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|||||Page|
|---|---|---|---|---|
|Reference and administrative
details|||ofthe charity, its trustees, and advisers||
|Trustees' report|||||
|Independent|auditor's|report||10|
|Consolidated|statement|offinancial|activities|14|
|Consolidated|statement|offinancial|position|15|
|Company stotement of||financial position||16|
|Consolidated|stotement|ofcash flows||17|
|Notes to the|financial statements|||18|
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|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|Funds|
|||||2023|2022|
||||Note|E|E|
|INCOME AND ENDOWMENTS||FROM:||||
|Charitable
activities||||1,014,359|1,672,548|
|Other trading
activities||||54,980|54,740|
|Other income||||264|38|
|TOTAL INCOME||||1069603|1727 326|
|EXPENDITURE ON:||||||
|Charitable
activities||||(908,730)|(1,744,082)|
|Other trading
activities||||(16,285)|(23,699)|
|TOTAL EXPENDITURE||||(925,015)|(1,767,781)|
|Net income I(expenditure)|before taxation|||1441588|(40,455)|
|Taxation||||||
|NET INCOME I(EXPENDITURE)||BEFORE TRANSFERS||144,588|(40,455)|
|NET INCOME I(EXPENDITURE) BEFORE OTHER RECOGNISED
GAINS AND LOSSES||||144,588|(40,455)|
|Actuarial gains on defined benefit pension schemes|||17|308,000|443,000|
|Restriction ofactuarial
surplus|||17|(310,000)|(111,000)|
|NET MOVEMENT IN FUNDS||||142,588|291,545|
|RECONCILIATION
OF FUNDS:||||||
|Total funds brought
forward||||97,135|(194,4'10)|
|TOTAL FUNDS CARRIED FORWARD||||239,723|97,135|
|The notes on pages 18to 37|form part ofthese financial statements.|||||
##
##
|CONSOL|ID|ATED
STATEMEN|T OF FINA|NCIAL
POSITION|AS AT 31JULY|2023||
|---|---|---|---|---|---|---|---|
||||||2023||2022|
||||Note|||||
|FIXEDASSETS||||||||
|Tangible assets|||||||885|
||||||||885|
|CURRENT ASSETS||||||||
|Debtors|||10|306,551||295,183||
|Cash at bank and in hand||||6,094||37,256||
|||||312,645||332,439||
|CREDITORS:amounts
one year|failing due within||11|(72,922)||(236,189)||
|NET CURRENT ASSETS|||||239,723||96,250|
|TOTAL ASSETS LESSCURRENT
LIABILITIES|||||239,723||97,135|
|NET ASSETS EXCLUDING
SCHEME LIABILITIES||PENSION|||239,723||97,135|
|Defined benefit pension||scheme liability|17|||||
|NET ASSETS INCLUDING
SCHEME LIABILITIES||PENSION|||239,723||97,135|
|FUNDS||||||||
|Restricted funds||||||||
|Unrestricted
funds:|||13||239,723||97,135|
|TOTAL FUNDS|||||239,723||97,135|
##
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##
||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||||E||E|
||||Note|||||
|FIXEDASSETS||||||||
|Tangible assets|||||||787|
|Investments|||||1,000||1,000|
||||||1,000||1,787|
|CURRENT ASSETS||||||||
|Debtors|||10|520,640||478,354||
|Cash at bank and in hand||||3,235||26,515||
|||||523,876||504,869||
|CREDITORS: amounts
within one year|falling due||11|(71&922)||(157,596)||
|NET CURRENT ASSETS|||||451,954||347,273|
|TOTAL ASSETS LESSCURRENT
LIABILITIES|||||452,954||349,060|
|CREDITORS: amounts|falling due after|||||||
|more than one year||||||||
|NET ASSETS EXCLUDING PENSION
SCHEME LIABILITIES|||||452,954||349,060|
|Defined benefit pension||scheme liability|17|||||
|NET ASSET INCLUDING
SCHEME LIABILITIES||PENSION|||452,954||349,060|
|CHARITY FUNDS||||||||
|Restricted funds||||||||
|Unrestricted
funds:|||13||452,954||349,060|
|TOTAL SURPLUS FUNDS|||||452,954||349,060|
##
##
|||||2023|2022|
|---|---|---|---|---|---|
||||Note|||
|Cash f(ows from operating|activities|||||
|Net cash from operating
activities|||15|(31,162)|(67,525)|
|Cash flows from financing|activities:|||||
|Repayments
ofborrowings||||||
|Interest on borrowings||||||
|Tax paid||||||
|Net cash used in financing|activities|||||
|Change
in cash and cash|equivalents|in the year||(31,162)|(67,525)|
|Cosh ond cash equivalents|brought
forward|||37,256|104,781|
|Cash and cash equivalents|carried forward||16|6,094|37,256|
|The notes on pages 18to 37form part||ofthese financial|statements.|||
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|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||E|E|
|ESFA —Non-levy||I levy income||||622,965|419,220|
|ESFA —Learner|Responsive||||||(2,788)|
|Other||||||391,394|1,256,116|
|||||||1,014,359|1,672,548|
|3.
DIRECT COSTS||||||||
|||||||Totol|Total|
|||||||2023|2022|
|||||||E|E|
|Administration||expenses||||52,086|103,328|
|Educational|expenditure|||and associated recreational|costs|96,662|535,459|
|Wages and salaries||||||464,886|624,435|
|National insurance||||||72,281|61,589|
|Staff Pension||costs||||37,073|37,723|
|||||||722988|1,362,534|
|4.
SUPPORT|COSTS|||||||
|||||||2023|2022|
|||||||E|E|
|Premises costs||||||5,846|76,837|
|Office administrative|||costs|||179,343|266,550|
|Computer
and software costs||||||6,946|10,682|
|Depreciation
and arnortisation||||||787|8,777|
|Bank charges||||||682|(166)|
|Bad debts||||||(3,862)|12,868|
|Pension interest||||||(4,000)|6,000|
|||||||185,742|381,548|
|This is stat|ed after charging:||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E|E|
|Depreciation
oftangible fixed assets: —owned by|||the charitable
group||767|8,777|
|Operating|lease rentals||||30,000|30,000|
|During the|year, no Trustees|received any remuneration||(2022 - Enil).|||
|During the|year, no Trustees|received any benefits|in kind|(2022 - Enil).|||
|During the|year, no Trustees|received any reimbursement||ofexpenses (2022 - Enil).|||
##
|Fees payable to the company's
annual accounts|Fees payable to the company's
annual accounts|auditor for the audit ofthe group|2023|2022|
|---|---|---|---|---|
||||E|6|
|Independent
Training|Services|Ltd|12,000|12,500|
|SmartStyle Technology|Training|Ltd|600|3000|
||||12,600|15,500|
##
##
|Staff c|osts were as follows:|||||
|---|---|---|---|---|---|
|||Group|Company|Group|Company|
|||2023
E|2023
E|2022
6|2022f|
|Wages|and salaries|464,886|464,886|624,435|624,435|
|Social|security costs|72,281|72,281|61,589|61,589|
|Other|pension costs|37,073|37,073|37,723|37,723|
|||574,240|574,240|723,747|723,747|
||2023|2022|
|---|---|---|
||No.|No.|
|Administration|11|6|
|Teaching|13|12|
|Management|2|4|
||26|22|
##
|The Managing
Director is the highest
paid member ofstaff. Their remuner
follows:|ation
received
in the year|isas|
|---|---|---|
||2023|2022|
||E'000|6'000|
|Salaries —gross ofsalary sacrifice and waived emoluments|68|65|
|Employers
National Insurance|8|9|
||76|74|
|Pension contributions|19|19|
|Total emoluments|95|93|
##
##
||Fixtures and|Computer|Total|
|---|---|---|---|
||fittings|equipment||
||6|6||
|Group||||
|Cost||||
|At 1August 2022|15,880|11,314|27,194|
|Additions||||
|Disposals||||
|At 31July 2023|15,880|11,314|27,194|
|Depreciation||||
|At 1 August 2022|15,880|10,429|26,309|
|Charge for the year||885|885|
|Disposals||||
|At 31July 2023|15,880|11&314|27,194|
|Net book value||||
|At 31July 2023||||
|At31July 2022||885|885|
||Fixtures and
fittings|Computer
equipment|Total|
|Charity|6|6||
|Cost||||
|At 1August 2022|15,880|10,430|26,310|
|Additions||||
|Disposals||||
|At 31July 2023|15,880|10,430|26,310|
|Depreciation||||
|At 1August 2022|15,880|9,643|25,523|
|Charge for the year||787|787|
|Disposals||||
|At 31July 2023|15,880|10,430|26,310|
|Net book value||||
|At 31July 2023||||
|At 31July 2022||787|787|
##
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##
|||||Group||Company|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
|Trade debtors|||65,597|65,148|51,154|55,934|
|Amounts|owed by group parent||42,669||271,201|202,852|
|Prepayments||and accrued income|198,285|230,035|198,285|219,568|
||||306,551|295,183|520,640|478,354|
##
||||Grou||Com an|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||E|E|E|E|
|Trade creditors||25,582|76,662|26,112|76,042|
|Amounts|owed to group undertakings||76,495|||
|Other taxation and social security||22,584|18,821|21,150|18,427|
|Accruals|and deferred income|24,756|64,211|24,660|63,127|
|||72,922|236,189|71,922|157,596|
##
|||||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
|Financial|assets measured|at|amortised cost|263,882|295,183|
|Financial|liabilities measured||at amortised cost|50,338|140,873|
##
##
##
|13
CON|SOLIDATED|STATEMENT OF|FUNDS STATEM|ENT - CURRENT Y|EAR|||
|---|---|---|---|---|---|---|---|
|||Balance at|Income|Expenditure|Transfers|Gains/|Balance at|
|||1August|||in/out|(Losses)|31July|
|||2022
E||E|E||2023
E|
|General Funds||||||||
|General Funds||97,135|1,069,603|(927,015)|||239,723|
|Pension reserve||||2,000||(2,000)||
|Other General|Funds|||||||
|Total||97,135|1,069,603|(925,015)||(2,000)|239,723|
|Unrestricted
Funds||97,135|1,069,603|(925,015)||(2,000)|239,723|
|Totalfunds||97,135|1,069,603|(925,015)||(2,000)|239,723|
##
|||Ba(ance at|Income|Expenditure|Transfers|Gains/|Ba(ance at|
|---|---|---|---|---|---|---|---|
|||1August|||in/out|(Losses)|31July|
|||2022|||||2023|
|||E|||||E|
|GeneralFunds||||||||
|Genera(Funds||127,591|1,727,326|(1,757,781)|||97,135|
|Pension reserve||(322,000)||(10,000)||332,000||
|Other General Funds||||||||
|Total||(194,410)|1,727,326|(1,767,781)||332,000|97,135|
|Unrestricted|Funds|(194,410)|1,727,326|(1,767,781)||332,000|97,135|
|Totalfunds||(194410)|1727 326|(1767781)||332,000|97,135|
##
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##
||||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2023|2023|2023|
|Tangible|fixed|assets||||||
|Current|assets||||312,645||312,645|
|Creditors|due|within|one|year|(72,922)||(72,922)|
||||||239,723||239,723|
##
||||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2023|2023|2023|
||||||6|6|E|
|Tangible|fixed|assets|||885||885|
|Current|assets||||382,466||382,466|
|Creditors|due|within|one|year|(286,216)||(286,216)|
||||||97,135||97,135|
##
##
|||||||Group|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E|E|
|Net income|for the year||(as per Statement|ofFinancial Activities)|||
||||||1441588|(40,455)|
|Adjustment|for||||||
|Depreciation|charges||||885|8,777|
|Tax charge|||||||
|Increase
in|debtors||||(11,368)|(136,662)|
|(Decrease)/increase||in creditors|||(163,267)|90,815|
|Interest costs|||||(4,000)|6,000|
|Pension costs|||||2,000|4,000|
|Net cash from operating|||activities||(31,162)|(67,525)|
|||Group|
|---|---|---|
||2023|2022|
||6|6|
|Cashin hand|6,094|37,256|
|Tote I|6,094|37,256|
##
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##
|ctuarial
assumptions
at the statement
offinancia|l
position date (expressed as weig|htedaverag|
|---|---|---|
||2023|2022|
|Discount rate at 31July|5.05o/o|3.45'Yo|
|CPI inflation rate|3.00'Yo|3.1.5'Yo|
|Future sa lory increases|3.60'/o|2.80'Yo|
|Future pension increases|3.00o/o|3.15'Yo|
|The assets in the scheme were:|Fair value at|Fair value at|
|---|---|---|
||31July|31July|
||2023|2022|
||E|E|
|Equities|1,506,000|1,487,000|
|Government
bonds|480,000|481,000|
|Property|174,000|197,000|
|Cash / liquidity|22 000|22 000|
|Total market value ofassets|2,182,000|2,187,000|
##
##
##
|||2023|2022|
|---|---|---|---|
|||E||
|Current service cost||22,000|25,000|
|Interest cost on pension scheme obligations||(4,000)|6,000|
|Total||18,000|31,000|
|Movement
in net defined benefit|liability during year|2023|2022|
|||E'000|E'000|
|Net defined benefit liability at 1August||||
|Movement
in year:|||(322,000)|
|Current service cost||(22,000)|(25,000)|
|Employer contributions||20,000|21,000|
|Net interest on the defined|liability|4,000|(6,000)|
|Actuarial
gain||308,000|443,000|
|Restriction ofactual surplus||(310,000)|(111,000)|
|Net defined benefit liability at 31July||||
|Moveme|nts
in the present value ofthe defined benefit o|bligation
were as follows:||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Opening|defined benefit obligation|2,076,000|2,500,000|
|Interest|cost|71,000|40,000|
|Contributions
by scheme participants||6,000|6,000|
|Current|service cost|22,000|25,000|
|Benefits|paid|(72,000)|(77,000)|
|Actuarial|(gains)/loss|(342,000)|(418,000)|
|Closing|defined benefit obligation|1,761,000|2,076,000|
##
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##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||||E|
|Opening||fair value ofscheme assets||||2,187,000|2,178,000|
|Expected return|||on assets|||(111,000)|25,000|
|Actuarial||gains/(losses)||||152,000|34,000|
|Contributions
by|||employer|||20,000|21,000|
|Contributions
by|||scheme|participants||6,000|6,000|
|Benefits||paid||||(72,000)|(77,000)|
|||||||2,182,000|2,187,000|
|Amounts||for the|current|and previous|period are as follows:|||
|||||||2023|2022|
||||||||E|
|Defined|benefit obligation|||||(1,761,000)|(2,076,000)|
|Scheme||assets||||2,182,000|2,187,000|
|Restriction ofactual surplus||||||(421,000)|(111000)|
|Surplus|/|(deficit)||||||
|Experience adjustments||||on scheme liabilities||190,000|12,000|
##
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|||Land and buildings||Other||
|---|---|---|---|---|---|
|Group:||2023|2022|2023|2022|
|||E|6|E|6|
|Amounts|payable|||||
|Within 1|year|30,000|8,100|554|554|
|Between|1and 5years|||||
|Total||30,000|8,100|554|554|
||2023|2022|
|---|---|---|
|Within 1year|30,000|8,100|
|Between 1and 5years|||
|Total|30000|8,100|
##
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##
|ummary oftransacti|ons
with|organisations
|connect|ed t|o members|ofthe B|oard|of Dire|ctor|s||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Related Party|Related
party of
the
company|Transactions
during the
year|Income
Related||Expenditure
Related|Debtor
Balance
31July
2023|at|Creditor
Balance
31July
2023|at|Nature of
goods or
services
purchased
by the
college|Nature of
9oods ar
services
purchased
by the
other
party|
|BARNSLEY &||||||||||||
|ROTHERHAM
CHAMBER|Director|E696|||E696||EO|||Subscriptions|n/a|
|OF COMMERCE||||||||||||
|Barnsley
MBC|Director|(E3,861)||EO|(E3,861)||EO|f712||Rates &
Venue
Hire|n/a|
|NOCN|Director|E1,618||EO|E1,618||EO||EO|Exam costs|n/a|
##
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