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2022-08-31-accounts

Page
Directors' report
Company information
Reference and Administrative Infor mation
Structure, Governance
and		 Management
Objectives and Activities
Strategies and Policies Supporting the Charitable Objects
Strategic Report
Review ofAchievements and Performance for the Year
Public Benefit l7
Financial
Review and Results for 202I/22		 20
Principal
Risks and Uncertainties		 21
Going Concern 25
Future Plans 26
Directors' Responsibilities
Statement		 27
Independent auditor's report 28
Statutory financial statements
ofthe Company		 32
Notes to the financial statements

2022 2021
Energy consumption used to calculate emissions (kWh) 7,331,913 7,598,834
Energy consumption break down (kWh):
~ gas 4,955,618 5,556,364
~ electricity 1,752,356 I,635,306
~transport
fuel		 623,940 407,164
Scope
I emissions		 in metric tonnes CO2e
~gas 907.67 1017.7
~transport
fuel		 180.54 I
I6.07
Total Scope
I		 10&8.21 I 133.77
Scope 2 emissions in metric tonnes CO2e
~ Purchased
electricity		 372.08 347.22
Scope 3 emissions in metric tonnes CO2e
~ Business travel in employee
owned vehicles		 0.15 0.08
~ Business travel by taxi 1.48 0.83
Total scope 3 1.64 0.91
Total gross emlssions
in		 metric tonnes CO2e 1,461.93 1,481.9I
Intensity ratio: Emlsslons in tonnes CO2e per pupil I.I94

Unrestricted Restricted Total Total
Notes Funds Funds Endowed 2022 2021
F000 F000 OOOO e000 e000
Income and endowments from:
Charitable
Activities
School fees receivables 27,968 27,968 24,500
Ancillary trading income 1,505 1,505 1,321
Other trading activities
Non-ancillary
trading income		 108 108 42
Investments
Bank and other interest
Other - Grants and donations
Grants and donations 21 15 150 I86 519
Other incoming
resources		 31 31 65
TOTAL INCOME 29,641 15 150 29,806 26,447
Expenditure
on:
Raising funds
Non-ancillary
trading		 848 615
Financing costs 136 I36 98
Fundraising
and Development		 61 61 71
TOTAL RAISING FUNDS sa) 1,045 1,045 784
Charitable
Activities
Education
and grant making		 sa) 26,175 26, 175 24,827
TOTAL EXPENDITURE 27,220 27,220 25,611
Unrealised
gains on investment		 assets 14 (118) ( I IS) 383
Net income 2,421 15 32 2,468 1,219
Transfers
between
funds		 23 (258} 258
Net Movement
in funds forthe year		 2,163 273 32 2,468 1,219
Fund balances at
I September		 31,963 4,452 669 37,084 35,865
FUND BALANCES ASAT 31 AUGUST 34,I26 4,725 70 I 39,552 37,084

Unrestricted Restricted Total Total
Notes Funds Funds Endowed 2022 2021
8000 8000 f.'000 il'000 8000
Income and endowments from:
Charitable
Activities
School fees receivables 27,968 27,968 24,500
Ancillary trading income 1,505 1,505 1„321
Other trading activities
Non-ancillary
trading income		 20 20 20
Investm ents
Bank and other interest 8
Other - Grants and donations
Grants and donations 45 15 150 210 532
Other incoming
resources		 30 30 65
TOTAL INCOME 29,576 15 150 29,741 26,438
EXPENDITURE ON:
Raising funds
Financing costs 134 134 95
Fundraising
and Development		 61 61 71
TOTAL RAISING FUNDS ab) 195 195 166
Charitable
Activities
Education
and grant making		 sb) 26,946 26,946 25,43$
TOTAL EXPENDITURE 27,141 27,141 25,61)2'
Unrealised
gains on investment		 assets 14 (118) (118) 3II3
Net income 2,435 15 32 2,482 1,219
Transfers
between
funds		 (258) 258
Net Movement
in funds forthe year		 2,177 273 32 2482 1,219
Fund balances at
I September		 31,823 4,452 669 361944 35,725
FUND BALANCES ASAT 31 AUGUST 34,000 4,725 701 39,426 36,944

Group Charity
Total 2022 Total 2021 Total 2022 Total 2021
Notes @000 f.'000 E'000 6'000
FIXEDASSETS
Tangible assets 13 49,156 46,378 49,008 46,268
Securities
Investments		 14 2,229 2,206 2,229 2,206
51,385 48,584 51,237 48,474
CURRENT ASSETS
Stock 24 24
Debtors 15 574 428 733 397
Cash at bank and in hand 3,483 2,405 3332 2,356
4,081 2,840 4,089 2,760
CURRENT LIABILITIES
Creditors
payable within one year		 is (I1,299) (8,127) (Il,285) (8,077)
NET CURRENT LIABILITIES (7,218) (5,287) (7,I96) (5,317)
TOTAL ASSETSLESSCURRENT LIABILITIES 44,167 43,297 44,041 43,157
LONG TERM LIABILITIES
Creditors
payable after one year		 (4,599) (6,096) (4,599) (6,096)
TOTAL NET ASSETSEXCLUDING PENSION
39,568 37,201 39,442 37,061
LIABILITY
Net pension
liability		 26 (16) (117) (I6) (117)
NET ASSETS 39,552 37,084 39,426 36,944
REPRESENTED BY:
CALLED UP SHARE CAPITAL 22
ENDOWED FUNDS 23 701 669 701 669
RESTRICTED FUNDS 23 4,725 4,452 4,725 4,452
UNRESTRICTED FUNDS
General reserve 23 34,126 31,963 34&000 31,823
39,552 37,084 39,426 36,944

Statement ofcash flow
2022 2021
K'000 it'000
Cash flows from operating
activities:
Net cash provided by (used in) operating activities 6,532 3,162
Cash flows from investing
activities:
Proceeds from the sale ofproperty,
plant		 and equipment
Purchase ofproperty,
plant and equipment		 (4, 155) (4,095)
Purchase ofinvestments (I4I) (242)
Net cash provided
by (used in) investing		 activities (4,288) (4,329)
Cash flows from financing
activities:
Repayments
ofborrowing		 (1,166) (49)
Cash inilows from new borrowing
Net cash provided
by (used in) financing		 activities (I,I66) (49)
Change
in cash and cash equivalents		 in the reporting period 1,078 (1,216)
Cash and cash equivalents
at the beginning		 ofthe reporting period 21405 3,621
Cash and cash equivalents
at the end		 ofthe reporting period 3,483 2,405
Reconciliation ofnet income/(expenditure) to net cash flow from operating activities
2022 2021
IE'000 6'000
Net incomei(expenditure)
forthe reporting period (as per the statement of
financial
activities)		 2,468 1,219
Adjustments
for.
Depreciation
charges		 1,377 1,281
(Gains)/losses
on investments		 I I8 (383)
Loss/(profit)
on the sale offixed assets		 (8) 82
(increase)/decrease
in stocks		 (I7)
(Increase)/decrease
in debtors		 (I46) 236
Increase/(decrease)
in creditors		 2,740 723
Net cash provided
by (used in) operating		 activities 6,532 3,162
Analysis ofcash and cash equivalents
Cash in hand 3,483 2,405
Total cash and cash equivalents 3,483 2,405

Other non.
cash
At I Sept 202 I Cash flows changes At 3 I Aug 2022
OOOO IE'000 f'000 6'000
Cash and cash equivalents
Cash 2,405 l,078 3,483
2,405 l,078 3,483
Borrowings
Loans falling due within one year (I,l50) (I,I 50)
Loans falling due after more than one year (3,850) 1,050 (2,800)
(5,000) l,050 (3,950)
Total (2,595) I,078 l,050 (467)

2022 2021
POOO 8000
The school fees income comprises:
Gross fees 31,430 27,839
Less: Total scholarships, bursaries, etc. (3,462) (3,339)
27,968 24,500

2022 2021
K'000 6'000
Extras 500 503
Entrance fees and registration fees 93
Pupil transport 403 249
Rent receivable and other sales 39 4I
Commissions and other income 37 42
Sundry other income 433 412
1,505 1,321

2022 2021
6'000 6'000
Non-ancillary
trading income
Lettings income 19 19
Interest receivable —pupil bills
Company 20 20
Hurst Facilities Limited (note 27) 88
Group 108

Total Total
Unrestricted Restricted Endowed 2022 2021
8000 f.'000 iE'000 f.'000 6'000
Bank interest
Other interest
Group
Other interest
Company

THER —G RANTS AND D ONATIONS
Total Total
Unrestricted Restricted Endowed 2022 2021
8000 8000 8000 IE'000 8000
Endowment Fund donations 150 ISO 90
General donations 21 21 51
Legacies IS 50
Government grants CJRS 328
Group 21 15 150 186 519
Gift aid donation: Hurst 24 13
Facilities Limited
Company 45 15 150 2IO 532

a) Group - Total exp enditure
Staff costs Support Depreciation
(note 10) Costs (note 13) 2022 2021
8000 OOOO 8000 6'000 8000
Costs of Raising funds
Non ancillary trading 429 338 81 848 615
Financing cost (note 9) 136 136 98
Fundraising
and development		 61 61 71
Total cost ofraising funds 429 535 81 1,045 784
Charitable
expenditure
Teaching 12,077 1,804 367 14,248 13,437
Welfare 634 2,394 90 3,118 2,531
Premises 1,388 4,249 833 6,470 6,778
School administration 1,250 1,097 2,353 2,087
Movement
in pension		 deficit (100) (100) (88)
Governance
costs		 86 86 82
Education
and grant		 making 15,349 9,530 1,296 26&175 24,827
Total Expenditure 15,778 104165 1,377 27,220 25,611
b) Company- Total expenditure
Staff costs Support Depreciation
(note 10) Costs (note 13) 2022 2021
6"000 &r'000 8000 6'000 6'000
Costs of Raising funds
Financing cost (note 9) 135 135 95
Fundraising
and development		 61 61 71
Total cost ofraising funds 196 196 166
Charitable
expenditure
Teaching 12,077 2,577 367 15,021 14,048
Welfare 634 2,394 90 3,118 2,531
Premises 1,388 4,249 833 6&470 6,778
School administration 1,250 1,097 2,353 2,087
Movement
in pension		 deficit (100) (ioo) (88)
Governance
costs		 84 84 80
Education
and grant making		 15,349 10,301 1,296 26&946 25,436
Total Expenditure 15,349 10,497 1,296 27,142 25,602

Hurstpierpoint College reimburses
governors for out		 ofpocket expenses ofpocket expenses including travel subsistence and
accommodation, where a claim is made. One governor was reimbursed during the year.
2022 2021
E,'000 8000
Remuneration paid to auditor for audit services 25 23
Reimbursement ofpersonal
expenses to governors
Other governance
costs		 60 59
86 82

FINANCING
COSTS
Group Company
2022 2021 2022 2021
OOOO 8000 OOOO 8000
Bank and other interest payable 94 71 93 68
Bank charges 70 54 69 54
Provision for bad and doubtful debts (28) (28) (27)
136 134 95

TAFFCOST S
2022 2021
6'000 ir000
The aggregate payroll costs for the year were:
Wages and salaries 12,522 11,708
Social security costs 1,215 1,135
Other pension costs 2,041 1,954
15,718 14,797
Induded
in staff costs		 are redundancies redundancies for employees for employees whose roles were made whose roles were made whose roles were made redundant redundant and a temination a temination payment payment on
medical grounds,
totalling		 6110,000 (202I: nil). No amounts were outstandingat the year-end (202I:anil). The Head,
Chief Finacial Officer and Heads of Schools are classed by the college as beingthe Key Management Personnel. None
ofthe governors
received		 remuneration or other benefits from Hurstpierpoint College or from any connected body.
6'000 6'000
Aggregate
employee		 benefits ofkey management personnel 774 701
The number ofhigher paid employees whose annual emoluments were 660,000 or more was:
2022 2021
No
660,001 - 670,000 10
670,001 - 680,000
680,001 - 690,000
690,001 - 1100,000
6100,001 - ir110,000
6110,001 - 6120,000
6140,001 - 6150,000
6300,001 - 6310,000
The number
with retirement		 benefits accruing:
in Defined Contribution schemes was
ofwhich the contributions amounted to f33,039(202 I:fl6,040)
in Defined Benefit schemes was 13 15
ofwhich the contributions amounted to 6263,464 (202I:f255,978)
2022 2021
No No
Teaching staff 226 244
Other 210 193
436 437

Freehold Freehold Under Computer Plant & Fixtures
Motor
Land & Improve- Con- Equip- Equip- & Total
Vehicles
Buildings ments struction ment ment Fittings
if.'000 6'000 8000 8000 8000 8000 8000 8000
Cost
At
I September		 2021 44,961 1,178 1,336 1,561 3,126 1,523 757 54,442
Additions 157 2,706 38 13 880 195 166 4 155
Disposals (42) - - (42)
Transfers 1,240 (1,336)
At 3 I August 2022 45,214 5,124 38 1,574 3,964 1,718 923 58,555
Depreciation
At
I September		 2021 3,736 90 688 1,583 1,320 647 8,064
Charge for the year 661 36 339 166 88 87 I,377
Disposals (42) (42)
At 3 I August 2022 4,397 126 1,027 1,707 1,408 734 9,399
Net book value at 31
August 2022 40,817 4,998 38 547 2,257 3IO I89 49,156
Net book value at 31 August
2021 41,225 1,088 1,336 873 1,543 203 110 46,378
All assets are used for charitable purposes.

b) Company
Freehold Freehold Under Compute Plant & Fixtures
Land 8 Improve- Con- r Equip- Equip- k Motor Total
Vehicles
Buildings ments struction ment ment Fittings
8000 6'000 6'000 8000 E'000 E'000 6'000 6'000
Cost
At
I September 2021		 44,961 1,178 1,336 1,561 3,126 1,523 30 53,715
Additions 157 2,706 38 13 880 195 47 4,036
Disposals (42) (42)
Transfers 1,240 (1,336)
At 31 August 2022 45,214 5,124 38 1,574 3,964 1,718 77 57,709
Depreciation
At
I September 2021		 3,736 90 688 1,583 1,320 30 7,447
Charge for the year 661 36 339 166 88 6 1,296
Disposals (42) - - (42)
At 31 August:2022 4,397 126 1,027 1,707 1,408 36 8,701
Net book value at 31 August
2022 40817 4998 38 547 2„257 310 41 49,008
Net book value at 31 August 2021 41,225 1,088 1,336 873 1,543 203 - 46,268

ECURITIES INVESTM ENTS
2022 202I
IE'000 6'000
Group investments
At
I September 202 I		 2,206 I,58 I
Investment 14 I 242
Unrealised
gains/(losses)		 on investments (II8) 383
Group investments
at		 3 I August 2022 2,229 2,206
Investment
in subsidiaries
Company
investments		 at 3 I August 2022 2,229 2,206
Investments
comprise;
Listed investments
Equities 2,229 2,206
Group investments
at		 3 I August 2022 2,229 2,206
Investment
in subsidiaries
Company
investments		 at 3 I August 2022 2,229 2,206

EBTORS
Group Company
2022 202I 2022 202I
6'000 8000 E,'000 8000
School fees receivable 203 203 56
Other debtors 24 37 I8 22
Prepayments
and accrued income		 347 331 33I 3IO
Amounts
due from subsidiary		 company I8 I
574 428 733 397

CREDITORS: amounts falling due within one year
Group Company
2022 2021 2022 2021
f.'000 8000 f'000 8000
Bank loan (Note 18) I, I50 1,150 I,I50 1,150
Net obligations under finance leases (Note 20) 16
Deposits from parents 1,228 448 1,228
Fees received from parents in advance ofterm 5,062 3,771 5,062 3,771
Trade creditors 1,853 1,057 1,848 1,037
Taxation and social security 293 285 293 285
Other creditors 66 IOB
Pension 245 238 245 238
Fees in Advance Scheme (Note 19) 1,054 824 1,054 824
Accruals 303 272 297 258
11,299 8,127 I I,285 8,077
CREDITORS: amounts falling due after one year
Group Company
2022 2021 2022 2021
6'000 E'000 6'000 8000
Bank loan (Note 18) 2,700 3,850 2,700 3,850
Deposits from parents 1,091 1,751 1,091 1,751
Fees in Advance Scheme (Note 19) 808 495 808 495
4,599 6,096 4,599 6,096

CREDI TORS: amounts falling due after one year (continued)
2022 202l
6'000 8000
Over 5 years 35 I 440
Within 2to 5 years 399 629
Within I to 2years 342 682
Deposits from parents I,092 l,75 I
Within I year I,228
2,320 2, I99
BANK LOAN
2022 202I
OOOO 8000
The bank loan is repayable in instalments
Due within 2to 5years 2,700 3,850
Due after more than one year 2,700 3,850
Due within
I year		 I, I 50 I,150
3,850 5,000

FEESIN ADVANCE
SCHElvlE		 FEESIN ADVANCE
SCHElvlE
Parents
may enter into a contract to pay school fees in advance. Assuming		 pupils will remain in the school, Advance Fee
Contracts
will be applied as follows:
2022 202l
K'000 8000
Due after 5 years I36
Within 2to 5years 389 l95
Within
I to 2years		 283 30l
Due after more than one year 808 496
Within
I year		 I,054 824
I,862 1,320
Summary
ofmovements		 in liability
Balance at
I September 202 l		 I,320 1,64 I
New contracts I,82 I 799
Repayments (I6) (I I 0)
Amounts
used to pay fees		 (I,292) (l,037)
Financing cost 30 27
Balance at 31 August 2022 1,863 l,320

2022 202I
8000 8000
Amounts falling due:
Within I to 2 years
Due after more than one year
Within I year 16
l6

2022 202I
E'000 6'000
Within I year 29 30
Within I to 5years
29 59

SHARE CAPI TAL
2022 2021
Authorised
l00 Ordinary Shares of Kl each l00 IQO
Allotted, called up and fully paid
IOQ Ordinary Shares of Kl each IOO 100
Ordinary
Share Rights

Group and Compa ny
Movements in funds
Balance at Investment Balance at
Income Transfers
I Sep2I Gains 3I Aug 22
8000 OOOO 8000 IE'000 6'000
Special Endowment Fund 669 l50 (IIS) 70I
669 150 ( I l8) 701
Group and Company
Movements in funds
Balance at Investment
Income		 Transfers Balance at
I Sep 20 Gains 3I Aug 2I
6'000 6'000 6'000 6'000 6'000
Special Endowment Fund 286 383 669
286 383 669

Income I
Balance at Balance at
I Sep 21 Investment
Gains		 Expendit:ure Transfers 3I Aug 22
8000 8000 8000 E*OOO 6'000
Endowment Fund 3,745 228 3,973
Special Endowment Fund 46 46
Woodard Bursary Funds 302 302
Albert Keith Parsons Fund 50 IS 65
Iva Lancelot Harison Bursary Fund 309 30 339
4,452 IS 258 4,725

Income I
Balance at Balance at
I Sep 20 Investment
Gains		 Expenditure Transfers 3 I Aug 2 I
OOOO f.'000 8000 EOOD E'000
Endowment Fund 2,970 634 3,745
Special Endowment Fund 46 46
Woodard Bursary Funds 302 302
Albert Keith Parsons Fund 50 50
Iva Lancelot Harison Bursary Fund 294 I5 309
3,6 I2 l9I 649 4,452
Transfers:- 2022 202I
f'000 f.'000
Notional bank interest on Endowment Fund balances I69 160
Transfer ofunused bad debt provision to Endowment Fund 47 l50
Transfer ofunsued bursary budget I2 324
Notional bank interest on Iva Lancelot Harison Bursary Fund 30 15
258 649

Balance at Balance at
I Sep2I Income Expenditure Transfers 3I Aug 22
f.'000 8000 8000 OOOO 6'000
Group
General reserves 3l,963 29,64 I (27,220) (258) 34,I26
Company
General reserves 31,823 29,576 (27, I4 I) (258) 34,000
f4ovements
in funds
Balance at Balance at
I Sep 20 Income Expenditure Transfers 3I Aug 2I
8000 8000 8000 8000 6'000
Group
General reserves 31,967 26,256 (25,6 I I) (649) 3I,963
Company
General reserves 3I,827 26,247 (25,602) (649) 3I,823

Group
2022 2021
Unrestricted Restricted Endowed Total Total
OOOO 6'000 f'000 f'000 it'000
Tangible fixed assets 49,156 49,156 46,378
Securities investments 2,229 2,229 2,206
Net current (liabilities)/assets (10,415) 4,725 (1,528) (7,218) (5,287)
Long term liabilities (4,615) (4,615) (6,213)
34,126 4,725 701 39,552 37,084
Company
2022 2021
Unrestricted Restricted Endowed Total Total
IE'000 IE'000 6'000 6'000 8000
Tangible fixed assets 49,008 49,008 46,268
Securities investments 2,229 2,229 2,206
Net current (liabilities)/assets (10,393) 4,725 (1,528) (7,I96) (5,317)
Long term liabilities (4,615) (4,615) (6,213)
34,000 4,725 701 39,426 36,944

At 31 Augus t 2022, the char ity and group
had		 ca pital commitments
as follows:
2022 2021
IE'000 if.'000
Expenditure contracted for but not provided in the accounts 1,576

Assumptions 2022 202I 2020
/o per annum 9oper annum Xper annum
Rate ofdiscount 4.46 0.63 0.55

2022 2021 2021
IE'000 /r'000
Year I 33
Year 2 34
Year 3 35
Year 4 IS
Year 5
17 I I7

Year Ended 3I August 2021 Year Ended 3I August 2021 Un-
restricted Restricted Endowed Total
8000 8000 E.'000 f.'000
Income and endowments from:
Charitable
Activities
School fees receivables 24,500 24,500
Ancillary trading income 1,321 1,32 I
Other trading activities
Non-ancillary
trading income		 42 42
Investments
Bank and other interest
Other- Grants and donations
Grants
and donations		 328 191 5I9
Other incoming
resources		 65
TOTAL INCOME 26,256 191 26,447
Expenditure
on:
Raising funds
Non-ancillary
trading		 615 6I5
Financing costs 98 98
Fundraising
and Development		 71 7I
TOTAL RAISING FUNDS 784 784
Charitable
Activities
Education
and grant making		 24,827 24,827
TOTAL EXPENDITURE 25,611 25,6 I I
Unrealised
gains on investment		 assets 383 383
Net income 645 191 383 l,2 I9
Transfers
between
funds		 (649) 649
Net Movement
in funds forthe year		 (4) 840 383 I,219
Fund balances at
I September		 31,967 3,612 286 35,865
FUND BALANCES ASAT 31AUGUST 3 I 963 4 452 669 3

2022 2021
E'000 8000
2,229 2,206