## ||**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|