| CONTENTS | Page | ||
|---|---|---|---|
| Company information |
|||
| Trustees' Report |
2 —11 | ||
| Report ofthe independent auditors |
12-14 | ||
| Consolidated statement |
offinancial | activities | 15 |
| Group and Foundation | balance sheets | 16 | |
| Consolidated statement |
ofcash flows and notes | 17 | |
| Notes to the financial | statements | 18-35 |
| Unrestricted | Endowment | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |||
| INCOME AND | Note | ||||||
| ENDOWMENTS | |||||||
| FROM: | |||||||
| Charitable Activities: Net fees receivable Other educational income Investments Donations and Legacies |
1,260,475 26,566 120 |
18,354,763 1,511,606 197,962 981,806 |
19,615,238 1,538,172 197,962 981,926 |
18,877,478 1,377,124 27,582 968,264 |
|||
| Total Income | 1,287, 161 | 21,046,137 | 22,333,298 | 21,250,448 | |||
| EXPENDITURE ON: | |||||||
| Charitable Activities |
6 | 2,145,083 | 438,232 | 18,456,938 | 21,040,253 | 19,497,676 | |
| Total Expenditure | 2,145,083 | 438,232 | 18,456,938 | 21,040,253 | 19,497,676 | ||
| Net | |||||||
| income/(expenditure) before investment |
losses | (857,922) | (438,232) | 2,589,199 | 1,293,045 | 1,752,772 | |
| Investment (losses) |
(58) | ||||||
| Net | |||||||
| income/(expenditure) before transfers |
(857,922) | (438,232) | 2,589,199 | 1,293,045 | 1,752,714 | ||
| Transfers | 14 | 855,056 | (855,056) | ||||
| Net movement in funds |
(857,922) | 416,824 | 1,734, 143 | 1,293,045 | 1,752,714 | ||
| Total funds brought 1 September 2022 |
forward | 3,070,305 | 12,916,276 | 13,568,636 | 29,555,217 | 27,802,503 | |
| Total funds carried |
|||||||
| forward at 31 August 2023 |
14 | 2,212,383 | 13,333,100 | 15,302,779 | 30,848,262 | 29,555,217 |
| AT 31 AUGUST 2023 | ||||||
|---|---|---|---|---|---|---|
| Group | Foundation | |||||
| 2023 | 2022 | 2023 | 2022 | |||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible fixed assets | 8 | 29,962,273 | 24,961,292 | 3,953,679 | 4,023,672 | |
| Investments | 9 | |||||
| 29,962,273 | 24,961,292 | 3,953,679 | 4,023,672 | |||
| CURRENT ASSETS Debtors Cash and cash equivalents |
10 | 535,168 7,512,513 |
341,476 10,492,107 |
5,627 284,734 |
25,156 225,207 |
|
| 8,047,681 | 10,833,583 | 290,361 | 250,363 | |||
| CREDITORS: amounts within one year |
falling due | 11 | (6,981,692) | (4,831,980) | (2,018,712) | (485,392) |
| NET CURRENT ASSETS | 1,065,989 | 6,001,603 | (1,728,351) | (235,029) | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES |
31,028,262 | 30,962,895 | 2,225,328 | 3,788,643 | ||
| CREDITORS: amounts after more than one year |
falling due | 12 | (180,000) | (1,407,678) | (700,000) | |
| TOTAL NET ASSETS | 13 | 30,848,262 | 29,555,217 | 2,225,328 | 3,088,643 | |
| UNRESTRICTED FUNDS | 14 | 2,212,383 | 3,070,305 | 2,212,383 | 3,070,305 | |
| RESTRICTED FUNDS | 14 | 15,302,779 | 13,568,636 | 12,945 | 18,338 | |
| ENDOWMENT FUND |
14 | 13,333,100 | 12,916,276 | |||
| TOTAL FUNDS | 30,848,262 | 29,555,217 | 2,225,328 | 3,088,643 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Net cash inflow from operations: Net cash provided by operations |
2,297, 197 | 2,952,986 | |||||
| Cash flows from investing activities: Income from investments |
1,495 | ||||||
| Interest received | 197,962 | 26,087 | |||||
| Proceeds from sale of investments | 129,984 | ||||||
| Payments to acquire tangible fixed assets |
(5,501,397) | (1,344,813) | |||||
| Net cash used in investing activities |
(5,303,435) | (1,187,247) | |||||
| Cash flows from financing activities: Finance costs |
(165,123) | (162,162) | |||||
| Bank loan repayments Bursary Fund loan repayments New Bursary Fund loan |
(258,233) 450,000 |
(488,169) (500,000) |
|||||
| Net cash provided by/(used in) financing |
activities | 26,644 | (1,150,331) | ||||
| Change in cash and cash equivalents |
in | the reporting | period | (2,979,594) | 615,408 | ||
| Net cash and cash equivalents at beginning |
ofperiod | 10,492,107 | 9,876,699 | ||||
| Net cash and cash equivalents at end ofperiod |
7,512,513 | 10,492,107 | |||||
| A. | RECONCILIATION OF NET MOVEMENT IN FUNDS TO |
2023 | 2022 | ||||
| NET CASH INFLOW FROM OPERATIONS | |||||||
| Net movement in funds Depreciation charges Loss on investment Increase in debtors |
1,293,045 697,898 (193,691) |
1,752,714 701,777 58 (113,334) |
|||||
| Increase in creditors | 532,784 | 477,191 | |||||
| Investment income and interest received |
(197,962) | (27,582) | |||||
| Finance costs | 165,123 | 162,162 | |||||
| Net cash inflow from operations | 2,297,197 | 2,952,986 | |||||
| B. | ANALYSIS OF CHANGES IN NET | DEBT At |
1 September | Other | At 31August | ||
| 2022 | Cashflows | Changes | 2023 | ||||
| Cash and cash equivalents Cash Deposit accounts |
2,882, 107 7,610,000 |
(1,369,594) (1,610,000) |
1,512,513 6,000,000 |
||||
| Borrowings Debt due within one year Debt due after one year |
10,492,107 (758,233) (1,380,000) |
(2,979,594) (191,767) |
(1,200,000) 1,200,000 |
7,512,513 (2, 150,000) (180,000) |
|||
| (2,138,233) | (191,767) | (2,330,000) | |||||
| Total | 8,353,874 | (3,171,361) | 5,182,513 |
| 2. | NKT FEES RECEIVABLE | 2023 | 2022 | |||
|---|---|---|---|---|---|---|
| Net fees receivable consist of: | ||||||
| Gross fees receivable Fees given as scholarships Fees given as bursaries Fee remission for staff |
21,563,569 (98,832) (1,877,072) (34,640) |
20,676,987 (103,536) (1,718,181) (71,578) |
||||
| Fee discounts | (33,250) | |||||
| 19,519,775 | 18,783,692 | |||||
| Add: Bursaries paid by restricted | funds | 95,463 | 93,786 | |||
| Payable by parents (net ofscholarships | and bursaries) | 19,615,238 | 18,877,478 | |||
| 3. | OTHER EDUCATIONAL | INCOME | 2023 | 2022 | ||
| School lunch income Music, Speech and Drama Educational income Registration fees Registration deposits forfeited Insurance commissions Management fees Lettings/hire income Sundry receipts |
659,950 574,177 124,305 151,910 7,190 1,000 8,995 10,645 |
610,052 553,657 146,825 27,835 15,489 1,000 22,125 141 |
||||
| 1,538,172 | 1,377,124 | |||||
| 4. | INCOME FROM INVESTMENTS | 2023 | 2022 | |||
| Elizabeth Godolphin Fund Deposit interest |
197,962 | 26,062 | ||||
| Prize Fund Dividends and interest |
1,495 | |||||
| Other interest | 25 | |||||
| 197,962 | 27,582 |
| 5. | DONATIONS AND LEGACIES |
DONATIONS AND LEGACIES |
2023 | 2022 | ||
|---|---|---|---|---|---|---|
| Unrestricted Funds: Other donations |
120 | 2,120 | ||||
| 120 | 2, 120 | |||||
| Restricted Funds: | ||||||
| Elizabeth Godolphin Fund Annual fund receipts Godolphin and Latymer School Bursary Fund Bursaries —Godolphin and Latymer School Bursary Fund —Redcliffe Prize Fund Donations |
157,250 729,843 69,255 24,708 750 |
60,000 803,358 69,255 23,531 2,000 8,000 |
||||
| Total restricted funds |
981,806 | 966,144 | ||||
| Total | 981,926 | 968,264 | ||||
| 6. | ANALYSIS OF TOTAL | EXPENDITURE Staff costs |
Other costs | Depreciation | Total | |
| 2023 | 2023 | 2023 | 2023 | |||
| Charitable Activities: |
||||||
| School Operating Costs: Prizes Teaching costs Welfare costs Premises costs Support and governance Finance costs |
costs | 11,661,535 326,090 336,166 2,768,998 |
8,800 902,278 888,094 2,135,020 1,054,788 165,123 |
66,272 631,626 |
8,800 12,630,085 1,214,184 3 102 812 3,823,786 165,123 |
|
| Bursaries from restricted | funds | 95,463 | 95,463 | |||
| 15,092,789 | 5,249,566 | 697,898 | 21,040,253 | |||
| Comparative analysis |
oftotal expenditure Staff costs |
Other costs | Depreciation | Total | ||
| 2022 | 2022 | 2022 | 2022 | |||
| Charitable Activities: |
||||||
| School Operating Costs: Prizes Teaching costs Welfare costs Premises costs Support and governance Finance costs |
costs | 11,011,185 133,146 298,503 2,466, 172 |
12,700 839,864 884,689 1,962,791 930,901 162,162 |
30,876 670,901 |
12,700 11,881,925 1,017,835 2,932,195 3,397,073 162,162 |
|
| Bursaries from restricted | funds | 93,786 | 93,786 | |||
| 13909,006 | 4,886,983 | 701,777 | 19,497,676 |
Teaching costs primarily follows: |
repres | ent depa |
rtmental an |
d related costs, Supp |
ort costs can be furthe |
r analysed as |
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Support and governance costs ofschooling Printing stationery and postage Telephone Advertising and recruitment Insurances Sundry expenses Legal and professional Courses and conferences Governance costs |
38,328 23,414 224,030 192,093 249,207 169,336 102,722 55,658 |
32,952 20,928 181,410 175,450 282,560 94,258 92,631 50,712 |
||||
| 1,054,788 | 930,901 | |||||
| Analysis of governance costs: Governors indemnity insurance Auditor's remuneration —for audit services for the |
School | 3,578 52,080 |
3,312 47,400 |
|||
| 55,658 | 50,712 | |||||
| STAFF COSTS | 2023 | 2022 | ||||
| Wages and salaries Social security costs Pension contributions Redundancy and termination |
payments | 11,494,939 1,317,644 2,194,247 85,959 |
10,560,465 1,239,470 2,089,071 20,000 |
|||
| 15,092,789 | 13,909,006 | |||||
| The average number ofpersons employed | by the group | during the year was: | 2023 | 2022 | ||
| Teaching staff Peripatetic and support Temporary staff |
staff | 136 101 8 |
146 105 2 |
|||
| 245 | 253 | |||||
| The number ofemployees who received remuneration |
off60,000 or greater, | in the following bands 2023 |
was: 2022 |
|||
| 660,000 - f70,000 K70,000 - $80,000 680,000 - f90,000 f90,000 - $100,000 |
26 14 4 4 |
25 10 8 |
||||
| f100,000 - f110,000 | 1 | |||||
| f110,000 - f120,000 | ||||||
| K120,000 - K130,000 | ||||||
| f160,000 - $170,000 | ||||||
| 6170,000 - K180,000 | ||||||
| f250,000 - f260,000 | ||||||
| K260,000 - 6270,000 |
| NGIBLE FIXEDA | SSETS | ||||||
|---|---|---|---|---|---|---|---|
| GROUP | |||||||
| Leasehold | Fixtures, | ||||||
| Freehold Property |
Property | Plant & Machinery |
& Equipment |
Assets under construction |
Astro Turf |
Total | |
| Cost or valuation At 1 September 2022 Additions at cost |
23,906,833 96,823 |
8,110,874 | 355,000 | 158,314 128,281 |
1,555,520 5,473,775 |
412,465 | 34,499,006 5,698,879 |
| At 31 August 2023 | 24,003,656 | 8,110,874 | 355,000 | 286,595 | 7,029,295 | 412,465 | 40,197,885 |
| Depreciation At 1 September 2022 Charge for year |
6,901,836 454,860 |
2,032,793 159,014 |
124,250 17,752 |
66,370 66,272 |
412,465 | 9,537,714 697,898 |
|
| At 31 August 2023 | 7,356,696 | 2,191,807 | 142,002 | 132,642 | 412,465 | 10,235,612 | |
| Net BookValue At 31 August 2023 |
16,646,960 | 5,919,067 | 212,998 | 153,953 | 7,029,295 | 29,962,273 | |
| At 31 August 2022 | 17,004,997 | 6,078,081 | 230,750 | 91,945 | 1,555,520 | 24,961,292 | |
| FOUNDATION | |||||||
| Leasehold | Fixtures, | ||||||
| Freehold Property |
Property | Plant & Machinery |
& Equipment |
Assets under construchon |
Astro Turf |
Total | |
| Cost or valuation At 1 September 2022 |
2,950,000 | 1,167,296 | 48,503 | 4,165,799 | |||
| Additions at cost |
|||||||
| At 31 August 2023 | 2,950,000 | 1,167,296 | 48,503 | 4,165,799 | |||
| Depreciation At 1 September 2022 Charge for year |
68,762 34,381 |
40,314 20,160 |
33,051 15,452 |
142,127 69,993 |
|||
| At 31 August 2023 | 103,143 | 60,474 | 48,503 | 212,120 | |||
| Net BookValue At 31 August 2023 |
2,846,857 | 1,106,822 | 3,953,679 | ||||
| At 31 August 2022 | 2,881,238 | 1,126,982 | 15,452 | 4,023,672 |
| FIXEDASSET INVESTMENTS | 2023 | 2022 |
|---|---|---|
| Group Balance at 1 September Disposal Realised loss on sale |
130,042 (129,984) (58) |
|
| Unrealised gains |
||
| Balance at 31 August |
| Group | Foundation | ||||||
|---|---|---|---|---|---|---|---|
| 10. | DEBTORS | 2023 | 2022 | 2023 | 2022 | ||
| School fees | 11,798 | 3,563 | 1,555 | ||||
| Prepayments and accrued income Other debtors |
484,785 38,585 |
284,003 53,910 |
1,559 2,513 |
20,241 4,915 |
|||
| 535,168 | 341,476 | 5,627 | 25,156 | ||||
| Group | Foundation | ||||||
| 11. | CREDITORS: due within | one year | 2023 | 2022 | 2023 | 2022 | |
| Bank loan (see note 12) Bursary Fund loan (see note Fees in advance |
12) | 2,150,000 314,832 |
258,233 500,000 527,495 |
1,650,000 | 61,804 | ||
| Registration deposits Other taxation and social security Other pensions |
1,300,200 484,653 283,997 |
1,496,760 321,309 249,999 |
164,449 42,163 |
203,760 22,278 18,383 |
|||
| Old Dolphins Association |
121,893 | 86,148 | |||||
| Text book deposits Accruals |
393,920 805,948 |
402,220 317,220 |
37,352 | 19,680 | |||
| Other creditors | 936,886 | 584,018 | 48,720 | 45,109 | |||
| Other creditors — Godolphin Latymer School Bursary Fund |
and | 189,363 | 88,578 | 76,028 | 39,566 | ||
| Amounts due to Godolphin Latymer School |
and | 74,812 | |||||
| 6,981,692 | 4,831,980 | 2,018,712 | 485,392 |
| CREDITO | R | S: | due after | more th | an one year | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Group | Foundation | |||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||
| Old Dolphins | Association | 27,678 | ||||||||
| Godolphin Fund loan |
and | Latymer | School | Bursary | 180,000 | 1,380,000 | 700,000 | |||
| 180,000 | 1,407,678 | 700,000 |
| SPLITOF | NET ASSETS BETWEEN FUND | S | ||
|---|---|---|---|---|
| Net current | ||||
| assets and | ||||
| GROUP | Fixed assets | long term debt | Total | |
| 2023 | 2023 | 2023 | ||
| Unrestricted | Funds | 3,953,679 | (1,741,296) | 2,212,383 |
| Restricted Funds | 11,995,494 | 3,307,285 | 15,302,779 | |
| Endowment | Funds | 14,013,100 | (680,000) | 13,333,100 |
| Balances at | 31 August 2023 | 29,962,273 | 885,989 | 30,848,262 |
| Contparative | split ofnet assets bet&veen fimds | |||
| Net current | ||||
| assets and | ||||
| GROUP | Fixed assets | long term debt | Total | |
| 2022 | 2022 | 2022 | ||
| Unrestricted | Funds | 4,023,672 | (953,367) | 3,070,305 |
| Restricted Funds | 6,583,111 | 6,985,525 | 13,568,636 | |
| Endowment | Funds | 14,354,509 | (1,438,233) | 12,916,276 |
| Balances at | 31 August 2022 | 24,961,292 | 4,593,925 | 29,555,217 |
| SPLITOF | NET ASSETSBETW | EEN FUNDS (conti | nued) | |
|---|---|---|---|---|
| Net current | ||||
| assets and | ||||
| FOUNDATION | Fixed assets | long term debt | Total | |
| 2023 | 2023 | 2023 | ||
| Unrestricted | Funds | 3,953,679 | (1,741,296) | 2,212,383 |
| Restricted Funds | 12,945 | 12,945 | ||
| Balances at | 31 August 2023 | 3,953,679 | (1,728,351) | 2,225,328 |
| Net current | ||||
|---|---|---|---|---|
| assets and | ||||
| FOUNDATION | Fixed assets | long term debt | Total | |
| 2022 | 2022 | 2022 | ||
| Unrestricted | Funds | 4,023,672 | (953,367) | 3,070,305 |
| Restricted | Funds | 18,338 | 18,338 | |
| Balances at | 31 August 2022 | 4,023,672 | (935,029) | 3,088,643 |
| 14. | FUND MOVEMENTS IN YEAR GROUP |
FUND MOVEMENTS IN YEAR GROUP |
Balance at 1 September 2022 |
Income | Expenditure | Transfers 4 investment gains/(losses) |
Balance at 31August 2023 |
|---|---|---|---|---|---|---|---|
| Unrestricted funds |
3,070,305 | 1,287, 161 | (2,145,083) | 2,212,383 | |||
| Restricted funds |
|||||||
| Godolphin and Latymer School: Elizabeth Godolphin Fund Designated —Annual Fund Prize fund Elizabeth Crane Fund |
11,214,837 2,206,308 113,486 15,667 |
20,221,581 729,843 |
(18,348,032) (8,800) |
(855,056) | 12,233,330 2,936,151 104,686 15,667 |
||
| Bursary Fund Bursaries |
69,255 24,708 |
(69,255) (24,708) |
|||||
| Foundation: | |||||||
| Bursary Fund -Redcliffe Travel grant fund Curriculum enrichment Fund Alumnae Programme (70'"Gala) Wellbeing programme (70'"Gala) Lego coding and science equipment |
750 2,637 1,637 5, 154 5,154 3,006 |
750 | (1,500) (1,637) (3,006) |
2,637 5,154 5, 154 |
|||
| 13,568,636 | 21,046,137 | (18,456,938) | (855,056) | 15,302,779 | |||
| Endowment Funds |
12,916,276 | (438,232) | 855,056 | 13333 100 | |||
| 29,555,217 | 22,333,298 | (21,040,253) | 30,848,262 | ||||
| Comparative fitnrl movements GROUP |
in year | Balance at 1 September 2021 |
Income | Expenditure | Transfers 4 investment gains/(losses) |
Balance at 31 August 2022 |
|
| Unrestricted funds |
3,552, 103 | 1,193,910 | (1,675,708) | 3,070,305 | |||
| Restricted funds |
|||||||
| Godolphin and Latymer School Elizabeth Godolphin Fund Designated —Annual Fund Prize fund Elizabeth Crane fund |
10,326,292 1,409,950 115,749 15,667 |
19,148,899 803,358 9,495 |
(17,272,185) (7,000) (11,700) |
(988,227) | 11,214,779 2,206,308 113,544 15,667 |
||
| Bursary Fund Bursaries |
69,255 23,531 |
(69,255) (23,531) |
|||||
| Foundation: Bursary Fund —Redcliffe Travel grant fund Curriculum enrichment fund Alumnae programme (70+Gala) Wellbeing programme (70'"Gala) Lego coding and science |
750 2,637 1,637 5, 154 5, 154 3,006 |
2,000 | (2,000) | 750 2,637 1,637 5, 154 5, 154 3,006 |
|||
| equipment | |||||||
| 11,885,996 | 20,056,538 | (17,385,671) | (988,227) | 13,568,636 | |||
| Endowment Funds |
12,364,404 | (436,297) | 988,169 | 12,916,276 | |||
| 27,802,503 | 21,250,448 | (19,497,676) | (58) | 29,555,217 |
| FUND MOVEMENT | S | IN YE | AR (C | ontinued) | ||||
|---|---|---|---|---|---|---|---|---|
| FOUNDATION | Balance at 1 September 2022 |
Income | Expenditure | Transfers 4 investment gains/(losses) |
Balance at 31August 2023 |
|||
| Unrestricted funds |
3,070,305 | 1,287, 161 | (2, 145,083) | 2,212,383 | ||||
| Restricted funds |
||||||||
| Bursary fund -Redcliffe Travel grant fund |
750 2,637 |
750 | (1,500) | 2,637 | ||||
| Curriculum enrichment |
fund | 1,637 | (1,637) | |||||
| Alumnae Programme Wellbeing programme |
(70'"Gala) (70'"Gala) |
5, 154 5,154 |
5,154 5, 154 |
|||||
| Lego coding and science | 3,006 | (3,006) | ||||||
| equipment | ||||||||
| 18,338 | 750 | (6,143) | 12,945 | |||||
| Endowment funds |
||||||||
| 3,088,643 | 1,287,911 | (2,151,226) | 2,225,328 | |||||
| Compnrnti vefund ntovements |
in yenr | |||||||
| FOUNDATION | Balance at 1 September 2021 |
Income | Expenditure | Transfers 4 investment gains/(losses) |
Balance at 31August 2022 |
|||
| Unrestricted funds |
3,552, 103 | 1,193,910 | (1,675,708) | 3,070,305 | ||||
| Restricted funds Bursary fund -Redcliffe Travel grant fund Curriculum enrichment fund Alumnae Programme (70~Gala) Wellbeing programme (70~Gala) Lego coding and science |
750 2,637 1,637 5,154 5,154 3,006 |
2,000 | (2,000) | 750 2,637 1,637 5, 154 5, 154 3,006 |
||||
| equipment | ||||||||
| 18,338 | 2,000 | (2,000) | 18,338 | |||||
| Endowment funds |
||||||||
| 3,570,441 | 1,194,910 | (1,676,708) | 3 088 643 |
| Total pension c | ontrib | utions made in the year are analysed as follow |
s: | |
|---|---|---|---|---|
| 2023 | 2022 | |||
| Total contributions | during the year were: | |||
| Teaching staff Non-teaching |
staff | 1,743,695 450,552 |
1,670,200 418,871 |
|
| 2,194,247 | 2,089,071 |
| OMPARATIVE C |
ONSOLI | DATED | OF FINANCIA | L ACTIVITIE | S | |
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Restricted | Total | |||
| Funds | Funds | Funds | 2022 | |||
| INCOME AND | Note | |||||
| ENDOWMENTS | ||||||
| FROM: | ||||||
| Charitable Activities: |
||||||
| Net fees receivable | 1,135,295 | 17,742,183 | 18,877,478 | |||
| Other educational | 56,470 | 1,320,654 | 1,377,124 | |||
| income | ||||||
| Investments | 25 | 27,557 | 27,582 | |||
| Total Income | 1,193,910 | 20,056,538 | 21,250,448 | |||
| EXPENDITURE ON: | ||||||
| Charitable Activities |
1,675,708 | 436,297 | 17,385,671 | 19,497,676 | ||
| Total Expenditure | 1,675,708 | 436,297 | 17,385,671 | 19,497,676 | ||
| Net | ||||||
| income/(expenditure) | ||||||
| before investment | losses | (481,798) | (436,297) | 2,670,867 | 1,752,772 | |
| Investment (losses) |
(58) | (58) | ||||
| Net | ||||||
| income/(expenditure) | ||||||
| before transfers | (481,798) | (436,297) | 2,670,809 | 1,752,714 | ||
| Transfers | 14 | 988,169 | (988,169) | |||
| Net movement in funds |
(481,798) | 551,872 | 1,682,640 | 1,752,714 | ||
| Total funds brought | forward | |||||
| 1 September 2021 | 3,552, 103 | 12,364,404 | 11,885,996 | 27,802,503 | ||
| Total funds carried | ||||||
| forward at | ||||||
| 31 August 2022 | 14 | 3,070,305 | 12,916,276 | 13,568,636 | 29,555,217 |
registered in 1977(charity number: 312699)and has a year end of3 Financial Activities and Balance sheet are given below: |
1 August. A summary ofthe |
Statement of |
|---|---|---|
| Statement ofFinancial Activities | 2023 | 2022 |
| Income | ||
| Net fees receivable | 18,354,763 | 17,742,183 |
| Other Educational Income |
1,511,606 | 1,320,654 |
| Investments | 197,962 | 27,557 |
| Donations and legacies |
981,056 | 964,144 |
| 21,045,387 | 20,054,538 | |
| E~xeeditere | ||
| Charitable Activities |
18,889,027 | 17,819,968 |
| Investment (loss)/gain |
(58) | |
| Net movement in funds |
2,156,360 | 2,234,512 |
| Total funds bought forward | 26,466,574 | 24,232,062 |
| Total funds carried forward | 28,622,934 | 26,466,574 |
| Balance Sheet | ||
| Tangible fixed assets Debtors |
26,008 594 532,054 |
20,937,620 391,131 |
| Cash in hand and at bank | 7,227,779 | 10,266,900 |
| Creditors: Amounts falling due within one year Creditors: Amounts falling due after more than one year |
(4,965,493) (180,000) |
(4,421,399) (707,678) |
| Net Assets | 28,622,934 | 26,466,574 |
| Unrestricted Funds |
15,169,481 | 13,421,145 |
| Restricted Funds | 120,353 | 129,153 |
| Endowment Fund |
13,333,100 | 12,916,276 |
| Accumulated Funds |
28,622,934 | 26,466,574 |