2023-08-31-accounts - Heart Of Birmingham Vocational College Ltd

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				Page
Report of the Trustees			I	to	6
Report of the Independent Auditors			7	to	9
Statement of Financial	Activities			10
Balance Sheet
Cash Flow Statement				12
Notes to the Cash Flow Statement				13
Notes to the Financial	Statements		Ie	to	22
Detailed Statement of	Rnanclal	Activlbes	23	to	26

for the year	ended 3	1August 202	3
							2023	2022
					Unrestricted	Restncted	Total	Total
					fund	funds	funds	funds
				Notes	E	E	E	E
INCOME AND ENDOWMENTS			FROM
Donabons	and legaaes			3	54,894		54,894	44,397
Charitable	activities
Education					3,171,979	31,642	3,203,621	2,661,141
Total					3,226,873	31,642	3,258,515	2,705,538
EXPENDITURE ON
Charitable	activities			5
Educadon					3,391,260	28,287	3,419,547	2,970,341
Other					2,800		2,800	2,216
Total					3,394,060	28,287	3,422,347	2,972,557
NET INCOME/(EXPENDITURE)					(167,187)	3,355	(163,832)	(267,019)
RECONCILIATION		OF FUNDS
Total funds	brought	forward			308,242		308,242	575,261
TOTAL FUNDS CARRIED FORWARD					141,055	3,355	144,410	308,242

Balance Sheet 31August 2023
					2023	2022
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	I	I	I	I
FIXED ASSETS
Tangible assets		11	313,599		313,599	329,114
CURRENT ASSETS
Debtors		12	54,091		54,091	72,349
Cash at bank			94,010	3,356	97,366	104,416
			148,101	3,356	151,457	176,765
CREDITORS
Amounts falling due within	one year	13	(300,833)		(300,833)	(170,305)
NET CURRENT ASSETS			(152,732)	3,356	(149,376)	6,460
TOTAL ASSETS LESS CURRENT LIABILITIES			160,867	3,356	164,223	335,574
CREDITORS
Amounts falling due after	more than one year	14	(19,813)		(19,813)	(27,332)
NET ASSETS			141,054	3,356	144,410	308,242
FUNDS		17
Unrestricted funds					141,054	308,242
Restrkted funds					3,356
TOTAL FUNDS					144,410	308,242

==> picture [71 x 6] intentionally omitted <==

					2023	2022
				Notes	E	E
Cash flows from operating		activities
Cash generated from operations				I	45,092	(155,475)
Interest element of hire purchase payments
paid					(2,800)	(2,216)
Net cash provided by/(used in)		operating	activities		42,292	(157,691)
Cash flows from Investing	activities
Purchase of tangible fixed a~ts					(41,823)	(199,563)
Net cash used in investing act(vitles					(41,823)	(199,563)
Cash flows from financing	activities
Capital repayments in year					(7,519)	34,850
Net cash (used in)/provided	by	financing	acbvtties		(7,519)	34,850
Change In cash and cash	equivalents			In
the reporting period					(7,050)	(322,404)
Cash and cash equivalents		at the
beginning ofthe reporting		period			104,416	426,820
Cash and cash equivalents		at the end		of
the reporting period					97,366	104,416

year ended 31Augu	st 2023	st 2023	st 2023	st 2023
RECONCILIATION	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
			2023	2022
			E	E
Net expenditure	for the reporting period (as per the Statement of
Financial Activities)			(163,832)	(267,019)
Adjustments for:
Depreciation charges			57,338	53,813
Interest element of	hire purchase	and finance lease rental payments	2,800	2,216
Decrease/(increase)	in debtors		18,258	(17,324)
Increase in creditors			130,528	72,839
Net cash provided	by/(used	in) operations	45,092	(155,475)
ANALYSIS OF CHANGES IN NET FUNDS
		At 1.9.22	Cash flow	At 31.8.23
		E	E	E
Net cash
Cash at bank		104,416	(7,050)	97,366
		104,416	(7,050)	97,366
DBI&t
Finance leases		(34,850)	7,519	(27,331)
		(34,850)	7,519	(27,331)
Total		69,566	469	70,035

Fixtures	and fithngs	20% on cost
Motor vehicles		20% on cost
Computer	equipment	20% on cost

DONATIONS	AND LEGACIE	S
				2023	2022
				E	E
Parental donations				37,268	35,906
Other income				17,626	8,491
				54,894	44,397
INCOME FROM CHARITABLE ACTIVITIES
				2023	2022
		Activity		E	E
ESFA income		Education		1,409,821	1,063,755
Local authority	income	Education		1,587,525	1,418,174
Dept of education		Education		111,208	118,476
Dept for work	&pensions	Education		20,990	44,251
Sokhull council		Educabon		18,639	10,735
Hereford Council		Education			5,750
Waisall council		Educabon		10,062
Worcestershire	coundl	Education		t3,734
Other resblcted	income	Education		31,642
				3,203,621	2,661,141
CHARITABLE	ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 6)	Totals
			E	E	E
Education			2,688,510	731,037	3,419,547

							Other
							E
	Education						731,037
	Support costs, included			in	the above, are as follows:
	Other
						2023	2022
							Total
						Education	activities
						E	E
	Catering					65,551	52,340
	Marketing					1,784	8,620
	Rent and rates					332,354	247,624
	Water rates					3,304	1,736
	Waste collecbon					8,367	6,943
	Cleaning					42,674	36,779
	Gas & electricity					10,003	11,964
	Office costs					17,437	19,894
	Phone & mobile					16,629	t3,69t
	Subscriptions	&. memberships				32,138	22,889
	Legal & professional		fees			22,263	16,019
	Insurance					14,230	10,298
	Auditors fee					10,714	14,837
	Repairs & renewals					7,555	18,413
	Health & safety					31,232	28,854
	Bank charges	& interest				162	149
	Depreciation					57,338	53,814
	IT expenditure					57,302	56,940
	General expenses						553
						731,037	622,357
7,	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)				is stated a&er charging/(credibng)i
						2023	2022
						E	E
	Depreciation	- owned	assets			57,338	53,813
	Auditor's fees	- statutory			audit	6,600	6,600

STAFF COSTS
					2023	2022
					E	E
Wages and salaries					2,128,612	1,749,535
Social security costs					198,649	155,143
Other pension costs					191,642	169,493
					2,518,903	2,074,171
The average monthly	number	of employees	during	the year was as follows;
					2023	2022
Total					81	70

				Unrestricted	Restricted	Total
				fund	fund	funds
				E	E	E
INCOME AND ENDOWMENTS			FROM
Donations	and legades			42,397	2,000	44,397
Charitable	activities
Education				2,661,141		2,661,141
Total				2,703,538		2,705,538
EXPENDITURE ON
Charitable	activities
Education				2,968,341	2,000	2,970,341
Other				2,216		2,216
Total				2,970,557	2,000	2,972,557
NET INCOME/(EXPENDITURE)				(267,019)		(267,019)
RECONCILIATION		OF FUNDS
Total funds	brought	forward		575,261		575,261
TOTAL FUNDS CARRIED FORWARD				308,242		308,242

TANGIBLE F	I	XEDA	SS	E	TS
					Improvements	Hxtures
					to	and	Motor	Computer
					pl'operty	fittlngs	vehicles	equipment	Totals
					E	E	E	E	E
COST
At I September		2022			192,238	71,085	92,054	68,853	424,230
Addrbons					21,375	3,896	5,500	11,052	41,823
At 31August	2023				213,613	74,981	97,554	79,905	466,053
DEPRECIATION
At I September		2022			16,997	24,562	18,411	35,146	95,116
Charge for year					10,681	13,445	19,511	13,701	57,338
At 31August	2023				27,678	38,007	37,922	48,847	152,454
NET BOOK VALUE
At 31 August	2023				185,935	36,974	59,632	31,058	313,599
At 31August	2022				175,241	46,523	73,643	33,707	329,114
DEBTORS: AMOUNTS				FALLING DUE WITHIN ONE YEAR
								2023	2022
								E	E
Trade debtors									1,400
Other debtors								44,699	61,621
Prepayments	and accrued				income			9,392	9,328
								54,091	72,349
CREDITORS:		AMOUNTS			FALLING DUE WITHIN	ONE YEAR
								2023	2022
								E	E
Hire purchase	(see note			15)				7,518	7,518
Trade creditors								53,305	50,545
Sooal security		and other		taxes				47,396	83,447
Other creditors								17,805	22,195
Accruals and	deferred		income					174,809	6,600
								300,833	170,305

for th	e year ended 31August 202	e year ended 31August 202	e year ended 31August 202	e year ended 31August 202	3
14.	CREDITORSi AMOUNTS					FALLING DUE AFTER MORE THAN ONE YEAR
								2023	2022
								E	E
	Hire purchase		(see note 15)					19,813	27,332
15.	LEASING AGREEMENTS
	Minimum	lease		payments	fall due as follows.
								Hire purchase	contracts
								2023	2022
								E	I
	Net obligations			repayable:
	Within one year							7,518	7,518
	Behveen	one	and five years					19,813	27,332
								27,331	34,850
								Non-cancellable	operating
								leases
								2023	2022
								I	E
	Within one year							43,393	50,564
	Behveen	one	and five years					74,016	110,016
								117,409	160,580
16.	SECURED DEBTS
	The following		secured debts			are Induded	within uedttors;
								2023	2022
								E	E
	Hire Purchase							27,331	34,850
17.	MOVEMENT		IN FUNDS
								Net
								movement	At
							At 1.9.22	in funds	31,8.23
							E	E	E
	Unrestricted		funds
	General	fund					308,242	(167,188)	141,054
	Restricted funds
	Screwflx	Foundation						2,346	2,346
	Food Legends							1,010	1,010
								3,356	3,356
	TOTAL	FUNDS					308,242	(163,832)	144,410

							Incoming	Resources	Movement
							resources	expended	in funds
							E	E	E
Unrestricted	funds
Genera I fund							3,226,873	(3,394,061)	(167,188)
Restricted	funds
Windles Community			Hub				17,895	(17,895)
Screwflx Foundation							4,400	(2,054)
NNS Seed Sensation							7,500	(7,500)
Food Legends							1,847	(837)	1,010
							31,642	(28,286)	3,356
TOTAL FUNDS							3,258,515	(3,422,347)	(163,832)
Comparatives		for	movement		in funds
								Net
								movement	At
							At 1.9.21	in funds	31.8.22
							E	E	E
Unrestricted	funds
General fund							575,261	(267,019)	308,242
TOTAL FUNDS							575,261	(267,019)	308,242
Comparative	net	movement		in	funds,	induded	in the above are as follows:
							Incoming	Resoui'ces	Movement
							resources	expended	in funds
							E	E	E
Unrestricted	funds
General fund							2,703,538	(2,970,557)	(267,019)
Restricted	funds
The Hargreaves		Foundation					2,000	(2,000)
TOTAL FUNDS							2,705,538	(2,972,557)	(267,019)

Heart of Birmingham	Heart of Birmingham	Heart of Birmingham	College
Limited
Detailed Statement af Financial			Activities
for the year ended 31August 2023
				2023	2022
				E	E
INCOME AND	ENDOWMENTS
Donations and		legacIes
Parental donabons				37,268	35,906
Other Income				17,626	8,491
				54,894	44,397
Charitable activities
ESFA income				1,409,821	1,063,755
Local authority	income			1,587,525	1,418,174
Dept of education				111,208	118,476
Dept for work &		pensions		20,990	44,251
Sobhull council				18,639	10,735
Hereford Council					5,750
Walsag council				10,062
Worcestershire	council			13,734
Other restncted		income		31,642
				3,203,621	2,661,141
Total incoming		resources		3,258,515	2,705,538
EXPENDITURE
Charitable activities
Salary costs				2,128,612	1,749,535
Social securlly				198,649	155,143
Pensions				191,642	169,493
Agency staff				19,036	58,137
Goods				15,870	12,299
Transport activities				69,246	81,019
Staff training				15,799	30,595
Student support		costs		49,656	91,763
				2,688,510	2,347,984
Other
Hire purchase				2,800	2,216
Support costs
Other
Catering				65,551	52,340
Marketing				1,784	8,620
Rent and rates				332,354	247,624
Water rates				3,304	1,736
Waste callecbon				8,367	6,943
Cleaning				42,674	36,779
Gas lk electricity				10,003	I1,964
Office costs				17,437	19,894
Phone lk mobile				16,629	13,691
Subscrlptlons &		memberships		32,138	22,889
Carried forward				530,241	422,480

for the year ended 3	1August 2023
		2023	2022
		6	6
Other
Brought forward		530,241	422,480
Legal tk professional	fees	22,263	16,019
Insurance		14,230	10,298
Auditors Fee		10,714	14,837
Repairs & renewals		7,555	18,413
Health 8r safety		31,232	28,854
Bank charges 8.Interen		162	149
Depreciation		57,338	53,814
FT expenditure		57,302	56,940
General expenses			553
		731,037	622,357
Total resources expended		3,422,347	2,972,557
Net expenditure		(163,832)	(267,019)