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2022-09-30-accounts

Page
Reference and administrative details 2-3
Report ofthe trustees 4-11
Statement
oftrustees'		 responsibilities 12
Auditor's
report		 13-16
Financial statements:
Statement
of financial		 activities 17
Balance sheet 18
Statement
of cash flows		 19
Notes to the financial statements 20 —31

Name Lorenden
School		 Lorenden
School
Company number 03093684
Charity number 1048805
Registered office Lorenden
Preparatory		 School
Painter's
Forstal
Faversham
Kent
ME13 OEN
Key management Mr R Mclntosh, Head teacher
Personnel Mr M Davis, Bursar and Clerk to the Governors
Bankers Barclays Bank PLC
9St Georges Street
Canterbury
Kent CT1 2JX
Solicitor Pothecary
Witham		 Weld
70St George's Square
London
SW1V 3RD
Auditor RSM UK Audit LLP
25 Farringdon Street
London
EC4A 4AB

For the 13month
period ended 30 Year to 31
September
2022		 August 2021
Notes E f
INCOME AND ENDOWMENTS FROM:
Grants and Donations 4,398 5,896
Charitable
activities:
School fees 1,536,071 1,253,066
Other educational
income		 9,976 3,991
Other Income 1,730 17,109
Other trading activities:
Lettings 50
TOTAL 1,552,225 1,280,062
EXPENDITURE ON:
Charitable
activities		 6 (1,437,015) (1,176,984)
Loss on sale 18 (1,134,300)
TOTAL (2,571,315) (1,176,984)
NET MOVEMENT
IN		 FUNDS (1,019,090) 103,078
RECONCILIATION
OF FUNDS:
Total funds brought forward 1,019,090 916,012
TOTAL FUNDS CARRIED FORWARD 16 1,019,090

31August
2022 2021
Notes E
FIXEDASSETS:
Tangible assets 10 1,317,928
CURRENT ASSETS:
Stocks 2,975
Debtors 6,638
Cash at bank and in hand 236,314
245,927
LIABILITIES:
Creditors: Amounts falling due within one year 12 (260,812)
NET CURRENT LIABILITIES (14,886)
TOTAL ASSETS LESS CURRENT LIABILITIES 1,303,043
Creditors: Amounts falling due after more than one year 13 (283,952)
NET ASSETS 1,019,090
THE FUNDS OF THE CHARITY:
Unrestricted
funds:
Property fund 493,335
General fund 525,755
TOTAL CHARITY FUNDS 1,019,090

Forthe 13
month period
ended 30
September
2022 2021
E
CASH FLOW FROM OPERATING ACTIVITIES:
Net income from the reporting period (as per statement of financial
activities) (1,019,090) 103,078
Adjustments
for:
Depreciation
charges		 55,757 49,446
Disposal of Fixed Assets 1,383,912
Interest
payable		 8,784 8,812
(Increase)/Decrease
in stocks		 2,975
(Increase)/Decrease
in debtors		 6,638 20,169
(Decrease)/Increase
in creditors		 (223,578) 64,731
NET CASH PROVIDED BYOPERATING ACTIVITIES 215,397 246,235
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property,
plant and		 equipment (121,740) (55,285)
NET CASH USED IN OPERATING ACTIVITIES (121,740) (55,285)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments
of borrowings		 (321,187) (85,652)
Interest
payable		 (8,784) (8,812)
NET CASH USED IN FINANCING ACTIVITIES (329,971) (94,464)
CHANGE
IN CASH AND CASH EQUIVALENTS		 IN THE REPORTING PERIOD (236,314) 96,486
Cash and cash equivalents
at the beginning		 ofthe reporting period 236,314 139,829
CASH AND CASH EQUIVALENTS AT THE END OF THE REPORTING PERIOD 236,315
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at bank and in hand 236,314

Forthe 13
month
period
ended 30
September
3 School fees 2022 2021
f
Gross school fees chargeable 1,561,776 1,326,086
Less: Bursaries awarded to pupils (7,901)
Scholarships (13,192) (24,868)
Staff, sibling and other discounts and allowances (4,612) (48,152)
1,536,071 1,253,066
Forthe 13
month period
ended 30
September
4 Other educational
income		 2022 2021
f
Fees charged for optional subjects and pupils' extras 6,141 3,991
Other ancillary income 3,835
9,976 3,991
5 Other Income 2022 2021
f f
Local Authority Contain Outbreak Management Fund grant 1,730
Coronavirus
Job Retention		 Scheme grant 17,109
6 Analysis ofexpenditure
Forthe 13
month period
ended 30
September
2022 2021
Staff costs Depreciation Other Total Total
f f f f f
Charitable activities:
Teaching costs 825,199 79,240 904,439 762,312
Welfare costs 45,944 94,410 140,354 104,794
Premises costs 77,088 20,121 92,213 189,421 158,596
Support costs 72,321 35,636 36,689 144,646 115,368
Governance
costs		 43,645 43,645 20,258
Charitable publicity costs 5,976 5,976 5,376
Finance costs 8,534 8,534 10,281
1,020,552 55,757 360,706 1,437,015 1,176,984
7 Governance
costs		 2022 2021
f f
MISTfees 9,804 12,960
Auditor's remuneration 4,316 7,178
Other costs 29,525 120
43,645 20,258

8 Net income Net income
For the 13month
period ended 30
September 2022 2021
E E
Net income for the period is stated after charging:
Amounts payable under operating leases 640
Depreciation on tangible fixed assets 55,757 49,446
interest payable on loans 8,784 8,812
Auditor's remuneration:
Audit of the financial statements 4,316 7,178
Forthe 13month
period ended 30
9 Staff costs September 2022 2021
E E
The aggregate staff costs during the period comprised:
Wages and salaries 773,122 735,462
Social security costs 122,066 59,221
Pension costs 125,364 116,364
Termination payments
1,020,552 911,047
Forthe 13month
period ended 30
September 2022 2021
No. No.
The average number ofemployees during the period composed:
Teaching staff 28 32
Other staff 12 9
40 41
Forthe 13month
period ended 30
September 2022 2021
No. No.
The average number of employees during the period on the full
time equivalent basis comprised:
Teaching staff 17 17
Other staff 7 6
24 23
No ofemployees across the school Group in bonds shown:
E60,001 —E70,000

10 Tangible assets Land and Fixtures and Vehicles Total
buildings equipment
E E
Cost:
As at 1September 2021 1,135,686 826,538 48,961 2,011,185
Additions 121,740 121,740
Disposals (1,135,686) (948,278) (48,961) (2,132,926)
As at 30September 2022
Depreciation:
As at 1September 2021 321,165 331,385 40,707 693,257
Charged for the period 20,121 33,222 2,413 55,757
Eliminated
on disposals		 (341,286) (364,607) (43,120) (749,014)
As at 30September 2022
Net book value:
As at 30September 2022
As at 31August 2021 814,521 495,153 8,254 1,317,928
11 Debtors 2022 2021
E E
Amounts
falling due within one year:
Fee debtors
Other debtors
Prepayments
&accrued income		 6,638
6,638
12 Creditors: Amounts falling due within one year 2022 2021
E 6
Trade Creditors 4,179
Deposits 5,000
Prepaid fees (note 14) 108,340
Loans(note 15) 64,235
Taxation and social security costs 14,704
Other creditors 11,830
Accruals 24,006
Amounts
owed to group undertakings		 28,517
260,812

Due within Due within Due within Due after 2022 2021
1to 2years 2to 5years 5years Total Total
E E E E E
Deposits 27,000
Loans (note 15) 256,952
283,952
14 Deferred income
Prepaid fees
Parents pay for fees in advance for pupils. Movements
dunng the period were as follows:
2022 2021
E E
Balance brought forward
at 1September		 108,340 74,072
Amounts received during the penod 108,340
Amounts recognised as income dunng the period (108,340) (74,072)
Balance carried forward at 30September 108,340

The funds of The funds of the charity Balance at Balance at
1September 30September
2021 Income Expenditure Transfer Transfer to MIST 2022
E E E
Unrestricted funds:
Property fund 493,335 65,528 (558,863)
General fund 525,755 1,552,225 (1,437,015) (65,528) (575,437)
1,019,090 1,552,225 (1,437,015) (1,134,300)
Balance at Balance at
1September 31August
2020 Income Expenditure Transfer Transfer to MIST 2021
E E E E
Unrestricted funds:
Property fund 427,807 65,528 493,335
General fund 488,205 1,280,062 (1,176,984) (65,528) 525,755
916,012 1,280,062 (1,176,984) 1,019,090

2022 2021
E 6

assets and liabiliti es of Lorenden
School at the date of		 disposal were:
6
Fixed Assets (1,383,914)
Debtors (44,896)
Cash at bank and in hand (423,944)
Creditors 461,505
Loan 256,950
Loss on Transfer (1,134,300)