2022-08-31-accounts - Papplewick Educational Trust Limited

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			Unrestricted	Unrestricted	Restricted	Total	Unrestricted	Unrestricted	Restricted	Total
				Funds	Funds	2022		Funds	Funds	2021
		Note		E	F	f		E		E
INCOME FROM
Charitable activities:
School fees		3		5,454,578		5,454,578	4,765,393			4,765,393
Other educational income		4		10,529		10,529		9,394		9,394
Other trading activities				3,174		3,174		2,787		2,787
Investments
interest from UK bank accounts				2,206		2,206		1,723		1,723
Donations				126,571	69,410	195,981		15,539	73,569	89,108
Other income
Sundry income				71,700		71,700		3,804		3,804
CJRS grant								41.630		41 630
Total income				5668758	69410	5738168 4840270			73569	4.913839
EXPENDITURE	ON:
Charitable activities:
School and grant making				5044988	31605	5076593 4.558140			16170	4574.310
Total expenditure		5		5044986	31605	5076593 4558140			16170	4.574310
Net income for	the year	15,	16 623,770		37,805	661,575		282,130	57,399	339,529
Transfers								46,279	(~46,279
Net movement	in funds			623,770	37,805	661,575		328,409	11,120	339,529
Reconciliation	offunds
9 d 0 t	0 9011	ad		9323148	59913	9383061 8994 739			48793	9043532
Funds balances	carried forward			@9449M1	~71 ~144 IM 9 3~23				~f	%3~61

					2022			2021
			Note	E
Fixed assets
Tangible assets					8,098,667			7,998,946
Current assets
Debtors			9	1,028,603			1,026,319
investments			10	2,518,656			2,267,100
Cash at bank and	in	hand	11	2 131826			1 287 600
				5,679,085			4,581,019
Creditors: amounts		falling due
within one year			12	3259689			2 831 266
Net current assets					2	419396		1	749	753
Total assets less	current liabilities				10,518,063			9,748,699
Creditors: Amounts		falling due
after more than one year			13		(	329,677)		(	247,738)
Provisions for liabilities					i~143750				117	900)
Net assets					~~4+6
Funds
Unrestricted funds Restricted funds			15 16		9,946,918 97718			9,323,148 59,913
Total funds					A~14~36			~38		gi1

				2022			2021 f	f
Cash provided
from operating activities	(see below)			1,486,283				967,399
Cash flows from investing	activities
interest received				2,206			1,723
Increase in cash on deposit Payments to acquire tangible	fixed assets			(251,556) (474 646)			(1,000,667) i~114623
Cash used in investing activities					(723,996)		(1,113,567)
Cash flows from financing	activities
Increase /(decrease) in Confirmations			of Entry	81 939			(102204)
Cash used in financing activities						81 939	i	102204)
Net cash inflow/(outflow)							(	248,372)
Cash and cash equivalents	brought		forward	1	287 600		1	535 672
Cash and cash equivalents	carried		forward
Cash flows from operating	activities
						2022f		2021
Net income					661,575			339,529
Interest received shown in investing Depreciation		activities			( 2,206) 348,082			( 1,723) 320,775
(Increase) in debtors Increase in creditors					( 2,284) 455,266			( 34,766) 305,084
Increase in provisions						25 850		38500
Cash provided from operating activities								9673r)9

subsequently m	easured using amortised cost on	the effective interest rate method.
NET INCOME		2022	2021
		F	E
This is stated after charging:
Depreciation		348,082	320,775
Auditors' remuneration:
Audit fees		7,980	6,840
Non-audit	fees	~14

3	SCHOOL FEES								2022	2021
										F
	The School fee income comprised
	Gross fees								6,005,387	5,231,080
	Less: Total bursaries	and	scholarships						) 557 257)	) 469 033)
									5,448,100	4,762,047
	Income from music tuition								6478	3346
4	OTHER INCOME								2022	2021
									6	6
	Other educational	and charitable
	Entrance and registration		fees						9,729	9,394
	Courses and sub lettings								800
										9%84
5	EXPENDITURE								Total	Total
				Staff		costs F	Other costs f	Dep'n E	2022 E	2021
	Charitable activities
	Teaching costs			2,439,907			230,818		2 670725	2,497,944
	Welfare				167,984		520,477		688,461	568,379
	Premises				237,399		439,825		677,224	618,086
	Support costs ofschooling:
	Salaries and pensions				367,423				367,423	357,895
	Depreciation							348,082	348,082	320,775
	Printing, postage and stationery						21,407		21,407	31,969
	Bad debts						(987)		(987)	6,636
	Professional fees						58,167		58,167	57,612
	Motor and travel						38,406		38,406	19,274
	Insurance						19,960		19,960	19,392
	Other support costs						137,242		137,242	42,669
	Governance costs					10898	7980		18878	17509
	Total support costs				378,321		282,175	348,082	1,008,578	873,731
	Grants, awards and prizes (see below) Total charitable expenditure			3~~1			31 605 +5~00	31 605 ~~K593		16 170

STAFF COSTS						2022	2021
Salaries and wages						2,497,645	2,394,527
Social security costs						270,370	251,290
Employers contribution	to defined	contribution		pension schemes		56,229	53,877
Employers contribution	to multi-employer		defined		benefit scheme	399367	367 692
						~223,511
The average number ofemployees		during	the	year		2022	2021
was made up as follows:						No.	No.
Teaching staff						36	36
General, office and domestic						39	38
						~7

the year w	as as follo
2022	2021
No.	No.

TANGIBLE FIXED ASS	ETS
		Furniture		Long
		and equip-	Motor	leasehold
	Computers	ment	vehicles	property	Total
		F	F	6
Cost
At 1st September 2021	355,263	745,521	98,201	10,155,738	11,354,723
Additions	80,086	35,178	43,775	288,764	447,803
Disposals At 31st August 2022	(~126092 309257	(~74333 706 366	(~20 630 121 346	10444 502	221 0557 11581.471
Depreciation
At 1st September 2021	319,431	446,364	86,135	2,503,847	3,355,777
Released on disposal Provided for the year	(126,092) 46570	(74,333) 82 865	(20,630) 16667	201 980	( 221,055) 348 082
At 31stAugust 2022	239909	454 896	82 172	2 705 827	3482 804
Net book value At 31st August 2022 At 31stAugust 2021	6R3~4 ~147 ~~		39 174 ~1	7~7675 7%~91

9	DEBTORS		2022	2021
			E	6
	Fees and extras receivable		873,783	967,955
	Prepayments Other debtors		148,683 6 137	38,668 19696
		1	OM2AM	1922619
10	INVESTMENTS		2022	2021
			F	F
	General school funds on deposit

11	CASH AT BANK AND	CASH AT BANK AND	IN HAND		2022		2021
					F		E
	General school	funds			2,078,976		1,265,560
	Papplewick Development		Fund		52 850 203~		22 040 ~r 800
12	CREDITORS:	Amounts	falling due within one year		2022		2021
							F
	Fees billed in advance				1,924,758		1,810,468
	Trade creditors				264,807		158,976
	Other creditors				853,645		666,488
	Taxation and social security				64,958		61,054
	Accruals				151 521		134280
13	CREDITORS:	Amounts	falling due after more than one year		2022		2021
					E		F
	Confirmations	of entry			~77
14	PROVISIONS	FOR LIAI3ILITIES AND CHARGES
					Building	8
				Legal	Grounds
				Fees	Expenses		Total
				E	F		E
	At 1st September 2021			22,500	95,400		117,900
	Provisions and	transfers	during year		44,250		44,250
	Provisions expended At 31stAugust 2022				(18400) ~1		( 18400)

UNRESTRICTED	FUNDS - 2022	Other
		General
		Funds	General	Total
			F
Income		126,571	5,542,187	5,668,758
Expenditure		(84 129)	(4~960859	(5 044 988(
Net income		42,442	581,328	623,770
Transfers		(30,000)	30,000
Balance brought Balance carried	forward forward	171,239 ~1'(	9 151 909 ~7'(237	9323 148 9944 918
UNRESTRICTED	FUNDS - 2021	Other
		General
		Funds	Genera I	Total
		F	E
Income		15,539	4,824,731	4,840,270
Expenditure		(13718)	(4~544 422	(4 558 140(
Net income		1,821	280,309	282,130
Transfers			46,279	46,279
Balance brought	forward	169418	8 825 321	8 994739
Balance carried	forward	~17	9~113Q9	9923~14

		Papplewick	Daphne	Prize
		Development	Watson	and Tour
		Fund	Fund	Funds	Total
		F	E	F
Income		30,994	10,000	28,416	69,410
Expenditure Net income		(~183 30,811	(1944) 8,056	(29478) ( 1,062)	( 31 605) 37,805
Transfers
Balance brought Balance carried	forward forward	22 040 52 851	5500	32373 ~111	59913 ~771

		Papplewick	Daphne	Prize
		Development	Watson	and Tour
		Fund	Fund	Funds	Total
		F		F	E
Income Expenditure		48,889 ~170		24,680 ~16000	73,569 (16170)
Net income		48,719		8,680	57,399
Transfers Balance brought Balance carried	forward forward	(46,279) 19600	5 500	23693	(46,279) 48 793 ~3