Report & Consolidated Accounts for the year ended 31 July ... - UCAS

More documents

Recommendations

Info

THE UNIVERSITIES AND COLLEGES ADMISSIONS SERVICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2012 10. Stocks Group Company 2012 2011 2012 2011 £ £ £ £ Consumables 73,122 154,739 - 24,500 11. Debtors Group Company 2012 2011 2012 2011 £ £ £ £ Trade debtors 2,072,262 1,941,875 447,421 215,392 Amounts owed by subsidiary companies - - 3,722,437 3,301,333 Other debtors 202,388 65,015 201,982 51,344 Prepayments 675,178 1,001,542 473,220 846,910 Value Added Tax 408,246 701,475 226,429 699,309 3,358,074 3,709,907 5,071,489 5,114,288 12. Creditors: due within one year Group Company 2012 2011 2012 2011 £ £ £ £ Trade creditors 2,158,309 2,414,159 1,918,279 2,115,622 Amounts owed to subsidiary companies - - 40,853 7,312 Other taxes and social security 389,299 333,137 389,299 333,137 Other creditors 341,728 461,440 291,246 163,352 Value Added Tax - 104,249 - - Corporation tax (14,799) 14,799 - - Accruals 2,660,238 2,690,228 1,462,959 1,623,434 5,534,775 6,018,012 4,102,636 4,242,857 Obligations under operational lease 2012 2011 £ £ Due within one year - 16,949 The above liability related to a property lease acquired as part of the business of S-cool Limited. This lease terminated on 15 December 2011. 26
THE UNIVERSITIES AND COLLEGES ADMISSIONS SERVICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2012 Deferred income Group Company £ £ Deferred income at 1 August 2011 1,341,471 - Deferred income released during the year (1,269,527) - Incoming resources deferred during the year 1,166,656 Due within one year 1,238,600 - Deferred income relates to advertising income, events income and income from subscriptions. 13. Unrestricted funds: designated Fixed capital reserve Working capital reserve Pension reserve Total 2012 Total 2011 Group £ £ £ £ £ At 1 August 2011 9,529,275 9,830,269 2,000,000 21,359,544 21,102,157 Transfer (to)/from accumulated surplus (note 14) 819,119 (298,383) - 520,736 257,387 At 31 July 2012 10,348,394 9,531,886 2,000,000 21,880,280 21,359,544 Fixed capital reserve Working capital reserve Pension reserve Total 2012 Total 2011 Company £ £ £ £ £ At 1 August 2011 9,286,934 11,012,918 2,000,000 22,299,852 20,831,443 Transfer (to)/from unrestricted general funds (note 14) 540,787 (169,885) - 370,902 1,468,409 At 31 July 2012 9,827,721 10,843,033 2,000,000 22,670,754 22,299,852 The fixed asset reserve is the amount needed to finance the premises and equipment necessary for the Group to carry out its activities. The working capital reserve is required because the Group normally experiences negative cash flows during the early part of its financial year, due to the structure of billing its principal institutions on an instalment basis. Fees from applicants largely concentrate upon the October to January period. 14. Unrestricted funds: general 27 Group Company 2012 2011 2012 2011 £ £ £ £ At 1 August 2011 9,781,290 7,109,100 9,012,920 7,299,683 Surplus for the year 217,590 2,898,577 258,018 3,150,646 Transfer (to) designated funds (note 13) (520,736) (257,387) (370,902) (1,468,409) Pension scheme movements (57,000) 31,000 (57,000) 31,000 At 31 July 2012 9,421,144 9,781,290 8,843,036 9,012,920
Page 1 and 2: Directors’ Report & Consolidated
Page 3 and 4: THE UNIVERSITIES AND COLLEGES ADMIS
Page 29: THE UNIVERSITIES AND COLLEGES ADMIS
Page 42: UCAS is the organisation responsibl

Report & Consolidated Accounts for the year ended 31 July ... - UCAS

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?