| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 12 |
| Report ofthe Independent Auditors |
13 | to | 15 |
| Statement ofFinancial Activities | 16 | ||
| Statement ofFinancial Position | 17 | to | 18 |
| Statement ofCash Flows | 19 | ||
| Notes to the Statement ofCash Flows | 20 | ||
| Notes to the Financial Statements | 21 | to | 32 |
| Detailed Statement ofFinancial Activities | 33 | to | 34 |
| Sincerity | Patience | Generosity | Etiquette s |
|---|---|---|---|
| Sincerity | Honesty | Resilience | Etiquettes |
| Sincerity | Empathy | Courage | Etiquette s |
| Sincerity | Gratitude | Creativity | Etiquettes |
| Sincerity | Taking Ownership | Communicator | Etiquette s |
| Sincerity | Modesty | Respect | Etiquettes |
| Sincerity | Visionary | Contributor | Etiquettes |
| FOR | THE PERIOD 1S | EPTE | MBER2021T | O31DEC | EMBER2022 | |
|---|---|---|---|---|---|---|
| Period | ||||||
| 1/9/21 | ||||||
| to | Year Ended | |||||
| 31/12/22 | 31/8/21 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | 8 | |||||
| INCOME FROM | ||||||
| Donations | 2 | 280,017 | 280,017 | 211,156 | ||
| Charitable activities |
||||||
| Education | 5 | 275,155 | 275,155 | 315,732 | ||
| Other Charitable Activities |
3 | 25,605 | 25,605 | 21,340 | ||
| Investment income Gain on Sale ofFixed |
Asset | 4 9 |
238,501 2,484 643 |
238,501 2 484 643 |
210,194 | |
| Total | 3,303921 | 3403,921 | 758422 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 6 | 101,451 | 101,451 | 59,795 | ||
| Charitable activities |
||||||
| Foundation Education |
7 | 572,553 544,103 |
20,852 - |
593,405 544,103 |
459,055 318,328 |
|
| Total | 1,218,107 | 20852 | 1,238959 | 837,178 | ||
| NET INCOME/(EXPENDITURE) Transfers between funds |
20 | 2,085,814 ~330) |
(20,852) 3311 |
2,064,962 | (78,756) | |
| Net movement in funds |
2,085,484 | (20,522) | 2,064,962 | (78,756) | ||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought forward |
9,749,794 | 20,522 | 9,770316 | 9,849,072 | ||
| TOTAL FUNDS CARRIED FORWARD | 11835270 | 11,835278 | 9770,316 |
| 31.12.22 | 31.8.21 | ||
|---|---|---|---|
| FIXEDASSETS | Notes | g | |
| Tangible assets Investment property Long Term Investment |
14 15 17 |
8,225,427 3750,000 |
8,453,166 5,000,000 |
| 11,975,427 | 13,453,166 | ||
| CURRENT ASSETS | |||
| Debtors Cash at bank and in hand |
16 | 232,159 3026 127 |
171,385 360,297 |
| 3,258,286 | 531,682 | ||
| CREDITORS | |||
| Amounts falling due within one year |
18 | (3,398,435) | (4,214,532) |
| NKT CURRENT LIABILITIES | 4240,249) | ~3,682,850 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 11,835478 | 9,770,316 | |
| NET ASSETS | 11835278 | 9,770,316 |
| FORTHE | PE | RIOD 1SEPTEMB | ER2021TO31DECEMBE | R 2022 |
|---|---|---|---|---|
| Period | ||||
| 1/9/21 | ||||
| to | Year Ended | |||
| 31/12/22 | 31/8/21 | |||
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated from operations |
1 | ~1,068 813) | ~539,837) | |
| Nct cash used in operating activities | )7 068 813) | ~539,837) | ||
| Cash flows from investing | activities | |||
| Sale oftangible fixed assets Saleoffixed asset investments |
3,734,643 | 18,000 200 |
||
| Net cash provided by investing | activities | 3,734,643 | 18,200 | |
| Change in cash and cash equivalents | ||||
| in the reporting period Cash and cash equivalents |
at | the | 2,665,830 | (521,637) |
| beginning ofthe reporting |
period | ~360 97 | 881,934 | |
| Cash and cash equivalents | at | the end | ||
| ofthe reporting period |
3,026,127 | 360,297 |
| Period | ||||||
|---|---|---|---|---|---|---|
| I/9/21 | ||||||
| to | Year Ended | |||||
| 31/12/22 | 31/8/21 | |||||
| Net income/(expenditure) for the reporting Statement ofFinancial Activities) Adjustments for: |
period (as per the | 2,064,962 | (78,756) | |||
| Depreciation | charges | 227,739 | 171,072 | |||
| Gain on investments (Profit)/loss on disposal offixed assets Increase in debtors Decrease in creditors |
(2,484,643) (60,774) ~81609 |
(100) 12,000 (60,666) ~383,387) |
||||
| Net cash used in operations | ~7060813) | ~539,837 | ||||
| ANALYSIS | OF CHANGES IN NET FUNDS | |||||
| At 1/9/21 | Cash flow | At 31/12/22 | ||||
| f. | ||||||
| Net cash | ||||||
| Cash at bank | and in hand | 360,297 | 2,665030 | 3,026,127 | ||
| ~360 | 97 | 2 665,830 | 3,026 127 | |||
| Liquid resources | ||||||
| Current asset | investments | 3,750,000 | 3,75tl 000 | |||
| 3,750000 | 3750,000 | |||||
| Total | 360297 | 6,415830 | 6,776,127 |
| Period | |||||
|---|---|---|---|---|---|
| 1/9/21 | |||||
| to | Year Ended | ||||
| 31/12/22 | 31/8/21 | ||||
| Foundation | Income | 280,017 | 211,156 | ||
| 3. | OTHER CHARITABLE ACTIVITIES | ||||
| Period | |||||
| 1/9/21 | |||||
| to | Year Ended | ||||
| 31/12/22 | 31/8/21 | ||||
| Other Fundraising | Activities | 20,440 | 17,396 | ||
| Gift aid fmm HMRC | ~5165 | 3,944 | |||
| 25,605 | 21,340 | ||||
| 4. | INVESTMENT | INCOME | |||
| Period | |||||
| 1/9/21 | |||||
| to | Year Ended | ||||
| 31/12/22 | 31/8/21 | ||||
| Rents receivable Loss on Sale ofInvestment |
238,501 | 210,294 ~100) |
|||
| 238,501 | 210,194 |
| Period | |||||
|---|---|---|---|---|---|
| 1/9/21 | |||||
| to | Year Ended | ||||
| 31/12/22 | 31/8/21 | ||||
| Activity | |||||
| Other Primary School | |||||
| Income | Education | 31,480 | 34,095 | ||
| Fees Receivable | Education | 243,675 | 281,637 | ||
| 275,155 | 315,732 | ||||
| 6. | RAISING FUNDS | ||||
| Raising donations | and legacies | ||||
| Period | |||||
| 1/9/21 | |||||
| to | Year Ended | ||||
| 31/12/22 | 31/8/21 | ||||
| General Fundraising | Events | 101,451 | 59,795 | ||
| 7. | CHARITABLE ACTIVITIES COSTS | ||||
| Support | |||||
| Direct | costs (see | ||||
| Costs | note 8) | Totals | |||
| 5 | |||||
| Foundation Education |
604,695 537971 |
(11+90) 6,132 |
593,405 544,103 |
||
| 1,142666 | ~(5,158 | 1,137595 |
| Period | |||
|---|---|---|---|
| 1/9/21 | |||
| to | Year Ended | ||
| 31/12/22 | 31/8/21 | ||
| Auditors' remuneration Auditors' remuneration for non audit work Depreciation - owned assets (Surplus)/deficit on disposal offixed assets |
7,500 1,031 227,739 ~2,484,643) |
6,736 2,196 171,072 12,000 |
| STAF | F COSTS | ||
|---|---|---|---|
| Period | |||
| 1/9/21 | |||
| to | Year Ended | ||
| 31/12/22 | 31/8/21 | ||
| Wages Other |
and salaries pension costs |
349,740 ~495 |
323,940 5,061 |
| 354,035 | ~329001 |
| Period | Period | ||||||
|---|---|---|---|---|---|---|---|
| 1/9/21 | |||||||
| to | Year Ended | ||||||
| 31/12/22 | 31/8/21 | ||||||
| Engaged on Charitable | Activities | 28 | 28 | ||||
| Engaged on Management | I | 1 | |||||
| 29 | 29 | ||||||
| No employees received |
emoluments | in excess of860,000per annum. | |||||
| 12. | COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES | 31AUG 2021 | |||||
| Unrestricted | Restricted | Total | |||||
| fund | fund | funds | |||||
| INCOME FROM | g | ||||||
| Donations | 211,156 | 211,156 | |||||
| Charitable activities |
|||||||
| Education | 315,732 | 315,732 | |||||
| Other Charitable Activities Investment income |
21,340 210,194 |
21,340 210,194 |
|||||
| Total | 758,422 | 758,422 | |||||
| EXPENDITURE ON | |||||||
| Raising funds | 59,795 | 59,795 | |||||
| Charitable activities |
|||||||
| Foundation Education |
459,055 318328 |
459,055 318,328 |
|||||
| Total | 837,178 | 837,178 | |||||
| NET INCOME/(EXPENDITURE) | (78,756) | (78,756) | |||||
| RECONCILIATION | OFFUNDS | ||||||
| Total funds bmught forward |
9,828,550 | 20,522 | 9,849,072 |
| Unrestricted | Restricted | Total |
|---|---|---|
| fund | fund | funds |
| g | ||
| 9749,794 | 20,522 | 9,770,316 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Fixtures | |||
| Freehold | and | ||
| property | fittings | Totals | |
| COST | |||
| At 1 September 2021 and | |||
| 31December 2022 | 8,959,950 | 7,624 | 0967,574 |
| DEPRECIATION | |||
| At 1 September 2021 Charge for year |
510,000 226 667 |
4,408 1,072 |
514,408 227,739 |
| At 31December 2022 | 736,667 | 5,480 | 742,147 |
| NET BOOKVALUE | |||
| At 31December 2022 | 8,223,283 | 2,144 | 0,225 427 |
| At 31 August 2021 | 8,449,950 | 3,216 | 8,453,166 |
| INVESTMENT PROPERTY | |
|---|---|
| FAIR VALUE | |
| At 1 September 2021 | 5,000,000 |
| Disposal s | ~5000 000 |
| At 31December 2022 | |
| NET BOOKVALUE | |
| At 31December 2022 | |
| At 31August 2021 | 5,000,000 |
| 16. | DEBTORS: | AMOUNTS FALLING DUE WITHIN | ONE YEAR | |
|---|---|---|---|---|
| 31.12.22 | 31.8.21 | |||
| f | ||||
| Trade debtors | 188,171 | 80,044 | ||
| Other debtors | 43,988 | |||
| Prepayments | and accrued income | 91341 | ||
| ~232 159 | 171,385 | |||
| 17. | LONG TERM INVESTMENTS | |||
| 31.12.22 | 31.8.21 | |||
| f | ||||
| Other | 3,750 000 |
| CREDITORS: AMOUNTS FALLING DUE WIT | HIN ONE YEAR | |
|---|---|---|
| 31.12.22 | 31.8.21 | |
| Trade creditors Social security and other taxes VAT |
264,324 6,869 16,933 |
43,533 7,563 38,396 |
| Other creditors Accruals and deferred income Accrued expenses |
2,995,989 54,130 60,190 |
3,985,970 108,142 30,928 |
| 3,398,435 | 4,214,532 |
| 19. | ANALYSIS | OFNET ASSETSB | ETWEEN FUNDS | |||
|---|---|---|---|---|---|---|
| 31.12.22 | 31.8.21 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Fixed assets Investments Curr6mt assets Current liabilities |
8,225,427 3,750,000 3,258„286 (3898435) |
8,225,427 3,750,000 7,008,286 ~3,300 435 |
8,453,166 5,000,000 531,682 ~4214,532) |
|||
| 11,835278 | 11835278 | 9,770,316 | ||||
| 20. | MOVEMENT IN FUNDS | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1/9/21 | in funds | funds | 31/12/22 | |||
| Unrestricted | funds | |||||
| General fund | 9,749,794 | 2,085,814 | (330) | 11,835878 | ||
| Restricted funds | ||||||
| Restricted Funds | 20,522 | (20,852) | 330 | |||
| TOTAL FUNDS | 9,770,316 | 2 064,962 | - | 11835270 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted funds |
||||||
| General fund | 2,053,921 | (1,218,107) | 1,250,000 | 2,085,814 | ||
| Restricted funds | ||||||
| Restricted Funds | (20,$52) | (20,852) | ||||
| TOTAL FUNDS | 2,053,921 | ~72309591 | 1,250,000 | 2,064 962 | ||
| Comparatives for movement |
in funds | |||||
| Net | ||||||
| movement | At | |||||
| At 1/9/20 | in funds | 31/8/21 | ||||
| Unrestricted funds |
||||||
| General fund | 9,828,550 | (78,756) | 9,749,794 | |||
| Restricted funds | ||||||
| Restricted Funds | 20,522 | 20,522 | ||||
| TOTAL FUNDS | 9,849 072 | ~478 756 | 9,770,316 | |||
| Comparative net movement |
in | funds, included | in the above | are as follows: | ||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted funds |
||||||
| General fund | 758,422 | (837,178) | (78,756) | |||
| TOTAL FUNDS | 758,422 | ~837,178) | ~78,756) |
| FOR THE PERIOD ISEPTEMBER2 | 021TO 31DECEMBER 2022 | |
|---|---|---|
| Period | ||
| 1/9/21 | ||
| io | ||
| 31/12/22 | 31/8/21 | |
| INCOME | ||
| Donations | ||
| Foundation Income |
280,017 | 211,156 |
| Other Charitable Activities |
||
| Other Fundraising Activities Gift aid from HMRC |
20,440 5165 |
17,396 3944 |
| 25,605 | 21,340 | |
| Investment income |
||
| Rents receivable Loss on SaleofInvestment |
238,501 | 210,294 ~100) |
| 238,501 | 210,194 | |
| Charitable activities |
||
| Other Primary School Income Fees Receivable |
31,480 243,675 |
34,095 281,637 |
| 275,155 | 315,732 | |
| Other income | ||
| Gain on sale oftangible fixed assets | 3,454 643 | |
| Total incoming resources | 3,303,921 | 758,422 |
| EXPENDITURE | ||
| Raising donations and legacies |
||
| General Fundraising Events |
101,451 | 59,795 |
| Charitable activities |
||
| Wages Pensions Educational Resources Educational Resources —Under provision Insurance Carried forward |
349,740 4,295 165/67 137,634 22,609 679,545 |
323,940 5,061 20,611 12,454 362,066 |
| FORT | HE PERIOD 1SEPTEMBER20 | 21TO31DECEMBER 2022 | |
|---|---|---|---|
| Period | |||
| 1/9/21 | |||
| to | |||
| 31/12/22 | 31/8/21 | ||
| f. | |||
| Charitable activities |
|||
| Brought forward | 679,545 | 362,066 | |
| Light and heat | 3,558 | 17,692 | |
| Repairs and Renewals | 3,74$ | 25,012 | |
| Computer Maintenance |
882 | 598 | |
| Other Office Expenses | 9@14 | 16,932 | |
| Charity Events | 140,771 | 118,661 | |
| Other Rental Expenses | 77,109 | 19,792 | |
| Plant and machinery | 227,739 | 171,072 | |
| Loss on sale oftangible | fixed assets | 12,000 | |
| Training and Courses |
610 | ||
| 1,142,666 | 744,435 | ||
| Support costs | |||
| Management | |||
| Telephone | 15603 | 1,106 | |
| Finance | |||
| Legal and Professional BadDebts Bank charges |
Fees | 12344 (31,597) 3021 |
23,854 (4,233) 1 752 |
| (16,232) | 21,373 | ||
| Other | |||
| Rates snd water | 661 | 510 | |
| Cleaning | 279 | 1,027 | |
| 940 | 1,537 | ||
| Governance costs |
|||
| Auditors' remuneration Auditors' remuneration |
for non audit work | 7,500 1,031 |
6,736 2 196 |
| 8,531 | 8,932 | ||
| Total resources expended | 1230,959 | 837,178 | |
| Nct income/(expenditure) | 2,066962 | ~78 7567 |