2023-08-31-accounts - Pennthorpe School Trust Limited

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Legal and	Administrative Information
Governors'	Report (incorporating	the Strategic Report)
Report of	the Independent Auditors
Statement	of Financial Activities
Balance Sheet
Cash Flow	Statement
Notes to the Financial Statements

Key Management	Key Management	Personnel
Head
Deputy	Head
Charity number
Company	number
Registered	office	and principal address

Mrs S Browne (Chair)
Mr M Baynham
Mr N Creed
Mrs D Kay
Mr M Proffitt
Dr N Roberts
Mr RSharkey
Mr C Murray
Mr J Marler
307043
00799603
Pennthorpe School
Church Street
Rudgwick
West Sussex
RH12 3HJ
TC Group
The Courtyard
Shoreham Road
Upper Beeding
West Sussex
BN44 3TN
Barclays Bank pic
90 High Street
Crawley
West Sussex
RH10 1BP

			Notes	Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
				Funds	Funds	2023	Funds	Funds	2022
				E	f	f	f	f	f
INCOME FROM:
Donations					19,028	19,028	1,340	29,330	30,670
Other trading activities				23,031		23,031	27,512		27,512
Investments				6,618		6,618	4,597		4,597
Charitable activities				3,420,031		3,420,031	3,446,452		3,446,452
Other income				1,587		1,587
Total income				3,451,267	19,028	3,470,295	3,479,901	29,330	3,509,231
EXPENDITURE ON:			10
Raising Funds				49,665		49,665	37,059		37,059
Charitable activities				3,605,208	500	3,605,708	3,323,046		3,323,046
Total expenditure				3,654,873	500	3,655,373	3,360,105	-	3,360,105
Net income/expenditure		and net		(203,606)	18,52S	(1S5,078)	119,796	29,330	149,126
movement in funds
Transfers between	funds		21	1&,528	(18,528)		29,330	(29,330)
Net movement in funds				(185,078)		(185,078)	149,126		149,126
Fund balances brought		forward		4,184,760		4,184,760	4,035,634		4,035,634
Fund balances carried forward			20	3,999,682		3,999,682	4,184,760		4,184,760

	Notes	Notes		2023	2022
FIXEDASSETS
Tangible assets				4,687,590		4,770,232
CURRENT ASSETS
Stock		13	29,313		27,216
Debtors		14	203,245		174,319
Cash at bank and in hand			276,222		614,135
			508,780		815,670
CURRENT LIABILITIES
Creditors due within one year		15	(638,998}		(798,435}
NET CURRENT ASSETS				(130,218)		17,235
CREDITORS DUE AFTER MORE THAN ONE YEAR		16		(557,690}		(602,707)
NET ASSETS				3,999,682		4,184,760
REPRESENTED BY:
RESTRICTED FUNDS
UNRESTRICTED FUNDS		20
General school funds				3,999,682		4,184,760
				3,999,682		4,184,760
The accounts were approve	by the Board ofGovernors	and	signed on	their beha
Mrs SBrowne			M Baynham
Governor			Governor

		Notes	2023		2022
Cash flows from operating activities:
Net income/(expenditure) for the year			(185,078)		149,126
Adjustments for:
Depreciation charges		12	209,543		95,968
Dividends, interest and rents from investments		7	(6,618)		(4,597)
Interest payable			30,939		15,345
Loss/(profit) from sale oftangible fixed assets			(1,587)
(increase)/decrease in stock			(2,097)		{4,330)
(Increase)/decrease in debtors			(28,926)		(6,214}
Increase/{decrease) in creditors			(152,412)		176,694
Net cash provided by/(used in) operating	activities			(136,236)		421,992
Cash flows from investing activities:
Dividends, interest and rents from investments			6,618		4,597
Proceeds on sale oftangible fixed assets			4,500
Purchase oftangible fixed assets			(129,814)		(434,198)
Net cash provided by/{used in) investing	activities			{118,696}		{429,601}
Cash flows from financing activities:
Loan repayments			(52,042)		{57,316)
Interest payabie			(30,939)		(15,345)
Net cash provided by/{used in) financing	activities			(82,981)		{72,661)
Change in cash and cash equivalents in the year				{337,913)		(80,270)
Cash and cash equivalents at the beginning ofthe year				614,135		694,405
Cash and cash equivalents at the end ofthe year				276,222		614,135
Analysis ofcash and cash equivalents
Cash at bank and in hand				276,222		614,135
Total cash and cash equivalents				276,222		614,135
The notes on pages 16to 23 form part ofthese financial		statements

This is stated after charging:	This is stated after charging:		2023 E	2022 f
Operating lease payments			42,637	42,284
Stock recognised as an	expense		16,394	19,253
Depreciation			209,543	95,968
(Profit)/loss on disposal	ofassets		1,587
Auditors' remuneration	—audit services (see note 10)		9,990	9,300
Auditors' remuneration	—non-audit	services (see note 10)		720

5	INCOME FROM	DONATIONS AND LEGACIES
			UNRESTRICTED	RESTRICTED	TOTAL	TOTAL
					2023	2022
				E	E	E
	Donations			19,028	19,028	30,670
6	INCOME FROM	OTHER TRADING ACTIVITIES
			UNRESTRICTED	RESTRICTED	TOTAL	TOTAL
					2023	2022
			E		E	f
	School uniform	shop	23,031		23,031	27,512
7	INCOME FROM	INVESTMENTS
			UNRESTRICTED	RESTRICTED	TOTAL	TOTAL
					2023	2022
					E	E
	Interest receivable		6,618		6,618	4,597

INCOME FR	OM CHARITABLE A	CTIVITIES
			TOTAL	TOTAL
			2023	2022
			f	f
Gross school	fees		3,409,920	3,420,772
less bursaries	and allowances		(175,615)	j150,573)
Net school fees			3,234,305	3,270,199
Add:
Registration	fees		11,750	15,600
Extras			7,643	5,275
School bus service and minibus		hire	4,845	5,174
Flexiday income			15Q,118	142,589
Premises hire			11,370	7,615
			3,420,031	3,446,452

OTHER INCOME			UNRESTRICTED	RESTRICTED	TOTAL	TOTAL
					2Q23	2022
					f	f
Profit on disposal offixed assets			1,587		1,587
			1,587		1,587
ANALYSIS OF EXPENDITURE
		Staff	Depreciation	Other	Total	Total
		Costs		costs	2023	2022
		f	f	f	f.	f
Costs ofraising	funds
School uniform	shop			16,394	16,394	19,253
Finance costs				33 271	33.271	17,806
Total costs of raising funds				49,665	49,665	37,059
Charitable activities
Education
Teaching		1,863,553	81,266	220,831	2,165,650	1,950,767
Mfelfare				350,627	350,627	305,930
Premises		71,187	128,277	394,582	594,046	453,097
Support and governance		361,411		133,974	495,385	613,252
Total charitable	expenditure	2,296,151	209,543	1,100,014	3,605,708	3,323,046
Total expenditure		2,296,151	209,543	1,149,679	3,655,373	3,360,105

STAT THE YEAR ENDED 31AUGUST 2023	EMENTS
ALYSiS OF EXPEQQiTURE co t d Analysis ofsuupport and governance	costs:
Governance costs Audftoi s remuneration for audit services Governors' training Total governance costs		2023 9,990 210	2022 f 9,30( 2,74&
Support costs:		10,200	12,04(
Auditors'
rernu rnuneration for non audit services: Legal and rof p ofessional fees relating to support Supportstaffwawages, national insurance and pension Other support costs		35,170 361,411	720 128,684 351,280
TAFFCOSTS		88,604	120,522 613,252

v	g g	m m	ont i onthly number ofemployees du"ing th y' "
				2023	2022
Teaching				Number	Number
Classroom
	assistants
Admi ni m nistration,			premises and other	34 21	32 23
				13	13
The aggre ate g		payroll costs for the year were as follows.			68
Wages and salaries				2023	2022
Social security Pension costs	costs			1,878,149	f 1,786,780
Employee benefits				180,676	173,716
Agency staff				209,761	184,421
				24,665	30,217
				2,900
one ofthe ov				2296151	2 175134

2023	2022
Number	Number

Information. In 2023	:3staff	(2022:4s	taff)
							2023	2022
Aggregate employee	benefits	of key management		personnel			19S,676	266,608
(including employer	national	insurance	and pension contributions)
TANGIBLE FIXEDASSETS
				Freehold	Fixtures,	Computer	Motor	Total
				Land and	Fittings Bt	Equipment	Vehicles
				Buildings	Equipment
				E	E		E
Cost
At 1September 2022				6,016,212	603,441	265,515	28,989	6,914,157
Additions				23,076	58,972	30,402	17,364	129,814
Disposa Is							(6,995)	(6,995)
At 31August 2023				6,039,2S8	662,413	295,917	39,358	7,036,976
Depreciation
At 1September 2022				1,596,757	354,655	183,875	8,639	2,143,926
Charge for year				128,277	40,581	32,797	7,888	209,543
Eliminated on disposal							(4,083)	(4,083)
At 31August 2023				1,725,034	395,236	216,672	12,444	2,349,386
Net BookValue
At 31August 2023				4,314,254	267,177	79,245	26,914	4,687,590
At 31August 2022				4,419,455	248,786	81,640	20,350	4,770,232

13	STOCK
				2023	2022
					f
	Stock ofuniform			29,313	27,216
14	DEBTORS
				2023	2022
				f	f
	Fee debtors			87,281	81,530
	Prepayments	and accrued income		102,299	87,199
	Other debtors			13,665	5,590
				203I245	174,319
1S	CREDITORS: due within one year
				2023	2022
				f	f
	Bank loan {secured -see note 17)			54,500	57,025
	Trade creditors			159,437	97,192
	Accruals and	deferred income		35,190	144,337
	Other creditors			33,86S	52,293
	Feesin advance			284,283	384,477
	Deposits			18,500	23,000
	Other taxes and social security			53,223	40,111
				638,998	798,435
	Fees in advance represent fees received for Autumn		term 2023.

16	CREDITORS: due after more than	one year
				2023	2022
	Bank loan (secured - see note 17)			456,190	505,707
	Deposits			101,500	97,000
				557,690	602,707
17	ANALYSIS OF SECURED DEBTS
	The bank loan is wholly repayable	in instalments	as follows:	2023	2022
				f	f
	In less than one year			54,500	57,025
	In more than one year but less than five years			218,000	228,100
	In more than five years			238,190	277,607
				510,690	562,732

At 31August 2023 the company had total commitments u leases which are payable as follows:	nder non-cancellable operating
	2023	2022
	f	f
Within one year	36,970	36,970
Between one and five years	28,848	65,818
	65,818	102,788

ANALYSIS OF NET ASSETS BETWEEN FUNDS
	Unrestricted	Restricted	Total
	Funds	Funds	2023
At 31August 2023	f	f	f
Tangible fixed assets	4,687,59Q		4,687,590
Current assets	508,780		508,780
Creditors: less than one year	(638,998)		(638,998)
Creditors: more than one year	(557,690)		(557,690)
	3,999,682		3,999,682
	Unrestricted	Restricted	Total
	Funds	Funds	2022
At31August 2022	f	f	f
Tangible fixed assets	4,770,232		4,770,232
Current assets	815,670		815,670
Creditors: less than one year	(798,435)		(798,435)
Creditors: more than one year	(602,707)		(602,707)
	4,184,760		4,184,760