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2023-08-31-accounts

Company
Information
Report ofthe Governors (including Strategic Report)
Report ofthe Independent Auditors
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Financial Statements
COMPANY INFORMATION
for the year ended 31August 2023
P J Humphries-Cuff - Chair
C Bromfield
RW Hook
B H Miller
Mrs J E A Stevens (resigned 1January 2024)
R S Oliver - Treasurer
HIEADTEACHER: D Lee
BURSAR: MR J Piper
REGISTERED OFFICE: Haybrook
House
Marlborough Road
Pewsey
SN9 SNT
REGISTERED NUMBER: 02164880 (England and Wales)
REGISTERED CHARITY
NUMBER: 298522
AUDITORS: Fawcetts
LLP
Chartered
Accountants
and Statutory Auditors
Windover
House
StAnn Street
Salisbury
SP12DR
SOLICITORS: Thrings
6 Drakes Meadow
Penny
Lane
Swindon
SN3 3LL
BANKERS: HSBC Bank pic
8 London Street
Basingstoke
RG21 7NU

Unrestricted fund Restricted
School Other fund Total Total
Notes E E E E E
INCOME AND ENDOWMENTS FROM:
Income from:
Charitable
activities
Fees receivable
Other income		 2
3		 2,269,697
40,329		 2,269,697
40,329		 2,242,381
56,606
Donations
and legacies		 23,090 23,090 32,604
Trading activities 1,228 1,228 17,978
Total income 2,333,116 1,228 2,334,344 2,349,569
EXPENDITURE
Expenditure
on:
Charitable
activities
School operating
costs		 2,465,467 5,112 2,470,579 2,284,149
Trading expenses 1,655 1,655 10,628
Total expenditure 5 2,465,467 1,655 5,112 2,472,234 2,294,777
NET (EXPENDITURE)/INCOME (131,351) (427) (5,112) (137,890) 54,792
Fund balances at 1September 2022 1,864,044 92,652 115,332 2,072,028 2,017,236
TOTAL FUNDS CARRIED FORWARD
AT31AUGUST 2023 1,731,693 92,225 110,220 1,934,138 2,072,028

2023 2022
Notes
FIXEDASSETS:
Tangible assets 1,687,098 1,796,488
CURRENT ASSETS:
Debtors 118,102 278,647
Cash at bank and in hand 1,075,116 1,302,337
1,193,218 1,580,984
CREDITORS: Amounts falling
due within one year 695,220 1,006,311
NET CURRENT ASSETS: 497,998 574,673
TOTAL ASSETS LESSCURRENT
LIABILITIES: 2,185,096 2,371,161
CREDITORS: Amounts falling
due after more than one year (250,958) (299,133)
1,934,138 2,072,028
FUNDS:
Unrestricted
funds		 1,823,918 1,956,696
Restricted fund 15 110,220 115,332
16 1,934,138 2,072,028
These accounts were approved and authorised for issue by the Governors on ...................f...........!and were signed on
30Hhy 2Ci2~
their behalf by:
CASH FLOW STATEMENT
for the year Ended 31August 2023
2023 2022
Notes f f
Net cash provided
by
operating
activities		 (142,521) 430,549
Cash flows from investing activities:
Purchase oftangible
assets		 (34,393) (77,971)
Net cash (used in) investing activities (34,393) (77,971)
Cash flows from financing activities:
Loan repayments (50,307) (51,397)
Net cash (used in) financing activities (50,307) (51,397)
Change
in cash and cash equivalents		 in the year (227,221) 301,181
Cash and cash equivalents at 1September 2022 1,302,337 1,001,156
Cash and cash equivaients at 31August 2023 1,075,116 1,302,337

2023 2022
f f
Net (outgoing)/incoming resources (137,890) 54,792
Depreciation
charges		 143,783 142,735
Decrease
in stock		 19,897
Decrease/(increase) in debtors 160,545 (242,152)
(Decrease)/increase in creditors (308,959) 455,277
Net cash (used in)/provided by operating activities (142,521) 430,549
2. ANALYSIS OF CASH AND CASH EQUIVALENTS
2023 2022
f f
Cash at bank and
in hand		 1,075,116 1,302,337
1,075,116 1,302,337

FEES
2023 2022
f f
Fees receivable consist of:
Gross fees 2,566,156 2,506,810
Less: Total bursaries, grants and allowances (296,459) (264,429)
2,269,697 2,242,381

2023 2022
E f
Sundry income 40,329 56,606
40,329 56,606
STAFF COSTS
2023 2022
E E
Wages and salaries 1,490,527 1,417,884
Social security costs 118,299 115,721
Other pension costs 132,722 145,205
1,741,548 1,678,810
The average monthly number of employees during the year was as follows:
2023 2022
Teaching 52 51
Non teaching 16 18
68 69
2023 2022
No No
The number of employees whose emoluments exceeded f60,000was:
E70,001 —E80,000

for the year end ed 31August 2 023
5. ANALYSIS OF TOTAL RESOURCES EXPENDED
Support 2023 2022
Staff costs costs Depreciation Total Total
E E f f
Charitable
activities:
School operating costs:
Teaching costs 1,346,144 58,353 17,811 1,422,308 1,342,494
Welfare 84,243 115,261 199,504 174,971
Premises 79,948 264,780 117,066 461,794 394,339
Management and administration 231,213 122,895 8,906 363,014 352,788
1,741,548 561,289 143,783 2,446,620 2,264,592
Governance
costs		 10,200 10,200 10,640
Costs ofgenerating funds:
Finance and other costs 13,759 13,759 8,917
1,741,548 585,248 143,783 2,470,579 2,284,149
Trading costs 1,655 1,655 10,628
Tota
I resources		 expended 1,741,548 586,903 143,783 2,472,234 2,294,777
6. TANGIBLE FIXEDASSETS
Improvements
Freehold to Plant and Nursery
property
f		 property
E		 machinery
f		 Unit
E		 Totals
f
COST
At 1September
2022		 489,602 2,173,213 484,841 610,727 3,758,383
Additions 851 33,542 34,393
At 31August 2023 489,602 2,174,064 518,383 610,727 3,792,776
DEPRECIATION
At 1September
2022		 295,259 1,093,764 429,590 143,282 1,961,895
Charge for year 9,792 79,745 26,717 27,529 143,783
At 31August 2023 305,051 1,173,509 456,307 170,811 2,105,678
NET BOOK VALUE
At 31August 2023 184,551 1,000,555 62,076 439,916 1,687,098
At 31August 2022 194,343 1,079,449 55,251 467,445 1,796,488

DUE WITHIN ONE YEAR
2023 2022
E f
Trade debtors 51,346 218,816
Other debtors 9,450 12,672
Prepayments
and accrued income		 57,306 47,159
118,102 278,647
CREDITORS: AIVIOUNTS FALLING
DUE WITHIN ONE YEAR
2023 2022
E E
Bank loans and overdrafts
(see note		 14) 45,090 51,372
Trade creditors 55,900 50,614
Social security and other taxes 27,301 26,143
Other creditors 34,881 5,786
Deferred income 480,082 812,320
Accrued expenses 51,966 60,076
695,220 1,006,311
CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE YEAR
2023 2022
f E
Bank loans
(see note		 14) 167,608 211,633
Fee deposits 83,350 87,500
250,958 299,133
NET OUTGOING
RESOURCES
Net outgoing resources are stated after charging:
2023 2022
f E
Depreciation
—owned assets		 143,783 142,735
Operating
lease rentals		 20,611 22,286
Auditors'
remuneration		 —audit 9,100 8,940
—previous year audit under provided fee 600
—other services 900 900
OPERATING
LEASE COMMITMENT
The total future
minimum		 payments due on leases expiring: 2023
f		 2022
f
Equipment
and motor vehicles:
Within one year 20,239 20,657
Between one and five years 36,444 56,092
56,683 76,749

An analysi s ofthe maturity
of		 loans is given below:
2023 2022
E f
Amounts falling due within one year:
Bank loan 45,090 51,372
Amounts falling due between one and two years:
Bank loan —1-2years 45,090 51,372
Amounts falling due between two and five years:
Bank loan —2-5 years 122,518 154,116
Amounts falling due over five years:
Bank loan —over 5 years 6,145

Balance at Balance at
1September Incoming Resources 31August
2022 resources expended 2023
E E E E
Fixed asset fund 83,492 (4,462) 79,030
Prism Foundation grant 31,840 (650) 31,190
115,332 (5,112) 110,220

The net as se ts are held for the variou s funds as follows:
Net Creditors
Fixed current due after more
assets assets than one year Total
E E E E
Unrestricted funds 1,608,068 466,808 (250,958) 1,823,918
Restricted fund 79,030 31,190 110,220
1,687,098 497,998 (250,958) 1,934,138

Unrestricted fund Restricted
School Other fund
Notes f f
INCOME AND ENDOWMENTS FROM:
Charitable
activities
Fees receivable 2,242,381 2,242,381
Other income 56,606 56,606
Donations
and legacies		 22,288 10,316 32,604
Trading activities 17,978 17,978
Total Income 2,321,275 17,978 10,316 2,349,569
EXPENDITURE ON
Charitable
activities
School operating
costs		 2,280,394 3,755 2,284,149
Trading expenses 10,628 10,628
Total expenditure 2,280,394 10,628 3,755 2,294,777
NET (EXPENDITURE)/INCOME 40,881 7,350 6,561 54,792
Fund balances at 1September 2021 1,823,163 85,302 108,771 2,017,236
TOTAL FUNDS CARRIED FORWARD
AT 31AUGUST 2022 1,864,044 92,652 115,332 2,072,028