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|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|
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|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|
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|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|
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|||||||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||
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|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|
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|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|
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