2022-07-31-accounts

			Page
Trustees'	report		1 -12
Independent auditor's		report	13-15
Statement	offinancial	activities
Balance sheet			17
Statement	ofcash flows		18
Notes to	the financial	statements	19-32

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2022	2022	2022	2021	2021	2021
			Notes				E		F
		n	frm:
Donations	and legacies		3	7,801		7,801	135,347		135,347
Charitable	activities
School fees and
associated	income		4	4,881,562		4,881,562	4,602,986		4,602,986
Investments			5				5		5
Other income			6	134,667		134,667	37,186		37,186
Total income				5,024,030		5,024,030	4,775,524		4,775,524
Ex endi
Charitable	activities
Education			7	4,846,318	1,889	4,848,207	4,722,421	636	4,723,057
Total charitable		expenditure		4,846,318	1,889	4,848,207	4,722,421	636	4,723,057
Net income/(expenditure)			for
the year/
Net movement		in funds		177,712	(1,889)	175,823	53,103	(636)	52,467
Fund balances		at 1 August
2021				1,810,993	16,346	1,827,339	1,757,890	16,982	1,774,872
Fund balances		at 31 July
2022				1,988,705	14,457	2,003,162	1,810,993	16,346	1,827,339

				2022		2021
			Notes			F
Fixed assets
Tangible assets			12		4,445,386		4,442,356
Current assets
Debtors			13	217,442		198,165
Cash at bank and in		hand		46,871		276
				264,313		198,441
Creditors:	amounts	falling due within
one year			14	(1,548,256)		(1,198,415)
Net current	liabilities				(1,283,943)		(999,974)
Total assets less current liabilities					3,161,443		3,442,382
Creditors:	amounts	falling due after
more than	one year		15		(1,158,281)		(1,615,043)
Net assets					2,003,162		1,827,339
Income funds
Restricted	funds		18		14,457		16,346
Unrestricted	funds -	e
Designated	funds		19	18,165		13,036
General unrestricted		funds		4,384,772		4,212,189
Share capital				10,000		10,000
Revaluation	reserve			(2,424,232)		(2,424,232)
					1,988,705		1,810,993
					2,003,162		1,827,339

					2022		2021
				Notes	E
Cash flows from operating		activities
Cash generated from operations				23		439,659		314,014
Investing	activities
Purchase	oftangible fixed assets				(38,121)		(23,376)
Proceeds	on disposal oftangible		fixed assets				318
Investment	income received						5
Net cash	used in investing	activities				(38,121)		(23,053)
Financing	activities
Repayment	of bank loans				(132,116)		(136,462)
Net cash	used in financing	activities				(132,116)		(136,462)
Net increase in cash and cash			equivalents			269,422		154,499
Cash and	cash equivalents	at beginning		ofyear		(222,551)		(377,050)
Cash and	cash equivalents	at	end of	year		46,871		(222,551)
Relating to:
Cash at bank and in hand						46,871		276
Bank overdrafts included in		creditors payable
within one	year							(222,827)

Depreciation is recognised	so as to write offthe cost or valuation	ofassets less their residual	ofassets less their residual	values over their
useful lives on the following	bases:
Freehold land and buildings	See below
Plant and equipment	10%per annum	reducing	balance basis
Fixtures and fittings	10%per annum	reducing	balance basis
Computers	25% per annum	straight	line basis
Motor vehicles	25% per annum	reducing	balance basis

			Unrestricted	Unrestricted
			funds	funds
			general	general
			2022	2021
			F
	Grants		7,801	135,347
	Grants receivable for core activities
	Music and	Dance Scheme Outreach Activities		5,231
	CJRS grant		7,701	130,116
	Other		100
			7,801	135,347
4	Charitable	activities

	School fees and associated	income
5	Investments

School fees	School fees
and	and
associated	associated
income	income
2022	2021
4,881,562	4,602,986
Total	Unrestricted
	funds
	general
	2021
	E

Unrestricted	Unrestricted
funds	funds
general	general
2022	2021
	E
134,667	37,186

			Education	Education
			2022	2021
				F
Staff costs			2,732,110	3,133,866
Depreciation	and impairment		35,091	35,944
Production costs			176,333	20,740
School books	and equipment		42,432	43,867
Exam fees			57,846	41,907
Telephone			25,327	20,917
Printing, postage and		stationery	13,295	9,478
Licenses			15,950	17,639
Catering and	cleaning	contract	532,934	324,928
Motor expenses			5,231	2,365
School transport			106,267	73,520
School trips			50,471	3,391
General expenses			46,076	54,059
Degree course expenses			247,185	257,731
Subscriptions	and donations		16,672	15,736
			4,103,220	4,056,088
Share of support costs (see note 8)			655,939	584,670
Share ofgovernance		costs (see note 8)	89,048	82,299
			4,848,207	4,723,057
Analysis by	fund
Unrestricted	funds - general		4,846,318	4,722,421
Restricted funds			1,889	636
			4,848,207	4,723,057
Forthe year	ended	31 July 2021
Unrestricted	funds - general		4,722,421
Restricted funds			636
			4,723,057

8	Supportcosts	Supportcosts
				Support	Governance		2022	Support costs	Governance	2021
				costs		costs			costs
							F
	Operating	lease	charges	10,984			10,984	9,557		9,557
	Rent and	rates		309,874			309,874	276,381		276,381
	Insurance			27,490			27,490	24,826		24,826
	Light and	heat		118,609			118,609	137,674		137,674
	Repairs and renewals			41,267			41,267	45,340		45,340
	Ground maintenance			28,991			28,991	32,237		32,237
	Cleaning			32,104			32,104	34,155		34,155
	Advertising	and
	marketing			33,137			33,137	299		299
	Recruitment			14,944			14,944	15,118		15,118
	Bad debts			8,240			8,240	(17,133)		(17,133)
	Bank loan	interest		30,299			30,299	26,216		26,216
	Audit fees					14,449	14,449		8,330	8,330
	Accountancy								7,000	7,000
	Legal and	professional				59,254	59,254		51,581	51,581
	Bank charges					15,345	15,345		15,388	15,388
				655,939		89,048	744,987	584,670	82,299	666,969
	Analysed	between
	Charitable	activities		655,939		89,048	744,987	584,670	82,299	666,969
9	Net movement		in funds						2022	2021
	Net movement		in funds is stated after charging/(crediting)
	Fees payable to the company's			auditor for the		audit ofthe	company's	financial
	statements								14,449	8,330
	Depreciation of		owned tangible	fixed assets					35,090	35,944
	Operating	lease charges							10,984	9,557

Number of	employee	s	s
The average	monthly	number		of	employees	during the	year was:
									2022	2021
									Number	Number
Full time									63	61
Part time									47	48
									110	109
The average	number	offull-time			equivalent	employees	during	the year was:
Teaching									52	50
Non-teaching									36	35
									88	85
Employment	costs								2022	2021
									E
Wages and	salaries								2,451,567	2,834,985
Social security costs									220,640	232,875
Other pension costs									59,903	66,006
									2,732,110	3,133,866
The number	of employees		whose annual			remuneration	was f60,000 or more
were:
									2022	2021
									Number	Number
F60,000 - F70,000									1	1
Redundancy	costs during		the	year were NIL (2021 —F33,326)

12	Tangible fixed assets
			Freehold	land	Plant and	Fixtures and	Computers	Motor vehicles	Total
			and buildings		equipment	fittings
				E
	Cost or valuation
	At 1 August 2021		4,150,000		142,066	858,426	274,002	31,762	5,456,256
	Additions				27,262	3,754	7,105		38,121
	At 31 July 2022		4,150,000		169,328	862,180	281,107	31,762	5,494,377
	Depreciation and impairment
	At 1 August 2021				61,684	657,347	264,108	30,762	1,013,901
	Depreciation charged	in the
	year				10,242	20,097	4,501	250	35,090
	At 31 July 2022				71,926	677,444	268,609	31,012	1,048,991
	Carrying amount
	At 31 July 2022		4,150,000		97,402	184,736	12,498	750	4,445,386
	At 31 July 2021		4,150,000		80,381	201,081	9,894	1,000	4,442,356

	Cost at 1 August	2021		6,467,220
	Additions
	Net book value	at 31 July 2022		6,467,220
13	Debtors
			2022	2021
	Amounts falling due within one year:		E
	Trade debtors		139,053	148,866
	Prepayments	and accrued income	78,389	49,299
			217,442	198,165

				2022	2021
			Notes
Bank loans and overdrafts			16	459,554	357,735
Other taxation	and social security			54,912	70,258
Trade creditors				385,588	171,823
Other creditors				147,050	162,427
Accruals and deferred		income		501,152	436,172
				1,548,256	1,198,415

15	Creditors: amounts falling due after more than	one year
			2022	2021
		Notes	E
	Bank loans	16	1,158,281	1,615,043
16	Loans and overdrafts
			2022	2021
				F
	Bank overdrafts			222,827
	Bank loans		1,617,835	1,749,951
			1,617,835	1,972,778
	Payable within one year		459,554	357,735
	Payable after one year		1,158,281	1,615,043
	Analysis ofdebt maturity
	Within one year or on demand		459,554	357,735
	Between one and two years		105,659	134,908
	Between two and five years		316,978	641,458
	After five years		735,644	838,677
			1,617,835	1,972,778

17	Share capital		2022	2021
				E
	Ordinary share	capital
	Issued and fully	paid
	10,000 Ordinary	shares ofF1 each	10,000	10,000

				Balance at	Resources	Balance at	Resources	Balance at
			1	August 2020	expended	1August 2021	expended	31July 2022
				E	F			E
Diverse	Dance	Project		16,982	(636)	16,346	(1,889)	14,457

		Movement	in funds		Movement	in funds
	Balance at	Incoming	Resources	Balance at	Incoming	Resources	Balance at
	1August	resources	expended	1 August	resources	expended	31 July
	2020			2021			2022
				E
PTFA - minibus	4,000			4,000			4,000
Welfare Fund	8,161	1,573	(698)	9,036	6,854	(1,725)	14,165
	12,161	1,573	(698)	13,036	6,854	(1,725)	18,165

20	Analysis	of net assets between funds	Unrestricted	Restricted
			funds	funds	Total	Total
			2022	2022	2022	2021
				E	E	E
	Fund balances at 31 July 2022 are
	represented by:
	Tangible	assets	4,445,386		4,445,386	4,442,356
	Current	assets/(liabilities)	(1,298,400)	14,457	(1,283,943)	(999,974)
	Long term liabilities		(1,158,281)		(1,158,281)	(1,615,043)
			1,988,705	14,457	2,003,162	1,827,339

		2022	2021
		F	E
Aggregate	compensation	308,435	415,974

23	Cash generated from	Cash generated from	operations	operations				2022	2021
	Surplus for	the year						175,823	52,467
	Adjustments	for:
	Investment	income recognised		in statement		offinancial	activities		(5)
	Depreciation	and impairment		oftangible	fixed assets			35,091	35,944
	Movements	in working	capital:
	(Increase) in debtors							(19,277)	(32,836)
	Increase in	creditors						248,022	258,444
	Cash generated from		operations					439,659	314,014

24	Analysis ofchanges in net (debt)/funds
		At	1August 2021 f.	Cash flows	At 31July 2022 f
	Cash at bank and in hand		276	46,595	46,871
	Bank overdrafts		(222,827)	222,827
			(222,551)	269,422	46,871
	Loans falling due within one year		(134,908)	(324,646)	(459,554)
	Loans falling due after more than one year		(1,615,043)	456,762	(1,158,281)
			(1,972,502)	401,538	(1,570,964)