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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|11|
|Report ofthe Independent
Auditors|12|to|14|
|Statement ofFinancial Activities||15||
|Balance Sheet|16 to||17|
|Cash Flow Statement||18||
|Notes to the Cash Flow Statement||19||
|Notes to the Financial Statements|20|to|30|
|Detailed Statement ofFinancial Activities||31||
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||funds|funds|
|||||Notes|||
|INCOME|AND ENDOWMENTS FROM||||||
|Charitable|activities|||3|||
|School|||||1,481,718|1,294,890|
|Investment|income||||6,007|3,029|
|Total|||||1,487,725|1,297919|
|EXPENDITURE ON|||||||
|Charitable|activities||||||
|School|||||1,485,954|1,437,094|
|NET INCOME/(EXPENDITURE)|||||1,771|(139,175)|
|RECONCILIATION|||OFFUNDS||||
|Total funds|brought|forward|||966,024|1,105,199|
|TOTAL FUNDS CARRIED FORWARD|||||967,795|966,524|
##
|||BALANCE SHEET
31AUGUST 2023|||
|---|---|---|---|---|
||||2023|2022|
||||Unrestricted|Total|
||||funds|funds|
|||Notes|||
|FIXEDASSETS|||||
|Tangible assets||12|548,510|560,116|
|CURRENT ASSETS|||||
|Debtors||13|468,079|415,565|
|Cash at bank snd in|hand||591,857|620,830|
||||1,059,936|1,036,395|
|CREDITORS|||||
|Amounts
falling due|within one year|14|(569,151)|(559,487)|
|NET CURRENT ASSETS|||490705|476906|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||1,039,295|1,037,024|
|CREDITORS|||||
|Amounts
falling due|after more than one||||
|year||15|(71,500)|(71,000)|
|NET ASSETS|||967,795|966,024|
|FUNDS||16|||
|Unrestricted
funds:|||||
|General fund|||343,692|326,333|
|Freehold property|fund||424,103|439,691|
|Major repairs fund|||150,000|150,000|
|Bursary fund|||50000|50,000|
||||967,795|966024|
|TOTAL FUNDS|||967,795|966,024|
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||FORTH|E YEAR ENDE|D 31AUGUST 2023||
|---|---|---|---|---|
||||2023|2022|
|||Notes|||
|Cash flows from operating
activities
Cash generated
from operations||1|~574)|~13,290)|
|Net cash used in operating|activities||~574|~13,290)|
|Cash flows from investing|activities||||
|Purchase oftangible fixed assets|||(34,927)|(37,750)|
|Sale oftangible fixed assets
Interest received|||521
6,007|1,484
~3029|
|Net cash used in investing|activities||~28 99)|~33,237)|
|Change in cash and cash|equivalents||||
|in the reporting
period|||(2$,973)|(46,527)|
|Cash and cash equivalents|at the||||
|beginning
ofthe reporting|period||620,830|667,357|
|Cash and cash equivalents|at the end||||
|ofthe reporting
period|||.591,857|~620 830|
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|OPERATING ACTIVI|TIES||||
|---|---|---|---|---|
||||2023|2022|
|Net income/(expenditure)|for the reporting|period (as per the|||
|Statement ofFinancial|Activities)||1,771|(139,175)|
|Adjustments
for:|||||
|Depreciation
charges|||46,011|44,919|
|Interest received|||(6,007)|(3,029)|
|Increase in debtors|||(52,515)|(35,969)|
|Increase in creditors|||10,166|119,964|
|Net cash used in operations|||~574)|~13,290)|
##
||At 1/9/22|Cash|flow|At 31/8/23|
|---|---|---|---|---|
|||||5|
|Net cash|||||
|Cash at bank and in hand|620,830|~28,973)||591,857|
||620,830|28,973||591,857|
|Total|~620830|~28|/3|~591857|
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|Freehold|properly|2% on cost|
|---|---|---|
|Improvements
to property||10%on cost|
|Fixtures|Ecfittings|10%on cost and 10%on reducing balance|
|Computer|equipment|33%on cost, 25% on cost and 25%on reducing balance|
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|||NOTES TO|NOTES TO|THE FINANCIAL STATEMENTS|THE FINANCIAL STATEMENTS|—continued|—continued||
|---|---|---|---|---|---|---|---|---|
||||FORTHK YEAR ENDED 31||AUGUST 2023||||
|2.|INVKSTMKNT|INCOME|||||||
||||||||2023|2022|
||Deposit account|interest|||||6,007|3,029|
|3.|INCOME FROM CHAMTABLE ACTIVITIES||||||||
||||||||2023|2022|
|||||Activity|||||
||School fees|||School|||1,448,995|1,267,107|
||Clubs &activities|||School|||22,177|25,113|
||Other ancillary|income||School|||10,546|2,670|
||||||||1,481,718|1,294 898|
|4.|CHARITABLE ACTIVITIES COSTS||||||||
||||||Direct||Support||
||||||Costs|(see|costs (see||
||||||note|5)|note 6)|Totals|
||School||||1,474,171||11,783|1,485,954|
|5.|DIRECT COSTSOF||CHARITABLE ACTIVITIES||||||
||||||||2023|2022|
|||||||||6|
||Staffcosts||||||992,993|971,281|
||Other operating|leases|||||11,610|18,316|
||Donations||||||2,910|2,645|
||Other teaching|costs|||||64,663|58,132|
||Catering||||||151,860|119,381|
||Premises costs||||||112,591|122,171|
||Administration|&finance costs|||||63,925|70,403|
||Scholarship
award||||||22,678|17,745|
||Bad debts written off||||||4,930||
||Depreciation||||||46,011|44,919|
||||||||1,474.171|1,424,993|
##
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|SUPPORT COSTS||||
|---|---|---|---|
||||Governance|
||||costs|
|School|||11,783|
|NET INCOME/(EXPENDITURE)||||
|Net income/(expenditure)|is stated after charging/(crediting):|||
|||2023|2022|
|Auditors'
remuneration||8,000|8,000|
|Auditors'
remuneration|for non audit work|1,224|1,381|
|Depreciation - owned assets||46,012|44,917|
|Other operating
leases||11,610|18,316|
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|||2023|2022|
|---|---|---|---|
|||8||
|Wages|and salaries|788,923|770,577|
|Social|security costs|77,041|73,983|
|Other|pension costs|127,029|126,721|
|||992,993|971,281|
|The average monthly
number ofemployees|during the year was as follows:||
|---|---|---|
||2023|2022|
|Teaching|22|23|
|Other|5|5|
||27|28|
##
##
|The num
660,000|ber
of employees
whose
employee
be
was:|nefits
(excluding
employer
pension
co|sts) excee|
|---|---|---|---|
|||2023|2022|
|680,001|- f90,000|1|1|
##
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|COMPAR|ATIVES|F|OR THE STATEMENT OFFINANCIAL|ACTIVITIES|
|---|---|---|---|---|
|||||Unrestricted|
|||||funds|
|INCOME|AND ENDOWMENTS FROM||||
|Charitable|activities||||
|School||||1,294,890|
|Investment|income|||3,029|
|Total||||1,297,919|
|EXPENDITURE ON|||||
|Charitable|activities||||
|School||||1,437,094|
|NET INCOME/(EXPENDITURE)||||(139,175)|
|RECONCILIATION|||OFFUNDS||
|Total funds|brought|forward||1,105,199|
|TOTAL FUNDS CARRIED|||||
|FORWARD||||966,924|
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|TANGIBLE FIXED A.SS|ETS|||||
|---|---|---|---|---|---|
|||Improvements||||
||Freehold|to|Fixtures|Computer||
||property|property|dr fittings|equipment|Totals|
|COST||||||
|At 1 September 2022|779,378|62,574|261,519|175,588|1,279,059|
|Additions|||34,927||34,927|
|Dispo sais|||~2,803)|~27 131|~29934)|
|At 31August 2023|~779 78|62,574|~293643|148,457|1,284,052|
|DEPRECIATION||||||
|At 1 September 2022|339,686|56,713|149,590|172,954|718,943|
|Charge for year|15,588|1&948|26,956|1,520|46,012|
|Eliminated
on disposal|||~2482|~27,131)|~29,413|
|At 31 August 2023|355,274|~58661|174,264|147443|735&542|
|NET BOOKVALUE||||||
|At 31August 2023|424,104|3,913|~119 79|1,114|548,510|
|At 31August 2022|~439 692|5,861|111,929|2 634|560,116|
##
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||8||
||Fees &extras|||||455,898|393,260|
||Other debtors|||||390|390|
||Prepayments
and accrued income|||||11,791|21,915|
|||||||468,079|415,565|
|14,|CREDITORS: AMOUNTS FALLING|||DUE WITHIN|ONK YEAR|||
|||||||2023|2022|
||Trade creditors|||||1,540|61,659|
||Social security and|other|taxes|||17,347|17,003|
||Other creditors|||||17,152|18,900|
||Fees &extras|||||507,488|438,573|
||Fee deposits due within||1 year|||7,000|5,500|
||Accrued expenses|||||18,624|17,852|
|||||||569,151|559,487|
|15.|CREDITORS: AMOUNTS FALLING|||DUE AFTER|MORE THAN|ONE YEAR||
|||||||2023|2022|
|||||||8||
||Fee deposits repayable|||||71,500|71,000|
|16.|MOVEMENT IN|FUNDS||||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1/9/22|in funds|funds|31/8/23|
||||||g|||
||Unrestricted
funds|||||||
||General fund|||326,333|40,037|(22,678)|343,692|
||Freehold property|fund||439,691|(15,5SS)||424,103|
||Major repairs fund|||150,000|||150,000|
||Bursary fund|||50,000|~22 678|22,678|50,000|
|||||966,024|1,771||967,795|
||TOTAL FUNDS|||966,024|1,771||967,795|
##
##
|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|tn funds|
|Unrestricted|funds||||||
|General fund||||1,487,725|(1,447,68$)|40,037|
|Freehold property
Bursary fund||fund|||(15,588)
~22 678|(15,588)
~22,678|
|||||1,407725|~1485954|1771|
|TOTAL FUNDS||||1,487,725|~14S5&6~4|1,771|
|Comparatives|for|movement|in funds||||
|Comparatives|for|movement
in|funds||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1/9/21|in funds|funds|31/8/22|
|Unrestricted|funds||||||
|General fund|||449,920|(105,842)|(17,745)|326,333|
|Freehold property||fund|455,279|(15,588)||439,691|
|Major repairs
Bursary fund|fund||150,000
50,000|~17,745)|17,745|150,000
50,000|
||||1,105,199|139,175||966,024|
|TOTAL FUNDS|||1,105 199|~)39)75)||966,024|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||||8|||
|Unrestricted|funds|||||
|General fund|||1,297,919|(1,403,761)|(105,842)|
|Freehold property
Bursary fund||fund||(15,588)
()7745)|(15,588)
~77745|
||||1,297.919|~)437094|139175|
|TOTALFUNDS|||1297919|~)437094|~)39)75)|
##
##
|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1/9/21|in funds|funds|31/8/23|
|Unrestricted|funds||||||
|General fund|||449,920|(65,805)|(40,423)|343,692|
|Freehold property||fund|455,279|(31,176)||424,103|
|Major repairs|fund||150,000|||150,000|
|Bursary fund|||50,000|~40,423)|40,423|50,000|
||||1~105,199|~137,404||967,795|
|TOTAL FUNDS|||1,105,199|~137404)||967 795|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|||||I,||
|Unrestricted|funds|||||
|General fund|||2,785,644|(2,851,449)|(65,805)|
|Freehold property
Bursary fund||fund||(31,176)
~40,423)|(31,17@
~40,423)|
||||2,785,644|~2,923,048|~(137,404|
|TOTAL FUNDS|||2,7115644|~2 923 048)|~337~04)|
##
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|||2023|2022|
|---|---|---|---|
|INCOME AND ENDOWMENTS||||
|Investment
income||||
|Deposit account interest||6,007|3,029|
|Charitable
activities||||
|School fees||1,448,995|1,267,107|
|Clubs &activities||22,177|25,113|
|Other ancillary
income||10546|2,670|
|||1,481,718|1,294,890|
|Total incoming resources||1,487,725|1,297,919|
|EXPENDITURE||||
|Charitable
activities||||
|Wages||788,923|770,577|
|Social security||77,041|73,983|
|Pensions||127,029|126,721|
|Other operating
leases||11,610|18,316|
|Donations||2,910|2,645|
|Other teaching costs||64,663|58,132|
|Catering||151,860|119,381|
|Premises costs||112,591|122,171|
|Administration
&finance|costs|63,925|70,403|
|Scholarship
award||22,678|17,745|
|Bad debts written off||4,930||
|Depreciation oftangible|fixed assets|46,011|44,919|
|||1,474,171|1,424,993|
|Support costs||||
|Governance
costs||||
|Auditors'
remuneration||8,000|8,000|
|Auditors'
remuneration|for non audit work|1,224|1,381|
|Legal fees||2,559|2 720|
|||11,783|12,101|
|Total resources expended||1,485,954|1,437,094|
|Net income/(expenditure)||||