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|Trustees|||Mr TS Cramant||
|---|---|---|---|---|
||||Mr M N Fletcher||
||||Mr D M Taylor||
||||Mrs J EWilcox||
||||Mr M Foster||
|Charity|number||515073||
|Company||number|01644174||
|Registered||office|Stafford Road||
||||Monton||
||||Eccles||
||||Manchester||
|Auditor|||Barlow Andrews|LLP|
||||Carlyle House||
||||78 Chorley
New|Road|
||||Bolton||
|Bankers|||The Royal Bank|ofScotland Pic|
||||Walkden
Branch||
||||Walkden||
||||Worsley||
||||Manchester||
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|||Page|
|---|---|---|
|Trustees'
report|||
|Statement
ofTrustees'|responsibilities||
|Independent
auditor's|report|5-8|
|Statement
offinancial|activities||
|Balance sheet||10|
|Statement
ofcash flows|||
|Notes to the financial|statements|12-21|
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|||||2023|2022|
|---|---|---|---|---|---|
||||Notes|K|K|
|Income and endowments|from:|||||
|Income from charitable
activities||||1,231,179|1,250,382|
|Investments||||8,435|400|
|Other income|||||980|
|Total income||||1,239,614|1,251,762|
|Expenditure
on charitable|activities|||1,289,139|1,190,769|
|Net income and net movement||in funds before gains and losses on||||
|investments||||(49,525)|60,993|
|Net losses on investments||||(10,280)|(161,495)|
|Net movement
in funds||||(59,805)|(100,502)|
|Fund balances at 1 September 2022||||2,264,234|2,364,736|
|Fund balances at 31August 2023||||2,204,429|2,264,234|
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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Fixed assets|||||||||
|Tangible assets||||11||536,145||542,112|
|Investments||||12||1,038,261||1,048,541|
|||||||1,574,406||1,590,653|
|Current assets|||||||||
|Debtors||||14|39,518||40,600||
|Cash at bank||and in|hand||885,250||810,514||
||||||924,768||851,114||
|Creditors: amounts|||falling due within||||||
|one year||||15|(294,745)||(177,533)||
|Net current assets||||||630,023||673,581|
|Total assets|less current liabilities|||||2,204,429||2,264,234|
|Income funds|||||||||
|Unrestricted|funds||||||||
|Designated
funds:|||||||||
|Tangible fixed||assets|||536,145||542,112||
|Development||funds|||750,000||400,000||
|||||17|1,286,145||942,112||
|General
unrestricted|||funds||918,277||1,322,115||
|Share capital|||||7||7||
|||||||2,204,429||2,264,234|
|||||||2,204,429||2,264,234|
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Cash flows from operating||activities||||||
|Cash generated
from operations|||21||118,868||10,439|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets|||(52,567)||(21,507)||
|Investment|income received|||8,435||400||
|Net cash|used in investing|activities|||(44,132)||(21,107)|
|Net cash|used in financing|activities||||||
|Net increase/(decrease)
in||cash and|cash|||||
|equivalents|||||74,736||(10,668)|
|Cash and|cash equivalents|at beginning|ofyear||810,514||821,182|
|Cash and|cash equivalents|at end of|year||885,250||810,514|
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|||2023||2022|
|---|---|---|---|---|
|||f'|||
||School fees|1,148,404||1,151,845|
||School activities|77,515||93,049|
||Other income|5,260||5,488|
|||1,231,179||1,250,382|
|4|Investments||||
||||2023|2022|
||Interest receivable||8,435|400|
|5|Other income||||
||||2023|2022|
||Insurance
claim receivable|||980|
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|||2023f|2022|
|---|---|---|---|
|Staff costs||864,655|816,778|
|Depreciation
and impairment||58,534|51,299|
|Recruitment
costs||3,430|1,600|
|Establishment
costs||44,116|38,627|
|Postage and stationery||5,950|8,361|
|Repairs and maintenance||95,907|59,655|
|Office expenses||7,797|4,074|
|Services and supplies||150,701|130,971|
|Transport
and security||23,690|26,744|
|Advertising
and promotion||5,119|6,736|
|Bad debts||1,724|9,988|
|Bank charges||1,187|1,048|
|Accountancy
fees||8,741|7,388|
|Cost oftrustee meetings||217|828|
|Legal and professional|fees|11,071|20,732|
|Auditors'
remuneration||6,300|5,940|
|Unrestricted
funds||1,289,139|1,190,769|
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|||2023|2022|
|---|---|---|---|
|||Number|Number|
|Teaching staff||22|24|
|Administration|staff|7|5|
|Domestic staff||4|3|
|Total||33|32|
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|8|Employees||||||||(Continued)|
|---|---|---|---|---|---|---|---|---|---|
||Employment|costs||||||2023|2022|
||Wages and salaries|||||||767,038|722,181|
||Social security|costs||||||65,210|61,964|
||Other pension|costs||||||32,407|32,633|
|||||||||864,655|816,778|
||The number
ofemployees||whose annual||remuneration||was more than 260,000|||
||is as follows:|||||||||
|||||||||2023|2022|
|||||||||Number|Number|
||F60,000 - F69,999|||||||||
||Remuneration|of key management||personnel||||||
||The remuneration
of key management|||personnel||is as|follows:|||
|||||||||2023|2022|
||Aggregate
compensation|||||||116,228|117,764|
|9|Net losses on|investments||||||||
|||||||||2023|2022|
||Revaluation
of investments|||||||(10,280)|(161,495)|
|10|Taxation|||||||||
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|11|Tangible fixed assets|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|---|---|
|||||Land and|Property|Fixtures,|Computer|Total|
|||||buildings|improvements|fittings 8|equipment||
|||||||equipment|||
|||||||F|||
||Cost||||||||
||At 1 September 2022|||701,960|294,877|168,601|149,398|1,314,836|
||Additions||||24,371|9,866|18,330|52,567|
||At 31August|2023||701,960|319,248|178,467|167,728|1,367,403|
||Depreciation|and impairment|||||||
||At 1 September 2022|||364,806|139,691|133,389|134,838|772,724|
||Depreciation|charged|in the year|14,040|31,514|5,728|7,252|58,534|
||At 31August|2023||378,846|171,205|139,117|142,090|831,258|
||Carrying
amount||||||||
||At 31August|2023||323,114|148,043|39,350|25,638|536,145|
||At 31August|2022||337,154|155,186|35,212|14,560|542,112|
||||||||Listed|
|---|---|---|---|---|---|---|---|
||||||||investments|
||Cost or valuation|||||||
||At 1 September 2022||||||1,048,541|
||Valuation
changes||||||(10,280)|
||At 31August 2023||||||1,038,261|
||Carrying
amount|||||||
||At 31August 2023||||||1,038,261|
||At 31August 2022||||||1,048,541|
|13|Financial
instruments|||||2023|2022|
||Carrying
amount offinancial|||assets||||
||Debt instruments
measured||at amortised||cost|896,695|823,590|
||Equity instruments
measured|||at cost less|impairment|1,038,261|1,048,541|
||Carrying
amount offinancial|||liabilities||||
||Measured
at amortised|cost||||294,745|177,533|
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|Debtors|||||
|---|---|---|---|---|
||||2023|2022|
|Amounts
falling due||within one year:|||
|Trade debtors|||9,567|4,732|
|Other debtors|||1,878|8,344|
|Prepayments|and accrued income||28,073|27,524|
||||39,518|40,600|
|Creditors: amounts||falling due within one year|||
||||2023|2022|
|Trade creditors|||25,989|16,488|
|Other creditors|||198|1,420|
|Accruals and|deferred|income|268,558|159,625|
||||294,745|177,533|
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|Share capital|2023|2022|
|---|---|---|
|Ordinary
share capital|||
|Issued and fully paid|||
|7 Ordinary
shares off1 each|||
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|Analysis of net assets between
funds||||
|---|---|---|---|
|||Unrestricted|funds|
|Fund balances at 31August 2023 are represented|by:|||
|Tangible assets|||536,145|
|Investments||1,038,261||
|Net current assets|||630,023|
|||2,204,429||
|Prior year||Unrestricted|funds|
|Fund balances at 31August 2022 are represented|by:|||
|Tangible assets|||542,112|
|Investments||1,048,541||
|Net current assets|||673,581|
|||2,264,234||
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||2023|2022|
|---|---|---|
|Within one year|1,718|1,718|
|Between two and five years|3,007|4,726|
||4,725|6,444|
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|Cash generated
from|operations|operations||||2023|2022|
|---|---|---|---|---|---|---|---|
|Deficit for the year||||||(59,805)|(100,502)|
|Adjustments
for:||||||||
|Investment
income recognised||in statement||offinancial|activities|(8,435)|(400)|
|Fair value gains and losses on||investments||||10,280|161,495|
|Depreciation
and impairment
oftangible|||fixed assets|||58,534|51,299|
|Movements
in working|capital:|||||||
|Decrease
in debtors||||||1,082|412,395|
|Increase/(decrease)
in|creditors|||||117,212|(513,848)|
|Cash generated
from|operations|||||118,868|10,439|
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