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|Governors|Governors||||Dr C L McShane||||
|---|---|---|---|---|---|---|---|---|
||||||Mrs C Phillips||||
||||||Mr L Pytel||||
||||||Mr JA 8Speed||||
||||||Mrs K A Wyborn||||
||||||Mrs D Morgan||||
||||||Mr S D Brookhouse|(appointed||01.08.2023)|
||||||Mrs CConnelly (appointed 01.08.2023)||||
||||||Mr S R Hartley (appointed 01.08.2023)||||
||||||Mrs 8A Hunwicks|(appointed||01.08.2023)|
||||||Mr M Nikoo (appointed||01.08.2023)||
||||||Mrs S LMaher (appointed 01.09.2023)||||
||||||Mr J W Kerr (appointed||01.09.2023)||
||||||Mrs F Kitchen (appointed||02.10.2023)||
|Secretary|||||MrAG Law||||
|Head|||||Mr D P Fitzgerald||||
|Charity|Number||||297580||||
|Company||Number|||01942216||||
|Registered||Office|&Principal|Address|Church
Hill House||||
||||||Horsell||||
||||||Woking||||
||||||Surrey||||
||||||GU21 4QW||||
|Auditors|||||TC Group||||
||||||The Courtyard||||
||||||Shoreham
Road||||
||||||Upper Beeding||||
||||||Steyning||||
||||||West Sussex||||
||||||BN44 3TN||||
|Bankers|||||Lloyds Bank pic||||
||||||Woking GU1 3ZR||||
||||||Barclays Bank pic||||
||||||Woking
GU21 6AE||||
|Solicitors|||||GBH Law Ltd||||
||||||Elstead
GUB 6LB||||
##
##
|||Page|
|---|---|---|
|Governors'
Report (Incorporating|Strategic Report)||
|Statement ofGovernors'
Responsibilities|||
|Report ofthe Independent
Auditors|||
|Statement of Financial Activities||12|
|Balance Sheet||13|
|Cash Flow Statement||14|
|Notes to the Financial Statements||15|
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|Senior School Destinations|Senior School Destinations|2022/23|||||
|---|---|---|---|---|---|---|
||||Year 6|Year 8|Total||
|ACS E ham|||||||
|Bishop David Brown School|||||||
|Cranieigh|||||||
|Cranmore|||||||
|Epsom College|||||||
|Gordon's School|||||||
|Guildford
High School|||||||
|Halliford School|||||||
|Ham
ton School|||||||
|King Edward's|||||||
|Lord Wandsworth|College||||||
|LVSAscot|||||||
|Reed's School|||||||
|RGS Guildford|||||||
|Sir William
Perkins's|||||||
|St Catherine's
School|||||||
|St.John's School, Leatherhead|||||||
|St.Teresa's,
Effingham|||||||
|The Marist, Sunningdale|||||||
|Tiffin School|||||||
|Tormead School|||||||
|Woking
High|||||||
|Wellington
College|||||||
||||34|21||55|
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|The following
is a|comprehensive
list|ofcharities supported
and monies donated
last yea|r:|
|---|---|---|---|
|Alumni
Concert||Waking Hospice|6732.50|
|Clubs Charity
Day||Woking Hospice|E1,074.10|
|Carol Service||Woking Hospice|6203.13|
|Carol Service||St. Mary's Church|E203.12|
|Christmas
Jumper|Day|Save the Children|6549.06|
|Reindeer
Run||Woking Hospice|6126.60|
|Pre-prep
Numbers|Day|N.S.P.C.C.|6105.12|
|School Donation||Turkey/Syria
Earthquake|E250.00|
|Spades Charity Day||Surfers Against Sewage|F812.00|
|Pre-prep||Red Nose Day|F210.59|
|Diamonds
Charity|Day|Street Child|6694.00|
|Coronation
Day||Waking Hospice|6478.27|
|House Fair||Enthuse|E879.35|
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||||Total 2023|Total 2022|
|---|---|---|---|---|
|INCOME FROM:||Notes|6|6|
|Donations
and legacies||6|250|23,688|
|Investments||7|4,310|181|
|Charitable
activities||8|4,731,115|4,083,348|
|Other income||9|4,054,938|3,724|
|Totalincome|||8,790,613|4,110,941|
|EXPENDITURE ON:||10|||
|Charitable
activities|||5,310418|3,941,087|
|Total expenditure|||5,310,518|3,941,087|
|Net income/(expenditure)
movement
in funds|and||3,480,095|169,854|
|Fund balances brought forward||20|2,901,526|2,731,672|
|Fund balances at carried|forward|20|6,381,621|2,901,526|
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|||||2023|2022||
|---|---|---|---|---|---|---|
||||Notes||||
|Cash flows from operating|activities:||||||
|Net income forthe year||||3,480,095||169,854|
|Adjustments
for:|||||||
|Depreciation
charges|||13|165,316|186,161||
|Interest paid|||10|138,636|73,725||
|Interest received|||7|(4,310)|(181)||
|(Increase)/decrease
in debtors|||14|(39,984)|(54,859)||
|Increase/(decrease)
in creditors|||15,16|719,056|139,025||
|||||978,714||343,871|
|Net cash provided
by/(used
activities|in) operating|||4,458,809||513,725|
|Cash flows from investing|activities:||||||
|Interest received|||7|4,310|181||
|Purchase oftangible fixed assets|||13|(57,006)|(92,555)||
|Transfer ofHalstead
School|||13|(4,345,514)|||
|Net cash used in investing|activities|||(4,398,210)||(92,374)|
|Cash flows from financing activities:|||||||
|Interest paid|||10|(138,636)|(73,725)||
|Repayment
ofborrowings||||(56,929)|(67,372)||
|Net cash used in financing|activities|||(195,565)||(141,097)|
|Increase/(decrease)
in cash and cash
equivalents
in the year||||(134,966)||280,254|
|Cash and cash equivalents
the year|at the beginning|of||870,001||589,747|
|Cash and cash equivalents
year|at the end ofthe|||735,035||870,001|
##
||||At 1September|Cash flow|Non-cash|At 31August|
|---|---|---|---|---|---|---|
||||2022||Changes|2023|
||||6||6|6|
|Cash|at bank and|in hand|870,001|(134,966)||735,035|
|Bank|loan within|one year|(67,372)|(49,608)|67,372|(49,608)|
|Bank|loan after one year||(2,009,251)|49,608|(17,764)|(1,977,407)|
||||(1,206,622)|(134,966)|49,608|(1,291,980)|
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||||Total|Total|
|---|---|---|---|---|
||||2023|2022|
||||f|f|
||Donations||250|23,688|
||Total donations|in 2022 included f10,515that were restricted.|||
|7|INCOME FROM|INVESTMENTS|||
||||Total|Tota I|
||||2023|2022|
||||f|f|
||Interest||4,310|181|
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||Total|Total|
|---|---|---|
||2023|2022|
|||f|
|Gross school fees|4,886,361|4,183,527|
|Less bursaries
and allowances|(250,906)|(233,434)|
|Net school fees|4,635,455|3,950,093|
|Add:|||
|Extras income|25,808|24,468|
|Registration
fees
After school clubs|10,200
36,509|8,875
28,831|
|Easter and Summer camps|23,143|71,081|
||4,731,115|4,083,348|
|OTHER INCOME|||
||Total|Total|
||2023f|2022
f|
|Halstead
School transfer of Net Assets|4,049,901||
|Sundry income|5,037|3,724|
||4,054,938|3,724|
|||Staff costs|Depreciation|Other|Total|Tota I|
|---|---|---|---|---|---|---|
|||||costs|||
|||f|f|f|2023
f|2022
E|
|Charitable|expenditure:||||||
|Education|||||||
|Teaching||2,537,419||205,185|2,742,604|2,295,421|
|Welfare||10,195||482,282|492,477|404,771|
|Premises||57,679|165,316|1,011,140|1,234,135|757,355|
|Support and governance||317,019||524,283|841,302|483,540|
|Total expenditure||2,922,312|165,316|2,222,890|5,310,518|3,941,087|
##
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||||||Total|Tota I|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E|E|
|Governance|costs:||||||
|Current auditors'
remuneration|||for audit services||10,800|9,900|
|Accountancy|services||||6,000||
|Governors'
expenses||||||50|
|Total governance
costs|||||16,800|9,950|
|Printing,
postage and||telephone|||22,194|17,879|
|Legal and professional||fees relating to support|||145,060|24,815|
|Support staff|wages, national||insurance
and|pension|317,019|272,349|
|Advertising
and marketing|||||76,179|33,742|
|Interest payable|||||138,636|73,725|
|IT|||||46,717||
|Othersupport|costs||||78,697|51,080|
||||||824,502|473,590|
|Total support|and governance||||841,302|483,540|
|STAFF COSTS|||||||
|The average|monthly|number|ofemployees|during the year was:|||
||||||2023|2022|
||||||Number|Number|
|Teaching|||||66|61|
|Premises|||||2|2|
|Household|||||1||
|Support|||||9||
||||||78|72|
|The aggregate
payroll||casts for the year were as follows:|||||
||||||2023|2022|
||||||E||
|Wages and|salaries||||2,411,708|2,029,047|
|Social security costs|||||230,933|202,102|
|Other pension costs|||||279,671|253,063|
||||||2,922,312|2,484,212|
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|taff paid in excess off60,000per annum
in the follo|wing
bands are:||
|---|---|---|
||2023|2022|
||Number|Number|
|f60,000-f69,999|2|1|
|f70,000-f79,999
f80,000 -f89,999||2|
||4|3|
##
|Of the employees
whose emoluments|Of the employees
whose emoluments|Of the employees
whose emoluments|Of the employees
whose emoluments|exceed f60,000, four (2022: three)|exceed f60,000, four (2022: three)|exceed f60,000, four (2022: three)|exceed f60,000, four (2022: three)|have|have|retirement|benefits
accruing|benefits
accruing|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|under
defined
contribution||schemes||and none (2022: none)
have||benefits|||accruing
under|||defined
benefit|
|schemes. Total contributions
(2022:f28,060).||payable||by the school to those schemes||for|higher|||paid employees||were f41,075|
|The key management|personnel||ofthe school comprise the Headmaster,||||the||Bursar and teaching staff on the||||
|Senior Leadership
Team.|||||||||||||
|||||||||||2023||2022|
||||||||||||f.|f|
|Aggregate
employee
benefits of key
employer
pension contributions)||||management|personnel
(including|||||433,783||406,391|
|Wages and salaries includes f38,700(2022:fNil) of redundancy
costs.|||||||||||||
|COMPARATIVE STATEMENT||OF|FINANCIAL ACTIVITIES —31AUGUST|||2022|||||||
||||||Unrestricted
funds||||Restricted
funds|||Total 2022|
|INCOME FROM:||||Notes|f|||||f||f|
|Donations
and legacies||||6|13,173|||||10,515||23,688|
|Investments||||7|181|||||||181|
|Charitable
activities||||8|4,083,348|||||||4,083,348|
|Other income||||9|3,724|||||||3,724|
|Total income|||||4,100,426|||||10,515||4,110,941|
|EXPENDITURE ON:||||10|||||||||
|Charitable
activities|||||3,941,087|||||||3,941,087|
|Total expenditure|||||3,941,087|||||||3,941,087|
|Net income/(expenditure)|||||159,339|||||10,515||169,854|
|Transfers
between
funds||||20|10,515||||(10,515)||||
|Net movement
in funds|||||169,854|||||||169,854|
|Fund balances brought forward|||||2,731,672|||||||2,731,672|
|Fund balances at carried|forward|||20|2,901,526|||||||2,901,526|
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|||Freehold|I.easehold|Fixtures &|Motor||
|---|---|---|---|---|---|---|
|||Property|Buildings|Fittings|Vehicles|Total|
|Cost|||||||
|At 1September 2022||405,713|5,531,585|545,196|105,889|6,588,383|
|Transfer from Halstead|School|4,250,000||95,514||4,345,514|
|Additions||||88,378||88,378|
|Disposals||||(117,194)||(117,194)|
|At 31August 2023||4,655,713|5,531,585|611,894|105,889|10,905,081|
|Depreciation|||||||
|At 1September 2022||140,500|1,350,181|250,365|88,529|1,829,575|
|Charge forthe year||7,437|96,607|55,482|5,790|165,316|
|Eliminated
on disposal||||(117,194)||(117,194)|
|At 31August 2023||147,937|1,446,788|188,653|94,319|1,877,697|
|Net book value|||||||
|At 31August 2023||4,507,776|4,084,797|423,241|11,570|9,027,384|
|At 31August 2022||265,213|4,181,404|294,831|17,360|4,758,808|
|||2023|2022|
|---|---|---|---|
|Fee debtors||113,173|89,158|
|Prepayments|and accrued income|84,455|31,034|
|Other debtors||22,033|59,485|
|||219,661|179,677|
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||2023|2022|
|---|---|---|
||6|6|
|Trade creditors|348,473|14,034|
|Other creditors and accruals|255,576|69,707|
|Social security and other taxes|98,896|61,435|
|Feesin advance|593,003|531,911|
|Bank loans (see note 17)|49,608|67,372|
|Finance lease|6,274||
||1,351,830|744,459|
##
||2023|2022|
|---|---|---|
|Pupil deposits|253,445|153,250|
|Bank loans (see note 17)|1,977,407|2,009,251|
|Finance lease|17,777||
||2,248,629|2,162,501|
##
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||2023|2022|
|---|---|---|
|Less than one year|49,608|67,372|
|In more than one year but less than five years|198,430|269,490|
|In more than five years|1778,977|1,739,761|
||2,027,015|2,076,623|
##
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|||Balance at 1|Income|Expenditure|Transfer|Balance at31|
|---|---|---|---|---|---|---|
|||September||||August 2023|
|||2022|||||
|||f|||||
|Unrestricted|funds||||||
|General fund||2,901,526|8,790,613|(5,310,518)||6,381,621|
|Total funds||2,901,526|8,790,613|(5,310,518)||6,381,621|
##
||2023|2022|
|---|---|---|
|Within one year|270,997|230,000|
|Between one and five years|1,083,988|920,000|
|In more than five years|4,877,946|4,370,000|
||6,232,931|5,520,000|
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|At 31August
2023 the school had the following
finance
payments
of|lease commitment
with future
minimum|lease|
|---|---|---|
||2023|2022|
|Within one Year|6,274||
|Between one and five years|17,777||
||24,051||