##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||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|