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|||||Page|
|---|---|---|---|---|
|||||1-6|
|Strategic Report|||||
|||||7-9|
|Report ofthe Trustees|||||
|Consolidated|Statement ofFinancial||Activities|10|
|Balance Sheets|||||
|||||12|
|Consolidated|Cash Flow|Statement|||
|||||13—15|
|Accounting|Policies||||
|Notes to the|Consolidated|Financial|Statements|16-31|
|||||32|
|Directors and Officers|||||
|||||33|
|Reference and Administration|||||
|||||34 —35|
|Report of the Auditor|||||





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|Statf <br>Just <br>~|voioateere<br> as pupils take opportunities<br>to use their time and expertise to help others in the community,<br>staff are encouraged<br>to do so too.<br>The Chaplain<br>conducted<br>services in local churches,<br>attended<br>area Deanery meetings,<br>and spoke at a number oflocal church<br>and community<br>groups.<br>He provided holiday<br>and inter-regnum<br>service cover for local parishes. He visited training<br>camps for<br>the<br>Army<br>Reserve,<br>conducting<br>services<br>and<br>providing<br>Adventure<br>Training<br>instruction.<br>He<br>also<br>led the<br>community|
|---|---|
||Remembrance<br>service in Chigwell.|
|~|One teacher volunteers<br>at Chigwell Riding Trust each week.|
|~<br>~<br>~|One teacher is avolunteer<br>translator<br>for Prisoners Abroad.<br>One teacher is part ofthe Education<br>Group ofthe Royal Society ofChemistry.<br>One teacher acts as avolunteer<br>marshal<br>at the Harlow Junior Park Run each Sunday.|
|~|One teacher supports prospective<br>foster parents.|
|~<br>~<br>~|One member ofstaff is involved in girl-guiding.<br>A Chigwell<br>teacher is Chair ofthe Woodford Wells Open Tournament<br>Committee<br>which attracts five hundred<br>tennis players<br>aged eighteen or below &om across the South East.<br>Amember ofstaffhelps<br>atthe London Titans Wheelchair Basketball Club and atthe Get Active Sports Day for cancer patients|
|~|&om Great Ormond Street.<br>One teacher is a Governor<br>at Staffordshire<br>University<br>acting as Deputy<br>Chair on the Risk and Audit Committee<br>and member|
|~<br>~<br>~|oftheir Strategy<br>and Performance<br>Committee.<br>A member ofstaff coaches Loughton Lynxes Women's<br>Cricket team who participate<br>in the Essex Women's Premier League.<br>One teacher delivers training<br>for teachers from schools involved<br>in the Greenpower<br>Trust charity's<br>'Goblin'<br>project, where<br>students<br>design, build and race their own electric car. The goal ofthe project isto inspire young people to excel in STEM.<br>One teacher chaperones<br>for the Illusions Dance Academy<br>annual<br>show.|
|~|One stafT'member<br>acts as Treasurer<br>at alocal cricket club.|



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|||(including|an income and expenditure|an income and expenditure|account)|account)||||
|---|---|---|---|---|---|---|---|---|---|
|||For the year ended||31July 2022||||||
||Notes<br>Unrestricted<br>Funds<br>K'000|||Restricted<br>Funds<br>K'000||Endowment<br>Funds<br>K'000||Total<br>2022<br>K'000|Total<br>2021<br>F000|
|INCOME AND ENDOWMENTS||||||||||
|Income from charitable activities:<br>School fees receivable<br>Other educational<br>income<br>Ancillary trading income|||179092<br>171<br>33|||||17,092<br>171<br>33|15,342<br>114<br>19|
|Income from other sources:<br>Trading subsidiary<br>turnover<br>Rental income<br>Miscellaneous<br>income|||294<br>29<br>44|||||294<br>29<br>44|186<br>26<br>125|
|Investments:|||22|||||25|13|
|Investment<br>income||||||||||
|Voluntary<br>sources:<br>Grants, donations<br>and legacies|||17||36|||53|237|
|Total income|||17,702||36|||17,741|16,062|
|EXPENDITURE||||||||||
|Expenditure<br>on raising funds:<br>Ancillary trading expenditure<br>Trading<br>subsidiary<br>expenditure|||22<br>142|||||22<br>142|14<br>69|
|Total expenditure<br>on raising funds|||164|||||164|83|
|Expenditure<br>on charitable<br>activities:<br>Education and grant-making|||15,332|||||15/36|14,231|
|Total expenditure|||15,496|||||15,500|14,314|
|Net income/(expenditure)<br>from operations<br>before investment<br>gains and transfers|||2,206||32|||2,241|1,748|
||||||||||16|
|Unrealised<br>gains on investments||14||||||||
|Transfers between funds||Il|42||(40)||(2)|||
|Net income/(expenditure)<br>for the|year||2/48|||(8)||2,240|1,764|
|Movement<br>in pension scheme<br>funding<br>deficit|||132|||||132|42|
|Net movement<br>in funds for the year|||2,380|||(8)||2472|1,806|
|Fund balances brought forward<br>at I August 2021|||22,597|||56|3,718|26,371|24,565|
|Fund balances carried forward<br>at31July 2022||20|24,977|||48|3,718|28,743|26,371|
|All activities derive &om continuing||operations.||||||||





|||||Grou||Chari||
|---|---|---|---|---|---|---|---|
|Fixed assets|||Notes|2022<br>8'000|2021<br>5'000|2022<br>F000|2021<br>5'000|
|School buildings<br>Investments|and equipment||13<br>14|31,903<br>109|23,893<br>110|31+03<br>110|23,893<br>111|
|||||32,012|24,003|32,013|24,004|
|Current assets||||||||
|Stocks<br>Debtors<br>Cash and deposits|||15<br>16|25<br>164<br>2,914|21<br>96<br>4,665|21<br>241<br>2,818|20<br>153<br>4,592|
|Current liabilities||||3,103|4,782|3,080|4,765|
|Creditors payable within one year|||17|(3,284)|(2,017)|(3,262)|(2,001)|
|Net current assets||||(181)|2,765|(182)|2,764|
|Total assets less current liabilities||||31,831|26,768|31,831|26,768|
|Lou~-term<br>liabiTities||||||||
|Creditors payable afier one year<br>Pension scheme funding deficit|||19<br>9|(3,058)<br>(30)|(235)<br>(162)|(3,058)<br>(30)|(235)<br>(162)|
|Net assets||||28,743|26,371|28,743|26,371|
|Represented<br>by:||||||||
|Unrestricted<br>funds||||||||
|Designated<br>funds<br>General School funds<br>Pension reserve|||20<br>2Q<br>2Q|1+68<br>23,439<br>(30)|1,487<br>21,272<br>(162)|1+68<br>23,439<br>(30)|1,487<br>21,272<br>(162)|
|||||24,977|22,597|24,977|22,597|
|Restricted funds|||20|48|56|48|56|
|Endowment<br>funds|||20|3,718|3,718|3,718|3,718|
|Total funds||||28,743|26,371|28,743|26,371|
|Statement ofChari||net income||||||
|Net income ofthe charity for the year||||||2+70|1,806|





||Notes|2022<br>K'000|2022<br>g'000|2021<br>f.'000|2021<br>f000|
|---|---|---|---|---|---|
|Net incoming funds from operations|||2,241||1,748|
|Depreciation<br>charges<br>Increase in stocks<br>(Increase)/Decrease<br>in debtors<br>Increase/(Decrease)<br>in creditors<br>Movements<br>on advance fees<br>Movements<br>on admission<br>deposits|13<br>15<br>16<br>17&19<br>18<br>17&19||105<br>(4)<br>(68)<br>1,603<br>(44)<br>5||198<br>189<br>(226)<br>219<br>4|
|Net cash inflow from operations|||3,838||2,132|
|Cash flow from investing<br>activities<br>School buildings<br>and equipment|13|(8,115)||(2,036)||
|Cash outflow before financing|||(8,115)||(2,036)|
|Cash flow from financing<br>activities<br>Long term loan utilisations|19|2,526||||
||||2,526|||
|(Decrease)/Increase<br>in cash in the year|||(1,751)||96|
|Analysis ofchanges in net funds:||||||
|Cash at bank and in hand at 31July 2022<br>Cash at bank and in hand at 1August 2021|||2,914<br>(4,665)||4,665<br>(4,569)|
||||(1,751)||96|
|Net cash inflow||||||
|ReconciTiation ofnet cash flow to movement|in net funds:|||||
|(Decrease)/Increase<br>in cash in the year<br>Cash inflow from increase in debt|||(1,751)<br>(2,526)|||
|Movement<br>in net funds in the year|||(4/77)||96|
|Net surplus<br>at 1August 2021|||4,665||4,569|
||||388||4,665|
|Net surplus at31July 2022||||||
|Net s<br>lus is re resented b||||||
||||2,914||4,665|
|Cash atbank and in hand|||(2,526)|||
|Bank loan||||||
||||388||4,665|










## 








|||||||||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||K'000||5'000|
|Results ofthe charity|||||||||||||
|The financial<br>activities<br>shown<br>in the SoFA represent<br>those of the charity and its wholly<br>Enterprises<br>Limited.<br>A summary ofthe financial<br>activities undertaken<br>by the charity alone||||||||owned<br>subsidiary<br> is set out below:||company,|Chigwell|Mitre|
|||||||||||17,582||15,973|
|Total income<br>Total expenditure<br>on|charitable||activities|||||||(15,319)<br>(23)|(14,211)<br>(14)||
|Expenditure<br>on raising funds||||||||||(I)||16|
|Investment<br>(losses)/gains||||||||||131||42|
|Movement<br>in pension|scheme||funding|deficit|||||||||
|||||||||||2/70||1,806|
|Net income|||||||||||||
|||||||||||26/71||24,565|
|Total funds brought forward|||||||||||||
|||||||||||28,741||26,371|
|Total funds carried|forward||||||||||||
|Represented<br>by:||||||||||24,976||22,597|
|Unrestricted<br>income|funds|||||||||47||56|
|Restricted income funds||||||||||3,718||3,718|
|Endowment<br>funds|||||||||||||
|||||||||||28,741||26,371|
|Income from charitable||activities|||||||||||
|a) School fees receivable|||||||||||||
|||||||||||19,023||17,180|
|Gross School fees<br>Less: Bursaries, scholarships|||snd other remissions|||and discounts||||(1,931)||(1,838)|
|||||||||||17,092||15,342|
|Net fees|||||||||||||



## 


|b) Other educational|income|||
|---|---|---|---|
|||53||
|School trips and other|pupil activities|118|114|
|Entrance and registration<br>fees||||
|||171|114|





## 

## 


||||||2022<br>'||2021|
|---|---|---|---|---|---|---|---|
|Income from charitable|||activities (continued)||g000||8000|
|c) Ancillary|trading|income||||||
|Ancillary trading income|||comprises|the coffee shop and gifted orreduced rate use offacilities.|Profits are generated|as follows:||
|TUIIlover||||||||
||||||33||19|
|Costofsales:||||||||
|Purchases,|including|impairment||losses||||
|Gifted orreduced rate use offaciTities|||||(17)||(10)|
||||||(5)||(4)|



## 

## 

|The wholly<br>owned<br>trading<br>subsidiary,<br>Chigwell<br>summary ofthe trading results forthe year is shown|The wholly<br>owned<br>trading<br>subsidiary,<br>Chigwell<br>summary ofthe trading results forthe year is shown|The wholly<br>owned<br>trading<br>subsidiary,<br>Chigwell<br>summary ofthe trading results forthe year is shown|The wholly<br>owned<br>trading<br>subsidiary,<br>Chigwell<br>summary ofthe trading results forthe year is shown|The wholly<br>owned<br>trading<br>subsidiary,<br>Chigwell<br>summary ofthe trading results forthe year is shown|The wholly<br>owned<br>trading<br>subsidiary,<br>Chigwell<br>summary ofthe trading results forthe year is shown|The wholly<br>owned<br>trading<br>subsidiary,<br>Chigwell<br>summary ofthe trading results forthe year is shown|The wholly<br>owned<br>trading<br>subsidiary,<br>Chigwell<br>summary ofthe trading results forthe year is shown|Mitre Enterprises<br> below:|Limited,|hires|out the School's|sports|and|other|facilities.<br>A|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Turnover||||||-external||||||||||
||||||||||||||294||186|
|Cost ofsales||||||-external||||||||||
||||||||||||||(14)||(8)|
|Gross profit||||||||||||||||
||||||||||||||280||178|
|Administration||costs||||-Chigwell<br>-external|School||||||(84)||(63)|
||||||||||||||(128)||(6o)|
|Operating|profit|||||||||||||||
||||||||||||||68||55|
|Interest receivable|||and||similar|income||||||||||
|Profit for|the year|||||||||||||||
||||||||||||||68||55|
|Donation|under Gift|||Aid to Chigwell School||||||||||||
||||||||||||||(68)||(55)|
|Net profit||||||||||||||||
|b) Rental|income||from the hire ofland||||and buildings|||||||||
|Staffaccommodation||||||||||||||||
|Music peripatetics|||-room hire||||||||||19||25|
||||||||||||||10||1|
||||||||||||||29||26|
|c) bfiscellaneous|||income|||||||||||||
|Business Interruption||||Insurance||||||||||||
|Interest on|late|and|unpaid fees||||||||||||100|
|Extra-curricular||clubs|||||||||||8||6|
|Sundry|||||||||||||33||18|
||||||||||||||3||1|
||||||||||||||||125|





## 

||Unrestricted<br>Funds<br>t'000<br>Restrrcted<br>Funds<br>K'000|Unrestricted<br>Funds<br>t'000<br>Restrrcted<br>Funds<br>K'000|Unrestricted<br>Funds<br>t'000<br>Restrrcted<br>Funds<br>K'000|Unrestricted<br>Funds<br>t'000<br>Restrrcted<br>Funds<br>K'000|Unrestricted<br>Funds<br>t'000<br>Restrrcted<br>Funds<br>K'000||Endowment<br>Funds<br>L'000|Endowment<br>Funds<br>L'000|Endowment<br>Funds<br>L'000|Total<br>2022<br>K'000|Total<br>2021<br>f'000||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|5|Investment<br>income||||||||||||
|||||||||||3|3||
||Dividends<br>&om listed investments|||||||||22|10||
||Bank deposit interest receivable|22|||||||||||
|||||||||||25|13||
||||22||||||||||
|6|Grants, donations<br>and legacies||||||||||||
||Government<br>grants||||||||||221||
||Job Retention Scheme (JRS)grant income||||||||||||
||||||||||||221||
||Total government<br>grants||||||||||||
||Donations<br>and legacies|||||1||||1|||
||Scholarship<br>and prize funds||||30|||||30|||
||Bursary Fund|||||5||||5|||
||Sports Centre Fund||||||||||||
||Friends-ef&rigweQ<br>Charity fundraising<br>events||17|||||||17|||
||Total donations<br>and legacies||17||36|||||53||16|
||Total grants, donations<br>and legacies||17|||36||||53|237||
||Government<br>grants<br>Certain members ofSchool staff were furloughed<br>last year between<br>September<br>2020 and February 2021 under the Government's<br>Job<br>Retention<br>Scheme (JRS). Claims under the JRS in the year ended 31 July 2021 amounted<br>to f220,859 and were limited to 8086 of<br>payroll<br>costs in accordance with the conditions ofthe scheme, although<br>all furloughed<br>staff received full pay and benefits<br>during this||||||||||||
||period.||||||||||||





|7|Analysis ofexpenditure||||||
|---|---|---|---|---|---|---|
||Costs ofraising funds|Staffcosts<br>(note 8)<br>f'000|Depreciation<br>(uote 13)<br>f'000|Other<br>costs<br>f'000|Total<br>2022<br>f'000|Total<br>2021<br>f'000|
||Ancillary<br>trading expenditure<br>Trading subsidiary<br>expenditure|||22<br>142|22<br>142|14<br>69|
||Total costs ofraising funds||||164|83|
||Charitable<br>expenditure||||||
||Education and mani nlkingr||||||
||Teaching<br>Welfare<br>Premises repair and maintenance<br>Finance costs|7,442<br>475<br>501|8<br>11<br>40|929<br>1,810<br>1,477|8/79<br>2/96<br>2,018|7,690<br>1,958<br>2,079|
||Grants, awards and prizes<br>Support costs and governance|1,643|45|56<br>9<br>890|56<br>9<br>2,578|41<br>2<br>2,461|
||Total charitable<br>expenditure|10,061|104|5,171|15+36|14,231|
||Total expenditure|10,061|104|5,335|15,500|14,314|



## 

|Wages and salaries||||||||
|---|---|---|---|---|---|---|---|
|Social Security costs<br>Pension contributions||||||7,774<br>790|7,352<br>753|
|Redundancy<br>costs||||||1,461<br>36|1,397|
|||||||10,061|9,502|
|Aggregate<br>employee benefits ofkey management||||personnel||386|374|
|The average number ofemployees||in the year|was|202 (2021:195),represented|as follows:|||
|||||||2022|2021|
|Teaching||||||Number|Number|
|Welfare||||||121|118|
|Premises||||||2|2|
|Support and administration||||||31|31|
|||||||48|44|
|||||||202|195|
|The number ofemployees|whose emoluments||exceeded f60,000were:|||||
|f60,000 - f70,000||||||||
|f70,000 - f80,000||||||||
|f80,000 - f90,000||||||||
|f100,000 - f110,000||||||||
|f110,000 - f120,000||||||||
|f170,000 -f180,000||||||||
|f180,000 - f190,000||||||||





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## 

|The present<br>value is calculated<br>using the discount<br>Report|The present<br>value is calculated<br>using the discount<br>Report|The present<br>value is calculated<br>using the discount<br>Report|rate, which|rate, which|is recognised|is recognised|as|a finance cost, detailed|a finance cost, detailed|in the following|in the following|in the following|Disclosure|Disclosure|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31July||31July||31July||
||||||||||2022||2021|||2020|
||||||||||g'000||5'000|||g'000|
|Present value ofprovision|||||||||30||162|||204|
|Assumptions:|||||||||||||||
|Rate ofdiscount% per annum|||||||||3.15||0'|||0.60|
|The discount<br>rates shown<br>contributions<br>due, would<br>contril&utions.|above are the equivalent<br>give the same results<br>as||single<br> using a|discount<br> full AA||rates which,<br>when<br> corporate<br>bond yield|||used to discount<br> curve to discount||the future<br>the same|recovery<br> recovery||plan<br>plan|
|||||||g'000||31July|2022<br>8000||f.'000|31|July 2021<br>8000||
|Reconciliation ofopening and closing provisions:|||||||||||||||
|Provision atstart ofyear|||||||||162|||||204|
|Unwinding<br>ofthe discount|factor (interest expense)|||||1|||||||||
|Re-measurements<br>-impacts ofany change in assumptions<br>Re-measurements<br>-amendments<br>tothe contribution<br>schedule||||||(I)<br>(98)|||||||||
|Income and expenditure<br>impact ofPRS 102||||||(90)|||||||||
|Deficit contribution<br>paid||||||(34)|||||(44)||||
|Net income and expenditure|impact||||||||(132)|||||(42)|
|Provision at end ofyear|||||||||30|||||162|
|||||||||||2022|||2021||
|Movement<br>in total funds for the period||||||||||K'000|||f.'000||
|This is stated after charging:|||||||||||||||
|Operating<br>lease rentals -hire ofequipment<br>Depreciation ofequipment<br>-owned assets<br>Auditors'<br>remuneration<br>for audit|||||||||||42<br>105<br>21||33<br>198<br>20||





|Transfers between funds|||||||School|Designated|Designated|Restricted|Endowment|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Fund<br>f'000||Funds<br>f'000|Funds<br>f'000|Funds<br>f'000|
|CME Disbursement<br>Fund: Gift Aid<br>CME Disbursement<br>Fund: Building improvement<br>Means-tested<br>bursaries<br>Bursary Fund replenishment<br>Restricted Bursary Fund|||projects||||(68)<br>36<br>1,028<br>(19077)<br>43||68<br>(36)<br>(19028)<br>1,077|(43)<br>3|(3)|
|Expendable<br>endowment<br>released<br>Notional<br>interest on monies held||in School bank|account|||~39)|||91|1<br> ~49)~(2||
|Further information<br>regarding|transfers between||funds|is|contained||in note 20.|||||
|Taxation||||||||||||
|The parent company,<br>Chigwell<br>the Taxes Act 1988or section||School, is a registered<br>charity and <br> 252 ofthe Taxation ofChargeable|||||is exempt fiom tax on income and <br>Gains Act 1992,to the extent that|||gains falling within section 505 of<br> these are applied to its charitable||
|objects.||||||||||||
|Tangible fixed assets||||||||Grou|and Chari|||
||||Freehold||||Freehold|||||
||||endowment<br>land<br>&buildings<br>f'000|||other<br>operating<br>land<br>&buildings<br>f'000||Projects in<br>the course of<br>development<br>f'000||Plant &<br>machinery<br>f'000|Total<br>f'000|
|Cost<br>At I August 2021||||14,651|||8,54$||1,188<br>7,915|762<br>200|25,149<br>8,115|
|Additions|||||||20||(20)|||
|Completed projects||||||||||(215)|(215)|
|Disposals||||||||||||
|At 31July 2022||||14,651|||8,568||9,083|747|33,049|
|Depreciation<br>At 1 August 2021|||||425||150<br>30|||681<br>75|1,256<br>105|
|Charge for the year||||||||||(215)|(215)|
|On dispossls||||||||||||
|At 31July 2022|||||425||180|||541|1,146|
|Net book value<br>At 31July 2022|||||14,226||$/88||9,083||31,903|
|At 31July 2021|||||14,226||8,398||1,188|81|23,893|




## 

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## 

## 

## 


||Grou||Chari||
|---|---|---|---|---|
|Investments|2022<br>f'000|2021<br>I'000|2022<br>F000|2021<br>f.'000|
|a) Quoted investments|||||
|Market value at 1 August 2021<br>Unrealised<br>(losses)/gains|110<br>(I)|94<br>16|110<br>(I)|94<br>16|
|Market value at31July 2022|109|110|109|110|
|Historical cost at31July 2022|37|37|37|37|



## 

|Wholly owned subsidiary|||||
|---|---|---|---|---|
|The School owns the whole ofthe issued <br>in the United Kingdom|share capital and undertaking|ofChigwell Mitre Enterprises|Limited, a company|incorporated|
||||2022|2021|
|The assets and liabilities ofthe subsidiary|were:||F000|g'000|
|Current assets|||||
|Current liabilities|||114|91|
||||(113)|(90)|
|Total net assets|||||
|Aggregate<br>share capital and reserves|||||





||||||||Grou||Chari||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||2022<br>t'000||2021<br>f.'000|2022<br>8'000|2021<br>8000|
|15|Stock||||||||||
||||||||21|20|21|20|
||Catering supplies<br>Old Chigwellian<br>Club Bar||||||4|I|||
||||||||25|21|21|20|
|16|Debtors||||||||||
||||||||65|47|65|47|
||Fee debtors||||||4|5|19|25|
||Sundry debtors<br>Prepayments<br>and accrued income||||||95|44|157|81|
||||||||164|96|241|153|
|17||Creditors<br>falling due within one year|||||||||
||||||||17|15|17|15|
|||Admission<br>deposits|||||252|187|252|187|
|||Supplier creditors<br>Taxation and Social Security|||||215<br>196|197<br>201|215<br>196|197<br>201|
|||Other creditors<br>Accruals and prepaid income|||||1,412|188|1@90|172|
||||||||2,092|788|2,070|772|
|||Advance fees (note 18)|||||1,192|1,229|1,192|1,229|
||||||||3,284|2,017|3,262|2,001|
|18||Advance fee payments|||||||||
|||Parents may pay the School tuition fees in advance,<br>either in instalments<br>under the School's formal loan scheme, or in a lump<br>surrL<br>In<br>respect oflump<br>sum advances,<br>the longer-term<br>monies are returnable<br>on receipt ofone term's notice.<br>Assuming<br>the pupils concerned<br>remain in the School, advance fees will be applied as follows:|||||||||
|||Within one year<br>Between one and five years|||||1,192<br>70|1,229<br>77|1,192<br>70|1,229<br>77|
||||||||I/62|1,306|1/62|1,306|
||19|Creditors falling due after more than one year|||||||||
|||Bank loan<br>Advance fees (note 18)|||||2,526<br>70<br>161|77<br>158|2,526<br>70<br>161|77<br>158|
|||Admission<br>deposits|||||301||301||
|||Other creditors|||||||||
||||||||3,058|235|3,058|235|
|||Analysis ofbank loan<br>Repayable between one and two years<br>Repayable between two and five years|||||550<br>1,976||550<br>1,976||
||||||||2,526||2,526||





## 

## 

|Analysis ofcharitable<br>fund<br>~Gd Ch|Analysis ofcharitable<br>fund<br>~Gd Ch|Analysis ofcharitable<br>fund<br>~Gd Ch|s||||||
|---|---|---|---|---|---|---|---|---|
|a) Analysis ofunrestricted|||fund movements||||||
||||||Expenditure||||
|Designated<br>funds|||Balance at<br>1August<br>2021<br>f'000|Income<br>f'000|dk movement<br>in funding<br>deficit<br>f.'000|Transfers<br>in<br>(note 11)<br>f'000|Transfers out<br>(note 11)<br>f'000|Balance at<br>31July<br>2022<br>f'000|
|Bursary Fund<br>CME Disbursement<br>Fund<br>Building Maintenance<br>Fund|||1,036<br>142<br>309|||1,077<br>68|(1,028)<br>(36)|1,085<br>174|
|||||||||309|
||||1,487|||1,145|(1,064)|1,568|
|General funds|||||||||
|School Fund<br>Pension reserve|||21,272<br>(162)|17,702|(15,496)<br>132|1,107|(1,146)|23,439<br>(30)|
||||22,597|17,702|(15364)|2,252|(2310)|24g77|





## 

|Analysis of charitable<br>funds (continued)|Analysis of charitable<br>funds (continued)||||||||
|---|---|---|---|---|---|---|---|---|
|b) Analysis ofrestricted<br>fund|movements|||||||Balance at|
||Balance at<br>1August<br>2021<br>5'000|Income<br>K'000||Expenditure<br>K'000<br>Transfers in<br>(note 11)<br>K'000||Transfers out<br>(note 11)<br>K'000||31July<br>2022<br>K'000|
|Scholarship<br>and prize funds<br>General Prize Fund|5|||(4)||||5<br>6|
|Tim Pruss Memorial Fund<br>Bursary Fund|6<br>45||30||||(43)|32|
||56||31|(4)|||(43)|43|
|Property development<br>funds|||||||||
|Sports Centre Fund|||||||||
||56||36|(4)|3||(43)|48|
|Scholarship<br>and prize funds<br>Prize Fund<br>Tim Pruss Memorial Fund<br>Bursary Fund||Description,<br>nature and purposes ofthefund<br>To provide academic and other prizes for achievement<br>Toprovide a suitable memorial<br>in remembrance<br>ofaformer pupil<br>To compliment<br>the School's existing designated Bursary Fund (note 20 a)|||||||



|c) Analysis ofendowment|fund movements|||||Balance at|
|---|---|---|---|---|---|---|
||Balance at<br>1August<br>2021<br>L'000|Income<br>R'000|Expenditure<br>5'000|Net transfers<br>(note 11)<br>K'000|Investment<br>gains<br>K'000|31July<br>2022<br>K'000|
|Expendable<br>endowments<br>General Prize Fund|110|||(3)||109|
|Permanent<br>endowments|||||||
|Freehold land and buildings|3,608||||||
|Total endowments|3,718|||||3,718|





## 

## 

## 

## 

## 

|At 31July 2021,the charity had the|At 31July 2021,the charity had the|following financial and capital commitments:|following financial and capital commitments:|following financial and capital commitments:||||||
|---|---|---|---|---|---|---|---|---|---|
|a) Financial commitments|under non-cancellable||operating leases:|||Equipment||Equipment||
||||||||2022||2021|
|Due under one year<br>Due between two and five|years||||||f'000<br>37<br>123||f'000<br>29<br>25|
||||||||160||54|
|b) Capital commitments,<br>Chapel.|authorised|and contracted,||in respect ofconstruction|ofa new Sports Centre and the refurbishment||||ofthe|





## 

## 

## 

## 

|a) Consolidated<br>Statement of Financial|Activities||||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted||Endowment||Total|
|||Notes|Funds<br>L'000|Funds<br>K'000||Funds<br>g'000||2021<br>K'000|
|INCOME AND ENDOWMENTS|||||||||
|Income from charitable activities:<br>School fees receivable<br>Other educational<br>income<br>Ancillary<br>trading income|||15,342<br>114<br>19|||||15,342<br>114<br>19|
|Income from other trading activities:|||186|||||186|
|Trading<br>subsidiary<br>turnover|||26|||||26|
|Rental income|||125|||||125|
|Miscellaneous<br>income|||||||||
|Investments:<br>Investment<br>income||24 (b)|10|||||13|
|Voluntary<br>sources:<br>Donations<br>and legacies||24(c)|228|||||237|
|Total income|||16,050|||||16,062|
|EXPENDITURE|||||||||
|Expenditure<br>on raising funds:<br>Ancillary trading expenditure<br>Trading<br>subsidiary<br>expenditure||24 (d)<br>24 (d)|14<br>69|||||14<br>69|
|Total expenditure<br>on raising funds|||83|||||83|
|Expenditure<br>on charitable<br>activities:<br>Education and grant making||24 (d)|14,143||||85|14,231|
|Total expenditure|||14,226||||85|14,314|
|Net htcome/(expenditure)<br>from operations<br>before investment<br>gains and transfers|||1,824|||(82)||1,748|
||||||||16|16|
|Unrealised<br>gains on investments|||||||||
|Transfers between funds||24 (e)|||||(2)||
|Net income and capital|||1,823||||(68)|1,764|
|Movement in pension scheme funding|deficit||42|||||42|
|Net movement<br>in funds for the year|||1,865||||(68)|1,$06|
|Fund balances brought<br>forward at I Aug 2020||25|20,732||47|3,786||24,565|
|Fund balances carried forward at31Jul 2021|||22,597||56|3,718||26/71|





## 

## 

|||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|
|b)Investment<br>income||Fund<br>f'000|Funds<br>f'000|Funds<br>f'000|2021<br>f'000|
|Dividends<br>&om listed investments||||||
|Bank deposit interest receivable||10|||3<br>10|
|||10|||13|
|c)Grants, donations<br>and legacies||||||
|Government<br>grants||||||
|Job Retention Scheme (JRS)grant income||221|||221|
|Total government<br>grants||221|||221|
|Donations and legacies||||||
|Scholarship<br>and prize funds||||||
|Bursary Fund||||||
|Friends ofChigwell||||||
|Charity fundraising<br>events||||||
|Total donations<br>and legacies|||||16|
|Total ants, donations<br>and legacies||228|||237|
|d) Analysis ofexpenditure||||Other|Total|
|||Staffcosts|Depreciation|costs|2021|
|Costs ofraising funds||f'000|f'000|6000|f'000|
|Ancillary trading expenditure<br>Trading subsidiary<br>expenditure||||14<br>69|14<br>69|
|Total costs ofraising funds||||83||
|Charitable<br>expenditure||||||
|Education and grant making:||||||
|Teaching<br>Welfare<br>Premises repair and maintenance<br>Finance costs||7,070<br>474<br>466|8<br>11<br>125|612<br>1,473<br>1,488|7,690<br>1@58<br>2,079|
|Grants, awards and prizes<br>Support costs and governance||1,492|54|41<br>2<br>915|41<br>2<br>2,461|
|Total charitable<br>expenditure||9,502|198|4,531|14+31|
|Total expenditure||9,502|198|4,614|14+14|
|e)Transfers<br>between funds||||||
|||School|Designated|Restricted|Endowment|
|||Fund<br>f'000|Funds<br>f'000|Funds<br>f'000|Funds<br>f'000|
|CME Disbursement<br>Fund: Gift Aid<br>CME Disbursement<br>Fund: Building improvement<br>Means-tested<br>bursaries<br>Bursary Fund replenishment<br>Building Fund reimbursement<br>Expendable<br>endowment<br>released|projects|(55)<br>158<br>969<br>11<br>9|55<br>(158)<br>(969)<br>(II)<br>(9)|||
|Notional<br>interest on monies held in School bank|account||||(3)<br>1|
|||1,091|(1,092)|3|(2)|





## 

|a) Analysis of|unrestricted||fund movements||Expenditure|||||Balance at|
|---|---|---|---|---|---|---|---|---|---|---|
||||Balance at<br>1August<br>2020<br>8'000|Income<br>f.'000|4h movement<br>in funding<br>deficit<br>8'000||Transfers<br>in<br>f'000||Transfers out<br>R'000|31July<br>2021<br>t'000|
|Designated<br>funds<br>Bursary Fund<br>CME Disbursement<br>Fund<br>Building Fund|||2,016<br>245<br>318|||||(11)<br>55|(969)<br>(158)<br>(9)|1,036<br>142<br>309|
||||2,579|||||44|(19136)|1,487|
|General funds<br>School Fund<br>Pension reserve|||18,357<br>(204)|16,050|(14,226)<br>42||1,136||(45)|21472<br>(162)|
||||20,732|16,050|(14,184)||1,180||(1,181)|22,597|
|b) Analysis ofrestricted||fund movements|||||||||
|||||||||||Balance at|
||||Balance at|||||||31July|
||||1August<br>2020|Income|Expenditure||Transfersin||Transfers out|2021|
||||f||||||||
|Scholarship<br>General Prize|and prize funds<br> Fund<br>4||||(3)|||||5<br>6|
|Tim Pruss Memorial Fund|||6|||||||45|
|Bursary Fund|||37||||||||
||||47|||(3)||||56|
|c) Analysis|ofendowment||fund movements||||||||
||||Balance at<br>1August<br>2020<br>l'000|Income &<br>exceptional<br>surplus<br>8'000|Expenditure<br>8'000||Net transfers<br>8'000||Investment<br>gains/(losses)<br>8'000|Balance at<br>31July<br>2021<br>8'000|
|Expendable<br>endowments<br>General Prize Fund|||94|||||(3)<br>16||110|
|Permanent<br>Assets held|endowments<br> in trust||3,692||(85)|||||3i608|
||||3,786|||(85)||(2)<br>16||3,718|





|||||Net Current|||
|---|---|---|---|---|---|---|
|Unrestricted<br>funds:|Fixed<br>assets<br>g'000|Inter-fund<br>loan<br>g'000|Investments<br>g'000|Assets/<br>(LiabiTities)<br>f'000|Long Term<br>Liablhities<br>K'000|Total<br>f'000|
|Designated<br>funds<br>General fund<br>Pension reserve|9,546|10,948||1,487<br>1,013|(235)|1,487<br>21,272|
||||||(162)|(162)|
|Restricted funds:|9,546|10,948||2,500|(397)|22,597|
|Scholarship<br>and prize funds||||56||56|
|Endowment<br>funds:||||56||56|
|Expendable<br>endowments<br>Permanent<br>endowments|14447|(10,948)|110|209||110<br>3,608|
||14+47|(10,948)|110|209||3,718|
|Total net assets|23,893||110|2,765|(397)|26371|





## 

## 



|||CHIGWELL SCHOOL|
|---|---|---|
|||REFERENCE AND ADMINISTRATION|
|CHARITY|NUMBER|1115098|
|COMPANY|NUMBER|05846105|
|PRINCIPAL|ADDRESS|Chigwell<br>School|
|||Chigwell|
|||Essex IG7 6QF|
|AUDITORS||Haysmacintyre<br>LLP|
|||10Queen Street Place|
|||London EC4R 1AG|
|BANKERS||HSBC Bank Plc|





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