2022-08-31-accounts

ITTIDEX
Governors' Report	3-8
lndependentAudito/sReport	9-L2
Statement ofFinancialActivities	13
BalanceSheet	t4
Statement ofCashFlows	15
Notesto theFinancialStatements	16-27

Keyexecutives and prof	essional advisers
Headmaster:	N Close
Bursar/Secretary:	PFlowerday
Bankers:	National WestminsterBank,The Boulevard, Crawley,RH10 1XU
	CCLA,Senator House, 85 QueenVictoria Street,London,EC4V4ET
Auditors	KrestonReevesLLP,SpringfieldHouse,SpringfieldRoad, Horsham,RHL22RG
Solicitors	VealeWasbroughVizardsLLP,NarrowQuay House,NarrowQuay,Bristol,BS14QA
	DMHStallardLLP,3rd Floor,OriginOne, 108 HighStreet,Crawley,RH10 1BD

3 January 2023

		Unrestricted	Restricted	Total
		Funds	Funds	Funds	2021,
	Notes	E	E	C	€
INCOME FROM:
Charitable activities	3	3,44O,727		3,aao,t27	3,817,378
Othertrading activities	4	79,O97		79,09L	1,44,OOO
lnvestments	5	1,399		1,399	381
Total income		3,960,617		3,960,617	3,961,759
EXPENDITUREON:
Raisingfunds		30,376		to,r76	53,867
Charitable activities		4,245,364		4,245,3U	4,723,476
Totalexpenditure	7	4,275,740		4,275,7q	4,777,343
NET INCOMC		(31s,123)		(315,1231	.27s,s84|
Transfer between funds		56,114	(56,114)
Net movementinfunds		(2s9,009)	(s6,114)	(315,123)	(21s,s84)
RECONdUANONOF FUNDS:
Fund balancesat1'tSeptember2021		3,367,065	56,LL4	3,423,L79	3,538,763
FUNDBATANCESat31nAugust 2022		3,r.08,056		3,108,055	3,423,179

	Notes		2022		20Lt
		f	e	e	€
FIXED ASSETS
Tangibleassets	10		2,967,899		2,374,697
CURRENT ASSETS
Stocks-finishedgoods				44,962
Debtors	12	146,585		193,3s6
Cashatbank and in hand		1,,52t,840		L,697.064
		t,664,425		1,935,382
CREDITORS:duewithinoneyear:	13	(7,O32,9641		1815,722].
Netcurrentassets			635,461		1,119,660
Totalassets lesscurrent liabilities			3,603,360		3,494,357
CREDITORS:due after more thanoneyear:	t4		(49s,304)		(77,778l,
TOTATT{ETAsSETs			3,108,056		3,423,179
FUNDS
Unrestricted funds	15		3,108,056		3,367,06s
Restrictedfunds	15				56,114
TOTAT CHARITY FUNDS			3,108,056		3,423,L79

		20.22	2021	2021
	t	t	€	f
Netcashflow from operating activities		L70,517		97,88t
Cashflow frominvestlngactivities
lnterest incomereceived	1,399		381
Purchase oftangible fixedassets	(815,393)		(231,928
Disposaloftangiblefixedassets	9,000		7,72L
Netcashflow frominvestlngactivities		(80s,994)		.224,4261
Cashflow fromfinancingactivities
Receiptofloan	500,000
Repaymentofloan	(33,337)
PaymentofIoaninterest	(6,410)
Netcashflow fromfinancingactivities		4@,253
Netcashflow		l.775,2241		1726,s45)
CashandcashequivalentsatL'tSeptember		7,697,64		1,823,609
Cashand cashequivalents at 31* August		1,521,840		!,697,064
RECONCILIATIONOFNETMOVEMENT IN FUNDSTONET	CASHFLOW	FROM OPERANNG ACNVITIES
			2022	2021
			f	f
Netexpenditureforthe year			(31s,123)	(21s,s84)
(asperStatementofFinancialActivities)
Adjustmentfor:
Depreciationcharges			223,r97	798,332
Loaninterest			6,410
Profit ondisposal offixedassets			(9,000)	(2,18s)
lnvestment income			(1,399)	(381)
(lncrease)/decreasein stocks			144,9621	(20,841)
(lncrease)/decreaseindebtors			146,77L)	(se.sso)
lncrease/(decrease) in creditors			174,705	198,130
lncrease/(decrease) incashprovidedbyoperatingactivities			,70,517	97,881
The notesonpages16to27formpartoftheseFinancialStatements

INCOMEFROM CHARITABLE ACTIVITIES
	Unrestricted	Restricted	TotaI	Total
	Funds	Funds	Funds	Funds
	2022	2022	2022	202t
	€	f	f	E
Grossfees	3,943,379		3,943,379	4,OO4,703
Less: bursaries, scholarships andallowances	(313,369)		(313,369)	(386,076)
Add: otherchargestopupils	243,717		243,71,7	191,1-63
Registration fees	6,4@		6,400	7,544
	3,480,127		3,480,127	3,817,374

OTHERTRADII{GACTIVITIES
	Unrestricted	Restricted	TotaI	Total
	Funds	Funds	Funds	Funds
	2022	2022	20i82	2027
	f	E	E	€
Rentand lettings	s4866		s4855	27,982
Sundryincome	L5,225		15,22s	52,437
Profiton saleofassets	9,000		9,000
Coronavirusiob retentionscheme				63,581
	79,O97		79,@1	144,000

	Unrestrided	Restricted	Total	TotaI
	Funds	Funds	Funds	Funds
	2022	2022	2022	202,.
	f	f	f	f
Bankinterest	L,399		1,39!'	381

	Unrestricted	Restricted	Total	Total
	Funds	Funds	Funds	Funds
	2022	2022	2022	202L
	f	f		€
Audito/sremuneration-current year	L4,4N		14,400	9,240
Auditor'sremuneration-prior year				2,730
Otheraccountancy costs	4,003		4003	4,994
Othergovernancecosts	2,780		2,74O	345
	27,783		21,1&t	t7,309

7.	EXPENDITURC:analysisoftotalexpenditure-C	urrentyear
					2022
	Charitableactivities	Staffcosts t	Othert	Dep'n f	Total E
	Schooloperatlng costs
	Teaching	2,174,777	307,632	37,362	2,5L3,7lt
	Welfare	L79,454	125,870		30s,124
	Premises	166,361	474,974	191,829	837,tU
	Support	330,318	237,724		568,042
		2,850,850	7,750,t40	223,791	4,224,tBr,
	Expenditureongovernance		2L,183		21,L83
	Expenditure onraisingfunds		30,376		30,376
		2,850,8s0	1,20L,699	223,79t	4,275,7N
7.	EXPENDITURE:analysisoftotalexpenditure-Prioryear
					2027
		Staffcosts	Other	Dey'n	Total
	Charitableactivities	E	€	f	f
	Schooloperatingcosts
	Teaching	2,O84,417	332,529	31,O40	2,453,986
	welfare	2ro,727	7t4,757		325,478
	Premises	183,499	483,485	76t,292	424,276
	Support	332,399	166,028		494,427
		2,417,036	L,O96,799	198,332	4,106,167
	Expenditureongovernance		77,309		L7,309
	Expenditure onraisingfunds		53,867		5t,$7
		2,81L,O36	7,767,975	198,332	4,177,34t
	All expenditureinthe currentandprioryear wasunrestricted.
8.	NETINCOME
	Net incomeisstated aftercharging:			2022	202r
				f	e
	Depreciationoftangible fixedassets			223,197	t98,332
	Audito/sremuneration-current year			L4,4@	9,240
	Audito/sremuneration-prior year				2,730
	Audito/sremuneration-non-auditservices			4,O03

SIAFFCOSTS
	2022	2027
	f	f
wagesand salaries	2,391,674	2,363,495
Employe/sNl costs	225,400	2L3,749
Pensioncontributions	233,772	233,796
	2,85O,85O	2,8L1,,O3s
	2022	202L
Averagenumber of monthly employeesinthe year	Number	Number
Teaching andteaching support	56	61
Administration, domesticandmaintenancestaff	35	35
	91	96

Thenumberof employeeswhoreceivedtotalemployee f60,000is asfollows:	benefits(excludingemployerpensioncosts)of	morethan
	2022	2021
	EE
f70,001-€80,000	t
€80,001-€90,000	1
fr.r.0,001-€120,000		1
€140,OO1 -€150,000	1

TANGIBTEFIXED ASSETS
	Freehold	Plant&	Fixtures,	Motot	Ass€tsunder
	property	Machin€ry	fittings&lT	vehlcl€s	constructon		Total
	f	f	€	I		f	f
Cost
At 1* September2021	3,688,536	130,766	526,777	172,637		!32,139	4,6s0,855
Additions	689,095	80,931	6,467			39,900	816,393
Disposals				(31,488)			(31,488)
Transfers	132,t39					(r.32,139)
At31'tAuBUst2022	4,509,770217,697533,2M			t4r,L49		39,900	5,435,760
Depreciation
At1'tSeptember2021	L,735,947	53,139	336,173	150,899			2,276,1,58
Chargefor theyear	r15,326	31,325	67,065	9,475			223,191
Disposals				(31,488)			(3r.,488)
At 31"August2022	L,85L,273U,464		403,238	128,886			2,467,a67
NetBookvalue
At31nAugust 2022	2,658,497127,2t3 130,005			L2,26t		39,9qt	2,967,899
At31'tAusust2021	1,952,58977,627 190,604			2L,738132,138			2,374,697

DEBTORS
	2022	2027
	E	f
Tradedebtors	13,545	24,89!
Other debtors	L6,879	11,631
Prepayments	LL6,16L	L52,834
	1115,585	193,356

CREDITORS: FALUT{GOUEWrrHlNONE YEAR
	2022	2027
	E	E
Tradecreditors	42,772	68,579
Pensionliability		32
Acffualsandothercreditors	124,640	14,62L
Feesreceived in advance anddepositsheld	801,932	732,490
Bank loan	59,520
	,,,o32,9	815,722
CREDITORS: FALLING DUE MORETHANONE YEAR
	2022	202L
	E	e
Pensionliability(seenote19)	57,574	7L,r78
Bank loan	407,U3
Feesreceived in advance	30,687
	495,304	77,778
Reconciliationof movementindeferredincome during theyear
	2022	2021
	€	E
Beginningof theyear	s86,232	46t,O94
Releasedto the statement of financial activities	(s86,232)	(46t,@41
Received inthe year	70s,369	546,232
Endoftheyear	705,369	586,232
Deferred incomerelatestofees received in advance.
Bankloan
	2022	2021,
	f	f
Duewithinlyear	59,620
Repayablein1-2years	s9,620
Repayable in 2-5 years	178,86L
Due in5+years	168,562
Endoftheyear	M,6l

FUNDSMOVEMENT-cur	entyear
	LSeptember				3lAutust
	202L	lncome	Expenditure	Transfers	20x2
	€	E	f	€	e
Restrictedfunds	56,114			(s6,114)
Unr€stricted funds	3,366,809	3,960,617	(4,275,740)	56,LL4	3,108,0s5
	3,422,923	3,960,677	14,275,7401		3,108,056

FUNDSMOVEMENT-prior	year
	lSeptember				31August
	2020	lncome	Expenditure	Transfers	2021
	E	E	E	€	f
Restrictedfunds	57,1,44			(1,000)	56,r4
Unrestridedfunds	3,s81,619	3,961,759	14,777,3431	1,000	3,367,03s
	3,638,7633,96L,759		14,777,3431		1,423,179
FUNDS: ANALYSIS OFNET ASSETS-currentyear
			Net		2022
			Current	LongTerm	Fund
		FixedAssets f	Assets f	Liabilities t	Balancest
Restrictedfunds
LJnrestrictedfunds		2,967,89963s,461		(49s,304)	3,108,056
		2,967,89963s,461		(49s,304)	3,108,056
FUt{DS: Al,lAtYSlSOFNET ASSETS-prioryear
			Net		202t
			Current	LongTerm	Fund
		FixedAssets	Assets	Liabilities	Balances
		f	f	€	f
Restrictedfunds		25,000	37,774		56,114
Unrestricted funds		2,349,597	1,088,546	(7L,178l	3,367,065
		2,374,6971,119,550l7t,L78l			3,423,119

At31 Augustthe charityhadcommitmentstomakefutur operatingleasesasfollows:	eminimumleasepayments under non-can	cellable
	2022	2021
	EE
Duewithin1year Duefrom1-5years	8,808 10,347	8,897 L8,L94
Due in5+years	-	976
	19,155	24,067

	AtLSeptember		Othernon	At3lAutust
	202L	Cashflows	cashchanges	2022
	E	€	€	€
Cashatbank andinhand	1,,697,064	177s,2241		1,52,.,W
Debtduewithin1year		33,337	(92,9s71.	(s9,6201
Debtdue afterlyear		(s00,000)	92,957	1407,043l.
	1,697,064	(641,887)		L,O55,t77