|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.|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||31.12.22|31.12.21| |---|---|---|---|---|---| |||||Unrestricted|Total| |||||";md|funds| ||||Notes||6| |INCOME AND ENDOWMENTS FROM|||||| |Donations and legacies||||815|6.062| |Charitable
activities|||||| |tsenersi||||864376|587,288| |Investment
income||||30|| |Total||||~865 121|593.351| |EXPENDITURE ON|||||| |Raising funds||||22481|11.450| |Charitable
activities|||||| |General||||~776 109|~537466| |Total||||798 590|548,916| |NETINCOME||||66.531|44.435| |RECONCILIATION||OFFUNDS|||| |Total funds brougln|forward|||343.108|298.67| |fOTAL FUNDS CARRIED FORWARD||||409.639|343 108| ## |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| ## |ANALYSIS OFCHANGES IN NET F|UNDS||| |---|---|---|---| ||sd 1.1.22|Cash flow|At 31.12.22| |1%etcash|||| |Cash atbank|~298966|198068|497 034| ||'98.966|198,068|497.034| |Total|298966|198068|~497 034| ## ## ## ## ## ## ## |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| ## |||||Unrestricted| |---|---|---|---|---| |||||f| |INCOME|AND ENDOWMENTS FROM|||| |Donations|and legacies|||6.062| |Charitable|activities|||| |general||||| |mvesunent|mcome|||| |Total||||593.351| |EXPENDITURE ON||||| |Raisum funds||||11.450| |Charitable|activities|||| |General||||~537466| |Total||||548,916| |NET INCOME||||44.435| |RECONCILIATION|||OFFUNDS|| |Total funds|bmupht|forward||| |TOTAL FUNDS CARRIED FORWARD||||343.108| ## |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| ## |||||Net|| |---|---|---|---|---|---| ||||At 1.1.21|movement
in funds|At
31.1"."'| ||||f||f.| |Unrettricted||funds|||| |trenerat|fund||298,673|110,966|409,639| |TOTAL|FUNDS||~298673|~110966|~40963v| ||||Resources|Movemess| |---|---|---|---|---| ||||exaended
f|in fund;
f| |Unrestricted|funds|||| |General fund||1,458,472|(1,347,506)|110,966| |TOTAL FUNDS||1~458472|(1~347 506|110.966| ## |||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| |li'inance||| |---|---|---| |governance|cosm|| |Accountancy||| |Consultancy|fees|| |iegm ano professional||fees| |Total resources|expended|| |Net income||| |:1.12.22|31.12.21| |---|---| |3,860|5,363| |2,194
~7611|3,089
1976| |13,665|~10428| |798590|548,9to| |~66 531|~44 435|