##
|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||||||||||||
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|||||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|
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|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||
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|||||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)||
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|||||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|