2022-08-31-accounts

		Page
Report ofthe trustees	1	to	8
Report ofthe independent auditors	9	to	12
Statement offinancia activities		13
Statement offinancial position		14
Statement ofcash flows		15
Notes to the statement ofcash flows		16
Notes to the financial statements	17	to	27
Detailed statement offinancial activities	28	to	30

Ilford County High School	Ilford County High School	2 offers
Wilson Grammar	School	1offer
Sutton Grammar	School	1 offer
Queen Elizabeth's		1 offer
Westcliff High School forBoys		1 offer
Other Schools-
Valentine		2 offers
Oaks Park		2 offers
Beal		I offer
Forest Academy		1 offer
Ursuline Academy		4 offers
Palmer Catholic Academy		1 offer

						2022	2021
						Unrestricted	Total
						fund	funds
					Notes
Income and		endowments		from
Donations	and legacies						1,000
Other trading		activities				1,122,875	1,194,609
Investment	income					145	475
Other income						10,368	24,808
Total						1,133,388	1,220,892
Expenditure		on
Raising funds						13,689	20,968
Charitable	activities
School						1,212,077	1,297,719
Other						48,712
Total						1,274,478	1,318,687
NET INCOME/(EXPENDITURE)						(141,090)	(97,795)
Reconciliation		offunds
Total funds	brought		forward			1,616,151	1,713,946
Total funds	carried		forward			1,475,061	1,616,151

		The	Ursuline Preparatory School Ilford
			Statement ofFinancial Position
			31stAugust 2022
				2022	2021
				Unrestricted	Total
			Notes	fund f	fundsf
Fixed assets
Tangible	assets			1,491,642	1,506,313
Current	assets
Debtors			12	16,552	11,146
Cash at bank		and in hand		359,888	448,911
				376,440	460,057
Creditors
Amounts	falling due within one year		13	(200,425)	(189,465)
Net current		assets		176,015	27D 592
Total assets		less current liabilities		1,667,657	1,776,905
Creditors
Amounts	falling due after more than		one
year			14	(68,845)	(77,613)
Provisions for habiTities			17	(123,751)	(83,141)
NET ASSETS				1.475061	1 616 151
Funds			18
Unrestricted		funds		1.475,D61	1,616151
Total funds				1 475 D61	1,616 151

	The Ur	suline Preparatory School	Ilford
		Statement ofCash Flows
	for the Year Ended 31stAugust 2022
			2022	2021
		Notes
Cash flows from operating	activities
Cash generated &om operations Interest paid Pension deficit funding		1	(75,165) (420) ~9,900	(71,492) ~9,640
Net cash used in operating	activities		~85,485)	~81,132)
Cash flows from investing	activities
Purchase oftangible fixed assets			~(3,538
Net cash (used in)/provided	by investing	activities	(3,538)
Cash flows from financing	activities
New loans in year				50,000
Net cash provided by financing activities				50,000
Change in cash and cash equivalents
in the reporting period Cash and cash equivalents	at the		(89,023)	(31,132)
beginning ofthe reporting	period		448,911	480,043
Cash and cash equivalents	at the end
ofthe reporting period			359,888	448,911

Notes t for the	o the Statement ofCash Flows Year Ended 31stAugust 2022
Reconcfiiation ofnet expenditure	to net cash flow from operating	activities
		2022	2021
Net expenditure for the reporting	period (as per the Statement
offinancial activities) Adjustments for:		(141,090)	(97,795)
Depreciation charges		18,209	20,456
Interest paid		420
Interest on pension deficit		1,798	1,032
Further provision on pension deficit		48,712
Increase in debtors		(5,406)	(2,672)
Increase in creditors		2,192	7,487
Net cash used in operations		~75,165)	~71,492)

		At I/9/21	Cash flow	At 31/8/22
Net cash
Cash at bank and in hand		448,911	~89,023	359888
		448,911	~89,023	359,888
Debt
Debts falling due within	I year	(6,311)	(4,669)	(10,980)
Debts falling due afier I	year	~43,688	10,418	~33,270
		49,999	5,749	44,250
Total		398,912	83,274	315,638

2.	Donations	and legacies
			2022	2021
	Donations			1,000
3.	Other trading activities
			2022	2021
	Preparatory	School fees	1,024,777	1,028,715
	Nursery fees		82,270	161,761
	Lettings		1,980	2,703
	Visits income		6,825	1,430
	Club income		7,023
			1,122,875	1,194,609
4.	Investment	income
			2022	2021
	UKBank interest receivable		145	475
5.	Raising funds
	Raising donations and legacies
			2022	2021
	Bursaries		~13689	20,968

						Support
					Direct	costs (see
					Costs	note 7)	Totals
						g
	School				893,499	318,578	1,212,077
7.	Support	costs
						Governance
					Other	costs	Totals
	School				297,158	21,420	318,578
8.	Net income/(expenditure)
	Net income/(expenditure)			is stated after charging/(crediting):
						2022	2021
	Auditors'	remuneration				6,000	5,793
	Other non-audit		services			3,600	4,300
	Depreciation —owned assets					18,209	20,457
	Other operating		leases			8,103	5,765

		2022	2021
Wages	and salaries	664,158	743,549
Social	security costs	57,866	67,211
Other	pension costs	92,997	123,449
		815,021	934,209

2022	2021
25	29

	f60,001 - f70,000			2022	2021 1
11.	Tangible fixed assets
			Improvements	Fixtures
		Freehold	to	and
		property	properly	fittings	Totals
	Cost
	At 1st September 2021	1,163,455	451,403	56,843	1,671,701
	Additions		3,538		3,538
	At 31stAugust 2022	1,163,455	454,941	56,843	1,675,239
	Depreciation
	At 1st September 2021	60,321	51,636	53,431	165,388
	Charge foryear	6,177	9,074	2,938	18209
	At 31stAugust 2022	66,498	60,710	56,389	183,597
	Net book value
	At 31stAugust 2022	1,096,957	394,231	434	1,491,642
	At 31stAugust 2021	1,103,134	399,767	3,412	1,506,313
12.	Debtors: amounts falling due within one year
				2022	2021
	Fees receivable			16,552	11,146

	for the Year Ended 31stAugust 2022
13.	Creditors: amounts falling due within one year
		2022	2021
	Bank loans and overdrails (see note 15) Fees in advance	10,980 95,181	6,311 104,494
	Trade creditors	3,649	3,049
	Deposits received from parents	6,950	5,800
	Social security and other taxes	13,009	18,374
	Other creditors	48,869	21,429
	Pension control	8,373	14,154
	Accrued expenses	13,414	15,854
		200,425	189,465
14.	Creditors: amounts falling due after more than one year
		2022	2021
			g
	Bank loans (see note 15)	33,270	43,688
	Deposits received from parents	35,575	33,925
		68,845	77,613
15.	Loans
	An analysis ofthe maturity ofloans is given below:
		2022	2021
	Amounts falling due within one year on demand:
	Bank loans	10,980	6,311
	Amounts falling between one and two years:
	Bank loans - 1-2years	9,911	9,666
	Amounts falling due between two and five years:
	Bank loans - 2-5 years	23,359	30,491
	Amounts falling due in more than five years:
	Repayable by instalments:
	Bank loans more 5yr by instal		3,531

						2022	2021
	Between one	and five years				3,854	3,812
17.	Provisions for liabilities
						2022	2021
	Provision for	pension deficit				123,751	83,141
18.	Movement in funds
						Net
						movement	At
					At 1/9/21	in funds	31/8/22
	Unrestricted	funds
	General fund				1,616,151	(141,090)	1,475,061
	TOTAL FUNDS				1,616,151	~)43.090)	1,475,061
	Net movement	in funds, included		in the above	are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
	Unrestricted	funds
	General fund				1,133,388	(1,274,478)	(141,090)
	TOTAL FUNDS				1,133,388	11,274,475)	~141,090)
	Comparatives	for movement	in	funds
						Net
						movement	At
					At I/9/20	in funds	31/8/21
	Unrestricted	funds
	General fund				1,713,946	(97,795)	1,616,151
	TOTAL FUNDS				1,713,946	~97795)	1,616,151

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		1,220,892	(1,318,687)	(97,795)
TOTAL FUNDS		1,220,892	~) 318,687)	~97,795)

			Net
			movement	At
		At I/9/20	in funds	31/8/22
Unrestricted	funds
General fund		1,713,946	(238,885)	1,475,061
TOTAL FUNDS		1,713,946	~238,885)	1,475,061

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		2,354,280	(2,593,165)	(238,885)
TOTAL FUNDS		2,354,280	~2,593,365)	~238,885

			31 August	31 August	31August	31August	31Augusta
Present value ofprovision			2022(fs) 2021(fs) 123,751 83,141				2020(fs) 91,749
RECONCILIATION OF OPENING AND CLOSING PROVISIONS
							Period
							Ending31
					Period Ending31		August
Provision at start ofperiod Unwinding ofthe discount factor (interest expense)					August 2022(fs) 83,141 858		2021(fs) 91,749 784
Deficit contribution paid Remeasurements -impact ofany change in assumptions Remeasurements -amendments to the contribution schedule						(8,960) (20,543) 69,255	(8,699) (693)
Provision at end ofperiod						123,751	83,141
INCOME AND EXPENDITURE IMPACT
							Period
							Ending31
					Period Ending31		August
					August 2022(Ks)		2021(fs)
Interest expense						858	784
Remeasurements —impact ofany change in assumptions Remeasurements -amendments to the contribution schedule						(20,5423) 69,255	(693)
Contributions paid in respect offuture service*
*includes defined contribution	schemes	and future	service	contributions		(i.e. excluding any deficit
reduction payments) to defined	benefit schemes which are treated as defined contribution schemes. T
be completed by the company.
ASSUMPTIONS
			31 August		31	August	31August
		2022%per			2021%per		2020(%per
Rate ofdiscount				4.31		1.09	0.90

Year	ending	31August 2022(gs)	31August 2021(ks)	31 August 2020(fs)
Year Year Year Year Year Year Year Year Year Year Year	1 2 3 4 5 6 7 8 9 10 11	13,555 13,961 14,380 14,812 15,256 15,714 16,815 16,671 17,171 14,738	8,960 9,229 9,506 9,791 10,085 10,387 10,699 11,020 7,567	8,699 8,960 9,229 9,506 9,791 10,085 10,387 10,699 11,020 7,567
Year	12
Year	13
Year	14
Year	15
Year	16
Year	17
Year	18
Year	19
Year	20

	The Ursuline Preparatory School Ilford
	Detailed Statement ofFinancial Activities
	for the Year Ended 31stAugust 2022
		2022	2021
Income and endowments
Donations and legacies
Donations			1,000
Other trading activities
Preparatory School fees Nursery fees		1,024,777 82,270	1,028,715 161,761
Lettings Visits income Club income		1,980 6,825 7,023	2,703 1,430
		1,122,875	1,194,609
Investment income
UK Bank interest receivable		145	475
Other income
Other income		8,018	23,883
Registration and late payment	fees	2 350	925
		10,368	24,808
Total incoming resources		1,133,388	1,220,892
Expenditure
Raising donations and legacies
Bursaries		13,689	20,968
Charitable activities
Wages Social security Pensions Rent Rates and water		475,044 40,966 76,410 8,103 8,551	613,152 54,968 103,585 5,765 17,238
Insurance Light and heat Cleaning		4,477 26,023 30,321	4,118 18,307 29,481
Property maintenance Ground maintenance Sundries Carried forward		32,783 1,326 704,004	32,584 (1,373) 1,556 879,381

for the Year Ended 31	stAugust 2022
	2022	2021
Charitable activities
Brought forward Staffagency costs Staffabsence insurance Holiday club Academic materials Assessments Other teaching costs Trips Courses and conferences ICTNetwork	704,004 85,491 7,396 2,190 6,317 1,173 5 7,294 9,164 6,817	879,381 69,436 7,575 1,690 7,434 1,157 5,179 (164) 8,583 12,251
Swimming Prizes and presentations	2,392 582	495 284
Catering costs Insurance Depn offreehold property Depn ofimprovements to property Depn offixtures &fittings Loan	38,440 1,807 6,177 9,074 2,958 420	34,499 2,357 6,177 9,028 5,251
Interest on pension scheme liabilities	1,798	1,032
	893,499	1,051,645
Other
Exceptional items	48,712
Support costs
Other
Wages Social security Pensions Telephone and IT Postage and stationery Publicity and promotion Recruitment costs	189,114 16,900 16,587 1,637 8,540 14,365 5,401	130,397 12,243 19,864 1,441 4,756 17,808 127
Legal and professional Travel and subsistence	30,824 485	23,266 159
Subscriptions Bad debts Bank charges and interest	3,940 5,282 1,533	7,948 2,476 2,142
Sundry expenses	2,550	2,138
	297,158	224,765

		2022	2021
Other
Governance costs
Auditors' remuneration Auditors' remuneration Accountancy fees Trustees' insurance	for non audit work	6,000 3,600 2,067 9,753	5,793 4,300 2,100 9,116
		21,420	21,309
Total resources expended		1,274,478	1,318,687
Net expenditure		()41.090)	~97,799)