## ## ## ## |||||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|12-25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted
Unrestricted|Unrestricted
Unrestricted|Total|Unrestricted|Unrestricted|Total| |---|---|---|---|---|---|---|---|---| ||||funds|funds||funds|funds|| ||||general|designated||general|designated|| |||Notes|2021
F|2021
F|2021f|2020
E|2020f|2020
F| |~Income f om:||||||||| |Donations
and Grants|||351,970||351,970|845,879||845,879| |Charitable
activities|||1,031,704||1,031,704|763,225||763,225| |Investments||||||1,068||1,068| |Total income|||1,383,674||1,383,674|1,610,172||1,610,172| |Ex enditure
on:||||||||| |Charitable
activities||||||||| |Charitable
activities||6|1,703,168||1,703,168|2,509,531||2,509,531| |Grants payable||6|11,174||11,174|13,289||13,289| |Total charitable|expenditure||1,714,342||1,714,342|2,522,820||2,522,820| |Net expenditure|for the year/|||||||| |Net movement|in funds||(330,668)||(330,668)|(912,648)||(912,648)| |Fund balances|at 1|||||||| |January 2021|||6,316,800|46,427|6,363,227|7,229,448|46,427|7,275,875| |Fund balances|at 31|||||||| |December 2021|||5,986,132|46,427|6,032,559|6,316,800|46,427|6,363,227| ## |||||||2021||2020|| |---|---|---|---|---|---|---|---|---|---| ||||||Notes|f|||| |Fixed assets|||||||||| |Goodwill|||||9||357,443||402,123| |Tangible assets|||||10||7,702,688||7,747,192| |Investments|||||11||201||201| ||||||||8,060,332||8,149,516| |Current assets|||||||||| |Stocks|||||13|1,577||1,877|| |Debtors|||||14|179,839||113,447|| |Cash at bank||and|in|hand||124,533||192,027|| |||||||305,949||307,351|| |Creditors:|amounts|||falling due within|||||| |one year|||||16|(1,232,815)||(902,029)|| |Net current|liabilities||||||(926,866)||(594,678)| |Total assets||less|current liabilities||||7,133,466||7,554,838| |Creditors:
more than|amounts
one year|||falling due after|17||(1,100,907)||(1,191,611)| |Net assets|||||||6,032,559||6,363,227| |Income funds|||||||||| |Unrestricted||funds|-|designated|||46,427||46,427| |General
unrestricted||||funds||141,846||472,514|| |Revaluation||reserve||||5,844,286||5,844,286|| ||||||||5,986,132||6,316,800| ||||||||6,032,559||6,363,227| ## ## |||||||2021||2020| |---|---|---|---|---|---|---|---|---| |||||Notes|K|||E| |Cash flows from operating|||activities|||||| |Cash absorbed
by operations||||23|||(67,494)|(1,029,134)| |Investing|activities|||||||| |Investment|income received|||||||1,068| |Net cash|(used in)/generated||from|||||| |investing|activities|||||||1,068| |Financing|activities|||||||| |Proceeds|of new bank loans|||||||705,600| |Repayment|of bank loans|||||||(19,509)| |Net cash
financing|(used in)/generated
activities||from|||||686,091| |Net decrease
in cash and||cash equivalents|||||(67,494)|(341,975)| |Cash and|cash equivalents|at beginning||ofyear|||192,027|534,002| |Cash and|cash equivalents||at end of|year|||124,533|192,027| ## ## ## ## ## ## ## ## ## |Freehold
land and buildings
Fixtures, fittings 8 equipment|Buildings
straight
line 50years
Written
off in one to ten years of acquisition '| |---|---| |Motor vehicles|25% on the reducing
balance method| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Fee income|Ancillary|Rental Income|Total|Total| |---|---|---|---|---|---|---| ||||Income|||2020| |||||||E| |Income within charitable|activities|906,291|91,051|34,362|1,031,704|763,225| |Investments||||||| ||||||Total|Total| ||||||2021|2020| ||||||f.|E| |Interest receivable||||||1,068| ## ## ## ## ||||Charitable|Grants|Total|Total| |---|---|---|---|---|---|---| ||||activitiesf|payable|2021f|2020f| |Teachers' Salaries|||539,055||539,055|966,925| |Depreciation|and impairment||89,184||89,184|89,437| |Educational|Materials||23,727||23,727|27,880| |ITCosts|||79,466||79,466|93,141| |Publicity|||36,046||36,046|59,152| |Establishment|Expenses||133,968||133,968|167,563| |Administrative|Expenses||724,220||724,220|980,480| |Staff Courses ITraining|||1,844||1,844|5,381| |Student Accommodation|||(2,179)||(2,179)|37,581| |Financial Charges|||39,457||39,457|31,893| |Grants||||11,174|11,174|13,289| ||||1,664,788|11,174|1,675,962|2,472,722| |Share ofgovernance||costs (see note )|38,380||38,380|50,098| ||||1,703,168|11,174|1,714,342|2,522,820| ## ## ## ## |||2021|2020| |---|---|---|---| |||Number|Number| |Teaching||27|45| |Administration||21|35| |||48|80| |Employment|costs|2021f|2020
F| |Wages and salaries||1,007,892|1,610,180| |Social security|costs|88,244.|134,877| |Other pension|costs|103,626|137,345| |||1,199,762|1,882,402| |The number
of employees
whose
annual
remun
more were:|eration
was f60,000 or|| |---|---|---| ||2021|2020| ||Number|Number| |F60,000-F70,000|1|1| ## |9|Intangible
fixed assets|Intangible
fixed assets|||||| |---|---|---|---|---|---|---|---| ||||||||Goodwill| ||Cost||||||| ||At 1 January 2021 and|31 December 2021|||||446,803| ||Amortisation
and impairment||||||| ||At 1 January 2021||||||44,680| ||Amortisation
charged for the year||||||44,680| ||At 31 December 2021||||||89,360| ||Carrying
amount||||||| ||At 31 December 2021||||||357,443| ||At 31 December 2020||||||402,123| |10|Tangible fixed assets||||||| ||||Freehold land|Fixtures, Motor vehicles|||Total| ||||and buildings|fittings|&||| |||||equipment|||| ||Cost or valuation||||||| ||At 1 January 2021||7,865,000|349,463||13,788|8,228,251| ||At 31 December 2021||7,865,000|349,463||13,788|8,228,251| ||Depreciation
and impairment||||||| ||At 1 January 2021||119,644|349,463||11,952|481,059| ||Depreciation
charged|in the year|44,044|||460|44,504| ||At 31 December 2021||163,688|349,463||12,412|525,563| ||Carrying
amount||||||| ||At 31 December 2021||7,701,312|||1,376|7,702,688| ||At 31 December 2020||7,745,356|||1,836|7,747,192| ## |10|Tangible fixed assets||||||(Continued)|(Continued)| |---|---|---|---|---|---|---|---|---| |11|Fixed asset investments|||||||| |||||||||Other| ||||||||investments|| ||Cost or valuation|||||||| ||At 1 January 2021 &31 December 2021|||||||201| ||Carrying
amount|||||||| ||At 31 December 2021|||||||201| ||At 31 December 2020|||||||201| ||Other investments
comprise:||||Notes|2021
F||2020f| ||Investments
in subsidiaries||||12||201|201| |12|Fixed Asset Investments|||||||| ||Name of undertaking|Registered|||Nature of business|Class of|%|Held| |||office||||shares held|Direct|Indirect| ||English
In Chester Limited|33Palmeira|Mansions,||Dormant|Ordinary|100.00|| |||Hove, England,||BN3 2GB||||| ||Stanley Place (Holdings)|33 Palmeira|Mansions,||Dormant|Ordinary||100.00| ||Limited|Hove, England,||BN3 2GB||||| ||Eastbourne
School of|8Trinity Trees,|||Dormant|Guarantee|100.00|| ||English
Limited|Eastbourne,|Sussex,|||||| |||BN21 3LD||||||| |13|Stocks|||||||| |||||||2021
K||2020f| ||Finished goods and goods|for resale||||1,577||1,877| ## |14|Debtors|||| |---|---|---|---|---| ||Amounts|falling due within one year:|2021f|2020f| ||Trade debtors||152,975|109,074| ||Other debtors||26,864|4,373| ||||179,839|113,447| |15|Loans and overdrafts|||| ||||2021|2020| |||||F| ||Bank loans||1,191,611|1,191,611| ||Payable|within one year|90,704|| ||Payable|after one year|1,100,907|1,191,611| |16|Creditors:|amounts|amounts|falling|due within one year|||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| |||||||Notes||| ||Bank loans|||||15|90,704|| ||Other taxation||and social security||||22,759|17,313| ||Deferred
income||||||511,899|453,026| ||Payments|received||on account|||465,428|354,238| ||Trade creditors||||||141,824|77,251| ||Amounts
owed||to subsidiary||undertakings||201|201| ||||||||1,232,815|902,029| |17|Creditors:|amounts||falling|due after more than one year|||| |||||||Notes|2021f|2020| ||Bank loans|||||15|1,100,907|1,191,611| ## ## ## ## ## ## |Analysis
|ofnet assets|between funds|||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Designated|Total|Unrestricted|Designated|Total| |||funds|funds||funds|funds|| |||2021|2021|2021|2020|2020|2020| |||||f|||| |Fund balances at 31|||||||| |December|2021 are||||||| |represented|by:||||||| |Intangible|fixed assets|357,443||357,443|402,123||402,123| |Tangible assets||7,702,688||7,702,688|7,747,192||7,747,192| |Investments||201||201|201||201| |Current assets/|||||||| |(liabilities)||(973,293)|46,427|(926,866)|(641,105)|46,427|(594,678)| |Long term|liabilities|(1,100,907)||(1,100,907)|(1,191,611)||(1,191,611)| |||5,986,132|46,427|6,032,559|6,316,800|46,427|6,363,227| ## ||2021f|2020
f.| |---|---|---| |Within one year|10,661|12,637| |Between two and five years|2,930|14,239| ||13,591|26,876| ## ## ## ## |23|Cash generated
from|operations|||||2021|2020| |---|---|---|---|---|---|---|---|---| |||||||||8| ||Deficit for the year||||||(330,668)|(912,648)| ||Adjustments
for:|||||||| ||Investment
income recognised
in statement|||offinancial|activities|||(1,068)| ||Depreciation
and impairment
oftangible||fixed assets||||89,184|89,336| ||Movements
in working|capital:||||||| ||Decrease
in stocks||||||300|3,008| ||(Increase)/decrease
in|debtors|||||(66,392)|334,716| ||Increase/(decrease)
in|creditors|||||181,209|(640,220)| ||Increase
in deferred
income||||||58,873|97,742| ||Cash absorbed
by operations||||||(67,494)|(1,029,134)| |24|Analysis of changes|in net (debt)/funds||||||| |||||||At 1 January|Cash flows|At 31 December| |||||||2021||2021| ||Cash at bank and
in hand|||||192,027|(67,494)|124,533| ||Loans falling due within|one year|||||(90,704)|(90,704)| ||Loans falling due after|more than one year||||(1,191,611)|90,704|(1,100,907)| |||||||(999,584)|(67,494)|(1,067,078)| ##