UNIVERSITY CENTRE PETERBOROUGH

UNIVERSITY CENTRE PETERBOROUGH

UNIVERSITY CENTRE PETERBOROUGH - Company Information

Print Friendly Version

UNIVERSITY CENTRE PETERBOROUGH

Company limited by guarantee

Company Registration Number:
06112716 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2020

Period of accounts

Start date: 1 August 2019

End date: 31 July 2020

UNIVERSITY CENTRE PETERBOROUGH

Contents of the Financial Statements

for the Period Ended 31 July 2020

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

UNIVERSITY CENTRE PETERBOROUGH

Directors' report period ended 31 July 2020

The directors present their report with the financial statements of the company for the period ended 31 July 2020

Principal activities of the company

University Centre Peterborough (UCP) is a charitable company limited by guarantee, originally a joint venture between Anglia Ruskin University and Inspire Education Group (formerly Peterborough Regional College).During the year ended 31 July 2020 ARU relinquished its share and UCP continues as a wholly owned subsidiary company of Inspire Education Group. The principal activity of the company in the year under review was to offer higher education courses to students in Peterborough.UCP was registered with the Office for Students (OfS) in 2019 as a higher education provider.The values of UCP are:1. Student and Employer centred. UCP aims to achieve a high quality learning and teachingexperience for every customer2. Excellence. UCP strives for excellence in all areas of activity3. Respect, Openness, Trust and Integrity. UCP treats all individuals with respect, celebrates diversityand recognises each other’s contributions4. Collaboration. UCP seeks to work in partnership to support our missionStrategic objectives are:1. Achieving excellence through student satisfaction and classifications2. Financial sustainability - ensured robust financial management and an investment in infrastructureand student activity3. Valued our people through investment in continuous professional development and well-being4. Growth by responding to local, regional and national needs for skills and individual career ambitions5. Positive Impact on the economic and social prosperity of the communities we serve by ensuringpositive student destinations and collaborative partnerships.

Additional information

The performance of UCP during 2019/20 was inevitably impacted by the Covid pandemic, required a change in the delivery model to continue meeting the needs of the students. Despite the challenging times the student numbers remained consistent through this period. All of UCPs centre assessed classifications were confirmed by the accrediting bodies and there continues to be an improving trend for those gaining good honours.Delivery methods required adaptation, and investment in technologies to support students and staff. Students in Halls required additional financial and well-being support. Teaching was moved online, as were academic and pastoral support facilities. During this time the wellbeing of both students and staff were a key focus and resources and wider support mechanisms were adapted to ensure this. Communication methods were also tailored and adapted to ensure students and staff were made aware of the organisation’s response to Public Health England, DfE and OfS guidelines for operation, at all times acting to ensure that students, staff and thewider community were protected.Risk and Future DevelopmentsThe company has been developed to promote growth and development of Higher Education in Peterborough. The risks to the company are considered to be modest due to the diversity of the courses provided by the Company and the history of student participation in locally delivered HE provision.On 1st August 2020 the merger between Peterborough Regional College and New College Stamford took place and the Inspire Education Group (IEG) was formed. UCP became the higher education arm of the new group, encompassing delivery at Peterborough and Stamford and providing the HE umbrella framework for partners ESPA and ADDICT. The transfer of provision has been done in accordance with the expectations and conditions of regulatory bodies



Directors

The directors shown below have held office during the whole of the period from
1 August 2019 to 31 July 2020

Peter Walker
 R J Nicholls

The director shown below has held office during the period of
1 August 2019 to 5 June 2020

P W Bogle

The director shown below has held office during the period of
24 June 2020 to 31 July 2020

A Davies

The director shown below has held office during the period of
8 June 2020 to 31 July 2020

C Bowes

The directors shown below have held office during the period of
5 June 2020 to 31 July 2020

J Meenaghn
 L A Perry
 M E Woods
 L C Ebdon
 M A W Bradbury
 R Greensmith
 M Kiernan

The director shown below has held office during the period of
26 February 2020 to 5 June 2020

J Rolfe

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 November 2020

And signed on behalf of the board by:
Name: R J Nicholls
Status: Director

UNIVERSITY CENTRE PETERBOROUGH

Profit And Loss Account

for the Period Ended 31 July 2020

2020 2019


£
£
Turnover: 3,879,729 3,986,333
Gross profit(or loss): 3,879,729 3,986,333
Administrative expenses: ( 3,949,001 ) ( 4,020,927 )
Operating profit(or loss): (69,272) (34,594)
Interest receivable and similar income: 2,430 5,319
Profit(or loss) before tax: (66,842) (29,275)
Profit(or loss) for the financial year: (66,842) (29,275)

UNIVERSITY CENTRE PETERBOROUGH

Balance sheet

As at 31 July 2020

Notes 2020 2019


£
£
Fixed assets
Tangible assets: 3 60,297 96,006
Total fixed assets: 60,297 96,006
Current assets
Debtors: 4 496,825 542,281
Cash at bank and in hand: 654,045 1,018,707
Total current assets: 1,150,870 1,560,988
Creditors: amounts falling due within one year: 5 ( 1,181,987 ) ( 1,560,972 )
Net current assets (liabilities): (31,117) 16
Total assets less current liabilities: 29,180 96,022
Total net assets (liabilities): 29,180 96,022
Members' funds
Profit and loss account: 29,180 96,022
Total members' funds: 29,180 96,022

The notes form part of these financial statements

UNIVERSITY CENTRE PETERBOROUGH

Balance sheet statements

For the year ending 31 July 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 November 2020
and signed on behalf of the board by:

Name: R J Nicholls
Status: Director

The notes form part of these financial statements

UNIVERSITY CENTRE PETERBOROUGH

Notes to the Financial Statements

for the Period Ended 31 July 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    All fixed assets are initially recorded at cost. No depreciation is charged on assets during the year of purchase. Tangible fixed assets are stated atcost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over theirexpected useful lives on the following basis:Sports Equipment - 5 years Fixtures and Fittings- 10 Years Computer Equipment - 5 Years

UNIVERSITY CENTRE PETERBOROUGH

Notes to the Financial Statements

for the Period Ended 31 July 2020

  • 2. Employees

    2020 2019
    Average number of employees during the period 52 52

UNIVERSITY CENTRE PETERBOROUGH

Notes to the Financial Statements

for the Period Ended 31 July 2020

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2019 77,143 316,608 393,751
Additions
Disposals
Revaluations
Transfers
At 31 July 2020 77,143 316,608 393,751
Depreciation
At 1 August 2019 53,003 244,742 297,745
Charge for year 7,714 27,995 35,709
On disposals
Other adjustments
At 31 July 2020 60,717 272,737 333,454
Net book value
At 31 July 2020 16,426 43,871 60,297
At 31 July 2019 24,140 71,866 96,006

UNIVERSITY CENTRE PETERBOROUGH

Notes to the Financial Statements

for the Period Ended 31 July 2020

4. Debtors

2020 2019
£ £
Trade debtors 398,125 507,464
Prepayments and accrued income 10,500 34,817
Other debtors 88,200
Total 496,825 542,281

UNIVERSITY CENTRE PETERBOROUGH

Notes to the Financial Statements

for the Period Ended 31 July 2020

5. Creditors: amounts falling due within one year note

2020 2019
£ £
Trade creditors 9,969 6,225
Accruals and deferred income 1,004,047 927,013
Other creditors 167,971 627,734
Total 1,181,987 1,560,972