## ## ## ## ## ## |CONTENTS|||Pacaes| |---|---|---|---| |Governors'
Report|||1 —10| |Report ofthe Independent||Auditors|11 - 14| |Statement
of Financial|Activities||15| |Balance Sheet|||16| |Cash Flow Statement|||17-18| |Notes to the Financial|Statements||19-28| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Unrestricted|Funds|Funds|Restricted|Restricted||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||Nt|0
I|~0i||td|9|d|Et
I|Total| |||||2022
f||2022
F||2022
f||2022
f|2021
f| |INCOME|||||||||||| |Income from charitable||activities|||||||||| |Fee income||||4,895,304||(168,503)||||4,726,801|4,448,515| |Other income|||3|371,325||||||371,325|331,503| |Income from generated
Investment
income||funds||3 514||||||3,514|1,299| |Total income||||5,270,143|~168||503)|||5 101,640|4,781 317| |EXPENDITURE|||||||||||| |Cost ofgenerating
funds
Fundraising
and publicity|||4|36,812||||||36,812|46,592| |Charitable
activities|||||||||||| |Direct charitable
expenditure|||5|4,288,405|||675|||4,289,080|4,100,898| |Support and governance||costs|6|532,171||||||532,171|475 533| |Total expenditure||||4,857,388|||675|||4,858063|4,623,023| |Net income before|transfers||||||||||| |Between funds||||412,755|~169,178)|||||243 577|158294| |Transfers
between|funds|||179,497||(179,497)|||||| |Net income before|other|recognised|||||||||| |gains and losses||||592,252||(348,675)||||243,577|158,294| |Loss on revaluation|offixed assets||||||||||| |for Charity's
own use|||||||||||| |Net movement
in funds||||592,252||(348,675)||||243,577|158,294| |Total funds brought
forward
at 1 September 2021||||4,610,395|3,201,011||||4,584|7,815,990|7,657,696| |Total funds carried|forward||||||||||| |at 31 August 2022||||E5,202,647|E2|852|336|74584||EII,059,567E7,815,990|| ## ||||||Notes|2022|2021| |---|---|---|---|---|---|---|---| |Fixed assets|||||||| |Tangible Assets||||||7 188868|7~077 916| |Current assets|||||||| |Stocks||||||20,634|10,770| |Debtors|||||10|5,638|6,501| |Prepayments|||||10|39,583|28,673| |Cash at Bank and|In Hand|||||3,024,465|3,629,388| |||||||3,090,320|3,675,332| |Creditors:|||||||| |Amounts
falling due||within||one year||)) 009,988)|990,530| |Net current assets:||||||2,080,332|2684,802| |Total assets less|current|||liabilities||9,269,196|9,762,718| |Creditors; Amounts||falling||due after more than one year|11|(889,000)|(1,126,700)| |Accruals and deferred|||income|||~020629)|~820,028| |||||||F8,059,567|F7,815,990| |Unrestricted
funds|||||15||| |Designated
Funds||||||2,852,336|3,201,011| |General
Funds||||||3,913,338|3,321,086| |Revaluation
Reserve||||||1,289,309|1,289309| |||||||8,054,983|7,811,406| |Restricted funds|||||15|4,584|4584| |Total charity funds|||||15|28 059,567|67,815,990| ## ## ## ## ## ## |ANALYSIS OF C|HANG|ES
IN NET DEBT|||| |---|---|---|---|---|---| ||||At 1.9.21|Cash flow|At 31.08.22| ||||f|F|f.| |Net cash|||||| |Cash at bank and|in hand||3629388|~604 923)|3 024465| ||||3629,388|~604923)|3,024465| |Debt|||||| |Debts falling due
Debts falling due|within
1 year
after 1 year||(220,000)
~980,000)|(20,000)
240,000|(240,000)
~740,000)| ||||)1,200,000)|220,000|~980,000)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |5.|DIRECT CHARITABLE|EXPEN|ITURE|Staff|~&i
11
~078||&|Other|Total|Total| |||||Costs|of Fixed|Assets||Costs|2022|2021| |||||||||F||f.| ||Teaching Salaries and Costs
Estate Salaries and Costs||2,801,669
132,874||106,986
135,926|||267,382
272,936
3,176,037
541,736||3,030,924
597,285| ||Transport Costs
Catering Salaries and
Utilities Costs|Costs||116,261|1,517|||257,929
104,399
91,201
257,929
222,177
91,201||209,961
179,860
82,868| ||||f3,050,804||f244,429|||8993,847 84,289,0110||84,100 898| |6.|SUPPORT AND GOVERNANCE||COSTS|||||||| |||||||||2022
f||2021
f| ||Support Costs:
Salaries and Office Costs|||||||475,123||405,301| ||Finance|||||||33,635||17,167| ||Governance
Costs:|||||||||| ||Legal and Professional
Audit and Accountancy|Fees
Fees||||||9,613
13,800||37,141
15,924| |||||||||f532,171||f475,533| |||||||||2022||2021| |||||||||f||F| ||Total Staff Costs Comprised:|||||||||| ||Wages and Salaries
Social Security Costs
Pension Costs|||||||2,723,202
289,173
413121||2,543,140
258,055
437 299| |||||||||F3,425,496|83238,491|| |One|employee|earned|between F70,000 and f80,000 per annum|between F70,000 and f80,000 per annum|between F70,000 and f80,000 per annum||| |---|---|---|---|---|---|---|---| |One|employee|earned|between f90,000 and f100,000 per annum||||| |The|average
number||of employees,|analysed|by function, was:|2022|2021| ||Teaching
Estate|||||53
4|52
4| ||Management
Catering|and|Administration|of Charity||8
4|6
4| |||||||69|66| ## |OPERATING|SURPLU|S|||| |---|---|---|---|---|---| |The operating|surplus|is|stated afier charging:||| |||||2022|2021| ||||||8| |Depreciation|ofTangible||Fixed Assets and loss on disposal offixed assets|244,429|211,798| |Coach Hire||||257,929|209,961| |Auditors'
—Remuneration
—Accountancy||||6,200
~7600|6,100
9,824| ## ## |TANGIBLE FIXEDASS|ETS|||||| |---|---|---|---|---|---|---| ||||Fixtures|IT||| ||||Fittings
&|Equipment||| ||Freehold|Freehold|Other|8|Sofiware|| ||Land|Buildincuss|~Ei
1|||Totals| ||8|||||8| |COST(VALUATION||||||| |At 1 September 2021|1,925,000|5,149,774|468,734||482,733|8,026,241| |Additions
Disposals|1,925,000|301,368
~56,8QI!
5,394,334|21,709
~1,170
489,273||56,503
539,236|379,580
~57878
8,347,843| |DEPRECIATION||||||| |At 1 September 2021||351,681|299,324||297,319|948,324| |Charge for Year
Eliminated
on disposal||131,684
~32,604
450,761|47,272
~634
345,962||64,937
362,256|243,893
~33,238
1,158,979| |NET BOOK VALUES||||||| |At 31 August 2022|1,925,000|4,943,573|143,311||176,980|7,188,864| |At 31 August 2021|1,925,000|4,798,093|169,410||185,414|7,077,916| |10. DEBTORS|||||| |---|---|---|---|---|---| |||||2022|2021| |||||F|8| |Due within one year:
Fees Receivable
Prepayments
and Accrued|||Income|5,638
39,583|6,501
~28673| |||||F45,221|F35,174| |There were no amounts||falling due after more than one year.|||| |11. CREDITORS|||||| |Amounts
falling due within|||one year|2022f|2021
F| |Bank Loan (see
Fees in Advance|note|12)||240,000
653,687|220,000
661,776| |Social Security and Pension Costs||||116,301|108,754| |||||1,009,988|990,530| |Other Creditors|and Accruals|||320,629|820,028| |||||81~330617|81~810558| |Amounts
falling
Bank loan|due after||one year;-|740,000|980,000| |Other creditors||||149,000|146,700| |||||f889,000|F1 126700| |12.
LOANS|||||| |An analysis ofthe maturity||of|loans is given below:|2022|2021| |||||F|| |Amounts
falling due
Bank loan|within|one year or on demand:||240,000|220,000| |Amounts
falling due between
Bank loan -1-2 years|||one and two years:|240,000|240,000| |Amounts
falling due between
Bank loan
—2-5years|||two and five years:|500,000|720,000| |Amounts
falling due|in more than five years:||||| |Repayable
by instalments|||||| |Bank loan more than 5 years
instalments|||by||20,000| ||||||20,000| ## |2022|2021| |---|---| |E|| |9110000|1,200,000| |980,000|1,200 000| ## |STATEMENT OF FUNDS||||Outgoing|||| |---|---|---|---|---|---|---|---| ||~79|Balance at
t
0
2021
f|Incoming
Resources|Resources|7|I|Balance at
~316
t2022| |General Funds|||||||| |Unrestricted
Fund
Revaluation
Reserve||3,321,086
1,289,309|5,270,143|(4,857,388)|179,497||3,913,338
1,289,309| |Designated
Funds
Bursaries and Scholarships
Miscellaneous||98,000
3,011|(168,503)|(675)|220,503||150,000
2,336| |Capital Equipment
Replacement
Fund
Development
Fund||100,000
3,000,000|||~400,|000|100,000
2,600 000| |Total Unrestricted
Funds||7,811,406|5,101,640|(4,858,063)|||8,054,983| |Restricted
Funds
Miscellaneous||4,584|||||4,584| |Total Restricted Funds||4,584|||||4,584| |Total Funds||27815,990|95,101640|2~4, II58,063||-|88059,567| ## ## ## |At 31 August 2022 the total of the Charity's
future|committed
payments
are:|| |---|---|---| ||2022|2021| |I ess than one year
One to five years
More than five years|31,062
6,750|4,131
248| ## ## ## ## ## ##