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|NTENTS||||
|---|---|---|---|
||||Page|
|Trustees' Report (including<br>Directors' Report and Strategic Report)||1|- 5|
|Statement ofTrustees'<br>Responsibilities||||
|Independent<br>Auditor's<br>Report||7|- 9|
|Consolidated<br>Statement of Financial<br>Activities||to|-11|
|Consolidated<br>and Charitable<br>Company|Balance Sheets|12||
|Consolidated<br>Statement<br>ofCash Flows||13||
|Notes to the Financial Statements||14|- 29|





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|Governing<br>Document,<br>Company Status and Co|Governing<br>Document,<br>Company Status and Co|nstitution|||||||
|---|---|---|---|---|---|---|---|---|
|The Confederation<br>ofSchool Trusts is constituted||as a company<br>limited|by guarantee||and a registered|chariity.|It is governed|by its|
|Memorandum<br>and Articles ofAssociation (as revised<br>in 2018)and was incorporated||||on|3December 2004.||||
|The Trustees, who are also the Directors for the purpose ofcompany<br>law,|||and who|served since the commencement|||ofthe year|were:|
|Robert McDonough|Chair||||||||
|Roy Blackwall|Vice Chair||||||||
|Jacqueline<br>Russell|Chair ofFinance (appointed<br>1 October 2021)||||||||
|lan Bauckham CBE|(Resigned|08 February 2022)|||||||
|Susan Douglas CBE|(Appointed|30September 2022)|||||||
|Lorrayne<br>Hughes|||||||||
|Sir Martyn<br>Oliver|(Resigned|02 December 2022)|||||||
|Sir Hamid<br>Petal CBE|||||||||
|Stephen Snelson|||||||||
|Luke Sparkes|||||||||
|Pamela Tuckett|(appointed|1 September 2020)|||||||
|Edward Vainker OBE|(Appointed|30September 2022)|||||||
|Pamela Wright OBE|||||||||





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||||||||Yearended|
|---|---|---|---|---|---|---|---|
|||||||Year ended 31|31August|
|||||Unrestricted|Restricted|August2022|2021|
||||Notes|Funds|Funds|Total Funds|TotalFunds|
|Ilail f||||6|6|f|f|
|Donations<br>and legacies||||2,200||2,200||
|Income from charilsble|activities:|||||||
|Chaditable<br>activities|||2|543,620||543,620|600,880|
|Income fiom other trading||activities:||||||
|Other trading activities|||3|1,582,154||1,582,154|711,732|
|Investments|||4|1,534||1,534|2,304|
|Other Income|||5|8,399||8,399||
|Total income||||2,137,907||2,137,907|1,314,916|
|~Ed Ig||||||||
|Expenditure<br>on raising funds:||||||||
|Trading<br>activities|||6|1,086,726||1,086,726|440,594|
|Expenditure<br>on chantsble||activities:||||||
|Charitable<br>activities|||7|722,835||722835|577 767|
|Total expenditure||||1,809,561||1,809,561|1,018,381|
|Net incoming/(outgoing)||resources before||||||
|transfers||||328,346||328,346|296,535|
|Gross transfers<br>between||funds||||||
|Net income/(expenditure)||for the year/||||||
|Net movement<br>in funds||||328,346||328,346|296,535|
|Funds balances at 01 September 2021||||940,447||940,447|643,912|
|Funds balances at 31August 2022||||1,268,793||1,268,793|940,447|





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|FOR THE YEAR E|N|DED 31AUGUST 2|021||||
|---|---|---|---|---|---|---|
|||||||Year ended|
|||||||31August|
|Prior financial year||||Unrestricted|Restricted|2021|
||||Notes|Funds|Funds|Total Funds|
||||||6|6|
|Income from charitable|activities:||||||
|Charitable<br>activities||||388,130|212,750|600,880|
|Income from other trading||activities:|||||
|Other trading<br>activities||||711,732||711,732|
|Investments||||2,304||2,304|
|Total income||||1,102,166|21 2,750|1,314,916|
|~E*<br>Cht|||||||
|Costs ofraising funds:|||||||
|Fundraising<br>activities||||440,594||440,594|
|Expenditure<br>on chan'table||actiia'Iles:|||||
|Charitable<br>activities||||297,129|280,658|577,787|
|Total expenditure||||737,723|280,658|1,018,381|
|Net incoming/(outgoing)||resources before|||||
|transfers||||364,443|(67,908)|296,535|
|Gross transfers<br>between||funds|||||
|Net income/(expenditure)||for the year/|||||
|Net movement<br>in funds||||364,443|(67,908)|296,535|
|Funds balances at 01 September 2020||||576,004|67,908|643,912|
|Funds balances at 31|August 2021|||940,447||940,447|





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||||Group|Charity|Group|Charity|
|---|---|---|---|---|---|---|
|||Notes|2022|2022|2021|2021|
||||f||f|f|
|Fixed assets|||||||
|Intangible assets||11|||1,508||
|Tangible assets||12|9,867|6,592|||
|Fixed Asset Investments||13||1|||
||||9,867|6,593|1,508||
|Current assets|||||||
|Debtors||15|282,577|171,221|191,404|53,743|
|Current asset investments||16|170,000|170,000|170,000|170,000|
|Cash at bank and in|hand|27|1,527,916|1,202,038|1,383,059|912,338|
||||1,980,493|1,543,259|1,744,463|1,136,081|
|Creditors: amounts|falling due within one year|17|(721,567)|(426,178)|(805,524)|(299,945)|
|Net current assets|||1,258,926|1,117,081|938,939|836,136|
|Net assets|||1,268,793|1,123,674|940,447|836,137|
|Income funds|||||||
|Restricted funds||20|||||
|Unrestricted<br>funds||21|||||
|General funds|||416,733|271,614|196,577|92,267|
|Designated<br>funds|||852,060|852,060|743,870|743,870|
||||1,268,793|1,123,674|940,447|836,137|





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|||||Notes|2022|2021|
|---|---|---|---|---|---|---|
||||||6|6|
|Cash flows from operating<br>activities|||||||
|Cash generated<br>from operations||||26|154,604|572,989|
|Investing|activities||||||
|Purchase|of intangible<br>assets|||11||(1,508)|
|Purchase|oftangible fixed assets|||12|(11,281)||
|Proceeds|on disposal ofinvestments|||16||130,988|
|Interest received||||4|1,534|2,304|
|Net cash|generated<br>from/(used|in) investing||activities|(9,747)|131,784|
|Net increase<br>in cash and cash||equivalents|||144,857|704,773|
|Cash and|cash equivalents<br>at beginning||ofyear||1,383,059|678,286|
|Cash and|cash equivalents<br>at end of||year|27|1,527,916|1,383,059|





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|1|Donations<br>and legacies|Donations<br>and legacies|Unrestricted|Restricted|Year ended 31|Year ended 31|
|---|---|---|---|---|---|---|
||||Fundsf|Funds<br>f|August 2022<br>f|August 2021<br>f|
||Donations and gifts||2,200||2,200||
|2|Charitable<br>activities|||Governance|Year ended 31|Year ended 31|
||||Membershipsf|Leadership<br>f|August 2022<br>f|August 2021<br>f|
||Membership<br>income||543,620||543,620|387,790|
||Training<br>income|||||213,090|
||||543,620||543,620|600,880|
||Forthe year ended|31August 2021|||||
||Membership<br>income||387,790|||387,790|
||Training<br>income|||213,090||213,090|
||||387,790|213,090||600,880|
|3|Other trading activities||Unrestricted|Restricted|Year ended 31|Year ended 31|
||||Funds<br>f|Funds<br>f|August 2022<br>f|August2021<br>f|
||Income from trading|activities|1,582,154||1,582,154|711,732|
||For the year ended 31August 2021||711,732|||711,732|
|4|Investments||Unrestricted|Restricted|Year ended 31|Year ended 31|
||||Funds|Funds|August 2022|August 2021|
||||f|f|f|f|
||Interest receivable||1,534||1,534|2,304|
||For the year ended 31August 2021||2,304|||2,304|
|5|Other Income||Unrestricted|Restdicted|Year ended 31|Year ended 31|
||||Funds<br>f|Funds<br>f|August 2022<br>f|August 2021<br>f|
||Other Income||8,399||8,399||





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|OR|THE YEAR ENDED 3|THE YEAR ENDED 3|1AUGUST 2022|||||
|---|---|---|---|---|---|---|---|
|6|Trading activities|||Unrestricted|Restricted|||
|||||Funds|Funds|2022|2021|
|||||6|6||f|
||~Fd ii|pal||||||
||Expenditure|from trading operations||1,086,726||1,086,726|440,594|
||For the year|ended 31August 2021||440,594||440,594||
|?|Charitable|activities||Member|Governance|Year ended 31|Year ended 31|
|||||Services|Leadership|August 2022|August2021|
||||||6|||
||Staff costs|||467,822||467,822|344,628|
||Other staff costs|||12,407||12,407|1,206|
||Depreciation|||958||958||
||Bursaries|||4,923||4,923||
||Travel and meeting costs|||22,046||22,046|(2,165)|
||Programme|costs|||||144,164|
||Insurance|||3,289||3,289|3,392|
||Office costs|||26,766||26,766|23,185|
||Computer costs|||21,818||21,818|17,800|
||Virtual teaming<br>platform|||11,898||11,898||
||Promotional|and marketing|costs|19,456||19,456|3,027|
||Professional|fees||124,549||124,549|36,138|
||Governance|costs||6,250||6,250|6,250|
||Bank charges|||653||653|162|
|||||722,835||722,835|577,787|
||Prior financial year|||||||
||Staff costs|||208,134|136,494||344,628|
||Other staff costs|||1,206|||1,206|
||Travel and meeting costs|||(2,165)|||(2,165)|
||Programme|costs|||144,164||144,164|
||Insurance|||3,392|||3,392|
||Office costs|||23,185|||23,185|
||Computer costs|||17,800|||17,800|
||Promotional|and marketing|costs|3,027|||3,027|
||Professional|fees||36,138|||36,138|
||Governance|costs||6,250|||6,250|
||Bank charges|||162|||162|
|||||297,129|280,658||577,787|





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||||||||||Member|Governance|Governance|Governance|Year ended 31|Year ended 31|Year ended 31|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Services|Leadership||||August 2022|August 2021|
|||||||||||||6||6|f|
||Analysis<br>by fund|||||||||||||||
||Unrestricted<br>Funds||||||||722,835|||||722,835||
||Forthe year ended 31August|||2021||||||||||||
||Unrestricted<br>Funds||||||||297,129||||||297,129|
||Restricted Funds||||||||||280,658||||280,658|
||||||||||297,129||280,658||||577,787|
||Description ofcharitable||activities|||||||||||||
||Member Services|||||||||||||||
||Membership<br>income and|related||services connected|||to assisting||and administering||memberships.|||||
|8|Net movement<br>in funds||||||||||||Year ended 31||Year ended 31|
|||||||||||||||August 2022|August 2021|
||Net movement<br>in funds is||stated|atter|charging/(crediting):|||||||||6|6|
||Operating<br>lease charges|||||||||||||320|320|
||Audit ofthe charitable|group's||annual|accounts|||||||||6,250|6,250|
|9|Trustees|||||||||||||||
||None ofthe Trustees (or any persons||||connected|with|them)|received any||remuneration||from|the|charity during|the year.|
||||||||||2022|||2022||2021|2021|
||Trustee reimbursed<br>expenses:||||||||No|||6||No|6|
||Travelling<br>and Subsistence||Costs||||||6||3,624||||2,355.00|





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|10|Employees|Employees|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Number ofemployees||||||||||Year ended 31||Year ended 31||
|||||||||||||August 2022||August 2021|
||The average<br>monthly|number ofemployees|||(including||directors)|during|the year was:|||Number||Number|
||Directors|||||||||||11||11|
||Leadership<br>Team|||||||||||6||4|
||Membership<br>Team|||||||||||8||4|
||Training<br>and Conference||Services Team|||||||||4||2|
|||||||||||||18||10|
||Employment<br>Costs (Group)||||||||||Year ended 31||Year ended 31||
|||||||||||||August 2022||August 2021|
|||||||||||||6||E|
||Wages and salaries<br>Social security costs|||||||||||510,784<br>37,313||277,407<br>18,865|
||Other pension costs|||||||||||50,464||30,187|
|||||||||||||598,561||326,459|
||Employment<br>Costs|(Charity)|||||||||Year ended 31||Year ended 31||
|||||||||||||August2022<br>f||August2021<br>f|
||Wages and salaries|||||||||||278,631||172,632|
||Social security costs|||||||||||26,248||13,631|
||Other pension costs|||||||||||39,749||25,636|
|||||||||||||344,628||211,899|
||The number ofemployees||whose remuneration|||for the|year was|660,000or more were:|||Year ended 31||Year ended 31||
|||||||||||||August 2022||August2021|
||660,001 - 570,000|||||||||||||1|
||670,001 - 580,000|||||||||||1|||
||5100,001 - 5f10,000|||||||||||1||1|
||Contributions<br>for the|year totalling 517,935|||(2021; F17,030) were made to defined|||||contribution||pension<br>schemes||on behalf of|
||employees<br>whose emoluments|||exceed 560,000.|||||||||||
|11|Intangible assets<br>Group|||||||||||Websitef||Total<br>6|
||Cost||||||||||||||
||At 01 September 2021|||||||||||1,508||1,508|
||Disposals|||||||||||(1,508)||(1,508)|
||At 31 August 2022||||||||||||||
||Amortisation||||||||||||||
||At 01 September 2021 and 31|||August 2022|||||||||||
||Net book value||||||||||||||
||At 31 August 2022||||||||||||||
||At 31August 2021|||||||||||1,508||1,508|





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|12|Tangible assets|Tangible assets|||||||||||||Computers|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Group||||||||||||||8|8|
||Cost||||||||||||||||
||At 01 September||2021||||||||||||||
||Additions||||||||||||||11,281|11,281|
||At 31August|2022|||||||||||||11,281|11,281|
||Depreciation||||||||||||||||
||At 01 September||2021||||||||||||||
||Depreciation|charge for the year|||||||||||||1,414|1,414|
||At 31August|2022|||||||||||||1,414|1,414|
||Net book value||||||||||||||||
||At 31August|2022|||||||||||||9,867|9,867|
|13|Fixed Asset|Investments|||||||||||||||
||||||||||||||||Subsidiary|Total|
||||||||||||||||undertakings||
||Charity||||||||||||||8||
||Cost||||||||||||||||
||At 01 September||2021|and|31 August 2022||||||||||||
||Depreciation||||||||||||||||
||At 01 September||2021|and|31August 2022||||||||||||
||Net book value||||||||||||||||
||At 31August|2021 and||31 August||2022|||||||||||
||The<br>charitable||company||holds|1 share|of St each||in|its|wholly|owned|trading|subsidiary|company,|CST Professional|
||Development|Limited, which<br>is incorporated||||||in the United|Kingdom.|||These are|the only shares allotted, called|||up and fully paid.|
||The activities|and results ofthis company|||||is|summarised|in|note 25.|||||||
|14|Financial<br>instruments|||||||||||Group|||Charity||
||||||||||||2022|||2021|2022|2021|
|||||||||||||F.||f|f|8|
||Carrying<br>amount offinancial assets||||||||||||||||
||Instruments|measured||at fair value through||||SOFA|||170,000||170,000||170,000|170,000|
|15|Debtors|||||||||||Group|||Charity||
||||||||||||2022f|||2021<br>8|2022<br>f|2021<br>f|
||Trade debtors||||||||||243,446||150,460||116,105|46,525|
||Amounts<br>owed by group undertakings||||||||||||||43,173||
||Other debtors||||||||||22,905||34,569||1,188|1,134|
||Prepayments|and accrued|||income||||||16,226||6,375||10,755|6,084|
||||||||||||2&2,577||191,404||171,221|53,743|





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|16|Current|asset investments|asset investments|asset investments||Group||Charity||
|---|---|---|---|---|---|---|---|---|---|
|||||||2022|2021|2022|2021|
|||||||f||E|f|
||Fixed term deposits|||||170,000|170,000|170,000|170,000|
|17|Creditors: amounts|||falling|due within one year|Group||Charity||
|||||||2022|2021|2022|2021|
|||||||E|f|f|f|
||Trade creditors|||||29,715|25,590|21,052|11,636|
||Other taxation and||social security|||19,197|78,639|9,389|19,313|
||Deferred|income (see Note 18)||||627,527|662,531|382,848|249,531|
||Amounts|owed to group undertakings|||||||1,914|
||Other creditors|||||10,088|10,297|10,088|10,297|
||Accruals|||||35,040|28,467|2,801|7,254|
|||||||721,567|805,524|426,178|299,945|
|18|Deferred|income||||Group||Chadity||
|||||||2022|2021|2022|2021|
|||||||E|f||f|
||Arising from charitable<br>activities|||||382,848|249,531|382,848|249,531|
||Adising from trading|||activities||244,679|413,000|||
|||||||627,527|662,531|382,848|249,531|
||Deferred|income is||included|in the financial statements|as follows:||||
|||||||Group||Charity||
|||||||2022|2021|2022|2021|
|||||||E|f|E|f|
||Deferred|income at||01 September||662,531|196,559|249,531|190,794|
||Resources deferred|||during the Year||627,527|662,531|382,848|249,531|
||Amounts|released|from previous Year|||(662,531)|(196,559)|(249,531)|(190,794)|
||Deferred|income at||31 August||627,527|662,531|382,848|249,531|



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|20|Restricted|Funds||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||At 01|Incoming|Resources||At|31August|
|||||September 2020|resources|expended|Transfers||2021|
||Group|||f|f|6|f|||
||Governor|Leadership|Programme|67,908|212,750|(280,658)||||
|||||At 01|Incoming|Resources||At|31August|
|||||September 2020|resources|expended|Transfers||2021|
||Charity||||6|6||||
||Governor|Leadership|Programme|67,908|212,750|(280,658)||||





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|21|Unrestricted|Funds||At 01<br>September 2021|At 01<br>September 2021|Incoming<br>resources|Resources<br>expended|Transfers|At 31August<br>2022|
|---|---|---|---|---|---|---|---|---|---|
||Group|||||f||f||
||General Funds||||196,577|2,137,907|(1,804,639)|(113,112)|416,733|
||Designated|Funds||||||||
||Contingency|and Development||Fund|668,870|||113,112|781,982|
||Governance|Development|Fund||75,000||(4,922)||70,078|
||||||940,447|2,137,907|(1,809,561)||1,268,793|
||Group|||At 01<br>September 2020<br>f||Incoming<br>resources<br>f|Resources<br>expended<br>f|Transfers<br>f|At 31August<br>2021|
||General Funds||||176,004|1,102,166|(737,723)|(343,870)|196,577|
||Designated|Funds||||||||
||Contingency|and Development||Fund|400,000|||268,870|668,870|
||Governance|Development|Fund|||||75,000|75,000|
||||||576,004|1,102,166|(737,723)||940,447|
||Charity|||At 01<br>September 2021||Incoming<br>resourcesf|Resources<br>expended<br>f|Transfers<br>f|At 31August<br>2022|
||General Funds||||92,267|1,010,370|(717,913)|(113,112)|271,612|
||Designated|Funds||||||||
||Contingency|and Development||Fund|668,870|||113,112|781,982|
||Governance|Development|Fund||75,000||(4,922)||70,078|
||||||836,137|1,010,370|(722,835)||1,123,672|
||Charity||||At 01<br>September 2020<br>f|Incoming<br>resources<br>f|Resources<br>expended|Transfers<br>f|At 31August<br>2021|
||General Funds||||125,607|607,659|(297,129)|(343,870)|92,267|
||Designated|Funds||||||||
||Contingency|and Development||Fund|400,000|||268,870|668,870|
||Governance|Development|Fund|||||75,000|75,000|
||||||525,607|607,659|(297,129)||836,137|





## 

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|Analysis ofnet|assets between|assets between|funds|||||Unrestricted|Restricted|Year ended 31|Year ended 31|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Group||||||||Fundsf|Funds<br>f||August 2022<br>f|
|Fund balances at 31||August 2022|are represented|||by:||||||
|Tangible assets||||||||9,867|||9,867|
|Current assets/(liabilities)||||||||1,258,926|||1,258,926|
|||||||||1,268,793|||1,268,793|
|||||||||Unrestricted|Restricted|Year ended 31||
|Group||||||||Fundsf|Funds<br>f||August 2021<br>f|
|Fund balances at 31||August 2021|are represented|||by:||||||
|Intangible assets||||||||1,508|||1,508|
|Current assets/(liabilities)||||||||871,031|67,908||938,939|
|||||||||872,539|67,908||940,447|
|||||||||Unrestricted|Restriicted|Year ended 31||
|Charity||||||||Funds<br>f|Funds<br>f|August2022<br>f||
|Fund balances at 31||August 2022|are represented|||by:||||||
|Tangible assets||||||||6,592|||6,592|
|Fixed Asset Investments||||||||1|||1|
|Current assets/(liabilities)||||||||1,117,080|||1,117,080|
|||||||||1,123,673|||1,123,673|
|||||||||Unrestricted|Restriicted|Year ended 31||
|Charity||||||||Funds<br>f|Funds<br>f||August2021<br>f|
|Fund balances at 31||August 2021|are represented|||by:||||||
|Fixed Asset Investments||||||||1|||1|
|Current assets/(liabilities)||||||||768,227|67,908||836,135|
|||||||||768,228|||836,136|
|Operating<br>lease|commitments|||||||||||
|Lessee||||||||||||
|At the reporting|end|date the charitable||group|had outstanding||commitments|for future<br>minimum|lease payments||under<br>non-|
|cancellable<br>operating||leases, which fall due as|||follows:|||||||
|Group and charity|||||||||Other|||
||||||||||2022||2021|
|Expiry date:|||||||||f||f|
|Within one year|||||||||9,500||324|
|Between two and|five years||||||||320||378|
||||||||||9,820||702|



## 



## 

## 

|OR|THE YEAR ENDED 31|AUGUS|T 2022|||||
|---|---|---|---|---|---|---|---|
|24|Related party transactions|||||||
||Remuneration<br>ofkey management||personnel|||Year ended 31|Year ended 31|
|||||||August 2022|August 2021|
||The remuneration<br>of key management||personnel|is as follows:||6|f|
||Aggregate<br>compensation|||||358,601|266,206|
||Key management<br>personnel|includes|the senior|management|team and trustees.|Trustees are not remunerated|for their role in|
||the charitable<br>company.|||||||





## 

## 

## 

|Subsidiaries||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The wholly owned|subsidiary,||CST Professional|||Development||Limited,|is incorporated|in England|and Wales (company||number|
|10354936)and pays all||of its|taxable surpluses|||to the|parent charitable||company as a distribution||under gift aid.|||
|The summary<br>financial||performance<br>of||the subsidiary|||company|alone is:||Year ended 31||Year|ended 31|
|||||||||||August 2022||August 2021||
||||||||||||8||6|
|Turnover|||||||||||1,286,789||441,559|
|Cost ofsales|||||||||||634,874||153,711|
|Gross profit|||||||||||651,9'I5||287,848|
|Administrative<br>expenses|||||||||||291,060||194,026|
|Operating<br>profit|||||||||||380,855||93,822|
|Interest receivable|and|similar|income|||||||||||
|Profit on ordinary|activities||before taxation||||||||360,855||93,622|
|Tax on profit||||||||||||||
|Profit on ordinary|activities||after taxation||||||||360,855||93,822|
|Distributions<br>to parent charity|||under gift|aid|||||||360,855||93,822|
|The assets and liabilities of|||the subsidiary||were:||||||2022||2021|
||||||||||||8||6|
|Fixed assets|||||||||||2,771|||
|Current assets|||||||||||200,802||462,429|
|Current<br>liabilities|||||||||||(203,572)|(462,428)||
|Total net assets||||||||||||||
|The wholly<br>owned|subsidiary,||National|Teacher Accreditation||||Ltd, is incorporated||in England|and Wales (company||number|
|08650911).||||||||||||||
|The summary<br>financial||performance<br>of||the subsidiary|||company|alone is:||Year ended 31||Year|ended 31|
|||||||||||August 2022<br>f||August 2021<br>f||
|Turnover|||||||||||295,365||270,173|
|Administrative<br>expenses|||||||||||244,749||203,967|
|Operating<br>profit|||||||||||50,616||66,206|
|Interest receivable|and|similar|income|||||||||||
|Surplus on ordinary activities before||||taxation|||||||50,816||66,206|
|Tax on surplus|||||||||||9,808||12,293|
|Surplus on ordinary activities after taxation|||||||||||40,808||53,913|
|The assets and liabilities of|||the subsidiary||were:||||||2022||2021|
||||||||||||||f|
|Fixed assets|||||||||||504||1,508|
|Current assets|||||||||||279,606||156,039|
|Current<br>liabilities|||||||||||(134,990)||(53,237)|
|Total net assets|||||||||||145,120||104,310|





## 

|OR|THE YEAR ENDED 31AUG|THE YEAR ENDED 31AUG|UST 2022|UST 2022|UST 2022||||
|---|---|---|---|---|---|---|---|---|
|26|Cash generated<br>from/(absorbed<br>Group||by) operations||||2022<br>6|2021<br>f|
||Surplus for the year||||||328,346|296,535|
||Adjustments<br>for:||||||||
||Investment<br>income recognised<br>in||statement||offinancial|activities|(1,534)|(2,304)|
||Depreciation<br>and impairment<br>oftangible|||fixed assets|||1,414||
||Write offof intangible|fixed asset|||||1,508||
||Movements<br>in working|capitaL.|||||||
||(Increase)/decrease|in debtors|||||(91,173)|(25,489)|
||(Decrease)/decrease|in creditors|||||(83,957)|304,246|
||Cash generated<br>from|operations|||||154,604|572,988|
|27|Analysis ofcash and <br>Group|cash equivalents|||||2022<br>f|2021|
||Cash in hand and at bank||||||1,527,916|1,383,059|
||Bank overdraft||||||||
||Total cash and cash|equivalents|||||1,527,916|1,383,059|