2023-04-30-accounts

				Page
Reference and Administrative			Details of the College, its Trustees and Advisers
Trustees' Report				2-15
Independent	Auditors'	Report	on the Financial Statements	16-20
Consolidated	Statement	of Financial Activities		21
Consolidated	Balance Sheet			22-23
College Balance Sheet				24-25
Consolidated	Statement	of Cash Flows		26
Notes to the	Financial Statements			27 —48

Approved	by	order	of	the	members	of	the board	of	Trustees	on
					~(~(~	and	signed on their behalf	by:

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
		Note	2023 8	2023 2	2023 2	2022f
Income from:
Grants received		4	130,459	1,879,268	2,009,727	1,500, 127
Charitable activities		5	23,551	1,218,356	1,241,907	295,328
Other trading activities		6		525,320	525,320	382,739
Investments				5,678	5,678	144
Total income			154,010	3,628,622	3,782,632	2,178,338
Expenditure on:
Raising funds				289,843	289,843	150,986
Charitable activities			154,010	3,292,374	3,446,384	2,478,520
Total expenditure			154,010	3,582,217	3,736,227	2,629,506
Net movement in funds				46,405	46,405	(451,168)
Reconciliation of funds:
Total funds brought	forward			2,224,261	2,224,261	2675,429
Net movement in funds				46,405	46,405	(451,168)
Total funds carried forward				2,270,666	2,270,666	2,224,261

						2023		2022
				Note		8
Fixed assets
Tangible assets				14		111,440		113,702
Investments				15				12,633
						111,440		126,335
Current assets
Stocks				16	105,048		78,493
Debtors				17	2,218,828		1,179,966
Cash at bank and in		hand			1,128,760		1,573,936
					3,452,636		2,632,419
Creditors: amounts	falling		due within one
year				18	(1,273,616)		(734,491)
Net current assets						2,179,020		2097,926
Total assets less current			liabilities			2,290,460		2224,263
Creditors: amounts	falling		due after more
than one year				19		(19,792)
Net assets excluding		pension asset				2,270,668		2224,263
Total net assets						2,270,668		2,224,263
Charity funds
Restricted funds				21
Unrestricted funds				21		2,270,668		2,224,263
Total funds						2,270,668		2,224,263

			COLLEGE BALANCE SHEET	COLLEGE BALANCE SHEET
			AS AT 30APRIL 2023
			Note		2023 2		2022f
Fixed assets
Tangible assets			14		111,440		113,702
Investments			15		2		12,635
					111,442		126,337
Current assets
Stocks			16	66,253		45,444
Debtors			17	2,274,612		1,424,900
Cash at bank and in hand				864,611		1,170,900
				3,205,476		2,641,244
Creditors: amounts	falling due within one
year			18	(1,067,793)		(564,863)
Net current assets					2,137,683		2,076,381
Total assets less current liabilities					2,249,125		2,202,718
Net assets excluding		pension asset			2,249,125		2202,718
Total net assets					2,249,125		2,202,718
Charity funds
Restricted funds			21
Unrestricted funds			21		2,249,125		2202,718
Total funds					2,249,125		2,202,718

				2023	2022
				8
Cash flows from operating	activities
Net cash used in operating	activities			(450&856)	(746,220)
Income taxes paid					(1,530)
Net cash used in operating	activities			(450,856)	(747,750)
Cash flows from investing	activities
Interest received				5,678	144
Change in cash and cash	equivalents	in	the year	(445&178)	(747,606)
Cash and cash equivalents	at the beginning		ofthe year	1,573,938	2321,544
Cash and cash equivalents	at the end	of	the year	1,128,760	1,573,938
The notes on pages 27 to 48form part of these financial statements

iation is provided on the fo	llowing bases:
Property improvements Plant and machinery	- 87years - 5-15years
Motor vehicles	- 5-10years
Furniture	—15years
Library books	—20 years
Computers	—5years

						Restricted	Unrestricted	Total	Total
						funds	funds	funds	funds
						2023	2023	2023	2022
						2	2	5
Grants
Grants	from		the University		of Evansville		1,877,098	1,877,098	1,385,823
Government			grants
Coronavirus			Job Retention		Scheme				19,175
Kickstarter		grant					2,170	2,170	15,188
Culture	Recovery Fund			grant					32,007
Grants	from		University	of	Evansville	130,459		130,459	47,134
						130,459	1,879,268	2,009,727	1,500,127

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2023 E	2023 E	2023 E	2022f
Semester fee income, summer student travel		programs	and		1,218,356	1,218,356	278,200
Land fund				23,551		23,551	17,128
				23,551	1,218,356	1,241,907	295,328

				Unrestricted	Total	Total
				funds	funds	funds
				2023 E	2023 E	2022f
Harlaxton	Manor	Enterprises	Limited	525,320	525,320	382,739

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
			E
Interest	received	5,678	5,678

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		2	2
Cost of sales		244,052	244,052	116,918
Administration	expenses	45,791	45,791	34,068
		289,843	289,843	150,986

				Restricted	Unrestricted
				funds	funds	Total	Total
				2023	2023	2023	2022
				2	2	2
Operation	of	study centre			3,292,374	3,292,374	2280,647
Preservation		of Harlaxton	Manor	154,010		154,010	197,873
				154,010	3,292,374	3,446,384	2,478,520

			Staff costs	Depreciation	Other costs	Total	Total
			2023 2	2023 6	2023 2	2023 f	2022 f
Operation	of	study centre	1,103,517	24,000	2,164,857	3,292,374	2,280,547
Preservation Manor		of Harlaxton			154,010	154,010	197,873
			1,103,517	24,000	2,318,667	3,446,384	2,478,520
Total 2022			891,098	33,505	1,553,917	2,478,520

				Activities
				undertaken	Support	Total	Total
				directly 2023 6	costs 2023 2	funds 2023f	funds 2022f
Operation	of	study centre		3,283,012	9,362	3&292,374	2,280,647
Preservation		of Harlaxton	Manor	154,010		154,010	197,873
				3,437,022	9,362	3,446,364	2,478,520
Total202	2			2,474,321	4,199	2478,520

					Preservatio
				Operation	n of
				of study	Harlaxton	Total	Total
				centre	Manor	funds	funds
				2023	2023	2023	2022
				2	6	2
Staff costs				1,103,517		1,103,517	891,098
Depreciation				24,000		24,000	33,505
Administration				59,433		59,433	52,968
General	expenses			183,727		183,727	170,143
Faculty and		tuition		3,397		3,397	24,372
Student	affairs			220,255		220,255	135,283
Physical	plant			163,517		163,517	84,033
Utilities				369,408		369&408	317,693
Housekeeping				42,560		42,560	27,705
Gardens	and		grounds	14,085		14,085	17,436
Transport				15,367		15,367	10,109
Security				315		315	111
Catering				768,623		768,623	478,445
Summer	programs			257,044		257,044	10,944
Land fund					154,010	154,010	197,873
Investment		impairment		12,633		12,633
Governance			costs	45,131		45,131	42,623
				3,283,012	154,010	3,437,022	2,474,321

				2023	2022
				2
Fees payable	to the College's	auditor	for the audit of the College's annual
accounts				11,000	11,000
Fees payable	to the College's	auditor	in respect of:
Audit services of the subsidiary		company		4,250	5,000
Taxation compliance services				2,250	2,250
All non-audit	services not included above			6,000	5,828

Staff costs
						Group	Group	College	Go//ege
						2023 6	2022f	2023 2	2022
Wages and salaries						963,821	770,498	963,821	770,498
Social security costs						71,587	52,380	71,587	52,380
Contribution	to defined		contribution		pension
schemes						68,109	68,220	68,109	68,220
						1,103,517	89/,098	1,103,517	89/,098
The average		number	of persons	employed		by the College during	the year was	as follows:
						Group 2023	Group 2022	College 2023	College 2022
						No.	No.	No.	No.
Management		and administration				19	13	IQ	/3
Faculty						8	5	Q	5
House Keeping and estate						26	22	2.Er	22
Catering and		events					3		3
						53	43		43

				Unlisted
				investments
				6
Cost or valuation
At 1 May 2022				12,633
At 30 April 2023				12,633
Impairment
Impairment on revaluation				12,633
At 30 April 2023				12,633
Net book value
At 30April 2022				12,633
		Investments
		in
		subsidiary	Unlisted
College		companies 2	investments 2	Total 2
Cost or valuation
At 1 May 2022		2	12,633	12,635
At 30 April 2023		2	12,633	12,635
Impairment
Impairment on revaluation			12,633	12,633
At 30 April 2023			12,633	12,633
Net book value
At 30 April 2023
At30April 2022			12,633	12,635
The historical cost of the unlisted	investments	was 212,633(2022 - 212,633k

Class of	Holding
shares
Ordinary	1 00'/

Name				Income	Expenditure	Profit/(Loss)	Net assets
				2	2	/ Surplus/	2
						(Deficit) for
						the year
						2
Harlaxton	Manor	Enterprises	Limited	525,320	468,495	56,825	21,543

			Group	Group	College	College
			2023 2	2022	2023 2	2022f
Consumables			105,048	76,493	66,253	45,444
Debtors
			Group	Group	College	College
			2023 2	2022f	2023 2	2022
Due within one year
Trade debtors			35,070	18,117	1,025	540
Amounts owed by		group undertakings			91,444	262,507
Due from University		of Evansville	1,923,500	1,025,695	1,923,500	1,025,695
Prepayments	and accrued income		260,258	67,173	258,643	e7,1ss
Other debtors				49,003		49,003
			2,218,828	1,179,9ee	2,274,612	1,424,900

		Group 2023 2	Group 2022f	College 2023	College 2022f
Trade creditors		238,041	211,777	218,492	204,051
Other taxation and social security		42,465	50,407	20,736	21,887
Other creditors		3,608	4,612	3,608	4,612
Accruals and deferred	income	989,502	467,695	824,957	334,313
		1 273 616	734491	1)067793	564 SS3

		FO	R THE YEAR	ENDED 30 APRIL	2023
				Group 2023f	Group 2022f	College 2023 2	Co//ege 2022
Deferred	income at 1 May 2022			372,864	47,676	308,702
Resources deferred		during the year		931,627	372864	760,409	308,702
Amounts	released	from previous	periods	(372,864)	(47,676)	(308,702)
				931,627	372,864	760,409	308,702

Group	Group
2023	2022
2
19,792

				Group 2023 2	Group 2022
	Accruals and deferred income			19,792
20.	Financial instruments
		Group 2023 2	Group 2022f	College 2023f	Co//ege 2022
	Financial assets
	Financial assets measured at fair value through income and expenditure		12,633		12,633

								Balance at
					Balance at 1			30April
					May 2022	Income	Expenditure	2023
					2	9	2	2
Unrestricted		funds
Harlaxton	College				2,202,720	3,103,302	(3,056,897)	2,249,125
Hariaxton	Manor Enterprises			Limited	21,543	525,320	(525,320)	21,543
					2~224)263	3628622	(3~582)217)	2 270 668
Restricted funds
Preservation		ol Harlaxton	Manor			154,010	(154,010)
Total of funds					2224 263	3782632	(3y736y227)	2270)668

Statement	of funds - prior yea	r
		Balance at			Transfers	Balance at
		1 May 2021f	income f	Expenditure f	(clout 30April 2022 f f
Unrestricted	funds
Harlaxton College		2,520,277	1,699,330	(2, 177,798)	160,911	2202,720
Harlaxton Manor Enterprises Limited		21,543	414,746	(253,835)	(160,911)	21,543
		2,541,820	2,114,076	(2431,633)		2,224,263
Restricted	funds
Preservation	of Harlaxton
Manor		133,611	64,262	(197,873)
Total of funds		2,675,431	2,178,338	(2629,506)		2224,263

Summary of funds - pri	or year
	Balance at			Transfers	Balance at
	1 May 2021f	Income f	Expenditure f	inloul f	30April 2022 f
General funds	2,541,820	2,114,076	(2431,633)		2,224,263
Restricted funds	133,611	64,262	(197,873)
	2,675,431	2 178,338	(2,629,506)		2,224,263

			Unrestricted	Total
			funds	funds
			2023f	2023f
Tangible	fixed	assets	111,440	111,440
Current	assets		3,452,636	3,452,636
Creditors	due	within one year	(1,273,616)	(1,273,616)
Creditors	due	in more than one year	(19,792)	(19,792)
Total			2,270,668	2,270,668

		Unrestricted	Totai
		tunds	funds
		2022f	2022
Tangible	fixed assets	113,702	113,702
Fixed asset investments		12,633	12,633
Current	assets	2,832,419	2,832,419
Creditors	due within one year	(734,491)	(734,491)
Total		2,224,283	2,224,263

24.	Reconciliation of net	movem	ent	in fun	ds to	net	cash flow	from	operating	activities
										Group	Group
										2023	2022
										2
	Net income/expenditure Activities)	for	the	year	(as	per	Statement	of	Financial	46,405	(451,168)
	Adjustments for:
	Depreciation charges									23,999	33,505
	Interest received									(5,678)	(144)
	Increase in stocks									(26,555)	(33,586)
	Increase in debtors									(1,047,944)	(769,536)
	Increase in creditors									558,917	494,709
	Net cash used in operating		activities							(450,856)	(74S,220)
25.	Analysis of cash and	cash equivalents
										Group	Group
										2023 2	2022 f
	Cash in hand									1,128,760	1,573,938
	Total cash and cash	equivalents								1,128,760	1573938
26.	Analysis ofchanges	in net	debt

						At 1 May		At 30 April
						2022	Cash flows	2023
							2	2
						2
Cash	at	bank	and	in	hand	1,573,938	(445,178)	1,128,760
						1,573,938	(445,178)	1,128,760