||Page|
|---|---|
|Trustees' Report|1to4|
|Independent<br>Examiner's<br>Report||
|Stab.ment ofFinancial Activities||
|abatement<br>ofFinancial Position||
|%atement ofCash Flows||
|Notes tothe Statement ofCash Flows||
|Notes to the Financial Statements|10 to 16|





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||||||||31/8/23|31/8/22|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes||6|6|6|
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations|and legacies|||2|367,002|15,640|382,642|479,354|
|Charitable|activities||||||||
|Education|||||509,109||509,109|448,169|
|Other income|||||10,000||10,000|5,095|
|Total|||||886,111|15,640|901,751|932,618|
|EXPENDITURE ON|||||||||
|Charitable|activities|||4|||||
|Education|||||720,998|45,290|766,288|671,395|
|NET INCOME/(EXPENDITURE)|||||165,113|(29,650)|135,463|261,223|
|RECONCILIATION||OF FUNDS|||||||
|Total funds|brought|forward|||1,402,015|53,300|1,455,315|1,194,092|
|TOTAL FUNDS CARRIED FORWARD|||||1,567,128|23,650|1,590,778|1,455,315|





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|||||31/8/23|31/8/22|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|E|K|||
|FIXEDASSETS||||||
|Tangible assets|9|1,764,149||1,764,149|1,632,699|
|CURRENT ASSETS||||||
|Debtors|10|98,331||98,331|76,512|
|Cash at bank and in hand||334,240|23,650|357,890|595,894|
|||432,571|23,650|456,221|672,406|
|CREDITORS||||||
|Amounts<br>falling due within one year|11|(629,592)||(629,592)|(849,790)|
|NET CURRENT ASSETS||(197,021)|23,650|(173,371)|(177,384)|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||1,567,128|23,650|1,590,778|1,455,315|
|NET ASSETS||1,567,128|23,650|1,590,778|1,455,315|
|FUNDS|13|||||
|Unresb icted funds||||1,567,128|1,402,015|
|Restricted funds||||23,650|53,300|
|TOTAL FUNDS||||1,590,778|1,455,315|





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||||31/8/23|31/8/22|
|---|---|---|---|---|
|||Notes|K|E|
|Cash flows from operating|activities||||
|Cash generated<br>from operations||1|199,791|378,331|
|Net cash provided<br>by operating<br>activities|||199,791|378,331|
|Cash flows from investing|activities||||
|Purchase oftangible fixed assets|||(175,193)|(566,957)|
|Net cash used<br>in investing<br>acbvities|||(175,193)|(566,957)|
|Cash flows from financing|activities||||
|New loans in year|||9,000|557,101|
|Loan repayments<br>in the year|||(121,000)||
|Loan converted to donations|||(150,602)||
|Net cash (used in)/provided|by financing|activities|(262,602)|557,101|
|Change<br>in cash and cash equivalents|||||
|in the reporting<br>period|||(238,004)|368,475|
|Cash and cash equivalents|at the||||
|beginning<br>ofthe reporting|period||595,894|227,419|
|Cash and cash equivalents|at the end||||
|ofthe reporting<br>period|||357,890|595,894|





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||RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|---|---|
||||||||31/8/23|31/8/22|
||||||||E|E|
||Net income forthe|reporting|||period (as per the abatement|of|||
||Financial Activities)<br>Adjustments<br>for.|||||||261,223|
||Depreciation<br>charges||||||43,743|41,016|
||(Increase)/decrease|in|debtors||||(21,819)|50,558|
||Increase<br>in creditors||||||42,404|25,534|
||Net cash provided|by|operations||||199,791|378,331|
|2.|ANALYSIS OF CHANGES|||IN|NET DEBT||||
|||||||At1.9.22|Cash flow|At31.8.23|
|||||||E|E|E|
||Net cash||||||||
||Cash at bank and in|hand||||595,894|(238,004)|357,890|
|||||||595,894|(238,004)|357,890|
||Debt||||||||
||Debts falling due within||1 year|||(661,602)|262,602|(399,000)|
|||||||(661,602)|262,602|(399,000)|
|||||||(65,708)|24,598|(41,110)|





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|DONATIONS|AND LEGACIES|||
|---|---|---|---|
|||31/8/23|31/8/22|
|||6|6|
|Donations||361,965|467,822|
|Gift aid||20,677|11,532|
|||382,642|479,354|
|INCOME FROM CHARITABLE ACTIVITIES||||
|||31/8/23|31/8/22|
||Activity|K||
|Fees|Education|509,109|448,169|



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|STAFF COSTS|||
|---|---|---|
||31/8/23|31/8/22|
||6|6|
|Wages and salaries|479,925|442,279|
|Social security costs|14,664|11,587|
|Other pension costs|4,077|3,785|
|||457,651|





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|The average<br>monthly|The average<br>monthly|The average<br>monthly|number of|employees|employees|during the year|was as follows:|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31IS/23|31IS/22|
|Teaching staff||||||||39|39|
|Administration|staff|||||||3|3|
|||||||||42|42|
|No employees|received emoluments||||in excess of660,000.|||||
|COMPARATIVES FOR THE STATEMENT||||||OF FINANCIAL|ACTIVITIES|||
||||||||Unrestricted|Restricted|Total|
||||||||funds|funds|funds|
||||||||E|E|E|
|INCOME AND|ENDOWMENTS|||FROM||||||
|Donations<br>and|legacies||||||420,094|59,260|479,354|
|Charitable<br>activities||||||||||
|Education|||||||448,169||448,169|
|Other income|||||||5,095||5,095|
|Total|||||||873,358|59,260|932,618|
|EXPENDITURE ON||||||||||
|Charitable activities||||||||||
|Education|||||||665,435|5,960|671.395|
|NET INCOME|||||||207,923|53,300|261,223|
|RECONCILIATION||OF FUNDS||||||||
|Total funds brought||forward|||||1,194,092||1,194,092|
|TOTAL FUNDS CARRIED FORWARD|||||||1,402,015|53,300|1,455,315|





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|9.|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|---|
||||Equipment,|||
|||Freehold|Fixtures|Motor||
|||property<br>f|8fittings<br>f|vehicles<br>f|Totals<br>f|
||COST|||||
||At 1stSeptember 2022<br>Additions|1,805,476<br>175,193|87,680|1,500|1,894,656<br>175,193|
||At 31stAugust 2023|1,980,669|87,680|1,500|2,069,849|
||DEPRECIATION|||||
||At 1stSeptember 2022|181,062|80,670|225|261,957|
||Charge foryear|40,713|2,805|225|43,743|
||At 31stAugust 2023|221,775|83,475|450|305,700|
||NET BOOK VALUE|||||
||At 31stAugust 2023|1,758,894|4,205|1,050|1,764,149|
||At31stAugust 2022|1,624,414|7,010|1,275|1,632,699|
|10.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||31/8/23<br>f|31/8/22<br>f|
||Trade debtors|||55,160|49,034|
||Prepayments<br>and accrued income|||43,171|27,476|
|||||98,331|76,512|
|11.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||31/SPL!<br>f|31/8/22<br>f|
||Trade creditors|||39,945|19,851|
||Taxation and social security|||8,892|3,266|
||Other creditors|||580,755|826,673|
|||||629,592||





|12.|LOANS|||||||
|---|---|---|---|---|---|---|---|
||An analysis ofthe maturiiy ofloans is given below:|||||||
|||||||31/SI23|31I8/22|
||||||||E|
||Amounts<br>falling||due within one year on demand:|||||
||Other loans|||||399,000|661,602|
|13.|MOVEMENT|IN FUNDS||||||
|||||||Net||
|||||||movement||
||||||At 1.SZ2<br>E|in funds<br>E|31.8.23<br>f|
||Unrestricted|funds||||||
||General fund||||1,402,015|165,113|1,567,128|
||Restricted funds|||||||
||Zakat||||53,300|(29,650)|23,650|
||TOTALFUNDS||||1,455,315|135,463|1,590,778|
||Net movement||in funds, included||in the above are as follows:|||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||||||E|E|E|
||Unrestricted|funds||||||
||General fund||||886,111|(720,998)|165,113|
||Restricted funds|||||||
||Zakat||||15,640|(45,290)|(29,650)|
||TOTAL FUNDS||||901,751|(766,288)|135,463|
||Comparatives||for movement|in|funds|||
|||||||Net||
|||||||movement|At|
||||||At1.9.21<br>E|in funds<br>f|31.$.22<br>E|
||Unrestricted|funds||||||
||General fund||||1,194,092|207,923|1,402,015|
||Restricted funds|||||||
||Zakat|||||53,300|53,300|
||TOTALFUNDS||||1,194,092|261,223|1,455,315|





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|Comparative|net movement<br>in funds, ind|uded<br>in the above are as follows:|||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||||K|
|Unrestricted|funds||||
|General fund||873,358|(665,435)|207,923|
|Restricted funds|||||
|Zak I||59,260|(5,960)|53,300|
|TOTAL FUNDS||932,618|(671,395)|261,223|



|A current yea|r 12months and prior year|12months combined<br>position isa|s follows:||
|---|---|---|---|---|
||||Net||
|||At1.9'|movement<br>in funds|31.8.23|
|||K|E|E|
|Unrestricted|funds||||
|General fund||1,194,092|373,036|1,567,128|
|Restricted funds|||||
|Zakat|||23,650|23,650|
|TOTAL FUNDS||1,194,092|396,686|1,590,778|



|A current yea<br>above are as|r 12 months<br>and prior yea<br> follows:|r 12months<br>combined<br>net move|ment<br>in funds,<br>|included<br>in|
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
||||E|E|
|Unrestricted|funds||||
|General fund||1,759,469|(1,386,433)|373,036|
|Restricted funds|||||
|Zakat||74,900|(51,250)|23,650|
|TOTAL FUNDS||1,834,369|(1,437,683)|396,686|





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