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|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|
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|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|
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|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|
##
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||||
|---|---|---|
|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|
##
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|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|
##
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|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|
##
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##
|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|
##
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|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|
##
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||||
|---|---|---|
|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||
##
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##
|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&|
##
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|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|
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||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|