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





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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2023|2023|2023|2022|2022|2022|
||Notes||||f|||
|Income from:||||||||
|Donations<br>and|legacies||29,802|29,802||||
|Charitable<br>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<br>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|





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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|f||F||
|Cash flows from operating||activities||||||
|Cash generated<br>from operations|||||931,035||900,619|
|Investing|activities|||||||
|Purchase|oftangible<br>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<br>from financing|||||||
|activities|||||45,441||8,220|
|Net increase<br>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|





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||||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|





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|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<br>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|





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|13|Loans and deposits|Loans and deposits|||
|---|---|---|---|---|
||||2023|2022|
||Bank and|other loans - due in 1 year|69,016|68,158|
||Bank and other<br>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|





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|Analysis o|f net assets between funds|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|||
|||2023<br>f|2023|2023f|2022<br>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|



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|<br><br>under non-cancellable<br>operating<br>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|