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← Harlaxton College

2022-04-30-accounts

Page
Reference and Administrative Details ofthe College, its Trustees and Advisers
Trustees' Report 2-16
Independent Auditors' Report on the Financial Statements 17-20
Consolidated Statement of Financial Activities 21
Consolidated Balance Sheet 22
College Balance Sheet 23 - 24
Consolidated Statement ofCash Flows 25
Notes to the Financial Statements 26-47

Restricted Unrestricted Total Total
funds funds funds funds
Note 2022 2022
2		 2022
2		 2021f
Income from:
Grants received 47,134 1,452,993 1,500,127 384,519
Charitable
activities		 17,128 278,200 295,328 25,949
Other trading
activities		 382,739 382,739 4,366
Investments 144 144 2, 151
Total income 64,262 2,114,076 2,178,338 416,985
Expenditure
on:
Raising funds 8 150,986 150,986 20, 171
Charitable
activities		 9 197,873 2,280,647 2,478,520 1,708,985
Total expenditure 197,873 2,431,633 2,629,506 1,729, 158
Net expenditure before taxation (133,611) (317,557) (451,168) (1,312,171)
Taxation (1,530)
Net movement
in funds		 (133,611) (317,557) (451,168) (1,313,701)
Reconciliation
offunds:
Total funds brought forward 133,611 2,541,818 2,675,429 3,989,130
Net movement
in		 funds (133,611) (317,557) (451,168) (1,313,701)
Total funds carried forward 2,224,261 2,224,261 2,675,429

Note 2022
2		 2021f
Fixed assets
Tangible assets
Investments		 14
15		 113,702
12,635		 133,212
12,635
126,337 145,847
Current assets
Stocks 16 45,444 16,075
Debtors 17 1,424,916 434,438
Cash at bank and in hand 1,170,900 2,270,205
2,641,260 2,720,718
Creditors: amounts
year		 falling due within one 18 (564,863) (212,679)
Net current assets 2,076,397 2,508,039
Total assets less current liabilities 2,202,734 2,653,886
Net assets excluding pension asset 2,202,734 2,653,886
Totalnet assets 2,202,734 2,653,886
Charity funds
Restricted funds		 20 133,611
Unrestricted
funds		 20 2,202,734 2,520,275
'Total funds 2,202,734 2,653,888

Property improvements 87years
Plant and machinery 5-15years
Motor vehicles 5-10years
Furniture 15years
Library books 20 years
Computers 5years

Restricted Unrestricted Total Total
funds
2022
8		 funds
2022
8		 funds
2022
8		 funds
2021f
Grants
Grants from the University of Evansville 1,386,623 1,386,623
Government grants
Coronavirus
Job Retention Scheme
Kickstarter
grant
Culture
Recovery Fund grant
Grants from University
of Evansville		 47,134 19,175
15,188
32,007		 19,175
15,188
32,007
47,134		 361,230
9,429
13,860
47,134 1,452,993 1,500,127 384,519

Restricted Unrestricted Total Total
funds funds funds funds
2022 2022 2022 2021
f 2
Semester fee income, summer programs and
student travel 278,200 278,200 6,039
Provision of facilities for students 782
Land fund 17,128 17,128 17,126
17,128 278,200 295,328 25,949

Unrestricted Total Total
funds funds funds
2022
2		 2022
2		 2021f
Harlaxton Manor Enterprises Limited 382,739 382,739 4,366

Unrestricted Total Total
funds funds funds
2022 2022 2021
2 2
Interest received 144 144 2,151

Unrestricted Total Total
funds funds funds
2022 2022 2021
2 2
Cost of sales
Administration		 expenses 116,918
34,068		 116,918
34,068		 5,672
14,498
150,986 150,986 20,171

Restricted Unrestricted
funds
2022		 funds
2022		 Total
2022		 Total
2021
2 2 2
Operation
of
Preservation		 study centre
of Harlaxton		 Manor 197,873 2,280,647 2,280,647
197,873		 1,672,581
38,404
197,873 2,280,647 2,478,520 1,708,885

Staff costs Depreciation Other costs Total Total
2022 2022 2022 2022 2021
2 2 2 2
Operation of study centre 891,098 33,505 1,356,044 2,280,647 1,672,581
Preservation of Harlaxton
Manor 197,873 197,873 36,404
891,098 33,505 1,553,917 2,478,520 1,708,985
Total 2021 997,084 40,758 671,143 1,708,985

Activities
undertaken Support Total Total
directly costs funds funds
2022
2		 2022
2		 2022f 2021
Operation of study centre 2,276,448 4,199 2,280,647 1,672,581
Preservation of Harlaxton Manor 197,873 197,873 36,404
2,474,321 4,199 2,478,520 1,708,985
Total 2021 1,708,985 1,708,985

Preservatio
Operation
of study
centre
2022		 n of
Harlaxton
Manor
2022		 Total
funds
2022		 Total
funds
2021
2 2 2
Staff costs
Depreciation
Administration
General expenses
Faculty and tuition
Student affairs
Library services
Physical plant
Utilities
Housekeeping
Gardens
and grounds
Transport
Security
Catering
Summer programs		 891,098
33,505
52,968
170,143
24,372
135,263
64,033
317,693
27,705
17,436
10,109
111
478,445
10,944		 891,098
33,505
52,968
170,143
24,372
135,263
64,033
317,693
27,705
17,436
10,109
111
478,445
10,944		 997,084
40,758
4,617
86,548
(1,200)
21
29,270
97,262
189,415
4,488
10,872
8,491
1,555
23,255
559
Laundry service
Expenditure
- U o E
Land fund
Governance costs		 42,623 197,873 197,873
42,623		 128,145
36,404
51,440
2276 448 197,873 2,474,321 1,708,985

2022f 2021
Fees payable to the College's auditor for the audit of the College's annual
accounts 11,000 13,000
Fees payable to the College's auditor in respect of:
Audit services of the subsidiary company 5,000 5,000
Taxation compliance
services		 2,250 1,100
All non-audit services not included
above		 5,826 5,400

Group Group College Co//ege
2022
2		 2021
f		 2022
8		 2021
Wages and salades 770,498 897,063 770,498 897,063
Social security costs 52,380 54,067 52,380 54,067
Contribution to defined contribution pension
schemes 68,220 45,954 68,220 45,954
891,098 997,084 891,098 997,084
The average number of persons employed by the College during the year was as follows:
Group Group College Co//ege
2022 2021 2022 2021
No. No. No. No.
Management and administration 13 14 13 14
Faculty 5 5 5 5
House Keeping and estate 22 20 22 20
Catering and events 2 3 2
43 41 43 41

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Unlisted
investments
Group 2
Cost or valuation
At 1 May 2021 12,633
At 30 April 2022 12,633
Net book value
At 30 April 2022 12,633
At 30April 2021 12,633
Investments
in
subsidiary Unlisted
companies investments Total
College 6 E 2
Cost or valuation
At 1 May 2021 2 12,633 12,635
At 30 April 2022 2 12,633 12,635
Net book value
At 30 April 2022 2 12,633 12,635
At30April 2021 2 12,833 12,635

Class of Holding
shares
Ordinary 100%
Name Income
2		 Expenditure
2		 Profit/(Loss)
/ Surplus/		 Net assets
2
(Deficit) for
the year
2
Harlaxton Manor Enterprises Limited 414,746 253,855 160,911 21,545

Group Group College Col/ege
2022 2021 2022 2021
2 2
Consumables 78,493 44,907 45,444 16,075

Group Group College Col/ege
2022f 2021f 2022
2		 2021
Due within one year
Trade debtors 18,117 6,825 540
Amounts
owed by		 group undertakings 262,507 4,049
Due from University of Evansville 1,025,695 385,634 1,025,695 365,834
Prepayments
and accrued income		 87,173 64,757 87,171 64,755
Tax recoverable 370
Other debtors 49,003 49,003
1,179,988 437,588 1,424,916 434,438

Group Group College Co//ege
2022
2		 2021f 2022
2		 2021
Trade creditors 211,777 135,074 204,051 130,550
Other taxation and social security 50,407 18,669 21,887 15,997
Other creditors 4,612 8,276 4,612 8,276
Accruals
and deferred		 income 467,695 114,432 334,313 57,856
734,491 274,451 564,863 212,679

Group
2022		 Group
2021		 College
2022		 College
2021
2 2
Deferred
income at 1 May 2021
Resources deferred
during the year		 47,676
372,864		 15,398
47,678		 308,702
Amounts released from previous periods (47,676) (15,398)
372,864 47,876 308,702

Group
2022
2		 Group
2021f		 College
2022
2		 Co//ege
2021
Financial assets
Financial
through		 assets measured
at fair value
income and expenditure		 12,633 12,833 12,633 12,833

Statement
 offunds -current year
Balance at
Balance at 1
May 2021
2		 Income
2		 Expenditure
2		 Transfers
in/out
2		 30April
2022
f
Unrestricted funds
Harlaxton
College		 2,520,277 1,699,330 (2,177,798) 160,911 2,202,720
Harlaxton
Manor Enterprises
Limited		 21,543 414,746 (253,835) (160,911) 21,543
2,541,820 2,114,076 (2,431,633) 2,224,263
Restricted funds
Preservation
Manor		 of Harlaxton 133,611 64,262 (197,873)
Total offunds 2,675,431 2,178,338 (2,629,506) 2,224,263

Summary
offunds - prior year
Balance at
1 Ma)r 2020		 Income Expenditure
f		 Balance at
30April 2021
f
General funds
Restdcted funds		 3,756,522
152,887		 436,332
17,128		 (1,651,034)
(36,404)		 2,541,820
133,611
3,909,409 453,460 (1,687438) 2,875,431
Analysis of net assets between funds -current ye ar
Unrestricted Total
funds funds
2022 2022
2 9
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year		 113,702
12,633
2,832,419
(734,491)		 113,702
12,633
2,832,419
(734,491)
2,224,263 2,224,263

Analysis of net assets between
funds - prior		 year
Restncted Unrestricted Total
funds funds funds
2021
2		 2021 2021f
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year		 133,611 133,212
12,633
2,670,428
(274,451)		 133,212
12,633
2,804,037
(274,451)
133,611 2,541,820 2,675,431

Group Group
2022
2		 2021
f
Net expenditure
for the year (as per Statement		 of Financial Activities) (451,168) (1,313,701)
Adjustments for:
Depreciation charges 33,505 40,758
Interest received (144) (2,151)
Decrease/(increase) in stocks (33,586) 7,871
Decrease/(increase) in debtors (789,536) 1,915,450
Increase
in creditors		 494,709 41,437
Taxation 1,530
Net cash provided by/(used in) operating activities (746,220) 891,194
24. Analysis of cash and cash equivalents
Group Group
2022
2		 2021
f
Cash in hand 1,573,938 2,321,544
Total cash and cash equivalents 1,573,938 2321,544
25. Analysis of changes in net debt
At 1 May At 30April
2021 Cash flows 2022
2 2 2
Cash at bank and in hand 2,321,544 (747,606) 1,573,938
2,321,544 (747,606) 1,573,938