## ## ||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*|||| ## ## ##