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|<br><br>arity Trustee body, was as follo|ws during the year:||||||
|---|---|---|---|---|---|---|
|NAME||||COMMITTEES||OTHER|
|||F|E|J|A|HS|
|Mr P Doyle (Chairman)||0|0||||
|Mr P Ashcroft*|||||0||
|Mrs FBrown*|||||0||
|Mr M Curry|||||||
|Mr G Dransfield|Resigned 31.8.22|0|||||
|Mr M Fosten|||||||
|Rev W Hawkins|||||||
|Mr LJagger"||0|||||
|Mr A Neden||4|0||||
|Mr 8O'Donoghue*|||||||
|Mr0 Obidipe|||||||
|Mrs A Paterson|||||||
|Mr A Spencer|Resigned 2.9.21||||||



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|Key management|Key management|personnel|||
|---|---|---|---|---|
|Headmaster:|||Mr G Sanderson<br>MA (Oxen) FRSA||
|Bursar:|||Mr A Butterworth<br>MA (Cantab) DChA (resigned 22 August 2022)||
||||Mr R Wilkinson OBE(appointed 22 August 2022)||
|Head ofthe Junior||School:|Mrs V Meier||
|Deputy Heads:|||MrJ Martin (Senior|School)|
||||Mrs A Massey (Senior School)||
||||Mr E Wright (Senior|School)|
||||Mrs N Devon (Junior School)||
||||Mr A Taylor (Junior|School)|
|Registered|Office||||
||||Eltham College||
||||Grove Park Road||
||||Mottingham||
||||London SE94QF||
|Advisers|||||
|Bankers:|||Barclays Bank Pic||
||||5n Floor Corinthian|House|
||||17Lsnsdowne<br>Road||
||||Croydon<br>CRO 2BX||
||||Lloyds Bank Pic||
||||Level 5,110St.Vincent Street||
||||Glasgow G2 5ER||
|Auditors:|||Azets Audit Services||
||||2nd Floor, Regis House||
||||45 King William Street||
||||London EC4R 9AN||
|Solicitors:|||Bircham Dyson Bell||
||||50 Broadway||
||||London SW1H OBL||
||||GBH Law Limited||
||||7/8 Innovation<br>Place||
||||Douglas<br>Drive||
||||Godalming||
||||Surrey GUT 1JX||





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|he fees.|In this year w|e provided<br>financ|
|---|---|---|
|Yr7|5 bursaries,|46 scholarships|
|Yr8|2 bursaries,|53scholarships|
|Yr9|4 bursaries,|37scholarships|
|Yr 10|3bursaries,|39scholarships|
|Yr 11|1 bursary, 34scholarships||
|L6|11 bursaries,|70 scholarships|
|U6|11 bursaries,|67scholarships|



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||GHG emissions<br>and|energy use data for pe|riod<br>1 September 2021 to 31Augu|st 2022:|||
|---|---|---|---|---|---|---|
||||Baseline Reporting Year<br>2020-2021|Current|Reporting<br>2021-2022|Year|
||||UK GHG Emission|and Energy|Data||
||Energy consumption<br>emissions<br>(kWh); all|used to calculate<br> mandatory|4,287,701.3|3,976,525.8|||
|'|energy sources are|included.|||||
|i|Scope 1:Emissions<br>from the<br>combustion<br>of Natural<br>Gas tCOze||587.9||510.94||
|I|Scope 1:Emissions <br>of Fuel for transport|from combustion<br>and<br>/ or heating|15.0||30.1||
||tCOze<br>iz~id<br>k|I s<br>kd|||||
||Scope 1:Emissions <br>Pellets tCO2e|ofBiomass|NA||NA||
||Scope 3:Emissions|from business|||||
||travel<br>in employee-owned<br>vehicles,||||||
||where the company|repaid mileage|NA||NA||
||claims tCOze (average vehicle Ifuel||||||
||source unknown)||||||
||Scope 2: Emissions|from purchased|226.6.5||214.4||
||Electricity ICOze||||||
||Total gross COze based on above||829.5||756.1||
||(tCOze)||||||
||Intensity<br>Ratio: kg COze gross based||||||
||on mandatory<br>fields <br>during the academic <br>(kg COze per Pupil)|above per Pupil<br> year:|813.28 kg COze per Pupil|729.82 kg COze per <br>(1036pupils)||Pupil|



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Eltham College
Indèpèndent Auditor's Raport to the Members of Eltham College
For The Year Ended 31 August 2022
A fvrther de¥¢riptiDll of our responsibilits'es is availab￿ on the Fin￿claI Reporting CouneAls wabsfte at..
ttps..lthw.fr¢.org.uklOur-WorklAuditlAudit-and-assuranc8lStsndards-and-guidan￿Standafds-a0d*Ui￿nCe40r
uditorslAudltors-responsibiliti85.for.audiVDe$crfption-of-auditOTS-rgspon$ibilrti&%-for- audit.aspx.
This de8CriPti￿ lorms part of our a￿lItorS report
Use of our Report
This r&port is made solely lo the Group and chantsble company's rnernb8rs, as a body, in aCCLJrdancewlth Chapter
3 of Part 16olthe CO[n￿nIeS Acl 2006. Our audilwork has been undertaken sothat wern￿￿t st8tètothè charilab
company's rnarnbèrs those matters we are required to statè to them in an auditor's report and for r￿ other purpDSe.
Tothefullest extent peFmitl¢d by law, we not accept or 85sum8 i*sponsibi16ty to anyoneother th8n th8 tharitable
company ancl the charitabk eompany's members as a body, for our audit work, for this report, or ftjr the opiniot
we h8vg f¢yrned.
John HO￿rd FCA IS•nlor Statutory Audltor)
For and on b¢h8lf of Azets Audrt Services Ststuiory Auditor
2￿d Floor. Regis House
45 Kirwd Willlam Stre8t
London
EC4R 9AN
Data..
19

## 

## 

## 

||||Unrestricted|Funds|Restricted|Endowed|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||Notes|School|Other|Funds|Funds|2022|2021|
|||||8|8|6|6||
|INCOME|||||||||
|Income from charitable|activities:||||||||
|School fees receivable||2|19,748,562||||19,748,562|18,719,987|
|Less: awards||2|(2,409,490)||(19,671)||(2,429,161)|(2,479,531)|
|Other educational<br>income||3|217,949||||217,949|195,849|
|Other ancillary<br>trading|income|3|1,234,113||||1,234,113|1,058,427|
|Income from other trading|||||||||
|activities:|||||||||
|FSSM Ltd income||||551,969|||551,969|388,771|
|Income from generated<br>Investment<br>income|funds:||25,218|11,467|3,130|23|39,838|17,229|
|Donations<br>and appeal receipts||||18,537|430,304||448,841|247,227|
|Rents and Lettings|||98,931||||98,931|68,277|
|Total|||18,915,283|581,973|413,763|23|19,911,042|18,216,236|
|EXPENDITURE|||||||||
|Costs of raising funds:<br>Fund-raising|||52,504|18,537|120,950||191,991|170,206|
|Financing costs<br>FSSM Ltd costs|||502,926|471,816|||502,926<br>471,816|510,414<br>444,860|
||||555,430|490,353|120,950||1,166,733|1,125,480|
|Charitable<br>Activities:|||||||||
|Schools and grant making|||17,504,897||4,412||17,509,309|16,108,734|
|Pension scheme deficit funding||22|(9,718)||||(9,718)|(3,288)|
|arrangement|||||||||
|Total||5|18,050,609|490,353|125,362||16,666,324|17,230,926|
|NET INCOMINGI(OUTGOING)|||864,674|91,620|288,401|23|1,244,718|985,310|
|RESOURCES|||||||||
|Transfers<br>between<br>funds||6|17,963|(5,640)|(12,300)|(23)|||
|Investment<br>gains/(losses)||||(5,827)|(5,295)||(11,122)|79,226|
||||882,637|80,153|270,806||1,233,596|1,064,536|
|NET INCOMEI(DEFICIT)|||962,790||270,806||1,233,596|1,064,536|
|Fund Balances at 1 September 2021|||10,308,257||214,462|32,559|10,555,278|9A90,742|
|Fund Balances at 31August 2022|||11,271,047||485,268|32,559|11,788,874|10.555,278|





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## 

|||Notes|Group|Group|School|School|
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
||||8|6|6|8|
|Fixed assets|||||||
|Intangible assets<br>Tangible assets<br>Investment<br>assets||7<br>8<br>9|6,285<br>30,537,757<br>519,424|6,285<br>28,777,580<br>530,547|30,496,373<br>519,426|28,719,029<br>530,549|
||||31,063,466|29,314,412|31,015,799|29,249,578|
|Current assets|||||||
|Stocks|||2,592|1,858|||
|Debtors||10|806,294|644,410|764,595|661,267|
|Cash|||4,045,857|4,441,235|4,037,896|4,440,551|
||||4,654,743|5,087,503|4,802,491|5,101,818|
|Creditor: Amounts|falling due||||||
|within one year||11|(4,907,060)|(4,612,003)|(4,901,388)|(4,575,578)|
|Net current assets/(liabilities)|||(52,317)|475,500|(98,897)|526,240|
|Total assets less current|||||||
|assets/(liabilities)|||31,011,149|29,789,912|30,916,902|29,775,818|
|Creditors: Amounts|falling due||||||
|aher more than one|year|12|(19,219,916)|(19,222,557)|(19,219,916)|(19,222,557)|
|Provisions for liabilities||21|(2,359)|(12,077)|(2,359)|(12,077)|
|Net assets|||11,788,874|10,555,278|11,694,627|10,541,184|
|Endowedfunds||15a|32,559|32,559|32,559|32,559|
|Restricted funds||15b|485,268|214,462|485,268|214,462|
|Unrestricted<br>funds|||||||
|Designated<br>and general funds||15c|11,271,047|10,308,257|11,176,800|10,294,163|
|Totalfunds||15|11,788,874|10,555,278|11,694,627|10,541,184|






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|||||||2022|||2021||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Notes|f||||||
|Cash flows from operating|activities|||17|||3,886,470|||3,645,139|
|Cash flows from investing|activities:||||||||||
|Investment<br>income received|||||14,620|||14,306|||
|Interest received|||||25,218|||6,689|||
|interest<br>paid|||||(502,927)|||(510,414)|||
|Payment<br>for tangible<br>fixed assets|||||(3,096,533)|||(1,772,474)|||
||||||||(3,559,622)|||(2,261,893)|
|Net cash flow before financing||activities|||||326,848|||1,383,246|
|Cash flow from financing|activities|||18|||||||
|Repayment<br>of borrowing|||||||(722,226)|||(694,790)|
|Change<br>in cash and cash <br>the year|equivalents||in|19|||(395,378)|||688,456|
|Cash and cash equivalents|brought forward||||||4,441,235|||3,752,779|
|Cash and cash equivalents<br>at 31August 2022||||19|||4,045,857|||4,441,235|





## 

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## 

|||2022|2021|
|---|---|---|---|
||||6|
|Gross charitable|income|19,911,042|18,216,236|
|Charitable<br>expenditure||18,666,324|17,230,926|
|Net income for|the year|1,244,718|985,310|





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|EXPENDITURE||2022|2021|
|---|---|---|---|
|||5|5|
|Governance<br>expenditure|includes:|||
|Auditors'<br>remuneration:||||
|For audit servioes||18,600|17,800|
|For other services||660|1,380|
|Total staff costs comprised:||||
|Wages and salades<br>Social security costs<br>Pension<br>contributions||9,467,108<br>1,035,651<br>1,542,983|8,939,772<br>936,034<br>1,604,445|
|||12,045,742|11,480,251|



|The average number ofemployees|in the year was:|Number|Number|
|---|---|---|---|
|Academic||159|157|
|Administration||53|45|
|Other||65|68|
|||277|270|



|The number<br>ofemployees<br>whose emoluments<br>exce|eded 260,000were:||
|---|---|---|
|F60,001 - f70,000|19|17|
|F70,001 - F80,000|10|6|
|F80,001 —F90,000|1|1|
|f90,001 - F100,000|2|2|
|5100,001 -2110,000|1||
|f110,001 - 2120,000<br>f120,001 —F130,000|1||
|f.190,001 - 2200,000|||
|F240,001 - 5250,000|||





## 

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## 

|ANALYSIS OF TOTAL RESOU|RCES EXPENDED|||||
|---|---|---|---|---|---|
||Staffcosts|Other|Depreciation|Total|2021|
||(note 4)|||||
|Costs ofraising funds:||||||
|Fund-raising|188,283|3,708||191,991|170,206|
|Finance costs||502,926||502,926|510,414|
|Trading costs ofsubsidiary||471,816||471,816|444,860|
||188,283|978,450||1,166,733|1,125,480|
|Charitable<br>activities:||||||
|Teaching costs|9,597,189|923,224||10,520,413|9,953,343|
|Welfare||800,351||800,351|618,906|
|Premises|991,714|806,844|1,319,189|3,117,747|2,869,362|
|Support costs|1,251,056|1,783,240||3,034,296|2,623,854|
|School's operating costs|11,839,959|4,313,659|1,319,189|17,472,807|16,065,465|
|Grants Awards and prizes||1,049||1,049|2,690|
|Governance costs|17,500|17,953||35,453|40,579|
|Total|11,857,459|4,332,661|1,319,189|17,509,309|16,108,734|
|Pension scheme deficit||||||
|arrangement||(9,718)||(9,718)|(3,288)|
|Total expenditure|12,045,742|5,301,393|1,319,189|18,666,324|17,230,926|



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## 

|7.|INTANGIBLE ASSETS||
|---|---|---|
|||Goodwill|
||Group||
||Cost||
||At start ofyear|6,285|
||Acquisition||
||At end ofyear|6,285|
||Amortisation||
||At start of year||
||Charge for the year||
||At end ofyear||
||Net book value|6,285|





## 

## 

|8.|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|---|
|||Freehold||Furniture|||
|||Land and|Leasehold|and|Motor||
|||Buildings|Land|Equipment|Vehicles|Total|
|||6|6|5|6|8|
||GROUP||||||
||Cost||||||
||At 1 September 2021<br>Additions|37,610,880<br>2,780,413|825,000|4,769,718<br>316,120|31,506|43,237,104<br>3,096,533|
||Disposals||||||
||At 31 August 2022|40,391,293|825,000|5,085,838|31,506|46,333,637|
||Depreciation<br>At 1 September 2021<br>Charge for year|10,458,272<br>982,114|303,875<br>16,500|3,665,871<br>337,742|31,506|14,459,524<br>1,336,356|
||Disposals||||||
||At 31 August 2022|11,440,386|320,375|4,003,613|31,506|15,795,880|
||Net book values||||||
||At 31August 2022|28,950,907|504,625|1,082,225||30,537,757|
||At 31 August 2021|27,152,608|521,125|1,103,847||28,777,580|
||SCHOOL||||||
||Cost||||||
||At 1 September 2021|37,610,880|825,000|4,666,304|31,506|43,133,690|
||Additions|2,780,413||316,120||3,096,533|
||Disposals||||||
||At 31 August 2022|40,391,293|825,000|4,982,424|31,506|46,230,223|
||Depreciation||||||
||At 1 September 2021<br>Charge for year|10,458,272<br>982,114|303,875<br>16,500|3,621,008<br>320,575|31,506|14,414,661<br>1,319,189|
||Disposals||||||
||At 31 August 2022|11,440,386|320,375|3,941,583|31,506|15,733,850|
||Net book values||||||
||At 31August 2022|28,950,907|504,625|1,040,841||30,496,373|
||At 31 August 2021|27.152.608|521,125|1,045,296||28,719,029|





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## 



|Profit and loss|Profit and loss|account|2022|
|---|---|---|---|
||||8|
|Turnover|||519,813|
|Cost ofsales|||(18,487)|
|Gross profit|||501,325|
|Other inoome|||32,155|
|Administrative|and other expenses||(453,329)|
|Net profit(before||Gift Aid)|80,152|
|Net assets as|at|31 August 2022|87,963|



## 




## 

||CREDITORS: Amounts|falling due within|falling due within|Group||School|School|
|---|---|---|---|---|---|---|---|
||one year|||2022f|2021f|2022f|2021f|
||Bank loans and overdraft (note <br>Fees received<br>in advance||13)|713,760<br>1,597,958|719,363<br>1,389,076|713,760<br>1,597,958|719,363<br>1,389,076|
||Advance fee payments<br>(note 14)<br>Other creditors|under contract||1,082,179<br>621,276|1,050,425<br>967,394|1,082,179<br>617,180|1,050,425<br>963,432|
||Inter-company<br>creditor|||||16,825||
||Social security &other <br>Accruals|taxes||285,772<br>303,615|23,444<br>175,801|268,121<br>302,865|166,782|
||Fee deposits|||302,500|286,500|302,500|286,500|
|||||4,907,060|4,612,003|4.901,388|4,575,578|
|12.|CREDITORS: Amounts|falling due after more||than one year||||
|||||||2022|2021|
||Group and School<br>Bank loans (note 13)<br>Fee deposits<br>Advance fee payments|under contract (note 14)|||14,562,833<br>2,128,588<br>2,528,495||15,279,456<br>2,136,139<br>1,806,962|
||||||19,219.916||19,222,557|
|13.|FINANCIAL INSTRUMENTS|||||2022f|2021|
||Group and School|||||||
||The bank loans and overdraft||are repayable|by instalments:||||
||Between one and two <br>Bank loan|years||||739,771|739,937|
||Between two and five <br>Bankloan|years||||2,382,560|2,366,157|
||Due after more than five years|||||||
||Bank loan|||||11,440,502|12,173,362|
|||||||14,562,833|15,279,456|
||Due within one year<br>Bank loan &overdraft|||||713,760|719,363|
||Total borrowings|||||15,276,593|15,998,819|





## 

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## 

|||2022|2021|
|---|---|---|---|
|||6|6|
|Group and School<br>After 5years<br>Within 2 to 5years<br>Within<br>1 to 2 years||577,053<br>1,331,536<br>619,906|392,120<br>841,032<br>573,810|
|||2,528,495|1,806,962|
|Within|1 year|1,082,179|1,050,425|
|||3,610,674|2,857,387|



|Balance at 1 September 2021<br>New contracts|Balance at 1 September 2021<br>New contracts|Balance at 1 September 2021<br>New contracts|2,857,387<br>1,803,712|2,205,630<br>1,813,799|
|---|---|---|---|---|
||||4,661,099|4,019,429|
|Amounts|utilised<br>in payment|offees|(1,050,425)|(1,162,042)|
|Balance|at31August 2022||3,610,674|2,857,387|





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## 

## 

||The net assets a|re held|for the various fund|s as follows:||||
|---|---|---|---|---|---|---|---|
||||Tangible|||||
||||Fixed|Investments|Net Current|Long Term||
||Group||Assets<br>6|&Goodwill<br>f|Assets<br>6|Liabilities|Total<br>6|
||Endowed<br>funds||||32,559||32,559|
||Restricted funds|||111,944|373,324||485,268|
||Unrestricted<br>funds||30,537,757|413,765|(458,200)|(19,222,275)|11,271,047|
||||30,537,757|525,709|(52,317)|(19,222,275)|11,788,874|
||School|||||||
||Endowed<br>funds||||32,559||32,559|
||Restricted funds|||111,944|373,324||485,268|
||Unrestricted<br>funds||30,496,373|407,482|(504,780)|(19,222,275)|11,176,800|
||||30,496,373|519,426|(98,897)|(19,222,275)|11,694,627|
|15a.|ENDOWED FUNDS||Balance||||Balance|
||||1 September|Incoming|Resources||31August|
||||2021|Resources|Expended|Transfers|2022|
||||5||6|6|8|
||Other Endowed|Funds|23,208|16||(16)|23,208|
||Prize Trust Fund||7,203|||(5)|7,203|
||ECPA (Neville Wood)|||||||
||Leaving Trust||2,148|||(2)|2,148|
||||32,559|23||(23)|32,559|





## 


## 


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## 



## 

## 

||CASH INFLOW FROM OPE|RATIONS||||||
|---|---|---|---|---|---|---|---|
|||||2022|||2021|
|||||8||||
||Net Incoming<br>Resources||||1,244,718||985,310|
||Depredation<br>charge||1,336,356|||1,266,224||
||Investment<br>income received||(14,620)|||(14,306)||
||Interest received||(25,216)|||(2,923)||
||Interest paid||502,927|||510,414||
||(Increase)<br>in stock|||(734)||||
||(Increase)<br>in debtors<br>Increase<br>in creditors||(161,884)<br>1,014,643|||(110,055)<br>1,013,763||
||(Decrease) in provision|||(9,718)|2,641,752|(3,288)<br>2,659,829||
||Net cash inflow from operations||||3,886,470||3,645,139|
|18.|ANALYSIS OF CHANGES|IN FINANCING||||2022|2021|
||Loans:|||||||
||Balance 1 September 2021|||||15,998,819|16,693,609|
||New loans advanced|||||||
||Loan repayments|||||(722,226)|(694,790)|
||Balance at 31August 2022|||||15,276,593|15,998,819|
|19.|ANALYSIS OF CASH AND|CASH|Balance|Cash|flows|Other|Balance|
||EQUIVALENTS||1 September|||changes|31August|
||||2021||||2022|
||Cash at bank and in hand||4,441,235|(395,378)|||4,045,857|
||Bank overdraR|||||||
||||4,441,235|(395.378)|||4,045,857|





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|were as set out b|elow:|||
|---|---|---|---|
|Office equipment|and vehicles|2022<br>6|2021|
|Operating<br>leases|which expire:|||
|Under one year<br>Between two and|five years|48,149<br>91,114|43,745<br>30,970|
|Over five years||23,550||
|||162,813|74,715|



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