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||Page||
|---|---|---|
|Report ofthe Trustees|1 to|8|
|Report ofthe Independent
Auditors|9 to|11|
|Statement of Financial Activities|12||
|Balance Sheet|13||
|Cash Flow Statement|14||
|Notes to the Cash Flow Statement|15||
|Notes to the Financial Statements|16 to|30|
|Detailed Statement of Financial Activities|31 to|32|
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|||||FOR T|HE YEAR E|NDED 31AUGUS|T 2022|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|fund|funds|funds|
||||||Notes|E|E|E|E|
|INCOME AND|ENDOWMENTS|||FROM||||||
|Donations
and|legacies||||2|281,062|201,149|482,211|404,072|
|Charitable
activities||||||||||
|School Fees||||||3,371,521||3,371,521|2,945,807|
|Other ancillary|trading||income|||379,774||379,774|558,112|
|Investment
income|||||3|7,359||7,359|675|
|Total||||||4,039,716|201,149|4,240,865|3,908,666|
|EXPENDITURE|ON|||||||||
|Raising funds|||||5|39,850||39,850|38,152|
|Charitable
activities||||||||||
|Teaching costs||||||2,552,262||2,552,262|2,490,268|
|Welfare costs||||||349,528||349,528|286,411|
|Premises||||||398,185|92,858|491,043|447,337|
|Management|and|administration||||767,457|38,608|806,065|590,382|
|Total||||||4,107,282|131,466|4,238,748|3,852,550|
|NET INCOME/(EXPENDITURE)||||||(67,566)|69,683|2,117|56,116|
|Other recognised||gains/(lasses)||||||||
|Gains/(losses)|on|revaluation||offixed assets||(667,339)||(667,339)||
|Net movement|in|funds||||(734,905)|69,683|(665,222)|56,116|
|RECONCILIATION||OF FUNDS||||||||
|Total funds brought
forward||||||1,428,424|283,093|1,711,517|1,655,401|
|TOTAL FUNDS|CARRIED FORWARD|||||693,519|352,776|1,046,295|1,711,517|
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restncted|Total|Total|
|||||funds|fund|funds|funds|
||||Notes|E|E|6|E|
|FIXEDASSETS||||||||
|Tangible assets|||12|4,897,851|352,776|5,250,627|4,832,250|
|CURRENTASSETS||||||||
|Stocks|||13|55,405||55,405|67,408|
|Debtors|||14|674,375||674,375|621,397|
|Cash at bank and in hand||||208,247||208,247|60,130|
|||||938,027||938,027|748,935|
|CREDITORS||||||||
|Amounts
falling due within one year|||15|(4,222,987)||(4,222,987)|(2,784,822)|
|NET CURRENT|ASSETS|||(3,284,960)||(3,284,960)|(2,035,887)|
|TOTAL ASSETS LESSCURRENT LIABIUTIES||||1,612,891|352,776|1,965,667|2,796,363|
|CREDITORS||||||||
|Amounts
falling due after more than one year|||16|(919,372)||(919,372)|(1,084,846)|
|NET ASSETS||||693,519|352,776|1,046,295|1,711,517|
|FUNDS|||19|||||
|Unrestricted
funds:||||||||
|General
fund||||||(435,627)|(368,061)|
|Revaluation|reserve|||||1,129,146|1,796,485|
|||||||693,519|1,428,424|
|Restricted funds:||||||||
|School development||fund||||352,776|283,093|
|TOTAL FUNDS||||||1,046,295|1,711,517|
##
|||CASH FLOW STATEMENT|||
|---|---|---|---|---|
|||FOR THE YEAR ENDED 31AUGUST 2022|||
||||2022|2021|
|||Notes|E|E|
|Cash flows from operating|activities||||
|Cash generated
from operations|||1,453,951|374,734|
|Interest paid|||(39,850)|(38,152)|
|Net cash provided
by operating
activities|||1,414,101|336,582|
|Cash flows from investing|activities||||
|Purchase oftangible
fixed|assets||(1,152,822)|(233,446)|
|Net cash used in investing|activities||(1,152,822)|(233,446)|
|Cash flows from financing|activities||||
|Loan repayments|||(133,569)|(58,337)|
|Finance lease capital repayments|||(12,703)|(16,546)|
|New finance lease agreements|||33,110||
|Net cash used in financing|activities||(113,162)|(74,883)|
|Change in cash and cash equivalents||in the|||
|reporting
period|||148,117|28,253|
|Cash and cash equivalents|atthe beginning||||
|ofthe reporting
period|||60,130|31,877|
|Cash and cash equivalents|atthe end|of|||
|the reporting
period|||208,247|60,130|
##
##
|RECONCILIA|TION
O|F NET INC|OME TO NET CASH FLOW FROM OPERATING A|CTIVITIES||
|---|---|---|---|---|---|
|||||2022|2021|
|||||f|E|
|Net income|for the|reporting|period (as per the Statement of Financial|||
|Activities)||||2,117|56,116|
|Adjustments|for:|||||
|Depreciation|charges|||65,828|176,946|
|Loss on disposal of||fixed assets||1,278||
|Interest paid||||39,850|38,152|
|Decrease in|stocks|||12,003|4,996|
|(Increase)/decrease||in debtors||(52,978)|5,794|
|Increase
in creditors||||1,385,853|92,730|
|Net cash provided||by operations||1,453,951|374,734|
##
||At 1/9/21|Cash flow|At 31/8/22|
|---|---|---|---|
||E|E|f|
|Net cash||||
|Cash at bank and in hand|60,130|148,117|208,247|
||60,130|148,117|208,247|
|Debt||||
|Finance leases|(9,652)|(20,407)|(30,059)|
|Debts falling due within 1year|(112,471)|(50,279)|(162,750)|
|Debts falling due after 1year|(1,084,846)|183,848|(900,998)|
||(1,206,969)|113,162|(1,093,807)|
|Total|(1,146,839)|261,279|(885,560)|
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|DONATIONS
AND LEGACIES|||||
|---|---|---|---|---|
||||2022|2021|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||E|E|E|6|
|Donations|203,437|201,149|404,586|331,300|
|Donated services and facilities|77,625||77,625|72,772|
||281,062|201,149|482,211|404,072|
|INVESTMENT INCOME|||||
||||2022|2021|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||f|E|6|E|
|Rents received|7,359||7,359|675|
##
##
##
|INCOME FROM|CHARITABLE|ACTIVITIES||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Activity||E|E|
|Gross fees||School Fees||4,135,067|3,530,199|
|Total bursaries|and|||||
|allowances||School Fees||(763,546)|(584,392)|
|Minibus income||Other ancillary trading|income|190,304|100,507|
|Income from school shops||Other ancillary trading|income|50,945|45,684|
|Sundry income||Other ancillary trading|income|138,525|411,921|
|||||3,751,295|3,503,919|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|||E|E|E|f|
|Interest payable and similar charges||39,850||39,850|38,152|
|CHARITABLE ACTIVITIES COSTS||||||
|||||Support||
||||Direct|costs (see||
||||Costs|note 7)|Totals|
||||E|E|E|
|Teaching costs|||2,552,262||2,552,262|
|Welfare costs|||349,528||349,528|
|Premises|||491,043||491,043|
|Management|and administration||795,232|10,833|806,065|
||||4,188,065|10,833|4,198,898|
##
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|||2022|2021|
|---|---|---|---|
|||E|E|
|Auditors'|remuneration|10,833|10,200|
|Depreciation
—owned assets||65,828|176,946|
|Other operating
leases||1,225|842|
|Deficit on|disposal offixed assets|1,278||
##
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|STAFF|COSTS|||
|---|---|---|---|
|||2022|2021|
|||6|6|
|Wages|and salaries|2,405,887|2,265,344|
|Social|security costs|226,098|202,024|
|Other|pension costs|363,144|356,491|
|||2,995,129|2,823,859|
##
|||2022|2021|
|---|---|---|---|
|Teachers||41|38|
|Administration||13|9|
|Learning support||17|14|
|Catering||6|5|
|Domestic and|Laundry|6|3|
|Maintenance|and groundsmen|3|3|
|Drivers||6|4|
|Nursery assistants||2|3|
|||94|79|
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||E60,001 —E70,000|||||1|2|
||E90,001 - E100,000|||||1||
||E110,000 —E120,000|||||||
|11.|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||||
||||||Unrestricted|Restricted|Total|
||||||funds|fund|funds|
||||||f|E|f|
||INCOME AND|ENDOWMENTS||FROM||||
||Donations
and|legacies|||222,774|181,298|404,072|
||Charitable
activities|||||||
||School Fees||||2,945,807||2,945,807|
||Other ancilliary|trading|income||558,112||558,112|
||Investment
income||||675||675|
||Total||||3,727,368|181,298|3,908,666|
||EXPENDITURE|ON||||||
||Raising funds||||38,152||38,152|
||Charitable
activities|||||||
||Teaching costs||||2,490,268||2,490,268|
||Welfare costs|||||||
||||||286,411||286,411|
||Premises||||414,950|32,387|447,337|
||Management|and administration|||552,159|38,223|590,382|
||Total||||3,781,940|70,610|3,852,550|
##
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##
|FOR THE YEAR ENDED 31AUGUST|FOR THE YEAR ENDED 31AUGUST|FOR THE YEAR ENDED 31AUGUST|FOR THE YEAR ENDED 31AUGUST|FOR THE YEAR ENDED 31AUGUST|2022|||
|---|---|---|---|---|---|---|---|
|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||- continued|||
||||||Unrestricted|Restricted|Total|
||||||funds|fund|funds|
||||||E|f|E|
|NET INCOME/(EXPENDITURE)|||||(54,572)|110,688|56,116|
|RECONCIUATION
OF FUNDS||||||||
|Total funds brought|forward||||1,482,996|172,405|1,655,401|
|TOTAL FUNDS CARRIED FORWARD|||||1,428,424|283,093|1,711,517|
|TANGIBLE FIXEDASSETS||||||||
||||Assets|in||||
||||the||Fixtures|||
|||Freehold|course|of|and|Motor||
|||property
f|construction
E||fittings
E|vehicles
E|Totals
E|
|COST||||||||
|At 1September 2021||4,492,201|199,541||865,141|56,885|5,613,768|
|Additions||1,870|973,728||163,044|14,180|1,152,822|
|Disposals|||||(2,976)||(2,976)|
|Impairments||(667,339)|||||(667,339)|
|At 31August 2022||3,826,732|1,173,269||1,025,209|71,065|6,096,275|
|DEPRECIATION||||||||
|At 1September 2021|||||732,563|48,955|781,518|
|Charge for year|||||62,907|2,921|65,828|
|Eliminated
on disposal|||||(1,698)||(1,698)|
|At 31August 2022|||||793,772|51,876|845,648|
|NET BOOK VALUE||||||||
|At 31August 2022||3,826,732|1,173,269||231,437|19,189|5,250,627|
|At 31August 2021||4,492,201|199,541||132,578|7,930|4,832,250|
##
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##
|2022|2021|
|---|---|
|E|E|
|55,405|67,408|
##
##
##
|DEBTORS:AM||OUNTS|FA||LUNG DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||E|E|
|Trade debtors||||||619,758|501,547|
|Other debtors||||||7,364|55,385|
|Prepayments|and accrued||||income|47,253|64,465|
|||||||674,375|621,397|
|CREDITORS: AMOUNTS||||FALUNG DUE WITHIN ONE YEAR||||
|||||||2022|2021|
|||||||E|f|
|Bank loans and||overdrafts|||(see note 17)|162,750|112,471|
|Hire purchase||(see note||18)||11,685|9,652|
|Trade creditors||||||330,032|61,145|
|Social security||and other|||taxes|54,714|86,058|
|Other creditors||||||2,119,417|1,256,679|
|Accruals and|deferred||income|||1,544,389|1,258,817|
|||||||4,222,987|2,784,822|
##
##
||||2022|2021|
|---|---|---|---|---|
||||E|E|
|Bank loans|(see note 17)||900,998|1,084,846|
|Hire purchase (see note 18)|||18,374||
||||919,372|1,084,846|
|LOANS|||||
|An analysis|ofthe maturity|of loans is given below:|||
||||2022|2021|
||||E|E|
|Amounts
falling due within||one year on demand:|||
|Bankloans|||162,750|112,471|
|Amounts
falling between one and two years:|||||
|Bank loans|- 1-2years||162,750|112,471|
|Amounts
falling due between two and Rve years:|||||
|Bank loans|- 2-5years||354,387|337,414|
|Amounts
falling due in more than five years:|||||
|Repayable|by instalments:||||
|Bank loans|more 5 yr by instal||383,861|634,961|
##
|||Hire purchase|contracts|
|---|---|---|---|
|||2022|2021|
|||E|E|
|Gross obligations|repayable:|||
|Within one year||13,218|9,652|
|Between one and five years||20,801||
|||34,019|9,652|
|Finance charges|repayable:|||
|Within one year||1,533||
|Between one and five years||2,427||
|||3,960||
|Net obligations|repayable;|||
|Within one year||11,685|9,652|
|Between one and five years||18,374||
|||30,059|9,652|
||Non-cancellable|operating|
|---|---|---|
||leases||
||2022|2021|
||6|E|
|Within one year|90,102|63,115|
|Between one and five years|156,890|169,460|
||246,992|232,575|
##
|MOVEMENT|IN FUN|DS||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1/9/21|in funds|31/8/22|
||||E|E|E|
|Unrestricted|funds|||||
|General fund|||(368,061)|(67,566)|(435,627)|
|Revaluation|reserve||1,796,485|(667,339)|1129146|
||||1,428,424|(734,905)|693,519|
|Restricted funds||||||
|School development||fund|283,093|69,683|352,776|
|TOTAL FUNDS|||1,711,517|(665,222)|1,046,295|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources
f|expended
E|losses
6|in funds
E|
|Unrestricted|funds||||||
|General fund|||4,039,716|(4,107,282)||(67,566)|
|Revaluation|reserve||||(667,339)|(667,339)|
||||4,039,716|(4,107,282)|(667,339)|(734,905)|
|Restricted funds|||||||
|School development||fund|201,149|(131,466)||69,683|
|TOTAL FUNDS|||4,240,865|(4,238,748)|(667,339)|(665,222)|
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1/9/20|in funds|31/8/21|
||||E|E|E|
|Unrestricted|funds|||||
|General fund|||(313,489)|(54,572)|(368,061)|
|Revaluation|reserve||1,796,485||1,796,485|
||||1,482,996|(54,572)|1,428,424|
|Restricted funds||||||
|School development||fund|172,405|110,688|283,093|
|TOTALFUNDS|||1,655,401|56,116|1,711,517|
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||E|E|E|
|Unrestricted
funds|||||
|General fund||3,727,368|(3,781,940)|(54,572)|
|Restricted funds|||||
|School development|fund|181,298|(70,610)|110,688|
|TOTAL FUNDS||3,908,666|(3,852,550)|56,116|
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1/9/20|in funds|31/8/22|
||||f|f|6|
|Unrestricted|funds|||||
|Generalfund|||(313,489)|(122,138)|(435,627)|
|Revaluation|reserve||1,796,485|(667,339)|1,129,146|
||||1,482,996|(789,477)|693,519|
|Restricted funds||||||
|School development||fund|172,405|180,371|352,776|
|TOTAL FUNDS|||1,655,401|(609,106)|1,046,295|
|||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|
|||||resources|expended|losses|in funds|
|||||6|6|E|E|
|Unrestricted||funds||||||
|General|fund|||7,767,084|(7,889,222)||(122,138)|
|Revaluation||reserve||||(667,339)|(667,339)|
|||||7,767,084|(7,889,222)|(667,339)|(789,477)|
|Restricted funds||||||||
|School|development||fund|382,447|(202,076)||180,371|
|TOTAL|FUNDS|||8,149,531|(8,091,298)|(667,339)|(609,106)|
##
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|(2021:E16423) and at the year end E4983(2021:f5 786) was accrued|(2021:E16423) and at the year end E4983(2021:f5 786) was accrued|in respect ofcontribution|s.|
|---|---|---|---|
|CAPITAL COMMITMENTS||||
|||2022|2021|
|||E|f|
|Contracted|but not provided for in the financial statements|66,593|700,459|
##
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##
||||FOR THE YEAR ENDED|31AUGUST 2022||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|E|
|INCOME AND ENDOWMENTS||||||
|Donations and|legacies|||||
|Donations||||404,586|331,300|
|Donated services and facilities||||77,625|72,772|
|||||482,211|404,072|
|Investment
income||||||
|Rents received||||7,359|675|
|Charitable
activities||||||
|Gross fees||||4,135,067|3,530,199|
|Total bursaries|and|allowances||(763,546)|(584,392)|
|Minibus income||||190,304|100,507|
|Income from school||shops||50,945|45,684|
|Sundry income||||138,525|411,921|
|||||3,751,295|3,503,919|
|Total incoming|resources|||4,240,865|3,908,666|
|EXPENDITURE||||||
|Investment
management|||costs|||
|Bank interest and charges||||14,641|7,525|
|Mortgage interest||||25,209|27,033|
|Otherlnterest|||||3,594|
|||||39,850|38,152|
|Charitable
activities||||||
|Staff costs||||2,405,887|2,265,344|
|Social security||||226,098|202,024|
|Pensions||||363,144|356,491|
|Other operating|leases|||1,225|842|
|Rates and water||||29,029|28,265|
|Insurance||||49,878|45,193|
|Light and heat||||75,434|79,875|
|Telephone||||3,403|2,991|
|Postage and stationery||||23,283|24,755|
|Advertising||||46,137|25,908|
|Sundries||||2,452|3,056|
|Teaching resources||||129,879|90,809|
|Purchases||||122,461|106,860|
|Staff and Governor||training||8,972|3,575|
|Carried forward||||3,487,282|3,235,988|
##
##
||FOR THE YEAR ENDED|31AUGUST 2022||
|---|---|---|---|
|||2022|2021|
|||E|E|
|Charitable
activities||||
|Brought forward||3,487,282|3,235,988|
|Maintenance
and repairs||170,059|71,010|
|Motor expenses||111,443|80,145|
|Subscriptions||24,229|10,093|
|Legal fees||2,167|1,577|
|Professional
fees||81,976|47,622|
|Lease costs||45,963|53,290|
|Bad debts||81,607|16,532|
|Computer
expenses||38,608|38,223|
|Finance,
ITand design services||77,625|72,772|
|Fixtures and fittings||62,907|170,617|
|Motor vehicles||2,921|6,329|
|Loss on sale oftangible|fixed assets|1,278||
|||4,188,065|3,804,198|
|Support costs||||
|Governance
costs||||
|Auditors'
remuneration||10,833|10,200|
|Total resources expended||4,238,748|3,852,550|
|Net income||2,117|56,116|