## 

|Report ofthe Trustees||1|ni|7|
|---|---|---|---|---|
|Report ofthe independent<br>Auditcm||8|to|10|
|Statement ofFinancial|Aci'vities||||
|Ststemem ofFmaucisl|Position||12||
|Snsemcnt cfCash Flows|||13||
|Notes tothe Statemeat|ofGeh Flows<br>Fmanriat||14||
|Nonm ui the Financial|Statemeats|13|to|24|
|Detrdted Statement of|Activitie|25|to|26|





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|||||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<br>13|I?792<br>739,646||12,792<br>739~|11,674<br>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<br>acflvlties<br>Cash~Bum operations<br>late@st tarid<br>interest element ofhire pumbase orBnsnce|||789,645<br>(32481)|617330<br>(6,452)|
|lease rental payments<br>paid||||(207)|
|Nct cash psMdlxl by Opeiatulg acuvlues||||610,671|
|Cash flows from investing|scflvtflm||||
|Purchase ofumgible fixed assets<br>Saleoftangtlite fixed assets<br>intmuu received|||(416+82)<br>3311|(350,603)<br>1,000|
|Net cash used in investing activities|||(412P71)|(349,307)|
|Cash flows fram financing|acflvltbu||||
|New loses ia year||||472,077|
|Loan repayments<br>in year|||(42,465)|(29th358)|
|Cspiml repayments<br>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<br>period|||1,633,928|1332,300|





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||||||2023|2022|
|---|---|---|---|---|---|---|
||Net income <br>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<br>Inasest paid||||(3/I 1)<br>3MSI|(296)<br>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|





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|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|



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|||2023f|2022|
|---|---|---|---|
|Fees<br>Extra subject|Ses|2.856,802<br>94,817|2,491,092<br>58.4tVI|
|Catering<br>Mldh~|support|187,170<br>12?„073|93,216<br>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|





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|DIRECTCHARITABLE EXPENDITURE|||
|---|---|---|
|Raiabtg donations<br>and legacies|||
|Staffcosts<br>~bd rcsaltlccs|2023f<br>1,701310<br>12?510|2022f<br>1,475,824<br>96,178|
|Examination casts<br>Music tuition sub oonuact<br>I~n technology|13,787<br>8,609<br>3tb509|13,&42<br>9,802<br>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|



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|||2023f|2022f|
|---|---|---|---|
|Auditaa'<br>remunerauoa||7t/38|7,056|
|Audinns'<br>mmuncradon|for nan audit work|4J86|4,464|
|Deprecmtian - owned|assets|145~9|103.625|
|Other<br>peratiag leases<br>Deficit on disposal af|fixed assets|113tt41<br>458|111,197<br>1,665|





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||||2023f|2022<br>6|
|---|---|---|---|---|
|Salaries<br>Social security costs|||1,763,421<br>158,618|1419,878<br>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|



## 

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|||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<br>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<br>2|02|||
|---|---|---|---|---|---|
|10.|COMPARATIVES FORTHE STATEMENT|OFFINANCIAL|ACTIViTIES|-cont'musd||
||||Umestricted|Restncted|Total|
||||fund<br>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<br>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<br>f|2022<br>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<br>fitgtng due wigtin one year on demand:|||||
||Bank loans|||46,053||
||Amounts<br>falling between|one and two years:||||
||Bask loans - 1-2yeats|||46,053||
||Amouats<br>falling due betweeu two snd five yeux<br>Bank loans -2-5yeas|||151,480|148,053|
||Repayable by instslments:<br>Bank loans mme 5yr by|Insad||221~|270,'747|
|17.|LEASING AGREEMENTS|||||
||Miaianm<br>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|





## 

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|MOVEMENT lN FUNDS||||
|---|---|---|---|
|||Net||
|||movement||
||At 1.9.22|in fundsf|At31.823|
|Unrestricted<br>fends||||
|Geneml fiml|1,153,106|40&g72|146V78|
|Restricted funds||||
|Foundation<br>fimd|150,156|150&2|300.498|
|TOTAL FUNDS||558,614|1,861,$76|
|Lect movement<br>in funds, included in dte above are as follows:||||
||||tdovcmcnt|
||||in funds|
|Unsttricted<br>fuads||||
|Genemt finxl|3~7,106|(3,15&,834)|40&272|
|Restrict funds||||
|Foundatioa<br>fund||(5@206)|150~2|
|TOTAL FUNDS|3,773,654|(3315,040)|55$,614|
|Comparatives<br>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<br>fuad|136,400|13,756|150,156|
|TOTAL FUNDS|971,716|331@Bi|1303W2|





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## 

|tan movemMt<br>in funds, mciu|ded in tbe above are as follows:|||
|---|---|---|---|
||lacommg|esources|btovmnent|
|Unrestricted<br>fends|unMIccs|cxpcNMf|in fundsf|
|Genital fimd|2,892,125|(2~4/35)|317,790|
|Restricted funds||||
|Foundation<br>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<br>ttmds|At 1.921||At31.8.23f|
|General fimd|835316|726,062|1561378|
|Restricted fuads||||
|F undation<br>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)||