##
|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||
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##
|||||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|
##
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|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|
##
##
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##
|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|
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##
##
|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|