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|Governors|||5 M Barnett BScACG (Chairman)|
|---|---|---|---|
||||P Y Booth BA PGCE (Vice Chairman)|
||||P A Kent (FRICS —retired)|
||||D Kelsey|
||||D EJ Kittow LLB|
||||S Mills BSMCIM MMRS MIDM|
||||I Rudge (FRICS - retired)|
||||R J Sharp|
|Principal|||5 Bakhtiari
MA, BA, QTS|
|General Manager||and Company Secretary|A BWarner|
|Charity Number|||307045|
|Company|Number||00875915|
|Registered|Office|& Principal Address|Shoreham
College|
||||St Julian's
Lane|
||||Shoreham-by-Sea|
||||West Sussex|
||||BN43 6YW|
|Auditors|||TC Group|
||||The Courtyard|
||||Shoreham
Road|
||||Upper Beeding|
||||Steyning|
||||West Sussex|
||||BN44 3TN|
|Bankers|||Barclays Bank PLC|
||||North Street|
||||Brighton|
||||East Sussex|
||||BN1 1SF|
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||||Page|
|---|---|---|---|
|Governors'
Report (incorporating||the Strategic Report)|1-10|
|Statement
ofGovernors'
Responsibilities||||
|Independent
Auditor's|Report||12-16|
|Statement
of Financial|Activities||17|
|Balance Sheet|||18|
|Cash Flow Statement|||19|
|Notes to the Accounts|||20-30|
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||||||Unrestricted|Designated|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2023|2022|
|||||Notes|f|f|f|f|
|t|||||||||
|Incoming resources from generated|||funds||||||
|Donations|||||1,184||1,184|6,467|
|Lettings income|||||6,649||6,649|4,222|
|Bank interest|||||59,571||59,571|5,385|
|Charitable
activities||||3|5,645,891||5,645,891|5,064,262|
|Total income|||||5,713,295||5,713,295|5,080,336|
|di«|||||||||
|Charitable
activities|||||||||
|Education|||||5,173,188||5,173,188|4,723,755|
|Total expenditure|||||5,173,188||5,173,188|4,723,755|
|Net income|||||540,107||540,107|356,581|
|Transfer between||funds||12|(250t000)|250,000|||
|Net movement|In|funds|||290,107|250,000|540,107|356,581|
|Fund balances|at|1September 2022|||8,093341|1,525,000|9,618+41|9,261,760|
|Fund balances|at|31August 2023||13|Bt383t448|1775t000|lot158448|9 618 341|
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|||||||2023||2022||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|||||
|Fixed assets||||||||||
|Tangible assets|||||||5,207i621||5,279,318|
|Current assets||||||||||
|Stocks||||||26,638||29,284||
|Debtors|||||8|1,626,402||1,453,239||
|Cash at bank||and|in|hand||5,7S8,181||5,006,948||
|||||||7i441,221||6,489,471||
|Creditors: amounts||||falling due within one|9|(2,490,394)||(2,150,448)||
|year||||||||||
|Net current|assets||||||4,950,S27||4,339,023|
|Net assets|||||||10,158,448||9,618,341|
|Income funds|||||13|||||
|Unrestricted||funds:||||||||
|Designated|funds||||12||1,775,000||1,525,000|
|Other charitable|||funds||||8383,448||8,093,341|
||||||||10,158,44S||9,618,341|
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|||||||2023
f|2022f|
|---|---|---|---|---|---|---|---|
|Gross school fees||||||5,703,254|5,052,501|
|8ursaries,
scholarships||and|discounts|||(220,658)|(144,700)|
|Net school fees||||||5,482,596|4,907,801|
|Minibus
income||||||125,815|109,085|
|Extras||||||36,790|43,954|
|Sundry
Income||||||690|3,422|
|Net school fees||||||5,645,891|5,064,262|
|4.
Total expenditure||||||||
||||Staff costs|Depreciation|Other|Total|Total|
||||f||Costs|2023|2022|
||||||E|6|E|
|Charitable
activities||||||||
|Education||||||||
|Teaching costs|||3,124,589|34,706|109,663|3,268,958|2,972,831|
|Welfare costs|||||493,835|493,835|401,203|
|Premises costs|||264,861|147,824|345,749|758,434|711,043|
|Support costs|||415,857||236,104|651,961|638,678|
|Total charitable|activities||3,805,307|182,530|1,185,351|5,173,188|4,723,755|
|Total expenditure|||3,805,307|182,530|1,185,351|5)173)188|4,723,755|
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|equivalent
em|ployees
during the year was:|||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|Teaching|||41|
|Non-teaching||34|35|
|Total||76|76|
|Employment|costs|2023|2022|
|Wages and salaries||3,004,017|2,741,231|
|Social security|costs|301,914|274,602|
|Other pension|costs|499,376|465,975|
|||3,805,307|3,481,808|
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|2023|2022|
|---|---|
|Number|Number|
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|7.
Tangible fixed assets||||
|---|---|---|---|
|Cost|Land and
buildings|Fixtures,
fittings
&
equipment|Total|
||6|E||
|At 1September 2022|7,502,998|647,852|8,150,850|
|Additions|14,716|96,117|110,833|
|At 31August 2023|7,517,714|743,969|8,261,683|
|Depreciation||||
|At 1September 2022|2,289,415|582,117|2,871,532|
|Charge for the year|147,824|34,706|182,530|
|At31August 2023|2,437,239|616,823|3,054,062|
|Net book value||||
|At 31August 2023|5080i475|127i146|Si207i621|
|At 31August 2022|5,213,583|65,735|5,279,318|
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|8.
Debtors||||
|---|---|---|---|
|||2023|2022|
|Trade debtors||1,582,793|1,413,804|
|Prepayments|and accrued income|43,609|39,435|
|||1,626,402|1,453,239|
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|9.
Creditors: amounts
falling due within one year|||
|---|---|---|
||2023|2022|
||f|f|
|Trade creditors|114,422|67,582|
|Taxes and social security costs|79,533|68,391|
|Feesin advance|2,059,677|1,829,720|
|Fee deposits|116,800|113,350|
|Other creditors|119,962|71,405|
||2,490,394|2,150,448|
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||||||Movement
In Funds|Movement
In Funds|||
|---|---|---|---|---|---|---|---|---|
||||1|Balance at
September
2022|incoming
Resources|Resources
Expended|Transfers|Balance at
31August
2023|
|Capital|Development|Fund||1,525,000|||250,000|1,775,000|
|||||1,525,000|||250 000|1~775p000|
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||||||Unrestricted|Designated|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds||
|Fund balances|at31August 2023 are||represented|by:||||
|Tangible fixed|assets||||5,207,621||5,207,621|
|Current assets|||||5,666,221|1,775,000|7,441,221|
|Creditors: amounts||falling due within|one year||(2,490,394)||(2,490,394)|
||||||8,383,448|1,775,000|10,158,448|
||||||Unrestricted|Designated|Total|
||||||Funds|funds||
|Comparative|Fund|balances at31August 2022 are||||||
|represented
by:
Tangible fixed assets
Current assets|||||5,279,318
4,964,471|1,525,000|5,279,318
6,489,471|
|Creditors: amounts||falling due within|one year||(2,150,448)||(2,150,44S)|
||||||8,093,341|1,525,000|9,618,341|
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|14. Net cash inflow|/(o|utflow)
from operating
activities|||
|---|---|---|---|---|
||||2023|2022|
|Reconciliation to changes
in resources|||f|6|
|Net income|||540,107|356,581|
|Interest received|||(59,571)|(5,385)|
|Depreciation
oftangible
fixed assets
(Increase)/decrease
in stocks
(Increase)/decrease
in debtors
Increase/(decrease)ln
creditors|||182,530
2,646
(173,163)
339,946|182,823
326
(107,101)
228,295|
||||832,495|655,539|
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|15. Reco|nciliation
ofnet cash flow to movement
In n|et funds||
|---|---|---|---|
|||2023|2022|
|||f|E|
|Movement|in net funds|781,233|585,973|
|Net funds|at 1September 2022|5,006,948|4,420,975|
|Net funds|at31August 2023|5,788,181|5,006,948|
|||||||At 1
September
2022|Cash flaw|Non-cash
changes|At 31August
2023|
|---|---|---|---|---|---|---|---|---|---|
|||||||6|f||6|
|Cash|at|bank|and|in|hand|5,006,948|781,233||5,788,181|
|||||||5,006,948|781,233||5,788,181|
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|At 31August
2023 the company
had total commitmen
follows;|ts
under
non-cancellable
operating
lea|ses as|
|---|---|---|
||2023|2022|
||f|E|
|Expiry date;|||
|Within one year|26,508|54,664|
|Between two and five years|15,456|41,964|
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