2023-08-31-accounts - Talbot Heath School Trust Limited

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`Governors`	`DrR Day(Chair)`
	`MrsS Richards`	`DrD Sadd`
	`MrsR Newton`	`MrsA Ewins`
	`MrsC Sutcliffe`	`RevdN Wells`
	`MsK Potten`	`MrsT Magrath`
	`MrW Badawy`	`RevdJ Burke`
	`MrG House`
`Head`	`MrsTracyHarris(Appointed1`	`September2023)`
	`MrsA HollowayMA(Oxon)PGCE(Resigned31August2023)`
`Secretary`	`MrG Ives`
`Companyregisterednumber`	`01584957`
`CharityCommission`
`registrationnumber`	`283708`
`Registeredofficeand`
`principaladdress`	`TalbotHeathSchool`
	`RothesayRoad`
	`Bournemouth`
	`Dorset`
	`BH49NJ`
`Bankers`	`LloydsBankPlc`	`BarclaysWealth`
	`BournemouthBranch`	`TheHelm`
	`45OldChristchurchRoad`	`39HoldenhurstRoad`
	`Bournemouth`	`Bournemouth`
	`BH11ED`	`BH88EH`
`Solicitors`	`SteeleRaymondLLP` `RichmondPoint`	`WilsonsSolicitorsLLP` `StJohn’s Street`
	`43RichmondHill`	`Salisbury`
	`Bournemouth`	`Wiltshire`
	`Dorset`	`SP12SB`
	`BH2.6LR`
`Auditors`	`SafferyLLP`
	`CharteredAccountants`
	`MidlandHouse`
	`2PooleRoad`
	`Bournemouth`
	`BH25QY`
`Investmentadvisers`	`BarclaysWealth`
	`TheHelm`
	`39HoldenhurstRoad`
	`Bournemouth`
	`BH88EH`

`Riskmanagement` `TheBoardofGovernorshascompileda riskregister,identifyingthemajorriskstowhichthecompanyisexposed,by` `assessingthepotentialimpactandlikelyoccurrenceofeachrisk.TheassessmentofsuchhasenabledtheGovernorsto` `developrisk-handlingoptionsforeachmajorrisk.Theriskregisterisreviewedona termlybasisbythesub-committees` `andreportedtothefullBoard.A descriptionoftheprincipalrisksanduncertaintiesfacingthecompanytogetherwiththe` `plansandstrategiesformanagingthoserisksare:`
`MainRisks` `Controls` `Income,expenditureandcashflow` `Regularfinancialreportingwithstrongbudgetplanningand` `controls` `Policyandpoliticalchange` `Monitoringthecharitableaimsandmaximizingpublicbenefit` `Inferiorqualityteachingleadingtopoorexternal` `Robustteacherappraisalproceduresandpupilachievement` `examinationresults` `trackingsystems` `Narrowcurriculumleadingtofailuretorecruit` `Sufficient` `finance` `for` `excellent` `teacher` `recruitment` `and` `pupils,particularlyintheSixthForm` `curriculumresources`
`Page4`

Riskmanagement
TheBoardofGovernorshascompileda riskregister,identifyingthemajorriskstowhichthecompanyisexposed,by
assessingthepotentialimpactandlikelyoccurrenceofeachrisk.TheassessmentofsuchhasenabledtheGovernorsto
developrisk-handlingoptionsforeachmajorrisk.Theriskregisterisreviewedona termlybasisbythesub-committees
andreportedtothefullBoard.A descriptionoftheprincipalrisksanduncertaintiesfacingthecompanytogetherwiththe
plansandstrategiesformanagingthoserisksare:

MainRisks
Controls
Income,expenditureandcashflow
Regularfinancialreportingwithstrongbudgetplanningand
controls
Policyandpoliticalchange
Monitoringthecharitableaimsandmaximizingpublicbenefit

Inferiorqualityteachingleadingtopoorexternal
Robustteacherappraisalproceduresandpupilachievement
examinationresults
trackingsystems

Narrowcurriculumleadingtofailuretorecruit
Sufficient
finance
for
excellent
teacher
recruitment
and
pupils,particularlyintheSixthForm
curriculumresources

Page4

`Siteandinfrastructurefailure`	`Regularmaintenanceandassetmanagement`
`Criticalincidents`	`EffectivecrisismanagementandHealth& Safetytraining`
`Dissatisfiedstakeholders`	`Excellentcommunicationandinformationthrougha rangeof`
	`mediaincludinga vibrantandup-to-datewebsite.`

		`Unrestricted`	`Designated`	`Restricted`	`Total`	`Total`
		`funds`	`funds`	`funds`	`2023`	`2022`
	`Notes`		`£`	`£`	`£`	`£`
`INCOMEANDENDOWMENTS`
`FROM:`
`Donations,legaciesandgrants`		`2,617`	`-`	`2,000`	`4,617`	`40,254`
`Incomefromcharitableactivities`
`Schoolfeesreceivable`	`2`	`7,674,460`	`-`	`-`	`7,674,460`	`7,393,458`
`Othertradingactivities`
`Lettingincome` `Sundry` `Investmentincome`	`3`	`301,657` `1,142,237` `91,478`	`-` `-` `41,002`	`-` `-` `-`	`301,657` `1,142,237` `132,480`	`274,596` `257,655` `133,316`
`Totalincome`		`9,212,449`	`41,002`	`2,000`	`9,255,451`	`8,099,279`
`EXPENDITUREON:`
`Charitableactivities`
`Provisionofeducation`		`8,398,495`	`-`	`691`	`8,399,186`	`8,001,809`
`Raisingfunds`
`Financingcosts` `Investmentmanagement` `Costsinrelationtotradingactivities`		`126,346` `13,874` `276`	`-` `18,310` `-`	`-` `-` `-`	`126,346` `32,184` `276`	`125,323` `27,689` `21,768`
		`140,496`	`18,310`	`-`	`158,806`	`174,780`
`Totalexpenditure`	`4`	`8,538,991`	`18,310`	`691`	`8,557,992`	`8,176,589`
`Netincomebefore(losses)/gains`
`oninvestments`		`673,458`	`22,692`	`1,309`	`697,459`	`(77,310)`
`Net(losses)/gainsoninvestments`	`9`	`(12,751)`	`(8,592)`	`-`	`(21,343)`	`(311,643)`
`Netsurplus/(deficit)`		`660,707`	`14,100`	`1,309`	`676,116`	`(388,953)`
`Transfersbetweenfunds`	`15`	`116,367`	`(116,367)`	`-`	`-`	`-`
`Netmovementinfunds`	`6`	`777,074`	`(102,267)`	`1,309`	`676,116`	`(388,953)`
`Fundbalancesbrought forward`		`10,610,281`	`1,693,064`	`57,113`	`12,360,458`	`12,749,411`
`Fundbalancescarriedforward`	`15/16`	`11,387,355`	`1,590,797`	`58,422`	`13,036,574`	`12,360,458`

		`2023`		`2022`
	`Notes`	`£`	`£`	`£`	`£`
`Fixedassets`
`Tangibleassets`	`8`		`12,598,688`		`12,416,030`
`Investments`	`9`
`-` `QueensmountFund`		`1,324,926`		`1,549,218`
`-` `PrizeFund`		`70,000`		`70,000`
`-` `GeneralFund`		`2,286,379`		`2,246,027`
`-` `WVBFund`		`943,405`		`795,400`
			`4,624,710`		`4,660,645`
			`17,223,398`		`17,076,675`
`Currentassets`
`Stocks`		`7,450`		`1,637`
`Debtors`	`11`	`373,409`		`360,610`
`Cashatbankandinhand`		`856,285`		`965,924`
		`1,237,144`		`1,328,171`
`Creditors:`
`Amountsfallingduewithinoneyear`	`12`	`(3,222,253)`		`(3,350,451)`
`Netcurrentliabilities`			`(1,985,109)`		`(2,022,280)`
`Totalassetslesscurrentliabilities`			`15,238,289`		`15,054,395`
`Creditors:`
`Amountsdueinmorethanoneyear`	`13`		`(2,201,715)`		`(2,693,938)`
`Netassets`	`14`		`13,036,574`		`12,360,457`
`Representedby:`
`Unrestrictedfunds`
`Generalfunds`	`15`		`11,300,258`		`10,536,880`
`Designatedfunds`	`15`		`1,540,866`		`1,574,211`
`Revaluationreserve`	`15`		`137,028`		`192,253`
`RestrictedFunds`	`16`		`58,422`		`57,113`
			`13,036,574`		`12,360,457`

				`2023`		`2022`
	`Notes`		`£`	`£`		`£`
`Fixedassets`
`Tangibleassets`				`12,598,688`		`12,416,030`
`Investments`
`-` `QueensmountFund`			`1,324,926`		`1,549,218`
`-` `PrizeFund`			`70,000`		`70,000`
`-` `GeneralFund`			`2,286,379`		`2,246,027`
`-` `WVBFund`			`945,405`		`795,400`
`-` `RothesayEventsLimited`				`1`	`1`
				`4,624,711`		`4,660,646`
				`17,223,399`		`17,076,676`
`Currentassets`
`Stocks`			`7,450`		`1,637`
`Debtors`	`11`		`334,802`		`339,885`
`Cashatbankandinhand`			`712,063`		`832,981`
`Creditors:`			`1,054,315`		`1,174,503`
`Amountsfallingduewithinoneyear`	`12`		`(3,220,213)`		`(3,335,859)`
`Netcurrentliabilities`				`(2,165,898)`		`(2,161,356)`
`Totalassetslesscurrentliabilities`				`15,057,501`		`14,915,320`
`Creditors:`
`Amountsdueinmorethanoneyear`	`13`			`(2,201,715)`		`(2,693,938)`
`Netassets`				`12,855,786`		`12,221,382`
`Representedby:`
`Unrestrictedfunds`
`Generalfunds`	`15`			`11,119,470`		`10,397,805`
`Designatedfunds`	`15`			`1,540,866`		`1,574,211`
`Revaluationreserve`	`15`			`137,028`		`192,253`
`RestrictedFunds`	`16`			`58,422`		`57,113`
				`12,855,786`		`12,221,382`
`ApprovedbytheGovergingBodyon....`		`(4/3/19`			`andsignedon`	`itsbehalfby`
`RichardDay`		`ebeccaNewton`
`Chairmanofthe`		`ir`	`ofthe`
`GoverningBody`		`Finante& InvestmentCommittee`
	`ese`	`financialstatements.`

					`2022`
	`Notes`	`£`	`£`	`£`		`£`
`Netcashprovidedbyoperatingactivities`	`1`		`(44,998)`			`693,097`
`Cashflowsfrominvestingactivities`
`Bankandotherinterestreceived`		`9,910`		`39`
`Dividendsreceived`		`122,570`		`133,277`
`Paymentstoacquiretangiblefixedassets`		`(600,870)`		`(312,065)`
`Proceedsfromsaleoftangiblefixedassets`		`881,380`			`-`
`Paymentstoacquireinvestments`		`(2,777,731)`		`(1,090,322)`
`Proceedsfromsalesofinvestments`		`2,792,323`		`1,688,827`
`Netcash(outflow)/inflowfromcapital`			`427,582`			`419,756`
`expenditureandfinancialinvestment`
`Cashflowsfromfinancingactivities`
`Bankloanrepayments`		`(492,223)`		`(492,224)`
`Netcashoutflowfromfinancingactivities`			`(492,223)`			`(492,224)`
`Changeincashandcashequivalentsin`	`the`		`(109,639)`			`620,629`
`reportingperiod`
`Cashandcashequivalentsatthebeginningof`			`265,924`			`(354,702)`
`thereportingperiod`
`Cashandcashequivalents` `attheend`	`ofthe`		`156,285`			`265,924`
`reportingperiod`

`1`	`Reconciliationofnetincometonetcashflow`	`Reconciliationofnetincometonetcashflow`	`providedbyoperatingactivities`	`providedbyoperatingactivities`
			`£`	`2023` `£`		`2022`		`£`
	`Netincomingresourcesperstatementof`			`697,459`		`(77,310)`
	`financialactivities`
	`Dividendsreceivable` `Depreciation`		`(122,570)` `400,911`		`(133,277)` `395,195`
	`Profit/lossondisposal`		`(864,079)`
	`Bankandotherinterestreceived` `(Increase)/Decreaseindebtors` `(Increase)/Decreaseincreditors` `Decreaseinprovisions` `(Decrease)/Increase` `instocks`		`(9,910)` `(12,799)` `(128,197)` `-` `(5,813)`		`(39)` `20,960` `659,519` `(181,480)` `9,528`
				`(742,457)`		`770,407`
	`Net` `cash` `(absorbed` `by)/provided` `operatingactivities`	`by`		`(44,998)`		`693,097`
`2`	`Analysisofcashandcashequivalents`
				`2023` `£`		`2022`	`£`
	`Netcash:`
	`Cashinhandatbank`			`606,869`		`965,924`
	`Shorttermdeposits`			`249,416`
	`Overdraftfacility`			`(700,000)`		`(700,000)`
	`Totalcashandcashequivalents`			`156,285`		`265,924`

`oncurrentmarketprices,inequalannualins`	`talmentsovertheirexpecteduseful`	`economiclivesasf`
`Freeholdbuildings`	`-2%/4%/5%/10%ona`	`straightlinebasis`
`Artificialsportspitches` `Furniture,fittingsandequipment` `Motorvehicles` `Computerandofficeequipment`	`-10%ona straightline` `-15%ona straightline` `-20%ona straightline` `-33%ona straightline`	`basis` `basis` `basis` `basis`

	`School`	`fees`
			`2023`	`2022`
	`Gross` `Less:`	`fees`	`£` `8,490,428`	`£` `8,156,031`
	`Total`	`bursaries,grantsandotherpricedifferentials`	`(815,968)`	`(762,573)`
			`7,674,460`	`7,393,458`
`3`	`Sundry`	`otherincome`
			`2023`	`2022`
			`£`	`£`
	`Other` `Staff`	`feesandsurcharges` `lunches`	`1,137,397` `4,840`	`253,145` `4,510`
			`1,142,237`	`257,655`

	`income.`
`4`	`Analysisoftotalexpenditure`
	`2023:`
		`Staffcosts`		`Other`	`Depreciation`		`Total`
		`£`		`£`	`£`		`£`
	`Charitableactivities`
	`Schooloperatingcosts:`
	`Teaching`	`4,342,464`		`317,981`	`66,448`		`4,726,893`
	`Welfare`	`261,646`		`823,486`		`-`	`1,085,132`
	`Premises`	`167,831`		`919,644`	`322,953`		`1,410,428`
	`Supportcostsofschooling`	`613,806`		`551,417`	`11,510`		`1,176,733`
		`5,385,747`		`2,612,528`	`400,911`		`8,399,186`
	`Costofraisingfunds`
	`Financingcosts`		`-`	`126,346`		`-`	`126,346`
	`Investmentmanagement`		`-`	`32,184`		`-`	`32,184`
	`Expenditureontradingactivities`		`-`	`276`		`-`	`276`
			`-`	`158,806`		`-`	`158,806`
	`Totalresourcesexpended`	`5,385,747`		`2,771,334`	`400,911`		`8,557,992`
	`2022:`
		`Staffcosts`		`Other`	`Depreciation`		`Total`
		`£`		`£`	`£`		`£`
	`PriorYear`
	`Charitableactivities`
	`Schooloperatingcosts:`
	`Teaching`	`4,363,678`		`317,091`	`67,533`		`4,748,302`
	`Welfare`	`250,116`		`743,023`		`-`	`993,139`
	`Premises`	`164,920`		`766,566`	`316,150`		`1,247,636`
	`Supportcostsofschooling`	`594,395`		`406,827`	`11,510`		`1,012,732`
		`5,373,109`		`2,233,507`	`395,193`		`8,001,809`
	`Costofraisingfunds`
	`Financingcosts`		`-`	`125,323`		`-`	`125,323`
	`Investmentmanagement`		`-`	`27,689`		`-`	`27,689`
	`Expenditureontradingactivities`		`-`	`21,768`		`-`	`21,768`
			`-`	`174,780`		`-`	`174,780`
	`Totalresourcesexpended`	`5,373,109`		`2,408,287`	`395,193`		`8,176,589`

`Analysisoftotalexpenditure(continued)`
	`2023`	`2022`
`Withinsupportcosts.thereare thefollowinggovernancecosts:`	`£`	`£`
`CriminalRecordsBureau`	`3,585`	`3,572`
`ISCinspection`	`4,327`	`4,568`
`Audit`	`20,725`	`23,077`
`Governors’liabilityinsurance`	`889`	`1,887`
`Governors’expensesreimbursed`	`955`	`1,886`
`Legalfees`	`9,800`	`13,024`
`Otherprofessionalfees`	`125,695`	`28,983`
	`165,976`	`76,997`

		`2023`	`2022`
		`£`	`£`
`Salaries`		`4,232,404`	`4,228,414`
`National`	`insurancecontributions`	`404,000`	`409,795`
`Pension`	`costs`	`749,343`	`734,900`
		`5,385,747`	`5,373,109`

	`Fulltime`		`Parttime`		`Fulltime`		`Parttime`
	`2023`		`2023`		`2022`		`2022`
`Teaching`		`60`		`48`		`64`		`51`
`Administrativeanddomestic`		`30`		`21`		`34`		`22`
		`90`		`69`		`98`		`73`
`numberofhigherpaidemployeeswas:`
					`2023`		`2022`
					`No`		`No`
`£60,000-£70,000`						`3`		`1`
`£100,000-£110,000`						`1`		`1`
`Total`						`4`		`2`

`Netmovementinfunds`
	`2023`	`2022`
	`£`	`£`
`Thisisstatedaftercharging:`
`Auditors’remuneration(includingVAT):`
`-foraudit`	`28,468`	`23,447`
`-forotherservices`	`(2,210)`	`4,620`
`Depreciation:`
`-ownedfixedassets`	`400,911`	`395,193`

	`Freehold`		`Furniture`			`Computer`
	`Land&`		`&fittings&`	`Motor`		`&office`
	`Buildings`		`equipment`	`vehicles`		`equipmen`	`Total`
						`t`
`Groupandcharity`	`£`		`£`	`£`		`£`	`£`
`Cost`
`1September2022`	`14,976,203`		`1,697,324`	`284,840`		`1,537,890`	`18,496,257`
`Additions`	`253,910`		`296,447`		`-`	`50,513`	`600,870`
`Disposals`	`(17,301)`		`(17,358)`		`-`	`-`	`(34,659)`
`31August2023`	`15,212,812`		`1,976,413`	`284,840`		`1,588,403`	`19,062,468`
`Depreciation`
`1September2022`	`2,752,468`		`1,576,753`	`262,054.`		`1,488,952`	`6,080,227`
`Chargefortheyear`	`322,752`		`34,944`	`11,510`		`31,705`	`400,911`
`Eliminatedondisposals`		`-`	`(17,358)`		`-`	`-`	`(17,358)`
`31August2023`	`3,075,220`		`1,594,339`	`273,564`		`1,520,657`	`6,463,780`
`Netbookvalue`
`31August2022`	`12,223,735`		`120,571`	`22,786`		`48,938`	`12,416,030`
`31August2023`	`12,137,592`		`382,074`	`11,276`		`67,746`	`12,598,688`

						`Group`		`Charity`
						`2023`	`2022`	`2023`	`2022`
						`£`	`£`	`£`	`£`
`Investments` `listed`		`on`	`a`	`recognised`	`stock`	`4,370,154`	`4,519,832`	`4,370,154`	`4,519,832`
`exchange`
`Otherinvestments-` `Unlistedinvestments`		`deposits`				`254,556` `-`	`140,813` `-`	`254,556` `1`	`140,813` `1`
						`4,624,710`	`4,660,645`	`4,624,711`	`4,660,646`
`Investmentmovements:`						`Group`		`Charity`
						`2023`	`2022`	`2023`	`2022`
						`£`	`£`	`£`	`£`
`Marketvalueat` `1` `Additions` `Disposalproceeds` `Profitondisposal` `(Deficit)/Surplus` `2023`	`September2022` `onrevaluationat31`				`August`	`4,660,645` `2,777,731` `(2,792,323)` `137,358` `(158,701)`	`5,570,793` `1,090,322` `(1,688,827)` `190,558` `(502,201)`	`4,660,646` `2,777,731` `(2,792,323)` `137,358` `(158,701)`	`5,570,793` `1,090,322` `(1,688,827)` `190,558` `(502,201)`
`Marketvalueat31`	`August`		`2023`			`4,624,710`	`4,660,645`	`4,624,711`	`4,660,645`
`Historicalcostat`	`31`	`August`	`2023`			`4,487,679`	`4,468,391`	`4,487,680`	`4,468,391`
`Analysisofinvestments:`						`Group`		`Charity`
						`2023`	`2022`	`2023`	`2022`
						`£`	`£`	`£`	`£`
`Cash` `Equityshares` `Fixedinterest-securities`						`254,557` `3,651,821` `718,332`	`140,813` `3,690,670` `829,162`	`254,557` `3,651,822` `718,332`	`140,813` `3,690,671` `829,162`
						`4,624,710`	`4,660,645`	`4,624,711`	`4,660,646`

			`Charity`
	`2023`	`2022`	`2023`	`2022`
	`£`	`£`	`£`	`£`
`Tradedebtors`	`216,069`	`200,784`	`164,612`	`156,816`
`Otherdebtors`	`2,023`	`16,325`	`14,873`	`39,568`
`Prepayments`	`155,317`	`143,501`	`155,317`	`143,501`
	`373,409`	`360,610`	`334,802`	`339,885`

			`Charity`
	`2023`	`2022`	`2023`	`2022`
	`£`	`£`	`£`	`£`
`Bankloans`	`492,220`	`492,220`	`492,220`	`492,220`
`Bankoverdraft`	`700,000`	`700,000`	`700,000`	`700,000`
`Tradecreditors`	`245,018`	`408,946`	`245,018`	`395,929`
`Feesreceivedinadvance`	`1,137,619`	`816,357`	`1,137,619`	`816,357`
`Deposits`	`356,100`	`358,400`	`356,100`	`358,400`
`Taxandsocialsecurity`	`101,051`	`102,674`	`101,051`	`102,674`
`Othercreditors`	`101,948`	`381,256`	`101,948`	`381,256`
`Accruals`	`88,297`	`90,598`	`86,257`	`89,023`
	`3,222,253`	`3,350,451`	`3,220,213`	`3,335,859`

	`Groupandcharity`	`Groupandcharity`
	`2023`	`2022`
	`£`	`E`
`Bankloan`	`2,201,715`	`2,693,938`
`Analysisofloans`
`Whollyrepayablewithin5 years:`	`1,883,532`	`1,951,816`
`Notwhollyrepayablewithin5 yearsbyinstalments:`	`318,183`	`742,122`
`Loanmaturityanalysis`
`Inmorethanoneyearbutnotmorethantwoyears`	`492,220`	`492,220`
`Inmorethantwoyearsbutnotmorethanfiveyears`	`1,391,312`	`1,459,596`
`Inmorethanfiveyears`	`318,183`	`742,122`
	`2,201,715`	`2,693,938`

		`Netcurrent`	`Longterm`				`Fund`
	`Fixedassetsassets/liabilities`		`liabilities`		`Provisions`		`balances`
	`£`	`£`	`£`		`£`		`£`
`Unrestrictedfunds`	`17,187,398`	`(2,007,531)`	`(2,201,715)`		`-`		`12,978,152`
`Restrictedfunds`	`36,000`	`22,422`		`-`	`-`		`58,422`
`Totalfunds`	`17,223,398`	`(1,985,109)`	`(2,201,715)`		`.`		`13,036,574`
`nrestrictedfunds`
	`Balance`				`Transfersand`		`Balance`
	`1September`	`Incoming`	`Resources`		`gains/(losses)`		`31August`
	`2022`	`resources`	`expended`		`oninvestments`		`2023`
	`£`	`£`	`£E`		`£`		`£`
`Currentyear`
`Generalfunds:`
`Schoolfunds`	`10,536,881`	`9,212,449`	`(8,538,991)`		`89,919`		`11,300,258`
`Designatedfunds:`
`Queensmountfund`	`1,555,107`	`41,002`	`(18,310)`		`(56,037)`		`1,521,762`
`Prizefunds`	`19,104`	`-`	`-`			`-`	`19,104`
	`1,574,211`	`41,002`	`(18,310)`		`(56,037)`		`1,540,866`
`Revaluationreserve`	`192,253`	`-`	`-`		`(55,225)`		`137,028`
	`12,303,345`	`9,253,451`	`(8,557,301)`		`(21,343)`		`12,978,152`

`herevaluationreserveissplitbetweentheGeneralsc` `alancesasfollows:`	`hoolfundsandtheDesignatedfunds`	`resultingintotal`
	`Generalschool`	`Designated`
	`fund`	`fund`
	`£`	`£`
`Carriedforwardfundbalanceasabove`	`11,300,258`	`1,540,866`
`Revaluationreserve`	`87,097`	`49,931`
	`11,387,355`	`1,590,797`

	`Balance`					`Transfersand`		`Balance`
	`1September`	`Incoming`		`Resources`		`gains/(losses)`		`31August`
	`2021`	`resources`		`expended`		`oninvestments`		`2022`
	`£`	`£`		`£`		`£`		`£`
`Prioryear`
`Generalfunds:`
`Schoolfunds`	`10,424,218`	`8,016,194`		`(8,161,369)`		`257,838`		`10,536,881`
`Designatedfunds:`
`Queensmountfund`	`1,528,542`	`57,581`		`(13,815)`		`(17,201)`		`1,555,107`
`Prizefunds`	`19,104`		`-`		`-`		`-`	`19,104`
	`1,547,646`	`57,581`		`(13,815)`		`(17,201)`		`1,574,211`
`Revaluationreserve`	`744,665`		`-`		`-`	`(552,412)`		`192,253`
	`12,716,529`	`8,073,775`		`(8,175,184)`		`(311,775)`		`12,303,345`

`alancesasfollows:`
	`Generalschool`	`Designated`
	`fund`	`fund`
	`£`	`£`
`Carriedforwardfundbalanceasabove`	`10,536,881`	`1,574,211`
`Revaluationreserve`	`73,400`	`118,853`
	`10,610,281`	`1,693,064`

`16`	`«Restrictedfunds`
		`Balance`				`Transfersand`		`Balance`
		`1September`	`Incoming`		`Resources`	`__gains/(losses)`		`31August`
		`2022`	`resources`		`expended`	`oninvestments`		`2023`
		`£`		`£`		`£`	`£`	`£`
	`Prizefunds:`
	`MaryBroad`	`23,190`		`-`		`-`	`-`	`23,190`
	`Scholarship`
	`CordeliaWestcott` `Travelscholarship`	`28`		`-`	`(500)`		`-`	`(472)`
	`AngelaFelgate`	`9,295`		`-`		`-`	`-`	`9,295`
	`Classicsfund`
	`EdwardsAwards`	`600`		`-`	`(50)`		`-`	`550`
	`BarbaraMilnerAward` `-`		`2,000`		`(141)`		`-`	`1,859`
	`ClareAustinSmith`	`24,000`		`-`		`-`	`-`	`24,000`
	`Bursary`
		`57,113`	`2,000`		`(691)`		`-`	`58,422`
		`Balance` `1September` `2021`	`Incoming` `resources`		`Resources` `expended`	`Transfersand` `_gains/(losses)` `oninvestments`		`Balance` `31August` `2022`
		`£`	`£`		`£`		`£`	`£`
	`Prioryear`
	`Prizefunds:`
	`MaryBroad` `Scholarship`	`22,286`	`904`			`-`	`-`	`23,190`
	`CordeliaWestcott`	`981`		`-`	`(1,085)`		`132`	`28`
	`Travelscholarship`
	`AngelaFelgate` `Classicsfund`	`9,615`		`-`	`(320)`		`-`	`9,295`
	`EdwardsAwards`	`-`	`600`			`-`	`-`	`600`
	`ClareAustinSmith`	`-`	`24,000`			`-`	`-`	`24,000`
	`Bursary`
		`32,882`	`25,504`		`(1,405)`		`132`	`57,113`
`17`	`~—‘Reconciliationofmovementsinunrealisedgains`			`on`	`investmentassets`
			`Queensmount`			`General`	`Total`	`Total`
			`Fund`			`Fund`	`2023`	`2022`
				`£`		`£`	`£`	`£`
	`Unrealisedgainsat`	`1September2022`		`118,853`		`73,401`	`192,254`	`744,665`
	`Deductdisposalsin` `year`	`the`			`7,881`	`121,649`	`129,530`	`(141,581)`
				`126,734`		`195,050`	`321,784`	`603,084`
	`(Losses)/Gainsarisingonrevaluationsin`
	`theyear`			`(76,802)`		`(107,951)`	`(184,753)`	`(410,830)`
	`Unrealisedgainsat`	`31August2023`
				`49,932`		`87,099`	`137,031`	`192,254`

`At31August2022,theschoolhadaggregatetotalcommitmentsu` `below:`	`ndernon-cancellableoperating`	`leasesasset`
`Non-cancellableoperatingleaseswhichexpire:`	`2023`	`2022`
	`£`	`E`
`Withinoneyear` `Within2 to5 years`	`61,635` `2,977`	`81,116` `64,613`