2021-08-31-accounts

	Page
Governors'report	7-7
lndependentauditor's report	8-10
Statement of financial activities	17
Balancesheet	72
Statement ofcashflows	13
Notesto the financial statements	14-25

		Unrestricted	Un.estricted	Total	Unrestricted	Unrestricted	Unrestricted	Unrestricted		Total
		funds	funds			funds		funds
		general	designated			general		designated
		202t	2021	2021		2020		2020		2020
	Notes	€	€	f		f		C		€
lncome and endowmentsfrom:
Charitableactivities	3	1,430,52L		t,430,527	7,359,562				7,359,562
lnvestments	4	56,446		56,446		59,795				59,795
Otherincome	5	t3,737		t3,737		29,574				29,574
Total income		t,500,704		r,500,704L,448,937					7,448,93r
Expenditure on:
Charitable activities	6	1,351,483	58,305	r,409,788L,363,394				51,667	1,4L5,06r
Netgains/(losses)on
investments	l1		150,000	150,000
Netincomingresources before transfers		749,227 91,695		240,9L6		85,537		(51,667)		33,870
Grosstransfers between
funds		(7,609)	7,609			142,059l'42,059
Net incomefortheyear/
Netmovementinfunds		74t,612	99,304	240,9L6		43,478		(9,608)		33,870
Fund balancesat1
September2020		380,5492,324,757		2,705,300		337,071,		2,334,359	2,677,430
Fundbalances at31AuBust
202t		522,t6r2,424,055		2,946,216		380,549		2,324,75t	2,705,300
				:	:				:

			202L		2020
	Notes	E		f	f	€
Fixed assets
Tangible assets	L2			L,339,426		7,390,L22
lnvestment properties	13			2,050,000		1,900,000
				3,389,426		3,290,722
Currentassets
Debtors	t4	346,5t2			420,850
Cashatbankandin hand		454,743			181,585
		801,255			602,s4s
Creditors: amountsfallingduewithinoneyear	16	(954,465)			(877,3671
Net current liabilities				(153,210)		1274,8221
Totalassetslesscurrent liabilities				3,236,276		3,015,300
Creditors: amountsfallingdueaftermorethan
oneyear	L7			(290,000)		(310,000)
Netassets				2,946,216		2,705,300
Incomefunds
Unrestricted funds
Designatedfunds	18	2,424,055			2,324,75L
GeneraIunrestrictedfunds		522,L67			380,549
				2,946,276		2,705,300
				2,946,2L6		2,705,300
Thefinancial statements were approvedbytheGovernorson19August2022
RMay		N Shah
Trustee		Trustee
Company RegistrationNo. 0115t1455

		202t		2020
	Notes	f	f	€	C
Cashflowsfromoperatingactivities
Cashgenerated from/(absorbedby)operations	22		244,227		(110,03s)
lnvestingactivities
Purchaseof tangible fixedassets		(7,609)		(42,0s9)
Rentalincome and interestreceived		56,446		59,795
Net cashgeneratedfrominvestingactivities			48,837		77,736
Financingactivities
Repaymentofbankloans		(20,000)		(20,000)
Netcashusedinfinancingactivities			(20,000)		(20,000)
Net increase/(decrease)in cashandcashequivalents			273,058		(1]-2,2991
Cashand cashequivalents at beginningofyear			181,685		293,984
Cashandcashequivalents at end ofyear			454,743		181,685
					:

	202L	2020
	f	E
School feesreceivable	t,294,704	7,237,564
Residentialandclasstrips	34,770	4,2s3
Other income	5,776	2,370
Lunches andoutings	s3,338	49,709
Feesfromactivities	34,353	55,266
Registration fees	8,300	10,400
	7,430,52r	1,359,552
	:

4	lnvestments
		Unrestricted	Unrestricted
		funds	funds
		general	general
		202L	2020
		f	f
	Rentalincome	56,420	59,735
	lnterestreceivable	26	60
		56,446	59,795
		:
5	Otherincome
		Unrestricted	Unrestricted
		funds	funds
		general	general
		202L	2020
		f	f
	GovernmentGrants	t3,737	29,574
6	Charitableactivities
		Teaching	Teaching
		202L	2020
		f	E
	Staff costs	947,735	915,598
	Depreciation andimpairment	58,305	5L,667
	Teaching	67,879	49,060
	Lunches andwelfare	33,67r	53,65s
	Premises	91,957	93,889
		t,187,5471,163,869
	Shareof supportcosts (seenote7)	2L2,OO7	24L,074
	Shareofgovernancecosts (seenote7)	L0,240	10,118
		7,409,788	t,4t5,o6t
		:	:
	Analysisbyfund
	Unrestricted funds-general	1,351,483	L,353,394
	Unrestricted funds-designated	58,305	57,667
		1,409,788	L,4L5,O6L
		:	:

7	Supportcosts
		Support costs	Governance	2O2lSupportcosts		Governance	2020
			costs			costs
		f	€	f	f	f	E
	Staff costs	159,358		159,358	178,43t		L78,437
	Accountancy and book-
	keeping		1,270	1,270		2,318	2,3L8
	Othercosts	44,8L2		44,8L2	51,934		51,934
	Mortgageexpenses	7,831		7,831	10;709		L0,709
	Auditfees		8,970	8,970		7,800	7,800
		2I2,OOL	L0,240	222,247	24t,074	10,118	257,L92
						:	:
	Analysed between
	Charitable activities	2L2,OOL	L0,240	222,247	24L,074	10,118	251,192
						:	:
8	Netmovementinfunds					202L	2020
						C	c
	Net movementinfundsisstatedafter charging;
	Feespayableto thecompany's auditor fortheauditofthecompany's			financial statements		8,970	7,800
	Feespayableto thecompany'sauditorfor other		services			t,270	.2,318
	Depreciation of owned tangible fixedassets					JI:	5t,667

	202t	2020
	Number	Number
Teachingstaff-fulltimeequivalent	15	t2
Ancillarystaff	L2	t2
Total	27	24
Employmentaosts	202L	2020
	f	€
Wages andsalaries	857,226	859,705
Socialsecuritycosts	88,2r3	81,595
Other pensioncosts	L52,12t	L48,404
	L,097,560	1,089,706
Thenumber of employees whose annual remunerationwasf60,000 ormore were:
	2021	2020
	Number	Number
f6o,ooo-f69,999	2	2
	:

		Unrestricted	Total
		funds
		designated
		2021	2020
		f	€
Revaluation	ofinvestment properties	150,000

12	Tangiblefixedassets
		landand		Furniture,	Total
		buildings	fixturesand
		(freehold)		fittings
		f		E	€
	Cost
	At1September2020	1,500,753		238,045	1,738,808
	Additions			7,609	7,609
	At31August2021	1,500,763		245,654	L,746,4t7
	Depreciation andimpairment
	At1September2020	297,757		50,929	348,686
	Depreciationcharged inthe year	10,005		48,300	58,305
	At31August2021	307,752		99,229	406,991
	Carryingamount
	At31August2021	1,193,001746,425			r,339,426
	At31August2020	1,203,006		787,7L6	7,390,722

lnvestment property
	202L
	C
Fairvalue
At1September2020	1,900,000
Net gainsthrough fair value adjustments	1s0,000
At31August2021	2,050,000

14	Debtors
			202L	2020
	Amountsfallingduewithinone year:		f	E
	Tradedebtors		342,L45	409,934
	Other debtors			3,733
	Prepayments andaccruedincome		4,367	7,793
			346,5r2	420,860
15	Loansand overdrafts
			202r	2020
			f	f
	Bank loans		310,000	330,000
			:
	Payablewithinone year		20,000	20,000
	Payableafteroneyear		290,000	310,000
	Thebank loanrelatestoa mortgagewhichissecuredagainsttwoinvestment propertieswith an interestrateof2.35%over
	LIBOR.
16	Creditors: amountsfallingduewithinone year
			2021	2020
		Notes	f	f
	Bank loans	15	20,000	20,000
	Deferred income		492,46L	457,996
	Tradecreditors		5,468	3,694
	Deposits		391,331	382,L34
	Other creditors		37,405	2,064
	Accruals		7,800	11,479
			954,465	877,367
			:

Creditors: amountsfallingdueaftermoreth	anoneyear
			202L	2020
	Notes		€	f
Bank loans	15		290,000	310,000
		:

	Balanceat	Resources	Resources	TransfersBalanceat	TransfersBalanceat	Resources	TransfersRevaluations,	TransfersRevaluations,	Balanceat
	lSeptember	expended			1September	expended		gains and	31August
	2019				2020			losses	202L
	€		€		ff	C		ff	C
Fixedassetfund	7,399,730		15L,6671		42,059L,390,L22(58,305)			7,609	1,339,426
lnvestment
property
reserve	934,629				934,529			150,000	1,084,629
	2,334,359		(5L,667)		42,0592,324,75r(58,305)			7,609150,000	2,424,055
	:

Analysisofnetassetsbetwe	enfunds
	Generalfund	Designated	Total	Generalfund	Designated	Total
		funds			funds
	2021	202t	202L	2020	2020	2020
	f	E	C	E	f	f
Fund balancesat31
August2021 are
representedby:
Tangible assets		L,339,425	7,339,426		L,390,722	r,390,L22
lnvestment properties	965,377	r,084,629	2,050,000	965,371	934,629	1,900,000
Current assets/(liabilities)	(1s3,210)		(1s3,210)	(274,822l'		(274,8221
Longterm liabilities	(290,000)		(290,000)	(310,000)		(310,000)
	522,161	2,424,055	2,946,2L5	380,549	2,324,751	2,705,300
	:	:	:	:	:

			202t	2020
			C	f
	OAdebola-Lawal		IO,L77	9,701
	AShah			L9,397
	lWahid			9,150
	STharoo		18,920
	KPatel		16,387
	PMehta		10,035
			55,519	38,258
			:	:
22	Cashgeneratedfromoperations		202L	2020
			e	€
	Surplusfor the year		240,916	33,870
	Adjustmentsfor:
	lnvestment incomerecognised instatementoffinancial activities		(s6,4461	(59,795)
	Fairvalue gainsandlosseson investment properties		(150,000)
	Depreciation and impairmentoftangible fixedassets		58,305	5L,657
	Movementsinworking capital:
	Decrease/(increase)indebtors		74,348	(81,768)
	lncrease/(decrease)increditors		42,633	(47,3841
	lncrease/(decrease)indeferred income		34,465	(6,62s)
	Cashgeneratedfrom/(absorbedby)operations		244,22L	(110,03s)
23	Analysisofchangesin netfunds/(debt)
		At1September	CashflowsAt	31August 2021
		2020
		f	f	f
	Cashatbankand inhand	181,685	273,058	454,743
	Loansfallingduewithinone year	(2o,ooo)		(20,000)
	Loansfalling dueaftermorethan one year	(31o,ooo)	20,000	(290,000)
		148,315)	293,058	144,743