##
##
##
##
##
##
|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|
##
##
##
##
##
##