Provisions		for liabilities	and charges	(35,000)		(35,000)
Total				1,026,494	907	1,027,401

Analysis	of net assets	between funds - prior year
			L!nrestricted	Restricted	Total
			funds	funds	funds
			2021f	2021f	2021
Tangible fixed assets			104,833		104,833
Investment	property		640,000		640,000
Current assets			1,243,196	12,215	1,255,411
Creditors	due within one year		(905,659)		(905,659)
Provisions	for liabilities	and charges	(50,000)		(50,000)
Total			1,032,370	12,215	1,044,585

						2022f	2021 6
Net expenditure for the year		(as per Statement		of Financial	Activities)	(17,184)	(34,093)
Adjustments for:
Depreciation charges						27,382	23,281
Loss on the sale offixed assets							426
(Increase)/ decrease	in debtors					(107,978)	(2,657)
Increase/ (decrease)	in creditors					210,710	(44,348)
Interest received						(1,392)	(2,013)
Interest paid						184	479
Increase in provisions						(15,000)	(10,000)
Net cash provided	by/(used	in) operating	activities			96,722	(68,925)

		2022	2021
		9	f
Cash	in hand	599,737	532,515
Total	cash and cash equivalents	599,737	532,515

						At 1
						September		At 31
						2021	Cash flows	August 2022
						6		8
Cash	at	bank	and	in	hand	532,515	67,222	599,737
						532,515	67,222	599,737

At 31 Aug cancellable	ust 2022 the charity had commitments to make fu operating leases as follows:	ture minimum lease payments	under non-
		2022f	2021f
Not later than 1 year		65,774	72,455
Later than	1 year and not later than 5years	167,180	190,633
Later than	5years	26,814	67,768
		259,768	330,656

			2022f	2021
Operatkig	lease	ieiiluls	75,752	77,331