2020-07-31-accounts

Legal and administrative information	Legal and administrative information
Report ofthe Trustees
Independent auditor's	report
Statement offinancial	activities
Balance sheet
Statement ofcash flows
Notes to the financial	statements

Directors &	Trustees:		Mr D Cooper			(resigned	26September 2019)	26September 2019)	26September 2019)	26September 2019)
			Ms SDornyei
			Mr D Howard
			Ms E Hunt MsJJarman			(appointed (appointed		1 February 2020) 1 February 2020)
			Ms R Lowe
			Ms J Parr			(Chair)
			Mr J Perry			(resigned	20 November 2019)
			Ms S Pesic-Smith
			Ms CStevens
			Ms JWard
			Mr A Warren
			Ms I Wilson
Senior Management:			Ms T Forman	(Principal)
			Ms V Myko	(Head ofSpecialist				Support	&Pastoral
			Services)
			Ms SFreeman	(Head ofCare &			Support —resigned			21
			February 2020)
			Ms C Ibbotson	(Head ofCurriculum				&Quality—
			appointed 20 April		2020)
			Ms SPickering	(Head of Human			Resources)
			Mr SWhiting	(Head of Finance			&Business Services—
			resigned 28 February 2020)
			Mr P Fletton	(Head of Finance			&	Business Services—
			appointed 9March		2020)
Registered	Office:		217 Loughborough		Road
			Mountsorrel
			Loughborough
			Leicestershire
			LE127AR
Registered	Company	Number:	04956068 (England		and Wales)
Registered	Charity Number:		1114995
Auditor:			The Rowleys Partnership			Ltd
			Charnwood House
			Harcourt Way
			Meridian Business		Park
			Leicester
			LE191WP
Bankers:			NatWest Bank Pic
			Market Place
			Loughborough
			Leicestershire
			LE113EA
Solicitors:			Shakespeare Martineau
			2 Colton Square
			Leicester
			LE1 1QH

Mr Ms	D Cooper SDornyei	(resigned	26 September 2019)
Mr	D Howard
Ms Ms	E Hunt JJarman	(appointed (appointed	1 February 2020) 1 February 2020)
Ms	R Lowe
Ms	J Parr	(Chair)
Mr	J Perry	(resigned	26September 2019)
Ms	SPesic-Smith
Ms	CStevens
Ms	JWard
Mr	A Warren
Ms	I Wilson

				Unrestricted	Restricted	Total	Total
			Notes	Funds	Funds	2020	2019
				K	F	6	6
Income and endowments		from
Donations and legacies			5.a				3,570
Charitable activities			5.b	4,447,418		4,447,418	4,481,790
Investments			5.c	3,827		3,827	2,601
Total income and endowments				4,451,245		4,451,245	4,467,961
Expenditure on
Charitable activities			6	4,419,982		4,419,982	4,500,529
Total expenditure			6	4,419,982		4,419,982	4,500,529
Net income/(expenditure)				31,263		31,263	(12,568)
Total funds brought	forward			2,246,346		2,246,346	2,258,914
Total funds carried	forward			2,227,609		2,277,609	7,246,346

				Notes		2020		2019
Fixed Assets
Tangible fixed assets						1,514,320		1,568,344
Current Assets
Stock				9	6,963		2,663
Debtors				10	132,434		159,013
Cash at bank and	in	hand		11	1,765,400		1,650,071
					1,904,797		1,811,747
Creditors: amounts		falling	due
within one year				12	(471,041)		(425,398)
Net current assets						1,433,756		1,386,349
Total assets less	current		liabilities			2,948,076		2,954,693
Creditors: amounts		falling	due
after more than one		year		13		(670,467)		(708,347)
Net assets						2,277,609		2,246,346
Funds
Unrestricted funds				18		2,277,609		2,246,346
Total funds						2,277,609		2,246,346

				2020	2019
				6	6
Cash flows from operating	activities
Profit / (Loss) for the financial	year			31,263	(12,568)
Adjustment for:
Depreciation oftangible assets				77,062	75,200
Assets now expensed					49,941
Loss on disposal of tangible	assets				1,386
Interest paid Intoroct ror oivorl				21,464 is asvi	24,555 Io Rnid
Decrease/(increase) in debtors				39,838	13,372
(Increase) in stock				(4,300)	(23)
Increase/(Decrease) in creditors				33,155	(31,594)
Net cash generated from operations				194,655	117,668
Cash flows from investing	activities
Purchase oftangible assets				(23,038)	(28,984)
Proceeds from sale oftangible assets
Interest received				3,827	2,601
Net cash used in investing	activities			(19,211)	(26,383)
Cash fiows from financing	activities
Repayment of bank loans				(38,651)	(36,760)
Interest paid				(21,464)	(24,555)
Net cash (used in)/from financing		activities		(60,115)	(61,315)
Net increase/(decrease) in	cash and cash		equivalents	115,329	29,970
Cash and cash equivalents	at beginning		ofyear	1,650,071	1,620,101
Cash and cash equivalents	at end	ofyear		1,765,400	1,650,071

		2020	2019
			E
LA student fees		3,4/o&e64	3,513,390
DSS student contributions		17,873	17,124
EFA student contributions		901,686	785,055
Barrow of Treats	Coffee Shop	13,144	35,819
Print Shop/Ebay	activities	2,6'75	11,586
Other income		12,967	17,622
Grant income		23,409	1,194
Profit on disposal	oftangible fixed assets

The aggregate payroll	costs ofthese p	ersons were as f	ollows:
			2020f	2019f
Wages and salaries			2,466,030	2,334,976
Social security costs			190,439	177,256
Pension costs			48,415	40,805
Agency staff			94,178	160,582
Termination payments			21,410	33,203
			2,820,472	2,746,822
The number of higher	paid employees	was:	No.	No.

8.	Tangible fixed assets	Tangible fixed assets
				Long	Leasehold	Fixtures,
			Freehold	Leasehold	Property	fittings &	Motor
			Property E	Property K	Improvements	equipmentf	vehicles 6	Total E
	Cost
	At beginning	of year	1,474,934	214,230	71,034	85,077	143,804	1,989,079
	Additions				18,538		4,500	23,038
	Disposals
	At end ofyear		1,474,934	214,230	89,572	85,077	148,304	2,012,117
	Depreciation
	At beginning I C C Ul lclluV IUI	ofyear IC V IV yVCII	153,696 hh Aha CV, IVV	56,476 A Ahc I, IVI	65,947 h hh~ V,VV I	35,185 lh C lh CU,UCV	109,431 Ih I'7'I IV,VI I	420,735 VW hhh II,VVC
	Disposals
	At end ofyear		183,194	60,967	69,014	55,814	128,808	497,797
	Net book value
	At 31July	2020	1,291,740	153,263	20,558	29,263	19,496	1,514,320
	At 31July	2019	1,321,238	157,754	5,087	49,892	34,373	1,568,344
9.	Stock						2020	2019
							6
	Coffee shop stock &PPE						6,963	2,663

	Coffee shop stock purchases	Coffee shop stock purchases	recognised	in expenditure	during the year as an expense was 88,599(2019:	during the year as an expense was 88,599(2019:
	824,016).
10.	Debtors				2020	2019
					K	K
	Trade debtors				101,005	29,893
	Prepayments	and accrued income			31,429	129,120
					132,434	159,013

11.	Cash and	cash equivalents	cash equivalents			2020	2019
						E	E
	Cash at bank and in		hand			1,765,400	1,650,071
12.	Creditors:	amounts	falling	due within one	year	2020	2019
						E	K
	Bank loans	and overdrafts				40,151	40,922
	Trade creditors					21,704	148,631
	Taxation and social		security			55,977	47,885
	Other creditors					12,527	80,871
	Accruals					303,289	29,256
	Deferred income					37,393	77,833
						471,041	425,398
	Deferred income represents			income received	in advance for social care services provided by		the
	College in	the next financial		year.
13.	Creditors:	amounts	falling	due after more	than one year	2020	2019
						E
	Bank loans					670,467	708,347
	Analysis ofloans
	Repayable	within one year				40,151	40,922
	Repayable	between	two and	five years		164,934	175,572
	Repayable	in more than five		years		505,533	532,775
						710,618	749,269
	Included in	liabilities	falling due within one year			(40,151)	(40,922)
						670,467	708,347

16.	Financial com	mitments
	As at 31 July	2020, the company	had future	commitments	under	non-cancellable	operating	leases	as
	follows:
						2020		2019
							6
	Expiry date:
	Within one year					55,412		52,867
	Between two	and five years				66,639		172,169
	Over five years					120,833
17.	Unrestricted	funds
			At 1	Income	Expenditure			At 31
		August 2019				Transfers		July 2020
			6				6		6
	Designated Fund
	Property strategy
	General funds
	Fixed assets		1,568,344			(77,062)	23,038	1,514,320
	Free reserves		678,002	4,451,245	(4,342,920)		(23,038)	763,289
			2,246,346	4,451,245	(4,419,982)			2,277,609

		At 1	Income	Expenditure		At 31
		August 2018		8	Transfers 8	July 2019 f
Designated Fund
Property strategy		50,000		(57,899)	7,899
General funds
Fixed assets		1,665,887		(75,200)	(22,343)	1,568,344
Free reserves		543,027	4,486,767	(4,366,236)	14,444	678,002
		2,258,914	4,486,767	(4,499,335)		2,246,346
Restricted funds
Comparative	restricted funds
		At 1	Income	Expenditure	Transfers to	At 31
		August 2018			Unrestricted	July 2019
		8		6	6	8
Trinity College	—Arts Grant		1,194	(1,194)
			1,194	(1,194)

20.	Amounts	disbursed	as agent
	Discretionary Support Funds			2020	2019f
	At beginning nf year			8249	6881
	Amounts	received		12,503	6,510
	Amounts	disbursed		(5,460)	(7,142)
	At end of	year		13,292	6,249