||||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| ## ## ## ## ## ##