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|---|---|---|---|
|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|
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|||||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|
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|||||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|
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||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|
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|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|
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|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|
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||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|
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|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,|
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|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|
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|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|
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||||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|
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|||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|
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||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|
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||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|
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|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|