#
##
##
|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)|