| SENIORLEADERSHIPTEAM ANDPROFES |
SIONAL ADVISORS |
|---|---|
| Headmistress | MrsHarriet Connor-Earl (to3lAugust2023) |
| MissCharlotte Owen(fromISeptember2023) | |
| Bursar&CompanySecretary | MrsSaraGibbins |
| DeputyHead(maternityleave) | MissPhilippaD'Aquino |
| DirectorofS¡¡diesandActingDeputy Head | MrMartinOtter |
| IndependentAuditor | Moore Kingston SmithLLP |
| 9AppoldStreet | |
| London | |
| ECZAzAP | |
| Bankers | Barclays Bank PLC |
| 28 HampsteadHighStreet | |
| London | |
| NW3rQB | |
| Solicitors | VealeWasbroughVizards |
| Orchard Court | |
| Orchard Lane | |
| Bristol | |
| BSI5WS |
| for | theyearended3LAug | theyearended3LAug | theyearended3LAug | ust2023 | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Note | f, |
Ï' | 2023 f |
2022 f, |
||
| fncome | ||||||
| Investment income-interestreceivable Donations |
33,379 ' |
- 5,633 |
33,379 5,633 |
4,263 236 |
||
| Chørìtøbleøctívítíes: | ||||||
| School operations: | 2a | |||||
| GrossFeesreceivable | 3,530,303 | 3,530,303 | 3,666,958 | |||
| Less:Bursaries | (240,632) | (5,633) | (246,265) | (187,414) | ||
| 3,299,671 | (5,633) | 3,284,038 | 3,479,544 | |||
| AncillaryIncome | 2a | 561,397 | 561,397 | 435,290 | ||
| 3,851,068 | (5,633) | 3,845,435 | 3,914,834 | |||
| TOTALINCOME | 3,984,447 | 3,884,447 | 3,919,333 | |||
| Expenditure | ||||||
| Chørítableøctìvítìes: | ||||||
| Schooloperatingcosts | (4,045,196) | (4,045,196) | (4,121,878) | |||
| TOTALEXPENDITURE | 3 | (4,045,196) | (4,045,196) | (4,121,878) | ||
| Net(deficit)andnet movementinfunds fortheyear |
(t60,749) | (160,749)(202,545) | ||||
| Reconciliationoffi.mds Totalfunds broughtforward |
4,561,464 | 4,561,464 | 4,7&,009 | |||
| Totalfunds carriedforward | 10 | 4,400,715 | 4,400,715 | 4,561,464 |
| at3lA | ugust2023 | ||||
|---|---|---|---|---|---|
| Notes | 2023 | 2022, | |||
| g | f | g | g | ||
| Fixedassets | |||||
| Tangibleassets | 5 | 3,16l,lg7 | 3,289,&g | ||
| Currentassets | |||||
| Debtors | 6 | 115,473 | 67,405 | ||
| Cashatbank andin hand | 2,219,306 | 2,226,037 | |||
| 2,334,779 | 2,293,442 | ||||
| LiabilÍties:Amountsfallingdue withinoneyear |
7 | (821,711) | (806,976) | ||
| Netcurrentassets | 1,513,069 | 1,486,466 | |||
| Totalassetslesscurrent liabilities | 4,674,265 | 4,776,114 | |||
| Liabilities:Amountsfallingdueafter | |||||
| morethan oneyear | 8 | (249,550) | (190,ó50) | ||
| Provisions forLiabilities | 9 | (24,000) | (24,000) | ||
| NetAssets | 4,400,715 | 4,561,464 | |||
| Funds | |||||
| Unrestricted Funds: | |||||
| General Funds | l0 | l,23g,5lg | l,27l,g16 | ||
| Tangible FixedAssetsFund | 10 | 3,16l,lg7 | 3,289,&g | ||
| TotalFunds | 4,400,715 | 4,561,464 |
| Notes | 2023 | 2022 | |
|---|---|---|---|
| s | g | ||
| Cashprovided(used) by operating activities | t4 | 24,849 | 9,770 |
| Cashflowsfrominvestingactivities | |||
| Bank interest received | 33,379 | 236 | |
| PurchaseofTangibleFixedAssets | rc4.959|(8.621) | ||
| Cash usedininvestingactivities | (31,580) | (8,385) | |
| lncrease(Decrease)incashandcashequivalentsintheyear | (6,731) | 1,385 | |
| Totalcash and cashequivalents andthebeginningoftheyear | 2,226,037 | 2,224,652 | |
| Totalcash and cashequivalentsattheendoftheyear | 2,219,306 | 2,226,037 |
| Analysisofchangesinnetdebt | |||
|---|---|---|---|
| 2023 | |||
| Asat1September | Cashflows | As at31August | |
| Cash andcashequivalents | f, | f | g |
| Cash | 2,226,037 | (6,73t) | 2,219,306 |
| Total | 2,226,037 | (6,731) | 2,219,306 |
| 2022 | |||
| Cashandcashequivalents | Asat1September f, |
Cashflows t |
As at31August f |
| Cash | 2,224,652 | 1,395 | 2,226,037 |
| Total | 2,224,652 | 1,385 | 2,226,037 |
| Schooloperation income | ||||
|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | |
| Unrestricted | Restricted | Total | Total | |
| r, | f, | Ê | r, | |
| Gross School feesreceivable | 3,530,303 | 3,530,303 | 3,666,958 | |
| LessBursaries | (240,632) | (5,633) | (246,265) | (187,4t4) |
| 3,299,671(5,633) | 3,284,038 | 3,479,544 | ||
| Ancillarylncome: | ||||
| Extras | 324,166 | 324,166 | 174,782 | |
| Lunches | 195,030 | 195,030 | 188,867 | |
| Regishationfees Other |
14,345 27,856 |
14,345 27,856 |
10,500 6l,l4l |
|
| 56t,397 | 561,397 | 435,290 | ||
| 3,851,068(5,633) | 3,845,435 | 3,9t4,834 |
| Netmovementinfunds | 2023 | 2022 |
| f | f | |
| Net movementinfunds issûatedafter charging: | ||
| Auditor'sremuneration(includingVAT): | ||
| Extemal audit (current year) | 18,075 | 14,100 |
| Operatingleasecharges | 7,751 | 10,72r |
| Depreciation | 193,410 | 233,008 |
| below. | |||
|---|---|---|---|
| Unrestricted | Restricted | Total |
|
| funds | funds | 2022 | |
| fff, | |||
| 2023Charitable expenditure- | |||
| Schooloperatingcosts: | |||
| Teachingcosts | 2,460,399 | 2,460,399 | |
| Catering | 223,632 | 223,632 | |
| Premises | 620,833 | 620,833 | |
| Schooladministration | 738,030 | 738,030 | |
| Publicbenefit | 2,303 | 2,303 | |
| 4,045,196 | 4,045,196 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | 2021 | |
| f | g | s. | |
| 2022Charitable expenditure- | |||
| Schooloperatingcosts: | |||
| Teachingcosts | 2,604,143 | 2,604,143 | |
| Catering | 230,804 | 230,804 | |
| Premises | 533,580 | 533,590 | |
| Schooladministration | 749,393 | 749,393 | |
| Publicbenefit | 3,958 | 3,958 | |
| 4,l2l,g7g | 4,l2l,g7g |
| CharitableExpenditure(continued) Analysis of charitable activitiesexpenditure: |
|||
|---|---|---|---|
| Direct | Support | Total | |
| costs t |
costs r, |
2023f | |
| 2023Charitableexpenditure- | |||
| Schooloperatingcosts: | |||
| Teachingcosts | 2,460,399 | 2,460,398 | |
| Catering | 223,632 | 223,632 | |
| Premises | 620,833 | 620,833 | |
| Schooladministration | 211,493 | 526,537 | 738,030 |
| Public benefit | 2,303 | 2,303 | |
| 3,518,659 | 526,537 | 4,045,196 | |
| Direct | Support | Total | |
| costs | costs | 2022 | |
| f | g | r, | |
| 2022Charitable expenditure- | |||
| Schooloperatingcosts: | |||
| Teachingcosts | 2,604,143 | 2,604,143 | |
| Catering | 230,804 | 230,804 | |
| Premises | 533,580 | 533,580 | |
| Schooladministration | 249,539 | 499,854 | 749,393 |
| Public benefit | 3,958 | 3,958 | |
| 3,622,024 | 499,854 | 4,121,878 | |
| 2023Supportcosts: | |||
| Unrestricted | Restricted | Total | |
| funds | funds | ||
| f, | g | f | |
| Schooladministration: staffcosts | 463,629 | 463,629 | |
| Govemance costs: | |||
| Auditfee | 18,075 | 18,075 | |
| Legalandprofessionalfees | ¿.')'))) | L)'))) | |
| Trustees'andGovernors'expenses | 2,611 | 2,611 | |
| 526,537 | 526,537 |
| 2022Supportcosts: | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | ||
| f | f | f. | |
| Schooladministration: staffcosts | 457,440 | 457,440 | |
| Governancecosts: | |||
| Auditfee | 14,100 | 14,100 | |
| Legalandprofessionalfees | 27,069 | 27,069 | |
| Trustees'andGovernors'expenses | 1,245 | 1,245 | |
| 499,854 | 499,854 | ||
| 2023 | 2022 | ||
| g | f | ||
| Staffcostsinclude: | |||
| 'Wagesand salaries | 2,194,190 | 2,271,212 | |
| Socialsecuritycosts | 235,546 | 244,998 | |
| Pensioncontributions | 366,729 | 359,370 | |
| Supply staffcosts | 18,742 | 63,684 | |
| 2,815,207 | 2,939,264 |
| employers' pension contributionsandemployer'sna | tionalinsurancecontributions)exceededf | 60,000w |
|---|---|---|
| 2023 | 2022 | |
| No. | No. | |
| Ê60,000-f70,000 | 2 | 2 |
| Ê70,000- f,80,000 | I | I |
| f90,000- f,90,000 | I | |
| fl00,000-f110,000 | I | 1 |
| Theseemployeesareaccruing retkementbenefits undertheStand contributionscherne, and the Teachers'PensionScheme,adefined ben |
ardLifePensionSch efitscheme. |
eme,ade |
|---|---|---|
| 2023 | 2022 | |
| Theaveragenumberofemployeesduring theyear was: | No. | No. |
| Teaching | 42 | 50 |
| Other | t7 | 18 |
| 59 | 68 |
| Tangiblefixedassets | ||||
|---|---|---|---|---|
| Freehold | Furniture& | |||
| Land g |
Buildings f, |
Equipment f |
Total f |
|
| Cost | ||||
| At1September2022 | 1,000,000 | 3,661,931 | 1,088,136 | 5,750,067 |
| Additions | 64,959 | 64,959 | ||
| Disposals | (89,626) | (89,626) | ||
| At31August2023 | 1,000,000 | 3,661,9311,063,469 | 5,725,400 | |
| Depreciation | ||||
| AtISeptember2022 | 1,473,019 | 987,400 | 2,460,419 | |
| Chargeforyear | 123,873 | 69,537 | 193,410 | |
| Disposals | (89,626) | (89,626) | ||
| At31August2023 | 1,596,892 | 967,3ll | 2,564,203 | |
| Net book value At31August2023 |
1,000,000 | 2,065,039 | 96,158 | 3,161,197 |
| Netbook value At3lAugust2022 |
1,000,000 | 2,188,912 | t00,736 | 3,289,&8 |
| Debtors | 2023 | 2022 |
| f | g | |
| Fees | 27,422 | 29,274 |
| Otherdebtors | 30,448 | 98 |
| Prepayments | 57,603 | 38,033 |
| 115,473 | 67,405 |
| Creditors:Amountsfallingduewithinoneyear | Z0Zs | 2022 |
|---|---|---|
| f, | g | |
| Tradecreditors | 82,591 | 41,247 |
| Feesreceivedinadvance | 472,199 | 526,830 |
| Feedeposits | 34,000 | 37,000 |
| Othertaxes andsocial security | 55,025 | 59,681 |
| Accrualsand deferredincome | 126,687 | 86,963 |
| Pensioncontributions | 41,913 | 46,321 |
| Other creditors | 9,296 | 8,934 |
| 82l,7ll | 806,976 | |
| Deferredincome,includingfeesinadvance | 2023 t |
2022 Ê |
| Brought forward atISeptanber 2022 | 544,250 | 468,847 |
| Resourcesdefened intheyear | 500,727 | 544,250 |
| Resources releasedto SOFAinyear | (544,250) | (468,847) |
| Deferred Incomeat3lAugust2023 | 500,727544,250 |
| NOTESTO THEFINANCIALSTATEMENTS( YEAR ENDED31AUGUST2023 |
continued) | |
|---|---|---|
| Creditors:Amountsfallingdueaftermorethanoneyear | 2023 f, |
2022 f |
| Feedeposits: | ||
| Between 2-5years | 125,050 | 92,050 |
| More than5 years | 113,000 | 97,100 |
| Defened income: Befween 2-5 yearc |
11,500 | 11,500 |
| 249,550 | 190,650 | |
| I)eferredincome,includingfeesinadvance | 2023 f |
2022 f |
| Broughtforward at1Septernber2022 | 11,500 | |
| Resourcesdefenedintheyear | 11,500 | |
| Resources releasedto SOFA inyear | ||
| Defened Income at3lAugust2023 | 11,500 | 11,500 |
| 2023 | 2022 | |
|---|---|---|
| g | g | |
| BroughtforwardatISeptember 2022 | 24,000 | |
| Chargedto SOFAinyear: | 24,000 | |
| Provisionfor liabilitiesat3lAugust2023 | 24,000 | 24,000 |
| Balanceat lSeptember |
Incoming | Resources | Balanceat 3lAugust |
||
|---|---|---|---|---|---|
| 2022 f |
Resources f |
Expended f |
Transfers f |
2023 f |
|
| Unrestrictedfrmds: | |||||
| Generalfunds | 1,271,816 | 3,884,447 | (4,045,196) | 128,451 | 1,239,519 |
| Tangiblefixedassetsfund | 3,289,648 | (128,451) | 3,161,197 | ||
| 4,561,464 | 3,994,447 | (4,045,196) | 4,400,715 | ||
| Restrictedfunds: | |||||
| Donations | |||||
| 4,561,464 | 3,994,447 | (4,045,196) | 4,400,715 |
| Balanceat | Balanceat | ||||
|---|---|---|---|---|---|
| 1September | Incoming | Resources | 3lAugust | ||
| 2021 f |
Resources f, |
Expended f |
Transfers f |
2022 f. |
|
| Unrestrictedfunds: | |||||
| Generalfunds | 1,249,975 | 3,919,333 | (4,121,979) | 224,386 | 1,271,816 |
| Tangiblefixedassetsfund | 3,514,034 | (224,386) | 3,289,648 | ||
| 4,7&,A09 | 3,919,333 | (4,121,979) | 4,561,464 | ||
| Restricted funds | |||||
| Donations | |||||
| 4,764,009 | 3,919,333 | (4,121,979) | 4,561,4& |
| Operatingleases | ||
|---|---|---|
| 2023 | 2022 | |
| g | g | |
| Hireofequipment | ||
| Totaloffutureminimumleasepaymentsundernon-cancellableoperatingleases: | ||
| Payments duewithinoneyear | 7,303 | 7,274 |
| Payments dueinoneto twoyears | 3,552 | 7,104 |
| Payments duein twoto fiveyears | 3,552 |
| 2023 | 2022 | |
|---|---|---|
| f | g | |
| Net(outgoing)resources | (160,749) | (202,545) |
| Add:Depreciation | 193,410 | 233,007 |
| Less: Investment incomeandbank interest | (33,379) | (236) |
| (Increase)/decreaseindebtors | (48,068) | 9 |
| Increase/(decrease)increditors | 73,635 | (20,465) |
| Netcashprovided byoperatingactivities | 24,849 | 9,770 |