2022-08-31-accounts

CONTENTS	PAGES
Trustees and professional advisers
Trustees' Annual Report	2to 6
Independent auditor's report to the trustees	7to 9
Statement offinancial activities	10
Statement offinancial position
Statement ofcash flows
Notes to the financial statements	13to 20

Registered	charity name	The Ursuline		Preparatory	School
Charity number		1058282
Trustees		G Moule
		Mrs FEast
		Mrs A Hyams
		J O'Shea
Auditor		M J Bushell	Audit LLP
		Chartered Accountants
		&Statutory	Auditors
		8 High Street
		Brentwood
		Essex
		CM14 4AB
Bankers		Lloyds Bank		PLC
Website		www. ursulineprepwarley.			co.uk

				Total F&nnds	Total Funds
				2022	2021
			Note
INCOME
Donations and Grants			4	25,401	8,854
Income from charitable	activities		5	1,945,159	1,837,559
TOTAL INCOME				1,970,560	1,846,413
KXPE&NDITURK
Expenditure on charitable		activities	6	(1)923,718)	(1,775,167)
Other expenses			7	(81,131)	(83,425)
TOTAL E&XPKNDITURE&				(2,004,849)	(1,858,592)
NKT KXPE&NDITURK	FOR THE& YE&AR			(34,289)	(12,179)
RECONCILIATION	OF&	FUNDS
Total funds brought forward				1,169,052	1,181,231
TOTAL FUNDS CARRIED FORWARD				1,134,763	1,169,052

	STATEM	ENT OF FINANCIAL	ENT OF FINANCIAL	POSITION
		31 AUGUST 2022
			2022		2021
		Note
FIXEDASSETS
Tangible assets		10		1,409,631		1,241,855
CURRENT ASSETS
Stocks		11	1,711		1,571
Debtors		12	100,770		96,629
Cash at bank and in hand			265,484		449,654
			367&965		547,854
CRE&DITORS: Amounts	falling due
within one year		13	(516,971)		(501,956)
NKT CURRENT ASSETS				(149,006)		45,898
TOTAL ASSE&TSLESS	CURRENT	LIABILITIE&S
				1,260&625		1,287,753
CREDITORS: Amounts	falling due
after more than one year				(125,862)		(118,701)
NKT ASSETS				1,134,763		1,169,052
FUNDS
Unrestricted income funds		17		1,134,763		1,169,052
TOTAL FUNDS				1,134,763		1,169,052

				2022	2021
Cash flows from operating activities
Net expenditure				(34,2S9)	(12,179)
zfdjnstments for:
Depreciation oftangible fixed	assets			87,228	84,920
Loan interest included in financing		activities		6,361	6,495
Profit on disposal offixed assets					(437)
Changes in:
(Increase)/Decrease in stock				(140)	187
(Increase)/Decrease in debtors				(4,141)	22,296
Increase in creditors: amounts	falling due		& lyear	26,996	73,026
Cash generated fiom operations				82,015	174,308
Interest received
Net cash fiom operating activities				82,015	174,308
Cash flows from investing activities
Purchase oftangible assets				(255,005)	(25,375)
Disposal oftangible assets					500
Net cash used in investing activities				(255,005)	(24,875)
Cash flows from financing activities
Interest paid				(6,361)	(6,495)
Repayment ofbank loans				(4,819)	(4,384)
Net cash used in investing activities				(11,180)	(10,879)
Net increase in cash and cash	equivalents			(184,170)	138,554
Cash and cash equivalents at	beginning		ofyear	449,654	311,100
Cash and cash equivalents at	end	ofyear		265,484	449,654

				Total Funds	Total Funds
				2022	2021
Donations-Parents	and	Friends Association		25,401	3,620
Grants —Coronavirus		Job Retention	Scheme		5,234
				25,401	8,854
INCOME FROM	CHARITABLE		ACTIVITIES	(UNRESTRICTED)
				Total Funds	Total Funds
				2022	2021
School fees				1,920,279	1,830,934
Other income				24,880	6,625
				1,945,159	1,837,559

6.	E&XPKNDIT	URK	ON CHARIT	ABLE ACTIVITIE	S BYACTIVITY TYPE	(UNRE&STRICTEiD)
					Total Funds	Total Funds
					2022	2021
	Teaching and	care	ofchildren		1,430,906	1,317,817
	Running costs and		maintenance	ofschool	492,812	457,350
					1,923,718	],775,167
7.	OTHE&R EXPENDITURE (UNRESTRICTED)
					Total Funds	Total Funds
					2022	2021
	Administration	staff salaries			33,983	33,640
	Employer's NIC				3,584	3,427
	Insurance				336	246
	Accountancy	fees			1,920	2,035
	Audit fees				6,564	4,764
	Bank charges				1,576	1,543
	Postage, stationery		and telephone		12,303	12,552
	Other pension	costs			1,699	1,682
	Advertising and website costs				861	6,749
	Rental ofoffice equipment				3,888	2,916
	Printing				8,056	7,376
	Loan Interest	Paid			6,361	6,495
					81,131	83,425
8.	NKT INCOME K&OR THEi YE&AR
	This is stated	after charging:
					2022	2021
	Staff pension	contributions			181,443	163,471
	Depreciation				87,229	84,920
	Auditors' fees				6,564	4,764
	Operating lease costs:
	- Land and buildings				35,515	35,515
9.	STAFFCOSTS AND EMOLUMENTS
	Total staff costs were as follows:
					2022	2021
	Wages and salaries				1,269,726	1,203,879
	Social security	costs			128,643	115,481
	Other pension	costs			181,443	163,471
	Private health	insurance			2$,376	20,713
					1,608,18&	1,503,544

TANGIBLE FIXE	DASSETS
					Playground &
	Leasehold	It'ixtu res &	Motor		Early Years
	Improvements	Fittings	Vehicles	Computers	Equipment	Total
				K
COST
At 1 Sep 2021	1,767,724	151,619	25,522	165&671	36,318	2,146,854
Additions	202,641	6&361		43,278	2,725	255,005
Disposals		(1,239)				(1,239)
At 31Aug 2022	1,970,365	156,741	25,522	208,949	39,043	2,400,620
DEPRECIATION
At 1 Sep 2021	593&342	132,180	23,061	147,059	9&357	904,999
Charge for the year	65,279	7,137	615	10,772	3,426	87,229
Disposals in year		(1,239)				(1,239)
At 31Aug 2022	658,621	138,078	23,676	157,831	12,783	990,989
NET BOOKVALUE
At 31Aug 2022	1&311,744	18,663	1,846	51,118	26,260	1,409,631
At 31Aug 202I	I, I74,382	19,439	2,461	18,612	26,961	1,241,855

		YEAR ENDED	31AUGUST 2022
11.	STOCKS
			2022	2021
	Stock		1,711	1,571
12.	DEBTORS
			2022	2021
	Trade debtors		20,083	15,317
	Other debtors		13,282	3,240
	Prepayments		67,405	78,072
			100,770	96,629
13.	CREDITORS: Amounts	falling due within	one year
			2022	2021
			K
	Bank loan (note 14)		4,774	4,139
	Trade creditors		5,902	4,838
	PAYE and social security		14,367	14,367
	Deposits held		46,500	50,750
	Fees received in advance		282,675	292,588
	Accruals		159,369	133,527
	Other creditors		3,384	1,747
			516,971	501,956
14.	CREDITORS: Amounts	falling due after more than one year
			2022	2021
	Fees in Advance		12,615
	Bank loan repayable		113,247	118,701
			125,862	118,701
	The bank loan is repayable	as follows:
	Within one year (note 13)		4,774	4,139
	Between two and five years		22,052	22,505
	More than 5years		~91195	96 196
			118,021	122,840