Registered Company Number. 03387540 QUEEN ALEXANDRA COLLEGE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 •AL*xLX49E¥ 1310412024 COMPANIES HOUSE A7 #75 coNTE￿rS Chairfs Intrc#Juctory St*enwt Rep)rt oftrte GcNemors ALxlitorfs Ret*yl 18 Cortsc4id8￿j statem￿ of FinarKd ALtNites ar¥J Irm aTrJ EwMlitureAcc(wnt 21 College Statement of ar￿ Inccff£ E￿￿)￿lure A£wJ cOr￿￿1a￿d Bakrts Sheet College Bala￿e Sheet 24 Consdidated Cash Fkxi Ststement Notes ￿ Ihe Finanad S￿ernents QUEEN ALEXANDRA c(￿LEGE CHAIR'S IPffiiOWCTORY STATEMEKr During the 2022r23 finar￿￿1 y. OLrcrAlecb¥e thlc*ts *ere dirthd aSJresgr*J i55LW Klentifigj by Otsled aThJ we made svjnfficarrt steps fcfiyard. De5Prte marojirvj extremetytbJhl I￿get5 ffin￿al pressures, we expanded t1￿ benth.ng students and dÈnts aldJe in kr￿￿￿, skils and C0nfvJen￿, we %%we thrilled to S￿ students wforn a BOlY￿ dance durirg the opening cererrK)ny ofthe Intemat￿naI BlirKI SFYJIS FederalKffl Wcrtd G￿eS A gwl many of the CPF¥>tLtnitRs th* rdy on ￿ SUFPJtof wJlurrtew5 ar¥J e>lemal pathers and o 9mga9￿enI with these C￿￿nl￿d lo te a streryth a￿1 grateful lothem. Residential SeNres The increase in the nunLwof resprte ￿ filbj relk¢ted the dem*KI fLYthi8 Ser¥￿e orE of tsJcliallenges is increasing our iesdential S￿ lo meel this. I￿lepeThIen￿ Plus ￿tinUed to offerthe main r(xrte for resSiC￿ frorn sludenl accommc*Jth"M to Ir¥￿[￿d￿lt IMrwJ aThY p*es iThyeased frrm 30 to 32. We ccfflts.nue to see young peopfe successlulty transrthjn (Mjt ol Indepw)dence Aus into th￿'r￿n Xc(m￿atr)n. whth is a gr& sU￿e$S fortr￿ ywThJ Fwle who have pwres5& thrwhc¥Jt tlwtimewrth us. Clynmunty SeThres c￿MUnty Services established to pl￿nCle ccth"nu&J engage￿1 Off0￿er students and thers liwng wth dtsab11it￿ wth CArtre￿h aThJ a perscytal assBtanl IPA) ser¥Ke. OFeratirg from a small base * Um￿r$L?de campus ar*J from ￿Jr larger Ccrfnmunty HUB, n excess 0160 dwts ￿nefftled during the year frcyn a raroe of QAC Entews Lvnit8d Our subsidiary cojnpanycontributed £185.835 to ts Cdlege, ear￿1 Ihrough Ihe AJI Fofft￿ts business, Cane sales d SKJht VIlLgye exhbrtThts. Al Fcffiiats has cperaled frcffl rts and S&U￿ premtses aji￿ntt0 tre c￿￿ge Sin￿ February 2023 and revenue increased by 22%. achwrvJ the hqhest revenue to date. Wrth rts rEw prernises offering the eharte to grow the tsjsiness. this success wdl increase (Xlr apFtal approaching p¢xent￿ new euston*rs and SLWJrt grcNAh in line wrth stratajy. s￿ht￿lIage enjoyed arv)ther successful sEar. ft￿r exhtmtws in ETrJknd arKI wa￿ ar¥J bringing 2,693 arKI parbaly sb3htgJ Fec* lts3th wovthrs clthe ￿ 1&h￿, and SLWMt awkble lo In summary, the sear presatted a ￿thallen￿ arNJ rthvwds. bLA Wt us thtll lo on new organtsalN)nal str*egy, takir#J us upto 2027. As ever, I must finish by expressiThJ my 9￿￿tude not onty to myfelkyw gr￿*m¢%5 fortha"r supp)rt and conlr*)ution to ihe College thrcAJgh¢)Jt the but. pnmarty. tothe ￿aff, *¥k tre• in their efforts to impm the lives ofthe young people in ￿jrCare. lan Richards Chair of GoVer￿rS 18 March 2024 QUEEN ALEXANDRA COLLEGE REPORT OF THE GOVERNORS The Govemots, vknL> are also ￿ Trustees. wesent their Iwt •d the slatements cl Queen Aknndra College {the'Cclege' orts'C￿n￿yj ftjr the searended 31 JLty 2023. CONSTITUTION AND PRINCIPAL ACTMTIES Queen Alexandra Cc4kge IQACI is a SFeoalL8t Cc41* for y¢w •)d wAth (lis4yMw. The ¢cYnpany r6 lThrted by gu￿1* aThJ has M) share capital. Tr 5*"1ty of rn￿rthr shal not eXc￿d £1. The ccynpany was incryjrated on 17 June 1￿7 IC(ympany No.. 033875401 and Ls go￿￿1 by its V*morandum an(1 Artic*5 of Asscciatth, as anendwj by speoal resolutKNlS daed 29 sept￿￿[ 1997. 13 Juty 1998 and 6 December 1999. The Company is a r83iStered charty, number 1C65794. Colkge was part of BirminglHm Royal Insbluts￿ the BliTrY {BRIB) until 31 D￿￿nber 1997 when rts OFerabons transferred to a separ*e wnpany. Principal Connected a￿ as fobM.' 8irniingham Royal Institution forthe Blind {BRIBI Bimingham Royal lnstitijlx￿ f￿the Blind vwns ts man ¢anpus E￿iSeS by the Colty. They ch¥ge rent for vse of the pranises and m*e grants lo suwyi the cl the Cc45ege. ￿ main grant lo the College of £736,947 12022," £584,320} is gwi lo cover ts rent ch¥pJ in resFect of the COl￿e main premises in accUdan￿Wrth an agreement dated 31 DecgnlH 1937. In additiyi. B￿B gave grarrts wth a combined value of£160,430 {2022'. £80.392} tofuThS campus Thprcwements ar¥J lo purchase a minknus for community serv￿. The Cclege prowjes a￿￿ntIr￿j serV￿eS to 8RIB under a serwce ￿Ve1 4reement. The BRIB Board L8 made up of nine Govemors, three clwhom are appointed by Fcu5 Blmingh￿. three by Queen Alexatxlfa Cdlege and three bythe mters of BRIB. The Cdlege t5 very gratefvl to BRIB ts ts ccM)ti)u&4 SUPFQrt and hdp, esFeckally over the last year. Focus Birn)ingham F￿uS Bimiingham was also part of BRIB uth"131 1997when it t￿e a separate charityto provth and promcle serwces lo blirKI aThJ parbaly styjhted Fe)F4e n Ihe ccfnmunty.11 lo) has been granted a brKJ kase by BR18 on part of ts Hartr¥)me srte. beneffts frcrfn furKlirg ccffrwntrnents made by BRI8 and. l(yJether wrth QAC, appc4.nls thw Govemors lo BRIB Board (see a￿1. The Cd*e prO￿deS a contr&ted mantenance service to Fc￿S Binningham. RE ERVE The Cdlege has unrestrbled fuThJs and a number of luThJs. unrestrtted funds In￿de ￿mulated REPORT OF THE GOVERNORS GOVERNORS The administrath?n ofthe Col*ge Is dteded by a P￿Id ￿G￿r￿)IS Iw1￿8￿ Tru&*s of tre chty arml directc ofthe Company) and tFb)se hebj off￿e during the ￿r. ar*J tothe date ofthis rwr( were." - I￿ Rthards IChar} RosemaryAdams Mark Bxhe (Resigned 25.10.221 Simon 8L7y IResKJned 6.11.231 Gareha OrAnneGr Or Ewan Hamnett Khalid Javaid (Resigned VJ.C6.231 Bevedey Jesscp" Naresh Kum Akx l￿le {ReSw￿d 26.05.23) - Arn￿da MeGeew (Wte Chair) Lorraine Moses-ccF￿nan {Resuned 12 05 231 Pavan P*d IWinbJ 24.10.23) DrA Jul* Regj Jerwnywcoj IApF(Jinted 4.12.23) Gove￿¥?15 ha￿ no benefickil interest in the Cc4bF and al y￿h￿l r￿U￿at￿￿. wth the excepts'on of the three Staff g¢)vemors I" at*Jvel. Tw) ofll* GI)￿r￿*S {- *rnl a￿ currvrtjy ncYnin*ed bythe Col*e to the BRI8 Board, whith cornprises nine GownNs in l(Aal. Insurance is purchawy to protec# Cc41ege fr￿n k6ses ¥i￿n9 frcrfn neglect or defautt of its GovemcKs. offiws and empl¢)yees. and to iThJemnfy the Goverry)r5. offrer5 and emF+JyEe5 wJainsl the conseqL*nces of neglect d8fwtt ¢)n their pwL The arKJunl paKI the ￿WaS w￿lhIn the Cdlege's ovw41 Combined Ccfflmercial Pc4w and cost C8nrKrt be separatety The Smt (rf ThJwnThty is £5.(W,000121Y22.. £5,OCQ.CQO). Finance and General Purposes Committee KhalbJ JaThd IReswJwY 09.1￿.23) 8everky Jesscp Matthew Mangan {lndeFeid￿I- 03.07.23) 'R￿hard Percwal Ichairl lan R￿h￿d$ Monique (Ir*ndent) Julie Reed SwrK¥n B* (ResKJ￿y 6.11.231 Ewan Hamnett 'AmaTrJa ￿eeVer (Chair) x Iwet01.09.22- ReswJn&J 26.05.231 Imtety TEmey Curriculum & Quality Committee YiosemaryAdarr6 (Chair fr￿n 01.09.22) S￿V Ga￿ha DrAnne Green (ch￿.1 ￿til 31.08.221 Beverfey Jessop Naresh Kumar lan Rithards Audit Cixnrnittee RosemaryAdams Mart Bthe (ResYJned 25 10 221 NroLa C¢)ynte {Ap￿nted 5.12.22} "Helen Parks In* Edrr￿tsj (Chair) IlndepEr¥Jentl QUEEN ALEXANDRA COLLEGE REPORT OF THE GOVERNORS VERN - Continuod Search & Govemance Committee RosemaryAdams (wef 01.09.22) OrAnne Green IC&Q Chw"r hand&J 31.09.22) Arnanda McGe R￿hard Perava 'lan R￿hardS (Charl lthal*J Javaid {Resigned 09 C6.23) "AmarKla ￿￿Geever ICh&r) DrA Julie Re&J OFFICERS AND ADVISERS Principal arKI Ch*f Ex&ub4e Company Secre Akn Lsylon (Resigned 05.C6.231 Paul Waker (* 05.(6.231 External Audrt￿5 CrrJ* UK Black Cwnty House Rcxjrnls Green Road okJi￿jry 8692 Internal Auditors 45 Church Str Birmirgham B3 2RT Fr¢¥n ￿ 23 VaKkra Unit 3 crOmpt￿ Cwrt WS7 3GG Prirtipal Bank Bar￿ PLC PO Box 125CoknNe Row BYmirgh•n B3 2DS Ir$ura￿e Advisers FE PrCA￿t Ki*by L32 8SF Inveslmenl Man4er5 Evttyn P•tws 9 Cc4mcYe Ro4V Bwmiryham 8328J Registered Off￿e 49 C￿rt O* Ro•J BwmirvJhar B179TG lential col* IISCI based in 8imingham. It wovides educat￿￿ tr&ning forsbAents aThJ chentswith a WKle raThJe of dis*'lthesand leaming drfF￿U￿'es. OAC operate5threeseThw-Colkge, Comrwnty and Reshjertsl, all ofwhKh operate ￿￿thin the ￿alueS of'ResrÉct, C¢￿.￿, Integrity, Enabling. Irhknn ExcefetKe'. The mtssion statement of QAC ￿ 'QAC empowers wjutts wih leamirKJ dIff￿H*S arnj ¢thsth'litses the4r ambitwms and to W fU￿ill￿g INes. TheCoWe'$slLthnts and dEntsdMde Irltots￿ m&ngr(ws.' tlThe4gJ 1610 25VA￿ 8￿ful￿d byacombination of the Ed￿Zt￿?￿ and Skills FurKlirvJ Agery {ESFAI aThl be￿￿en 25 to 30 L￿1 EducatKJn AultrM)rit*s clEnls attending Independence Pbjs {IPI funday by Scr￿lserV￿e￿r50nal payrwts. The Cd*e alsoaccesses a range 0ffur￿lng frcrn extemal S￿jr￿ i￿￿jir￿J 5talutuy and charrt*le t#)Jies. Tre Ce4&Je ¢￿tIn￿ to offw a levd of respite proMsK)n and plans lo eypand this futhf 41 futu￿ PrKyto beirwj offerwj a plxe at the Colkge. all indivKluals eneft from a IIKYwh assesgrthl d tr*ir nee(ts lo ensure ttw are the most 4)wypriale prc¥Jrarnme. The assessments, in comtr*'natM)n wrth the Heath and Care pLgrs {EHCPI are also intend&J to K￿nIfy the appropriate level of h)lith supw1 needs tr exh sludent (many requvirg 1 tt) 1, 1 to 2. cv 1 to 3 staff lo student ratK>S). The COl￿e V*Elccrnes students aThJ dtents frun all ￿grOUr￿ts. An indw*Juafs econcknic status. gender, ethn￿ty. Ta￿, TduNJn. sex or sexual cnentathjn (kj not forrn part ofoura55essment pKKes5es. In setting the College's ctyectNes. aThJ p￿nn￿￿j ￿s. the Go￿11￿)13 have gNen carefrjl con5hleRtion lo the Charty Commission's general guidan￿ on publ￿ tenefrt arKI in P￿ular to ts suppknentary Publ￿ tenefrt guidance alva￿rg arbj on fee dwging. The Colkge aclkeved its d[￿r￿j ￿ sEar by w￿dIng ed￿atty)n. trairing and indepethl kw"TrJ skills. The curitulun at OAC Is brAd arbirAJS and me* tr* ¢￿￿Se st￿Yert The curriculum estyJnedtomaximBe trfe OPFthunrtw f¢iaM stLKlent$. Opyrytuntss maybethroLgh increased independen￿. hMJher xademic ￿h￿vement or thrujgh skills that enab￿ empWnt. The ￿￿iculuM cover5 &3Jemic. therapeutic ￿ sUPPOrt WOVi5nn, dl cl are 1x¥n￿ents for s￿$ f(¥ QAC students. Al QAC students S￿ in retsipl dan EHCP. The Col*eoffersabroad rarseofccyJrsesfrcxn We-￿t0 level 3 in Ihefc4kyMrrfJ vccatN￿l area5". Artand Design. Sports, Trades, Vehth Meehants, HeaRh and Sco"* Care, Perfcminj Arts. Hosptslrty Infoimatk)n & Conwnunulh)n t￿hn0￿J1es IICT). The Preparatmyi for Lrfe {PfLI pattrThvay offers a dNerse range of tasters iNJependence skilb devek)pnent arml fcr scxme St￿Jents. kads into LEAP (Leaming for Emplo￿nent and PTegress￿Jnl wh￿h wll SFeaalise in ￿rIan areas and a fccus on eM￿o￿t or highef VLrats"onal study. Supported Intemships are well established at QAC. wth ex￿e￿￿ te"ThJ expectgj fcf all studen15 fr(xn year 1 on%r4rds. Access to programme, a besthe 1.SEar prcgr￿￿rne suppjts sclKd n￿l￿nderS bxk into leamir¥J aThJ has g8in&Y n p>)ubrty yearon year w*h the Iccal autlKYthes and y¢)ury peo￿. The Cdlege has a divm of specwtst YJFWt sep•tsS, an esseth"81 and ntegral pat cl studerfs CU￿1¢U1￿M crffer, ensuring iThJMdLtral student ne&Js are met aThJ ￿knIev￿nents max¥n¢sed. Supp(¥t Semces consist ofspeech and languagelherw. c￿￿pa￿1th￿3pYIW￿tst sensory", phY$￿tIvapy. ￿XJnSe1I1n9 and menton'ng. edu&itsonal aThJ dinical psyehok¢Jy. Pctsrtive Behavthr Support". a reh*jiltstX￿ travel trainiThJ departmenL Braille. dysle￿0 atxl assistive & augmented t￿hn0￿￿Y servw. In *ition. Ilwe LS a Resource Centre aTr Hea￿h ca￿ Cenlre. QUEEN ALEXANDRA COLLEGE REPORT OF THE GOVERNORS PUBLIC BENEFIT & REVIEW OF ACTIVITIES {continuedl The extended curriculum and enrichment activities I'club'l s invaluable and is offered lo bclh day and residential Students. Club is designed to offer a range of actNit*s vthich develcy community, sccial and independence skiSls, promote sports, the arts.. leisure actm.ties and develop wellbeing, confidence and friendships. The Cdb3e continues to prO￿￿e resKlentsal semees lo stLthnts ￿r￿y$ appft)ximatdy 38 reshdenl￿l 5LPPOrt staff. The reshjentd pro¥AsKJn at QAC continues to be gratsl as '￿¥)￿. by CQC (Care Qualty Ccrnmi5sionl whts make Unannc￿nCed inspeCt￿S throughout the year. The Cdl&Je also wovthj 29 pLxe5 to lTrJependence Plus clhg)ts based in houses in the tral crynmunty. Achievement on a￿redited main prcgrammes rernair￿ largely the same, 89% wrth slight increase from previous year and is above College KPI for achievement of 850A cffl main programmes. Maths ¢)verall achievement is al 810h, a notable 5Ph increase. this was attributed to a curriculum decision to offer akernalive 'slepping stone, qualffication. that readies the students for the slep up to Level 1 from Entry qualification. English aehievemenl is al 78.2%, a de¢rease of 1.8% wh￿h remains gocd. bul the percentage decrease is also attributed to a number of student withdrawaL8. the same ones who have inpacted on the maths overall fwure, haviThJ disengaged from their main prcgramme. Target achievement continues to be measured for rth-accredited ￿MIng programmes IRARPA IReeognL¥ing and Recording Progress and Achievementl). This successfulty captU￿S EHC plan outcomes in a meaningful and transparent way and is supported by the Local Authorit*s in Annual Reviews. QAC i8 in Its ninth year of using the FiARPA system, whieh is %*ll emtredded and undersloc•J by the teaching staff. The % achwement rate has reduced by 0.4% to 88% which is in line with other specialisl FE provhders. The use of non-accrediled programmes within the curriculum results in an eduCat￿nal experien￿ that challenges ￿arnerS who have signrficant barriers to convenbonal qualifical￿n learning. The RARPA prcLes5 IS twjhlly Monito￿ and audited as wlh all acc￿dI1ed prcgrammes to ensure rt thallenges and slretehes students and the process aligns with EHC plan outcomes The rctjust monitoring is oVe￿een by some of our leaching staff vtho have achieved the Q2 ststus. who are RARPA ChamphMs, and they support the Inlemal veAr￿￿10n pr￿$$. QAC continued lo provklg 'best practice, support lo l¢xal GFE PTowsion for their RARPA pr￿eSseS and has their processes moderated through a structur&J Peer Revww and Developffent gr￿p. Success al QAC is not measured solely in temis crf outcome success rate5. Students have a comprehensive Indivhlual Learning Plan %Mlh a range of nwraled challerging iargets. Prc¥Jress is measured on a regular basis and new tsrgels are sel and agreed as appropiiale,. value added. and di5tsnce travelled are important measures of achievement. Annual reviews were continued forall students with a fccus on the transition journey through College into independen￿, further educalion and employment. Safeguarding analysis across college and residenlial services is carried out against protected characteristics which enable us lo monrtor any pattems in safeguarding Issues and respond as required. There is a robust safeguarding process in place wth 10 staff hawng responsibilrty for safeguarding, one of whom is the lead designated safeguarding officer. wi(h others acting as depulw, there is a weekly rota in place for swft interventions when needed. Staff team5 are effectively trained in managing safeguarding issues Wth a regular. mandatory ongoing programme of training on all aspects of safeguarding in place, both via online training". workshop sessions and now Includes surveys. A govemor saleguarding kad liaises wrth the college safeguarding team ensu￿$ safeguarding updates are reported regularfy and ￿Main high on the govemors, agenda. A C￿ar audit trail of safeguarding is maintained and ￿Ported iegularty to the govemors. wh￿h ensures due process i% followed by the college. Prevent Duty training is embedded into Safeguard lrnining at Inductron and ongoing. IXIEEN ALEXANDRA Cs. I￿p￿t￿lt Cg))sidwatr)ns h'nked lo trwjilding de￿p￿*1￿ ar*J impro4*J fcth etr￿￿$. Residentd stujents aso haNe a s￿3[￿ficant rc4e to pky. the ￿lJent￿ group C(￿tin￿$ to have a posrtive on asp*ts crf ￿idential lrfe. OFSTED QLEen Aexandra Col* was insF*Cted in March 2Q2. At that tme. insrectrs jLhW the owall effectNeness of the provisK)n to require improvemert The Of&ed in June 2023 frLus&a on evduating the pro3￿$$ that senior kadws and manaw ho￿ m* in res￿￿1￿ the area5 kn Mwo￿lent. Improvanents are rekX)rted across all Éentrfi&J areas and the rnonrtomg w￿rt reFrtJt sta￿￿ that". Senior leaders had swiftly revievled the content of the enlry ￿Ve1 Cufriculum, as part of 8 wider review of the whole curriculum, removing genertc Cour￿ and inlr&Ju¢ing ￿￿Tse$ wrth a clear vocational content, providin9 greater clarrty for parent5, Students and teachers. A clear strategic Curriculum overview is now in place and effectNdy communicated and understood by all. Governors responded rapidly and p)srtively to recommendalK)ns. They have implemented a range of action5 to improve the level of support and challenge that they can provvje for senior leaders. Senior leaders have wruited and invested in knowwgeable Staff, with an effective &ademic management structure IntrcAluced and the devebpment of ¢onmercial and in-house learning resoL•rces for areas such as Career5 and PSHE wh￿h have brought about signrficanl improvement$. Sen¥)r leaders have improved students. access to vAJrk eXper￿nCe and work placements and senior aders have planned for work eXperIe￿e and work plxements to be within all courses and foi all students. All students C¢¥np￿te work-ielated ￿t￿y. impacl ￿ students. The CLThUy in place c(¥￿"nueS to fiJther str* Il* V•r4k P*￿ent offer, fvrther embed English provsion and ensure all studerrtscOthnL*to￿￿￿ffk re￿ eX￿er1er￿. Caree￿and PSHE guKlance. A robust Quaty knrt¢￿ng Tc(4 IQRMI 15 implwmenied wth assoJ*ed wuLgr rwbng systems ensure rep)rting lo senK)r Wers and 9(￿TrY￿S rwnair6 ￿Ur* and systemth. COMMUNITY SERVICES CommuntySeNeesecfitinuesto SW arwnd 60derts. ￿*htheQrNwlr￿j (thandf0rtheserV￿ebelng extremety hKJh. Thecommunty Seryw Hub, closeto Ihe main OAC Canpus at 109CtyJrtO* Ro&J. has grc*m into a vdl- utilised S￿ and during a recent Msrt frcffn B1￿1ngharn Cty Courril was rwntsed as a un￿4￿ qLg1ty pfovKler for ts ¢))nlribulion towards the needs d BimiirrfJhw) cit¢ens. M W￿*YeS a base tr Day Opportunknes. Personal Assistant and Peer Support serwices seven days per v*d( aThJ an itxreasing dfef ￿after ￿tl￿tES for QAC studer and other mtrnbers ofthe QAC Ccmmunty. The hub ts abo for hi￿ lo ¢¢Ynmunty groups vthen not bein9 used for ¢￿c CC￿mUnty Servtts to rdise irK(Kne to servre. [￿e to cost pressures most chantEs are f*rKJ, at TNesert Ccffimunty SeNtts ts not able lo cther ts costs and thereforethe defi￿ is currenty bang lunded Cdlgje resths.11 is rwni*l that this can corrtinue so the college 4$ expknng all wtv)ns lo ensurethe 5ervKe tr*eornes finar￿￿ty voble. The servte L8 invalu*eto our usws and therefore it is imperatNe that a xdutK)n ts f¢￿Tha. Al present are in disoJSsK￿S vth Birmingham Cty Council and trBve F4ans to en￿ncE OurfuTrJrdi￿ng eff(￿. QUEEN ALEXANDRA COLLEGE SeNw promded by Conmnunty ser￿ are IL8ted bekx. pe￿al Assistsnt IPA) l Day oP￿rtunil10s service The PA and Day OFF￿1n￿*S se￿￿ prov￿￿e$ rer$(￿ cwrtred swyt lo ￿ irYrniYJ cohut of adutts fran Birmir¥Jham and a numLwd neNJhb>JiirrfJ kxal 8uUJyrt' ies. Scffie dienis accessirg PA are current QAC sbJJents, xess s￿￿e5 evenrys, weekends and in the hc4iday5. We atso provkje SUPFUt lo scrne I￿nde￿ Pkts dients. and f(ymer residenti'al siudents who are Iransthoning to Independence Plus and need 1..1 SUPF(¥t lo ath"wtes. Many fonner QAC sI￿Je￿IS axess the PA and Oay OFPQMtunthes seNtes seekirnJ a raroe of drfleml wpkx)rt i￿luding sUp￿rt wth worf( ènd vdunleering, wrth srtial and letsU￿ opp)rtunrties, wth the of ir*endent liwng skills and taking part in culural or farth-basoJ A number of yx)urg aduts vtho have ￿ previous ￿nneth"on lo QAC are ehc•Jsing lo use ￿'r direct pawngmts lo ￿ OAC Conmunty SwKes. Pegr Support l After Collegol Weekend Activities This year has seen our prowsion of s￿la1 opportun￿"eS continue to go frC￿ strength to strength. Our client services an¢J engagement have continued lo grow and devebp and the demand for $￿al opportunrties is really high. As well as men's and women's groups (inclusi4E of Cis and trans individuals), we ¢)ffer a weekly communty- based LG8TQ+ group which has golxl attendan￿ from current QAC sludents and ¢I￿nIs. alumni, and external attendees. We've also started to run a mthleek Sockal group which usualty comprises members of both the men's and women's groups. every three weeks, following the suc¢ess of our monthly Saturday Socials. The M￿JWeek social group tends to either be a group a¢tiwly (for example a film nwJM or our massivety popular Christmas craft nightl or a tTV Out for a pub meal. The Saturday Social tradiiionally always Involved going out and about, but last year we started to intersperse a regular 'Saturday Sccial Lunch Club. wh￿h encouraged attendees 10 get involved in preparing and cwking a shared meal together - Ihis has been really popular and we plan lo run morel All of the peer groups are open to all indNKJuals aged 18 and over with autism or other support needs Sccial Saturdays a￿ for anyone who wants to ccme along. and PAS. carers. parents are also welcome to attend. These events provKJe an Opp￿￿nty lo meet in a reLaxed setting with some support. Corne As You Are. our ir￿luSive nb3htdub. is ncyw a weil- estsblished and much-loved fflonthty club npjhl, supported generously by The NwJht Owl nightclub in Digbeth. With Ihe Night OYA'S help are able to offer opportunrties for DJS with support needs lo play sets in a real nNJhtdub setting. We have also started lo showcase musicians wr(h disabilities - we are very proud that our'band in residence,, the QA Collective, have gone on to play the Royal Albert Hall and are k)oking ahead lo record some material. which we are intending to launch with an event at the NvJhl ￿ later this year. We have sel up a working group ¢ompri5ed of regular dub goers and clients and are planning all manner of eXc￿n9 events. This year we are also excited to be starting a year loThJ woiecl *Mth Spectra- Wild Possibilittes- vthich will see our clients taking part in the design and cOnstruct￿n of a r￿ndhOuSe for Ihe ouldcor space at Mhdland Met hospftal in Bifmingham. Holiday provision Al present we are unfund8J for ￿*JaY pro¥i5*)n, amtwh our swe ha5 rThi gro•vn conshderabty and dcnt really have cap￿ty lo run a hclklay dub u*ng Cc(￿vnty ser￿e$ staff any rnC￿e as there are Simp￿ t¢XJ many clients {in the best p)SSib￿ way!). Durir¥J the sJJmmw crf 2023 ran a very I"mited prOvis￿n which allothed for a small numter of addrtional ￿aCeS wthin our daity dient Prcgrammè to te made aVaILab￿ for a limited number of Sessi￿$. Our trKJpe 15 to Source fundirg to run ts)hday provists￿ ￿1n during the $Lynmer this at all QUEEN ALEXANDRA COLLEGE THE FUTURE In Ihe summer d 2023. the Board a n&Y str*gy the September 2023 to August 2¢)27. The keyot4"ectNes we.. 1. Be recognised as a leading Birrningham4>ased organisation supporting young adults with learning difficulties and learning disabilities: 2. Be an excellent provider of educational. comrnunity and residential provision and serrfiees: 3. Undertake organisational repositioning to promote growth. clarity and divernity of services" 4. High levels of student and cllent satisfactlon achleved., S. For the student and client population to benefit from safe, high quality and well4dapted provision and physical eststes across 8imiingham: 6. Maintain financial viability. 7. Be recognised as an excellent ernployer; and 8. Lead by example in sustainability, diversity and specialist high need provision A5 B the case in ¢hwity se¢tcY, maftsining finanua ¥0bilty is ots'&*ve where may fac* the bvJgesl chalknge. Tr￿rtI￿al fUr￿lI¥j slreams rgnain uncertain, aTrd r&ent events al 8irmingharn Cty Council vthere a sect￿n 114 nclte was ￿ued, highlghl just Irtt￿ luThJiry 15 availab￿ in the envir¢￿Ment f¢x our servw. Trre a￿ also Pressu￿ ￿ costs. We seen ur¢JrecedenleJ iruease5 in utilty tM'IIs. signthcant pressu￿ on ￿ge bills due to empty*s hawng the tIEwwaythTOLpah the cost-of-￿ng cri5i5, and continue to see the imp&a of inli*in C￿ ￿rgen￿* 0￿￿5. Th* Ixing saKI, the Govemots a￿ th￿￿ent that the slrategy is but xhpRble. In order lo achieve fnancial Mabilty growth ts essentsal. arxl thts ¢CAIb"nL￿ lo be str¢ry a QAC. sI￿e 2021 our student numtets have I￿reased by approxim*ety 36%. The cdlege rematns fc¢ussed ￿ erwrirvJ the p05rtTh remains resilient ugh lo over¢wie the exlwna uncertairtl*s, the strategy has a strong fttus ￿ ensuring the finances will support gro%*h in demand that ¥v& forecast. li is important to rth th* dew. e BYmir4h*n CitYc￿ne1 ssuirvJ a sth 114 V+e hase had eonfirnal th* because the prowde is essential. and is peop￿. th&e wll be no iM￿t on r fundiThJ. It wll conkn'nue as n￿¥1. In ryder lo support gr￿￿h, and the new slralegy, our *iorts to *reNe fmartol viabilty have shfflt&￿ sl@My. We a￿ now looking al Measu￿ to dwsfy our inccme Stre￿$. We recentty increased our investrnenl in In Oct 2023 purchased a new proptyfor$ carrvJ¢xrta rers have KIerf1r￿ the f&kn•A"rwJ key str8tegt nskstothe chanty. AA*cfis lo mitwjate agall￿t these risks are also detaI￿d.. Major change in finances resulling in a threat to k￿9 term oryani&*ional viability Resrn Folicy th* sets asK* fvnds kryer term ￿anS & reasonable operating", Devebpment of lern [￿￿CHI plan.. FrAnC￿ aFvrasal of thJef.term committi'ng opportunites. Sensitwty anatys"s crf charKJes in costs affec*"ng line., OrHJThrKJ Monts￿ng of expendrtu against tNdgets'. Revtw of budgets iwpar lo #lwtrfy cost &ivings can be m&Je,' Fomal rewrts'ng to F&GP ￿varianceS. MitEgation'. Failure of strategi¢ initiatlves across Ser¥Ke areas Iumberthw Pinthvood Communty SeNi¢esl ResidentFal SetvKes) Control of aFpl¢3￿n and asseSSn￿ W￿." panel meetirgs.. SMT meeliros., resh4Jing of curitulum and tinetab￿ to ma¥mise reswrce use," ¢Jev of ne•¥ camwses.. estates planning and Mitigation- Risk.. Miligalion: Inadequate reporting to the Board Strategic pknning, cbJ"ectNe seth.ng & b￿5￿et1)g prc£esses," timety & &curate reportirvJ', timely preparatN)n of re￿￿ts.. trKwnvirate rr￿￿"n¥j reg cont&i be￿Ween 8oar(Ysenior staff. Reg Board & AC mthngs SAR presentaj to 8oard. Projress trJair£l KPIS preswled wularfyto Risk: Miligation: H&S risk to the organisatlon H&S Officers in p*e at QAC wsure C￿npl1￿ with I￿ & reg$. Pllbk￿ed H&S pol￿￿$,. Regular insFectTh & lesb'ng of *onces. Fmcke arvJ ffire alarms.. Trained first aidersifrained fire matshals. Fire safety trainirKJ. i￿1￿1￿9 w of ekn'ThJuishers. Fire all areas.. Evacuation ar&*." Fire. H&S used wularly. Rtsk Assessments k>Jged into ￿ntral system.. H&S group meetings that rW to Ccmp¥9Ke Commirtee in atteThJance,' Regular evacuat*Jn drills.. Safeguartling risks to the wjanisati Rcèu5t 5afeguardirvJ policy & wE(tsYures." for s*3uar(ling', E.s*' tcd,. Rcknisl trainry prcg￿nme fr*ALL Staff. Miiigation: IT and cyber security disaster recovery IT C￿tsnuty ￿n. ffirwll in p*e.' cyb￿ Seaty Plus achie4Ed (A￿ 23),. Daily d*a ￿kup$. d￿uMents￿ recovery pr￿edUleS.. eWx)n crf ba*ed up d*a'. apprcw*e soknre to m￿'gate,. Mitigation: 13 QUEEN ALEXANDRA COLLEGE RISK ASSESSMENT AND MANAGEMEPff -continu•d Risk: Miligation: Loss of key staff Undertake an annual str4egr Trainry Ne8ts Analy￿$ alKJ￿￿ to the St￿te9￿ plan, 4)prntsal infonnation best Career patlTrHays in certain areas frcTh grtyJnd Ihreugh to rn￿¥￿ent pOSrtK￿S * wJproiyi*etrw"nng * eath *a9e0fdeve￿ent. Board aware ofCMT (Colege ManageM￿t Team) Stnth￿ & C(￿lIr￿en¢t5 for PrirKl￿aThp￿ty cover. Rrsk: Miligalion: Curriculum not meeting needs of students sIrateg￿ Curriculum fevthv and w**e." a ne4¥ Str￿re arKI fcfftwl cl Strateg￿ CuryKu￿m', trainiry to all stalF, rctKJst intsl do3nosb"c lesb.ng and baseline assessmert cL4rily c ¢xrtcLYnes frx exh studeAt. SAR (Self Asse5rn1 Review), QIP (Quality Improvement Prc•3rammel, PLAP lPerfC¥m￿ ImprO￿ent A￿￿ Plan). Maintaining a high quality ofedU&itI￿IexP￿i￿foII(￿1rvj succe5sfvI ofsted n￿ltOrIng visit and increasing student numbu5 MaiAtafi 8Cth)ns kn TeachirvJ and LearrMr¥J thrO(￿h the QIP mnf(cfftJ,' Corrtlnl￿d PRD %KJrking wth other organis4Kms.' fulty staffed ￿dem￿ managem￿1 team,. SAR process and College SAR & QIP.. increased qualty aCtk￿ for reviwng ￿m￿l￿M.. restrudure of acad8mi¢ managwnenc Nthing wih exlemJ wtscts bwKhmarks and suppyt Mitigation: Risk: Mitigatit)n: AdveTre Publicty autk response straty in F*e fc( dealir¥J wth alve￿e e￿￿01 mèlia comments or negatNe PLknhty, Maintaming of links.. FdbMAcCNatw PR guthnts. BOARD OPERATION AND MEMBERSHIP The comws￿on ol Board ts assessed by a Search & G¢)verna￿e ccrnrtiee. whth rewts the mettrKJds of recrurting new Govemots and the Board as to new apFothents. Govemor induth.on prttedures seek lo ensu￿ that all ne￿ aprrf)intrnents to the Board gain a ￿nd￿Standir￿j of dffterent asFeds of College lrfe. lknmors a￿ en¢(￿raged to wsrt the Cc4lege ￿t$￿Je fomal meetsngs lo ensure that they remain w) touch wrth sludenls and staff and a hnk prc#3ranme aL￿ exists for this purFA%e Gownofs und•lake ￿u1artralnin9, and U*ir training ￿ are FeriC*j￿ty artd wrcpr* add￿31 undert*en. The Board receives regular and b'mety tre tyerall fin•co1 perfomarxe Df tr* and subsK4k?ries Icgethef wth other infc¥rnabffi s￿h 8$ pwfmrte agamsl tsrgets. leaming outCAX*S, adm¢ssions aThJ destinations, SafeguardiNJ aTrJ Prevent ts$￿, Cijnplaints, prorKtsed caprtal exFertditu￿. qualty m*ters and personnel matters. The rwJularmeetirys W betr￿n the Chair, Vt&Chwr, Princpal G0Vem￿ ￿'re¢l0rthat %%tre eS￿L%hed during thkdown have ¢c4ts'nued and rx)tes of tlw meetings We￿ shared bvith all Governors and InderkMdenl Directors. S¢WuW meth'ngs wwe hek4 in peFson. usiThJ online melhcds c* as"hlorid" meetiros to ensu￿ IW ￿levant In1(yn￿ was shared, •YJ disC4tsStffj arhy deb* ctthd ta(e pL¥e. The Board drives strat8Jy aThJ quaIty0ft￿ Col*ge monrtors ￿rtCU7￿. Scrutiny i8 akn provthl by specrf Govemors respxxsibilty he*th 8 safety, safegu*dwig, d￿el￿ty arKI %￿l￿n￿. Further, scrutiny is provided by rts committees. Each ofthe ccmmrtt* thwhwhth busness ts haslems of reference, which have been aFPfoved by the Board as well as an alnual buyr*ss Al *Nons cl a material nau￿ are made crf r*fied by the Board a Schedu￿ of matters resaNed for the Board has atso tttn approved by Board lo ertsU￿ clgniy in thi% regard. The pay key manageffent persMnel is PfoFQ5&J to the Board by Remurwatbjn Crmmrttee fc4bwng discussion, wh￿￿ lakes into &cwnt reknnl berthmark informattfj indLNJirMJ the A55C¢Otion of Cdleges IAOCI pay survey as v*ll as Il* perfcrnr￿ of Ihe iTrjw￿VaIS ￿￿ce[r￿ and the fInar￿ pxrtb)n of the College as de. The agree¢J Pri￿lple is that senu FrfJS1 hold￿5 be awarded Ihe same pay rtse as the rnaN)rity of staff unless there is a s[eCrf￿ reason fUVarian￿ frun this. In 2022 the undert¢)J( a deta"bJ intml cl ts C¢Th￿￿nce vthh the ChaTrt*s Govemanee Cc•Je for Larger Chants"e5 and applE5 all the to rts wjrk. The also cc￿￿ES wth the bul( of the re￿vartI recommended prth cl the Cc*Je. Go¥Rrrb)rs uTrJertake an annua assessment against this Code and the Aoc Coje fcrf English Colleges and has a plan to ￿pkn￿ntI ewthn￿ any aJdt1C￿aI recommended points. An extemal audrt of 9)VeMa￿ tcd( pla￿ ￿ 2022 aThJ ￿￿rned a rwt d goc¥J gOVerr￿nCe wth a numbw of recommendatDns fcf cngoing Ynprovement. A pkn to wnpthent these reccxn￿I￿nS, as VRII as a number of further imp(oV￿en1s. VA8 inpthented to be ¥I￿￿ed. 14 QUEEN ALEXANDRA COLLEGE REPORT OF THE GOVERNORS Code requwes Charitw to disck)se rf tr% Truskn's fvfjaximun Twn crf oifu exceed 9 yews. The rn￿ML lemi of offre for C¢Jlege Goverrm is currentty set at 10 years based nunkycmts f&tors induding specHIi5t sklls reqU1￿ments fof scme WiorB. In ¢yderto succeswn pknniig. some Governors ￿mp￿tej the final lem based on tr)e date Last ¥wnted it 7KdS agre&J that t*)th the Chair and Wtychair wld remain in F￿rti￿ until 2024 to SLPP*Nt iydety succetsth. FIXED A ET All t￿gIbIefiXed assets are hekl forthepUrF*)seofca￿w￿g Cc4kge's man d)Jthes. The Govemu5 believe Ihe market value of the Cdlege's freehc*J and buikjings lo be more than ther W twk value, allhough ￿depend￿t vdualions have been cl)tain￿. as i( 15 CC￿$￿ered that ts o)sl clc*rtaning these LS Qut of proports.on lo EMPLOYEES WITH DISA8IUTIES Qu￿n Alexandra College aims lo ensure its recnitrrf c￿elp￿t aid relent￿ is exerrolary. T College is a'Dis8bi&ty Ccffjhjenl EMF￿>*￿. a'Mffj(fful Empbyerf in Octcter 2021 was award￿ the presluious 'Leaders in Dwersrty Aw￿￿.. We eftSU￿ wrcY￿le siwm to dtsabkd at the aFvlub"on stsge Ilo ensu ess n￿$ for intavth¥ a￿ meti throffjh to $￿eSSIv1 inlwvp4¥ SUFPOrt as an empbyee. Ouf pracb ensures no parttukr gfOUP N Th1NKiud ts treale(I m￿e ty ￿ fawrabty based on Ihe Ch￿aCter￿lies defined n the EqualtyAct 2010. Equaltya￿l Thversty i% wnt*ddgJ into lthe Cc4*'s ￿thecollege'S Equalty and Oiversrty iepjrt is fomaty r￿th¥ed by G(￿mor$ annL￿y. The College wll do ts utsmosl to iThJMdua needs are r￿ in ts KIrk￿￿, whethw through assisty'v technology. ergOr￿￿￿, ccyJnsdlirKJ, fiexiblevnkirrfJ orc¢her iThYivpJual r￿ul￿nent. All ￿p￿YeeS, dk8*ed orrmx disabled are offered qualty cltraniThJ, c¥eer delEk￿l CPFofvnit*s. EMPLOYEE CONSULTATION Numerous eonsuhation prttesses tske pÈcethrvxohout ￿ Colege ￿r. AJcint tssulktive CcffjrnAte2 made up of managers and emptye union repre$W￿ mectto dtscuss ncrt onty le￿S cond￿￿￿$ of emF4ownenl but f&tors affecting the fx¢wKs*ion as awhcAe. There are m¥weMVstaff yeedb￿a, and'diary meetings, whoh take place weekly as wdl as staff sury and consutst*)ns. Emph)￿$ aL%o prowde input aThJ the Pri￿1paI shares $tr4egic and extemal influences, wh￿h aff￿the bu5irE55l￿ih theth4e staff grwp. The Colw's Sen￿r Management Tean ha￿ regular'ow dcrf sessh)ns vA)er* staff members &in dBcuss any i8sues lo orE wth a meMterOf￿ Sew Man4aMt Tean. The col￿e'S Staff Fonjm rstaff Vcts") bn'ngs ttsjethef Irterest￿ slaff tr￿n all areas of QAC to pa*"cipate i) FUNDRAISIN S￿￿)n 162a ofthe Charit*s Acl 2011 rewres Chartrs to m*e a regardiThJ fundrai5irvJ xtivth"es. Alhough the Colkge does ￿ L¥Klwtake I￿￿e$￿Ve￿I ftmdrays1￿j frLrn the we￿1 publ￿. * does undertake fundraisiry to support S￿ffic prcyecls IW fr￿n charrtal￿ Trusts aTrJ Fourthtv)nsl as %*ll as ts day-l¢>day Imties. The Cdlege is very graietul to all d￿*￿5 * SFWWS. &xh arrwts re￿￿￿)￿ are presented in th8 ounts as.D￿atkVfj and Legwes.. The daY.l￿d8Y managwwt ofafl inc(me getwabon is delegated to the Cdlege Man￿ernent Te￿n. The Coll&ae Pkgs a Fundrai8irKJ Policy, vthich ts approved by GO￿￿)15 and revi&￿1 wulady,. wth Gfftmots, r￿e￿ing regular reports on fundraising activty F*forma￿. The Crjkge has a ded￿ated fvr*JTasing tearn, 15 ￿ by a qualffied furxlratser, WIK) is a mwi**r crf the InstitLrte of FuThJraising. The Cc4* Man￿e$ all fuThlraising in ￿l￿se wthout invofvement ofccrnn*rckal ￿ti￿Pat￿S. exterr¥31 lU￿1ra6erS or any th third party. The Coibje is regisleredwth the FundraLyng Regulatorand lullyvrith the RegU￿Orf$ Stathrds and Code of Fundrai%ing Practi￿. QAC dces not rn*e unsokited approaches to manters d the publ￿ and a￿VaYS gets ceA)sent frcyn indMdu* beth appro*ir#J lh￿ for SLPP)rtl inNr4Kvnent QAC has receNed no ¢￿￿aints rela1￿)n to fuThJraisng a#iviiEs ar¥J requKes slaff to behave rea$￿￿Y * all times. 15 QUEEN ALEXANDRA c￿LEGE REPORT OF THE GOVERNORS VOLUNTEERS TheCol*e 6 C￿nMit1ed IowovKlirvJ(yoknit*sfor￿lunteeriry. p￿en1$a￿l I￿rk experwceto people from all Vfdk5 of lrfe. Many eX.$t￿1ents cm to *4unteer. as (kj trai￿ lea￿￿s. swl wthers aThJ peopk who just wanl to give $c￿ethIr￿j lo sc<*ty u test ¢￿t a career in •J(Kal￿n or Care. We prowde prgects fc( organ(8ations lookng to defver to C￿￿ate Restmknilty 4endas have enjoyed prc1jL￿t}ve partnerships wilh local nats'onal businesses enha￿ ts overall exF￿￿r￿ of our students. VOlunt￿r appl¢catKsn forms are aval￿￿ m our vthite. In ￿C￿darKe with tBS guthr￿. wr vdunteer5 are all subject to slrinyent ￿9(¢￿Jnd th￿￿$. STATEMENT OF GOVERNORS. RESPONSIBIUTIES applicable k8w and wulakns. Ccmpany L*v requires to financd staemerts for year v) accordan￿ wth Unrted King*Jc¥n Generalty Acwtèa Acctsjntry Prth {UntsY lfjrgdcrfn Actountirg Stsndards a￿j appl￿b lawl. UNJer company law, the GcNemus must not the fnanciJ slatem￿ts unless ttw are satisfied th* they gNe a true and fair vw of the ￿e of th(s of the group and chaty and of the inccYniThJ resources and ap￿ICation of resour￿. indudiry the InccY￿ aid eXFen¢J1tu￿. ofthe groLP arKI charty tor that Ferod. In preparing these firwual ststements, the are Tg]uYed to.. seknt suitable accountirrfJ pdie*s and then aFpty them ¢¢￿SiSte￿￿, makejudgements and ￿ountrnQ estim*s that a￿ ￿a$oftab￿ ald pnjdent". stale vthether appIrab￿ UK Acc￿￿ti￿j Star¥Jard5 h￿e teen fc4kN*BJ. Su4"&￿ to any material departures discbsed and ewained in the finar￿￿1 statmrts," Pa￿ Ihefinanaal ststerr•ts￿ trÈgcrf#J basisun*s itis inarvcyk*eto presume that the charty I continue in business. GOING CONCERN The GoverrKYs are keeF4ng a(kqvate *counting rec(xds that are sfftiwt to aThJ explain the chantys transxb.ons and discbse ￿th ￿a￿ab￿ at any time the final￿la1 Fothji d the Cdlege and enable them to ensurelhatlhe fina￿la1 st*wnentsccmptywith lheC￿p3nie$￿t2c(6. They arealso responsible for safeguarding the asset$ ofthe WKI for lthro reasryth St￿ forthe Wevent￿n and deteth.on of fraud and other irregulanb"es. In prepariro thefinancd st*ements. theGcfftvncAs h￿c(￿s￿leredy*￿thertr￿gQng c￿Cern basis of p￿paratIon fort￿Se ￿m￿n$ wrO￿e. To m*e thts assesgnenl tr* G￿rr￿1r$ have re¥￿￿ short-medium lemi financial forKasts and c8shff(yw forecasts. and ccmwed a re￿ ofthe reseNes rdicy. The outcome ofthat is that at nopoinl ￿ therext 12 months, tylhemed1￿n￿ern ICK￿1 tl)ecd* breach rts free reseNes pO$rt￿n. Taking into ￿col￿t atrthe, the W cl cash •)d near In￿stm￿ts, the GwrKxs believe thal vthilsl Inhe￿nI uncertainty exists, this i*es not a materd uncertairtty that cast ¢&xJbt on the Col*e's abilrty lo contsnue as a goirYJ c￿ceM fc* f¢¥eseeth fvture, whrh is a peritry cl at ￿ast 12 months from the signing of the xcounts and a￿rt ieport. The G(wwnus theretse cJJ)sKler rt amyopriate for the ￿COUnt$ to be prepared on a wng c(NKem bags. 16 QUEEN ALEXANDRA COLLEGE REPORT OF THE GOVERNORS STATEMENTS AS TO DISCLOSURE OF INFORMATION TO AUDtroRS All of current GovenNys have tsken all steps that they wght to have taken io make them5efves aware of any infomalion needed by Ihe o)mpanls Audrtorn for ￿ pwN)se of thw audit aThJ to establish that the Audrt￿5 a re of that information. The Gov¥nors are ￿t aware of any re￿ant rfonnatI￿ of the &￿ilorS are not The Board of Goverrm approve tr￿ Anrwol ReF￿ WKI. ￿ their cap• as ?￿panY direclors. approve the strateg￿ Report inc¢yKwate(J tlwen. On tehalf of Ihe GoverNxs. Paul Walker Secretsry 18 March 2024 Reg￿tered l) 49 C¢yJrt Oak Road Harborne Biningham 817 9TG R￿distered c￿panY NumtrH 03387540 17 INDEPENDENT AUWORE REPORTTO THE MEMBERS OF We have aL•Jledthefinancial statwl￿ts Akykn Cclege Dhe chantsbte ccrfnpanrf) and ts subsid1￿e5 (Ihe group'l for the year erNJed 31 Juty 2023 whth cunwse eortscltht&a statement of finartial actMtEs. consolhdat&Y bala￿ sheet. conSo￿at9￿ statemwrt of cash 11cv￿ aTrJ to the financHI statements, inctuding gnfficanl &counts"ng p)Ines. The financBI refxyting franeADrk that has applied in their preparatKsn 15 a￿￿l￿ab￿ lawand Unrted Kiry(th A0￿nts.ng stand￿5, i￿1r0 Rep)rtir¥J sta￿r￿ 102 The Financk?I Repo￿ng StsThJard aFWr*Jk in ts UK RepxA)It d Irdand (Lkntsd ￿ng(s￿n Genwalty Accq)l&l Ac£ounling pract￿). In our opinion Ihe financial statements.. give a true and fair view of the state of the group's and the chaiitable companls affairs a5 at 31 July 2023 and of the group's incone and expenditure, for the year then ended.. have been pr¢perly prepared In accordance with Uniied Kingdom GenerallyA￿pted Accounting Pwlice., aThJ have been prepared in accordance ￿th the requirements of the Ccmpanies Acl 20C6. Basis for opinion We condueled our audrt in accordance wrth Intemational Standards on Audrting IUKI {ISAs IUKII and appI￿able law. Our re5ponsibilrties under those $tandard$ are further described in theAuditor'$ responsibilities for the audit of the financial statements seCt￿n of our report. We a￿ independent of the group in accordance with the ethical requirements th* are relevant to our audrt of Ihe financial slalements in the UK, including the FRC'S Ethical Standard, arKI we have fU￿illed our other eth￿1 responsibilrtie$ in accordance with these requirements. We believe that the audit evthn¢e we have obtw"ne(l is sufficienl and appropriate lo provide basis for our opinion. Conclusions relating to going conwn In auditing the financial stalemenls, we have ￿nCluded that the trustee's use of the going concern basis of accounting in the preparation of the financ￿1 statements is appropnate. Based on the Wofk we have perfomed. we have ncl identffi￿d any material u￿erta1nt￿S reLg1ing to events or Condit￿n$ that, indimdually or eolleetively, may casl signjfunt doubt on Ihe charitable company's or the group's ability to continue as a wng concern for a per￿ of at least tswelve months from when the financial statements are authorised for issue. Our responsibililvès and the ￿$1￿)nSibIlitIeS of the govemors wrth respect to g(Mng concern are described in the relevant sections of this rew Other inforniation The governors are responsible ftjf Ihe other infomiatK)n contained I￿1h1n the annual report. The other information comprises the infomi*Ktrn included in the annual rep)rt, other than the financkgl statements and our auditor's report thereon. Our opinion on the financial ststemenls does not cover the other inforrnalion and. except to the exient otherwise exPl￿rtIY ststed in our ￿pOrt, v* do not expfess any fom of assurance onclusion thereon. Our responsibility is to read the other infomiatKJn and. in doing so, ￿n$￿er whether the other infomalion is materially inconsistent wrth Ihe financial statements or knwledge obtained in the audrt or otherwise 8ppeats lo be materially misstated. If we identify such material inconsistenc￿$ or apparent material misstatements. we are required lo determK* whether this gives rise lo a material misstatement in the finaneial statements themsefves. If, based on the work we have perfomed, we conclude that there is a material misstatement of thi$ other infomi*ion. we are required to report that ￿t. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion based on the work undertaken ￿ the course of our audit the informati¢)n given in the govemors. rewrt, whKh indudes the directors. report and the Strateg￿ report prepared for the purposes of company law. for Ihe financial year for wtt￿h the finanoal statements are prepared is consistent wrth the finanoal ststements.. and the strategic report and the ￿1￿CtOrs. ￿pOrt induded within the goverr￿S. rewrt have been prepared in accordance with appluble *al requirwments." 18 DEPENDEKf AUt>lTORE REPORT TOTHE MEMBERS OF fXJEEN ALEXANDRA COLLEGE Matters on which we are required to report by exceptio In light of the knowledge and understanding of the group and charitable company and their environment obtained in the course of the audit, we have not idenlrfied material misstatements in the strategic report or the directors, report incbjded wthin the go¥emors' report. We have nothing to reF4)rt in ￿SpeCt of the folkxiing matters in relalion to which the Companies Act requires us lo report to you if. in our opinion". equate and proper a￿U￿ting Tecorfs have not been kep(" or the financial statements are ncrt in agreement V*ith the accounting r￿ordS and retums" or certain di5cbsures of governors. reMUnera￿n sp￿￿led by law are not made.. or we have not rece(ved all the infomatK)n and explanations ￿ wuire for our audit. Responsibilities of govemors As explained more fully in the govemors. resp¢xsibilities statement set ￿1 on page 15. the governors {vtho are also the directors ol the chantable cornpany for the purwses of company lawl are responsible for the preparation of the financial statements and for bein9 SatLsfied that they give a true and fair view. and for such inlemal Control as the governors delemine Is necessary lo enab￿ the preparalK)n of financial statements that are free frcyn malerk?I misstatement, whether due to fTaud or error. In preparing tho financial statements, the governors are respJnsible for assessing the Charitable company's ability lo continue as a gtyng concern. disckJsiThJ. as applicable. matters related lo going concern and using the going concern basis of accounting unless the govemors either intend to IBJuKlate the charitable company or lo cease operations, or have no realist￿ attematNe but lo do so. Auditorfs responsibTrlities for tho audit of the fina￿la1 statemonts Ourobjectives are lo oblwn ￿asOnab￿ assurance aboLrt whether the financial slalemenls as a whole are free from material misstst•Jnent, whether due to fraud or error, and to issue an audrtorfs report that includes our opinion. Reasonable assurance is a hKJh level of assurance. but is not a guarantee that an audrt conducted in aceordance wth ISAS (UK} will aKvays detect a materKal mvsstatement when rt exists. M15slalemenls can arise frcm fraud or errtx and a￿ considered material rf. indimdually or in the aggregate, they could reasonably be expected to influence the econorn￿ decJsKJns of users taken on the basis of these financ￿1 slalements. Details of the extent to whrh the audit was consKlered capable of detecting irregularrtie5, including fraud and non-complianee wrth18ws and regulalM)ns are sel out below. A further description of ¢)ur responsibilities for the audit of the fina￿la1 statements is located on the Financial Reporting CouncA's websi(e at." bvww.frc.or .uklauditors nsibilities. This description foms part of our audilo¢s report. Extent to which the audit was consldered capable of delecting Irregutarities. including fraud Irregularities, ineluding fraud, a￿ instances of non-complK?nce wrth laws and regulation5. We hlenlified and assessed the risks of material misstatement ofthe financKAI slalements from irregulanties, whether due to fraud or error. and discussed these between our audit team members. We then designed and performed audit procedures responsive lo those risks. including obtsining avdtt evidence sufficient and appropriate to provh4e a basi$ for our opinion. We obtained an understanding of the legal and regulatory frameworks wthin which the charitable company and group operates, focusing on Ih05e laws and regulations that have a direct effect on the delemination of material amounts and disclosures in the financial statements. The laws and regulat￿n$ we consKlered in this context were the Companies Act 2006, the Charities kt 2011 together wrth the Charrties SORP IFRS 1021. We assessed the required Comp1K4n￿ ￿th these I￿S and regulatKJns as part of our audit prlxedures on the rdaled financial statement r(ems. In addition. we consN4ered piovisions of other laws and regulations that do not have a direct effect on the financial slalements but eompliance Nwth which might be fundamentsl to the charitabk ￿MpanY s and the group's ability to operate or to avohd a material penalty. We also c0nshle￿d the OPFQrtunilEs and incentives that may exist wrthin the charitable cc¥npany and the group for fraud. The kiws and regulations we considered in this eontext for the UK operations were General Dala Prolectson Regulation {GDPRI. Heatth and Safely and EMplO￿￿nI legislation, Ofsled and CQC Regulations for seNce prowders and managets.. Auditing standards limit the required audrt preeedures to idenlrfy non-compliance with these laws and regulations to enquiry of the Governors and other management and inspection of regulatory and legal correspondence, rf any. 19 INDEPENDENT AurxroR'S REPORT TO THE MEIIBERS OF QUEEN ALEXANDRA COLLEGE We identrfied the gre*esl risk crfmalerial impact on financial sL*ements frcm Ir￿ul3ntW. including fraud. lo be within the timing of rec&anrtion of grant and contrad income and the oVerr￿e of controls by management. Our audit procedures to respond lo these risk5 included enquiries of management and the Audrt Committee about their own idenlificalion and assessment of the nsks of irwularrt*s. sample tesliThJ on the posting of journals. designing prwedures over grant and contract income. ovbtrmng accounting estsmates for biases, reviwng regulatory wespondence with the Charity Commissh)n and reading minutes of meetings of those Charged with governan￿. Owing to Ihe inherent limrtations of an audit. Ihere an Ur￿VoIdab1e risk that we may not have detected some material misslalements in the financ￿7 statements. even though we have properly planned and perfomied our audit in &cordance with audrting slandard$. For example, the further removed non+compliance wrth laws and regulations lirregularitiesl is from the events and transactions refiected in the financial statements. the less likely the inherently limited Pfocedures required by auditing stsndards ¥￿Uld identfy it. In addrtion, as with any audit. there remained a higher risk of non4election of irreguLArrtES. 0$ these may involve collusion. forgery. inlenl¢onal ¢)missions. misrepresenlalions, or the override of inlemal controls. We are not responsible for preventing non￿e￿)rS ¢(￿S￿r that the presentth.on of the Consol￿ated statement of finartk4 athvities arNJ irm aThJ expeThJiture ￿)unt, prepar￿1 on a line-by-line basis. gNes a true and la.rwi￿¥ clthe grw's resth. QUEEN ALEXANDRA COLLEGE NOTES TO THE FINANCIAL STATEMENTS YEAR ENCED 31 JULY 2023 ACCOUNTING (e) Tangible Fixed Assets Tangl￿e fLwJ assds are at cL%l w 31 C*wnber 1937. tlw ar£¢216￿ to the Cd* by 8irmingham Royal Institution for the Blind. ptus adrtK)ns at cosL Ev￿1￿ure of kss than £1.OW on plant. fumrture, fixtures and fftb"ng5 educ3tic%￿l ￿u￿1)ent is chargèj to rwue in the perioJ c4 a￿Ul$rtI0n. The equivalent fyure for cclnputer equpment is £5CQ. Wh* assets are boL¥Jhl in bulK. but indmdually fall tebw these linits, they will te capitalwl rfCons￿?d to te a captsl in4Eslmert. Fixed assets funded by specthc [￿￿alK)n$ are ¢aprt4tsed aTrJ depreciaied in line wth Ihe normal deprecob.on rates sh(hvn tebw. Speofic ¢J¢)natk)ns lo acquire such assets are brcwht into the Statement of Finanual Ath'rties when ¢eNab￿ and indu￿￿ in ￿Strthd fu￿1$. Deprec01*￿ ts charged within the Statement of Finrtd Ath"v*ies under the ¥Jpropnate luThl headng. Depreci?tsc￿ ss prowded on al tangible fL¥ed assets at rates (zkxlat8J to wrrte ¢Af ltre ctst of each ils estimated le5￿Ju31 Va￿ ¢)vw its exFethd usefvl lrfe as f¢Jfw6' Freehold knd Freehold and LeasehokJ Prcpety Fixtures and Fitti'n9S Ccmnputer Equwnl MotorVehKles Nl TA on cos( ry rf Sh￿ter ts rwnainirKJ FerKd of the lease 1LPh. 2CPh ￿ cost 33 on c(6t The car￿ThJ v￿e of tr* Charws assets *e rernej at each balarte d*e to det￿￿￿ sthether there is any irKI￿t￿n of impairment. If or charrfJes in C¥CLwrtstartts ryidtate an inpamenl. the asset's recoverable arnount is estinated. The reccverable amount of an asset is the hpJher of far vahje ￿5S Costs lo sel the asset and rt$ value in use. Shortfalb ￿ets￿n the Car￿rg Vall￿ of fL¥&J assets th&r recovernble amunts are recognised as wnpairments. Imparmert losses are rwnised m the Slatanert of Final￿￿1 knty. (fj Income Inc(yne 6 reccgnised when the charty ￿S ent￿ernent to the funds. any perfcamance Cond￿"0n5 attached to the rtemlsl of incune have L*en met, it i% ¥irtualty certain that the irwme ￿11 te and the amount can be measured ￿l￿bly. Inc(Mne ESFA and Lctsl Authtyty Fees. Gtyentt7￿nt and other grants whether 'c¥*rtal' grants or'revenue, grants is reCffjnls￿ when the ctsrty has entit￿ent to funds and it is rt 1$ virtualty certain that the inceme will be feceNed. IrKeme frcm ottrw sources ts rwntsed wthen the charty has enlrtiement ￿ the funds. Income reeeNed in ￿varte of CA a spetsfod Se￿ is delerred unbl criteria for income recognlion are mel. Ig) ExpendiiuTE Expendrture is ￿?￿nted C￿ an xcruafs basis. The c05t of irreccNera￿e Value Added Tax is included with the item of expense to ¥th￿h it rdales. Char¢able xtmtses i￿lK￿ expeTrJrture asscaataj wrth the chartys ObJ"eL*5 induding toth the direct costs and SUPF*Yt costs rel*ng lo these Costs ¢S rais¥ig funds are thc6e costs Incur￿ in a¢tractirKJ voluntary irwne and t￿)se irKurTed in tr*irKJ athwtts Ihal raise fuThJs induding income frc QAC Entefprises. Ovetheads are not apportbThd bejfften chartable. gew#iro and 9￿ManCe aththes as the sums invol￿d are deemed rnmaterol and al the furrtrxts ots than charitable have the prmary functK)n of supportirYJ those chantabie acbvd*s. Ihl Operating Leases (*er*'ng lease costs are charged to the Ststwert d Financial ActNrt*s as incurred. A lease is cL3ssnled as an OFer*'ng lease rf it does not transfer substant4￿ty all the rtsks and rewards incidental lo (pAnership. lil Financial Instruments The Charity onty has fina￿81 assets a￿l￿bilit£S ofa knd th* qualify as trJ3s£ f￿￿CIal instrumenis. Basicfinan¢&?I inthmenls are inrtialty reccgnts&l at transacth)n Val￿ and subwuentty measurèj at Ihwr setuement value. I Stocks and Assets Hekl for Sale St(th Assets Hdd fc* Sale are sLqt8J atthe bhwof¢ost or net realtsablè val￿. 27 QUEEN ALEXANDRA COLLEGE NOTES TO THE FINANCIAL sTATEME1￿s YEAR ENDED 31 JULY 2023 ACCOUNTING P(XICIES continu (kl Investments Investrnen15 are ststed at marf(et value at the balan￿ sheet date Any gain LY b)ss ￿ revalUth"C￿ is taken lo the Statemert of F4)anco1 klMt*s. Inveslmwts ¥1 a￿ at cosL 111 Pension Costs Rets"remenl benefrtstoleaching slaff are provthd bylhe Tethrs. pens￿ Sclwe ITPS). This ts ader￿ed benefit scheme arKI the asset5 are hekj Sepa￿telY frcm those of the Col*e The TPS is an unfunded scheme ar%1 conlnbutsons are calcuLited so as lo spreaj the cost of pensh￿S over empbyees, with the Col*e in such a way thal Ihe pen5Dn cost is a sub5tantslty level pwcenta3e of current aThJ fvlure penso￿le payroll. The conlribub'ons are detemiin&J bythe G0￿MMentActLWY cffl the bas.s dquinquenn￿l valuations using a prospec*ve benefrt metW. The TPS Ks a MU￿￿emP￿er scheme aThJ the Col* unable to Identify ts share ofthe under￿'n9 assets and liabiltss of the sctrwe m a ¢￿$￿stent and reas￿ basis. The TPS SCh￿e is therefore treated as a defined conlributKM scheme and o)nlnbutixs are recCNJniS￿ as they are paid e￿h year. The Colkge aLs0 operales separate defined contrbutTh schemes for rK)n.leth￿g staff. Tt* cost to the group ofpension contriTrxJtN)r6 6 Sh￿ in 7 to the sL*ments ￿ the grow) had r¥J WTear5 of ¢￿tributionS ai Ihe year-end. Im) Funds Restricted Funds These consist of rec8ved by￿ College for SFth purF4)ses kn eyEthJrture to date. Un￿tricted Funds This fund represents the xcumulatej surF4use5 arrAry frcffi the Col&3e's In) Voluntary Help and Grfts In Kind No finarKial Wah￿ has l)w attributed to the NDlurtary by the Col&aeduring the year. Any other gnl in kind is valLRd vthen receNeJJ ￿ is in tr* Ststen*rt Finarrial Al#￿it￿$. (o) Recognition of Llabilitie5 All kncwn lth.ltss at 31 Juty 2023 have been ￿nIs. CHARITA8LE STATUS oU￿n Alexandra College is a registw&J charty arnj ts ex8W frLyn In￿)re Tax aThJ C•tsl Gains Tax pThided its income and gans are applied for charrtable pU￿e$. QUEEN ALEXANDRA COLLEGE NOTES TO THE FINANCIAL STATEMEpirs YEAR ENDED 31 JULY 2023 CHARITABLE ACTMTIE Year 31 Juty 2022 31 Juty 2023 Income fr(xrt Charllable A¢O¥lUes." Educatsn and s￿1$ FuTrlirg StLxlent Furnthrfj Educat"on and SkJThs FuThJiro Agency Free VeaLs FuTrJirg EduL8ton and S￿11$ FurnJirYJ maintWa￿e Educab'on a￿1 ShilL% Furdiry Poency Tethr5 Pewwfj FLTh3ir(J Educaton aThJ S￿.1￿ Fur￿1￿ p￿CY Ma55 Te5trJ Fthl Educabon aTrY s￿'lL$ FuThYir¥J Wcy 1&19 Tur0￿ FWKJ Totsl Educat1￿ and Skills FundingAgen Local Au￿)ntsts Student Fundir¥*nses aThJ PLknltatKns 26.583 62.S81 38.913 45.924 76.%5 64.559 16,255 36,284 416.695 38.869 10.830 49.856 24. $3.873 24, 451. 49.S87 7.7C13 24.240 212 71 3.622 13,￿1.194 4.373 14.684.(65 R•sIri¢t￿ Funds Depreciatson In(e￿n Ccrtrol Non.Staff CA Leamiw Ewse Other Costs 311.711 43,503 34,723 6213 51.417 125. 573,535 286,723 6,579 19,016 6,200 103,822 402,340 Othercosts of Raising Funds Staff C¢xts Caterir@ Cc6ts Management Cwes Investrnert Funds Cost of Gcojs Sokj Other Costs 1￿.681 87.739 12,373 3,383 13,132 47.264 150.772 174.307 Totsl Costs of RaL%irg FuTrJs 747.842 553,112 NETINC Year 31 2023 Year 31 July 2022 Net Inccffie is stat8J after chargityJ'. OperabrrfJ Lease5.' Rent Hire of Equipment Staff Costs Auditors, Remunefttion". Extemal Audit s￿￿￿e5 Other servtes Depreckation cl Assets 931.843 21,421 11,C61.493 29.240 1,200 539 585 747,735 11.086 9,835.258 29,600 543.118 STAFF COSTS Year 31 Juty 2023 Year 31 July 2022 Wages SaL¥ies Social Securty Costs Other Pens￿￿ Costs Agency staff costs 9,￿.474 785,115 .230 349.674 11.C61.493 8.421.433 707,349 498,277 208,199 9,835,258 Staff Costs of£11,C61.493 {2022, £9.83S,257) I￿Ude ex g￿ja aThJ Tedundarry￿ts of £12,7*12022; £niQ. QUEEN ALEXANDRA COLLEGE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2023 STAFF COSTS continued Year 31 Juty 2022 Number 31 Juty 2023 Number The *eekty numt*r (fl￿ lime equNaknl) Ll empbyees during the year was as fdky14S'. Teaching and Staff Care Staff Offr£ and marnag￿￿ QAC Enlefprises Maintenanee Staff 214 14 10 329 Avw he*ount th[w9￿ut the ywvtas 44212022.'4231 wnt4)yees. The nUrter0f￿nFtyes In¢￿ded atthewtrK6eeamI￿J$ {indudirvJ tax*e benefits in kirvj. ex gratk? a￿1 ￿Jur￿9ar¢y costs) exceeded £60,000 were. Year 31 Juty 2023 Year 31 July 2022 Number Number £60,00010 £69,999 £100,0￿) lo £109,999 The College also m>Je FensK)n ec￿rt>ulThs n resFect of 412025., 51 of the 412022.. 51 empbyees noted at￿e. c0nlrt*ut￿n5 into per￿￿￿ sd)w*s for h>Jher pahj ￿p*￿e$ *nounted to £44.53512022." £45.65n The key mana3ement per50nnd of the Col￿ge are the PrirK3pal, Deputy Prir￿al. Ihe Direct￿ of Govemance and the Directorof Finar￿e ar*J Resources. The employee berthsofkeymanwent personnet V￿re £323,421 (2022", £311.11XI No remunerat￿￿ was pawj lo any Gwnci. Dumg Ihe Y￿ m C*)verTrJr dawned any expenses12022'. nill. All exFensesare incurr&J exdL￿IY ncaThyry CKrtdulE5asknm(xs Llthe C01kgear￿ are in with Ihe College ￿nS￿'tU1￿. FIXED ASSETS Freehold Land and 8uiklings Leasehokl Fixtures Land and Buiklings Assets Motor Computer Under Fittings Vehicles Equipment Constrnction Group and College Total 31 July 2022 Additions Oisp05al$ Trnnsfer5 31 July 2023 Oepreciation 31 July 21Y22 Provided in Ihe Year Elinwnated on disposal 31 July 2023 Net Book Values 31 July 202J 31 thjly 2022 1.497,PA 7.Th)8.937 2.8CQ.59) 238.234 424.494 2.￿3.185 145,522 218,519 14.735,073 144.535 753,139 188.125 7 CrfJ8.937 3.421.2Q3 276.822 18.519 144.535 15.488.212 1.497.eA)6 3139 101 492.522 28.459 1.854.874 140,177 1.911.328 187.470 214.1eA% 10.368 2,703,829 173,111 7,2C6.719 520.981 1.935.051 2.128.faB 224.534 2.876.940 7,746.304 978.827 1.(X)5.086 5.013. 5,154,C63 I,2W2.411 7.262 52.288 24.(b8 262,161 259,356 144.535 7.741,9)8 218,519 7.528,354 The Net8cok Value ofAssetsthatare SU￿4￿1t0dep￿13l￿as a 31 july2￿3 was £7,667,23312022.. £7,453,679). 31 QUEEN ALEW40RA COLLEGE NOTES TO THE FINANCIAL STATEMENTS YEAR ENt)ED 31 JULY 2023 INVESTMENTS Group and College Queen Akxandra Colege ct•ms the ￿ clthe share of 1¢)) shares of£1 e&h of QAC Enlerprtses Limrt8I, a company incorpyaed in ErrfJland & Waks Iccfflpany Nwnter 1￿3891. The cernpany operaies three distinct t1j￿neSSes". a spec&alist transcrplbjn se1¥1￿ Fonnats), the s& of canes forthe wsually impaired and Ihe'sight Vilkge. series of exh￿rt￿$ for b11￿1 arKI visualy ￿n￿red. pTrfts bLL8irwses a￿ Gft Akded to the College. The lumover the yEar eThJed 31 Juty 2023 was £760,023 {2022., £604.$821 and the Grft￿d payment was £185,83512022. £202.242). QAC Ent￿Se5 net&sets and reseNes of£11.105 al the year-end 121r22, £10,738). Queen A￿Xan￿rn aso tr•ms tre whole d the issued Sha￿ capita of 1 share ￿ £1 crf QAC Suh¢ Village Limrted and the of ¢ssued share eaFMta of 1 sh*e of £1 ￿ S@hl Vil*e Limled. These compan*s a inC￿rIxated in ErKJland & Wates and have remain&J tknnarrt SI￿ tsr on 6 Febnèry 2010 16 ju￿ 2012 respecbvety Investments Unwtricted Fund ovements in the Investrment Fund manag6*y by E*i Parlners Year 31 July 2023 Year 31 July 2022 Market Value at ￿ginning of y AddilK)ns to investmenl at cost Dtsp¢)sals at marf(el Value Net reaised and unwlised investsmwrt gal￿1￿$) T¢Ja Invesbment Fun Shares in substdwy ccThpan Ckjsing Balance 2,619.282 108,630 2,739.424 293,776 {245.1821 168.736 2.619,282 102 2,619,384 42.325 2,685,587 102 2,685,689 Al 31 Juty 2023 no wivestments rep￿Sefited in excess d 5% ofthe p￿12022. r¥ll. Cash hehy by the Investsnenl FuTrJ manaws Smth & wil￿MS0n at 31 Juw 2(Y23 of £68.76812022." £118,930) has teen InC￿ded on the baknce Sh￿ Und￿ short4erm dep￿. s wthin current assets. 31 Juty 2023 31 July 2022 Lislaj Secullbes Total Investments in In￿r￿rt FuThJ QAC Enterprises Limrted QAC SKJhl VIlLwJe Limited Sohl Village Linrted Tclal Inve5trnents 2,685,587 2,685,587 10) 2,619,282 2,619,282 100 2.685.689 2.619,384 QUEEN ALEXANDRA COLLEGE NOTES TO THE HNANCIAL STATEMENTS YEAR ENDED 31 JULY ¥J23 10. DEBTORS: Amounts falli due within one 31 Juty 2023 lege 31 July 2022 College Group Group Amount due frcyn BRIB Trade Debtor5 Amounts d(* SUbs￿l8ry Prepayments Accrued Income Other Debtor5 191.540 e4)2.165 191,540 397,230 372,245 251,674 617.225 34,381 1,864,295 1.431 414,672 1,431 259,804 319,129 256,080 471,763 14,804 1.323,011 267,017 595.105 14.804 1.293,029 688.612 34.381 1.830,918 11. CREOITORS: Amounts falli due within ong 31 Juty 2023 College 31 July 2022 College Group Group Trade Credtots Amount due to 8R18 Amount due to Subsbjiary Offter Lcon Tax and Social SerJJnty Pensions Contributi)ns er Credrtors Atcruals Fees in Advance 292.637 ,148 468,501 464.051 225.587 225.587 62,486 84,477 687,150 273,418 1.623,2e6 218.686 71.515 90.449 745.348 239.￿1 1.834.460 218,686 71,515 90,449 738,039 236,9S1 1.819,701 695.324 273.474 1.633.985 Deferred income rdates to •r￿C￿e frun the Edl￿t￿ and Skdb Fundir#J Agerq. L¢xal AUlh￿l￿ and other Sour￿ receNed in ad￿d￿￿. The movrnt ￿ the defetred irKrYne ￿9)Unt duriryJ the year was.. Group College Balan￿ a 1 Ju5y 2022 Amounts relea￿￿ in ltr* y mounts deferrad in the Jpar Balance at 31 July 2023 239,961 1239,9611 273,474 273,474 335,788 1332,1101 236 280 239,*1 1Z FINANCIAL INSTRUME 31 Juty 2023 College 31 July 2022 College Group Group FinarKial Assets Financial Assets measur&J at fair value through SOFA Cash & Cash EquNalents Financial Assets that * Ciebt Insbuments Measured atAmortLs&J Cc61 2.685.587 2.253.483 2.685,587 2.202,885 2,619.284 3,428.754 2.619,284 3.379.749 1.568.382 6,507,452 1.240.376 6,128,848 1024.581 7,072,619 746.371 6,745,SD4 FIn￿rIal Liabifrt Financral LiabilrtEs Measured at￿￿K￿lI￿3 C(6t 1072.438 1.C61.775 1.292 539 Financial assets measured at faw Vall￿ through the SOFA c(Mnpwffixed asset investments in a tr*ir#J FortfofD of listed company shares and unli%ted securities. wh￿h are val￿d at the qLMX8J martet pr￿e. Financial instruments nwsured al am¢yb"sed cc61 t￿mpr￿etr* debtors. inccfneaTrJ ￿her$￿ebt0f$. Fina￿la1 assets also indude cash and cash equivaknts. Financd Ik4biltss me*Jred at amotsed c05t eomprise tr* credrtors, other credrtors, other k)ans and acwals. EEN ALEXANDRA COLLEGE PIOTES TO THE FINANCIAL STATEMENTS YEAR ENtED 31 JULY 2023 13. RECONCIUAnON OF MOVEMENT IN GROUP AND COLLEGE FUNDS Fund Fund 31 July 2023 31 July 2022 Total Total Funds As at 31 July 2022 College subS￿lary Growi fvlovement in the l>oriod Net IncLYne Cc41ege Subsidiary Group Trdnsfers between lunds Cdlege Subsidiary Grc4JP As at 31 July 2023 Cdlege Subsidiary Grc4JP 10.389.882 10.638 10,4CMJ.520 1.385.CO) 1,255.912 13.030,794 10,638 13.041.432 12,813.310 10.000 12,823.310 1,38S,OC 1,255.912 31.671 {283.CKQI (159,2831 367 158916 217,484 638 218 122 283C 204,1 {204,160} 204 160 10.S25,719 11,005 lo.￿.724 1,102,CO) 1.143,792 12,871,S11 11,005 12,882,516 13,030,794 10,638 13.041,432 1.102.OC 1.143.792 PURPOSE OF DESIGNATED FUNDS Site Expansion Fund £1m set ade lo support necessary inveslmert in srte exparwi wll te rquir￿ rfthe ￿l￿)e ts to achieve its rtJjectNes in ts Strateg￿ plan. Wth In *udent num1￿ Lw a s￿nfftant ekn)enl d the strate9ic pkn rt is estimated that in excess of£lm of In￿$￿1)ent frcffl ￿se￿5 be I￿Vire￿ in order to pyovth the f&ilities neetsj to xcommc