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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe School, its Governors|and advisers|1-2|
|Governors'
report||||3-14|
|Independent
auditors'|report|on the financial statements||15-17|
|Statement offinancial|activities|||18|
|Balance sheet||||19|
|Statement ofcash flows||||20|
|Notes to the financial|statements|||21-36|
##
|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE
DETAILS OF THE SCHOOL, ITS GOVERNORS AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE SCHOOL, ITS GOVERNORS AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE SCHOOL, ITS GOVERNORS AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE SCHOOL, ITS GOVERNORS AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE SCHOOL, ITS GOVERNORS AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE SCHOOL, ITS GOVERNORS AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE SCHOOL, ITS GOVERNORS AND ADVISERS|
|---|---|---|---|---|---|---|---|---|---|
||||FOR THE YEAR|||ENDED 31AUGUST 2022||||
|Governors|||Ms N Dawes OBE, Chair|||||||
||||The Very Rev'd A|Dorber BA MTh FRSA||||||
||||Mrs R Hadley-Leonard|||(resigned||10 March|2022)|
||||Mrs J Mason ABSM||PGCE|||||
||||Mr R Oakley|||||||
||||Mr C Rickart BA PGCE|||||||
||||Mrs N Roy FCCA|||||||
||||The Rev'd Canon|A|Stead MA|||||
||||Ms C SShaw BEd|||||||
||||Mr E Lunt BA MA|AKC||PGCE NPQH ARSM||||
||||The Rev'd Canon|Dr G||Platten|(appointed||7 September 2021)|
||||Mr J Nevilie (appointed|||4 April|2022)|||
||||Mr J Morris (appointed|||10January 2023)||||
|Company|registered|||||||||
|number|||07302696|||||||
|Charity registered||||||||||
|number|||1137461|||||||
|Registered||office|The Palace|||||||
||||The Close|||||||
||||Lichfield|||||||
||||Staffordshire|||||||
||||WS13 7HL|||||||
|Bursar|||Mrs P A Sharratt
FCCA|||||||
|Head|||Mrs S E Hannam|BA MA PGCE||||||
|Independent||auditors|Bates Weston Audit||Ltd|||||
||||Statutory
Auditors|||||||
||||Chartered
Accountants|||||||
||||The Mills|||||||
||||Canal Street|||||||
||||Derby|||||||
||||DE1 2RJ|||||||
|Bankers|||Santander
Corporate||Banking|||||
||||1 Cornwall
Street|||||||
||||Birmingham|||||||
||||B32DX|||||||
||||National
Westminster||Bank Pic|||||
||||47 Market Street|||||||
||||Lichfield|||||||
||||Staffordshire|||||||
||||WS136LE|||||||
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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2022
6|2022
f|2022|2021
5|
|Income from:|||||||
|Donations
and legacies||2|85,100||85,100|60,245|
|Charitable
activities||3|40,467|8,205,836|6,246,303|5,680, 134|
|Investments||||4,810|4,810|813|
|Total income|||125,567|6,210,646|6,336,213|5,741,192|
|Expenditure
on:|||||||
|Charitable
activities||4|55,813|5,970,971|6,026,784|5,424,190|
|Total expenditure|||55,813|5,970,971|6,026,784|5,424,190|
|Net movement
in funds|||69,754|239,875|309,429|317,002|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||28,402|1,619,803|1,648,205|1,331,203|
|Net movement
in funds|||69,754|239,675|309,429|317,002|
|Total funds carried forward|||98,156|1,859,478|1,957,634|1,648,205|
##
##
|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note||E|||
|Fixed assets|||||||
|Tangible assets||||2,345,224||2,441,039|
|||||2,345,224||2,441,039|
|Current assets|||||||
|Debtors||10|1,847,681||1,526,941||
|Cash at bank and|in hand||2,170,349||1,561,704||
||||4,018,030||3,088,645||
|Creditors; amounts|falling due within one||||||
|year||11|(3,312,796)||(2,676,346)||
|Net current assets||||705,234||410,297|
|Total assets less|current liabilities|||3,050,458||2,851,336|
|Creditors: amounts|falling due after more||||||
|than one year||12||(1,092,824)||(1,203,131)|
|Total net assets||||1,957,634||1,648,205|
|Charity funds|||||||
|Restricted funds||13||98,156||28,402|
|Unrestricted
funds||13||1,859,478||1,619,603|
|Total funds||||1,957,634||1,648,205|
##
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||F||
|Cash flows from operating||activities||||||
|Net cash used
in operating|activities|||||727,765|429,808|
|Cash flows from investing||activities||||||
|Proceeds from the safe of tangible
fixed|||assets||||4,175|
|Purchase oftangible
fixed assets||||||(21,690)|(21,832)|
|Investment
income||||||4,810|813|
|Net cash used
In investing||activities||||(16,880)|(16,844)|
|Cash flows from financing||activities||||||
|Cash inflows from new borrowing|||||||250,000|
|Repayments
of borrowing||||||(71,357)|(19,189)|
|Bank and loan interest
paid||||||(30,883)|(28,439)|
|Net cash (used In)/provided||by financing||activities||(102,240)|202,372|
|Change
In cash and cash||equivalents|in|the year||608,645|615,336|
|Cash and cash equivalents||at the beginning||ofthe year||1,561,704|946,368|
|Cash and cash equivalents||at the end of||the year||2,170,349|1,561,704|
|The notes on pages 21 to 36 form part ofthese financial|||||statements|||
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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
|||||F|6|6|
|Government|grants||||||
|Coronavirus|Job Retention|Scheme grant||||60,245|
|Donations|||85,100||85,100||
||||85,100||85,100|60,245|
|Total 2021||||60,245|60,245||
##
|||Restricted|Unrestricted|Total|Tora/|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
|||6|6|6|6|
|Fees receivable|||5,812,149|5,812,149|5,355,168|
|Other educational|income|40,467|393,687|434,154|324,966|
|||40,467|6,205,836|6,246,303|5,680,134|
|Total 2021||55,409|5,624,725|5,680,134||
|||||2022|2021|
|||||6||
|School Fees Receivable||||||
|Fees receivable||||6,751,163|6,297,679|
|Less: Remissions||||(939,014)|(942,511)|
|||||5,812,149|5,355,168|
##
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|||Restricted|Unrestricted|||
|---|---|---|---|---|---|
|||funds|funds|Total|Total|
|||2022|2022|2022|2021|
|||6|6|6|5|
|Teaching costs||5,939|3,604,599|3,610,538|3,269,705|
|Welfare|||558,440|558,440|521,410|
|Premises|||906,425|908,425|649,586|
|Support costs of schooling||49,874|856,051|905,925|902,192|
|Governance|costs||45,456|45,458|81,297|
|||55,813|5,970,971|6,026,784|5,424,190|
|Total 2021||55,512|5,368,678|5,424,190||
##
||||Depreclatio||Total|Total|
|---|---|---|---|---|---|---|
|||Staff costs|n|Other costs|funds|funds|
|||2022|2022|2022|2022|2021|
|||6|8|E|8|E|
|Teaching costs||3,198,099||412,439|3,610,538|3,269,705|
|Welfare||78,184||480,256|558,440|521,410|
|Premises||195,191|64,789|646,445|906,425|649,586|
|Support costs of schooling||580,296|50,644|274,985|905,925|902,192|
|Governance|costs|||45,456|45,456|81,297|
|||4,051,770|115,433|1,859,581|6,026,784|5,424,190|
|Total 2021||3,781,991|127,974|1,514,225|5,424,190||
##
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||||2022f|2021|
|---|---|---|---|---|
|Fees payable|to the School's auditor|for the audit ofthe School's annual|||
|accounts|||4,500|4,250|
|Fees payable|to the School's auditor|in respect of:|||
|All non-audit|services not included
above||1,075|1,000|
##
|||||2022|2021|
|---|---|---|---|---|---|
|Wages and|salaries|||3,223,138|3,002,306|
|Social security costs||||304,862|274,111|
|Contribution|to defined|contribution|pension schemes|523,770|505,574|
|||||4,051,770|3,781,991|
||2022|2021|
|---|---|---|
|Head and teachers|87|79|
|Welfare and maintenance|20|19|
|Bursary and administration|26|25|
||133|123|
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##
|||Long-term|Short-term||Furniture||
|---|---|---|---|---|---|---|
||Freehold|leasehold|leasehold|llllotor|and||
||property|property
6|property
6|vehicles|fittings
6|Total
6|
|Cost or valuation|||||||
|At 1 September 2021|1,504,409|1,439,033|139,894|18,069|1,077,318|4,178,723|
|Additions|||||21,690|21,690|
|Disposals||||(7,719)||(7,719)|
|At 31 August 2022|1,504,409|1,439,033|139,894|10,350|1,099,008|4,192,694|
|Depreciation|||||||
|At 1 September 2021|259,174|470,859|98,881|15,999|892,771|1,737,684|
|Charge for the year|25,088|28,780|10,921|2,070|50,646|117,505|
|On disposals||||(7,719)||(7,719)|
|At 31 August 2022|284,262|499,639|109,802|10,350|943,417|1,847,470|
|Net book value|||||||
|At 31 August 2022|1,220,147|939,394|30,092||155,591|2,345,224|
|At 31August 2021|1,245,235|988,174|41,013|2,070|184,547|2,441,039|
##
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##
|||2022|2021|
|---|---|---|---|
|Due within|one year|||
|Outstanding|fees|1,751,660|1,475,320|
|Other debtors||408|6,827|
|Prepayments|and accrued income|95,613|44,794|
|||1,847,681|1,526,941|
##
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||6|5|
|Bank loans||||||110,353|71,430|
|Pupil deposits||||||169,810|166,950|
|Trade creditors||||||57,287|15,283|
|Other taxation and||social||security||87,364|64,758|
|Other creditors||||||159,670|202,425|
|Accruals and deferred|||income|||2,728,312|2,157,502|
|||||||3,312,796|2,678,348|
|||||||2022|2021|
|||||||F|5|
|Deferred
income at||1 September|||2021|1,958,354|1,804,062|
|Resources deferred||during||the year||2,253,717|1,958,354|
|Amounts
released|from previous||||periods|(1,958,354)|(1,804,062)|
|||||||2,253,717|1,958,354|
##
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|Statement
offunds (continued)|||||
|---|---|---|---|---|
|Statement
offunds - prior year|||||
||Balance at|||Balance et|
||1 September|||31August|
||2020|Income|Expenditure|2021|
|Unrestricted
funds|||||
|General
Funds - all funds|1,302,698|5,685,783|(5,368,678)|1,619,803|
|Restricted funds|||||
|Head's Strategic Fund||2,589||2,589|
|Chorister
Fund||896||896|
|Hardship
Bursary Fund||8,081||8,081|
|MUGA Project|11,668||(5,834)|5,834|
|Arts Council funding|2,830|30,503|(26,802)|6,531|
|Tim Henman
funding|8,502|8,810|(12,061)|5,251|
|Friends ofLCS|5,505|4,530|(10,815)|(780)|
||28,505|55,409|(55,512)|28,402|
|Total offunds|1,331,203|5,741,192|(5,424,190)|1,648,205|
##
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|Summary|offunds - current y|ear||||
|---|---|---|---|---|---|
|||Balance at 1|||Balance at|
|||September|||31August|
|||2021|Income|Expenditure|2022|
|||E|6|6||
|General funds||1,619,803|6,210,646|(5,970,971)|1,859,478|
|Restricted|funds|28,402|125,567|(55,813)|98,156|
|||1,648,205|6,336,213|(6,026,784)|1,957,634|
##
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##
|Summar|y|offunds - prior year||||||
|---|---|---|---|---|---|---|---|
|||||Balance at|||Balance at|
||||1|September|||31August|
|||||2020|Income|Expenditure|2021|
|||||||6|6|
|General|funds|||1,302,698|5,685,783|(5,368,678)|1,619,803|
|Restricted||funds||28,505|55,409|(55,512)|28,402|
|||||1,331,203|5,741,192|(5,424,190)|1,648,205|
|Analysis|of n|et assets between
funds - current|year|||
|---|---|---|---|---|---|
||||Restricted|Unrestricted|Total|
||||funds|funds|funds|
||||2022|2022|2022|
||||f||E|
|Tangible|fixed|assets||2,345,224|2,345,224|
|Current|assets||98,156|3,919,874|4,018,030|
|Creditors|due|within one year||(3,312,796)|(3,312,796)|
|Creditors|due|in more than one year||(1,092,824)|(1,092,824)|
|Total|||98,156|1,859,478|1,957,634|
##
|Analysis|ofn|et assets between
funds -|prior year||||
|---|---|---|---|---|---|---|
||||Endowment|Restricted|Unrestricted|Total|
||||funds|funds|funds|funds|
||||2021|2021|2021|2021|
|||||6|8||
|Tangible|fixed|assets||5,834|2,435,205|2,441,039|
|Current|assets||1,430,845|22,568|1,635,232|3,088,645|
|Creditors|due|within one year|(1,430,845)||(1,247,503)|(2,678,348)|
|Creditors|due|in more than one year|||(1,203,131)|(1,203,131)|
|Total||||28,402|1,619,803|1,648,205|
##
##
|16.|Reconciliation
of net|movement|in funds|to net cash flow from operating|to net cash flow from operating|activities||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||E|E|
||Nel income for the year (as per Statement|||of Financial|Activities)|309,429|317,002|
||Adjustments
for:|||||||
||Depreciation
charges|||||117,505|/26, 055|
||Decrease/(increase)
in|debtors||||(320,740)|173,/66|
||Increase/(decrease)
in|creditors||||595,498|(216,061)|
||Bank interest received|||||(4,810)|(613)|
||Bank and loan interest|paid||||30,883|28,439|
||Net cash provided
by operating||activities|||727,765|429,806|
|17.|Analysis ofcash and|cash equivalents||||||
|||||||2022|2021|
|||||||E||
||Cash
in hand|||||2,170,349|1,561,704|
||Total cash and cash equivalents|||||2,170,349|1,561,704|
|18.|Analysis
ofchanges|in net debt||||||
|||||At 1||Other non-||
|---|---|---|---|---|---|---|---|
|||||September||cash|At 31|
|||||2021|Cash flows|changes|August 2022|
||||||E|E|E|
|||||E||||
|Cash|at bank and||in hand|1,561,704|608,645||2,170,349|
|Debt|due within|1|year|(71,430)|(71,384)|32,461|(110,353)|
|Debt|due after 1|year||(1,203,131)||110,307|(1,092,824)|
|||||287,143|537,261|142,768|967,172|
##
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||||2022|2021|
|---|---|---|---|---|
||||6|5|
|Not later than||1 year|205,016|164,651|
|Later than|1 year and not later than 5years||427,250|517,626|
|Later than|5 years||2,650,552|2,660,215|
||||3,282,818|3,342,494|
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