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2022-08-31-accounts

P~ae
Report ofthe Governors 2-14
Report of the Independent Auditors 15-19
Statement of Financial Activities 20
Balance Sheet 21
Cash Flow Statement 22
Notes to the Financial Statements 23-35

Ms Lorraine Clews
Dr SEdmends MBBS,FRCA, MMedSci(Keele) (to30Jun22)
Mr RTaster
Mr DRHolland
MA
Mrs M Jones BSc(Hone), PGCE
Mr IGRMacDonald LL.B,Di .LP, MBA
Mr AMcGowan
Mrs KA Miller BSc,ACA (Vice-Chair)
Mr GENevt LL.B
Miss A
Steele BA(Hone), PGCE (from 30Jun22)
Mr DPWallbank BA(Chair)

Mission statement. Our mission is togive all our pupils 'the best start in life'.
Intended impact. The five characteristics
of the School vision have been stated		 as:
Excellent academic achievement
and co-curricular
activity, within an
aspirational
culture which values participation
and success
Happy confident pupils
Very strong home-school
partnership
A purposeful,
caring, calm and friendly ethos
Professional,
specialist dedicated
staff who give 'above and beyond'
Ethos: We have a set ofshared and agreed school characteristics,
which are what
define the School's ethos:
The happiness
ofour pupils
We are a 'Family School': we have family connections
which		 stretch back
over generations
We know our pupils
Our pupils achieve and we value their achievement
We are not an examination
factory: we believe in providing,		 and we do
provide, a rich variety ofout ofclass or co-curricular
activity
We contribute to the wider community
and are a local school
Our ethos is grounded,
down toearth, unpretentious
Our bursary
programme
enables us tomaintain
a wide social mix ofpupils		 in
the Senior School
Our staff are highly dedicated and give a great deal 'out ofhours' support
and care
We have high expectations
and a climate ofhard work. Hard work is valued
by pupils.

2021-22 2020-21 2019-20 2018-19 2017-18
Senior School 579 579 551 566 598
Pre arator School 221 208 221 239 242
Total 800 787 772 805

Note Unrestricted Restricted 2022 2021
funds funds Total Total
6 E
Income and endowments from:
Charitable
activities
School fees receivable 9,588,025 9,588,025 8,978,223
Ancillary
trading income		 698,771 698,771 386,074
Other trading activities
Non-ancillary
trading
income		 65,537 65,537 3,561
Investments 62,507 62,507 56,569
Voluntary
incoming sources		 141,137 2,192,589 2,333,726 1,349,805
Activities to generate funds 3,395
Total incoming resources 10,555,977 2,192,589 12,748,566 10,777,627
Expenditure
on:
Raising funds
Financing costs 39,536 39,536 32,172
Investment
management		 20,788 20,788 16,440
Total deductible
costs		 60,324 60,324 48,612
Charitable
activities
Education and grant making 8 9,949,711 14,000 9,963,711 9,352,013
Total expenditure 10,010,035 14,000 10,024,035 9,400,625
Net incoming funds fmm operation:
before transfers and investment gains 545,942 2,178,589 2,724,531 1,377,002
(Loss)/Gain on investments (257,833) 257,833 397,859
Net movement
in funds for the		 year 288,109 2,178,589 2,466,698 1,774,861
Fund balances brought forward at
1September 2021 15,061,600 697,106 15,758,706 13,983,845
Fund balances carried forward at
31August 2022 15,349,709 2,875,695 18,225,404 15,758,706

AS AT31AUGUST 2022
Note 31Aug 2022 31Aug 2021
Total Total
E 6
FIXEDASSETS
Tangible assets
Securities investments		 10
11		 13,766,296
2555,832		 11,307,833
2,826,982
16,322,128 14,134,815
CURRENT ASSETS
Stock
Debtors
Securities investments		 —cash balances 12
11		 17,716
397,224
45,907		 13,467
330,928
53,378
Cash and deposits '3,300,953
3,761,800		 3,103,663
3,501,436
CURRENT LIABILITIES
Amounts
falling due within one year		 13 1,190,384) 1,183,398
NET CURRENT ASSETS 2,571,416 2,318,038
TOTAL ASSETS LESSCURRENT LIABILITIES 18,893,544 16,452,853
LONG TERM LIABILITIES
Creditors payable after one year		 14 (668,140) (694,147)
NET ASSETS 18,225,404 15,758,706
REPRESENTED BY:
Unrestricted
funds
Restricted funds		 15,349,709
2,875,695		 'I5,061,600
697,106
16 18,225,404 15,758,706
2022 2021
Cash flows from operating activities
Net cash provided by operating activities 3.123,317 2,352,789
Cash flows from investing
activities
Dividends
and interest from investments		 60,582 56,263
Purchase ofproperty,
plant and		 equipment (2,896,513) (809,398)
Investment
management
fees		 20,788 19,940
Net cash provided (used in) investing activities (2,815,143) (733,195)
Cash flows from financing
activities
Repayments
ofborrowing		 (110,884) (123,005)
Net cash provided by (used in) financing activities (110,884) (123,005)
Change in cash and cash equivalents 19'7,290 1,496,589
Cash in hand at 01September 2021 3,103,663 1,607,074
Cash in hand at31August 2022 3,300,953 3,103,663
Reconciliation ofnet income to net cash flow from o erations
Net incoming
funds as per the Statement ofFinancial Activities		 2,724,531 1,377,002
Adjustments
for:
Depreciation
charges		 438,050 449,657
Dividends
and interest from investments		 (60,582) (56,263)
(Increase)/decrease
in stocks		 (4,249) 4,325
(Increase)/decrease
in debtors		 (66,296) 184,130
Increase/(decrease)
in creditors		 91,863 393,938
398,786 975,787
Net cash provided by operating activities 3,123,317 2,352,789
Anal
sis ofchan es in net debt
At 1Sep2021 Cash flows At 31Aug2022
Cash and cash equivalents
Cash 3,103,663 197,290 3,300,953
Borrowings
Debts due within one year (110,871) 84,877 (25,994)
Debts due after one year (694,147) 26,007 (668,140
Total 2,298,645 308,174 2,606,819
The notes form part ofthese financial statements

2. SCHOOL FEESRECEIVABLE 2. SCHOOL FEESRECEIVABLE 2022 2021
Fees receivable consist of:
School fees 10,359,177 9,729,565
Less:total scholarships, bur saries and concessions (771,152) (751,342)
9,588,025 8,978,223
3. ANCILLARY TRADING INCOME 2022 2021
Catering income 642,797 336,575
Out ofhours school care 12,753 19,042
Sundry income 43,221 30,457
698,771 386,074
4. NON ANCILLARY TRADING INCOME 2022 2021
6
Rents and lettings 65,537 3,561
5. INVESTMENT INCOME 2022 2021
6 E
Investments 60582 56263
Bank interest 1,925 306
62,507 56,569
6.VOLUNTARY INCOMING RESOURCES 2022 2021
6
Job Retention Scheme grant 157,492
Bequests and legacies 135,885 550,000
Grants drawn in respect ofnew Sports Hall 2,192,589 608,439
Planning
fees reimbursed		 24,664
Other income, donation and grants 3,260
Gifts in kind for the School's own use 1,992 9,210
2,333,726 1,349,805
7. ACTIVITIES TO GENERATE FUNDS 2022 2021
Fundrai sing proceeds
Sundry donations
raised		 3,395

8. ANALYSIS OF EXPE NDITURE
Staff costs Depreciation Other 2022
(note 9) (note 10)
E
(a) Total Expenditure
Cost ofgenerating
funds
Financing costs 39,536 39,536
Investment
management		 20,788 20,788
Total cost ofgenerating funds 60,324 60,324
Charitable
expenditure
Education and grant making
Teaching 6,180,186 76,736 724,470 6,981,392
Welfare 347,720 331,266 678,986
Premises repair and maintenance 517,138 68,249 638,623 1,224,010
Support costs and governance 480,542 293,065 305,716 1,079,323
Total charitable
expenditure		 7,525,586 438,050 2,000,075 9,963,711
Total expended 7,525,586 438,050 2,060,399 10,024,035
2021
Cost ofgenerating
funds
Financing costs 32,172 32,172
Investment
management		 16,440 16,440
Total cost ofgenerating funds 48,612 48,612
Charitable
expenditure
Ed.ucation and grant making
Teaching 6,011,011 86,186 489,365 6,586,562
Welfare 291,224 213,946 505,170
Premises repair and maintenance 542,367 70,406 571,089 1,183,862
Support costs and governance 419,706 293,065 363,648 1,076,419
Total charitable
expenditure		 7,264,308 449,657 1,638,048 9,352,013
Total expended 7,264,308 449,657 1,686,660 9,400,625
(b) Governance
included		 in support costs 2022 2021
E
Remuneration
paid to auditor for audit services		 13,530 12,162
Reimbursement
ofpersonal expenses to Governors
Other governance
costs		 14,091 12,434

9, STAFFCOSTS 2022 2021
E
The aggregate
payroll		 costs for the year were:
Wages and salaries 5,680,955 5,483,715
Benefits in kind 354,176 311,787
Social security costs 545,487 508,397
Other pension costs 942,689 926,071
Redundancy/termination payments 2,279 34,338
7,525,586 7,264,308
2022 2021
Aggregate
employee benefits ofkey management		 personnel 6767,341 6759,974
Number
ofhigher paid employees		 in bands of:
E60,001to F70,000
670,001to 680,000
F100,001to 6110,000
F120,001toE130,000
The average number ofthe School's employees during the year, was
Teaching staff 88 89
Administration 11 11
Support staff 112 115
211 215

10. TANGIBLE FIXEDAS SETS
Educational Assets in the
Non- books, course of
Freehold educational equipment construction
property equipment and furniture Totals
E 5 f. E
Cost or fmzen valuation
At 01September 2021 13,879,326 1,190,758 1,731,822 812,206 17,614,112
Additions 78,315 125,735 2,692,463 2,896,513
Disposals (21,915) (21,915)
At 31August 2022 13,879,326 1,247,158 1,857,557 3,504,669 20,488,710
Depreciation
At 01September 2021 4,339,390 885,412 1,081,477 6,306,279
Charge for the year 293,065 68,249 76,736 438,050
Eliminated
on disposal		 (21,915) {21,915)
At 31August 2022 4,632,455 931,746 1,158,213 6,722,414
Net Book Value
At 31August 2022 9,246,871 315,412 699,344 3,504,669 13,766,296
At 31August 2021 9,539,936 305,346 650,345 812,206 11,307,833

2022 2021
11.INVESTMENTS E
Market Value 1September 2021 2,880,360 2,502,441
New money invested
Reinvested
income
Amounts
extracted
Investment
management
fees		 (20,788) (19,940)
(Decrease)/Increase
in the value of investments		 (257,833) 397,859
Market Value 31August 2022 2,601,739 2,880,360
Investments
held in the portfolio are as follows:
Stocks and shares 2,555,832 2,826,982
Cash 45,907 53,378
2,601,739 2,880,360

12. DEBTORS:A MOUNTS FAI.LING DUE WITHIN ONE YEAR
2022 2021
Fees and extras 255,492 174,291
Other debtors 2,786 5,957
Other prepayments and accrued income 138,946 150,680
397,224 330,928
13.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
Bank loans (note 15) 25,995 110,871
Trade creditors 603,079 750,314
Other creditors 561,299 322,202
Accruals and deferred income 11 11
1,190,384 1,183,398

14.CREDITORS: AM OUN TS FALLING DUE AFTER ONE YEAR
2022 2021
6
Bank loans (note 15) 668,140 694,147
15.BANK LOANS
Loans repayable,
included		 within creditors, are analysed as follows: 2021
Bank loans repayable within one year 25,995 110,871
Bank loans repayable between one to two years 27,003 36„402
Bank loans repayable between two to five years 87,454 117,316
Bank loans repayable after more than five years 553,683 540,429
694,135 805,018
16. MOVEMENT IN FUNDS At Net At
01September movement 31August
2021 in funds 2022
Unrestricted
funds
General fund 15,061,600 288,109 15,349,709
Restricted funds
General 697,106 2,178,589 2,875,695
TOTALFUNDS 15,758,706 2,466,698 18,225,404
Net movemen t
in funds, include		 d
in the above are:
Net
Incoming Resources Gains and movement
resources expended losses in funds
E E f
Unrestricted funds
General fund 10,555,977 (10,010,035) (257,833) 288,109
Restricted funds
General 2,192,589 14,000) 2,178,589
TOTAL FUNDS 12,748,566 (10,024,035 (257,833 2,466,698

Restricted Unrestricted 2022
Tangible fixed assets 2,875,695 10,890,601 13,766,296
Securities investments 2,555,832 2,555,832
Net current assets 2,571,416 2,571,416
Long tenn liabilities (668,140) (668,140)
2,875,695 15,349,709 18,225,404
Restricted Unrestricted 2021
Tangible fixed assets 697,106 10,610,727 11,307,833
Securities investments 2,826,982 2,826,982
Net current assets 2,318,038 2,318,038
Long term liabilities (694,147) (694,147
697,106 15,061,600 15,758,706

2022 2021
Contracted but not provided in the financial statements 346,466 2,918,330

20. OPERATING LEASE COMM ITMENTS
2022 2021
6
Future minimum lease payments due at the end ofthe period were
Within one year 19,987
Between I and 5 years 14,051 60,262
34,038 60,262

Unrestricted Restricted 2021
funds funds
6 E E
Income and endowments from:
Charitable
activities
School fees receivable 8,978,223 8,978,223
Ancillary
trading income		 386,074 386,074
Other trading activities
Non-ancigary
trading		 income 3,561 3,561
Investments 56,569 56,569
Voluntary
incoming sources		 741,366 608,439 1,349,805
Activities to generate funds 3,395 3,395
Total incoming resources 10,169,188 608,439 10,777,627
Expenditure
on:
Raising funds
Financing costs 32,172 32.172
Investment
management		 16,440 16,440
Total deductible
costs		 48,612 48,612
Charitable
activities
Education and grant making 9,338,013 14,000 9,352,013
Total expenditure 9,386,625 14,000 9,400,625
Net incoming funds from operation: 782,563 594,439 1,377,002
before transfers and investment gains
Gains on investments 397,859 397,859
Net movement
in funds forthe		 year 1,180,422 594,439 1,774,861
Fund balances brought forward at 13,881,178 102,667 13,983,845
1September 2020
Fund balances carried forward at
31August 2021 15,061,600 697,106 15,758,706