2023-08-31-accounts

throu hout the	ea	r f	rom	1 Se tember 2022 t	o the dateof this	re	ortunless oth	erwise	sta
								1	2
M Bonar resi		ned 31/12/2022
John Clark
Michael Ha er
Mark Hewitt					Vice Chair ofGovernors
Janet Mitchell	Kitterid			e
An ela Odell					Chair	ofGovernors
Eric Pillin er
Daniel Zammit
Mark Ta lor
Rachel Jose h	resi		ned 27/03/2024
Robert Breakwell
Edward Williams
Vanessa Cham	ion-Smith
Simon Knee a		ointed		10/01/2023
Claire Dickson	a		ointed 09/01/2024
(1) Finance and General Purposes Committee					(3) Development		8cFundraising	Committee
(2) Education Committee					(4) Marketing	Committee

			Restricted	Unrestricted	Total	Total
			Funds	Funds	Funds	Funds
			2023	2023	2023	2022
	Notes
Income
Income from charitable	activities:
- School fees				10,514,391	]0,514,391	10,617,279
- Other classes and courses				615,834	615,834	605,646
Income from raising funds:
-Activities for raising	funds	5		175,624	175,624	167,237
-Voluntary income		6	185,361		185,361	2,613,751
-Investment income			37,873	112,595	150,468	936
Total income			223,234	11,418,444	11,641,678	14,004,849
Expenditure
Cost ofraising funds
Fundraising				27,407	27,407	33,361
Charitable activities
-Bursaries			20,231	861,400	881,631	985,257
- Education services		8	4,220	9,403,538	9,407,758	8,874,777
-Interest payable		10		432,798	432,798	239,804
Total expenditure		11	24,451	10,725,143	10,749,594	10,133,199
Net income			198,783	693,301	892,084	3,871,650
Transfer between funds Net movement in funds S tb2		1	198,783 693,301 892,084 2,797,82011,078,36513,876,185			3,871,650 1U,UU4,535
		21	2,996,603	11,771,666	14,768,269	13,876,185

As at 31August	202	3
					2023		Restated	2022
			Notes
Fixed assets
Tangible fixed assets			14			16,946,927		16,840,997
Current assets
Stock			15	26,967			26,967
Debtors			16	1,925,190			4,266,899
Cash and cash equivalents			17a	6,770,806			4,688,980
Current asset investments			17b	1,000,000
				9,722,963			8,982,846
Creditors: amounts	falling due
within one year							5 184969
Net current assets/(liabilities)						3,329,664		3,797,877
Total assets less current		liabilities				20,276,591		20,638,874
Creditors: amounts	falling due
after more than one	year		19			(5,508,322)		(6,762,689)
Net assets						14,768,269		13,876,185
Restricted funds
Other restricted funds				2,996,603			2,797,820
						2,996,603		2,797,820
Unrestricted funds
Fixed asset reserve			22	9,648,105			9,542,175
General				2 123 561			1,536,190
						11,771,666		11,078,365
Total funds			21			14,768,269		13,876,185

Statement ofCash Flows
For the year ended 31August 2023
	2023		Restated
			2022
CASH FLOWS FROM OPERATING
ACTIVITIES
Net income		892,084		3,871,650
Adjustments for:
Depreciation	299,639		251,669
(Profit)/loss on disposal offixed assets
Investment income	(150,468)		(936)
(Increase)/decrease in debtors	789,450		(2,528,586)
Increase/(decrease) in creditors	1,907,432		65,910
Interest on borrowing	134,921		12,652
		2,980,974		(2,199,291)
NET CASH INFLOW FROM		3,873,058		1,672,359
OPERATING ACTIVITIES
Purchase offixed assets	(405,569)		(517,568)
Deposit —current asset investments	(1,000,000)
Investment income	150,468		936
Sale offixed assets
CASH FLOWS USED IN INVESTING		(1,255,101)		(516,632)
ACTIVITIES
Repayments ofborrowing	(401,210)		(520,885)
Interest on borrowing	(134,921)		(12,652)
NET CASH (OUTFLOW)/INFLOW		(536,131)		(533,537)
FROM FINANCING ACTIVITIES
NET INCREASE / (DECREASE) IN		2,081,826		622,190
CASH
CASH AND CASH EQUIVALENTS AT		4,688,980		4,066,790
1SEPTEMBER
CASH AND CASH EQUIVALENTS AT		6,770,806		4,688,980
31 AUGUST

Income related to School fees rece	ived in the year is analysed a	s follows:
		2023	2022
Gross School fees		11,322,931	11,270,700
Subsidy for government funded	pupils	(552,771)	(352,587)
Scholarships and other awards		(255,769)	(300,834)
Net School fees		10,514,391	10,617,279
Total financial assistance awarded	to pupils by the school
Subsidy for government funded	pupils	552,771	352,587
Scholarships and other awards		255,769	300,834
Means tested bursaries		881,531	985,257
Total		1,690,071	1,638,678
Financial assistance as %ofgross fee		14.9%	14.5%
Contributions to net school fees:
		2023	2022
DfE —Music and Dance Scheme		1,349,351	1,353,170
DfE —Dance and Drama Awards		257,289	, 170,603
Net School fees		1,606,640	1,523,773

						2023	2022
	Associate classes					246,189	248,026
	Holiday	courses				229,080	220,446
	Registration					53,185	51,238
	Shows					73,708	' 70,189
	Other					13,672	15,747
						615,834	605,646
5.	Activities	for	raising funds
				2023	2023	2023	2022
				Restricted	Unrestricted	Total	Total
	Rental ofpremises				3,092	3,092	3,092
	Other				15,865	15,865	14,092
	Uniform	shop			2,328	2,328	1,634
	Fundraising		events
	Filming				154,339	154,339	148,419
					175,624	175,624	167,237
6.	Voluntary	income
				2023	2023	2023	2022
				Restricted	Unrestricted	Total	Total
	Trusts
	Legacy			169,988		169,988	2,599,975
	Other			15,373		15,373	13,776
				185,361		185,361	2,613,751

7.	Cost ofgenerating	Cost ofgenerating	funds
				2023	2023	2023	2022
				Restricted	Unrestricted	Total	Total
	Fundraising	costs			27,407	27,407	33,361
					27,407	27,407	33,361
8.	Costs ofactivities	in	furtherance	ofthe charity's objects:	education services
				Restricted	Unrestricted	Total	Total
				2023	2023	2023	2022
	Teaching			3,500	3,800,991	3,804,491	3,764,665
	Welfare				703,341	703,341	675,362
	Catering				949,070	949,070	849,475
	Premises				1,672,346	1,672,346	1,461,595
	Support			720	1,675,627	1,676,347	1,536,404
	Hire and Shows				238,451	238,451	246,628
	Donations				1,300	1,300	1,150
	Marketing —non				137,101	137,101	117,199
	fundraising
	Governance	costs (note 9)			225,311	225311	222 299
				4,220	9,403,538	9,407,758	8,874,777

overn	ance	costs
			2023	2022
Staff	costs		94,884	90,239
Audit	and	accountancy	45,697	23,970
Legal	and	professional	84,730	108,090
			225,311	222,299

						2023	2022
	On bank	term loan				55,050	28,731
	On bank	development	loan			377,748	211,073
						432,798	239,804
11.	Net income	and movement		in funds
						2023	2022
	Net income and movement in funds is stated after expending:
	Depreciation oftangible			fixed assets		299,639	251,669
	Hire ofother assets —operating				leases	29,618	33,611
	Auditor's	remuneration		—audit fee (current year)		25,320	15,500
	Auditor's	remuneration		—audit fee (prior year)		8,971
	Auditor's	remuneration		—other	services	6,006	8,470
	Auditor's	remuneration		—other	services (Eve Pettinger Trust)	5,400
	(Profit) /	loss on disposal		offixed assets		(280,876)

taff costs
		2023	2022
Wages and	salaries	4,811,201	4,716,301
Social security costs		485,547	452,701
Pensions		649,551	623,522
Termination	costs (statutory)	6,690	7,288
Termination	costs (non-statutory)	9,421	8,336
		5,962,410	5,808,148

2023	2022
Number	Number

	2023	2022
	Number	Number
Teaching	111	111
Welfare	26	28
Premises	33	35
Support	30	27
Fundraising
	200	201

				Fixtures,
			Freehold	Furniture and
			Properties	Equipment	Total
	Cost
	At 1 September 2022		14,866,532	4,027,114	18,893,646
	Additions			405,569	405,569
	Reclassification
	Disposals
	At 31August	2023	14,866,532	4,432,683	19,299,215
	Depreciation
	At 1 September 2022			2,052,649	2,052,649
	Charge for the period			299,639	299,639
	At 31August	2023		2,352,288	2,352,288
	Net BookValues
	At 1 September 2022		14,866,532	1,974,465	16,840,997
	At 31August	2023	14,866,532	2,080,395	16,946,927
15.	Stock
				2023	2022
	Consumable	stocks		26,967	26,967
16.	Debtors
				2023	Restated
					2022
	Trade debtors			1,783,446	1,566,091
	Other debtors			50,660	2,602,768
	Prepayments			91,084	98,040
				1,925,190	4,266,899

			2023	2022
Deposit accounts			3,124,268	340,733
Current account			3,643,957	4,347,211
Cash in hand			2,581	1,036
			6,770,806	4,688,980
17b.Current asset investments
			2023	2022
Current asset investment		—6 month deposit account	1,000,000
			1 000,000
18. Creditors: amounts	falling	due within one year
			2023	Restated
				2022
Bank term loans			1,389,288	536,133
Trade creditors			163,134	113,384
Taxation and social security			215,165	199,665
Deposits			506,825	506,070
Deferred fee income			3,768,315	3,466,876
Other creditors			58,381	74,180
Accruals			292,191	288,661
			6,393,299	5,184,969

					2023	Restated
						2022
	Invoiced in year for Autumn	2023			3,517,883	3,279,553
	Fees paid for future terms (beyond Autumn		2023)		250,432	187,323
					3,768,315	3,466,876
	Deferred income (fees in advance) movements			were as follows:
					2023	Restated
						2022
	Fees in advance brought forward				3,466,876	1,663,634
	Released in the year				(3,466,876)	(1,663,634)
	Invoiced in the year				3,768,315	3,466,876
	Fees in advance carried fonvard				3,768,315	3,466,876
19.	Creditors: amounts falling due	after more than	one year
	Bank loans and overdraft	—analysis ofdebt		maturity	2023	2022
	Amounts payable by instalments:
	Between one and two years				512,704	6,130,652
	Between two and five years				1,270,138	632,037
	In five years or more				3,725,480
					5,508,322	6,762,689

				2023	2022
Repayable	within	five	years	1,782,842	6,762,689
Not wholly	repayable		within five years	3,725,480
				5,508,322	6,762,689

	At start of	Cash flows	At end of
	year		year
Deposit accounts	340,733.	2,783,535	3,124,268
Current account	4,347,211	(703,254)	3,643,957
Cash in hand	1,036	1,545	2,581
Current asset investments		1,000,000	1,000,000
	4,688,980	3,081,826	7,770,806
Loans falling due within one year	(536,133)	(853,155)	(1,389,288)
Loans falling due after one year	(6,762,689)	1,254,367	(5,508,322)
Total	(2,609,842)	3,483,038	873,196

				Unrestricted Funds	Unrestricted Funds
			Restricted
			Funds	General	Fixed asset
			(see note 22)	reserve	reserve*	Total funds
As at	1 Sept 2022		2,797,820	1,536,190	9,542,175	]3,876,185
Surplus for the year			198,783	587,371	105,930	892,084
Transfer between		funds
At 31	Aug 2023		2,996,603	2,123,561	9,648,105	14,768,269

The net assets ofthe company	are attributable	as follows:
			Unrestricted	Funds
					Total	Total
	Restricted		General	Fixed asset	funds	funds
		funds	reserve	reserve	2023	2022
Fixed assets				16,946,927	16,946,927	16,840,997
Current assets		2,996,603	6,726,360		9,722,963	7,430,587
Current liabilities			(6,393,299)		(6,393,299)	(3,632,710)
Long term liabilities			1,790,500	(7,298,822)	(5,508,322)	(6,762,689)
At 31August		2,996,603	2,123,561	9,648,105	14,768,269	13,876,185

. Restricted Funds
			1Sep 22	Income	Expenditure	Transfers	31Aug 23
Department for Education			48,356		(720)		47,636
Tring Park School Bursary
Fund			76,812	8,747			85,559
Marden Drama Equipment			468				468
Paul Watson Bursary Fund			35,022	3,000	(1,752)		36,270
Eve Pettinger Fund			16,204		(3,139)		13,065
Eve Pettinger Award	Trust		2,599,975	169,988			2,769,963
Alexander Technique		Fund	9,513		(240)		9,273
Helen Wells Trip Fund			988				988
Restrictive Learning
Difficulties			1,000				1,000
Nurse Replacement	Fund		5,361	858			6,219
Mary Schon Bursary			411	375			786
Sports Committee			710	16			726
Building Fund			2,000	250			2,250
Errol Pickford Fund			1,000		(100)		. 900
Vandervell Fund				15,000	(15,000)
Gavin Oldham Fund				10,000	(3,500)		6,500
Stage for All Awards				15,000			15,000
Total restricted funds			2,797,820	223,234	(24,451)		2,996,603

			Other
			Restricted	Unrestricted	Total
			Funds	Funds	Funds
			2022	2022	2022
		Notes
Income
Income from charitable	activities:
- School fees				10,617,279	10,617,279
- Other classes and courses				605,646	605,646
-Covid-19 Grants
Income from raising funds:
-Activities for raising funds		5		167,237	167,237
-Voluntary income		6	2,613,751		2,613,751
- Investment income				936	936
Other income:
- Profit on sale offixed	assets
Total income			2,613,751	11,391,098	14,004,849
Expenditure
Cost ofraising funds
Fundraising				33,361	33,361
Charitable activities
-Bursaries			8,609	976,648	985,257
—Education services		8	187	8,874,590	8,874,777
- Interest payable		10		239,804	239,804
Total expenditure		11	8,796	10,124,403	10,133,199
Net income			2,604,955	1,266,695	3,871,650
Transfer between funds
Net movement in funds			2,604,955	1,266,695	3,871,650
Total funds brought forward at 1Se tember		20	192,865	9,811,670	10,004,535
Total funds carried forward at 31Au ust		20	2 797820 7	11078 365	13876 185 '7