2022-08-31-accounts

		Pages	Pages
Legal and administrative information		1
Report of the Council of Management	2-6
Independent Examiner’s report	7	-	8
Statement of financial activities
(including income and expenditure account)		9
Balance sheet		10
Statement of cash flows		11
Notes to the financial statements	12		23

Council of management	Mrs J Geldard (Chairman)
	Mr L Townsend
	Mrs S M Vincent
	Mr A W Davidson
	Mrs A O’Sullivan
	Sister McElwaine (resigned 23 November 2022)
	Mrs M Fuller
	Dr J A F Geldard
	Fr Frank Jackson (resigned 25 November 2021)
	Mr D Harman-Page (resigned 25 November 2021)
	Mr A Ong
Company secretary	Post currently vacant
Registered office	St Philomena’s School
	Hadleigh Road
	Frinton on Sea
	Essex
	C013 9HQ
Registered company number	02071112
Registered charity number	298635
Bankers	HSBC Bank
	47 Station Road
	Clacton on Sea
	Essex
	C0151RR
Independent examiner	Tim O’Connor FCCA ACA DChA
	Scrutton Bland LLP
	Chartered Accountants
	820 The Crescent
	Colchester Business Park
	Colchester
	Essex
	C04 9YQ

		**Unrestricted **	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	2022	2022	2022	2021
		£	£	£	£
Income from:
Donations:
General donations		150	1,350	1,500	1,812
Grants		-	592	592	2,898
Charitable activities:
Term fees	3	836,877	-	836,877	670,409
Pupil extras		58,944	-	58,944	30,133
Other trading activities		40,842	-	40,842	20,618
Investments		122	-	122	21
Total income		936,935	1,942	938,877	725,891
Expended on:
Raising funds	4	755		755
Charitable activities	5	714,481	884	715,365	600,867
Total expenditure		715,236	884	716,120	600,867
Net income		221,699	1,058	222,757	125,024
Transfer between funds		-	-	-	-
Net movement in funds		221,699	1,058	222,757	125,024
Total funds brought forward
at 1 September 2021		496,842	-	496,842	371,818
Total funds carried forward
at 31 August 2022		£718,541	£ 1,058	£719,599	£ 496,842

	Notes	2022	2021
		£	£
Tangible fixed assets	8	402,378	406,463
Current assets
Stock- books		2,000	2,000
Stock - consumable		361	361
Debtors and prepayments	9	1,818	2,878
Cash at bank and in hand		632,432	332,298
		636,611	337,537
Creditors: amounts falling due
within one year	10	(319,390)	(247,158)
Net current assets		317,221	90,379
Total assets less current liabilities		719,599	496,842
Net assets		£719,599	£ 496,842
Funds
Unrestricted funds	17	718,541	496,842
Restricted funds	18	1,058
		£719,599	£ 496,842

	2022	2021
	£	£
Cash flows from operating activities
Net movement in funds	222,757	125,024
Depreciation	15,863	14,419
Interest income	(122)	(21)
Decrease in debtors	1,060	1,784
lncrease/(decrease) in creditors	72,232	(4,746)
Net cash generated from operating activities	311,790	136,460
Cash flows from investing activities
Interest income	122	21
Purchase of tangible fixed assets	(11,778)	(33,184)
Net cash used from investing activities	(11,656)	(33,163)
Increase in cash and cash equivalents
in the year	300,134	103,297
Cash and cash equivalents brought forward	332,298	229,001
Cash and cash equivalents carried forward	£ 632,432	£ 332,298

	Unrestricted	Total	Total
	funds	funds	funds
	2022	2022	2021
School fees	937,173	937,173	801,995
Less: bursaries and scholarships	(100,296)	(100,296)	(131,586)
Fundraising costs	£ 836,877	£ 836,877	£ 670,409

	Unrestricted	Total	Total
	funds	funds	funds
	2022	2022	2021
Fundraising costs	£755	£755	£ -

	**Unrestricted **	Restricted	Total	Total
	funds	funds	funds	funds
	2022	2022	2022	2021
	£	£	£	£
Teaching salaries and self-employed
tutors	478,179		478,179	425,564
Rent, rates and insurance	26,227		26,227	24,761
Heat and light	7,014		7,014	7,762
Textbooks	7,977		7,977	7,534
Outings	25,790		25,790	8,195
Travelling	3,639		3,639	2,879
Supplies excluding textbooks	16,768	84	16,852	9,829
Depreciation	15,863		15,863	14,419
Repairs and renewals	27,002		27,002	12,705
Non-teaching wages	71,548		71,548	55,489
Telephone and internet	1,053		1,053	1,107
Postage, stationery and advertising	2,939		2,939	2,580
Staff welfare and cleaning	3,554		3,554	4,262
Sundries	9,311	800	10,111	8,314
Professional training and
subscriptions	3,338		3,338	3,212
Rent ofoffice equipment	5,023		5,023	4,484
Book-keeping	914		914	534
Bank charges	872		872	1,217
Bad debt provision	1,350		1,350	(93)
Human resources advisory costs	3,000		3,000	3,000
Professional fees	-		■	363
Independent examination costs	3,120		3,120	2,750
	£ 714,481	£884	£715,365	£ 600,867

	2022	2021
	£	£
Rent of premises	10,000	10,000
Depreciation	15,863	14,419
Independent examination	3,120	2,750
Office equipment rental	5,023	4,484

	2022	2021
	£	£
Wages and salaries costs	395,942	366,786
Employer’s national insurance costs	30,661	28,492
Employer’s pension costs	66,783	65,753
Total employment costs	£ 493,386	£461,031

		Capital		Capital
		improvements		improvements		Equipment
	Clover	to Clover	Jubilee	to Jubilee		fixtures	IT
	House	House	House	House	Minibus	and fittings	equipment	Total
	£	£	£	£	£	£	£	£
Cost
At 1 September 2021	122,374	81,737	330,970	92,021	30,325	31,304	14,420	703,151
Additions	-	-	-	11,778				11,778
Disposals	-	-	-
At 31 August2022	122,374	81,737	330,970	103,799	30,325	31,304	14,420	714,929
Depreciation
At 1 September 2021	61,234	29,546	124,108	22,673	23,258	23,880	11,989	296,688
Charged in year	2,447	1,635	6,619	1,962	1,600	1,114	486	15,863
Disposals	-	-	-
At 31 August 2022	63,681	31,181	130,727	24,635	24,858	24,994	12,475	312,551
Written down value
At 31 August 2022	£ 58,693	£ 50,556	£200,243	£79,164	£ 5,467	£6,310	£1,945	£ 402,378
At 31 August 2021	£61,140	£52,191	£ 206,862	£ 69,348	£ 7,067	£ 7,424	£ 2,431	£ 406,463
The fixed assets are all used for the		charitable purposes of the company.

DEBTORS AND PREPAYMENTS
	2022	2021
	£	£
Prepayments	1,818	2,878
	£1,818	£2,878

	2022	2021
	£	£
Trade creditors	16,809	6,070
Accruals	6,788	4,400
Social security and other taxes	8,363	7,652
Other creditors	7,581	7,351
Receipts in advance	231,049	176,085
Parents held deposits	48,800	45,600
	£ 319,390	£247,158

	2022	2021
	£	£
Expiry date:
Within one year	15,000	12,083
Between two and five years	62,083	60,000
Over five years	91,667	108,750
	£ 168,750	£ 180,833

	Balance at 1		Other	Balance at
	September		non-cash	31 August
	2021	Cash flows	changes	2022
	£	£	£	£
Cash	£ 332,298	300,134	-	£ 632,432

Latest actuarial valuation	31 March 2016
Actuarial method	prospective benefits
Salary scale increases per annum	4.2%
Pension increase perannum	2.0%
Value ofnotional assets at date oflast valuation (the Account)
(estimated future contributions togetherwith notional
investments held at 31 March 2016)	£196,100 million
Value of notional liabilities at date of last valuation (pensions
currently in payment and the estimated future costs ofbenefits)	£218,100 million
Balance of Scheme assets and liabilities at 31 March 2016	£(22,000) million
Proportion ofmembers’ accrued benefits covered bythe
notional value ofthe assets	89.91 %

	Balance at				Balance at
	1 September	Incoming	Outgoing		31 August
	2020	resources	resources	Transfers	2021
Unrestricted Fund	£ 370,943	£ 856,570	£(730,671)	£ -	£ 496,842
	Balance at				Balance at
	1 September	Incoming	Outgoing		31 August
	2021	resources	resources	Transfers	2022
Unrestricted Fund	£ 496,842	£ 936,935	£(715,236)	£ -	£718,541

		Balance at				Balance at
	**1 **	September	Incoming	Outgoing		31 August
		2020	resources	resources	Transfers	2021
Miscellaneous donations		£875	£907	£(1,782)	£ -	£ -
		Balance at				Balance at
	**1 **	September	Incoming	Outgoing		31 August
		2021	resources	resources	Transfers	2022
Miscellaneous donations		£ -	£ 1,942	£ (884)	£ -	£ 1,058

	Unrestricted	Restricted	Total
	2022	2022	2022
	£	£	£
Fixed assets	402,378		402,378
Net current assets/(liabilities)	316,163	1,058	317,221
	£718,541	£ 1,058	£719,599