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|||Page||
|---|---|---|---|
|Report ofthe trustees|1|to|8|
|Report ofthe independent<br>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|





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|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<br>Academy||4 offers|
|Palmer Catholic Academy||1 offer|





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|||||||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|





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|||The|Ursuline Preparatory<br>School Ilford|||
|---|---|---|---|---|---|
||||Statement ofFinancial Position|||
||||31stAugust 2022|||
|||||2022|2021|
|||||Unrestricted|Total|
||||Notes|fund<br>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<br>School|Ilford||
|---|---|---|---|---|
|||Statement ofCash Flows|||
||for the Year Ended 31stAugust 2022||||
||||2022|2021|
|||Notes|||
|Cash flows from operating|activities||||
|Cash generated<br>&om operations<br>Interest paid<br>Pension deficit funding||1|(75,165)<br>(420)<br>~9,900|(71,492)<br>~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<br>activities||||50,000|
|Change in cash and cash equivalents|||||
|in the reporting<br>period<br>Cash and cash equivalents|at the||(89,023)|(31,132)|
|beginning<br>ofthe reporting|period||448,911|480,043|
|Cash and cash equivalents|at the end||||
|ofthe reporting<br>period|||359,888|448,911|





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|Notes t<br>for the|o the Statement ofCash Flows<br> Year Ended 31stAugust 2022|||
|---|---|---|---|
|Reconcfiiation<br>ofnet expenditure|to net cash flow from operating|activities||
|||2022|2021|
|Net expenditure<br>for the reporting|period (as per the Statement|||
|offinancial activities)<br>Adjustments<br>for:||(141,090)|(97,795)|
|Depreciation<br>charges||18,209|20,456|
|Interest paid||420||
|Interest on pension deficit||1,798|1,032|
|Further provision<br>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|





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|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<br>and legacies||||
||||2022|2021|
||Bursaries||~13689|20,968|





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|||||||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<br>—owned assets|||||18,209|20,457|
||Other operating||leases|||8,103|5,765|



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|||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|





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||f60,001 - f70,000|||2022|2021<br>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<br>falling due within one year|||||
|||||2022|2021|
||Fees receivable|||16,552|11,146|





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||<br>for the Year Ended 31stAugust 2022<br>|||
|---|---|---|---|
|13.|Creditors: amounts<br>falling due within one year|||
|||2022|2021|
||Bank loans and overdrails<br>(see note 15)<br>Fees in advance|10,980<br>95,181|6,311<br>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<br>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<br>falling due within one year on demand:|||
||Bank loans|10,980|6,311|
||Amounts<br>falling between one and two years:|||
||Bank loans - 1-2years|9,911|9,666|
||Amounts<br>falling due between two and five years:|||
||Bank loans - 2-5 years|23,359|30,491|
||Amounts<br>falling due in more than five years:|||
||Repayable<br>by instalments:|||
||Bank loans more 5yr by instal||3,531|





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|||||||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<br>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|





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|||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|





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||||31 August|31 August|31August|31August|31Augusta|
|---|---|---|---|---|---|---|---|
|Present value ofprovision|||2022(fs)<br>2021(fs)<br>123,751<br>83,141||||2020(fs)<br>91,749|
|RECONCILIATION<br>OF OPENING AND CLOSING PROVISIONS||||||||
||||||||Period|
||||||||Ending31|
||||||Period Ending31||August|
|Provision at start ofperiod<br>Unwinding<br>ofthe discount factor (interest expense)|||||August 2022(fs)<br>83,141<br>858||2021(fs)<br>91,749<br>784|
|Deficit contribution<br>paid<br>Remeasurements<br>-impact ofany change in assumptions<br>Remeasurements<br>-amendments<br>to the contribution<br>schedule||||||(8,960)<br>(20,543)<br>69,255|(8,699)<br>(693)|
|Provision<br>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<br>—impact ofany change in assumptions<br>Remeasurements<br>-amendments<br>to the contribution<br>schedule||||||(20,5423)<br>69,255|(693)|
|Contributions<br>paid in respect offuture service*||||||||
|*includes<br>defined<br>contribution|schemes|and future|service|contributions||(i.e. excluding<br>any deficit||
|reduction payments)<br>to defined|benefit schemes which are treated as defined contribution<br>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|



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





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





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





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