2023-08-31-accounts - Manor Lodge School

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CONTENTS		PAGE
Annual Report of the Governors the Strategic Report	including	1-11
Report of the Independent Auditors		12- 15
Statement of Financial Activities		16
Balance Sheet		17
Statement ofcash flows		18
Notes to the Financial Statements		19-31

Governors
The Governors ofthe School, who are also Directors of the	Charity and the	Charity trustees,	during
the year were; Mr D Arnold MBE¹+ (Chairman) Dr T D Lee + (Vice Chairman) Mr G Black¹ Mrs SCoventry Mr A Devani ¹ + Mrs E Eve-Raw * Co-opted 17November 2023 Appointed 21 March 2024	Ms M Jones Mr J Segal ¹+ Mrs LSelby¹ Mr W Thorp¹ Mr S Wilson $ Mr A Williams *	Resigned 21 March 2024 Resigned 17 November 2023
Mrs H Gunasekera *+ Resigned 22 June 2023
*Member of the Education Committee ¹Member of Finance and General Purposes Committee
+Member ofthe Governance and Nominations Committee
@Health and Safety Governor
$ Safeguarding Governor

@Health and Safety Govern $ Safeguarding Governor	@Health and Safety Govern $ Safeguarding Governor	or
Ke Executives 8 Professional		Advisors
Head Teacher		Mrs A Lobo BEd Hons
Deputy Heads		MrS Cavana h BA Hons PGCE Mrs C Edwards BA Hons QTS Resi ned 5Januar 2023
		MsFAnwarBA Hons QTS A ointed3A ril2023
		Mrs G Wilkins BA Hons PGCEQTS A ointed1 Se tember2023
Bursar, Company Secretary 8, Clerk to the Governors Clerk to the Governors		Mrs J Smithson BA Hons (Dunelm) FCA Resigned as Clerk to the Governors 21 September 2023 Mr R Williams A ointed 21 Se tember 2023
Bankers		Barclays Bank pic, 22-24 Upper Marlborough	Road, St Albans,		ALl
		3AL
Solicitors		Pro en Law 8,Tax Limited, 1ATower S uare,	Leeds, LSI 4DL
Auditors		Balfour Sanson, Statutory Auditors, Chartered	Accountants,
		17Bourne Court, Southend Road, Woodford	Green, Essex IG8 8HD
Insurance	Broker	Aon UK Limited, 8 Devonshire S uare, London	EC2N 4PL
Investment	Managers	Rathbone Investment Management Limited, 8 Finsbury		Circus,
		London EC2M 7AZ

		Total	Total
		(Unrestricted)	(Unrestricted)
	Notes	2023	2022
INCOME FROM:
Charitable activities Other trading activities Investments Voluntary sources		6,237,457 76,038 92,862 5,696	5,840,241 24,690 12,316 48,662
Total income		6,412,053	5,925,909
EXPENDITURE ON:
Charitable Expenditure Raising funds Charitable activities		23,850 5,764,427	6,462 5,238,667
Total expenditure		5,788,277	5,245,129
NET LOSSES ON INVESTMENTS	13	(14,559)	(33,325)
NET INCOME AND NET		609,217	647,455
MOVEMENT
IN FUNDS
RECONCILIATION OF FUNDS: TOTAL FUNDS BROUGHT		9 181 690	8,534,235
FORWARD
TOTAL FUNDS CARRIED		9,790,907	9,181,690
FORWARD

					2023		2022
			Notes
FIXED ASSETS Tangible Assets Investments			12 13		11,487,907 393,719		11,239,823 346,011
					11,881,626		11,585,834
CURRENT ASSETS Debtors Cash at Bank and in		hand	14	202,077 1,958,309		138,310 1,605,143
				2,160,386		1,743,453
CURRENT LIABILITIES
Creditors: Amounts within one year	falling due		15	1,725,034		1,399,107
NET CURRENT ASSETS					435,352		344,346
TOTAL ASSETS LESS CURRENT LIABILITIES					12,316,978		11,930,180
CREDITORS: Amounts after more than one		falling due year	15		2,526,071		2,748,490
TOTAL NET ASSETS					9,790,907		9,181,690
CHARITY FUNDS
Unrestricted funds					9,790,907		9,181,690

				2023	2022
			Note		E
Cash flow from operating activities			17	1,457,688	1,480,720
Interest paid				(103,012)	(102,338)
Net cash flow from operating		activities		1,354,676	1,378,382
Cash flow from investing activifies
Payments to acquire tangible fixed assets Purchase of fixed asset investments				(824,198) (52,500)	(735,590) (30,000)
Interest received				85,314	5,892
Dividends received				7,548	6,424
Net cash flow from investing		activities		(783,836)	(753,274)
Cash flow from financing activities
Net (decrease) in loans				(249,174)	(251,753)
Increase / (decrease) in deposits held				31,500	(7,000)
Net cash flow from financing		activities		(217,674)	(258,753)
Net increase in cash and cash equivalents				353,166	366,355
Cash and cash equivalents	at 1 September			1,605,143	1,238,788
2022
Cash and cash equivalents		at 31 August 2023		1,958,309	1,605,143
Cash and cash equivalents		consists of:
Cash at bank and in hand				1,958,309	1,605,143
				1,958,309	1,605,143

2.	INCOME FROM CHARITABLE ACTIVITIES	2023	2022
		E
	School fees receivable Gross fees Less: Discounts, scholarships and bursaries	5,850,660 (148,790)	5,537,355 (161,156)
		5.701,870	5,376,199
	Clubs, school lunches and other activities Registration fees	514,887 20,700	442,092 21,950
		6,237,457	5,840,241
3.	INCOME FROM OTHER TRADING ACTIVITIES	2023	2022
			E
	Net cafe income / (expenditure) Income from fund raising events Hire offacilities Other	8,732 52,986 14,320	(5,956) 16,268 12,860 1,518
		76,038	24,690
4.	INCOME FROM INVESTMENTS	2023	2022
	Interest- Deposit and current account Dividend income	85,314 7,548	5,892 6,424
		92,862	12,316
5.	VOLUNTARY SOURCES	2023	2022
	Insurance claim against repairs costs Donations and gifts	5,696	29,692 18,970
		5,696	48,662

nalysis ofcharitable	, governance	and support	costs is as follow	s:
	Direct	Support	Governance	2023	2022
	charitable	Costs	Function	Total	Total
	activity
Salary and employee	2,937,102	750,537		3,687,639	3,424,969
costs Premises and overhead		521,147		521,147	514,623
costs Catering costs Amortisation Depreciation		324,013 281,289 163,204		324,013 281,289 163,204	248,525 272,151 147,326
School activities and
excursions Educational supplies Other costs	185,046 61,163 32,391	322,274		185,046 61,163 354,665	149,821 76,070 223,466
Finance costs including loan interest Legal 8, professional fees Audit remuneration		105,297	61,184 19,780	105,297 61,184 19,780	106,480 62,900 12,336
	3,215,702	2,467,761	80,964	5,764,427	5,238,667

et income for the year is stated after charging:
	2023	2022
Other expenditure includes:
Fees payable to the Company's auditor —for the audit ofthe Company's annual accounts — for other audit work on behalf ofthe Company Amortisation 8, Depreciation —owned assets Operating lease rentals — Land and buildings Fittings and equipment Net (loss) on investments Loss on disposal oftangible fixed assets	18,380 1,400 444,483 72,766 8,135 (14,559) 131,621	11,136 1,200 419,477 74,407 720 (33,325)

TAFF COSTS
	2023	2022
	E	'E
Wages and Salaries Social Security costs Pension costs	2,869,792 293,424 461,767	2,651,356 280,375 433,610
Other employee benefits	62,656	59,628
	3,687,639	3,424,969

osts) of more than f60,000 in the year was a	s follows:
	2023	2022
	Number	Number
260,001 —%70,000	1	1
R70,001 —280,000		1
280,001 —R90,000		1
R100,001 - R110,000		1
f110,000 —R120,000

				2023		2022
				Number	FTE	Number	FTE
Charitable activities Administration	(Teaching	and	support)	74 16	62 12	82 7	64 7
				90	74	89	71

				2023	2022
Bank	loan	interest	payable	103,012	102,338

	Computer Equipment	Equipment, Fixtures and	Land 8 Freehold	Short Leasehold	Total
		Fittings	Property	Property
			E	E
Cost As at 1 September 2022 Additions Disposals	627,180 96,193 ( — )	1,596,544 171,292 ( — )	13,050,397 556,713 (174,505)	636,470 ( — )	15,910,591 824,198 (174,505)
As at 31 August 2023	723,373	1,767,836	13,432,605	636,470	16,560,284
Depreciation As at 1 September 2022 Charge for year Disposals	519,729 58,930 ( — )	1,276,426 104,274 ( — )	2,597,394 254,638 (42,884)	277,219 26,651 ( — )	4,670,768 444,493 (42,884)
As at 31 August 2022	578,659	1,380,700	2,809,148	303,870	5,072,377
Net BookValue As at 31 August 2023	144,714	387,136	10,623,457	332,600	11,487,907
As at 31 August 2022	107,451	320,118	10,453,003	359,251	11,239,823

At 1 September 2022	At 1 September 2022
Re-invested	income
Change in	market value
Additions

nvestm	ents	at fair value	comprise:
				At 31 August	At 31 August
				2023	2022
Funds	held	within a unit	trust	390,786	341,286
Cash	within	investment	portfolio	2,933	4,725
				393,719	346,011

EBTORS
	2023	2022
Amounts falling due within one year:
Fees receivable	26,000	5,707
Other debtors	22,180
Prepayments	153,897	132,603
	202,077	138,310

		2023	2022
		E
Amounts	falling due within one year:
Bank loans		263,311	260,566
Taxation and Social Security payable Other Creditors		73,237 160,910	67,545 160,691
Fees paid Deposits Accruals	in advance held	725,699 30,500 471,377	610,232 28,500 271,573
		1,725,034	1,399,107
		2023	2022
		E	E
Amounts	falling due after one year:
Long term mortgage Deposits held		2,250,071 276,000	2,501,990 246,500
		2,526,071	2,748490

The amounts fa	respec	rs payable by	instalm	ents after five	years were:
				2023	2022
Bank loans —element over Deposits held —element	five years over five years	(not payable	by	1,395,287 153,000	1,576,640 126,500
instalments)

otal future minimum lease paymen	ts under non-cancellable operating	ts under non-cancellable operating	leases are	as follo	ws:
	Land 8 Buildings			Other
	2023	2022	2023		2022
	E	E	E		E
Expiring: Within one year In two to five years In more than five years	1,320 76,773 2,180,107	2,273 27,610 2,288,279	121,854		1,620
	2,258,200	2,318,162	121,854		1,620

ECONCILIATION OF NET INCOME	TO NET CASH FLO	W FROM OPE	RATING ACTIVITI	ES
			2023	2022
Net income for the year Dividend income Interest receivable Interest payable Depreciation charges Increase / (decrease) in debtors Increase in creditors Change in market value of investments/reinvested Loss on disposal of fixed assets		income	609,217 (7,548) (83,314) 103,012 444,493 (63,767) 321,182 4,792 131,621	647,455 (6,424) (5,892) 102,338 419,477 (4,287) 302,113 25,940
Net cash inflow from operating	activities		1,457,688	1,480,720

nk loans,	other creditors,	dep	osits held an	d accruals.
					2023	2022
						F.
Financial	assets measured	at	amortised cost		2,006468	1,610,850
Financial	liabilities measured		at amortised	cost	3,452,169	3,469,820
Total interest expense for		financial liabilities		held at amortised cost	103,012	102,338