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|||Page|
|---|---|---|
|Reference and administrative
details|ofthe School, its Trustees and advisers||
|Trustees'
report||2-8|
|Trustees'
responsibilities
statement|||
|Independent
auditors'
report on the|financial statements|10-13|
|Consolidated
statement
offinancial|activities|14|
|Consolidated
balance sheet||15|
|School balance sheet|||
|Consolidated
statement
ofcash flows||17|
|Notes to the financial statements||18-37|
|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE|DETAILS OF THE SCHOOL, ITSTRUSTEES AND ADVISERS|DETAILS OF THE SCHOOL, ITSTRUSTEES AND ADVISERS|DETAILS OF THE SCHOOL, ITSTRUSTEES AND ADVISERS|DETAILS OF THE SCHOOL, ITSTRUSTEES AND ADVISERS|DETAILS OF THE SCHOOL, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|---|---|---|
||||FOR THE|YEAR ENDED 31AUGUST 2022|||||
|Trustees|||DJ Lewis, Chair|(appointed||||17May 2022)|
||||S Bartleet (resigned|||28 April||2022)|
||||D E Clayton-Hatfield|||(resigned 17May 2022)|||
||||M J L Commander||(resigned|||15March 2023)|
||||J Giles||||||
||||VJ Harding
(appointed||||17May 2022)||
||||M Mahaffey
(appointed||||10October 2022)||
||||J M Mills (resigned||17May 2022)||||
||||A M Piper (resigned|||10March 2022)|||
||||A Rainbow (resigned||||1 June|2022)|
||||D M Thomas||||||
||||SVakil (appointed||14||March|2023)|
||||J D Wilton (appointed||||1 June 2022)||
||||L Wu (appointed|17||May 2022)|||
|Company|registered||||||||
|number|||00893985||||||
|Charity registered|||||||||
|number|||307014||||||
|Registered||office|Vinehall Road||||||
||||Robertsb ridge||||||
||||East Sussex||||||
||||TN32 5JL||||||
|Headmaster|||J Powis BSc||||||
|Company|secretary||W R Walker||||||
|Independent||auditors|Knill James LLP||||||
||||Chartered
Accountants||||||
||||Statutory
Auditor||||||
||||One Bell Lane||||||
||||Lewes||||||
||||East Sussex||||||
||||BN7 1JU||||||
|Bankers|||National
Westminster||||Bank Pic||
||||24 Havelock Road||||||
||||Hastings||||||
||||East Sussex||||||
||||TN34 1BW||||||
|Solicitors|||Veale Wasborough||Vizards LLP||||
||||PO Box3501||||||
||||Bristol||||||
||||BS22FL||||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2022f|2022
E|2022
E|2021
E|
|Income from:|||||||
|Donations
and legacies||||||53,196|
|Charitable
activities|||2,386,534||2,386,534|2,580,314|
|Other trading
activities|||21,184||21,184|95,797|
|Investments|||1,244||1,244|39|
|Other income||||||784,134|
|Total income|||2,408,962||2,408,962|3,513,480|
|Expenditure
on:|||||||
|Raising funds|||37,049||37,049|25,683|
|Charitable
activities||9|3,491,620|7,596|3,499,216|3,364,471|
|Other expenditure||10|1,280,485||1,280,485||
|Total expenditure|||4,809,154|7,596|4,816,750|3,390,154|
|Net movement
in funds before other|||||||
|recognised
gains/(losses)|||(2,400,192)|(7,596)|(2,407,788)|123,326|
|Other recognised
gains/(losses):|||||||
|Losses on revaluation|offixed assets|||||(1,512,246)|
|Net movement
in funds|||(2,400,192)|(7,596)|(2,407,788)|(1,388,920)|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||5,616,152|112,066|5,728,218|7,117,138|
|Net movement
in funds|||(2,400,192)|(7,596)|(2,407,788)|(1,388,920)|
|Total funds carried forward|||3,215,960|104,470|3,320,430|5,728,218|
##
##
||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Note||||E|
|Fixed assets||||||||
|Tangible assets|||15||22,292||5,419,971|
|Current assets||||||||
|Stocks|||17|513||513||
|Debtors|||18|114,242||134,378||
|Cash at bank and|in hand|||3,895,563||815,202||
|||||4,010,318||950,093||
|Creditors: amounts|falling|due within one||||||
|year|||19|(546,853)||(495,517)||
|Net current assets|||||3,463,465||454,576|
|Total assets less|current|liabilities|||3,485,757||5,874,547|
|Creditors: amounts|falling|due after more||||||
|than one year|||20||(165,328)||(146,329)|
|Total net assets|||||3,320,429||5,728,218|
|Charity funds||||||||
|Restricted funds|||21||104„470||112,066|
|Unrestricted
funds|||21||3,215,959||5,616,152|
|Total funds|||||3,320,429||5,728,218|
##
||||SCHOOL BALANCE SHEET|SCHOOL BALANCE SHEET||||
|---|---|---|---|---|---|---|---|
||||AS AT 31|AUGUST 2022||||
||||Note||2022f||2021|
|Fixed assets||||||||
|Tangible assets|||15||22,292||5,419,971|
|Investments|||16||100||100|
||||||22,392||5,420,071|
|Current assets||||||||
|Stocks|||17|513||513||
|Debtors|||18|114„242||134,377||
|Cash at bank and|in hand|||3,895,463||815,102||
|||||4,010,218||949,992||
|Creditors: amounts|falling|due within one||||||
|year|||19|(546,852)||(495,516)||
|Net current assets|||||3463,366||454,476|
|Total assets less|current|liabilities|||3,485,758||5,874,547|
|Creditors: amounts|falling|due after more||||||
|than one year|||20||(165,328)||(146,329)|
|Total net assets|||||3,320,430||5,728,218|
|Charity funds||||||||
|Restricted
funds|||21||104,470||112,066|
|Unrestricted
funds|||21||3,215,960||5,616,152|
|Total funds|||||3,320,430||5,728,218|
##
##
|||2022f|2021|
|---|---|---|---|
|Cash flows from operating
activities||||
|Net cash used
in operating
activities||(1,148,871)|(685,634)|
|Cash flows from investing
activities||||
|Dividends,
interests
and rents from investments||1,244|39|
|Proceeds from the sale oftangible
fixed assets||4,250,000|991,644|
|Purchase oftangible fixed assets||(22,012)|(280)|
|Net cash provided
by investing
activities||4,229,232|991,403|
|Change
in cash and cash equivalents
in|the year|3,080,361|305,769|
|Cash and cash equivalents
at the beginning|ofthe year|815,202|509,433|
|Cash and cash equivalents
at the end of|the year|3,895,563|815,202|
|The notes on pages 18to 37form part ofthese financial statements||||
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
||||E|f.|E|
|Donations|||||1,554|
|CJRS Furlough|grants||||51,642|
||||||53,196|
|Total 2021||51,642|1,554|53,196||
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2021|
|School fees receivable|2,282,457|2,282,457|2,440,128|
|Extra School services|104,077|104,077|140,186|
|Total 2022|2,386,534|2,386,534|2,580,314|
|Total 2021|2,580,314|2,580,314||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022
E|2022f|2021|
|Letting income|9,057|9,057|50,504|
|Sundry sales|6,559|6,559|5,919|
|Music Society|5,568|5,568|39,374|
||21,184|21,184|95,797|
|Total 2021|95,797|95,797||
|7.|Investment|income|income||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2022|2022|2021|
|||||E|F||
||Bank interest|receivable||1,244|1,244|39|
|8.|Other incoming||resources||||
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2022f|2022
E|2021|
||Profit on disposal||of fixed assets|||784,134|
##
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||Unrestricted|Restricted|||
|---|---|---|---|---|
||funds|funds|Total|Total|
||2022|2022|2022|2021|
|||F|F||
|Education|3,491,620|7,596|3,499,216|3,364,471|
|Total 2021|3,339,004|25,467|3,364,471||
||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2022|2022|2021|
||||||F|||
|Loss|on|disposal|offixed|assets|1,280,485|1,280,485||
##
||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||directly|costs|funds|funds|
||2022|2022|2022|2021|
|||||E|
|Education|2,473,509|1,025,707|3,499,216|3,364,472|
|Total 2021|2,401,359|963,113|3,364,472||
##
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||Analysis of|direct cos|ts (continued|)|||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||funds|funds|
||||||2022|2021|
||Staff costs||||1,527,169|1,407,241|
||Depreciation|||||61,513|
||Other costs||||926,389|894,420|
||Awards
and|bursaries|||7,596|25,467|
||Governance|costs|||12,355|12,718|
||||||2,473,509|2,401,359|
||Analysis of|support costs|||||
||||||Total|Total|
||||||funds|funds|
||||||2022|2021|
||||||E||
||Staff costs||||624,190|639,767|
||Depreciation|||||4,900|
||Other costs||||383,105|305,201|
||Governance|costs|||18,412|13,245|
||||||1,025,707|963,113|
|12.|Auditors'
remuneration||||||
||||||2022|2021|
||||||F||
||Fees payable to the School's auditor|||for the audit ofthe School's annual|||
||accounts||||11,600|10,400|
||Fees payable to the School's auditor|||in respect of:|||
||additional
costs in respect ofthe prior year audit|||||1,000|
||All assurance|services|not included|above|7?0|700|
##
##
|Staff costs|||||
|---|---|---|---|---|
||Group|Group|School|School|
||2022|2021|2022|2021|
||f.||||
|Wages and salaries|1,757,479|1,557,772|1,757,479|1,557,772|
|Social security costs|159,146|144,903|159,146|144,903|
|Pension costs|247,089|357,052|247,089|357,052|
||2,163,714|2,059,727|2,163,714|2,059,727|
|||||Group|Group|
|---|---|---|---|---|---|
|||||2022|2021|
|||||No.|No.|
|Teaching|-|full|time|21|21|
|Teaching|-|part|time|13|14|
|Welfare||||6|7|
|Premises||||7|8|
|Support||||12|10|
|||||59||
|Group|Group|
|---|---|
|2022|2021|
|No.|No.|
##
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||Freehold|Motor|Fixtures and|Office||
|---|---|---|---|---|---|
||property|vehicles|fittings|equipment|Total|
||E|F.|F|F|F|
|Cost or valuation||||||
|At 1 September 2021|6,908,195|6,620|1,800,766|348,162|9,063,743|
|Additions||||22,012|22,012|
|Disposals|(6,908„195)||(1,787,691)||(8,695,886)|
|At 31 August 2022||6,620|13,075|370,174|389,869|
|Depreciation||||||
|At 1 September 2021|2,208,195|6,620|1,080,795|348,162|3,643,772|
|On disposals|(2,208,195)||(1,068,000)||(3,276,195)|
|At 31 August 2022||6,620|12,795|348,162|367,577|
|Net book value||||||
|At 31 August 2022|||280|22,012|22,292|
|At 31August 2021|4,700,000||719,971||5,419,971|
##
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||||||Investments|
|---|---|---|---|---|---|
||||||in|
||||||subsidiary|
|School|||||companiesf|
|Cost or valuation||||||
|At 1 September 2021|||||100|
|At 31 August|2022||||100|
|Net book value||||||
|At 31 August|2022||||100|
|At 31August|2025||||100|
|Stocks||||||
|||Group|Group|School|School|
|||2022f|2021f|2022|2021|
|Consumabies,|books and provisions|513|513|513|513|
|Debtors||||||
|||Group|Group|School|School|
|||2022f|2021|2022f|2021|
|Due within one year||||||
|Fees||57,539|86,191|57,539|86,191|
|Other debtors||53,303|40,745|53,303|40,744|
|Prepayments|and accrued income|3,400|7,442|3,400|7,442|
|||114,242|134,378|114,242|134,377|
##
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||||Group|Group|School|School|
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
|||||E|||
|Fees received|in advance||355,332|315,698|355,332|315,698|
|Trade creditors|||65,698|101,477|65,698|101,477|
|Other taxation|and social security||39,045|24,656|39,045|24,656|
|Other creditors|||44,673|37,465|44,672|37,465|
|Accruals and deferred||income|42,105|16,221|42,105|16,220|
||||546,853|495,517|546,852|495,516|
##
|||Group|Group|School|School|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||E|E|E|E|
|Pupil|deposits|165,328|146,329|165,328|146,329|
##
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##
|||Balance at 1||||Balance at|
|---|---|---|---|---|---|---|
|||September||||31August|
|||2021|Income
f|Expenditure|f|2022f|
|Unrestricted
funds|||||||
|General|Funds|5,616,152|2,408,962|(4,809,155)||3„215,959|
|Restricted funds|||||||
|Foundation
Fund||27,739||(7,596)||20,143|
|Pavilion|Fund|62„715||||62,715|
|Year 8 leaving
fund||1,128||||1,128|
|Hardship|Fund|20,484||||20,484|
|||112,066||(?,596)||104,470|
|Total of|funds|5,728,218|2,408,962|(4,816,751)||3,320,429|
##
##
|Statement of|Statement of|funds (continued)||||||
|---|---|---|---|---|---|---|---|
|Statement of||funds - prior year||||||
|||Balance at|||||Balance at|
|||1 September|||Transfers|Gains/|31August|
|||2020|income|Expenditure|in/out|(Losses)|2021|
|||||||E|E|
|Unrestricted||||||||
|funds||||||||
|General|Funds|6,981,159|3,511,926|(3,364,687)||(1,512,246)|5,616,152|
|Restricted||||||||
|funds||||||||
|Foundation||||||||
|Fund||56,530||(24,717)|(4,074)||27,739|
|Pavilion|Fund|57,515|||5,200||62,715|
|Year 8 leaving||||||||
|fund||2,075|||(947)||1,128|
|ESCC grant||179|||(179)|||
|Hardship|Fund|19,680|1,554|(750)|||20,484|
|||135,979|1,554|(25,467)|||112,066|
|Total of|funds|7,117,138|3,513,480|(3,390,154)||(1,512,246)|5,728,218|
##
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##
|Analysis|ofnet assets between funds - current year||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
||||E|F|
|Tangible|fixed assets|22,291||22,291|
|Current|assets|3,905,848|104,470|4,010,318|
|Creditors|due within one year|(546,853)||(546,853)|
|Creditors|due in more than one year|(165,328)||(165,328)|
|Total||3,215,958|104,470|3,320,428|
|Analysis|ofnet assets between funds - prior year||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|||||E|
|Tangible|fixed assets|5,419,971||5,419,971|
|Current|assets|838,027|112,066|950,093|
|Creditors|due within one year|(495,517)||(495,517)|
|Creditors|due in more than one year|(146,329)||(146,329)|
|Total||5,616,152|112,066|5,728,218|
##
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|||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2022|2021|
|||||||||||K|E|
||Net
income/expenditure
Activities)|||for the|year|(as|per|Statement|of Financial|(2,407,788)|123,326|
||Adjustments|for:||||||||||
||Depreciation|charges|||||||||66,413|
||Profit on disposal of||fixed assets||||||||(796,512)|
||Dividends,
interests
and
Loss on the sale offixed|||rents from
assets|investments|||||(1,244)
1,169,690|(39)|
||Decrease
in|debtors||||||||20,136|36,988|
||Increase/(decrease)||in creditors|||||||51,336|(107,209)|
||Decrease/(increase)||in long term creditors|||||||18,999|(8,601)|
||Net cash used in operating
activities|||||||||(1,148,&71)|(685,634)|
|24.|Analysis of|cash and cash equivalents||||||||||
|||||||||||Group|Group|
|||||||||||2022|2021|
|||||||||||E|E|
||Cash
in hand|||||||||3,895,563|815,202|
||Total cash and cash||equivalents|||||||3,895,563|815,202|
|25.|Analysis of|changes|in|net debt||||||||
||||||||||At 1||At 31|
||||||||||September||August|
||Cash at bank|and
in hand|||||||2021
E
815,202|Cash flowsf
3,080,361|2022
f.
3,895,563|
||||||||||815,202|3,080,361|3,895,563|
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