2021-04-30-accounts - Harlaxton College

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Contents
Page:
	Report ofthe Trustees
12	Report ofthe auditor
	Group statement offinancial activities
17	Group and College Balance sheets
18	Group statement ofcashflowe
19	Notes forming part ofthe financial statements

							Total	Total
					Unrestricted	Restricted	Funds	Funds
					funds	funds	2021	2020
				Note	6	E	E	6
Income from:
Charitable activities
Grants from University Semester fee income,	ofEvansville college summer				8,039		8,039	1,881,437 727,725
prograns and student	travel
Provision offacilities for students					782		782	87,061
Preservation ofHarlaxton		Manor				17,128	17,128	38,963
					8,821	17,128	25,949	2,735,186
Other trading activity-Harlaxton			Manor
Enterprises Limited					4,366		4,366	168,899
Investment interest received					2,151		2,151	13,766
Government grarts - Coronavirus			Job
Retention Scheme					361,230		361,230	25,880
Kickstater grant					9,429		9,429
Culture Recovery Fund	grant				13,860		13,860
Total					399,857	17,128	416,985	2,943,731
Expenditure on:
Raising funds - Harlaxton		Manor		4(a)	21,701		21,701	78,770
Enterprises Limited
Charitable activities
Operation ofstudy centre				4(b)	1,672,581		1,672,581	2,429,103
Preserva8on ofHarlaxton		Manor		4(c)	-	36,404	36,404
Total					1,694,282	36,404	1,730,686	2,507,873
Net movement in funds					(1,294,425)	(19,276)	(1,313,701)	435,858
Reconciliation offunds
Total funds brought forward					3,836,245	152,887	3,989,132	3,553,274
Total funds carried forward					2,541,820	133,611	2,675,431	3,989,132

		Note
			Group	Group	College	College
			2021	2020	2021	2020
			8	8	8	8
Fixed assets
Tangible assets Investments			133,212 12,633	173,970 12,633	133,212 12,635	173,970 12,635
Total fixed assets			145,845	186,603	145,847	186,605
Current assets
Stocks		10	44,907	52,778	16,075	18,311
Debtors		11	436,910	2,351,990	434,436	2,357,994
Cash at bank and in hard			2,321,544	1,630,099	2,270,205	1,553,269
Total cunent assets			2,803,361	4,034,867	2,720,716	3,929,574
Liabilities
Creditors: amounts	falling due wilhn
one year:		12	(273,775)	(232,338)	(212,679)	(206,769)
Net current assets			2,529,586	3,802,529	2,508,037	3,722,805
Total net assets			2,675,431	3,989,132	2,653,884	3,909,410
Thefunds ofthe charity
Unrestricted funds			2,541,820	3,836,245	2,520,273	3,756,523
Restricted funds		15	133,611	152,887	133,611	152,887
Total Charity funds			2,675,431	3,989,132	2,653,884	3,909,410

				Notes	2021	2020
					6	6
Cash flow from operating activities: Net cash provided by operating activity				19	691,194	34,943
Income taxes paid					(1,900)
Net cash inflow from operating	activities				689294	34943
Cash flow from investing activities
Purchase oftangible fixed assets						(22,320)
Interest received					2 151	13766
Net cash from/(used in) investing activities					2,151	8,554
Net increase in cash and cash	equivalents				691,445	26,389
Cash and cash equivalents at	beginning	ofreporting	year		1,630,099	1,603,710
Cash and cash equivalents at	end ofyear				2,321,544	1,630,099

4 Analysis ofexpenditure	4 Analysis ofexpenditure	4 Analysis ofexpenditure
			Staff	Other	Repairs	2021	2020
			costs	E	and	Total	Total
					depreciation	6	E
					E
(a) Raising funds Operating costs ofHarlaxton				19,171		19,171	75,016
Manor Enterprises	I imited
Support costs				1,000		1,000	3,754
Corporation tax				1,530		1,530
				21,701		21,701	78,770
(b)Charitableactivities-
Operation ofStudy Centre
Faculty and tuition Student affairs			110,378 60,347	(1,200) 21		109,178 60,368	149,233 105,883
Library services Running of plant Utility costs			2,039 170,228	20,113 8,238 189,416	9,156 89,024	31,308 267,490 189,416	67,353 330,433 287,944
Housekeeping Garden and grourds Transport costs			98,375 66,572 13,632	3,280 5,340 7,634	1,208 5,532 855	102,863 77,444 22,121	132,806 94,215 39,552
Security Catering supplies			76,233 174,793	1,555 20,343	2,912	77,788 198,048	73,727 332,625
Summer progams Student travel			43,365			43,365	237,483 161,610
Laundry facility					559	559	2,036
Textbooks							255
University ofEvansville Support costs Governanoe costs —legal and			181,127	128,145 90,847 51,440	41,074	128,145 313,048 51,440	391,533 22,415
professional
			997,089	525,172	150,320	1,672,581	2,429,103
(c)Charitable activities
Preservation ofHarlaxton		Manor
Land furd				36,404		36,404
				36,404		36,404
Totalexpenditure			997,089	583,277	150,320	1,730,686	2,507,873

Analysis ofstaffcosts and ntsnbets	Analysis ofstaffcosts and ntsnbets	Analysis ofstaffcosts and ntsnbets	Analysis ofstaffcosts and ntsnbets
					2021	2020
					6	6
Total staff emoluments			forthe period were asfolows:
Wages and salaries					850,070	957,409
Social security costs					54,066	63,900
Defined contribution		pension cost			45,958	52,963
Redundancy	payments				46,995
					997,089	1,074,272
					2021	2020
					Number	Number
The average the year was:	monthly		number of persons employed	by the group during
Management	and administration				14	26
Faculty					5	5
Housekeeping	and estate				20	27
Catering and	events				2	32
					41	90

Net (expenditure)/income
This is arrived at after charging:	Group	Group
	2021	2020
	8	E
Deprecia5on on owned assets	40,758	42,356

Fees are payable	to RSM UK Audit LLPand iisassociates in respect of both	to RSM UK Audit LLPand iisassociates in respect of both	to RSM UK Audit LLPand iisassociates in respect of both	to RSM UK Audit LLPand iisassociates in respect of both	to RSM UK Audit LLPand iisassociates in respect of both	to RSM UK Audit LLPand iisassociates in respect of both	audit and non	audit services	are as
follows (exdudirg	VATI:
							2021	2020
							E	8
Statutory audit of	parent chmtable			company and
consolidated accounts							13,000	11,500
Audit services- statutory		audit	ofthe subsidiary		company		5,000	4,250
Taxation compliance services							1,100	1,100
Other non-audit services							5,400	5,150
Tangible assets
Group and College
	Property			Furniture	Computers	Motor	Library	Plant and	Total
	improve-					vehicles	books	equipment
	ments
			8
Cost
At 1 May 2020		10,594		40,509	248,356	156,264	217,839	371,712	1,045,274
Disposals				(14,002)	(116,474)	(37,410)		(21,490)	(189,376)
At 30April 2021		10,594		26,507	131,882	118,854	217,839	350,222	855,898
Depreciation
At 1 May 2020		2,720		40,509	213,643	140,329	143,064	331,039	871,304
Provided for
the year		122			9,866	7,225	8,371	15,174	40,758
On disposals				(14,002)	(116,474)	(37,410)		(21,490)	(189,376)
At 30April 2021		2,842		26,507	107,035	110,144	151,435	324,723	722,686
Net book va/ue
At 30April 2021		7,752			24,847	8,710	66,404	25,499	133,212
At 30April 2020		7,874			34,713	15,935	74,775	40,673	173,970

investments
Group				Unlisted investments
Cost orvaluation:
At 1 May 2020and at 30April 2021				12,633
The historical cost ofthe unlisted	investments	was f12,633(2020:F12	633).
College		Shares in subsidiary	Unlisted investments	Total
		undertaking
Cost orvaluation:
At 1 May 2020and at 30April 2021		2	12,633	12,635

								2021	2020
	Profit and loss		account
	Turnover							4,366	168,899
	Cost ofsales							(5,672)	(40,726)
	Gross (loss)/profit							(1,306)	128,173
	Administrative	expenses						(14,499)	(63,472)
	Other operating		income					13,860
	(Loss)/profit before			taxation				(1,945)	64,701
	Taxation							(1,530)
	(Loss)/profit after taxdionfor thefinancial				year			(3,475)	64,701
	Balance sheet
								2021	2020
								Z	E
	Current assets
	Stocks							28,832	34,467
	Debtors							7,195	9,322
	Cash at bank	and		in hand				51,339	76,830
								87,366	120,619
	Creditors: amourts			falling due within oneyear				(65,821)	(40,898)
	Total net assets							21,545	79,721
	Capital and reserves
	Called up share capital Profit and loss account							2 21,543	2 79,719
	Total equity							21,545	79,721
10	Stocks					Group	Group	College	College
						2021	2020	2021	2020
							8	E	6
	Consunables					16,075	18,311	16,075	18,311
	Goods for resale					28,832	34,467
						44,907	52,778	16,075	18,311

11	Debtors
				Group	Group	College	College
				2021	2020	2021	2020
				6	E	E	E
	Tradedebtors			6,825	9,000		4
	Prepayments and a:crued income			64,753	116,894	64,753	116,894
	Otherdebtors			2,961		3,633
	Corporation tax recoverable			370
	Duefrom	group undertakings				4,049	15,000
	Duefrom	Lhiversity ofEvansville		362,001	2,226,096	362,001	2,226,096
				436,910	2,351,990	434,436	2,357,994
12	Creditors: amounts		falling due within oneyear
				Group	Group	College	College
				2021	2020	2021	2020
				6
	Trade creditor			135,074	102,735	130,550	102,735
	Taxation	and sociri security		15,997	15,156	15,997	15,482
	Accruals	and deferred	income	114,428	106,963	57,856	81,068
	Othercreditors			8,276	7,484	8,276	7,484
				273,775	232,338	212,579	206,769
13	Deferred	income
						Group	College
						E	E
	Balance	at 1 May 2020				15,398
	Amourts	rdeased to	Statement ofFinancial Activties			(15,398)
	Amourt defenad in year					47,678
	Balance	at30 April 2021				47,676

Analysis ofnet ass	ets between funds
		Unrestricted	Restricted
		funds	funds	Total
		6	6	6
Group
Tangible fixed assets		133,212		133,212
Investments		12,633		12,633
Current assets		2,669,750	133,611	2,803,361
Creditors: amounts	falling due within one year	(273,775)		(273,775)
		2,541,820	133,611	2,675,431
		Unrestricted	Restricted
		funds	funds	Total
		6	6	6
College
Tangible fixed assets		133,212		133,212
Investments		12,635		12,635
Current assets		2,587,105	133,611	2,720,716
Creditors: amounts	falling dus within one year	(212,679)		(212,679)
		2,520,273	133,611	2,653,884

Reconciliation of	net in	come to net cash	from operating a	ctivities
				Group
				2021	2020
				6	6
Net (expenditure)/income		forthe reporting	period	(1,313,701)	435,858
Adjustments for:
Depreciation charge				40,758	42,356
Interest receivable				(2,151)	(13,766)
Taxation				1,530
Decrease in stock				7,871	15,789
Decreasei(increase)	in debtors			1,915,450	(287,301)
Increase/(decrease)	in creditors			41,437	(157,993)
Net cash provided	by operating activities			691,194	34,943

			Unrestricted	Restricted	Total
			funds	funds
				f	f
Income from:
Charitable activities
Grants from University of	Evarevtle		1,881,437		1,881,437
Semester fee income, college summer
programs and student travel			727,725		727,725
Provision offacilities for students			87,061		87,061I
Preservation ofHarlaxton	Manor			38,963	38,963
			2,696,223	38,963	2,735,186
Other trading activity- Harlaxton		Manor
Enterprises Limited			168,899		168,899
Investment interest received			13,766		13,766
Government grants —Coronavirus		Job
Retention Scheme			25,880		25,880
Total			2,904,768	38,963	2,943,731
Expenditure on:
Raising funds - Harlaxton	Maror
Enterprises Limited			78,770		78,770
Charitable activities
Operation ofstudy centre			2,429,103		2,429,103
Total			2,507,873		2,507,873
Net movement in funds			396,895	38,963	435,858

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			E	6	6
Income
Land fund				17,128	17,128	38,963
Grants from U	oE					1,881,437
Provision offa:ilties			782		782	87,061
Semester fee	income		8,039		8,039	753,153
Gift Aid			54,701		54,701	77,695
Government grants —Coronavirus Job
Retention Scheme			361,230		361,230	25,880
Kickstater Gratt			9,429		9,429
Interest Received			2,151		2,151	13,766
			436,332	17,128	453,460	2,877,955
Expenditure
Land fund				36,404	36,404
Administraeon			185,744		185,744	206,652
General expenses			178,744		178,744	207,296
Faculty and tuition			109,178		109,178	149,233
Student affairs			60,368		60,368	105,883
Library services			31,308		31,308	67,353
Physical pkrnt			267,490		267,490	330,433
Utilities			189,416		189,416	287,944
Housekeeping			102,863		102,863	132,806
Gardens and grounds			77,444		77,444	94,215
Transport			22,121		22,121	39,552
Security			77,788		77,788	73,727
Catering			198,048		198,048	332,625
Summer progams			43,365		43,365	237,483
Laundry service			559		559	2,036
Student travel						161,610
Textbooks						255
Expenditure-	U o E		128,145		128,145
			1,672,581	36,404	1,708,985	2,429,103
Net (expenditure)fincome		forthe year	(1,236,249)	(19,276)	(1,255,525)	448,852