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|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|
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|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|
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|||||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|
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||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|
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|||||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|
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|||||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|
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|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|
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|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|
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|||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|
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