| Governors | Mr Miroslaw Gliniecki, Bishop's |
Mr Miroslaw Gliniecki, Bishop's |
Mr Miroslaw Gliniecki, Bishop's |
Mr Miroslaw Gliniecki, Bishop's |
Representative | &Chair ofGovernors | |||
|---|---|---|---|---|---|---|---|---|---|
| Mr Mark Chatteiton, | Vice Chair | ||||||||
| Rev Patrick Sherlock SDB,Rector | |||||||||
| Rev Marco Villani | SDB | ||||||||
| Rev Peter Brealey SDB | |||||||||
| Mr Paul Turrell | |||||||||
| Mr Clayton Almeida | |||||||||
| Mr Anthony Gribbon |
|||||||||
| Mrs Anne Nash | |||||||||
| Mrs Tracy Jones | |||||||||
| Mr Gerard Owens, Headmaster | |||||||||
| Mr Paul Dalgas, Teacher Governor | |||||||||
| Mr Michael Clare | (resigned | 11 | October 2022) | ||||||
| Mr Steven Rowe (resigned | 11 | October 2022) | |||||||
| Mr Matthew Bunyan |
(appointed | 12October 2022) | |||||||
| Dr Toby Sucharov | (appointed | 12October 2022) | |||||||
| Company | registered | ||||||||
| number | 06753037 | ||||||||
| Charity registered | |||||||||
| number | 1130166 | ||||||||
| Registered | office | 119Reading Road | |||||||
| Farnborough | |||||||||
| Hampshire | |||||||||
| GU14 6PA | |||||||||
| Company | secretary | Mr John Morgan | |||||||
| Independent | auditors | Wellden Turnbull |
Limited | ||||||
| Chartered Accountants |
|||||||||
| Statutory Auditors | |||||||||
| Albany House | |||||||||
| Claremont Lane |
|||||||||
| Esher | |||||||||
| Surrey | |||||||||
| KT109FQ | |||||||||
| Bankers | Santander UK PLC |
||||||||
| 2 Triton Square | |||||||||
| Regent's Place | |||||||||
| London | |||||||||
| NW1 3AN | |||||||||
| Lloyds Bank PLC | |||||||||
| 25 Gresham Street |
|||||||||
| London | |||||||||
| EC2V 7HN |
| Restricted | Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Note | 2023f | 2023f | 2023f | 2022f | |||
| Income from: | |||||||
| Other income | 6,171 | 156,292 | 162,463 | 236,509 | |||
| School fees and other charges | 9,476,765 | 9,476,765 | 8,747,668 | ||||
| Investment income |
and interest | ||||||
| receivable | 211,028 | 211,028 | 48,810 | ||||
| Total income | 6,171 | 9,844,085 | 9,850,256 | 9,032,987 | |||
| Expenditure on: |
|||||||
| Investment management |
costs | 6,599 | 6,599 | 7,046 | |||
| Charitable activities |
8,501 | 8,822,517 | 8,831,018 | 8,091,092 | |||
| Total expenditure | 8,501 | 8,829,116 | 8,837,617 | 8,098,138 | |||
| Net (expenditure)/income | before net | ||||||
| losses on investments | (2,330) | 1,014,969 | 1,012,639 | 934,849 | |||
| Net losses on investments | (50,463) | (50,463) | (81,872) | ||||
| Net (expenditure)/income | (2,330) | 964,506 | 962,176 | 852,977 | |||
| Transfers between |
funds | (750) | |||||
| Net movement in |
funds | (2,330) | 964,506 | 962,176 | 852,227 | ||
| Reconciliation of |
funds: | ||||||
| Total funds brought | forward | 33,759 | 7,927,867 | 7,961,626 | 7,109,399 | ||
| Net movement in funds |
(2,330) | 964,506 | 962,176 | 852,227 | |||
| Total funds carried forward | 31,429 | 8,892,373 | 8,923,802 | 7,961,626 |
| STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | |||||
|---|---|---|---|---|---|---|---|
| FOR | THE YEAR ENDED 31AUGUST 2023 | ||||||
| 2023 | 2022 | ||||||
| 8 | |||||||
| Cash flows from operating | activities | ||||||
| Net cash used in operating | activities | 1,259,264 | 1,436,015 | ||||
| Cash flows from investing | activities | ||||||
| Interest received | 178,031 | 20,346 | |||||
| Proceeds from the sale oftangible | fixed | assets | 1,000 | ||||
| Purchase oftangible fixed assets | (422,081) | (177,650) | |||||
| Purchase of investments | 32,997 | 28,464 | |||||
| Net cash used in investing | activities | (211,053) | (127,840) | ||||
| Cash flows from financing | activities | ||||||
| Bank loan repayments | (252,585) | ||||||
| Interest paid | (3,597) | ||||||
| Receipt of restricted funds |
(750) | ||||||
| Net cash provided by/(used |
in) | financing | activities | (256,932) | |||
| Change in cash and cash |
equivalents | in | the year | 1,048,211 | 1,051,243 | ||
| Cash and cash equivalents | at the | beginning | ofthe year | 3,262,156 | 2,210,913 | ||
| Cash and cash equivalents | at the end of | the year | 4,310,367 | 3,262,156 | |||
| The notes on pages 21 to 38 | form | part ofthese financial statements |
| Other income | |||
|---|---|---|---|
| 2023 E |
2022f | ||
| Miscellaneous | income | 152,926 | 137,594 |
| Insurance claims |
3,366 | 88,740 | |
| PTA donations | 6,171 | 10,175 | |
| 162,463 | 236,509 |
| Restricted | Unrestricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023 | 2023 | 2023 | ||
| 6 | E | |||
| Staff costs - teaching | 4,065,592 | 4,065,592 | ||
| Staff costs - administration | 570,399 | 570,399 | ||
| Staff costs —technical and manual | 359,371 | 359,371 | ||
| Other direct costs | 6,171 | 394,920 | 401,091 | |
| Depreciation | 300,794 | 300,794 | ||
| Catering, coaches, examination | and trip expenditure | 2,330 | 1,584,303 | 1,586,633 |
| Establishment and utilities |
1,327,741 | 1,327,741 | ||
| School administration | 202,483 | 202,483 | ||
| Insurance claim expenditure |
1,614 | 1,614 | ||
| Auditors remuneration |
15,300 | 15,300 | ||
| 8,501 | 8,822,517 | 8,831,018 | ||
| Restricted | Unrestdcted | Total | ||
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| F | F | 6 | ||
| Staff costs - teaching | 3,820,670 | 3,820,670 | ||
| Staff costs - administration | 531,854 | 531,854 | ||
| Staffcosts - technical and manual | 421,808 | 421,808 | ||
| Other direct costs | 911 | 407,638 | 408,549 | |
| Depreciation | 9,264 | 283,410 | 292,674 | |
| Catering, coaches, examination | and tdp expenditure | 1,273,135 | 1,273,135 | |
| Establishment and utilities |
1,146,233 | 1,146,233 | ||
| Insurance claim expenditure |
91,084 | 91,084 | ||
| School administration | 88,324 | 88,324 | ||
| Interest payable | 3,597 | 3,597 | ||
| Auditors remuneration |
13,164 | 13,164 | ||
| 10,175 | 8,080,917 | 8,091,092 |
| Unrestdicted | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2023 | 2023 | ||||
| F | E | ||||
| Income from listed investments | 32,997 | 32,997 | |||
| Bank interest receivable | 178,031 | 178,031 | |||
| 211,028 | 211,028 | ||||
| Unrestricted | Total | ||||
| funds | funds | ||||
| 2022 6 |
2022f | ||||
| Income from listed investments | 28,464 | 28,464 | |||
| Bank interest receivable | 20,346 | 20,346 | |||
| 48,810 | 48,810 | ||||
| Auditors' | remuneration | ||||
| 2023 | 2022 | ||||
| F | |||||
| Fees payable to the Company's | auditor for the audit ofthe Company's | ||||
| annual | financial statements | 15,300 | 13,164 |
| Staffcosts | |||||
|---|---|---|---|---|---|
| 2023 F |
2022f | ||||
| Wages and | salaries | 3,851,239 | 3,681,501 | ||
| Social security costs | 392,765 | 385,305 | |||
| Contribution | to defined | contdibution | pension schemes | 751,356 | 707,524 |
| Recruitment | expenses | 11,739 | 18,103 | ||
| 5,007,099 | 4,792,433 |
| The average | number ofpersons employed by the C |
haritable Company during the year was as f |
ollows: |
|---|---|---|---|
| 2023 | 2022 | ||
| No. | No. | ||
| Teachers | 66 | 66 | |
| Technical8 | manual | 11 | 14 |
| Teaching support | 6 | 5 | |
| Administration | 17 | 16 | |
| 100 | 101 |
| 2023 | 2022 |
|---|---|
| No. | No. |
| 2023 No. |
2022 No. |
||
|---|---|---|---|
| In the band 660,001 - E70,000 | |||
| In the band F70,001 - F80,000 | |||
| In the band F80,001 -f90,000 | |||
| In the band 690,001 - E100,000 | |||
| In the band 6100,001 - E110,000 | |||
| In the band 6110,001 - 6120,000 | |||
| Key management personnel |
|||
| 2023 | 2022 | ||
| E | F | ||
| Total remuneration paid to key management |
personnel | 503,143 | 468,386 |
| Long-term | ||||
|---|---|---|---|---|
| leasehold | Plant and | Motor | ||
| property | machinery | vehicles | Total | |
| F | 6 | 6 | 6 | |
| Cost or valuation | ||||
| At 1 September 2022 | 5,888,437 | 2,391,886 | 131,313 | 8,411,636 |
| Additions | 422,081 | 422,081 | ||
| At 31August 2023 | 5,888,437 | 2,813,967 | 131,313 | 8,833,717 |
| Depreciation | ||||
| At 1 September 2022 | 1,520,755 | 2,011,985 | 131,313 | 3,664,053 |
| Charge for the year | 186,987 | 113,807 | 300,794 | |
| At 31August 2023 | 1,707,742 | 2,125,792 | 131,313 | 3,964,847 |
| Net book value | ||||
| At 31August 2023 | 4,180,695 | 688,175 | 4,868,870 | |
| At 31August 2022 | 4,367,682 | 379,901 | 4,747,583 |
| Listed | |
|---|---|
| investmentsf | |
| Cost or valuation | |
| At 1 September 2022 | 941,990 |
| Additions | 124,406 |
| Disposals | (117,985) |
| Loss on revaluation | (30,485) |
| At 31August 2023 | 917,925 |
| Net book value | |
| At 31August 2023 | 917,925 |
| At 31August 2022 | 941,990 |
| Debtors | |||
|---|---|---|---|
| 2023 | 2022 | ||
| 5 | |||
| Due within one year | |||
| Other debtors | 32,507 | 748 | |
| Prepayments | and accrued income | 369,512 | 300,660 |
| 402,019 | 301,408 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| E | F | |||||
| Trade creditors | 451,429 | 125,282 | ||||
| Other creditors | 152,099 | 213,397 | ||||
| Other taxation | and social security | 100,847 | 103,412 | |||
| Pension fund loan payable | 91,752 | 86,443 | ||||
| Accruals and deferred | income | 45,520 | 47,440 | |||
| Deposits and school fees received | in advance | 332,766 | 340,491 | |||
| Net obligations | under | finance lease | and hire purchase | contracts | 33,470 | 21,592 |
| 1,207,883 | 938,057 |
| 2023f | 2022 E |
||||
|---|---|---|---|---|---|
| Deposits and | school fees received | in advance | 299,571 | 299,571 | |
| Net obligations | under finance lease | and hire purchase | contracts | 67,926 | 53,883 |
| 367,497 | 353,454 |
| Financial | instruments | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| 6 | |||||
| Financial | assets | ||||
| Financial | assets measured | at fair value through | income and expenditure | 4,310,367 | 3,262,156 |
| Financial | assets measured | at fair value which are equity to the issuer | 917,927 | 941,990 | |
| Financial | assets measured | at amortised cost | 32,507 | 748 | |
| 5,260,801 | 4,204,894 | ||||
| 2023 | 2022 | ||||
| 6 | |||||
| Financial | liabilities | ||||
| Financial | liabilities measured | at amortised cost | (598,346) | (248,197) |
| Summary offun |
ds - current yea | r | ||||
|---|---|---|---|---|---|---|
| Balance at 1 | Balance at | |||||
| September 2022 6 |
Incomef | Expenditure F |
Transfers in/out 6 |
Gains/ (Losses) 6 |
31August 2023 8 |
|
| Designated funds |
875,000 | 25,000 | 900,000 | |||
| General funds | 7,052,867 | 9,844,085 | (8,829,116) | (25,000) | (50,463) | 7,992,373 |
| Restricted funds | 33,759 | 6,171 | (8,501) | 31,429 | ||
| 7,961,626 | 9,850,256 | (8,837,617) | (50,463) | 8,923,802 |
| Summary offun | ds - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | Balance at | |||||
| 1 September | Transfers | Gains/ | 31 August | |||
| 2021 | Income | Expenditure | in/out | (Losses) | 2022 | |
| E | E | 8 | 8 | |||
| Designated | ||||||
| funds | 850,000 | 25,000 | 875,000 | |||
| General funds | 6,224,890 | 9,022,812 | (8,087,963) | (25,000) | (81,872) | 7,052,867 |
| Restdicted funds | 34,509 | 10,175 | (10,175) | (750) | 33,759 | |
| 7,109,399 | 9,032,987 | (8,098,138) | (750) | (81,872) | 7,961,626 |
| Analysis ofnet assets between funds -current year | |||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| 6 | 6 | 6 | |
| Tangible fixed assets | 4,868,871 | 4,868,871 | |
| Fixed asset investments | 917,925 | 917,925 | |
| Current assets | 31,429 | 4,680,957 | 4,712,386 |
| Creditors due within one year | (1,207,883) | (1,207,883) | |
| Creditors due in more than one year | (367,497) | (367,497) | |
| Total | 31,429 | 8,892,373 | 8,923,802 |
| Analysis ofnet assets between funds -prior year | |||
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| 5 | F | 6 | |
| Tangible fixed assets | 4,747,583 | 4,747,583 | |
| Fixed asset investments | 941,990 | 941,990 | |
| Current assets | 33,759 | 3,529,805 | 3,563,564 |
| Creditors due within one year | (938,057) | (938,057) | |
| Creditors due in more than one year | (353,454) | (353,454) | |
| 33,759 | 7,927,867 | 7,961,626 |
| 2023 6 |
2022f | |||
|---|---|---|---|---|
| Net income for the year (as per Statement of Financial Activities) | 962,176 | 852,977 | ||
| Adjustments for: |
||||
| Depreciation charges |
300,794 | 292,674 | ||
| Gains on investments | 24,066 | 60,454 | ||
| Dividends, interests |
and rents from | investments | (32,997) | (28,464) |
| Sale offixed assets | 31 | |||
| Decrease/(increase) | in debtors | (100,611) | 65,932 | |
| Increase in creditors |
283,867 | 209,160 | ||
| Interest income | (178,031) | (20,346) | ||
| Interest expense | 3,597 | |||
| Net cash provided | by operating | activities | 1,259,264 | 1,436,015 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| F | F | ||||||
| Cash | at | bank | and | in | hand | 4,310,367 | 3,262,156 |
| At 1 | ||||||
|---|---|---|---|---|---|---|
| September | New finance | At 31August | ||||
| 2022 | Cash flows 6 |
leases f |
2023 8 |
|||
| Cash at bank and | in hand | 3,262,156 | 1,048,211 | 4,310,367 | ||
| Debt due within | 1 | year | (86,443) | (5,309) | (91,752) | |
| Finance leases | (75,475) | (25,922) | (101,397) |
| At 31 Augu cancellable |
st 2023 the Company had commitments to make operating leases as follows: |
future minimum lease payments |
under non- |
|---|---|---|---|
| 2023f | 2022 | ||
| Not later than 1 year |
406,301 | 393,167 | |
| Later than | 1 year and not later than 5years | 1,471,587 | 1,464,962 |
| Laterthan | 5years | 7,007,343 | 7,431,026 |
| 8,885,231 | 9,289,155 |