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|Report ofthe Governors|Report ofthe Governors|||3-7|
|---|---|---|---|---|
|Report ofthe independent<br>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|





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|||||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<br>income||||1,503|815|
|Investment<br>income||||6,398|527|
|Other incoming resources||||63,962|12,239|
|Total incoming<br>resources||||3,058,974|2,807,554|
|Resources expended||||||
|Costs ofgenerating<br>funds||||148,251|123,404|
|Charitable<br>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<br>Gain on Defined Benefit|Pension|Schemes||10|11,644|
|Movements<br>in funds||||(199,120)|(178,600)|
|Total funds brought<br>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|





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|Company<br>number 1091930|Company<br>number 1091930|Company<br>number 1091930|Company<br>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<br>activities|||||19||198,047||(84,134)|
|Returns<br>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|





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|||||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<br>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<br>gains on Pension Trust scheme||||(2,576)||
|Other interest|costs|||130|141|
|||||37,082|44,021|





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||||||||2023||
|---|---|---|---|---|---|---|---|---|
||||Staff costs||Other|Depreciation|Total||
|||||E|E|E|f||
|Costs ofgenerating<br>funds|||||||||
|Advertising<br>and publicity|||74,607||73,644||148,251||
|Charitable<br>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<br>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'<br>remuneration|for audit services|||excluding|VAT||8,900|7,700|
|Increase<br>in Stock|||||||688|716|
|Operating<br>lease rentals|||||||3,600|3,600|
|Professionallndemnity|insurance||premium||||652|582|





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||||||||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|





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|||||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|



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||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||



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|||2023|2023||2022||2021|
|---|---|---|---|---|---|---|---|
||||||E|||
|Present value ofprovision|||1,933||4,379||19,007|
|Reconciliation<br>of|opening|and closing provisions||||||
|||||||2023|2022|
|||||||E|E|
|Provision at start|ofperiod|||||4,379|19,007|
|Unwinding<br>ofthe|discount|factor|(interest|expense)||130|141|
|Deficit contribution<br>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<br>ofnet|incoming resources|to net cash inflow fro|m operating activities||
|---|---|---|---|---|
||||2023|2022|
||||E|E|
|Net (Outgoing)<br>resources|||(199,120)|(178,600)|
|Net interest<br>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)|