## ## |Trustees||P Sanders| |---|---|---| |||N Wescombe| |||R Danielsson| |||E Ingvarsson| |Secretary|and Principal|AThatcher| |Charity number||280428| |Company|number|1497558| |Registered|office|Loxdale| |||Locks Hill| |||Portslade| |||East Sussex| |||BN41 2LA| |Auditor||West &Berry Limited| |||Mocatta House| |||Trafalgar Place| |||Brighton| |||BN14DU| ## ## |||Page| |---|---|---| |Trustees
report||1-4| |Statement oftrustees|responsibilities|| |Independent
auditor's|report|6-8| |Statement offinancial|activities|| |Statement offinancial|position|10| |Statement ofcash flows||| |Notes to the financial|statements|12-21| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Unrestricted|Unrestricted| |---|---|---|---|---|---| ||||funds||funds| ||||2022||2021| |||Notes|||| |Income and endowments
Grants
Charitable
activities
Investments
Government
grants|from:||262,640
521,776
44,073
6,343||262,110
90,907
27,740
71,719| |Total income|||834,832||452,476| |Ex enditure on:
Charitable
activities|||800,150||429,964| |Net income for the year/
Net movement
in funds|||34,682||22,512| |Fund balances at 1 January|2022||1,087,478||1,064,966| |Fund balances at 31 December 2022|||1,122,160||1,087,478| ## ## ||||Notes|2022|2021| |---|---|---|---|---|---| |Fixed assets|||||| |Tangible assets|||10|1,019,069|1,023,360| |Current assets|||||| |Debtors
Cash at bank and|in|hand||240,865
341,531|165,827
271,293| |Creditors: amounts||falling due within||582,396|437,120| |one year|||13|(369,367)|(207,318)| |Net current assets||||213,029|229,802| |Total assets less|current liabilities|||1,232,098|1,253,162| |Creditors: amounts||falling due after|||| |more than one year|||14|(109,938)|(165,684)| |Net assets|||||| |||||1,122,160|1,087,478| |Income funds|||||| |Unrestricted
funds|||||| |General unrestricted
Revaluation
reserve||funds||1,040,735
81,425|1,006,053
81,425| |||||1,122,160|1,087,478| |||||1,122,160|1,087,478| ## ## ## |||2022||2021|| |---|---|---|---|---|---| ||Notes||||| |Cash flows from operating
activities
Cash generated
from operations|19||81,364||30,758| |Investing
activities
Purchase oftangible
fixed assets||(4,241)|||| |Proceeds from disposal
oftangible fixed
assets
Investment
income received||250
44,073||27,740|| |Net cash generated
from investing
activities|||40,082||27,740| |Financing
activities
Proceeds from new bank loans
Repayment
of bank loans||(51,208)||90,000
(59,741)|| |Net cash (used in)/generated
from
financing
activities|||(51,208)||30,259| |Net increase
in cash and cash equivalents|||70,238||88,757| |Cash and cash equivalents
at beginning|ofyear||271,293||182,536| |Cash and cash equivalents
at end of|year||341,531||271,293| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3|Grants|||| |---|---|---|---|---| ||||Unrestricted|Unrestricted| ||||funds|funds| ||||2022|2021| |||||F| ||Grants Receivable||262,640|262,110| |4|Charitable|activities||| ## |Unrestricted|Unrestricted| |---|---| |funds|funds| |2022|2021| ||F| |44,073|27,740| ## ## ## ## |||Unrestricted|Unrestricted| |---|---|---|---| |||funds|funds| |||2022|2021| |||K|| |Staff costs|||| |Depreciation
and impairment||384,153|267,966| |Commission
and discounts
Material
/ library
/ student
Sport hall costs
Staff canteen
/ welfare
/ entertainment||6,356
31,008
207,924
767|7,787
2,048
52,682| |Building costs
Marketing
costs
Bus passes
Other administration
costs - main||11,055
80,679
8,479
15,550|4,180
44,183
7,084
16| |Representation
/ British Council||26,448|19,837| |Subscriptions
and professional
fees
Bank charges
Loan interest
Loss on disposal oftangible
fixed assets||3,837
1,943
1,709
6,286|3,708
2,401
970
7,423| |||1,926|| |Share ofgovernance
costs (see|note )|788,120
12,030|420,285
9,679| |||800,150|429,964| ## ## ## ## |Employees|||||hwas:||| |---|---|---|---|---|---|---|---| |The average|monthly|number|of employees|during|te year|2022|2021| |||||||Number|Number| |||||||6|| |Administrative||||||12|| |Teaching||||||1|| |Premises|||||||| ||||||||12| |Total|||||||| |||||||2022|2021| |Employment|costs|||||f|| |||||||353,611|246,743| |Wages and|salaries|||||20,875|12,983| |Social security costs||||||9,667|8,240| |Other pension costs|||||||| |||||||384,153|267,966| ## ## ## |Tangible fixed asset|s||||| |---|---|---|---|---|---| |||Freehold land
and buildings|Plant and Motor vehicles
equipment||Total| |Cost|||||| |At 1 January 2022
Additions
Disposals||1,000,000|181,546
4,241|12,620|1,194,166
4,241| |At 31 December 2022||1,000,000|185,787|(11,820)
800|(11,820)
1,186,587| |Depreciation
and impairment|||||| |At 1 January 2022|||||| |Depreciation
charged
in the year
Eliminated
in respect ofdisposals|||160,552
6,309|10,254
47|170,806
6,356| |||||(9,644)|(9,644)| |At 31 December 2022|||||| ||||166,861|657|167,518| |Carrying
amount|||||| |At 31 December 2022||1,000,000|18,926|143|1,019,069| |At 31 December 2021||1,000,000|20,994|2,366|1,023,360| ## |Amounts
falling due within one year:|Amounts
falling due within one year:|2022|2021| |---|---|---|---| |Trade debtors|||| |Other debtors||152,418|139,323| |Prepayments|and accrued income|16,424|9,017| |||72,023|17,487| |||240,865|165,827| ## ## |12|Loans and overdrafts|Loans and overdrafts|||||2022
F|2021f| |---|---|---|---|---|---|---|---|---| ||||||||138,119|189,327| |||Bank loans||||||| ||||||||28,181|23,643| |||Payable
within one year|||||109,938|165,684| |||Payable after one year||||||| |||Amounts
included
above which||fall due after five years:||||| ||||||||2,789|34,755| |||Payable
by instalments||||||| |||The long-term
loans are secured|||by fixed charges over the freehold|land and building.||| |13||Creditors: amounts|falling due||within one year||2022|2021| |||||||Notes|F|F| |||||||12|28,181|23,643| |||Bank loans
Other taxation
and social security||||15|5,226
271,674|3,923
153,978| |||Deferred
income|||||43,486|4,066| |||Trade creditors|||||5,787|1,499| |||Other creditors|||||15,013|20,209| |||Accruals||||||| ||||||||369,367|207,318| ||14|Creditors: amounts|falling|due after more than one year|||2022|2021| |||||||Notes|F.|| |||||||12|109,938|165,684| |||Bank loans||||||| ||15|Deferred income||||||| ||||||||2022|2021| ||||||||F|F| |||Arising from course|fees||||271,674|153,978| ## ## ## |Deferre|d income||||| |---|---|---|---|---|---| ||||||(Continued)| |||||2022|2021| |Deferred|income is included||within:||| |Current|liabilities||||| |||||271,674|153,978| |Movements
in the year:|||||| |Deferred|income at 1 January||2022||| |Released
from previous
periods
Resources deferred
in the year||||153,978
(153,978)|54,802
(54,802)| |||||271,674|153,978| |Deferred|income at 31 December 2022||||| |||||271,674|153,978| ## ## ## ||2022|2021| |---|---|---| |Within one year||| |Between two and five years|3,744|3,744| ||12,096|8,064| ||15,840|11,808| ## ## ## |FOR|THE YEAR ENDED 31||DECE|BE|R 2022||||| |---|---|---|---|---|---|---|---|---|---| |||||||||(Continued)|| |18|Related party transactions||||||||| ||Trustees||||||||| ||There are no related
party transactions|||with any trustees||for both the current and prior|year.||| ||||||||2022||2021| |19|Cash generated
from operations||||||||| ||||||||34,682||22,512| ||Surplus for the year||||||||| ||Adjustments
for:
Investment
income recognised
in statement
offinancial
Loss on disposal oftangible fixed assets
Depreciation
and impairment
oftangible fixed assets|||||activities|(44,073)
1,926
6,356||(27,740)
7,787| ||Movements
in working
capital:||||||(75,038)||(61,004)| ||(Increase)
in debtors
Increase/(decrease)
in creditors||||||39,815
117,696||(9,973)
99,176| ||Increase
in deferred
income||||||||| ||Cash generated
from operations||||||81,364||30,758| |20|Analysis
ofchanges
in net||funds|||At 1January
2022
R|Cash flows|At 31|December
2022f| ||Cash at bank and
in hand|||||271,293|70,238||341,531| ||Loans falling due within one
Loans falling due after more|
|year
than one|year||(23,643)
(165,684)|(4,538)
55,746||(28,181)
(109,938)| |||||||81,966|121,446||203,412|