2022-08-31-accounts - St Mary's School, Hampstead

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Headmistress		Mrs Harriet Connor-Earl	Mrs Harriet Connor-Earl	Mrs Harriet Connor-Earl
Bursar &Company Secretary		Mrs Sara Gibbins
Deputy Head		Miss Philippa	D'Aquino
Director ofStudies		Mr Martin Otter
Independent	Auditor	Moore Kingston		Smith LLP
		9Appold Street
		London
		EC2A 2AP
		Barclays Bank	PLC
		28 Hampstead	High Street
		London
		NW3 IQB
Solicitors		Veale Wasbrough		Vizards
		Orchard Court
		Orchard Lane
		Bristol
		BSI5WS

		for	the year ended 31A	the year ended 31A	ugust 2022
			Unrestricted		Restricteil	Total	Total
						2022	2021
			Note				K
Income
Invesunent income —interest receivable				236		236	166
Donations				5	4,258	4,263	5,066
Charitable activities:
School operations:			2a
Gross Fees receivable				3,666,958		3,666,958	3,808,190
Less: Bursaries				(183,156)	(4,258)	(187,414)	(247,591)
				3,483,802	(4,258)	3,479,544	3,560,599
Ancillary Income			2a	435,290		435,290	310,188
Material Items			2a				36,238
				3,919,092	(4,258)	3,914,834	3,907,070
TOTAL INCOME				3,919,333		3,919,333	3,912,302
Expenditure
Charitable acnvi tiest
School operating costs				(4,121,878)		(4,121,878)	(4,281,641)
TOTAL EXPENDITURE			3	(4,121,878)		(4,121,878)	(4,281,641)
Net (deficit) and net movement		in funds
for the year				(202,545)		(202,545)	(369,339)
Reconciliation offunds
Total funds brought	forward			4,764,009		4,764,009	5,133,348
Total funds carried forward			10	4,561,464		4,561,464	4,764,009

		STMARY'S	SCHOOL, HAMPSTEAD	SCHOOL, HAMPSTEAD
		Company		No: 2643515
			Balance Sheet
		at	31August 2022
		Notes		2022		2021
Fixed assets					g
Tangible assets				3,289,648		3,514,034
Current assets
Debtors		6		67,405	67,414
Cash at bank and in hand				2,226,037	2,224,652
				2,293,442	2,292,066
Liabilities: Amounts	falling due
within one year		7		(818,476)	(805,657)
Net current assets				1,474,966		1,486,410
Total assets less current liabilities				4,764,614		5,000,443
LiabiTities: Amounts	falling due after
more than one year Provisions for Liabilities				(179,150) (24,000)		(236,434)
Net Assets				4,561,464		4,764,009
Funds
Unrestricted Funds:
General Funds		10		1,271,816		1,249,975
Tangible Fixed Assets	Fund	10		3,289,648		3,514,034
Total Funds				4,561,464		4,764,009

					Notes	2022	2021
Cash provided/(used)	by operating			activities	14	9,770	(74,859)
Cash flows from investing		activities
Bank interest received						236	166
Purchase ofTangible	Fixed Assets					8 621	~19986
Cash used in investing activities						(8,385)	(19,820)
Increase/(Decrease)	in cash and		cash	equivalents	in the year	1,385	(94,679)
Total cash and cash	equivalents		and the beginning		ofthe year	2,224,652	2,319,331
Total cash and cash	equivalents		at the	end ofthe	year	2,226,037	2,224,652
Analysis ofchanges	in net	debt
						2022
					As at 1September	Cashflows	As at 31August
Cash and cash equivalents					g	g
Cash					2,224,652	1,385	2,226,037
Total					2,224,652	1,385	2,226,037
						2021
					As at 1September	Cashflows	As at 31August
Cash and cash equivalents						g
Cash					2,319,331	(94,679)	2,224,652
Total					2,319,331	(94679)	2224 652

to the useful lives	to the useful lives	to the useful lives	ofthe tangible fixed	assets ofthe Charity	.
School operation			income
				2022	2022	2022	2021
				Unrestricted	Restricted	Total	Total
							g
Gross School		fees	receivable	3,666,958		3,666,958	3,808,190
Less Bursaries				(183,156)	(4,258)	(187,414)	(247,591)
				3,483,802	(4,258)	3,479,544	3,560,599
Ancillary Income:
Extras				174,782		174,782	142,352
Lunches				188,867		188,867	147,779
Registration	fees			10,500		10,500	8,625
Other				61,141		61,141	11,432
				435,290		435290	310188
Material items:
Government		grants	under the
Coronavirus		Job Retention Scheme					36,283
				3,919,092	(4,258)	3,914,834	3,907,070

	YEA	RENDED 3	1AUGUST 2022
Net movement in funds				2022	2021
				K	f.
Net movement in funds	is stated after	charging:
Auditor's remuneration	(including VAT):
External audit (current year)				14,100	17,760
Operadng lease charges				10,721	11,415
Depreciation				233,008	272,557
All these movements are movements		in unrestricted	funds.

No such grants restricted funds.	were received in the year	to 31 August 2022 and there	is therefore no	expenditure
		Unrestricted	Restricted	Total
		funds	funds	2022
		g
2022 Charitable	expenditure-
School operating	costs:
Teaching costs		2,604,143		2,604,143
Catering		230,804		230,804
Premises		533,580		533,580
School administration		749,393		749,393
Public benefit		3,958		3,958
		4,121,878		4,121,878
		Unrestricted	Restricted	Total
		funds	funds	2021
2021Charitable	expenditure-
School operating	costs:
Teaching costs		2,659,369	33,915	2,693,284
Catering		227,592		227,592
Premises		621,353		621,353
School administration		736,049	2,368	738,417
Public benefit		995		995
		4,245,358	36,283	4,281,641

Analysis ofcharit	able a	cti	vities expenditure:
				Direct	Support	Total
				costs	costs	2022
						g
2022 Charitable	expenditure-
School operating	costs:
Teaching costs				2,604,143		2,604,143
Catering				230,804		230,804
Premises				533,580		533,580
School administration				249,539	499,854	749,393
Public benefit				3,958		3,958
				3,622,024	499,854	4,121,878
				Direct	Support	Total
				costs	costs	2021
2021 Charitable	expenditure-
School operating	costs:
Teaching costs				2,693,284		2,693,284
Catering				227,592		227,592
Premises				621,353		621,353
School administration				228,751	509,666	738,417
Public benefit				995		995
				3,771,975	509,666	4,281,641
2022 Support costs:					2022
				Unrestricted	Restricted	Total
				funds	funds
School administration:		staff costs		457,440		457,440
Governance costs:
Audit fee				14,100		14,100
Legal and professional		fees		27,069		27,069
Trustees' and Governors'			expenses	1,245		1,245
				499,854		499,854

2021 Support costs:			2021
		Unrestricted	Restricted	Total
		funds	funds
School administration:	staff costs	482,152	2,368	484,520
Governance costs:
Audit fee		17,760		17,760
Legal and professional fees Trustees' and Governors' expenses		4,751 2,635		4,751 2,635
		507,298	2,368	509,666
			2022 K	2021I
Staffcosts include:
Wages and salaries			2,271,212	2,413,788
Social security costs			244,998	245,353
Pension contributions			359,370	365,069
Supply staff costs			63,684	25,660
			2,939,264	3,049,870

Tangible fixed assets
		Freehold	Furniture &
	Land	Buildings	Equipment	Total
Cost
At 1September 2021	1,000,000	3,654,857	1,086,589	5,741,446
Additions		7,074	1,547	8,621
At 31August 2022	1,000,000	3,661,931	1,088,136	5,750,067
Depreciation
At 1 September 2021		1,349,595	877,817	2327,412
Charge for year		123,424	109,583	233,007
At 31August 2022		1,473,019	987,400	2,460,419
Net book value
At 31August 2022	1,000,000	2,188,912	100,736	3,289,648
Net book value
At 31August 2021	1,000,000	2,305,262	208,772	3,514,034

Debtors						2022	2021
						g
Fees						29,274	19,368
Other debtors						98	1,210
Prep ayments						38,033	46,836
						67,405	67,414
Fees outstanding	are stated after aprovision				for doubtful	debts of627,690(2021:f29,085).
Creditors: Amounts		falling	due within	one year		2022	2021
Trade creditors						41,247	146,096
Fees received in	advance					526,830	427,347
Fee deposits						37,000	30,393
Other taxes and	social	security				59,681	63,503
Accruals and deferred		income				98,463	92,812
Pension contributions						46,321	36,025
Other creditors						8,934	9,481
						818,476	805,657
Deferred Income, including			fees in advance			2022	2021
Brought forward	at 1 September 2021					468,847	497,175
Resources deferred in		the year				555,750	468,847
Resources released to		SOFA in year				(468,847)	(497,175)
Deferred Income	at31August		2022			555,750	468,847

NO	TES TO THE FINANCIAL STATEMENTS ( YEAR ENDED 31AUGUST 2022	continued)
Creditors: Amounts	falling due after more than one year	2022	2021
Fee deposits:
Between 2-5years		82,050	159,434
More than 5 years		97,100	77,000
		179,150	236,434

		2022
Brought	forward at 1 September 2021
Charged	to SOFA in year:	24,000
Provision	for liabilities at31August 2022	24,000

Restricted	aad unrestricte	d funds
		Balance at				Balance at
		1September	Incoming	Resources		31August
		2021	Resources	Expended	Transfers	2022
			K			K
Unrestricted	funds:
General funds		1,249,975	3,919,333	(4,121,878)	224,386	1,271,816
Tangible fixed assets fund		3,514,034			(224,386)	3,289,648
		4,764,009	3,919,333	(4,121,878)		4,561,464
Restricted funds:
Donations
		4,764,009	3,919,333	(4,121,878)		4,561,464

				Balance at	Balance at				Balance at
				1September		Incoming	Resources		31August
					2020	Resources	Expended	Transfers	2021
								g
Unrestricted funds:
General funds					1,366,743	3,876,019	(4,245,358)	252,571	1,249,975
Tangible	fixed assets	fund			3,766,605			(252,571)	3,514,034
					5,133,348	3,876,019	(4,245,358)		4,764,009
Restricted	funds:
Material Government		grants				36,283	(36,283)
Donations
Other						36,283	(36,283)
					5,133,348	3,912,302	(4,281,641)		4,764,009
Operating	leases
								2022	2021
Hire ofequipment								K	g
Total offuture minimum			lease		payments	under non-cancellable	operating leases:
Payments	due within	one year						7,274	7,246
Payments	due in one	to two		years				7,104	142
Payments	due in two	to five years						3,552

		2022	2021
			8
Net (outgoing)/incoming resources		(202,545)	(368,339)
Add: Depreciation		233,007	272,557
Less: Investment income and bank interest		(236)	(166)
Decrease/(increase) in debtors		9	93,599
(Decrease)/increase in creditors		(20,465)	(71,510)
Net cash (used)/provided by operating	activities	9,770	(74,859)