2023-08-31-accounts - St Edmund's School Trust Limited

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					Total	Total
					2023	2022
Net cash flow from operating	activities				1,372,673	1,918,098
Net cash provided by/(used	in) investing		activities
Purchase of fixed assets					(2,553,400)	(1,640,791)
Interest received					122
Net cash provided by/(used	in) financing			activities
Interest paid					(235,463)	(188,456)
Loan advance					1,200,000
Hire purchase						111,190
Repayment of loans and hire	purchase				(266,469)	(274,422)
Change in cash and cash equivalents		in the period			(482,537)	(74,381)
Cash and cash equivalents at the beginning				of the period	703,793	778,174
Cash and cash equivalents	at the end ofthe period				f221,256	f703,793
Reconciliation ofnet income to net
cash flow from operating activities
Net income for the reporting	period				218,705	354,735
Investment income					(122)
Interest paid					235,463	188,456
Decrease / (increase) in stocks					2,128	(6,477)
Decrease / (increase) in debtors					99,593	(132,463)
(Decrease) / increase in creditors					(47,377)	712,337
Depreciation					864,283	772,142
Loss/(profit) on disposal of	fixed assets					29,368
Net cash flow from operatiug activities					g1,372,673	K1,918,098
Analysis ofcash and cash equivalents
Bank balances					f221,256	$703,793

		2023	2022
	Notes
FIXED ASSETS
Tangible assets		11,572,587	9,883,470
CURRENT ASSETS
Stock	9	10,335	12,463
Debtors	10	391,665	491,258
Cash at bank and in hand		221,256	703,793
		623,256	1,207,514
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR	11	1,943,545	2,517,484
NET CURRENT LIABILITIES		(1,320,289)	(1,309,970)
TOTAL ASSETS LESSCURRENT
LIABILITIES		10,252,298	8,573,500
CREDITORS; AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR	12	6,100,386	4,640,293
TOTAL NET ASSETS		f4,151,912	$3,933,207
The funds of the charity:
UNRESTRICTED FUNDS	13	4,151,912	3,933,207
RESTRICTED FUNDS	13
		K4,151,912	K3,933,207

				2023
		Staff	Other
		costs	costs	Depreciation	Total
		f.
Raising funds Marketing costs and salary		36,074	104,181		140,255
Charitable	activities
Teaching Welfare		3,972,418 75,340	450,510 765,959	567,462	4,990,390 841,299
Premises		414,088	624,640	241,849	1,280,577
Supporting	costs of schooling	541,103	639,498	54,972	1,235,573
		5,002,949	2,480,607	864,283	8,347,839
		g5,039,023	E2,584,788	f864,283	f8,488,094

ANALYSIS OF	RES	OU	RCES	EXPEN	DED (CONTIN	U	ED)
							2022
					Staff		Other
					costs f,		costsf Depreciation	Total f.
Raising funds Marketing costs	and	salary			29,330		92,193	121,523
Charitable activities
Teaching Welfare					3,542,488 70,113		398,685 618,500 442,146	4,383,319 688,613
Premises					348,780		509,596 279,799	1,138,175
Supporting costs	of schooling				516,393		576,570 50,197	1,143,160
					4,477,774		2,103,351 772,142	7,353,267
					f4,507, 104	f2,195,544 f772,142		K7,474,790
							2023	2022
NET MOVEMENT		IN	FUNDS
This is stated after charging:
Depreciation of	tangible		fixed	assets:
			—owned				814,137	719,771
			—held under		hire purchase		50,146	52,371
Auditors' remuneration							8,880	8,112
Auditors' non-audit		costs					3,588	3,498
Interest on hire purchase			contracts				10,939	10,179
During the year	no Governors			received	any remuneration		or benefits in kind (2022: KNil)
							2023	2022
STAFF COSTS
Wages and salaries							3,988,596	3,544, 144
Social Security	costs						366,268	348,815
Pension contributions							679,406	611,558
Apprenticeship	levy						4,753	2,587
							f5,039,023	f4,507,104

	NOTES	FORMING PART	FORMING PART	FORMING PART	OF THE FINANCIAL STATEMENT	OF THE FINANCIAL STATEMENT	S
		FOR THE YEAR			ENDED 31ST AUGUST 2023
					(Co ntiuued)
						2023	2022
9.	STOCK					f.
	Consumables					f10,235	f.12,463
10.	DEBTORS
	Fees debtors					129,635	227,202
	Prepayments and accrued		income			262,030	264,056
						f391,665	f491,258
11.	CREDITORS; AMOUNTS FALLING				DUE
	WITHIN ONE YEAR
	Fees charged in advance					906,354	1,545,908
	Bank loans (current	instalments)				272,966	206,123
	Hire purchase					33,288	57,414
	Trade creditors					337,199	392,813
	Payroll taxes and social security costs					99,423	89,954
	Other creditors					128,355	137,138
	Accruals					165,960	88,134
						f1,943,545	f2,517,484
	Bank loans and overdraft		facilities:
	All monies advanced	by the bank are secured on the School's freehold land and					buildings.
	The bank loans are	repayable		by July	2025, May	2026, November 2038, August 2043, June
	2044 and July 2045. Interest			is charged	at 4.23%,	2.18%, 5.84%, 4.91%,3.17% and 2.94%
	respectively.
12.	CREDITORS: AMOUNTS FALLING				DUE
	AFTER MORE THAN ONE			YEAR
	Fees in advance					531,121
	Bank loans					5,262,983	4,338,883
	Hire purchase					34,922	68,210
	Other creditors					271,360	233,200
						f6,100,386	f4,640,293

FUNDS		2023
	Unrestricted	Restricted	Total
		g
Balance at 1st September 2022	3,933,207		3,933,207
Net incoming resources before transfers	218,705		218,705
Balance at 31st August 2023	f4,151,912		g4,151,912
REPRESENTED BY:
Tangible fixed assets	11,572,587		11,572,587
Net current liabilities	(1,320,289)		(1,320,289)
Long term liabilities	(6,100,386)		(6,100,386)
	f4,151,912		K4,151,912
		2022
	Unrestricted	Restricted	Unrestricted
Balance at 1st September 2021	3,578,472		3,578,472
Net incoming resources before transfers	354,735		354,735
Balance at 31st August 2022	g3,933,207		g3,933,207
REPRESENTED BY:
Tangible fixed assets	9,883,470		9,883,470
Net current liabilities	(1,309,970)		(1,309,970)
Long term liabilities	(4,640,293)		(4,640,293)
	g3,933,207		f3,933,207