2022-08-31-accounts

	Page
Reference and Administrative Details
Trustees' Report
Report ofthe Independent Auditors
Statement ofFinancial Activities	14
Balance Sheet	15
Cash Flow Statement	16
Notes to the Cash Flow Statement	17
Notes to the Financial Statements	18
Detailed Statement of Financial Activities	37

Trustees			Mr N D Crane Company	Mr N D Crane Company	Partner
			Mr P l Haslam Marine Management
			Dr S Bottomley
			Mr R H Chalk
			Mrs S L Ratchford
			Mrs E 1Saunders
Registered	office		2 Cromer Road
			Hunstanton
			Norfolk
			PE36 6HW
Registered	company	number	02736338(England	and	Wales)
Registered	charity number		1018815
Auditors			Stephenson Smart	(East Anglia) Limited
			Chartered accountants		&statutory	auditor
			22-26 King Street
			King's Lynn
			Norfolk
			PE30 1HJ

						31.8.22	31.8.21
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes	E	E	E	E
Income and endowments		from
Donations and legacies				4,192	10,000	14,192	37,100
Charitable activities
Sale ofgoods/services	as	part ofdirect
charitable activities				1,920,907	34,549	1,955,456	1,656,920
Other trading activities				35,067		35,067	22,903
Other income				27,576		27,576	112,025
Total				1,987,742	44,549	2,032,291	1,828,948
Expenditure on
Raising funds			7	1,566,854	50,577	1,617,431	1,310,441
Charitable activities
Sale ofgoods/services	as	part ofdirect
charitable activities				317		317
Support Costs				459,030		459,030	382,446
Other				222,220	3,600	225,820	147,772
Total				2,248,421	54,177	2,302,598	1,840,659
NET INCOME/(EXPENDITURE)				(260,679)	(9,628)	(270,307)	(11,711)
Reconciliation offunds
Total funds brought	forward			28,426	337,409	365,835	377,546
Total funds carried forward				(232,253)	327,781	95,528	365,835

					31.8.22	31.8.21
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	E	E	E	E
Fixed assets
Tangible assets		15	1,293,569	292,584	1,586,153	1,619,994
Current assets
Stocks		16	900		900	900
Debtors		17	131,629		131,629	224,660
Prepayments	and accrued income		17,706		17,706	79,033
Cash at bank	and in hand		123,055	35,197	158,252	235,850
			273,290	35,197	308,487	540,443
Creditors
Amounts falling due within one year		18	(347,780)		(347,780)	(313,445)
Net current	assets		(74,490)	35,197	(39,293)	226,998
Total assets	less current liabilities		1,219,079	327,781	1,546,860	1,846,992
Creditors
Amounts falling due after more than one year		19	(859,158)		(859,158)	(933,801)
Accruals and	deferred income	22	(592,174)		(592,174)	(547,356)
NET ASSETS			(232,253)	327,781	95,528	365,835
Funds		23
Unrestricted	funds				(232,253)	28,426
Restricted funds					327,781	337,409
Total funds					95,528	365,835

				31.8.22	31.8.21
			Notes	6	6
Cash flows from operating		activities
Cash generated from operations				120,561	174,779
Interest paid				(28,484)	(27,544)
Finance costs paid				(15,647)	(15,173)
Interest paid in financing	activities			37,423	37,178
Net cash provided by operating activities				113,853	169,240
Cash flows from investing		activithte
Purchase oftangible fixed		assets		(5,498)	(48,373)
Sale oftangible fixed assets					444
Net cash used in investing		activities		(5,498)	(47,929)
Cash flows from financing		activit(es
Repayments of borrowings				(75,032)	(53,636)
Interest paid				(37,423)	(37,178)
Net cash used in financing		activitieS		(112,455)	(90,814)
Change in cash and cash	equivalents		in the
reporting period				(4,100)	30,497
Cash and cash equivalents		at the beginning
ofthe reporting period				162,352	131,855
Cash and cash equivalents		at the end	of
the reporting period				158,252	162,352

1.	Reconciliation of	net expenditure	net expenditure	net expenditure	net expenditure	to net cash flow from operating	to net cash flow from operating	activities
									31.8.22	31.8.21
									6	6
	Net expenditure	for		the	reporting	period (as per	the Statement of
	Financial Activities)								(270,307)	(11,711)
	Adjustments for:
	Depreciation charges								39,338	40,012
	Interest paid								28,484	27,544
	Finance costs								15,647	15,173
	Decrease in debtors								154,358	10,868
	Increase in creditors								153,041	92,893
	Net cash provided		by operations						120,561	174,779
	Analysis ofcash and			cash equivalents
									31.8.22	31.8.21
									6	6
	Cash in hand								332	842
	Notice deposits (less			than 3 months)					157,920	235,008
	Overdrafts included			in bank loans		and overdrafts	falling due within	one year		(73,498)
	Total cash and cash		equivalents						158,252	162,352
3.	Analysis ofchanges			in net debt
							At 1.9.21		Cash flow	At 31.8.22
								6	6	6
	Net cash
	Cash at bank and	in	hand					235,850	(77,598)	158,252
	Bank overdraft							(73,498)	73,498
								162,352	(4,100)	158,252
	Debt
	Debts falling due	within			1year			(75,795)	6,198	(69,597)
	Debts falling due	after 1			year			(909,228)	68,834	(840,394)
								(985,023)	75,032	(909,991)
	Total							(822,671)	70,932	(751,739)

3.	Donations	and legacies	and legacies
									31.8.22	31.8.21
									E	E
	Donations	to the Trust							4,192	27,100
	Earl &Stuart Charitable			Trust					10,000	10,000
									14,192	37,100
4.	Other trading activities
									31.8.22	31.8.21
									E	E
	Fundraising		events						816	3,770
	Letting and		licensing						34,251	19,133
									35,067	22,903
5	Income from charitable				activities
									31.8.22	31.8.21
						Activity			E	E
						Sale ofgoods/services		as part ofdirect
	Pre-prep	school fees				charitable	activities		322,583	205,238
						Sale ofgoods/services		as part ofdirect
	Prep school		fees			charitable	activities		713,952	585,448
						Sale ofgoods/services		as part of direct
	Nursery fees					charitable	activities		386,796	330,978
						Sale ofgoods/services		as part ofdirect
	Boarding					charitable	activities		34,127	23,773
						Sale ofgoods/services		as part ofdirect
	Payments	from governments				charitable	activities		468,969	494,642
						Sale ofgoods/services		as part ofdirect
	Ancillary	trades				charitable	activities		29,029	16,841
									1,955,456	1,656,920
	Grants received, included				in	the above, are as follows:
									31.8.22	31.8.21
									E	E
	NCC								468,969	15,900

				31.8.22	31.8.21
				E	E
Government		grant	income	27,576	107,025
Insurance	claim				5,000
				27,576	112,025

Other trading	activ	iti	es
				31.8.22	31.8.21
				E	E
Staff costs				1,253,868	1,133,988
Hire of plant and machinery				1,056
Commission				1,205
Bad debts				30,660	8,052
School curriculum		&	trip costs	53,619	38,304
Staff training	and recruitment			5,590	4,646
Rent				17,334	15,150
Rates and water				20,978	17,820
Light and heat				193,783	52,469
Depreciation				39,338	40,012
				1,617,431	1,310,441
Charitable activities			costs
					Support
					costs (see
					note 9)
					E
Sale ofgoods/services			as part ofdirect
charitable activities					317
Support Costs					459,030
					459,347

Support costs
			Governance
		Management	costs	Totals
		E	E	E
Sale ofgoods/services as part ofdirect
charitable activities		317		317
Support Costs		428,484	30,546	459,030
		428,801	30,546	459,347
Net income/(expenditure)
Net income/(expenditure)	is stated after charging/(crediting):
			31.8.22	31.8.21
			E	E
Depreciation -owned assets			39,339	40,012
Hire of plant and machinery			1,056
Bank interest payable and	other charges		44,131	42,217
Auditors' remuneration
			31.8.22	31.8.21
			E	E
Fees payable for the audit	ofthe financial statements		7,000	5,200
Fees payable to the charity's auditor and its associates for other services:
Other non-audit services			3,771	8,966
Fees payable in respect of	the charity's	pension scheme:
Audit ofthe pension scheme			990	798

Staff costs
			31.8.22	31.8.21
			E	E
Wages and salaries			1,405,979	1,224,748
Social security costs			83,478	69,883
Other pension costs			94,502	83,322
			1,583,959	1,377,953
The average monthly	number of employees	during the year was as follows:
			31.8.22	31.8.21
Teaching and support	staff		21	21
Nursery			47	45
Domestic			8	7
Grounds			5	3
Office and administration			5	5
			86	81

		31.8.22	31.8.21
E60,001	—E70,000	1

Comparatives	for the statement	for the statement	for the statement	offinancial activities
					Unrestricted	Restricted	Total
					fund	funds	funds
					E	E	E
Income and endowments			from
Donations and	legacies				27,100	10,000	37,100
Charitable activities
Sale ofgoods/services		as	part of	direct
charitable activities					1,614,798	42,122	1,656,920
Other trading	activities				22,903		22,903
Other income					112,025		112,025
Total					1,776,826	52,122	1,828,948

14.	Comparatives for th	e statement offinancial a	ctivities - continued
			Unrestricted	Restricted	Total
			fund	funds	funds
			E	E	E
	Raising funds		1,248,966	61,475	1,310,441
	Charitable activities
	Support Costs		382,446		382,446
	Other		147,772		147,772
	Total		1,779,184	61,475	1,840,659
	NET INCOME/(EXPENDITURE)		(2,358)	(9,353)	(11,711)
	Transfers between	funds	134,648	(134,648)
	Net movement in funds		132,290	(144,001)	(11,711)
	Reconciliation offunds
	Total funds brought	forward	(103,864)	481,410	377,546
	Total funds carried	forward	28,426	337,409	365,835
15.	Tangible fixed assets
			Freehold	Long	Plant and
			property	leasehold	machinery
			E	E	E
	Cost
	At 1September 2021		1,714,708	90,829	118,323
	Additions		500		1,314
	At 31August 2022		1,715,208	90,829	119,637
	Depreciation
	At 1September 2021		128,788	90,829	99,436
	Charge for year		31,925		2,976
	At 31August 2022		160,713	90,829	102,412
	Net book value
	At 31August 2022		1,554,495		17,225
	At 31August 2021		1,585,920		18,887

Tangible fixed assets - continued
	Fixtures
	and	Motor
	fittings	vehicles	Totals
	E	E	E
Cost
At 1September 2021	25,914	22,093	1,971,867
Additions	3,684		5,498
At 31August 2022	29,598	22,093	1,977,365
Depreciation
At 1September 2021	12,596	20,224	351,873
Charge for year	3,971	467	39,339
At 31August 2022	16,567	20,691	391,212
Net book value
At 31August 2022	13,031	1,402	1,586,153
At 31August 2021	13,318	1,869	1,619,994

Stocks
			31.8.22	31.8.21
			E	E
Finished goods			900	900
Debtors: amounts	falling due within one year
			31.8.22	31.8.21
			E	E
Trade debtors			215,632	293,547
Provision for doubtful		debts	(85,953)	(70,837)
Other debtors			1,950	1,950
			131,629	224,660

Creditors: amounts	falling	due within one year
			31.8.22	31.8.21
			E	E
Bank loans and overdrafts		(see note 20)	39,944	120,635
Other loans (see note 20)			29,653	28,658
Payments on account			28,487	15,257
Trade creditors			73,759	27,073
Social security and	other taxes		108,026	36,973
Pension creditor			39,269	10,612
Other creditors			9,112	28,359
Accrued expenses			19,530	45,878
			347,780	313,445

Credi	tors: amounts falling due after more than one ye	ar
		31.8.22	31.8.21
		E	E
Bank	loans (see note 20)	477,740	516,922
Other	loans (see note 20)	362,654	392,306
Other	creditors	18,764	24,573
		859,158	933,801

An analy	sis ofthe	ma	turity of loans is given below:
				31.8.22	31.8.21
				E	E
Amounts	falling due within one year on demand:
Bank overdrafts					73,498
Bankloans				39,944	47,137
Trustee	loan due	&1	year	14,218	13,716
Norwich	Diocese	due	&1year	15,435	14,942
				69,597	149,293
Amounts	falling due between two and five years:
- mortgage				184,961	203,892
Trustee	loan due	2-5	years	62,268	60,070
Norwich	Diocese	due	2 5years	67,003	64,863
				314,232	328,825
Amounts	falling due in more than five years:
Repayable by instalments:
Bank loans more		5 yr by instal		292,779	313,030
Trustee	loan due	&5	years	215,228	231,644
Norwich	Diocese	due	&5years	18,155	35,729
				526,162	580,403

		31.8.22	31.8.21
		E	E
	Within one year	4,948	5,740
	Between one and five years	16,301	18,998
	In more than five years	9,000	11,250
		30,249	35,988
22.	Accruals and deferred income
		31.8.22	31.8.21
		E	E
	Deferred income b/fwd	547,356	297,622
	income	(547,356)	(682,313)
	year	592,174	932,047
		592,174	547,356

Movem	ent	in funds
				Net
				movement
			At 1.9.21	in funds	At31.8.22
			E	E	E
Unrestricted funds
General	Funds		28,426	(260,679)	(232,253)
Restricted		funds
Restricted		Fixed Assets	299,405	(6,820)	292,585
Restricted		Funds	38,004	(2,808)	35,196
			337,409	(9,628)	327,781
TOTAL	FUNDS		365,835	(270,307)	95,528

		Incoming	Resources	Movement
		resources	expended	in funds
		E	E	E
Unrestricted funds
General Funds		1,987,742	(2,248,421)	(260,679)
Restricted	funds
Restricted	Fixed Assets		(6,820)	(6,820)
Restricted	Funds	44,549	(47,357)	(2,808)
		44,549	(54,177)	(9,628)
TOTAL FUNDS		2,032,291	(2,302,598)	(270,307)

				Net	Transfers
				movement	between
			At 1.9.20	in funds	funds	At 31.8.21
			E	E	E	E
Unrestricted		funds
General Funds			(103,864)	(2,358)	134,648	28,426
Restricted	funds
Restricted	Fixed Assets		444,238	(10,184)		434,054
Restricted	Funds		37,172	831	(134,648)	(96,645)
			481,410	(9,353)	(134,648)	337,409
TOTALFUNDS			377,546	(11,711)		365,835

		Incoming	Resources	Movement
		resources	expended	in funds
		E	E	E
Unrestricted funds
General Funds		1,776,826	(1,779,184)	(2,358)
Restricted	funds
Restricted	Fixed Assets		(10,184)	(10,184)
Restricted	Funds	52,122	(51,291)	831
		52,122	(61,475)	(9,353)
TOTAL FUNDS		1,828,948	(1,840,659)	(11,711)

				Net	Transfers
				movement	between
			At 1.9.20	in funds	funds	At31.8.22
			E	E	E	E
Unrestricted funds
General	Funds		(103,864)	(263,037)	134,648	(232,253)
Restricted		funds
Restricted		Fixed Assets	444,238	(17,004)		427,234
Restricted		Funds	37,172	(1,977)	(134,648)	(99,453)
			481,410	(18,981)	(134,648)	327,781
TOTAL	FUNDS		377,546	(282,018)		95,528

		Incoming	Resources	Movement
		resources	expended	in funds
		E	E	E
Unrestricted funds
General Funds		3,764,568	(4,027,605)	(263,037)
Restricted	funds
Restricted	Fixed Assets		(17,004)	(17,004)
Restricted	Funds	96,671	(98,648)	(1,977)
		96,671	(115,652)	(18,981)
TOTAL FUNDS		3,861,239	(4,143,257)	(282,018)

The carry	ing amount for each	category of	financial i	nstrument is	as follows:
						31.8.22	31.8.21
						E	E
Financial	assets that are debt	instruments	measured	at amortised	cost	289,057	536,863
Financial	liabilities measured	at amortised	cost			1,604,562	1,742,372

			31.8.22	31.8.21
			E	E
Income and endowments
Donations and legacies
Donations to the Trust			4,192	27,100
Earl &Stuart Charitable		Trust	10,000	10,000
			14,192	37,100
Other trading activities
Fundraising events			816	3,770
Letting and licensing			34,251	19,133
			35,067	22,903
Charitable activities
Pre-prep school fees			322,583	205,238
Prep school fees			713,952	585,448
Nursery fees			386,796	330,978
Boarding			34,127	23,773
Payments from governments			468,969	494,642
Ancillary trades			29,029	16,841
			1,955,456	1,656,920
Other income
Government grant	income		27,576	107,025
Insurance claim				5,000
			27,576	112,025
Total incoming resources			2,032,291	1,828,948
Expenditure
Other trading activities
Wages			1,093,761	993,651
Social security			69,227	59,477
Pensions			90,880	80,860
Hire of plant and machinery			1,056
Commission			1,205
Bad debts			30,660	8,052
School curriculum	& trip	costs	53,619	38,304
Carried forward			1,340,408	1,180,344

			31.8.22	31.8.21
			6	6
Other trading	activities
Brought forward			1,340,408	1,180,344
Staff training and recruitment			5,590	4,646
Rent			17,334	15,150
Rates and water			20,978	17,820
Light and heat			193,783	52,469
Freehold property			31,924	39,204
Plant and machinery			2,976	732
Fixtures and fittings			3,971	76
Motor vehicles			467
			1,617,431	1,310,441
Other
Insurance			21,223	19,589
Other establishment		costs	111,746	63,999
Motor vehicle	expenses		17,767	13,013
Housekeeping	and provisions		75,084	51,171
			225,820	147,772
Support costs
Management
Wages			312,218	231,097
Social security			14,251	10,406
Pensions			3,622	2,462
Telephone			8,689	8,541
Office expenses			14,318	19,617
Staff training	and recruitment		5,239	2,299
Marketing			3,418	6,759
Computer expenses			10,564	5,953
fees			12,351	8,795
Bank interest			28,484	27,544
Trustee loan	interest		15,647	15,173
			428,801	338,646
Governance	costs
Auditors' remuneration			7,000	5,200
Accountancy	fees		4,761	10,562
Legal fees			14,977	21,783
Other costs			3,808	6,255
			30,546	43,800
Total resources expended			2,302,598	1,840,659
Net expenditure			(270,307)	(11,711)