# 






|Chairperson|Chairperson|and|||Mrs A Westcott|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Director/Trustee||||||||||||
|Directors|and Trustees||||AWestcott|||||||
||||||AJemal|||||||
||||||A Howell|||||||
||||||KJeyarajah|||||||
||||||D Canade||||Appointed|November|2021|
||||||||||Resigned|September|2022|
|Head Teacher:|||||Miss A Gay|||||||
|The Bursar:|||||Charlotte<br>Hick||||resigned|11 March 2022||
|Company|registered|||number:|01524865|||||||
|Chadty registered|||number:||281566|||||||
|Registered||Office:|||64 Priory Close|||||||
||||||Green Road|||||||
||||||Southgate,<br>London,||N4 4AT|||||
||||||London|||||||
||||||N4 4AT|||||||
|Bankers:|||||National Westminster||Bank Pic|||||
||||||12The Broadway|||||||
||||||South gate|||||||
||||||London|||||||
||||||N14 6QF|||||||
||||||CCLA Investment|Management||||||
||||||Ltd|||||||
||||||COIF Investment|Management||Ltd||||
||||||Senator House|||||||
||||||85 Queen Victoria|Street,||||||
||||||London,|||||||
||||||EC4V4ET|||||||





|he<br>ear ended 31 Au<br>u|st 2022|||
|---|---|---|---|
|Auditors:|Moore Kingston|Smith|LLP|
||6th Floor|||
||9Appold Street|||
||London|||
||EC2A 2AP|||
|Solicitors:|Stone King LLP|||
||13Queen Square|||
||Bath|||
||BA1 2HJ|||
|Pension Schemes:|Teachers' Pensions|||
||Mowden<br>Hall|||
||Darlington|||
||DL3 9EE|||
|Insurance brokers:|Marsh Ltd - Education||Practice|
||Capital House|||
||1 - 5 Perrymount|Road||
||Haywards<br>Heath|||
||West Sussex|||
||RH16 3SY|||





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||||Total|Total|
|---|---|---|---|---|
|||Notes|2022|2021|
|||||E|
|INCOME FROM:|||||
|Charitable<br>Activities|||||
|School fees|||908,303|886,345|
|Other educational|income||125,176|82,423|
|Other income|||||
|Other trading<br>income|||||
|Other activities||||243|
|Investments|||||
|Investment<br>Income|||2,773|230|
|Voluntary sources|||||
|Grants and donations|||5,000|30,905|
|Total income and endowments|||1,041,252|1,000,146|
|EXPENDITURE ON:|||||
|Charitable<br>activities|||||
|Education|||1,480,917|1,499,070|
|Total expenditure|||1,480,917|1,499,070|
|Net operating<br>incomel(expenditure)|||(439,665)|(498,924)|
|Net gains on investments|||||
|Net income/(expenditure)|||(439,665)|(498,924)|
|Transfer between<br>funds|||||
|Net movement<br>in funds|||(439,665)|(498,924)|
|Fund balances<br>brought|forward||1,254,669|1,753534|
|Fund balances carried forward||18,19|815,004|1,254,610|





## 

|31 Au<br>ust 202|2||||||
|---|---|---|---|---|---|---|
|||||Notes|2022|2021|
||||||F|5|
|FIXEDASSETS|||||||
|Tangible assets||||13|349,953|419,618|
||||||349,953|419,618|
|CURRENT ASSETS|||||||
|Debtors|||||142,050|129,672|
|Cash at bank and|in hand||||658,155|1,171,591|
||||||800,205|1,301,263|
|CREDITORS: Amounts||falling due within one year|||(252,827)|(353,195)|
|NET CURRENT ASSETS|||||547,378|948,066|
|TOTAL ASSETS|LESS|CURRENT LIABILITIES|||897,331|1,367,686|
|CREDITORS: Amounts||falling due after more than one|&|16|(81,&27)|(113,076)|
|NET ASSETS|||||815,504|1,254,610|
|FUNDS|||||||
|Unrestricted<br>funds|—designated|||16|75|75|
|Unrestricted<br>funds|—general|||18|815,429|1,254,535|
||||||815,504|1,254,610|



## 



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|e<br>earended<br>31 Au ust2|e<br>earended<br>31 Au ust2|e<br>earended<br>31 Au ust2|022||||
|---|---|---|---|---|---|---|
|CASH FLOW STATEMENT||||Notes|2022|2021|
||||||K|F|
|Net cash|inflow from operating||activities|23|(516,768)|(379,759)|
|Cash flows from investing||activities:|||||
|Bank interest received|||||2,773|230|
|Net cash|outflow from investing||activities||2,773|230|
|Increase/(decrease)<br>in cash|||||(513,995)|(379,529)|
|Cash and|cash equivalents|at the|||||
|beginning|ofthe reporting|period|||1,179,676|1,559,205|
|Cash and|cash equivalents|at the|||||
|end ofthe|reporting<br>period||||665,681|1,179,676|





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|3|FEE INCOME|||||
|---|---|---|---|---|---|
||The School's activities are carried out within the UK.|||2022|2021|
||The school's fee income||compdsed:||6|
||Gross fees|||951,803|919,105|
||Less: Scholarships|and bursaries||(43,500)|(32,760)|
|||||908,303|886,345|
|4|OTHER EDUCATIONAL||INCOME|||
|||||2022|2021|
|||||6||
||Extras and disbursements|||17,766|4,313|
||Registration<br>fees|||2,820|1,020|
||Early years funding|||52,223|48,774|
||Other income|||52,367|28,316|
|||||125,176|82,423|
|5|OTHER TRADING|INCOME||||
|||||2022|2021|
||||||6|
||Other income||||243|
||||||243|
|6|INVESTMENT INCOME|||2022|2021|
|||||F|6|
||Interest received|||2,773|230|
|||||2,773|230|
|7|DONATIONS<br>AND|GRANTS||||
|||||2022|2021|
|||||6|E|
||Furlough<br>Grant||||3,826|
||Other grants||||10,149|
||Donations|||5,500|16,930|
|||||5„500|30,905|





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||Charitable<br>expenditure|Charitable<br>expenditure|Charitable<br>expenditure|Charitable<br>expenditure||Staff costs|||Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||(note 9)f|Other<br>f|Depreciation<br>6|2022<br>F|
||Teaching|||||555,633|69,526||625,159|
||Welfare||||||135,192||135,192|
||Premises and Estates||||||253,780|69,665|323,445|
||Administration|||||216,325|143,616||359,941|
||Governance||||||37,180||37,180|
||Total Charitable|Expenditure||||771,958|639,294|69,665|1,480,917|
||Total Expended|||||771,958|639,294|69,665|1,480,917|
||Charitable<br>expenditure|||||Staff costs|||Total|
|||||||(note 9)|Other|Depreciation|2021|
||||||||8||E|
||Teaching|||||557,594|38,599||596,193|
||Welfare||||||103,624||103,624|
||Premises<br>and Estates||||||209,359|69,665|279,024|
||Administration|||||277,770|213,387|433|491,590|
||Governance||||||28,639||28,639|
||Total Charitable|Expenditure||||835,364|593,608|70,098|1,499,070|
||Total Expended|||||835,364|593,608|70,098|1,499,070|
|(b)|Other Governance||Costs include:|||||2022|2021|
||||||||||E|
||Auditors'<br>remuneration|||||||||
||-Audit Fees|||||||17,589|16,950|
||- Over/underprovision|||from previous|year||||(3,363)|
||-Other Auditors|remuneration||||||18,567|10,897|
||Legal and Professional|||Fees||||989||





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|for|t|he<br>earended<br>3|1|Au<br>us|t 2022|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|(c)||Administration|Costs|||8|K|
|||Salaries||||189,747|235,788|
|||National<br>Insurance||||14,346|22,473|
|||Pension Costs||||12,232|15,176|
|||Redundancy<br>Costs|||||4,333|
|||Subscriptions||||11,228|12,694|
|||Staff travel||||217||
|||Operating<br>Leases||||6,639|2,213|
|||IT support||||6,918|16,281|
|||Postage and stationery||||5,176|14,005|
|||Telephones||||3,285|11,413|
|||Marketing<br>and advertising||||35,631|13,317|
|||Website||||6,350|120|
|||Miscellaneous<br>- Administration||||16,279|11,353|
|||Bad debts||||22,530|59,436|
|||Depreciation|||||433|
|||Recruitment<br>Costs||||2,136|5,330|
|||Other Administration||Costs||24,623|63,524|
|||Bank charges and|interest|||2,604|3,701|
|||||||359,941|491,590|
||9|STAFF COSTS||||2022|2021f|
|||Wages and salaries||||605,982|611,516|
|||Redundancy<br>and settlement|||costs||30,437|
|||Social security costs||||58,505|58,285|
|||Other pension costs||||91,637|99,884|
|||Other staff costs||||15,834|35,242|
|||||||771 958|835364|







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|NET INCOME FDR THE YEAR||2022|2021|
|---|---|---|---|
|||K||
|Net income is stated after charging:||||
|Depreciation<br>oftangible fixed assets||69,665|70,098|
|Operating<br>lease rentals —other||158,519|158,520|
|Auditor's<br>remuneration||||
|Audit services for the school- current year||17,5&9|16,950|
|Prior year underprovision||1,233|(3,363)|
|Other auditors'<br>remuneration||18,567|10,897|
|TANGIBLE FIXEDASSETS||Fixtures||
||Leasehold|&||
|Cost:|Property<br>6|Fittingsf|Total<br>6|
|At 1 September<br>2021|1,409,694|309,844|1,719,538|
|Disposals||||
|At 31 August 2022|1,409,694|309,844|1,719,538|
|Depreciation:||||
|At 1 September 2021|990,076|309,844|1,299,920|
|Charge for year|69,665||69,665|
|Disposals||||
|Transfer||||
|At 31 August 2022|1,059,741|309,844|1,369,585|
|Net book value:||||
|At 31 August 2022|349,953||349,953|
|At 1 September 2021|419,618||419,618|
||||Page 21|





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|14|DEBTORS|||
|---|---|---|---|
|||2022|2021|
|||6|6|
||Fees and extras|134,157|234,666|
||Less provision<br>for doubtful debts|(68,897)|(173,370)|
||Other debtors|9,734|5,502|
||Prepayments<br>and accrued income|67,056|62,874|
|||142050|129672|
|15|GRED(TORS|||
||Amounts<br>falling due within one year:|2022|2021|
||||6|
||Trade creditors|48,477|17,132|
||Taxation and social security costs|2&,062|203,225|
||Fee Deposits|21,920|17,175|
||Feesin advance|107,847|52,039|
||Other creditors|20,781|24,707|
||Accruals|25,740|38,917|
|||252022|353195|
||Defen ed income:|2022|2021|
|||6|6|
||Brought forwards|52,039||
||Released<br>in year|(52,039)||
||Received<br>in year|107,847|52,039|
||Carried forwards|107,847|52,039|





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|||2022|2021|
|---|---|---|---|
|||F|6|
|Amounts|falling due after more than one year:|||
|School|fee deposits|81,827|113,076|
|||81 827|113878|
|||2022|2021|
|||6|6|
|Movement|on other creditors|||
|In one|year or less|21,920|17,175|
|Between two and five years||81,827|113,076|
|||1033747|130,25'I|





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|||At 1<br>September<br>2021|Income|Expenditure|Transfer<br>Between<br>Funds|At 31 August<br>2022|
|---|---|---|---|---|---|---|
|||E|E|E|E||
|Unrestricted|funds:||||||
|General reserve||1,254,594|1,Q41,252|(1,480,917)||814,929|
|Total designated||||||75|
|Total funds||1,254,669|1,041,252|(1,480,917)||815,0Q4|
|||At 1<br>September<br>2020|Income|Expenditure|Transfer<br>Between<br>Funds|At 31 August<br>2021|
||||E||F||
|Unrestricted|funds:||||||
|General reserve||1,753,459|1,000,146|(1,499,070)||1,254,535|
|Total designated||75||||75|
|Total funds||1,753,534|1,000,146|(1,499,070)||1,254,610|





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|ANALY|SIS OF NET ASSETS BETWEEN FUN|DS||
|---|---|---|---|
|||Unrestricted|2022|
|||funds|Total|
|||5|6|
|Tangible|fixed assets|349,953|349,953|
|Current|assets|800,205|800,205|
|Current|liabilities|(252,827)|(252,827)|
|Long term liabilities||(81,827)|(81,827)|
|Total net assets||810,004|015504|
|||Unrestricted|2021|
|||funds|Total|
|||6|6|
|Tangible|fixed assets|419,618|419,618|
|Current|assets|1,301,263|1,301,263|
|Current|liabilities|(353,195)|(353,195)|
|Long term liabilities||(113,076)|(113,076)|
|Total net assets||1,254,610|1,254,610|



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||||2022|2021|2022|2021|
|---|---|---|---|---|---|---|
||||Equipment|Equipment|Land 8|Land 8|
||||||Buildings|Buildings|
|Due|within one year||8,852|8,852|152,306|152,306|
|Due|between|two and five years|||456,917|609,224|
||||0052|0852|600 222|761 530|



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|r t|he year ended 31 August 2022|he year ended 31 August 2022|||
|---|---|---|---|---|
|23|NOTES TO THE CASHFLOW STATEMENT||||
||||2022|2021|
||Reconciliation<br>ofoperating|result to net cash Inflow from|E||
||operating<br>activities||||
||Net movement<br>in funds||(439,665)|(498,924)|
||Depreciation||69,665|70,098|
||Bank interest received||(2,773)|(230)|
||Increase/(Decrease)<br>in creditors||(131,617)|55,906|
||(Increase)/Decrease<br>in debtors||(12,378)|(6,609)|





Page 27