2023-07-31-accounts - Black Mountains College Project

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Directors/Trustees	Directors/Trustees
			Dr William Newton-Smith	(Resigned 21 June 2023)
			Chris Blake
			Mari Fforde (Resigned 21	June 2023)
			Havard Prosser
			George Littlejohn
			Karl Wills
			Shirish Kulkarni
			Alice Taherzadeh
			Keri Facer (Resigned 5 November		2023)
			Sophie Howe (Appointed	21 June	2023)
Registered	Office		Unit 3 Great House Barns
			New Street
			Talgaith
			Brecon
			LD3 OAH
Registered	Charity Number		1180681
Registered	Company	Number	11193702
Reporting	Accountants		W JJames k, Co Bishop House
			10Wheat Street
			Brecon
			Powys
			LD3 7DG
Bankers			Barclays Bank Pic
			Worcester 2
			Leicestershire
			England
			LE872BB

YEAR ENDED 3	1 JULY 2	023
				Unresttxcted	Restricted	Year Ended 31	Period	fro&n	1 Mar
				Funds	Funds	July 2023	2021 to 31 Jul
			Note	g	g
Incoming From: Donations				9,796		9,796			80,616
Charitable Activities Grants and contracts Higher and Further Treherbert Income	Education	income		76,100 168,553 29,617	309,995	386,095 168,553 29,617		296,817 73,342
Investment income Interest received Other income				471 6,572		471 6,572			24 7,775
Total Income				291,109	309,995	601,104		458,574
Expenditure On: Charitable activities				314,769	268,81]	583,580		446,383
Total Expenditure				314,769	268,811	583,580		446,383
Net Income/(expenditure)				(23,660)	41,184	17,524			12,191
Transfers between	funds			24,516	(24,516)
Net Movement in funds				856	16,668	17,524			12,191
Total funds at start	ofperiod			56,499	93,436	149,935			137,744
Total funds at end ofperiod				57355	110104	167,459			149,935

AS AT 31JULY 2	023
			Year ended 31	Period ended 31
			July 2023	July 2022
		Note	f
Fixed Assets Tangible fixed assets		10	38,859	10,171
Investments		11	36,000 74,859	10,171
Current Assets Debtors Cash at bank		12	64,282 302,303 366,585	2,450 199,859 202,309
Creditors: Amounts due within one year Net Current assets	falling	13	(77,032) 289,553	(2,545) 199,764
Total assets less current liabilities			364,412	209,935
Creditors; Amounts more than one year	falling due after	14	(196,953)	(60,000)
Net assets			167,459	149,935
Funds
Unrestricted funds General funds Restricted funds		15 15	57,355 110,104	56,499 93,436
			167,459	149,935

dd31Jl
For year ene uy					Period from I
		Unrestricted	Restricted	Year ended 31	Mar 2021 to 31
		Funds	Funds	July 2023	Jul 2022
National Lottery Community Fund Powys County Council HMRC JRSGrant MWMG DWP Garfield Weston C FIn Wales Mark Leonard Trust The A Team Foundation The Prince's Countryside Fund Brecon Beacons Natinoal Park Powys County Council -UK Community Carnelian Trust Welcome To Our Woods WCVA - Landfil Grant The Roddick Foundation	Renewal F	46,100 30,000	134,546 23,000 11,000 35,148 66,587 24,714 15,000	134,546 46,100 23,000 11,000 35,148 30,000 66,587 24,714 15,000	42,518 56,734 3,503 13,970 6,175 90,000 15,000 30,000 23,000 11,000 4,917
		76,100	309,995	386,095	296817
For period ended 31July 2022
				Period from 1
		Unrestricted	Restricted	Mar 2021 to 31	Year ended 28
		Funds	Funds	JUI 2022	February 2021
			g	g
National Lottery Community Fund			42,518	42,518	59,625
Arwain Rural Development Programme Leader Plus European Funds Powys County Council HMRC JRSGrant MWMG DWP Garfield Weston CFIn Wales Mark Leonard Trust The A Team Foundation The Prince's Countryside Fund Brecon Beacons Natinoal Park		3,503 90,000 30,000	56,734 13,970 6,]75 15,000 23,000 11,000 4,917	56,734 3,503 13,970 6,175 90,000 15,000 30,000 23,000 11,000 4,917	34,823 10,000 12,777
		123,503	173314	296,817	117,225


Other income				Period from I
	Unrestricted	Restricted	Year ended 31	Mar 2021 to 31
	Funds	Funds	July 2023	Jul 2022 f
Training services Employment Allowance Other income	275 6,225 72		275 6,225 72	7,775
	6,572		6,572	7,775

reerert nc	me				Period from 1
		Unrestricted	Restricted	Year ended 31	Mar 2021to 31
		Fundsf	Funds	July 2023 f	JIII2022
Income Rent and grazing Rural Payments	Wales - Subsidies	493 18,830 10,294		493 18,830 10,294
		29,617		29,617

31l	2023
For year ended Juy						Period from 1
	Marketing	Wages & salaries	Direct costs	Support cost	Year ended 31 July 2023	Mar 2021 to31 Jul 2022
			g		g
Establishment ofa college of higher and	30,723	317,002	139,135	90,800	577,660	441,763
further education
Governance			5,920		5,920	4,620
	30,723	317,002	145,055	90,800	583,580	446,383

		lt	incurred
Allocation is b	ased on	actua coss					Period from 1
						Year ended 31	Mar 2021 to31
Support costs						July 2023	Jul 2022
Premises costs Office costs Other costs Legal & Professional		Fees				7,712 8,166 29,309 45,613	7,318 57,235 7,815
						90,800	72,368
For period ended 31		July 2022				Period from 1
			Wages & salaries	Direct costs	Support cost	Mar 2021 to31 Jul2022	Year ended 28 Feb 2021
						g
Establishment ofa college of higher and further education Governance			217,426	151,969 4,620	72,368	441,763 4,620	162,889 1,664
			217426	156589	72,368	446,383	164,553
Allocation is based on actual costs			incurred
						Period from 1
						Mar 2021 to31	Year ended 28
Support costs						Jul 2022	Feb 2021 6
Premises costs Office costs Other costs						7,318 57,235 7,815	2,521 15,954 248
						72,368	18,723

Netincome for the year
		Period from 1
	Year ended 31	Mar 2021to31
This is stated after charging:	July 2023	Jul2022
Independent examiner's fees -for independent examination -for other accountancy services	2,485 3,435	1,940 2,680
Trustees remuneration
Payment ofTrustees' travel expenses nil (2022:Nil)

Staff costs and numbers
		Period from 1
	Year ended 31	Mar 2021 to31
The aggregate payroll costs were:	July 2023	JUI2022
Wages and salaries Social security costs Pension Staff Training Other staff costs	275,578 21,210 5,296 3,279 11,639 317,002	199,507 14,317 3,602 217426

The average weekly number ofemployees	The average weekly number ofemployees	was	as follows: Period from I	as follows: Period from I
			Mar 2021	to31
			Jul	2022
				No.
				11
Charitable	activities
		20

9	Comparative Statement ofFinancial Activity figures		Unrestricted	Restricted	Period from I
			Funds	Funds	Mar 2021 to 31
					g
	Incoming From: Donations		68,616	12,000	80,616
	Charitable Activities Grants and contracts Higher and Farther Education income Investment income Other income		123,503 73,342 24 7,775	173,314	296,817 73,342 24 7,775
	Total Income		273,260	185314	458,574
	Expenditure On: Charitable activities		263,382	183,001	446,383
	Total Expenditure		263,382	183001	446,383
	Net Income/(expenditure)		9,878	2,313	12,191
	Total funds at start ofperiod		61,243	76,501	137,744
	Total funds at end ofperiod		71,121	78814	149,935
10	Tangible Fixed Assets	Fixtures	Office	Motor
		and fittings	Equipment	Vehicles	Total
	COSTOR VALUATION At 1 August 2022 Additions	13,561 8,278	10,073	25,495	13,561 43,846
	At 31 July 2023	21,839	10073	25,495	57,407
	DEPRECIATION At 1 August 2022 Charge for the year	3,390 5,460	3,324	6,374	3,390 15,158
	At 31 July 2023	8 850	3,324	6,374	18548
	NET BOOK VALUE At 31 July 2023	12,989	6,749	19,121	38,859
	At 31 July 2022	10,171			10 171

Investments
			Year ended	Period ended
			31/07/2023	31/07/2022
Investment	tn subsidiary	undertaking	36,000
				Total
COST OR	VALUATION
At I August Additions	2022			36,000
At 31 July	2023			36,000
NET BOOK VALUE
At 31 July	2023			36OOO
At 31 July	2022

					Year ended	Period ended
					31/07/2023	31/07/2022
						f
Other Social	debtors security	and	other	taxes	64,282	13 2,437
					64,282	2,450

	Cditt flli		duewithin	oneyear
13	reors: amouns a	g					Year ended	Period ended
							31/07/2023	31/07/2022
								6
	Loans and borrwings Creditors Accruals and deferred income						24,847 1,309 6,707	750
	Social security and other Other creditors	taxes					6,464 1,705	1,795
	Amount due to subsidiary	undertaking					36,000
							77032	2,545
14	Creditors: amounts falling		due after	more than one	year		Year ended	Period ended
							31/07/2023	31/07/2022
	Loans and borrowings						196,953	60,000
							196953	60000
15	Movement in funds
	Foryear ended 31July	2023		At 01-Aug-22	Incoming resources	Outgoing resources	Transfers	At 31-Jul-23
						g
	Restricted funds Welcome To Our Woods National Lottery Community		Fund	23,507	66,587	(19,928)	(23,507)	46,659
	National Lottery Circular Building Full Circle Climate Boost Welsh Water	Economy		8,382 8,297 10,000	134,546	(115,983) (8,382) (6,886)	(8,297)	18,563 3,114
	Powys County Council -		UK
	Community Renewal Fund Department ofWork and Pensions Ashley Family Foundation The A Team Foundation The Prince's Countryside Fund Wales Council for Voluntary Action The Roddick Foundation			625 15,000 23,000 4,625	35,148 23,000 11,000 24,714 15,000	(35,148) (12,264) (21,179) (22,067) (25,584) (1,390)	(625) 6,442 1,471	2,736 24,821 601 13,610
				93,436	309,995	(268,811)	(24,516)	110,104
	Unrestricted funds General funds			56,499	291,109	(314,769)	24,516	57,355
				56,499	291,109	(314,769)	24,516	57,355
	Total funds			149,935	601,104	(583,580)		167,459

Movement in funds (Condnued)
For period ended 31 July 2022	At 01-Mar-21	Incoming resources	Outgoing resources	Transfers	At 31-Jul-22
		g
Restricted funds National Lottery Community Fund	16,296	42,518	(35,307)		23,507
Arwain Rural Development
Programme Leader Plus European Funds Full Circle Climate Boost Welsh Water	(4,795) 50,000 15,000	29,817 10,000	(25,022) (41,618) (6,703)		8,382 8,297 10,000
BeThe Earth Powys County Council Department ofWork and Pensions Ashley Family Foundation The A Team Foundation The Prince's Countryside Fund Brecon Beacons National Park		2,000 40,887 6,175 15,000 23,000 11,000 4,917	(2,000) (54,106) (5,550) (6,375) (6,320)	13,219 1,403	625 15,000 23,000 4,625
	76,501	185,314	(183,001)	14,622	93,436
Unrestricted funds General funds	61,243	273,260	(263,382)	(14,622)	56,499
	61,243	273,260	(263,382)	(14,622	56,499
Total funds	137,744	458,574	(446,383)		149,935