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|||Page|
|---|---|---|
|Trustees'<br>report||1-18|
|Statement oftrustees'|responsibilities|19|
|Independent<br>auditor's|report|20-22|
|Statement<br>offinancial|activities|23|
|Balance sheet||24-25|
|Statement<br>ofcash flows||26|
|Notes to the financial|statements|27-36|





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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
||Notes|2022<br>f|2022<br>f|2022f|2021<br>f|2021<br>f|2021f|
|Income from:||||||||
|Donations<br>and||||||||
|legacies<br>Charitable<br>activities|2<br>3|14341<br>3,083,422||14,341<br>3,083,422|192,443<br>2,434,165||192,443<br>2,434,165|
|Total income||3,097,763||3,097,763|2,626,608||2,626,608|
|Charitable<br>activities|4|2,855,008||2,855,008|2,259,494||2,259,494|
|Other||116,511||116,511|68,681||68,681|
|Total expenditure||2,971,519||2,971,519|2,328,175||2,328,175|
|Net income for the year/<br>Net movement<br>in funds||126,244||126,244|298,433||298,433|
|Fund balances at 1<br>September 2021||1,924,495|4,895,196|6,819,691|1,626,062|4,895,196|6,521,258|
|Fund balances at 31<br>August 2022||2,050,739|4,895,196|6,945,935|1,924,495|4,895,196|6,819,691|





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||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Fixed assets||||||||
|Intangible|assets||11||||33,864|
|Tangible assets|||12||8,991,376||8,941,890|
||||||8,991,376||8,975,754|
|Current assets||||||||
|Debtors||||287,506||163,647||
|Cash at bank and in||hand||373,004||207,385||
|||||660,510||371,032||
|Creditors:|amounts|falling due within||||||
|one year|||15|(1,202,444)||(898,703)||
|Net current|liabilities||||(541,934)||(527,671)|
|Total assets less current liabilities|||||8,449,442||8,448,083|
|Creditors:|amounts|falling due after||||||
|more than|one year||16||(1,503,507)||(1,628,392)|
|Net assets|||||6,945,935||6,819,691|
|Income funds||||||||
|Restricted|funds||||4,895,196||4,895,196|
|Unrestricted|funds||||2,050,739||1,924,495|
||||||6,945,935||6,819,691|





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||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Cash flows from operating||activities||||||
|Cash generated<br>from operations|||19||397,613||247,002|
|Investing|activities|||||||
|Purchase|oftangible fixed assets|||(107,108)||(43,596)||
|Net cash|used in investing|activities|||(107,108)||(43,596)|
|Financing|activities|||||||
|Repayment|ofbank loans|||(124,886)||(104,709)||
|Net cash|used in financing|activities|||(124,886)||(104,709)|
|Net increase<br>in cash and cash equivalents|||||165,619||98,697|
|Cash and|cash equivalents|at beginning|ofyear||207,385||108,688|
|Cash and|cash equivalents|at end of|year||373,004||207,385|





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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2022f|2021|
|Donations|and gifts|6,951|8,019|
|Government|grants|7,390|184,424|
|||14,341|192,443|



## 

|||2022|2021|
|---|---|---|---|
||||F|
|School fees within charitable|activities|2,767,243|2,304,185|
|Other income within charitable|activities|316,179|129,980|
|||3,083,422|2,434,165|





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|Charitable<br>activities||||
|---|---|---|---|
|||School|School|
|||activities|activities|
|||2022|2021|
|Staff costs||1,595,072|1,272,377|
|Depreciation<br>and impairment<br>Hire ofplant and equipment<br>Other operating<br>leases<br>Rates and water||41,202<br>4,746<br>12,057<br>40,595|33,871<br>2,915<br>932<br>43,698|
|Insurance||23,213|18,557|
|Light and heat<br>Telephone<br>Postage and stationery<br>Sundries||59,927<br>6,415<br>30,071<br>39,411|28,583<br>10,563<br>23,301<br>13,021|
|Books and exam fees||28,809|31,559|
|Canteen<br>and welfare||66,958|43,680|
|Advertising<br>Computer<br>and software<br>Fire and security<br>Cleaning<br>Repairs and maintenance<br>School bus||26,674<br>44,975<br>2,183<br>23,975<br>16,922<br>14,904|34,110<br>14,793<br>6,716<br>14,035<br>26,306<br>11,977|
|Legal and professional<br>Student related||82,675<br>91,613|61,079<br>22,581|
|Travel and subsistence||3,760|111|
|Uniform||501|550|
|Recruitment<br>costs||14,387|18,434|
|Bank charges<br>Bad debt provision||1,115<br>49,212|51<br>68,564|
|||2,321,372|1,802,364|
|Grant funding<br>ofactivities (see note 5)<br>Share ofgovernance<br>costs (see note 6)||521,526<br>12,110|446,930<br>10,200|
|||2,855,008|2,259,494|





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||||School|School|
|---|---|---|---|---|
||||activities|activities|
||||2022|2021|
||||f|f|
|Grants|to|institutions:|||
|Grants|to|individuals|521,526|446,930|
||||521,526|446,930|



## 

|Support|costs|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2022|Support|Governance|2021|
|||costs|costs||costs|costs||
|||f|f|f|f|||
|Audit fees|||8,400|8,400||7,800|7,800|
|Legal and|professional||3,710|3,710||2,400|2,400|
||||12,110|12,110||10,200|10,200|
|Analysed|between|||||||
|Charitable|activities||12,110|12,110||10,200|10,200|



## 

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|The average|monthly<br>number ofemployees<br>during t|he year was:||
|---|---|---|---|
|||2022|2021|
|||Number|Number|
|Management|staff|3|3|
|Teaching||48|42|
|Total||51|45|





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|8|Employees||(Continued)|
|---|---|---|---|
||Employment<br>costs|||
||Wages and salaries<br>Social security costs|1,478,033<br>117,039|1,187,359<br>85,018|
|||1,595,072|1,272,377|



|Other||||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2022|2021|
|Net loss on disposal ofintangible<br>Net loss on disposal oftamgible<br>Other interest|fixed assets<br>fixed assets|33,864<br>16,421<br>5,162|3,993<br>6,606|
|Financing costs||61,064<br>116,511|58,082<br>68,681|



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|Intangible<br>fixed assets|||
|---|---|---|
||Development|costs|
|||f|
|Cost|||
|At 1 September 2021<br>Disposals|33,864<br>(33,864)||
|At 31August 2022|||
|Amortisation<br>and impairment|||
|At 1 September 2021 and 31 August 2022|||
|Carrying<br>amount|||
|At 31August 2022|||
|At 31 August 2021||33,864|





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|12|Tangible fixed assets|Tangible fixed assets|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Freehold|land|Fixtures and|Computers|Motor|vehicles|Total|
|||||and buildings||fittings|||||
||||||f|E|||||
||Cost||||||||||
||At 1 September 2021|||8,756,435||333,519|108,334||12,?45|9,211,033|
||Additions|||10,443||67,141|29,524|||107,108|
||Disposals|||||(29,090)|(43,461)|||(72,551)|
||At 31August|2022||8,766,878||371,570|94,397||12,745|9,245,590|
||Depreciation|and impairment|||||||||
||At 1 September 2021|||||180,9?9|77,686||10,477|269,142|
||Depreciation|charged|in the year|||31,420|9,026||756|41,202|
||Eliminated<br>in|respect ofdisposals||||(21,450)|(34,680)|||(56,130)|
||At 31August|2022||||190,949|52,032||11,233|254,214|
||Carrying<br>amount||||||||||
||At 31August|2022||8,766,878||180,621|42,365||1,512|8,991,376|
||At 31 August|2021||8,756,435||152,539|30,648||2,268|8,941,890|



## 

|Debtors||||
|---|---|---|---|
|||2022|2021|
|Amounts<br>falling due within one year:|||F|
|Trade debtors||201,769|89,849|
|Other debtors||17,708|19,408|
|Prepayments|and accrued income|68,029|54,390|
|||287,506|163,647|



## 

|||2022|2021|
|---|---|---|---|
|Bank loans||1,629,161|1,754,046|
|Payable|within one year|125,654|125,654|
|Payable|after one year|1,503,507|1,628,392|





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|15|Creditors: amounts|falling due w|ithin one year|||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||||Notes||E|
||Bank loans||||14|125,654|125,654|
||Other taxation and social security|||||2,304|2,298|
||Trade creditors|||||58,874|36,811|
||Deposits and deferred<br>Accruals|income||||1,003,960<br>11,652|722,807<br>11,133|
|||||||1,202,444|898,703|
|16|Creditors: amounts|falling due after more than||one year||||
|||||||2022|2021|
||||||Notes|f.|F|
||Bank loans||||14|1,503,507|1,628,392|
|17|Analysis ofnet assets between <br>Unrestricted||funds<br>Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||2022|2022<br>f.|2022<br>E|2021<br>f|2021<br>f.|2021|
||Fund balances|||||||
||at 31August|||||||
||2022 are|||||||
||represented|||||||
||by:|||||||
||intangible<br>fixed<br>assets||||33,864||33,864|
||Tangible assets|8,991,376||8,991,376|2,292,648|6,649,242|8,941,890|
||Current<br>assets/(liabilities)|(541,934)||(541,934)|(402,017)|(125,654)|(527,671)|
||Long term<br>liabilities|(1,503,507)||(1,503,507)|(1,628,392)||(1,628,392)|
|||6,945,935||6,945,935|296,103|6,523,588|6,819,691|





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||There were no disclosable<br>related|There were no disclosable<br>related|There were no disclosable<br>related|There were no disclosable<br>related|party|transactions|during the year (2021 - none).|||
|---|---|---|---|---|---|---|---|---|---|
|1S|Cash generated|from|operations|||||2022|2021|
|||||||||F|f|
||Surplus for the year|||||||126,244|298,433|
||Adjustments<br>for:|||||||||
||Loss on disposal|oftangible||fixed|assets|||16,421|3,993|
||Loss on disposal|of intangible||assets||||33,864||
||Depreciation<br>and|impairment||oftangible||fixed assets||41,202|33,871|
||Movements<br>in working||capital:|||||||
||(Increase)/decrease<br>in||debtors|||||(123,859)|143,919|
||Increase/(decrease)<br>in||creditors|||||303,741|(233,214)|
||Cash generated|from|operations|||||397,613|247,002|
|20|Analysis ofchanges||in net|(debt)/funds||||||
||||||||At 1 September|Cash flows|At 31August|
||||||||2021||2022|
||||||||||f|
||Cash at bank and|in hand|||||207,385|165,619|373,004|
||Loans falling due|within|one|year|||(125,654)||(125,654)|
||Loans falling due|after|more|than|one year||(1,628,392)|124,885|(1,503,507)|
||||||||(1,546,661)|290,504|(1,256,157)|