## 

## 

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





# 












# 












# 



# 





















|`EXETERSCHOOL`<br>`GROUPBALANCESHEETAT31AUGUST2022`||||
|---|---|---|---|
|||`2022`|`2021`|
||`Note`|`£`|`£`|
|`Fixedassets`||||
|`Intangibleassets`||`203,732`|`234,088`|
|`Tangibleassets`|`N`|`25,380,738`|`24,942,761`|
|`Investments`||`632,128`|`674,237`|
||<br>|<br> <br>`26,216,598`|<br> <br>`25,851,086`|
|`Currentassets`||||
|`Stock`||`20,613`|`17,960`|
|`Debtors`|`10`|`3,408,691`|`2,992,717`|
|`Cashatbankandinhand`||`3,459,110`|`3,709,472`|
|||<br>`6,888,414`|<br>`6,720,149`|
|`Creditors:Amountsfallingduewithinoneyear`|`dd`|`(6,327,235)`|`(6,498,925)`|
|`Netcurrentassets`|<br>|<br> <br>`561,179`|<br> <br>`221,224`|
|`Totalassetslesscurrentliabilities`||`26,777,776`|`26,072,310`|
|`Creditors:Amountsfallingdueaftermorethanoneyear`|`12`|`(749,067)`|`(865,844)`|
|`Netassets`|<br>|<br> <br>`26,028,709`|<br> <br>`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`|
||<br>|<br>`26,028,710`<br>|<br>`25,206,466`<br>|
|`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`|
||<br>|<br> <br>`26,342,913`|<br> <br>`25,965,402`|
|`Currentassets`||||
|`Stock`||`20,613`|`17,960`|
|`Debtors`|`10`|`3,352,391`|`2,931,668`|
|`Cashatbankandinhand`||`3,127,370`|`3,414,122`|
|||<br>`6,500,374`|<br>`6,363,750`|
|`Creditors:Amountsfallingduewithinoneyear`|`11`|`(6,135,041)`|`(6,264,900)`|
|`Netcurrentassets`|<br>|<br> <br>`365,333`|<br> <br>`98,850`|
|`Totalassetslesscurrentliabilities`||`26,708,246`|`26,064,252`|
|`Creditors:Amountsfallingdueaftermorethanoneyear`|`12`|`(749,067)`|`(865,844)`|
|`Netassets`|<br>|<br> <br>`25,959,179`|<br> <br>`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`|
||<br>|<br>`25,959,179`<br>|<br>`25,198,408`<br>|
|`Thefinancialstatementsonpages15to31wereapprovedbythe`|`boardofgovernorson15March2023and`|||
|`signedon theirbehalfby:`||||
|`MrJ D Gaisford`|`MrsH Clark`|||
|`Chairoftheboardofgovernors`|`Governor`|`andchairoftheJuniorSchool`||
||`committee`|||
|`Companyregistrationno:04470478`||||











# 






# 






|`EXETERSCHOOL`|||||||
|---|---|---|---|---|---|---|
|`NOTESTOTHEFINANCIALSTATEMENTSFORTHEYEAR`|||`ENDED31AUGUST`|`2022`|||
|`4`<br>`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`<br>`-£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`<br>`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`|
|<br>|<br> <br>`8,576,904`||<br> <br>`3,359,173`|<br> <br>`1,076,838`|<br> <br>`13,012,915`|<br> <br>`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`|||||<br>`5,597`|<br>`8,237`|
|`6`<br>`INTANGIBLEFIXEDASSETS`|||||`Goodwill`|`Total`|
|`Group`|||||`£`|`£`|
|`Cost`|||||||
|`At1 September2021`|||||`412,358`|`412,358`|
|`At31August2022`||||<br>|<br> <br>`412,358`|<br> <br>`412,358`|
|`Accumulatedamortisation`|||||||
|`At1 September2021`|||||`178,270`|`178,270`|
|`Chargefortheyear`|||||<br>`30,356`|<br>`30,356`|
|`At31August2022`||||<br>|<br> <br>`208,626`|<br> <br>`208,626`|
|`Netbookvalue`|||||||
|`At31August2022`|||||`203,732`|`203,732`|
|`At31August2021`||||<br>|<br>`234,088`<br>|<br>`234,088`<br>|





## 

|`EXETERSCHOOL`|`EXETERSCHOOL`|`EXETERSCHOOL`|`EXETERSCHOOL`|||||||
|---|---|---|---|---|---|---|---|---|---|
|`NOTESTOTHEFINANCIALSTATEMENTSFOR THE`||||`YEARENDED31AUGUST2022`||||||
|`7`|`TANGIBLEFIXEDASSETS`|||||||||
|`Group`||`Freeholdland`<br>`“ae`<br>`andbuildings`||`.`<br>`Motorvehicles`|`Fixtures,`<br>`—_`<br>`fittingsand`<br>`.`<br>`equipment`|`Assetsinthe`<br>`courseof`<br>`:`<br>`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`|<br> <br>`30,698,168`|<br> <br>|<br> <br>`344,944`|<br> <br>`4,620,040`|<br>|<br> <br>`1,262,070`|<br> <br>`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`|<br> <br>`8,348,929`|<br> <br>|<br> <br>`310,124`|<br> <br>`2,885,431`|<br>|<br> <br>`-`|<br> <br>`11,544,484`||
|`Net`|`bookvalue`|||||||||
||`At31August2022`|`22,349,239`||`34,820`|`1,734,609`||`1,262,070`|`25,380,738`||
||`At31August2021`|<br> <br>`22,962,902`|<br> <br>|<br> <br>`35,973`|<br> <br>`1,943,886`|<br>|<br> <br>`-`|<br> <br>`24,942,761`||
|||`Feeheldland`|||`.`<br>`FEetUres,`|`A`|<br>`:`<br>`ssetsinthe`|||
|`Company`||`sy`<br>`ge`<br>`andbuildings`||`Motorvehicles`|`fittingsand`<br>`.`<br>`equipment`|`courseof`<br>`.`<br>`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`|<br>`30,698,168`|<br>|<br>`344,944`|<br>`4,563,584`||<br>`1,262,070`|<br>`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`|<br>`8,348,929`|<br>|<br>`310,124`|<br>`2,872,949`||<br>`-`|<br>`11,532,002`||
|`Net`|`bookvalue`|||||||||
||`At31August2022`|`22,349,239`||`34,820`|`1,690,635`||`1,262,070`|`25,336,764`||
||`At31August2021`|<br>`22,962,902`<br>|<br> <br>|<br>`35,973`<br>|<br>`1,918,269`<br>|<br>|<br>`-`<br>|<br>`24,917,144`<br>||
|<br>`Allthetangiblefixedassetsareheldforuseon`|||<br>`directcharitableactivities.`||<br>|||||
||||||||||`26`|









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






|`14ALLOCATIONOFTHECHARITYNET`|`ASSETS`||||||||
|---|---|---|---|---|---|---|---|---|
||`Unrestrictedfunds:`|||`Restricted`|`funds:`|||`Total`|
|`Group`|`General`|`Designated`||`Restricted`<br>`esrere`<br>`income`|`Capital`<br>`apita`<br>`(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`<br> <br>|<br> <br>`9,133,806`|<br> <br>`825,739`|<br> <br>|<br> <br>`185,773`|<br> <br>`15,883,392`|<br> <br>|<br> <br>`26,028,709`||
||`Unrestrictedfunds:`|||`Restricted`|`funds:`|||`Total`|
|`Company`|`General`|`Designated`||`Restricted`<br>`es" `<br>`income`|`Capital`<br>`>`<br>`(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`<br> <br>|<br> <br>`9,064,275`|<br> <br>`825,739`|<br> <br>|<br> <br>`185,773`|<br> <br>`15,883,392`|<br> <br>|<br> <br>`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`|
|<br>|<br>`16,322,014`<br>|<br>`1,612`<br>|<br> <br>|<br>`(437,557)`<br>|<br>`(2,677)`<br>||<br>`15,883,392`<br>||
|`TheFreeholdpropertyfundrepresents`|`thepermanent`|`endowmentproperty`||`whichisowned`|`byExeterSchool`||`Trust.`||
|`TheHardship,PrizeandSpecificFunds`|`arecomprisedof25individual`||`funds,`|`givenforpurposesspecifiedbythedonor.`|||||








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