2023-08-31-accounts

Mrs	HF Jeys		Head Mistress			(Appointed	01/09/20)
Mrs	A Goddard		Deputy Head Mistress			(Appointed	01/09/16)
Mrs	J Hodson		Deputy Head Mistress			(Appointed	01/09/16)
Mrs	SNorton		Assistant Head			(Appointed	01/01/15)
Mrs	SGibbons		Head ofPreparatory	Department		(Appointed	01/09/21)
Ms	EA Smith		Director ofFinance	and Operations		(Resigned	31/10/23)
Mrs	Z Kosar-Ahmed		Development &Marketing		Director	(Appointed	20/05/22)
Ms	RFairgrieve		Director ofFinance	and Operations		(Appointed	18/09/23)
Mr	Robert Crumpton		Director of 6n Form			(Appointed	01/09/23)
Co	m pany secretary:
Ms	EA Smith	Director ofFinance and Operations				(Appointed	04/01/22)
						(Resigned	31/10/23)
Clerk to the Governors
Mrs	S Sutton	Clerk	to the Governors &	HR Admin		(Appointed	05/09/1 8)

			(13Month P	eriod)
						Total
	)votes	Unrestricted Funds	Unrestricted Designated Funds	Restricted FundsI	Endowment FundsI	31August 2023I	31July 2022 I
Income
Donations and legacies		60,888				60,888	34,704
Other trading activities		104,168				104,168	96,476
Investmentincome		58,424		12,016		70,440	8,014
Income from charitable
acti viti es		12,505,973				12,505,973	11,943,902
Other	4	28,410				28,410	27,306
Total income		12,757,863		12,016		12 769879	12,110,40Z
Expenditure on
Cost ofraising funds	7	116,002				116,002	93,743
Expenditure on charitable
activiti es		12,939,159		1,9I50	161,921	13,063,277	11,619,452
Expenditure on other
trading and activities		36,431				36,431	63,282
Total		13,091,592		1,960	161,921	13,255,473	11,776,477
Netincome/
(expenditure) before gains
and losses on investments		(333,729)		10,056	(161,921)	(485,594)	333,925
Net gains on investments				(2,471)	(4,667)	(7,138)	(3,139)
ivet Inconie/(expenditure)
and movementsin funds		333,729		7,585	166,588	492,732
Reconciliation offunds
Totalfunds brought	15, 16
forward	k 17	4,489,056	72,155	175,555	7,679,059	12,415,825	12,085,039
Totalfunds carried
forward		4,155,327	72,155	183,140	7,512,471	11,923,093	12,415,825

								31August
							Notes	2023	31July 2022
Fixed Assets
Tangible fixed assets								9,730,482	9,513,157
Investments	at market		value				10	276,405	283,543
					Total fixed	assets		10,006,887	9,796,700
urrent Assets
Debtors							12	554,052	294,446
Cash at bank	and in	hand						3,403,486	4,201,796
					Total current	assets		3,957,538	4,496)242
Liabilities
Creditors: Amounts		falling due within one year						(1,995,654)	(1,590,952)
Net current	assets							1,961,884	2,905,290
Total assets	less current			liabilities				11,968,771	12,701,990
~irs: Amounts			falling due after one year				14	(45,678)	(286,165)
Net Assets								11,923,093	12,415,825
The funds ofthe chari
Unrestricted	funds							4,155,327	4,489,056
Unrestricted	designated			funds			15	72,155	72,155
Restricted funds							16	183,140	175,555
Endowment	funds						16	7,512,471	7,679,059
~Tt I1 d							17	11,923,093	12,415,825
Approved on	behalf ofthe Board ofGovernors				on (3+	March	2024

						Notes	31August 2023	31July
								2022
Cash flows from operating activities:
Net cash provided by operating activities						a)	306,219	1,104,243
Cash flows from in vesting activitiest
Purchase ofproperty, plant and equipment							(891,685)	(308,735)
Net cash provided by operating and	investing		activities				(585,466)	795,508
Cash Jlows from financing activities:
Dividends, interest snd rents from investments							70,440	8,014
Repayments ofbon owing							(283,284)	(213,744)
Net cash used in financing activities							(212,844)	(205,730)
Change in cash and cash equivalents	in the reporting			period			(798,310)	589,778
Cash and cash equivalents at the beginning		of	the reporting		period		4,201,796	3,612,018
Cash and cash equivalents at the end	ofthe	reporting		period		b)	3,403,486	4,201,796
Notes on the Cashflow Statement
a) Reconciliation ofchan es in resources to net							31August 2023	31July
								2022
cash inflow from o ratin activities
Net income/(loss)							(492,732)	330,786
Net gains from investments							7,138	3,139
Depreciation							674,360	655,585
Dividends, interest and rents from	investments						(70,440)	(8,014)
Increase in debtors							(259,608)	(24,155)
Increase in creditors							447,501	146,902
Net cash inflow from operating activities							306,219	1104243
b) Anal sisof chan esin net funds							31August 2023	31July
								2022
Cash in hand							3,403,486	4,201,796
Total cash and cash equivalents							3,403,486	4,201,796

c) Re	con ilia n ofnet debt
		1 August
		2022	Cashflow	31 August 2023
			g
Cash	in hand and at bank	4,201,796	(798,310)	3,403,486
Bank	loan due in less than one year	(220,735)	42,748	(177,987)
Bank	loan due in greater than one year	~286 165	240487	L445678
				3 179821

			Total	Total
			31August	31July
			2023	2022
School fees
The school's fee income		comprised:
Gross fees			12,857,434	12,285,555
Less: Total bursaries,	grants and allowances		351461	341653
			12,505,973	11,943,902
Ad&1:
Bursaries and scholarships		paid for by Restricted Funds
School fees			12505973	11943902

					Unrestricted	Restricted	Total	Total
					funds	funds	31August	31July 2022
							2023f
	Admission		fees		33,180		33,180	31,545
	Letting	income			70988		70988	64931
					104168		104168	96476
4)	Other	incomin		resources
					Unrestricted	Restricted	Total	Total
					funds	funds	31August	31July 2022
							2023
	Other income				28,410		28410	27306
					28410		28410	27 06
5)	Anal	sis	ofex	enditure

				Staff		Other	Grant	Total	Total
				costs	Depreciation	costs	funding	31August	31July
								2023	2022
Costs ofgenerating			funds
Ancillary	trading costs			20,705	365	15@61		36,431	63,282
Raising funds				56,363		59,639		116,002	93,743
Total cost	ofgenerating			77,068	365	75,000		152,433	157,025
funds
Charitable		expenditure
Education		and grant
making
Teaching				7,183,583				7&183&583	6&426&113
Welfare				49,973	16,028	803,131		869,132	827,335
Premises				652,294	516,168	1,033,353		2&201&815	1&892&951
Support costs				910,033	141,799	1302 98	594080	2848810	2473053
Total charitable				8,795,883	673,995	3,039,082	594,080	13,103,040	11,619,452
expenditure
Total expended				8 72951	674 60	3114082	594 080	13255473	11776477
				MANCHESTER HIGH SCHOOL FOR GIRLS
					24

				31August	31July 2022
				2023f
Welfare	Costs				585
Property	Costs			32,056	44,720
Management		and Administration		4,375	17,977
				36,431	63,282
R~ii	1 s
				31August	31July 2022
				2023
Development		Office	Salaries	56,363	33,179
Development		Office	Expenses	6,127	4,748
Fundraising				45,463	51,548
Alumni	Relationship		Expenses	8,049	4,268
				116,002	93,743

StaffCosts
					31August	31July 2022
					2023
Wages and salaries					6,822,679	7,305,420
Social security	costs				693,647	583,659
Contributions	to Teachers'	Superannuation		Scheme	1,084,854	978,312
Contributions	to Defined	Contribution	Scheme		157,319	125,594
					8,758,499	8,992,985

							31August	31July 2022	31July 2022
							2023
Fundraising							3		3
Teaching							95		97
Welfare							2		3
Premises							26		14
Support							54		56
Management		&Administration					10		10
							190	183
T~ibl	H*		dA
				Freehold Land	Fixtures
				&Buildings	Equipment &	Plant &
					Fittings	Facilities	Vehicles	Total
Cost/Valuation
As at 31s	July		2022	10,522,683	7,458,249	2,555,024	44,393	20,580,349
Additions				275,084	493,905	122,696		891,685
Disposals							(44,393)	(44,393)
As at 31"August 2023				10,797767	7952154	2677720		21 427	641
Accumulated		Depreciation
As at31"July			2022	2,960,473	6,032,124	2,030,202	44,393	11,067,192
Charge for the			period	161,921	359,541	152,898		674,360
Depreciation		on disposals					(44,393)	(44,393)
As at 31"August 2023				3,122 94	6391665	2 183100		11697	159
NBV as at	31"August 2023			7,675373	1560489	494,620		9,730,482
NBV as at	31"July 2022			7562210	1426 125	524 822		9 513	157
					26

		31August	31July 2022
		2023
Cost at 31"July 2022		60,501	60,501
Additions
Disposals
Cost at 31aAugust2023		60,501	60,501
Market value at31" July 2022		283,543	286,682
Additions	at cost
Disposal	at cost
Unrealised	(loss)/gain	(7,138)	(3,139)
Market value at 31"August2023		276,405	283,543

					31August 2023	31July 2022
	Tuition fees				81,466	137,708
	Prepayments and	Accrued	Income		247,849	134,931
	Disbursements (note 11)				124,628	18,027
	Other debtors				6,044	3,780
	MHSG Bursary Fund				94,065
					554,052	294,446
13)	Creditors —Amoun		ani	Due Within One Year
					31August 2023	31July 2022
	Trade creditors				200,918	351,083
	Accruals and Deferred		Income		244,448	105,166
	PAYE and national insurance				152,647	148,592
	Superannuation					625
	Fees in advance				611,410	188,434
	Disbursements	(note 11)			123,824	76,334
	MHSG Bursary	Fund				33,970
	Bank Loan				177,987	220,735
	Deposits held				484,420	466,013
					1,995,654	1,590,952

Restricted	Funds
						Unrealised
		Balance at 31"July 2022	Income f	Expendtturef	Transfer offunds	gains on Investments	Balance at 31uAugust 2023
Prizes and	awards	170,915	12,016			(2,471)	180,460
Scholarship	Fund	4,640		(1,960)			2,680
Total		175,555	12,016	(1,960)		(2,471)	183,140
						Unrealised
		Balance at 31"July 2021	Income	Expenditure	Transfer offunds	gains on Investments	Balance at 31"July 2022
Prizes and	awards	166,739	8,014	(2,751)		(1,087)	170,915
Scholarship	Fund	12,200		(7,560)			4,640
Total		178,939	8,014	(10,311)		(1,087)	175,555
Endowment	Funds
						Unrealised
		Balance at 31oJuly 2022	Income	Expenditure	Transfer offunds	gains on Investments	Balance at 31"August 2023
Prize funds		185,878				(4,667)	181,211
Land &Buildings		7,493,181		(161,921)			7,331,260
Total		7,679,059		(161,921)		(4,667)	7,512,471
						Unrealised
		Balance at 31aJuly 2021	Income	Expenditure	Transfer offunds	gains on Investments	Balance at 31aJuly 2022
Prize funds		187,930				(2,052)	185,878
Land &Buildings		7,642,034		(148,853)			7,493,181
Total		7,829,964		(148,853)		(2,052)	7,679,059

Ana ets Betw F
		Unrestricted
As at31"August 2023	Unrestricted	Designated	Restricted
	Funds	Funds	Funds	Endowment	Total
	g
Tangible fixed assets Fixed asset investments Net current assets less long term	2,399,222		95,193	7,331,260 181,211	9,730,482 276,404
Liabilities	1 756,105	72,155	87947		I 916207
	4 155327	72 155	183 140	7512471	11923093
		Unrestricted
As at31u July 2022	Unrestricted	Designated	Restricted
	Funds	Funds	Funds	Endowment	Total
	g			8
Tangible fixed assets Fixed asset investments Net current assets less long term	2.019,976		97,665	7,493,181 185,878	9,513,157 283,543
Liabilities	2469,080	72 155	77 890		2 619,125
	4,489056	72,155	175555	7679 059	12415 825