|||Page||
|---|---|---|---|
|Reference and Administrative<br>Details|1|to|2|
|Report ofthe Trustees|3|to|10|
|Statement ofTrustees'<br>Responsibilities||||
|Report ofthe Independent<br>Auditors|12|to|15|
|Statement ofFinancial Activities||16||
|Balance Sheet||17||
|Cash Flow Statement||18||
|Notes to the Cash Flow Statement||19||
|Notes to the Financial Statements|20|to|38|





|TRUSTEES|VJDavies|||
|---|---|---|---|
||RD Hart (resigned 28.9.21)|||
||Ms JLPreston|||
||Ms SH Sellers|||
||Ms CA Pulman|||
||JW Watts|||
||Ms H Witt|||
||WA Lane (resigned 26.8.22)|||
||Ms C Tipper|||
||C Harvey (appointed 7.12.21)|||
||P Oxenham<br>(appointed||8.2.22)|
||N Price (appointed<br>12.10.22)|||
|COMPANY SECRETARY|Ms CA Pulman|||
|REGISTERED OFFICE|Highland<br>House|||
||Mayflower<br>Close|||
||Chandler's<br>Ford|||
||Eastleigh|||
||SO53 4AR|||
|REGISTERED COMPANY|03687622 (England and||Wales)|
|NUMBER||||
|REGISTERED CHARITY|1089055|||
|NUMBER||||
|AUDITORS|Hopper Williams 4Bell Limited|||
||Statutory Auditor|||
||Highland<br>House|||
||Mayflower<br>Close|||
||Chandler's<br>Ford|||
||Eastleigh|||
||Hampshire|||
||SO53 4AR|||
|BANKERS|National<br>Westminster|Bank pic||
||3 Lower Northam Road|||
||Hedge End|||
||Southampton|||
||Hampshire|||
||SO304PA|||





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||||||2022|2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes|||||
|INCOME FROM|||||||
|Donations<br>and legacies|||741|1,217|1,958|2,205|
|Charitable<br>activities|||||||
|School fees receivable|||5,448,749||5,448,749|5,052,220|
|Additional<br>school activities|||547,017||547,017|427,551|
|Other||||||123,927|
|Investment<br>income|||607||607|77|
|Other income|||7,352||7,352|1,100|
|Total|||6,004,466|1,217|6,005,683|5,607,080|
|EXPENDITURE ON|||||||
|Charitable<br>activities|||||||
|School operating<br>costs|||4,508,690|7,926|4,516,616|3,958,855|
|Welfare costs|||361,271||361,271|283,202|
|Transport costs|||297,369||297,369|308,699|
|Premises|||516,045||516,045|661,840|
|Total|||5,683,375|7,926|5,691,301|5,212,596|
|NET INCOME/(EXPENDITURE)|||321,091|(6,709)|314,382|394,484|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought<br>forward|||1,968,832|20,165|1,988,997|1,594,513|
|TOTAL FUNDS CARRIED FORWARD|||2,289,923|13,456|2,303,379|1,988,997|



## 



## 

|||2022|2021|
|---|---|---|---|
||Notes|||
|FIXEDASSETS||||
|Tangible assets|14|5,237,951|5,304,461|
|CURRENT ASSETS||||
|Stocks|15|15,555|15,263|
|Debtors|16|1,129,333|1,082,590|
|Cash at bank||1,755,995|1,179,871|
|||2,900,883|2,277,724|
|CREDITORS||||
|Amounts<br>falling due within one year|17|(3,817,609)|(3,430,155)|
|NET CURRENT ASSETS||(916,726)|(1,152,431)|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||4,321,225|4,152,030|
|CREDITORS||||
|Amounts<br>falling due after more than one year|18|(2,017,846)|(2,163,033)|
|NET ASSETS||2,303,379|1,988,997|
|FUNDS|22|||
|Unrestricted<br>funds||2,289,923|1,968,832|
|Restricted funds||13,456|20,165|
|TOTAL FUNDS||2,303,379|1,988,997|





## 

|||||2022|2021|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from operating||activities||||
|Cash generated<br>from operations||||759,777|976,780|
|Interest paid||||(62,082)|(49,184)|
|Interest element ofhire purchase<br>or finance||||||
|lease rental payments<br>paid|||||(5)|
|Net cash provided by operating<br>activities||||697,695|927,591|
|Cash flows from investing||activities||||
|Purchase oftangible fixed|assets|||(46,326)|(610,930)|
|Sale oftangible fixed assets||||7,352|2,850|
|Interest received||||607|77|
|Net cash used in investing|activities|||(38,367)|(608,003)|
|Cash flows from financing||activities||||
|New loans in year|||||2,180,000|
|Bank loan repayments<br>in year||||(83,204)|(1,981,888)|
|Payment offinance lease obligations|||||(575)|
|Net cash (used in)/provided||by financing|activities|(83,204)|197,537|
|Change in cash and cash|equivalents||in|||
|the reporting<br>period||||576,124|517,125|
|Cash and cash equivalents||at the||||
|beginning<br>ofthe reporting||period||1,179,871|662,746|
|Cash and cash equivalents||at the end|of|||
|the reporting<br>period||||1,755,995|1,179,871|





## 

|1.|RECONCILIATION|RECONCILIATION|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||Net income|for the|reporting||period (as per the Statement ofFinancial||||
||Activities)||||||314,382|394,484|
||Adjustments|for:|||||||
||Depreciation|charges|||||112,836|148,475|
||Profit on disposal offixed assets||||||(7,352)|(1,100)|
||Interest received||||||(607)|(77)|
||Interest paid||||||62,082|49,184|
||Interest element ofhire|||purchase||and finance lease rental payments||5|
||(Increase)/decrease||in stocks||||(292)|2,593|
||Increase in debtors||||||(46,743)|(14,962)|
||Increase in creditors||||||325,471|398,178|
||Net cash provided||by|operations|||759,777|976,780|
|2.|ANALYSIS|OF CHANGES IN||||NET DEBT|||
|||||||At 1.9.21|Cash flow|At 31.8.22|
||Net cash||||||||
||Cash at bank|||||1,179,871|576,124|1,755,995|
|||||||1,179,871|576,124|1,755,995|
||Debt||||||||
||Debts falling|due within||1 year||(162,616)|17,771|(144,845)|
||Debts falling|due after||1 year||(2,026,907)|65,433|(1,961,474)|
|||||||(2,189,523)|83,204|(2,106,319)|
||Total|||||(1,009,652)|659,328|(350,324)|





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||||||2022|2021|
|---|---|---|---|---|---|---|
||Deposit account interest||||607|77|
|5.|INCOME FROM CHARITABLE ACTIVITIES||||||
||||||2022|2021|
||||School|Additional|||
||||fees|school|Total|Total|
||||receivable|activities|activities|activities|
||School fees||5,883,483||5,883,483|5,512,155|
||Less: scholarships||(120,744)||(120,744)|(133,886)|
||Less: bursaries||(189,898)||(189,898)|(216,862)|
||Less: other discounts||(124,092)||(124,092)|(109,187)|
||Grants|||||123,927|
||Learning<br>support|||60,894|60,894|25,643|
||Coach fares|||251,233|251,233|189,290|
||Canteen|||216,000|216,000|193,880|
||Miscellaneous<br>income|||14,448|14,448|17,688|
||Hire offacilities|||4,442|4,442|1,050|
||||5,448,749|547,017|5,995,766|5,603,698|
||Grants received, included|in|the above, are as follows:||||
||||||2022|2021|
||Government<br>grant - Furlough||scheme|||112,451|
||Hampshire<br>County Council|||||11,476|
|||||||123,927|
|6.|OTHER INCOME||||||
||Other income||||||
||||||2022|2021|
||Net gain on disposal oftangible fixed assets||||7,352|1,100|





## 

|||||Support||
|---|---|---|---|---|---|
||||Direct|costs (see||
||||Costs|note 8)|Totals|
|School operating||costs|4,145,461|371,155|4,516,616|
|Welfare|costs||331,585|29,686|361,271|
|Transport|costs||272,933|24,436|297,369|
|Premises|||473,639|42,406|516,045|
||||5,223,618|467,683|5,691,301|
|SUPPORT COSTS||||||
||||General|||
||||suppoit|Governance||
||||costs|costs|Totals|
|School operating||costs|344,877|26,278|371,155|
|Welfare|costs||27,585|2,101|29,686|
|Transport|costs||22,706|1,730|24,436|
|Premises|||39,404|3,002|42,406|
||||434,572|33111|467,683|



## 

## 

|General support costs|||||
|---|---|---|---|---|
|||School|||
|||operating|Welfare|Transport|
|||costs|costs|costs|
|Wages||184,390|14,749|12,140|
|Social security||17,141|1,371|1,129|
|Pensions||12,884|1,030|848|
|Telephone||17,814|1,425|1173|
|Postage and stationery||8,052|644|530|
|Other costs||104,596|8,366|6,886|
|Bank loan arrangement|fees||||
|||344,877|27,585|22,706|





## 

## 

## 

||||||2022|2021|
|---|---|---|---|---|---|---|
||||||Total|Total|
|||||Premises|activities|activities|
|Wages||||21,067|232,346|235,627|
|Social security||||1,959|21,600|22,297|
|Pensions||||1,472|16,234|15,893|
|Telephone||||2,035|22,447|27,644|
|Postage and stationery||||920|10,146|8,117|
|Other costs||||11,951|131,799|112,145|
|Bank loan|arrangement|fees||||21,037|
|||||39,404|434,572|442,760|
|Governance<br>costs|||||||
|||||School|||
|||||operating|Welfare|Transport|
|||||costs|costs|costs|
|Auditors'|remuneration|||6,678|534|440|
|Auditors'|remuneration|for non audit|work|1,478|118|97|
|Legal and|professional|fees||18,122|1,449|1,193|
|||||26,278|2,101|1,730|
||||||2022|2021|
||||||Total|Total|
|||||Premises|activities|activities|
|Auditors'|remuneration|||763|8,415|11,300|
|Auditors'|remuneration|for non audit|work|169|1,862|2,909|
|Legal and|professional|fees||2,070|22,834|31,572|
|||||3,002|33,111|45,781|
|NET INCOME/(EXPENDITURE)|||||||
|Net income/(expenditure)||is stated after charging/(crediting):|||||
||||||2022|2021|
|Auditors'|remuneration||||8,415|11,300|
|Auditors'|remuneration|for non audit|work||1,862|2,909|
|Depreciation<br>—owned assets|||||111,101|146,734|
|Depreciation<br>—assets on hire purchase|||contracts and finance leases||1,735|1,741|
|Surplus on disposal offixed assets|||||(7,352)|(1,100)|
|Operating|lease charges||||206,949|207,336|





## 

||2022|2021|
|---|---|---|
|SSellers|90,431|87,335|
|CTipper|337||
||90,768|87,335|



## 

## 

|STAF|F COSTS|||
|---|---|---|---|
|||2022|2021|
|Wages|and salaries|3,510,223|3,302,226|
|Social|security costs|307,369|295,761|
|Other|pension costs|245,253|221,011|
|||4,062,845|3,818,998|



||||2022|2021|
|---|---|---|---|---|
||||FTE|FTE|
|Teaching|||56.1|57.6|
|Teaching|support||12.8|12.1|
|Grounds,|maintenance|and admin|18.3|19.5|
|Drivers and cleaners|||13.4|12.1|
||||100.6|101.3|





## 

|The avera|ge monthly<br>|number ofemployees<br>during the year|was as follows:||
|---|---|---|---|---|
||||2022|2021|
|Teaching|||60|64|
|Teaching|support||23|17|
|Grounds,|maintenance|and admin|24|24|
|Drivers and Cleaners|||38|40|
||||145|145|



|||2022|2021|
|---|---|---|---|
|f60,001|—f.70,000|2|2|
|f80,001|- 690,000|1|1|



## 

|COMPAR|ATIVE|S FOR THE STATEMENT|OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
|INCOME|FROM|||||
|Donations|and legacies|||2,205|2,205|
|Charitable|activities|||||
|School fees receivable|||5,052,220||5,052,220|
|Additional|school|activities|427,551||427,551|
|Other|||123,927||123,927|
|Investment|income||77||77|
|Other income|||1,100||1,100|
|Total|||5,604,875|2,205|5,607,080|
|EXPENDITURE||ON||||
|Charitable|activities|||||
|School operating||costs|3,956,650|2,205|3,958,855|
|Welfare costs|||283,202||283,202|
|Transport|costs||308,699||308,699|
|Premises|||656,245|5,595|661,840|
|Total|||5,204,796|7,800|5,212,596|





|13.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||fund|fund|funds|
||NET INCOME/(EXPENDITURE)|||400,079|(5,595)|394,484|
||RECONCILIATION||OF FUNDS||||
||Total funds brought|forward||1,568,753|25,760|1,594,513|
||TOTAL FUNDS CARRIED FORWARD|||1,968,832|20,165|1,988,997|
|14.|TANGIBLE FIXED||ASSETS||||
|||||Freehold|Leasehold||
|||||land and|land and|Plant and|
|||||buildings|buildings|machinery|
||COST||||||
||At 1 September 2021|||5,270,793|271,205|172,183|
||Additions|||4,438||11,000|
||Dispo sais||||||
||At 31August 2022|||5,275,231|271,205|183,183|
||DEPRECIATION||||||
||At 1 September 2021|||273,747|148,540|155,036|
||Charge for year|||49,613|4,747|7,309|
||Eliminated<br>on disposal||||||
||At 31August 2022|||323,360|153,287|162,345|
||NET BOOKVALUE||||||
||At 31August 2022|||4,951,871|117,918|20,838|
||At 31August 2021|||4,997,046|122,665|17,147|





## 

|TANGIBLE FIXEDASSETS - continued||||
|---|---|---|---|
||Fixtures,|||
||fittings|||
||and|Motor||
||equipment|vehicles|Totals|
|COST||||
|At 1 September 2021|982,526|177,516|6,874,223|
|Additions|30,888||46,326|
|Dispo sais||(20,050)|(20,050)|
|At 31August 2022|1,013,414|157,466|6,900,499|
|DEPRECIATION||||
|At 1 September 2021|858,575|133,864|1,569,762|
|Charge for year|32,963|18,204|112,836|
|Eliminated<br>on disposal||(20,050)|(20,050)|
|At 31August 2022|891,538|132,018|1,662,548|
|NET BOOKVALUE||||
|At 31August 2022|121,876|25,448|5,237,951|
|At 31August 2021|123,951|43,652|5,304,461|



||Motor|
|---|---|
||vehicles|
|COST||
|At 1 September 2021 and 31August 2022|8,703|
|DEPRECIATION||
|At 1 September 2021|6,968|
|Charge for year|1,735|
|At 31August 2022|8,703|
|NET BOOKVALUE||
|At 31August 2022||
|At 31August 2021|1,735|





## 

|15.|STOCKS|||
|---|---|---|---|
|||2022|2021|
||Stocks|15,555|15,263|
|16.|DEBTORS|||
|||2022|2021|
||Amounts<br>falling due within one year:|||
||Trade debtors|1,048,435|1,029,067|
||VAT|6,190|3,461|
||Prepayments<br>and accrued income|62,208|37,562|
|||1,116,833|1,070,090|
||Amounts<br>falling due after more than one year:|||
||Other debtors|12,500|12,500|
||Aggregate<br>amounts|1,129,333|1,082,590|
||During the year nil (2021 - K7,474) school fees were written offas bad debts.|||
|17.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|||2022|2021|
||Bank loans and overdrafls<br>(see note 19)|84,845|102,616|
||Other loans (see note 19)|60,000|60,000|
||Trade creditors|140,380|48,291|
||Social security and other taxes|72,507|75,236|
||Accruals and deferred income|178,936|172,941|
||Fees invoiced in advance|1,481,464|1,428,440|
||Fees received in advance|1,799,477|1,542,631|
|||3,817,609|3,430,155|





## 

|||2022|2021|
|---|---|---|---|
|Bank loans|(see note 19)|1,961,474|2,026,907|
|Fees received in advance||56,372|136,126|
|||2,017,846|2,163,033|
|LOANS||||
|An analysis|ofthe matiuity ofloans is given below:|||
|||2022|2021|
|Amounts<br>falling due within one year on demand:||||
|Bank loans||84,845|102,616|
|Other loans||60,000|60,000|
|||144,845|162,616|
|Amounts<br>falling between one and two years:||||
|Bank loans|—1-2years|87,131|112,426|
|Amounts<br>falling due between two and five years:||||
|Bank loans|—2-5 years|278,154|287,268|
|Amounts<br>falling due in more than five years:||||
|Repayable|by instalments:|||
|Bank loans|more 5 yr by instal|1,596,189|1,627,213|



## 



## 

## 

## 

||||2022|2021|
|---|---|---|---|---|
|Within one year|||105,543|148,738|
|Between one and five years|||101,407|203,970|
||||206,950|352,708|
|Leases ofland and buildings|are subject to periodic rental reviews.||||
|ANALYSIS OF NET ASSETSBETWEEN FUNDS|||||
||||2022|2021|
||Unrestricted|Restricted|Total|Total|
||fund|fund|funds|funds|
|Fixed assets|5,225,343|12,608|5,237,951|5,304,461|
|Current assets|2,900,035|848|2,900,883|2,277,724|
|Current liabilities|(3,817,609)||(3,817,609)|(3,430,155)|
|Long term liabilities|(2,017,846)||(2,017,846)|(2,163,033)|
||2,289,923|13,456|2,303,379|1,988,997|
|MOVEMENT IN FUNDS|||||
||||Net||
||||movement|At|
|||At 1.9.21|in funds|31.8.22|
|Unrestricted<br>funds|||||
|General fund||1,968,832|321,091|2,289,923|
|Restricted funds|||||
|Restricted<br>fund||20,165|(6,709)|13,456|
|TOTALFUNDS||1,988,997|314,382|2,303,379|





## 

|Net movement<br>in funds, included|Net movement<br>in funds, included|Net movement<br>in funds, included|in the above|are as follows:|||
|---|---|---|---|---|---|---|
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|Unrestricted<br>funds|||||||
|General fund||||6,004,466|(5,683,375)|321,091|
|Restricted funds|||||||
|Restricted<br>fund||||1,217|(7,926)|(6,709)|
|TOTALFUNDS||||6,005,683|(5,691,301)|314,382|
|Comparatives<br>for movement||in|funds||||
||||||Net||
||||||movement|At|
|||||At 1.9.20|in funds|31.8.21|
|Unrestricted<br>funds|||||||
|General fund||||1,568,753|400,079|1,968,832|
|Restricted funds|||||||
|Restricted<br>fund||||25,760|(5,595)|20,165|
|TOTALFUNDS||||1,594,513|394,484|1,988,997|
|Comparative<br>net movement|in|funds, included||in the above are as follows:|||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|Unrestricted<br>funds|||||||
|General fund||||5,604,875|(5,204,796)|400,079|
|Restricted funds|||||||
|Restricted<br>fund||||2,205|(7,800)|(5,595)|
|TOTAL FUNDS||||5,607,080|(5,212,596)|394,484|





## 

|||Net||
|---|---|---|---|
|||movement|At|
||At 1.9.20|in funds|31.8.22|
|Unrestricted<br>funds||||
|General fund|1,568,753|721,170|2,289,923|
|Restricted funds||||
|Restricted<br>fund|25,760|(12,304)|13,456|
|TOTAL FUNDS|1,594,513|708,866|2,303,379|



||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|Unrestricted<br>funds||||
|General fund|11,609,341|(10,888,171)|721,170|
|Restricted funds||||
|Restricted<br>fund|3,422|(15,726)|(12,304)|
|TOTAL FUNDS|11,612,763|(10,903,897)|708,866|



## 

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