2023-08-31-accounts

						Page
	Trustees' annual report (incorporating the			director's	report)
	Independent auditor's	report to	the members			18
	Statement offinancial	activities	(including	income and
	expenditure account)					24
	Statement offinancial	position				25
	Statement ofcash flows					27
	Notes to the financial	statements				28
,.	The following pages	do not form part ofthe financial statements
	Detailed statement of	financial	activities			41
	Notes to the detailed	statement	offinancial	activities		42'

	School	No.of	School	No. of
		pupils		pupils
Southend	High School for Girls		Southend High School for Boys
Westcliff	High School for Girls		Shoeburyness High School
StThomas	More High School for		King Edward Vl Grammar
	Boys		School
Belfairs Academy			Chelmsford High School for Girls
The	King John School		Thorpe Hall School	10

Reaching	National	Difference	Reaching	National	Difference	Average	National	Difference
100+			110+			point
iexpected			(Greater			score
level)			depth)
BED	73%i	+12	44ss		+20	108	104

Reaching	National	Difference	Reaching	National	Difference	Average	National	Difference
100+			110+			point
(expected			(Greater			score
level)			depth
87%o	73o/o	+14		29%	+15	108.6	105	+3.6

Reaching	National	Difference	Reaching	National	Difference	Average	National	Difference
100+			110+			pnlrl t
(expected			(Greater			score
level)			depth
9296	72%o	+20	5496	30%	+24	109.5	105	+4.5

Reaching	expected	level	National	Difference	Reaching	Greater	depth	National	Difference
92%			71%	+21	28%			13%	+15

REVIEW OF THE ACHIEVEM	ENTS AND	PERFORMAN	CE FOR THE YEAR (mntlnued )	CE FOR THE YEAR (mntlnued )
Combined Mathematics	Readin	and Wditin	Scores
Reaching expected level	National	Difference		Reaching Greater depth	National	Difference
in all three areas:				in all three areas:
79SS	59o/o	+20		23%		15SS

			2023	2023	2022
			Unrestricted
			funds	Total funds	Total funds
		Note			E
Income and endowments
Donations and grants		5	8	8	500
Charitable activities		6	2,886,679	2,886,679	2,821,594
Fundraising activities		7	8,468	8,468
Investment income		8	1,511	1,511	14
Total Income			2,896,666	2,896,666	2,822,108
Expenditure
Expenditure on charitable	activities	9,10	2,833,307	2,833,307	2,899,937
Other expenditure		11	11,599	11,599	11,960
Total expenditure			2,844,906	2,844,906	2,911,897
Net incomel(expenditure)			51,760	51,760	f89,789)
Other recognised gains	and losses
Gains from revaluation of	fixed assets		111,915	111,915
Net movement in funds			163,675	163,675	(89,789)
Reconciliation offunds
Total funds brought forward			321,724	321,724	411,513
Total funds carried forward			485,399	485,399	321,724

				2023		2022
			Note	6
Fixed assets
Tangible fixed assets			16		750,198		664,525
Current assets
Stocks			17	3,500		4,092
Debtors			18	72,573		115,963
Cash at bank and in hand				287,907		189,757
				363,980		309,812
Creditors: amounts		falling due
within one year			19	452,827		438,466
Net current liabilities					88,847		128,654
Total assets less current liabilities					661,351		535,871
Creditors: amounts	falling due after
more than one year			20		175,952		214,147
Net assets					485,399		321,724
Funds ofthe charity
Unrestricted funds:
Revaluation reserve				115,188
Other unrestricted		income funds		370,211		321,724
Total unrestricted funds				485,399		321,724
Total charity funds			22		485,399		321,724

			2023	2022
				6
Cash flows from operating activities
Net income/(expenditure)			51,760	(89,789)
Adjustments for.
Depreciation oftangible fixed assets			29,323	40,398
Other interest receivable and similar income			(1,51'I)	(14)
Interest payable and similar	charges		10,970	6,894
Accrued expenses/(income)			5,548	(23,163)
Changesin:
Stocks			592	(37)
Trade and other debtors			43,390	13,098
Trade and other creditors			(295)	54,352
Cash generated from operations			139,777	1,739
Interest paid			(10,970)	(6,894)
Interest received			1,511	14
Net cash trom/(used in) operating activities			130,318	(5,141)
Cash flows from Investing	activities
Purchase oftangible assets			(3,081)	(65,598)
Proceeds from sale oftangible assets				60
Net cash used in investing activities			(3,081)	(65,538)
Cash flows from financing	activities
Proceeds from borrowings			(29,087)	(28,484)
Net cash used in financing	activities		(29,087)	(28,484)
Net increase/(decrease) in cash and cash		equivalents	98,150	(99,163)
Cash and cash equivalents	at beginning	ofyear	189,757	288,920
Cash and cash equivalents	at end ofyear		287,907	189,757

value, over the useful econom	ic life ofthat asset	as fo
Fixtures 3Fittings Other Equipment	20% straight 33%straight	line line
Computer Equipment	33%straight	line
Library Demountable	10%straight	line

				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
				E	E	E	E
	Donations
	Donations				8	500	500
6.	Charitable	activities
				Unrestricted	TotaIFunds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
				E	E	E	E
	School tuition		fees	2,860,860	2,860,860	2,799,210	2,799,210
	Registration	fees		3,600	3,600	3,960	3,960
	Miscellaneous		school income	22,219	22,219	18,424	18,424
				2,886,679	2,886,679	2,821,594	2,821,594
7.	Fundraising		activities
				Unrestricted	Total Funds	Unrestricted	Totai Funds
				Funds	2023	Funds	2022
					E	E	E
	Fundraising	events		8,468	8,468
8.	Investment	income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
				E	E	E	E.
	Bank interest		receivable	1,511	1,511	14	14

Expendi	ture o	n charitable act	ivities by fund type
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
				E
School	running	costs	2,504,973	2,504,973	2,562,873	2,562,873
Support	costs		328,334	328,334	337,064	337,064
			2,833,307	2,833,307	2,899,937	2,899,937

Expenditure on charitable act	ivities by activity type
	Activities
	undertaken	Support	Totalfunds	Total fund
	directly	costs	2023	2022
	E	E	E	E
School running costs	2,504,973	271,393	2,776,366	2,823,490
Governance costs		56,941	58,941	76,447
	2,504,973	328,334	2,833,307	2,899,937

Other	exp	enditure
				Unrestricted	Total	Funds	Unrestricted	Total	Funds
				Funds		2023	Funds		2022
						E	E
Bank	and	merchant	charges	11,599		11,599	11,960		11,960

	Net income/(ex	penditure)	is stated after charging/(crediting):
				2023		2022
				E		E
	Depreciation oitangible		fixed assets	29,323		40,398
13.	Auditors remuneration
				2023		2022
				E		E
	Fees payable	for the audit ofthe financial statements		8,380		8,500
	Other services			2,660	.	3,122

Staff costs
The total staff costs and	employee	benefits for		the reporting	period are analysed as		follows:
						2023	2022
							6
Wages and salaries					1,724,976		1,719,973
Social security costs						155,925	158,636
Employer contributions	to pension	plans				284,827	288,800
					2,165,728		2,167,409
The average head count ofemployees			during the year was		86 (2022:94).
The number ofemployees whose		remuneration		for the year	fell within the	following	bands, were:
						2023	2022
						No.	No.
F60,000to 669,999						2	3
F70,000to 679,999						1
						3
Key Management Personnel

Tangible fixed ass	ets
	Freehold
	land and	Fixtures and	Other	Computer	Library
	property	fittings	equipment	equipment	demountable	Total
			E	E	E	E
Cost or
valuation
At 1 Sep 2022	558,085	108,263	57,756	107,269	85,728	917,101
Additions		3,081				3,081
Revaluations	111,915					111,915
At 31 Aug 2023	670,000	111,344	57,756	107,269	85,728	1,032,097
Depreciation
At 1 Sep 2022		52,979	51,216	105,517	42,864	252,576
Charge for the
year		15,435	3,999	1,316	8,573	29,323
At 31Aug 2023		68,414	55,215	106,833	51,437	281,899
Carrying amount
At 31Aug 2023	670,000	42,930	2,541	436	34,291	750,198
At 31Aug 2022	558,085	55,284	6,540	1,752	42,864	664,525

17.	historical cos Stocks	t of the freehold land is E488,085.
			2023	2022
			E	E
	Stock		3,500	4,092
18.	Debtors
			2023	2022
			E	E
	Prepayments	and accrued income	44,728	40,653
	School fees		27,845	75,310
			72,573	115,963

Creditors: amo	unts f	alling due within one year
			2023	2022
			E
Bank loans and	overdrafts		29,791	34,158
Trade creditors			36,272	27,701
Accruals and deferred		income	253,289	247,741
Socialsecurity	and othertaxes		36,461	38,023
Returnable deposits			82,250	75,250
Other creditors			14,764	15,593
			452,827	438,466

Credi	tors: amounts falling due after more than	one year
		2023	2022
		E	E
Bank	loans and overdrafts	159,143	183,863
Other	creditors	16,809	30,284
		175,952	214,147

Analysis o	fcharitable	funds
		Balance at
		1				Balance at
		September				31August
		2022	Income	Expenditure	Transfers	2023
		6	8	8	6	8
Designated	Fund
Public Benefit		75,000		(39,586)	39,586	75,000
General Funds		246,724	2,888,198	(2,805,320)	(42,859)	286,743
Chapel Window fund			8,468			8,468
Revaluation	reserve		111,915		3,273	115,188
Total		321,724	3,008,581	(2,844,906)		485,399

Analysis o	fnet assets between funds
		Tangible
		fixed	Other net
		assets	assets	Total
		8	6	8
Unrestricted	Income Funds:
Designated	funds		83,468	83,468
General funds		750,198	(348,267)	401,931
Total funds		750,198	(264,799)	485,399

Analy	sis ofchang	es in net debt
			At		At
			1 Sep 2022	Cash flows	31Aug 2023
			5	E	E
Cash	at bank and	in hand	189,757	98,150	287,907
Debt	due within one year		(34,158)	4,367	(29,791)
Debt	due after one	year	(183,863)	24,720	(159,143)
			(28,264)	127,237	98,973

Operating	lea	se commit	ments
The total	future	minimum	lease payments	under	non-cancellable	operating leases are	as follows:
						2023 E	2022 f
Not later than		1 year				49,038	56,871
Later than	1 year and not		later than 5years			50,400	99,578
						99,438	156,449

Year end	ed	31August 2023
			2023	2022
			6	F
Income and		endowments
Donations	and grants
Donations				500
Charitable	activities
School tuition		fees	2,860,860	2,799,210
Registration	fees		3,600	3,960
Miscellaneous		school income	22,219	18,424
			2,886,679	2,821,594
Fundralsing		activities
Fundraising	events		8,468
Investment	income
Bank interest		receivable	1,511	14
Total Income			2,896,666	2,822,108

					2023	2022
					K	E
Expenditure on charitable		activities
School running costs
Activities undertaken	directly
Education budget					49,696	51,160
Wages and salaries					1,561,323	1,560,938
Employer's NIC					141,663	143,901
Pension costs					273,690	277,933
Sports hire and transport costs					25,567	25,346
Rates and water					11,679	14,481
Light and heat					24,663	30,293
Premises expenditure,	repairs and maintenance				49,653	65,903
Insurance					26,633	24,894
Discretionary bursaries	and	public benefit			39,586	52,346
Depreciation					29,323	40,399
Rentals and licences					2,571	2,999
Computer maintenance	and	software			58,208	63,475
Equipment and books	for resale				1,820	2,495
Household supplies					8,095	6,539
Catering costs					169,324	149,082
Sundry school expenses					1,071	5,688
Bad debts					25,621	5,516
Remodelling classrooms					4,787	39,485
					2,504,973	2,562,873
Support costs
Office wages and salaries					163,653	159,035
Employer's NIC					14,262	14,735
Pension costs					11,137	10,867
Telephone					4,935	6,028
Printing, postage and stationery					32,885	34,003
Subscription fees					6,839	6,371
Recruitment					632	96
Marketing, advertising	and prospectus			costs	7,624	13,377
School representation					29,426	16,105
					271,393	260,617
Governance costs
Governance costs - accountancy			fees		2,660	3,122
Governance costs - audit fees					8,380	8,100
Legal and professional	fees				27,602	52,509
Trustees indemnity insurance					749	747
Loan interest					10,970	6,894
Sundry administration	expenses				6,580	5,075
					56,941	76,447
Expenditure on charitable		activities			2,833,307	2,899,937

Notes to the Detailed Statement of Financ Year ended 31August 2023	ial Activities (coorrnuedl
	2023	2022
	f.	6
Other expenditure
Bank and merchant charges	11,599	11,960
Total expenditure	2,844,906	2,911,897
Net income/(expenditure)	51,760	(89,789)