Bury Manor School Trust Limited (A company limited by guarantee)
Independent auditor's report to the Members of Bury Manor School Trust Limited
Opinion
We have audited the financial statements of Bury Manor School Trust Limited (the 'parent charitable company') and its subsidiaries (the 'group') for the Year ended 31 August 2023 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31 August 2023 and of the Group's incoming resources and application of resources, including its income and expenditure for the Year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.
Page 9
Bury Manor School Trust Limited (A company limited by guarantee)
Independent auditor's report to the Members of Bury Manor School Trust Limited (continued)
Other information
The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Directors are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the Directors' report including the Strategic report for the financial Year for which the financial statements are prepared is consistent with the financial statements.
-
the Directors' report and the Strategic report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report including the Strategic report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
-
the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or
-
the parent charitable company financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of Directors' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit; or
-
the Directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' report.
Responsibilities of Directors
As explained more fully in the Directors' responsibilities statement, the Directors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Directors are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
Page 10
Bury Manor School Trust Limited (A company limited by guarantee)
Independent auditor's report to the Members of Bury Manor School Trust Limited (continued)
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Capability of the audit in detecting irregularities, including fraud
Based on our understanding of the charity and in charity and in the sector as a whole, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to child protection and safeguarding, health and safety, anti-bribery and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP (FRS 102) Second Edition (released October 2019), the Companies Act 2006 and other relevant charity legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated Trustees’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the engagement team included:
-
Discussions with management and assessment of known or suspected instances of non-compliance with laws and regulations (including health and safety) and fraud, and review of the reports made by management; and
-
Assessment of identified fraud risk factors; and
-
Challenging assumptions and judgements made by management in its significant accounting estimates; and
-
Checking and reperforming the reconciliation of key control accounts; and
-
Performing analytical procedures to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and
-
Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and
-
Reading minutes of meetings of those charged with governance, reviewing internal audit reports and reviewing correspondence with relevant tax and regulatory authorities; and
-
Review of significant and unusual transactions using data analytics and evaluation of the underlying financial rationale supporting the transactions; and
-
Identifying and testing journal entries, in particular any manual entries made at the year end for financial statement preparation; and
-
Physical inspection of tangible assets susceptible to fraud or irregularity; and
-
Existence testing of trade debtor balances by agreeing post year-end receipts and
-
Challenging assumptions and judgements made by management in its significant accounting estimates; and
Page 11
Bury Manor School Trust Limited
(A company limited by guarantee)
Independent auditor's report to the Members of Bury Manor School Trust Limited (continued)
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the charitable company's internal control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Directors.
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Conclude on the appropriateness of the Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in my Auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of my Auditor's report. However, future events or conditions may cause the charitable company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
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Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the Group audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Page 12
Bury Manor School Trust Limited
(A company limited by guarantee)
Independent auditor's report to the Members of Bury Manor School Trust Limited (continued)
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
Lucy Hammond BSc FCA (Senior statutory auditor)
for and on behalf of Kreston Reeves LLP
Chartered Accountants
Chichester
19 March 2024
Page 13
| Note | Unrestricted funds 2023 £ |
Restricted funds 2023 E |
Total funds 2023 £ |
Total funds 2022 £ |
|
|---|---|---|---|---|---|
| Incomefrom: | |||||
| Donationsandlegacies | 4 | 19,030 | 13,386 | 32,416 | 5,242 |
| Charitableactivities | 5 | 2,215,428 | - | 2,215,428 | 2,034,371 |
| Othertradingactivities | 6 | 142,192 | - | 142,192 | 161,788 |
| Otherincome | 7 | 29,777 | - | 29,777 | 39,789 |
| Totalincome | 2,406,427 | 13,386 | 2,419,813 | 2,241,190 | |
| Expenditureon: | |||||
| Raisingfunds | 67,771 | - | 67,771 | 66,364 | |
| Charitableactivities | 8 | 2,291,250 | 14,750 | 2,306,000 | 2,101,062 |
| Totalexpenditure | 2,359,021 | 14,750 | 2,373,771 | 2,167,426 | |
| Netincome/(expenditure) | 47,406 | (1,364) | 46,042 | 73,764 | |
| Transfersbetweenfunds | 19 | 7,373 | (7,373) | - | - |
| Netmovementinfunds | 54,779 | (8,737) | 46,042 | 73,764 | |
| Reconciliationoffunds: | |||||
| Totalfundsbroughtforward | 2,754,788 | 9,672 | 2,764,460 | 2,690,696 | |
| Netmovementinfunds | 54,779 | (8,737) | 46,042 | 73,764 | |
| Totalfundscarriedforward | 2,809,567 | 935 | 2,810,502 | 2,764,460 |
| Consolidatedbalancesheet Asat31August2023 |
|||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Note | |||||
| Fixedassets | |||||
| Tangibleassets | 13 | 3,025,684 | 2,989,395 | ||
| Currentassets | |||||
| Stocks | 15 | 1,500 | 1,500 | ||
| Debtors | 16 | 713,896 | 636,495 | ||
| Cashatbankandinhand | 345,513 | 362,106 | |||
| 1,060,909 | 1,000,101 | ||||
| Creditors:amountsfallingduewithinone year |
17 | (984,474) | (910,987) | ||
| Netcurrentassets | 76,435 | 89,114 | |||
| Totalassetslesscurrentliabilities | 3,102,119 | 3,078,509 | |||
| Creditors:amountsfallingdueaftermore thanoneyear |
18 | (291,617) | (314,049) | ||
| Totalnetassets | 2,810,502 | 2,764,460 | |||
| Charityfunds | |||||
| Restrictedfunds | 19 | 935 | 9,672 | ||
| Unrestrictedfunds | 19 | 2,809,567 | 2,754,788 | ||
| Totalfunds | 2,810,502 | 2,764,460 |
| Companybalancesheet Asat31August2023 |
|||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Note | £ | £ | |||
| Fixedassets | |||||
| Tangibleassets | 13 | 3,025,684 | 2,989,395 | ||
| Investments | 14 | 100 | 100 | ||
| 3,025,784 | 2,989,495 | ||||
| Currentassets | |||||
| Stocks | 15 | 1,500 | 1,500 | ||
| Debtors | 16 | 713,896 | 636,495 | ||
| Cashatbankandinhand | 334,944 | 353,791 | |||
| 1,050,340 | 991,786 | ||||
| Creditors:amountsfallingduewithinone year |
17 | (979,343) | (905,441) | ||
| Netcurrentassets | 70,997 | 86,345 | |||
| Totalassetslesscurrentliabilities | 3,096,781 | 3,075,840 | |||
| Creditors:amountsfallingdueaftermore thanoneyear |
18 | (291,617) | (314,049) | ||
| Netassetsexcludingpensionasset | 2,805,164 | 2,761,791 | |||
| Totalnetassets | 2,805,164 | 2,761,791 | |||
| Charityfunds | |||||
| Restrictedfunds | 19 | 935 | 9,672 | ||
| Unrestrictedfunds | 19 | 2,804,229 | 2,752,119 | ||
| Totalfunds | 2,805,164 | 2,761,791 |
| Consolidatedstatementofcashflows Fortheyearended31August2023 |
|||
|---|---|---|---|
| Note | 2023 £ |
2022 £ |
|
| Cashflowsfromoperatingactivities | |||
| Netcashusedinoperatingactivities | 21 | 97,396 | 227,995 |
| Cashflowsfrominvestingactivities | |||
| Dividends,interestsandrentsfrominvestments Purchaseoftangiblefixedassets |
. (91,557) |
(9,011) (64,494) |
|
| Netcashusedininvestingactivities | (91,557) | (73,505) | |
| Cashflowsfromfinancingactivities | |||
| Repaymentsofborrowing | (22,432) | (14,915) | |
| Netcashusedinfinancingactivities | (22,432) | (14,915) | |
| ChangeincashandcashequivalentsintheYear | (16,593) | 139,575 | |
| CashandcashequivalentsatthebeginningoftheYear | 362,106 | 222,531 | |
| CashandcashequivalentsattheendoftheYear | 22 | 345,513 | 362,106 |
| Thenotesonpages19to37formpartofthesefinancialstatements |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Donations | 355 | 13,386 | 13,741 | 4,000 |
| Otherincome | 18,675 | - | 18,675 | 1,242 |
| 19,030 | 13,386 | 32,416 | 5,242 | |
| Total2022 | 3,569 | 1,673 | 5,242 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| £ | £ | £ | ||
| Fees | 2,072,276 | 2,072,276 | 1,888,102 | |
| Extras | 143,152 | 143,152 | 146,269 | |
| Total2023 | 2,215,428 | 2,215,428 | 2,034,371 | |
| Total2022 | 2,034,371 | 2,034,371 | ||
| 6. | Incomefromothertradingactivities | |||
| Incomefromnoncharitabletradingactivities | ||||
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| £ | £ | £ | ||
| Sales | 142,192 | 142,192 | 161,788 | |
| Total2022 | 161,788 | 161,788 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Holidaylettings | 13,047 | 13,047 | 16,561 |
| Otherlettings | 13,390 | 13,390 | 18,279 |
| MiscellaneousIncome | 3,340 | 3,340 | 4,949 |
| 29,777 | 29,777 | 39,789 | |
| Total2022 | 39,789 | 39,789 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total | Total | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Charitableactivities | 2,291,250 | 14,750 | 2,306,000 | 2,101,062 |
| Total2022 | 2,097,366 | 3,696 | 2,101,062 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | Total | |
| directly | costs | funds | funds | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Charitableactivities | 2,283,836 | 22,164 | 2,306,000 | 2,101,062 |
| Total2022 | 2,085,827 | 15,235 | 2,101,062 |
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Staffcosts | 1,518,028 | 1,413,036 |
| Inspectionfees | 1,808 | 1,992 |
| Recruitmentandtraining | 5,996 | 6,464 |
| Foodcosts | 93,069 | 86,704 |
| Laundryandcleaning | 24,072 | 22,531 |
| Fieldandgardenexpenses | 23,682 | 33,986 |
| Ratesandwater | 25,619 | 18,645 |
| Insurance | 29,861 | 26,452 |
| Swimmingpoolmaintenance | 1,909 | 2,196 |
| Lightandheat | 82,394 | 57,765 |
| Repairsandrenewals | 37,431 | 7,133 |
| Curriculumexpenses | 48,189 | 38,542 |
| Repairstoproperty | 35,226 | 28,510 |
| Motorandtravelexpenses | 36,228 | 27,895 |
| Subscriptionsanddonations | 14,173 | 12,242 |
| Costofactivitiesandextras | 100,767 | 96,963 |
| Telephoneandpostage | 6,154 | 6,677 |
| Printing,stationeryandadvertising | 39,922 | 41,391 |
| Bankcharges | 2,723 | 8,337 |
| Miscellaneousexpenses | 10,940 | 9,141 |
| Baddebts | - | 306 |
| Computermaintenancecosts | 53,533 | 66,268 |
| Depreciation | 55,268 | 55,777 |
| Bankinterestpayable | 20,126 | 9,011 |
| Venuehire | 16,718 | 7,863 |
| Total2023 | 2,283,836 | 2,085,827 |
| Total | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Legal | and | professional | 7,570 | 1,255 |
| Audit | and | accountancy | 14,594 | 13,980 |
| 22,164 | 15,235 |
| 11. | Staffcosts | ||||
|---|---|---|---|---|---|
| Group | Group | Company | Company | ||
| 2023 | 2022 | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Wagesandsalaries | 1,281,056 | 1,229,856 | 1,232,767 | 1,176,579 | |
| Socialsecuritycosts | 94,365 | 96,595 | 94,365 | 96,595 | |
| Pensioncosts | 190,896 | 139,862 | 190,896 | 139,862 | |
| 1,566,317 | 1,466,313 | 1,518,028 | 1,413,036 |
| Group | Group | |
|---|---|---|
| 2023 | 2022 | |
| No. | No. | |
| Teachingstaff | 28 | 27 |
| Others | 18 | 19 |
| 46 | 46 |
| Group | Group | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| No. | No. | |||||
| In | the | band£60,001 | - | £70,000 | 2 | 1 |
| In | the | band£80,001 | - | £90,000 | 1 | 1 |
| Freehold | Fixturesand | ||
|---|---|---|---|
| property | fittings | Total | |
| £ | £ | £ | |
| Costorvaluation | |||
| At 1September2022 |
2,915,497 | 884,457 | 3,799,954 |
| Additions | 11,458 | 80,099 | 91,557 |
| At31August2023 | 2,926,955 | 964,556 | 3,891,511 |
| Depreciation | |||
| At1September2022 | 277,535 | 533,024 | 810,559 |
| ChargefortheYear | 10,675 | 44,593 | 55,268 |
| At31August2023 | 288,210 | 577,617 | 865,827 |
| Netbookvalue | |||
| At31August2023 | 2,638,745 | 386,939 | 3,025,684 |
| At31August2022 | 2,637,962 | 351,433 | 2,989,395 |
| Freehold | Fixturesand | ||
|---|---|---|---|
| property | fittings | Total | |
| £ | £ | £ | |
| Costorvaluation | |||
| At 1September2022 |
2,915,497 | 884,457 | 3,799,954 |
| Additions | 11,458 | 80,099 | 91,557 |
| At31August2023 | 2,926,955 | 964,556 | 3,891,511 |
| Depreciation | |||
| At1September2022 | 277,535 | 533,024 | 810,559 |
| ChargefortheYear | 10,675 | 44,593 | 55,268 |
| At31August2023 | 288,210 | 577,617 | 865,827 |
| Netbookvalue | |||
| At31August2023 | 2,638,745 | 386,939 | 3,025,684 |
| At31August2022 | 2,637,962 | 351,433 | 2,989,395 |
| Investments | ||
|---|---|---|
| in | ||
| subsidiary | ||
| companies | ||
| Company | £ | |
| Costorvaluation | ||
| At | 1September2022 | 100 |
| At | 31August2023 | 100 |
| Net | bookvalue | |
| At | 31August2023 | 100 |
| At | 31August2022 | 100 |
| Group | Group | Company | Company | ||
|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Finishedgoodsandgoodsforresale | 1,500 | 1,500 | 1,500 | 1,500 | |
| 16. | Debtors | ||||
| Group | Group | Company | Company | ||
| 2023 | 2022 | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Tradedebtors | 691,657 | 629,916 | 691,657 | 629,916 | |
| Otherdebtors | 38 | id | 38 | 37 | |
| Prepaymentsandaccruedincome | 22,201 | 6,542 | 22,201 | 6,542 | |
| 713,896 | 636,495 | 713,896 | 636,495 | ||
| 47. | Creditors:Amountsfallingduewithinoneyear | ||||
| Group | Group | Company | Company | ||
| 2023 | 2022 | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Bankloans | 22,433 | 22,433 | 22,433 | 22,433 | |
| Tradecreditors | 44,732 | 25,260 | 30,029 | 21,414 | |
| Amountsowedtogroupundertakings | - | - | 11,772 | - | |
| Othertaxationandsocialsecurity | 26,171 | 25,330 | 26,171 | 25,330 | |
| Othercreditors | 86,625 | 84,000 | 86,125 | 84,000 | |
| Accrualsanddeferredincome | 804,513 | 753,964 | 802,813 | 752,264 | |
| 984,474 | 910,987 | 979,343 | 905,441 | ||
| Group | Group | Company | Company | ||
| 2023 | 2022 | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Deferredincomeat 1September2022 |
730,444 | 635,528 | 730,444 | 635,528 | |
| Resourcesdeferredduringtheyear | 718,086 | 730,444 | 718,086 | 730,444 | |
| Amountsreleasedfrompreviousperiods | (730,444) | (635,528) | (730,444) | (635,528) | |
| Deferredincomeat31August2021 | 718,086 | 730,444 | 718,086 | 730,444 |
| Group | Group | Company | Company | |
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Bankloans | 291,617 | 314,049 | 291,617 | 314,049 |
| Balanceat1 | Balanceat | |||||
|---|---|---|---|---|---|---|
| September | Transfers | 31August | ||||
| 2022 | Income | Expenditure | in/out | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Unrestrictedfunds | ||||||
| Unrestrictedaccumulatedfund | 2,042,867 | 2,406,427 | (2,359,021) | 7,373 | 2,097,646 | |
| Revaluationreserve | 711,921 | - | 711,921 | |||
| 2,754,788 | 2,406,427 | (2,359,021) | 7,373 | 2,809,567 | ||
| Restrictedfunds | ||||||
| PAdonations | 7,634 | 13,386 | (13,710) | (7,310) | - | |
| FEASTdonations | 2,038 | - | (1,040) | (63) | 935 | |
| 9,672 | 13,386 | (14,750) | (7,373) | 935 | ||
| Totaloffunds | 2,764,460 | 2,419,813 | (2,373,771) | - | 2,810,502 |
| Balanceat | Balanceat | |||
|---|---|---|---|---|
| 1September | 31August | |||
| 2021 | Income | Expenditure | 2022 | |
| £ | £ | £ | £ | |
| Unrestrictedfunds | ||||
| Unrestrictedaccumulatedfund | 1,967,080 | 2,239,517 | (2,163,730) | 2,042,867 |
| Revaluationreserve | 711,921 | - | - | 711,921 |
| 2,679,001 | 2,239,517 | (2,163,730) | 2,754,788 | |
| Restrictedfunds | ||||
| PAdonations | 8,617 | 1,673 | (2,656) | 7,634 |
| FEASTdonations | 3,078 | - | (1,040) | 2,038 |
| 11,695 | 1,673 | (3,696) | 9,672 | |
| Totaloffunds | 2,690,696 | 2,241,190 | (2,167,426) | 2,764,460 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023 | 2023 | 2023 | |||
| £ | £ | £ | |||
| Tangible | fixed | assets | 3,025,684 | - | 3,025,684 |
| Current | assets | 1,059,974 | 935 | 1,060,909 | |
| Creditors | due | withinoneyear | (984,474) | - | (984,474) |
| Creditors | due | inmorethanoneyear | (291,617) | - | (291,617) |
| 2,809,567 | 935 | 2,810,502 |
| Analysis | ofn | etassetsbetweenfunds-priory | ar | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2022 | 2022 | 2022 | |||
| £ | £ | £ | |||
| Tangible | fixed | assets | 2,989,395 | - | 2,989,395 |
| Current | assets | 990,429 | 9,672 | 1,000,101 | |
| Creditors | due | withinoneyear | (910,987) | - | (910,987) |
| Creditors | due | inmorethanoneyear | (314,049) | - | (314,049) |
| 2,754,788 | 9,672 | 2,764,460 |
| Group | Group | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Netincomefortheyear(asperStatementofFinancialActivities) | 46,042 | 73,764 |
| Adjustmentsfor: | ||
| Depreciationcharges | 55,268 | 55,777 |
| Dividends,interestsandrentsfrominvestments | - | 9,011 |
| Increaseindebtors | (77,401) | (9,660) |
| Increaseincreditors | 73,487 | 99,103 |
| Netcashprovidedbyoperatingactivities | 97,396 | 227,995 |
| Analysisofcashandcashequivalents | ||
| Group | Group | |
| 2023 | 2022 | |
| £ | £ | |
| Cashinhand | 345,513 | 362,106 |
| Totalcashandcashequivalents | 345,513 | 362,106 |
| At1 | ||||||
|---|---|---|---|---|---|---|
| September | At31 | |||||
| 2022 | Cashflows | August2023 | ||||
| £ | £ | £ | ||||
| Cash | at | bankandinhand | 362,106 | (16,593) | 345,513 | |
| Debt | due | within | 1year | (22,433) | ~ | (22,433) |
| Debt | due | after1 | year | (314,049) | 22,432 | (291,617) |
| 25,624 | 5,839 | 31,463 |
| Group | Group | Company | Company | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |||
| £ | £ | £ | £ | |||
| Other: | ||||||
| Notlaterthan | 1year |
34,128 | 36,889 | 34,128 | 36,889 | |
| Laterthan | 1 | yearandnotlaterthan5years | 67,639 | 31,850 | 67,639 | 31,850 |
| 101,767 | 68,739 | 101,767 | 68,739 |
| Group | Group | Company | Company | |
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Operatingleaserentals | 50,725 | 51,944 | 50,725 | 51,944 |