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||||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|
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|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||||
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|||||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|
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||||||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|
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|||||||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|
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|||||||||||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|
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|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||||||||||
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|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|
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|||||||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|
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|2022||2021|
|---|---|---|
||E|6|
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|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)|
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