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|Governors||||PGoodfellow|PGoodfellow|(Chair)|(Chair)||D Marsh|
|---|---|---|---|---|---|---|---|---|---|
|||||M Billington|||||F Morgan|
|||||CColey-Maud|||||W Pollard|
|||||EGuest|||||Rev M Poole|
|||||LJamil|||||AStembridge|
|||||0 Legg|||||AWatson-Lee|
|Principal||||A McCleave||||||
|Bursar and||Company|Secretary|R Munro||||||
|Charity Number||||307328||||||
|Company|Number|||00733644||||||
|Registered||Office &|Principal Address|Fernhill
Lane||||||
|||||New Milton||||||
|||||Hampshire||||||
|||||BH25 SSU||||||
|Auditors||||TCGroup||||||
|||||The Courtyard||||||
|||||Shoreham|Road|||||
|||||Upper Beeding||||||
|||||Steyning||||||
|||||West Sussex||||||
|||||BN44 3TN||||||
|Bankers||||HSBC||||||
|||||62 Commercial|||Road|||
|||||Bournemouth||||||
|||||BH2 SLR||||||
|Solicitors||||Mo ore Barlow|||LLP|||
|||||The Oriel||||||
|||||Sydenham|Road|||||
|||||Guildford||||||
|||||GU1 3SR||||||
|Investment||Advisors||Atomos investments||||Limited||
|||||24 Monument|||Street|||
|||||London||||||
|||||EC3R 8AJ||||||
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||||Page|
|---|---|---|---|
|Governors'
Report (incorporating||the Strategic Report)||
|Statement ofGovernors'|Responsibilities|||
|Independent
Auditor's|Report|||
|Statement of Financial Activities|||12|
|Balance Sheet|||13|
|Cash Flow Statement|||14|
|Notes tothe Accounts|||1S|
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|||Notes|Unrestricted|Restricted|Total 2023|Total 2022|
|---|---|---|---|---|---|---|
|INCOME FROM:|||||E|E|
|Donations
and legacies||||||1,000|
|Charitable
activities|||7,349,818||7,349,818|6,992,429|
|Other trading
activities|||40,533||40,533|23,188|
|Investment
income|||145,848||145,848|81,775|
|Otherincome|||53,099||53,099|21,865|
|Totalincome|||7,589,298||7,589,298|7,120,257|
|EXPENDITURE ON:|||||||
|Raismg funds|||15,852||15,852|13,268|
|Charitable
activities|||7,175,490|94,253|7,269,743|6,400,373|
|Total expenditure|||7,191,342|94,253|7,285,595|6,413,641|
|Net income/(expenditure)|||397,956|(94,253)|303,703|706,616|
|Gains / (losses) on investments||13|(4,670)||(4,670)|(402,842)|
|Net movement
in funds|||393,286|(94,253)|299,033|303,774|
|Fund balances brought|forward||8,777,668|94,253|8,871,920|8,568,146|
|Fund balances at carried forward|||9,170,954||9,170,954|8,871,920|
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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Cash flows from operating|activities:||||||||
|Net cash used in operating|activities|||17||505,975||823,157|
|Cash flows from investing|activities||||||||
|Dividends
and interest income from
investments||||6|88,066||76,072||
|Purchase oftangible fixed|assets|||12|(416,239)||(45,928)||
|Additions to investments|||||(4,289,158)||(1,268,718)||
|Proceeds on disposal ofinvestments|||||4,216,990||1,205,924||
|Interest received|||||57,782||5,703||
|Net cash used in investing|activities|||||(342,559)||(26,947)|
|Change in cash and cash equivalents||in the year||||163,416||796,210|
|Cash and cash equivalents|at the beginning||ofthe|year||3,935,441||3,139,231|
|Cash and cash equivalents|at the end|of the||||4,098,857||3,935,441|
|year|||||||||
|Analysis ofcash and cash|equivalents||||||||
|Cash at bank and in hand||||||4,098,857||3,935,441|
|Total cash and cash equivalents||||||4,098,857||3,935,441|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||E|E|2023|2022|
||||||E|F|
|Donations||||||1,000|
|||||||1,000|
|INCOME FROM CHARITABLE ACTIVITIES|||||||
||||||2023|2022|
||||||E|E|
|Gross School||fees|||7,763,526|7,422,463|
|Less:|||||||
|Bursaries and discounts|||||(585,241I|(565,455)|
|Net School|fees||||7,178,285|6,857,008|
|Add:|||||||
|Registration||fees|||11,247|14,623|
|Extras|||||160,286|120,798|
||||||7,349,818|6,992,429|
|THER TRADING ACTIVITIES|||||||
||||Unrestricted|Restricted|Total|Total|
||||E|E|2023|2022|
||||||E|E|
|Holiday and other lettings|||40,533||40,533|22,906|
|Insurance|income|||||282|
||||40,533||40,533|23,188|
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|6.|INVESTMENT INCOME||||||||
|---|---|---|---|---|---|---|---|---|
|||Unrestricted||Restricted||Total||Total|
||||E|E||2023||2022|
|||||||E||E|
||Interest income||57,782|||57,782||5,703|
||Investment
income||88,066|||88,066||76,072|
||||145,848|||145,848||81,775|
|7.|OTHER INCOME||||||||
|||Unrestricted||Restricted||Total||Total|
||||E|6||2023||2022|
|||||||E.||E|
||Other income||49,208|||49,208||21,865|
||Commission
received||656|||656|||
||Gain on sale offixed assets||3,235|||3,235|||
||||53,099|||53,099||21,865|
|8.|ANALYSIS OF EXPENDITURE||||||||
|||Staff costs|Depreciation|Other|costs|Total|2023|Total 2022|
|||E|6||E.||6|F.|
||Raising Funds||||||||
||Investment
management
fees|||15,852||15,852||13,268|
||Charitable
expenditure||||||||
||Education|4,056,874|188,978|432,278||4,678,130||4,101,141|
||Housekeeping|303,099||402,993||706,092||639,468|
||Establishment|338,946||609,790||948,736||823,798|
||Finance costs||||1,768||1,768|2,472|
||Support costs|610,972||324,045||935,017||833,494|
|||5,309,891|188,978|1,770,874||7,269,743||6,400,373|
||Total expenditure|5,309,891|188,978|1,786,726||7,285,595||6,413,641|
##
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|Analysis of support|Analysis of support|and|governance|costs:|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||f|f|
|Auditors'
remuneration|||for audit services||18,432|13,674|
|Governance
support||costs|||1,429|353|
|Tata I governance|costs||||19,861|14,027|
|Support costs:|||||||
|Wages and salaries|||||610,972|522,399|
|Marketing|||||53,190|69,641|
|Legal and professional|||||49,122|59,395|
|IT|||||94,846|81,743|
|Insurance|||||50,876|49,247|
|Other office costs|||||56,150|33,665|
|Depreciation||||||3,377|
||||||935,017|833,494|
##
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|The aggregate|payroll costs for the year were as follows:|||
|---|---|---|---|
|||2023|2022|
|||E|f|
|Wages and salaries||4,331,815|3,894,687|
|Social security|costs|397,408|365,635|
|Pension costs||578,697|510,685|
|||5,307,920|4,771,007|
||2023|2022|
|---|---|---|
||No.|No.|
|Administration|15|14|
|Educational|80|72|
|Establishment|10|10|
|Housekeepmg|10|10|
||115|106|
##
|average head count during the year was 15|9(2022: 145).||||
|---|---|---|---|---|
|Staff earning
in excess off60,000 per annum|in the following|bands are.|||
||||2023|2022|
||||No.|No.|
|660,000-669,999|||2|2|
|f80,000 - f'89,999|||1|1|
|f120,000 - 6.129,999|||1|1|
##
|MPARATIVE
STATEMENT OF FINANCIAL A|CTIVITIES —YEAR E|NDED 31AUGUST 2|022||
|---|---|---|---|---|
||No~es|Unrestricted|Restricted|Total 2022|
|INCOME FROM:|||f|f|
|Donations
and legacies|||1,000|1,000|
|Charitable
activities||6,992,429||6,992,429|
|Other trading activities||23,188||23,188|
|Investment
income||81,775||81,775|
|Other income||21,865||21,865|
|Total income||7,119,257|1,000|7,120,257|
|EXPENDITURE ON:|||||
|Raising funds||13,268||13,268|
|Charitable
activities||6,168,638|231,735|6,400,373|
|Total expenditure||6,181,906|231,735|6,413,641|
|Net income / (expenditure)||937,351|(230,735)|706,616|
|Gains/(losses)
on investments||(402,842)||(402,842)|
|Net movement
in funds||534,509|(230,735)|303,774|
|Fund balances brought forward||8,243,158|324,988|8,568,146|
|Fund balances at carried forward||8,777,667|94,253|8,871,920|
##
##
|Freehold buildings
&improvements|Freehold buildings
&improvements|Freehold buildings
&improvements|Furniture,
fittings
&equipment|Furniture,
fittings
&equipment|Computers
&
equipment|Total|
|---|---|---|---|---|---|---|
|Cost|||||||
|At 1September 2022||5,402,433||485,258|441,899|6,329,590|
|Additions||179,428||213,843|22,921|416,192|
|At 31August 2023||5,581,861||699,101|464,820|6,745,782|
|Depreciation|||||||
|At 1September 2022||3,009,385||327,854|398,775|3,736,014|
|Charge for the year||91,771||72,081|25,126|188,978|
|At 31August 2023||3,101,156||399,935|423,901|3,924,992|
|Net book value|||||||
|At31August 2023||2,480,705||299,167|40,920|2,820,792|
|At31August 2022||2,393,048||157,404|43,124|2,593,576|
|FIXEDASSET INVESTMENTS|||||||
|||||||E|
|Valuation
as at 1September|2022|||||3,772,954|
|Additions||||||4,289,158|
|Disposals at opening market value||||||(4,266,524)|
|Revaluations||||||44,910|
|||||||3,840,498|
|Net book value|||||||
|At 31August 2023||||||3,840,498|
|At 31August 2022||||||3,772,954|
##
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||2023|2022|
|---|---|---|
||6|E|
|Consumables|10,795|5,861|
||10,795|5,861|
##
|||2023|2022|
|---|---|---|---|
|||E.|E|
|Trade debtors||142,573|132,468|
|Other debtors||41,090|18,809|
|Prepayments|and accrued income|185,510|131,218|
|||369,173|282,495|
##
|||||2023|2022|
|---|---|---|---|---|---|
||||||E|
|Fees received|in advance|||1,164,783|1,101,806|
|Trade creditors||||360,731|122,943|
|Other taxation|and|social security||104|91,724|
|Other creditors||||179,021|42,901|
|Deposits received||in advance||187,300|218,425|
|Accruals and deferred|||income|77,222|140,608|
|||||1,969,161|1,718,407|
##
||||2023|2022|
|---|---|---|---|---|
||||E|E|
|Net income forthe year|||299,033|303,774|
|Adjustments
for:|||||
|Depreciation
oftangible assets|||188,978|187,311|
|Interest received and|investment|income|(145,848)|(81,775)|
|Decrease / (increase)|in stocks||(4,934)|3,461|
|(Increase) / decrease|in debtors||(86,678)|(127,916)|
|Increase / (decrease)|in creditors||250,754|135,460|
|Net fair value losses / (gains) in investments|||4,670|402,842|
||||505,975|823,157|
##
|||||2023|2022|
|---|---|---|---|---|---|
|Within|one|year||74,746|76,663|
|More|than|one|year|120,656|46,899|
|||||195,402|123,582|
##
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||Unrestricted|Restricted|Total|
|---|---|---|---|
||f|f|2023|
|Fund balances as at 31August 2023 are|||f|
|represented
by:||||
|Tangible assets|6,661,290||6,661,290|
|Current assets|4,478,825||4,478,825|
|Current liabilities|(1,969,161)||(1,969,161)|
||9,170,954||9,170,954|
||Unrestricted|Restricted|Total|
||f|F.|2022|
|Fund balances as at 31August 2022 are|||f|
|represented
by:||||
|Tangible assets|6,366,530||6,366,530|
|Current assets|4,129,544|94,253|4,223,797|
|Current liabilities|(2,505,390)||(2,505,390)|
||8,777,667|94,253|8,871,920|
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