2020-12-31-accounts

		Page
List ofGovenors
Refemnce and administrative	delails ofthe Chartty and advlsem
Governors' and Strategic report		3-8
Independent audltoVs report		0 ~ 12
Slatement offinancial activlges		13
Balance sheet
Stalsment ofcash flows		15
Notes to the flnanclal statements		15-30

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					2029	2019
					8	8
Cash flows from operating activities
Net (Expenditure)/ income forthe year					(28,303)	(5.678)
Ad/ustments for:
Depreclagon oftangible fixed	assets				327,652	310,364
Interest received					(1,197)	(2,873)
Changes In working capltah
(Increase)/Decrease in debtors					(166,352)	287,641
(Decrease) In creditors					(155,903)	(S9,3S2)
Decrease in stocks Net cash (used in) / generated	by operating			activities	751 ~2,302	9,480 ~002 2
Cashsowe from Investing actlvlges
Proceeds from sale ofassets
Purchase ofInvestments					(469)	(850)
Purchase of8xed assets					(82,683.)	(400,075)
Interest received Net cash from investing amivlties					1,197 ~~03	2,673 398,252
Change in cash and cash equivalents		in	the	year	(83,307)	111,500
Cash and cash equivalents at beginning			ofyear		595,630	484,130
					532,323	005.030

2	Income from	donations	and legacies
				Unrestdcted	Restricted	Endowment	Total
				Funds f	Funds f	Fundsf	2020f
	2020
	Operating grants from parent organisation			909,806			909,806
	Special grants	from parent organisation		801,474			801,474
				1,711,280			1,711,280
	Donations			29,044	34,719		83,763
				1,740,324	34,719		1,775,043
				Unrestricted	Restricted	Endowment	Total
				Funds f.	Funds f	Funds f	2019 f
	2019
	Operating grants from parent organisation			785,400			785,400
	Special grants	from parent organisation		785425			785425
				1,570,825			1,570,825
	Donations			235,333	16,850		252,183
				1,000,150	10,050		1,823,008
3	Income from	charitable	ac685tties
				Unrestricted	Restrtctad	Endowment	Total
				Funda f	Funds f	Fundsf	2020f
	2020
	Tuition Income			936,865			936,865
	Accommodation and Lodging Income			502,646			502,646
	Rental InCOrne			171,880			171,880
	Departmental	Income		7,962			7,962
	Other Income			5,104			5,104
				1,624,457			1,624,457
				Unrestricted	Restricted	Endowment	Total
				Funds f	Funds f	Funds f	2019 0
	2019
	Tuihon Income			1,233,079			1,233,679
	Accommodagon and Lodging Income			957,156			957.156
	Rental Income			260,304			260,304
	Deparlmenlal	Income		104,387			104,387
	Other Income			41,761			41,761
				2,597,287			2,507.287

4	Eapsnd8ure	an ralslnS I'unde	an ralslnS I'unde
				Unmaufaled	Resplcled	Endowment	Tarsi	Unntelrleted	Reelrmled	Endowment		Total
				Faerie	Funda	Funm	1010	Funds	Funds	Fends		2910
				1	4	6	1	E	1	6		E
	Adverasln0			22,954	0,331		32,nd	33,501	17,572			51,073
	Remubnuml			I '1,304			11.30|10.047				101WT
							EJ500	~53340	~17572		-	70Iao
7	Eapendlwmoncharlwblsacadbee
				Academia 84tslcas 1	Pmpetty Maintenance E	Suppon Cast 1	Total 2020 1	Amdamle Swukm E	property Malnwnance 5	Suppon cast 1		Total 20'ls
	Semrlee			1,014,211			I,Stadt 1	2,074,100				2,074.190
	Sodal Saourity			178,304			170,304	190.220				100.229
	nil a lemon coat			221,107			221 197	228.300				220.300
	Redundancy	cml		20.005			20.085
	ONer pamonel wdenee Olmd cmla			Tlrn7 01,030			71,437 81,038	IO,IMT 214,030				er,dn 214,030
	Admlnlslraacn					2IW,429	Msnts			400,780		400.7SS
	Eachanoe lorn					820	820				530	530
	Sulldln0s 00lca				304.1TI	14IMIEI	384,171 140525		400240	208.40S		409,240 SMR86
	Oapanmenln			18.315			10,315	02,43$				02,430
	Schorhmhlp	expanses				7S.737	70.737			65.304		05,554
	Osprsclslkln				327,162		327.052		310364			310.384
	Lass an disposal		ale0ulpm ant
						Total	Toad
	Analysi ~ by fund					nnb	2010
						1	6
	Unnlslrlcled	furtds				3,411,624	4214177
	Reslrlded funds					100532	el,mr
	Endowment	Unde				05.343	4l,mm
						~30I3300	4,337,060
4	Onwr eapendhurs
				Uhraanlcunl	Resmcmd	Erldowmsnl	Tuml	Unrealdsled	Restricted	Endcwnlwn		Total
				Fonda	Funds	Funrm	2920	Funds	Funds	Funds		Mlle
	Governance	coals fees nots 0)		E 11,740	E	6	4 11,740	5 20,075	1	E		E 20,075

						General	Governance	Governance	Total	Total
						Support			2020	2019
						8	2			8
	Board Expenditure							740	740	9,755
	Audit						11,000		11,000	10,920
	Exchangeloss					620			620	530
	Bad debts	Expenses				18,841			18,841	17,935
	Professional fees					80,331			80,331	118,043
	Interest Expense					6,989			6,969	14,773
	Other Administrative		Expenses			162,288			162,288	250,038
	Office Supplies & ITexpense					87,888			87,888	85,743
	Telephone	and Postage				17,999			17,999	21,235
	Equipment	Maintenance				40,938			40,938	99,488
	Scholarship	Expenses				70,737			70.737	65,564
						486,811	11,740		498.351	694,024
10	Total Resources Expended
	Bummary	by expenditure		type	Staff	Other			Total	Total
					Costs 8	Costa f	Depreciation 8		2020 8	2019 8
	Charitable	activities			2,243,377	1,042,370	327,652		3,613,399	4,337,050
	Costs ofgenerating		voluntary
	Income					43,589			43,589	71,015
	Governance	costs				11,740			11,740	20,675
					2,243,377	1,097,699	327,652		3,668,728	4,428,740
	Summary	by fund type			Unrestricted	Restricted	Endowment		Total
					Funds	Funda	Funds		2020
	2020					f	5		8
	Charitable	activities			3,411,524	106,532	95,343		3,613,399
	Costs ofgenerating		voluntary
	income				43,589				43,589
	Governance	costs			11,740				11,740
					3,466,853	108,532	95,343		3,668,728
	2019
	Chadtable	activfiles			4,214,177	81,207	41,668		4,337,050
	Costs ofgenerafing		voluntary
	Income				70,921				70,921
	Governance	costs			20,675				20,675
					4,305,773	81,207	41,666		4,428,646

Included	within total exp	enditure:
			2020	201$
			E	E
Audiiors'	remuneration		11,000	10,920
Depreciation oftangible		fixed assets	327,852	31D,3SI

Staff costs	consist cf:	2020	2019
		E	E
Salaries		1,814,211	2,074,190
Social security costs		178,304	189,229
Pension costs		221,197	226,308
Redundancy	costs	29,665
		2,243,377	2,489,727

		2020	201$
		E	E
Market value as at	1 January	243,452	242,602
Interest re-Invested		469	850
Market value at 31	December	E44	243,452
Investments consist ofthe following:
Bank tenn deposits	in excess ofthree months	243,921	243,452

Deblors
				2019
				f
Amounts	due within one year.
Trade debtors			95,139	166,061
Amounts	due from parent charity		5,609,286	5,320,514
Amounts	due from other related charities		24,290	65,237
Amounts	due from employees		10,841	2,704
Loans to	employees	and others		1,763
Prepaid expenses			114,792	130,436
Other debtors			5,658	6,939
			5866,INNI	5688 558

			2020f	2019 f
Amounts	falling due within one year:
Trade creditors			54,925	76,364
Payments	in advance by students		183,549	255,358
Amounts	due to other related entities		61,660	45,338
Amounts	due to employees		2,038	140
Other taxes and social security costs			515	60,700
Accrued	expenses and deferred	income	183.589	188,004
Other amounts payable			73,748	75,383
Agency and trust funds			87,897	102,537
			882,821	868,828

18	Funds analysis				Salance at						Balance st
					1January		gfovement		In Reeoumss		31December
					2020	incoming 8		Outgoing 6		Trsnsfem f	2020 6
	Endowment funds
	Scholamhip endowment			funds	242,199		480				242,679
	Property endowment		funds		2,696,646				(95,343)	'I81,419	2,782,722
	Total endowment	funds			~030.040		4		(95,343)	t81,419	3,025,401
	Restricted funds
	Scholarship				880,369		9,153		(51,741)	(271)	837,510
	Facilities				205,649	28,013			(33,938)	(17,572)	180,152
	Health programmes				36,337						36.337
	Other Restricted	Funds			169,843		21		(20,853)	180,552	329,563
	Total restricted funds				1,292,1					182, 0
	Unmstrtcted funds
	Designated funds
	Property funds:
	Land 8buildings				2,037,068				(80,632)		1,958,436
	Plant 8 Equipment				1,418,490			(151,677)		62,142	1,328,955
	Other designated	funds			441,460		1,210		(19,282)	(298,505)	124,883
					InrlH5r,		210	(84(,30()		~230352)	3 102
	General funds
	General funds Total unrestricted	funds			3,764,801 76)1,01)	3,605,548 L.~L5NL ~50		(3,215,263) (107,764) 63)~0 ~~(3, 0054 (344, 27)			4,047,322 74S7500
	Total funda				m~z, I	.nltuS		~~rn0		~	(rsnnl