| Trustees | Mr M R Foster, Chair&, 2,3,s | |||||
|---|---|---|---|---|---|---|
| Mrs DCooper, Trustees, 4,6 | ||||||
| Mrs JWilliams, Trustee1, 4,6 | ||||||
| MrJSWilliams, Trustee13 | ||||||
| Mr R Kalia, Vice Chairman). | 3.6,6 | |||||
| Ms J M Lunn, Trustee&, 6,7 | ||||||
| Mrs D Davidson-Smith, Trustee), |
2,4 | |||||
| Ms S Evans, Trusteei, 2,3,s | ||||||
| Mrs J E Ruff, Trustee1, 2,4,s | ||||||
| Mr D Shah, Trustee i,3,S | ||||||
| ' | ||||||
| Member ofEducation Committee ' Member ofDevelopment 8 Fabric Committee ' Member of Finance Committee |
||||||
| " Member of Public Benefit 8 Marketing Strategy Committee ' Member of Remuneration Committee ' Member of Risk 8 Compliance Committee ' Member ofSafeguarding Committee |
||||||
| Company | registered | |||||
| number | 01218766 | |||||
| Charity registered | ||||||
| number | 270143 | |||||
| Registered | oNce | St Aubyn's School |
||||
| Woodford New Road |
||||||
| Woodford Green | ||||||
| Essex | ||||||
| IG8 9DU | ||||||
| Company | secretary | Mrs C Burstin | ||||
| Independent | auditors | Haslers | ||||
| Chartered Accountants | ||||||
| Old Station Road | ||||||
| Loughton | ||||||
| Essex | ||||||
| IG104PL |
| Restricted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2023 | 2023 | 2023 | 2022 | |||
| Note | f | |||||
| income from: | ||||||
| Donations, legacies |
and government | |||||
| grants | 1,000 | |||||
| Charitable activities |
6,G43,711 | 6,043,711 | 5,849,899 | |||
| investm ants |
19,000 | 111,934 | 130,934 | 77,502 | ||
| Total income | 19,000 | 6,155,645 | 6,174,645 | 5,928,401 | ||
| Expenditure on: |
||||||
| Charitable activities |
19,000 | 5,607,245 | 5,626,245 | 5,399,823 | ||
| Total expenditure | 19,000 | 5,607,245 | 5,626,245 | 5,399,823 | ||
| Net movement in funds before other |
||||||
| unrecog nised gains | 548,400 | 548,400 | 528,578 | |||
| Other unrecognised | gains: | |||||
| Gains on revaluation | offixed assets | 213,977 | ||||
| Net movement in funds |
548,400 | 548,400 | 742,555 | |||
| Reconciliation offunds: |
||||||
| Total funds brought forward | 380,000 | 10,118,854 | 10,498,854 | 9,756,299 | ||
| Net movement in funds |
548,400 | 548,400 | 742,555 | |||
| Total funds carried | forward | 380,00G | 10,667,254 | 11,047,254 | I0,498,854 |
| BALANCE SHEET | BALANCE SHEET | |||||||
|---|---|---|---|---|---|---|---|---|
| AS AT 31JULY2023 | ||||||||
| 2023 | 2022 | |||||||
| Note | ||||||||
| Fixed assets | ||||||||
| Tangible assets | 10 | 6,870,848 | 6,802,689 | |||||
| investment property |
11 | 1,080,000 | $,080,000 | |||||
| 7,950,848 | 7,882,689 | |||||||
| Current assets | ||||||||
| Debtors | 12 | 48,346 | 59,55$ | |||||
| Cash at bank and in hand | 3,659,057 | 3,325,003 | ||||||
| 3,707,403 | 3,384,554 | |||||||
| Creditors: amounts | falling | due within one | ||||||
| year | 13 | (360,488) | (522,f30) | |||||
| Net current assets | 3,346,915 | 2,862,424 | ||||||
| Total assets less current | liabilities | 11,297,763 | 10,745,113 | |||||
| Creditors: amounts | falling | due after more | ||||||
| than one year | (250,509) | (246,259) | ||||||
| Net assets excluding | pension asset | 11,047,254 | $0,498,854 | |||||
| Total net assets | 11,047,254 | l0,498,854 | ||||||
| Charity funds | ||||||||
| Restricted funds | 380,000 | 380,000 | ||||||
| Unrestricted funds |
10,667,254 | 'IO, 118,854 | ||||||
| Total funds | 11,047,254 | f0,498,854 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2023 | 2023 | |
| Donations | ||
| Unrestricted | Total | |
| funds | funds | |
| 2022 | 2022 | |
| Donations | f,000 | $,000 |
| income from charitable activities | ||
| Unrestricted | Total | |
| funds | funds | |
| 2023 | 2023 | |
| School fees | 5,927,032 | 5,927,032 |
| Sports hall | 40,150 | 40,150 |
| After school club | 76,529 | 76,529 |
| 6,043,711 | 6,043,711 | |
| Unrestricted | Total | |
| funds | funds | |
| 2022 | 2022 | |
| School fees | 5,758,923 | 5,758,923 |
| Sports hall | $8,630 | f8,630 |
| After school club | 72.346 | 72,346 |
| 5,849,899 | 5,849,899 |
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| Rent receivable | 19,000 | 62,700 | 81,700 |
| Interest receivable | 49,234 | 49,234 | |
| 19,000 | 111,934 | 130,934 | |
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| Rent receivable | 8,000 | 64,192 | 72,192 |
| Interest receivable | 5,310 | 5,310 | |
| 8,000 | 69,502 | 77,502 |
| Restricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | Total | |
| 2023 | 2023 | 2023f | |
| School | 19,000 | 5,568,743 | 5,587,743 |
| Sports Hall | 2,812 | 2,812 | |
| After school club | 35,690 | 35,590 | |
| 19,000 | 5,607,245 | 5,626,245 |
| Summary by fund type (continued) |
|||
|---|---|---|---|
| Restricted | Unrestricted | ||
| funds | funds | Total | |
| 2022 | 2022 | 2022 | |
| School | 8,000 | 5,324,462 | 5,332,462 |
| Sports Hall | 33,530 | 33530 | |
| After school club | 33,831 | 33,831 | |
| 8,000 | 5,391,823 | 5,399,823 |
| Activities | ||
|---|---|---|
| undertaken | Total | |
| directly | funds | |
| 2023 | 2023 | |
| F | E | |
| School | 5,587,743 | 5,587,743 |
| Sports Hali | 2,8]2 | 2,812 |
| After school ciub | 35,690 | 35,690 |
| 5,626,245 | 5,626,245 | |
| Activities | ||
| undertaken | Total | |
| directIy | funds | |
| 2022 | 2022 | |
| School | 5,332,462 | 5,332,462 |
| Sports Hail | 33,530 | 33,530 |
| After school club | 33,83I | 33,831 |
| 5,399,823 | 5,399,823 |
| After school | Total | |||
|---|---|---|---|---|
| School | Sports Hall | club | funds | |
| 2023 | 2023 | 2023 | 2023 | |
| Staff costs | 3,737,074 | 2,427 | 35,690 | 3,775,191 |
| Depreciation | 161,576 | 161,576 | ||
| Teaching resources | 381,611 | 381,611 | ||
| Government costs |
13,218 | 13,218 | ||
| Staff training | 23,707 | 23,707 | ||
| Administrative costs |
65,723 | 65,723 | ||
| Premises expenses | 556,635 | 385 | 557,020 | |
| Catering costs | 414,694 | 414,694 | ||
| insurance | 74,474 | '74,474 | ||
| Interest payable | 5,414 | 5,414 | ||
| Advertising | 59,271 | 59,271 | ||
| Motor and travelling | 4,095 | 4,095 | ||
| Scholarship and assisted places funding |
49,827 | 49,827 | ||
| Legal and professional | 37,32'1 | 37,321 | ||
| School inspection costs | 3,103 | 3,103 | ||
| 5,587,743 | 2,812 | 35,690 | 5,626,245 |
| Analysis of | direct costs (continued) | |||||
|---|---|---|---|---|---|---|
| After school | Total | |||||
| School | Sports | Hall | club | funds | ||
| 2022 | 2022 | 2022 | 2022 | |||
| Staff costs | 3,530,676 | 32,872 | 33,831 | 3,597,379 | ||
| Depreciation | 152,822 | 152,822 | ||||
| Teaching resources | 279,428 | 279,428 | ||||
| Government | costs | 9,894 | 9,894 | |||
| Staff training | 26,461 | 26,461 | ||||
| Administrative | costs | 71,624 | 71,624 | |||
| Premises expenses | 637,615 | 638,273 | ||||
| Catering costs | 387,005 | 387,005 | ||||
| Insurance | 81,279 | 81,279 | ||||
| Interest payable | 6,061 | 6,061 | ||||
| Advertising | 39,309 | 39,309 | ||||
| Motor and travelling | 3.232 | 3,232 | ||||
| Scholarship | and assisted places funding | 53,755 | 53,755 | |||
| Legal and professional | 49,217 | 49,217 | ||||
| School inspection costs | 4,083 | 4,083 | ||||
| 5,332,461 | 33,530 | 33,831 | 5,399,822 | |||
| Auditors' remuneration |
||||||
| 2023 | 2022 | |||||
| Fees payable | tothe School's auditor for the audit ofthe School's | annuai | ||||
| accounts | 12,300 | 8,220 |
| Staffcosts | |||||||
|---|---|---|---|---|---|---|---|
| 2023 f. |
2022f | ||||||
| Wages and | salaries | 3,028,028 | 2,853,479 | ||||
| Social security costs | 297,474 | 293,188 | |||||
| Contribution | to defined | contribution | pension | schemes | 449,689 | 450,712 | |
| 3,775,191 | 3,597,379 | ||||||
| The average | number of persons | employed | by the School during the | year was as follows: | |||
| 2023 | 2022 | ||||||
| No. | No. | ||||||
| Teachers | 39 | 38 | |||||
| Teaching Assistants | 14 | 17 | |||||
| Sports Hall | 1 | ||||||
| Admin | 18 | 19 | |||||
| Other | 7 | 7 | |||||
| 78 | 82 |
| 2023 | 2022 |
|---|---|
| No. | No, |
| Freehold | Motor | Fixtures and | ||
|---|---|---|---|---|
| property | vehicles | fittings | Total | |
| Cost or valuation | ||||
| At 1 August 2022 | 8,188,187 | 24,660 | 571,784 | &,7&4,631 |
| Additions | 191,336 | 41,699 | 233,035 | |
| Disposals | (3,300) | (3,300) | ||
| At 31 July 2023 | &,379,523 | 24,650 | 610,183 | 9,014,366 |
| Depreciation | ||||
| At 1 August 2022 | 1,416,951 | 14,375 | 550,616 | 1,98'I,942 |
| Charge forthe year | 145,891 | 2,057 | 13,683 | 161,631 |
| On disposals | (55) | (55) | ||
| At 31 July 2023 | 1,562,842 | 16,432 | 564,244 | 2,143,51& |
| Net book value | ||||
| At 31 July 2023 | 6,816,681 | 8,228 | 45,939 | 6,870,84& |
| At3f July2022 | 6,77f,236 | $0,285 | 2f,f68 | 8,802,689 |
| Long term | ||||
|---|---|---|---|---|
| Freehold | leasehold | |||
| investment | investment | |||
| property | property | Total | ||
| E | ||||
| Valuation | ||||
| At 1 August 2022 | 700,000 | 380,000 | 1,080,000 | |
| At 31 July 2023 | 700,000 | - | 380,000 | 1,G8G,OOG |
| The 20 | 23 valuations were made by the Trustee |
s, on an open market value for existing use ba |
sis. |
|---|---|---|---|
| 2G23 | 2022 | ||
| Historic | cost | 1,003,107 | 898,107 |
| 2023 | 2022 | ||
|---|---|---|---|
| Due within one year | |||
| Trade debtors | 7,088 | 7,203 | |
| Prepayments | and accrued income | 41,268 | 52,348 |
| 59,551 |
| 15. | Statement offunds | ||||||
|---|---|---|---|---|---|---|---|
| Statement offunds |
- current | year | |||||
| Balance at 1 | Transfers | Balance at | |||||
| August 2022 | Income f |
Expenditure | in/out | 31July 2023 | |||
| Unrestricted funds |
|||||||
| Designated funds |
|||||||
| Assisted Places Funds | 3G7,114 | (31,019) | 54,840 | 330,936 | |||
| Parent Teacher Association- | |||||||
| formerly SASSfund | 12,013 | (329) | 11,684 | ||||
| 319,127 | (31,019) | 54,511 | 342,619 | ||||
| General funds | |||||||
| General Funds |
9,799,727 | 6,155,645 | (5,576,226) | (54,511) | 1G,324,635 | ||
| Total Unrestricted | funds | 10,118,854 | 6,155,645 | (5,607,245) | 1G,667,254 | ||
| Restricted funds | |||||||
| Colley Assisted Places Fund | 380,000 | 19,000 | (19,GOG) | 380,000 | |||
| Total offunds | 10,498,854 | 6,174,645 | (5,626,245) | 11,047,254 |
| NOTES | NOTES | TO THE FlNANClAL | TO THE FlNANClAL | STATEMENTS | STATEMENTS | ||||
|---|---|---|---|---|---|---|---|---|---|
| FOR | THE YEAR | ENDED 31 JULY | 2G23 | ||||||
| 15. | Statement offunds | (continued | I | ||||||
| Statement offunds | - prior year | ||||||||
| Balance at | |||||||||
| 1August | Transfers | Gains' | Balance at | ||||||
| 2021 | Income | Expenditure | in/out | (Losses) | 31July 2022 | ||||
| Unrestricted | |||||||||
| funds | |||||||||
| Designated | |||||||||
| funds | |||||||||
| Assisted Places | |||||||||
| Funds | 300,363 | (46,107) | 52,858 | 307,114 | |||||
| Parent Teacher | |||||||||
| Association- | |||||||||
| formerly SASS | |||||||||
| fund | 16,566 | (4,553) | 12,013 | ||||||
| 316,929 | (46,107) | 48,305 | 319,127 | ||||||
| General funds | |||||||||
| General Funds | 9,059,370 | 5,920,40 I | (5,345,716) | (48,305) | 213,977 | 9,799,727 | |||
| Total | |||||||||
| Unrestricted | |||||||||
| funds | 9,376,299 | 5,920,401 | (5,391,823) | 213,977 | I0,118,854 | ||||
| Restricted | |||||||||
| funds | |||||||||
| Coiley Assisted | |||||||||
| Places Fund | 380,000 | 8,000 | (8,000) | 380,000 | |||||
| Total offunds | 9,756,299 | 5,928,401 | (5,399,823) | 213,977 | l0,498,854 |
| Summary | offunds - cur | rent year | ||||
|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Balance at | ||||
| August 2G22 |
income | Expenditure | inlout | 31July 2023 | ||
| Designated | funds | 319,127 | (31,019) | 54,511 | 342,619 | |
| General funds | 9,799,727 | 6,155,645 | (5,576,226) | (54,511) | 1G,324,635 | |
| Restricted | funds | 380,0GO | 19,000 | (19,000) | 380,000 | |
| 10,498,854 | 6,'I 74,645 | (5,626,245) | 11,047,254 |
| Summary offund |
s - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| 1August | Transfers | Gainu | Balance at | |||
| 2021 | Income | Expenditure | in/out | (Losses} | 3$ JU/y 2022 | |
| Designated | ||||||
| funds | 316,929 | (46,f07) | 48,305 | 319,f27 | ||
| General funds | 9,059,370 | 5,920,40$ | (5,345,716) | (48,305) | 2f3,977 | 9,799,727 |
| Restricted funds | 380,000 | 8,000 | (8,000) | 380,000 | ||
| 9,756,299 | 5,928,40f | (5,399,823) | 2f3,977 | 10,498,854 |
| Analysis | ofnet assets between funds - current year | |||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | ||
| funds | funds | funds | ||
| 2023 | 2023 | 2023 | ||
| Tangible fixed assets | 6,870,848 | 6,870,848 | ||
| Investment | property | 380,000 | 700,000 | 1,G80,000 |
| Current assets | 3,707,403 | 3,707,403 | ||
| Creditors | due within one year | (360,488) | (360,488) | |
| Creditors | due in more than one year | (250,509) | (250,6G9) | |
| Total | 380,000 | 10,667,254 | 11,047,254 | |
| Analysis | ofnet assets between funds - prior year | |||
| Restricted | Unrestncted | Total | ||
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| Tangible fixed assets | 6,802,689 | 6,802,689 | ||
| Investment | property | 380,000 | 700,000 | 1,080,000 |
| Current assets | 3,384,554 | 3,384,554 | ||
| Creditors due within one year | (522,130) | (522, l30) | ||
| Creditors due in more than one year | (246,259) | (246,259) | ||
| l | 380,000 | 't0, 1l8,854 | 'l0,498,854 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Net income for the | year (as per Statement ofFinancial | Activities) | 548,400 | 528,578 | |
| Adjustments for. |
|||||
| Depreciation charges |
161,576 | $52,822 | |||
| Dividends, interests |
and rents from | investments | (130,934) | (77,502) | |
| Decrease/(increase) | in debtors | 11,205 | 20,189 | ||
| increase/(decrease) | in creditors | (157,392) | (178,525) | ||
| Net cash provided | by operating | activities | 432,855 | 445,562 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Not later than | 1 year | 21,353 | 28,470 | |
| Later than | 1 year and not later than 5years | 21,353 | ||
| 21,353 | 49,823 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Architectural | services | provided | by | M Foster | 1,630 | 2,726 | |
| Professional | services | provided | by | Fox Williams | LLP | 430 | |
| Professional | services | provided | by | Goodge Law | Sobcitors | 4,237 | 900 |
| 6,867 | 4,056 |