2022-06-30-accounts

			2022	2021
			Unrestricted	Total
			fund	funds
		Notes	E	5
INCOME AND ENDOWMENTS FROM
Donations and legacies			5,328,533	2,737,711
Other trading activities			52,159	20,035
Investment income			12	12
Total			5,380,704	2,757,758
EXPENDITURE ON
Charitable activities Supporting and promoting	education		5j$3~	2,889,821
Total			5463540	22)89821
NET INCOME/(EXPENDITURE)			(822I36)	(132,063)
RECONCILIATION OF FUNDS
Total funds brought forward			811,545	943,608
TOTAL FUNDS CARRIED FORWARD			728,709	811,545

		2022	2021
		Unrestricted	Total
		fund	funds
	Notes	8	E
FIXEDASSETS
Tangible assets	10	243,182	324,243
CURRENT ASSETS
Debtors		21,020	36,750
Cash at bank and In hand		631,105	842,819
		652,125	879,569
CREDITORS
Amounts falling due within one year		(166,598)	(392,267)
NET CURRENT ASSETS		485,527	487,302
TOTAL ASSETSLESSCURRENT UABIUTIES		728r703	811,545
NET ASSETS		728,709	811,545
FUNDS	14
Unrestricted funds		728,709	811,545
TOTALFUNDS		728,709	811,545

					2022	2021
				Notes	E	E
Cash flows from	operating	activities
Cash generated	from operations				(211,726)	239,711
Net cash (used In)/provided		by operating		activities	(222,726)	239,711
Cash flows from	Investing	activities
Interest received					12	12
Net cash provided by investing activities					12	12
Change in cash and cash equivalents			in the
reporting period					(211,714)	239,723
Cash and cash equivalents		atthe beginning
ofthe reporting	period				842419	603,096
Cash and cash equIvalents		atthe end	ofthe
reporting period					631,105	842,819

RECONCILIATION OF	NET E	XPEND	ITURE TO NET CASH FLOW FROM OPERATI	NG ACTIVITIES
				2022	2021
				E	E
Net capendlture for	the reporting		period (asper the Statement of
Flnandal Actlvkles)				(02/L56)	(132,063)
Adjustments for:
Depreciation charges				BL/I61	81,061
Interest received				(12)	(12)
Decrease in debtors				15,730	42,170
(Decrease)/Increase	in creditors			(225,669)	248,555
Net cash (used in)/provided		by operations		~211,726)	239,711

	At 1/7/21	Cash Row	At 30/6/22
	E	E	6
Net cash
Cash at bank and In hand	042g19	(222,714)	631,105
	842,019	{211,714)	631,105
Total	042+19	~211714)	631,105

				Provblon of
				student
		Promoting		accommodatl
		education		on0facgitles	2022
		6		6	6
Wages and related	costs	832,007			832,007
Property expenses		531,774			5$1,774
Course materia Is			78,497		78,497
Housing allowance				1,630,049	1,630,049
Student activities and recreation				387,537	387,537
Grant paid
		1,442,280		2,017,586	3/59,866
Governance costs (Seebelow)			20,917	29,261	50,178
Support costs (Seebelow)		814,335		1,139,163	1,953fl98
		2,277,532		3,186,010	5~6$,540
		Support	costs	Governance
		2022		costs 2022	Total?022	Basis ofapportionment
		E		E	5
Wages and related	costs	796,669			796,669	-Allocated	by department
Property expenses		1,064,248			1,064,248	-Pro rata based on sq meters
OfAce expenses			55,601		55,601	-The expenses Incurred were
						considered	to be support costs
ITexpenses			3,317		3,317	-The expenses Incurred were
						considered	to be support costs
Membership and registration			6,659		6,659	-The expenses Incurred were
						considered	to be support costs
Travel, subsistence	and		25,701		25,701	The expenses Incurred were
meeting costs						considered	to be support costs
Bank charges			1,304		1,304	-The expenses Incurred were
						considered	to be support costs
Legal fees				28,178	28,178	-Governance
Auditors remuneration				22,000	22,000	-Governance
				SB178	~23676

			Provision	of
			student
		Promoting	accommodatl
		education	on grfadgtles		2021
		E			6
Wages and related	costs	491,592			491,592
Property expenses		528,163			528,163
Course materials		(299)			(299)
Housing allowance			75,731		75,731
Student activities and			(5,319)		(5,319)
recreation
Grant paid
		1,019,456	70,412		1,0892RIB
Governance costs (See below)		48,878	3,376		52,254
Support costs (See	below)	1,634,787 2,703,121	112,912 1,747,6S9 186,7M~
		Support costs	Governance
		2021	costs 2021		Total 2021	Bash ofapportionment
		E	6		E
Wages and related costs Property expenses		715,26 976,374			715,26 976,374	-Allocated by department -Pro rata based on sq meter
Office expenses		43,461			43,461	-The expenses		Incurred	were
						considered	to	be support		costs
ITexpenses		4,394			4,394	-The expenses		incurred	were
						considered	to	be support		costs
Membership and registration		5,219			5,219	-The expenseslncurred			were
						considered	to	be support		costs
Travel, subsistence	and	2,052			2,052	-The expenses		Incurred	were
meeting costs Bank charges		937			937	considered to -The expenses		be support incurred	costs were
						considered	to	be support		costs
Legal fees				34,254	34,254	-Governance
Auditors remuneration				18,000	18,000	-Governance
		1747,699		52,254	~1799953

						2022	2021
						E	E
Wages and salaries						1,388342	1,026,561
Social security costs						1442I67	89,752
Other pension costs						95465	90,542
						12I28/I74	1,206,855
The average	monthly	number ofemployees		during the year was asfollows:
						2022	2021
Administrative	staff					20	16
Faculty staff						38	36
							52
The number	ofemployees		whose employee	benefits (excluding employer	pension	casts) exceeded	E60,000was:
							2021
E60,001 - E70,000							1
E80,001-E90,000							1
				27

TANGIBLE FI	XEDASS	ETS
				Fixtures
			Long	and	Computer
			leasehold	fittings	equipment	Totals
			E	5	5	E
COST
At 1stJuly 2021and		30th June 2022	1,742,809	135r892	52$,232	2,406,933
DEPREDATION
At 1stJuly 2021			1/28,566	1352I92	528332	2,082,690
Charge for year			$1,061			BLW1
At 30th June	2022		1~99,627	LSSW2	528432	2,163,751
NET BOOK VALUE
At 30th June	2022		243,182			243,1$2
At 30th June	2021		324,243			324,243
DEBTORS:AMOUNTS		FALUNG DUE WITHIN ONE YEAR
					2022	2021
					E	E
Prepayments	and accrued Income				21AI20	36,750

CREDITORS: AMOUNT	S FAILING DUE WITHIN ONE YEAR
		2022	2021
		E	E
Social security and other taxes		48,253	39,913
Other creditors		51,592	10,506
Accruals and deferred	Income	66,753	341,848
		166,598	392,267

						2022	2021
							6
	Within one year					1/)30,000	1,030,000
	Between one	and five years				2/J60,000	3,090,000
						3,090,000	4,120,000
14.	MOVEMENT	IN	FUNDS
						Net
						movement	At
					At 1/7/21	In funds	30/6/22
					6	5	5
	Unrestrkted	funds
	income fund				811,545	(82W6)	728,709
	TOTAL FUNDS				811~5	~82JISE)	728,709
	Net movement		in funds, Included	In the above are as follows:
					Incoming	Resources	Movement
					resources	expended	In funds
					6	E	E
	Unrestrkted	funds
	Income fund				5,380,704	(5,468,540)	(82,836)
	TOTAL FUNDS				5~,704	(SW3,540)	(8' 6)

				Net
				movement
			At 1/7/20	In funds	SO/6/21
			6	6	E
Unrestricted	funds
Income fund				(132,063)	811,545
TOTALFUNDS			943,608	~132063)	811,545
Comparative	net movement	In funds, Included	In the above are asfollows:
			Incoming	Resources	Movement
			resources	expended	In funds
			E	6	6
Unrestricted	funds
Income fund			2,757,758	(2,889,821)	(132,063)
TOTALFUNDS			2.757,758	(2,889,821)	(132,063)