## 

## 

|||||||Page|
|---|---|---|---|---|---|---|
|Reference and administrative||details|ofthe Company,|its Governors|and advisers||
|Governors'|report||||||
|Independent|auditors'<br>report|on the|financial statements|||15-18|
|Consolidated|statement<br>offinancial||activities|||19|
|Consolidated|balance sheet|||||20|
|Company<br>balance sheet||||||21|
|Consolidated|statement<br>ofcash flows|||||22|
|Notes to the|financial statements|||||23-44|





|Governors|||Mr N. Pursall (appointed|Mr N. Pursall (appointed|Mr N. Pursall (appointed|1|September 2022)|
|---|---|---|---|---|---|---|---|
||||Mr C.R.G. Biggin|||||
||||Mr J.M. Collard, (appointed||||as Chair 9October 2023)|
||||Mr D.J.Ferris (resigned|||31 August 2023)||
||||Mr J.A. Isaacs, (stepped|||down as Chair 9October 2023)||
||||Mr T.P. Lloyd-Jones|||||
||||Mrs H. Mack|||||
||||Mr T.P. Matthews|||||
||||Mr B.J. Northover|||||
||||Mr T. O' Sullivan|||||
||||Mr T.Tainton (resigned|||14August 2023)||
||||Ms J.Oliver (appointed|||1 September 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<br>House|||||
||||Wraxall|||||
||||Bristol|||||
||||BS481PF|||||
|Company|secretary||Mr. J.Barclay|||||
|Headteacher|||Mrs D.J.Isaachsen|||||
|Independent||auditors|Bishop Fleming<br>LLP|||||
||||Chartered<br>Accountants|||||
||||10Temple Back|||||
||||Bristol|||||
||||BS16FL|||||
|Bankers|||Barclays Bank pic|||||
||||4th Floor, Bridgewater||House|||
||||Counterslip|||||
||||Finzels Reach|||||
||||Bristol|||||
||||BS16BX|||||
|Solicitors|||Veale Wasbrough|Vizards LLP||||
||||Narrow<br>Quay House|||||
||||Narrow Quay|||||
||||Bristol|||||
||||BS14QA|||||





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|Bursary Committee|Bursary Committee|Bursary Committee|||Mr T.P. Lloyd-Jones|Mr T.P. Lloyd-Jones|(Chair)|(Chair)|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Mr J.Barclay||||||||
||||||Mrs D. Isaachsen||||||||
||||||Mrs H. Mack||||||||
||||||Mrs R.E.Thornton||||||||
|Strategy Committee|||||Mr D.J.Ferris (Chair)||(resigned|||31|August 2023)||
||||||Mr J. Barclay||||||||
||||||Mr J.M. Collard||||||||
||||||Mrs D. Isaachsen||||||||
||||||MrJ.A. Isaacs||||||||
||||||Mr B.J.Northover||||||||
||||||Ms J.Oliver (appointed|||01 September||||2022)|
||||||Mr T.Tainton (resigned|||31August|||2023)||
||||||Mr C.N.I. Tuttiett||||||||
|Nursery<br>Committee|||||MrJ.M. Collard (Chair)||||||||
||||||Mr J. Barclay||||||||
||||||Mrs D. Isaachsen||||||||
||||||Mr M.A. Newman|jindependent||||Director]|||
||||||Dr R.S.Thomson||||||||
||||||Mrs R. E.Thornton||||||||
|Remuneration||Committee|||Mrs R.E.Thornton|(Chair)|||||||
||||||Mr J. Barclay||||||||
||||||Mrs D. Isaachsen||||||||
||||||Mr J.A. Isaacs||||||||
|Education|Committee||||Mr T. O' Sullivan<br>(Chair)||||||||
||||||Mrs D. Isaachsen||||||||
||||||Mr N. Pursall<br>(appointed|||01|September|||2022)|
|Risk and Regulatory|||Committee||Mr B.J.Northover|(Chair)|||||||
||||||Mr J.Barclay||||||||
||||||Mrs D. Isaachsen||||||||
||||||Ms J. Oliver (appointed|||01 September||||2022)|
||||||Mr N. Pursall<br>(appointed|||01|September|||2022)|
||||||Dr. R.S.Thomson||||||||
|Governors'|Development|||Committee|Mr J.A. Isaacs (Chair)||||||||
||||||Mr D.J.Ferris (resigned|||31|August||2023)||
||||||Mrs D. Isaachsen||||||||
||||||Mr B.J.Northover||||||||
|Health and|Safety Committee||||Mr J. Barclay (Chair)||||||||
||||||Mr J.M. Collard||||||||
||||||Mrs D. Isaachsen||||||||
||||||Mrs R.E.Thornton||||||||
||||||Mr C.N.I. Tuttiett||||||||
|Downs School||Association||Committee|Mrs. F.Collins (Chair)||(appointed||||05 October 2022)||
||||||Mrs E. Ellis (Secretary)|||(appointed|||05|October 2022)|
||||||Mrs C. Johnson<br>(Treasurer)||||(appointed|||05 October 2022)|





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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2023<br>f|2023<br>f|2023|2022<br>E|
|Income from:|||||||
|Donations<br>and legacies|||1,700|8,969|10,669|9,715|
|Charitable<br>activities||||4,339,808|4,339,808|3,909,062|
|Other trading<br>activities||||877,138|877,138|856,058|
|Investments||||11,863|11,863|559|
|Other income||||||1,831|
|Total income|||1,700|5,237,778|5,239,478|4,777,225|
|Expenditure<br>on:|||||||
|Raising funds||||728,173|728,173|635,539|
|Charitable<br>activities|||437|4,400,837|4,401,274|3,860,767|
|Total expenditure|||437|5,129,010|5,129,447|4,496,306|
|Net movement<br>in funds|||1,263|108,768|110,031|280,919|
|Reconciliation<br>offunds:|||||||
|Total funds brought|forward||235|4,102,997|4,103,232|3,822,313|
|Net movement<br>in funds|||1,263|108,768|110,031|280,919|
|Total funds carried forward|||1,498|4,211,765|4,213,263|4,103,232|





## 

|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
|||||Note||F||E|
|Fixed assets|||||||||
|Tangible assets||||13||4,722,897||3,863,190|
|||||||4,722,897||3,863,190|
|Current assets|||||||||
|Stocks||||15|30,449||30,163||
|Debtors||||16|199,177||236,012||
|Cash at bank and|in|hand|||1,579,105||1,649,356||
||||||1,808,731||1,915,531||
|Creditors: amounts||falling|due within one||||||
|year||||17|(1,274,021)||(1,090,952)||
|Net current assets||||||534,710||824,579|
|Total assets less|current||liabilities|||5,257,607||4,687,769|
|Creditors: amounts||falling|due after more||||||
|than one year||||18||(1,044,344)||(584,537)|
|Total net assets||||||4,213,263||4,103,232|
|Charity funds|||||||||
|Restricted<br>funds||||20||1,498||235|
|Unrestricted<br>funds||||20||4,211,765||4,102,997|
|Total funds||||||4,213,263||4,103,232|






## 

|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
|||||Note||F||E|
|Fixed assets|||||||||
|Tangible assets||||13||4,694,516||3,834,803|
|Investments||||14||1||1|
|||||||4,694,517||3,834,804|
|Current assets|||||||||
|Stocks||||15|26,327||24,419||
|Debtors||||16|332,898||450,594||
|Cash at bank and|in hand||||1,469,002||1,502,657||
||||||1,828,227||1,977,670||
|Creditors: amounts|falling||due within one||||||
|year||||17|(1,206,761)||(1,050,151)||
|Net current assets||||||621,466||927,519|
|Total assets less|current||liabilities|||5„315,983||4,762,323|
|Creditors: amounts|falling||due after more||||||
|than one year||||18||(1,044,344)||(584,537)|
|Net assets excluding||pension asset||||4,271,639||4,177,786|
|Total net assets||||||4„271,639||4,177,786|
|Charity funds|||||||||
|Restricted funds||||20||1,498||235|
|Unrestricted<br>funds||||20||4,270,141||4,177,551|
|Total funds||||||4,271,639||4,177,786|





## 

||||2023|2022|
|---|---|---|---|---|
|||||E|
|Cash flows from operating|activities||||
|Net cash used<br>in operating|activities||523,811|581,991|
|Cash flows from investing|activities||||
|Investment<br>income|||11,196|559|
|Purchase oftangible<br>fixed assets|||(1,070,443)|(272,083)|
|Net cash used<br>in investing|activities||(1,059,247)|(271,524)|
|Cash flows from financing|activities||||
|Repayments<br>of borrowing|||(131,613)|(383,802)|
|Repayments<br>of hire purchase<br>loans|||(10,440)|(10,013)|
|Interest<br>paid on borrowings|||(42,762)|(19,141)|
|Cash proceeds<br>from new loan|||650,000||
|Net cash provided<br>by/(used<br>in) financing||activities|465,185|(412,956)|
|Change<br>in cash and cash|equivalents<br>in|the year|(70,251)|(102,489)|
|Cash and cash equivalents|at the beginning|ofthe year|1,649,356|1,751,845|
|Cash and cash equivalents|at the end of|the year|1,579,105|1,649,356|
|The notes on pages 23to 44 form part ofthese financial statements|||||





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|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2023|2023f|2023|2022<br>E|
|General|Donations|1,700||1,700|942|
|The Downs School Association|||8,969|8,969|8,773|
|||1,700|8,969|10,669|9,715|
|TOTAL|2022|942|8,773|9,715||



## 

## 

|INCOME FROM CHARITA|BLE ACTIVITIES|||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Gross fees receivable||4,292,468|4,021,129|
|Bursaries and scholarships||(468,849)|(514,182)|
|Income from rechargeable|expenditure|507,740|394,815|
|Registration<br>fees||8,449|7,300|
|||4,339,808|3,909,062|





## 

## 

|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
|||E|||
|Letting s||27,340|27,340|23,892|
|Other income||17,142|17,142|6,189|
|Fundraising|income|30,262|30,262|59,772|
|||74,744|74,744|89,853|
|TOTAL 2022||89,853|89,853||



## 

|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023f|2022|
|Nursery|income|802,394|802,394|766,205|
|TOTAL|2022|766,205|766,205||



## 

## 

||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2022|
||f.||E|
|Rental income|667|667|466|
|Bank interest|11,196|11,196|93|
||11,863|11,863|559|
|TOTAL2022|559|559||





## 

## 

|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2023|2023|2022|
|E|F||
|||1,831|
|1,831|1,831||



## 

## 

|||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2023|2023|2022|
|||||||F|F|F|
|Fundraising||expenditure||||18,368|18,368|36,066|
|TOTAL|2022|||||36,066|36,066||
|Expenditure||from non|charitable|trading|activities||||
|||||||Unrestricted|Total|Total|
|||||||funds|funds|funds|
|||||||2023|2023|2022|
||||||||F||
|Nursery|cost|ofsales||||87,619|87,619|74,362|
|Nursery|administration||expenses|||86,354|86,354|72,540|
|Nursery|cost|ofsales staff costs||||450,160|450,160|356,672|
|Nursery|administration||staff costs|||81,486|81,486|78,621|
|Nursery|depreciation|||||4,186|4,186|17,278|
|||||||709,805|709,805|599,473|
|TOTAL|2022|||||599,473|599,473||





## 

## 

||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||directly|costs|funds|funds|
||2023|2023|2023|2022|
|||E|F|E|
|Education|3,090,635|1,310,639|4,401,274|3,860,767|
|TOTAL 2022|2,760,188|1,100,579|3,860,767||



## 

||||Total|Total|
|---|---|---|---|---|
|||Education|funds|funds|
|||2023|2023|2022|
|||E|f.||
|Staff costs||2,201,487|2,201,487|1,990,472|
|Depreciation||83,269|83,269|89,441|
|Educational|supplies|357,328|357,328|253,993|
|Household|and welfare|16,253|16,253|14,053|
|Catering||367,770|367,770|356,382|
|Transport||64,528|64,528|55,847|
|||3,090,635|3,090,635|2,760,188|





## 

## 

## 

## 

|||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||Education|funds|funds|
||||||||2023|2023|2022|
||||||||||F|
||Staff costs||||||470,495|470,495|428,747|
||Depreciation||||||122,951|122,951|114,322|
||Educational|supplies|||||54,306|54,306|39,926|
||Other costs||||||144,147|144,147|77,188|
||Premises costs||||||256,633|256,633|246,087|
||Grounds<br>maintenance||||||37,072|37,072|44,687|
||Management|expenses|||||98,845|98,845|88,663|
||Financing<br>expenses||||||52,732|52,732|19,141|
||Legal and professional||||||56,232|56,232|25,032|
||Governance||||||17,226|17,226|16,786|
||||||||1,310,639|1,310,639|1,100,579|
|11.|NET INCOME/EXPENDITURE|||||||||
|||||||||2023|2022|
||||||||||E|
||Depreciation|oftangible|fixed assets:|||||||
||-owned<br>by|the charitable||group||||208,183|221,041|
||Fees payable|to the Company's|||auditor|in respect of:||||
||Auditors'<br>remuneration||- audit|||||13,750|12,850|
||Auditors'<br>remuneration||-other||services|||9,750|5,965|
||Operating<br>lease rentals|||||||15,442|20,892|





## 

## 

||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
||||||E|E|
|Wages and salaries|||2,718,948|2,398,808|2,225,005|1,993,428|
|Social security costs|||225,520|203,953|198,951|183,551|
|Employer|contribution|to pension schemes|259,160|251,751|248,026|242,240|
||||3,203,628|2,854,512|2,671,982|2,419,219|



||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
||||No.|No.|No.|No.|
|Teaching|staff||57|50|57|50|
|Administrative||staff|55|56|28|29|
||||112|106|85|79|



## 

||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
||||No.|No.|No.|No.|
|Teaching|staff||41|35|41|35|
|Administrative||staff|41|40|20|22|
||||82|75|61|57|



|Group|Group|
|---|---|
|2023|2022|
|No.|No.|





## 

## 

## 

## 

||||||Other||
|---|---|---|---|---|---|---|
||Freehold|Motor|Fixtures and|Computer|fixed||
||property|vehicles<br>E|fittings|equipment|assetsf|Total<br>E|
|COST OR|||||||
|VALUATION|||||||
|At 1 September 2022|5,380,259|11,500|1,125,591|326,847|153,897|6,998,094|
|Additions|921,923|30,900|44,026|62,069|11,525|1,070,443|
|Disposals|||(190)|(16,692)|-|(16,882)|
|At 31 August 2023|6,302,182|42,400|1,169,427|372,224|165,422|8,051,655|
|DEPRECIATION|||||||
|At 1 September 2022|1,934,914|10,800|840,411|268,061|80,718|3,134,904|
|Charge for the year|101,803|8,425|54,839|32,616|12,723|210,406|
|On disposals|||(190)|(16,362)|-|(16,552)|
|At 31 August 2023|2,036,717|19,225|895,060|284,315|93,441|3,328,758|
|NET BOOK VALUE|||||||
|At 31 August 2023|4,265,465|23,175|274,367|87,909|71,981|4,722,897|
|At 31 August 2022|3,445,345|700|285,180|58,786|73,179|3,863,190|





## 

## 

## 

## 

||||Fixtures||Other||
|---|---|---|---|---|---|---|
||Freehold|Motor|and|Computer|fixed||
||property|vehicles|fittings|equipment|assets|Total|
||F|F|F||F|F|
|COST OR VALUATION|||||||
|At 1 September 2022|5,380,259|11,500|1,024,050|322,335|153,897|6,892,041|
|Additions|921,923|30,900|42,475|59,110|11,525|1,065,933|
|Disposals||||(15,715)||(15,715)|
|At 31 August 2023|6,302,182|42,400|1,066,525|365,730|165,422|7,942,259|
|DEPRECIATION|||||||
|At 1 September 2022|1,934,914|10,800|766,228|264,578|80,718|3,057,238|
|Charge for the year|101,803|8,425|51,490|31,779|12,723|206,220|
|On disposals||||(15,715)|-|(15,715)|
|At 31 August 2023|2,036,717|19,225|817,718|280,642|93,441|3,247,743|
|NET BOOK VALUE|||||||
|At 31 August 2023|4,265,465|23,175|248,807|85,088|71,981|4,694,516|
|At 31 August 2022|3,445,345|700|257,822|57,757|73,179|3,834,803|





## 

## 

||Investments|
|---|---|
||in|
||subsidiary|
||companies|
|COMPANY|F|
|COST OR VALUATION||
|At 1 September 2022||
|AT 31 AUGUST 2023||
|NET BOOK VALUE||
|AT 31 AUGUST 2023||
|AT 31AUGUST 2022||



|15.|STOCKS|||||
|---|---|---|---|---|---|
|||Group|Group|Company|Company|
|||2023|2022|2023|2022|
||||E|E||
||Consumables|30,449|30,163|26,327|24,419|
|16.|DEBTORS|||||



|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
||||E||F|
|DUE WITHIN|ONE YEAR|||||
|Trade debtors||123,052|106,703|116,424|102,279|
|Amounts<br>owed by Group undertakings||||155,353|231,388|
|Prepayments|and accrued income|76,125|129,309|61,121|116,927|
|||199,177|236,012|332,898|450,594|





|17.|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Group|Group|Company|Company|
||||||||2023|2022|2023|2022|
|||||||||E|||
||Bank loans||||||188,794|135,594|188,794|135,594|
||Payments<br>received|on||account|||128,700|130,868|128,700|130,868|
||Trade creditors||||||147,598|136,971|131,794|120,461|
||Other taxation<br>and|social|||security||54,104|51,198|48,101|46,306|
||Obligations<br>under finance||||lease and hire||||||
||purchase<br>contracts||||||5,380|10,440|5,380|10,440|
||Other creditors||||||68,825|64,801|51,909|49,213|
||Accruals and deferred|||income|||680,620|561,080|652,083|557,269|
||||||||1,274,021|1,090,952|1,206,761|1,050,151|
||||||||Group|Group|Company|Company|
||||||||2023f|2022<br>F|2023<br>E|2022|
||Deferred<br>income at||1 September|||2022|513,192|459,051|513,192|459,051|
||Resources deferred||during the year||||635,664|513,192|607,203|513,192|
||Amounts<br>released|from previous||||periods|(513,192)|(459,051)|(513,192)|(459,051)|
||||||||635,664|513,192|607,203|513,192|





## 

## 

## 

## 

||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
|||||E|f|E|
|Bank loans|||1,044,344|579,157|1,044,344|579,157|
|Net obligations||under finance lease and hire|||||
|purchase|contracts|||5,380||5,380|
||||1,044,344|584,537|1,044,344|584,537|



## 

|FINANCIAL|FINANCIAL|INSTRUMENTS|INSTRUMENTS|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Group|Group|Company|Company|
|||||||2023|2022|2023|2022|
||||||||E|E||
|FINANCIAL||ASSETS||||||||
|Financial|assets measured||at|amortised|cost|1,716,496|1,770,124|1,748,824|1,850,389|
|||||||Group|Group|Company|Company|
|||||||2023|2022|2023|2022|
||||||||F|E|E|
|FINANCIAL||LIABILITIES||||||||
|Financial|liabilities measured|||at amortised||||||
|cost||||||1,657,239|1,162,297|1,618,516|1,121,496|





## 

## 

## 

## 

|STATE|MENT OF FUNDS|- CURRENT Y|EAR||||
|---|---|---|---|---|---|---|
||||Balance at 1|||Balance at|
||||September|||31August|
||||2022|Income<br>f|Expenditure<br>f'.|2023<br>f.|
|UNRESTRICTED FUNDS|||||||
|General|Funds||4,157,583|4,396,215|(4,314,107)|4,239,691|
|The Downs School Association|||19,968|39,169|(28,687)|30,450|
|Downs|School Enterprises|Limited|(74,554)|802,394|(786,216)|(58,376)|
||||4,102,997|5,237,778|(5,129,010)|4,211,765|
|RESTRICTED FUNDS|||||||
|Donations|||235|1,700|(437)|1,498|
|TOTAL|OF FUNDS||4,103,232|5,239,478|(5,129,447)|4,213,263|



## 



## 

## 

## 

|STATE|MENT OF FUNDS|- PRIOR YEA|R||||
|---|---|---|---|---|---|---|
||||Balance at|||Balance at|
||||1 September|||31 August|
||||2021|Income|Expenditure|2022|
||||E|E|||
|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|



## 

|ANALY|SIS O|F NET ASSETS BETWEEN FUNDS|- CURRENT YEAR|||
|---|---|---|---|---|---|
||||Restricted|Unrestricted|Total|
||||funds|funds|funds|
||||2023|2023|2023|
||||E|F|E|
|Tangible|fixed|assets||4,722,897|4,722,897|
|Current|assets||1,498|1,813,527|1,815,025|
|Creditors|due|within one year||(1,280,315)|(1,280,315)|
|Creditors|due|in more than one year||(1,044,344)|(1,044,344)|
|TOTAL|||1,498|4,211,765|4,213,263|



## 



## 

## 

## 

|ANALYS|IS O|F NET ASSETS BETWEEN FUNDS|-PRIOR YEAR|||
|---|---|---|---|---|---|
||||Restricted|Unrestricted|Total|
||||funds|funds|funds|
||||2022|2022|2022|
|||||E|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|



||RECONCILIATION|OF|NET|MOVEMENT|IN|FUNDS|TO|NET|CASH|FLOW|FROM|OPERATING|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|22.|ACTIVITIES||||||||||||



||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||F||
||Net income for the year (as per Statement|||of Financial Activities)|110,031|280,919|
||ADJUSTMENTS FOR:||||||
||Depreciation<br>charges||||210,406|221,041|
||Interest|income|||(11,196)|(559)|
||Loss on|the sale offixed assets|||330|11,209|
||Increase|in stocks|||(286)|(11,470)|
||Decrease/(increase)||in debtors||36,835|(37,995)|
||Increase|in creditors|||134,929|99,705|
||Interest|paid|||42,762|19,141|
||NET CASH PROVIDED BYOPERATING ACTIVITIES||||523,811|581,991|
|23.|ANALYSIS OF CASH AND CASH EQUIVALENTS||||||
||||||Group|Group|
||||||2023|2022|
||Cash<br>in|hand|||1,579,105|1,649,356|
||TOTAL|CASH AND|CASH EQUIVALENTS||1,579,105|1,649,356|





## 

## 

|||||Cash||||
|---|---|---|---|---|---|---|---|
|||At 1||inflows|Repayment|Finance||
|||September||from net|of|lease|At 31|
|||2022|Cash flows|borrowings|borrowings|repayments|August 2023|
||||F|F|||F|
|Cash|at bank|||||||
|and|in hand|1,649,356|(720,251)|650,000|||1,579,105|
|Debt|due within|||||||
|1 year||(135,594)|||(53,200)||(188,794)|
|Debt|due after 1|||||||
|year||(579,157)|||(465,187)||(1,044,344)|
|Finance leases||(15,820)||||10,440|(5,380)|
|||918,785|(720,251)|650,000|(518,387)|10,440|340,587|





## 

## 

## 

## 

## 



## 

## 

||||Group|Group|
|---|---|---|---|---|
||||2023|2022|
||||F|E|
|CONTRACTED FOR||BUT NOT PROVIDED IN THESE FINANCIAL|||
|STATEMENTS|||||
|Acquisition|oftangible|fixed assets|26,102||



## 

## 

|payments|und|er non-cancellable<br>operating<br>lease|s as follows:||||
|---|---|---|---|---|---|---|
||||Group|Group|Company|Company|
||||2023|2022|2023|2022|
|||||E|||
|Not later than||1 year|15,607|5,518|15,607|5,518|
|Later than|1 year and not later than 5years||25,930||25,930||
||||41,537|5,518|41,537|5,518|





## 

## 

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