## |||**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**|