2021-07-31-accounts

			Page
Reference and Administrative Details
Report ofthe Trustees		2	to	6
Governance Statement		7	to	10
Statement on Regularity, Propriety	and Compliance
Statement ofTrustees' Responsibilities			12
Report ofthe Independent Auditor		13	to	15
Independent Accountant's Report	on Regularity		16
Statement ofFinancial Activities			17
Balance Sheet			18
Cash Flow Statement			19
Notes to the Cash Flow Statement			20
Notes to the Financial Statements		21	to	31

MEMBERS:		A Clinton	(appointed	(appointed		17.11.20)
		TBrennan		(resigned		17.11.20)
		M Sartin
		A Cornish
TRUSTEES		SLorenzato
		SKRayatt
		K O' Sullivan Chair
		TBrennan		(appointed		17.11.20)
REGISTERED OFFICE		Great Oaks		College
		Gresham Road
		Hounslow
		Middlesex
		TW3 4BX
REGISTERED COMPANY		11074784	(England		and Wales)
NUMBER
SENIOR STATUTORY AUDITOR		lan S Anderson
AUDITOR		lan SAnderson
		Chartered	Accountant			&Statutory Auditor
		Chartam House
		16College		Avenue
		Maidenhead
		Berkshire
		SL66AX
SOLICITORS		Browne Jacobson
		Mowbray	House
		Castle Meadow Road
		Nottingham
		NG2 1BJ
SENIOR MANAGEMENT	TEAM	N Thomas		- Headteacher
		RMurr		-Assistant		Headteacher
		LDavies		-Assistant		Headteacher
		P Jalan		-Business		Manager

Key performance	Indicator		Measure/Target	Actual for 2020/21
Student number	targets		70	69
Student achievement/progression			Good Progress	Good Progress
Students having	received work experience		24	24
Ofsted rating	-assessed at first monitoring	visit	Good	Significant progress in all three areas

				Board attendance
Trustees	Date ofAppointment	Term ofoffice	Committees served	2020/21
			Board, Finance,
			audit resources &
SRayatt	21.11.2017/17.10.20	3 years	committee	2/3
			Board, Finance
			audit &resources
S Lorenzato	21,11.2017/17.10.20	3 years	committee	2/3
K O' Sullivan	21.11.2017/17.10.20	3 years	Board	3/3
			Board, Finance,
			audit resources &
T Brennan	17.10.2020	3 years	committee	3/3

for the Y	ear Ended 3	1Jul 2021
						Period
						1.9.19
					Year Ended	to
					31.7.21	31.7.20
					Unrestricted	Total
					fund	funds
				Notes
INCOME	AND ENDOWMENTS		FROM
Donations	and capital	grants			64,910	8,778
Charitable	activities
Funding for the college's educational			operations	4	2,988,623	1,582,293
Other trading activities					6,717
Total					3,060,250	1,591,071
EXPENDITURE ON
Charitable	activities
College's	educational	operations			1,734,517	960,904
Other					508,478	380,152
Total					2,242,995	1,341,056
NET INCOME					817,255	250,015
RECONCILIATION		OFFUNDS
Total funds brought forward					630,763	380,748
TOTAL FUNDS CARRIED FORWARD					1,448,018	630,763

Creat Oaks Char	itable Tr	ust Re istered	numlber: 11074/84'}
Balaflee Sheet
51,}u Iv )0? I
				2021		2020
				IUn restrict	ed	Totai
				fund		funds
			hl«l &-s	,I'.
FIXED ASSETS
Tangible assets				30&212
CURRENT ASSlsTS Debtors .				291,679		77,367
Cash at bank and	in hand			1&6&il7,411		1,224,877
				1,939,090		1,301,944
CREDITORS
Amounts falling due within		one year		(821,284)		(671,181)
NET CURRENT	ASSETS			1,417,81}6		ti30,7Ci3
TOTAL ASSETS LE&.SS CURRENT
LIABILITIES				il,&148,018		630,763
NET ASSE&TS				1,4&t8,018		630,763
FUNDS			18
Unrestricted funds:
General limd				1,448,018		630,763
TOTAL FIUNIDS						630,763

Cash Flow Statement for the Year Ended 31Jul	2021
				Period
				1.9.19
			Year Ended	to
			31.7.21	31.7.20
		Notes
Cash flows from operating	activities
Cash generated &om operations			457,417	501,690
Net cash provided by operating activities			457,417	501,690
Cash flows from investing	activities
Purchase oftangible fixed assets			(34,583)
Net cash (used in)/provided	by investing	activities	~34,583)
Change in cash and cash equivalents		in
the reporting period			422,834	501,690
Cash and cash equivalents	at the
beginning ofthe reporting	period		1,224,577	722,887
Cash and cash equivalents	at the end	of
the reporting period			1,647,411	1,224,577

					Period
					1.9.19
				Year Ended	to
				31.7.21	31.7.20
Net income	for the	reporting	period (as per the Statement ofFinancial
Activities)				817,255	250,015
Adjustments	for:
Depreciation	charges			4,371
Increase in debtors				(214,312)	(28,106)
(Decrease)/increase		in creditors		(149,897)	279,781
Net cash provided		by operations		457,417	501,690

	At 1.8.20	Cash flow	At 31.7.21
Net cash
Cash at bank and in hand	1,224,577	422,834	1,647,411
	1,224,577	422,834	1,647,411
Total	2 224,577	422,834	1,647,411

Buildings	2% on cost
Plant &equipment	10%to 16%on cost
Motor Vehicles	20% on cost
Computer equipment	33%on cost

DONATIONS AND CAPITAL GRANTS
		Period
		1.9.19
	Year Ended	to
	31.7.21	31.7.20
Donations	103
Capital grants	38,939
Grants	25,868	8,778
	64,910	8,778
Other grants relate to:
Free school meals	19,163	3,414
Bursary funding	6,705	5,364
	25,868	8,778

										Period
										1.9.19
									Year Ended	to
									31.7.21	31.7.20
									Unrestricted	Total
									funds	funds
	Education	fees		&funding					2,988,623	1,582,293
5.	OTHER TRADING ACTIVITIES
										Period
										1.9.19
									Year Ended	to
									31.7.21	31.7.20
	Catering income								6,404
	Uniforms	income							313
									6,717
6.	EXPENDITURE
										Period
										1.9.19
									Year Ended	to
									31.7.21	31.7.20
						Non-pay	expenditure
						Staff		Other
						costs	Premises	costs	Total	Total
	Charitable		activities
	College's	educational			operations
	Direct costs					1,418,285	380	161,213	1,579,878	960,904
	Allocated	support		costs			111110	42,529	154 639
						1,418,285	112,490	203,742	1,734,517	960,904
	Other					508,478			508,478	380,152
						1,926,763	112,490	203,742	2,242,995	1,341,056
	Net income/		(expenditure)			is stated after charging/	(crediting):
										Period
										1.9.19
									Year Ended	to
									31.7.21	31.7.20
	Depreciation		- owned assets						4,371

										Period
										1.9.19
									Year Ended	to
									31.7.21	31.7.20
									Unrestricted	Total
									funds	funds
	Direct costs								1,579,878	960,904
	Support costs								154,639
									1,734,517	960,904
										Period
										1.9.19
									Year Ended	to
									31.7.21	31.7.20
									Total	Total
	Analysis	ofsupport		costs
	Depreciation								4,371
	Sundry costs								12,986
	Premises	costs							112,110
	Other support		costs						25,172
	Total support costs								154,639
8.	SUPPORT COSTS
								Management	Finance	Totals
	College's	educational		operations				142,287	12,352	154,639
9.	OTHER
	Other resources expended				include;
									2021	2020
	Financial	statements		audit					K4)000	K4,000
	Assurance	report							f750	f750
	Other services		—accounting,			statutory	and taxation		K3,250	62,250

STAFF C	OSTS
				Period
				1.9.19
			Year Ended	to
			31.7.21	31.7.20
Wages and salaries			1,651,909	1,007,787
Social security costs			85,356	42,768
Operating	costs ofdefined benefit pension schemes		150,448	73,497
			1,887,713	1,124,052
Physio A	therapy	consultants	39,050	39,728
			1,926,763	1,163,780

COMPARATIVES	FORTHE STATEMENT OF FINANCIAL AC	TIVITIES
		Unrestricted
		fund
INCOME AND ENDOWMENTS FROM
Donations and capital	grants	8,778
Charitable activities
Funding for the college's educational
operations		1,582,293
Total		1,591,071
EXPENDITURE ON
Charitable activities
College's educational	operations	960,904
Other		380,152
Total		1,341,056
NET INCOME		250,015
RECONCILIATION	OFFUNDS
Total funds brought	forward	380,748
TOTAL FUNDS CARRIED FORWARD		630,763

TANGIBLE	FIXEDASSETS
			Office
		Plant &	furniture	Computer
		equipment	&equipment	equipment	Totals
COST
Additions		25,523	6,551	2,509	34,583
DEPRECIATION
Charge for year		2,552	983	836	4,371
NET BOOK	VALUE
At 31 July 2021		22,971	5,568	1,673	30,212
At 31 July 2020
DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
				2021	2020
Trade debtors				217,209	57,253
VAT				45,454	12,302
Prepayments	&accrued income			29,016	7,812
				291,679	77,367
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2021	2020
Trade creditors				54,477	5,306
Social security and other taxes				74,815	22,466
Other creditors				161,397	44,993
Accruals and	deferred income			230,595	598,416
				521,284	671,181

MOVEMEN	T IN FUNDS
						Net
						movement	At
					At 1.8.20	in funds	31.7.21
Unrestricted	funds
General fund					630,763	817,255	1,448,018
TOTAL FUNDS					630,763	817,255	1,448,018
Net movement	in funds, included			in the above	are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
Unrestricted	funds
General fund					3,060,250	(2,242,995)	817,255
TOTAL FUNDS					3,060,250	~2,242,995)	017,255
Comparatives	for movement		in	funds
						Net
						movement	At
					At 1.9.19	in funds	31.7.20
Unrestricted	funds
General fund					380,748	250,015	630,763
TOTAL FUNDS					380,748	250,015	630,763
Comparative	net movement	in	funds, included		in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
Unrestricted	funds
General fund					1,591,071	(1,341,056)	250,015
TOTAL FUNDS					1,591,071	(1,341,056)	250,015