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||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|
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|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||
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||||||||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|
##
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|||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|
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##
||||||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||
##
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##
||||||||||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|
##
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