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