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|||Unrestricted<br>funds|Restricted<br>funds|Total<br>2022|Total<br>2021|
|---|---|---|---|---|---|
|INCO$IE AND ENDOWINENTS|FRONI||8|8|2|
|Charitable<br>activities:||||||
|Annual subsaiptions<br>Advancement<br>ofeduca8on forthe||830,391||830,391||
|bsnslit ofthe general public<br>Other trading activities:<br>Commerd el trading<br>operations<br>Investments||17,154<br>1'l5.340<br>'l7,839|2,276,698|2,293,862<br>115,340<br>17,839|979,663<br>81,470<br>10,517|
|Total income||980&734|2,275&698|3,257,432|1,732,494|
|EXPENDITURE ON||||||
|Charitable<br>activities||||||
|Advancement<br>ofeducation<br>for the||||||
|benefit ofthe general public<br>Other tracgng activities:||684,572|2,282,219|2,966,791|1,757,319|
|Commerchtl<br>trading operations||106,487||106,487|84,817|
|Total expenditure||7$1,0592,282,2193,073,278|||1,842,136|
|NET INCOME /(EXPENDITURE)||189,675|(5,521)|184,154|(109,642)|
|Transfers between funds||(5,521)|5,521|||
|OTHER RECOGNI8ED GAINS /(LOSSES)<br>Fair Value Adjustment||160,000||160.000||
|Actuarial gain /(loss) on defined||||||
|benefit scheme||368000||368000|591,000|
|Met movsmsnt<br>ln funds<br>In year||712,'I54||712,154|481,358|
|RECONCILIATION<br>OF FUNDS||||||
|Total funds brou<br>ht forward||925218||926218|443,860|
|TOTAL FUND8 CARRIED<br>FORWARD|15|1,637,372||1,837,372|925,218|





## 

## 

||||||2022|||2021||
|---|---|---|---|---|---|---|---|---|---|
||Note|||6||||||
|FIXEDASSETS||||||||||
|Tangible assets<br>Investment<br>Properly||10<br>11||||316,071<br>275,OOO|||409,724<br>115,000|
|CURRENTASBETS||||||591,071|||524,724|
|Debtom<br>Cash at bank and In hand||13|2|336,948<br>363,899|||194,202<br>1,771,949|||
||||2,700,847||||1,966,151|||
|CREDITORS: amounts|falling dus|||||||||
|within one<br>ar|14||1,654546||||I303657|||
|NETCURRENTASSETS||||||1,046,301|||662,494|
|TOTAL ASSETSLESSCURRENT||LIABILITIES||||1,637,372|||1,187,218|
|Defined pension scheme||||||||||
|Ihrbtl|20||||||||282000|
|TOTAL ASSETB||||||1,637,372|||925,218|
|Represented<br>by:||||||||||
|FUNDS||||||||||
|Unrestricted<br>funds<br>Restricted funds|15<br>15|||||1,637,372|||925,218|
|||||||1,637,372|||925,218|








## 

||||||Note|2022|2021|
|---|---|---|---|---|---|---|---|
|||||||5|6|
|Net cash inflow I(outgow) from operating|||activities:|||595,718|6,357|
|Cash flows from Investing activities:||||||||
|Interest received<br>Capital expenditure||||||975<br>(4,741)|247<br>(1,696)|
|hist cash used in investing|activities|||||(3,766)|(1,451)|
|Change In cash and cash <br>rtin<br>cried|equivalents|In the||||591,952|4,906|
|Cash and cash equivalents<br>re<br>rtln<br>ried|atthe beginning|||ofthe||1~771~947|'I)767~041|
|Cash and cash equivalents<br>period|atthe end|ofthe||reponlng||2,363,89$|1,771,947|





## 

|1<br>Reconciliation ofnst consolidated<br>Incoming <br>cash Inflow from operating<br>activities|resources for the year to net<br>2022|resources for the year to net<br>2022|2021|
|---|---|---|---|
|||6|6|
|Net Income forths year before laxation<br>Depreciation<br>charge<br>Properly<br>Impairment||184,154<br>27,102|('I09,642)<br>29,356|
|(Increase) / Decrease in debtors||71,293||
|(Decrease) / Increase in cmdltors<br>Interest received<br>De0ned benefit pension scheme contributions<br>Defined benefit pension scheme operating cost<br>Net finance expenses from the pension scheme||(142,745)<br>350.889<br>(975)<br>(156,000)<br>259.000<br>3,000|41,576<br>(67,686)<br>(247)<br>(146,000)<br>249,000<br>10,000|
|Net cash ingow/(out8ow)<br>fram operating<br>activiTies||595,718|6,357|
|2<br>Analysis ofchanges<br>In nst fund|At31July<br>2021<br>6|Cash<br>Flows<br>8|At 31July<br>2022f|
|Cash at bank and in hand|1,771,947|591,952|2,363,899|





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## 

|2<br>Charitable<br>Activities - Group|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
|Annual subscriptions:|funds<br>6|funds<br>6|2022<br>6|2021f|
|Genemi subscrlptions<br>EVIIntemationsl<br>subscri ption<br>Sports subscripdon|704,119<br>61,155<br>85,117||704,119<br>61,155<br>66,117|546,818<br>57,518<br>55,508|
|Advancement<br>ofeducation for the|||||
|bsne5t ofthe general public:|||||
|Representational<br>Actin'ties<br>Resesrctvproject<br>Activities<br>Training ActiviDes|5,192<br>11,972|2,276,898|5,192<br>2,288,070|63,347<br>916,316|
||847,555|2,276,698|3,124,253|1,640,507|
|3 Investments<br>-Group|Unrestricted|Restricted|Total|Total|
||funds|funds|2022|2021|
|Bank Interest<br>Rental Income|975<br>10,864||975<br>16,804|247<br>10270|
||17,830||17,839|10,51I7|



## 

|company's<br>gr|oss incom|e snd deficit|fort|he year are ss Follows:-|<br>|.  paren|
|---|---|---|---|---|---|---|
||||||2022|2021|
|Gross Income|||||3,143,060|1,651,003|
|De5dtbefore|actuarial|sins/(losses|on|enslonscheme|353,559|106,314|





## 

## 

## 

|The trading results are shown|below:||2022||2021|
|---|---|---|---|---|---|
||||5||5|
|Turnover||||||
|Cost ofsales|||115,340||81,470|
||||(96,129)||(74,431)|
|Gross proiit<br>Administrative<br>expenses|||19,2'I'I<br>(10,358)||7,039<br>(10,366)|
|Operating<br>pmfit<br>Interest receivable and similar income|||8,853<br>32||(3,347)<br>21|
|(Loss) / Profit on ordinary activities|||8,885||(3.326)|
|Tax on profit on ordinary acfivltles||||||
|(Loss) / Profit for the finsixfsl year|||8,885|-|3.326|
|Retained<br>earnings<br>st beginning|ofyear||12,031||15,357|
|Dividends||||||
||||(8,100)|||
|Retained<br>earnings<br>at end ofyear|||12,816||12,031|
|'Ress results are wholly included|in the consolidated|finandal|statements|||





## 

|Basisof<br>Auocatlon|Representauon<br>6Bu<br>rt|Reseamh 8<br>Dsv, Inc<br>pro acts|Idanagemsnt<br>a<br>Governance|2022|2021|
|---|---|---|---|---|---|
|Costs Directly Aaocsted to Acttvutes||||||
|Educational<br>Advancement<br>Dlmct<br>StsN costs<br>Direct<br>Travel<br>Direct|185<br>378,219<br>2,360|1,835,788<br>479,881<br>3,303|22,030<br>2800|1,835,071<br>880,'t30<br>8,151|669,198<br>909,350<br>1,310|
|SuPPort costs Agocsted to Activities||||||
|Accommodation<br>Staff time<br>Administration<br>6 Bank Charges Staff time<br>Fees end charges<br>Staff time<br>Public affairs and other costs<br>Staff time<br>Depredsllcn<br>Staff time<br>Property<br>Impairment<br>StaN gms|8,443<br>19.544<br>2?„074<br>18,594<br>10,212<br>29,230|11.770<br>22,968<br>31,909<br>14,245<br>40,6$7|541<br>1,054<br>8,430<br>654<br>1,426|20,762<br>4$,568<br>63,213<br>1$,504<br>25,111<br>71,29$|18,006<br>42,464<br>70,820<br>12,012<br>27,151|
|Total Resources<br>ndsd|489,869|2', 507|36,815|2908,791|1,757,318|





## 

|Staffcosts forthe above <br>Wages snd salaries<br>Salaries, Social Security & <br>Pension actuary sdjustmsnt<br>Pension costs|consisted of:<br>Pension costs allocated toprojects|consisted of:<br>Pension costs allocated toprojects|2022f<br>120,307<br>362,369<br>106,000|2021<br>292,520<br>298,506<br>113,000|
|---|---|---|---|---|
|Social security costs<br>Recruitment costs|||155,071<br>57,543<br>30092|148,381<br>58,961|
||||831,382|909,348|
|Emoluments<br>of higher<br>pension contributions):<br>2100,000toKt10,000|paid<br>employees|(excluding|2022|2021|



|||2022|2021|
|---|---|---|---|
|Representation<br>&Support||||
|Research 3 Development,<br>Governance|Inc. Projects|||
|||15||
|8<br>Nst incoming I(outgoing) resources -Group||||
|||2022|2021|
|Net Incoming I(outgoing) <br>after charging l(crediting)|resources sre stated<br> the following:|8||
|Depreciation<br>on owned tangible fixed assets<br>Operating lease rental:||27,102|29,356|
|Land and bufldlngs<br>Audifom' remuneration:||45,250||
|Audit work (group &companies)<br>Non-audit<br>work<br>Le stand<br>rofesskxtalfses||6,750<br>8,167<br>'l2 334|6,750<br>6,167<br>12334|





## 

## 

## 

|Analysis ofpension costs charged tothe 8tstemsnt ofFin|ancial Activities|-Group|
|---|---|---|
||2022|2021|
|Current service char e<br>Total operatln<br>char etoStatement ofFinancial Activities|6<br>259,000<br>259,000|249000<br>249,000|
||2022|2021|
|Interest income on scheme assets<br>Interest e<br>ense on deflnsd bsneflt obli ation<br>Interest cha<br>ed to Statement ofFinancial Activities|6<br>(63,000)<br>66,000<br>3,000|6<br>(42,000)<br>52,000<br>10,000|
|Net cost to Statement ofFinancial Activities|262,000|259,000|



## 

|10<br>Tangible Axed ass|ets -GrouP|||||
|---|---|---|---|---|---|
|Cost|Freehold<br>Property<br>2|Oflice<br>equipment<br>6|Fixtures 6<br>Fittings<br>6|Computer<br>equipment<br>6|Total<br>6|
|At 'I August 2021<br>Additions<br>Dlspcsats<br>Recluse(Tication|686,513<br>(71,293)|75,779<br>162<br>(2,036)|94,285|81,847<br>4,579<br>(717)|938,424<br>4,741<br>(2,753)<br>(71,293)|
|At 31July 2022|615,220|73,905|94,285|85,709|869,119|
|Depreciation||||||
|At 1August 2021<br>Cheque for the year<br>Disposals<br>RedassiTicaiion|304,906<br>10,314|68,738<br>6,256<br>(2,036)|88,690<br>1,094|66,365<br>9,438<br>(717)|528,699<br>27,102<br>(2,753)|
|At 31July 2022|315,220|72,958|89,784|75,086|553,048|
|Net book value||||||
|At31July2022|300,000|947|4,501|10,823|316,071|
|At 31July 2021|381,606|7,041|5,595|15,482|409,724|





## 

|10<br>Tangible fixed assets -Company|10<br>Tangible fixed assets -Company|||||
|---|---|---|---|---|---|
|Cost|Freehold<br>Propertyf|Otgce<br>equipmentf|Fixtures S<br>Fittingsf|Computer<br>equipmentf|Totalf|
|At 1 August 2021<br>Additions<br>Disposals<br>Impairment|886,513<br>P1,293)|59,025<br>162<br>(1,998)|63,051|65,375<br>4,213<br>(495)|874,964<br>4,375<br>(2,493)|
|At 31July 2022|615,220|57,189|63,051|70,093|(71,293)<br>805,553|
|Depreciation||||||
|At 1 August 2021<br>Charge for ihe year<br>Disposals<br>RsclassEcstion|304,906<br>10,314|52,893<br>5,370<br>(1,998)|57,534<br>1,072|52,735<br>8,355<br>(495)|468,068<br>25,1'l1<br>(2,493)|
|At 31July 2022|315,220|56,265|58,606|60,595|490,686|
|Net book value||||||
|At3f July 2022|300,000|924|4,445|9,498|314,867|
|At 31 July 2021|381,607|8,132|5.517|13,640|406,896|
|11 Investment<br>Property - Group<br>FAIR VALUE||||2022<br>f|2021|
|At 1August 2021||||||
|Fair value sdjustmsnt||||115,000|115000|
|||||160,000||
|At 31July 2022||||||
|||||215DDD|110DDD,|



## 



|12|Fixed|asset investments|-Company|Company|Company|
|---|---|---|---|---|---|
|||||2022|2021|
|Investmsnt||In subsidiary||100||



|13<br>Debtors<br>Amounts<br>falling dus within one year|13<br>Debtors<br>Amounts<br>falling dus within one year|Group<br>2022<br>5|Company<br>2022<br>8|Group<br>2021<br>8|Company<br>2021f|
|---|---|---|---|---|---|
|Trade debtors<br>Accrued income<br>Amounts<br>dus from subsidiary<br>Prepayments|undertaking|18,047<br>276,01'I<br>42,090|847<br>271,012<br>377,765<br>3&,177|2,542<br>163,980<br>27,?00|2,542<br>156,'I'l9<br>15,595<br>20,507|
|||336,048|684,801|194,202|194,763|
|itors: amou|ng due|||||
|within one year<br>Trade creditors<br>Accruais<br>Deferred Income<br>Other taxation and social security||Group<br>2022<br>5<br>219,028<br>868,429<br>742,751<br>23,538|Company<br>2022<br>8<br>219,327<br>656,011<br>730,188<br>20,609|Gmup<br>2021<br>63,438<br>160,674<br>1,071,785<br>tTI760|Company<br>2021f<br>52,794<br>154,445<br>1,065,022<br>19,717|
|||1,654,546|1,620,135|1,303,657|1291,978|





## 

|15<br>Funds - Group<br>Unrestrlcled<br>funds|At01.08.21<br>6|Incoming<br>resources||Resoumes<br>expended|Transfer<br>between<br>fund|Other<br>recognised<br>gain/loss|At31.07.22<br>f|
|---|---|---|---|---|---|---|---|
|GeneralFund<br>Capllal Asset Reserve<br>Critical / Closure costs<br>Strategic reserve<br>Capital Spend Reserve|100,492<br>524.728<br>240,000<br>40,000<br>20,000|980.734||(892,664)<br>(98,395)|(10,262)<br>4,741|368,000<br>160,000|748,300<br>591,072<br>240,000<br>40,000<br>20,000|
||925,218|980,734||(791,059)|(5,521)|528,000|1,637,372|
|Restricted funds||||||||
|Pro)ect Activities||2,276,698||(2,282,219)|5,521|||
|TOTALFUNDS|925,218|3,257,432||3,073,278||528,000|1,637,372|
|The restricted funds received during||the year|ware as follows:|||||
||||||Transfer from|||
||Opening<br>balance<br>6|Income<br>6||Expenditure<br>6|unrestricted<br>funds|Closing<br>balance<br>6||
|Erasmus +Migrant Sport<br>Erasmus +Staff2019<br>ILS<br>ALN - Advisor<br>ALN - Advisor<br>Active WeQbelng<br>Active Wsilbeing<br>Sport<br>Spelt<br>SPW WOW<br>WG WOW<br>WG SOF<br>Cymmeg<br>Gwdth<br>Welsh/Cymrseg<br>Gwailh<br>Turing<br>Transitkms<br>(TIP)<br>Erasmus + Learner 2019<br>Workload<br>Workload<br>BFL<br>Governance<br>KTS<br>Erasmus+ Staff20<br>EQF Workplan<br>Erasmus + Learner 2020||299<br>21,030<br>21,984<br>147,177<br>28,628<br>45,000<br>6427<br>44,954<br>103,569<br>226,100<br>30,000<br>12,833<br>251,639<br>118,894<br>466,025<br>18,933<br>316.793<br>337,428<br>6,161<br>25,000<br>19,500<br>30,000||22,572<br>21,984<br>147,177<br>28,628<br>45,000<br>6,227<br>44,954<br>103,569<br>226,100<br>30,000<br>12,833<br>251,539<br>116,694<br>468,025<br>18,933<br>316,793<br>337,428<br>6,151<br>26,323<br>'l9,538<br>30,000<br>1,291<br>834<br>1.626|(299)<br>1.542<br>1,323<br>38<br>1,291|||
||2,276,698|||2,282,219|5,521|||





## 

## 

|15<br>Funds - Con't||FOR THE|YEAR ENDED 31|JULY2022|||
|---|---|---|---|---|---|---|
|Funds<br>-Charity|||||||
|Unrestricted<br>funds|At01.08.21<br>8|Incoming<br>resources|Resources<br>expended|Transfer<br>between<br>fund|Giber<br>Recognised<br>Gain/Loss|At31.07.22<br>8|
|General Fund<br>Capllal Asset Reserve<br>Critical / Closure costs<br>Strategic reserve<br>Future Capital Reserve|91,295<br>521,896<br>240,000<br>40,000<br>20,000|873,462|(588,171)<br>(96,404)|(9,896)<br>4,375|368,000<br>160,000|734,690<br>589,867<br>240,000<br>40,000<br>20,000|
||913,191|873,462|(684,575)|(5,521)|528,000|1,624,557|
|Restricted funds|||||||
|Research/Pro)ect<br>ActlvEss||2,276,698|(2,282.219)|5,521|||
|TOTAL FUNDS|913,191|3150,160|2966,794||528,000|1,624,557|



|The restricted|funds mcel|vsd during t|he year wem|as follows:|||||
|---|---|---|---|---|---|---|---|---|
||||||Transfer to|/ from|||
|||Opening<br>balance|Income|Expenditure|unrestricted<br>funds|||Closing<br>balance|
|||8|6|6|6|||8|
|Erasmus +Mtgrent Sport<br>Erasmus<br>+Staff2019<br>ILS|||299<br>21,030<br>21,984|22,572<br>21,984||(299)<br>1,542|||
|ALN - Advisor|||147,177|147,177|||||
|ALN - Advisor|||28,628|28,628|||||
|Active Wsllbeing|||45,000|45,000|||||
|Active Wegbslng<br>Sport|||6,227<br>44,954|6,227<br>44,954|||||
|Sport<br>SPW WOW|||103,569<br>226,100|103,569<br>226,100|||||
|WG WOW<br>WG SOF|||30,000<br>12,833|30,000<br>12,833|||||
|Cymraeg<br>Gwsith|||25'l,539|251,539|||||
|Welsh/Cymraeg|Gwsilh||116,694|116,694|||||
|Turing|||466,025|466,025|||||
|TransNons<br>(TIP)<br>Erasmus+<br>Learner 2019|||18,933<br>318,793|18,933<br>316,793|||||
|Workload|||337,428|337,428|||||
|Workload<br>BFL<br>Governance<br>KTS<br>Erasmus +Staf20<br>EQF Workplsn|||6,151<br>25,000<br>19,500<br>30,000|6,151<br>26,323<br>19,538<br>30,000<br>1,291<br>834||1,323<br>38<br>1,291|||
|Erasmus + Learner 2020||||1,626||1,626|||
||||2,276,698|2282,219||5|521||





## 

## 

## 

|Unrestdctsd<br>funds|At01.08.20<br>6|Incoming<br>resouf'css|Resources<br>expended|Transfer<br>between<br>fund|Other<br>Recognised<br>Gain/Loss|At 31.07.21<br>f|
|---|---|---|---|---|---|---|
|General Fund<br>Capital Asset Reserve<br>Strategic reserve<br>Capital Spend Reserve<br>International<br>Curriculum<br>Dsvelo<br>ment|98,397<br>45,463<br>240,000<br>40,000<br>20,000|835,626<br>-|(903,622)<br>(29,356)|(520,909)<br>508,619|591,000|100,492<br>524,726<br>240,000<br>40,000<br>20,000|
||443,850|835,628|(932,978)|(12,290)|591,000|925,218|
|Restricted funds|||||||
|Research/Project<br>ActiviTie.||896,888|(909,158)|12,290|||
|TOTAL FUNDS|443860|1 732,494|1842,136||591,000|925218|
|The restricted funds received during the year were|||as follows:||||
||||Transfer from||||
||Opening<br>balance<br>6|Income<br>6<br>Expenditure<br>6||unrestricted<br>funds<br>8|Closing<br>balance<br>6||
|Erasmus<br>+Migrant Sport<br>VocTech<br>EQAVET Rsshlcted<br>Call 3<br>Erasmus +Staff2019<br>ILS<br>ARAD<br>ALN Advisor<br>Construction<br>Sport<br>Erasmus +Staff18<br>Welsh<br>Flexible Adult Learning<br>Transitions<br>(TIP)<br>Erasmus +Learner 18<br>HSC<br>ECVET<br>KA2<br>Erasmus+ Leamer2019<br>Workload<br>EQF Workplan||5,719<br>9,625<br>38,809<br>12,840<br>2,156<br>144,778<br>219<br>148,840<br>76<br>373,300<br>83,717<br>1,067<br>4,946<br>1,470<br>2,757<br>2,545<br>32,546<br>3'I,458|9,625<br>44,818<br>109<br>13,103<br>2,156<br>'l44,947<br>219<br>148,840<br>933<br>373,300<br>85,534<br>1,067<br>3,789<br>1,470<br>2,929<br>2,545<br>525<br>32,546<br>40.703|(5,719)<br>6.009<br>109<br>263<br>857<br>1,817<br>(1,157)<br>172<br>525<br>9,245|||
|||896,868|909,158|12,290|||





|Unrestricted<br>funds|At 01.08.20<br>8|Incoming<br>resources|Resources<br>expended|Transfer<br>between<br>fund|Other<br>Recognised<br>GainlLoss|At31.07.22<br>8|
|---|---|---|---|---|---|---|
|General Fund<br>Capital Asset Reserve<br>Critical IClosure costs<br>Strategic Reserve<br>Cs ital S<br>nd Reserve|98,397<br>45,463<br>240,000<br>40,000<br>20,000<br>443,860|1,8'i6,360<br>1,816,360|(1,596,286)<br>(127,751)<br>(1,724,037)|(531,171)<br>513,360<br>(17,811)|959,000<br>160,000<br>1,119,000|746,300<br>591,072<br>240,000<br>40,000<br>20,000<br>1,637,372|
|Restricted funds|||||||
|Research/Project<br>Activities||3,173,566|(3,191,377)|17,811|||
|TOTAL FUNDS|443,860|4,989,926|4,915,4'l4||1,119,000|1,637,372|








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## 

||Note|Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|2021|
|INCOME AND ENDOWMENTS|FROM|||2|
|Donations<br>snd legacies|||||
|Charitable<br>actlvltlasi|||||
|Annual subsciiptlons<br>Advancement<br>ofeducation<br>forthe||660,844||660,844|
|benefit ofthe general public<br>Other trading acthdtlssi||82,795|896,868|979,683|
|Commsrdal<br>trading operations<br>Investments||81,470<br>10,517||81,470<br>10,517|
|Total income||835,626|896,888|1,732,494|
|EXPENDITURE ON|||||
|Charitable<br>activities|||||
|Advancement<br>ofeducation for the|||||
|benelit ofthe general public<br>Other trading activities:||848,161|909,158|1,757,319|
|Commercial<br>trading operations||84,817||84,817|
|Total expenditure||932,97S|909,158|1,842,136|
|NET INCOME I(EXPENDITURE)||(97,352)|(12,290)|(109,642)|
|Transfers between funds||(12,290)|12,290||
|OTHER RECOGNISED GAINS I(LOSSE8)|||||
|Fair Value Adjustment|||||
|Actuanal gain on defined beneiit|||||
|sch8llls||591000||591000|
|Net movement<br>In funds In year||481,358||481&358|
|RECONCILIATION<br>OF FUNDS|||||
|Total funda brou<br>ht fonuard||443860||443860|
|TOTAL FUNDS CARRIED<br>FORWARD||825,21S||925,218|





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|Asset allocation||||
|---|---|---|---|
|||Value at|Value at|
|||31July 2022|31 July 2021|
|||6M|5M|
|Equltiss<br>Properly<br>Government<br>bonds<br>Corporate bonds<br>Mugi Asset Credit<br>Cash<br>Ogter<br>Total||67.2%<br>7.5%<br>9.0%<br>8.0%<br>5.6%<br>2.7%<br>0.0%<br>100.0%|66.5%<br>66%<br>10.1%<br>152%<br>0.0%<br>1.6%<br>0.0%<br>100.0%|
|Reconciliation offunded status to balance sheet||||
|||Value at|Value at|
|||31July 2022|31July 2021|
|||SM|2M|
|Fair value offund assets<br>Present value ofliabgities||3.674<br>2.962|3.652<br>(3.914)|
|Funded status||0.712|(0262)|
|Unrscognised<br>asset<br>Pension sassy(liability)|recognised on|(0.712)|0.000|
|the Balance Sheet||||
|||0.000|(0.262)|





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|Amounts<br>reocgnlsed|In Income Statement|Year ending<br>31July 2022|Year ending<br>31July 2021|
|---|---|---|---|
|||(EM)|(EM)|
|Operadng<br>Cost||||
|Cunsnt service costs<br>Pest service costs<br>Curtailment<br>cost<br>Setdement cost<br>Financing Cost||0.259<br>0.000<br>0.000<br>0.000|0.249<br>0.000<br>0.000<br>0.000|
|Intemst cos'Is<br>Expense recognised|in Profit and Loss|0.003<br>0.262|0.010<br>0.259|



|Changes to ths present value of liablgtiea<br>year|during|the|||
|---|---|---|---|---|
||||Year ending<br>31July2022|Year ending<br>31July 2021|
||||(RM)|(SM)|
|Opening present value of liabilities<br>Cunsnt service cost<br>Interest cost<br>Contrfbutions<br>by par0cipants<br>Actuadal (gains)ilossss<br>on llabili5ss '<br>Nst benefits paid out0<br>Past service cost<br>Nst increase in liabilities<br>from dispossls<br>and acquisitions<br>Curtallmsnts<br>Setdemsnts<br>Closln<br>present value ofIlabgitiss|||3.914<br>0.259<br>0.060<br>0.040<br>(1231)<br>(0.050)<br>0.000<br>0.000<br>0.000<br>0.000<br>2.962|3.721<br>0.249<br>0.052<br>0.030<br>(0.0600)<br>(0.087)<br>0.000<br>0.000<br>0.000<br>0.000<br>3.914|





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|Changes tothe fair value of|assets during the year|Year ending|Year ending|
|---|---|---|---|
|||31July 2022|31July2021|
|||gilt|t3I|
|Opening<br>fair value ofassets<br>Interel income on assets<br>Remeasurement<br>gains/(losses)<br>on assets<br>Contribugon<br>by the employer<br>Conuibution<br>by partldpants<br>Nst benefits paid out8<br>Net Increase<br>in assets from dispcsals||3.652<br>0.063<br>(0.1510)<br>0.156<br>0.040<br>(0.086)|2.981<br>0.042<br>0.53<br>0.146<br>0.039<br>(0.087)|
|and acquisitions<br>Setgemsnts<br>Closln<br>fair value ofassets||0.000<br>0.000<br>3.674|0.000<br>0.000<br>3.652|



|Actual return on assets|Yearending|Year ending|
|---|---|---|
||31July 2022|31July 2021|
||5M|2M|
|Interest income on assets<br>Gain/ Loss on assets<br>Actual mtum on assets|0.083<br>0.151<br>0.688|0.042<br>0.531<br>0.573|



|Analysis ofamount <br>Income|mcognlsed|ln Other Comprehensive|Year ending<br>31July 2022|Year ending<br>31July 2021|
|---|---|---|---|---|
||||5M|2M|
|Asset gainsl(losses)<br>arising during the period<br>Lisb8ity galnslgosses)<br>arising during the pedod<br>Unre<br>nised Pension Asset<br>Total loss<br>in OCI|||(0.151)<br>1231<br>0.712<br>0.368|0.531<br>0.060<br>0.591|





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## 

|Income Invoiced to Colleges<br>during the year||||||||
|---|---|---|---|---|---|---|---|
||Suba|Sport|EU/Int|Dev|Projects|Other|Total|
|Bridgend College<br>Cardiff end Vakr College<br>Coleg SirGar and Coleg Cersdigion<br>Coleg Gwent<br>Coleg y Cymoedd<br>Coleg Cambda<br>Gower College Swansea<br>Grwp Llandrillo<br>Msnai<br>The College Merlhyr<br>Tydfil Ltd.<br>NPTC Group ofColleges<br>PembrokssMre<br>College<br>Adult Learning Wales<br>St David's Catholic College|44,768<br>46,066<br>46,066<br>46,066<br>46,066<br>46,066<br>46,086<br>46,066<br>28,049<br>46,066<br>32,229<br>14,472<br>17,259|5,465<br>5,465<br>5,465<br>5,465<br>5,465<br>5,465<br>5,465<br>5.465<br>5,465<br>5,465<br>5,465<br>1,040|5,009<br>5,009<br>5,009<br>5,009<br>5,009<br>5,009<br>5,009<br>5,009<br>5,009<br>5,009<br>5,009<br>5.009<br>5,009|22,372<br>26,584<br>20,750<br>30,989<br>38,810<br>53,702||209<br>400<br>309<br>909<br>594<br>209<br>200<br>309<br>200<br>200<br>209|55,451<br>79,312<br>56,849<br>57,449<br>57,134<br>83,333<br>77,490<br>87,838<br>38,723<br>95,550<br>96,614<br>19,481<br>23,408|
|Total|505,305|61,'I55|65,'l17|'l93,207||3,848|828,632|



||Catering f<br>Accom.|Other|Projects|Other|Total|
|---|---|---|---|---|---|
|Bridgend College<br>Cardiff and Vale College<br>Coleg SirGar and Coleg Cerediglon<br>Coleg Gwent|8||88,375<br>165,171<br>255,721||68,375<br>165,171<br>255,721|
|Coleg y Cymoedd<br>Coleg Cambric|||71,437<br>76.828||71,437<br>76,828|
|Gower College Swansea<br>Grwp Llandrlllo<br>Menai|||92,850<br>91,400||91,400|
|Ths College Merthyr<br>Tydfil Ltd.<br>NPTC Group ofColleges<br>Psmbrokeahire<br>College<br>St David's Catholic Sixth Form Colkrgs *<br>Adult Learning Wales|||109,783<br>54,964<br>71,440<br>61.516<br>32,391<br>22,251||109,783<br>54,964<br>71,440<br>61,516<br>32,391<br>22,251|
|Total||||||
||||1,194,127|~|1,194,127|





## 

|22<br>Related party trans|actions<br>-(Con't)|
|---|---|
|The following amounts|were receivable from Colleges at 31July 2022:|
||6|
|Cardiff and Vale College|47|
|Coleg Gwsnt|600|
|Gower College Swansea|200|
|Total||



|Bridgend College|500|
|---|---|
|Cardilf and Vale College|66,750|
|Coleg yCymosdd|5,000|
|Coieg Sir Gar and Coleg Ceredigion|102,752|
|Gower College Swansea|4,500|
|NPTC Group|6,000|
|Total|185,502|