2022-08-31-accounts

Contents
ReportoftheboardofgovernorsincorporatingtheStrategicReport
Independentauditors'report	12-14
Consolidatedstatementoffinancialactivities	15 -16
Groupbalancesheet	17
Companybalancesheet	18
Consolidatedcashflowstatement	19
Notestothefinancialstatements	20-31

EXETERSCHOOL GROUPBALANCESHEETAT31AUGUST2022
		2022	2021
	Note	£	£
Fixedassets
Intangibleassets		203,732	234,088
Tangibleassets	N	25,380,738	24,942,761
Investments		632,128	674,237
		26,216,598	25,851,086
Currentassets
Stock		20,613	17,960
Debtors	10	3,408,691	2,992,717
Cashatbankandinhand		3,459,110	3,709,472
		6,888,414	6,720,149
Creditors:Amountsfallingduewithinoneyear	dd	(6,327,235)	(6,498,925)
Netcurrentassets		561,179	221,224
Totalassetslesscurrentliabilities		26,777,776	26,072,310
Creditors:Amountsfallingdueaftermorethanoneyear	12	(749,067)	(865,844)
Netassets		26,028,709	25,206,466
Funds
Unrestrictedfunds:
General	14	9,133,806	7,794,923
Designated	17	825,739	925,719
Restrictedfunds:
Restrictedincome	16	185,773	163,810
Capital(endowment)	15	15,883,392	16,322,014
		26,028,710	25,206,466
Thefinancialstatementsonpages15to31wereapprovedbythe	boardofgovernorson15March2023and
signedontheirbehalfby:
MrJ D Gaisford	MrsH Clark
Chairoftheboardofgovernors	Governor	andchairoftheJuniorSchool
	committee
Companyregistrationno:04470478

EXETERSCHOOL
COMPANYBALANCESHEETAT31AUGUST2022
		2022	2021
	Note	£	£
Fixedassets
Tangibleassets		25,336,764	24,917,144
Investments		1,006,149	1,048,258
		26,342,913	25,965,402
Currentassets
Stock		20,613	17,960
Debtors	10	3,352,391	2,931,668
Cashatbankandinhand		3,127,370	3,414,122
		6,500,374	6,363,750
Creditors:Amountsfallingduewithinoneyear	11	(6,135,041)	(6,264,900)
Netcurrentassets		365,333	98,850
Totalassetslesscurrentliabilities		26,708,246	26,064,252
Creditors:Amountsfallingdueaftermorethanoneyear	12	(749,067)	(865,844)
Netassets		25,959,179	25,198,408
Funds
Unrestrictedfunds:
General	14	9,064,275	7,786,865
Designated	17	825,739	925,719
Restrictedfunds:
Restrictedincome	16	185,773	163,810
Capital(endowment)	15	15,883,392	16,322,014
		25,959,179	25,198,408
Thefinancialstatementsonpages15to31wereapprovedbythe	boardofgovernorson15March2023and
signedon theirbehalfby:
MrJ D Gaisford	MrsH Clark
Chairoftheboardofgovernors	Governor	andchairoftheJuniorSchool
	committee
Companyregistrationno:04470478

EXETERSCHOOL
NOTESTOTHEFINANCIALSTATEMENTSFORTHEYEAR			ENDED31AUGUST	2022
4 STAFFCOSTS(continued)
Thenumberofemployeeswhoseemoluments		(includingemployer'spensioncontributions)			exceeded£60,000	were:
					2022	2021
					number	number
£60,001- £70,000					34	17
£70,001- £80,000					1.	1
£80,001- £90,000					2	3
£90,001- £100,000					2	-
£110,001- £120,000					1	1
£120,001 -£130,000					-	1
£130,001- £140,000					1	-
£170,001- £180,000					-	1
£180,001- £190,000					1	~
Numberwithretirementbenefitsaccruingindefinedcontributionschemes:					3	2
Ofwhichthecontributionsamountedto:					46,156	37,346
Numberwithretirementbenefitsaccruingindefinedbenefitschemes:					39	22
Ofwhichthecontributionsamountedto:					528,975	304,076
5 ANALYSISOFTOTALGROUPRESOURCESEXPENDED
	Staffcosts		Other	Depreciation	Total	2021
Charitableactivities		£	£	£	£	£
Teachingcosts	7,100,140		655,675	-	7,755,815	7,063,764
Welfarecosts	38,676		515,782	-	554,458	389,873
Premisescosts	596,453		1,177,528	613,663	2,387,644	2,081,473
Grants,awardsandprizes		-	35,035	-	35,035	34,805
Supportcosts	841,635		844,961	463,175	2,149,771	1,560,581
Other		-	130,192	-	130,192	112,473
	8,576,904		3,359,173	1,076,838	13,012,915	11,242,969
Totalresourcesexpendedincludesthe	following:				2022	2021
					£	£
Auditors'remuneration
Auditofthefinancialstatements	ofthegroupand		company		8,000	7,398
Auditofthefinancialstatements	ofthecompany's		subsidiaries		4,000	3,000
Operatingleaserentals- plant& machinery					5,597	8,237
6 INTANGIBLEFIXEDASSETS					Goodwill	Total
Group					£	£
Cost
At1 September2021					412,358	412,358
At31August2022					412,358	412,358
Accumulatedamortisation
At1 September2021					178,270	178,270
Chargefortheyear					30,356	30,356
At31August2022					208,626	208,626
Netbookvalue
At31August2022					203,732	203,732
At31August2021					234,088	234,088

EXETERSCHOOL	EXETERSCHOOL	EXETERSCHOOL	EXETERSCHOOL
NOTESTOTHEFINANCIALSTATEMENTSFOR THE				YEARENDED31AUGUST2022
7	TANGIBLEFIXEDASSETS
Group		Freeholdland “ae andbuildings		. Motorvehicles	Fixtures, —_ fittingsand . equipment	Assetsinthe courseof : construction		Total
			£	£	£		£	£
Cost
	At1 September2021	30,698,168		317,967	4,496,056		-	35,512,191
	Additions	-		26,977	225,768		1,262,070	1,514,815
	Disposals	-		-	(101,784)		-	(101,784)
	At31August2022	30,698,168		344,944	4,620,040		1,262,070	36,925,222
Accumulateddepreciation
	At1 September2021	7,735,266		281,994	2,552,170		-	10,569,430
	Chargefortheyear	613,663		28,130	435,045		-	1,076,838
	Eliminated
	ondisposals	-		-	(101,784)		-	(101,784)
	At31August2022	8,348,929		310,124	2,885,431		-	11,544,484
Net	bookvalue
	At31August2022	22,349,239		34,820	1,734,609		1,262,070	25,380,738
	At31August2021	22,962,902		35,973	1,943,886		-	24,942,761
		Feeheldland			. FEetUres,	A	: ssetsinthe
Company		sy ge andbuildings		Motorvehicles	fittingsand . equipment	courseof . construction		Total
			£	£	£		£	£
Cost
	At1 September2021	30,698,168		317,967	4,463,203		-	35,479,338
	Additions	-		26,977	202,165		1,262,070	1,491,212
	Disposals	-		-	(101,784)		-	(101,784)
	At31August2022	30,698,168		344,944	4,563,584		1,262,070	36,868,766
Accumulateddepreciation
	At1 September2021	7,735,266		281,994	2,544,934		-	10,562,194
	Chargefortheyear	613,663		28,130	429,799		-	1,071,592
	Eliminated
	ondisposals	-		-	(101,784)		-	(101,784)
	At31August2022	8,348,929		310,124	2,872,949		-	11,532,002
Net	bookvalue
	At31August2022	22,349,239		34,820	1,690,635		1,262,070	25,336,764
	At31August2021	22,962,902		35,973	1,918,269		-	24,917,144
Allthetangiblefixedassetsareheldforuseon			directcharitableactivities.
									26

10DEBTORS	Group	Group		Company	Company
	2022		2021	2022 2021
		£	£		£ £
Tradedebtors	2,825,527		2,449,229	2,759,971	2,363,020
Amountsowedbygroupundertakings	=		=	16,466	30,845
Otherdebtors	183,920		214,552	184,037	214,552
Prepaymentsandaccruedincome	399,244		328,936	391,917	323,251
	3,408,691		2,992,717	3,352,391	2,931,668
11CREDITORS:amountsfallingduewithinoneye:	Group			Company
	2022		2021	2022 2021
		£	£		£ £
Tradecreditors	636,062		714,804	631,931	696,092
Othercreditors	468,254		266,663	296,517	206,348
Advancepaymentofschoolfees	168,921		164,775	168,921	164,775
Accrualsanddeferredincome	4,907,621		5,209,219	4,892,225	5,054,221
Pensioncosts	146,377		143,464	145,447	143,464
	6,327,235		6,498,925	6,135,041	6,264,900
12CREDITORS:amountsfallingdueaftermorethz	Group			Company
	2022		2021	2022 2021
	£		£		£ f
Tradecreditors	307,875		255,730	307,875	255,730
Advancepaymentofschoolfees	441,192		610,114	441,192	610,114
	749,067		865,844	749,067	865,844
				2022 2021
Oftheamountsfallingdueaftermorethanoneyear,thefollowing		amounts		£ £
arerepayableaftermorethanfiveyears:				197,957	238,732
Tradecreditorsincludeacceptancedeposits,whicharepayableupona childacceptinga placeattheSchoolandare
repayablewhentheyleave,withoutadditionofinterest.	Agreementsfortheadvancepaymentofschoolfeeshavebeen
madeandallowforinterestaccruingtothelumpsumpaidatvaryingrates,accordingtotheprevailing					marketconditions
whentheadvancepaymentwasmade.
Deferredincomerepresentstheautumntermfeesinvoicedinadvance.
13COMMITMENTS- Groupandcompany				2022	2021
Futureminimumleasepaymentsundernon-cancellable	operating	leases:
withinoneyear				5,597	6,947
betweentwoandfiveyears					5,597

14ALLOCATIONOFTHECHARITYNET	ASSETS
	Unrestrictedfunds:			Restricted	funds:			Total
Group	General	Designated		Restricted esrere income	Capital apita (endowment)
	£		£	£		£		£
Intangibleassets	203,732	-		-	-			203,732
Tangibleassets	9,705,507	-		-	15,675,231		25,380,738
Investments	-	417,277		45,615	169,236			632,128
Stock	20,613	-		-	-			20,613
Debtors	3,408,621	-		-	70			3,408,691
Cashatbankandinhand	2,871,635	408,462		140,158	38,855			3,459,110
Creditors:Amountsfallingdue
withinoneyear	(6,327,235)	-		-	-		(6,327,235)
Creditors:Amountsfallingdue
aftermorethanoneyear	(749,067)	-		-	-			(749,067)
Netassets	9,133,806	825,739		185,773	15,883,392		26,028,709
	Unrestrictedfunds:			Restricted	funds:			Total
Company	General	Designated		Restricted es" income	Capital > (endowment)
	£		£	£		£		£
Tangibleassets	9,661,533	-		-	15,675,231		25,336,764
Investments	374,021	417,277		45,615	169,236			1,006,149
Stock	20,613	-		-				20,613
Debtors	3,352,321	-		-	70			3,352,391
Cashatbankandinhand	2,539,895	408,462		140,158	38,855			3,127,370
Creditors:Amountsfallingdue
withinoneyear	(6,135,041)	-		-	-		(6,135,041)
Creditors:Amountsfallingdue
aftermorethanoneyear	(749,067)	-		-	-			(749,067)
Netassets	9,064,275	825,739		185,773	15,883,392		25,959,179
15CAPITAL(ENDOWMENT)FUNDS	at1 september	Incoming		Resources	Transfers	&	At	31August
	2021	resources		expended	investmentgains			2022
GroupandCompany	£		£	£		£		£
Freeholdproperty	16,112,788			(437,557)	-		15,675,231
Hardshipfunds	128,363	1,161		-	(760)			128,764
Prizefunds	7,908	-		-	(227)			7,681
Specificfunds	72,955	451		-	(1,690)			71,716
	16,322,014	1,612		(437,557)	(2,677)		15,883,392
TheFreeholdpropertyfundrepresents	thepermanent	endowmentproperty		whichisowned	byExeterSchool		Trust.
TheHardship,PrizeandSpecificFunds	arecomprisedof25individual		funds,	givenforpurposesspecifiedbythedonor.

19RECONCILIATIONOFNETCASHFLOWTOMOVEMENTIN	NETFUNDS		2022——	027
			£		£
Increase/(Decrease)incashintheperiod			(250,362)	932,550
			(250,362)	932,550
Movementinnetfundsintheperiod			(250,362)	932,550
Netfundsat1 Sepyember2021			3,709,472	2,776,922
Netfundsat31August2022			3,459,110	3,709,472
20ANALYSISOFCHANGESINNETFUNDS	At1 September 9021		Cashflow	At31August 2022
		£	£		£
Cashatbankandinhand	3,709,472		(250,362)	3,459,110
	3,709,472		(250,362)	3,459,110
21RELATEDPARTYTRANSACTIONS
Therewerenorelatedpartytransactionsduringtheyear.