2022-12-31-accounts - Derwen College

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Learner Votce and Student Union	Learner Votce and Student Union	Board	Board	Universal therapy provision
De~ Cogege SWee u feut	0 a%lake k 9 e			Ag sWdenls benefit from access	to Iherapy			services
National Union of Students Each Odober, students				enabling a universal approach to				developing
vote for who they want lo represent	them on		tire SU	independence in preparation for adulthood					and
Board.				trensrlton post-college,
There is one representative and		one	deputy
representelive from each pathway Siudents leam how
to communicate their likes, dislikes, snd		thoughts, and
how lo represent the thoughts ol other	students		lo make
Derwen College e special place for ag of		them.
Personal, social and health (PSHE)		education		Specialist therapy provision
Learners lake perl in ag ofIhe following	PSHE modulest			Spsclslrst therapy need should be	rdenefied
Qnfine safety —modules I 2and	3			in the EHCP or IDP. but the	therapy		team		msy
Managing relationships Rights snd cugures				recommend addrlionslsfferstrons further therapy provision. A student's specialist provision	to outcomes and will be reviewed
Drugs and alcohol awareness				regularly, to ensure it meets their	needs	in	Ihe College
Moving on				environment. Therapy will be delivered		in		Ihe	most
Relationships and sex education,	mdu	dog	bespoke	appmpliale way lo enable students to		achieve			their
supporlforanyone who needstt.				individual goals snd outcomes. The students				also	have
				time to spend with the Cog ega therapy		dog.
				Targeted therapy provleton
				Targeted Iherapy provision ts available fog owing referral
				lo lhe integrated Iherspy leam.

		UnresMicted		Endowment	Endowment	Total	Total
		funds	Restricted funds	funds		funds	funds
		2022	2022	2022		2022	2021
Note		E			E
Income:
Donabons and
legacies	4	280,263	149,079			438,342	519,017
Chaditable activities	5	9,956,879				9,956,879	8,575,705
Othertrading activities	6	549,10S				549,100	369,305
Investmerils		308				300	40
Other income	0		(45,950)		1,026,360	900,402
Total Income		~tL72aSK	1922?L	~2!LMSL~~2dds			4 4157
Expenditure on:
Raising funds	9	568896				560,490	450,552
Charitable activities	I0	10,002,591	247,883		484,060	10,825,343	9,60T,432
Total expenditure			262EEE		484 069 ~L2222)22		~26~64
Net
incomel(expenditure)		134,551	(144,762)		541,491	S31,280	(00r,057)
Transfers between funds	19	68,37T	(191,435)		123,058
Net movement In funds		~23tgtt	~292)	~Srb24IL=~SLEE(			900LI)037
Reconciliation offunds:
Iolal funds brought forward		1,057,417	700,$55		2,265,731	4,103,803	4,905.000
Net movement in funds		202,928	(336,197)		664,549	531,200	(001,057)
Total funds carried forward		M~S~00		~		6 6363ELS	~03~
The Statement ofFinsnnal	Activities indudes a9 gains and losses recagnised				in the year
The notes on pages 27la	47 form part of these financial statements

					2022f	2021f
Cash flows from operating activities
Net cash	used in operating activities				(560,088)	(455,304)
Cash flows from investing activities
Dividends,	interests snd rents from investments				308	40
Proceeds	from the sale oftangible fixed	assets			1,235,270
Purchase	oftangible fixed assets				(247,019)	(214,740)
Net cash	provided by/(used in) investing		activities		888,669	(214,700)
Cash flows from ginancing activities
Net cash	provided by financing activities
Chango	In cash and cash equivalents	In	the year		438,471	(670,084)
Cash and cash equivalents at the beginning			ofthe	year	880,377	1,550,44I
Cash and cash equivalents at the end		of	the year
The notes	on pages 27 tc47 form pari ofIhese		tnsncisl	statements

				Unrestricted	Unrestricted	Restricted	Total	Total
				funds		funda	funds	funds
				2022	6	2022 2	2022 f	2021 6
Donations				44,795		149,079	193,874	130,835
Grants				1,705			1,706	1,250
Government	grants			242,	783		242,763	386,932
Total 2022				289~.		W4.0XR	~LSEL~Z
			Total 2021
Income from charitable activities
						Unrestricted	Total	Total
						funds	funds	funda
						2022 6	2022 6	2021f
Training Fees						9,483,181	gr483,181	8,207,146
Miscellaneous		Income				108,508	106,508	50,553
School Income								47,108
Short greeks	Income					237,489	237,469
Rental Income						129,721	129,721	91,688
Job Retention		Scheme Income						92,930
Total 2022
						9.855-879	~5l48ZE	8,575.705
				Total 2021
						8,575705	8,5?5,705

		Activities
		undertaken	Support	Total	Total
		directly	costs	funds	funds
		2022 6	2022 6	2022 6	2021f
Education		3,477,191		3/77,191	3,032,154
Care		3,931,242		3,931,242	3,300,845
Administration		934,392	841,664	1,776,066	1,478,528
Campus 6 Estates		1,030,999	609,855	1,640,664	1,935,895
Total 2022			145LE3R	FLEES~~432
	Total 2021
		~51E158	1.2882LI.	~807322

				Campus	&	Total	Total
	Education	Cere	Admlnlstradon	Estates		funds	funds
	2022	2022	2022	2022		2022	2021
	8	6	2		8	2	6
Stsff costs	3,105,466	3,379,391				8484,957	5,713,404
Depreciation			104,266			104,286	101,548
Premises 8, Ground Costs	116,618	10,676	177,617	846,386		t,ts1,267	1,3ee,seo
Equipment Repairs and Maintenance	23,434	51,754	7,799	103,362		186,349	220,729
Licencss &
Subscriptlons	4,177	20,676	31,600	1,638		sa,oet	91,694
Legal, Professional
&Consultation
Costs Learning	7,816	8,424	89,087			105,327	113,854
Cleaning and Consumeblss	45,227	121,343	6,696	58,470		229,736	200,158
Msnresng and AdvsrUsing	1,537	2,701	43,205		1,044	49,087	18,949
Equipment snd Student Acsvitles External	89,075	1,807	85,858		718	177,258	107,547
PrihUrtg Stetloheftr
and Compufing Consumables	41,386	27,794	164,189		3,332	236,701	222,840
College Transport	13,034	5,093	88,195		249	106,5'71	72,501
Contractors	16,907	263,864	3,063	16,477		300,311	164,810
Miscellaneous	12,514	37,719	133,019		723	183,975	102,958
Totsl 2022
	3477.tgt	32ELL24IL	rt&4.393	~dgkt		~27&82&	~t&258
Total 2021

								2022	2021
								6
	Fees payable accounts		to the College's	auditor		for the	audit ofthe Cogege's annual	9,680	8,850
	Fees payable		to the College's	auditor		in respect of:
	All non-audit	services not included			above				1,750
12.	Staff costs
								2022	2021
								2	6
	Wages and salaries							7,338,827	6,466,476
	Social security		costs					600,713	506,124
	Pension costs							268,297	253,974
	Agency costs							279,460 129,004 ~~5878
	Included in the		above are redundancy		payments		of237,696(2021:16,592) made	payable tc 3 (2021:	2) employees
	in the year.								36

		Freehold	Leasehold	plant and	Motor
		property 6	property 6	machinery 6	vehicles 6	Total 6
Cost orvaluation
At 1 January 2022		12,700,269	542,214	726,428	253,841	14,221,762
Additions		123,058		108,499	16,462	247,01S
Disposals		(614,077)				(514,077)
At 31December 2022		12,309,250	542,214	833,927	269,303	13,954,694
Depreciation
Al 1 January 2022		9,581,116	265JI36	404,359	240,753	10/71,664
Charge for the year			14,372	76,421	13,473	104,266
On disposals		(259,209)				(259,209)
At 31 December 2022		9,301,807	279,808	480,780	264,226	10,316,721
Net book value
At 31 December 2022		~JML3dit	~52dSE	~Hd4L	~ZL	~LRZ3.
AI31 December2021		Sf30153~?Zft		32L059	13055	375EDEE
Included In freehold	prcperiy is lend at e coal of1106,693(2021:2124,168).

		2022	2021
		8	5
Due within one year
Trade debtors		342,629	f32,874
Other debtors		Tr469	25979
Prepayments	and accrued income	168,331	130,284

					2022	2021
Payments	received	on	account		148,730	302,382
Trade creditors					143,575	239,900
Other taxation and social seourity					154,233	140,589
Other creditors					27,144	32,759
Accruals	and deferred		income		395,384	141,362
					2022	2021
					6
Deferred	income at 1		January 2022			19,934
Resources deferred		during the year			264,142
Amounts	released	from previous		periods		(19,934)

							Balance at 31
			Balance at 1			Transfers	December
			January 2022 f	Income 5	Expenditure 6	In/out 5	2022 5
Unrestricted	funds
General Funds -		all funds	353,715	10,795,638	(10,576,314)	(136,895)	438,144
Fixed asset	fund		703,702		(86,773)	204,272	822,201
			1,067,417	10,795,638	(10,661,087)	68,377	1,260,345
Endowment	funds
Fixed asset	fund		2,266,731			105,583	2,371,314
Expendable	Endowment			1,026,360	(484,869)	17,475	558,966
			2,266,731	1,026,360	(484,869)	123,058	2,930,280
Restricted	funds
Fixed asset	fund		780,855	(45,958)	(98,804)	(191,435)	444,458
Other restricted		funds		149,079	(149,079)
			780,655	103,121	(247,883)	(191,436)	444,458

Statement offunds	Statement offunds	(continued)
Statmnent offunds		- prior year
							Saience at
			Baiance at				31
			1January			Transfers	December
			2021	Income	Expenditure	inioui	2021
			2	2	2
Unrestricted	funds
Designated	funds
Infrastructure	Improvement
Fund
Generalfunds
General Funds - all		funds	6S6,923	9,379,T38	(9562,626)	(130320)	353,715
Fixed asset	fund		744,330		(72,513)	31,885	T03,702
			1,411,253	9,379,738	(9,635,139)	(98435)	1,057417
Total Unrestricted		funds
			1,411,253	9,379,T38	(10,23S,981)	503407	1,057417
Endowmentfunds
Fixed asset	fund		2,2S5,731				2 265,731
Expendable	Endowment		601,842			(601,842)
			2,867,573			(S01,842)	2,2S5,731
Restricted funds Fixed assetfund			~aa'~~~~,
Tolaloffunds
							42

principal actuaria	l assumptio	ns st i	he Balance shsei da	le (expressed as weighted a	verages):
					At 31	Af 31
					December	December
					2022	2021
Discount rate
Infladon (RPI)					3.3	3.50
Ingagon (CPI)
					At31	Af31
					December	December
					2022	2021
					Yea m	Years
Mortality rates	(in years)
- fora mete aged 65 now					21.8	21.7
-at 65 for a male aged 45 now					23.1	23.0
- for a female	aged 65 now				2ILB	23.5
-at 65 for a female aged 45 now
The Ccgsge's share ofthe		assets	In the scheme wss:
					At 31	At 31
					December	December
					2022	2021
					8
Corporate bonds					$48,000	2,752,000
International	Bonds				10,0$1,000	14,746,000
Cash and Others					82,000	56,000
Total fair value ofassets
The actual return cn scheme assets was f4,019,000				(2021 -0738,000).
The amounts recognised		in the Sistsmenl of Financial		Activities are ss follows:

Movsmenl	s in the present value of Ihe deiinsd banafit obligation were as follows:
		2022
		f.
Opening	defined benefit obligation	13,794,000
Admin Expenses
Actuarial	Gains	(6,196,000)
Interest	cost	246,000
Benefits	paid	(416,000)
Closing	defined benefit obllgagon
Movements in the fair value ofthe Coaege's share ofschema assets were as follows
		2022
		6
Opening	fair value ofscheme assets	17,664,000
Interest	income	312,000
Benefits	paid	(416,000)
Actuadial	Losses	(6,331,000)
Closing	fair value ofscheme assets

Operating lease commitments	Operating lease commitments	Operating lease commitments
At 31 December 2022 Ihe College had commitments			to make future minimum	lease payments	under	non-cancsfiable
operating	leases as follows
				2022		2021
					6	2
Not later	than	1 year			7,676	ff,gfo
Later than 1		year and not later than 5years				I0,347
						ru
						46