| Page | |
|---|---|
| Companyinformation | 1-2 |
| Directors'report(incorporatingtheStrategicreport) | 3—14 |
| Directors'ResponsibilitiesStatement | 15 |
| Independentauditor'sreport | 16-19 |
| Financialstatementsofthecompany: | |
| ConsolidatedStatementofFinancialActivities | 20 |
| CharityStatementofFinancialActivities | 21 |
| ConsolidatedandCharityBalanceSheets | 22 |
| ConsolidatedStatementofCashFlows | 23 |
| NotestotheFinancialStatements | 24-45 |
calcommunity. |
Pupiln | umbers | att | hesch | oold | uringtheyearwe | re | asfollows: |
|
|---|---|---|---|---|---|---|---|---|---|
| Total | Ofwhichare | Total | Ofwhichare | ||||||
| 2023 | boaTdirs | 2022 | boarders | ||||||
| Seniorschool | - (fi |
years | 446 | 229 | 406 | 217 | |||
| LowerSchool | (7-13 | years) | i | 134 | 10 | 171 | 10 | ||
| Total | 583 | _ | 577 | 227 | |||||
| Boys | Girls | I | Boys | Girls | |||||
| SeniorSchool | 294 | 155 | 255 | 151 | |||||
| LowerSchool | 83 | 51 | j, | 108 | 63 | ||||
| Total | _;. | 377 | __ | 206 | I | 363 | 214___ |
| hedirectorswhoservedduringtheye | ar,andthecommitteesofwhichtheyaremembers,ar |
|---|---|
| CELillis(Chairman) | FinanceandGeneralPurposes |
| Investment | |
| KECastle | RegulatoryCompliance |
| SMConnor | Education |
| RAKHoppins | FinanceandGeneralPurposes |
| Investment | |
| JCPochin | FinanceandGeneralPurposes |
| MDTSampson | RegulatoryCompliance |
| JScanlon | Education,RegulatoryCompliance |
| ASutton | Education |
| JMTrowbridge | Education |
| MAWard | (fullCouncil) |
==> picture [9 x 4] intentionally omitted <==
| Unrestricted | Restricted | Endowed | Total | Total | ||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | ||
| IncomeandEndowmentsfrom: | ||||||
| CharitableActivities | ||||||
| Schoolfeesreceivable | 2 | 10,372,111 | (12,122) | 10,359,989 | 9,031,655 | |
| Ancillarytradingincome | 3 | 1,093,630 | 1,093,630 | 949,371 | ||
| Othertradingactivities | ||||||
| Non-ancillarytradingincome | 4 | 631,524 | 631,524 | 212,633 | ||
| Otheractivities | 4 | 4,369 | 4,369 | 7,390 | ||
| Investments | ||||||
| Investmentincome | 5 | 7,312 | 7,312 | 6,692 | ||
| Voluntarysources | ||||||
| GrantsandDonations | 6 | 1,037 | 19,200 | 20,237 | 40,292 | |
| Otherincomingresources | 62,572 | 62,572 | 134,215 | |||
| TOTALINCOMINGRESOURCES | 12,172,555 | 7,078 | 12,179,633 | 10,382,248 | ||
| ExpenditureonRaisingFunds | ||||||
| Nonancillarytradingcosts | 7 | 405,814 | 405,814 | 186,962 | ||
| Ancillarytradingexpenses | 1,108,004 | 1,108,004 | 1,004,597 | |||
| Financingcosts | 8 | 254,656 | 254,656 | 17,216 | ||
| Investmentmanagement | 2,465 | - | 2,465 | 2,515 | ||
| Fundraisinganddevelopment | 142,560 | 142,560 | 102,873 | |||
| TOTALDEDUCTIBLECOSTS | 7 | 1,913,499 | 1,913,499 | 1,314,163 | ||
| CharitableActivities | ||||||
| Education | 7 | 10,565,847 | 8,207 | 10,574,054 | 9,411,913 | |
| TOTALEXPENDITURE | 7 | 12,479,346 | 8,207 | 12,487,553 | 10,726,076 | |
| NetExpenditure | ||||||
| beforetransfers | (306,791) | (1,129) | (307,920) | (343,828) | ||
| Realisedgains/(losses)oninvestmentassets | 13 | (420) | (420) | 23,235 | ||
| Unrealisedgains/(losses)oninvestmentasset: | 13 | (6,810) | (6,810) | (65,875) | ||
| NetExpenditure | (314,021) | (1,129) | (315,150) | (386,468) | ||
| Transfersbetweenfunds | 24 | - | ||||
| NetMovementinfundsfortheyear | (314,021) | (1,129) | (315,150) | (386,468) | ||
| Fundbalancesat1stSeptember | 4,284,724 | 65,739 | 4,350,463 | 4,736,931 | ||
| FUNDBALANCESASAT31STAUGUST | 3,970,703 | 64,610 | 4,035,313 | 4,350,463 |
| Unrestricted | Restricted | Endowed | Total | Total | ||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | £ | ||
| IncomeandEndowmentsfrom: | ||||||
| CharitableActivities | ||||||
| Schoolfeesreceivable | 2 | 10,372,111 | (12,122) | 10,359,989 | 9,031,655 | |
| Ancillarytradingincome | 3 | 1,093,630 | 1,093,630 | 949,371 | ||
| Othertradingactivities | ||||||
| RechargestoEllesmereCollegeEnterprises | 42,295 | 42,295 | 26,639 | |||
| Otheractivities | 4 | 4,369 | 4,369 | 7,390 | ||
| Investments | ||||||
| Investmentincome | 5 | 7,312 | 7,312 | 6,692 | ||
| Voluntarysources | ||||||
| GrantsandDonations | 6 | 160,999 | 19,200 | 180,199 | 40,292 | |
| Otherincomingresources | 62,572 | - | 62,572 | 134,215 | ||
| TOTALINCOMINGRESOURCES | 11,743,288 | 7,078 | 11,750,366 | 10,196,254 | ||
| ExpenditureonRaisingFunds | ||||||
| NonAncillaryTrading | 42,295 | 42,295 | 26,639 | |||
| Ancillarytradingexpenses | 1,108,004 | 1,108,004 | 1,004,597 | |||
| Financingcosts | 8 | 253,798 | 253,798 | 16,510 | ||
| Investmentmanagement | 2,465 | 2,465 | 2,515 | |||
| Fundraisinganddevelopment | 142,560 | 142,560 | 102,873 | |||
| TOTALDEDUCTIBLECOSTS | 7 | 1,549,122 | 1,549,122 | 1,153,134 | ||
| CharitableActivities | ||||||
| Education | 7 | 10,557,367 | 8,207 | 10,565,574 | 9,408,913 | |
| TOTALEXPENDITURE | 7 | 12,106,489 | 8,207 | 12,114,696 | 10,562,047 | |
| NetExpenditure | ||||||
| beforetransfers | (363,201) | (1,129) | (364,330) | (365,793) | ||
| Realisedgains/(losses)oninvestmentassets | 13 | (420) | (420) | 23,235 | ||
| Unrealisedgains/(losses)oninvestmentassets | 13 | (6,810) | (6,810) | (65,875) | ||
| NetExpenditure | (370,431) | (1,129) | (371,560) | (408,433) | ||
| Transfersbetweenfunds | 24 | |||||
| NetMovementinfundsfortheyear | (370,431) | (1,129) | (371,560) | (408,433) | ||
| Fundbalancesat1stSeptember | 4,341,134 | 65,739 | 4,406,873 | 4,815,306 | ||
| FUNDBALANCESASAT31STAUGUST | 3,970,703 | 64,610 | 4,035,313 | 4,406,873 |
| Note | Group | Charity | |||
|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| FIXEDASSETS | |||||
| Tangibleassets | 12 | 7,616,453 | 7,503,322 | 7,616,453 | 7,503,322 |
| SecuritiesInvestments | 13 | 420,522 | 422,921 | 420,623 | 423,022 |
| 8,036,975 | 7,926,243 | 8,037,076 | 7,926,344 | ||
| CURRENT:ASSETS | |||||
| Stock | 48,582 | 55,553 | 41,573 | 47,910 | |
| Debtors | 14 | 818,904 | 632,122 | 1,028,572 | 791,607 |
| Cashatbankandinhand | 177,323 | 110,225 | 6,277 | 11,604 | |
| 1,044,809 | 797,900 | 1,076,422 | 851,121 | ||
| CURRENTLIABILITIES | |||||
| Creditorspayablewithinoneyear | 15 | (4,166,546) | (3,741,347) | (4,198,260) | (3,738,259) |
| NETCURRENTLIABILITIES | (3,121,737) | (2,943,447) | (3,121,838) | (2,887,138) | |
| TOTALASSETSLESSCURRENT | LIABILITIES | 4,915,238 | 4,982,796 | 4,915,238 | 5,039,206 |
| LONGTERMLIABILITIES | |||||
| Creditorspayableafteroneyear | 16 | (879,825) | (632,233) | (879,825) | (632,233) |
| NETASSETS | 4,035,413 | 4,350,563 | 4,035,413 | 4,406,973 | |
| REPRESENTEDBY: | |||||
| Calledupsharecapital | 21 | 100 | 100 | 100 | 100 |
| RESTRICTEDFUNDS | 24 | 64,610 | 65,739 | 64,610 | 65,739 |
| UNRESTRICTEDFUNDS | |||||
| Generalreserve | 3,970,703 | 4,284,724 | 3,970,703 | 4,341,134 | |
| 4,035,413 | 4,350,563 | 4,035,413 | 4,406,973 |
| Note | Group | Group | |
|---|---|---|---|
| 2023 | 2022 | ||
£ |
£ | ||
| Cashflowsfromoperatingactivities: | |||
| Netcashprovidedbyoperatingactivities | 31 | 230,170 | 473,464 |
| Cashflowsfrominvestingactivities: | |||
| Dividends,interestandrentsfrominvestments | 6 | 7,312 | 6,692 |
| Proceedsfromthesaleofproperty,plantandequipment | |||
| Purchaseofproperty,plantandequipment | (433,598) | (131,490) | |
| Proceedsfromsaleofinvestments | 75,220 | 140,917 | |
| Purchaseofinvestments | (80,051) | (145,094) | |
| Netcashusedininvestingactivities | (431,117) | (128,975) | |
| Cashflowsfromfinancingactivities: | |||
| Repaymentsofborrowing | (131,821) | (160,747) | |
| RepaymentofexistingloantoHandelsbanken | (473,188) | ||
| DrawdownofBarclaysloan | 540,000 | ||
| Financingcosts | (254,656) | (17,216) | |
| Netcashusedinfinancingactivities | (319,665) | (177,963) | |
| Changeincashandcashequivalentsintheyear | (520,612) | 166,526 | |
| Cashandcashequivalentsatthebeginningoftheyear | (361,005) | (527,531) | |
| Cashandcashequivalentsattheendoftheyear | 32 | (881,617) | (361,005) |
| d) | SchoolFeesReceivableandSimilarIncome |
|---|---|
| Feesreceivableandothereducationalincomeareaccountedforintheperiodinwhichtheservice | |
| isprovided.Feesreceivablearestatedafterdeductingallowances,scholarshipsandother | |
| remissionsbytheschool,butincludecontributionsreceivedfromrestrictedfundsforscholarships, | |
| bursariesandothergrants.Alldebtsarefullyprovidedforunlesstheyrelatetocurrentpupilsowing | |
| lessthantwotermsinwhichcaseapartialprovisionismade. | |
| e) | AncillaryandNon-AncillaryTradingIncome |
| Ancillarytradingincomerepresentsamountsfromactivitiestogeneratefundswithinthecharitable | |
| objectsforexample,tuitioninextrasubjectsandcoachestoandfromschool.Non-ancillarytrading | |
| incomerepresentsamountsfromactivitiesnotdirectlyrelatedtothecharitableobjects,forexample | |
| lettingsofschoolfacilitiesoutoftermtimeandsalesfromthetuckshopandvendingmachines. | |
| IncomefromtheseactivitiesisrecognisedintheSOFAwhenthegoodsaresoldorservices | |
| provided. | |
| f) | Voluntarysources,GrantsandDonations |
| Voluntaryincomingresourcesareaccountedforasandwhenentitlementarises,theamountcan | |
| reliablybequantifiedandtheeconomicbenefitisconsideredprobable. | |
| Voluntaryincomeforgeneralpurposesisaccountedforasunrestrictedandiscreditedtothe | |
| GeneralReserve.Wherethedonororanappealhasimposedtrustlawrestrictions,voluntary | |
| incomeiscreditedtotherelevantrestrictedfundandincomingendowmentsareaccountedforas | |
| permanenttrustcapitalorexpendabletrustcapital,accordingtowhetherthedonorintends | |
| retentiontobepermanentornot.Giftsinkindarevaluedatestimatedopenmarketvalueatthe | |
| dateofgift,inthecaseofassetsforretentionorconsumption,oratthevaluetotheschoolincase | |
| ofdonatedservicesorfacilities. | |
| g) | Expenditure |
| Expenditureisaccruedassoonasthereisacontractualobligationoraliabilityisconsidered | |
| probable,discountedtopresentvalueforlongertermliabilities.Expenditureisallocatedtoexpense | |
| headingseitheronadirectcostbasisorapportionedaccordingtotimespent.Theirrecoverable | |
| elementofVATisincludedwiththeitemofexpensetowhichitrelates.Thecostofrefurbishing | |
| andconvertingexistingbuildingsiswritten-offintheyearinwhichitisincurredexceptwherethe | |
| usefullifeisextended. | |
| h) | PensionCosts |
| TheschoolcompanyparticipatesintheTeachers'Pensionsscheme,whichisanunfunded | |
| governmentscheme.TheTeachers'Pensionsschemeprovidesbenefitsbasedonfinal | |
| pensionablepay.Thefundsoftheschemeareseparatefromthecompany,althoughthecompany's | |
| shareoftheschemecannotbeidentifiedastheschemeisamulti-employerscheme,andsothe | |
| pensioncostsareaccountedforasdefinedcontributionschemes. | |
| ThecompanyoffersmembershipofthePensionsTrustFlexibleRetirementPlantoemployees | |
| otherthanthefullandpart-timeacademicstaff.ThePensionsTrustFlexibleRetirementPlanisa | |
| multi-employerpensionschemeswheretheschemeassetsarepooledforinvestmentpurposesand | |
| cannotbeattributedtoindividualemployers.Benefitsarepaidfromthetotalschemeassets.Itis | |
| inmostrespectsamoneypurchasearrangement,buthassomeguarantees.Asaresultitisnot | |
| possibleorappropriatetoidentifytheassetsandliabilitiesoftheschemewhichareattributableto | |
| thecompany.InaccordancewithFinancialReportingStandard(FRS)102(section28)therefore, | |
| theschemeisaccountedforasadefinedcontributionscheme. |
| TheSchoolfeesincomecomprises: | ||
|---|---|---|
| 2023 | 2022 | |
£ |
£ |
|
| Grossfees | 13,980,148 | 12,436,778 |
| Less:Totalscholarships,bursaries,etc | (3,620,159) | (3,405,123) |
| 10,359,989 | 9,031,655 | |
| Addback:Scholarships,Grantsetc.paidforby | ||
| RestrictedFunds | 12,122 | 28,016 |
| Unrestricted: | 10,372,111 | 9,059,671 |
| 3 | CHARITABLEACTIVITIES-ANCILLARYTRADINGINCOME(UNRESTRICTED)-GROUPAND | CHARITABLEACTIVITIES-ANCILLARYTRADINGINCOME(UNRESTRICTED)-GROUPAND | CHARITY |
|---|---|---|---|
| 2023 | 2022 | ||
£ |
£ |
||
| Entrancefeesandregistrationfees | 21,691 | 21,022 | |
| Feesinlieuofnotice | 129,854 | 56,412 | |
| Extrasubjects | 462,222 | 446,095 | |
| Otherancillaryeducationalincome | 7,086 | 3,264 | |
| PupilBussing | 331,279 | 270,545 | |
| Activities,Clubs,EventsandHouseincome | 141,498 | 152,033 | |
| 1,093,630 | 949,371 | ||
| 4 | OTHERTRADINGACTIVITIES(UNRESTRICTED) | ||
| 2023 | 2022 | ||
£ |
£ |
||
| Non-ancillarytradingincome | |||
| EllesmereCollegeEnterprisesLimited | 394,591 | 212,633 | |
| EllesmereCollegeInternationalLimited | 236,933 | ||
| 631,524 | 212,633 | ||
| Interestreceivable-pupils'bills | 4,369 | 7,390 | |
| 635,893 | 220,023 | ||
| Costofstock£30,311(2022:£26,175) |
| 5 | INVESTMENTS-INVESTMENT | INCOME | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowed | Total | Total | ||
| 2023 | 2022 | |||||
| £ | ||||||
| Securitiesinvestmentincome | ||||||
| Dividends | 6,029 | 6,029 | 5,874 | |||
| Fixedinterest | 1,283 | 1,283 | 818 | |||
| 7,312 | 7,312 | 6,692 |
| VOLUNTARYSOURCES-GRANTSANDDONATIONS | VOLUNTARYSOURCES-GRANTSANDDONATIONS | VOLUNTARYSOURCES-GRANTSANDDONATIONS | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowed | Total | Total | |
| 2023 | 2022 | ||||
£ |
£ | ||||
| Donations | 1,037 | 19,200 | 20,237 | 32,570 | |
| GiftAidfromEllesmereCollegeEntLtd | 13,464 | 13,464 | |||
| GiftAidfromEllesmereCollegeIntLtd | 146,498 | 146,498 | |||
| GovernmentGrant-CJRS | 7,722 | ||||
| 160,999 | 19,200 | 180,199 | 40,292 |
| a)TotalExpenditure-Group | ||||||
|---|---|---|---|---|---|---|
| StaffCosts | Depreciation | Support | Total | Total | ||
| (note9) | (note |
12) | Costs | 2023 | 2022 | |
| £ | £ | £ | £ | £ | ||
| Costsofraisingfunds Nonancillarytradingcosts |
144,436 | 261,378 | 405,814 | 186,962 | ||
| Otherincomegeneratingactivities | 636,141 | 471,863 | 1,108,004 | 1,004,597 | ||
| Financingcost(note8) Investmentmanagement |
254,656 2,465 |
254,656 2,465 |
17,216 2,515 |
|||
| Fundraisinganddevelopment | 112,196 | 30,364 | 142,560 | 102,873 | ||
| Total | 892,773 | 1,020,726 | 1,913,499 | 1,314,163 | ||
| CharitableExpenditure | ||||||
| Education | ||||||
| Teaching Welfare |
4,811,406 718,543 |
641,550 861,783 |
5,452,956 1,580,326 |
4,996,803 1,342,228 |
||
| Premises | 830,091 | 320,467 | 932,979 | 2,083,537 | 2,140,315 | |
| Schooladministrationandgovernance | 374,766 | - | 1,077,296 | 1,452,062 | 927,345 | |
| Grants,awardsandprizes(note7c) | - | 5,173 | 5,173 | 5,222 | ||
| Total | 6,734,806 | 320,467 | 3,518,781 | 10,574,054 | 9,411,913 | |
| TotalExpended-Group | 7,627,579 | 320,467 | 4,539,507 | 12,487,553 | 10,726,076 |
| b)TotalExpenditure-Charity | |||||
|---|---|---|---|---|---|
| StaffCosts | Depreciation | Support | Total | Total | |
| (note9) | (note12) |
Costs | 2023 | 2022 | |
| £ | £ | £ | £ | ||
| Costsofraisingfunds | |||||
| NonAncillaryTrading | - | 42,295 | 42,295 | 26,639 | |
| Otherincomegeneratingactivities | 636,141 | 471,863 | 1,108,004 | 1,004,597 | |
| Financingcost(note8) | - | 253,798 | 253,798 | 16,510 | |
| Investmentmanagement | - | 2,465 | 2,465 | 2,515 | |
| Fundraisinganddevelopment | 112,196 | 30,364 | 142,560 | 102,873 | |
| Total | 748,337 | 800,785 | 1,549,122 | 1,153,134 | |
| CharitableExpenditure | |||||
| Education | |||||
| Teaching | 4,811,406 | 641,550 | 5,452,956 | 4,996,803 | |
| Welfare | 718,543 | 861,783 | 1,580,326 | 1,342,228 | |
| Premises | 830,091 | 320,467 | 932,979 | 2,083,537 | 2,140,315 |
| Schooladministrationandgovernance | 374,766 | 1,068,816 | 1,443,582 | 924,345 | |
| Grants,awardsandprizes(note7c) | 5,173 | 5,173 | 5,222 | ||
| Total | 6,734,806 | 320,467 | 3,510,301 | 10,565,574 | 9,408,913 |
| TotalExpended-Charity | 7,483,143 | 320,467 | 4,311,086 | 12,114,696 | 10,562,047 |
| c)Grants,awardsandprizes | ||
|---|---|---|
| EllesmereCollegemakesawardstoindividualfamiliestosupportschooling | GroupandCharity | |
| 2023 | 2022 | |
| FromRestrictedFunds: | £ | |
| Bursariesandothergrantsandawards | 12,122 | 28,016 |
| Fromunrestrictedfunds: | ||
| Prizesandleavingawards | 5,174 | 5,222 |
| 17,296 | 33,238 |
==> picture [455 x 299] intentionally omitted <==
| STAFFCOSTS | ||
|---|---|---|
| Theaggregatepayrollcostsfortheyearwere: | 2023 | 2022 |
£ |
£ |
|
| Group | ||
| Wagesandsalaries | 6,208,747 | 5,585,990 |
| Socialsecuritycosts | 585,340 | 521,770 |
| Otherpensioncosts | 822,535 | 750,044 |
| Privatemedicalinsurance | 10,957 | 10,901 |
| 7,627,579 | 6,868,705 | |
| Charity | ||
| Wagesandsalaries | 6,068,741 | 5,498,662 |
| Social securitycosts | 581,988 | 519,536 |
| Otherpensioncosts | 821,457 | 749,119 |
| Privatemedicalinsurance | 10,957 | 10,901 |
| 7,483,143 | 6,778,218 |
| STAFFCOSTS(continued) | STAFFCOSTS(continued) | |
|---|---|---|
| Thenumberofhigherpaidemployeeswhoreceivedemolumentsof£60,000ormorewas: | ||
| 2023 | 2022 | |
| Number | Number | |
| £60,000-£70,000 | 2 | 2 |
| £70,000-£80,000 | 1 | |
| £80,000-£90,000 | 1 | 1 |
| £90,000-£100,000 | 1 | 1 |
| £140,000-£150,000 | ||
| £180,000-£190,000 | ||
| £190,000-£200,000 | 1 | |
| £200,000-£210,000 | 1 |
| Averagenumberofemployeesonheadcountbasi | s | |
|---|---|---|
| 2023 | 2022 | |
| Number | Number | |
| Teaching | 119 | 116 |
| Welfare | 44 | 43 |
| Premises | 50 | 51 |
| Support | 30 | 30 |
| GroupandCharity | 243 | 240 |
| GroupandCharity | Landand | Motor | Computer | Plantand | Total |
|---|---|---|---|---|---|
| Buildings | Vehicles | Equipment | Equipment | ||
| Freehold | |||||
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At1September2022 | 8,905,443 | 219,478 | 220,739 | 1,547,558 | 10,893,218 |
| Additions | 149,073 | 42,164 | 210,043 | 32,318 | 433,598 |
| As31August2023 | 9,054,516 | 261,642 | 430,782 | 1,579,876 | 11,326,816 |
| Depreciation | |||||
| At1September2022 | 1,818,971 | 217,708 | 118,761 | 1,234,456 | 3,389,896 |
| Chargefortheyear | 154,037 | 12,311 | 99,322 | 54,797 | 320,467 |
| Disposals | |||||
| At31August2023 | 1,973,008 | 230,019 | 218,083 | 1,289,253 | 3,710,363 |
| Netbookvalue | |||||
| at31August2023 | 7,081,508 | 31,623 | 212,699 | 290,623 | 7,616,453 |
| Netbookvalue | |||||
| at31August2022 | 7,086,472 | 1,770 | 101,978 | 313,102 | 7,503,322 |
| SECURITIESINVESTMENTS | ||
|---|---|---|
| Securities | Securities | |
| Group | Investments | Investments |
| 2023 | 2022 | |
£ |
£ |
|
| GroupInvestments | ||
| At1September | 422,921 | 461,384 |
| Reinvestedincome | 7,296 | 6,692 |
| Investmentmanagementfees | (2,465) | (2,515) |
| Decreaseinvalueofinvestments | (7,230) | (42,640) |
| Groupinvestmentsat31August | 420,522 | 422,921 |
| Investmentinsubsidiaries | 101 | 101 |
| Charityinvestmentsat31August | 420,623 | 423,022 |
| Investmentscomprise: | ||
| ListedInvestments | ||
| IndexLinked | 26,334 | |
| Bonds-Sterling | 36,126 | |
| Bonds-OtherCurrencies | 10,451 | |
| Property | 11,887 | 21,786 |
| OverseasIndexLinked | 12,050 | |
| Alternatives | 38,718 | 38,678 |
| MultiAsset | 7,024 | 7,130 |
| Global | 35,224 | 37,129 |
| UKEquities | 100,827 | 115,728 |
| ContinentalEurope | 10,530 | 12,450 |
| NorthAmerica | 94,415 | 72,015 |
| JapanIndirect | 20,855 | 15,140 |
| PacificBasin | 37,826 | 40,343 |
| PacificBasinIndirect | ||
| Otheroverseasequities | 15,395 | 11,553 |
| Cash | 1,244 | 12,585 |
| Groupinvestmentsat31August | 420,522 | 422,921 |
| Investmentinsubsdiaries | 101 | 101 |
| Charityinvestmentsat31August | 420,623 | 423,022 |
| Historicalcostofinvestments | 384,562 | 367,549 |
| DEBTORS | ||||
|---|---|---|---|---|
| Group | Charity | |||
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Schoolfeesreceivable | 320,999 | 243,576 | 320,999 | 243,576 |
| Tradedebtors | 183,754 | 15,902 | - | |
| Otherdebtors | 24,752 | 31,203 | 24,044 | 31,203 |
| Prepaymentsandaccruedincome | 288,898 | 339,941 | 288,898 | 339,738 |
| Amountsduefromsubsidiarycompanies | 394,131 | 175,590 | ||
| Amountsduefromparentcompany | 500 | 1,500 | 500 | 1,500 |
| 818,903 | 632,122 | 1,028,572 | 791,607 |
| CREDITORS:DUEWITHINONEYEAR | ||||
|---|---|---|---|---|
| Group | Charity | |||
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Bankloansandoverdrafts | 1,185,974 | 1,025,898 | 1,185,974 | 1,025,898 |
| Feesreceivedfromparentsinadvance | ||||
| ofterm | 1,682,140 | 1,716,127 | 1,682,140 | 1,716,127 |
| Repayabledepositsfromparents | 472,336 | 311,714 | 472,336 | 311,714 |
| Tradecreditors | 332,556 | 235,936 | 328,621 | 233,516 |
| Taxationandsocialsecurity | 149,383 | 143,506 | 141,568 | 125,652 |
| Othercreditors | 158,824 | 103,507 | 158,824 | 103,507 |
| Accruals | 185,333 | 204,659 | 168,447 | 197,690 |
| Amountsduetosubsidiarycompanies | - | 60,350 | 24,155 | |
| 4,166,546 | 3,741,347 | 4,198,260 | 3,738,259 |
| CREDITORS:DUEAFTERMORETHANONEYEAR | ||
|---|---|---|
| GroupandCharity | ||
| 2023 | 2022 | |
£ |
£ |
|
| RepayableDepositsfromParents | 517,200 | 632,233 |
| Bankloans | 362,625 | |
| 879,825 | 632,233 |
| BANKLOAN | ||
|---|---|---|
| 2023 | 2022 | |
| Thebankloansarerepayablebyinstalments | ||
| Dueafter5years | ||
| Duewithin2to5years | 227,471 | |
| Duewithin1to2years | 135,155 | |
| Dueaftermorethanoneyear | 362,625 | |
| Duewithin1year | 127,034 | 554,668 |
| 489,659 | 554,668 |
| REPAYABLEDEPOSITSFROMPARENTS | ||
|---|---|---|
| 2023 | 2022 | |
£ |
£ | |
| Thedepositsbecomerepayablewhenthepupilleaves: | ||
| Dueafter5years | 57,600 | 67,700 |
| Duewithin2to5years | 302,500 | 400,300 |
| Duewithin1to2years | 157,100 | 164,233 |
| Dueaftermorethanoneyear | 517,200 | 632,233 |
| Duewithin1year | 472,336 | 311,714 |
| 989,536 | 943,947 |
| COMMITMENTSUNDEROPERATINGLEASES | ||
|---|---|---|
| 2023 | 2022 | |
£ |
£ |
|
| Within1year | 37,636 | 41,235 |
| Between2and5years | 29,773 | 45,363 |
| After5years | ||
| 67,409 | 86,598 |
| FINANCIALINSTRUMENTS | ||
|---|---|---|
| 2023 | 2022 | |
£ |
£ |
|
| FINANCIALASSETS: | ||
| Debtinstrumentsatamortisedcost | ||
| Tradedebtors | 504,753 | 259,478 |
| Groupdebtors | 500 | 1,500 |
| Otherdebtors | 24,752 | 31,203 |
| 530,005 | 292,181 | |
| 2023 | 2022 | |
£ |
£ |
|
| Equityinstrumentsatcostlessimpairment | ||
| Tradeinvestments | 420,522 | 422,922 |
| 420,522 | 422,922 | |
| 2023 | 2022 | |
£ |
£ |
|
| FINANCIALLIABILITIES: | ||
| Financialliabilitiesatamortisedcost | ||
| Bankoverdrafts | 1,058,940 | 471,230 |
| Tradecreditors | 332,556 | 235,936 |
| Groupcreditors | ||
| Othercreditors | 158,824 | 103,507 |
| Accruals | 185,333 | 204,658 |
| Borrowings-bankloans | 489,659 | 554,668 |
| 2,225,312 | 1,569,999 |
| SHARECAPITAL | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
£ |
£ |
|||
| Authorised | ||||
| 100Ordinarysharesof£1each | 100 | 100 | ||
| Allotted,calledupandfullypaid | ||||
| 100Ordinarysharesof£1each | 100 | 100 |
| Total | |||
|---|---|---|---|
| Unrestricted | Restricted | 2023 | |
| £ | £ | £ | |
| Tangiblefixedassets | 7,616,453 | 7,616,453 | |
| Securitiesinvestments | 420,522 | - | 420,522 |
| Netcurrent(liabilities)lassets | (3,176,045) | 54,304 | (3,121,741) |
| Longtermliabilities | (879,825) | - | (879,825) |
| 3,981,105 | 54,304 | 4,035,409 | |
| Total | |||
| Unrestricted | Restricted | 2022 | |
| £ | £ | £ | |
| Tangiblefixedassets | 7,503,322 | 7,503,322 | |
| Securitiesinvestments | 422,921 | 422,921 | |
| Netcurrent(liabilities)/assets | (3,009,186) | 65,739 | (2,943,447) |
| Longtermliabilities | (632,233) | - | (632,233) |
| 4,284,824 | 65,739 | 4,350,563 |
| SUMMARYOFMOVEMENTS | ONMAJORFUN | DS | |||
|---|---|---|---|---|---|
| September | Incoming | Resources | (Losses)! | Balanceat31 | |
| 2022 | resources | expended | Transfers | August2023 | |
| £ | £ | £ | £ | £ | |
| RestrictedFunds | |||||
| PeterMessengerFund | 3,570 | 3,570 | |||
| MullockScholarship | 1,902 | (1,902) | |||
| EnhanceEllesmere | 26,006 | 400 | (8,207) | 18,199 | |
| IanBeerRugbyScholarship | 100 | - | 100 | ||
| LeaversGift | 33,941 | 8,800 | - | 42,741 | |
| WalkerScholarship | 220 | 10,000 | (10,220) | ||
| 65,739 | 19,200 | (20,329) | 64,610 | ||
| UnrestrictedFunds | |||||
| GeneralReserve | 4,284,724 | 12,172,555 | (12,479,346) | (7,230) | 3,970,703 |
| Balanceat1 | Incoming | Resources | Gains! | Balanceat31 | |
| September | resources | expended | (Losses)! | August2022 | |
| £ | £ | £ | £ | £ | |
| RestrictedFunds | |||||
| PeterMessengerFund | 3,570 | - | 3,570 | ||
| MullockScholarship | 2,374 | 12,225 | (12,697) | - | 1,902 |
| EnhanceEllesmere | 24,528 | 1,478 | 26,006 | ||
| IanBeerRugbyScholarship | - | 100 | 100 | ||
| LeaversGift | 25,811 | 8,130 | - | 33,941 | |
| WalkerScholarship | 10,000 | (9,780) | - | 220 | |
| AdlardScholarship | 5,539 | - | (5,539) | ||
| 61,822 | 31,933 | (28,016) | 65,739 | ||
| UnrestrictedFunds | |||||
| GeneralReserve | 4,675,109 | 10,378,331 | (10,726,076) | (42,640) | 4,284,724 |
| Thetransactionswiththesubsidiariesaresummaris | edbelow: | |
|---|---|---|
| 2023 | 2022 | |
| Openingcharitycreditor | (24,156) | (6,221) |
| Openingcharitydebtor | 175,590 | 108,685 |
| Rechargedtosubsidiaries | 325,539 | 160,024 |
| Paidbysubsidiaries | (266,959) | (93,120) |
| InvoicedbySubsidiaries | (298,659) | (225,368) |
| PaidbyEllesmereCollege | 262,464 | 207,434 |
| GiftAidfromSubsidiaries | 159,962 | |
| 333,781 | 151,434 |
|
| Closingcharitycreditor | (60,350) | (24,156) |
| Closingcharitydebtor | 394,131 | 175,590 |
| 333,781 | 151,434 |
| ConsolidatedStatementofFinancialActivities- YearEnded31August2022 |
Comparativefigu | resbyfundtyp | e | |
|---|---|---|---|---|
| Unrestricted | Restricted | Endowed | Total | |
| Funds | Funds | Funds | 2022 | |
| £ | £ | £ | £ | |
| incomeandEndowmentsfrom: | ||||
| CharitableActivities | ||||
| Schoolfeesreceivable | 9,059,671 | (28,016) | 9,031,655 | |
| Ancillarytradingincome | 949,371 | 949,371 | ||
| Othertradingactivities | ||||
| Non-ancillarytradingincome | 212,633 | 212,633 | ||
| Otheractivities | 7,390 | 7,390 | ||
| Investments | ||||
| Investmentincome | 6,692 | 6,692 | ||
| Bankandotherinterest | ||||
| Voluntarysources | ||||
| GrantsandDonations | 8,359 | 31,933 | 40,292 | |
| Otherincomingresources | 134,215 | 134,215 | ||
| TOTALINCOMINGRESOURCES | 10,378,331 | 3,917 | 10,382,248 | |
| ExpenditureonRaisingFunds | ||||
| Nonancillarytradingcosts | 186,962 | 186,962 | ||
| Otherincomegeneratingactivities | 1,004,597 | 1,004,597 | ||
| Financingcosts | 17,216 | 17,216 | ||
| Investmentmanagement | 2,515 | 2,515 | ||
| Fundraisinganddevelopment | 102,873 | 102,873 | ||
| TOTALDEDUCTIBLECOSTS | 1,314,163 | 1,314,163 | ||
| CharitableActivities | ||||
| Educationandgrantmaking | 9,411,913 | 9,411,913 | ||
| TOTALEXPENDITURE | 10,726,076 | 10,726,076 | ||
| Netincomeandexpenditure | ||||
| beforetransfers | (347,745) | 3,917 | (343,828) | |
| Realisedgainsoninvestmentassets | 23,235 | 23,235 | ||
| Unrealisedgainsoninvestmentassets | (65,875) | (65,875) | ||
| Netincoming/(outgoing)resources | (390,385) | 3,917 | (386,468) | |
| Transfersbetweenfunds | ||||
| NetMovementinfundsfortheyear | (390,385) | 3,917 | (386,468) | |
| Fundbalancesat1stSeptember | 4,675,109 | 61,822 | 4,736,931 | |
| FUNDBALANCESASAT31STAUGUST2022 | 4,284,724 | 65,739 | 4,350,463 |
| Group | Group | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | ||||
| Netincomeforthereportingperiod(asperthe | statement | |||
| offinancialactivities) | (315,150) | (386,468) | ||
| Adjustmentsfor: | ||||
| Depreciationcharges | 320,467 | 292,092 | ||
| Lossesoninvestments | 7,230 | 42,640 | ||
| Dividends,interestandrentsfrominvestments | (7,312) | (6,692) | ||
| Financingcosts | 254,656 | 17,216 | ||
| Decreaseinstocks | 6,971 | (22,155) | ||
| (Increase)/decreaseindebtors | (186,782) | 74,443 | ||
| Increaseincreditors | 150,090 | 462,388 | ||
| 230,170 | 473,464 | |||
| Group | Cashflows | Othernon | Group | |
| 2022 | cashchanges | 2023 | ||
| 32. ANALYSISOFCHANGESINNETDEBT | ||||
| Cashatbankandinhand | 110,225 | 67,098 | 177,323 | |
| Overdraftfacilityrepayableondemand | (471,230) | (587,710) | (1,058,940) | |
| (361,005) | (520,612) | (881,617) | ||
| Borrowings | ||||
| Loansfallingduewithin1year | (554,668) | 427,634 | (127,034) | |
| Loansfallingdueafter1year | (362,625) | (362,625) | ||
| (554,668) | 65,009 | (489,659) | ||
| Totalcashandcashequivalents | (915,673) | (455,603) | (1,371,276) |