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2023-08-31-accounts
| Interim Head |
Mr A Duncan (Academic year 2022/23) |
| Headmaster |
Mr T Butcher (from 1 September 2023) |
| DirectorofFinance & |
MsKDennett |
| Resources |
|
| Address |
The Pilgrims' School |
|
3 The Close |
|
Winchester |
|
Hampshire |
|
SO23 9LT |
| Bankers |
National Westminster Bankpk |
|
105 High Street |
|
Winchester |
|
Hampshire |
|
SO23 9AW |
|
Lloyds BankPk |
|
Black Horse House |
|
Jacobs Yard |
|
London Street |
|
Basingstoke |
|
Hampshire |
|
RG217NT |
| Solicitors |
Blake Morgan |
|
New Kings Court |
|
Tollgate |
|
Chandler's Ford |
|
Eastleigh |
|
Hampshire |
|
S0533LG |
| Auditors |
.~etsAudit Services |
|
Athenia House |
|
10-14 .Andover Road |
|
Winchester |
|
SO237BS |
| Reviewofachievementsand |
performance for the year |
| During the year the School had |
the following numbers: |
| Choristers: |
20 |
| Quiristers: |
16 |
| Commoner Boarders: |
41 |
| Commoner Day Boys: |
130 |
| Pre-Prep: |
36 |
| Total: |
243 (Average numberofpupils for 2022/23) |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
Funds |
|
Note |
2023 |
2023 |
2023 |
2022 |
|
|
£ |
£ |
£ |
£ |
| Incomingresources |
|
|
|
|
|
| Incomefromcharitableactivities |
|
|
|
|
|
| Fees receivable |
1 |
5,096,203 |
|
5,096,203 |
5,153,025 |
| OtherSchool income |
2 |
90,462 |
|
90,462 |
72,783 |
| Incomefromgeneratedfunds |
|
|
|
|
|
| Grants and donations |
|
10,975 |
|
10,975 |
|
| _Activitiesfargemratingf11nds: _ |
|
|
|
|
|
| Hi.reofpremises |
|
2,600 |
|
2,600 |
1,300 |
| Bank interest receivable |
|
11,943 |
1,829 |
13,772 |
2,574 |
| Totalincomingresources |
|
5,212,183 |
1,829 |
5,214,012 |
5,229,682 |
| Resources expended |
|
|
|
|
|
| Charitable activities |
|
|
|
|
|
| School operating costs |
|
5,073,250 |
495 |
5,073,745 |
5,142,182 |
| Costsofgeneratingfullds |
|
|
|
|
|
| Fund.raising for voluntary income |
|
46,209 |
|
46,209 |
46,254 |
| School financing costs |
5 |
9,861 |
|
9,861 |
9,268 |
| Total resources expended |
6 |
5,129,320 |
495 |
5,129,815 |
5,197,704 |
| Netincomingresources |
|
82,863 |
1,334 |
84,197 |
31,978 |
| Transfers between funds |
|
|
|
|
|
| Nctmovementinfundsfor theyear |
|
82,863 |
1,.334 |
84,197 |
31,978 |
| Balances brought forward |
|
|
|
|
|
| at 1 September 2022 |
|
4,017,317 |
93,015 |
4,110,332 |
4,078,354 |
| Balancescarriedforward |
|
|
|
|
|
| at31August2023 |
|
4,100,180 |
94,349 |
4,194,529 |
4,110,332 |
|
Note |
2023 |
2022 |
|
|
£ |
£ |
| Fixed assets |
|
|
|
| :rangible assets |
8 |
3,906,164 |
4,047,586 |
| Current assets |
|
|
|
| Stocks |
9 |
|
1,276 |
| Debtors |
10 |
1,110,914 |
1,196,223 |
| Cash at bank andinhand |
|
1,398,004 |
1,248,894 |
|
|
2,508,918 |
2,446,393 |
| Creditors: amountsfallingduewithinone year |
11 |
(2,195,898) |
(2,277,274) |
| Netcurrent assets |
|
313,020 |
169,119 |
| Total assets lesscwrentliabilities |
|
4,219,184 |
4,216,705 |
| Creditors: amountsfallingdue after more than one year |
12 |
(24,655) |
(106,373) |
| Netassets |
|
4,194,529 |
4,110,332 |
| Funds |
|
|
|
| Unrestricted funds: General reserve |
13 |
4,100,180 |
4,017,317 |
| Restricted funds |
14 |
94,349 |
93,015 |
|
|
4,194,529 |
4,110,332 |
|
2023 |
2022 |
|
£ |
£ |
| Cash flows from operating activities |
|
|
| Net movement in funds |
84,197 |
31,978 |
| Adjustmentsfor: |
|
|
| Depreciationoftangible assets |
225,575 |
209,354 |
| Interest payable |
7,861 |
5,111 |
| Interest receivable |
(13,772) |
(781) |
| Decrease/ (increase)indebtors |
85,309 |
(26,786) |
| Decreaseinstocks |
1,276 |
2,197 |
| Increase in creditors |
13,733 |
56,830 |
| Netcash generated from operating |
404,179 |
277,903 |
| activities |
|
|
| Cashflows frominvestingactivities |
|
|
| Purchaseoftangible assets |
(84,153) |
(338,486) |
| Interest received |
13,772 |
781 |
Netcashoutflow frominvesting
activities |
(70,381) |
(337,705) |
| Cashflows fromfinancingactivities |
|
|
| Repaymentofbank and other loans |
(176,827) |
(172,133) |
| Interest paid |
(7,861) |
(5,111) |
| Netcash(outflow)/inflowfrom |
|
|
| financing activities |
(184,688) |
(177,244) |
| Netincrease/(decrease)incashatbank |
|
|
| andinhand |
149,110 |
(237,046) |
| Cash at bank and in hand at the beginning |
|
|
| ofyear |
1,248,894 |
1,485,940 |
| Cash at bank andinhand |
1,398,004 |
1,248,894 |
| Netcash |
|
|
| Cash at bank and in hand |
1,398,004 |
1,248,894 |
| Bank loans due within one year |
(81,804) |
(176,913) |
| Bank loans due after oneyear |
(24,655) |
(106,373) |
|
1,291,545 |
965,608 |
| 1 |
F-sreceivable |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Dayboys |
2,717,050 |
2,549,418 |
|
Boarders |
1,104,830 |
1,382,043 |
|
Pre-Prep |
413,519 |
383,937 |
|
Choristers |
529,962 |
513,480 |
|
Quiriste.rs |
433,728 |
417,040 |
|
Sundryfeeincome |
2,430 |
2,127 |
|
Grossfees.receivable |
5,201,519 |
5,248,045 |
|
Less: |
|
|
|
Bursaries |
(115,649) |
(107,145) |
|
|
5,085,870 |
5,140,900 |
|
Disbursements (net) |
10,221 |
7,201 |
|
Fees .remission scheme commission |
112 |
34 |
|
|
5,096,203 |
5,148,135 |
|
Add: Bursaries from .restricted funds |
|
4,890 |
|
|
5,096,203 |
5,153,025 |
| 2 |
OtherSchoolIncome |
|
|
| OtherSchoolIncome |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Learning support |
35,829 |
16,630 |
| Holiday sports courses/other clubs |
29,905 |
24,789 |
| Choir time and expenses recharged |
11,511 |
9,083 |
| Registrationfees |
8,597 |
11,001 |
| Deposits fotfeited |
|
500 |
| Music facility charge |
3,890 |
3,930 |
| Sundry income |
730 |
6,850 |
|
90,462 |
72,783 |
| Staffcosts |
|
|
|
2023 |
2022 |
|
{. |
£ |
| Wages and salaries |
2,730,250 |
2,856,334 |
| Social security costs |
257,750 |
282,259 |
| Pension contributions |
400,443 |
418,630 |
|
3,388,443 |
3,557,223 |
| The averagenumberofemployees in the yearwas: |
|
|
|
2023 |
2022 |
|
Number |
Number |
| Teaching |
54 |
54 |
| Domestic/Welfare |
32 |
36 |
| Administration |
11 |
11 |
|
97 |
101 |
|
|
2023 |
2022 |
|
|
Number |
Number |
| £60,001 |
to_[J0,000_ |
3 |
3 |
| [J0,001 |
to £80,000 |
1 |
2 |
| £90,001 |
to £100,000 |
1 |
1 |
| Govemancecosts |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Auditors' remuneration: statutory audit services |
16,016 |
16,645 |
| Otherprofessional fees |
37,882 |
51,804 |
| Liability insurance |
17,445 |
12,425 |
|
71,343 |
80,874 |
| School financing costs |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Bank loan interest |
7,861 |
5,111 |
| Otherinterest and similar charges payable |
2,000 |
4,157 |
|
9,861 |
9,268 |
|
Staffcosts |
Other |
2023 |
Staff costs |
Other |
2022 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Charitable |
|
|
|
|
|
|
| activities |
|
|
|
|
|
|
| School operating |
costs: |
|
|
|
|
|
Teaching
costs |
2,438,017 |
198,757 |
2,636,774 |
2,613,662 |
183,149 |
2,796,811 |
| Welfare costs |
389,779 |
350,763 |
740,542 |
395,164 |
303,275 |
698,439 |
| Premises |
212,499 |
1,008,049 |
1,220,548 |
206,254 |
958,468 |
1,164,722 |
Support costs
ofschooling |
348,148 |
55,895 |
404,043 |
342,143 |
13,919 |
356,062 |
Grants awards
and prizes |
|
495 |
495 |
|
5,274 |
5,274 |
Governance
costs |
|
71,343 |
71,343 |
|
120,874 |
120,874 |
|
3,388,443 |
1,685,302 |
5,073,745 |
3,557,223 |
1,584,959 |
5,142,182 |
| Costsof |
|
|
|
|
|
|
| generating |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
Fundraising
costs |
|
46,209 |
46,209 |
|
46,254 |
46,254 |
| Finance costs |
|
9,861 |
9,861 |
|
9,268 |
9,268 |
|
3,388,443 |
1,741,372 |
5,129,815 |
3,557,223 |
1,640,481 |
5,197,704 |
| Thisisstated after charging: |
2023 |
2022 |
|
£ |
£ |
| Dcprerutionoftangible fixed assets |
225,575 |
209,354 |
| Auditors remuneration - audit services |
16,016 |
16,645 |
| Operating lease rentals - land and buildings |
198,455 |
204,665 |
|
|
Long |
|
|
|
|
School |
leasehold |
|
Motor |
|
|
buildings |
property |
Equipment |
vehicles |
Total |
|
£ |
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
|
| At1 September 2022 |
4,937,287 |
50,930 |
1,586,701 |
69,181 |
6,644,099 |
| Additions |
|
|
84,153 |
|
84,153 |
| At31August 2023 |
4,937,287 |
50,930 |
1,670,854 |
69,181 |
6,728,252 |
| Depreciation |
|
|
|
|
|
| At1 September 2022 |
1,612,677 |
|
923,583 |
60,253 |
2,596,513 |
| Charge for theyear |
102,002 |
|
122,542 |
1,031 |
225,575 |
| At31August 2023 |
1,714,679 |
|
1,046,125 |
61,284 |
2,822,088 |
| Netbookvalue at |
|
|
|
|
|
| 31August 2023 |
3,222,608 |
50,930 |
624,729 |
7,898 |
3,906,164 |
| Netbook value at |
|
|
|
|
|
| 31August 2022 |
3,324,610 |
50,930 |
663,118 |
8,928 |
4,047,586 |
| 10 |
Debtors |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Fees |
972,799 |
1,082,468 |
|
Others |
138,115 |
113,755 |
|
|
1,110,914 |
1,196,223 |
| 11 |
Creditors: amounts falling due within oneyear |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Bank loan |
71,804 |
166,913 |
|
Bounce Back loan |
10,000 |
10,000 |
|
Amounts owing to suppliers |
125,420 |
159,041 |
|
Payroll taxesanddeductions |
|
21 |
|
Fees invoicedinadvance |
1,592,986 |
1,679,003 |
|
Pupil deposits |
130,436 |
124,660 |
|
Othercreditors |
48,044 |
61,694 |
|
Accruals |
217,208 |
75,942 |
|
|
2,195,898 |
2,277,274 |
|
Analysisofdeferred income: |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Deferred income at 1 September 2022 |
1,679,003 |
1,637,260 |
|
Resources deferred during theyear |
1,592,986 |
1,679,003 |
|
Amounts released from previous years |
(1,679,003) |
(1,637,260) |
|
Deferred income at31August 2023 |
1,592,986 |
1,679,003 |
| 12 |
Creditors: amounts falling dueaftermore than oneyear |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Bank loan |
|
72,110 |
|
Bounce Back loan |
24,655 |
34,263 |
|
|
24,655 |
106,373 |
| Included within the above are amountsfallingdueasfollows: |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Bankloans |
|
|
| Between one and two years |
24,655 |
82,110 |
| Between two andfiveyears |
|
24,263 |
|
General |
|
reserve |
|
£ |
| At1September2022 |
4,017,317 |
| Incoming resources |
5,212,183 |
| Resources expended |
(5,129,320) |
| At31August2023 |
4,100,180 |
|
TheGavin Roynon |
|
|
|
Chorister Bursary |
Prizes |
|
|
Fund |
Fund |
Total |
|
£ |
£ |
£ |
| ,O,.t1September2022 |
91,427 |
1,588 |
93,015 |
| Incomingresources |
|
|
|
| • Interest received |
1,829 |
|
1,829 |
| Resources |
|
|
|
| CJ,.'J)Cnded |
|
|
|
| • Bursaries and prizes |
|
~49Sl |
{49Sl |
| At31August 2023 |
93,256 |
1,093 |
94,349 |
|
Tangible |
|
|
|
|
|
fixed |
Current |
Current |
Long-term |
|
|
assets |
assets |
liabilities |
liabilities |
Total |
|
£ |
£ |
£ |
£ |
£ |
| General fund |
3,906,164 |
2,414,569 |
(2,195,898) |
(24,655) |
4,100,180 |
| Restricted funds |
|
94,349 |
|
|
94,349 |
|
3,906,164 |
2,508,918 |
(2,195,898) |
(24,655) |
4,194,529 |
| Prior year |
|
|
|
|
|
|
Tangible |
|
|
|
|
|
fixed |
Current |
Current |
Long-term |
|
|
assets |
assets |
liabilities |
liabilities |
Total |
|
£ |
£ |
£ |
£ |
£ |
| General fund |
4,047,586 |
2,353,378 |
(2,277,274) |
(106,373) |
4,017,317 |
| Restricted funds |
|
93,015 |
|
|
93,015 |
|
4,047,586 |
2,446,393 |
(2,277,274) |
(106,373) |
4,110,332 |
At31August2023the School had future minimum rentals p
asfollows: |
ayable under non-cancellable o |
perating leases |
|
Laod and |
buildings |
|
2023 |
2022 |
|
£ |
£ |
| Non-cancellable lease commitments: |
|
|
| Withinlyear |
225,455 |
174,665 |
| Between 2 and 5 years |
280,590 |
513,220 |
| After more than S years |
23,350 |
23,375 |
|
|
Umestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
Funds |
|
Note |
2022 |
2022 |
2022 |
2021 |
|
|
£ |
£ |
£ |
£ |
| Incomingresources |
|
|
|
|
|
| Incomefromcharitableactivities |
|
|
|
|
|
| Fees receivable |
|
5,153,025 |
|
5,153,025 |
4,675,378 |
| Other School income |
2 |
72,783 |
|
72,783 |
137,716 |
| Iri.comefromgeneratedfurids |
|
|
|
|
|
| Grants and donations |
|
|
|
|
23,900 |
| Artillitiufargmtratingfimdr: |
|
|
|
|
|
| Hireofpremises |
|
1,300 |
|
1,300 |
1,625 |
| Bank interest receivable |
|
781 |
1,793 |
2,574 |
1,979 |
| Totalincomingresources |
|
5,227,889 |
1,793 |
5,229,682 |
4,840,598 |
| Resourcesexpended |
|
|
|
|
|
| Charitableactivities |
|
|
|
|
|
| School operating costs |
|
5,136,908 |
5,274 |
5,142,182 |
4,926,801 |
| Costsofgeneratirigfurids |
|
|
|
|
|
| Fundtaising for voluntary income |
|
46,254 |
|
46,254 |
37,795 |
| School financing costs |
5 |
9,268 |
|
9,268 |
8,874 |
| Totalresourcesexpended |
6 |
5,192,430 |
5,274 |
5,197,704 |
4,973,470 |
| Netincoming/(outgoing) |
|
|
|
|
|
| .resources |
|
35,459 |
(3,481) |
31,978 |
(132,872) |
| Transfers between funds |
|
|
|
|
|
| Netmovementinfundsfortheyear |
|
35,459 |
(3,481) |
31,978 |
(132,872) |
| Balances brought forward |
|
|
|
|
|
| at 1 September2021 |
|
3,981,858 |
96,496 |
4,078,354 |
4,211,226 |
| Balancescarriedforward |
|
|
|
|
|
| at31August2022 |
|
4,017,317 |
93,015 |
4,110,332 |
4,078,354 |