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|Statutory Information||
|Report ofthe Governors|2-9|
|Report ofthe Auditors|10-12|
|Statement ofFinancial Activities|13|
|Balance Sheet|14|
|Statement ofCash Flows|15|
|Notes to the Financial Statements|16 - 29|
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||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|2022|2021|
|||Notes||||||
|INCOME AND ENDOWMENTS||FROM:||||||
|Charitable
activities:||||||||
|Fees receivable||2|2,888,810|||2,888,810|2,678,833|
|Other educational
income||3a|197,384|||197,384|152,962|
|Other trading activities:||||||||
|Investment
income||3b|5|7,329||7,334|10,678|
|Rents, lettings and other income|||44,984|||44,984|74,922|
|Donations|||4,032|87,467||91,499|13,550|
|Government
grants|||736|||736|55,455|
|Total income|||3,135,951|94,796||3,230,747|2,986,400|
|EXPENDITURE ON:||||||||
|Charitable
activities:||||||||
|Teaching costs|||1,536,144|||1,536,144|1,461,845|
|Educational
support costs|||1,296,198|43,730||1,339,928|1,261,570|
|Premises|||336,505|||336,505|340,318|
|Tots 1expenditure||5|3,168,847|43,730||3,212,577|3,063,733|
|Gains on investments||||||||
|Unrealised
(losses)gains|on|10|||(12,322)|(12,322)|39,711|
|investments||||||||
|Net income/(expenditure)|||(32,896)|51,066|(12,322)|5,848|(37,622)|
|Transfers
between
funds|||21,492|(21,492)||||
|Net niovement
in funds|||(11,404)|29,574|(12,322)|5,848|(37,622)|
|Funds brought
forward at||||||||
|I September 2021|||412,783|62,741|266,077|741,601|779,223|
|Fund carried forward||||||||
|at 31August 2022|||401,379|92,315|253,755|747,449|741,601|
##
|SaliSbury Cath
BALANCE SHEET
as at 31Au ust 2022|edral
SChOO1 Limited (A co|mpany
limited|by guarant|ee)|
|---|---|---|---|---|
|||Notes|2022|2021|
|||||8|
|FIXEDASSETS|||||
|Intangible
assets||8|17,040|23,348|
|Tangible assets||9|281,353|107,724|
|Investments||10|253,855|266,177|
||||552,248|397,249|
|CURRENT ASSETS|||||
|Stock||12|32,293|31,894|
|Debtors||13|91,641|123,444|
|Cash at bank and in hand|||935,781|781,058|
||||1,059,715|936,396|
|CREDITORS: Amounts|falling due within one year|14|(623,303)|(551,794)|
|NET CURRENT ASSETS|||436,412|384,602|
|TOTAL ASSETSLESSCURRENT LIABILITIES|||988,660|781,851|
|CREDITORS: Amounts|falling due atter more than one year|15|(241,211)|(40,250)|
|NET ASSETS|||747,449|741,601|
|Representing:|||||
|ENDOWED FUNDS||17|253,755|266,077|
|RESTRICTED FUNDS||18|92,315|62,741|
|UNRESTRICTED FUNDS|||||
|General Fund|||401,379|412,783|
|TOTALFUNDS||19|747,449|741,601|
|SaliSb~ Cathedral
SCh
TATEMENT OF CASH FLOWS
or the year-ended
31Au
st 2022|OO1 Limited (|A comp|any
limited by gu|arantee)|
|---|---|---|---|---|
||||2022|2021|
|||Note|||
|CASH FLOWS FROM OPERATING|ACTIVITIES||||
|Net cash provided
by operating
activities||22|115,665|84,908|
|CASH FLOWS FROM INVESTING ACTIVITIES|||||
|Purchase oftangible fixed assets|||(209,404)|(31,709)|
|Purchase ofintangible
fixed assets|||||
|Interest received|||5|7|
|Dividends
received|||7,329|10,671|
|Proceeds on sale oftangible
assets|||||
|NET CASH (USED IN)/PROVIDED|BYINVESTING||||
|ACTIVITIES|||(202,070)|(21,031)|
|CASH FLOWS FROM FINANCING ACTIVITIES|||||
|New loans in year|||250,000||
|Loan repayments|||(8,872)||
|NET CASH (USED IN)/PROVIDED|BY FINANCING||||
|ACTIVITIES|||241,128||
|INCREASE IN CASH IN THE YEAR|||154,723|63,877|
|CASH AND CASH EQUIVALENTS AT 1SEPTEMBER|||781,058|717,181|
|CASH AND CASH EQUIVALENTS AT 31AUGUST|||935,781|781,058|
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||||g|
|Gross fees receivable|||||||3,310,955|3,177,696|
|Less:|||||||||
|Allowances|||||||||
|Means tested|bursaries||||||(248,422)|(316,295)|
|Scholarships|||||||(750)|(2,367)|
|Discounts|||||||(209,115)|(214,787)|
||||||||2,852,668|2,644,247|
|Add back discounts||and scholarships||paid out ofrestricted||funds|34 142|34,586|
||||||||2,888,810|2,678,833|
|All income|from|fees receivable|was unrestricted||in both|2022 and 2021.|||
##
##
|(a) OTHER|EDUCATIONAL
INCOME|||
|---|---|---|---|
|||2022|2021|
||||g|
|Reimbursements:||||
|Chorister Holidays||63,620|45,000|
|Sundry Income|||4,025|
|||63,620|49,025|
|Recoverable|extras and related income|98,651|69,571|
|Registration|fees|2,648|5,050|
|Uniform
Shop income||32,465|29,316|
|||133,764|103.937|
|||197,384|l52,962|
##
|(b) INVE|STMENT INCOME|||
|---|---|---|---|
|||2022|2021|
|||g|f.|
|Bank interest received||5|7|
|Dividend|income|7,329|10,671|
|||7,334|10,678|
##
|2022|2021f|
|---|---|
|736|55,455|
##
##
|||Staff costs|Depreciation|Other|Total|Total|
|---|---|---|---|---|---|---|
||||and|costs|2022|2021|
||||amortisation||||
|||f|8|8|8||
|Charitable
expenditure:|||||||
|Teaching costs||1,499,541||36,603|1,536,144|1,461,845|
|Educational
support costs:|||||||
|Stafftraining &recruitment||||6,891|6,891|15,875|
|Household
expenses||||205,212|205,212|130,075|
|Property
and grounds||62,832|||62,832|61,028|
|Other school running|costs|576,200||410,532|986,732|975,550|
|Marketing
costs||||62,240|62,240|52,192|
|Loss/(profit)
on disposal of||||470|470||
|fixed assets|||||||
|Premises|||41,613|294,422|336,035|340,318|
|Governance
costs||||16,021|16,021|26,850|
|||2,138,573|41,613|1,032,391|3,212,577|3,063,733|
##
|STAFFCOSTS|||||
|---|---|---|---|---|
||||2022|2021|
|Wages and salaries|||1,812,130|1,723,422|
|Social security costs|||149,894|130,849|
|Pension costs|||176,549|165,721|
||||2,138,573|2,019,992|
||||2022|2021|
|The average numbers ofemployees,|analysed|by function, were:|Number|Number|
|Teaching|||44|42|
|Household|||20|17|
|Maintenance|||2|2|
|Administration|||12|17|
||||78|78|
|eeded f60|,000were:|
|---|---|
|2022|2021|
|Number|Number|
##
||Remuneration
ofkey management|Remuneration
ofkey management|Remuneration
ofkey management|personnel|personnel||||
|---|---|---|---|---|---|---|---|---|
||The remuneration
ofkey|management||personnel||is as follows:|||
||||||||2022|2021|
||||||||8|8|
||Aggregate
compensation|(including||employer's||NI)|384,476|331,562|
|7|EXPENDITURE||||||||
||||||||2022|2021|
||Charitable
activities expenditure||includes:||||||
||Operating
lease charges —Building||||4k land||108,067|107,920|
||Operating
lease charges -||Other||||16,704|4,625|
||Depreciation
and amortisation||||||41,613|25,102|
||Loss on disposal of|fixed|assets||||470||
||Governance
costs include:||||||||
||Auditor's
remuneration:||||||||
||Audit services||||||16,021|26,850|
|8|1NTANGIBLE FIXEDASSETS||||||||
|||||||||Computer|
|||||||||software|
||COST||||||||
||At 1 Septeinber 2021|||||||31,538|
||Additions —separately|acquired|||||||
||At 31August 2022|||||||31,538|
||AMORTISATION||||||||
||At 1 September 2021|||||||8,190|
||Charge for the year|||||||6,308|
||At 31 August 2022|||||||14,498|
||NET BOOK VALUE||||||||
||At 31 August 2022|||||||17,040|
||At 31 August 2021|||||||23 348|
##
##
|9|TANGIBLE FIXEDASS|E|TS||||||
|---|---|---|---|---|---|---|---|---|
|||||Property||Motor|Furniture|Total|
|||||improvements||vehicles|and||
||||||||equipment||
||||||||8||
||COST||||||||
||At 1 September 2021|||505,268||51,339|201,362|757,969|
||Additions|||127,139|||82,265|209,404|
||Disposals||||||(1,044)|(1,044)|
||At 31 August 2022|||632,407||51,339|282,583|966,329|
||DEPRECIATION||||||||
||At 1 September 2021|||440,380||51,339|158,526|650,245|
||Charge for the year||||12,448||22,857|35,305|
||Elimination
on disposal||||||(574)|(574)|
||At 31 August 2022|||452,828||51,339|180,809|684,976|
||NET BOOK VALUE||||||||
||At 31 August 2022|||179.579|||101774|281 353|
||At 31August 2021||||64,888||42,836|107,724|
|10|(a) INVESTMENTS IN FUNDS||||||||
|||||||||Common|
|||||||||Investment|
|||||||||Funds|
|||||||||8|
||Market value at 1 September 2021|||||||266,077|
||(Loss) on revaluation|||||||(12,322)|
||Market value at 31 August||2022|||||253,755|
||Cost at 31 August 2022|||||||104,141|
||Cost at 31 August 2021|||||||104,141|
||The holdings
in charitable||common|investment|funds consist of:||2022|2021|
||||||||8||
||CBFChurch ofEngland|Investment||Fund||Units|11,584|11,584|
|||||||Value|253,755|266,077|
|10|(b) INVESTMENTS IN SUBSIDIARIES||||||||
||||||||2022|2021|
||Investments
in subsidiaries||||||100|100|
##
##
|etails ofthe company's
subs|etails ofthe company's
subs|etails ofthe company's
subs|idiaries
at 31 Au|gust 2022 are as foll|ows:||
|---|---|---|---|---|---|---|
|Name ofundertaking|||Registered|Nature of|Class of|%Held Direct|
||||olfice|business|shareholding||
|Salisbury|Cathedral|School|a)|Dormant|Ordinary|100.00|
|Enterprises|Ltd||||||
|12|STOCK||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||g|g|
||Uniform||||32,103|31,704|
||Food||||190|190|
||||||32,293|31,894|
|13|DEBTORS||||||
||||||2022|2021|
||Fees||||56,172|86,858|
||Prepayments||and accrued income||33,584|30,956|
||Other debtors||||1 885|5 639|
||||||91 641|123.44|
|14|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||2022|2021|
||Fees received||in advance||387,607|422,749|
||Trade creditors||||65,701|38,817|
||Amounts
owed to subsidiary||||100|100|
||Other taxation||and social security||38,593|32,300|
||Refundable|deposits|||13,134|7,243|
||Accruals
and||deferred|income|43,219|16,614|
||Other creditors||||38,307|33,971|
||Bank loan||||36,642||
||||||623,303|551,794|
|EDITORS:|AMOUNTS FALLING DUE AFTER M|ORE THAN ONE YEAR||
|---|---|---|---|
|||2022|2021|
|Refundable|deposits|36,725|40,250|
|Bank loan||204,486||
|||241211|40 250|
##
|ANCIAL|INSTRUMENT|S||||
|---|---|---|---|---|---|
|||||2022|2021|
|CARRYING AMOUNT||OF FINANCIAL ASSETS||||
|Financial|assets measured|at fair value through|profit and loss|253,755|266,077|
##
|||||Movement|Movement|in funds|||
|---|---|---|---|---|---|---|---|---|
||||Balance atl||||Transfers|Balance at|
||||September|Income|(Losses)||to other|31August|
||||2021||||fundsf|2022|
|Scholarship|funds||207,275|||(9,600)||197,675|
|Windsor Prize Fund|||18,881|||(874)||18,007|
|Fitzgerald|Scholarship|Trust|16,745|||(775)||15,970|
|Head Master's Fund|||23,176|||(1,073)||22,103|
||||266,077||(12,322)|||253,755|
||||Balance atl||||Transfers|Balance at|
||||September|Income||Gains|to other|31August|
||||2020||||funds|2021|
|Scholarship|funds||175,590|750||30,935||207,275|
|Windsor Prize Fund|||16,063|||2,818||18,881|
|Fitzgerald|Scholarship|Trust|14,246|||2,499||16,745|
|Head Master's Fund|||19,717|||3,459||23,176|
||||225,616|750||39,711||266,077|
##
||||Movement|Movement|in funds|||
|---|---|---|---|---|---|---|---|
|(a)
Usage offunds||Balance atl
September|Income|Expenditure||Transfers
to other|Balance at
31August|
|||2021||||funds|2022|
||||||||g|
|Scholarship
funds||25,690|5,515|(13,215)|||17,990|
|Windsor Prize Fund||2,362|502||||2,8G4|
|Fitzgerald
Scholarship|Trust|7,400|445||||7,845|
|Head Master's Fund||4,444|2,092||(4,444)||2,092|
|John Robinson Fund||2,1G8|||(283)||1,885|
|Ouseley
Trust||11,000|26,819|(14,160)|||23,659|
|Tindall Trust||9,677|10,500||(6,767)||13,410|
|Ukrainian
bursary|||5,293||(2,000)||3,293|
|Dupuy science prize|||1,000||(454)||546|
|Pipe Dreams|||5,300||||5,300|
|Swimming
pool|||32,323|||(21,492)|10,831|
|Other|||5,007||(2,407)||2,600|
|||62,741|94,796|(43,730)||(21,492)|92,315|
||||Movement||in funds|||
|(s)
Usage of funds||Balance atl||||Transfers|Balance at|
|||September|Income|Expenditure||to other|31August|
|||2020||||funds|2021|
|||||||K||
|Scholarship
funds||31,021|9,164|(14,495)|||25,690|
|Windsor Prize Fund||1,878|484||||2,362|
|Fitzgerald
Scholarship|Trust|5,096|2,304||||7,400|
|Head Master's Fund||4,171|4,444||(4,171)||4,444|
|John Robinson Fund||2,168|||||2,168|
|Ouseley
Trust||21,417|2,000|(12,417)|||11,000|
|Tindall
Trust||8,177|1,500||||9,677|
|Hardship
bursary||450|||(450)|||
|Other||7,224|||(7,224)|||
|||81,602|19,896|(38,757)|||62,741|
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|Fund|b|alances at 31 August 202|2 are represented
by the followi|ng
net assets:|||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Kndowment||
||||Fundsf|Funds|Funds|Total|
|Intangible||fixed assets|17,040|||17,040|
|Tangible|fixed assets||281,353|||281,353|
|Investments|||100||253,755|253,855|
|Current|assets||967,400|92,315||1,059,715|
|Current|liabilities||(623,303)|||(623,303)|
|Long term||liabilities|(241,211)|||(241,211)|
||||401,379|92,315|253,755|747,449|
|Fund|ba|lances at 31 August 2021|are represented
by the followi|ng
net assets:|||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment||
||||Funds|Funds|Funds|Total|
||||8||8||
|Intangible||fixed assets|23,348|||23,348|
|Tangible|tixed assets||107,724|||107,724|
|Investments|||100||266,077|266,177|
|Current|assets||873,654|62,742||936,396|
|Current|liabilities||(551,794)|||(551,794)|
|Long tenn||liabilities|(40,250)|||(40,250)|
||||412,782|62,742|266,077|741,601|
##
||2022|2021|
|---|---|---|
|Leases which expire:|||
|Within one year|121,704|124,624|
|In one to five years|11,771|28,476|
||133,476|153,100|
##
##
|Reconciliation ofne|t i|nco|me to net cash in|flow from operating
activ|ities:|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||K||
|Net income||||||5,848|(37,622)|
|Depreciation oftangible assets||||||35,305|18,794|
|Amortisation
ofintangible|||assets|||6,308|6,308|
|Loss/(profit)
on disposal offixed assets||||||470||
|Revaluation
ofinvestments||||||12,322|(39,711)|
|Interest received||||||(5)|(7)|
|Dividends
received||||||(7,329)|(10,671)|
|(Increase)/decrease|in|stocks||||(399)|(2,654)|
|Decrease/(increase)|in|debtors||||31,803|68,844|
|Increase/(decrease)|in|creditors||||31,342|81,627|
|||||||115,665|~84908|
|Analysis ofchanges||in|net funds|||||
|||||At I September|Cash flow|At 31August||
|||||2021|||2022|
|Cash at bank and|in|hand||781,058|154,723||935,781|
##
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