Registered Number: 04479890 IEngland and Wales) Registered Charity Number.. 1145113 DOLPHIN SCHOOL TRUST AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Prepared Bv.. KWSR & Co Chartered Accountants & Registered Auditors 136 Merton High Street. London SW19 IBA
Dolphin khool Trust ALNJrtEd Finanual statemenfOr rho ar dett31 Aueust2022 Contents GOVERNORS, REPORT.................................................................................................................................... ACHIEVEMENT AND PERFORMANCE.............................................................................................................. INDEPENDENT AUDrtORS REPORTTO THE MEMBERS OF DOLPHIN SCHOOL TRUST..................................... li STATEMENT OF FINANCIAL AcnviTIES......................................................................................................... BALAf4CE SMEET............................................................................................................................................ 14 CASM FLOW STATEMEpif....-.----.-......--...-...----.-_--.-.-.-...--....----...-......-...-..-............. 16 NOTES TO THE FINANCIAL STATEMENTS...........-.......................................................................................... 17 DETAILED 5TATEmETr OF FINANCIALACTivfnE&........................................................................................ 23
Dolphin School Trust Audrted F1rnaThiStatnts1ortkeaTtsidd 3IA4ust2022 GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2022 The Board of Governors present their annual report forthe year ended 31 Au8USt 2022 under the Companies Act 2006 and Charities Act 2011, together with the audited financial statements for the year. As Trustees of The Dolphin School Trust, the Governors have adopted the provisions of the Statement of Recommended Prartice ISORPI 'Accounting and Reporting by Charities, issued in March 2015. REFERENCE & ADMINISTRATIVE INFORMATION The Dolphin School Trust is a charitable company founded in 1986, with the liability of it5 members limited to £1 each by guarantee. Reglstered company number: 04479890 (England and Wales) Registered charity number: 1145113 Registered office: 106 Northcote Road, London SWII 6QW Governors The Governors of Dolphin School Trust, who are also the Charity Trustees and the Directors of the Company, who served during the yearand Subsequently are.. S Gates Chair G Corera M Goldschmeid P van der Vliet J Watling. Iresigned 2410612022} P Dennemont J Savile (appointed 01109120221 J Hopkins lappointed 10103120231 * Member of the Finance Committee Officers and ProfesSiTonalAdvisers The Headmaster: S Gosden The Bursar.. L Lonsdale Bankers.. Natwest Bank Plc. 280 Bishopsgate. London, EC2M 4RB KWSR & Co., 136 Merton High Street. London, SW19 IBA Auditor..
t)olphin khool Trust AuditÈd Finan0SIdmentsforthe year e 3LAy8U5t2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Company is governed by its Memorandum and Articles of Association, last amended on 4July 2002. Governing Bodv The Governors, who are required under the Articles to serve as D1CtOrS of the Company and Trustees of the Charity, are elected at a full Governors. Meetin8 based on recommendations to and discussion with existing Governors and the Headmaster. Prior to being appointed new Governors are fully briefed on the responsibilities and duties of a School Governor. Governors stand for a term of four year5 and are eligible to stand for re-election. Mrs Dennemont had grandchildren at the school during the year under review. Trustee training Trustee training is provided for all Governors covering their duties as Governors, Trustees and Directors. OrgonisQtionol management The Governors meet as a full Board each term to determine the general policy of the charitable company and review it5 overall management and control, for which they are legally responsible. The Board is sÈrved by several sub-committees responsible for il Finance and Property ill Safeguardin& Educations, Ethos and Compliance, and iiil Governance and Nominations. The Finance & Property Committee. chaired by Mr5 van dervliet. meets before the full Board meeting to review the financial performance of the school. The day to day running of the school is delegated to the headmaster who is supported by the Senior Team and together this group are the key management personnel and report to the Governors in their respective areas of education. safeguarding. pastoral support, finance. legal matters. HR, subsidised fees and property issues to ensure the smooth running of the school. Remuneration of the Headmaster is set by the Board, in a fair and responsible manner. The appropriateness and relevance of the remuneration policy is reviewed annually including reference to comparisons with other independent schools to ensure that Dolphin School remains sensitive to the broader issues of pay and employment conditions elsewhere. Delivery of the Companrfs charitable vision and purpose is primarily dependent on our key personnel, and as staff members are our greatest resource, staffing costs are the largest single element of our charitable expenditure. Group Relotionships Dolphin School Trust is a member of ISA for the promotion and maintenance of preparatory school standards Eenerally.
Dolphin School Trust Audired n)n0)IsVnf0rthrof jIAU$r2022 We are committed to ourlocal community in London. We supported our local Foodbank with our harvest donations. We also supported the work of Macmillan Cancer Support and Centrepoint. Principal Ri5k5 and Uncertainties The Governors review the school's current and planned future activitie5 in the light of any major risk5 arising from time to time and the effectiveness of systems and procedures designed to manage them. The principal risks and uncertainties currently facing the Company 2fe considered to remain the possible impact on pupil numbers as State schools are undersubscribed, the increasing competition for high-quality teaching and other staff. continuing impact f rom high inflation and severe reputational damage in the unlikely event of a high-profile legal action alleginE lack of due care over our pupils as vulnerable beneficiaries. Our plans and strategies for managing risk include maintaining effective internal controls. risk registers, incident-reporting and monitoring systems and insurance cover wherever appropriate. OBJECTS. PUBLIC BENEFIT AIMS, OBJEcfivES AND PRINCIPAL ACTIVITIES The Object of the Charitable Company is the advancement of education in the United Kingdom and elsewhere with a view to providing a sound Christian and moral basis for all pupils. In furthering this Objett. the Governors. as the charity trustees. have complied with the duty in 5.17151 of the Charities Act 2011 to have due regard to the Charity Commission's published guidance concernin8 the operation of the Public Benefit requirement under that Act. Strategic Aim ond Intended EIAert The Board's strate8ic aim to reach its objertive for the public benefit as a charitable Independent School is the attainment of the highest academic levels consistent with our non- selective admissions policy and to help lower-irbcome families to benefit from our fee-based schooling, whilst allowing all pupils to benefit from our extra-curricular programme. This 15 intended to draw out their abilities and academic potential. awaken and develop wider interest in life for eventual participation in civil society and motivate them for a successful outcome both at their chosen senior school and in life. Objertlves To achieve the objectives, the Trust operates one primary school from its principal office location and two pre-school age nursery schools. The school aim5 to provide a caring Christian environment with dynamic academit provision to children of all ages with a broad range of ability so that their needs can be met and their talents developed. These objectives are pursued by creating an environment where all are welcome, and this is supported by a high level of pastoral care. Principol ortivity and income sources The Trust's principal activity continues to be the provision of a Day School for S- to 11-year- old children and of two pre-school age nurseries. The principal source of income is from school fee5.
Dolphin School Trust Audit SInoLSt3Menl5fOrthe 31AUSt 2022 Public Benefit, grant-makinq. and oecess-widening The Trustees are satisfied that the school's aims are charitable, and they have 3150 considered the Charity Commi55ion's general guidance on public benefit. The school has for many years provided up to IO% of total fees in bursaries to allow children from lower income families to benefit from an education at the school. The school has a Christian foundation, and the Trustees consider that SUPPOrt for low-income familles is 3 positive part of the School's duty. The school also seeks to keep School fees as low as it Possibly can so that the school remain5 accessible to the widest section of the community P055ible. School fee5 at Dolphin School are up to 25% lower than the average school fees of local independent primary schools. The Governors are keen to promote a broad social and ethnic mix. Dolphin School continues to h05t a football tournament for local schools that happen5 twice a year and does this despite not having its own sports pitches. The school is involved in charitable fund-raising each year, 5UPPOrting 3 variety of causes and organisation5 Wlth local and international focus. The school was pleased to support Macmillan Cancer Support. Centre Point and to donated food to the Wandsworth Foodbank through our Haryest Assembly in October. The nursery schools all supported charities through a variety of activities, and these typically were for the benefit of children and the elderly. Volunteer5 The Parents of Dolphin, known as The POD., helped with the school's fundraising and cultural activiries during the year, and the Board would like to take this opportunity to say how much we appreciate their continuing and valuable support for our work. REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR Operational performonce OA the School We strive to offer an excellent education to children of all abilities, focusing on the strengths, interests. and character of each child in our care. We aim to personalise learning, particularly in the fotsndation subjects of Maths and English. We are a mixed ability school with non- selective entry at Reception, but pupils, academic achievement remains high. Dolphin leaver5 thi5 year headed to a variety of selective schools including Dulwich College. King's Wimbledon, Alleyn's, Emanuel and James Allen Girls with pupils being awarded scholarships for academic, sPOrtin& musical, art15tic. and dramatic prowess. Our individualised approach extends right across the curriculum and into the key area of children's character development. Our annual theme each year injects dynamism into school life. In 2021-22 our theme was Celebration and Joy. The Christian foundation of the school remains the bedrock of daily life, with our weekly Christian assemblies very well attended by parents and extended family members. We continue to build community in our own school through the weekly prayer meeting hosted
Dolphin School Trust Audrt Fihanoal Ststementsfor the 31 Au8kntst 2022 by the Senior Team and attended by Dolphin parents. We returned to in person 355emblies with parents attending each Friday. The important home-school partnership is fostered through many school events including concerts, productions. Family Night and Grandparents, Tea. We hosted a well-attended IT and e-5afety evening for parents and information sessions for parents about reading and phonics. and mathematics. We serve our local community of schools by hosting a football toumament twice a year for local schools. Weekly fixtures are played in sport5 such as football, touch rugby, hockey, netball, rounders and cricket and we now hire dedicated local pitches. a5 well as a local netball court and astro turf pitch. Our coaching is detailed and profe55i0nal. and our results are excellent. Sporting potential is identified and nurtured. There has been a similar level of activity in the Arts, with Dolphin pupils performing in whole- school dramatic productions as well as instrumental and choir concert5, Wlth the Easter Concert a particular focus. Twice yearly DT (Design & Technology) days in the Upper School added an opportunity for pupils to be both inspired by guest speakers and to immerse themselves in various creative projects. Our Year 6 pupi15 took part in the professional production of The Life of Christ run by the Bible Society on the Wintershall Estate and they ended the year on a high by leading the whole school to perform Jungle 8ook, the musical. Numbers of children learning musical instruments has increased this year, with lessons undertaken on a wider range of instruments and greater numbers of young fflu5icians taking part in concerts and recitals. The school's continued investment in IT enables childrerb to make full use of a suite of chrome books. This is Particularly important as the majority of independent secondary schools have moved their entrance exams online. Dolphin School children are able to practice these tests regularly on School provided IT devices. Residential trips for years 4, 5 and 6 were able to go ahead once again in 2022. Other years benefited from Day trip5 to London Zoo and various other exciting places. Bursary support is always offered to those who might struggle financially to pay for trips. We also invited Speakers, ranging from 'Florence Nightingale,. Natalie Costa speaking to the upper years on "power thought5" to an ornithologist specialising in owls. We regularly work with the local authority and other providers to enhance pupils. life skills. such as TFL and using the underground or bus network and local streets safelv. Co-curricular clubs include a range of sports and art-based activities, and private tuition is offered in a range of musical instruments. During 2021122 we introduced early drop off option for parents, allowing them to drop off children from age 3 at 8am. We also introduced our own in-house after school care running up to 6pm for those parents wishin8 to acces5 this, with. In 2021/22 we introduced hot school lunches for all pupils from Reception to Year 6. This was a huge success. allowing all children to access a freshly prepared healthy. organic lunch Monday to Friday. We created a lower and upper school library enablin8 children to access this space to read, select new books to take home and foster a life-long love of reading. We are very grateful to
t)olphin School Trust Audited FitWxialStstentsfarthtsar eAthd alArtIo2? our volunteer librarian for maintaining the library so it is an inspirational space for the children. Fundraising performance The Dolphin School Trust relies primarily on school fees to finance its charitable aim5. In June 2022 we hosted a fundraising concert, and celebrated 25 ye3rs of service by our Director of Ethos, Janet Clark. The concert was a huge succes5 Wlth money raised going towards our bursaryfund. FINANCIAL REVIEW AND RESULTS FOR THE YEAR As with other independent schools based in London. we experienced a f211 in pupils numbers both during and after the COVID pandemic. We were able to retain our excellent teachers and staff and absorb these costs as a result of holding adequate reserves. The deficit for 2022 totalled £326,788. We finished the year with Unrestricted funds of £1.506.135 and cash balance of E741,681. The Board has established a policy whereby sufficient reserves not restricted, committed. or designated be carried to support resources expended at a level enabling the continuation of the current activities of the Charrty in the event of a significant drop in School fees and related income. Investment poliry and objertives The Governors maintain the policy to put all available retained funds. other than those required for day-ttrday cash management. into the higher-yielding Direct ReseNe account. The results for the year and financial position of the Charity are as shown in the annexed financial statements. FUTURE PLANS Having moved one of our nursery schools onsite in 2021 we have successfully expanded the number attendirbg this nursery during 2021122. We will continue to expand our nursery provision in 22123 both in numbers attending and hours of attendance by providing early drop off. afternoon sessions and after school care from. We continue to invest in IT and STEM resource5. ensuring children have acce55 to touch screen chromebooks, ipads and smart screens in all classrooms. We will continL*e with our refurbishment and modernisation plan for all classrooms With write on cupboards, desks and integrated smart screens. Other key objectives for the future include continuing to develop the curriculum and further enhancing our outdoor teaching and learning locally and in London. We are seeking to expand our parent talks on matters to include nutrition, sleep, positive mental health and confidence, and a speech & language therapist advice session and more.
Dolphin School Trust AuthTEd FinanoalStstetnEnt51cKthe arenthd 31 AU&l2022 RELEVANT AUDIT INFORMATION Insofar as each of the Directors. as members of the Governing Body. at the date of approval of this report is aware. there is no relevant audit information linformation needed by the Companvs auditor in connection with preparing the audit report) of which the Company's auditor is unaware. Each member of the Governing Body has taken all the steps that he or she should have taken as a member of the Governing Body to make him or herself aware of the relevant audit information and to establish that the Company's auditor is aware of that information. th Approved by the Board of Governors at its meeting on 10 March 2023 and signed on its behalf by.. Sian Gates, Chair 19" May 2023
Dolphin School Trust Authled Rnanoal StatsmentsfL¥ the wrÈnded31 Augist 20 STATEMENT OF GOVERNORS, RESPONSIBILITIE5 The Govemors {who are also the directors of Dolphin School Trust Ltd for the purposes of company lawl are responsible for preparing the Governors, Report and the financial statement5 in accordance with applicable law and United Kin8dom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the Governors to prepare financial statements for each financial year. Under company law the Governors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable cornpany for that period. In preparin8 these financial statements. the Governors are required to select the most suitable accountin8 policies and then apply them consistently. observe the methods and principles set out in the Charity SORP. make judgements and estimates that are reasonable and prudent. state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statement5; and prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Governors are responsible for keeping proper accounting records that are sufficient to show and explain the charitable company's transactions. disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charitable company and ensurin8 their proper application under tharity law and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. io
Dolphin School Trust AudrtÈd Fina StatsMentsforthear JIAuiu5t 2022 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF DOLPHIN SCHOOL TRUST We have audited the financial statements of Dolphin School Trust for the year ended 31 August 2022 which comprise a Statement of Financial Activities, Balance Sheet, Cash Flow Statement, and related notes. The f inancial reporting framework that has been applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Respective Responsibilities of the Governors and Auditors The Governors as Trustees (who are also the directors of the charitable company for the purpose of company lawl are responsible for preparation of the financial statements and for being sat15fied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financi31 statements in accordance with applicable law and International Standards on Auditing (UK & Irelandl. Those stsndards require us to comply with the Auditing Prartices Board's Ethical Standard for Auditor5. Scope of the Audit An audit involve5 obtaining evidence about the number of disclosures in the financial statements sufficient to give reasonable assurance that the financial statement5 are free from material misstatement. whether caused by fraud or error. This includes an assessment of whether the accounting policie5 are appropriate to the company'5 circumstances and have been consistently applied and adequately disclosed,. the reasonableness of significant accounting estimates made by the Governors; and the overall presentation of the financial statements. Opinion on the Financial Statements In our opinion the financial statements: give a true and fair view of the state of the compan$ profit or105s for the year ended 31 August 2022. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011. Opinlon on other matters prescribed by the Companie5 Act 2006 In our opinion the information given in the Trustees Report for the financial year for which the financial statements are prepared is consistent with the financial statement5. Matters on which we are required to report by exception We have nothingto report in respectofthe followin8 matters wherethe Companies Act 2006 requires us to report to you if, in our opinion: Adequate accounting records have not been kept,. or li
Dolphin khool Trust Audited Finantsa5tatrrnenr5fortheW JiAU5[ 2022 Certain disclosures of trustees, remuneration specified by law are not made,. or We have not received all the information and explanations we require for audit,. or The Trustees were not entitled to prepare the financial statements in accordance with the 5m311 Companies regime and take advantage of the Small Companies Exemption in preparing the Report of the Trustees. On behalf of KWSR & Co.: KWSR & CO LTD (Jun 28. 2Y)YJ. 11 05arnl Susan Rahman, Bsc FCA (Senior Statutory Auditor) KWSR & Co. Chartered Accountants & Re8iStered Auditors 136 Merton High Street. London SW19 IBA 12
Dolphin School Trust Audited Statefflem5for the en4W 31 Au8uSt 2022 Statement of Financial Activities 2022 Unrestrirted Funds 2021 Unrestrirted Funds Notes INCOMING RESOURCES Incoming resources from generated funds Activities for generating f unds Investment income 15,411 2,988 90 Grant Income (Furlough) Incomin8 artivities 39,684 260,189 resources from charitsble School fee5 1,507.627 2,075,523 Total incoming resources 1,562,728 2,338,790 RESOURCES EXPENDED Cost of generating funds Charitable activities 1,877.547 2,135,415 Governance costs 11.969 12,279 Finance costs Total resources expended 1,889.516 2.147,694 NET INCOMING RESOURCES (326.788} 191,096 RECONCILIATION OF FUNDS Total brought forward TOTAL FUNDS CARRIED FORWARD 1,832,923 1,641,827 1.506,135 1,832,923 13
Dolphin School Trust AUdd Fina 5ts1ementsfty thear 31 AU1 2022 Balance Sheet 2022 2021 Note5 FIXED AssErs Intangible assets io 1.419 Tangible assets li 1.263,033 1,301,504 1,263,033 1,302.923 CURRENT ASSETS Debtors (amounts falling due within one 12 vearl Cash at bank and in hand 741,681 1,012,134 741.681 1.012,134 CREDITORS: Amounts falling due wlthin one year 13 221686 NET CURRENT ASSETS/(LIA8IUTIES} 519,995 751,145 TOTAL ASSETS LESS CURRENT LIABILITIES 1,783,028 2.054,068 CREDITORS: Amounts falling due after more than one year 14 276,893 221,145 NET ASSETS 1.506,135 1.832,923 CAPITAL AND RESERVES Unrestricted Funds 15 1,506.135 1.832,923 TOTAL FUNDS 1,506,135 1,832,923 The director5 acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of account5. 14
Dolphin School Trust Awjited FH)•1l Sts*ments fortheyearended 31 Au4U5t 2022 These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies, regime. Approved by the Board of Trustees on io th March 2023 and signed of their behalf by: Sian Gates, Chair 19th May 2023 15
Dolphin School Trust Awkne(l Fsnano¥ Ststemenistorihe yearended31 Au8USt 2022 Cash Flow Statement 2022 2021 Net income/ {expenditurel for the year Depreciation and impaiment of fixed assets 1326,7881 191,096 44,799 52,590 IAcquisitionlof f ixed assets {4.9091 Ilncreasel / decrease in debtors Increase / Idecreasel in creditors Net cash flow from operating activities 15,615 16,445 1172,4531 86.848 1270,453) Net increase I Idecreasel in cash and cash equivalents 270.4531 86.848 Cash and cash equivalents at the beginning of the year 1.012,134 925,286 Cash and cash equivalents at the end of the year 741.681 1,012,134 Cash and cash equivalents nsist of: Cash at bank and in hand 741,681 1.012,134 16
Dolphin School Trust Audffed Finan0& Statenyntsfty the ar 31 AIqu5t 20Z2 Notes to the Financial Statements Accounting Policies Accounting convention The financial statements have been prepared under the historical c05t convention and in accordance with the Financial Reporting Standard for Smaller Entries leffective April 281. the Companies Act 2006 and the requirements of Statement of Recommended Practice. Accounting and Reporting by charities. Incoming resources All incoming resources are included on Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. School fees are recognised when they are due on termly basi5 and adjustments are made to defer any fees paid in advance. Donations and other fund received by the school are recognised when this event takes place. Resources expended Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where cost cannot be directly attributed to he3dings they have been allocated to activities on a basis consistent with the use of resources. Goodwlll Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over the estimated useful life of twenty years. Tangible fixed assets Depreciation is provided at the following annual r3tes to write off each asset over the estimated useful life. Land and buildings In accordance with the property lease12% reducing balance) Plant and machinery etc. Furnitures & fittings 25% on reducing balance 15% on reducing balance Taxation The charity is exempt from corporation tax. 17
Dolphin School Trust Audited Finèw Siatementsfor the yeAr En¢bEd JIAU51 2022 Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee5. Restricted funds can be used for restricted purpose5 Wlth the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for restrirted purposes. Designated funds are funds set aside by the trustees out of unrestrirted general funds for specific future purposes or projerts. Activities for generating f unds 2022 2021 Other income and fund raising 15,411 2,988 15,411 2,988 Investment Income 2022 2021 Interest receivable 90 Grant Income 2022 2021 Furlough Grant 39,684 260,189 18
Dolphin School Trust Audrted Finant&al Staternentsforthepard 31 AU$r 2022 Incoming Sources f rom Charitable Activities 2022 2021 School Fees 1,507,627 2,075,523 Governance Costs 2022 2021 Audit and Accountancy Bank Charges Legal & Professional fees 10.800 10,815 1,019 988 150 476 11,969 12,279 Net Incoming/ (Outgoing) Resources Net resources are stated after charging/lcreditingl- 2022 2021 Depreciation- owned asset5 43.380 48,387 Gi)odwill amortisation 1,419 5,175 Trustees. Remuneration and Benefits There were no Trustees. remuneration or other benefits for the year ended 31 August 2022 nor forthe year ended 31 August 2021. 19
Dolphin School Trust Audited Fina51alerntnrj forlhe*¥ 3IAwu511021 Staff Costs 2022 2021 Wages. salaries & pensions 1,381.148 1,642,532 10. Intangible Fixed Assets Goodwill Cost At I September 2021 103,494 Amortisation At I September 2021 For the year At 31 August 2022 Net Book Value 102.075 1,419 103,494 At 31 August 2021 1,419 At 31 August 2022 0.00 20
Dolphin School Trust Audite(IFinanoa15rètew15 fUrthearendEd 31 Ats$t 2022 11. Tangible Fixed Assets land & Building5 Flxtures & Fittings Computer Equipment Total Cost At I September 2021 1.469.797 196,581 231.912 1,898,290 Additions 3,589 1.320 4,909 At 31 August 2022 1.469,797 2LI).170 233,232 1.903.199 Depreciation At I September 2020 260.609 153.626 182.551 596.786 Charge for the year 24,184 6.607 12,589 43.380 At 31 August 2021 284.793 160,233 195.140 640,166 Net Book Value At 31 August 2020 1,209,188 42.955 49,361 1,301,504 At 31 Aijgust 2021 1.185.(KJ4 39.937 38,092 1,263,033 12. Debtors 202Z 2021 Amounts falling due withln one year Trade debtors 21
Dolphin School Trust Audited Fif%inoal StstÈ[nent5fwthe1 aided 31A4uSt 2022 13. Creditors: Amounts falling due within one year 2022 2021 Taxation and social security Other creditors 55,220 31,837 166,466 184,283 Acceptance deposits 44,869 221,686 260.989 14. Creditors: Amounts falling due after more than one year 2022 2021 Bank loans more than 5 years by instalments Parental loans more than S years non- instalment Acceptance deposits 276,893 221,145 276.893 221.145 15. Movement in funds Brought Forward Incoming resources Outgoing resources Carried forward 2021 2022 Unrestricted funds 1,832,923 1.562,728 1.889.516 1,506,135 22
Dolphin School Trust Audited Ial5rarerneDtsforthÈPT jIAurto2l Detailed Statement of Financial Activities 2022 2021 INCOMING RESOURCES Activities for genefating funds Other income and fund raising 15,411 2,988 15,411 2,988 Investment income 90 Grant Income (Furlou8h) Incoming resources from charitable artivities School fees 39.684 260,189 1,507,627 2,075,523 Total incoming resources 1,562,728 2,388,790 23
Dolphin School Trust Audrted Than031 Ststemetttsforthe Year ended31A¥s1 2022 RESOURCES EXPENDED 2022 2021 Charitable activities Salarie5 and wages Class books, materials & activities 1,381,148 1,642.532 47,181 42,555 Staff costs 34,135 56,316 Office costs 12,607 18,238 Property costs 299,084 271,830 Marketin 21,173 9,561 IT Expenses 37.190 40,764 Donations 230 57 Amortisation of purchased goodwill Depreciation of short leasehold properties Depreciation of fixtures and fittings & computer equipment 1,419 5,175 24,184 24,677 19.196 23,710 1,877.547 2.135,415 GovernancÈ costs Audit & accountancy Barik charges Legal & professional fees 10.800 10,815 1,019 988 150 476 11.969 12,279 Finance costs Loan interest Total resources expended 1.889.516 2,147,694 24