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2023-07-31-accounts

Unrestricted Restricted Endowed Total Total
Funds Funds Funds Funds Funds
2023 2022
Notes 6'000 6'000 8'000 6'000 8000
Income and endowments from:
Charitable
Activities
School fees (net) 25,370 25,370 24,123
Other educational
income		 2,100 2,100 1,261
Other activities 29 29 22
Voluntary
sources
Grants and Donations 444 449 393
Investments
Investment
income		 221 184 405 546
Bank and other interest 56 1 57 5
Other trading
activities
Non-ancillary
trading		 income 324 324 279
Total income 28,105 629 28,734 26,629
Expenditure
on:
Raising funds
Non-ancillary
trading		 273 273 251
Fundraising
and Development		 180 74 254 277
Financing
costs under		 Advance Fee
Contracts 197 197 191
Finance costs 17 17 32
Bank and Mortgage
interest		 131 131 96
Investment
Management		 Fees 61 61 63
Total deductible
costs		 859 74 933 910
Charitable
activities
Education
and grant making		 26,003 154 26,157 23,526
Total expenditure 26,862 228 27,090 24,436
Net incoming
funds from operations
before transfers
and investment
loses 1,243 401 1,644 2,193
Investment
(losses)		 (107) (94) (250) (451) (895)
Transfer
between
funds		 17 81 (81)
Net income and capital inflow 1,217 226 (250) 1,193 1,298
Fund balances at 1 August 2022 33,959 2,671 8,216 44,846 43,548
FUND BALANCES at 31July 2023 14 35,176 2,897 7,966 46,039 44,846

Group Group Foundation Foundation
Notes 2023 2022 2023 2022
8'000 6'000 8'000 8'000
FIXED ASSETS
Tangible
fixed assets		 7 32,096 32,723 32,089 32,712
Investments 8 13,343 13,771 13,343 13,771
45,439 46,494 45,432 46,483
CURRENT ASSETS
Stocks 164 124 25 28
Debtors payable
within		 one year 1,137 1,029 1,218 1,118
Cash 12,654 10,963 12,639 10,919
13,955 12,116 13,882 12,065
CREDITORS: payable within
one year		 10 (11,448) (11,161) (11,378) (11,109)
NET CURRENT ASSETS 2,507 955 2,504 956
TOTAL ASSETS LESS CURRENT LIABILITIES 47,946 47,449 47,936 47,439
CREDITORS: due after more than one year
Advance fees 12 (607) (865) (607) (865)
Loans 11 (1,300) (1,738) (1,300) (1,738)
TOTAL NET ASSETS 14 46,039 44,846 46,029 44,836
FUNDS
PERMANENT
ENDOWED FUNDS		 15 4,059 4,187 4,059 4,187
EXPENDABLE ENDOWED FUNDS 16 3,907 4,029 3,907 4,029
RESTRICTED FUNDS 17 2,897 2,671 2,897 2,671
UNRESTRICTED FUNDS 18 35,176 33,959 35,166 33,949
46,039 44,846 46,029 44,836

2023 2022
Notes 8'000 8'000
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided
by operating
activities		 23 2,571 2,994
CASH FLOWS FROM INVESTING ACTIVITIES
Investment income receipts 433 334
Bank interest
received		 57 5
Purchase of tangible
fixed		 assets (820) (177)
Purchase of investments (1,695)
Net cash (used)/provided by investing
activities		 (330) (1,533)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments
of loans and		 mortgage borrowings (550) (1,427)
Net cash (used) financing activities (550) (1,427)
Change
in		 cash and cash equivalents in the reporting period 1,691 34
Cash and cash equivalents at the beginning of the period 10,963 10,929
Cash and cash equivalents at the end of the reporting period 12,654 10,963

ed
assets
preciation		 down
to t
rates are:		 heir
estimated
residual
value
over
their
esti		 mated
useful
lives.
The
Per Annum
Freehold land Nil
Freehold buildings
off		 site rebuild cost used for depreciation 2%
Freehold buildings
on		 site new build cost used 2%
Freehold buildings
on		 site total refurbishment 7 —20 years
Buildings
Plant and		 on leasehold
machinery		 land Length oflease
10-20%
Fixtures, fittings
and equipment		 7 —34%

2. SCHOOL FEES SCHOOL FEES 2023 2022
8'000 8'000
Fees receivable consist of:
Schoolfees 27,346 25,804
Less: scholarships, bursaries and allowances (2,130) (1,838)
25,216 23,966
Add back: Bursaries and other awards paid by restricted funds 154 157
25,370 24,123
3. CHARITABLE ACTIVITIES - OTHER INCOME 2023 2022
8'000 8000
Other educational charitable activities
Entrance and registration fees 102 70
Recharge extra-curricular activities 844 329
Pupil welfare 44 3
Courses and sub-lettings 744 649
Summer School 366 210
2,100 1,261
Other activities
School fees refund scheme commissions 1 8
Other 28 14
29 22
4. GRANTS AND DONATIONS RECEIVABLE
2023 UNRESTRICTED RESTRICTED TOTAL
8'000 8'000 8'000
Donations 3 444 447
Legacies 2 2
5 444 449
2022 UNRES TRICTED RESTRICTED TOTAL
6'000 6'000 6'000
Donations 4 326 330
Donations for bursaries re Wes/ey Scholars 34 34
Legacies 25 15
Furlough
grant		 4 4
33 360 393
5. OTHER TRADING ACTIVITIES
Trading income 2023 2022
8'000 8000
Leys Enterprises (Cambridge) Ltd 324 279

6.
ANALYSIS OF EXPENDITURE		 6.
ANALYSIS OF EXPENDITURE
2023 Staff Other Depreciation Total
Costs costs
8'000 8'000 6'000 8'000
Costs of raising funds:
Non-ancillary
trading		 73 195 273
Fundraising
and Development		 134 120 254
Financing
costs under advance fee
contracts 197 197
Financing
costs		 17 17
Bank and mortgage
interest		 131 131
Investment
managers		 charge 61 61
Total costs of raising funds 207 721 933
Charitable
activities:
Education
and grant		 making
Teaching 11,817 2,102 230 14,149
Welfare 1,264 2,316 70 3,650
Premises 1,014 2,527 1,142 4,683
Support costs and governance 2,172 1,229 3,401
Schools' operating
costs		 16,267 8,174 1,442 25,883
Grants,
awards
and prizes		 274 274
Cost of charitable
activities		 16,267 8,448 1,442 26,157
Total expenditure 16,474 9,169 1,447 27,090
2022 Staff Other Depreciation Total
Costs costs
8000 8000 8000 8000
Costs ofraising funds:
Trading costs 70 176 251
Fundraising
for voluntary
resources		 131 146 277
Financing
costs under advance fee
contracts 191 191
Financing
costs		 32 32
Bank and mortgage interest 96 96
Investment
managers		 charge 63 63
Total costs ofraising funds 201 704 910
Charitable
activities
Education
and grant		 making
Teaching 11,041 1,592 107 12,740
Welfare 1,167 2,016 74 3,257
Premises 915 2,235 1,137 4,287
Support costs and governance 1,961 1,022 2,983
Schools' operating
costs		 15,084 6,865 1,318 23,267
Grants,
awards and prizes		 259 259
Cost ofcharitable
activities		 15,084 7,124 1,318 23,526
Total expenditure 15,285 7,828 1,323 24,436

The number
of higher
paid employees		 was: 2023 2022
Taxable emoluments
bands:		 No. No.
E 60,001 —E70,000 18 15
E 70,001 —E80,000 4
E 80,001 —E90,000 1
E 90,001 —f100,000 1
6120,001 —f130,000
6130,001 —f140,000
6140,001 - 6150,000
6150,001 - 6180,000
6180,001 - 6190,000
27 20

pplied as follow s:
2023 2022
6'000 6'000
After 5 years
Within 2 to 5 years 193 328
Within
1 to 2 years		 414 537
607 865
Within
1 year		 7,390 7,453
7,997 8,318
The movements during the year were as follows:
At 1 August 2022 8,318 7,989
New contracts during the year 7,397 7,509
Amounts
accrued		 to contracts 198 190
Amounts
utilised		 in payment of fees to the school (7,916) (7,370)
Balance at 31 July 2023 7,997 8,318

Group and Foundation 2023 2022
8'000 8'000
Within
one year		 104 87
Between one and five years 143 113
Over five years 27 24
2023
Fixed Net Current Long Term
Assets Investments Assets/(liabilities) Liabilities Total
E'000 E'000 E'000 E'000 8'000
Permanent endowment 3,934 125 4,059
funds
Expendable endowed funds 3,772 135 3,907
Restricted funds 2,466 431 2,897
Unrestricted funds 32,096 2,571 1,809 (1,300) 35,176
32,096 12,743 2,500 (1,300) 46,039
Advance fees 600 (607)
32,096 13,343 2,507 (1,907) 46,039
2022
Fixed Net Current Long Term
Assets Investments Assets/(liabilities) Liabilities Total
E'000 E'000 E'000 E'000 E'000
Permanent endowment 4,079 108 4187
funds
Expendable endowed funds 3,911 118 4,029
Restricted funds 2,507 164 2,671
Unrestricted funds 32,723 2,422 552 (1,738) 33,959
32,723 12,919 942 (1,738) 44,846
Advance fees 852 13 (865)
32,723 13,771 955 (2,603) 44,846

2023 1 August Investment 31July
2022 Income Expenditure Losses 2023
6'000 6'000 E'000 6'000 8'000
Endowment 4,187 (128) 4,059
upport.
Only the		 income
is		 drawn
down
 which
helps f		 und
Bursaries.
2022 1 August Investment 31 July
2021 Income Expenditure Gains 2022
6'000 E'000 E'000 E'000 E'000
Endowment 4,454 (267) 4,187
EXPENDABLE ENDOWED FUNDS
Transfers
and
2023 1 August Investment 31July
2022 Income Expenditure Losses 2023
6'000 E'000 E'000 E'000 8'000
Scholarships 4,029 (122) 3,907
2022 1 August Investment 31 July
2021 Income Expenditure Gains 2022
8'000 6'000 6'000 6'000 6'000
Scholarship 4,285 (256) 4,029

17. RESTRICTED FUNDS RESTRICTED FUNDS RESTRICTED FUNDS RESTRICTED FUNDS
Investment
2023 1 August Income Expenditure Losses/ 31July
2022 Transfers 2023
8'000 6'000 6'000 6'000 8'000
Wesley scholars fund 45 (33) 12
Scholarship 38 115 (115) 38
Ollie Feast 50 50
Development funds
Great Hall 8 8
Chapel
Centenary		 fund 21 21
The gift of education (bursary) 1,820 326 (94) 2,052
Bursaries (various) 137 13 (6) 144
Prize funds 63 63
Boat house redevelopment 17 17
Vision studio 114 (40) 74
Other 134 64 (41) 157
Community fund 224 111 (74) 261
2,671 629 (228) (175) 2,897
2022 1 August 31 July
2021 Income Expenditure Transfers 2022
8'000 6'000 6'000 6'000 6'000
Wesley scholars fund 43 34 (32) 45
Scholarship 38 98 (98) 38
Ollie Feast 50 50
Development funds
Great Hall 8 8
Chapel
Centenary		 fund 21 21
The gift of education (bursary) 1,620 351 (1) (150) 1,820
Bursaries (various) 158 5 (26) 137
Prize funds 62 1 63
Boat house redevelopment 17 17
Vision studio 54 114 (54) 114
Other 123 11 134
Community Fund 200 106 (82) 224
2,394 720 (239) (204) 2,671

Transfers/ Transfers/
2023 1 August Income Expenditure Investment 31July
2022 Losses 2023
E'000 E'000 E'000 E'000 8'000
Designated
funds
Gift of education 1,064 1,066
Funds for hardship bursaries 313 115 428
Unrestricted
funds		 32,582 27,988 (26,862) (26) 33,682
Total Unrestricted Funds 33,959 28,105 (26,862) (26) 35,176
The gift of education is expected to be fully
utilised		 within 10 years,
and the funds		 for helping parents
impacted
by the current economic		 situation
(hardship		 bursaries) is expected to be fully utilised within 3-5
years.
2022 Transfers/
1 August Income Expenditure Investment 31July
2021 Gains 2022
8'000 8'000 8'000 E'000 6'000
Designated funds
Gift ofeducation 1,039 25 1,064
Funds for COVID-19 /hardship
bursa ries 223 90 313
Unrestricted funds 31,153 25,897 (24,300) (168) 32,582
Total unrestricted funds 32,415 26,012 (24,300) (168) 33,959

2023 2022
8'000 6'000
Net income for the reporting
period		 1,644 2193
(as per the statement
of financial		 activities)
Adjustments for
Depreciation
charge		 1,447 1,323
Investment income and interest (462) (551)
Investment managers
fees		 61 63
(Increase) in stocks (40) (5)
(Increase) in debtors (108) (412)
Increase/(decrease) in creditors 270 (135)
(excluding advance fee movement)
(Decrease)/increase in fees in advance scheme (321) 329
creditors
Increase/(decrease) in parent deposits 80 189
Net cash provided by The Group's operating
activities 2,571 2,994

Group Group Foundation Foundation
2023 2022 2023 2022
8'000 8'000 8'000 8'000
Financial assets measured at amortised cost (a) 13,443 11,621 13,511 11,668
Financial assets measured at fair value (b) 13,343 13,559 13,343 13,559
Financial liabilities measured at amortised cost (c) (3,202) (3,042) (3,143) (3,000)
Net financial
assets		 measured at amortised cost 23,584 22,138 23,711 22,227

Year ended 31July 2022 Year ended 31July 2022 Unrestricted Restricted Endowed Total
Funds Funds Funds Funds
2022
8'000 8'000 8'000
Income and endowments from
Charitable
Activities
School fees (net) 24,123 24,123
Other educational
income		 1,261 1,261
Other ancillary
activities		 22 22
Voluntary
sources
Donations 33 360 393
Investments
Investment
income		 187 359 546
Bank and other interest 4 1 5
Other trading
activities
Non-ancillary
trading		 income 279 279
Total income 25,909 720 26,629
Expenditure
on
Raising funds
Non-ancillary
trading		 251 251
Fund-raising
for voluntary		 resources 195 82 277
Financing
costs under		 Advance Fee
Contracts 191 191
Finance costs 32 32
Bank and Mortgage
interest		 96 96
Investment
Management		 Fees 63 63
Total deductible
costs		 828 82 910
Charitable
Activities
Schools and grant making 23,369 157 23,526
Total expenditure 24,197 239 24,436
NET INCOME 1,712 481 2,193
Investment
gains		 (222) (150) (523) (895)
Transfers
between
funds		 54 (54)
NET MOVEMENT
IN FUNDS		 1,544 277 (523) 1,298
Fund balances at 1 August 2021 32,415 2,394 8,739 43,548
FUND BALANCES at 31July 2022 33,959 2,671 8,216 44,846

The Foundation
owns the whole ofthe share capital of a		 The Foundation
owns the whole ofthe share capital of a		 The Foundation
owns the whole ofthe share capital of a		 The Foundation
owns the whole ofthe share capital of a		 trading company trading company trading company Leys Enterprises (Cambridge)
Limited
company
number 2016905, with		 the Foundation receiving taxable surpluses earned
by the
company as a donation under gift aid.
2023 2022
8'000 8'000
BALANCE SHEET
Tangible
fixed assets
CURRENT ASSETS
Stock 139 96
Debtors 62 42
Cash 15 44
216 182
CREDITORS: amounts falling due within one year (214) (182)
Net current
liabilities
TOTAL NET ASSETS 10 10
CAPITAL AND RESERVES
Called
up share capital
Profit and loss account 10 10
10 10
The Company
has E2 share capital which		 after rounding to the nearest E1,000, becomes anil)
PROFIT AND LOSS ACCOUNT 20223 2022
8'000 8'000
Turnover 324 278
Cost of Sales (249) (229)
Gross profit 75 49
Administration (24) (22)
Net profit 51 27
Donation
to Parent under gift		 aid (51) (27)
Retained
profit for period