| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 10 |
| Report ofthe Independent Auditors |
11 | to | 13 |
| Statement ofFinancial Activities | 14 | ||
| Balance Sheet | 15 | to | 16 |
| Cash Flow Statement | 17 | ||
| Notes to the Cash Flow Statement | 18 | ||
| Notes to the Financial Statements | 19 | to | 28 |
| Detailed Statement ofFinancial Activities | 29 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | ||||||
| funds | funds | ||||||
| Notes | |||||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Charitable | activities | 3 | |||||
| School | 1,294,890 | 1,301,897 | |||||
| Investment | income | 3,029 | 4,612 | ||||
| Total | 1497,919 | 1,306,509 | |||||
| EXPENDITURE ON | |||||||
| Charitable | activities | ||||||
| School | 1,437,094 | 1,400,374 | |||||
| NET INCOME/(EXPENDITURE) | (139,175) | ' | (93,865) | ||||
| RECONCILIATION | OFFUNDS | ||||||
| Total funds | brought forward |
1,105,199 | 1,199,064 | ||||
| TOTAL FUNDS CARRIED FORWARD | 966024 | 1 | 105,199 |
| BALANCE SHEET 31AUGUST 2022 |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unrestricted | Total | |||
| funds | funds | |||
| Notes | ||||
| FIXEDASSETS | ||||
| Tangible assets | 560,116 | 568,767 | ||
| CURRENT ASSETS | ||||
| Debtors | 13 | 415,565 | 379,596 | |
| Cash at bank and in | hand | 620,830 | 667,357 | |
| 1,036,395 | 1,046,953 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
14 | (559,4S7) | (448,521) | |
| NET CURRENT ASSETS | 476,90S | 598,432 | ||
| TOTAL ASSETSLESSCURRENT | ||||
| LIABILITIES | 1,037,024 | 1,167,199 | ||
| CREDITORS | ||||
| Amounts falling due after more than one |
||||
| year | 15 | (71,000) | (62,000) | |
| NET ASSETS | 966,024 | 1,105,199 | ||
| FUNDS | 16 | |||
| Unrestricted funds: |
||||
| General fund | 326,333 | 449,920 | ||
| Freehold property | fund | 439,691 | 455,279 | |
| Major repairs fund | 150,000 | 150,000 | ||
| Bursary fund | 50,000 | 50,000 | ||
| 966,024 | 1,105,199 | |||
| TOTAL FUNDS | 966,024 | 1,105,199 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated from operations |
~13 90) | (147,986) | ||
| Net cash used in operating | activities | ~13,290) | (147,986) | |
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets | (37,750) | (6,234) | ||
| Sale oftangible fixed assets | 1,484 | |||
| Interest received | 3029 | 4,612 | ||
| Net cash used in investing | activities | ~33,237) | ~1,622) | |
| Change in cash and cash | equivalents | |||
| in the reporting period |
(46,527) | (149,608) | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting | period | 667@57 | 816,965 | |
| Cash and cash equivalents | at the end | |||
| ofthe reporting period |
620,830 | 667,357 |
ACTIVITIES |
O | ERATING | |
|---|---|---|---|
| 2022 | 2021 | ||
| Net expenditure for the reporting ofFinancial Activities) Adjustments for: |
period (as per the Statement | (139,175) | (93,865) |
| Depreciation charges Interest received (Increase)/decrease in debtors Increase/(decrease) in creditors |
44,919 (3,029) (35,969) 119,964 |
43,409 (4,612) 55,810 ~148 728 |
|
| Net cash used in operations | ~13/90) | ~147986) |
| At 1/9/21 | Cash flow | At 31/8/22 | |
|---|---|---|---|
| Net cash | |||
| Cash at bank and in hand | ~667 57 |
~46,52 | 620,830 |
| 667,357 | 46527 | 620,830 | |
| Total | 667/57 | ~46,527 | 620,830 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| f. | |||||||
| Deposit account | interest | 3,029 | 4,612 | ||||
| 3. | INCOME FROM CHARITABLE ACTIVITIES | ||||||
| 2022 | 2021 | ||||||
| Activity | |||||||
| School fees | School | 1,267,107 | 1,277,982 | ||||
| Clubs &activities | School | 25,113 | 17,682 | ||||
| Other ancillary | income | School | 2,670 | 6,233 | |||
| 1,294,890 | 1,301,897 | ||||||
| 4. | CHARITABLE ACTIVITIES COSTS | ||||||
| Direct | Support | ||||||
| Costs (see | costs (see | ||||||
| note 5) | note 6) | Totals | |||||
| School | 1,424,993 | 12,101 | 1,437,094 | ||||
| 5. | DIRECT COSTSOFCHARITABLE ACTIVITIES | ||||||
| 2022 | 2021 | ||||||
| Staffcosts | 971,281 | 1,002,331 | |||||
| Other operating | leases | 18,316 | 21,263 | ||||
| Donations | 2,645 | 2,940 | |||||
| Other teaching | costs | 58,132 | 42,178 | ||||
| Catering | 119,381 | 96,093 | |||||
| Premises costs | 122,171 | 95,170 | |||||
| Administration | &finance costs | 70,403 | 76,625 | ||||
| Scholarship | award | 17,745 | 7,904 | ||||
| Depreciation | 44,919 | 43,409 | |||||
| 1,424,993 | 1,387,913 | ||||||
| 6. | SUPPORT | COSTS | |||||
| Governance | |||||||
| costs | |||||||
| School | 12,101 |
| 2022 | 2021 | ||
|---|---|---|---|
| Auditors' remuneration Auditors' remuneration |
for non audit work | 8,000 1/81 |
8,000 581 |
| Depreciation - owned |
assets | 449917 | 43,409 |
| Other operating leases |
18,316 | 21,263 |
| STAF | FCOSTS | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Wages Social |
and salaries security costs |
770,577 73,983 |
797,586 74,466 |
| Other | pension costs | 126,721 | 130,279 |
| 971481 | 1,002,331 |
| 2022 | 2021 | |
|---|---|---|
| Teaching | 23 | 28 |
| Other | 5 | 5 |
| 28 | 33 |
| 2022 | 2021 |
|---|---|
| 1 | 1 |
| Unrestricted | ||||
|---|---|---|---|---|
| funds | ||||
| INCOME | AND ENDOWMENTS FROM | |||
| Charitable | activities | |||
| School | 1,301,897 | |||
| Investment | income | 4,612 | ||
| Total | 1,306,509 | |||
| EXPENDITURE ON | ||||
| Charitable | activities | |||
| School | 1,400,374 | |||
| NET INCOME/(EXPENDITURE) | (93,865) | |||
| RECONCILIATION | OFFUNDS | |||
| Total funds | brought | forward | 1,199,064 | |
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 1,105,199 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1/9/20 | in funds | funds | 31/8/22 | |||
| Unrestricted | funds | |||||
| General fund | 528,197 | (176,215) | (25,649) | 326,333 | ||
| Freehold property | fund | 470,867 | (31,176) | 439,691 | ||
| Major repairs Bursary fund |
fund | 150,000 50,000 |
~25,649) | 25,649 | 150,000 50,000 |
|
| 1,199,064 | 233,040 | 966,024 | ||||
| TOTAL FUNDS | 1,199,064 | ~233,040) | 966,024 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund | 2,604,428 | (2,780,643) | (176,215) | ||
| Freehold property Bursary fund |
fund | (31,176) ~25,649) |
(31,176) ~25,649) |
||
| 2,604,428 | ~2,837,468 | ~233,040 | |||
| TOTAL FUNDS | 2,604,428 | ~2,837,468) | ~233,040) |
| FORTHE YEAR ENDED 31 | AUGUST 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| INCOME AND ENDOWMENTS | |||
| Investment income |
|||
| Deposit account interest | 3,029 | 4,612 | |
| Charitable activities |
|||
| School fees | 1467,107 | 1,277,982 | |
| Clubs &,activities | 25,113 | 17,682 | |
| Other ancillary income |
2,670 | 6,233 | |
| 1294 890 | 1,30),897 | ||
| Total incoming resources |
1P.97,919 | 1,306,509 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Wages | 770,577 | 797,586 | |
| Social security | 73,983 | 74,466 | |
| Pensions | 126,721 | 130,279 | |
| Other operating leases |
18,316 | 21,263 | |
| Donations | 2,645 | 2,940 | |
| Other teaching costs | 58,132 | 42,178 | |
| Catering | 119@81 | 96,093 | |
| Premises costs | 122,171 | 95,170 | |
| Administration &,finance |
costs | 70,403 | 76,625 |
| Scholarship award |
17,745 | 7,904 | |
| Depreciation oftangible | fixed assets | 44,919 | 43,409 |
| 1,424,993 | 1,387,913 | ||
| Support costs | |||
| Governance costs |
|||
| Auditors' remuneration |
8,000 | 8,000 | |
| Auditors' remuneration |
for non audit work | 1,381 | 581 |
| Legal fees | 2,720 | 3,880 | |
| 12,101 | 12,461 | ||
| Total resources expended | 1,437,094 | 1,400,374 | |
| Net expenditure | ~139,175) | ~93,865) |