OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

Mr R Thompson Mr R Thompson Mr R Thompson (Chair) Mrs A Dusek
Mrs E Halliday Mr A Rudak (stood down 30.08.22)
Mrs 2 McKinnon Mr C Pugh (stood down 02.03.22)
Mr S Potts Mr N Garner
Mr A Wallace Mrs A Borwick
Ms T Hartley
The Governors are the directors of the company
and the charity trustees.
Officers and Advisors
Headmaster Mr Gareth
R A Davies
Bursar and Company Secretary Mrs Vanessa Lakatos
Address and Registered Office Gayhurst
School
Bull Lane
Gerrards
Cross
Buckinghamshire
SL9 8RJ
Bankers National
Westminster		 Bank Plc
Gerrards
Cross
Buckinghamshire
SL9 8EA
Auditors Haysmacintyre
10Queen Street Place
London
EC4R IAG
Solicitors Moore Barlow LLP
The Oriel
Sydenham
Road,
Guildford
GU1 3SR
Insurance Brokers Hayes Parsons
St Lawrence
House
Bristol Street
Bristol
BS1 2HF

Unrestricted Total Total
Total Funds Funds
INCOME FROM: 2022 2022 2021
Notes E E E
Charitable
Activit:ies:
Fees receivable 4,786, 571 4,786,571 4,300,567
Grants and donations 12,007 12,007 44,240
Investments 6,498 6,498 3,336
Other 93,437 93,437 41,510
Total 4,898,513 4,898,513 4,389,653
EXPENDITURE ON:
Charitable
Activity
School Operating Costs:
Teaching costs 2,695,980 2,695,980 2,524,716
Welfare 379,181 379,181 295,879
Premises 678,657 678,657 643,360
Support costs of schooling 552,686 552,686 423,112
Finance costs 5,955 5,955 4,924
Total 3 4,312,459 4,312,459 3,891,991
Net Income 586,054 586,054 497,662
Transfers
between		 funds
Net movement in funds 586,054 586,054 497,662
Balance brought forward 6,624,944 6,624,944 6,127,282
Balance carried forward 7,210,998 7,210,998 6,624,944
2022 2021
Notes
FIXED ASSETS
Tangible assets 5,526,904 4,246,072
CURRENT ASSETS
Debtors
—fees		 422
Other debtors 48,158 7,773
Prepayments and accrued income 158,118 49,437
Total debtors 206,276 57,632
Cash at bank and in hand 3,531,095 3,624,131
3 737 371 3,681,763
CURRENT LIABILITIES
Creditors
and		 accruals 6 (1,295,895) (1,102,505)
Bank loan 8 (92,382) (131,087)
(1,458,277) (1,233,592)
NET CURRENT ASSETS 2,349,094 2,448,171
TOTAL ASSETS LESS CURRENT
LIABILITIES 7,875,998 6,694,243
CREDITORS: due after more than
one year (665,000) (69,299)
NET ASSETS 7,210,998 6,624,944
FUNDS
Unrestricted funds 7,210,998 6,624,944
7,210,998 6,624,944
2022 2021
E E
Cash flows from operating
activities:
Net cash provided
by operating		 activities A 852,566 962,393
Cash flows from investing
activities:
Interest received 6,498 3,336
Payments
for tangible
fixed assets		 (1,509,096) (109,658)
Net cash used in investing
activities		 (1,502,598) (106,322)
Cash flow from financing
activities
Loan drawn
down		 700,000
Repayment
of long term loan		 (143,004) (131,086)
556,996 (131,086)
Net cash used by financing
activities
Change
in
cash
and
cash		 equivalents in the (93,036) 724,985
reporting
period
Cash and cash equivalents
at		 the beginning of the 3,624,131 2,899,146
reporting
period
Cash
and
cash
equivalents		 at the end of the 3,531,095 3,624,131
reporting
period		 B
A.
Reconciliation
ofnet movements		 in funds to net cash flow from operating activities
2022 2021
E E
Net movement
in funds for the		 reporting period
(as per the statement
offinancial		 activities) 586,054 497,662
Adjustments
for:
Depreciation
charges		 220,705 238,714
Interest received (6,498) (3,336)
(Increase)/decrease
in debtors		 (148,646) 32,167
(Decrease)/increase
in creditors		 193,392 194,159
Loss on disposal of fixed assets 7,559 3,027
Net cash
provided
by operating		 activities 852,566 962,393
B. Analysis of cash and cash equivalents 2022 2021
E E
Cash at bank and in hand 3,531,095 3,624,131
Total cash and cash equivalents 3,531,095 3,624,131

LLH and Buildings 2/o on cost
Furniture,
Fittings and		 Equipment - 10/o on cost
Short Leasehold
Property		 (Boilers) - 10/. on cost
All Weather Pitches - 10/. on cost
Grounds
Works		 - 10/o on cost
Minibuses
8:Motorised		 Equipment - 20/o on cost
IT Equipment - 25/o on cost

2. FEES RECEIVABLE FEES RECEIVABLE FEES RECEIVABLE FEES RECEIVABLE Unrestricted Unrestricted
funds funds
2022 2021
E E
Gross fees 4,941,321 4,404,956
Less: bursaries and discounts (255,160) (145,266)
Fees (net) 4,686,161 4,259,690
Extras and disbursements 91,410 34,741
4,777,571 4,294,431
Registration
fees		 9,000 6,136
4,786,571 4,300,567
3. ANALYSIS OF TOTAL RESOURCES EXPENDED
2022 Staff costs Other Depreciation Total
E E E E
Charitable
Activity:
School operating costs:
Teaching costs 2,411,085 284,895 2,695,980
Welfare 379,181 379,181
Premises 74,627 383,325 220,705 678,657
Support and governance costs 288,897 263,789 552,686
Finance costs 5,955 5,955
2,774,609 1,317,145 220,705 E4,312,459
2021 Staff costs Other Depreciation Total
E E E E
Charitable
Activity:
School operating costs:
Teaching costs 2,205,472 319,244 2,524,716
Welfare 295,879 295,879
Premises 69,052 335,594 238,714 643,360
Support and governance costs 286,048 137,064 423,112
Finance costs 4,924 4,924
2,560,572 1,092,705 238,714 3,891,991
3. ANALYSIS OF TOTAL RESOURCES EXPENDED RESOURCES EXPENDED RESOURCES EXPENDED RESOURCES EXPENDED RESOURCES EXPENDED (continued) (continued)
2022 2021
E E
Expenditure
includes
Auditors
remuneration		 - Audit (including VAT) 14,005 14,520
- Other non-audit services 1,140
Operating
lease rentals		 - Plant and machinery 3,980 14,842
- Other Assets 74,585 83,000
4. STAFF COSTS 2022 2021
E E
Salaries and wages 2,324,050 2,132,933
Social security costs 231,200 212,243
Pension costs 219,359 215,396
2,774,609 2,560,572
2022 2021
E E
Aggregate
employee		 benefits of key management personnel 306,668 302,082
The number
of employees		 whose emoluments exceeded E60,000were
No No
E60,000 - E70)000
E110,001 - E120,000
Teaching 49 48
Premises 3 3
Support 7 7
59 58
ID
0I-		 OOLA
I/1
O O
IA		 OOLA
I/1
O O
IA		 OOLA
I/1
O O
IA		 00
IA
O		 Ch
I/1		 LAO
D
rV		 O
CO		 lfl CI
AI
00 lAw
e IA
lll		 M
f«		 CO O
CI
E0. C4 00 CI CI
CI		 CI
CV CV
CF
UJ
N
I/I
C		 g
N
8
0		 C8
E.0-
0		 W I L/1
IA		 O C)
M		 CI
rV
00
UJ
8 I LA L/l CO CI
CI
LA		 O
og
l3		 O CI M
w
L
Cl (4
f«		 Lfl
Lfl
Id f« C)
Lfl
0
I/I		 'U
0
III		 C
E
III		 Lfl 00
O		 O GO
CI		 CI
ID
III		 0 GO O O 00 GO
00
LA
e
v
CL
U		 +
N
e
X		 III
E0.
50		 w D
00
c4		 lfl
O		 GO
LA
M
00		 00
Ch
O		 OO
D
CO		 00
00
M		 CI M
LA
CO
LA
UJ
Cl DII
C0		 0C
ID0C
Ig		 00 CI
CO		 LA D O
lfl		 IA
(V		 CV
I- IA w w
C
0
O		 N
2
(3
N
M
~&a
~ O
UJ
-J u a
ouz
O«(UJ
UJ
&zy
N~o~
2I-UJ
N
Z
UJ I-
&- I- a
«c 0 o
l3 Z P		 I-
UJ
CI
UJX
U
LIJ
IXI
I-		 CI
I
CI
J3
E
LLI
CL
OI		 NC
P
«(		 IO
00.
I/I
CI		 O
8
DII		 AI
QJ
C0 e
LJ+ I/I
L0.~
8
CI «I;		 IO
8
QI
DII
Ia
U		 O
DII
M		 III
ID
00
IQ
eK		 O
CV
DII		 AIO
tV
5
Dll
M

6. CREDITORS: Due within
one		 year 2022 2021
E E
Deferred income
- fees in advance		 662,940 657,947
Taxation and social security 67,635 54,348
Deposits refundable
and other creditors		 333,895 256,860
Trade creditors
and accruals		 201,187 130,054
Pension 30,238 3,306
E1,295,895 E1,102,515
All brought
forward
deferred		 income was released during the year.
7. CREDITORS: due after more than one year 2022 2021
E E
Bank loan (note 8) 665,000 69,299
665,000 E69,299
Brought forward
Additions in year
Amounts utilised in the year
Carried forward
8. BANK LOAN BANK LOAN 2022 2021
E E
Amounts falling due
- between one and two years 70,000 69,299
- between two and five years 105,000
- after more than five years 455,000
665,000 69,299
Within one year —bank loan 92,382 131,087
757,382 200,386

10. FUNDS Unrestricted Restricted Total
Funds Funds Funds
E E E
Balance at 1 September 2021 6,624,944 6,624,944
Net income 586,054 586,054
Balance carried forward at 31 August 2022 7,210,998 7,210,998
PRIOR YEAR COMPARATIVE OF FUNDS Unrestricted Restricted Total
Funds Funds Funds
E E E
Balance at 1 September 2020 6,127,282 6,127,282
Net income 497,622 497,622
Balance carried forward at 31 August 2021 6,624,944 6,624,944

Land and buildings Land and buildings 2022 2021 2022 2021
E E E E
Main School Adrien House
Expiry date
- Within one year 70,000 69,167 8,667
- Within two to five years 210,000 24,999
280,000 94,166 8,667
2022 2021
E E
Operating leases
Expiry date
- Within one year 3,980 14,842
- Within two to five years 3,980
3,980 19,106

14. NET DEBT RECONCILIATION NET DEBT RECONCILIATION At 1 Cashflows Other non- At 31
Sept'21 cash Aug'22
changes
E
Cash at bank and in hand 3,624,131 (93,036) 3,531,095
Secured bank loan falling due within 1 (131,087) 108,004 (69,299) (92,382)
year
Secured bank loan falling in more than 1 (69,299) (665,000) 69,299 (665,000)
year
NET DEBT RECONCILIATION 2021 At 1 Cashflows Other non- At 31
Sept'20 cash Aug'21
changes
E
Cash at bank and in hand 2,899,146 724,987 3,624,133
Secured bank loan falling due within 1 (131,098) 131,098 (131,087) (131,087)
year
Secured bank loan falling in more than 1 (200,386) 131,087 (69,299)
year

Unrestricted Total
Total Funds
INCOME FROM: 2021 2021
Notes E E
Charitable
Activities:
Fees receivable 4,300,567 4,300,567
Grants and donations 44,240 44,240
Investments 3,336 3,336
Other 41,510 41,510
Total 4,389,653 4,389,653
EXPENDITURE ON:
Charitable
Activity
School Operating Costs:
Teaching costs 2,524,716 2, 524,716
Welfare 295,879 295,879
Premises 643,360 643,360
Support costs of schooling 423,112 423,112
Finance costs 4,924 4,924
Total 3,891,991 3,891,991
Net Income 497,662 497,662
Transfers
between		 funds
Net movement
in		 funds 497,662 497,662
Balance brought forward 6,127,282 6,127,282
Balance carried forward 6,624,944 6,624,944