## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |**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**| ## ## ## ## ##