Page 99 - Annual Review - Year Ended 31 July 2023

15 Debtors
Trade debtors
Fee debtors
Amounts owed by Group undertakings
Other debtors
Prepayments 590 689
3 210 610
Included in the Amounts owed by group undertakings
are loans totalling £3 73m made to to Abberley Hall Limited These loans are repayable on the the sale of the the Abberley Hall site which could be in more than 12 months’ time Loans of £1 £1 0m and £1 £1 015m were drawn down in July and December 2020 respectively Further loans of £15 000 000 000 £250 £250 000 000 000 and £250 £250 000 000 000 were drawn down in October November and December 2021 The first £1 0m was interest free with
the interest rate associated with
subsequent drawdowns being 2 2 32% (fixed rate) A new loan facility of £2 0m was agreed between the College and Abberley Hall Limited in March 2023
Amounts of £125 000 000 £175 000 000 £350 000 000 and £50 000 000 were drawn down against this in in December 2022 and March June and July 2023
The interest rate was 2 2 2 61% above the Bank of England base rate These loans will be repaid on the the sale of the the Abberley Hall land and and buildings Included in other debtors
is an amount of £31 239 (2022: £21 088) which represents loans to staff of which £21 019 (2022: £11 868) is repayable after more than one year Trade fee and other debtors
are stated after impairment provisions totalling £363 239 (2022: £393 137) Group 2023
£
2022 £
1 249 854 703 636 - 240 942 754 810
2 2 2 949 242
College 2023
2022 £
£
£
£
- - - - 821 058 602 416 6 035 791 4 515 292 214 327 184 049 490 922 680 361
7 562 098 5 5 982 118
1 546 234 841 104 - 232 583
MALVERN COLLEGE (INCORPORATED UNDER ROYAL CHARTER)
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