| CONTENTS | PAGES | |||
| Trustees, Officers and | Advisors | |||
| Trustees' Report |
3to 10 | |||
| Statement ofTrustees' |
responsibilities | |||
| Independent auditor's |
report | 12 to 14 | ||
| Statement offinancial | activities (incorporating | income and expenditure | account) | 15 |
| Balance sheet | 16 | |||
| Statement ofcash flows |
17 | |||
| Notes to the financial | statements | 18 to 30 |
| TRUSTEES: | |||
|---|---|---|---|
| The Trustees as at the date | ofsigning these accounts | and those who served the Charity during the period were | |
| as follows: | |||
| Mr SKondel | Appointed | 15'"February 2011(Chair from 17'"September 2020) | |
| Mr M Ahmed | Appointed | 30'"January 2015 | |
| Mr SSharma | Appointed | 10'"October 2018, | Resigned 13'"November 2021 |
| Mr M A Reddy | Appointed | 10'"October 2018 | Resigned 28'" March 2023 |
| Mr P Gersh | Appointed | 10'"October 2018 | |
| Mrs F Husain | Appointed | 19'"September 2020 | |
| Ms SWood | Appointed | 23' June 2021, | Resigned 16'" November 2021 |
| Ms J Roopra | Appointed | 23"'June 2021 | Resigned 31"August 2022 |
| Mrs A Nicholas | Appointed | 22"'September 2021 | |
| Ms N Afzal | Appointed | 10'"January 2022 | |
| Ms A Ghafoor | Appointed | 4'" May 2022 |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Funds | Funds for the | ||||||
| For the year | year ended | ||||||
| Unrestncted | Restricted | ended 31st | 31stAugust | ||||
| Notes | Funds | Funds | August 2022 | 2021 | |||
| (Unrestricted | |||||||
| ) | |||||||
| E | |||||||
| INCOMING | RESOURCES | ||||||
| Income from Charitable | activities: | ||||||
| School Other |
fees educational income |
2 | 1,431,019 61,690 |
1,431,019 61,690 |
1,491,441 37,805 |
||
| Investment income |
12 | 12 | |||||
| Donations | and Legacies | ||||||
| TOTAL INCOMING RESOURCES |
1,492,721 | 1,492,721 | 1,529,249 | ||||
| RESOURCES EXPENDED | |||||||
| Charitable | Activities | ||||||
| School | operating costs |
7 | 1,662,872 | 1,662,872 | 1,695,745 | ||
| TOTAL RESOURCES EXPENDED | 7 | 1,662,872 | 1i662p872 | 1p695p745 | |||
| NET (OUTGOING) RESOURCES FOR THE |
|||||||
| PERIOD | 8 | (170,151) | (170,1511 | (166,497) | |||
| Fund balances brought | forward at 1 | ||||||
| September | 2021 | 14 | 594,767 | 5,063 | 599,830 | 766,327 | |
| Fund balances carried forward at 31August | |||||||
| 2022 | 14 | 424,616 | 5,063 | 429,679 | 599i830 |
| 2022 | 2021 | ||
|---|---|---|---|
| Note | f | f | |
| FIXEDASSETS | |||
| Tangible assets | 929,318 | 967,496 | |
| 929,318 | 967,496 | ||
| CURRENT ASSETS | |||
| Debtors Cash at bank and in hand |
10 | 38,153 145,608 |
39,637 242,462 |
| 183,761 | 282,099 | ||
| CREDITORS | |||
| Amounts falling due within one year |
11 | (523,529) | (455,527) |
| NET CURRENT ASSETS/(LIABILITIES) | (339,768) | (173,429) | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 589,550 | 794,067 | |
| CREDITORS | |||
| Amounts due after more than one year |
12 | (159,871) | (194,237) |
| NET ASSETS | 429,679 | 599,830 | |
| FUNDS | |||
| Restricted | 14 | 5,063 | 5,063 |
| Unrestricted | 14 | 424,616 | 594,767 |
| TOTAL FUNDS | 429,679 | 599,830 |
| 31stAugust | 31stAugust | ||||||
|---|---|---|---|---|---|---|---|
| Note | 2022 | 2021 | |||||
| f | f | ||||||
| Cash (used in)/provided by operating |
activities | (63,051) | 132,838 | ||||
| Cash flows from investin activities |
|||||||
| Interest income | 12 | ||||||
| Purchase oftangible fixed assets |
(359) | ||||||
| Cash used in investing activities |
12 | (3561 | |||||
| Cash flows from financin activities |
|||||||
| Repayment ofborrowing |
(33,814) | (24,995) | |||||
| Cash inflows from new borrowing | |||||||
| Cash increase( used) in financing | activities | (33,814) | (24,995) | ||||
| Increase/ (Decrease) in cash and |
Cash | equivalents | in the | period | 96 853 | 107487 | |
| Cash and cash equivalents at the |
beginning | ofthe | period | 242,462 | 134,975 | ||
| Total cash and cash equivalents at the |
end | ofthe | period | 146 666 | 242 462 |
| 2. | SCHOOL FEES | SCHOOL FEES | |||||
|---|---|---|---|---|---|---|---|
| Year ended | Year ended | ||||||
| 31stAugust | 31stAugust | ||||||
| 2022 | 2021 | ||||||
| The schools' fee | income comprised: | E | f | ||||
| Gross fees due | 1,505,347 | 1,553,643 | |||||
| Less: bursaries | (74,328) | (62,202) | |||||
| 1,431,019 | 1,491,441 | ||||||
| 3. | INCOMING | RESOURCES FROM GENERATED FUNDS | |||||
| Year ended | Year ended | ||||||
| 31stAugust | 31stAugust | ||||||
| 2022 | 2021 | ||||||
| E | E | ||||||
| Bank interest receivable | 12 | 3 | |||||
| 4. | OTHER EDUCATIONAL INCOME |
||||||
| Year ended | Year ended | ||||||
| 31stAugust | 31stAugust | ||||||
| 2022 | 2021 | ||||||
| Other educational | charitable | activities | f | E | |||
| School trips | 12,848 | 1,667 | |||||
| Registration | and exam fees | 13,177 | 7,760 | ||||
| Music, dance | lessons and | additional | fees | 35,665 | 28,378 | ||
| 61,690 | 37,805 |
| Governance costs: |
|||
|---|---|---|---|
| Year | Year | ||
| ended | ended | ||
| 31st | 31st | ||
| August | August | ||
| 2022 | 2021 | ||
| Auditor's remuneration |
f | E | |
| -Audit service | 15,000 | 15,000 | |
| Apportionment ofsenior staff costs (Senior staff costs are apportioned |
based on time spent) | 15,000 30,000 |
15,000 30,000 |
| 6. TOTAL STAFF COSTS COMPRISED |
|||
| Wages and salaries Social security costs Staff recruitment costs |
1,001,562 102,542 |
981,585 99,048 |
|
| Pension contributions | 197,591 | 205,427 | |
| 1,301,695 | 1,286,060 |
| Year | Year | ||||
|---|---|---|---|---|---|
| ended | ended | ||||
| 31st | 31st | ||||
| August | August | ||||
| 2022 | 2021 | ||||
| No. | No. | ||||
| Teaching | 23 | 28 | |||
| Administration | gt other | 7 | |||
| 30 | 32 | ||||
| The number ofhigher | paid employees | was: | |||
| Taxable emoluments | band: E60,001 | - f70,000 | |||
| The number of higher | paid employees | with retirement | |||
| benefits accruing | in Defined Benefit Schemes was |
| Staff Costs | Other | Deprecia- | Year | Year | ||
|---|---|---|---|---|---|---|
| Costs | tion | ended 31st | ended | |||
| August | 31st | |||||
| 2022 | August | |||||
| Total | 2021 | |||||
| E | E | |||||
| Charitable | activities: | |||||
| Teaching Premises Support costs |
1,140,335 146,360 |
88,818 30,919 188,262 |
13,710 24,468 |
1,242,863 55,387 334,622 |
1,274,892 69,866 320,987 |
|
| 1,286,695 | 307,999 | 38,178 | 1,632,872 | 1,665,745 | ||
| Governance | costs (note 5) | 15,000 | 15,000 | 30,000 | 30,000 | |
| Total Resources Expended | 1,301,695 | 322,999 | 38,178 | 1,662,872 | 1,695,745 | |
| 2021 | 1,286,060 | 365,058 | 44,627 | 1,695,745 |
| Year ended | Year ended |
|---|---|
| 31"August | 31"August |
| 2022 | 2021 |
| E | f |
| 38,178 | 44,627 |
| 15,000 | 15,000 |
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Freehold | Equipment, | ||
| land and | fixtures and | ||
| buildings | fittings | Total | |
| Cost | E | f | f |
| At 30'" August 2021 Disposals |
1,323,388 | 252,542 | 1,575,930 |
| Additions | |||
| At 31stAugust 2022 | |||
| 1,323,388 | 252,542 | 1,575,930 | |
| Depreciation | |||
| At 30'" August 2021 Disposals |
410,730 | 197,704 | 608,434 |
| Charge for the period At 31August 2022 |
24,468 435,198 |
13,710 211,414 |
38,178 646,612 |
| At 31stAugust 2022 | 888,190 | 41,128 | 929,318 |
| At 29th August 2021 | 912,658 | 54,838 | 967,496 |
| 31stAugust | 31"August | ||
|---|---|---|---|
| 2022 | 2021 | ||
| E | E | ||
| Trade debtors Provision for bad or Doubtful Prepayments |
Debt | 19,677 (427) 17,903 |
88,537 (50,000) |
| Other debtors | 1,000 | 1,100 | |
| 38,153 | 39,637 |
| trips tak | ing place in 2022-23. | p scoo | |
|---|---|---|---|
| 31stAugust 2022 | |||
| Balance Amount Amount Balance |
as at 30'" August 2021 released to income earned from charitable deferred in year as at 31stAugust 2022 |
activities | f 236,004 (236,004) 195,427 195427 |
| 14. | FUNDS | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| At 31st | Incoming | Outgoing | between | ||||||||||||||||
| August | 31"August | ||||||||||||||||||
| 2021 | resources | resources | reserves | 2022 | |||||||||||||||
| Restricted funds | E | E | E | f | f | ||||||||||||||
| Patricia Lambert | prize fund | 138 | 138 | ||||||||||||||||
| Travel fund | 4,925 | 4,925 | |||||||||||||||||
| 5,063 | 5,063 | ||||||||||||||||||
| Unrestricted funds |
|||||||||||||||||||
| General fund |
(372,729) | 1,492,721 | (1,624,694) | (504,702) | |||||||||||||||
| Designated funds |
|||||||||||||||||||
| Fixed Assets | 967,496 | (38,178) | 929,318 | ||||||||||||||||
| 594,767 | 1,492,721 | (1,662,872) | 424,616 | ||||||||||||||||
| Total restricted | and | unrestricted | 599,830 | 1,492,721 | (1,662,872) | 429,679 | |||||||||||||
| The | prize funds | are held for the | awarding | ofprizes for special achievement. | |||||||||||||||
| The | travel fund | is a grant received | by the | school, to purchase | capital | items | which will | encourage | or | enable more | |||||||||
| sustainable travel to |
School. | ||||||||||||||||||
| The the fixed |
designated fund represents the fixed reserves which are invested in tangible assets held in restricted funds (nil). |
assets ofthe charity which the Trustees assets. Amounts designated are the net |
have designated to highlight book value ofassets less any |
||||||||||||||||
| 15. | ANALYSIS OF NET ASSETS BETWEEN | FUNDS | |||||||||||||||||
| 2022 | 2021 | ||||||||||||||||||
| Tangible | Other net | Tangible | Other net | ||||||||||||||||
| Fixed | Investments | assets/ | Total | Fixed | Investments | assets/ | Total | ||||||||||||
| Assets | liabilities | Assets | liabilities | ||||||||||||||||
| E | E | E | |||||||||||||||||
| Restricted | |||||||||||||||||||
| funds | 5,063 | 5,063 | 5,063 | 5,063 | |||||||||||||||
| Designated funds |
929,318 | 929,318 | 967,496 | 967,496 | |||||||||||||||
| Unrestricted | |||||||||||||||||||
| funds | (504,702) | (504,702) | (372,729) | (372,729) | |||||||||||||||
| 929,318 | (499,639) | 429,679 | 967,496 | (367,666) | 599,830 |
| 2022 2021 |
|||||
|---|---|---|---|---|---|
| E f |
|||||
| Net movement in funds |
(170,151) (166,497) |
||||
| Add back depreciation | charge | 38,178 44,627 |
|||
| Less investment income (Increase)/Decrease in debtors |
(12) 1,264 (3) 154,282 |
||||
| Increase/(Decrease) in |
creditors | 67,670 100,429 |
|||
| Net cash used in operating | activities | 63,051 132,838 |
|||
| 9.ANALYSIS OF CHANGES | IN NET DEBT | ||||
| As at 31/08/2021 f |
Cash -flows f |
As at 31/08/22 f |
|||
| Cash at bank and in hand | 242,462 | (96,854) | 145,608 | ||
| 242,462 | (96,8541 | 145,608 | |||
| Loans falling due within | one year | (33,252) | (552) | (33,804) | |
| Loans falling due after more than | (194,237) | 34,366 | (159,871) | ||
| one year | |||||
| (227,489) | 33p814 | (193,675) | |||
| Total | 14,973 | (63,040) | (48,067) |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | E | |||
| INCOME | ||||
| Fees due | 1,480,042 | 1,553,644 | ||
| Music lessons and | additional | fees | 0 | 372 |
| Bursa ries | (74,328) | (62,202) | ||
| Deposit interest accrued | 12 | 3 | ||
| School trips | 21,423 | 1,667 | ||
| Donations | 8,417 | 0 | ||
| Other income | 65,978 | 35,764 | ||
| TOTAL INCOME | 1,492,721 | 1,529,248 | ||
| TEACHING COSTS | ||||
| Educational Resources |
18,195 | 28,704 | ||
| Wages and salaries | 1,140,335 | 1,169,266 | ||
| Text books and school supplies | 19,336 | 26,712 | ||
| Examination fees |
3,844 | 1,643 | ||
| Sports and Coach | Hire | 26,379 | 14,849 | |
| Staff Training | 5,339 | 2,098 | ||
| Subscriptions | 3,277 | 958 | ||
| Depreciation offixed assets |
13,710 | 18,159 | ||
| School trips | 12,448 | 12,503 | ||
| 1,242,863 | 1,274,892 | |||
| PREMISES COSTS | ||||
| Insurance | 19,275 | 15,410 | ||
| Repairs and maintenance | 11,644 | 27,988 | ||
| Depreciation offixed assets |
24,468 | 26,468 | ||
| 55,387 | 69,866 | |||
| SUPPORT COSTS | ||||
| Wages and salaries | 146,360 | 101,794 | ||
| School Equipment | from Donations | 8,010 | 0 | |
| Rates &water | 18,014 | 10,771 | ||
| Telephone | 9,735 | 6,705 | ||
| Laundry and cleaning |
3,582 | 26,434 | ||
| Computer expenses |
240 | 3,884 | ||
| Catering & Refreshments |
15,931 | 11,516 | ||
| Legal & Professional | Fees | 12,895 | 16,082 | |
| Speech Day | 4,080 | 3,852 | ||
| Service, Licence and Copyright | Agreements | 51,274 | 37,505 | |
| Other costs | 7,971 | 8,544 | ||
| Bank interest and charges |
1,344 | 1,045 | ||
| Advertising costs |
6,943 | 5,251 | ||
| Light and heat | 26,675 | 19,552 | ||
| Printing, postage and stationery |
13,759 | 9,044 | ||
| Bad debts | 0 | 47 | ||
| Provision for Bad or Doubtful | Debts | 0 | 50,000 | |
| 326,813 | 311,626 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| GOVERNANCE COSTS |
||||
| Board Expenses | 0 | 0 | ||
| Auditor's remuneration |
15,000 | 15,000 | ||
| Apportionment | ofsenior staff costs (based on time spent) | 15,000 | 15,000 | |
| 30,000 | 30,000 | |||
| COSTS OF GENERATING | FINANCE | |||
| Bank and loan | interest | payable | 7,809 | 7,861 |
| Other costs | 0 | 1,500 | ||
| 7,809 | 9,361 | |||
| TOTAL EXPENDITURE | 1,662,872 | 1,695,745 | ||
| NET OUTGOING | RESOURCES FOR THE PERIOD | (170,151) | (166,497) |