Charity Registration No. 518471
Company Registration No. 02022869 (England and Wales)
THE KING OF KINGS SCHOOL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
THE KING OF KINGS SCHOOL
LEGAL AND ADMINISTRATIVE INFORMATION
Governors
Dr B Oyebande Mrs E B Lewis Dr P Lewis Mr N Steele
Secretary Mr M Golamhossen Charity number 518471 Company number 02022869 Registered office 142 Dantzic Street Manchester M4 4DN
Independent examiner
Claire L Taylor BA (Hons), FCCA Chadwicks Chartered Accountants Statutory Auditors Capital House 272 Manchester Road Droylsden Manchester M43 6PW
THE KING OF KINGS SCHOOL
CONTENTS
| Page | |
|---|---|
| Governor's report | 1 - 5 |
| Statement of Governor's responsibilities | 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 - 14 |
THE KING OF KINGS SCHOOL
GOVERNOR'S REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JULY 2022
The Governors present their annual report and accounts for the year ended 31 July 2022. The Governors constitute directors of the company for Companies Act purposes and the Trustees for Charity purposes. The company is registered with the Charity Commissioners under Charity Number 518471.
Principal Activity
The King of Kings School is a company limited by guarantee, the principal activity of which is the education of children in the Manchester area. In setting our objectives and planning our activities our Governors have given careful consideration to the Charity Commission’s general guidance on public benefit.
Aims, works and Activities
Objects
The objects of the school are the institution and running of a Christian school designed to give a sound Christian and moral basis to all pupils. The school wants to raise up Christian leaders with service of others in the centre of their hearts and a single, biblical worldview. We want to preserve and extend Christian learning. It is our aim as a school to be outward looking and service oriented, and to contribute to the wider needs of Christian Education in this country and beyond.
History
The King of Kings School was established in 1986 as an independent school providing a curriculum with a specifically bible-centred worldview. Since September 1991 it has occupied a significant part of the former Charter Street Ragged School in Dantzic Street, Manchester, close to Victoria station.
Aims
The school aims to provide a thorough education to children aged 3-18, equipping them with the knowledge and skills to enable them to flourish as members of society and at the same time with a secure Christian faith expressed by serving others with generous, unselfish and confident hearts. Each child is encouraged to work hard in a system which balances academic work with other enriching experiences, including music, art, sport and practical skills.
Curriculum
The difference between this school and other schools with a Christian ethos is the curriculum. The school uses A.C.E., an individualised learning programme which has over 1 million users worldwide. This forms the spine of the curriculum onto which the school builds, adding group work, specialist instruction, individual teaching and project work. The A.C.E. methodology is designed to equip students with self-study skills and to master their learning. Teaching is consistent with the biblical instruction most of the children receive in the church and home, and nurtures children in the Christian faith.
Graduates
The school’s first senior students prepared for and took GCSEs before going elsewhere to study for A Levels. Since 1992, we have been able to take students through from nursery to 18 using the A.C.E. curriculum, initially with the National Christian Schools Certificate (the NCSC) and then its successor, the International Certificate of Christian Education (the ICCE), qualifications designed to validate the work of students using this programme and which enable them to gain entrance to university, college, or directly to employment.
Our first NCSC graduate went to Durham University in 1996 and gained a BA in Linguistics before earning an MPhil from York University. She was awarded a scholarship to the University of Pennsylvania, an Ivy League university, and her studies culminated in a PhD from York in 2004.
Subsequent NCSC graduates have gained places at sixth form and further education colleges or stayed on the programme to complete their studies. Every school leaver with the NCSC Level III or the ICCE Advanced Certificate has gained a place at a Russell Group University, including Leicester (Maths), Kent (Music Production), Liverpool (Physiotherapy, English), Durham (Linguistics, Music), York (PPE), Sheffield (Japanese) and Manchester (Japanese). Recent students have studied for a Masters in Medical Statistics, Business Studies, Law, and Security and Development (Distinction).
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THE KING OF KINGS SCHOOL
GOVERNOR'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
During 2021 to 2022 we had 34 children: 3 in the Pre-School aged 3, 7 in the Infants aged 5 to 7, one of whom is SEND, 9 in the Juniors aged 7 to 11, and 15 in the Seniors, aged 11 and up. There are two sets of fraternal twins.
All the new children had baseline assessments.
We saw more effects from Covid on our work in the academic year 2022 to 2023 than in either 2020 to 2021 or 2021 to 2022.
The younger children who learned to read during Covid in other schools were all to some extent behind in their reading, compared to their ability level and it took the whole year to bring them up to level and they are still not quite where they would have been.
In normal circumstances, children in the school rarely have time off for illness and the teachers hardly ever. Because of an unusually high degree of respiratory illnesses, including Covid, among both staff and students, the students did not achieve as highly as usual.
Throughout this year illnesses were frequent and long-lasting. The work of one of the Senior students was affected for six months after Covid. Another student could not work for more than 2 years after Covid.
This year, the children having worked so well during all the lockdowns, did not work so well for the whole year. The average number of PACEs a child works in this school is 70 each year, compared to the national average of 62. It has always been this or higher. By the end of this year, 2021 to 2022, the children had worked an average of 60 PACEs. [Their work rate increased dramatically in the following year].
Their socialisation was also badly affected, particularly among the senior students who would normally have been developing friendships and learning to work together and with all the disruptions had not.
The Infants and Juniors did not achieve the usual reading targets, although they have done far more than usual
on Readmaster which has been helping them.
Four of the children speak Portuguese at home; one child is Spanish; two children are from Chinese speaking families.
The most able still achieve above level, but the next group did not quite achieve their targets. This was true both
of PACE work and in reading.
There is one child with severe speech delay aged 8 who is having extra work from the Infant teacher to help him learn to read. He spends breaks and assemblies with the Juniors but works with the Infants as the Infant Teacher has skills and experience in teaching children sounds and blending.
One child who transferred from another school into the Juniors on early Infant work is now an established reader,
on the Junior reading list.
It is usual for children entering the Juniors to still be working on the last books of the Infant Reading List, and to enter the Seniors still with some books to finish on the Junior list, but all the children in the Juniors bar one are now on the Junior reading list and one child has completed the Junior Reading List.
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THE KING OF KINGS SCHOOL
GOVERNOR'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
Children who joined the school in Year 7 or 8 are on gap PACEs. It takes them time to adjust to the new system and all the children we have taken in in the last two or three years arrived substantially behind in their work, still essentially on Junior level work, especially in Maths and English. For example, they are arriving unable to punctuate sentences with capital letters and full stops.
Once settled and successfully passing PACE tests, the Senior Supervisor works with them to enable them to pass further diagnostic tests. We also use Australian Grammar PACEs to catch them up in English.
Children in Year 9 and above have started ICCE level work, that is PACEs at Level 8 and above (except for one
whose Maths is not yet at that level).
There are five children who have started Level 9 PACEs, the second level of the ICCE General Certificate. We do not have any children at the moment on ICCE Intermediate or Advanced Certificates, which is unusual.
Students who completed the right amount of PACE work and learnt the scripture passages are eligible for Honour Roll, either A or B, depending on their PACE average. The Seniors on A Honour Roll had fun in an escape room, the Juniors on A Honour Roll went to Gulliver’s World.
Our usual series of trips had not taken place during covid restrictions, but the Pre-School and Infants are going
on a trip by tram in the last week of term to soft play.
The Summer Banquet took place on Saturday 9th July, the day after we returned from ESC. All the families and children came together and feasted on the food we had all brought and the children put on a display of their work.
European Student Convention (ESC)
We are taking 13 seniors to Kingham Hill next week for ESC where they met with success in art and design, bible memory, academics, platform events, music and sport.
The Senior Supervisor raised £500 for ESC by running 5k every day throughout May. This enabled us to cover our transport costs buy frames for the art, a theatre for the puppets and sweatshirts for PE.
Premises
The Landlords became unable to maintain the building properly from the beginning of covid, March 2020. The premises have begun to deteriorate and two rooms, the Main Learning Centre and the larger Science Lab became unuseable.
We had a day of Mediation with the landlords at the Civil Court at the beginning of April and agreed that they would give us a 16 month lease. We signed Heads of Terms, stipulating the rent and cost of utilities, but we have not received the lease yet. School paid £20,000 in back utilities and committed to a much higher rent.
A local church, Faithlife Church, began discussing how they could help us by incorporating the school within their building.
We have two new children for September.
Our children come from all around the city, including from Bury, Bolton, Buxton and Chester.
The staff have worked incredibly hard and faithfully to deal with all the recent challenges and covering for one another during illness without complaint and cheerfully.
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THE KING OF KINGS SCHOOL
GOVERNOR'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
Financial review
The financial statements have been prepared in accordance with the Companies’ Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011 and applicable regulations.
The main income arises from fees charged for education and gifts to support the activities of the school. The most significant expenditure relates to the salaries of teachers. The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying financial statements.
The surplus for the year of £90 will be added to the reserves brought forward. At the year end there is a surplus of £8,520 in reserves. The charity’s policy towards free reserves is that these should be sufficient to cover one month of trading costs.
Management
The day to day management of the school is under the responsibility of the headmistress Mrs E B Lewis.
Bankers
The bankers of the school are The Royal Bank of Scotland plc, Sandbach, Cheshire.
Dividends
The payment of a dividend or any other distribution to members is not permitted under the terms of the Company's Memorandum of Association.
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THE KING OF KINGS SCHOOL
GOVERNOR'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
Structure, governance and management
The Governors during this accounting period and to the date of this report are as follows:
Dr Philip S Lewis (Chair) Mrs E Brenda Lewis (Head) Dr Bamidele Oyebande (Safeguarding and Parent Governor) Mr Nigel Steele (Independent Governor; Health & Safety)
Mrs B Lewis and Mr N Steele resign by rotation and both offer themselves for re-election at the forthcoming Annual General Meeting. No Governor was in receipt of remuneration or private benefits from the company during the period covered by these accounts. No Governor receives indemnity insurance for their service as director or trustee.
Two employees are related parties to two of the trustees. The level of remuneration has been approved and amounted to £37,200 (2021 £36,570). The level of remuneration has been approved by the independent trustees.
Mrs Lewis is an unpaid, non-executive director of CEE which is the sole supplier of the A.C.E. curriculum to Christian schools in the United Kingdom. CEE has supplied the school throughout its existence and Mrs Lewis was only appointed as a CEE director in 2009. In addition, purchases are made on normal commercial terms which are available to all schools using the curriculum.
In 2018 Mrs Lewis became an unpaid director of ICCE Limited.
Risks
The risks that the school faces include having insufficient school numbers with parents who can pay the fees and insufficient donations to meet the school’s expenditure.
The qualification the school uses, while validated by UKNARIC’s 2012 Report, is not accredited.
In addition, the school bears the responsibility for looking after the children under its care.
The Governors have made an assessment of the major risks facing the school and are satisfied that there are policies in place to minimise these risks.
Guarantors
Details of guarantors during the year of the accounts and to the date of this report are as follows:
Dr P S Lewis Mrs E B Lewis Dr B Oyebande Mr N Steele
Under the terms of the Company’s Memorandum of Association, the liability of each member is limited to £1.00.
The Governors present their annual report and accounts for the year ended 31 July, 2022. The Governors constitute directors of the company for Companies Act purposes and the Trustees for Charity purposes. The company is registered with the Charity Commissioners under Charity Number 518471.
By order of the board
Dr B Oyebande Governor Dated: 25 April 2023
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THE KING OF KINGS SCHOOL
STATEMENT OF GOVERNOR'S RESPONSIBILITIES
FOR THE YEAR ENDED 31 JULY 2022
The governors, who are also the directors of The King of Kings School for the purpose of company law, are responsible for preparing the Governor's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the governors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the governors are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The governors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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THE KING OF KINGS SCHOOL
INDEPENDENT EXAMINER'S REPORT TO THE GOVERNORS OF THE KING OF KINGS SCHOOL
I report to the governors on my examination of the financial statements of The King of Kings School (the charity) for the year ended 31 July 2022.
This report is made solely to the charity's governors, as a body, in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's governors those matters I am required to state to them in this independent accountants' report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's governors as a body, for my reporting work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement
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1 which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statements of Recommended Practice: Accounting and Reporting by Charities
have not been met or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Claire L Taylor BA (Hons) FCCA Chadwicks Statutory Auditors Chartered Accountants Capital House 272 Manchester Road Droylsden Manchester M43 6PW
Dated: 26 April 2023
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THE KING OF KINGS SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2022
| **Unrestricted ** | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 51,644 | 36,795 |
| Charitable activities | 3 | 81,126 | 57,752 |
| Investments | 4 | 6 | 1 |
| Total income | 132,776 | 94,548 | |
| Expenditure on: | |||
| Charitable activities | 5 | 132,686 | 86,685 |
| Net income for the year/ | |||
| Net movement in funds | 90 | 7,863 | |
| Fund balances at 1 August 2021 | 8,430 | 567 | |
| Fund balances at 31 July 2022 | 8,520 | 8,430 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
There are no restricted funds this year.
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THE KING OF KINGS SCHOOL
BALANCE SHEET
AS AT 31 JULY 2022
| Notes Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Income funds Unrestricted funds |
2022 £ 1,458 9,173 10,631 (2,111) |
£ - 8,520 8,520 8,520 8,520 |
2021 £ 558 9,595 10,153 (2,075) |
£ 352 8,078 |
|---|---|---|---|---|
| 8,430 | ||||
| 8,430 | ||||
| 8,430 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2022.
The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Governors on 25 April 2023
Dr B Oyebande Trustee
Company Registration No. 02022869
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THE KING OF KINGS SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
1 Accounting policies
Charity information
The King of Kings School is a private company limited by guarantee incorporated in England and Wales. The registered office is 142 Dantzic Street, Manchester, M4 4DN.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the governors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the governors continue to adopt the going concern basis of accounting in preparing the financial statements.
At the end March 2020, Covid-19 was designated a pandemic by the World Health Organisation (WHO). The governor's continue to review the impact on the business, ensuring provisions are put in place to mitigate any risk to the company’s ability to trade as a going concern. At the date of signing the financial statements, in the opinion of the governor's, Covid-19 will not impact on the company’s ability to trade as a going concern. Consequently, the company continues to adopt the going concern basis in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the governors in furtherance of their charitable objectives. No funds have been restricted by a donor or designated for a particular purpose by the governors.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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THE KING OF KINGS SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
1 Accounting policies
(Continued)
1.5 Expenditure
Charitable activities - This is expenditure incurred in supporting the charitable activities of the school.
Governance costs - These represent direct expenditure on the governance of the school. The management is carried out without charge by volunteers. The intangible cost is not included in the Statement of Financial Activities since there is no measurement of cost for their services.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Tenants improvements 20% - 33.33% straight line Fixtures and fittings 20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.9 Pension
The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. No liability arises at the year end.
2 Donations and legacies
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Donations and gifts | 51,644 | 36,795 |
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THE KING OF KINGS SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
3 Charitable activities
| Total | Total | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| School fees | 80,753 | 54,867 | |
| Donations (other) | 373 | 2,885 | |
| 81,126 | 57,752 | ||
| 4 | Investments | ||
| Unrestricted Unrestricted | |||
| funds | funds | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Interest receivable | 6 | 1 | |
| 5 | Charitable activities | ||
| Total | Total | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Staff costs | 64,840 | 63,369 | |
| Workbooks | 11,310 | 7,933 | |
| Books and consumables | 7,905 | 2,297 | |
| General expenses | 14,940 | 4,801 | |
| Telephone & IT | 477 | 485 | |
| Rent and rates | 29,712 | 6,222 | |
| Insurance | 701 | 762 | |
| Maintenance | 1,368 | 1,062 | |
| School trips/conventions | 1,343 | - | |
| Bad debt provision | (3,771) | (3,150) | |
| Training | 1,373 | 1,162 | |
| Ofsted | 576 | - | |
| 130,774 | 84,943 | ||
| Share of support costs (see note 6) | 352 | 422 | |
| Share of governance costs (see note 6) | 1,560 | 1,320 | |
| 132,686 | 86,685 |
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THE KING OF KINGS SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
6 Support costs
| Support costs Governance costs £ £ Depreciation 352 - Accountancy - 1,560 352 1,560 Analysed between Charitable activities 352 1,560 |
2022 Support costs Governance costs £ £ £ 352 422 - 1,560 - 1,320 1,912 422 1,320 1,912 422 1,320 |
2021 £ 422 1,320 |
|---|---|---|
| 1,742 | ||
| 1,742 |
Governance costs includes a provision for audit and accountancy fees of £1,380 (2021- £1,320).
7 Employees
The average monthly number of employees during the year was:
| 2022 | 2021 | ||
|---|---|---|---|
| Number | Number | ||
| 4 | 4 | ||
| Tangible fixed assets | |||
| Tenants | Fixtures and | Total | |
| improvements | fittings | ||
| £ | £ | £ | |
| Cost | |||
| At 1 August 2021 | 10,685 | 14,226 | 24,911 |
| At 31 July 2022 | 10,685 | 14,226 | 24,911 |
| Depreciation and impairment | |||
| At 1 August 2021 | 10,685 | 13,874 | 24,559 |
| Depreciation charged in the year | - | 352 | 352 |
| At 31 July 2022 | 10,685 | 14,226 | 24,911 |
| Carrying amount | |||
| At 31 July 2021 | - | 352 | 352 |
8 Tangible fixed assets
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THE KING OF KINGS SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
9 Debtors
| Debtors | ||
|---|---|---|
| Amounts falling due within one year: Trade debtors Other debtors |
2022 £ 1,420 38 1,458 |
2021 £ 520 38 |
| 558 |
10 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Other taxation and social security Other creditors Accruals and deferred income |
2022 £ - 631 1,480 2,111 |
2021 £ 111 664 1,300 |
| 2,075 |
11 Related party transactions
Two employees are related parties to two of the trustees. Their remuneration is fixed on similar terms to other employees and amounted to £37,200 (2021 £36,570). The level of remuneration has been approved by the independent trustees.
Two governors provide IT services, N Steele maintains the website for an annual charge of £120 and D Oyebande pays the monthly internet bill and purchases any necessary IT equipment, both of which are refunded to him.
Mrs. Lewis is an unpaid, non-executive director of CEE which is the sole supplier of the ACE curriculum to Christian schools in the United Kingdom. CEE has supplied the school throughout its existence and Mrs. Lewis was only appointed as CEE director in 2009. In addition, purchases are made on normal commercial terms which are available to all school using the curriculum.
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