2022-12-31-accounts - Arise Education

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Report ofthe Trustees		I	to	6
Independem Exsmina's	Reoort
Statement ofFinancial	Activities
Balance Sheet		9	to	10
Cash Flow Statement
Notes to the Cash Flow Statement			12
Notes to the Financial	Statements	13	to	19
Detailed Statement ofFinancial Activities		20	to	21

As previously stated, prior to joining VLC, 84% our stu exclusion statistics are just 3%.	dents have been excluded or suspende
2022 has been abig veer for VLC.As Trustees, and School	Governors. we are oroud to nresent this
revieu ofthe veer.
the aims ofVLC areto:
-be acalm place where all pupils, staff aud volunteers feel	safe, happy, respected and cared for
and have a sense ofbelonging and pride in VLC as a community;
-change the lives ofyoung people through our therapeutic	approach to education;
-encourage each pupil to leam how to leam, use their imaginations, be reflective, have firn, and
celebrate their achievements;
-use every day to the full, ensuring that all pupils are supported and able to leam atalevel
appropriate to their daily utnque needs; -help each individual pupil to fulfll his/her academic potential, asa step up to become the very
best they can be.
-promote good working relationships between all who work/volunteer at VLC, and a strong
partnership with the parents, schools, the local authority,	and the wider community
2022 has been aveer oftransition in terms ofour leadership	and our strategic priorities. Our
School Imnrovement aml Development Plan is split up into	seven areas, which we will review
below.

Balance Sheet 3 camber 202
		31.12.22	31.12.21
		Unrestricted	Total
		.JGd	funds
	Notes
FIXEDASSETS
Tansible assets	12	4.221	3.754
CURRENT ASSETS
Debtors	13	364,312	144,895
1'ash atbank		~497034	298966
		861.346	443.861
CREDITORS
Amounts faUing due within one year	14	(455,928)	(104,507)
NET CURRENT ASSETS		405418	339,354
fOTAL ASSETSLESSCURRENT IIABILITIES		409639	343,108
NET ASSETS		409.639	343 108
FUNDS
unrestricted ftmds		~409639	~343 108
TOTAL FUNDS		409,639	343108

C~~F St
forth YearE ded31 Decem		2
				31.12.22	31.12.21
			Notes		6
Cash flows from operatbsg	activities
Cash generated fmm operations				200,261	45,143
fax paid					444
Net cash provided by operating		activines		~200261	45,587
Cash flows from investing	activities
Purchase oftangible flxed assets				(2323)
Interest received				30
Net cash (used in)/provided	by investing		activities	~2193)
Change in cash and cash equivalents			in the
reporting period				198,068	45,588
Cash and cash equivalents	at the beginning
ofthe reporting period				298966	253 378
Cash and cash equivalents	at the end		ofthe
reporting period				~497034	298966

othe Cash Flow S tement e ember 20	othe Cash Flow S tement e ember 20
RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM AC~8		OPERATING
		-'1.12.22	31.12.21
¹tincome for the	reporting period (as per the Statement ofFinancial	2	6
Activities i		66.531	44.435
Adjustments for:
Depreciation charges		1,756	1,423
interest received		(30)	(1)
Decrease in stocks			3,400
Increase in debtors		(219,417)	(100,758)
Increase in creditors		~351421	~9664»
Net cash provided	by operations	~200 261	45,143

DONATI	ONS AND LEGAC	IES
			31.12.22	31.12.21
Donauons			93	1,500
Chants			722	~4562
			815	6,062
trrants received. included in the above. are as follows:
			31.12.22	31.12.21
General			722	~4562
INVESTMENT INCOME
			31.12.22	31.12.21
			f,
Interest receivable - trading			30	1
rNCOME FROM CHARITABLE ACTIVITIES
			31.12.22	31.12.21
		Activitv	f
Learning	centre mcome	General	864,276	587,288
RAISING FUNDS
Other trading activities
			31.12.22	31.12.21
			f
Opening	stock			3,400
Purchases			20,725	6,627
~preciauon			~l/56	~1423
			22,481	11450

Notes for	tothe Financial Statements - continued e Ended 31December 202	tothe Financial Statements - continued e Ended 31December 202	tothe Financial Statements - continued e Ended 31December 202	tothe Financial Statements - continued e Ended 31December 202	tothe Financial Statements - continued e Ended 31December 202	tothe Financial Statements - continued e Ended 31December 202
6.	CHARITABLE ACTIVITIES COSTS
														Support
														,Oars tsee
														note 7)
	General													776109
	WPPORT COSTS
										wovemauce
							Management			Finance	costs			Totals
										f	f			f
	General							761,529		915	13,665			776,109
	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is	stated	after	charging/(crediting):
										31.12.22				31.12.2i
	Depreciation - owned assets										1,756			1 423
9,	TRUSTEES' REMUNERATION				AND BENEFITS
											31.12.22			31.12.21
	Trustees' salaries										~1103			6.950
	Trustees' expenses
	Bere were no	tmstees'		expenses		paid	for the	year	ended	31December2022	nor	for	the	year ended
	31December 2021.
10.	STAFFCOSTS

STAFFCOSTS
			31.12.22	31.12.21
Wiages and salmies			448,515	366,849
uncial security costs Other pension costs			31,338 56827	23,204 ~7905
			~536 680	~397 958
ttre averaae monthly	number ofemployees	during the year was as follows;
			31.12.22	31.12.21
Geneml administration			26	28

12.	TANCIBLX FIXEDASSETS
			Fixtures
		Plant and	slid
		f,	nmngs I	Totals f.
	COST
	At 1 January 2022	4,434	23,108	27,542
	Additions		2 223	~2223
	At31December 2022	4.434	25.331	29.765
	DEPRECIATION
	At 1 January 2022	4,434	19,354	23,788
	Charge for year		1756	1.756
	At 31December 2022	4.434	21.110	25.544
	NET BOOKVALUE
	At 31December 2022		~4221
	At 31December 2021		~3754	~3754
13.	DEBTORS:AMOIJNTS FALLINC DUE WITHIN ONE YEAR
			31.1222	31.12.21
	Trade debtors		354,133	136,080
	Other debtors		42	924
	Prepayments and accrued income		10,137	7,891
			364312	~144895
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.12.22	31.12.21
	Trade creditors		14.664	248
	Social security and other taxes		9,411	2,451
	Other creditors		10	665
	Accruals and deferred income		~431843	101143
			~455 928	104507

MOVEMENT	IN FUNDS
					Net
					tnovemettl	At
					in fimds	31.12.22
						f.
Unrestricted	funds
General fund				343,108	66,531	409,63v
TOTAL FUNDS				343.108	66,531	409.639
Net movement	in funds. included in the above			are as iduoun.
				Incoming	Resources	Movement
				.esources	expended	in funds
						E,
Unrestricted	fands
General ihnd				865,121	(798,590)	66,531
				865,121	~798590	66,531
Comnaratives	for movement		in hmae
					Net
					movement	At
				At 1.1.21	in funds	31.12.21
Unrestricted	funds
General fund				298,673	44,435	343,108
TOTAL FUNDS				298,673	44,435	343,108
Comparative	net movement	in	fimds. included	in the above are as fo?lon c
					Resources	Movement
					expended	in funds 6
Unrestricted	fends
General fund				593,351	(548,916)	44,435
				593.351	548916	~44 435

		31.12.22	31.12.21
			6
82ICOME AND ENIIOWMENTS
lionattons and	legacies
Donations		93	1.5m:
Grants		722	4,562
			6.062
Investment income
Interest receivable - tradum		30
Charitable activiiics
L,earning canna	mcome	~864276	587288
Total incoming	resources	865,121	593,351
Other trading	activines
Opening work in progress			3,400
Pmchases		20.725	6.627
Depreciation oftangible fixed assets		1,756	1,423
		22,481	11,450
Support costs
Management
Tntstees' salaries		1.103	6.950
Wages		447,412	359,899
Social security		31,338	23.204
Pensions		56 827	7.905
Insurance		11370	9,792
Telephone		679	2,099
Postage and stationery		7483	7,597
Sundries		1,923	1,329
Subcontract cost		84,629	42,425
Room hire and catering		64,736	48,857
Travel and subsistence		35,783	8,485
Stafftraining	aud welfare	14,257	3,748
Computer costs		1,233	3,593
Subscriptions		2,856	485
		761.529	526.368
Finance
Bank charges		915	670