| Annual reportand financial statements forthe year ended 31 August 2022 |
||
|---|---|---|
| Contents | Page | |
| Trustees, officers and advisors | 1 | |
| Report of the Trustees and Strategic Report | 2- 15 | |
| Independentauditors’ report | 16-18 | |
| Consolidated statement offinancial activities | 19 | |
| Consolidated summary income and expenditure account | 20 | |
| Note of consolidated historical cost profits and losses for the year | 20 | |
| Balance sheets | 21 | |
| Consolidated cash flow statement | 22 | |
| Notes to the financial statements | 23 | - 46 |
| Trustees, Officers and Adviso | rs | ||
|---|---|---|---|
| Trustees, Governors and Directors Ms AF l-lazlitt |
BA | Membership of Committees SG |
|
| (Chair ofGovernors) | |||
| Mr NM Homby (Vice Chair) |
BSc | ES, F, N. B | |
| Mr TM Boucher (Chair of Finance & General Purposes Committee) |
BA,FCA | ES, F, N, B | |
| Mr JJ Smith (Chairof Education Committee) |
BA, MEd, PGCE | ED, N | |
| Ms VJ Exelby Mrs FM Holmes Dr C Q’Kane |
MA BComm MA, MB BChir, MSc, |
ED, SG, B ES, F ED |
|
| Dphil | |||
| Mr MK Ridley (Chair of Estates Sub-Committee) |
BA, MA, MRICS | ES, F, B | |
| Ms EJ Clarke | MlnstF(Cert) | ED, B | |
| Mrs Cl Ratnage (Chair of Safeguarding Committee) |
MBChB, MRCGP | ED, SC | |
| Ms P Diana Ms C Ross Ms 5K McNair Scott (Chair of Business Development Committee) |
BSc MA LLB (F-ions) |
ED, SG SG, F, N B, E, F |
|
| NB Key to membership of Committees above is as |
follows; | ||
| Education Committee | ED | ||
| Safeguarding Committee | SG | ||
| Finance & General Purposes Committee | F | ||
| Estates Sub-Committee | ES | ||
| Nominations, Governance and Remuneration Committee | N | ||
| Business Development Committee | B |
| for the year ended 31 | Au | gust 2022 | gust 2022 | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted funds | Restricted | Endowed | Total | Total | |||
| Notes | School | Others | Funds | Funds | 2022 | 2021 | |
| £000 | £000 | £000 | £000 | £‘OOO | £000 | ||
| INCOMING RESOURCES | |||||||
| Donationsandlegacies | - | - | 18 | - | 18 | 110 | |
| Othertrading activities: | |||||||
| Trading income | - | 462 | - | - | 462 | 40 | |
| Premises hire | 21 | - | - | - | 21 | - | |
| Income from investments | 3 | - | - | 16 | 19 | 14 | |
| Income from charitable activities: | |||||||
| School activities | 22809 | - | - | - | 22809 | 20,834 | |
| Other income: | |||||||
| Gan on disposal ci fixed assets | - | - | - | - | - | 1 | |
| Total Income and Endowments | 22,833 | 462 | 18 | 16 | 23,329 | 20,999 | |
| RESOURCES EXPENDED | |||||||
| Expenditureon raising funds: | |||||||
| Trading expenditure | 5 | - | 105 | - | - | 105 | 14 |
| Generating voluntary income | 5 | 145 | - | - | - | 145 | 211 |
| Expenditure on charitable activities | |||||||
| School activities | 5 | 21,910 | 916 | 52 | 13 | 22,891 | 20,398 |
| Governance costs | 5 | 51 | 6 | - | - | 57 | 50 |
| Total expenditure | 22,106 | 1,027 | 52 | 13 | 23,198 | 20,673 | |
| NET INCOME) (EXPENSE) BEFORE (LOSSES) / GAINS ON INVESTMENTS |
727 | (565) | (34) | 3 | 131 | 326 | |
| Net (losses) /gains on investments | - | - | - | (57) | (57) | 188 | |
| NET INCOME/(EXPENSE) BEFORE TRANSFERS |
4 | 727 | (565) | (34) | (54) | 74 | 514 |
| Transfers between funds | 17 | 309 | (285) | (24) | - | - | - |
| NET MOVEMENT IN FUNDS | 1,036 | (850) | (58) | (54) | 74 | 514 | |
| Total funds brought forward | 17 | 22,256 | 2,343 | 1,660 | 1,502 | 27,761 | 27,247 |
| TOTALFUNDS CARRIED FORWARD | 17 | 23,292 | 1,493 | 1,602 | 1,448 | 27,835 | 27,761 |
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £‘OOO | £000 | |
| Net charitable income | 22,867 | 20958 | |
| Less Endowedfund income | (16) | (42) | |
| Gain on disposal | 1 | ||
| Non-charitable trading income | 2 | 462 | 40 |
| Total income | 23,313 | 20,957 | |
| Charitable expenditure | (23,080) | (20,659) | |
| Add back Endowed fund expenditure | 13 | 12 | |
| Non-charitable trading expenditure | 2 | (105) | (14) |
| Net Income before investment asset disposals | 141 | 296 | |
| (Loss) on disposal of fixed asset investments | (41) | (2) | |
| Interest payable and similar charges | 7 | (13) | |
| Interest receivable | 19 | ||
| Surplus of income over expenditure | 106 | 294 | |
| Reconciliation to Consolidated statement of financial | activities |
| Reconciliation to Consolidated statement of financial activities | ||
|---|---|---|
| 2022 | 2021 | |
| £‘OOO | £000 | |
| Net incoming resources before recognised gains & losses | 131 | 326 |
| (Loss) on disposal offixed asset investments | (41) | (2) |
| Less net income and expenditure on endowed funds | 3 | (30) |
| Surplus of income over expenditure | 93 | 294 |
| Note of consolidated historical cost the yearended 31 August 2022 |
profits and loss | es for |
|---|---|---|
| 2022 | 2021 | |
| £000 | £000 | |
| Reported surplus of income over expenditure | 93 | 294 |
| Realisation ofinvestment gains of previous years | (41) | (2) |
| Historical surplus on ordinary activities | 52 | 292 |
| Balance Sheets as at 31 | Augu | st 2022 | st 2022 | ||
|---|---|---|---|---|---|
| Consolidated | School | ||||
| 2022 | 2021 | 2022 | 2021 | ||
| Notes | £000 | £000 | t000 | £000 | |
| Fixed assets | |||||
| Tangible assets | 9 | 30,180 | 29,632 | 2,741 | 2,490 |
| Investments | 10 | 2,146 | 2,207 | 2,146 | 2,207 |
| 32,326 | 31,839 | 4,887 | 4,697 | ||
| Current assets | |||||
| Stocks | 11 | 20 | 19 | 20 | 19 |
| Debtors | 12 | 2,563 | 3,678 | 39,802 | 39,159 |
| Investments | 10 | 164 | 329 | 154 | 319 |
| Cash at bank and in hand | 6,658 | 3,793 | 5,793 | 3,333 | |
| 9,405 | 7,819 | 45,769 | 42,830 | ||
| Creditors: amounts falling due wilhin one | |||||
| year | 13 | (10,032) | (9,018) | (21,265) | (20,079) |
| Net current (liabilities) I assets | (627) | (1,199) | 24,504 | 22,751 | |
| Total assets less current liabilitIes | 31,699 | 30,640 | 29,391 | 27,448 | |
| Creditors: amounts falling due after more | |||||
| than one year | |||||
| Advance fees | 15 | (640) | (728) | (640) | (728) |
| Bank Loans | 13 | (1,500) | (500) | (1,500) | (500) |
| Final term deposits | 14 | (1,175) | (1,102) | (1,175) | (1,102) |
| (3,315) | (2,330) | (3,315) | (2,330) | ||
| Pension deficit | 20 | (549) | (549) | (549) | (549) |
| Net assets | 27,835 | 27,761 | 25,527 | 24.569 | |
| Represented by | |||||
| Endowed funds | 17 | 1,448 | 1,502 | 1,448 | 1,502 |
| Restricted funds | 17 | 1,602 | 1,660 | 787 | 811 |
| Unrestricted funds | |||||
| Designated | 17 | 126 | 125 | 126 | 125 |
| Retained income | 17 | 24,659 | 24,474 | 23,166 | 22,131 |
| Non-charitable trading funds | 17 | ||||
| Total Unrestricted funds | 24,785 | 24,599 | 23,292 | 22,256 | |
| Total funds | 27,835 | 27,761 | 25,527 | 24,569 |
| forthe year ended 31 Augus | t 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Notes | £‘OOO | £000 | |
| Net cash inflow from operating activities | 22 | 3,689 | 1,895 |
| Net cash outflow from investing activities | 23 | (1,824) | (1698) |
| Net cash inflow before financing | 1,865 | 197 | |
| Net cash inflow from financing activities | 1,000 | 500 | |
| Increase in cash in the year | 2425 | 2,865 | 697 |
House School and third parties. It donates its taxable profits to 31 August were: |
the School. Its results fort | he year to |
|---|---|---|
| 2022 | 2021 | |
| £000 | £000 | |
| Turnover | 462 | 40 |
| Costofsales | (97) | (9) |
| Gross profit | 365 | 31 |
| Administration expenses | (3) | (5) |
| Donation to other registered charities | (5) | - |
| Profit on ordinary activities before taxation | 357 | 26 |
| Tax on profit on ordinary activities | - | - |
| Profit forthe financial year | 357 | 26 |
| Donation to Downe House School | 357 | 26 |
| Cost ofsales include £21363 (2021: £Nil) for accommodation services pro | vided by the S | chool. |
|---|---|---|
| 2022 | 2021 | |
| £000 | £000 | |
| Total assets | 428 | 45 |
| Total liabilities | (428) | (45) |
| Net assets | - | - |
| 3 Incoming resources from school activities |
| 3 Incoming resources from schoo |
l activities | |
|---|---|---|
| 2022 | 2021 | |
| £‘OOO | £000 | |
| Gross fees receivable | 23,653 | 21664 |
| Bursaries, grants and scholarships | (944) | (915) |
| Net fee income | 22,709 | 20,749 |
| Registration fees | 100 | 85 |
| 22,809 | 20834 |
| 4 Net income |
!(expense) before transfers | ||
|---|---|---|---|
| 2022 | 2021 | ||
| toaD | £000 | ||
| Net income/(expense) before fransfers is stated after charging: | |||
| Depreciation on owned | assets | 1,435 | 1,384 |
| Operating ease rentals | — equipment | 30 | 27 |
| Auditors remuneration | |||
| - foraudit services, net | of vat (School: £33000 (2021: £28,000)) | 40 | 35 |
| - vat on audit services | 8 | 7 | |
| - Other assurance services | 39 | 9 | |
| - Tax compliance services | 9 | 8 | |
| Staff costs | |||
| Wages and salaries | 11,677 | 10,879 | |
| Social security costs | 1,554 | 1,221 | |
| Pension contributions | 1,774 | 1715 | |
| 15,005 | 13,815 |
| 2022 | 2021 | ||
|---|---|---|---|
| Number | Number | ||
| £60,001 | - £70,000 | 7 | 8 |
| £70,001 | - £80,000 | 4 | 6 |
| £80,001 | - £90000 | 3 | 3 |
| £90,001 | - £100,000 | 1 | |
| £100,001 | -E110,000 | 2 | 2 |
| £110,001 | -E120,000 | ||
| £260,001 | - £270,000 |
| 5 Analysis of |
total res | ources expe | nded | ||
|---|---|---|---|---|---|
| Total | Total | ||||
| Staff costs | Depreciation | Other | 2022 | 2021 | |
| £000 | £000 | £000 | £000 | £000 | |
| Expenditure on raising ftjnds: | |||||
| Trading expenditure | 105 | 105 | 14 | ||
| Generating voluntary income | 69 | 76 | 145 | 211 | |
| 69 | - | 181 | 250 | 225 | |
| Expenditure on school activities | |||||
| Teaching | 8,437 | 239 | 1,571 | 10,247 | 9.091 |
| Welfare | 3,768 | 117 | 1,700 | 5,585 | 5,117 |
| Premises | 727 | 1,018 | 2,121 | 3,866 | 3,536 |
| Support costs for schooling | 2,004 | 61 | 1,128 | 3,193 | 2,654 |
| 14,936 | 1,435 | 6,520 | 22,891 | 20,398 | |
| Governance Costs | - | - | 57 | 57 | 50 |
| Total expenditure | 15,005 | 1,435 | 6,758 | 23,198 | 20,673 |
| 2022 | 2021 | |
|---|---|---|
| £000 | £000 | |
| Audit | 48 | 42 |
| Other | 9 | 8 |
| 57 | 50 |
| 2022 | 2021 | |
|---|---|---|
| £‘DOO | £000 | |
| Interest payable and similarcharges | ||
| On bank overdraftand other borrowings | 13 |
| 9 Tangible asset |
s | ||||
|---|---|---|---|---|---|
| Freehold | Equipment | ||||
| land | & | Computer | Motor | ||
| & buildings | furnishings | equipment | Vehicles | Total | |
| £000 | £000 | £‘OOO | £000 | £000 | |
| (a) Consolidated | |||||
| Cost | |||||
| Mat 1 September2021 | 38,915 | 9,277 | 2,529 | 233 | 50,954 |
| Additions | 1,342 | 299 | 329 | 13 | 1,983 |
| Disposals | - | - | - | - | - |
| As at 31 August 2022 | 40,257 | 9,576 | 2,856 | 246 | 52,937 |
| Accumulateddepreciation | |||||
| As at 1 September 2021 | 10,648 | 8,475 | 2,022 | 177 | 21,322 |
| Charge for year | 995 | 210 | 208 | 22 | 1,435 |
| Disposals | - | - | - | - | - |
| As at 31 August 2022 | 11,643 | 8,685 | 2,230 | 199 | 22,757 |
| Net book value | |||||
| As at 31 August 2022 | 26614 | 891 | 628 | 47 | 30,180 |
| As at 31 August 2021 | 28,267 | 802 | 507 | 56 | 29,632 |
| Freehold | Equipment | |||||
|---|---|---|---|---|---|---|
| land | & | Computer | Motor | |||
| & buildings | furnishings | equipment | Vehicles | Total | ||
| £000 | £‘OOO | £000 | £‘OOO | £‘OOO | ||
| (b) School | ||||||
| Cost | ||||||
| As | at 1 September 2021 | 1,255 | 9,143 | 2,529 | 233 | 13,160 |
| Additions | 78 | 299 | 329 | 13 | 719 | |
| Disposals | - | - | - | |||
| - | ||||||
| As | at 31 August 2022 | 1333 | 9,442 | 2858 | 246 | 13,879 |
| Accumulated depreciation | ||||||
| As | at 1 September 2021 | 130 | 8,341 | 2022 | 177 | 10,670 |
| Charge foryear | 28 | 210 | 208 | 22 | 468 | |
| Disposals | - | - | - | - | ||
| - | ||||||
| As | at 31 August 2022 | 158 | 8,551 | 2230 | 199 | 11,138 |
| Net book value | ||||||
| As | at 31 August 2022 | 1,175 | 891 | 628 | 47 | 2,741 |
| As | at 31 August 2021 | 1,125 | 802 | 501 | 56 | 2,490 |
| 10 Investments (a) consolidated |
||||
|---|---|---|---|---|
| Restricted: | Expendable | |||
| Appeal | Endowment: | |||
| Fund | Bursary and | Designated: | ||
| Building projects |
scholarships Fund |
Advance fees |
Total | |
| LOGO | £000 | £‘OOO | £‘OOO | |
| As at 1 September 2021 | 10 | 1,502 | 1,024 | 2.536 |
| Additions | 513 | 513 | ||
| Disposals at opening market | ||||
| value/cost | (551) | (172) | (723) | |
| Revalualions | (16) | (16) | ||
| As at 31 August 2022 | 10 | 1,448 | 852 | 2,310 |
| UK Listed securities | - | 1,398 | 748 | 2,146 |
| Cash and short term deposits | 10 | 50 | 104 | 164 |
| 10 | 1,448 | 852 | 2,310 | |
| Historical cost | ||||
| As at 31 August 2022 | 10 | 1,156 | 852 | 2,018 |
| Asat3l August2021 | 10 | 1.153 | 1,024 | 2,187 |
| Movement on gains | ||||
| Unrealised gains at | ||||
| I September2021 | - | 349 | - | 349 |
| Less: Disposals in year | - | (41) | - | (41) |
| - | 308 | - | 306 | |
| Revaluations in year | - | (16) | - | (16) |
| As at 31 August2022 | - | 292 | - | 292 |
| The investments are included in the consolidated b | alance sheet as follows: | |
|---|---|---|
| 2022 | 2021 | |
| £000 | £000 | |
| Fixed asset investments | 2,146 | 2,207 |
| Currentassetinvestments | 164 | 329 |
| 2,310 | 2,536 |
(b) School |
|||
|---|---|---|---|
| Expendable | |||
| Endowment: | |||
| Bursary and | Designated: | ||
| scholarships | Advance | ||
| Fund | fees | Total | |
| £000 | £000 | E’G00 | |
| As at I September 2021 | 1502 | 1,024 | 2,526 |
| Additions | 513 | 513 | |
| Dispcs&s at opening market | |||
| value/cost | (551) | (172) | (723) |
| Revaluations | (16) | — | (16) |
| As at 31 August 2022 | 1,448 | 852 | 2,300 |
| UK Listed securities | 1.398 | 748 | 2,146 |
| Cash and short term deposits | 50 | 104 | 154 |
| 1,448 | 852 | 2,300 | |
| Historical cost | |||
| As at 31 August 2022 | 1.156 | 852 | 2,008 |
| As at 31 August 2021 | 1,153 | 1,024 | 2,177 |
| Movement on gains | |||
| Unrealised gains at | |||
| 1 September 2021 | 349 | - | 349 |
| Less: Disposals in year | (41) | - | (41) |
| 308 | - | 308 | |
| Revaluations in year | (16) | - | (16) |
| As at 31 August 2022 | 292 | - | 292 |
| The investments are included in the School balan | ce sheet as follows: | |
|---|---|---|
| 2022 | 2021 | |
| £‘OOO | £000 | |
| Fixed asset investments | 2,146 | 2,207 |
| Current asset investments | 154 | 319 |
| 2,300 | 2,526 |
| 11 S |
toc | ks | |||||
|---|---|---|---|---|---|---|---|
| Consolidated | School | ||||||
| 2022 | 2021 | 2022 | • | 2021 | |||
| £000 | £000 | £000 | £000 | ||||
| Stationery | and | consumables | 20 | 19 | 20 | 19 |
| There is no significant difference bet 12 Debtors |
ween the replacemen | t cost of sto | cks and the value sta | ted. |
|---|---|---|---|---|
| Consolidated | School | |||
| 2022 | 2021 | 2022 | 2021 | |
| £000 | £000 | £000 | £000 | |
| Fees | 2,416 | 3,553 | 2,416 | 3,553 |
| Sundry debtors and prepayments | 147 | 125 | 137 | 112 |
| Amounts due from sub&diary | ||||
| undertakings (see below) | 37,249 | 37,360 | ||
| 2,563 | 3,678 | 39,802 | 39159 | |
| Fees invoiced in advance are shown within creditors (note 13) and | amounts not received by the | |||
| balance sheet date shown above as | fee debtors. | |||
| Consolidated | School | |||
| Amounts due from subsidiary | 2022 | 2021 | 2022 | 2021 |
| undertakings: (see above) | £‘OOO | £000 | £000 | £000 |
| Due within one year | 35,363 | 35,494 | ||
| Loan due after more than one | ||||
| year | 1,866 | 1,866 | ||
| - | - | 37,249 | 37,360 |
| Consolidated | School | |||
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| E’OOC | £000 | £000 | £000 | |
| Bank loans and overdrafts | - | - | - | |
| - | ||||
| Trade creditors | 777 | 401 | 777 | 401 |
| Concessionary loans due to | ||||
| subsidiary undertakings | - | - | 11733 | 11087 |
| Taxation and social security | 329 | 289 | 311 | 288 |
| Other creditors and accruals | 907 | 479 | 425 | 454 |
| Refundable deposits | 180 | 173 | 180 | 173 |
| Fees invoiced in advance | 7,611 | 7,501 | 7,611 | 7(501 |
| 9,804 | 8,843 | 21,037 | 19,go4 | |
| Advance fees (note 15) | 228 | 175 | 228 | 175 |
| 10,032 | 9,018 | 21,265 | 20,079 |
| 14 | Final term depos | its more than on | e year | |||
|---|---|---|---|---|---|---|
| Consolidated | School | |||||
| 2022 | 2021 | 2022 | 2021 | |||
| £‘OOO | £000 | £000 | £000 | |||
| Due | between 1 and 2 years | 336 | 181 | 336 | 181 | |
| Due | in greater than 2 years | 839 | 921 | 839 | 921 | |
| 1,175 | 1,102 | 1,175 | 1,102 |
| , in the advance fees payment scheme, payments |
will be applied to offset fees as follows: | |
|---|---|---|
| 2022 | 2021 | |
| £000 | £000 | |
| Consolidated and School | ||
| After 5years | - | 48 |
| Within 2 to 5 years | 412 | 499 |
| Within ito 2 years | 228 | 181 |
| 640 | 728 | |
| Within 1 year (note 13) | 228 | 175 |
| 868 | 903 |
| £000 | |
|---|---|
| As at 1 September 2021 | 903 |
| New contracts | 138 |
| Amounts accrued to contracts | 2 |
| Withdrawal from fund | - |
| 1,043 | |
| Amounts utilised in payment of fees: | |
| To the School | (175) |
| As at 31 August 2022 | 868 |
| Tangible | |||||
|---|---|---|---|---|---|
| fixed | Net current | Long term | |||
| assets | Investments | liabilities | liabilities | Total | |
| £000 | £000 | £000 | £‘OOO | £000 | |
| Endowed funds | - | 1,448 | - | - | 1448 |
| Restricted funds | 1,592 | 10 | - | - | 1,602 |
| Unrestricted funds | 28,588 | 852 | (791) | (3,864) | 24,785 |
| 30,180 | 2,310 | (791) | (3,864) | 27,835 |
| Tangible | |||||
|---|---|---|---|---|---|
| fixed | Net current | Long term | |||
| assets | investments | assets | liabilities | Total | |
| £000 | £‘OOO | £000 | £000 | £‘OOO | |
| Endowed funds | - | 1A48 | - | - | 1,448 |
| Restricted funds | 787 | - | - | - | 787 |
| Unrestricted funds | 1,954 | 852 | 24,350 | (3,864) | 23,292 |
| 2741 | 2,300 | 24,350 | (3,884) | 25,527 |
| 17 Funds (a) Consolidated |
|||||||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| 1 | September | Incoming | Resources | Investment | 31 August | ||
| 2021 | resources | expended | Transfers | loss | 2022 | ||
| £000 | £000 | £000 | £000 | £000 | £‘OOO | ||
| Endowed funds (expendable) | |||||||
| Olive Willis Bursary and | |||||||
| Scholarships fund | 1,502 | 16 | (13) | (57) | 1,448 | ||
| 1,502 | 16 | (13) | (57) | 1,448 | |||
| Restricted funds | |||||||
| Appeal funds (building | |||||||
| projects) | 1,444 | - | (52) | (24) | - | 1,368 | |
| Foundation | 216 | 18 | - | - | - | 234 | |
| 1,660 | 18 | (52) | (24) | - | 1,602 | ||
| Unrestricted funds | |||||||
| Designatedfunds | |||||||
| Advance fees | 125 | 3 | (2) | - | - | 126 | |
| Non-charitable trading | |||||||
| Funds | - | 462 | (105) | (357) | - | - | |
| Other unrestricted funds | |||||||
| Retained income | 24,474 | 22,830 | (23,026) | 381 | - | 24,659 | |
| Total unrestricted funds | 24599 | 23,295 | (23,133) | 24 | - | 24,785 | |
| Total funds | 27,761 | 23,329 | (23,198) | - | (57) | 27,835 |
| 17 Funds |
||||||
|---|---|---|---|---|---|---|
| (1) School | ||||||
| Total ‘I | Total 31 | |||||
| September | Incoming | Resources | Investment | August | ||
| 2021 | resources | expended | Transfers | loss | 2022 | |
| £000 | £‘OOO | £000 | £‘OOO | £‘OOO | £‘OOO | |
| Endowed funds | ||||||
| Olive Willis Bursary and | ||||||
| Scholarships fund | 1,502 | 16 | (13) | - | (57) | 1,448 |
| 1,502 | 16 | (13) | - | (57) | 1,448 | |
| Restricted funds | ||||||
| Appeal fund (building | ||||||
| projects) | 811 | - | - | (24) | - | 787 |
| 811 | - | - | (24) | - | 767 | |
| Unrestrictedfunds | ||||||
| Designatedfunds | ||||||
| Advance fees | 125 | 3 | (2) | - | - | 126 |
| Other unrestricted | ||||||
| funds | ||||||
| Retained | ||||||
| income/(expense) | 22,131 | 22,830 | (22,104) | 309 | - | 23166 |
| Totalfunds | 24,569 | 22849 | (22,119) | 285 | (57) | 25,527 |
| At 31 August 2022 the School. and group, had total buildings undernon-cancellable operating leases as |
commitmentsfor items otherthan land an follows: |
d |
|---|---|---|
| 2022 | 2021 | |
| £‘aOO | £000 | |
| Consolidated | ||
| Less than one year | 41 | 27 |
| 1 to 5 years | 68 | 38 |
| Greater than 5 years | - | - |
| 109 | 65 | |
| School | ||
| Less than one year | 40 | 26 |
| lto5years | 68 | 38 |
| Greater than 5 years | - | - |
| 108 | 64 |
| £000 | |
|---|---|
| Provision as at 1 September 2021 | 549 |
| Deficit contributionmade | 37 |
| Increase in provision | (37) |
| Provision as at 31 August 2022 | 549 |
intra group adjustments. |
g | ppp |
|---|---|---|
| 2022 | 2021 | |
| Downe House Trust | £‘OOO | £000 |
| Total incoming resources | 646 | 647 |
| Total resources expended | (1,545) | (1302) |
| Net movement in funds | (899) | (655) |
| Total assets | 39,184 | 38,241 |
| Total liabilities | (37,313) | (35,471) |
| Total funds | 1,871 | 2,770 |
| 2022 | 2021 | |
|---|---|---|
| Downe House Foundation | £000 | £000 |
| Total incoming resources | 18 | 82 |
| Total resources expended | (3) | (5) |
| Net movement in funds | 15 | 77 |
| Total assets | 445 | 427 |
| Total liabilities | (8) | (5) |
| Total funds | 437 | 422 |
| 22 Reconciliation of net income to ne operating activities |
t cash inflowfrom | |
|---|---|---|
| 2022 | 2021 | |
| £‘OOD | £000 | |
| Net income before transfers | 74 | 514 |
| Depreciation charges | 1,435 | 1,384 |
| Gain on disposal offixed assets | (1) | |
| Losses/(gains) on investments | 57 | (188) |
| Interest payable | 13 | - |
| Investment income | (19) | (14) |
| Decrease/(Increase) in debtors | 1,115 | (384) |
| Increase in creditors | 1,014 | 554 |
| Net cash inflow from operating activities | 3,689 | 1,895 |
| 23 Cash flows from investing activ |
ities | |
|---|---|---|
| 2022 | 2021 | |
| £000 | £000 | |
| Investment income | 19 | 14 |
| Interest payable | (13) | - |
| Purchase oftangible lixed assets | (1,983) | (1,681) |
| Receipts from sale offixed assets | - | 6 |
| Purchase of investments | (513) | (1,091) |
| Receipts from sale of investments | 666 | 1,034 |
| Net cash {outflow)/inflow | (1,824) | (1698) |
| Cash at bank | ||
|---|---|---|
| and in hand | ||
| less overdraft | Total | |
| £000 | £000 | |
| Balance as | ||
| at 1 September 2021 | 3,793 | 3,793 |
| Cash flows | 2,865 | 2865 |
| Balance as at 31 August 2022 | 6,658 | 6,658 |
| 2022 | 2021 | ||
|---|---|---|---|
| . | £000 | £000 | |
| Increase in cash in the year | 2,865 | 697 | |
| Movement in net funds in year | 2,865 | 697 | |
| Net funds at the beginning ofthe | year | 3,793 | 3,096 |
| Net funds atthe end ofthe year | 6,658 | 3,793 |
| 28 Comparative State ended 31 August 2021 |
men | t of Financial | t of Financial | activitie | s for th | e year |
|---|---|---|---|---|---|---|
| Unrestricted funds | Restricted | Endowed | Total | |||
| Notes | School | Others | Funds | Funds | 2021 | |
| £000 | £‘OOO | £000 | £000 | £000 | ||
| INCOMING RESOURCES | ||||||
| Donations and legacies | 82 | 28 | 110 | |||
| Other trading activities: | ||||||
| Trading income | 40 | - | 40 | |||
| Premises hire | ||||||
| Income from investments | 14 | 14 | ||||
| Income from charitable activities: | ||||||
| School activities | 20,834 | - | 20834 | |||
| Other income: | ||||||
| Gain on disposal ci fixedassets | 1 | - | — | — | I | |
| Total Income and Endowments | 20,635 | 40 | 82 | 42 | 20,999 | |
| RESOURCES EXPENDED | ||||||
| Expenditure on raising funds: | ||||||
| Trading expenditure | 5 | - | 14 | - | - | 14 |
| Generating voluntary income | 5 | 211 | - | - | - | 211 |
| Expenditure on charitable activities | ||||||
| School activities | 5 | 19455 | 819 | 52 | 12 | 20,398 |
| Governance costs | 5 | 44 | 6 | - | - | 50 |
| Total expenditure | 19,710 | 899 | 52 | 12 | 20,673 | |
| NET INCOME /(EXPENSES) BEFORE | 1,125 | (859) | 30 | 30 | 328 | |
| (LOSSES) I GAINS ON INVESTMENTS | ||||||
| Net (losses)/gains on investments | - | - | - | 188 | 188 | |
| NETINCOME/(EXPENSES)BEFORE | 4 | 1,125 | (859) | 30 | 218 | 514 |
| TRANSFERS | ||||||
| Transfers between funds | 17 | (227) | 250 | (23) | - | |
| NET MOVEMENT IN FUNDS | 698 | (609) | 7 | 218 | 514 | |
| Total funds brought forward | 17 | 21,358 | 2,952 | 1,653 | 1284 | 27,247 |
| TOTAL FUNDS CARRIED FORWARD | 17 | 22,256 | 2,343 | 1660 | 1,502 | 27,781 |