2023-08-31-accounts

The	Governors	ofthe School are also the	charity's trustees. The	Governors	who served	who served	during the year were:
		Council of Management	A A M Try LL (Chair) (appointed			31 August 2023)
			Brigadier A R E	Hutchinson	(Chairman)		(retired 31 August 2023)
			J P C Frost
			Mrs E M Hewer	(retired 22	December 2022)
			T G F Lord
			A R McGregor
			Revd Dr BG McNair Scott
			Mrs S L Rollings	(appointed	17 May 2023)
			S D Walker
		Secretary	SG Burrows

Professional adv	Professional adv	isers and key personnel
The Headmaster		Mr TW Bunbury BA University	College Durham,	PGCE
The Bursar		Mr S G Burrows FCA
Principal	and	Papplewick School	Solicitors	VWV
registered	office	IA/indsor Road		Narrow Quay House
address		Ascot		NarrowQuay
		Berkshire SL5 7LH		Bristol BS14QA
Auditor		Jacob Cavenagh &Skeet	Bankers	Lloyds Bank pic
		5 Robin Hood Lane		1-2 Market Place
		Sutton		Reading
		Surrey SM1 2SW		Berks RG1 2EQ

			Unrestricted	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds	Funds	2023	Funds	Funds	2022
		Note		F			6
INCOME FROM
Charitable activities:
School fees		3		5,932,411		5,932,411	5,454,578		5,454,578
Other educational income		4		11,079		11,079	10,529		10,529
Other trading activities							3,174		3,174
Investments
Interest from UK bank accounts				85,873		85,873	2,206		2,206
Donations				73,191	26,170	99,361	126,571	69,410	195,981
Other income
Sundry income				96 492		96 492	71 700		71 700
Total income				6199046	26170	6225216	5668758	69410	5738168
EXPENDITURE	ON:
Charitable activities:
School and grant making				5629174	27971	5857145	5044988	31605	5076593
Total expenditure		5		5629174	27971	5657145	5044988	31605	5076593
Net income for	the year	15,	16 569,872		(1,801)	568,071	623,770	37,805	661,575
Transfers
Net movement	in funds			569,872	(1,801)	568,071	623,770	37,805	661,575
Reconciliation	offunds
9 d 0 1	0 98th	d		9946 918	97718 10044 636		9323 148	59913	9383061
Funds balances	carried forward		10516~		~1((642/97		9~~	~81~0&~

					2023	2023		2022
			Note	6
Fixed assets
Tangible assets						8,370,723		8,098,667
Current assets
Debtors			9	1,219,503			1,028,603
Investments			10	3,703,235			2,518,656
Cash at bank and	in	hand	11	993.209			2.131826
				5,915,947			5,679,085
Creditors: amounts		falling due
within one year			12	3 250 569			3259.689
Net current assets						2.665378		2	419.396
Total assets less	current liabilities					11,036,101		10,518,063
Creditors: Amounts		fallina due
after more than one year					(	275,394)		(	329,677)
Provisions for liabilities						148000)			143750)
Net assets						~2~		~)~36
Funds
Unrestricted funds			15			10,516,790		9,946,918
Restricted funds			16			95.917			97718
Total funds

				2023		2022
Cash provided
from operating activities	(see below)				667,770	1,486,283
Cash flows from investing	activities
Interest received				85,873		2,206
Increase in cash on deposit Payments to acquire tangible	fixed assets			(1,184,579) ~653398		(251,556) ~474 646
Cash used in investing activities				(1,752,104)			(723,996)
Cash flows from financing	activities
(Decrease)/increase in Confirmations			of Entry	~54 283		81 939
Cash (used in)/provided for financing activities				~54 283				81 939
Net cash (outflow)/inflow				(1,138,608)			844,226
Cash and cash equivalents	brought		forward	2	131826	1	287 600
Cash and cash equivalents	carried		forward
Cash flows from operating	activities
					2023			2022f
Net income					568,071		661,575
Interest received shown in investing		activities		(	85,873)		(	2,206)
Depreciation					381,341		348,082
(Increase) in debtors				(	190,900)		(	2,284)
(Decrease)/Increase in creditors				(	9,119)		455,266
Increase in provisions					4 250			25 850
Cash provided from operating activities				~66 0

instruments. Basic financial instruments are subsequently measured using amortised cost on	initially recognised at transacti the effective interest rate method.	on value
NET INCOME	2023f	2022
This is stated after charging:
Depreciation	381,341	348,082
Auditors' remuneration:
Audit fees Non-audit fees	7,500 ~6	7,980 ~0

3	SCHOOL FEES								2023f	2022f
	The School fee income comprised
	Gross fees								6,571,685	6,005,387
	Less: Total bursaries	and	scholarships						~643 110	~557 287
									5,928,575	5,448,100
	Income from music tuition								3836	6478
									~53 11
4	OTHER INCOME								2023	2022
	Other educational	and charitable
	Entrance and registration		fees						10,179	9,729
	Courses and sub lettings								900	800
5	EXPENDITURE								Total	Total
				Staff		costs f	Other costs	Dep'n F	2023	2022 F
	Charitable activities
	Teaching costs			2,592,889			284,449		2,877,338	2,670,725
	Welfare				154,919		614,791		769,710	688,461
	Premises				269,912		639,364		909,276	677,224
	Support costs of schooling:
	Salaries and pensions				385,660				385,660	367,423
	Depreciation							381,341	381,341	348,082
	Printing, postage and stationery						23,323		23,323	21,407
	Bad debts						2,779		2,779	(987)
	Professional fees						60,867		60,867	58,167
	Motor and travel						37,153		37,153	38,406
	Insurance						22,933		22,933	19,960
	Other support costs						139,415		139,415	137,242
	Governance costs					11879	7500		19379	18878
	Total support costs				397,539		293,970	381,341	1,072,850	1,008,578
	Grants, awards and	prizes
	(see below) Total charitable expenditure			34L(5~			27 971		27 971	31 605

6	STAFF COSTS						2023	2022
							F	F
	Salaries and wages						2,660,206	2,497,645
	Social security costs						277,288	270,370
	Employers contribution	to defined	contribution		pension schemes		58,730	56,229
	Employers contribution	to multi-employer		defined		benefit scheme	419035	399367
	The average number	ofemployees	during	the	year		2023	2022
	was made up as follows:						No.	No.
	Teaching staff						36	36
	General, office and domestic						39	39
							75	75

the year w	as as follo
2023	2022
No.	No.

F60,000 - F70,000
F70,000 - F80,000
F90,000 - F100,000
F100,000 - F110,000
F120,000 - F130,000
L'130,000 - F140,000

TANGIBLE FIXE	DASS	ETS
			Furniture		Long	Work
			and equip-	Motor	leasehold	in
		Computers	ment	vehicles	property	Progress	Total
		E	F	F	F	F	6
Cost
At 1st September	2022	309,256	706,367	121,346	10,444,501		11,581,470
Additions		31,520	328,172		60,238	233,468	653,398
Disposals
At 31stAugust 2023		340 776	1 034 539	121 346	10504739	233468	12234 868
Depreciation
At 1st September	2022	239,907	454,897	82,171	2,705,827		3,482,802
Released on disposal
Provided for the	year	53190	126714	10843	190596		381 343
At 31stAugust 2023		293 097	581 611	93014	2 896 423		3864 145
Net book value
At 31stAugust 2023
At 31stAugust 2022

9	DEBTORS	2023	2022
	Fees and extras receivable	1,114,332	878,783
	Prepayments	80,872	148,683
	Other debtors	24 299	6 137
			~86323
10	INVESTMENTS	2023	2022
		F
	General school funds on deposit	~33~35	2~~

11	CASH AT BANK AND	IN HAND	IN HAND	IN HAND		2023	2022
							F
	General school funds					940,539	2,078,976
	Papplewick Development		Fund			52 670	52 555
12	CREDITORS: Amounts		falling	due within one year		2023 f	2022 F
	Fees billed in advance					2,043,733	1,924,758
	Trade creditors					295,845	264,807
	Other creditors					620,789	853,645
	Taxation and social security					66,233	64,958
	Accruals					223 959	151 521
						3~5559	3,2533959
13	CREDITORS: Amounts		falling	due after more than one year		2023	2022
						F
	Confirmations of entry
14	PROVISIONS FOR LIABILITIES AND CHARGES
						Building 8
					Legal	Grounds
					Fees	Expenses f	Total
	At 1st September 2022				22,500	121,250	143,750
	Provisions and transfers Provisions expended		during	year		5,000 ~750	5,000 ~750
	At 31stAugust 2023

UNRESTRICTED	FUNDS - 2023	Other
		General
		Funds	General	Total
			f	F
Income		73,191	6,125,855	6,199,046
Expenditure		~73 209	i5~555 965	i5~629.174
Net income		(18)	599,890	569,872
Transfers		(37,500)	37,500
Balance brought	forward	183681	9763.237	9946 918
Balance carried	forward
UNRESTRICTED	FUNDS - 2022	Other
		General
		Funds	General	Total
		f	f
Income		126,571	5,542,187	5,668,758
Expenditure		~84 129	~4960 859	~5044 988
Net income		42,442	581,328	623,770
Transfers Balance brought Balance carried	forward forward	(30,000) 171239	30,000 9151909 8~37	9323148 RJt6732l8

		Papplewick	Daphne	Prize
		Development	Watson	and Tour
		Fund	Fund F	Funds f	Totalf
Income			50	26,120	26,170
Expenditure		180	~2575	~25 216	~27 971
Net income		( 180)	(2,525)	904	(1,801)
Transfers
Balance brought	forward	52 851	13556	31 311	97718
Balance carried	forward
RESTRICTED FUNDS - 2022
		Papplewick	Daphne	Prize
		Development	Watson	and Tour
		Fund f	Fund f	Funds F	Total
Income Expenditure		30,994 ~183	10,000 ~1944	28,416 ~29 478	69,410 ~31 605
Net income		30,811	8,056	( 1,062)	37,805
Transfers
Balance brought	forward	22 040	5500	32373	59913
Balance carried	forward	52 851

ANALYSIS	OF NET	ASSETS BETWEEN	FUNDS -20	23
				Cash	Other
		Tangible fixed		and	assets and
		assets	Investments	Bank	liabilities	Total
			F
Unrestricted	funds	8,370,723	3,703,235	897,292	(2,454,460)	10,516,790
Restricted	funds			95917		95917
		83ZG~
ANALYSIS	OF NET	ASSETS BETWEEN	FUNDS - 2022
				Cash	Other
		Tangible fixed		and	assets and
		assets f	Investments	Bank	liabilities f	Total f
Unrestricted Restricted	funds funds	8,098,667 8~~	2,518,656 ~6	2,034,108 97718 ~3826	(2,704,513) M96~~	9,946,918 97718 575956666