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