##
##
|Governors|Governors||Mrs JToben MloD, MCIOF (Chair)|Mrs JToben MloD, MCIOF (Chair)|Mrs JToben MloD, MCIOF (Chair)|||
|---|---|---|---|---|---|---|---|
||||Mrs G Des Moulins|||||
||||Ms C Wickham|BAHons, MA. R.C.A.||||
||||Mr A Walker MA|NPQH||||
||||Mrs M Stebbing|||||
||||Mr R Kantaria|||(Appointed|11 July 2023)|
|Headteacher|||Mrs C Stamos|||||
|Charity|number||307005|||||
|Company||number|01078648|||||
|Registered||office|Newhaven
Road|||||
||||Rodmell|||||
||||Lewes|||||
||||East Sussex|||||
||||BN7 3EY|||||
|Auditor|||Knill James LLP|||||
||||One Bell Lane|||||
||||Lewes|||||
||||East Sussex|||||
||||BN7 1JU|||||
|Bankers|||Lloyds Bank pic|||||
||||8 High Street|||||
||||Lewes|||||
||||East Sussex|||||
||||BN7 2AD|||||
||||Charity Bank Limited|||||
||||Fosse House|||||
||||182 High Street|||||
||||Tonbridge|||||
||||Kent|||||
||||TN9 1BE|||||
|Solicitors|||Sherrards
Employment||Law Solicitors|||
||||4Albourne
Court|||||
||||Henfield
Road|||||
||||Albo urne|||||
||||West Sussex|||||
||||BN6 9FF|||||
##
##
||||Page|
|---|---|---|---|
|Governors'|report||1-8|
|Statement|of Governors'
responsibilities|||
|Independent|auditor's|report|10-13|
|Statement|offinancial|activities|14-15|
|Balance sheet|||16|
|Statement|ofcash flows||17|
|Notes to the financial||statements|18-35|
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|Current financial year|||||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|||
|||||general|designated||||
|||||2023|2023|2023|2023|2022|
||||Notes||E||||
|Income and endowmen|fr|m|||||||
|Donations
and legacies||||||325|325|7,405|
|Charitable
activities||||2,839,352|||2,839,352|2,605,256|
|Fundraising
projects||||2,642|||2,642|1,300|
|Investments||||1,451|||1,451|47|
|Other income||||116,980|||116,980|89,645|
|Total income||||2,960,425||325|2,960,750|2,703,653|
|x endi
re on:|||||||||
|Raising funds|||8|531|||531|1,413|
|Charitable
activities|||9|2,685,893|52,524|953|2,739,370|2,511,345|
|Total expenditure||||2,686,424|52,524|953|2,739,901|2,512,758|
|Net incoming/(outgoing)|resources||before||||||
|transfers||||274,001|(52,524)|(628)|220,849|190,895|
|Gross transfers
between|funds|||(42,087)|42,087||||
|Net income/(expenditure)|for|the year/|||||||
|Net movement
in funds||||231,914|(10,437)|(628)|220,849|190,895|
|Fund balances
at 1 September||2022||39,773|1,516,416|783|1,556,972|1,366,077|
|Fund balances at 31August||2023||271,687|1,505,979|155|1,777,821|1,556,972|
##
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|Prior financial year||||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|Restricted|Total|
|||||funds|funds|funds||
|||||general|designated|||
|||||2022|2022|2022|2022|
||||Notes||E|E|F|
|m
d endowments|from:|||||||
|Donations
and legacies||||||7,405|7,405|
|Charitable
activities||||2,605,256|||2,605,256|
|Fundraising
projects||||1,300|||1,300|
|Investments||||47|||47|
|Other income||||89,645|||89,645|
|Total income||||2,696,248||7,405|2,703,653|
|Ex enditure
on||||||||
|Raising funds||||1,413|||1,413|
|Charitable
activities||||2,453,648|50,396|7,301|2,511,345|
|Total expenditure||||2,455,061|50,396|7,301|2,512,758|
|Net incoming/(outgoing)|resources|before|transfers|241,187|(50,396)|104|190,895|
|Gross transfers
between|funds|||(83,456)|88,896|(5,440)||
|Net income/(expenditure)|for the year/|||||||
|Net movement
in funds||||157,731|38,500|(5,336)|190,895|
|Fund balances at 1 September 2021||||(117,958)|1,477,916|6,119|1,366,077|
|Fund balances at 31August 2022||||39,773|1,516,416|783|1,556,972|
##
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##
||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|f||||
|Fixed assets|||||||||
|Tangible assets||||16||1,557,943||1.,555,840|
|Current assets|||||||||
|Debtors||||17|948,918||749,705||
|Cash at bank and|in|hand|||663,719||816,013||
||||||1,612,637||1,565,718||
|Creditors: amounts||falling due within|||||||
|one year|||||(1,008,5'l 6)||(1,163,721)||
|Net current assets||||||604,121||401,997|
|Total assets less|current||liabilities|||2,162,064||1,957,837|
|Creditors: amounts||falling|due after||||||
|more than one year||||20||(384,243)||(400,865)|
|Net assets||||||1,777,821||1,556,972|
|Income funds|||||||||
|Restricted funds||||24||155||783|
|Unrestricted
funds|—designated|||23||1,505,979||1,516,416|
|Unrestricted
funds|-|general||||271,687||39,773|
|||||||1,?77,821||1,556,972|
##
##
|||||||2023||2022||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|||||
|Cash flows from operating|||activities|||||||
|Cash (absorbed
by)/generated|||from||27|||||
|operations|||||||(24,444)||533,490|
|Investing|activities|||||||||
|Purchase|of tangible
fixed|assets||||(70,389)||(97,644)||
|Proceeds|from disposal of|tangible||fixed||||||
|assets||||||||(3,450)||
|Investment|income received|||||1,451||47||
|Net cash|used
in investing||activities||||(68,938)||(101,047)|
|Financing|activities|||||||||
|Repayment|of bank loans|||||(58,912)||(9,135)||
|Net cash|used
in financing||activities||||(58,912)||(9,135)|
|Net (decrease)/increase||in|cash and cash|||||||
|equivalents|||||||(152,294)||423,308|
|Cash and|cash equivalents|at beginning|||ofyear||816,013||392,705|
|Cash and|cash equivalents||at end of||year||663,719||816,013|
##
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|Freehold|land||Not depreciated||
|---|---|---|---|---|
|Freehold|buildings||15or 50 years straight|line|
|Computer|hardware|8 software|3years straight
line||
|Fixtures,|fittings
&|equipment|15%straight
line||
|Motor vehicles|||25% straight
line||
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||||||||Restricted|Restricted|
|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|
||||||||2023|2022|
||||||||E|E|
|Donations|and grants||||||325|7,405|
|Charitable|activities||||||||
|||School fees|Other school|Total School fees|||Other school|Total|
||||income||||income||
|||2023|2023|||2022|2022|2022|
|||F|F||||E||
|Gross fees||2,825,141|16,521|2,841,662|2,585,472||22,094|2,607,566|
|Less: Bursaries|||||||||
|and discounts||(2,310)||(2,310)||(2,310)||(2,310)|
|||2,822,831|16,521|2,839,352|2,583,162||22,094|2,605,256|
##
##
##
##
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
|2,642|1,300|
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
||||F||
||Interest|receivable|1,451|47|
|7|Other|income|||
||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||general|general|
||||||2023|2022|
|||||||F|
|Net (loss)/gain||on disposal|oftangible|fixed assets||(3,450)|
|Rent and letting||fees|||2,988|2,988|
|Registration|fees and miscellaneous|||income|113,992|90,107|
||||||116,980|89,645|
##
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||general|general|
||||2023|2022|
||||E|E|
|Fundraising|and|publicity|||
|Staging fundraising||events|531|1,413|
||||531|1,413|
##
##
##
||||Teaching|Welfare|Support and|Premises|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||and|costs|administration|costs|||
||||educational||costs||||
||||costs||||||
||||2023|2023|2023|2023|2023|2022|
|||||E||E||F|
|Staff costs|||1,696,583|139,699|274,407||2,110,689|1,888,214|
|Depreciation||and|||||||
|impairment||||10,644|5,118|52,524|68,286|63,004|
|Other costs|||57,463|48,499|209,328|195,813|511,103|525,710|
||||1,754,046|198,842|488,853|248,337|2,690,078|2,476,928|
|Share ofgovernance|||||||||
|costs (see|note 11)||49,292||||49,292|34,417|
||||1,803,338|198,842|488,853|248,337|2,739,370|2,511,345|
|Analysis|by|fund|||||||
|Unrestricted||funds-|||||||
|general|||1,803,338|198,842|487,900|195,813|2,685,893|2,453,648|
|Unrestricted||funds-|||||||
|designated||||||52,524|52,524|50,396|
|Restricted|funds||||953||953|7,301|
||||1,803,338|198,842|488,853|248,337|2,739,370|2,511,345|
##
##
##
|||||Teaching|Welfare|Support and|Premises|Total|
|---|---|---|---|---|---|---|---|---|
|||||and|costs|administration|costs||
|||||educational||costs|||
|||||costs|||||
|||||2022|2022|2022|2022|2022|
||||||E|E|E||
|Staff costs||||1,515,586|112,642|259,986||1,888,214|
|Depreciation||and impairment|||9,753|2,855|50,396|63,004|
|Other costs||||47,028|42,643|246,731|189,308|525,710|
|||||1,562,614|165,038|509,572|239,704|2,476,928|
|Share of|governance||costs (see note||||||
|11)||||34,417||||34,417|
|||||1,597,031|165,038|509,572|239,704|2,511,345|
|Analysis|by|fund|||||||
|Unrestricted||funds -|general|1,597,031|165,038|502,271|189,308|2,453,648|
|Unrestricted||—designated|||||50,396|50,396|
|Restricted|funds|||||7,301||7,301|
|||||1,597,031|165,038|509,572|239,704|2,511,345|
##
|Charitable
activities
-other cost|s||||
|---|---|---|---|---|
|Other costs relating to teaching|and educational|costs|2023|2022|
|comprise:|||||
|Educational
equipment|||21,418|30,265|
|Professional
development|||21,091|5,530|
|Specialist fees (exams)|||12,279|9,216|
|Tuck shop expenses|||2,675|2,017|
||||57,463|47,028|
##
##
##
|Other costs relating|to welfare|costs comprise:||2023|2022|
|---|---|---|---|---|---|
|Catering
supplies||||45,318|42,593|
|Catering
hospitality||||3,181|50|
|||||48,499|42,643|
|Other costs relating|to premises costs comprise:|||2023|2022|
||||||F|
|Council tax 8 water||||13,226|8,268|
|Insurance||||37,248|30,821|
|Fuel & light||||71,522|56,887|
|Health
&safety||||10,362|6,185|
|Buildings
maintenance||||32,402|55,944|
|Grounds
maintenance||||8,035|4,277|
|Household
expenses||||10,452|26,632|
|Swimming
pool expenses||||12,566|294|
|||||195,813|189,308|
|Other costs relating|to support|and administration|costs for schooling|2023|2022|
|comprise:||||||
|Stationery
& printing||||15,968|14,618|
|Postage||||349|302|
|Telephone||||9,825|20,243|
|Television,
film &cameras||||159|159|
|Legal & professional||||3,731|16,169|
|Recruitment
costs||||2,020|7,378|
|Travelling
8 motor||||3,301|5,074|
|Marketing
8 promotion|||||1,039|
|Maintenance
of equipment||||19,409|27,933|
|ITdevelopment
& support||||70,120|64,795|
|Bad debts||||(1,800)|(2,950)|
|Miscellaneous||||9,826|3,098|
|Subscriptions
8 licences||||14,936|15,991|
|Outsourcing||||50,709|64,693|
|Licences||||10,775|8,189|
|||||209,328|246,731|
##
##
##
##
|Governance costs||||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|E|
|Audit fees||||11,340|10,380|
|Accountancy||||2,250|210|
|Legal and professional||||4,310|3,904|
|Bank charges||||864|1,041|
|Clerking costs||||1,419|1,543|
|Loan interest||||29,109|17,339|
|||||49,292|34,417|
|Analysed
between||||||
|Charitable
activities||||49,292|34,417|
|Auditor's
remuneration||||||
|Fees payable to the|charity's|auditor and associates:||2023|2022|
|||||E||
|For audit services||||||
|Audit ofthe financial|statements||ofthe charity|11,340|10,380|
##
##
|The average|monthly
number
ofemployees
during th|e year was:||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|||62|56|
|Employment|costs|2023|2022|
||||E|
|Wages and salaries||1,763,486|1,556,605|
|Social security costs||139,270|129,018|
|Other pension costs||197,479|202,591|
|||2,100,235|1,888,214|
##
##
##
##
|The number|ofemployees|whose annual|remuneration|was more than 260,000|||
|---|---|---|---|---|---|---|
|is as follows:|||||||
||||||2023|2022|
||||||Number|Number|
|F60,000 —670,000|||||||
|670,000 - 680,000|||||||
##
|||2023|2022|
|---|---|---|---|
||||E|
|Aggregate|compensation|300,087|334,760|
##
##
|Tangible fix|ed assets|||||||
|---|---|---|---|---|---|---|---|
||||Freehold|Computer|Fixtures,|Motor|Total|
||||land|hardware
&|fittings &|vehicles||
|||||software|equipment|||
||||E|||||
|Cost||||||||
|At 1 September 2022|||3,165,404|18,823|32,418|34,450|3,251,095|
|Additions|||42,087||28,302||70,389|
|At 31 August|2023||3,207,491|18,823|60,720|34,450|3,321,484|
|Depreciation|and impairment|||||||
|At 1 September 2022|||1,648,988|5,360|19,122|21,785|1,695,255|
|Depreciation|charged|in the year|52,524|6,274|5,118|4,370|68,286|
|At 31 August|2023||1,701,512|11,634|24,240|26,155|1,763,541|
|Carrying
amount||||||||
|At 31August|2023||1,505,979|7,189|36,480|8,295|1,557,943|
|At 31 August|2022||1,516,416|13,463|13,296|12,665|1,555,840|
##
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##
|Debtors||||
|---|---|---|---|
|||2023|2022|
|Amounts
falling due within one year:||f.||
|Trade debtors||914,533|705,210|
|Prepayments|and accrued income|34,385|44,495|
|||948,918|749,705|
##
|||2023|2022|
|---|---|---|---|
|Bank loans||391,953|450,865|
|Payable|within one year|7,710|50,000|
|Payable|after one year|384,243|400,865|
##
##
|Creditors: am|ounts|falling due within one year||||
|---|---|---|---|---|---|
|||||2023|2022|
||||Notes||P|
|Bank loans|||18|7,710|50,000|
|Other taxation|and social security|||29,883|32,232|
|Deferred
income|||21|914,533|1,015,797|
|Trade creditors||||23,066|27,955|
|Other creditors||||24,819|27,357|
|Accruals
and deferred||income||8,505|10,380|
|||||1,008,516|1,163,721|
|Creditors: amounts||falling due after more than one year||||
|||||2023|2022|
||||Notes||E|
|Bank loans|||18|384,243|400,865|
##
##
##
##
||||2023|2022|
|---|---|---|---|---|
||||E|E|
|Arising
from Fees in advance|||914,533|1,015,797|
|Deferred income is included|in the financial statements|as follows:|||
||||2023|2022|
||||E||
|Deferred income is included|within:||||
|Current
liabilities|||914,533|1,015,797|
|Movements
in the year:|||||
|Deferred income at 1 September 2022|||1,015,797|911,107|
|Released
from previous
periods|||(1,015,797)|(911,107)|
|Resources deferred
in the year|||914,533|1,015,797|
|Deferred income at 31August 2023|||914,533|1,015,797|
##
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##
||At 1|Resources|Transfers|At 31August|
|---|---|---|---|---|
||September|expended||2023|
||2022||||
|||E|||
|Fixed asset fund|1,516,416|(52,524)|42,087|1,505,979|
|Previous year:|At 1|Resources|Transfers|At 31August|
||September|expended||2022|
||2021||||
||1,477,916|(50,396)|88,896|1,516,416|
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|||Unrestricted|Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds||
||||general|designated|||
||||2023|2023|2023|2023|
|||||||E|
|Fund balances at 31August 2023||are represented|by:||||
|Tangible|assets||51,964|1,505,979||1,557,943|
|Current|assets/(liabilities)||603,966||155|604,121|
|Long term liabilities|||(384,243)|||(384,243)|
||||271,687|1,505,979|155|1,777,821|
|||Unrestricted||Unrestricted|Restricted|Total|
||||funds|funds|funds||
||||general|designated|||
||||2022|2022|2022|2022|
||||E||E||
|Fund balances at 31August 2022||are represented|by:||||
|Tangible|assets||39,424|1,516,416||1,555,840|
|Current|assets/(liabilities)||401,214||783|401,997|
|Long term liabilities|||(400,865)|||(400,865)|
||||39,773|1,516,416|783|1,556,972|
##
||2023|2022|
|---|---|---|
|||F|
|Within one year|4,102|4,102|
|Between two and five years|3,076|7,178|
||7,178|11,280|
##
##
##
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|27|Cash generated
from|operatio|ns||||||2023|2022|
|||||||||||F|
||Surplus
for the year||||||||220,849|190,895|
||Adjustments
for:||||||||||
||Investment
income recognised||in|statement||of financial|activities||(1,451)|(47)|
||(Gain)/loss
on disposal|oftangible||fixed|assets|||||3,450|
||Depreciation
and impairment
of tangible||||fixed assets||||68,286|63,004|
||Movements
in working|capital:|||||||||
||(Increase)/decrease
in|debtors|||||||(199,213)|206,055|
||(Decrease)
in creditors||||||||(11,651)|(34,557)|
||(Decrease)/increase
in|deferred|income||||||(101,264)|104,690|
||Cash (absorbed
by)/generated|||from operations|||||(24,444)|533,490|
|28|Analysis
ofchanges|in net funds|||||||||
|||||||||At 1|Cash flows|At 31August|
|||||||||September||2023|
|||||||||2022|||
||Cash at bank and in hand|||||||816,013|(152,294)|663,719|
||Loans falling due within|one year||||||(50,000)|42,290|(7,710)|
||Loans falling due after|more than||one year||||(400,865)|16,622|(384,243)|
|||||||||365,148|(93,382)|271,766|