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||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|
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||||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|
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|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|
##
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##
|||||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|
##
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##
|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|
##
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##
|||||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|
##
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##
##
##
|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|
##
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##
|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|
##
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##
|||
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|