#
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|Trustees||||||SE Bonell, Chair|SE Bonell, Chair|
|---|---|---|---|---|---|---|---|
|||||||J Brooks||
|||||||L A Harvey||
|||||||A Clarke||
|||||||J M Light||
|||||||H Moore||
|||||||W Telford||
|Headmaster||||||R
I Blewitt||
|Bursar and|||Company|Secretary||G Bond||
|Charity|Number|||||1163491||
|Company||Number||||09561129||
|Registered|||Office &|Principal|Address|140 High Street||
|||||||Lewes||
|||||||East Sussex||
|||||||BN7 1XS||
|Auditors||||||TC Group||
|||||||The Courtyard||
|||||||Shoreham|Road|
|||||||Upper Beeding||
|||||||Steyning||
|||||||West Sussex||
|||||||8N44 3TN||
|Bankers||||||Lloyds Banking Group||
|||||||82 High Street||
|||||||Lewes||
|||||||East Sussex||
|Solicitors||||||Mayo Wynne Baxter||
|||||||3 Bell Lane||
|||||||Lewes||
|||||||East Sussex||
|||||||BN7 1JU||
##
##
|||||Page|
|---|---|---|---|---|
|Chairman's|Statement||||
|Trustees'|Report (incorporating||the Strategic Report)||
|Statement|ofTrustees'|Responsibilities||16|
|Independent
Auditor's||Report||17|
|Statement|ofFinancial|Activities||21|
|Balance Sheet||||22|
|Cash Flow|Statement|||23|
|Notes to the Accounts||||24|
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|||Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|2023|2022|
||Notes|E|E||6|6|
|Incoming from:|||||||
|Donations
and legacies|5|10,304||16,710|27,014|14,974|
|Charitable
activities|6|9,785,210|||9,785,210|8,733,066|
|Investments|7|49,956|||49,956|12,125|
|Total income||9,845,470||16,710|9,862,180|8,760,165|
|Expenditure
on:|||||||
|Charitable
activities||9,513,862||18,338|9,532,200|8,117,938|
|Total expenditure||9,513,862||18,338|9,532,200|8,117,938|
|Net income / (expenditure)||331,608||(1,6281|329,980|642,227|
|Transfer between
funds|18||||||
|Net movement
in funds||331,608||(1,628)|329,980|642,227|
|Fund balances
brought forward||6,053,462|7,970|27,800|6,089,232|5,447,005|
|Fund balances carried forward|18|6,3S5,070|7,970|26,172|6,419,212|6,089,232|
##
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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Fixed assets|||||||||
|Intangible
assets||||11||12,575||12,575|
|Tangible assets||||12||12,715,884||12,620,076|
|||||||12,728,459||12,632,651|
|Current assets|||||||||
|Stocks|||||2,938||3,291||
|Debtors||||13|2,557,083||2,196,533||
|Cash at bank and|in|hand|||2,606,547||2,659,898||
||||||5,166,568||4,859,722||
|Creditors: amounts||falling due within one||14|(4,528,431)||(4,078,126)||
|year|||||||||
|Net current assets||||||638,137||781,596|
|Total assets less|current||liabilities|||13,366,596||13,414,247|
|Creditors: amounts
than one year||falling due after more||15||(6,947,384)||(7,325,015)|
|Net assets||||||6,419,212||6,089,232|
|Represented
by:|||||||||
|Restricted funds||||18||26,172||27,800|
|Unrestricted
funds||||18|||||
|General
funds|||||6,385,070||6,053,462||
|Designated
funds|||||7,970||7,970||
|||||||6,393,040||6,061,432|
|||||||6,419,212||6,089,232|
##
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|||Notes||2023
6||2022
6|
|---|---|---|---|---|---|---|
|Cash flows from operating|activities|20||919,739||1,471,051|
|Cash flows from investing|activities||||||
|Purchase oftangible
fixed|assets||(552,763)||(2,004,954)||
|Sale proceeds from fixed assets|||1,301||800||
|Interest received||7|49,956||12,125||
|Net cash from investing
activities||||(501,506)||(1,992,029)|
|Cash flows from financing|activities||||||
|Loan movement|||(224,924)||573,857||
|Interest payable|||(246,600)||(193,396)||
|||||(471,584)||380,461|
|Increase/(decrease)
in cash and cash
equivalents||||(53,351)||(140,517)|
|Cash and cash eq uivalents|at start ofyear|||2,659,898||2,800,415|
|Cash and cash equivalents|at end ofyear|||2,606,547||2,659,898|
|All cash is cash at ba nk and|in hand.||||||
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||||6|6|
|Depreciation|||||454,265|426,723|
|Stock|charged|as an expense|||353|533|
|Operating
lease payments|||||126,643|122,297|
|Auditors'
remuneration|||—audit|services|17,280|13,080|
|5.|Income|from donations||and legacies|||
||||||2023|2022|
||||||6|f|
|Other|donations||||27,014|14,816|
|Government||grants||||158|
||||||27p014|14,974|
##
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||6|E|
|Gross school fees||||||10,923,517|10,363,157|
|Bursaries, scholarships||and discounts||||(2,401,461)|(2,392,670)|
|Net school fees||||||8,522,056|7,970,487|
|School trips and|activities income|||||607,620|131,729|
|Catering and transport||income||||655,534|630,850|
|Income from charitable||activities||||9,785,210|8,733,066|
|7.
Investment|income|||||||
|||||||2023|2022|
|||||||6|E|
|Interest received||||||49,956|12,125|
|8.
Total expenditure||||||||
||||Staff costs|Depreciation|Other|Total|Total|
||||6|6|Costs|2023|2022|
||||||6|6|E|
|Charitable
activities||||||||
|Teaching costs|||4,415,675||987,585|5,403,260|4,607,747|
|Welfare costs|||414,589|18,945|736,319|1,169,853|944,575|
|Premises costs|||272,485|375,437|932,560|1,580,482|1,342,607|
|Supper't costs|||759,525|59,883|501,049|1,320p457|1,168,823|
|Total charitable|activities||5,862,274|454,265|3,157,513|9,474,052|8,063,752|
|Expenditure
on governance|||32,565||25,583|58,148|54,186|
|Total expenditure|||5,894,839|454,265|3,183,096|9,532,200|8,117,938|
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||||Number|Number|
|Teachers|||||116|108|
|Finance|||||4|4|
|Maintenance|||||11|12|
|Administration||(including|transport)||28|10|
|Catering|||||9|9|
|IT|||||3|4|
||||||171|147|
|The average|FTE number||ofemployees|during the year was as follows:|||
||||||2023|2022|
||||||Number|Number|
|Teachers|||||94|90|
|Finance|||||4|4|
|Maintenance|||||9|9|
|Administration||(including|transport)||20|8|
|Catering|||||6|5|
|IT|||||3|2|
||||||136|118|
|Employment||costs|||||
||||||2023|2022|
||||||E|E|
|Wages and salaries|||||5,058,800|4,390,578|
|Social security||costs|||488,348|428,023|
|Other pension||costs|||347,691|288,294|
||||||5,894,839|5,106,895|
##
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|2023|2022|
|---|---|
|Number|Number|
##
|Cost|School Crest|
|---|---|
||f|
|At 1September 2022|12,575|
|At 31August 2023|12,575|
|Net book value||
|At 31August 2023|12,575|
|At 31August 2022|12,575|
##
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||Freehold|Motor|Fixtures,|Total|
|---|---|---|---|---|
|Cost|property|Vehicles|fittings &||
||||equipment||
||6|6|6|6|
|At 1September 2022|13,499,816|122,418|2,289,087|15,911,321|
|Additions|46,748||506,015|552,763|
|Disposals|||(14,763)|(14,763)|
|Transfer|(220,351)||220,351||
|At 31August 2023|13,326,213|122,418|3,000,690|16,449,321|
|Depreciation|||||
|At 1September 2022|1,851,389|94,446|1,345,410|3,291,245|
|Charge for the year|179,615|6,993|267,657|454,265|
|Eliminated
on disposal|||(12,073)|(12,073)|
|Transfer|||||
|At 31August 2023|2,031,004|101,439|1,600,994|3,733,437|
|Net book value|||||
|At 31August 2023|11,295,209|20,979|1,399,696|12,715,884|
|At 31August 2022|11,648,427|27,972|943,677|12,620,076|
##
|13. Debtors||||
|---|---|---|---|
|||2023|2022|
|Trade debtors||2,310,109|2,027,278|
|Prepayments|and accrued income|205,931|144,365|
|Other debtors||41,043|24,890|
|||2,557,083|2,196,533|
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|14. Creditors: amou|nts
falling due within one year|||
|---|---|---|---|
|||2023|2022|
|||6|f|
|Bankloans||264,228|271,459|
|Feesin advance||460,133|484,736|
|Trade creditors||212,757|142,174|
|Taxes and social security costs||128,791|102,306|
|Other creditors||114,105|84,595|
|Accruals and deferred|income|3,348,417|2,992,856|
|||4,528,431|4,078,126|
|||2023|2022|
|---|---|---|---|
|||6|E|
|Bankloans||5,644,360|5,862,113|
|Fees in advance||951,424|1,127,005|
|Pupil deposits||351,600|335,897|
|||6,947,384|7,325,015|
|included
within the above are amounts|falling due as follows:|||
|||2023|2022|
|||6|6|
|Between one and two years||||
|Bankloans||264,228|271,459|
|Between two and five years||||
|Bankloans||1,037,147|1,200,258|
|Over five years||||
|Bankloans||4,607,213|4,661,855|
##
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||||Movement
in Funds|Movement
in Funds|||
|---|---|---|---|---|---|---|
|||Balance at
1September
2022|Incoming
Resources|Resources
Expended|Transfers|Balance at
31August
2023|
|Unrestricted
funds|||||||
|Designated
funds:|||||||
|Morocco fund||7,970||||7,970|
|||7,970||||7.970|
|General reserves||6,053,462|9,845,470|(9,513,862)||6,385,070|
|||6,061,432|9,845,470|(9,513,862)||6,393,040|
|Restricted funds:|||||||
|Music & Drama fund||5,219|888|(266)||5,841|
|Sport fund||4,704|195|(135)||4,765|
|Design 8 Technology|fund|5,575|350|(200)||5,725|
|PTA fund|||14,025|(14,025)|||
|Fairview fund||9,246||||9,246|
|Dowley fund||556||(556)|||
|Cameron Moore fund||1,500|1„252|(2,158)|||
|UK Germany
Connection||1,000||(1,000)|||
|||27,800|16,710|(18,338)||26,172|
|Total funds||6,089,232|9,862,180|(9,532,200)||6,419,212|
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|18. Analysis of n|et ass|ets be|tween
funds|||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||funds|funds||
||||||6|6||
|Fund balances at 31August 2023are represented||||by:||||
|Tangible fixed assets|||||12,715,884||12,715,884|
|Intangible
fixed assets|||||12,575||12,575|
|Current assets|||||5,140,396|26,172|5,166,568|
|Creditors: amounts|falling due||within one year||(4,528,431)||(4,528,431)|
|Creditors: amounts|falling due||in more than one year||(6,947,384)||(6,947,384)|
||||||6,393,040|26,172|6,419,212|
||||||Unrestricted|Restricted|Total|
||||||funds|funds||
||||||f|6||
|Comparative
Fund|balances at||31August 2022 are|||||
|represented
bv:||||||||
|Tangible fixed assets|||||12,620,076||12,620,076|
|Intangible
fixed assets|||||12,575||12,575|
|Current assets|||||4,831,922|27,800|4,859,722|
|Creditors: amounts|falling due||within one year||(4,078,126)||(4,078,126)|
|Creditors: amounts|falling due||in more than one year||(7,325,015)||(7I325(015)|
||||||6,061,432|27,800|6,089,232|
|20. Net cash inflow/(outflow)|||from operating|activities||||
|||||||2023|2022|
|Reconciliation
to changes||in resources||||6|6|
|Net income||||||329,980|642,227|
|Interest received||||||(49,956)|(12,125)|
|Interest
paid||||||246,600|193,396|
|Depreciation
oftangible||fixed assets||||454p265|426,723|
|loss on disposal of|fixed assets|||||1,389|28,744|
|(Increase)/decrease|in stocks|||||353|(533)|
|(Increase)/decrease|in debtors|||||(360,550)|(41,312)|
|Increase/(decrease)|in creditors|||||297,658|233,931|
|||||||919,739|1,471,051|
##
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|||At 1
September
2022|Cash flows|At 31August
2023|
|---|---|---|---|---|
|||6|f|6|
|Cash|at bank and in hand|2,659,898|(53,351)|2,606,547|
|Debt|due within 1year|(271,459)|7,231|(264,228)|
|Debt|due after 1year|(5,862,113)|217,753|(5,644,360)|
|||(3,473,674)|171,633|(3,302,041)|
##
||Land &Buildings||Other||
|---|---|---|---|---|
||2023|2022|2023|2022|
|Expiry date:|||||
|Within one year|34,000|34000|123,323|123,190|
|Between two and five years|19,841|53,841|48,727|169,134|
##
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||||Unrestricted|Designated|Rest Acted|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|2022|
||||E|E|E|E|
|Incoming from:|||||||
|Donations
and legacies|||301||14,673|14,974|
|Charitable
activities|||8,733,066|||8,733,066|
|Investments|||12,125|||12,125|
|Total income|||8,745,492||14,673|8,760,165|
|Expenditure
on:|||||||
|Charitable
activities|||8,110,672||7,266|8,117,938|
|Total expenditure|||8,110,672||7,266|8,117,938|
|Net income / (expenditure)|||634,820||7,407|642,227|
|Transfer between
funds|||13,038||(13,038)||
|Net movement
in funds|||647,858||(5,631)|642,227|
|Fund balances
brought|forward||5,405,604|7,970|33,431|5,447,005|
|Fund balances carried forward||16|6,053,462|7,970|27,800|6,089,232|