## ## |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| ## ##