allnations
t(aining loi mission
Year ended 2023
REPORT AND
FINANCIAL
STATEMENTS
Company Number 990054 Charity Number 311028
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|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|
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||||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|
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|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|||||
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||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|
|12|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.|
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|||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|