2022-08-31-accounts

	Pages
Governorsandcompanyinformation	1-2
Governors’report	3-12
Independentauditors’report	13-16
Statementoffinancialactivities	17
Balancesheet	18
Statementofcashflows	19
Accountingpolicies	20-23
Notestofinancialstatements	24-35

Governors		MrM AL RobbChair1%*September2021(resigned3 May2022)	MrM AL RobbChair1%*September2021(resigned3 May2022)
TheGovernorsofStJohn’sSchool		MrsL Cavanagh
aredirectorsoftheCharitableCompany		MrS Everson
andtrusteesoftheCharity.		MrsE K Fenwick
		MrJCFowler(InterimChair3°May2022)
		MrP R Henson
		MrPRMacDougall
		MrMA Neil(appointed7*July2022)
		MrRAD Sullivan
		MrsN Walker
		Mr WR Wallace(appointed18"May2022)
Headmaster		MrM S Robinson,	BSc(retired31%August2022)
Head		Mr TJenkin(appointed1*September2022)
Bursar		MrN E StoneMA(resigned19*August2022)
		MrsC Demetriades	(appointed1 February2023)
Companysecretary		MrNE StoneMA(resigned19"August2022)
		MrsC Demetriades	(appointed1 February2023)
Registeredoffice	.	‘PotterStreetHill
		Northwood
		Middlesex
		HA63QY
Registerednumbers		Companyregistrationnumber:3411518
		‘Charityregistration	number:1063738
Auditors		SafferyChampness	LLP
		71QueenVictoria	Street
		London	.
		EC4V4BE
Bankers		BarclaysBankPlc
		62-64HighStreet
		Watford
		Hertfordshire
		WD172BT
Solicitors		CharlesRussellSpeechly
		5FleetPlace
		London
		EC4M7RD

insurance	brokers		MarshLimited
			CapitalHouse
			1-5PerrymountRoad
			HaywardsHeath
			WestSussex
			RH163SY
Investment	fund	manager	RathboneBrothersPlc
			8FinsburyCircus
			London
			EC2M7AZ

2015	WaterAid	£20,000
2016	GreatOrmondStreetHospital	£15,000
2017	PHAB(Peoplehaveability)	£11,000
2018	Whizz-kidz	£16,857
2019	MagicBreakfast	£10,819
2020	PlaySkill	£6,749
2021	PlaySkill	£6,065
2022	Place2be	£3,291

		Unrestricted	Restricted	2022	2021
		funds	funds	Total	Total
				funds	funds
	Notes	£	£	£	£
Incomefrom
Charitableactivities
Schoolfeesreceivable	2	5,382,043	-	5,382,043	5,026,875
Registration/feesinsurancediscount	3a	24,288	-	24,288	22,289
Otherancillaryincome- music	3b	11	-	11	140
Othertradingactivities
Otherancillaryincome— rents/lettings	3c	27,984	-	27,984	15,313
Otherancillaryincome	3d	9,912	-	9,912	18,405
GovernmentGrant	3e	-	-	-	34,908
Interestreceivable	3f	1,986	-	1,986	260
Investments	3f	84,863	-	84,863	70,484
DonationsfromMTCompany	3g	25,893	-	25,893	30,810
TotalIncome		5,556,980	-	5,556,980	5,219,484
Expenditureon
Raisingfunds
Bankinterest	5	3,295	-	3,295	2,695
Investmentmanagement	5	11,018	-	11,018	9,273
		14,313	-	14,313	11,968
Charitableactivities
Schoolandgrant-making		5,396,960	-	5,396,960	5,014,879
Totalexpenditure	5	5,411,273	-	§,411,273	5,026,847
Netincomebeforeinvestments		145,707	-	145,707	192,637
(Loss)/gainoninvestments		(164,799)	-	(164,799)	360,776
Netincomé/expenditure		(19,092)	-	(19,092)	553,413
Transferbetweenfunds	6	1,250	(1,250)	-	-
Netmovementinfunds		(17,842)	(1,250)	(19,092)	553,413
Fundbalancesat1 September2021		7,894,342	2,500	7,896,842	7,343,429
Fundbalancesat31August2022		7,876,500	1,250	7,877,750	7,896,842
Thenotesonpages24to35formpartof	thesefinancial	statements.

			2022		2021
	Notes		£		£
Fixedassets
Investments			2,555,967		2,646,921
Tangiblefixedassets			4,296,277		4,447,173
			6,852,244		7,094,094
Currentassets
Stocks		8,434		5,287
Debtors	10	58,074		89,073
Cash		1,586,430		1,251,123
		1,652,938		1,345,483
Creditors:duewithinone
Year	11	503,432		416,335
Netcurrentassets			1,149,506		929,148
Totalassetslesscurrent
liabilities			8,001,750		8,023,242
Creditors:dueaftermore
thanoneyear	12		124,000		126,400
Totalnetassets	13		7,877,750		7,896,842
Restrictedfunds	13a		1,250		2,500
Unrestrictedfunds
Designatedandgeneral
funds	13b		7,876,500		7,894,342
Totalfunds	13		7,877,750		7,896,842

			2022		2021
	Notes	£	£	£	£
Netcashflowsfrom
operatingactivities:	14		592,093		81,890
Cashflowsfrominvesting
activities:
Investmentincome		86,849		70,744
Purchaseofproperty,plant
andequipment		(281,528)		(715,223)
Proceedsfromsaleof
investments		272,571		159,042
Purchaseofinvestments		(597,111)		(388,101)
Proceedsfromsaleofassets		-		-
Netcashusedininvesting
activities			(519,219)		(873,538)
Cashflowsfromfinancing
activities
Movementinfinaldeposits		(2,800)		1,300
Netcash(out)/infinancing			(2,800)		1,300
activities
Changeincashandcash
equivalentsinthereporting
period			70,074		(790,348)
Cashandcashequivalentsb/f	15		1,595,657		2,386,005
Cashandcashequivalentsat
31August	15		1,665,731		1,595,657

Buildingandleaseholdimprovements	over20years
Furnitureandequipment	over10years
Machineryandmotorvehicles	over4 years
Computerhardware	over4 years

2.	School	fees
				2022 £		2021 £
		Theschool’sfeeincomecomprised: Grossfees Less:SpringTermDiscounts		5,472,010	-	5,367,225 (253,495)
		Less:Totalbursaries,grantsandallowances		(89,967)		(86,855)
				5,382,043		5,026,875
3.	Other	income
				2022 £		2021 £
		Othereducationalcharitableactivities Registrationfees Feesinsurancediscount		17,300 6,988		14,400 7,889
				24,288		22,289
	oo2ne	Otherancillaryincome Musicincome Rentandlettings Depositsforfeitedandothermiscellaneous Governmentgrant	income ,	14 27,984 9,912	-	140 15,313 18,405 34,908
				37,907		68,766
		Interestreceivable Bankinterestreceivable Interestonlatefees		1,852 134		260	-
		Investmentincome		84,863		70,484
				86,849		70,744
		CompanyIncome		25,893		30,810

4,	Expenditure	Expenditure
			2022	2021
			£	£
		Charitableactivityexpenditureincludes:
	a.	Interestpayable	3,295	2,695
		Supportcostsincludes:
	b.	Auditors’remunerationforauditservices	8,065	8,040
		Totalstaffcostscomprised:
		Wagesandsalaries	2,789,786	2,711,675
		Socialsecuritycosts	305,410	278,045
		Pensioncontributions	544,787	534,747
		TerminationCosts	86,693	-
			3,726,676	3,524,467
		Thenumberofhigherpaidemployeeswas:
		£60,001- £70,000	2	2
		£70,001- £80,000	2	3
		£80,001- £90,000	1	1
		£130,001- £140,000	1	1
		£160,001- £170,000	1	-

Employees:fulltimeequivalent	Number	Number
Teaching— fulltime	30	30
Teaching— parttime	4	3
Administration,technicians,estate andmaintenance
Staff —fulltime	23	24
Staff— parttime	8	8
	65	65

5.	Analysisofexpenditure
		Staff		Other	Depreciation		Total
		costs		costs			2022
		£		£	£		£
	Costsofraisingfunds
	Investmentmanagementfees		-	11,018		-	11,018
	Bankinterestcharges		-	3,295		-	3,295
			-	14,313		-	14,313
	Charitableactivities
	Teaching	2,962,872		396,005		-	3,358,877
	Welfare	129,816		128,032		-	257,848
	Premises	280,671		500,886	299,091		1,080,648
	Supportcostsofschooling	353,318		212,936	133,333		699,587
		3,726,677		1,237,859	432,424		5,396,960
	Totalresourcesexpended	3,726,677		1,252,172	432,424		5,411,273

	Staff	Other	Depreciation	Total
	costs	costs		2021
	£	£	£	£
Costsofraisingfunds
Investmentmanagementfees	-	9,273	-	9,273
Bankinterestcharges	-	2,695	-	2,695
	-	11,968	-	11,968
Charitableactivities
Teaching	2,901,139	284,319	-	3,185,458
Welfare	126,835	69,888	-	196,723
Premises	276,939	451,456	316,701	1,045,096
Supportcostsofschooling	254,462	181,866	151,274	587,602
School’soperatingcosts	3,559,375	987,529	467,975	5,014,879
Totalresourcesexpended	3,559,375	999,497	467,975	5,026,847

Schoolhasbeentransferredfromtherestrictedfundas	under:
	2022	2021
	£	£
Pre-preparatoryrefurbishment	1,250	1,250
	1,250	1,250

7.	Fixedassetinvestments
			Investments
		2022	2021
		£	£
	At1 September	2,302,387	1,722,830
	Additionsatcost	597,111	388,101
	Disposals	(272,571)	(159,042)
	Unrealisedgainsandlosses	(150,261)	350,498
	At31August	2,476,666	2,302,387
	Addcash	79,301	344,534
		2,555,967	2,646,921
	Historicalcostofinvestments	2,110,679	2,023,362
	Quotedinvestmentsaremadeupasfollows
	UKequities	943,513	1,110,885
	UKbonds	170,531	195,411
	Overseasbonds	82,920	69,057
	Overseasequities	912,009	645,923
	Otheroverseas	-	281,111
	OtherUK	367,693	-
	Cash	79,301	344,534
		2,555,967	2,646,921

		Buildingsand	Assetsunder	Plant.and	Furniture	Total
		leasehold	construction	motor	and	2022
		improvements	£	vehicles	equipment
		£		£	£	£
	Costsorrevaluation
	1September2021	8,314,014	-	245,783	2,205,961	10,765,758
	Additions	156,258	-	-	125,270	281,528
	Disposals	-	-	-	-		-
	Transfers	-	-	-	-		-
	31August2022	8,470,272	-	245,783	2,331,231	11,047,286
	Depreciation
	1September2021	4,218,057	-	223,828	1,876,700	6,318,585
	Chargeforyear	299,093	-	6,375	126,956	432,424
	Disposals	-	-	-	-		-
	31August2022	4,517,150	-	230,203	2,003,656	6,751,009
	Netbookvalue
	31August2022	3,953,122	-	15,580	327,575	4,296,277
	31August2021	4,095,957	-	21,955	329,261	4,447,173
9.	Stock
					2022	2021
					£	£
	Consumables				2,097	2,097
	Goodsforresale				6,337	3,190
					8,434	5,287
10.	Debtors
					2022	2021
					£	£
	Tradedebtors				3,081	6,222
	Prepaymentsand	accruedincome			40,906	49,236
	Relatedpartydebtors				5,850	8,550
	Otherdebtors				8,237	25,065
					58,074	89,073

		2022	2021
		£	£
	Finaltermdeposits	14,000	14,400
	Relatedparty	7,159	240
	Tradecreditors	400	13,993
	Schoolfeesinadvance	218,014	207,316
	Accrualsanddeferredincome	56,301	39,649
	Othercreditors	207,558	140,737
		503,432	416,335
12.	Creditors:dueaftermorethanoneyear
		2022	2021
		£	£
	Finaltermdeposits:
	Within1 to2 years	27,600	29,200
	Within2 to5 years	46,000	44,400
	After5 years	50,400	52,800
		124,000	126,400
	Finaltermdeposits:
	Within1 year	14,000	14,400
		138,000	140,800

	Fixed	Netcurrent	Longterm	Total
	assets	assets	liabilities	2022
	£	£	£	E
Restrictedfunds	1,250	-	-	1,250
Unrestrictedand
designatedfunds	6,850,994	1,149,506	(124,000)	7,876,500
	6,852,244	1,149,506	(124,000)	7,877,750

	Fixed	Netcurrent	Long-term	Total
	assets	assets	liabilities	2021
	£	£	£	£
Restrictedfunds	2,500	-	-	2,500
Unrestrictedand
designatedfunds	7,091,594	929,148	(126,400)	7,894,342
	7,094,094	929,148	(126,400)	7,896,842

	Balance	Net		Transfers	Balance
	1Sep-	Incoming	Resources	between	31-Aug-
	2021	resources	expended	funds	2022
	£	£	£	£	£
GovernmentGrant	-	-	-	-	-
Pre-preparatory
refurbishment	2,500	-	-	(1,250)	1,250
	2,500	-	-	(1,250)	1,250

	Balance		Net				Transfers		Balance
	1-Sep-		incoming		Resources		between		31-Aug-
	2020		resources		expended		funds		2021
Government
Grant		-	34,908		(34,908)			-		-
Pre-
preparatory
refurbishment	3,750			-		-	(1,250)		2,500
	3,750		34,908		(34,908)		(1,250)		2,500

	Balance	Incoming	Resources	Othergains	Transfers		Balance
	1-Sep-2021	resources	expended	andlosses	betweenfunds		31-Aug-2022
	£	£	£	£	E£		£
Designated-
Bursaryfund	1,026,155	33,060	(4,191)	(102,341)		-	952,683
Generalreserve	6,868,188	5,523,919	(5,407,082)	(62,458)	1,250		6,923,817
	7,894,343	5,556,979	(5,411,273)	(164,799)	1,250		7,876,500

	Balance	incoming	Resources	Othergains	Transfers	Balance
	1-Sep-2020	resources	expended	andlosses	betweenfunds	31-Aug-2021
	£	£	£	£	£	£
Designated-
Bursaryfund Generalreserve	816,404 6,523,275	40,888 5,143,688	(3,787) (4,988,152)	172,529 188,247	120 1,130	1,026,154 6,868,188
	7,339,679	5,184,576	(4,991,939)	360,776	1,250	7,894,342

	2022	2021
	£	£
Net(outgoing)/incomingresources	(19,092)	553,413
Depreciation	432,424	467,975
investmentIncome	(86,848)	(70,744)
Loss/(gain)oninvestments	150,261	(350,498)
Increaseinoperatingcreditorsandaccruals	87,497	(501,870)
(Increase)/decreaseindebtors	30,999	(16,498)
Decreaseinstocks	(3,147)	112
	592,094	81,890

andandbuildings:
	2022	2021
	£	£
Operatingleaseswhichexpire:
Inlessthan1 year	234,000	234,000
Twotofiveyears	936,000	936,000
Inmorethan5 years	195,000	429,000
	1,365,000	1,599,000

	Unrestricted	Restricted	2021
	funds	funds	Total
			funds
	£	£	£
incomefrom
Charitableactivities
Schoolfeesreceivable	5,026,875	-	5,026,875
Registration/feesinsurancediscount	22,289	-	22,289
Otherancillaryincome- music	140	-	140
Othertradingactivities
Otherancillaryincome— rents/lettings	15,313	-	15,313
Otherancillaryincome	18,405	-	18,405
GovernmentGrant		34,908	34,908
Interestreceivable	260	-	260
Investments	70,484	-	70,484
DonationsfromMTCompany	30,810	-	30,810
TotalIncome	5,184,576	34,908	5,219,484
Expenditureon
Raisingfunds
Bankinterest	2,695	-	2,695
Investmentmanagement	9,273	-	9,273
	11,968	-	11,968
Charitableactivities
Schoolandgrant-making	4,979,971	34,908	5,014,879
Totalexpenditure	4,991,939	34,908	5,026,847
Netincomebeforeinvestments	192,637	-	192,637
Gainoninvestments	360,776	-	360,776
Netincome/expenditure	553,413	-	553,413
Transferbetweenfunds	1,250	(1,250}	-
Netmovementinfunds	554,664	(1,250)	553,413
Fundbalancesat1 September2020	7,339,679	3,750	7,343,429
Fundbalancesat31August2021	7,894,342	2,500	7,896,842

	2020/2021	2021/2022	2021/2022
	Results£	Plan“B”£	Results£
Income
Unitfee(Prep)	16,020	16,340	16,340
Unitfee(Pre-prep)	14,900	15,190	15,190
Pupils(Prep)avge	220	221	220
Pupils(Pre-prep)avge	108	107	108
Pupils(Nursery)avge	20	20	20
Schoolfees	5,367,225	5,462,000	5,472,010
Registrationfees	14,400	12,000	17,300
Otherincome	76,915	60,000	46,881
MerchantTaylor’sCompany	30,810	15,000	25,893
Grossincome	5,489,350	5,549,000	5,562,084
Summer/SpringTermVariation	(253,495)	-	-
Staffdiscounts	(26,492)	(30,000)	(21,018)
Siblingdiscounts	(1,379)	(4,000)	(1,635)
Totaldiscounts	(281,366)	(34,000)	(22,653)
Netincome	5,207,984	5,515,000	5,539,431
Expenditure
Tuition	3,185,458	3,543,000	3,358,877
Catering	196,723	258,000	257,848
Building/grounds	728,395	815,000	781,557
Administration	405,727	518,000	540,310
RathbonesManagementCharge	9,273	15,000	11,018
MerchantTaylors’CompanyCharge	30,601	25,000	25,943
Bankcharges/interest	2,695	6,000	3,295
Totalrevenueexpenditure	4,558,872	5,180,000	4,978,848
Bursaryfunding	(58,984)	(109,000)	(67,315)
DisposalofAsset
Baddebts	-	(20,000)	-
Realised/Unrealised	360,776	-	(164,799)
Revenuesurplus	301,792	(129,000)	(232,114)
TradingSurplus/Deficit	950,904	206,000	328,469
Investmentincome	70,484	41,000	84,863
Surplus/Deficit	1,021,388	247,000	413,332
Depreciation	467,975	492,000	432,424
SurplusperSOFA	553,413	(245,000)	(19,092)

		2021/2022		2021/2022
		Plan“A”		Results
Tuition
Teachingremuneration	3,011,000		2,955,339
Sciencelabs	11,000		10,737
DesignandTechnology	32,000		26,502
informationTechnology	166,000		162,482
Library	3,000		428
Teachingdepartments Pre-prep/Nursery	45,000 22,000		38,454 18,146
Equipmentgeneral	2,000
Schoolmagazine Promotionalladvertising	15,000 21,000		9,900 17,155
Personalaccidentinsurance	6,000		4,073
Generaltuitionexpenses	74,000		21,905
ActivityWeeks	44,000		36,000
Gamesexpenses	70,000		57,756
Afterschool/Nursery/other
		3,522,000		3,358,877
Catering
Wages Foodandoverheads	119,000 139,000		128,937 128,911
		258,000		257,848
Buildingsandgrounds
Rent	234,000		234,000
Rates Heatandlight	45,000 60,000		46,591 50,790
Grounds/gardenwages	126,000		121,605
Grounds—materials Maintenance— wages Maintenancemats/works Cleaningwages	43,000 79,000 143,000 67,000		30,616 74,555 125,619 83,140
Cleaningmaterials/refuse	18,000		14,641
		815,000		781,557
Administration
Salaries	185,000		273,241
Pensioncharges	6,000.		3,452
Printingandstationery	33,000		36,424
Telephoneandpostage Insurance Prof/inter-companycharges	10,000 37,000 218,000		5,269 24,283 165,404
Equipment	8,000		194
Generalexpenses	33,000		24,651
ISIinspection TravelSubsidy	10,000 3,000		5,142 2,250
Centenary(2020)			90
Bankcharges/loaninterest	21,000		3,295
		564,000		543,605
		5,159,000		4,941,887
		ee		eed