2023-08-31-accounts

	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	16
Consolidated statement ofcash flows	17
Notes to the financial statements	18-36

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
			FOR THE	YEAR ENDED 31 AUGUST 2023
Trustees			DJ Lewis, Chair	(appointed			17May 2022)
			M J L Commander		(resigned		15March 2023)
			K Couldrey (appointed			5 September 2023)
			J Giles
			VJ Harding (appointed			17May 2022)
			M Mahaffey (appointed			10October 2022)
			D M Thomas (resigned			7 July 2023)
			J Taylor (appointed		30January 2024)
			SVakil (appointed		14	March	2023, resigned 30June 2023)
			J D Wilton (appointed			1 June 2022)
			L Wu (appointed	17May 2022)
Company	registered
number			00893985
Charity registered
number			307014
Registered		office	Vinehall Road
			Robertsbridge
			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	Plc
			Havelock Road
			Hastings
			East Sussex
			TN34 1GW
Solicitors			Veale Wasborough		Vizards		LLP
			PO Box3501
			Bristol
			BS22FL

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
		Note			f.
Income from:
Charitable activities		4	2,910,131	2,368	2,912,499	2,386,534
Other trading activities		5	91,322		91,322	2i,184
Investments		6	22,572		22,572	1,244
Total income			3,024,025	2,368	3,026,393	2,408,962
Expenditure on:
Raising funds			50,747		50,747	37,049
Charitable activities		7	4,118,761	500	4,119,261	3,499,216
Other expenditure		8	23		23	1,280,485
Total expenditure			4,169,551	500	4,170,051	4,816,750
Net movement in funds			(1,145,526)	1,868	(1,143,658)	(2,407,788)
Reconciliation offunds:
Total funds brought	forward		3,215,960	104,470	3,320,430	5,728,218
Net movement in funds			(1,145,526)	1,866	(1,143,658)	(2,407,788)
Total funds carried forward			2,070,434	106,338	2,176,772	3,320,430

			CONSOLIDATED	BALANCE SHEET
			AS AT 31 AUGUST 2023
				2023		2022
			Note
Fixed assets
Tangible assets			13	145,507		22,292
Current assets
Stocks			15	513	513
Debtors			16	211,632	114,242
Cash at bank and in hand				2,677,845	3,895,563
				2,889,990	4,010,318
Creditors: amounts	falling	due within	one
year			17	(675,131)	(546,852)
Net current assets				2,214,859		3,463,466
Total assets less current		liabilities		2„360,366		3,485,758
Creditors: amounts	falling	due after	more
than one year			18	(183,594)		(165,328)
Total net assets				2,176,772		3,320,430
Charity funds
Restricted funds			19	106,338		104,470
Unrestricted funds			19	2,070,434		3,215,960
Total funds				2,176,772		3,320,430

			SCHOOL BALANCE SHEET	SCHOOL BALANCE SHEET
			AS AT 31	AUGUST 2023
					2023		2022
			Note
Fixed assets
Tangible assets			13		145,506		22,292
Investments			14		100		100
					145,606		22,392
Current assets
Stocks			15	513		513
Debtors			16	211,632		114,242
Cash at bank and in hand				2,677,745		3,895,463
				2,889,890		4,010,218
Creditors: amounts	falling	due within one
year			17	(675,130)		(546,852)
Net current assets					2,214,760		3,463,366
Total assets less current		liabilities			2,360,366		3,485,758
Creditors: amounts	falling	due after more
than one year			18		(183„594)		(165,328)
Total net assets					2,176,772		3,320,430
Charity funds
Restricted funds			19		106,338		104,470
Unrestricted funds			19		2,070,434		3,215,960
Total funds					2,176,772		3,320,430

						2023	2022
Cash flows from operating			activities
Net cash	used in operating	activities				(1,112,672)	(1,148,871)
Cash flows from investing			activities
Dividends, interests and rents from investments						22,572	1,244
Proceeds	from the sale oftangible fixed			assets			4,250,000
Purchase	oftangible fixed assets					(127,618)	(22,012)
Net cash	(used in)/provided		by investing		activities	(105,046)	4,229,232
Change	in cash and cash		equivalents	in	the year	(1,217,718)	3,080,361
Cash and	cash equivalents		at the beginning		ofthe year	3,895,563	815,202
Cash and cash equivalents			at the end	of	the year	2,677,845	3,895,563

Assets under construction	- Not depreciated	- Not depreciated	until ready for use
Motor vehicles	- Straight	line over	5years
Fixtures and fittings	- Straight	line over	15years
Office equipment	- Straight	line over	5years

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
Letting income	51,421	51,421	9,057
Sundry sales	8,866	8,866	6,559
Music Society	31,035	31,035	5,568
	91,322	91,322	21,184
Total 2022	21,184	21,184

			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	2022
				f.
Bank	interest	receivable	22,572	22,572	1,244

	Unrestricted	Restricted
	funds	funds	Total	Total
	2023	2023	2023	2022
			f.
Education	4,118,781	500	4,119,281	3,499,216
Total 2022	3,491,620	7,596	3,499,2'/6

Unrestricted	Total	Total
funds 2023 f.	funds 2023f	funds 2022
23	23	1,280,485

	Activities undertaken directly 2023	Support costs 2023	Total funds 2023f	Total funds 2022
Education	2,686,839	1,432,442	4,119,281	3,499,216
Total 2022	2,473,509	1,025, 707	3,499,216
Analysis ofdirect costs

nalysis	of	direct costs
			Total	Total
			funds	funds
			2023	2022
			1,695,968	1,527, 169
Staff costs			977,650	926,389
Other costs			500	7,596
Awards	and	bursaries	12,721	12,355
Governance		costs
			2,686,839	2,473,509

		Total	Total
		funds	funds
		2023	2022
Staff costs		724,819	624,190
Depreciation		4,402
Other costs		676,409	383,105
Governance	costs	26,812	18,412
		1,432,442	1,025,707

			2023f	2022
Fees payable	to the School's auditor	for the audit ofthe School's annual
accounts			15,500	11,600
Fees payable	to the School's auditor	in respect of:
All assurance	services not included	above	924	770

	Group	Group	School	School
	2023	2022	2023	2022
			F	E
Wages and salaries	1,985,816	1,757,479	1,985,816	1,757,479
Social security costs	165,035	159,146	165,035	159,146
Pension costs	282,657	247,089	282,657	247,089
	2,433,508	2,163,714	2,433,508	2,163,714

				Group	Group
				2023	2022
				No.	No.
Teaching	-	full	time	19	21
Teaching	-	part	time	27	13
Welfare				8	6
Premises				13	7
Support				14	12
				81	59

Group	Group
2023	2022
No.	No.

	Assets
	under	Motor	Fixtures and	Office
	construction	vehicles	fittings f	equipment f	Totalf
Cost or valuation
At 1 September 2022		6,620	13,075	370,174	389,869
Additions	72,691		54,926		127,617
At 31 August 2023	72,691	6,620	68,001	370,174	517,486
Depreciation
At 1 September 2022		6,620	12,795	348,162	367,577
Charge for the year				4,402	4,402
At 31 August 2023		6,620	12,795	352,564	371,979
Net book value
At 31 August 2023	72,691		55,206	17,610	145„507
At 31August 2022			280	22,012	22,292

	Investments
	in
	subsidiary
School	companiesf
Cost or valuation
At 1 September 2022	100
At 31 August 2023	100
Net book value
At 31 August 2023	100
At 31August 2022	100

				Group	Group	School	School
				2023f	2022	2023f	2022
Consumables,	books	and	provisions	513	513	513	513

		Group	Group	School	School
		2023	2022f	2023f	2022f
Due within one year
Fees		153,095	57,539	153,095	57,539
Other debtors		54,082	53,303	54,082	53,303
Prepayments	and accrued income	4,455	3,400	4,455	3,400
		211,632	114,242	211,632	114,242

			Group	Group	School	School
			2023	2022	2023	2022
			F		F
Fees received	in advance		248,010	355,332	248,010	355,332
Trade creditors			160,380	65,698	160,380	65,698
Other taxation	and social security		38,366	39,045	38,366	39,045
Other creditors			53,390	44,672	53,390	44,672
Accruals and deferred		income	174,985	42,105	174,984	42,105
			675,131	546,852	675,130	546,852

		Group	Group	School	School
		2023	2022f	2023 f.	2022
Pupil	deposits	183,594	165,328	183,594	165,328

Statement offunds
Statement offunds	-current year
		Balance at 1			Balance at
		September			31August
		2022	Income	Expenditure	2023
Unrestricted funds
General Funds		3„215,960	3,024,025	(4,169,551)	2,070,434
Restricted funds
Foundation Fund		20,143	2,368	(500)	22,011
Pavilion Fund		62,715			62,715
Year 8 leaving fund		1,128			1,128
Hardship Fund		20,484			20,484
		104,470	2,368	(500)	106,338
Total offunds		3,320,430	3,026,393	(4,170,051)	2,176„772

Statement	Statement	of	funds	(continued)
Statement		of	funds	-prior year
					Balance at			Balance at
					1 September			31August
					2021	Income	Expenditure	2022
							E
Unrestricted			funds
General	Funds				5,616,152	2,408,963	(4,809,155)	3,215,960
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		(7,596)	104,470
Total of	funds				5,728,218	2,408,963	(4,816,751)	3,320,430

Analysis	of net assets between funds -current year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2023	2023	2023
			f.
Tangible	fixed assets	82,792	62,715	145,507
Current	assets	2,846,367	43,623	2,889,990
Creditors	due within one year	(675,131)		(675,131)
Creditors	due in more than one year	(183,594)		(183,594)
Total		2,070,434	106,338	2,176,772
Analysis	ofnet assets between funds -prior year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2022	2022	2022
Tangible	fixed assets	22,292		22,292
Current	assets	3,905,848	104,470	4,010,318
Creditors	due within one year	(546,852)		(546,852)
Creditors	due in more than one year	(165,328)		(165,328)
Total		3,215,960	104,470	3,320,430

				Group	Group
				2023	2022
	Net expenditure for	the year (as per Statement of Financial	Activities)	(1„143,658)	(2,407, 788)
	Adjustments for:
	Depreciation charges			4,402
	Dividends, interests	and rents from investments		(22,572)	(1,244)
	Loss on the sale of	fixed assets			1,169,690
	Decrease/(increase)	in debtors		(97,390)	20,136
	Increase in creditors			128,280	51,336
	Decrease/(increase)	in long term creditors		18,266	18,999
	Net cash used in operating activities			(1,112,672)	(1,148,871)
22.	Analysis ofcash and cash equivalents
				Group	Group
				2023	2022
				f.
	Cash in hand			2,677,845	3,895,563
	Total cash and cash equivalents			2,677,845	3,895,563
23.	Analysis ofchanges in net debt

						At 1
						September		At 31
						2022	Cash flows	August 2023
								E
Cash	at	bank	and	in	hand	3,895,563	(1,217,718)	2,677,845
						3,895,563	(1,217,718)	2,677,845

under non	-can	cellable operating leases as follo	ws:
			Group	Group	School	School
			2023	2022	2023	2022
Not later than		1 year	93,001	108,053	93,001	108,053
Later than	1 year and not later than 5 years		355,921	360,922	355,921	360,922
Later than	5years		1,615,101	1,703,101	1,615,101	1,703,101
			2,064,023	2,172,076	2,064,023	2,172,076

Principal su	Principal su	bsidiaries	bsidiaries
The following		was a subsidiary		undertaking	ofthe School:
Name				Company		Registered office or principal	Class of	Holding
				number		place ofbusiness	shares
Vinehall	Education		Centre	06629667		Vinehall Road, Robertsbridge,	Ordinary	100%
Limited						East Sussex, TN32 5JL
The financial		results	ofthe subsidiary for the			year were:
Name								Net assetsf
Vinehall	Education		Centre Limited					100