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||Page|
|---|---|
|Reference and administrative details of the|1|
|Charity, its Trustees and advisers||
|Trustees’ report|2to 12|
|Report of the Independent Auditor|13 to 16|
|Statement of Financial Activities|17|
|Balance Sheet|18|
|Cash Flow Statement|19|
|Notes to the Financial Statements|20 to 31|





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|||2023|2022|
|---|---|---|---|
|||Total|Total|
|||Unrestricted|Unrestricted|
|||funds|funds|
||Note|£|£|
|INCOME FROM:||||
|Charitable activities||||
|School fees|2|4,625,431|4,252,653|
|Investment income|3|25,285|16,769|
|Other income|4|783,695|579,956|
|Total incoming resources||5,434,411|4,849,378|
|EXPENDITURE ON:||||
|Charitable activities||||
|Education|5|5,703,840|5.157,966|
|Total expenditure||5,703,840|5,157,966|
|NET (OUTGOING)/INCOMING||(269,429)|(308,588)|
|RESOURCES BEFORE||||
|GAINS AND LOSSES ON INVESTMENTS||||
|Net (losses)! gains on investments|11|(48,398)|5,077|
|NET MOVEMENT IN FUNDS||(317,827)|(303,511)|
|RECONCILIATION OF FUNDS||||
|Total funds brought forward||3,297,724|3,601,235|
|TOTAL FUNDS CARRIED FORWARD|||3.297724|
|The notes on pages 23 to 34 form part of these financial statements||||





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|||2023|2022|
|---|---|---|---|
||Note|£|£|
|FIXED ASSETS||||
|Tangible assets|10|2,995,795|2,998846|
|Fixed asset investments|11|531,567|769.449|
|||3,527,462|3,768295|
|CURRENT ASSETS||||
|Debtors|12|167,517|108,910|
|Cash at bank and in hand||(137,043)|229,475|
|||30,474|336,385|
|CREDITORS||||
|Amounts falling due within one year|13|(578,038)|(806,956)|
|NET CURRENT LIABILITIES||(547,565)|(470571)|
|NET ASSETS||2.979.897|3.297724|
|TOTAL UNRESTRICTED FUNDS|17|2.979.897|3.297.724|






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||Note|2023||2022||
|---|---|---|---|---|---|
|||£|£|£|£|
|Net cash inflow from operations||||||
|Net cash provided by operating|20|||||
|activities|||(114,472)||23,121|
|Cash flows from investing||||||
|activities||||||
|Investment income: dividends||25,265||16,769||
|Purchase of tangible fixed assets||(466,716)||(493,572)||
|Purchase of investments||(540,281)||(17,421)||
|Disposal of investment||527,862||1,873||
|Drawdown of investment||201,803||||
||||(252,074)||(492,351)|
|Change in cash and cash|||(366,518)||(469,230)|
|equivalents in the reporting||||||
|period||||||
|Cash and cash equivalents at the|||229,475||698,705|
|beginning of the period||||||
|Cash and cash equivalents at the|21|||||
|end of the period|||(137,043)||229,475|





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|Fees receivable consist of:|||
|---|---|---|
||2023|2022|
||£|£|
|Gross Fees|5,428,508|4,844,689|
|Less: bursaries, grants and allowances|(803.077)|(592,036)|
|Total School fees|4.625.431|=ggz|



## 

|INVESTMENT INCOME|||
|---|---|---|
||2023|2022|
||£|£|
|Investment income|20,550|15,548|
|Bank interest receivable|4,735|1,221|
||25,285|16,769|
|OTHER INCOME|||
||2023|2022|
||£|£|
|Extra-curricular activities|250,278|177,319|
|Donations|23,165|19,870|
|Grant income|412,892|252,841|
|Lettings & Hire income|3,123|6,201|
|Trip Income|94,237|123,725|
|||579.956|



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|.<br>ANALYSIS OF EXPEN|DITURE|||||
|---|---|---|---|---|---|
||Staff Costs|Depreciation|Other costs|Total|Total|
|||||2023|2022|
|Charitable expenditure|£|£|£|£|£|
|Education|3,632,041|469,767|1,546,285|5,648,093|5,071,475|
|Governance costs|-|-|55,747|55,747|86,491|
||3,632,041|469,767|1,602,032|5,703,840|5,157,966|





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|6.|GOVERNANCE COSTS|GOVERNANCE COSTS||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||£|£|
||Auditors! remuneration|||15,100|13,000|
||Professional|fees||40.646|73,491|
|||||55,746|86,491|
|7.|NET (OUTGOING)/INCOMING||RESOURCES|||
||Net (outgoing)/incoming resources are stated after charging:|||||
|||||2023|2022|
|||||£|£|
||Depreciation|- owned assets||469,767|431,977|
|8.|AUDITORS REMUNERATION|||||
|||||2023|2022|
|||||£|£|
||Fees payable|forthe audit of the annual accounts||12,600|10,900|
||Fees payable|in respect of Teachers Pension Scheme||1,050|950|
||All other non-audit services not included above|||1,250|1,150|





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|||2023|2022|
|---|---|---|---|
|||£|£|
|Wages and salaries||2878,752|2574978|
|Social security costs||283,659|267,836|
|Other pension costs||469,630|440,926|
|||3,632,041|3,283,740|
|Aggregate employee benefits of key management|personnel|827.383|697.688|
|The average monthly number of employees during|the yearwas as follows:|||
|||2023|2022|
|Teaching and administration||jj5||
|The number of higher paid employees in bands of:|-|||
|||2023|2022|
|£60,000 to £70,000||2|1|
|£70,000 to £80,000||1|-|
|£80000 to £90,000||-|1|
|£90000 to £100,000||1||






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||||Freehold|Freehold||Fixtures and|Computer||
|---|---|---|---|---|---|---|---|---|
|||Property||-||Fittings|Equipment|Totals|
|||Land and||||£|£|£|
||||Building||||||
|||||£|||||
|COST|||||||||
|At 1 September|2022|3,749,100||||1,898,|517,019|6,164,576|
||||||457||||
|Additions||||||360,483|106,233|466,716|
|Disposals||||||(3,933)|(29,311)|(33,244)|
|At 31 August 2023||3,749,100||||2,255,007|593,941|6,597,707|
|DEPRECIATION|||||||||
|At<br>1 September 2022||2,141,760||||683,088|340,882|3,165,730|
|Charge for the year|||91,939|||262,710|115,118|469,767|
|Disposals||||-||(3,933)|(29,311)|(33,244)|
|At 31 August 2023||2,233,699||||941,864|426,689|3,602,252|
|NET BOOK VALUE|||||||||
|At 31 August 2023||1,515,401||||1,313,142|167,252|2,995,795|
|At 31 August 2022||1,607,340||||1215,369|176!137|2.998.846|
|FIXED ASSET INVESTMENTS|||||||||
|||||||Unrestricted|Total|Total|
|||||||Funds|2023|2022|
|||||||£|£|£|
|Market Value @|1 September||2022|||769,449|769,449|748,824|
|Additions||||||540,281|540,281|17,421|
|Disposals||||||(527,862)|(527,862)|(1,873)|
|Revaluations||||||(48,398)|(48,398)|5,077|
|Drawdown||||||(201,803)|(201,803)|0|
|Market Value @|31 August|2023||||531,667|531,667|769,449|
|Listed on UK Stock exchange||||||531,033|531,033|768,804|
|Cash deposits||||||634|634|645|
|||||||531,667|531,667|769,449|



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|12.|DEBTORS|||
|---|---|---|---|
|||2023|2022|
|||£|£|
||Trade debtors|58,431|24,414|
||Other debtors|14,064|12,696|
||Prepayments and accrued income|95,022|69,600|
|||167,517|106,910|
|13.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|||2023|2022|
|||£|£|
||Trade creditors||338,213|
||Social security and othertaxes|141,080|63,797|
||Other creditors|153,208|243,656|
||Accruals and deferred income|283,750|161,290|
|||578,038|806,956|
||Deferred income|||
||||£|
||Deferred income at 1 September2022||71,476|
||Resources deferred during the year||208,946|
||Amounts released from previous years||(71,476)|
||Deferred income at 31 August 2023||208,946|



## 

||2023|2022|
|---|---|---|
||£|£|
|Less than one year|-|72,990|
|Between two and five years|||
|||72 990|





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|Statement of funds|||||||
|---|---|---|---|---|---|---|
||At 1|September||||At 31|
|||2022|Incoming|Resources|Losses on|August|
||||resources|expended investment||2023|
||||||5||
|||£|£|£|£|£|
|Unrestricted funds|||||||
|General fund||3,297,724|5,434,411|(5,703840)|(48398)|2,979,897|
|Total funds||3,297,724|5,434,411|(5,703,840)|(48,398)|2,979,897|
|||At 1||||At 31|
||September||Incoming|Resources|Gains on|August|
|||2021|resources|expended investments||2022|
|||£|£|£|£|£|
|Unrestricted funds|||||||
|General fund||3,601,235|4,849,378|(5)157,966)|5,077|3,297,724|
|Total funds||3,601,235|4,849,378|(5,157,966)|5,077|3,297,724|
|Analysis of net assets between|funds|— current year|||||
||Fixed assets||Net current|Long term|Total||
||||liabilities|liabilities|2023||
|||£|£|£|£||
|Unrestricted funds|3.527,462||(547.565)||2.979.897||
|Analysis of net assets between|funds|— prior year|||||
||Fixed assets||Net current|Long term|Total||
||||liabilities|liabilities|2022||
|||£|£|£|£||
|Unrestricted funds|3,768,295||(470,571)||3,297)724||






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|||2023|2022|
|---|---|---|---|
|||£|£|
|Financial|assets measured at amortised cost (a)|72,495|266585|
|Financial|assets measured at fair value (b)|531,667|769,449|
|Financial|liabilities measured at amortised cost (c)|574,001|743,159|



## 

||2023|2022|
|---|---|---|
||£|£|
|Net (outgoing)f incoming resources|(317,827)|(303,511)|
|Depreciation charges|469,767|431,977|
|Losses! (gains) on investments|48,398|(5,077)|
|Dividends, interest and rents from investments|(25,285)|(16,769)|
|Decrease / (increase) in debtors|(60,607)|13,025|
|(lncrease)ldecrease in creditors|(228,918)|(96,524)|
|Net cash inflow from operating activities|(114,472)|23.121|





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|ANALYSIS OF CASH AND CASH EQUIVALENTS|||
|---|---|---|
||2023|2022|
||£|£|
|Cash in hand*|(137,043)|229,475|
|Overdraft facility repayable on demand|||
||(137,043)|229,475|



## 

|||At 1 September||At 31 August|
|---|---|---|---|---|
|||2022|Cashflow|2023|
|||£|£|£|
|Cash|in hand, at bank|229,475|(366,518)|(137,043)|
|Bank|overdraft||||
|Total||229,475|(366,518)|(137,043)|