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||||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|
##
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##
|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|
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|||||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|||
##
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##
||||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||||||
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|||||||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||||
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|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|
##
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##
|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)|
##
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##
|||||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)|
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