## ||||||Page| |---|---|---|---|---|---| |Reference and administrative||details ofthe Company,|its Governors|and advisers|| |Governors'|report||||| |Independent|auditors'
report|on the financial statements|||13 - 16| |Consolidated|statement offinancial activities||||17| |Consolidated|balance sheet||||18| |Company
balance sheet|||||19| |Consolidated|statement
ofcash flows||||20| |Notes to the|financial statements||||21-42| ## |Governors|Governors||Mr M.A. Burchfield,|Mr M.A. Burchfield,|Chair|Chair|(resigned 31 August 2022)| |---|---|---|---|---|---|---|---| ||||Mrs H.M. Archer|(resigned 31 March 2022)|||| ||||Mr C.R.G. Biggin||||| ||||MrJ.M. Collard||||| ||||Mr D.J.Ferris||||| ||||MrJ.A. Isaacs, (Chair|||from 1 September 2022)|| ||||Mr T.P. Lloyd-Jones||||| ||||Mrs H. Mack||||| ||||Mr T.P. Matthews||||| ||||Mr B.J. Northover||||| ||||Mr T. O' Sullivan||||| ||||Mr T. Tainton
(appointed||||28 February 2022)| ||||Mrs R. Tear (resigned|||31|August 2022)| ||||Dr R.S.Thomson||||| ||||Mrs R.E.Thornton||||| ||||Mr C.N.I.Tuttiett||||| |Company|registered||||||| |number|||01072074||||| |Charity registered|||||||| |number|||310279||||| |Registered||office|The Downs School||||| ||||Charlton
House||||| ||||Wraxall||||| ||||Bristol||||| ||||BS481PF||||| |Company|secretary||Mr.J.Barclay||||| |Headteacher|||Mrs D.J.Isaachsen||||| |Independent||auditors|Bishop Fleming
LLP||||| ||||Chartered
Accountants||||| ||||10Temple Back||||| ||||Bristol||||| ||||BS16FL||||| |Bankers|||Barclays Bank pic||||| ||||4th Floor, Bridgewater|||House|| ||||Counterslip||||| ||||Finzels Reach||||| ||||Bristol||||| ||||BS16BX||||| |Solicitors|||Veale Wasbrough|Vizards|||LLP| ||||Narrow Quay House||||| ||||Narrow Quay||||| ||||Bristol||||| ||||BS14QA||||| ## ## ## ## ## ## ## |Strategy||Committee|Committee|Committee|||||||Mr M.A. Burchfield
(Chair) (resigned 31August 2022)|Mr M.A. Burchfield
(Chair) (resigned 31August 2022)|Mr M.A. Burchfield
(Chair) (resigned 31August 2022)|Mr M.A. Burchfield
(Chair) (resigned 31August 2022)||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||MrJ.Barclay (appointed|01 September 2021)||||||| ||||||||||||MrJ.M. Collard|||||||| ||||||||||||Mr D.J.Ferris|||||||| ||||||||||||Mrs D. Isaachsen|||||||| ||||||||||||MrJ.A. Isaacs|||||||| ||||||||||||Mr B.J.Northover|||||||| ||||||||||||Mr T.Tainton (appointed|28 February 2022)||||||| ||||||||||||Mr C.N.I.Tuttiett|||||||| |Nursery|Committee||||||||||MrJ.M. Collard (Chair)|||||||| ||||||||||||Mrs H.M.Archer (resigned
31 March 2022)|||||||| ||||||||||||MrJ.Barclay (appointed|01 September 2022)||||||| ||||||||||||Mrs D. Isaachsen|||||||| ||||||||||||Mr M.A. Newman|||||||| ||||||||||||Dr R.S.Thomson|||||||| ||||||||||||Mrs R. E.Thornton|||||||| |Remuneration|||Committee||||||||Mrs R.E.Thornton
(Chair)|||||||| ||||||||||||MrJ.Barclay (appointed|01 September 2022)||||||| ||||||||||||Mr M.A. Burchfield
(resigned
31 August 2022)|||||||| ||||||||||||Mrs D. Isaachsen|||||||| |Education||Committee|||||||||Mrs R.Tear (Chair) (resigned 31August 2022)|||||||| ||||||||||||Mrs D. Isaachsen|||||||| ||||||||||||Mr T. O' Sullivan|||||||| |Risk and|Regulatory||||Committee||||||Mr B.J. Northover
(Chair)|||||||| ||||||||||||Mrs H.M. Archer (resigned
31 March 2022)|||||||| ||||||||||||Mr J.Barclay (appointed|01 September 2021)||||||| ||||||||||||Mrs D. Isaachsen|||||||| ||||||||||||Mrs R.Tear (resigned
31|August 2022)||||||| ||||||||||||Dr. R.S.Thomson|||||||| |Governors'||Development|||||Committee||||MrJ.A. Isaacs (Chair)|||||||| ||||||||||||Mr M.A. Burchfield
(resigned 31August 2022)
Mr D.J.Ferris (appointed
01 June 2022)|||||||| ||||||||||||Mrs D. Isaachsen|||||||| ||||||||||||Mr B.J.Northover|||||||| |Health and Safety||||Committee|||||||MrJ.Barclay (Chair) (appointed
01 September|||2021)||||| ||||||||||||MrJ.M. Collard Mrs D. Isaachsen|||||||| ||||||||||||Mrs R.E.Thornton|||||||| ||||||||||||Mr C.N.I.Tuttiett|||||||| |Downs School Association|||||||Committee||||Mrs. C. Williams
(Chair) (resigned 31August||2022)|||||| ||||||||||||Mrs K. Northover
(Secretary) (resigned 31August 2022)|||||||| ||||||||||||Mrs G. Hagger (Treasurer)|||||||| |The day-to-day|||running|||of the||School||is|delegated
to the Headteacher
and the Bursar, as key|||||management||| |personnel,||via the||Scheme of||||Governance.
They are supported||||by other teaching|members|||of the|Senior|| |Leadership||Team||being||the Deputy|||Head Pastoral and Deputy Head Academic.|||||||||| |The remuneration||||ofkey||management||||personnel
is set by the Board, with the policy|||objective of|||ensuring||that| |they are provided||||with||appropriate|||incentives
to encourage
enhanced
performance|||||and are,||in a fair||and| |responsible||manner,|||rewarded|||for|their||individual
contributions
to the Company's||success.||Delivery||of|the| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Restricted|Unrestricted|Total|Total| |---|---|---|---|---|---|---| ||||funds|funds|funds|funds| |||Note|2022|2022|2022f|2021| |Income from:||||||| |Donations
and legacies|||942|8,773|9,715|18,701| |Charitable
activities||||3,909,062|3,909,062|3,369,689| |Other trading
activities||||856,058|856,058|689,469| |Investments||||559|559|451| |Other income||||1,831|1,831|56,607| |Total income|||942|4,776,283|4,777,225|4,134,917| |Expenditure
on:||||||| |Raising funds||||635,539|635,539|529,519| |Charitable
activities|||3,207|3,857,560|3,860,767|3,281,117| |Total expenditure|||3,207|4,493,099|4,496,306|3,810,636| |Net movement
in funds|||(2,265)|283,184|280,919|324,281| |Reconciliation
offunds:||||||| |Total funds brought|forward||2,500|3,819,813|3,822,313|3,498,032| |Net movement
in funds|||(2,265)|283,184|280,919|324,281| |Total funds carried|forward||235|4,102,997|4,103,232|3,822,313| ## |||||2022||2021| |---|---|---|---|---|---|---| |||Note||||| |Fixed assets||||||| |Tangible assets||13||3,863,190||3,823,357| |||||3,863„190||3,823,357| |Current assets||||||| |Stocks||15|30,163||18,693|| |Debtors||16|236,012||198,106|| |Cash at bank and|in hand||1,649,356||1,751,845|| ||||1,915,531||1,968,644|| |Creditors: amounts|falling due within one|||||| |year||17|(1,090,952)||(1,002,030)|| |Net current assets||||824,579||966,614| |Total assets less|current liabilities|||4,687,769||4,789,971| |Creditors: amounts|falling due after more|||||| |than one year||18||(584„537)||(967,658)| |Total net assets||||4,103,232||3,822,313| |Charity funds||||||| |Restricted funds||20||235||2,500| |Unrestricted
funds||20||4,102,997||3,819,813| |Total funds||||4,103,232||3,822,313| ## |||||2022||2021| |---|---|---|---|---|---|---| |||Note||||E| |Fixed assets||||||| |Tangible assets||13||3,834,803||3,792,457| |Investments||14||1||1| |||||3,834,804||3,792,458| |Current assets||||||| |Stocks||15|24,419||17,417|| |Debtors||16|450,594||500,074|| |Cash at bank and|in hand||1,502,657||1,635,051|| ||||1,977,670||2,152,542|| |Creditors: amounts|falling due within one|||||| |year||17|(1,050,151)||(963,451)|| |Net current assets||||927,519||1,189,091| |Total assets less|current liabilities|||4,762,323||4,981,549| |Creditors: amounts|falling due after more|||||| |than one year||18||(584,537)||(967,658)| |Total net assets||||4,177,786||4,013,891| |Charityfunds||||||| |Restricted funds||20||235||2,500| |Unrestricted
funds||20||4,177,551||4,011,391| |Total funds||||4,177,786||4,013,891| ## ## ||||||2022|2021| |---|---|---|---|---|---|---| ||||||F|F| |Cash flows from operating||activities||||| |Net cash used
in operating|activities||||581,991|720,889| |Cash flows from investing||activities||||| |Dividends,
interests
and rents from investments|||||559|451| |Proceeds from the sale oftangible
fixed|||assets|||1,776| |Purchase oftangible fixed assets|||||(272,083)|(171,564)| |Bank interest paid|||||(3,779)|(3,787)| |Net cash used in investing||activities|||(275,303)|(173,124)| |Cash flows from financing||activities||||| |Cash inflows from new borrowing||||||250,000| |Repayments
of borrowing|||||(383,802)|(53,637)| |Repayments
of hire purchase||loans|||(10,013)|(11,311)| |Interest paid on borrowings|||||(15,362)|(11,290)| |Net cash (used in)/provided||by financing||activities|(409,177)|173,762| |Change
in cash and cash|equivalents||in|the year|(102,489)|721,527| |Cash and cash equivalents|at the beginning|||ofthe year|1,751,845|1,030,318| |Cash and cash equivalents||at the end|of|the year|1,649,356|1,751,845| |The notes on pages 21 to42||form part ofthese financial statements||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Restricted|Unrestricted|Total|Total| |---|---|---|---|---|---| |||funds|funds|funds|funds| |||2022|2022|2022|2021| ||||f.||| |General Donations||942||942|10,421| |The Downs School Association|||8,773|8,773|8,280| |||942|8,773|9,715|18,701| |TOTAL 2021||4,809|13,892|18,701|| |INCOME FROM CHARITABLE ACTIVITIES|||||| |||||2022|2021| |||||F|E| |Gross fees receivable||||4,021,129|3,648,968| |Bursaries and scholarships||||(514,182)|(521,899)| |Income from rechargeable|expenditure|||394,815|236,320| |Registration
fees||||7,300|6,300| |||||3,909,062|3,369,689| ## |||Unrestricted|Total|Total| |---|---|---|---|---| |||funds|funds|funds| |||2022f|2022|2021f| |Lettings||23,892|23,892|6,667| |Other income||6,189|6,189|8,884| |Fundraising|income|59,772|59,772|11,924| |||89,853|89,853|27,475| |TOTAL202|1|27,475|27,475|| |||Unrestricted|Total|Total| |---|---|---|---|---| |||funds|funds|funds| |||2022|2022|2021| |||E|E|| |Nursery|income|766,205|766,205|661,994| |TOTAL|2021|661,994|661,994|| ||Unrestricted|Total|Total| |---|---|---|---| ||funds|funds|funds| ||2022|2022|2021| ||E||| |Rental income|466|466|400| |Bank interest|93|93|51| ||559|559|451| |TOTAL2021|451|451|| ## ## |Unrestricted|Total|Total| |---|---|---| |funds|funds|funds| |2022|2022|2021| ||E|E| |1,831|1,831|56,607| |56,607|56,607|| ## ## ||||||Unrestricted|Total|Total| |---|---|---|---|---|---|---|---| ||||||funds|funds|funds| ||||||2022|2022|2021| |||||||E|E| |Fundraising||expenditure|||36,066|36,066|7,602| |TOTAL|2021||||7,602|7,602|| |Expenditure||from non|charitable|trading activities|||| ||||||Unrestricted|Total|Total| ||||||funds|funds|funds| ||||||2022|2022|2021| ||||||F||E| |Nursery|cost|ofsales|||74,362|74,362|59,509| |Nursery|administration||expenses||72,540|72,540|56,477| |Interest|payable||||||100| |Nursery|cost|ofsales staff costs|||356,672|356,672|307,572| |Nursery|administration||staff costs||78,621|78,621|82,170| |Nursery|depreciation||||17,278|17,278|16,089| ||||||599,473|599,473|521,917| |TOTAL|2021||||521,917|521,917|| ## ## ## ||Activities|||| |---|---|---|---|---| ||undertaken|Support|Total|Total| ||directly|costs|funds|funds| ||2022
E|2022|2022f|2021| |Education|2,760,188|1,100,579|3,860,767|3,281,117| |TOTAL 2021|2,416,501|864,616|3,281,117|| ## ||||Total|Total| |---|---|---|---|---| |||Education|funds|funds| |||2022|2022|2021| ||||F|F| |Staff costs||1,990,472|1„990,472|1,873,002| |Depreciation||89,441|&9,441|90,565| |Educational|supplies|253,993|253,993|141,532| |Household|and welfare|14,053|14,053|9,990| |Catering||356,382|356,382|257,905| |Transport||55,847|55,847|43,507| |||2,760,188|2,760,188|2,416,501| ## |||||||||Total|Total| |---|---|---|---|---|---|---|---|---|---| ||||||||Education|funds|funds| ||||||||2022|2022|2021| ||||||||E||| ||Staff costs||||||428,747|428,747|336,868| ||Depreciation||||||114,322|114,322|109,036| ||Educational|supplies|||||39,926|39,926|29,773| ||Other costs||||||77,188|77,188|39,765| ||Premises costs||||||246,087|246,087|184,274| ||Grounds
maintenance||||||44,687|44,687|25,223| ||Management|expenses|||||88,663|88,663|99,258| ||Financing expenses||||||19,141|19,'I41|17,133| ||Legal and professional||||||25,032|25,032|10,427| ||Governance||||||16,786|16,786|12,859| ||||||||1,100,579|1,100,579|864,616| |11.|NET INCOME/EXPENDITURE||||||||| |||||||||2022|2021| |||||||||E|| ||Depreciation|oftangible|fixed assets:||||||| ||-owned
by|the charitable||group||||221,041|215,690| ||Fees payable|to the Company's|||auditor|in respect of:|||| ||Auditors'
remuneration||-audit|||||12,850|12,050| ||Auditors'
remuneration||-other||services|||5,965|410| ||Operating
lease rentals|||||||20,892|27,720| ## ## |||Group|Group|Company|Company| |---|---|---|---|---|---| |||2022|2021|2022|2021| ||||E||F| |Wages and salaries||2,398,808|2,161,479|1,993,428|1,799,761| |Social security costs||203,953|182,822|183,551|163,851| |Employer contribution|to pension schemes|251,751|255,311|242,240|246,258| |||2,854,512|2,599,612|2,419,219|2,209,870| |||Group|Group|Company|Company| |---|---|---|---|---|---| |||2022|2021|2022|2021| |||No.|No.|No.|No.| |Teaching staff||50|50|50|50| |Administrative|staff|56|49|29|27| |||106|99|79|77| |||Group|Group|Company|Company| |---|---|---|---|---|---| |||2022|2021|2022|2021| |||No.|No.|No.|No.| |Teaching staff||35|37|35|37| |Administrative|staff|40|39|22|21| |||75|76|57|58| |Group|Group| |---|---| |2022|2021| |No.|No.| ## ## ## ||||||Other|| |---|---|---|---|---|---|---| ||Freehold|Motor|Fixtures and|Computer|fixed|| ||property
f|vehicles|fittings|equipment
E|assetsf|Totalf| |COST OR||||||| |VALUATION||||||| |At 1 September 2021|5,266,740|11,900|1,057,571|289,443|188,366|6,814,020| |Additions|113,519||82,671|39,604|36,289|272,083| |Disposais||(400)|(14,651)|(2,200)|(70,758)|(88,009)| |At 31 August 2022|5,380,259|11,500|1,125,591|326,847|153,897|6,998,094| |DEPRECIATION||||||| |At 1 September 2021|1,833,441|10,500|778,540|236,594|131,588|2,990,663| |Charge for the year|101,473|700|73,606|33,113|12,149|221,041| |On disposais||(400)|(11,735)|(1,646)|(63,019)|(76,800)| |At 31August 2022|1,934,914|10,800|840,411|268,061|80,718|3,134,904| |NET BOOK VALUE||||||| |At 31 August 2022|3,445,345|700|285,180|58,786|73,179|3,863,190| |At 31August 2021|3,433,299|1,400|279,031|52,849|56,778|3,823,357| ## ## ## ||||Fixtures||Other|| |---|---|---|---|---|---|---| ||Freehold|Motor|and|Computer|fixed|| ||property
f|vehicles
f|fittings
F|equipment
F|assets|Total
E| |COST OR VALUATION||||||| |At 1 September 2021|5,266,740|11,900|970,795|284,931|188,366|6,722,732| |Additions|113,519||67,906|39,604|36,289|257,318| |Disposals||(400)|(14,651)|(2,200)|(70,758)|(88,009)| |At 31 August 2022|5,380,259|11,500|1,024,050|322,335|153,897|6,892,041| |DEPRECIATION||||||| |At 1 September 2021|1,833,441|10,500|721,123|233,623|131,588|2,930,275| |Charge for the year|101,473|700|56,840|32,601|12,149|203,763| |On disposals||(400)|(11,735)|(1,646)|(63,019)|(76,800)| |At 31August 2022|1,934,914|10,800|766,228|264,578|80,718|3,057,238| |NET BOOK VALUE||||||| |At 31August 2022|3,445,345|700|257,822|57,757|73,179|3,834,803| |At 31August 2021|3,433,299|1,400|249,672|51,308|56,778|3,792,457| ## ## ## ||Investments| |---|---| ||in| ||subsidiary| ||companies| |COMPANY|E| |COST OR VALUATION|| |At 1 September 2021|| |AT 31AUGUST 2022|| |NET BOOK VALUE|| |AT 31AUGUST 2022|| |AT 31AUGUST 2021|| ## |||Group|Group|Company|Company| |---|---|---|---|---|---| |||2022|2021|2022|2021| ||||E||| |Cons|umables|30,163|18,693|24,419|17,417| ## |||Group|Group|Company|Company| |---|---|---|---|---|---| |||2022|2021|2022|2021| ||||||F| |DUE WITHIN|ONE YEAR||||| |Trade debtors||106,703|122,770|102,279|114,228| |Amounts
owed by Group undertakings||||231,388|318,290| |Other debtors|||198||198| |Prepayments|and accrued income|129,309|75,138|116,927|67,358| |||236,012|198,106|450,594|500,074| ## ## |||||||Group|Group|Company|Company| |---|---|---|---|---|---|---|---|---|---| |||||||2022|2021|2022|2021| ||||||||E|F|| |Bank loans||||||135,594|146,715|135,594|146,715| |Payments|received||on account|||130,868|142,945|130,868|142,945| |Trade creditors||||||136,971|83,312|120,461|72,356| |Other taxation
and||social security||||51,198|50,670|46,306|44,676| |Obligations|under finance lease and hire||||||||| |purchase|contracts|||||10,440|10,013|10,440|10,013| |Other creditors||||||64,801|69,691|49,213|53,108| |Accruals and deferred||||income||561,080|498,684|557,269|493,638| |||||||1,090,952|1,002,030|1,050,151|963,451| |||||||Group|Group|Company|Company| |||||||2022|2021|2022|2021| ||||||||E|E|| |Deferred
income at|||1 September||2021|459,051|311,770|459,051|311,770| |Resources|deferred||during the year|||513,192|459,051|513,192|459,051| |Amounts
released||from previous|||periods|(459,051)|(311,770)|(459,051)|(311,770)| |||||||513,192|459,051|513,192|459,051| ## ## ||||Group|Group|Company|Company| |---|---|---|---|---|---|---| ||||2022|2021|2022|2021| |Bank loans|||579,157|951,838|579,157|951,838| |Net obligations||under finance lease and hire||||| |purchase|contracts||5,380|15,820|5,380|15,820| ||||584,537|967,658|584,537|967,658| ## ## ||||Group|Group|Company|Company| |---|---|---|---|---|---|---| ||||2022|2021|2022|2021| ||||F|E||| |FINANCIAL ASSETS||||||| |Financial|assets measured|at amortised cost|1,770,124|1,882,238|1,850,389|2,075,192| ||||Group|Group|Company|Company| ||||2022|2021|2022|2021| ||||E||E|| |FINANCIAL LIABILITIES||||||| |Financial|liabilities measured|at amortised||||| |cost|||1,162,297|1,510,637|1,121,496|1,472,058| ## ## ## |STATEMENT OF FUNDS|- CURRENT|YEAR|||| |---|---|---|---|---|---| |||Balance at 1|||Balance at| |||September|||31August| |||2021
F|Income
E|Expenditure
E|2022f| |UNRESTRICTED FUNDS|||||| |General Funds||3,972,917|3,941,533|(3,756,867)|4,157,583| |The Downs School Association||38,474|68,545|(87,051)|19,968| |Downs School Enterprises|Limited|(191,578)|766,205|(649,181)|(74,554)| |||3,819,813|4,776,283|(4,493,099)|4,102,997| |RESTRICTED FUNDS|||||| |Donations||2,500|942|(3,207)|235| |TOTAL OF FUNDS||3,822,313|4,777,225|(4,496,306)|4,103,232| ## ## ## |STATEMENT OF FUNDS|- PRIOR YEA|R|||| |---|---|---|---|---|---| |||Balance at|||Balance at| |||1 September|||31 August| |||2020f|Income
f|Expenditure
f|2021| |UNRESTRICTED FUNDS|||||| |General Funds||3,751,975|3,447,910|(3,226,968)|3,972,917| |The Downs School Association||30,112|20,204|(11,842)|38,474| |Downs School Enterprises|Limited|(284,055)|661,994|(569,517)|(191,578)| |||3,498,032|4,130,108|(3,808,327)|3,819,813| |RESTRICTED FUNDS|||||| |Donations|||3,156|(656)|2,500| |Bursary|||1,653|(1,653)|| ||||4,809|(2,309)|2,500| |TOTAL OF FUNDS||3,498,032|4,134,917|(3,810,636)|3,822,313| ## ## |ANALY|SIS O|F NET ASSETS BETWEEN FUNDS|- CURRENT YEAR||| |---|---|---|---|---|---| ||||Restricted|Unrestricted|Total| ||||funds|funds|funds| ||||2022
f|2022|2022
E| |Tangible|fixed|assets||3,863,190|3,863,190| |Current|assets||235|1,915,296|1,915,531| |Creditors|due|within one year||(1,090,952)|(1,090,952)| |Creditors|due|in more than one year||(584,537)|(584,537)| |TOTAL|||235|4,102,997|4,103,232| ## ## |ANALY|SIS O|F NET ASSETS BETWEEN FUNDS|- PRIOR YEAR||| |---|---|---|---|---|---| ||||Restricted|Unrestricted|Total| ||||funds|funds|funds| ||||2021|2021|2021| ||||F||| |Tangible|fixed|assets||3,823,357|3,823,357| |Current|assets||2,500|1,966,144|1,968,644| |Creditors|due|within one year||(1,002,030)|(1,002,030)| |Creditors|due|in more than one year||(967,658)|(967,658)| ||||2,500|3,819,813|3,822,313| ## ## ## |||||Group|Group| |---|---|---|---|---|---| |||||2022|2021| |||||E|| |Net income|for the|year (as per Statement|of Financial Activities)|280,919|324,281| |ADJUSTMENTS FOR:|||||| |Depreciation|charges|||221,041|215,690| |Dividends,
interests||and rents from investments||(559)|(451)| |Loss/(profit)|on the|sale offixed assets||11,209|(8&8)| |Decrease/(increase)||in stocks||(11,470)|243| |Increase
in|debtors|||(37,995)|(7,344)| |Increase
in|creditors|||99,705|174,281| |Interest paid||||19,141|15,077| |NET CASH|PROVIDED BYOPERATING||ACTIVITIES|581,991|720,889| ## ## |||||||Group|Group| |---|---|---|---|---|---|---|---| |||||||2022|2021| |Cash|in|hand||||1,649,356|1,751,845| |TOTAL||CASH|AND|CASH|EQUIVALENTS|1,649,356|1,751,845| ## ## |||At 1||Repayment|Finance|| |---|---|---|---|---|---|---| |||September||of|lease|At 31| |||2021
f|Cash flows|borrowings
F|repayments|August 2022
f| |Cash at bank and in hand||1,751,845|(102,489)|||1,649„356| |Debt due within|1 year|(146,715)||11,121||(135,594)| |Debt due after 1 year||(951,838)||372,681||(579,157)| |Finance leases||(25,833)|||10,013|(15,&20)| |||627,459|(102,489)|383,802|10,013|918,785| ## ## ## ## ## ## ## |Name||||Income|Expenditure|Profit/(Loss)|Net assets I| |---|---|---|---|---|---|---|---| ||||||E|ISurplus/|(Liabilities)| |||||||(Deficit) for|| |||||||the year|| |Downs|School|Enterprises|Limited|766,205|(649,181)|117,024|(74,553)|