2023-08-31-accounts

		Page
Trustees' report		1-7
Statement ofTrustees'	responsibilities
Independent auditor's	report	9-11
Statement offinancial	activities	12
Balance sheet		13
Statement ofcash flows		14
Notes to the financial	statements	15-25

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2023	2023	2023	2022	2022	2022
	Notes				f
Income from:
Donations and	legacies		29,802	29,802
Charitable activities
income		8,143,877		8,143,877	7,850,422		7,850,422
Investments		36,339		36,339	2,245		2,245
Total income		8,180,216	29,802	8,210,018	7,852,667		7,852,667
Ex enditure on:
Charitable activities
expenditure		8,163,617	32,098	8,195,715	7,603,069	42,547	7,645,616
Net income/(expenditure)
for the year/
Net movement	in funds	16,599	(2,296)	14,303	249,598	(42,547)	207,051
Fund balances	at 1
September 2022		9,500,221	705,428	10,205,649	9,250,623	747,975	9,998,598
Fund balances	at 31
August 2023		9,516,820	703,132	10,219,952	9,500,221	705,428	10,205,649

				2023		2022
			Notes	f		F
Cash flows from operating		activities
Cash generated from operations					931,035		900,619
Investing	activities
Purchase	oftangible fixed assets			(241,607)		(173,251)
Investment	income received			36,339		2,245
Net cash	used in investing	activities			(205,268)		(171,006)
Financing	activities
Repayment	of bank loans			(66,110)		(71,344)
Movement	in deposits			111,551		79,564
Net cash	generated from financing
activities					45,441		8,220
Net increase in cash and cash equivalents					771,208		737,833
Cash and	cash equivalents	at beginning	ofyear		2,879,018		2,141,185
Cash and	cash equivalents	at end of	year		3,650,226		2,879,018

			Charitable	Charitable
			Income	Income
			2023f	2022
Fees receivable		from tuition and boarding	8,068,936	7,775,581
Charitable	rental	income	74,941	74,841
			8,143,877	7,850,422

				Unrestricted	Unrestricted
				funds	funds
				2023	2022
	Deposit account interest			36,339	2,245
6	Charitable		activities expenditure
				Charitable	Charitable
				Expenditure	Expenditure
				2023	2022
	Wages and		salaries	4,862,387	4,691,051
	Teaching	costs		326,809	330,877
	Support service costs			1,799,750	1,548,303
	Management		and admin costs	440,366	334,849
	Depreciation		and impairment	683,849	674,055
	Bank charges and interest			51,398	29,863
	Bad debt	expense		31,156	36,618
				8,195,715	7,645,616
	Analysis	by fund
	Unrestricted		funds	8,163,617	7,603,069
	Restricted	funds		32,098	42,547
				8,195,715	7,645,616

Tangible fixe	d assets
			Freehold	Fixtures and Motor	vehicles	Total
			buildings	fittings	f
Cost
At 1 September 2022			12,897,051	4,404,620	30,711	17,332,382
Additions			89,274	152,333		241,607
At 31August	2023		12,986,325	4,556,953	30,711	17,573,989
Depreciation	and impairment
At 1 September 2022			4,355,844	2,389,435	30,711	6,775,990
Depreciation	charged	in the year	393,929	289,920		683,849
At 31August	2023		4,749,773	2,679,355	30,711	7,459,839
Carrying amount
At 31 August	2023		8,236,552	1,877,598		10,114,150
At 31August	2022		8,541,207	2,015,185		10,556,392

13	Loans and deposits	Loans and deposits
			2023	2022
	Bank and	other loans - due in 1 year	69,016	68,158
	Bank and other loans - 1-2years		69,892	69,016
	Bank and other loans - 2-5 years		215,108	212,374
	Bank and other loans - over 5years		558,562	629,140
			912,578	978,688
	Deposits	- due in 1 year	60,500	50,486
	Deposits	- 1-2 years	166,073	121,736
	Deposits	- 2-5 years	229,253	200,244
	Deposits	- over 5years	177,015	148,825
			632,841	521,291
	Bank and other loans		912,578	978,688
	Deposits		632,841	521,291
			1,545,419	1,499,979
	Payable	within one year	129,516	118,644
	Payable	after one year	1,415,903	1,381,335
			1,545,419	1,499,979

Analysis o	f net assets between funds
		Unrestricted	Restricted	Total	Total
		Funds	Funds
		2023 f	2023	2023f	2022 F
Fund balances at 31August 2023are
represented	by:
Tangible assets		9,413,905	700,245	10,114,150	10,556,392
Investments		4		4	4
Net current	assets	1,629,560	2,887	1,632,447	1,169,019
Long term	liabilities	(1,526,649)		(1,526,649)	(1,519,766)
		9,516,820	703,132	10,219,952	10,205,649

under non-cancellable operating leases, which fall due as	follows:
	2023	2022f
Within one year	23,951	19,211
Between two and five years	23,064	25,685
	47,015	44,896