2023-08-31-accounts

				Page
Reference and administrative		details ofthe School, its Governors	and advisers	1-2
Chairman's statement				3-4
Governors' report				5-16
Independent auditors'	report	on the financial statements		17-20
Stateinent offinancial	activities			21
Balance sheet				22
Statement ofcash flows				23
Notes to the financial	statements			24-45

				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	funds	funds
			Note	2023f	2023 6	2023	2023	2022
Income from:
Donations and	legacies		4		141,441		141,441	68,837
Charitable activities			5	7,423,530			7,423,530	6,448,441
Other trading	activities		7	289,687			289,687	223,667
Investments			8	31,227		1,255	32,482	8,297
Total income	and
endowments				7,744,444	141,441	1,255	7,887,140	6,749,242
Expenditure on:
Raising funds			9	315,904			315,904	220,955
Charitable activities			10	7,332,976	29,742		7,362,718	6,405,389
Total expenditure				7,648,880	29,742		7,678,622	6,627,344
Net income before
net (losses)/gains		on
investments				95,564	111,699	1,255	208,518	121,898
Net (losses)/gains		on
investments				(52)		179	127	(5,087)
Net movement	in
funds				95,512	111,699	1,434	208,645	116,811
Reconciliation	of
funds:
Total funds brought
forward				4,060,975	305,903	770,165	5,137,043	5,020,232
Net movement	in funds			95,512	111,699	1,434	208,645	116,811
Total funds carried
forward				4,156,487	417,602	771,599	5,345,688	5,137,043

				Note	2023f	2022f
Cash flows from operating	activities
Net cash used in operating	activities			22	1,098,864	1,295,765
Cash flows from investing	activities
Proceeds from the sale oftangible fixed		assets			17,750	13,753
Purchase oftangible fixed assets					(646,651)	(300,992)
Net cash used in investing	activities				(628,901)	(287,239)
Cash flows from financing	activities
Repayments of borrowing					(254,931)	(168,432)
New finance leases					81,040
Repayments offinance leases					(67,919)	(22,395)
Net cash used in financing	activities				(241,810)	(190,827)
Change in cash and cash	equivalents	in	the year		228,153	817,699
Cash and cash equivalents	at the beginning		ofthe year		1,934,803	1,117,104
Cash and cash equivalents	at the end of		the year	23	2,162,956	1,934,803
The notes on pages 24 to45form part ofthese financial statements

Freehold property	- 50years
Long-term fixtures and fittings	- 20years
Fixtures and fittings	- 10years
Motor vehicles	- 10years
Kitchen equipment	- 5years
Computer equipment	- 5years

			Restricted	Total	Total
			funds	funds	funds
			2023 6	2023 6	2022f
Donations 8	fundraising		141,441	141,441	68,837
Total 2022			68,837	68,837
Income from charitable		activities
			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
			6
School Fees			6,994,086	6,994,086	6,031,344
Registration	Income		81,816	81,816	57,418
Shop Income			104,582	104,582	105,072
Other School	Income		243,046	243,046	254,607
Total 2023			7,423,530	7,423,530	6,448,441
Total 2022			6,448,441	6,448,441

Charitable a	ctivities	- school fees
			2023 6	2022f
Gross school	fees		9,144,867	8,427,642
Scholarship,	bursariss	and remissions	(2,150,781)	(2,396,298)
Total			6,994,086	6,031,344

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
			6
Leliings/Hire	ofSchool	289,687	289,687	223,667
Total 2022		223,667	223,667

		Unrestricted	Endowment	Total	Total
		funds	funds	funds	funds
		2023 E	2023 6	2023f	2022f
Listed	Investments	82	1,255	1,337	1,314
Cash	Investments	31,145		31,145	6,983
		31,227	1,255	32,482	8,297
Total	2022	7,052	1,245	8,297

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		6
Finance costs		123,140	123,140	68,606
Fundraising	costs	192,764	192,764	152,349
		315,904	315,904	220,955
Total 2022		220,955	220,955

				Unrestricted	Restricted
				funds	funds	Total	Total
				2023	2023f	2023f	2022f
Teaching				3,083,685	13,831	3,097,516	2,899,932
Welfare				895,895		895,895	813,599
Premises				1,887,209	15,911	1,903,120	1,499,625
Support costs and governance				1,466,187		1,466,187	1,193,233
				7,332,976	29,742	7,362,718	6,406,389
Total 2022				6,380,283	26,106	6,406,389
Summary	by expenditure	type
				Depreciatio
			Staffcosts	n	Other costs	Total	Total
			2023 6	2023 f	2023	2023f	2022
Teaching			2,904,274		193,242	3,097,516	2,899,932
Welfare			156,926		738,969	895,895	813,599
Premises			562,664	344,152	996,304	1,903,120	1,499,625
Support costs and governance			520,387		945,800	1,466,187	1,193,233
			4,144,251	344,152	2,874,315	7,362,718	6,406,389
Total 2022			3,876,127	281,875	2,248,387	6,406,389

2023f	2022
50,139	42,351
294,015	239,526
16,583	13,175
360,737	295,052

2023f	2022f
3,461,795	3,235,048
292,180	285,540
390,276	355,539
4,144,251	3,876,127

2023	2022
No.	No.
85	8f
18	f6
35	36
8	6
	139

	2023	2022
	No.	No.
Academic	70	64
Support	16	15
Estates	26	26
Welfare	4	4
	116	109

2023	2022
No.	No.

	Freehold	Motor		Fixtures and
	property	vehicles		fittings	Total
	6			6	6
Cost or valuation
At 1 September 2022	8,681,474	286,190		3,620,868	12,588,532
Additions		154,045		492,606	646,651
Disposals		(33,153)			(33,153)
At 31 August 2023	8,681,474	407,082		4,113,474	13,202,030
Depreciation
At 1 September 2022	1,861,692	174,479		2,692,905	4,729,076
Charge for the year	122,492	35,679		185,983	344,154
On disposals		(23,776)			(23,776)
At 31 August 2023	1,984,184	186,382		2,878,888	5,049,454
Net book value
At 31 August 2023	6,697,290	220,700		1,234,586	8,152,576
At31August 2022	6,819,782	111,711		927,963	7,859,456
The net book value ofassets held under finance leases or hire purchase			contracts, included		above, are
as follows:
				2023	2022
				6
Motor vehicles				43,922	49,454
Fixtures and fittings				127,801	80,778
				171,723	130,232

	Listed
	investments
	E
Cost or valuation
At 1 September 2022	87,426
Revaluations	127
At 31 August 2023	87,553
Net book value
At 31 August 2023	87,553
At3I August 2022	87,426

			2023	2022
	School shop	items	68,580	61,787
17.	Debtors
			2023	2022
			6
	Due within one year
	Fee debtors		2,117	13,726
	Other debtors		71,941	37,616
	Prepayrnents	and accrued income	125,606	65,330
	Trade debtors		7,008	16,407
			206,672	133,079

			2023	2022
				8
Bank loans			199,767	142,926
Deposits held			533,445	424,409
Trade creditors			451,527	261,340
Feesin advance			2,045,325	1,796,548
Composite fees			159,905	125,821
Other taxation and social security			76,621	68,023
Obligations under finance lease and hire purchase		contracts	53,866	52,014
Other creditors			114,702	110,630
Accruals and deferred	income		152,794	78,513
			3,787,952	3,060,224

				2023	2022
				6
Bank loans				1,326,194	1,582,792
Net obligations	under finance lease and	hire purchase	contracts	105,775	94,506
Composite fees				112,728	201,986
				1,544,697	1,879,284
Bank Loans
Included within the above are amounts		falling due as	follows:
				2023	2022
				6
Between one and two years
Bank loans				199,767	142,926
Composite fees				112,728	110,936
Between two and five years
Bank loans				504,302	393,777
Composite fees					91,050
Over five years
Bank loans				622,125	1,046,089

					2023	2022
					6
Payable	or	repayable	by	instalments	622,125	1,046,089
					622,125	1,046,089

Obligations under finance leases and hire purchase co	ntracts, included above, are payable a	s follows:
	2023	2022
	8
Between one and two years	37,389	40,382
Between two and five years	68,386	54,124
Over five years
	105,775	94,508

Statement	offunds	- c	urrent	year
				Balance at 1				Balance at
				September			Gains/	31August
				2022 6	Income 6	Expenditure 6	(Losses) f	2023 6
Unrestricted	funds
Designated	funds
School Development		Fund		330,000				330,000
General funds
General Funds				1,082,863	7,744,444	(7,648,880)	(52)	1,178,375
Revaluation	reserve			2,648,112				2,648,112
				3,730,975	7,744,444	(7,648,880)	(52)	3,826,487
Total Unrestricted		funds		4,060,975	7,744,444	(7,648,880)	(52)	4,156,487
Endowment	funds
School Charity Fund				35,451	563		750	36,764
Mrs Wynne	Corrie Memorial
Fund				8,096			266	8,362
Exhibition &	Scholarship		Fund	44,825	692		(837)	44,680
Endowed Land				681,793				681,793
				770,165	1,255		179	771,599

Stateme	nt offu	nds - prior year
		Balance at					Balance at
		1September			Transfers	Gains!	31August
		2021	Income f	Expenditure	in/out f	(Losses) 6	2022 6
Unrestricted
funds
Designated
funds
School
Development
Fund		330,000					330,000
General	funds
General	Funds	954,946	6,679,160	(6,601,238)	50,000	(5)	1,082,863
Revaluation
reserve		2,648,112					2,648,112
		3,603,058	6,679,160	(6,601,238)	50,000	(5)	3,730,975
Total
Unrestricted
funds		3,933,058	6,679,160	(6,601,238)	50,000	(5)	4,060,975
Endowment
funds
School Charity
Fund		37,945				(3,040)	35,451
Mrs Wynne
Corrie Memorial
Fund		8,069				27	8,096
Exhibition	&
Scholarship
Fund		46,195	699			(2,069)	44,825
Endowed	Land	681,793					681,793
		774,002	1,245			(5,082)	770,165

Restricted funds
David Holbache
Appeal Fund	180,242	23,987		(50,000)		154,229
Refurbishment
Fund	132,930	40,000	(21,256)			151,674
Old Oswestrian
Society		4,850	(4,850)
	313,172	68,837	(26,106)	(50,000)		305,903
Total offunds	5,020,232	6,749,242	(6,627,344)		(5,087)	5,137,043

Analysis ofnet assets between funds	- current year
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2023	2023	2023	2023
		6	6	6
Tangible fixed assets	7,034,746	436,037	681,793	8,152,576
Fixed asset investments	(2,253)		89,806	87,553
Current assets	2,438,208			2,438,208
Creditors due within one year	(3,769,517)	(18,435)		(3,787,952)
Creditors due in more than one year	(1,544,697)			(1,544,697)
Total	4,156,487	417,602	771,599	5,345,688

				Unrestricted	Restricted	Endowment	Total
				funds	funds	funds	funds
				2022	2022	2022f	2022
	Tangible fixed assets			6,852,954	324,709	681,793	7,859,456
	Fixed asset investments			1,504		85,922	87,426
	Current assets			2,127,219		2,450	2,129,669
	Creditors due within one year			(3,041,418)	(18,806)		(3,060,224)
	Creditors due in more than one year			(1,879,284)			(1,879,284)
	Total			4,060,975	305,903	770,165	5,137,043
22.	Reconciliation ofnet movement	in	funds to	net cash flow from operating		activities
						2023f	2022f
	Net income for the year (as per Statement of Financial Activities)					208,645	116,811
	Adjustments for:
	Depreciation charges					344,154	281,877
	(Gains)/losses on investments					(127)	5,087
	(Profit)/loss on the sale offixed assets					(8,373)	(10,838)
	Increase in stocks					(6,793)	(5,449)
	Increase in debtors					(73,593)	(39,313)
	Increase in creditors					16,615	256,336
	Increase/(decrease) in fees received		in advance			618,336	691,254
	Net cash provided by operating	activities				1,098,864	1,295,765

Analysis ofcash and	Analysis ofcash and	cash equivalents
				2023 f	2022 5
Cash in hand				2,162,956	1,934,803
Total cash and cash		equivalents		2,162,956	1,934,803
Analysis ofchanges		in net debt
			At 1		At 31
			September		August
			2022	Cash flows	2023
			6		6
Cash at bank and in hand			1,934,803	228,153	2,162,956
Debt due within	1 year		(1,939,474)	(305,618)	(2,245,092)
Debt due after 1 year			(1,582,792)	256,598	(1,326,194)
Finance leases			(146,520)	(13,121)	(159,641)
			(1,733,983)	166,012	(1,567,971)

			2023 6	2022 f
Not later than		1 year	14,068	17,902
Later than	1 year and not later than 5years		13,143	27,211
			27211	45f13