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|Governors,<br>officers and||advisers||||
|---|---|---|---|---|---|
|Report by the Governing||Body acting as trustee|for the charity, Ashville|College|4-19|
|Statement ofthe Governing<br>Body's responsibilities|||||20|
|Independent<br>auditor's|report to the Governing||Body (as Trustee) ofAshville College||21-23|
|Consolidated<br>statement||offinancial activities|||24|
|Balance sheets|||||25|
|Consolidated<br>cash flow||statement|||26|
|Notes|||||27-45|





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|Finance &General Purposes|Finance &General Purposes|Finance &General Purposes|Meets twice per term to:||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Committee|||monitor the non-teaching<br>functions ofthe College, including estates,||||||||
||||buildings<br>and land, transport,<br>cieaning, catering,||human||resources,||IT|and|
||||health &safety;||||||||
||||review the financial statements<br>and performance<br>against||||agreed|budgets;|||
||||scrutiny ofthe annual accounts and the annual||budget before||||||
||||presentation<br>to the full Governing<br>Body;||||||||
||||cash planning<br>and control ofassets;||||||||
||||overseeing<br>borrowings,<br>bank loans, and investments;||||||||
||||scrutiny ofcapital expenditure<br>requests<br>and financial|||projections|||||
||||regarding the strategic development<br>plan; and||||||||
||||ensuring<br>implementation<br>ofsound internalfinancial|||controls and|||||
||||procedures<br>and review of all financial<br>regulatory||requirements.||||||
|Education,|Enrichment|8 Welfare|Meets twice per term to:||||||||
|Committee|||determine,<br>implement<br>and sustain the formal|and informal<br>curriculum||||||for|
||||the three schools making<br>up the College;||||||||
||||maintain<br>and, where possible, improve the standards|||of|pupils' academic||||
||||and other achievements;<br>and||||||||
||||ensure the coherence of both the pastoral<br>and||curriculum||philosophies||||
||||throughout<br>the school, to ease pupils'<br>passage||from|key|stages and||from||
||||class to class throughout<br>the College.||||||||
|Governance|LNominations||Meets each term to:||||||||
|Committee|||review and approve<br>pay rises and movements|up the leadership||||scale||for|
||||key management;||||||||
||||act as a nominations<br>panel for new Governors;||and||||||
||||take the lead in the appointment<br>of senior management||||as and when||||
||||required.||||||||





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|for the year ended|31|August 2023||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|2023|2022|
||||Notes|funds|funds|||
|incoming<br>resources||||||||
|Income from charitable||activities||||||
|Fees receivable||||14,117,387||14,117,387|12,869,918|
|Less: Scholarships<br>and bursaries||||(1,016,623)|(1D3,487)|(1,120,110)|(989,847)|
|Net fees receivable||||13,100,764|(103,487}|12,997,277|11,880,071|
|Incoming<br>resources|from generated|||||||
|funds||||||||
|Trading income||||670,512||670,512|545,258|
|Bank and other interest||||5S||58|67|
|Sundry income||||45,742||45,742|28,658|
|Donations<br>/ Grants|||||103,937|103,937|254,237|
|Total incoming<br>resources||||13,817,076|450|13,817,526|12,708,291|
|Resources expended||||||||
|Costs ofgenerating|funds|||||||
|Trading expenditure||||{398,919)||(39$,919)|(323,235)|
|Depreciation||||(769)||(769)|(105}|
|||||{399,6&S)||(399,68$)|(323,340)|
|Charitoble<br>activities||||||||
|Teaching costs||||(6,819,866}|(5,933}|(6,825,799)|(7,233,957}|
|Welfare||||(2,090,285)||(2,090,285 1|{1,879,222)|
|Premises||||(1,323,371)||(1,323,371)|(1,047,090)|
|Support costs||||(2,197,551)||(2,197,551)|(1,961,108)|
|Depreciation||||(6&9,444)||(6S9,444)|(763,053)|
|Finance and other costs||||(9D,330)||(90,330)|{86,775}|
|Governance<br>costs||||{16,900}||(16,900}|(23,587}|
|Loss on disposal oftangible assets||||{61,952)||(61,952)||
|Total resources expended|||6/7|(13,689,3S?)|(5,933)|(13,695,320)|{13,318,132)|
|Net incoming resources||||127,689|(5,4S3}|122,206|{609,841)|
|Net movement<br>in funds||||127,689|(5,483)|122,206|(609,841)|
|Transfer between<br>reserves||||||||
|Balances as at 1September 2022||||16,530,291|31,318|16,561,609|17,171,449|
|Balances carried forward <br>August 2023||at 31||16,657,980|25,835|16,683,815|16,561,608|





## 

||||||Nates|Consolidated||Coliege||
|---|---|---|---|---|---|---|---|---|---|
|||||||2023|2022|2023|2022|
|Fixed assets||||||||||
|Intangible|||||9|||||
|Tangible|||||10|20,036,465|20,341,963|20,033,388|20,338,118|
|Investments|||||11|||10,000|10,000|
|||||||20,036,465|20,341,963|20,043,388|20,348,118|
|Current assets||||||||||
|Stocks||||||13,510|14,211|13,203|13,909|
|Debtors||||||349,072|386,018|31D,613|326,3S3|
|Cash at bank|and in|hand||||1,301,609|1,408,001|1,D2&,811|1,257,696|
|||||||1,664,190|1,808,230|1,352,627|1,597,988|
|Creditors<br>amounts||falling|due within|one||||||
|year||||||||||
|Payments<br>received||on account||||(2,431,919)|(2,725,632)|(2,428,644)|(2,722,357)|
|Trade creditors||||||(108,331)|(229,119)|(104,740)|(224,317)|
|Other creditors|||||13|(941,773)|(968,080)|(905,767)|(932,973)|
|Bank loan|||||14|(273,217)|(261,872)|{273,217)|(261,872)|
|||||||(3,755,239)|(4,184,703)|{3,712,367)|(4,141,520)|
|Net current|liabilities|||||(2,091,049)|(2,376,473)|(2,359,740)|(2,543,531)|
|Creditors<br>amounts||falling|due after|one||||||
|year||||||||||
|Advance fee|payments|||||(36,392)|(101„068)|(36,392)|(101,068)|
|Other creditors||||||(481,514)|(294,657)|(481,514)|(294,656)|
|Bank loan||||||(743,695)|(1,008,156)|(743,695)|(1,008,156)|
|Total net assets||||||16,683,815|16,561,609|16,422,048|16,400,706|
|Funds||||||||||
|Unrestricted|funds|un-designated|||16i'18|(16,648,711)|{16,521,022}|{16,386,944)|(16,360,119)|
|Unrestricted|funds|designated|||17|(9,269)|(9,269)|(9,269)|(9,269}|
|Restricted funds|||||17|(25,835)|(31,318}|(25,835)|{31,318)|
|Total funds||||||(16,683,815)|(16,561,609)|(16,422,048}|(16,400,706)|





## 

||||Note|2023||2022||
|---|---|---|---|---|---|---|---|
|Net cash inflow from operating||activities|||351,376||84,223|
|Return on investments<br>and servicing offinance||||||||
|Interest received||||||67||
|Interest payable||||(47,666)||(50,028)||
||||||(47,608)||(49,961)|
|Capital expenditure|and financial investment|||||||
|Purchase oftangible|fixed assets|||(93„372)||(522,646)||
|Profit on disposal oftangible fixed assets||||15,647||||
||||||P7,725)||{522,646)|
|Financing||||||||
|Repayment<br>of capital|element of bank loan|||(253,116)||(247,212)||
|Repayment<br>offinance leases||||(50,658)||(132,642)||
|Capital financing||||(28,661)||23,319||
||||||(332,435)||(356,535)|
|Increase/(decrease)|in cash during the period||||(106,392)||(844,919)|
|Cash balance brought forward|||||1,408,M1||2,252,920|
|Movement|||||(106,392)||{844,919)|
|Cash balance carried|forward||||1,301,609||1,408,001|





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|ees receivable||||
|---|---|---|---|
|||2023|2022|
||||K|
|Tuition fees||11,892,562|10,751,749|
|Boarding fees||1,349,819|1,336,S66|
|||13,242,3S1|12,088,615|
|Music tuition||198,438|156,628|
|Day pupils meals||649,180|581,784|
|Other fees and charges||27,38S|42,891|
|||14,117,387|12,869,918|
|Less: Scholarships|and bursaries *|(1,120,110)|(989,847)|
|||12,997,277|11,880,071|



|Sundry income||||
|---|---|---|---|
|||2023|2022|
|Rent receivable||1S,SOO|4,800|
|Tuckshop trading|profit|18,049|22,616|
|Other income||8,893|1,242|
|||45,741|28,658|





## 

## 

|||||2023f||2022|
|---|---|---|---|---|---|---|
|Turnover||||670,512||545,257|
|Cost ofsales||||(342,714)||(278,199)|
|Other Income|||||||
|Gross profit||||327,798||267,058|
|Administrative||expenses||(94,972)||(95,139)|
|Government|Grants||||||
|Operating<br>profit||||232,826||173,361|
|Loss on disposal||oftangible asset|||||
|Interest payable||5similar charges||||(1,443)|
|Net profit before taxation||||232,826||171,919|
|Taxation charge|||||||
|Retained profit||for the financial year||232,826||171,919|
|Capital and reserves at year end||||283,768||170,905|
|The aggregate|ofthe assets, liabilities||and funds was:||||
||||||2023|2022|
|||||||f|
|Assets|||||351,735|241,287|
|Liabilities|||||(71,046)|(70,382)|
|Funds|||||283,768|170,905|



||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||||2023|2022|
|Donations|||||
|Other||103,637|103,637|254,237|
|Prize Fund||300|300||
|||103,937|103,937|254,237|





## 

## 

|Expenditure|||||||
|---|---|---|---|---|---|---|
|||||||2022|
|||||||f|
|Charitable<br>expenditure|includes:||||||
|Indemnity<br>insurance for|Governors||||4,037|2,440|
|Operating<br>lease expense|in year||||83,49&|88,473|
|Governance<br>costs includes:|||||||
|Auditor's<br>remuneration|||||||
|Fees payable to the charity's<br>auditor <br>the charity's<br>financial statements|||for the audit of||18,000|16,500|
|Staff costs ofthe college|||||||
|Wages and salaries|||||7,104,307|7,001,820|
|Social security costs|||||656,471|675,774|
|Apprentice<br>levy|||||19,879|17,821|
|Pension contribution|||||863,869|1,0&2,036|
|Healthcare||||||2,873|
||||||8,644,526|8,780,324|
|Key Management<br>Personnel:|||||||
||||||2023|2022|
||||||f|f|
|Aggregate<br>salaries of key|management||personnel|{Inc.pension|740,921|610,900|
|contributions}|||||||





## 

|he number<br>ofemployees<br>whose emol|uments<br>exceeded f60k w|as:|||
|---|---|---|---|---|
|||Number|Pension|contr ibutions|
||2023|2022|2023|2022|
||||f||
|f,60,000 - f70,000|||99,927|29,496|
|f70,000 - f80,000|||4,000|18,470|
|f80,000 - f90,000|||||
|f90,000 - f100,000|||||
|f100,000 - f110,000|||||
|f110,000 - f120,000|||||
|f120,000 - f130,000|||||
|f130,000 -f140,000|||||
|f140,000 - f150,000|||35,000||



|||Headcount|
|---|---|---|
||2023|2022|
|Teaching|174|171|
|Welfare|28|32|
|Premises|10|13|
|Support|42|35|
|Trading|40|37|
||294|288|





## 

## 

|7.<br>Analysis|oftotal resou|rces expe|nded|||||
|---|---|---|---|---|---|---|---|
||||||Depreciation|||
||||Staff costs|Other|and amortisation|Total|Total|
|||||||2023|2022|
|Costs ofgenerating|funds|||||||
|Trading expenditure|||282,529|116,390|769|399,688|323,340|
||||282,529|116,390|769|399,688|323,340|
|Costs of activities|in furtherance|of the||||||
|charity's objects||||||||
|Teaching costs|||6,342,069|483,730||6,825,799|7,233,957|
|Welfare|||740,035|1,350,250||2,090,285|1,879,222|
|Premises|||361,834|961,537||1,323,371|1,047,090|
|Support costs|||1,200,588|996,962||2,197,551|1,961,108|
|Depreciation|||||689,444|6&9,444|763,053|
||||8,644,526|3,792,4SO|689,444|13,126,450|12,884,429|
|Governance<br>costs||||16,900||16,900|23,587|
|Finance and other|costs|||90,330||90,330|86,775|
|Donation||||||||
|Loss on disposal of|tangible assets|||61,952||61,952||
|||||169,182||169,182|110,362|
|Total resources expended|||8,927,055|4,078,052|690,213|13,695,320|13,318,131|
|Prior Year Comparative:||||||||
||||||Depreciation|||
||||Staff costs|Other|and amortisation|Total|Total|
|||||||2022|2021|
|Costs ofgenerating|funds|||||||
|Trading expenditure|||222I794|100,441|105|323,340|201,020|
||||222,794|100,441|105|323,340|201,020|
|Costs of activities|in furtherance|of the||||||
|charity's objects||||||||
|Teaching costs|||6,807,551|426,406||7,233,957|6,837,004|
|Welfare|||623,512|1,255,710||1,879,222|1,680,070|
|Premises|||391,617|655,473||1,047,090|961,742|
|Support costs|||957,644|1,003,464||1,961,108|1,581,071|
|Depreciation|||||763,053|763,053|780,587|
||||8,780,324|i 3,341,052|763,053|12,884,429|11,840,474|
|Governance<br>costs||||23,587||23,587|11,517|
|Finance and other|costs|||86,775||86,775|52,157|
|Donation|||||||100,000|
|||||110,362||110,362|163,674|
|Total resources expended|||9,003,118|3,551,855|763,158|13,318,131|12,205,168|





## 

## 

|trading<br>subsidiary,<br>Ashville Trading<br>Ltd.|||||
|---|---|---|---|---|
||||2022|2022|
||||g||
|Current tax|||||
|UK corporation<br>tax|||||
|Adjustments<br>in respect ofprior years|||||
|UK corporation<br>tax|||||
|The rate of current tax for the year, based|on|UK standard<br>rate of corporation<br>tax f|||
|19'Yo(2022:19').The actual tax charge for|the current year and the previous year diff||||
|rate for the reasons set out in the following|reconciliation.||||
||||2023|2022|
||||f||
|Profit on ordinary<br>activities chargeable to corporation||tax|232,826|171,919|
|Expected tax charge at19'(2022:19%}|||44/37|32,664|
|Factors affecting the charge for the year:|||||
|Depreciation<br>in excess of Capital Allowances|||(27)|(974}|
|Short term timing differences|||||
|Losses carried forward||||(8,839}|
|Movement<br>in pension<br>provision|||(22}||
|Corporation<br>Tax payable<br>pre-gift aid donation|||44,188|22,851|
|Tax effect ofGift aid Distribution<br>to be made|||(44,188)|(22,851)|
|Corporation<br>Tax payable<br>post-gift aid donation|||||
|Intangible<br>Fixed Assets|||||



|All intangible|fixed assets are held in th|e trading subsidiary:|
|---|---|---|
|||Teaching Resources|
|Cost|||
|At beginning|ofthe year|?,000|
|Additions|||
|At end ofthe|year|7,000|
|Arnortisation|||
|At beginning|ofthe year|?,000|
|Charge for the year|||
|At end ofthe|year|7,000|
|Net book value|||
|At 31August|2023||
|At 31August|2022||





## 



## 

||Asset under|Freehold|Computer|Fixtures|Plant|Motor|Total|
|---|---|---|---|---|---|---|---|
||course of|land and|Equipment|and|And|vehicles||
||construction|buildings||fittings|Machinery|||
|||E||6||||
|Direct||||||||
|Charitable||||||||
|purposes||||||||
|College|12,493|19,175,838|492,741|276,523|68,969|6,824|20,033,388|
|Other||||||||
|Trading||||3,077|||3,077|
||12,493|19,175,838|492,741|279,600|68,969|6,824|20,036,465|





## 

## 

## 

|COLLEGE|||Asset under|Freehold|Computer|Fixtures|Plant|Motor|Total|
|---|---|---|---|---|---|---|---|---|---|
||||course of|land and|Equipment|And|And|vehicles||
||||construction|buildings||Fittings|Machinery|||
|Cost orvaluation||||||||||
|At beginning|ofyear||25,334|26,669,885|2,486,005|2,125,042|642,842|59,650|32,0Q8,758|
|Additions|||2,726|4,113|347,587|61,140|46,747||462,313|
|Disposals|||(15,567)||(195,452)|(6,242}|||(217,261)|
|Transfer to other||||||||||
|category||||||||||
|At end ofyear|||12,493|26,673,998|2,638,140|2,179,940|689,589|59,650|32,253,810|
|Depreciation||||||||||
|At beginning|ofyear|||7,056,754|2,109,158|1,841,208|612,402|51,120|11,670,641|
|Charge for year||||441,406|173,057|65,055|8,218|1,7Q6|689,444|
|Disposals|||||(136,816)|(2,846)|—|-|(139,662)|
|Transfer|to|other||||||||
|category||||||||||
|At end ofyear||||7,498,160|2,145,399|1,903,417|620,620|52,826|12,220,422|
|Net book value||||||||||
|At 31August|2023||12,493|19,175,838|492,741|276,523|68,969|6,824|20,033,3S8|
|At 31August|2022||25,334|19,613,132|376,846|283,834|30,440|8,530|20,338,118|



|he historical cost of revalued<br>freehold<br>land and buildin|gs<br>within<br>College is:||
|---|---|---|
||2023|2022|
||E||
|Historical cost|2,077,929|2,077,929|
|Accumulated<br>depreciation|(877,911)|(836,353}|
|Historical cost net book value|1,200,018|1,241,576|



|||||Consolidated|College|
|---|---|---|---|---|---|
|||||Total|Total|
|Market|value||at 1September 2022||10,000|
|Market|value||at 31August 2023||10,000|
|Analysed|as|||||
|Investment||in|subsidiary||10,000|
|Total|||||10,000|





## 

## 

|Debtors||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Consolidated||College||
|||||||2023|2022|2023|2022|
||||||||||f|
|Fee and trade||debtors||||84,371|106,602|17,864|20,766|
|Amounts|owed|by subsidiary||undertaking||||28,174|27,200|
|Taxation|and Social||Security|||14,376|24,740|14,376|24,740|
|Other debtors||||||86,307|105,605|86,180|104,607|
|Prepayments||||||164,01S|149,071|164,018|149,071|
|||||||349072|38601S|310613|326383|
|Creditors. amounts|||falling|due within|one year|||||
||||||Consolidated||College|||
||||||2023|2022|2023|2022||
||||||f.|||||
|Other<br>creditors||due|within|1 year||||||
|comprise:||||||||||
|Taxation and social security|||||182,601|195,215|164,421|176,617||
|Other creditors|||||365,016|313,920|352,237|302,798||
|Lease|||||80&797|27,329|80,797|27&329||
|Accruals|||||313,360|431,616|308,312|426,230||
||||||941773|9680!!0|905 &67|932973||



## 

## 



## 

## 

|ayments<br>r|eceived<br>in advance|||||
|---|---|---|---|---|---|
|||Consolidated||College||
|||2023|2022|2023|2022|
|Advance fees||||||
|After 5years||||||
|Within 2to|5years|247|34,584|247|34,584|
|Within 1to|2 years|36,145|66,485|36,145|66,485|
|||36,392|101,069|36,392|101,068|
|Within 1year||||||
|Advance fees||66,035|96,579|66,035|96,579|
|Payments|on account|2,128,639|2,383,388|2,128,639|2,383,388|
|Oeposits||237,245|245,665|233,970|242,390|
|||2,431,919|2,725,632|2,428,644|2,722,357|
|||2,468,311|2,826,700|2,465,036|2,823,425|



||Balance|at 1September|2022||2,823,425||
|---|---|---|---|---|---|---|
||Fees in advance for 2022/23||||2,194,673||
||Fees in advance for after||2022/23||36,392||
||Movement<br>on deposits||||(8,420)||
||Amounts|utilised<br>in payment offees|||(2,581,036)||
||Balance|at 31August 2023|||2,465,036||
|16.|Undesignated<br>funds||||||
|||||Revaluation|Retained||
||Consolidated|||reserve|surpluses|Total|
||||||account||
||Balance|at 1September|2022|5,257,392|11,263,632|16,521,024|
||Surplus|from statement|offinancial activities||127,689|127,689|
||Transfer|between<br>funds||(102,568)|102,568||
||Balance|at 31August 2023||5,154,824|11,493,887|16,648,711|





## 

## 

|||Revaluation|Retained||
|---|---|---|---|---|
|College||reserve|surpluses|Total|
||||account||
|Balance at 1September 2022||5,257,392|11,102,728|16,360,119|
|Surplus from statement offinancial activities|||26,825|26,825|
|Transferred<br>from designated|reserves||||
|Transfer between<br>funds||(102,567)|102,567||
|Balance at 31August 2023||5,154,825|11,232,120|16,386,944|



|17.<br>|Ot|her funds||||||
|---|---|---|---|---|---|---|---|
||||Balance|Net|Outgoing|Transfer to/ from|Balance|
|Consolidated|||31-Aug-22|incoming|Resources|other reserve|31-Aug-23|
|||||resources||||
|Restricted|income funds|||||||
|Prize Fund|||5,000||||5,000|
|Annual<br>Fund|||25,318||(5,933)||19,385|
|Foundation||||103,487|(103,487)|||
|Other|||1,000|450|||1,450|
||||31,318|103,937|(109,420)||25,835|
|Unrestricted||income funds||||||
|Designated|funds|||||||
|Homerton|fund||9,269||||9,269|
|Designated|funds||9,269||||9,269|
|Undesignated||funds|16,521,023|127,688|||16,648,712|
|Total funds|||16,561,610|231,626|(109,420)||16,683,816|





## 

## 

|17.<br>|Oth|er funds (continued|)|||||
|---|---|---|---|---|---|---|---|
||||Balance|Net|Outgoing|Transferto/<br>from|Balance|
|College|||31-Aug-22|incoming|Resources|other reserve|31-Aug-23|
|||||resources||||
|Restricted|income funds|||||||
|Prize Fund|||5,000||||5,000|
|Annual<br>Fund|||25,318||(5,933)||19,385|
|Foundation||||103,487|(103,487)|||
|Other|||1,000|450|||1,450|
||||31,318|103,937|(109,420)||25,835|
|Unrestricted||income funds||||||
|Designated|funds|||||||
|Homerton|fund||9,269||||9,269|
|Designated|funds||9,269||||9,269|
|Undesignated||funds|16,360,119|26,825|||16,386,944|
|Totalfunds|||16,400,706|130,762|(109,420)||16,422,048|





## 

## 

## 

|Consolidated||||||
|---|---|---|---|---|---|
|||Unrestricted|Unrestricted|Restricted|Total|
|||funds|funds|funds|funds|
|||un-designated|designated|||
|Funds balances at 31August 2023are represented|by|||||
|Tangible fixed assets||20,036,465|||20,036,465|
|Intangible<br>fixed assets||||||
|Current assets||1,629,086|9,269|25,835|1,664,190|
|Liabilities||(5,016,840)|||(5,016,842)|
|Total net assets||16,648„711|9,269|25,S35|16,683,813|
|College||||||
|||Unrestricted|Unrestricted|Restricted|Total|
|||funds|funds|funds|Funds|
|||un-designated|designated|||
|Funds balances at 31August 2023are represented|by|||||
|Tangible fixed assets||20,033,388|||20,033,388|
|Investments||10,000|||10,000|
|Current assets||1,317,523|9,269|25,835|1,352I627|
|Liabilities||(4,973,967)|||(4,973,967)|
|Total net assets||16,386,944|9,269|25,835|16,422,048|
|Prior Year Comparative:||||||
|Consolidated||||||
|||Unrestricted|Unrestricted|Restricted|Total|
|||funds|funds|funds|funds|
|||un-designated|designated|||
|Funds balances at 31August 2022 are represented|by|||||
|Tangible fixed assets||20,341,963|||20,341,963|
|Intangible<br>fixed assets||||||
|Current assets||1,767,643|9,269|31,318|1,808,230|
|Liabilities||(5,588,584)|||(5,588,584)|
|Total net assets||16,521,022|9,269|31,31S|16,561,609|
|College||||||
|||Unrestricted|Unrestricted|Restricted|Total|
|||funds|funds|funds|funds|
|||un-designated|designated|||
|Funds balances at 31August 2022 are represented|by|||||
|Tangible fixed assets||20,338,117|||20,338,117|
|Investments||10,000|||10,000|
|Current assets||1,557,402|9,269|31,318|1,597,989|
|Liabilities||(5,545,400)|||(5,545,400)|
|Total net assets||16,360,119|9,269|31,318|16,400,706|





## 

## 

||||2023|2022|
|---|---|---|---|---|
|Net incoming resources for the||year|122,206|(609,839)|
|Interest received|||(58}|(67)|
|Interest paid|||47,666|50,028|
|Depreciation<br>oftangible fixed assets|||690,213|763,158|
|(Profit}/ Loss on disposal offixed assets|||61,952|634|
|(Increase) / Decrease|in stock||702|(6,133}|
|(Increase) / Decrease|in debtors||37,471|(118,158)|
|Increase /(Decrease)|in creditors||(608,776}|4,600|
|Net cash inflow from|operating|activities|351,376|84,223|



## 


|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|Operating|Leases|||||||
|Within one year||||||80,317|70,379|
|Between|one and five years|||||96,068|108,873|
|After five|years|||||||
|||||||176,385|179,252|
|||||||2023|2022|
|Finance Leases||||||||
|Within one year||||||80,797|27,329|
|Between|one and five years|||||270,744|5,928|
|After five|years|||||||
|||||||351,541|33,257|
|Financial|Instruments|||||||
|||||||2023|2022|
|Carrying|amount offinancial|assets measured||at|amortised cost|84,371|107,127|
|Carrying amount offinancial||liabilities|measured||at amortised cost|1,438,602|1,930,764|





## 

|NOteS (continued)||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|22.<br>Pensions||||||||||||
|The College fully exited the||||Teachers'||Pension Scheme as at the 31stAugust 2022 and has now|||||enrolled<br>all|
|teaching staff into MIST group defined contribution<br>scheme administered<br>by Legal and General <br>This is expected to generate<br>savings ofmore than f250k per annum<br>on employer<br>contributions|||||||||||insurers.<br>based on|
|the TPScurrent||rate of28.68%||||||||||
|23.<br>Consolidated|statement||of|financial activities for the year ended|||31August 2022|||||
|||||||Unrestricted<br>Restricted||||2022|2021|
|||||Notes||funds|funds|||||
|Incoming resources||||||||||||
|Income from charitabIe octivities||||||||||||
|Fees receivable||||||12,869,918||||12,869,918|12,716,246|
|Less: Scholarships<br>and bursaries||||||(738,320)|{251,527)|||(989,847)|(913,649)|
|Net fees receivable||||||12,131,59&|(251,527}|||11,880,071|11,802,597|
|Incoming<br>resources from||generated||||||||||
|funds||||||||||||
|Trading income||||||545,258||||545,258|313,756|
|Bank and other interest||||||67||||67|441|
|Sundry income||||||28,658||||28,658|123,889|
|Donations / Grants||||||1,710|252,527|||254,237|38,322|
|Total incoming resources||||||12,707,292|1,00Q|||12,?Q&,292|12,279,005|
|Resources expended||||||||||||
|Costs ofgenerating<br>funds||||||||||||
|Trading expenditure||||||(323,235)||||{323,235)|(200,3?1)|
|Depreciation||||||(105)||||(105)|(649)|
|||||||{323,340}||||{323,34D)|(201,020)|
|Charitable<br>activities||||||||||||
|Teaching costs||||||(7,233,957)|||(7,233,957)||(6,837,004)|
|Welfare||||||{1,&79,222}|||(1,879,222}||(1,680,070)|
|Premises||||||(1,Q47,D90}|||(1,D47,090)||(961,742)|
|Support costs||||||(1,961,108}|||(1,961,10S}||{1,581,071)|
|Depreciation||||||{763,053)||||(763,053)|{780,587}|
|Finance and other costs||||||(86,775)||||(86,775)|(52,157)|
|Governance<br>costs||||||(23,587)||||(23,587)|(11,517)|
|Grant|||||||||||{100,00Q)|
|(Loss)/Profit on disposal oftangible a|||||||||||{3,958)|
|Total resources expended|||||6/7|(13,31S,131)|||(13,318,131)||(12,209,126)|
|Net incoming resources||||||{610,839}|1,000|||(609,839)|69,&79|
|Net movement<br>in funds||||||(610,839)|1,000|||(609,839}|69,879|
|Transfer between<br>reserves||||||||||||
|Balances as at 1September||2020||||17,141,131|30,318|||17,171,449|17,101,570|
|Balances carried forward <br>August 2021|at 31|||||16,530,292|31,318|||16,561,610|17,1?1,449|





## 

##