## ## ## |CONTENTS|||PAGE| |---|---|---|---| |Annual
Report ofthe|Governors|including|| |the Strategic Report|||1-11| |Report ofthe Independent
Auditors|||12- 15| |Statement
of Financial|Activities||16| |Balance Sheet|||17| |Statement
ofcash flows|||18| |Notes to the Financial|Statements||19-30| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Total|Total| |---|---|---|---|---|---| |||||(Unrestricted)|(Unrestricted)| ||||Notes|2022|2021| |INCOME FROM:|||||| |Charitable
activities||||5,840,241|5,193,989| |Other trading|activities|||30,646|11,810| |Investments||||12,316|7,185| |Voluntary
sources||||48,662|91,138| |Total income||||5,931,865|5,304,122| |EXPENDITURE|ON:||||| |Charitable
Expenditure|||||| |Raising funds||||6,462|2,083| |Charitable
activities||||5,244,623|4,857,763| |Total expenditure||||5,251,085|4,859,846| |NET LOSSES/|GAINS ON|||(33,325)|52,095| |INVESTMENTS|||||| |NET INCOME|AND|NET||647,455|496,371| |MOVEMENT|||||| |IN FUNDS|||||| |RECONCILIATION||OF FUNDS:|||| |TOTAL FUNDS|BROUGHT|||8,534,235|8,037,864| |FORWARD|||||| |TOTAL FUNDS|CARRIED|||9,181,690|8,534,235| |FORWARD|||||| ||||||2022||2021| |---|---|---|---|---|---|---|---| ||||Notes||||| |FIXED ASSETS|||||||| |Tangible
Assets
Investments|||12
13||11,239,823
346,011||10,923,710
341,951| ||||||11,585,834||11,265,661| |CURRENT ASSETS|||||||| |Debtors
Cash at Bank and in||hand|14|138,310
1,605,143||134,023
1,238,788|| |||||1,743,453||1,372,811|| |CURRENT LIABILITIES|||||||| |Creditors: Amounts|falling due||||||| |within one year|||15|1,399,107||1,127,376|| |NET CURRENT ASSETS|||||344,346||245,435| |TOTAL ASSETS LESS|||||||| |CURRENT LIABILITIES|||||11,930,180||11,511,096| |CREDITORS: Amounts||falling due|||||| |after more than one||year|||2,748490||2,976,861| |TOTAL NET ASSETS|||||9,181,690||8,534,235| |CHARITY FUNDS|||||||| |Unrestricted
funds|||||9,181,690||8,534,235| ||||2022|2021| |---|---|---|---|---| |||Note||| |Cash flow from operating|activities|17|1 480,720|674,479| |Interest paid|||(102,338)|(102,209)| |Net cash flow from operating
activities|||1,378,382|572,270| |Cash flow from investing
activities||||| |Payments
to acquire tangible
fixed assets|||(735,590)|(1,467,566)| |Purchase of fixed asset investments|||(30,000)|(12,500)| |Interest received|||5,892|1,903| |Dividends
received|||6,424|5,282| |Net cash flow from investing
activities|||(753,274)|(1,472,881)| |Cash flow from financing|activities|||| |Net (decrease)
in loans|||(251,753)|(189,856)| |(Decrease) / increase
in deposits held|||(7,000)|25,000| |Net cash flow from financing
activities|||(258,753)|(164,856)| |Net increase / (decrease)|in cash and cash|||| |equivalents|||366,355|(1,065467)| |Cash and cash equivalents|at 1 September||1,238,788|2,304,255| |2021||||| |Cash and cash equivalents|at 31 August 2022||1,605,143|1,238,788| |Cash and cash equivalents|consists of:|||| |Cash at bank and in hand|||1,605,143|1,238,788| ||||1,605,143|1,238,788| ## ## ## ## ## ## ## ## ## ## ## ## |INCOME FROM CHARITABLE ACTIVITIES||| |---|---|---| ||2022|2021| |School fees receivable||| |Gross fees
Less: Discounts, scholarships
and bursaries|5,537,355
(161,156)|5,210,881
(236,455)| |Clubs, school lunches and other activities
Registration
fees|5,376,199
442,092
21,950|4,974426
202,963
16,600| ||5,840,241|5,193,989| |INCOME FROM OTHER TRADING ACTIVITIES||| ||2022|2021| ||E|E| |Income from fund raising events
Hire of facilities
Other|16,268
12,860
1,518|11,810| ||30,646|11,810| |NCOME FROM INVESTMENTS||| ||2022|2021| |Interest —Deposit and current account
Dividend income|5,892
6,424|1,903
5,282| ||12,316|7,185| |OLUNTARY SOURCES||| ||2022|2021| |||E,| |Insurance
claim against repairs costs
Job Retention Scheme grants receivable
Donations and gifts|29,692
18,970|69,723
21,415| ||48,662|91,138| ## |nalysis of|cha|rit|able|activity|, governance|and support|costs is as follo|ws:|| |---|---|---|---|---|---|---|---|---|---| ||||||Direct|Support|Governance|2022|2021| ||||||charitable|Costs|Function|Total|Total| ||||||activity||||| ||||||E||||| |Salary|and||employee||2,739,623|685,346||3,424,969|3,298,901| |costs|||||||||| |Premises|and||overhead|||514,623||514,623|574,333| |costs|||||||||| |Catering|costs|||||248,525||248,525|155,483| |Amortisation||||||272,151||272,151|265,673| |Depreciation||||||147,326||147,326|140,572| |School|activities|||and|149,821|||149,821|71,159| |excursions|||||||||| |Educational||supplies|||76,070|||76,070|29,190| |Other costs|||||19,419|210,003||229,422|149,517| |Finance|costs||including|||106,480||106,480|121,807| |loan interest|||||||||| |Legal 8, professional||||fees|||62,900|62,900|39,114| |Audit remuneration|||||||12,336|12,336|12,014| ||||||2,984,933|2,184,454|75,236|5,244,623|4,857,763| |et income|for the year is sta|ted a|fter charging:||| |---|---|---|---|---|---| |||||2022|2021| |||||E|| |Other expenditure
includes:|||||| |Fees payable to the Company's|||auditor||| |—for the audit ofthe Company's|||annual accounts|11,136|10,864| |—for other|audit work on behalf||ofthe Company|1,200|1,150| |Amortisation|8,Depreciation|—owned assets||419477|406,245| |Operating|lease rentals
—|Land|and buildings|70,766|74,407| |||Fittings and equipment||720|720| |Net (loss) /|gain on investments|||(33,325)|52,095| |Loss on disposal of tangible||fixed|assets||2,768| ## ## ## ||2022|2021| |---|---|---| |||E| |Wages and Salaries
Social Security costs
Pension costs
Other employee
benefits|2,651,356
280,375
433,610
59,628|2,549,641
260,695
433,801
54,764| ||3,424,969|3,298,901| |osts) of more than 860,000 in the year was a|

g
emp
s follows:|oyer
penson| |---|---|---| ||2022|2021| ||Number|Number| |260,001 —$70,000
R70,001 —280,000
880,001 —290,000
f.100,001 —f110,000|1
1
1
1|2
1| ||e average
number
of employees
and
full time eq
the year was made up as follows:|uivalent
(FTE) analy|sed
|by function
d|uring| |---|---|---|---|---|---| |||2022||2021|| |||Number|FTE|Number|FTE| ||Charitable
activities (Teaching and support)
Administration|82
7|64
7|82
7|62
7| |||89|71|89|69| |10.|INTEREST PAYABLE AND SIMILAR CHARGES||||| |2022|2021| |---|---| |E|'E| |102,338|102,209| ## ## ## ## ## ||||Computer|Computer|Equipment,|Land 8,||Short|||Total| |---|---|---|---|---|---|---|---|---|---|---|---| ||||Equipment||Fixtures|Freehold|Leasehold||||| ||||||and||||||| ||||||Fittings|Property||Property|||| ||||||E|E||E|||| |Cost|||||||||||| |As at|1 September|2021||583,379|1,443,075|12,512,077||636,470||15,175,00|| |Additions
Disposals|||(|43,801
—
)|153,469
(
—
)|538,320
(
—
)|(|—
)||(|1
735,590| ||||||||||)||| |As at|31 August 2022|||627,180|1,596,544|13,050,397||636470||15,910,59|| ||||||||||||1| |Depreciation|||||||||||| |As at
1 September
Charge foryear
Disposals||2021|(|465,044
54,685
—
)|1,183,785
92,641
(
—
)|2,351,895
245 499
(
—
)|(|250,567
26,652
—
)||4,251,291
419477
(
—
)|| |As at|31 August 2022|||519,729|1,276 426|2,597,394||277,219||4,670,768|| |Net BookValue|||||||||||| |As at|31 August 2022|||107,451|320,118|10,453,003||359,251||11,239,82|| ||||||||||||3| |As at|31 August 2021|||118,335|259,290|10,160,182|385,903|||10,923,71|| ||||||||||||0| ## |Cost orvaluation|Cost orvaluation||Total investments| |---|---|---|---| ||||(Listed)| |At
1 September
2021
Re-invested
income
Change
in market value
Additions|||341,951
7,385
(33,325)
30,000| |At 31 August 2022|||346,011| |Investments|at fair value|comprise:|| ||||At 31 August| ||||2022| |Funds held
Cash within|within a unit
investment|trust
portfolio|341,286
4725| ||||346,011| ## |EBTORS||| |---|---|---| ||2022|2021| |||E| |Amounts
falling due within one year:||| |Fees receivable
Other debtors|5,707|33,153
450| |Prepayments|132,603|100,420| ||138,310|134,023| ## ## ## ||2022|2021| |---|---|---| ||E|E| |Amounts
falling due within one year:||| |Bank loans
Taxation and Social Security payable
Other Creditors
Fees paid in advance
Deposits held
Accruals|260,566
67,545
160,691
610,232
28,500
271,573|251,948
63,627
145,521
432,129
67,500
166,651| ||1,399,107|1,127,376| ||2022|2021| |||E| |Amounts
falling due after one year:||| |Long term mortgage
Deposits held|2,501,990
246,500|2,762,361
214,500| ||2,748,490|2,976,861| ## ||Land|&Buildings||Other|| |---|---|---|---|---|---| ||2022|2021|2022||2021| |||E|||| |Expiring:|||||| |Within one year
In two to five years
In more than five years|2,273
27,610
2,288,279|1,827
35,104
2,349,327|1,620||2,340| ||2,318,162|2,386,258|1,620||2,340| ## |||2022|2021| |---|---|---|---| |||E|E| |Net income for the year
Dividend income
Interest receivable
interest payable
Depreciation
charges
Increase / (decrease)
in debtors
Increase / (decrease)
in creditors
Change
in market value ofinvestments/reinvested
Loss on disposal offixed assets|income|647,455
(6,424)
(5,892)
102,338
419477
(4,287)
302,113
25,940|496,371
(5,282)
(1,903)
102,209
406,245
33,816
(301,603)
(58,142)
2,768| |Net cash inflow from operating
activities||1,480,720|674,479| ## ## ## ##