2023-08-31-accounts - The Mall School Trust

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CONTENTS		Page
Governors, Offrcers and Advisors
Governors' Report		2-7
Independent Auditor's	Report	8-9
Statement ofFinancial	Activities	10
Balance Sheet
Statement ofCash Flows		12-13
Notes to the Financial	Statements	14-26

		Unrestricted	Restricted	Total	Total
		Total	Total	Funds	Funds
		2023	2023	2023	2022
	Notes			6
Income from:
Charitable activities
School fees receivable		3,024,796		3,024,796	2,731,499
Ancillary trading income		275,720		275,720	289,260
Other trading activities
Other activities		97,101		97,101	100,798
Investments
Bank and other interest		8,766		8,766	259
Voluntary sources
Grants and donations			224,330	224,330	10,700
Other income		10,232		10,232	1,313
Total income		3,416,615	224430	3,640,945	3,133,829
Expenditure on:
Raising funds
Financing costs	8	20,104		20,104	10,045
Charitable activities
Education	7	3,554,792	234,330	3,789,122	3,518,017
Total expenditure	7	3,574,896	234@30	3,809,226	3,528,062
Net (expenditure)		(158,281)	(10,000)	(168,281)	(394,233)
Transfers between funds
Net movement in funds		(158,281)	(10,000)	(168,281)	(394,233)
Fund balances brought
forward
at 1 September 2022		6,573,017	10,000	6,583,017	6,977,250
Fund balances carried
forward at 31August 2023		6,414,736		6,414,736	6,583,017

		2023	2022
	Notes
FIXEDASSETS
Tangible assets	10	6,501,669	6,420, 104
CURRKNT ASSETS
Debtors	11	655,559	557,349
Cash and deposits		1,015,320	1,409,400
		1,670,879	1,966,749
CURRENT LIABILITIES
Creditors payable within one year NETC~ASSETS	12	(1,535460) 135,619	(1,460,109) 506,640
TOTAL ASSETSLESSCURRENT
LIABILITIES		6,637,288	6,926,744
LONG-TERM LIABILITlKS
Creditors payable after one year	13	(222,552)	(343,727)
NET ASSETS		6,414,736	6,583,017
REPRESENTED BY:
UNRESTRICTED FUNDS
General Reserve	14	135,619	496,640
Designated Fixed Asset Fund	14	6,279,117	6,076,377
RESTRICTED FUNDS	14		10,000
		6,414,736	6,583,017

				2023		2022
			Notes
Net cash inflow from operations				197,062			6,402
Cash flows from investing	activities:
Investment income receipts				8,766	259
Payments for tangible fixed assets				(469,813)	(531,747)
Net cash used in investing	activities			(461,047)		(531,488)
Cash flows from financlng	activities:
Loan payments				(109,991)	(113,927)
Finance costs paid				(20,104)	(10,045)
Net cash used in financial activities				(130,095)		(123,972)
Change ln cash and cash reporting period	equivalents	in the		(394,080)		(649,058)
Cash and cash equivalents	at 1 September 2022			1,409,400		2,058,458
Cash and equivalent at 31August 2023				1,015,320		1,409,400

				2023	2023	2022
(i)	Net cash inflow from operations
	Net (expenditure)	per the SOFA			(168,281)		(394,233)
	Elimination ofnon-operating		cashflows:
	-Investment income			(8,766)		(259)
	- Financing costs			20,104		10,045
	Depreciation charge			293,237		292,750
	Loss on disposal offixed assets			95,011
	(increase)/decrease	in debtors		(98,210)		164,923
	Increase/(decrease)	in creditors		63,967		(66,824)
					365,343		400,635
	Net cash provided	from operations			197,062		6,402
						Non
Analysis ofmovements in net cash				2022	Cash flows	Cash flow	2023
						g
Cash at bank and in hand				1,409,400	(394,080)		1,015,320
Total cash and cash equivalents				1,409,400	(394,080)		1,015,320
Bank Loan (due withm one		year)		(119,134)	(11,184)		(130,318)
Bank Loan (due after one year)				(343,727)	121,175		(222,552)
Total				946,539	(284,089)		662,450

2.	CHARITABLE ACTIVITIES —FEES	CHARITABLE ACTIVITIES —FEES	CHARITABLE ACTIVITIES —FEES	RECEIVABLE	2023		2022f
	Fees receivable consist		of:
	Schoolfees				3,061,929	2,786,946
	Less: total scholarships		and bursaries		(37,133)		(55,447)
					3,024,796	2,731,499
	Scholarships, bursaries		and other awards	were paid to 8 pupils (2022: 13). Within this means-tested			bursaries
	totalling 6 13,598	were paid to 6 pupils		(2022:f26,525 to 9pupils).
3.	CHAIHTABLEAC~S —ANCILLARY TRADING INCOME				2023	2022
	Extras				181,064	232,891
	Entrance and registration		fees		11,605		8,737
	School bus income				29,444	26,405
	Educational grants				45,807	14,075
	Deposits forfeited				7,800		7,152
					275,720	289,260
4.	OTHER TRADING	A~S			2023		2022
	External lets				97,101	100,798
5.	BANK AND OTHER INTEREST
					2023		2022
					g
	Bank interest				8,766		259
6.	GRANTS, DONATIONS &LEGACIES				2023		2022
	Donations				224,330		10,700
					224,330		10,700

7.	ANALYSIS OF EXPENDITURE	ANALYSIS OF EXPENDITURE	Staff costs	Depreciation		Total
			(note 8)	(note 9)	Other	2023
(a)	Total expenditure		g
	Cost ofraising funds
	Financing costs (note 8)				20,104	20,104
	Total costs ofraising funds				20,104	20,104
	Charitable expenditure
	Education
	Teaching		1,672,340		268,278	1,940,618
	Welfare		150,280		124,675	274,955
	Premises		106,401	293,362	507,301	907,064
	Support costs snd	governance	363,430		303,055	666,485
	Total charitable	expenditure	2,292,451	293@62	1,203@09	3,789,122
	Total expenditure		2,292,451	293@62	1,223,413	3,809,226
	COMPARATIVE	ANALYSIS OF
	EXPENDITURE		Staff costs	Depreciation		Total
			(note 8)	(note 9)	Other	2022
(a)	Total expenditure		g		g	8
	Cost ofraising funds
	Financing costs (note 8)				10,045	10,045
	Total costs ofraising funds				10,045	10,045
	Charitable expenditure
	Education
	Teaching		1,445,363		370,266	1,815,629
	Welfare		129,464		83,733	213,197
	Premises		103,599	292,750	441,573	837,922
	Support costs snd	governance	381,783		269,486	651,269
	Total charitable	expenditure	2,060,209	292,750	1,165,058	3,518,017
	Total expenditure		2,060,209	292,750	1,175,103	3,528,062

Governance in support costs	2023	2022I
Governance costs include:
Remuueration paid to auditor (inclusive ofVAT) for:
Audit services	21,620	19,020
Other services

8.	FINANCING COSTS						2023	2022f
	Loan interest						20,104	10,045
9.	STAFF COSTS						2023	2022
	The aggregate payroll costs		for the	year were as		follows:
	Wages and salaries						1,966,780	1,649,015
	Social security costs						156,925	164,089
	Other pension costs						168,746	247,105
							2,292,451	2,060,209
	None ofthe Governors received any				remuneration	or other benefits &om The Mall SchooL
	Aggregate employee-benefits		ofkey management			personnel	358,865	466,376
							2023	2022
							Number	Number
	Number ofhigher paid employees			in bands of:
	f.60,001 to f70,000
	f70,000toI80,000
	f,100,001 - f.110,000
	The number with retirement		benefits		accruing
	- in Defined Contribution	schemes		was
	ofwhich the contributions	amounted			to		34,531	4,476
	—in Defined Benefit schemes		was
	ofwhich the contributions	amounted			to			65,857

	The average number	ofthe School's	employees during	the year was 5	6 (2022:54).
						2023	2022
						Number	Number
	Teaching					34	30
	Welfare, premises,	support				22	24
						56	54
10.	TANGIBLE FIXEDASSETS		Freehold	Furniture,
			land and	fittings and	Electrical	Motor
			buildings	equipment	equipment f	Vehicles	Total
	Cost
	At I September 2022		9,331,818	1,211,300	496,902	132,954	11,172,974
	Additions		456,168	12,614	1,031		469,813
	Disposals		(108,000)	(10,654)			(118,654)
	At 31August 2023		9,679,986	1,213,260	497,933	132,954	11,524,133
	Depreciation
	At 1 September 2022		3,219,590	1,002,231	423,169	107,880	4,752,870
	Eliminated on disposal		(15,120)	(8,523)			(23,643)
	Charge for the year		158,385	75,567	48,237	11,048	293,237
	At 31August 2023		3,362,855	1,069,275	471,406	118,928	5,022,464
	Net book value
	At 31August 2023		6,317,131	143,985	26,527	14,026	6,501,669
	At 37August 2022		6,112,228	209,069	73,733	25,074	6,420, 104
11.	DEBTORS					2023	2022
	Fees and extras					541,645	469,501
	Prepaymenis and accrued income					113,914	87,848
						655,559	557,349

12.	CREDITORS: amounts within one year	CREDITORS: amounts within one year	falling due	2023	2022f
	Bank loan (see note 13)			130,318	119,134
	Deposits from parents			225,463	209,163
	Fees received &om parents in advance ofterm			868,219	812,146
	Trade creditors			147,329	95,555
	Taxation and social security			67,317	50,897
	Other creditors			5,760	32,051
	Accruals and deferred	income		90,854	141,163
				1,535,260	1,460,109
13.	CREDITORS: amounts		falling due after	2023	2022
	more than one year
	Bank loan repayable	by instalments
	Due two to 5years			222,552	343,727
				222,552	343,727

ANALYSIS OFNET ASSETS	BETWEEN FUND	S
	Unrestricted	Unrestricted	Restricted	Total
	Designated	General		2023
				g
Tangible fixed assets	6,501,544			6,501,544
Net current assets		135,744		135,744
Long term liabilities	(222,552)			(222,552)
	6,278,992	135,744		6,414,736
COMPARATIVE ANALYSIS	OF NET ASSETS	BETWEEN FUNDS
	Unrestricted	Unrestricted	Restricted	Total
	Designated	General f		2022
Tangible fixed assets	6,420, 104			6,420, 104
Net current assets		496,640	10,000	506,640
Long term liabilities	(343,727)			(343,727)
	6,076,377	496,640	10,000	6,583,017

	Plant and machinery	Plant and machinery	Land and	buildings
	2023	2022	2023	2022
In 1year In 2-5 years	8,228 15,918	8,228 24,146	52,920	52,920 52,920
Over 5 years

		Unrestricted	Restricted	Total
		Total	Total	Funds
		2022	2022	2022f
Income from:
Charitable activities
School fees receivable		2,731,499		2,731,499
Ancillary trading	income	289,260		289,260
Other trading activities
Other activities		100,798		100,798
Investments
Bank aud other interest		259		259
Voluntary sources
Grants and donations			10,700	10,700
Other		1,313		1,313
Total income		3,123,129	10,700	3,133,829
Expenditure on:
Raising funds
Financing costs		10,045		10,045
Chatftable activities
Education		3,517,317	700	3,518,017
Total expenditure		3,527,362	700	3,528,062
Net (expenditure)	income	(404,233)	10,000	(394,233)
Transfers between	funds
Net movement in	funds	(404,233)	10,000	(394433)
Fund balances brought
forwanl
at 1 September 2021		6,977,250		6,977,250
Fund balances carried
forward at
31August 2022		6,573,017	10,000	6,583,017