##
##
##
##
|StrategicReport|2to13|
|---|---|
|Trustees'Report|14to22|
|Reference andAdministrativeDetails|23 to24|
|IndependentAuditors'Report|25lo27|
|StatementofFinancialActivities|28|
|Balance Sheet|29|
|Statementof CashFlows|30|
|Notes totheFinancial Statements|31 to 49|
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##
|e firsttimeinover fou
registeredattheend|r yearswesa
of 2022-23.|wgroMhinthe|number ofce|ntresin mem|
|---|---|---|---|---|
||2022-23|2021-22|2020-21|2019-20|
|Registered centres
in membership|3,622|3,501|3,539|3,578|
##
##
##
|ASDAN|||||
|---|---|---|---|---|
||2022t23|2021t22|2020t21|2019t20|
|Delegatestrainedin|||||
|webinars todeliver|1,699|1,486|1,066|883|
|courses|||||
##
##
##
|Certification|Apr22-
Mar23|Apr 21-
Mar22|Apr20 -
Mar21|Apr19-
Mar20|
|---|---|---|---|---|
|Learners achieving ASDAN|||||
|regulatedqualifications atEntry|3,277|2,795|2,948|3,677|
|Level1-3|||||
|Learners achieving ASDAN
regulatedqualifications at Level1|1,460|1,636|1,611|2 622|
|Learners achieving ASDAN
regulatedqualifications atLevel2|1,852|2,218|2,536|3,192|
|Learners achieving ASDAN
regulatedqualifications atLevel3|751|739|427|1 662|
|Fullqualificationtotal|7,340|7,388|7,522|I1,153|
|Unit only|1,53 1|1,423|1 t022|1,884|
|Total(includingunit)|8,871|8,811|8,54|13,037|
##
##
|ent ontheprevious year.|||||
|---|---|---|---|---|
|Learners' achievements:All|Apr22-
Mar23|Apr21-
Mar22|Apr20-
Mar21|Apr19-
Mar20|
|Learners achieving ASDAN
accreditedprogrammes|7,754|7,547|7,018|10,595|
##
##
|er cent onthepreviousyear(53 per|centintheUK).||||
|---|---|---|---|---|
|Learners' achievements:AII|Apr22-
Mar23|Apr21-
Mar22|Apr20 -
Mar21|Apr19-
Mar20|
|Learners achievingASDANnon-
accreditedprogrammes|24,147|12,846|18,407|24,795|
##
##
|Learners'achievements :lnternational|Apr22-
Mar23|Apr21-
Mar22|Apr20-
Mar2'l|Apr19-
Mar20|
|---|---|---|---|---|
|Learners achievingASDANaccredited
programmes|2,036|1,570|1,711|2,293|
|Learners achievingASDANnon-
accreditedproqrammes|9,615|3,568|9,687|8,503|
|Learners achievingASDANregulated
qualifications atEntryLevel1-3|35|14|19|11|
|Learners achievingASDANregulated
qualifications at Level1|28|35|47|19|
|Learners achievingASDANregulated
qualifications atLevel2|98|124|72|91|
|Learners achievingASDANregulated
qualifications atLevel3|672|482|137|277|
##
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##
|.B.lrnDoidge(Vice-Chair).|Chair of Governors,Banruickand Stoford Community
Primary School. Examiner, Chartered lnstituteof|
|---|---|
||Marketing. Lecturer, Yeovil College|
|StephenFahey****|ContentStrategyDirector,OxfordUniversity Press
(resigned1 December2022)|
|JgmmaHancock***** ****|HeadofStrategicHR Business Partnering, Great
WesternRailway|
|Linda Peck**|Education Consultant andOfsted!nspector,former|
||Headteacher and SeniorSchoollmprovement
OfficerforBristol LA(resigned19 May2022)|
|JackPrice****|ManagingDirector, Computershare|
|Peter Scholey (Vice-|Former secondaryschoolHeadteacher,Local|
|Chair)**"|AuthorityOfficer and Education Consultant (stepped|
||down asVice-ChairSeptember2022)|
|Chris Smith*******|CompanyDirector,TydiLtdandHobbs House|
||Bakery Ltd. ChairoftheBoard,TheBritish Corner|
||ShopLtd. SouthWestRegional Council Member,
CBI (resigned18 May2023)|
|Pauline Trapp**|Education Consultant,formerSENCOandAssistant|
||Headteacher(resigned19 May2022)|
|VictoriaFitzGerald****|DirectorandFinancialConsultant,BriarsmeadLtd|
||Trustee,Bristol Old VicTheatre School.Member,|
||Trust inLearning (Academies)|
|JaswinderKaur*"*|Headteacher|
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##
||||Designated|Year ended|Year ended|
|---|---|---|---|---|---|
||Note|Unrestricted
€|fundst|2023
€|2022
€|
|lncome and Endowments from:||||||
|Charitableactivities
lnvestmentincome|3
4|3,063,113
gs,ogz||3,063,113
95,097|2,889,146
59,025|
|Other income||4,500||4,500|3,845|
|Totalincome||3,162,710||3,162,7102,952,016||
|Expenditure on:
Charitable activities|5|(2,a96,350)|(111,639)|(3,007,989)|(3,017,701\|
|Total expenditure||(2,896,350)|(111,639)|(3,007,989)|(3,017,701)|
|Gainsoninvestment assets|10|(103,999)||(103,999)|58,747|
|Net income/(expenditure)||162,361|(111,639)|50,722|(6,e38)|
|Transfersbetween funds||(67,059)|67,059|||
|Net movementinfunds||95,302|(44,580)|50,722|(6,938)|
|Reconciliation offunds||||||
|Totalfundsbrought forward||3,899,249|'t10,703|4,009,9524,016,890||
|Total fundscarriedforward|16|3,994,551|66,123|4,060,6744,009,952||
##
##
|(Registration nu
BalanceSheet as|mber:034262
at 31 March|51)
2023||
|---|---|---|---|
|||Year ended|Year ended|
||Note|2023f|2022
€|
|Fixedassets||||
|Tangibleassets|I|670,391|672,474|
|lnvestmentproperties|10|490,000|490,000|
|Listed investments|10|2,091,167|2,204,035|
|||3,251,558|3,366,509|
|Current assets||||
|Stocks||87,395|22,006|
|Debtors|11|455,65s|246,412|
|Cash atbank andin hand|12|1,241,596|1,354,644|
|||1,784,646|1,623,062|
|Credltorr:Amountsfalllngduewithlnonoyear|13|(e75,s30)|(979,619)|
|Netcurrentassets||809,116|643,443|
|Netassets||4.060.674|4,009,952|
|Funds of the charity:||||
|Unrestricted incomefunds||||
|GeneralFunds||3,994,551|3,899,249|
|Designatedfunds||66,123|110,703|
|Totalfunds|16|4.060.674|4,009,952|
##
##
||||Yearended|Year ended|
|---|---|---|---|---|
||||31March|31March|
||Note||2023f|2022
€|
|Cashflows fromoperatingactivities|||||
|Netcashincome/(expenditure)|||50,722|(6,e38)|
|Adjustmentetocashflows fromnon-cash items|||||
|Depreciation|9||36,807|37,188|
|lnvestmentincome|4||(9s,097)|(s9,02s)|
|Revaluationofinvestments|||151,341|(117,87s\|
||||143,773|
(146,650)|
|Working capital adjustments|||||
|lncreasein stocks|||(65,38e)|(772')|
|(lncrease)/decreasein debtors|11||(209,243)|2,170|
|(Decrease)/increase in creditors|13||[4,08e)|13,305|
|Net cash flowsfromoperating activities|||(1-34,948)|(131,947)|
|Cashflows frominvestingactivities|||||
|lnterestreceivable andsimilarincome|4||95,097|59,025|
|Purchase of tangiblefixedassets|9||(u,724)|(536)|
|Purchase of investments|10||(178,056)|(258,373)|
|Sale of investments|10||139,583|330,622|
|Net cash flowsfrominvesting activities|||21,900|130,738|
|||_|||
|Netdecreaseincashandcashequivalents|||(113,048)|(1,20e)|
|Cash and cashequivalents at1April|||1,354,U4|1,355,853|
|Cash and cashequivalentsat 31 March|||1,241,5961,354,644||
##
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##
##
##
##
|3lncomefromcharitableactivities|||
|---|---|---|
||Year ended|Year ended|
||2023|2022|
||c|e|
|External projects||90|
|Customersupport|1,377,757|1,298,338|
|Accreditation|793,227|687,977|
|Publishing &development|540,368|565,363|
|Promotional activities|351 761|337 378|
||3,063,1132,889,146||
##
|||Year ended|Year ended|
|---|---|---|---|
|||2023
€|2022I|
|lnterest|receivable andsimilarincome|22,772|16,099|
|lncome|fromrents|72,325|42,926|
|||95,097|59,025|
##
##
|5Expenditure on charitableactivities||||
|---|---|---|---|
||||Year ended|
||Unrestrictedfunds
DesignatedGeneral
ET||31 March
2023
€|
|Customer and centresupport|_|,t26,520|126,520|
|Accreditation|-|365,094|365,094|
|Premisesandpublication|-|537,031|537,031|
|Marketing and communications|-|118,812|118,812|
|Propertydevelopment andmaintenance|1,830||1,830|
|Management and admin||786,907|786,907|
|Information technology||374,188|374,188|
|Designandproductdevelopment||88,338|88,338|
|Sales andrelationshipmanagement||499,401|499,401|
|Transition to outsourcingofprinter activity fund|67,059|43|67,102|
|Professional Learning Communities fund|42 750|16|42 766|
||111,639|2,896,3503,007,989||
||||Year ended|
|---|---|---|---|
||Unrestrictedfunds
DesignatedGeneral
€f||31March
2022
€|
|Customer and centresupport|-|133,940|133,940|
|Accreditation|||334,500|
|Premisesandpublication|.|
ltt:?tl|496,1 58|
|Marketing and communications|-|127,729|127,729|
|Digitalstrategy|30,058||30,058|
|Financial assistance|38,256||38,256|
|Propertydevelopment andmaintenance|18,168||18,168|
|Research anddevelopment|18,155||18,155|
|PSE qualificqtion|13,510||13,510|
|Management and admin|-|758,495|758,495|
|Information technology|-|433,891|433,891|
|Design and productdevelopment||137,988|137,988|
|Sales andrelationshipmanagement|-|oru,uua|476,853|
||118,1472,899,5543,017,701|||
##
##
|Notestothe|Financial S|tatementsforth|eYear En|ded31March|2023|
|---|---|---|---|---|---|
|||Governance||Year ended|Year ended|
||Basis|costsSupport costs
€e||2023
f|2022
E|
|Staff costs|A|-|1,900,353|1,900,353|1,926,456|
|Depreciation|A||36,807|36,807|37,188|
|Training|B||1,882|1,882|10,079|
|ComputerandlT costs|B||53,699|53,699|75,114|
|Communications|B||57,232|57,232|36,032|
|Premises|B||72,750|72,750|49,625|
|Legal & professional|B||42,786|42,786|44,973|
|lnsurance|B||20,227|20,227|22,585|
|Other managementand||||||
|admin|B||220,584|220,584|139,067|
|Post, stationery and admin|B||133,107|133,107|113,053|
|Auditand accounting|A|12,992||12,992|11,770|
|Management fees|B||||638|
|||12,992|2,539,427|2,552,4192,466,580||
|Basis of allocation||
|---|---|
|Reference|Methodof allocation|
|A|%ofincome|
|B|Directly attributable|
##
|6Netincoming resources
Netincoming/(outgoing)resources for theyearinclude:|||
|---|---|---|
||Year ended|Year ended|
||31March|31 March|
||2023|2022|
||€|E|
|Depreciation of fixed assets|36,807|37,1BB|
|Fees payable to the charitablecompany'sauditor-Audit|12,992|11,770|
|Rentals payable underoperatingleases|121,455|136,712|
##
##
##
|8Staff costs
Theaggregatepayroll costswereas follows:||||
|---|---|---|---|
||Year ended|Year ended||
||31 March||31 March|
||2023t||2022I|
|Staff costs during theyear were:||||
|Wages and salaries|1,578,767||1,592,302|
|Socialsecuritycosts|168,714||163,853|
|Pension costs|152,871||170,301|
||1,900,352||1,926,456|
|The monthly average numberofpersons (including seni
year expressed as fulltimeequivalentswasas follows:|ormanagementteam) employedbyt|he charity duri|
|---|---|---|
||Year ended|Year ended|
||31 March|3{March|
||2023|2022|
||No|No|
|Customer and centresupport|5|5|
|Management and admin|11|11|
|Designandproductdevelopment|3|3|
|Information technology|5|6|
|Premisesandpublishing|2|2|
|Accreditation|o|11|
|Marketing and communication|4|4|
|Salesandrelationship management|10|8|
||49|50|
##
##
|||Year|ended|Year|ended|
|---|---|---|---|---|---|
|||31|March|31|March|
||||2023||2022|
||||No||No|
|e60,001|-€70,000||2||3|
|870,001|-€80,000||1|||
|e80,001|-€90,000||1||1|
|€90,001|-e100,000|||||
##
|9Tangible fixed assets||||||
|---|---|---|---|---|---|
||Freeholdland|Fixturesand||Computer||
||andbuildings||fittings|equipment|Total|
||c||€|e|€|
|Cost||||||
|At1April2022|862,608||129,096|245,003|1,236,707|
|Additions||||34,724|34,724|
|At 31March 2023|862,608||129,096|279,727|1,271,431|
|Depreciation||||||
|At1April2022
Charge fortheperiod|216,184
17,252||122,778
3,118|
225,271
16,437|564,233
36,807|
|At 31March 2023|233,436||125,896|241,709601,040||
|Netbook value||||||
|At 31March 2023|629.172|||38,019670,39'r||
|At31March2022|646.424||6,318|19,732672,474||
##
##
##
|10 Fixedasset investments|||
|---|---|---|
||Year ended|Year ended|
||31 March|31March|
||2023|2022|
||€|€|
|lnvestmentproperties|490,000|490,000|
|Listed investments|2,091,167|2,204,035|
||2,581,1672,694,035||
##
|lnvestment properties||
|---|---|
||lnvestment|
||propertiesf|
|Cost orValuation||
|At1April2022|490,000|
|Netbook value||
|At 31March 2023|490,000|
|At 31March 2022|490,000|
##
##
##
|Listed investments||
|---|---|
||Total|
||E|
|Gost orValuation||
|At1April2022|2,204,035|
|Revaluation|(103,eee)|
|Movements on thecashinvestmentintheportfolio|(47,342)|
|Additions|178,056|
|Disposals|(139,583)|
|At 31March 2023|2 091 167|
|Netbook value||
|At 31March 2023|2 091 167|
|At 31March 2022|2,204,035|
##
|11Debtors|||
|---|---|---|
||Year ended|Year ended|
||2023t|2022t|
|Trade debtors|353,302|212,115|
|Prepayments andaccruedincome|82,526|34,297|
|Other debtors|19,827||
||455,655|246,412|
##
##
|12Cash|andcash equivalents||||
|---|---|---|---|---|
|||Year ended|Year ended||
|||31 March||31March|
|||2023
€||2022f|
|Cashon|hand|132||502|
|Cashat|bank|1,241,464||1,354,142|
|||1,241,596||1,354,644|
##
|13Creditors: amountsfallingduewithinoneyear|||
|---|---|---|
||Year ended|Year ended|
||2023t|2022
€|
|Trade creditors|69,572|83,039|
|Other taxation and social security|64,513|63,004|
|Other creditors|25,888|34,331|
|Accruals|53,339|72,533|
|Deferred income|762,218|726,712|
||975,530|979,619|
||Year ended|Year ended|
|---|---|---|
||31 March|31March|
||2023|2022|
||€|€|
|Deferred incomeat1 April2022|726,712|711,207|
|Resourcesdeferredintheperiod|762,218|726,712|
|Amountsreleasedfromprevious periods|(726,712)|(711,207\|
|Deferred incomeatperiodend|762,218|726,712|
##
##
##
##
##
##
##
##
||Year|ended|Year|ended|
|---|---|---|---|---|
||31|March|31|March|
|||2023t||2022t|
|Other|||||
|VUithinoneyear||||54,611|
##
##
##
|16Funds||||||||
|---|---|---|---|---|---|---|---|
|||||||Other||
||Balanceat1|!ncoming||Resources||recognised|Balanceat31|
||April2022
€|resourcest||expended
E|Transfers
€|gains/(losses)
€|March2023
€|
|Unrestrictedfunds||||||||
|General||||||||
|Generalfunds|3,899,249|3,162,710||(2,896,349) (67,060) (103,999)3,994,551||||
|Designated||||||||
|Financialassistancefund|42,450||||||42,450|
|Propertydevelopment andmaintenance fund|2,770|||(1,830)|||940|
|Research anddevelopmentfund|61,849||||(47,760)||14,089|
|ProfessionalLearning Communities fund||||(42,750)|47,760||5,010|
|PSEqualificationfund|2,890||||||2,890|
|NewPhone system fund|744||||||744|
|Transition tooutsourcing ofprinter activity fund||||(67,060)|67,060|||
||110.703|||(111.640)|67,060||66,123|
|Totalfunds|4.009.952|3.
1|62.
710|(3.007.989)||(103,999)4,060,674||
##
##
||||||Other|||
|---|---|---|---|---|---|---|---|
||Balance atI|lncoming|Resources||recognised|Balanceat31||
||Apri!2021t|resourcest|expended
€|TransfersI|gains/(losses)
€||Itarch2O22
€|
|Unrestrictedfunds||||||||
|General||||||||
|Generalfunds|3,902,740|2,952,016|(2,899,554)|(114,700)|58,747||
3,899,249|
|Designated||||||||
|Financialassistancefund|42,450||||||42,450|
|Propertydevelopment andmaintenance fund|938||(18,168)|20,000|||2,770|
|Research anddevelopmentfund|24,304||(18,155)|55,700|||61,849|
|ProfessionalLearningCommunitiesfund|30,058||(30,058)|||||
|PSEqualificationfund|16,400||(13,510)||||2,890|
|New Phone system fund|||(4,256)|5,000|||744|
|New Finance system fund|||(34,000)|34,000||||
||114,150||(118,147)|114,700|||110,703|
|Totalfunds|4,016,890|2,952,016|(3,017,701)||58,747||
4,009,952|
##
##
##
##
##
##
##
##
##
##
##
##
|17Analysisofnetassetsbetweenfunds||||
|---|---|---|---|
||Totalfundsat
Unrestrictedfunds
31March
GeneralDesignated
2023
e€€|||
|Tangiblefixedassets
Fixedassetinvestments|670,391
2,581,167|-
-|670,391
2,581,167|
|Current assets
Currentliabilities|1,639,694
(955,703)|66,123
-|1,705,817
(955,703)|
|Totalnet assets|3,935,549|66,123|4,001,672|
|||Totalfundsat||
||Unrestrictedfunds
GeneralDesignated
€€||31March
2022
e|
|Tangible fixed assets|672,474||672,474|
|Fixedassetinvestments|2,694,035||2,694,035|
|Current assets|1,518,059|105,003|1,623,062|
|Currentliabilities|(e79,61e)||(979,619)|
|Totalnet assets|3,904,949|105,003|4,009,952|
##
|18Analysisofnetfunds||||
|---|---|---|---|
||Financingcash
At1April2022
flows
€t||At31 March
2023t|
|Cashatbankandinhand|1,354,644|(113,048)|1,241,596|
|Netfunds/(debt)|1,354,644|(113,048)|
1,241,596|
||Financingcash
At1April2021
flows
€f||At31March
2022
€|
|Cashatbank andinhand|1,355,853|
(1,209)|1,354,644|
|Net funds/(debt)|1,355,853|(1,209)|
1,354,644|
##
##
##
##
|Gategorisation offinancialinstruments|||
|---|---|---|
||2023|2022|
||€|€|
|Carrying amount offinancialassets|||
|Debt instruments measured at amortisedcost|353,302|212,115|
|Listed investments measured at fair value|2,091,167|2,204,035|
|Carrying amount offinancial liabilities|||
|Liabilities measured at amortised cost|159,973|180,374|