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|---|---|---|---|---|
|Trustees'|report|||1-4|
|Statement||oftrustees'|responsibilities||
|Independent||auditor's|report|6-8|
|Statement||offinancial|activities||
|Statement||offinancial|position|10|
|Statement||ofcash flows|||
|Notes to|the financial||statements|12-24|
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||||Unrestricted|Unrestricted|Total|Unrestricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||general|designated||general|designated||
|||Notes|2022|2022||2021
K|2021
f|2021
F|
|Income from:|||||||||
|Donations
and Grants||2|2,913||2,913|351,970||351,970|
|Charitable
activities||3|2,997,192||2,997,192|1 031 704||1,031,704|
|Total income|||3,000,105||3,000,105|1,383,674||1,383,674|
|Ex enditure on:|||||||||
|Charitable
activities|||||||||
|Charitable
activities||5|2,756,324||2,756,324|1,703,168||1,703,168|
|Grants payable||5|31,036||31,036|11,174||11,174|
|Total charitable|expenditure||2,787,360||2,787,360|1,714,342||1,714,342|
|Net income/(expenditure)||for|||||||
|the year/|||||||||
|Net movement|in funds||212,745||212,745|(330,668)||(330,668)|
|Fund balances|at 1||||||||
|January 2022|||5,986,132|46,427|6,032,559|6,316,800|46,427|6,363,227|
|Fund balances|at 31||||||||
|December 2022|||6,198,877|46,427|6,245,304|5,986,132|46,427|6,032,559|
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|||||||2022||2021||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|R||||
|Fixed assets||||||||||
|Goodwill|||||8||312,763||357,443|
|Tangible assets|||||9||7,658,300||7,702,688|
|Investments|||||10||||201|
||||||||7,971,063||8,060,332|
|Current assets||||||||||
|Stocks|||||12|971||1,577||
|Debtors|||||13|531,985||179,839||
|Cash at bank||and|in|hand||530,555||124,533||
|||||||1,063,511||305,949||
|Creditors:
one year|amounts|||falling due within|15|(2,422,627)||(1,232,815)||
|Net current|liabilities||||||(1,359,116)||(926,866)|
|Total assets||less|current liabilities||||6,611,947||7,133,466|
|Creditors:
more than|amounts
one year|||falling due after|16||(366,643)||(1,100,907)|
|Net assets|||||||6,245,304||6,032,559|
|Income funds||||||||||
|Unrestricted||funds|-|designated|||46,427||46,427|
|General
unrestricted||||funds||354,591||141,846||
|Revaluation||reserve||||5,844,286||5,844,286||
||||||||6,198,877||5,986,132|
||||||||6,245,304||6,032,559|
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|||Notes|2022
f||2021
f||
|---|---|---|---|---|---|---|
|Cash flows from operating|activities||||||
|Cash generated
from/(absorbed
by)
operations||22||482,382||(67,494)|
|Investing
activities|||||||
|Proceeds on disposal ofsubsidiaries|||201||||
|Net cash generated
from/(used
in)|||||||
|investing
activities||||201|||
|Financing
activities|||||||
|Repayment
of bank loans|||(76,561)||||
|Net cash used in financing|activities|||(76,561)|||
|Net increase/(decrease)
in
equivalents|cash and cash|||406,022||(67,494)|
|Cash and cash equivalents|at beginning|ofyear||124,533||192,027|
|Cash and cash equivalents|at end of|year||530,555||124,533|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||general|general|
||||2022|2021|
|||||f.|
|Grants receivable for core activities|||||
|Coronavirus|Job Retention Scheme|||304,970|
|Local Authority||Grants||47,000|
|Other|||2,913||
||||2,913|351,970|
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|||||Fee income|Ancillary|Rental Income|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||income|||2021|
|Income|within|charitable|activities|2,721,309|240,701|35,182|2,997,192|1,031,704|
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|||||Charitable|Grants|Total|Total|
|---|---|---|---|---|---|---|---|
|||||activities|payable|2022f|2021
E|
|Teachers' Salaries||||1,038,034||1,038,034|539,055|
|Depreciation||and impairment||89,068||89,068|89,184|
|Educational|Materials|||63,936||63,936|23,727|
|ITCosts||||119,197||119,197|79,466|
|Publicity||||174,627||174,627|36,046|
|Establishment||Expenses||297,748||297,748|133,968|
|Administrative||Expenses||925,690||925,690|724,220|
|Staff Courses||/ Training||4,539||4,539|1,844|
|Student Accommodation||||(34,814)||(34,814)|(2,179)|
|Financial Charges||||59,578||59,578|39,457|
|Grants|||||31,036|31,036|11,174|
|||||2,737,603|31,036|2,768,639|1,675,962|
|Share ofgovernance|||costs (see note )|18,721||18,721|38,380|
|||||2,756,324|31,036|2,787,360|1,714,342|
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|Number ofe|mployee|s|s||||||
|---|---|---|---|---|---|---|---|---|
|The average|monthly|number of employees||during|the|year was:|||
||||||||2022|2021|
||||||||Number|Number|
|Teaching|||||||52|27|
|Administration|||||||26|21|
||||||||78|48|
|Employment|costs||||||2022|2021|
||||||||K|E|
|Wages and salaries|||||||1,609,677|1,007,892|
|Social security costs|||||||149,133|88,244|
|Other pension|costs||||||133,372|103,626|
||||||||1,892,182|1,199,762|
|The number|ofemployees||whose annual|remuneration||was f60,000 or more|||
|were:|||||||||
||||||||2022|2021|
||||||||Number|Number|
|F60,001-F70,000||||||||1|
|880,001-F90,000|||||||||
|6120,001-F130,000|||||||||
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|Intangible
Axed assets||
|---|---|
||Goodwill|
|Cost||
|At 1 January 2022 and 31 December 2022|446,803|
|Amortisation
and impairment||
|At 1 January 2022|89,360|
|Amortisation
charged for the year|44,680|
|At 31 December 2022|134,040|
|Carrying
amount||
|At 31 December 2022|312,763|
|At 31 December 2021|357,443|
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|9|Tangible fixed assets||||||
|---|---|---|---|---|---|---|
||||Freehold
land|Fixtures, Motor vehicles||Total|
||||and buildings|fittings &|||
|||||equipment|f||
||Cost or valuation||||||
||At 1 January 2022||7,865,000|349,463|13,788|8,228,251|
||At 31 December 2022||7,865,000|349,463|13,788|8,228,251|
||Depreciation
and impairment||||||
||At 1 January 2022||163,688|349,463|12,412|525,563|
||Depreciation
charged|in the year|44,044||344|44,388|
||At 31 December 2022||207,732|349,463|12,756|569,951|
||Carrying
amount||||||
||At 31 December 2022||7,657,268||1,032|7,658,300|
||At 31 December 2021||7,701,312||1,376|7,702,688|
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|10|Fixed asset invest|ments||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||Other|
|||||||||investments||
||Cost or valuation|||||||||
||At 1 January 2022||||||||201|
||Disposals||||||||(201)|
||At 31 December 2022|||||||||
||Carrying
amount|||||||||
||At 31 December 2022|||||||||
||At 31 December 2021||||||||201|
||Other investments|comprise:||||Notes|2022f||2021f|
||Investments
in subsidiaries||||||||201|
|11|Fixed Asset Investments|||||||||
||Name ofundertaking||Registered|||Nature ofbusiness|Class of|%|Held|
||||oNce||||shares held|Direct|Indirect|
||English
In Chester|Limited|33 Palmeira|Mansions,||Dormant|Ordinary|100.00||
||||Hove, England,||BN3 2GB|||||
||Stanley Place (Holdings)||33 Palmeira|Mansions,||Dormant|Ordinary||100.00|
||Limited||Hove, England,||BN3 2GB|||||
||Eastbourne
School|of|8Trinity Trees,|||Dormant|Guarantee|100.00||
||English
Limited||Eastbourne,|Sussex,||||||
||||BN21 3LD|||||||
|12|Stocks|||||||||
|||||||||2022f|2021|
||Finished goods and goods for resale|||||||971|1,577|
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|13|Debtors||||||||
|---|---|---|---|---|---|---|---|---|
||Amounts
falling due||within|one|year:||2022f|2021f|
||Trade debtors||||||350,271|152,975|
||Other debtors||||||181,714|26,864|
||||||||531,985|179,839|
|14|Loans and overdrafts||||||||
||||||||2022|2021|
||Bank loans||||||1,115,050|1,191,611|
||Payable
within|one year|||||748,407|90,704|
||Payable after one year||||||366,643|1,100,907|
||Amounts
included
above which fall due after five years:||||||||
||Payable
by instalments||||||93,763|161,983|
||The long-term|loans are secured|||by tixed charges over the properties|held by|the company.||
|15|Creditors: amounts||falling|due|within one year||||
||||||||2022|2021|
||||||Notes|||F|
||Bank loans|||||14|748,407|90,704|
||Other taxation|and social security|||||49,351|22,759|
||Deferred
income||||||600,229|511,899|
||Payments
received on account||||||633,966|465,428|
||Trade creditors||||||390,674|141,824|
||Amounts
owed|to subsidiary||undertakings||||201|
||||||||2,422,627|1,232,815|
|16|Creditors: amounts||falling|due|after more than one year||||
||||||||2022|2021|
||||||Notes|||E|
||Bank loans|||||14|366,643|1,100,907|
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|20|Operating
lease commitments|Operating
lease commitments|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||At the reporting
end date the|charity|had outstanding|||commitments|for future|minimum|lease payments|under|
||non-cancellable
operating
leases, which|||fall due|as follows:||||||
||||||||||2022|2021|
||Within one year
Between two and five years||||||||4,461|10,661
2,930|
||||||||||4,461|13,591|
|21|Related party transactions||||||||||
||Remuneration
ofkey management||personnel||||||||
||The remuneration
of key management|||personnel
is as follows.|||||||
||||||||||2022|2021|
|||||||||||F|
||Aggregate
compensation||||||||266,777|211,379|
||There were no other related|party transactions|||in the|period to disclose.|||||
|22|Cash generated
from operations||||||||2022|2021f|
||Surplus/(deficit)
for the year||||||||212,745|(330,668)|
||Adjustments
for:
Depreciation
and impairment|oftangible
fixed assets|||||||89,068|89,184|
||Movements
in working
capital:
Decrease
in stocks||||||||606|300|
||(Increase)
in debtors
increase
in creditors||||||||(352,146)
443,779|(66,392)
181,209|
||Increase
in deferred
income||||||||88,330|58,873|
||Cash generated
from/(absorbed||by)|operations|||||482,382|(67,494)|
##
|23|Analysis ofchanges
in net (debt)/funds|Analysis ofchanges
in net (debt)/funds||||
|---|---|---|---|---|---|
||||At 1 January|Cash flows|At 31 December|
||||2022||2022f|
||Cash at bank and|in hand|124,533|406,022|530,555|
||Loans falling due|within one year|(90,704)|(657,703)|(748,407)|
||Loans falling due|after more than one year|(1,100,907)|734,264|(366,643)|
||||(1,067,078)|482,583|(584,495)|