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|||Page|
|---|---|---|
|Reference and Administrative<br>Details ofthe Charity, its Trustees and Advisers|||
|Trustees' Report||2-9|
|Independent|Auditors'<br>Report on the Financial Statements|10-13|
|Consolidated|Statement of Financial Activities|14|
|Consolidated|Statement of Financial Position|15|
|Company<br>Statement ofFinancial Position||16|
|Consolidated|Statement ofCash Flows|17|
|Notes to the|Financial Statements|18-42|





|Trustees|||G. F.Pine, chairman|G. F.Pine, chairman||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||S. A. Coen,|CEO, joint||principal|(until 31 August||2022) and accounting||officer of|
||||subsidiary<br>trading college|||||||||
||||L de Abreu,|Principal||(from 01 September||2022), joint principal||(until|31 August|
||||2022) ofsubsidiary||trading college|||||||
||||S.J.Atkins|||||||||
||||J.P. Emery|||||||||
||||N. Patel|||||||||
||||S.R.Watson-Fowler|||||||||
||||P. Catterall<br>(appointed<br>10January||||2023)|||||
|Company|registered|||||||||||
|number|||03636078|||||||||
|Charity registered||||||||||||
|number|||1073945|||||||||
|Registered||office|Monkstone<br>House|||||||||
||||City Road|||||||||
||||Peterborough|||||||||
||||PE1 1JE|||||||||
|Chief executive officer|||S.A. Coen|||||||||
|Independent||auditors|Venthams|||||||||
||||Chartered<br>Accountants|||||||||
||||Statutory<br>Auditor|||||||||
||||Summit House|||||||||
||||12Red Lion|Square||||||||
||||London|||||||||
||||WC1R 4QH|||||||||
|Bankers|||Barclays Bank pic|||||||||
||||Bexleyheath|Business Centre||||||||
||||Kent|||||||||
|Solicitors|||Greenwoods|I egal|I LP|||||||
||||Monkstone<br>House|||||||||
||||City Road|||||||||
||||Peterborough|||||||||
||||PE1 1JE|||||||||





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||||||||As restated|
|---|---|---|---|---|---|---|---|
||||Endowment|Restricted|Unrestricted|Total|Total|
||||funds|funds|funds|funds|funds|
|||Note|2022<br>F|2022<br>F|2022<br>F|2022<br>F.|2021f|
|Income||||||||
|Charitable<br>activities||5||207,161|356|207,517|200,470|
|Other trading<br>activities||||||||
|-subsidiary<br>turnover||6|||5,332,082|5,332,082|6,022,464|
|Total income||||207,161|5,332,438|5,539,599|6,222,934|
|Expenditure<br>on:||||||||
|Expenses ofthe||||||||
|subsidiary<br>excluding||||||||
|rent paid - excluded|on|||||||
|consolidation|||||4,840,068|4,840,068|5,447,113|
|Charitable<br>activities:||8||||||
|Grants to support the||||||||
|performing<br>arts||||1,814|15,698|17,512|2,726|
|Interest on finance||||||||
|leases and deprecation||||||||
|on the related assets||||101,292||101,292|97,006|
|Governance<br>costs||||17,280|11,989|29,269|16,256|
|Interest on bank||||||||
|loans|||||73,207|73,207|69,575|
|Total expenditure||||120,386|4,940,962|5,061,348|5,632,676|
|Net income forthe||||||||
|year (net movement||||||||
|in funds)||||86,775|391,476|478,251|590,258|
|Reconciliation<br>of||||||||
|funds:||||||||
|Funds brought<br>forward|||1,755,035|928,841|2,635,795|5,319,671|4,729,413|
|Net income for the year||||||||
|(net movement<br>in||||||||
|funds)||||86,775|391,476|478,251|590,258|
|Funds carried||||||||
|forward|||1,755,035|1,015,616|3,027,271|5,797,922|5,319,571|





## 

|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note||F|||
|Fixed assets|||||||
|Tangible assets||12||7,957,567||7,938,947|
|||||7,957,567||7,938,947|
|Current assets|||||||
|Stocks||15|17,727||21,493||
|Debtors||16|130,196||71,256||
|Cash at bank and|in hand||819,492||803,891||
||||967,415||895,640||
|Creditors: amounts|falling due within one||||||
|year||17|(1,061,242)||(877,627)||
|Net current assets Iliabilities||||(93,827)||19,013|
|Total assets less|current liabilities|||7,863,740||7,957,960|
|Creditors: amounts|falling due after more||||||
|than one year||18||(2,065,818)||(2,638,289)|
|Total net assets||||5,797,922||5,319,571|
|Charity funds|||||||
|Endowment<br>funds||20||1,755,035||1,755,035|
|Restricted<br>funds||20||1,015,616||928,841|
|Unrestricted<br>funds||20||3,027,271||2,635,795|
|Totalfunds||||5,797,922||5,319,671|





## 

|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note||F|||
|Fixed assets|||||||
|Tangible assets||12||6,854,531||6,832,948|
|Investments||13||70,000||70,000|
|||||6,924,531||6,902,948|
|Current assets|||||||
|Debtors||16|61,053||50,000||
|Cash at bank and|in hand||446,052||363,743||
||||507,105||413,743||
|Creditors: amounts|falling due within one||||||
|year||17|(585,890)||(453,692)||
|Net current assets Iliabilities||||(78,785)||(39,949)|
|Total assets less|current|liabilities||6,845,746||6,862,999|
|Creditors: amounts|falling due after more||||||
|than one year||18||(2,065,818)||(2,638,289)|
|Total net assets||||4,779,928||4,224,710|
|Charity funds|||||||
|Endowment<br>funds||20||1,755,035||1,755,035|
|Restricted<br>funds||20||1,015,616||928,841|
|Unrestricted<br>funds||20||2,009,277||1,540,834|
|Totalfunds||||4,779,928||4,224,710|
|The Charity's<br>net movement||in funds for the year was|8555,218(2021|-8692,368).|||





||||||2022|2021|
|---|---|---|---|---|---|---|
||||||6||
|Cash flows from operating||activities|||||
|Net cash used<br>in operating|activities (see||note 22)||542,795|773,392|
|Cash flows from investing||activities|||||
|Purchase oftangible<br>fixed assets|||||(103,129)|(76,676)|
|Additions<br>to investment<br>properties|||||(61,850)|(1,176,895)|
|Net cash used in investing||activities|||(164,979)|(1,253,571)|
|Cash flows from financing||activities|||||
|Cash inilows from new borrowing||||||575,729|
|Repayments<br>of bonowings|excluding<br>interest||||(362,215)|(356,455)|
|Net cash (used in)/provided||by financing||activities|(362,215)|219,274|
|Change<br>in cash and cash||equivalents|in the year||15,601|(260,905)|
|Cash and cash equivalents||at the beginning||ofthe year|803,891|1,064,795|
|Cash and cash equivalents||at the end|ofthe year (see note 23)||819,492|803,891|





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|||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2022|2022|2022|
|||||F|6|6|
|Support|ofthe performing|arts||207,161|356|207,517|
||||||Restricted|Total|
||||||funds|funds|
||||||2021|2021|
|||||||6|
|Support|ofthe performing|arts|||200,470|200,470|
|Income|from other trading activities||||||
|Income|from non charitable||trading activities||||



|||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2022|2022|
|||||||6||
|Income ofthe subsidiary-||ofa charitable|nature as the supply||ofeducation|||
|in the performing|arts but|as the Subsidiary||is not a charitable|entity this is|||
|treated as trading|income|||||5,332,082|5,332,082|
|||||||As restated|As restated|
|||||||Unrestricted|Total|
|||||||funds|funds|
|||||||2021|2021|
|||||||6||
|Income ofthe subsidiary-||ofa charitable|nature as the supply||ofeducation|||
|in the performing|arts but|as the Subsidiary||is not a charitable|entity this is|||
|treated as trading|income|||||6,022,464|6,022,464|





## 

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## 

## 

||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2022|
||||F|6|6|
|Auditors'|remuneration|||4,800|4,800|
|Auditors'|non|audit costs||4,800|4,800|
|Legal costs||||2,173|2,173|
|Fundraising||costs||216|17,496|
|Total 2022|||17,280|11,989|29,269|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2021|2021|
|||||6|6|
|Auditors'|remuneration|||5,400|5,400|
|Auditors'|non|audit costs||5,400|5,400|
|Legal costs||||5,241|5,241|
|Fundraising||costs||215|215|
|Total 2021||||16,256|16,256|





## 

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## 

||||||Restricted|Unrestricted||
|---|---|---|---|---|---|---|---|
||||||funds|funds|Total|
||||||2022|2022|2022|
||||||F|6|6|
|Support ofthe performing|arts including|governance||costs|19,094|27,687|46,781|
|Interest on bank loans||||||73,207|73,207|
|Interest on finance leases|and deprecation||on the related|||||
|assets|||||101,292||101,292|
|Total 2022|||||120,386|100,894|221,280|
||||||Restricted|Unrestricted||
||||||funds|funds|Total|
||||||2021|2021|2021|
||||||||6|
|Support ofthe performing|arts including|governance||costs||18,982|18,982|
|Interest on bank loans||||||69,575|69,575|
|Interest on finance leases|and deprecation||on the related|||||
|assets|||||97,006||97,006|
|Total 2021|||||97,006|88,557|185,563|





## 

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## 

|Auditors'|remuneration|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
||||||||||5|
|Fees payable to the Charity's|||auditor||for the|audit ofthe Charity's|annual|||
|accounts||||||||4,800|5,400|
|Fees payable to the Charity's|||auditor||in respect of:|||||
|non-audit|services not included|||above||||4,800|5,400|
|Employee|and staff details|||||||||
||||||||||Group|
|||||||||Group|As restated|
|||||||||2022|2021|
||||||||||5|
|The staff|costs incurred|by|the subsidiary|||were as follows:||||
|Wages and salaries||||||||3,105,451|3,654,554|
|Social security costs||||||||278,084|313,05T|
|Contribution<br>to defined contribution|||||pension|schemes||154,710|189,237|
|||||||||3,538,245|4,156,875|



||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
||||No.|No.|No.|No.|
|Directors ofthe subsidiary|||2|2|||
|Other key management||personnel|2|3|||
|Teaching staff|||53|51|||
|Non teaching staff|||27|2T|||
|Non-executive|directors|of both The|||||
|Foundation<br>and The College|||||||
|Non executive|directors|of The Foundation|||||
||||90||||





## 

## 

|Group|Group|
|---|---|
|2022|2021|
|No.|No.|



## 

||||||2022|2021|
|---|---|---|---|---|---|---|
||||||f.||
|S.A.|Coen|Remuneration|||118,000|118,210|
|||Pension|contributions|paid|15,979|17,975|
|L.de|Abreu|Remuneration|||100,300|100,510|
|||Pension|contributions|paid|13,882|12,626|





## 

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## 

||Long-term|Short-term|Costumes,||Plant,||
|---|---|---|---|---|---|---|
||leasehold|leasehold|props and|Motor|equipment||
||property<br>f|property<br>f|instruments<br>F|vehicles<br>f|and fixtures<br>F|Total<br>f|
|Cost or valuation|||||||
|At 1 August 2021|6,904,113|1,321,959|244,654|39,184|579,708|9,089,618|
|Additions|61,850|42,726|14,977|-|45,426|164,979|
|Disposals|||||(12,877)|(12,877)|
|At 31 July 2022|6,965,963|1,364,685|259,631|39,184|612,257|9,241,720|
|Depreciation|||||||
|At 1 August 2021|71,165|500,025|165,718|25,038|388,725|1,150,671|
|Charge for the year|40,267|39,134|16,021|2,829|43,820|142,071|
|On disposals|||||(8,589)|(8,589)|
|At 31 July 2022|111,432|539,159|181,739|27,867|423,956|1,284,153|
|Net book value|||||||
|At 31 July 2022|6,854,531|825,526|77,892|11,317|188,301|7,957,567|
|At 31Ju/y 2021|6,832,948|821,934|78,936|14,146|190,983|7,938,947|





## 

||Investments|
|---|---|
||in|
||subsidiary|
|Charity|companiesf|
|Cost or valuation||
|At 1 August 2021|70,000|
|At 31 July 2022|70,000|



## 

|Name|||Company|Registered|office or principal|Principal|activity|
|---|---|---|---|---|---|---|---|
||||number|place ofbusiness||||
|The Doreen|Bird College|of|03088287|1 Bedford|Row, London, WCR1|Performing|Arts|
|Performing|Arts Limited|||4BZ||College||
|Class of|Holding|Included|in|||||
|shares||consolidation||||||
|Ordinary|100%|Yes||||||



||The financial|results ofthe subsidiary<br>for t|he year were:||||
|---|---|---|---|---|---|---|
||Name||Income|Expenditure|Profit for|Net assets|
||||F|excluding|the year|F|
|||||Gift Aid|before Gift||
|||||payment|Aid||
|||||F|payment||
||||||F||
||The Doreen|Bird College of Performing|5,332,082|5,140,068|192,014|1,087,994|
||Arts Limited||||||
|15.|Stocks||||||
||||||Group|Group|
||||||2022|2021|
|||||||5|
||Goods for resale ofthe subsidiary||||17,727|21,493|





## 

## 

||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
||||6||6||
|Due within one year|||||||
|Trade debtors|||14,506|8,501|||
|Amounts<br>owed by group undertakings|||||61,053||
|Other debtors|||10,890|12190|||
|Prepayments|and accrued income||104,800|50,565||50,000|
||||130,196|71,256|61,053|50,000|
|Creditors: Amounts||falling due within one year|||||
||||Group|Group|Charity|Charity|
||||2022|2021|2022|2021|
||||6||6|2|
|Bank loans|||318,530|127,054|318,530|127,054|
|Trade creditors|||104,571|57,714|||
|Amounts<br>owed to group undertakings||||||79,258|
|Other taxation|and social security||109,414|111,333|||
|Obligations<br>under finance leases|||258,960|240,180|258,960|240,180|
|Other creditors|||90,252|66,758|||
|Accruals and|deferred|income|179,515|274,588|8,400|7,200|
||||1,061,242|877,627|585,890|453,692|



## 



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|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||6||6||
|Bank loans||1,675,145|1,988,656|1,675,145|1,988,656|
|Obligations|under finance leases|390,673|649,633|390,673|649,633|
|||2,065,818|2,638,289|2,065,818|2,638,289|



## 



## 

## 

|||Balance at 1|||Transfers|Balance at|
|---|---|---|---|---|---|---|
|||August 2021|Income|Expenditure|in/out|31July 2022|
||||6|F|6|6|
|Unrestricted|funds||||||
|General Funds - all funds||2,595,686|5,332,438|(4,940,962)|5,941|2,993,103|
|Revaluation|reserve ofthe||||||
|subsidiary||40,109|||(5,941)|34,168|
|||2,635,795|5,332,438|(4,940,962)||3,027,271|
|Endowment|funds||||||
|Endowment|Funds - all funds|1,755,035||||1,755,035|
|Restricted|funds||||||
|Conditional|donations|1,814||(1,814)|||
|Alma Road|Site|927,027|207,161|(118,572)||1,015,616|
|||928,841|207,161|(120,386)||1,015,616|
|Total offunds||5,319,671|5,539,599|(5,061,348)||5,797,922|





## 

## 

|Statement offunds (cont|Statement offunds (cont|Statement offunds (cont|inued)|inued)|||||
|---|---|---|---|---|---|---|---|---|
|Consolidated<br>statement|||offunds - prior year||||||
|||||Balance at|||||
|||||1August|As restated|As restated|Transfers|Balance at|
|||||2020|Income|Expenditure|infout|31Ju/y 2021|
|Unrestricted||funds|||||||
|General Funds - all funds||||2,098,739|6,022,464|(5,532,944)|7,427|2,595,686|
|Revaluation||reserve ofthe|||||||
|subsidiary||||47,536|||(7,427)|40,109|
|||||2,146,275|6,022,464|(5,532,944)||2,635,795|
|Endowment||funds|||||||
|Endowment||Funds - all funds||1,755,035||||1,755,035|
|Restricted||funds|||||||
|Conditional||donations||4,540||(2726)||1,814|
|Alma Road||Site||823,563|200,470|(97,006)||927,027|
|Restricted|Fund 4||||||||
|||||828,103|200,470|(99,732)||928,841|
|Total offunds||||4,729,413|6,222,934|(5,632,676)||5,319,671|





## 



## 

|Analysis|ofn|et assets between funds -|current year||||
|---|---|---|---|---|---|---|
||||Endowment|Restricted|Unrestricted|Total|
||||funds|funds|funds|funds|
||||2022|2022|2022|2022|
||||6|F|6|6|
|Tangible|fixed|assets|1,755,035|1,665,249|4,537,283|7,957,567|
|Current|assets||||967,415|967,415|
|Creditors|due within one year|||(258,960)|(802,282)|(1,061,242)|
|Creditors|due|in more than one year||(390,673)|(1,675,145)|(2,065,818)|
|Total|||1,755,035|1,015,616|3,027,271|5,797,922|



|||||||Endowment|Endowment|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|funds|
||||||||2021<br>5|2021<br>f|2021<br>6|2021<br>5|
|Tangible|fixed|assets||||1,755,035||1,816,840|4,367,072|7,938,947|
|Current assets||||||||1,814|894,826|896,640|
|Creditors|due|within|one year|||||(240,180)|(637,447)|(877,627)|
|Creditors|due|in more||than one year||||(649,533)|(1,988,656)|(2,638,289)|
|Total||||||1,755,035||928,841|2635,795|5,319,671|
|Reconciliation||of|net|movement|in funds|to net cash flow from operating|||activities||
||||||||||Group|Group|
||||||||||2022|2021|
|||||||||||6|
|Net income for the|||year (as per Statement|||of Financial|Activities)||478,251|590,258|
|Adjustments||for:|||||||||
|Depreciation<br>and losses on disposal|||||||||146,359|169,271|
|Decrease|in stocks||||||||3,766|1,363|
|Decrease/(increase)|||in debtors||||||(58,940)|31,895|
|Decrease|in creditors||||||||(26,641)|(19,395)|
|Net cash|provided||by operating||activities||||542,795|773,392|






## 

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|||||Group|Group|
|---|---|---|---|---|---|
|||||2022|2021|
|||||8|8|
|Contracted|for but not provided||in these financial statements|||
|Acquisition|oftangible|fixed assets|||21,342|



## 

## 

|under non|-can|cellable<br>operating<br>leases as follows:|||
|---|---|---|---|---|
||||Group|Group|
||||2022|2021|
|||||8|
|Not later than||1 year|24,720|33,818|
|Later than|1 year and not later than 5 years||24,720|76,090|
||||49,440|109,908|





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