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2023-07-31-accounts

					Page
Reference and administrative		details
Trustees' report					2-12
Independent auditors'	report	on the financial	statements		13-16
Statement offinancial	activities incorporating		income and expenditure	account	17
Balance sheet					18-19
Statement of cash flows					20
Notes to the financial	statements				21-36

			REFERENCE	AND	AND	ADMINISTRATIVE	DETAILS
Members			V Boylan (appointed 6			December 2022)
			A Cornish (resigned 6			December 2022)
			A Clinton
			M Sartin
Trustees			T Brennan
			SLorenzato (resigned			4 July 2023)
			K O' Sullivan
			S K Rayatt
			K Sheppard (appointed			7 February 2023)
Company	registered
number			11074784
Charity registered
number			1188094
Principal	and	registered	Great Oaks College
office			Gresham Road
			Hounslow
			Middlesex
			TW3 4BX
Independent		auditors	WR Partners
			Chartered Accountants
			Belmont House
			Shrewsbury Business			Park
			Shrewsbury
			Shropshire
			SY2 6LG
Solicitors			Browne Jacobson
			Mowbray House
			Castle Meadow Road
			Nottingham
			NG2 1BJ
Senior Management			Senior Management		Team
Team			N Thomas - Principal
			P Jalan - Business Manager
			R Murr - Deputy	Principal
			R Price - Deputy	Principal
			L Davies - Deputy Principal

Ke erformance	Ke erformance	Ke erformance	indicator		Actual	for 2022/23
Student	number		tar ets	101		101
Student	achievement/progression			85% Expected Progress	10.2%	Outstanding
					Pro ress
O eratln	sur	lus as a %of income			24 8%
Students	havin		received work ex erience			30
Ofsted ratin					Outstandin	in all areas

Trustees		Date of	Term of	Date	of	Committees	Attendance
		a ointment	office	resi	nation	served	in 2022/3
SRayatt		17.11.20	3years			Board, Finance,	3/5
						audit &resources
SLorenzato		17.11.20	3years	04.07.23		Board, Finance,	4/5
						audit 8 resources
K O' Sullivan		17.11.20	3 ears			Board	4/5
T Brennan		17.11.20	3years			Board, Finance,	4/5
						audit 8 resources
KShe	ard	07.02.23	3 ears			Board	3/3

				Unrestricted	Total	Total
				funds	funds	funds
				2023	2023	2022
			Note
Income from:
Donations and capital		grants		163,212	163,212	63,832
Other trading activities				59,770	59,770	28,603
Charitable activities				4,857,529	4,857,529	3,528,756
Total income				5,080,511	5,080,511	3,621,191
Expenditure on:
College's educational		operations	8	3,440,288	3,440,288	2,644,896
Other expenditure			9	382,558	382,558	470,363
Total expenditure				3,822,846	3,822,846	3,115,259
Net movement in funds				1,257,665	1,257,665	505,932
Reconciliation offunds:
Total funds brought	forward			1,953,950	1,953,950	1,448,018
Net movement in funds				1,257,665	1,257,665	505,932
Total funds carried	forward			3,211,615	3,211,615	1,953,950

			Note		2023f		2022
Fixed assets
Tangible assets			14		101,492		37,015
					101,492		37,015
Current assets
Debtors			15	243,744		134,472
Cash at bank and	in hand			3,447,958		2,228,103
				3,691,702		2,362,575
Creditors: amounts	falling	due within one
year			16	(581,579)		(445,640)
Net current assets					3,110,123		1,916,935
Total assets less	current	liabilities			3,211,615		1,953,950
Total net assets					3,211,615		1,953,950

		BALANCE SHEET (CONTINUED)	BALANCE SHEET (CONTINUED)
		AS AT 31 JULY 2023
		Note	2023f	2022
Funds ofthe College
Restricted funds		17
Unrestricted	income funds	17	3,211,615	1,953,950
Total funds			3,211,615	1,953,950

				STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
			FOR		THE YEAR ENDED 31JULY 2023
								2023	2022
							Note	F
Cash flows from		operating	activities
Net cash	provided	by operating activities						1,310,221	598,211
Cash flows from		investing	activities					(90,366)	(17,519)
Change	in cash	and cash	equivalents		in	the year		1,219,855	580,692
Cash and	cash equivalents		at the beginning			ofthe year		2,228,103	1,647,411
Cash and cash equivalents			at the end		of	the year		3,447,958	2,228,103
The notes on pages 21 to 36form part				ofthese financial statements

iation is	provided on the fol	lowing bases:
Furniture	and equipment	- 10- 16%on cost
Plant and	machinery	- 16%on cost
Computer	equipment	- 33%on cost
Motor vehicles		- 20% on cost

		Unrestricted	Total	Total
		funds	funds	funds
		2023f	2023 E	2022
Grants
16-19Tuition	funding	22,312	22,312	16,091
Bursary funding		1,488	1,488	8,046
Achievement	award	900	900	850
Free school meals		20,593	20,593	22,753
Teachers pension		30,091	30,091
		75,384	75,384	47,740
Donations		324	324	393
Capital grants		87,504	87,504	15,699
		87,828	87,828	16,092
Total 2023		163,212	163,212	63,832
Total 2022		63,832	63,832

			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
			f.
	DfE/ESFA grants
	Education fees &funding		4,857,529	4,857,529	3,528,756
	Total 2023		4,857,529	4,857,529	3,528,756
	Total 2022		3,528,756	3,528,756
6.	Income from other trading	activities
			Unrestricted	Total	Total
			funds	funds	funds
			2023f	2023 f.	2022
	Catering income		9,128	9„128	26,955
	Uniforms income		794	794	609
	Events 8 trip income		824	824	1,039
	Insurance income		7,896	7,896
	Sale ofother goods and services		41,128	41,128
	Total 2023		59,770	59,770	28,603
	Total 2022		28,603	28,603

	Staff Costs	Premises	Other	Total	Total
	2023	2023f	2023f	2023f	2022
Charitable activities: College's
educational operations
Direct costs	2,261,370		428,300	2,689,670	2,244,390
Allocated support costs		366,555	384,063	750,618	400,506
Other expenditure	382,558			382,558	470,363
Total 2023	2,643,928	366,555	812,363	3,822,846	3,115,259
Total 2022	2,366,342	214,948	533,969	3,115,259

		Unrestricted
		funds	Total	Total
		2023f	2023f	2022
Educational	operations	3,440,288	3,440,288	2,644,896
Total 2023		3,440,288	3,440,288	2,644,896
Total 2022		2,644,896	2,644,896

		Unrestricted	Total	Total
		funds	funds	funds
		2023f	2023	2022
Wages	and salaries	346,039	346,039	449,444
National	insurance	16,237	16,237	13,030
Pension	costs	20,282	20,282	7,889
Total 2023		382,558	382,558	470,363
Total 2022		470,363	470,363

		Activities
		undertaken	Support	Total	Total
		directly	costs	funds	funds
		2023	2023	2023	2022
Educational	operations	2,689,670	750,618	3,440,288	2,644,896
Total 2023		2,689,670	750,618	3,440,288	2,644,896
Total 2022		2,244,390	400,506	2,644,896

				Total	Total
			Activities	funds	funds
			2023	2023	2022
			E
Staff costs			2,261,370	2,261,370	1,895,979
ITcosts			56,985	56,985	30,062
Educational	supplies		47,584	47,584	60,761
Examination	& related fees		2,215	2,215	372
Staff development			59,630	59,630	47,890
Educational	consultancy		252,456	252,456	200,012
Goods &services			1,245	1,245	2,314
Minibus costs			8,185	8,185	7,000
Total 2023			2,689,670	2,689,670	2,244,390
Total 2022			2,244,390	2,244,390
Analysis of	support	costs
				Total	Total
			Activities	funds	funds
			2023f	2023 F	2022
Depreciation			25,052	25,052	10,717
Office & advertising		costs	67,763	67,763	75,032
Other support costs			281,644	281,644	99,709
Premises costs			366,555	366,555	214,948
Governance					100
Profit/(loss)	on asset	disposal	9,604	9,604
Total 2023			750,618	750,618	400,506
Total 2022			400,506	400,506

Net income f	or the year	includes:
			2023f	2022
Depreciation	oftangible	fixed assets	25,052	10,716
Fees paid to	auditors for:
- audit			12,150	4,750
-other services			1,800	3,250

2023f	2022
2,026,861	1,994,321
'I93,558	145,277
280,097	226,744
2,500,516	2,366,342
143,412
2,643,928	2,366,342

The average number of persons employed by t	he College during the year was as follows:
	2023	2022
	No.	No.
Employees	80	77

	(As	restated)
2023		2022
No.		No.

		Furniture
	Plant and	and	Computer	Motor
	machinery	equipment F	equipmentf	vehicles	Total
Cost or valuation
At 1 August 2022	17,284	19,691	14,291		51,266
Additions	32,555	1,509	25,687	30,615	90,366
At 31 July 2023	49,839	21,200	39,978	30,615	141,632
Depreciation
At 1 August 2022	4,098	3,936	6,217		14,251
Charge for the year	5,735	3,430	13,152	3,572	25,889
At 31 July 2023	9,833	7,366	19,369	3,572	40,140
Net book value
At 31 July 2023	40,006	13,834	20,609	27,043	101,492
At 31July 2022	13,186	15,755	8,074		37,015

Debtors
		2023	2022
Due within one year
Trade debtors		82,007	35,446
Other debtors		60,558	33,941
Prepayments	and accrued income	101,179	65,085
		243,744	134,472

			2023f	2022
Trade creditors			413,727	24,353
Other taxation	and social security		41,297	49,476
Other creditors			22,901	119,858
Accruals and deferred		income	103,654	251,953
			581,579	445,640

Stateme	nt o	ffunds
			Balance at 1
			August			Balance at
			2022	Income	Expenditure	31July 2023
					F
Unrestricted		funds
General	Funds - all funds		1,953,950	5,080,511	(3,822,846)	3,211,615

Compara	tive	information in respect o	fthe preceding year is as	follows:
			Balance at
			1August			Balance at
			202I	Income	Expenditure	31Ju/y 2022
Unrestricted		funds
General	Funds - all funds		1,448,018	3,621,191	(3,115,259)	1,953,950

Analysis	of n	et assets between funds - current ye	ar
			Unrestricted	Total
			funds	funds
			2023	2023
Tangible	fixed	assets	101,492	101,492
Current	assets		3,691,702	3,691,702
Creditors	due	within one year	(581,579)	(581,579)
Total			3,211,615	3,211,615

Analysis	of n	et asse	ts	between funds - prior year
					Unrestricted	Total
					funds	funds
					2022	2022
Tangible	fixed	assets			37,015	37,015
Current	assets				2,362,575	2,362,575
Creditors	due	within	one	year	(445,640)	(445,640)
					1,953,950	1,953,950