2023-08-31-accounts

Governors,OfficersandAdvisers	3-4
Governors’Report(includingStrategicReport)	5-28
StatementofGovernors’Responsibilities	29
ReportoftheindependentAuditortotheGovernors	30-33
ConsolidatedStatementofFinancialActivities	34
ConsolidatedandSchoolBalanceSheets	35
ConsolidatedStatementofCashFlows	36
StatementofAccountingPolices	37-10
NotestotheFinancialStatements	41-60

		2023	2022
Totalenergyusagefromelectricityconsumption:	1,083,954kwh		1,073,773kwh
Totalenergyusagefromgasconsumption:	2,551,274kwh		3,029,102kwh
Totalemissionsthroughuseofpurchasedelectricity:	224,459	KgCO2e	207,646KgCO2e
Totalemissionsthroughcombustionofgas:	510,255	KgCO2e	552,932KgCO2e
Totalemissionsfromfuelconsumptionontransportfleet	82,215	KgCO2e	105,383KgCO2e
TotalGrossemission	819,929	KgCO2e	865,961KgCO2e
Intensityratio(KgCO2eper pupil)	896.10		1,018.78

	Notes	Unrestricted	Funds	Restricted	TotalFunds		TotalFunds
				Funds
		Revenue	Revaluation		2023		2022
		£		£	£		£
INCOME
Charitableactivities
Schoolfees Othereducationalincome Ancillarytrading Othertradingactivities Investmentincome Donationsandlegacies Otherincome	NNN NN DN	15,048,935 143,426 1,826,695 112,838 24,132 175 12,359	: : - - - - :	- - - - 94 137,974 14,066	15,048,935 143,426 1,826,695 112,838 24,226 138,149 26,425		13,806,484 209,770 1,335,848 256,851 745 41,192 10,424
Totalincome		17,168,559	:	152,134	17,320,693		15,661,314
EXPENDITURE
Raisingfunds		610,219	-	229	610,448		696,592
Charitableactivities		16,373,142	-	84,955	16,458,097		14,705,775
Totalexpenditure	4	16,983,361	-	85,184	17,068,545		15,402,367
NetIncomebefore
investmentlosses		185,198	-	66,950	252,148		258,947
Netlossesoninvestments	7	-	-	(1,526)	(1,526)		(1,981)
NETINCOME		185,198	.	65,424	250,622		256,966
Transfers	13b	(43,487)	:	43,487		.		.
NETMOVEMENTINFUNDS		141,711	-	108,911	250,622		256,966
FundsBalancesCarriedForward	at1
September2022	13	3,524,317	15,622,374	2,644,880	21,791,571		21,534,605
FundBalancesCarried
Forwardat31August2023	13	3,666,028	15,622,374	2,753,791	22,042,193		21,791,571

		Group			Charity
	Notes	2023	2022	2023		2022
		£	£	£		£
FIXEDASSETS:
Intangibleassets	5	13,705	18,016	13,705		18,016
Tangibleassets	6	27,335,514	27,317,171	24,659,509		24,571,698
Investments	7	116,180	67,935	-		-
		27,465,399	27,403,122	24,673,214		24,589,714
CURRENTASSETS:
Stock		20,786	18,783	20,786		18,784
Debtors	8	739,531	664,405	758,424		772,719
Cashatbankandinhand		2,622,250	1,762,558	2,369,265		1,523,427
		3,382,567	2,445,746	3,148,474		2,314,930
LIABILITIES:
Creditors:duewithinoneyear	9	(6,080,197)	(5,294,250)	(6,111,139)		(5,310,127)
NETCURRENTLIABILITIES		(2,697,630)	(2,848,504)	(2,962,665)		(2,995,197)
TOTALASSETSLESS
CURRENTLIABILITIES		24,767,769	24,554,618	21,710,549		21,594,517
Creditors:dueafteroneyear	10	(2,725,576)	(2,763,047)	(2,801,576)		(2,877,047}
TOTALNETASSETS		22,042,193	21,791,571	18,908,973		18,717,470
RESTRICTEDFUNDS	13a	2,753,791	2,644,880	11,902		28,210
UNRESTRICTEDFUNDS	13b
Revenuereserves		3,666,028	3,524,317	3,080,862		2,873,051
Revaluationreserve		15,622,374	15,622,374	15,816,209		15,816,209
TOTALFUNDS		22,042,193	21,791,571	18,908,973		18,717,470

	Note	2023	2022
		f	£
Cash flowsfromoperatingactivities:
Netcashprovidedbyoperatingactivities	18	2,529,766	2,120,280
Cashflowsfrominvestingactivities
Purchaseoftangiblefixedassets		(1,034,522)	(456,691)
Investmentmanagementfees		-	(84)
Proceedsfromsaleofinvestments		2,333	6,000
Purchaseofinvestments		(50,000)	(70,000)
Investmentincomereceipts		24,225	745
Netcashusedbyinvestingactivities		(1,057,964)	(520,030)
Cashflowsfromfinancingactivities
Repaymentofloan		(216,801)	(213,348)
Receiptsfromnewadvancefeecontracts		538,912	1,256,745
Advancefeesrepaid		(54,699)	(33,627)
Advancefeesutilised		(812,708)	(643,274)
Interestpaid		(66,814)	(61,802)
Netcash(usedby)/providedbyfinancingactivities		(612,110)	304,694
Changeincashandcashequivalentsintheyear		859,692	1,904,944
Cashandcashequivalentsatthebeginningoftheyear	19	1,762,558	(142,386)
Cashandcashequivalentsattheendoftheyear	19	2,622,250	1,762,558

Permanentfreeholdbuildings	10-50years
Motorvehicles	4-10years
Furnitureandequipment	5-15years
Computerequipment	2-5years

	FEES
		2023	2022
		E	£
Fees	receivableconsistof:
Fees:	Day	9,823,191	8,003,026
	Boarding	5,831,411	6,172,594
	PrepSchool	1,973,144	1,882,667
		17,627,746	16,058,287
Less:	Scholarshipsandfeeremissions	(2,578,811)	(2,251,803)
		15,048,935	13,806,484

OTHERINCOME
	2023	2022
	£	£
Othereducationalincome
MusicLessons	115,050	174,209
ExtraEnglishtuition	28,376	35,561
	143,426	209,770
Ancillarytrading
Schoo!trips	303,915	102,654
Schoolmeals	400,471	333,639
Transportcharges	340,785	272,526
Otherpupilcharges	309,303	220,209
Entranceandregistrationfees	34,064	33,309
Feesinlieu	89,177	74,634
Cafe37	80,357	61,255
Events	-	22,627
Otherancillaryincome	268,623	214,995
	1,826,695	1,335,848
Othertradingactivities
WellingtonSchoolSomersetTradingCompany	112,838	56,864
Rentsreceivable	-	-
Overseasfranchiseincome	-	199,987
	112,838	256,851
Investment income
Listedinvestments(allwithinthe UK)	94	2
Bankandotherinterest	24,131	743
	24,225	745

		2023	2022
		£	£
	Donations
	Donations	138,149	41,192
		138,149	41,192
	Otherincome
	CCFGrants	14,066	4,187
	OldWellingtonSubscriptions	12,359	6,237
		26,425	10,424
3	EXPENDITURE
	Netincomeisstatedaftercharging:	2023	2022
		£	£
	Depreciation	719,116	777,303
	Depreciation— financeleases	294,666	152,059
	Amortisation	4,311	4,311
	Auditors'remuneration:
	Auditofthecharity	22,856	19,879
	Auditofthesubsidiaries	6,844	5,953
	Taxservices	3,990	3,100
	Operatingleasecharges	121,298	316,404
	Interestonbankloans	57,121	61,802
		2023	2022
	Totalstaffcosts:	£	£
	Wagesandsalaries	7,456,021	6,920,762
	Socialsecuritycosts	656,266	616,179
	Pensioncontributions	813,642	765,289
		8,925,929	8,302,230

	2023	2022
	No	No.
£60,000- £70,000	12
£110,001- £120,000	1	1
Thenumberwithretirementbenefitsaccruingwere:
Definedcontributionpensionschemes	13	9
Contributionstodefinedcontributionpensionschemes	£144,646	£110,188

			Depreciation
			and	Total	Total
	StaffCosts	Other	amortisation	2023	2022
	£	£	£	£	£
Raisingfunds
Financingcosts	-	379,179	-	379,179	313,378
TotalforCharity	-	379,179	-	379,179	313,378
Tradingcostsofsubsidiary	18,220	145,751	67,069	231,040	383,130
Investmentmanagement	-	229	-	229	84
TotalforGroup	18,220	525,159	67,069	610,448	696,592
Charitableactivities
Teachingcosts	6,296,731	2,186,731	34,248	8,517,710	7,675,338
Welfare	389,706	1,619,883	18,361	2,027,950	1,886,425
Premises	762,637	1,330,778	640,284	2,733,699	2,855,802
Supportcostsofschooling	1,447,216	1,425,911	258,132	3,131,259	2,270,190
TotalforCharity	8,896,290	6,563,303	951,025	16,410,618	14,687,755
SupportcostsofFoundation	11,419	36,060	-	47,479	18,019
TotalforGroup	8,907,709	6,599,363	951,025	16,458,097	14,705,775
TOTALEXPENDITURE
Charity	8,896,290	6,942,482	951,025	16,789,797	15,001,133
Group	8,925,929	7,124,525	1,018,094	17,068,545	15,402,367

5	INTANGIBLEFIXEDASSETS
	GroupandCharity
	Cost
	1September2022
	31August2023
	Amortisation
	1September2022
	Chargefortheyear
	31August2023
	NetBookValues
	31August2023	13,705
	31August2022	18,016

Group	Freehold	Assetsin	Furniture
	Landand	thecourseof	and	Motor
	Buildings	construction	Equipment	Vehicles	Total
	£	£	£	£	£
Cost
1September2022	30,932,698	4,770	3,331,553	119,216	34,388,237
Additions	-	109,562	866,160	58,800	1,034,522
Transfers	-	(74,342)	74,342	-	-
Disposals	-	-	(202,409)	-	(202,409)
31August2023	30,932,698	39,990	4,069,646	178,016	35,220,350
Depreciation
1September2022	5,179,013	-	1,793,441	98,612	7,071,066
Chargefortheyear	532,385	-	462,696	18,702	1,013,783
Disposals	-	-	(200,013)	-	(200,013)
31August2023	5,711,398	-	2,056,124	117,314	7,884,836
NetBookValues
31August2023	25,221,300	39,990	2,013,522	60,702	27,335,514
31August2022	25,753,685	4,770	1,538,112	20,604	27,317,171

6	TANGIBLEFIXEDASSETS(CONTINUED)	TANGIBLEFIXEDASSETS(CONTINUED)
	Charity	Freehold	Assetsin		Furniture
		Landand	thecourseof		and	Motor
		Buildings	construction		Equipment	Vehicles	Total
		£	£		£	£	£
	Cost
	1September2022	27,625,407	4,770		3,124,528	119,216	30,873,921
	Additions	-	109,562		866,160	58,800	1,034,522
	Transfers		(74,342)		74,342	-	-
	31August2023	27,625,407	39,990		4,065,030	178,016	31,908,443
	Depreciation
	1September2022	4,612,950		-	1,590,660	98,613	6,302,223
	Chargefortheyear	466,239		-	461,770	18,702	946,711
	31August2023	5,079,189		-	2,052,430	117,314	7,248,934
	NetBookValues
	31August2023	22,546,218	39,990		2,012,599	60,702	24,659,509
	31August2022	23,012,457	4,770		1,533,868	20,603	24,571,698

INVESTMENTS
				Total	Total
				2023	2022
Group				£	£
MarketValueat1 September				67,935	-
Purchasesatcost				50,000	70,000
Managementfees				(229)	(84)
Decreaseinmarketvalue				(1,526)	(1,981)
MarketValueat31August				116,180	67,935
ListedonStockExchange				116,039	67,935
Cashheldforreinvestment				141	-
8 DEBTORS
		Group		Charity
	2023		2022	2023	2022
	E		£	£	£
Fees	77,218		81,739	77,218	81,739
Extras	238,156		261,784	238,156	261,784
Prepayments	300,618		303,341	300,619	299,867
Sundrydebtors	123,539		17,541	78,090	1,603
Amountsowedbygroupundertakings	-		-	64,341	127,726
	739,531		664,405	758,424	772,719

	Group				Charity
	2023	2022		2023		2022
	£	£		£		£
Bankloans(seenote10)	140,271	216,800		140,271		216,800
Feesreceivedinadvancefor
Autumnterm	2,849,178	2,471,572		2,849,178		2,471,572
Tradecreditors	674.834	420,331		647,217		409,547
Accruals& OtherCreditors	496,864	520,635		491,401		500,296
StudentDeposits	899,942	841,454		899,942		841,454
Taxationandsocialsecurity	226,740	185,491		210,333		185,491
Amountsowedtogroup
undertakings	-		-	80,429		47,000
	5,287,829	4,656,283		5,318,771		4,672,160
Advancefees(seenote11)	792,368	637,967		792,368		637,967
	6,080,197	5,294,250		6,111,139		5,310,127

	Group				Charity
	2023	2022		2023		2022
	£	£		£		£
Bankloans	1,035,313	1,175,584		1,035,313		1,175,584
Advancefees(seenote11)	1,197,554	1,484,075		1,197,554		1,484,075
OtherCreditors	492,709	103,388		492,709		103,388
Otherloans	-		-	76,000		114,000
	2,725,576	2,763,047		2,801,576		2,877,047
ankloanmaturitystatement
GroupandSchool				2023		2022
				£		£
Within1 year				140,271		216,800
Within1 to2 years				94,026		140,271
Within2 to5 years				306,116		293,757
After5 years				635,171		741,556
				1,175,584		1,392,384

GroupandSchool	2023	2022
	£	£
Within1 year	792,368	637,967
Within1 to2 years	551,085	586,559
Within2 to5 years	636,220	873,063
After5 years	10,249	24,453
	1,989,922	2,122,042

GroupandSchool	2023	2022
	£	£
At1 September	2,122,042	1,420,287
Newcontracts	538,912	1,256,745
AmountsutilisedinpaymentoffeestotheSchool	(812,708)	(643,274)
Discountsapplied	196,375	121,911
Amountsrefunded	(54,699)	(33,627)
At 31August	1,989,922	2,122,042
12 SECUREDDEBTS
Thefollowingsecureddebtsareincludedwithincreditors:
	2023	2022
	£	£
Bankloans	1,175,584	1,392,384

2023
	Fixed		NetCurrent	LongTerm	Total
	Assets		Liabilities	Liabilities	2023
Group	£		£	£	£
RestrictedFunds	2,860,215		(106,424)	-	2,753,791
UnrestrictedFunds	24,605,184		(2,591,206)	(2,725,576)	19,288,402
	27,465,399		(2,697,630)	(2,725,576)	22,042,193
Charity	£		£	£	£
Restrictedfunds	-		11,902	-	11,902
Unrestrictedfunds	24,673,214		(2,974,567)	(2,801,576)	18,897,071
	24,673,214		(2,962,665)	(2,801,576)	18,908,973
2022
	Fixed		NetCurrent	LongTerm	Total
	Assets		Liabilities	Liabilities	2022
Group	£		£	£	£
RestrictedFunds	2,860,215		(215,335)	-	2,644,880
UnrestrictedFunds	24,542,907		(2,633,169)	(2,763,047)	19,146,691
	27,403,122		(2,848,504)	(2,763,047)	21,791,571
Charity
Restrictedfunds		-	28,210	-	28,210
Unrestrictedfunds	24,589,714		(3,023,407)	(2,877,047)	18,689,260
	24,589,714		(2,995,197)	(2,877,047)	18,717,470

	Balance					Balance
	1September					31August
				Investment
	2022.	~+Income_	Expenditure	Gains	Transfers	2023
	£	£	£	£	£	£
PassmoreMemorialFund	1,268	-	-	-	-	1,268
HardshipFund	20,003	600	(19,219)	-	:	1,384
WellingtonSchool1837
otherrestrictedfunds	6,939	20,567	(18,257)	-	-	9,249
TheWellingtonSchool
Foundation	2,616,670	130,967	(47,708)	(1,526)	43,487	2,741,890
	2,644,880	152,134	(85,184)	(1,526)	43,487	2,753,791

	Balance					Balance
	1September					31August
				Investment
	2021	Income	Expenditure	Gains	Transfers	2022
	£	£	£	£	£	£
Passmore MemorialFund	1,268	-	-	-	-	1,268
HardshipFund	29,403	100	(9,500)	-	-	20,003
WellingtonSchool1837
otherrestrictedfunds	8,576	8,396	(10,033)	-	-	6,939
TheWellingtonSchool
Foundation	2,549,843	35,035	(18,102)	(1,981)	51,875	2,616,670
	2,589,090	43,531	(37,635)	(1,981)	51,875	_—-2,644,880

	Balance				Balance
	31August				31August
	2022	Income	__Expenditure	Transfers	2023
Group	£	£	£	£	£
Revenuereserve	3,456,642	17,055,721	(16,818,467)	(96,714)	3,597,182
Revaluationreserve	15,622,374	-	>	-	15,622,374
Foundationsubsidiary	42,959	-	-	-	42,959
Tradingsubsidiary	24,716	112,838	(164,894)	53,227	25,887
	19,146,691_ 17,168,559		(16,983,361)	(43,487)	~—_—-19,288,402
Charity
Revenuereserve	2,873,051	17,264,847	(17,057,036)	-	3,080,862
Revaluationreserve	15,816,209	-	-	-	15,816,209
	18,689,260	17,264,847	(17,057,036)	-	18,897,071

	Balance				Balance
	1September				31August
	2021	income	Expenditure	Transfers	2022
Group	£	£	£	£	£
Revenuereserve	3,250,298	15,568,257	(15,047,747)	(314,166)	3,456,642
Revaluationreserve	15,622,374	-	-	-	15,622,374
Foundationsubsidiary	42,959	-	-	-	42,959
Tradingsubsidiary	29,884	49,526	(316,985)	262,291	24,716
	18,945,515	15,617,783	(15,364,732)	(51,875)	19,146,691
Charity
Revenuereserve	2,599,091	15,809,721	(15,535,761)	-	2,873,051
Revaluationreserve	15,816,209	-	-	-	15,816,209
	18,415,300	15,809,721	(15,535,761)	=	18,689,260

	Group		Charity
	2023	2022	2023	2022
	£	£	£	£
Within1 year	119,970	307,433	291,303	234,578
Between1 to5 years	170,351	248,798	855,679	213,221
After5 years	-	12,314	685,328	12,314

		Group		Charity
		2023	2022	2023	2022
		£	£	£	£
Within1 year		117,292	98,621	117,292	98,615
Between1	to5 years	492,709	86,602	492,709	86,596
After5 years		-	16,792	-	16,792

BalanceSheet	2023	2022
	£	£
Fixedassets	923	4,244
Currentassets	130,732	170,438
Currentliabilities	(108,364)	(151,438)
Longtermliabilities	-	-
	23,291	23,244
Calledupsharecapital	6	6
Reserves	23,285	23,238
	23,291	23,244
ProfitandLossAccount	2023	2022
	£	£
Turnover	240,522	451,364
Directcostsandadministrativeexpenses	(200,946}	(333,577)
	39,576	117,787

BalanceSheet	2023	2022
	£	£
Fixedassetinvestments	2,976,395	2,928,150
Currentassets	324,132	250,577
Currentliabilities	(5,463)	(8,883)
	3,295,064	3,169,844
Restrictedfunds	3,252,105	3,126,885
Unrestrictedfunds	42,959	42,959
	3,295,064	3,169,844
StatementofFinancialActivities	2023	2022
	£	£
Income	307,999	187,356
Expenditure	(181,253)	(118,550)
Investmentgains	(1,526)	180,234
Netincomeandmovementinfunds	125,220	249,040

	2023	2022
	£	£
NetIncome	250,622	256,966
Netinterestexpense	263,189	183,713
Lossoninvestments	1,526	1,981
Investmentincome	(24,225)	(745)
Investmentmanagementfee	229	84
Depreciationcharges	1,013,782	929,361
Amortisationcharges	4,311	4,311
Loss/(profit)ondisposaloffixedassets	64	(2,675)
(Increase)instocks	(2,002)	(8,924)
(Increase)indebtors	(75,126)	(112,659)
Increaseincreditors	1,097,396	868,867
Netcashprovidedbyoperatingactivities	2,529,766	2,120,280

			2023	2022
			£	£
Cashat	bankandin	hand	2,622,250	1,762,558

		Balance			Balance
	1	September		Newfinance	31August
		2022	Cashflows	leases	2023
		£	£	£	£
Cashatbankandinhand		1,762,558	859,694	-	2,622,252
Loansfallingduewithinoneyear		(216,801)	76,530	-	(140,271)
Loansfallingdueaftermorethanoneyear		(1,175,583)	140,270	-	(1,035,313)
Financeleaseobligations		(202,010)	70,337	(478,328)	(610,001)
		(1,594,394)	287,137	(478,328)	(1,785,585)
		168,164	1,146,831	(478,328)	836,667

	Unrestricted	Funds	Restricted	TotalFunds
			Funds
	Revenue	Revaluation		2022
	£	£	£	£
INCOME
Charitableactivities
Schoolfees	13,806,484	*	-	13,806,484
Othereducationalincome	209,770	-	.	209,770
Ancillarytrading	1,335,848	-	-	1,335,848
Othertradingactivities	256,851	-	-	256,851
Investmentincome	743	-	2	745
Donationsandlegacies	1,850	-	39,342	41,192
Otherincome	6,237	-	4,187	10,424
Totalincome	15,617,783	-	43,531	15,661,314
EXPENDITURE
Raisingfunds	696,508	-	84	696,592
Charitableactivities	14,668,224	-	37,551	14,705,775
Totalexpenditure	15,364,732	:	37,635	15,402,367
Netincome/(expenditure)before
investmentlosses	253,051	-	5,896	258,947
Netlossesoninvestments	-	-	(1,981)	(1,981)
NETINCOME/(EXPENDITURE)	253,051	-	3,915	256,966
Transfers	(51,875)	.	51,875		.
NETMOVEMENTINFUNDS	201,176	-	55,790	256,966
FundsBalancesCarriedForwardat1
September2021	3,323,141	15,622,374	2,589,090	21,534,605
FundBalancesCarried
Forwardat31August2022	3,524,317	15,622,374	2,644,880	21,791,571