2022-08-31-accounts

				Unrestricted	Unrestricted	Designated	Restricted	2022	2021
				Funds		Funds	Funds	Total	Total
			Notes
INCOME FROM:
Charitable activities:
'
School fees			2	6,569,600				6,569,600	6,076,268
Other income			3	355,636	i			355,636	265,381
Other trading activities:
Letting income				15,113				15,113
Investment income				1,256				1,256	7,607
Voluntary sources:
Donations and fund raising				22,295				22,295	28,983
Government grants									84,217
TOTAL INCOME				6,963,900				6,963,900	6,462,456
EXPENDITURE ON:
Charitable activities:
Education				6,324,014				6,324,014	5,855,969
TOTAL EXPENDITURE			5	6,324,014				6,324,014	5,855,969
NET MOVEMENT	IN	FUNDS
FOR THE
YEAR				639,886				639,886	606,487
Balances brought forward				10,563,293		89,248	51,205	10,703,746	10,097,259
Balances carried forward				11,203,179		89,248	51,205	'11,343,632	10,703,746

				2022		2021
		Notes	'
FIXEDASSETS
Tangible assets					10,899,801		;9,354, 175
CURRENT ASSETS
Stock				10,131		12,544
Debtors				105,921		117,656
Cash at bank and in hand				3,860,640		3,448,275
				3,976,692		3,578,475
CREDITORS: amounts	falling due
Within one year		9		(1,826,364)		(1,478,964)
NET CURRENT ASSETS					2,150,328		'2;099,5 1 1
TOTAL' ASSETSLESSCURRENT
LIABILITI ES					13,050,126		11,453,686
CREDITORS: amounts	falling due
After more than one year		10			(1,706,494)		(749,940)
NET ASSETS					11,343,632		10,703,746
FUNDS AND CAPITAL		' 12/13
Restricted funds					51,205		51,205
Unrestricted funds					11,292,427		10,652,541
TOTAL FUNDS					11,343,632		10,703,746

						2022		2021
					Notes
	Cash flows from operating			activities			964,612		1,040,274
	Cash flows from~investing			activities:
	Investment income receipts					1,256		7,607
	Payments for tangible	fixed		assets		(1,910,886)		(152,134)
	Net cash generated/(used)		in investing				929,252		(23,116)
	activities
	Cash flows from financing			activities:
	Finance cost paid					(36,615)		(30,723)
	Net cash front loan receipts					1,393,998
	Net cash used in financing			activities			412,365		(152,134)
	Change in cash and cash equivalents				in
	the reporting period						412,365		865,024
	Cash and cash equivalents			at the
	beginning ofthe period					3,448,275			2,583,251
	Cash and cash equivalents			at the end of
	the r'e porting period					3,860,640			.3,448,275
	NOTES TO THE CASH FLOW STATEMENT,
						2022		2021
						K'000	K'000	f'000	f,'000
(i)	Reconciliation ofnet	cashflow from operations
	Net incoming resources				/				606,487
	Elimination ofnon-operating			cash flows:			639,886
	- Investment income					(1,256)		(7,607)
	- Financing costs					36,615		30,723
	Depreciation charge					365,264		. 362,802
	Decrease in stock					3,587		1,175
	Decrease in debtors					11,735		38,455
	(Decrease)/increase					(91,219)		8,239
									433,787
	Net cash inflow from	operations					964,612		1,040,274
(ii)	Reconciliation ofnet	debt
							At		At
						1	September	Cash	31 August
							2021	Flows	2022
							K'000	f.'000	K'000
	Cash at bank						3,448,275	412,365	3,860,640
	Loans						(896,227)	(1,071,058)	(1,967,285)
							2,552,048	(658,693)	1,893,355

2.	SCHOOL	SCHOOL	FEES	2022	.	i	2021
	Fees receivable			7,013,450		6,491,069
	Bursaries	and allowances		(443,850)			(414,801)
				6,569,600		6,076,268
3.	OTHER	INCOME		2022			2021
	Extras~			262,256			181,811
	Learning	Support Income		27,808			' 23,739
	Minibus			29,924			21,002
	Registration		fees	6,965			7,239
	Other			28,683			31,590
				355,636			265,381

										Total	Total
							Staff costs	Other costs	Depreciation	2022	2021
a)	Total Expenditure					'
	Charitable	expenditure			.
	Teaching	costs					3,368,201	591,210	154,970	4,114,037	3,911,414
	Welfare						611,047	308,222		919,270'	781,840
	Premises						275,447	634,214.	210,293	1,119,956	1,011,773
	Support costs		and	governance			58,804	74,988		133,792	120,219
	Finance costs							36,615		36,615	30,723
							4,313,500	1,645,250	365,263	6,324,014	5,855,969
b)	Governance included				in	support costs
	Remuneration		paid	to	auditor for		audit services			15,500	11,400
.Sa.	COMPARATIVE			ANALYSIS OF EXPENDITURE							I
										Total	Total
							Staff costs	Other costs	Depreciation	2021	2020
a)	Total Exp	enditure
	Charitable	expenditure
	Teaching	costs					3,301,671	454,961	154,782	3,911,414	3,908,028
	Welfare						541,563	240,277		781,840	653,111
	Premises						268,804	534,947	208,021	1,011,773	862,334
	Support costs		and	governance			56,007	64,212		120,219	141,450
	Finance costs							30,723		30,723	35,106
							4,168,045	1,325,120	362,804	5,855,969	5,600,029

6.	STAFF COSTS					2022	2021
	Wages and salaries					3,575,925	3,446,105
	Social security. costs					' 345,353	325,709
	Other pension costs					392,222	396,231
						4,313,500	4,168,045
	Aggregate employee	benefits ofkey management			personnel	538,477	696,820
	The average number	ofemployees	during	the year	were 124(2021:117)

The average number offull time equivalent employ	ees (excluding peripatetic staff) during the yea	r was:
	Number	Number
Teaching staff	80	51
Other employees	44	44
	124	95

he number ofemployees	wh	ose emol	uments exceeded f60,000	excluding pension contributions	was:
				2022	2021
				No	No
f60,000 - f70,000
f70,001 - f80,000
f90,001 - X100,000
The number with retirements		benefits	accruing
in Defined Contribution	schemes was				4
ofwhich the contributions	amounted		to	f36,862	K52,040

TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS				Under	Fixtures,	Fixtures,
			Land		and	Course of	Fittings and
			Buildings			Construction	Equipment		Computers		Total
Cost or valuation
At 1 September 2021			10,447,446			127,282	1,124,372			369,553	12,068,653
Additions			1,326,896			488,566		53,139		42,286	1,910,887
At 31 August 2022			11,774,342			615,848	1, 1	77,5 1 1		411,839	13,979,540
Depreciation
At 1 September 2021			.1,982,546				493,748			238,182	2,714,476
Charge for the year				210,294				69,659,		85,3]0	365,263
At 31 August 2022			2,	192,840			563,407			323,492	3,079,739
Net Book Value
At 31 August 2022			9,581,502,			615,848	614,104			88,346	10,899,801
At 31 August 2021			8,464,900			127,282	630,624			131,368 .	9,354,175
reehold land, valued at f50,000, is			included		in the	cost ofland and	buildings.	The freehold		land is not	depreciated.
DEBTORS										2022 '	2021
Amounts falling due within		one	year
Fee debtors										47,024	35,713
Other debtors										58,897	81,943
										'105,921	117,656
CREDITORS										2022	2021
Amounts falling due within		one	year
Bank loans and overdrafts	(see note 11)									260,791	146,287
Trade creditors										216,461	163,917
.Other taxation &social security										190,560	'135,243
Fees received in advance										746,683	696,873
Other creditors and accruals										102,133	50,394
Deposits held										314,160	286,250
									1,826,364		1,478,964

COMPA	RATIVE	MOVEMENT IN	FUNDS
			Balance	at					Balance at
			1 September Incoming			Outgoing			31August
			2020	Resources		Resources	Transfers		2021
Unrestricted
- General fund			9,948,675 6,462,456			(5,847,838)			10,563,293
' -Public	benefit and	community fund	89,248						89,248
Restricted
- Restricted fund			59,336			(8,131)			51,205
TOTAL	FUNDS		10,097,259 6,462,456			(5,855,969)			10,703,746
ANALYSIS OF NET ASSETS BETWEEN FUNDS
			|			Total		Total
				Unrestricted	Restricted		2022		2021
Tangible	assets			10,890,686		9,115	10,899,801.		9,354,175
Current	assets			3,934,601		42,090	3,976,691		3,578„475
Current	liabilities			(1,830,788)			(1,830,788)	'	(1,478,964)
Long term liabilities				(1,706,494)			(1,706,494)		(749,940)
				1],288,005		51,205 '	11,339,210		10,703,746
e Restricted Fund is		to be used for the	future development ofthe school
COMPARATIVE		ANALYSIS OF NET ASSETS BETWEEN FUNDS
							Total		Total
				Unrestricted	Restricted		2021		2020
Tangible	assets			9,345,060		9, 115	9,345,175		9,564,842
Current	assets			3,536,385		42,090	3,578,475		2,753,080
Current	liabilities			(1,478,964)			(1,478,964)		(1,394,454)
Long term liabilities				(749,940)			(749,940)		(826,209)
				10,652,541		51,205	10,703,746		10,097,259

t 31 Aug llows:-	ust 202	2	, the School had future minimum lease payments	under non-cancellable operating l	eases as
				Plant and	machinery
				2022	2021
Expiring	within	one year		19,103	20,201
Expiring	between		two and five years inclusive	24',684	18,915
				43,787	39,116

15. COMPARATIV	E S	TATEME	NT OF F	INANCIAL A	CTIVITIES '- C	OMPARATIV	E	FIGURE
				Unrestricted	Designated	Restricted		2021
				Funds	Funds	Funds		Total
			Notes
INCOME FROM:
Charitable activities:
School fees			2	6,076,268				6,076,268
Other income			3	265,381				265,381
Other trading activities:
Letting income
Investment income				7,607				7,607
Voluntary sources:
Donations and fund	raising			28,983'				28,983
Other income:
Government grants				84,217.				84,217
TOTAL INCOME				6,462,456				6,462,456
EXPENDITURE ON:
Charitable activities:
Education				5,847,838		8,131		5,855,969
TOTAL EXPENDITURE			5,	5,847,838		8,131		5,855,969
NET				614,618		(8,131)		606,487
INCOME/(EXPENDITURE)
Transfer between funds
							'
NET MOVEMENT	IN	FUNDS		614,618		(8,131)		606,487
FOR THE
YEAR
Balances brought forward				9,948,675	89,248	59,336		10,097,259
Balances carried forward				10,563,293	89,248	51,205		10,703,746