| Page | ||
|---|---|---|
| Report ofthe Trustees | 1 to | 9 |
| Report ofthe Independent Auditors |
10 to | 13 |
| Statement of Financial Activities | 14 | |
| Balance Sheet | ||
| Cash Flow Statement | 16 | |
| Notes to the Cash Flow Statement | 17 | |
| Notes tothe Financial Statements | 18 to | 30 |
| Detailed Statement of Financial Activities |
31 to | 32 |
| Academic achievements | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| The charity offers individual support in English |
and Maths, | as specified | in each student's | EHCP | (Education, | |||||
| Health and Care Plan). Each year we are very |
proud | and | delighted | by | our students' | achievements. | This | |||
| year our students have succeeded in gaining the |
following: | |||||||||
| Number of | Number | of | Success | |||||||
| Qualification: | students | entered: | students | achieved: | rate: | |||||
| BTEC Subsidiary Award in Work Skills (Entry |
||||||||||
| Level 3) | 100Y | |||||||||
| BTECExtended Award in Work Skills (70 GLH) |
||||||||||
| (Entry Level 3) | 1009o | |||||||||
| Certificate in Skills for Independence &Work |
1009o | |||||||||
| Subsidiary Award in Prevocational Studies |
||||||||||
| (Entry Level 2) | 100Yo | |||||||||
| Award in Prevocational Studies (Entry Level 2) |
1009o | |||||||||
| BTEC Home Cooking Skills Level 1Award | 1009o | |||||||||
| Functional Skills Mathematics at Entry 1 |
1009o | |||||||||
| Functional Skills Mathematics at Entry 2 |
100Yo | |||||||||
| Functional Skills English at Entry 1- Reading |
100/a | |||||||||
| Functional Skills English at Entry 2 |
100lo | |||||||||
| LASER Level 11ntroductory Certificate for |
||||||||||
| Learning, Employability and Progression (Entry |
||||||||||
| 3) | 1009o | |||||||||
| LASER Entry Level Award for Learning, | ||||||||||
| Employability and progression (Entry 3) |
100Yo |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| Notes | f | E | E | f | ||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Donations and legacies |
2 | 25,702 | 217,044 | 242,746 | 176,727 | |||
| Charitable activities |
||||||||
| College income | 1,528,394 | 1,528,394 | 1,464,933 | |||||
| Cohousing income |
643,872 | 643,872 | 607,688 | |||||
| Other trading activities | 3 | 23,452 | 23,452 | 17,956 | ||||
| Investment income |
4 | 989 | 989 | 2,235 | ||||
| Total | 2,222,409 | 217,044 | 2,439,453 | 2,269,539 | ||||
| EXPENDITURE ON | ||||||||
| Raising funds | 1,618 | 1,618 | 10,259 | |||||
| Charitable activities |
||||||||
| Staff costs | 1,179,448 | 8,632 | 1,188,080 | 1,067,157 | ||||
| Allocated support | costs | 834,970 | 29,660 | 864,630 | 770,337 | |||
| Governance costs |
25,121 | 25,121 | 19,114 | |||||
| Bursaries | 262 | 262 | ||||||
| Total | 2,041,157 | 38,554 | 2,079,711 | 1,866,867 | ||||
| NET INCOME | 181,252 | 178,490 | 359,742 | 402,672 | ||||
| Transfers between | funds | 21 | 458,236 | (458,236) | ||||
| Net movement in |
funds | 639,488 | (279,746) | 359,742 | 402,672 | |||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 3,373,239 | 384,693 | 3,757,932 | 3,355,260 | |||
| TOTAL FUNDS CARRIED FORWARD | 4,012,727 | 104,947 | 4,117,674 | 3,757,932 |
| 31 | July 2022 | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | f | f | f | f | ||
| FIXED ASSETS | ||||||
| Tangible assets | 14 | 3,163,465 | 3,163,465 | 2,896,111 | ||
| CURRENT ASSETS | ||||||
| Debtors | 15 | 154,693 | 154,693 | 144,848 | ||
| Cash at bank and | in hand | 2,009,895 | 104,947 | 2,114,842 | 2,150,906 | |
| 2,164,588 | 104,947 | 2,269,535 | 2,295,754 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
16 | (245,345) | (245,345) | (252,008) | ||
| NET CURRENT ASSETS | 1,919,243 | 104,947 | 2,024,190 | 2,043,746 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 5,082,708 | 104,947 | 5,187,655 | 4,939,857 | ||
| CREDITORS | ||||||
| Amounts falling due after more than one |
||||||
| year | 17 | (1,069,981) | (1,069,981) | (1,181,925) | ||
| NET ASSETS | 4,012,727 | 104,947 | 4,117,674 | 3,757,932 | ||
| FUNDS | 21 | |||||
| Unrestricted funds |
4,012,727 | 3,373,239 | ||||
| Restricted funds |
104,947 | 384,693 | ||||
| TOTAL FUNDS | 4,117 674 | 3 757932 |
| Cash Flow Statement | Cash Flow Statement | ||||
|---|---|---|---|---|---|
| for | the Year Ended 31July 2022 | ||||
| 2022 | 2021 | ||||
| Notes | E | E | |||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
1 | 517,663 | 506,736 | ||
| Interest paid |
(24,215) | (25,082) | |||
| Net cash provided by operating activities |
493,448 | 481,654 | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed |
assets | (438,771) | (177,152) | ||
| Sale oftangible fixed assets |
7,459 | ||||
| Interest received | 989 | 2,235 | |||
| Net cash used in investing |
activities | (430,323) | (174,917) | ||
| Cash flows from financing | activities | ||||
| Loan repayments in year |
(99,189) | (62,030) | |||
| Net cash used in financing |
activities | (99,189) | (62,030) | ||
| Change in cash and cash equivalents |
in | ||||
| the reporting period |
(36,064) | 244,707 | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting |
period | 2,150,906 | 1,906,199 | ||
| Cash and cash equivalents | at the end | ||||
| ofthe reporting period |
2,114,842 | 2,150,906 |
| for the Year Ended 31July 2022 | for the Year Ended 31July 2022 | for the Year Ended 31July 2022 | for the Year Ended 31July 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| RECONCILIATION | OF | NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | ||||||||
| 2022 | 2021 | ||||||||||
| f | f | ||||||||||
| Net income | for the | reporting | period (as | per the Statement of | |||||||
| Financial Activities) | 359,742 | 402,672 | |||||||||
| Adjustments | for: | ||||||||||
| Depreciation | charges | 164,896 | 162,024 | ||||||||
| (Profit)/loss | on disposal offixed assets | (938) | 1,822 | ||||||||
| Interest received | (989) | (2,235) | |||||||||
| Interest paid |
24,215 | 25,082 | |||||||||
| Foreign exchange | movement | (12,675) | (73,249) | ||||||||
| Increase in debtors |
(9,845) | (85,067) | |||||||||
| (Decrease)/increase | in creditors | (6,743) | 75,687 | ||||||||
| Net cash provided | by operations | 617,663 | 506,736 | ||||||||
| ANALYSIS OF CHANGES IN NET FUNDS | |||||||||||
| Exchange | |||||||||||
| rate | |||||||||||
| At 1.8.21 | Cash flow | movements | At 31.7.22 | ||||||||
| f | f | f | f | ||||||||
| Net cash | |||||||||||
| Cash at bank | |||||||||||
| and in hand | 2,150,906 | (36,064) | 2,114,842 | ||||||||
| 2,150,906 | (36,064) | 2,114,842 | |||||||||
| Debt | |||||||||||
| Debts falling | due | ||||||||||
| within 1year | (97,847) | (80) | (97,927) | ||||||||
| Debts falling | due | ||||||||||
| after 1year | (1,181,925) | 99,269 | 12,675 | (1,069,981) | |||||||
| (1,279,772) | 99,189 | 12,675 | (1,167,908) | ||||||||
| Total | 871,134 | 63,125 | 12,675 | 946,934 |
| Unrestricted | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | Total | Total | |||||
| 2022 | 2022 | 2022 | 2021 | |||||
| f | E | E | E | |||||
| Regular giving | and charitable | donations | 6,245 | 182,295 | 188,540 | 88,166 | ||
| Government | grants | 19,457 | 34,749 | 54,206 | 88,561 | |||
| 25,702 | 217,044 | 242,746 | 176,727 | |||||
| 3. | OTHER TRADING | ACTIVITIES | ||||||
| 2022 | 2021 | |||||||
| f | f | |||||||
| Events income | 7,960 | 1,382 | ||||||
| Tuck shop income | 1,224 | 773 | ||||||
| Social enterprise | sales | 3,583 | 3,602 | |||||
| Rental income | 10,685 | 12,199 | ||||||
| 23,452 | 17,956 | |||||||
| 4. | INVESTMENT | INCOME | ||||||
| 2022 | 2021 | |||||||
| E | f | |||||||
| Deposit account interest | 989 | 2,235 |
| INCOME F | ROM CHARITABLE ACTIVITIES | ||
|---|---|---|---|
| 2022 | 2021 | ||
| f | f | ||
| College income | 1,528,394 | 1,464,933 | |
| Cohouslng | income | 643,872 | 607,688 |
| 2,172,266 | 2,072,621 |
| EXPENDITU | RE ON CHARITABLE A | CTIVITIES | |||
|---|---|---|---|---|---|
| Grant | |||||
| funding of | |||||
| activities | Support | ||||
| Direct | (see note | costs (see | |||
| Costs f |
7)f | note 8) f |
Totals f |
||
| Staff costs | 1,188,080 | 1,188,080 | |||
| Allocated support costs | 864,630 | 864,630 | |||
| Governance | costs | 25,121 | 25,121 | ||
| Bursa ries | 262 | 262 | |||
| 1,188,080 | 262 | 886,761 | 2,078,093 | ||
| GRANTS PAYABLE | |||||
| 2022 | 2021 | ||||
| f | f | ||||
| Bursaries | 262 |
| Governance | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Management | Finance | costs | Tata Is | |||||||
| f | f | f | f | |||||||
| Allocated | support costs | 850,579 | 14,051 | 864,630 | ||||||
| Governance | costs | 25,121 | 25,121 | |||||||
| 850,579 | 14,051 | 25,121 | 889,751 | |||||||
| The charity identifies the cost | ofthe support | and governance | functions. | These are apportioned wit |
||||||
| reference | to | the key charitable | activities undertaken | in the | year. | |||||
| Support costs, included | in the | above, are as | follows: | |||||||
| Finance | ||||||||||
| 2022 | 2021 | |||||||||
| Allocated | ||||||||||
| sUpport | Tota I |
|||||||||
| cos'ts | activities | |||||||||
| f | f | |||||||||
| Bank | charges | 2,511 | 2,191 | |||||||
| Foreign exchange gains/losses | (12,675) | (73,249) | ||||||||
| Bank | loan | interest | 5,380 | 4,566 | ||||||
| Loan | interest | 18,835 | 20,516 | |||||||
| 14,051 | (45,976) | |||||||||
| Governance | costs | |||||||||
| 2022 | 2021 | |||||||||
| Governance | Tota I |
|||||||||
| costs | activities | |||||||||
| f. | f | |||||||||
| Trustees' | expenses | 699 | 62 | |||||||
| Auditors' | remuneration | 6,983 | 7,845 | |||||||
| Lega | Ifees | 17,439 | 11,207 | |||||||
| 25,121 | 19,114 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | E | |||
| Audit ofthe | accounts | 6,983 | 7,845 | |
| Depreciation | - | owned assets | 164,896 | 162,024 |
| Surplus/(deficit) | on disposal offixed assets | (938) | 1,822 |
| Total | Total | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| f | F | |||
| Mr | A | Vestrinl | 8,010 | 7,353 |
| Ms | B | Van Rooij | 2,692 | |
| 8,010 | 10,045 |
| Total | Total | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| f | E | |||
| Mr | A | Vestrini | 4,800 | 4,800 |
| Ms | B | Van Rooij | 4,800 | |
| 4,800 | 9,600 |
| 2022 | 2021 |
|---|---|
| f | f |
| 699 | 62 |
| STAFF | COSTS | ||
|---|---|---|---|
| 2022 | 2021 | ||
| E | f | ||
| Wages | and salaries | 1,047,511 | 926,908 |
| Social | security costs | 49,478 | 50,205 |
| Other | pension costs | 91,091 | 90,044 |
| 1,188,080 | 1,067,157 |
| 2022 | 2021 | |
|---|---|---|
| Employees | 41 | 39 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| f | E | ||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations | and legacies | 63,054 | 113,673 | 176,727 | |
| CharItable | activities | ||||
| College income | 1,464,933 | 1,464,933 | |||
| Cohousing | income | 607,688 | 607,688 | ||
| Other trading activities | 17,956 | 17,956 | |||
| Investment | income | 2,235 | 2,235 | ||
| Total | 2,155,866 | 113,673 | 2,269,539 | ||
| EXPENDITURE ON | |||||
| Raising funds | 10,259 | 10,259 | |||
| Charitable | activities | ||||
| Staff costs | 1,067,157 | 1,067,157 | |||
| Allocated | support costs | 751,024 | 19,313 | 770,337 |
| for the Yea | for the Yea | for the Yea | r Ended 31July 2022 | r Ended 31July 2022 | r Ended 31July 2022 | |||
|---|---|---|---|---|---|---|---|---|
| 13. | COMPARATIVES | FOR THE STATEMENT QF | FINANCIAL ACTIVITIES - continued | |||||
| Unrestricted | Restricted | Total | ||||||
| funds | funds | funds | ||||||
| E | E | f | ||||||
| Governance costs |
19,114 | 19,114 | ||||||
| Total | 1,847,554 | 19,313 | 1,866,867 | |||||
| NET INCOME | 308,312 | 94,360 | 402,672 | |||||
| Transfers between | funds | 9,346 | (9,346) | |||||
| Net movement | in | funds | 317,658 | 85,014 | 402,672 | |||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 3,055,581 | 299,679 | 3,355,260 | ||||
| TOTAL FUNDS CARRIED FORWARD | 3,373,239 | 384,693 | 3,757,932 | |||||
| 14. | TANGIBLE FIXED ASSETS | |||||||
| Freehold | Plant and | Motor | Computer | |||||
| property f |
machinery f |
vehicles f |
equipment f |
Totals f |
||||
| COST | ||||||||
| At 1August 2021 | 4,709,612 | 445,185 | 121,527 | 48,012 | 5,324,336 | |||
| Additions | 410,895 | 22,846 | 5,030 | 438,771 | ||||
| Disposals | (5,774) | (24,230) | (30,004) | |||||
| At 31July 2022 | 5,120,507 | 462,257 | 97,297 | 53,042 | 5,733,103 | |||
| DEPRECIATION | ||||||||
| At 1August 2021 | 1,967,931 | 341,834 | 86,197 | 32,263 | 2,428,225 | |||
| Charge for year | 116,374 | 30,086 | 8,693 | 9,743 | 164,896 | |||
| Eliminated on disposal |
(5,476) | (18,007) | - | (23,483) | ||||
| At 31July 2022 | 2,084,305 | 366,444 | 76,883 | 42,006 | 2,569,638 | |||
| NET BOOK VALUE | ||||||||
| At 31July 2022 | 3,036,202 | 95,813 | 20,414 | 11,036 | 3,163,465 | |||
| At 31July 2021 | 2,741,681 | 103,351 | 35,330 | 15,749 | 2,896,111 |
| Notes to the Financial Statements -continued for the Year Ended 31July 2022 |
Notes to the Financial Statements -continued for the Year Ended 31July 2022 |
Notes to the Financial Statements -continued for the Year Ended 31July 2022 |
||||
|---|---|---|---|---|---|---|
| 15. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| f | f | |||||
| Trade debtors | 103,892 | 98,167 | ||||
| Other debtors | 55 | 55 | ||||
| Prepayments and accrued |
income | 50,746 | 46,626 | |||
| 154,693 | 144,848 | |||||
| 16. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| f | f | |||||
| Bank loans and overdrafts | (see note 18) | 24,898 | 25,105 | |||
| Other loans (see note | 18) | 73,029 | 72,742 | |||
| Trade creditors | 91,012 | 75,820 | ||||
| Social security and other | taxes | 15,642 | 11,100 | |||
| Other creditors | 7,356 | 9,120 | ||||
| Accruals and deferred | income | 33,408 | 58,121 | |||
| 245,345 | 252,008 | |||||
| 17. | CREDITORS: AMOUNTS | FALLING DUE AFTER MORE THAN ONE YEAR | ||||
| 2022 | 2021 | |||||
| f | f | |||||
| Bank loans (see note | 18) | 274,503 | 299,400 | |||
| Other loans (see note | 18) | 795,478 | 882,525 | |||
| 1,069,981 | 1,181,925 | |||||
| 18. | LOANS | |||||
| An analysis ofthe maturity | of loans is given below: | |||||
| 2022 | 2021 | |||||
| f | f | |||||
| Amounts falling due within |
one year on demand: | |||||
| Bank loans | 24,898 | 25,105 | ||||
| Otherloans | 73,029 | 72,742 | ||||
| 97,927 | 97,847 | |||||
| Amounts falling between |
one and two years: | |||||
| Bank loans - 1-2years | 25,464 | 24,898 | ||||
| Other loans —1-2years |
74,500 | 74,208 | ||||
| 99,964 | 99,106 |
| LOANS - | continued | ||
|---|---|---|---|
| 2022 | 2021 | ||
| f | f | ||
| Amounts | falling due between two and five years: | ||
| Bank loans -2-5 yea rs | 79,918 | 78,166 | |
| Other loans -2-5 years | 232,630 | 231,716 | |
| 312,548 | 309,882 | ||
| Amounts | falling due fn more than five years: | ||
| Repayable | by instalments: | ||
| Bank loans more 5 yr by instal | 169,121 | 196,336 | |
| Other loans more 5yrs instal | 488 348 | 576601 | |
| 657,469 | 772,937 |
| 2022 | 2021 | ||
|---|---|---|---|
| f | f | ||
| Bank | loans | 299,401 | 324,505 |
| Other | loans | 868,507 | 955,267 |
| 1,167,968 | 1,279,772 |
| MOVEMENT | IN FUNDS | ||||||
|---|---|---|---|---|---|---|---|
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.8.21 | in funds | funds | 31.7.22 | ||||
| f | f | E | E | ||||
| Unrestricted | funds | ||||||
| General fund |
3,273,239 | 181,252 | 458,236 | 3,912,727 | |||
| Building maintenance | and | ||||||
| sustainability | reserve | 100,000 | 100,000 | ||||
| 3,373,239 | 181,252 | 458,236 | 4,012,727 | ||||
| Restricted funds | |||||||
| ESFA16-19Bursary fund | 25,378 | 2,471 | 27,849 | ||||
| ESFA Devolved formula | capital fund | 9,890 | 20,219 | (10,474) | 19,635 | ||
| ESFASchools | condition | allocation | fund | 20,561 | (14,988) | 5,573 | |
| Pond House/cohousing | development | ||||||
| fund | 328,864 | 182,295 | (459,268) | 51,891 | |||
| ESFA Tuition | fund | (11,507) | 11,507 | ||||
| 384,693 | 178,490 | (458,236) | 104,947 | ||||
| TOTAL FUNDS | 3,757,932 | 359,742 | 4,117,674 |
| Incoming | Resources | Movement | ||||
|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||
| f | f | f | ||||
| Unrestricted | funds | |||||
| General fund | 2,222,409 | (2,041,157) | 181,252 | |||
| Restricted funds | ||||||
| ESFA 16-19Bursary fund | 2,733 | (262) | 2,471 | |||
| ESFA Devolved formula |
capital fund | 20,219 | 20,219 | |||
| ESFA Schools | condition | allocation | fund | (14,988) | (14,988) | |
| Pond House/cohousing | development | |||||
| fund | 182,295 | 182,295 | ||||
| ESFA Tuition | fund | 11,797 | (23,304) | (11,507) | ||
| 217,044 | (38,554) | 178,490 | ||||
| TOTAL FUNDS | 2,439,453 | (2,079,711) | 359,742 |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | At | |||||
| At 1.8.20 | in funds | funds | 31.7.21 | ||||
| f | E | E | f | ||||
| Unrestricted | funds | ||||||
| General fund | 2,955,581 | 308,312 | 9,346 | 3,273,239 | |||
| Building maintenance | and | ||||||
| sustainability | reserve | 100,000 | 100,000 | ||||
| 3,055,581 | 308,312 | 9,346 | 3,373,239 | ||||
| Restricted funds | |||||||
| ESFA 16-19Bursary fund | 22,343 | 3,035 | 25,378 | ||||
| ESFA Devolved formula | capital fund | 14,122 | 5,114 | (9,346) | 9,890 | ||
| ESFASchools | condition | allocation | fund | 19,222 | 1,339 | 20,561 | |
| Pond House/cohousing | development | ||||||
| fund | 243,992 | 84,872 | 328,864 | ||||
| 299,679 | 94,360 | (9,346) | 384,693 | ||||
| TOTAL FUNDS | 3,333,260 | 402,672 | 3,757,932 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| E | f | E | |||
| Unrestricted funds |
|||||
| General fund | 2,155,866 | (1,847,554) | 308,312 | ||
| Restricted funds | |||||
| ESFA 16-19Bursary fund | 3,035 | 3,035 | |||
| ESFA Devolved formula | capital fund | 5,114 | 5,114 | ||
| ESFA Schools condition | allocation | fund | 20,652 | (19,313) | 1,339 |
| Pond House/cohousing | development | ||||
| fund | 84,872 | 84,872 | |||
| 113,673 | (19,313) | 94,360 | |||
| TOTAL FUNDS | 2,269,539 | (1,866,867) | 402,672 |