## ## |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)| ## ##