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|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|





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|**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)|



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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|Funds|
||Note|2023|2023|2023|2022|
|||£|£|£|£|
|Incomingresources||||||
|_Incomefrom_**_charitable_**_activities_||||||
|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||||||
|Nctmovementinfunds**for the**year||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<br>**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 and**in**hand**|**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|





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|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 average**numberofemployees 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|





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|**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<br>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<br>ofschooling|**348,148**|**55,895**|**404,043**|342,143|13,919|356,062|
|Grants awards<br>and prizes||**495**|**495**||5,274|5,274|
|Governance<br>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<br>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|



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|**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|





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|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**|



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|At31August2023the School had future minimum rentals p<br>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|





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|||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|
|Resources**expended**||||||
|**_Charitable_**_activities_||||||
|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|