**CHARITY COMMISSION COPY Reg No: 306214** ## REPORT OF THE GOVERNORS, STRATEGIC REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 FOR ## CLAYESMORE SCHOOL CLAYESMORESCHOOL INDEXYO THE FWIANCIAL5TATEMENrs forthe year ended YIAuBIKst 2022 Comp•nylnfomi8¢ion RepDrtof th*Gowrnors fvicluthnKStrale81¢ R•port) Reportolthe IndependentAudltors 12 atsmenl of Hnandal ActhAths tance SFk*•t 17 tes to the Hnancla15tstÈmènts ie QAYE5MORE S(IIOOL COMPANY INFORM4TION GOVERNOR5 Mrj l Andrew5 LLB, Chalman Mr5 RA Psttven MA, Wice Chalr Mrs F Deernln8 BA PGCE Mr D C Haywood MAICantabl PGCE Mrsj Howard BA MIT Inyèm MBA FCIB Mr D Kity BA. PGCE Iapp￿ntÈd 2 November 2022} Mr Rshaw &4 CAp Urb l)es MRTPI Maj Gen J D Stokoe C8 CBE FIEf Ireslgneé 4 ottobpr 21)221 Mrm Sussman BSC MBACEng MIET Mr5 F Waller BEd Mr5 S Wi150n BA MA Ed PG Mrsj Brown MSC lappdnted 2 September 20221 Mernberof Flnanceand Generaj Purposes Commlttee Member of SenSorSthool Educatlon Commltte* Member of Prepsthool Eduotion Q>mm&ttee MernbEr of De¥èknwentC•mmltteÈ KEY MANAGEMENTPERSONNEL HEAD Mr5J SThom50n BA MBA QT5 IEADOF PREP Mrj EAnd•son BAQTS SECRETARY & CLERKTO COUNCIII DIRECTOROF FINANCE & OPER4TIOM5 Mr5 N B4lley Ph1￿ FCA REGISTEREDOFFICE aayesmore School Iweme Mlnster andford Forum DT118LL REGISTERED NiIMBER ¢X1359779 QIARITY REG15fRATION NUMBER 306214 AUDrroRS Faw￿tt$ LLP Chartered Accountants and StatsJtoryAudltor5 ndover House 5tAnn street Salisbury SPI 2D BANKERS Uoyds Bank pl 6 Market Place Blandftyd Forum DTII 7EE The ab¢¥e inform8tlon rdate5 ta the date ol approval of these fInanti￿ stateM￿ts CLAYESMORE SCHOOL REPORTOFTHE fjOVERNORS forthe ytar Ènded 31 August2012 Clayesmore Sthool governors present their annual report, which includes thelrstrategic report, for the year end￿ 31 August 2022 underthe Charitles Act 2011. togetherwith thè audited financial 5tstement5 fortheyear, and confirm that the latter(ornplywith the ￿QUIr￿nents ofthe Aet, the Trust Deed and thèCharlile5 SORP. REFERENCEAND ADMINSTPAMVE INFORMATION aayesmore School is reg￿tered with the Charity Commlssloners for En8laTrd and Wales Ire8lstratlon number 3062141. Itlslncorporated and registered In England and Wale5 underthe CompanlEsALt a5 a cornpany Ilmlted byguarantee and not ha¥irTr8a share capital Icompany number3597791, its current MÈmixandum and Articles of Assouadort being dated 12June 2010. sfRUCWRi GOVERNANCEAND PAANAGEMENT GovernlngCrAndl 7he strurture olthe Charltycon5ists of a 6overnlnECounal,the keydetalls ofwhich. Indudingcommitt8e membership4 ara explained on Page 3. Other cornrnlttees and sub-commlttees exist Dr are formed 35 necessary ta deal with Health and Safèty. RemuneratioN Safe8uardin8 etG The g0￿m)r$ a￿ tru5tee5 of the Charlty and direttors forthe purpos2$ of CDmpany law, ané are legally responsible for the overall Manag￿nent and of Clayesmre Sthool. 8Dvernors glve f￿￿Y of theirtlme and do not re¢elve remuneration fortheir rgles. Recruitrn•nt and Tralnln8 of ¢>)verTroTs New governo￿ are appointed to the Councn on the recommendatlon of the exlstln8 8ovemors andlor thè Executive Management Team If￿) and fellowing a recrultment procES& As and when vacancle5 W the Counol become availabl< the main Lyiterion lyb the search for sultable tandidates Is the need to rnaintaln the best P0551ble balance of relevant skills, expertise and experience on the S¢htsol's Govemin8 Counlll. New g¢)vernors are Invlted tc spend a day In School, Meeti￿ stsff and pupils to explurE CUTfEnt i55ues. Ongolng tralnin8 for governors includes briofin8s and éi5CU55ionson topical subSectsandtakesplacear Council rneetlngs oronsemlnardays DrgaTr15edfor8ovemors. External tr?InlnE cours￿. for example thrguBh the A550a3tlon of Governin8 Bodles of Independ9nt Schools IAGBISI. the Independent Assoclatlon of Prep Schools IIAPSI or other parties, IncludSng oThllne trainln& are made avzliable to 8¢WeT￿r$ under the d¢rethon of the Chaiman and the Clerk to the Governln8 CoundllDlrector of F5nance and Operations. Organts•tS0rt31 Management The 8overnor5 meetat leastthreetlmes a yearas 8 full Councll: additionol meetir¥ may be called if necessary. Council provlde5 overall direcdon, with more detalleé review and monltoring then carried out by the FinancE and General Purpose5 IF&GPI Committee, which also tneets at least three tlmes a yeai. The Chalman of the Govemin8 Councll 15 Iso ￿rrentlY Chairinan DI the F&GP Commlttee. The other key commlttees are the Senior School Education Cornmittee, the Prep School Education Comrnittee and the Health and Safety Commlttee. The two Education Cornmltt￿ deal with academlc, p35toral ané ttathing staff Issue5 in Senlor and Prep Sthools, respecrfvely. znd meet termly, while the Health ar￿ SafetyComm¥iiep dels wth health and safety acr055 the whole School, ané also meets termty. The day te day runnlng of the School is delegated to the Head, 5UPPOrted by the Senlor Deputy and the DI￿￿Or of Fin3nce and Opera￿Ons. togètherforrninE the EMT. The Head and Dlre¢torof Rnance and OpernSons attené all of the key 8overnors' meeting5 and the Director of Flnance and Operatlon5 is a150 Oerk to the Govemln8 Coundl. The Head of Prep Ind Oeputy Head5 of each 5th00115enior and Prep) also attend some cornmiitees, in particular the respecifve Educ8tlon Comrnlttees. Additlonal commlttees. sub c¢mmittees and worklng groups are establlshed for 5pectfic purposes as required, including the Safeguardin8 Monltodng fjroup, the Clayesrnore Sodety Committeq ané variix15 Fri¢nd5 and ParefttsAssoclations,ènd include 8overnorsandstsff a5 member5. ès appropriate. Staff membersatterlding unul or Comrnittees*Jo not do so a5 governws are not permltted tovote. R15k Mana8oment The Gov2rnln8 Councll is responsible for the rnanagement of risk5 faced bythe School. The rfsk reglster ts completed bythe Director of Finatttt 3nd OperatiDns, along with other membets ¢f the School's management, ané reviewed on regularbasis by the F&GP Committee and Council. Rlsks are Identlfied, a55essed, and Emf esiablishes regular rtsk CLAYESMORE SCIIOOL REPORT OFTHE GoI￿RNORs for the year erthd 31Auiu5t2022 control thrDU8hout the year. Risk5 are assessed wlthln flve maln categorie5- Str*egtc. operational Ispllt between atademi¢ and support), 8overnance, fin￿081 ané corryliance. SafeKuardin8 and repytstloA a￿ also cwsidered as separate tategorfjes. even thoughthey are often drfven bythe main five cat4ories. The key ¢ontroLs used bytht Charity Indude • vettlng procedures as rÈqulred by lawforthe prctectlon ofthevulnerable, and a ujmprehensive Safeguardir6 Policyi Including regular tralnln8 upd3te5fDr all staff and governors formal Terms Qf Referenie, a8endas, minutes and reports lor all Cornmlttpe arld CouThcll acdvlty to focus discusslon at the strateElt level detsiled terms ol reference for311 Commtttees, ensuwin8dear role5 and re5ponsibllties comprehensive 5trats8lc plaMin81 bud8etln8 and rnanagement accountin& wtEh key performan¢e indicators enabling ThonitDrln8 and wtew of finan031 performance establishÈd organisatlonal 5tructure5 and Ilnes of reportin& with re8vl¥reviews and appralsals formal written policles and prc(edures. whlch are reBularly reviewed, toBether wlth reBular staff tralnln8 authorisation and approval processes, including 5e8re8ation of dutie5 where approprlate deta51ed ¢he¢ks of es5entlal compllant? igSU•5 reported at F&GP ondlor Education Commlttees. Through the r15k rTtanagement processes *tablished for the School, the 8overnors are sa￿S￿ed that the malor rtsks Identlfied are monltored and havebeen adequatety n￿t[gated where necessary and bre addressed through the School's StrategicDevelopment Plan& It Is Fe(08fbbsed thatsystems can ijnlyprovtde reasonable but notabsoluteassurance that major ri%ks have been aéequately managed. Pay Pollry foTSenktr5tsff All governors ￿￿e of their dme frèely. Expenses ￿Te pald in the year onty as detailed in thefinan¢ial Statements. No governors recefved bur$8ry beneflt. The governcwsconsidèrthe Council of the 5chwl and the EMTto tomprise the key management personnel of theschwl in char8e of and dlre¢tln8 and controllin8 the running of the tharityon a day-to- day tasts. The pay of seniorstsff (Efvm Is reviewed resularfy by Councll and benchmarked a5 rerwlred. OBJÉcfs. AIMS, OBJECTIVES Objects and Akns The Charitls Oble¢ts. as Set out Artlcles of A550ciation, are the advancement of educatlon,Includin6 the prgvi5ion of a tO*educatlonal sthool. This i% achleved through the provisloA of a day ané boarding 5th001 in IweTM Minster for thildren from the age of 51x to elghteen. The School's prindpal aim Is to support and thallenge every pupil to futfii thelr potentlal and contribute to the wodd v4ith confidence, arA)Itlon and compasslon. As such, aayesmore Is: a schoc4 committed to the principles uf educatingthe tsshole pÉrsort' broadly academltally induslv¢ whilst remaining challenw8 and ambltltyjs èll-throu8h, ￿rrÉnttyfrQM 8Ee &18 a school in vjhith chiklren from all nationalitle5 have opportunltles to dE¥elop acrossa raNqe of dlmenslons Indudlr the physiol. spiritual, moral, aesthetic and sodal a klnd school rooted in O)ristiaTr traditKJns strons o)mmunltywhlch entourages Illelon8 nthjorks. Oblertlves aayÈsrnore School is commlited to becomln8 a Sustainable centre for educational excellence. We want to be wldely re¢o8nised a5 an innovatlve school whl(h attively promotes the PEf50nal de¥eloprnent of puplls in an IndusNe and stimulating environrnent. Clayesmore puplls wlll have a strong sense of ethlcal, moral. envlronmental and social responsibllfjty and wlll go on to become p20ple who will make a posltlve impact on the Ilves of Oth￿5. CLAYESMORE SCHOOL REPORTOF THE GOVERNORS fortheyew ended 31￿￿$* 2022 ThE School therefore has a double mission.. to provide an exrdlenttraditianal educatlon as well as to pursue a deeper transforrnational agenda thrDugh the cultivatlon of pBr50nal development. The reallsadan of ths challenge requlres distlnct and shared methcrflology based on stron& respectful relatlonshlps arnon8 all mernbEr5 of the cornmunlty. In settin8ob1éc￿veS and plannbngtheschool's artlvlties the Governors and EMThave Biven cèrefvl conslderation to the Charity Commlsslon's general guld3nce on publlc beneflt Development plannlng continu& at all levels, indudln8 financlal and busIn￿S plarts. as well 4$ a¢adEmi4 pastoral and pupil developmenL to ensure the School's educational offering 15 fftfor purpose in a rnodem world.15 finanoally sustau)able for the long term and ￿presents good for rnoneyfor parents. Strategles to achlèveourobJertl¥es To contlnue to prDvlde excellerst educatlDn and pastornl tarÈ in the bro3de5t sense, wlth clear Academlc. Pastoral lspetlff￿l[Y in¢ludln8 boarding) and Pupil Development Plans. To continue w cater for puplL% withln a wide ability ranse. motlvatln8 and stretthlng the more able and offering learning support to youn8 people wherè needed. To maxirn05e the all-throu8h Aature of the khool wlth strong lIn￿ between Prep and Senk)r 5thooLs and a shared To continue to enable thè cuthculum to evolve to mèet the educational. spirltual. moral, technologital and cultu Treeds of the pupils, to help them to prepare more effertIVe￿ for the world of work, and to achieve petsonal and econom¢¢well-bein8. To ensure strong and resilient leadership and management, wlth 8 foEus on professional sknlls deVelopm￿t and successlon plannin& To kn5ure effiqent use of ourfadll￿e$. resources and stsffin& Inves￿reOrMakin8 swln85wherenecessBry to ensure we (reate the best poss5ble ewronmentand f3cilltle5 forteachin& leamin8 artd working. To ensure acce55 tLI Pupi￿ from all ba¢kgrLyJnd5 and means. by rÈvlewin8 the fee structure and by the provl%on of rneans tested bursary ￿aceS acmss the Stheol, wlth Ilnks to other edu￿lOnal Trusts to prowlde ¥dthtlonal funding whère needed. To develop ané maintain ? hardship fund to help pupils moetthe c05tofschool trlps. examination entrance fees and sirnilareKpen5e5 not covered bya bur5ary3ward, where needed. To contlnue and further develop our link5 With the ￿der COFnrnunity, includln8 local sth00ls, lo￿1 re5iéents. dutss, tharftles znd local ¢r8antsaUon> POLICIES Adm15$1on aayesmre Schod welcome5 wplls from all background& Entrdnce interviews and assessments ire undetsken to sat15fy parents and the School thit potenllal puplls wlll beftelit from the eduotlon and enmronment provided. An individual's economic status, gender. w. sexual orlentation. eihnlclty. race. rel1g1r￿ or bellef, or disabilitydo notforrn part of oura55e5sment prowses for admbslvn. BursaryAward5 and FeeAssithnce The educatyon offered byaaye5more Is not restricted On￿ io those who afford the full fees. The Scho¢Vs Bursary and Scholarship Awards policies ¥e d￿l￿ned to as%st access for suitablè thildren to enable them to benefit from a aaye5more edy¢¥tion. The S(hool makes stholarshlp awards based on ac8demi¢ arti5t¢G musical and 5POrtln8 tslent and,where additional financlal a￿TstanCe Is requlred. theschod con51dersappli¢ètlon5from parentsfor a meanste5ted bursary. 5u¢h bursaries are also available to pupi15 who are not In receipt of a scholarshlp. and may also be awardedt stIAE pupilsto rellewe hardship where a pupil's educatiut would otherwlse be at rlsk. The School does noth¥ve endowment funts and has limited donations for bursary ané stholarship awards. In fundln8 the majority of awards from Income, the Sthool has to be mlndful to ensure a balance between fee-pawng parents. many of whom make considerable personal saulficES to fund thelr thlld's educatlDn, and those benefitin8 from the awards. However. the School works with otherTrusts to provlde addltSDnal funding for pupli s If needed, particularfy In exam years. In arder to dlrect the Schoofs Ilmifed funds where most neeéed* parenrs whose children are in recÈipt of a bursary are requested to notify the DI￿ttOr of Finance and Operations of anyswificant than8e In thelrfinandal CLAYESMORESCHOOL REPORT OFThe GOVERNOR5 for th•year ended 11A¥￿ 2022 drtUMStan￿, and the School re5erve5 the ￿ghtt0 revlew 011 bursary awdTd5 on an annual basls. Furtherdetatls abtsut fee assistance are available on the Sthool's website. Discounts are also currentty offered to sibllngs Iwh115t two or more are at the sch￿1 conoJffent￿1, staff and mllltary personnel. Equal Opportunk&s ClayesTnore School 15 an equal opponunlty Or￿dntsa￿O￿ and Ls committed to a worklng and Èducaiional ￿vIrOnMent that15 free from anyf¢mi of dscriminatioh. Thé Sthocl will make reasonable &dlusbnentsto meetthe needs of puplls. staff orothervi51tors who are or bEcome disabled. S3feguardinBand Prom￿1￿8 Welfare The SEhDoI is committed to safegu3rding and promotingthe welfare of Its pup115 aDd insi%tsthat all staff and volunteers Sha￿ commltment. Appropriate policies. procedures. worWn8 pracknces and tralnln8 are in place to underplD thi5 commltment.TheSchgol alsp prpvides parEntswlth regularlnformation abDUttheir chilrfs 5Utial, academlc and p¥toral progress throu8h parent evènings, re8ular reports. inforrnal contacts and new51etters. ENERGY AND EMISSIONS REPORT In linewlth Streamllned EnerBY and CarborL Emlsslots Repef￿h@ ISECRI,the school's UKtntrgyuse Is reported a5 below. Yèarto 311812022 Yearto 311812021 Irpststed) 1.374.618 302 52 UK enerKy use Ikwhl Assoclated greenhousegas emissi0Th5 Itonnes C02 equivalent Intenslty ratio lem1s￿On5 in tC02e Der OUDIII 1.353,904 0.52 UK energy use eoverssthotsl electric￿ plus transF*)rt, besng schoDI minibuses. var6 and cars. Assooated Greenhouse fja5es have been ¢al¢ulated uslng the GHG Reporting Protocol- Corporate Standard. and uses the appropriats 2022 Government emlsslon converslon factor5 for8reenhouse8as- cDrnpany reportin& The￿ has been a sllght redurtl¢n in ener8y use IM the yearendln8 31.8.22 than the ￿orYear Iprioryear restated). The school continues to replace Ilghtlng wlth LED li8hts on an ad ho¢ basls as repla¢ement ￿ ￿furbI$hfflemt cpportw5tles ottur. and CDntinue5 to ￿plore optlons with a coynpany for a full replacernent proBrarllme. Internal measures have been taken, working With our studer)ts. to ensure that every li8ht switth ha5 3"switth off and sa¥e' sUd¢er on it and Whe￿ appropriate 5Wtlch lights are replaced wth sensor lights. There Is a contlnued drive for ener8y usage awareness acrosstht whDlÈ sthool. STRATEGK REPORT REVIEW OF ACHIEVEMENTS ANDACTIVITIES OFTHE YEAR SenitrrS¢hool The principal activity r￿81￿5 the eduTrtlon and pastoral care of our pupKI Claye5ryw)rE 15 a sthool with a wide ability ranse, which prides itself in supporting ond challen8lng every pupll to fvlfll thdr potential iné contrfbute to Ihe world wlth tonffidence, ambition and comp8SSICII. Theyear contlnued to sufter some dtsruptions due to the pandemlc and we adlusted to Ilvlng wlth Covid. Bythe end of the yEar all the pandernlc restrlctlons had Ilfted and in the Summer of 2022 our students sat thelr A level and GC5E exèmlnations aftertwo yearsof dlsrupted5tudy.All of OurstudentsatG￿E and Alevel achi8ved the 8rades they néeded to progress to the next st4e of their education. The molorfty OF ouryear 13 students leftto gc to thèir firstchdce of destination. CLAYESMORE SCHOOL REPORTOFThE GOVERNORS forthe yeare*ded 31 Auwst 2022 The opportunit*s avalable out￿tte the classroom contlnue to be broad and varied, wlth an enhan￿d co-curyicular provislon known as LEX. The introduction of LEX in September 2021 wa5 an important milostone In the hlstory of c5ayesm¢j￿ which fundarnentally reafflrme(t Dur loundees te47)mitment to a broad and bold vision ol educatlon. The programmewa5 des18ned to ensure that bythe timeourstudents leave usthey have acqulredthe skills, knowlÈd8e and passlons that will ertable thern to live rith and fulfilling livè> Th¢ key pillars of the LEX pro8ramme are The G￿t ¢)Jtdoor5, Arts. Creatiwty aThd Culture, 5erte and LeadeTshlp, Enterprlse 2nd Employabllrty and WÈllbein& In March 2022 we enjoyed our first wholeschool LExtrlp and pupils vwteé Bdstol, Hampton Court Palaceand Oxford. Ourstalf unite in the viewthat every studentha5 something positsveto ￿￿e3nd we arecommitted tD a Brawth rvindset that demonstrates bdlèf In èvery Indlvldual. Theojlture Is one of ewtsTh*nLloy and opOm15m and that ethos in turn brings astonishing results. WÈ know that our pastoral care Is exceptlonal and we are renowned for our pupilontered, nurturfn& family-stylé zpproach. The School is proud of its forward-looklr& thnovatlve turriculum, whlth allows all pupi￿ to achieve beyond theirexpe¢tatior6. 5rx)rt(ng frAtures r&tsMed this year foll¢)wlng the pandemic 8nd suffered minimal disruption5. We encwr4e all our studerrt5 to represent the sch¢ol and partlclpate In ¢ompetltl¥e ftstures. Crfi¢keL hockey. netbo11 and ruBby are thriving and teams progressed to 51gnificant levels in reglonal COTnpe￿tlOnS. Our CCF tontinued togrow in numbers 35 éld partlclpatlon In the Bronze & Sfver Duke of EdinburBh Award5. Prtp School Our prep school 15 a small, Thuthrln8s¢hool wlth awam) famllyfeei. The prep students enjoy a busy dzyvAth academlc ri8our complemented wlth creativlty. muslc, sport and forest sthool. Our Year 7 and 8 puplts followed the Common Entrance Syllabus Sn English, Maths •nd sclence and transitioned 5rn00th1y into aoye5tnufe Senlor Sthool. Irsthe sumrnerterm. we held ourSptÈth Dayand celèbrated the many musical, drama and5portln8￿levernents from the year. The xlwl rontinues to provlde signlficant spOr￿ng apportunltles whlch are enjoyed by zll, b*n8 a key part In prep sd)ool Ilfe thr¢ts8h flxtures and house competitions. 5wimmiTr8 rernains popular. %￿th puplls qu311fylre for the IAP5 5w¥mmine Championshlps. LEXwas introduced to the prep5chool In September2021and pupllsln Years 5t0 8 partiupate in adivltles on Saturd Younger pupils enloy LEX actlvltles throughout the week which have included suNlval sk611s, dance club, 3D printin81 Japanese and horse riding. The activities are desiBned to be memorable, rneanlngful ar￿ transformative. haritabIeAcl￿tle5 At claye9n0￿, weare con7mittedtomeet5n8 our responslbilltiestoeontrlbute to the PubllcBenefit In a varlety of ways tomeetour charitable objertlves. In addltlon to the prowlslon of flnandal fee asslstan¢e, aswell asconunulngto provlde w¥dercommuTrlty benefit, Clayesmore work5 With local schools in a VaTiety cf way5 {altho￿h some of these were stlll Interrupted during the pandamlcl, Including: Numerous events enabllng pupllsfrom loc81 stste schooL8to use ourspoftsfatllitles. Indudlng crfckeL cr￿5 country. athletics and ru8byeventsfpr local Prep and Stste 5chtyJls Prfimary sch(￿15 Choral and Slngin8 Day5 Opening our5wlmrnSng pool to publlE (hildren for l?arn to SvAm- sesslons Use of the school mlnlbuses by local scout wps and nurseries Some local thlldren come to Clayesmore to tèkè thelr mu51c exams In the muslc department. EAL candidat&s from otherlotsl Schools aLw sStthelrCambridge Assessment Engllsh ex•ns at the School A ntsmber of staff are governors at other schools Istate and independentl, wlth tlme off belng gfven to enable thts. CLAYESMORE SCHOOL REPORT OF ThE GOVÉRNORS forth?year ended 31 August 2022 ThÈ Heads of two local stste schoels lonesecondary and one Primary) 3reon a3yEsrnore's Council. and are members of both the Senior and Prep Schocl Education Commthes. respe¢tivety. Thi5 enablés 8reatw sharingof kn¢wled8e. ski115. expertlse and e¥perfeThce acr￿ sertors Puplls from local $￿te SthE￿I5 are invited to aay&more lectures Local Mlla8egroup uslng thefad1itlesf￿sumrneT rounders events Lool orienteering group5 Use of the arounds. 12 Students from the Ukralne belng hosted by local familieslolned our school on a fulfy funded basis Theschool also 211ows local charitles le.8. Dorset branth of CPREI, the p3ri5h cowctl and lo￿1 res1den￿ èssoclations to hold rneetiny and events at the School, outside of terrn time. The School a150 contlnuestosupport the local ￿lIage and parish tounEiI in a variety of ways includln8'. malntenance oFthevlll4e¢ricketfield Use of our thapel bythevilla8e durfng the repair of thelrchurth rinancial contribution to ihe 20mph speed Ilmltprolett toncertslchoral events In local parish churrh imiitstions to schocl events as drama prDduthons ènd concerts CCF-supportat Rernernbr3n￿ Day SeNites and parades In local vlllages aayesrrKsre Pipe Band ptsWngatvarious events around Somerset tnd Dorset Our puplL% volunteered as part of the LEX programie at ID¢al N•tSonal Tritst propertiP5. The also 5UPPOrts a numbv of lotal charitles Indudin8the Vale Pantryfix)d bank. As part of the LEX programme 3 Tanzani2 PartneTship was establlshed In 2021 to biidge cultural dIfferen￿ between two vEry dtFFerent schooL%. Stsff made their firstv151t to Ikondo Sthool, Tan2ania in the 5urnrner term. Puplls will be vtsiting in 2023. The partnership wlll develw vital fundra15iThB projects and our Studènts wll learn about lrfe and the thalleng￿ of educatS0Th In Tanzanla. Pupi15 have been leamln85wahili and meetlaB ￿rtUallYw1th students from Ikondo schoolto di5CU5s Ictal Tssues and plansfor the partnership. As part of the Ikondoschool curricijlurn, pupil$ have creat4d chicken farni to help ialse moneyfortheir5chool supplies and ptyteathing 5tsff. Th• thicken5 have beensupplled bv donatlon5 frgm Cl?yesmore familie5. The sthool's "green credentials- Include a bioma55 heating system and PV panels. In addltlon to provlding local employmentforovEr380 people lincludlng a number of apprenticeships foryoun8 people and supportfor NQteacher5 to rexh qualified teacher status). the Sthool a1s0 supports the local etonomy where poSsIb￿ by sour¢in8 goods and servIC￿ from locil 5uppllÈrs le.g. woodthlp from a local farm, dairy2nd meatproducts from lotal dairie5 and butch•rs et¢l, notto mèntion the use of local serrices suth as thevlMaBe shop and pub bystaff. parents• Pupi￿ and wsfcor$. Both staff and pupils arE also engaged in recydlng end waste reductton initiatNe5 acr055 the sthcol. PuplLsare acuve encoura8ed to comblne heatthy Èating and reduction in forA4 waste. 7he Sthcol also opens its fadlltles to hollday lets over the school holIda￿, thus eThabllnB a nvmber ol other 8roup5 1rn3lnly young people from music and thurch group51 to benefitfrom our facllltries. We also run h¢llday activity dubs to pmwde facll ities for local thild￿n to enjoy and for local parents to benefit frorn the prO￿510n of chilécare in the sthool hjlidays a full prografflme of hollday activitlés held In Surnrner 2021 FINANCIAL REVIEW AND RESULT5 FOR THEYEAR The rÈsultsforthe year and finandal posltion areshown In the attsthed finandal statements. The School shows a prafit of £475K forthe year. The malorltyofthÈ school'slncomewèsderlved from normal charitable aclivlties. Two st8Diflcant donatign5 were recelved in the year, which enabled investmentin thefacilltiestocontiNue artd Incluéed the Instsiiation of a newA5tro plrch and renovations to begln to provide i comrnunlty coffee shop on slte. In common wlth many other independent schoo15, there 15 pressure on our financ¥ and with carehjl mana8ement we have remalned flnanclally sound. We rwnain vi811￿t tD the pressure5 fzclngthe 1ndewdentSd)o￿ sectar. CLAYESMORE SCHOOL REPORTOFTHEGOVERNORS for they•arend8d 31 Au8U5t 2022 As a charlty, the pirents of pup115 haVethea￿￿￿￿£eth3tthe School applSes ?Imostall incomett>educational purposes. As an educatlonal charity, the School currently Ènjoys tsx exemption on aci(vltles and an 80% reduttion on business rates on property. The School applles the financlal benetlts rece￿￿ from these tax exemptions for educatlonal purposes and they help it Indirecdy to ffiaintain its bursary provision and widertharitsble oblecllyes. an educatlonal charity, the School is exemptforVAT purposes and so unable to reclairn VAT input tax an costs. The Sthool pays tax 85 an employer through the National Insurante ttsntributions it makes. In addttlon to the very substantial benefit5 brou8ht to Its puplls and t¢ the local comr)vJnity throush the education it offers, the bursary prDBr3rnme and the School's work with local sthools ryeotes a sIRnlfkant sodal a55et without cost to the Eychequer. The Sthool's PDllcy Is to invest any surpluses generated from the rLmnin8 of the Sch(KJl in developlnq the bulldlngs, equlpmentand resour￿5 ofthe School. InvOS¢ment Poll¢v The School's Investment pollcy Is derided by the Governtn8 Council in accordance wth Its Memorandum and Artycle5 of Assouatlon. FUTURE PLANS The key prioritit% and objectives of the School are set out In the Sthool'5 DEvelopment Plans. To athieve these there VAII be 4 focusorl profess￿￿31 development and wellbeing ol staff to ald recruitment and retsntion and to enwre hlth gtandards of pastoral care and currlcvlum delfvery educatlonal excellEnc£ au955 ?¢ademiG pastoral and extra-currtcular area5 development of strong and resllient leadership and management Closer alignment Df the prep and senlor xhool a fusjon of man4ement of the s¢hoo15 to athieve ￿UcatIOnal and pastoral ex￿llenCe financial sustainability throu8h dear strategles for admi551ons. fflarketir￿ bursaries. fees, commerclal actmty and fundralslng rnalntenante and medlum to long temi d@velopment of the estate to create thé best P055ible en￿rOnment ind frdcilities forteaEhing, learnlng and wotkin& and contiwed ra151ng uf the proflle ef the Schod both rtationally and Internationally through focussed rnarke￿ng initlatlves. To contlnueto iMpr￿e our Ca￿0￿ footprfntthrou8h investment In energy éfficiéncy Imthln all ol thi5, Governors are determined to enswe that aayesmore's eth05 rernains unchanged.. to Continue to proviée an academictsltyincluswe, all-through edutation with a flexlble, diveneand Inntyative currkulumthat5UPPOrts and challenge5 every pupil to fuNil their potentk41 and ccffitrlblrte to the world with confidence. ambltion and £oTnpas5ion. EMPLOYEE INFORMAIION The *hool fDIIow5 all le8lslative re4uirernents relatln8 to rtcrultrnent and ernployrnent and operates specific pollcies for the followin8 areas.. S3fegu3rd5ng inrluéing Prevent Dudes tixiplinary and Grievance Capability and Pèrfomiance Acce55ibil Health and Safety whiS￿eb10WIftB D[scrimina￿On and Equallty. CLAYESMORE SCHOOL REPORTOF THE GOVERNORS forthe¥èar èrnled 31 Au8ust 2022 A professional development prcwamrne is in place for stsff and the Sthool supports the pèrscrfml arsd prolesslonal developmentof all staff, Whe￿Ver pu551ble. RELATEDANDCONNEcfED PARTY ThANSACTIONS Thesthool had no related or03nneLtrd partytransacdonsdurfftg the fina￿7a] year. sTATEME￿AST0 DISCLOSURE OF INFORMATION TOAUOITORS So far as the 8ovemor5 are awa￿, ther2 15 no relevant audlt Information la5 deflned by Sectlon 418 of the Companle5 Art20061 of which the charitsble cornpanvs auditorsare unaware, and each 80¥￿Or ha5tsken all thestep5 that he or she ought to have t?ken a5 a 8ovemor in ortlerto make hlm5eW or herself aware of any rdevantaudlt iTrforrnation and to establish thatthe charltsble company's audStors are aware of that Information. STATEMENT OFGOVERNORS. RESPON51BIIrnES The govemors (who are also dlrertois of the company and tr5Jthe5 of the tharityl are responsible for preparlng the Report of the Govemors Iwhlth include5 the Strateglc Report) and the finandal ststements In accordance w￿h appllcable lawané United Kin8dom A¢cwntlngStandarés (Untted KinÈdom Ger*rallyAccepted Accounung Prnckncel. Company law wqulres the 8ovemors to prepare flnanclal ststements for eath financial year, whith eive a true and fair ¥iew of the stste of affaits of the charltable ¢ompany and of the incomlng resotsrces and appliratlm of resources, including the income and expendlture. of the tharitèble company frjr that perlod. In Prep8d￿ those flnanclal statements. thè 8ovemor5 are requlred to.. • select 5uIEable accountkng polldès ard therb aPP￿thern consistentfy ob5etve the merhod5 and prindples in the Charitie5 SORP 2015 IFRS 1021 • Fnokelu<*ements ard estimates that are reasonable and prtsdent • state whether appllcable accountlng stsndards have been foll%wed.subjECtto any material departUTe5 disclosed and explained In the finandal statsments,. and prepare the fTnanclal Sta￿ments on a Sol￿ concern b851$ unless It ts Inapproprlate to presume that the charitable compaTry will iontinue in operation. The gu4ernors arÈ ￿PonSIble for keeping adequate èccountlnÉ records. whith d15close ￿5th reasonable accuracy at any time the fin4nclal posltTon of the company and enable them to ènsure that the finonciÈl 5tatttnents comply with the Companies ALt 2006. They ère also respO￿TbIe for safeguarding the assets of th• company and hence for tsking reasonable Ste￿ forthe pre¥enUoTh and detection of frdud and other irregularities. ON SEHALF OFTHE COUNCILOF GOVÉRM)RS The govemors (ln the5r capadty as dirertoks of the tt¥npaty and trustees of the tharityl approve the Report of the Govemors ènd theStrate8lc Report forthe year ended 31 Au8USt2022. proved and outhorised for issue by the Govemingcouncil of Clayesmore School durfn8 Mar¢h 2023 and slgned on Its half bv.. Mr J l Andrew5-Chaiman Date li CLAYESMORE SCHOOL REPORT OFTHE INDÉPENDENT AUDITORS TO THE MEMBERS OF CLAYESMORE SCHOOL Opinion We have audited the flnanclal statements of aayesmore School lthe 'thaTitable £ompanVI for the yeBr endèd 31 Augu5¢2022 which comprisethe Ststementof FinaThtial Activities, the Balance SheeL the Ststernentof Cash Aows and Thotes to the flnancial statsments, indudln8 a summary ol sl8nthcant accountlng pollcle5. The flnanclal reporknng ftsmewofk that ha5 been applled in their preparatson is applicable law and Unlted KiD8dom kcowtln8 Standards includ¢nz Financlal Reportlng Standard 102 The Finanr4al RèptirDn8 Standard applicable in the UK and Republic of Ireland- IUn(ted Kinedom G&)erally Attepted Accounti￿ Practice). In ouropinlon the fTnand¥l 5t*ements.. give a true and falr view of the stste of the charltable companvs affalrs as at 31Au8ust 2022 and of ts incoming resour￿$ and applltstbon of Te50urces for theyearthen ended,. have been properSy prepared In accordance wlth United ￿nId0M Generally Acceptsd Accounttn8 Prattlce,. and havebeen prepared in attordance with the requirements of the Companies Act 2rKJ6. BJ515 foroplnlon We cDrtdutteÉ our auélt In accordance wtth Intsrnational Standards cn Auditing IUKI IISAS IUXII and applltable law. Our responslbllldes under those standards are further descrfbed in the Audliorf5 responslbllltles for the audlt of the Inancial ststements Secti￿ cl uur report. We are independent of the charitable company In accordance with the ethical reqU1￿mEnts that are relevant to pur autht of ihe finanual ststemvnts ID th? UK, Including the FRU5 Ethlcal Stsndard and WÈ have fulfilled our other ethlcal respoftslblli￿es in attordartte ￿th thesè reqU1￿Ments. We believe thatthe audit evidence we have obtsined 15 5uffioent and appropTiate to provide a ba5isfor OUT opinion. Concluslon5 relatlngtoBolng conrer We have nothin6 to ￿pOrt in re5pectof the followlng matters In relatlon towhlch the IS4s ILJK) ￿quIre Ljsto reportto vou where: th* fiovf rnor8' Ll%• ttl the 8(Ang cmrern basis of accoLinlln¥ in thE preparation of the finanThal stratemEnts is not approprtate,. or the S1)vernor5 *￿e not dlsclosed sn the f(nandal statements ary Identwled Tr￿terTaI uncertalnttes that may tast $I8nfflcant doubt about the tharitable comFJanls ability to continue to adopt the goin8 concern basis of accountin8 a ￿r[0d of at least I￿e1ve months from the date whern the tlnantial 5tatemeTrtsare authorls& for Issue. Other Infoftyjatlon The othef information ¢ompristt the infi)rmatlon Included In the Report of the Goven)ors {Includlng Strate81¢ RÉportl, other than the finandal statements and our Report of the Aud￿Or$ thereorn. The Governors are responslble for the other infom￿tIon. Our opinion on the fln?n¢ial ststements dotss nct COVET the other inforffjation and, except to the Èxtent otherwise explldtly 5taied In o¥r reporL we do not expre55 any form of assurance condusian thereon. In cornnection with our audlt of the fin3noal statements, ourr*spons5billty is ts Tead the other inlorniation and, In éoing s(J, consider whether the other Informatfon Is materially inconsistent wlth the flnandal statsments ¢rour knowledge ebtsined In the audlt orotherwi5e appears to be materially mis51ated. If we identify such matETial inconsistendes or app8￿nt rnoterlal mTsst8tements, we are requlred to determine whether there is a rnaterial mi55tstement In the financial ststemeNs or a materfal mtsthtement Df the other iThfDmiation. If. based on the waTkwe have performed, we cortdudethatthere is z materlal Misstatement of thi5 other informatlon, we are ￿qUIred to report thatfacL We have nothing to report in thls regard. Opinions on other matters pre5ryhed bythe CompanlesArt 2006 In our opinion. based on the work ￿ndertakert In the tour5e of the audlt.. the Informatlon Eiven in the Report ¢f the Govemors. which includes the Report of the Dirertor5 and the Strate8iC Report prepared for the purp05e5 of company law. for the fin*aal year for which the hnanclal stJterftents are prepared i5 conslstertt thEfinandal ststsments: and the5trategic Reportand the Reportofthe DI￿¢t¢￿ included wlthln th¢ Reportof the Governorts have been prepared in a￿rdon￿ with applicable leg41 requirernents CLAYESMORE SCHOOL REPORT OFTHE INDEPENDENf AUDITo￿T0 THE MEMBERS OF CLAYESMORE SCMOOL Matters on whlth we are requlred to rqport byexceptlon In light of the knowledge and understanding of the company and its environrnent ob¢ained in the CWT5e olthe audiL we have not identified rnaterial misststements In the Strategic Report or the Rryryt of the Directors Included withln the Report ofthe Governor WÈ have nothlnBto reportln respect of the fojlokwng mztters In relatlon to whlth the CompanlesAct 2OJ6 requlres u5 to reportto you if, in ouroplnlon.. adequate accountlng record5 have not been kept or returns adequate for our audit have not been recdved from branthes not visited by u5,. OT the ftnanclal ststements are nttt in agreement withthe itcounting records and rturn5,' or tertaln d15dosures of 6ovemors' fem¢Jneratfon specified by law are not made. c we have not r￿￿1Ved all the Information and explanations we requlrefor our audlt. Re5ponsSbMltles of Governors As explalned more fully In the Ststement of Governcr5' Responslbllitles Set ryjt Dn pa8e nine, the Governors Iwho are also directors of the rharitsble company forthe purpose5 of company law and truste•s olth• tharity for the purposes of charity lawl are responsible for the preparation of the finanual statements and lor being satisfted that they 8ive a true and fairview, and for suth Internal control as thè Govemors determlne ts rnecessary to enable the preparatSon of financial $tatemEnts thatare free from material m￿StateMEnt whether dueto fra￿￿ orerror. In preparln8 the flnandal statements. the Governors are responsible for as5esslng the charitable companWs ability to contlnue as a golnK concern, dlsclosing. as applicable, matter5 related to 8olng concem and u51n8 the 8olng ¢oncem ba515 01 iccountin8 unless the Governor5 olther Intend to liquidate the tharitable cempany or to Eease operations, or have no realisticaltemative butto doso. Audltorfs responslbjlltleslorthe audlt of thefinancTal stalements Our oblertNes a￿ tij obtsin reasonabl@ assurance about whether the finanaal ststements a5 a whde are free from moterial mts5tatement, whetheréue tofraud or error. ané to issue a Reportof the AuditOT5 thatlndudes ouroplnlon. Reasonable assurèllce Is 4 hlgh levd of a55uranc¢ but Is not a guarantee that an audit condurted In acrordance wÉth ISAS IUKI will a￿ayS detect a material misstatement when itexlsts. MKsstatements can arise frorn fraud or error end are considered material rf. indNidually or In the awe¥ate. they could ￿asonabty be e¥petted to Influence the Economlc decisions of users taken cTh the basls of these finandal Statements. lYre8ularttles. Incl￿dIng fraud, ao lnstanw of n¢n-tompllance wlth laws ènd Tegulatlons. WE design procedures in line with our ￿sponsIbl10t1e$, outlined above, to éetect material mi55tstements In respect of IrregulBrities. including fraud. The extentto which our procedures 4re capable of detecrin8 Irregularities, includinRfraud 15 detalled tetow. Emtertto whkh the audltwas to￿%￿dered Capab￿01d￿ettInI Irregularl￿es, inclu6in¥fraud. We identify and assess the risks of materlal mlssiatementof the finanrial ststeménts. whether due to fravd or etror. and then deslgn and perform audit Pr￿ed￿re5 re5pon5fvÉ to th¢ise rtsk% including ckntsining audlt evldence that 15 sufficient and approwtate to provide a basis forouropinion. l¢lenlfylng and as5esslh8 Potèntial Ttsks rèlatedto Irreaularities In identifying and a55es5ing rlsks of rnaterlel misstaternent In respect of Irwuiarlties, includlng fraud and non- compliancewith laws and reBulationsweconslderthe followln£: the natureof the charlty settor. control en¥lronmentand financial perfomiance; results of eAJr enqulrtes of mafiagement a￿c￿rt their own Identification and ￿Se$SMent OF the risks of irTegularitie5- any malters we identiffed havlng obtsined and r￿eWed the Chari￿5 documentation of thelr pc4icies and procedures relating to.. identlfyln& evaJuatln8 and complying with laws ahd regulatlons and whether they were aw￿ of any Instanw ofnofvcc#npllanee; detectiN8 and re5PDndln8 to the rlsk5 of fraud and whather th•y have knowledge of any artual, suspected or alleged fraud- the internal controls estsblishèd to rnltlgate risks of fraud or non-compllance wTth IBWS and regulations the matter5 dlscussed amonE the audit engagement team re8ald1￿ h*)w and where fraud mTEht occur In the financlal staremÈnts and anypoterttial indicatory of fraud. CiAYESMORE SCHOOL REPORT OF THE INDEPENDeiirAUDITORS TO THE MEMBERS OFCLAYESMORE SCHOOL A5 aresultof th¥e prottdure5.we wThsNfered thEoppOrtun￿e5and IncentNes that mayexistmthin theor8èni53tlon for fraud and Identlfled the greatest potential for frdué in the tollowing area- revenue and profit recc8nition. In common with all audlts under ISAS (UK), wè are a150 requlred to perform spedflc procedures to respond to the risk of mana8ementoverrlde. We have also obtained an understandin8 of the *al and regulat￿[ramewOrkSthatthechaTlty0Perate$1n, fotuslng on provlslons of those laws and rttgulations that had 3 dirett effect on thÈ determination of rnaterial amounts and dlsclosure5 In the ftnantl81 statements. The key laws ané reguL3tions we considered in this context included the UK Charftie5Art and related legislation. Audit responsètts ii5ks Identif￿d As a result ol performingthe above. we tdentifiEd revenue and resource reco8n¢tlon a key audlirnattw related to the potenV81 rsk of fraud. Our procedures to respond to risks iéentifled InCl￿ded the folltswlng: rewewirythefinancial statemeni disclosure5 andtes￿DgtDsUPp￿rt1￿S documentstion toa55e5s cornpliancewith prowsions of relevant laws and regulations desuibed as having a d¢retteffecton the financial ststements,. enquidng of management concerning actul and potential litigation and daims: performing analytical procedures to Identify any unusual or unexpected relationshlpsthat mèy indicate r￿kS of material misstatement due to fraud- readlng minutes of meetings oFthose thargedwith go¥ematits; in addressin8 the rfsk of fraud through mana8ernent override of controls, tsstlng the approprfateness of journal entrle5 and other adlustments,. asse5sin8 whether the judgements made in makin8 accounung estimates are Indicètive of a potential bias,. and ev8luatlng the ratlonale of ary s18nlfit3nt tra￿￿CtI¢￿ that are unusuèl or out$lde the normal course of the Chari￿5 operati￿l£. We èlso communicated relevant Identified laws and re8ulations and potential fraud rlsks to all en8a8ement team members and remained a18rtto anyindications Df fraud or nm-compliancewlth laws and regularlons throughoutthe audit. Owlng to the Inherènt lirnltatlons of an audit. there 1$ an unavoidat4e risk that we may not have detected some materjal mlsstètements in the financial statements. though we have properly planned and perfgmied our audlt In accordance Wth audltin8Standard5. For example. thefurther remoyed non-compliance wlth laws and regulations llrre8ularitse51 is from the events and t￿nSaCtIOnS rellerted In the fin3nc1315tatements, the Iqss Ilkelythe Inheren￿V lirnFted PrO￿ureS ￿quired by auditing st8ndards would identlfy It. In addl¥on, as wlth any audlL there remalned hlgher r15k of non-detection cl irre8ularities. as these may involve collusi¢n. ft>r8tryp intentional ornisslorLS, mlsrepreseNtstiMs. DT the override of Intemal contrels. WÈ are not respOn￿b]efor preventing n¢n<0mplian￿ and Cannot be expected to detect non.compllance with all laws and regulatlon& A further descrjptlon of our responsi1)ilities fLY the audit of ihe firsancial st*ements is located on the finandal ReportynE Counal's website at: ww 2udi r￿ponSIbilItIes. Thls destription forrns part of our Reporr of theAudttors. Use of our report This report Is made solely*oth2 charitable company's rnember& as g body, In accordance wth Chapter 3 cf Part 16 of the CompaniÈs Act 2Q)6. Our iudlt work ha5 been undertaken so that we might stste to the charltable cornpany'5 members those matters we are requlred te statéto them In a Report of the Audttors and for no other purpose. Tv the fullestextentpermitted bylaw. wedonotacceptorassumeresponsibilitytoanyone otherthan the charitablecompany and the chafitsble companvs membws as a body, for our audlt work. for thÈ5 report. or for the opinlons ¥Je have fcmed. $18ned_ Simon Elllngham BA FCA TKhA ISÈnlor Statutory Audltor forand on behalf of Faw¢etts LLP thartered Accountants and Statutory Auditors ndover House StAnn Street, Sallsburyi SPI 2DR CLqYESMORE SCHOOL STATEMENTOF FIfrIANCIALACTrVITIES Ilncludlng Income and expendlture Forthe year ended 31ALWSt 2022 UnrE5￿￿Ed Re5trirted T¢)tsl Fufids Fund$ Notes INCOME AND ENtKIWMENTS FROM.. Ch8ritsble actiMtiè5 Fee5 rereivable 12,458.268 12,458.268 5SI.961 12,025,731 414,148 349.871 other Income Grant receivable Investment ino)me 17,306 17,3( OonatioNs and lapd•s 150,000 1.255,38S L405,385 &9,801 Othertradinkacti¥ilip Trading income Hofiday lettings Clayesmore Sodety 106,205 57,590 106,205 S7￿9) 40,324 202,937 7.594 3L382 40,324 Total Income A5¥8 1,295,709 14,647.519 ,101464 RESOURCES EXPENDED CharitablÈ adiwitley. Sthool operating costs 13.164.987 22.331 13.IB7.Y17 11397,953 Other costs: Dtsnatlon5 & Lwcies e¥pens¢s Tradin8 eMpen5¢S Finan¢e and other costs Clayesmore Sodety 256 256 288361 169.036 288,961 169,036 77,119 2,432 237,870 21,637 77.119 45È.254 77.119 535.373 61L939 Unreallsed losses on Inwesirn￿ts 448?68 448,968 Total fe50urce5 expended 13,623.240 548A18 14,17L657 13,009,892 NET INCOME & EXPENDITURE FOR THE YEAR I NET MOVEMENT IN FiJNDS P71A30) 747.292 475 9L572 Fund balances brought fon¥ard at i September 2021 7,948.423 470,351 8,418.775 8327.203 FUND BAiANCES CARRIED FORWARD AT 31 AUGUST 2022 7,676.993 1217,643 8094.636 8,418.775 CONTINUING OPERATIONS None of the companV5 actlvltie5 were acquired or discontinued during the turrent and previous yea The ntttes form part ofthe5e flnandal statements CLAYESMORE SCHOOL BALAN￿ SHEÉT As at YI August 2022 Notes Tanglble assets Investments 15.001￿29 729,777 15,T31,606 14.90L8S2 14301,852 CURRENf ASSE Assets held for re-sale Stocks io li 150.000 6,680 2A41,848 587.946 6,775 124L2TI 563294 Debtors 12 Cash at bank and In hand 25 3.586,473 3,811346 CREDITORS: Amounts falllng due within one year 6.399A44 5,914,974 NET ajRRETr￿ UABIUTIE&. 12,8119ni 11103,6281 TOTALA55ETS LESS CURRENT iL4BIUTIES 12218,634 11798,224 CREDffOR*. Amuuths falung due eftpA mgre than one year 14 4.023398 4.379,449 8.894.636 8,418,775 FUNDS Unrestritted funds- General - D&i8nated fvnds 17 7.618.230 58,763 1.217.643 7,889,660 58.763 470.3SI 17. 18 17, 19 Restrirted funds 8,894,636 8,418,775 Approved and authorlsed for issue by the Govemlng Counal of aiyesmore Sthool and sgned on its behalf by.. Mrl l Andrew5- Obalrmon The notssfom part ofthe5e financial statements 16 LAYESMORE SCHOOL CASH FLOW STATEMErir forth• year ende4131 Augw 2022 2021 Notes CASH FLOWS FROM OPERATING AcfiviTtE5: Net (ash yovlded byop•ratinE ad1v￿leS 24 939,981 604.427 Cath llows from ITh￿￿% Bclivities: fvjrthase of tanoblefixed asstts Sale of FIKed Asset 1457,9901 IL335 Net cash us•d sn Investlni attivttles 1452,9901 20,229 Cash tlowsfrom finan•rie5 during the year. 12021-£25,OWI 19. RESTWCTED FU140S At I Septemlxr 2Q21 Unre3li5ed EwerKIituts B•in¥ & lo¥se5 ai Au8u5t S¢holarshlp fund Development of sthoDI I Capitsl buildin Old Clayesmorlan$ 5￿pport Fund Teathln 5port5 Fac11ft1•5 Crlcker pavS11ion LonBlump / Hlgh lump Annual UrnrEStr5cted Fund Annual Teathing & Learnln8 Annual Bursaries & 5(holèr5hip5 Soual Centre Pupll Prolects Musical Instruments lake Projert Hardshlp Fund A Thnual FuThd 21122 are Endo¥Yment HUmanIta￿an The Writers Block Café other Clayesmore Sodety 4,166 270,771 9341 4.752 7.600 27.SQO 3,583 1,562 1220 18.117 25 2,100 521 17,898 181 I22￿1} 270,951 9.341 5.292 7￿50 28,274 3,SB3 2372 2,220 21.443 774 BLO 3.326 2,ICQ 1,689 19,CK12 26,880 4,WO 729,717 1,435 19,oriJ 6.428 4,000 1.178.744 2,040 20,U 12671 20,452 1448,9681 20,C 22,031 38,773 1,217.643 22,031 75,568 470.351 40.324 L295,709 199,450) 1448,968 Except for The ClayÈsmDre Societywhlch is explained below. the restrlcted funds consist oldonatlon Incorn8 and subsequent expenditure that have been restrirtgd to those p3rtlcular purposes at the wishps of the donor. The Clayesm0￿ Society existsto prtsrrK)te throu￿ sodal alld cultural eventsand actiwtle5.' • the aims and objErtives of aayesrYKre ty the preservatlon of friendthip and tommunication aMun8St all mernbers support for the work ol the Sthool IniorDe is deTlveil from the substhptlons EhaTEed to pupils at ihe School over a perlod of 51X terms whlth prDwdes IlfelonB membership to the Society. ￿enditllre represenis the cost5 of th*nts sta8ed to promotEthe Sthvol and achleve the alms of the 5ouety. The not￿ form partof thesèfinanclal ststemellts 26 CLAYESMORE SCHOOL NOTESTOTHE HNANCIALSTATEMENTS for the y•ar eNded 31 AUg￿t 20Z2 ZO. PENSION COMMITMENT5 The teathing staff have the option to be members of a defined benefit pensign xheme operated by the Teathers. Penslon Asency. For othÈremployees the School contributes to a Group Personal Penslon Stheme operated by Scottish vfidow5. The tharge forthe year In respect of all pension commitments wès £1,18118312021- £L226.5731 of whlch £2C6.46012021- 2S4,7441 related to the Group Personal Penslon Schemo. At the year-ené there were outstandln8 contrfbutyons of £23,03112021- £24,121) In respett of ￿ntributiOnS due for the month of Au8USt paid over to the pension sthem¢ administrators in September. YeacheTS' Penslon SchemÈ The School partiripate5 in theTeachers' PensIC￿ Scheme l-the TPYI for Its teaching staff. The penslon tharge forthe year includès ￿ntributIonS ￿Yablet0 theTPS of £727.73812D21.. £764,354) and arthe year-eTrd £nll12021£nlll was acu1￿￿ in respect of contributionstotlus5cheme. The TPS isan unfvnéed multi.employer defined benefits pension scheme govemèd byThèTEacherf Pensions Regulations 2010 las arnendedl 3nd The Teachers, Pension Scheme Regulètions 2014 las amenéedl. Members (ontrfbute ¢)n a 'pay as you go- bas￿ Wlth Eontributions from rnember5 and the efflployer being credlted to the Exchequer. Retlrernent and other pe￿IOn benefits are pald by publlc funds provlded by Parllwnenl The employercontributicn rate is set bythe Secretaryof State foll￿￿8 schemevaluations urvJertaken tythe Govemment Actuarfs Dep3rtmÈnL The most recentartuarial valuation oftheTPS was prepa￿d as at31 Ma￿h 2016 and the Valuation ReporL whlch was published In March 2019. confbrmed thatthe ernployer contribution ratefortheTPSwauld inuea5efrom 16.4% to 23.6% from I September 2019. Employèrs are also requlred to pay a scheme a¢mlnT5tration levy of 0.08% givln& total employer contrlbutlcn rate of 23.68%. The 31 March 2016 V?luatlcn Report was p￿￿red in accordance wlth the benefits set wt In the s¢heme re8ulations and undertheapproarh sgecifled in the Oire(Xlons. as they applled at 5 March 2019. However, the assumptlonswereconsfjdered and set by the Departrnent for Educatlon prfigr tg the rulin8 in the 'M¢aoud/SarÈeèTht case,. Th15 ha5 required the Utts to consider cases regardln8 the Implem&)iatfjon of the 2015 refL¥ms to Pubtsc Service Penslons Indudkng the Teachers, Pensions. Qn 27 June 2019 the Suprerne Court denled the 8o¥ernment permission to appeal the C￿rt ol Appears lud8ment that transl¢lMal prov￿1￿$ iNtroduced to the reformed penslon schemes In 2015 gave rlse to unlawful age discdmlnztion. 7he government is respecting the Court's declslon and has 5ald It will enBage ful￿ wlth thè Employment Tribunal as well as emplf>yer and ￿￿rnber reP￿Entat￿e$ tv a8ree howthe dlscriminations will be rernedied. The TPS Is subject to a cost cap methantsm whlch was put in placè to protect taxpayers against unfore5ten thanges in scherne CDSts. The Chief 5ecretaryto the Treasury, hawn8 in 2018 announced that there would be a review of this cost cap mechanism. In january 2019 announod a pause to the cost cap mechanism f¢llowin8 the Court of Appeal's ruling in the mcc1r￿dIsar9eènt casé and until there ts ￿rtaInty aboutthe value of penslons to employees from April 2015 onwards. In view of the above rulln85 and deLi5ions the a55umptlons wed In the 31 March 2016 Actuadal Valuafion may become inappropri*e. In this scenario, a valuation prepared in aECoTdan￿ with revised benefits and suliably rev15ed assumptlons w￿aId yleld different ￿sU￿$ thaTh those ￿ntained In the Artuarial Valuation. Untsl a remedy tts the discrlmlnation rDnclusion ha5 been deterrnlned by the Empls)yment Tribunal it Is not P0S5ible to condude on any financlal impact or fijture changes to the e¢ntribution ratss of the TPS. Accordln8ly no provision for any additlonal pa%t benefit pen51on costs is Included In thesefinanclal 5tatempnts. The notes form part of these finanaal slatemEnts 27 CLAYE5MORE SCHOOL NOTESTO THE FINANCIALSTATEMENTS for the year ended 31 AuEUrt2022 20. PENSION COMMITMENTS Icontdl The Sthool held a consultation pro￿$ wAth rneMbe￿ of teachlng staff eligible for the TPS, and an alternative Defined Contribution Scheme was estsblished for teaching staff to opt Into, effeCt￿e I September 2020. Employer contributions into thi55¢heme are setat a rate of 18.4%. 21. STATUS The comp3nyi which Is limlted by guarantee and has no share (apital, is registered in ETr￿and. 21 GOPITALCOMMITMENTS 2022 Z021 Contotted but not proviéed for In the accounts CONnNGENf ilABIUTIE5 The School ha5 a lega5 113bllityto bearthe cost of the Wolverton Chapel repairs. However, the Chapel contlnue5 to be malntalned in a good state tsf repair and the Govemors are ofthe oplnion that no fvrther pro¥lsion need be made In these financial 5taternents. RECONCIUATKIN OF NEY INCOMING RESOURCESTO NET CASH hNFLOW FROM OPEBATIONS Net Income for the year a5 perth? ststement of fingncial AcLivitles'. DDnated ￿Sets Unreallsed lossesllGainsl on investments Profit on di5P05è1 of fixed a&%et Depredatlon tharges Ilncreisel l Decrease In stock5 (Inc￿ese} / Detrease In debtor5 Intxease I IDe(rea5el In tredltOTS Net cash Inflowfrom operatln8atti7Ati 475,861 11328,7441 448368 I5.0￿) 358,012 91.572 18,8941 360.677 39,172 254,345 1132A45 604,427 399,429 591.360 939,981 The notes ferrn part ofthese finandal statements CLAYESMORE SCHOOL NOTES TOTME FINANCIALSTATEMENTS forthevear end8d 31Au1ust 2022 25. ANALYSIS OF tAg1 AND CW EouniALENt5 20 Cash at bank and in hand (￿rdraft$ 587,946 563294 587,946 563.294 2& ANALYS￿ OF CHANGES tN NET DEBT At At I Sepiemb•r 31Au8USt 2022 C*h Flow5 Net tash Cash at bahk and in hand 563,294 24.652 587,946 Loans fallin8 due wlthln one year Loans falllng due after more than oneyear 1475A17) 14.31W21 475,4171 13A5?,0011 462.341 I4.226.4￿) 486.993 13.739,4721 The notes ft>rm part of thes¢flDanclal statements 29 L4YESMORE SCHOOL NOTE5TOTHE F114ANCIALSTATEMENTS for theyea¥ ended 31 August 2022 COMPARATIVE STATEMENTOF FINANCIALAcnvmÉs Unrestrkted Funds Restricted Fund5 Total Notes INCOME AND ENDOWMENTS FROht Charfiable attl¥le5 Fees re￿1vable 11025.731 414,148 349A71 12,025,731 414,148 349.871 Qther Intorne Grant Re￿4¥able Donatlons and l*des 69,801 69,801 OthertradTng actl¥knes: Traéln8 Income ollday letting5 aayesmore Sodety 20L937 7594 2D2.S37 7.594 3L382 34382 Total Income 13.iXKJ,281 IOL183 13,IOL464 RESOURCES EXPENDED Charsiable artimties: Sth¢ol operztingcosts 12.339,501 S8.453 11397.953 Othor Ck)natlOa5 & Le8a£ies expenses Tradlrtg expenses Finance and cther costs 352.432 237,870 352,432 237,870 21,637 61L939 Clayesrnore Sodety 21,637 21.Q7 590.302 Tot31 resour¢es expended NET INCOME FOR THE VEARI NET MOVEMENT IN FUNDS 11929,803 80,090 13.Q09,892 70A78 9¥sn Fund balan￿ brou8ht forward at I September 2020 7￿73￿6 449,￿8 ,327.203 FUND BALANCESCARRIED FORWARDAT 31 AUGUST 2021 7.94&4Z3 470.351 4418.775 The note5 form partof these financial 5taternents 30