2023-08-31-accounts

Reference and Administrative	Reference and Administrative	Details
Strategic Report			2to 3
Trustees' Report			4to7
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report		9to 11
Statement ofFinancial	Activities		12to 13
Balance Sheet			14
Statement ofCash Flows			15
Notes to the Financial	Statements		16to29

				Reference and	Reference and	Administrative	Administrative	Administrative	Administrative	Details
Secretary				Julic Thomas
Senior Management		/	Leadership	School Leadership			Team
Team
Charity Registration			Number	286434
Company	Registration		Number	1693887
				The charity is		incorporated			in England and Wales.
Registered	Office			Hood Manor
				Dartington
				Devon
				TQ96AB
Auditor				Mann ingtons
				Statutory auditor
				39High Street
				Battle
				East Sussex
				TN33 OEE
Solicitors:				Michelmores		LLP
				Education Team Exeter
				Woodwater	House
				Pynes Hill
				Exeter
				EX25WR
Bankers				National Westminster				Bank	pic
				9Fore Street
				Totnes
				Devon
				TQ95YW

a stable finan	cial position ready for c	ontinued growth.
		2022-23	2021-22
		f	f
Accounts (deficit) / Surplus		55,834	(63,073)
Depreciation		48,197	52,766
Bad Debt provisiomng		1,519	18,982
Operational	(deficit)/ Surplus	105,550	8,675

				Unrestricted	Restricted	Total
				funds	funds	2023
			Note			f
Income and Endowments		from;
Donations and legacies				3,417		3,417
Charitable activities				1,490,724		1,490,724
Activities for generating	funds			7,414		7,414
Investment income				125		125
Total income				1,501 680		1,501,680
ExpentL4ture on:
Raising funds Charitable activities			7 8	(415) ~1,445,431		(415) ~1.445,4517
Total expenditure				(1,445,846)		(1,445,846)
Net income				55,834		55,834
Net movement in funds				55,834		55,834
Reconciliation offunds
Total funds brought forward				1.051 257	5 104	1,056,361
Total funds carried forward			22	1,1.07,091	5,104	1,112,195

					Unrestricted	Restricted	Total
					funds	funds	2022
				Note
Income and Endowments			from:
Donations and legacies					2,725		2,725
Charitable activities					1,177,642		!177642
Activities for generating		funds			502		502
Investment income					3		3
Total income					I 180872		1 180872
Expenditure on:
Raising funds Charitable activities				7 8	(350) ~1.243,595		(350) ~1243.595)
Total expenditure Net expenditure					(1,243,945) ~63,073		(1,243,945) ~63.073
Net movement in funds					(63,073)		(63,073)
Reconciliation offunds
Total funds brought	forward				I 114,330	5 104	1,119,434
Total funds carried	forward			22	1,051,257	5,104	1,056,361

				Note	2023 f	2022f
Fixed assets
Tangible assets				15	1,580,377	1,620,695
Current assets
Debtors				16	246,551	338,357
Cash at bank	and in hand			17	81,128	29,927
					327,679	368,284
Creditors: Amounts		falling due «ithin one	year	18	(406,509)	(509,275)
Yetcurrent	liabilities				(78,830)	(140,991)
Total assets	less current liabilities				1,501,547	1,4.9,704
Creditors: Amounts		falling due after more	.han one year	19	~389,352)	(423,343)
Net assets					1112195	1,056,361
Funds ofthe	charity:
Resn!cted income funds
Restricted funds				22	5,104	5,104
Unrestricted	income	funds
Unrestricted	funds				1,107,091	1,051,257
Total funds					I 112,195	1,056.361

Statement ofCash	Flotvs for the	Year Ended 3	1August 2023
		Note	2023	2022f
Cash flows from operating activities
Net cash income/(expenditure)			55,834	(63,073)
Adjusttnents to cash flows from non-cash	items
Depreciation			48,197	52,766
Investment income			(125)	(3)
			103,906	(10,310)
Working capital adjustments
Decrease in debtors		16	91,806	141,476
Decrease in creditors Decrease in deferred income		18 19	(22,968) ~79,529	(12,439) ~77,445
Net cash tlows from operating activities			93215	41,282
Cash flows froin investing activities
Interest receivable and similar inccme		6	125	3
Purchase oftangible fixed assets		15	(8,036)	(12,626)
Sale oftangible fixed assets			157
Net cash flows from investing activities			(7,754)	(12,623)
Cash flows from financing activities Repayment ofloans and borrowings		18	~34,260	~34,079
Net increase/(decrease) in cash and cash equivalents			51,201	(5,420)
Cash and cash equivalents at I September			29,927	35,347
Cash and cash equivalents at 31 August			81,128	29,927

							Unrestricted
							funds	Total	Total
							General f	2023f	2022
Donations		and	legacies;
	Appeals	and	Donations				3,417	3,417	2,725
							3417	3,417	2,725
4	income frotn			cbaritable		activities
							Unrestricted
							funds	Total	Total
							General	2023	2022
							f	f
	Education						1,444,734	1,444,734	1,107,5S4
	Letting ofnon-investment					propert	19,500	19,51j0	IS,571
	Other						26,490	26,490	51,487
							1,490,724	1,490,724	1,177,642
5	Activities for			generating		funds
							Unrestricted
							funds	Total	Total
							Gen.ral	I'unds	2022f
Events income;
	Fundraising		e.ents				7.414	7.414	502
							'7,414	7,414	502
6	Investment		income
							Unrestricted
							funds	Total	Total
							Generai f	2023f	2022f
Interest receivable				and similar income;
	Interest	receivable			on bank	deposits	123	125

a)	Costs of	tradi	ng activi	ties
							Unrestricted
							funds	Total	Total
						Note	General f	2023f	2022
Fundraising		trading costs;
	Fundraising						415	415	350
							415	4l5	350
8	Expenditure		on charitable		activities
							Unrestricted
							funds	Total	Total
							General	2023	2022
						Note			f,
Education							287,732	287,732	253,356
Depreciation,		amortisation		and	other similar
costs							47,854	47,854	52,765
Staffcosts							998,821	998,821	822,394
Governance		costs					111,024	111,024	115,080
							1,445,431	1,445,431	1,243,595

				Unrestricted	Unrestricted
				funds		Total	Total
				General		2023	2022
Staffcosts
Other staff costs				4,	139	4,139	3,273
Audit fees
Audit ofthe iinancial statements				9,744		9,744	8,640
Accountancy				3,180		3,180	3,090
Legal fees				39,226		39,226	48,628
Marketing and publicity					538	538	i,569
Other governance	costs			54,	197	54,197	49,880
				111,024		111,024	115,080
10 Net incoming/outgoing		resources
Net incoming/(outgoing)		resources for the year include:
						2023f	2022
Audit fees						9,744	8,640
Loss on disposal offixed		assets held for the charity's	own use			(343)
Depreciation offixed assets						48,197	52,765

12 Staff costs The aggregate payroll costs were as follows:
	2023	2022
Staff costs during the year were:
Wages and salaries	914,207	764,743
Social security costs	66,308	43,723
Pension costs	18,306	13,928
Other staff costs	4 139	3,273
	1,002,960	825,667

2023	2022
No	No
		46

13 Auditors' remu	neration
		2023	2022
			g
Audit ofthe financial statements		9,744	8,640
Other 1'ees to auditors
All other non-audit	services	3,180	3,090
14 Taxation

15 Tangible fixed assets
	Land and	Furniture and
	buildings	equipment f	Total
Cost
At 1 September 2022	2,253,828	234,771	2,488,599
Additions Disposals		8,036 ~(529	8,036 ~(529
At 31 August 2023	2,253,828	242,278	2,496,106
Depreciation
At 1 September 2022	649,184	218,720	867,904
Charge for the year Eliminated on disposals	45,077	3,120 ~372	48,197 ~(372
At 31 Augu t 2023	694,261	221,468	915,729
Net book value
At 31 August 2023	1,559,567	20,810	1,580,377
At 31 August 2022	1,604,644	16,051	1,620,695
16 Debtors
		2023	2022
Trade debtors		200,541	279,254
Prep ayments		5,020	8,274
Accrued income		40,990	38,829
Other debtors			12,000
		246 551	338,357
17 Cash and ct9sh equivalents
		2023	2022
Cash on hand		981	701
Cash at bank		79,231	28,540
Short-term deposits		916	686
		81 128	29,927

1$ Creditors: amounts falling due within one year
	2023	2022
Bank loans	25,837	26,443
Trade creditors	161,678	134,373
Other loans	8,612	8.275
Other taxation and social security		47,401
Other creditors	3,356	2,287
Accruals	14,758	18,699
Deferred income	192,268	271,797
	406 509	509,275

Credit	ors due within one year includes the followi	ng liabilities, on which security has been given by t	he charity.
		2023	2022
Bank	loan	25,837	20,881
Other	Loan	8,612	8,275
		34449	29 156

19 Creditors: amounts falling due after	one yea	r
			2023	2022f
Bank loans			322,330	346,670
Other loans			67,022	76,673
			359,352	. 423,343
Included in the creditors are the following	amounts	due after more than five years:
			2023	2022
After more than five years by instalments			222,136	281,804

Operating lease cominitments Total future minimum lease payments unde. oonwancel I	ble operating leases are as follows:
	2023	2022
Other
Within one year	2,924		2,924
Between one and five years	8,772 11,696,		i 1,696 14,620

22 Funds
			Balance at 1
			September	Incoming	Resources	Balance	at31
			2022	resources f	expended	August f	2023
Unrestricted		funds
General
General	fund		1,051,257	1,501,680	(1,445,846)	1,107,091
Restricted	funds
Arts and	crafts		5,104				5,104
Total funds			1,056,361	1,501,680	~1445,846	1,112,195
			Balance at 1
			September	Incoming	Resources	Balance	at31
			2021f	resources	expended f	August f	2022
Unrestricted		funds
General
General	fund		1,114,330	1,180,872	(1,243,945)	1,051,257
Restricted
Arts aud	crafts		5,104				5,104
Total funds			1.119.434	1.180.872	~(1343.945	1,056,361

23 Analysis oi'	n	et assets between funds
			Unrestricted		Total funds at
			funds	Restricted	31August
			General	funds	2023
Tangible fixed	assets		1,580,377		1,580,377
Current assets			322,575	5,104	327,679
Current liabilities			(406,509)		(406,509)
Creditors over	I	year	(389,352)		(389,352)
Total net assets			1,107,091	5,104	1,112,195
			Unrestricted		Total funds at
			funds	Restricted	3l August
			General	funds	2022
			f
Tangible fixed	assets		1,620,695		1,620,695
Current assets			363,180	5,104	368,284
Current 11ablli'ties			(509375)		(509,275)
Creditors over	I	year	~4"-3~343		(423,343)
Total net assets			1,051,257	5,104	1,056,361
24 Analysis ofnet I'unds
			Ai 1
			September	Financing cash	At 31August
			2022f	flows	2023
Cash at bank and		in hand	29,927	51/01	81,128
Debt due within		one year	(34,718)	(269)	(34,987)
Debt due aiter more than one year			~423.343	33,991	(389,352)
Net debt			~(428.134	84,923	(343,211)
			At 1
			September	Financing cash	At 31August
			2021	flows	2022
				K
Cash at bank and in hand Debt due within one year Debt due after more than one year			35,347 !33,417) ~488,723	(5,420) (1,301) 35,380	29,927 (34,718) ~423,3433
Net debt			(456,793	28,659	428,134)