## ## ||||PAGE| |---|---|---|---| |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| ## ## ##