## ## ## |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)|