REGk8TERED CHARtrY NUMBER: 1184743 of tho Trusteas and Un#udlt8d Flna ments for tha Yea U5t Lumlar S Monahans Chartered Accountants County Gate County Way Trowbridga Wlltshirè BA14 7FJ tents of tho Flnanclal Statemènts r th• Year Ended 31 Au ust 2022 Pagg Report otth• Trustees I to 3 Indapgndent Examlnorfj Report Stat•mont olFinan¢lal Acdvttlos Balance Shogt Not•5 to the Flnanclal Statem•nts 7 to 11 Detsiled Stat•m?nt rf Financlal AGtlvl¢los 12 St¥wfvrd th• Trust•os ust 2022 for the Year En The tNstees present their roport with the flnaneA81 statements of lh8 charity for thè year erKlod 31 August 2022. Th8 tnJste85 have adopted the provlslons of Accountlng antj R8POrtlro by Charlties.. Ststenknt of Recommended Practic8 applirable to charibe5 preparing their a¢counts In aCCo￿ance With the Finanual Reporbng St8ndard appllcabla in th8 VK RepublK of Ireknd IFRS 10211gffectwe 1 January 20191. This is the third report for Lumtar Stowford as 8n Incorporated charllable OTganlsalon. r8gthred In ts ojrrent fomi reglstarad with the CharFty COmmi￿10n as a CIO on 2 August 2019. OBJECTIVES AND ACTMTIES Oble¢tlv05 and alms Lumiar Stowford r8Mew the alms, objg(*ves and of tre chatlty each year. Thls r6port looks at what thg charity has achieved and the outcom05 of its woth1n the r8poiting perf￿. Th8 review also h8Jps the Charfty Truste85 ensuie the charfvs alms. obj8thves and ac*vfjb85 r9mah)ed f￿sed on its stated purp)¥98. The oblec15 of Ihe Charfty ar8 to advance for the publ1¢ benefit 8ducaUon In the Unit8d Kln9dom. In parbcular the Charity maintain5 Lumiar Stowfor(S prin￿￿e3 olthe Lurniar rrthodology. hool lor th8 8ducatton of children as day pupils in aco)rrlanc8 with the The Charitys obj'ects also albws the provisfon of faril￿eS for Ih8 peopb of Wiltshire 8rKI Somarset. for educatk)n, rgation or t)th8r leisure fjme oCcupatic￿. Slgnlfi¢ant actNItIos LumKarStowford has pm¥Ad>g sthooHw fr*38 chlklren thls year. ThTrs is an In￿a$& of6 cn the pre￿¢￿S wr. When it 18 not belng u58d by Lumlar Stobvford. th9 she Is used by hgmwthool8rs forfann **odlng act￿1￿88. M8rnb8rs of th8 team have spoken at wblt educational events about the Lumlar pedagogy. Impact on our leam8r5 and the Wential for Lumlafs expanS￿D to other c¥)mrnunitss. Publlc benofft The trustees have rgferred to Ihe gu4d8nce ¢x)ntsin8d in the Charlty c0rnrni￿lon'S gen8fdl guidan￿ on public beneflt ¥vh8n ￿v￿m9 th8 chariW$ alm5 and objethes and in planning ts futur8 activiNgs. In partu￿ar. tIK8 tru6tee5 con5id8r how planned actiwues wll contribute to thè airn8 and obJective5 that have been set. Lumlar Stowford has prOvId￿ ￿t[SarieS for 4 chlldren of low inwme famili88 *his year. ACHIEVEMENT AND PERFORMANCE Charltabl• a¢tlvltie5 Lumi8r Stowvford has operated succ88sfulty as 8 school in tts thlrd y8Br of oporatlons. We came out of Ihè period stror¥ty. with parents 8nrJJuraged by th• sound rnanagem8nt ofthg sch)ol during thls drfficult lirrn. Th8 school has bggn renegotiatiing its Tela¥onship with Lumbar Sn Brazil. our pa￿nt organi8aJon. Thè Br8zilian entity chaTrJ8d thelr strudur8, and Iheli main forAJS outsldè of their schools in Brazil has moved to sellng thè technology of thè Lumiar Moslao a5S8ssment plavorrn. They have therefore Stepped away from tyng to develop r*w 5chool8 globalty. With the 'legaC￿ schools such a5 Lumiar Stowford, they are no long8r able to provid8 $laff tralning or m9thodology support as they had done prevlously. For the fL*eseeable futu￿, they will cnty offer support for the Mosal¢ pL4tforyn. hJth￿gh it is the Inlenlton of Lumlar Stowford to to pursue the Lurniar Methodology. thi5 is no bnggr a requirement of the par8nt organisation in Bra*l. Lumi8r Slowford does h¢)wever have permisslon to cL>ntinue to US8 the name Lumk2rf in it nam8 and brandirrfJ. A more p05tbve re$utt ol Ihe thange in our relationship wth the parent organ153tion is that we are no longer requlred to reach pu￿1 nurnbers of 200. It15 our current ambhbn to grow to around 100 pupils. Th8 planned CT8alon of a C3 crass for pupS1s aged 12-14 did not materialise du8 to lad( of capacty on thè current ￿t8. Inste8d of focuslng on gTOVrth, the tru5tee8 agreed that the focu$ for 2022-23 would be to ernbed staff tralnlng on the 8du(ational melhodology. enhanc8 the aducstional exp6rienL¥ pupiL8. conUnu8 to buijd our unEqug curriculum and improve ¢Uffent faci1th8¥. Fundralslny actlvlwes Lumlarstowford did not (arry OLrt anyfvndraLslng activths Ihts year. G￿n th8 exceptionally high demand for th8 school, a buslnts5s plan was Created by th8 twstees. Th8 purpose of tha xjslness plan was to prepare for a move to a l&rg8r rnore approprfate site. should the oppJrbJnty afise. Paoe T arsto • ort flheT ststs nded 022 FINANCIAL REVIEW Financlal po$ltlon For the first hvo y8ar8 of the $¢hoDfs fvll op8r8bon, Ihe Trust￿ had budgeted for negatNie resarves duè to the Inhe￿nt precarFousness and costs of setting up the naw ventuF8. At the end of our thSrd year, r￿[VeS arè now po$th. Whilst we ad)iw8d a small profft for the ￿r. we dld not roach our bjdget of£25.OW profft aB'. After the Covid period, we had a newt88thing st8ff12 experiencad t8achar5 and an AdrnlnthtckVI. This required more st8ff tralning tlme than anucipated. leading to hvJhgrsuppty and support teathlng ￿$ts. Wa Spent slSgMy mor8 on purchasing excAknt teac*ing and loaming mat8rials than 8XPgCted Farm School costs wer8 sllghtty higher than expected. due to the primder negotiating a rnOTe favourablo contraL* than w8 had hop8d Tumoverwas slk4hUy lower than exp8Cted, du8 to fluduauons In pupll numbers. Buildings eo#ts werg higherth8n expected due to the inLY8888d numbers of puplls in Iha buldirvJ. Prindpal fundlnu sourcos In July 2017. Lord Hylton lent us £10,000. of which we have been rwayiThJ £100 p8rmonth. Resewves pollcy We have budgeted for a srnall surplus of £6.000 for th9 year to August 2023. However. due to tecent Inuease In puplls on roll. we do notftsr￿ee tha need forfurther reseNes In the noarfv￿r8. Golng ¢onc8rn The Lumiar mod8101168ming has been greet￿ a5 gwd attemat￿ to rnalnstream pro¥isbn. For 3 years now, LurnLgr stowfor¢Y has prvv8d gxtremely popular with pupils and parBnls alike. with excellènt feedback from parent and pupll 8urv8ys and a strong Wai￿ng list. The school has beèn at capacity for rnuch of ts period of operatlon. io thè extsnt that we wero able to raise annual feè5 from £7.000 pèr year tts £7,700. Du8 to awustic concerns rdatlrMJ to our building, w8 hav8 chosen to reduce our capaoty b 32 pupils for the wr 2022-23, which has nece58tsted cuts to Ihe numbers of staff. Nav¢the￿$s, our cashllow 1$ looking hèallhy for Ihe year to August 2023. For the school yoar 202&24 ￿ wll be cveralng 8t ¢ap8cty again, wth & strong Wa￿n9455t. ar￿ budg8tsd surpluses ar8 expected. FUTURE PLANS Due to demand, we plan to rnlocate In th8 near future to a 18rgeT ¥ite In lh8 I￿81 area. to off8r 8duc8tion to around 100 pupils. A thorough buslness plan ha8 been drawn up and fijnd-raidng 8¢tivitth are In thè p￿nnIng stages. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng doeument Th& Charity is controlled by its govoming document and rxnstitu18 è Charitsb18 In￿ry>orated Org8nisation. Lumiar Slowtord was 88tsblish8d in August 2019. b￿rnIng operational frorn Septernber 2019 wlth assets trdnsfernad from lh8 pravious company￿th 6ffect from Ihat dat¥. Charlty conslltutlon The Charity is gov8med by ts wTrstitudon. bvhkh was adopted in March 2019. No ehanges have been made since Ihat R•erul¢ment and appolntm8nl of n•w trust•e Trustees ar8 appoin18d for a fixed term, at whith Ky)urt they rnay re-apply for thelr pos￿￿, or appoint a repke8rn8nl by agreenTrnt with the other trustees, up to a rn￿M￿M of three teryns. A TnJsta8 niust then leav8 an Interval of at least one y88r before re-apP￿1Trg tor re-appointment. only irrtumbent tnjstees have the power to appolnt other tnjstees. Twstees may resign voluntarity hTTrtt8n notic8. The charity will a￿ayS ￿rnain quorate and at least 3 TNstea8 will aw remain in p05L Trusteès will rAase to ho(d offic* rfth8y should Iosa Lxpadty, foluthng di8qualffiLxticn, or in th& 8vent of daalh. Organ15atlonal stNdur8 De¢Ssions are taken by rnajorlty vots at 8 rne8Ung of th8 chadty trustges, by resolution In wfttt8n or a18thJnlc form. Th8 IDJSt￿ d81egate operaknn￿ dec(S￿3n￿ to th8 8tsff atth8 sd)ool as approprtate. Towards th8 8nd of th8 year, we ¢reat8d a new organisalon chart Clari￿ng how the Sth¢x)l M8nagernent. th8 Govemors and TnJ$lees are to interact with each other, as well as 98-point of d9￿gation to ind￿￿18 responslbiltN8s and accountabifilles. REFERENCE AND ADmINIsTFiATV￿ DEfAILS Registerèd Charfty number 1184743 Pagts 2 Luml Stovrtord tho Trus ed31Au th• Ytar 2022 Prlncbpal address Stowford Manor Fa W1￿￿01d Wittshlre BA14 9LH R K&ndall IresEqn8d 31.5.22} O Wilso L Mclsaac Ireslgned 28.2.221 F Wlby (appointed 29.9.211 Y 8aker-Layton lappolnted 29.9.211 Iresbned 28A231 Ms K SynYJnds-Moore lappointed 28.4.231 Independant Examln Monahans Chartar8d Awountants ounty Gat8 County Way Trowbridge Wiltshlr8 8A14 7FJ BankerB 25 Gr8sham Stre81 London EC2V 7HN Approved by c¥d¢r ofthe board oftrustees on.. .... . and S&3r￿ on ts bah8lfby.' o wir50n-Truste8 Pag8 3 8ndent mlnevs Re urnlar S ortto theT t¢es of Inde￿ndant exarnlngrfs reportto th• tlustees of Lumlar Stowford I report to tho charity trustees on my examlnation of the accounts of Lumkar Stowlord (thg Tnjstl for tha year 31 August 2022. Responsibllllles and basls of rnport As the charity trustee5 of the Trust you ar8 responsib18 for th8 preparation of Ihe ac4x)unts In acrordan¢& with Ihe requirements of the Charitiès Aet 2011 Cth0 ACVI. I report In respect of my examinatson of the Trusys ac(tJunts carried out under Section 145 of Ihe Act and in Carryi￿ out rny examination I hav8 follow8d all applicable Dir8dons given by the Charity cOmrn￿L0Th und8r Sedhn 14515llbl of Ind8pend•nt examlnerfs statement sin￿ your charws gross income exceeded £250,000 your examlner must be a m8rnber of a listed body I can rxjnfirm that l am qualffjied to undertake th6 8xarnlnation becau58 1 am a membar of the Instituto of Chattsred Awunt8nts In Eng￿nd and Wales, whth Is ong ofthe lthd bodi88. I have eompbtess no othar matters in o)nnacl￿n ￿th th8 examina￿On to which attention $￿Uld b8 dravm In Ihfrs roport orfer to 8n8bJe a proper understsThYing of tho accounts to b9 reathed. Jom88 Gam FCA DChA Monahans Chattsr8d Acc4untsThts County Gate County Way Trowbridge WSttshir8 BA14 7FJ Date.. .1.2...J.u!y..2023 Page 4 umlar Stowford Statoment of Flnancl A¢tlvlti forth Y6ar Ended 31 Au t 2022 2022 Ljnrestrlctèd fvnd 2021 Total fvnds as r8Staled INCOMe AND ENDOWMENTS FROM Donations and tegacie$ 3.34S Charitable actlvmes PrO￿lS￿)n ol edu￿lJOn 281,434 203,398 Total 281.434 206,743 EXPENDrruRe ON ¢hadtabl8 actlvlUg$ Prowsion of educalon 278,312 215,147 NEf IN¢OMEIIEXPENDtruRE) 5.122 18,4041 RECONCILIATION OF FUNDS Total fund5 brought f0Th￿r￿ As prev￿usIY reported Prior year adjustm8nt 118,0761 15.000 7,328 A¥ wtat•d 11.0761 7,328 TOTAL FUNDS CARRIED FORWARO 11.0761 Th8 notes fomi part ofth8$8 finanaal statemgnts Pag8 5 larsto c• Sheet 31Au 2022 Unr8Strfcted fund 2021 Total nds as rgststed FIXED ASSErs Tangible assets 3,7fj1 3,829 CURRENT ASSETS D8btors Cash in hand 13.309 45.237 1,072 34.149 58.548 35,221 CREDITORS Anwunts falUNJ due wlthln one yèar 158,2811 (40,1261 NET CURRENT ASSETSI{LIABILITIESI 285 14,9051 TOTAL ASSETS LESS CURRENT LIA81LmES 4,046 11,0761 NET A8SETSIILtABILmESI 4.046 11.0761 FUNDS Unr65tri¢Xed fvnds 11.0761 TOTAL FUNDS 4.046 11.0761 anoa ststsments wer8 approved by the Board of Trustees and authorfsed for issu 2023 . and were signed on Tb bèhaW by.. O Wilson- Trustee ee The not88 fom) part ofth88eflnancial ststarnents Page 6 the Flnan al Stateme forthe Y r Ended 31 ust 202 ACCOUNTING POLICIES Basls of pr¢parlng th¢ financlal stsloments The finanrial staternents of the tharity, whKh is a publ1¢ benefit antity undar FRS 102, have been p￿pared In a¢coriJanc8 wlth tha Charf*'e5 SORP IFRS 1021 'Accounlw and Repothg by CharitFes: Statem8nt of Rera)mmended Praetice appllcabl8 to charfuès preparing thelr accounts In accordance wilh the Fin8ndal R8porbng Standard applicable In Ihe UK and Rgpublic of Ireland IFRS 1021 leffedve 1 January 20191, Finandal Repo￿ng Standard 102 Tre Flnanual Reportlng Stsndard appllcable in the UK and Republic of Ireland and the Charits85 Acl 2011. The flnana81 statarnents hava been prapared under Ihg histortcal cost convention. Th& finandal statements have been prèpared to glve a Irue and lalrf view and have depattsd from Ihe chath￿5 (Accounts and Rgportsl RegU￿trons 2008 onty to the exlent rw4uir8d to provlde a Inte and fair view. Thls d8P8rture has involved folk)wing Charrbes SORP IFRS 1021 rather than Ac£ounting and Reporung by Charftias.. ststem8nl of Recommend8d PracUc• effethe from 1 Aprtl 2005 whlch has since been Mrithdrawn. LumlarSt(Ywford meats th8 defintVon of a public benefit entity under FRS 102. Flnancl•l Instrum•nts The Charity has elected to appty the protrisbns of se￿0￿ 11 'Bask Finandal Inslnjrnents, and SectiC￿ 12 '01hor narrial Instrurn8nts lssu85' of FRS 102 to all of its financi81 Instwments. The Charity onty has financial assets and flabil￿eS of a kind that qualfy as basic financ481 instnjments in accordanf* Wth section 11 of FRS 102. Basic fiTran￿81 inslwments are In￿allY recJ)gnised at tTansaction valu8 and ar8 subsequ8nUy moa5ur8d at thdr $8tU8rnent value. Thg Charlty does not acqulre put opfjons, d8rlvatlves or other cJ)mpJ&x finant￿ InsbumBnts. In￿m* I Incom8 is rwnised inl th8 Statsmant of Ananaal Activftles oncé the thartty has en￿arn9nt to the funds, ft is probab18 that the income ￿11 b8 recefved and the amount can be measured reI￿bty. Ewndlture LL8bllits'e5 are re￿gnised as 8xpgnditure a$ s(y)n as there is a legal or constructiv8 ¢omrnttbng the charity to that expenditur8. it is Probab￿ Ihat a transfer of eCL)nOm￿ beneffts wll ba reqUi￿d In S8￿ement and thts 8rnouTrt tsf th8 obllgatb)n ¢an be rreasured r81iabty. Expendlture Is ac£x)untsd for Dn an ac£Nals basls and has been rjassffiod under headings that aggregate all ￿8t related to the category. Wh8re costs r2nnot b8 dirgctly attributed to Par￿￿J18T h88dlngs th8y have been allocated ¢0 activit586 on a basls CL)nsistsnt wilh the use of r8sour¢o5. crftlcal a¢¢ounllng èStlmot•s and Judg0rn8nt• In the apph'rAtion of the charitys accnunting polieA88. the Trustees are r8quired to mak& judgements. estirna16S and 8ssumptions ab(¥Jt the carrwng amount of assets aThY liabilthes that are not r8adty apparent frorn other sources. The estimates and associated as5urnpUon$ are bastsd on historical experience and other frdctors that a￿ ￿nside￿d to bg relevant. A&JJal rewlts m&y drfwtrtsm these estimates. The 88Umat8s and undettying assumptions are rewewed on an ongolng basls. Revisions to accountiivj estlrnat8s are recognlsed in the peitod in which the estimate Is rew&ed, rf th8 re¥ri51on affects onty that period, in the period of the revlsion and fijture p8riods if the revk%ion 8ff8¢ts both current 3nd futur8 perfods. The Trustees have judged that trere a￿ no 88tlmat8s or as5umptEons whth have 8 s￿n￿L￿t risk of c8uslng materf218djustment to the canylng arnount of assets and liabillde5. Tanglble flxéd as￿9 Dewedation is prov￿￿ed at the followng annual Tate8 In order to write off 8ath Bsset Over Its •5timatsd u88fv1 Itre. Fixturos and fftung C(xnput8requlpmont 33% on straight Ilnts basis 33% on ￿aLght line basis Taxation The ¢hartty 18 exemptfrom tax on ts c4Jaritabte adiwles. Fund a¢eountlng Unrestdcted ￿ndS can be usèd in aw)rdance wlth Ihe charltable oblecuves atthe disc¥ellon of the trustees. R8StriL#ed fvrKts can only be used for parbcular purposes w￿h1n the oblaets ol the charity. R8StrirAions ari58 when specified by Ihe donor cf whgn funds are rdised for p8rti(xJlar roslricted wrposes. Pag8 T continued... Sar Stowford Not08 to th forthe ¢lal StAtoment8- ¢ontlnu•d nd•d 31 Au u5t 2022 ACCOUNTING POUCIES-contlnu•d Fund accountlno Furth8rexplanatbn of thè rwtura and purpose of 88c* fvnd Ls Induijed In th8 notes to tho finar￿A81 ststwnents. Penslon costs and oth•r postwretlrem•nt b•nofft5 The charity opèrates a defined c¥)ntribulon pen*on stheme. contr[bu￿On$ payatle to Ihe chaws ￿n$￿￿ sthemg are charged to the Statement of Finandal Actwitses In th8 pgmoo to whith Ihey r8lat&. DONATIONS AND LEGACIES 2022 2021 8s r88tat8d th)nadons Gov8mment support-fijrfough 1,978 1.367 3.345 TRUSTEES. REMUNERATION AND BENEFtrs There wwè trustees, remun8ration or other b￿tffl8 for the year ended 31 August 2022 nor for the ye8J ended 31 August 2021. Trustqes. gxpgns•8 There w8r8 rKJ trusteas. expenses pald for thg year ended 31 Augyst 2022 nor for the year ended 31 August 2021. STAFF COSTS 2022 as ￿tated W8g8s and 5al8ries Sooal $8wAty (x)sts Otherpenslon COBts 174.256 7.652 3.224 103,743 6,233 2.523 185,132 112,499 Th8 average rnonthty numberof empkiyogs durfng thtr y8arwa8 as frAIows'. 2022 2021 as r8Statsd Educational 8t8ff No 8mployee5 re￿￿8￿ em0￿MentS fn èxcess of£80,000. COMPAFi4TIVES FOR THE STATEMENT OF FINANCiALArnITIES Unrestrfcted fund a6 restated INCOME AND eNDOIIIMENTS FROM Donations and legaoes Charltablo a¢tMtteS Prowslon of education 203,398 Totsl 206,743 EXPEND￿uRE ON Charltablè a¢tivltles Prov¢6lon ol 8ducatr)n 215.147 PBg8 8 continued... sto totheF naneial S oments-eonti e Year od31 usl2 ed COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES-contlnu8d Unrestricted fund 88 restated NET INCOMEiiexpENDrruRE) 18.4041 RecoNCILIATION OF FUNDS Totsl fvnds brought forward TOTAL FUNDS GARRIED FORWARD 11.0761 PRIOR YEAR ADJUSTMENT The prior y8ar adju8knent repres8nts fijnds received in an earfi8r year now deterrnined to be grant incorne rather than loans. TANGIBLE FIXED ASSETS Flxtur8S and tNnGs CornpLrter equlpm8nt Totsls COST At 1 Sept&nter 2021 AdditK)ns 1,378 869 4,892 6.270 2.803 At 31 August2022 2,247 6,826 9,073 DEPRECIATION At 1 September2021 Charge for year 2,361 2,138 2,H1 2,871 733 At 31 August 2022 813 4.499 5.312 NEf BOOK VALUE Al 31 August 2022 2.327 3.761 At 31 A￿uSt 2021 1298 2,531 3,829 DEBTORS: AMOUNTS FALLING DUE WtrHIN ONE YEAR 2022 88 ￿$tated Trad8 debtC*5 13,309 1.072 Pag8 9 x)ntinued... mlar 5towford Notss to th• Flnaneial - ¢ontlnued •d 31 Au ust 2022 CREDrroRS: AMOUNTS FALUNG DUE VIITHIN ONE YEAR 2022 2021 a8 restated Trade creditors Taxation and socAal securfty Other creditors Y30 9,870 47,661 20,262 11.274 58.261 40,126 LOANS An and￿sIS oflhe m3turfty of bans Is gfven below. 2022 2021 as rtstatsd Amounts falllng duewithin on8 yearon demaTr#.' other k)an8 2.767 3.967 The Loans Intere5tfree with fl￿ble ropayment terms. 11. MOVEMENT IN FUNDS Prlor Net mvement In fvnds At 31.822 At 1.9.21 adhustment Unreslrfcted fund8 Gener81 fvnd 116,0761 15,000 S,122 TOTAL FUND8 116.0761 15.000 5.122 N8t rnovem8nt in hJnd6, Induded In ￿ above 8re a8folh)ws.' Incoming resourc8S R88ourr*$ expgndgd Movement In fvnds Unr•strleted fundJ General fund 281.434 1276.3121 5.122 TOTAL FUNDS 281.434 (278.3121 5,122 Comparntfves for movement In funds N8t rnovem8nt In fvnds At 31.8.21 At 1.9.20 Unr•stri¢tod fund8 General fund 7.328 18.4041 11,0761 TOTAL FUNDS 7.328 18,4041 11.0761 Page 10 LY)nlnu8d... umlar St Nota5 t tho Flnanc al Statern rthey Ended - contln U8t 11. MOVEMENT IN FUNDS. conllnu•d Compardi've not movement in fvnds, induded Sn thg above 8r8 as folk)ws.' Incoming resource8 Resources XP8ndod Mov6m&nl In tunds Unrestrlcied funds G•n8ral fijnd 206.743 1215,1471 18.4041 TOTAL FUNDS 206.743 P15,147} 18,404) RELATED PARTY DISCLOSURES Thwè were no relatsd partytransactbns forlhe y88r endad 31 August 2022. Page11 lar StowFord Ilad Stat•ment of Flnanclal Aetfvttlt the Y•ar Ended 31 A u$1 2022 2021 as restated IN¢OME AND ENDOWMENTS Donallons artd Wt•s Donations Govemrnent support- furtOLbah 1,978 1,367 Charttable actlvltles Fees receivab 281.434 203.398 Total Incornlng rg$our¢ 281.434 206.743 EXPEND￿uRE Charitobto a¢tIV￿•S Wagas So¢lal securfty Pensions Lkjht 2nd heat Profassion81 devekjpment Teaching r850urces Otheroperating costs EKarnlne¢s fee5 Masters and Fami School Administration Bad debts Computgrequlpment depreciation IT4.256 7.652 3.224 2.811 2.424 14,172 27,194 2,598 33,211 6,099 103.743 6,233 2,523 1,441 3.593 7,199 4.235 54,461 4,866 1,409 2,871 276.312 215.147 Total rasourcss expended 276.312 215.147 Not In¢omoll•xpandlthr8) 5.122 18.4041 Thls page does Th)t fDfrn p8rt oflha statutoryfinandal ststemants Pag8 12