2021-12-31-accounts

			Page
Reference and administrative		details ofthe College, its Trustees and advisers	1-2
Trustees' report			3-20
Independent auditors'	report	on the financial statements	21 - 23
Statement offinancial	activities		24
Balance sheet			25-26
Statement ofcash flows			27
Notes tothe financial	statements		28'- 49

Strategic Priorities:	Strategic Priorities:
Ensure our long-term		sustainability
Areas offocus
	o	Rigorous financial management
	o	Constant review and update		of provision
	o	Appropriate diversification
	o	Risk assurance measures
	o	Environmental commitment
Excel in every	aspect	ofour operation
Areas offocus
	o	Our holistic approach to people
	o	Quality assurance
	o	Staff CPD and performance		management
	o	Staff wellbeing
	o	Compliance monitoring
	o	Response to changing	legislative		environment		and the SEND landscape
	o	Being a learning organisation
Make the most of our		exceptional resources
Areas offocus
	o	Accommodation review	and	planning
	o	Campus management
	o	Commercial developments
	o	Satellite opportunities
	o	Safeguarding
	o	Partnerships
Betrailblazers,	initiators and researchers
Areas offocus
	o	Our position I reputation	within the sector
	o	Risk appetite
	o	Initiatives and innovations
	o	Marketing, publicity and	communication			with	stakeholders
	o	Award applications
	o	Build thirst for increased	understanding

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
		Note	2021	2021 6	2021 6	2021 6	2020f
Income:
Donations and	legacies	5	434,598	84,419		519,017	192,060
Charitable activities		6	8,575,705			8,575,705	8,849,030
Other trading activities		7	369,395			369,395	175,406
Investments		8	40			40	147
Other income		9					584,964
Total income			9,379,738	84,419		9,464,157	9,802,607
Expenditure on:
Raising funds		10	458,582			458,582	343,984
Charitable activities			9,778,399	29,033		9,807,432	8,984,088
Total expenditure			10,236,981	29,033		10266014	9328072
Net
(expenditure)/income			(857,243)	55,386		(801,857)	474,535
Transfers between
funds		19	503,407	98,435	(601,842)
Net movement	in
funds			(353,836)	153,821	(601,842)	(801,857)	474,535
Reconciliation	of
funds:
Total funds brought
forward			1,411,253	626,834	2,867,573	4,905,660	4,431,125
Net movement	in funds		(353,836)	153,821	(601,842)	(801,857)	474,535
Total funds carried
forward			1,057,417	780,655	2,265,731	4,103,803	4,905,660

				BALANCE SHEET	BALANCE SHEET	BALANCE SHEET
				AS AT	31 DECEMBER 2021
							2021		2020
				Note			8
Fixed assets
Tangible assets					15		3,750,088		3,636,895
							3,750,088		3,636,695
Current assets
Stocks					16	41,193		21,723
Debtors					17	289,137		369,761
Cash at bank and	in	hand				880,377		1,550,441
						1,210,707		1,941,925
Creditors: amounts		due within one year			18	(856,992j		(673,160)
Net current assets							353,715		1,266,765
Total assets less	current		liabilities				4,103,803		4,905,660
Net assets							4,103,803		4,905,660
Total net assets							4,103,803		4,905,660

		Note		2021 6	2020f
Charity funds
Endowment	funds		19	2,265,731	2,867,573
Restricted funds			19	780,655	626,834
Unrestricted	funds		19	1,057,417	1,411,253
Total funds				4,103,803	4,905,660

		STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
		FOR THE YEAR ENDED 31DECEMBER 2021
					Note	2021f	2020f
Cash flows from operating		activities
Net cash	used in operating	activities			21	(455,364)	(88,697)
Cash flows from investing		activities
Dividends,	interests and rents from investments					40	147
Proceeds	from the sale oftangible fixed assets						550
Purchase	oftangible fixed assets					(214,740)	(138,803)
Net cash	used in investing	activities				(214,700)	(138,106)
Cash flows from financing		activities
Proceeds	from the sale of endowed properties						870,000
Net cash	provided by financing activities						870,000
Change	in cash and cash	equivalents in	the year			(670,064)	643,197
Cash and	cash equivalents	at the beginning	ofthe year			1,550,441	907,244
Cash and cash equivalents		at the end ofthe year			22	880,377	1,550,441
The notes	on pages 28 to 49form part ofthese		financial	statements

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2021 E	2021 E	2021 E	2020f
Donations	46,416	84,419	130,835	63,220
Grants	388,182		388,182	128,840
Total 2021	434,598	84,419	519,017	192,060
Total 2020	159,830	32,230	192,060

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		E	E	E
Training Fees		8,207,146	8,207,146	8,159,912
Miscellaneous	Income	50,553	50,553	38,065
School Income		47,108	47,108	111,924
Short Breaks Income		86,280	86,280	126,275
Rental Income		91,688	91,688	92,143
Job Retention	Scheme Income	92,930	92,930	320,711
Total 2021		8,575,705	8,575,705	8,849,030
Total 2020		8,849,030	8,849,030

			Unrestricted	Total	Total
			funds	funds	funds
			2021 8	2021	2020f
	Retail		224,879	224,879	118,186
	Hospitality		144,516	144,516	58,220
	Total 2021		369,395	369,395	176,406
	Total 2020		176,406	176,406
8.	Investment	income
			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			E	E
	Interest Receivable		40	40	147
	Total 2021		40	40	147
	Total 2020		147	147

		Unrestricted	Endowment	Total	Tolal
		funds	funds	funds	funds
		2021 f	2021	2021 6	2020f
Sale	ofAssets				584,964
Total	2021				584,964
Total	2020	551	584,413	584,964

				Unrestricted	Total	Total
				funds	funds	funds
				2021 6	2021	2020f
Retail	and	Hospitality	Expenditure	223,686	223,686	180,328
Retail	and	Hospitality	Staff Costs	234,896	234,896	163,656
Total	2021			458,582	458,582	343,984
Total	2020			343,984	343,984

		Activities
		undertaken	Support	Total	Total
		directly	costs	funds	funds
		2021 6	2021	2021 6	2020f
Education		3,032,164		3,032,164	2,643,072
Care		3,360,845		3,360,845	3,116,880
Administration		745,000	733,528	1,478,528	1,650,823
Campus	&Estates	1,381,149	554,746	1,935,895	1,573,313
Total 2021		8,519,158	1,288,274	9,807,432	8,984,088
Total 2020		7,54k858	1,442,230	8,984,088

			Administratic	Campus	&	Total	Total
	Education	Care	n	Estates		funds	funds
	2021f	2021 F	2021	2021		2021	2020
Staff costs	2,748,904	2,964,500				5,713,404	5,370,719
Depreciation			101,546			101,546	61,947
Premises &
Ground Costs	92,250	12,104	134,943	1,149,183		1,388,480	900,209
Equipment
Repairs and
Maintenance	37,141	35,462	15,593	132,533		220,729	189,335
Licences &
Subscriptions	5,697	20,869	62,353	2,775		91,694	93,777
Legal,
Professional 8
Consultation
Costs	15,928	17,869	79,887			113,684	141,044
Cleaning and
Consumables	22,898	116,030	976	60,252		200,156	197,771
Marketing and
Advertising	1,793	680	16,476			18,949	11,733
Learning
Equipment and
Student Activities	55,221	4,924	46,748	654		107,547	97,971
Printing
Stationery and
Computing
Consumables	39,714	13,521	167,598	1,807		222,640	230,217
College Transport	8,777	2,524	61,036	224		72,561	59,271
External
Contractors	375	131,298	1,084	32,053		164,810	73,682
Miscellaneous	3,466	41,064	56,760	1,668		102,958	114,182
Total 2021	3,032,164	3,360,845	745,000	1,381,149		8,519,158	7,541,858
Total 2020	2,643,072	3,116,880	765,828	1,016,078		7,541,858

				Administratit	Administratit	Campus	&	Total	Total
				n		Estates		funds	funds
				2021 f		2021 f		2021f	2020f
Staff costs				733,528		554,746		1,288,274	1,442,230
Total 2021				733,528		554,746		1,288,274	1,442,230
Total 2020				884,995		557,235		1,442,230
Auditors' remuneration
								2021 6	2020f
Fees payable	to the College's	auditor		for the audit ofthe	College's annual
accounts								8,850	8,500
Fees payable	to the College's	auditor		in respect of:
All non-audit	services not included		above					1,750	1,600
Staff costs
								2021f	2020f
Wages and salaries								6,466,476	5,163,641
Social security costs								506,124	468,680
Pension costs								263,974	344,284
Agency costs								129,004	43,502
								7,365,578	7,020,I07

				2021	2020
				No.	No.
Charitable	staff			250	247
Administration		and	support	76	79
Management				4	4
				330	330

2021	2020
No.	No.

	Freehold	Leasehold	Plant and	Motor
	property	property F	machinery	vehicles f	Total
Cost or valuation
At 1 January 2021	12,676,268	467,780	609,122	253,841	14,007,011
Additions	24,000	74,434	116,306		214,740
At 31 December 2021	12,700,268	542,214	725,428	253,841	14,221,751
Depreciation
At 1 January 2021	9,561,115	236,404	343,064	229,533	10,370,116
Charge for the year		29,033	61,295	11,219	101,547
At 31 December 2021	9,561,115	265,437	404,359	240,752	10,471,663
Net book value
At 31 December 2021	3,139,153	276,777	321,069	13,089	3,750,088
At 31December 2020	3,115,153	231,376	266,058	24,308	3,636,895

Stocks
						2021	2020
Finished	goods	and	goods	for	resale	41,193	21,723

						2021f	2020f
	Due within one year
	Trade debtors					132,874	203,395
	Other debtors					25,979
	Prepayments and accrued income					130,284	166,366
						289,137	369,761
18.	Creditors: Amounts			falling due	within one year
						2021f	2020
	Payments received		on account			302,382	130,381
	Trade creditors					239,900	248,976
	Other taxation and	social security				140,589	110,977
	Other creditors					32,759	35,701
	Accruals and deferred			income		141,362	147,125
						856,992	673,160
						2021	2020
						F
	Deferred income at		1	January 2021		19,934	9,457
	Resources deferred		during the year				19,934
	Amounts released	from previous			periods	(19,934)	(9,457)
							19,934

Statement	offunds	- current	year
							Balance at 31
			Balance at 1			Transfers	December
			January 2021	Income	Expenditure	in/out	2021
			6	6	6		6
Unrestricted	funds
Designated	funds
Infrastructure	Improvement
Fund					(601,842)	601,842
General funds
General Funds - all		funds	666,923	9,379,738	(9,562,626)	(130,320)	353,715
Fixed asset	fund		744,330		(72,513)	31,885	703,702
			1,411,253	9,379,738	(9,635,1391	(98,435)	1,057,417
Total Unrestricted		funds	1,411,253	9,379,738	(10,236,981)	503,407	1,057,417
Endowment	funds
Fixed asset	fund		2,265,731				2,265,731
Expendable	Endowment		601,842			(601,842)
			2,867,573			(601,842)	2,265,731
Restricted	funds
Fixed asset	fund		626,834	84,419	(29,033)	98,435	780,655
Total offunds			4,905,660	9,464,157	(10,266,014)		4,103,803

Statement	offunds	-prior year
							Balance at
			Balance at				31
			1January			Transfers	December
			2020f	income f	Expenditure	inlout	2020
Unrestricted	funds
Designated	funds
Infrastructure	Improvement
Fund					(268,158)	268,158
General funds
General Funds - all		funds	607,526	9,047,161	(8,987,764)		666,923
Fixed asset	fund		601,553	138,803	(24,809)	28,783	744,330
			1,209,079	9,185,964	(9,012,573)	28,783	1,411,253
Total Unrestricted		funds	1,209,079	9,185,964	(9,280,731)	296,941	1,411,253
Endowment	funds
Big Lottery Fund —Ceramics
Building			190,000			(190,000)
Big Lottery Fund —The Acorns			300,000			(300,000)
Fixed asset	fund		2,090,101			175,630	2,265,731
Expendable	Endowment			584,413		17429	601,842
			2,580,101	584,413		(296,941)	2,867,573
Restricted	funds
Fixed asset	fund		641,945	32,230	(47,341)		626,834
Total offunds			4,431,125	9,802,607	(9,328,072)		4,905,660

Analysis	of n	et asse	ts	between funds	- prior year
					Unrestricted	Restricted	Endowment	Tots/
					funds	funds	funds	funds
					2020	2020	2020	2020
					5
Tangible	fixed	assets			744,330	626,834	2,265,731	3,636,895
Current	assets				1,340,083		601,842	1,941,925
Creditors	due	within	one	year	(673,160)			(673,160)
Ttl					1,411,253	626,834	2,867,573	4,905,660

							2021	2020
								6
Net income/expenditure		for the year (as per Statement			of Financial	Activities)	(801,857)	474,535
Adjustments	for:
Depreciation	charges						101,547	61,947
Returns on	investments and servicing			offinance			(40)	(147)
Loss/(profit)	on the sale offixed assets							(584,964)
Decrease/(increase)		in stocks					(19,470)	5,162
Decrease/(increase)		in debtors					80,624	(73,580)
Increase in	creditors						183,832	28,350
Net cash used in operating			activities				(455,364)	(88,697)

		2021f	2020f
Cash	in hand	880,377	1,550,441
Total	cash and cash equivalents	880,377	1,550,441

									At 31
						At	1 January		December
							2021	Cash flows	2021
									6
Cash	at	bank	and	in	hand		1,550,441	(670,064)	880,377
							1,550,441	(670,064)	880,377

Principal	actuarial assumptions at the Balance shee	t date (expressed as weighted averages):
		At 31	At 31
		December	December
		2021	2020
		0/
Discount	rate	1.80	1.40
Inflation	(RPI)	3.50	3.10
Inflation	(CPI)	2.90	2.40

	At 31	At 31
	December	December
	2021	2020
	Years	Years
Mortality rates (in years)
-for a male aged 65 now	21.7	21.8
-at 65 for a male aged 45 now	23.0	23.1
- for a female aged 65 now	23.5	23.7
-at 65 for a female aged 45 now	25.0	25.2

The Colleg	e's shar	e ofthe	assets in the s	chem	e was.
								At 31	Af 31
								December	December
								2021	2020f
Corporate	bonds							2,752,000	2,629,000
International Bonds								14,746,000	14,512,000
Cash and	Others							56,000	149,000
Total fair	value	ofassets						17,554,000	17,290,000
The actual	return on scheme assets wes			6738,000 (2020 - C1,359,000).
The amounts recognised			in the Statement	of Financial		Activities	are as follows.
								2021 6	2020f
Benefit changes,		gain/(loss) on curtailment			and gain/(loss)		on settlement		40,000
Movements	in the	present	value ofthe defined		benefit	obligation	were as follows:
									2021
									6
Opening	defined	benefit obligation							15,311,000
Admin Expenses
Actuarial	Losses								(1,254,000)
Interest cost									211,000
Benefits paid									(474,000)
Liabilities	extinguished		on settlements
Closing defined		benefit obligation							13,794,000

Movemen	ts in the fa	ir value of the College's share ofscheme assets wer	e as follows:
			2021f
Opening	fair value	ofscheme assets	17,290,000
Interest	income		239,000
Assets distributed		on settlements
Benefits	paid		(474,000)
Actuarial	Gains		499,000
Closing	fair value	ofscheme assets	17,554,000

			2021 E	2020f
Not later than		1 year	11,910	24,721
Later than	1 year and not later than 5 years		10,347	23,929
			22,257	48,650