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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|11|
|Report ofthe Independent
Auditors|12|to|14|
|Statement ofFinancial Activities||15||
|Balance Sheet||16||
|Cash Flosv Statement||17||
|Notes to the Cash Flow Statement||18||
|Notes to the Financial Statements|19|to|29|
|Detailed Statement ofFinancial Activities||30||
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|||for t|he Year E|nded 31August|2022|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes||||f|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies|||3|31,006|46,825|77,831|67,484|
|Other trading activities|||4|8,809,447||8,809,447|8,550,783|
|Investment
income|||5|19,234||19,234|22,836|
|Other income||||1,243||1,243||
|Total||||8,860,930|46,825|8,907,755|8,641,103|
|EXPENDITURE ON||||||||
|Charitable
activities|||6|||||
|Education||||7,752,409||7,752,409|7,218,275|
|NET INCOME||||1,108,521|46,825|1,155,346|1,422,828|
|Transfers
between
funds|||19|455,006|(455,006)|||
|Net movement
in funds||||1,563,527|(408,181)|1,155,346|1,422,828|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||10,241,044|408,181|10,649,225|9,226,397|
|TOTAL FUNDS CARRIED FORWARD||||11,804,571||11,804,571|10,649,225|
##
|||||2022|2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets|12|6,780,169||6,780,169|6,542,285|
|CURRENT ASSETS||||||
|Debtors|13|2,657,592||2,657,592|3,534,558|
|Cash at bank and in hand||5,337,945||5,337,945|3,772,010|
|||7,995,537||7,995,537|7,306,568|
|CREDITORS||||||
|Amounts
falling due within one year|14|(2,971,135)||(2,971,135)|(3,143,342)|
|NKT CURRENT ASSETS||5,024,402||5,024,402|4,163,226|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||11,804,571||11,804,571|10,705,511|
|CREDITORS||||||
|Amounts
falling due after more than one year|15||||(56,286)|
|NET ASSETS||11,804,571||11,804,571|10,649,225|
|FUNDS|19|||||
|Unrestricted
funds||||11,804,571|10,241,044|
|Restricted funds|||||408,181|
|TOTAL FUNDS||||11,804,571|10,649,225|
||||||Cash Flow Statement|||
|---|---|---|---|---|---|---|---|
|||||for the|Year Ended 31 August|2022||
|||||||2022|2021|
|||||Notes||||
|Cash tloivs from|operating||activities|||||
|Cash generated
from operations||||||2,036,194|1,042,812|
|Interest paid||||||(159)|(2,562)|
|Net cash provided|by operating
activities|||||2,036,035|1,040,250|
|Cash lloivs from|investing||activities|||||
|Purchase oftangible
fixed assets||||||(406,130)|(173,712)|
|Sale oftangible
fixed assets||||||1,600||
|Interest received||||||2,346|190|
|Net cash used in|investing|activities||||(402,184)|(173,522)|
|Cash floivs from|financing||activities|||||
|Loan repayments|in year|||||(67,916)|(11,229)|
|Net cash used in|financing||activities|||(67,916)|(11,229)|
|Change
in cash|and cash|equivalents||in||||
|the reporting
period||||||1,565,935|855,499|
|Cash and cash equivalents|||at the|||||
|beginning
ofthe|reporting||period|||3,772,010|2,916,511|
|Cash and cash equivalents|||at the end|of||||
|the reporting
period||||||5,337,945|3,772,010|
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|||||||
|---|---|---|---|---|---|
|RECONCILIATION||OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES||||
|||||2022|2021|
|Net income for the|reporting||period (as per the Statement of|||
|Financial Activities)||||1,155,346|1,422,828|
|Adjustments
for:||||||
|Depreciation
charges||||167,889|157,503|
|Profit on disposal offixed assets||||(1,243)||
|Interest received||||(2,346)|(190)|
|Interest paid||||159|2,562|
|Decrease/(increase)|in|debtors||876,966|(1,025,948)|
|(Decrease)/increase|in|creditors||(160,577)|486,057|
|Net cash provided
by||operations||2,036,194|1,042,812|
##
|||At 1.9.21|Cash flow|At 31.8.22|
|---|---|---|---|---|
|Net cash|||||
|Cash at bank and in hand||3,772,010|1,565,935|5,337,945|
|||3,772,010|],565,935|5,337,945|
|Debt|||||
|Debts falling due within|I year|(11,631)|11,631||
|Debts falling due after I|year|(56,286)|56,286||
|||(67,917)|67,917||
|Total||3,704,093|1,633,852|5,337,945|
##
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|Tangible|fixed assets||||
|---|---|---|---|---|
|Freehold|property|Straight|line over|50 years|
|Assets under construction||Straight|line over|50 years|
|Plant and|machinery|20% on|reducing|balance|
|Fixtures|and fittings|20% on|reducing|balance|
|Motor vehicles||25% on|reducing|balance|
|Computer|equipment|33%on|cost||
##
##
##
|DONATIONS
AND LEGACIES|||
|---|---|---|
||2022|2021|
|Donations|26,256|3,685|
|Grants|51,575|63,799|
||77,831|67,484|
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||EFA capital|grant|||31,825|33,799|
||Talbot Village Tnrst||||15,000||
||The Edward|Gostling Foundation||||5,000|
||Wooden Spoon Society|||||25,000|
||SEND Partnership||||2,500||
||Nineveh
Trust||||2,000||
||The Sheiling|Ringwood|College||250||
||||||51,575|63,799|
|4.|OTHER TRADING ACTIVITIES||||||
||||||2022|2021|
|||||||f,|
||Fundraising|events|||1,010|78|
||Fees||||8,741,504|8,290, 135|
||Camps and
Other|respite|||66,933|194,211
66,359|
||||||8,809,447|8,550,783|
|5.|INVESTMENT INCOME||||||
||||||2022|2021|
||Rents received||||16,888|22,646|
||Deposit account interest||||2,346|190|
||||||19,234|22,836|
|6.|CHARITABLE ACTIVITIES COSTS||||||
||||||Suppots||
|||||Direct|costs (see||
|||||Costs|note 7)|Totals|
||Education|||7,613,665|138,744|7,752,409|
##
|SUPPORT COSTS||||
|---|---|---|---|
||||Goventance|
||||costs|
|Education|||138,744|
|NET INCOME/(EXPENDITURE)||||
|Net income/(expenditure)|is stated aller charging/(crediting):|||
|||2022|2021|
|Depreciation
—owned assets||167,889|157,503|
|Surplus
on disposal offixed assets||(1,243)||
|Auditors
remuneration|for audit services|7,750|7,300|
##
##
##
##
|STAF|F COSTS|||
|---|---|---|---|
|||2022|2021|
|Wages|and salaries|5,793,200|5,358,860|
|Social|security costs|465,837|387,258|
|Other|pension costs|353,588|329,660|
|||6,612,625|6,075,778|
##
|2022|2021|
|---|---|
|239|256|
|The num|b|er ofemployees
whose employee
benefits|(excluding
employer
pension costs) exceeded|f60000 w|
|---|---|---|---|---|
||||2022|2021|
|f60,001|-|f70,000|3||
|f80,001|-|890,000|I||
|11.|COMPARATIVKS FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVKS FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVKS FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVKS FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
||INCOME AND ENDOWMENTS||FROM||||
||Donations
and legacies|||3,685|63,799|67,484|
||Other trading activities|||8,550,783||8,550,783|
||lnvesnnent
income|||22,836||22,836|
||Total|||8,577,304|63,799|8,641,103|
||EXPENDITURE ON||||||
||Charitable
activities||||||
||Education|||7,172,202|46,073|7,218,275|
||NET INCOME|||1,405, 102|17,726|1,422,828|
||RECONCILIATION|OF FUNDS|||||
||Total funds brought|forward||8,835,942|390,455|9,226,397|
||TOTAL FUNDS CARRIED FORWARD|||10,241,044|408,181|10,649,225|
|12.|TANGIBLE FIXED|ASSETS|||||
||||||Assets||
|||||Freehold|under|Plant and|
|||||property|construction|machinery|
|||||6|||
||COST||||||
||At I September 2021|||6,386,072|57,927|22,932|
||Additions||||196,016|5,994|
||Disposals||||||
||Transfer to ownership||||(253,943)||
||At 31 August 2022|||6,386,072||28,926|
||DEPRECIATION||||||
||At I September 2021|||315,379||14,416|
||Charge for year|||46,060||2,702|
||Eliminated
on disposal||||||
||At 31 August 2022|||361,439||17,118|
||NKT BOOK VALUE||||||
||At 31 August 2022|||6,024,633||11,808|
||At 31 August 2021|||6,070,693|57,927|8,516|
##
##
|12.|TANGIBLE FIXED|A|SSETS- continued||||
|---|---|---|---|---|---|---|
||||Fixtures||||
||||and|Motor|Computer||
||||fittings|vehicles|equipment|Totals|
||||||8||
||COST||||||
||At I September 2021||858,069|98,517|486,109|7,909,626|
||Additions||176,207|4,894|23,019|406,130|
||Disposals
Transfer to ownership||253,943|(3,060)||(3,060)|
||At 31 August 2022||1,288,219|100,351|509,128|8,312,696|
||DEPRECIATION||||||
||At I September 2021||478,250|80,717|478,579|1,367,341|
||Charge for year||104,333|5,461|9,333|167,889|
||Eluninated
on disposal|||(2,703)||(2,703)|
||At 31 August 2022||582,583|83,475|487,912|1,532,527|
||NET BOOK VALUE||||||
||At 31 August 2022||705,636|16,876|21,216|6,780,169|
||At 31 August 2021||379,819|17,800|7,530|6,542,285|
|13.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||2022|2021|
||Trade debtors||||2,510,471|3,386,737|
||Other debtors||||33,133|32,205|
||Prepayments
and accrued||income||113,988|115,616|
||||||2,657,592|3,534,558|
|14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||2022|2021|
||Bank loans and overdratts||(see note 16)|||11,631|
||Trade creditors||||148,025|432,465|
||Social security and other||taxes||104,213|83,120|
||Other creditors||||77,041|68,873|
||Accruals and deferred|income|||2,641,856|2,547,253|
||||||2,971,135|3,]43,342|
##
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|Bank loans|(see note 16)||||56,286|
|LOANS||||||
|An analysis|ofthe maturity||ofloans is given below:|||
|||||2022|2021|
|||||f,||
|Amounts
falling due within|||one year on demand:|||
|Bank loans|||||11,631|
|Amounts
falling between||one and two years:||||
|Bank loans|- 1-2 yems||||12,044|
|Amounts
falling due between two and five years:||||||
|Bank loans|—2-5 years||||44,242|
##
||2022|2021|
|---|---|---|
|Within one year|17,411|27,769|
|Between one and five years|31,327|10,331|
||48,738|38,100|
##
##
|MOVEMEN|T
IN FUN|DS|||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.9.21|in funds|funds|31.8.22|
|Unrestricted|funds||||||
|General
fund|||9,741,044|1,108,521|955,006|11,804,571|
|COVID-19 reponse|||500,000||(500,000)||
||||10,241,044|1,108,521|455,006|11,804,571|
|Restricted
funds|||||||
|ESFA capital|funding||174,416|31,825|(206,241)||
|College double classroom|||202,286||(202,286)||
|Other capital|projects||31,479||(31,479)||
|Sensory Garden||||15,000|(15,000)||
||||408,181|46,825|(455,006)||
|TOTAL FUNDS|||10,649,225|1,155,346||11,804,571|
|Net movement|in funds,|included|in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||||f,|
|Unrestricted|funds||||||
|General
fund||||8,860,930|(7,752,409)|1,108,521|
|Restricted
funds|||||||
|ESFA capital|funding|||31,825||31,825|
|Sensory Garden||||15,000||15,000|
|||||46,825||46,825|
|TOTAL FUNDS||||8,907,755|(7,752,409)|1,155,346|
##
##
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.9.20|in funds|31.8.21|
|Unrestricted|funds|||||
|General
fund|||8,335,942|1,405, 102|9,741,044|
|COVID-19 reponse|||500,000||500,000|
||||8,835,942|1,405,102|10,241,044|
|Restricted
funds||||||
|ESFA capital|funding||141,045|33,371|174,416|
|College double classroom|||204,386|(2,100)|202,286|
|Other capital|projects||38,024|(6,545)|31,479|
|Sensory Garden|||7,000|(7,000)||
||||390,455|17,726|408,181|
|TOTAL FUNDS|||9,226,397|1,422,828|10,649,225|
|Comparative|net movement|in funds, included|in the above are as follows:|||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|Unrestricted|funds|||||
|General
fund|||8,577,304|(7, 172,202)|1,405, 102|
|Restricted
funds||||||
|ESFA capital|funding||33,799|(428)|33,371|
|College double classroom||||(2,100)|(2,100)|
|Other capital|projects|||(6,545)|(6,545)|
|Sensory Garden|||30,000|(37,000)|(7,000)|
||||63,799|(46,073)|17,726|
|TOTAL FUNDS|||8,641,103|(7,218,275)|1,422,828|
##
##
|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1.9.20|in funds|funds|31.8.22|
|Unrestricted||funds|||||
|General|fund||8,335,942|2,513,623|955,006|11,804,571|
|COVID-19 reponse|||500,000||(500,000)||
||||8,835,942|2,513,623|455,006|11,804,571|
|Restricted
funds|||||||
|ESFA capital||funding|141,045|65,196|(206,241)||
|College|double classroom||204,386|(2,100)|(202,286)||
|Other capital||projects|38,024|(6,545)|(31,479)||
|Sensory|Garden||7,000|8,000|(15,000)||
||||390,455|64,551|(455,006)||
|TOTAL|FUNDS||9,226,397|2,578,174||11,804,571|
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|||f.||
|Unrestricted
funds||||
|General fund|17,438,234|(14,924,611)|2,513,623|
|Restricted
funds||||
|ESFA capital funding|65,624|(428)|65,196|
|College double classroom||(2,100)|(2,100)|
|Other capital projects||(6,545)|(6,545)|
|Sensory Garden|45,000|(37,000)|8,000|
||110,624|(46,073)|64,551|
|TOTAL FUNDS|17,548,858|(14,970,684)|2,578,174|
|Restricted
funds||||
##
##
##
##
||||for the Year Ended 3|1August 2022||
|---|---|---|---|---|---|
|||||2022|2021|
|INCOME AND ENDOWMENTS||||||
|Donations
and|legacies|||||
|Donations||||26,256|3,685|
|Grants||||51,575|63,799|
|||||77,831|67,484|
|Other trading|activities|||||
|Fundraising
events||||1,010|78|
|Fees||||8,741,504|8,290,135|
|Camps and respite|||||194,211|
|Other||||66,933|66,359|
|||||8,809,447|8,550,783|
|Investment
income||||||
|Rents received||||16,888|22,646|
|Deposit account interest||||2,346|190|
|||||19,234|22,836|
|Other income||||||
|Gain on sale oftangible|||fixed assets|1,243||
|Total incomiug|resources|||8,907,755|8,641,103|
|EXPENDITURE||||||
|Charitable
activities||||||
|Wages||||5,793,200|5,358,860|
|Social security||||465,837|387,258|
|Pensions||||353,588|329,660|
|Advertising||||7,231|4,972|
|Sundries||||21,923|37,760|
|Teaching materials||and equipment||140,294|130,514|
|Utilities
and runnhig||costs||663,544|747,762|
|Depreciation oftangible|||fixed assets|167,889|157,503|
|Bank loan interest||||159|2,562|
|||||7,613,665|7,156,851|
|Support costs||||||
|Governance|costs|||||
|Accountancy|and|legal|fees|138,744|61,424|
|Total resources|expended|||7,752,409|7,218,275|
|Net income||||1,155,346|1,422,828|