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|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|
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|||||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|||||||
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|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|
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|||||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|
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||||||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|
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|||||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|
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|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|
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||||||||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||
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|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|
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|||||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|
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|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||||
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|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|
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|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|
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|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|
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|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||
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|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)|
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