##
##
##
##
##
||||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)|