2023-08-31-accounts - Chaigeley Educational Foundation

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		Page
Chair ofTrustees Report
Report ofthe Trustees	2	to	7
Report ofthe Independent Auditors	8	to	11
Statement ofFinancial Activities		12
Balance Sheet
Cash Flow Statement		14
Notes to the Cash Flow Statement		15
Notes to the Financial Statements	16	to	27
Detailed Statement ofFinancial Activities	28	to	29

Trustees
							Social &Personal
							Development	&
				Finance		Personnel	Curriculum
			Committee			Committee	Committee
Mr Will Howell	(Chairman)
Mr Christopher Haines	(Vice Chairman)
Ms Jilly Ann Atherton
Mr Tim Askham
Mrs Olivia Connolly	Resigned 27/02/2023
Mrs Hannah Middleton
Mrs Amy Nisbet
Mr Martin Oldfield
Mrs Elizabeth Parker
Mrs Claire Peers	Resigned 09/05/2023
Mrs Hilary Brooks	Appointed	01/09/2022
Management Team
Mr Paul Lambert	(Principal)
Mrs Rachel Guyer	(Deputy Principal)		Appointed		01/09/2023
Miss Becky Swift	(Head ofEducation) Resigned				31/08/2023
Mr Patrick Boyle	(Assistant	Head ofEducation)
Mr Noel Conreen	(School Business &Finance			Manager)
Mrs Ruth Myers	(SENDCO)
Mrs Robyn Shevlin	(Head ofTherapy)		Appointed		01/09/2022

				for the Year E	nded 31August	2023
							31,8.23	31.8.22
				Unrestricted	Restricted	Endowment	Total	Total
				funds	fund	fund	funds	funds
			Notes
INCOME AND
ENDOWMENTS	FROM
Donations and legacies				6,543			6,543	7,172
Charitable activities
Care and education	of	children		2,578,581	49,733		2,628,314	2,418,033
Other trading activities				10,575			10,575	6,410
Investment income				4,695			4,695
Other income								1,087
Total				2,600,394	49,733		2,650,127	2,432,702
EXPENDITURE	ON
Charitable activities
General
Teaching costs				1,887,726	36,696		1,924,422	1,860,920
Welfare costs				25,425			25,425	36,653
Premises costs				411,802		60,547	472,349	384,695
Support costs for schooling				109,429			109,429	75,660
Governance costs				1,845			1,845	1,576
Total				2,436,227	36,696	60,547	2,533,470	2,359,504
NET
INCOME/(EXPENDITURE)				164,167	13,037	(60,547)	116,657	73,198
RECONCILIATION		OF
FUNDS
Total funds brought	forward			514,313	5,754	2,550,273	3,070,340	2,997,142
TOTAL FUNDS CARRIED
FORWARD				678,480	18,791	2,489,726	3,186,997	3,070,340

					31.8.23	31.8.22
		Unrestricted	Restricted	Endowment	Total	Total
		funds	fund	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	13	114,734		2,489,726	2,604,460	2,645,620
CURRENT ASSETS
Debtors	14	34,943			34,943	38,703
Cash at bank and in hand		646,119	18,791		664,910	523,127
		681,062	18,791		699,853	561,830
CREDITORS
Amounts falling due within one
year	15	(117,316)			(117,316)	(137,110)
NET CURRENT ASSETS		563,746	18,791		582,537	424,720
TOTAL ASSETSLESS
CURRENT LIABILITIES		678,480	18,79]	2,489,726	3,186,997	3,070,340
NET ASSETS		678,480	18,791	2,489,726	3,186,997	3,070,340
FUNDS	16
Unrestricted funds					678,480	514,313
Restricted funds					18,791	5,754
Endowment funds					2,489,726	2,550,273
TOTAL FUNDS					3,186,997	3,070,340

					Cash Flow Statement
				for the	Year Ended 31August	2023
						31.8.23	31.8.22
				Notes
Cash flows from operating		activities
Cash generated trom operations						245,439	296,715
Net cash provided by operating activities						245,439	296,715
Cash flows from investing		activities
Purchase oftangible fixed	assets					(47,804)	(45,848)
Sale oftangible fixed assets							1,087
Interest received						4,695
Net cash used in investing	activities					(43,109)	(44,761)
Cash flows from financing		activities
Expenditure attributable to		endowment				(60,547)	(60,304)
Net cash used in financing	activities					(60,547)	(60,304)
Change in cash and cash	equivalents		in	the
reporting period						141,783	191,650
Cash and cash equivalents		at the beginning
ofthe reporting period						523,127	331,477
Cash and cash equivalents		at the end	of	the
reporting period						664,910	523,127

				Notes to the Cash Flow Statement for the Year Ended 31August 2023	Notes to the Cash Flow Statement for the Year Ended 31August 2023	Notes to the Cash Flow Statement for the Year Ended 31August 2023	Notes to the Cash Flow Statement for the Year Ended 31August 2023
	RECONCILIATION			OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
						31.8.23	31.8.22
	Net income	for the	reporting		period (as per the Statement ofFinancial
	Activities)					116,657	73,198
	Adjustments	for:
	Depreciation	charges				88,964	99,676
	Proflt on disposal offixed assets						(1,087)
	Interest received					(4,695)
	Expenditure	attributable		to endowment		60,547	60,304
	Decrease/(increase)		in	debtors		3,760	(8,051)
	(Decrease)/increase		in	creditors		(19,794)	72,675
	Net cash provided by			operations		245,439	296,715
2.	ANALYSIS	OF CHANGES IN NET FUNDS
					At 1.9.22	Cash flow	At 31.8.23
	Net cash
	Cash at bank	and in	hand		523,127	141,783	664,910
					523,127	141,783	664,910
	Total				523,127	141,783	664,910

					Notes	to the Financial Statements - continued
						for the Year Ended 31August 2023
3.	DONATIONS	AND LEGACIES
							31.8.23	31.8.22
	Donations						6,543	7,172
4.	OTHER TRADING ACTIVITIES
							31.8.23	31.8.22
								f,
	Rental income						10,575	6,410
5.	INVESTMENT INCOME
							31.8.23	31.8.22
	Deposit account interest						4,695
6.	INCOME FROM		CHARITABLE			ACTIVITIES
							31.8.23	31.8.22
					Activity			E
	Other school income				Care and education ofchildren		3,744	3,000
	Grants				Care and education ofchildren		582,273	514,455
	Educational and care services				Care and education ofchildren		2,042,297	1,900,578
							2,628,314	2,418,033
	Grants received, included			in the above, are as follows:
							31.8.23	31.8.22
								f
	Pupil Premium	Grant					49,734	43,245
	Department ofEducation						129,971	107,877
	Education Funding		Agency				399,167	363,333
							578,872	514,455

				Support
			Direct	costs (see
			Costs	note 8)	Totals
Teaching costs			1,899,178	25,244	1,924,422
Welfare	costs		25,425		25,425
Premises	costs		445,304	27,045	472,349
Support	costs for schooling		53,712	55,717	109,429
Governance costs				1,845	1,845
			2,423,619	109,851	2,533,470
SUPPORT COSTS
				Governance
			Management	costs	Totals
			E		f.
Teaching costs			25,244		25,244
Premises	costs		20,492	6,553	27,045
Support	costs for schooling		43,776	11,941	55,717
Governance costs			1,845		1,845
			91,357	18,494	109,851
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				31.8.23	31.8.22
Auditors'	remuneration			6,300	5,100
Depreciation - owned assets				88,964	99,676
Surplus	on disposal offixed assets				(1,087)

STAFF COS	TS
				31.8.23	31.8,22
Wages and salaries				1,473,921	1,451,812
Social security	costs			135,483	123,878
Other pension	costs			202,904	199,813
				1,812,308	1,775,503
The average monthly		number ofemployees	during the year was as follows:
				31.8.23	31.8.22
Teachers				14	17
Care and teaching support staff				29	26
Domestic and	maintenance			1	1
Administration	staff			9	9
				53	53

COMPARATIVES FOR THE STATEMENT	OF FINANCIAL	ACTIVITIES
	Unrestricted	Restricted	Endowment	Total
	funds	fund	fund	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies	7,172			7,172
Charitable activities
Care and education ofchildren	2,374,789	43,244		2,418,033
Other trading activities	6,410			6,4]0
Other income	1,087			1,087
Total	2,389,458	43,244		2,432,702
EXPENDITURE ON
Charitable activities
Teaching costs	1,801,901	59,358	(339)	1,860,920
Welfare costs	36,653			36,653
Premises costs	324,052		60,643	384,695
	Pae21			continued. ..

		Notes to the Fina for the Year	Notes to the Fina for the Year	ncial Statements Ended 31August	- continued 2023
12.	COMPARATIVES	FOR THE STATEMENT		OF FINANCIAL	ACTIVITIES	-continued
				Unrestricted	Restricted	Endowinent	Total
				funds	fund	fund	funds
	Support costs for schooling			75,660			75,660
	Governance costs			1,576			1,576
	Total			2,239,842	59,358	60,304	2,359,504
	NET INCOME/(EXPENDITURE)			149,616	(16,114)	(60,304)	73,198
	RECONCILIATION		OF FUNDS
	Total funds brought	forward		364,697	21,868	2,610,577	2,997,142
	TOTAL FUNDS CARRIED FORWARD			514,313	5,754	2,550,273	3,070,340
13.	TANGIBLE FIXED		ASSETS
					Fixtures
				Freehold	and	Motor
				property	fittings	vehicles	Totals
						f.
	COST
	At 1 September 2022			3,235,180	296,662	27,599	3,559,441
	Additions				47,804		47,804
	At 31August 2023			3,235,180	344,466	27,599	3,607,245
	DEPRECIATION
	At 1 September 2022			684,907	223,531	5,383	913,821
	Charge for year			60,547	24,582	3,835	88,964
	At 31August 2023			745,454	248,113	9,218	1,002,785
	NET BOOK VALUE
	At 31August 2023			2,489,726	96,353	18,381	2,604,460
	At 31 August 2022			2,550,273	73,131	22,216	2,645,620

14.	DEBTORS:	AMOUNTS FALLING DUE WITHI	N ONE YEAR
				31.8.23	31.8.22
	Trade debtors				3,159
	Other debtors			1,116	658
	Prepayments	and accrued income		33,827	34,886
				34,943	38,703
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.8.23	31.8.22
	Trade creditors			55,890	63,597
	Social security and other taxes			33,347	30,842
	Other creditors			14,432	16,262
	Accruals and	deferred income		13,647	26,409
				117,316	137,110
16.	MOVEMENT IN FUNDS
				Net
				movement	At
			At 1.9.22	in funds	31.8.23
	Unrestricted	funds
	General fund		514,313	164,167	678,480
	Restricted funds
	Restricted Fund		5,754	13,037	18,791
	Endowment	funds
	Endowment		2,550,273	(60,547)	2,489,726
	TOTAL FUNDS		3,070,340	116,657	3,186,997

Net movement	in funds, included	in funds, included	in the above are as follows:
				Inconung	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General fund				2,600,394	(2,436,227)	164,167
Restricted funds
Restricted Fund				49,733	(36,696)	13,037
Endowment	funds
Endowment					(60,547)	(60,547)
TOTAL FUNDS				2,650,127	(2,533,470)	116,657
Comparatives	for movement	in	funds
					Net
					movement	At
				At 1.9.21	in funds	31.8.22
Unrestricted	funds
General fund				364,697	149,616	514,313
Restricted funds
Restricted Fund				21,868	(16,114)	5,754
Endowment	funds
Endowment				2,610,577	(60,304)	2,550,273
TOTAL FUNDS				2,997,142	73,198	3,070,340

			Incoming	Resources	Movement
			resources	expended	in funds
			E
Unrestricted	funds
General fund			2,389,458	(2,239,842)	149,616
Restricted funds
Restricted Fund			43,244	(59,358)	(16,114)
Endowment	funds
Endowment				(60,304)	(60,304)
TOTAL FUNDS			2,432,702	(2,359,504)	73,198
A current year 12months		and prior year 12months	combined position is as follows:
				Net
				movement	At
			At 1.9.21	in funds	31.8.23
				E
Unrestricted	funds
General fund			364,697	313,783	678,480
Restricted funds
Restricted Fund			21,868	(3,077)	18,791
Endowment	funds
Endowment			2,610,577	(120,851)	2,489,726
TOTAL FUNDS			2,997,142	189,855	3,186,997

		Detailed Statement ofFinancial Activities
		for the Year Ended 31August 2023
			31.8.23	31.8.22
INCOME AND ENDOWMENTS
Donations and legacies
Donations			6,543	7,172
Other trading activities
Rental income			10,575	6,410
Investment income
Deposit account interest			4,695
Charitable activities
Other school income			3,744	3,000
Grants			582,273	514,455
Educational and care services			2,042,297	1,900,578
			2,628,314	2,418,033
Other income
Gain on sale oftangible	fixed assets			1,087
Total incoming resources			2,650,127	2,432,702
EXPENDITURE
Charitable activities
Wages			1,473,921	1,451,812
Social security			135,483	123,878
Pensions			202,904	199,813
Rates and water			29,884	16,983
Insurance			53,712	46,776
Light and heat			36,529	43,884
Postage and stationery			4,153	8,665
Motor expenses			4,973	5,061
Repairs			140,945	81,376
Care standards costs			3,701	734
Teaching costs			214,238	163,107
Catering and accommodation			22,159	15,873
Travel costs			5,662	2,100
Fundraising and publicity			2,989	4,196
PE Equipment			3,402	13,733
Depn offieehold property			60,547	60,304
Depn offixtures 8c fittings			24,582	33,989
Depn ofmotor vehicles			3,835	5,383
			2,423,619	2,277,667

			Detailed Statement ofFinancial Activities
			for the Year Ended 31August 2023
				31.8.23	31.8.22
Support costs
Management
Telephone				4,974	4,]87
Bank charges				1,845	1,576
Subscriptions				11,060	16,183
Recruitment	expenses			6,082	2,148
Redundancy	costs				12,000
Stafftraining				25,244	22,337
Health and safety costs				1,313	212
Cleaning and	laundry	costs		7,982	7,934
Governor training				957	907
Settlement Costs				31,900
				91,357	67,484
Governance	costs
Auditors' remuneration				6,300	5,100
Legal and professional		fees		12,194	9,253
				18,494	14,353
Total resources	expended			2,533,470	2,359,504
Net income				116,657	73,198