## ## ## |||Page| |---|---|---| |Reference and administrative|details ofthe charity, its trustees and advisers|| |Trustees'
report||2-6| |Independent
auditors'
report||7-10| |Consolidated
statement offinancial activities||| |Consolidated
balance sheet||12-13| |Company
balance sheet||14-15| |Notes to the financial statements||16-37| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||funds|funds|funds|funds| ||||2021|2021|2021|2020| |||Note|8||8|5| |INCOME FROM:||||||| |Charitable
activities||2|372,476||372,476|466,657| |Investments
Other income - Grants||3|38,959
1818310|~7487|38,959
1 033797|39,030
t 544886| |TOTAL INCOME|||2 229 745|~582|2 245232|2052 572| |EXPENDITURE ON:||||||| |Charitable
activities||5|2096020|12575|24~00 u|2013045| |TOTAL EXPENDITURE|||2D05820|~4575|2 4~08 92~t3 045|| |NET INCOME/(EXPENDITURE)|AND NET|||||| |MOVEMENT
IN FUNDS FOR THE YEAR|||133,925|2,912|136,837|39,527| |RECONCILIATION
OF FUNDS:||||||| |Total funds brought
forward|||2155510|2D0516|2365034|2325507| |TOTAL FUNDS CARRIED FORWARD|||~8L443-~428-~M~|||~66~34| ## ## ## |||Note||2021f||2020f| |---|---|---|---|---|---|---| |FIXEDASSETS||||||| |Intangible assets||||(331,563j||(331,563)| |Tangible assets||11|2,187,766||2,295,933|| |Investment
property||12|331 553||331 563|| |Total tangible assets||||2519329||2 tl22 405| |||||2,187,766||2,295,933| |CURRENT ASSETS||||||| |Debtors||14|248,682||226,563|| |Cash at bank and|in hand||914616||224 003|| ||||1,163,288||950,556|| |CREDITORS: amounts
one year||falling due within
15|~28 456||297967|| |NET CURRENT ASSETS||||880 842||652 592| |TOTAL ASSETS|LESS|CURRENT LIABILITIES||3,068,608||2,948,532| |CREDITORS: amounts||falling due after||||| |more than one year||16||566,737||583,498| |NET ASSETS||||||| |CHARITY FUNDS||||||| |Restricted funds||17a||212,428||209,516| |Unrestricted
funds||17a||~289443||2 1555t8| |TOTAL FUNDS||||||~23 5JI3dl| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |CHARITABLE ACTIVITIES||||| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||funds|funds|funds|funds| ||2021|2021|2021|2020| ||5|5|E|| |Annual fees|141,441||141,441|185,469| |Course fees 8 services|231,035||231,035|283,188| |INVESTMENT INCOME||||| ||Unrestricted|Restricted|Total|Total| ||funds|funds|funds|funds| ||2021|2021|2021|2020| |||5||| |Rent receivable|38,948||38,948|38,912| |Bank interest receivable|11||11|118| ## ## |||||Total|Total| |---|---|---|---|---|---| |||||2021|2020f| |Auditor's|remuneration||—audit fee|3,250|2,250| |Depreciation||on land|and buildings|43,549|37,106| ## ## ## ## ## |||Total|Total| |---|---|---|---| |||2021|2020| |||6|| |Course fees and services
Revenue
expenditure
College fees and subcontract
Staif training
Staff welfare
Wages and salaries (inc. Nl)
Staff pension costs defined contdbution
Rates
Cleaning
Power,
light and heat
Property
repairs and maintenance
Premises
insurance
Equipment
repairs
Leasing —equipment
Computer
running
costs
Leasing - motor vehicles
Motor running
expenses
Subscriptions
and donations
Legal and professional
fees
Accountancy
Audit fees for subsidiary
Bank charges
Bad and doubtful
debts||41,262
39,872
57,614
1 333
22,079
1,317,717
147,069
8,809
32,843
16,383
15,180
12,226
13,234
49,785
60,422
7,568
19,525
2,586
11,491
2,020
4,000
17,582
186|91,580
18,622
28,083
6,749
19,241
1,249,544
112,242
7,427
26,907
17,701
10,524
11,442
6,412
36,903
57,311
15,270
25,214
3,804
46,198
2,465
3,900
7,261| |Printing
and stationery
Advertising
Telecommunications
Sundry expenses
Recruitment
costs
Depreciation
of Fixtures, Fittings and E
Depreciation
ofPlant & Machinery
Governance costs (see note 4)|quipment|7,088
9,629
10,694
11,261
55,011
67,127
46,799|8,181
8,313
8,932
8,486
30,000
57,111
47,866
39,356| ## ## ## ## ## ## |



All turnover arose within the United
Kingdom.|.||| |---|---|---|---| |||Total|Tote/| |||2021|2020| |||6|E| |Income from annual
subscription
fees received
Income from apprenticeship
course fees &other consulting
ESFA grants
Rent receivable
Bank interest receivable
Other grants received —unrestricted|services|141,441
231,035
1,808,710
38,948
11
9,600|185,469
283,188
1,506,021
38,912
118
14,400| ## ||||2021|2020| |---|---|---|---|---| ||||E|| |Depreciation
oftangible fixed assets
Operating
Lease charge for the year|||165,687
57,353|142,083
52,173| ## ## ## ## |Staff c|osts were as follows:||| |---|---|---|---| |||2021f|2020| |Wages
Social|and salaries
security costs|1,199,429
118,288|1,125,046
124,498| |Other|pension costs|147,069|112,242| |||~Slue|~361786| |2021|2020| |---|---| |No.|No.| |28|28| |2021|2020| |---|---| |No.|No.| ## ## ## ## ||||||Fixtures,|| |---|---|---|---|---|---|---| ||||Freehold|Plant and|fittings and|| ||||property|machinery|equipment|Total| |Group||||E|6|6| |Cost||||||| |At 1 August|2020||2,329,887|458,946|512,555|3,301,388| |Additions
Dispcsals|||2,801|3,782
-|50,937
~280|57,520
~288| |At 31 July 2021|||2332688462728||563204|3358620| |Depreciation||||||| |At 1 August
Charged
for
Depreciation|2020
the year
eliminated|on disposals|418,439
43,549|263,278
57,829|323,738
64,309
~208|1,005,455
165,687
~2| |At 31 July 2021|||401 088|321 107|387759|I 170804| |Net book value||||||| |At 31 July 2021||||||| |At 31Ju/y 2020|||01144|III5688|~108|~05033| ## ## ## ## ## |||||| |---|---|---|---|---| |Company|||Fixtures,|| ||Freehold|Plant and|fittings and|| ||property
6|machinery
8|equipment
6|Total
6| |Cost||||| |At 1 August 2020
Additions
Dlsposals|2,329,887
2,801|458,946
3,782|330,808
28,115|3,119,641
34,698| |At 31 July 2021|~232 688|~462 72|358 923|3 16403$| |Depreciation||||| |At 1 August 2020
Charged for the year
Disposals|418,439
43,549|263,278
57,829|166,148
47,822|847,865
149,200| |At 31 July 2021|461 986|321 137|~27
676|997065| |Net book value||||| |At 31 July 2021||||| |At31 Ju/y2020|~448|~84L68|~16669|2~tt6| ## ## ||||NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|| |---|---|---|---|---|---| |||||FOR THE YEAR ENDED 31JULY 2021|| |12.|INVESTMENT PROPERTY||||| ||||||Freehold| ||||||investment| ||||||property| ||Group||||| ||Cost||||| ||At 1 August2020|and|31 July|2021|| ||||||Freehold| ||||||investment| ||||||property| ||Company||||K| ||Cost||||| ||At1 August 2020|and|31 July|2021|| ## ## ## ## |Company|| |---|---| |Cost|| |At 1 August 2020 and 31 July 2021|| |Carrying|amount| |At 31 July|2021 and 31 July 2020| ## |The summary
financial
performa|nce
ofth|e subsidiary
alon|e is:|| |---|---|---|---|---| ||||2021|2020| ||||6|6| |Fees and services|||394,514|441,145| |ESFA Grants|||1,808,710|1,506,021| |Cost ofsales and administration
Interest payable|costs||(1,887,914)
~3300|(1,750,019)
~4060| |Net profit/(loss)|||312,010|193,079| |Payment
under gift aid to parent|undertaking||(126,243)|| |Retained
in subsidiary|||~IS@07|~t03
7| |The assets and liabilities ofthe|subsidiary|were:||| |Total assets
Total liabilities|||701,769
~377740|513,031
~374709| |Total net assets||||| |Aggregate
share capital and reserves||||| ## ## ## ## |DEBTORS||||||||| |---|---|---|---|---|---|---|---|---| ||||||Grou||Com|an| |||||2021
E|2020f|2021
K||2020| |Trade debtors||||156,389|164,203|||| |Amounts
owed||by subsidiary||||||| |undertakings||||||126,501|121,765|| |Other debtors||||3,165||||1,508| |Prepayments|and accrued income|||89,128|62,360|960||943| |||||~44882.|22tf~~m1||~m21ft|| |CREDITORS:||||||||| |Amounts
falling due|||within one year|||||| ||||||Grou||Com|an| |||||2021|2020|2021||2020| |||||8||8||5| |Bank loans and overdrafts||||15,621|15,621|15,621|15,621|| |Trade creditors||||20,422|84,590||21,539|| |Other taxation||and social security||29,542|38,811|||| |Other creditors||||54,934|15,198|||| |Accruals and deferred|||income|161,937|143,747|15,596||9,311| |||||~8~6.~27&IIZ||~21'|46471|| ## ||||Group|Company| |---|---|---|---|---| |Balance|as at 1 August 2020||67,034|| |Amount|released to income earned from charitable|activities|(67,034)|| |Amount|deferred
in the year||45198|| |Balance|as at 31 July 2021||45 198|| ## ## |Amou|nts
f|allin|g due after more|than one year|||| |---|---|---|---|---|---|---|---| ||||||Grou||Com
an| |||||2021
E|2020f|2021
K|2020| |Bank|loans|and|overdrafts|566,737|583,498|566,737|583,498| |||||~$$z3?~&8 4$$||~$$a$|~$$~| ## ||Brought|||Carried| |---|---|---|---|---| ||Forward|Income|Expenditure|Forward| ||1 August|||31July| ||2020|||2021| ||8|||| |General funds|2,155,518|2,229,'745|(2,095,820)|2,289,443| |Restricted funds|209,516|15,487|(12,575)|212,428| |STATENIENT OF FUNDS (GROUP) - PREVIOUS YEAR||||| ||Brought|||Carried| ||Forward|Income|Expenditure|Forward| ||1 August|||31July| ||2019|||2020| ||5|||| |General funds|2,127,880|2,028,108|(2,000,470)|2,155,518| |Restricted funds|197,627|24,464|(12,575)|209,516| ## ## ## ## ||Brought|||Carried| |---|---|---|---|---| ||Forward|Income|Expenditure|Forward| ||1 August
2020|||31July
2021| ||5|||6| |General funds
Restricted funds|2,017,357
209,516|2,046,811
15,487|(2,098,654)
(12,575)|1,965,514
212,428| ## ||Brought|||Carried| |---|---|---|---|---| ||Forward|Income|Expenditure|Forward| ||1August
2019|||31July
2020| ||6|||6| |General funds
Restricted funds|2,182,797
197,627|1,623,521
24,464|(1,788,961)
(12,575)|2,017,357
209,516| ## ## ## ## ## |ANALYSI|S OF NE|T ASSETS BETWEEN FUNDS|||| |---|---|---|---|---|---| ||||Unrestricted|Restricted|Total| ||||funds|funds|funds| ||||2021|2021|2021| ||||E|K|E| |Intangible
fixed assets
Tangible fixed assets|||(331,563)
1,975,338|212,428|(331,563)
2,187,766| |Investment|property||331,563||331,563| |Current assets|||1,163,298||1,163,298| |Creditors
Creditors|amounts
amounts|falling due within one year
falling due after more than one year|(282,456)
(566,737)||(282,456)
(566,737)| ## |ANALYSI|S OF NE|T ASSETS BETWEEN FUNDS - PREVI|OUS YEAR||| |---|---|---|---|---|---| ||||Unrestricted|Restricted|Total| ||||funds|funds|funds| ||||2020
f|2020
E|2020
f| |Intangible|fixed assets||(331,563)||(331,563)| |Tangible fixed assets|||2,086,417|209,516|2,295,933| |Investment|property||331,563||331,563| |Current assets|||950,566||950,566| |Creditors
Creditors|due within
amounts|one year
falling due after more than one year|(297,967)
(583,498)||(297,967)
(583,498)| ## ## ## ## ## ## ## ## ## ## ## ## |ACCOUNT FOR T|HE YEAR ENDED 31JULY 20|20|||| |---|---|---|---|---|---| |||Unrestricted|Restricted||Total| |||funds|funds||funds| |||2020f|2020f||2020| |INCOME FROM:|||||| |Charitable
activities||468,657|||468,657| |Investments||39,030|||39,030| |Other income - ESFA Grants||1 520421|24|464|1 544885| |TOTAL INCOME||2 028 108|24|464|2052572| |EXPENDITURE ON:|||||| |Charitable
activities||2 000470|12|~75|2013045| |TOTAL EXPENDITURE|||||| |||~200047|12|575|2013045| |NET INCONIE I(EXPENDITURE) AND NET|||||| |MOVEMENT
IN FUNDS FOR THE YEAR||27,638|11,889||39,527| |RECONCILIATION|OF FUNDS:||||| |Total funds brought|forward||~&77't2&||~2K5QZ| |TOTAL FUNDS CARRIED FORWARD||2 166$LR|~00|1|~265635|