2023-08-31-accounts

Report ofthe Governors	Report ofthe Governors			3-7
Report ofthe independent auditor				8-11
Principal accounting	policies			12-14
Statement offinancial	activities (including	income and expenditure	account)	15
Balance sheet				16
Cash flow statement				17
Notes to the financial	statements			18-25

				Unrestricted	Funds
			Note	2023	2022
				E	E
Incoming resources
Incoming resources from charitable	activities		1	2,987,111	2,793,973
Incoming resources from generated	funds:
Voluntary income				1,503	815
Investment income				6,398	527
Other incoming resources				63,962	12,239
Total incoming resources				3,058,974	2,807,554
Resources expended
Costs ofgenerating funds				148,251	123,404
Charitable activities				3,072,771	2,830,373
Other resources expended			4	37,082	44,021
Total resources expended			5	3,258,104	2,997,798
Net (Expenditure)				(199,130)	(190,244)
Actuarial Gain on Defined Benefit	Pension	Schemes		10	11,644
Movements in funds				(199,120)	(178,600)
Total funds brought forward at 1 September		2022		2,333,295	2,511,895
Total funds carried forward at 31	August	2023		2,134,175	2,333,295

Company number 1091930	Company number 1091930	Company number 1091930	Company number 1091930	Note	2023	2023	2022	2022
					E	E.	E	E
Fixed assets
Tangible assets						3,190,103		3,237,583
Current assets
Stocks				9	3,470		2,768
Debtors				10	154,873		94,691
Cash at bank	and in	hand			294,572		299,425
					452,915		396,884
Liabilities
Creditors: amounts		falling	due
within one year				11 8 13	(608,545)		(451,088)
Net current	(liabilities) I		assets			(155,630)		(54,204)
Total assets	less current		liabilities			3,034,473		3,183,379
Creditors: amounts		falling	due after
more than one year				128 13		(898,365)		(845,705)
Provision for	Pension			18		(1,933)		(4,379)
Net assets						2,134,175		2,333,295
Total charity	funds:
Unrestricted	income	funds				2,134,175		2,333,295

					Note	2023	2023	2022	2022
						E	E	E	f
Net cash inflow /(outflow)		from
operating activities					19		198,047		(84,134)
Returns on investments	and		servicing
of finance
Interest received						6,398		527
Interest paid						(39,658)		(44,021)
							(33,260)		(43,494)
Cash used in investing	activities
Payments to acquire tangible		fixed		assets			(59,305)		(15,417)
Proceeds from sale ofproperty,			plant or
equipment
Cash used in financing	activities
Bank loan repayments							(110,335)		(106,583)
(Decrease) in cash in year					20		(4,853)		(249,628)
Cash at the beginning	ofthe		reporting
period							299,425		549,053
Cash at the end ofthe	reporting			period			294,572		299,425

				2023	2022
				E	f
School fees and		associated	income:
Fees receivable				3,540,589	3,257,807
Less: Bursaries,		scholarships	and other discounts	(738,309)	(637,347)
Net fees receivable				2,802,280	2,620,460
	corn
Disbursements				129,953	129,151
Extra tuition				50,328	42,212
Entrance fees				4,550	2,150
				2,987,111	2,793,973
Volunta ry in		e
				2023	2022
				E	E
Donations				1,503	815
Investment income
				2023	2022
				E	E
Bank deposit	interest			6,398	527
Other resources		expended
				2023	2022
				E	E
Interest payable		on bank loan	see also note 12	39,528	43,880
Actuarial gains on Pension Trust scheme				(2,576)
Other interest	costs			130	141
				37,082	44,021

							2023
			Staff costs		Other	Depreciation	Total
				E	E	E	f
Costs ofgenerating funds
Advertising and publicity			74,607		73,644		148,251
Charitable activities
School operating costs:
Teaching and support costs			1,864,144		144,233		2,008,377
Catering and support	costs		210,144		97,621		307,765
Premises			81,632		260,509	78,226	420,367
Support and administration			168,912		127,621	28,556	325,089
Governance costs					11,173		11,173
			2,324,832		641,157	106,782	3,072,771
Other resources expended
Interest payable on bank		loan			39,528		39,528
Other gains and losses					(2,576)		(2,576)
Other interest costs					130		130
					37,082		37,082
			2,399,439		751,883	106,782	3,258,104
Total resources expended		include:
							2023	2022
							E	E
Auditors' remuneration	for audit services			excluding	VAT		8,900	7,700
Increase in Stock							688	716
Operating lease rentals							3,600	3,600
Professionallndemnity	insurance		premium				652	582

							2022
				Staff costs	Other	Depreciation	Total
				E	E	E
Costs ofgenerating			funds
Advertising	and publicity			66,805	56,599		123,404
Charitable	activities
School operating costs:
Teaching	and	support costs		1,792,600	71,498		1,864,098
Catering	and	support costs		182,211	138,405		320,616
Premises				75,923	206,620	79,638	362,181
Support	and	administration		163,558	85,530	20,583	269,671
Governance		costs			13,807		3,807
				2,214,292	515,860	100,221	2,830,373
Other resources expended
Interest payable on			bank loan		43,880		43,880
Other interest		costs			141		141
					44,021		44,021
				2,281,097	616,480	100,221	2,997,798

Staff costs during the year were as follows:
	2023	2022
	E	E
Wages and salaries	2,033,131	1,819,815
Socia I security costs	160,920	154,476
Other pension costs (note 17)	205,388	293,773
Other staff costs		13,033
	2,399,439	2,281,097

				Freehold	Freehold			Fixtures,
				land and			Motor	fittings and	Computer
				bui	Idings		vehicles	equipment	equipment	Total
						E	E		E	E
Cost
At 1 September		2022		4,642,370			80,921	482,720	290,123	5,496,134
Additions					38,445			6,816	14,043	59,304
Disposals
At 31 August 2023				4,680,81		5	80,921	489,536	304,166	5,555,438
Depreciation
At 1 September		2022		1,478,876			75,934	445,889	257,854	2,258,553
Provided	in the year				78,226		1,872	4,169	22,515	106,782
Disposals
At 31 August 2023				1,557,102			77,806	450,058	280,369	2,365,335
Net book	amount
At 31 August 2023				3,123,713			3,115	39,478	23,797	3,190, 103
Net book	amount
At 31 August 2022				3,163,494			4,987	36,831	32,271	3,237,583
Stocks
									2023	2022
									E	E
Catering	provisions		and heating fuel						3,470	2,768
Debtors
									2023	2022
									E	E
Trade debtors									44,373	52,222
Other debtors									33,645	11,762
Prepayments		and accrued		income					76,855	30,707
									154,873	94,691

		2023	2022
		f	E
Bank loans		116,253	110,815
Trade creditors		53,734	11,899
Social security and other taxes		35,991	38,216
Other creditors		47,846	1,070
Accruals and deferred	income	283,328	289,088
		537,152	451,088
Creditors: amounts	falling due after more than one year
		2023	2022
		E	E
Between one and two years		134,894	116,253
Between two and five	years	420,000	414,894
After five years		175,039	314,558
		729,933	845,705

	2023	2022
	E	E
Within one year	71,393
Between one and two years	88,671
Between two and five years	79,761
	239,825

		2023	2023		2022		2021
					E
Present value ofprovision			1,933		4,379		19,007
Reconciliation of	opening	and closing provisions
						2023	2022
						E	E
Provision at start	ofperiod					4,379	19,007
Unwinding ofthe	discount	factor	(interest	expense)		130	141
Deficit contribution paid						(2,566)	(3,125)
Remeasurements	—impact	ofany	change	in assumptions		(10)	(128)
Remeasurements	—amendments		to the contribution		schedule		(11,516)
Provision at end	of period					1,933	4,379
Income and expenditure		impact
Interest expense						130	141
Remeasurements	—impact	ofany	change	in assumptions		(10)	(128)
Remeasurements	—amendments		to the contribution		schedule		(11,516)
Assumptions
		2023			2022		2021
		% per annum			% per	annum	% per annum
Rate ofdiscount		5.96			4.35		0.81

Reconciliation ofnet	incoming resources	to net cash inflow fro	m operating activities
			2023	2022
			E	E
Net (Outgoing) resources			(199,120)	(178,600)
Net interest paid			33,260	43,494
Depreciation			106,782	100,221
(Increase) in stock			(698)	(713)
(Increase) / Decrease	in debtors		(60,182)	30,631
Increase /(Decrease)	in creditors		320,451	(64,539)
(Decrease) in provision	for pension		(2,446)	(14,628)
Net cash inflow / (outflow) from operating		activities	198,047	(84,134)

				At		At
			1	Sep 2022	Cash flow	31 Aug 2023
				f	E	E
Cash	at bank and	in hand		299,425	(4,853)	294,572
Bank	loan			(956,520)	110,336	(846,184)
				(657,095)	105,483	(551,612)