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2023-07-31-accounts

WIMBORNE

Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

Contents

Page 1-11 Report ofthe Governing Body
12-15 Independent Auditors' Report
16 Statement ofFinancial Activities
17 Income andExpenditure Account
18 Balance Sheet
19 CashFlow Statement
20-28 NotestotheFinancialStatements

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Dumpton School Deans Grove House

Wimborne, Dorset BH21 7AF

01202 883818 office@dumpton.com www.dumpton.com

Registered in England and Wales No, 936623 Registered Office; Deans Grove House, Wimborne,Registered CharityDorset, No.BH2!3062227AF

Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

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The Governors of Dumpton School (the “School”) present their annual report and audited accounts for the year ending 31 July 2023, incorporating their Directors’ and Strategic Reports under the Companies Act 2006; and confirm they comply with the requirements of the Charities Act 2011, the School’s Memorandum and Articles ofAssociation and the SORP Accounting and Reporting by Charities (FRS102). Under the terms ofthe Articles of Association, the School is managed by a governing body (the “Governing Body”) of not less than five and no more than twenty members (“Governors”).

AIMS & OBJECTIVES

The School aims to educate children in a safe, supportive, caring environment, within a framework of Christian values, stressing the importance of teamwork, good manners and mutual respect at all times. We help pupils develop a clear sense of right and wrong, to become confident communicators and to appreciate the importance of family, integrity and ambition.

Given the excellent facilities and high staff to pupil ratio, the School is well placed to aim for high academic and extra-curricular standards. Our School motto ‘You can because you think you can’ is the cornerstone of teaching at Dumpton. All our pupils are expected and encouraged to fulfil their potential and we set appropriate expectations for each pupil both inside and outside the classroom. This approach results in success beyond the exam room and recognition by future schools through the significant number of scholarships being awarded each year.

Additionally, we aim to provide our staff with continual opportunities to develop to the benefit of both the School and themselves. We recognise the benefit derived from investing in people through training and development to improve efficiency and quality of service.

The School is also aware of its place in the local community and offers many opportunities to support local organisations (for example state schools, sports clubs and church youth groups) through the sharing of facilities and expertise at no (or minimal) cost.

Key objectives are:

In setting objectives, the Governors have also complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to the general guidance published by the Charity Commission on public benefit and, in particular, to its supplementary public benefit guidance on advancing education and fee-charging.

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

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ETHOS

Our main school rule ‘Treat others as you would expect to be treated’ underpins the moral code that is constantly modelled, taught and embraced here at Dumpton. This is a nurturing school, and we encourage pupils to develop kindness, empathy and emotional intelligence. In addition, the School motto ‘You can because you think you can’ lies at the cornerstone of all we do: we do not set ceilings for our pupils, our staff or the School. We aim for pupils to develop their character here at Dumpton and hope to prepare them to face the challenge of senior school and adult life with ambition and self-belief. We summarise this ethos for our pupils with our two core values: Be Kind and Aim High.

We seek breadth of opportunity in an attempt to find the strengths of each child and then pursue excellence in all areas, both inside and outside the classroom. The wealth of academic, sporting, and creative opportunities is supplemented by a wide range of other activities. These may be on-site, for example using the allotments, science trail, campsite or prehistoric garden, or off-site, on one of the many educational visits undertaken at all levels in the School.

The School is a charitable company, which seeks to benefit the public through its stated aims and objectives. Our fees are set at a level to ensure the financial viability ofthe School while maintaining a first-class education for the pupils.

The School welcomes pupils from all backgrounds. To admit a prospective pupil, we need to be satisfied that the School will be able to educate and develop the pupil to their best potential and in line with the general standards achieved by existing pupils at the School. We are committed to complying with all equality legislation in our assessment procedures. We are an equal opportunity organisation and are committed to a working environment that is free from any form of discrimination on the grounds of the protected characteristics under equality legislation. We will make reasonable adjustments to meet the needs of staff or pupils who become disabled.

The School is committed to safeguarding and to promoting the welfare of our pupils and expects all staff to share this commitment. In the last Independent Schools’ Inspectorate Report pastoral structures were deemed excellent.

STRATEGIC REPORT

Achievements and Performance

Academic

The School is quietly proud of its academic record borne out by its excellent success rate in Common Entrance, Grammar School Entrance and Scholarship.

Achievements in the past year included:

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

Performing Arts

Performing Arts lessons are taught to every child throughout the schoo! with Music and Dance specialists providing the curriculum in the Nursery and Pre-Prep and all Prep School pupils receiving specialist music and drama lessons each week. All children are involved in a production each year and last year’s shows included a fully staged and produced performance of Matilda Jr. by Year 6 and Year 7, as well as Christmas plays for Nursery to Year 3, a special Alice in Wonderland performance from Year 3 for the parents’ afternoon and The Worst Witch from Year 4 and 5 which had been adapted and composed by our own member of staff.

We facilitate just over 200 individual music lessons each week from a team of 10 peripatetic musicians and for those wanting to specialise their drama, 4 peripatetic LAMDA teachers offer group lessons to pupils from Year 4 and up, and after school 'Dramarama' clubs to Years | to 3. As well as an instrumental starter scheme for Year 2 pupils, our music staff offer a weekly ensemble schedule including Senior Choir, Symphony Orchestra, Clarinet Choir, Guitar Club, Junior and Senior String Groups and a Year 8 rock band. Our specialist dance teacher offers a Pre Prep and Prep School dance club each week. Potential music, drama or performing arts scholars can enjoy a specialist session each week during 'Hobbies'.

Musical performances are offered each term for soloists and ensembles and many participate in weekly performing arts assemblies. The ‘Spring Spectacular’ offered musical and dramatic performances from every child in the Pre-Prep and Prep School and in the same term, our House Music Festival gave every child a chance to perform for their house as a soloist, alongside the House singing competition. The Summer term brought musical concerts from all children in the Nursery and Pre-Prep and the finale of the year was Speech day which celebrated all choirs from Reception to Year 5 singing a piece together, the senior choir performing and cello soloists from Year 8.

Dumpton performers have also enjoyed a year of exam success with 100% pass rate in exams from ABRSM, Trinity, Rock school and LAMDA. A large proportion of these exams have been awarded either merits or distinctions.

Sport

The School’s policy is to get as many children representing the School as possible, playing at a level that will build a love of sport, and exercise, and hence boost self-esteem. We try to be inclusive, recognising that children of all abilities need to be challenged appropriately to allow them to develop their full potential. To achieve this, up to 25 fixtures a week are arranged, with Years 3 and 4 on Tuesdays and Years 5 to 8 on Wednesdays.

The fixture list we arrange for our teams is very challenging, including fixtures against many much bigger schools, and it is designed to help pupils learn both how to win and lose. We still feel it is appropriate to celebrate success when it is forthcoming, partly because it is so hard won. However, we will always put the level of performance above the final result. This has led to some very high-level sports teams and very highlevel individuals:

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

Team and School Achievements 2022-23

Swimming

@ Ul11 Girls National Finalist

Netball

e U13A 2nd place in PEDSSA

Football

Hockey

Cross Country PEDSSA

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Athletics Junior Wessex -

Senior Wessex + Nationals

Outdoor Education

Outdoor Education has been included as part of the curriculum for all children in Year 3 to Year 6, as well as weekly Forest School sessions for Nursery through to Year 2.

There are residential camping and adventure trips with logical progression from Year 3 to Year 8, with Year 3 and Year 4 pupils all getting the chance to camp on the school ground overnight.

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023 a

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The orchard has been very fruitful and the gathering of the harvest and the pressing of fresh apple juice has become a popular yearly tradition with children and parents.

The allotments are productive and popular with children at lunchtimes and after school hobbies. We have successfully hatched our own Indian Runner Ducks. We now have a second healthy flock of 8 Dumpton ducks. Eggs have been sold at the gate to parents for charitable causes.

The outdoor learning spaces have been improved with the addition of oak benches and seating produced by a local company using a dead oak stump from the Dumpton grounds — in keeping with our ecological and local responsibilities. The seating under the Outdoor Education parachute shelter is the main teaching space for bushcraft skills and has been well used for staff and parent social events.

Financial Review

Review of Financial Transactions and Position

The School reported an operating surplus for the year of £4,233 (2022: £125,181).

Total incoming resources were £4,166,648 (2022: £3,866,159) and resources expended were £4,162,415 (2022: £3,741,398), giving a total net surplus of £4,233 (2022: £125,181) and after the charge for depreciation of £273,978 (2022: £254,945). The total gross cost of employing staff, including both direct and indirect costs was 73% (2022: 73%) of resources expended. At the end of the year the net assets of the School were £7,100,558 (2022: £7,096,325).

The average number of pupils attending the School during the year was 274 (2022: 259), of which 199 (2022: 192) were preparatory and 75 (2022:67) pre-preparatory, in addition to those attending the nursery whose numbers reached 65 at the end of the year.

Plans for Future Periods

In ine with our objectives, we aim to develop the School’s facilities and projects for the short term by:

Further links with the wider community are also planned, including expanding activities with local state primary schools and sports clubs.

All significant developments in the School are made with reference to the School Development Plan, which is reviewed on a regular basis by the Governors, Headmaster, Bursar and Senior Management Team.

Principal Risks and Uncertainties

The Governors regularly review the major risks to which the School might be exposed and have established procedures to mitigate the risks identified.

The key risks are identified as:

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

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The key controls used by the School to mitigate the risks identified include:

COMMUNITY LINKS

The School actively promotes its public benefit responsibilities to the community in a tangible way through supporting a range of community activities, which is in line with current legislation. We also aim to contribute towards the success of local charities through participation in their activities and offer the use of the School’s facilities when reasonable requests are made. The School endeavours to be a ‘good neighbour’ through applying our well-developed environmental and community cohesion policies which commit us to taking all reasonable precautions to ensure that our activities have minimal adverse effects.

Examples of Community Links during 2022-23 include:

ENVIRONMENTAL

Examples of environmental initiatives include:

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

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RESERVES AND FEES POLICIES

e Assistance with Fees Policy

The School has an Assistance with Fees Policy which recognises the need to widen access. This policy makes provision for assisted places, bursaries and scholarships and in addition offers discounts to families which have more than one child at the School. We generally advertise the availability of assistance with fees when we advertise in the local press. To help with financial planning for parents, a school fees plan is available to help those who wish to fund educational costs through monthly contributions.

e Assisted Places and Bursaries

The Governors view the bursary and assisted places award schemes as important in helping to ensure that children from families who would otherwise not be able to afford fees can access the education we offer. Bursaries may be awarded for existing pupils where a change in parents’ or guardians’ circumstances has resulted in difficulty in meeting tuition fees, which might result in the child being withdrawn part way through a stage of education which would not be in the pupil’s best interests. Assisted Places may be awarded where a new applicant to the School has been offered a place but parents or guardians are unable to fund the tuition fees.

In assessing means we take a number of factors into consideration, including family income, investments, savings and family circumstances, for example, dependant relatives and the number of siblings. However, the School does not have an endowment and in funding our awards we have to be mindful that we must ensure a balance between fee-paying parents, many of whom make considerable personal sacrifices in funding their child’s education, and those benefiting from the awards.

e Sibling Policy

To underline the value we place on continuity for families, we offer discounts when parents have more than one child in the School.

e Scholarship Policy

From time-to-time we may award scholarships to recognise very high academic potential or excellence in extra-curricular activities. Where further assistance is required, scholarship awards may be supplemented by a means- tested bursary.

e Assistance for our Teaching Staff

As part of our emphasis on attracting and retaining high-calibre staff, we offer a discount scheme when staff members choose to educate their children at the School.

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

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The Governors’ long-term aim is to establish sufficient free reserves to ensure continuity in the event of a large variation in income. The principal assets are the School premises. Surpluses on general funds have been applied towards the acquisition and development of land, buildings and equipment in order to improve the School’s facilities,

The School’s total reserves of £7,100,558 at the year-end include £6,393,837 of fixed assets which leaves available reserves of £706,721 to fund short-term operating costs, a decrease of £124,661 compared to previous year.

The Governing Body continues to keep the financial resources under review to ensure that they remain adequate to cover the Company’s working capital requirements. The Governors have agreed a target minimum level of cash reserve of £750,000. The Governors have been able to use the School’s reserves to fund the development programme.

ACCOUNTING AND REPORTING RESPONSIBILITIES

The Governors, who are also directors of Dumpton Schoo! for the purpose of Company law are responsible for preparing the Annual! Report incorporating the Strategic Report and Directors’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Governors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the School and the incoming resources and application of resources including the income and expenditure of the charitable company for that period. In preparing these financial statements the Governors are required to:

The Governors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the School and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the School and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In determining how amounts are presented within items in the financial statements, the Governors have had regard to the substance of the reported transaction or arrangement, in accordance with generally accepted accounting principles or practice.

So far as each of the Governors is aware at the time the Report is approved:

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

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STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The School is a company limited by guarantee which was incorporated on 2 August 1968, registered in England and Wales Company No 936623, and is registered with the Charity Commission, Charity No 306222. The governing document comprises the Memorandum and Articles ofAssociation dated 2 August 1968 as amended by special resolution dated 16 October 1992, unanimous written resolution dated 13 August 2004 and unanimous written resolution dated 11 October 2010.

As the School is a company limited by guarantee, no Governor has any interest in the capital.

Appointment and Induction of Governors

Every Governor appointed (or re-elected) shall hold office for a period of three years unless or until he or she is removed before expiry of that period in any manner provided by the Articles of Association. At the expiry of a Governor’s period of office, an outgoing Governor may, if willing, be eligible for reappointment unless otherwise disqualified from being a Governor. The Governing Body may fill a casual vacancy or appoint an additional Governor at any time.

Potential Governors are interviewed by the Chairman, two independent Governors and the Headmaster before appointment. New Governors are inducted into the workings of the Charity, including Board policy and procedures, by the Chairman, who arranges for the provision of an information pack which includes copies of the financial statements, minutes of Governors’ meetings and the handbook published by the Association of Governing Bodies of Independent Schools. Neither the Governors nor persons connected with them received any remuneration or reimbursed travel expenses during the year except for H Cocke who received £592 travel expenses (2022: £55).The Governors’ have undertaken an assessment of their compliance with the Charity Code of Governance.

The skills base ofthe Governing Body is regularly reviewed and this is taken into account when new Governors are sought. Where possible the Governors consider that the skills and experience of the Governing Body should comprise the following:

Organisation Structure

The Governors determine the policies of the School which are carefully considered and regularly reviewed in full meetings of the Governing Body. They may delegate any of their powers to the Finance and General Purposes Committee, the Communications Committee and the Education and Safeguarding Committee. Otherwise, day to day management is delegated to the Headmaster and his senior management team. The Governors meet three times a year and the committees meet on a regular basis throughout the year. The Governors consider that the Headmaster and Bursar comprise the key management personnel ofthe School in charge of directing and controlling, running and operating the School on a day-to-day basis. The remuneration of the key management is set by reference to key posts in the maintained and independent schools’ sectors and is reviewed annually.

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

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Governors and Charity Trustees

HD Cocke
B Davies		 HD Cocke
B Davies		 (Chair)
(Vice-Chair)		 alaid
*
C J Culley (Chair ofF&GP) *
DrR Skule
NL Hunter (Chair ofESC) adil
M Deketelaere (Appointed 19 June 2023) ld
C Jarrold *
S West *
A Van Wensveen +
J Offer
- J Clough
* Member ofthe Finance and General Purposes Committee (F&GP)
* Member ofthe Communications Committee (CC)
*** = Memberofthe Education and Safeguarding Committee(ESC) (ESC)
Head C SaengerBA QTS
Bursar JPerryFCCA
Bankers LloydsBankple
Ferndown Branch
PO Box 1000
BX1 1LT
Savings Accounts Teachers Building Society
Allenview House
Hanham Road
Wimborne
Dorset BH21 1AG
Auditors Fletcher& Partners
Chartered Accountants
Crown Chambers
Bridge Street
Salisbury
Wiltshire
SP1 2LZ
Insurance Brokers Hayes Parsons Broker Insurance Marsh Ltd
Beacon Tower Capital House
Colston Street 1-5 PerrymountRoad
Bristol Haywards Heath
BS1 4XKE West Sussex
PO! 1DU
Solicitors Wilsons SolicitorsLLP
Alexandra House
St Johns Street
Salisbury
Wiltshire
SP12SB

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

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This Annual Report including the Strategic Report was approved by the Governors on Su Veenhe ; and signed on its behalf by:

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H Cocke
Chairman of the Governing Body
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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

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INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF DUMPTON SCHOOL

Company Number 936623 (England and Wales)

OPINION

We have audited the financial statements of Dumpton School (the charitable company) for the year ended 31 July 2023 which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet, the Cash Flow Statement, and the related notes, set out on pages 20 to 28, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the Governors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Governors with respect to going concern are described in the relevant sections in this report.

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INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF DUMPTON SCHOOL- continued

OTHER INFORMATION

The other information comprises the information included in the Governors' Annual Report, other than the financial statements and our auditors’ report thereon. The Governors are responsible for the other information contained in the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light ofthe knowledge and understanding ofthe charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Governors’ Annual Report including the Directors’ Report and Strategic Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF THE GOVERNORS

As explained more fully in the Governors' Responsibilities Statement, set out on page 8, the Governors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

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INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF DUMPTON SCHOOL- continued

RESPONSIBILITIES OF THE GOVERNORS (cont.)

In preparing the financial statements, the Governors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Governors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

AUDITORS’ RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

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There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify noncompliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our. auditors’ report.

USE OF OUR REPORT

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 ofthe Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our audit work, for this report or for the opinions we have formed.

TRALO aH S ' Nicola Halls (Senior Statutory Auditor) Crown Chambers for and on behalf of Fletcher & Partners, Statutory Auditor Bridge Street ohm Fobra wry Salisbury SP12LZ

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Dumpton School Governors' Annual Report and Financial Statement For the Year Ending 31 July 2023

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STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 JULY 2023

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|||||||| |---|---|---|---|---|---|---| |Total|Total| |Note|2023|2022| |£|£| |INCOME|FROM:| |Charitable|activity|-|operation|of the|school| |Pupils|fees|2|3,861,243|3,584,414| |Pupils|extras|and|disbursements|recovered|78,638|68,425| |Early|Years|Funding|103,487|105,904| |School|bus|service|59,104|54,105| |Holiday|Activities|39,200|40,919| |Lettings|7,855| |Investment|3a|6,136|1,224| |Other|10,985|11,588| |TOTAL INCOME|4,166,648|3,866,579| |EXPENDITURE|ON:| |Charitable|activities| |Costs of operation|of the|School|5/5a|4,162,415|3,741,398| |TOTAL EXPENDITURE|4,162,415|3,741,398| |NET INCOME/(EXPENDITURE) FOR THE YEAR|£4,233|£125,181| |FUND BALANCES AT|1 AUGUST 2022|12a|7,096,325|6,971,144| |FUND BALANCES AT 31 JULY 2023|12a|7,100,558|7,096,325|

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All income and expenditure derive from continuing activities

The notes on pages 20 to 28 form part of these financial statements

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Dumpton School Governors’ Annual Report and Financial Statement For the Year Ending 31 July 2023

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INCOME AND EXPENDITURE ACCOUNT

FORTHE THEYEARENDED 31 JULY 2023 THEYEARENDED 31 JULY 2023
Notes 2023 2022
£ £ £ £
TURNOVER
Pupils fees 2 3,861,243 3,584,414
EarlyYears Funding 103,487
Pupils extras and disbursements recovered 78,638 68,425
4,043,368 3,758,743
OTHEROPERATING INCOME
School bus income 59,104 54,105
Interest receivable 3a 6,136 , 1,224
Lettings 7,855
Miscellaneous income 50,185 52,507
TOTALINCOME 4,166,648 3,866,579
EXPENDITURE 4
Consumables 297,467 266,950
Otherexternalcharges 646,538 563,872
Staffcosts:-
Salaries andwages 2,390,625 2,148,365
Social security costs 205,478 190,535
Other pension costs 284,611 267,741
2,880,714 2,606,641
Depreciation and other amounts
written offtangible fixed assets 274,723 254,945
Otheroperating charges 62,973 48,990
TOTALEXPENDITURE 5 4,162,415 3,741,398
GENERAL FUND
SURPLUS/(DEFICIT) 12a 4,233 125,181

The notes on pages 20 to 28 form part of these financial statements

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Dumpton School Governors’ Annual Report and Financial Statement For the Year Ending 31 July 2023

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BALANCE SHEET

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|||||| |---|---|---|---|---| |FOR THE|YEAR ENDED|31|JULY|2023| |Company|Registration|Number:|936623| |Notes|2023|2022| |£|£|£|£| |FIXED|ASSETS| |Tangible|Assets|7|6,393,837|6,264,943| |CURRENT|ASSETS| |Debtors|8|174,790|202,095| |Cash|at bank and|in hand|1,016,318|1,051,103| |1,191,108|1,253,198| |CREDITORS:|Amounts|falling due| |within|one year|9|(253,587)|(296,728)| |NET CURRENT ASSETS|937,521|956,470| |TOTAL ASSETS|LESS CURRENT| |LIABILITIES|7,331,358|7,221,413| |CREDITORS:|Amounts|falling|due| |after more than one year|10|(230,800)|(125,088)| |TOTAL NET ASSETS|12a|7,100,558|7,096,325| |TOTAL GENERAL FUNDS|12a|7,100,558|7,096,325|

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LCowesThe financial/S¢C.statements2023 and were were approved sig a n edd authoris on its b e halfd for issue by: by the Governing Body on

CJ Culley

Chair of the Finance and General Purposes Committee,

The notes on pages 20 to 28 form part of these financial statements

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Dumpton School Governors’ Annual Report and Financial Statement For the Year Ending 31 July 2023

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CASH FLOW STATEMENT FOR THE YEAR ENDING 31 JULY 2023

Note 2023 2023 2022
CASHFLOWFROM OPERATING £ £
£		 £
ACTIVITIES A 362,696 410,435
CASHFLOWFROMINVESTING
ACTIVITIES
Investment income received 6,136 1,224
Purchaseofproperty, plant and equipment (403,617) (332,277)
(397,481) (331,053)
CHANGEINCASHAND B,C (£34,785) £79,382
CASHEQUIVALENTS
NOTES TOTHE CASHFLOW STATEMENT
A.
Reconciliation ofnet income/(expenditure)		 to netcash inflow from operating activities
Net income/(expenditure) forthe reporting period 4,233 125,181
Depreciation 273,978 254,790
Interest from investments (6,136) (1,224)
Loss/(profit) on sale offixed assets 745 155
Decrease / (Increase) in debtors 27,305 (63,597)
(Decrease) /Increase in creditors 62,571 95,130
Netcash providedby(used in)fromoperatingactivities £362,696_ £410,435
B.
Reconciliation ofnet cash outflow to		 movements in cash and cash equivalents
Cash and Cash equivalents at 31 July2022 1,051,103 971,721
Netcash(outflow)/inflow (34,785) 79,382
Cash and Cash equivalents at31 July2023 £1,016,318 £1,051,103
C.
Analysis ofchanges in net funds
01.08.22 Cash flow 31.07.23
Cash and Cashequivalents 1,051,103 (34,785) 1,016,318
£1,051,103 (£34,785) £1,016,318

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 JULY 2023

1. ACCOUNTING POLICIES

The private company limited by guarantee is incorporated in England. The address of the registered office is Deans Grove House, Wimborne, Dorset, BH21 7AF. The accounts are presented in Sterling. The School constitutes a public benefit entity as defined by FRS 102.

The governors consider that there are no material uncertainties about the School's ability to continue as a going concern. The most significant area of future uncertainty is maintaining the level of pupil numbers. In the Governors’ opinion there are no significant judgements that affect the reported amounts of assets.

In the view of the governors, no assumptions concerning the future or estimation uncertainty affecting assets or liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the School’s financial statements.

Amounts received under the School’s Fees in Advance Agreements for education not yet utilised to settle school fees are recorded as deferred income and allocated as current liabilities where the education will be provided within 12 months from the reporting date and as long-term liabilities where the education will be provided in subsequent years.

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

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NOTES TO THE FINANCIAL STATEMENTS AS AT 31 JULY 2023 — continued

Grants and Donations receivable for general purposes are credited to Unrestricted Income when entitlement arises the amount can be quantified and when receipt is probable. Donations for purposes restricted by the wishes of the donor are taken to Restricted Funds. Investment income represents bank interest receivable in the period.

Expenditure is accounted for on an accruals basis. Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Other expenditure is apportioned across cost categories depending on an estimate of the time spent by staff on those activities. Support costs are the administrative costs incurred to enable the School to carry out the one charitable activity. The School is not registered for VAT and all costs include VAT where this has been charged.

Governance costs comprise the costs of audit, legal and professional advice and compliance with constitutional and statutory requirements. They include a proportion of the salaries of members of staff who are engaged in these activities, apportioned on the basis of time spent. They are included within support costs.

Expenditure on furniture, computers, plant and machinery and motor vehicles costing more than £2,000 is capitalised. Depreciation is provided on fixed assets at the following annual rates in order to write off each asset over its useful life.

;

The carrying value of fixed assets are reviewed for possible impairment annually, while all assets are reviewed whenever events or changes in circumstances indicate that the carrying value of those assets may not be recoverable. If assets are determined to be impaired, the carrying amounts of those assets are written down to their recoverable amount, being the higher of net realisable value and value in use. Impairment charges are reported within depreciation.

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Assets|under|construction|Not depreciated|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.|

----- End of picture text -----

No depreciation has been charged on freehold land and the original buildings as the Governors are of the opinion that their residual value is at least equal to book value.

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: Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

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NOTES TO THE FINANCIAL STATEMENTS AS AT 31 JULY 2023 — continued

The charity has no stocks as consumable stores are written off as purchased.

Cash at bank and in hand includes cash and cash on deposit.

j. Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

k. Financial Instruments

The School only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments such as trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

m. Leased Assets

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against income as incurred.

n. Pension Costs

Teaching staff are eligible for membership of the Teachers’ Pension Scheme, which is a national statutory contributory unfunded defined benefit scheme administered by the Teachers’ Pension Agency, an executive agency of the Department for Education. Pension costs are assessed in accordance with the advice of the Government Actuary. The Scheme is a multi-employer scheme so the Company is unable to identify its share of the underlying assets and liabilities. Under FRS 102 the Company therefore accounts for the Scheme as if it were a defined contribution scheme.

The Company also contributes to a number of defined contribution pension schemes for those members of staff who are not eligible for or opt out of to the Teachers’ Pension Scheme. The assets of these schemes are held separately from those of the Company, being invested with insurance companies.

Pension costs charged in the Statement of Financial Activities represent the contributions payable by the company in the year.

o. Taxation

No provision is required for Corporation Tax or Deferred Tax as the Company is a registered charity.

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Governors' Annual Report and Financial Statement For the Year Ending 31 July 2023

Dumpton School

Dumpton School
Governors' Annual Report andReport andand Financial Statement
For the Year Endingthe Year EndingYear EndingEnding 31 July 20232023		 Dumpton School
Governors' Annual Report andReport andand Financial Statement
For the Year Endingthe Year EndingYear EndingEnding 31 July 20232023		 Dumpton School
Governors' Annual Report andReport andand Financial Statement
For the Year Endingthe Year EndingYear EndingEnding 31 July 20232023		 Dumpton School
Governors' Annual Report andReport andand Financial Statement
For the Year Endingthe Year EndingYear EndingEnding 31 July 20232023		 Dumpton School
Governors' Annual Report andReport andand Financial Statement
For the Year Endingthe Year EndingYear EndingEnding 31 July 20232023
eee
NOTESTOTHEFINANCIALSTATEMENTSASAT31JULY2023 2023
2023
£		 2022
£
2. SCHOOL FEES
The Company's feeincome comprised:
Prep School 3,081,337 2,908,640
Pre-prep 648,758 526,828
Nursery 125,498 144,146
Registration fees 5,650 4,800
3,861,243 3,584,414
3a. UKINVESTMENTINCOME
Bank interest 6,136 1,224
4. EXPENDITURE
Charitable activity expenditure includes:
Depreciation oftangible fixed assets 273,978 254,789
Loss/(profit) on disposal offixed assets 745 155
Auditors remuneration:
Auditfees 11,200 11,000
Other services 560 -
Operating lease rentals 4,288 6,962
TheCompany has professional indemnity insurance fortheGovernorswhichcost£324for
(2022 - £324).		 fortheyear
Total staffcosts comprised:
Salaries 2,390,625 2,148,365
Social Security Costs 205,478 190,535
PensionCosts 284,611 267,741
2,880,714
——————————		 2,606,641
———————————

The average number of employees in the year was 95 (2022 - 88), of which 63 were teaching staff (2022 - 57)

The number of higher paid employees: £60,000 - £70,000 l The number of higher paid employees: £70,000 - £80,000 1 J The number of higher paid employees: £80,000 - £90,000 l

Pension contributions of £13,547 (2022: £13,150) were paid for the highest paid employee. In addition to the above payments, the School provides fee remission to teaching and some senior staff typical for the indpendent sector.

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Dumpton School Governors' Annual Report and Financial Statement For the Year Ending 31 July 2023

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NOTES TO THE FINANCIAL STATEMENTS AS AT 31 JULY 2023

4, EXPENDITURE CONTINUED

The executive management of the School is delegated by the Governors to the Head with financial management and administration in the hands of the Bursar which are considered to be the key management personnel of the School. The total cost of these two employees during the year was £194,652 (2022:£184,805)

5, ANALYSIS OFTOTALRESOURCES EXPENDED ANALYSIS OFTOTALRESOURCES EXPENDED ANALYSIS OFTOTALRESOURCES EXPENDED 2023
Staff Other 2023 2022
Costs Costs Depreciation Total Total
£ £ £ £ £
Charitable activity - operation ofthe school
Direct costs:
Teaching and welfare 2,522,339 370,616 65,728 2,958,683 2,622,168
Premises and facilities 78,402 422,336 204,723 705,461 661,197
Advertising, marketing and 13,724 55,458 - 69,182 44,729
publicity
Total 2,614,465 848,410 270,451 3,733,326 3,328,094
Support costs:
Support costs ofschooling 256,657 136,766 3,527 396,950 393,500
Governance costs 9,592 22,547 - 32,139 19,804
Total 266,249 159,313 3,527 429,089 413,304
Total resources expended 2,880,714 1,007,723 273,978 4,162,415 3,741,398
5.aANALYSIS ANALYSIS OFTOTALRESOURCESEXPENDED 2022
Charitable activity - operation ofthe school 2022 2021
Direct costs: Total Total
£ £
Teaching and welfare 2,268,223 288,975 64,970 2,622,168 2,634,609
Premises and facilities 72,409 401,581 187,207 661,197 634,275
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
Support costs:
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
Totalresourcesexpended 2,606,641 879,813 254,944 3,741,398 3,755,725

Support costs are the administrative costs incurred to enable the School to carry out the one charitable activity

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Dumpton School

Governors’ Annual Report and Financial Statement For the Year Ending 31 July 2023

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NOTES TO THE FINANCIAL STATEMENTS AS AT 31 JULY 2023

6.GOVERNANCE COSTS 6.GOVERNANCE COSTS £ £
Staffcosts 9,592 9,147
Auditors' remuneration: for audit (inclusive ofvat) 11,200 11,000
Legal and professional fees 11,347 (343)
32,139 19,804

RELATED PARTY TRANSACTIONS

During the year one Governor had children at the School and fees paid were in accordance with school policy. Neither the Governors nor persons connected with them received any remuneration or reimbursed travel expenses during the year except for one governor who received travel expenses of £592 (2022:£55, one governor).

7. FIXED ASSETS

7. FIXED ASSETSFIXED ASSETSASSETS
Freehold Furniture Computer
Land& & Plant& Motor & 2023
Buildings Equipment Machinery Vehicles Software TOTAL
£ £ £ £ £ £
COST
As at 1 August 2022 7,878,554 555,712 665,406 276,542 60,467 9,436,681
Additions 290,577 13,930 79,871 - 19,239 403,617
Disposals (37,859) - (7,003) - (44,862)
As at 31 July2023 8,131,272 569,642 738,274 276,542 79,706 9,795,436
DEPRECIATION
As at 1 August 2022 1,935,820 457,065 519,560 229,916 29,376 3,171,738
Charge for the year 162,584 22,338 42,139 11,647 35,270 273,978
Written back on (37,859) - (6,258) - (44,117)
disposal
As at 31 July2023 2,060,545 479,403 555,441 241,563 64,646 3,401,599
NET BOOK VALUE
As at
1 August 2022		 5,942,734 98,647 145,846 46,626 31,091 6,264,943
Asat31July2023 6,070,72790,239 90,239__ __182,833 __34,979_ 15,060 6,393,837

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Dumpton School Governors’ Annual Report and Financial Statement For the Year Ending 31 July 2023

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NOTES TO THE FINANCIAL STATEMENTS ASAT 31 JULY2023
2023 2022
£ £
8. DEBTORS
Parents for fees and extras 105,977 115,233
Prepayments 62,578 77,576
Accrued income 3,781 2,570
Other Debtors 2,454 6,716
174,790 202,095
9. CREDITORS: AMOUNTSFALLINGDUE WITHINONE YEAR
Pupils' fees received in advance 71,701 96,705
Deposits from parents 13,500 17,000
Trade creditors 37,710 18,934
Taxation and Social Security 60,439 $3,985
Othercreditors
Accruals		 32,816
37,421		 15,079
95,025
253,587 296,728
10 * CREDITORS:AMOUNTSFALLINGDUEAFTER
_MORETHANONE YEAR
Deferred income - fees received in advance 111,550 12,338
Deposits from parents 119,250 112,750
230,800 125,088
11. DEFERREDINCOME
Pupils fees received in advance are scheduled to be applied as follows:
Amounts falling duewithin one year 71,701 96,705
Amounts falling due after one yearwithin 5 years 111,550 12,338
Total liability due at 31st July2023 183,251 109,043
Movement on advance on fees
Fees in advance brought forward at 1 August2022 109,043 83,732
Amounts received for fees in advance in year 174,066 87,636
Amounts used inyear against fees (99,858) (62,325)
Feesinadvancecarriedforwardat31July2023 183,251 109,043

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Dumpton School Governors' Annual Report and Financial Statement For the Year Ending 31 July 2023

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NOTESTO THE FINANCIAL STATEMENTSAS AT 31 JULY 2023 NOTESTO THE FINANCIAL STATEMENTSAS AT 31 JULY 2023
2023
£		 2022
£
12. ANALYSISOFNETASSETS General General
Funds Funds
Tangible fixed assets 6,393,837 6,264,943
Net current assets 937,521 956,470
Longterm liabilities (230,800) (125,088)
7,100,558 7,096,325
12(a) FUND MOVEMENT INTHEYEAR
At August 2022 7,096,325
Surplus/(Deficit)on ordinary activities for the year 4,233 125,181
At31 July 2023 7,100,558 7,096,325
13. GUARANTORS' LIABILITY
In the event oftheCompany beingwound up, the liability of each ofthe guarantors is
limited to £1.
14, COMMITMENTS
a.
Capital commitments
At31 July 2023, capital expediture commitments were as follows:
£NIL £258,408

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Dumpton School Governors’ Annual Report and Financial Statements For the year ending 31 July 2023

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eee SSNOTES TOEE THE FINANCIALANCIAL STATEMENTSSIALEMENTS ASAS ATAT 3131 JULYJULY 20232023 -- continuedcontinued

b. Pension Schemes The School participates in one defined benefit scheme and three defined contribution schemes.

(i) Defined Benefit Scheme

The School participates in the Teachers’ Pension Scheme (“the TPS”) for its teaching staff. The pension charge for the year includes contributions payable to the TPS of £95,435 (2022: £118,215) and at the year-end £0 (2022 - £0) was accrued in respect of contributions to this scheme.

The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers’ Pensions Regulations 2010 (as amended) and The Teachers’ Pension Scheme Regulations 2014 (as amended). Members contribute on a “pay as you go” basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the Government Actuary’s Department. The most recent actuarial valuation of the TPS was prepared as at 3! March 2020 and the Valuation Report, which was published in October 2023.

Following the McCloud judgement, the remedy proposed that when benefits become payable, eligible members can select to receive them from either the reformed or legacy schemes for the period | April 2015 to 31 March 2022. The actuaries have assumed that members are likely to choose the option that provides them with the greater benefits, and in preparing the 2020 valuation have valued the ‘greater value’ benefits for groups of relevant members.

The valuation confirmed that the employer contribution rate for the TPS would increase from 23.6% to 28.6% from | April 2024. Employers are also required to pay a scheme administration levy of 0.08% giving a total employer contribution rate of 28.68%.

(ii) Defined Contribution Pension Schemes The Company contributes to three defined contribution schemes on behalf of teaching and support employees. From the | September 2021 the teaching staff were all eligible to join the Dumpton School Teachers Pension Scheme (DSTPS) that is a defined contribution scheme with Legal and General.

During the year to 31 July 2023 the pension cost charge for teaching amounted to £161,318 (2022 - £124,389) and for support staff £27,858 (2022 - £26,270). Contributions totalling £0 (2022 - £0) were payable to the schemes at the year-end 31 July 2023.

Cc.
LeaseCommitments—OperatingLeases
At 31 July 2023, the total offuture minimum leasepayments undernon-cancellable operating leases,
in respect ofequipment, was as follows:
Amounts
duewithinoneyear
Amounts duebetweentwoandfiveyears		 2023
5,112
20,280		 2022
6,938
10,620
25,392 17,558

The amounts charges as an expense during the year for operating leases were £4,288 (2022 - £6,962).

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