2022-08-31-accounts

		Page
Report ofthe governors		1 to 8
Report ofthe auditors		9to 11
Statement offinancial	activities	12
Statement ofcash flows		13k 14
Balance sheet		15
Notes forming part ofthe financial statements		16to 26

			2022	2021
			g	g
			Unrestricted	Unrestricted
			Funds	Funds
			g
INCOME FROM
Donations and legacies Charitable activities		2	1,000 7,815,567	4,922 6,809,381
Other trading activities Other		3 4	12,958	11,313 63,755
Investments				4
TOTAL INCOME			7,829,525	6,889,375
EXPENDITURE ON
Raising funds Charitable activities			121,523 7,353,267	135,250 6,450,560
TOTAL RESOURCES EXPENDED		5	7,474,790	6,585,810
NET MOVEMENT IN FUNDS			354,735	303,565
RECONCILIATION	OFFUNDS
Total funds at 1st September 2021			3,578,472	3,274,907
TOTAL FUNDS AT	31STAUGUST 2022		83,933,207	j3,578,472

		Total	Total
		2022	2021
Net cash flow from operating activities		1,918,098	1,694,186
Net cash provided by/(used in) investing Purchase offixed assets	activities	(1,640,791)	(1,547,354)
Interest received			4
Net cash provided by/(used in) financing Interest paid Loan advance	activities	(188,456)	(186,758) 722,748
Hire purchase Repayment ofloans and hire purchase		111,190 (274,422)	73,585 (203,496)
Change in cash and cash equivalents in the period		(74,381)	552,915
Cash and cash equivalents at the beginning ofthe period		778,174	225,259
Cash and cash equivalents at the end ofthe period		8703,793	8778,174
Reconciliation ofnet income to net
cash flow from operating activities
Net income for the reporting period		354,735	303,565
Investment income			(4)
Interest paid (Increase) / decrease in stocks (Increase) / decrease in debtors (Increase) / decrease in creditors Depreciation Loss/(profit) on disposal offixed assets		188,456 (6,477) (132,463) 712,337 772,142 29,368	186,758 (822) (127,113) 684,797 645,751 1,254
Net cash flow from operating activities		81,918,098	81,694,186
Analysis ofcash and cash equivalents
Bank balances		$703,793	8778,174

RECONCILIATION OFNET DEBT	RECONCILIATION OFNET DEBT
		At 01.09.21	Cash Flows	At 31.08.22
Cash and cash	equivalents	778,174	(74,381)	703,793
Loans falling	due within one year	(174,912)	(31,211)	(206,123)
Loans falling	due after more than one year	(4,542,534)	203,651	(4,338,883)
Hire purchase	contracts falling due within one year	(55,683)	(1,731)	(57,414)
Hire purchase	contracts falling due within one year	(60,733)	(7,477)	(68,210)
		K 4,055,688	%88,851	f.3,966,837

		2022		2021
	Notes
FIXEDASSETS
Tangible assets			9,883,470		9,044, 189
CURRENT ASSETS
Stock	9	12,463		5,986
Debtors	10	491,258		358,795
Cash at bank and in hand		703,793		778,174
		1,207,514		1,142,955
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR	11	2,517,484		1,828, 125
NET CURRENT LIABILITIES			(1,309,970)		(685,170)
TOTAL ASSETSLESSCURRENT
LIABILITIES			8,573,500		8,359,019
CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR	12		4,640,293		4,780,547
TOTALNETASSETS			63,933,207		j3,578,472
The funds ofthe charity:
UNRESTRICTED FUNDS	13		3,933,207		3,578,472
RESTRICTED FUNDS	13
			K3,933,207		K3,578,472

			(Continued)
				2022	2021
CHARITABLE ACTIVITIES
Tuition and boarding fees Less: Scholarships, bursaries and awards Extras and disbursements recovery Registration fees				9,245,499 (1,590,300) 150,336 10,032	8,262,853 (1,575,043) 113,671 7,900
				f7,815,567	86,809,381
				2022	2021
OTHER TRADING	ACTIVITIES
Rents and lettings Sundry income				7,695 5,263	9,095 2,218
				812,958	811,313
OTHER INCOME
Grants received					$63,755

				2022
		Staff	Other
		costs	costs	Depreciation	Total
Raising funds Marketing costs and salary		29,330	92,193		121,523
Charitable	activities
Teaching Welfare		3,542,488 70,113	398,685 618,500	442,146	4,383,319 688,613
Premises		348,780	509,596	279,799	1,138,175
Supporting	costs ofschooling	516,393	576,570	50,197	1,143,160
		4,477,774	2,103,351	772,142	7,353,267
		$4,507,104	g2,195,544	8772,142	g7,474,790

					2021
			Staff	Other
			costs	costs	Depreciation	Total
			8
Raising funds Marketing costs and		salary	28,268	106,982		135,250
Charitable	activities
Teaching Welfare			3,187,349 64,615	277,088 461,711	369,002	3,833,439 526,326
Premises			323,666	498,133	225,749	1,047,548
Supporting	costs ofschooling		488,277	503,970	51,000	1,043,247
			4,063,907	1,740,902	645,751	6,450,560
			&1,092,175	f1,847,884	8645,751	86,585,810
					2022	2021
NET MOVEMENT		IN FUNDS
This is stated after charging:
Depreciation oftangible fixed assets Auditors' remuneration				772,142 8,112		645,751 7,800
Auditors'	non-audit	costs			3,498	3,360
Interest on hire purchase contracts					10,179	10,179

		2022	2021
7.	STAFF COSTS
	Wages and salaries Social Security costs Pension contributions	3,544, 144 348,815 611,558	3,237,137 303,490 551,548
	Apprenticeship levy	2,587
		f4,507,104	84,092,175

STAFF COSTS (CONTINUED)	STAFF COSTS (CONTINUED)	2022	2021
The average monthly	number ofemployees	Number	Number
in the year was:
Teaching Other	full-time part-time full-time part-time	44 15 11 59	41 13 11 53
		129	118

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	NOTES	FORMING PART OF THE FINANCIAL STATEMENTS	FORMING PART OF THE FINANCIAL STATEMENTS	FORMING PART OF THE FINANCIAL STATEMENTS	FORMING PART OF THE FINANCIAL STATEMENTS	FORMING PART OF THE FINANCIAL STATEMENTS
		FORTHE YEAR ENDED 31STAUGUST 2022
				(Continued)
						2022	2021
9.	STOCK					8
	Consumables					f,12,463	85,986
10,	DEBTORS
	Fees debtors					227,202	140,624
	Other debtors						6,222
	Prepayments and accrued income					264,056	211,949
						$491,258	f358,795
11.	CREDITORS: AMOUNTS FALLING DUE
	WITHIN ONE YEAR
	Fees charged in advance Bank loans (current instalments)					1,545,908 206,123	965,753 174,912
	Hire purchase					57,414	55,683
	Trade creditors					392,813	226,141
	Payroll taxes and social security		costs			89,954	79,956
	Other creditors					137,138	130,785
	Accruals					88,134	194,895
						f2,517,484	f1,828,125
	Bank loans and overdratt facilities:
	All monies advanced	by the bank are secured on the School's freehold land and buildings.
	The bank loans are repayable 2044 and July 2045. Interest		by July 2025, May 2026, November 2038, August 2043, June is charged at 4.23%, 2.18%, 5.84%, 4.91%, 3.17% and 2.94%
	respectively.

FUNDS		2022
	Unrestricted	Restricted		Total
				K
Balance at 1st September 2021	3,578,472			3,578,472
Net incoming resources before transfers	354,735			354,735
Balance at 31stAugust 2022	83,933,207			K3,933,207
REPRESENTED BY:
Tangible fixed assets	9,883,470			9,883,470
Net current liabilities	(1,309,970)			(1,309,970)
Long term liabilities	(4,640,293)			(4,604,293)
	K3,933,207			$3,933,207
		2021
	Unrestricted	Restricted		Unrestricted
Balance at 1st September 2020	3,274,907			3,274,907
Net incoming resources before transfers	303,565			303,565
Balance at 31stAugust 2021	K3,578,472			K3,578,472
REPRESENTED BY:
Tangible fixed assets	9,044,189			9,044,189
Net current liabilities	(685,170)			(685,170)
Long term liabilities	(4,780,547)			(4,780,547)
	g3,578,472	g	-	K3,578,472