| Risk Area | Risk | Management | |
|---|---|---|---|
| Pupil Profile | The College fails to maintain | The Board and SLT are united in theiraims to | |
| an appropriate pupil profile | prioritise the retention of existing pupils, and | ||
| to achieve its financial model | the recruitment ofnew pupils, by identifying | ||
| / targets. | our need, level of revenues required and | ||
| ensuring that admissions and retentions meet | |||
| this objective and the overall strategic | |||
| objectives of the College. | |||
| Business | The College fails to |
In line with the College's overall risk register | |
| Continuity | adequately plan to ensure | the College has business continuity plans in | |
| business continuity in the | place to cover events such as but not limited | ||
| event ofa major event, either | to the continued provision of education and | ||
| physical or virtual. | provision of key services such as boarding | ||
| and catering facilities. These risks and | |||
| mitigation strategies are reviewed by the | |||
| Board and SLT. | |||
| Global | / | The international political | Strategic planning of international |
| International | landscape impacts the |
recruitment to new markets is continued. | |
| political risk | effective recruitment of | ||
| international pupils. | |||
| The Labour Party wins a general election and: |
The College continues to lobby through trade bodies wherever possible, and aims to communicate with its stakeholders to best |
||
| mitigate this position. | |||
| 1.VAT is added to school | |||
| fees | |||
| 2.Business rates relief is | |||
| removed | |||
| Energy Costs | The availability and rising | The College has spread the risk, and secured | |
| cost of energy provides | its electricity provision in a multi-year |
| SO:l | Governance, Leadership & Management |
|---|---|
| Effective and respectful leadership and management of the College and commitment | |
| of all staff to the implementation of the College's strategic objectives, utilising the | |
| critical guidance, support, and expertise of the Governing Body. | |
| SO:2 | Culture & Ethos |
| Advocacy of the College's mission, vision, values and aims by all stakeholders, where | |
| opportunities for positive change and development are embraced. | |
| SO:3 | Academic Achievement |
| A vibrant learning culture amongst pupils and staff, coupled with high expectations, | |
| which adds value to pupils' academic achievement. | |
| S0:4 | Personal Development |
| A broad range of challenging opportunities for pupils to develop their hearts, minds, | |
| bodies, and spirit, embracing the values of democracy, the rule of law, individual | |
| liberty, respect and tolerance. | |
| SO:5 | Facilities, Environment & Infrastructure |
| High quality and well-maintained facilities for pupils, staff and visitors which provide | |
| a safe, stimulating, and welcoming environment to maximise educational | |
| opportunities and where staff and pupilscan work and enhancetheir lives. |
| SO:6 | Compliance |
|---|---|
| Effective safeguarding and the provision of a safe, stimulating, and welcoming | |
| environment which meets statutory responsibilities within a culture, which embraces | |
| scrutiny, accountability and progress. | |
| SO:7 | Educational Provision (Curricular, Extra, and Ultra Curricular) |
| An all-round education which fully encapsulates the College's ethos, aims and core | |
| values and which provides appropriate challenges for all pupils. | |
| SO:8 | Relationships & Communication |
| Recognition by the College of its role within the community, transparent and timely | |
| communication with stakeholders, always embracing constructive feedback. | |
| SO:9 | Finance |
| Well-structured and sustainable finances, maximising core, and additional revenue | |
| opportunitieswithout comprisingthe core values of the College's educational vision, | |
| aims and objectives and its charitable status. | |
| SO:l 0 | Recruitment & Retention |
| Professional & strategic marketing, recruitment, and retention by all, which is | |
| effective, targeted and results-driven, conveying the key messagesof the College. |
STJOSEPH'S COLLEGE IA Company Limited by Guarantee and not having a Share Capit311 17
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | Funds | funds | Funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Notes | £ | £ | £ | £ | |
| Income from: | |||||
| Charitable activities | 4,5 | 8,946,741 | 8,946,741 | 8,379,005 | |
| Other trading | 10 | 121,657 | - | 121,657 | 60,343 |
| activities | |||||
| Total income | 9,068,398 | - | 9,068,398 | 8,439,348 | |
| Expenditure on: | |||||
| Raising funds | 11 | 39 | |||
| Charitable activities | 12 | 8,837,922 | - | 8,837,922 | 8,421,087 |
| Total expenditure | 8,837,922 | - | 8,837,922 | 8,421,126 | |
| Net income | 230,476 | - | 230,476 | 18,222 | |
| Net movement in | 230,476 | - | 230,476 | 18,222 | |
| funds | |||||
| Reconciliation of | 21,22 | ||||
| funds: | |||||
| Total funds brought | 3,654,076 | 9,622 | 3,663,698 | 3,645,476 | |
| forward | |||||
| Net movement in | 230,476 | - | 230,476 | 18,222 | |
| funds | |||||
| Total funds | 3,884,552 | 9,622 | 3,894,174 | 3,663,698 | |
| carried forward |
| 2022 | 2022 | 2021 | 2021 | ||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed Assets | |||||
| Tangible assets | 16 | 1 1,637,401 | 1 1,915,823 | ||
| Current Assets | |||||
| Stocks | 17 | 26,031 | 35,277 | ||
| Debtors | 18 | 1,439,513 | 1,036,856 | ||
| Cash at bank and in | 24 | 469,024 | 606,814 | ||
| hand | |||||
| 1,934,568 | 1,678,947 | ||||
| Creditors: amounts | 19 | (8.324.470) | (2.531,768) | ||
| fallingdue within | |||||
| one year | |||||
| Net current | (6,389,902) | (852,821) | |||
| liabilities | |||||
| Total assets less | 5,247,499 | 11,063,002 | |||
| current liabilities | |||||
| Creditors: amounts | 20 | (1,353,325) | (7,399.304) | ||
| falling due after | |||||
| more than one year | |||||
| Net assets | 3,894,174 | 3,663,698 | |||
| Charity funds | |||||
| Restricted funds | 21,22 | 9,622 | 9,622 | ||
| Unrestricted funds | 21,22 | 3,884,552 | 3,654,076 | ||
| Total funds | 3,894,174 | 3,663,698 |
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Net cash generated from operating activities | 23 | 668,890 | 963,996 |
| Cash flowsfrom investing activities | |||
| Bank interest paid | 13 | (225,266) | (237,196) |
| Purchase of tangible fixed assets | 16 | (171,079) | (292,620) |
| Netcash used in investing activities | (396,345) | (529,816) | |
| Cash flows from financing activities | |||
| Repayments of borrowing | 25 | (410,335) | (198,733) |
| Netcash used in financing activities | (410,335) | (198,733) | |
| Change in cash and cash equivalents in the year | (137,790) | 235,447 | |
| Cash and cash equivalentsat the beginningof the year | 606,814 | 371,367 | |
| Cash and cash equivalents at the end of the year | 24 | 469,024 | 606,814 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Educational | 8,946,741 | 8,946,741 | |
| operations | |||
| Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Educational | 8,377,788 | 1,217 | 8,379,005 |
| operations |
| Notes | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| School fees | 6 | 8,155,698 | 7,649,169 |
| Othereducational income | 7 | 347,568 | 341,514 |
| Other ancillary trading income | 8 | 442,099 | 177,600 |
| Exceptional government funding | 9 | 1,376 | 210,722 |
| 8,946,741 | 8,379,005 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Gross fees | 10,131,295 | 9,701,227 |
| Less: Total bursaries, scholarships and | (1,975,597) | (2,052,058) |
| allowances | ||
| Total | 8,155,698 | 7,649,169 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Registration fees | 22,695 | 16,050 |
| Otherexamination fees | 41,680 | 115,510 |
| Fees in lieu of notice | 174,563 | 127,903 |
| Additional boarding | 108,630 | 82,051 |
| Total | 347,568 | 341,514 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Refectory income | 179,479 | 68,906 |
| Transport service income | 166,691 | 107,476 |
| World project | - | 518 |
| Rugby festival income | 73,660 | - |
| Othermiscellaneous items | 22,269 | 700 |
| Total | 442,099 | 177,600 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Coronavirus support | 1,376 | 210,722 |
| Total | 1,376 | 210,722 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Hireof school premises | 119,202 | - | 119,202 |
| Chapel fundraising | 2,455 | - | 2,455 |
| Total | 121,657 | - | 121,657 |
| Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Hire of school premises | 50,252 | - | 50,252 |
| Chapel fundraising | 10,091 | - | 10,091 |
| Total | 60,343 | - | 60,343 |
| Unrestricted | Restricted | Total |
|---|---|---|
| Funds | Funds | Funds |
| 2022 | 2022 | 2022 |
| £ | £ | £ |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Educational operations | 8,837,922 | - | 8,837,922 |
| Total | 8,837,922 | - | 8,837,922 |
| Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Educational operations | 8,420,571 | 516 | 8,421,087 |
| Total | 8,420,571 | 516 | 8,421,087 |
| Activities | Support | Total | |
|---|---|---|---|
| undertaken | costs | Funds | |
| directly | |||
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Educational operations | 6,570,888 | 2,267,034 | 8,837,922 |
| Total | 6,570,888 | 2,267,034 | 8,837,922 |
| Activities | Support | Total | |
| undertaken | costs | Funds | |
| directly | |||
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Educational operations | 6,221,133 | 2,199,954 | 8,421,087 |
| Total | 6,221,133 | 2,199,954 | 8,421,087 |
| Total Funds | Total Funds | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Staff costs | 4,528,251 | 4,508,833 |
| Depreciation | 449,501 | 452,600 |
| Teaching | 520,323 | 479,540 |
| Welfare | 339,053 | 216,564 |
| Premises | 733,759 | 563,596 |
| Total | 6,570,887 | 6,221,133 |
| Total Funds | Total Funds | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Staff costs | 1,318,656 | 1,200,505 |
| Governancecosts | 11,783 | 5,700 |
| Administration expenses | 118,122 | 139,316 |
| Advertising | 246,224 | 187,106 |
| Agents commission | 52,752 | 239,002 |
| Bank and finance charges | 225,266 | 237,196 |
| Events and festivals | 117,394 | 6,923 |
| Insurance | 89,585 | 83,332 |
| Other | 32,328 | 12,145 |
| Professional fees | 54,924 | 70,792 |
| Transportation | - | 10,118 |
| Covid-19 costs | - | 7,819 |
| Total | 2,267,034 | 2,199,954 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 4,840,550 | 4,651,378 |
| Social security costs | 456,660 | 429,157 |
| Pension costs | 549,697 | 628,803 |
| Total | 5,846,907 | 5,709,338 |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Teaching | 80 | 83 |
| Administration, domestic and | 96 | 96 |
| grounds | ||
| Total | 176 | 179 |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| In the band £60,001 to £70,000 | 4 | 2 |
| In the band £70,001 to £80,000 | 1 | 2 |
| In the band £80,001 to £90,000 | - | 1 |
| In the band £90,000to £100,000 | 1 | - |
| In the band £110,000 to £120,000 | ||
| In the band £120,001 to £130,000 | ||
| In the band £130,001 to£140,000 | ||
| In the band £140,000to £150,000 | ||
| In the bank £150,000to£180,000 |
| Freehold | |||||
|---|---|---|---|---|---|
| property & | |||||
| property | Motor | Fixtures& | Computer | ||
| improvements | vehicles | fittings | Equip. | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 August 2021 | 14,061,056 | 160,403 | 1,216,343 | 1,213,205 | 16,651,007 |
| Additions | 20,866 | - | 66,616 | 83,597 | 171,079 |
| At 31 July 2022 | 14,081,922 | 160,403 | 1,282,959 | 1,296,802 | 16,822,086 |
| Depreciation | |||||
| At 1 August 2021 | 2,593,776 | 148,542 | 892,065 | 1,100,801 | 4,735,184 |
| Charge in year | 306,335 | 2,966 | 69,564 | 70,636 | 449,501 |
| At 31 July 2022 | 2,900,111 | 151,508 | 961,629 | 1,171,437 | 5,184,685 |
| Net bookvalue | |||||
| At 31 July2022 | 11,181,811 | 8,895 | 321,330 | 125,365 | 11,637,401 |
| At 31 July 2021 | 11,467,280 | 11,861 | 324,278 | 112,404 | 11,915,823 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Stocks held | 26,031 | 35,277 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Due within one year | ||
| Trade debtors | 1,188,587 | 809,373 |
| Other debtors | 31,604 | 3,796 |
| Prepayments and accrued income | 219,322 | 223,687 |
| 1,439,513 | 1,036,856 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Bank loan (see note 20) | 6,293,710 | 410,338 |
| Advance fee payments | 434,333 | 238,935 |
| Trade creditors | 283,429 | 164,061 |
| Deposits held | 126,923 | 327,997 |
| Other taxation and social security | 117,750 | 104,908 |
| Other creditors | 630,785 | 736,057 |
| Accruals and deferred income | 437,540 | 549,472 |
| 8,324,470 | 2,531,768 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Balanceat 1 August | 776,752 | 383,871 |
| New contracts | 632,758 | 582,429 |
| Amounts used to pay for fees | (276,432) | (189,548) |
| Advance fee payments held at 31 July | 1,133,078 | 776,752 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Within one year | 434,333 | 238,935 |
| Between 2 to 5 years | 664,275 | 469,719 |
| More than 5 years | 34,470 | 68,098 |
| Advance fee payments held at 31 July | 1,133,078 | 776,752 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Bank loan | - | 6,293,707 |
| Advance fee payments | 698,745 | 537,817 |
| Deposits held | 618,580 | 495,780 |
| Other creditors | 36,000 | 72,000 |
| 1,353,325 | 7,399,304 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Within one year | 6,293,710 | 410,338 |
| Between 2 to 5years | - | 6,293,707 |
| Bank loan at 31 July | 6,293,710 | 6,704,045 |
| Balance at | Income | Expenditure | Transfers | Balance at31 | |||
|---|---|---|---|---|---|---|---|
| 1 | August 2021 | In / Out | July 2022 | ||||
| £ | £ | ||||||
| £ | £ | £ | |||||
| Unrestricted | |||||||
| funds | |||||||
| General fund | 3,654,076 | 9,068,398 | (8,837,922) | 3,884,552 | |||
| Restricted | |||||||
| funds | |||||||
| World project | 6,532 | 6,532 | |||||
| Parent Teacher | 2,906 | - | - | - | 2,906 | ||
| Association | |||||||
| donation | |||||||
| Child Under Care | 184 | 184 | |||||
| premium | |||||||
| 9,622 | - | - | - | 9,622 | |||
| Total of funds | 3,663,698 | 9,068,398 | (8,837,922) | - | 3,894,174 |
| Balance at | Income | Expenditure | Transfers | Balance at 31 | ||
|---|---|---|---|---|---|---|
| 1 August | In / Out | July 2021 | ||||
| 2020 | ||||||
| £ | £ | £ | £ | £ | ||
| Unrestricted | ||||||
| funds | ||||||
| General fund | 3,636,555 | 8,438,131 | (8,420,610) | 3,654,076 | ||
| Restricted | ||||||
| funds | ||||||
| World project | 6,015 | 517 | 6,532 | |||
| Parent Teacher | 2,906 | 2,906 | ||||
| Association | ||||||
| Child under | ||||||
| care premium | ||||||
| 700 | (516) | 184 | ||||
| 8,921 | 1,217 | (516) | - | 9,622 | ||
| Total of funds | 3,645,476 | 8,439,348 | (8,421,126) | - | 3,663,698 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 11,637,401 | - | 11,637,401 |
| Current assets | 1,924,946 | 9,622 | 1,934,568 |
| Creditors due within one year | (8,324,470) | - | (8,324,470) |
| Creditors due beyond one year | (1,353,325) | - | (1,353,325) |
| Total | 3,884,552 | 9,622 | 3,894,174 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Funds | Funds | Funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 11,915,823 | - | 11,915,823 |
| Current assets | 1,669,325 | 9,622 | 1,678,947 |
| Creditors due within one year | (2,531,768) | - | (2,531,768) |
| Creditors due beyond one year | (7,399,304) | - | (7,399,304) |
| Total | 3,654,076 | 9,622 | 3,663,698 |
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Net income for theyear | 230,476 | 18,222 | |
| (as per theStatementof Financial Activities) | |||
| Adjustments for: | |||
| Depreciation charge | 13,16 | 449,501 | 452,600 |
| Bank interest payable | 13 | 225,266 | 237,196 |
| Decrease/(increase) in stocks | 17 | 9,246 | (9,248) |
| (Increase) in debtors | 18 | (402,657) | (45,342) |
| Increase in creditors | 19,20 | 157,058 | 310,568 |
| Net cash generated from operating | 668,890 | 963,996 | |
| activities |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Cash in hand andat bank | 469,024 | 606,814 |
| Total cash and cash equivalents | 469,024 | 606,814 |
| At 1 August | Cash flows | Non-cash | At 31 July | |
|---|---|---|---|---|
| 2021 | changes | 2022 | ||
| £ | £ | £ | ||
| Cash in hand and at | 606,814 | (137,790) | 469,024 | |
| bank | ||||
| Debt due withinone | (410,338) | 410,335 | (6,293,707) | (6,293,710) |
| year | ||||
| Debtdue beyond | (6,293,707) | _ | 6,293,707 | . |
| oneyear | ||||
| (6,097,231) | 272,545 | (5,824,686) |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Within oneyear | 151,467 | 111,057 |
| Between one and five years | 305,740 | 137,043 |
| After more than five years | ||
| 457,207 | 248,100 |