2021-07-31-accounts - Leeds Trinity University

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CONTENTS
Directors olid Advisors
Introduction and Nature ofthe University
Strategic Report
Charitable Purpose and Public Benefit				13
Directors' Report				15
Corporate Governance				IS
Independent Auditor's	Report			23
Statement of Principal	Accounting		I'olicies	27
Statentent ofContprehensive		Income and Expenditure		31
Statement ofChanges	in Reserves			32
Balance Sheet				33
Cash Flan Statement				34
Notes to the Financial	Statements			35

						2021	2020
						6'000	F000
Tu ition fees						-10.s29	31.341
Other Income						5.126	s,065
Total lncotnc						45,655	36,406
Staffcosts						23.117	18,901
Other costs						14.728	12,-199
Total Eapenditure						37,845	31,400
Operating sutplus	before	restructuring		costs		7.810	5,006
Esceptional restructuring		costs
Operating sutttlus	before	pension	actuarial		adjustments	7.810	-1.732
Pension actuanal	adjustments:
—Cun'ent service	costs in excess		ot contributions			2.790	I 6o2
Net interest on	pension	liabilities				487	368
Surplus for the	vear as	per the	Statement		ofComprehensive
income A Expenditure						4,533	2,742

Cash generation	and liquidity:	2021	2020
		F000	f.'000
FBITDA for the	rear	10,865	7,781
Operating cash	Ilotv	10,891	5,827
Cash and short tenn investments		27,960	19.-17-1
Butlou tltgs		(9.188)	(9859)
Net fumls		18,777	9,615

						lar	ct	Actual 2(l 21	Actual	1920
I '1311 D. '1						ts	On1	t'103)m	f.7	8nl
()pcrating	Surplus (cic pension		actuanal	ad)uitmemi)		(2	Om	t'7 am	t-l.	7n1
Stall costs	ai a "«ol nac&ane	Ivie penii&ai		actuarial	adjust&ncntsl	ss	0&	6(l.(1" &	i7	70

Greenhouse gas enlissions	Greenhouse gas enlissions	Greenhouse gas enlissions	and energy use data for the period:	2020/21	2019/20
Energy consunlption		used to calculate emissions (kWh)		8.235.099	8.674,366
Energy consumption		break	dolvn (kWh) (optional):
Gas				6.762.083	6.619.855
Electricity				1,473,016	1.865.623
Transport fuel				6.807	188,888
Scope I emissions	in	metric tonnes CO2e;
Gas consumption				1,239	1.217
Olvned transport
Total scope I				1,240	1.721
Scope 2 emissions	in	metric tonnes CO2e:
Purchased electricity				313	435
Scope 3 emissions	in	metric tonnes CO2e:
Business travel in employee			olvned vehicles		31
Total gross emissions		in metric tonnes CO2e		1.557	1.687
hltensltV ratio:
Tonnes CO2e per member			ofstaff and students	0.37	0.45

STATEMENT OF	CO	MPREHENSIV	MPREHENSIV	E INCOME AND EXPE	NDITLIRE
For the year ended	31	July 2021
						Year ended	Year ended
					Note	31 July	31July
						2021	2020
INCOME
Tuition lees encl	echlcatlon		conti'acts			J0 779 378	31.340.972
Funding bod) grants						1.88-1,821	1,147,317
Resem'ch grants	and	contracts				JJ,662	60.68-1
Other income						3.108,722	3.709,746
Investment income						87.-161	167.776
Donations mid Endolvments
Total income						-I5.664,674	36N06.443
EXPENDITURE
Staffcosts					7.8	27.907.27-1	21.167,808
Other operating	expenses				8	11.-1-10.772	8.842.937
Depreciation					8.9	3.01&.709	2.923N8-1
Interest and other tinance costs					8	778.0-1-1	732.0(-l
Total eapemliture						-11.121.779	33.661.243
Surplus for the year						-1.632.896	2.712.200
Actuarial gain (loss)		in respect ofpension				8.811.000	(17.362.000)
schemes
Total Com prehensive		income I (evpease) for the year				13.343.896	(12.619.800)
Represented by:
Unrestricted comprehensive			income	(espense) for the tern		13.343.897	(12.619.800)
						13.343.896	(12.619.800)

		Income and	Expenditure	Account	Revaluation	Total
					Reserve
		Endontnent	Restricted	Unrestricted
Balance at I August 2019		6.272	318	(6.838.876	rh 1-16.200	20.990.666
Surplus ti om income	and			2.742.200		2.7a2L200
expenditure statement
Other comprehensive expense				(15.362.000)		( Is.362.000)
Trmtsfer beta een revaluation	and			21-I.-136	(2-1-1.-136)
income mtd expenditure reserve
Total comprehensive income				(12,376.36-1)	(2-l-l.136)	(12.619.800)
(espense) for the &ear
Balance at I August 2020		6 27o	318	3.-163.612	-1.900.76-1	8.370.866
Surplus fiom income	and			-l,s32 89s		-l.s32.896
expenditure statement
Other comprehensive expense				8.811.000		8.811.000
Trmtsfer betneen revaluation	mtd			20-1.086	(20-1.086)
income mtd expenditure reserve
Total comprehensive iltcoltle				13.647.981	(20-1.086)	13.313.896
(espense) forthe sear
Balance at 31July 2021			318	17.0(1.-193	-1.696.678	21.71-1.761

					Note	31July	31July
						2021	2020
NON CURRENT ASSETS
Fixed assets						38.973.737	39.618,036
CURRENT	ASSETS
Stock						17,483	19,999
Trade and other receivables					10	3.487.106	2.316.324
Investntents					II	11,220,269	15.142,118
Cash and cash equivalents						16.739,639	4,332,062
Less:						31,464,497	21.810,503
Creditors:	amounts falling due tvithin		one	year	12	(6,294,476)	(-1,456,833)
NET CURRENT ASSETS						25.170,021	17,353,670
Total assets less current		liabilities				6:1.143,758	56.971.706
Creditors:	amounts falling due after		more	than one year	13	(12,054.909)	(12,651.192)
Provisions	for pensions				14	(30.374.088)	(35,949.648)
TOTAL NET ASSETS						21.714.761	8.370,866
Restricted	Reserves
Inconte and	expenditure	reserve —endotvment		reserve	15	6.272	6.272
Income and	expenditure	reserve —restricted		reserve	15	318	318
Unrestricted	Reserves
Incolne and	expenditure	reserve				17.011.493	3,463.512
Revaluation	reserve				16	4.696,678	-l.900.764
TOTAL RESERVES						21,714,761	8.370.866

CASH FI.OW STATEMENT For the )ear ended 31 Jul)2021
				Year ended	Year ended
				31 July	31 July
				2021	2020
Cash llo« front operating activities
Surplus for the year				4.632.896	2.742.200
Adjustment for non-cash items
Depreciation (note 8)				3.015.709	2.923.J84
Deferred capital grants released to income	(note	2)		(231.607)	(238.638)
Decrease '(Increase) in stoch				2.616	(1.064)
(Increasel in debtors				(1.170.782)	(805.163)
Increase'(Decrease) in creditors				1.318,-166	(960.650)
Decrease in provisions				(-1),660)	(61.972)
Cutvent mtd past service cost in escess ofcontributions			(note 8)	2.790,000	1.622.000
Adjustment for investing or financing activities
Investment income (note 6)				(87.-161)	(167.776)
Interest and other tinance costs (note 8)				768.0-1-1	732,01-1
Loss on «rite-off and disposal of tined assets				5.096	3th867
Net cash inAo« from operating activities				10.891.316	5.827,123
Cash flotvs from investing activities
Pa) ments made to acquire tjsed assets				(1.861.811)	(2.181,723)
Movement on deposits				3.921.8-19	(3.103,726)
Defetved capital grant receivetl				o«0.961	Io2.10-1
Other interest received				78.162	139.979
				2.469. 1-11	(-1,993.366)
Cash llo«s from financing activities
Interest paid				(282.291)	(377,167)
Ne« temt loan burro«in s
Reps) ment ofprevious loan borro«ings				(670.688)	(670.688)
Repayment of Revolvin Green Fund ion	tems	lorn&			(60.000)
				(962.879)	(1.097.7-16)
Increase/(Decrease) in cash in the year (note		17)		12.-107.677	(263.687)

ITION	FEES AND	EDUCATION CONTRACTS
			Year emled	Year ended
			31July 2021	31July 2020
			f.
Full-time	home mtd EU students		39.-172.660	30.631.623
Full-time	international	students	121,000	72.600
Part-time	home and EU students		933,668	736.899
			40,629,328	31.340.922

NDINO	BODY GRANTS
					Year ended	Year ended
					31 July 2021	31July 2020
			DofE	UKRI	Total	Total
Recurrent	gt'ant	966.600		I35.810	1.092.-110	809.666
Specittc gt	ants	607.636		60.289	660.80-1	99.114
Releases ofdet'etued
capital gtants.
Buildings		231.607			231.607	238.638
Total		1.695.8-12	2.880	186.099	1.88-1.821	1.1-17.317

he source ofgrant	and fee incom	e included trithin notes I m	td 2 is as follou s
			Year ended	Year emled
			31July 2021	31 July 2020
Grant income from	the OtS		1.696.8-12	930.102
Grant income trom	other bodies		188.979	217.216
Fee income tor tau	ht an ards		-10.-122.193	31.297.362
Fee income tor research anards			66.s00	20.200
F'ee income trom non-qualifying		courses	60.636	23.370
			-12.-11-1.I-I9	3'2.-188.239

Research councils	mtd charities
Gus ernment
Other

Year ended	Year emled
31July 2021	31 July 2020
J2,669	49.713
1,993	971
	60.68-1

	OTHER INCOME
											Year ended	Year emled
											31 July 2021	31 July 2020
	Residences. catering	and		conferences							2.163.695	2.760.628
	Other income										9-1J.827	9-19.117
											3,108.522	3.709.745
5.	INVFSTMENT INCOME
											Year ended	Year ended
											31 July 2021	31 July 2020
	Incottte lrom short term			investnlents							87 451	157,775
6.	DONATIONS AND	ENDOWMENTS
											Year ended	Year emled
											31 July 2021	31 July 2020
	Linrestncted donations
7.	STAFF COSTS
											Year ended	Year ended
											31 July 2021	31 July 2020
											No	No
	The avera e number	of persons (includin					senior post-holders)		emplo&ed
	by the University during			the	year. expressed		as full-time	equivalents.		uas.
	Lecturing staff. holders ofsenior posts. staff paid on academic								scales	mtd	17-1	1-19
	pm t-time lecturers
	Administrative, professional				and technical	stat'I					253
	Otlwr										2J	3
											451	-100
									Note		Year ended	Year ended
	Staff costs for the above persons:										31 July 2021	31 July 2020
	Wa es and salaries										17.789.235	1-1.970.783
	Social security costs										1.743.995	1.-166.168
	Contubutions to pension			schemes					oQ		3 553 593	2.825,456
	Pension enhancetnent		costs						20		25.-131	2 855
	Restructurin costs										5.000	278.5-16
	Sel'vlcc cost tlt caress		ofcontllbutlolts								2.790.000	1.622.000
	Total										25.907.25-1	21.165.808

				Year ended	Year ended
Severance payments included		ivithin staff costs:		31Julv 2021	31 Julv 2020
Total severance	mid other compensation		paid	s.000	278.646
				No	No
The number of	people that this	relates to

emoluments (escluding pe	nsion contributio	ns) in the I'olloiving ra	nges t\el'e:
			Year ended	Year ended
			31 July 2021	31 July 2020
			No	No
8100,001 tol(05.000
8105.001 to 6110.000
8120.001 to 8126,000
813s.001 tof140.000
f210.001 to %215.000
			Year emled	Year ended
Directors' reniuneration			31July 2021	31 July 2020
Emoluments			260.839	289.623
Pension contributions			60.660	13.11-1
			311.-189	302,737
The number ofdirectors	iiho:		Year ended	Year ended
			31July 2021	31 July 2020
			No	No
Are members ofa detined	benetit pension	scheme

Professor	Margaret		Year ended	Year ended	Year ended
To31 October 2020			31	July 2021	31July 2020
Salar&				-18.712	194.849
Bonus
Supplement	in lieu ot'pension	contributions		4.280	17.122
				s2 992	211,971
Pension contributions
				o2L992	211.971

Professor	Professor	Charles Egbu	Charles Egbu		Year ended	Year ended
From	I November		2020		31 July 2021	31 July 2020
Salar)					138.780
Boittts
Supplement		in lieu ofpension		contributions
					138.780
Pension	contributions				32.886
					171,606

		Year ended	Year ended
Professor Margaret	House	31 July 2021	31 July 2020
Basic Salem			&.9:	I
Total Remuneration			s.8	I

	Year ended	Year ended
Professor Charles Egbu	31 July 2021	31 July 2020
Basic Sa Iarv
Total Remuneration	id;I

		Year ended	Year ended
Key Management	I'ersonnel	31 July 2021	31 July 2020
Emoltunents		SJ6.696	666,080
			366.080

								Interest		Total	Total
							Other	and other		Year ended	Year ended
							0Pc I'a 1Illg	finance		31July	31July
		Staff costs	Depreciation				expenses	costs		2021	2020
Acmlemic departments		12,49-1,637		30	'773		2.897.636		80	15.-L7'2, «96	17.343.870
Acmlemic services		2,603.073		959,60-1			1.767.70-1	1.-193		«.129,874	-1.533.190
Residences mid catering		546.223		-170,389			794,475	636		1.8 I 1,723	1.915,986
Ruse'ircli gl"nits and conn'acts		50.188					4.173		1-1	74 37«	116.-1-14
Premises		830,879		1.«09.909			1.031.73-1			3 377 j77	3.108.358
Administration and other		6.592.234		45.584			7.141.954	268.821		12.0-18.793	9.346.982
Eaceptional restructuring	cost										273.546
Loss on iv'off of fined assets							7.096			5.096	35,867
Service cost in eacess of		2.790,000								'2.790,000	1.677.000
contributions
Esceptionaf past service	cost
Net interest on pension								-187.000		-187.000	368.000
liabilities
Total per income and expenditure account		25.907,27-1		3,017.709			11.440,772	758.0-1-1		-11.121.779	33.664.243
Other operatin expenses	include:									Year ended	Year ended
										31Julv 2021	31 Julv 2020
Estenlal auditor's remuneration		t'or miditing of	the	tinancial		statements				42.600	34.200
Estenial auditor's remuneration		for other assurance		services						-1.440	-1.320
External auditor's remuneration		for taxation compliance			services
Pasinents under operatin	leases	in respect ofequipment								121,639	134.290

TANGI	B	LE F		XEDASSETS
							Furniture,
					Assets in the	Freehold	cgulpnlcnt,
					course of	land and	fixtures	Motor
					constl'action	buildings	and fittings	vehicles	Total
Cost/valuation
At I August		2020		at cost	882.262	47.947,994	9,997.901	57.558	38.885.715
At I August		2020		at valuation		12.355,612			12.355.612
Additions	during			the year	818,525	483,036	1,07-1.945		2,376.506
Completed		during		the year	(882.262)	841.751	40,511
Disposals	during		the year				(1.8-13.930)		(1,8-13,930)
At 31 July		2021			818.525	61,628.393	9.269,427	57.558	71,773,903
At cost					818.525	49,272.782	9.269.427	i7,iig	59.418.292
At valuation						12,355.611			12.355.611
At 31 Julv		2021			818.525	61,628,393	9,269,-127	57 558	71 773 903
Accumulated depreciation
At I August		2020				2-1.349,907	7,226,925	-16.-159	31.623.291
Charge t'or		the year				1.933.878	1.07-1.98-1	6.8-17	3.015.709
Disposals							(1.838.83-1)		(1.838.834)
At 31 Julv		2021				26.283.785	6.-163.075	53.306	32,800.166
Net book	value
At 31 Julv		2021			818.525	35.344.608	2.806.352	4.252	38.973.737
At 31 July		2020			882.262	35.953.699	2,770.977	11,098	39.618.036

10.	TRADE AND OTHER RE	CEIVABLES
			31 July 2021	31July 2020
	Amounts falling due tvithin	one year:
	Tmde debtors		2.274,909	1.083.699
	Prepaytnents and accrued income		1.212.197	732 626
			3.487,106	2.316.324
11.	INVESTMENTS
			31 July 2021	31July 2020
	Deposits maturing:
	In one yew' or less		11,220.269	Irh142. 118

CREDIT	ORS: AM	OUNTS	FA	LLING DUE WITHIN ON	E YEAR
					31 Julv 2021	31 Julv 2020
Trade creditors					1.09s.-l 10	1,12-1.688
Bank loan	repayable	in less	than	one	670.688	670.688
Pat ments	received	in advance			203.-107	67 2/2
Social security and		other taxation		pat able	-169.-196	406.340
Pensions	mtd similar obligattons					36J.731
Det'erred	capital grants				731,607	206.669
Accruals	and other	deferred	income		I928 oJr)	1.613.037
Amounts	otving to	Rmdin	councils		283.-188	128.738
					6.29-1.J76	J.-I66,833

CRFDITORS: AMOUNTS FALLING DUE AF	TER MORF THAN ONE YEAR
	31 July 2021	31 Julv 2020
Bank loan	8.6 17.6-18	9.188.236
Deferred capital grants	3.637.26 1	3,462,966
	12.06-1.909	12.661.192

The banl' loans are repayable	31 July 2021	31 July 2020
Due «ithin one sear	670.s88	670,588
Due bet«een one and t«o & ears	670.688	670.s88
Due bet«een t«o mtd tive sears	6.247,060	6,717.648
Due in ltve sears or more	1.600.000	1.800,000
Due alter more than one vear	8.617.6-18	9.188.236
Total banl loans	9.188,236	9.868,824
All banl lomts are unsecured.

					Defined benefit	Pension	Total
					provision under	eIIIIaIICeateItI
					FRSI02
							f.
At	I August 2020				35.667.000	392.6-18	35.949.6(8
Utilised		in	& ear			(-17,967)	(-17.967)
Transfer		from income mtd expenditure		account		6.-107	6.q07
Current		service cost in excess ot'contnbutions			2.790.000		2.790,000
Net	mterest		on liabilities		487.000		-187,000
Actuarial		gain			(8.811.000)		(8.811.000)
At	31 Jul&		2021		30.023.000	3s1.088	30.374.088

		permanent	Espendable	2021 Total	2020 Total
		endottments	Fndosvments
Balances at	I August
Capital		318	6.272	6.590	6,590
Ness endotvments
Investnlent 0'Iconle
Expenditure
At 31Jub		318	l7o	6.590	6,590
Represented	by
Cash		318	6.272	6.590	6.590
Analysis by	type of purpose
Scholarships	and bursm ies	318	4.965	5,283	5 283
Prize t'unds			1.307	1.307	1,307
		318	o72	6.590	6,590

					2021	2020
At I August					-1.900.76-l	5.1-15.200
Transfer from	revaluation	reserve to	eneral reserve	in respect ot'I
Depreciation	on revalued	assets			(20J.086)	(2J-I,436)
At 31July					-1.696.678	4.900.76-1

			At 31July		At 31 July
			2020	Cash flous	2021
	Cash at banh and in hand		-1.332.062	12.407.577	16.739,639
	Cun'ent asset investments		15.142,118	(3,921,8eo)	11.220.269
	Total short tenn funds		19.-174,180	8.J85.728	27.959,908
	Debts due tv)thin one &ear		(670.588)		(670,588)
	Debts due after one year		(9.188.236)	670.588	(8.517,6J8))
	Total		9,615,356	9.156.316	18.771.672
18.	LEASE OBLIGATIONS
	Rentals payable under operating	leases			31 July 2021	31 July 2020
	Future minimum lease pa&ments	due:
	Due nithin one &ear				67.338	-1-1,895
	Due betneen tno and ttve &ears
	Due in ttve Years or more
	Total lease payments tlue				67.338	-1-1,895

			31	July 2021	31July 2020
Commitments	contracted	for		(.378.477	J)I.J32

TO THE FINANCIAL vear ended 31 Julv 2021 PENSION SCHEMES	TO THE FINANCIAL vear ended 31 Julv 2021 PENSION SCHEMES	TO THE FINANCIAL vear ended 31 Julv 2021 PENSION SCHEMES	STATEMENTS	STATEMENTS	STATEMENTS
The ttvo pension schemes			for the Universit& 's staff are the			Teachers'	Pension Scheme (TPS)for academic stat't'
and the Local Government			Pension	Scheme administered		b& the West Yorkshire		Pension Fund (WYPF) I'or
support statT.
The total pension cost		for	the Universit&		uas:
								Year ended	Year ended
								31 July 2021	31July 2020
Contributtons	to TPS							1.975.800	(.534.915
Contributions	to WYPF							1.577.793	1,290,541
								3,553 593	2,825n456
Pension enhancements		costs						25.431	2,855
Service cost	in excess	of	contributions					2,790.000	1,622.000
Exceptional	past service		cost
Net interest on pension		liabilities						-187.000	368,000
Total pension	cost							6.856.024	-1.8 18.3 I I

e materia	l assump	tions used by the actuary t'or I-RS102	at 31 July 021 were.
			31July	31 July
			2021	2020
Rate of	increase	in salaries	3.87'0	3 55',
Liability	discount	rate	1.7'0	I J00
Inflation	assumption		7 60	30

e assume	d lit'e expectations on retirement at age 65	are:
		31July	31 July
		2021	2020
Reiirmy	rorRn
Males		21.9
Females		2-1.7
Reiirmp	in2 0Juuri
Males			77
Females			77 7

The asset allo	cation ot'the detined benetit scheme	is shown below:
		31 July 2021	31 July 2020
Value		OOOO	J."000
Equities		-lb.819	31.956
Properq		1.883	1,768
Government	Bonds	-1,17J	-1.113
Other Bonds		2.2-10	7.056
Cash 'liquidity		1.120	658
Other		662	576
Total		70.898	41,127


Analysis ofthe amount shown in		the balance sheet	31July	31 July
			2021	2020
			K'000	J."000
The Universtt) 's estimated	asset share		50.898	41.127
Present value ofthe University 's Scheme liabilities			(80.921)	(76.681)
Deticit in the Scheme —Net	pension	liability	(30.023)	(35,777)

Analysis	ofthe	antount		charged	charged	to	staff	costs nithin	operating	surplus	2021	2020
											l'000	g'000
Cun ent	service	cost									(-I,3-I2)	('2.913)
Past service cost												(61)
Total operating		charge									(4.3-12)	(2,974)
Analysis	ofantount that				is charged		to other finance costs				2021	2020
											E'000	8'000
Interest	income	on pension			scheme assets						58 l	t)02
Interest	on pension scheme				liabilities						(1.069)	(1,270)
Net char	e										(-187)	(368)
Analysis	ofthe	antount		recognisable			in	the Statement	ofComprehensive		2021	2020
income	an&i Expenditure				(SOCI)						f'000	0'000
Actuarial	ain	(loss) recognised				in SOCI					8.811	(15.362)
Net ain	(loss)										8.811	(15,362)
Analysis	ofthe	movement			in the	present		value ofthe	scheme	liabilities	2021	2020
											8'000	Z'000
At beginning ot'sear											76.684	60.708
Current	service	cost									-1.3-12	2.913
Interest	cost										1.069	1.270
Contributions b) scheme				participants							569	501
Actuarial	(losses) ains										(46-1)	12.210
Benetits	paid										(1.279)	(979)
Past service cost												61
At end of) e'll'											80.921	76.684
Analvsis	ofthe	movement			in the	market		value ofthe	scheme	assets	2021	2020
											000	K'000
At beginning ot'year											-11.127	42.503
Expected rate ofreturn			on		scheme	assets						902
Actuarial	gains	(losses)									8.3-17	(3.152)
Contribution bx		emplo)	er								I 552	1,352
Contribution b)		scheme		participmsts							569	501
Benettts	paid										(1.279)	(979)
At end ot') ear											50.898	-11.127

			Year curded	Year curded	31 July
			2021	2020	2019	2018	2017
			OOOO	8'000	t'000	K'000	8'000
Funded			(80.866)	(76.620)	(60,639)	(J6,901)	(cdh329)
Unfunded			(55)	(6()	(69)	(72)	(79)
Fair value ofscheme assets			50,898	J(.127	-12.503	37.0J6	33.882
Deticit in the scheme			(30,023)	(35.557)	(18.205)	(9,927)	(10,526)
Actuarial ain on scheme		assets
Amount(X'000) Percentage ofScheme	assets		8.3J7 16qo	(3,152) (77o)	2.752 65o	907 2.qo	2.639 78o
Total amount recogttised		in SOCI
Amount (C000)			8.811	(15,3621	(6.J16)	(1.606)	(4.983)
Percentage ofpresent	value ofscheme liabilities		109 o	200 0	10.7 0	3.J 0

slllltto at'ise	d be)	on:
				Year ended	Year ended
				31July 2021	31July 2020
Purchases	from	Yorkshire	Universities	7.610	9.006

as summari	sed	belotv:
				Year ended	Year ended
				31July 2021	31July 2020
Purchases	from	Leetls	Learning	600
Alliance

smsunarised	belo	\r:
			Year ended	Year ended
			31 July 2021	31July 2020
Subvention	paid	to LTSU	192.000	192.000
Other pas	ments	to LTSU	67.888	110,176
			269.888	302.176

						Year ended	Year ended
						31July 2021	31July 2020
Sponsorship	ot	the	diocese	junior	choir	9,600	19.000

			31July 2021	31 July 2020
Funds received			3.676.700	3.481.200
Disbursed	to students		J,s36.900	3.JSS,200
Balance	unspent	at 31 Juh	1-10.800	26.000

ACCESS	AND PARTICIPATION
		31July 2021	31July 2020
Access Investment		1.390,133	1.216,925
Financial	Support	1,055,436	623,794
Disability	Support	150,592	134.767
Research	and Evaluation
		2,596,161	1.995,486