||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|7|
|Report ofthe Independent
Auditors||8|to|11|
|Statement ofFinanctal|Activities||12||
|Balance Sheet|||13||
|Cash Flow Statement|||14||
|Notes to the Cash Flow Statement|||||
|Notes to the Financial|Statements|16|to|26|
|Detailed Statement of|Financial Activities|27|to|28|
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|||||||||31/7/22|31/7/21|
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Endowment|Total|Total|
||||||funds|fund|fund|funds|funds|
|||||Notes||||f||
|INCOME AND||||||||||
|ENDOWMENTS|FROM|||||||||
|Donations
and legacies||||2|65,211|2,288,554||2353,765|1 812 153|
|Investment
income||||3|154|||154|282|
|Total|||||65,365|2,288,554||2453,919|1,812,435|
|EXPENDITURE|ON|||||||||
|Raising
funds||||4|3,025|||3,025|4,232|
|Charitable
activities||||||||||
|Supportcost||||||189,825||189,825|41,160|
|Direct Charitable|Expenses||||7,931|2.030,483||2,038,414|1,670,418|
|Other||||||4,502||4,502|2,624|
|Total|||||10,956|2,224,810||2,235,766|1,718,434|
|NET INCOME|||||54,409|63,744||118,153|94,001|
|Transfers
between||funds||16|(9,182)|9,182||||
|Net movement
in|funds||||45,227|72,926||118)153|94,001|
|RECONCILIATION|||OF|||||||
|FUNDS||||||||||
|Total funds brought||||||||||
|forward|||||195,849|1,059,636|832|1,256,317|1,162,316|
|TOTAL FUNDS|CARRIED|||||||||
|FORWARD|||||241,076|1,132,562|832|1,374,470|1,256,317|
##
|Balance Sheet|||||||
|---|---|---|---|---|---|---|
|~31 J
I
2tl22|||||||
||||||31/7/22|31/7/21|
|||Unrestncted|Restncted|Endowment|Total|Total|
|||funds|fund|fund|funds|funds|
||Notes|f|||'f|f|
|FIXEDASSETS|||||||
|Tangible assets|||700,265||700,265|740,529|
|CURRENT ASSETS|||||||
|Debtors|12||83,292||83,292|24.350|
|Cash at bank and in hand||241,075|446,023|832|687,930|592,566|
|||241,075|529,315|832|771,222|616,916|
|CRKDITORS|||||||
|Amounts
falling due within|||||||
|one year|13|1|(97,D18)||(97,017)|(51,128)|
|NET CURRENT ASSETS||241,076|432,297|832|674,2D5|565,788|
|TOTAL ASSETSLESS|||||||
|CURRENT LIABILITIES||241,076|1,132,562|832|1,374,470|1,306,317|
|CREDITORS|||||||
|Amounts
falling due atter|||||||
|more than one year|14|||||(50,000)|
|NKT ASSETS||241,076|1,132,562|832|1374,470|1,256,317|
|FUNDS|16||||||
|Unrestricted
funds|||||241,076|195,849|
|Restricted funds|||||1,132,562|1,059,636|
|Endowment
funds|||||832|832|
|TOTAL FUNDS|||||1,374,470|1,256,317|
|Cash Flow Statement
f
d
Y
E d*d)~)11||2)22||||
|---|---|---|---|---|---|
|||||31/7/22|3(/7/21|
||||Notes|||
|Cash flows from operating||activities||||
|Cash generated
from operations||||213)078|135,053|
|Interest paid||||(689)||
|Net cash provitied
by operating
activities||||212,389|l35,053|
|Cash flows from investing||activities||||
|Purchase oftangible
fixed assets||||(67,179)|(584,634)|
|Interest received||||154|282|
|Net cash used in investing|activities|||(67,025)|(584,352)|
|Cash flows from financing||activities||||
|New loans in year|||||50,000|
|Loan repayments
in year||||(50,000)||
|hlet cash (used in)/provided||by financing|activities|(50,000)|50,000|
|Change in cash and cash equivalents||||||
|in the reporting
period||||95364|(399,299)|
|Cash and cash equivalents||at the||||
|beginning
oftbe reporting||period||592,566|991,865|
|Cash and cash equivalents||at the end||||
|ofthe reporting
period||||687,930|592,566|
##
|RECONCIL1ATIO
ACTIVITIES|N
OFNE|T INCOME TO NET CASH FLOW|FROM OPERATIN|G|
|---|---|---|---|---|
||||31/7/22|31/7/21|
||||8||
|Net income for the|reporting|period (as per the Statement of|||
|Financial
Activities)|||118,153|94,001|
|Adjustments
for:|||||
|Depreciation
charges|||107,443|102,284|
|Interest received|||(154)|(282)|
|Interest paid|||689||
|(increase)/decrease|in debtors||(58,942)|7,146|
|Increase/(decrease)|in creditors||45,889|(68,096)|
|Net cash provided|by operations||213,078|135,053|
##
|ANALYSIS|OF CHA|NGES IN NET FUN|DS|||
|---|---|---|---|---|---|
||||At 1.8.21|Cash fiow|At31.7.22|
||||||f|
|Net cash||||||
|Cash at bank|and in hand||592,566|95,364|687,930|
||||592,566|95,364|687,930|
|Debt||||||
|Debts falling|due after|1 year|(50,000)|50,000||
||||(50,000)|50,000||
|Total|||542,566|145364|687,930|
##
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|DONATIONS
AND L|EGACIES|||
|---|---|---|---|
|||31/7/22|31/7/21|
|Gifts||I||
|Donations||60&533|81,675|
|Gift aid||3,541|5,755|
|Donated services and facilities||21,672|21,183|
|Income from Charitable|Act|2,268,018|1,703,540|
|||Z,353,765|l,812,153|
##
|||||||31/7/22|31/7/21|
|---|---|---|---|---|---|---|---|
|||||||8||
||Deposit account interest|||||154|282|
|4.|RAISING FUNDS|||||||
||Raising donations|and legacies||||||
|||||||31/7/22|31/7/21|
|||||||g||
||Support costs|||||3,025|4,232|
|5,|CHARITABLE ACTIVITIES||COSTS|||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs|note 6)|Totals|
|||||||f||
||Support cost
Direct Charitable|Expenses|||1,729,210|189,825
309,204|189,825
2,038,414|
||||||1,729,210|499,029|2,228,239|
|6.|SUPPORT COSTS|||||||
|||||||Governance||
|||Management
f||Finance|Other 2
f|costs|Totals|
||Raising donations|and||||||
||legacies
Support cost||176,868|3,025
198|689|12,070|31025
189,825|
||Direct Charitable|||||||
||Expenses||300,613|||8,591|309,204|
||||477,481|3/223|609|20,661|502,054|
##
##
|||||31/7/22|31/7/21.|
|---|---|---|---|---|---|
|||||f,||
|Auditors'|remunemtion|||6,000|7,000|
|Depreciation||—owned assets||1D7,443|l02,284|
|Direct expenses||||59,944|49,814|
|TRUSTEES'||REMUNERATION|AND BENEFITS|||
|||||31/7/22|31/7/21|
|||||8|f.|
|Trustees'|salaries|||80,00D|88,885|
|Trustees'|social security|||10,004|11,046|
|||||90,004|99,931|
##
##
|STAF|F COSTS|||
|---|---|---|---|
|||31/7/22|31/7/21|
|Wages|and salanes|1,510,117|1,048,464|
|Social|security costs|(36,624|87,882|
|Other|pension costs|22,525|14,067|
|||1,669,266|1,150,413|
##
|||31/7/22|31/7/21|
|---|---|---|---|
|Bursar||1|1|
|Head teacher|||1|
|Deputy|Teacher|I|3|
|Assistant|Head|2||
|Teacher||3|3|
|Administrator||4|5|
|Supervisors||6|32|
|Tittors||32|2|
|Assistant|head|2||
|||52|47|
||||||31/7/22|31/7/21|
|---|---|---|---|---|---|---|
||f60,001 —f70,000||||1||
||f.80,001 -|f90,000|||I||
||f90,000 -|f100,000|||I||
|10,|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||||
||||Unrestricted|Restricted|Endowment|Total|
||||funds|fund|fund|funds|
|||||f|||
||INCOME|AND ENDOWMENTS FROM|||||
||Donations|and legacies|88,183|1,723,970||1,812,153|
||Investment|income|282|||282|
||Total||88,465|1,723,970||1,812,435|
||EXPENDITURE ON||||||
||Raising funds||4,232|||4,232|
||Charitable|activities|||||
||Supportcost|||41,160||4'1,160|
||Direct Charitable
Expenses||5,357|1,665,061||1,670,418|
||Other|||2,624||2,624|
||Total||9,589|1,708,845||1,718,434|
##
|10.|COMPARATIVES||FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment||Total|
|||||funds|fund|fund||funds|
||NKT INCOME|||78,876|15,125|||94,001|
||Transfers
between|funds||(462,253)|462,253||||
||Net movement
in funds|||(383,377)|477.378|||94,001|
||RECONCILIATION||OFFUNDS||||||
||Total funds brought||forward|579,226|582,258|832|1,162,316||
||TOTAL FUNDS CARRIED||||||||
||FORWARD|||I95,849|1,059,636|832|l,256,317||
|11.|TANGIBLE FIXEDASSETS||||||||
|||||improvements||Fixtures|||
|||||to|Plant and|and|||
|||||property|machinery|fittings||Totals|
|||||f|f|f||f,|
||COST||||||||
||At I August 2021|||874,575|67,944|116,624|1,059,143||
||Additions|||27,565|22,671|16,943||67,179|
||At 31July 2022|||902,140|90,615|133,567|1,126,322||
||DEPRECIATION||||||||
||At I August 2021|||216,238|34,075|68301|318,614||
||Charge for year|||76,991|14,135|16317|107,443||
||At 31 July 2022|||293,229|48,210|84,618|426,057||
||NET BOOK VALUE||||||||
||At 3I July 2022|||608,911|42,405|48,949|700,265||
||At 31 July 2021|||658,337|33,869|48,323|740,529||
##
|||||
|---|---|---|---|
|12.|DEBTORS:AMOUNTS FALLING DUK WITHIN ONE YEAR|||
|||31/7/22|31/7/21|
||||f.|
||Trade debtors|37,922|1,300|
||Other debtors|18,750|18,750|
||Prepayments
and accrued income|7,065|4,300|
||Prepayments|19,555||
|||83,292|24.350|
|13.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|||31/7/22|31/7/21|
|||f,||
||Trade creditors|(I)|16.102|
||Social security and other taxes|41,718||
||Net wages|96||
||Pension Control Account|5,276|4,062|
||Accruals and deferred income|37,928|18,964|
||Accrued expenses|12,000|12,000|
|||97,017|51,128|
|14.|CRKDITORS: AMOUNTS FALLING DUE AFTER MORE THAN|ONE YEAR||
|||31/'//22|31/7/21|
||Bank loans (see note 15)||50,000|
|15.|LOAh/S|||
||An analysis ofthe maturity ofloans is given below:|||
|||31/7/22|31/7/21|
||Amounts
falling due in more than five years:|||
||Repayable
by mstalments:|||
||Bank loans more 5 yr by instal||50,000|
##
##
|MOVEMENT|IN FUN|DS|||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At (.8.21|in funds|funds|31.7.22|
|Unrestricted|funds||||||
|General Fund|||195,849|54,409|(9,182)|241,076|
|Restricted funds|||||||
|Restricted Fund|||1,059,636|63,744|9,182|1,132,56Z|
|Endowment|funds||||||
|Endowment|||832|||832|
|TOTAL FUNDS|||1,256,317|118,153||1,374,470|
|Net movement|in funds,|included|in the above are as follows:||||
|||||incoming|Resources|Movement|
|||||resources|expended
f|in funds
f|
|Unrestricted|funds||||||
|General Fund||||65365|(10,956)|54,409|
|Restricted funds|||||||
|Restricted Fund||||2,Z88,554|(2,224,810)|63,744|
|TOTAL FUNDS||||2,353,919|(2,235,766)|118,153|
##
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1.8.20|in funds|funds|31.7.21|
|||f||f|f|
|Unrestricted|funds|||||
|General Fund||579.226|78,876|(462,253)|195,849|
|Restricted funds||||||
|Restricted Fund||582,258|15,125|462,253|1,059,636|
|Endowment|funds|||||
|Endowment||832|||832|
|TOTAL FUNDS||1,162,316|94,001||1,256,317|
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||||f.|
|Unrestricted
funds||||
|General Fund|88,465|(9,589)|78,876|
|Restricted
funds||||
|Restricted Fund|1,723,970|(1,708,845 )|15,125|
|TOTAL FUNDS|1,812,435|(1,718,434)|94,001|
##
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1.8.20|rn funds|funds|31.7.22|
|||f|8|f||
|Unrestricted|funds|||||
|General
Fund||579.226|133,285|(471,435)|241,076|
|Restricted funds||||||
|Restricted Fund||582,258|78,869|471,435|1,132,562|
|Endowment|funds|||||
|Endowment||832|||832|
|TOTAL FUNDS||1.!62,316|212,]54||1,374,470|
##
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|||f||
|Unrestricted
funds||||
|General Fund|153,830|(20,545)|133,285|
|Restricted funds||||
|Restricted Fund|4,012,524|(3,933,655)|78,869|
|TOTAL FUNDS|4,166,354|(3,954,200)|212,154|
##
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|1
3
Y
E~|dd31
2|1
21122|||
|---|---|---|---|---|
||||31/7/22|31/7/21|
||||f.||
|INCOME AND|ENDOWMENTS||||
|Donations
and legacies|||||
|Gifts|||I||
|Donations|||60,533|81,675|
|GiR aid|||3,541|5,755|
|Donated services|and facilities||211672|21,183|
|Income from Charitable||Act|2,268,018|1,703,540|
||||21353,765|1,812,153|
|Investment
income|||||
|Deposit account|interest||154|282|
|Total incoming|resources||2,353,919|1,812,435|
|EXPENDITURE|||||
|Charitable
activities|||||
|Trustees'
salaries|||80,000|88,885|
|Trustees' social security|||10,004|11,046|
|9'ages|||1,430,117|959,579|
|Social security|||126,620|76,836|
|Pensions|||22,525|14,067|
|Direct Expenses|||59,944|49,814|
||||1,729,210|1,200,227|
|Other|||||
|Travel|||4,502|2,624|
|Support costs|||||
|Management|||||
|Rent, Rates and|water||133,780|133,247|
|Insurance|||12,733|20,443|
|Light and heat|||7,653|6,347|
|Telephone|||4,855|4,315|
|Postage and stationery|||5,198|6,384|
|Advertising|||10,976|5,467|
|Sundries|||1,745|90|
|Cleaning|||46,471|37,535|
|Carried forward|||223,411|213,828|
##
|||||31/7/22|31/7/21|
|---|---|---|---|---|---|
|||||f||
|Management||||||
|Brought forward||||223,411|213,828|
|Professional|Fees|||139,187|173,149|
|Repairs and Renewals||||7,440|3,950|
|Depreciation|oftangible||and heritage assets|107,443|102,284|
|||||477,481|493,211|
|Finance||||||
|Bank charges||||198|297|
|Cost ofgenerating||funds||3,025|4,232|
|||||3/223|4,529|
|Other 2||||||
|Bank loan interest||||689||
|Governance|costs|||||
|Auditoria'
remuneration||||6,000|7,000|
|Accountancy|fees|||6,070|7,000|
|Subscriptton||||8,591|3,843|
|||||20,661|17,843|
|Total resources|expended|||2,235,766|1,718,434|
|Net income||||118,153|94.001|