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2023-08-31-accounts

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CHAFYN GROVE SCHOOL ED BY NTEE GOVERNORS' REPORT AND ACCOUNTS YEAR ENDED 31 AUGUST 2023

Registered Charity No: 1119907 Registered Company No: 06267911

CONTENTS

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1, Statutory Information 2.-6, Report of the Governors (incorporating Strategic Report) 7.~9. Report of the Auditors 10. Statement of Financial Activities Il, Income and Expenditure Account 12, Balance Sheet 13, Cash Flow Statement 14,-22. Notes to the Accounts

FLETCHER & PARTNERS

CHARTERED ACCOUNTANTS

SALISBURY

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(LIMITED GOVERNORS' REPORTBY GU A RANTEE)ND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |Governors:|/+|Mrs HR Lello|(Chair of Governors)| |+|T Y|Griffiths Esq|(Vice|Chair|of Governors)| ||'N Jones|Esq| |+/|M Mortimer|Esq|(Resigned|9|December|2022)| |/|MRD|Roller Esq| |+/|Mts A|Perry|(Safeguarding|Governor)| ||Mrs D L|Coveney| |+|Mrs|SL|Pitcairn| |+|Miss|S R McQuillen|(Appointed|17|January|2023)| |+|C|Saenger Esq|(Appointed|17|January 2023)| ||Mrs C M|McNeil|(Appointed|28|February 2023)| ||AJ A Donald Esq|(Appointed|28|February 2023)| |*|denotes|a member|of the|Finance|Committee| |+|denotes|a member|of the|Education|Committee| |/|denotes|a member|of the|Governance&|Nominations|Committee| |Senior|Management Team:| |Headmaster|S Head Esq| |Bursar|and| |Clerk|to|the|Governors|Mrs M L|Davies| |Deputy Head|(Academic)|Mr D|Gazard| |Deputy Head (Pastoral)|Mrs L Hearsey| |Senior Master|Mr|J Webster| |Head|of Pre-prep|Mrs C|Jones|~|(Resigned|30|April 2023)| |Mrs G Field|(Appointed|1|September 2023)| |Address:|Bourne Avenue| |Salisbury| |Wiltshire|SP1|1LR| |Advisers| |Bankers:|Lloyds|TSB|plc,|38|Blue Boar Row,|Salisbury SP1|1DB| |Auditors:|Fletcher &|Partners,|Crown|Chambers,|Bridge|Street,|Salisbury SP]|2LZ| |Registered|Numbers| |Charity No:|1119907| |Company No:|06267911|

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HAFYN G L (LIMITED BY GUARANTEE) REPORT OF THE GOVERNORS (INCORPORATING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2023

The Governing Body presents this report with the audited consolidated accounts for the year ended 31 August 2023, which have been prepared so as to comply with the provisions of the Companies Act 2006, the Charities Act 2011 and the Statement of Recommended Practice 'Accounting and Reporting by Charities (FRS 102)’,

THE STRATEGIC OBJECTIVES

The overall object of the Charity and its principal activities is to benefit the public by advancing the education of boys and girls by the provision of a day and/or boarding School in Salisbury and by ancillary or incidental educational activities and other associated activities for the benefit of the community.

Aims and Intended Impact

Within its objects, Chafyn Grove School's aim is to provide pupils from the ages 3-13 with a high standard of education across a broad range of areas and to prepare them for the demands of senior school and life in the modern world. The Governors confirm that they have complied with the duty in Section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. In this regard they have widened access to the educational provision of the charity by continuing to offer means tested bursaries to families who would otherwise be unable to access the School. The details are contained later in this report,

STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution

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Chafyn Grove School is a company limited by guarantee, incorporated on 4 June 2007 and governed by the Memorandum and Articles of Association which were approved on 3 July 2007, The Company is a registered charity. The activities of the unincorporated charity previously known as Chafyn Grove School were transferred to the charitable company with effect from 1 September 2007. The Members of the Board who are the Governors and Directors of the Company for the purposes of the Companies Act are set out on page 1. The number of the members of the Board shall not be fewer than eight nor more than twelve. As the Company is limited by guarantee, no Governor has any interest in the capital of the Company.

Appointment and induction of Governors Under the terms of the Articles of Association, Governors are appointed at the Board of Governors Meeting on the basis of eligibility, personal competence, specialist skills and local availability. New Governors are inducted into the workings of the Charity followed by a series of meetings and visits to familiarise the Governor with the School and the key personalities, including the Chairman, Headmaster and the Bursar/Clerk,

Organisational structure

The Governors, as trustees of the charity, are legally responsible for the strategic management and control of the school and meet at least once per term, The Governors have established an Education and Pastoral Committee, Finance Committee and Governance and Nominations Committee to meet once a term to appoint new Governors, examine educational, pastoral and financial issues in detail and to make recommendations to the Board. Link Governors are also appointed to represent safeguarding, estates, health & safety, early years foundation stage, marketing and boarding,

: Executive management | administration is 7 Key management

Executive management of the School is delegated to the Headmaster and the financial management and administration is delegated by the Board and Headmaster to the Bursar/Clerk.

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The Governors consider the Senior Management Team to be the key management personnel of the School. The remuneration of the key management is set by reference to comparative posts in the independent school sector and is reviewed annually.

Risk Management

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The Board of Governors regularly reviews the risks to the charity. Detailed consideration of risks is delegated to the Finance Committee, who are assisted by the Headmaster and Bursar/Clerk, Risks are identified, assessed and controls are established throughout the year. A formal review of the charity’s risk management processes is reviewed by the Finance Committee and presented to the Full Board of Governors on an annual basis,

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: Education: Improving Development: Staffing: Continuing Finance: Recruiting a Providing bursaries: ? to the School's : Numbers in the School 7 The number of pupils of pupils pupils at the end : STRATEGIC REPORT | OPERATIONAL PERFORMANCE

c CHOOL (LIMITED BY GUARANTEE) REPORTOF THE GOVERNORS (INCORPORATING THE STRATEGIC REPORT) (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2023

REPORT ON THE YEAR

Objectives for the Year

~ In summary, the Governing Body's strategies to achieve these objectives include:

Education: Improving the curriculum, developing pupils’ thinking skills and improving pupils' literacy, Development: Continuing the development of the facilities of the School.

Staffing: Continuing to adjust the School's staff structure to meet the changing pupil demographic. Finance: Recruiting a viable roll of pupils to ensure the long term financial stability of the School. Providing bursaries: Continuing to provide, whenever possible, means-tested bursaries to provide wider access oe to the School's educational provision.

The number of pupils of pupils pupils at the end of the schoo! year was 216,

OPERATIONAL PERFORMANCE

Public Examinations. Chafyn Grove sustained its tradition of sending children on to a wide range of leading senior schools, with Canford, Sherborne, Bryanston, Rugby and Marlborough all represented. In addition, scholarships were gained in the fields of Academic, Music, Sport, Art and Drama to Godolphin, Clifton, Clayesmore and Leehurst Swan.

Sporting Activities. Chafyn Grove aims to offer ‘Sport for All’ with dedicated coaching for all children in a variety of sports. The School competes in local as well as national competitions and were awarded the In2Hockey Wiltshire U13 Champions for boys and girls, South West LAPS Rugby Festival Winners and had a number of swimmers represent the South West in the ISA National Swimming Gala, Where possible, Chafyn Grove School aims to support minority sports and has guided sailors towards competitive events as well as larger scale team events.

The school hosts a variety of events that the whole school can be engaged in, including athletics, cross-country, a triathlon and a colour run as well as inter-house competitions in swimming, hockey and cricket. The school provides an extensive list of physical after school activities for children to choose from every term including badminton, squash, tennis, golf, football, horse riding, gymnastics, martial arts, fencing, archery, yoga, parkour, paddle boarding and many others.

At the end of the year, three year 8 pupils gained sporting scholarships for senior school to Clifton College and Clayesmore School.

Arts. The School continues to flourish in art, craft and design under the expert tuition of our Head of Art and new Design and Technology Teacher, The school ran a successful scholarship programme again this year with a year 8 pupil gaining a successful Scholarship application to Clayesmore school whist supporting others in producing their portfolios in their own dedicated scholarship classroom. Children in the Prep School benefited with a variety of art trips to Messums Gallery, Haynes Motor Museum, Devenish Woodland, Vanner Gallery and a year 6 workshop at Sherborne school. The art department produced the drama set for ‘Into the Woods’ and finished the Academic year with a Schoo! Summer Exhibition for parents.

Music, Music plays a very important role within Chafyn Grove School under the expert guidance of the Director of Music and Drama and her team of dedicated Peripatetic Music Teachers, Throughout the academic year the school held 12 music concerts across all year groups to showcase individual performers and groups such as the orchestra and jazz. The School celebrated great success in music exams too with 45 children taking ABRSM exams and 18 Trinity Music Exams. Scholarships: In year 8, one child gained a music scholarship to Godolphin and one gained a Performing Arts Scholarship to Leehurst Swan.

| Page 4 | CHAFYN GROVE SCHOOL : (LIMITED BY GUARANTEE) ! REPORT OF THE GOVERNORS (INCORPORATING THE STRATEGIC REPORT) (CONTINUED) ! FOR THE YEAR ENDED 31 AUGUST 2023 Drama, The School The School School continues to go from strength strength to strength with with lessons taught in drama from Pre-Prep drama from Pre-Prep from Pre-Prep Pre-Prep onwards and a a . full programme of programme of of LAMDA (London Academy of (London Academy of Academy of of Music and Drama Art) and Drama Art) Drama Art) Art) taught by by qualified specialist Teachers Teachers in speech speech and drama. Each term the term the the school stages a musical and drama production for parents musical and drama production for parents and drama production for parents drama production for parents production for parents for parents parents starting with a nativity play by Pre-Prep play by Pre-Prep by Pre-Prep Pre-Prep in the Autumn term, an impressive production of Into Into the Woods in the the Spring term by term by by the senior year groups year groups groups and Wind Wind in the Willows in the the Summer term performed performed by years years 3 - 5. All children take part in productions part in productions in productions productions to either act, sing or assist behind behind the scenes with the stage production production and lighting. | Contribution to Local Economy, Local Economy, Economy, The School School continues to play a prominent part in local a prominent part in local prominent part in local part in local in local local life, employing staff in a variety in a variety a variety variety : widely differing roles, differing roles, roles, and helps helps to attract professional professional families to the area. It also also provides education and boarding boarding accommodation for many of the military families many of the military families of the military families the military families military families families stationed in the Wiltshire the Wiltshire Wiltshire area and and beyond, Public Benefit. Chafyn Grove School actively seeks to be part of the local community and has granted land and services for | an allotment on the school grounds to grow fruit and vegetables to support The F3 Project for Salisbury Food Bank, The | School also has strong links with local primary and nursery schools including Winterbourne Earl's Primary School and : involved them in school events such as swimming galas and cricket coaching afternoons, The School also has a successful :7 programme letting the school sport facilities and halls for local community groups without charge for charity and fundraising events or for fees below local commercial rates, The School lets out the boarding facilities to provide affordable residential holidays to charity and Christian groups for | young people from all backgrounds and hosts sporting and activity clubs during school holidays for all local school-aged children between the ages of 4 % to 14 years, |

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Drama, The School The School School continues to go from strength strength to strength with with lessons taught in drama from Pre-Prep drama from Pre-Prep from Pre-Prep Pre-Prep onwards and a a full programme of programme of of LAMDA (London Academy of (London Academy of Academy of of Music and Drama Art) and Drama Art) Drama Art) Art) taught by by qualified specialist Teachers Teachers in speech speech and drama. Each term the term the the school stages a musical and drama production for parents musical and drama production for parents and drama production for parents drama production for parents production for parents for parents parents starting with a nativity play by Pre-Prep play by Pre-Prep by Pre-Prep Pre-Prep in the Autumn term, an impressive production of Into Into the Woods in the the Spring term by term by by the senior year groups year groups groups and Wind Wind in the Willows in the the Summer term performed performed by years years 3 - 5. All children take part in productions part in productions in productions productions to either act, sing or assist behind behind the scenes with the stage production production and lighting. Contribution to Local Economy, Local Economy, Economy, The School School continues to play a prominent part in local a prominent part in local prominent part in local part in local in local local life, employing staff in a variety in a variety a variety variety of widely differing roles, differing roles, roles, and helps helps to attract professional professional families to the area. It also also provides education and boarding boarding accommodation for many of the military families many of the military families of the military families the military families military families families stationed in the Wiltshire the Wiltshire Wiltshire area and and beyond,

Charity Fundraising and Volunteering. The majority of the fundraising efforts during 2022/23 were directed towards the Summer Ball, organised by the Friends of Chafyn Grove School. This raised a total of £13,000, of which £6,500 was donated. to the Salisbury Foodbank, In addition, the school raised a further £200 for the DEC for Ukraine and the Turkish Earthquake. The parent body remains very supportive, both through their presence at school functions and through the organisation of activities and events such as the Summer Ball through the Friends of Chafyn Grove School and Parent Reps.

FINANCIAL PERFORMANCE AND RESULTS FOR THE YEAR

The Governors focus a considerable amount of their time on ensuring the prudent management of the school's finances, This includes regular reviews with the Headmaster and Bursar/Clerk on current and projected income and expenditure and any resulting actions that may be appropriate to ensure the school's ongoing financial health and development.

Grant-Making Policy

The Governors’ policy is to widen public access to the School by providing eligible parents with means tested financial support with the school fees. This year the value of £257,614 was awarded in remissions including military day/boarding and sibling discounts. The total of £298,413 of bursary funding was awarded to support current parents to relieve hardship and widen access to the School including the support for the education of 3 Ukrainian families on full or substantial bursaries.

Review of Financial Transactions Total income, after adjusting for school bursaries and discounts, was £3,389,227, The expenditure for the year was £3,364,301 giving net income of £24,926 (2022: net income of £370,401).

Review of Financial Position

At the end of the year the net assets of the School were £3,986,768 (2022: £3,961,842),

Reserves Policy

The Bursary, Prize and Scholarship Funds are considered to be designated funds under the provisions of the Charities Act 2011, The original freehold land and the buildings thereon are held on endowment for the purposes of the School, in accordance with the Charity Commission scheme governing the original charity, Amounts spent from the general income of the School on improving the School's buildings therefore constitute a transfer to the endowment,

The Governors’ policy is to continue to use the funds generated by the School's activities to improve its facilities in this way, subject to the need to ensure that sufficient working capital is available to allow the activities to continue. The School's working capital requirements are kept under regular review,

Investment Policy

The Governors’ investment policy is to aim to achieve a balanced return from income and capital growth, subject to a medium degree of risk, by investing in charitable common investment funds with a substantial equity element,

The subsidiary called Chafyn Grove School Enterprises Limited was formed on 17 December 2008. The principal activity of the subsidiary is the exploitation of the revenue earning capabilities of the facilities at the School, For the year ended 31 August 2023, Chafyn Grove School Enterprises Limited made a profit of £14,816 and these profits (2022: £4,467) were paid over to the Charity under the Gift Aid scheme.

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CHAFYN GROVE SCHOOL REPORT OF THE GOVERNORS (INCORPORATING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

FUTURE PLANS

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The Governors continue to mature the future plans for the school under the Headmaster’s leadership with the following aims:

PRINCIPAL RISKS AND UNCERTAINTIES

The Governors are satisfied that all risks are assessed on a regular basis with systems and control measures in place to mitigate any impact on the charity.

The principal risks facing the charity are:

The Key Controls used by the School include:

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The Governors have been guided in their work by the Charity Governance Code 2020.

ACCOUNTING AND REPORTING RESPONSIBILITIES

The Governors are responsible for preparing the Annual Report and the group and parent company accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

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Company law requires the Governors to prepare financial statements, for each financial year, in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’, which give a true and fair viow of the financial activities of the company and the group during the year and of their financial position at the end of the year.

In preparing those statements, the Governors are required to:

1) Select suitable accounting policies and then apply them consistently;

2) Observe the methods and principles of the Charities SORP;

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CHAFYN GROVE SCHOOL (LIMITED BY GUARANTEE) REPORT OF THE GOVERNORS (INCORPORATING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

ACCOUNTING AND REPORTING RESPONSIBILITIES (continued)

The Governors are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and which enable them to ensure that the financial statements comply with the provisions of the Companies Act 2006, They are also responsible for safeguarding the assets of the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities,

In so far as each of the Governors are aware at the time of approving the Report:

The auditors, Fletcher & Partners, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This Annual Report including the Strategic Report was approved by the Governors on: Solis | rans bene and signed on its behalf by:

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Mrs H R Lello Chair of Governors

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TOMEMBERSTHE CHAFYN GROVE SCHOOL OF (LIMITED BY GUARANTEE)

Opinion

; We have audited the financial statements of Chafyn Grove School Limited and its subsidiary, Chafyn Grove School : Enterprises Limited, (the group) for the year ended 31 August 2023 which are set out on pages 10 to 22, These comprise | the Consolidated Statement of Financial Activities, the Consolidated Summary Income and Expenditure Account, the Consolidated and Parent Charitable Company Balance Sheets, the Consolidated Cash Flow Statement and the related : notes including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard , 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Aceepted Accounting Practice).

In our opinion the financial statements:

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Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Governors’ use of the going concern basis of accounting in the preparation of the accounts is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the School’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Governors with respect to going concern are described in the relevant sections of this report.

Other information

The Governors are responsible for the other information. The other information comprises the information included in the Governors' Annual Report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are tequired to report that fact.

We have nothing to report in this regard.

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Opinion on other matter prescribed by the Companies Act 2006 Tn our opinion, based on the work undertaken in the course of the audit:

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INDEPENDENT AUDITORS! REPORT. TO THE MEMBERS OF (LIMITEDCHAFYN BY GUARANTEE) GROVE SCHOOL(CONTINUED)

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Governors’ Annual Report including the Strategic Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of Governors

As explained more fully in the Governors! Responsibilities Statement, set out on page 5, the Governors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Governors are responsible for assessing the group and the parent charitable company's abilityto continue as a going concer, disclosing, as applicable, matters related to going concern and using the going concerh basis of accounting unless the governors either intend to liquidate the group and the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. We exercise professional judgement and maintain professional scepticism throughout the audit, Irregularities, including fraud, are instances of non-compliance with laws and regulations, We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Our approach to detecting irregularities, including fraud, is detailed below:

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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CHAFYN GROVE SCHOOL (LIMITED BY GUARANTEE) (CONTINUED)

Auditors' responsibilities for the audit of the financial statements (continued)

There are inherent limitations in our audit procedures described above, The more removed that laws and regulations are fromm financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance to enquiry of management and inspection of relevant correspondence. Furthermore, misstatements due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment and collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.[frc,org.uk/auditorsresponsibilities,][This][description][forms][part][ of][ our][auditor's] report.

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Use of our report

This report is made solely to the company's members, as a body, in accordance with section 495 and 496 of the Companies Act 2006, Our audit work has been undertaken so that we might state to the company's members those matters we ate required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its members as a body, for our audit work, for this report ot for the opinions we have formed.

Geoffrey Thomas (Senior Statutory Auditor) for and and on behalf behalf of

for and and on behalf behalf of Crown Chambers, FLETCHER & PARTNERS Bridge Street Statutory Auditors Salisbury SPi 2LZ

Fletcher & Partners is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

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CONSOLIDA CHAFYNTATEMENT GROVE SCHOOLOF CIAL A TIE. FOR THE YEAR ENDED 31 AUGUST 2023 (LIMITED BY GUARANTEE)

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|||||||||| |---|---|---|---|---|---|---|---|---| |Note|GeneralFund|RestricteFun|d|EndowmeFu|n|td|Total2023|Total2022| |INCOME FROM:| |Grants|and donations|2|6,807|2,200|-|9,007|6,096| |Charitable|activity-| |Operation|of the|school| |School fees|2,958,902|-|-|2,958,902|2,633,879| |Pupils!|extras|339,781|-|-|339,781|301,534| |Other income|4,800|-|-|4,800|5,400| |Other|trading|activities| |Lettings|70,832|-|-|70,832|82,710| |School|shop|sales|5,776|-|-|5,776|5,054| |Investments|7|129|-|-|129|51| |Other| |Profit on disposal of assets|--|-|-|-|498,587| |Total income|3,387,027|2,200|~|3,389,227|3,533,311| |EXPENDITUREON:| |Raising funds|3,206|-|-|3,206|5,499| |Charitable|activity| |Costs|of operation|ofthe school|3,263,587|2,200|95,308|3,361,095|3,157,411| |Total|expenditure|3|3,266,793|2,200|95,308|3,364,301|3,162,910| |Net|income/|(expenditure)|before|gains| |on investments|120,234|-|(95,308)|24,926|370,401| |Net income|/|(expenditure)|120,234|-|(95,308)|24,926|370,401| |Transfers|between funds|12|(42,554)|-|42,554|-|-| |Net movement|in|funds|77,680|-|(52,754)|24,926|370,401| |Total|funds brought forward|15|1,057,344|-|2,904,498|3,961,842|3,591,441| |Total funds|carried forward|£1,135,024|£-|£2,851,744|£3,986,768|—|£3,961,842|

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The statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 14 to 22 form part of the accounts.

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CHAFYN GROVE SCHOOL (LIMITED BY GUARANTEE) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |The|Group|The|Company| |Note|2023|2022|2023|2022| |INCOME| |School|fees|lo|3,298,683|2,935,413|3,298,683|2,935,413| |Lettings|70,832|82,710|56,664|65,840| |Schoo!|shop|sales|5,776|5,054|-|“| |Gift|aid from Chafyn|Grove|School| |Enterprises|Limited|-|-|14,816|4,467| |Grants|and|donations|2|9,007|6,096|9,007|6,096| |Other income|4,800|5,400|4,800|5,400| |Interest|and|investment|income|7|129|31|129|51| |Profit on|the|sale|of fixed assets|-|498,587|-|498,587| |3,389,227|3,533,311|3,384,099|3,515,854| |EXPENDITURE| |Staff costs|5|2,333,981|2,247,490|2,331,692|2,242,816| |Other|external|charges|842,768|733,515|839,929|730,978| |Interest payable|and|similar charges|3|15,181|13,884|15,181|13,884| |Depreciation of tangible|fixed assets|172,371|168,021|172,371|168,021| |3,364,301|3,162,910|3,359,173|3,155,699| |TOTAL NET INCOME FOR| |THE FINANCIAL YEAR|24,926|370,401|24,926|360,155| |Borne|from endowment funds|95,308|94,854|95,308|94,854| |NET INCOME FOR THE FINANCIAL YEAR|£120,234|£465,255|£120,234|£455,009|

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The notes on pages 14 to 22 form part of the accounts.

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GROVE SCHOOL GUARANTEE BALANCE SHEETS AS AT 31 AUGUST 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |The Group|The Company| |Note|2023|2022|2023|2022| |FIXED ASSETS| |Tangible|fixed|assets|6|4,360,730|4/429,082|4,360,730|4,429,082| |Investments|7|-|-|1|l| |4,360,730|4,429,082|4,360,731|4,429,083| |CURRENT ASSETS| |Stock|5,176|4,192|5,176|3,275| |Debtors|8|170,436|173,166|214,956|209,279| |Cash at bank and|in hand|438,174|324,727|390,883|253,160| |613,786|502,085|611,015|465,714| |CREDITORS:|Amounts|falling|due| |within|one year|9|695,216|621,684|692,446|585,314| |NET CURRENT|(LIABILITIES)|(81,430)|(119,599)|(81,431)|(119,600)| |TOTAL ASSETS LESS CURRENT LIABILITIES|4,279,300|4,309,483|4,279,300|4,309,483| |CREDITORS:|Amounts|falling|due| |after more than one year|10|292,532|347,641|292,532|347,641| |NET ASSETS|£3,986,768|£3,961,842|£3,986,768|£3,961,842| |CAPITAL AND|RESERVES| |Endowment Fund|12|2,851,744|2,904,498|2,851,744|2,904,498| |Designated Funds|13|-|-|-|-| |Restricted|Funds|14|-|-|-|-| |General|Fund:| |Income|and|Expenditure|Account|1,435,024|1,057,344|1,135,024|1,057,344| |TOTAL CAPITAL AND|RESERVES|£3,986,768|£3,961,842|£3,986,768|£3,961,842| |Registered|Company No:|06267911| |The|notes|on pages|14|to|22|form part|of the|accounts.| |Signed on behalf of the Board of|Governors Melue|Lute| |Mrs H|R|Lello| |Chair|of Governors| |Approved by the Governor.|A|{Ub|2.9 snennnnna|

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CHAFYNGROVE SCHOOL NSOLIDATED(LIMITEDCASHBY GUARANTEE) FL TATEME FOR THE YEAR ENDED 31 AUGUST 2023

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Note 2023 2023 2022
CASHFLOWSFROM OPERATING ACTIVITIES
Net cash generated by /(used in)
operating activities a 280,411 156,599
CASHFLOWSFROMINVESTINGACTIVITIES ACTIVITIES
Interestfrominvestments 129 $1
Proceedsfromthe sale ofproperty,
plantand equipment - 507,565
Purchase ofproperty, plantandequipment (104,019) (128,118)
Net cash generatedby/Cused in)
investing activities (103,890) 379,498
CASHFLOWSFROMFINANCINGACTIVITIES
Repaymentofbankloans (47,893) (50,044)
Interestpaid (15,181) (14,110)
Net cash (used in)
financing activities (63,074) (64,154)
CHANGE INCASHANDCASHEQUIVALENTS
INTHEREPORTINGPERIOD b £113,447 £471,943
NOTES TO THE CASHFLOW STATEMENT
a. Reconciliation ofnet income/(expenditure)
with net cash flow from operating activities 2023 2022
Netincome / (expenditure) fot the reporting period
(as perthe statement offinancial activities) 24,926 370,401
Adjustments for:
Depreciation and impairment charges 172,371 168,021
Interestfrom investments
Interest paid		 (129)
15,181		 (51)
14,110
(Profit) on disposaloffixed assets - (498,587)
Decrease/(increase) in stock (984) (1,531)
Decrease/(increase) in debtors 2,730 (45,286)
(Decrease)/increase in creditors 66,316 149,748
(Decrease) inprovisions - (226)
Net cashflowgeneratedby / (used in) operating activities £280,411 £156,599
b. Analysis ofchanges in netcash / (debt) Ati9.22 Cash flows Otherchanges At 31.8,23
Cash atbank and inhand including overdrafts 324,727 113,447 - 438,174
Debtdue withinoneyear (42,809) 47,893 (58,009) (52,925)
Debtdue aftermorethan oneyear (245,032) - 58,009 (187,023)
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£36,886 £161,340 £- £198,226

: . CHAFYN GROVE SCHOOL : (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS ASAUGUSTAT 31 2023 : 1, ACCOUNTING POLICIES | a. Basis of Accounting 7 The accounts have been prepared been prepared prepared under the historical cost convention 7 transaction value unless unless otherwise stated in the relevant notes. the relevant notes. relevant notes. notes. The prepared in accordance with Accounting with Accounting Accounting and Reporting by Reporting by by Charitles: : applicable to charities preparing their accounts in accordance accordance with the the Financial | applicable in the UK and Republic of Ireland UK and Republic of Ireland and Republic of Ireland Republic of Ireland of Ireland Ireland (FRS 102) (issued in October 2019) : 102)), the Financial Financial Reporting Standard applicable in the UK and UK and and i Companies Act 2006 Act 2006 2006 and the the Charities Act 2011. 2011.

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The accounts have been prepared been prepared prepared under the historical cost convention with items recognised at cost or transaction value unless unless otherwise stated in the relevant notes. the relevant notes. relevant notes. notes. The financial statements have been

prepared in accordance with Accounting with Accounting Accounting and Reporting by Reporting by by Charitles: Statement of Recommended Practice applicable to charities preparing their accounts in accordance accordance with the the Financial Reporting Standard applicable in the UK and Republic of Ireland UK and Republic of Ireland and Republic of Ireland Republic of Ireland of Ireland Ireland (FRS 102) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Financial Reporting Standard applicable in the UK and UK and and Republic of Ireland (FRS 102), the Companies Act 2006 Act 2006 2006 and the the Charities Act 2011. 2011.

The company limited by guarantee is incorporated in England, The accounts are presented in Sterling,

The School constitutes a public benefit entity as defined by FRS 102.

The governors consider that there are no material uncertainties about the School's ability to continue as a going concern, The most significant area of future uncertainty is maintaining the level of pupil numbers.

The governors are required to make judgements, estimates and assumptions that are reviewed on an ongoing basis and are based on historical experience and other factors that are considered relevant, including future events that are considered reasonable. In the governors’ opinion a significant risk is the estimate and assumption for depreciation that affects the reported amounts of assets and liabilities and the reported amounts of revenue and expenses during the reporting period.

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b, Consolidation

The financial statements consolidate the results of Chafyn Grove School Limited and its wholly-owned subsidiary Chafyn Grove School Enterprises Limited on a line-by-line basis. A separate Statement of Financial Activities for the charity has not been presented because it has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.

d. Expenditure

Charitable activities include all expenditure incurred in meeting the educational and domestic needs of the pupils. This is considered to be one activity.

Support costs are all attributable to the one charitable activity and consist of administration costs, including salaries and office costs, marketing, travel expenses, recruitment and bad debts. 7

Governance costs comprise the costs of audit, legal advice and compliance with constitutional and statutory requirements. They inctude a proportion of the salaries of members of staff who are engaged in these activities, apportioned on the basis of the time spent, Governance costs are included withiu charitable activities.

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CHAFYN GROYE SCHOOL ; (LIMITED BY GUARANTEE) | NOTES TO THE ACCOUNTS S$ AT3f AUGUST 2023

1, ACCOUNTING POLICIES (CONTINUED)

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e, Tangible Fixed Assets Educational equipment used directly in carrying out the charitable purposes of the school is written off on acquisition, except when acquired as part of a new development project. Other fixed assets costing more than £5,000 are capitalised.

Depreciation is calculated to write off the fixed assets over their expected useful economic lives as follows: Freehold buildings (excluding 18 Bourne Avenue) 2% straight line basis Temporary buildings 10% straight line basis Motor vehicles 25% straight line basis Sports facilities 10% straight line basis Furniture and equipment: 25% straight line basis Lightning Protection System 5% straight line basis

A nil rate is used for freehold land because, in the Governors' opinion, its life is considered to be indefinite. A nil rate is also used for 18 Bourne Avenue as the Governors are satisfied that its market value is not less than the book value in the accounts, : Carrying values are reviewed annually and provision made, if necessary, for any impairment in value.

The investment in the subsidiary company is valued at cost less provision for impairment.

h. Debtors Debtors are measured at the amounts the charity anticipates it will receive from a debt or the amount it has paid in advance for goods or services. ,

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Cash at bank and in hand includes cash and cash on deposit.

j. Creditors Creditors are measured at the amounts the charity anticipates it will pay to settle a debt or the amount it has received as an advance payment for goods or services it must provide,

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k. Financial Instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. These are initially recognised at the amount receivable or payable and subsequently measured at their settlement value with the exception of the bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The interest charge in the accounts is calculated using the effective interest mnethod.

  1. Pension Costs Contributions in respect of the defined contribution schemes operated for all staff are charged as expenditure in the period to which they relate.

m. Fund Accounting

Where the Governors have set aside certain amounts out of the school's general funds for specific purposes, these are referred to as 'designated funds' and accounted for separately. Income arising on designated funds is credited to the general fund and capital gains and losses are credited or charged to the designated fund on which they arose. When donations are received for specific purposes they are credited to separate restricted funds and any income arising is credited to the same funds.

The school’s original freehold land and the buildings thereon are legally the property of the original charity and are held on endowment for the purposes of the school. Amounts spent from general income improving the school's buildings therefore constitute a transfer to the endowment fund.

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CHAFYN GROVE SCHOOL NOTES TO THE ACCOUNTS (CONTINUED) AS AT 31 AUGUST 2023

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  1. GRANTS AND DONATIONS
2. GRANTS AND DONATIONSAND DONATIONSDONATIONS
2023 2022
Donations 9,007 6,096
3,1 ANALYSIS OFTOTALEXPENDITURE- 2023
StaffCosts Depreciation OtherCosts — Total 2023 Total2022
Raising funds
School Shop costofsales 2,289 - 917 3,206 5,499
Charitable activity-operation oftheschool
Direct costs;
Teaching staff 1,523,615 - - 1,523,615 1,494,265
Educational costs - - 68,990 68,990 60,986
Costofextras 120,246 - 185,559 305,805 260,863
Household
Establishment		 317,448
113,304		 -
172,371		 228,291
186,447		 545,739
472,122		 502,053
431,296
2,074,613 172,371 669,287 2,916,271 2,749,463
Supportcosts ofschooling:
Schoo! administration 231,371 - 154,318 385,689 353,682
Interestpayable - - 15,181 15,181 13,884
Governance costs (note 4) 25,708 - 18,246 43,954 40,382
257,079 - 187,745 444,824 407,948
Costsofoperation of the school 2,331,692 172,371 857,032 3,361,095 3,157,411
£2,333,981 £172,371 £857,949 £3,364,301 £3,162,910
3.2 ANALYSISOFTOTALEXPENDITURE ~2022
Staff Costs Deprectation Other Costs Total2022 Total2021
Raisingfunds
SchoolShop costofsales 4,674 - 825 5,499 8,063
Charitableactivity-operation oftheschool
Direct costs:
Teachingstaff 1,494,265 - - 1,494,265 1,452,735
Educational costs - - 60,986 60,986 62,687
Costofextras 107,226 - 153,637 260,863 215,089
Household 309,499 - 192,554 502,053 442,356
Establishment 92,428 168,021 170,847 431,296 365,024
2,003,418 168,021 578,024 2,749,463 2,537,891
Support costs ofschooling:
Schooladministration 215,458 - 138,224 353,682 306,982
Interest payable - - 13,884 13,884 13,307
Governance costs (note 4) 23,940 - 16,442 40,382 40,572
239,398 - 168,550 407,948 360,861
Costs ofoperation oftheschool 2,242,816 168,021 746,574 3,157,411 2,898,752
£2,247,490 £168,021 £747,399 £3,162,910 £2,906,815

Support costs are the administrative costs incurred to enable the school to carry out the one charitable activity.

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! (LIMITED BY GUARANTEE) ; NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED31 AUGUST 2023

4, GOVERNANCE COSTS

GOVERNANCE COSTS .
2023 2022
Staff costs 25,708 23,940
Legalandprofessional fees 8,670 7,832
Auditors' remuneration: Audit 9,576 8,610
Other services - -
£43,954 £40,382

In common with many other businesses of our size and nature the Company uses its auditors to assist with the preparation of the financial statements.

The auditors also carry out the audit of the subsidiary company Chafyn Grove School Enterprises Limited,

5. STAFF COSTS

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STAFF COSTSCOSTS
2023 2022
Wages and salaries 1,978,788 1,904,551
Social security costs 164,335 161,102
Pension costs 190,858 181,837
£2,333,981
£2,247,490		 £2,247,490
The number ofemployees whose emoluments (excluding employerpension contributions) exceeded £60,000 were:
2023 2022
Gross emoluments
£60,000 - £70,000 - 1
£90,000 - £100,000 1 1
For thisemployee (2022: two), retirementbenefits are accruing in a defined contributionpension scheme.
The contributions amounted to: £15,035 £19,493
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The total paid to key management personnel of the Schoo! during the year (excluding pension contributions) was £395,751 (2022: £394,327).

The total termination payments charged by the School and its subsidiary for the year to 31 August 2023 was ENil (2022: £5,051), none of which was outstanding at the year end (2022: £Nil). The School's policy for any necessary redundancy or termination payments is settled in accordance with the appropriate legal advice.

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The average numbers of employees (some part titne only), analysed by function, were:

2023 2022
Teaching 34 34
Household, establishment and administration 35 36
Peripatetics 1] 10
80 “80

: Peripatetics 1] | 80 : The Governors received no remuneration in either financial year. No Governors had reimbursed travel expenses | in either financial year,

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CHAFYN GROVE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) AS AT 31 AUGUST 2023

Page 18

6. TANGIBLE FIXED ASSETS (COMPANY AND GROUP)

Freehold
Land and
Buildings		 Temporary
Buildings		 Motor
Vehicles		 Sports
Facilities		 Furniture&
Equipment		 Total
COST
At 1 September2022 6,164,852 56,538 72,595 509,778 875,205 7,678,968
Additions 18,607 - 27,705 - 57,707 104,019
Disposals - - - - - -
At 31 August2023 6,183,459 56,538 100,300 509,778 932,912 7,782,987
DEPRECIATION
At 1 September2022 1,897,494 56,538 72,595 435,586 787,673 3,249,886
Impairment charges - - - - - -
Charge for the year 111,655 - 6,926 13,651 40,139 172,371
Disposals - - ~ - - -
At 31 August2023 2,009,149 56,538 79,521 449,237 827,812 3,422,257
NETBOOKVALUE
At 31 August 2023 £4,174,310 £- £20,779 £60,541 £105,100 £4,360,730
At 31 August2022 £4,267,358 &- £- £74,192 £87,532 £4,429,082
Capital commitments contracted forbut notprovided for atthe year end were end were £Nil (2022; £Nil)
7a, INVESTMENTINCOME
Investmentincome consists of:- 2023 2022
Interestreceivableon cash deposits £129 £51
7b, INVESTMENTINTRADINGSUBSDIARY Investment
in subsidiary Total
Costat1September2022and31August2023 £1 £i

The investment in subsidiary consists of 1 ordinary share (100% of the share capital) in Chafyn Grove School Enterprises Limited (Company number; 06774790 and registered office at Bourne Avenue, Salisbury, Wiltshire SP1 1LR). The principal activity of the subsidiary is the exploitation of the revenue-earning capabilities of the facilities at Chafyn Grove School. The subsidiary company’s taxable profits have been gift aided to the School.

A summary of its trading results is shown below. Audited accounts have been filed with the Registrar of Companies.

2023 2022
Turnover 46,927 48,148
Cost ofsales (917) (826)
Gross profit 46,010 47,322
Adininistration expenses (excluding facilityfeepayable to ChafynGrove School) (4,361) (7,064)
41,649 40,258
Facility fee due to Chafyn Grove School (eliminated on consolidation) (26,833) (25,377)
14,816 14,881
Giftaidpayable to ChafynGrove School (14,816) (4,467)
Taxation - .
Profit after taxation and gift aid retained bythe subsidiary £- £10,414
The assets and liabilities ofChafyn Grove School Enterprises Limited at the
financial yearend were:
Current assets 79,844 105,858
Creditors: amounts falling due within one year (79,843) (105,857)
Total net assets £1 £1
Aggregatesharecapitalandreserves £1 Ei

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CHAFYN GROVE SCHOOL NOTES (LIMITEDTO. THE ACCOUNTS BY GUARANTEE)(CONTINUED) Page19 AS AT 31 AUGUST 2023

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||||||||| |---|---|---|---|---|---|---|---| |8.|DEBTORS|The|Group|The Company| |2023|2022|2023|2022| |Fees|and|extras|55,107|T1477|55,107|17,477| |Prepayments|43,126|30,001|43,126|30,001| |Amount|due|from|subsidiary|-|-|77,075|69,489| |Other|debtors|72,203|65,688|39,648|32,312| |£170,436|£173,166|£214,956|£209,279|

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There are no debtors failing due after more than one year (2022: £Nil)

9, CREDITORS: Amounts falling due within one year

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||||||||| |---|---|---|---|---|---|---|---| |The|Group|The|Company| |2023|2022|2023|2022| |Bank loans|(note|10)|52,925|42,809|52,925|42,809| |Fees and|extras|received|in advance|409,303|373,925|409,303|373,925| |Trade|creditors|146,344|104,228|144,594|72,459| |Social security|and|other taxation|41,916|37,475|41,916|37,475| |Accruals|44,728|63,247|43,708|58,646| |£695,216|£621,684|£692,446|£585,314|©|

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10, CREDITORS: Amounts falling due after more than one year (Company and Group)

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2023|2022| |Fees and|deposits|received|in|advance|105,509|102,609| |Bank|loans|187,023|245,032| |ae| |a£292,532|£347,64|| |The|bank loans|are|secured by|legal|charges|over|the|school's|freehold property.| |These|loans|are repayable|as|follows:|2023|2022| |Within one|year|52,925|42,809| |Between one and|two|years|56,317|54,065| |Between two|and|five|years|130,706|174,525| |In more than five years|-|16,442| |EE| |£239,948|£287,841|

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The school has entered into an interest rate swap and fixed rate loan agreements so as to fix the interest rates on these loans as follows:

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|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |Fixed|at 4.525%|until|29|September|2022|#|-|166,788| |Floating|at|base plus|1.75% #|139,611|-| |Floating|at|base|plus|2.25%|100,337|121,053| |£239,948|£287,841|

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Following the end of the fixed rate period the loan reverted to a floating rate of base rate plus 1.75%,

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11. DEFERRED INCOME
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|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |Brought forward|at|1|September 2022|376,924|277,841| |Released|in|the|year|(363,175)|(277,841)| |Deferred|in|the|year|397,960|376,924| |Carried|forward|at|31|August 2023|.|£411,709|£376,924| |Deferred income represents|pupil|fees|received|in|advance|for|future|years,|

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CHAFYN GROVE SCHOOL NOTES TO(LIMITEDTHE ACCOUNTS BY GUARANTEE)(CONTINUED)

Page 20

AS AT 31 AUGUST 2023

12,1 ENDOWMENT FUND - 2023

ENDOWMENT FUNDFUND - 2023
Income/ Transferfrom
At 1.9.22 (Expenditure) GeneralFund At 31.8.23
The GallowayBursaryfund 7,544 - - 7,544
Capital Account 75,585 - - 75,585
AccumulatedReserves 2,821,369 (95,308) 42,554 2,768,615
£2,904,498 £(95,308) £42,554 £2,851,744

The Galloway Bursary fund is used to provide income for bursary use. The balance of the Capital Account consists mainly of the surplus on the disposal of two properties in 1982 and 1983, The Accumulated Reserves shown as part of the Endowment Fund represent the extent to which accumulated income has been used to fund improvements to the School's land and buildings which are endowed assets.

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12,2ENDOWMENT ENDOWMENT
FUND		 ~2022
Income/ Transferfrom
As atl.9.21 _Expenditure GeneralFund Asat31,8.22
The GallowayBursaryfund
Capital Account		 7,544
75,585		 -
-		 -
-		 7,544
75,585
AccumulatedReserves 2,868,131 (94,854) 48,092 2,821,369
£2,951,260 £(94,854) £48,092 £2,904,498

13.1 DESIGNATED FUNDS - 2023

There were no designated funds to carry forward to or no new designated funds created in 2023,

13,2 DESIGNATED FUNDS - 2022

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13,2 DESIGNATED FUNDSDESIGNATED FUNDS 13,2 DESIGNATED FUNDSDESIGNATED FUNDSFUNDS - 2022
As at1.9.2] Income Expenditure Asat31,822
Scotia-BursaryFund 36,207 - (36,207) -
MGallowayFund 24,967 - (24,967) -
MissMillsMemorialFund 1,735 - (1,735) -
£62,909 - (62,909) - £-
14.1 RESTRICTEDFUND - 2023
At 1.9.22 Income Expenditure At31.8,23
Otherrestricted funds - 2,200 (2,200) -
£- 2,200 (2,200) £-
14.2RESTRICTED RESTRICTEDFUND -2022
At19,21 Income Expenditure At31.8,22
TheBuckleyBursaryFund 1,694 - (1,694) -
The GallowayBursaryfund 5,123 ~ (5,123) -
Other restrictedfunds - - - -
£6,817 - (6,817) £-

The Buckley and Galloway bursary funds were for the purposes ofrelieving hardship,

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CHAFYN GROVE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) AS AT 31 AUGUST 2023

15.1 ANALYSIS OF NET ASSETS BETWEEN FUNDS - 2023

General Designated Restricted Endowment Total
Fund Fuod Fund Fund Funds
Land and buildings 1,210,135 - - 2,964,175 4,174,310
Othertangible fixed assets 186,420 - - - 186,420
Current assets 606,242 - ~ 7,544 613,786
Currentliabilities (668,753) - - (26,463) (695,216)
Longterm liabilities (199,020) ~ - (93,512) (292,532)
£1,135,024 £- £- £2,851,744 £3,986,768
15.2 ANALYSISOF NETASSETSBETWEEN BETWEENFUNDS ~ 2022
General
Fund		 Designated
__und		 Restricted
Fund		 Endowment
Fund		 Total
und
Landandbuildings 1,226,482 - - 3,040,876 4,267,358
Other tangiblefixedassets 161,724 - - - 161,724
Current assets 494,541 - - 7,544 502,085 *
Current liabilities (600,278) - - (21,406) (621,684)
Longterm liabilities (225,125) - - (122,516) (347,641)
£1,057,344 £- £- £2,904,498 £3,961,842
  1. COMMITMENTS

Pension commitments

| The school operates three defined contribution schemes on behalf of the employees. The assets of these schemes | are held separately from those of the school in an independently administered fund. During the year to | 31 August 2023, the employer's contributions amounted to £188,782 (2022: £181,837). £29,719 was owed to the scheme at the year end (2022: £Nil).

Operating lease commitments

At 31 August 2023, the total of future minimum lease payments under non-cancellable operating leases, in respect of equipment, was as follows:

2023 2022
Amounts due within one year 15,743 18,927
Amounts due betweentwo and fiveyears 45,567 41,907
£61,310 £60,834

The amounts charged as an expense during the year for operating leases were £16,257 (2022: £18,069),

  1. RELATED PARTY TRANSACTIONS The taxable profits of the whoily owned subsidiary, Chafyn Grove School Enteprises Limited, are gift aided to the School, in addition to this, the subsidiary pays a yearly facility fee. In 2023 these totalled £41,649 as detailed in Note 7b (2022: £29,844). At the year end, Chafyn Grove School Enteprirses Limited owed Chatyn Grove School £77,075 (2022: £69,489).

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CHAFYN GROVE SCHOOL (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

18. PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES

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|||||||||| |---|---|---|---|---|---|---|---|---| |General|Designated|Restricted|Endowment|Total| |Fund|Fund|Fund|Fund|2022| |INCOME|FROM:| |Grants|and|donations|4,996|-|1,100|-|6,096| |Charitable|activity-| |Operation|of the|school| |School|fees|2,633,879|-|-|-|2,633,879| |Pupils‘|extras|301,534|-|-|-|301,534| |Other|income|5,400|-|-|-|5,400| |Other trading|activities| |Lettings|82,710|“|-|-|82,710| |School|shop sales|5,054|-|-|-|5,054| |Investments|51|-|-|-|51| |Other| |Profit|on|disposal|of assets|498,587|-|-|-|498,587| |Total|3,532,211|.|1,100|-|3,533,311| |EXPENDITURE ON:| |Raising funds|5,499|-|-|-|5,499| |Charitable|activity| |Costs|of operation|ofthe|school|3,061,457|-|1,100|94,854|3,157,411| |3,066,956|-|1,100|94,854|3,162,910| |Net|(expenditure)|before|gains| |on investments|465,255|-|-|(94,854)|370,401| |Net income/(expenditure)|465,255|-|-|(94,854)|370,401| |Transfers|between funds|21,634|(62,909)|(6,817)|48,092|-| |Net movement in funds|486,889|(62,909)|(6,817)|(46,762)|370,401| |Total|funds brought|forward|570,455|62,909|6,817|2,951,260|3,591,441| |eee a| |Total|funds carried forward|£1,057,344|£-|£|-|£2,904,498|£3,961,842|

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