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|Trustees||S G Deans|
|---|---|---|
|||CSJohns|
|||N M S G Bartholomew|
|Charity number||307024|
|Company|number|00543113|
|Registered|office and|Bolney Court|
|principal address||Crossways|
|||Bolney|
|||Haywards
Heath|
|||West Sussex|
|||RH17 5RD|
|Auditor||TC Group|
|||The Courtyard|
|||Shoreham
Road|
|||Upper Beeding|
|||Steyning|
|||West Sussex|
|||BN44 3TN|
|Accountant||Moore (South) LLP|
|||9StJohns Place|
|||Newport|
|||Isle ofWight|
|||PO30 1LH|
|Bankers||NatWest Bank Pic|
|||1 Muster Green|
|||Haywards
Heath|
|||West Sussex|
|||RH16 4AP|
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||||Page|
|---|---|---|---|
|Trustees'|report||1-7|
|Independent
auditor's||report|8-10|
|Statement|offinancial|activities||
|Balance sheet|||12|
|Statement|of cash flows||13|
|Notes to|the financial|statements|14-30|
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|||Unrestricted|Restricted|Total Unrestricted|Total Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
||Notes|2023
f|2023|2023
f|2022|2022f|2022
'Z|
|Income and endowments|from:|||||||
|Donations
and legacies||1,184|11,066|12,250|10,493|26,490|36,983|
|Charitable
activities||4,234,473|31,722|4,266,195|4,228,230|14,394|4,242,624|
|Other trading
activities|||||(1,770)||(1,770)|
|Investments||24,971||24,971|17,067||17,067|
|Other income||(596)||(596)|15,990||15,990|
|Total income||4,260,032|42,788|4,302,820|4,270,010|40,884|4,310,894|
|~E*
Cht||||||||
|Raising funds|||||3,086||3,086|
|Charitable
activities|9|4,003,457|18,522|4,021,979|3,713,632|24,824|3,738,456|
|Total resources||||||||
|expended||4,003,457|18,522|4,021,979|3,716,718|24,824|3,741,542|
|Net income for the year/||||||||
|Net movement
in funds||256,575|24,266|280,841|553,292|16,060|569,352|
|Fund balances at 1||||||||
|September 2022||5,472,637|28,669|5,501,306|4,919,345|12,609|4,931,954|
|Fund balances at 31||||||||
|August 2023|22|5,729,212|52,935|5,782, 147|5,472,637|28,669|5,501,306|
##
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|||||||2023||2022||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|F||||
|Fixed assets||||||||||
|Tangible assets|||||14||4,211,572||2,572,344|
|Investment|property||||15||||750,000|
||||||||4,211,572||3,322,344|
|Current assets||||||||||
|Debtors|||||16|245,018||694,018||
|Cash at bank and||in|hand|||2,882,891||3,396,213||
|||||||3,127,909||4,090,231||
|Creditors:|amounts||falling due within||17|||||
|one year||||||1,505,874||1,840,475||
|Net current|assets||||||1,622,035||2,249,756|
|Total assets less||current||liabilities|||5,833,607||5,572,100|
|Creditors:|amounts||falling|due after||||||
|more than|one year||||18||(51,460)||(70,794)|
|Net assets|||||||5,782,147||5,501,306|
|The funds|ofthe|charity||||||||
|Restricted|income|funds|||20||52,935||28,669|
|Unrestricted|funds||||||5,729,212||5,472,637|
||||||||5,782,147||5,501,306|
##
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||||2023||2022||
|---|---|---|---|---|---|---|
|||Notes||||8|
|Cash flows from operating
activities
Cash generated
from operations||27||477,354||1,166,149|
|Investing
activities
Purchase
oftangible
fixed assets||14|(1,020,607)||(664,156)||
|Proceeds on disposal oftangible
fixed
assets
Interest received|||4,960
24,971||1,502
15,565||
|Rent received|||||||
|Net cash used in investing|activities|||(990,676)||(647,089)|
|Net (decrease)/increase
in
equivalents|cash and cash|||(513,322)||519,060|
|Cash and cash equivalents|at beginning|ofyear||3,396,213||2,877,153|
|Cash and cash equivalents|at end ofyear|||2,882,891||3,396,213|
|The charity had no net debt|during the year.||||||
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2023|2023|2023|2022|2022|2022|
||||6|6|6|6|6|6|
|Donations|and|gifts|1,184|11,066|12,250||26,490|26,490|
|Grants||||||10,493||10,493|
||||1,184|11,066|12,250|10,493|26,490|36,983|
##
|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2022|
||||||6|
|Letting|and|licensing|arrangements||(1,770)|
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|||2023|2022|
|---|---|---|---|
|||6||
|School fees within charitable|activities|4,234,473|4,228,230|
|Pupil Premium||31,722|14,394|
|||4,266,195|4,242,624|
|Analysis
by fund||||
|Unrestricted
funds||4,234,473||
|Restricted
funds||31,722||
|||4,266,195||
|For the year ended 31August 2022||||
|Unrestricted
funds|||4,228,230|
|Restricted
funds|||14,394|
||||4,242,624|
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|||6|F|
|Rental|income||15,565|
|Interest|receivable|24,971|1,502|
|||24,971|17,067|
##
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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2022|
|||||f|f|
|Net gain|on disposal oftangible||fixed assets|(817)||
|Miscellaneous||income||221|1,241|
|Insurance|claims||||14,749|
|||||(596)|15,990|
##
||||2023|2022|
|---|---|---|---|---|
|Investment|property|costs||3,086|
|||||3,086|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||6||
|Establishment||||737,683|672,778|
|School expenses||||2,648,237|2,480,445|
|||||3,385,920|3,153,223|
|Share of|support costs (see note 10)|||591,705|526,532|
|Share of|governance||costs (see note 10)|44,354|58,701|
|||||4,021,979|3,738,456|
|Analysis|by|fund||||
|Unrestricted||funds||4,003,457||
|Restricted|funds|||18,522||
|||||4,021,979||
|For the year||ended|31August 2022|||
|Unrestricted||funds|||3,713,632|
|Restricted|funds||||24,824|
||||||3,738,456|
##
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|Support cos|ts|||||
|---|---|---|---|---|---|
|||Support|Governance|2023|2022|
|||costs|costs|||
||||6|||
|Depreciation||125,602||125,602|99,632|
|Salaries||355,232||355,232|299,895|
|Staff training||11,980||11,980|18,186|
|Sundry||4,211|3,219|7,430|8,201|
|Telephone||6,722||6,722|31,035|
|Office costs||8,467||8,467|9,997|
|Motor expenses||16,983||16,983|17,299|
|Computer expenses||46,949||46,949|27,800|
|Payroll||4,515||4,515|3,153|
|Professional|fees|9,809||9,809|13,646|
|Bank charges||1,235||1,235|1,015|
|Audit fees|||14,720|14,720|13,560|
|Accountancy|||18,679|18,679|17,471|
|Legal and professional|||7,736|7,736|24,343|
|||591,705|44,354|636,059|585,233|
##
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|The ave|rage
|monthly
number
ofem|ployees
during the year was:|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||Number|Number|
|School||||57|59|
|Establishment||||11|12|
|Administration||||6|6|
|||||74|77|
|Employment||costs||2023|2022|
|||||6|K|
|Wages|and salaries|||2,435,388|2,365,999|
|Social security||costs||236,711|221,640|
|Other pension||costs||213,004|201,433|
|Benefits|in kind - healthcare|||22,573|22,076|
|Change|in present value for pension||obligation|(13,377)|(123,554)|
|||||2,894,299|2,687,594|
|The num
were:|b|er
of employees
whose
annual
remuneratio|n
was 660,000 or more||
|---|---|---|---|---|
||||2023|2022|
||||Number|Number|
|660,000
f70,000|-
-|669,999
679,999||1|
|680,000|-|689,999|||
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|14|Tangible fixed assets||||||||||
|||||||Freehold
land|Plant and|Fixtures and|Motor|Total|
|||||||and buildings|equipment|fittings|vehicles||
|||||||6|6|6|f||
||Cost||||||||||
||At 1 September 2022|||||4,730,429|274,866|411,257|49,677|5,466,229|
||Additions|||||919,535||101,072||1,020,607|
||Disposals|||||(27,975)|(43,905)|(207,305)||(279,185)|
||Transfer from investment|||property||750,000||||750,000|
||At 31 August|2023||||6,371,989|230,961|305,024|49,677|6,957,651|
||Depreciation|and impairment|||||||||
||At 1 September 2022|||||2,282,992|236,614|344,550|29,729|2,893,885|
||Depreciation|charged|in|the|year|78,255|9,461|33,686|4,200|125,602|
||Eliminated
in respect of|||disposals||(27,975)|(38,969)|(206,464)||(273,408)|
||At 31August|2023||||2,333,272|207,106|171,772|33,929|2,746,079|
||Carrying
amount||||||||||
||At 31August|2023||||4,038,717|23,855|133,252|15,748|4,211,572|
||At 31August|2022||||2,447,437|38,252|66,707|19,948|2,572,344|
|15|Investment|property|||||||||
|||||||||||2023|
|||||||||||6|
||Fair value||||||||||
||At 1 September 2022|||||||||750,000|
||Transfers to|owner-occupied|||property|||||(750,000)|
||At 31 August|2023|||||||||
##
|Debtors||||
|---|---|---|---|
|||2023|2022|
|Amounts
falling due within one year:||6||
|School fees|receivable|221,807|642,084|
|Prepayments|and accrued income|23,211|51,934|
|||245,018|694,018|
##
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|Creditors: amounts
|falling due within one year|||
|---|---|---|---|
|||2023f|2022
8|
|Fees in advance (see|note 19)|1,315,503|1,327,785|
|Trade creditors||92,842|386,020|
|Other creditors||40,090|47,684|
|Accruals and deferred|income|57,439|78,986|
|||1,505,874|1,840,475|
|2023|2022|
|---|---|
|F|F|
|51,460|70,794|
##
|||||2023|2022|
|---|---|---|---|---|---|
|Fees in advance at 1 September 2022||||1,327,785|1,343,423|
|Recognised as income
Fees invoiced
prior to|in 2022-23 year
31 August 2023, and carried|forward|to|(1,327,785)|(1,343,423)|
|2023-24||||1,315,503|1,327,785|
|Fees in advance at 31|August 2023|||1,315,503|1,327,785|
##
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||||At 1|Incoming|Resources|At 31August|
|---|---|---|---|---|---|---|
||||September|resources|expended|2023|
||||2022||||
||||6||||
|Pupil Premium|||11,859|35,011|(6,761)|40,109|
|Vocational|building|&equipment|6,487|7,277|(5,311)|8,453|
|Media suite|||105|||105|
|Education|and childcare||50||(50)||
|Fair Fax &|Morrisons||9,128|100|(6,000)|3,228|
|Vaccination|funding||1,040|||1,040|
|Coronation|grant|||400|(400)||
||||28,669|42,788|(18,522)|52,935|
|Previous year:|||At 1|Incoming|Resources|At 31August|
||||September|resources|expended|2022|
||||2021f||||
|Pupil Premium|||3,874|14,394|(6,409)|11,859|
|Vocational|building|&equipment|6,899|200|(612)|6,487|
|Media suite|||105|||105|
|Education|and childcare||623|16,750|(17,323)|50|
|Fair Fax|||1,108|8,500|(480)|9,128|
|Vaccination|funding|||1,040||1,040|
||||12,609|40,884|(24,824)|28,669|
##
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|||At 1|Incoming|Resources|At 31August|
|---|---|---|---|---|---|
|||September|resources|expended|2023|
|||2022||||
|General funds||5,472,637|4,260,032|(4,003,457)|5,729,212|
|Previous|year:|At 1|Incoming|Resources|At 31August|
|||September|resources|expended|2022|
|||2021||||
|||6|||f|
|General funds||4,919,345|4,270,010|(3,716,718)|5,472,637|
|Analysis|of net assets between funds|||||
||||Unrestricted|Restricted|Total|
||||funds|funds||
||||2023|2023f|2023
6|
|Fund balances at 31August 2023 are represented||by:||||
|Tangible assets|||4,211,572||4,211,572|
|Current assets|||1,569,100|52,935|1,622,035|
|Long term|liabilities||(51,460)||(51,460)|
||||5,729,212|52,935|5,782,147|
||||Unrestricted|Restricted|Total|
||||funds|funds||
||||2022|2022|2022|
||||6||6|
|Fund balances at 31August 2022 are represented||by:||||
|Tangible assets|||2,572,344||2,572,344|
|Investment|properties||750,000||750,000|
|Current assets|||2,221,087|28,669|2,249,756|
|Long term|liabilities||(70,794)||(70,794)|
||||5,472,637|28,669|5,501,306|
##
##
|Amounts
c|ont|racted
fo|r but|not p|rovided
in the financial statements|:||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||||||||6|
|Acquisition|of|property,|plant|and|equipment||480,642|
##
||2023|2022f|
|---|---|---|
|Within one year|9,048|6,237|
|Between two and five years|9,672||
||18,720|6,237|
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|27|Cash generated
from operations||||2023|2022|
|---|---|---|---|---|---|---|
||Surplus for the year||||280,841|569,352|
||Adjustments
for:||||||
||Investment
income recognised
in statement
Loss on disposal oftangible
fixed assets||offinancial|activities|(24,971)
817|(17,067)|
||Depreciation
and impairment
oftangible|fixed assets|||125,602|99,632|
||Movements
in working
capital:||||||
||Decrease
in debtors
(Decrease)/increase
in creditors||||449,000
(353,935)|352,428
161,804|
||Cash generated
from operations||||477,354|1,166,149|