The Council of Milton Abbey School Limited ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 August 2022 'AC5Tp￿. 161C612023 c¢)MPANIES House A15 #180 CompartyND(X)531474 ReEtsteted(hprryNo30&318 Contents o￿all Page Go¥ernors' Report i-io Auditorf5 Report 11-13 C￿SaIldaled St*ement of Financial Artmties 14 (￿s011daIed Bal•rKe Sheet 15 Company Balancesheet 16 Consolidated Cash Flow Statement 17 Notes to theAccounts 18-32 Crynp4ryNDflJ532474 flt•#ered CharityNo3C6318 THE COUNCIL OF MILTONABBEY SCHOOL LIMrrEO GoveRNOR5 REPORT INCORPORATINGTHE STAATEGICREPORT Ah￿ THE OIRECFORS REPORT FOR THE YEAR ENOED 31 AUGiIST2022 CoThpany Detsls Re8iStered Charity NumbÈr". Comparry Registration Ni4))tw.'. RegisteredOffKe.' >J6318 532474 M4tonAbbtySd¥Jol eiahdforf Fwum DOTS￿ Dni OBZ Jthlith M Fremort-Barnes MA INon51 M Jameswatson MA (Honsl KA PGCE Stephen Lane BSC IHonslACAPGCE Trè• Edwards Head.. Senior Oepjty Head (Apwnted I Septembef 2021k finance throctor.. Head of Operations". The Counctl of*￿Iton AtrtyScho¢Y ￿fflrted thJrit3bFecOm￿rty in I954￿d i58D¥erned by Rsmemwandum 3rKI ArtKle5 of Asso(iatiM dated 12 Awil 19S4. fv fiabFlit*s of its mtsnl•sare lirnitod kn£1 *ath by guarantee. Dliectorsand Trus*es Mr l G Bromilo¥Y chwrofGobWr￿￿ ChairGovemèho Committet. Chojr fihance General PuTPOSes ComfftitteÈ.' lead GvverDorSHfeguardin6 & Sw4leCentr¥ R¢￿Ster." Lead G￿ernor ftisk & Issue mar￿84rnWt Mr N S Bothton < MrOJ H th•mbeAainQVRMTO OL MrmDLNO￿ colon￿ N K G Tomlin. The Reverend CanM CW M[tthe1￿Inr*s MA'< s￿￿￿j1￿￿1E￿r& $13ff Liaisan LtrR SJ Nic*in50n' MBBS MRCGPlappoitsted Marth 20221 Le*jGD￿T￿0nInesafety Mrj Frampron lappcNnted March 20221 Perry< lappointsd March 20221 Mrsv Prior<14ppoirrted Marth 20221 Chair Educat￿ Ccmmtttee.. Lead GovernorBoaiJinB utyChairofGovernotS.' Lead Govemor Health andsafety Memb¥ottmnte&GeneralPW9ose5CDmn￿iI¢e ' ￿mb￿ra160￿￿m3AcÉCom1y1ll*e < MernberolEdLKatywQThmsttee THE COUNCIL OF MILTON ABBEY SCHOOL LIMITED GOVERNORS REPOAT INCORPORATING ThE STrATEGK REPORT ANOTHE DIRECTORS REPORT FOR THE YEAR ENDED 31 AUGUST2022 PROFESSIONALADV15EIIS BANK 50LICITOR wi￿On55011t1tl¥Slip Barclay5 bank p I Churchtll Pla Canary Wharf London E14 SHP Al￿a￿tra HOV5È StJuhn'5Street SalisburySPI 25B AUDITSERVICES Ward Goodman Audit Services timite 4 Cedar ParL Cobh3m Road Ferndovm Inthistrial Estste INSURANC£ OROKER Mar5hComrnucial Castsemead Lowerfartlestreet istol 8513A6 Wimbome. cwset BH2175F PURPOSE AIMSAND OBJECTrVES ThE Com￿nY Y43sestablished lor the purposeexwe5sed andobjettsconiaintd ID Tts Memorandum 0fAssociat￿n. The main charttablt atti￿ty01the company tontin￿% to be that ofrunningan Ir￿epe￿yent d¥yand boèrdinExhod for bDVS a￿j 8irls. ms and ex tlons Mllton Abbey works to be a comrnurwty in whKh*ath U￿st00d3nd respecredand kiwhlth.. ndness is ceniral diversity and drfftren¢ea¢ete1e￿te￿ l stand upfor what they know to be ri8ht We workto fflake School J heathy. safe and k￿liVet￿perl￿eloIau, p￿Ontr$in8. wellbein8 Jyin learnin8 - suctrss. in and trRyondthedassfC#) We rÈrnove barrEr5 to learnin& - Lwrfocu5 15 a￿vays￿N.personal bÈsV challen8e¢5 hi8h and pies5ure 15 moderate we build self-bdief and amtxton W¢dEvelop confidence by wowdinw. - the broadestpossiblethoictol thurses of sludy - opportvnities andexpwiences de5ip)edto build competenEeaThd confithce rneTrtorl￿ includin8 per50nalizedtrr8ets and goals Teachersarto htyJ5e team w11 I pwwde the Ideal balanceof 9JPW1and¢hallenw. ttwwJiTr.. . know and carefor in(fNidu31 . ￿dErStand and respond to le3min8needs - VApect, encouryand 0￿brate efffurt We will teJJth hdwlotokecoffltrol of bfe Jnd learniTh& erwrirfwr4fs- - wderstsnd and meetcomrnunityeyrtattorts - havethe tools4nd strate8ies to re8ula¢ethemse￿￿ andtt+xcessany hdp noedod fin¢ e*thusiasm. ¢Jirection andpurpose THe COUNCIL OF MILTON ABB£YSCHOOL LIM￿E0 GOVERNORS REPORT INCORPORATING THESTRATEGIC REPORT ANDTHE DIRECTORS REPORT FOR THE YEAR ENDeD 31AUGusf2012 m5andL contiThJed Workingity partnershipwith pupils Jndthe*fami1￿5. Milton Abiyaiffl510serbJ pupd5 Intotheworld rea(tyand able to make a éifference.. ctations . kno*ingand Understr￿lIEthemse￿ - ablEto conrtectwith othErsartd make è posibyetfmtyibuli 1¥re5iStibtyem￿Yab1e arKJ a pleasure to kmw We wll respectall pupils. Weexpect pupilsto Tesk*ctthemsd*s arKI oth*5 andto: make kindness th•r (or￿r$r0￿e - contribut¢ portiupate,challeryÈii*mseK*s veof iheir bestin all thattheytlo Ourthlefambftion asa school isto be￿￿st￿h0￿e1nl￿Pe￿Lknl fi>ryounB peoF*wlto will b￿REfroM learnin8drfferently. 70 achievethis in the nextse*nyear4 as v4e3Ay0ach￿sdWYs75th aMNwsaryin 2029, we wiu foatson fO￿r key developfflentaims.. Al Ta ÈststrAish Mitton Atsbry asthe prern*r.wpJrfd4iass certtrehr teena8e leaMu¥d￿el0pmefit 81 To ￿acethe unv4ue *arnI￿needS ofourpupls *the ￿art of$¢h￿l life Cl Yc deepen ourcommun1tyc0mmtrm￿ts1O eqvality, diverw.1￿v5iory sutsinabilityand wellbeirqforall DI To malntaiDfiDartial stabilityanoyowth. to sy)mowsthoof5 wni¥iiLwsaim$fo¥de¥￿Qpment 57R The members ofThe Counul Df Milton Attysthuol Limited lTrhe Countifi ConstTbJtetr￿ Board of Governors of Milton Abbev Sthtr)l. subjerttothe provision50fthe compny's Memotathm and Arbcle5 oIA55ociation. ￿1GoVernorS arealso Trustee5 and dIre￿Or$ of the Council. P4ew board membetsaresoughtbythe Chairnun in congJltation with otherGovernorsin orderto provide a suitsble ￿lan￿Of£eneral experience and particular expertsse in a¢ademic, pastoral, le8al, fina￿*al aftd other relevant elds. Governors are8Nen an intrt¥A*torybriefingbythe Chatrman of6wntys, Headandsenior manager50n aPPDinbnent arwjvolunteer forfurthOr￿vert￿￿etyalrmn8th￿0Ugh AS8￿ and ieqvired. SafeBvarrfin8vaillin¥ lsprov￿ed prior taknn8up appolntment and all GoverDor5 weceiveOWAn8safe8uarfsn8traiDingappropri*e wthelrroles. Thecharity hasa whollyowDed no¥Kl4ritst4Èsub&thary. Milton AbbpvsthD￿ S￿ke$ Llmlted, itsown Board of rhreaors which in¢l¥desM Gwern0￿, whlch Comm￿e￿ tradingon 29 Decernbw 2(h)3. The principal attNiDesof Mirton Abbeyschool Services knmittd are theholdingolw￿dIn&$. cynferer*es. an annual music fwiva1 and oryanI￿nE lettin85 olthe school tsolities. Where theterrn 8roupts usel wrthinthis repor¢ rtrneansTheCouwl of MdtonAbbeySthool knfflited and MiltODAbbeySchool ser¥￿e$ Umrted collecrive¢v. RNAN The 8Dard of G¢JvemNs cuThently hosthree x**tommitteesaTrJ oiher5d*ommittee5are convened a5 and rfthe need arise$. TheG•vemènceCommitteÈ meetsor*e* termto re¥*w5th0o18ty4￿*KtIssUe53nd m•mb¢rshipof thecoundl. The Education Comnittee has a M￿rt0￿rI1nd athoryrole ￿lIt￿t0 thE sthoofsacademlt.£urricularand pastor￿ wovlsl IlncludinK boarding) and meets01￿4 term. StudentTrniceFlaysan imwirwtrotein thtworkof the EdUCa￿￿n Committe& THE COUNCIL OF MILTON ABBEY SOIOOL LIMITEO GOVERNOR5 REPOAT INCORPOAAMNG THE STRATEGIC REPORT ANDThE DIRECTORS REPORT FOR THE YEAR ENDED 31 AUGUST 2022 GOVERNl4NC£ The FinaTh¢e General PutW5es Comm¢tteÈ IF&GPI mtets termly.wtth mojthly reportin8meetings asrequired, and take5 respDDsiknlity on behalf olthe Goveming Boty.tofoieca5t, monitorand rwewaN a5petts ofthE schoofs flnance5. 10 SUPPDrtthp FITr￿[e Dirertor in the managementofthose finance53ndto report on those ￿sUeSt0 Counol. The F&GPaLso revws. a¢￿SeS and reportson irtta51rurtvre issues. maihtèiance. de¥eknpmenL Health & SafetyaThd other mattets vndtrauihority dele8atÈd tothe Head of OpEr*ions. RISK MANAGEMENT The Govemors are rpsp)rtsibleforthe znanagemethtofthe rfsksfaced bythEstN)ol. ThÈm4in rfsks towhichtheschool Is exposedare a5se55ed bycouncil whodele8ate osponsibllty for spetific risksto individual commitiees. Those Wilh the 8fE3test impact and1Skellhood have conirol and mitiKation procvJuresimp05edand are closetymonitored by tr￿th the Senior Leadership Team andGoverThofs. Deraiw consH1eration of specificrt5*5 ts 8tven regU￿￿•Tr ierrnly rwews bythefullGoverniTrEDody assisted bythe 5tnior LeadetshyTÈam. Risksare Klentffied. assessed JTrJcontro15e5tablisbedthrDv&houtthe year. M￿agement and mitsBationofthefulDwrywirfipal risks andU￿ertath￿es b￿dE￿83tedto the listed Subcomrnittee5 thoW ultimate rE5ponybhtyrestsviith theRovthnebody'. Failure toetyem correthy Failute toedts¢ateadequa* Failure to 5afe8uard pupil w￿tsre Fadure to matTrtsin repLrtation. attractarwj fetsin pupAs Majcr in¢ider)t S￿h a5a panrfeThKor Regulaiorynofycomk4¢ance MèiDrfraud0rfina￿lal miynanaLem•rt ￿￿er pjlthcal andecrrt￿m1¢f4CtoIS GLwnarKecamm(tree Education commirtee All committees Governifflglx)dyand allc<¥mmittee$ .Anan¢e& gtyiwal purposes committee All¢ommittees Fthante &8ertwal w(k*)ses commltree GfY4ernin¥t¢Jdy MAP4A6EMENT The day to day runThingof the school is dElepTrdto the Head, suppjrtedbythe SeDlor DEputy Head, FIDance Oiiector, Head of Operations and oiher m¢mbeisotthe Khool's senlor l¢ade¥5hlp team. whoare respon￿ble lor coordinatin8teachinB, pastor31 and support teams. The Head, Senior Deputy Head. Finan￿ ￿rettOr and Head ofoperatyonsall attend full Council meetin8sand also attend the fy)verrtart¢e, E¢Jutabonand Firante & General PuTP)ses subcornmiLtee mettin8swhere approprlatè. The Lead Goverrw)r for HeJtth and SaFetyattend5 the 5choof5 Heatlh and Sofetycornmittee rneebngshEld eathtenn and the Lead Go¥wnor for Safeguardi￿& 5in8Je Central Rew*rattend5 thesthcol's 5afezuar¢*n8meebn Thesen￿r ￿￿derst¥p rolesatmilton Abbty. Head. StnHJr Deputy Nead. Finance ￿rectOr¥NO Hebj of Operation5, areoffl s3larie5 aireedwtth the Individualson recruitment. Thesal3ries Jre rewewedannval￿bV(ounllI and adiustmentsconsioered Dn performaKe. affordatslity and theoutcome of arvai5al& The key controls used by the 5thool iryclude." . formal a#eTKlasforall ￿b.CoMmIttee and Board attwiw. - detailed teTfD5 of refèrencefor al &JKornmittees." - Comprehen￿%* strat￿¢ planni￿ bu*ty"n8 and mana8ementattountir& - ethbiished ooènisabonal structure and I￿e$ of reporti formal written pdties." - dear aythg1i5a¥on and approval le¥ds.' - vtttir* proodufe5 a5requifedbylawfarthewotection of theTwlnerabl THE COUNaL OF MILTON ABBEYSCHOOL UMrrED GOVERIYORS FIEPORT INCORPORATING THESTRATEGIC REPORT ArKJYHE DIWORS REPORT FOR THE YEAR ENDED 31 AVGUSTZ022 C BENEFJT The School finanual aSSistsn￿ in tr￿eft￿1Of bwsariestoparents of wpils who wouldothermse be unableto atterwj MI￿On Abbey. Duftnethe year. thexhool awarded mean5-te5ted bU￿aries. stholarships. rÈmisS￿ln¥ant#ÈrantstO￿1lin1£984.414 12021." £919.7471. The Govettyors. policy. tn liDewTth thatof otherindependent schools istv makethese awards based on t in0N￿u4fs education31 wential. AwardsarevneraHymadefrom Urwestrictedf￿tts￿ndthe majority are fundedfrom incorfte. Thwe is è poliryto ehab￿at(t$S and to rpJie%* hardthp ￿rethe pupfsedur•tl￿ anrffu￿re kWOSFects would othenYi5e Eeat risk. The MiltonAbbey CommunityFund. es￿￿1Shed asa ￿Ctiont0 the finaffl(ial impartofthe Cothd-19 panOEffliC. ha5 continued io p￿VIde fina￿val xipkvxtto pupilswho maybe at lis* ofwitthjrawal from theschojlon finatKlal 8rounds becauseof Ihe pathdemic. FvrtherÉrdntsof £2l(￿￿efe made durin8theyear. WiththeliftiTr¥otcovid resknctionsthe sthoolwa5abk to relntroduce free Community￿e0ft￿￿olitieS.Th1S includes the local prlrnaryschool and Cubkout5 h3thnB use oftheswimmin8 a loral prepsthool usinKour sport5 h311 for netb311. We also h05ted ILKal football and chJb5foroWu￿J¥anTrU￿I loumarnents.aswell aswek0rn1￿ DorsètCountyCTicket aubfora8e grade and senbjr ma*£hes. Ovr8olf couisealsoreopened tothe public. aswell a51(r*erirE wites introoucinga SimrAe pay-as- yo￿60 payrnÈnt seryice. Within the sptsts dep3rtmeni. we also make many of OurC0a￿ avaikble to local clubs and group* especialty in rugbyaTrd cricket We weredeli8htedto hosta8awJthi5 ytsra charity Icthm runforWIII Ooes. an cr8anSsatlon SUPFYJrtingyoUn8peo￿e'S mentsi heallh.which meaAS a greatdeal to ￿5¢ho￿ commufi￿. We provRkdourtheatreand tuck shDpforvillaEe celebrationsto mark late maje￿sjUtM￿e well a5facilitiesuse.thestudentsDf the5cfrthl P￿￿0p11ed in a numbeTof tharitymliiiatNeSto￿Se￿￿￿$tfjT¥a￿Ous Dr8Jni5ations %Yhth induded.. - Ro>ryaub Shoeboxappeal. ottober 2021 - ￿111 th)e$5tud1a￿I Iokrn run. Ortotrw Z021 - Christrnasjumper DavforA￿ProFCts. tknfflber2021 - Second Hand aothirysales in aidof u￿1￿￿. March202Z - Wacky Hair Oayfor hait2¢are. February2022 - ChannelS*im. November 1021 - Sixth Form Charity Ball.Awll 202Z - Will ￿e$seMinar.jYfte 2022 - OpenWater5Wimmin8￿￿t in aKlofkn*iwthr. JunE2012 Sewal membersofiaftart05Gtyerwsofltsc*lststemaifitainedxhaoKwiththe xhoofssupwtin Iwe providedto attend meetinp eventsasrequired. The sthoolacts in liaisonwiththÈSalisbUryfx4￿SÉ 3ndthrou8hthe Milton Abbeychurth stsndingcommittee in therare and day-ttrdayadmini￿ratIon of the Chur¢h of St Mary &StMithael and Sl Branwaladet. MitrionAbbty, which ssvsed a$the school's chapel. we are ddighted 10 SUPPWt￿nefir¢ ￿1(esfOrth¢ ￿1￿MMU•￿Tr monthtyarKJ weaknfaclitaied diocesetr•nimgfor thesouthwesl RuialVicar5 Network In furtherance ofthEiroEgÈctN* theGovern0rs.asCh*ityTr￿¢eth have¢ompfied knyththelr duty inthethaiitiÈSAttto have duÈTeÉardto V*Chanty CofflrnIss￿Tr.s ￿E￿F31 and felv4antyjb5ethf8ui￿rtte concen)inRthecperation ofthe pU￿1C Benefit rog¥iret)*ntunderthe THE COUNCIL OF MIITON ABBEY S(HOOL LIMITED GOVERNORS REPORT INCORPORATING THE STRATEGIC REPORT ANOTHE DIRECTORS REPORT FOR THE YEAR ENDED 31 AUGUST Z022 RELATIONSHIPWITH OThÉRCHARrriES The school is.fortvnate io havethebenefitof theAbbeychurth a5it5 chapd anLI a5 4 re50uitr of gre* 5iBnifitance tothe wellbeingof the 5choolcornmunity. bEcavse of the bt4vfyandhistoric31 imjxyranceof thebuildin8 itsetrfand its influe￿e￿a the Èthos and reinfortementef thea¢m5andobjECtwes of the ￿¥1. The buildziE isowned bythe Diocese ofSalisbJry but the huol contributes apFYopriatelyto its maintEnanceand thet￿ldW￿lS madEfreelyavailabletothe sthoolfor worshi ¢ommvnèllyand individually, and many other •ttiwti The s¢hool. in partne￿iP With Ihe Dioceseof 5alistrrtJryandthE Forestrycornmission. has formed the MithnAbbry Herltage Tiust IMAHn W￿)se aims ale to manage the restoration of tho Abbeyand attrxrTr￿sIt0r$ to the historic site In ￿thIch the school andAbbeyare situated The Tru5t5eeksto setyreerantsto rarry outresror*imworks on the Abb¢Y, imwove publltatossto thoAbbey3nd wote£tthe landscape. ACflVThIE5ANDACHIE MENT5 tILIRI TMEY PastLval After the Cowd-lg PaDdemiclockdowns arKI closures of the p￿￿tru$year. the academicyeai 2021-12 slowly retumed 10 norm*. lrta cohtext ofch3wn8 Grmemmentathiceand reqwrEments. we exp¥iencedtwo mèjor outbreaks. ranoloranline houses as r*cessary for overseas puwls3nd prD￿ded half term 5UPP)rt forth05e unalAett return home_ Despite ine¥TtaNe d&sruption, teachin8¢L￿tInUed and the school rernainedopenatall bmes. With the extremefy Stro￿su9P0rttsf our24n nur5e- stsftedlaollty. Conscitiusof sotièl ifflpact of t￿pandeM•c, the schoolenharted itswo¥l%cffj. InchJdirygtheintroducbon. of the roleof H2ad of Boardin& reportingto our Defftty Head Pa5toTrl. incr&3sed the rangeof athwties avaiknbleto wpilsthrovgh ourweEkend pro8ramme. deveknped social space dedKated to wr Form students aTrJ an increèse ofa furtherten hourswas rnade to our alr¢ady sutystsr•tial Coun5ellirt8 WOwSlOn. Our Relabonshipsand Sex Education wogramffle vr45 audited anda number of lrnprovemenistothe material for ddi¥ery andthetrainii18of staff teachin8PSHEviere made. Residential ad¥eMure retreats helped year8roupscon$olidateartd comwsate lor some of thè missed so¢i31 opwjrtuniuesofthe weviousyear. InlinÈ wthourcEDtralco¥hmitmenttO safwan11￿ we extended $8feguanlin8traT#irfatievel 3 ts all Hou*mistressesand HousEm35ter5, and all tea¢her5and hovsertaftur*lertoak speoThctyaininEto supwtthe sèle8uardinÉ r*eds ofstudentswith spetialeducational neÈd5and disa￿lI6eS. E￿SU11￿gth* pvprf Yo￿e is heaidarMY I￿StUdents have ￿0PPr￿l￿nltyto inparttheir INiwarKI Ieèrnireets￿friendty fontsfDr prE5entatyonsl. The Departmerrtalso rnn well-received pfo8vammes of tyainin8forstaff and parentsviawebinars on a range oftopicsincludine 5urwrhngyour chdtlthrou8h examin3ti0nsand understsntlingADHD. LDDde¥dowd its ac¢essto etrrnaltyprovided Speech and Lan8ua8e8nd Ottup*i¢nalThwapYand workedto 5UPPOrt stLK*nt< Indewndencethr￿gh the v5e olUaroRead software. Personal LearniD¥ HaD5have beeb)ueated tyeachstuthL in con1v￿on With theirttrtor.to idÈntifyand monitDipfts8ress toward& bespoke soaaland atkn¢dtr**lopmenL In th*second yearof operatiort. ourinnfr4ativeThird Fcym Curriodum und2Th¥ent rEbnerr*nt basedon staff aDoI studert feedback.. this p¥o8ramme fv*ovides an importantfoujthtionyearforouracademic3ndvoc3tioDal GCSVBTEC CDurse5and enawes studentsbothto trYOLrt new 5ubRrtstheYha¥e Tr)tyetexkwice4 and to re¥is¢ with newteachin8 and learnlng apprDath4 cwe5ublellswhith th* MaYk¥wc4Jstyh￿fQW￿ DurinKtlte *ademKyear2021-22. Wede￿ and Im￿&￿enied a Capatskty Progr•nme. dey8red ioensurethatallstudents nde￿andthe COMM￿lty expec￿10￿5¢flhe￿ asiewnefsand to addressf0undat1￿1learn1ng$kIIts and attl￿de$ll￿e$saty10r SUCC•5s.Thts r￿OrouS irxluction programm& run in thefvththadmas IAutumtyl Temi. prO￿de53n opportunityto as%es% any 5UPP¢rt or enhanced mentOri•￿thee￿5 inour inconwngstudenty TheCapabiI(tySeThf￿e. he￿ atMithaehna5MalfTerm. prowde5 anopportunityfor Pa￿nts tuioin 5tsff aThdst￿ts incekbr8tin0tt*irs￿ECeSS inthe W0￿mMe. Lewnlngbeyondthe thwoomcon¥nudto be*i importantdÈmÈntofwrxademi¢prQ￿s￿, tJeskThte theoryoin¥challen8es of the pandernio èrKI in addition to makir¢ihebestPOSSybleu5e of our rith on4ite resovrcesfor ￿arn1Th￿ students bEnefrted frorn a host of trips In¢ludingArtto Laycod¢Abbey. tothe Museuffj andOXO T¢)**r. Fashion ro thevithoria and Albert Museum, ph0th￿8P￿ytO Londonkn undÈrtèkÈdLxurnentary Fyoiects, Countwde Mana8ementbeating3ttheCr3nborne Estate shDJ( Hospttalttyto thestumiftster Newtyn Cheese Festival. Lan8uy on Th¥nersK)n tripsto frenth Spanish restaurantsand Equinestudiesto thewodd Htyse Wekre Centre. THE COUNCIL OF MILTON ABBEY SCHOOL LIMThED GOVEIINORS REPORT INCORPORATING THE STRATEGICREPORT AND THE OIREcfoRS REPORT FOR THE YEAR ENDED 31 AUGUST 2022 Cvritulym innovatiot)indtsdedtheintsodLKtirffj of a Mu5icTeth Sryth Form tovrse. ie¥el 3 Extend2d Certiflcate irtsou En8ineerin& and the adDp140n of a new entry levd MathsqL4ryI￿at1OTr inthe Fourth Fufflto demonstratr addedvalueand motivate the student5 ID re3dines5 lortl*wGCSE year. Weran an intro%*Jctoryterm forownewGCSEinA8ri¢thre. LauThthin8 in 1022-23. CoLurrlcular Thecocurricular programrne at Milton Abty cortinue5 to offera of orportunitiesfor pupi15, withlnthe sPOrt5 pro#ramrDe andthrough week￿￿ and e¥erAfi8proSramm￿.￿Swell a5 OtxWedDe5dèyaftLYry)Un ècbvity wogramme, 5n5pired by the Round S￿L￿rE D15covery FfamEwwk. Sportcontlnuesto bea corestren8th wth atlea5185% olall stLKleftts*allttv5evJho wish ￿ do $0- re¥ulJrl¥ rep￿SentIn$ the 5th001 in ècompelttive fixture. the remainderweferrirrfto enTr￿a broad Pfogiarnme of nortompetitive sport Pupilstake part In SPDrtsand èctNTties fevr timÈs aweek. ind￿Ingtrad￿0￿ schr￿1 5POrtssuch as rugby, hockey. netball. ￿erts￿e, cricket and tennis, but also an impressjve range of vibiantattwnatNessvch3$8olf (the 5chMI Its own g-hole 8Otf cours￿ 8oW5irDulator army ontrto one coachin81, road c¥din8 lin vthitunitiÈs in Music•MI Drnma. i￿l￿ding￿￿nr8#¥Syear¥ whole 5cheol produrtion of he Wiièrd of Oi,. a T￿rd F(m yoducthyjof modemfairytsles rumeiouscoDcerts and performanw in the Abtrw. StithtpubJi¢-spe3knJ>& p*•c¥laxtyin thpwrilin8oFsermon8 contv)ue5 tobea streft8th. The Weekend Acbvity Pro8rimme svery buSy%￿lh aBe-4)propriateactiMties lor Lower5¢￿ ènd&xth F¢¥ffl puwls. 81aik T 6alls. Country Dancln& Slleni D￿>sand Fanc￿e$S p￿les¥re ¥erypowlar with our stvdent bo¢*on SaturdayNi¥hts.On Surtda￿. a s*de range of trips and Ktivlbesind￿￿e wnÈtowatchtl* ballet in 8ath.town trip5to weymouth or OorchE5terand paintballin8 in PW*d￿lOW￿*. THE COUNCIL OF MILTON AB8EY SCIIOOL UMITED GOVERNORS REPORT IIYCORPORATING THE STRATEGIC REPORT A￿1TH£ DIRECTORS RepoRT FOR THEVEAA ENDED 31 ALIGUST2022 FINANCIALREVIEW ANO RESIJLTS FOR THE YEAR Pupil numbers at the 5tsrt of the 202V22 a(2d￿1¢￿T￿ere irt linewiththe pwousyear at 209wnh tot¥ incomeup 2.1% lexctyjding b￿ne$S intèrruption daim of £Z50k re¢efftd in FYE 20211. Total ¢¢￿inCrease￿ at a ￿lsh￿Y hl8herrate of 3.1% excludSng prOvi￿OninEfTrr bad and dD￿rfUl debt& thnt of irrecoverawe debts wasovere5tirnated dwingFYE 2021 and conseqvemUy¥ £J9.79Zrfpro¥i5th¥r¥was rEleJ5ed w)the FYE 2022 reAAts. Theyouptherefwe rwwfieda 5urpKts of£127.247rwes•rfin8thegAthcffiseoJtiweaDfiual ￿￿￿5{2021." £195.9Cryiexcluding £250k busi￿5$ irrterwption dairn which in partrelatedto e¥wtswhKhorEurred in FYE 20201. This surplu5wasad2qu*e to meet on￿ill&l03￿ repayment obliww5and for caiMraiÈxpenditureand reinve5tmentsplanned durin8theyear. The school stsrtedthe 2022n3 sfighYylty*r pupl T￿￿￿b￿S•f 20312021.. 2091. Assumed cost inueases affettin8ener8y. food and mainter￿ll￿ materials partiwlartyalon8Vllth providingforappropriats infiatiomry M•ff ¢0# increases resvlted in the Scho￿ bL4I8etingfora h)werwlu5forFYE 2023 a5theschool seEksto manage ￿￿lfi¢3rtt inflationary cost pressures¥n ￿rtI£l temi. FAOLfFIES DE MEMfANO E PLANS The schooltakes a woactiveapp¥oathtothe care of thehtrMK0ftt*￿te and the reqtslrementforongoing￿hartCeMentand de¥dopmentof newfaciliti4 p3rtscularlyiD lthof the¢har¥es tothe Nafjonal Mifilmurn 803rdingStaTr9￿$-II￿S s aehieved through hi8h Quality maintenance. Creativ￿ ideasand a focusortachierfingP*nv31ue. In tabngthis aim to suCcesrf￿tystt5tIjn and enhancethefacilitsesat Milron Abberf foi the benefitof education. weléafe wiéer dtrelopi)entbyÉ4fitienUy usis¥thebroad AnBeof 5kn115and experie¥*te within the OpEr3tions Tearn. callio8Qrtthe suk4yOrtolex￿ul rwed. Oevdopment wiorities are carefultycon*o*Qdth￿u8h ourFi¥trYear Development Operntional Pr￿[Iti$•t1Qfft Plan prDcess. whith provtdes afTrm¢work lor mtiThtorin8prLwe5$a￿y resp)nffjwffex*to sthoolbusine$5 both current and future. RESERVES POLIC Milton AbbeVspJIicyisthatunresbiued reservesshwld norbe￿ul•￿frOrn ywrto year other tw in8ntitsPation of art identyfietfcapital project andth*.saveto theextenttyare requiredtorneetthe school'stlebt repaymentobli8ation5. any 5urplu5e5 generated from the runrun8of the 5(ho(A Mrill t* irt¥e#ed in ￿￿0p•nO4￿bUlldlllB5 and infrastru¢turÈ. The schaol therefore hdd5 limit*l free reser¥es. The Group's unre5trictsd stood at£23318041incknliv4a rfrfJlwbon of £1388.$921 atthe year*nd120ZI." £U(B.5281. These￿￿rewhOlty￿￿0Yed as partofthe xh0of5preff￿$e$8ndeQVl￿x￿eTrl5U￿jlernented byappropriatewth*ing THE COUNCIt OF MILTON ABBEY SCHOOL LIMtrEO GOVERNORS REPORT INCORPORAMNG THE 5TRATEGICREPOftT ANDTrIE DIRE￿ORs REPORT FOR THE YEAR ENOED 31 AUGUST 2022 ENTOF OVER14095' RESP(*1SIBILfiiE5 The Governors (who are 3150 director5 of The Couniilof MiltODAbbey Sthool limited forthe pufposE5 of cornpany Iwl are respDnsiNe forweptring ¢heGovewnors' Annual RepDn andthe FinancialSt*ements in actordancewith ap￿1£*ble lawand United KinEdomAccountingStanda¢ds lilnited Kin8dom Gen￿rnI￿ACCeptellACcovntin8 Prarticel. Company law requice5the Gover¢Krfsto preparefinanoal sts*mentsforeathfinancialyeai which we Jtrue and faiT viewof ihe 5tste of aflalr50ffhecharits￿ec0mpaTry and the 6roup and ofthe wmi￿re$￿vroS3Thd3p￿￿atIOTh of rewvftès, Includi¢b8the income an¢Y expwdittsie. of thethariti￿eYQuplorthJt period. kn preparin£t￿Sef1rtènclal 5tstementx the Governors are required to". . sdett witatrAe3tt0Urtingpokies and theft apkqythem con￿51￿n1￿.' - observe the methodsand princwes In thocharllies SORP." . make iudwents and estimatesthata￿ w$ona￿e and Fyudentr. - state vthetherar411icable UKACtountinostsndardsh*ebeen fojtrwed.￿b*Clto any materf31 d￿rtUre$disCl0$ed and explained inthe finanoal sMements- and - preparethe financialstatementsw the ￿rIc￿Cern bays u￿eSS it 15 inapwokyiateto prewmethatthe eompany wiltontinue in b4tyine55. The Governor5 3Fe resw)nsiblefor keepineproper a¢countin8recordsthat (lisclOse￿ih reasonable arctsratvètany time the fiwD¢ial position Of the charitsble ¢ompanyandenablethem toenwre thatthe finaAtial sratements compty ￿t￿ the Companie$ Art 2006. They are also respon9ble for safe8uaidirythe assetsof IheCharitaWeCompaThy and theSroup,athl henc*fortaking reasortable stepsfo¢ thepre¥enuon and detectson•f traud and othetirrwlarlties. In $0 lar a5 theGo¥emors are3Wa￿- - the￿15￿0 rethnt avdi¢ informarionofwhKh thecharitstrAecompan¢5 atsditor is vn*¥are", ar the Gt)vÈrnors havt raken all steps thar theyo¢Wt to havetskeTh ¢0 make them%*desa%¥aieofaDy rel*ant audit InfLYmaErofiand toesiablish that li aworeolthat in1￿￿#t10￿. The Govwwr5 ère responslble lorthe m•intenance andintwty ofthecorwrate ahd finarKial infDrmation kndLKled the ch8ittatde comwny'swebsite. Le￿$￿tr(￿l ilithe United knngdorn govemingthewepèrntion and di5semin•troTroffinancial statorntrts maydifferfroEn inother jurisdirtior AUDJfoR In a¢cordancewih5ertion 485ofthe CornpanleSAct2￿6.4 resdutiw prop)slr*the re appthtmwt ofward GoodmaD Limited as auOitLYS to theC0￿paThyWa5 Wtto Govert￿rsafid approvedon 25 May 20l3. TheTrustee5' Report incwpjralngthe sirate¥cand ￿rect￿< Rewrt5wa5apwtyed by rhe 8oard OfG0￿￿Ors of 7bethJnctl of Milton Abbey Sthool ￿rnited on ￿ May 2023. and ygned on its behalf b¥.. l G Bfomllow ChJir olGo¥erntrs REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE COUNCIL OF MILTON ABBEY SCHOOL LIMITED We have audited the consol￿ated finar￿[al statementsof Countsl of Millon Abbey st￿)1 Limited its tradin8 subsKliary Milton Abbey School Sery￿e5 Limited I'the8roup'l forthe year ended 31 Atsgust 2022 on paEe5 14to 32. The financial repDrtin8 framewofkth8t has been èpplied in their preparat￿rn Isapp1Kab￿ lawand UnTted Kingdom Accountingstandards (United KingdomGenerally AccÈptÉd kteunbng Pl￿1¢e1. In our opinion thÈ finanthal ttalerner￿'. BNea true and fairviewof thE stateof thegroup'5 and the parent thèritrdble company'saffairs as at 31 August 2022 and of the youp's and the parentcharlts￿e compary'5 incoming resources and ￿P￿icatiOn of resources. induth"n8 its income and expenditure, for the year then ended.. . have been woperty PTepared in accordarKe with United Kingdom Genefallyktepted ActountiN8 Practice,. and - have been wepared in ￿cordanceWith the rewirementsof the CompaniesAa2(X)6. Basis of oplnion We£ondutted our audit in accOr¢Jar￿e with In*rnational Standards on Auditin8 IUKI IIUS IUKII and applicable13w. Our responsit¥lities under those stsndards are fvrther desuibed in the Auditorsresponsibilities for theaudit of the financial ststements section of our report. WÈ are indÈtsndent of the charitable companyin accordance wfth the ethical requirements that are relevantto our audit of fIn￿KIal 5tatemwts in the UK. includin8 the FRC'S Ethical Standard, and we havefUlfil￿d our other ethical responsi￿.1111es in aCcordaThce￿th these requiremenls. We believe th* theaudit evidpnce we have obtained is SLrffioeni and appropriateto ¢wowdea bassforour opinioTh. Condu4ons relatlnB toBoln8 concem We have nothing tt) report in re5PECt of the followity mattets in tdation to whith thÈ ISAS IUKI require usto rekKrt to you where.. - thetrustees. u* of th¢gOingc￿￿ern basisof accounti￿ in the preparation of the finanoal statemeryts is nor appropriate.. of the trustees have not disdosed in the financial ststements any Klentified material uncertsintie5that maycast Si8nificantdoubi aboutthe 8roup's abilitytocontinue io adopt the 80in8 corKem basi5 of accountinRfor a period of at lea5ttwd¥È monthsfrom the date when the financial statements are aulhorised for issue. Other Inforniation The irustees are responsiwe for the othLY inform3tion.The other information cofflpri5e5 the iTrforrnatiorb included in the annual report, other than the fi￿nCial.$18leme￿tS andour Rewrt ol the Independwi Auditors thereon. Our opinion on the financial 5trtements does nottovwtheothorlnforn￿tiofft aNJWel￿ Mt expressanyform olassuran conclusion thereon. In tonneetio* wth ourauditof thethnancièl statements. our respmsibility isto read the other informatp)n and. In doingso. consider whether the other inforrnat￿n is maleriallyinconsistentwtth finanti31 ststements or our knowledge obtained in the èudit or otherwise appeatsto be materially misstated. If. based on theworkwe have Fertormed. we conclude that there 15a rnaterial misstatÈment of this other Informat￿￿. weare required to rep)rtthat fatt. We have noihingto report in this regard. op1n1L￿ Other Matters￿St￿bÈd bythÈCdmpahtes Ad zr In Oltr ownion. based on the workuntlertaken in thecour5e of the audtr. the informatim wven in ihe Report of iheTrusiee5for ihe fin¥Kial year for which financial ststements are prepared is con515terbt with therin￿till ￿teMents. affid - the Report of theTrustee5 ha5 been prepared in accoTdance wtlh ￿p￿iCa￿e Iwl requirerner￿. li REPORT OF THE INOEPENDENT AUDITORS TO THE MEMBW OF THE COUNCII OF MILTON ABBEY SCHOOL LIMITED M¥tters whlchwe are requiiedto repurt by ew¢epts¢n In theliBhtof the knowled8e and under5taDding ofthe8roupand itserwirc¥Nnentobtained Inthe course of the a￿1¢ have not identyfied material misstattments in the Report of the Trustees. We ha¥e not￿n$t0 repoit ID re5pectofthefo11w￿ matterswhere theCOMpan￿ Att I{￿ reouifE5 US to repDrtto ￿ If, In ou¥oplnion'. - adeouateaccounM8 recrffd51we notbetyh keptor returns •OE4vate foroui have norbe2n rec*vedfrom branihes notVi5itEd by u5,. or the finan¢&415taternents are not in agreementwiththe*couDt1￿ ￿cords3￿d teium5.' or - certain disdoSu￿so￿t¥usteeS, rem￿eratiOn specified by taware not madè,. or we have noi received all the information Qx￿onall0￿s we require toroui audit. ReSp&￿sIbIlItIeS of iiu5tee5 As explained more Ful￿1n the Statement ofTrusrees Rewrwbithesseiouton page io. the trustees (who are alsothe dIrR(￿r$ forthe wrpose5 (bfcompJDy lawl are re5ponsi￿e for the preparat¢Dn of the fir￿￿[111 stateTnents ènd for ￿1n8 satisfied thatthey 8ive a t4ue and fair ￿e￿. and lor 5uthinterDal a5 thetrustee5detprmine 15 ￿￿t$s8r¥ to efta￿e ihe weparatian of fifsanists. Mis5taterfftents canaiisefrom fraud Dr error and are considered material if, Individualjyor in the aE8re8ate. thLy covld r¢asonabtybe expected io influenteiheecoTromic dpcisiw5 01 u5efs raken on the basisof thpse financial Statements. 12 REPORT OF THE INDEPENDENT AUDJfoAS TOTHE MEMBERS OF THE COVNCIL OF MILTON ABBEYSCHOOL LIMifEO IrreyJlaritie4 includingfraud,arEinstances of nowmplJnce*ith kws•)d re8ul*ic￿￿ wedesI￿ prOcedU￿S In linewith o¥r ￿￿￿bil￿e5. oudvLed atrove,to detertmaterial missEatements in re5pettof irteeularrbes. Ir*I￿lIt￿8fratsd. Theexltnt to whith wr pr¢xedwÈ53r capableof deiectin4irreE￿arrtle$. i￿￿UdIn¢fraL￿lISdetsIled ￿lts￿. We obtainedan ￿￿er$￿￿￿kn8 ofthe I￿ ￿ rwatoryframeworksawlitibkto the#r¢￿Par5d thèsector In whKh theyoperè We ¢btsIr￿an thJer5tandiwofhowlheerwiarecompfft￿ those1￿ and reyJlatoryfr3mewofksby Ma￿￿enQUIreS of m3n38efflent. We a55essed the wsceptibiiityof the yotsp'sfinantial sktemetrtsto mater4al rniSStstemen¢ indudingbow miÈhtoccur. Audt¢procedures performed bythetr*agem*)tteam induded.. l. Identifyi￿and asse$5in¥the design effe£b¥wof corrtrds manaEemerrt has irt placeto pr￿t￿d detect fraud. 2. UndEf5tshdinehowthose¢hr8edwith govern¥ce con%dered andadOre5sedthtr potenbèl fol overridÈof conirL4sox otherinappropriate influence over the finanEk)I reportin8 wrKe5& 3. challen8ir¥a55umpb￿Sand1udsM¢nts made PryMana8ern*)t in its accovDtinge5tiTnatsS. 4. Identifying ond testingiDLYhalontri￿ in parkncuLirarryjwmal entrie5 ￿$te￿With unusual xcount combinatsons.. and 5. Assessinsthe extentof coMplr4rtcewXth therelwt Afurthet Lles¢riptw ofour re5p)n5IixlTls￿10rthe au(rrtof thefftnarfi•l staternentsi5 lO¢ated on the Financval Rewrti Couniil'5 Webslteatwww.frL￿s.uVaudlts￿re9YO￿sibl11tIQ5. Th￿deS￿l0n forfftspartof our Reportofthe Independent Aythtors. Mr l Rodd 8ScFCA FCfA15uuof StatutOryALwfftorl for and on belalfof Ward Goodman AuditSery1￿ tsrnited 5tatutOryAthlitor 4Cedar ParKCobham R•ad Ferndown itydusttial Estate Wimborne Dorset 1217SF Oatr. 2L )512028 THE COUNCIL OF MILTON ABEIEY SCHOOL LIMITED CONSOLIDAYED STATEMENT OF FINANCIALACTIVITIES INCORPORAYING THE INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021 Endowed Restrsrted Unreslr¢cted Total 2022 Total Nrfe5 20ZI Int4)me Donations. Etants and *acies 6.S 5.560 IZ.150 198,Z17 Incornefrom charitaYeacti￿IIe$- School fee5 OthereducatiofkTrl i￿£•￿e 7.159.295 25J.916 7.159.29S 751,916 6,818.960 197,428 gtomass rebates Income fr4)m weratedfvnds.. Non oncillarytrading income 74MSS 74.055 85.947 199A62 199.462 132,797 Inve5trTrent sncome 35.733 35.733 35.072 Othpr income 250,O)0 Toial IrKome ' 6￿90 7,7Z6.011 7.Y32,601 7.818,420 Expendituie Costs of rai5inefvrRJ& Noo aDciltawy trading exK*fidi￿re Fundraisini costs FinancirtBCOSts 1102.7421 1102.7421 170.65SI 1228.1531 1228.1531 1225.2271 Expenditvre on charitable actNities- fdu¢atlen *)d grant making 8adartd debtWo￿$1￿11IS. 11,450) 17,292.Wll 19.792 17,294,2511 16.902,6001 19.792 1174.0341 Totsl expenthtvre Neiincoffje lexpenditurel pre pvo¥isionin Netln¢omt lÈApefvdifut*l IL4501 5.140 17.603.SVI 102315 17.605.Y541 17.372.516) 107.455 619.938 127,147 445,S Transfers bery¥eenlutKts NÈt m¢Wtnient In lunds 11.1691 3.971 313.483 317.454 1,169 113,276 1809.518 2.912.804 127.247 3.235.869 3,569.116 445.￿¢ 789.965 3.Z35.869 Totallunds brOu6fvtfwward Totslfvnds urr4edfoThYard 16.17 I&X7 111858 112.858 All hlCOrnE3nd exFenditt¥e are derwed frorn (￿￿ti￿oR￿CO¥1lles.Ther¢ 15 nodrff¢TÈnce betweEn thesiat•neibtDf Hnanclal Anivities andthe Incomeand Expen&iture Report CtyryrtyNoCV532474 P*gh5tered Charlty NO 306ais rhenottson pages 18 to 321orm partolthese*courtts. 14 ThE COUNCIL OF MILTON ABBEY SCHOOL UMrtED CONSOLIOATED BALANCE5HEEr FOR THE YEAR ENDED 31 AUGUST 2Q22 22 2021 Fixed A55ets TanwNeassets IL192.428 IL304.157 CurrentAssets Stor￿3 68.177 289.473 185.610 543.259 40,1156 452,603 259.464 752.123 Debtors Cath at bankand in hand CfedittyS:Amountsfallingtl¥e IJ.105.1631 13.255,9731 Net￿m￿ntIL￿￿lIIlt$> IAsfeis 12J6L9041 IU03.8501 Total Assets avrenttsatrmlitles 8.630.524 8AOI.O07 Creditor5:Amountsfallinsdue aftermorethaTrorevear 15J67.4081 (S￿55,138) 3363,IIG 235069 Financed B¥= F￿d5 Endowed 16,17.18 112,858 317,454 112A58 313.483 Restrirte U•rettritted 9442U L988.592 820.936 1.988,592 Revalu3titin Ifonnsp•rtof unrestrthd frJnd51 Tatal unrestricte¢ 2.932.804 3.363.116 2.809,528 3.235.869 These aLfounts weTeappro¥*d•Thl aUthor￿edfOr tythe BDXdolGO%w￿l5QTh 2Y0512013 and si￿ed on it5 bEhaKbv.' tl G 8romilow Chairof Governots Ctsnpartywo00532474 Ae*rteredChaityNo306318 The notes on pages 18 to 32form parrofthese ￿unt> THE COUNCII OF MILTON ABBEY SCHOOL UMITEO CHARITY BALANCE SHEET FOR THE YEAR ENOED 31 AUGUST 2022 102Z 2021 Note5 FlxedA5sets TartBible a55•t5 Investment in subs￿1¥ li 11,185.074 11,299.484 11.185.075 11299,485 Cuirent A5SttS StIKk5 12 68.177 286.012 84.696 138.885 40,056 563,758 102,707 706.521 Oebtor5 13 Cash •tbank and in hand Crodltovs-Amounts falli￿a￿Ve￿ilkn O￿Ve￿r 12,995.9991 13.205.841) Nei {LIa￿￿tIes>1 A55ets P.557.1151 12,1199.a20 TotslAssets le55wrwentliabdlti•s 8.627.961 8.800.165 Creditor$.. Amou*tstallir¥dueafter MO￿ thanoneyear 15,267.4011 15,56S.1371 Nèt Assots 3360.5S4 3.Z35.028 FI￿¥11£*d By.. Funds Endowed 16.17.18 111858 117,454 112.858 313.483 Restlided Unrestricted Rè4aluation Iformsprt of ynrestiicied r¢setvesl Total unrestritte¢l 941,651 1.988.592 820.095 1.988.592 2.930.Z43 3.360.554 2.808.687 3.235.OZ8 Theseaccountsweapproved and3uth0ri5ed For i5511E 8oarLI of GfftrnDf50n 2Y05n023 arK1 Wed orb Its behalfb¥'. Mr IG 8iomHow Chaimian of GovewTrJrs eompanyNoOD531474 Re¥*red Chaiifyi*J3r￿1i8 The Mtes on paees 18 to 32 fowm pat of these attoLmt* 16 THE COUNCIL OF MILTON NBBEY SCHOOI UMrrED CONSOLIDATEL) CASH FLOWSTATEMENT AS AT 31 AUGUST2022 Z022 Z021 Net¢ash fl¢)wsfrw wabngJ¢tirfies Intsre5t paid 349.262 12Z8.ts31 1.267,756 1225.2271 Cashftowsfrom in￿ry a¢W Purchaseof equipme)t InterE5t¥eceivett 115￿.(89) 35.733 1125A561 35,072 Net cashllwfrom in¥ethryactiiryties 1154.3661 190,7841 c￿ flo&¥sfrom finantiryactith5 Repèymerttof borro￿￿$ R*paymentof borruwnes underfinance Newborr¢wrfin85 undetfinarKe loase Newiycontracted eatyfee paymentarran8*n￿ts REduction in unconiraciel and vfdisatiw d contyd-Cte(¢eaAylee P￿ents 1185.5351 {186.2481 96.193 61,340 599.445 1154,6131 1172.7801 6L,6JI LS.CQO 1493.7751 Net oshllow5from flnandr¥athb?tsE5 385.195 1744.5571 Netincreaselldetwe¥sel In t¥sh and (ash ewiwalents 3SL938 Z07,188 Cash and cash equNalentsatthe WMiryoFtheyear 1485,3321 1692.S201 Cashardl rath eq￿ValerIts attheendotthey*r 1133.394 1485.J521 Rotartolistywtoash atbankandin hml: Cash at bank and in hand ankoverdralts 185.610 1319.t*J41 259.464 1744.7961 Cashand cash elw¥￿eTrts 133,3941 1485,332 C¢rr•any NO(1￿31474 Ro8kned ChofityNo30S3I8 Themoteson pa8e$ 18 to 32 fomi partof thesearcount 17 THE COUNCIL OF MILTON ABBEY SCHOOL UMrrED NOTES TO THE CONSOLIDAfEO ACCOUNTS FOR THE YEAR ENDED 31 ALIGUST Z022 l AccouNnNG pouaES al Legal fo¥m ThesÈ accounts present the consolidated informaJonof The Counul of Miltonpknlw khool ￿fftite￿, a registtred tharlty 13Q63181 anda limrted companyincorwiated in Enwandand Wale5 I(￿532474) and itswholly owned5ubsidiary, Milton AbbeySch¢Jol SeMc25 Liffllted. 3 limitedcompaDyincoFwfatsd in E￿art￿ andWale510433877tI. 80th entities hw4ethe same re8iSteredoffice-Milton Abbeysthool. Milion Abba5. 8Lanttford Forum.Owset DTII OB bl Acc{￿￿1]ng conve*)bo The financial statements have been preparpd iTrKco¥thncewith A¢CL￿￿tr￿￿¥d Reporbngby Charities." Stat•nÈnt of Recommended Practice applicableto charities prepaiin8theiraccounE5 ID atcord*Ke with the f￿anUal Rep(xtinB Sta￿ard apOicable inthe UK Republi¢of IrelaThJ IFRS 1021 (effective i January 20151-ICharitie5 SORP IFRS 10211, the FID3ncial Reportin8Standard a￿1(able ihthe UK and Republic ol Ireland IFRS 1021 and the Companie5 Act 20C6. Under FRS 102.the charii¥tsle cornp•)yis a bentffiwtit¥. ¢1 Goln8tonce The Governors prewied a buswA DI￿ lncorwatlngforeca5tfin3ndal isfvfflationthrou8hto 3J Au8u5t 2023 that refterts theifview thatthe financia s¢a*mpnis caftbe prepawed on 380ing con£wn basi5. In addition to this. the 8roup h35comrnitted loneterm fatilitsE5tO8ether ¥￿Iha £1.5miUionoverdraft facilitythat areadequate to meetth 8roup c3r•tal andoperational rewirmEnts. 18asis of consojidation TheseatCDunts cons01idatE the arnl itswbsidiary uThYert3knngMilton Abbeykhod Services bmired to 31 August 202Z, all inter group sales and wofitshave ￿rte11mln￿tedOTh ￿ny)Id•￿en. ThÈ GrDUP hastsken •dvantsEe of s￿l0n 408 gf the Companies Aci 2DJ6 by not provi(fins a Separate 5taiemeniof finarKial activitiesforthe 5ubsldiary. Net irKon￿nIre5OUTceS1ttT1bUId￿efO £L72012021.. E3101. el Tanwt4e fixed assets Tangiblefixed assets otherthan freehold land and ￿1￿jing$ a￿ measured wtler the cost model. frtehdd land and Jildings are tnÈasured unde¥the revaluationrnodel. below £gC•) are ￿￿t0pm￿lised. Nodepreciation i5provided in r25PECtof freehL4d laThJ. Deprwation of othertahEiNe asset5 15 thar8Ed ￿ annual instalments ot fatese5timated to wrileofftheirc0st￿ valuation less￿ residual value overtheir eywrted useful lives. Depreciation isnotcharrnl in the￿arOf acquisitiin.ThE¥ate5 used toe5tirn3te these INesare'. - FrÈeh¢ld buildinÈs Ihehsforthe thèr￿.$ u5elO% to 20% 5traightline . FLYtures. fitbn85 and equipment 5%to 33% strai8htj￿Q DepreciatioTh iscakulated on a coM￿nation 01the￿i￿en down valve•x4 strai8htline ba>SdepeTraI￿ on ihemost Ppropr￿te rnethodfor the respetbvÈ aS5etor Eroup ofassets. Ouring the vearto 31AWSt 2017 Wow￿*E5werB r**ue(l. resulting in a ga￿00 revalual￿Tr of£l.608,Yll. The trustees cons¢detthe market Value to be at leastequal to thethjbjre ￿Ut￿lthe woperty and therefote the woperty Y4111 not be depreCiatedfUrthEI.Th￿¥￿ll be ryularly rewey￿. Corn￿￿￿0cl)5324?1 RetyeredChatityNo306318 ThE COUNCIL OF MILTON ABBEYSCNOOL LIMITED NOTES TOTHE CONSOUDATED AccouNfs ICOfrmNLIEDI FOR THE YEAR ENDED 31 AUGUST 2022 I ACCOLINYING POLKIESltoDtin*dl fj Stocks Stocks afE Ststed attheltyw of c0stw*t￿a￿s￿t4evaIUe. IFeesatyJ similar irKome Fee5 receNab*are5kted afterdeducbn8 btyrsaries. xhoLarshipsandother remiss￿¥Tanted bythe School, but sndude tontributions rettived frorn Restriaed Funds foTklKlarships and Bur5arie& Wheref2esare paid in advartce. the inwme isdeferred until theterm towhtrh it rdaIes.Thesedderr￿d amounts aresw on the ty3l¥Kssheetwithin tsedytors.. 0untsfalljnÉduewithinorteTr￿a￿d in rnore than oreyear. hl Pension costs The School tontrrfoutes totheTexherf PenMon Schem4 a muhi ¢ThploYerdefined bEnefft schemeat theadvised rates. The Sthoofscontributions to the scheme3re charged in ￿ accDunts asttwac(Yue. The School èlso ￿ntributeS to per50rba1 pens[C￿ schemesorto an occupational empltsyerdefintyj ¢tyrtribution $ch￿e*￿rn0￿-1e￿hing$t4ff. The lafferls adrhlnis¢ereO byThe PensionsTrustand thEScW ¢otrtrii¥Jtes at rats55et bythe TIUSL Contribvtitsnspayable for theyear arèchar¥ed inthe a5tlxyaccn In acwrdance wtth settion 28 of FK5 101. thedefin￿ h￿efit sfhwhes are ac£ountedéor aStlefi￿ contribution schemes. asthty are both ￿ployer stheme5 ènd it is notPOsssbleoTappropriate toiéÈDtify thEaSStts and liakilitie5 ofthe 5cheme5wlith are attriLwta￿e to thesthool. il Resowcesexpended Expen5esare charged tothe 513temthrtolfin3nual¥t￿I￿t50n an accn￿lSba5i¥ Ewi(kture is albcated to functiwal headin85 either ona direct costbJsisor apportioned aerordingtotime spent Costs ofgeneraMglvnds- i￿l￿de all fvnd rai*near￿ finonringsupwrtcosts. Oi¥itablea¢bvrfties- jndude ¥1 Costs rd*iwto the oteducatyon and runnIng0ft￿ Scthjol. GIp4emartÈcosts- ndudeaudrtftesand GOVer•￿S.eXp￿Ose$. The irrecover3￿èe1tmert0tVAT ts IndLthd ￿ the itern oreX$￿Se it reLite jl volUntary￿0me ènd8tr•unmentwants Donations r**ivedforthe8eneral purwseththtkhod ￿￿edited to LwestrictedthJrK& OoAatir*n51arpwposes resrrilled bythewishes of the &Trnor aretaken to restritiedfvnds. GovernmeDtir3nts shall be recoo*sed on theStstement of FinarKI3lActi￿oe5 on 8 wstemabt basiso￿the perfc*Js ill whKh the thty rec06n￿e51s tyertsesthe reLited rnstslorwhich theerants are intended to cornpensate. k) Restrirted funds Comprise ittcornefundssubpato rosrrithons ari5ingeitherfvc¥fy thÈdonoeswsho%orthe term50f a parti£vla¥fund rai￿n81n1￿atIVe. Unrestrlctedlvndstom￿$e1￿eSCwsg£Y*ral fvnd5.whKh areex5%¢thble atthe dixretyty) of theG¢)verr¥J￿. ExpeThlable endowed fvnds comprise in(omefvndsarisin8fr0ffl 3 chwltsb￿Tn[5L The capitsl of thelundscannoi be WthrHrtGo￿0r woval. IKorne ￿sing onthe ertdowmentfv￿l (called Rwnd**on Fund) istreated as restrirted ￿)Me1ththe Wwl. No(￿32474 Re81rte￿d£harttyNDS1*YI$ TIIE COUNCIL OF MILTON ABNEY SCHOOI UMITED NOTES TOTHE CONSOLIDATED ACCOUP4TS ICONTINUEDI FOR THEYEAM ENDED 31 AUGUST 202Z I ACCOUNfip4G POUCIESl¢ontknuedl il TaxatiDn The School Is J reBistwedtharityandas such i5enblled to cwièin taxe%￿ptI(￿ts onsuipluse50n anytradingacti¥the5 carried on infurtheranceofthesthool'sprirnary obieLtNe5. ml Operatln8 lease5 REntals payatr4e ufftder operaiin8leasesare dw8edto the statementoflinantiètX¢wityes on a s(rai8ht line ba%s LNerthe period of the lease. nlGrJntsand burs Grartts bursariesfrom rÈstricted funds are inclL¢ed asexpEDthituJe tn theperiodfor which theawardiS8￿V¢n. 6ursariesand allowances from unrestrKtodfunds towardsschod fees are treated asa reduction inth05e lÈe5. ol Rec08nltiL￿0f assets Tradpdebtors, Otherdebitrs. intercompanydebtors ahdaccr4*dincome are retwised atthe set￿ement èmount due afterany tradediScount5 have been offered. PrepaymETrt5areYalue(lat the3￿￿￿￿1 ￿ePa￿l f*t of any tradediSCOUnt p} Reto8nitiOn Of liaknlit*s Creditorsand proYi5¢0nsare recoÈnisedwhtrethe khool ha$3 prewt obl*atwn resvthn8from è past event that Will p¥obably resultin thetraoslerolfynds to a third partyand the amount dvettssettiethe obl*abon can be measured or estimated rel53￿Y. ql Fixed a55etvaluation The Klanyort House. school lathj andstaff actL¥nmodation were Val￿0Th 23 Avwst 2017at£9.Ink rl Grènt rnakin8 Thisyear, Ihevalue (rfsntlnued) Inclvded intheatfftfiguresis£nil io re5pectof s￿rar￿a￿l ￿und?￿p*￿e￿ts(202I.. £6.4051. rhjirngtheyear the Governors recei¥eLl£nl1 12021." £nill remur*¢ation and nu retirehentbenefftswere accrvin& GOVer￿r$ reetwed reirnbursed o¥tof pocket expenseso1duri￿tbeye8rQI £nil12021.. Énill- rin8the vwreM￿0y￿es, salaries iTre¥cess of £60.m)*Vein theratTrges'. 2021 £60,(QI- £70.WJ £TO.Wi-£SQ.O(X) E80.001. £9J,000 £90.001- EIOO.OLXI 00,ooi-£iio.t £110,001- £120,(KJO £120.(￿l- £130.r £130,iY)I-£J40.(#yJ Contributi¢￿50f £58.45112021.. £41,354lwere m*lEto penyfy)xhwnes ￿ respertof at¥)veh1eherp￿dtmp1oYee$. Key management persomel saLarwforthe yeartotslled £469.70312021.. £448.0591. G¢1¥ernors￿nsiderthe kry man38ementpersonnel durir¥the ye¥to be- H&idteachei-Judilh Fremorrt-8arftes HeadolOperations-TrxeY Edwards Deputy CtrCurricvlar-Chri58arn Deputy He*J Pastoral- Ruth Buder senior tkputy Head. Jam2sWatson Finance Trrector- 5*ve L3ne OepLrty Head AcadeM￿.0authti Hinde 6 SCHOOLFEES 2022 2021 Fees recefv3bleccffj5iSt of. Gmsstees Less bursaries. sclK4athips rem[￿On5 8.149,805 8.218,792 1990,5101 11.399.832) 7,159.295 6,818.960 £19,792 ha3 been reversed from12021." £174.034 has wovthd lorlirrectyd¥abte feÈdebt 7 OThER INCOME 2022 1021 orher educational iDCOffle'. Entrènce re81str0ty￿f¢eS Extrn umtion and l*arnirysupwt ih¢ome Tuckshop iT￿Orne 61.508 155,471 34.927 251,906 27.333 170,C85 197,428 Bp)mass ￿rne.. Rebates forrenevable energyobwwothKtion 74,055 74,055 85.947 85.947 Non antsllaiytralin8in¢tyne". MAS5 tradin6 Income 199,462 199,462 132.797 132.797 Other Incon)e'. Busness Intsiruption daiffl 250,000 25Q,000 TMECOUNCIL OF MILTON ABBEYSCHO(X LIMITED NOTES TOYHE CONSOLIDATED ACCOUNTS ICONTINUEOI FOR THE YEAR ENDED YI AUGusf2022 8 TRADING INCOME AMDTAXATrON The school oftheEI 0rdir￿ry share capttal olNihon AbbeYsCh￿ Service5 bmited1043387711. which offers use of ihp schoDI site èndfKilitiesfDr the purposeof lethnes. ￿*￿i￿#S8ndOther Commerclal purpose4 wimanlydvriDgthe Khool huliday PEr*ods. Itwft5itstaxablt profrts totheSCt￿l. tt5trad(ngreSv￿5, extratted from its a¢tdrted a(￿Unts weie.. 2022 2021 Yurnovor 199,462 153,6YI 132,797 140,2861 Cvsi of sale5 Gr055wofit Adrnini5tr8tive e¥￿Se$ 145,768 149.048 92,511 130.2101 OpeMsn¥prDfit 96,72Q 62,301 ofiion ordinaryactivities Gttt Aid to The Counul OF M￿10￿ Ab* 5th001 Limrted Tèxthar8Èfoi yoar Retained profft I1105slfortheyear 96,710 195.WOI 62.301 161.9911 1,720 310 Ilet8s*tlli3bllities 1562 842 Duonitheyear MlltonAtrW 5(hwl Ser¥Kes iwmit¢d • totsl of £g5,0)J12021.. É6L9911 toTheCoundl of Milton Atbey hool ￿fflrted. whlch Incl￿￿￿ £95.LWI?011.. £61.99Jl Dfwft amjed woffts. 9 ANALYSIS OFTOTALRESOLIRC£S EXPENDED St• Othtr Deprecijti Totsi Total 2022 2021 Charitabk Activities.. Tea¢hin8 Welfare tosts 2.724.454 Z.934 326.$34 156.*M8 9J.682 1.430.1( 817,183 119.7921 2.474.627 aoi,211 3.182,113 993.616 1,756,640 1.361.882 119.7921 7,274,459 2.648,624 1.124,970. 1,364,570 1,764,436 174.034 7,076,634 Premises c05t5 pport Cosrsof schodir Provisiorbfor irrecoverable debts 4.498.621 301.211 Costs of Èeneratingfvnds- Non anci1larytrad1￿ ex&*nses Financsn8 expenses 102.742 228.153 330,895 102.742 228.J53 330.895 70.655 225.227 295.881 Total resou(￿5 expended 4.498.621 1.805￿?3 301.211 7,605,354 7,372,S16 Djd￿theyeaT ￿ ALWSt2022an arnwntof £IAILIJ12021.' £15.5751 ￿ld to the 5tswtoryaudiiorsforauditlees. 24 TFIE COUNQL OF MILTON AB8EY5CHOOL UMITED NOTES TO THE CONSOLIDATED ACCOUNTS ICONTINUEDI FOR THE YEAR eNOED 31 AUGusr zozz 10 COMPARAMVES FOR THESTATEMENF OF RNANCIALAcnvmES Yoial Income Donationsaryd legaoes 10.0 288.216 19&216 Incomefromtharitsbleattiwtye5: Sthool fee5 oihereducational irthne (Jo.r￿) 6.828.960 6.818.960 197.42B 197,418 &oma$5 rebjtes 85.947 85.947 Incomo from 8eneratedfunds: Ilon ants118rytra￿inÉinCQrne 132.797 132.797 In¥esbMent incorne 35.on 250.(XXI 35.on 250.¢MO Othtr income Total In¢ome 7,818.420 ?A18.420 Expendfjwre Costs of rai%ryftJnd5- 140Th anclllarytradin$Èwditure Fun+Jrai5in8¢Q5ts Finandng costs EypenditureI￿ Charitableac￿es." Educaiionand grantmaklne 8*1 doubtfvl debt probisionjr¥" 170.6551 170.6551 1225.2271 (225.1171 116.%71 16.885.6331 16JOZ,6CiII 1174.0341 1174.0341 Total exp•J(ltyre Net income lexpenthturel preprob*i¢hling Netln¢we leypwthturel 116,9671 ￿.3$5,549) I7,372￿16> 116.9671 636,gOS 619.938 116J67) t162A71 445204 Transfws beM•i fu￿$ ilnrealised eain on re4è1vatyon of fLTe4 assets Nei mo¥emÈnt in luh& T*Jtal fvndsJxoWfthrnrd T•tsl fvndscaffl•d foTh¥avd 116.96n 330.450 313,483 461.871 1346.657 2.809.528 445.904 2.789,965 3.235.869 Ill.858 THE COUNCIL OF MILTON ABBEY SCHOOL UMThED NOTES TO THE CONSOLIDATED Accovmfs ICONTrNUED) FOR THE YEAR ENDED 31 AUGVST.2022 11 FIXEO ASSVS-GROUP ANOCOMPANY TAN618LE FIXEOASSETS SchoDI Totsl Subsidiary Trad￿￿ Company Gyotsp Total ewldi Cost At l September 2021 Additions thsposals 9,159.125 5,490 1.734.331 2377,339 13.870.796 181.309 186.799 44,568 13.915.364 3.300 190,099 Ai ai AuwJ5t 2022 9.164.615 1.734,332 3.158,647 14,057,594 47.868 14.105,462 c*pretiatlon At 15eptember 2021 Chai8È forthe year (*sposals At 31 AuAustZ022 36&508 69.372 2204.W3 231.836 I57L311 301.208 39.195 J.320 Z.610.S06 301.528 435.880 2.436.639 2.872.519 40.515 2,913.034 Net eookvalup At 31Augv5t2021 9.159.IZS L367,824 772,535 Ll.299,484 5,373 11.304,U57 At 31Av8u5t2022 9.164.615 1.298.452 722.(M)g ILJ85.075 7,353 IL,192A28 The freehold land and ￿lIding5, Ind￿lIngthE Manor House. were ValL￿ tyChri5Lie5 on 8 Octobei 2014 at £8m anLI bycarter Jonas on 23 Au8USt 2017 at £9.Im on an use bay5. In 1017 a gain on revaluationof £1,608.311 was achiEved which increased the revaluation reserve to £1388,592. If freohokl tsnd and btrIl￿Ings had never been rè¥aluÈd.tl￿wb￿)tsld behddat deweciaied historical cost of £6.383.010. A55ets IDduded abDve a nEtbotsk yalueof £1,298.452 are w)der HKe Purchase agreemtmt12021'. £1.367A251. The hire purthasecteditor of £1.134MI isrepayaUe.£244596whNn l years and E890.285 betwekn 1.5years. The providers oIthE hlre pu¥tha5e have first tharge over the 35sets. Group 2012 pJny 2021 202Z 1021 Goodsfor resale 68.177 40,056 68,In 40,056 THE COUNai OF MILfoN ABBEYSCHOOL LIMITED NOTES TQTHE CONSOLIDATED ACCOUNfs (CONTINUED) FOR THEYEAR ENDED31 AUGUSf 2022 13 DEBTORS Gro Companv 20ZZ 20 20 20ZI Trade debtors Pr#)aymentsèmd accrued iwe Arnouots duefrom 5ubsAlory undortakini nthydebtors 219,819 63.715 lo7.4￿3 94.7C 214.539 63.776 107,S03 94,600 111.255 250.IX)D 563,758 s￿78 289.473 250.fKK) 452.603 7.698 286,012 14 CRÉDITOR&. AMOU14TS FALLNG DUEWrn1114 ONEYEAR Company 2022 zz 2021 2021 Trarfocreditors O¥erdraft& bank loans Amavntsdueto subS￿lary undertaking DthercTeditors Tax*iohand s￿￿¥1 5e¢ur VAT 319Xts5 56U31 139.944 92&596 311.186 561.531 3,S99 316.wl 82A12 857 212,162 1.262,661 244596 139.osi 926.596 331668 82.412 27.742 274,550 1,262,661 144.596 224.233 82,011 26￿14 267.899 1.1102,094 186.382 205.964 8L852 1.052 261850 1,402.094 186.38Z Accruals and deferred income Voluntaryeacly feèpayments. andlees inèLlv•n Obli￿1￿)￿5 undL¥fiDaD￿1eases 3.105.163 3.255,973 2,995,999 3,205,841 15 CREDITORS:AMOLINTSFALUNG OUE AFfERMOR£TII￿ ONEYWI Qirnpany 2022 2021 2021 tkposits Bankand otherlo3Ths Hire purchase 389.032 3.989,016 889,360 5.267,408 349.222 4.178,287 1.037.629 5 565.138 389,032 3.989.OJ6 889,360 5.267.4C 349,222 4.178.287 1.037.629 5.565 138 &ANKAND OThER LOANS Bankoverdrafts Pue vrithinoneyeav r•te 1-2 years e 2-5ve3r5 Oue after 5years 375.995 185536 185.536 3,803,480 744.796 375.995 18L8(bJ 18S,$36 181.8 IB5,S36 S45.4￿ 3,803,￿) 3.451.087 5,104M3 744.796 I81.8￿) 181.8 S45AOO 3,451,087 5.104,883 4.550.547 4.SSO.S47 27 TIIE COUNCIL OF MILTON 4BBEY SCHOOL UMfTED NOTES TO THE CONSOLIDATED ACCOUNTS ICONnNUEDI FOR THE YEAR ENDED 31 AUGUST2021 15 CREDITORS: AMOiINTS FALUNG OVE AFfER MORE THAN ONE YEAR ItonuDyedl A5 securitythe baDkhohtsa W charRedaied 27 February2020overthefreeknldof mI￿n Abi*ykhool. the Headmasters HOUSÈ. Green Walk Ctrtta8e andAbbEy6¥idensCottage3t Mirton AbbeYs￿r￿1. Milton Abba5. The matket value oftheseturity atth3tdatewas£9.1 rnil(ion the loaniepwesehtd WofthisvaI￿. DEPO￿Ts DEposits are￿Id from al 5tudEntsand aorepardwe W￿tI*￿8¥elhe￿hOol at Ihe rL¢vfftal a8e. loz2 21 Payablewithin Ilmonths Inote lal PaYa￿ta￿ÈrI2 moftths 49.B13 389,032 43&845 136.3(V) 349,122 485.S31 ADYANC£ FEESCHENIEANO VOLUNfARY EARLY FEE PAYMEI•TS Parents may Enter ifiioa ¢ontr3Ct to pay to the Sch)oltuilion lees inattdarKe The m￿Y may be retumedsublettto specific tonditlons onthe receiptof one ter[n'st￿e. P6rents mayalso wishto pay fDrSchool Tuition fee5 prior to the schoDlterrn commpncin& fflon￿ rec•vedworto the yeèrend n rÈspoctof the MichaÈlmas 22T•rm are t￿￿rred intothe folr*win8finaThtial yew. Z022 20ZI vanced feestheme Vo¢untaryeaI￿feÈ payments 61.340 1,1SL508 1,211,848 15,0 SS2,063 567.063 The thance¢ fee Khemeba￿rKe reFrnonts a(crt￿￿ liatslifiesund¥coAtra¢ts aTrJthe movernwtstlvrin8the yearwere: 2022 2021 BI￿nceat I Septernber2021 coniracts 15.OCX) 61.340 125,003 15.( 1125.0031 Amountsutilbd inthe y 83lanceai 31 AupJ512022 61.340 15.000 ThE COUNUI OF MILTON ABBEYSOIOOL LIMITED NOTE5 TO THE CONSOLIDATED ACCOUNTS ICOKnNUED) FOR THEYEAR ENDED 31 AUGusf202Z 16 RE5fRicfED FUNOS lsèÈfiote 17) Yoby Mann Thi5fttnd represents fvndsdonaied inord¥towrMde xhofarshipsforsiudents of MiltonAbby Sch¢)￿. C*1¢k￿ EqwpmentFulld This fufid represents furdsdonated for￿ purthase of c(itkei eouiKffieTrL Galery¥nd Centre Thislund represents fU￿S￿Onated forthEpurposes of tt*ArtCwtre. Equestsqan Arena This furKI representsfvnds donatedfvthe wrro)seof th2 de¥elopmertafthe eque5trt￿?r￿na. Countryside Mar*gement Thisfund represents fvndsdonated forthe wrwseof deVeb)p￿￿the sthLX)Vs counlJy*de fflana8emÈni failibes. Socia15pa£ Thisfvnd rekw[￿fUnd5doftaIedtorlhe wr[￿Se of develo￿￿are3$Qfthe stlwl to beenioyed durin8SQEial tirneaTrd 17 TOTAL LINYIEsTricfED AND fiESTRicfeD FUNDS-GROUP •roryht Incom￿￿ Resourte5 lrtomln&l Trnnsfeys loUtg￿nE1 Itollfrom CaTfte forwar Toby Mann Art GaU4ryafid Cohtre CountrySidÈ Managemeht EquestrfaTr aren Sotyol 5PJ bbey PASystem pa￿ul0n Fund 74.198 IIOA52 116.065 1.169 L199 74,198 109,402 IZ6.065 IIA501 IL4501 IL1691 1.199 L59) 1.590 Total restrtctedfunds 6590 IL4501 5.1 IL1691 317.454 Umewicied fwds ((￿ri1¥bItCOMpaftV 1808.61T 7￿6549 17.406.161) ExpendaL4e Ethdowed Furtds IFoundation Fund) 0.387 1,169 2,930,243 iU858 112,858 TotalFun¢s ICh¥fft¥lJltCrynpaDyl Tot31 Unre5trirted Fuvth ISubsi￿￿ry} 3235.011 7￿33.139 199.462 17.407.612) 1197.7421 125527 L720 3.360,SSS 2.561 Total Funds 4215A69 7.731.601 p,6￿?$41 127.247 3.3G3.116 THECOUNaL OF MILTON ABBEY SCHOOL LIMITED NOTES TO THE COWfjOLIDATED ACCOUNTS I¢ONnNUEDI FOR THE YEAR ENDt0 31 AUGUST 2022 17 TOTAL UNRESTRicfEDAND RESYRicfED FibNDS-GROUP 1021 Iconiinuedl et Tfan51ers I￿vIng) Itollfrom re50yrces Unrestricted oyeht Incomlng resowce5 expended lorw•rd Toby Mann Art Galletyand Centre Couhtryside Manayment Eqvestrtan arena Sodal space Cricket nets 74.198 122.473 126,C65 L169 545 74,198 110.852 IZ6.065 1,169 L,199 111.6211 111.6211 S.3461 lio,(￿) 15.3461 TO1￿ restwirtedkn41s io.(w)o IZ6.968i 11&9681 313.483 Lknfe5trirteOfuthds ICh¥iiable C•mpany 1345.966 Expendable End0v￿d Fynd5 IFoundatIo￿ Fuftdl 7.685.624 17.1219031 46Z.721 2.808.687 112A58 112.858 T•tsi Funds Ichafftable Cornpanyl Total Vnrestricttd FurKls (subs1d￿ryY z.n9.274 69) 7.695.624 131797 17.249*711 11316461 445.753 151 3.235.02B 841 Total Fund5 1789.964 7.828,421 7,382.517 Cuirent yeJrand IZ monthiornpJraiivests unre#riaedanO resiYkt*dfvhds Ilet Tr•n5fÈr5 loutglHn81 Itollf rom torw4Td pendtd Cathed forward restyjr resour￿5 uniestritted Ttsby M•fin Artfjalleryathd Centre Country￿de Equestrlan arena 5odal space Cricket nets 74.198 122,473 126.065 L169 6.545 74.198 109.402 126,065 113.0711 1ts.0711 (J.1691 15.3461 iio.c 15.3461 1.199 io.( Abbe¥ PA System PAvlllltsn Fund Tot4 Restri•ed 1.590 Is￿90 L5 y.swj 317A54 330.450 1244181 11.1691 Urw2strittEdfvnds IChJritat4tComyny Exptndable Endowed Futhds IFvundatyort Fundl 2,345,966 15212.173 114,629.C65) 583.108 L169 1,930.243 IIZ,858 112,858 T4)tsl FundslChadt4bleCornpariyI Totsl Unr¢stsi¢ted Furbts lsubsitharyl Tolal Fun05 1789.274 15.128.763 114.657,4831 332.259 1330.3881 IS￿61.011 114.987.8711 57L280 3.360.555 2,561 3.36J.116 7B9.964 57 THE COVPJOLOF MILTONABBEYSCHOOL LIMITED NOTESTO THE CONSOLIDATEO ACCOUNTS ICONnNUED) FOR THE YEAR ENDED31 AUGU￿ 2022 18 ANALYSIS OF NEfAssETSBThEÉII FUNDSlconsofthtedl iknrE5trKied R•¥aluatiOn RÈ#rltted Endowmert Totsi Fixed assets Currenta55ets 9.193.298 123.486 13.105.163) 15.267.408) 1.988.592 10.538 306.916 11.192.428 543.259 13.105.1631 15.267.4081 IIWB Currentliabifities LonEtern) Iiabilides Totsi assetsl Iliablllbes) 944.211 1.988.592 317.454 112AS8 3.363.116 19 REcof4CILIATtON OF PIET INCWING ReSOVRCESTOCASH GENERAT£OOPERA710NS 2021 Netlncomiftg resourtes 127.247 445,904 Adjusrmehtfor.. Depreciation thaiges Other Inv*rnentincome Intere5tp3id Cashflows befoie rno%*meniin wothn8capital gOiS28 135.7331 228,153 622.19S 299,945 135.0721 225.227 936,C114 Ilnue¥sel IOe£rease in stock Ilncreasel I t*crease th debtars Increa5e/l(lecrea5el sn credittXS Ca5hwerated by operations 128.1211 163.130 1407.9421 349.252 7.239 -181,152 505.665 1,267,756 10 OPEFi4TJNG LEASE COMMtfMENYS At 31 Au8ust2022, the8roupwas comrniltedto rnakM*the foknir8payments ￿reSpectO1•per*￿nglta5eseXpIT1￿¥ 20ZZ 20Zi Wthio oneyear MDre than l ye3r 13.216 46.256 59.472 16.037 16,037 31 THECOUNCII OF MILTON ABBEY SCHOOL lIM￿ED NOTES TO ThE CON50LIDATED ACCOUNTS ICONTINUEDI FOR THE YEAR ENOED 31 AUGUST 2022 ZI PEPISION COSTS TheS¢hool p¥tsopates inlheTeachers' Pension Scheme IEnO•nd W31e511-theTP5"1.for itste¥chiTr8 staff. This 15 a mull employer defined benefits perts￿n sthErne and it Is not PD55ib1eo¥ appropriatr ta identifythe liabilitie5 oltheTPS which are attributable tothÈSchool. Asrequired ty FRS102, the5tho￿ a￿jl￿ts for tTrMsxheme as il a defined oJtributi¢Th schemÈ. As from I September 2019contribJtioDshavebten madeat 23.68%*￿￿thee￿woyee rate ￿1￿¥￿4n8be*ween 7.4% and 11.7%. Atthe yEar*nd cvrrentlK4bdities indudes £49￿11(2￿2L. £S(L919lduettsthETP5pensitsoschwne. Conttibutions itl pension Costsin the50FAfrJrthETP5 5chemecometo £444.3(NJftsrtheyear11021". £445.7801. Othor sthemes The klh)ol also contributesto PEnsion 5rhemesfor￿￿FteXhlnI strff Whoarer￿1 rnernbersoftheTPSwhich ¥e'monev purch35e' schemes and 15 to provide benefrtSto ¢nember5 onthwr ietiremenL Thecost fof thEyear reprESEnts theSthoDI's contributi0Th5to the scheme5and amovniedto É45,87012021.' E38A321. Atthe v&irendcurrentliabihtiES in¢lude5£8.117 12021.. £9.1761 duetothe5epe￿510n scheme 22 REiATED PARYYTRAf4SACflOMS TherEwere no Te1atedpartytrar￿l(t1oTr durir* eitherye3re￿1ed 31￿lSUSt2022 or 31 2021. 23 CONnP4GEin UABILITIE5 The3dmintstratotsofthEThE lThJEpendèDI Sth0015' pen5Y￿ Stheffje hJveinfoTm?d theschool thaianadditiona amountis yab1e to the sthernè Arèsolvtiurkto th5rnatter is not imminentand IbEref0Tet￿sthDoI Is nol Pr￿ls1on for additsf￿3l pensitrTr costs andtaMottO*Jfifm th•ta IKiknlity ha5afi5en. 32