2022-07-31-accounts

	Pages	Pages
Legal and administrative information	1	- 2
Report of the Board of Trustees	3	- 10
Report of the auditors	11	- 14
Statement of financial activities
(including income and expenditure account)	15	- 16
Balance Sheet		17
Statement of cash flows and analysis of changes in net debt		18
Notes to the financial statements	19	- 27

	**Unrestricted **	Unrestricted
	funds	funds
	2022	2021
	Total	Total
	£	£
Donations
Donations received - intangible income	1,560	1,530
Income from charitable activities
Annual centre approval fees	304,875	271,500
Learner registration	3,730,942	2,740,746
Conferences and training fees	17,985	13,525
Replacement certificate fees	12,250	10,875
Sundry income	2,500	3,262
Bank interest	2,621	3,574
	4,071,173	3,043,482
Total Income	4,072,733	3,045,012
Expenditure on charitable activities
Rent and rates	68,713	91,861
Staffcosts	2,604,823	1,647,901
Temporary staff costs	9,808	8,884
Moderation fees	311,488	260,127
Moderation travel and expenses	11,094	460
Certificates	43,962	22,649
Travel and subsistence	17,649	442
Printing, postage and stationery	16,498	2,884
Recruitment	33,895	10,364
Staffrelated costs	23,719	15,906
Conferences, books and publications	9,434	5,250
Payroll and pension administration charges	1,962	1,808
Bad debts	7,834	(3,298)
Depreciation	29,071	30,671
Insurance	7,426	7,169
Expenditure - carried forward	3,197,376	2,103,078

	**Unrestricted **	Unrestricted
	funds	funds
	2022	2021
	Total	Total
	£	£
Expenditure - brought forward	3,197,376	2,103,078
Expenditure on charitable activities - (continued)
Legal and professional	45,588	26,716
Subscriptions	5,068	4,231
ICT support and maintenance	190,606	181,394
ICT services	49,170	6,046
Office equipment	44,045	28,672
Marketing and publicity	121,810	136,715
Equipment rental	5,639	5,138
Bank charges	1,029	699
Interest payable	3,965	2,963
Awarding status organisation costs	4,580	2,672
Qualification development costs	38,526	29,665
Consultancy	63,573	137,362
QAA	18,966	19,044
Auditors' remuneration	9,060	9,120
Loss on disposals	26,483	-
Donation	-	2,680
Total expenditure	3,825,484	2,696,195
Net income for the year	247,249	348,817
Balance brought forward at 1 August 2021	3,381,077	3,032,260
Balance carried forward at 31 July 2022	3,628,326	3,381,077

	Notes
		2022	2021
		£	£
Fixed assets
Tangible assets	5	52,582	68,703
Current assets
Debtors	6	787,174	444,876
Cash at bank and in hand		4,745,527	3,802,140
		5,532,701	4,247,016
Creditors: amounts falling due
within one year	7	754,413	478,856
Net current assets		4,778,288	3,768,160
Total assets less current liabilities		4,830,870	3,836,863
Provisions	8	1,202,544	455,786
Net assets		£3,628,326	£3,381,077
Funds
Unrestricted funds		£3,628,326	£3,381,077

	2022	2021
	£	£
Net income	247,249	348,817
Add Depreciation	29,071	30,671
Loss on disposal of fixed assets	26,483
Less Interest received	(2,621)	(3,574)
(Increase) in debtors	(342,298)	(216,647)
Increase in creditors	275,557	78,653
Increase in provisions	746,758	49,853
Cash generated from operating activities	980,199	287,773
Cash flows from investing activities
Interest received	2,621	3,574
Purchase of tangible fixed assets	(50,690)	(16,398)
Proceeds from sale of fixed assets	11,257
Cash expended on investing activities	(36,812)	(12,824)
Increase in cash and cash equivalents	943,387	274,949
during the year
Cash and cash equivalents at the beginning
of the year	3,802,140	3,527,191
Cash and cash equivalents at the end of the year	£4,745,527	£3,802,140
Analysis of changes in net debt
Cash at bank and in hand:
At 1 August	3,802,140	3,527,191
Cashflows	943,387	274,949
At 31 July	£4,745,527	£3,802,140

he net expenditure is stated after charging:
	2022	2021
	£	£
Depreciation of tangible fixed assets	29,071	30,671
Auditors’ remuneration in respect ofauditservices	9,060	9,120
Operating lease payments	58,229	86,711

	2022	2021
	**£ **	£
Wages and salaries	1,464,314	1,309,183
Social security costs	159,066	133,991
Pension costs (note 10)	981,443	204,727
	2,604,823	£1,647,901
The monthly numberof employees, calculated on afull time
basis, during the year was made up as follows :
Management, administration and service provision	35	33
The monthly numberof employees, calculated on an actual
basis, during the year was made up as follows :
Management, administration and service provision	37	35
Higher paid employees
£60,000 to £69,999	2	2
£70,000 to £79,999	1	1
£80,000 to £89,999	1	_
£90,000 to £99,999	1	1
£120,000 to £129,999	1	-
	6	4

			Fixtures
		Leasehold	and
		Improvements	fittings	Equipment	Total
		£	£	£	£
	Cost
	At 1 August 2021	150,110	36,023	128,880	315,013
	Additions	7,258	22,096	21,336	50,690
	Disposals	(150,110)	(33,774)		(183,884)
	At 31 July 2022	7,258	24,345	150,216	181,819
	Depreciation
	At 1 August 2021	104,442	33,740	108,128	246,310
	Charge for year	9,147	3,319	16,605	29,071
	Disposals	(113,321)	(32,823)		(146,144)
	At 31 July 2022	268	4,236	124,733	129,237
	Net book value
	At 31 July 2022	£6,990	£20,109	£25,483	£52,582
	At 31 July 2021	£45,668	£2,283	£20,752	£68,703
**6 **	DEBTORS
				2022	2021
				£	£
	Prepayments and otherdebtors			175,979	98,179
	Fees receivable			611,195	346,697
				£787,174	£444,876

	2022	2021
	£	£
Trade creditors	149,123	66,131
Accruals	198,994	76,448
Deferred income	332,000	282,750
Taxation and social security	36,334	31,692
License fee	37,962	21,835
	£754,413	£478,856

	2022	2021
	£	£
USS pension scheme funding plan
Balance brought forward	455,786	405,933
Movement in year	746,758	49,853
	1,202,544	£455,786

	2022	2021
	**£ **	£
Not later than 1 year	169,204	71,899
Later than 1 year and not laterthan 5 years	254,082	154,306
	423,286	£226,205

	2022	2021
Males currently aged 65 (years)	23.9	24.7
Females currently aged 65 (years)	25.5	26.1
Males currently aged 45 (years)	25.9	26.7
Females currently aged 45 (years)	27.3	27.9

	2022	2021
Discount rate	3.31%	0.87%
Pensionable salarygrowth	2%	2%

INANCIAL INSTRUMENTS
	31 July	31 July
	2022	2021
	£	£
Financial assets at amortised cost	611,345	346,847
Financial liabilities at amortised cost	340,117	134,579