##
##
||||Page|
|---|---|---|---|
|Reference and Administrative
Details of the Company,|Its Trustees|and Advisers|1-2|
|Trustees'
Report|||3-14|
|Trustees'
Responsibilities
Statement|||15|
|Independent
Auditor's
Report on the Financial Statements|||16-19|
|Consolidated
Statement of Financial Activities|||20|
|Consolidated
Balance Sheet|||21-22|
|Company
Balance Sheet|||23-24|
|Consolidated
Statement ofCash Flows|||25|
|Notes to the Financial Statements|||26-56|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Pupil Numbers||September 2019|September 2020|September|2021|September|2022|
|---|---|---|---|---|---|---|---|
|Pre-Prep
& Nursery|School|115|118|127||152||
|Preparatory
School||204|212|209||214||
|Senior School||559|602|665||738||
|Total||878|932|1,001||1,104||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Endowment||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|Restricted funds|funds|funds|funds|
||||2022|2022|2022|2022|2021|
|||Note|8|8|8|8|8|
|Income and endowments||||||||
|from:||||||||
|Donations
and legacies||4||11,655|50/61|61,916|54,571|
|Chantable
actiwties|||||18,528,393|18,528,393|15,678,071|
|Other trading
activities|||||151,775|151,775|125,539|
|Investments|||14,133|4,040|2,401|20,574|15,547|
|Other income|||||17,689|17,689|125,568|
|Total income and||||||||
|endowments|||14,133|15,695|18,750,519|18,780,347|18,001,496|
|Expenditure
on:||||||||
|||9,||||||
|Raising funds||10,11|7,822|2,236|185,168|195,226|87,611|
|Chantable
actiwties||12||11,657|15,089,488|15,101,145|17,397,730|
|Total expenditure|||7,822|13,893|15,274,656|15,296,371|1T,485,341|
|Net income/(expenditure)||||||||
|before net (losses)/gains||||||||
|on investments|||6,311|1,802|3,475,863|3,483,976|(1,483,845)|
|Net (losses)/gains|on|||||||
|investments|||(51,765)|(14,799)||(66,563)|189,902|
|Net movement
in|funds||(45,454)|(12,997)|3,475,863|3,417,412|(1,313,943)|
|Reconciliation
of|funds:|||||||
|Total funds brought|forward||723,109|487,479|33,950,108|35,160,696|35,474,539|
|Net movement
in funds|||(45,454)|(12,997)|3,475,863|3,417,412|(1,313,943)|
|Total funds canied||||||||
|forward|||677,655|474,482|37,425,971|38,578,108|35,150,595|
##
##
||||Note||2022
f||2021f|
|---|---|---|---|---|---|---|---|
|Fitted assets||||||||
|Tangible assets|||17||43,129,170||36,608,620|
|Investments|||18||1,015,671||1,074,119|
||||||44,144,841||39,662,739|
|Current assets||||||||
|Debtors|||19|731,444||341,276||
|Cash at bank and|in hand|||4,302,808||7,476,390||
|||||5,034,252||7,617,666||
|Creditors
amounts|falling due within one year||20|(5,704,663)||(6,637,631)||
|Net current (liabilities)||Iassets|||(670,411)||960,035|
|Total assets lees|current liabilities||||43,474,430||40,662,774|
|Creditors: amounts|falling due after more than one|||||||
|year|||21||(4,896,322)||(5,502,076)|
|Total net assets|||||38,578,108||35,160,696|
|Charity funds||||||||
|Endowment
funds|||23||677,655||723,109|
|Restricted
funds|||23||474,482||487,479|
|Unrestricted
funds|||23||37,425,971||33,950,106|
|Total funds|||||38,578,108||35,160,696|
#
#
#
##
||||COMPANY|BALANCE SHEET||||
|---|---|---|---|---|---|---|---|
||||AS AT|31AUGUST 2022||||
||||Note||2022
6||2021f|
|Fixed assets||||||||
|Tangible assets|||17||43,129,170||38,606,620|
|Investments|||18||1,015,673||1,074,121|
||||||||39,662,741|
|Current assets||||||||
|Debtors|||19|907,208||456,307||
|Cash at bank and|in hand|||4,104,614||7,341,640||
|||||5,011,822||7,797,947||
|Creditors
amounts|falling due within one year||20|(5,689,569)||(6,825,248)||
|Net current (liabilities)||Iassets|||(677,747)||972,699|
|Total assets lees|current liabilities||||43,467,096||40,655,440|
|Creditors: amounts|falling due after more than one|||||||
|year|||21||(4,896,322)||(5,502,078)|
|Total net assets|||||36,570,774||35,153,362|
|Charity funds||||||||
|Endowment
funds|||23||677,655||723,109|
|Restricted
funds|||23||474,482||487,479|
|Unrestricted
funds|||23||37,418,637||33,942,774|
|Total funds|||||38,570,774||35,153,362|
#
#
#
##
##
|||||Note|2022
6|2021f|
|---|---|---|---|---|---|---|
|Cash flows from operating|activities||||||
|Net cash used
in operating|activities|||26|2,554,281|3,687,056|
|Cash flows from investing|activities||||||
|Dividends,
interests
and rents from investments|||||20,574|16,547|
|Purchase
oftangible
fixed assets|||||(5,229,711)|(3,649,290)|
|Net cash used
In investing|activities||||(5,209,137)|(3,632,743)|
|Cash flows from Rnancing|activities||||||
|Repayments
of borrowing|||||(349,045)|(2,406,380)|
|Repayments
offinance leases|||||(31,583)|(33,163)|
|Interest paid|||||(138,098)|(133,109)|
|Net cash used
In Rnancing|activities||||(518,726)|(2,572,652)|
|Change
in cash and cash|equivalents|in|the year||(3,173,582)|(2,518,339)|
|Cash and cash equivalents|at the beginning||ofthe year||7,476,390|9,994,729|
|Cash and cash equivalents|at the end|of|the year|27|4,302,808|7,476,390|
#
#
##
##
##
##
#
#
##
##
##
##
#
#
#
##
##
##
##
##
#
##
##
##
#
#
#
##
##
##
##
##
##
#
#
##
##
##
##
|4.|Income from donations|Income from donations|and legacies||||
|---|---|---|---|---|---|---|
|||||Restricted|Unrestricted|Total|
|||||funds|funds|funds|
|||||2022|2022|2022|
|||||6|6|f|
||Donations|||11,655|50,261|61,916|
|||||Restricted|Unrestricted|Total|
|||||funds|Funds|funds|
|||||2021
8|2021f|2021
f|
||Donaticns|||33,677|20,894|54,571|
|5.|Income from charitable||activities||||
||||||Unrestricted|Total|
||||||funds|funds|
||||||2022|2022|
||||||8|f|
||School and registration|fees|||19,706,709|19,706,709|
||Bursanes, grants and|allowances|||(1,178,316)|(1,178,316)|
||||||18,528,393|18,528,393|
||||||Unrestricted|Totei|
||||||Funds|funds|
||||||2021f|2021
f|
||School and registration|fees|||16,897,954|16,897,954|
||Bursanes, grants and|allowances|||(1,219,883)|(1,219,883)|
||||||15,678,071|15,678,071|
##
##
|||Endowment|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2022|
|||f|f|f|f|
|Income|from listed investments|14,133|4,040||18,173|
|Interest|received|||2,401|2,401|
|||14,133|4,040|2,401|20,574|
|||Endowment|Resiricisd|Unrestricted|Torsi|
|||funds|funds|funds|funds|
|||2021f|2021f|2021f|2021
f|
|Income|from listed investments|11,919|3,408||15,327|
|Interest|received|||1,220|1,220|
|||11,919|3,408|1,220|16,547|
##
##
##
##
##
##
##
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022f|2022
f|
|Printing,|postage and stationery||5,481|5,481|
|Advertising|||8,090|8,090|
|Computer|costs||7,353|7,353|
|Legal and professional|||217|217|
|General fundraising||expenses|6,385|6,385|
|Wages and salaries|||108,203|108,203|
|National|insurance||10,993|10,993|
|Pension|costs||13,201|13,201|
||||159,923|159,923|
||||Unrestricted|Totei|
||||funds|funds|
||||2021f|2021
f|
|Pnnting,|postage and stationery||851|851|
|Advertising|||1,661|1,661|
|Computer|costs||6,515|6,515|
|Legal and professional|||2,880|2,880|
|General fundraising||expenses|||
|Wages and salanes|||32,669|32,669|
|National|insurance||4,899|4,899|
|Pension|costs||6,152|6,152|
||||55,627|55,627|
##
##
##
||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2022|2022|
|||f|
||25,245|25,245|
||Unrestncted|Total|
||funds|funds|
||2021f|2021
f|
||22,607|22,607|
|Endowment|Restricted|Total|
|funds|funds|funds|
|2022|2022|2022|
|f|f|f|
|7,822|2,236|10,058|
|Endowment|Restricted|Total|
|funds|funds|funds|
|2021f|2021|2021
f|
|7,292|2,085|9,377|
##
##
##
##
||||Total|
|---|---|---|---|
|||Education|funds|
|||2022|2022|
|||6|6|
|Staff costs||8,145,155|8,145,155|
|Teaching costs||743,009|743,009|
|Premises costs||345,555|345,555|
|Scholarships,|prizes and awards|2,423|2,423|
|Other costs||1,354,034|1,354,034|
|||10,590,176|10,590,176|
||||Total|
|||Educaffon|funds|
|||2021f|2021f|
|Staff costs||7,298,224|T,298,224|
|Teaching costs||540,910|540,910|
|Premises costs||251,716|251,716|
|Scholarships,|pnzes and awards|4,717|4,717|
|Other costs||1,058,874|1,058,874|
|||9,154,441|9,154,441|
##
##
##
##
|||||Total|
|---|---|---|---|---|
||||Education|funds|
||||2022|2022|
||||6|6|
|Staff costs|||1,998,042|1,998,042|
|Governance|costs||59,002|59,002|
|Premises costs|||1,096,972|1,096,972|
|Other administration||costs|519,339|519,339|
|~epreaation|||701,796|701,796|
|Loan interest|payable||135,618|135,818|
||||4,510,969|4,510,969|
|||||Total|
||||Education|funds|
||||2021f|2021f|
|Staff costs|||1,822,310|1,822,310|
|Governance|costs||32,624|32,624|
|Premises costs|||5,031,905|5,031,905|
|Other administration||costs|703,691|703,691|
|~epreciation|||523,118|523,118|
|Loan interest|payable||129,641|129,641|
||||8,243,289|8,243,289|
##
##
##
|||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|
|||||2022
6|2021f|2022|2021f|
|Wages and|salanes|||7,938,792|7,086,803|7,901,245|7,054,473|
|Social security costs||||803,810|704,532|803,810|704,532|
|Contribution|to defined|contribution|pension schemes|1,532,991|1,370,920|1,532,991|1,370,920|
|||||10,275,593|9,164,255|10,238,046|9,129,925|
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||No.|No.|No.|No.|
|Teaching||125|115|125|115|
|Academic|support|41|46|41||
|Admin
and|maintenance|60||60||
|Ancillary||20|20|20|20|
|||246|235|246|235|
##
##
##
|Th|e n|umber|ofemployees
whose employee
benefits (excluding
emp|loyer
pension costs) exceeded f60,000was:||
|---|---|---|---|---|---|
|||||Group|Group|
|||||2022|2021|
|||||No.|No.|
|In|the|band|f60,001 - f70,000|4|2|
|In|the|band|f70,001 - f80,000|||
|In|the|band|f80,001 - f90,000|||
|In|the|band|f90,001 - f100,000|||
|In|the|band|f100,001 - f110,0DO|1|0|
|In|the|band|f110,001 - f120,000|0|0|
|In|the|band|f120,001 - f130,000|||
|In|the|band|f130,001 - f140,000|||
|In|the|band|f140,001 - f150,0DO|1|1|
##
##
##
##
|||||Listed|
|---|---|---|---|---|
|||||Investments|
|Group|||||
|Cost or valuation|||||
|At 1 September 2021||||1,074,119|
|Revaluations||||(58,448)|
|At 31 August 2022||||1,015,671|
|Net book value|||||
|At 31 August 2022||||1,015,671|
|At 31August 2021||||1,074,119|
||Investments|in|||
||subsidiary||Listed||
||companies||Investments|Total|
|Company|||||
|Cost or valuation|||||
|At 1 September 2021||2|1,074,119|1,074,121|
|Revaluations|||(58,448)|(58,448)|
|At 31 August 2022||2|1,015,671|1,015,673|
|Net book value|||||
|At 31 August 2022||2|1,015,671|1,015,673|
|At 31August 2021||2|1,074,119|1,074,121|
##
##
##
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2022
6|2021f|2022
6|2021f|
|Due within one year||||||
|Trade debtors||260,963|139,199|259,170|138,199|
|Amounts
owed by group undertakings||||177,557|116,031|
|Other debtors||12,633|12,633|12,633|12,633|
|Prepayments|and accrued income|457,848|189,444|457,848|189,444|
|||731,444|341,276|907,208|456,307|
##
##
##
##
||||||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2022
6|2021f|2022
6|2021f|
|Bankloans|||||||368,951|365,302|368,951|365,302|
|Trade creditors|||||||616,620|455,674|612,889|451,457|
|Other taxation|||and|social security|||202,141|168,234|201,633|167,212|
|Obligations||under finance|||lease and hire purchase||||||
|contracts|||||||1,195|30,660|1,195|30,660|
|Other creditors|||||||3,078,375|4,253,091|3,076,456|4,252,166|
|Accruals|and deferred
income||||||1,437,381|1,564,470|1,428,445|1,556,449|
|||||||||||6,625,246|
||||||||5,704,663|6,837,631|5,689,569||
||||||||Group|Group|Company|Company|
||||||||2022|2021|2022|2021|
||||||||6|f|f|f|
|Deferred||income|||||||||
|Deferred|income at 1 September|||||2021|30,050|41,033|30,050|41,033|
|Resources||deferred||during|the year||194,918|30,050|194,918|30,050|
|Amounts|released|||from previous||pencds|(30,050)|(41,033)|(30,050)|(41,033)|
|||||||||||30,050|
|Deferred||income at the end of||||the year|194,918|30,050|194,918||
##
##
##
##
##
||||||||||||||Group|||Group|Company|Company|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||2022
6|||2021f|2022
6|2021f|
|Bankloans||||||||||||4,787,722|||5,140,416||4,787,722|5,140,416|
|Net obligations|||under|||finance lease||and|hire purchase||||||||||
|contracts||||||||||||||||2,118||2,118|
|Other creditors|||||||||||||108,600||359,544||108,600|359,544|
|||||||||||||||||||5,502,078|
|||||||||||||4,896,322|||5,502,078||4,896,322||
|The aggregate|||amount|||of liabilities||payable or||repayable|wholly||or in part more||than five years after the reporting|||date is:|
||||||||||||||Group|||Group|Company|Company|
||||||||||||||2022|||2021|2022|2021|
||||||||||||||6|||f|6|f|
|Bank loans repayable||||||by instalments||||||3,138,147|||3,602,032||3,138,147|3,602,032|
|||||||||||||||||||3,602,032|
|||||||||||||3,138,147|||3,602,032||3,138,147||
|The bank||loan||is|secured||by way of||first legal charge|||over|the freehold|property||and a fixed and floating||charge
over all|
|property||and|undertakings||||of the|Company.||The total||bank|loan
balance||owed|at the|year end was f5,|156,673 (2021|
|f5,505,716).|||||||||||||||||||
|Interest|is charged||||at|L95'4 over the|||base rate. The loan|||is repayable
in equal instalments|||||from December 2019to November||
|2034. At|the year||||end|the|loan balance||in creditors
includes f41,835 ofaccrued interest (2021:f50,066).||||||||||
|Financial||instruments|||||||||||||||||
||||||||||||||Group|||Group|Company|Company|
||||||||||||||2022|||2021|2022|2021|
||||||||||||||6||||f|f|
|Financial||assets|||||||||||||||||
|Financial|assets|||measured|||at fair value||through|income|||||||||
|and expenditure||||||||||||1,015,671|||1,074,119||1,015,671|1,074,119|
##
##
##
|Statement
of funds|Statement
of funds|-current year|-current year||||||
|---|---|---|---|---|---|---|---|---|
|||||Balance at 1|||||
|||||September|||Gains/|Balance at 31|
|||||2021|Income|Expenditure|(Losses)|August 2022|
|Unrestricted
funds|||||||||
|Designated
funds|||||||||
|Landscape
management||||200,000||||200,000|
|Fabric maintenance|of|Heritage|||||||
|Assets||||400,000||||400,000|
|||||600,000||||600,000|
|Generalfunds|||||||||
|General funds||||11,194,541|18,598,744|(15,122,881)||14,670,404|
|Non-chantable
trading||funds||7,334|151,775|(151,775)||7,334|
|Revaluation
reserve||||22,148,233||||22,148,233|
|||||33,350,108|18,750,519|(15,274,656)||36,825,971|
|Total Unrestricted|funds|||33,950,108|18,750,519|(15,274,656)||37,425,971|
|Endowment
funds|||||||||
|Endowment
funds||||723,109|14,133|(7,822)|(51,765)|677,655|
|Restricted funds|||||||||
|Scholarships
and bursaries|||fund|13,195|1,591|(1,372)|(1,799)|11,615|
|Pnzes||||397,371|4,872|(3,287)|(13,000)|385,956|
|CS Bure SAFE||||||||841|
|Sports & Arts||||5,552||||5,552|
|AGF Technology||||99||||99|
|AGF Heritage||||13,430|9,233|(9,235)||13,428|
|Shane Lalani Sports|Scholarship|||55,666||||55,666|
|Shane Lalani Sports|Endeavor|||867||||867|
|GiR aid||||458||||458|
|||Balance at 1|||||
|---|---|---|---|---|---|---|
|||September|||Gains/|Balance at 31|
|||2021|Income|Expenditure|(Losses)|August 2022|
|||6|6|6|6|6|
|||487,479|15,696|(13,894)|(14,799)|474,482|
|Total|offunds|35,160,696|18,780,348|(15,296,372)|(66,564)|38,578,108|
##
##
|Statement
of funds|Statement
of funds|- prior year|- prior year||||||
|---|---|---|---|---|---|---|---|---|
|||||Balance at|||||
|||||1 September|||Gains/|Balance at|
|||||2020f|Incomef|Expendituref|(Losses)
f'|31August 2021|
|Unrestricted
funds|||||||||
|Designated
funds|||||||||
|Landscape
management||||200,000||||200,000|
|Fabric maintenance|of|Heritage|||||||
|Assets||||400,000||||400,000|
|||||600,000||||600,000|
|Generalfunds|||||||||
|General funds||||12,697,766|15,825,853|(17,329,078)||11,194,541|
|Non-chantable
trading||funds||7,334|126,639|(126,639)||7,334|
|Revaluation
reserve||||22,148,233||||22,148,233|
|||||34,853,333|15,952,492|(17,455,717)||33,350,108|
|Total Unrestricted|funds|||35,453,333|15,952,492|(17,455,717)||33,950,108|
|Endowment
funds|||||||||
|Endowment
funds||||586,354|11,919|(7,292)|132,128|723,109|
|Restricted funds|||||||||
|Scholarships
and bursaries|||fund|8,443|3,970|(3,809)|4,591|13,195|
|Pnzes||||363,026|4,155|(2,993)|33,183|397,371|
|CS Bura SAFE||||841||||841|
|Sports & Arts||||5,552||||5,552|
|AGF Technology||||99||||99|
|AGF Heritage|||||28,960|(15,530)||13,430|
|Shane Lalani Sports|Scholarship|||55,666||||55,666|
|Shane Lalani Sports|Endeavor|||867||||867|
|Gift aid||||458||||458|
##
##
##
##
|||||Science at|||||
|---|---|---|---|---|---|---|---|---|
|||||1 September|||Gains/|Balance at|
|||||2020f|incomef|Expendituref|(Losses)
f|31August 2021
f|
|||||434,952|37,085|(22,332)|37,774|487,479|
|Total offunds||||36,474,639|16,001,496|(17,485,341)|169,902|35,160,696|
|Summary||offunds|||||||
|Summary||offunds|- current year||||||
|||||Balance at 1|||||
|||||September|||Gains/|Balance at 31|
|||||2021
6|Income
6|Expenditure
f|(Losses)
f|August2022f|
|Designated||funds||600,000||||600,000|
|General funds||||33,350,108|18,750,519|(15,274,656)||36,825,971|
|Endowment||funds||723,109|14,133|(7,822)|(51,765)|677,655|
|Restricted|funds|||487,479|15,696|(13,894)|(14,799)|474,482|
|||||35.160,696|18.780,348|(15,296,372)|(66,564)|38,578,108|
##
##
##
##
##
##
##
##
##
##
|||||Endowment|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2022|2022|2022|2022|
|||||6|6|6|6|
|Tangible|fixed|assets||||43,129,170|43,129,170|
|Fixed asset investments||||677,655|338,016||1,015,671|
|Current|assets||||136,466|4,897,786|5,034,252|
|Creditors|due|within one year||||(5,704,663)|(5,704,663)|
|Creditors|due|in more than one year||||(4,896,322)|(4,896,322)|
|Total||||677,655|474,482|37,425,971|38,578,108|
|Analysis
of||net assets between funds|- prior year|||||
|||||Endowment|Restricted|Unrestncted|Total|
|||||funds|funds|funds|funds|
|||||2021|2021|2021|2021|
|||||6|6|6|f|
|Tangible|fixed|assets||||38,608,620|38,608,620|
|Fixed asset investments||||723,109|351,010||1,074,119|
|Current|assets||||136,469|7,681,197|7,817,666|
|Creditom|due|within one year||||(6,837,631)|(6,837,631)|
|Creditors|due|in more than one year||||(5,502,078)|(5,502,078)|
|Total||||723,109|487,479|33,950,108|35,160,696|
##
##
##
||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||f|6|
||||||3,417,412|(1,313,943|
||Net income/expenditure
for the year (as per Statement of Financial|||Activities)||)|
||Adjustments
for:||||||
||Depreciation
charges||||701,796|523,116|
||(Gains)/losses
on investments||||58,448|(175,651)|
||Dividends,
interests|and rents from|investments||(20,574)|(16,547)|
||Loss on the disposal|offixed assets|||7,365|3,234,466|
||Decrease/(increase)|in debtors|||(390,169)|317,770|
||Increase/(decrease)|in creditors|||(1,358,095)|984,934|
||Interest paid||||138,098|133,109|
||Net cash provided|by operating|activities||2,554,281|3,667,056|
|27.|Analysis ofcash and cash equivalents||||||
||||||Group|Group|
||||||2022
6|2021f|
||Cash in hand||||4,302,808|7,476,390|
||Total cash and cash equivalents||||4,302,808|7,476,390|
##
##
##
##
##
##
##
##
##
##
##
##
|The following|The following|was a subsidiary
undertaking|was a subsidiary
undertaking|ofthe Company:|||||
|---|---|---|---|---|---|---|---|---|
|Name||||Company|Class of|Holding|Included|in|
|||||number|shares||consolidation||
|Claremont|Fan Court Enterprises||Limited|01698864|Ordinary|100'/|Yes||
|The finanmal||results ofthe subsidiary
for the year were:|||||||
|Name|||||Incomef|Expenditure|6
Net assets
f||
|Claremont|Fan Court Enterpnses||Limited||151,775|(151,775||7,336|
||||||||)||