|||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|
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||||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|
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|||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|
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|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|
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|||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|
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||||(Continued)|||
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|||||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|
##
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|||||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|
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||||||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|
##
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|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.|||||||
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|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|
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