2023-08-31-accounts

						Page
Reference and Administrative Details of		the	Company,	its Governors	and Advisers	1-2
Governors' Report						3-6
Independent Auditors'	Report on the Financial Statements					9-12
Statement ofFinancial	Activities					13
Balance Sheet						14
Statement ofCash Flows						15
Notes to the Financial	Statements					16-29
The following pages do not	form part ofthe statutory		financial statements:
Charity Detailed Income and Expenditure		Account and		Summaries

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Note	2023 5	2023	2023 E	2022f
Income from:
Charitable activities		3	4,152,146		4,152,146	3,366,940
Investments		4	103,334		103,334	92,207
Total income			4,255,480		4,255,480	3,459,147
Expenditure on:
Charitable activities		5	4,369,534	1,000	4,370,534	4,120,526
Total expenditure			4,369,534	1,000	4,370,534	4,120,526
Net movement in funds			(114,054)	(1,000)	(115,054)	(661,379)
Reconciliation offunds:
Total funds brought	forward		3,831,075	1,000	3,832,075	4,493,454
Net movement in funds			(114,054)	(1,000)	(115,054)	(661,379)
Total funds carried forward		14	3,717,021		3,717,021	3,632,075

		Note		2023f		2022f
Fixed assets
Tangible assets		10		7,512,107		7,662,230
				7,512,107		7,662,230
Current assets
Debtors		11	183,941		141,096
Cash at bank and	in hand		358,549		544,145
			542,490		685,241
Creditors: amounts	falling due within one year	12	(1,162,191)		(1,459,081)
Net current liabilities				(619,701)		(773,640)
Total assets less	current liabilities			6,892,406		6,866,390
Creditors: amounts	falling due after more than
one year		13		(3,175,385)		(3,056,315)
Total net assets				3,717,021		3,632,075
Charity funds
Restricted funds		14				1,000
Unrestricted funds
General funds		14	3,408,330		3,518,638
Revaluation reserve			308,691		312,437
Total unrestricted	funds	14		3,717,021		3,631,075
Total funds				3,717,021		3,832,075

			2023f	2022f
Cash flows from operating	activities
Net cash used in operating	activities (Note	16)	(306,169)	(31,243)
Cash flows from investing	activities
Purchase oftangible fixed assets			(43,427)	(109,147)
Net cash used in investing	activities		(43,427)	(109,147)
Cash flows from financing	activities
Cash inflows from new borrowing			164,000	425,000
Net cash provided by financing activities			164,000	425,000
Change in cash and cash	equivalents in	the year	(185,596)	284,610
Cash and cash equivalents	at the beginning	ofthe year	544,145	259,535
Cash and cash equivalents	at the end of	the year (Notes 176 18)	358,549	544,145
The notes on pages 16to 29 form part ofthese financial statements

			Unrestricted	Total	Total
			funds	funds	funds
			2023 E	2023	2022f
	Fees		4,019,375	4,019,375	3,239,102
	Other		132,771	132,771	f27,838
			4,152,146	4,152,146	3,366,940
	Total 2022		3,366,940	3,366,940
4.	Investment	income

		Unrestricted	Total	Total
		funds	funds	funds
		2023 E	2023 E	2022f
Income from property	rental	103,334	103,334	92,207
Total 2022		92,207	92,207

	Unrestricted	Restricted
	funds	funds	Total	Total
	2023 E	2023 K	2023 E	2022f
Teaching	2,599,216	1,000	2,600,216	2,530,943
Welfare	604,367		604,367	569,741
Bursaries	182,623		182,623	181,879
Premises	983,328		983,328	837,963
	4,369,534	1,000	4,370,534	4,120,526
Total 2022	4,120,526		4,120,526

	Activities
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2023	2023 E	2023 E	2022f
Teaching	2,236,419	363,797	2,600,216	2,530,943
Welfare	500,826	103,541	604,367	569,741
Bursaries	160,167	22,456	182,623	181,879
Premises	858,509	124,819	983,328	837,963
	3,755,921	614,613	4,370,534	4,120,526
Total2022	3,417,940	702,586	4,120,526

					Total	Total
	Teaching	Welfare	Bursaries	Premises	funds	funds
	2023	2023	2023	2023	2023	2022
	6	6	6	6	6	E
Staff costs	2,076,499	40,986		60,124	2,177,609	2,042,011
Depreciation				203,663	203,663	209,850
Rent &Rates				69,076	69,076	45,529
Light &Heat				263,042	263,042	151,276
Repairs &
Maintenance				119,946	119,946	104,330
Establishment
expenses		459,840		39,666	499,506	468,144
Garden &Grounds				102,992	102,992	89,811
Teaching
Expenses	159,920				159,920	145,740
Bursaries			160,167		160,167	161,249
	2,236,419	500,826	160,167	858,509	3,755,921	3,417,940
Total 2022	2,098,705	459,005	161,249	698,981	3,417,940

						Total	Total
		Teaching	Welfare	Bursaries	Premises	funds	funds
		2023f	2023f	2023 f.	2023 f.	2023 f.	2022 E
Staff costs		162,169	81,085		81,085	324,339	394,296
Depreciation					19,887	19,887	26,976
Telephone &	IT	46,929				46,929	61,841
Legal &
Professional	fees	13,811				13,811	14,999
Motor &Travel		25,149				25,149	19,734
Advertising		32,703				32,703	10,942
Office expenses		34,912				34,912	38,050
Sundry expenses		15,413				15,413	9,025
Bad Debts		(25,618)				(25,618)	17,665
Finance costs		22,456	22,456	22,456	23,847	91,215	83,790
Life Insurance	fees	10,007				10,007	6,755
Governance	costs	25,866				25,866	18,513
		363,797	103,541	22,456	124,819	614,613	702,586
Total 2022		432,238	110,736	20,630	138,982	702,586

					2023 6	2022f
Fees payable	to the Company's	auditor	for the audit ofthe Company's	annual
accounts					18,900	14,160
Fees payable	to the Company's	auditor	in respect of:
All non-audit	services not included above				4,020	4,290

		2023f	2022f
Wages and salaries		2,067,796	2,023,684
Social security costs		192,436	175,396
Defined contribution	pension costs	241,716	237,227
		2,501,948	2,436,307

		2023	2022
		No.	No.
Academic Staff		54	57
Non-Academic	Staff	12	11
		66

2023	2022
No.	No.

		2023f	2022f
Due within one year
Trade debtors		50,983	75,491
Other debtors		20,432	21,701
Prepayments	and accrued income	112,526	43,904
		183,941	141,096

				2023f	2022f
Otherloans					136,000
Trade creditors				62,307	88,638
Other taxation and		social security		46,171	46,376
Other creditors				80,345	69,162
Accruals and deferred income				973,368	1,118,905
				1,162,191	1,459,081
Monies received	in	respect offuture year's fees are as follows:-
				2023 E	2022f
Deferred income	at 1 September		2022	1,379,832	853,260
Resources deferred		during the year		635,134	1,295,497
Amounts released		from previous	periods	(1,045,004)	(768,925)
				969,962	1,379,832

		2023f	2022f
Otherloans		3,023,159	2,633,336
Other creditors		100,650	86,069
Accruals and deferred	income	51,576	336,910
		3,175,385	3,056,315

Statemen	t	offun	ds - current year
				Balance at 1
				September			Balance at 31
				2022f	Income f	Expenditure f	August 2023 f
Unrestricted		funds
General	Funds -		all funds	3,518,638	4,255,480	(4,365,788)	3,408,330
Revaluation		reserve		312,437		(3,746)	308,691
				3,831,075	4,255,480	(4,369,534)	3,717,021
Restricted		funds
St Neot's	Uniform		Club	1,000		(1,000)
Total of	funds			3,832,075	4,255,480	(4,370,534)	3,717,021

	Statemen	t offun	ds - prior year
				Balance at			Balance at
			1	September			31August
				2021f	Incomef	Expendituref	2022f
	Unrestricted funds
	Reserves			4,176,271	3,459,147	(4,116,780)	3,518,638
	Revaluation reserve			316,183		(3,746)	312,437
				4,492,454	3,459,147	(4,120,526)	3,831,075
	Restricted funds
	St Neat's	Uniform	Club	1,000			1,000
	Total of	funds		4,493,454	3,459,147	(4,120,526)	3,832,075
15.	Analysis	of net assets between funds
	Analysis	of net assets between funds - current year

Analysis	of n	et assets between funds - current year
			Unrestricted	Total
			funds	funds
			2023f	2023
Tangible	fixed	assets	7,512,107	7,512,107
Current	assets		542,490	542,490
Creditors	due	within one year	(1,162,191)	(1,162,191)
Creditors	due	in more than one year	(3,175,385)	(3,175,385)
Total			3,717,021	3,717,021

Analysis	of n	et assets between funds - prior year
			Unrestricted	Restricted	Total
			funds	funds	funds
			2022f	2022f	2022f
Tangible	fixed	assets	7,662,230		7,662,230
Current	assets		684,241	1,000	685,241
Creditors	due	within one year	(1,459,081)		(1,459,081)
Creditors	due	in more than one year	(3,056,315)		(3,056,315)
Total			3,831,075	1,000	3,832,075

			2023f	2022f
Net expenditure for the year		(as per Statement of Financial Activities)	(115,054)	(661,379)
Adjustments for:
Depreciation charges			223,550	236,826
Increase in debtors			(42,845)	(27,430)
Increase/(decrease)	in creditors		(461,643)	338,219
Interest charge			89,823	82,521
Net cash used in operating		activities	(306,169)	(31,243)

		2023 6	2022f
Cash	in hand	358,549	544,145
Total	cash and cash equivalents	358,549	544,145

			At 1		Other non-
			September		cash	At 31August
			2022	Cash flows	changes	2023
				6	6	6
Cash	at bank and	in hand	544,145	(185,596)		358,549
Debt	due within 1	year	(136,000)	136,000
Debt	due after 1 year		(2,633,336)	(300,000)	(89,823)	(3,023,159)
			(2,225,191)	(349,596)	(89,823)	(2,664,610)

			2023f	2022f
Within	1	year	50,548	65,999
Between		1 and 5 years	28,471	79,019
			79,019	145,018

2023 f.	2022f
85,219	f06,441

				2023 6	2023 6	2022f	2022f
Income
Tuition fees				4,019,375		3,239,102
Other income				132,771		127,838
Letting fees				103,334		92,207
					4,255,480		3,459,147
Gross income	in the reporting		period		4,255,480		3,459,147
Less:
Direct charitable		expenditure
Wages &salaries				1,788,908		1,559,155
National insurance				164,420		159,343
Pension costs				224,281		213,502
Teaching expenses				159,920		145,740
Establishment	costs			499,506		468,144
Light &Heat				263,042		151,275
Repairs &maintenance				119,946		104,330
Depreciation				203,663		209,850
Bursaries				160,167		151,249
Other direct costs				172,068		135,340
					3,755,921		3,417,940

			2023 E	2023 6	2022f	2022f
Support costs
Wages &salaries			278,888		338,454
National Insurance			28,016		32,108
Pension costs			17,435		23,724
Bad Debts			(25,618)		17,555
Depreciation			19,887		26,976
Audit &accountancy			25,866		18,513
Office costs			107,261		115,571
Legal &professional			13,811		14,999
Bank charges &interest			91,215		83,790
Motor expenses			25,149		19,734
Marketing			32,703		10,942
				614,613		702,586
Total expenditure				4,370,534		4,120,526
Net expenditure for the	reporting	period		(115,054)		(661,379)
Deficit for the reporting	period			(115,054)		(551,379)