2022-06-30-accounts - The Open School Trust

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Legal and Administrative	Information	Information	Information
Council Members' Annual	Report					2-4
Report ofthe Auditors						s -6
Statement ofFinancial Activities
Balance Sheet
Statement ofCash Flows
Notes forming pmt ofthe	financial		statements			10-17
The following pages do not form		part ofthe statutory		financial	statements:
Detailed Statement ofFinancial		Activities
Detailed Balance Sheet						19

REGISTRATION NUMBER.	02438525 (Company	02438525 (Company	02438525 (Company		limited	guarantee)	guarantee)
CHARITY NUMBER:	328414
COUNCIL MEMBERS:	Dr R. Dorrance		(Chairperson)
	Dr R.Morpeth
	R.A. Marshall		(Vice Chairperson)
	C. Callaway	(resigned			June 2022)
	R,E.Moore (resigned				November	2021)
	C.J.Woolliscroli
	Dr V. Pittard
	S.Mistry
CHIEF EXECUTIVE OFFICER:	E Chesterman
REGISTERED OFFICE	Wooipack House
	70 High Street
	Sawston
	Cambridge
	CB22 3HI
AUDITORS.	Prentis &Co	LLP
	Chartered Accountants				Jk Statutory		Auditors
	115cMilton Road
	Cmnbridge
	CB4 IXE
BANKERS:	CAF (Charities		Aid	Foundation)		Bank		National	Westminster	Bank
	25 Kings Hill	Avenue						Kings Parade Branch
	Kings Hill							10Benet	Street
	West Mailing,		Kent					Cambridge
	ME194TA							CB2 3PU
	Insignia
	StJohns Innovation			Centre
	Cowley Road
	Cambridge
	CB4 OWS
SOLICITORS;	Stone King
	3rd Floor
	Bateman House
	82-88 Hills Road
	Cambridge
	CB2 ILQ

					2022	2022	2022	2021	2021	2021
				Notes	Unrestricted	Restricted	Total	Unrestrictedl	Restricted	Total
					Funds	Funds	Funds	Funds	Funds	Funds
INCOME	FROM:				f				f
Charitable	activities:
Fees					1,304,902		1,304,902	1,513,909		1,513,909
Publications	and licences				3,818		3,818	4,110		4,110
Project incoine									6,250	6,250
Other inconte					22,879		22,879	2,090		2,090
TOTAL INCOME					1,331,599		1,331,599	1,520,109	6,250	1,526,359
EXPENDITURE ON:
Charitable	activities:
Fees					1,161,936		1,161,936	1,224,831		1,224,831
Publications	and licences				24,521		24,521	45,191		45,191
Projects						2,690	2,690		3,560	3,560
Other costs					29,844		29,844	27,339		27,339
TOTAL EXPENDITURE					1,216,301	2,690	1,218,991	1,297,361	3,560	1,300,921
Net income	and net
movement	in funds				115,298	(2,690)	112,608	222,748	2,690	225,438
RECONCILIATION			OF FUNDS
Total funds	brought	forward			757,840	2,690	760,530	535,092		535,092
Total funds	carried	forward			873,138		873,138	757,840	2,690	760,530

		Notes			2022	2021
FIXEDASSETS
Intangible assets					119,140		164,059
Tangible assets					34,180		64,054
TOTAL FIXEDASSETS					153,320		228,113
CURRENT ASSETS
Stocks		10		10,436		16,682
Debtors		11		66,702		47,917
Cash at bank and in hand				852,735		813,019
TOTAL CURRENT ASSETS				929,873		877,618
LIABILITIES:
Creditors: Amounts falling due
within one year		12		(100,025)		(221,933)
NET CURRENT ASSETS					829,848		655,685
TOTAL ASSETSLESSCURRENT LIABILITIES					983,168		883,798
PROVISIONS FORLIABILITIES		13			(110,030)		(123468)
TOTAL NET ASSETS					873,138		760,530
THE FUNDS OFTHE	CHARITY:
Unrestrictmi Funds		14			873,138		757,840
Restricted Funds		14					2,690
TOTAL FUNDS					873,138		760,530
The Enancial statements	were approved	by the Council ofTrustees on	I(	Abesvarnttrev'	Z4~
and signed on its behalf by

				2022	2021
				Total	Total
			Notes	Funds	Funds
Cash flows from operating	activities:
Net cash pro vkted by/(used	In) operating	activ I ties	17	73,255	408,586
Cash flows from investing	activities:
Purchase oftangible fixed assets				(7,752)	(18,665)
Capitallsation ofintangible	assets			(25,787)	(27,780)
Net cash provided by/(used	in) Investing	activities		(33,539)	(46,445)
Cash flows from tinancing	activities:
Repayment ofborrowing					(50,000)
Net cash provided by/(used	In)financing	activities			(50,000)
Change In cash and cash equivalents in		the year		39,716	312,141
Cash and cash equivalents	brought forward			813,019	500,878
Cash and cash equivalents	carried forward			852,735	813,019

EXPENDITURE ON:	EXPENDITURE ON:
CHARITABLE ACTIVITIES				Activities
FOR THE YEAR ENDED 30TH			JUNE 2022	Undertaken	Other Direct	Support	2022
				Directly	Costs	Costs	Total
							f.
Fees				682,403	8,377	471,156	1,161,936
Publications	& licences			23,166		1,355	24,521
Projects					2,690		2,690
Governance	costs					29,844	29,844
				705,569	11,067	502,355	1,218,991
ANALYSIS	OF SUPPORT COSTS
FOR THE YEAR ENDED 30TH			JUNE 2022		Publications		2022
				Fees	tk Licences	Governance	Total
				g	f,
Postage and	carriage			1,092	3		1,095
Staff costs				132,548	381		132,929
Office expenses				6,066	17		6,083
Computer and hardwtue		expenses		58,944	169		59,113
Telephone				5,542	16		5,558
Depreciation	and amortisation			108,021	311		108,332
Professional	fees			6,955	20		6,975
Accountancy				102			102
Other costs				318	I		319
Recruitment	costs			875	3		878
Bank and credit card charges				15,646	45		15,691
Premises expenses				55,844	161		56,005
Advertising	and marketing			79,203	228		79,431
				471,156	1,355		472,511
ANALYSIS	OF GOVERNANCE		COSTS
Legal and professional						16,470	16,470
Auditors remuneration						6,900	6,900
Council Member expenses						474	474
Apportionment ofpremises costs						6,000	6,000
				471,156	1,355	29,844	502,355

EXPENDITURE ON;	EXPENDITURE ON;
CHARITABLE ACTIVITIES						Activities
FOR THE YEAR ENDED			30TH		JUNE 2021	Undertaken	Other Direct	Support	2021
						Directly	Costs	Costs	Total
						f
Fees						682,875	7,200	534,756	1,224,831
Publications	& liccnces					39,789		5,402	45,191
Projects							3,560		3,560
Governance	costs							27,339	27,339
						722,664	10,760	567,497	1,300,921
ANALYSIS	OF SUPPORT COSTS
FOR THE YEAR ENDED			30TH		JUNE 2021		Publications		2021
						Fees	& Licences	Governance	Total
						f		f.
Postage and	carriage					356	3		359
Staff costs						116,745	1,179		117,924
Office expenses						2,046	21		2,067
Computer and hardware		expenses				57,188	579		57,767
Telephone						7,606	78		7,684
Depreciation	and amortisation					170,878	1,726		172,604
Professional	fees					8,539	86		8,625
Accountancy						1,562	16		1,578
Other costs						186	I		187
Recruitment	costs					17,514	177		17,691
Bank and credit card charges						19,828	200		20,028
Premises expenses						67,556	682		68,238
Advertising	and marketing					64,752	654		65,406
						534,756	5,402		540,158
ANALYSIS	OF GOVERNANCE				COSTS
Legal and professional								14,739	14,739
Auditors remuneration								6,600	6,600
Apportionment ofpremises			costs					6,000	6,000
						534,756	5,402	27,339	567,497
NET INCOME FOR THE			YEAR					2022	2021
Auditors remuneration				- Audit				6,900	6,600
				- Other services (consultancy)				102	1,577
Depreciation	oftangible fixed			assets				37,626	50,481
Amortisation	ofintangible		fixed assets					70,706	122,123

ofthe financial statement	s.
ANALYSIS OF STAFF	COSTS AND REMUNERATION	OF	2022	2021
KEYMANAGEMENT	PERSONNEL
Salaries and wages			603,359	529,582
Social security costs			43,417	34,849
Pension contributions			33,733	32,772
			680,509	597,203

The average	weekly number ofstaff employed	2022	2021
Charitable activities		25	20
Management	and Administration	2	2
		27	22

INTANGIBLE FIXEDASSETS	INTANGIBLE FIXEDASSETS		Course
FOR THE	YEAR ENDED 30TH JUNE 2022	Goodwill	Development	Total
COST OR	VALUATION
Balance at	1st July 2021	301,166	699,366	1,000,532
Additions			25,787	25,787
Balance at	30th June 2022	301,166	725,153	1,026,319
AMORTISATION
Balance at	1st July 2021	198,768	637,705	836,473
Charge for	the year	25,599	45,107	70,706
Balance at	30th June 2022	224,367	682,812	907,179
NET BOOK VALUE as at 30th June 2022		76,799	42,341	119,140
INTANGIBLE FIXEDASSETS			Course
FOR THE	YEAR ENDED 30TH JUNE 2021	Goodwill	Development	Total
COST OR	VAI,UATION
Balance at	1st July 2020	301,166	671,586	972,752
Additions			27,780	27,780
Balance at	30th June 2021	301,166	699,366	1,000,532
AMORTISATION
Balance at	1st July 2020	173,169	541,181	714,350
Charge for	the year	25,599	96,524	122,123
Balance at	30th June 2021	198,768	637,705	836,473
NET BOOK VALUE as at 30th June 2021		102,398	61,661	164,059
TANGIBLE FIXEDASSETS		Leasehold	Equipment
YEAR ENDED 30TH JUNE 2022		Improvement	& Software	Total
COST OR	VALUATION
Balance at	1st July 2021	30,073	319,254	349,327
Additions			7,752	7,752
Disposals		(30,073)	(13,459)	(43,532)
Balance at	30th June 2022		313,547	313,547
DEPRECIATION
Balance at	1st July 2021	30,073	255,200	285,273
Charge for	the year		37,626	37,626
Eliminated	on disposal	(30,073)	(13,459)	(43,532)
Balance at	30th June 2022		279,367	279,367
NET BOOK VALUE as at 30th June 2022			34,180	34,180

9a.	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS	Leasehold	Equipment
	YEAR ENDED 30TH JUNE 2021		Improvement	& Software	Total
	COST OR VALUATION			6
	Balance at 1st July 2020		30,073	301,695	331,768
	Additions			18,665	18,665
	Disposals			(1,106)	(1,106)
	Balance at 30th Junc 2021		30,073	319,254	349,327
	DEPRECIATION
	Balance at 1st July 2020		30,073	205,825	235,898
	Charge for the year			50,481	50,481
	Eliminated on disposal			(1,106)	(1,106)
	Balance at 30th June 2021		30,073	255,200	285,273
	NET BOOK VALUE as at	30th June 2021		64,054	64,054
10.	STOCKS			2022	2021
					f.
	Finished goods and goods	for resale		10,436	16,682
	DEBTORS			2022	2021
				f
	Trade debtors			46,445	29,579
	Prepayments and accrued income			20,192	18,338
	Other debtors			65
				66,702	47,917
12.	CREDITORS.'AMOUNTS	FALLING DUE W1THIN ONE YEAR		2022	2021
	Trade creditors			32,930	119,504
	Other creditors			17,231	16,865
	Accruals and deferred income			49,864	85,564
				100,025	221,933
13.	PROVISIONS FOR LIABILITIES			2022	2021
					f.
	Balance brought forward			123,268	128,269
	Movement in provision			(13,238)	(5,001)
	Balance carried forward			110,030	123,268

14.	ANALYSIS OF CHARITABLE FUNDS	Brought				Carried
	YEAR ENDED 30TH JUNE 2022	Forward	Income	Expenditure	Transfers	Forward
		g	f
	UNRESTRICTED FUNDS
	Genera! funds	757,840	1,331,599	1,216,301		873,138
	RESTRICTED FUNDS
	Open University	2,690		2,690
	TOTAL FUNDS	760,530	1,331,599	1,218,991		873,138
14a.	ANALYSIS OF CHARITABLE FUNDS	Brought				Carried
	YEAR ENDED 30TH JUNE 2021	Forward	Income	Expenditure	Transfers	Forward
		6
	UNRESTRICTED FUNDS
	General Rnds	535,092	1,520,109	1,297,361		757,840
	RESTRICTED FUNDS
	Open University		6,250	3,560		2,690
	TOTAL FUNDS	535,092	1,526,359	1,300,921		760,530

	Restricted	fund purpose:
	Open University - funding		received towards	ajoint project with Open University	for geography	to produce a new
	geography	A-Level.
15.	ANALYSIS OF NET ASSETS BETWEEN			FUNDS	2022	2022	2022
	YEAR ENDED 30TH JUNE 2022				Unrestricted	Restricted	Total
					Funds	Funds	Funds
						f	f
	Intangible	fixed assets			119,140		119,140
	Tangible	fixed assets			34,180		34,180
	Current assets				929,873		929,873
	Creditors	due within one	year		(100,025)		(100,025)
	Provision	for liabilities			(110,030)		(110,030)
					873,138		873,138
15a.	ANALYSIS OF NET ASSETS BETWEEN			FUNDS	2021	2021	2021
	YEAR ENDED 30TH JUNE 2021				Unrestricted	Restricted	Total
					Funds	Funds	Funds
						f
	Intangible	fixed assets			164,059		164,059
	Tangible	fixed assets			64,054		64,054
	Current assets				874,928	2,690	877,618
	Creditors	due within one	year		(221,933)		(221,933)
	Provision	for liabilities			(123,268)		(123,268)
					757,840	2,690	760,530

		2022	2021
Net movement in	funds	112,608	225,438
Addi Depreciation		37,626	50,481
Add. Amortisation		70,706	122,123
Decrease/(increase)	in stocks	6,246	(1,702)
(Increase)/decrease	in debtors	(18,785)	6,097
(Decrease)/increase	in creditors	(135,146)	6,149
		73,255	408,586

	Land &.Buildings
	2022	2021
In less than one year	30,000
More than one year	120,000
	150,000