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2023-09-30-accounts

CONTENTS Page
Directors and company information
Governors'
report		 3-6
Independent
examiners'		 report
Statement offinancial activities
Balance sheet
Notes to the financial statements 10-16

Notes Unrestricted Restricted Total Total
Year Year
funds funds 2023 2022
R R R
INCOME FRONI
Charitable
Activities
Rental Income 172,075 0 172,075 152,288
Grants and Donations 2,200 0 2,200 100
Transfer 0 70,242 70,242 0
Investments 1,955 0 1,955 55
Total income 176230 70,242 246,472 152,443
EXPENDITURE ON
Charitable
Activities
Premises (17,923) (17,923) 9,016
Insurance 19,617 19,617 16,845
Loan Interest 54,704 54,704 48,277
Loan Arrangement Fee 4,500 4,500 4,500
Bank Charges 478 478 1,876
Audit &Professional Fees 2,853 2,853 25,200
Independent
Examiner Fees		 1,386 1,386 1260
Administration
Costs		 12,000 12,000 3,000
General Expenses 115 115 648
Depreciaton 32,220 32,220 7,086
Totalexpenditure 109,950 0 109,950 117,910
Other Recognised Gains
Profit on sale offixed asset 385,041 0 385,041
Net movement
in funds		 451,321 70,242 521,563 34,533
Balances brought forward at 1 September 2022 4,762,481 11,819 4,774,300 4,739,767
Balances carried forward at30September 2023 5,213,802 82,061 5,295,863 4,774,300

Note 2023 2022
Fixed assets
Tangible assets 6,192,872 6,240,483
Current assets
Debtors: falling due within
one year 5,900 5,000
Debtors: falling due after 9
one year 9,000 13,500
Cash at bank and in hand 672,147 310,326
687,047 328,826
Creditors: amounts falling 10 (161,437) (327,160)
due within one year
Net current (liabilities)I 525,610 1,666
assets
Total assets less current
liabililites 6,718,482 6,242,149
Creditors: amounts falling
due after one year
Bank loan 10 (1,422,619) (1,467,849)
Net assets 5,295,863 4,774,300
Tntal funds
Restricted 82,061 11,819
Unrestricted 5,213,802 4,762,481
1112 5,295,863 4,774,300

4 Cost of raising funds
2023 2022
Interest payable 54,704 48,277
5 Total expenditure 2023 2022
Total expenditure
includes:
Auditors' remuneration for audit services 25,200
Auditors' remuneration for other services 1,200

No Director received any remuneration during the year (2022: nil). During the year F nil was reimbursed to Directors for
expenses (2022: nil).
7 Analysis ofPremises costs 2023
Utilities 665
Repairs 1,429
Business Rates refund 20,017
(17,923)
8 Tangible fixed assets 2023
Freehold
land &
buildings
Cost orvaluation
1 October 2022 6,539,424
Additions 56,608
Disposal (72,000)
30September 2023 6,524,032
Depreciation
1 October 2022 298,940
Charge for the period 32,220
30September 2023 331,160
Net book value
30September 2023 6,192,872
30September 2022 6,240,483

9 Debtors
2023 2022
Due within one year:
Trade debtors 0 0
Prepayments
and accrued income		 1,400 500
Loan Arrangement
fee		 4,500 4,500
5,900 5,000
Falling due after one year:
Loan Arrangement
fee		 9,000 13,500
10 Creditors falling due within one year
2023 2022
Amounts
falling due within one year:
Amount
owing to Alpha Schools		 82,045 178,724
Bank loan 46,321 44,997
Other creditors and accruals 33,071 103,439
161,437 327,160
Creditors
falling due over one year
2023 2022
Bank loans 1,422,619 1,467,849
Bank loans are analysed as follows: 2023
F		 2022f
Over five years 1,248,979 1,289,953
Within two to five years 126,006 131,576
Within one to two years 47,634 46,320
Within one year 46,321 44,997
1,468,940 1,512,846

Funds
At Income Expenditure At
1 October 30September
2022 2023
Restricted
Bursary Appeal Fund 11,819 70,242 0 82,061
11,819 70,242 0 82,061
Unrestricted Funds
General 4,762,481 561,271 (109,950) 5,213,802
4,762,481 561,271 (109,950) 5,213,802
Total unrestricted funds
4,774,300 631,513 (109,950) 5,295,863
Total funds
Previous designations regarding bursaries and improvements to the buildings have been superceded
following		 the
transfer to Alpha Schools. Therefore
all unrestricted		 reserves ofthe charity are held at the Trustees'
discretion.
The Bursary Appeal Fund account is for funds receied from past parents as donations so the Charity can offer
financial assistance with the award ofa bursary.
At Income Expenditure At
1 October 30September
2021 2022
E
Restricted
Bursary Appeal Fund 11,819 0 11,819
11,819 0 11,819
Unrestricted Funds
General 4,727,948 152,443 (117,910) 4,762,481
4,727,948 152,443 (117,910) 4,762,481
Total unrestricted funds
Total funds 4,739,767 152,443 (117,910) 4,774,300
Analysis of net assets between funds
Unrestricted Restricted Total Total
2023 2023 2023 2022
E
Tangible fixed assets 6,192,872 6,192,872 6,240,483
Current (liabilities)/assets 443,549 82,061 525,610 1,666
Long term liabilities (1,422,619) (1,422,619) (1,467,849)
5,213,802 82,061 5,295,863 4,774,300
Analysis of net assets between funds (2022)
Unrestricted Restricted Total
2022 2022 2022
F
Tangible fixed assets 6,240,483 6,240,483
Current (liabilities)/assets (10,153) 11,819 1,666
Long term liabilities 1,467,849) 1,467,849
4,762,481 11,819 4,774,300

16 Comparative
information		 Comparative
information		 Comparative
information
Unrestricted Restricted Total
funds funds 2022
E
INCOME FROM
Donations
and legacies
Grants and donations receivable
Charitable
Activities
Fees receivable 152,288 152,288
Government
grants		 - coronavirus job 100 100
retention
Investments 55 55
Other
Total income 152,443 152,443
EXPENDITURE ON
Raising funds Charitable
Activities
Premises 9,016 9,016
Insurance 16,845 16,845
Loan Interest 48,277 48,277
Loan arrangement fee 4,500 4,500
Bank charges 1,876 1,876
Audit 8 professional fees 26,460 26,460
Administration
costs		 3,000 3,000
General expenses 848 848
Depreciation 7,088 7,088
Total expenditure 117,910 117,910
Net income 34,533 34,533
Funds brought
forward		 at 1 October
2021 4,727,948 11,819 4,739,767
Funds carried forward at 30
September 2022 4,762,481 11,819 4,774,300