| Reports | |
|---|---|
| Legalandadministrativeinformation | 1 |
| Keymanagementpersonnel,andprofessionaladvisors | 2 |
| StrategicReport | 3 |
| Statementofcorporategovernanceandinternalcontrol | 20 |
| Statementofregularity,proprietyandcompliance | 28 |
| StatementoftheresponsibilitiesofthemembersoftheBoard | 29 |
| Independentauditor'sreporttothemembersoftheBoardofRichmondand | |
| HillcroftAdultandCommunityCollege | 31 |
| Reportingaccountant'sassurancereportonregularity | 35 |
| FinancialStatements | |
| Statementofcomprehensiveincomeandexpenditure | 36 |
| Statementofchangesinreserves | 38 |
| Balancesheet | 39 |
| Statementofcashflows | 40 |
| Principalaccountingpolicies | 41 |
| Notestothefinancialstatements | 47 |
| UtilityandScope | 2020/21UK | 2021/22UK |
|---|---|---|
| consumption(kWh) | consumption(kWh) | |
| Naturalgas(Scope1) | 1,435,661 | 1,337,903 |
| Grid-suppliedelectricity(Scope2) | 662,763 | 695,481 |
| Total | 2,098,424 | 2,033,384 |
| UtilityandScope | 2020/21UKemission | 2021/22UKemission |
|---|---|---|
| (tCO2e) | (tCO2e) | |
| Naturalgas(Scope1) | 262,956 | 243,753 |
| Grid-suppliedelectricity(Scope2) | 140,724 | 134,492 |
| Total | 403,680 | 378,245 |
| 2020/21 | 2021/22 | |
|---|---|---|
| TotaltCO2eemissions | 403,680 | 378,245 |
| Averageheadcountemployeesfortheyear | 443 | 313 |
| Intensitymetric | 911 | 1,208 |
| KeyPerformanceIndicator | Measure/Target | Actualfor2021/22 |
|---|---|---|
| FinancialHealth | Good | Requires |
| Improvement | ||
| Ofstedrating | Outstanding | Good |
| StudentAchievement | 87.3% | 91.7% |
| StudentNumbers | 7,300 | 7,423 |
| EBITDAas%ofIncome | 2.82% | -7.07% |
| Expiryof termof office |
Termof office |
Dateof resignation |
Dateof resignation |
Statusof appointment |
WorkingGroups/ Committeesserved (2021/22) |
Attendance recordfor period concerned |
|
|---|---|---|---|---|---|---|---|
| MrMark Albrow |
31102021 | 4years | 31 | 102021 | Independent | 1ofapossible1 | |
| MrRichard Brewster |
30062023 | 4years | n/a | Independent | AuditCommittee,Search& GovernanceCommittee, RemunerationCommittee |
10ofapossible 10 2of2Audit Committee |
|
| Quality&Standards | |||||||
| Committee,Search& | |||||||
| MsKate Clarke |
01042024 | 4years | n/a | Independent | GovernanceCommittee, RemunerationCommittee, |
13ofapossible 14 |
|
| Women'sEducation | |||||||
| SteeringGroup | |||||||
| MsHelen Darracott |
01102021 | 4years | 19 | 102021 | Independent | 1ofapossible1 | |
| Search&Governance | |||||||
| MsGabrielle Flint |
n/a | n/a | n/a | Principal& Chief Executive(ex officio) |
Committee,Quality& StandardsCommitteeas member.Women's EducationSteeringGroup. AllotherCommittees(not |
10ofapossible 10 |
|
| Audit)asex-officio | |||||||
| ProfAndrew | Search&Governance | ||||||
| George (Chairofthe Board) |
01102024 | 4years | n/a | Independent | Committee(Chair), RemunerationCommittee, CapitalProjectSteering |
12ofapossible 14 |
|
| Group | |||||||
| MrDavid Izett |
01042024 | 4years | n/a | Independent | Finance&Resources Committee,CapitalProject SteeringGroup |
13ofapossible 14 |
|
| Quality&Standards | |||||||
| MsJane O'Shea |
13072023 | 4years | n/a | Independent | Committee,CapitalProject SteeringGroup,Women's |
15ofapossible 15 |
|
| EducationSteeringGroup | |||||||
| Search&Governance | |||||||
| Committee,Quality& | |||||||
| MsFarah Rachlin |
20102024 | 4years | 24 | 032022 | Independent | StandardsCommittee (Chair),Remuneration Committee,CapitalProject |
13ofapossible 14 |
| SteeringGroup,Women's | |||||||
| EducationSteeringGroup |
| Expiryof termof office |
Termof office |
Dateof resignation |
Dateof resignation |
Statusof appointment |
WorkingGroups/ Committeesserved (2021/22) |
Attendance recordfor period concerned |
|
|---|---|---|---|---|---|---|---|
| AuditCommittee,Search& | |||||||
| MsSharon Raj |
20052024 | 4years | n/a | Independent | GovernanceCommittee, RemunerationCommittee, Women'sEducation |
13ofapossible 13 |
|
| SteeringGroup | |||||||
| MrGraham Tharp |
1412 2025** |
4years | n/a | Staff | Finance&Resources Committee |
11ofapossible 11 |
|
| Search&Governance | |||||||
| committee,Remuneration | |||||||
| MrNigel Ware |
31072023 | 2years | n/a | Independent | Committee,Finance& ResourcesCommittee |
18ofapossible 18 |
|
| (Chair),CapitalProject | |||||||
| SteeringGroup | |||||||
| 10ofapossible | |||||||
| MrNick Jones |
13032025 | 4years | n/a | Independent | AuditCommittee,Finance &ResourcesCommittee |
11 | |
| 2of2Audit | |||||||
| 7ofapossible9 | |||||||
| MrDave Munby |
13032025 | 4years | n/a | Independent | AuditCommittee | 3of3Audit | |
| Committee | |||||||
| MrPaul Simmons |
13032025 * |
4years | 14 | 072022 | Student | Finance&Resources Committee |
8ofapossible 11 |
| MsClaire O'Donnell |
23032026 | 4years | n/a | Independent | Quality&Standards Committee |
2ofapossible2 | |
| MsRenuka Fernando |
23032026 | 4years | n/a | Independent | Finance&Resources Committee |
3ofapossible4 | |
| 2ofapossible2 | |||||||
| MrJohn Riglin |
23032026 | 4years | n/a | Independent | AuditCommittee | 1of1Audit | |
| Committee | |||||||
| MsElizabeth Ayles |
31072023 | 1year | n/a | Co-opted | AuditCommittee | 2of2Audit Committee |
Date: 21 December 2022
21
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £'000 | £'000 | |
| Income | |||
| Fundingbodygrants | 1 | 6,025 | 5,410 |
| Tuitionfeesandeducation | |||
| contracts | 2 | 1,547 | 1,789 |
| Othergrantsandcontracts | 3 | 14 | 139 |
| Otherincome | 4 | 457 | 601 |
| Investmentincome | 5 | 292 | 202 |
| Totalincome | 8,335 | 8,141 | |
| Expenditure | |||
| Staffcosts | 6 | 6,277 | 6,242 |
| Otheroperatingexpenses | 7 | 2,518 | 2,217 |
| Depreciation | 9 | 895 | 830 |
| Interestpayable | 16 | 427 | 336 |
| Totalexpenditure | 10,117 | 9,625 | |
| Deficitbeforeothergainsand | |||
| losses | (1,782) | (1,484) | |
| Deficitbeforetax | (1,782) | (1,484) | |
| Taxation | 8 | ||
| Deficitfortheyear | (1,782) | (1,484) | |
| Actuarialgaininrespectofpension | |||
| schemes | 16 | 7,779 | 2,259 |
| TotalComprehensive | |||
| incomefortheyear | 5,997 | 775 | |
| Representedby: | |||
| Unrestrictedcomprehensive | |||
| income | 5,997 | 775 | |
| 5,997 | 775 |
| Income | ||||||
|---|---|---|---|---|---|---|
| and | Restricted | Restricted | ||||
| expend | Revalua | Benefac | Restricted | Endow- | ||
| -iture | -tion | -tion | other | ment | ||
| account | reserve | fund | funds | fund | Total | |
| £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | |
| Balanceat1August2020 | 33,210 | 5,083 | 17 | 1,068 | 3 | 39,381 |
| Deficitfromtheincomeand | ||||||
| expenditureaccount | (1,484) | - | - | (1,484) | ||
| Othercomprehensiveincome— | ||||||
| Actuarialgaininrespectof | ||||||
| pensionschemes | 2,259 | - | 2,259 | |||
| Transfersbetweenrevaluationand | ||||||
| incomeandexpenditurereserves | 89 | (89) | ||||
| Totalcomprehensiveincomefor | 864 | (89) | 775 | |||
| theyear | ||||||
| Balanceat31July2021 | 34,074 | 4,994 | 17 | 1,068 | 3 | 40,156 |
| Deficitfromtheincomeand | ||||||
| expenditureaccount | (1,782) | (1,782) | ||||
| Othercomprehensiveincome— | ||||||
| Actuarialgaininrespectof | 7,779 | 7,779 | ||||
| pensionschemes | ||||||
| Transfersbetweenrevaluationand | ||||||
| incomeandexpenditurereserves | 89 | (89) | ||||
| Totalcomprehensiveincomefor | ||||||
| theyear | 6,086 | (89) | - | 5,997 | ||
| Balanceat31July2022 | 40,160 | 4,905 | 17 | 1,068 | 3 | 46,153 |
| 2022 | 2022 | 2021 | 2021 | ||
|---|---|---|---|---|---|
| Notes | £'000 | £'000 | £'000 | £'000 | |
| Non-currentassets | |||||
| Tangiblefixedassets | 9 | 52,839 | 52,790 | ||
| Currentassets | |||||
| Tradeandotherreceivables | 10 | 431 | 742 | ||
| Cashandcashequivalents | 15 | 2,741 | 4,124 | ||
| 3,172 | 4,866 | ||||
| Creditors-amountsfallingdue | |||||
| withinoneyear | 11 | (2,287) | (3,701) | ||
| Netcurrentassets | 885 | 1,165 | |||
| Totalassetslesscurrent | |||||
| liabilities | 53,724 | 53,955 | |||
| Creditors-amountsfallingdue | |||||
| aftermorethanoneyear | 12 | (6,570) | (5,733) | ||
| Provisions | |||||
| Netpensionliability | 16 | (1,001) | (8,066) | ||
| Totalnetassets | 46,153 | 40,156 | |||
| Restrictedreserves | |||||
| Benefactionfund | 17 | 17 | |||
| Endowmentfund | 3 | 3 | |||
| Otherrestrictedfunds | 1,068 | 1,068 | |||
| 1,088 | 1,088 | ||||
| Unrestrictedreserves | |||||
| Incomeandexpenditurereserve | 40,160 | 34,074 | |||
| Revaluationreserve | 4,905 | 4,994 | |||
| TOTALRESERVES | 46,153 | 40,156 |
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £'000 | £'000 | |
| Cashflowfromoperatingactivities | |||
| Deficitfortheyear | (1,782) | (1,484) | |
| Adjustmentfornon-cashitems | |||
| Depreciation | 895 | 830 | |
| Decrease/(increase)intradeandotherreceivables | 311 | (213) | |
| (Decrease)/increaseincreditorsduewithinoneyear | (1,414) | 222 | |
| Increaseincreditorsdueafteroneyear | 837 | 359 | |
| Pensionscostslesscontributionspayable | 714 | 609 | |
| Adjustmentforinvestingorfinancingactivities | |||
| Investmentincome | (1) | ||
| Netcashflowfromoperatingactivities | (440) | 323 | |
| Cashflowsfrominvestingactivities | |||
| Investmentincome(excludingpension) | 1 | ||
| Paymentsmadetoacquirefixedassets | (944) | (580) | |
| (943) | (580) | ||
| Decreaseincashandcashequivalentsintheyear | (1,383) | (257) | |
| 2022 | 2021 | ||
| £'000 | £'000 | ||
| Cashandcashequivalentsat1August2021 | 15 | 4,124 | 4,381 |
| Cashandcashequivalentsat31July2022 | 15 | 2,741 | 4,124 |
| undingbodygrants | ||
|---|---|---|
| 2022 | 2021 | |
| £'000 | £'000 | |
| Recurrentgrants | ||
| EducationandSkillsFundingAgency-adult | 419 | 641 |
| EducationandSkillsFundingAgency16-18 | 77 | 78 |
| GreaterLondonAuthority-DevolvedGrant | 5,079 | 4,278 |
| Specificgrants | ||
| Releaseofdeferredcapitalgrants | 233 | 162 |
| EducationandSkillsFundingAgency—ALLBursary | 55 | 74 |
| Teachers'PensionSchemecontributiongrant | 162 | 177 |
| 6,025 | 5,410 |
| Tuitionfeesandeducationcontracts | ||
|---|---|---|
| 2022 | 2021 | |
| £'000 | £'000 | |
| Adulteducationfees | 1,276 | 1,214 |
| Feesforloansupportedcourses | 176 | 223 |
| Totaltuitionfees | 1,452 | 1,437 |
| Educationcontracts | 95 | 352 |
| Total | 1,547 | 1,789 |
| 3. | Othergrantsandcontracts | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £'000 | £'000 | ||
| Othergrantsandcontracts | 1 | 6 | |
| CoronavirusJobRetentionSchemegrant | 4 | 125 | |
| CovidTestinggrant | 9 | 8 | |
| 14 | 139 |
| Otherincome | ||
|---|---|---|
| 2022 | 2021 | |
| £'000 | £'000 | |
| Otherincomegeneratingactivities | 338 | 213 |
| Crecheincome | 46 | 20 |
| Rentincome | 1 | 333 |
| Otherincome | 72 | 35 |
| 457 | 601 |
| 5. | Investmentincome | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £'000 | £'000 | ||
| Bankinterestreceivable | 1 | ||
| Netreturnonpensionscheme(note16) | 291 | 202 | |
| 292 | 202 |
| 2022 | 2021 | |
|---|---|---|
| No | No | |
| Teachingstaff | 176 | 301 |
| Non-teachingstaff | 137 | 142 |
| 313 | 443 |
| 2022 | 2021 | |
|---|---|---|
| £'000 | £'000 | |
| Wagesandsalaries | 4,128 | 4,334 |
| Socialsecuritycosts | 329 | 313 |
| Otherpensioncosts | 1,444 | 1,336 |
| Payrollsubtotal | 5,901 | 5,983 |
| Contractedoutstaffingservices | 376 | 259 |
| Totalstaffcosts | 6,277 | 6,242 |
| 2022 | 2021 | |
|---|---|---|
| No | No | |
| ThenumberofkeymanagementpersonnelincludingtheAccounting | ||
| Officerwas: | 4 | 4 |
| Keymanagement | Keymanagement | Otherstaff | |||
|---|---|---|---|---|---|
| personnel | |||||
| 2022 | 2021 | 2022 | 2021 | ||
| £65,001 | -£70,000p.a. | 1 | 1 | ||
| £75,001 | -£80,000p.a. | 2 | 2 | ||
| £95,001 | -£100,000p.a. | 1 | 1 | ||
| 4 | 4 |
| 2022 | 2021 | |
|---|---|---|
| £'000 | £'000 | |
| Salaries | 324 | 322 |
| Pensioncontributions | 71 | 70 |
| NationalInsurance-Employer'scontributions | 41 | 40 |
| Totalemoluments | 436 | 432 |
| 2022 | 2021 | |
|---|---|---|
| £'000 | £'000 | |
| Salaries | 97 | 97 |
| Pensioncontributions | 23 | 23 |
| Totalremuneration | 120 | 120 |
| 2022 | 2021 | |
|---|---|---|
| £'000 | £'000 | |
| Principal'sbasicsalaryasamultipleofthemedianofallstaff | 3.2 | 4.4 |
| Principal'stotalremunerationasamultipleofthemedianofallstaff | 3.4 | 4.7 |
| Otheroperatingexpenses | ||
|---|---|---|
| 2022 | 2021 | |
| £'000 | £'000 | |
| Teachingcosts | 826 | 634 |
| Non-teachingcosts | 944 | 847 |
| Premisescosts | 748 | 736 |
| Total | 2,518 | 2,217 |
| 2022 | 2021 | ||
|---|---|---|---|
| £'000 | £'000 | ||
| Auditors'remuneration | |||
| • | Financialstatementsaudit | 28 | 31 |
| • | Otherservicesprovidedbythefinancialstatementsauditor | 6 | 6 |
| (RegularityandTeachers'PensionsAudit) | |||
| Internalaudit | 13 | 12 | |
| Hire | ofassetsunderoperatingleases | 22 | 65 |
| Tangiblefixedassets | ||||
|---|---|---|---|---|
| Equipment, | Assetsinthe | |||
| Freeholdland | fixturesand | courseof | ||
| andbuildings | fittings | construction | Total | |
| £'000 | £'000 | £'000 | £'000 | |
| Costorvaluation | ||||
| At1August2021 | 55,010 | 522 | 455 | 55,987 |
| Additions | 314 | 315 | 315 | 944 |
| Disposals | (1) | (9) | - |
(10) |
| At31July2022 | 55,323 | 828 | 770 | 56,921 |
| Depreciation | ||||
| At1August2021 | 3,126 | 71 | 3,197 | |
| Chargefortheyear | 731 | 164 | 895 | |
| Eliminationinrespectofdisposals | (1) | (9) | (10) | |
| At31July2022 | 3,856 | 226 | 4,082 | |
| Netbookvalueat31July2022 | 51,467 | 602 | 770 | 52,839 |
| Netbookvalueat31July2021 | 51,884 | 451 | 455 |
52,790 |
| Cost | 127,240 |
|---|---|
| Aggregatedepreciationbasedoncost | (114,516) |
| Netbookvaluebasedoncost | 12,724 |
| Tradeandotherreceivables | ||
|---|---|---|
| 2022 | 2021 | |
| £'000 | £'000 | |
| Amountsfallingduewithinoneyear | ||
| Tradereceivables | 259 | 440 |
| Otherdebtors | 8 | 4 |
| Prepaymentsandaccruedincome | 162 | 296 |
| Benefactionaccount | 2 | 2 |
| 431 | 742 |
| Creditors:amountsfallingduewithinoneyear | ||
|---|---|---|
| 2022 | 2021 | |
| £'000 | £'000 | |
| Tradepayables | 216 | 322 |
| Otherpayables | 33 | 33 |
| Othertaxationandsocialsecurity | 91 | 89 |
| Accrualsanddeferredincome | 895 | 1,145 |
| Deferredincome—governmentcapitalgrants | 233 | 162 |
| AmountsowedtotheEducationandSkillsFundingAgency | 819 | 1,950 |
| 2,287 | 3,701 |
| 2022 | 2021 | |
|---|---|---|
| £'000 | £'000 | |
| Deferredincomeat1August | 458 | 554 |
| Releasedfrompreviousyears | (458) | (554) |
| Resourcesdeferredduringtheyear | 510 | 458 |
| Deferredincomeat31July | 510 | 458 |
| Creditors:amountsfallingdueaftermorethanoneyear | ||
|---|---|---|
| 2022 | 2021 | |
| £'000 | £'000 | |
| Deferredincome—governmentcapitalgrants | 5,620 | 5,373 |
| AmountsowedtotheEducationandSkillsFundingAgency | 950 | |
| 6,570 | 5,373 |
| 2022 | 2021 | |
|---|---|---|
| £'000 | £'000 | |
| Equipment | ||
| Notlaterthanoneyear | 32 | 37 |
| Laterthanoneyearandnotlaterthanfive | ||
| years | 22 | 54 |
| 54 | 91 |
| Provisions | ||
|---|---|---|
| Defined | ||
| benefit | ||
| obligations | Total | |
| £'000 | £'000 | |
| At1August2021 | 8,066 | 8,066 |
| Movementintheyear(note16) | (7,065) | (7,065) |
| At31July2022 | 1,001 | 1,001 |
| Cashandcashequivalentsandreconc | iliationofnetdebt | ||
|---|---|---|---|
| At1 | At31 | ||
| August | July | ||
| 2021 | Cashflows | 2022 | |
| £'000 | £'000 | £'000 | |
| Cashandcashequivalents | 4,124 | (1,383) | 2,741 |
| 4,124 | (1,383 | 2,741 |
| 2022 | 2021 | |
|---|---|---|
| Total | Total | |
| £'000 | £'000 | |
| Teachers'PensionScheme | 445 | 456 |
| contributionspaid | ||
| LocalGovernmentPensionScheme: | ||
| .Contributionspaid | 421 | 405 |
| .FRS102(28)charge | 578 | 475 |
| ChargetotheStatementof | ||
| ComprehensiveIncome | 999 | 880 |
| Totalpensioncostforyearwithinstaff | ||
| costs(note6) | 1,444 | 1,336 |
| At31July | At31July | |
|---|---|---|
| 2022 | 2021 | |
| Rateofincreaseinsalaries | 2.50% | 2.55% |
| Futurepensionincreases | 2.75% | 2.80% |
| Discountrateforschemeliabilities | 3.40% | 1.60% |
| Inflationassumption(CPI) | 2.75% | 2.80% |
| At31July | At31July | |
|---|---|---|
| 2022 | 2021 | |
| Years | Years | |
| Retiringtoday | ||
| Males | 21.0 | 21.6 |
| Females | 23.5 | 24.3 |
| Retiringin20years | ||
| Males | 22.3 | 22.9 |
| Females | 24.9 | 25.7 |
| Sensitivityanalysisisprovidedbelow: | 2022 |
|---|---|
| Approx | |
| monetary | |
| amount | |
| (£'000's) | |
| Discountrate+0.1% | 18,089 |
| Discountrate-0.1% | 18,890 |
| Mortalityassumption—1yearincrease | 19,192 |
| Mortalityassumption—1yeardecrease | 17,805 |
| CPIrate+0.1% | 18,491 |
| CPIrate-0.1% | 18,479 |
| Valueat | Valueat | |
|---|---|---|
| 31July | 31July | |
| 2022 | 2021 | |
| £'000 | £'000 | |
| Equityinstruments | 10,237 | 11,123 |
| Gilts | 214 | 380 |
| Bonds | 2,586 | 2,444 |
| Property | 2,277 | 1,753 |
| Cash | 216 | 696 |
| Multi-assetfund | 1,954 | 1,698 |
| Totalfairvalueofplanassets | 17,484 | 18,094 |
| Actualreturnonplanassets | (730) | 3,008 |
| asfollows: | ||
|---|---|---|
| 2022 | 2021 | |
| Total | Total | |
| £'000 | £'000 | |
| Fairvalueofplanassets | 17,484 | 18,094 |
| Presentvalueofplanliabilities | (18,485) | (26,160) |
| Netpensionsliability | (1,001) | (8,066) |
| asfollows: | ||
|---|---|---|
| 2022 | 2021 | |
| Total | Total | |
| £'000 | £'000 | |
| Amountsincludedinstaffcost | ||
| Currentservicecost | (999) | (880) |
| Pastservicecost | ||
| Total | (999) | (880) |
| Amountsincludedininvestmentincome | 291 | 202 |
| Amountsincludedininterestcosts | (416) | (331) |
| Administration expenses | (11) | (5) |
| Netinterestcost | (136) | (134) |
| Returnonpensionplanassets | (1,021) | 2,806 |
| Experiencegains/lossesarisingondefinedbenefitobligations | (1,792) | 549 |
| Changesinassumptionsunderlyingthepresentvalueofplanliabilities | 10,592 | (1,096) |
| AmountrecognisedinOtherComprehensiveIncome | 7,779 | 2,259 |
| Movementinnetdefinedbenefitliabilityduringyear | ||
|---|---|---|
| 2022 | 2021 | |
| Total | Total | |
| £'000 | £'000 | |
| Netdefinedbenefitliabilityinschemeat1August | (8,066) | (9,716) |
| Movementinyear: | ||
| .Currentservicecost | (999) | (880) |
| .Employercontributions | 421 | 405 |
| .Netinterestonthedefinedliability | (136) | (134) |
| .Actuarialgain | 7,779 | 2,259 |
| Netdefinedbenefitliabilityat31July | (1,001) | (8,066) |
| Assetandliabilityreconciliation | ||
|---|---|---|
| 2022 | 2021 | |
| Total | Total | |
| £'000 | £'000 | |
| Definedbenefitobligationsat1August | 26,160 | 24,607 |
| Currentservicecost | 999 | 880 |
| Interestcost | 416 | 331 |
| ContributionsbySchemeparticipants | 109 | 109 |
| Changeindemographicassumptions | (973) | (311) |
| Changesinfinancialassumptions | (9,619) | 1,407 |
| Estimatedbenefitspaid | (399) | (314) |
| Experience(losses)ondefinedbenefitobligations | 1,792 | (549) |
| Definedbenefitobligationsat31July | 18,485 | 26,160 |
| Changesinfairvalueofplanassets | ||
|---|---|---|
| 2022 | 2021 | |
| Total | Total | |
| £'000 | £'000 | |
| Fairvalueofplanassetsat1August | 18,094 | 14,891 |
| Interestonplanassets | 291 | 202 |
| Returnonplanassets | (1,021) | 2,806 |
| Employercontributions | 421 | 405 |
| ContributionsbySchemeparticipants | 109 | 109 |
| Estimatedbenefitspaid | (399) | (314) |
| Administrationexpenses | (11) | (5) |
| Fairvalueofplanassetsat31July | 17,484 | 18,094 |
| Learnersupportfunds | ||
|---|---|---|
| Year | Year | |
| ended | ended | |
| 31July | 31July | |
| 2022 | 2021 | |
| LearnerSupportFunds | £'000 | £'000 |
| OtherLearnerSupportFunds(AdvancedLearnerLoansBursary) | ||
| Grantreceived—currentyear | 76 | 233 |
| Less:Disbursedtostudents | (53) | (45) |
| Less:Administrationfee | (1) | (18) |
| Less:Retainedincome | (23) | |
| Underspendfortheyear | 22 | 147 |
| CapitalCommitments | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £'000 | £'000 | |||
| Commitmentscontractedforat | 31 | July | 30 | 0 |