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|ITTIDEX||
|---|---|
|Governors' Report|3-8|
|lndependentAudito/sReport|9-L2|
|Statement ofFinancialActivities|13|
|BalanceSheet|t4|
|Statement ofCashFlows|15|
|Notesto theFinancialStatements|16-27|
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|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|
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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|||||
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|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|
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|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|
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||Unrestrided|Restricted|Total|TotaI|
|---|---|---|---|---|
||Funds|Funds|Funds|Funds|
||2022|2022|2022|202,.|
||f|f|f|f|
|Bankinterest|L,399||1,39!'|381|
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||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||
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|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||
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|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|
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|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|
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|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||
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|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|
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|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|
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|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|
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||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|