## |||||Page|| |---|---|---|---|---|---| |Report ofthe Trustees|||I|to|6| |Report ofthe Independent
Auditors|||7|to|9| |Statement ofFinancial|Activities|||10|| |Statement ofFinancial|Position||||| |Statement ofCash Flows||||12|| |Notes to the Statement|of(.'ash|I'iowa||13|| |Notes to the Financial|Statement:||1st|to|24| |Detailed Statement ol'Finatxial||Activities|25|to|26| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||fund|fund|funds|funds| |||Notes|f.|||| |INCOME AND ENDOWMENTS FROM||||||| |Fees received||2|2,825,854||2,825,854|2,411,090| |Other income|||66,271|88,711|154,982|98,041| |Government
grants received||||||13,177| |Total|||2,892,125|88,711|2,980,836|2,522,308| |EXPENDITURE ON||||||| |Direct charitable
expenditure|||1,660,591||1,660,591|1,375,328| |Charitable
activities||||||| |Educational
Activities|||494,949|74,579|569,528|416,325| |Support Cost|||418,795|376|419,171|286,967| |Total|||2,5'/4 335|'/4 955|2 649290|2 078620| |NET INCOME|||317,790|13,756|331,546|443,688| |RECONCILIATION|OF FUNDS|||||| |Total funds brought
forward|||835,316|136,400|971,716|528,028| |TOTAL FUNDS CARRIED FORWARD|||1,153,106|150,156|1,303,262|971,716| |||||2022|2021| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||fund|fund|funds|funds| ||Notes||||| |FIXEDASSETS|||||| |Tangible assets|12|1,027,976|108,449|1,136,425|892,112| |CURRENT ASSETS|||||| |Stocks|13|11,674||11,674|6,712| |Debtors|14|691,947||691,947|584,872| |Cash at bank and in hand||1,290,514|41,787|1,332,301|890,964| |||1,994,135|41,787|2,035,922|1,482,548| |CRFDITORS|||||| |Amounts
falling due within one year|15|(1,388396)|(80)|(1,388,476)|(1,131,568)| |NET CURRENT ASSETS||605,739|41,707|647,446|350,980| |TOTAL ASSETSLESSCIIRRENT|||||| |LIABILITIES||1,633,715|150,156|1,783,871|1,243,092| |CREDITORS|||||| |Amounts
falling due after more than one year|16|(480,609)||(480,609)|(271,376)| |NETASSETS||1,153,106|150,156|1003,262|971,716| |FUNDS|20||||| |Unrestricted
funds||||1,153,106|835,316| |Restricted
funds||||150,156|136,400| |TOTAL FUNDS||||1,303462|971,716| ## ||||Statement ofCash Flows|Statement ofCash Flows||| |---|---|---|---|---|---|---| ||||for the Year Ended 31 Au|ust|2022|| ||||Notes||2022|2021f| |Cash flows from operating||activities||||| |Cash generated
from operations|||||610,877|628,739| |Interest element offinance|lease payments|||||| |paid|||||(207)|(622)| |Net cash provided
by operating
activities|||||610,670|628,117| |Cash flows from investing||activities||||| |Purchase oftangible fixed|assets||||(350,603)|(143,395)| |Sale oftangible fixed assets|||||1,000|| |Interest received|||||296|| |Net cash used in investing|activities||||(349,307)|(143,390)| |Cash flows from financing||activities||||| |Ncw loans in year|||||477,077|| |I,oan repayments
in year|||||(290.3581|(56, 1'/9)| |Capital repayments
in year|||||(1,745)|(5,237)| |Net cash provided
by/(used||in) financing|activities||179,974|(61,416)| |Change
in cash and cash|equivalents||in|||| |the reporting
period|||||441,337|423,311| |Cash and cash equivalents||at the||||| |beginning
ofthe reporting||period|||890,964|467,653| |Cash and cash equivalents||at the end|of|||| |the reporting
period|||||1,332,301|890,964| ## ## |||for the Year Ended 31 Au
ust 202|for the Year Ended 31 Au
ust 202|for the Year Ended 31 Au
ust 202|for the Year Ended 31 Au
ust 202|2|2|2| |---|---|---|---|---|---|---|---|---| |RECONCILIATION||OF NET INCOME TO NET CASH FLOW||||FROM OPERATING ACTIVITIES||| ||||||||2022|2021| ||||||||f|| |Net income for the|reporting|||period (as per the Statement ofFinancial||||| |Activities)|||||||331,546|443,688| |Adjustments
for:||||||||| |Depreciation
charges|||||||103,626|86,187| |Loss on disposal of|fixed||assets||||1,665|57| |Interest received|||||||(296)|(5)| |Interest element ofhire||purchase|||and finance lease rental payments||207|622| |Increase in stocks|||||||(4,962)|(357)| |Increase in debtors|||||||(107,075)|(9,585)| |Increase in creditors|||||||286,166|108,132| |Net cash provided|by|operations|||||610,877|628,739| |ANALYSIS OF CHANGES IN|||||NET FUNDS|||| ||||||At|1 921|( ash flow|At 31.8.22| |Net cash||||||||| |Cash at bank and in|hand||||890,964||441,337|1,332,301| ||||||890,964||441,337|1,332,301| |Debt||||||||| |Finance leases||||||(1,745)|1,745|| |Debts falling due within|||I year|||(54,323)|11,857|(42,466)| |Debts falling due after||1|year||(271,276)||(193,577)|(464,853)| ||||||(327,344)||(179,975)|(507,319)| |Total||||||563,620|261,362|824,982| ## ## ## |Improvements|to property|at varying
rates on cost| |---|---|---| |Short leasehold||at varying rates on cost| |Construction|in progress|not provided| |Gymnasium||4% on cost| |Pavilion||5%on cost| |Fixtures and|fittings|10%on cost| |School equipment||25%on cost| ## ## ## ## ## ## ## ||||2022|2021| |---|---|---|---|---| ||||8|| |Fccs|||2,491,092|2,183.796| |Extra subject|fees||58,40/|61,736| |Catering|||93,216|| |Multi-sensory|support||77,123|98,737| |Transport|||106,016|66,821| ||||2,825,854|2,411,090| |OTHER INCOME||||| ||||2022|2021| |Donations received|||92,480|40,830| |Deposit account interest|||296|5| |Sundry receipts|||62,206|57,206| ||||154,982|98,041| |GOVERNMENT||GRANTS RECEIVED||| ||||2022|2021| ||||f.|| |Job Retention|Scheme|||13,177| ## ## ## ## ## ||DIRECT CHARITABLE EXPENDITURE|DIRECT CHARITABLE EXPENDITURE|DIRECT CHARITABLE EXPENDITURE||||| |---|---|---|---|---|---|---|---| ||Raising donations
and legacies||||||| |||||||2022|2021| ||Staffcosts|||||1,475,824|1,215,436| ||Departmental|resources||||96,178|69,244| ||Examination|costs||||13,842|5,816| ||Music tuition|sub contract||||9,802|9,606| ||Information|technology||||27,999|26,611| ||Trip expenses|||||36,739|47,993| ||Interest payable||and similar charges|||207|622| |||||||1,660,591|1,375,328| |6.|CHARITABLE||ACTIVITIES COSTS||||| |||||||Support|| ||||||Direct|costs (see|| ||||||Costs|note 7)|Totals| |||||||8|| ||1;ducatlonal|Activities|||443,622|125,906|569,528| ||Support Cost||||60,471|358,700|419,17]| ||||||504,093|484,606|988,699| |7.|SUPPORT|COSTS|||||| |||||||Governance|| |||||Management|Other|costs|Totals| ||Educational|Activities||125,906|||125,906| ||Support Cost|||329,366|17,814|11,520|358,700| |||||455,272|17,814|11,520|484,606| ## |||2022|2021| |---|---|---|---| |Auditors'
remuneration||7,056|6,719| |Auditors'
remuneration
for non audit|work|4,464|4,320| |Depreciation - owned assets||103,625|85,139| |Depreciation - assets on hire purchase|contracts and finance leases||1,048| |Other operating
leases||111,197|105,107| |Deficit on disposal offixed assets||1,665|57| ## ## ## ## ## |STAFF COSTS||||| |---|---|---|---|---| ||||2022|2021| |Salaries|||1,519,878|1,242,973| |Social security costs|||138,651|101,433| |Pensions|||28,014|23,384| ||||1,686,543|1,367,790| |The average monthlv|number ol'emplovees|during the year was as follows:||| ||||2022|2021| |Teaching staff|||44|40| |Non teaching staff|||19|18| ||||63|58| ## |In the current
year there
was one employee
who had employee
benefits
in exce
f70,000(2021:I).|In the current
year there
was one employee
who had employee
benefits
in exce
f70,000(2021:I).|ss of f60,000|but less
tha| |---|---|---|---| |COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||| ||Unrestricted|Restricted|Total| ||fund|fund|funds| ||||8| |INCOME AND ENDOWMENTS|FROM||| |Fees received|2,411,090||2,411,090| |Other income|58,999|39,042|98,041| |Ciovernment
grants received|13,177||13,177| |Total|2,483,266|39,042|2,522,308| |EXPENDITURE ON|||| |Direct charitable
expenditure|1,375,328||1,375,328| |Charitable
activities|||| |Educational
Activities|382,500|33,825|416,325| |Support Cost|286,967||286,967| |Total|2,044,795|33,825|2,078,620| |NET INCOME|438,471|5,217|443,688| ## ## |11.|COMPARATIVES|FORTHE STATEMENT|FORTHE STATEMENT|OF FINANCIAL|ACTIVITIES|- continued|| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total| ||||||fund|fund|funds| ||RECONCILIATION||OF FUNDS||||| ||Total funds brought|forward|||396,844|131,184|528,028| ||TOTAL FUNDS CARRIED FORWARD||||835,315|136,401|971,716| |12.|TANGIBLE FIXEDASSETS||||||| |||||Improvements||Construction|| |||||to|Short|in|| |||||property|leasehold|progress|Gymnasium| ||COST||||||| ||At
1 September 2021|||617,029|161,710|14,835|77,088| ||Additions|||216,764|||| ||DNposals||||||| ||Reclassification|||||(2,305)|| ||At 31 August 2022|||833,793|161,710|12,530|77,088| ||DEPRECIATION||||||| ||At I September 2021|||189,361|161,486||77,088| ||Charge
1'or year|||30,985|75||| ||Eliminated
on disposal||||||| ||At 31 August 2022|||220,346|161,561||77,088| ||NET BOOK VALUE||||||| ||At 31 August 2022|||613,447|149|12,530|| ||At 31 August 2021|||427,668|224|14,835|| ## ## ## |||Fixtures||| |---|---|---|---|---| |||and|School|| ||Pavilion|fittings|equipment|Totals| |||||f.| |COST||||| |At
1 September 2021|83,179|509,802|285,445|1,749,088| |Additions||80,295|53,544|350,603| |Disposals||(3,676)|(7,528)|(11,204)| |Re classification||2,305||| |At 31 August 2022|83,179|588,726|331,461|2,088,487| |DEPRECIATION||||| |At
1 September 2021|12,932|188,160|227,949|856,976| |Charge for year|4,159|45,054|23,352|103,625| |Eliminated
on disposal||(1,011)|(7,528)|(8,539)| |At 31 August 2022|17,091|232,203|243,773|952,062| |NFT BOOK VAI,IJE||||| |At 31 August 2022||356,523|87,688|1,136,425| |At 31 August 2021|70,247|321,642|57,496|892,112| |||Fixtures| |---|---|---| |||and| |||fittings| |COST||| |At|I September 2021|10,472| |Transfer to ownership||(10,472)| |At|31 August 2022|| |DEPRECIATION||| |At|1 September 2021|1,833| |Transfer to ownership||(1,833)| |At|31 August 2022|| |NET BOOK VALUE||| |At|31 August 2022|| |At|31 August 2021|8,639| ## |13.|STOCKS||||| |---|---|---|---|---|---| |||||2022|2021| |||||f.|f| ||Stocks|||11,674|6,712| |14.|DEBTORS:AMOUNTS||FALLING DUK WITHIN ONK YEAR||| |||||2022|2021| ||Fees outstanding|||650,360|544,542| ||Bad debts provision|||(15,980)|(7,920)| ||Other debtors|||11,485|12,632| ||Prepayments
and accrued||income|46,082|35,618| |||||691,947|584,872| |15.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||| |||||2022|2021| ||Bank loanr, and overdratts||(see note 17)|47,466|o,gs6| ||Other loans (see note|1'/)|||44,467| ||Finance leases (see note 18)||||1,745| ||Trade and other creditors|||116,564|91,270| ||Social security and other taxes|||33,610|25,675| ||Fees paid in advance|||24,906|9,281| ||Deposits
in advance|||700|1,200| ||Other creditors|||9,207|9,651| ||Accruals
and deferred|income||1,]01,481|884,008| ||Accrued expenses|||59,542|54,415| |||||1,388,476|1,131,568| |16.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR||||| |||||2022|2021| ||Bank loans (see note|17)||464,853|40,315| ||Other loans (see note|17)|||230,96]| ||Fees paid in advance|||15,756|| ||Deposits
in advance||||100| |||||480,609|271,376| ## ## ## |An analysis|ofthe maturity||ofloans is given below:||| |---|---|---|---|---|---| |||||2022|2021| |Amounts
falling due within|||one year on demand:||| |Bank loans||||42,466|9,856| |Other loans|||||44,467| |||||42,466|54,323| |Amounts
falling between||one and two years:|||| |Bank loans|- 1-2 years|||46,053|10,034| |Other loans|—1-2years||||44,467| |||||46,053|54,501| |Amounts
falling due between two and five years:|||||| |Bank loans|- 2-5 years|||148,053|30,281| |Other loans|- 7-5 vcars||||133,401| |||||148,053|163,682| |Atnounts
falling due in more than five years:|||||| |Repayable|by instalments:||||| |Bank loans|more 5 yr by|instal||270,747|| |Other loans|more 5yrs instal||||53,093| |||||270,747|53,093| ## |||Finance lenses|Finance lenses| |---|---|---|---| |||2022|2021| |||f,|| |Net obligations|repayable:||| |Within one year|||1,745| |||Non-cancellable|operating| |||leases|| |||2022|2021| |||f|| |Within one year||33,525|33,617| |Between one and five years||20,346|53,870| |||53,871|87,487| ## ## ## |2022|2021| |---|---| |467,003|| ## |MOVEMENT IN FUNDS|||||| |---|---|---|---|---|---| |||||Net|| |||||movement|At| ||||At 1.9.21|in funds|31.8.22| |Unrestricted
funds|||||| |General
fund|||835,316|317,790|1,153,106| |Restricted
funds|||||| |Fouiulatiou
I'uud|||136,400|13,756|150,156| |TOTAL FUNDS|||971,716|331,546|1,303,262| |Nct movcmcnt
in funds, included||in thc above are as follows:|||| ||||Incoming|Resources|Movement| ||||resources
f|expended
f|in funds| |Unrestricted
funds|||||| |General fund|||2,892,125|(2,574,335)|317,790| |Restricted
funds|||||| |Foundation
fund|||88,711|(74,955)|13,756| |TOTAL FUNDS|||2,980,836|(2,649,290)|331,546| |Comparatives
for movement|in|funds|||| |||||Net|| |||||movement|At| ||||At 1.9.20|in funds|31.8.21| |Unrestricted
funds|||||| |General
fund|||396,844|438,472|835,316| |Restricted
funds|||||| |Foundation
fund|||13],184|5,216|136,400| |TOTAL FUNDS|||528,028|443,688|971,716| ## ## ## ||||||Incoming|Resources|Movement| |---|---|---|---|---|---|---|---| ||||||resources|expended|in funds| |||||||f.|| |Unrestricted||funds|||||| |General
fund|||||2,483,266|(2,044,794)|438,472| |Restricted|funds||||||| |Foundation|fund||||39,042|(33,826)|5,216| |TOTAL FUNDS|||||2,522,308|(2,078,620)|443,688| |A current year||12months|and prior year 12months|combined|position
is as follows:||| |||||||Net|| |||||||movcmcnt|At| ||||||At 1.9i20|in funds|31.8.22| |Unrestricted||funds|||||| |General
fund|||||396,844|756,262|1,153,106| |Restricted|funds||||||| |Foundation|fund||||131,184|18,972|150,156| |TOTAL FUNDS|||||528,028|775,234|1,303,262| ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||f.||| |Unrestricted
funds|||| |General
fund|5,375,391|(4,619,129)|756,262| |Restricted
funds|||| |Foundation
fund|127,753|(108,781)|18,972| |TOTAL FUNDS|5,503,144|(4,727,910)|775,234| ## |2022|2021| |---|---| |127,668|| ## ## ## ## |||||Cransle
School Limited|Cransle
School Limited||| |---|---|---|---|---|---|---|---| |||||Detailed Statement ofFinancial Activities|||| |||||for the Year Ended 31 Au
ust 2022|||| |||||||2022|2021| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|funds|funds| |INCOME AND||ENDOWMENTS|||||| |Fees received|||||||| |Fees||||2,491,092||2,491,092|2,183,796| |Extra subject|fees|||58,407||58,407|61,736| |Catering||||93,216||93,216|| |Multi-sensory|support|||77,123||77,123|98,737| |Transport||||106,016||106,016|66,821| |||||2,825,854||2,825,854|2,411,090| |Other income|||||||| |Donations
received||||3,796|88,684|92,480|40,830| |Deposit account||interest||269|27|296|5| |Sundry receipts||||62,206||62,206|57,206| |||||66,271|88,711|154,982|98,041| |Government|grants||received||||| |Job Retention|Scheme||||||13,177| |Total incoming||resources||2,892,125|88,711|2,980,836|2,522,308| |EXPENDITURE|||||||| |Raising donations|||and legacies||||| |Support staff|costs|||255,463||255,463|178,173| |Academic stafi'salaries||||1,220,361||1,220,361|1,037,263| |Departmental|resources|||96,178||96,178|69,244| |Examination|costs|||13,842||13,842|5,816| |Music tuition|sub contract|||9,802||9,802|9,606| |Information
technology||||27,999||27,999|26,6]I| |Trip expenses||||36,739||36,739|47,993| |Leasing||||207||207|622| |||||1,660,591||1,660,591|1,375,328| |Charitable
activities|||||||| |Rent||||78,480||78,480|71,980| |Rates and water||||13,762||13,762|13,609| |Insurance||||59,517||59,517|55385| |Light and heat||||45,742||45,742|29,580| |Cleaning||||58,988||58,988|34,632| |Pensions||||28,014||28,014|23,384| |Catering||||36,357||36,357|2,162| |Sundry transport||||77,382||77,382|58,552| |Covid related|costs|||560||560|4,188| |Carried forward||||398,802||398,802|293,372| ## ||||Detailed Statement ofFinancial Activities|Detailed Statement ofFinancial Activities|Detailed Statement ofFinancial Activities|||| |---|---|---|---|---|---|---|---|---| ||||for the Year Ended 31 Au
ust 2022|||||| ||||||||2022|2021| |||||Unrestricted|Restricted||Total|Total| |||||funds|funds||funds|funds| ||||||f.||f.|f.| |Charitable
activities||||||||| |Brought forward||||398,802|||398,802|293,372| |Depreciation ofimprovements||to property||29,611|1,375||30,986|26,218| |Depreciation ofshort leasehold||||75|||75|1,665| |Depreciation offixtures|and fittings|||43,022|2,032||45,054|37,010| |Depreciation ofpavilion||||258|3,901||4,159|4,159| |Depreciation ofschool|equipment|||17,825|5,527||23,352|17,135| |Loss on sale oftangible|fixed assets|||1,665|||1,665|57| |||||491,258|12,835||504,093|379,616| |Support costs||||||||| |Management||||||||| |Management
and clerical salaries||||151,676|||151,676|119,528| |Other operating
leases||||32,717|||32,717|33,127| |Postage and telephone||||9,710|||9,710|7,438| |Printing
and stationery||||31,058|||31,058|19,862| |Sundrv expenses||||43,642|61,744||105,386|47,133| |Legal and professional|fees|||21,498|||21,498|22,468| |Bad debts||||(2,50 /)|||(2,507)|(1,0'/6)| |Bank charges||||16,088|||16,088|2,573| |Repairs and renewals||||73,512||376|73,888|45,058| |Health and safety||||15,758|||15,758|| |||||393,152|62,|120|455,272|296,111| |Other||||||||| |Marketing
and public|relations|||17,814|||17,8]4|16,526| |Governance
costs||||||||| |Auditors'
remuneration||||7,056|||7,056|6,719| |Auditors'
remuneration|for non audit||work|4,464|||4,464|4,320| |||||11,520|||11,520|11,039| |Total resources expended||||2,574,335|74,955||2,649,290|2,078,620| |Net income||||317,790|13,756||331,546|443,688|