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||||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|||||
|Report ofthe Independent
A.uditor||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|||
|---|---|---|---|---|
|||M Sartin|||
|||A Cornish|||
|TRUSTEES||SLorenzato|||
|||SKRayatt|||
|||K O' Sullivan|Chair||
|||TBrennan|||
|REGISTERED|OFFICE|Great Oaks College|||
|||Gresham Road|||
|||Hounslow|||
|||Middlesex|||
|||TW3 4BX|||
|REGISTERED|COMPANY|11074784(England||and Wales)|
|NUMBER|||||
|SENIOR STATUTORY AUDITOR|SENIOR STATUTORY AUDITOR|lan SAnderson|
|---|---|---|
|AUDITOR||Ian SAnderson|
|||Chartered
Accountant &Statutory Auditor|
|||Greengarth|
|||Thicket Grove|
|||Maidenhead|
|||Berkshire|
|||SL64LW|
|SOLICITORS||Browne Jacobson|
|||Mowbray
House|
|||Castle Meadow Road|
|||Nottingham|
|||NG2 1BJ|
|SENIOR MANAGEMENT|TEAM|N Thomas
-Head Teacher|
|||P Jalan
-Business Manager|
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|Key performance|Indicator||Measure/Target||Actual|for 2021/22|
|---|---|---|---|---|---|---|
|Student number|targets||90|||88|
|Student achievement/progression|||Good Progress|68%Outstanding|23%|Good Progress|
|Students
having|received work experience||35|||35|
|Ofsted rating|-assessed at first monitoring|visit|Good|Significant progress||in all three areas|
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|||||Board attendance|
|---|---|---|---|---|
|Trustees|Date ofAppointment|Term ofoffice|Committees
served|2021/22|
||||Board, Finance,||
||||audit resources &||
|SRayatt|21.11.2017/17.11.20|3 years|committee|2/4|
||||Board, Finance,||
||||audit &resources||
|SLorenzato|21.11.2017/17.11.20|3 years|committee|3/4|
|K O' Sullivan|21.11.2017/17.11.20|3years|Board|3/4|
||||Board,
Finance,||
||||audit resources &||
|TBrennan|17.11.2020|3 years|committee|4/4|
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|for the Year Ended|31Jul
2022|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME AND ENDOWMENTS FROM||||||
|Donations
and capital|grants|||63,832|64,910|
|Charitable
activities||||||
|Funding
for the College's educational||operations|4|3,528,756|2,988,623|
|Other trading activities||||28,603|6,717|
|Total||||3,621,191|3,060,250|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|College's educational|operations|||2,485,811|1,721,236|
|Other||||629,448|521,759|
|Total||||3,115,259|2,242,995|
|NET INCOME||||5059932|817,255|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought|forward|||1,448,018|630,763|
|TOTAL FUNDS CARRIED FORWARD||||19953,950|1,448,018|
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|||2022|2021|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Tangible assets|14|37,015|30,212|
|CURRENT ASSETS||||
|Debtors|15|134,472|291,679|
|Cash at bank and in hand||2,228,103|1,647,411|
|||2,362,575|1,939,090|
|CREDITORS||||
|Amounts
falling due within one year|16|(445,640)|(521,284)|
|NET CURRENT ASSETS||1,916,935|1,417,806|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||1,953,950|1,448,018|
|NET ASSETS||1,953,950|1,448,018|
|FUNDS|17|||
|Unrestricted
funds:||||
|General fund||1,953,950|1,448,018|
|TOTAL FUNDS||1,953,950|1,448,018|
|Great Oaks Charitable
T|r|ust|||||
|---|---|---|---|---|---|---|
|Cash Flow Statement|||||||
|for the Year Ended 31Jul||2022|||||
||||||2022|2021|
|||||Notes|||
|Cash flows from operating||activities|||||
|Cash generated
f'rom operations|||||598,211|457,417|
|Net cash provided
by operating
activities|||||598,211|457,417|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed assets|||||(35,636)|(34,583)|
|Transfer oftangible
fixed assets|||||18,117||
|Net cash used in investing|activities||||~17,519)|(34,583)|
|Change in cash and cash|equivalents||in||||
|the reporting
period|||||580,692|422,834|
|Cash and cash equivalents||at the|||||
|beginning
ofthe reporting||period|||1,647,411|1,224,577|
|Cash and cash equivalents||at the end|of||||
|the reporting
period|||||2,228,103|1,647,411|
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|||||2022|2021|
|---|---|---|---|---|---|
|Net income|for the|reporting|period (as per the Statement ofFinancial|||
|Activities)||||505,932|817,255|
|Adjustments|for:|||||
|Depreciation|charges|||10,717|4,371|
|Decrease/(increase)||in debtors||157,207|(214,312)|
|Decrease in|creditors|||(75,645)|(149,897)|
|Net cash provided||by operations||598,211|457,417|
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|ANALYSIS OF CHANGES IN NET FUND|S|||
|---|---|---|---|
||At 1.8.21|Cash flow|At 31.7.22|
|Net cash||||
|Cash at bank and in hand|1,647,411|580,692|2,228,103|
||1,647,411|550 692|2,228,103|
|Total|1,647,411|580,692|2,228,103|
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|Buildings|2%on cost|
|---|---|
|Plant &,equipment|10%to 16%on cost|
|Motor Vehicles|20%on cost|
|Computer
equipment|33%on cost|
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|DONATIONS|AND CAPITAL GRANTS|||
|---|---|---|---|
|||2022|2021|
|Donations||393|103|
|Capital grants||15,699|38,939|
|Grants||47,740|25,868|
|||63,832|64,910|
|Other grants relate to:||||
|Free school meals||22,753|19,163|
|Jack Petchey:||||
|Achievement|award|850||
|16-19Tuition|funding|16,091||
|Bursary funding||~8046|6 706|
|||47,740|25,868|
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|FUNDING|FO|R|THE COLLEGE'S EDUCATIONA|L
OPERATIONS||
|---|---|---|---|---|---|
|||||2022|2021|
|||||Unrestricted|Total|
|||||funds|funds|
|Education|fees|dk|funding|3,528,756|2,988,623|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|Catering income||||||267955|6,404|
|Uniforms|income|||||609|313|
|Events &trip income||||||1,039||
|||||||28,603|6,717|
|EXPENDITURE||||||||
|||||||2022|2021|
||||Non-pay|expenditure||||
||||Staff||Other|||
||||costs|Premises|costs|Total|Total|
|Charitable||activities||||||
|College's|educational||operations|||||
|Direct costs|||1,895,979||189,326|2,085,305|1,561,417|
|Allocated|support costs|||214,948|185,558|400,506|159,819|
||||1,895,979|214,948|374,884|2,485,811|1,721,236|
|Other|||629,448|||629,448|521,759|
||||2,525,427|214,948|374,884|3,115,259|2,242,995|
|Net income/(expenditure)|||is stated after charging/(crediting):|||||
|||||||2022|2021|
|Depreciatio|n|- owned assets||||10)716|4,371|
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||CHARITABLE ACTIVITIES —COLLEGE'S EDUCATIONAL|CHARITABLE ACTIVITIES —COLLEGE'S EDUCATIONAL|CHARITABLE ACTIVITIES —COLLEGE'S EDUCATIONAL|CHARITABLE ACTIVITIES —COLLEGE'S EDUCATIONAL|CHARITABLE ACTIVITIES —COLLEGE'S EDUCATIONAL|OPERATIONS|OPERATIONS||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||Unrestricted|Total|
||||||||funds|funds|
||Direct costs||||||2,085,305|1,561,417|
||Support costs||||||400,506|159,819|
||||||||2,485,811|1,721,236|
||||||||2022|2021|
||||||||Total|Total|
||Analysis ofsupport|costs|||||||
||Depreciation||||||10,717|4,371|
||Office &advertising|costs|||||73,067|12,986|
||Premises costs||||||214,948|112,110|
||Other support costs||||||101,674|30,352|
||Governance
costs||||||100||
||Total support costs||||||400,506|159,819|
|8.|SUPPORT COSTS||||||||
||||||||Governance||
||||||Management|Finance|costs|Totals|
||College's educational|operations|||380,993|19,413|100|400,506|
|9.|OTHER||||||||
||Other resources expended||include;||||||
||||||||2022|2021|
||Financial
statements|audit|||||%4,000|K4,000|
||Assurance
report||||||%750|6750|
||Other services - accounting,|||statutory|and taxation||R3,250|F3,250|
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|STAFF COSTS|||
|---|---|---|
||2022|2021|
|Wages and salaries|1,994,321|1,651,908|
|Social security costs|145,277|85,356|
|Operating
costs ofdefined benefit pension schemes|226,744|150,448|
||2,366,342|1,887,712|
|Physio &therapy
consultants|159,085|52,332|
||2,525,427|1,940,044|
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|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL AC|TIVITIES|
|---|---|---|
|||Unrestricted|
|||fund|
|INCOME AND ENDOWMENTS FROM|||
|Donations
and capital|grants|64,910|
|Charitable
activities|||
|Funding
for the College's educational|||
|operations||2,988,623|
|Other trading activities||6,717|
|Total||3,060,250|
|EXPENDITURE ON|||
|Charitable
activities|||
|College's educational|operations|1,721,236|
|Other||521,759|
|Total||2,242,995|
|NET INCOME||817,255|
|RECONCILIATION|OF FUNDS||
|Total funds brought|forward|630,763|
|TOTAL FUNDS CARRIED FORWARD||1,448,018|
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|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
|||Office|||
||Plant &|furniture|Computer||
||equipment|&equipment|equipment|Totals|
|COST|||||
|At 1 August 2021|25,523|6,551|2,509|34,583|
|Additions|8,205|13,140|14,291|35,636|
|Transfers|(16,444)||~2,509)|()S,953)|
|At 31 July 2022|17,284|19,691|14,291|51,266|
|DEPRECIATION|||||
|At 1 August 2021|2,552|983|836|4,371|
|Charge for year
Eliminated
on transfer|1,546|29953|6,217
~836)|10,716
~836)|
|At 31July 2022|4,098|3,936|6,217|14,251|
|NET BOOK VALUE|||||
|At 31 July 2022|13,186|15,755|S,074|37,015|
|At 31 July 2021|22,971|5,568|1,673|30,212|
|DEBTORS:AMOUNTS FALLING DUK WITHIN ONK YEAR|||||
||||2022|2021|
|Trade debtors|||35,446|217,209|
|VAT|||33,941|45,454|
|Prepayments
&accrued income|||65,085|29,016|
||||134,472|291,679|
|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
||||2022|2021|
|Trade creditors|||24,353|54,477|
|Social security and other taxes|||49,476|74,815|
|Other creditors|||119,858|161,397|
|Accruals and deferred income|||251,953|230,595|
||||445,640|521,284|
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|MOVEMENT|IN FUNDS||||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.8.21|in funds|31.7.22|
|Unrestricted|fund||||||
|General fund||||1,448,018|505,932|1,953,950|
|TOTAL FUNDS||||1,448,018|505,932|1,953,950|
|Net movement|in funds, included||in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|Unrestricted|fund||||||
|General fund||||3,621,191|(39115,259)|505,932|
|TOTAL FUNDS||||3,621,191|~3,115,259)|505,932|
|Comparatives|for movement|in|funds||||
||||||Net||
||||||movement|At|
|||||At 1.8.20|in funds|31.7.21|
|Unrestricted|fund||||||
|General fund||||630,763|817,255|1,448,018|
|TOTAL FUNDS||||630,763|817,255|1,448,018|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|fund||||
|General fund||3,060,250|(2,242,995)|817,255|
|TOTAL FUNDS||3,060,250|~2,242,995)|817,255|
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