2022-08-31-accounts

Reference and Administrative	Reference and Administrative	Details
Strategic Report			2 to4
Trustees' Report			5 to 7
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report		9to ll
Statement ofFinancial	Activities		12to 13
Balance Sheet			14
Statement ofCash Flows			15
Notes to the Financial	Statements		16to 29

	2022	2021
Accounts (deficit) / Surplus	(63,073)	71,374
Depreciation	52,766	52,844
BadDebt provisioning	i8,982	(149,722)
Operational (deficit)/ Surplus	8,675	(25,504)

				and Los	ses)
					Unrestricted	Restricted	Total
					funds	funds	2022
				Note
Income and Endowments			from:
Donations and legacies					2,725		2,725
Charitable activities					1,177,642		1,177,642
Activities for geiierating		funds			502		502
Investment income							3
Total income					1,180,872		1,180,872
Expenditure on:
Raising funds				7	(350)		(350)
Charitable activities				8	(1,243,595)		(1,243,595)
Total expenditure					(1.243,945)		(1,243,945)
Net expendituu:					(63,073)		(63,073)
Net movement in funds					(63,073)		(63,073)
Reconciliation ot'funds
Total funds brought	forward				1,114,330	5,104	1,119,434
Total funds rarried	forward				1,051,257	5,104	1,056,361

						Unrestricted	Restricted	Total
						funds	funds	2021
					Note	g	g	g
income and Kndosvments			from:
Donations and legacies						4,431	48,480	52,911
Charitable activities						957,929		957,929
Activities for generating		funds				129		129
lnves'tment income						2		2
Total income						962„491	48,480	1,010,971
Expenditure on:
Charitable activities						(1,066,839)	(52,376)	(1,119,215)
Historcial bad debt	provision			unwinding		149,722		149,722
Total expenditure						(917.117)	(52,376)	(969,493)
Net income/(expenditure)						45,374	(3,896)	41,478
Tran, frrs between	funds					26,000	(26,000)
Net movement in funds						71,374	(29,896)	41,478
Reconciliation offunds
Total .ur.ds brought	fonvard					1,042,956	35,000	1,077,956
Tctal ilmds carried	forward					1,114,330	5,104	1,119434

			2822	2821
		Note		K
Fixed assets
Tangible assets		16	1,620,695	1,660,834
Current assets
Debtors		17	338,357	479,833
Cash at bank and in hand			29,927	35,347
			368,284	515,180
Creditors: Amounts Net current liabilities	falling due within one year	19	(509,275) ~[249.992	(597,857) ~62.677
Total assets less current liabilities			1,479,704	1,578,157
Creditors: Amounts	falling due after more t!ian one year	20	(423,343)	(458,723)
Net assets			1,056,361	1,119,434
Funds oftbe charity:
Restricted income funds
Restricted funds		23	5,104	5,104
llnresti-!cled iincome	funds
Uni estricted hmds			1,051,257	1,11.4,330
Total funds		23	1,056,361	1,119,434

Statement	ofCash F	lows for the	Year Ended 3I	August 2022
				2022	2021
			Note
Cash tlows from operating activities
Net cash (expenditure)/income				(63,073)	41,478
Adjustments to cash flows from non-cash		items
Depreciation				52,766	52,844
Investment income				(3)	(2)
Loss on disposai oftangible fixed assets					4,689
				(10,310)	99,009
Working capital adjustments
Decrease/(increase) in debtors			17	141,476	(434,403)
Decrease in creditors			19	(12,439)	(4,972)
(Decreaie)/increase in deferred income			20	(77,445)	309,293
Net cash flows from operating	activities			41,282	(31,073)
Cash fiows from investing activities
Interest receivable and similar	income			3
Pumhase oftangible fixed assets				(12,626)
Net ca 1.flows from investing	activities			(12,623)
Cash tlows f9om financing activities
Vahte oi'new loans obtained	during the period				60,000
Repayment ofloans and borrowings			19	(34,079)	(38,780)
Net cash flows from financing	activities			(34,079)	21,220
Net decrease in cash and cash	equivalents			(5,420)	(9,851)
Cash and cash equivalents at	1 September			35,347	45,198
Cash and cash equivalents at	31 August			29,927	35,347

						Unrestricted
						funds	Total	Total
						General	2022	2021
Donations		and	legacies;
	Appeals	and	Donations			2,725	2,725	4,431
Grants, ircluding				capital grants;
	Govenunent		grants					48„480
						2,725	2,725	52,911
4	Income from			charitable	activities
						Unrestricted
						funds	Total	Total
						General	2022	2021
								8
	Education					1,107.584	1,107,584	924,021
	Lctttng ofnou-investment				property	18,571	18,571	14,170
	Other					51,487	51,487	19,738
						1,177,642	1,177,642	95'1,929
5	Activities for generating				funds
						Unrestricted
						funds	Total	Total
						General	funds	2021
Events income;
	Fundraising		events			502	502	129
						502	502	I?9
6	Investment		income
						Ilures tricted
						I'undt	Total	Totai
						General	2022	2021

Interest receivable and similar income;
Interest receivable on bank deposits

a) Costs of		tradi	ng activ	ities
									Unrestricted
										funds		Total
									Generai			?022
								Note		f		f,
Funciraisiug	trading costs;
Fundraising											350	350
											350	350
8 Expenditure			on charitable		activities
							Uurestrirted
							tnnds			Total		Total
							General			2022		2021f
Education							253,356			253,356		244,317
Depreciation,		amortisation		and	other
similar costs								52,765		52,765		57,534
Staffcosts							822,394			822,394		702,868
Governance		costs				10	115„080 115,080 l,243,%$1,243.595					114,496 1,1197215
9 Historical bad debt provision unwinding
										Total		Total
										2022f		2021
Current year		bad	debt reduction									(149,?'22)
												(149,'772)
During 2021 financial year, the bad debt provision							methodology	was	reviewed	as the old methodology was
deeir ed no longer appropriate.					The review resulted		m a large historical		debt unwind in		2021.The methodology
has continued		in 2022 to		assess	each category	ofdebt for recoverability			and provides for		a relevant percentage.

Governance costs
					linrestricted
					funds	Total	Total
					General	2022	2021
						g
Staff costs
Other staff costs					3,273	3,273	4,532
Audit fees
Audit ofthe financial		statements			8,640	8,640	10,800
Accountancy					3,090	3,090	3,000
Legal fees					48,628	48,628	59,003
Marketing and publicity					1,569	1,569	529
Other governance	costs				49,880	49,880	36,632
					115,080	115,080	114,496
11Net incoming/outgoing			resources
Net (oiitgning)/incoming			resources for the year include:
						2022	2021
Audit fees						8,640	10,800
Loss on disposal offixed			assets held for thc charity's	own	use		4,690
Depreciation offixed assets						52,765	52,844

The aggregate payr	oll costs were as follows:
		2022	2021
Staff costs during	the year were:
Wages and salmies		764,743	644,257
Social security costs		43,723	46,432
Pension costs		13,928	12,179
Other staff costs		3.273	4.532
		888,667	7076400

the year ex	pressed as hdl time equivalents wa" as f	ollows:
		2022		2021
		No		1&lo
Charitable	activities		46		40

14 Auditors' remuneration	14 Auditors' remuneration
		2022	2021
			g
Audit ofthe financial	statements	8,640	10,8OO
Other fees to auditors
All other non-audit services		3,090	3,000
15 Taxation

16 Tangible fixed assets
	Land and	Furmture and
	buildings	equipment	Total 8
Cost
At 1 September 2021 Additions	2,253,828	222,145 12,626	2,475,973 12,626
At 31August 2022	2353,828	234,771	2,488,599
Depreciation
At 1 September 2021 Charge for the year	604,107 45,077	211,031 7,689	815,138 52,766
At 31August 2022	649,184	218,720	867,904
101stbook value At 31August 2022	,604,64	16.051,670, .5
At 31August 2021	1,649,721	11,114	1,660835
17 Debtors
		2022	2021
'I'radc debtors		279,254	468,225
Prepaymcuts		8,274	11,477
Accrued income		38,829
Other dehtots		12,000	131
		330.357	479.033
18 Cash and cash equivalents
		2022	2021
			g
Ca.";uon hand		701	59
Cash athank		28,540	34,914
Short-term deposits		686	374
		29,927	35,347

19 Creditors:	amounts falling due ivithin one year
		2022	2021
8 snit loans		26,443	25„466
Trade creditors		134,373	115,874
Other IoMts		8,275	7,951
Other taxation	and social security	47,401	83,263
Other creditors		2,287	2,261
Accrusls		18,699	13,300
Deferred income		271,797	349,242
		509,275	597,857

Creditors due within one	year includes the	following	'.iabiliries, on wliich security has been give	n by the charity:
			2022	2021
Bank loan			20,881	19,910
Other Loan			8 275	7,951
			29,156	27,861
20 Creditors: amounts	falling due after	one year
			2022	207.1
				f
Bsilk 1calls			346,670	373;777
Other loans			76,673	84,946
			423,343	458,723
Included in the creditors	are the following	amounts	due atter more than five years:
			2022	2021
Ager more than five years by instalments			~2lll. Ntl4'	~314.896

Total tuture minimum lease payments under non-cancell	abie operating leases are as follows:
	2022	2021
	g	8
Otiier
Within one year Between one and five years	2,924 11,696	3,184 5 572
	14,620

23 Funds
		Balance	nt	1
		September 2021				Incoming resources		Resources expended		Balance at 31 August 2022
						f
Unrestricted
General
General fund		1,114,330				1,180,872		(1,243,945)			1,051,257
Restricted
Arts and craas			5,104								5,I04
Total funds		l,l!94			4	l,	80872	31.24394!l			!.08636!
		Balance at 1									Balance at
		S'eptembcr 2020		.;ncoming resources			Resources expended f	Transfers f			3'I August. 202IIf
Unrestricted	funds
General
General fund		' 042956				962,491	(917,117)			26,000	I,).14,330
Restricted
Bursary fund Arts and crafts		149000 9,000					(3,896)		(14,000)		5,104
Covid Grants						48,480	(48,480)
Upper school development		12,000							(12,000)
Total restricted funds		35,000				48,480	(52,376)		(26,000)		5,104
Total funds		1,077,956			1,010,971		(969,493)				1,119,434

			Unrestricted		Tora l funds at
			funds	Restricted	31August
			General	funds	2022
				8
Tangible		fixed assets	1,620,695		1,62ih695
Current	assets		363,180	5,104	368,284
Current	liabilities		(509,275)		(509,275)
Creditors		over I year	(423,343)		(423,343)
Total net		assets	1,051,257	5,104	1,056,361
			Unrestricted		Total funds at
			funds	Restricted	31August
			General	funds	2821
			8
Tangible		fixed assets	1,660,834		1,660,834
Current	assets		510,076	5,104	515,180
Current	liabilities		(597,857)		(597,857)
Creditors		over I year	(458,723)		ti45II 723)
Total net assets			1,114,330	5,104	1,119,434

25 Analysis ofnet funds
	At 1
	September 2021	Financing cash flows	At 31August 2022
Cash at bank and in hand Debt due within one year Debt due afler more than one year Net debt	35,347 (33,417) (458,723) ~456.7931	'(5,420) (1,301) 35,380 28.659	29,927 (34,718) (423,343) (428,134)
	At 1
	September 2020	Financing cash flows	At 31August 2021
Cash atbank and in hand Debt due within one year Debt due aRer more than one year	45,198 (46,084) (424,836)	(9,851) 12,667 (33,887)	35,347 (33,417) (458„723)
Net debt	(425,72 )	(31.971)	(456.793)