| Page | |
|---|---|
| Referenceandadministrativedetailsofthecharity,itsCouncilofManagementand | 1 |
| advisers | |
| CouncilofManagement'sreport | 2-6 |
| Independentauditors’report | 7-10 |
| Statementoffinancialactivities | 11 |
| Balancesheet | 12 |
| Statementofcashflows | 13 |
| Notestothefinancialstatements | 14-24 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2024 | 2024 | 2023 | ||
| Note | £ | £ | £ | |
| Incomefrom: | ||||
| Charitableactivities | 5 | 8,569,750 | 8,569,750 | 7,997,529 |
| Investments | 6 | 10,022 | 10,022 | 6,875 |
| Otherincome | 7 | 377,840 | 377,840 | 848068 |
| Totalincome | 8,957,612 | 8,957,612 | 8,852,472 | |
| Expenditureon: | ||||
| Charitableactivities | 8 | 7,980,342 | 7,980,342 | 7,196,531 |
| Totalexpenditure | 7,980,342 | 7,980,342 | 7,196,531 | |
| Netmovementinfunds | 977,270 | 977,270 | 1,655,941 | |
| Reconciliationoffunds: | ||||
| Totalfundsbroughtforward | 2,180,756 | 2,180,756 | 524,815 | |
| Netmovementinfunds | 977,270 | 977,270 | 1,655,941 | |
| Totalfundscarriedforward | 3,158,026 | 3,158,026 | 2,180,756 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciationoftangiblefixedassets | 74,757 | 69,323 |
| Auditors'remuneration-audit | 18,575 | 18,690 |
| Auditors'remuneration-nonauditservices | 14,685 | 12,390 |
| Operatingleaserentals-officeequipment | 11,482 | 9,906 |
| Operatingleaserentals-landandbuildings | 367,764 | 320,723 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2024 | 2024 | 2023 | ||
| £ | £ | £ | ||
| Provisionof | educationalprogrammestostudents | 8,569,750 | 8,569,750 | 7,997,499 |
| Provisionof | accommodationtostudents | - | - | 30 |
| 8,569,750 | 8,569,750 | 7,997,529 |
| 6. | Investmentincome | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2024 | 2024 | 2023 | ||
| £ | £ | £ | ||
| Bankandotherinterestreceivable-UK | 10,022 | 10,022 | 6,875 | |
| 7. | Otherincomingresources | |||
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2024 | 2024 | 2023 | ||
| £ | £ | £ | ||
| Leaseincentiveincome | 377,840 | 377,840 | 848,069 | |
| 8. | Expenditureoncharitableactivities | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Tuitionanduniversityfees | 1,554,648 | 1,356,192 | ||
| Academicsupportcosts | 208,333 | 223,621 | ||
| Student housingandmeals | 2,987,411 | 2,558,101 | ||
| Studentservices | 393,391 | 508,470 | ||
| Rent | 692,152 | 526,218 | ||
| Buildingfacilitiesmanagementrepairs | 104,780 | 150,438 | ||
| Propertyinsurance | 820 | 6,999 | ||
| Otherbuildingcosts | 265,451 | 185,123 | ||
| Telecommunications | 53,067 | 75,762 | ||
| Professionalcosts | 117,220 | 220,565 | ||
| Administrationcosts | 80,047 | 69,950 | ||
| Bankcharges | 1,995 | 1,650 | ||
| Wagesandsalaries | 1,276,887 | 1,099,683 | ||
| Nationalinsurance | 116,020 | 102,584 | ||
| Pensioncost | 53,363 | 41,852 | ||
| Depreciation | 74,757 | 69,323 | ||
| 7,980,342 | 7,196,531 |
| 9. | Staffcosts | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Wagesandsalaries | 1,276,887 | 1,099,683 | |
| Socialsecuritycosts | 116,020 | 102,584 | |
| Contributiontodefinedcontributionpensionschemes | 53,363 | 41,852 | |
| 1,446,270 | 1,244,119 |
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Administration | 18 | 13 |
| Academic | 36 | 31 |
| 54 | 44 |
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| No. | No. | |||||
| In | the | band£60,001 | - | £70,000 | 1 | - |
| In | the | band£150,001 | -£160,000 | - | 4 | |
| In | the | band£170,001 | -£180,000 | 1 | - |
| Short | Furniture | ||
|---|---|---|---|
| leasehold | and | ||
| property | Equipment | Total | |
| £ | £ | £ | |
| Costorvaluation | |||
| At1July2023 | 716,450 | 117,762 | 834,212 |
| Additions | 76,071 | - | 76,071 |
| Disposals | - | (12,697) | (12,697) |
| At30June2024 | 792,521 | 105,065 | 897,586 |
| Depreciation | |||
| At1July2023 | 47,763 | 36,606 | 84,369 |
| Chargefortheyear | 53,196 | 21,561 | 74,757 |
| Ondisposals | - | (12,697) | (12,697) |
| At30June2024 | 100,959 | 45,470 | 146,429 |
| Netbookvalue | |||
| At30June2024 | 691,562 | 59,595 | 751,157 |
| At30June2023 | 668,687 | 81,156 | 749,843 |
| Unlisted | |
|---|---|
| investments | |
| £ | |
| Costorvaluation | |
| At1July2023 | 2 |
| At30June2024 | 2 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Duewithinoneyear | ||
| Otherdebtors | 707,859 | 333,809 |
| Prepaymentsandaccruedincome | 1,934,573 | 871,693 |
| Taxrecoverable | - | 362 |
| 2,642,432 | 1,205,864 | |
| Creditors:Amountsfallingduewithinoneyear | ||
| 2024 | 2023 | |
| £ | £ | |
| Othertaxationandsocialsecurity | 30,990 | 28,257 |
| Othercreditors | . | 52,415 |
| Accrualsanddeferredincome | 500,191 | 310,717 |
| 531,181 | 391,389 |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Financial | assets | ||
| Financial | assetsmeasuredatamortisedcost | 707,859 | 334,172 |
| 2024 | 2023 | ||
| £ | £ | ||
| Financial | liabilities | ||
| Financial | liabilitiesmeasuredatamortisedcost | 531,181 | 391,389 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Netincomefortheperiod(asperStatementofFinancialActivities) | 977,270 | 1,655,941 | ||
| Adjustmentsfor: | ||||
| Depreciationcharges | 74,757 | 69,323 | ||
| Increaseindebtors | (1,058,729) | (505,923) | ||
| Increaseincreditors | 49,492 | 29,640 | ||
| Netcashprovidedbyoperatingactivities | 42,790 | 1,248,981 | ||
| 17. | Analysisofcashandcashequivalents | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Cashinhand | 295,616 | 616,436 | ||
| 18. | Analysisofchangesinnetdebt | |||
| At1July | At30June | |||
| 2023 | Cashflows | 2024 | ||
| £ | £ | £ | ||
| Cashatbankandinhand | 616,436 | (320,820) | 295,616 | |
| 616,436 | (320,820) | 295,616 |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Notlaterthan | 1year |
528,824 | 2,499,784 |
| Laterthan1 | yearandnotlaterthan5years | 2,099,323 | 1,496,987 |
| Laterthan5 | years | 4,260,465 | 3,401,817 |
| 6,888,612 | 7,398,588 |