2024-08-31-accounts

		Page
Reference and Administrative Details		1
Report oftheTrustees	2	to	6
Report ofthe Independent Auditors	7	to	10
Statement of Financial Activities		11
Statement of Financial Position		12
Statement of Cash Flows		13
Notes to the Statement of Cash Flows		14
Notes to the Financial Statements	15	to	25
Detailed Statement ofFinancial Activities	26	to	27

				31.8.24	31.823
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes
INCOMEAND ENDOWMENTS FROM
Donations and legacies	3	1,147		1,147	1,159
Charitable activities	5
Gross fees and extras less discounts		1,902,341		1,902,341	1,881,145
Investment income	4	1,964		1,964	948
Other income		21,567	1,090,938	1,112,505	174,188
Total		1,927,019	1,090,938		2,057,440
EXPENDITURE ox
Raising funds	6	23,250		23,250	16,360
Charitable activities	7
Provision ofeducation costs		2,018,472	121,752	2,140,224	1,998,334
Total		2,041,722	121,752	2,163,474
NET INCOME/(EXPENDITURE)		(114,703)	969,186	854,483	42,746
Transfers between funds	20	954,790	(954,790)
Net movement in funds		840,087	14,396	854,483	42,746
RECONCILIATIONOF FUNDS
Total funds brought forward		238,831	20,315	259,146	216,400
TOTAL FUNDS CARRIED FORWARD		1,078,918	34,711	1,113,629	259,146

				31.8.24	31.8.23
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes
FIXED ASSETS
Tangibleassets	13	1,305,048		1,305,048	453,095
CURRENT ASSETS
Stocks	14	26,627		26,627	37,500
Debtors	15	121,608		121,608	126,530
Cash at bank and in hand		213,081	72,924	286,005	200,301
		361,316	72,924	434,240	364,331
CREDITORS
Amountsfalling due within oneyear	16	(517,446)	(38,213)	(555,659)	(445,780)
NET CURRENT ASSETS		(156,130)	34,711	(121,419)	(81,449)
TOTAL ASSETSLESS CURRENT
LIABILITIES		1,148,918	34,711	1,183,629	371,646
CREDITORS
Amounts falling due after more than oneyear	17	(70,000)		(70,000)	(112,500)
NET ASSETS		1,078,918	34,711	1,113,629	259,146
FUNDS	20
Unrestricted funds				1,078,918	238,831
Restricted funds				34,711	20,315
TOTAL FUNDS				1,113,629	259,146

	Statement of Cash Flows
	for theYearEnded 31August	2024
		31.8.24	31.8.23
	Notes
Cash flows from operatingactivities
Cash generated from operations	1	1,172,112	191,198
Interest paid		(14,601 )	(15,855)
Net cashprovidedby operating activities		1,157,511	175,343
Cash flows from investing activities
Purchase oftangible fixed assets			(90,300)
Interest received		1,964	948
Net cashused in investing activities		(1,021,807)	(89,352)
Cash flows from financing activities
Loan repayments in year		(50,000)	(50,000)
Net cash used in financing activities		(50,000)	(50,000)
Change incash and cash equivalents in	the
reporting period		85,704	35,991
Cash and cash equivalents at thebeginning
of the reporting period		200,301	164,310
Cash and cash equivalents at the endofthe
reporting period		286,005	200,301

1.	RECONCILIATIONOF NET INCOME TO NET CASH FLOW FROM	OPERATINGACTIVITIES	OPERATINGACTIVITIES
		31.8.24	31.8.23
	Net income for the reporting period (as per the Statement ofFinancial
	Activities)	854,483	42,746
	Adjustments for:
	Depreciation charges	171,820	51,037
	Loss on disposal offixed assets		1,594
	Interest received	(1,964)	(948)
	Interest paid	14,601	15,855
	Decrease/(increase) in stocks	10,873	(6,570)
	Decrease in debtors	4,920	43,381
	Increase in creditors	117,379	44,103
	Net cash provided byoperations	1,172,112	191,198

	At 1.9.23	Cash flow	At 31.8.24
Net cash
Cash at bank and in hand	200,301	85,704	286,005
	200,301	85,704	286,005
Debt
Debts falling due within I year	(50,000)		(50,000)
Debtsfalling due after I year	(112,500)	50,000	(62,500)
	(162,500)	50,000	(112,500)
Total	37,801	135,704	173,505

DONATIONS AND LEGACIES	DONATIONS AND LEGACIES
		31.8.24	31.8.23
Donations		1,147	1,159
INVESTMENTINCOME
		31.8.24	31.8.23
Depositaccount interest		1,964	948
INCOMEFROMCHARITABLEACTIVITIES
		31.8.24	31.8.23
	Activity
Gross fees	Grossfees and extras less discounts	2,190,371	2,212,310
Remissions, including
bursaries & scholarships	Gross fees and extras less discounts	(288,030)	(331,165)
		1,902,341	1,881,145

	Other trading activities
			31.8.24	31.8.23
	Opening stock		37,500	30,930
	Purchases		12,377	22,930
	Closing stock		(26,627)	(37,500 )
			23,250	16,360
7.	CHARITABLE ACTIVITIES COSTS
			Support
		Direct	costs (see
		Costs	note 8)	Totals
	Provision ofeducation costs	2,097,854	42,370	2,140,224
8.	SUPPORTCOSTS
				Governance
				costs
	Provision ofeducation costs			42,370
9.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure) is stated after charging/(crediting):
			31.8.24	31.8.23
	Auditors' remuneration		6,930	6,930
	Depreciation - owned assets		171,818	51,037
	Deficit on disposal offixed assets			1,594

STAFFCOSTS
	31.8.24	31.8.23
Wages and salaries	1,061,346	1,063,088
Social security costs	80,047	86,745
Other pension costs	125,945	117,010
	1,267,338	1,266,843
The averagemonthly number of employees during the yearwas as follows:
	31.824	31.8.23
Charitableactivities	41	43
Cost ofgenerating funds	1	1
Management and admin ofthe charity	3	3
	45	47
The number of employees whose employee benefits (excludingemployerpension costs) exceededÆ60,000was:
	31.8.24	31.823
E70,001 - Æ80,ooo	1	1
Governor and key management remuneration and benefits totalled 239,133 (2023: $224,208).

12.	COMPARATIVESFORTHE STATEMENT OF FINANCIALACTIVITIES	COMPARATIVESFORTHE STATEMENT OF FINANCIALACTIVITIES
		Unrestricted	Restricted	Total
		fund	fund	funds
	INCOMEAND ENDOWMENTS FROM
	Donations and legacies	1,159		1,159
	Charitableactivities
	Grossfees and extras less discotmts	1,881,145		1,881,145
	Investment income	948		948
	Other income	25,108	149,080	174,188
	Total	1,908,360	149,080	2,057,440
	EXPENDITURE ON
	Raising funds	16,360		16,360
	Charitable activities
	Provision ofeducation costs	1,926,667	71,667	1,998,334
	Total	1,943,027	71,667	2,014,694
	NETINCOME/(EXPENDITURE)	(34,667)	77,413	42,

12.	COMPARATIVESFOR THE STATEMENT	OFFINANCIAL	ACTIVITIES - co	ntinued
			Unrestricted	Restricted	Total
			fund	fund	funds
	Transfers between funds		65,951	(65,951)
	Net movement in funds		31,284	11,462	42,746
	RECONCILIATION OF FUNDS
	Total funds brought forward		207,547	8,853	216,400
	TOTAL FUNDS CARRIED FORWARD		238,831	20,315	259,146
13.	TANGIBLEFIXED ASSETS
			Fixtures
		Long	and	Motor
		leasehold	fittings	vehicles	Totals
	COST
	At 1 September2023	1,539,999	94,129	36,176	1,670,304
	Additions	991,195	6,160	26,416	1,023,771
	At 31August 2024	2,531,194	100,289	62,592	2,694,075
	DEPRECIATION
	At 1 September 2023	1,135,611	63,952	17,646	1,217,209
	Charge foryear	144,275	16,307	11,236	171,818
	At 31 August 2024	1,279,886	80,259	28,882	1,389,027
	NET BOOK VALUE
	At 31 August 2024	1,251,308	20,030	33,710	1,305,048
	At 31 August 2023	404,388	30,177	18,530	453,095
14.	STOCKS
				31.8.24	31.8.23
	Stocks			26,627	37,500

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.8.24	31.8.23
Trade debtors	89,912	77,059
Other debtors		22,522
Prepayments	31,696	26,949
	121,608	126,530
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	31.8.24	31.8.23
Bank loans and overdrafts (see note 18)	50,000	50,000
Trade creditors	77,076	30,581
Social security and other taxes	39,035	20,089
Other creditors	12,566	12,297
Accruals and deferred income	376,982	332,813
	555,659	445,780

17.	CREDITO	RS: AMOUNTS FALLING DUEAFTER MORETHA	N ONE YEAR
			31.8.24	31.8.23
	Bank loans	(see note 18)	62,500	112,500
	Othercreditors		7,500
			70,000	112,500
18.	LOANS
	Ananalysis	ofthe maturity ofloans is given below:
			31.8.24	31.8.23
	Amountsfalling due within one year on demand:
	Bank loans		50,000	50,000
	Amountsfalling between one and two years:
	Bank loans	- 1-2 years	50,000	50,000
	Amountsfalling due between two and five years:
	Bank loans	- 2-5 years	12,500	62,500

			31.8.24	31.8.23
Within oneyear			126,259	99,480
Between one andfive years			502,733	390,392
Inmore than five years			222,166	394,167
			851,158	884,039
MOVEMENT IN FUNDS
		Net	Transfers
		movement	between
	At 1.9.23	infunds	funds	31.8.24
Unrestricted funds
General fund	238,831	(114,703)	954,790	1,078,918
Restricted funds
General Restricted	20,315	969,186	(954,790)	34,711
TOTAL FUNDS	259,146	854,483		1,113,629
Netmovement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	infunds
Unrestricted funds
General fund		1,927,019	(2,041,722)	(114,703)
Restricted funds
General Restricted		1,090,938	(121,752)	969,186
TOTAL FUNDS		3,017,957	(2,163,474)	854,483

		Net	Transfers
		movement	between	At
	At 1.9.22	in funds	funds	31.823
Unrestricted funds
General fund	207,547	(34,667)	65,951	238,831
Restricted funds
General Restricted	8,853	77,413	(65,951)	20,315
TOTAL FUNDS	216,400	42,746		259,146
Comparativenetmovement in funds, includedin the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		1,908,360	(1,943,027)	(34,667)
Restricted funds
General Restricted		149,080	(71,667)	77,413
TOTAL FUNDS		2,057,440	(2,014,694)	42,746
A current year 12 months and prioryear 12 months combined positionis as follows:
		Net	Transfers
		movement	between	At
	At 1.9.22	in funds	funds	31.8.24
Unrestricted funds
General fund	207,547	(149,370)	1,020,741	1,078,918
Restricted funds
General Restricted	8,853	1,046,599	(1,020,741 )	34,711
TOTAL FUNDS	216,400	897,229		1,113,629

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	3,835,379	(3,984,749)	(149,370)
Restricted funds
General Restricted	1,240,018	(193,419)	1,046,599
TOTAL FUNDS	5,075,397	(4,178,168)	897,229

	31.8.24	31.8.23
INCOMEAND ENDOWMENTS
Donations and legacies
Donations	1,147	1,159
Investment income
Depositaccount interest	1,964	948
Charitable activities
Grossfees	2,190,371	2,212,310
Remissions, including bursaries & scholarships	(288,030)	(331,165)
	1,902,341	1,881,145
Other income
Other income resources	1,112,505	174,188
Total incoming resources	3,017,957	2,057,440
EXPENDITURE
Other trading activities
Opening stock	37,500	30,930
Uniform purchases	12,377	22,930
Closing stock	(26,627)	(37,500)
	23,250	16,360
Charitable activities
Salaries, wages and associated costs	1,049,853	1,052,456
Social security	80,047	86,745
Pensions	125,945	117,010
Rent and rates	119,565	106,776
Insurance	24,552	21,201
Heating and lighting	51,628	65,300
Office andtelephone expenses	40,904	43,150
Advertising	12,004	5,601
Trips and travelcosts	(13,174)	(1,089)
Grounds and gardens	10,930	3,008
Gamesequipment and recreation	12,127	10,438
Repairs and maintenance	57,512	57,754
Household expenses	95,342	98,155
Motor expenses	29,811	23,799
Subscriptions	7,539	6,675
Carried forward	1,704,585	1,696,979

for the YearEnded 3	1 August 2024
	31.824	31.8.23
Charitable activities
Brought forward	1,704,585	1,696,979
Other expenses	3,440	7,665
Bad debts	(7,399)	21,150
Lesson expenses	10,513	8,725
School expenses	70,798	44,307
Examination fees	5,155	3,887
Educationalactivity costs	118,286	108,806
Boardingcosts	6,055	7,485
Depreciation oftangible fixed assets	171,820	51,037
Loss on sale oftangible fixed assets		1,594
Bank interest	3,570	3,673
Bank loan interest	11,031	12,182
	2,097,854	1,967,490
Support costs
Governance costs
Wages	11,493	10,632
Auditors'remuneration	6,930	6,930
Legal fees	23,947	13,282
	42#70	30,844
Total resources expended	2,163,474	2,014,694
Net income	854,483	42,746