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|||Page|
|---|---|---|
|Trustees'|Report|3-8|
|Auditor's|Report|9-12|
|Statement|of Financial Activities|13|
|Balance Sheet||14|
|Statement|ofCash Flows|15|
|Notes to the Accounts||16-25|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
|||Notes|2022
f|2022f|2022
f|2021
f|
|Incoming
Resources from;|||||||
|Donations
and legacies|||6,735||6,735|116,107|
|Charitable
activities|||||||
|School fees|||2,702,064||2702 064|2077 860|
|Other Income|||5,962||5,962|1,741|
|Investment
Income|||2||2|2|
|Total income|||2,714,763||2,714,763|2,195,710|
|Resources expended:|||||||
|Charitable
activities|||||||
|School running
costs||6/7|2,020,461|16,250|2,036,711|1,656,939|
|Total expenditure|||2,020,461|16,250|2,036,711|1,656,939|
|Net gains/(losses)
on|||||||
|investments|||||||
|Net income/(expenditure)
before transfers|||694,302|(16,250)|678,052|538,771|
|Transfers
between
funds|||||||
|Net movement
offunds|in||694,302|(16,250)|678,052|538,771|
|year|||||||
|Reconciliation
of funds|||||||
|Total funds brought
forward|||1,376,251|102,500|1,478,751|939,980|
|Total funds carried forward|||2,070,553|86,250|2,156,803|1,478,751|
|BA
AS AT|lANCE SHEET
31AUGUST 2022|||
|---|---|---|---|
||Notes|2022|2021|
|||E|6|
|Fixed Assets|||Restated|
|Tangible assets|11|915,622|923,926|
|Investments|12|125,000|125,000|
|||1,040,622|1,048,926|
|Current Assets||||
|Debtors|13|174,136|360,587|
|Cash at bank||1,877,155|788,570|
|||2,051,291|1,149,157|
|Creditors||||
|Amounts
due within one year|14|(683,860)|(423,082)|
|Net Current Assets||1367,431|726,375|
|Total Assets less current liabilities||2,408,053|1,775,001|
|Creditors||||
|Amounts
falling due after more
than one year|15|(251,250)|(296,250)|
|Total Net Assets||2,156,803|1,478,751|
|The Funds ofthe Charity||||
|Restricted
income funds|19|86,250|102,500|
|Unrestricted
income funds|18|2,070,553|1,376,251|
|Total Funds||. 56,833|1,478751|
|||||Notes|2022|2021|
|---|---|---|---|---|---|---|
||||||E|E|
|Cash used
in operating
activities||||21|1,202,924|319,104|
|Cash flows from investing|activities||||||
|Interest received|||||||
|Proceeds from the sale offixed assets|||||||
|Purchase offixed assets|||||(69,841)|(280,311)|
|Proceeds from the sale of|investments||||500||
|Purchase ofinvestments|||||||
|Cash provided
by investing|activities||||(69,339)|(280,309)|
|Cash flows from financing|activities||||||
|New loans in year|||||||
|Loan repayments
in year|||||(45,000)|(45,000)|
|Capital repayments
in year|||||||
||||||(45,000)|(45000)|
|Increase / (Decrease) in cash and cash equivalents|||in the year||1,088,585|(6,205)|
|Cash and cash equivalents|at the beginning|ofthe|year||788,570|794,775|
|Total cash and cash equivalents
at the end||ofthe|year||1,877,155|788,578|
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|ost of fixed assets, over their ex|pected
useful
lives o|
|---|---|
|Freehold
property|-2/0 on cost|
|Improvement
to property|-10/o on cost|
|Fixtures and fittings|-25/a on cost|
|Motor vehicles|-25%on cost|
|Computer
equipment|-25v/a on cost|
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##
||||2022|2021|
|---|---|---|---|---|
||||f|f|
|Donations|||6,735|114,917|
|Gift Aid||||1,190|
||||6,735|116,107|
|3.Income from|charitable|activities|||
||||2022|2021|
||||f|f|
|School fees|||2,702,064|2,077,860|
|4.Other income|||2022
f|2021
f|
|Fundra ising events|||5,962|1,741|
|5.Investment|income||2022
f|2021
f|
|Deposit account interest|||||
##
##
|6.School running|c|osts||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|E|
|Green room materials||||70,123|23,374|
|Tutors and class leaders||||877,262|724,914|
|School meals||||20,471|16,113|
|Green room trips||&activities||22,396|15,945|
|Social security||||86,265|60,690|
|Pension costs||||81,432|63,941|
|||||1,157,949|904,977|
|Support costs (note 7)||||878,762|751,962|
|Total school running|||costs|2,036,711|1,656,939|
|7.Support costs||||||
|||||2022|2021|
|||||E|E|
|Rent||||69,560|75,560|
|Rates and water||||5,315|5,113|
|insurance||||14,388|10,794|
|Light and heat||||14,716|7,031|
|Telephone||||6,721|5,358|
|Printing,
postage and|||stationery|8,709|5,711|
|Sundry expenses|||||1,378|
|Premises expenses||||31,408|21,664|
|Software, training||&resources||6,237|8,079|
|Consultancy||||3,500|20,159|
|Travel||||6,094|4,526|
|Accountancy
and bookkeeping||||11,896|2,455|
|Motor expenses||||11,349|7,581|
|Staff &student|welfare|||9,569|3,077|
|Donations||||92,385||
|Administration|salaries|||462,073|449,676|
|Administration|expenses|||45,946|34,658|
|Vehicle leasing||||469|6,971|
|Depreciation||||73,460|81,077|
|(Profit)/loss
on|disposal ofassets|||4,185|(160)|
|Equipment
leasing
Bank Charges||||782|1,093
161|
|||||878,762|119F2|
##
|et income/(expe|nditure)
isstated after charging/(crediting)|:||
|---|---|---|---|
|||2022|2021|
|||E|E|
|Depreciation||73,460|81.077|
|Other operating|leases|469|6,972|
|Auditors
remuneration||2,700|2,700|
|(Surplus)/deficit|on disposal of fixed|4,185|(160)|
|assets||||
##
|The average monthly
number ofemployees
dur|ing the year was:||
|---|---|---|
||2022|2021|
||No|No|
|Teachers|29|21|
|Administration|13|12|
|Total|42|33|
|10.Staff Costs|||
||2022|2021|
||E|E|
|Wages and salanes|1,236,641|1,045,060|
|Social security costs|126,540|98,904|
|Pensions|121,765|94,142|
||1,484,946|1,238,106|
|he number ofemployees
whose employment
xceeded E60,000was;|benefit (excluding employer
pension c|osts)|
|---|---|---|
||2022|2021|
|660,001-670,000|1|2|
|E70,001-E80,000|||
|E80,001-690,000|||
|E90,001-6100,000|1|1|
||2|3|
##
|11.Tangible fixed assets
FOR THE YE|AR ENDED 31AUGUST 2022|||
|---|---|---|---|
|||Improvements|Fixtures|
||Freehold|to|&Fittings|
||Property|Property||
||E|E||
|Cost||||
|At 1September 2021|553,265|436,432|67,317|
|Additions||4,859|8,801|
|Disposal||(310)|(19,616)|
|At 31August 2022|553,265|440981|56 502|
|Depreciation||||
|At 1September 2021|18,195|82 099|51592|
|Charge for the year|6,065|39,835|6,105|
|Eliminated
on disposal||(41)|(16,911)|
|At 31August 2022|24,260|121,893|40,786|
|Net book value||||
|At 31August 2022|529,005|319,088|15,716|
|At 31August 2021|535,070|354,333|15,725|
||Motor|Computer|Total|
||vehicles|equipment||
||E|E||
|Cost||||
|At 1September 2021|14,500|96,676|1,168,190|
|Additions|41,004|15,177|69,841|
|Disposals||(30,901)|(50,827)|
|At 31August 2022|55,504|80,952|1,187,204|
|Depreciation||||
|At 1September 2021|14,500|77,878|244,264|
|Charge for the year|8,951|12,504|73,460|
|Eliminated
on disposal||(29,190)|(46,142)|
|At 31August 2022|23,451|61 192|271.582|
|Net book value||||
|At 31August 2022|32,053|19,760|915,622|
|At31August 2021||18,798|923,926|
##
|2.Fixed asset investments||
|---|---|
||Shares in|
||associate|
||E|
|Market value||
|At 1September 2021|125,000|
|Additions||
|Disposals||
|At 31August 2022|125,000|
|Net book value||
|At 31August 2022|125,000|
|At 31August 2021|125,000|
|Associate|||||
|---|---|---|---|---|
|Name||Holdings|||
|Swan Clewer CIC||25'Yo|||
||||2022|2021|
||||f|E|
|Aggregate|capital and reserves||511,691|484,570|
|Profit / (Loss) for the year|||27,121|37,184|
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||E|E|
||||||Restated|
|Trade|debtors|||163,254|352,378|
|Other|debtors|and|prepayments|10,882|8,209|
|||||174,136|360,587|
##
|4.Creditors -A|mounts
Falling Due Within One Year|||
|---|---|---|---|
|||2022|2021|
|||E|E|
||||Restated|
|Otherloans||45,000|45,000|
|Trade creditors||8,535|7,214|
|Social security|and other taxes|32,720|30,873|
|Other creditors||2,500||
|Fees received|in advance|590,055|334,500|
|Accrued expenses||5,050|5,495|
|||683,860|423,082|
|15.Credito|rs -Amounts
Falling Due After More Than One Year|||
|---|---|---|---|
|||2022|2021|
|||E|F.|
|Other loans (note 16)||251250|296 250|
|||251,250|296,250|
|16.Loans||||
|||2022|2021|
|||E|E|
|Amounts|failings due within one year:|||
|Mortgage||45,000|~45 000|
|Amounts|falling due between one and two years:|||
|Mortgage||45,000|~45 000|
|Amounts|falling due between two and five years;|||
|Mortgage||135000|135000|
|Amounts|falling due in more than five years:|||
|Mortgage||71,250|116,250|
##
##
|Current yea|r|||||
|---|---|---|---|---|---|
||||||2022|
||||Fixed|Net|Total|
||||Assets|Assets|Assets|
||||f|f|f|
|Restricted|Funds||86,250||86,250|
|Unrestricted|Funds||954,372|1,116,181|2070553|
||||1,040,622|1,116,181|2,156,803|
|Previous year|||||2021|
||||Fixed|Net|Total|
||||Assets|Assets|Assets|
||||f|f|f|
|Restricted|Funds||102,500||102,500|
|Unrestricted|Funds||946426|429 825|1376251|
||||1,048,926|4IZ9,825|1,478,751|
|18.Movements||on Funds||||
##
|revious year|||||||
|---|---|---|---|---|---|---|
|||Balance||||Balance|
|||01.09.20
f|Income
f|Expenditure
E|Gains/losses
f|31.08.21
f|
|Unrestricted|funds||||||
|General funds||921230|2,095,710|~264tl.689||1,376,251|
|||921,230|2,095,710|(1,640,689)||1,376,251|
|urrent Year|||||||
|||Balance||||Balance|
|||01.09.21
f|Income
f|Expenditure
f|Gains/losses
f|31.08.22
f|
|Unrestricted|funds||||||
|General funds||1,376,251|2,714,763|~2,020,462||2 070,553|
|||1,376,251|2,714,763|(2,020,461)||2,070,553|
##
##
##
||Balance||||Balance|
|---|---|---|---|---|---|
||01.09.120
E|Income
f|Expenditure
f|Transfers
f|31.08.21
f|
|Restricted funds
Fixed asset fund|18,750|100,MO|~16,250i||102,500|
||18,750|100,000|(16,250)||102,500|
|urrent year||||||
||Balance||||Balance|
||01.09.21|Income|Expenditure|Transfers|31.08.22|
||E|f|E|E|E|
|Restricted funds||||||
|Fixed asset fund|102,500||(16,250)||86,250|
||102,500||(16,250)||86,250|
##
##
##
|||2022|2021|
|---|---|---|---|
|||E|f|
|Net income for the year (as per the Statement of Financial
Activities)||678,052|538,771|
|Add back depreciation|charge|73,460|81,077|
|(Gains)/loss
on investments||||
|(Profit/loss
on disposal|offixed asset)|4,185||
|Interest received||(2)|(2)|
|Decrease/(Increase)
in|debtors|186,451|(339,953)|
|Increase/(decrease)
in|creditors|260,778|39,211|
|Net cash used in operating
activities||1,202,924|319,104|