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||**Page**||
|---|---|---|
|**Members of the Council, Officers and Advisors**||**1**|
|**Report of the Council**|**2 to **|**10**|
|**Report of the Independent Auditors**|**11 to **|**13**|
|**Consolidated Statement of Financial Activities**||**14**|
|**Consolidated Balance Sheet**||**15**|
|**Statement of Cash Flow**||**16**|
|**Notes to the Financial Statements**|**17 to **|**29**|





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|||||**2022**|**2021**|
|---|---|---|---|---|---|
|**INCOME AND EXPENDITURE**||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**Note**|**f**|**f**|**f**|**£**|
|**INCOME AND ENDOWMENTS FROM:**||||||
|Charitable activities:||||||
|School fees receivable|3|5,739,477||5,739,477|5,356,943|
|Other income|4|438,743||438,743|739,330|
|Donations and legacies|5|61,121||61,121|79,093|
|Other trading activities|6|330,387||330,387|46,418|
|Investment income|7|1,345||1,345|532|
|**Total income**||6,571,073||6,571,073|6,222,316|
|**EXPENDITURE ON:**||||||
|Raising funds|8|87,559||87,559|53,018|
|Charitable activities|8|6,643,359|31,069|6,674,428|6,102,036|
|**Total expenditure**||6,730,918|31,069|6,761,987|6,155,054|
|||(159,845)|(31,069)|(190,914)|67,262|
|Net gains/(losses) on investments|14|||||
|**NET INCOME/(EXPENDITURE)**||**(159,845)**|**(31,069)**|**(190,914)**|**67,262**|
|**RECONCILIATION OF FUNDS:**||||||
|Total funds brought forward||7,563,048|31,069|7,594,117|7,526,855|
|**TOTAL FUNDS CARRIED FORWARD**||**7,403,203**||**7,403,203**|**7,594,117**|





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|||**Group**||**School**|**School**|
|---|---|---|---|---|---|
|||**2022**|**2021**|**2022**|**2021**|
||**Note**||||**E**|
|**Fixed assets**||||||
|Tangible fixed assets|13|8,214,930|8,186,121|8,214,930|8,182,592|
|Investment|14|5,749|5,749|5,749|6,249|
|||8,220,679|8,191,870|8,220,679|8,188,841|
|**Current assets**||||||
|Debtors|15|309,072|242,768|309,072|253,065|
|Cash at bank and in hand||1,922,675|2,684,327|1,922,675|2,682,024|
|**Total current assets**||2,231,747|2,927,095|2,231,747|2,935,089|
|**Liabilities**||||||
|Creditors: Amounts due within one year|16|(1,927,361)|(1,879,036)|(1,927,361)|(1.42.6;420)|
|**Net current assets**||304,386|1,048,059|304,386|1,058,669_|
|**Total assets less current liabilities**||8,525,065|9,239,929|8,525,065|9,247,510|
|Creditors: Amounts due after more than one year|17|(1,121,862)|(1,645,812)|(1,121,862)|(1,645,812)|
|**NET ASSETS**||**7,403,203**|**7,594,117**|**7,403,203**|**7,601,698**|
|**Funds**||||||
|Unrestricted funds:||||||
|Undesignated|21|7,403,203|7,570,629|7,403,203|7,570,629|
|Trading company|21||(7,581)|||
|Total unrestricted general funds||7,403,203|7,563,048|7,403,203|7,570,629|
|Restricted funds|21||31,069||31,069|
|**TOTAL FUNDS**||**7,403,203**|**7,594,117**|**7,403,203**|**7,601,698**|





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||||**2022**|**2021**|
|---|---|---|---|---|
|||Notes|||
|**CASH FLOWS FROM OPERATING ACTIVITIES:**|||||
|Net cash provided by/(used in) operating activities||a|(205,713)|1,760,527|
|Cash flows from investing activities:|||||
||Purchase of tangible fixed assets||(451,155)|(307,125)|
||Proceeds on sale of tangible fixed assets||45,216||
|Net cash provided by/(used in) investing activities|||(405,939)|(307,125)|
|Cash flows from financing activities:|||||
||Repayments of borrowing||(150,000)|(1,287,500)|
||Cash inflows from new borrowing|||7|
|Net cash provided by/(used in) financing activities|||(150,000)|(1,287,500)|
|**CHANGE IN CASH AND CASH EQUIVALENTS FOR THE YEAR**|||(761,652)|165,902|
|Cash and cash equivalents brought forward||b|2,684,327|2,518,425|
|**CASH AND CASH EQUIVALENTS CARRIED FORWARD**|||||
|**AT 31 AUGUST**||**b**|**1,922,675**|**2,684,327**|
|**a)**|**Reconciliation of net income/(expenditure) to net cash **|**flow from **|**operating activities**||
||||**2022**|**2021**|
||Net income/(expenditure) for the year as per the||||
||Statement of Financial Activities||(190,914)|67,262|
||Adjusted for:||||
||Depreciation||413,775|396,232|
||(Profit)/loss on disposal of tangible fixed assets||(33,897)|3,493|
||Net gains/(losses) on investments||||
||Disposal of subsidiary||(2,748)||
||(Increase)/decrease in debtors||(66,304)|(15,760)|
||Increase/(decrease) in creditors||(325,625)|1,309,300|
||**Net cash (used in)/ provided by operating activities**||(205,713)|1,760,527|
|**b)**|**Analysis of cash and cash equivalents**||||
||||**2022**|**2021**|
||Cash at bank and in hand||1,922,675|2,684,327|





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|Freehold property|2% straight line (on cost above £100,000 estimated to be the original cost of|
|---|---|
|Building improvements|20% reducing balance / 10% straight line|
|Furniture, fittings & equipment|20% reducing balance|
|Computer equipment|33% straight line|
|Motor vehicles|25% straight line|



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||||**2021**|
|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|
||**E**|||
|**INCOME AND ENDOWMENTS FROM:**||||
|**Charitable** activities:||||
|School fees receivable|5,356,943|−|5,356,943|
|Other income|739,330|−|739,330|
|Donations and legacies|39,100|39,993|79,093|
|Other trading activities|46,418||46,418|
|Investment income|532||532|
|**Total income**|6,182,323|39,993|6,222,316|
||**_**|||
|**EXPENDITURE ON:**||||
|Raising funds|53,018||53,018|
|Charitable activities|6,093,112|8,924|6,102,036|
|**Total expenditure**|6,146,130|8,924|6,155,054|
||36,193|31,069|67,262|
|Net gains/(losses) on investments||||
|**NET INCOME/(EXPENDITURE)**|**36,193**|**31,069**|**67,262**|
|**RECONCILIATION OF FUNDS:**||||
|Total funds brought|7,526,855||7,526,855|
|**TOTAL FUNDS CARRIED FORWARD**|**7,563,048**|31,069|**7,594,117**|





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|**3.**|**Charitable activities: School fees receivable**|**2022**|**2021**|
|---|---|---|---|
||Gross fees excluding registrations|6,684,768|6,642,356|
||Less: Bursaries, scholarships and allowances|(945,291)|(1,285,413).|
|||5,739,477|5,356,943|
||Restricted fund bursaries|||
|||5,739,477|5,356,943|
|**4.**|**Charitable activities: Other income**|**2022**|**2021**|
||Extras, special tuition and outlays recoverable|427,379|375,966|
||Registration fees|10,340|10,295|
||Government grants|1,024|353,069|
|||438,743|739,330|
|**S.**|**Donations and legacies**|**2022**|**2021**|
|||**£**|**£**|
||Donations|61,121|79,093|
|**6.**|**Other trading activities**|**2022**|**2021**|
||Subsidiary trading income|2,180|(1,970)|
||Sports centre income|135,402|36,953|
||Lettings and rents|1,364|8,395|
||Other income|3,776|3,040|
||Insurance proceeds|29,396||
||Profit on disposal of assets|33,897||
||Course income|124,372||
|||330,387|46,418|
|**7.**|**Investment income**|**2022**|**2021**|
||Bank and other interest|1198|310|
||Investment income|147|222|
|||1,345|532|





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|**8.**|**Expenditure**|**Staff**||**Other**||**Total**|**Total**|
|---|---|---|---|---|---|---|---|
|||**costs**||**costs**|**Depreciation**|**2022**|**2021**|
|||**f**||**E**|**E**|**E**|**E**|
||**Raising funds**|||||||
||Trading costs|||6,572||6,572|5,280|
||Commissions and other costs|||57,473||57,473|35,427|
||Bank loan interest and charges|||23,514||23,514|12,311|
|||||87,559||87,559|53,018|
||**Charitable activities**|||||||
||Education:|||||||
||Teaching|2,846,931||173,683|3,268|3,023,882|2,785,093|
||Welfare|551,372||312,772|−|864,144|670,328|
||Premises|572,697||829,527|410,507|1,812,731|1,762,483|
||ICT & AV development|_||232,649|−−|232,649|163,512|
||Support costs of schooling|479,551||185,661||665,212|667,250|
||Bad debts|||333||333|21,834|
||Lettings, courses and other activities|41,897||36,328||78,225|31,536|
||Loss on disposal of subsidiary|−||(2,748)||(2,748)||
|||4,492,448||1,768,205|413,775|6,674,428|6,102,036|
||||,|||||
|||4,492,448||1,855,764|413,775|6,761,987|6,155,054|
|||(note 11)||||||
||_TOTAL 2021_|_4,225,797_||_1,533,026_|_396,231_|_6,155,054_||
|**9.**|**Net income/(expenditure)**|||||**2022**|**2021**|
|||||||**E**|**E**|
||This is stated after charging:|||||||
||Depreciation|||||413,775|396,231|
||(Loss)/Profit on disposal of fixed assets|||||33,897|(3,493)|
||Auditors' remuneration:|||||||
||−audit|||||16,370|15,000|
||Operating lease rentals:|||||||
||−equipment rental|||||30,770_|29,376|



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|**Staff costs and number**|**s**|**s**||||||
|---|---|---|---|---|---|---|---|
||**Teaching**||**Non−teaching**|||**Total**||
||**2022**|**2021**|**2022**|**2021**||**2022**|**2021**|
|Wages and salaries|2,165,509|2,042,085|1,656,954|1,572,733||3,822,463|3,614,818|
|Social security|217,191|195,012|126,975|115,677||344,166|310,689|
|Pension costs|276,742|252,218|49,077|48,072||325,819|300,290|
||2,659,442|2,489,315|1,833,006|1,736,482||4,492,448|4,225,797|
||||||_|||
|The average number of|employees during the year were as follows:|||||**2022**|**2021**|
|||||||**No.**|**No.**|
|Teaching staff||||||52|53|
|Other employees||||||92|94|
|||||||144|147|
|The number of employees whose emoluments for the year fell||||||**2022**|**2021**|
|within the following bands were:||||||**No.**|**No.**|
|£50,001 to £60,000||||||1|1|
|£60,001 to £70,000||||||1|1|
|£70,001 to £80,000||||||1|1|
|£80,001 to £90,000||||||||
|£90,001 to £100,000||||||||
|£100,001 to £150,000||||||1|1|



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|||||**Furniture,**|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**Freehold**|**Building**|**fittings &**|**Motor**|||**School**||||**Group**|
|||**property**|**improvements **|**equipment**|**vehicles**|||**Total**||**Subsidiary**||**Total**|
|||**f**|**f**|**f**||**f**||**f**||**f**||**f**|
|**Cost**|||||||||||||
|At 1 September||11,684,892|2,987,170|3,046,373||49,560||17,767,995||143,370||17,911,365|
|Additions||=|11,520|439,635||−||451,155||−||451,155|
|Disposals||−||(18,750)||||(18,750)||(143,370)||(162,120)|
|At 31 August||11,684,892|2,998,690|3,467,258||49,560||18,200,400||||18,200,400|
|**Depreciation**|||||||||||||
|**At** 1 September||4,680,499|2,502,105|2,366,309||36,490||9,585,403||139,841||9,725,244|
|Charge for the year||231,698|47,330|131,479||3,268||413,775||||413,775|
|Disposals||=|=|.<br>(13,708)||||(13,708)||(139,841)||−153,549.00|
|At 31 August||4,912,197|2,549,435|2,484,080|_|39,758|.|9,985,470|,|−|.|9,985,470|
|**Net book value**|||||||||||||
|At 31 August 2022||6,772,695|449,255|983,178||9,802||8,214,930||||8,214,930|
|At 31 August 2021||7,004,393|485,065|680,064||13,070||8,182,592||3,529||8,186,121|
||_|||||||||_|||



|**Fixed Asset Investments**|**Investment**||**Unquoted**|**Group**|**Motcombe**|**School**|
|---|---|---|---|---|---|---|
||**Trusts**||**UK equities**|**Total**|**Park Ltd**|**Total**|
||**f**||**f**|**f**|**f**|**f**|
|Market value at 1 September|4,429||1,320|5,749|500|6,249|
|Unrealised gains/(losses)|−,.|||−||,−|
|Disposals|||||(500)|(SOO)|
|Market value at 31 August|4,429||1,320|5,749||5,749_|
|Historical cost|1,600||90|1,690|500|2,190|
|||t,|||||
|**Debtors**|||**Group**||**School**||
||||**2022**|**2021**|**2022**|**2021**|
|Fees and extras|||170,419|145,114|170,419|145,114|
|Stocks, prepayments and accrued income|||138,653|97,654|138,653|96,788|
|Amount owed by subsidiary|||−||−|11,163|
||||309,072|242,768|309,072|253,065|



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|**16.**|**Creditors: amounts due within one year**|**Group**||**School**||
|---|---|---|---|---|---|
|||**2022**|**2021**|**2022**|**2021**|
||Cash received in advance for next term's fees|759,941|707,757|759,941|707,757|
||Advance fees scheme (note 18)|323,720|331,434|323,720|331,434|
||Deposits|358,506|344,747|358,506|344,747|
||Trade creditors|93,416|97,245|93,416|97,245|
||Bank loans (note 17)|150,000|150,000|150,000|150,000|
||Hire purchase agreements||4,343|||
||Other taxation and social security|84,608|74,774|84,608|74,774|
||Other creditors|35,840|32,666|35,840|32,666|
||Accruals and deferred income|121,330|136,070|121,330|133,454|
|||1,927,361|1,879,036|1,927,361|1,876,420|
|**17.**|**Creditors: amounts due after more than one year**|||**2022**|**2021**|
||Advance fee scheme (note 18)|||709,362|1,083,312|
||Bank loans|||412,500|712,500|
|||||1,121,862|1,795,812|
||Hire purchase agreements repayable by instalments:|||**2022**|**2021**|
||Less than 1 year||||4,343|
||Between 2 and 5 years|||||
||||||4,343|
||Bank loans repayable by instalments:|||**2022**|**2021**|
||Less than 1 year|||150,000|150,000|
||Between 2 and 5 years|||412,500|562,500|
||In 5 years or more||||−|
|||||562,500|712,500|





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||**2022**|**2021**|
|---|---|---|
|Less than 1 year|323,720|331,434|
|Between 2 and 7 years|709,362|1,083,312|
||1,033,082|1,414,746|
|Summary of movements in liability:|**2022**|**2021**|
|Balance at 1 September|1,414,746|209,848|
|Additional amounts received|_|1,356,410|
|Allocation to fees|(381,664)|(151,512)|
|Balance at 31 August|1,033,082|1,414,746|



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|As at 31 August the School had total future minimum <br>equipment as follows:|lease payments under non−cancellable opera|ting leases for|
|---|---|---|
||**2022**|**2021**|
|Less than 1 year|18,498|27,506|
|Between 2 and 5 years|11,142|18,013|
|Over 5 years|−,|−|
||29,640|45,519|



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|**Analysis of net assets between funds**|||||
|---|---|---|---|---|
||**Fixed assets**||||
|||**Net current**|**Creditors > 1**||
||**investments**|**liabilities**|**year**|**Total**|
|Unrestricted funds:|||||
|General undesignated funds|8,220,679|304,386|(1,121,862)|7,403,203|
|Trading subsidiary|||||
|Restricted funds|||||
|**Net assets at the end of the year**|8,220,679|304,386|(1,121,862)|7,403,203|





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||||**Fixed assets**|||||
|---|---|---|---|---|---|---|---|
|||||**Net current**|**Creditors **|**> 1**||
||||**Investments**|**liabilities**|**year**||**Total**|
||Unrestricted funds:|||||||
||General undesignated funds||8,157,272|1,059,169|(1,645,812)||7,570,629|
||Trading subsidiary||3,529|(11,110)||−|(7,581)|
||Restricted funds||31,069||||31,069|
||**Net assets at the end of the year**||8,191,870|1,048,059|(1,645,812)||7,594,117|
|**21.**|**Statement of funds**|||||||
|||**Balance at**|**Incoming**|**Outgoing**|**Gains/losses**||**Balance at**|
|||**1.09.21**|**resources**|**resources**|**& transfers**||**31.08.22**|
|||**f**|**f**|**f**|**f**||**f**|
||**Unrestricted funds:**|||||||
||General undesignated funds|7,570,629|6,568,893|(6,724,346)|(11,973)||7,403,203|
||Trading subsidiary|(7,581)|2,180|(6,572)|11,973|||
|||7,563,048|6,571,073|(6,730,918)|||7,403,203|
||**Restricted funds**|31,069||(31,069)||||
|||7,594,117|6,571,073|(6,761,987)|||7,403,203|
||Comparative statement of funds for the year ended 31 August 2021:|||||||
|||**Balance at**|**Incoming**|**Outgoing**|**Gains/losses**||**Balance at**|
|||**1.09.20**|**resources**|**resources**|**& transfers**||**31.08.21**|
|||**E**|**£**|**f**|**_f_**||**_f_**|
||**Unrestricted funds:**|||||||
||General undesignated funds|7,527,186|6,184,293|(6,140,850)|||7,570,629|
||Trading subsidiary|(331)|(1,970)|(5,280)|||(7,581)|
|||7,526,855 .|6,182,323|(6,146,130)|||7,563,048|
||**Restricted funds**||39,993|(8,924)|||31,069|
|||7,526,855|6,222,316|(6,155,054)|||7,594,117|





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|**Profit and loss accounts**|**2022**|**2021**|
|---|---|---|
|Turnover|2,180|(1,970)|
|Operating costs|(6,572)||
||_||
|Operating profit|(4,392)|(7,250)|
|Interest receivable|||
||(4,392)|(7,250)|
|Gift aid donation to Port Regis School|||
||(4,392)|(7,250)|
|**Balance sheet**|**2022**|**2021**|
|Fixed assets||3,529|
|Current assets||3,170|
|Current liabilities||(13,780)|
|||(7,081)|
|Called up share capital||500|
|Retained earnings||(7,581)|
|||(7,081)|



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