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|---|---|---|---|
|Information||||
|Trustees'|report and director report|||
|Statement|of directors'|responsibilities||
|Independent
auditor's||report|6-8|
|Statement|of financial|activities||
|Balance sheet|||10|
|Statement|ofcash flows|||
|Statement|ofchanges|in equity|12|
|Notes to the financial||statement|13-20|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|2023|2022|
||Notes|E|6||
|Income from:|||||
|School fee income|3|377924|377,924|198,461|
|Investments|4|10|10|8|
|Total income||377,934|377,934|198,469|
|Expenditure
on:
Raising funds
Charitable
activities|5
6|1,307
377,266|1,307
377,266|1,389
200,556|
|Interest payable
Total resources expended||1,794
380,367|1,794
380,367|2,089
204,034|
|Other operating
income||3,904|3,904|11,560|
|Net income for the year/||1,471|1,471|5,995|
|Net movement
in funds|||||
|Fund balances at 1 September 2022||11,372|11,372|5,377|
|Fund balances at 31August 2023||12,843|12,843|11,372|
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|as at 31August|2|023||||||
|---|---|---|---|---|---|---|---|
||||Notes||2023||2022|
||||||6|||
|Fixed assets||||||||
|Tangible assets|||||3,584,881||11,905|
|Current assets||||||||
|Debtors|||12|55,094||54,000||
|Cash at bank and|in|hand||1,438||2,780||
|||||56,532||56,780||
|Creditors: amounts||falling due||||||
|within one year|||13|(20,570)||(19,813)||
|Net current assets|||||35,962||36,967|
|Total assets less|current|||||||
|liabilities|||||3,620,843||48,872|
|Creditors: amounts||falling due||||||
|after more than one||year|14||(33,000)||(37,500)|
|Net assets|||||3,587,843||11,372|
|income funds||||||||
|Revaluation
reserve|||15||3,575,000|||
|Unrestricted
funds|||||12,843||11,372|
||||||3,587,843||11,372|
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||||||Notes|f|2023||f|2022
f|
|---|---|---|---|---|---|---|---|---|---|---|
|Cash flows from operating||activities|||||||||
|Cash generated
from/(absorbed|||by)||17|||(1,352)||(21,799)|
|operations|||||||||||
|Investing|activities||||||||||
|Purchase|oftangible fixed assets||||||||||
|Interest received||||||10|||||
|Net cash|generated
fram/(used||in) investing||||||||
|activities||||||||10|||
|Financing|activities||||||||||
|Repayment|of bank loans||||||||||
|Net cash|used in financing|activities|||||||||
|Net increase in cash and cash|||equivalents|||||(1,342)||(21,791)|
|Cash and|cash equivalents|at beginning||ofyear||||2,780||24,571|
|Cash and|cash equivalents|at end of||year||||1,438||2,780|
##
|for the year ended||31August 2023||||||
|---|---|---|---|---|---|---|---|
||||Share|Share|Re-|Progt|Total|
||||capital|premium|valuation|and loss||
||||||reserve|account||
||||||E|5||
|At 1 September
2021||||||5,377|5,377|
|Profit for the financial|year|||||5,995|5,995|
|At 31August 2022||||||11,372|11,372|
|At 1 September 2022||||||11,372|11,372|
|Profit for the anancial|year|||||1,471|1,471|
|Gain an revaluatian|of|land and||||||
|buildings|||||3,575,000||3,575,000|
|Other comprehensive||income for the||||||
|financial year|||||3,575,000|-|3,575,000|
|Total comprehensive|income for the|||||||
|financial year|||||3,575,000|1,471|3,576,471|
|At 31August 2023|||||3,575,000|12,643|3,587,843|
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||||Unrestricted||
|---|---|---|---|---|
|5|Investments||funds|Total|
||||2023
6|2022f|
||||10|8|
||||10||
|6|Raising funds||2023
8|2022
6|
||Fundraising
and publicity||1,307|1,389|
||Advertising||||
||||1,307|1,389|
|7|Charitable
activities||2023f|2022
6|
||Provision of language|courses|77,523|38,013|
||Student travel costs|and other expenditure|59,679|24,596|
||School catering||34,914|28,031|
||||172,116|90,640|
||Share ofsupport costs (see note 7)||195,317|106,916|
||Share ofgovernance|costs (see note 7)|9,833|3,000|
||||205,150|109,916|
||Total chaniabie
activities||377,266|200,556|
||Analysis
by fund
Unreslricied
funds||377,266|200,556|
##
|for|tha year ended 31August 20|23||||
|---|---|---|---|---|---|
|8|Support costs|Support|Governance|2023|2022|
|||costs|costs|||
|||8|||6|
||Staff costs|96,131||96,131|47,217|
||Depreciation|2,023||2,023|2,176|
||Insurance|12,964||12,964|8,666|
||Repairs
and maintenance|7,065||7,065|10,931|
||Schaal trips|14,600||14,600|9,585|
||Premises costs and other|||||
||expenditure|62,534||62,534|28,146|
||Legal end professional||4,833|4,833|195|
||Accountancy||5,000|5,000|3,000|
|||195,317|9,833|205,150|109,916|
||Analysed
between|||||
||Charitable
actwities|195,317|9,833|205,150|109,916|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||Number|Number|
|Administration||and support||||||
|Employment||costs||||2023
6|2022
8|
|Wages and|salaries|||||93,263|46,372|
|Employer's|Nl|||||1,153||
|Pensions||||||1,715|845|
|||||||96,131|47,217|
|There were no||employees|whose annual|remuneration|was f60,000or more.|||
##
|12|Tangible fixed assets|Leasehold|Fixtures,|Freehold||
|---|---|---|---|---|---|
|||improveme|fittings 8|land 8,||
|||nts|equipment|buildings|Total|
|||6|6|6||
||Cost|||||
||At 1 September 2022|15,676|15,478||31,154|
||Additions|||3,575,000|3,575,000|
||At 31 August 2023|15,676|15,478|3,575,000|3,I806,154|
||Depreciation
and impairment|||||
||At 1 September 2022|11,524|7,725||19,249|
||Charge for the year|784|1,240||2,024|
||At 31August 2023|12,308|8,965||21,273|
||Net book value|||||
||At 31August 2023|3,368|6,513|3,575,000|3,584,881|
||At 31August 2022|4,152|7,753||11,905|
||Freehold
land and buildings:|||2023
6|2022|
||Historical cost|||1||
||Cumulative
depreriatian|based on historical cost||||
|13|Debtors||2023|2022|
|---|---|---|---|---|
||||6||
||Trade debtors||47,794|54,000|
||Accrued|income|7,300||
||||55,094|54,000|
##
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|for|the year ended 31|August 2023|||
|---|---|---|---|---|
|14|Creditors: amounts|falling due within one year|2023|2022|
||||E|E|
||Bank loans and overdrafts||4,500|4,500|
||Trade creditors|||3,000|
||Taxation and social|security costs|1,457|314|
||Accruais||5,000|5,00D|
||Pension
liability||1,354|477|
||Wages control account||5,669|2,401|
||Other creditors||2,590|4,121|
||||20,570|19,513|
||taxation
and social|security, deferred
income and advance fe|es.||
|---|---|---|---|---|
|15|Creditors: amounts|falling dua alter one year|2023|2022|
||||E|E|
||Bank loans||33,000|37,500|
||The loan is interest|free and unserured.|||
|16|Revaluation
reserve||2023|2022|
||||E|E|
||Gain on revaluation|ofland and buildings|3,575,000||
||At 31 August 2023||3,575,000||
##
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|for|the year ended 31August 2023||||||
|---|---|---|---|---|---|---|
|18|Cash generated
from operations||||2023f|2022
8|
||Surplus
for the year||||1,471|5,995|
||Adjustments
for||||||
||Investment
income
recognised
in statement||of financial|activities|(10)|(8)|
||Loss an dispasal oftangible
fixed assets||||||
||Depreciation
and impairment
oftangible|fixed assets|||2,024|2,177|
||Movements
in working capital:||||||
||Decrease/(Increase)
in debtors||||(1,094)|(23,388)|
||(Decrease)/increase
in creditam||||(3,743)|(6,575)|
||Cash generated
from/(absorbed
by) operations||||~(1,352|~21,799|