| H D Cocke | (Chair) | |||||||
|---|---|---|---|---|---|---|---|---|
| BDavies | (Vice-Chair) | |||||||
| CJCulley | (Chair ofF&GP) | |||||||
| Dr R Skule | ||||||||
| EM Barkham | (resigned 31"July 2021) | |||||||
| N L Hunter | (Chair ofESC) | |||||||
| C Jarrold | ||||||||
| SWest | ||||||||
| A Van Wensveen | ||||||||
| JOffer | ||||||||
| JClough | (appointed 1"August | 2021) | ||||||
| Member ofthe Finance and General | Purposes | Committee | (F&GP) | |||||
| Member ofthe Communications | Committee | (CC) | ||||||
| Member ofthe Education and Safeguarding |
Committee (ESC) | |||||||
| Head | C Saenger BAQTS | |||||||
| Bursar | JPerry FCCA | |||||||
| Bankers | Lloyds Bank pic | |||||||
| Femdown Branch |
||||||||
| PO Box 1000 | ||||||||
| Bxl 1LT | ||||||||
| Savings | Accounts | National Westminster |
Bank | Barclays Bank PLC | ||||
| Wimborne Branch |
Wimborne | Branch | ||||||
| 7 West Borough | Registered | Address | ||||||
| Wimborne | 1 Churchill | Place | ||||||
| Dorset | London | |||||||
| BH21 1PR | E145HP |
| Teachers Building Society | |||||
|---|---|---|---|---|---|
| Allenview House |
|||||
| Hanham Road |
|||||
| Wimborue | |||||
| Dorset BH21 1AG |
|||||
| Auditors | Fletcher &Partners | ||||
| Chartered Accountants |
|||||
| Crown Chambers | |||||
| Bridge Street | |||||
| Salisbury | |||||
| Wiltshire | |||||
| Spl 2LZ | |||||
| Insurance | Brokers | Hayes Parsons Broker Insurance | Marsh Ltd | ||
| Beacon Tower | Capital House | ||||
| Colston Street | 1-5 Perrymount | Road | |||
| Bristol | Haywards | Heath | |||
| BS14XE | West Sussex | ||||
| Po1 1DU | |||||
| Solicitors | Wilsons Solicitors LLP | ||||
| Alexandra House |
|||||
| StJohns Street | |||||
| Salisbury | |||||
| Wiltshire | |||||
| Spl 2SB |
| FOR | THE | YEAR ENDED 31JULY 2022 | YEAR ENDED 31JULY 2022 | YEAR ENDED 31JULY 2022 | |||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| Note | 2022 | 2021 | |||||
| E | |||||||
| INCOME FROM: | |||||||
| Coronavirus Job Retention |
Scheme Grants | and Donation | 3b | 56,262 | |||
| Charitable activity - operation ofthe school |
|||||||
| Pupils fees | 3,584,414 | 3,534,057 | |||||
| Less: Covid-19 discount | (128,577) | ||||||
| Pupils extras and | disbursements | recovered | 68,425 | 42,286 | |||
| Early Years Funding | 105,904 | 68,832 | |||||
| School bus service | 54,105 | 48,993 | |||||
| Holiday Activities | 40,919 | 44,287 | |||||
| Investment | 3a | 1,224 | 1,318 | ||||
| Other | 11,588 | 4,700 | |||||
| TOTAL INCOME | 3,866,579 | 3,672,158 | |||||
| EXPENDITURE ON: | |||||||
| Charitable activities |
|||||||
| Costs ofoperation | ofthe School | 5/5a | 3,741,398 | 3,755,725 | |||
| TOTAL EXPENDITURE | 3,741,398 | 3,755,725 | |||||
| NKT INCOME/(EXPENDITURE) | FOR THE YEAR | 8125,181 | (83,567) | ||||
| FUND BALANCES AT 1AUGUST 2021 | 12a | 6,971,144 | 7,054,711 | ||||
| FUND BALANCES AT 31 | JULY | 2022 | 12a | 7,096,325 | 6,971,144 |
| FOR THK | FOR THK | YEAR | ENDED 31 | JULY 2022 | |||
|---|---|---|---|---|---|---|---|
| Notes | 2022 | 2021 | |||||
| TURNOVER | |||||||
| Pupils fees | 2 | 3,584,414 | 3,534,057 | ||||
| Less: Covid-19 discount |
(128,577) | ||||||
| Early Years Funding | 105,904 | 68,832 | |||||
| Pupils extras and disbursements | recovered | 68,425 | 42,286 | ||||
| 3,758,743 | 3,516,598 | ||||||
| OTHER OPERATING | INCOME | ||||||
| School bus income | 54,105 | 48,993 | |||||
| Interest receivable | 3a | 1,224 | 1,318 | ||||
| Coronavirus Job Retention |
Scheme | Grants | 3b | 56,262 | |||
| Miscellaneous income |
52,507 | 48,987 | |||||
| 3,866,579 | 3,672,158 | ||||||
| EXPENDITURE | |||||||
| Consumables | 266,950 | 206,179 | |||||
| Other external charges | 563,872 | 565,727 | |||||
| Staffcosts:- | |||||||
| Salaries and wages | 2,148,365 | 2,153,265 | |||||
| Social security | costs | 190,535 | 196,539 | ||||
| Other pension | costs | 14b | 267,741 | 331,628 | |||
| 2,606,641 | 2,681,432 | ||||||
| Depreciation and other amounts |
|||||||
| written offtangible fixed assets |
254,945 | 253,433 | |||||
| Other operating charges |
48,990 | 48,954 | |||||
| 3,741,398 | 3,755,725 | ||||||
| GENERAL FUND | |||||||
| SURPLUS/(DEFICIT) | 12a | 125,181 | ~83,567) |
| Note | 2022 | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| NKT CASH (OUTFLOW)/ INFLOW | ||||||
| FROM OPERATING ACTIVITIES | 410,435 | 49,180 | ||||
| RETURNS ON INVESTMENTS AND SERVICING | ||||||
| OF FINANCE | ||||||
| Investment income received |
1,224 | 1,318 | ||||
| Proceeds ofsale ofproperty, plant and equipment |
5,084 | |||||
| Purchase ofproperty, plant and |
equipment | (332,277) | (29,200) | |||
| (331,053) | (22,798) | |||||
| INCREASE IN CASH | B,C | 879,382 | f26,382 | |||
| NOTES TO THK CASH FLOW STATEMENT | ||||||
| A. Reconciliation ofnet income/(expenditure) |
to net | cash | inflow from operating | activities | ||
| Net income/(expenditure) for the reporting |
period | 125,181 | (83,567) | |||
| Depreciation | 254,790 | 256,669 | ||||
| Interest from investments | (1,224) | (1,318) | ||||
| Loss/(profit) on sale offixed assets |
155 | (3,236) | ||||
| Decrease / (Increase) in debtors | (63,597) | (2,408) | ||||
| (Decrease) / Increase in creditors | 95,130 | (116,960) | ||||
| Net cash inflow from operating | activities | 8410,435 | f49,]80 | |||
| B. Reconciliation ofnet cash |
outflow to | movements | in net | funds | ||
| Net funds at 31July 2021 | 971,721 | 945,339 | ||||
| Net cash(outflow)/ inflow |
79,382 | 26,382 | ||||
| Net funds at 31 July 2022 | $1,051,103 | f971,721 | ||||
| C. Analysis ofchanges in net |
funds | |||||
| 01.08.21 | Cash flow | 31.07.22 | ||||
| Cash at bank and in hand | 971,721 | 79,382 | 1,051,103 | |||
| f971,721 | f79,382 | X,1,051,103 |
| Assets under construction | Assets under construction | Not depreciated | until assets are brought | until assets are brought | into | use. |
|---|---|---|---|---|---|---|
| Land and original buildings: | No depreciation. | |||||
| School buildings: | At various rates | from 2% to 10%per annum | on historical cost. | |||
| Astroturf sport pitch: | ||||||
| Base, groundworks | and related costs | 4%per annum | on costs. | |||
| Synthetic surface | 14.29%per annum on costs. |
|||||
| Fencing and equipment | 10%per annum | on costs. | ||||
| Other sports buildings | and facilities: | At various rates | averaging | 8%per annum | on | costs. |
| Furniture and Fittings: |
20%per annum | on written | down value. | |||
| Computers: | 50%per annum | on cost | ||||
| Plant and machinery: | 20%per annum | on written | down value. | |||
| Motor vehicles: | 25%per annum | on written | down value, |
| NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | AS AT | 31JULY 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| 2. | SCHOOL FEES | |||||||||
| The Company's fee income comprised: |
||||||||||
| Prep School | 2,908,640 | 2,945,572 | ||||||||
| Pre-prep | 526,828 | 494,503 | ||||||||
| Nursery | 144,146 | 90,982 | ||||||||
| Registration fees |
4,800 | 3,000 | ||||||||
| 3,584,414 | 3,534,057 | |||||||||
| Less Covid-19 discount |
(128,577) | |||||||||
| 3,584,414 | 3,405,480 | |||||||||
| 3a. | UK INVESTMENT INCOME | |||||||||
| Bank interest | 1,224 | 1,3 1.8 | ||||||||
| 3b. | GRANTS AND DONATIONS | |||||||||
| Government Grants; Coronavirus |
lob Retention | Scheme | 56,262 | |||||||
| 56,262 | ||||||||||
| 4. | EXPENDITURE | |||||||||
| Charitable activity expenditure |
includes: | |||||||||
| Depreciation oftangible | fixed | assets | 254,789 | 256,669 | ||||||
| Loss/(profit) on disposal |
of | fixed assets | 155 | (3,236) | ||||||
| Auditors remuneration: |
||||||||||
| Audit fees | 11,000 | 10,380 | ||||||||
| Other services | ||||||||||
| Operating lease rentals |
6,962 | 7,134 | ||||||||
| The Company has professional |
indemnity | insurance | for the Governors | which costf324 | for the year | |||||
| (2021 - f324). | ||||||||||
| Total staff costs comprised: | ||||||||||
| Salaries | 2, | 148,365 | 2,153,265 | |||||||
| Social Security Costs | 190,535 | 196,539 | ||||||||
| Pension Costs | 267,741 | 33 1,628 | ||||||||
| 2,606,641 | 2,681,432 |
| ANALYSIS | OF TOTAL RESOURCES KXPKNDED | OF TOTAL RESOURCES KXPKNDED | OF TOTAL RESOURCES KXPKNDED | OF TOTAL RESOURCES KXPKNDED | 2022 | |||
|---|---|---|---|---|---|---|---|---|
| Staff | Other | 2022 | 2021 | |||||
| Costs | Costs | Depreciation | Total | Total | ||||
| Charitable activity - operation ofthe school |
||||||||
| Direct costs: | ||||||||
| Teaching and | welt'are | 2,268,223 | 288,975 | 64,970 | 2,622,168 | 2,634,609 | ||
| Premises and |
facilities | 72,409 | 401,581 | 187,207 | 661, 1')7 | 634,275 | ||
| Advertising, | marketing | and | 14,000 | 30,729 | 44,729 | 53,788 | ||
| publicity | ||||||||
| Total | 2,354,632 | 721,285 | 252, | 177 | 3,328,094 | 3,322,672 | ||
| Supportcosts: | ||||||||
| Support costs ofschooling | 242,862 | 147,871 | 2,767 | 393,500 | 377,924 | |||
| Governance costs |
9,147 | 10,657 | 19,804 | 55,129 | ||||
| Total | 252,009 | 158,528 | 2,767 | 413,304 | 433,053 | |||
| Total resources expended | 2,606,641 | 879,813 | 254,944 | 3,741,398 | 3,755,725 | |||
| ANALYSIS | OF TOTAL RESOURCES EXPENDED | 2021 | ||||||
| Charitable activity —operation ofthe school |
2021 | 2020 | ||||||
| Direct costs: | Total | Total | ||||||
| Teaching and | welfare | 2,333,091 | 236,384 | 65, | 134 | 2,634,609 | 2,608,027 | |
| Premises and |
facilities | 87,670 | 355,241 | 191,364 | 634,275 | 666,570 | ||
| Advertising, | marketing | and | 13,724 | 40,064 | 53,788 | 44,154 | ||
| publicity | ||||||||
| Total | 2,434,485 | 631,689 | 256,498 | 3,322,672 | 3,318,751 | |||
| Support costs: | ||||||||
| Support costs | ofschooling | 235,156 | 142,597 | 171 | 377,924 | 390,863 | ||
| Governance costs |
11,793 | 43,3361 | 55,129 | 33,034 | ||||
| Total | 246,949 | 185,933 | 171 | 433,053 | 423,897 | |||
| Total resources expended | 2,681,434 | 817,622 | 256,66') | 3,755,725 | 3,742,648 |
| 6.GOVERNANCE COSTS |
6.GOVERNANCE COSTS |
||
|---|---|---|---|
| Staff costs | 9,147 | 11,793 | |
| Auditors' rmnuneration: |
for audit (inclusive ofvat) | 11,000 | 10,380 |
| Legal and professional | fees | (343) | 32,956 |
| 19,804 | 55,129 |
| FIXEDASSETS | ||||||
|---|---|---|---|---|---|---|
| Freehold | Furniture | Computers | ||||
| Land & | & | Plant & | Motor | & | 2022 | |
| Buildings | Equipment | Machinery | Vehicles | Sot)ware | TOTAL | |
| COST OR VALUATION | ||||||
| As at I August 2021 |
7,634,701 | 538,279 | 652,964 | 276,542 | 4,560 | 9,107,046 |
| Additions | 243,853 | 17,433 | 15,084 | 55,907 | 332,277 | |
| Disposals | (2,642) | (2,642) | ||||
| As at 31 July 2022 | 7,878,554 | 555,712 | 665,406 | 276,542 | 60,467 | 9,436,681 |
| DEPRECIATION | ||||||
| As at I August 2021 |
1,783,339 | 432,532 | 487,475 | 214,378 | 1,710 | 2,919,435 |
| (.'harge for the year | 152,481 | 24,533 | 34,572 | 15,538 | 27,666 | 254,790 |
| Written back on | (2,487) | (2,487) | ||||
| disposal | ||||||
| As at 31 July 2022 | 1,935,820 | 457,065 | 519,560 | 229,916 | 29,376 | 3,171,738 |
| NET BOOK VALUE | ||||||
| As at I August 2021 |
5,851,362 | 105,747 | 165,489 | 62,164 | 2,850 | 6,187,612 |
| As at 31 July 2022 | 5,942,734 | 98,647 | 145,846 | 46,626 | 31,091 | 6,264,943 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 8. | DEBTORS | ||||||||
| Parents for fees and extras | 115,233 | 55,528 | |||||||
| Prepayments | 77,576 | 82,728 | |||||||
| Accrued income | 2,570 | 242 | |||||||
| Other Debtors | 6,716 | ||||||||
| 202,095 | 138,498 | ||||||||
| CREDITORS: AMOUNTS | FALLING | DUE WITHIN ONE YEAR | |||||||
| Pupils' fees received in advance |
96,705 | 57,123 | |||||||
| Deposits from parents | 17,000 | 13,500 | |||||||
| Trade creditors | 18,934 | i6,787 | |||||||
| Taxation and Social Security | 53,985 | 60,479 | |||||||
| Other creditors | 15,079 | 7,902 | |||||||
| Accruals | 95,025 | 41,786 | |||||||
| 296,728 | 197,577 | ||||||||
| CRKDITORSt AMOUNTS FALLING | DUE AFTER | ||||||||
| MORE THAN ONK YEAR | |||||||||
| Deferred income - fees received |
in advance | 12,338 | 26,609 | ||||||
| Deposits from parents | 112,750 | 102,500 | |||||||
| 125,088 | 129,109 | ||||||||
| 11. | DEFERRED INCOME | ||||||||
| Pupils fees received in advance |
are scheduled | to be applied as follows: | |||||||
| Amounts falling due within one |
year | 96,705 | 57,123 | ||||||
| Amounts falling due after one |
year within | 5 years | 12,338 | 26,609 | |||||
| Total liability due at 31st July |
2022 | 109,043 | 83,732 | ||||||
| Movement on advance on fees |
|||||||||
| Fees in advance brought forward |
at | I | August | 2021 | 83,732 | 137,052 | |||
| Amounts received for fees in advance |
in year | 87,636 | 24,706 | ||||||
| Amounts used in year against |
fees | (62,325) | (78,026) | ||||||
| Fees in advance carried forward | at 31 | July 2022 | 109,043 | 83,732 |
| NOTES TO THE FINANCIAL | NOTES TO THE FINANCIAL | NOTES TO THE FINANCIAL | STATEMENTS AS AT 31JULY 2022 | STATEMENTS AS AT 31JULY 2022 | STATEMENTS AS AT 31JULY 2022 | |||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| g | ||||||||
| 12. | ANALYSIS OF NKT ASSKTS | General | General | |||||
| Funds | Funds | |||||||
| Tangible fixed assets |
6,264,943 | 6,187,611 | ||||||
| Net current assets | 956,470 | 912,642 | ||||||
| Long term liabilities | (125,088) | (129,109) | ||||||
| 7,096,325 | 6,971,144 | |||||||
| 12(a) | FUND MOVEMENT | IN THK YEAR | ||||||
| At I August 2021 |
6,971,144 | 7,054,71 I. | ||||||
| Surplus/(Deficit) on ordinary |
activities | for | the year | 125,181 | (83,567) | |||
| At 31 July 2022 | 7,096,325 | 6,971,144 | ||||||
| 13. | GUARANTORS' LIABILITY |
|||||||
| In the event ofthe Company | being wound | up, the liability ofeach ofthe guarantors | is | |||||
| limited to 8I. | ||||||||
| 14. | COMMITMENTS | |||||||
| a. Capital commitments |
||||||||
| At 31 July 2022, capital | expediture | commitments | were as follows: | |||||
| 6258,408 | KNil |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Amounts | due | within one year | 6,938 | 5,589 |
| Amounts | due | between two and five years | 10,620 | 14,832 |
| 17558 | 20241 |