| CONTENTS | PAGE | |
| Trustees Annual Report |
1-6 | |
| Independent Examiner's |
report | |
| Statement of Financial |
Activities | |
| Balance sheet | ||
| Cash Flow Statement | 10 | |
| Notes to the Financial Statements | 11-18 |
| YEA | R ENDED 31 | AUGUST | 2023 | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2023 | 2022 | ||
| Note | f | f | |||
| INCOME FROM | |||||
| Voluntary income |
3 | 3,773 | 3,773 | 1,568 | |
| Charitable Activities |
3 | 568,336 | 568,336 | 585,473 | |
| Other Income- CJRS Grant | |||||
| TOTAL INCOME | 572)109 | 572,109 | 587,041 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
4/6 | (604,860) | (604,860) | (540,706) | |
| TOTAL EXPENDITURE | (604,860) | (604,860) | (540,706) | ||
| NET INCOME FOR | THE | ||||
| YEAR | 7 | (32,751) | (320751) | 46,335 | |
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward |
1,275,856 | 1,275,856 | 1,229,521 | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 1,243,105 | 1,243,105 | 1,275,856 |
| AS AT | 31 AUGUST 2 | 023 | |||
|---|---|---|---|---|---|
| f'IXED ASSFTS. | 2023 | 2022 | |||
| Note | f. | ||||
| I'reehold Property Tangible assets |
9 9 |
1,151,346 7,721 |
1,151,346 10,205 |
||
| CURRENT ASSETS | |||||
| Cash at bank and in hand | 10 | 141,558 | 169,022 | ||
| 141,558 | Idr),022 | ||||
| CREDITORS: Amounts ;t ear |
falling duc within | one 11 |
(57,520) | (54,807) | |
| NFT CURRENT ASSETS | 84,038 | 114,215 | |||
| TOTAL ASSETS LESS | C(IRlfENT LIAI)ILITII.S | 1&243,105 | 1,275,8(6 | ||
| NET ASSETS | 1,243, 105 | I,'&75,856 | |||
| I&UNDS Ul&l'cstftctcrl II&col&te funds |
12 | 1)243,105 | I.&7(,8(6 | ||
| TOTAL FUNDS | I)243,105 | 1,27(.856 |
| 2023 | 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| f | |||||||||
| RECONCILIATION | OFNET INCOMING/(OUTGOING) | RESOURCES | BEFORE | ||||||
| TRANSFERS TO NET CASH INFLOW/(OUTFLOW) | FROM OPERATING | ||||||||
| ACTIVITIES | |||||||||
| Net incoming/(outgoing) | resources before | transfers | (32,751) | 46,335 | |||||
| Depreciation | 2,574 | 3,431 | |||||||
| Decrease/(Increase) in |
debtors | ||||||||
| Increase/(Decrease) in |
creditors | 2,713 | 7,120 | ||||||
| Net cash inflow/(outflow) fi.om operating |
activities | (27,464) | 56,886 | ||||||
| CAPITAL EXPENDITURE | |||||||||
| Payments to acquire tangible |
fixed assets | ||||||||
| Net cash outflow from | capital | expenditure | |||||||
| Cash inflow/(outflow) | before | financing | (27,464) | 56,886 | |||||
| FINANCING | |||||||||
| Net outflow from other | loans | (14,999) | |||||||
| Net cash outflow from |
financing | (14,999) | |||||||
| INCREASE/(DECREASE) | IN CASH | (27)464) | 41,887 | ||||||
| RECONCILIATION | OFNET CASH FLOW MOVEMENT | TO MOVEMENT | |||||||
| IN NET FUNDS | |||||||||
| 2023 | 2022 | ||||||||
| f | |||||||||
| Increase/(Decrease) in |
cash in | the period | (27&464) | 41,887 | |||||
| Cash outflow from other loans | 14,999 | ||||||||
| Change in net funds |
(27,464) | 56,886 | |||||||
| Net debt at l September | 2022 | 169,022 | 112,136 | ||||||
| Net funds at 31 August | 2023 | 141,558 | 169,022 | ||||||
| ANALYSIS OF CHANGES | IN NET FUNDS | ||||||||
| 1Sep 22 | Cash flows f |
31Aug 23 | |||||||
| Cash at bank | 169,022 | (27,464) | 141,558 | ||||||
| 169,022 | (27,464) | 141,558 |
| 2A Detaile | d | notes | for thc | statcntcnt ofiinnncinl a |
ctivities | ||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | |||||||
| unrestricted | Restricted | Total | |||||||
| ~in omc From | |||||||||
| Oonahons | 3,773 | 3773 | |||||||
| School Fees | 568,336 | 568,336 | |||||||
| Total incoute | 572,109 | 572,109 | |||||||
| Chahtable Acttvtttes |
604,860 | 604,860 | |||||||
| Total espcnditure | 604,860 | 604,860 | |||||||
| Net inco use | / | (espendi lure) | (32,751) | (32,751) | |||||
| Net income | / | (espetulilure) | before other recognised | gains aad | |||||
| losses | (32,75I) | (32,751) | |||||||
| Nct muvcment | ln funds | (32,751) | (32,751) | ||||||
| Totul I'unde |
brought | fohvard | 1/75,856 | 3475,856 | |||||
| Total funds | carricd | forward | 1,243,105 | 1,243,nl5 |
| 20 Detailed | coniparalh | coniparalh | ex for thc ~tntenicnt | ex for thc ~tntenicnt | offinnncial | offinnncial | activities | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2022 | 2022 | ||||||||
| tinreslricted | Restricted | Total | ||||||||
| income From | ||||||||||
| Donations | )468 | 1,568 | ||||||||
| School Fees | 585,473 | 585,473 | ||||||||
| Total income | 587,041 | 587,041 | ||||||||
| s | ||||||||||
| Ohantablc Acuviues |
540,706 | 540,706 | ||||||||
| Total expenditure Viali mome / (expenditure) |
540,706 46.335 |
540,7116 46,335 |
||||||||
| iVet income | /(expenditure) | before other recognised | gains | and | ||||||
| losses | 46.335 | 46435 | ||||||||
| iVet movenicnt in funds |
46,335 | 46,335 | ||||||||
| Totul funds | bmught | tbnvanl | 1,229,521 | 1,229,521 | ||||||
| Total funds | carried | forward | 1,275,856 | 1,275,tl56 |
| INCOME FROM | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |
| Funds | Funds | 2023 | 2022 | |
| 0 | ||||
| School Fees | 568,336 | 568,336 | 585,473 | |
| Donation | 3,773 | 31773 | 1,568 | |
| 5721109 | 572,109 | 587,041 |
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| f | f | ||||
| Light and Heat | 18,208 | 18,208 | 6,623 | ||
| Printing, Postage, |
Stationary | 3,237 | 3,237 | 4,302 | |
| School Books | 2,877 | 2,877 | 1,031 | ||
| Exam Fees | 13,150 | 13&150 | 9,410 | ||
| Telephone & Internet | 2,175 | 2&175 | 1,470 | ||
| Repairs &Maintenance | 902 | 902 | 3,925 | ||
| Wages and Salaries | 517,080 | 517,080 | |||
| Insurance | 6,099 | 6,099 | 5,600 | ||
| Rates | 2,528 | 2,528 | 2,298 | ||
| Donation Grant Cost |
475 | 475 | 667 | ||
| Travel | 4&018 | 4,018 | 435 | ||
| Sundry Expenses | 2&136 | 2,136 | 1,543 | ||
| Computer Maintenance |
13,567 | 13,567 | 11,460 | ||
| Depreciation | 2,574 | 2,574 | 3,431 | ||
| Professional Fees |
10,113 | 10,113 | 16,404 | ||
| Bank Charges | 1,601 | 1,601 | 1,737 | ||
| Independent Examiner Fees |
1,620 | 1,620 | 3,120 | ||
| Ofsted Inspection | Fees | ~2500 | ~2500 | I 999 | |
| ~604 860 | ~604 860 | 540.706 |
| En | En | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| n | |||||||||
| Direct Costs | t3 | n' | n | n | 2023 Tntnl | 2022 Tnlnl | |||
| f | |||||||||
| Light and Heat | 18,208 | 18,208 | 6,623 | ||||||
| Printing, Postage, Stationary |
3237 | 3,237 | 4,302 | ||||||
| School Books | 2,877 | 2,877 | 1,03 I | ||||||
| Exam Fees | 13,150 | 13,150 | 9,410 | ||||||
| Telephone 2k Internet |
2,175 | 2,175 | 1,470 | ||||||
| Repairs k. Maintenance | 902 | 902 | 3,925 | ||||||
| Wages and Salaries | 517,080 | 517,080 | 465,251 | ||||||
| Insurance | 6,099 | 6,099 | 5,600 | ||||||
| Rates | 2,528 | 2)528 | 2,298 | ||||||
| Donation Grant Cost |
475 | 475 | 667 | ||||||
| Travel | 4,018 | 4,018 | 435 | ||||||
| Sundry Expenses |
2,136 | 2,136 | 1,543 | ||||||
| Computer Maintenance |
13,567 | 13,567 | 11,460 | ||||||
| Depreciation ~ntc I |
2,574 | 2,574 | 3,431 | ||||||
| Professional Fees |
10,113 | 10,113 | 16,404 | ||||||
| Bank Charges | 1,601 | 1,601 | 1,737 | ||||||
| Independent Examiner Fees |
1,620 | 1,620 | 3,120 | ||||||
| Ofsted Inspection | Fees | 2,500 | 2,500 | 1,999 | |||||
| 589,026 | 15,834 | 604,860 | 540,706 | ||||||
| 7. | NET INCOME FOR THE YEAR | ||||||||
| This is stated atter | charging: | ||||||||
| 2023 | 2022 | ||||||||
| f | |||||||||
| Depreciation | 2&574 | 3,431 | |||||||
| Independent Examiner' |
remuneration | 1,620 | 1,620 |
| Total staff | costs wer | e as follows: | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| f. | |||||
| Wages and | salaries | 517,080 | 465,251 | ||
| 517,080 | 465,251 | ||||
| The average | monthly | number ofemployees | during | the year was as follows: | |
| 2022 | 2022 | ||||
| No | No | ||||
| Number of | staff | 34 | 30 |
| Freehold | Fixtures | Equipment | Total | |||
|---|---|---|---|---|---|---|
| Property | &Fittings | |||||
| 8 | ||||||
| COST | ||||||
| At | 1 September | 2022 | 1,151,346 | ]33,006 | 71,520 | 1,355,872 |
| Additions | ||||||
| At | 31August | 2023 | ||||
| DEPRECIATION | ||||||
| At | 1 September | 2022 | 124,698 | 69,533 | 194,231 | |
| Charge for the | year | 2,077 | 497 | 2,574 | ||
| At | 31August | 2023 | ||||
| NET BOOK VALUE | ||||||
| At | 31August 2023 | |||||
| At | 31 August 2022 |
| 10.C | ASH AT BANK | |||||
|---|---|---|---|---|---|---|
| Total 2023 | Total 2022 | |||||
| f | ||||||
| Cash | at bank | 141,558 | 169,022 | |||
| 11. | CREDITORS: Amounts | falling | due within | one year | ||
| 2023 | 2022 | |||||
| f | ||||||
| School Fees Deposits | 381750 | 40,250 | ||||
| Accruals | 1,620 | 1,620 | ||||
| C red itors | 17,150 | 12,937 | ||||
| 57,520 | 54,807 |
| 12. MOVEME | NT IN FUNDS | ||||
|---|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
| 1 Sept 2022 f |
Resources | Resources f |
31Aug 2023 f |
||
| Unrestricted | 1475)856 | 5720109 | (604,860) | 1,243,105 | |
| Fund |
| ANALYSIS | OF NET ASSE | TS BETWEEN FUNDS | ||
|---|---|---|---|---|
| Net assets/ (liabilities) f |
Total 2023 f |
Total 2022 | ||
| Unrestricted | Income Funds | 1,243,105 | 1,243,105 | 1,275,856 |
| Total Funds | 1,243,105 | 1,243,105 | 1,275,856 |
| Total Unrestricted | Total 2022 | ||
|---|---|---|---|
| Funds 2023 | |||
| f | |||
| Tangible | Fixed Assets | 1,159,067 | 1,161,641 |
| Current | Assets | 141,558 | 169,022 |
| Current | Liabilities | (57,520) | (54,807) |
| Total | ~1243 105 | 1.275 856 |