| Contents | |
|---|---|
| Paye | |
| Report of the Governors | 3 |
| Governors’ responsibilities in the preparation of the financial statements | 11 |
| Independent Auditor’s Report | 12 |
| Consolidated Statement of Financial Activities | 15 |
| Consolidated and Charity Balance Sheets | 17 |
| Consolidated Cash Flow Statement | 18 |
| Statement of Accounting Policies | 20 |
| Notes to the Accounts | 24 |
| 2021/22 | 2020/21 | ||||
|---|---|---|---|---|---|
| Number | of | pupils | 427 | 406 | |
| Number | of | bursary | pupils | 48 | 47 |
| l review consolidated financial information: |
||
|---|---|---|
| 2022 | 2021 | |
| £000 | £000 | |
| (restated) | ||
| Income | ||
| School fees | 8,646 | 7,534 |
| Donations | 216 | 33 |
| Ancillary income | 457 | 376 |
| Activities for generating funds | 323 | 232 |
| Grants | - | 156 |
| Other | 1 | 259 |
| Total Incoming Resources | 9,643 | 8,590 |
| Expenditure | ||
| Teaching | 4,407 | 4,059 |
| Welfare | 1,817 | 1,647 |
| Premises | 1,322 | 1,255 |
| Administration | 1,482 | 1,364 |
| Fundraising costs | 158 | 117 |
| Cost of activities for generating funds | 198 | 153 |
| Other | 5 | 5 |
| Total Resources Expended | 9,389 | 8,600 |
| Net incoming resources before transfers | 254 | (10) |
| Endowed | Restricted | Unrestricted | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | Total | ||
| Notes | 2022 | 2022 | 2022 | 2022 | 2021 | |
| (restated) | ||||||
| £ | £ | £ | £ | £ | ||
| INCOMING RESOURCES | ||||||
| Charitable activities: | ||||||
| School fees | 2 | - | - | 8,646,301 | 8,646,301 | 7,534,301 |
| Other ancillary income | 3 | - | - | 457,466 | 457,466 | 376,141 |
| Other trading activities: | ||||||
| Activities for generating | 5 | - | - | 322,521 | 322,521 | 231,536 |
| funds | ||||||
| Other incoming resources: | ||||||
| Profit on sale of tangible assets | 8 | - | - | 833 | 833 | 259,243 |
| Investment income | 4 | - | - | - | - | 51 |
| Voluntary income | 1 | - | 138,690 | 77,302 | 215,992 | 32,891 |
| Grant income | 1 | - | - | - | - | 155,850 |
| TOTAL INCOMING | - | 138,690 | 9,504,423 | 9,643,113 | 8,590,013 | |
| RESOURCES | ||||||
| EXPENDITURE | ||||||
| Raising funds: | ||||||
| Costs of activities for | ||||||
| generating funds | 6 | - | - | 197,718 | 197,718 | 153,120 |
| Fundraising costs | 6 | - | - | 158,240 | 158,240 | 116,223 |
| Investment management | 6 | |||||
| costs | 1,832 | 674 | 2,662 | 5,168 | 5,207 | |
| 1,832 | 674 | 358,620 | 361,126 | 274,550 | ||
| CHARITABLE ACTIVITIES | ||||||
| Education and grant making | 6 | 128,958 | 35,599 | 8,863,573 | 9,028,130 | 8,325,760 |
| TOTAL RESOURCES | ||||||
| EXPENDED | 130,790 | 36,273 | 9,222,193 | 9,389,256 | 8,600,310 | |
| Net incoming/(outgoing) | 6 | |||||
| resources before transfers | (130,790) | 102,417 | 282,230 | 253,857 | (10,297) |
| Endowed | Restricted | Unrestricted | |||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | Total | |
| 2022 | 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Net incoming/(outgoing) | |||||
| resources before transfers | (130,790) | 102,417 | 282,230 | 253,857 | (10,297) |
| Transfer between funds | (144,031) | 144,031 | - | - | |
| (Loss)/Gain on investments | 2,141 | 788 | 3,111 | 6,040 | 443 |
| NET MOVEMENT IN FUNDS | (128,649) | (40,826) | 429,372 | 259,897 | (9,854) |
| Total funds brought forward | 7,334,018 | 735,332 | (1,345,587) | 6,723,763 | 6,733,617 |
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 7,205,369 | 694,506 | (916,215) | 6,983,660 | 6,723,763 |
| Consolidated | Consolidated | School | School | ||
|---|---|---|---|---|---|
| Notes | |||||
| 2022 | 2021 | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| FIXED ASSETS | |||||
| Tangible assets | 8 | 8,436,107 | 8,588,023 | 8,436,107 | 8,588,023 |
| Investments | 9 | 2,500,921 | 2,500,050 | 2,500,921 | 2,500,050 |
| Investment in subsidiary | 9 | ||||
| undertaking | - | - | 10,000 | 10,000 | |
| 10,937,028 | 11,088,073 | 10,947,028 | 11,098,073 | ||
| CURRENT ASSETS | |||||
| Stocks | 20,136 | 27,228 | 20,136 | 27,228 | |
| Debtors and prepayments | 10 | 276,477 | 449,408 | 315,615 | 449,387 |
| Cash at bank and in hand | 52,817 | 11,823 | 1,785 | 2,739 | |
| 349,430 | 488,459 | 337,536 | 479,354 | ||
| CREDITORS: due within one | 11 | ||||
| year | (3,923,383) | (4,297,589) | (3,920,594) | (4,297,589) | |
| NET CURRENT LIABILITIES | (3,573,953) | (3,809,130) | (3,583,060) | (3,818,235) | |
| CREDITORS: due after more | 12 | (379,415) | (555,180) | (379,415) | (555,180) |
| than one year | |||||
| NET ASSETS | 13 | 6,983,660 | 6,723,763 | 6,984,555 | 6,724,658 |
| THE FUNDS OF THE CHARITY: | |||||
| ENDOWED FUNDS | 14 | 7,205,369 | 7,334,018 | 7,205,369 | 7,334,018 |
| RESTRICTED INCOME FUNDS | 14 | 694,506 | 735,332 | 694,506 | 735,332 |
| 7,899,875 | 8,069,350 | 7,899,875 | 8,069,350 | ||
| UNRESTRICTED INCOME FUNDS | 14 | (916,215) | (1,345,587) | (915,320) | (1,344,692) |
| TOTAL CHARITY FUNDS | 6,983,660 | 6,723,763 | 6,984,555 | 6,724,658 |
| Note | Note | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Net cash inflow/(outflow) from operations | la | 480,097 | 25,736 | |||
| Net cash provided by investing activities | lb | (199,217) | 106,407 | |||
| Net cash provided by financing activities | lc | (77,806) | (48,907) | |||
| CHANGE IN CASH AND CASH EQUIVALENTS IN THE | 203,074 | 83,236 | ||||
| YEAR | ||||||
| CASH | AND CASH EQUIVALENTS AT START OF PERIOD | (1,473,373) | (1,556,609) | |||
| CASH | AND CASH EQUIVALENTS AT END OF PERIOD | (1,270,299) | (1,473,373) | |||
| CASH | AND CASH EQUIVALENTS COMPRISE: | 2022 | 2021 | |||
| £ | £ | |||||
| Bank Overdraft | (1,323,116) | (1,485,196) | ||||
| Cash at bank and in hand | 52,817 | 11,823 | ||||
| CASH | AND CASH EQUIVALENTS | (1,270,299) | (1,473,373) | |||
| la | Reconciliation of net incoming/(outgoing) resources to | net | cash | 2022 | 2021 | |
| flow from operating activities | £ | £ | ||||
| Net change in resources | 253,857 | (10,298) | ||||
| Add back: | ||||||
| Return on investments: | ||||||
| Investment income | - | (51) | ||||
| Servicing of finance: | ||||||
| Bank interest paid | 76,900 | 48,907 | ||||
| Interest on finance leases | 906 | - | ||||
| Net incoming/(outgoing) resources from operating activities | 331,663 | 38,558 | ||||
| Depreciation charges | 436,296 | 498,042 | ||||
| Profit on sale of tangible assets | (833) | (259,243) | ||||
| Investment Management Charges | 5,168 | 5,207 | ||||
| Pension revaluation | (144,011) | - | ||||
| (Increase)/Decrease in stock | 7,087 | (1,967) | ||||
| (Increase)/Decrease in debtors | 172,931 | (138,670) | ||||
| (Decrease) in creditors | (328,204) | (116,191) | ||||
| Net cash inflow/(outflow) from operating activities | 480,097 | 25,736 | ||||
| 18 | I P a g e |
| lb | Cash flows from investing activities | 2022 | 2021 | ||
|---|---|---|---|---|---|
| £ | F | ||||
| Investment income | - | 51 | |||
| Payments to acquire tangible fixed | assets | (200,050) | (152,887) | ||
| Profit on sale in tangible assets | 833 | 259,243 | |||
| Receipts on the sale of investments | - | - | |||
| (199,217) | 106,407 | ||||
| ic | Cash flows from financing activities | 2022 | 2021 | ||
| £ | £ | ||||
| Bank Interest paid | (76,900) | (48,907) | |||
| Interest paid on finance leases | (906) | ||||
| (77,806) | (48,907) | ||||
| id | Reconciliation of net debt | At 1 | Other | At 31 | |
| September | Non Cash | August | |||
| 2021 | Cashflow | Movements | 2022 | ||
| £ | £ | £ | £ | ||
| Cash and Cash Equivalents | |||||
| Cash in hand and at bank | 11,823 | 40,994 | - | 52,817 | |
| Bank overdraft | (1,485,196) | 162,080 | - | (1,323,116) | |
| (1,473,373) | 203,074 | - | (1,270,299) | ||
| Borrowings | |||||
| Loans falling due within one year | (790,000) | 790,000 | (107,831) | (107,831) | |
| Loans falling due after one year | (360,000) | - | 23,501 | (336,499) | |
| (2,623,373) | 993,074 | (84,330) | (1,714,629) |
| 1 | LEGACIES, VOLUNTARY AND | GRANT | |||
|---|---|---|---|---|---|
| INCOME | Unrestricted | Restricted | Total | ||
| 2022 | 2022 | 2022 | |||
| £ | £ | £ | |||
| HMRC Furlough Grant | - | - | - | ||
| Donations and legacies | 77,302 | 138,690 | 215,992 | ||
| 77,302 | 138,690 | 215,992 | |||
| Unrestricted | Restricted | Total | |||
| 2021 | 2021 | 2021 | |||
| £ | £ | £ | |||
| HMRC Furlough Grant | 155,850 | - | 155,850 | ||
| Donations and legacies | 1,372 | 31,519 | 32,891 | ||
| 157,222 | 31,519 | 188,741 | |||
| Consolidated | and School | ||||
| 2. | CHARITABLE ACTIVITIES | — FEES RECEIVABLE | 2022 | 2021 | |
| £ | £ | ||||
| Total fees chargeable | 10,533,540 | 9,647,074 | |||
| Less: | |||||
| Reduction for siblings | (87,292) | (82,931) | |||
| Staff allowances | (328,252) | (324,417) | |||
| Scholarships | (748,832) | (731,098) | |||
| Bursaries | (681,886) | (603,390) | |||
| Other | (40,977) | (43,350) | |||
| Fee credit due to virtual term | - | (327,587) | |||
| Net tuition and boarding fees | 8,646,301 | 7,534,301 |
| Consolidated and School | Consolidated and School | |||||
|---|---|---|---|---|---|---|
| 3. | OTHER FEES | 2022 | 2021 | |||
| £ | £ | |||||
| Miscellaneous fees | 94,582 | 88,609 | ||||
| Nursery extended care | 3,896 | 6,445 | ||||
| Examination fees | 41,164 | 38,776 | ||||
| School transport | 160,235 | 97,678 | ||||
| Extra tuition | 59,675 | 59,095 | ||||
| Music | 81,369 | 74,790 | ||||
| Registration | 16,545 | 10,748 | ||||
| 457,466 | 376,141 | |||||
| 4. | INVESTMENT INCOME | Restricted | Endowed | Total | Total | |
| funds | funds | Unrestricted | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| Income from investments | - | - | - | - | 51 | |
| - | - | - | - | 51 | ||
| Consolidated and School | ||||||
| 2022 | 2021 | |||||
| 5, | ACTIVITIES FOR GENERATING | |||||
| FUNDS | £ | £ | ||||
| Rent from land and properties | 15,865 | 16,128 | ||||
| Rent from school houses | 47,773 | 45,334 | ||||
| Hire of premises and facilities | 28,213 | 1,844 | ||||
| Merchandise income | 2,418 | 966 | ||||
| Camps and courses | 155,443 | 133,386 | ||||
| Sundry income | 20,308 | 5,238 | ||||
| Uniform Shop Income | 3,362 | 3,619 | ||||
| Golf Club fees | 30,500 | 24,130 | ||||
| Theatre Performances | 12,997 | 891 | ||||
| Foundation fundraising income | 5,643 | - | ||||
| Sub-total | 322,522 | 231,536 | ||||
| Profit on Sale of Fixed Assets | 833 | 259,243 | ||||
| 323,355 | 490,779 |
| Staff costs | Deprec- | Equipment | Catering | Utilities | Other | Total | ||
|---|---|---|---|---|---|---|---|---|
| iation | & Supplies | |||||||
| 2022 | ||||||||
| £ | £ | £ | £ | £ | £ | £ | ||
| Costs ofgenerating funds | ||||||||
| Cost of other activities | 125,206 | - | 67,486 | - | - | 5,026 | 197,718 | |
| Fundraising costs | 116,053 | - | - | - | - | 42,187 | 158,240 | |
| Investment management costs | - | - | - | - | - | 5,168 | 5,168 | |
| Total costs of generating funds | 241,259 | - | 67,486 | - | - | 52,381 | 361,126 | |
| Charitable expenditure | - | |||||||
| Education and grant making | ||||||||
| Teaching | 3,908,521 | 30,608 | 376,741 | - | - | 91,118 | 4,406,985 | |
| Welfare | 639,369 | 66,909 | 93,448 | 490,383 | 307,631 | 219,625 | 1,817,365 | |
| Premises repair and | 671,865 | 319,334 | 330,364 | - | - | - | 1,321,563 | |
| maintenance | ||||||||
| Support costs and governance | 669,208 | 19,445 | - | - | 142,343 | 651,218 | 1,482,214 | |
| Total charitable expenditure | 5,888,963 | 436,296 | 800,553 | 490,383 | 449,974 | 961,961 | 9,028,130 | |
| Total expended | 6,130,222 | 436,296 | 868,039 | 490,383 | 449,974 | 1,014,342 | 9,389,256 |
| Governance costs | |
|---|---|
| Audit services | 19,602 |
| Governors Expenses and Training | 1,375 |
| 21,577 |
| Net outgoing resources | for the year are stated after charging: | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Depreciation on own assets | 436,296 | 498,043 | |
| Auditors remuneration | - audit | 19,602 | 21,776 |
| - other services | 600 | 2,596 | |
| Operating lease costs | 75,288 | 71,053 |
| (a) Total e | xpenditur | e | ||||||
|---|---|---|---|---|---|---|---|---|
| Staff costs | Depreciati | Equipment & | Catering | Utilities | Other | Total | ||
| on | Supplies | |||||||
| 2021 | ||||||||
| £ | £ | £ | £ | £ | £ | £ | ||
| Costs ofgenerating funds | ||||||||
| Cost of other activities | 104,916 | - | 14,128 | - | - | 34,076 | 153,120 | |
| Fundraising costs | 94,869 | - | - | - | - | 21,354 | 116,223 | |
| Investment management costs | - | - | - | - | - | 5,207 | 5,207 | |
| Total costs of generating funds | 199,785 | - | 14,128 | - | - | 60,637 | 274,550 | |
| Charitable expenditure | - | |||||||
| Education and grant making | ||||||||
| Teaching | 3,613,519 | 52,659 | 312,397 | - | - | 80,640 | 4,059,215 | |
| Welfare | 582,985 | 121,359 | 66,404 | 360,561 | 331,990 | 184,095 | 1,647,394 | |
| Premises repair and | 589,480 | 312,877 | 352,892 | - | - | - | 1,255,249 | |
| maintenance | ||||||||
| Support costs and governance | 640,699 | 11,148 | - | - | 132,111 | 579,944 | 1,363,902 | |
| Total charitable expenditure | 5,426,683 | 498,043 | 731,693 | 360,561 | 464,101 | 844,679 | 8,325,760 | |
| Total expended | 5,626,468 | 498,043 | 745,821 | 360,561 | 464,101 | 905,316 | 8,600,310 |
| Governance costs | |||
|---|---|---|---|
| Audit services | 21,776 | ||
| Governors Expenses and Training | 512 | ||
| 22,288 | |||
| 7. | EMPLOYEES | 2022 | 2021 |
| No. | No. | ||
| The average number of persons employed by the school, analysed | |||
| by category was as follows: | |||
| Teachers | 77 | 75 | |
| Ancillary Staff | 18 | 22 | |
| Laundry and sewing | 1 | 1 | |
| Medical and welfare | 14 | 24 | |
| Maintenance | 18 | 11 | |
| Caretakers, cleaners and security | 26 | 26 | |
| Catering (contracts held with external contractor) | 22 | 28 | |
| Administrative | 29 | 16 | |
| Trading | 1 | 2 | |
| Voluntary | 2 | 3 | |
| 208 | 208 |
| 2022 | 2021 | ||
|---|---|---|---|
| The aggregate employment costs of these persons were as follows: | £ | £ | |
| Wages and salaries | 5,115,498 | 4,697,120 | |
| Social security costs | 455,081 | 401,868 | |
| Other pension costs | 512,200 | 503,864 | |
| Benefits in kind | 55,910 | 48,467 | |
| 6,138,689 | 5,651,319 | ||
| Aggregate | employee benefits of key management personnel | 289,979 | 260,085 |
| The number of employees whose emoluments exceeded £60,000 | 2022 | 2021 | |
| were: | No. | No. | |
| £60,001 - |
£70,000 | - | 2 |
| £70,001 - |
£80,000 | 2 | 3 |
| £80,001 - |
£90,000 | 3 | - |
| £90,001 - |
£100,000 | 1 | - |
| £100,001 | - £110,000 | - | 1 |
| £110,001 | - £120,000 | 1 | - |
| £140,001 | - £150,000 | - | 1 |
| Consolidated | and School | ||||
|---|---|---|---|---|---|
| 8. | TANGIBLE FIXED ASSETS | Land and | Fixtures and | ||
| freehold | Plant and | fittings | |||
| properties | machinery | £ | Total | ||
| £ | £ | £ | |||
| Cost | |||||
| At 1 September 2021 | 13,908,985 | 981,064 | 1,228,605 | 16,118,654 | |
| Additions | - | 104,051 | 180,329 | 284,380 | |
| Disposals | - | (12,150) | (17,994) | (30,144) | |
| At 31 August 2022 | 13,908,985 | 1,072,965 | 1,390,940 | 16,372,890 | |
| Depreciation | |||||
| At 1 September 2021 | 5,623,804 | 834,237 | 1,072,590 | 7,530,631 | |
| Disposals | - | (12,150) | (17,994) | (30,144) | |
| Charged in the year | 276,180 | 43,155 | 116,961 | 436,296 | |
| At 31 August 2022 | 5,899,984 | 865,242 | 1,171,557 | 7,936,783 | |
| Net book value | |||||
| At 31 August 2022 | 8,009,001 | 207,723 | 219,383 | 8,436,107 | |
| At 31 August 2021 | 8,285,181 | 146,827 | 156,015 | 8,588,023 |
| consolidated and School | consolidated and School | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Less than one year | 21,427 | |
| Between two and five years inclusive | 72,053 | |
| More than five years | ||
| 93,480 |
| Consolidated and Schco’ | Consolidated and Schco’ | ||
|---|---|---|---|
| INVESTMENTS | |||
| Restrcted | Unestr cted | ||
| funds | funds | Total | |
| £ | £ | £ | |
| At 1 September 2021 | 1,212,322 | 1,287,728 | 2,500,050 |
| Disposals | - | - | - |
| Investment gain | 2,929 | 3,111 | 6,040 |
| Management Costs | (2,507) | (2,662) | (5,169) |
| At 31 August 2022 | 1,212,744 | 1,288,177 | 2,500,921 |
| Analysis of Investments | £ | ||
| Equities | 493 | ||
| Multi-asset funds | 382,897 | ||
| Liquid Assets | 2,117,531 | ||
| 2,500,921 |
| DEBTORS | Consolidated | School | ||
| 2022 | 2021 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Fees | 222,667 | 404,821 | 222,667 | 404,821 |
| General debtors | 6,978 | 3,071 | 4,760 | 3,050 |
| Prepayments and accrued income | 32,899 | 28,739 | 32,899 | 28,739 |
| Other debtors | 13,933 | 12,777 | 13,933 | 12,777 |
| Amount due from subsidiary | - | - | 41,356 | - |
| 276,477 | 449,408 | 315,615 | 449,387 |
| Consolidated | Consolidated | School | School | |||
|---|---|---|---|---|---|---|
| 11. | CREDITORS: due within one year | 2022 | 2021 | 2022 | 2021 | |
| £ | £ | £ | £ | |||
| Bank overdrafts | 1,323,116 | 1,485,200 | 1,323,116 | 1,485,200 | ||
| Bank Loan | - | 700,000 | - | 700,000 | ||
| CBIL <1 yr | 90,000 | 90,000 | 90,000 | 90,000 | ||
| Trade Creditors | 211,162 | 90,426 | 211,162 | 90,426 | ||
| Deposits | 434,757 | 356,282 | 434,757 | 356,282 | ||
| Deferred income | 1,227,746 | 1,198,755 | 1,227,746 | 1,198,755 | ||
| Other Creditors | 136,681 | 119,735 | 136,681 | 119,735 | ||
| Other tax and social security | 106,046 | 98,949 | 106,046 | 98,949 | ||
| Pension costs | 62,374 | 13,191 | 62,374 | 13,191 | ||
| Accrued charges | 97,468 | 64,146 | 94,678 | 64,146 | ||
| Pension deficit levy (note 19) | 19,875 | 67,176 | 19,875 | 67,176 | ||
| Finance lease liabilities | 17,831 | - | 17,831 | - | ||
| Deferred income | — Advance fee | |||||
| scheme creditors | 196,327 | 13,729 | 196,327 | 13,729 | ||
| 3,923,383 | 4,297,589 | 3,920,594 | 4,297,589 |
| Consolidated | and School | ||
|---|---|---|---|
| 12. | CREDITORS: due after one year | 2022 | 2021 |
| £ | £ | ||
| Deferred Income — advance fee scheme creditors |
17,123 | 27,029 | |
| Coronavirus Business Interruption Loan (CBIL) | 270,000 | 360,000 | |
| Pension deficit levy (note 19) | 25,793 | 168,151 | |
| Finance Lease liabilities | 66,499 | - | |
| 379,415 | 555,180 | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Deferred Fee Income at 1 Sept | 40,758 | 51,313 | |
| Released in the year | (14,459) | (17,558) | |
| New funds received in the year | 183,700 | 7,003 | |
| Deferred Fee Income at 31 August | 209,999 | 40,758 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Less than one year | 90,000 | 90,000 | ||
| Between two and five years inclusive | 270,000 | 360,000 | ||
| More than five years | - | - | ||
| 360,000 | 450,000 | |||
| ALLOCATION OF NET ASSETS | ||||
| Tangible | Net assets! | Total | ||
| assets | Investments | (liabilities) | 2022 | |
| £ | £ | £ | £ | |
| Endowed funds: | ||||
| Scholarship funds and other | - | 886,443 | - | 886,443 |
| Land and buildings | 6,318,926 | - | - | 6,318,926 |
| Restricted funds: | ||||
| Graham Watson Scholarship Fund | - | 326,299 | - | 326,299 |
| Foundation and other | - | - | 368,207 | 368,207 |
| 6,318,926 | 1,212,742 | 368,207 | 7,899,875 | |
| Unrestricted funds: | ||||
| School | 2,117,181 | 1,288,179 | (4,321,575) | (916,215) |
| 8,436,107 | 2,500,921 | (3,953,368) | 6,983,660 | |
| ALLOCATION OF NET ASSETS | ||||
| Tangible | Net | Total | ||
| assets | Investments | liabilities | 2021 | |
| £ | £ | £ | £ | |
| Endowed funds: | ||||
| Scholarship funds and other | - | 886,135 | - | 886,135 |
| Land and buildings | 6,447,884 | - | - | 6,447,884 |
| Restricted funds: | ||||
| Graham Watson Scholarship Fund | - | 326,185 | - | 326,185 |
| Foundation and other | - | - | 409,146 | 409,146 |
| 6,447,884 | 1,212,320 | 409,146 | 8,069,350 | |
| Unrestricted funds: | ||||
| School | 2,140,139 | 1,287,730 | (4,773,457) | (1,345,587) |
| 8,588,023 | 2,500,050 | (4,364,311) | 6,723,763 |
| Investment 31 Aug gains Transfers 2022 |
£ £ £ |
6,318,926 | 2,141 - 886,443 |
788 - 326,299 |
- (144,031) - |
- - 116,531 |
- - 12,128 |
- - 25,000 |
- - 50,123 |
- - 93,815 |
- - 70,610 |
2,929 (144,031) 7,899,875 |
3,111 144,031 (916,215) |
3,111 144,031 (916,215) |
6,040 - 6,983,660 |
The dilference relates to the unrestricted funds of Giggleswick Services Ltd. | 33 I P a g e |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Giggleswick School | NOTES TO THE ACCOUNTS | for the year ended 31 August 2022 | 14. STATEMENT OF FUNDS |
1 Sept 2021 Income Expenditure |
£ £ £ |
Endowed funds: | Land and buildings 6,447,884 - (128,958) |
Scholarship and other funds 886,134 - (1,832) |
Restricted funds: | Graham Watson Scholarship Fund 326,185 - (674) |
Foundation Bursaries 144,031 - - |
Annual Fund 116,531 3,518 (3,518) |
Hardship Fund 12,128 - - |
Boarding Refurbishment Fund 25,000 - |
Capital Fund - 50,123 - |
Chapel Fund 93,598 3,051 (2,834) |
Bursary lund 17,859 81,998 (29,247) |
Total restricted and endowed funds 8,069,350 138,690 (167,063) |
Unrestricted funds: | General Funds: School (1,345,588) 9,504,423 (9,222,192) |
Total unrestricted funds (1,345,588) 9,504,423 (9,222,192) |
Total funds 6,723,763 9,643,113 (9,389,256) |
The total funds of the School are £6,984,555 which are £895 more than the consolidated funds. |
| 31 Aug | 2021 | £ | 6,447,884 | 886,134 | 326,185 | 144,031 | 144,031 | 116,531 | 12,128 | 25,000 | 25,000 | 93,598 | 17,859 | 8,069,350 | (1,345,588) | (1,345,588) | 6,723,763 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Transfers | £ | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||
| Investment | gains | £ | - | 93 | 34 | - | - | - | - | - | - | 127 | 316 | 316 | 443 | |||||
| Expenditure | £ | (131,589) | (1,846) | (679) | - | (6,567) | (21,005) | - | - | (3,195) | (164,881) | (8,435,429) | (8,435,429) | (8,600,310) | ||||||
| Income | £ | - | - | - | - | - | 9,403 | - | 1,062 | 21,054 | 31,519 | 8,558,493 | 8,558,492 | 8,590,012 | ||||||
| 1 Sept | 2020 | £ | 6,579,473 | 887,887 | 326,830 | 144,031 | 123,098 | 23,730 | 25,000 | 92,536 | - | 8,202,585 | (1,468,968) | (1,468,968) | 6,733,617 | |||||
| Endowed funds: | Land and buildings | Scholarship and other funds | Restricted funds: | Graham Watson Scholarship Fund | Foundation Bursaries | Annual Fund | Hardship Fund | Boarding Refurbishment Fund | Chapel Fund | Bursary fund | Total restricted and endowed funds | Unrestricted funds: | General Funds: School | Total unrestricted funds | Total funds |
| t 31 August 2022 the future minimum lease payments u s follows: |
nder non-cancellable operating l | eases wa |
|---|---|---|
| Other | ||
| 2022 | 2021 | |
| £ | £ | |
| Less than one year | 29,235 | 41,640 |
| Between two and five years inclusive | 12,591 | 31,042 |
| 41,826 | 72,682 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| £ | F | ||||||
| Financial | assets | measured | at | fair | value | 2,500,921 | 2,500,050 |
| Consolidated and School | Consolidated and School | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| £ | £ | |||||
| Included | in | creditors: | due | within one year | 19,875 | 67,176 |
| Included | in | creditors: | due | after one year | 25,793 | 168,151 |
| Endowed | Restricted | Unrestricted | |||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | ||
| Notes | 2021 | 2021 | 2021 | 2021 | |
| £ | £ | £ | £ | ||
| INCOMING RESOURCES | |||||
| Charitable activities: | |||||
| School fees | 2 | - | - | 7,534,301 | 7,534,301 |
| Other ancillary income | 3 | - | - | 376,141 | 376,141 |
| Other trading activities: | |||||
| Activities for generating | 5 | - | - | 231,536 | 231,536 |
| funds | |||||
| Other incoming resources: | |||||
| Profit on sale investments | - | - | - | - | |
| Profit on sale of tangible assets | - | - | 259,243 | 259,243 | |
| Investment income | 4 | - | - | 51 | 51 |
| Voluntary income | 1 | - | 31,519 | 1,372 | 32,891 |
| Grant income | 1 | - | - | 1SS,S50 | 155,850 |
| TOTAL INCOMING | - | 31,519 | 8,558,494 | 8,590,013 | |
| RESOURCES | |||||
| EXPENDITURE | |||||
| Raising funds: | |||||
| Costs of activities for | |||||
| generating funds | 6 | - | - | 79,324 | 79,324 |
| Fundraising costs | 6 | - | - | 112,179 | 112,179 |
| Investment management | 6 | ||||
| costs | 1,846 | 679 | 2,682 | 5,207 | |
| 1,846 | 679 | 194,185 | 196,710 | ||
| CHARITABLE ACTIVITIES | |||||
| Education and grant making | 6 | 131,589 | 30,767 | 8,241,244 | 8,403,600 |
| TOTAI RESOURCES | |||||
| EXPENDED | 133,435 | 31,446 | 8,435,429 | 8,600,310 | |
| Net outgoing resources before | |||||
| transfers | (133,435) | 73 | 123,065 | (10,297) |
| Endowed | Restricted | Unrestricted | ||
|---|---|---|---|---|
| Funds | Funds | Funds | Total | |
| 2021 | 2021 | 2021 | 2021 | |
| £ | £ | £ | £ | |
| Net outgoing resources before | ||||
| transfers | (133,435) | 73 | 123,065 | (10,297) |
| Transfer between funds | - | - | - | - |
| Gain on investments | 93 | 34 | 316 | 443 |
| NET MOVEMENT IN FUNDS | (133,342) | 107 | 123,381 | (9,854) |
| Tota’ funds brought forward | 7,467,360 | 735,225 | (1,468,968) | 6,733,617 |
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 7,334,018 | 735,332 | (1,345,587) | 6,723,763 |