| Page | ||||
|---|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, | its Trustee and Advisers | 1-2 | |
| Report ofthe | Trustee | 3-20 | ||
| Independent | Auditors' Report |
on the Financial Statements | 21 - 24 | |
| Consolidated | Statement of Financial Activities | 25 | ||
| Consolidated | Balance Sheet | 26-27 | ||
| Charity Balance Sheet | 28-29 | |||
| Consolidated | Statement ofCash Flows | 30 | ||
| Notes to the | Financial Statements | 31 - 60 |
| Senior Leadership | Senior Leadership | Team | The Head, the Bursar | and: | and: | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mrs. N A Fairweather | BA - Principal | Deputy Head | |||||||||
| Dr R Clark BSc,PhD - Deputy Head (Co-Curriculum) | |||||||||||
| Dr D N Farr BA, PhD, | FRHS- Deputy Head (Director of Studies) | ||||||||||
| J K Ingham BA - Master |
ofthe Lower School | ||||||||||
| Mrs. N J Hill BSc - Assistant | Head (Admissions, | Marketing | & Partnerships) | ||||||||
| P A Todd BA - Assistant | Head (Teaching | and Learning) (resigned | 31 Dec2022) | ||||||||
| A Rowlandson BA - Assistant |
Head | (Staff | Development) | ||||||||
| Independent | auditors | Larking Gowen LLP | |||||||||
| Chartered Accountants |
|||||||||||
| 1st Floor, Prospect House | |||||||||||
| Rouen Road | |||||||||||
| Norwich | |||||||||||
| NR1 1RE | |||||||||||
| Bankers | Barclays Bank PLC | ||||||||||
| 3StJames Court | |||||||||||
| Whitefriars | |||||||||||
| Norwich | |||||||||||
| NR3 1RJ | |||||||||||
| COLA | |||||||||||
| 85Queen Victoria Street | |||||||||||
| London | |||||||||||
| EC4V4ET | |||||||||||
| Solicitors | Mills 8 Reeve LLP | ||||||||||
| 1 StJames Court | |||||||||||
| Whitefriars | |||||||||||
| Norwich | |||||||||||
| NR3 1RU | |||||||||||
| Farrer &Co LLP | |||||||||||
| 66 Lincoln's Inn Fields |
|||||||||||
| London | |||||||||||
| WC2A 3LH | |||||||||||
| Investment | advisers | Barratt &Cooke Limited | |||||||||
| 5/6 Opie Street | |||||||||||
| Norwich | |||||||||||
| NR1 3DW |
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |||
| 2023 | 2023 | 2023 | 2023 | 2022 | |||
| Note | 6000 | 6000 | f000 | f000 | f000 | ||
| Income and | |||||||
| endowments | from: | ||||||
| Donations and |
legacies | 719 | 719 | 483 | |||
| Charitable activities |
23,930 | 23,930 | 21,605 | ||||
| Investments | 306 | 33 | 339 | 112 | |||
| Total income | and | ||||||
| endowments | 24,236 | 752 | 24,988 | 22,200 | |||
| Expenditure on: |
|||||||
| Charitable activities |
22,916 | 568 | 23,484 | 21,365 | |||
| Total expenditure | 22,916 | 568 | 23,484 | 21,365 | |||
| Net losses on | |||||||
| investments | (14) | (29) | (43) | (50) | |||
| Net movement | in | ||||||
| funds before | other | ||||||
| recognised | |||||||
| gains/(losses) | 1,306 | 155 | 1,461 | 785 | |||
| Other recognised | |||||||
| gains/(losses): | |||||||
| Actuarial (losses)/gains |
|||||||
| on defined benefit |
|||||||
| pension schemes | 17 | (99) | (99) | 353 | |||
| Net movement | in | ||||||
| funds | 1,207 | 155 | 1,362 | 1,138 | |||
| Reconciliation | of | ||||||
| funds: | |||||||
| Total funds brought | |||||||
| forward | 15,416 | 2,343 | 3,273 | 21,032 | 19,894 | ||
| Net movement | in funds | 1,207 | 155 | 1,362 | 1,138 | ||
| Total funds carried | |||||||
| forward | 20 | 16,623 | 2,498 | 3,273 | 22,394 | 21,032 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Note | f000 | f000 | |||||
| Fixed assets | |||||||
| Tangible assets | 10 | 14,719 | 14,488 | ||||
| Investments | 12 | 1,735 | 1,766 | ||||
| Investment property |
11 | 730 | 730 | ||||
| 17,184 | 16,984 | ||||||
| Current assets | |||||||
| Stocks | 21 | 23 | |||||
| Debtors | 13 | 1;146 | 1,088 | ||||
| Cash at bank and in | hand | 9,774 | 8,479, | ||||
| 10,941 | 9,590 | ||||||
| Creditors: amounts | falling | due within one | |||||
| year | 14 | (4,998) | (4,620) | ||||
| Net current assets | 5,943 | 4,970 | |||||
| Total assets less current | liabilities | 23,127 | 21,954 | ||||
| Creditors: amounts | falling | due after more | |||||
| than one year | 15 | (733) | (922) | ||||
| Total net assets | 22,394 | 21,032 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | 6000 | 6000 | ||
| Charity funds | ||||
| Endowment | funds' | 20 | 3,273 | 3,273 |
| Restricted | funds | 20 | 2,498 | 2,343 |
| Unrestricted | funds | 20 | 16,623 | 15,416 |
| Total funds | 22,394 | 21,032 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | f000 | f000 | ||||
| Fixed assets | ||||||
| Tangible assets | 10 | 14,719 | 14,488 | |||
| Investments | 12 | 1,735 | 1,766 | |||
| Investment property |
11 | 730 | 730 | |||
| 17,184 | 16,984 | |||||
| Current assets | ||||||
| Stocks | 21 | 23 | ||||
| Debtors | 13 | 1,148 | 1,088 | |||
| Cash at bank and in | hand | 9,774 | 8,479 | |||
| 10,941 | 9,590 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 14 | (4,998) | (4,620) | |||
| Net current assets | 5,943 | 4,970 | ||||
| Total assets less current liabilities | 23,127 | 21,954 | ||||
| Creditors: amounts | falling due after more | |||||
| than one year | 15 | (733) | (922) | |||
| Total net assets | 22,394 | 21,032 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | f000 | fOOO | ||||||
| Charity funds | ||||||||
| Endowment | funds | 20 | 3,273 | 3,273 | ||||
| Restricted | funds | 20 | 2,498 | 2,343 | ||||
| Unrestricted | funds | |||||||
| Designated | funds | 20 | 797 | 598 | ||||
| General funds | 20 | 15,826 | 14,818 | |||||
| Unrestricted | funds | excluding | pension asset | 20 | 16,623 | 15,416 | ||
| Total unrestricted | funds | 20 | 16,623 | 15,416 | ||||
| Total funds | 22,394 | 21,032 |
| CONSOLIDATED STATEMENT OF CASH FLOWS | CONSOLIDATED STATEMENT OF CASH FLOWS | CONSOLIDATED STATEMENT OF CASH FLOWS | ||||
|---|---|---|---|---|---|---|
| FOR THE | YEAR ENDED 31 AUGUST 2023 | |||||
| 2023 | 2022 | |||||
| f000 | fOOO | |||||
| Cash flows from operating | activities | |||||
| Net cash used in operating |
activities | 2,551 | 1,641 | |||
| Cash flows from investing | activities | |||||
| Proceeds from the sale oftangible assets | 13. | 7 | ||||
| Payments to acquire tangible |
fixed assets | (1,355) | (829) | |||
| Receipts from sale of investments | 297 | 504 | ||||
| Payments to acquire investments |
(305) | (516) | ||||
| interest received | 227 | 11 | ||||
| Dividends received |
46 | 47 | ||||
| Rentals received from investment properties |
62 | 54 | ||||
| Net cash used in investing | activities | (1,015) | (722) | |||
| Cash flows from financing | activities | |||||
| Repayments of long term loans |
(144) | (156) | ||||
| Interest paid | (55) | (18) | ||||
| Repayments of hire purchase |
finance | (42) | (35) | |||
| Net cash used in financing | activities | (241) | (209) | |||
| Change in cash and cash |
equivalents | in | the year | 1,295 | 710 | |
| Cash and cash equivalents | at the beginning | ofthe year | 8,479 | 7,769 | ||
| Cash and cash equivalents | at the end | of | the year | 9,774 | 8,479 |
| Donations | and | legacies |
|---|---|---|
| Donations | and | legacies |
| Restricted | Total |
|---|---|
| funds | funds |
| 2023 | 2023 |
| f000 | 8000 |
| 719 | 719 |
| Restricted | Total |
| funds | funds |
| 2022 | 2022 |
| EOOO | OOOO |
| 483 | 483 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023 | 2023 | |||
| 8000 | 8000 | |||
| Tuition fees | 21,991 | 21,991 | ||
| Other educational | income | 874 | 874 | |
| Other ancillary | income | 156 | 156 | |
| School meals | 909 | 909 | ||
| Total 2023 | 23,930 | 23,930 | ||
| Unrestricted | Total | |||
| funds | funds | |||
| 2022 | 2022 | |||
| OOOO | 8000 | |||
| 'Tuition fees | 20,001 | 20,001 | ||
| Other educational | income | 679 | 679 | |
| Other ancillary | income | 170 | 170 | |
| School meals | 755 | 755 | ||
| Total 2022 | 21,605 | 21,605 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023 | 2023 | 2023 | ||
| 6000 | f000 | 6000 | ||
| Rental income | 62 | 62 | ||
| Income from investments | 13 | 33 | 46 | |
| Deposit account interest and interest from other debtors | 227 | 227 | ||
| Pension income | 4 | 4 | ||
| Total 2023 | 306 | 33 | . | 339 |
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| EOOO | EOOO | 5000 | ||
| Rental income | 54 | 54 | ||
| income from investments | 15 | 32 | 47 | |
| Deposit account interest and interest from other debtors | 11 | 11 | ||
| Total2022 | 80 | 32 | 112 |
| Unrestricted | Restricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | Total | ||||
| 2023 | 2023 | 2023 | ||||
| 6000 | f000 | 6000 | ||||
| Teaching and | education | 13,505 | 13,505 | |||
| Welfare | 1,444 | 1,444 | ||||
| Establishment | 3,956 | 3,956 | ||||
| Support costs | 2,307 | 2,307 | ||||
| Finance costs | 86 | 86 | ||||
| Governance | costs | 75 | 75 | |||
| Prizes, awards, | scholarships | and financial assistance | 1,543 | 568 | 2 111 | |
| Total2023 | 22,916 | 568 | 23,484 |
| Unrestricted | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | Total | ||||||
| 2022 | 2022 | 2022 | ||||||
| FOOO | 6000 | OOOO | ||||||
| ' | Teaching | and | education | 12,077 | 12,077 | |||
| Welfare | 1,211 | 1,211 | ||||||
| Establishment | 3,699 | 3,699 | ||||||
| Support | costs | 2,184 | 2,184 | |||||
| Finance | costs | 69 | 69 | |||||
| Governance | costs (see below) | 62 | 62 | |||||
| Prizes, awards, | scholarships | and financial assistance | 1,450 | 614 | 2,064 | |||
| Total 2022 | 20,752 | 614 | 21,366 |
| Staff costs | Depreciation | Other costs | Total | ||||
|---|---|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2023 | ||||
| f000 | f000 | FOOO | f000 | ||||
| Teaching and |
education | 10,518 | 482 | 2,505 | 13,505 | ||
| Welfare | 181 | 1,263 | 1,444 | ||||
| Establishment | 517 | 619 | 2,820 | 3,956 | |||
| Support costs | 992 | 1,315 | 2,307 | ||||
| Finance costs | 86 | 86 | |||||
| Governance | costs (see below) | 75 | 75 | ||||
| Prizes, awards, | scholarships | and financial | |||||
| assistance | 2,111 | 2 111 | |||||
| Total 2023 | 12,208 | 1,101 | 10,175 | 23,484 | |||
| Staff costs | Depreciation | Other costs | Total | ||||
| 2022 | 2022 | 2022 | 2022 | ||||
| fOOO | f000 | fOOO | f000 | ||||
| Teaching and | education | 9,502 | 494 | 2;081 | 12,077 | ||
| Welfare | 135 | 1,076 | 1,211 | ||||
| Establishment | 438 | 706 | 2,555 | 3,699 | |||
| Support costs | 891 | 1,293 | 2,184 | ||||
| Finance costs | 69 | 69 | |||||
| Governance | costs (see below) | 62 | 62 | ||||
| Prizes, awards, | scholarships | and financial | |||||
| assistance | 2,064 | 2,064 | |||||
| Total 2022 | 10,966 | 1,200 | - 9,200 | 21,366 |
| Analysis ofexpenditure | on charit | able activities (continued) |
||
|---|---|---|---|---|
| 2023 f000 |
2022 f000 |
|||
| Analysis ofgovernance | costs | |||
| Costs relating to governors | 4 | 3 | ||
| Trustee and Professional | indemnity | insurance | 18 | 17 |
| Audit, accountancy and legal fees |
53 | 42 | ||
| 75 | 62 |
| Auditors' remuneration |
||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| f000 | f000 | |||
| Fees payable to the Charity's Charity's annual accounts |
auditor and its associates | for the audit ofthe | 18 | 18 |
| Fees payable to the Charity's | auditor and its associates | in respect of: | ||
| Teachers' Pension audit |
| Staff costs | ||||
|---|---|---|---|---|
| Group | Group | Charity | Charity | |
| 2023 | 2022 | 2023 | 2022 | |
| f000 | fOOO | f000 | fOOO | |
| Wages and salaries | 9,670 | 8,595 | 9,670 | 8,595 |
| Social security costs | 1,016 | 920 | 1,016 | 920 |
| Pension costs | 1,522 | 1,452 | 1,522 | 1,452 |
| 12,208 | 10,967 | 12,208 | 10,957 |
| Group | Group | ||
|---|---|---|---|
| 2023 | 2022 | ||
| No. | No. | ||
| 'Teaching | staff | 153 | 152 |
| Support | staff | 160 | 142 |
| 313 | 294 |
| Group | Group |
|---|---|
| 2023 | 2022 |
| No. | No. |
| Plant, | |||||
|---|---|---|---|---|---|
| Long-term | Short-term | equipment, | |||
| Freehold | leasehold | leasehold | fixtures and | ||
| property | property | property | fittings | Total | |
| 6000 | 6000 | f000 | f000 | FOOO | |
| Cost or valuation | |||||
| At 1 September 2022 | 6,999 | 5,435 | 2,207 | 8,062 | 22,703 |
| Additions | 20 | 78 | 122 | 1,135 | 1,355 |
| Disposals | (33) | (33) | |||
| At 31 August 2023 | 7,019 | 5,513 | 2,329 | 9,164 | 24,025 |
| Depreciation | |||||
| At 1 September 2022 | 926 | 683 | 1,268 | 5,338 | 8,215 |
| Charge for the year | 123 | 77 | 173 | 728 | 1,101 |
| On disposals | (10) | (10) | |||
| At 31 August 2023 | 1,049 | 760 | 1,441 | 6,056 | 9,306 |
| Net book value | |||||
| At 31 August 2023 | 5,970 | 4,753 | 888 | 3,108 | 14,719 |
| At 31August 2022 | 6,073 | 4,752 | 939 | 2,724 | 14,488 |
| Freehold | |
|---|---|
| investment | |
| property | |
| 6000 | |
| Valuation | |
| At 1 September 2022 | 730 |
| At 31 August 2023 | 730 |
| Charity | |
| Freehold | |
| investment | |
| property | |
| F000 | |
| Valuation | |
| At 1 September 2022 | 730 |
| At 31 August 2023 | 730 |
| Listed | ||
|---|---|---|
| investments | ||
| Group and Charity | 6000 | |
| Cost or valuation | ||
| At 1 September 2022 | 1,766 | |
| Additions | 305 | |
| Dieposals | (297) | |
| Revaluations | (39) | |
| At 31 August 2023 | 1,735 | |
| Net book value | ||
| At 31 August 2023 | 1,735 | |
| At 31August 2022 | 1,766 | |
| The majority of investments | were gifted. |
| Group | Group | Charity | Charity | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | , 2022 | |||
| f000 | fOOO | f000 | fOOO | |||
| Due within one year | ||||||
| Trade debtors | 232 | 260 | 232 | 260 | ||
| Other debtors | 9 | 13 | 9 | 13 | ||
| Prepayments | and accrued income | 905 | 815 | 905 | 815 | |
| 1,146 | 1,088 | 1,146 | 1,088 | |||
| Creditors: Amounts | falling due within one year | |||||
| Group | Group | Charity | Charity | |||
| 2023 | 2022 | 2023 | 2022 | |||
| f000 | fOOO | f000 | fOOO | |||
| Bank loans | 194 | 194 | 194 | 194 | ||
| Fees received | in advance | 2,970 | 3,237 | 2,970 | 3,237 | |
| Trade creditors | 1,041 | 449 | 1,041 | 449 | ||
| Other taxation | and social security | 254 | 234 | 254 | 234 | |
| Obligations under finance lease and hire |
||||||
| purchase contracts |
43 | 40 | 43 | 40 | ||
| Other creditors | 97 | 115 | 97 | 115 | ||
| Accruals and | deferred | income | 399 | 351 | 399 | 351 |
| 4,998 | 4,620 | 4,998 | 4,620 |
| Group | Group | Charity | Charily | ||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||||
| f000 | fOOO | f000 | fOOO | ||||
| Deferred | income at 1 September | 2022 | 3,250 | 3,155 | 3,250 | 3,155 | |
| Resources deferred | during the year |
3,047 | 3,250 | 3,047 | 3,250 | ||
| Amounts | released | from previous | periods | (3,250) | (3,155) | (3,250) | (3,155) |
| Deferred | income at 31August | 2023 | 3,047 | 3,250 | 3,047 | 3,250 |
| Group | Group | Charity | Charity | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |||
| 6000 | f000 | 6000 | 8000 | |||
| Bankloans | 679 | 823 | 679 | 823 | ||
| Net obligations | under finance lease and hire | |||||
| purchase | contracts | 54 | 99 | 54 | ||
| 733 | 922 | 733 | 922 |
| 2023 | 2022 | |
|---|---|---|
| f000 | 8000 | |
| Group and Charity | ||
| Within one year | 47 | 48 |
| Between 1-5years | 56 | 103 |
| Less: finance charges allocated to future periods | (6) | (12) |
| 97 | 139 |
| At 31August | At 31August | ||
|---|---|---|---|
| 2023 | 2022 | ||
| 0/ | 0/ | ||
| Discount rate | 5.1 | 4.2 | |
| Price inflation (CPI) | 3.25 | 3.5 | |
| Future increases to pensions | deferment | 3.25 | 3.5 |
| Future increases to pensions | in payment | 3.8 | 3.8 |
| At 31August | At 31August | ||
| 2023 | 2022 | ||
| Years | Years | ||
| Mortality rates (in years) | |||
| -for a male aged 65 now | 86.4 | 87.0 | |
| -at 65 for a male aged 45 now | 87.6 | 88.2 | |
| -for a female aged 65 now | 88.9 | 89.3 | |
| -at 65 for a female aged 45 | now | 90.3 | 90.8 |
| The Group | 's share ofthe assets in the scheme w |
as: | ||
|---|---|---|---|---|
| At31 | August | At31Augusf | ||
| 2023 | 2022 | |||
| 6000 | OOOO | |||
| Cash and | other liquid assets | 181 | 97 | |
| Investment | funds | 587 | 599 | |
| Total fair | value ofassets | 768 | 696 | |
| The actual | return on scheme assets was f46,000 | loss (2022 - 820,000gain). |
| 2023 | 2022 | |||
|---|---|---|---|---|
| f000 | EOOO | |||
| Interest income | (31) | (10) | ||
| Interest cost | 27 | 16 | ||
| Total amount recognised | in the Consolidated | Statement of Financial | ||
| Activities | (4) | 6 |
| Moveme | nts in th |
e presen | t value ofthe defined benefit obliga |
tion were as follows: |
|
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| f000 | fOOO | ||||
| Opening | defined | benefit | obligation | 642 | 1,021 |
| Interest | cost | 27 | 16 | ||
| Actuarial | gains | (109) | (387) | ||
| Benefits | paid | (8) | (8) | ||
| Closing | defined | benefit | obligation | 552 | 642 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| FOOO | fOOO | |||
| Opening | fair | value ofscheme assets before asset ceiling adjustment | 696 | 582 |
| Expected | return on assets | 31 | 10 | |
| Actuarial | (losses)/gains | (46) | 20 | |
| Contributions | by employer | 95 | 92 | |
| Benefits | paid | (8) | (8) | |
| Asset ceiling | adjustment | (216) | (54) | |
| Closing | fair | valueofschemeassets | 552 | 642 |
| Group | Group | Charity | Charity | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |||
| f000 | fOOO | FOOO | fOOO | |||
| Not later than | 1 year | 495 | 483 | 495 | 483 | |
| Later than | 1 year and not later than 5years | 1,653 | 1,013 | 1,653 | 1,013 | |
| Later than | 5years | 3,771 | 256 | 3,771 | 255 | |
| 5,919 | 1,752 | 5,919 | 1,752 |
| Balance at 1 | Balance at | |||||
|---|---|---|---|---|---|---|
| September | Transfers | Gains/ | 31 August | |||
| 2022 | Income | Expenditure | in/out | (Losses) | 2023 | |
| 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | |
| Designated | ||||||
| funds | ||||||
| Development | ||||||
| fund | 598 | 13 | (14) | 597 | ||
| Staff | ||||||
| development | ||||||
| fund | 200 | 200 | ||||
| 598 | 13 | 200 | (14) | 797 | ||
| General funds | ||||||
| General Funds- | ||||||
| all funds | 14,818 | 24,223 | (22,916) | (200) | (99) | 15,826 |
| Total | ||||||
| Unrestricted | ||||||
| funds | 15,416 | 24,236 | (22,916) | (113) | 16,623 | |
| Endowment | ||||||
| funds | ||||||
| Permanent | ||||||
| endowment | 3,273 | 3,273 | ||||
| Restricted | ||||||
| funds | ||||||
| Bursary funds | 257 | 260 | (219) | 298 | ||
| Other restricted | ||||||
| funds | 888 | 453 | (343) | 998 | ||
| Scholarship | ||||||
| funds | 1,198 | 39 | (6) | (29) | 1,202 | |
| 2,343 | 752 | (568) | (29) | 2,498 | ||
| Total offunds | 21 032 | 24 988 | (23484) | (142) | 22,394 |
| Statement | off | unds | -prior y |
ear | |||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | Balance at | ||||||||
| 1 September | Gainsl | 31August | |||||||
| 2021 | Income | Expenditure | (Losses) | 2022 | |||||
| L'000 | 9000 | BOOO | 6000 | BOOO | |||||
| Designated | funds | ||||||||
| Development fund |
618 | (31) | 598 | ||||||
| General funds | |||||||||
| General Funds | - all | funds | 13,542 | 21,675 | (20,752) | 353 | 14,818 | ||
| Total Unrestricted | funds | 14,160 | 21,686 | (20,752) | 322 | 15,416 | |||
| Endowment | funds | ||||||||
| Permanent | endowment | 3,273 | 3,273 | ||||||
| Restricted | funds | ||||||||
| Bursary funds | 300 | 190 | (233) | 257 | |||||
| Other restricted | funds | 977 | ' | 287 | (375) | 889 | |||
| Scholarship | funds | 1,184 | 38 | (6) | (19) | 1,197 | |||
| 2,461 | 515 | (614) | (19) | 2,343. | |||||
| Balance ai | Balance at | ||||||||
| 1 September | Gains/ | 31August | |||||||
| 2021 | Income | Expenditure | (Losses) | 2022 | |||||
| 6000 | 8000 | BOOO | 6000 | f000 | |||||
| Total offunds | 19,894 | 22,201 | (21,366) | 303 | 21,032 |
| Summary offun |
ds - current year | |||||
|---|---|---|---|---|---|---|
| Balance at 1 | Balance at | |||||
| September | Transfers | Gains/ | 31August | |||
| 2022 | Income | Expenditure | in/out | (Losses) | 2023 | |
| 6000 | 6000 | f000 | f000 | 6000 | 6000 | |
| Designated | ||||||
| funds | 598 | 13 | 200 | (14) | 797 | |
| General funds | 14,818 | 24,223 | (22,916) | (200) | (99) | 15,826 |
| Endowment | ||||||
| funds | 3,273 | 3,273 | ||||
| Restricted funds | 2,343 | 752 | (568) | (29) | 2,498 | |
| 21,032 | 24,988 | (23,484) | (142) | 22,394 |
| Balance at | Balance at | |||||
|---|---|---|---|---|---|---|
| 1 September | Gains/ | 31August | ||||
| 2021 | Income | Expenditure | (Losses) | 2022 | ||
| 6000 | 6000 | OOOO | fOOO | 6000 | ||
| Designated | funds | 618 | 11 | (31) | 598 | |
| General funds | 13,542 | 21,675 | (20,752) | 353 | 14,818 | |
| Endowment | funds | 3,273 | 3,273 | |||
| Restricted | funds | 2,461 | 515 | (614) | (19) | 2,343 |
| 19,894 | 22,201 | (21,366) | 303 | 21,032 |
| Analysis | ofnet assets between funds - | current year | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||
| funds | funds | funds | funds | ||
| 2023 | 2023 | 2023 | 2023 | ||
| f000 | f000 | 6000 | f000 | ||
| Tangible fixed assets |
12,329 | 2,390 | 14,719 | ||
| Fixed asset investments | 444 | 1,136 | 155 | 1,735 | |
| Investment | property | 730 | 730 | ||
| Current assets | 8,851 | 1,362 | 728 | 10,941 | |
| Creditors | due within one year | (4,998) | (4,998) | ||
| Creditors | due in more than one year | (733) | (733) | ||
| Total | 16,623 | 2,498 | 3,273 | 22,394 |
| Group | Group | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| f000 | 6000 | |||||
| Net income for the year (as per Statement of Financial | Activities) | 1,461 | 785 | |||
| Adjustments for: |
||||||
| Dividends received |
(46) | (47) | ||||
| Rents received from investment | properties | (62) | (54) | |||
| Interest receivable | (227) | (11) | ||||
| Interest payable | 55 | 18 | ||||
| Depreciation | 1,101 | 1,197 | ||||
| Losses on investments | 43 | 50 | ||||
| Loss on disposal offixed assets | 10 | 19 | ||||
| Decrease in stock |
2 | 6 | ||||
| (Increase)/decrease in |
debtors | (58) | (332) | |||
| Increase/(decrease) in |
creditors | 371 | (3) | |||
| Pension scheme non-cash movements |
(99) | (4) | ||||
| Impairment oftangible |
fixed assets | 18 | ||||
| Net cash provided by |
operating | activities | 2,551 | 1,642 | ||
| 24. | Ana1ysis ofcash and | cash equivalents |
| Group | Group | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| FOOO | 8000 | |||
| Cash | at bank and | in hand | 9,774 | 8,479 |
| Total | cash and cash equivalents | 9,774 | 8,479 |
| At 1 | Other non- | At 31 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| September | cash | August | ||||||||
| 2022 | 'Cash flows | changes | 2023 | |||||||
| 6000 | 6000 | 6000 | 6000 | |||||||
| Cash at | bank and in hand | 8,479 | 1,295 | 9,774 | ||||||
| Debt due | within | 1 year | (194) | (194) | ||||||
| Debt due | after | 1 | year | (823) | 193 | (49) | (679) | |||
| Hire purchase | (139) | 48 | (6) | (97) | ||||||
| 7,323 | 1,536 | (55) | 8,804 | |||||||
| 26. | Financial | instruments | ||||||||
| Group | Group | Charity | Charity | |||||||
| 2023 | 2022 | 2023 | 2022 | |||||||
| f000 | E'000 | 6000 | 6000 | |||||||
| Financial | assets | |||||||||
| Financial | assets | measured | at fair value | |||||||
| through | income | and expenditure | 1,735 | 1,766 | 1,735 | 1,766 |