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|Annual
Report|||
|---|---|---|
|Year Ended 31 July 2022|||
|Contents||Page|
|Trustees'
Report|||
|Independent
Auditors'
Report to the|Members||
|Consolidated
Statement
of Financial|Activities|19|
|Consolidated
Balance Sheet||20|
|Company
Balance Sheet||21|
|Consolidated
Cash Flow Statement||22|
|Notes and Accounting
Policies||24|
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|||C~L||
|---|---|---|---|
|Whole|School||8|
|KS1||||
|KS2||||
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|Key Information|||Figures|
|---|---|---|---|
|Total Cohort|||27 pupils|
|Boys|||62.96%|
|Girls|||37%|
|English as an additional|Foreign Language|(EFL)|0%|
##
|Writing Attainment||Boy|Girl|Reading Attainment||Boy|Girl|Mathematics|Attainment|Attainment|Boy|Girl|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Exceeding|11.11%|3.7%|7.4%|Exceeding|7.4%|0%|7.4YD|Exceeding||33.33%|18.51'Yo|14.81%|
|Meeting/Exceeding|81.11%|44.44%|37.02%|Meeting/Exceeding|81.4%|48.14|33.3%|Meeting/Exceeding||66.66%|40.73%|25.92%|
|Meeting expected|70.37%|40.74%|29.62%|Meeting expected|74%|48.14%|25.9%|Meeting expected||33.33%|22.22%|11.11%|
|Just Below|7.4%|3.7%|3.7%|Just Below|3.7%|3.7%|0%|Just Below||22.22%|14.81%|7.4%|
|Below|11.11%|11.11%|0%|Below|14.81Y0|11.11%|3.7%|Below||11.11%|7.4%|371%|
|Writing Progress||||Reading Progress||||Mathematics|Progress||||
|Exceeding|29.62%|14.81%|18.51%|Exceeding|29.62YO|14.81%|14.81%|Exceeding||3333%|18.51%|14.81%|
|Meeting/Exceeding|96.28%|62.95Y0|37.02%|Meeting/Exceeding|100%|62 95%|37.03%|Meeting/Exceeding||92.58%|59.2%|33.32%|
|Meeting expected|66.66%|48.14%|18.51%|Meeting expected|70.37%|48 14%|22.22%|Meeting Expected||59.25%|40.74%|18.51%|
|Just Below|0%|0%|0%|Just Below|OYO|0%|0%|Just Below||0%|OYD|0%|
|Below|0%|0%||Below|0%|0%|0%|Below||7.4%|3.7%|3.7%|
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|Year Ended 31 July 20|22||||||||
|---|---|---|---|---|---|---|---|---|
||||General|Restricted|2022|General|Restricted|2021|
|||Notes|Fund
f|Fund
F|Total|Fund|Fund|Total|
|Income|||||||||
|Charitable
Activities|||||||||
|School fees receivable||2|6,118,110||6,118,110|5,015,872|-|5,015,872|
|Ancillary
trading
income||3|781,138||781,138|479,555||479,555|
|Other trading
activities|||||||||
|Commercial
trading
operations|||112,505||112,505|107,811||107,811|
|Government
grant - CJRS||||||108,890||108,890|
|Other income|||53,288||53,288|56,124||56,124|
|Donations|||1,000|2,250|3,250||500|500|
|Total income|||7,066,041|2,250|7,068,291|5,768,252|500|5,768,752|
|Expenditure|||||||||
|Charitable
Activities|||||||||
|School operating
costs||5|6,602,732|500|6,603,232|5,512,831|5,000|5,517,831|
|Costs ofgenerating
funds|||||||||
|Commercial
trading
operations||5|94,534||94,534|63,500||63,500|
|Total expenditure||5|6,697,266|500|6,697,766|5,576,331|5,000|5,581,331|
|Net income
/ (expenditure)|||||||||
|before transfers|||368,775|1,750|370,525|191,921|(4,500)|187,421|
|Transfers
between funds|||||||||
|Net income
/ (expenditure)|and||||||||
|movement
in funds for the|year||368,775|1,750|370,525|191,921|(4,500)|187,421|
|Funds as at 1 August 2021|||1,219,836|650|1,220,486|1,027,915|5,150|1,033,065|
|Funds as at 31July 2022|||1,588,611|2,400|1,591,011|1,219,836|650|1,220,486|
##
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|31 July 2022|||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||Notes||||
|Fixed assets|||||||
|Intangible
assets
Tangible assets|||||2,211,213|2,250,756|
||||||2,211,213|2,250,756|
|Current assets|||||||
|Stock|||||53,158|49,967|
|Debtors|||||166,447|223,438|
|Cash at bank and|in hand||||1,204,704|640,065|
||||||1,424,309|913,470|
|Current
liabilities|||||||
|Amounts
falling due within|||one year|12|(1,234,269)|(1,072,584)|
|Net current liabilities|||||190,040|(159,114)|
|Total assets less|current||liabilities||2,401,253|2,091,642|
|Long term liabilities
Amounts
falling due after one year||||12|(810,242)|(871,156)|
|Net assets|||||1,591,011|1,220,486|
|Restricted funds||||13/14|2,400|650|
|Unrestricted
general||fund||13/14|1,588,611|1,219,836|
|Total funds|||||1,591,011|1,220,486|
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|31 July 2022||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Notes||||
|Fixed assets||||||
|Intangible
assets|||8|||
|Tangible assets|||9|2,211,213|2,250,756|
|Investments|||10|2|2|
|||||2,211,215|2,250,758|
|Current assets||||||
|Stocks||||7,984|7,984|
|Debtors||||221,787|302,594|
|Cash at bank and|in hand|||1,162,110|601,123|
|||||1,391,881|911,701|
|Current
liabilities||||||
|Amounts
falling due within||one year|12|(1,201,843)|(1,070,817)|
|Net current
liabilities||||190,038|(159,116)|
|Total assets less|current|liabilities||2,401,253|2,091,642|
|Long term liabilities||||||
|Amounts
falling due after one year|||12|(810,242)|(871,156)|
|Net assets||||1,591,011|1,220,486|
|Restricted funds|||13/14|2,400|650|
|Unrestricted
general fund|||13/14|1,588,611|1,219,836|
|Total funds||||1,591,011|1,220,486|
##
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|Year ended 31 July 2022||||
|---|---|---|---|
|||2022|2021|
||||E|
||Notes|||
|Net cash inflow from operations||904,365|847,544|
|Returns on investments
and||||
|Servicing offinance
Finance costs paid||(34,663)|(33,300)|
|Capital expenditure
and financial||||
|Investment||||
|Payments
for tangible
fixed assets
Proceeds from sale offixed assets||(237,658)
4,375|(153,475)
1,080|
|Net cash oufflow from capital expenditure||(233,283)|(152,395)|
|Financing
Repayment
of bank borrowing
Payment
to finance lease creditors
New finance lease agreements||(40,675)
(31,105)|(28,024)
(27,056)
33,662|
|Net cash (oufflow)
/ inflow from financing||(71,780)|(21,418)|
|Increase
/ (decrease)
in cash in the year||564,639|640,431|
|Reconciliation
of net cash flow to||||
|movement
in net funds||||
|Increase
/ (decrease)
in cash||564,639|640,431|
|Change
in net funds
Net funds at 1 August 2021||564,639
640,065|640,431
(366)|
|Net (debt) funds at 31July 2022||1,204,704|640,065|
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|(i)|Reconciliatio|n
of net|incomi|ng
resources
to net ca|sh flow from operations|||
|---|---|---|---|---|---|---|---|
||||||2022||2021|
||Net income|for the year|||370,525||187,421|
||Elimination|of non-operating||cashflows:||||
||Financing
costs||||34,663||33,300|
||Amortisation|charge||||||
||(Profit)/Loss|on disposal of||fixed assets|2,277||9,690|
||Depreciation|charge|||270,544||241,176|
||(Increase)
/|decrease|in stock||(3,191)||(4,844)|
||(Increase)
/|decrease|in debtors||56,991||80,944|
||Increase
/ (decrease)||in creditors||150,118||276,062|
||Increase
/ (decrease)||in deposits||22,438||23,795|
||Net cash inflow from operations||||904,365||847,544|
|(ii)|Analysis
of|changes|in net|funds||||
||||||At 1||At 31|
||||||August|Cash|July|
||||||2021|flows|2022|
||Cash at bank and
in||hand||640,065|564,639|1,204,704|
||Bank overdraft|||||||
||||||640,065|564,639|1,204,704|
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|Ye|ar Ended 31 July 2022|ar Ended 31 July 2022||||
|---|---|---|---|---|---|
|2|Charitable
activities - School fees|||||
|||||2022|2021|
||Gross school fees receivable|||7,021,201|5,961,501|
||Less:|||||
||Scholarships
Bursaries|||(178,255)
(207,349)|(174,453)
(298,160)|
||Other discounts
and awards|||(517,487)|(473,016)|
|||||6,118,110|5,015,872|
|3|Charitable
activities —Ancillary|trading|income|||
|||||2022|2021|
||Catering
and transport
School trips and other re-chargeables
Entrance and registration
fees
Other income|||577,667
180,492
15,896
7,083|383,717
77,188
14,898
3,752|
|||||781,138|479,555|
##
|School's
own
results
for the year,
Activities:|to distinguish
them
from the consoli|to distinguish
them
from the consoli|dated
Stateme|nt
of Financial|
|---|---|---|---|---|
||Subsidiary|||Charity|
||2022|2021|2022|2021|
|Turnover
and fee income|112,505|107,811|6,501,612|5,290,360|
|Cost ofsales: Subsidiary|(63,254)|(59,748)|||
|Gross profit: Subsidiary|49,251|48,063|||
|Administration:
Subsidiary|(42,529)|(14,533)|||
|Other income|||||
|Income for the year|6,722|33,530|6,967,035|5,671,722|
|Deed ofCovenant|(6,722)|(33,530)|6,722|33,530|
|Gross incoming resources|||6,973,757|5,705,252|
|Costs ofcharitable
activities|||(6,603,232)|(5,517,831)|
|Retained
income|||370,525|187,421|
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|5|Analysis
of Expend|iture|||||||
|---|---|---|---|---|---|---|---|---|
|||||Staff|Other|Depreciation|Total|Total|
|||||costs|costs||2022|2021|
|||||||||f.|
||Charitable
activities-||||||||
||Salary 5Staff Costs||4,172,184||||4,172,184|3,733,159|
||Teaching||||505,585||505,585|295,177|
||Catering||||273,710||273,710|204,063|
||Estates/Grounds||||597,885|227,216|825,101|678,325|
||Governance||||148,111||148,111|71,895|
||Support costs of schooling||||635,213|43,328|678,541|535,212|
||Charity||4,172,184||2,160,504|279,544|6,603,232|5,517,831|
||Cost ofgenerating|funds:|||||||
||Trading costs ofthe|subsidiary|||94,534||94,534|63,500|
||Total Resources Expended||||||||
||Group||4,172,184||2,255,038|270,544|6,697,766|5,581,331|
|6|Expenditure
—Other Disclosures||||||||
||||||||2022|2021|
||Auditors'
remuneration:||||||||
||Audit fees||||||13,470|14,820|
||Accounting
and other compliance|||services|||3,140|4,758|
||Payroll services||||||13,334|10,502|
||Depreciation
of intangible||fixed assets (note 8)||||||
||Depreciation
oftangible fixed assets|||(note 9)|||270,540|241,176|
||Bank and other loan|interest payable|||||35,573|34,002|
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|Ye|ar Ended 31 July|2|022||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|7|Staff Costs||||||||||
||||||||||2022|2021|
||||||||||f.||
||Wages and salaries
Social security costs
Other pension costs||||||||3,371,479
299,333
501,372|3,010,379
258,794
463,986|
||||||||||4,172,184|3,733,159|
||Average
number
of|employees|||||||146|137|
||The number ofhigher||paid employees||was:||||||
||F90,001 —6100,000||||||||||
||Ofthese employees,||the number|with|retirement||benefits||||
||accruing
in defined|benefit pension schemes||||was|||||
||||||||||2022|2021|
||Aggregate
employee||remuneration|of|key management|||personnel|490,168|443,926|
|8|Fixed Assets - Intangible||||||||||
|||||||||Charity|Subsidiary|Group|
||||||Software|||Total|Total|Total|
||||||||f.||||
||Cost||||||||||
||At 1 August 2021|||||33,404||33,404||33,404|
||At 31 July 2022|||||33,404||33,404||33,404|
||Depreciation
At 1 August 2021|||||33,404||33,404||33,404|
||At 31July 2022|||||33,404||33,404||33,404|
||Net book amounts||||||||||
||At 31 July 2021||||||||||
||At 31 July 2022||||||||||
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|||||||Subsidiary|Subsidiary||
|---|---|---|---|---|---|---|---|---|
|||Freehold|Fixtures Computer||Motor|Charity|Fixtures|Group|
|||properties|&fittings|equipm't|vehicles|Total|&fittings|Total|
|Cost|||||||||
|At 1 August 2021||3,435,650|2,755,356|133,746|163,627|6,488,379|1,492 6,489,871||
|Additions||8,000|177,576|27,887|24,195|237,658||237,658|
|Disposals|||(6,657)|-|(16,364)|(23,021)||(23,021)|
|Transfers|||||||||
|At 31July|2022|3,443,650|2,926,275|161,633|171,458|6,703,016|1,492 6,704,508||
|Depreciation|||||||||
|At 1 August|2021|1,942,147|2,072,817|111,579|111,080|4,237,623|1,492 4,239,115||
|Charge for|year|52,433|174,783|14,493|28,835|270,544||270,544|
|Eliminated|on disposals||||(16,364)|(16,364)||(16,364)|
|Transfers|||||||||
|At 31July|2022|1,994,580|2,247,600|126,072|123,551|4,491,803|1,492 4,493,295||
|Net book amounts|||||||||
|At 31 July 2021||1,493,503|682,539|22,167|52,547|2,250,756||- 2,250,756|
|At 31July|2022|1,449,070|678,675|35,561|47,907|2,211,213||- 2,211,213|
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|Ye|ar Ended 31 July 2022||||||
|---|---|---|---|---|---|---|
|11|Debtors||||||
|||||Group|Company||
||||2022f|2021|2022|2021|
||Fees receivable||4,956|121,140|4,956|121,140|
||Trade debtors||59,164|38,953|53,851|38,224|
||Amounts
owed by subsidiary
Deed ofcovenant
payment
Other amounts
owed|undertaking:|||6,722
53,931|33,530
46,355|
||Prepayments
and accrued income||102,327|63,345|102,327|63,345|
||||166,447|223,438|221,787|302,594|
|12|Creditors: payable within one year||||||
|||||Group|Company||
||||2022|2021|2022|2021|
||Loans and bank overdraft||35,530|35,530|35,530|35,530|
||Finance leases and hire||||||
||purchase
agreements
Trade creditors||20,238
93,284|31,104
100,509|20,238
89,997|31,104
100,509|
||Fees received
in advance||31,168|174,588|31,168|174,588|
||Refundable
deposits
PAYE and social security
Accruals and deferred
income||257,912
72,382
723,755|235,474
62,448
432,931|257,912
72,382
694,616|235,474
62,448
431,164|
||||1,234,269|1,072,584|1,201„843|1,070,817|
||Creditors: payable after one year||||||
|||||Group|Company||
||||2022|2021|2022|2021|
||Bank loan||795,771|836,446|795,771|836,446|
||Finance leases and hire||||||
||purchase
agreements||14,471|34,710|14,471|34,710|
||||810,242|871,156|810,242|871,156|
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|Analysis
in mov|ements
in|funds|||||
|---|---|---|---|---|---|---|
|||Balance|||Transfers|Funds|
||1|August 2021|Income|Expenditure|In/(out)|31 July 2022|
|Unrestricted
funds|||||||
|General funds||1,219,836|7,063,704|(6,694,929)||1,588,611|
|Restricted
Funds|||||||
|Drama Outreach|Programme|150||||150|
|Music Department|Fund|500||(500)|||
|Tree Planting|||2,250|||2,250|
|||650|2,250|(500)||2,400|
|Total funds||1,220,486|7,065,954|(6,695,429)||1,591,011|
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|Analysis
in mov|ements
in|funds —previo|us year|||||||
|---|---|---|---|---|---|---|---|---|---|
|||Balance|||Transfers||||Funds|
||1|August 2020|Income|Expenditure||In/(out)|31|July 2021||
|||f.||||||||
|Unrestricted
funds||||||||||
|General funds||1,027,915|5,768,252|(5,576,331)||||1,219,836||
|Restricted
Funds||||||||||
|Clockhouse
Clock
Drama Outreach
Programme
Music Department
Fund||5,000
150|500||(5,000)||||150
500|
|||5,150|500||(5,000)||||650|
|Total funds||1,033,065|5,768,752|(5,581,331)||||1,220,486||
|Allocation of Net Assets||||||||||
|||Restricted
Unrestricted||Total|Restricted|Unrestricted|||Total|
|||Funds|Funds|Funds|Fund||Funds||Funds|
|||2022|2022|2022|2021||2021||2021|
||||||||||F|
|Fixed Assets|||2,211,213 2,211,213|||2,250,756|||2,250,756|
|Cash at bank||2,400|1,202,304 1,204,704||650|639,415|||640,065|
|Other net current
liabilities
Creditors
due after one year|||(1,014,664)(1,014,664)
(810,242)
(810,242)|||(763,649)
(906,686)|||(763,649)
(906,686)|
|Total||2,400|1,588,611 1,591,011||650|1,219,836|||1,220,486|
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