A look into Bader College’s financials

COVID-19 results in significant impact at college 

Herstmonceux Castle has been the operating ground for Bader College since the 90s. 

The Bader International Study Centre is currently rebranding to “Bader College.” 

The Journal looked through the financial records of Bader College—of both the charity and the subsidiary company. 

According to the most recent enrollment projections, Bader College’s enrollment remains at 155 students for 2022-23 and beyond. In 2021, the actual intake of students was 117 with no upper-year intake. 

The planned upper year intake for the 2022 intake year is 40 students. 

According to a Feb. 28 financial projections report to the Board of Trustees, Bader College was expecting a deficit of £100,000. Originally the budgeted surplus was £500,000. 

The University attributed the deficit to a loss in residence fees and an online term offered in the summer of 2021, along with the slightly lower enrollment during the school year. 

Queen’s had to provide an additional £1.125 million in funding to Bader College to offset losses from the 2020-21 year. The University provided Bader College an additional $3.4 million in-year cash advance, of which $2.1 million was repaid as of March 31. 

In the UK, Bader College runs as a registered charity and has separate operations in Herstmonceux Castle Enterprise Ltd. According to records, the company’s ultimate controlling party is Queen’s University. 

According to UK government records, the company is classified as a private limited company and the nature of business is listed as “other amusement and recreation activities not elsewhere classified.” 

In the 2021 accounts for Herstmonceux Castle Enterprise, a net operating loss of £168,807 was reported after factoring in £331,077 worth of administrative expense on a £162,270 gross profit. 

In the UK, intra-group transactions between Bader College, Herstmonceux Castle Enterprise, and Queen’s University are not disclosed.  

Bader College’s listing under the Charity Commission for England and Wales includes data on expenditures and income. 

During the pandemic in 2021, expenditures outweighed total income with a difference between the two being over £2.1 million. The largest source of expenditures was classified as “charitable activities” with £3.73 million being spent. 

In the 2021 financial year—amidst COVID-19 lockdowns—gross income was at a five year low of £1.85 million. In the previous year—the record high—the gross income was £10.77 million.

The £10.77 high coincided with a donation and legacy of £6.56 million in the 2021 fiscal year. 

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