2021-08-31-accounts

						Page
Information
Governors'		Report (incorporating		Strategic Report)		2-9
Independent		Auditor's	Report			10-12
Statement		of Flnandal	Activities
Summery	Income and		Expenditure,			14
Statement		of Flnandal	Position			15
Statement		of Cash Flows				16
Notes to llnancial statements						17-26
The following pages			do not form part		ofthe audited accounts
Detailed Statement of			Financial	Activities		Appendk	1
Schedules		to the Statement of Financial			Actlvides	Appendix	2

					Total
					2021
				Note
Charitable activities from:
School fess					1,630,995
Other Income					105,191
Total Income					1,636,186
EXPENDITURE ON:
Raising funds:
Financing costs					11,202
					11,202
Charitable activities:
Teaching costs					973,152
Welfare					102,901
Premises					307,642
Support costs					288,171
Management and	administration				96,505
					1,768,371
Other:
Negative goodwill	written	off			(6,989,564)
Total net expenditure					(5,209,991)
Net income and	net movement		in funds		6,846,177
Fund balances carried		forward	at
,31August 2021					6,846,177

				2021
			Note	8
Income
Fees receivable				1,530,995
Other income				105,191
				1,636,186
Expenditure
Raising funds/financing		costs		11,202
Charitable activities				1,768,371
Negative goodwill	written	og		(6,989,564)
				I5,209,991)
Net Income				6,846,177

				Notes
					2021
					5
Fixed assets
Tangible fixed	assets				10,092,068
					10,092,068
Current assets
Debtors					883,052
Cash at bank					2,022,443
					2,905,495
Current liabilities
Creditors: amounts		falling	due in one year	10	(3,177,939)
Net current liabilities					(272,444)
Total assets less current			liabilities		9,819,624
Creditors: amounts		falling	due afler
more than one	year				(2,973,447)
Net assets					6,846,177
Accumulated	Funds
Unrestricted funds					6,846,177
Total Funds					6,846,177

							2021
					Note
Cash flows from operating		activities			14			36,684
Cash flows from Investing		activities
Purchase ofbusiness	(net ofcash acquired)					(703,321)
Purchase oftangible	fixed assets					(273,365)
Net cash used in Investing		activities						(978,686)
Cash flows from financing		activities
Proceeds from borrowings						2,967,556
Interest paid						(5,311)
Net cash generated	from financing		activities					2,962,245
Change In cash snd	cash equivalents			at 31August 2021				2,022,443
Represented by
Cash at bank and in	hand							2,022,443

						2021
Fees	receivable	consist	of:
Gross	fees					1,748,490
Less:	bursades,	grants,	allowances	and	discounts	(217,495)
						1,530,995

Other Income
		2021f
College bus service Instrumental tuition fees Entrance examination Mes		12,401 11,753 2,276107—
Other income		22,811
School meals		31,998
Coronevirus Job retention	scheme	23,845
		105,191

5		Expenditure
									2021
									5
		Charitable activities	Includes:
		Depreciation							82,101
		Operating lease costs —other							29,290
									91,391
		Governance costs:
		Auditor's remuneration		-for audit					11,093
		Auditor's remuneration		—other services					1,000
									12,093
									2021
	'	Staff costs:
		Wages and salades	- gross						908,775
		Employer's national	insurance						80,497
		Employer's pension	costs						94,732
									1,084,004
		The average numbers		employed		by the College during ths period were:
									2021
									No
		Teaching staff							93
		Premises and grounds							22
		Administration							28
		Other							9
									152
		Neither the governors		nor any persons connected				with them received any remuneration	or other benefits from
		Foundation or any	connected		organlsatlon.
									2021
		At the year end, the	number of		employees		whose gross income exceeded		No
		660,000were:
		f60,001 to 670,000
		f70,001 to 580,000
		f110,001 to f120,000

	f
Tangible fixed assets (see below)	9,880,804
Net current fiabilities	(2,187,919)
Cash and cash equivalents	506,548
Total idsnfifisble net assets	8,199,433
Total consideration	(1,209,869)
Negative goodwlfl	6 989M4

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9	Debtors
			2021
	Parent fee debtors		701,996
	Prepayments		181,056
			883,052
10	Creditors: amounts	falling due within one year
			2021
			6
	Fees paid in advance		1,674,303
	Other tax and social security		192,204
	Deposits received		171,522
	Pension creditors		62,985
	Trade creditors		1,015,475
	Accrusls		6,142
	Sundry creditors		55,308
			3,177,939

Reconciliation of	net i	ncome to net cas	h flow from operating a	ctivities
				2021
				6
Net income for the	year			6,846,177
Adjustments for:
Interest paid				11,202
Depreciation oftangible		fixed assets		62,101
Write off of negative	goodwill			(6,989,564)
Operating cash flows		before movement	in	(70,084)
working capital
Net Increase in working		capital		106,968
Net cash flow operating		activities		36,884

					2021
INCOMING RESOURCES
Incoming resources		from charitable		activities
Fees					1,530,995
Other income					105,191
Total income					1636186
RESOURCES EXPENDED
Costs ofgenerating		funds
Flnandng costs					11,202
					11,202
Charitable activities
Teaching costs					973,152
Welfare					102,901
Premises					307,642
Support costs					288,171
Management and	administration				96,505
					1,768,371
Total resources	expended				(143,387)
Negative goodwill	wdtten		off		6,989,564
Net incoming resources					6,846,177

		2021
OTHER INCOME
Charitable activities
College bus service		12,401
Instrumental tuition fees		11,753
Entrance examination		2,276
Examination fees		107
Other Income		22,811
School meals		31,998
Job retention scheme		23,845
		105,191
CHARITABLE EXPENDITURE
Teaching costs
Teaching and support staff salaries		973,152
Welfare		102,901
Premises		307,642
Support Costs		288,171
Management and administration	ofthe charity	96,505
		1,768,371
Welfare costs
Contract catering costs (net)		98,980
Matron		3,921
		102,901

						2021
Premises costs
Cleanln salaries						33929
Maintenance and securi				salaries		25 965
Re airs and maintenance						74 160
Rates and utilities						82 197
Leasin costs						29290
						245 541
De reclatlon ofta	ibis		fixed assets			62 101
						307642
Su rt cos
Subscri tions &corn		lienee costs				6 168
Administrative and clerical				salaries		115013
Stations osta e and			rlntln			19881
Marketin						14175
Tee hone						5572
Com uter char es						27 930
Coils e bus service						61 296
Staff recruitment and		relocation costs				12928
Motor and travel ex	enses					2 329
Insurance						22867
Sund su ort costs						12
						288 171
Mana ament and administration					ofthe Chari
Bad debt and debt collection costs
L al and rofesslonal			cha es			31 541
						96505