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2024-06-30-accounts
|
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 |