2022-08-31-accounts

Governors		R.Fisher
		J, Clarke
		A. Page
		S.Wallis (Chairman)
		F.Barton
		C.Temple
		L. Lawson	(Appointed	1 December	2021)
		S.Fuge	(Appointed	10November	2022)
Charity number		280883
Company	number	01510524
Principal address		Moulsford
		Wallingford
		Oxfordshire
		OX109HT
Registered	office	Moulsford
		Wallingford
		Oxfordshire
		OX109HT
Auditor		Kench &Co Ltd
		Chartered Accountants
		10Station Road
		Henley on Thames
		Oxfordshire
		RG9 1AY
Bankers		Lloyds Bank PLC
		4 Market Place
		Wallingford
		Oxfordshire
		OX10 OEH
Solicitors		Field Seymour Parkes
		11 London Street
		PO Box174
		Reading
		Berkshire
		RG1 4QW

			Page
Governors'	report		1-6
Statement	ofGovernors' responsibilities
Independent	auditor's	report
Statement	offinancial	activities
Balance sheet			12
Statement	ofcash flows		13
Notes to the financial		statements	14-26

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2022	2022		2021	2021	2021
			Notes
come
Donations	and legacies				5,000	5,000		10,000	10,000
Charitable	activities			9,192,776		9,192,776	8,008,341		8,008,341
Investments				15,218		15,218	25,660		25,660
Other income				20,314		20,314	4,120		4,120
Total income				9,228,308	5,000	9,233,308	8,038,121	10,000	8,048,121
x e
Charitable	activities		7	8,712,768	5,000	8,717,768	7,694,250	34,146	7,728,396
Net income for the year/
Net movement		in funds		515,540		515,540	343,871	(24,146)	319,725
Fund balances at 1 September
2021				7,332,442		7,332,442	6,988,571	24,146	7,012,717
Fund balances		at 31August
2022				7,847,982		7,847,982	7,332,442		7,332,442

				2022	2021
			Notes
Fixed assets
Tangible assets				14,596,463	14,310,898
Current assets
Stocks			12	2,476	2,350
Debtors			13	1,673,725	1,957,623
Cash at bank and in		hand		1,333,754	1,228,923
				3,009,955	3,188,896
Creditors:	amounts	falling due within
one year			15	(3,846,584)	(3,958,761)
Net current	liabilities			(836,629)	(769,865)
Total assets less current liabilities				13,759,834	13,541,033
Creditors:	amounts	falling due after
more than	one year			(5,911,852)	(6,208,591)
Net assets				7,847,982	7,332,442
Income funds
Unrestricted	funds
General unrestricted		funds		5,361,740	4,846,200
Revaluation	reserve			2,486,242	2,486,242
				7,847,982	7,332,442
				7,847,982	7,332,442

				2022		2021
			Notes
Cash flows from operating		activities
Cash generated from operations			24		1,083,759		981,746
Investing	activities
Purchase	oftangible fixed assets			(763,369)		(465,412)
Investment	income received			15,218		25,660
Net cash	used in investing	activities			(748,151)		(439,752)
Financing	activities
Repayment	ofbank loans			(230,777)		(194,686)
Net cash	used in financing	activities			(230,777)		(194,686)
Net increase in cash and cash equivalents					104,831		347,308
Cash and	cash equivalents	at beginning	ofyear		1,228,923		881,615
Cash and	cash equivalents	at end of	year		1,333,754		1,228,923

4	Charitable	activities	activities
				Unrestricted
				funds
				2022	2021
	Gross fees			9,192,776	7,979,169
	Job retention		scheme grant income		29,172
				9,192,776	8,008,341
5	Investments
				Unrestricted
				funds
				2022	2021
	Rental income			14,902	25,489
	Interest receivable			316	171
				15,218	25,660
6	Other Income
				Unrestricted
				funds
				2022	2021
					E
	Other income			20,314	4,120

				Provision of	Provision of
				educational	educational
				services	services
				2022	2021
				F	E
Staff costs				5,202,305	4,645,398
Depreciation and impairment				477,804	445,814
Scholarship, bursaries	and direct expenditure			1,703,445	1,388,384
				7,383,554	6,479,596
Share ofsupport costs	(see note 8)			1,334,214	1,248,800
				8,717,768	7,728,396
Analysis by fund
Unrestricted funds				8,712,768	7,694,250
Restricted funds				5,000	34,146
				8,717,768	7,728,396
Support costs
		Support	Governance	2022	2021
		costs	costs
Human resources			38,422	38,422	37,770
Premises costs		439,126		439,126	474,252
General management	expenses	391,736		391,736	288,997
Information technology		95,863		95,863	105,765
Audit fees			15,894	15,894	18,650
Audit-related fees			2,550	2,550	2,490
Non-audit fees			4,818	4,818
Finance costs		272,050		272,050	279,356
Professional fees		73,755		73,755	41,520
		1,272,530	61,684	1,334,214	1,248,800
Analysed between
Charitable activities		1,272,530	61,684	1,334,214	1,248,800

The average	monthly number o	femployees during the year was:
			2022	2021
			Number	Number
Direct charitable			117	126
Management	and administration	ofthe charity	26	20
			143	146
Employment	costs		2022	2021
			E
Wages and salaries			4,166,558	3,730,039
Social security costs			412,588	361,049
Other pension costs			661,581	592,080
			5,240,727	4,683,168

The number of employees whose annual remunera benefits) was 860,000or more were:	tion (excluding employer pension costs bu	t including
	2022	2021
	Number	Number
C60,000- Z80,000	2	2
690,000 - 8120,000	2	2

Tangible fix	ed assets
			Land and	Fixtures, Motor vehicles		Total
			buildings	fittings &
				equipment
Cost or valuation
At 1 September 2021			15,798,250	1,280,074	168,064	17,246,388
Additions			629,893	133,476		763,369
At 31August	2022		16,428,143	1,413,550	168,064	18,009,757
Depreciation	and impairment
At 1 September 2021			1,706,667	1,060,759	168,064	2,935,490
Depreciation	charged	in the year	361,268	116,536		477,804
At 31August	2022		2,067,935	1,177,295	168,064	3,413,294
Carrying amount
At 31August	2022		14,360,208	236,255		14,596,463
At 31August	2021		14,091,583	219,315		14,310,898

12	Stocks			2022	2021
	Stock			2,476	2,350
13	Debtors
				2022	2021
	Amounts	falling due within one year:
	Trade debtors			1,550,985	1,852,493
	Other debtors			21,029	24,546
	Prepayments		and accrued income	101,711	80,584
				1,673,725	1,957,623

			2022	2021
				E
Bank loans			5,846,490	6,077,269
Payable	within one year		303,488	230,778
Payable	after one year		5,543,002	5,846,491
Amounts	included above which	fall due after five years:
Payable	by instalments		4,445,120	4,701,530

Creditors: amounts falling due within one year
		2022	2021
	Notes
Loans and overdrafts	14	303,488	230,778
Other taxation and social security		104,160	96,544
Deferred income	17	3,271,138	3,358,407
Trade creditors		91,788	207,236
Other creditors		19,549	12,500
Accruals		56,461	53,296
		3,846,584	3,958,761

Credi	tors: amounts falling due after m	ore than one year
		Notes	2022f	2021 E
Bank	loans	14	5,543,002	5,846,491
Other	creditors		368,850	362,100
			5,911,852	6,208,591

			2022	2021f
Other	deferred	income	3,271,138	3,358,407

					Movement	in funds		Movement	In funds
			Balance at		Incoming	Resources	Balance at	Incoming	Resources	Balance at
			1September		resources	expended	1September	resources	expended	31August
				2020 F	f	F	2021 F			2022f
	Restricted
	funds		24,146		10,000	(34,146)		5,000	(5,000)
20	Analysis ofnet		assets	between funds
				Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
					funds	funds		funds	funds
					2022 f	2022 f	2022f	2021 F	2021 f	2021f
	Fund balances at 31
	August 2022 are
	represented by:
	Tangible assets				14,596,463		14,596,463	14,310,898		14,310,898
	Current assets/(liabilities)				(836,629)		(836,629)	(769,865)		(769,865)
	Long term	liabilities			(5,911,852)		(5,911,852)	(6,208,591)		(6,208,591)
					7,847,982		7,847,982	7,332,442		7,332,442

	2022f	2021 F
Within one year	34,359	34,359
Between two and five years	58,818	93,176
	93,177	127,535

	Governors shown in no	Governors shown in no	te 9.	te 9.
24	Cash generated from		operations				2022	2021
								E
	Surplus for the year						515,540	319,725
	Adjustments for:
	Investment income recognised in statement offinancial activities						(15,218)	(25,660)
	Depreciation and impairment oftangible				fixed assets		477,804	445,814
	Movements in working		capital:
	(Increase)/decrease	in	stocks				(126)	2,452
	Decrease/(increase)	in	debtors				283,898	(28,007)
	(Decrease)/increase	in	creditors				(90,870)	41,517
	(Decrease)/increase	in	deferred	income			(87,269)	225,905
	Cash generated from		operations				1,083,759	981,746
25	Analysis ofchanges		in net (debt)/funds
						At 1 September	Cash flows	At 31August
						2021		2022
						E
	Cash at bank and in	hand				1,228,923	104,831	1,333,754
	Loans falling due within		one year			(230,778)	(72,711)	(303,489)
	Loans falling due after		more than	one year		(5,846,491)	303,488	(5,543,003)
						(4,848,346)	335,608	(4,512,738)