allnations Iraining lor mission Year ended 2021 REPORT AND FINANCIAL STATEMENTS ## ## ## |Chairman's
statement||3-4| |---|---|---| |Report ofthe Board of Management||5-20| |Report ofthe Independent|Auditors|21-23| |Consolidated
Statement|of Financial Activities|24| |Balance Sheets||| |Consolidated
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I-| ## ## |||BALANCE S|HEETS|AS AT 31ST|AUGUST 202|1|| |---|---|---|---|---|---|---|---| |||||Group
2021|Group
2020|Company
2021|Company
2020| ||||Note||||| |Fixed assets|||||||| |Intangible
assets|||11||||| |Tangible assets|||12|1,215,989|921,568|1,215,989|921,568| |Investments|||13|141258|111976|141 358|112076| |Total fixed assets||||1,357,247|1,033,544|1,357,347|1,033,644| |Current assets|||||||| |Stocks||||5,553|8,312|5,553|8,312| |Students' fees receivable||||33,586|37,922|33,586|37,922| |Prepayments
and other debtors|||14|717,972|435,822|693,351|429,053| |Amount
due from subsidiary||||||35,202|20,723| |Cash and cash equivalents||||950494|870294|934345|845348| |Total current assets||||1,707,605|1,352,350|1,702,037|1,341,358| |Liabilities|||||||| |Creditors: Amounts|falling due within||one year||||| |Loans||||2,200|2,200|2,200|2,200| |Sundry creditors and||accruals|15|154,574|131,967|149,106|126,946| |Fees received
in advance||||95830|57226|95830|51355| |Total current liabilities||||252,604|191,393|247,136|180,501| |Net current assets||||1 455 001|1 160957|1 454 901|1 160857| |Net assets|||||||| |Capital Funds|||||||| |Endowment
(including||revaluation|13|141,258|111,976|141,258|111,976| |reserve of836,790,|2020:E7,508)||17||||| |Income Funds|||||||| |Unrestricted|||||||| |General||||2,137,494|1,523,172|2,137,494|1,523,172| |Designated|||19|412 695|412695|412695|412 695| |Total Unrestricted||||2,550,189|1,935,867|2,550,189|1,935,867| |Restricted|||18|120801|146658|120801|146658| |Total Funds|||||||| ## ## ## |||Note|2021|2020| |---|---|---|---|---| |||||K| |Cash flows from operating
activities:||||| |Net (expenditure)/income
as per SOFA|||617,747|118,821| |Adjustments
for:||||| |Depreciation|||107,190|105,936| |Loss/(surplus)
on sale of property,|plant &equipment|||(815)| |(Gain)/loss
on investments|||(29,282)|26,764| |Investment
income|||(5,903)|(10,341)| |(Increase)/decrease
in trade and other receivables|||(627,814)|(159,375)| |Decrease/(increase)
in inventories|||2,759|2,415| |Increase/(decrease)
in trade and other payables
Cash generated
from operations|||61211
12'i~6|~72 669
~6| |Net cash flows from operating
activities|||17~9QG|| |Cash flows from investing
activities:||||| |Purchase of property,
plant and equipment||12|(51,611)|(31,879)| |(Purchase)/disposal
of investments||||| |Proceeds ofdisposal offixed assets||||1,081| |Interest received|||5903|10341| |Net cash flows from investing
activities||||| |Net increase/(decrease)
in cash|8 cash equivalents:||80,200|(9,721)| |Cash in hand and at bank at start
Cash in hand and at bank at end|ofyear
ofyear||870294
C~g|880015| |Net Debt Reconciliation||At 1"|Cash flows|At 31s'| |||September||August| |||2020||2021| |Cash and cash equivalents||870,294|80,200|950,494| |Interest free loans from supporters
Total||~2200
K~4||~2200
l~| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |FOR THE YE|AR ENDED 31S|TAUGUST 20|21|| |---|---|---|---|---| |INCOME FROM CHARITABLE|Unrestricted|Restricted|Total|Total| |ACTIVITES &OTHER INCOME|Funds|Funds|2021|2020| |Student fee income taught awards|540,403||540,403|456,880| |Course fee income non-credit|212,020||212,020|133,618| |bearing courses||||| |Subcontracted
in course fees|43,963||43,963|| |Student accommodation
&meals|191,218||191,218|191,945| |Sundry
income|38,187||38,187|14,877| |Furlough
income|9,888||9,888|10,302| |Rental income|125,488||125,488|96,664| |Partnerships
8 Consultancy|22,908||22,908|| |Conference
income|24 398||24 398|19836| |Total||||| |FUNDRAISING|AND MARKETING|AND MARKETING|AND MARKETING|Unrestricted|Restricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---| |||||Funds||funds|2021|2020f| |Salary costs||||45,155|||45,155|29,286| |Advertising||||2,341|||2,34'1|1,648| |Promotional
activity||8 Publications||11,079|||11,079|16,287| |Appeals||||395|||395|8,428| |Database 8 Website||costs||4 158||2 952|7110|5792| |Total||||63128||~2952|66 080|81441| |EXPENDITURE ON||||Unrestricted|Restricted||Total|Total| |CHARITABLE|ACTIVITES|||Funds|Funds||2021|2020| |Tuition||||467,889||6,918|474,807|352,627| |Catering||||165,764|||165,764|157,358| |Academic Administration||||148,710|||148,710|141,012| |Bursary grants|||||45,334||45,334|57,143| |Conferences||||9,684|||9,684|21,264| |Student Benevolent||Fund grants||||||258| |Support costs|(notes 6 and||7)|637906|72 552||710458|658711| |Total||||||||| |BREAKDOWN|OF COSTS||OF CHARITABLE ACTIVITY|||||| |Support costs|have|been allocated||as follows:||||| |||Activities||Grant|Support||Total 2021|Total 2020| |||undertaken||funding|costs|||| |||directly||activities||||| |Student costs||789,281|||697,552||1,486,833|1,300,821| |Bursaries granted||||45,334|||45,334|57,143| |Conferences
Total||9684
7$Q55||4~4|12|906|22590|30409| ## ## ## ||Total 2021||||Fundraising|Student|Conferences|Conferences||Basis of| |---|---|---|---|---|---|---|---|---|---|---| ||||||&Marketing|costs||||Allocation| ||Premises|||||188,097||4,557||Time/Usage/Area| ||Housekeeping|||||40,370||||Time/Usage| ||Finance|||||74,150||1,968||Time| ||IT||||2,952|65,220||1,680||Usage| ||Facilities|||||41,677||1,069||Time| ||HR|||||11,713||||Usage| ||Management||||2,841|52,041||||Time| ||Administration|||||107,075||952||Usage| ||Depreciation|8 amortisation||||104,511||2,680||Usage| ||Governance
Total|||||12698
6K~2||~gg||Time/Usage| ||PRIOR YEAR||FIGURES|||||||| ||Total 2020||||Fundraising|Student|Conferences|||Basis of| ||||||&Ilarketing|costs||||Allocation| ||Premises|||||158,858||3,710||Time/Usage/Area| ||Housekeeping|||||43,514||||Time/Usage| ||Finance|||||62,316||||Time| ||IT|||||46,896||||Usage| ||Facilities|||||35,551||911||Time| ||HR|||||23,355||||Usage| ||Management||||2,833|53,158||||Time| ||Administration|||||109,161||1,004||Usage| ||Depreciation|&amortisation||||104,074||1,862||Usage| ||Governance
Total|||||12683
6~6$||||Time/Usage| |8|NET INCOME||FOR THE||YEAR||2021|2020||| ||This is stated|after charging:||||||||| ||Auditors'
remuneration|||—audit|||7,500|7,410||| ||||||other services||234||234|| ||Operating
lease charges||||- photocopiers||3,031|3,524||| ||Depreciation|oftangible||fixed assets||107,190||105,936||| ## ## ## |Andy Dipper,
Princi|pal
and CE|O, receive|d the following
re|muneration:|| |---|---|---|---|---|---| |||||2021|2020| |Basic salary before|salary sacrifice|||47,940|47,940| |Employer
pension|contribution|||7,830|6,232| |Salary sacrifice arrangements||- pension|contributions|(3,995)|(2,397)| |Non-taxable
benefits - provision||ofaccommodation||16200|16200| |Total package||||~97$|SZ,QZ5| ## ## ## ## ## ## ## ## ## |TANGIBLE FIXEDASSE|TS (GROUP)||||||||| |---|---|---|---|---|---|---|---|---|---| ||Freehold||Furniture||Heavy|Motor|||| ||Properties||Fittings &||Plant|Vehicles|Total||| ||||Equipment||||||| |Cost|||||||||| |At 1"September 2020|1,401,695||831,399||235,681|11,521|2,480,296||| |Additions
Disposals
At 31"August 2021|350,000
1 751 695||51,611
~28 303
854 707||235681|11 521|401,611
~28303
2 853 604||| |Depreciation
At 1"September 2020|907,597||592,474||47,136|11,521|1,558,728||| |Charge for the year
Eliminated
on disposals|28,598||55,024
~28 303||23,568||107,190
~28303||| |At 31"August 2021|936 195||619195||70704|11521|1 637615||| |Net book value|||||||||| |At31"August 2020
At 31"August 2021|494 098
815500||238925
235512||188545
164977||921 568
1 215 989||| |TANGIBLE FIXEDASSETS (COMPANY)|||||||||| ||Freehold||Furniture||Heavy|Motor|||| ||Properties||Fittings &||Plant|Vehicles|Total||| ||||Equipment||||||| |Cost|||||||||| |At 1"September 2020|1,401,695||803,023||235,681|11,521|2,451,920||| |Additions|350,000||51,611||-|-|401,611||| |Disposals
At 31"August 2021|1 751 695||~28 303
826 331||235681|11521|~28303
2 825 228||| |Depreciation
At 1"September 2020|907,597||564,098||47,136|11,521|1,530,352||| |Charge for the year
Eliminated
on disposals
At31"August 2021|28,598
936195||55,024
~28 303
590819||23,568
70704|11521|107,190
~28303
1 609239||| |Net book value|||||||||| |At31"August 2020
At31"August 2021|494 098
815500||238925
235512||188545
164977||921 568
1 215989||| |The College has one mixed|use investment|property.
However, as the||||fair value ofthe property||would|| |be very difficult to measure|reliably,
being one listed building||||amongst|a number|ofother buildings||on| |an estate which operates|under a restrictive||covenant,|the whole
property
has|||been recognised||at| |cost within tangible
fixed assets.|||||||||| ## ## ## ## |FIXEDASSE|T INVESTME|NTS (GROU|P AND COMPAN|Y)||| |---|---|---|---|---|---|---| ||||Group||Company|| ||||2021|2020|2021|2020| |Listed investments|||141,258|111,976|141,258|111,976| |Investment
in
Total|Trading
Subsidiary||||100
ail|100
iiRJ&i| ||||||2021|2020| |Endowment|Funds|||||| |Listed UK investments||||||| |Market value|at 1"September||||111,976|138,740| |Additions||||||| |Net unrealised
gain/(loss)
on investment
Market value at31"August
Historic cost as at31"August|||assets||29262
141~2
~14~4|~26 764
~111 25| |Name ofcompany|Description|Proportion|Nature of|Aggregate|Results| |---|---|---|---|---|---| ||ofshares|ofshares|business|reserves|for the| ||held|held|||year| |All Nations Trading|Shares ofE1|100|Conference|100|| |Limited|each||services||| ## ## ## ## |Trading Company|summary|profit and|loss|account|2021|2020| |---|---|---|---|---|---|---| |Turnover|||||59,064|48,432| |Cost ofsales and|administration|expenses|||(40,727)|(41,064)| |Depreciation||||||| |Profit|||||18,337|7,368| |Amount
gift aided|to parent company||||~18337|~7368| |Net profit||||||| |The assets and liabilities ofthe||subsidiary|were:||2021|2020| |Current assets|||||40,770|31,715| |Creditors: Amounts|falling due|within one|year||f440670|~31 615| |Total Net assets||||||| |Aggregate
share capital and reserves||||||| |All the above are included
in the consolidated||||accounts of the College.||| ## ## |CREDIT|OR|S: Amo|unts
falling due|within one year|||| |---|---|---|---|---|---|---|---| |||||Group||Company|| |||||2021|2020"|2021|2020| |Creditors||||75,518|46,984|75,513|46,979| |Accruals|8|deferred|income|79056|84983|73593|79967| |Total||||15~74||141~$|1214545| ## ## |16|ANALYSIS OF NET|ASSETS BETWEEN|FUNDS||| |---|---|---|---|---|---| ||Group|Fixed
assets|Investments|Net current
Assets|Total at
31"August 2021| ||||K||| ||Endowment
funds||141,258||141,258| ||Restricted funds|||120,801|120,801| ||Unrestricted
funds||||| ||General fund|1,215,989||921,505|2,137,494| ||Seed Funding|||18,125|18,125| ||Strategic Fund
Total|~MS||394570|394 570| ||PRIORYEAR||||| ||Group|Fixed
assets|Investments|Net current
Assets|Total at
31"August 2020| ||Endowment
funds||111,976||111,976| ||Restricted funds|||146,658|146,658| ||Unrestricted
funds||||| ||General
fund|921,568||601,604|1,523,172| ||Seed Funding|||18,125|18,125| ||Strategic Fund|||394570|394570| ||Total||||| ||Company|Fixed
assets|Investments|Net current
Assets|Total at
31"August 2021| ||Endowment
funds||141,258||141,258| ||Restricted funds|||120,801|120,801| ||Unrestricted
funds||||| ||General fund|1,215,989|100|921,405|2,137,494| ||Seed Funding|||18,125|18,125| ||Strategic Fund|||394570|394570| ||Total||||| ||PRIOR YEAR||||| ||Company|Fixed
assets|Investments|Net current
Assets|Total at
31"August 2020| ||Endowment
funds||111,976||111,976| ||Restricted funds|||146,658|146,658| ||Unrestricted
funds||||| ||General fund|921,568|100|601,504|1,523,172| ||Seed Funding|||18,125|18,125| ||Strategic Fund|||394570|394570| ||Total||||| ## ## ## ## ## ## ## ## ##