| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe Company, | its Trustees and advisers | ||
| Trustees' report | 2-11 | |||
| Independent | auditors' report |
on the financial statements | 12-15 | |
| Consolidated | statement offinancial activities |
16 | ||
| Consolidated | balance sheet | 17 | ||
| Company balance sheet |
18 | |||
| Consolidated | statement ofcash flows | 19 | ||
| Notes to the | financial statements | 20 - 42 |
| Trustees | R Ribchester, | Chair | Chair | |||
|---|---|---|---|---|---|---|
| Q Anstee | ||||||
| KBallantyne | ||||||
| SDobson | ||||||
| K Fenwick | ||||||
| M Hampel | ||||||
| R Hillier | ||||||
| J Hind (appointed | 16March 2022) | |||||
| G Hodgson | ||||||
| M Regan | ||||||
| K Richards | ||||||
| J Robson | ||||||
| RSwart (resigned | 1 July 2022) | |||||
| A Tremlett (resigned | 1 July 2022) | |||||
| N Turner | ||||||
| Company | registered | |||||
| number | 02776914 | |||||
| Charity registered | ||||||
| number | 1023407 | |||||
| Registered | office | The Bursars Office | ||||
| Durham School |
||||||
| Durham | ||||||
| DH14SZ | ||||||
| Company | secretary | EC Mussell | ||||
| Headmaster | KJ McLaughlin | |||||
| Independent | auditors | Clive Owen LLP | ||||
| Chartered Accountants |
||||||
| Statutory Auditors | ||||||
| Kepier House | ||||||
| Belmont Business | Park | |||||
| Durham | ||||||
| DH1 1TW | ||||||
| Bankers | Barclays Bank | PLC | ||||
| 6 Market Place | ||||||
| Durham | ||||||
| DH1 3NB | ||||||
| Solicitors | Swinburne Maddison |
LLP | ||||
| Venture House | ||||||
| Aykley Heads | Business Centre | |||||
| Durham | ||||||
| DH1 5TS |
| Endowment | Restricted | Unrestricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |||||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||||
| Note | 8 | 6 | F | ||||||
| Income and | |||||||||
| endowments | from: | ||||||||
| Donations and |
legacies | 3 | 275,000 | 184,472 | 459,472 | 129,824 | |||
| Charitable activities |
4 | (73,911) | 9,411,522 | 9,337,611 | 8,675,278 | ||||
| Other trading | activities | 5 | 209,154 | 209,154 | 126,234 | ||||
| Investments | 6 | 8,458 | 15,341 | 372,180 | 395,979 | 291,355 | |||
| Total income | and | ||||||||
| endowments | 8,458 | 216,430 | 10,177,328 | 10,402,216 | 9,222,691 | ||||
| Expenditure | on: | ||||||||
| Raising funds | 376,617 | 376,617 | 304,693 | ||||||
| Charitable activities |
10,572,287 | 10,572,287 | 9,289,755 | ||||||
| Other expenditure | 270,872 | ||||||||
| Total expenditure | 10,948,904 | 10,948,904 | 9,865,320 | ||||||
| Net | |||||||||
| income/(expenditure) | |||||||||
| before net | |||||||||
| (losses)/gains | on | ||||||||
| investments | 8,458 | 216,430 | (771,576) | (546,688) | (642,629) | ||||
| Net (losses)/gains | on | ||||||||
| investments | (38,878) | (38,878) | 123,861 | ||||||
| Net movement | in | ||||||||
| funds | (30,420) | 216,430 | (771,576) | (585,566) | (518,768) | ||||
| Reconciliation | of | ||||||||
| funds: | |||||||||
| Total funds brought | |||||||||
| forward | 345,750 | 1,421,742 | (2,175,918) | (408,426) | 110,342 | ||||
| Net movement | in funds | (30,420) | 216,430 | (771,576) | (585,566) | (518,768) | |||
| Total funds carried | |||||||||
| forward | 315,330 | 1,638,172 | (2,947,494) | (993,992) | (408,426) |
| CONSOLIDATED | BALANCE SHEET | |||||
|---|---|---|---|---|---|---|
| AS AT 31AUGUST 2022 | ||||||
| Note | 2022f | 2021 6 |
||||
| Fixed assets | ||||||
| Tangible assets | 14 | 5,312,643 | 5,490,316 | |||
| Investments | 15 | 1,038,147 | 1,077,025 | |||
| 6,350,790 | 6,567,341 | |||||
| Current assets | ||||||
| Stocks | 16 | 3,366 | 50,806 | |||
| Debtors | 17 | 1,387,565 | 1,532,993 | |||
| Cash at bank and | in hand | 153,598 | 484,663 | |||
| 1,544,529 | 2,068,462 | |||||
| Creditors: amounts | falling | due within | one | |||
| year | 18 | (4,850,635) | (4,739,240) | |||
| Net current liabilities | (3,306,106) | (2,670,778) | ||||
| Total assets less | current | liabilities | 3,044,684 | 3,896,563 | ||
| Creditors: amounts | falling | due after | more | |||
| than one year | 19 | (4,038,676) | (4,304,989) | |||
| Net liabilities excluding | pension asset | (993,992) | (408,426) | |||
| Total net assets | (993,992) | (408,426) | ||||
| Charltyfunds | ||||||
| Endowment funds |
21 | 315,330 | 345,750 | |||
| Restricted funds | 21 | 1,638,172 | 1,421,742 | |||
| Unrestricted funds |
21 | (2,947,494) | (2,175,918) | |||
| Totalfunds | (993,992) | (408,426) |
| COMPANT | STATEMENT | OF FINANCIAL | POSITION | ||||
|---|---|---|---|---|---|---|---|
| AS AT 31AUGUST 2022 | |||||||
| 2022 | 2021 | ||||||
| Note | 6 | ||||||
| Fixed assets | |||||||
| Tangible assets | 14 | 5,312,643 | 5,490,316 | ||||
| Investinents | 15 | 1,037,972 | 1,076,850 | ||||
| 6,350,615 | 6,567,166 | ||||||
| Current assets | |||||||
| Debtors | 17 | 1,477,165 | 1,571,874 | ||||
| Cash at bank and | in hand | 5,187 | 478,751 | ||||
| 1,482,352 | 2,050,625 | ||||||
| Creditors: amounts | falling | due within one | |||||
| year | 18 | (4,824,293) | (4,718,244) | ||||
| Net current liabilities | (3,341,941) | (2,667,619) | |||||
| Total assets less | current | liabilities | 3,008,674 | 3,899,547 | |||
| Creditors: amounts | falling | due after more | |||||
| than one year | 19 | (4,038,676) | (4,304,989) | ||||
| Net liabilities excluding | pension asset | (1,030,002) | (405,442) | ||||
| Total net assets | (1,030,002) | (405,442) | |||||
| Charltyfunds | |||||||
| Endowment funds |
21 | 315,330 | 345,750 | ||||
| Restricted funds | 21 | 1,638,172 | 1,421,742 | ||||
| Unrestricted funds |
21 | (2,983,504) | (2,172,934) | ||||
| Total funds | (1,030,002) | (405,442) |
| FOR | THE | YEAR ENDED 31AUGUST 202 | 2 | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 6 | |||||
| Cash flows from operating | activities | ||||
| Net cash used in operating |
activities | (228,148) | 158,895 | ||
| Cash flows from Investing | activities | ||||
| Dividends, interests and rents from investments |
15,341 | 21,663 | |||
| Proceeds from the sale oftangible fixed | assets | 5,000 | |||
| Purchase oftangible fixed assets | (135,120) | (59,552) | |||
| Net cash used In investing | activities | (119,779) | (32,889) | ||
| Cash flows from financing | activities | ||||
| Repayments of borrowing |
(56,299) | 35,522 | |||
| New finance leases | 22,537 | ||||
| Repayments offinance leases |
(5,941) | (12,547) | |||
| Receipt ofendowment | 8,458 | (833) | |||
| Net cash (used in)/provided by financing |
activities | (53,782) | 44,679 | ||
| Change in cash and cash |
equivalents | in | the year | (401,709) | 170,685 |
| Cash and cash equivalents | at the beginning | ofthe year | 484,663 | 313,978 | |
| Cash and cash equivalents | at the end of | the year | 82,954 | 484,663 | |
| The notes on pages 20to 42 form part ofthese financial statements |
| Freehold property |
- straight | line over 50years |
|---|---|---|
| Leasehold property |
- straight | line over 15 - 50years |
| Motor vehicles | - straight | line over 10years |
| Fixtures and fittings | - straight | line over 10 - 15years |
| Computer equipment |
- straight | line over 5years |
| Restricted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| F | 6 | 6 | 6 | |||
| Donations | ||||||
| Capitaldonations | 129,824 | |||||
| Generaldonations | 275,000 | 184,472 | 459,472 | |||
| Subtotal detailed disclosure | 275,000 | 184,472 | 459,472 | 129,824 | ||
| 275,000 | 184,472 | 459,472 | 129,824 | |||
| Total 2021 | 129,824 | 129,824 | ||||
| 4. | Income from charitable | activities | ||||
| Restricted | Unrestricted | Total | Total | |||
| funds | funds | funds | funds | |||
| 2022 6 |
2022 f |
2022 | 2021 6 |
|||
| School fees income | 10,299,905 | 10,299,905 | 8,311,660 | |||
| Bursaries, grants and allowances | (73,911) | (1,783,474) | (1,857,385) | (1,620,248) | ||
| Other ancillary fees | 895,091 | 895,091 | 1,441,953 | |||
| Government Income |
541,913 | |||||
| (73,911) | 9,411,522 | 9,337,611 | 8,675,278 | |||
| Total 2021 | 8,675,278 | 8,675,278 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| F | 8 | ||||
| Trading | subsidiary | income | 209,154 | 209,154 | 126,234 |
| Total 2021 | 126,234 | 126,234 |
| Endowment | Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||
| 2022 E |
2022 f |
2022 | 2022f | 2021 9 |
||
| Investment | income | 8,458 | 15,341 | 372,180 | 395,979 | 291,355 |
| Total 2021 | 6,127 | 21,663 | 263,565 | 291,355 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| 6 | 6 | 8 | ||
| Finance costs | 223,098 | 223,098 | 192,200 | |
| Trading subsidiary | expenditure | 153,519 | 153,519 | 112,493 |
| 376,617 | 376,617 | 304,693 | ||
| Total 2021 | 304,693 | 304,693 |
| Endowment | Restricted | Unrestricted | ||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | Total | Total | ||||
| 2022 F |
2022 f |
2022 f |
2022 f |
2021 8 |
||||
| Educational | charitable | activities | 10,522,916 | 10,522,916 | 9,228,079 | |||
| Governance | costs | 49,371 | 49,371 | 61,676 | ||||
| 10,572,287 | 10,572,287 | 9,289,755 | ||||||
| Total 2021 | 6,960 | 90,214 | 9,192,581 | 9,289,755 | ||||
| Summary | by expenditure | type | ||||||
| Staff costs | Depreciation | Other costs | Total | Total | ||||
| 2022 6 |
2022 E |
2022 8 |
2022f | 2021 8 |
||||
| Educational | charitable | activities | 6,547,377 | 312,793 | 3,662,746 | 10,522,916 | 9,228,079 | |
| Governance | 49,371 | 49,371 | 61,676 | |||||
| 6,547,377 | 312,793 | 3,712,117 | 10,572,287 | 9,289,755 | ||||
| Total 2021 | 6,161,080 | 297,200 | 2,831,475 | 9,289,755 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022f | 2022 8 |
2021 6 |
||
| Exceptional | item - merger costs | 154,446 | ||
| Exceptional | item - merger costs wages and salaries | 116,426 | ||
| 270,872 | ||||
| Total2021 | 270,872 | 270,872 |
| Support | Total | Total | ||||
|---|---|---|---|---|---|---|
| Direct costs | costs | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| 6 | 6 | 6 | ||||
| Educational | charitable | activities | 5,504,248 | 5,018,668 | 10,522,916 | 9,228,079 |
| Governance | 49,371 | 49,371 | 61,676 | |||
| 5,504,248 | 5,068,039 | 10,572,287 | 9,289,755 | |||
| Total 2021 | 5,191,514 | 4,098,241 | 9,289,755 |
| Educational | ||||
|---|---|---|---|---|
| charitable | Total | Total | ||
| activities | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| 6 | 6 | 6 | ||
| Staff costs | 5,096,053 | 5,096,053 | 4,722,688 | |
| Educational | costs | 376,114 | 376,114 | 347,960 |
| Bursaries | 97,174 | |||
| Welfare | 32,081 | 32,081 | 23,692 | |
| 5,504,248 | 5,504,248 | 5,191,514 | ||
| Total 2021 | 5,191,514 | 5,191,514 |
| Educational | |||||
|---|---|---|---|---|---|
| charitable | Total | Total | |||
| activities | Governance | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| f | 6 | 6 | 6 | ||
| Staff costs | 1,451,324 | 1,451,324 | 1,438,392 | ||
| Depreciation | 312,793 | 312,793 | 297,200 | ||
| Welfare | 1,344,237 | 1,344,237 | 872,865 | ||
| Support costs ofschooling | 622,398 | 622,398 | 710,252 | ||
| Premises | 1,287,916 | 1,287,916 | 717,856 | ||
| Governance | costs | 49,371 | 49,371 | 61,676 | |
| 5,018,668 | 49,371 | 5,068,039 | 4,098,241 | ||
| Total 2021 | 4,036,565 | 61,676 | 4,098,241 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f. | F | |||
| Depreciation -owned |
assets | 303,933 | 289,281 | |
| Depreciation - assets | on finance lease | 8,860 | 7,919 | |
| Auditors' | remuneration | - audit | 18,560 | 18,560 |
| Operating | lease payments - land and buildings | 158,635 | 238,065 | |
| Operating | lease payments - other | 13,261 | 13,239 |
| Group | Group | Company | Company | |||
|---|---|---|---|---|---|---|
| 2022f | 2021 | 2022 f |
2021 f |
|||
| Wages and | salaries | 5,234,402 | 4,876,495 | 5,167,594 | 4,799,374 | |
| Social security costs | 500,298 | 464,187 | 500,298 | 464,187 | ||
| Contribution | to defined contribution | pension | ||||
| schemes | 812,677 | 936,824 | 812,677 | 936,824 | ||
| 6,547,377 | 6,277,506 | 6,480,569 | 6,200,385 |
| Group | Group | ||
|---|---|---|---|
| 2022 | 2021 | ||
| No. | No. | ||
| Teaching staff | 92 | 110 | |
| Non-teaching | staff | 88 | 43 |
| 180 | 153 |
| Group | Group |
|---|---|
| 2022 | 2021 |
| No. | No. |
| Long-term | Short-term | ||||||
|---|---|---|---|---|---|---|---|
| Freehold | leasehold | leasehold | Motor | Fixtures | Computer | ||
| property | property f |
property | vehicles | and fittings 6 |
equipment 6 |
Total | |
| Cost | |||||||
| At 1 September | |||||||
| 2021 | 1,400,000 | 5,699,863 | 142,975 | 2,555,452 | - | 9,798,290 | |
| Additions | 76,343 | 40,327 | 18,450 | 135,120 | |||
| Disposals | (630) | (630) | |||||
| Transfers between | |||||||
| classes | (149,987) | 149,987 | - | (353,851) | 353,851 | ||
| At 31 August 2022 | 1,400,000 | 5,549,876 | 149,987 | 218,688 | 2,241,928 | 372,301 | 9,932,780 |
| Depreciation | |||||||
| At 1 September | |||||||
| 2021 | 311,066 | 1,963,076 | 62,794 | 1,971,038 | 4,307,974 | ||
| Charge for the year | 29,624 | 133,215 | 19,324 | 87,165 | 43,465 | 312,793 | |
| On disposals | (630) | (630) | |||||
| Transfers between | |||||||
| classes | (149,987) | 149,987 | - | (252,516) | 252,516 | ||
| At 31 August 2022 | 340,690 | 1,946,304 | 149,987 | 81,488 | 1,805,687 | 295,981 | 4,620,137 |
| Net book value | |||||||
| At 31 August 2022 | 1,059,310 | 3,603,572 | 137,200 | 436,241 | 76,320 | 5,312,643 | |
| At 31 August 2021 | 1,088,934 | 3,736,787 | - | 80,181 | 584,414 | 5,490,316 |
| Listed | Unlisted | Investment | in | ||
|---|---|---|---|---|---|
| Group | investments f |
investments | joint ventures | Total | |
| Cost or valuation | |||||
| At 1 September 2021 | 818,130 | 258,720 | 176 | 1,077,026 | |
| Revaluations | (38,879) | (38,879) | |||
| At 31 August 2022 | 779,251 | 258,720 | 176 | 1,038,147 | |
| Investments | |||||
| Listed | Unlisted | in subsidiary | |||
| investments | investments | companies | Total | ||
| Company | F | 6 | 6 | ||
| Cost or valuation | |||||
| At 1 September 2021 | 818,130 | 258,720 | 1 | 1,076,851 | |
| Revaluations | (38,879) | (38,879) | |||
| At 31 August 2022 | 779,251 | 258,720 | 1 | 1,037,972 |
| Group | Group | ||||||
|---|---|---|---|---|---|---|---|
| 2022 6 |
2021f | ||||||
| Finished | goods | and | goods | for | resale | 3,366 | 50,806 |
| Group | Group | Company | Company | ||
|---|---|---|---|---|---|
| 2022f | 2021 | 2022 8 |
2021 | ||
| Due within one year | |||||
| Trade debtors | 1,183,503 | 1,255,820 | 1,050,222 | 1,212,532 | |
| Amounts owed by group undertakings |
244,288 | 162,169 | |||
| Other debtors | 21,800 | 21,800 | |||
| Prepayments | and accrued income | 204,062 | 255,373 | 182,655 | 175,373 |
| 1,387,565 | 1,532,993 | 1,477,165 | 1,571,874 |
| Group | Group | Company | Company | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||
| 8 | 6 | 6 | 6 | |||
| Bank overdrafts | 70,644 | 70,644 | ||||
| Bank loans | 252,893 | 192,384 | 252,893 | 192,384 | ||
| Trade creditors | 582,761 | 357,037 | 568,112 | 344,933 | ||
| Other taxation and | social security | 129,495 | 140,722 | 126,175 | 133,330 | |
| Obligations under finance lease and hire |
||||||
| purchase contracts | 8,724 | 12,354 | 8,724 | 12,354 | ||
| Other creditors | 1,344,678 | 1,254,364 | 1,337,805 | 1,254,364 | ||
| Accruals and deferred income |
2,461,440 | 2,782,379 | 2,459,940 | 2,780,879 | ||
| 4,850,635 | 4,739,240 | 4,824,293 | 4,718,244 | |||
| Group | Group | Company | Company | |||
| 2022 | 2021 6 |
2022f | 2021f | |||
| Deferred income at 1 September 2021 | 2,780,879 | 715,990 | 2,780,879 | 715,990 | ||
| Resources deferred | during the year | 2,337,176 | 2,732,777 | 2,337,176 | 2,732,777 | |
| Amounts released |
from previous | periods | (2,799,199) | (667,888) | (2,799,199) | (667,888) |
| Deferred income at 31August | 2022 | 2,318,856 | 2,780,879 | 2,318,856 | 2,780,879 |
| Group | Group | Company | Company | ||||
|---|---|---|---|---|---|---|---|
| 2022 E |
2021 | 2022f | 2021f | ||||
| Bank loans | 4,019,490 | 4,136,298 | 4,019,490 | 4,136,298 | |||
| Net obligations | under | finance lease and hire | |||||
| purchase | contracts | 19,186 | 21,497 | 19,186 | 21,497 | ||
| Accruals | and | deferred | income | 147,194 | 147,194 | ||
| 4,038,676 | 4,304,989 | 4,038,676 | 4,304,989 |
| Secured debts | |||
|---|---|---|---|
| 2022f | 2021 6 |
||
| Bank overdrafts | 70,644 | ||
| Bankloans | 4,272,383 | 4,328,682 | |
| Finance leases and hire purchase | contracts | 27,910 | 33,851 |
| Balance at 1 | Balance at | ||||||
|---|---|---|---|---|---|---|---|
| September | Transfers | Gains/ | 31 August | ||||
| 2021 | Income | Expenditure | in/out | (Losses) | 2022 | ||
| 8 | 6 | 6 | 6 | ||||
| Unrestricted | |||||||
| funds | |||||||
| General Fund |
(6,245,044) | 10,177,328 | (10,948,904) | 47,690 | (6,968,930) | ||
| Revaluation | |||||||
| reserve | 4,069,126 | (47,690) | 4,021,436 | ||||
| (2,175,918) | 10,177,328 | (10,948,904) | (2,947,494) | ||||
| Endowment | |||||||
| funds | |||||||
| Davies Legacy | 345,750 | 8,458 | (38,878) | 315,330 | |||
| Restricted | |||||||
| funds | |||||||
| Trust Funds | 519,015 | 3,341 | 522,356 | ||||
| The Peter | E.l. | ||||||
| Lee Scholarship | |||||||
| Fund | 902,727 | (35,124) | 867,603 | ||||
| The Catherine | |||||||
| Cookson | |||||||
| Charitable | Trust | 248,213 | 248,213 | ||||
| 1,421,742 | 216,430 | 1,638,172 | |||||
| Total offunds | (408,426) | 10,402,216 | (10,948,904) | (38,878) | (993,992) |
| Statement offu | nds - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | Balance at | |||||
| 1 September | Transfers | Gains/ | 31 August | |||
| 2020 | Income | Expenditure | in/out | (Losses) | 2021 | |
| 6 | ||||||
| Unrestricted | ||||||
| funds | ||||||
| General Fund |
(5,720,055) | 9,194,901 | (9,768,146) | 48,256 | (6,245,044) | |
| Revaluation | ||||||
| Reserve | 4,117,382 | (48,256) | 4,069,126 | |||
| (1,602,673) | 9,194,901 | (9,768,146) | (2,175,918) | |||
| Endowment | ||||||
| funds | ||||||
| Davies Legacy | 298,706 | 6,127 | (6,960) | 47,877 | 345,750 | |
| Restricted | ||||||
| funds | ||||||
| Trust Funds | 443,031 | 9,663 | (9,663) | 75,984 | 519,015 | |
| The Peter E.l. | ||||||
| Lee Scholarship | ||||||
| Fund | 971,278 | 12,000 | (80,551) | 902,727 | ||
| 1,414,309 | 21,663 | (90,214) | 75,984 | 1,421,742 | ||
| Totai offunds | 110342 | 9222 691 | (9865 320) | 123,861 | (408,426) |
| Analysis ofnet assets between funds - | current year | |||
|---|---|---|---|---|
| Endowment | Restricted | Unrestricted | Total | |
| funds | funds | funds | funds | |
| 2022 F |
2022 | 2022 | 2022f | |
| Tangible fixed assets | 5,312,643 | 5,312,643 | ||
| Fixed asset investments | 300,595 | 737,376 | 176 | 1,038,147 |
| Current assets | 14,735 | 900,796 | 628,998 | 1,544,529 |
| Creditors due within one year | (4,850,635) | (4,850,635) | ||
| Creditors due in more than one year | (4,038,676) | (4,038,676) | ||
| Total | 315,330 | 1,638,172 | (2,947,494) | (993,992) |
| Analysis ofnet assets between funds - | prior year | |||
|---|---|---|---|---|
| Endowment | Restricted | Unrestricted | Total | |
| funds | funds | funds | funds | |
| 2021f | 2021 | 2021 8 |
2021 | |
| Tangible fixed assets | 5,490,316 | 5,490,316 | ||
| Fixed asset investments | 315,533 | 761,316 | 176 | 1,077,025 |
| Current assets | 30,217 | 660,426 | 1,377,819 | 2,068,462 |
| Creditors due within one year | (4,739,240) | (4,739,240) | ||
| Creditors due in more than one year | (4,304,989) | (4,304,989) | ||
| Ttl | 345,750 | 1,421,742 | (2,175,918) | (408,426) |
| Group | Group | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 6 | |||||
| Net expenditure for |
the year (as per Statement ofFinancial Activities) | (585,566) | (518,768) | ||
| Adjustments for: |
|||||
| Depreciation charges |
312,793 | 297,200 | |||
| Gains/(losses) on investments |
38,879 | (123,861) | |||
| Dividends, interests |
and rents | from investments | (15,341) | (21,663) | |
| Loss/(profit) on the |
sale offixed assets | (5,000) | |||
| Decrease in stocks | 47,440 | 29,753 | |||
| Decrease/(increase) | in debtors | 145,428 | (769,029) | ||
| Increase/(decrease) | in creditors | (163,323) | 1,399,254 | ||
| Capital donations | (129,824) | ||||
| Income attributable | to endowment | (8,458) | (6,127) | ||
| Expenditure attributable to endowment |
6,960 | ||||
| Net cash provided | by/(used | in) operating | activities | (228,148) | 158,895 |
| Group | Group | |||
|---|---|---|---|---|
| 2022 F |
2021f | |||
| Cash in | hand | (193) | 341 | |
| Cash at | bank | 153,791 | 484,322 | |
| Overdraft | facility repayable | on demand | (70,644) | |
| Total cash and cash equivalents | 82,954 | 484,663 |
| Operating lease commitments |
Operating lease commitments |
||||
|---|---|---|---|---|---|
| At 31 August 2022 the Group |
and the Company had commitments to |
make future minimum lease |
|||
| payments | under non-cancefiable | operating leases as follows: | |||
| Group | Group | Company | Company | ||
| 2022f | 2021f | 2022f | 2021f | ||
| Not later than 1 year |
313,896 | 246,658 | 313,896 | 246,658 | |
| Later than | 1 year and not later than 5years 1,429,645 |
818,072 | 1,429,645 | 818,072 | |
| Later than | 5years | 4,177,542 | 2,043,746 | 4,177,542 | 2,043,746 |
| 5,921,083 | 3,108,476 | 5,921,083 | 3,108,476 |