2023-08-31-accounts

Governors		R.Fisher
		J.Clarke
		A. Page
		S.Wallis (Chairman)
		C.Temple
		S.Fuge		(Appointed	10November 2022)
		C. Ellis		(Appomted	15June 2023)
Charity number		280883
Company	number	01510524
Principal address		Moulsford
		Wallingford
		Oxfordshire
		OX109HT
Registered	office	Mouisford
		Wallingford
		Oxfordshire
		OX109HT
Auditor		Kench &Co Ltd
		Chartered	Accountants
		10Station	Road
		Henley on	Thames
		Oxfordshire
		RG9 tAY
Bankers		Lloyds Bank PLC
		4 Market Place
		Wallingford
		Oxfordshire
		OX10OEH
Solicitors		Field Seymour Parkes
		11 London	Street
		PO Box 174
		Reading
		Berkshire
		RG1 4QW

		Page
Governors' report
Statement ofGovernors' responsibilities
Independent auditor's	report	8-10
Statement offinancial	activities
Balance sheet		12
Statement ofcash flows		13
Notes to the financial	statements	14-24

			Unrestricted	Unrestricted	Restricted	Total
			funds	funds	funds
			2023	2022	2022	2022
Income and endowments	from	Notes		E	f
Donations and legacies Charitable activities Investments Other income		3 4 5 6	10,036,965 47,060 751	9,192,776 15,218 20,314	5,000	5,000 9,192,776 15,218 20,314
Total income			10,084,776	9,228,308	5,000	9,233,308
~ECht
Charitable activities		7	9,552,031	8,712,768	5,000	8,717,768
Net Income for the year/
Net movement in funds			532,745	515,540		515,540
Fund balances at 1 September 2022			7,847,982	7,332,442		7,332,442
Fund balances at 31August 2023			8,380,727	7,847,982		7,847,982

								2023	2022
						Notes		f
Fixed assets
Tangible assets						12		14,593,824	14,596,463
Current assets
Stocks						13		8,420	2,476
Debtors						14	2,312,635		1,673,725
Cash at bank and		in	hand				1,369,930		1,333,754
							3,690,985		3,009,955
Creditors:	amounts		falling due within
one year						16	(4,565,930)		(3,846,584)
Net current	liabilities							(874,945)	(836,629)
Total assets less		current			liabilities			13,718,879	13,759,834
Creditors:	amounts		falling due after
more than	one year					17		(5,338,152)	(5,911,852)
Net assets								8,380,727	7,847,982
Income funds
Unrestricted	funds
General unrestricted			funds				5,894,485		5,361,740
Revaluation	reserve						2,486,242		2,486,242
								8,380,727	7,847,982
								8,380,727	7,847,982
The financial	statements			were approved		by the Governors	on	'.~..,.„. ..9R93P IJk2 I'
						~r	a.-L.
R. Fisher						J.Clarke
Trustee						Trustee

			Notes	2023 f	2022 f
Cash flows from operating		activities
Cash generated from operations			24	1,121,168	1,083,759
Investing activities
Purchase of tangible fixed assets Investment income received				(500,072) 47,060	(763,369) 15,218
Net cash used in investing		activities		(453,012)	(748,151)
Financing activities
Repayment of bank loans				(631,980)	(230,777)
Net cash used in financing		activities		(631,980)	(230,777)
Net increase in cash and cash equivalents				36,176	104,831
Cash and cash equivalents	at beginning		ofyear	1,333,754	1,228,923
Cash and cash equivalents		at end of	year	1,369,930	1,333,754

			Restricted	Restricted
			funds	funds
			2023 6	2022f
	Donations	and gifts		5,000
4	Charitable	activities
			Unrestricted	Unrestricted
			funds	funds
			2023	2022
			6	6
	Gross fees		10,036,965	9192776

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		6	6
Rental	income	31,003	14,902
Interest	receivable	16,057	316
		47,060	15,218

Unrestricted	Unrestricted
funds	funds
2023	2022
f	f
751	20,314

				Provision of	Provision of
				educational	educational
				services	services
				2023f	2022f
Staff costs				5,598,163	5,202,305
Depreciation		and impairment		502,712	477,804
Scholarship,		bursaries	and direct expenditure	1,751,850	1,703,445
				7,852,725	7,383,554
Share of	support costs		(see note 8)	1,699,306	1,334,214
				9,552,031	8,717,768
Analysis	by	fund
Unrestricted		funds		9,552,031	8,712,768
Restricted	funds				5,000

8	Support costs
			Support	Governance	2023	2022
			costs	costs
	Human resources Premises costs General management Information technology Audit fees Audit-related fees Non-audit fees Finance costs Professional fees	expenses	477,771 626,393 143,994 277,910 98,868	50,370 17,400 2,580 4,020	50,370 477,771 626,393 143,994 17,400 2,580 4,020 277,910 98,868	38,422 439,126 391,736 95,863 15,894 2,550 4,818 272,050 73,755
			1,624,936	74 370	1 699306	1,334,214
	Analysed between
	Charitable activities		1,624,936	74,370	1,699,306	1,334,214

The average monthly number o	femployees during the year was	:
		2023	2022
		Number	Number
Direct charitable		124	117
Management and administration	ofthe charity	20	26
		144	143
Employment costs		2023 f	2022f
Wages and salaries Social security costs Other pension costs		4,486,355 433,464 728,714	4,166,558 412,588 661,581
		5,648,533	5,240,727

s number of employees whose annual remunera benefits) was f60,000or more were:	tion (excluding employer pension costs bu	t including
	2023	2022
f60,000 -f80,000 f90,000-f120,000	Number 2 1	Number 2 2

12	Tangible fixed assets	Tangible fixed assets
			Land and	Fixtures,	Motor vehicles	Total
			buildings	fittings IL
				equipment
	Cost or valuation			f	f
	At 1 September 2022 Additions Disposals		16,428,143 385,894	1,413,550 114,178	168,064 (61,014)	18,009,757 500,072 (61,014)
	At 31August 2023		16,814,037	1,527,728	107,050	18,448,815
	Depreciation and impairment
	At 1 September 2022 Depreciation charged in the year Eliminated in respect ofdisposals		2,067,935 374,462	1,177,295 128,249	168,064 (61,014)	3,413,294 502,711 (61,014)
	At 31August 2023		2,442,397	1,305,544	107,050	3,854,991
	Carrying amount
	At 31August 2023		14,371,640	222,184		14,593,824
	At 31August 2022		14,360,208	236,255		14,596,463

13	Stocks
			2023f	2022 f
	Stock		8,420	2,476
14	Debtors
			2023	2022
	Amounts falling due within one year:		f
	Trade debtors Other debtors Prepayments	and accrued income	2,167,667 71,291 73,677	1,550,985 21,029 101,711
			2,312,635	1,673,725

Loans	and overdrafts
		2023	2022
Bankloans		5,214,512	5,846,490
Payable Payable	within one year after one year	262,960 4,951,552	303,488 5,543,002
Amounts	included above which fall due after five years;
Payable	by instalments	3,945,227	4,445,120

Creditors: amounts falling due within one year
		2023	2022
	Notes		6
Loans and overdrafts Other taxation and social security Deferred income Trade creditors Other creditors Accruals	15	262,960 107,071 3,874,792 155,916 94,127 71,064	303,488 104,160 3,271,138 91,788 19,549 56,461
		4,565,930	3,846,584

Credi	tors: amounts falling due after m	ore than one year
			2023	2022
		Notes	f
Bank Other	loans creditors	15	4,951,552 386,600	5,543,002 368,850
			5,338,152	5,911,852

Analysi	s ofnet assets between	funds
			Unrestricted	Unrestricted	Total
			funds	funds
			2023	2022	2022
			E	E	E
Fund balances at are represented		by:
Tangible assets Current assets/(liabilities) Long term liabilities			14,593,824 (874,945) (5,338,152)	14,596,463 (836,629) (5,911,852)	14,596,463 (836,629) (5,911,852)
			8,380,727	7,847,982	7,847,982

	2023	2022
		E
Within one year	98,519	34,359
Between two and five years	117,529	58,818
	216,048	93,177

	generae rom	operatio	s					2023	2022
								6	6
	Surplus for the year							532,745	515,540
	Adjustments for:
	Investment income recognised in statement offinancial Depreciation and impairment of tangible fixed assets					activities		(47,060) 502,711	(15,218) 477,804
	Movements in working	capital:
	(Increase) in stocks (Increase)/decrease in Increase/(decrease) in Increase/(decrease) in	debtors creditors deferred	income					(5,944) (638,910) 173,972 603,654	(126) 283,898 (90,870) (87,269)
	Cash generated from	operations						1,121,168	1,083,759
25	Analysis ofchanges	In net (debt)/funds
							At 1September	Cesh flows	At31 August
							2022		2023
							6		6
	Cash at bank and in hand						1,333,754	36,176	1,369,930
	Loans falling due within	one year					(303,489)	40,529	(262,960)
	Loans falling due after	more than	one year				(5,543,003)	591,451	(4,951,552)
							(4,512,738)	668,156	(3,844,582)