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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|
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||||||||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|
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|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|
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|7|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|
##
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|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|
##
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|||||||||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||
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|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|
##
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||||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|