| Report ofthe Trustees | 1 | ni | 7 | |
|---|---|---|---|---|
| Report ofthe independent Auditcm |
8 | to | 10 | |
| Statement ofFinancial | Aci'vities | |||
| Ststemem ofFmaucisl | Position | 12 | ||
| Snsemcnt cfCash Flows | 13 | |||
| Notes tothe Statemeat | ofGeh Flows Fmanriat |
14 | ||
| Nonm ui the Financial | Statemeats | 13 | to | 24 |
| Detrdted Statement of | Activitie | 25 | to | 26 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Restricted | Total | Tmsl | |||
| fundf | fundsf | fundsf | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Feesreceived | 2 | 3386rt25 | 338tx925 | 2,825,854 | |
| Other income | 1$0,1$1 | 386,729 | 154,982 | ||
| Total | M67,106 | 206548 | 3,773,654 | 25t80,836 | |
| EXPENDITURE ON | |||||
| Direct charhable expenditure | 4 | 1,975,060 | 2314 | 1,977@74 | 1,667,043 |
| 5 | |||||
| 65QQS | 53,795 | 710,620 | 569~ | ||
| 526ct50 | 96 | 527,046 | 412,719 | ||
| Total | 3,1582135 | 56205 | 3315,040 | 2,649,290 | |
| NET INCOME | 150,343 | 55$,614 | 331/46 | ||
| RECONCILIATION OFFUNDS | |||||
| Total funds bmught forannd | 1,153,106 | 150,156 | 1303~2 | 971,716 | |
| TOTAL FUNDS CARRIED FORWARD | I&1377 | 300,499 | 1,861,876 | 1303262 |
| t~tl | Bd | |||||
|---|---|---|---|---|---|---|
| Ststunmat | ofFmsncisl Position | |||||
| 2023 | 2022 | |||||
| Total | Tend | |||||
| gmds | Smds | |||||
| IrIXRD | ASSETS | |||||
| Tmtgible | assets | 11 | I~&,674 | 148336 | 1,407,010 | 1,136,4?5 |
| 12 13 |
I?792 739,646 |
12,792 739~ |
11,674 691,947 |
|||
| 1,479~1 | 1,633 rt28 | 133&300 | ||||
| 2332,009 | 154357 | 2,38ts366 | 2,035$21 | |||
| 14 | (1,477 F99) | (2,195) | (1,480,194) | (1$88,475) | ||
| 754,010 | 152,162 | 647,446 | ||||
| 2,0~ | 300,498 | ~13,182 | 1,783301 | |||
| 15 | (451~) | (451~6) | (480,609) | |||
| 1461378 | 300,498 | 1,861,876 | V03462 | |||
| 19 | ||||||
| 1&1378 | 1,153,106 | |||||
| 300.498 | 150,156 | |||||
| 1351/76 | I@03~ |
| Statement ofGnb Bows | ||||
|---|---|---|---|---|
| etu | 2023 | |||
| Notes | 2023 | 2022f | ||
| Cash flows from operating acflvlties Cash~Bum operations late@st tarid interest element ofhire pumbase orBnsnce |
789,645 (32481) |
617330 (6,452) |
||
| lease rental payments paid |
(207) | |||
| Nct cash psMdlxl by Opeiatulg acuvlues | 610,671 | |||
| Cash flows from investing | scflvtflm | |||
| Purchase ofumgible fixed assets Saleoftangtlite fixed assets intmuu received |
(416+82) 3311 |
(350,603) 1,000 |
||
| Net cash used in investing activities | (412P71) | (349,307) | ||
| Cash flows fram financing | acflvltbu | |||
| New loses ia year | 472,077 | |||
| Loan repayments in year |
(42,465) | (29th358) | ||
| Cspiml repayments in year |
(1,745) | |||
| Net cash (med in)/provided | by financing activities | (42,465) | 179,974 | |
| Change in cash and cash equivaleats | in | |||
| thc reporhag period | 301,62$ | 441338 | ||
| Cash and cash eqoivsleats | atthe | |||
| beginaiog ofthe reporting | period | 1332300 | 890,962 | |
| Cash snd cash eqaivaleats | atthe end | of | ||
| the reporting period |
1,633,928 | 1332,300 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Net income Activities) |
forthe reporting period (asper the Statement ofFinancial | 558,614 | 331~ | |||
| Adjustments | for. | |||||
| Depreciation | charges | 145338 | 103,626 | |||
| Loss an disposal ofSxed assets | 458 | 1,665 | ||||
| Interest received Inasest paid |
(3/I 1) 3MSI |
(296) 6,452 |
||||
| Interest element ofhne purchase and fmance lease tental payments | 207 | |||||
| Increase in stocks | (1.118) | (4,962) | ||||
| Increase ia debtors | (47,699) | (107,075) | ||||
| Increase in credinns | 104,882 | 286,167 | ||||
| Net cash provided by operatiaas | 789,645 | 617330 | ||||
| 2. | ANALYSIS | OFCHANGES INNET FDNDS | ||||
| At 1.9.22 | Cash Bow | At31.823 | ||||
| 8 | 6 | |||||
| Net each | ||||||
| Cash at bank | snd lit hand | 133~00 | 301,628 | 1,633,928 | ||
| 1332300 | 301,628 | 1,633,928 | ||||
| Debt | ||||||
| Debts gdling | due within Iyear | (42,466) | (3487) | (46,053) | ||
| Debts lalling | due atter I year | (464,853) | 46,054 | (418,799) | ||
| (507319) | 42,467 | (464,852) | ||||
| Tainl | 824 | ttg1 | 344,095 | 1,169,076 |
| life or,ifheld | under sfinsnro lea | se, over the lease tarn, whichev |
|---|---|---|
| lmpmvements | loproperly | at varymg mtm on coal |
| Short leasehold | stvmymg rates oncost | |
| Consiructioa | in progress | not provided |
| Gymnasium | 45kimcost | |
| PaviTion | 5%on oost | |
| Fixtures and | fittings | 11%cncost |
| Scbool equipmeut | 2554on cost |
| 2023f | 2022 | ||
|---|---|---|---|
| Fees Extra subject |
Ses | 2.856,802 94,817 |
2,491,092 58.4tVI |
| Catering Mldh~ |
support | 187,170 12?„073 |
93,216 TI,123 |
| Transpo!t | 1265163 | 106,016 | |
| 3386 tt25 | "825,854 | ||
| OTHER INCOME | |||
| 2023f | 2022f | ||
| Dousdom received | 215,068 | 92,480 | |
| Deposit account interest | 2,658 | 296 | |
| Other interest | 6% | ||
| Sundry receipts | 16IL350 | 62206 | |
| 386,T29 | 154.982 |
| DIRECTCHARITABLE EXPENDITURE | ||
|---|---|---|
| Raiabtg donations and legacies |
||
| Staffcosts ~bd rcsaltlccs |
2023f 1,701310 12?510 |
2022f 1,475,824 96,178 |
| Examination casts Music tuition sub oonuact I~n technology |
13,787 8,609 3tb509 |
13,&42 9,802 27,999 |
| Tip expenses | 6&,068 | 36,739 |
| Interest payable and similar charges | 32/8 1 | 6,659 |
| 1rt?7@74 | 1,667,043 |
| Support | ||||||
|---|---|---|---|---|---|---|
| Direct | costs (see | |||||
| Costsf | note 6) | Totalsf | ||||
| Educadonal | Acdvlties | 567083 | 143337 | 710,620 | ||
| Support Cost | 74W5 | 452,181 | 527,046 | |||
| 642,248 | 595,418 | 1/37,666 | ||||
| 6. | SUPPORT | COSTS | ||||
| Managementf | Totalsf | |||||
| Educational | Activities | 143~7 | 143~7 | |||
| Sttpport Cmx | 415,445 | 24vt12 | 12524 | 452,181 | ||
| 558,682 | 24312 | 12424 | 595,418 |
| 2023f | 2022f | ||
|---|---|---|---|
| Auditaa' remunerauoa |
7t/38 | 7,056 | |
| Audinns' mmuncradon |
for nan audit work | 4J86 | 4,464 |
| Deprecmtian - owned | assets | 145~9 | 103.625 |
| Other peratiag leases Deficit on disposal af |
fixed assets | 113tt41 458 |
111,197 1,665 |
| 2023f | 2022 6 |
|||
|---|---|---|---|---|
| Salaries Social security costs |
1,763,421 158,618 |
1419,878 138,651 |
||
| Pensions | 27,845 | 28,014 | ||
| 1,949,884 | 1,686~3 | |||
| The average monthly | number ofemployees | during the year was es follmvs: | ||
| 2023 | 2022 | |||
| Teachutg shdf | 53 | 44 | ||
| Non teaching sudf | 19 |
| Umestricted | Restricted | Total | ||
|---|---|---|---|---|
| fund | gmd | finuh | ||
| INCOME AND | ENDO~ FROM | 6 | 6 | |
| Fete received | 2,825,854 | |||
| Other income | 66371 | 88,711 | 154g82 | |
| Total | 2,89?„125 | 88,711 | 25t80,836 | |
| EXPENDITURE ON | ||||
| Direct charitable | xpcndbum | 1,667,043 | 1,667,043 | |
| Charitable activides |
||||
| Activides | 494tt49 | 74,579 | 569428 | |
| Support Cost | 412343 | 376 | 412,719 | |
| Tottd | M74335 | 74,955 | 2,649390 | |
| NET INCOME | 317,790 | 13,756 | 331PI6 |
| the Y | 31Au 2 |
02 | |||
|---|---|---|---|---|---|
| 10. | COMPARATIVES FORTHE STATEMENT | OFFINANCIAL | ACTIViTIES | -cont'musd | |
| Umestricted | Restncted | Total | |||
| fund f |
fund | fimdsf | |||
| RECONCILIATION OFFUNDS | |||||
| Total gmds bmugbt forward | 835316 | 136,400 | 971,716 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,153,106 | 150,156 | 1303~ | ||
| 11. | TANGIBLE FIXEDASSETS | ||||
| Short | |||||
| leaseholdf | Gymnasimnf | ||||
| COST | |||||
| At I September 2022 | $33,793 | 161,710 | 12430 | 77,088 | |
| Additions | 325,110 | ||||
| Disposals | (5,708) | ||||
| At31August 2023 | 1,153,195 | 161,710 | 12,530 | TI,088 | |
| DEPRECIATION | |||||
| At 1September 2022 | 22((346 | 161461 | |||
| Clogs gtr year | 4$/28 | 75 | |||
| FJiminated on disposal | (5,708) | ||||
| At 31August 2023 | 161,636 | ||||
| NETBOOKVALUE | |||||
| At31August 2023 | 890,029 | 12,530 | |||
| At31August 2022 | 613,447 | 149 | 12,530 | ||
| Fixnues | |||||
| snd | Scbool | ||||
| Strings | txpnpmcmf | Totalsf | |||
| COST | |||||
| At I September 2022 | 58$,726 | 331,461 | 2,088,487 | ||
| Additions | 41384 | 49,888 | 41tx282 | ||
| Disposals | (500) | (6,208) | |||
| At31August 2023 | 83,179 | 630,010 | 380W9 | 2,49IL561 | |
| DEPRECIAllON | |||||
| At I Septeusber 2022 | 17,091 | 232303 | 243,773 | 952,062 | |
| Charge foryear | 4,159 | 51385 | 41,092 | 145339 | |
| Eliminated on disposal |
(42) | (5,750) | |||
| At31Augtua 2023 | 21%0 | 283488 | L091~1 | ||
| NETBOOKVALUE | |||||
| At31August 2023 | 6IrI29 | 96,026 | L407,010 | ||
| At31August 2022 | 35ts523 | 87,688 | 1,136,425 |
| STOCKS | |||
|---|---|---|---|
| 2023 f |
2022 f |
||
| 12,792 | 11,674 | ||
| DEBTORS: | AMOUNTS FALLING DUE WITIIIN ONE YEAR | ||
| 2022 | |||
| Feesauatandiog | 702,647 | 650360 | |
| Bad debts pmvision | (34389) | (15rt80) | |
| Other debtors | 9,090 | 11,485 | |
| Prepayments | snd accnmd income | 62,298 | 46,082 |
| 739,646 | 691tt47 |
| 14. | CREDITORS:AMOUNTS FALLING DUE WITTUN O | NEYEAR | |
|---|---|---|---|
| f | 2022f | ||
| tlaatt loans and ovmdmgs (secnote 16) | 46,053 | 42,466 | |
| Trade and other ueditars | 57408 | 116,563 | |
| Social securhy and adm taxes | 36,755 | 33,610 | |
| Fees paid in advance | 31349 | 24,906 | |
| Deposits in advance | 600 | 700 | |
| Other crcdimm | 7327 | 9v07 | |
| Aacruals md deferred income | 1,215460 | 1,101,481 | |
| Accrued expenses | 85,242 | 59~2 | |
| 1,480,194 | 1388,475 | ||
| 15. | CREDITORS:AMOUNTS FALLING DUEAFTERMORE TEAN ONE YEAR | ||
| 2023f | 2022f | ||
| Sault leans (seenote 16) | 418,799 | 464,853 | |
| Fees paid ia advance | 16,507 | 15,756 | |
| Deposits in advmce | 16,000 | ||
| 45V06 | 480.609 |
| An analysis ofthe maturit | y ofhens isgiven beto | uc | |||
|---|---|---|---|---|---|
| 2023f | |||||
| Amounts fitgtng due wigtin one year on demand: |
|||||
| Bank loans | 46,053 | ||||
| Amounts falling between |
one and two years: | ||||
| Bask loans - 1-2yeats | 46,053 | ||||
| Amouats falling due betweeu two snd five yeux Bank loans -2-5yeas |
151,480 | 148,053 | |||
| Repayable by instslments: Bank loans mme 5yr by |
Insad | 221~ | 270,'747 | ||
| 17. | LEASING AGREEMENTS | ||||
| Miaianm team paymeats |
undernon~le | operating leases fell due ssfollows: | |||
| 2023 | 2022 | ||||
| f. | |||||
| Within one year | 105~5 | 33,525 | |||
| Between one and tive years | 390Q75 | 20,346 | |||
| In more than five yearn | 2,737,606 | ||||
| 3A3,176 | 53,871 |
| 2022 | ||
|---|---|---|
| Bank | loan | 467,003 |
| MOVEMENT lN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | |||
| At 1.9.22 | in fundsf | At31.823 | |
| Unrestricted fends |
|||
| Geneml fiml | 1,153,106 | 40&g72 | 146V78 |
| Restricted funds | |||
| Foundation fimd |
150,156 | 150&2 | 300.498 |
| TOTAL FUNDS | 558,614 | 1,861,$76 | |
| Lect movement in funds, included in dte above are as follows: |
|||
| tdovcmcnt | |||
| in funds | |||
| Unsttricted fuads |
|||
| Genemt finxl | 3~7,106 | (3,15&,834) | 40&272 |
| Restrict funds | |||
| Foundatioa fund |
(5@206) | 150~2 | |
| TOTAL FUNDS | 3,773,654 | (3315,040) | 55$,614 |
| Comparatives formovemeat iafnads |
|||
| Net | |||
| U~ funds | At 1.9.21f | in fimds | At31.8.22f |
| General fund | 835316 | 317,790 | 1,153,106 |
| Restricnst funds | |||
| Fonadation fuad |
136,400 | 13,756 | 150,156 |
| TOTAL FUNDS | 971,716 | 331@Bi | 1303W2 |
| tan movemMt in funds, mciu |
ded in tbe above are as follows: | ||
|---|---|---|---|
| lacommg | esources | btovmnent | |
| Unrestricted fends |
unMIccs | cxpcNMf | in fundsf |
| Genital fimd | 2,892,125 | (2~4/35) | 317,790 |
| Restricted funds | |||
| Foundation fimd |
88.71I | (74,955) | 13,756 |
| 2tt802136 | (2,649~0) | 331,546 | |
| A current year 12montbs and prior year 12 | mondn combined position isasfollows: | ||
| Unrestricted ttmds |
At 1.921 | At31.8.23f | |
| General fimd | 835316 | 726,062 | 1561378 |
| Restricted fuads | |||
| F undation fimd |
136,400 | 164,098 | 300,498 |
| TOTAL FUNDS | 971,716 | 890.160 | 1,$61.876 |
| Incoming | |||||
|---|---|---|---|---|---|
| Unrestricted | funds | IcsMlcesf | in fundsf | ||
| Gcacral gmd | 6,459~1 | (5,733,169) | 726,062 | ||
| Restttctcd | funds | ||||
| Foundation | fund | 295~9 | (131,161) | 164,098 | |
| 6,754,490 | (5,864330) |