Company Registration Number 4241702
Charity Number 1092000
MOORLANDS COLLEGE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024

MOORLANDS COLLEGE
INDEX TO THE ANNUAL REPORT AND FINANCIAL sfATEMENTS
For the year ended 30 June 2024
PAGE
Administrattve Information
Annual Report of the Trustees
2-13
Independent Auditors, Report to the Trustees for the year ended 30 June 2024
14-16
Statement of Financial Activities {incorporating Income and Expenditure Account)
17
Balan￿ Sheet
18
Cash Flow Statement
19
Notes to the Financial Statements
20-28

MOORLANDS COLLEGE
ADMINISTRATIVE INFORMATION
For the year ended 30 June 2024
Charity Name.,
Moorlands College
Registered Office and operational address: Moorlands College
Sopley
Christchurch
Dorset
BH23 7AT
Registered Charity Number:
IIY32000
Company Number:
4241702
The Trustees:
David Adabale (appointed 28 March 2024)
Jason Coltman ITreasurer)
Tim Goulding (Chair)
Matthewjames {appointed 13 November 2023)
Graham Jeffries
Matthew Moore
Kate Pinnell
Stuart Riddington (appointed 11 September 2024)
Hartness Samushonga
Peter Watts (appointed 13 November 2023)
Company Secretary:
Matt Mellor
Clerk to the Board of Trustees:
Julla Thomas
Executive Leadership Team-.
Principal and CEO.. Andy du Feu (appointed August 2023)
Director of Academic Quality: lan Kirby
Director of Learning and Student Experience: Abi Maguire
Director of Finance.. David McLellan {until December 20231
Director of Finance and Operations.. Matt Mellor
Auditors:
Jacob Cavenagh and Skeet
S Robin Hood Lane
Sutton
Surrey
SMI 25W
Bankers:
Bank of Scotland plc
3 Town Quay
Southampton
Hampshire
S014 ZAQ

MOORLANDS COLLEGE
ANNUAL REPORT OF THE TRusfEES
For the year ended 30 June 2024
The Trustees are pleased to present the annual and strategtc report (which includes the Dirertors, Report
requlred by company law) and financial statements for the year ended 30 June 2024.
Cor
rate Governance
The following have been in placefortheyear ended 30June 2024 and up to the date of approval of the
financial statements.
Governing document and approach
The College is a charttable company limited by guarantee, incorporated on 26 June 2001 and registered as
a charity on 13 May 2002. In the event of the company being wound up members are required to
contribute an amount not exceeding £10. The company was established under a Memorandum of
Association that established the objects and powers of the charitable company" these were incorporated
into the Articles of Association in 2010, and the Artides of Association now comprise the primary
governing document. The Article5 of Association were revised duriryd 2019, in step with a Governance
Policy adopted In January 2019, and were approved bythe Charitycommission in June 2019.
The College's approach to governance applies the Public Interest Govemance Principles of the Office for
Students. It also follows the good prattice for the Higher Education sector identified in Yhe Higher
Education Code of Governan￿. produced by the Council of University Chairs. In particular, the Board of
Trustees adopts and implements the core values of that document. The College affirms and adopts the
Nolan "Principles of Public Life" upon which the Higher Educatbon Code of Governance builds.
Organisational strurture
The Company Dirertors are the Trustees of the Charity. By virtue of office, as Direttors and Trustees, they
are voting Members of the Company and are fully responsible, under UK law, for the direction and
development of the work of the College. Together they constitute the Board of Directors of the Companv
and the Board of Trustees of the Charity. VKithin this documentthe Directors are generally referred to as
Trustees, and the Board of tlrectors as the Board of Trustees. This l)ody is both unambiguously and
collectively accountable for institutional activities and takes all final decisions on matters of fundamental
concern to the College. Thus, the Board of Trustees is the governing b(xly of M(x)rlands College in the
terms of the Office for Students.
The Trustees who have served during the year are set out on page l. In accordance with the Articles of
Association, revised in June 2019, each Trustee is appointed for a term of three year5 and is required to
retire at the end of that term, although they may be eligible for reappointment: Trustees must stand
down for at least one year afterthree consecutive terms. No remuneration is paid to Trustees in the role
of Trustee. expenses can be reimbursed for travel to Board meeting5. for the cost of care for dependants
or, for the Chair only, loss of income. Payments to Trustees for work in other capacities (usually teaching)
are disclosed in Note 4 of the Financial Statements. The Trustees have been supported administratively by
an employee of the College funrtioning as a clerk to the Board.
The Executive leadership Team (ELn is the key management group. led by the Princlpal, for day-to-day
operation of the College. ELT members attended Board meeting5 during the year for most items. Trustees
are involved In the processes to appoint and remunerate ELT members. The Trustees review the leve15 of
staff salaries annually and take note of the CPI, cost of living and the financial situation of the College,
th no automatic entitlement to an annual salary increase. The Trustees aim that College pay levels are
appropriate both to the experience and responsibilities of staff members and to the market sector. Andy
du Feu, was appointed as the Accountable Officer from I September 2022, and from Acting Prfncipal to
Principal and CEO from l August 2023.

MOORLANDS COLLEGE
ANNUAL REPORT OF THE TRUSTEES (continued)
For the year ended 30June 2024
Representatlon at Board meetlngs
The Principal, ELT members and student and staff representatives are participants in Board of Trustee
meetings, providing necessary perspectives for the Board to govern effectively. The Principal and the
representative5 have full rights of attendance and participation in meetings but. in line with the College's
constitution as a charity, as employee and beneficiaries of that charity, they do not have voting rights. In
particular, student representatives have no less rights of particlpatlon and are not in any way
disadvantaged in comparison to student representatives in the governan￿ arrangements of other Higher
Education institutions where the goveming body is not structured as a board of trustees bearing ultimate
responsibility according to charity law. Neither the Principal nor representatives are routinely excluded
from discussions, though representatives would not normally be present at discussions relating to
individual, identifiable students orstaff members.
Recrultment and appolntsnent of new Trustees
The range of experience and professional expertise of Trustees is kept under review and, when seeking to
appolnt new Trustees, full consideration is given to any perceived gaps. NewTrustees are normally
identifled through personal contact of existlng Trustees and senior leader5, With the process then
managed by the Nominations Committee. The Trustees have power to appoint additional Tru5tees' there
is no maximum, but the number of Trustees should never be lessthan five. ProspettlveTrustees will
normally be invited to one or more Board meetings, to observe how the Board functions. before an
appointment is processed. Currently, active steps are being taken to recruit a new Trustee specifically to
act as Chair of the Trustees.
Trustee indurtion and training
New Trustees are inducted in accordance wlth an agreed procedure, meeting with key staff, and receiving
details of the legal and governance structures of the College. and background to the history and current
issues under consideration by the Board. Training needs of the Board and its individual Trustees are
reviewed on a regular basis by the Board In conjunction with an annual self-assessment of Board
performance. Trustees are regularly inforrned asto extemal trustee training courses that are available.
Risk managernent
The Trustee5, through the Audit and Risk Committee (ARC), regularly examine the major risks that the
College faces when reviewing and updating the risk register. The risk register outlines the most significant
governance, academic, planning, operational, human resources, financial and external risks, and the
control and monitoring processes in place to mitigate or eliminate the risks. Progress on further actions
identified to mitigate risks or improve control processes are monitored and reported back to ARC and to
the Board as required. Two of the major risks are loss (rfincome through low student numbers, mitigated
by continuous marketing and maintaining the quality of oureducational provision. and the Impact of
government and regulatory requirements, mitigated by carefully meeting current Submission deadlines
and developing positive relationships to monitor future change.
Advisor5
Details of the COlleg￿S auditors and bankers are disc105ed on page l. Duringthe year the College has also
used the consultancy services of KeeFys and MSP Buslness Services to provide advice and support in
employment law and HR, health and safety. and food safety management within the College. During the
year we used a consultant to assist with the creation of the new 5 year strategic plan.

MOORLANDS COLLEGE
ANNUAL REPORT OF THE TRUSTEES Icontinued)
For the year ended 30 June 2024
Prlmary responslbllltles of the Board of Trustees:
to set and agree the mission, strategic vision and values of the College with senior management and in
line with the College's registration as a charity;
to agree long-term academic and business plans and key performance indicators and ensure that
these meet the interests of stakeholders, especially staff, students and graduates;
to ensure that processes are in place to monitor and evaluate the performance and effectiveness of
the College against the strategy, plans and approved key performance indicators. which should be,
vthere possible and appropriate, benchmarked against those of other comparable institutions..
to delegate authority to the Principal, as Ch￿ executive, for the academic. corporate, financial, estate
and human resource management of the College, and to establish and keep under regular review the
policies, procedures and limits within such management funttions 35 shall be undertaken by and
under the authority of the Principal;
to oversee the assessment and management of risk, monitoring and reviewing a register of risks, and
determining appropriate actions in response to risks;
to ensure the establishment and monltoring of systems of control and accountabllity, including
finarbcial ané operational controls, value for money assessments, and procedures for handling internal
grievances and for managing conflicts of interest,"
to establish pro￿Se5 to monitor and evaluate the performance and effectiveness of the Board of
Trustees itself;
to conduct its business in accordance with best practice in HE corporate governance and with the
principle5 of public life drawn up by the Committee on Standards in Public Life.
to safeguard the good name and values of the College.,
to appoint the Principal as chief executive, and to put in place suitable arrangements for monitoring
their performance.
to appoint a Clerk to the Board of Trustees and to ensure that, if the person appointed has managerial
responsibilitie5 in the institution, the￿ is an appropriate Separation in the lines of accountabilityi
to be the employing authority for all staff in the College and to be accountable for ensuring that an
appropriate human resources strategy is established-
to be the principal financial and business authority of the College, to ensure that proper books of
account are kept, to approve the annual budget and financial statements, and to have overall
responsibility for the institution's assets, property and estate.
to be the College's legal authority and, as such, to ensure that systems are in place for meeting all the
College's legal obligations, including those arising from contracts and other legal commitments made
in the College's name Ithis includes accountability for health, safety and security and for Equality,
Diversity and Inclusion);
to receive assurance that adequate provision has been made for the general welfare of students.
to act as trustee for any property, legacy, endowment, bequest or gtft in support of the work and
welfare of the College;
to ensure that the College's governing documents are followed at all times and that appropriate
advice is available to enable this to happen;
to promote a culture which supports Equality, Diversity and Inclusion across the College;
to maintain and protect the principles of academic freedom and freedom of speech regulation,.
to ensure that all students and staff have opportunities to engage with the governance and
management of the College.
Commlttees
The Trustees appoint Committees, comprising representatives of the Board, 5UPPOrted by staff, includlng
the Clerk to the Board, to facilitate detailed areas of its work, with a duty to report back and make
recommendations to the Board of Trustees. As at 30 June 2024. these Committees comprise..
Audit and Risk,.
M Moore (Chair), H Samushonga, M James, P Watts; with A du Feu. l Kirby, M
Mellor

MOORLANDS COLLEGE
ANNUAL REPORT OF THE TRUSTEES (continued)
For the year ended 30 June 2024
Finance and Resources:J Coltman (Chair), T Gouldin& GJeffries,- with A du Feu, M Mellor
Nominations-
T Goulding (Chair). K Pinnell; with A du Feu
Remuneration:
J Coltman (Chair), T Gouldin& K Pinnell; with A du Feu, M Mellor.
From time to time. the Trustees set up specific working groups, durlng 23124 the Degree Awarding Powers
IDAPs} Working Group resumed meetings.
Links with Other Educational Institutior
Link5 With the University ofGloucestershire have continued, both to maintain the validation requirement
and tofacilitate improvement of academic Standards at the College. Effectiveness of the partnership
between the University and the College is monitored by annual reviews as well as a major review every
five years, the most recent bwng April 2020 when a new five-year collaborative agreement was signed
lastlng untll August 2025.
The College works in partnership with SoLrth West Youth Ministries ISWYMI to administer the delivery of
our 8A degree course via our regional centre of Moorlands South West
We had a similar administrative partnership with Youth Link: Nl to supportthe delivery of our BA degree
course at our regional centre in Northern Ireland. Following a decision 2 years ago to suspend recruitment
to that course, the Nl regional ￿ntre moved to a teach-out phase, with 2023124 as its final year.
The College is a member of GuildHE, arid we also maintain contact with like-minded theological colleges
through informal networks of Prlncipals, Bursars and Facilitie5 Staff.
Accreditations
Since Ottober 2018, the College has been registered with the Office for Students {OfS) as a Higher
Education Provider (Approved Fee Cap ststU51. By this, our BA and MA courses are designated, for support
through Student Finance. This loan support can be accessed by eligible students froTll all parts of the UK
in accordance with local legislation. As required by Ofs registration, we participate in the National
Students Survey and provide data to the Htgher Education Statistics Agency.
Our BA (Hons) Applied Theology Iyouth and Community Work) degree is professionally validated by the
National Youth Agency INYAI as meeting the Joint Negotiating Committee professional standard5 for
vouth workers. This professional validation was renewed in September 2019 for a further five years,
through until 2024. Professional revalidation Is scheduled for 2024125. The delivery of the BA (Honsl
Applied Theology (Youth and Community Work) degree in Northern Ireland has been endorsed by the
North/South Education Training and Standards (NSEfsi as the equNalent body as the NYA on the Isle of
Ireland.
Ofs is the Designated Quality Body to provide assurance that we are meeting UK expertations for the
academlc standards of awards offered, and the quality, infomiation and enhancement of student learning
OPPDrtunities provided. through our undergraduate and postgraduate degree courses. The Ofs approach
is data driven and risk-based rather than periodic. The Ofs is satlsfied that the College does not present
such risks that would require more detailed review.
The College is recognised by the Ministry of Defence (MOD) as an approved learning provider for
retraining service personnel.
We work within the Home Office Prevent Duty framework to recogni5e and reduce the risks of
radicalisation.

MOORLANDS COLLEGE
ANNUAL REPORT OF THE TRUSTEES {continued)
For the year ended 30 June 2024
Ob'ectives and actlvities
Charltable Objects
The object of the College is to maintain, advance, and promote the Christian religion and. in particular, to
condutt a college for the study and teaching of the Bible and the training of Christian ministers, teachers
and workers in accordance with our agreed Statement of Falth.
Mission
Moorlands College exists to equip people, passlonate oboutjesus Christ, to impoct the church and the
world.
Achlevernents rformance and bli¢ benefrt
For 75 years the College has existed to train men and women who wish to make a difference in society
and the world through their work in churches, youth work, education, social care, community work and
NGOS. Most of our undergraduates are involved in weekly community se￿]Ce as part of thelr course. This
supervised work takes place in local churches and other agencies and is an integral part of their training.
Our graduates go on to impact people of all ages across diverse dernographics of society in the UK and
around the world. The College aims to keep in touch with societsl needs through the operation of
profes5ion31 advisory groups, placement activities, contact with graduates, other contarts working at the
cutting edge of disciplines, and partnership arrangements.
The results of the National Student survey {NSS), which independently gathers leaving students, opinions
on the quality of their courses, gives positive and encouraging feedback. For 2024, the College received an
overall average satisfattion across all core questions of 77%. Whilst this is lower than previous years.
-Qualtty of Teaching" scored 90% against a sector average of 85%, and student opinion on "Assessment
and feedbacV scored 82% against a sertor average of 78%
In the gradu3tion ceremony held in November 2023 a total of 14 undergraduate degrees were awarded
with First Class Honours, 31% of the 45 degrees awarded.
At a much more local level of public benefit. Christchurch campus students have served Sopley village
community through voluntary initiatives. Our campus premises are also occasionally used by local
churches for their Sunday services and other meetings.
We have referred to the Charity Commission's general guidan￿ on publlc benefft when reviewlng our
alms and objectives and in planning our future activities. In particular, the Trustees consider how planned
activitie5 will contribute to the aims and objectives they have set.
Student ben
d rl fundin
sour¢es and fees
Our undergraduate and p05tgraduate students are drawn from across the UK and range in age from 18 to
over 60. A high percentage of the smaller number of postgraduate students in our School of Language and
Scrlpture come from a range of countrles. p￿MarIlY in Europe.
The College has success in enabling access of under-represented groups, especially:
mature students
students with disabilities
Our provision focusses on professional preparation for peopleknhelping and leadership roles, so is often
more attractive to older students. This Is not uncommon in theological colleges; however, we are
comparatively more succe55fiJl at enabling acce55 to HE by those without previou5 HE experience.

MOORLANDS COLLEGE
ANNUAL REPORT OF THE TRUSTEES (continued)
For the year ended 30 June 2024
31% ofour students have provided evidence of a disability and this is significantly above the average of
19% for the general UK home student population. We believe that our undergraduate programmes,
vocational. professional focus and our reputation for Learning Assistance provision comblne to encourage
students, who might not otherwise enter HE, to choose Moorlands.
The use of flexible learning approaches is increasing our reach towards more urban locations and areas of
greater social deprivation and ethnic diversity.
A high percentage of the UK undergraduate and postgraduate students can obtain funding 5UPPOrt
through government-funded student loan finanan& and many augment this with personal support
through grant-funding charities and churches. In addition, the College has provided grant support to a
range of undergraduate students, awards being considered on a case•by-case basls by a Financial Support
Panel. In the past year, the College made scholarship, bursary, hardship and other awards, totalling
£20,072 to 26 different students122/23: £23,307 to 36). These included Enable grant awards, designed to
help students with disabilities to overcome challenges that might impact their success in their studies.
Partial grant support was also given towards diagnostic testin& where needed by those with learning
difficulties.
Our tuition fees and accommodation and catering charge5 have been maintained broadly in line with the
norm within the non-government-funded theological college settor, Fees are Set on an annual ba5iS,
undergraduate fees are approved by the Ofs. with the objective of achieving 3 breakeven operating
budget position, after allowingfor inflation and the anticipated level of other income and gifts.
The College has agreed an AC￿$$ and Participation Plan for the five years from 20/21 to 24/25 with the
Ofs. Thls maps out how the College will widen access to Higher Education for those from disadvantaged
backgrounds, support their success and enhance their progression to professional jobs or further studies.
This
earfs artivitles
The principal activity of the College during the year has been the provision of full-time courses in biblical,
theological and related studies alongside vocational training and personal development, This is in
accordance with the Memorandum and Articles of Association.
I Continuing course delivery
The uncertainty caused bythe global pandemic had a significant impact on our recruitment, and the low
intakes in 21/22 and 22123 have continued to have an impatt on overall student numbers. Student
enrolment5 at September 2023 were down on pre-pandemic levels. Recruitment to our BA programme
was 39, slightly up on 22/23 {27) but down from 57 in 20121- the intake to our range of MA programmes
wa5 22, lower than 22123 (over40).
Throughout the year, our continued Investment in the employment of a college ambassador, whose role
focuses on student recruitment, has been key in our efforts to recover our intake for thls year and
beyond, enhancing our presence at Christian exhibitions and conferences a5 well as on social medla.
We saw good proportions of students progressing through their studies and into graduate-level
employment or further study. The total number of student learners engaged during the year on our
degree training courses was 174 (2V23: 191>. In a graduation event in November 2023, we celebrated the
award of 18 MA degrees, eight Postgraduate Diploma5, 13 Postgraduate Certificate5, and 45 BA degrees.
In continuing the provlsion of our range of degree courses, we have had regular positive feedback from
our External Examiners and the University of Gloucestershire about the high standard of those courses.

MOORLANDS COLLEGE
ANNUAL REPORT OF THE TRUSTEES (continued)
For the year ended 30 June 2024
NCFE accredits some of our level 3 {pre-degreel courses as customised qualification5.' Engaging with
Applied Theology and Award in Christian Leadership. Delivery of these courses are franchised to South
West Youth Ministrie5118 students) and One Churth, Emsworth (seven students), Soul Church, Norwich
{13 students), the latter being a new partnershlp in 23124.
2 Improvement of course management and quality
Following the review of our undergraduate programmes in 22123 we launched ourflrst cohort of students
studying on the flexible mode of delivery. 12 students started on the flexible mode in September 2023,
and recruitment for September 2024 is experted to be 14.
Our Flexible BA is a hybrid-delivery mode, includes three two-day. face-to-face study blocks in each year
of study and a carefully Structured sequence of online live lectures and interactions with teachers and
other students. as well as independent work. The Flexible mode of delivery 15 replacing the previous
placement-based approach. It has been approved by the University of Gloucestershire and by the National
Youth Agency (NYA).
Work has continued to strengthen the College's systems for the upholdlng of standards and assurance of
quality. In March 2024 we submitted our application for authorisation to operate degree awarding powers
(DAPSI; we are expectant that a team from the Office for Students (Ofs) will start the review process
during 24125. The University of Gloucestershire have been supportive of the College in this endeavour.
DAPS will provide the College with a greater level of independence, and the ability to support the
theological training sector through validating and franchising arrangements.
During the year we have also researched and explored p0$5ibilities for the provision of training in relevant
areas of continuing professional development. In addition, we obtained a sponsor licence from the Home
Office to allow international students to obtain student Vis35 in order to come to the UK and study with
us.
We encourage ongoing professional development of our staff as an important contributor in rnaintaining
and improving quality. Several of our staff and students have also spoken at national and international
events. Regular staff training events are held through the year. As of this year, six members of our
academic team now have Senior Fellowship or Fellowship with the Higher Education Academy. (22/23". six}
3 Fundraising
In Ilne with reporting requirements Included in the Charities Act 2016 the Trustees confirm that all
fundraising is done in compliance with best fundraising practice. All fundraising attlvities follow traditional
methods, recognised as ethical for many years, and during the year we did not employ any professional
fundraisers. There were no complaints or criticisms during the year about our fundraising activities.
Undesignated gifts are by default allocated to our general fund, but several small regular gifts are
designated by donor5 for one of our student support funds, restricted funds that are used to support and
enhance the student experience atthe College. We continued to benefit from the generous financial
5UPPOrt and partnership of5everal larger trusts. with a range of gifts that support teaching and resources
in Apologetics and Evangelism (such as an amount of £6.200 in October 2023 from a trust to enable a
vldeo resource for youth groups). provide partial support for senior teaching posts, or assist the College
with development of flexible learning, as we alrn to maximi5e opportunities to widen and strengthen our
course provision, and fulfil our mission and vision. The College received a final £50,LJJO instalment of a
glft of £150,000 spread over three years, enabling significant investment in developing various media
Series and infrastructure, including partially funding the role of the Director of Research and Professional
Development.

MOORLANDS COLLEGE
ANNUAL REPORT OF THE TRUSTEES {continued)
For the year ended 30 June 2024
4 Campus Facilities
On the Christchurch campus, we converted a bedroom to a new accessible ensuite bedroom including the
refurbishment of an adjacent shower room. we also installed three automatic door operators, increaslng
the accessibility of our buildings. Windows in a corridorof bedrooms were upgraded to double glazing.
increasing the eneoy performance of the building, and new LED Ilghts were installed In the Hub (Dining
Room) to reduce energy costs. Other asset purchases Included replacement IT equiprnent and catering
equipment.
In July 2024 a gift of up to £60,(y￿waS pledged by AFD towar(ts the install costs of solar panels, whlch will
be used as part of a match funding campaign during 24/25.
Flnanclal Review
Income
The total income for the year amounted to £1,677,724 {22123: £2,007,003). Our primary Source of income
is unrestritted income of studentfees plus charges for provision of ourtraining and development courses.
The totsl Income in 23124 arising frorn our charitsble activities totalled £1,585,311 (22/23: £1,825,239).
Fundraising activityi With amounts from the letting of our bulldings to groups for holidaylnon-educational
purposes, generated income of £80,783 (22123: £175,828). Included in this were donations of £25,505
122123., £8.7771 for bursary funds and £1,942 (22123." £30,146) for new projects. Bank interest income
from College funds totalled £11,630 {22/23: £5,936).
Expen&rture
Expenditure in the yeartotalled £1,932,708 {22123- £2,021,140). Ofthis, £20,110122123: £26,511) was
spent on fundraising and other Income-generatlng artlvity. Expenditure on maln charitable activities was
£1,912,598122/23: £1,994,629), which included depreciation charges of £89,938 (22/23: £85,822}, and
student support grants of £20,072122/23: £23.307}. C3Pital expenditure spent on buildings, plant and
equipment, totalled £70,245 {22/23: £58,275) of which £52,309 {22123.' £10,405) related to buildings
investment.
Flnancial Health
The balance sheet shows thatthe College has assets in excess of liabilities. Land and freehold property is
shown as the sum of purchase price and construction cost, less depreciation. The net book value of land
and bulldings is shown in note S as £4,498,378122/23- £4,504,087). At l August 2024, the buildings were
insured for£14,678,977 (22123: £I4,250,￿o) in line with the Insuran￿ compan¢s valuation of rebuilding
costs.
Under Financial Reporting Standard 102, uncondttional multi-year donations are recognised as and when
committed, not when artually received. At 30 June 2024, £nll122123 £nill of grant income had been
received in advance of the period to which the grant relates, shown as deferred grant income in Note 7.
The Trustees consider that the finanaal health ofthe College is satisfactory at the end of the year, with
essential free reserves of £512,973 (22/23: £661,179), which equates to just over 3.2 months, normal
operating expenditure, plus additional designated and restricted funding available to fund continuing with
ongoing projects.
Investment Policy
The Trustees, investment powers are governed by the Memorandum and Articles, which permit the
College's funds to be invested in stock funds, shares. securities or other investments or property. All the
funds currently held arefor operational and short-term purposes, ratherthan investment purposes, and

MOORLANDS COLLEGE
ANNUAL REPORT OF THE TRUSTEES (continued)
For the year ended 30 June 2024
are held in a range of bank deposits. Therefore. bank interest is the only investment income earned by the
College duringthe year.
Reserves Polity
The College regularly reviews its reserves policy, covering both the purpose and levels of resenies held bv
the College, ensuring they remain appropriate to current levels of artivity and proposed strategic
developments. Note 9 to the financial statements showsthe assets and Ilabiltties attributable to the
various funds by type. Note 8 describes the various funds of the College, summari5es the yearfs
movements on each fund, and shows the amounts held in each fund at the end of the year.
The Trustees have concluded that target reserves of at least three and, preferably, between four and six
months of average operating expenditure are required to meet working capital needs for normal
operational purposes, and to cover financial obligations in the event of a financial crisis. The level of
essential free reserves at the end of the year covers 3.2 months, activity at £160,600 per month.
Other restricted or designated funds are held to finan￿ building development, student financial support,
and programme development, as detailed in note 8 to the financial statements, the balances of which are
considered satisfactory to meet the projected needs of the College for the immedlate future.
Remuneration of the Prlncipal
The remuneratlon package for the Principal, as head of the College, are disclosed in Note 4. The process of
Setting these is determined by the Trustees, with recommendations made by the Remuneration
Committee, which is also responsible for annual reviews of such a package, normally simple inflationary
adjustments to salary. The Remuneration Committee considers comparative information from other
organis3tions in the HE sector and from charities, and must considerthe public interest and the
safeguarding of public funds alongside the interests of the College. The performance of the Principal is
appraised each year by the Chair of Trustees but there are no perfomiance-related components in the
remuneration package.
Plans for Future Periods
A new strategic plan has been launched. covering the period from September 2023 to August 2028,
comprising four primary goals, and incorporatlng several distinttlve features and staff behaviours. The
primary goals, with their secondary performance objectives, are as follows:
To Increasingly equip students to Impart the churth and the worfd
Ensure Moorlands remains a discipleship-oriented. healthy and supportive communtty
Continue developing learning resourcesto support flexible learning
o Increase portfolio of courses offered both in person and online
o Build greater capacity for academic research
o Continue to address key risks to equality of opportunity in Higher Education
Ensure that benefits of belonging to Moorlands, our partnerships and USP5 are effertlvely
communicated to others
To Secu￿ finanaal sustslnablllty
o Recruit a minimum number of undergraduate and postgraduate students each year
o Generate increased income from non-HE provision
o Develop regular donations to 5% of general fund income
Reduce general fund dependence on irregular donations {using them instead for new
developments)
o Increase income from site
Improve operatlonal economy and efficiency by scrutinising general fund expenditure
10

MOORLANDS COLLEGE
ANNUAL REPORT OF THE TRUSTEES (continued)
For the year ended 30 June 2024
To achieve greater Independen￿ and securlty through recelving Degree Awardlng Powers
Apply for Degree Awarding Powers as soon as conditions allow
o Maintain current academic quality levels
o Strengthen governance
To ensure staff are well supported and equlpped to deliver their roles
Increasingly Inspire a positive working culture in line with the College values
Ensure clear and timely communication between ELT, Twstees, staff and volunteers
o Review individual and collective training and development strategy
Continue to strengthen line management and review system in light of best practice
Each performance objective has one or more Key Performance Indicators aligned with it. with nominated
management responsibility, and these are being overseen by the Executive Leadership Team.
Our undergradLiate degree student intake for 24/25 is expetted to be at least 40 for all our BA courses,
maintaining a similar level to last year. This includes an intake of 22 students at Christchurch, including
seven in Foundation Year, plus five students in the regional centre in the South West. Our hybrld-delivery
Flexible Learning BA will have an intske of 14 in its second year up from 12 in 23/24.
Our intake for MA Applied Theology has maintained at the same level as last yearwith 19, and we will be
teaching at least 20 students for the various courses run by the School of Language and Scripture.
Staternent of Internal Control
As governing body of the College, the Board of Trustee5 recognises that it h3s responsibility for
maintaining a sound system of internal Control to support the achievement of policies, aims and
objectives, whilst safeguarding the public and other funds and assets for which it is responslble, in
accordance wlth the responsibilities assigned to bt in the Article5 of Association, and the requirements of
such bodies as the Office for Students.
The system of internal control is intended to manage rather than eliminate the rlsk of failure to achieve
policies, aims and objectives- it can therefore only provide reasonable and not absolute assurance of
effectiveness. The system of internal control is based on an ongoing review process intended to identify
the principal risk5 tothe College, to evaluate the nature and extent of those risks, and to manage them
efficiently, effectively and economically. The risk management approach is summarised on page 3 and is a
major aspect of the work of the Audit and Risk Comrnittee. This process has been in place for the year
ended 30 June 2024 and up to the date of approval of the financial statements.
In addition to this. the Trustees oversee the College's performance in meeting its strategic objectives
through the planning and monitoring of the annual plan and budget. Regular updates on performance are
presented to Trustees during the year, with a full year-end report considered in October/November. A
provisional plan and budget for the following year is approved by Trustees everyjune, followed by the
approval of a final revision in October/November, once confirmed student numbers for the academic year
are known.
The Trustees have responsibility for reviewing the effectiveness of the College's system of Internal control
and, via the Audit and Risk Committee, conducts periodic reviews. Trustees consider the plans and
strategic dirertion of the College and receive reports from the Chair of Audit and Risk Committee and
have acce55 to the minutes of Audit and Risk Committee meetings. The review of the effectiveness of the
system of internal control is also informed by the work of the Executive Leadership Team, who have

MOORLANDS COLLEGE
ANNUAL REPORT OF THE TRUSTEES (continued)
For the year ended 30 June 2024
responsibility for the development and maintenance of the internal control framework, and by comments
made by the external auditors in their annual reports.
The Trustees are of the viewthat the College has an appropriateframework for delivering assurance on
key aspects of governance, rlsk management and internal control, and that there is clarity In terms of the
respettive roles of the Audit and Risk Committee, the Finance and Resources Committee and the Board of
Trustees.
With regard to regularity and propriety of public fundin& the Trustees are of the view that all reasonable
steps have been tske, through the College'5 ELT and the above committees, to:
ensure that funds from the Department for Education IDfEI, the Office for Students {OfSI and
other funding bodies are used only forthe purposes for which they have been given and in
accordance with Ofs, Financial Memorandum and the Funding Agreement with DfE and any
other condttions which DfE or Ofs may from time to time prescribe;
ensure that there are appropriate financial and management controls in place to Safeguard
public funds and funds from other sources.
safeguard the assets of the College and prevent and detect fraud; and
secure the economic, efficient and effective management of the College's resources and
expenditure.
ststement of Trustee￿ Re
rtin
Res
nsibilitles
The Trustees (who are also direttors of Moorlands College for the purposes of company law) are
responsible for preparing the annual report of the Trustees and the financial statements in accordance
with applicable UK lawand accounting standards {5ee Note l).
Company law requires the Tnjstees to prepare financial statements for each financial year, which give a
true and fair view ofthe 5Late of affairs of the College and of the income and expenditure of the College
for the year. In preparing these financial statements, the Trustees are required to-
select suitable accounting policies and then apply them consistently
observe the methods and principles in the Charities SORP
make judgements and estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed. subjert to any material
departures disclosed and explained in the finanaal statements
prepare the financial statements on the going concern basls unless It is inappropriate to presume
that the College will continue in operation.
The Trustees are responsible for keeping adequate accounting records that dlsclose with reasonable
accuracy at any time the financial positlon of the College and enablethem to ensure that the financial
statements comply wth the Companies Act 2rMJ6. They are also responslble for safeguarding the assets of
the College and hen￿ for taking reasonable steps for the prevention and detertion of fraud and other
irregularitie5.
12

MOORLANDS COLLEGE
ANNUAL REPORT OF THE TRUSTEES {contlnued)
For the year ended 30 June 2024
Information
rovided to Auditors
In so far a5 the Trustees are aware..
there is no relevant audrt information of which the College's auditors are unaware- and
the Trustees have taken a115tep5 that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditors are aware of that information.
Approved by the Trustees on 18 Novernber 2024 and signed on their behalf by:
Tim Goulding (Chair of Trus
Andy du Feu (Prinapal)
13

MOORLANDS COLLEGE
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF MOORLANDS COLLEGE FOR THE YEAR
ENDED 30 JUNE 2024
Oplnlon
We have audited the financial statements of MoortarKls College {the'charity) Ihe year ended 30 June 2024 whtch comprise
the Statement ol Finan￿81 Activities, the Balan￿ Sheet. thè Statement of Cash Flows and the notes to Ihe fina￿la1 state￿Ents,
including a summary of signfficant &countin9 wlicies. The finandal rewting framework that has been appliod in their
preparation is applicable law and United Kingdom AccJ)unling Standards. including Financial Reporting Standard 102 Th&
Financial Reporfyng st8n[l￿ applic* in the UK and Republic of Ireland {Unlt6d Kingdom Generally Acc8Pted Accounting
Practic8).
In our opinion the finanrial statements-
give a true and fair wew oflhe state of the r*aritable companys aff￿r$ as at 30 June 2024 and oflts incoming resources
and application of resourtss for the year Ihen ended:
have been proFety prepared in accordan￿ United lfjngdom Generally Accepted Accounting Practice" and
have been prepared in accordance with the requirements of the Companios Act 2(X)6 anej the Office for Students.
8asis for opinlon
Wg conducaed our audit in accordance Intemabonal Standards on Audiljng (UK) (ISAS (UK)) and applic4ble law. Our
resFonsibilibes under those stsndards are further described in the Audttorfs fesponsibilities for the audit of thè finanual
statements seclion of our reFQrt. We are independent of the charitable cJ)mpany in accordan￿ with the ethical requirements
that are relevant to our au(Jit of the finanL?al statements in'the UK including th8 FRC'S Ethical Standard,. and we have fulfilled
OLFr other ethical re5ponsibililie$ in atsx¢rd2n￿ ￿th the* reqUIre￿nts. We telieve that th8 audit evidence we have obtalned
is sufficient and appropriats to provide a basis for our opinion.
Con¢luslons r•latlng to going concern
In auditing the finanth'al statements, we have ujnduded that the dIr￿tors. use of Ihe going ￿n￿rn basis of accounling in Ihe
propardtion of the financHI ststements rs apwopriate.
Based on the work we have perfomed, we have not identified any rnaterial ￿n￿rtaIntI&$ ￿aling to events or condFtions that
irKlividually or collects"vely, may cast s19nff￿TrI doubt on the CharTty'$ akn'lty to rx)ntinue as a going ￿nCern for a per￿ of at
l&%t 12 months from when the financial statements are aut￿n$•I for issue.
Our responsibilibes and the resFonslbilities of the dIKe(A0￿ with respeLa to going (x)ncem are de￿ribed in the relevant seclions
Df this rewJrL
Other inft*nnation
The other infomation (x)mprises the 1nfcffmatl¢￿ inc*Jded in the amual reF)Ort, iK4udlng the directors, reForL other than the
financial statements and our auditors report Ihereon. The directors are responsible fDr the other information wjtsined within
the annual reporL (￿r opinion on Ihe financial ststements does not cover th8 olher InfOrTh￿ticffi and, except to the extent
otherwise expliatly stated in (Ajr reFOrt. we ￿ not expre&8 any fom] of assurance condusion thereon.
Our responsibilty ts to road the other inf0m￿tIOn and. in doirKJ so. CJ)nsider whether the other information is materially
Incnnsislent wrth the financial statements or our kn(Nledge obtained in the (x)urse of the aud[( or othenNise apFears lo be
materially misstated. If we identify such material inconsistencies or apparent material misstatem8nts, we are required to
determine whether thls gives rise to a material Misstate￿*nt in the financial ststaments themsdves. If. based on the work we
have perfomied, we Conclude that there is a matwial misslatement of this other informabn, ￿ are required to report that facl.
We have nothing io report in thi5 regard.
Opinions on ¢)ther matters prescrlb8d by the Companies Act 2006
In our i)pinion, based on the work undertaken in the c£Jur5e of our audrl:
the information given in the trustees, and strategic reiyxt, vthich includes the directors, report prepared for the putposes
of company law, for the financial year for %thi¢h the financtal statements are prepar￿ is ¢x)nsislent with tha finan¢lal
statemen15,' and
the directors, and strategic report ind￿led within the Trustees. Report has been prep¥ed in accordance 8ppII(able
legal requirements.
Oplnlon5 on other matters wescribed by th8 Officè for Sluderrts. (Qt8) tern￿ and eondltions of funding for hlghèr
educatlon Instttutions and the Ofs's a¢counts direction
In our opinion, in all materfal aspecis-
funds from whatever source administered by the thr1tyfOr8￿clfic Pufposes have been properfy applied lo those WIF￿)Se$
and managed in accordan￿ Mth the relevant tyislation:
funds prowd&l by Ofs have been appl*d in accO￿ar￿e with the relevant temis and coThJitTorts, and any other tem)s and
condltions attached to thom., and
th& requirements of th& CXS'S accwnts directi￿ have been fr*L
14

MOORLANDS COLLEGE
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF MOORLANDS COLLEGE FOR THE YEAR
ENDED 30 JUNE 2024 {continued)
Matter5 on whl¢h we arn raqulred to report by excèptlon
In the light of the knowledge and understanding of the charity and its environment obtained in fhe course of the audrf, we have
not identified matertal misstatements in the dirÈc*ors' or strategic rerx)rts included wth the trust￿. report.
We have nothing to rewrt In respect of the following maiters in relation to which the Companies Act 2006 requires us to report
to yOLb If, In OUT opinion:
lequate and proper accountwu r￿)rdS ha￿ not been kepL or relunlq adequate for our audit have not been receivad
from branches not v7sited by us. or
the financial slatemenls are not In agreement with the accounting recy)rds and retums," or
certain disclosuffjs of directors, remuneration specified by law are not made.. or
we have not re(bived all the infomiation and explanations we require for our audttr. or
Responslblltties ol directors
As explained more fully in the directors. reswnsibilrties statement, Ihe trust88s (wh) are also the directors of the chartsble
company forthe purposes of company lawl are responsible forthe prEparabon of the financFal statements and for being satisfied
that they give a true fair view, and for sud] intemal (x)ntrol as the trustees detem)ine is ne￿SSary to enable the preparation
of financial statsments that are free from material mi5Statement. 7th*ther due to fraLKI or error.
In preparing the finanoal statements. ts drectors are responsible for assessing the charty$ ability to cx)nkn'nue as a going
concern, disclosing. as appli¢able."m8tters rglatsd to going con￿rn and LtslrvJ the going concem basis of accounting unless the
dlrectors either intend lo liquldats the company or to cease opeTrtton5. or have no realislic ￿teMatiVe bLrt to do so.
Audito￿8 rèsponsibilities for thg audtt of the financial ststem8nts
Our objectives are lo obtain reasonable as&Jran￿ aboul whelher the fina￿la1 statements as a whole are free from material
misststemenl, wheth8r due to fraud or error. and to issue an auditorfs rep)rt that includes our opinion. Reasonable assurance
is a high levd of assuran￿, bLrt is not a ￿arantee thal an audit o)nducted in a¢Wrdan￿ vrith ISAS (UK) will athys detect a
material misstatement when tt exsts. Misstatements arise from fraud or error and are considered material if, indNidually or
in the aggregate, they coukl rgasonably be expecled to Influen￿ the ecor￿MiC decisions of taken on the basis of these
nanci81 statements.
Irregularities, indudlng fraufl, are irtstar￿8s of non-complian￿ with la￿ and regulalion5. We design prO￿dureS in line with our
r6sponsibilities. ouuined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which
our proc&fjures are capable of detectlng irregularities. Ind￿11ng fraud is detsiled telow:
Based on our understanding of the charity. we identif￿d that the pr[n￿paI risks of nor￿￿[￿)118n￿ with laws and regulations
relaled to employment and finan(xal rewrtin9 legislation and we considered the extent to which non-compliance mlght have a
malerial eff￿ on the finanual statements. We also o)nsidered those laws and regulations that have a direct impad Dn the
preparation of the financial ststements such as the Companies Act 2006 and the Charities Act 2011. We assess&1 the
susceptibility of the ch8rity's financial statements to material misstatement, inctuding obtaining an understanding of how fraud
might occur. by maknThJ enquiries of management, cortsidering the intemal controls in place and discussion amongsl the
engagement leam.
Wa determined that the principal risks were related to management bias in axounting estimates, presentation of separately
disclose(l items and managemenl override of controls. In resp)nse to the Trsks idenlifjed we designed proCedU￿S which
included, bul were not Ilmiled to challenging signlficant a￿untIng estimates. agreeing financtal statement disclosurgs to
underfying supporting dcthmentslron, evaluating th8 intemal oMtrols, reviewng trustees minutes and identlfying and tes1iThJ
journal entries.
There are inherent limitstions in the audit procwJur8s described aly)ve. Thè more removed that laws and regulations are from
financial transacttons. the less likety rt is that we would become aware of non￿mplIanCe. Material misstatements th?1 arise due
to fraud can ￿ harder to detect than those that arise from error as they may involve deliberate (￿ncealment or ￿llUsIon. A
fvrther descriptson of our responsibilities for the audtt of the finanual statements is Iwated on the Financial Reporting Counul's
website at: http."11svww.frc.org.uklaudrtorsre5ponsibilities. This descripti￿ fonns part of our auditc¢s report.
15

MOORLANDS COLLEGE
INDEPENOENT AUDITORS, REPORT TO THE TRUSTEES OF MOORLANDS COLLEGE FOR THE YEAR
ENDED 30 JUNE 2024 (continued)
Use of our rnport
This retxjrt is made solgty to the tharitsble companrfs member3. as a trK)ty, in accordance with Ch2Pt8r 3 of Part 16 of the
Companigs Act 2CNJ6 and regulations made under that ACL Our audtt work has teen undertaken so that we mfghl stale to the
Charitable companys members those matters we are required to state to them in an auditors, report and for no other purpose.
To the fullest extent pern￿ted by18w, we th not accept or assuTh reSponsi￿lIty to anyone other than the charitable company
and its members as a Ixmly, for our a￿11* work. for this ropor( or for the opnions we have fompd.
Miriam Hickson FCA (Senior Statutory Auditor)
for and on behalf of Jacob Cavenagh & Skeet
Stalulory Audltor. Chartered Accountants
Dated.. 21 Z02
5 Robin Hcod Lane
Sutton
Surrey
SM12SW
16

MOORLANDS COLLEGE
STATEMEIIT OF FINANCIAL A￿1v￿lEs 11nd￿lIng irtmme and Expendibfft ￿cOUntI
For the year ended 30June 2024
Tot41
2024
Unrestrleed
DeJiqnuted
R*tricted
Jbnds2023 fvvd52023
p2r*ratsnd 20Z4
Total
2023
tundJ2024 fiJrd$2024
IPKOME
Income tromyver*edfiJnd¥
Plots
47.662
27847
75.109
OtherTradin$P£tlyllie
J￿incOMe
Other￿ts￿saIes
InVestmElltln¢ome
Incomefrom¢hthtthfe*iviYi$
Fducatlon*8nd rditedinc(>me
131J40
98J23
170,283
2.316
3.358
11.630
2.316
3351
limo
2.327
3288
5,936
2,327
3.238
5.936
1.489.920
.391
1.584.062
241.177
1.825,239
Toi4flncorTre
1.554.88S
122.838
1677.724
380,100
2,007.or13
EXPENDrfuRE
R*lrtgFundi
ChBrIt￿l1￿Athl￿S
20.110
1.612.737
20.11
,yi¥
2S.511
1666.385
ZS.511
1,994,629
90.781
209.080
86,521
241.723
T0ts1E¥pen￿il￿r*
1.631847
$0.78L
209.￿0
1.932,708
1,692.896
86,521
341,723
2.021.140
NeiinumellFxpertthrelbeS)NTrJnsfeKS
177.9611
190.7811
186.2421
1254J141
34.007
186,521)
38,377
(14.1371
Transfsrs
170.2451
7D245
314215
1303.5661
110,6491
t4EfMOVEMwifiFUND5
114B.2061
120.5361
II&Z42)
1154.9841
348,2Z2
{350.0871
27.7Z&
114,137J
Balances•tstartofy*arlLJulyl
661.179
4.S91.119
181N4
5JIY.IJ2
313,957
4.981.206
J54,15S
5.448,319
Bil4ncesatendofy4ariaoJvnel
511973
4.570,583
95.642
5.179,198
661.279
4.591.119
181,884
5,434,1ts2
ThÈnDte5 w¥&￿dIt￿13￿￿5￿rtE1thoS9f￿a￿Cr￿lSkle￿OfitL
17

MOORLANDS COLLEGE
Registered Company number 4241702
BALANCE SHEET
As at 30 June 2024
2024
2025
Note
FIXED ASSErs
Tangible a55etS
4,570,583
4,591,119
CURRENT ASSEf5
Stocks
Debtors
Investments.. l Year Bond
Cash at bank and in hand
27,906
87,341
88.762
511,504
71S.513
24.370
64,913
901.060
990.343
CREDITORS: Amountsfalling duewithin one year
{ 106.8981
(147.280}
N￿CURRENT ASSErs
608,615
843,063
NEfASS
5.179,198
5.434,182
RESERVES
Unrestricted General Funds
Designated Funds
R£stricted Funds
512,973
4,570,583
95,642
5.179,198
661,179
4.591,119
181,884
S.434.182
Thegeflnancial Statementsw￿e approv&J and authori￿1 for issue bytheTrusteeson 18 November 2024 and are signed on
their behalf by-
MrTGoulding
MrAduFe
Thenote5 numberoj i to 13 form part ofthe5efinaTrcial rtatanent&
18

MOORLANDS COLLEGE
CASH FLOW STATEMENT
For the year ended 30 June 2024
2024
2023
OPERATING AcnviTIES
Surplus {defic￿l afterdepreaatK)n
Adjustmentto add back depwiation
Adjustrnentto add back105s Ideduttsurplusl cm disposal
Adjustment to dedutt interest
Net changes in workin8 capitsl
IncDme taxpaid
Net cash infbjw (outlknv) from opera0￿ aL1fvtiies
1254984)
89938
(14,137)
699
{ 11.6301
1663461
15ts36J
11329
(242,178)
77.777
INVESTMENfAcfiviTIES
Purchase of fixed a55ets
{ 70,2451
188,7621
11,630
(58275)
Purchase of l-year Bond Icharity Bank)
Interest recelved
5,936
Net cash loutlkM)from investilg actr•kie5
(147,377
{52,339J
FINANCING AcfiviTIES
Netosh Infkhv lautfS)w)from artp4ities
Overal netca5h inf1owlc4ftll￿}
(389.556)
Cash at Start of year
Cash at end of year
901,060
511,504
875,622
9Qi,060
The notes numbered I to 13 forTh part ofthese financial statements.
19

MOORLANDS COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
For the yearended 30 June 2024
ACCOUNTING POLICIES
Basis of preparlng the financial statements
Mwrlands Co118ge is a tharrtab18 company registered in England & Wales. The address of the registered
offic@ is given in the charity information on page 1 of these financtal staterrEnts.
The charity constitutes a public benefrt et7tty as defined by FRS 102. The financial statements have been
prepared under the Companies Act 2006 and in accordance with the Charities Statement of R8commend&d
Practice (Charrties SORP (FRS 102)). Financial Reporting Standard 102 (FRS 102). the Charities Act 2011,
and the requirements of the Office for Students.
The TNstees consider that Ihere are no material uncertainb'es regarding the College's ability to continue as
a going COn￿M. In r&aching that conclusion Trustees have considered the cash flows for one year from
the dat8 of approval of the fjnancia 5tat8ments. The Trustees hav8 wnsidered a range of scenarios that
could occur over that period and believe that the strength of the College's reserves. wilh various economi8S
that have been put in pla￿, wll ensure its ability to continue as a going concem for a period in excess of 12
months from the reporting date. Beyond that timescale. the Truste@s b&lieve the ongoing impact of th&
signifi￿ant revision of th8 College's BA programme, tog81her with fresh marketing resourcing and initiatives,
and maximising recruitinent opwrtunities at corrferences and events, will generate suffioent student
applications and fee income to bring the Colleg6 fInan￿S back into surplus. Additionally the appointment of
an extemal fundraising advisor on a rolling agreernent. in the summer of 2024, is anticipated to grow income
from both trusts a￿1 rndividuals.
Th8 financial statements have been Fxepared urKJer the historTcal cost convention and are presented in
st8rling whith is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are sat out below.
These policies h8V8 been consist8nlly applied to all years presented unless otherwise stated.
Income
Income. induding grant. govemment grant and legacy income. is recognised on an accruals basis, when the
College is legally entitled to il after any perfonnance conditions have been met, th8 amounts can be
measured reliably, and it is More likely than not that the income will be recetved. Incom8 is deferred if time-
related cx)nditions Cf perfomiance ￿ndItionS require deferral of the amount.
Expendllure
Expenditure is acoiunted for on an accruals basis. inclusNe of 1rr￿V8rabre VAT. Certain expenditure is
directly altributable to specrfic actwities and has been allocated to those cost categories and gov@rnan¢e
costs in accordance wtth the requirements of the Ststement of Recommended Practi￿. Cerlain other costs
and some stsff costs are attrrbulable to more than one activty. In these cases the costs have been
apportion8d to the individual aclivities ￿ the basis of Ihe lime spent by staff on matters relatlng to thos8
activities.
Governan￿ costs c(Knpri8e of all costs relating to Ihe public accountability of the Co118ge and its compliance
WFth regulation and good pra￿[￿. Thes8 costs Ind￿le costs relating to th8 Statutory audit.
Bursaries
Bursaries from restricted funds ar8 induded as expendi￿re in U)e p8riod for whi(*7 the award is giv8n.
Tangible fixed assots
Assets are only ¢apitalis8d, at cost, where they o)st £1.000 (Y m(Ye. Assets rx)sting less than £1.000 may
be ¢apitalised wh8re these form part of a set or a viider equipment package.
Freehold land is not deP￿rated. Depreciation of buildings is based on useful economic lif8 and residual
value of each main building. Depreciation of other f￿ed assels is promded for at the follomng rates to wrrte
off the original cost of each asset over ts estimated u*fiJl lrfe. Depreciation on assets is charged from date
of first US8 or, where more appropriate. from the date of purchase.
20

MOORLANDS COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30June 2024
ACCOUNTING POLICIES (continuod)
Freehold buildings
Fixture5. fittings arKI equipm8nt
Between 20 and 100 years straight line
20% per annum straight lin8, unless useful economic
life is deemed to be longer or shorter than 5 years
20% per annum straight line
Motor vahicles
Debtors
Debtors are included at the settlement arnount due. Prepayments are valuad at the amount prepaid.
Creditors and provi8lons
Creditors and provisions are ￿CognISed Whe￿ Ihe College has a present obligation arising from a past
event that will probably result in the transfer of funds to a third party and th8 amount due to Settle the
obligation can be reliably measured or estimated. Creditors and wovisions a￿ recognis8d at their settlement
amount.
Stock
This is valued at Ihe lower of wst and net realisable valu8, after allow4ng for slow moving or ob501ete items.
Library
Th8 Cost of additions to the library ts written off in the year in which the lterr￿ are purchased, except for
eBook subscriptions where the length extends beyond the Current year.
Pensions
The College offers a defined contribution pension scheme to rts employees an(J makes contributions to this
pension scheme on behalf of its employees. The scheme is open to all qualifying employees and 8nrolment
in Ihe scheme Is optional. The contributions payat4e for the scheme for the periixl are charged in the income
and expenditure account. The charge for the year is shown in Note 4.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balan￿ she8t date. Transactions in foreign currencies are translated into sterling at the rate of exchange
ruling at the dal8 of the transacti(￿. Exchang8 ￿rfferen￿5 are taken into actount in the Statemenl of
Financial Activities.
Tax status
The College is a registered chaiity and th6refcfe Ft is not assessable to c(¥poration tax on any surplus
charitable funds.
Funds accounting
Funds held by the College a￿".
Unr8Strictedgenerdl funds are funds that can be used in ￿)rdan￿ with the charitable objects at the
discretion of the Trustees.
De&gnated fvnds are funds set aside by the Trustees out of unrestrtcted general funds for specific future
purposes or projects.
Restricted funds are funds that can only be used for partiGular purpose5 Within the objects of the College.
Restrictions arise when sperified by the donor or vthen funds are raised for particular restricted purposes.
The nature and purpose of each fund 15 explain8d ￿rther in note 8 to the financial statements.
21

MOORLANDS COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2024
2a L)ONATI&Y5AND LEGACI
Unrestricted
Restrict
2024
2023
General donatlons
Donationsft)r new proletts
Donatlonsfor5tudent bursarie5
47,662
47.662
1,942
25,505
75, 109
131.340
30.146
8,777
170,263
1,942
25.505
27.447
47.662
2b Gk4NT AND FEEINCOME
2024
2023
Grdnt incornefrorn Iheofflcebrstudenls
Grant Incomèfrom other bodie5
F￿ incornefor taught HEaward5
Feeincornefor researth awards
Feelntomefrom non-qualifying cou
Total Grant and Fee Income
Other Educatiot)al and retated income
Total Educational and rdated income
27,631
61.380
1.022,484
49,766
1.150.190
16.648
1.128,143
457.168
1.585.311
9.734
1.256.467
568,772
1,825.239
3 ANALYSISOFEXPENDIIURE
5trff costs
Premises Dep￿latIOn LAhercost5
Total 2024
Toto12023
Costsof geTreratin8volunt?ryincorne
c0stsofact1￿tlQsfor generntinglncome
Tot&lcostofroi&ngJunds
TeachlnBand related costs
Other student costs
Support Costs
Governanrecosts
Totolcostsofcbt7ritobleo¢tlvities
87
19.835
19.922
659,263
113.200
399.568
105
82
192
19,917
20,109
939,929
266,897
692,665
13,107
1.912.598
6,370
20,141
26,511
1,025,393
269,723
680.377
19,136
1.994,629
187
250,070
153.697
54,951
13.107
471,825
30.596
178.804
59.342
1.172.031
178.804
89.938
Total Expendlture
1,191,953
178.804
89,938
472.012
1,932.707
2,021.140
Othw costs..
2024
2023
rea¢hin8tOSt5
Libraryand stvdy rnateriajs
Catering and StUd￿t welfare
verti4ngand promotion of thecollege
Officecosts
Fees p3yablefortheaudlt
Conswltantsand legal fees
Travd and sub￿stente
Bad debt5 & provision fordoubttvl debts
Sundry expenses
251,382
25,932
105,807
20,532
15,006
11,980
10,468
25,918
1.096
3,893
472,014
300.317
27,678
120.736
20,453
17,464
11,073
22.632
24,310
9,810
10,204
564,677
22

MOORLANDS COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
For the yearended 30 June 2024
4 ￿AFFCo5r5
2024
2023
Wagesand salèrles
Socia[￿uritYCOStS
Otherpenslon costs
L017,497
66,260
78.015
1.161,772
1,027.560
69,096
87.964
1.184.620
Rernunttatlon of Principal
2024
57,688
2023
&lary
P￿&0￿ contrlbvtlons
Termlnatton payments
Remuneratlon of ktlngPrfncipal
Salary
Penjon contributions
48.169
4,816
52.985
65.232
Median pay ratlos
Atl stsff bagc salary IwrtPrin}
Al stafftotal p3y{wrt Prin)
All staff baslc Aary (wrt kt Prin)
l5taffto￿( p3ylwrtkt Prlnl
2.00
na
no
na
1.32
1.45
na
lan Coffey was Prin￿paI for2 monthsatthebeginnir¥ofthe k¥ev￿u$Y￿rU￿￿-A¥2023l In 1024 lan CoffEy rJ)rMuÈd3s an
adI￿trIed￿rera1W￿r￿￿￿edreMUnu31On lirKernkknerM & pe￿￿nI (*£5364.
At 30Jure 2024tt*rE were Maccrued arn(Junts In re4)ettofperLsioncosts12023: Étffj.
NostafFrxewedrEmuner3tb)nh eKess ofÉ60mlw3rnum IZ023: £WI.
Indvdedintheabtsveare redurnlarKy payments of £nll12023.. £ndl rnade in rEktiontostsIfk￿.)ndteTm￿￿tIDnP￿M¢n of£nil
made theyearl2023.. Enill. ￿1 suth payrnentsare rerfj8n￿ed Wh￿legalagreeM￿tiS read*d.
No rernunEratDnvJas P2td toTnL%tees f￿theIr￿lea5TI1jstees. Travel eAPer￿e5 of￿5 W*2￿[mbu￿edIOT￿￿oUIfjngthe
yearl2023.. £1(Y)Iformeetir4 iuÈndarKe. £￿Vra5 paklon behaWofTrufftes bthird pari*$fv￿1nI￿Ora￿omrn1￿￿lo￿lloI3..
4(8). ￿Yrne￿ts ofÉnll weTernadÈtoTrustees fOr[eLt￿re$12D23. £nlltothreeTtus*esl R•nunerJtlOn¢¥Fdosefam￿ymÈmL￿rs of
Ttustees total￿dEnl111023.. £nli I forteathir% arvjstaff accommottstlc￿.
Jmgthe yearthe Coleee havearytrar&acbons *4ththatiiteswiththhthit5￿reS3 T￿￿e. lfi tlE prevth5yearl20231
the Collegesha￿a Trustse I￿￿south wesly￿ retrThfed Irtsme ofE12P32andinturrede4Jenses of£56912. These
rr8r￿8ctsonS werecarriedoutatin'arni s lEryth.t4s￿. ThefAStsÈS recehfednOlJwefftfvthetrdngacd￿.
ReMUr￿lat￿￿ Ihcempl¢yerNI & pen5ionl ofkty m3nagerRenttotaW E262267 fv6 posts (2023: E333345 for8 I￿ts1.
R￿n￿￿eRtiOn1lrKe￿pl¢tyÈrN1 & pensionlolcbjsefamity members of keymanaBeM￿ttDta￿edQ2.l9l(lO23: £635761.
Jfingtheyear. payrnents totsirng:
£420were reLÈivedfram, a￿£ThI made to.thistithuth &mChurth £￿￿￿D#v￿41A(L￿nI5 a trustee
12023-. £3W re￿ed.Érullr.adel.
£63A60wEr2receNedfrom,arn1£5072 made to.Wythffe 8blÈTrar61atr￿ IL*lofvAMthlan W 15 a trt￿e
12023- £49.7661E￿l￿ed.LSAI7o mtdel.
£1?85 werereCeDiedfrDm.3￿l£nil made t¢J.SmTrhillihwth ofw*ich Meknisabithe
12023.. £IJ07 tErtsfe4E70madel.
ThÈaverageweekFynvmbertsf employeesway.
2024
ual
2023
Actut71 ￿EquI¥￿/e￿t
Ffequiv8lent
Acadunic
Full tlme
Parttime
30
30
Support
Full tlme
ParttimÈ
io
20
17
Totsl
Full tlrfte
Pèrttime
0¥2fdll Total
17
14.2
15.1
29.3
J9
50
69
16.1
14.4
30.5
47
64
The iljove ernployeenumbers exdudesthdents and&reALecturers whohave been*nrknedona tempor4ry basis durKJgtr
year, howeverthe¥datrdpayro¥costs a￿ indudedththeabwe sbff costs.
23

MOORLANDS COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2024
S TANGIBLE FIXED ASSEYS
Freehold
Buildings £
Land
Equipment
Total
C¢)St.'
at 30June 2023
AdditlOn5
Disposals
at 30 June2024
DEPRECIATION..
at 30 June 2023
Chargefor theyear
iminated on disposals
at30June2024
282,299
5,373.202
52,3Q9
647.044
17.936
148,526
616.454
6,302.545
70,245
148.5261
6,324.264
282,299
5.425.511
1.151.414
58.018
560.011
31.920
147.6821
544,249
1.711,425
89,938
{47,6821
1,753.681
1.209.432
BCQK VALUE..
at30June2024
ot30June2023
282.299
282.299
4.216.079
4,221,788
72,205
87.033
4,570,583
4,551,120
JI of the assetsare used for charitable purpose&
6 DEBTC#IS
2024
2023
Feesoutstandlng
Prepayrnents
Otherdebtors
18.302
49,498
19,541
87.341
22,211
32.010
10.692
64.913
7 CREDIT0RS:AMfAif￿ FALLING DUEWITHJH C*4E YEAR
2024
2023
Feesln advance
Tradecreditors
Deferred In¢ome IGr3ntsl
Taxesand social security
cruals
Holiday payaccrual
4.843
31.569
15.320
44.327
11.857
25,886
32.743
106.898
31,336
26,243
30.054
147,280
Movemen
rred Inco
in 3d¥ant
2024
2023
Deferred In¢omÈ brouEhtfonwd
Income releasal in they
Incomedeferrgj in the year
Deferred Income carrled for¥Ydrd
15.320
112.9201
2,443
4,843
14.290
(11.257)
12.287
15,320
nt n Deferr
om
Gran
2024
2025
Deferred In¢ome brty*
Incomereleawj in theyear
Incomedeterred in theyear
Deferred Intome c¥fledlDrward
24

MOORLANDS COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
For the yearended 30 June 2024
8 RECONCILJAMON ON MOIEMENTS OFFUNDS
Forthe year ended 30June 2024
At l July
2023
Income
Exp￿ditUre
Transfers
At 30 June
2024
Unreslricted Funds
General fund
661,179
1.554,886 { 1,632,847)
170.245
512,973
Deslgnated fvnds
Contlngency Fund
Cyclltal Refurbishment & Malfttenan
Bullding Yixed Assets
Equlpment Fixed A%ets
4.504,087
87,032
4.591,119
{58.0181
132.7631
190,7811
52,309
17,936
70,245
4,498.378
72,205
4,570,583
Totsl unrosricted fvnds
5.252.298
1,554,886 { 1,723,628)
5.083.556
Restrictedfvmds
New Projects Fund
Student Bursary Fund
Student Hardship Fund
B￿nda Brady Bursary Fund
Misc. Other Restricted Funds
105,865
43,561
8.142
5,968
1,880
17,658
89,190
183.8651
11,0531
11.3801
117,6391
1105,1431
30,142
48.476
500
19
16,505
32.458
Totsl restricted lunds
181.884
122.838
(209.080)
95,642
Total funds
5,434,182
1,677.724 11,932.7081
5,179,198
FortlJefvEorended30June2023
Atl July
2022
Income
Experlditure
Transfer5
At 30June
2023
ilnre*rirtedFunds
Generolfvnd
312.957
1.726,903 (1.692.896)
314.215
651,179
Deslgnotedfvnds
ContiJpgencyFund
Cyclict71Refvrbishment& Mointaponce
Bvildffn9 FixedAssets
EquipmenthxedAssets
186,300
175,541
4.548,667
70,698
4,981,206
{J86,300J
1175,541 J
154.985)
10,405
(31.536)
47.870
(86.521} {303,566)
4,504,087
87.032
4,591,119
rotalunrÈ5trirt¢dfvnds
5.294,163
1.725.903 {1. 779,417)
10,649
5,252,298
Re5trlrtedfvnds
NewPro}ect5 Ftsnd
StudentBursaryFund
StudtntHord5hip Fund
Brenda Brody8ursoryFund
MIX. OtlJerRestrlctedFunds
75,825
50,543
1.684
3.886
22,218
174,540
5.618
2.818
2.359
94.765
{144,SOOJ
{12,600J
(4,502)
(6.245)
(73.876J
105,865
43.561
flO.649J
32.458
Totulxestrlcredfvnds
154.156
280,100
(241,723)
110.649)
181,884
rotulfvnds
5.448.319
2,007,003 12,021,140)
5,434.182
25

MOORLANDS COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 20Z4
8 RECONCILIATION ON MOVEMENfs OF FLINDS (continued)
The funds shown on the previous page have thefdknwing purposes..
Unrestrkted Fund5:
General Fund- availablef(Kthe generar0pera￿n clthe Cdlege's main aLtiviti@s
Des*nated furnts:
Conti
Fund- prev to suky)rtthe General Fund in the event thatincome declnes,. now consolidated in Ge
efurblshmen
& Maintena
F. edAsse
d- pw tofund orEoing building maIntenar￿. now consolidated in I
- hold5 fixed assets arI5w￿ from caixtalisation of land aTrJ bUild￿g assets.
hoids f￿ed assets arfsing frDm caixtali5ation crfplanL equipment and vehicles.
en
Buildin
Restrkted F￿￿$.
w PrD"ects Fun
Studen
Bur50
Student Har(tshi
rFda Bra
Misc Ilan
- hekl fornew specific buil(fing orequirping projects.
d~ held forbur5ary funding of studenttuition fees.
Fund- held to PfDvide finanaal hardship SUp￿rtfOr5tUdents.
und- held forfunding needs of student boty or individuals.
ed Funds- hekl forvèriou5 spec￿￿ puwes as received.
Fu
ous Other R
The fund trdnsfers indlcated ￿ the previoLLS page are explained as follows".
Between Generdl Fund and Desi8nated Funds:
Caprtalisation of fixed assets purchased In the year, andtrdnsferredtothe desEnated fund for &Jildin8
FixedAssets.. £5230912022123: £IOA051 and Equipment FixedAssets.' £17.936 (2022/23: £37,221).
From General Fund to Restricted Funds:
TTrn5ferto New Projects Fund tocoverthose staffing and operatronal costs which are not covered by
restiicted inwme and were being charged instead to the General Fund: £nil 12022/23.. £nil).
etween Desiqnated Funds:
Capitalisation offued assets purthased u￿lef Cycbcal Ref￿bi$l¥nent & maiTrtenan￿ and transfeffed to
the designated fu￿1 for Building Fixed Assets: £nU (2022123: £nil).
From Restricted Funds to (rthe￿..
Copttali5at*)n of f￿ed assets, pU￿hased from Misc 0therReSt￿d Funds, and transferred to the
desi8nated funds for Equipment Fixed Assets.- £nl12022123: £10.6491 and Buildings Fixed Assets., £nil
{2022/23.' £nill.
26

MOORLANDS COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30June 2024
9 ANALYsISOFN￿ASSEfS BETWEEN FiNDS
2024
unrestrict￿ Funds
General
Fund
Designated
Fund5
Re5trirted
Funds
Totsl
Funds
Fixerl assets
Inve5tments.' l Year Bond
Cash at bankand In hand
Stock
Debtors
Creditors
4,570,583
4.570.583
88.762
511,504
27,906
87.341
1106,898}
5,179,198
88,762
415,862
27.906
87,341
1106,898}
512,973
95,642
4,570,583
95.642
2023
UnrastrlctedFunds
Generol Designoted
Fund
Funds
Rebtrlrted
Funds
Totol
Funds
Fixedossets
Investments.. i YearBond
Cosh otbankandin hond
stock
Debtors
Creditors
4.591.119
4.591.119
719,176
24.370
64,913
(147.280)
661.179
181.884
901.060
24,370
64.913
f 147,280J
5.434.182
4,591.119
181,884
10 LEASES
Operating leaseehar8e5fortheyearweref nil (2023: £1.6061. At 30June2024. thecollegehad
total fijtureminlmum payM￿tS undernon-cancetlableoperating lease5 as..
ryJ&
As ot30Jurte Z023
lond&
i￿lIdIng$
OthEr
bui7dtiJgs
Other
within l year
within 2 to 5 years
after 5 year5
11 CAprrAL CINfflMITM£PIIS
Therewereno capital commitmentsat 30June 2024 (2023.'£nill.
12 coNnNGENTLIABILmES
Therewereno contingertt Ilajilitiesat 30June2024 (2023: £nllk
27

MOORLANDS COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2024
13 ACCESSAND PARncipATJ(hY COSTS
2024
Staffing £
4.210
1,800
2,920
2024
Other£
1,490
10,674
2024
Total E
5,700
12.474
2,920
2023
Stoffing £
4,955
1,800
3.985
2023
Other£
701
6.872
2023
Totol£
5.656
8,672
3,985
£C￿ investment
Financial 5UPPOrt
Support for disabled student5
(extluding costs above Cates￿]es}
Research and e4aluation
15,490
24,420
IS,490
36.584
12,901
23,641
3. 750
11,323
16,6SI
34,964
12,164
The 3bove stsffing costs are W1ts1nsttothe delivery of the acress aThJ pa￿(￿ali)n a¢bvities.
Those staffin8 costs are Included Èn the oyerallstslfing costs shown in Notes 3 and
28