2023-08-31-accounts

ReferenceandadministrativedetailsoftheCompany,itsGovernorsandadvisors.
Governors’Report
IndependentAuditors’Reportonthefinancialstatements	12-15
ConsolidatedStatementofFinancialActivities	16
ConsolidatedBalanceSheet	17-18
CompanyBalanceSheet	19 —20
ConsolidatedStatementofCashFlow	21
NotestotheFinancialStatements	22 -40

	Notes	Restricted	Unrestricted	Total			Total
		Funds	Funds	2023			2022
				£			£
INCOMEFROM:
IncomefromCharitableActivities
Schoolfeesreceivable	4	-	8,810,653	8,810,653		*	7,647,893
Ancillarytradingincome	5	-	546,975	546,975			319,855
Donationsandgrants		62,000“	25,749	87,749		~	22,380	«
OtherTradingActivities:
Tradingincome	6	-	439,558	439,558		.	246,389
Otherincome	7	-	50,000	50,000		-	1,060
ProfitondisposalofAssets	7	-	978,142	978,142			-
TOTALINCOME		— 62,000	_10,851,077	10,913,077		»	_8,237,577
EXPENDITUREON:
Raisingfunds	8	-	236,936	236,936			145,068
Charitableactivities:
Charitableactivities	8	6,223	9,280,024	9,286,247		>	7,833,982
Financecosts	8	-	54,908	54,908			154,998
TOTALEXPENDITURE	8	—6,223	_9,571,868	§_9,578,091			—8.134,048
NETINCOME/(EXPENDITURE)	9	55,777	1,279,209	1,334,986	"		103,529
OTHERRECOGNISEDGAINS/(LOSSES):
Actuarialgains/(losses)ondefinedbenefit
pensionschemes	23	-	-		-		60,000
NETMOVEMENTINFUNDS:		55,777	1,279,209	1,334,986			163,529
RECONCILIATIONOFFUNDS:
Totalfundsbroughtforward		-	9,528443	9,528,443			9,364,914
TOTALFUNDSCARRIEDFORWARD		——55,777	==_10,807,652	10,863,429			—9,528,443

			2023	2023		2022
	Notes	£		£	£		£
FIXEDASSETS
Tangiblefixedassets	13			12,413,374			12,488,202
CURRENTASSETS
Stock		44,128			24,301
Debtors	15	549,989	-		581,741
Cashatbankandinhand		963,089	«-		981,982
		1,557,206			1,588,024
CREDITORS:Amountsfalling
duewithinoneyear	16	(2,788,891).			(4,191,846)
NETCURRENTLIABILITIES				(1,231,685)			(2,603,822)
TOTALASSETSLESS
CURRENTLIABILITIES			*	11,181,689			9,884,380
CREDITORS:Amountsfalling
dueaftermorethanoneyear				(318,260)			(355,937)
NETASSETSEXCLUDING
PENSIONLIABILITY				10,863,429			9,528,443
Definedbenefitpensionscheme
liability	23
TOTALNETASSETS				_10,863,429			9,528,443
CHARITYFUNDS
Restrictedfunds	20			55,777			-
Unrestrictedfunds
Unrestrictedfundsexclpension	20	10,807,652			9,528,443
Pensionreserve	20
Totalunrestricted funds	20			10,807,652			9,528,443
TOTALFUNDS				10,863,429			9,528,443

			2023		2022
	Notes	£	£	£	£
FIXEDASSETS
Tangiblefixedassets	13		12,410,694		12,484,479
Investments	14		10,001		10,001
			12,420,695		12,494,480
CURRENTASSETS
Stock		42,101		23,003
Debtors	15	494,962		598,610
Cashatbankandinhand		708,519		819,119
		1,245,582		1,440,732
CREDITORS:Amountsfallingdue
withinone year	16	(2,699,132)		(4,165,429)
NETCURRENTLIABILITIES			(1,453,550)		(2,724,697)
TOTALASSETSLESSCURRENT
LIABILITIES			10,967,145		9,769,783
CREDITORS:Amountsfalling
dueaftermorethanoneyear	17		(318,260)		(355,937)
NETASSETSEXCLUDING
PENSIONLIABILITY			10,648,885		9,413,846
Definedbenefitpensionscheme
liability	23		-		-
TOTALNETASSETS			10,648,885		9,413,846
CHARITYFUNDS
Restrictedfunds			55,777		-
Unrestrictedfunds
Unrestrictedfundsexclpensionasset		10,593,108		9,413,846
Pensionreserve		=		____=
Totalunrestrictedfunds			10,593,108		_9,413,846
TOTALFUNDS			10,648,885		9,413,846

	Note	2023 £	2022 £
Cashflowsfromoperatingactivities
Netcashprovidedby/(usedin)operatingactivities	21	854,272	535,877
Cashflowsfrominvestingactivities Proceedsfromthesaleoftangiblefixedassets Purchaseoftangiblefixedassets		990,369 (406,806)	1,060 (362,177)
Netcash(usedin)/providedbyinvestingactivities		583,563	(361,117)
Cashflowsfromfinancingactivities Cashinflowsfromnewborrowing Repaymentsofborrowing		55,165 (1,210,282)	- (332,758)
Netcash(usedin)financingactivities		(1,155,117)	(332,758)
Cashflowsfromadvancedfeescheme Advancefeesreceived Advancefeesutilised		375,018 _(676,629)	455,591 (569,619)
Cash(usedin)/providedbyadvancefees		(301,611)	(114,028)
Changeincashandcashequivalentsintheyear		(18,893)	(272,026)
Cashandcashequivalentsatthebeginningoftheyear		981,982	1,254,008
Cashandcash equivalentsattheendoftheyear		963,089	981,982

	Total	Total
	Funds	funds
	2023	2022
	£	£
Grossfees	11,412,556	10,504,954
Lessscholarshipandbursaries	(2,742,057)	(2,915,801)
	8,670,499	7,589,153
Registrationfeesandforfeiteddeposits	140,154	58,740
	8,810,653	_7,647,893

	Total	Total
	Funds	funds
	2023	2022
	£	£
Externalcourseandsportstuition	225,774	181,957
Trips	227,856	96,932
Exams	738	3,519
Digitaldeviceincome	23,529	-
Miscellaneousincome	67,918	33,652
Schoolfeesprotectioninsurance	1,160	3,795
	546,975	319,855

	2023	2022
	£	£
Turnover	439,558	246,389
Costofsales	(115,049)	(62,219)
Grossprofit	324,509	184,170
Admincosts	(121,887)	(82,849)
Operatingprofit	202,622	101,321
GiftAidPaid	(102,675)	(51,015)
Profittransferredtoreserves	—__99,947	50,306
Netassets	—__224,543	124,596

ther	incomingresources
		Unrestricted	Total	Total
		funds	Funds	funds
		2023	2023	2022
		£	£	£
Other	Income	50,000	50,000	-
Profit	ondisposaloffixedassets	978,142	978,142	1,060
		1,028,142	_1,028,142	1,060

	Staff				Other	Depreciation	Total	Total
	Costs				costs	costs	Funds	funds
	2023				2023	2023	2023	2022
	£				£	£	£	£
Costofraisingfunds
Teachingcosts	3,468,245				926,212	40,249	4,434,706	3,815,816
Welfare	929,327				521,954	1,403	1,452,684	1,239,190
Premises	456,051				1,128,985	426,711	2,011,747	1,708,097
Governance	-				46,250	.	46,250	32,355
DigitalDevice	-				25,549	=	25,549	-
Support& othercosts	735,240				580,071	-	1,315,311	1,038,524
Finance		-			54,908	-	54,908	154,998
Charitableactivities	5,588,863		-		3,283,929	468,363	9,341,155	7,988,980
Trading	7,087				228,806	1,043	236,936	145,068
Total2023	-5,595,950			©	_3,512,735	_469.406	_9,578,091	_8,134,.048
Total2022	4,971,581				2,728,560	433,907	8,134,048

etincome/expenditureisstatedaftercharging:
	2023	2022
	£	£
Depreciation	469,406	433,907
FeespayabletotheCompany'sauditorinrespectof:
Audit fees	18,720	18,000
Otherservices	3,275	1,250

	Group	Group	Company	Company
	2023	2022	2023	2022
	£	£	£	£
Wagesandsalaries	4,689,440	4,130,773	4,682,353	4,123,921
Socialsecuritycosts	422,499	396,848	422,499	396,848
Pensioncontributions	484,011	443,960	484,011	443,960
	5,595,950	_4,971,581	_5,588,863	_4,964,729

	Group	Group
	2023	2022
	No	No
EducationalStaff	75	68
DomesticsandMatron	25	27
Administrative	35	35
MaintenanceandGrounds	13	13
	148	143

					Group		Group
					2023		2022
					No		No
In	the	band£60,001	-	£70,000		6		2
In	the	band£120,000		-£130,000		1		1

Group		Landand			Building	Plantand
		buildings			improvements	equipment	Total
		£			£	£	£
Costorvaluation
At1 September2022		19,172,626			5,598,168	4,025,259-	28,796,053	~
Additions		-			217,484	189,322	406,806
Disposals		(64,803)			=	(62,619)	(127,422)
At31August2023	.	19,107,823			5,815,652	(4,151,962	29,075,437		.
Depreciation
At1 September2022		7,222,829		|	5,206,492	3,878,530	16,307,851
Chargefortheyear		393,332			13,051	63,023	469,406
Ondisposals		(64,803)			:	(50,391)	(115,194)
At31August2023		7,551,358			5,219,543	3,891,162	16,662,063
Netbookvalue
At31August2023		11,556,465			_596,109	_260,800	12,413,374
At 31August2022		11,949,797			391,676	146,729	12,488,202
Company		Landand			Building	Plantand
		buildings			improvements	equipment	Total
		£			£	£	£
Costorvaluation
At1 September2022		19,172,626			5,598,168	3,949,222	28,720,016
Additions			-		217,484	189,322	406,806
Disposals		(64,803)			:	(62,619)	(127,422)
At31August2023		19,107,823			5,815,652	4,075,925	28,999,400
Depreciation
At1 September2022		7,222,829			5,206,492	3,806,216	16,235,537
Chargefortheyear		393,332			13,051	61,980	468,363
Ondisposals		(64,803)			=	(50,391)	(115,194)
At31August2023		7,551,358			5,219,543	3,817,805	16,588,706
Netbookvalue
At31August2023		11,556,465			_596,109	_258,120	12,410,694
At 31August2022		11,949,797			391,676	143,006	12,484,479

	Investment in subsidiary companies £
Company
CostofInvestment
At1 September2022	10,001
At31August2023	10,001
Netbookvalue
At 31August2023	10,001
At31August2022	10,001

		Company	Class		Includedin
		number	ofshares	Holding	consolidation
Names
Oratory	TradingLimited	02441508	Ordinary	100%	Yes
Academy	CateringLimited	02743407	Ordinary	100%	Yes

		Income		Expenditure	Operating
					Profitfor
					theyear
		£		£.	£
Names
Oratory	TradingLimited	439,558		236,936	202,622	224,543
Academy	CateringLimited		-	-		10,000

		Group		Group		Company		Company
		2023		2022		2023		2022
		£		£		£		£
Tradedebtors	-	368,404		393,002		164,932	-	268,813
Amountsowed	bygroupundertakings		-		-	149,335	©	141,666
Otherdebtors		81,096		74,566		81,096	..	74,566
Prepayments	andaccruedincome	100,489		114,173		99,599	«	113,565
		—_549,989		581,741		494,962		598,610

	Group	Group	Company	Company
	2023	2022	2023	2022
	£	£	£	£
Bankandotherloans	30,617	1,193,388	30,617	1,193,388
Deposits	703,293	907,752	703,293	907,752
Schoolfeesreceivedinadvance	986,279	939,649	986,279	939,649
Advancefeescheme(seenote19)	316,075	572,355	316,075	572,355
Tradecreditors	368,163	124,011	299,349	121,723
Othertaxationandsocialsecurity	120,865	101,224	107,749	97,163
Othercreditors	78,732	81,807	78,732	81,808
Accrualsanddeferredincome	184,867	271,660	177,038	251,591
w
	2,788,891	_4,191,846	_2,699,132	_4,165,429

	Group	Group	Company	Company
	2023	2022	2023	2022
	£	£	£	£
Advancefeescheme(see note19)	110,606	155,937	110,606	155,937
Otherloans	207,654	200,000	207,654	200,000
	__ 318,260	_355,937	__318,260	355,937
oanMaturity
			2023	2022
			£	£
Lessthanoneyear:			30,617	1,193,388
Morethanoneyearbutlessthantwoyears:			7,654	200,000
Morethantwoyearsbut lessthanfiveyears:			100,000		-
After5 years:			100,000		-
Balanceat31August2023			238,271	1,393,388

nalysisofadvancefeescheme
	2023	2022
Due:	£	£
Betweentwotofiveyears	110,606	155,937
Duewithinoneyear	316,075	572,355
Balanceat31August2023	426,681	728,292
Thebalancerepresentstheaccruedliabilityunderthecontracts.
Themovementsduringtheyearwere:
	2023	2022
	£	£
Balanceat1 September2022	728,292	842,320
Newcontracts	375,018	455,591
Amountsutilisedinthepaymentoffees	(676,629)	(569,619)
Balanceat31August2023	426,681	728,292

	Balanceat1	Income		Expenditure	Gains/			Transfers	Balance	at
	September				(losses)				31August
	2022								2023
	£	£		£	£			£	£
Unrestricted Funds	9,528,443	10,851,077		(9,571,868)		-		-	10,807,652
Pensionreserve	-		-	>		-		-		-
Total Unrestricted Funds	_9,528.443	10,851,077		_(9,571,868)		-		-	10,807,652_
RestrictedFunds
HaroldHood	-	7,000		(1,223)			-	-	5,777
Othergrants Allweatherpitch	- -	5,000 50,000		(5,000) -			- -	- -	- 50,000
Total Restricted	-	62,000		(6,223)			-	-	55,777
Funds
Totaloffunds	9.528.443	10,913,077		_(9,578,091)			:	=	10,863,429

	Balanceat1	Income	Expenditure	Gains/ Transfers Balanceat	Gains/ Transfers Balanceat	Gains/ Transfers Balanceat	Gains/ Transfers Balanceat
	September			(losses)		31	August
	2021						2022
	£	£	£	£		£	£
Unrestrictedfunds
GeneralFunds—
allfunds Pensionreserve	9,412,964 (82,000)	8,237,577 -	(8,134,048) -	- 60,000		11,950 9,528,443 22,000 -
	9,330,964	8,237,577	(8,134,048)	60,000		33,950 _9,528,443
Restrictedfunds
Resurfacingof
tenniscourts appeal	25,000	-	-		-	(25,000)	-
Shrineappeal	8,950	-	-		-	(8,950)	-
	33,950	:	:		“	(33,950)	s
Totaloffunds	9,364,914	8,237,577	(8,134,048)	60,000		- _9,528,443
econciliationofnetmovementin		fundstonet	cashflowfrom	operatingactivities
					Group	Group
					2023	2022
					£	£
Netincome/expenditurefortheyear					1,334,986	103,529
Adjustmentsfor:
Depreciationcharges					469,406	433,907
Profitonsaleoffixedassets					(978,142)	(1,060)
(Increase)/decreasein	stocks				(19,827)	10,075
Decrease/(increase)in	debtors				31,752	(261,810)
Increaseincreditors					16,097	273,236
PensionFRS102adjustment					-	(22,000)
Netcashprovidedbyoperatingactivities				—	854,272	935,877

nalysisofchangesinnetdebt
	At1		At31
	September	Cash	August
	2022	flows	2023
	£	£	£
Cashatbankandinhand Loans Advancefees	981,982 (1,393,388) (728,292)	(18,893) 1,155,117 301,611	963,089 (238,271) (426,681)
Closingnetdebt	(1,139,698)	1,437,835	298,137

		At31	At31
		August	August
		2023	2022
		%	%
Discountrate Inflation(RPI) Inflation(CPI)		5.35 3.35 2.65	4.30 3.50 2.70
		At31	At31
		August	August
		2023	2022
		Years	Years
Mortalityrates(inyears)
-formaleaged65now -at65formale aged45now -fora femaleaged65now -at65fora femaleaged45now	—	21.4 22.7 23.3 24.8	20.8 22.1 22.6 24.1

23.	Pensioncommitments(continued)
	TheGroup’sshareoftheassetsintheschemewas:
		At31	At31
		August	August
		2023	2022
		£	£
	With-profitspolicies
		213,000	213,000
	Theactualreturnonschemeassetswas(£24,000)(2022:- £29,000).
	TheamountsrecognisedintheConsolidatedstatementoffinancialactivitiesareasfollows:
		2023	2022
		£	£
	Netinterestcharge	-	(1,000)
	TotalamountrecognisedintheConsolidatedstatementof
	financialactivities	-	(1,000)
	Definedbenefitasset	2023	2022
		£	£
	Fairvalueofplanassets Presentvalueoffundedobligations	213,000 (138,000)	213,000 (154,000)
		75,000	59,000
	Impactofassetceiling	(75,000)	(59,000)
	Netdefinedbenefitasset/(liability)	:	=
	Movementsinthepresentvalueofthedefinedbenefitobligationwereasfollows:
		2023	2022
		£	£
	Openingdefinedbenefitobligation Interestcost Actuarialgains	154,000 7,000 (23,000)	243,000 4,000 (93,000)
	Closingdefinedbenefitobligation	__138,000	154,000
	MovementsinthefairvalueoftheGroup'sshareofschemeassetswereasfollows:
		2023	2022
		£	£
	Openingfairvalueofschemeassets Expectedreturnonassets Actuarial(losses)/gains Employercontributions	213,000 10,000 (34,000) 24,000	161,000 3,000 26,000 23,000
	Closingfairvalueofschemeassets	—_213,000	213,000

					Group	Group	Company	Company
					2023	2022	2023	2022
					£	£	£	£
Notlaterthan Laterthan 1 years		1year yearand	notlaterthan	5	53,022 42,986	113,015 49,225	46,760 39,063	89,040 39,040
					96,008	_162.240	_85,823	128,080