2022-07-31-accounts

	Page
Reference and Adminisbative Details
Report ofthe Trustees	2 to	6
Report ofthe Independent Auditors	7 lo	11
Statement ofFinancial Ctttvlbes	12
Statement ofFinancial Posibon	13 to	14
Statement ofCash Ftovvs
Notes tothe Financial Statemenls	16 to	29
Detailed Statement ofFinancial ActiviTies	30 to	31

			for	8te Year E	nded 31stJu 2	22
							2022	2021
					Unrestricted	Restricted	Total	Total
					funds	fund	funds	funds
				Notes	f	f	5	6
INCOME AND ENDOWMENTS			FROM
Donations	and legacies			3	5,554		5,554
Charitable	ac5vt5es
General					8,576		8,576	10,343
Teaching					2,453,225		2,453,225	2,194,022
Transport					152,100		152,100	105,633
Investment	income			4	9,809		9,809	9,450
Other income				6	2,055		2,055	33,085
Total					2,631,319		2,631,319	2,352,533
EXPENDITURE ON
Charitable	ac5vt5es
Teaching					1,574,784	2,484	1,577,268	1,497,984
Welfare					63,011		63,011	36,489
Premises					417,572		417,572	293,832
Transport					156,887		156,887	115,018
Support					20$,814		20$,814	194,887
Total					2,422,068	2,484	2,424,552	2,138,210
Net gains on investments					71,400		71,400	50,000
NET INCOME/(EXPENDITURE)					280,651	(2,484)	278,167	284,323
RECONCIIJATION		OF FUNDS
Total funds	brought	forward			4,809,081	5,267	4,814,348	4,550,025
TOTAL FUNDS CARRIED FORWARD					5,089,732	2,783	5,092,515	4,814,348

				2022	2021
		Unrestricted	Restricted	Tobtl	Total
		funds	fund	funds	funds
	Notes	E		6
FIXEDASSETS
Tangible assets	15	4,908,338	2,783	4,911,121	4,902,585
Investment property	16	496,400		496,400	425,000
		5,404,738	2,783	5,407,521	5,327,585
CURRENTASSETS
Stocks	17	849		849	761
Debtors	18	101,544		101,544	67,348
Cash at bank and in hand		202,246		202,246	48,598
		304,639		304,639	116,707
CREDITORS
Amounts falling due within one year	19	(311,562)		(311,562)	(291,047)
NET CURRENT ASSETS		(6,923)		(6,923)	(174,340)
TOTAL ASSETSLESSCURRENT
UABIUTIES		5,397,815	2,783	5,400,598	5,153,245
CREDITORS
Amounts falling due after more than one year	20	(308,083)		(308,083)	(338,897)
NET ASSETS		5,089,732	2,783	5,092,515	4,814,348

S	bitenlent ofFinancial P ori - c I~9~222	oil5nued
FUNDS	24
Unrestricted funds:
General fund		2,296,213	1,979,398
Revaluation reserve		2,793,519	2,829,683
		5,089,732	4,809,081
Restricted funds		2,783	5,267
TOTALFUNDS		5,092,515	4,814,348

DONATIONS	AND LEGAC	IES
					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
				E	5	E
Donations			5,554		5,554
INVESTMENT INCOME
					2022	2021
			Unrestricted	Restricted	Total	Total
			funds 6	funds E	funds f	funds E
Rents received			9,809		9,808	9,450
INCOME FROM CHARITABLE ACTIVITIES
		Activity			2022 6	2021 f
Registration	and
acceptance	fees	General			8,576	10,343
Fees		Teaching			2,884,777	2,607,693
Scholarships		Teaching			(74,533)	(70,088)
Means tested bursaries		Teaching			(123,292)	(149,120)
Means tested governors'
awards		Teaching			(3,660)	(3,491)
Staff discounts		Teaching			(111,851)	(83,585)
Sibling discounts		Teaching			(65,126)	(51,207)
Discounts Transport income		Teaching Transport			(53,090) 152,100	(56,180) 105,633
					2,613,901	2,309,998

				2022	2021
		Unrestricted	Restricted	Tolal	Total
		funds	funds	funds	funds
		f		6	6
Uniform commission		2,055		2,055	3,002
Government	grants				30,083
		2,055		2,055	33,085

CHARITABLE ACTIVITIES COSTS
	Direct	Support
	Costs (see	costs (see
	note 8)	note 9)	Totals
	E	6	E
Teaching	1,523,232	54,036	1,577,268
Welfare		63,011	63,011
Premises	309,403	108,169	417,572
Transport	61,322	95,565	156,887
Support	75,708	134,106	209,814
	1,969,665	454,887	2,424,552
DIRECT COSTSOF CHARITABLE ACTIVITIES
		2022	2021
		6	E
Staff costs		1,807,863	1,631,329
Depreciation		161,802	164,597
		1,969,665	1,795,926
SUPPORT COSTS
		Governance
	Other	costs	Totals
	F	6	E
Teaching	54,036		54,036
Welfare	63,011		63,011
Premises	108,169		108,168
Transport Support	95,565 125,496	8,610	95,565 134,106
	446,277	8,610	454,887

					2022 6	2021 f
Depreciation	-	owned assets			161,797	164,595
Other operating		leases			1,200
AUDITORS' REMUNERATION
					2022	2021
					6	E
Fees payable	to the charity's			auditors and their associates for the audit
ofthe charity's		financial	statements		7,446	6,930
Auditors' remuneration			for non audit work		1,164	1,080

STAFF COSTS
	2022	2021
	8	F
Wages and salaries	1,496,468	1,354,721
Social security costs	126,893	109,162
Other pension costs	184,502	167,446
	1,807,863	1,631,329

The avera	ge m	onthly nu	mber ofemployees during the	year was as follows:
				2022	2021
Teaching	staff			35	36
Teaching	support staff			13	12
Administrative		/ Grounds	staff	14	12
Welfare staff				3	3
Transport	staff			5	3
				70	66

2022	2021
2	2

				Unrestricted	Restricted	Total
				funds	fund	funds
				F	6	f
INCOME AND ENDOWMENTS			FROM
Charttable	acdvldes
General				10,343		10,343
Teaching				2,194,022		2,194,022
Transport				105,633		105,633
Investment	income			9,450		9,450
Other income				33,085		33,085
Total				2,352,533		2,352,533
EXPENDITURE ON
ChaNable	acdvldes
Teaching				1,495,500	2,484	1,497,984
Welfare				36,489		36,489
Premises				293,832		293,832
Transport				115,018		115,018
Support				194,887		194,887
Total				2,135,726	2,484	2,138,210
Net gains on investments				50,000		50,000
NET INCOME/(EXPENDITURE)				266,807	(2,484)	264,323
RECONCIIJATION		OF FUNDS
Total funds	brought	forward		4,542,274	7,751	4,550,025
TOTAL FUNDS CARRIED FORWARD				4,809,081	5,267	4,814,348

	Y r	E	2 22
TANGIBLE FIXEDASSETS
		Assets	Furniture
	Freehold	under	and	Motor
	property	construction	equipment	vehicles	Totals
	6	E	6	E	6
COST OR VALUATION
At 1stAugust 2021	4,536,323	438,640	778,386	179,969	5,933,318
Additions	92,766		77,567		170,333
Disposals			(21,003)		(21,003)
Reclassification	438,640	(438,640)
At 31st July 2022	5,067,729		834,950	179,969	6,082,648
DEPRECIATION
At 1stAugust 2021	242,387		674,629	113,717	1,030,733
Charge for year	91,575		53,659	16,563	161,797
Eliminated on disposal			(21,003)		(21,003)
At 31stJuly 2022	333,962		707,285	130,280	1,171,527
NET BOOKVALUE
At 31stJuly 2022	4,733,767		127,665	49,689	4,911,121
At 31stJuly 2021	4,293,936	438,640	103,757	66,252	4,902,585

				Fum0ure
			Freehold	and	Motor
			property	equipment	vshides	Totals
			6	6	6	6
Valuation	in	2009	247,104			247,104
Valuation	in	2011	1,522,827			1,522,827
Valuation	in	2012	16,087			16,087
Valuation	in	2014	564,874			564,874
Valuation	in	2018	249,736			249,736
Cost			2,467,101	834,950	178,969	3,482,020
			5,067,729	834,950	179,969	6,082,648

Iffreehold	pro	perty had	not been revalued it would have be	en included at the following hist	orical cost:
				2022	2021
					E
Cost				2,467,101	1,935,695
Aggregate	depreciation			(538,342)	(471,449)
Value of land		in freehold	land and buildings	888,000	888,000

INVESTMENT PROPERTY
FAIR VALUE
At 1stAugust 2021	425,000
Revaluation	71,400
At 31stJuly 2022	496,400
NET BOOKVALUE
At 31stJuly 2022	4$6,400
At 31stJuly 2021	425,000

	Fair value	at	31stJuly 2022 is represented by:
					5
	Valuation	in	2004		235,963
	Valuation	in	2009		7,778
	Valuation	in	2012		(3,878)
	Valuation	in	2013		35,000
	Valuation	in	2015		17,500
	Valuation	in	2018		7,500
	Valuation	in	2021		50,000
	Valuation	in	2022		71,400
	Cost				75,137
					496,400
17.	STOCKS
				2022 5	2021 f
	Stocks			84$	761

	StJose 's School Launceston N968620(B6F~l~8St-~n hrRa5scEndaf ML842QR	StJose 's School Launceston N968620(B6F~l~8St-~n hrRa5scEndaf ML842QR	StJose 's School Launceston N968620(B6F~l~8St-~n hrRa5scEndaf ML842QR
18.	DEBTORS:AMOUNTS FAIJJNG DUE WITHIN ONE YEAR
				2022	2021
	Trade debtors			68,911	53,493
	Other debtors			26,778	12,793
	Prepayments			5,855	1,062
				101,544	67,348
19.	CREDITORS: AMOUNTS	FALIJNG DUE WITHIN ONE YEAR
				2022	2021
				6	E
	Bank loans and overdrafts	(see note 21)		31,811	31,203
	Trade creditors			52,939	80,816
	Social security and other taxes			53,357	45,687
	Other creditors			9,201	14,460
	Advance fee payments			126,909	100,541
	Accrued expenses			37,345	18,340
				311,562	291,047
20.	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR
				2022	2021
				6	f
	Bank loans (see note 21)			308,083	338,897
21.	LOANS
	An analysis ofthe maturity	ofloans is given below:
				2022	2021
				6	F
	Amounts falling due within	one year on demand:
	Mortgage			31,811	31,203
	Amounts falling due between		two and five years:
	Mortgage			134,488	131,643
	Amounts falling due in more than five years:
	Repayable by instalments:
	Mortgage			173,595	207,254

Minimum lease payments under non-cancellable oper	ating leases fall due as follows:
	2022	2021
	R	f
Within one year	10,830	10,080
Between one and five years	10,560	17,640
	21,390	27,720

		2022 R	2021 f
Bank	loans	339,894	370,100

MOVEMENT	IN FUNDS
			Net
			movement	At
		At 1.8.21 E	in funds f	31.7.22 E
Unmslhded	funds
General fund		2,015,562	280,651	2,296,213
Revaluation	reserve	2,793,519		2,783,518
		4,sod,os~	280,651	5,089,732
Restricted funds
Friends ofthe School Fund		5,267	(2,484)	2,783
TOTALFUNDS		4,814,348	278,167	5,092,515

Net movement in funds, included in	the above are as follow	s:
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	E	E		E'
Unreslrlcted funds
General fund	2,631,318	(2,422,068 )	71,400	280,651
Reslkdsd funds
Friends ofthe School Fund		(2,484)		(2,484)
TOTALFUNDS	2,631,319	(2,424,552 )	71,400	278,167

Comparagves	for movement	in funds
				Net	Transfem
				movement	between	At
			At 1.8.20	in funds	funds	31.7.21
			6
Unrestricted	funds
General fund			1,677,339	266,807	35,252	1,979,398
Revaluation	reserve		2,864,935		(35,252)	2,829,683
			4,542,274	266,807		4,809,081
Restricted funds
Friends ofthe School Fund			7,751	(2,484)		5,267
TOTALFUNDS			4,550,025	264,323		4,814,348
Comparative	net movement	in funds, included	in the above	are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			8	E	E	E
Unrasbicted	funds
General fund			2,352,533	(2,135,726)	50,000	266,807
Restricted funds
Friends ofthe School Fund				(2,484)		(2,484)
TOTALFUNDS			2,352,533	(2,138,210)	50,000	264,323

		fgLgfft~ EnnEI~tg)y 2	fgLgfft~ EnnEI~tg)y 2	fgLgfft~ EnnEI~tg)y 2	022	022	022
RECONCIUATION		OF NET INCOME TO NET CASH FLOW			FROM OPERATING ACTIVITIES
						2022	2021
						6	6
Net Income	forthe	repot6ng pedod (asper the Statement of
Financhtl Acffvt5es)						278,167	264,323
Ad)uslmenls	for.
Depreciation	charges					161,800	164,597
Interest paid						10,616	9,847
Revaluation	gain on		investment	property		(71,400)	(50,000)
(Increase)/decrease			in stocks			(88)	208
Increase in debtors						(34,196)	(21,824)
Increase/(decrease)			in creditors			82,614	(3,569)
Net cash provided		by opera0ons				427,513	363,582
ANALYSIS	OF CHANGES IN NET DEBT
					At 1.8.21 f	Cash flow	At31.7.22 6
Net cash
Cash at bank and in			hand		48,598	153,648	202,246
					48,598	153,648	202,246
Debt
Debts falling Debts falling	due within 1 year due after 1 year				(31,203) (338,897)	(608) 30,814	(31,811) (308,083)
					(370,100)	30,206	(339,894)
Total					(321,502)	183,854	(137,648)

		Detailed Statement ofF
		forthe Year Ended 31stJu	2022
				2022	2021
				5	F
INCOME AND	ENDOWMENTS
Dona6ons and	legachrs
Donations				5,554
Invesbnent income
Rents received				9,809	9,450
Charfiable ac8vt6es
Fees				2,884,777	2,607,693
Scholarships				(74,533)	(70,088)
Means tested	bursaries			(123,292)	(149,120)
Means tested governors' Staff discounts Sibling discounts		awards		(3,660) (111,851) (65,126)	(3,491) (83,585) (51,207)
Discounts				(53,090)	(56,180)
Registration and acceptance fees				8,576	10,343
Transport income				152,100	105,633
				2,613,901	2,309,998
Other income
Uniform commission				2,055	3,002
Government grants					30,083
				2,055	33,085
Total incoming	resources			2,631,318	2,352,533
EXPENDITURE
Charfiable ac8vlfies
Wages				1,496,468	1,354,721
Socialsecurity				126,893	109,162
Pensions				184,502	167,446
Depreciation oftangible		fixed assets		161,802	164,597
				1,969,665	1,795,926
Support costs
Other
Rent				1,200
Rates and water				14,968	11,900
Insurance				27,857	18,261
Light and heat				36,505	27,203
Telephone				617	466
Sundries				16,172	16,567
Repairs and	maintenance			31,063	24,933
Educational	equipment			44,508	32,062
Carried forward				172,880	131,392

		2022f	2021 2
Other
Brought forward		172,890	131,392
Books		4,352	5,207
Staff training		3,337	4,802
Cleaning		4,726	2,581
Catering		58,285	33,908
Office expenses		5,972	4,573
Subscriptions		5,398	5,397
Photocopierexpenses		9,548	6,525
Inspection costs		2,686	2,450
Computer software and	maintenance	50,578	41,587
Recruitment costs		1,387	5,697
Legal fees		15,475	10,013
Advertising		21,778	11,100
Motor expenses		94,510	56,263
Bad debts		(15,261 )	2,932
Bank interest		1,546	1,353
Loan		9,070	8,494
		446,277	334,274
Governance costs
Auditors' remuneration		7,446	6,930
Auditors' remuneration	for non audit work	1,164	1,080
		8,610	8,010
Total resources expended		2,424,552	2,138,210
Net income before gains	and losses	206,767	214,323
Unrealised gains on 6xed assets
Unrealised gain on investment property		71,400	50,000
Net income		278,167	264,323