2022-12-31-accounts

Status		The organisation is a charitable	The organisation is a charitable	company	limited by	limited by	limited by	guarantee,	incorporated	incorporated	incorporated	6 December	6 December
		2013 and registered as a charity		on 5 February			2014.	The charitable		company		commenced
		operations on 1 July 2014.
Governing	Document	The charity is controlled by its		memorandum			and articles ofassociation,				and	constitutes	a
		limited company, limited by	guarantee, as		defined by			the Companies		Act	2006.
Company	Number	08804708
Charity Number		1155640
Registered	Office	9 Gray's inn Square
		London
		WC1R 5JD
Trustees		All Trustees served throughout		the year and		thereafter		except where		stated:
		Janet Bignell KC
		Desmond Browne KC (until 30Apri12022)
		Stephen Cartwright OBE(from		7 October	2022)
		Helen Davies KC (unti131 December 2022)
		Gregory Dorey CVO
		Chantal Aimee Doerries KC
		Judge Jill Frances (from 1 Januaiy 2023)
		Christopher Ghika CBE(from 10July 2023)
		Rt Hon Lord Justice Nicholas	Green (from			1 May 2022)
		Anthony Harking OBE (until	6	October 2022)
		Guy Perricone (until 9July 2023)
		Anne Sharp CBE
		Richard Whittam KC
		Victoria Wallace DL (until 14April 2022)
Bankers		Royal Bank ofScotland
		5 —10Great Tower Street
		London
		EC3P 3HX
Auditors		Haysmacintyre LLP
		10Queen Street Place
		London
		EC4R 1AG

				Unrestr icted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
			Notes	2022	2022	2022	2021
INCOME	FROM:
Donations Charitable	and legacies activities		2 3	1,930,020 1,170,031		1,930,020 1,170,031	1,589,840 860,512
Investments Other				1,229		1,229	93 7, 155
TOTAL				3,101,280		3,101,280	2,457,600
EXPENDITURE ON:
Charitable	activities
Training Regulation				2,614,929 584,449		2,614,929 584,449	2,684,418 649,115
TOTAL			5	3,199,378		3,199,378	3,333,533
NET (EXPENDITURE)/INCOME				(98,098)		(98,098)	(875,933)
RECONCILIATION		OF FUNDS
Total funds	brought forward			526,635		526,635	1,402,568
TOTAL FUNDS CARRIED FORWARD				f428,537		X428,537	X526,635

										2022	2021
									Notes
FIXEDASSETS
Tangible assets										16,381	21,612
CURRENT ASSETS
Debtors										362,734	36,106
Cash at bank and in		hand								461,046	755,788
										823,780	791,894
CREDITORS: Amounts			falling due		within	one	year		10	(411,624)	(286,871)
Net current assets										412,156	505,023
NET ASSETS										K428,537	K526,635
FUNDS
Restricted Funds									12
Unrestricted funds										482,537	526,635
TOTAL FUNDS										K482,537	K526,635
The accounts were	approved			by t	rustees	and	authorised	for	issue on	and signed	on its behalf by:
Signed:										(Trustee)
Neme;~ ltt		H		Lani	E linen		4J el	~	(cene
Date: ~1
Signed:										(Trustee)
Name: 5~ne, lc		K	le	g e~1
Date: l J	Q~~			peg g3

			2022	2021
Cash flows from operating	activities:
Net cash (used in)/provided	by operating	activities (see below)	(291,274)	(640,172)
Cash flows from investing	activities:
Purchase offixed assets			(3,468)	(8,297)
Net cash used in investing activities			(3,468)	(8,297)
Change in cash and cash equivalents in the year			(294,742)	(648,469)
Cash and cash equivalents at	the beginning	ofthe year	755,788	1,404,257
Cash and cash equivalents	at the end ofthe year		X461,046	$755,788
Reconciliation ofnet income to net cash		flow
from operating activities
Net (expenditure)/income for the reporting		period (as per the statement of
financial activities)			(98,098)	(875,933)
Add depreciation			8,699	9,193
(Increase)/decrease in debtors			(326,628)	277,372
Increase/(decrease) in creditors			124,753	(50,804)
Net cash (used in)/provided	by operating	activities	X(291,274)	X(640,172)

						At			At
						1January	Cash	Non-cash	31December
						2022	movements	movements	2022
Cash	at	bank	and	in	hand	755,788	(294,742)		461,046
						f755,788	K(294,742)		K461,046

2.	DONATIONS	DONATIONS	AND LEGACIES	AND LEGACIES	AND LEGACIES						2022	2021
	Grants received			from the	Inns ofCourt		towards	general activities			K1,930,020	K1,589,840
3.	CHARITABLE			ACTIVITIES - 2022					Unrestricted	Restricted	Total	Total
									Funds	Funds	2022	2021
	Fee income								1,001,742		1,001,742	708,676
	Legal texts								72,174		72,174	65,146
	BSBIntake	fee							96,115		96,115	86,690
									$1,170,031		K1,170,031	f860,512
4.	GRANT AND		FEEINCOME								2022	2021
	Fee income	from taught			awards						1,001,742	708,676
											5.1,001,742	f708,676
5.	ANALYSIS OF EXPENDITURE					- 2022
							Direct		Support	Governance	Total	Total
							Costs		Costs	Costs	2022	2021
	Charitable	activities:
	Training					1,916,833			682,192	15,904	2,614,929	2,684,418
	Regulation						300,743		278,986	4,720	584,449	649,115
						K2,217,576			f961,178	f20,624	Z3,199,378	K3,333,533
	ANALYSIS OF EXPENDITURE					- 2021
							Direct		Support	Governance	Total
							Costs		Costs	Costs	2021
	Charitable	activities:
	Training					2,229,568			449,416	5,434	2,684,418
	Regulation						218,555		424,618	5,942	649,115
						K2,448,123			K874,034	KI1,376	$3,333,533

				2022	2021
Staff costs				241,858	210,074
Other staff related		costs		11,127	16,822
Establishment	costs			452,559	396,065
Insurance				83,697	66,833
Finance and	accounting		fees	16,561	18,000
Other professional		fees		27,457	70,984
Office costs				42,269	42,845
ITcosts				84,760	78,550
Bank charges				890	861
				f961,178	f.874,034
GOVERNANCE		COSTS		2022	2021
Auditor's remuneration				13,200	11,376
Other professional		fees		7,424
				K20,624	Z11,376

Other fees payable	to the auditors	(for	other business	support)	amounted	to f.14,400 (2021: to	5.13,200) and are
included within support costs.
No Trustees received any remuneration			during the year.
EMPLOYEES						2022	2021
Staff costs were as	follows:
Wages and salaries						1,291,040	1,298,540
National insurance	contributions					154,600	146,193
Pension contributions						248,714	209,532
						K1,694,354	K1,654,265
The average number	ofemployees	during the year was		as follows:
						No.	No
Charitable activities						25	25
Management and suppoit						2	2
						27	27

s required by the Office for Students, the number ofemployees earn rovided in K5,000 bands:	ing income in excess off.100,000	is
	2022	2021
	No.	No.
X120,000 - f124,999
K125,000 - K129,999
	2022		2021
HEAD OF PROVIDER'S REMUNERATION
Basic salaiy	6126,436		123,957
Other remuneration/benefits
Pension contributions	37,670		34,110
	5,164,106		K158,067

8.	FIXEDASSETS - TANGIBLE ASSETS	FIXEDASSETS - TANGIBLE ASSETS	FIXEDASSETS - TANGIBLE ASSETS	FIXEDASSETS - TANGIBLE ASSETS
					Computer	Office
					Equipment	Furniture	Total
	COST
	Balance bought	forward	1 January 2022		49,286	35,008	84,294
	Additions					3,468	3,468
	Balance carried	forward	31 December 2022		49,286	38,476	87,762
	DEPRECIATION
	Balance bought	forward	1 January 2022		27,674	35,008	62,682
	Charge in year				7,832	867	8,699
	Balance carried	forward	31 December 2022		35,506	35,875	71,381
	NET BOOK VALUE
	31 December 2022				613,780	f2,601	f.16,381
	31 December 2021				f.21,612		521,612
9.	DEBTORS					2022	2021
	Trade debtors					237,321	460
	Prepayments					114,357	35,646
	Accrued income					11,056
						f362,734	f.36,106
10.	CREDITORS: amounts		falling due			2022	2021
	within one year
	Trade creditors					116,251	63,809
	Accruals and deferred income					295,373	223,062
						f411,624	5286,871
	Deferred income	comprises fees received		in advance.
	Movements in deferred income:
	Deferred income	at the start ofthe year				38,697	61,050
	Amounts released	to income				(38,697)	(61,050)
	Amounts deferred	in the	year			130,320	38,697
	Deferred income	at the end ofthe year				6130,320	f.38,697

The total offuture minimum lease payments under non	-cancellable operating leases are payabl	e as follows:-
	2022	2021
Within one year	208,750	165,141
Between one and two years	417,501	417,501
Between two and five years	982,986	1,191,736

			Balance
Balance			C/fwd
B/fwd 1.1.22	Income	Expenditure	31.12.22

RE	STRICTED FUNDS - 2021
					Balance
		Balance			C/fwd
		B/fwd 1.1.21	Income	Expenditure	31.12.21
Bar	course	639,376		(639,396)
		X639,376		K(639,376)

				Unrestricted	Restricted	Total
				Funds	Funds	Funds
				2021	2021	2021
INCOME	FROM:
Donations and legacies Charitable activities				1,589,840 860,512		1,589,840 860,512
InvestInents				93		93
Other				7,155		7, 155
TOTAL				2,457,600		2,457,600
EXPENDITURE ON:
Charitable	activities
TI'alnlng Regulation				2,045,042 649,115	639,376	2,684,418 649,115
TOTAL				2,694,157	639,376	3,333,533
NET (EXPENDITURE)				(236,557)	(639,376)	(875,933)
RECONCILIATION			OF FUNDS
Total funds	brought	forward		763,192	639,376	1,402,568
TOTAL FUNDS CARRIED FORWARD				f.526,635		$526,635