##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
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##
##
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
|||Notes|2020
6|2020
6|2020
6|2019f|2019
8|2019|
|Donations
and legacies|||143,146|36,282|179,428|164,382|10,340|174,722|
|Charitable
activities|||163,933||163,933|318,988||318,988|
|Investments|||22,842||22,842|23,821||23,821|
|Other income|||948||948|2,366||2,366|
|Total income|||330,869|36,282|367,151|509,557|10,340|519,897|
|Raising funds|||5,758||5,758|3,672||3,672|
|Charitable
activities|||417,873|9,256|427,129|649,475|29,859|679,334|
|Total resources|||||||||
|expended|||423,631|9,256|432,887|653,147|29,859|683,006|
|Net (expenditure)/income|||||||||
|for the year/|||||||||
|Net (outgoing)/incoming|||||||||
|resources|||(92,762)|27,026|(65,736)|(143,590)|(19,519)|(183,109)|
|Other recognised|gains|and|losses||||||
|Other gains or losses||10|||44|(131)||(131)|
|Net movement
in funds|||(92,718)|27,026|(65,692)|(143,721)|(19,519)|(163,240)|
|Fund balances at 1|||||||||
|January 2020|||153,391|30,867|184,258|297,112|50,386|347,498|
|Fund balances at|31||||||||
|December 2020|||60,673|57,893|118,566|153,391|30,887|184,258|
##
##
|||||2020||2019||
|---|---|---|---|---|---|---|---|
||||Notes|6||6||
|Fixed assets||||||||
|Tangible assets|||||||28,367|
|Current assets||||||||
|Debtors||||100,986||51,558||
|Cash at bank and|in|hand||33,760||123,326||
|||||134,746||174,884||
|Creditors: amounts||falling due within||||||
|one year|||14|(16,180)||(18,993)||
|Net current assets|||||118,566||155,891|
|Total assets less|current liabilities||||118,566||184,258|
|Income funds||||||||
|Restricted funds|||15||57,893||30,867|
|Unrestricted
funds|||||60,673||153,391|
||||||118,566||184,258|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2020|2019|
|Donations|and gifts|69,405|36,282|105,687|174,722|
|Legacies|receivable|73,741||73,741||
|||143,146|36,282|179,428|174,722|
|For the year ended 31December 2019||164,382|10,340||174,722|
##
|||2020
5|2019f|
|---|---|---|---|
|Student fees||140,696|315,922|
|Services provided|under contract|1,621|3,086|
|Covid 19support||21,616||
|||163,933|318,988|
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2020|2019|
|||5|5|
|Rental|income|22,500|23,760|
|Interest|receivable|342|61|
|||22,842|23,821|
##
##
##
|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2020|2019|
||||||8|
|n r||||||
|Other fundraising||costs||5,758|3,672|
|||||5,758|3,672|
|Charitable
activities||||||
|||||2020|2019|
|||||8|6|
|Staff costs||||234,901|350,289|
|Library books and||tapes||14,150|27,504|
|Bursary||||6,756|29,859|
|Catering|provisions|||838|13,285|
|Consultancy
fees||||3,800||
|Validation|expenses|||25,156|33,594|
|Staff and|student
development|||1,144|2,642|
|Lecturers'|outsourced||expenses|27,215|13,787|
|Travelling|expenses|||1,586|17,457|
|||||315,546|488,417|
|Share of|support costs (see note 8)|||102,916|186,093|
|Share of|governance||costs (see note 8)|8,667|4,824|
|||||427,129|679,334|
|Analysis|by fund|||||
|Unrestricted
funds||||417,873||
|Restricted|funds|||9,256||
|||||427,129||
|Forthe year ended 31 December 2019||||||
|Unrestricted
funds|||||649,475|
|Restricted|funds||||29,859|
||||||679,334|
##
##
##
|8|Support costs|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Support|Governance|2020|2019|Basis of||
|||||costs|costs|||allocation||
|||||6|6|||||
||Staif casts||||263|263|486|allocated|on time|
||Depreciation
and|loss on||||||allocated|on time|
||disposal|||28,367||28,367|12,086|||
||Heat, light and cleaning|||2,986||2,986|10,839|allocated|on time|
||Rent and rates|||28,355||28,355|99,760|allocated|on time|
||Insurance|||4,516||4,516|6,348|allocated|on time|
||Repairs and renewals|||6,558||6,558|2,232|allocated|on time|
||Legal and professional||fees|1,712||1,712|5,498|allocated|on time|
||Telephone|||2,157||2,157|3,668|allocated|on time|
||Printing,
stationery|and|postage|83||83|1,011|allocated|on time|
||Bad debt expense|||12||12|3|allocated|on time|
||ITmaintenance|||10,964||10,964|22,737|allocated|on time|
||Office equipment|||13,513||13,513|17,585|allocated|on time|
||Subscriptions
and|donations||2,675||2,675|3,745|allocated|an time|
||Bank charges and|interest||1,018||1,018|581|allocated|on time|
||Legal and professional||||3,195|3,195|-|Governance||
||Accountancy||||2,873|2,873|2,000|Governance||
||Trustees meetings||||336|336|798|Governance||
||Independent
examiners||fees||2,000|2,000|1,540|Governance||
|||||102,916|8,667|111,583|190,917|||
##
##
##
##
|Number ofe
The average|mployees
monthly
number ofemployees
during|the year was:||
|---|---|---|---|
|||2020|2019|
|||Number|Number|
|Academic||6'||
|Other||4||
|||10|14|
|Employment|costs|2020|2019|
|||6|6|
|Wages and salaries||189,322|322,412|
|Redundancy|costs|28,047||
|Other pension costs||17,795|28,363|
|||235,164|350,775|
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2020|2019|
||||8|6|
|Foreign|exchange|gains|44|(131)|
##
##
##
|11|Tangible fixed assets|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|---|---|
||||||||Fixtures, fittings a equipment||
|||||||||8|
||At 1 January 2020|||||||80,604|
||Disposals|||||||(80,604)|
||At 1 January 2020|||||||52,237|
||Depreciation
charged||in the|year||||11,860|
||Eliminated
in respect ofdisposals|||||||(64,097)|
||Carrying
amount||||||||
||At 31 December|2020|||||||
||At 31 December|2019||||||28,367|
|12|Financial
instruments||||||2020|2019|
||||||||K|6|
||Carrying
amount|offinancial|||assets||||
||Debt instruments|measured||at|amortised|cost|23,253|24,708|
||Carrying
amount|offinancial|||liabilities||||
||Measured
at amortised||cost||||6,013|10,239|
|13|Debtors||||||||
||||||||2020|2019|
||Amounts
falling|due within||one year:||||8|
||Trade debtors||||||22,390|24,471|
||Other debtors||||||863|238|
||Prepayments
and|accrued income|||||77,733|26,849|
||||||||100,988|51,558|
##
##
##
##
||||Movement|in funds|||Movement|in funds||
|---|---|---|---|---|---|---|---|---|---|
|||Balance at
1January 2010|Incoming
resources|Resources
expended1|Balance at
January
2020||Incoming
reaouroea|Resources
expended|Balance at
$1 December
2020|
||||||||||6|
|Excellence|in|||||||||
|Mission||48,850|10,340|(29,859)|29,331||5,975|(6,756)|28,550|
|Bible and||||||||||
|Mission||750||||750|||750|
|Erasmus||786||||786|||786|
|CPD||||||||||
|Conversion|||||||27,807||27,807|
|Staff reward||||||||||
|for service|||||||2,500|(2,500)||
|||50,386|10,340|(29,859)|30,867||36,282|(9,256)|57,893|
##
##
|16|Analysis of|net assets between funds||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||Funds
8|Fundsf||
||Fund balances at 31 December 2020 are|||||
||represented|by:||||
||Current assets/(liabilities)||60,673|57,893|118,566|
||||60,673|57,893|118,566|
##
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