2022-12-31-accounts - The English Language Centre

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Notes	2022 f
Cash flows from operating	activities
Cash generated from/(absorbed by) operations		22		482,382	(67,494)
Investing activities
Proceeds on disposal ofsubsidiaries			201
Net cash generated from/(used in)
investing activities				201
Financing activities
Repayment of bank loans			(76,561)
Net cash used in financing	activities			(76,561)
Net increase/(decrease) in equivalents	cash and cash			406,022	(67,494)
Cash and cash equivalents	at beginning	ofyear		124,533	192,027
Cash and cash equivalents	at end of	year		530,555	124,533

			Unrestricted	Unrestricted
			funds	funds
			general	general
			2022	2021
				f.
Grants receivable for core activities
Coronavirus	Job Retention Scheme			304,970
Local Authority		Grants		47,000
Other			2,913
			2,913	351,970

				Fee income	Ancillary	Rental Income	Total	Total
					income			2021
Income	within	charitable	activities	2,721,309	240,701	35,182	2,997,192	1,031,704

				Charitable	Grants	Total	Total
				activities	payable	2022f	2021 E
Teachers' Salaries				1,038,034		1,038,034	539,055
Depreciation		and impairment		89,068		89,068	89,184
Educational	Materials			63,936		63,936	23,727
ITCosts				119,197		119,197	79,466
Publicity				174,627		174,627	36,046
Establishment		Expenses		297,748		297,748	133,968
Administrative		Expenses		925,690		925,690	724,220
Staff Courses		/ Training		4,539		4,539	1,844
Student Accommodation				(34,814)		(34,814)	(2,179)
Financial Charges				59,578		59,578	39,457
Grants					31,036	31,036	11,174
				2,737,603	31,036	2,768,639	1,675,962
Share ofgovernance			costs (see note )	18,721		18,721	38,380
				2,756,324	31,036	2,787,360	1,714,342

Intangible Axed assets
	Goodwill
Cost
At 1 January 2022 and 31 December 2022	446,803
Amortisation and impairment
At 1 January 2022	89,360
Amortisation charged for the year	44,680
At 31 December 2022	134,040
Carrying amount
At 31 December 2022	312,763
At 31 December 2021	357,443

Tangible fixed assets
		Freehold land	Fixtures, Motor vehicles		Total
		and buildings	fittings &
			equipment	f
Cost or valuation
At 1 January 2022		7,865,000	349,463	13,788	8,228,251
At 31 December 2022		7,865,000	349,463	13,788	8,228,251
Depreciation and impairment
At 1 January 2022		163,688	349,463	12,412	525,563
Depreciation charged	in the year	44,044		344	44,388
At 31 December 2022		207,732	349,463	12,756	569,951
Carrying amount
At 31 December 2022		7,657,268		1,032	7,658,300
At 31 December 2021		7,701,312		1,376	7,702,688

10	Fixed asset invest	ments
									Other
								investments
	Cost or valuation
	At 1 January 2022								201
	Disposals								(201)
	At 31 December 2022
	Carrying amount
	At 31 December 2022
	At 31 December 2021								201
	Other investments	comprise:				Notes	2022f		2021f
	Investments in subsidiaries								201
11	Fixed Asset Investments
	Name ofundertaking		Registered			Nature ofbusiness	Class of	%	Held
			oNce				shares held	Direct	Indirect
	English In Chester	Limited	33 Palmeira	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
12	Stocks
								2022f	2021
	Finished goods and goods for resale							971	1,577

13	Debtors
	Amounts falling due		within	one	year:		2022f	2021f
	Trade debtors						350,271	152,975
	Other debtors						181,714	26,864
							531,985	179,839
14	Loans and overdrafts
							2022	2021
	Bank loans						1,115,050	1,191,611
	Payable within	one year					748,407	90,704
	Payable after one year						366,643	1,100,907
	Amounts included above which fall due after five years:
	Payable by instalments						93,763	161,983
	The long-term	loans are secured			by tixed charges over the properties	held by	the company.
15	Creditors: amounts		falling	due	within one year
							2022	2021
					Notes			F
	Bank loans					14	748,407	90,704
	Other taxation	and social security					49,351	22,759
	Deferred income						600,229	511,899
	Payments received on account						633,966	465,428
	Trade creditors						390,674	141,824
	Amounts owed	to subsidiary		undertakings				201
							2,422,627	1,232,815
16	Creditors: amounts		falling	due	after more than one year
							2022	2021
					Notes			E
	Bank loans					14	366,643	1,100,907

20	Operating lease commitments	Operating lease commitments
	At the reporting end date the	charity	had outstanding			commitments	for future	minimum	lease payments	under
	non-cancellable operating leases, which			fall due	as follows:
									2022	2021
	Within one year Between two and five years								4,461	10,661 2,930
									4,461	13,591
21	Related party transactions
	Remuneration ofkey management		personnel
	The remuneration of key management			personnel is as follows.
									2022	2021
										F
	Aggregate compensation								266,777	211,379
	There were no other related	party transactions			in the	period to disclose.
22	Cash generated from operations								2022	2021f
	Surplus/(deficit) for the year								212,745	(330,668)
	Adjustments for: Depreciation and impairment	oftangible fixed assets							89,068	89,184
	Movements in working capital: Decrease in stocks								606	300
	(Increase) in debtors increase in creditors								(352,146) 443,779	(66,392) 181,209
	Increase in deferred income								88,330	58,873
	Cash generated from/(absorbed		by)	operations					482,382	(67,494)

Analysis ofchanges in net (debt)/funds	Analysis ofchanges in net (debt)/funds
		At 1 January	Cash flows	At 31 December
		2022		2022f
Cash at bank and	in hand	124,533	406,022	530,555
Loans falling due	within one year	(90,704)	(657,703)	(748,407)
Loans falling due	after more than one year	(1,100,907)	734,264	(366,643)
		(1,067,078)	482,583	(584,495)