##
##
||||||Page|
|---|---|---|---|---|---|
|Reference and administrative||details|ofthe company,|its Trustees and advisers||
|Trustees'
report|||||2-14|
|Independent|auditor's
report|on the|financial statements||15 - 18|
|Consolidated|statement
offinancial||activities||19|
|Consolidated|balance sheet||||20-21|
|Company
balance sheet|||||22-23|
|Consolidated|statement ofcash flows||||24|
|Notes tothe|financial statements||||25-48|
##
##
|Trustees|||N Allan||
|---|---|---|---|---|
||||AJBBarnes||
||||J M Donora||
||||N D Hammond||
||||J E Priory||
||||GJ Piper||
||||M J Ringer (appointed|1 September 2023)|
||||M Sloan||
||||JJThompson||
||||A M Wakefield||
|Company|registered||||
|number|||1468693||
|Charity registered|||||
|number|||279267||
|Registered||office|Barrow Lane||
||||Langton Green||
||||Tunbridge
Wells||
||||Kent||
||||TN3 OEB||
|Independent||auditor|Crowe U.K. LLP||
||||Riverside
House||
||||40-46 High Street||
||||Maidstone||
||||Kent||
||||ME14 1JH||
|Solicitors|||Thomson
Snell and Passmore||
||||3 Lonsdale Gardens||
||||Tunbridge
Wells||
||||Kent||
||||TN1 1NX||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
||||Note|2023
6|2023f|2023
6|2022|
|Income from:||||||||
|Donations
and legacies||||5,'717|9,518|15,235|35,595|
|Charitable
activities||||8,213,823||8,213,823|7,555,367|
|Other trading
activities||||379,411||379,411|387,908|
|Investments||||101,907||101,907|5,673|
|Total income||||8,700,858|9,518|8,710,376|7,964,543|
|Expenditure
on:||||||||
|Raising funds|||7|318,219||318,219|291,613|
|Charitable
activities|||8|7,611,589|8,750|7,620,339|7,351,370|
|Total expenditure||||7,929,808|8,750|'7,938,558|7,642,983|
|Net movement
in funds||||771,050|768|771,818|341,560|
|Reconciliation
offunds:||||||||
|Total funds brought|forward|||13,062,627|2,975|13,065,602|12,724,042|
|Net income attributable||to the parent||||||
|company||||783,350||783,350|321,071|
|||||13,845,977|2,975|13,848,952|13,046,013|
|Net income attributable||to non-||||||
|controlling
interests||||22,149||22,149|19,580|
|Total funds carried forward||||13,868,126|2,975|13,871,101|13,065,602|
##
||||||CONSOLIDATED|BALANCE SHEET|||
|---|---|---|---|---|---|---|---|---|
||||||AS AT 31AUGUST 2023||||
||||||Note|2023
E||2022f|
|Fixed assets|||||||||
|Tangible assets|||||12|12,262,145||12,13ZOee|
|||||||12,262,145||12132,088|
|Current assets|||||||||
|Stocks|||||14|11,184|8,17¹||
|Debtors|||||15|361,57¹|291,512||
|Cash at bank and||in|hand|||3,576,103|4,127,281||
|||||||3,948,861|4,426,967||
|Creditors: amounts|||falling|due within|one||||
|year|||||16|(1,746,636)|(1,875,856)||
|Net current assets||||||2,202,225||2,551,111|
|Total assets less||current||liabilities||14,464,370||14,583,199|
|Creditors; amounts|||falling|due after|more||||
|than one year|||||17|(626,950)||(1,617,597)|
|Total net assets||||||13,837,420||13,065,602|
|Charity funds|||||||||
|Restricted funds|||||19|3,743|2,975||
|Total restricted funds|||||19|3,743||2,975|
|Unrestricted
funds|||||||||
|Designated
funds|||||19|12,322,137|12,153,401||
|General funds|||||19|230,570|(393,893)||
|Total unrestdcted||funds|||19|12,552,707||11,759,508|
|Tots I funds||||||12,556,450||11,762,483|
|Non-controlling|interests|||||1,280,970||1,303,119|
|||||||13,837,420||I3,065,602|
|||COMPANY BALANCE SHEET|COMPANY BALANCE SHEET|||
|---|---|---|---|---|---|
|||AS AT 31AUGUST 2023||||
|||Note|2023
8||2022f|
|Fixed assets||||||
|Tangible assets||12|9,654,171||9,478,298|
|Investments||13|2,573,111||2,573,111|
||||12,227,282||12,051,409|
|Current assets||||||
|Stocks||14|11,184|8,174||
|Debtors||15|364,146|292,308||
|Cash at bank and|in hand||3,535,947|4,088,668||
||||3,911,277|4,389,150||
|Creditors: amounts|falling|due within one||||
|year||16|(1,720,368)|(1.852,845)||
|Net current assets|||2,190,909||2,535,305|
|Total assets less|current|liabilities|14,418,191||14,587,714|
|Creditors: amounts|falling|due after more||||
|than one year||17|(625,000)||(1,615,647)|
|Total net assets|||13,793,191||12,972,057|
|Charity funds||||||
|Restricted funds||19|3,743|2,975||
|Total restdcted funds||19|3,743||2,975|
|Unrestricted
funds||||||
|Designated
funds||19|12,287,274|'I2,072,722||
|General funds||19|1,502,174|896,370||
|Total unrestricted|funds|19|13,789,448||I2,969,092|
|Total funds|||13,793,191||12,972,067|
##
##
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||6|8|
|Cash flows from operating||activities||||||
|Net cash|used
in operating|activities||||1,140,929|877,880|
|Cash flows from investing||activities||||||
|Dividends,|interests and rents from investments|||||101,907|5,673|
|Proceeds|from the sale of intangible assets||||||300|
|Purchase|oftangible
fixed assets|||||(620,145)|(304,452)|
|Net cash|used in investing|activities||||(518,238)|(298,479)|
|Cash flows from financing||activities||||||
|Repayments
of borrowing||||||(1,109,886)|(1,136,465)|
|Interest
paid||||||(63,983)|(70,701)|
|Net cash|used in financing|activities||||(1,173,869)|(1,207,166)|
|Change
in cash and cash||equivalents
in|the year|||(551,178)|(627,765)|
|Cash and|cash equivalents|at the beginning|ofthe year|||4,127,281|4,755,046|
|Cash and|cash equivalents|at the end of|the year||23|3,576,103|4,'127,281|
|The notes|on pages 25 to 48 form part ofthese financial|||statements||||
##
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##
##
|3.|Income from donations|and legacies (continued)||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2022f|2022
5|2022
5|
||Donations||35,131|464|35,595|
|4.|Income from charitable|activities||||
|||||Unrestricted|Total|
|||||funds|funds|
|||||2023|2023f|
||Fees|||8,016,128|8,016,128|
||Extras|||197,695|197,695|
|||||8,213,823|8,213,823|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2022|2022|
||Fees|||7,356,888|7,356,888|
||Extras|||198,479|198,479|
|||||7,555,367|7,555,367|
|Unrestricted|Restricted|Total|
|---|---|---|
|funds|funds|funds|
|2022f|2022
5|2022
5|
|35,131|464|35,595|
##
##
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023|2023|
|||||6|
||Summer schools courses and swim school||342,920|342,920|
||School facilities letting||36,491|36,491|
||||379,411|379,411|
||||Unrestricted|Total|
||||funds|funds|
||||2022
5|2022f|
||Summer schools courses and swim school||370,210|370,2'/0|
||School facilities letting||17,698|17,698|
||||387,908|387,908|
|6.|Investment|income|||
||||Unrestricted|Total|
||||funds|funds|
||||2023|2023|
||||6||
||Bank interest|receivable|101,907|101,907|
||||Vnrestrlcted|Total|
||||funds|funds|
||||2022
5|2022f|
||Bank interest|receivable|5,673|5,673|
##
##
##
##
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2023|2023|
|Staff|costs|191,310|191,310|
|Other|costs|126,909|126,909|
|||318,219|318,219|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2022|
|||6||
|Staff|cost|195,196|195,196|
|Other|costs|96,417|96,417|
|||291,613|291,613|
##
##
##
##
##
||||||Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|
||||||funds|funds|Total|
||||||2023|2023|2023|
||||||6|||
|Educational||expenses|||5,176,011||5,178,011|
|Establishment||expenses|||901,241||901,241|
|Discounts,|bursaries||and|scholarships|358,650||358,650|
|Administration|||||1,109,704|8,750|1,118,454|
|Interest|||||63,983||63,983|
||||||7,611,589|8,750|7,620,339|
||||||Unrestricted|Restricted||
||||||funds|funds|Total|
||||||2022|2022|2022|
|||||||L'||
|Educational|expenses||||4,920,709||4,920,709|
|Establishment||expenses|||823,427||823,427|
|Discounts,|bursaries||and|scholarships|415,436||415,436|
|Administration|||||1,108,003|13,094|1,121,097|
|Interest|||||70,701||70,701|
||||||7,338,276|13,094|7,351,3TO|
##
##
##
##
|||||Staff costs|Staff costs|Depreciation|Other costs|Total|
|---|---|---|---|---|---|---|---|---|
||||||2023
f|2023
f|2023
f|2023f|
|Educational|expenses|||4,447,531|||730,480|5,178,011|
|Establishment|expenses|||201,702|||699,539|901,241|
|Discounts,
bursades||and scholarships|||||358,650|358,650|
|Administration|||||276,044|490,089|352,321|1,118,454|
|Interest|||||||63,983|63,983|
|||||4,925,277||490,089|2,204,973|7,620,339|
|||||Staff costs||Depreciation|Other costs|Total|
||||||2022
f|2022
f|2022f|2022f|
|Educational|expenses|||4,303,933|||616,776|4,920,709|
|Establishment|expenses||||199,684||623,743|823,42T|
|Discounts,
bursaries||and scholarships|||||415,436|415,436|
|Administration|||||277,953|472,021|371,122|1,121,096|
|Interest|||||||70,702|70,702|
|||||4,|781,570|472,021|2,097,779|7,351,370|
|Auditor's
remuneration|||||||||
||||||||2023f|2022|
|Fees payable|to the company's||auditor|for the audit ofthe company's|||||
|annual
accounts|||||||13,765|12,735|
|Fees payable|to the company's||auditor|in respect of:|||||
|Taxation compliance||services|||||1,050|960|
|Accounts preparation|||||||1,785|1,165|
|Teacher pension scheme fee|||||||890||
##
##
##
|Staff cos|ts|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Group||Gmup|Company|Company|
||||||2023||2022|2023|2022|
|||||||||5|5|
|Wages and salaries|||||3,945,136||3,810,898|3,945,136|3,810,898|
|Social security|||costs||390,334||382,756|390,334|382,755|
|Contribution||to defined contribution||pension||||||
|schemes|||||589,807||587918|589,807|587916|
||||||4,825,277||4,781,570|4,925,277|4,781,570|
|The average||number of persons employed|||by the company|during|the year was|as follows:||
|||||||||Group|Group|
|||||||||2023|2022|
|||||||||No.|No.|
|Teachers|and||matrons|||||74|72|
|Cateding|and|domestic||||||19|18|
|Grounds|and|maintenance||||||6|7|
|Administration||||||||13|12|
|Swim school||||||||7|6|
|Other||||||||7|6|
|||||||||126|121|
|Group|Group|
|---|---|
|2023|2022|
|No.|No.|
##
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##
##
##
##
|||Investments|
|---|---|---|
|||In|
|||subsidiary|
|||companies|
|Company||5|
|Cost|||
|At 1 September|2022|2,573,111|
|At 31 August 2023||2,573,111|
|Net book value|||
|At 31 August 2023||2,573,111|
|At 31August 2022||2,573,111|
##
|Names|||Company|Registered|office|Principal|activity|activity|Class of|Holding|
|---|---|---|---|---|---|---|---|---|---|---|
||||number|or principal
place|||||shares||
|||||ofbusiness|||||||
|Holmewood||House|00331126|Langton Green,||Provision|of freehold||Founder|50'/o|
|Properties|Limited|||Tunbridge|Wells,|property|snd|fixtures|shares||
|(incorporated||in England)||Kent, TN3|OEB|to Holmewood||House|||
|||||||School|||||
||||||||||Bond|55'/o|
||||||||||shares||
||||||||||A Shares|100'/o|
|Holmewood||House|05334651|Langton Green,||Dormant|||Ordinary|100'/0|
|Services Limited||||Tunbdidge|Wells,||||||
|(incorporsted||in England)||Kent, TN3|OEB||||||
##
##
##
|||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
||||||8||8|
|Finished goods and goods for resale||||11,184|8,174|11,184|8,174|
|Debtors||||||||
|||||Group|Group|Company|Company|
|||||2023
6|2022
8|2023|2022f|
|Due within|one year|||||||
|Trade debtors||||90,221|67,113|90,221|67,ff3|
|Amounts
owed by group undertakings||||||2,573||
|Other debtors||||41,694|19,401|41,694|20,197|
|Prepayments||and accrued income||229,659|204,998|229,658|204,998|
|||||361,574|291,512|364,146|292,308|
|Creditors:|Amounts||falling due within one year|||||
|||||Group|Group|Company|Company|
|||||2023
6|2022f|2023
6|2022f|
|Bankloans||||28,409|188,919|28,409|168,919|
|Trade creditors||||141,037|122,870|141,037|122,870|
|Corporation|tax|||23,171|19,916|||
|Other taxation||and social security||94,593|94,759|94,593|94,759|
|Other creditors||||520,692|740,499|520,692|740,501|
|Accruals and||deferred|income|938,734|728,893|935,637|725,798|
|||||1,746,636|1,875,856|1,720,368|1,852,845|
##
##
##
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2023f|2022f|2023|2022f|
|Bank loans||625,000|1,594,376|625,000|1,594,376|
|Accruals and deferred|income||21,271||21,271|
|Share capital treated|as debt|1,950|1,950|||
|||626,950|1,617,597|625,000|1,615,647|
##
##
||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2023
8|2022
f|2023
f.|2022
f|
|Financial|assets||||||
|Financial|assets measured|at amoitised cost|3,576,103|4,213,793|3,535,947|4,175,997|
||||Group|Group|Company|Company|
||||2023|2022
f|2023|2022|
|Financial|liabilities||||||
|Financial|liabilities measured|at amortised|||||
|cost|||(2,255,822)|(3,378,779)|(2,250,775)|(3,373,734)|
##
##
|19.|Statement offunds|||||||
|---|---|---|---|---|---|---|---|
||Statement
offunds|- current|year|||||
||||Balance at 1||||Balance at|
||||September|||Transfers|31August|
||||2022
6|Income|Expendituref|in/out
f|2023
f|
||Unrestricted
funds|||||||
||Designated
funds|||||||
||Designated
Funds||12,132,088||(620,145)|750,202|12,262,145|
||Bursary Fund||21,313|||38,679|59,992|
||||12,153,401||(620,145)|788,881|12,322,137|
||General funds|||||||
||General Funds||(393,893)|8,700,858|(7,309,663)|(777,327)|219,975|
||Minority Interest||1,303,119|||(11,554)|1,291,565|
||||909,226|8,700,858|(7,309,663)|(788,881)|1,511,540|
||Total Unrestricted|funds|13,062,627|8,700,858|(7,929,808)||13,833,677|
||Restricted funds|||||||
||Bursary and Community|||||||
||Outreach
Fund||826|9,458|(8,750)||1,534|
||The Rieckmann
Fund||2,149|60|||2,209|
||||2,975|9,518|(8,750)||3,743|
||Total offunds||13,065,602|8,710,376|(7,938,558)||13,837,420|
##
##
|Stateme|nt
offu|nds|- prior y|ear|||||
|---|---|---|---|---|---|---|---|---|
|||||Ba/ance at||||Balance at|
|||||1September|||Transfers|31August|
|||||2021f|Income
6|Expenditure|in/out
5|2022
f|
|Unrestricted
funds|||||||||
|Designated
funds|||||||||
|Designated
Funds||||12,401,761||(304,452)|34,780|12,132,089|
|Bursary|Fund||||||21,312|21,312|
|||||12,401,761||(304,452)|56,092|12,153,401|
|General|funds||||||||
|General|Funds|||(1,016,032)|7,984,079|(7,325,437)|(36,503)|(393,893)|
|Minority|Interest|||1,322,708|||(19,589)|1,303,119|
|||||306,676|7,984,079|(7,325,437)|(56,092)|909,226|
|Total Unrestricted|||funds|12,708,437|7,984,079|(7,629,889)||13,062,627|
|Restricted funds|||||||||
|Bursary|and Community||||||||
|Outreach|Fund|||13,920||(13,094)||826|
|The Rieckmann||Fund||1,685|464|||2,149|
|||||'I5,605|464|(13,094)||2,975|
|Total of|funds|||12,724,042|7,984,543|(7,642,983)||13,065,602|
##
##
##
##
|||||Balance at 1||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||||September|||Transfers|31 August|
|||||2022
6|Income|Expenditure
6|in/out
f|2023
f|
|Designated||funds||12,153,401||(620,145)|788,881|12,322,137|
|General|funds|||909,226|8,700.858|(7.309,663)|(788,881)|1,511,540|
|Restricted||funds||2,975|9,518|(8,750)||3,743|
|||||13,065,602|8,710,376|(7,938,558)||13,837,420|
|Summary||offunds|-prior year||||||
|||||Ba/ance at||||Balance at|
|||||1 September|||Transfers|31August|
|||||2021f|Income
f|Expenditure
f|inloul|2022f|
|Designated||funds||12,401,761||(304,452)|58,092|12,153,401|
|General|funds|||306,676|7,984,079|(7,325,437)|(56,092)|909,226|
|Restricted||funds||15,605|484|(13,094)||2,975|
|||||12,724,042|7,984,543|(7,542,983)||13,065,802|
|Analysis|of n|et assets between funds - current|year|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2023|2023|2023|
||||6|6||
|Tangible|fixed|assets|12,262, 145||12,262,145|
|Current|assets||3,945,117|3,743|3,948,860|
|Creditors|due|within one year|(1,746,636)||(1,746,636)|
|Creditors|due|in more than one year|(626,950)||(626,950)|
|Total|||13,833,676|3,743|13,837,419|
##
##
##
||Analysis|of n|et as|set|s between
f|unds
-|prior year||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted|Restricted|To/a/|
|||||||||funds|funds|funds|
|||||||||2022|2022f|2022|
||Tangible|fixed|assets|||||12,13ZO68||12,132,068|
||Current|assets||||||4,423,992|2,975|4,426,967|
||Creditors|due|within|one year||||(1,875,856)||(1,875,856)|
||Creditors|due|in more than one year|||||(1,617,597)||(1,617,597)|
||Total|||||||13,062,627|2,975|13,065,602|
|22.|Reconciliation||of|net|movement|in funds to net cash flow from operating|||activities||
||||||||||Group|Group|
||||||||||2023|2022|
||||||||||8||
||Net income for the|||year (as per Statement|||ofFinancial|Activities)|771,818|341,560|
||Adjustments||for:||||||||
||Depreciation
charges||||||||490,089|472,021|
||Interest|paid|||||||63,983|70,701|
||Dividends,
interests|||and rents from||investments|||(101,907)|(5,673)|
||Loss/(profit)
on the|||sale offixed assets||||||(300)|
||Decrease/(increase)|||in stocks|||||(3,010)|2,935|
||Increase|in debtors|||||||(70,060)|(93,370)|
||Increase/(decrease)|||in|creditors||||(9,984)|90,469|
||Net cash provided|||by operating||activities|||1,140,929|678,343|
|23.|Analysis|ofcash and|||cash equivalents||||||
||||||||||Group|Group|
||||||||||2023
f|2022
f|
||Cash in|hand|||||||3,576,103|4,127,281|
|||||||||||Page 46|
##
##
##
##
##
##
|payments|und|er non-cancellable
operating
leas|es as follows:||||
|---|---|---|---|---|---|---|
||||Group|Group|Company|Company|
||||2023
6|2022f|2023
8|2022f|
|Not later than||1 year|12,611|104,280|201,611|293,480|
|Later than|1 year and not later than 5years||37,834|34,344|604,834|787,344|
|Later than|5 years||63,057||63,057|820,250|
||||113,502|138,624|869,502|1,901,084|
##