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2023-08-31-accounts

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

Charity Registration No. 298326

Company Registration No. 02203226 (England and Wales)

ST. MARY'S HARE PARK SCHOOL

(A company limited by guarantee and not having a share capital)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees F. Jones B. Olofinjana K Schrod (Appointed 19 April 2024) Charity number 298326 Company number 02203226 Principal address South Drive Gidea Park Romford Essex RM2 6HH Auditor TC Group 5th Floor 3 Dorset Rise London EC4Y 8EN

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

CONTENTS

Page
Trustees' report 1 - 8
Independent auditor's report 9 - 11
Statement of financial activities 12
Statement of financial position 13
Statement of cash flows 14
Notes to the financial statements 15 - 28

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2023

The trustees present their annual report and financial statements for the year ended 31 August 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives, Activities and Performance

Pupils

At September 2022 we had 133 pupils on roll. There are two classes (Years 3 and 4) which have the optimum number of students.

Projected numbers of pupils for September 2023 are 140 rising to 147 in January 24. These figures are the results of the hard work by the Head Teacher and his staff in growing our pupil numbers. We are still below the desired numbers and it will take several years to reach our optimum target of 172. However, the two open mornings in this school year, increased marketing and a newly created social media footprint has lead to our transition year being oversubscribed for 23/24 and 24/25 already which is fantastic.

The school staff, pupils and parents are to be thanked for their support for these events and the turnaround in recruiting pupils to our school.

Secondary places:

Our current Year 6 class were very successful in securing their first choices for schools following excellent results in the ISEB exams sat last September with a 100% pass rate for those that took the exam. All of our Year 6 pupils were accepted to their first choice Grammar school and the rest to local independent or comprehensive schools.

Nine of our Year 6 pupils sat the ISEB entrance exam in November 2022, and all of them passed and were offered a place at Brentwood School. By their own recognition, to have a 100% pass rate resulting in offers for all students, was a first. Another proud achievement for our school.

Pupil data

The latest data collected following end of Summer term tests has shown that the school is continuing to produce an excellent standard of academic achievement, especially when taking into account the impact of the pandemic on lost curriculum time this last three years.

Reading and Maths results commonly show that our classes achieve exceeding and above percentages of 90% and more. A key area of focus identified for improvement next school year is writing, which is very much in common with national trends. In addition, a review will be made of the current provision for our able and talented children, and how this will be supported, monitored and tracked from September 2023/24.

School council met with the Head Teacher on a regular weekly basis, and have been very proactive in representing their respective classes. Their main themes for discussion are based on environmental initiatives that we would like the school to implement. This led to the delivery of a new composting device called a ‘Ridon’ which will recycle food waste from the lunch room. We have also secured new recycling wheely-bins from Havering Council to recycle plastic and paper waste on a weekly basis.

Attendance

In September 2022, all independent schools were asked to sign a Data Sharing Agreement with the London Borough of Havering and we subsequently meet with them on a quarterly basis and report our attendance figures to them.

Our overall attendance figures for the year have been term 1 – 93%, term 2 – 93% and term 3 – 94.8%.

The national average target for attendance is 95%.

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Lamda:

Three classes have sat Lamda exams over the course of the year, and once again are results have been outstanding. Year 2: Solo Introductory Stage 2 - 9 children received distinction and 4 children received merit. Year 6: Solo Acting Grade 1 - 8 children received distinction and 3 children received merit. Solo Acting Grade 3 - 3 children received distinction. Year 5: Speaking in Public Grade 3 - 12 children received distinction and 4 children received merit.

Educational and Residential Trips

The school has arranged a variety of opportunities for children of all ages to attend various sites for curricular and extra-curricular opportunities. School trips have been permitted in general, following the relative relaxing of Covid rules in public spaces.

These include:

PGL Residential:

Our Year 6 class spent three days at the PGL centre at Marchants Hill Adventure Centre in Surrey in May. This was the first residential trip to an outward bounds centre of this nature for a number of years, and was very well received by parents. The trip was a huge success and a similar trip is being planned for next school year. Next year’s Year 6 class attended the same centre in May 2024.

Sports Events:

Following the excellent work of our PE team led by PE coordinator, children of all ages from Years 1-6 were entered for numerous competitions this year including; athletics, tag rugby, football, tennis and cricket.

We have continued to provide numerous opportunities for pupils to represent our school at all levels in both competitive and non-competitive sports. Now that the children are gaining in experience we have seen an improvement in results and final standings. Most notably, our Year 1 and 2 mixed football team won their tournament with the Havering Football League.

Other events which we have participated in thus far include; KS2 indoor athletics, Year 1 and 2 football, cross country, netball and cricket.

ISA Events:

The school entered children for art and drama events for the first time with some excellent results. In the Shakespearean Monologue competition, a Year 5 pupil was the overall winner (nationally) in the Key Stage 2 category, a truly outstanding achievement.

The school has recently participated in the ISA Platinum Jubilee Design Challenge, where the judges selected the work of two Year 5 students and that of the Year 2 class, to feature in their final online gallery of all work submitted by ISA schools nationally.

We anticipate investing more time and preparation towards taking part further in events in a number of categories including sports, arts, music and drama next school year.

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

School Events

We are pleased that many of the traditional school events have been able to take place thus far.

Weekly assemblies have fully resumed and parents have been invited to share in these memorable occasions.

Popular events (non PTA) held this year include:

The school year ended with a school mass, prize giving ceremony, graduation ceremony and end of year production.

A number of successful charity/fundraising events have been held, including:

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Staff

We were delighted that no staff left the school at the end of this school year meaning that pupils, parents and colleagues had continuity and is an illustration of how far the school’s culture for staff has improved with the Head Teacher on his fourth year.

Staff meetings, which are held every Monday afternoon, continue to provide opportunities to develop teachers practice and embed new strategies. All staff meetings have been minuted.

All staff have been encouraged to attend ISA courses and professional development opportunities, which are subsidised through our membership.

The Senior Leadership Team (SLT) have met weekly with their prime focus has been to oversee whole school development in line with the school development plan. There has also been the introduction of a Middle Leadership Team (MLT) to acknowledge the significant impact that these key leaders have on whole school development, and to create strategic links with the SLT.

Safeguarding

The staff received all of the relevant updates regarding the latest ‘keeping children safe in education‘ document in the staff inset at the start of the school year.

The Designated Safeguarding Lead (DSL) has attended all relevant webinars and meetings proposed by the Havering School Services and has established links with the relevant persons providing this essentials support.

The staff completed the annual certificate in safeguarding though the national college platform. It was recommended that Trustees complete a safeguarding course designed for Trustees which was completed.

The school sends out weekly safeguarding information and advice to parents attached to our school newsletter.

The safeguarding policy has been reviewed and updated including the use of CPOMS safeguarding monitoring platform.

Digital Learning Strategy

Digital learning has been at the forefront of school development for the last three years and the school has made considerable strides forward in regards to its provision of digital resources and access to digital based teaching and learning.

The new strategy sets out clearly the short term and long term aims for our school. It also explains the rationale behind why digital learning is an essential part of current and future education and the benefits to pupils learning and development.

Meetings and workshops have been held with parents and a new three-year leasing agreement made with our partners JTRS. This will come into effect in January 2024.

Communication with Parents

The school continues to strive to improve communication with parents in a variety of ways. The school newsletter continues to be well received by parents who appreciate its colourful content and updates on what their children have been doing in school.

Discussions with parents are ongoing to consider ways in which the school and office can communicate more effectively with our families. This has seen improvements through emails via ISAMS and the introduction of Google Forms as a way to gain parental consent efficiently for trips etc. However, there is still work to be done to make this more consistent and to aim for a ‘one stop shop’ solution, so that parents can receive communications in time and in one place

School website

The website has had an overhaul from the Head Teacher and is now full of content and the website has a much more complete look to it.

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Improvements to School Premises

A large capital expenditure occurred over the summer holidays and year. A number of transformations and improvements have been completed this year. All work has been signed off and accounted for. This includes:

In addition, the following improvements have been made:

RAAC

The school had an inspection for the potential presence of RAAC as is required by the DFE. We are glad to report that this showed no presence of aerated concrete in the school.

School Interior

We have been progressively improving the presentation and distribution of classroom spaces and other important areas of the school building. The objective is to create a learning environment which reflects the high standards of achievement and expectations for our pupils. In addition, the maintenance of certain spaces required essential work to avoid irreparable damage.

A wellbeing room has been completed over the summer break with the participation of staff members during their own time. Given the importance of wellbeing and mental health in schools today, this will be provide an essential provision for pupils of all ages.

The server room is in the process of being decorated. This room will provide essential storage for confidential documents and general classroom resources, freeing up space in other key areas including the school office and staffroom.

The nursery had a complete makeover during the summer break. The bright and clean finishings have given a new lease of life to this area for our youngest children and the staff who work there.

An intervention room and wellbeing space for children has been created. Staff volunteered in the summer holidays to decorate it and the artist who painted the mural in the upgraded library uniquely decorated this space.

The school had a new server installed in January to replace the old one which was not functioning correctly.

Public benefit statement

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The Trustees consider that the activities outlined above satisfy the public benefit requirements.

The reserves of the charity are primarily held to finance the day to day running costs of the school.

Financial review

The school's principal source of income is school fees. The total incoming resources for the year was £1,356,137 (2022: £1,316,277). Total resources expended in the year was £1,689,075 (2022: £1,661,399). The net expenditure for the year was £307,938 (2022: £395,122).

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Reserves Policy

The reserves of the charity are primarily held to finance the day to day running costs of the school.

It is the policy of the trustees that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the school’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has reduced during the year.

The total funds at the year end are £542,695 (2022: £850,633). Of this balance, £408 (2023: £564) are restricted funds, £424,656 (2022: 604,595) are designated funds and £117,631 (2022: £245,474) are general unrestricted funds. Free reserves at the year end total £nil (2022: £nil). The charity is working to bring the free reserves back to a positive position.

The designated funds relate to amounts earmarked by the trustees for various repairs and maintenance of the school building. The expected timing of this expenditure is uncertain, as the charity has no major repairs planned, therefore these will be spent as and when required.

Risk Management

The trustees have assessed the major risks to which the charity is exposed which includes the financing of the school's operations. The trustees are satisfied that systems are in place to mitigate exposure to the major risks.

The trustees' strategy is one of continuing improvement including :

The principal risks and uncertainties currently facing the school are as follows:

External economic factors and the sustainability of fee increases

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Structure, governance and management

The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association which were signed by the subscribers on the 11th November 1987. The school is a registered charity registered under the name St. Mary's Hare Park School.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

G. Spencer (Resigned 8 December 2022)
F. Jones
K. Wilson (Resigned 19 April 2024)
B. Olofinjana
K Schrod (Appointed 19 April 2024)

The trustees may appoint any member of the school as a trustee of the charity and at any time. This is usually done to replace a vacancy but it can be done to add to the number of trustees. Trustees appointed in this manner shall retain this position only until the next Annual General Meeting, however at this point they shall be eligible for reelection.

None of the trustees has any beneficial interest in the company.

All new trustees must undergo a day of orientation in order to brief them on their legal obligation under both charity and company law, the content of the Memorandum and Articles of Association, the school and decision-making process, the future business plans and the financial performance of the charity

The day to day management of the school is delegated to the Headteacher; however, the decisions regarding the overall direction of the school are determined by the trustees. The trustees meet as a group to make decisions about the budget, the long term plans of the school and also monitor the information they receive with respect to performance.

The day to day management of the school is delegated to the Head Teacher; however, the decisions regarding the overall direction of the school are determined by the trustees. The trustees meet as a group to make decisions about the budget, the long term plans of the school and also monitor the information they receive with respect to performance.

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Statement of trustees' responsibilities

The trustees, who are also the directors of St. Mary's Hare Park School for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that TC Group be appointed as auditor of the company will be put at a General Meeting.

Trustees' report and small companies exemption

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

.............................. F. Jones

Trustee

Date: ......................13/12/2024

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ST. MARY'S HARE PARK SCHOOL

Opinion

We have audited the financial statements of St. Mary's Hare Park School (the ‘charity’) for the year ended 31 August 2023 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ST. MARY'S HARE PARK SCHOOL

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees, (who are also directors of the charitable company for the purposes of company law), are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which the audit was considered capable of detecting irregularities including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Our approach was as follows:

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ST. MARY'S HARE PARK SCHOOL

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

TC Group .........................13/12/2024 Chartered Accountants Statutory Auditor

5th Floor 3 Dorset Rise London EC4Y 8EN

TC Group is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023

Unrestricted Restricted Total Unrestricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes £ £ £ £ £ £
Income from:
Donations and legacies 3 952 - 952 3,482 - 3,482
Charitable activities 4 1,338,582 - 1,338,582 1,298,274 - 1,298,274
Other trading activities 5 576 - 576 - - -
Investments 6 16,027 - 16,027 14,521 - 14,521
Total income 1,356,137 - 1,356,137 1,316,277 - 1,316,277
Expenditure on:
Charitable activities 7 1,688,919 156 1,689,075 1,659,788 1,611 1,661,399
Net gains/(losses) on
investments 13 25,000 - 25,000 (50,000) - (50,000)
Net expenditure for the year/
Net movement in funds (307,782) (156) (307,938) (393,511) (1,611) (395,122)
Fund balances at 1
September 2022 850,069 564 850,633 1,243,580 2,175 1,245,755
Fund balances at 31
August 2023 542,287 408 542,695 850,069 564 850,633

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2023

AS AT 31 AUGUST 2023 AS AT 31 AUGUST 2023 AS AT 31 AUGUST 2023 AS AT 31 AUGUST 2023
Notes
Fixed assets
Property, plant and equipment
14
Investment properties
16
Current assets
Inventories
15
Trade and other receivables
17
Cash at bank and in hand
Current liabilities
18
Net current assets
Total assets less current liabilities
Non-current liabilities
19
Net assets
Income funds
Restricted funds
21
Unrestricted funds
Designated funds
23
General unrestricted funds		 2023
£
£
131,199
325,000
456,199
2,539
52,492
520,177
575,208
(225,092)
350,116
806,315
(263,620)
542,695
408
424,656
117,631
542,287
542,695		 2022
£
£
152,349
300,000
452,349
2,232
40,701
793,811
836,744
(165,000)
671,744
1,124,093
(273,460)
850,633
564
604,595
245,474
850,069
850,633
452,349
671,744
1,124,093
(273,460)
850,633
564
850,069
850,633
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 August 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on .........................
..............................
F. Jones
Trustee
Company Registration No. 02203226
13/12/2024

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .........................13/12/2024

..............................

F. Jones Trustee Company Registration No. 02203226

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2023

2023 2022
Notes £ £ £ £
Cash flows from operating activities
Cash absorbed by operations 27 (271,735) (345,186)
Investing activities
Purchase of property, plant and equipment (17,926) (125,780)
Investment income received 16,027 14,521
Net cash used in investing activities (1,899) (111,259)
Net cash generated from financing activities - -
Net decrease in cash and cash equivalents (273,634) (456,445)
Cash and cash equivalents at beginning of year 793,811 1,250,256
Cash and cash equivalents at end of year 520,177 793,811

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies

Charity information

St. Mary's Hare Park School is a private company limited by guarantee incorporated in England and Wales. The charity's principle address is St. Mary's Hare Park School, South Drive, Gidea Park, Romford, RM2 6HH.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound sterling.

The accounts have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies

(Continued)

Charitable expenditure comprises expenses incurred directly in pursuance of the advancement of the charity's principle charitable objectives and are accounted for on an accruals basis.

Resources expended that are attributable to more than one heading of expenditure are apportioned accordingly. The apportionment is based on an estimate of the resources expended in each area.

1.6 Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

School building Over the term of the lease of the school's premises Computer equipment Straight line over 3 years Fixtures, fittings & equipment Straight line over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value as at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.8 Impairment of non-current assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at revalued amount where the impairment loss is a revaluation decrease.

1.9 Inventories

Inventories are stated at the lower of costs and the estimated net present value.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.13 Retirement benefits

The charity operates a defined contribution pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.

1.14 Interest free loans (Bond Scheme)

A Bond Scheme is used as a means of generating additional income by way of interest . A single payment equivalent to £500 (2022: one term's fees) is required when the child commences school. This is an interestfree loan redeemable when the child completes Year 6 (any refund before this age is at the discretion of the Board of Trustees). Accordingly, bonds in respect of children who have completed Year 5 in the year under review are treated as creditors due within one year, all other bonds are treated as creditors due after more than one year.

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Investment property valuations are considered to be a critical accounting estimate, The company holds investment properties at fair value, and the fair value is reviewed at the end of each accounting period with reference to current market rental yields, market evidence of transactions relating to similar properties, as well as other factors such as any indication of impairment.

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Donations and gifts 952 3,482

Docusign EnvelopÈ ID." 8F82DEBE-70CC4AA&81 F&149368B32855 ST. MARY'S HARE PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Charitable activities School fee5 Nursery school fees Other school Income 2023 Total School fee5 2023 Nursery school fees Other school Income 2022 Total 2022 2023 2023 2022 2022 Income within charitable activities 1,265,860 56,963 15,759 1,338,582 1,218,055 62,804 17,415 1,298,274 19-

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

5 Other trading activities

Unrestricted Total
funds
2023 2022
£ £
Commission and other trading activities 576 -
**Unrestricted ** Unrestricted
funds funds
2023 2022
£ £
Rental income 14,420 14,400
Interest receivable 1,607 121
16,027 14,521

Docusign EnvelopÈ ID." 8F82DEBE-70CC4AA&81 F&149368B32855 ST. MARY'S HARE PARK SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Expenditure on charitable activities Taaching Premises costs Support costs of schooling 2023 Total T8aching Premis•s costs Support costs of schooling 2022 Total 2023 2023 2023 2022 2022 2022 Dlrect costs Stsff costs Depreciation and impaimenl General schooling costs Bursaries Operating lease rentsls 1,056,657 1,056,657 39,076 529,420 4,725 16,250 1,045,345 1,045,345 69,196 490,590 13,320 15,000 2,669 397,290 36,407 132,130 4,725 9,801 252,367 59,395 238,223 13.320 16,250 15,000 1,056,657 416,209 173,262 1,646,128 1,045,345 277,168 310,938 1,633,451 Sharo of support and governan¢• costs {see nots 101 )vernan 42,947 42,947 27,948 27,948 1,056.657 416.209 216.209 1,689.075 1,045.345 277.168 338.886 1,661.399 Analysis by fund Unrestricted funds Restricted funds 1,056,657 416,209 216,053 1,688,919 156 156 1,045,345 275,875 1,293 338,568 1,659,788 318 1,611 1,056,657 416,209 216,209 1,689,075 1,045,345 277,168 338,886 1,661,399 21

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

8 Net movement in funds 2023 2022
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements 13,200 12,600
Depreciation of owned property, plant and equipment 39,076 69,196

9 Trustees

During the prior year, the charity re-imbursed expenses of £500 to a trustee.

10
Support costs
Support
costs
Governance
costs
£
£
Audit fees
-
13,200
Legal and professional
-
29,747
-
42,947
Analysed between
Charitable activities
-
42,947		 2023
Support
costs
Governance
costs
£
£
£
13,200
-
12,600
29,747
-
15,348
42,947
-
27,948
42,947
-
27,948		 2022
£
12,600
15,348
27,948
27,948

Governance costs includes payments to the auditors of £12,600 (2022: £12,000) for audit fees.

11 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
Teachers 13 13
Teaching assistants 19 19
Administration 4 4
Other 4 3
Total 40 39

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

11
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2023
2022
£
£
953,926
944,254
79,338
75,993
23,393
25,098
1,056,657
1,045,345		 (Continued)
2023
2022
£
£
953,926
944,254
79,338
75,993
23,393
25,098
1,056,657
1,045,345
1,045,345

The number of employees whose annual remuneration was more than £60,000 is as follows:

2023 2022
Number Number
£60,000 to £70,000 - 1
£70,000 to £80,000 1 -
£80,000 to £90,000 - 1

The employee whose emoluments exceed £60,000 had retirement benefits accruing under defined contribution pension schemes.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2023 2022
£ £
Aggregate compensation 76,526 76,781

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Net gains/(losses) on investments

2023 2022
£ £
Gain/ (loss) on revaluation of investment properties 25,000 (50,000)

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

14 Property, plant and equipment

School
building
Computer
equipment
Fixtures,
fittings &
equipment
£
£
£
Cost
At 1 September 2022
153,036
166,358
485,671
Additions
-
-
17,926
At 31 August 2023
153,036
166,358
503,597
Depreciation and impairment
At 1 September 2022
88,976
150,505
413,235
Depreciation charged in the year
2,669
9,557
26,850
At 31 August 2023
91,645
160,062
440,085
Carrying amount
At 31 August 2023
61,391
6,296
63,512
At 31 August 2022
64,060
15,853
72,436
15
Inventories
2023
£
Finished goods and goods for resale
2,539
16
Investment property
Fair value
At 1 September 2022
Revaluation
At 31 August 2023		 School
building
Computer
equipment
Fixtures,
fittings &
equipment
£
£
£
Cost
At 1 September 2022
153,036
166,358
485,671
Additions
-
-
17,926
At 31 August 2023
153,036
166,358
503,597
Depreciation and impairment
At 1 September 2022
88,976
150,505
413,235
Depreciation charged in the year
2,669
9,557
26,850
At 31 August 2023
91,645
160,062
440,085
Carrying amount
At 31 August 2023
61,391
6,296
63,512
At 31 August 2022
64,060
15,853
72,436
15
Inventories
2023
£
Finished goods and goods for resale
2,539
16
Investment property
Fair value
At 1 September 2022
Revaluation
At 31 August 2023		 School
building
Computer
equipment
Fixtures,
fittings &
equipment
£
£
£
Cost
At 1 September 2022
153,036
166,358
485,671
Additions
-
-
17,926
At 31 August 2023
153,036
166,358
503,597
Depreciation and impairment
At 1 September 2022
88,976
150,505
413,235
Depreciation charged in the year
2,669
9,557
26,850
At 31 August 2023
91,645
160,062
440,085
Carrying amount
At 31 August 2023
61,391
6,296
63,512
At 31 August 2022
64,060
15,853
72,436
15
Inventories
2023
£
Finished goods and goods for resale
2,539
16
Investment property
Fair value
At 1 September 2022
Revaluation
At 31 August 2023		 School
building
Computer
equipment
Fixtures,
fittings &
equipment
£
£
£
Cost
At 1 September 2022
153,036
166,358
485,671
Additions
-
-
17,926
At 31 August 2023
153,036
166,358
503,597
Depreciation and impairment
At 1 September 2022
88,976
150,505
413,235
Depreciation charged in the year
2,669
9,557
26,850
At 31 August 2023
91,645
160,062
440,085
Carrying amount
At 31 August 2023
61,391
6,296
63,512
At 31 August 2022
64,060
15,853
72,436
15
Inventories
2023
£
Finished goods and goods for resale
2,539
16
Investment property
Fair value
At 1 September 2022
Revaluation
At 31 August 2023		 Total
£
805,065
17,926
822,991
652,716
39,076
691,792
131,199
152,349
2023
£
2,539		 2022
£
2,232
2023
£
300,000
25,000
325,000

The investment property has been valued at 31 August 2023 by the trustees of the charitable company.

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

17 Trade and other receivables

Amounts falling due within one year:
Trade receivables
Prepayments and accrued income
Current liabilities
Notes
Other taxation and social security
Deferred income
22
Trade payables
Other payables
Accruals		 2023
£
15,380
37,112
52,492
2023
£
20,486
26,558
111,494
49,768
16,786
225,092		 2022
£
1,645
39,056
40,701
2022
£
-
44,932
39,623
57,088
23,357
165,000

18 Current liabilities

Creditors within one year includes deferred income, which is made up of school fees and school meals paid in advance.

19 Non-current liabilities

19
Non-current liabilities
Other payables
20
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2023
£
263,620
2023
£
23,393		 2022
£
273,460
2022
£
25,098

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

21 Restricted funds

The income funds of the charity include restricted funds comprising the following balances of donations and grants held on trust for specific purposes:

At 1 Resources At 31 August
September expended 2023
2022
£ £ £
Portable hearing loop 400 - 400
Greenhouse 164 (156) 8
564 (156) 408
Previous year: At 1 Resources At 31 August
September expended 2022
2021
£ £ £
Outdoor play area shelter 1,293 (1,293) -
Bike shelter 162 (162) -
Portable hearing loop 400 - 400
Greenhouse 320 (156) 164
2,175 (1,611) 564
22 Deferred income
2023 2022
£ £
School fees paid in advance 26,558 44,932

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

23 Designated funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

Balance at Resources Balance at Resources Balance at
1 September expended 1 September expended 31 August
2021 2022 2023
£ £ £ £ £
Dilapidations 39,000 - 39,000 - 39,000
Property improvements 572,314 (35,553) 536,761 (179,939) 356,822
Garden maintenance 28,834 - 28,834 - 28,834
640,148 (35,553) 604,595 (179,939) 424,656

The trustees have set aside the above designated funds for specific purposes as indicated above.

24 Analysis of net assets between funds

Unrestricted Restricted Total Unrestricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Fund balances at 31 August 2023 are represented by:
Property, plant and
equipment 131,191 8 131,199 152,185 164 152,349
Investment properties 325,000 - 325,000 300,000 - 300,000
Current assets/(liabilities) 349,716 400 350,116 671,344 400 671,744
Long term liabilities (263,620) - (263,620) (273,460) - (273,460)
542,287 408 542,695 850,069 564 850,633

25 Related party transactions

There were no disclosable related party transactions during the current or prior year, other than those noted in note 9.

Docusign Envelope ID: 8FB2DEBE-70CC-4AA3-B1F5-149368B32B55

ST. MARY'S HARE PARK SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

26 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years
In over five years
27
Cash absorbed by operations
Deficit for the year
Adjustments for:
Investment income recognised in statement of financial activities
Fair value gains and losses on investment properties
Depreciation and impairment of property, plant and equipment
Movements in working capital:
(Increase)/decrease in inventories
(Increase) in trade and other receivables
Increase/(decrease) in trade and other payables
(Decrease) in deferred income
Cash absorbed by operations
28
Analysis of changes in net funds
At 1 September
2022
Cash flows
Other
£
£
Cash at bank and in hand
793,811
(273,634)
Bonds falling due within one year
(59,750)
45,740
Bonds falling due after more than one year
(273,460)
(11,500)
460,601
(239,394)		 2023
2022
£
£
37,920
25,274
21,195
6,004
1,531
-
60,646
31,278
2023
2022
£
£
(307,938)
(395,122)
(16,027)
(14,521)
(25,000)
50,000
39,076
69,196
(307)
560
(11,791)
(14,839)
68,626
(40,394)
(18,374)
(66)
(271,735)
(345,186)
non-cash
changes
At 31 August
2023
£
£
-
520,177
(32,960)
(46,970)
21,340
(263,620)
(11,620)
209,587