| Page | |||||
|---|---|---|---|---|---|
| Governors, Olncers and Advisers |
|||||
| Annual | Report ofthe | Governors | |||
| Directors' Report | |||||
| Strategic Report | |||||
| Statement ofAccounting | and Reporting | Responsibilities | 18 | ||
| Independent Auditor's |
Report | ||||
| Statement ofFinancial | Activities | 23 | |||
| Balance sheet | 24 | ||||
| Cash | Flow statement | 25 | |||
| Notes | to the Financial | Statements |
| OFFICERS | ||||
|---|---|---|---|---|
| Headmaster. | Mr PJSymes BSc(Hons), | P.G C.E | ||
| Bursar: | Major (retd) | ISMcLaughlin | MSc, CMgr FCMI | |
| PROFESSIONAL ADVISERS | ||||
| Bankers: | Barclays Bank PLC | |||
| West Hertfordshire | Business Banking Team | |||
| PO Box87 | ||||
| 22-24 Upper | Marlborough | Road | ||
| StAlbans | ||||
| Hertfordshire | ||||
| AL1 3HJ | ||||
| Auditors: | Moore Igngston Smith LLP |
|||
| Devonshire | House | |||
| 60Goswell | Road | |||
| London | ||||
| EC1M 7AD |
| This | year | our Year 8 Leavers | are heading tothe following schools: |
|---|---|---|---|
| StAlbans | 14 | ||
| Bedford | 13 | ||
| St Columba's | 8 | ||
| Dean Close | 1 | ||
| Bredon College | 1 | ||
| Oundle | 1 | ||
| Eaton | 1 |
| Ursesbidad I |
||||
|---|---|---|---|---|
| Designalad | Total | |||
| funds | 2021 | |||
| 5 | ||||
| INCONE FRCmr | ||||
| Chslsble acgvities | ||||
| School fees Other sducabanal home Other imame Other trading income l~ |
5,740,981 | 5,434,916 4',453 |
||
| Inveslment Income |
2,289 | |||
| Vobaltsry sources | ||||
| Grants Bnd dcnabons | 37,903 | |||
| Total arsenal snd ondawrnerds | ||||
| EXPENOITURE ON: | ||||
| Cosh' afraimng funds | ||||
| bdeIBSI Bnd other oasis | 34,162 | 18,593 | ||
| Chadlable acgvities | ||||
| Educalion | 5.934.176 | 5,934,176 | 5,609,997 | |
| Net operating incormd(espendibae) |
364,389 | 39A389 | 268,189 | |
| Giber Profit ar Loss on sale af assehypmperty | 25 | 25 | ||
| Not Ihcmlsf(ofipsadrbas) | 12 | 364,414 | 36rtafd | 268,189 |
| Nst amvoslwlt Isfunds |
364.414 | 354rsf4 | ||
| Fund balances brought formud | 17 | |||
| Fund balances cwrled farwwd | 18 |
| FIXEDASSEIS | ||||
|---|---|---|---|---|
| Tang8de assets | 13 | 9448,355 | ||
| 1A262~ | 9,248.355 | |||
| CURRENT ASSETS | ||||
| Detdem | 14 | 231A74 | 237,714 | |
| Cash at bank and h hand | 1,710,34) | 1,923,871 | ||
| 1,942316 | 2,161,585 | |||
| CREDITORS:Amounts | fa8ing due sdlhin one year | 15 | P,952,771) | (1,333,910) |
| NET CURRENT ASSETS | 010r455 | 827.675 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 10~1,7$7 | I0,076,030 | ||
| CREDITORS: Amounts | Ming due afhn more gum ane year | (589A07) | (778,262) | |
| FUNDS | ||||
| Un eshioted funds- general | 17 | 9,6ri2,1$0 | 9,297.768 | |
| 9.297,768 |
| I ACCOUNTING POLICIES |
|---|
| Aldwickbury School Trust Limfied isa company limited by guarantee wrlh registered number 950339,incorporated and domiciled in England and Wales. Its |
| registered offirm w Aldwickbury School, Whealhampstead Road, Harpenden, AL5 IAD. |
| 1.1 BASISOF PREPARATION |
| The financial statements have been prepared in accordance with fire Firmncial Reporbng Standard applicable in the UK and Republic of Ireland (FRS102). The Chanlable Company isa pubkc benefit antsy forthe purposes ofFRS102and therefore the chanty also prepared its hnsncial statements in acmrdance with Ihe Statement ofRecommended Pracbce applicable to charees preparing their accounts in accordance with the Financml Reporting Standard applicable in the UK and Republic of Ireland (The FRS102Chemise SORP), the Companies Act 2006 and gm Charifies Act 2011. |
| The financial statements are prepared in sterling, which w the fundmnal currency ofthe charity Monetary amounts in lhasa Iinancial statements are rounded |
| to fim nearest pound |
| Going Concern and srgnrficant eslimates and ludgements |
| In recognising their duties under dre terms ofSORP para 1.23 and para 3 38the Govemom understand thai fimy must continue to assess Ihe school as a grwlg concern and where there are uncerlainbes, gmy must provide their explanation. In achieving this fim Governors now mandate that they wifi discuss dm school as a going concern as each finance and general purpose meeting and make recommendations lothe fug board accordingly. |
| In assessing lhe going concern assumptions fim Governors take into account ag available informabon about the future dmt will affect the way in which the school will be able to maintain ds level ofincome and ils operabonal capability whilst remainkrg compebbve against its peers This includes but is not limited |
| to;.Reviewing the cash flow propcbon ofa rolling 18month period fiom the date ofthe finance and general purpose meeting, |
| Review of pupil numbers and future fmecasts, |
| ~ Siaffing review to meet pupil numbers, |
| .Revww ofthe spending strategy and budget selbng, |
| -Assess the pandemic challenges and future areas ofconcern that may impact the school's operabonal abrtay, (finanmagy and academically), |
| The Governors continuafiy review the school's atxlny to meet ds fimd costs and have penodrcally formed working groups such as the pensions working Group, to assam and anslyse specific togas such as the Teachers Pension Scheme affordability. Where pupil numbers fafi, the Gavemors expect and allow Ihe headmaster to make staffing adjustmenis accordingly. Throughout the COVID 19pandemic, Aldwickbury have acfively chosen not to recruit 'mto vacant |
| posts and make eslructunng decismns to maximise on the potential savings whilst maintaining Ihe academic outpuL Firwgy, in recognising the requimment to make smarter spending derxsions, the Governors have allowed management decismns that ofier greater fiexibilily in the financial immmdments the school makes The has been demonstrated in the decision to bnng catering back isvhouseL which has ensured that the school isable to meet the pace ofthe |
| catering restnclmns in mopening the school. |
| In the view ofthe Governors, no assumpt'mns concerning the future or esbmation uncertainty aliecting assets or lmbilities at the balance sheet date are likely to result in a material adjustment to their canying amounts in the next financial year, nar mg aeffect the school's ability to meet its ongoing obligations forthe |
| following 12months fram the date these accounts have been signed. |
| The fogowing accounting policws have been applied consistendy in dealing wnh ferns which are considered matenal in relafion to the School's finanmal |
| statements |
| IM COMPANY LIMITED BYGUARANTEE |
| The School isa Public Benefit Enbiy registered as a charity in England and Wales (charit nmnber 311059)and a company limned by guarantee (company |
| number. 950339). |
| 1.3 FIXEDASSETS |
| Depreciation Depredalion is provkled on ag tangible fixed assets, other than freehokl land, at rates calculated to write off the costs tees estimated residual value of each |
| asseL by equal annual inslalmenls, over dmir expecled useful Iwee which are considenxl to be. |
| Assets cosbng h excess ofEi 000are capdalwed. |
| Freehold buiklings and |
| Furniture, fixtures and equipment |
| Computer equipment |
| Finance Coals |
| Finance Costs incurred whmh are diredly atbibulable tothe construclmn of fixed assets are capilalised over fire period ofconslructmn and depreciated in the |
| Statement of Frnanctal Activities over the useful liN ofdm asset. |
| f4 | VALUE ADDED TAX | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value added lax is not recovwable and isthersfme induded fffie expenses towhich itrefftes. |
|||||||||||||
| 1.5 | DONATIONS | ||||||||||||
| Oonsbons received for the general purpcee offfe school are merited to the schoofs general |
fund. Donations |
subject le specific | wishes ofthe Donors are | ||||||||||
| carried toamlsvant aeffcted fund. | |||||||||||||
| 1.6 | INCOMING RESOURCES | ||||||||||||
| Afi incoming resources are induded in the Statement of Financial cfiviTies ISOFA) when |
the | school is legsfiy enffled to the income | and | the amount | can | be | |||||||
| quanliTied with reasonable accuracy. |
|||||||||||||
| school Fees get have been received prior to fim year end, and which reffte toacdvffes |
in subsequent | years. are sealed as deferred | income m the | year | of | ||||||||
| reoeipt ard are released in the relevant pariad thereafiar. |
|||||||||||||
| 1.7 | RESOURCES EXPENDED | ||||||||||||
| Afi expenditure is accounlsd for on sn acdusls basis and has been dsssified under headings |
that aggregate afi costs related to the |
category. Whee coals |
|||||||||||
| cannot be dbedly sfftbuled to parlicuffr headings they have been afiocalsd to adiviTies on a percentage |
basis consistent with use |
of | the | resources. | |||||||||
| Casts ofraising funds are gmse aeurred in seeking vomnlary conbibutions and do not indude |
me mals | ofdffseminating information |
in support ofthe | ||||||||||
| chadsble acbvffes. Direct costs rskrm tosffffcasts ard are afiribulabls to spscilic acfivffes. |
Support casts ars those costs incumd | in srqqeri of | |||||||||||
| expenditure on the objeds offim school. Governance costs am fitose incurred in connecfion |
with govemirg ofge school ard compliance | with mnstilulional | |||||||||||
| and slabriory requirements. | |||||||||||||
| 14 | FINANCIAL INSTRUMENTS | ||||||||||||
| Basic financial instruments are inffspy recognbed at bsnsacbon value and subsequen5y measured st amorlised |
with the excepfion | of | i | eslments | which am | ||||||||
| hald at fair vakm. Fumncial assets hald at amor6sed cost comprise cash at bank and in |
hand, together | with bade and other deblxxs. Cash at bank | and | in | |||||||||
| hand is delined as afi cash held in ffslant access bank accounls and used as working capiffl. | Fxmncial liabilibes |
held atamor6sed | mst comprise afi deditors | ||||||||||
| except sodal security and other taxes and provisions. Assets and liabiffies hekl ff foreign cunency are Imnskriad to GBP at the |
balance sheet date at an | ||||||||||||
| approprem year end exchange aris |
|||||||||||||
| 1.0 | PENSION COSTS | ||||||||||||
| The school contrffutes to the Teachers' Pension Scheme on behalf of eligible teaching |
stsfr. The school contributes lowards a |
group personal | pension | ||||||||||
| scheme for the other eligibff employees. The amount chmged to Ihe Statement of Financial Acfivilles |
for afi | schemes is the conuibutkms payable |
in the | ||||||||||
| 1.10 | OPERATING LEASES | ||||||||||||
| Annual renlals are charged bithe Slalemenl ofFinandal Ac6vities on a sbaight line basis |
over the hase | tenn. | |||||||||||
| 1.11 | FUND ACCOUNTING | ||||||||||||
| Where me school receives funds which srs resbided ff their usage, they are disdosed |
as webldad | funds. | The school also earmarks afi funds |
for set | |||||||||
| purposes and these are dassed as designated funds. |
|||||||||||||
| 1.13 | CHARITABLE STATUS | ||||||||||||
| The Company is regislmsd as a chmily, mgisbs6on number 311059,and in consequence |
is | exempt fnim taxation on bxeme arisin | fium and expended | on | |||||||||
| ils charitable activities. |
|||||||||||||
| 1.13 | ACCOUNTING ESTIMATES AND JUDGEMENTS |
||||||||||||
| In me application ofthe accounting policies, Govemms are required lo make judgemenl, estimates, and |
assump6ons about the canying |
value ofassets and | |||||||||||
| liabfffies that are not readily apparent fram other sources. The estimates and undsrlp'ng |
assmnpffms | are based an historical experience and other | fedora | ||||||||||
| that are considmed to be ndevant. Actual resufis may dilfer fram these estimates. |
|||||||||||||
| The esbmates and underlying assumplkxe are reviewed on an an-going basis. Revisions |
to | accounfing | ssfimatss are recognised | in | the | period ff | which the | ||||||
| estimate is revised iythe revision affects only that period, or in the period ofthe revision snd future periods ifthe |
revision affected cunsnt | snd future | penods. | ||||||||||
| Crigcsl judgments | |||||||||||||
| Useful economic fives | |||||||||||||
| The annual depreciation chmge for properly, pffnt and equipment is sensifive to changes |
in | the estimated useful economic lives |
and | residual values | ofthe | ||||||||
| assets. The useful econondc fives and residual values are messessed annually. They are amended when necessary to mfiect aarent esfimstes, |
based | on | |||||||||||
| technoloy'est advancement, folds investments, economic ufilisa5on and the physical condifion of ihe |
assets. | Sse note 13for the | carrying amount |
af0» | |||||||||
| pmferiy, plant and equipment and note 1.3forthe useful economic lives foreach cbes of |
asset. |
| 2 FEEINCOME | ||||
|---|---|---|---|---|
| The Schad's achvi6es are camel aut | within the UIC | |||
| Tne schooth fes income cnartsed | ||||
| Grass fees | QJI6&094 | 5,696,710 | ||
| Lesu DlscoUrus Less: COVID 19discounts |
(12&113) | (153,047) (108,747) |
||
| 5,740,961 | 5434916 | |||
| 3 OTHER EDUCATIONAL | INCOME | |||
| 2021 | ||||
| 5 | ||||
| Exlr8 cuntccerr lessons &wrap8fourld RegutraQCC fees Sundry fees |
cere | 553,995 10,161 2r&402 |
8,464 21,059 |
|
| 5 OTHER TRADING INCOME | ||||
| 2021 | ||||
| 5 | ||||
| Rent and lenngs | ||||
| 6 INVESTMENT INCOEIE | ||||
| 2021 | ||||
| 5 | ||||
| 7 DONATIONS AND GRANTS |
||||
| 2021 | ||||
| 5 | ||||
| Dona5ons and gills Furlough Income |
3,724 34,179 |
|||
| 37,903 |
| (a) | costs ofRasing Funds | costs ofRasing Funds | Stallcosts | Total | ||
|---|---|---|---|---|---|---|
| (me. 9) | Other | Cemedalion | 2022 | |||
| 2 | 2 | r. | ||||
| Felanclllg costs | ||||||
| Total Caser ofRarsrrrg Funds | ||||||
| Chsrbsbls expalldhlrre |
Sisscosts | Total | ||||
| (nob 9) | 2022 | |||||
| 5 | 2 | |||||
| T88chrrl9 | 3,005,810 | 317,048 | BA22,858 | |||
| Welfare | 169,392 | 490J25 | ||||
| r remses and Estates | 197,200 | 539,401 | 391,428 | 1,128,027 | ||
| Ad nislraaon |
512.096 | 453.S15 | 965,911 | |||
| Governance | 27 155 | 27155 | ||||
| Total Charitable | Expendibrre | 4,035,939 | 1,506,811 | 391,426 | ~9~176 | |
| 4.035.939 | 1.540.963 | 391426 | 5,968.328 | |||
| Costs afRaising Funds | Stall costs | Total | ||||
| (note 9) | 2021 | |||||
| 5 | F. | |||||
| Fmancing costs | 18,553 | 18,593 | ||||
| Total Costs ofRslslrl9 Fmlds | IBASS | |||||
| Chmrlablo tolpehdlturs |
Slalfcosts | Total | ||||
| (note 9)f | 2021 2 |
|||||
| T88chlng | 3,091,379 | 141,013 | 3,232,392 | |||
| Welfare | 291,745 | 97,257 | 389,002 | |||
| Premises and Escdes | 212,790 | 453,926 | 1,109,074 | |||
| Adminislrason | 490,903 | 847,339 | ||||
| Governance | 32190 | 32190 | ||||
| Total Chsnlsble | Exp8ndlbrr8 | 4,086,817 | 1,080,822 | 442,358 | 5,609,997 | |
| Tend Expended | 4M6,817 | 1,099415 | 5628.590 |
| 8 | EXPENDITURE | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| (b) | Other Governance Cevns indudel |
2022 6 |
2021 E |
||||||
| .AUdlbss ImlelneiaboA |
tgvelg | 17,760 | |||||||
| -Other AUdduoi IUIAUAereboA |
sdhs | 9,125 | |||||||
| Legal and Professiomd | Fees | ||||||||
| 2021 | |||||||||
| (e) | Adminishadon Cods |
E | |||||||
| Salaries | 441,0NI | 411,980 | |||||||
| National Inmsanoe |
38,237 | 40,215 | |||||||
| Pension Costs | 32,231 | 38,706 | |||||||
| Sbd Training Other Staff Reeried Costs |
14,1TS 0Jes |
11,931 6,977 |
|||||||
| SUbSCep5ons Slalfbevel |
10,059 10rset |
11,503 8,754 |
|||||||
| Opmalmg Leases ITsuppmt Postage and sleooerr Telephones lvhrke$IG snd adverrising Mlsce5aneous - Adminisbabon |
21,140 60.716 30~8 18206 91@44 14,902 |
12,024 26,733 15,592 87,015 12,911 |
|||||||
| Legal snd Professional Fees Other Ad islrslion Costs |
42.067 122270 |
41,800 | |||||||
| 9 | STAFFCOSTS | ||||||||
| Wages aml satwhs Sodsl security costs Othel' pension costs |
3,194,055 208,6$5 3234,066 304.756 547,095 an~ |
||||||||
| Induded h the above | costs are a sel5ement | payment for | one individual | ofE17,263(2020 nil). | |||||
| The avemgs monthly |
number ofemployees | dunng 8w year was as fo0owsi | 2(01 | ||||||
| No. | |||||||||
| 71 | 73 | ||||||||
| 39 | 39 | ||||||||
| 112 | |||||||||
| The nwnber ofemployees whese emoluments | amounted | to | |||||||
| E60,000h the year was asfdhws: | 2022 | 2021 | |||||||
| No. | No. | ||||||||
| E60,000 —E70,000 | 1 | ||||||||
| 270,001 - 280,000 | 1 | ||||||||
| Eso,oot —E00,000 | |||||||||
| E90,001 —7100,000 | |||||||||
| 7100,001 - 2110,00 | |||||||||
| E120,001 - 5130.000 | |||||||||
| E130,001 —2140,000 |
| 10 | GOVERNORS REMUNERATION AND BENEFITS |
|
|---|---|---|
| There were no Govemms' mmunerafion or other beneMs for the year ended 31July 2022 nor forlhe year ended 31 July 2021. |
||
| Travel and trainhg expenses ofF228 (2021iEl34)for 11governors were paid by the chanly during the year. Ksy management pmsonnel indude gm Govenors snd the semor~which are made up ofths Headmasmr, Bursary and four addNonal members of |
||
| the Senior Management Team. The toml pay and beneBs received by key management pemonnel were 2536,883(2021:f593,642 ) |
||
| 11 | PENSIONS The school participates in the Teachers' Pension scheme (ihe TPs'j for ils teaching stall. The pension charge for the year indudes conlruufins payable to the TPSotE480747(2021if472489)and stthe year end 258517(2021:254521)was acaued in respect of~to this scheme. |
|
| The TPSis an unl'unded mulfiemployer defined benefris pension scheme governed by The Teachers' Pensions Regulations 2010(ssamended) and The Teachers' Pension Scheme Regula6ons 2014(asamended). Members contribute on a pay as you go' basis with conribubons from members and the |
||
| employer being credited to the Exchequer. Relimment and other pension beneMs are paid by public funds movided by PsrliamenL |
||
| The employer conbibu6on rate isset by the Secretary iri Stale foaowing scheme valuations undertaken by the Government Acluary's OeparlmenL The |
most | |
| recent actuaria valuabon ofthe TPSwas pwqmmd as at 31March 2016and the Va4afion Report, which was published in March 2019,conlinned fimt |
the | |
| employer conlribu6on rate for the TPSwould inmease from 16.4%to23.6%born I September 2019.Employers are aho requinxl to psy a scheme |
||
| sdminisba6on levy ofO.IM% giving a total employm consibugon rale of23.68%. |
||
| The 31 March 2016Valuation Report was prepared in acconlance with me benefit set oui in the scheme mgulatiorw and under the approach specified |
in | |
| Ihe Oirec6ons. as they applied at5March 2019. However, the assumpfions were considered and set by the Oeparlment for Educsdon prior tofim ruling |
in | |
| the 'McCmudlSargeant case'. This case has mquired the courts to consider cases regarding the implemernation ofthe 2015mforms to Public Service |
||
| Psnwons induding me Teachers' Pensions. |
||
| On 27June 2019me Supreme Court denied fim grwemment permission to appeal the Court of Appeal's judgment mat transifional pnnrisions inlnxlucsd |
to | |
| the mformed pension schemes in 2015gave n'se to unmwful age discrknination. The government isrespecdng the Courl's decision and has said it will engage kmy with the Employment Tribunal as wall as empeyer and member represenlafives toagree how the d' iminslions wB be remedied. The |
||
| government announced on 4 February 2021 that it intends to proceed with a damned choice underpin under which members will be able tochoose either legacy or m4rmed scheme benefit in respect oftheir service during the period bebveen I April 2015and 3194rch 2022 st Ihe point they become payable. |
||
| The Tps is subject toscostcap mechanism which was mrt in pmce to molect taxpayers against unforeseen changes in scheme costs. The chief secretary to the Treasunri having 42018announced that there would bea review ofthis costcap mechanism, in January 2019announced a pause tothe cast cap |
||
| mechanism fafiowing Ihe Court ofAppeal's ruling in the McCloud/Sergeant case snd unlit there is certainly about me value ofpensions to employees from |
||
| April 2015onwarda The pause was lified in July 2020, and aconsufiation was launched on 24June on proposed changes tome cost rxxriml mechanism |
||
| foaowing areview by the Giwmnment Actuary. The mnsullation dosed to response on 19August 2021 and file Government iscunsnay analysing the |
||
| responses. | ||
| In view ofthe above rulings and decisions fim assumpbons used in the 31 March 2016Actuaria Va4a6on may become inappropriate. In firts scsnmlo, |
a | |
| valuation prepmad in acccxdance with revised benelits and suitably revised assumpfions woukl yiekl dil4rsnt resufis than those contained in am Actuarial |
||
| Va4afion. | ||
| Unbl the consufialion and the cost csp mechanism review are completed itisnot possmle locondude on any financial impact orfubaa changes ki the |
||
| conlnbulion rates ofthe TPS.Accordingly no prorrision for any addiTional past benefit pensirm costs is induded in these financial slalamsnls. |
||
| The School parfidpams in a Slandard U4 Group Personal Pension Scheme for ils ellgib4 nonteaching slalf. The pension chang for gm year includes |
||
| contribu6ons payable Io Smndard Lrie of571,542 (2021:274,606) and at the year-end Enfi (2021 —Enil) was accrued in respect of contribution |
lo this | |
| scheirie. | ||
| 12 | NET INCOME FOR THE YEAR | |
| 2022 | 2021 | |
| E | ||
| Net mourne isslated after chergirig: Oepnxristion oftangele fixed assets 391,426 442~6 |
||
| Operafing lease mnbrts —other 21,148 |
12,024 |
| 13 TANGIBLE FIXED ASSETS | ||||||
|---|---|---|---|---|---|---|
| Pmnt | Fixtures | |||||
| Freehold | Assets under | it | 3 | tvtolor | ||
| Propeny 5 |
Constructmn 6 |
Euulpnwru | Fltllngs 6 |
Vehicles 2 |
Tobrl 8 |
|
| Cost At 1August 2021 Addi6ons Disposals |
10,932,670 | 695,065 3,252,644 |
101,768 (1,032) |
1,781,914 152,671 (67,597) |
13,5652tgg 3Jt05415 (68,629) |
|
| Transfer | ||||||
| At 31July 2022 | 10,932,670 | 3,947,709 | 100,736 | 1,866,988 | ||
| Depnxfadorx At 1 August 2021 Chmge for @mr Disposals |
2,633,329 218.122 |
75,258 10,597 (1,032) |
1,558,552 160,669 (67,597) |
50,367 2,037 |
EST,566 381,425 (gtL629) |
|
| Transfm | ||||||
| At31July 2022 | 2851,451 | 84,823 | 1,651,624 | |||
| Net book value: At 31Jrdy 2022 |
8,081,219 | 3,947.709 | 15,913 | 215,364 | 2,037 | ~42 6L242 |
| 8.299 341 | 26510 | |||||
| 14DEBTOR6 | 2021 | |||||
| 6 | ||||||
| Fees snd exiles | 117,932 | 104,828 | ||||
| O8wr debtms Prepaymerds and accrued income |
114,942 | 132A56 | ||||
| 15CREDITORS | ||||||
| Amounts fabng due within one year |
2021 6 |
|||||
| Lusus Trade crermtss Taxa5on and social security costs Fees in advance and fee deposits Odmr~mss Aocruals |
2,124.806 446.092 TS,163 384,716 882185 852A49 |
156,765 42,918 115.399 354.759 56,447 607,619 |
||||
| Bnmght fenrrards Released in year Received in year |
M4,759 (354,7S9) 384,716 |
(321,843) 354.759 |
||||
| Cameo forwards |
| 2021 | ||
|---|---|---|
| f. | ||
| Amounts falling due afier mme than one year. |
||
| Bank and other loan | 249,857 | 460,637 |
| School fee deposits | 317,625 | |
| 2022 | 2021 | |
| 6 | K | |
| Movement on kmns | ||
| In one year orless | 2,124,606 | 156,768 |
| Between one arid bvo 'putts | 210,780 | |
| Between hvo and five years | 249,857 | 249.857 |
| 2374,463 | 617,405 |
| STATESIENT OF FUNDS | |||||||
|---|---|---|---|---|---|---|---|
| TranSfBI | |||||||
| At 1August | Between | At 31 July 2022 | |||||
| 2021 | Erpendrture f. |
Fundsf | (losses)f | ||||
| Unrestncted funds: General reserve |
9,297,766 | 6,332742 | (5.968,328) | 9,662,180 | |||
| Total funds | 9,297,766 | 6,332242 | (5,968,328) | 0,082,180 | |||
| TraAsfBr | |||||||
| At 1Aeeust | Between | Gainsl | At 31 July 2021 | ||||
| 2020 | Furxls E |
(losses) | f | ||||
| Unresbioled funds. General reserve |
9,029.579 | 5,896,779 | (5,628,590) | 9,297,768 | |||
| Total designated | |||||||
| Total funds | 9,029,579 | 5,896,779 | (5,628,590) | 9207,70$ | |||
| AIUILYSIS OF NET ASSETS SETBBEENFUNDS | |||||||
| UAIBsblsled | 2022 | ||||||
| fuAds | Tobll | ||||||
| E | 6 | ||||||
| Tangsrle feed assets Cmrenl assets |
12262,242 1,942,316 |
12g82PB2 1,94A3(6 |
|||||
| Current liabiNes Long tenn BabiTees |
(3,952,771) (589,607) |
(3PSR,TTS) (580,607) |
|||||
| Total rmt meals | |||||||
| Unwmeided | 2021 | ||||||
| funds | Total | ||||||
| 8 | E | ||||||
| Tsngbbsr r sd asset Cunlult assets Cmrent sabrTi6es |
9,248,355 2,161,585 (1,333,910) |
9A40,355 2,1st.sgs (1~910) |
|||||
| Longtennliabe6es | P78,262) | P7IL262) |
| CONNITNENTS UNDER OP |
ERATING LEA | SES | |||||
|---|---|---|---|---|---|---|---|
| At31July 2022,the company | had outstanding | commitmenls | for future miniman | tasse payments under |
nonvwncsfiable | operafing leases, which fall due as | |
| folkmsi | |||||||
| II | 2022 | 2021 | 2021 | ||||
| Phnt & | Ogice | Pmnt a | ONce | ||||
| Nechlaery | egorpnlsllt | Nechlnery | eglepuvnlt | ||||
| Due within one year | 21,427 | 26,901 | |||||
| Due between two and five years | 16,755 | 21,427 | |||||
| Due afier more man five years | 30,736 | 47,502 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| ReconciTiabon ofopwabng | result to net cash infiow from | 6 | ||
| opmabng ecbvlbss |
||||
| Het movement in funds |
30IL414 | 268,189 | ||
| Depredalian | 391,428 | 442.360 | ||
| 6ank interest received | (2.280) | (507) | ||
| IIII!88stPeyebl8 | 34.162 | 18,593 | ||
| PmW(Loss) an sale | ofFixed Assets | |||
| Inaeassr(Decrease) | in aedilas | (215,043) | (215,643) | |
| (lnCisaS8)ID8CiseS8 | ill deblol8 | 89.268 |