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2022-08-31-accounts

YEAR E NDED 31AUGUST 202 2
Unrestricted Total Tota I
Funds 2022 2021
Note
INCOMING
RESOURCES
Incoming resources from charitable
activities:
School fees and associated income 2 1,843,641 1,843,641 1,626,936
Activities for generating
funds:
Investment
income		 3 15,296 15,296 27,000
TOTAL INCOMING
RESOURCES		 1,858,937 1,858,937 .1,653.,936
RESOURCES EXPENDED
Cost ofgenerating
funds:
Charitable
activities		 4 1,896,077 1,896,077 1,676,449
TOTAL RESOURCES EXPENDED 1,896,077 1,896,027 1,676;449
Net (losses). on investments 15
NET RESOURCES EXPENDED 6 (37,140) (37,140) -" . (22,513)
Other recognized gains/(losses)
Gains/(losses)
on revaluation
fixed assets 15
NET MOVEMENT
IN FUNDS		 (37,1401 (37,140) (22,513)
RECONCILIATION
OF FUNDS
Total funds brought forward 15 825,978 825,978' . . 8'48,491
TOTAL FUNDS CARRIED FORWARD 788,838 '788,838' '825,'978.

2022 2021
Notes
Cash flows from operating activities:
Cash generated
from operations		 489,520 58,830
Net cash (used in) operating
activities		 489,520 58,830
Cash flows from investing activities:
Purchase oftangible
fixed assets		 (44,239) '(49,979)
Net cash (used in) Investing activities 445,281' 8,851.
Change
in cash and cash equivalents		 in the
reporting
period		 445,281 8,851
Cash and cash equivalents
at the beginning
ofthe reporting
period		 (522,896): . (531,747)
Cash and cash equivalents
at the end		 ofthe
reporting
period		 P7,615.) (522,896)

Unrestricted Restricted Total Total
Funds Funds 2022f 2021
f
School fees 1,455,259 1&455&259 1188~054
Learning support 129,188 129,188 ' 72,254
Lunch income 90,307 90,307 54,975
Transport 23,653 23,653 10,212
Exam fees 29,589 29,589 13,636
Trips 55,717 55,717 200
Music and elocution 35,095 35,095 36,010
Duke ofEdinburgh
Other income 15,212 15,212 9,666
Year Book adverts
Prom
Grants 9,621 9,621 241,930
1,843,641 1,843,641 1,626,937
The school fees above are stated after discounts,
scholarships. and		 bursaries. .

INVESTMENT INCO ME
Unrestricted Restricted Total Total
Funds Funds 2022 2021
Rental Income 15,296 15,296 27,000
COSTS OF CHARITABLE ACTIVITIES BYACTIVITY TYPE
Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2021
E E E
Direct costs ofeducation:
Cost oflunches 52,970 i .52,970 24,970
Transport 23,964 .. ' 23,964 18,883
Trips 57,827 57,827 642
Exam fees 8,026 8,026 12,631
Duke of Edinburgh
Prom night
Sports costs 1I217 -1/217 6,059
Science equipment and books 14,479 14,479 16,776,
Photocopying 6,061 6,061 5,584
Sports transport 4,090 -4,090' 820
Year Book
Bad Debts 12,511
168,634 168,634 98,876
Staff costs:
Staff salaries 1,146,305 .1,146,305 1,074,472
Socia I security costs 1'05,934 105,934 - 97,836
Staff pension costs 189,423 189,423 167,359
Staff training 7,352 ' 3,352 949
Peripatetic staff 24,424 24,424 28,806
Travel
1,473,438 1 473,438 1,369,422

YEAR ENDED 31AUGUST 2022
Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2021
f f
Support Costs:
Advancement ofeducation
Post and stationery 2,446 2,446 2,662
Computer costs 18,976 18,976.=:.
5,782
Advertising 14,498 14,498 14,805
Subscriptions 32,842 32,842 13,935
Bank charges and interest 26,310 26,310 24,948
Depreciation 47,973 47,973: 43,546
Sundry expenses 2,853 : 2,853 3,172
Legal and professional 2,444 2,444. 11,880
148,342 148,342 120,730
Premises costs
Rates 7.313 7,313 5,416
Insurance 23,811 23,811 24,358
Light and heat 23,583 23,583 13,390
Repairs 9,236 9,236 11,883
Cleaning 8,696 8,696 5,351
Trade waste 4p344 4,344 3,623
Depreciation 19,000 19,000 15,000
95,983 95,983 79,021
Governance
costs		 9,680 —'9'680 - .: 8400
Total support costs 254,005 254 005 -: .208,151
Total costofcharitable activities 1,896,077 .1,896,077 1,676,449.':
5. GOVERNANCE COSTS
Total Funds Total Funds
2022 2021
f f
Auditors
remuneration
Other professional
fees		 :7,800 '-""- "4,800
1,'880:..:.:"3,600
9,680 8,400
6. NET OUTGOING
RESOURCES FOR THE YEAR
This isstated after charging:-
2022
f		 2021f
Depreciation 66,973 58,646
Auditors
remuneration:
-audit ofthe financialstatements		 "7,800 4,800."

STAFF COSTS
2022 2021
E E
Wages and salaries 1,146,305 1,104,227
Social security costs 105,934 '- 97,836
Pension costs 189,423 167,359
1,441,662 1,369,422
Aggregate
employee		 benefits ofkey management personnel 64,264 64,264.
On which Employer's National Insurance contributions were 7,653 7,653

7. STAFF COSTS(continued)
The average number ofemployees, analysed by function was:-
2022 2021
Charitable
activities		 '40 50
Management
and administration		 ofthe charity 3 -3.
43 53
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
Funds Funds Funds
E E
Incoming resources
Activities for generating funds:
Incoming resources from charitable activities:-
School fees and associated income 1,626,936 1,626,936.
Investment
income		 27,000 .. - 27,000
'"
Total incoming resources 1,653,936 ':. - ~ 1,653,936
Resources expended
Cost ofgenerating
funds:-
Charitable
activities
Governance
costs		 1,668,409 .
8,400:		 -.
.		 . 1,6668,409
'
8,400
Total resources expended 1,676,449-' .—.- ".—.—. —.1;676,449
Net (losses) on investments ( -):
"Net resouices expended (22,513), . .:...-a: -.-.: (22,513)
Gains/(losses)
on revaluation
fixed assets
Net movement
in funds		 (22,513) - (22,513)
Reconciliation offunds
Total funds brought
forward		 848,491 848,491
Total funds carried forward. 825,978 . .- -825,978

TANGIBLE FIXEDASSETS
Freehold Computer Fixtures &
property equipment
f		 Fittings Total
f
COST/VALUATI 0N
At 1September 2021 1,150,000 65,422 108,760 1,324,182
Additions 20,359 23,880 44,239
Revaluation
At 31August 2022 1,150,000 85,781 ' 132,640 ' 1,368,421
DEPRECIATION
At 1September 2021
Chaige foryear		 60,000
19,000		 35,956 i
21,445		 '." 68,'961
." '26,528		 .':.'164,'917
66,973
Revaluation
At 31August 2022 79,000 57,401 ' 95;489.. ' 231,890
NET BOOK VAI.UE
At 31August 2022 1,071,000 28,380 37,151 1,136,531
At 31August 2021 1,090,000 29,466 39,799 1,159,265

2022 2021
258,111 258,111

DEBTORS
2022 2021
E E
Trade debtors 818,801 657,201
Prepayments and accrued income '.7,892. . .' 6,639
826,693 663,840

CREDITORS: Amounts falling due within one year
2022 2021
E
Bank loans and overdrafts 113,526 522,957
Trade creditors 919 11323
Accruals and deferred
Tax and social security		 income 685,792
504,959		 .641,357
' "312,254
1,305,196 1,487,891
Deferred income Fee . Rental
Income Income
As at31August 2021 622,822 . 15,750
Additions
during the year		 .51,940
Released during the year (15,750)
As at31August 2022 674;762
Due to be released
in		 less than one year 674,762
Due to be released after more than one year

CREDITORS: Amounts due after more than one y ear:-
2022 2021
E E
Accruals and deferred income 47,026. -.:34;298-"
Bank loan 349,226

General Revaluation Fair
Reserves Reserve value reserve Total
f f
Balance brought forward (388,831) 879,809 "' 335,000. . :825;978
(Deficit) for the year (37,140) : . .(37,140)
Transfer 14,783 (14,783)
Revaluation adjustment
Balance carried forward (411,188) 865a026 335,000 .. : 788,838

Incoming Outgoing Deficit for
Resources Resources this year
General fund 1,858,937 (1,896,077) (37,140)
Revaluation reserve
1,858,937 (1,896,077) (37,140)
Comparatives for movement in funds:-
General Revaluation Fair Value
Reserves Reserve Reserve Total
f f f f
Balance brought forward as
as restated (425,442) 738,933 .185,000 498,491
Deficit for the year (22,513) (22,513)
Transfer between reserves
Revaluation
Balance carried forward (447,955) 738,933 .185,000:-:.. '.".-475,978
Incoming Outgoing Deficit for
Resources Resources this year
General fund 1,65$,936 (1,676,449) (22,513)
Revaluation reserve
1,65$,936 (1,676,449) (22,51$)