## ## ## |CONTENTS|||Page| |---|---|---|---| |Company
information|||| |Trustees'
Report|||2 —11| |Report ofthe independent
auditors|||12-14| |Consolidated
statement|offinancial|activities|15| |Group and Foundation|balance sheets||16| |Consolidated
statement|ofcash flows and notes||17| |Notes to the financial|statements||18-35| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Endowment|Restricted|Total|Total| |---|---|---|---|---|---|---|---| ||||Funds|Funds|Funds|2023|2022| |INCOME AND||Note|||||| |ENDOWMENTS|||||||| |FROM:|||||||| |Charitable
Activities:
Net fees receivable
Other educational
income
Investments
Donations
and Legacies|||1,260,475
26,566
120||18,354,763
1,511,606
197,962
981,806|19,615,238
1,538,172
197,962
981,926|18,877,478
1,377,124
27,582
968,264| |Total Income|||1,287, 161||21,046,137|22,333,298|21,250,448| |EXPENDITURE ON:|||||||| |Charitable
Activities||6|2,145,083|438,232|18,456,938|21,040,253|19,497,676| |Total Expenditure|||2,145,083|438,232|18,456,938|21,040,253|19,497,676| |Net|||||||| |income/(expenditure)
before investment|losses||(857,922)|(438,232)|2,589,199|1,293,045|1,752,772| |Investment
(losses)|||||||(58)| |Net|||||||| |income/(expenditure)
before transfers|||(857,922)|(438,232)|2,589,199|1,293,045|1,752,714| |Transfers||14||855,056|(855,056)||| |Net movement
in funds|||(857,922)|416,824|1,734, 143|1,293,045|1,752,714| |Total funds brought
1 September 2022|forward||3,070,305|12,916,276|13,568,636|29,555,217|27,802,503| |Total
funds
carried|||||||| |forward at
31 August 2023||14|2,212,383|13,333,100|15,302,779|30,848,262|29,555,217| ## ## ## |AT 31 AUGUST 2023||||||| |---|---|---|---|---|---|---| ||||Group||Foundation|| ||||2023|2022|2023|2022| |||Notes||||| |FIXEDASSETS||||||| |Tangible fixed assets||8|29,962,273|24,961,292|3,953,679|4,023,672| |Investments||9||||| ||||29,962,273|24,961,292|3,953,679|4,023,672| |CURRENT ASSETS
Debtors
Cash and cash equivalents||10|535,168
7,512,513|341,476
10,492,107|5,627
284,734|25,156
225,207| ||||8,047,681|10,833,583|290,361|250,363| |CREDITORS: amounts
within
one year|falling due|11|(6,981,692)|(4,831,980)|(2,018,712)|(485,392)| |NET CURRENT ASSETS|||1,065,989|6,001,603|(1,728,351)|(235,029)| |TOTAL ASSETS LESSCURRENT
LIABILITIES|||31,028,262|30,962,895|2,225,328|3,788,643| |CREDITORS: amounts
after more than one year|falling due|12|(180,000)|(1,407,678)||(700,000)| |TOTAL NET ASSETS||13|30,848,262|29,555,217|2,225,328|3,088,643| |UNRESTRICTED FUNDS||14|2,212,383|3,070,305|2,212,383|3,070,305| |RESTRICTED FUNDS||14|15,302,779|13,568,636|12,945|18,338| |ENDOWMENT
FUND||14|13,333,100|12,916,276||| |TOTAL FUNDS|||30,848,262|29,555,217|2,225,328|3,088,643| ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| ||||||Note||| ||Net cash inflow from operations:
Net cash provided
by operations|||||2,297, 197|2,952,986| ||Cash flows from investing
activities:
Income from investments||||||1,495| ||Interest received|||||197,962|26,087| ||Proceeds from sale of investments||||||129,984| ||Payments
to acquire tangible
fixed assets|||||(5,501,397)|(1,344,813)| ||Net cash used in investing
activities|||||(5,303,435)|(1,187,247)| ||Cash flows from financing
activities:
Finance costs|||||(165,123)|(162,162)| ||Bank loan repayments
Bursary Fund loan repayments
New Bursary Fund loan|||||(258,233)
450,000|(488,169)
(500,000)| ||Net cash provided
by/(used
in) financing||activities|||26,644|(1,150,331)| ||Change
in cash and cash equivalents|in|the reporting|period||(2,979,594)|615,408| ||Net cash and cash equivalents
at beginning||ofperiod|||10,492,107|9,876,699| ||Net cash and cash equivalents
at end ofperiod|||||7,512,513|10,492,107| |A.|RECONCILIATION
OF NET MOVEMENT IN FUNDS TO|||||2023|2022| ||NET CASH INFLOW FROM OPERATIONS||||||| ||Net movement
in funds
Depreciation
charges
Loss on investment
Increase in debtors|||||1,293,045
697,898
(193,691)|1,752,714
701,777
58
(113,334)| ||Increase in creditors|||||532,784|477,191| ||Investment
income and interest received|||||(197,962)|(27,582)| ||Finance costs|||||165,123|162,162| ||Net cash inflow from operations|||||2,297,197|2,952,986| |B.|ANALYSIS OF CHANGES IN NET|DEBT
At||1 September||Other|At 31August| |||||2022|Cashflows|Changes|2023| ||Cash and cash equivalents
Cash
Deposit accounts|||2,882, 107
7,610,000|(1,369,594)
(1,610,000)||1,512,513
6,000,000| ||Borrowings
Debt due within one year
Debt due after one year|||10,492,107
(758,233)
(1,380,000)|(2,979,594)
(191,767)|(1,200,000)
1,200,000|7,512,513
(2, 150,000)
(180,000)| |||||(2,138,233)|(191,767)||(2,330,000)| ||Total|||8,353,874|(3,171,361)||5,182,513| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2.|NKT FEES RECEIVABLE||||2023|2022| |---|---|---|---|---|---|---| ||Net fees receivable consist of:|||||| ||Gross fees receivable
Fees given as scholarships
Fees given as bursaries
Fee remission
for staff||||21,563,569
(98,832)
(1,877,072)
(34,640)|20,676,987
(103,536)
(1,718,181)
(71,578)| ||Fee discounts||||(33,250)|| ||||||19,519,775|18,783,692| ||Add: Bursaries paid by restricted||funds||95,463|93,786| ||Payable by parents (net ofscholarships|||and bursaries)|19,615,238|18,877,478| |3.|OTHER EDUCATIONAL|INCOME|||2023|2022| ||School lunch income
Music, Speech and Drama
Educational
income
Registration
fees
Registration
deposits forfeited
Insurance
commissions
Management
fees
Lettings/hire
income
Sundry receipts||||659,950
574,177
124,305
151,910
7,190
1,000
8,995
10,645|610,052
553,657
146,825
27,835
15,489
1,000
22,125
141| ||||||1,538,172|1,377,124| |4.|INCOME FROM INVESTMENTS||||2023|2022| ||Elizabeth
Godolphin
Fund
Deposit interest||||197,962|26,062| ||Prize Fund
Dividends
and interest|||||1,495| ||Other interest|||||25| ||||||197,962|27,582| ## ## ## |5.|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|||2023|2022| |---|---|---|---|---|---|---| ||Unrestricted
Funds:
Other donations||||120|2,120| ||||||120|2, 120| ||Restricted Funds:|||||| ||Elizabeth
Godolphin
Fund
Annual
fund receipts
Godolphin
and Latymer School Bursary Fund
Bursaries —Godolphin
and Latymer School
Bursary Fund —Redcliffe
Prize Fund Donations||||157,250
729,843
69,255
24,708
750|60,000
803,358
69,255
23,531
2,000
8,000| ||Total restricted
funds||||981,806|966,144| ||Total||||981,926|968,264| |6.|ANALYSIS OF TOTAL|EXPENDITURE
Staff costs||Other costs|Depreciation|Total| ||||2023|2023|2023|2023| ||Charitable
Activities:|||||| ||School Operating
Costs:
Prizes
Teaching costs
Welfare costs
Premises
costs
Support and governance
Finance costs|costs|11,661,535
326,090
336,166
2,768,998|8,800
902,278
888,094
2,135,020
1,054,788
165,123|66,272
631,626|8,800
12,630,085
1,214,184
3 102 812
3,823,786
165,123| ||Bursaries from restricted|funds||95,463||95,463| ||||15,092,789|5,249,566|697,898|21,040,253| ||Comparative
analysis|oftotal expenditure
Staff costs||Other costs|Depreciation|Total| ||||2022|2022|2022|2022| ||Charitable
Activities:|||||| ||School Operating
Costs:
Prizes
Teaching costs
Welfare costs
Premises costs
Support and governance
Finance costs|costs|11,011,185
133,146
298,503
2,466, 172|12,700
839,864
884,689
1,962,791
930,901
162,162|30,876
670,901|12,700
11,881,925
1,017,835
2,932,195
3,397,073
162,162| ||Bursaries from restricted|funds||93,786||93,786| ||||13909,006|4,886,983|701,777|19,497,676| ## ## ## ## |
Teaching
costs primarily
follows:|repres|ent
depa|rtmental
an|d related
costs,
Supp|ort
costs can be furthe|r
analysed
as| |---|---|---|---|---|---|---| ||||||2023|2022| |Support and governance
costs ofschooling
Printing
stationery
and postage
Telephone
Advertising
and recruitment
Insurances
Sundry expenses
Legal and professional
Courses and conferences
Governance
costs|||||38,328
23,414
224,030
192,093
249,207
169,336
102,722
55,658|32,952
20,928
181,410
175,450
282,560
94,258
92,631
50,712| ||||||1,054,788|930,901| |Analysis of governance
costs:
Governors
indemnity
insurance
Auditor's
remuneration
—for audit services for the||||School|3,578
52,080|3,312
47,400| ||||||55,658|50,712| |STAFF COSTS|||||2023|2022| |Wages and salaries
Social security costs
Pension contributions
Redundancy
and termination||payments|||11,494,939
1,317,644
2,194,247
85,959|10,560,465
1,239,470
2,089,071
20,000| ||||||15,092,789|13,909,006| |The average number ofpersons employed|||by the group|during the year was:|2023|2022| |Teaching staff
Peripatetic
and support
Temporary
staff|staff||||136
101
8|146
105
2| ||||||245|253| |The number ofemployees
who received remuneration||||off60,000 or greater,|in the following
bands
2023|was:
2022| |660,000 - f70,000
K70,000 - $80,000
680,000 - f90,000
f90,000 - $100,000|||||26
14
4
4|25
10
8| |f100,000 - f110,000|||||1|| |f110,000 - f120,000||||||| |K120,000 - K130,000||||||| |f160,000 - $170,000||||||| |6170,000 - K180,000||||||| |f250,000 - f260,000||||||| |K260,000 - 6270,000||||||| ## ## |NGIBLE FIXEDA|SSETS||||||| |---|---|---|---|---|---|---|---| |GROUP|||||||| |||Leasehold||Fixtures,|||| ||Freehold
Property|Property|Plant &
Machinery|&
Equipment|Assets under
construction|Astro
Turf|Total| |Cost or valuation
At
1 September 2022
Additions
at cost|23,906,833
96,823|8,110,874|355,000|158,314
128,281|1,555,520
5,473,775|412,465|34,499,006
5,698,879| |At 31 August 2023|24,003,656|8,110,874|355,000|286,595|7,029,295|412,465|40,197,885| |Depreciation
At 1 September 2022
Charge for year|6,901,836
454,860|2,032,793
159,014|124,250
17,752|66,370
66,272||412,465|9,537,714
697,898| |At 31 August 2023|7,356,696|2,191,807|142,002|132,642||412,465|10,235,612| |Net BookValue
At 31 August 2023|16,646,960|5,919,067|212,998|153,953|7,029,295||29,962,273| |At 31 August 2022|17,004,997|6,078,081|230,750|91,945|1,555,520||24,961,292| |FOUNDATION|||||||| |||Leasehold||Fixtures,|||| ||Freehold
Property|Property|Plant &
Machinery|&
Equipment|Assets under
construchon|Astro
Turf|Total| |Cost or valuation
At 1 September 2022|2,950,000|1,167,296||48,503|||4,165,799| |Additions
at cost|||||||| |At 31 August 2023|2,950,000|1,167,296||48,503|||4,165,799| |Depreciation
At
1 September 2022
Charge for year|68,762
34,381|40,314
20,160||33,051
15,452|||142,127
69,993| |At 31 August 2023|103,143|60,474||48,503|||212,120| |Net BookValue
At 31 August 2023|2,846,857|1,106,822|||||3,953,679| |At 31 August 2022|2,881,238|1,126,982||15,452|||4,023,672| ## ## ## |FIXEDASSET INVESTMENTS|2023|2022| |---|---|---| |Group
Balance at
1 September
Disposal
Realised loss on sale||130,042
(129,984)
(58)| |Unrealised
gains||| |Balance at 31 August||| ## ||||||Group||Foundation| |---|---|---|---|---|---|---|---| |10.|DEBTORS|||2023|2022|2023|2022| ||School fees|||11,798|3,563|1,555|| ||Prepayments
and accrued income
Other debtors|||484,785
38,585|284,003
53,910|1,559
2,513|20,241
4,915| |||||535,168|341,476|5,627|25,156| |||||Group||Foundation|| |11.|CREDITORS: due within|one year||2023|2022|2023|2022| ||Bank loan (see note 12)
Bursary Fund loan (see note
Fees in advance|12)||2,150,000
314,832|258,233
500,000
527,495|1,650,000|61,804| ||Registration
deposits
Other taxation and social security
Other pensions|||1,300,200
484,653
283,997|1,496,760
321,309
249,999|164,449
42,163|203,760
22,278
18,383| ||Old Dolphins
Association|||121,893|86,148||| ||Text book deposits
Accruals|||393,920
805,948|402,220
317,220|37,352|19,680| ||Other creditors|||936,886|584,018|48,720|45,109| ||Other
creditors
— Godolphin
Latymer School Bursary Fund||and|189,363|88,578|76,028|39,566| ||Amounts
due
to
Godolphin
Latymer School||and||||74,812| |||||6,981,692|4,831,980|2,018,712|485,392| ## ## ## |CREDITO|R|S:|due after|more th|an one year|||||| |---|---|---|---|---|---|---|---|---|---|---| |||||||Group|||Foundation|| |||||||2023|2022|2023||2022| |Old Dolphins||Association|||||27,678|||| |Godolphin
Fund loan|and||Latymer|School|Bursary|180,000|1,380,000|||700,000| |||||||180,000|1,407,678|||700,000| ## ## |SPLITOF|NET ASSETS BETWEEN FUND|S||| |---|---|---|---|---| ||||Net current|| ||||assets and|| |GROUP||Fixed assets|long term debt|Total| |||2023|2023|2023| |Unrestricted|Funds|3,953,679|(1,741,296)|2,212,383| |Restricted Funds||11,995,494|3,307,285|15,302,779| |Endowment|Funds|14,013,100|(680,000)|13,333,100| |Balances at|31 August 2023|29,962,273|885,989|30,848,262| |Contparative|split ofnet assets bet&veen fimds|||| ||||Net current|| ||||assets and|| |GROUP||Fixed assets|long term debt|Total| |||2022|2022|2022| |Unrestricted|Funds|4,023,672|(953,367)|3,070,305| |Restricted Funds||6,583,111|6,985,525|13,568,636| |Endowment|Funds|14,354,509|(1,438,233)|12,916,276| |Balances at|31 August 2022|24,961,292|4,593,925|29,555,217| ## |SPLITOF|NET ASSETSBETW|EEN FUNDS (conti|nued)|| |---|---|---|---|---| ||||Net current|| ||||assets and|| |FOUNDATION||Fixed assets|long term debt|Total| |||2023|2023|2023| |Unrestricted|Funds|3,953,679|(1,741,296)|2,212,383| |Restricted Funds|||12,945|12,945| |Balances at|31 August 2023|3,953,679|(1,728,351)|2,225,328| ||||Net current|| |---|---|---|---|---| ||||assets and|| |FOUNDATION||Fixed assets|long term debt|Total| |||2022|2022|2022| |Unrestricted|Funds|4,023,672|(953,367)|3,070,305| |Restricted|Funds||18,338|18,338| |Balances at|31 August 2022|4,023,672|(935,029)|3,088,643| ## ## ## |14.|FUND MOVEMENTS
IN YEAR
GROUP|FUND MOVEMENTS
IN YEAR
GROUP|Balance at
1 September
2022|Income|Expenditure|Transfers 4
investment
gains/(losses)|Balance at
31August
2023| |---|---|---|---|---|---|---|---| ||Unrestricted
funds||3,070,305|1,287, 161|(2,145,083)||2,212,383| ||Restricted
funds||||||| ||Godolphin
and Latymer School:
Elizabeth Godolphin
Fund
Designated —Annual
Fund
Prize fund
Elizabeth
Crane Fund||11,214,837
2,206,308
113,486
15,667|20,221,581
729,843|(18,348,032)
(8,800)|(855,056)|12,233,330
2,936,151
104,686
15,667| ||Bursary Fund
Bursaries|||69,255
24,708|(69,255)
(24,708)||| ||Foundation:||||||| ||Bursary Fund -Redcliffe
Travel grant fund
Curriculum
enrichment
Fund
Alumnae
Programme
(70'"Gala)
Wellbeing
programme
(70'"Gala)
Lego coding and science equipment||750
2,637
1,637
5, 154
5,154
3,006|750|(1,500)
(1,637)
(3,006)||2,637
5,154
5, 154| ||||13,568,636|21,046,137|(18,456,938)|(855,056)|15,302,779| ||Endowment
Funds||12,916,276||(438,232)|855,056|13333 100| ||||29,555,217|22,333,298|(21,040,253)||30,848,262| ||Comparative fitnrl movements
GROUP|in year|Balance at
1 September
2021|Income|Expenditure|Transfers 4
investment
gains/(losses)|Balance at
31 August
2022| ||Unrestricted
funds||3,552, 103|1,193,910|(1,675,708)||3,070,305| ||Restricted
funds||||||| ||Godolphin
and Latymer School
Elizabeth Godolphin
Fund
Designated —Annual
Fund
Prize fund
Elizabeth
Crane fund||10,326,292
1,409,950
115,749
15,667|19,148,899
803,358
9,495|(17,272,185)
(7,000)
(11,700)|(988,227)|11,214,779
2,206,308
113,544
15,667| ||Bursary Fund
Bursaries|||69,255
23,531|(69,255)
(23,531)||| ||Foundation:
Bursary Fund —Redcliffe
Travel grant fund
Curriculum
enrichment
fund
Alumnae
programme
(70+Gala)
Wellbeing
programme
(70'"Gala)
Lego coding and science||750
2,637
1,637
5, 154
5, 154
3,006|2,000|(2,000)||750
2,637
1,637
5, 154
5, 154
3,006| ||equipment||||||| ||||11,885,996|20,056,538|(17,385,671)|(988,227)|13,568,636| ||Endowment
Funds||12,364,404||(436,297)|988,169|12,916,276| ||||27,802,503|21,250,448|(19,497,676)|(58)|29,555,217| ## ## ## |FUND MOVEMENT|S|IN YE|AR (C|ontinued)||||| |---|---|---|---|---|---|---|---|---| |FOUNDATION||||Balance at
1 September
2022|Income|Expenditure|Transfers 4
investment
gains/(losses)|Balance at
31August
2023| |Unrestricted
funds||||3,070,305|1,287, 161|(2, 145,083)||2,212,383| |Restricted
funds||||||||| |Bursary fund -Redcliffe
Travel grant fund||||750
2,637|750|(1,500)||2,637| |Curriculum
enrichment||fund||1,637||(1,637)||| |Alumnae
Programme
Wellbeing
programme|(70'"Gala)
(70'"Gala)|||5, 154
5,154||||5,154
5, 154| |Lego coding and science||||3,006||(3,006)||| |equipment||||||||| |||||18,338|750|(6,143)||12,945| |Endowment
funds||||||||| |||||3,088,643|1,287,911|(2,151,226)||2,225,328| |Compnrnti
vefund ntovements|||in yenr|||||| |FOUNDATION||||Balance at
1 September
2021|Income|Expenditure|Transfers 4
investment
gains/(losses)|Balance at
31August
2022| |Unrestricted
funds||||3,552, 103|1,193,910|(1,675,708)||3,070,305| |Restricted
funds
Bursary fund -Redcliffe
Travel grant fund
Curriculum
enrichment
fund
Alumnae
Programme
(70~Gala)
Wellbeing
programme
(70~Gala)
Lego coding and science||||750
2,637
1,637
5,154
5,154
3,006|2,000|(2,000)||750
2,637
1,637
5, 154
5, 154
3,006| |equipment||||||||| |||||18,338|2,000|(2,000)||18,338| |Endowment
funds||||||||| |||||3,570,441|1,194,910|(1,676,708)||3 088 643| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Total pension c|ontrib|utions
made in the year are analysed
as follow|s:|| |---|---|---|---|---| ||||2023|2022| |Total contributions||during the year were:||| |Teaching staff
Non-teaching|staff||1,743,695
450,552|1,670,200
418,871| ||||2,194,247|2,089,071| ## ## ## ## ## |OMPARATIVE
C|ONSOLI|DATED|OF FINANCIA|L ACTIVITIE|S|| |---|---|---|---|---|---|---| ||||Unrestricted|Endowment|Restricted|Total| ||||Funds|Funds|Funds|2022| |INCOME AND||Note||||| |ENDOWMENTS||||||| |FROM:||||||| |Charitable
Activities:||||||| |Net fees receivable|||1,135,295||17,742,183|18,877,478| |Other educational|||56,470||1,320,654|1,377,124| |income||||||| |Investments|||25||27,557|27,582| |Total Income|||1,193,910||20,056,538|21,250,448| |EXPENDITURE ON:||||||| |Charitable
Activities|||1,675,708|436,297|17,385,671|19,497,676| |Total Expenditure|||1,675,708|436,297|17,385,671|19,497,676| |Net||||||| |income/(expenditure)||||||| |before investment|losses||(481,798)|(436,297)|2,670,867|1,752,772| |Investment
(losses)|||||(58)|(58)| |Net||||||| |income/(expenditure)||||||| |before transfers|||(481,798)|(436,297)|2,670,809|1,752,714| |Transfers||14||988,169|(988,169)|| |Net movement
in funds|||(481,798)|551,872|1,682,640|1,752,714| |Total funds brought|forward|||||| |1 September 2021|||3,552, 103|12,364,404|11,885,996|27,802,503| |Total funds carried||||||| |forward at||||||| |31 August 2022||14|3,070,305|12,916,276|13,568,636|29,555,217| ## ## ## |

registered
in 1977(charity number: 312699)and has a year end of3
Financial Activities
and Balance sheet are given below:|1 August.
A summary
ofthe|Statement of| |---|---|---| |Statement ofFinancial Activities|2023|2022| |Income||| |Net fees receivable|18,354,763|17,742,183| |Other Educational
Income|1,511,606|1,320,654| |Investments|197,962|27,557| |Donations
and legacies|981,056|964,144| ||21,045,387|20,054,538| |E~xeeditere||| |Charitable
Activities|18,889,027|17,819,968| |Investment
(loss)/gain||(58)| |Net movement
in funds|2,156,360|2,234,512| |Total funds bought forward|26,466,574|24,232,062| |Total funds carried forward|28,622,934|26,466,574| |Balance Sheet||| |Tangible fixed assets
Debtors|26,008 594
532,054|20,937,620
391,131| |Cash in hand and at bank|7,227,779|10,266,900| |Creditors: Amounts
falling due within one year
Creditors: Amounts
falling due after more than one year|(4,965,493)
(180,000)|(4,421,399)
(707,678)| |Net Assets|28,622,934|26,466,574| |Unrestricted
Funds|15,169,481|13,421,145| |Restricted Funds|120,353|129,153| |Endowment
Fund|13,333,100|12,916,276| |Accumulated
Funds|28,622,934|26,466,574|