2023-08-31-accounts

Registered	charity name	The Ursuline		Preparatory	School
Registered	address	The Ursuline		Preparatory	School
		Great Ropers		Lane
		Warley
		Brentwood
		Essex
		CM13 3HR
Charity number		1058282
Trustees		G Moule
		Mrs F East
		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

	Y	EAR ENDED 31 AUGU	ST 2023
				Total Funds	Total Funds
				2023	2022
			Note
INCOME
Donations and Grants			4	19,541	25,401
Income from charitable	activities		5	2,088,686	1,945,159
TOTAL INCOME				2,108,227	1,970,560
EXPENDITURE
Expenditure on charitable activities			6	(1,989,371)	(1,923,718)
Other expenses			7	(S2,918)	(81,131)
TOTAL EXPENDITURE				(2,072,289)	(2,004,849)
NET INCOME/(EXPENDITURE)		FOR THE YEAR		35,938	(34,289)
RECONCILIATION	OF FUNDS
Total funds brought forward				1,134,763	1,169,052
TOTAL FUNDS CARRIED FORWARD				1,170,701	1,134,763

			2023		2022
		Note
FIXEDASSETS
Tangible assets				1,324,727		1,409,631
CURRENT ASSETS
Stocks		11	2 112		1,711
Debtors		12	593,207		511,879
Cash at bank and in hand			197,457		265,484
			792,776		779,074
CREDITORS: Amounts	falling due
within one year		13	(931,273)		(928,080)
NET CURRENT ASSETS				(138,497)		(149,006)
TOTAL ASSETSLESS	CURRENT	LIABILITIES
				1,186,230		1,260,625
CREDITORS: Amounts	falling due
after more than one year		14		(15,529)		(125,862)
NET ASSETS				1,170,701		1,134,763
FUNDS
Unrestricted income funds		17		1,170,701		1,134,763
TOTAL FUNDS				1,170,701		1,134,763

				2023	2022
Cash flows from operating	activities
Net income/(expenditure)				35,938	(34,289)
Adjustments for:
Depreciation oftangible fixed assets				99,459	87,228
Loan interest included in financing		activities		5,633	6,361
Changes in:
(Increase) in stock				(401)	(140)
(Increase) in debtors				(81,328)	(415,250)
(Decrease)/Increase in creditors: amounts			falling due & 1year	(5,183)	438,105
Cash generated from operations				54,118	82,015
Interest received
Net cash from operating activities				54,118	82,015
Cash flows from investing	activities
Purchase oftangible assets				(14,555)	(255,005)
Disposal oftangible assets
Net cash used in investing activities				(14,555)	(255,005)
Cash flows from financing	activities
Interest paid				(5,633)	(6,361)
Repayment ofbank loans				(101,957)	(4,819)
Net cash used in investing activities				(107,590)	(11,180)
Net increase in cash and cash equivalents				(68,027)	(184,170)
Cash and cash equivalents	at beginning		ofyear	265,484	449,654
Cash and cash equivalents	at end	ofyear		197,457	265,484

nomic life	ofthat asset as f	ollows:
Fixtures 4	Fittings	straight	line over 5years.
Motor Vehicles		25%per	annum ofnet book value.
Leasehold	Property	straight	line over 30years.
Computers		straight	line over 3years.
Playground	equipment	straight	line over 10years

4.	INCOME FROM	DONATIONS AND GRANTS	(UNRESTRICTED)
			Total Funds	Total Funds
			2023	2022
	Donations-Parents	and Friends Association	19,541	25,401
5.	INCOME FROM	CHARITABLE ACTIVITIES	(UNRESTRICTED)

INCOME FROM CHARITABLE	ACTIVITIES (UNRESTRICTED)
	Total Funds	Total Funds
	2023	2022
School fees	2,059,769	1,920,279
Other income	28,917	24,880
	2,088,686	1,945,159

6.	EXPENDITU	RE ON CHARIT	ABLE ACTIVITIE	S BYACTIVITY TYPE	(UNRESTMCTED)
				Total Funds	Total Funds
				2023	2022
	Teaching and	care ofchildren		1,456,913	1,430,906
	Running costs and maintenance		ofschool	532,458	492,812
				1,989,371	1,923,718
7.	OTHER EXPENDITURE (UNRESTMCTED)
				Total Funds	Total Funds
				2023	2022
	Administration	staff salaries		36,003	33,983
	Employer's NIC			3,769	3,584
	Insurance				336
	Accountancy	fees		2,971	1,920
	Audit fees			6,060	6,564
	Bank charges			1,570	1,576
	Postage, stationery and telephone			12,193	12,303
	Other pension	costs		1,800	1,699
	Advertising and website costs			582	861
	Rental ofoffice equipment			3,888	3,888
	Printing			8,449	8,056
	Loan Interest	Paid		5,633	6,361
				82,918	81,131
8.	NET INCOME FOR THE YEAR
	This is stated	after charging:
				2023	2022
	Staffpension	contributions		182,006	181,443
	Depreciation			99,459	87,229
	Auditors' fees			6,060	6,564
	Operating lease costs:
	-Land and buildings			35,515	35,515
9.	STAFF COSTS AND EMOLUMENTS
	Total staff costs were as follows:
				2023	2022
	Wages and salaries			1,297,358	1,269,726
	Social security costs			130,162	128,643
	Other pension	costs		182,007	181,443
	Private health	insurance		32,604	28,376
				1,642,131	1,608,188

Particulars	ofemployees:
The average	number ofemployees		during the	year was as follows
				2023	2022
				No	No
Academic		-Full Time		15	15
		-Part Time		20	18
Ancillary		-Full Time		4	4
		-Part Time		6	6
				45	43
The number	ofemployees	whose remuneration		for the year fell within the following	bands, were:
				2023	2022
				No	No
f60,001to f70,000				3	2
X170,001to	f180,000				1
K180,001to	f190,000			1

TANGIBLE FIXE	DASSETS
	Leasehold	Fixtures 4	Motor		Playground & Early Years
	Improvements	Fittings	Vehicles	Computers	Equipment	Total
	K			K		K
COST
At 1 Sep 2022	1,970,365	156,741	25,522	208,948	39,043	2,400,619
Additions	3,840			9,800	915	14,555
Disposals		(4,750)		(55,846)		(60,596)
At 31Aug 2023	1,974,205	151,991	25,522	162,902	39,958	2,354,57S
DEPRECIATION
At 1 Sep 2022	658,621	138,078	23,676	157,830	12,783	990,988
Charge for the year	65,737	6,417	462	23,195	3,648	99,459
Disposals in year		(4,750)		(55,846)	-	(60,596)
At 31Aug 2023	724,358	139,745	24,138	125,179	16,431	1,029,851
NET BOOKVALUE
At 31Aug 2023	1,249,847	12,246	1,384	37,723	23,527	1,324,727
At 31Aug 2022	1,311,744	18,663	1,846	51,118	26,260	1,409,631

		THE URSULINE PREPARATORY SCHOOL	THE URSULINE PREPARATORY SCHOOL	THE URSULINE PREPARATORY SCHOOL
		NOTES TO THE FINANCIAL STATEMENTS
			YEAR ENDED 31AUGUST 2023
11.	STOCKS
				2023	2022
	Stock			2,112	1,711
12.	DEBTORS
				2023	2022
	Trade debtors			529,667	431,192
	Other debtors			929	13,282
	Prep ayments			62,611	67,405
				593,207	511,879
13.	CREDITORS: Amounts		falling due within one year
				2023	2022
	Bank loan (note 14)			535	4,774
	Trade creditors			6,496	5,902
	PAYE and social security			15,291	14,367
	Deposits held			50,000	46,500
	Fees received	in advance		720,524	693,784
	Accruals			138,397	159,369
	Other creditors			30	3,384
				931,273	928,080
14.	CREDITORS: Amounts		falling due after more than one	year
				2023	2022
	Fees in Advance				12,615
	Bank loan repayable			15,529	113,247
				15,529	125,862
	The bank loan	is repayable	as follows:
	Within one year (note 13)			535	4,774
	Between two and five years			2,742	22,052
	More than 5years			~12787	91 195
				16,064	118,021