2022-07-31-accounts

		Unrestricted	Restricted	Restricted	Total	Total
		Funds	Funds		2022	2021
	Note	£		£	£	£
Incomeandendowmentsfrom:
Charitableactivities Schoolfees Ancillarytrading		9,835,752 689,410			9,835,752 689,410	8,328,266 525,331
Othertradingactivities
Otherincomingresources		44,396			44,396	488,193
Tradingturnover— SerloEnterprises		52,391			52,391	17,525
Investments
Investmentincome		8,867			8,867	2,998
Voluntarysources
Voluntaryincome		13,218	os3	io wo PS	25.312	18,046
Totalincomingresources		10,644,034	_%	: Cs J >	10,656,128	9,380,359
Expenditureon:
Raisingfunds SerloEnterprisestradingcosts Fundraisingcosts— other Financecosts		22,261 9,061 107,162			22,261 9,061 107,162	12,456 8,921 _111,474
Totaldeductiblecosts		138,484			138,484	132,851
Charitableactivities
Educationandgrantmakingcosts		10,194,069			10,372,376	9.118741
Totalexpenditure		10,332,553			10,510,860	9,257,592
Netincoming/(outgoing)fundsfromoperations beforetransfersandinvestmentgains		311,481	(166,213)		145,268	128,767
Transfers		48,960	(48,960)
(Losses)/gainsoninvestments	12		(1,036)		(1,036)	13,295
Netmovementinfundsfortheyear		360,441	(216,209)		144,232	142,062
Fundbalancesasat1 August2021		4,977,392	232,972		5,210,364	5068,302
Fund balancesasat31July2022	17	5,337,833	16,763		9,354,596	5,210,364
Thenotesonpages18to34formpartofthesefinancial		statements.
	15

			Group			School
	Note	2022		2021	2022		2021
		£		£	£		£
Fixedassets
Tangibleassets	11	8,727,770		8,680,441	8,727,770		8,680,447
Investments	12	93,551		94,587	93,554		94,590
		8,821,321		8,775,028	8,821,324		8,775,031
Currentassets
Stocks		14,145		29,507	14,145		29,507
Debtors	13	705,414		638,960	745,379		650,675
Cashatbankandinhand		1,446,706		1,585,868	1,405,269		1,569,908
		2,166,265		2,254,335	2,164,793		2,250,090
Creditors:amountsfallingdue
withinoneyear	14	(2,205,152)		(2,193,179)	(2,204,462)	(2,189,716)
Netcurrent(liabilities)/assets		(38,887)		61,156	(39,669)		60,374
Totalassetslesscurrent
(liabilities)/assets		8,782,434		8,836,184	8,781,655		9,107,493
Creditors:amountsfallingdue
aftermorethanoneyear	15	(3,427,838)		(3,625,820)	(3,427,838)	(3,625,820)
Netassets		5,354,596		5,210,364	5,353,817		5,209,585
Incomefunds
Restrictedfunds	18a	16,763		232,972	16,763		232,972
Generalfunds	18b	5,337,833		4,977,392	5,337,054		4,976,613
	17	5,354,596		5,210,364	5,353,817		5,209,585
Thenetresultsforthefinancialyear	dealt	withinthefinancial		statementsof	theparentcharitywas		asurplus
of£144,232(2021:surplus£142,062).
Thefinancialstatementswereapprovedandauthorised			forissuebytheBoardon2LNovenbes1				fend
weresignedonitsbehalfby:
{ePeny MrP Dancey
ChairofGovernors

2.	VoluntaryIncome	VoluntaryIncome
			2022	2021
			£	£
	Donations -Restricted Donations- Unrestricted		12,094 13,218	13,862 4,184
			25,312	18,046
3.	SchoolFees
			2022 £	2021 £
	Feesreceivableconsistof:
	Grossfees Less:Total	bursaries,grantsandallowances	11,794,840 (2,127,038)	10,636,318 (2,308,052)
			9,667,802	8,328,266
	Addback:Bursariesandotherawardspaidforby byrestrictedfunds		167,950		-
			9,835,752	=_8,328.266
4,	TradingIncome
			2022 £	2021 £
	Turnover Operating	expenses	52,391 (22,261)	17,525 (12,456)
	Netprofit	fromtrading	30,130	5,069

THE	KING’SSCHOOL,GLOUCESTER
NOTESTOTHEFINANCIALSTATEMENTS(CONTINUED)
FOR	THEYEARENDED31JULY2022
5.	InvestmentIncome
		2022		2021
		£		£
	Interestreceivablefrominvestments	8,867		2998
6.	OtherIncome
		2022		2021
		£		£
	Otherancillaryactivities
	Insurancecommissions	9,438		3,202
	Afterschoolholidayandbreakfastclubs	21,190		22,661
	Musicincome	101,112		88,605
	Tuitionincome	26,416		47,954
	Tripincome	169,000		56,304
	Busandtransportincome	156,200		176,394
	Feeextrasincome	166,374		130,211
	Summerball	39,680		-
		889,410,	__ 525,337
	Otherincomingresources
	Rentalincome	13,266		13,200
	Governmentgrants	1,215		444,376
	Miscellaneousreceipts	29,915		30,617
		—44,396_	_488,193
7.	Financeandothercosts
		2022		2021
		£		£
	Loaninterest	103,554		108,200
	Bankcharges	3,608		3,274
		107,162)	__	111,474

THEKING’SSCHOOL,GLOUCESTER	THEKING’SSCHOOL,GLOUCESTER	THEKING’SSCHOOL,GLOUCESTER	THEKING’SSCHOOL,GLOUCESTER
NOTESTOTHEFINANCIALSTATEMENTS FORTHEYEARENDED31JULY2022					(CONTINUED)
8.	Analysisofexpenditure
		Staff Costs £	Deprecia- tion £			Other Costs £	Total 2022 £		Total 2021 £
	Charitableexpenditure:
	Schooloperatingcosts: Teachingcosts	5,286,962			-	1,138,495	6,425,457	5,844,697
	Welfarecosts	125,746			-	-	125,746		89,954
	Supportcosts	860,949			-	447,391	1,308,340	1,128,529
	Catering		-		-	694,278	694,278	498,055
	Premises	466,437		419,961		676,168	1,562,566	1,450,539
	Grants,awardsandprizes		-		-	180,533	180,533		5,823
	Governancecosts		-		-	75,456	75,456		101,144
		6,740,094		419,961		3,212,321	10,372,376	9,118,741
	Costsofgeneratingfunds: Fundraisingcosts School!financingcosts		- -		- -	9,061 107,162	9,061 107,162		8,921 111,474
	School	6,740,094		419,961		3,328,544	10,488,599	9,239,136
	Tradingcosts	11,731			-	10,530	22,261		12,456
	Group	6,751,825		419,961		3,339,074	10,510,860	9,251,592
Governancecostsincludepayments		totheauditorsof		£17,760	(2021:	£16,680)for	auditservicesandother
professionalfeestotalling£57,696(2021:£86,244).
Grants,awardsandprizes							2022	2021
							£
	FromRestrictedFunds:	Bursaries& Scholarships					167,950
		Othergrantsand		awards			10,357 178,307	GIN	Aln =f NR
	FromUnrestrictedFunds:
		Othergrantsand		awards			2,226		Gy re a,
							180,533
			23

11a.	TangibleFixedAssets
	GroupandSchool
				Assets	Fixtures,
		Landand		Under	fittings&	Motor
		buildings		Construction	equipment	vehicles		Total
		£		£	£	£		£
	Cost
	At1 August2020	10,663,193		-	1,982,187	12,825		12,658,205
	Additions	102,002		171,525	193,763		-	467,290
	Disposals		-	-	(688,822)		-	(688,822)
	At31July2021	10,765,195		171,525	1,487,128	12,825		12,436,673
	Depreciation
	At1 August2021	2,646,124		-	1,318,815	12,825		3,977,764
	Chargefortheyear	247,618		-	172,343		-	419,961
	Disposals		-	-	(688,822)		-	(688,822)
	At31July2022	2,893,742		-	802,336	12,825		3,708,903
	Netbookvalue
	At31July2022	7,871,453		171,525	684,792		-	8,727,770
	At 31July2021	8,017,069		-	663,372		-	8,680,441

12.	FixedAssetInvestments
	Group
				2022	2021
				£	£
	Quotedinvestmentsatmarketvalue1 August		2021	94,587	81,292
	Unrealised(loss)/gain			(1,036)	13,295
	Quotedinvestmentsatmarketvalue31July2022			93,551	94,587
	Cost			10,400	10,400
	School
	Quotedinvestmentsatmarketvalue1 August		2021	94,587	81,292
	Unrealised(loss)/gain			(1,036)	13,295
	Quotedinvestmentsatmarketvalue31July2022			93,551	94,587
	Sharesinsubsidiarytradingcompany,atcost			3	3
				93,554	94,590
	Cost			10,403	10,403
	TheSchoolownsalloftheordinaryshares	in	itssubsidiarySerloEnterprisesLimited,company
	number02938904incorporatedinEngland,whichisa tradingcompanysellingservicesandgoods
	relatingtotheSchool. Itsprincipalplaceof	businessisTheKing’s		Schoo!Gloucester,PittStreet,
	Gloucester,GL12BG.Itcovenantsitstaxable	profitstotheSchool.		Itstradingresults,	extractedfrom
	itsauditedfinancialstatementswere:
				2022	2021
				£	£
	Turnover			52,391	17,525
	Costofsales			(3,690)	-
	Grossprofit			48,701	17,525
	Administrationexpenses			(18,571)	(12,456)
	Operatingprofit			30,130	5,069
	GrosscovenanttoTheKing’sSchool,Gloucester			(30,130)	(5,069)
	Retainedprofitfortheyear				- -

17.	AnalysisofNetAssetsBetweenFunds— Current	year
		Unrestricted	Restricted
		funds	funds	Total
		£	£	£
	Group
	Tangiblefixedassets	8,577,629	-	8,577,629
	investments	93,551	-	93,551
	Netcurrentassets	94,491	16,763	111,254
	Longtermliabilities	(3,427,838)	-	(3,427,838)
		5,337,833	16,763	5,354,596
		Unrestricted	Restricted
		funds	funds	Total
		£	£	£
	School
	Tangiblefixedassets	8,577,629	-	8,577,629
	Investments	93,554	-	93,554
	Netcurrentassets	93,709	16,763	110,472
	Longtermliabilities	(3,427,838)	-	(3,427,838)
		5,337,054	16,763	§,353,817
	AnalysisofNetAssetsBetweenFunds- Prioryear
		Unrestricted	Restricted
		funds	funds	Total
		£	£	£
	Group
	Tangiblefixedassets	8,680,441	-	8,680,441
	Investments	-	94,587	94,587
	Netcurrentassets	(77,229)	138,385	61,156
	Longtermliabilities	(3,625,820)	-	(3,625,820)
		4,977,392	232,972	5,210,364
		Unrestricted	Restricted
		funds	funds	Total
		£	£	£
	School
	Tangiblefixedassets	8,680,441	-	8,680,441
	Investments- restated	3	94,587	94,590
	Netcurrentassets	(78,011)	138,385	60,374
	Longtermliabilities	(3,625,820)	-	(3,625,820)
		4,976,613	232,972	5,209,585

THE	KING’SSCHOOL,GLOUCESTER	KING’SSCHOOL,GLOUCESTER	KING’SSCHOOL,GLOUCESTER	KING’SSCHOOL,GLOUCESTER
NOTESTOTHEFINANCIAL			STATEMENTS				(CONTINUED)
FORTHEYEARENDED31			JULY2022
18a.	RestrictedFunds:	Movements	in	theYear(continued)
	RestrictedFunds:	Movements	in	thePrioryear
		Balanceas						Gainson		Balance	as
		at1 August						investments		at31July
		2020		Income		Expenditure		‘Transfers		2021
		£		£			£	£			£
	Prize& Scholarship
	fund	146,046		776			(196)	13,295		159,921
	Bursaryfund	11,520		85			-		-	11,605
	Sportsfund	5,855		3,125			(3,570)		-	5,410
	ComputerScience
	Equipment	41			-		-		-		41
	Annualfund	4,176		38			(21)		-	4,193
	WardleHousefund	29,662		4,838			-		-	34,500
	ArtScholarsFund	11,333			-		(1,725)		-	9,608
	Musicfund	2,494			-		-		-	2,494
	Artfund	200		5,000			-		-	5,200
	Dulvertonfund	17,000			-		-	(17,000)				-
	School and Group
	restrictedfunds	228,327		13,862			(5,512)	(3,705)		232,972
18b.	UnrestrictedFunds:Movements			intheYear
		Balanceas								Balance
		at1 August 2021 £		Income £		. Expenditure £		Transfers	£	asat31 July2022 £
	Genera!funds	4,976,613		10,591,643		(10,280,162)		48,960		5,337,054
	Schoolfunds	4,976,613		10,591,643		(10,280,162)		48,960		5,337,054
	Noncharitable
	tradingfunds	779		§2,391			(52,391)		:	779
	Groupfunds	4,977,392		10,644,034		(10,332,553)		48,960		5,338,833
	UnrestrictedFunds:Movements			inthePrior	Year
		Balanceas								Balance
		at1 August 2020 £		Income £		. Expenditure £		Transfers £		asat31 July2021 £
	Generalfunds	4,839,196		8,833,611		(8,713,194)		17,000		4,976,613
	Schoolfunds	4,839,196		8,833,611		(8,713,194)		17,000		4,976,613
	Noncharitable
	tradingfunds	779		17,525			(17,525)		-	779
	Groupfunds	4,839,975		8,851,136		(8,730,719)		17,000		4,977,392

THEKING’SSCHOOL,GLOUCESTER
NOTESTOTHEFINANCIALSTATEMENTS(CONTINUED)
FORTHEYEARENDED31JULY2022
23. ComparativeSOFA
	Unrestricted	Restricted	Total
	Funds	Funds	2021
	£	£	£
Incomeandendowmentsfrom:
Charitableactivities
Schoolfees	8,328,266	-	8,328,266
Ancillarytrading	§25,331	-	§25,331
Othertradingactivities
Otherincomingresources	488,193	-	488,193
Tradingturnover— SerloEnterprises	17,525	-	17,525
Investments
Investmentincome	2,998	-	2,998
Voluntarysources
Voluntaryincome	4,184	13,862	18,046
Totalincomingresources	9,366,497	13,862	9,380,359
Expenditureon:
Raisingfunds
SerloEnterprisestradingcosts	12,456	-	12,456
Fundraisingcosts— other	8,921		8,921
Financecosts	111,474	-	111,474
Totaldeductiblecosts	132,851	-	132,851
Charitableactivities
Educationandgrantmakingcosts	9,113,229	5,512	9,118,741
Totalexpenditure	9,246,080	§.512	9,251,592
Netincomingfundsfromoperationsbefore
transfersandinvestmentgains	120,417	8,350	128,767
Transfers	17,000	(17,000)		-
Gainsoninvestments	-	13,295	13,295
Netmovementinfundsfortheyear	137.417	4,645	142,062