##
|Governors|Governors|||||||
|---|---|---|---|---|---|---|---|
|||||||Mri M PTaylor (Chair)||
|||||||Mr) Bueno||
|||||||Ms W-L Chua||
|||||||Mr Wi Henderson-Deeves||
|||||||MrIW Kerr||
|||||||Dr C LMcShane||
|||||||Mrs C Phillips||
|||||||Mr L Pytel||
|||||||Miss R Ross||
|||||||MrI A BSpeed||
|||||||Mrs KAWyborn||
|||||||Mrs D Morgan (appointed|22.03.2022)|
|Secretary||||||MrAG Law||
|Head||||||Mr D P Fitzgerald||
|Charity|Number|||||297580||
|Company||Number||||01942216||
|Registered||Oflice|gr|Principal|Address|Church
Hill House||
|||||||Horsell||
|||||||Woking||
|||||||Surrey||
|||||||GU21 4QW||
|Auditors||||||TCGroup||
|||||||The Courtyard||
|||||||Shoreham
Road||
|||||||Upper Beeding||
|||||||Steyning||
|||||||West Sussex||
|||||||BN44 3TN||
|||||||United
Kingdom||
|Bankers||||||Lloyds Bank pic||
|||||||Woking GU1 3ZR||
|||||||Barclays Bank pic||
|||||||Woking GU21 6AE||
|Solicitors||||||Veale Wasbrough||
|||||||Bristol 851SWS||
|||||||GBH Law Ltd||
|||||||Elstead
GUB 6LB||
##
##
||||Page|
|---|---|---|---|
|Governors'|Report (Incorporating|Strategic Report)||
|Statement|ofGovernors'
Responsibilities|||
|Report of|the Independent
Auditors|||
|Statement|of Financial Activities||12|
|Balance Sheet|||13|
|Cash Flow|Statement||14|
|Notes tothe Financial Statements|||15|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total 2022|Total 2021|
|---|---|---|---|---|---|---|
||||funds|funds|||
|INCOME FROM:||Notes|E|6|6|E|
|Donations
and legacies||6|13.173|10,515|23,688|4,852|
|Grants||7||||14,102|
|Investments||8|181||181|5|
|Charitable
activities||9|4,087,072||4,087,072|4,032,254|
|Totalincome|||4,100,426|10,515|4,110,941|4,051,213|
|EXPENDITURE ON:||10|||||
|Charitable
activities|||3,941,087||3,941,0$7|3,855,013|
|Total expenditure|||3,941,087||3,941,087|3,855,013|
|Net income/expenditure|||159,339|10,515|169,854|196,200|
|Transfers between|funds|21|10,515|(10,515)|||
|Net movement
in funds|||169,$54||169,854|196,200|
|Fund balances brought forward||21|2,731,672||2,731,672|2,535,472|
|Fund balances at carried
forward||21|2g901p526||2,901,526|2,731,672|
##
##
##
##
##
##
##
||||||2022||2021||
|---|---|---|---|---|---|---|---|---|
||||Notes||||||
|Cash flows from operating|activities:||||||||
|Net income forthe year|||||169,854|||196,200|
|Adjustments
for:|||||||||
|Depreciation
charges|||13|186,161||175,197|||
|Interest paid|||10|73,725||64,521|||
|Interest received|||8|(181)|||(5)||
|(Increase)/decrease
in debtors|||15|(54,859)||(13,465)|||
|Increase/(decrease)
in creditors|||16,17|139,025||81,217|||
||||||343,871|||307,465|
|Net cash provided
by/(used
activities|in) operating||||513,725|||503,665|
|Cash flows from investing|activities:||||||||
|Interest received|||8|181|||5||
|Purchase oftangible fixed assets|||13|(92,555)||(103,662)|||
|Net cash used in investing|activities||||(92,374)|||(103,657)|
|Cash flows from financing|activities:||||||||
|Interest paid|||10|(73,725)||(64,521)|||
|Repayment
ofborrowings|||18|(67,372)||(56,005)|||
|Net cash used in financing|activities||||(141,097)|||(120,526)|
|Increase/(decrease)
in cash and cash
equivalents
in the year|||||280,254|||279,482|
|Cash and cash equivalents
the year|atthe beginning|of|||589,747|||310,265|
|Cash and cash equivalents|atthe end ofthe||||870,001|||589,747|
|year|||||||||
|Analysis ofnet cash/(debt)|||At 1September||Cash flow|Non-cash|At|31August|
|||||2021||Changes||2022|
|||||6||6||6|
|Cash at bank and in hand||||589,747|280,254|||870,001|
|Bank loan within one year||||(71,739)|(67,372)|71,739||(67,372)|
|Bank loan after one year||||(2,072,256)|67,372|(4,367)|(2,009,251)||
|||||(1,554,248)|280,254|67,372|(1,206,622)||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Restdicted|Total|Total|
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|E|
|Interest||181||181||
|INCOME FROM CHARITABLE ACTIVITIES||||||
|||||Total|Total|
|||||2022|2021|
|||||E|E|
|Gross school fees||||4,183,527|4,167,021|
|Less bursaries|and allowances|||(233A34)|(226,468)|
|Less Covid-19|realignment||||(29,966)|
|Net school fees||||3,950,093|3,910,587|
|A&Id:||||||
|Extras income||||24A68|10,032|
|Registration fees||||8,875|7,100|
|After school clubs||||28,831|28,320|
|Easter and Summer camps||||71,081|71,632|
|Other ancillary|income|||3,724|4,583|
|||||4,087,072|4,032,254|
|||Staff costs|Depreciation|Other|Total|Total|
|---|---|---|---|---|---|---|
|||||costs|||
||||||2022|2021|
|||6|E|E|E|E|
|Charitable|expenditure:||||||
|Education|||||||
|Teaching||2,159,679||135,742|2,295,421|2,389,425|
|Welfare||1,880||402,891|404,771|321,643|
|Premises||50,304|186,161|520,890|757,355|710,300|
|Support and governance||272,349||211,191|483,540|433,645|
|Total expenditure||2,484,212|186,161|1,270,714|3,941,087|3,855,013|
##
##
##
##
##
|Analysis ofsupport an|d gove|rn|ance
costs:||||
|---|---|---|---|---|---|---|
||||||Total|Tota I|
||||||2022|2021|
||||||6|6|
|666
Current auditors'
remuneration|||for audit services||9,900|9,600|
|Previous auditors'
remuneration|||for non-audit|services||1,740|
|Governors'
expenses
Total governance
costs
~5t:|||||50
9,950|407
11,747|
|Printing,
postage and telephone
Legal and professional
fees relating to support
Support staff wages, national
insurance
and pension
Advertising
and marketing
Interest payable
Other support costs|||||17,879
24,815
272,349
33,742
73,725
51,080|21,201
25,877
245,519
33,819
64,521
30,961|
||||||473,590|421,898|
|Total support
and governance|||||483,540|433,645|
|STAFFCOSTS|||||||
|The average monthly|number||ofemployees|during the year was:|||
||||||2022|2021|
||||||Number|Number|
|Teaching|||||61|61|
|Premises|||||2|2|
|Support|||||9|7|
||||||72|70|
|The aggregate
payroll|costs for the year were as follows:||||2022|2021|
||||||6|6|
|Wages and salaries
Social security costs|||||2,029,047
202,102|2,024,145
201,601|
|Other pension costs|||||253,063|351,224|
||||||2,484,212|2,576,970|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||f|f|
|Aggregate|employee
benefits of key management|personnel|(including|406,391|396,025|
|employer|pension contributions)|||||
|Wages and|salaries includes
ENil (2021:f17,000)of redundancy||costs.|||
##
##
||||Unrestricted|Restdicted|Total 2021|
|---|---|---|---|---|---|
||||funds|funds||
|INCOME FROM:||Notes|f|f|f|
|Donations
and legacies||6|1,048|3,804|4,852|
|Grants||7|14,102||14,102|
|Investments||8|5||5|
|Charitable
activities||9|4,032,254||4,032,254|
|Total income|||4,047,409|3,804|4,051,213|
|EXPENDITURE ON:||10||||
|Charitable
activities|||3,855,013||3,855,013|
|Total expenditure|||3,855,013||3,855,013|
|Net income/(expenditure)|||192,396|3,804|196,200|
|Transfers between funds||21|3,804|(3,804)||
|Net movement
in funds|||196,200||196,200|
|Fund balances brought|forward|21|2,535,472||2,535,472|
|Fund balances at carried forward||21|2,731,672||2,731,672|
##
##
##
##
|||Freehold|Leasehold|Fixtures &|Motor||
|---|---|---|---|---|---|---|
|||Property|Buildings|Fittings|Vehicles|Total|
|||E|||||
|Cost|||||||
|At 1September 2021|||5,512,756|668,426|105,889|6,287,071|
|Transfer from dissolved|company|405,713||||405,713|
|Additions|||18,829|73,276||92,555|
|Disposals||||~196,956)||(196,956)|
|At31August 2022||405,713|5,531,585|545,196|105,889|6,588,383|
|Depreciation|||||||
|At 1September 2021|||1,223,206|400,533|82,728|1,706,467|
|Transfer from dissolved|company|133,900||||133,900|
|Charge for the year||6,600|126,975|46,785|5,801|186,161|
|Eliminated
on disposal||||~1196.95||J196.9i31|
|At31August 2022||140,500|1,350,181|250,365|88,529|1,829,575|
|Net book value|||||||
|At31August 2022||265,213|4,181,404|294,831|17,390|4,758,808|
|At 31August 2021|||4,289,550|267,893|23,161|4,580,604|
|INVESTMENTS|||||||
|Shares in group undertakings||||||School|
|Cost|||||||
|At 1September 2021||||||100|
|Disposals||||||(100)|
|At 31August 2022|||||||
|Net book value|||||||
|At 31August 2022|||||||
|At 1September 2021||||||100|
##
##
##
|The School disposed ofinv|estments
in the followin|g
company
during th|e year:|||
|---|---|---|---|---|---|
|Sankins Limited||Company|number||01902142|
|Registered
in England and|Wales|%ofshare|capital owned|OI(4|(2021:100%)|
|||||Sankins Umited||
|||||2022|2021|
|||||E|E|
|Summary
trading results:||||||
|Turnover||||||
|Administrative
expenses|||||(6,600)|
|Net profit/(loss)|||||(6,600)|
|Summary
balance sheet:
Fixed assets
Creditors falling due within|one year||||271,813
~{433,313|
|Net assets|||||(133,800)|
|Aggregate share capital and reserves|||||(133,800)|
|Contdbution
by parent company||||||
|The parent charity contribution
tothe results for||the year is as follows:||||
|Income
Expenditure
Net income/(expenditure)|for the year||||4,051,213
~3.343,4 ~
202,800|
|DEBTORS||||||
|||||2022|2021|
|Fee debtors||||89,158|66,107|
|Amounts
due from subsidiary|||||405,613|
|Prepayments
and accrued|income|||31,034|36,681|
|Other debtors||||59,485|22,030|
|||||179,677|530,431|
##
##
##
##
##
||2022|2021|
|---|---|---|
|Trade creditors|14,034|39,509|
|Other creditors and accruals|69,707|45,424|
|Social security and other taxes|61,435|61,191|
|Fees in advance|531,911|402,188|
|Bank loans (see note 18)|67,372|71,738|
||744,459|620,050|
##
##
##
||||2022|2021|
|---|---|---|---|---|
||||f|f|
|Pupil deposits|||153,250|143,000|
|Bank loans (see note 18)|||2,009,251|2,072,257|
||||2,162,501|2,215,257|
|BANK LOANS|||||
|Bank loans are wholly repayable|in instalments|as follows:|||
||||2022|2021|
||||f|f|
|Less than one year|||67,372|71,738|
|In more than one year but less than|five years||269,490|286,960|
|In more than five years|||1,739,761|1,785,297|
||||2,076,623|2,143,995|
##
##
##
##
|||Balance at1|Income|Expenditure|Transfer|Balance at 31|
|---|---|---|---|---|---|---|
|||September||||August 2022|
|||2021|||||
|||E|||||
|Unrestricted|funds||||||
|General fund||2,731,672|4,100,426|(3,941,087)|10,515|2,901,526|
|Restricted funds|||||||
|Swop Shop|||10,515||(10,515)||
|Total funds||2,731,672|4,110,941|(3,941,087)||2,901,526|
##
##
##
##
##
||||Unrestricted|Restricted|2022|
|---|---|---|---|---|---|
||||funds|funds|Total|
||||||f|
|Fund balances at|31August 2022 are represented|by:||||
|Fixed assets|||4,758AOB||4,758,808|
|Current assets|||1,049,678||1,049,678|
|Creditors: amounts|falling due within one year||(744,459)||(744,459)|
|Creditors: amounts|falling due over one year||(2,162,501)||(2,162,501)|
||||2,901,526||2,901,526|
||||Unrestricted|Restricted|2021|
||||funds|funds|Total|
||||||f|
|Fund balances at 31August 2021are represented||by:||||
|Fixed assets|||4,852,414||4,852,414|
|Current assets|||714,565||714,565|
|Creditors: amounts|falling due within one year||(620,050)||(620,050)|
|Creditors: amounts|falling due over one year||(2,215,257)||(2,215,257)|
||||2,731,672||2,731,672|
##
||2022|2021|
|---|---|---|
|Within one year|230,000|230,000|
|Between one and five years|920,000|920,000|
|In more than five years|4,370,000|4,600,000|
||5,520,000|5,750,000|