2022-08-31-accounts

				Unrestricted	Restricted	Endowment	Total	Total
			Notes	Funds	Funds	Funds	2021/22	2020/21
				6	f		8	E
Income and endowments		from
School fees			2	18,881,336			18,881,336	16,776,522
Other income			5	2,430,927			2,430,927	1,896,435
Other trading activities
Activities of subsidiaries			20	150,000			150,000	150,000
Millennium Boat House				63,258			63,258	87,347
Investments
Investment income			4	65,728	7,618		73,346	61,515
Bank and other interest			4	11,514			11,514	108
Voluntary sources
Donations and grants			6	11,829	342,379		354,208	651,177
Total incom e				21,614,592	349,997		21,964,589	19,623,104
Expenditure on:
Activities of subsidiaries			20	30,431			30,431	48,556
Cost ofraising funds and development				21,895			21,895	5,462
Cost offinance			9	273,724			273,724	235,508
Charitable activities
Education and grant making				20,175,691	241,014		20,416,705	18,305,139
Total expenditure			7	20,501,741	241,014		20,742,755	18,594,665
Net income				1,112,851	108,983		1,221,834	1,028,439
before investments	(losses) / gains
Investments (losses) /	gains		11	(40,919)	(6,888)		(47,807)	419,719
Net movement in funds				1,071,932	102,095		1,174,027	1,448,158
Balances brought forward				17,858,966	1,499,662	4,444,335	23,802,963	22,354,805
Balances carried forward				18,930,898	1,601,757	4,444,335	24,976,990	23,802,963

			Notes	2022f	2021 6	2022 6	2021f
				Group	Group	School	School
FIXEDASSETS
Tangible assets			10	35,128,503	32,777,300	35,128,503	32,777,300
Investments				1,945,232	2,136,117	1,945,233	2,136 'I18
				37,073,735	34,913,417	37,073,736	34,913,418
CURRENT ASSETS
Stock				7,126	8,877	7,126	8,877
Debtors			12	603,688	621,902	556,304	837,251
Cash at bank and in hand				3,697,205	5,459,817	3688,447	5,307,996
				4,308,019	6,090,596	4,251,877	6,154,124
CREDITORS: falling due		within one year	13	6,008,068	(5,744,642)	6,006,143	(5,742,817)
NET CURRENT	(LIABILITIES)IASSETS			1,700,049	345,954	1,754,266	411,307
TOTAL ASSETSLESSCURRENT LIABILITIES				35,373,686	35,259,371	35,319,470	35,324,725
CREDITORS: falling due		after one year
Creditors payable	after one year		14	(9,775,618)	(10,585,126)	(9,775,618)	(10,585,126)
Pension scheme	funding	deficit	17	(621,078)	(871,282)	(621,078)	(871,282)
TOTAL NET ASSETS				24,976,990	23,802,963	24,922,774	23,868,317
FUNDS
Endowment funds
- Permanent			15	4,444,335	4,444,335	4,444,335	4,444,335
Restricted funds			15	1,601,757	1,499,662	1,601,757	1,499,662
Unrestdicted funds			15
-Designated	fixed asset reserves			20,546,662	17,312,127	20,546,662	17,312,127
- Unrestdicted	free reserves			1,615764	546,839	1,669,980	612,193
				18,930,898	17,858,966	18,876,683	17,924,320
				24,976,990	23,802,963	24,922,774	23,868,317

							2022	2021
								L.
	Cashf lowe from operating activities:
	Net cash provided by operating activities					(i)	2,846,612	2,648,028
	Cash flows from investing activities
	Purchase oftangible fixed assets						(3,689,362)	(2,216,322)
	Proceeds from sale oftangible fixed assets							42,500
	Proceeds from sale of investments						143,078	250,868
	Bank interest received						11,514	108
	Investment income						73,346	61,515
	Net cash used in investing activities						(3,461,424)	(1,861,331)
	Cash flows from financing activities
	Net loans repaid						(883,333)	(883,331)
	Interest paid on loan						(264,468)	(219,230)
	Net cash used in financing activities						(1,147,801)	(1,102,561)
	Change in cash and cash equivalents	in the	reporting	period:
	Decrease in cash in the period						(1,762,612)	(315,864)
	Cash and cash equivalents at the beginning		ofthe reporting		period		5,459,817	5,775,681
	Cash and cash equivalents at the end	ofthe	reporting	period			3,697,205	5,459,817
(i)	Reconciliation of net income to net cash flow
	from operating activities
	Net income for the reporting period						1,174,027	1,448,155
	Adjustments for:
	Bank interest received						(11,514)	(108)
	Investment income						(73,346)	(61,515)
	Non-cash pension related (credit)/expense						(37,000)	188,000
	Interest paid on loan						264,468	219,230
	Cripplegate pension deficit contributions						(213,204)	(208,038)
	Unrealised losses / (gains) on investments						49,787	(378,618)
	Realised gain on investments						(1,980)	(41,101)
	Depreciation charge						1,338,159	1,208,417
	Profit on sale offixed assets							(39,812)
	Decrease in stock						1,751	9,024
	Decrease / (increase) in debtors						18,214	(183,659)
	Increase in creditors						337,250	488,053
	Net cash flow from operations						2,846,612	2,648,028

estimated useful lives, which are as	follows:
Buildings	50years
Boiler plant	20 years
Tractors	15years
Other plant and equipment	10years
Portakabins	5years
Rowing equipment	5years
Security system	5years
Motor Vehicles	4 years
IT Equipment	3years

(a)	The School's	fee	income	income	comprised:	comprised:			2022		2021
									6
	Gross fees								20,557,161	18,827,257
	Less: Governors' Less: Bursaries,		general discounts scholarships and staff remissions						~1997,245	(627,954) ~7,592,297
									18,665,916	16,607,006
	Add back bursaries			and	scholarships		paid by restricted	funds	215,420		169,516
									18,881,336	16,776,522
									Paid by	Paid by
									general	restricted
									funds	funds	Total	2022
												8
(b)	Means-tested	bursaries			and	hardship	awards		1,263,723	204,000	1,467,723
	Scholarships								292,181	11,420	303,601
	Staff remissions								119,921		119,921
									1,675,825	215,420	1,891,245
									Paid by	Paid by
									general	restricted
									funds	funds	Total	2021
									F			6
	Means-tested	bursaries			and	hardship	awards		1,045,641	163,483	1,209,124
	Scholarships								276,893	6,033	282,926
	Staff remissions								100,247		100,247
									1,422,781	169,516	1,592,297

			2022	2021
			E	E
Turnover			958,275	587,729
Cost of sales			(920,647)	(628,001)
Gross profit I	(loss)		37,628	(40,272)
Other operating	income - donation	from shareholders	65,000
Administrative	expenses		(26,784)	(23,743)
Profit I(loss)	before donation		75,844	(64,015)
Gfi aid payable			(11,829)
Profit I(loss)	after donation		64,015	(64,015)
			2022	2022
Current assets			8	E
Debtors			2,233	1,815
Cash at bank and in hand			37,619	17,614
			39,852	19,429
Current liabilities			(8,210)	(51,802)
Net assets/(liabilities)			31,642	32,373)
Capital and reserves:
Called up share capital			31,642	31,642
Profit and loss	account			(64,015)
			31,642	(32,373)

				2022	2021
				E	E
Dividends	from UK investment		portfolio	73,346	61,515
Bank interest				11,514	108
				84888	61,622
OTHER	INCOME
				2022	2021
				8	E
Charitable activities
Other educational		income		153,269	45,155
Registration fees				103,414	108,307
Rental income				161,883	85,804
Ancillary	income			2,012,362	1,657,169
				2 428 822	1,896,435

INCOME F	ROM VOLUNTARY SOURC	ES
		2022	2021
		8	6
Donations	and grants
Donations		354,208	437,581
Government	grants		213,596
		384288	651,177

					Depreciation
					arid
			Staff costs	Other costs	impairment	2022
			Note 8
			6	6	6	6
Activities	ofsubsidiaries			30,431		30,431
Cost ofraising funds and development				21,895		21,895
Cost offinance				273,724		272 724
				326,050		326,050
Charitable	activities
Education	and grant making
Teaching			10,988,611	1,178,851		12,167,462
Other educational		expenditure		128,103		128,103
Welfare				849,201		849,201
Premises	and estates		1,026,833	1,714,313	1,338,159	4,079,305
Millennium	Boathouse			128,261		128,261
Support costs"			1,920,392	1,090,620		3,011,012
Governance costs			19582	33778		53,360
			13,955,418	5,123,127	1,338,159	20,416,705
			13,955,418	5,449,177	1,338,159	20,742,755
					Depreciation
					and
			Staff costs	Other costs	impairment	2021
						f
Activities	ofsubsidiaries			48,556		48,556
Cost ofraising funds and development				5,462		5,462
Cost offinance				235,508		235,508
				289,526		289,526
Charitable	activities
Education	and grant making
Teaching			10,128,103	935,332		11,063,435
Other educational		expenditure		41,109		41,109
Welfare				635,152		635,152
Premises	and estates		996,460	1,258,934	1,208,417	3,463,811
Millennium	Boathouse			179,472		179,472
Support costs'			1,797,193	1,078,095		2,875,288
Governance costs			18258	28614		46 872
			12.940,014	4,156,708	1,208,417	18,305,139
			12,940,014	4,446,234	1,208,417	18,594,665
Governance costs include:				2022 6	2021f
Audit fees				26,280	25,020
Salaries+				19,582	18,258
Governors'	expenses			1,965	1,036
Other governance		costs		5,533	2,558
				53,360	46,872

STAFF C	OSTS
						2022	2021
						6
Wages and salaries						10,841,921	10,074,044
Social security costs						1,159,633	1,035,832
Life assurance and private			medical	cover		37,093	34,266
Pension costs						1,916,771	1,795,872
						13,955,418	12,940,014
Aggregate	employee-benefits		of key management		personnel	K1 556$14	E1,456,885
The average number		of employees		during the year	was:
Teaching	staff					174	164
Teaching	assistants					32	28
Support staff						130	133
						336	325
The following number		of employees		exceeding F60,000 emoluments:
860,001 -	670,000					22	19
670,001 -	680,000					3	3
680,001 -	690,000					3	3
f100,001	- 5110,000					1	1
6150,001	- 5160,000					1	1
f160,001	- 6170,000					1
6220,001	- 8230,000
f.'230,001	- 6240,000

COST OF FINANCE
		2022f	2021 f
Fees In Advance Scheme debt-financing	cost	9,256	11,278
Bank loan interest		264,468	219,230
Pension scheme financing cost			5,000
		273 724	235.506

Group and Sc	hool		Tangible	Assets
		Freehold	Motor	Assets
		Land &	Vehicles	Under	2022
		Buildings	& Equipment	Construction	Total
					f
Cost or valuation
At 1 September	2021	40,933,084	4,317,684	105,055	45,355,823
Additions		3,231,246	458,116		3,689,362
At 31August 2022		44,164,330	4,775,800	105,055	49045 185
Depreciation
At 1 September	2021	9,357,828	3,220,695		12,578,523
Charge in year		937,686	400,473		1,338,159
At 31 August 2022		10,295,514	3,621,168		13016601
Net book value	at 31 August 2022	33,868,816	1,154,632	105,055	35128503
Net book value	at 31 August 2021	31,680,313	1,096,987		32 777 300

Group investments - market value	2022f	2021 f
At 1 September	2,104,475	1,935,624
Liquidations	(143,078)	(250,868)
Unrealised (losses) / gains in market value	(49,787)	378,618
Realised gains on investment	1,980	41,101
	1,913,590	2,104,475
Investment in joint venture (note 3)	31,642	31,642
Group Investments at 31August	1,945,232	2,136,117
Investment in subsidary
School Investments at 31 August	1,945,233	2,136,118

			Group	Group	School	School
			2022 f	2021f	2022f	2021 f
Fees receivable			20,677	6,176	20,677	6,176
Amounts owed by subsidiary		and affiliated
companies				94,782	102,656	310,176
Other debtors			249,002	100,232	98,962	100,187
Prepayments	and accrued	income	334,009	420,712	334,009	420,712
			603,688	621,902	556,304	837,251

				Group	Group	School	School
				2022	2021	2022	2021
	Amounts falling due within 1 Year			8	E	E
	Advance fees			1,247,224	1,889,275	1,247,224	1,889,275
	Fees in Advance Scheme			383,533	388,131	383,533	388,131
	Trade creditors			1,069,411	646,005	1,069,411	646,005
	Other creditors			661,930	540,874	661,930	540,874
	Place deposits refundable			1,220,600	1,229,100	1,220,600	1,229,100
	Bank loan			883,333	883,333	883,333	883,333
	Accruals			542,037	167,924	540,112	166,099
				6,008,068	5,744,642	6,006,143	5742 817
	Advance fees refers tofees received		in a given	year which relate	to the provision	of education	in the immediately
	following academic year.
	Fees received which relate	to the provision ofeducation in more			than one future	academic year are reported as
	Fees in Advance Scheme (also see		note 14).
14.	CREDITORS			Group	Group	School	School
				2022	2021	2022	2021
	Amounts falling due after	1 year				6	E
	From one to two years:
	Fees in Advance Scheme			249,819	191,593	249,819	191,593
	Bank loan			883,333	883,333	883,333	883,333
				1 133,152	1.074.926	1,133,152	1,074,926
	From two to five years:
	Fees in Advance Scheme			271,627	256,029	271,627	256,029
	Bank loan			8,370,839	7,004,167	8,370,839	7,004,167
				8842 466	7260 196	8 842 466	7260 196
	More than five years:
	Bank loan				2,250,004		2,250,004
				9,775,618	10,585,126	9,775,618	10,585,126

			Tangible		Net Current	Long Term	Pension
			Fixed Assets	Investments	Liabilities	Creditors	Liability	Total 2022
							E
Unrestricted	funds
Designated Unrestricted		fixed asset reserves free reserves	30,684,168	1,726,084	(883,333) ~2, 199324	(9,254,173) ~521,445	~021,070	20,546,662 ~6775370
			30,684,168	1,726,084	(3,082,657)	(9,775,618)	(621,078)	18,930,899
Restricted funds				219,148	1,382,609			1,601,757
Endowment	funds
Permanent		endowment	4,444,335					4,444,335
			35,128,503	1,945,232	(1,700,049)	(9,775,618)	(621,078)	24,976,991

			Tangible			Net Current	Long Term	Pension
			Fixed Assets		Investments	Assets	Creditors	Liability	Total 2021
								E
Unrestricted	funds
Designated Unrestricted		fixed asset reserves free reserves	28,332,965		1,910,080	(883,334) -,33	(10,137,504) ~44,622	~81,282	17,312,127 546,839
			28,332,965		1,910,080	(927,671)	(10,585,126)	(871,282)	17,858,966
Restricted	funds				226,037	1,273,625			1,499,662
Endowment	funds
Permanent		endowment	4,444,335						4,444,335
			32777 3DII	.	2..136,117	345,054	~10,500,126	~871282	23.092,.963

Movement in funds
	2021							2022
	Balance
	Brought						Investment	Balance carried
	Forward			Income	Expenditure	Transfers	losses	forward
Endowment funds	2				2	2		5
Land 8 buildings	4,444,335							4,444,335
	4,444,335							4444 335
Restricted funds
Bursary funds Building funds Sundry restricted funds	1,169,320 76,411 253,931 1,499062		326,075 5,000 8,922 349997		(204,000) (15,958) ~21, 6 ~241 014		(4,584) ~30 6,888	1,286,811 65,453 249493 1 801757
Unrestricted funds
Designated fixed asset reserves Unrestricted free reserves Totalfunds	17,312,127 546839 ,858,866 23802963	21,614592 21,614,592 211164589			~20501,741 ~20,501,747 ~20 42 55	3,234,535 ~3234, 3	~0, ~40,919 ~47,807	20,546,662 1.515. 84 18,930898 24976990
	2020							2021
	Balance
	Brought						Investment	Balance carried
Endowment funds	Forward 2			Income 2	Expenditure 2	Transfersf	gains	forward 2
Land & buildings	4,444,335							4444 335
	4,444,335							4444 335
Restricted funds
Bursary funds	991,187		319,344		(163,483)		22,272	1,169,320
Building funds Sundry restricted funds	17,229 232,147 1,240, 63		80,000 , 8 443,626		(20,818) ~38,368		16,870 39142	76,411 253931 1499682
Unrestricted funds
Designated fixed asset reserves Unrestricted free reserves Total funds	15,423,579 1,246,328 6,669,90 9, 9, 8 22,3,0, , 19179478				~8,3 0,996 ~8,576,005 ~18370906	1,888,548 ~1,888548	360,577 380,577 419,719	17,312,127 546839 17858966 23,802,983

the liabilitie	s is assessed	as:
	~DD15	1	~DDtti 5-5	~55 5
2021/22 2020/21	K12,900 212,424		651,600 f49,694	K1,277,100 f1,242,350

					Equipment	Equipment
					2022	2021
					6	f
Contracts	due	to	expire	in less than one year	29,542	34,026
Contracts	due	to	expire	within one and two years	13,146	1,670
Contracts	due	to	expire	in two to five years		107
					42,689	35,803

				2022	2021
				6	E
Movements	during the		year:
Balance at	start of	year		871,282	891,320
Unwinding	of the discount rate			4,000	5,000
Contributions paid				(213,204)	(208,038)
Additional funding		(credit)/charge		41 000	183,000
Balance at	end of year			621 078	871,282
The amounts recognised in the SOFA for the years ended 31August 2022 and 31August 2021						were
as follows:
				2022	2021
						E
Amount recognised			in the SOFA:
Unwinding	of the	discount rate		4,000	5,000
Additional	funding	(credit)/charge		(41,000)	183,000

Year ended 31August 2021	Year ended 31August 2021	Unrestrictedf	Restricted	Endowment 8	Funds Total 6
Income and endowments	from:
School fees		16,776,522			16,776,522
Other income		1,896,435			1,896,435
Other trading activities
Activities of subsidiaries		150,000			150,000
Millennium Boat House		87,347			87,347
Investments
Investment income		55,470	6,045		61,515
Bank and other interest		108			108
Voluntary sources
Donations and grants		213,596	437,581		651,177
Total income		19,179,478	443,626		19623 104
Expenditure on:
Activities of subsidiaries		48,556			48,556
Cost of raising funds and development		5,462			5,462
Cost of finance		235,508			235,508
Charitable activities
Education and grant making		18,081,470	223,669		18,305,139
Total expenditure		18,370,996	223,669		18594665
Net Income from operations		808,482	219,957		1,028,439
before investments gains
Gains on investments		380,577	39,142		419,719
Net movements in funds for the year		1,189,059	259,099		1,448,158
Balances brought forward		16,669,907	1,240,563	4,444,335	22 354 805
Balances carried forward		17,858,966	1,499,662	4,444,335	23802963

		Balance at 1		Debt	Balance st 31
		September 2021	Cash-flow	Reclasslftcation	August 2022
Cash	at bank	5,459,817	(1,762,612)		3,697,205
Loans	falling due within one year	(883,333)	883,333	(883,333)	(883,333)
Loans	falling due after more than one year	(10,137,506		883,333	9,254,173
		5,581,022	879,279		6,440,301