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||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|





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|||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|<br>150,000|||||||
|Netincomingresources<br>before transfers||749,227 91,695||240,9L6||85,537||<br>(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||
|||||:|:||||:||





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||||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|<br>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|||||||





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|||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|
||||||:|





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||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|
||:||





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|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|
|||:|:|





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|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|



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||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||





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|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|



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





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|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|
||||:||





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



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||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|
||:|:|:|:|:||





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||||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|