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|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||||
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||||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|
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||||||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|
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|||||||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|
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|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|
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|||||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|||||
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|||||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|
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|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|
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|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|
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||||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|
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|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|
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||||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|