2023-08-31-accounts - All Nations Christian College Limited

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allnations t(aining loi mission Year ended 2023 REPORT AND FINANCIAL STATEMENTS Company Number 990054 Charity Number 311028

Chairman's Statement
Report ofthe Board of Management
Objectives and Activities
Achievements and	Performance
Academic Achievement
External Examiners'	Commendations		10
Other Activities and	Programmes
Plans for the Future
Financial Review			16
Structure			18
Report ofthe Independent	Auditors		22
Consolidated Statement of	Financial	Activities	25
Balance Sheets			27
Consolidated Statement of	Cash Flows		28
Notes to the Financial Statements			29

			Unrestricted	Restricted	Endowment	Total Funds	Total Funds
			Funds	Funds	Funds
Year Ended 31August 2023
			2023	2023	2023	2023	2022
		Note
Income from:
Donations			135,768	82,970		218,738	262,333
Legacies			22,712	18,294		41,006	86,406
Other trading activities
Subsidiary company income			129,737			129,737	137,418
Investments			8,652	7,912		16,564	15,823
Charitable activities			1,017,547			1,017,547	1,353,051
Other income
Total income			~1314416	~109176		~/423 592	~1855031
Expenditure on:
Raising funds
Fundraising 8 Marketing			119,602			119,602	99,838
Subsidiary company	costs		48,798			48,798	56,640
Charitable activities		5,6	1 626943	111054		1 737997	1 675472
Total expenditure			~1795343	~ff1054		1906397	1831950
Net gain/(loss) on		13			7 101	7 101	8975
investments
Net income/(expenditure)		8	(480,927)	(1,878)	(7,101)	(489,906)	14,106
Transfers between	funds	18	4 182	~4182
Net movement in funds			(476,745)	(6,060)	(7,101)	(489,906)	14,106
Reconciliation ofFunds
Accumulated funds forward	brought		2 525 266	163805	137283	2826354	2812248
Accumulated funds forward	carried		2048 521	157745	130182	2336448	2826354

			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds	Funds
Year Ended 31August 2022			2022	2022	2022	2022
		Note
Income from:
Donations and Legacies
Donations			125,509	131,824	5,000	262,333
Legacies			86,406			86,406
Other trading activities
Subsidiary company income			137,418			137,418
Investments			518	15,305		15,823
Charitable activities						1,353,051
			1,353,051
Other income		3
Totalincome			~1702902	~147129	~5000	1855031
Expenditure on:
Raising funds
Fundraising & Marketing		4	96,886	2,952		99,838
Subsidiary company costs			56,640			56,640
Charitable activities		5,6	1 585 708	89764		1 675472
Total expenditure			~1739234	~92716		~1831950
Net gain/(loss) on investments		13			~8975	~8975
Net income/(expenditure)		8	(36,332)	54,413	(3,975)	14,106
Transfers between funds		18	11409	~11409
Net movement in funds			(24,923)	43,004	(3,975)	14,106
Reconciliation ofFunds
Accumulated funds brought	forward		2550 189	120801	141 258	2812248
Accumulated funds carried forward			2525 266	163805	137283	2826354

				Group	Group	Company	Company
		Note		2023 f	2022 f	2023 f	2022 f
Fixed assets
Intangible assets		11		19,000		19,000
Tangible assets		12	1,072,381		1,161,210	1,072,381	1,161,210
Investments		13		13D 182	137283	13D282	137383
Total fixed assets			1,221,563		1,298,493	1,221,663	1,298,593
Current assets
Stocks				9,816	5,758	9,816	5,758
Students' fees receivable				28,246	75,289	28,246	75,289
Prepayments and other debtors		14		291,737	800,114	230,673	750,006
Amount due from subsidiary						86,476	101,805
Cash and cash equivalents			I	D84 508	850 438	I 033976	780 355
Total current assets			1,414,307		1,731,599	1,389,187	1,713,213
Liabilities
Creditors: Amounts	falling due within	one year:
Loans				2,200	2,200	2,200	2,200
Sundry creditors and accruals		15		236,531	148,513	211,511	130,227
Fees received in advance				60691	53025	60691	53025
Total current liabilities				299,422	203,738	274,402	185,452
Net current assets			1	114885	1 527 861	1 114785	1 527 761
Net assets		16	~45
CapitalFunds
Endowment (Including revaluation		13,		130,182	137,283	130,182	137,283
reserve off20,714,	2022:f27,815)	17
Income Funds
Unrestricted
General			1,635,826		2,112,571	1,635,826	2,112,571
Designated		19		412 695	412695	412695	412 695
Total Unrestricted			2,048,521		2,525,266	2,048,521	2,525,266
Restricted		18		157745	163805	157745	163805
TotalFunds					22!25~4	2a38~4	2J!28a54

			Note	2023	2022
					K
Cash flows from operating	activities:
Net income/(expenditure) as	per SOFA			(489,906)	14,106
Adjustments for:
Depreciation				109,555	111,951
Loss on sale of property, plant &		equipment			277
Loss on investments				7,101	8,975
Investment income				(16,564)	(15,823)
(Increase)/decrease in trade	and	other receivables		555,422	(123,845)
Increase in inventories				(4,058)	(205)
Increase/(decrease) in trade	and	other payables		95682	~48 866
Cash (used by) / generated	from operations
Net cash flows from operating		activities
Cash flows from investing activities:
Purchase of property, plant and equipment			12	(20,726)	(57,449)
Purchase of intangible assets			11	(19,000)
Purchase of investments			13		(5,000)
Interest received			2	16564	15823
Net cash flows from investing activities
Net increase/(decrease) in cash 8 cash equivalents:				234,070	(100,056)
Cash in hand and at bank at start ofyear Cash in hand and at bank at end ofyear				850 438 &~88	950494 55a438
Net Debt Reconciliation
			At 1	Cash flows	At 31
			September		August
			2022		2023
					R
Cash and cash equivalents			850,438	234,070	1,084,508
Interest free loans from supporters Total			~2200		~2200 ~~8

Fo	r the year ended 31Augu	r the year ended 31Augu	r the year ended 31Augu	st 2023
3	INCOME FROM CHARITABLE			Unrestricted	Restricted	Total	Total
	ACTIVITES &OTHER		INCOME	Fundsf	Fundsf	2023f	2022f
	Student fee income	taught awards		375,183		375,183	631,124
	Course fee income	non-credit		183,612		183,612	167,535
	bearing courses
	Subcontracted in course fees			21,986		21,986	45,756
	Student accommodation		&meals	197,075		197,075	317,044
	Sundry income			21,200		21,200	11,475
	Furlough income
	Rental income			131,122		131,122	125,394
	Partnerships 8 Consultancy			41,716		41,716	35,178
	Conference income			45 653		45653	19545
	Total
	The College did not	receive any grant		income from the Office for Students or other			bodies.
	FUNDRAISING AND MARKETING			Unrestricted	Restricted	Total	Total
				Fundsf	fundsf	2023f	2022f
	Salary costs			94,260		94,260	77,083
	Advertising			1,645		1,645	1,054
	Promotional activity	8 Publications		8,317		8,317	10,046
	Appeals						516
	Database &Website costs			15380		15380	11139
	Total			~119602		~119602	~99838
5	EXPENDITURE ON			Unrestricted	Restricted	Total	Total
	CHARITABLE ACTIVITES			Fundsf	Fundsf	2023f	2022f
	Tuition			448,506	23,561	472,067	485,137
	Catering			185,438		185,438	195,073
	Academic Administration			150,228		150,228	139,520
	Bursary grants				83,418	83,418	53,788
	Conferences			21,883		21,883	10,166
	Support costs (notes 6		and 7)	820 888	4075	824963	791 788
	Total
	BREAKDOWN OF	COSTS OF CHARITABLE ACTIVITY
	Support costs have	been allocated as follows:
			Activities	Grant	Support	Total 2023	Total 2022
		undertaken		funding	costs
			directlyf	activitiesf	f	f	f
	Student costs		807,733		811,930	1,619,663	1,599,213
	Bursaries granted			83,418		83,418	53,788
	Conferences		21 883		13033	34916	22 471
	Total

	Total 2023				Fundraising	Student Conferences	Student Conferences		Basis of
					8 Nlarketing	costs			Allocation
					E	E	E
	Premises					184,367	4,581		Time/Usage/Area
	Housekeeping					46,204			Time/Usage
	Finance					105,678	2,833		Time
	IT					114,728			Usage
	Facilities					70,166	1,799		Time
	HR					30,818			Usage
	Management				2,094	37,905			Time
	Administration Depreciation	8amoitisation				100,111 106,816	1,081 2,739		Usage Usage
	Governance					15137			Time/Usage
	Total
	PRIOR YEAR FIGURES
	Total 2022				Fundraising	Student Conferences			Basis of
					&Marketingf	costs E			Allocation
	Premises					179,215	4,491		Time/Usage/Area
	Housekeeping					57,561			Time/Usage
	Finance					85,114	2,262		Time
	IT				2,952	91,530	280		Usage
	Facilities					58,581	1,502		Time
	HR					22,353			Usage
	Management				2,862	51,926			Time
	Administration					107,012	972		Usage
	Depreciation	8 amortisation				109,152	2,798		Usage
	Governance					17039			Time/Usage
	Total
8	NET INCONIE/(EXPENDITURE)				FOR THE	2023	2022
	YEAR
	This is stated	after charging:
	Auditors' remuneration		—audit			9,480	11,300
				other	services			234
	Operating lease charges			—photocopiers		3,148	2,101
	Depreciation	oftangible		fixed assets		109,555	111,951
	Amortisation	of intangible		fixed	assets

	Website
Cost
At 1 September 2022	13,740
Additions	19000
At 31 August 2023	32740
Amortisation
At 1 September 2022	13,740
Charge for the year
At 31 August 2023	13740
Net book value
At 31August 2022
At 31 August 2023	19000

TANGIBLE FIXEDASSETS(GROUP)	TANGIBLE FIXEDASSETS(GROUP)
	Freehold	Furniture	Heavy	Motor
	Properties	Fittings &	Plant	Vehicles	Total
		Equipment
		E
Cost
At 1 September 2022	1,751,695	910,909	235,681	11,521	2,909,806
Additions Disposals		20,726 ~25806			20,726 ~25 806
At 31 August 2023	1 751 695	905829	235 681	11 521	2904726
Depreciation
At 1 September 2022	964,793	678,010	94,272	11,521	1,748,596
Charge for the year Eliminated on disposals	28,599	57,388 ~25806	23,568		109,555 ~25 8D6
At 31August 2023	993392	7D9 592	117840	11 521	1 832 345
Net book value
At 31 August 2022	786 902	232899	141409		1 161210
At 31 August 2023	758303	196237	117841		1 072 381
TANGIBLE FIXEDASSETS (COMPANY)
	Freehold	Furniture	Heavy	Motor
	Properties	Fittings 8	Plant	Vehicles	Total
		Equipment
		E
Cost
At 1 September 2022	1,751,695	882,533	235,681	11,521	2,881,430
Additions		20,726			20,726
Disposals		~25806			~25 806
At 31 August 2023	1 751 695	877 453	235681	11521	2 876 350
Depreciation
At 1 September 2022	964,793	649,634	94,272	11,521	1,720,220
Charge for the year Eliminated on disposals	28,599	57,388 ~25806	23,568		109,555 ~25806
At 31August 2023	993392	681 216	117840	11521	1 803969
Net book value
At 31 August 2022	786902	232899	141409		1 161210
At 31 August 2023	758303	196237	117841		1 072 381

			Group		Company	Company
			2023	2022	2023	2022
				F.	E	E
Listed investments			130,182	137,283	130,182	137,283
Investment in	Trading Subsidiary				100	100
Total
					2023	2022
Endowment	Funds				E
Listed UK investments
Market value	at 1 September				137,283	141,258
Additions						5,000
Net unrealised Market value	gain/(loss) at 31 August	on investment	assets		7 101 ~12	~8975 ~17
Historic cost as at 31 August

Name ofcompany	Description ofshares	Proportion ofshares	Nature of business	Aggregate reserves	Results for the
	held	held		f	year E
All Nations Trading	Shares ofLt	100	Conference	100
Limited	each		services

FIXEDASSET IN	VESTMENTS	(GROUP	AND COMPANY) (	Continued)
Trading Company	summary	profit and	loss account	2023	2022
					K
Turnover				133,598	137,418
Cost ofsales and	administration	expenses		(74,217)	(75,026)
Depreciation
Profit				59,381	62,392
Amount gift aided	to parent company			~59381	~62 392
Net profit
The assets and liabilities ofthe		subsidiary	were:	2023	2022
				K	E
Current assets Creditors: Amounts falling due within one Total Net assets Aggregate share capital and reserves			year	111,595 ~111495 ~1 ~1	120,341 ~12D 241

PREPAYMEN	TS AND OTHER DEBTO	RS
		Group		Company
		2023	2022	2023	2022
		E	E	E	f
Other debtors		116,057	136,383	54,993	86,275
Prepayments	8 Accrued income	175680	663731	175680	663731
Total		2R4ZZ

CREDIT	ORS: Am	ounts falling due wit	hin one year
			Group		Company
			2023 E	2022 E	2023 f	2022
Creditors			60,386	28,475	36,926	11,389
Deferred	Income	(fees in advance)	60,691	53,025	60,691	53,025
Accruals			115454	67013	113894	65813
Total
Deferred	income	Bought forward	53,025		53,025
Additions			41,050		41,050
Release			~33384		~33384
Deferred	income	carried forward

ANALYSIS OF NET AS	SETS BETWEEN	FUNDS
Group	Fixed	Investments	Net current	Total at
	assets		Assets	31August 2023
Endowment funds		130,182		130,182
Restricted funds Unrestricted funds			157,745	157,745
General fund Seed Funding	1,091,381		544,445 18,125	1,635,826 18,125
Strategic Fund			394 570	394570
Total
PRIOR YEAR
Group	Fixed	Investments	Net current	Total at
	assets		Assets	31August 2022
	8	E	K	K
Endowment funds		137,283		137,283
Restricted funds Unrestricted funds			163,805	163,805
General fund Seed Funding	1,161,210		951,361 18,125	2,112,571 18,125
Strategic Fund			394 570	39457D
Total
Company	Fixed	investments	Net current	Total at
	assets		Assets	31August 2023
	E	E
Endowment funds		130,182		130,182
Restdicted funds Unrestricted funds			157,745	157,745
General fund Seed Funding	1,091,381	100	544,345 18,125	1,635,826 18,125
Strategic Fund			33457D	39457D
Total
PRIOR YEAR
Company	Fixed	Investments	Net current	Total at
	assets E	E	Assetsf	31August 2022 E
Endowment funds		137,283		137,283
Restricted funds Unrestricted funds			163,805	163,805
General fund Seed Funding	1,161,210	100	951,261 18,125	2,112,571 18,125
Strategic Fund			394570	394570
Total

n the Endowment Funds	.
RESTRICTED FUNDS		Balance		Movement			Balance
(Group and Company)		1 September		Income	Expenditure		31August
			2022		&transfers out		2023
				E		E	E
Bursary fund		107,184		70,327		(83,418)	94,093
Accommodation Fund			100				100
Online Fund			16,649	14,991		(8,566)	23,074
New dev. fund —Zoom	rooms		10,651			(4,075)	6,576
New dev. fund —Maple	Hall		8,010	60			8,070
Enroute-on-the-Move Fund			20,090	8,436		(13,013)	15,513
Library fund			1,121			(581)	540
ICT and website fund				13,182		(4,182)	9,000
Big Church Festival Fund				1,250		(998)	252
SLTAway Day Fund Plants for college Fund				305 625		(305) ~98	527
Total restricted funds
Prior Year		Balance		Movement			Balance
(Group and Company)		1 September		Income	Expenditure		31 August
			2021 E	E	&transfers out E		2022f
Bursary fund			55,402	105,570		(53,788)	107,184
Accommodation Fund			100				100
Online Fund			11,258	12,679		(7,288)	16,649
New dev. fund —Zoom	rooms		17,973	5,000		(12,322)	10,651
New dev. fund —Maple	Hall		9,420	60		(1,470)	8,010
En Route-on-the-Move	Fund		10,943	23,195		(14,048)	20,090
Library fund			4,518			(3,397)	1,121
ICT fund Learning Services Fund			11,187	625		(11,187) ~625
Total restricted funds
The Bursary Fund exists to enable men			and women	to study at	All Nations who are planning to
enter into strategic cross-cultural		ministry	after leaving	College,	and are	unable to	raise the fees.

		2023	2022
Bursary Fund Donation		Enil	F32,748
Other Donations		anil	F11,455
Costs re-charged	to Redcliffe	F37,297	245,756
Balance due to All	Nations at the year-end	L31,044	F46,722
Donations received —Transfer ofnet assets		Nil	Nil