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|`Contents`|`Pages`|
|---|---|
|`Legalandadministrativeinformation`|`1`|
|`TheCouncil’sreport`|`2-13`|
|`StatementoftheCouncil’sresponsibilities`|`14`|
|`Auditor’sreport`|`15-16`|
|`Statementoffinancialactivities`|`17`|
|`Balancesheet`|`18`|
|`StatementofCashflows`|`19`|
|`Notestotheaccounts`|`20-31`|











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|`QUEEN’SCOLLEGE,LONDON`||||
|---|---|---|---|
|`STATEMENTOFCASHFLOWS`||||
|`YEAR ENDED31AUGUST2022`||||
|||<br>`2022`|<br>`2021`|
|||`£`|`£`|
|`Cashflowsfromoperatingactivities:`||||
|`Netcashprovidedbyoperatingactivities`||`632,132`|`240,993`|
|`Cashflowsfrominvestingactivities:`||||
|`Investmentincome`||`90,502`|`82,528`|
|`Paymentstoacquiretangiblefixedassets`||`(536,219)`|`(229,793)`|
|`Paymentstoacquireinvestments`||`(613,410)`|`(339,697)`|
|`Proceedsfromdisposalofinvestments`||`613,443`|`269,432`|
|`Otherreceiptsandmovementsfrominvestmentportfolio`||`(1,031,067)`|`46,343`|
|`Netcashusedininvestingactivities`||`(1,476,751)`|`(171,187)`|
|`Changeincash and cashequivalentsinthereportingperiod`||`(844,619)`|`69,806`|
|`Cashandcashequivalentsatthebeginningofthereportingperiod`||`3,443,406`|`3,373,600`|
|`Cashandcashequivalentsattheendofthereportingperiod`||`2,598,787`|`3,443,406`|
|`Reconciliationofnetincometonetcash flowfromoperatingactivities`||||
|||`2022`|`2021`|
|||`£`|`£`|
|`Net(expenditure)/incomeforthereportingperiod`||||
|`(asperthestatementoffinancialactivities)`||`(21,422)`|`19,774`|
|`Adjustmentsfor:`||||
|`Netloss/(gain)oninvestments`||`214,773`|`(390,257)`|
|`Depreciationcharges`||`429,997`|`491,091`|
|`Investmentincome`||`(90,502)`|`(82,528)`|
|`Increaseindebtors`||`(193,402)`|`(347,217)`|
|`Increaseincreditors`||`292,688`|`550,130`|
|`Netcashprovidedbyoperatingactivities`||`632,132`|`240,993`|
|`Analysisofcashandcashequivalents`||`2022`|`2021`|
|||`£`|`£`|
|`Cashinhand`||`2,598,787`|`3,443,406`|
|`Totalcashandcashequivalents`||`2,598,787`|`3,443,406`|
|`NetDebtanalysisofcashandcashequivalents`|`2021`|`Cashflows`|`2022`|
||`£`|`£`|`£`|
|`Cashinhand`|`3,443,406`|`(844,619)`|`2,598,787`|
|`Totalnetdebt`|<br>`3,443,406`<br>|<br>`(844,619)`<br>|<br>`2,598,787`<br>|


















|`5.`|`Totalexpenditure- 2022`|`Staff`|||`Other`|`Total`|`Total`|
|---|---|---|---|---|---|---|---|
|||`Costs`|`Depreciation`||`Costs`|`2022`|`2021`|
|||`£`|`£`||`£`|`£`|`£`|
||`Costsofraisingfunds`|||||||
||`Investmentmanagement`|||||||
||`costs`|`-`||`-`|`12,520`|`12,520`|`11,555`|
||`Fundraising`|`-`||`-`|`64,885`|`64,885`|`57,950`|
||`Totalcostsofraisingfunds`|<br>`-`|<br>|<br>`-`|<br>`77,405`|<br>`77,405`|<br>`69,505`|
||`Charitableactivities`|||||||
||`Teaching`|`5,579,516`||`-`|`237,722`|`5,817,238`|`5,609,570`|
||`Housekeeping,cleaningandcatering`|`-`||`-`|`1,067,977`|`1,067,977`|`936,188`|
||`Premisescosts`|`125,966`|<br>`429,997`||`1,456,166`|`2,012,129`|`2,076,201`|
||`Supportcosts`|`1,639,312`||`-`|`1,072,493`|`2,711,805`|`2,415,616`|
||`Totalcharitableactivities`|<br> <br>`7,344,794`|<br> <br> <br>`429,997`|<br> <br>|<br> <br>`3,834,358`|<br> <br>`11,609,149`|<br> <br>`11,037,575`|
||`Totalexpenditure`|`7,344,794`<br>|<br>`429,997`<br>|<br>|`3,911,763`<br>|`11,686,554`<br>|`11,107,080`<br>|
||`Includedwithinsupportcostsabovearegovernancecostsof£14,500`|||`(2021:`|`£13,600)inrespectofpaymentsmade`|||
||`totheauditorsforauditservices.`|||||||
||`Includedwithinpremisescostsis£1,069,412(2021:£1,024,649)inrelation`||||`tooperating`|`leasepayments.`||
||`Totalexpenditure- 2021`|`Staff`|||`Other`|`Total`|`Total`|
|||`Costs`|`Depreciation`||`Costs`|`2021`|`2020`|
|||`£`|`£`||`£`|`£`|`£`|
||`Costsofraisingfunds`|||||||
||`Investmentmanagement`|||||||
||`costs`||`-`|`-`|`11,555`|`11,555`|`10,985`|
||`Fundraising`||`-`|`-`|`57,950`|`57,950`|`27,564`|
||`Totalcostsofraisingfunds`|<br>|<br> <br>`-`|<br> <br>`-`|<br> <br> <br>`69,505`|<br> <br> <br>`69,505`|<br> <br> <br>`38,549`|
||`Charitableactivities`|||||||
||`Teaching`|`5,487,055`||`-`|`122,515`|`5,609,570`|`5,441,902`|
||`Housekeeping,cleaningandcatering`||`-`|`-`|`936,188`|`936,188`|`728,752`|
||`Premisescosts`|`117,945`|<br>`491,091`||`1,467,164`|`2,076,201`|`2,008,013`|
||`Supportcosts`|`1,468,256`||`-`|`947,360`|`2,415,616`|`2,184,172`|
||`Totalcharitableactivities`|<br> <br>`7,073,257`|<br> <br> <br>`491,091`||<br> <br> <br>`3,473,226`|<br> <br> <br>`11,037,575`|<br> <br> <br>`10,362,839`|
||`Totalexpenditure`|`7,073,257`<br>|<br>`491,091`<br>||`3,542,732`<br>|`11,107,080`<br>|`10,401,388`<br>|








|`OtherSupportcostscanbeanalysedasfollows:`|||
|---|---|---|
||`2022`|`2021`|
||`£`|`£`|
|`Insurance`|`134,724`|`138,180`|
|`Printing,PostageandStationery`|`96,779`|`148,270`|
|`TelephoneandIT`|`302,145`|`221,760`|
|`Advertising`<br>`Catering,hospitality`|`12,845`<br>`59,218`|`19,593`<br>`13,211`|
|`Opendays,certs,presentations,churchservices,foundersday,flowers`|`21,914`|`15,310`|
|`PEcourthire,transport`|`160,755`|`77,167`|
|`Recruitment,retention,training,welfare`<br>`Other`|`114,372`<br>`169,741`|`97,272`<br>`216,597`|
||`1,072,493`|`947,360`|
|`Council`|||
|`NoneoftheCouncil(oranypersonsconnectedwiththem)receivedanyremunerationorbenefitsfromtheCollege`|||
|`duringtheyear(2021:none).`|||
|`Employees`|`2022`|`2021`|
|`Numberofemployees`|`Number`|`Number`|
|`Theaveragemonthlynumberofemployeesduringtheyearwas:`|||
|`Teachingstaff`<br>`Non-teachingstaff`|`90`<br>`46`|`82`<br>`46`|
||`136`|`128`|
|`Employmentcosts`|`2022`|`2021`|
||`£`|`£`|
|`Wagesandsalaries`|`5,633,973`|`5,257,373`|
|`Socialsecuritycosts`|`641,976`|`568,282`|
|`Pensioncontributions`<br>`Terminationandredundancy payments`|`1,068,445`<br>`-`|`991,715`<br>`10,420`|
||`7,344,794`|`6,827,789`|
||`2022`|`2021`|
||`Number`|`Number`|
|`Thenumberofemployeeswhoseremunerationwas£60,000ormorewere:`|||
|`£60,000- £70,000`<br>`£70,000- £80,000`<br>`£80,000- £90,000`<br>`£90,000- £100,000`<br>`£100,000- £110,000`<br>`£160,000- £170,000`|`FPNRK`<br>`WDOO`<br> <br>|`AN`<br>`Hr`<br>`WwW`<br>`|,`<br> <br>|
|`Thetotalremunerationofkeymanagementpersonnelintheyearwas£1,216,536(2021:£1,076,371).`|||





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|`8.`||`Tangiblefixedassets`|||||`Leasehold`|
|---|---|---|---|---|---|---|---|
||||||||`Improvements`|
||||||||`£`|
|||`Cost`||||||
|||`At1 September2021`|||||`8,779,747`|
|||`Additions`|||||`536,219`|
|||`At31August2022`|||||`9,315,966`|
|||`Depreciation`||||||
|||`At1 September2021`|||||`4,170,267`|
|||`Chargefortheyear`|||||`429,997`|
|||`At31August2022`|||||`4,600,264`|
|||`Netbookvalue`||||||
|||`At31August2022`|||||`4,715,702`|
|||`At31August2021`|||||`4,609,480`|
|||`Fixedassetinvestments`|`General`|`Designated`|`_Restricted`|`Total`|`Total`|
||||`Funds`|`Funds`|`Funds`|`2022`|`2021`|
||||`£`|`£`|`£`|`£`|`£`|
|||`Marketvalueat1 September2021`|`874,195`|`462,180`|`1,344,727`|`2,681,102`|`2,266,923`|
|||`Acquisitionsatcost`|`46,150`|`29,778`|`537,482`|`613,410`|`339,697`|
|||`Disposalsatopeningbookvalue`|`(47,487)`|`(250,069)`|`(315,887)`|`(613,443)`|`(269,432)`|
|||`Changeinvalueintheyear`||||||
|||`(includinginvestmentcash`<br>`movements)`|`375,206`|`(241,889)`|`682,977`|`816,294`|`343,914`|
|||`Marketvalueat31August2022`|<br> <br>`1,248,064`|<br> <br> <br> <br>`-`|<br> <br> <br> <br>`2,249,299`|<br> <br> <br> <br>`3,497,363`|<br> <br> <br> <br>`2,681,102`|
||`10.`|`Debtors`||||`Total`<br>`2022`|`Total`<br>`2021`|
|||||||`£`|`£`|
|||`Feedebtors`<br>`Otherdebtors`<br>`Prepaymentsandaccruedincome`||||`3,155,092`<br>`41,293`<br>`332,813`|<br>`2,967,534`<br> <br>`27,212`<br> <br>`341,050`|
|||||||`3,529,198`|<br>`3,335,796`|





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|`19.`<br>`ComparativeStatementofFinancialActivities`|`19.`<br>`ComparativeStatementofFinancialActivities`||||
|---|---|---|---|---|
|||`Unrestricted`|`Restricted`|`Total`|
|||`Funds`|`Funds`|`2021`|
||`Notes`|`£`|`£`|`£`|
|`INCOMEFROM:`|||||
|`Donationsandgrantsreceivable`|`2`|`14,098`|`203,189`|`217,287`|
|`Investments`|`3`|`37,220`|`45,308`|`82,528`|
|||<br>`51,318`|<br>`248,497`|<br>`299,815`|
|`Charitableactivity`|||||
|`Education`|`4`|`10,436,782`|`-`|`10,436,782`|
|`Totalincome`||<br>`10,488,100`|<br>`248,497`|<br>`10,736,597`|
|`EXPENDITUREON:`|||||
|`Raisingfunds`||`69,505`|`=`|`69,505`|
|`Charitableactivity`|||||
|`Education`||`11,037,575`|`=`|`11,037,575`|
|`Totalexpenditure`|`5`|<br> <br>`11,107,080`|<br> <br>`-`|<br> <br>`11,107,080`|
|`Netincomebeforenetlosseson`|||||
|`investments`||`(618,980)`|`248,497`|`(370,483)`|
|`Netgains/(losses)oninvestments`||`187,212`|`203,044`|`390,257`|
|`Netincome`||<br>`(431,767)`|<br>`451,541`|<br>`19,774`|
|`Transfersbetweenfunds`|`13/14`|`28,990`|`(28,990)`|`-`|
|`Netmovementinfunds`||<br>`(402,777)`|<br>`422,551`|<br>`19,774`|
|`Fundbalancesat1 September2020`||`6,909,579`|`1,286,908`|`8,196,487`|
|`Fundbalancesat31August2021`||<br>`6,506,802`<br>|<br>`1,709,459`<br>|<br>`8,216,261`<br>|