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|||||||Page|
|---|---|---|---|---|---|---|
||Trustees'<br>annual<br>report (incorporating<br>the|||director's|report)||
||Independent<br>auditor's|report to|the members|||18|
||Statement<br>offinancial|activities|(including|income and|||
||expenditure<br>account)|||||24|
||Statement<br>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<br>of|financial|activities|||41|
||Notes to the detailed|statement|offinancial|activities||42'|





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



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|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||





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|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|



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|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|



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





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|REVIEW OF THE ACHIEVEM|ENTS AND|PERFORMAN|CE<br>FOR THE YEAR (mntlnued )|CE<br>FOR THE YEAR (mntlnued )|||
|---|---|---|---|---|---|---|
|Combined<br>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|



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||||2023|2023|2022|
|---|---|---|---|---|---|
||||Unrestricted|||
||||funds|Total funds|Total funds|
|||Note|||E|
|Income and endowments||||||
|Donations<br>and grants||5|8|8|500|
|Charitable<br>activities||6|2,886,679|2,886,679|2,821,594|
|Fundraising<br>activities||7|8,468|8,468||
|Investment<br>income||8|1,511|1,511|14|
|Total Income|||2,896,666|2,896,666|2,822,108|
|Expenditure||||||
|Expenditure<br>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<br>of|fixed assets||111,915|111,915||
|Net movement<br>in funds|||163,675|163,675|(89,789)|
|Reconciliation<br>offunds||||||
|Total funds brought<br>forward|||321,724|321,724|411,513|
|Total funds carried forward|||485,399|485,399|321,724|





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|||||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<br>funds:||||||||
|Revaluation<br>reserve||||115,188||||
|Other unrestricted||income funds||370,211||321,724||
|Total unrestricted<br>funds||||485,399||321,724||
|Total charity funds|||22||485,399||321,724|



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||||2023|2022|
|---|---|---|---|---|
|||||6|
|Cash flows from operating<br>activities|||||
|Net income/(expenditure)|||51,760|(89,789)|
|Adjustments<br>for.|||||
|Depreciation<br>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<br>from operations|||139,777|1,739|
|Interest paid|||(10,970)|(6,894)|
|Interest received|||1,511|14|
|Net cash trom/(used<br>in) operating<br>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<br>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)<br>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|





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



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|||||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|





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|Expendi|ture<br>o|n charitable<br>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|



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|Expenditure<br>on charitable<br>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<br>remuneration||||||
|||||2023||2022|
|||||E||E|
||Fees payable|for the audit ofthe financial statements||8,380||8,500|
||Other services|||2,660|.|3,122|





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|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<br>ofemployees<br>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<br>Personnel||||||||



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|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|



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|17.|historical cos<br> Stocks|t of the freehold<br>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|





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|Creditors: amo|unts<br>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<br>deposits|||82,250|75,250|
|Other creditors|||14,764|15,593|
||||452,827|438,466|



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|Credi|tors: amounts<br>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|





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|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|



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|Analysis<br>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|





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|Analy|sis ofchang|es<br>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|



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|Operating|lea|se commit|ments|||||
|---|---|---|---|---|---|---|---|
|The total|future|minimum|lease payments|under|non-cancellable|operating leases are|as follows:|
|||||||2023<br>E|2022<br>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|





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|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|





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||||||2023|2022|
|---|---|---|---|---|---|---|
||||||K|E|
|Expenditure<br>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<br>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<br>bursaries|and|public benefit|||39,586|52,346|
|Depreciation|||||29,323|40,399|
|Rentals and licences|||||2,571|2,999|
|Computer<br>maintenance|and|software|||58,208|63,475|
|Equipment<br>and books|for resale||||1,820|2,495|
|Household<br>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<br>classrooms|||||4,787|39,485|
||||||2,504,973|2,562,873|
|Support costs|||||||
|Office wages and salaries|||||163,653|159,035|
|Employer's<br>NIC|||||14,262|14,735|
|Pension costs|||||11,137|10,867|
|Telephone|||||4,935|6,028|
|Printing,<br>postage and stationery|||||32,885|34,003|
|Subscription<br>fees|||||6,839|6,371|
|Recruitment|||||632|96|
|Marketing,<br>advertising|and prospectus|||costs|7,624|13,377|
|School representation|||||29,426|16,105|
||||||271,393|260,617|
|Governance costs|||||||
|Governance<br>costs - accountancy|||fees||2,660|3,122|
|Governance costs - audit fees|||||8,380|8,100|
|Legal and professional|fees||||27,602|52,509|
|Trustees<br>indemnity<br>insurance|||||749|747|
|Loan interest|||||10,970|6,894|
|Sundry<br>administration|expenses||||6,580|5,075|
||||||56,941|76,447|
|Expenditure<br>on charitable||activities|||2,833,307|2,899,937|





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|Notes to the Detailed Statement of Financ<br>Year ended 31August 2023|ial Activities<br>(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)|