2023-07-31-accounts

Company registration number: 00957506 Charity registration number: 307003

Est. 1919

BRAMBLETYE

BRAMBLETYE SCHOOL TRUST LIMITED

(A company limited by guarantee) Annual Report and Financial Statements

for the Year Ended 31 July 2023

BREBNERS Chartered Accountants & Statutory Auditor C/O Brebners 130 Shaftesbury Avenue London W1D 5EU

BRAMBLETYE SCHOOL TRUST LIMITED

Contents

A SSS SIA	A SSS SIA
Reference and Administrative Details	1to2
Trustees Report (incorporating strategic report}	3to 12
Strategic Report	6
IndependentAuditor's Report	13to 15
Statement of Financial Activities	16
Balance Sheet	17
Statement of Cash Flows	18
NotestotheFinancialStatements	19to29

BRAMBLETYE SCHOOL TRUST LIMITED

Reference and Administrative Details

a	a	i	inal
Chairman	MrN J Perry
Trustees	MrLl AArmstrong
	MrCJ Beazley
	MrsL$A Curra
	MrT ACN Dawson (resigned 20 June 2023)
	Mr BH Dunhill
	Mr MJ Lascelles (resigned 20June 2023)
	MrSNA Leefe
	Mrs H R Kelso
	Mr MR Marten (resigned 20June 2023)
	Mr R CW Mason
	Mr RA Porter
	Ms Lj Watts
	Mrs § t Seagrave (appointed 22 November 2022}
Secretary	MrN S Hollamby
Registered Office	Brambletye School
	Lewes Road
	East Grinstead
	West Sussex
	RH19 3PD
	The charity is incorporated in England and	Wales
Company Registration Number	00957506
Charity Registration Number	307003
Auditor	Brebners
	Chartered Accountants & Statutory Auditor
	C/O Brebners
	130 Shaftesbury Avenue
	London
	W1DSEU

Page 1

BRAMBLETYE SCHOOL TRUST LIMITED

Reference and Administrative Details

reenter nnteteieenenmmnamnnmmemmenmmenmnneel Solicitors: Moore Barlow LLP The Oriel Sydenham Road Guildford Surrey GU1 3SR Bankers Lloyds Bank plc 1-3 London Road East Grinstead West Sussex RH149 1AH

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BRAMBLETYE SCHOOL TRUST LIMITED Trustees' Report (incorporating the directors’ report) Cea nn The Trustees, who are directors for the purposes of company law, present their annual report together with the financial statements and auditor's report of the charitable company for the year ended 32 July 2023.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Nature of governing document

The charity is a charitable company that was incorporated on 3 July 1969. It is governed by the Memorandum and Articles of Association and Is registered with the Charity Commission under charity number 307003.

Recruitment and Appointment of Governing Body Members

The members of the Governing Body are also directors of the company and trustees of the charity.

The Memorandum and Articles of Association call for a minimum of seven and a maximum of thirty members of the Governing Body. New appointments are only made where the person is deemed to be appropriate to further the aims of the charity and capable of providing relevant skills and experience.

Each member of the Governing Bcdy is required to commit to serving a term of five years, with the option to serve a subsequent term of five years and a further option to serve successive terms of three years thereafter.

induction and Training of Governing Body Members

Upon appointment new members of the Governing Body are provided with an introduction to the workings of the School and its legal and management structures by the Chairman, Headmaster and Bursar (who also acts as Clerk to the Governors), The induction includes a review of the financial position, its academic and other achievements, longer term plans and the Governing Body's policies and procedures. Existing members are provided with regular briefings to keep their knowledge current and are encouraged to attend relevant seminars.

Organisational structure

The Governing Body meets as a Board at least three times a year to determine the School's general policy and to review the overall management and control arrangements and the financial position. The implementation of the Board's policies is monitored mainly by the Executive Committee and the Education Committee which meet regularly before each meeting of the Board. The Executive Committee focuses mainly on financial and premises/property matters, while the Education Committee oversees the School's educational provision. In addition, Governors are selected to serve on four other standing committees ~ Development, Marketing, Remuneration and Governor Nominations.

The day to day running of the School is delegated to the Headmaster and the Bursar, supported by other senior executives who together form the Senior Management Team.

Relationships

The School co-operates with many local groups and charities in an ong#ng endeavour to contribute locally, to widen public access to the School's facilities and to awaken in the pupils a full awareness of the context of the education that they receive at the School. Brambletye continues to develop its close links with Ashurst Wood Senior Citizens, as well as several local primary schools including Ashurst Wood, Blackwell, Halsford Park, St Mary's and St Peter's. Brambletye also benefits from the generosity of a thriving network of Old Brambletyeans whose close support Is appreciated and acknowledged. Brambletye School is an active member of the Independent Association of Preparatory Schools {1APS) and the Independent Schools’ Bursars’ Association (ISBA) which are constituents of the tndependent Schools Council (ISC). It is also a member of the Boarding Schools Association (BSA). The Governing Body is a member of the Association of Governing Bodles of Independent Schools {AGBIS) and Governors’ benefit (both individually and collectively) from the training and regular updates provided by this organisation.

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BRAMBLETYE SCHOOL TRUST LIMITED

Trustees’ Report (incorporating the directors’ report)

aS SD

OBJECTIVES AND ACTIVITIES

Our vision & purpose

“To prepare our pupils for a rapidly changing world by instilling in them critical thinking skills, a global perspective, and a respect for the core values of perseverance and kindness. Our pupils will flourish today and be prepared for tomorrow within a school that values a joyful childhood.”

Our vision is underpinned by our values which provide the bedrock for al! of our initiatives, including three Core Pillars and eight Themes as identified in our Strategic Direction Plan. The three Strategic Pillars are - Education, Experience & Evolution - from which flow eight key themes - Educational Enterprise, Pastoral Care & Wellbeing, Co-Curricular Experience, Pupil Personality, Community & Social Impact, Professional Development, Future-Fit and Engagement.

Objects and aims

The School’s Strategic Direction Plan is an attempt to link the broad aims of the School to specific aspects of School life and show how, over a three year period, Brambletye will seek to meet each aim.

The School strives to offer a truly broad and stimulating education and to maintain its reputation nationally and internationally as one of the finest preparatory day and boarding schools in England. With excellent accommodation and teaching facilities set in 140 acres of Sussex parkland the schoo! offers pupils and their families time and space in which to make the educational journey from age 2 to 13. The School aims to combine the best traditions of a prep school within a true community of learners, pupils who are prepared to strive to fulfil their potential and who are equipped for life in a ‘global village’.

The School aims for excellence in the classroom in order to sustain the School's strong academic reputation. Each year scholarships and academic awards to senior schools demonstrate the achievement of Brambletye pupils. The School encourages and expects high standards of teaching and educational practice. The three main qualities demanded of teaching staff are exceptional subject knowledge, strong classroom management and the ability to inspire the children in the classroom and beyond.

Gur values

The School's values are “Work Hard, Play Hard & Be Kind” which we seek to develop in each member of the school community as values for life.

Working hard means putting in your best effort and dedicating your energy to learning and growing every day. We believe that by working hard, we not only achieve our goals but also develop important skills and values that will benefit us throughout our lives.

A Brambletyeian demonstrating this value will:

• » Set themselves the highest standards in their classwork and prep; e Approach academic study with confidence and optimism, preserving when faced with challenges; ¢ Display resilience when faced with setbacks or disappointment;

• Listen openly and carefully to constructive criticism, using it as a springboard to improve and grow.

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BRAMBLETYE SCHOOL TRUST LIMITED

Trustees' Report (incorporating the directors’ report) eetSSA A i SS Playing hard is about embracing the spirit of fun, creativity, and sportsmanship in everything we do. We believe that by giving our all in our sporting and creative endeavours, we learn important teamwork and leadership skills, as well as the value of a healthy work-life balance.

A Brambletyeian demonstrating this value will:

• © Give their all on the sports field, even when faced with considerable challenge or adversity;

• Embrace new experiences and challenges, using them as a chance to develop resilience and creativity, and to form life-long bonds with peers;

• Take the opportunity to represent their house and the school in sporting or creative competitions;

• Set themselves the highest standards in their sporting and creative endeavours, working determinedly to achieve them. Be kind means treating others with respect, empathy and compassion no matter who they are. We believe that by being kind to ourselves, others and the world around us, we not only create a warm and inclusive community, but we also forge powerful relationships that will enrich our school experience and stay with us throughout our lives.

A Brambletyeian demonstrating this value will:

• ¢ Take a sincere and active interest in the lives of others, understanding the vatue of service;

• « Strive towards creating an inciusive and loving community; + Support and uphold those who are struggling; « Respect the views of others, even If they are different from our own;

• Understand that we must also be kind to ourselves and to the earth on which we live.

Principal Activities

• To achieve our vision, we focus on eight key themes.

• Educational Enterprise - to deliver an exceptional, progressive and inspirational academic experience for all children.

• ¢ Pastoral Care & Wellbeing - to promote a proactive and responsive pastoral environment that ensures the welfare, happiness and safety of all our community.

• Co-Curricular Experience - to provide a broad, inclusive and contemporary co-curricular programme to challenge pupils and develop curiosity, skills and passions.

• Pupil Personality - to develop and instil the qualities of character that will allow our young people to thrive both at Brambletye and beyond.

• ¢ Community & Social Impact - ta inspire and engage pupils and staff to have a positive impact on the world around them. * Professional Development - to develop and retain a diverse and high-performing staff body who are engaged, motivated and continuously supported.

• ° Future Fit - to remain competitive, independent and sustainable through strong governance and Inspiring leadership.

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BRAMBLETYE SCHOOL TRUST LIMITED Trustees’ Report (incorporating the directors’ report)

Ceeen eel Strategic Report for the Year Ended 31 July 2023 e

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The Trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 July 2023, in compliance with Section 414C of the Companies Act 2006.

ACHIEVEMENTS AND PERFORMANCE

Pre-Prep

The Pre-Prep welcomes children between the ages of 2 and 7 years and provides them with an outstanding education. Brambletye looks to meet the needs of the Individual, and smail class sizes enhance every child's chance to enjoy success both Inside and outside the classroom.

Bramblebabies and BrambleBabes in the Woods take place each week and are attended primarily by parents Interested in a Brambletye education. Each Wednesday parents and toddlers meet in our beautiful ancient woodland where they can be sure of all kinds of exciting, creative and possibly muddy activities...... and who doesn’t love a ‘bear hunt’? Similarly, each Friday parents, babies and toddlers meet in our Hall to catch bubbles, roll in the ball pit or to simply enjoy the fun that surrounds them. It is a place where grown-ups can meet friends old and new in a lovely environment. Safe in the knowledge that their children are making magical memories.

The Pre-Prep has a thriving Nursery, the majority of whom transition into Reception. While Reception children continue to follow the Early Years curriculum, some may cross over into Keystage 1 learning where it is deemed to be appropriate. Teaching is guided by the National Curriculum, but the needs and interests of the children inform all planning. All year groups enjoy a specific outdoor learning area, the theme of which is changed each week to support the ‘Book of the Week’ or topic and is always suited to their learning needs. Staff work hard to ensure that every child enjoys academic success, but great emphasis is * also placed upon ‘being our best «elves! - r.anners, courtesy and being pait of a caring community.

Secambletye Nursery is a self-contained area of the Pre-Prep building comprising 3 classrooms, 2 cloakrooms and a comprehensive outdoor covered area allowing free flow learning. it benefits from a large playground which was recently completely reimagined with safety surfacing, a water wall, an active play trail and story area. Sand boxes and ‘moveable parts’ play provide a stimulating child led play area providing endless opportunities for fun. Our extensive grounds and woodland ensure sensory walks and woodland adventures are regular activities for nursery children. Being part of the ‘Brambletye community’, begins in Nursery and every child belongs ta a ‘House’, which will mirror that of any family member, past or present. Our older Nursery children attend some assemblies in the Pre-Prep hall, this increases as the year progresses. All Nursery children enjoy French and Music lessons with specialist Prep School teachers and Swimming from Nursery 2. Our Nursery children are valued members of the School community and this allows a seamless transition as they continue their learning journey through the School.

Ensuring the happiness and success of every child here is at the core of all we do. In the classroom, children read every day toa member of staff from their own reading book as well as enjoying group guided reading sessions. Maths is accessible, meaningful and enjoyable. Children are encouraged to work together, to talk about their learning and to develop a ‘mastery’ in Maths that ensures understanding and allows them to apply their knowledge to explore and solve problems. In Sclence, children are encouraged to ask questions, given the opportunity to test hypothesis and the confidence to ‘have a go’. Our curriculum is tailored to the needs of every individual because we all have a voice that is heard and valued.

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BRAMBLETYE SCHOOL TRUST LIMITED

Trustees’ Report (incorporating the directors’ report) ec - nthht S Strategic Report for the Year Ended 31 July 2023

Within the Pre-Prep, outdoor activities, whether they are sport-related or part of ‘School in the Woods’, take place on a daily basis. ‘School in the Woods’ ensures all kinds of exciting activities occur, come rain, shine or snow. For both staff and children, boots and waterproof clothing are essential parts of the school uniform! Children in Years 1 and 2 enjoy three sessions of PE/Games/swimming each week which encourages them to be creative, cooperative and competitive. Such activities can ease any anxieties or stress and result in increased attention in the classroom. They also allow personal development across all areas of learning and produce free-thinking, motivated Individuals, keen to meet the challenges of life. The School believes that children engaged in active learning opportunities have an increased vocabulary, greater self-awareness and greater empathy for others.

There continues to be an emphasis on an ‘all-round, creative’ curriculum within the Pre-Prep. Music lessons are fun and interactive. Children are encouraged to take up an instrument, some as young as Reception age. The Pre-Prep continues to employ a professional dance teacher for Reception and Years 1 and 2. All children learn French and are taught by a member of the Modern Foreign Languages department. Classroom teachers consolidate learning on a dally basis to ensure that children engage confidently with the spoken language. French Day, which takes place in the spring term, provides a wonderful opportunity to celebrate the culture and traditions of France.

The curriculum is further enriched by a broad range of after school activities and a ‘Stay and Play’ option which parents can opt into on a daily basis or by a longer-term agreement. Every member of staff offers a club, which is usually rotated on a termly basis to ensure breadth of cholce. These clubs do not incur a fee. Clubs offered by an outside agency do incur a charge and these are consistent throughout the year and currently include tennis, football, rugby or cricket, gymnastics, yoga, golf, LAMDA, chess and ballet. LAMDA is a popular choice with every child receiving a distinction (the highest possible grade) in the 2 years we have offered this option.

Links with the parent body continue to strengthen with parent representatives arranging class socials and supporting activities at Christmas and in the summer, Summer Fun Day being the perfect example of this. Fortnightly 'assemblies' and celebrations are very well supported and enjoyed by parents. There are also numerous activities such as Book Week, our annual poetry competition, International Week, the Book Fairs, Christmas Week, Educational Trips and Visits, Visiting Authors, Musical Extravaganzas and Musical Concerts, and the Christmas Play in the School theatre, which together allow every parent the opportunity to be a part of their child's schoo! life.

The links between the Pre-Prep and Prep School remain strong. The Directors of Sport, Music and Modern Foreign Languages teach classes throughout the Pre-Prep and the School continues to recognise the importance of the transition between Years 2 and 3. Year 2 children represent the Pre-Prep on the Student Council, sing in the November Charity Concert and join the Prep Schoot for the Christmas carol service at St. Swithuns in East Grinstead. Every child in the Pre-Prep benefits fram being a member of the Brambletye community, be it performing in the theatre, enjoying Prep School productions or the Summer Term visits of the Year 8 children who lead workshops or simply enjoy supporting the learning of the younger children.

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BRAMBLETYE SCHOOL TRUST LIMITED

Trustees’ Report (incorporating the directors' report) a A

Strategic Report for the Year Ended 34 July 2023

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Brambletye's record of academic success continues to be very good, and all the 2023 Year 8 leavers passed successfully into the senior schools of their parents' chaice. This comprised thirteen different senior schools and ten drama, art, DT and sport scholarships were won by pupils. 46% of all grades awarded at Common Entrance were Aor A grades and 91% of all grades were A-C which indicates another excellent year for the senior pupils at Brambletye and reflects well on the strength and breadth of the School's curriculum overall.

in January 2023 Brambietye launched the Brambletye Award system. The Brambletye Award is a new initiative designed to quantify all the (qualitative) co-curricular skills and qualities that pupils achieve over their time at Brambletye. It is a method of recognising the involvement a pupil has in a range of components, designed to allow the pupils to demonstrate their character through positive qualities and personal characteristics. The first Awards were presented in July 2023 and included: 1 Silver Award (Y8), 7 Bronze Awards (Y7&8)}; 3 Silver Diplomas (Y6); and 9 Bronze Diplomas (Y6).

Through a wide ranging and engaging programme of co-curricular activities, pupils are able to demonstrate and be recognised for the development of outstanding personal qualities. Opportunities to demonstrate this are through: the timetabled co-curricular Monday sessions; in ‘extras’ and after school activities; in competitions and events; through working towards co-curricular qualifications and through personal involvement in suitable and appropriate organisations that are focussed on developing positive persona! characteristics within young people.

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Charitable giving

The School Charity for the academic year 2022-23 was Hope & Homes for Children In the Ukraine. The aim of this charity is to make institutions such as orphanages a thing of the past - focussing Instead on enabling children to remain in their own homes with their famities or in family-based alternative care. Hope & Homes for Chifdren currently operates in 9 countries worldwide but we made the decision to channel the funds raised during this year’s fundraising exclusively to their operations in the Ukraine. During the course of the year the pupils and staff were involved in a wide range of fund-raising ventures including our annual Art Auction, a 100k in May running challenge, Burns’ Night Supper, a home clothes day, cross country hikes, cake sales and sponsored bike rides. £43,196 was presented to Hope & Homes for Children on Friday, 15th September 2023, The Schoo! Charity for the academic year 2023-24 will be Baby2Baby. The aim of this charity Is to collect donations of baby and children's clothing and essential items and redistribute/gift them to families in need in East Sussex and the surrounding areas.

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BRAMBLETYE SCHOOL TRUST LIMITED

Trustees’ Report (incorporating the directors’ report)

eel Strategic Report for the Year Ended 31 July 2023

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Public benefit

The Governing Body has referred to the Charity Commission's general guidance on public benefit when reviewing the aims and objectives of the School. Where fees are charged, they are set at a level to ensure the financial viability of the School and at a level that is consistent with providing a first class education to all pupils. The School is a charitable company with no external shareholders and no possibility of making distributions, including in the form of dividends. All surpluses are re-invested in educational provision.

The School continues to develop its links with local primary schools. Ashurst Wood Primary School use the Schoo! facilities at least weekly including the Theatre, Swimming Pool and Sports Hall. The annual football festival of local primary schools, and the primary schools' Cross-Country Event remain annual events in our calendar.

Brambletye promotes community links by making its facilities available to local people and by engaging where practicable in community affairs. A number of the School's excellent sports, theatrical snd arts facilities are provided free or at modest cost to ine local community. The School continues to offer its facilities to local and overseas users with several organisations regularly using the facilities both in term time and during the school holidays.

Elderly members of the local community were invited to a number of different events throughout the year including Christmas Tea, Carols around the Christmas Tree and performances of school plays. The pupils have also been encouraged to contribute to community life and to community welfare and a great deal has been achieved through charitable giving, details of which are given above. The School maintains close links with the Local Food Bank and is raising funds and supplies in addition to raising money for this year's chosen charity.

The Governors believe it Is important that access to the education offered is not restricted to those who can afford full fees. In the Spring Term 2023, eight puplls attended the annual assessment for Foundation Bursary Awards. Foundation Bursaries are awarded each year to help support children who are talented academically but whose parents could not otherwise afford the school fees. Bursary grants are awarded up to 100% of the fees, dependent on family resources.

The full amount of scholarships, bursaries, remissions and allowances awarded by the School in 2022-23 was £847,284 (2021-22: £691,188) to provide financial assistance to support children whose parents would not otherwise have been able to afford a Brambletye School education and reward academic, sporting and musical excellence. This resulted in 139 (2021-22: 146) pupils receiving fee concessions from the School.

FINANCIAL REVIEW

The School's incoming resources (excluding donations) for the year ending 31 July 2023 increased by £755,611 to £5,743,087 whilst total expenditure increased by £351,839 to £5,266,946. The surplus achieved of £479,285, including glfts, donations and investment gains, enables the School to invest for the future. Total funds carried forward amounted to £9,205,855, primarily comprised of Freehold Land and Bulldings.

Pay and Remuneration of Management

The Senior Staff Salary Review Committee is chaired by the Chairman of Governors and usually meets in the summer term to decide the remuneration of key management personnel! for the following academic year. Industry benchmarks and parameters are used to assist in setting remuneration.

Fixed Assets

The movements in fixed assets are set out in note 14 to the financial statements.

The members of the Governing Body are of the opinion that the market value of the School's interests in freehold land and buildings are in excess of those amounts disclosed in the financial statements.

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BRAMBLETYE SCHOOL TRUST LIMITED

Trustees’ Report (incorporating the directors’ report)

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Strategic Report for the Year Ended 31 July 2023

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Capital Programme

During the year work on the Jubtlee Garden was completed in the heart. ofthe school’s campus. There has been substantial investment in the IT infrastructure including new Google Chromebooks, intesactive whiteboards, laptop computers and a new ValP telephone system. In addition, work on the new nursery playground was completed, the Prep School reception area was refurbished, the entrance driveway resurfaced, a new minibus and tractor was purchased, an electrical monitoring system was installed, the tennis courts floodlights were replaced, the Theatre foyer was upgraded and an energy management system together with radiator controls were installed in the Pre-Prep.

investment policy and objectives

The members of the Governing Body are authorised by the governing document to invest any monies of the School not immediately required for its purposes as they see fit, subject to any legislative requirements.

Policy on reserves

At 31 July 2023, the School had unrestricted funds of £9,186,430. The Governing Body has a long-standing policy to build sufficient reserves to enable the ongoing activities of the School to be maintained. The general aim is to ensure an adequate surplus is achieved each year.

The Governing Body continues to review the current asset position of the School to ensure that it has sufficient working capital to meet Its obligations. The School anticipates that its on-going activities will allow it to build a modest level of reserves to support an on-going programme of development and improvements and to provide scholarships and bursaries.

The Governing Body regard ‘free’ :zserves as being the reserves of the Sciiool after deducting fixed assets and any funds held as ‘restricted. On the basis described, the School has a surplus of free reserv.zs of £478,769 (2021-22: £11,168} which Is common amongst other charities that have substantial fixed assets in use. During the year, reserves of the School were used to fund capital projects and with positive cash flows expected over the coming years, the School anticipates that it will continue to build up the 'free’ reserves in the future.

FUTURE PLANS AND DEVELOPMENTS

The current School Development Plan was adopted by the Governing Body in 2018. It is currently being reviewed by the Senior Management Team and Governing Body and an updated version will be published during the 2023/24 academic year.

The School will continue to enhance the standard of education it offers and to improve its links with the Community. The Governing Body are committed to offering bursarial support and to continulng its current strategy of maintaining the School's position in a competitive market by investing to provide high quality education for our pupils. Currently the School is planning to continue improving its iT and classroom facilities during the forthcoming academic year. New Interactive Whiteboards have been installed in all classrooms and the school has increased the number of Chromebooks available to pupils and staff.

The School is currently undertaking a review of its buildings, plant and infrastructure in order to develop a renewables strategy to reduce its carbon footprint and to mitigate rising energy costs. Looking further ahead the School aspires to extensively refurbish the Theatre, extend and upgrade the existing indoor swimming pool and look to create plans for a new STEM centre.

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BRAMBLETYE SCHOOL TRUST LIMITED

Trusiees' Report (incorporating the directors’ report)

Strategic Report for the Year Ended 31 July 2023

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GOING CONCERN

The Governors have assessed the ability of the School to continue as a going concern and have considered several factors when forming their conclusion as to whether the use of the going concern basis is appropriate when preparing these financial statements. Governors believe that there is an expectation that the school has in place adequate resources and a sufficiently robust financial action plan to continue in operation for the future. In arriving at this assessment, they have taken into account the short and medium-term impact of factors such as the UK economy, the global increase in price of gas and electricity and a change in political policy. They have also taken into account the financial sustainability of the Schoo! and have prepared detailed financial projections by means of cash flow forecasts and budgets to support their conclusions. The School’s marketing strategy will continue in order to attract parents to the School and its cost base is continuously under review. For these reasons, the Governing Bady continues to adopt the going concern basis in preparing the financial statements.

PRINCIPAL RISKS AND UNCERTAINTIES

The Board have established a policy of regular review of risk management procedures and consider that the major risks to which the School is currently exposed include changes in the political lendscape and its impact on independent schools, the impact of changes in Charity Law and its application by the Charity Commission, the current state of the economy including the risk of a recession and adverse events which impact the School's reputation. The School's risk matrix is reviewed termly by the Education Committee, Executive Committee and Governing Body together with the Headmaster and Bursar. This regular review ensures that appropriate systems and procedures are in place to identify, manage and mitigate any potential exposure.

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BRAMBLETYE SCHOOL TRUST LIMITED

Trustees’ Report (incorporating the directors’ report)

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TRUSTEES' RESPONSIBILITIES STATEMENT

TRUSTEES' RESPONSIBILITIES STATEMENT ‘ The Trustees (who are also the directors of Brambletye School Trust Limited for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Ac.ounting Practice) and applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its Incoming resources and application of resources, including itsi ncome and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements an the going concern basis unless It is Inappropriate to presume that the charitable company will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible fo- “he maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governir., wi preparation and dissemination of financial statements may differe from legislation in other jurisdictions.

Reappointment of auditor

The auditors, Brebners, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

Disclosure of information to auditor

Each Trustee has taken the steps that they ought to have taken as a Trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The Trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

The annual report was approved by the Trustees of the charity on 28 mov. 2023, nd signed on its behalf by:

Mr NS Holiamby Company Secretary

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BRAMBLETYE SCHOOL TRUST LIMITED

independent Auditor's Report to the Members of Brambletye School Trust Limited rren av nT nf A PE Pt PPS

Opinion

We have audited the financial statements of Brambletye School Trust Limited (the 'charity'} for the year ended 31 July 2023, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice}.

In our opinion the financial statements:

• give a true and fair view of the state of the charity's affairs as at 31 July 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards c;: Auditing (UK) (ISAs (UK}) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethica! 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 Trustees 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 charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other Information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. 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. In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. if we Identity such material inconsistencies or apparent material misstaternents, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Opinion on other matters prescribed by the Companies Act 2006

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

• the information given in the Strategic Report and Trustees Report for the financial year in which the financial statements are prepared are consistent with the financial statements; and

• e the Strategic Report and Trustees Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charlty and its environment obtained in the course of the audit, we have not identifled material misstatements in the Strategic Report and the Trustees Report.

Page 13

BRAMBLETYE SCHOOL TRUST LIMITED

Independent Auditor's Report to the Members of Brambletye School Trust Limited

ec

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, In our opinion: * adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or * the financial statements are not in agreement with the accounting records and returns; or ¢ certain disclosures of Trustees remuneration specified by law are not :siade; or * we have not received all the information and explanations we require forour audit. Responsibilities of Trustees As explained more fully in the (set out on page }, the Trustees 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 contro! as the Trustees determine is necessary to enable the preparation of financial statements that are free from materia! misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity'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 Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor 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 auditor’s 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: As part of designing our audit, we determines: materiality and assesse:| the risks of material misstatement in the financial statements, including how frauc may occur by enquiring of the trustees thelr own consideration of fraud. In particular, we tmaked at where the trustees macia subjective judgements, for exampie in vespect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how the trustees monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by the trustees.

We gained an understanding of the legal and regulatory framework applicable to the Charity and the industry in which it operates and considered the risk of acts by the Charity that were contrary to these laws and regulations including fraud.

We made enquiries of the trustees with regards to compliance with the above laws and regulations and corrobated any necessary evidence to relevant information, for example, meeting minutes of the trustees and correspondance between the Charity and its solicitors.

Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management.

We did not identify any key audit matters relating to irregularities, including fraud. As in all of our audits, we also addressed the risk of management override of internal controls Including testing journals and evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement cue “9 freud.

Our audit procedures were designed to respond to risks of material mi: siatenent in the financial statements, recognising that the risk of not detecting a materia! misstatement due to fraud is higher tan the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentaiions or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

Page 14

BRAMBLETYE SCHOOL TRUST LIMITED

Independent Auditor's Report to the Members of Brambietye School Trust Limited

en an a a tel

Use of our report

This report is made solely to the charitable company's Trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's Trustees 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 charitable company and its Trustees as a body, for our audit work, for this report, or for the apinions we have farmed.

Martin Widdowson (Senior Statutory Auditor)

For and on behalf of Brebners, Statutory Auditor C/O Brebners 130 Shaftesbury Avenue London W1D 5EU

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BRAMBLETYE SCHOOL TRUST LIMITED

(Registration number: 06957506) Balance Sheet as at 31 July 2023

een nagea		een	nenmenemnmennenel
		2023	2022
	Note	£	£
Fixed assets
Tangible assets	14	8,707,661	8,680,869
Current assets
Debtors	15	424,872	324,503
Cash at bank and in hand	16	1,205,628	1,184,513
		1,630,500	1,509,016
Creditors: Amounts fallingduewithin oneyear	17	{711,791}	(882,583)
Netcurrent assets		918,709	626,433
Yotal assets tess current liabilities		9,626,370	9,307,302
Creditors: Amounts fallingdue after more than one year	18	(420,515)	(580,732}
Net assets		9,205,855	8,726,570
Funds ofthe charity:
Restricted income funds
Restricted Funds	21	19,425	34,533
Unrestricted Income funds
Unrestricted Funds	21	9,186,430	8,692,037
Totalfunds		9,205,855	8,726,570

The financial statements on pages 15 to 23 were approved by the ‘rustees, and authorised for issue on2h, NOM. U3 and signed on their behalf by:

Mr SN ALeefe Trustee

Mr N J Perry Chairman and Trustee

The notes or pages 19 to 29 farm an inteeral part of these financial statements. Page 17

BRAMBLETYE SCHOOL TRUST LIMITED

Statement of Cash Flows for the Year Ended 31 July 2023

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |.| |eet|eeteeeeonmn enn|.annanient—|ntahiatet——|meeaumiens| |“|2023|2022| |£|E| |Cash|fiows from|operating|activities| |Net|movement|in|funds|;|479,285|$9,036| |Adjustments|to|cash flows from|non-cash|items|.| |Depreciation|288,080|276,756| |Investment|income|(8,685)|(242}| |758,680|365,550| |Working|capital|adjustments| |Increase|in|debtors|(100,369)|(89,750)| |Increase|in|creditors|191,419|163,082| |(Decrease)}/increase|in|deferred|income|(130,761)|178,986| |Net cash|flows from|operating|activities|718,969|617,868| |Cash flows|from|investing|activities| |Interest|receivable|and|similar|income|8,685|242| |Purchase|of tangible|fixed|assets|(314,871)|(224,194)| |Proceeds|fram|sale|of tangible|fixed|assets|-|680| |Net|cash|flows from|investing|activities|(306,186)|(223,272)| |Cash|flows from|financing|activities| |Repayment|of borrowings|(391,668)|(408,623)| |Net|increase/(decrease)|in|cash|and|cash|equivalents|21,115|(14,027}| |Cash|and|cash|equivalents|at|1 August|1,184,513|1,198,540| |Cash|and|cash equivalents|at 31 July|1,205,628|1,184,513| |All|of the|cash|flows|are|derived|from|continuing|operations.|

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

The notes on pages 19 to 29 form an integral part of these financlal statements. Page 18

BRAMBLETYE SCHOOL TRUST LIMITED

Notes to the Financial Statements for the Year Ended 31 July 2023

re eee a nL A a a PR a CHARITY STATUS STATUS The charity is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the Trustees is {lable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: Brambletye School Lewes Road ‘ East Grinstead West Sussex RH19 3PD :

1 CHARITY STATUS STATUS

2 ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out belaw. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financia! Reporting Standard applicable in the UK and Republic of ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011. Basis of preparation : Brambletye School Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and ltabilitles are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterling, which is the functional currency of the Charity.

Going concern ;

The statement of financial position at 31 July 2023 showed the Trust had net current assets amounting to £918,709 and net assets of £9,205,855.

After making enquiries, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Accordingly the financial statements have been prepared under the going concern basis which the Trustees believe to remain appropriate.

Page 19

BRAMBLETYE SCHOOL TRUST LIMITED

Notes to the Financial Statements for the Year Ended 31 July 2023

a a

Judgements and Key Estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. Key assumptions and other estimation uncertainties provide a risk of causing a material adjustment to the carrying values of assets and liabilities.

Judgements and estimates that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be recelved and the amount of the income receivable can be measured reliably.

Donations and legacies

vonations are recognised in the year in which the charity is entitled to receipt, it is considered probable that they will be received and the amount can be measured reliably.

Deferred income

Deferred income represents amounts recelved for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

• The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.

Charitable activities

Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, It is probable settlement Is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Roising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Page 20

BRAMBLETYE SCHOOL TRUST LIMITED

Notes to the Financial Statements for the Year Ended 31 July 2023

nnn

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and Trustees meetings and reimbursed expenses.

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in ‘other income' in the same period as the related expenditure.

Corporation Tax

As a registered charity which uses the whole amount of its total incoming resources in furtherance of its charitable objectives, the company is not liable to direct corporation taxation.

Value Added Tax {VAT}

The School is not registered for VAT. All amounts in the financial statements are shown inclusive of VAT, where applicable.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase In the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. ‘

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, fess any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Freehold buildings Between 40 and 400 years Furniture and fittings Over 10 years Equipment and motor vehicles Over 5 years

Debtors

Trade debtors and other debtors are recognised at the settlement amount due after any fee remissions offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 21

BRAMBLETYE SCHOOL TRUST LIMITED

Notes to the Financial Statements for the Year Ended 31 July 2023

Cn mmmeaen eae cae peamacnnan ate anpm

l

Creditors and provisions

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 rellably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Borrowings

interest-bearing borrowings are initially recorded at fair value, net of transaction costs. interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the tiability for at least twelve months after the reporting date.

Fund structure

unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes. Sundry restricted funds represent several donations made on the understanding that they would be used for specific purposes. Any such income has been disclosed as restricted fund income and expenditure therefrom also has been disclosed as restricted fund expenditure. The residue of these donations which is, as yet, unspent is reflected in these financial statements as the balance of sundry restricted funds carried forward to the next accounting period.

The Centenary Appeal! fund represents a specific appeal that has been embarked upon to provide funds for the extension and improvement of the School's facilities under the Centenary Development Plan. Any income from this appeal has been disclosed as restricted fund income and any expenditure therefrom has been disclosed as restricted fund expenditure.

Pensions and other post retirement obligations

During the year the School operated a defined contribution pension scheme for its staff. Contributions to the scheme were charged to the Statement of Financial Activities and are recognised in the period to which they relate. Differences between contributions payable and amounts actually paid are shown either as debtors or creditors

3	INCOME FROM DONATIONS AND LEGACIES
	.	Unrestricted		Restricted	Total	Total
		Funds		Funds	2023	2022
		£	:	£	£	£
	Donationsfrom individuals and legacies	=		4,502	4,502	21,047
		. Eee	4,502 Fel		4,502 ne ed	21,047 Bd

Total restricted income for 2023 is £4,657 (2022: £21,054). This includes interest receivable on bank deposits of £155 (2022: £7) as per Note 5.

Page 22

BRAMBLETYE SCHOOL TRUST LIMITED

Notes to the Financial Statements for the Year Ended 31 july 2023

A PPPOE A GS a

4 INCOME FROM CHARITABLE ACTIVITIES

			Unrestricted	Restricted	Total Funds	Tota! Funds
			Funds	Funds	2023	2022
			£	£	£	£
	School fees		6,023,853	-	6,023,853	5,247,284
	Bursaries, scholarshipsand remisstons		(847,284)	-	(847,284)	(691,188)
	Registration feesand forfeited deposits		24,604	-	24,604	28,752
	Courses, activities and extras		389,261	-	389,261	325,051
	Sub-lettings		85,175	-	85,175	39,934
			5,675,609	-	5,675,609	4,949,833
5	INVESTMENTINCOME
			Unrestricted	Restricted	Total Funds	Totaf Funds
			Funds	Funds	2023	2022
			£	£	£	£
	interest receivable and similar income;
	interest receivable on bankdeposits		8,530	155	8,685	242
6	OTHER INCOME
			Unrestricted	Restricted	Total Funds	Tota! Funds
			Funds	Funds	2023	2022
			£	£	£	£
	Sundry income		58,948	-	58,948	36,958
	Government grants		-	-	-	450
			58,948	-	58,948	37,408
7	iINTEREST PAYABLE
			Unrestricted	Restricted	Total	Total
			Funds	Funds	2023	2022
			£	£	£	£
	Bank loan interest		7,360	-	7,360	4,968
8	EXPENDITURE ON CHARITABLE ACTIVITIES
			Unrestricted	Restricted	Total	Total
			Funds	Funds	2023	2022
		Note	£	£	£	£
	Teaching costsand materials		2,493,503	-	2,493,503	2,317,742
	Welfare and household expenses		801,622	-	801,622	728,840
	Administration and supportcosts	9	1,964,461	1,513	1,965,974	1,867,944
			5,259,586	1,513	5,261,099	4,914,526

5 INVESTMENT INCOME

Page 23

BRAMBLETYE SCHOOL TRUST LIMITED

Notes to the Financial Statements for the Year Ended 31 July 2023

;

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|||||||| |---|---|---|---|---|---|---| |SSSSS|A|a|Sea a|IY| |9|ANALYSIS|OF|GOVERNANCE|AND|SUPPORT|COSTS| |Total|Total| |2023|2022| |£|£| |Staff|Costs|-|Support|and Admin|520,150|468,355| |Staff|Costs|-|Estates|196,825|176,649| |Maintenance,|Grounds|and|Estate|246,516|268,318| |Utilities|229,266|218,205| |Insurance|43,988|46,332| |Motor|Expenses,|Travel!|and|Subsistence|47,747|43,084| |General,|Office|and|Telephone|97,970|91,377| |Advertising,|Marketing and|Hospitality|86,523|74,096| |Subscriptions,|Licensing|and|Regulatory|27,450|24,435| |Information|Technology|104,888|105,683| |Professional|Fees|59,208|32,947| |Governance|costs|-|Audit|fees|12,500|12,500| |imerest|and|Bank|Charges|2,115|9,698| |Depreciation|288,080|276,756| |Bad|Debts|7,235|15,122| |1,964,461|1,863,557| |GOVERNANCE|COSTS|{AS|INCLUDED|ABOVE)| |Unrestricted|Total|Total| |Funds|2023|2022| |£|£|£| |Audit|fees| |Audit of the|financial|statements|12,500|12,500|«12,500|

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10 TRUSTEES’ REMUNERATION AND EXPENSES

No remuneration was paid te any member of the Governing Body. Reimbursed expenses comprised of travel and accomodation costs amounting te £211 (2022: ENil) were paid to 1 (2022: 0) members of the Governing Body during the year.

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BRAMBLETYE SCHOOL TRUST LIMITED

Notes to the Financial Statements for the Year Ended 31 July 2023

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|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |rc|ee|er|ce|PA|a| |STAFF|COSTS| |The aggregate aggregate|payroll costs were as follows: costs were as follows: were as follows: as follows:| |2023|2022| |.|£|£| |Staff|costs|during the|year|were:| |Wages|and|salaries|2,527,163|2,353,329| |Social!|security|costs|214,771|201,461| |Pension|costs|355,636|334,330| |3,097,570|2,889,120| |The|monthly|average|number|of persons|employed|by|the|charity|during|the|year|were|as|follows:| |2023|2022| |No|No| |Number of teaching|staff|46|44| |Number of|matrons,|domestic|staff and|cleaning|staff|22|22| |Number|of|estate|staff|7|7| |Number|of administration|staff|16|14| |91|87| |The|number of employees|whose|emoluments|fell|within|the|following|bands|was:| |2023|2022| |No|No| |£60,001|-|£70,000|1|-| |£80,001|-|£90,000|1|i| |£100,001|- £110,000|.|1| |£110,001|- £120,000|4|-|

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11 STAFF COSTS The aggregate aggregate payroll costs were as follows: costs were as follows: were as follows: as follows:

The total employee benefits of the key management personnel of the charity were £425,868 (2022: £424,035).

12 AUDITOR'S REMUNERATION

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|||||| |---|---|---|---|---| |2023|2022| |£|£| |Other fees|to|auditors| |Audit of the|accounts|of the charity|12,500|12,500|

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13 TAXATION

The charity is a registered charity and is therefore exempt from direct taxation.

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BRAMBLETYE SCHOOL TRUST LIMITED

Notes to the Financial Statements for the Year Ended 31 July 2023

(Pe PS

14 TANGIBLE FIXED ASSETS

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||||||||| |---|---|---|---|---|---|---|---| |Freehold|land|Furniture|and|Equipment|and| |and|buildings|fittings|motor vehicles|Total| |£|£|£|£| |Cost| |At|1|August|2022|9,226,247|1,516,169|414,768|11,157,184| |Additions|-|212,708|102,163|314,871| |Disposals|-|(143,221)|(78,376)|(221,597)| |At 31 July|2023|9,226,247|1,585,656|438,555|11,250,458| |Depreciation| |At|1 August 2022|1,546,540|690,408|239,366|2,476,314| |Charge|for|the|year|61,594|152,359|74,127|288,080| |Eliminated|on|disposals|-|(143,221)|(78,376)|(221,597)| |At 31|July 2023|1,608,134|699,546|235,117|2,542,797| |Net|book|value| |At 31|July 2023|7,618,113|886,110|203,438|8,707,661| |At 31 July 2022|7,679,707|825,761|175,402|8,680,870|

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15 DEBTORS

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|||||| |---|---|---|---|---| |2023|2022| |:|£|£| |Trade|debtors|159,842|130,803| |Prepayments|and accrued|income|258,171|145,237| |Other|debtors|6,859|48,463| |424,872|324,503| |16|CASH|AND|CASH|EQUIVALENTS| |2023|2022| |£|£| |Cash|at|bank|1,205,628|1,184,513|

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BRAMBLETYE SCHOOL TRUST LIMITED

Notes to the Financial Statements for the Year Ended 31 July 2023

al

17 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

	2023	2022
	£	£
Bank loans	-	160,000
Trade creditors	132,188	107,659
Other taxation and social security	57,302	52,472
Other creditors	88,143	108,464
Accruals	86,905	81,022
Deferred income	170,690	301,451
Deposits held	176,563	131,515
	711,791	882,583
CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
	2023	2022
	£	£
Bank loans	-	291,667
Deposits held	420,515	289,065
	420,515	$80,732

18 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR

19 PENSION AND OTHER SCHEMES

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £355,636 (2022 - £334,330).

20 COMMITMENTS

Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2023		2022
	£		£
Other
Within one year		8,471	11,294
Between oneand five years		-	8,471
		8,471	19,765

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BRAMBLETYE SCHOOL TRUST LIMITED

Notes to the Financial Statements for the Year Ended 31 July 2023

	ee Re eeeeeeeecreeeeee eee aera	ere	eee eaecreer	eee eee	eee eee	eeeeee	eeeeee	eeeeee	eeeeee
21	FUNDS
			Balance at1		Incoming		Resources		Balanceat31
			August2022		resources		expended	Transfers	July2023
				£	£		£	£	E
	Unrestricted Funds
	General
	Unrestricted fund			8,692,037	5,743,087		(5,266,946)	18,252	9,186,430
	Restricted Funds
	Sundry restricted fund			34,533	4,657		(1,513)	(18,252)	19,425
	Totaifunds			8,726,570	5,747,744		(5,268,459)	-	9,205,855
			Balance at 1		Incoming		Resources		Balance at31
			August 2021		resources		expended	Transfers	July2022
				£	£		£	£	£
	Unrestricted Funds
	General
	Unrestricted fund			8,546,407	4,987,476		(4,915,107)	73,261	8,692,037
	Restricted Funds
	Sundry restricted fund			12,862	-		-	21,671	34,533
	Centenary appealfund			78,265	21,054		(4,387)	(94,932)	-
	Total restricted funds			91,127	21,054		(4,387)	(73,261)	34,533
	Totalfunds			8,637,534	5,008,530	-	(4,919,494)	-	8,726,570

During the year £1,502 (2022: £13,292} of Centenary Appeal fund income and £155 (2022: £7) of interest thereon was received together with income of £3,000 (2022: £7,755) relating to sundry restricted funds and £1,513 (2022: £4,387) was spent in accordance with the terms of the various restrictions.

: 22 ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS
	Unrestricted	Restricted	Total funds at
	Funds	Funds	31July 2023
	£	£	£
Tangible fixed assets	8,707,795	-	8,707,795
Currentassets	1,544,195	19,425	1,563,620
Current liabilities	(773,322)	-	(773,322)
Creditors over 1 year	(292,238)	-	(292,238)
Totalnetassets	9,186,430	19,425	9,205,855

Page 28

BRAMBLETYE SCHOOL TRUST LIMITED

Notes to the Financial Statements for the Year Ended 31 July 2023

Lee	a		el	el
		Unrestricted	Restricted	Totalfunds at
		Funds	Funds	31July 2022
		£	£	£
Tangible fixed assets		8,680,869	-	8,680,869
Current assets		1,474,483	34,533	1,509,016
Current liabilities		(882,583)	:	(882,583)
Creditors over 1year		(580,732)	-	(580,732)
Totalnetassets		8,692,037	34,533	8,726,570

Page 29