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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|||



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|||for|the year ended 31A|the year ended 31A|ugust 2022|||
|---|---|---|---|---|---|---|---|
||||Unrestricted||Restricteil|Total|Total|
|||||||2022|2021|
||||Note||||K|
|Income||||||||
|Invesunent<br>income —interest receivable||||236||236|166|
|Donations||||5|4,258|4,263|5,066|
|Charitable<br>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<br>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<br>Provisions<br>for Liabilities||||(179,150)<br>(24,000)||(236,434)|
|Net Assets||||4,561,464||4,764,009|
|Funds|||||||
|Unrestricted<br>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<br>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|





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|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|





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



## 

|No such grants<br><br>restricted funds.|were received in the year|to 31 August<br>2022 and there|is therefore<br>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|





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|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<br>costs:|||||||
|Audit fee||||14,100||14,100|
|Legal and professional||fees||27,069||27,069|
|Trustees'<br>and Governors'|||expenses|1,245||1,245|
|||||499,854||499,854|





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|2021 Support costs:||||2021||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds||
|School administration:|staff costs||482,152|2,368|484,520|
|Governance<br>costs:||||||
|Audit fee|||17,760||17,760|
|Legal and professional<br>fees<br>Trustees'<br>and Governors'<br>expenses|||4,751<br>2,635||4,751<br>2,635|
||||507,298|2,368|509,666|
|||||2022<br>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|



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|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|





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|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|





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|NO|TES TO THE FINANCIAL STATEMENTS (<br>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|2021|
|---|---|---|---|
|Brought|forward at 1 September 2021|||
|Charged|to SOFA in year:|24,000||
|Provision|for liabilities at31August 2022|24,000||



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|Restricted|aad unrestricte|d<br>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|





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|||||Balance at|Balance at||||Balance at|
|---|---|---|---|---|---|---|---|---|---|
|||||1September||Incoming|Resources||31August|
||||||2020|Resources|Expended|Transfers|2021|
|||||||||g||
|Unrestricted<br>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||





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