|||||Page||
|---|---|---|---|---|---|
|Report of the Trustees|||I|to|6|
|Report of the Independent<br>Auditors|||7|to|9|
|Statement<br>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<br>of|Rnanclal|Activlbes|23|to|26|





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|for the year|ended 3|1August<br>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<br>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<br>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<br>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<br>funds|||||141,054|308,242|
|Restrkted<br>funds|||||3,356||
|TOTAL FUNDS|||||144,410|308,242|






||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes|E|E|
|Cash flows from operating||activities|||||
|Cash generated<br>from operations||||I|45,092|(155,475)|
|Interest element of hire purchase<br>payments|||||||
|paid|||||(2,800)|(2,216)|
|Net cash provided<br>by/(used<br>in)||operating|activities||42,292|(157,691)|
|Cash flows from Investing|activities||||||
|Purchase<br>of tangible<br>fixed a~ts|||||(41,823)|(199,563)|
|Net cash used<br>in investing<br>act(vitles|||||(41,823)|(199,563)|
|Cash flows from financing|activities||||||
|Capital repayments<br>in year|||||(7,519)|34,850|
|Net cash (used in)/provided|by|financing|acbvtties||(7,519)|34,850|
|Change<br>In cash and cash|equivalents|||In|||
|the reporting<br>period|||||(7,050)|(322,404)|
|Cash and cash equivalents||at the|||||
|beginning<br>ofthe reporting||period|||104,416|426,820|
|Cash and cash equivalents||at the end||of|||
|the reporting<br>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<br>period (as per the Statement of||||
|Financial Activities)|||(163,832)|(267,019)|
|Adjustments<br>for:|||||
|Depreciation<br>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<br>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|





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## 

## 

## 

|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<br>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<br>council||Educabon||18,639|10,735|
|Hereford<br>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<br>& 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<br>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<br>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<br>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<br>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<br>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<br>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|Vocabonal|College|||
|---|---|---|---|---|---|---|
|Limited|||||||
|Detailed Statement af Financial||||Activities|||
|for the year ended 31August 2023|||||||
||||||2023|2022|
||||||E|E|
|INCOME AND|ENDOWMENTS||||||
|Donations<br>and||legacIes|||||
|Parental<br>donabons|||||37,268|35,906|
|Other Income|||||17,626|8,491|
||||||54,894|44,397|
|Charitable<br>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<br>council|||||18,639|10,735|
|Hereford<br>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<br>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<br>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<br>lk mobile|||||16,629|13,691|
|Subscrlptlons<br>&||memberships|||32,138|22,889|
|Carried forward|||||530,241|422,480|





|for the year ended 3|1August 2023|||
|---|---|---|---|
|||2023|2022|
|||6|6|
|Other||||
|Brought<br>forward||530,241|422,480|
|Legal tk professional|fees|22,263|16,019|
|Insurance||14,230|10,298|
|Auditors<br>Fee||10,714|14,837|
|Repairs & renewals||7,555|18,413|
|Health<br>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<br>expended||3,422,347|2,972,557|
|Net expenditure||(163,832)|(267,019)|