2023-08-31-accounts

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

			Nt	Unrestricted Funds 0 I ~0i td	Unrestricted Funds 0 I ~0i td	Unrestricted Funds 0 I ~0i td	Unrestricted Funds 0 I ~0i td	Restricted 6 d	Restricted 6 d	Ttl	Total
				2023		2023		2023		2023	2022
				6		6		5		5
INCOME
Income from charitable		activities
Fee income				5,339,588		(175,105)				5,164,483	4,726,801
Other income			3	403,767						403,767	371,325
Income from generated		funds
Investment income				33,134						33,134	3,514
Total income				5,776,489	~175,105)					5,601 384	5.101,1140
EXPENDITURE
Cost ofgenerating	funds
Fundraising and publicity			4	48,802						48,802	36,812
Charitable activities
Direct charitable expenditure			5	4,629,478						4,629,478	4,289,080
Support and governance		costs	6	533,847						533,847	532,171
Total expenditure				5,212,127						5,212127	4,858,063
Net income before	transfers
Between funds				564,362	~175,105)					3119257	243,577
Transfers between	funds			(175,105)		175,105
Net income before	other	recognised
gains and losses				389,257						389,257	243,577
Loss on revaluation	offixed assets
for Charity's own use
Net movement in funds				389,257						389,257	243,577
Total funds brought	forward
at 1 September 2022				5,202,647	2,852,336				4,584	8,059,567	7,815,990
Total funds carried	forward
at 31August 2023				65 591 904	52	852336		24584		68448824	78059567

						Notes		2023	2022
									E
Fixed assets
Tangible Assets								7,148,159	7 188864
Current assets
Stocks								19,119	20,634
Debtors						10		35,884	5,638
Prepayments						10		99,144	39,583
Cash at Bank and	ln Hand							3 047 199	3,024,465
								3,201,346	3,090,320
Creditors:
Amounts falling due		within		one year				~1,074,358)	(1,009,988)
Net current assets:								2 126988	2,080332
Total assets less	current			liabilities				9,275,147	9,269,196
Creditors: Amounts		falling		due after more	than one year	11		(645,300)	(889,000)
Accruals and deferred			income					~)81,023)	~320,629)
								f8,448,824	68,059,567
Unrestricted funds						15
Designated Funds								2,852,336	2,852,336
General Funds								4,302,595	3,913,338
Revaluation Reserve								I 21)9,309	1,289309
								8,444,240	8,054,983
Restricted funds						15		4,584	4,584
Total charity funds						15		55 448 824	55059 567
The financial statements			were approved		by the Council of Governors		on	/ f / I/o)-~	and signed on its behalf
by
Q)b					Mr R Overend	- Governor
					Mr G Seddon	-Governor

		2023		2022
Cash flows from operating activities		435,618		~24.595
Cash flows from Investing activities
Interest income		33,134		3,514
Purchase of tangible fixed assets		(206,018)		~363542)
Net cash from investing activities		(172,884)		~360,028)
Cash flows from finance activities
New loan in year
Repayment of bank loans		~240.000)		$220 000)
Net cash from financing activities		~240,000)		~220,000)
Increase(Decrease) in cash and cash
equivalents in the year		22,734		(604,923)
Cash and cash equivalents at
the beginning ofthe year		3,024,465		3,629,388
Total cash and cash equivalents at the end ofthe year		f3,047,199		f3,024,465
1.RECONCILIATION OF NET MOVEMENT		IN FUNDS TO NET CASH FLOW	FROM OPERATING
ACTIVITIES
			2023	2022f
Net movement in funds			389,257	243,577
Add back depreciation charges			245,216	243,893
Add loss on disposal oftangible fixed assets			1,507	536
Deduct interest income shown
in investing activities			(33,134)	(3,514)
(Increase)/Decrease in stock			1,515	(9,864)
Decrease/(Increase) in debtors			(89,807)	(10,047)
(Decrease)/Increase in creditors			~78,936)	~489,476)
Cash generated from operating	activities		f435,618	~624,895

3.	ANALYSIS OF CHANGES	ANALYSIS OF CHANGES	ANALYSIS OF CHANGES	IN NET DEBT
					At 1.9.22 f	Cash flow f	At 31.08.23
	Net cash
	Cash at bank and	in hand			3,024,465	22,734	3,047,199
					3,024.455	22.734	3047.199
	Debt
	Debts falling due Debts falling due	within after	1 year 1 year		(240,000) ~740.000)	240,QQO	(240,000) ~500,000)
					~950,000)	240,000	~740,000)
	Total				2,044,465	262,734	2,307,199

					2023 f	2022f
	Transport	Fees			199,740	188,487
	Miscellaneous			Income	204,027	181,643
	Coronavirus		Job Retention Scheme Grant			1,195
					f403,767	f371,325
4.	FUNDRAISING			AND PUBLICITY
					2023	2022
						f.
	Marketing	Costs			48,802	36,812
					f48,802	f36,812

IRECTCHARITABLEEXPENDI	TURE
	Staff	~Di 11 ~LD i~	&	Other	Total	Total
	Costsf	of Fixed Assets		Costs f	2023	2022f
Teaching Salaries and Costs	2,898,029	107,991		321,847	3,327,867	3,176,037
Estate Salaries and Costs	151,436	137,203		349,812	638,451	541,736
Transport Costs				291,349	291,349	257,929
Catering Salaries and Costs	117,892	1,529		146,658	266,079	222,177
Utilities Costs				105,732	105,732	91,201
	f3,167,357	9246,723		91,216398	74629478	64,289,080

SUPPORT AND GOVE	RNANCE COSTS
		2023 f	2022 E
Support Costs:
Salaries and Office Costs		484,504	475,123
Finance		17,829	33,635
Governance Costs:
Legal and Professional	Fees	10,927	9,613
Audit and Accountancy	Fees	18,270	13,800
Payroll Fees		2,317
		f533,847	5532,171
		2023 f	2022 6
Total Staff Costs Comprised:
Wages and Salaries		2,847,015	2,723,202
Social Security Costs		290,501	289,173
Pension Costs		424,392	413,121
		r 3561 908	53,425,496

average num	ber	ofemployees,	analysed by function, was:
				2023	2022
Teaching				54	53
Estate				4	4
Management	and	Administration	ofCharity	7	8
Catering				4	4
				69	69

10. DEBTORS	10. DEBTORS
				2023	2022f
	Due within one year:
	Fees Receivable			35,884	5,638
	Prepayments and Accrued		Income	99,144	39,583
				6135,028	f45,221
	There were no amounts	falling due after more than one year.
11. CREDITORS
	Amounts falling due within		one year
				2023	2022
				E	E
	Bank Loan (see note	12)		240,000	240,000
	Fees in Advance			716,665	653,687
	Social Security and Pension Costs			117,693	116,301
				1,074,358	1,009,988
	Other Creditors and Accruals			181,023	320,629
				f1,255,380	E1,330,617
	Amounts falling due after		one year:-
	Bankloan			500,000	740,000
	Other creditors			145,300	149,000
				F645 300	6889,000
12.	LOANS
An	analysis ofthe maturity	of	loans is given below:
				2023 6	2022 f
Amounts falling due within		one year or on demand:
Bank loan				240,000	240,000
Amounts falling due between			one and two years:
Bank loan - 1-2years				240,000	240,000
Amounts falling due between			two and five years:
Bank loan - 2-5 years				260,000	500,000

	STATEMENT OF	FUNDS					Outgoing
				Balance at		Incoming	Resources			Balance at
			~16	t	0 2022	Resources		7	7	~375 t2023
					6
	General Funds
	Unrestricted Fund			3,913,338		5,776,489	(5,212,127)	(175,105)		4,302,595
	Revaluation Reserve			1,289,309						1,289,309
	Designated Funds
	Bursaries and Scholarships				150,000	(175,105)		175,105		150,000
	Miscellaneous				2,336					2,336
	Capital Equipment
	Replacement Fund				100,000					100,000
	Development Fund			2,600,000						2,600,000
	Total Unrestricted	Funds		8,054,983		5,601,384	(5,212,127)			8,444,240
	Restricted Funds
	Miscellaneous				4,584					4,584
	Total Restricted Funds				4,584					4,584
	Total Funds			75059,567		55,601,354	2~5,272,727			68,448,824

At 31	August 2023 the total ofthe Charity's future	committed payments are:
		2023	2022
Less	than one year	11,435
One	to five years	12,784	31,062
More	than five years		6,750