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||Page|
|---|---|
|Referenceandadministrativedetailsofthecharity,itsCouncilofManagementand|1|
|advisers||
|CouncilofManagement'sreport|2-6|
|Independentauditors’report|7-10|
|Statementoffinancialactivities|11|
|Balancesheet|12|
|Statementofcashflows|13|
|Notestothefinancialstatements|14-24|





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|||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|











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||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|





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|||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|





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|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|-|





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||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|





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||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|



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|||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|





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|||2024|2023|
|---|---|---|---|
|||£|£|
|Notlaterthan|<br>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|