## ||||||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|