2021-08-31-accounts - Heart Of Birmingham Vocational College Ltd

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Report of the Trustees	1	to	7
Report ofthe Independent Auditors	8	to	10
Statement of Financial Activities
Balance Sheet		12
Cash Flow Statement		13
Notes to the Cash Flow Statement		14
Notes to the Financial Statements	15	to	22
Detailed Statement of Financial Activities	23	to	24

for the yea	r ended 3	1August 20	21
					2021	2020
					Unrestricted	Total
					fund	funds
				Notes	f	E
INCOME AND ENDOWMENTS			FROM
Donations	and legacies				28,257	48,623
Charitable	activities
Education					2,258,043	1,696,311
Investment	income				165,124
Total					2,451,424	1,744,934
EXPENDITURE ON
Charitable	activities
Education					2,204,944	1,735,383
NET INCOME					246,480	9,551
RECONCILIATION		OF FUNDS
Total funds brought		forward			328,781	319,230
TOTAL FUNDS CARRIED FORWARD					575,261	328,781

				2021	2020
				Unrestricted	Total
				fund	funds
			Notes	E	E
FIXED	ASSETS
Tangible	assets		12	183,364	49,325
CURRENT ASSETS
Debtors			13	55,025	36,596
Investments			14		263,500
Cash at	bank			426,820	44,544
				481,845	344,640
CREDITORS
Amounts	falling due within	one year	15	(89,948)	(65,184)
NET CURRENT ASSETS				391,897	279,456
TOTAL	ASSETS LESSCURRENT LIABILITIES			575,261	328,781
NET ASSETS				575,261	328,781
FUNDS			17
Unrestricted funds				575,261	328,781
TOTAL	FUNDS			575,261	328,781

				2021	2020
			Notes	E	E
Cash flows from operating		activities
Cash generated from operations				275,595	37,462
Net cash provided by operating		activities		275,595	37,462
Cash flows from investing		activities
Purchase of tangible fixed assets				(184,531)	(17,808)
Sale of tangible fixed assets				291,212	17,000
Net cash provided by/(used	in) investing		activities	106,681	(808)
Cash flows from financing		activities
Loan repayments in year					(59,152)
Interest paid					(17,382)
Net cash provided by/(used	in) financing		activities		(76,534)
Change in cash and cash	equivalents		in
the reporting period				382,276	(39,880)
Cash and cash equivalents		at the
beginning ofthe reporting		period		44,544	84,424
Cash and cash equivalents		at the end of
the reporting period				426,820	44,544


RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM			OPERATING	ACTIVITIES
					2021	2020
					E	E
Net income for the reporting		period (as per the Statement	of
Financial Activities)					246,480	9,551
Adjustments for:
Depreciation charges					22,780	23,681
Profit on disposal of	fixed assets					(2,553)
Interest paid						17,382
(Increase)/decrease	in debtors				(18,429)	14,872
Increase/(decrease)	in creditors				24,764	(25,471)
Net cash provided	by operations				275,595	37,462
ANALYSIS OF CHANGES IN NET FUNDS
			At	1.9.20	Cash flow	At 31.8.21
				E	E	E
Net cash
Cash at bank				44,544	382,276	426,820
				44,544	382,276	426,820
Liquid resources
Deposits included in	cash
Current asset investments			263,500		(263,500)
			263,500		(263,500)
Total			308,044		118,776	426,820

DONATIONS	DONATIONS	AND LEGACIES	AND LEGACIES
							2021	2020
							E	E
Parental	donations						19,470	44,981
Other income							8,787	3,642
							28,257	48,623
INVESTMENT		INCOME
							2021	2020
							E	E
Surplus	on realization		of freehold	property	awaiting	sale	165,124
INCOME FROM CHARITABLE				ACTIVITIES
							2021	2020
			Activity				E.	E
ESFA income				Education			964,616	752,147
Local authority		income		Education			1,138,358	913,702
Dept of	education			Education			140,003	13,078
Dept for work		5 pensions		Education			1,806	17,384
Coventry	council		Education				5,750
Solihull	council		Education				7,510
							2,258,043	1,696,311

							Support
						Direct	costs (see
						Costs f	note 7)	Totals E
	Education					1,708,794	496,150	2,204,944
7.	SUPPORT COSTS
								Other
								E
	Education							496,150
	Support costs, included				in the above, are as follows:
	Other
							2021	2020
								Total
							Education	activities
							E	E
	Catering						27,643	16,355
	Rent and rates						183,935	178,808
	Water rates						2,400	596
	Waste collection						2,628	2,028
	Cleaning						31,184	11,228
	Gas &electricity						9,474	11,767
	Office costs						12,050	6,542
	Phone & mobile						13,621	14,472
	Subscriptions		&.memberships				23,042	9,801
	Legal & professional			fees			28,509	12,469
	Insurance						8,319	5,316
	Auditors fee						7,476	7,602
	Repairs & renewals						25,189	12,904
	Security							264
	Health &safety						33,366	3,617
	Bank charges		& interest				83	70
	Depreciation						22,780	23,681
	IT expenditure						54,655	36,621
	General expenses						6,958	4,973
	Loan interest		payable					17,382
	Website costs						2,838	1,270
	Profit on sale		of vehicles					(2,553)
							496,150	375,213
8.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)				is stated after charging/(crediting):
							2021	2020
							E	E
	Depreciation	-	owned	assets			22,780	23,681
	Surplus on disposal of fixed assets							(2,553)
	Auditor's fees		- statutory		audit		6,600	6,600

10.	STAFF COSTS
								2021	2020
								E	E
	Wages and salaries							1,324,096	1,026,600
	Social security costs							109,739	86,368
	Other pension costs							120,773	138,875
								1,554,608	1,251,843
	The average monthly	number	of	employees		during	the year was as follows:
								2021	2020
	Total							54	42
	One employee received emoluments				in excess off60,000 (2020: One).
11.	COMPARATIVES FOR THE		STATEMENT			OF FINANCIAL ACTIVITIES
									Unrestricted
									fund
									E
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies								48,623
	Charitable activities
	Education								1,696,311
	Total								1,744,934
	EXPENDITURE ON
	Charitable activities
	Education								1,735,383
	NET INCOME								9,551
	RECONCILIATION	OF FUNDS
	Total funds brought	forward							319,230
	TOTAL FUNDS CARRIED FORWARD								328,781

for th	e year ended 31August 2021	e year ended 31August 2021	e year ended 31August 2021	e year ended 31August 2021
12.	TANGIBLE FIXED ASSETS
					Improvements	Fixtures
					to	and	Computer
					property	fittings	equipment	Totals
					E	E	E	E
	COST
	At 1 September 2020					89,764	28,641	118,405
	Additions				147,691	10,056	26,784	184,531
	Disposals					(78,269)		(78,269)
	At 31 August 2021				147,691	21,551	55,425	224,667
	DEPRECIATION
	At 1 September 2020					57,120	11,960	69,080
	Charge for year				7,385	4,310	11,085	22,780
	Eliminated on disposal					(50,557)		(50,557)
	At 31August 2021				7,385	10,873	23,045	41,303
	NET BOOK VALUE
	At 31 August 2021				140,306	10,678	32,380	183,364
	At 31August 2020					32,644	16,681	49,325
13.	DEBTORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
							2021	2020
							E	E
	Other debtors						46,967	32,100
	Prepayments and	accrued		income			8,058	4,496
							55,025	36,596
14.	CURRENT ASSET INVESTMENTS
							2021	2020
							E	E
	Freehold property	awaiting		sale				263,500
15.	CREDITORS: AMOUNTS			FALLING DUE	WITHIN ONE YEAR
							2021	2020
							E	E
	Trade creditors						27,899	22,788
	Social security and	other	taxes				32,240	23,181
	Other creditors						15,070	12,615
	Accrued expenses						14,739	6,600
							89,948	65,184

										2021	2020
										E	E
Within one year										43,582	26,974
Between one			and five years							160,580	40,759
										204,162	67,733
MOVEMENT			IN FUNDS
										Net
										movement	At
									At 1.9.20	in funds	31.8.21
									E	E	E
Unrestricted			funds
General	fund								328,781	246,480	575,261
TOTAL	FUNDS								328,781	246,480	575,261
Net movement			in funds,		included		in	the above	are as follows:
									Incoming	Resources	Movement
									resources E	expended f	in funds E
Unrestricted			funds
General	fund								2,451,424	(2,204,944)	246,480
TOTAL	FUNDS								2,451,424	(2,204,944)	246,480
Comparatives				for movement			in funds
										Net
										movement	At
									At 1.9.19	in funds	31.8.20
									f	E	E
Unrestricted			funds
General	fund								319,230	9,551	328,781
TOTAL	FUNDS								319,230	9,551	328,781
Comparative		net		movement		in funds,		included	in the above are as follows:
									Incoming	Resources	Movement
									resources E	expended E	in funds f
Unrestricted			funds
General	fund								1,744,934	(1,735,383)	9,551
TOTAL	FUNDS								1,744,934	(1,735,383)	9,551

Detailed Statement	of Financial	Activities
for the year ended 31 August 2021
			2021	2020
			E	E
INCOME AND ENDOWMENTS
Donations and legacies
Parental donations			19,470	44,981
Other income			8,787	3,642
			28,257	48,623
Investment income
Surplus on realization	of freehold	property
awaiting sale			165,124
Charitable activities
ESFA income			964,616	752,147
Local authority income			1,138,358	913,702
Dept of education			140,003	13,078
Dept for work & pensions			1,806	17,384
Coventry council			5,750
Solihull council			7,510
			2,258,043	1,696,311
Total incoming resources			2,451,424	1,744,934
EXPENDITURE
Charitable activities
Salary costs			1,324,096	1,026,600
Socia I security			109,739	86,368
Pensions			120,773	138,875
Agency staff			22,173
Goods			3,076	8,439
Transport activities			41,651	53,096
Staff training			44,404	15,899
Student support costs			42,882	30,893
			1,708,794	1,360,170
Support costs
Other
Catering			27,643	16,355
Rent and rates			183,935	178,808
Water rates			2,400	596
Waste collection			2,628	2,028
Cleaning Gas 5electricity			31,184 9,474	11,228 11,767
Office costs			12,050	6,542
Phone 8.mobile Subscriptions 5 memberships Legal 5 professional fees			13,621 23,042 28,509	14,472 9,801 12,469
Insurance			8,319	5,316
Auditors fee			7,476	7,602
Carried forward			350,281	276,984

for the year en	ded 31August 2021
		2021	2020
			E
Other
Brought forward		350,281	276,984
Repairs & renewals		25,189	12,904
Security			264
Health &safety		33,366	3,617
Bank charges	&interest	83	70
Depreciation		22,780	23,681
IT expenditure		54,655	36,621
General expenses		6,958	4,973
Loan interest	payable		17,382
Website costs		2,838	1,270
Profit on sale	of vehicles		(2,553)
		496,150	375,213
Total resources	expended	2,204,944	1,735,383
Net income		246,480	9,551