2023-08-31-accounts - Rydes Hill School Guildford

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		Page
Report ofthe Trustees	1	to	7
Report ofthe Independent Auditors	8	to	11
Statement of Financial Activities		12
Balance Sheet	13	to	14
Cash Flow Statement		15
Notes tothe Cash Flow Statement		16
Notes to the Financial Statements	17	to	24
Detailed Statement ofFinancial Activities	25	to	26

						31.8.23	31,8.22
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	f	f	E	E
INCOME AND ENDOWMENTS		FROM
Donations	and legacies			20,759		20,759	11,384
Charitable	activities
Education				1,655,006		1,655,006	1,594,166
Investment	income		3	24,590		24,590	6,745
Other income				18,351		18,351	12,312
Total				1,718,706		1,718,706	1,624,607
EXPENDITURE ON
Charitable	activities
Education				1,981,080		1,981,080	1,767,819
NET INCOME/(EXPENDITURE)				(262,374)		(262,374)	(143,212)
RECONCILIATION OF FUNDS
Total funds	brought forward			1,421,032		1,421,032	1,564,244
TOTAL FUNDS CARRIED FORWARD				1,158,658		1,158,658	1,421,032

				31.8.23	31.8.22
		Unrestricted	Restricted	Total	Tota I
		funds	funds	funds	funds
	Notes	E	E	E	f
FIXEDASSETS
Tangible assets		1,045,505		1,045,505	1,103,300
CURRENT ASSETS
Debtors	12	33,984		33,984	26,772
Cash at bank		535,706		535,706	770,066
		569,690		569,690	796,838
CREDITORS
Amounts falling due within one year	13	(293,354)		(293,354)	(292,664)
NET CURRENT ASSETS		276,336		276,336	504,174
TOTAL ASSETS LESSCURRENT LIABILITIES		1,321,841		1,321,841	1,607,474
CREDITORS
Amounts falling due after more than one year	14	(163,183)		(163,183)	(186,442)
NET ASSETS		1,158,658		1,158,658	1,421,032
FUNDS	16
Unrestricted funds				1,158,658	1,421,032
TOTALFUNDS				1,158,658	1,421,032

					Cash Flow Statement
				for the	Year Ended 31Au ust	2023
						31.8.23	31.8.22
				Notes		E	E
Cash flows from	operating	activities
Cash generated	from operations					(181,552)	(36,319)
Interest paid						(11,160)	(5,656)
Net cash used in	operating	activities				(192,712)	(41,975 )
Cash flows from	investing	activities
Purchase oftangible fixed		assets				(30,909)	(73,578)
Interest received						10,765	2,882
Net cash used in	investing	activities				(20,144)	(70,696)
Cash flows from	frnancing	activities
New loans in year							100,000
Loan repayments	in year					(21,504)	(20,338)
Net cash (used in)/provided		by financing		activities		(21,504)	79,662
Change in cash and cash equivalents			in the
reporting period						(234,360)	(33,009)
Cash and cash equivalents		at the beginning
ofthe reporting	period					770,066	803,075
Cash and cash equivalents		atthe end	ofthe
reporting period						535,706	770,066

RECONCILIATION	OF NET EXPENDITURE TO NET CASH FLOW FROM	OF NET EXPENDITURE TO NET CASH FLOW FROM	OF NET EXPENDITURE TO NET CASH FLOW FROM	OPERATING	ACTIVITIES
					31.8.23	31.8.22
					6	E
Net expenditure	for	the reporting	period (asper the Statement of
Financial Activities)					(262,374)	(143,212)
Adjustments for:
Depreciation charges					88,704	88,711
Interest received					(10,765)	(2,882)
Interest paid					11,160	5,656
Increase in debtors					(7,212)	(14,549)
(Decrease)/increase		in creditors			(1,065)	29,957
Net cash used in	operations				(181,552)	(36,319)
ANALYSIS OF CHANGES IN NET FUNDS
				At 1.9.22	Cash flow	At 31.8.23
				E	E	f
Net cash
Cash at bank				770,066	(234,360)	535,706
				770,066	(234,360)	535,706
Debt
Debts falling due within 1year				(22,181)	262	(21,919)
Debts falling due after 1year				(107,481)	21,242	(86,239)
				(129,662 )	21,504	(108,158)
Total				640,404	(212,856)	427,548

	forthe Year Ended 31Au ust 20	forthe Year Ended 31Au ust 20	forthe Year Ended 31Au ust 20	23
2.	DONATIONS AND LEGACIES
				31.8.23	31.8.22
				f	f
	Donations			15,276	7,391
	Grants			5,483	3,993
				20,759	11,384
	Grants received, included		in the above, are as follows:
				31.8.23	31.8.22
					f
	Business interruption	Loan Scheme			208
	Other grant income			5,483	3,785
				5,483	3,993
3.	INVESTMENT INCOME
				31.8.23	31.8.22
				f	f
	Rents received			13,825	3,863
	Interest received			10,765	2,882
				24,590	6,745
	INCOME FROM CHARITABLE ACTIVITIES
				31.8.23	31.8.22
			Activity	f	f
	School		Education	1,162,750	1,190,922
	Nursery		Education	487,496	339,321
	Extras / Extra lessons		Education	21,416	25,222
	Meals		Education	93,794	114,510
	Bursaries and discounts		Education	(110,450)	(75,809)
				1,655,006	1,594,166

					Support
				Direct	costs (see
				Costs E	note 6) f	Totals
Education				],972,920	8,160	1,981,080
SUPPORT	COSTS
						Governance
						costs
						6
Education						8,160
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			isstated after charging/(crediting):
					31.8.23	31.8.22
					6	6
Auditors'	remuneration				6,160	5,760
Auditors'	remuneration		for non audit work		2,000	1,200
Depreciation		-owned assets			88,704	88,711

6.	Education SUPPORT COSTS

				for th	e Year Ended 31Au	ust	2023
9.	STAFF COSTS
									31.8.23	31.8.22
									E	6
	Wages and salaries								1,131,976	1,021,310
	Social security costs								79,674	74,683
	Other pension costs								129,456	107,480
									1,341,106	1,203,473
	The average monthly	number		ofemployees	during the year was	as	follows:
									31.8.23	31.8.22
	Teaching								39	28
	Administration								9	8
	Domestic								6	7
									54	43
	The number ofemployees		whose employee		benefits (excluding	employer		pension	costs) exceeded	660,000was:
									31.8.23	31.8.22
	680,001 - 690,000								1	1
10.	COMPARATIVES FOR THE		STATEMENT OF		FINANCIAL ACTIVITIES
							Unrestricted		Restricted	Total
								funds	funds	funds
								6	f	6
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies							11,384		11,384
	Chadtable activities
	Education						1,594,166			1,594,166
	Investment income							6,745		6,745
	Other income							12,312		12,312
	Total						1,624,607			1,624,607
	EXPENDITURE ON
	Charitable activities
	Education						1,767,819			1,767,819
	NET INCOME/(EXPENDITURE)							(143,212)		(143,212)
	RECONCILIATION OF FUNDS
	Total funds brought	forward					1,564,244			1,564,244
					Page 20					continued. ..

		Notes tothe Financial Statements -continued for the Year Ended 31Au ust 2023	Notes tothe Financial Statements -continued for the Year Ended 31Au ust 2023	Notes tothe Financial Statements -continued for the Year Ended 31Au ust 2023
10.	COMPARATIVES FOR	THE STATEMENT OF FINANCIAL ACTIVITIES -continued
				Unrestricted	Restricted	Total
				funds	funds	funds
				f	f	f
	TOTAL FUNDS CARRIED FORWARD			1,421,032		1,421,032
11.	TANGIBLE FIXEDASSETS'
		Freehold
		building	Freehold	Equipment	Motor
		&improvements f	land f	&Website f	vehicles f	Totals f
	COST
	At 1September 2022	1,158,619	300,000	313,765	52,482	1,824,866
	Additions			30,909		30,909
	At 31August 2023	1,158,619	300,000	344,674	52,482	1,855,775
	DEPRECIATION
	At 1September 2022	442,242		226,842	52,482	721,566
	Charge foryear	47,200		41,504		88,704
	At 31August 2023	489,442		268,346	52,482	810,270
	NET BOOK VALUE
	At 31August 2023	669,177	300,000	76,328		1,045,505
	At 31August 2022	716,377	300,000	86,923		1,103,300
12.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
					31.8.23	31.8.22
					f	f
	Fees receivable				22,129	8,196
	Prepayments				11,630	9,856
	Other debtors				225
	Accrued income					8,720
					33,984	26,772

			Notes tothe Financial Statements -continued for the Year Ended 31Au ust 2023	Notes tothe Financial Statements -continued for the Year Ended 31Au ust 2023
13.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
					31.8.23	31,8.22
					f	E
	Bank loans	(see note 15)			21,919	22,181
	Social security and other		taxes		18,905	20,249
	Other creditors				88,268	124,351
	Accruals and deferred income				164,262	125,883
					293,354	292,664
14.	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
					31.8.23	31.8.22
					f	E
	Bank loans	(see note 15)			86,239	107,481
	Deposits				76,944	78,961
					163,183	186,442
15.	LOANS
	An analysis	ofthe maturity		of loans is given below:
					31.8.23	31.8.22
					E	E
	Amounts falling due within one year on demand:
	Bankloans				21,919	22,181
	Amounts falling between			one and two years:
	Bank loans	- 1-2years			21,919	23,006
	Amounts falling due between two and five years:
	Bank loans	- 2-5years			64,320	66,215
	Amounts falling due in more than five years:
	Repayable	by instalments:
	Bank loans	more 5years				18,260

						Net
						movement	At
					At 1.9.22	in funds	31.8.23
					E	f	E
Unrestricted	funds
General fund					1,421,032	(262,374)	1,158,658
TOTAL FUNDS					1,421,032	(262,374)	1,158,658
Net movement		in funds, included		in the above	are as follows:
					I'ncoming	Resources	Movement
					resources	expended	in funds
					E	E	E
Unrestricted	funds
General fund					1,718,706	(1,981,080)	(262,374)
TOTAL FUNDS					1,718,706	(1,981,080)	(262,374)
Comparatives		for movement	in	funds
						Net
						movement	At
					At 1.9.21	in funds	31.8.22
					E	f	E
Unrestricted	funds
General fund					1,564,244	(143,212)	1,421,032
TOTALFUNDS					",564,244	(143,212)	1,421,032
Comparative	net movement		in funds, included		in the above are as follows:
					incoming	Resources	Movement
					resources	expended	in funds
					f	E	f
Unrestricted	funds
General fund					1,624,607	(1,767,819 )	(143,212)
TOTALFUNDS					1,624,607	(1,767,819)	(143,212)

			Net
			movement	At
		At 1.9.21	in funds	31.8.23
		f	f	f
Unrestricted	funds
General fund		1,564,244	(405,586)	1,158,658
TOTAL FUNDS		1,564,244	(405,586)	1,158,658

			Incoming	Resources	Movement
			resources f	expended f	in funds f
	Unrestricted	funds
	General fund		3,343,313	(3,748,899 )	(405,586)
	TOTAL FUNDS		3,343,313	(3,748,899 )	(405,586)
17.	RELATED PARTY DISCLOSURES

	Detailed Statement of Financial Activities	Detailed Statement of Financial Activities
	for the Year Ended 31Au	ust 2023
			31.8.23	31.8.22
			f	f
INCOME AND ENDOWMENTS
Donations and legacies
Donations			15,276	7,391
Grants			5,483	3,993
			20,759	11,384
Investment income
Rents received			13,825	3,863
Interest received			10,765	2,882
			24,590	6,745
Charitable activities
School			1,162,750	1,190,922
Nursery			487,496	339,321
Extras / Extra lessons			21,416	25,222
Meals			93,794	114,510
Bursaries and discounts			(110,450)	(75,809)
			1,655,006	1,594,166
Other income
Sundry income			18,351	12,312
Total incoming resources			1,718,706	1,624,607
EXPENDITURE
Charitable activities
Wages			1,131,976	1,021,310
Social security			79,674	74,683
Pensions			129,456	107,480
Rates			27,462	29,609
Insurance			21,722	21,946
Fuel and light			58,052	27,584
Maintenance			55,316	33,451
Garden maintenance			8,964	1722
Provision offood			169,538	156,004
Motor costs			1,420	1,856
Curricula and library			26,105	19,040
Carried forward			1,709,685	1,494,685

			Detailed Statement of Financial Activities
			for the Year Ended 31Au ust 2023
				31.8.23	31.8.22
				f	f
Charitable activities
Broughtforward				1,709,685	1,494,685
Training				10,143	5,512
Advertising				40,376	30,598
Recruitment Contractors and consultancy				500 2,734	1,737 40,181
Legal, professional	and subscription			19,139	21,123
Travelling				375	218
Print, post and stationery				9,589	7,210
Telephone				9,575	4,919
Computer consumables		and licences		56,284	50,253
Sundry				14,592	9,965
After School Club				64	91
Freehold building	and improvements		depreciation	47,200	45,722
Equipment and website		depreciation		41,504	42,989
Bank charges				1,942	1,129
Bank loan interest				9,218	4,527
				1,972,920	1,760,859
Support costs
Governance costs
Auditors' remuneration				6,160	5,760
Auditors' remuneration		for non audit work		2,000	1,200
				8,160	6,960
Total resources expended				1,981,080	1,767,819
Net expenditure				(262,374)	(143,212)