## ||||||Page| |---|---|---|---|---|---| |Company||information|||1-2| |Chairman's||Statement|||| |Directors'|report (incorporating|||the Strategic report)|4-20| |Independent||auditor's|report||21-24| |Financial|statements||of the company||25-46| ## ## |DIRECTORS|DIRECTORS|DIRECTORS|AND ADVISORS|AND ADVISORS||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||Mr K P Craig BA|(Hons)|||FCCA CTA||(Chairman)|| |Directors|||||Mr P H W Southern||FRICS|||(Vice Chairman)||(resigned| ||||||13/10/2022)|||||||| ||||||Revd Canon TAlban|||Jones||MBE (Appointed||| ||||||21/03/2022)|||||||| ||||||Ms LAyres LLB|||||||| ||||||Mr K Chakraborty|MEng|||(Appointed||05/05/2022)|| ||||||Mrs S Dixon BA|(Hons)||||||| ||||||Dr R E R Gifford|BSc(Hons) PhD FHEA||||||| ||||||Mrs K C Hart BA|(Hons)||||||| ||||||Mr P Hayes|||||||| ||||||Prof CJ Howe MA||PhD||ScD FLS|||| ||||||Dr N Menon
MRCS||BMBS|||(Hons) (Appointed||| ||||||21/03/2022)|||||||| ||||||Mrs
H L Milligan-Smith||||LLB (Hons)|||| ||||||Mrs E Payne|||||||| ||||||Mr P T Simmons|||||||| ||||||Mr C W Spinley (Resigned|||||08/02/2022)||| ||||||Dr J SThompson|LMSSA MBBS DRCOG||||||| ||||||The Right Revd RS|||Ladds||SCC LRSC BEd||(Hons)| ||||||(Provost: non-voting|||member)||||| |Company||Secretary|||Mr SJ Dharamraj|MBA|||MA BSc(Hons)|||| |Charity|No.||||269667|||||||| |Company||No.|||01182629|||||||| |Principal||Address|and Registered|Office|The Peterborough||School|||Limited||| ||||||Thorpe Road|||||||| ||||||Peterborough|||||||| ||||||Cambridgeshire|||||||| ||||||PE3 6AP|||||||| |Key Management|||Personnel|||||||||| |Head|||||Mr A D Meadows|BSc|||(Hons) PGCE NPQH|||| |Bursar|||||Mr SJ Dharamraj|MBA|||MA BSc(Hans)|||| ||||||RSM UK Audit LLP|||||||| |Auditors|||||The Pinnacle|||||||| ||||||170 Midsummer|Boulevard||||||| ||||||Milton Keynes|||||||| ||||||Buckinghamshire|||||||| ||||||MK9 1BP|||||||| ||||||Barclays Bank pic|||||||| |Bankers|||||Leicester|||||||| ||||||LE87 2BB|||||||| ||||||Hunt 8 Coombs|Solicitors||||||| |Solicitors|||||35 Thorpe Road|||||||| ||||||Peterborough|||||||| ||||||PE3 6AG|||||||| ## ## |||Ravenscroft
Group|Ravenscroft
Group|| |---|---|---|---|---| |Investment|Advisers|The Singing
Men's Chambers||| |||19 Minster Precincts||| |||Peterborough||| |||PE1 1XX||| |||Marsh
Limited|Education|Practice| |Insurance|Brokers|Capital House||| |||1-5 Perrymount|Road|| |||Hayward s Heath||| |||West Sussex||| |||RH16 3SY||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Principal
Ac|tivities
ofthe Year|tivities
ofthe Year|tivities
ofthe Year|tivities
ofthe Year||||| |---|---|---|---|---|---|---|---|---| |The principal
run a number|activity of the school is the delivery
of summer
school activities
and||||of
the|education to pupils
school is open at|up to 18years
other times for|of age. We also
use by the local| |community.|Pupil numbers||at the|school during|the|year were as follows:||| |||||2021/2022|||2020/2021|| |Senior School||||285|||251|| |Preparatory|School|||171|||179|| |Pre-Preparatory
School||||46|||47|| |Total||||502|||477|| |||||2021/2022|||2020/2021|| |Senior School||||Boys
134||Girls
151|Boys
123|Girls
128| |Preparatory|School|||92||79|92|87| |Pre-Preparatory
School||||22||24|19|28| |Total||||248||254|234|243| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Mr|K P Craig||||Finance and General|Purposes,|Early Years| |---|---|---|---|---|---|---|---| |Mr|P Southern|(resigned|13l10/2022)||Finance and General|Purposes|| |The|Revd TAlbon Jones||(appointed|21/03/22)|||| |Ms|LAyres||||Finance and General|Purposes|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Note|Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||Funds
f|Funds|2022|2021f| |Income and endowments|from:||||||| |Charitable
Activities|||||||| |School fees receivable
corn|||2|6,647,797|(9,241)|6,638,556|5,936,458| |Ancillary
trading
income|||3|401,744||401,744|276,087| |Other trading activities|||||||| |Non-ancillary
trading income||||58,845||58,845|23,207| |Investments|||||||| |Investm ent in
e||||7,938|108|8,046|8,630| |Bank and other interest||||9,030|4|9,034|1,161| |Other —Grants and donations|||||||| |Grants and donations||||297|5,811|6,108|44,258| |Other income||||17,794||17,794|| |TOTAL INCOME||||7,143,445|(3,318)|7,140,127|6,289,801| |Expenditure
on:|||||||| |Raising funds|||||||| |Financing costs||||53,703||53,703|25,564| |investment
management||||3,852|138|3,990|3,721| |||||57,555|138|57,693|29,285| |Charitable
Activities|||||||| |Education
and grant making|||7|6,823,934|6,832|6,830,766|6,032,702| |TOTAL EXPENDITURE||||6,881,489|6,970|6,888,459|6,061,987| |Net (losses)/gains
on investment||assets|13|(23,335)|(1,855)|(25,190)|60,750| |NET INCOME||||238,621|(12,143)|226,478|288,564| |Transfers between funds|||21|9,687|(9,687)||| |Net Movement
in funds for the||year||248,308|(21,830)|226,478|288,564| |Fund balances at 1 September 2021||||6,752,178|23,888|6,776,066|6,487,502| |FUND BALANCES AS AT|31 AUGUST||2022|7,000,486|2,058|7,002,544|6,776,066| ## ## |||Note|Unrestricted|Restricted|Total| |---|---|---|---|---|---| ||||Funds
f|Funds|2021f| |Income and endowments|from:||||| |Charitable
Activities|||||| |School fees receivable||2|5,944,279|(7,821)|5,936,458| |Ancillary
trading
income||3|276,087||276,087| |Other trading
activities|||||| |Non-ancillary
trading
income|||23,207||23,207| |Investments|||||| |Investment
income|||7,617|1,013|8,630| |Bank and other interest|||1,160|1|1,161| |Other —Grants and donations|||||| |Grants and donations|||39,916|4,342|44,258| |Other income|||||| |TOTAL INCOME|||6,292,266|(2,465)|6,289,801| |Expenditure
on:|||||| |Raising funds|||||| |Financing
costs|||25,564||25,564| |Investment
management|||3,217|504|3,721| |TOTAL DEDUCTIBLE COSTS|||28,781|504|29,285| |Charitable
Activities|||||| |Education
and grant making||7|6,030,233|2,469|6,032,702| |TOTAL EXPENDITURE|||6,059,014|2,973|6,061,987| |Net(losses)/gainsoninvestmentassets||13|52,551|8,199|60,750| |NET INCOME|||285,803|2,761|288,564| |Transfers between
funds|||||| |Net Movement
in funds for the year|||285,803|2,761|288,564| |Fund balances at 1 September 2020|||6,466,375|21,127|6,487,502| |FUND BALANCES AS AT|31 AUGUST|2021|6,752,178|23,888|6,776,066| ## |||Note||2022||2021| |---|---|---|---|---|---|---| |||||F||| |FIXEDASSETS||||||| |Tangible assets||12||6,063,300||6,234,479| |Investments||13||289,159||318,339| |||||6,352,459||6,552,818| |CURRENT ASSETS||||||| |Stock|||3,537||3,680|| |Debtors||14|215,782||175,653|| |Cash at bank and|in hand||2,182,651||1,601,783|| ||||2,401,9?0||1,781,116|| |CURRENT
LIABILITIES||||||| |Creditors
payable|within one year|15|1,091,616||749,677|| |NET CURRENT||||1,310,354||1,031,439| |ASSETS/(LIABILITIES)||||||| |TOTAL ASSETS
LIABILITIES|LESS CURRENT|||7,662,813||7,584,257| |LONG TERM LIABILITIES||||||| |Creditors
payable|after one year|16||660,169||808,091| |TOTAL NET ASSETS||||7,002,644||6,776,166| |REPRESENTED|BY:|||||| |Called up share|capital|||100||100| |RESTRICTED FUNDS||||||| |Restricted
income|funds|21||2,058||23,888| |UNRESTRICTED|FUNDS|||||| |General
reserve||21||7,000,486||6,752,178| |||||7,002,644||6,776,166| ## |||||||Note|2022|2021| |---|---|---|---|---|---|---|---|---| |||||||||f.| |Net cash|provided
by operating||activities|||27|846,193|428,001| |Investing|activities|||||||| |Dividends
Proceeds|and interest
from the sale of|tangible|fixed|assets|||16,028|9,791| |Purchase|of tangible
fixed|assets|||||(75,046)|(47,889)| |Proceeds|from sale of investments||||||22,261|64,330| |Uninvested|cash (increase)/decrease||||||(18,271)|22,181| |Purchase
Repayment
Net cash|of investments
of obligations
used
in investing|under finance
activities||leases|||(55,028)|(82,893)
~4,D84
(38,564)| |Financing|activities|||||||| |Repayments
of borrowing|||||||(157,660)|(161,767)| |Financing|costs||||||(52,637)|(23,736)| |Net cash|used
in financing|activities|||||(210,297)|(185,503)| |Increase|in cash and cash equivalents|||in|the year||580,868|203,934| |Cash and|cash equivalents|at the|beginning||of the year||1,601,783|1,397,849| |Cash and|cash equivalents|at the end||of|the year||2,182,651|1,601,783| |Analysis|ofchanges
in net debt|||||||| |Analysis
of|changes
in net debt||||| |---|---|---|---|---|---| |||||Other|| |||1 September||non cash|31 August| |||2021|Cash flow|movement|2022| |||||F|| |Cash at bank and in hand||1,601,783|580,868||2,182,651| |Debt due within one year|||||| |Bank loans||158,995|(3,934)||155,061| |Debt due after one year|||||| |Bank loans||626,236|(153,726)||472,510| |Obligations|under finance leases||||| |||816,552|738,528||1,555,080| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Freehold||land
is not depreciated|||||||| |---|---|---|---|---|---|---|---|---|---| |Freehold||buildings:|- Variable|according||to the building|and|written|off over| ||||the expected||useful|life (see note below)|||| |Freehold||improvements|-Over the|useful economic
life of the improvement|||||| |Computer||equipment|-25% on|cost|||||| |Fixtures|and fittings||-between|10%|and 25% on cost||||| |Motor vehicles|||-25% on|cost|||||| ## ## ## ## ## ## |INCOME|||||||| |---|---|---|---|---|---|---|---| |||||||2022f|2021f| |Pre- and After-school||educational||supervision||50,466|26,697| |Entrance fees|and registration||fees|||14,850|13,050| |Fees in lieu of|notice|and late|payment||charges|61,851|38,006| |Pupil transport||||||55,139|42,552| |Commissions|and other income|||||219,438|155,782| |||||||401,744|276,087| ## |INVESTM|ENTS - IN|VESTMENT|INCOME|||| |---|---|---|---|---|---|---| ||||||Total|Total| ||||Unrestrictedf|Restrictedf|2022f|2021f| |Securities|investment|income||||| |Equities|||7,938|108|8,046|8,630| ## |||||Total|Total| |---|---|---|---|---|---| |||Unrestrictedf|Restrictedf|2022f|2021f| |Bank|interest|9,030||9,034|1,161| ## |. OTHER —GRAN|T|S
AND DONATIO|NS|||| |---|---|---|---|---|---|---| ||||||Total|Total| ||||Unrestrictedf|Restrictedf|2022f|2021f| |Government
grants||—CJRS||||39,916| |Development
grants||and donations||483|483|542| |The Westwoodians'||Association||1,000|1,000|1,500| |The Peterborough|School PTG|||4,328|4,328|| |Other donations|||297||297|2,300| ||||297|5,811|6,108|44,258| ## |a) Total|expenditure|expenditure||||||| |---|---|---|---|---|---|---|---|---| |||||Staff Costs|Support|Depreciation|Total|Total| |||||(note 9)|Costs|(note 12)|2022|2021| |Costs of|raising
funds|||||||| |Financing
Investment|costs (note 8)
management||fees||53,703
3,990||53,703
3,990|25,564
3,721| |Total costs||of raising funds|||57,693||57,693|29,285| |Charitable||expenditure||||||| |Education||and grant making:||||||| |Teaching||||3,956,104|651,651|56,160|4,663,915|4,149,453| |Welfare
Premises||||338,552
193,764|261,175
484,016|187,006|599,727
864,786|505,768
726.110| |School administration||||398,656|262,036|18,487|679,179|628,103| |||||4,887,076|1,658,878|261,653|6,807,607|6,009,434| |Governance||costs|||23,159||23,159|23,268| |Education||and grant making||4,887,076|1,682,037|261,653|6,830,766|6,032,702| |Total Expenditure||||4,887,076|1,739,730|261,653|6,888,459|6,061,987| ## |Total expenditure
includes:|Total expenditure
includes:|||||||| |---|---|---|---|---|---|---|---|---| |The Peterborough
School Limited||reimburses||Governors||forout of pocket expenses|including|travel| |subsistence
and accommodation,||where a claim|||is made.|None (2021: none) of the|Governors|were| |reimbursed
expenses
during|the year.|||||||| |||||||2022||2021| |Remuneration
paid to auditor|for|audit|services|||21,600||20,160| |Depreciation
of tangible
fixed assets|||(all owned)|||261,653|268,799|| |Operating
lease rentals:||||||||| |- Land
and buildings||||||||| |- Other assets||||||53,808||52,327| ## |8.|FINANCING
COSTS|FINANCING
COSTS|||| |---|---|---|---|---|---| |||||2022|2021| ||||||F| ||Bank interest|||18,227|18,030| ||Lease interest||||668| ||Bank charges|||2,921|2,493| ||Provision for bad and doubtful||debts|15,614|(8,881)| ||Other costs|||16,941|13,254| |||||53,703|25,564| |9.|STAFF COSTS||||| |||||2022|2021| ||||||F| ||The aggregate
payroll costs for the year were:
Wages and salaries|||3,875,926|3,566,263| ||Social security|costs||393,768|350,298| ||Other pension|costs||612,730|576,285| ||Private medical|insurance||4,652|3,602| |||||4,887,076|4,496,448| |The Head|and Bursar|are clas|sed|by t|he School as|being the|Key Manage|ment
Personnel.|| |---|---|---|---|---|---|---|---|---|---| |||||||||2022|2021| |Aggregate|employee|benefits|of|Key|Management|Personnel|including|262,009|253,738| |employers'|Nl||||||||| |The number
of higher paid employees
whose annu
were 260,000 or more was:|al
emoluments
(excluding
employer
pens|ion costs)| |---|---|---| ||2022|2021| ||No|No| |f70,001 - f80,000||| |2120,001 - 2130,000||| ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||||No|No| |The number|with retirement||benefits||accruing:||| |- in Defined|Contribution|schemes||was|||| |||||||R|| |Of which the|contributions|amounted|||to|5,502|5,335| |||||||No|No| |- in Defined|Benefit schemes||was||||| |||||||f|| |Of which the|contributions|amounted|||to|46,640|45,392| |he avera
ollows:|ge
m|onthly
number
of employees
during|the year calculated
on a head
count|basis was| |---|---|---|---|---| ||||2022|2021| |Teaching|||66|67| |Teaching|support||22|18| |Nursery|||15|15| |Welfare|||23|17| |Premises|||10|9| |Administrative||support|11|11| ||||147|137| |Full time|equiv|alent|125|117| ## ## |N
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C|||||||| ## ## |. INVESTMENTS|||||| |---|---|---|---|---|---| |||||Total|Total| |||Unrestrictedf|Restrictedf|2022|2021f| |At 1 September 2021||275,547|42,792|318,339|261,207| |Reinvested
income|||||103| |Transfer
between
funds||40,799|(40,799)||| |Investment
management|fees|(3,852)|(138)|(3,990)|(3,721)| |(Decrease)/Increase
in|value of||||| |investments||23,335|1,855|25,190|60,750| |At 31August
2022||289,159||289,159|318,339| |Investments
comprise:|||||| |Listed investments|||||| |Equities||260,772||260,772|308,223| |Cash||28,387||28,387|10,116| |At 31 August
2022||289,159||289,159|318,339| ||||0/| |---|---|---|---| |6,250|Lindsell
Train
Ltd Global Equity B||9.8| |10,750|FIL Inv Svcs UK Global||8.9| |1,400|NB Private Equity Class A Ordinary||8.6| |2,850|Royal London
UTM UK Equity||8.5| |9,300|Unicorn
Asset Management|UK Income|8.3| |8,800|Premier Portfolio
UK Multi|Cap|6.6| |10,000|Int Public Partner
Ordinary||6.3| |13,000|Gore Street Energy
Ordinary||6.0| |6,750|Aegon AM UK Ethical||5.9| |10,000|Montanaro
Asset Mgmt Better World||5.8| |6,750|Utilico Emerging
Markets|Ordinary|5.7| |12,500|Montanaro
UK Small||5.3| |2,500|Fundsmith
LLP Equity
Int||5.1| ## ## ||||||||||2022|2021| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||f.|| |School fees receivable
Reserve for bad and doubtful||||||debts|||140,466
~74,758|110,198
~71,041| ||||||||||65,708|39,157| |Other debtors|||||||||26,757|21,686| |Prepayments
and accrued|||||income||||123,317|114,810| ||||||||||215,782|175,653| |15. CREDITORS: amounts||||falling due within||||one year||| ||||||||||2022|2021| |Bank loans and overdrafts|||||||||155,061|158,995| |Deposits|from parents||||||||18,808|14,757| |Fees received
from||parents|||in|advance|||491,247|319,696| |of term||||||||||| |Trade creditors|||||||||185,442|61,428| |Taxation|and social|security|||||||96,591|86,114| |Other creditors|||||||||110,736|59,709| |Accruals|||||||||33,731|48,978| ||||||||||1,091,616|749,677| |Summary|of movements||||in|deferred|income|||| |Balance|at 1 September|||2021||||||319,696| |Additional|amounts|deferred||||||||491,247| |Amounts|transferred|to|SOFA|||in the year||||(319,696)| |Balance|at 31 August||2022|||||||491,247| ## |. CREDITORS: amounts
falling due after one ye|ar|| |---|---|---| ||2022|2021f| |Bank loans and overdrafts|472,510|626,236| |Deposits from parents|187,659|181,855| ||660,169|808,091| |After 5years||127,863|123,960| |---|---|---|---| |Within 2 to 5years||44,645|39,068| |Within
1 to 2 years||15,151|18,827| |Due after more than one year||187,659|181,855| |Within
1 year||18,808|14,757| |||206,467|196,612| |17. BANK LOAN|||| |||2022|2021| |||F|f.| |The bank loan is repayable|by instalments||| |Due within 2 to 5 years||311,458|463,862| |Due within
1 to 2 years||161,052|162,374| |Due after more than one year||472,510|626,236| |Due within
1 year||155,061|158,995| |||627,571|785,231| ## ## ||||Land and buildings|Land and buildings|Other|| |---|---|---|---|---|---|---| ||||2022|2021|2022|2021| |Within|1|year|||22,656|50,007| |Between||2 and 5 years|||27,969|46,085| ||||||50,625|96,092| ## ## ## ## ## ## ## ## ||||||Total|Total| |---|---|---|---|---|---|---| |||Unrestricted|Restricted||2022|2021| |Tangible fixed assets||6,063,300||6,063,300||6,234,479| |Securities investments||289,159||289,159||318,339| |Net current assets/(liabilities)||1,308,296|2,058|1,310,354||1,031,439| |Long term liabilities||(660,169)||(660,169)||(808,091)| |||7,000,586|2,058|7,002,644||6,776,166| |21. SUMMARY OF MOVEMENTS||ON MAJOR FUNDS||||| ||At 1|||||At 31| ||September|||||August| ||2021|Income|Expenditure|Transfers|Losses
f|2022| |Restricted Funds||||||| |Hannah
Warner
Scholarship|20,813|(9,133)|(138)|(9,687)|(1,855)|| |Elisabeth
Little Prize
Fund|400||(4)|||400| |Forest School yurt||3,656|(3,656)|||| |Individual
Learning|1,000||(1,000)|||| |Year 13Leavers'
Prom||1,000|(1,000)|||| |Year 11Leavers' Ball|500|300|(800)|||| |Year 6 Leavers'
Books||372|(372)|||| |The Giving Tree|1,175|483||||1,658| ||23,888|(3,318)|(6,970)|(9,687)|(1,855)|2,058| |Unrestricted
Funds||||||| |General Reserve|6,752,178|7,143,445,|(6,881,489)|9,687|(23,335)|7,000,486| |Total Funds|6,776,066|7,140,127|(6,888,459)||(25,190)|7,002,544| ## |At 31 August|2022, the|company
had capital|commitments
as follows:|2022f|2021| |---|---|---|---|---|---| |Expenditure|contracted|for but not provided|in the accounts|Nil|Nil| ## ## ## ## ## ## ## ## ## ## ## |27.RECONCILIATION|OF
NET|INCOME|INCOME|TO|NET|CASH|GENERATED
FROM|OPERATING| |---|---|---|---|---|---|---|---|---| |ACTIVITIES||||||||| ||||||||2022|2021| |Net income/(expenditure)
for the year
statement
offinancial
activities)||||(as|per the||226,478|288„664| |Adjustments
for:||||||||| |Depreciation
charges|||||||261,653|268,799| |Losses/(gains)
on investments|||||||25,190|(60,750)| |Dividends
and interest from investments|||||||(17,080)|(9,791)| |Financing
costs|||||||53,703|25,564| |Profit on the sale of|fixed assets|||||||| |Decrease/(Increase)|in stocks||||||143|(3,680)| |(Increase)
in debtors|||||||(39,077)|(24,765)| |Increase/(decrease)|in creditors||||||335,183|(55,940)| |Net cash generated|from operating||activities||||846,193|428,001| |ANALYSIS OF CASH AND CASH EQUIVALENTS||||||||| ||||||||2022|2021| |Cash at bank and
in|hand||||||2,182,651|1,601,783| |Total cash and cash equivalents|||||||2,182,651|1,601,783|