2022-08-31-accounts - Edge Grove School Trust Ltd

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Governors					Mr C H J Clayden (Chair)	Mr C H J Clayden (Chair)	(appointed 06 December	(appointed 06 December
					2022)
					Mr P A Kendall (Deputy Chair)
					Mr ISElliott (resigned 06 December 2022)
					Mr D G Emkes
					Ms AJ Godfrey
					Dr LA Johnson (resigned		05 April 2022)
					Mr C E Lilley
					Mrs S O' Sullivan
					Mr AJ Robson
					Mr I A Sheldon
					Mr J LStevens
					Mr JW Tweddle
					Mr D A EWilliams
					Mr Z Khawaja (appointed		08 December 2021)
Key Management		Personnel
				Head	Ms L McDonald (resigned		31 July 2022)
			interim	Head	Mr RJP Stabley (01	July 2022		to 31 Dec2022)
		Senior	Deputy	Head	Ms J Leighton
	Bursar	8 Company Secretary			Mrs G P Dippenaar	(appointed		1 Nov 2021)
	Deputy Head Academic				Ms L E O'Hare
		Deputy Head Pastoral			Mrs A T Caldwell (resigned 31August 2022)
		Head of Pre		Prep	Mrs G A Emmerson	(resigned		31 August 2022)
		Head of Upper School			Ms A M Warren
		Head ofLower		Prep	Mrs S Robinson
	Head of Digital Learning				Mr I Kay
Charity Number					311054
Company	Number				947085
Registered	Office	&Principal Address			Edge Grove School
					Aldenham Village
					Watford
					Hertfordshire
					WD25 8NL
Auditors					Taylor Cocks LLP
					The Courtyard
					Shoreham Road
					Upper Beeding, Steyning
					West Sussex BN44 3TN
Bankers					Barclays Bank Pic
					11 Bank Court, Marlowes,
					Hemel Hempstead,
					Herffordshire HP11	1BX

				Page
Governors'	Report (incorporating		the Strategic Report)	1-12
Statement of Governors'		Responsibilities		13
Auditor's Report				14-16
Consolidated	Statement	of Financial Activities		17
Consolidated	Balance Sheet			18
School Balance Sheet
Consolidated	Cash Flow	Statement		20
Notes to the	Financial Statements			21-33

			Notes	Unrestricted	Designated	Restricted	Total	Total
				Funds	Funds	Funds	2022	2021
				6	6	6	6	6
INCOME FROM:
Donations, grants and legacies			6		43,299	5,050	48,349	79,112
Other trading activities			7	127,693			127,693	124,039
Investments			8	3,543			3,543
Charitable activities			9	7,638,902			7,638,902	7,172,180
Other income			10	18,207			18207	109,445
Total income				7,788,345	43,299	5,050	7,836,694	7,484,776
EXPENDITURE ON:
Raising funds				107,895			107,895	91,818
Charitable activities				7,267,253	29,300	4,614	7,301,167	6,773,922
Total expenditure				7,375,148	29,300	4,614	7,409,062	6,865,740
Net income				413,197	13,999	436	427,632	619,036
Transfers between	funds		26
Net movement in	funds			413,197	13,999	436	427,632	619,036
Fund balances brought		forward	26	7,172,815	14,674	4,910	7,192,399	6,573,363
Fund balances carried		forward	26	7,586,012	28,673	5,346	7,620,031	7,192,399

	Notes	2022		2021
FIXEDASSETS
Tangible assets	14	10.365.010		10,364,295
Intangrble annals - goodeill	18	193.181		214,645
			10,558,191		10,576,940
CURRENT ASSETS
Stock		38,555		5.733
Debtors	'IF	244,805		301,796
Cash at bank and in hand		1.002,848		1,417,199
		1,285408		1,724,126
CURRENT LIABIUTIES
Creditors due wimin one year		1,362,093		1,64'!,404
NET CURRENT ASSETSI{LIABILITIES)			{76,795)		83,324
TOTAL ASSETS LESSCURRENT ASSETS			10,481,396		10,662,264
LONG TER)S LIABILITIES
Creditors due after ona year			2,881,365		3,469,685
NET ASSETS			7,620,031		7,192.499
REPRESENTED BY:
RESTRICTED FUNDS			5,346		4,910
UNRESTRICTED FUNDS
General funds		7,586,012		7,172,815
Designated funda		28,673		14,674
					7,187,489
					7,192,399

	Notes	2022		2D21
FIXEDASSETS
Tangibie Assets		10,363,358		10,362,556
Investments		194,325		2i6,119
			10,557,683		10,578,675
CURRENTASSETS
Stack		35,655		5.733
Doblors	17	243.805		301,796
Cash at bank and in hand		1,002,848		1.417,199
		1,285„208		1,724,728
CURRF NT LIABILITIES
Creditors due within one year	18	1,382„003		1,541,404
NET CURRENT ASSETS			78,795		83,324
TOTAL ASSETSLESSCURRENT ASSETS					10,661.999
LONG TERM LIABILITIES
Creditors due after one year	19		2,861,365		3,489,865
NETCURRENT ASSETSfiLIABILITIESj			7„619,523		7,192,134
REPRESENTED BV:	26
RESTRICTED FUNDS
UNRESTRICTED FUNDS
Cenera1 keCk		7,585,504		7,172,550
Designated funCk		28,673		14,674
			7,614,177		7,187.224
			7,619,523		7,192,134

				Notes	2022		2021
Cash flows from operating activities:
Net income/expenditure for the	year				427,632		619,036
Adjustments for:
Depreciation charges				14	441,237		411,303
Goodwill amortisation					21,464		21,459
Dividends, interest and rents from investments					(3,543)
Finance charges					107,895		91,818
(Increase)/decrease in stocks					(32,822)		33,701
(Increase)/decrease in debtors				17	57,991		(201,392)
Increase/(decrease) in creditors				18,19	(461,716)
Net cash provided by operating	activities					558,138		832,731
Cash flows from investing activities:
Dividends, interest and rents from investments				8	3,543
Finance charges					(107,895)		(91,818)
Purchase oftangible fixed assets
Net cash used in investing activities						(546,304)		(719,197)
Cash flows from financing activities:
New finance leases					19,094		19,094
Capital element of hire purchase	and finance leases				(37,036)		(19,037)
Repayments of borrowing							(279,144)
Net cash provided by financing	activities					(426,185)		(279,087)
Change in cash and cash equivalents		in the	year			(414,351)		(165,553)
Cash and cash equivalents at the beginning			ofthe year			1,417,199		1,582,752
Cash and cash equivalents at the end		ofthe year				1,002,848		1,417,199
Analysis ofcash and cash equivalents
Cash at bank and in hand						1,002,848		1,417,199
Bank overdraft
Total cash and cash equivalents						1,002,848		1,417,199

Tangible	fixed assets and depreciation	fixed assets and depreciation
Tangible	fixed assets other than freehold		land	are stated at	cost less depreciation.			Depreciation	is	provided		at
rates calculated to write		offthe cost less	estimated residual		value ofeach asset over its expected					useful	life	as
follows:
Freehold	land is not depreciated
Freehold	buildings			2% straight		line
Leasehold	buildings			2% straight		line
Fixtures,	fittings and equipment			10%and 25%straight			line
(including	ITequipment	at 25% straight	line)
Motor vehicles				25% straight		line
Leasehold	improvements			5%straight		line

			DESIGNATED	RESTRICTED	TOTAL	TOTAL
					2022	2021
					6	F
Donations			43,299	5,050	48,349	37,954
Furlough	grants	(CJRS)				41,158
			43,299	5,050	48,349	79,112

7	INCOME FROM OTHER	TRADING	ACTIVITIES
		UNRESTRICTED		DESIGNATED	RESTRICTED	TOTAL	TOTAL
						2022	2021
						F	f.
	Lettings income		45,500			45,500	40,199
	Rental income		82,193			82,193	83,840
			127,693			127693	124039
8	INCOME FROM INVESTMENTS
		UNRESTRICTED		DESIGNATED	RESTRICTED	TOTAL	TOTAL
						2022	2021
	Interest receivable		3,543			3,543
			3,543			3,543

						TOTAL	TOTAL
						2022	2021
							6
	Gross school fees					7,740,984	7,919,161
	less Covid-19	realignment					(226,560)
	less bursaries	and allowances				(477,825)	(638,528)
	Net school fees					7,263,159	7,054,073
	Add:
	Registration fees					20,505	17,823
	Extras income					154,399	44,105
	Learning support		income			5,706	17,782
	Other ancillary	income				195,133	38,397
						7,638,902	7,172,180
10	OTHER INCOME
						TOTAL	TOTAL
						2022	2021
							F
	Sundry income (including			insurance	claims)	18,207	109,445

ANALYSIS OF EXPENDITURE	ANALYSIS OF EXPENDITURE
		Staff	Depreciation	Other	Total	Total
		Costs		costs	2022	2021
		6			8	6
Cost of raising funds:
Financing costs				107,895	107,895	91,818
Total cost ofraising funds				107,895	107,895	91,818
Charitable expenditure:
Education
Teaching		3,927,367	200,206	459,790	4,587,363	4,155,721
Welfare		135,262		529,594	664,856	657,538
Premises		260,881	230,852	598,259	1,089,992	992,188
Support and governance		538,651	21,464	398,841	958,956	968,475
Total charitable expenditure		4,862,161	452,522	1,986,484	7,301,167	6,773,922
Total expenditure		4,862,161	452,522	2,094,379	7,409,062	6,865,740
Analysis ofsupport and governance costs:					2022	2021
					6
Governance costs:
Auditors' remuneration	for audit services				12,960	11,900
Support staff wages relating to governance					11,806	14,654
Total governance costs					24,766	26,554
Support costs:
Auditors' remuneration	for non audit services					4,060
Legal and professional	fees relating to support				52,903	39,273
Support staff wages, national insurance		and pension			538,651	570,787
Other support costs					342,636	327,801
					958,956	968,475

		2022	2021
		Number	Number
Teaching		78	75
Welfare		4	11
Premises		8	7
Administration		13	14
		103	107
The aggregate	payroll costs for the year were as follows:
		2022f	2021 F.
Wages and salaries		3,897,640	3,700,502
Social security	costs	364,615	336,689
Pension costs		599,906	617,011
		4,862,161	4,654,202

2022	2021
Number	Number

Information. In 202	2 the	re ar	e 9	employees (202	1:8employees).
							2022	2021
							8	8
Aggregate employee benefits			of	key management	personnel		830,465	740,375
(including employer	pension		and	Nl contributions)
COMPARATIVE STATEMENT OF FINANCIAL					ACTIVITIES -31	AUGUST 2021
					Unrestricted	Designated	Restricted	Total
					Funds	Funds	Funds	2021
							6
INCOME FROM:
Donations and legacies					51,743	23,724	3,645	79,112
Other trading activities					124,039			124,039
Charitable activities					7,172,180			7,172,180
Other income					109,445			109,445
Total income					7,457,407	23,724	3,645	7,484,776
EXPENDITURE ON:
Raising funds					91,818			91,818
Charitable activities					6,757,918	10,452	5,552	6,773,922
Total expenditure					6,849,736	10,452	5,552	6,865,740
Net income/(expenditure)					607,671	13,272	(1,907)	619,036
Transfers between	funds				1,422	(941)	(481)
Net movement in	funds				609,093	12,331	(2,388)	619,036
Fund balances brought		forward			6,563,722	2,343	7,298	6,573,363
Fund balances carried		forward			7,172,815	14,674	4,910	7,192,399

TANGIBLE FIXEDASSETS - GROUP
	Freehold	Short	Fixtures,	Motor	Total
	Property	Leasehold	Fittings &	vehicles
		Property	Equipment
		6
Cost
At 1 September 2021	687,285	10,940,882	1,917,984	92,047	13,638,198
Additions	141,541	238,285	62,126		441,952
Disposals		(10,179)			(10,179
At 31 August 2022	828,826	11,168,988	1,980,110	92,047	14,069,971
Depreciation
At 1 September 2021	80,331	1,916,427	1,210,275	66,870	3,273,903
Charge for year	11,551	229,480	184,257	15,949	441,237
Eliminated on disposal		10,179)			10,179
At 31 August 2022	91,882	2,135,728	1,394,532	82,819	3,704,961
Net Book Value
At 31 August 2022	736,944	9,033,260	585,578	9,228	10,365,010
At 1 September 2021	606,954	9,024,455	707,709	25,177	10,364,295
TANGIBLE FIXEDASSETS - SCHOOL
	Freehold	Short	Fixtures,	Motor	Total
	Property	Leasehold	Fittings &	vehicles
		Property 6	Equipment f
Cost
At 1 September 2021	687,285	10,935,432	1,917,984	92,047	13,632,748
Additions	141,541	238,285	62,126		441,952
Disposals		(10,179)			(10,179)
At 31 August 2022	828,826	11,163,538	1,980,110	92,047	14,064,521
Depreciation
At I September 2021	80,331	1,912,716	1,210,275	66,870	3,270,192
Charge for year	11,551	229,393	184,257	15,949	441,150
Eliminated on disposal		(10,179)			(10,179
At 31 August 2022	91,882	2,131,930	1,394,532	82,819	3,701,163
Net Book Value
At 31 August 2022	736,944	9,031,608	585,578	9,228	10,363,358
At 1 September 2021	606,954	9,022,716	707,709	25,177	10,362,556
ASSETS ON FINANCE LEASES AND HIRE PURCHASE - GROUP AND		SCHOOL (included above)

INVESTIIIIE	NTS IN SUBSIDIARIES
		2022
		6
Cost
At 1 September 2021 and 31 August 2022		317,822
Impairment
At 1 September 2021		101,703
Impairment	in year	21,794
At 31 August	2022	123,497
Net book value
At 31 August	2022	194,325
At 1 September 2021		216,119

	(purchased 19December	201	6)
					2022
	Summary trading results:
	Turnover				63,500
	Administrative expenses				(63,587)
	Net profit/(loss)				(87)
	Summary balance sheet:
	Fixed assets				1,652
	Current assets
	Creditors falling due within one year
	Net assets				1„652
	Aggregate share capital and reserves				1,652
	Contribution by parent company			2022	2021
	The parent charity contribution		to the results for the year is as follows:
	Income			7,836,694	7,484,776
	Expenditure			(7,409,305)	(6,865,979)
	Net income/(expenditure)	for the year		427,389	618,797
16	GOODWILL ON CONSOLIDATION
	Cost				6
	At 1 September 2021 and	31 August 2022			314,891
	Amortisation
	At 1 September 2021				100,246
	Amortisation for year				21,464
	At 31 August 2022				121,710
	Net Book Value
	At 31August 2022				193,181
	At 1 September 2021				214,645

OR	THE YEAR ENDE	D 31AUGUST 2022
17	DEBTORS		Group		School
			2022 6	2021f	2022	2021
	Fee debtors		106,250	170,924	106,250	170,924
	Prepayments and accrued income		123,367	113,551	123,367	113,551
	Other debtors		14,188	17,321	14,188	17,321
			243,805	301,796	243,805	301,796
18	CREDITORS: due within one year		Group		School
			2022	2021	2022	2021
			K		6	6
	Bank loans and overdrafts		473,669	473,669	473,669	473,669
	Finance leases and hire purchase		14,870	22,464	14,870	22,464
	Trade creditors		29,124	80,169	29,124	80,169
	Accruals		59,909	144,203	59,909	144,203
	Feesin Advance		327,836	416,256	327,836	416,256
	Advance fee payment	scheme	288,878	368,051	288,878	368,051
	Deposits		44,000	44,100	44,000	44,100
	Other creditors		21,321		21,321
	Other taxes and social	security	102,396	92,492	102,396	92,492
			1,362,003	1,641,404	1,362,003	1,641,404

CREDITORS: due after one year	Group		School
	2022	2021	2022	2021
	F
Bankloans	2,539,365	2,947,608	2,539,365	2,947,608
Finance leases and hire purchase		10,348		10,348
Advance fee payment scheme		167,409		167,409
Deposits		344,500		344,500
	2,861,365	3,469,865	2,861,365	3,469,865

Governors					Mr C H J Clayden (Chair)	Mr C H J Clayden (Chair)	(appointed 06 December	(appointed 06 December
					2022)
					Mr P A Kendall (Deputy Chair)
					Mr ISElliott (resigned 06 December 2022)
					Mr D G Emkes
					Ms AJ Godfrey
					Dr LA Johnson (resigned		05 April 2022)
					Mr C E Lilley
					Mrs S O' Sullivan
					Mr AJ Robson
					Mr I A Sheldon
					Mr J LStevens
					Mr JW Tweddle
					Mr D A EWilliams
					Mr Z Khawaja (appointed		08 December 2021)
Key Management		Personnel
				Head	Ms L McDonald (resigned		31 July 2022)
			interim	Head	Mr RJP Stabley (01	July 2022		to 31 Dec2022)
		Senior	Deputy	Head	Ms J Leighton
	Bursar	8 Company Secretary			Mrs G P Dippenaar	(appointed		1 Nov 2021)
	Deputy Head Academic				Ms L E O'Hare
		Deputy Head Pastoral			Mrs A T Caldwell (resigned 31August 2022)
		Head of Pre		Prep	Mrs G A Emmerson	(resigned		31 August 2022)
		Head of Upper School			Ms A M Warren
		Head ofLower		Prep	Mrs S Robinson
	Head of Digital Learning				Mr I Kay
Charity Number					311054
Company	Number				947085
Registered	Office	&Principal Address			Edge Grove School
					Aldenham Village
					Watford
					Hertfordshire
					WD25 8NL
Auditors					Taylor Cocks LLP
					The Courtyard
					Shoreham Road
					Upper Beeding, Steyning
					West Sussex BN44 3TN
Bankers					Barclays Bank Pic
					11 Bank Court, Marlowes,
					Hemel Hempstead,
					Herffordshire HP11	1BX

				Page
Governors'	Report (incorporating		the Strategic Report)	1-12
Statement of Governors'		Responsibilities		13
Auditor's Report				14-16
Consolidated	Statement	of Financial Activities		17
Consolidated	Balance Sheet			18
School Balance Sheet
Consolidated	Cash Flow	Statement		20
Notes to the	Financial Statements			21-33

			Notes	Unrestricted	Designated	Restricted	Total	Total
				Funds	Funds	Funds	2022	2021
				6	6	6	6	6
INCOME FROM:
Donations, grants and legacies			6		43,299	5,050	48,349	79,112
Other trading activities			7	127,693			127,693	124,039
Investments			8	3,543			3,543
Charitable activities			9	7,638,902			7,638,902	7,172,180
Other income			10	18,207			18207	109,445
Total income				7,788,345	43,299	5,050	7,836,694	7,484,776
EXPENDITURE ON:
Raising funds				107,895			107,895	91,818
Charitable activities				7,267,253	29,300	4,614	7,301,167	6,773,922
Total expenditure				7,375,148	29,300	4,614	7,409,062	6,865,740
Net income				413,197	13,999	436	427,632	619,036
Transfers between	funds		26
Net movement in	funds			413,197	13,999	436	427,632	619,036
Fund balances brought		forward	26	7,172,815	14,674	4,910	7,192,399	6,573,363
Fund balances carried		forward	26	7,586,012	28,673	5,346	7,620,031	7,192,399

	Notes	2022		2021
FIXEDASSETS
Tangible assets	14	10.365.010		10,364,295
Intangrble annals - goodeill	18	193.181		214,545
			10,558,191		10,578,940
CURRENT ASSETS
Stock		38,555		5.733
Debtors	'IF	244,805		301,796
Cash at bank and in hand		1.002,848		1,417,199
		1,285408		1,724,129
CURRENT LIABIUTIES
Creditors due wimin one year		1,362,093		1,64'!,404
NET CURRENT ASSETSI{LIABILITIES)			{76,795)		83,324
TOTAL ASSETS LESSCURRENT ASSETS			10,481,396		10,662,264
LONG TER)S LIABILITIES
Creditors due after ona year			2,861,365
NET ASSETS			7,620,031
REPRESENTED BY:
RESTRICTED FUNDS			5,346		4,910
UNRESTRICTED FUNDS
General funds		7,586,012		7,172,815
Designated funda		28,673		14,674
					7,187,489
					7,192,399

	Notes	2022		2D21
FIXEDASSETS
Tangibie Assets		10,363,358		10,362,556
Investments		194,325		2i6,119
			10,557,683		10,578,675
CURRENTASSETS
Stack		35,655		5.733
Doblors	17	243.805		301,796
Cash at bank and in hand		1,002,648		1.417,199
		1,285„208		1,724,728
CURRF NT LIABILITIES
Creditors due within one year	18	1,382„003		1,541,404
NET CURRENT ASSETS			78,795		83,324
TOTAL ASSETSLESSCURRENT ASSETS			10,480,588		10,661.999
LONG TERM LIABILITIES
Creditors due after one year	19		2,861,365		3,469,865
NETCURRENT ASSETSfiLIABILITIESj			7„619,523		7,192,134
REPRESENTED BV:	26
RESTRICTED FUNDS
UNRESTRICTED FUNDS
Cenera1 keCk		7,585,504		7,172,550
Designated funCk		28,673		14,674
			7,614,177		7,187.224
			7,619,523		7,192,134

				Notes	2022		2021
Cash flows from operating activities:
Net income/expenditure for the	year				427,632		619,036
Adjustments for:
Depreciation charges				14	441,237		411,303
Goodwill amortisation					21,464		21,459
Dividends, interest and rents from investments					(3,543)
Finance charges					107,895		91,818
(Increase)/decrease in stocks					(32,822)		33,701
(Increase)/decrease in debtors				17	57,991		(201,392)
Increase/(decrease) in creditors				18,19	(461,716)
Net cash provided by operating	activities					558,138		832,731
Cash flows from investing activities:
Dividends, interest and rents from investments				8	3,543
Finance charges					(107,895)		(91,818)
Purchase oftangible fixed assets
Net cash used in investing activities						(546,304)		(719,197)
Cash flows from financing activities:
New finance leases					19,094		19,094
Capital element of hire purchase	and finance leases				(37,036)		(19,037)
Repayments of borrowing							(279,144)
Net cash provided by financing	activities					(426,185)		(279,087)
Change in cash and cash equivalents		in the	year			(414,351)		(165,553)
Cash and cash equivalents at the beginning			ofthe year			1,417,199		1,582,752
Cash and cash equivalents at the end		ofthe year				1,002,848		1,417,199
Analysis ofcash and cash equivalents
Cash at bank and in hand						1,002,848		1,417,199
Bank overdraft
Total cash and cash equivalents						1,002,848		1,417,199

Tangible	fixed assets and depreciation	fixed assets and depreciation
Tangible	fixed assets other than freehold		land	are stated at	cost less depreciation.			Depreciation	is	provided		at
rates calculated to write		offthe cost less	estimated residual		value ofeach asset over its expected					useful	life	as
follows:
Freehold	land is not depreciated
Freehold	buildings			2% straight		line
Leasehold	buildings			2% straight		line
Fixtures,	fittings and equipment			10%and 25%straight			line
(including	ITequipment	at 25% straight	line)
Motor vehicles				25% straight		line
Leasehold	improvements			5%straight		line

			DESIGNATED	RESTRICTED	TOTAL	TOTAL
					2022	2021
					6	F
Donations			43,299	5,050	48,349	37,954
Furlough	grants	(CJRS)				41,158
			43,299	5,050	48,349	79,112

7	INCOME FROM OTHER	TRADING	ACTIVITIES
		UNRESTRICTED		DESIGNATED	RESTRICTED	TOTAL	TOTAL
						2022	2021
						F	f.
	Lettings income		45,500			45,500	40,199
	Rental income		82,193			82,193	83,840
			127,693			127693	124039
8	INCOME FROM INVESTMENTS
		UNRESTRICTED		DESIGNATED	RESTRICTED	TOTAL	TOTAL
						2022	2021
	Interest receivable		3,543			3,543
			3,543			3,543

						TOTAL	TOTAL
						2022	2021
							6
	Gross school fees					7,740,984	7,919,161
	less Covid-19	realignment					(226,560)
	less bursaries	and allowances				(477,825)	(638,528)
	Net school fees					7,263,159	7,054,073
	Add:
	Registration fees					20,505	17,823
	Extras income					154,399	44,105
	Learning support		income			5,706	17,782
	Other ancillary	income				195,133	38,397
						7,638,902	7,172,180
10	OTHER INCOME
						TOTAL	TOTAL
						2022	2021
							F
	Sundry income (including			insurance	claims)	18,207	109,445

ANALYSIS OF EXPENDITURE	ANALYSIS OF EXPENDITURE
		Staff	Depreciation	Other	Total	Total
		Costs		costs	2022	2021
		6			8	6
Cost of raising funds:
Financing costs				107,895	107,895	91,818
Total cost ofraising funds				107,895	107,895	91,818
Charitable expenditure:
Education
Teaching		3,927,367	200,206	459,790	4,587,363	4,155,721
Welfare		135,262		529,594	664,856	657,538
Premises		260,881	230,852	598,259	1,089,992	992,188
Support and governance		538,651	21,464	398,841	958,956	968,475
Total charitable expenditure		4,862,161	452,522	1,986,484	7,301,167	6,773,922
Total expenditure		4,862,161	452,522	2,094,379	7,409,062	6,865,740
Analysis ofsupport and governance costs:					2022	2021
					6
Governance costs:
Auditors' remuneration	for audit services				12,960	11,900
Support staff wages relating to governance					11,806	14,654
Total governance costs					24,766	26,554
Support costs:
Auditors' remuneration	for non audit services					4,060
Legal and professional	fees relating to support				52,903	39,273
Support staff wages, national insurance		and pension			538,651	570,787
Other support costs					342,636	327,801
					958,956	968,475

		2022	2021
		Number	Number
Teaching		78	75
Welfare		4	11
Premises		8	7
Administration		13	14
		103	107
The aggregate	payroll costs for the year were as follows:
		2022f	2021 F.
Wages and salaries		3,897,640	3,700,502
Social security	costs	364,615	336,689
Pension costs		599,906	617,011
		4,862,161	4,654,202

2022	2021
Number	Number

Information. In 202	2 the	re ar	e 9	employees (202	1:8employees).
							2022	2021
							8	8
Aggregate employee benefits			of	key management	personnel		830,465	740,375
(including employer	pension		and	Nl contributions)
COMPARATIVE STATEMENT OF FINANCIAL					ACTIVITIES -31	AUGUST 2021
					Unrestricted	Designated	Restricted	Total
					Funds	Funds	Funds	2021
							6
INCOME FROM:
Donations and legacies					51,743	23,724	3,645	79,112
Other trading activities					124,039			124,039
Charitable activities					7,172,180			7,172,180
Other income					109,445			109,445
Total income					7,457,407	23,724	3,645	7,484,776
EXPENDITURE ON:
Raising funds					91,818			91,818
Charitable activities					6,757,918	10,452	5,552	6,773,922
Total expenditure					6,849,736	10,452	5,552	6,865,740
Net income/(expenditure)					607,671	13,272	(1,907)	619,036
Transfers between	funds				1,422	(941)	(481)
Net movement in	funds				609,093	12,331	(2,388)	619,036
Fund balances brought		forward			6,563,722	2,343	7,298	6,573,363
Fund balances carried		forward			7,172,815	14,674	4,910	7,192,399

TANGIBLE FIXEDASSETS - GROUP
	Freehold	Short	Fixtures,	Motor	Total
	Property	Leasehold	Fittings &	vehicles
		Property	Equipment
		6
Cost
At 1 September 2021	687,285	10,940,882	1,917,984	92,047	13,638,198
Additions	141,541	238,285	62,126		441,952
Disposals		(10,179)			(10,179
At 31 August 2022	828,826	11,168,988	1,980,110	92,047	14,069,971
Depreciation
At 1 September 2021	80,331	1,916,427	1,210,275	66,870	3,273,903
Charge for year	11,551	229,480	184,257	15,949	441,237
Eliminated on disposal		10,179)			10,179
At 31 August 2022	91,882	2,135,728	1,394,532	82,819	3,704,961
Net Book Value
At 31 August 2022	736,944	9,033,260	585,578	9,228	10,365,010
At 1 September 2021	606,954	9,024,455	707,709	25,177	10,364,295
TANGIBLE FIXEDASSETS - SCHOOL
	Freehold	Short	Fixtures,	Motor	Total
	Property	Leasehold	Fittings &	vehicles
		Property 6	Equipment f
Cost
At 1 September 2021	687,285	10,935,432	1,917,984	92,047	13,632,748
Additions	141,541	238,285	62,126		441,952
Disposals		(10,179)			(10,179)
At 31 August 2022	828,826	11,163,538	1,980,110	92,047	14,064,521
Depreciation
At I September 2021	80,331	1,912,716	1,210,275	66,870	3,270,192
Charge for year	11,551	229,393	184,257	15,949	441,150
Eliminated on disposal		(10,179)			(10,179
At 31 August 2022	91,882	2,131,930	1,394,532	82,819	3,701,163
Net Book Value
At 31 August 2022	736,944	9,031,608	585,578	9,228	10,363,358
At 1 September 2021	606,954	9,022,716	707,709	25,177	10,362,556
ASSETS ON FINANCE LEASES AND HIRE PURCHASE - GROUP AND		SCHOOL (included above)

INVESTIIIIE	NTS IN SUBSIDIARIES
		2022
		6
Cost
At 1 September 2021 and 31 August 2022		317,822
Impairment
At 1 September 2021		101,703
Impairment	in year	21,794
At 31 August	2022	123,497
Net book value
At 31 August	2022	194,325
At 1 September 2021		216,119

	(purchased 19December	201	6)
					2022
	Summary trading results:
	Turnover				63,500
	Administrative expenses				(63,587)
	Net profit/(loss)				(87)
	Summary balance sheet:
	Fixed assets				1,652
	Current assets
	Creditors falling due within one year
	Net assets				1„652
	Aggregate share capital and reserves				1,652
	Contribution by parent company			2022	2021
	The parent charity contribution		to the results for the year is as follows:
	Income			7,836,694	7,484,776
	Expenditure			(7,409,305)	(6,865,979)
	Net income/(expenditure)	for the year		427,389	618,797
16	GOODWILL ON CONSOLIDATION
	Cost				6
	At 1 September 2021 and	31 August 2022			314,891
	Amortisation
	At 1 September 2021				100,246
	Amortisation for year				21,464
	At 31 August 2022				121,710
	Net Book Value
	At 31August 2022				193,181
	At 1 September 2021				214,645

OR	THE YEAR ENDE	D 31AUGUST 2022
17	DEBTORS		Group		School
			2022 6	2021f	2022	2021
	Fee debtors		106,250	170,924	106,250	170,924
	Prepayments and accrued income		123,367	113,551	123,367	113,551
	Other debtors		14,188	17,321	14,188	17,321
			243,805	301,796	243,805	301,796
18	CREDITORS: due within one year		Group		School
			2022	2021	2022	2021
			K		6	6
	Bank loans and overdrafts		473,669	473,669	473,669	473,669
	Finance leases and hire purchase		14,870	22,464	14,870	22,464
	Trade creditors		29,124	80,169	29,124	80,169
	Accruals		59,909	144,203	59,909	144,203
	Feesin Advance		327,836	416,256	327,836	416,256
	Advance fee payment	scheme	288,878	368,051	288,878	368,051
	Deposits		44,000	44,100	44,000	44,100
	Other creditors		21,321		21,321
	Other taxes and social	security	102,396	92,492	102,396	92,492
			1,362,003	1,641,404	1,362,003	1,641,404

CREDITORS: due after one year	Group		School
	2022	2021	2022	2021
	F
Bankloans	2,539,365	2,947,608	2,539,365	2,947,608
Finance leases and hire purchase		10,348		10,348
Advance fee payment scheme		167,409		167,409
Deposits		344,500		344,500
	2,861,365	3,469,865	2,861,365	3,469,865

1.introduction and Coverage			1-2
2.independence
3.Qualitative Aspects ofAccounting	Practices and Financial Reporting
4.Audit and Accounting Issues Identified		During the Audit
5.Audit Misstatements
Appendix i Letter of Representation			7-9
Appendix ii Financial Performance	Report		10—12

osed in accordance	with the applicable acco	unting fra	mework (SORP 2015 —
Party	Relationship		Nature oftransaction
I A Sheldon	Governor		None
P A Kendall	Governor/Director	ofSub	None
C H J Clayden	Governor		None
A JGodfrey	Governor		None
C E Lilley	Governor		None
AJ Robson	Governor		None
J LStevens	Governor		None
2 M Khawaja	Governor		None
JW Tweddle	Governor		None
I SElliott	Governor		None
S O' Sullivan	Governor		None
D A EWilliams	Governor		None
D G Emkes	Governor		None

ults are signigcantly outside al expectations (although	ults are signigcantly outside al expectations (although
e may be genuine reasons COVID-19)		RRRE
		7,740,984	7,919,161	7,923,403	7,401,384
		(477,825)	(865,088)	(1,279,208)	(563497)
		7,263,159	7,054,073	6,644,195	6,837,487
		37S,743	118,107	138,942	192,597
		IE	6%
		7,409,062	6,865,740	6,742,239	6,621,072
		3,927,367	3,627,259	3,828,968	3,541,460
		78	75	77	75
		50351	48,363	II@PS@47,219
		'8%	(5%}
~	~
		3~1,695	3,238,481	2,913,271	3,079,612
			g	(SX)
			13,103	12,842