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||||Page|
|---|---|---|---|
|Governors'|report|||
|Independent<br>Auditors'||Report|15|
|Statement|ofFinancial|Activities|18|
|Company|Balance Sheets||19|
|Cash Flow|Statement||20|
|Notes to the Financial||Statements|21|





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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
||||Note|2022|2022|2022|2021|
|||||E||E|E|
|INCOME FROII:||||||||
|Donations<br>and grants|||||||6,000|
|Charitable<br>activities:||||||||
|School operating|income||4|7,146,538||7,146,538|6,801,563|
|Investment<br>income|||5|1,999|7,157|9,156|6,552|
|TOTAL INCOME||||7,148,537|7,157|7,155,694|6,814,115|
|EXPENDITURE ON:||||||||
|Charitable<br>activities||||||||
|School operating|costs|||(6,713,496)|(25,769)|(6,739,265)|(6,238,623)|
|TOTAL EXPENDITURE||||(6,713,496)|(25,769)|(6,739,265)|(6,238,623)|
|NET INCOME BEFORE INVESTMENT||||||||
|GAINS 8 LOSSES||||442,198|(25,769)|416,429|575,492|
|Net (losses)/gains<br>on investment||assets|11||(9,439)|(9,439)|32,151|
|NET MOVEMENT<br>IN FUNDS FOR THE||||435,041|(28,051)|406,990|607,643|
|YEAR||||||||
|Total funds at 1 September 2021|||16|9,247,869|296,838|9,544,707|8,937,064|
|TOTAL FUNDS AT|31AUGUST|2022|16|9,682,910|268,787|9,951,697|9,544,707|





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||||2022|2021|
|---|---|---|---|---|
|||Note|F|E|
|FIXED ASSETS|||||
|Intangible<br>assets||9|||
|Tangible assets||10|5,155,658|5,156,793|
|Investments||11|186,228|195,666|
||||5,341,886|5,352,459|
|CURRENT ASSETS|||||
|Debtors||12|214,232|183,259|
|Bank|||5,867,111|5,406,311|
||||6,081,343|5,589,570|
|CREDITORS: amounts||falling due within|||
|one year||13|(942,788)|(792,328)|
|NET CURRENT (LIABILITIES)/ASSETS|||5,138,555|4,797,242|
|TOTAL ASSETS LESS||CURRENT LIABILITIES|10,480,441|10,149,701|
|CREDITORS: amounts||falling due after|||
|more than one year||15|(528,744)|(604,994)|
|NET ASSETS|||9,951,697|9,544,707|
|CHARITY FUNDS||16|||
|Restricted funds:|||||
|Scholarship<br>Fund|||230,908|251,835|
|Bursary Fund|||37,879|45,003|
|Unrestricted<br>funds:|||||
|General<br>fund|||8,682,910|8,247,869|
|Fiftieth Anniversary|Fund||1,000,000|1,000,000|
||||9,951,697|9,544,707|






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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||||Note|E||
|Cash flows from operating||actives:||||||
|Net cash generated<br>from operating<br>activities|||||18|853,114|899,012|
|Cash flows from investing||activities:||||||
|Dividends,<br>interest and rents from investments||||||9,156|6,552|
|Purchase of property,<br>plant||and equipment||||(325,220)|(68,416)|
|Net cash used<br>in investing|activities|||||(316,064)|(61,864)|
|Cash flows from financing||activities:||||||
|Movement<br>on fees in advance||||||(72,500)|(26,256)|
|Movement<br>on deposits from||parents||||(3,750)|(23,170)|
|||||||(76,250)|(49,426)|
|Change<br>in cash and cash||equivalents|in the reporting|||||
|period||||||460,800|787,722|
|Cash and cash equivalents||at the beginning||ofthe reporting||||
|period||||||5,406,311|4,618,589|
|Cash and Cash Equivalents<br>at the end|||of|the reporting||||
|period||||||5,867,111|5,406,311|





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|Investment|Income||||||||
|---|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total|Unrestricted|Restricted|Total|
|||2022||2022|2022|2021|2021|2021|
|||E||||F|F|F|
|Bank interest||1,999|||1,999|54||54|
|Income from|||||||||
|investments||||7,157|7,157||6,498|6,498|
|||1,999||7,157|9,156|54|6.498|6,552|
|School Operating<br>Costs and Governance||||Costs|||||
||||||||2022|2021|
|Direct Costs|||||||||
|Teaching:|Staff costs||||||3,685,313|3,436,137|
|Teaching:|Operating<br>lease rentals||||||48,630|67,491|
|Teaching:|Other costs||||||443,367|341,194|
|Welfare: Other costs|||||||377,657|311,929|
|Premises:|Staff Costs||||||286,552|276,060|
|Premises:|Other costs||||||726,267|691,089|
|Scholarships,<br>discounts||and bursaries|awarded||||61,336|109,643|
|Support Costs|||||||||
|Wages and|salaries<br>—support||||||507,456|444,198|
|Amortisation||||||||4,056|
|Depreciation|||||||326,385|319,047|
|Audit fee|||||||18,835|16,740|
|Accountancy<br>and advisory||||||||5,135|
|Operating<br>lease rentals<br>Other costs *|||||||27,936<br>229,531|23,893<br>192,011|
||||||||6,739,265|6,238,623|



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|NET MO|VEMENT<br>IN F|UNDS||||
|---|---|---|---|---|---|
|||||2022|2021|
|This is stated after charging:|||||F|
|Auditors'|remuneration:|audit||17,035|16,769|
|Auditors'|remuneration:|non-audit|fees|1,800|1,740|





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|The number of employees|whose remuneration|for the year fell within the following|bands was:||
|---|---|---|---|---|
||||2022|2021|
||||Number|Number|
|f60,000 to 869,999|||5|4|
|870,000 tof79,999||||2|
|f80,000 tof89,999|||||
|F120,000 to f129,999|||||





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|Intangible<br>Fixed Assets|||
|---|---|---|
||Website|Total|
||E||
|Cost:|||
|1 September 2021 and 21 August 2022|24,336|24,336|
|Amortisation:|||
|1 September 2021|24,336|24,336|
|Charge for the year|||
|31 August 2021|24,336|24,336|
|Net book Value:|||
|31 August 2022|||
|31 August 2021|||



## 

|Tangible|Fixed Assets||Assets|Fixtures|||
|---|---|---|---|---|---|---|
||||under|and|||
|||Freehold|construction|fittings|Motor|Total|
||||E|E|F||
|Cost:|||||||
|31 August|2021|9,531,393||2,452,836|73,251|12,057,480|
|Additions||37,619|31,809|244,872|10,920|325,220|
|Disposals||||(539,136)||(539,136)|
|31 August|2022|9,569,012|31,809|2,158,572|84,171|11,843,564|
|Depreciation:|||||||
|31 August|2021|4,537,349||2,290,087|73,251|6,900,687|
|Provided|during the year|208,381||116,381|1,593|326,355|
|Disposals||||(539,136)||(539,136)|
|31 August|2022|4,745,730||1,867,332|74,844|6,687,906|
|Net book|value:||||||
|31 August|2022|4,823,282|31,809|291,240|9,327|5,155,658|
|31 August|2021|4,994,044||162,749||5,156,793|





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|Investments|||
|---|---|---|
||2022|2021|
||F|E|
|1 September 2021|195,667|163,515|
|Gains and Losses|(9,439)|32,151|
|31 August 2022|186,228|195,666|



|||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||F|
|CCLA Investment|||Management||||Ltd —COIF Charities|Investment|Fund|||
|||||||||||111,582|116,181|
|MBG —Equities||Investment||||fund|for Charities|||||
|||||||||||74,646|79,485|
|||||||||||186,228|195,666|
|DEBTORS||||||||||||
|||||||||||2022|2021|
|||||||||||E||
|Trade debtors||||||||||102,829|32,490|
|Prepayments|and||accrued|||||||||
|income||||||||||111,403|150,769|
|||||||||||214,232|183,259|
|CREDITORS:||amounts|||falling||due within one year|||||
|||||||||||2022|2021|
|||||||||||E||
|Trade creditors||||||||||81,860|121,390|
|Parental<br>deposits||||||||||147,500|82,500|
|Other taxation||and|social||security|||||91,741||
|Pension contributions||||payable||||||71,250||
|Other creditors||||||||||5,463|2,733|
|Accruals||||||||||60,273|26,595|
|Deferred income||||||||||484,701|559,110|
|||||||||||942,788|792,328|




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|DEFERRED INCOME|DEFERRED INCOME||||2022|2021|
|---|---|---|---|---|---|---|
|||||||F|
|Movements<br>in deferred||income were as follows:|||||
|Deferred<br>income|at the|start|ofthe year||559,110|561,772|
|Income received|in advance||||484,701|559,110|
|Deferred income|released||||(559,110)|(561,772)|
|Deferred<br>income|at end|of year|||484,701|559,110|
|Deferred income|represents||fee income received|in advance.|||
|CREDITORS: amounts||falling due within more than one year|||||
||||||2022|2021|
|||||||E|
|Deferred income|||||70,000|73,750|
|Deposits from parents|||||458,744|531,244|
||||||528,744|604,994|



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|16.|THE FUNDS OF THE CHARITY|THE FUNDS OF THE CHARITY||||||
|---|---|---|---|---|---|---|---|
||2022||Brought|||Investment|Carried|
||||Forward|Income|Expenditure|gains|Forward|
||||E|F||||
||RESTRICTED FUNDS|||||||
||Scholarship<br>Fund||251,835|7,157|(18,645)|(9,439)|230,908|
||Bursary Fund||45,003||(7,124)||37,879|
||||296,838|7,157|(25,769)|(9,439)|268,787|
||UNRESTRICTED|FUNDS||||||
||General<br>Fund||8,247,869|7,148,537|(6,713,496)||8,682,910|
||Fiftieth Anniversary|Fund|1,000,000||||1,000,000|
||Total Unrestricted|Funds|9,247,869|7,148,537|(6,713,496)||9,682,910|
||Total funds||9,544,707|7,155,694|(6,739,265)|(9,439)|9,951,697|





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|2021||Brought|||Investment|Carried|
|---|---|---|---|---|---|---|
|||Forward|Income|Expenditure|gains|Forward|
|||f.||E||E|
|RESTRICTED FUNDS|||||||
|Scholarship<br>Fund||213,186|6,498||32,151|251,835|
|Bursary Fund||45,003||||45,003|
|||258,189|6,498||32,151|296,838|
|UNRESTRICTED|FUNDS||||||
|General<br>Fund||7,678,875|6,807,617|(6,238,623)||8,247,869|
|Fiftieth Anniversary|Fund|1,000,000||||1,000,000|
|Total Unrestricted|Funds|8,678,875|6,807,617|(6,238,623)||9,247,869|
|Total funds||8,937,064|6,814,115|(6,238,623)|32,151|9,544,707|





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|ANALYS|IS|OF NET||ASSETS B|ETWEEN FUNDS -2022||||
|---|---|---|---|---|---|---|---|---|
|||||||Restricted|Unrestricted|Total|
|||||||funds|funds|funds|
|||||||2022|2022|2022|
|||||||F||F|
|Tangible|fixed assets||||||5,155,658|5,155,658|
|Investments||||||186,228||186,228|
|Net Current||assets||||82,559|5,055,996|5,138,555|
|Creditors|due<br>in more|||than one year|||(528,744)|(528,744)|
|||||||268,787|9,657,141|9,951,697|
|ANALYSIS||OF NET ASSETS BETWEEN FUNDS —2021|||||||
|||||||Restricted|Unrestricted|Total|
|||||||funds|funds|funds|
|||||||2021|2021|2021|
|||||||F|F|E|
|Intangible|8|Tangible|fixed assets||||5,156,793|5,156,793|
|Investments||||||195,666||195,666|
|Net Current||assets||||101,172|4,696,070|4,797,242|
|Creditors|due<br>in more|||than one year|||(604,994)|(604,994)|
|||||||296,838|9,247,869|9,544,707|
|NET CASH||FLOW FROM OPERATING ACTIVITIES|||||2022|2021|
||||||||E||
|Net movement<br>in funds|||||||406,990|607,643|
|Dividends,|interest and|||rents from|investments||(9,156)|(6,552)|
|Amortisation||charges||||||4,056|
|Depreciation||charges|||||326,355|319,047|
|Net losses|/(gains)<br>on|||investment|assets||9,439|(32,151)|
|(Increase)|/|Decrease||in debtors|||(30,974)|28,885|
|Increase<br>/|(Decrease)||in creditors||||150,460|(21,916)|
|NET CASH||INFLOW|FROM OPERATIONS||||853,114|899,012|





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||||||||
|---|---|---|---|---|---|---|
|COMMITME|TS<br>UNDER OPER|ATING LEAS|ES||2022|2021|
|||||||F|
|At 31August|2022, the Company|was committed|to make the following||||
|total payments|under non-cancellable<br>operating||leases:||||
|In respect of|motor vehicles and|plant and machinery||leases—|||
|Amounts<br>due|within one year||||21,678|21,678|
|Amounts<br>due|between<br>one and|five years|||25,411|47,089|
||||||47,089|68,767|



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