2023-08-31-accounts

	Page
Report ofthe trustees	1 to	9
Report ofthe independent auditors	10 to	13
Statement offinancial activities	14
Statement offinancial position	15
Statement ofcash flows	16
Notes to the statement ofcash flows	17
Notes to the financial statements	18 to	28

				2023	2022
				Unrestricted	Total
				fund	funds
			Notes	f.
Income and	endowments	from
Donations and legacies				(3)
Other trading activities				1,194,339	1,122,875
Investment	income			2,472	145
Other income				11,034	10,368
Total				1,207,842	1,133,388
Expenditure	on
Raising funds				3,668	13,689
Charitable	activities
School				1,133,118	1,212,077
Other				~6787	48,712
Total				1,136,108	1,274,478
NET INCOME/(EXPENDITURE)				71,734	(141,090)
Reconciliation offunds
Total funds	brought forward			1,475,061	1,616,151
Total funds	carried forward			1,546,795	1,475,661

		The	Ursuline Preparatory School Ilford
			Statement ofFinancial Position
			31stAugust 2023
				2023	2022
				Unrestricted	Total
				fund	funds
			Notes
Fixed assets
Tangible	assets			1,475,9]2	1,491,642
Current	assets
Debtors			12	8,980	16,552
Cash at bank		and in hand		417,386	359,888
				426366	376,440
Creditors
Amounts	falling due within one year		13	(195,237)	(200,425)
Net current		assets		231,129	176,015
Total assets		less current liabilities		1,707,041	1,667,657
Creditors
Amounts	falling due atter more than		one
year			14	(51,721)	(68,845)
Provisions for liabilities			17	(108,525)	(123,751)
NET ASSETS				1,546.795	1,475,1161
Funds			18
Unrestricted		funds		1,546,795	1,475,061
Total fun	i!s			1,5 16..."5	I,;,;,661

				Statement ofCash Flows
			for the Year Ended 31stAugust		2023
					2023	2022
			Notes		K
Cash flows from	operating	activities
Cash generated from operations				I	73,282	(75,165)
Interest paid Pension deficit funding					(1,236) ~14,548	(420) ~9,900
Nct cash provided	by/(used	in) operating		activities	57,498	~85,485)
Cash flows from	investing	activities
Purchase oftangible fixed assets						3,538
Net cash provided	by/(used	in) investing		activities		~3,538)
Change in cash and cash		equivalents
in the reporting	period				57,498	(89,023)
Cash and cash equivalents		at the
beginning ofthe	reporting	period			359,888	448,911
Cash and cash equivalents		at the	end
ofthe reporting	period				417,386	359,888

for the Year End	for the Year End	for the Year End	for the Year End	ed 31stAugust 2023	ed 31stAugust 2023
Reconciliation ofnet income/(expenditure)				to net cash flow from operating		activities
						2023	2022
Net income/(expenditure)		for the reporting		period (as per the
Statement offinancial activities)					71,734		(141,090)
Adjustments for:
Depreciation charges						15,730	18,209
Interest paid						1,236	420
Interest on pension deficit							1,798
Further provision on	pension		deficit				48,712
Released from pension deficit			provision			(678)
Decrease/(increase)	in debtors					7,572	(5,406)
(Decrease)/increase	in creditors				~22,312		2,192
Net cash provided by/(used			in) operations		73,282		~75,165)
Analysis ofchanges	in net	funds
				At f/9/22	Cash flow		At 31/8/23
Net cash
Cash at bank and in	hand			359,888	57,498		417,386
				359,888	57,498		417,386
Debt
Debts falling due within I year				(10,980)		1,090	(9,890)
Debts fafling due after I year				~33,270		8,324	~24,946
				~44,250		9,414	~34,836
Total				315,638	66,912		382,550

					2023	2022
	Donations				~3)
3.	Other trading		activities
					2023	2022
	Shop income				18
	Preparatory	School		fees	1,171,733	1,024,777
	Nursery fees					82,270
	Lettings				1,625	1,980
	Visits income				6,807	6,825
	Club income				14,156	7,023
					1,194,339	1,122,875
4.	Investment	income
					2023	2022
						g
	UK Bank interest receivable				2,472	145
5.	Raising funds
	Raising donations			and legacies
					2023	2022
	Bursaries				3,668	13,689

Charitab	le activities costs
			Support
		Direct	costs (see
		Costs	note 7)	Totals
School		845,702	287,416	1,133,118
Support	costs
			Governance
		Other	costs	Totals
School		265,438	21,978	287,416

		2023	2022
Auditors' remuneration		6,333	6,000
Other non-audit	services	3,750	3,600
Depreciation -	owned assets	15,730	18,209
Other operating	leases	8,121	8,103

		2023	2022
Wages	and salaries	550,520	664,158
Social	security costs	49,517	57,866
Other	pension costs	89,877	92,997
		689,914	815,021

	2023	2022
Total	22	25

	The number o em f60,000was:	ployees whose em	ployee benefits (e	xcluding employe	r pension c	osts) exceede
					2023	2022
	f60,001 - f70,000				2	1
11.	Tangible fixed assets
				Improvements	Fixtures
			Freehold	to	and
			property	property	fittings	Totals
	Cost
	At 1stSeptember 2022 aud
	31st August 2023		1,163,455	454,941	56,843	1,675,239
	Depreciation
	At 1stSeptember 2022		66,498	60,710	56,389	183,597
	Charge for year		6,178	9,098	454	15,730
	At 31stAugust 2023		72,676	69,808	56,843	199,327
	Net book value
	At 31stAugust 2023		1,090,779	385,133		1,475,912
	At 31stAugust 2022		1,096,957	394,231	454	1,491,642
12.	Debtors: amounts	faffing due within	one year
					2023	2022
	Fees receivable				3,077	16,552
	Other debtors				2,288
	Prepay ments				3,615
					8,980	16,552

	for the Yea	r Ended 31stAugust 2023
13.	Creditors: amounts falling due within	one year
			2023	2022
	Bank loans and overdrails (see note 15)		9,890	10,980
	Fees in advance		99,472	95,181
	Trade creditors		(19)	3,649
	Deposits received from parents		3,150	6,950
	Social security and other taxes		12,591	13,009
	Other creditors		45,455	48,869
	Pension control		8,146	8,373
	Accrued expenses		16,552	13,414
			195,237	200,425
14.	Creditors: amounts falling due after more than one year
			2023	2022
	Bank loans (see note 15)		24,946	33,270
	Deposits received from parents		26,775	35,575
			51,721	68,845
15.	Loans
	An analysis ofthe maturity ofloans is given below:
			2023	2022
			f
	Amounts falling due within one year on	demand:
	Bank loans		9,890	10,980
	Amounts falling between one and two years:
	Bank loans - 1-2years		10,140	9,911
	Amounts falling due between two and five years:
	Bank loans - 2-5 years		14,806	23,359

								2023	2022
	Between	one and five years							3,854
17.	Provisions for liabilities
								2023	2022
	Provision	for	pension deficit					108,525	123,751
18.	Movement in			funds
								Net
								movem eat	At
							At 1/9/22	in funds	31/8/23
								f.
	Unrestricted		funds
	General	fund					1,475,061	71 734	1 546795
	TOTAL	FUNDS					1,475,061	71,734	1,546,795
	Net movement			in funds, included		in the above	are as follows:
							Incoming	Resources	Movement
							resell ress	expended	in funds
									f.
	Unrestricted		funds
	General	fund					1,207,842	(1,136,108)	71,734
	TOTALFUNDS
	Comparattves			for movement	in	funds
								Net
								movement	At
							At 1/9/21	in funds	31/8/22
	Unrestricted		funds
	General	fund					],616,151	(141,090)	1,475,061
	TOTALFUNDS						1,616,151	~141,0907	1,475,061

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		1,133,388	(1,274,478)	(141,090)
TOTAL FUNDS		1133,388	~),274478)	~)4),090)

				Net
				movement	At
			At I/9/21	in funds	31/8/23
					g
Unrestricted		funds
General	fund		1,616,151	(69,356)	1,546,795
TOTALFUNDS

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted		funds
General	fund		2,341,230	(2,410,586)	(69,356)
TOTAL	FUNDS		2,341,230	~2,4)0,586)	~69,356)

			31August	31 August	31 Augusts
			2023(gs)	2022(fs)	2021(gs)
Present	value	ofprovision	108,525	123,751	83,141

					Period
					Ending31
				Period Ending31	August
				August 2023(gs)	2022(gs)
Provision at start	ofperiod			123,751	83,141
Unwinding ofthe discount factor (interest expense)				5,019	858
Deficit contribution paid				(13,555)	(8,960)
Remeasurements	-impact ofany	change in assumptions		(6,690)	(20,543)
Remeasurements	- amendments	to the contribution	schedule		69,255
Provision at end	ofperiod			108,525	123,751
INCOME AND EXPENDITURE IMPACT
					Period
					Ending31
				Period Ending31	August
				August 2023(ks)	2022(gs)
Interest expense				5,019	858
Remeasurements	-impact ofany change in assumptions			(6,690)	(20,543)
Remeasurements	- amendments	to the contribution	schedule		69,255
Contributions paid in respect of		future service*