## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||Funds|Funds|Funds|Funds| ||||2022|2022|2022|2021| |||Notes|8|||f| |INCOME FROM:||||||| |Charitable
acttvitim:||||||| |School fee income||3|7,924,693||7,924,693|5,912,155| |Other ancillary
income|||10,010||10,010|27,677| |Other trading activities:||||||| |Rental income|||17,724||17,724|12,338| |Investment
income||4|5,799||5,799|3,165| |Donations
and grants||5|3,716|40,603|44,319|49,379| |Other income|||160,998||160,998|| |TOTAL INCOME|||I8,122,940|f40,603|f8,163,543|f6,004,714| |EXPENDITURE ON:||||||| |Charitable
activity:||||||| |School Operating
Costs:||||||| |Teaching costs|||4,246,671||4,246,671|3,245,265| |Welfare costs|||497,294||497,294|274,570| |Premises costs|||1,991,724||1,991,724|1,540,845| |Support costs ofschooling|||867,371||867,371|732,338| |Grants, awards
and prizes|||12,787|73,281|86,068|102,307| ||||7,615,847|73,281|7,689,128|5,895,325| |Raising funds:||||||| |Fundraising
and development|costs||122,923||122,923|63,832| |Finance costs|||140,956||140,956|87,637| |TOTAL EXPENDITURE||6|87,879,726|I73,28)|$7,953,007|86,046,794| |NET MOVEMENT IN FUNDS|||243,214|(32,678)|210,536|(42,080)| |BALANCE BROUGHT FORWARD||||||| |AT I SEPTEMBER2021|||9,744,134|352,927|10,097,061|10,139,141| |BALANCE CARRIED FORWARD||||||| |AT31AUGUST 2022||13|89,987,348|6320,249|f10,307,597|810,097,061| ## |||Notes|2022||2021| |---|---|---|---|---|---| |||||f|8| |FIXEDASSETS|||||| |Tangible fixed assets|||13,258,257||13,428,002| ||||13,258,257||13,428,002| |CURRENT ASSETS|||||| |Stock|||5,019|4,102|| |Debtors||9|1,944,243|832,666|| |Cash at bank and in hand|||4,198,798|4,216,248|| ||||6,148,060|5,053,016|| |CREDITORS: Amounts|falling due||||| |within one year||10|(3,675,884)|(2,909,082)|| |NET CURRENT ASSETS|||2,472,176||2,143,934| |TOTAL ASSETSLESS|CURRENT||||| |LIA.BILITIES|||15,530,433||15,571,936| |CREDITORS: Amounts|falling due||||| |after one year|||(5,422,836)||(5,474,875)| |TOTAL NET ASSETS|||810,307,597||f.10,097,061| |FUNDS|||||| |Unrestricted||13|9,987,348||9,744, 134| |Restricted||13|320,249||352,927| ||||810,307,597||f10,097,061| ## ## |||||||||2022|2021| |---|---|---|---|---|---|---|---|---|---| |ReconciTiation ofnet cash|||inflow from||||||| |operations|||||||||| |Net income before|investment|||losses|||210,536||(42,080)| |Depreciation|||||||603,819||514,820| |Interest received|||||||(5,799)||(413)| |Investment
income|||||||||(2,752)| |Interest payable|||||||140,956||87,637| |(Increase)/decrease|in stock||||||(917)||19| |Hncrease)/decrease|in debtors||||||(1,111,577)||545,506| |Increase in creditors|||||||822,024||488,288| |Net cash flow from||operations||||||659,042|1,591,025| |Cash flows from investing|||activities||||||| |Investment
income|received||||||||2,752| |Interest received|||||||5,799||413| |Purchase oftangible||assets|||||(434,074)||(9,760,957)| |Net cash (used in)|investing||activitim|||||(428,274)|(9,757,792)| |Cash flows from financing|||activities||||||| |New borrowing|||||||||4,900,000| |Loan repayments|||||||(107,262)||| |Interest payable|||||||(140,956)||(87,637)| |Net cash (used in)/provided|||by financing||activities|||(248718)|4,812,363| |Decrease in cash||||||||(17,450)|(3,354,404)| |Cash and cash equivalents|||at|the beginning||of|||| |the period||||||||4,216,248|7,570,652| |Cash and cash equivalents|||at|the end of|the||||| |period||||||||84,198,798|64,216,248| |Analysis ofcash and||cash equivalents|||||||| |Cash at bank||||||||f4,198,798|K4,2)6,248| |Analysis ofchanges||in net|asset/(debt)|||At I|Cash flows|Other|At 31August| |||||||September||movements|2022| |||||||2022f|||| |Cash and cash equivalents||||||4,216,248|(17,450)||4,198,798| |Short term borrawings||||||(153,125)|49,223||(103,902)| |Long term borrowings||||||(4,746,875)|58,039||(4,688,836)| |Net assets/(debt)||||||f(683,752)|689,812||$(593,940)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |FEEINCOME|||2022|2021f| |---|---|---|---|---| |Gross tuition fees|||7,760,561|5,775,401| |Less: bursaries|||(109,920)|(104,440)| |Less: staff discounts|||(58,623)|(41,774)| |Less: other discounts|||(42,013)|| ||||7,550,005|5,629,187| |Add: bursaries
funded|by restricted|funds|73,281|70,530| |Net tuition fees|||7,623,286|5,699,717| |Registration
fees|||17,700|24,898| |Other fees and extras|||283,706|187,540| ||||K7,924,693|65,912,155| |INVESTMENT INCOME|||2022|2021| |||||8| |Dividends||||2,752| |Interest receivable|||5,799|413| ||||85,799|63,165| |DONATION
AND GRANT INCOME|||2022|2021| |Bursary fund donations|||4,058|21,808| |Family fund donations|||32,744|23,728| |Other donations|||7,516|3,843| ||||f44,319|f49,379| ## ## ## |6.|TOTAL EXPENDITURE|TOTAL EXPENDITURE||||Staff|Other||Total| |---|---|---|---|---|---|---|---|---|---| |||||||Costs|Costs
f|Depreciation|2022| ||Charitable
activity||||||||| ||Teaching costs|||||3,599,733|646,938||4,246,671| ||Welfare costs||||||497,294||497,294| ||Premises costs|||||145,561|1,242,344|603,819|1,991,724| ||Support costs|||||489,347|378,023||867,371| ||Grants, awards &prizes||||||86,068||86,068| ||Raising funds||||||||| ||Fundraising
costs|||||28,837|94,086||122,923| ||Finance costs - interest payable||||||140,956||140,956| |||||||f4,263,478|63,085,709|6603,819|f7,953,007| ||Governance
included|in support costs:|||||||| ||Auditors
remuneration|—audit ofthe financial||||statements|||817,940| ||Auditors
remuneration|—other|||||||62,400| ||TOTAL EXPENDITURE||(2021)|||Staff|Other||Total| |||||||Costs|Costs|Depreciation|2021| ||||||||||rz| ||Charitable
activity||||||||| ||Teaching costs|||||2,842,250|403,015||3,245,265| ||Welfare costs||||||274,570||274,570| ||Premises costs|||||122,437|903,588|514,820|1,540,845| ||Support costs|||||404,320|328,018||732,338| ||Grants, awards
dc prizes||||||102,307||102,307| ||Raising funds||||||||| ||Fundraising
costs|||||28,821|35,011||63,832| ||Investment
management||costs||||87,637||87,637| |||||||f3,397,828|f2,134,146|f514,820|f6,046,794| ||Governance
included|in support||costs:|||||| ||Auditors
remuneration|—audit ofthe financial||||statements|||616,680| ||Auditors
remuneration|—other|||||||62280| |7.|STAFFCOSTS|||||||2022|2021| ||The average number ofemployees|||during|the|year|||| ||excluding
Governors|was:|||||||| ||Teachers|||||||62|49| ||Non-teachers|||||||14|10| |||||||||76|59| ## ## |STAFFCOSTS (continued)|STAFFCOSTS (continued)|||2022|2021f| |---|---|---|---|---|---| |Staff costs during the year|amounted|to:|||| |Wages and salaries||||3,384,312|2,675,898| |Social security costs||||335,188|254,190| |Other pension costs||||543,978|467,740| |||||f4,263,478|f3,397,828| |||||2022|2021| |||||Number|Number| |The number ofemployees|where emoluments||exceeded f60,000were:||| |f60,000 - f69,999|||||| |f70,000 - f79,999|||||| |f.140,000 - f,149,999
f160,000 -f169,999|||||| |No remuneration
is payable to any Govern|ors.
No expenses were re|imbursed
to govern|ors
in the year|(2021:f321).| |---|---|---|---|---| |TANGIBLE FIXEDASSETS||Fixtures||| |||Fittings and||| ||Land and|Computer|Motor|| ||Buildings|Equipment|Vehicles|Total| |COST||||| |At 1 September 2021|19,478,140|1,391,024|68,579|20,937,743| |Additions|349,774|84,300||434,074| |At 31August 2022|19,827,914|1,475,324|68,579|21,371,817| |DEPRECIATION||||| |At I September 2021|6,231,180|1,209,982|68,579|7,509,741| |Charge for the year|537,384|66,435||603,819| |At 31 August 2022|6,768,564|1,276,417|68,579|8,113,560| |NET BOOK VALUE||||| |At 31 August 2022|f13,059,350|f198,907||f13,258,257| |At 3I August 2021|f13,246,960|f,181,042|f;|f.13,428,002| ## ## ## ||TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|(continued)||2022|2021| |---|---|---|---|---|---|---|---| |||||||f|| ||Land and buildings|at net|book|value|||| ||comprise||||||| ||Freehold property|||||11,452,140|11,450,602| ||Leasehold
property|||||1,607,210|1,796,358| |||||||f13,059,350|f13,246,960| |9.|DEBTORS|||||2022|2021| |||||||f|f| ||Fees and charges receivable|||||1,593,394|663,814| ||Other debtors|||||7,877|10,825| ||Prepayments
and accrued||income|||342,972|158,027| |||||||f1,944,243|f832,666| |10.|CREDITORS: Amounts||falling due within||one year|2022
f|2021
f| ||Trade creditors|||||324,403|219,499| ||Fees charged
and fees received|||in advance||2,839,292|2,055,874| ||Fee deposits|||||52,000|52,000| ||Other creditors|||||85,056|79,716| ||Accruals|||||188,025|281,690| ||Social security and|other|taxes|||83,206|67,178| ||Bank loan (see note|12)||||103,902|153,125| |||||||f3,675,884|f2,909,082| ## ## ## |11.|CREDITORS: Amounts
falling due after one year|CREDITORS: Amounts
falling due after one year|2022|2021
f| |---|---|---|---|---| ||Fee deposits||734,000|728,000| ||Bank loan (see note|12)|4,688,836|4,746,875| ||||f5,422,836|f5,474,875| |12.|BANK LOANS||2022
f|2021
f| ||Bank loan maturity|analysis||| ||Amounts
falling due|within one year|103,902|153,125| ||Amounts
falling due|1-2 years|110,090|150,832| ||Amounts
falling due|2-5 years|371,202|478,651| ||Amounts
falling due|more than 5 years|4,207,544|4,117,392| ||||f4,792,738|f4,900,000| |13.|FUNDS|||Balance at|||Balance at| |---|---|---|---|---|---|---|---| |||||ISeptember|Income|Expenditure|31August| |||||2021f|||2022
f| ||Unrmtricted|funds|||||| ||General funds|||9,744,134|8,122,940|(7,879,726)|9,987,348| ||Restricted funds||||||| ||Bursary fund|||319,259|4,058|(73,281)|250,036| ||Family fund|||18,630|32,745||51,375| ||School equipment||fund|15,038|3,800||18,838| |||||f10,097,061|I8,163,543|(7,953,007)|610,307,597| ## ## ## |13.|FUNDS (2021)|Balance at|Balance at|||||Balance at|| |---|---|---|---|---|---|---|---|---|---| |||I September||Income||Expenditure||31August|| ||||2020|||||2021|| ||||f||||||| ||Unrestricted
funds||||||||| ||General
funds|9,754,005||5,955,478|||(5,965,349)|9,744,134|| ||Rmtricted
funds||||||||| ||Bursary fund|367,981||21,808|||(70,530)|319,259|| ||Family fund||5,817|23,728|||(10,915)|18,630|| ||School equipment||11,338|3,700||||15,038|| |||I10,139,141||I6,004,714|||X(6,046,794)|$10,097,061|| |14.|ANALYSIS OF NKT ASSETSBETWEEN|||FUNDS|||Unrestricted|Restricted|Total| ||2022||||||Funds|Funds|Funds| ||Fixed asset||||||13,258,257||13,258,257| ||Net current assets||||||2,151,927|320,249|2,472,176| ||Creditors
due after more than one year||||||(5,422,836)||(5,422,836)| ||||||||I9,987,348|6320,249|f10,307,597| ||ANALYSIS OFNETASSETSBETWEEN|||FUNDS|||Unrmtricted|Restricted|Total| ||2021||||||fends|fundsI|fundsI| ||Fixed asset||||||13,428,002||13,428,002| ||Net current assets||||||1,791,007|352,927|2,143,934| ||Creditors
due after more than one year||||||(5,474,875)||(5,474,875)| ||||||||89,744,134|X352,927|810,097,061| |15.|OTHER FINANCIAL COUNTS||||||||| |||||||||Land and|buildings| |||||||||2022|2021f| ||The future
minimum
lease payments||under non-cancellable||operating||leases:||| ||Within one year|||||||340,000|340,000| ||Between two and five years|||||||1,360,000|1,360,000| ||Afier more than 5 years|||||||1,893,753|2,233,753| |||||||||f3,593,753|f3,933,753| ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total| |---|---|---|---|---|---| ||||Funds|Funds|Funds| ||||2021|2021|2021| ||||f.|f|f| |INCOME FROM:|||||| |Charitable
activities:|||||| |School fee income||3|5,912,155||5,912,155| |Other ancillaty
income|||27,677||27,677| |Other trading activities:|||||| |Rental income|||12,338||12,338| |Investment
income||4|3,165||3,165| |Donations||5|143|49,236|49,379| |TOTAL INCOME|||85,955,478|649,236|86,004,714| |EXPENDITURE ON:|||||| |Charitable
activity:|||||| |School Operating
Costs:|||||| |Teaching costs|||3,245,265||3,245,265| |Welfare costs|||274,570||274,570| |Premises costs|||1,540,845||1,540,845| |Support costs ofschooling|||732,338||732,338| |Grants, awards and prizes|||20,862|81,445|102,307| ||||5,813,880|81,445|5,895,325| |Raising funds:|||||| |Fundraising
costs|||63,832||63,832| |TOTAL EXPENDITURE||6|f5,965,349|f81,445|f6,046,794| |NET
INCOME/(EXPENDITURE)|BEFORE||||| |TRANSFERS &|||||| |INVESTMENT LOSSES|||(9,871)|(32,209)|(42,080)| |Net losses on investments|||||| |NET MOVEMENT IN FUNDS|||(9,871)|(32,209)|(42,080)| |BALANCE BROUGHT FORWARD|||||| |AT I SEPTEMBER2020|||9,754,005|385,136|10,139,141| |BALANCE CARRIED FORWARD|||||| |AT31AUGUST 2021||13|$9,744,134|f352,927|f10,097,061|