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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Fund|2021|2020|
||Notes £||£|£|£|
|INCOME:||||||
|Donations|||6,794|6,794|2,204|
|Government grants|||72,054|72,054|151,778|
|Charitable activities:||||||
|College fees|3|4,994,127||4,994,127|5,443,767|
|Other educational activities|3|223,397||223,397|315,570|
|Ancillary trading income|3|111,391||111,391|129,756|
|Other trading activities|4|26,653||26,653|60,003|
|Total incoming resources||5,355,568|78,847 5,434,415||6,103,078|
|EXPENDITURE:||||||
|Charitable activities:||||||
|College operating costs||6,058,903|78,847 6,137,750 6,113,550|||
|Total expenditure||6,058,903|78,847 6,137,750||6,113,550|
|NET OPERATING (DEFICIT)||(703,335)||(703,335)|(10,472)|
|Gain on revaluation of investment property||175,000||175,000|602,089|
|Write-dpwn of other tangible fixed assets||(1,659,059)||(1,659,059)||
|NET (EXPENDITURE)/INCOME||||||
|(including property revaluation and fixed||||||
|asset write-down)||(2,187,394) - (2,187,394)|||591,617|
|Funds brought forward 1 September 2020||4,001,151 1,336 4,002,487 3,410,870||||
|Funds carried forward 31 August 2021|14|1,813,757|1,336 1,815,093||4,002,487|
##
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||||2021|||2020|
|---|---|---|---|---|---|---|
||Notes||||||
|FIXED ASSETS|||||||
|Tangible assets|8|||2,237,381||4,629,663|
|CURRENT ASSETS|||||||
|Residential property for sale|8|875,000|||||
|Debtors|9|103,797|||138,112||
|Cash at bank and in hand||1,126,088|||1,308,336||
|||2,104,885|||1,446,448||
|CREDITORS: Amounts falling due|||||||
|within one year|10|1,914,481|||1,424,137||
|NET CURRENT ASSETS||||190,404||22,311|
|TOTAL ASSETS LESS CURRENT|||||||
|LIABILITIES||||2,427,784||4,651,974|
|CREDITORS: Amounts falling due|||||||
|after more than one year|11|||612,690||649,487|
|TOTAL NET ASSETS||||1,815,093||4,002,487|
|FUNDS OF THE CHARITY:|||||||
|Restricted funds|14|||1,336||1,336|
|Unrestricted funds|14|||984,443||3,346,837|
|Fair value reserve|14|||829,314||654,314|
|TOTAL FUNDS|14|||1,815,093||4,002,487|
##
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||2021|2020|
|---|---|---|
||£ £|£ £|
|Cash flows from operating activities|||
|Net movement in funds|(2,187,394)|591,618|
|Interest payable|10,703|14,793|
|Depreciation|96,866|89,493|
|Gain on investment property valuation|(175,000)|(602,089)|
|Write-down of fixed assets|1,659,059||
|Decrease in debtors|34,315|60,991|
|Increase/(Decrease) in creditors|541,290|(157,906)|
||2,167,233|(594,718)|
|Cash (absorbed) by operating activites|(20,161)|(3,100)|
|Cash flows from investing activites|||
|Purchase of tangible fixed assets|(63,643)|(30,495)|
|Net cash used by investing activities|(63,643)|(30,495)|
|Cash flows from financing activities|||
|Bank loan repayments|(87,741)|(84,421)|
|Interest|(10,703)|(14,793)|
|Net cash used by financing activites|(98,444)|(99,214)|
|Change in cash in year|(182,248)|(132,809)|
|Cash at the beginning of the year|1,308,336|1,441,145|
|Cash at the end of the year|1,126,088|1,308,336|
##
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||Balance at Cash flow|Balance at|
|---|---|---|
||1 September 31|August|
||2020 2021||
|Net cash|||
|Cash at bank and in hand|1,308,336 (182,248)|1,126,088|
||1,308,336 (182,248)|1,126,088|
|Debt|||
|Bank loan:|||
|Debt due within 1 year|(87,708)
(756)|(88,464)|
|Debt due after 1 year|(372,114)
88,497|(283,617)|
||(459,822)
87,741|(372,081)|
|Total|848,514
(94,507)|754,007|
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||2021|2020|
|---|---|---|
||£|£|
|College fees|||
|Gross tuition fees|5,454,573|5,921,481|
|Less: scholarships, bursaries, discounts and allowances|(460,446)|(477,714)|
||4,994,127|5,443,767|
|Other educational activities|||
|Language, music, dance and other tuition|199,914|233,224|
|College trips and courses|19,523|73,918|
|Other activities|3,961|8,428|
||223,397|315,570|
|Ancillary trading income|||
|Coach, taxis and other pupil travel|70,151|81,766|
|Exam fees|5,367|3,563|
|Pupil insurance|8,592|10,352|
|Registration & entrance fees|15,756|13,528|
|After-school clubs|823|3,139|
|Other activities|10,702|17,408|
||111,391|129,756|
|4. ACTIVITIES FOR GENERATING FUNDS|||
||2021|2020|
||£|£|
|Letting of College facilities|25,653|58,003|
|Non-repayable acceptance fees and charges for late fees|1,000|2,000|
||26,653|60,003|
|5. EXPENDITURE|||
|The year's net operating deficit is stated after charging|||
||2021|2020|
||£|£|
|Depreciation - owned assets|96,866|89,493|
|Operating lease rentals|34,495|21,959|
|Auditors' remuneration for audit|7,000|7,000|
|Auditors' remuneration for other services|5,000|5,000|
|Bank loan interest|10,703|14,793|
|Governors' liability insurance|964|964|
##
|Staff costs comprise:|||
|---|---|---|
||2021|2020|
||£|£|
|Salaries and wages|3,156,294|3,042,472|
|Social security|306,029|292,866|
|Pension contributions|529,266|512,398|
||3,991,588|3,847,736|
||2021||2020||
|---|---|---|---|---|
|||Full-time||Full-time|
||Individuals|equivalent|Individuals|equivalent|
|Teaching staff|80|62|79|63|
|Non-teaching staff|30|20|34|23|
||110|82|113|86|
##
||Staff 2021 2020|Staff 2021 2020|Staff 2021 2020|Staff 2021 2020|Staff 2021 2020|
|---|---|---|---|---|---|
||Costs|Other Depreciation Total Total||||
|Charitable activities||||||
|College operating costs||||||
|Teaching|3,071,843|247,343|37,082|3,356,268|3,649,813|
|Welfare||686,725|6,643|693,367|618,107|
|Premises|176,074|504,601|46,498|727,173|837,275|
|Support|841,286|440,056|6,643|1,287,984|954,564|
|Governance||72,958||72,958|53,791|
|Total resources expended|4,089,202|1,951,682 96,866||6,137,750 6,113,550||
##
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|||||Fixtures,|||
|---|---|---|---|---|---|---|
|||Long||Fittings,|||
|||Leasehold||Furniture|||
||Investment|Land and|Motor|and|||
||property|Property|Vehicles|Equipment|Computers|Total|
||£|£|£|£|£|£|
|COST OR VALUATION|||||||
|At 1 September 2020|700,000|5,211,151|97,584|1,625,846|391,991|8,026,571|
|Additions||||15,029|48,614|63,643|
|Revaluation|175,000|||||175,000|
|Reclassification|(875,000)|||||(875,000)|
|Write-down||(1,536,366)||(70,750)|(51,943)|(1,659,059)|
|At 31 August 2021||3,674,785|97,584|1,570,125|388,662|5,731,155|
|DEPRECIATION|||||||
|At 1 September 2020||1,437,404|97,584|1,503,699|358,222|3,396,909|
|Charge for the year||||66,426|30,440|96,866|
|At 31 August 2021||1,437,404|97,584|1,570,125|388,662|3,493,774|
|NET BOOK VALUE|||||||
|At 31 August 2021||2,237,381||||2,237,381|
|At 31 August 2020|700,000|3,773,747||122,147|33,769|4,629,663|
##
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|9. DEBTORS|||
|---|---|---|
||2021|2020|
||£|£|
|Debtors for fees and lettings|24,462|24,832|
|Prepayments and accrued income|79,335|113,280|
||103,797|138,112|
|10. CREDITORS: Amounts falling due within one year|||
||2021|2020|
||£|£|
|Bank loan|88,464|87,708|
|Trade creditors|237,497|187,493|
|Fees received in advance|1,280,036|857,696|
|Repayable acceptance fees|26,695|24,250|
|Social security and other taxes|74,313|72,894|
|Other creditors|59,003|57,865|
|Accrued expenses|148,473|136,231|
||1,914,481|1,424,137|
##
||2021|2020|
|---|---|---|
||£|£|
|Bank loan|283,617|372,114|
|Repayable acceptance fees|295,838|277,373|
|Fees received in advance|33,235||
||612,690|649,487|
##
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##
|Fees received in advance comprise the following:|||
|---|---|---|
||2021|2020|
||£|£|
|Fees received in respect of the next academic year|1,280,036|857,696|
|Fees received in respect of subsequent academic years|33,235||
||1,313,271|857,696|
##
|The Charity's borrowings mature as follows:|||
|---|---|---|
||2021|2020|
||£|£|
|Bank loans:|||
|In less than one year|88,464|87,708|
|In more than one year but less than two years|91,154|90,375|
|In more than two years but less than five years|192,463|281,739|
|After five years|||
||372,081|459,822|
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||Balance at||||Write-down|Balance at|
|---|---|---|---|---|---|---|
||1 September|Incoming|Revaluation|Resources|affixed|31 August|
||2020|Resources|Gain|Expended|assets|2021|
||£|£|£|£|£|£|
|Unrestricted funds|3,346,837|5,355,568||6,058,903|1,659,059|984,443|
|Fair value reserve|654,314||175,000|||829,314|
|Restricted funds;|||||||
|Government Grants||72,054||72,054|||
|Equipment Fund|1,336|6,794||6,794||1,336|
||1,336|78,847||78,848||1,336|
|Total funds|4,002,487|5,434,415|175,000|6,137,751|1,659,059|1,815,093|
##
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||2021|2020|
|---|---|---|
||£|£|
|Expiring:|||
|- within one year|6,043|18,368|
|- between two and five years|2,994|9,037|
||9,037|27,405|
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||Unrestricted|Unrestricted|Restricted|Restricted|Restricted||Total|
|---|---|---|---|---|---|---|---|
|||Funds|Fund||||2020|
|||£|||£||£|
|INCOME:||||||||
|Donations|||2,||204||2,204|
|Government Grants|||151,||778||151,778|
|Charitable activities:||||||||
|College fees|5,443,767|||||5|,443,767|
|Other educational activities||315,570|||||315,570|
|Ancillary trading income||129,756|||||129,756|
|Other trading activities||60,003|||||60,003|
|Interest receivable||||||||
|Total incoming resources|5,949,096||153,||982|6|,103,078|
|EXPENDITURE:||||||||
|Charitable activities:||||||||
|College operating costs|5,959,568||153,982|||6,113,550||
|Total expenditure|5|,959,568|153|,982||6,113,550||
|Gain on investment property revaluation||602,089|||||602,089|
|NET INCOME||591,617|||||591,617|
|Funds brought forward 1 September 2019|3|,409,534|1|,336||3,410,870||
|Funds carried forward 31 August 2020|4|,001,151|1|,336||4,002,487||
|22. FINANCIAL INSTRUMENTS||||||||
||||2021||||2020|
||||||£||£|
|Financial liabilities measured at amortised cost|||727,849||||761,445|
|Interest on financial liabilities measured at amortised cost|||10,703||||14,793|
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