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2023-08-31-accounts

REFERENCE REFERENCE AND ADMINISTRATIV AND ADMINISTRATIV E
DETAILS
Key Management Personnel
Head: Matthew
Judd
Deputy Heads: Eddie Falshaw
Nicky Hardy
Alexander
Wallace
Senior Assistant Head: Natasha Coccia
Bursar and Clerk to the Board ofGovernors: Keith Eldridge
Director of Marketing and Admissions: John Burnett
Advisers
Bankers: Barclays Bank PLC
Apex Plaza
Forbury Road
Reading
RG1 1XE
Lloyds Bank PLC
24 Broad Street
Reading
RG1 2BT
Solicitors: Veale Wasbrough Vizards LLP
Narrow Quay House
Narrow
Quay
Bristol
BS14QA
Auditor: RSM UK Audit LLP
Davidson
House
Forbury Square
Reading
Berkshire
RG1 3EU
Investment Advisers. " Greenbank
10Queen Square
Bristol
BS14NT
Insurance Brokers: Tysers
Suite G16
The Gatehouse
Gatehouse
Way
Aylesbury
Buckinghamshire
HP19 8DB

FOR THE YEAR EN DED 31 AUGUST 20 23
Unrestricted Restricted Endowment Total Total
funds funds funds 2023 2022
Notes F F E E
INCOME AND
ENDOWMENTS
FROM:
Charitable
activities:
School fees receivable
Ancillary
trading
income		 2a
2b		 14,761,013
268,236		 14,761,013
268,236		 13,274,159
241,478
Other educational
charitable
activities		 2c 62,429 62,429 55,419
Other trading
activities:
Commercial
trading
operations
Other income		 376,047
71,060		 376,047
71,060		 172,374
42,697
Profit on sale offixed
assets		 455,714 455,714
Government
grants		 12,263
Donations
and legacies		 968,633 69,589 1,038,222 3,132,568
Investments 60,535 761 61,296 51,375
Total income 17,023,667 70,350 17,094,017 16,982,333
EXPENDITURE ON:
Raising funds:
Commercial
trading
operations
School financing costs		 5
7		 194,272
161,228		 194,272
161,228		 105,747
120,092
Charitable
activities:
School operating
costs		 5 15,100,041 39,250 15,139,291 13,877,760
Total expenditure 15,455,541 39,250 15,494,791 14,103,599
NET INCOME BEFORE
GAINS/(LOSSES)		 1,568,126 31,100 1,599,226 2,878,734
TRANSFERS 3,000,000 (3,000,000)
Net gains/(losses)
on
investments		 139,408 (4,920) 134,488 (431,912)
NET MOVEMENT
IN
FUNDS		 8 4,707,534 (2,968,900) (4,920) 1,733,714 2,446,822
RECONCILIATION
OF FUNDS
Funds brought
forward		 23 13,996,398 4,018,626 278,188 18,293,212 15,846,390
Funds carried forward 23 18,703,932 1,049,726 273,268 20 026,926 18,293,212

EIGHTON PARK TRU
ALANCE SHEETS
S AT 31 AUGUST 2023		 ST
Notes Group
2023
E		 2022
f		 2023
E
Trust
2022
F
FIXED ASSETS
Tangible assets
Investment
assets		 10
11		 17,436,420
4,385,532
21,821,952		 16,426,076
3,272,076
19,698,152		 17,436,420
4,395,532
21,831,952		 16,425,576
3,282,076
19,707,652
CURRENT ASSETS
Debtors
Short term investments
Cash at bank and in hand		 13
14		 934,921
150,885
4,955,932
6,041,738		 3,469,680
152,938
3,741,656
7,364,274		 1,013,169
150,885
4,854,814
6,018,868		 3,470,096
152,938
3,690,138
7,313,172
CREDITORS: Amounts
falling
due within one year		 15 (6,399,255) (6,034,960) (6,387,421) (5,994,394)
NET CURRENT
(LIABILITIES)/ASSETS		 (357,517) 1,329,314 (368,553) 1,318,778
TOTAL ASSETS LESS
CURRENT LIABILITIES		 21,464,435 21,027,466 21,463,399 21,026,430
CREDITORS: Amounts
falling
due after one year		 16 (1,424,873) (2,712,948) (1,424,873) (2,712,948)
NET ASSETS EXCLUDING
PENSION LIABILITY
Pension scheme
liability
TOTAL NET ASSETS		 18 20,039,562
(12,636)
20,026,926		 18,314,518
(21,306)
18,293,212		 20,038,526
(12,636)
20,025,890		 18,313,482
(21,306)
18,292,176
THE FUNDS OF THE
CHARITY:
Unrestricted
funds
Endowed
funds
Restricted funds
TOTAL FUNDS		 19
20
21		 18,703,932
273,268
1,049,726
20,026,926		 13,996,398
278,188
4,018,626
18,293,212		 18,702,896
273,268
1,049,726
20,025,890		 13,995,362
278,188
4,018,626
18,292,176

EIGHTON PARK TRUST
ONSOLIDATED
STATEMENT OF CASH FL
OR THE YEAR ENDED 31 AUGUST 2023		 OWS
2023 2022
Notes E E
CASH FLOWS FROM OPERATING ACTIVITIES:
NET CASH GENERATED FROM OPERATING
ACTIVITIES		 24 5,879,083 1,124,532
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase oftangible
fixed assets
Purchase
ofinvestments
Receipts from sale ofinvestments
Interest received
Investment
income
Proceeds on disposal oftangible
fixed assets		 (1,933,515)
(4,461,159)
3,354,991
40,407
20,889
460,670		 (992,245)
(736,468)
875,338
1,875
49,500
NET CASH USED IN INVESTING ACTIVITIES (2,517,717) (802,000)
CASH FLOWS FROM FINANCING
ACTIVITIES:
Interest paid
Repayment
of borrowings
Proceeds from borrowings		 (86,556)
(1,950,000)
127,743		 (62,501)
(300,000)
Advanced fee scheme
- Receipts from new contracts
-Amounts
utilised
and repaid		 2,176,247
(2,543,777)		 2,543,777
(2,262,515)
NET CASH USED IN FINANCING
ACTIVITIES		 (2,276,343) (81,239)
INCREASE IN CASH IN THE YEAR 1,085,023 241,293
CASH AND CASH EQUIVALENTS AT 1 SEPTEMBER 4,162,236 3,920,943
CASH AND CASH EQUIVALENTS AT 31AUGUST 5 247 259 4,162,236

2023 2022
E
Gross fees 15,889,155 14,338,837
Less: Bursaries, scholarships and other discounts (1,128,142) (1,064,678)
14,761,013 13,274,159
Ancillary trading
income
2023 2022
School transport 268,236 241,478
Other educa tional
charitable
activities
2023 2022
E F
Registration
Staff rental		 fees
income		 58,250
4,179		 53,500
1,919
62,429 55,419

EXPENDITURE
2023 Staff Costs
E		 Depreciation Other
E		 Total
E
Raising funds
Commercial
trading
operations:
Leighton
Park		 40,035 500 153,737 194,272
Enterprises
School financing costs:		 139,050 139,050
Financing costs
Investment
management		 22,178 22,178
fees 40,035 500 314,965 355,500
Charitable
activities
School operating
Teaching costs
Welfare costs
Premises costs
Support costs		 costs: 5,480,777
197,976
1,032,932
1,172,778
7,884,463		 216,140
227,223
371,660
102,691
917,714		 512,282
1,303,142
2,409,520
2,112,170
6,337,114		 6,209,199
1,728,341
3,814,112
3,387,639
15,139,291
Total expenditure 7,924,498 918,214 6,652,079 15,494,791

EXPENDITURE (continued)
2022 Staff Costs Depreciation Other Total
E f,
Raising funds
Commercial
trading
operations:
Leighton
Park		 29,683 600 75,464 105,747
Enterprises
School financing costs:
Financing costs		 102,986 102,986
Investment
management
fees		 17,106 17,106
29,683 600 195,556 225,839
Charitable
activities
School operating costs:
Teaching costs
Welfare costs
Premises costs
Support costs		 5,265,074
284,482
1,049,639
1,087,443		 223,110
256,551
364,965
150,470		 492,003
1,172,797
1,822,588
1,708,638		 5,980,187
1,713,830
3,237,192
2,946,551
7,686,638 995,096 5,196,026 13,877,760
Total expenditure 7,716,321 995,696 5,391,582 14,103,599

SCHOOL FINANCING
C		 OSTS
2023 2022
E E
Bank charges and interest
Pensions
interest cost		 86,556
602		 74,764
(332)
Bad debt
Investment		 provision
management		 fees 51,892
22,178		 28,554
17,106
161,228 120,092
Net income/(expenditure) is sta ted after charging:
2023 2022
E E
Auditor's
remuneration
-Statutory
audit ofthe financial
- Other non-audit
services		 statements 19,300
6,025		 19,268
4,350
-Taxation compliance services 950 725
Depreciation
Operating
lease rentals		 918,215
174,925		 995,697
171,192

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INVESTMENTS
Group
Endowment
Fund General
Fund		 Total
F F.
At 1 September 2022 including cash 125,458 3,146,618 3,272,076
Less opening cash (5,957) (261,685) (267,642)
At 1 September 2022 less cash 119,501 2,884,933 3004434
Additions 273,361 4,187,798 4,461,159
Disposals (119,503) (3,032,651) (3,152,154)
Revaluations (2,205) (66,144) (68,349)
Listed on UK Stock Exchange or in
Open Ended Funds
Cash		 271,154
2,772		 3,973,936
137,670		 4,245,090
140,442
At 31 August 2023 273,926 4,111,606 4,385,532
Historical cost (listed investments
only)		 275,163 4,202,450 4,477,613
INVESTMENTS
Trust
Endowment
Fund General
Fund		 Total
E E E
At 1 September 2022 including cash 125,458 3,146,618 3,272,076
Less opening cash (5,957) (261,685) (267,642)
At 1 September 2022 less cash
Additions		 119,501
273,361		 2,884,933
4,187,798		 3,004,434
4,461,159
Disposals
Revaluations		 (119,503)
(2,205)		 (3,032,651)
(66,144)		 (3,152,154)
(68,349)
Listed on UK Stock Exchange or in
Open Ended Funds
Investment
in subsidiary
Cash		 271,154
2,772		 3,973,936
10,000
137,670		 4,245,090
10,000
140,442
At 31 August 2023 273,926 4,121,606 4,395,532
Historical cost (listed investments
only)		 275,163 4,202,450 4,477,613

The Trust holds more than 20% oft he share ca pital
in the followi		 ng
company		 :
Shares held
Company 0!
Subsidiary
undertaking
Leighton
Park Enterprises		 Limited Registered
office
Leighton
Park School,
Shinfield
Road, Reading,		 Class
Ordinary		 Direct
100		 Indirect
Company No: 03156213 Berkshire, RG2 7ED

DEBTORS 2023 Group 2022 2023 Trust 2022
E
Fees receivable 346,932 128,724 175,364 96,727
Amounts
owed by group
undertakings
Other debtors		 142,644 102,999 249,851
142,609		 44,901
102,999
Prepayments
income		 and accrued 445,345 3,237,957 445,345 3,225,469
934,921 3,469,680 1,013,169 3,470,096
FO R THE YEAR ENDED 31 AUG UST 2023
14 CURRENT ASSET INVESTMENTS Group
2023
E		 2022f 2023f Trust 2022
Cash equivalents
on deposit		 150,885 152,938 150,885 152,938
15 CREDITORS: Amounts
failings due		 within one year
Group
2023		 2022 2023 Trust 2022f
Trade creditors
Taxation and social security
Fees in advance
Other creditors
Accruals
Deferred income
Deposits repayable
Advanced
fee scheme
Bank loans		 586,902
154,910
1,924,609
187,740
905,077
463,770
2,176,247		 208,885
154,071
1,600,322
147,656
515,836
500
413,913
2,543,777
450,000		 586,902
148,943
1,924,609
187,740
899,210
463,770
2,176,247		 208,885
145,456
1,600,322
147,656
484,385
413,913
2,543,777
450,000
6,399,255 6,034,960 6,387,421 5,994,394

CREDITORS: Amounts
falli		 ng due after more than on e year
Group
2023		 2022 2023 Trust 2022
f. E
Deposits repayable
Bank loans		 1,297,130
127,743		 1,212,948
1,500,000		 1,297,130
127,743		 1,212,948
1,500,000
1,424,873 2,712,948 1,424,873 2,712,948
DEFERRED INCO ME (INCLUDIN G FEES IN AD VANCE )
2023 Group 2022 2023 Trust 2022
f, F
At 1 September
Released from previous years
Amounts
deferred
in the year		 1,600,822
(1,600,822)
1,924,609		 1,506,732
(1,506,732)
1,600,822		 1,600,322
(1,600,322)
1,924,609		 1,506,732
(1,506,732)
1,600,322
At 31 August 1,924,609 1,600,822 1,924,609 1,600,322

Group At 1 Transfers At
September and other 31August
2022 Incomef Expenditure
E		 gains
F		 2023
General fund 13,996,398 16,567,953 (15,455,541) (813,025) 14,295,785
Designated
funds:
Property
The lan		 fund
Austin		 bursary fund 455,714 3,952,433 455,714
3,952,433
13,996,398 17,023,667 15,455,541 3,139,408 18,703,932
Trust At 1 Transfers At
September and other 31August
2022 Income Expenditure losses 2023
E
General fund 13,995,362 16,374,442 (15,262,030) (813,025) 14,294,749
Designated
funds:
Property
fund
The lan Austin
bursary		 fund 455,714 3,952,433 455,714
3,952,433
13,995,362 16,830,156 (15,262,030) 3,139,408 18,702,896
Unrestricted
Group		 Unrestricted
Group		 funds prior At 1
September
2021
year		 Income Expenditure Transfers
and other
losses		 At
31 August
2022
E
General fund 14,579,270 13,861,823 (14,035,682) (409,013) 13,996,398
Trust At 1 Transfers At
September
2021		 Income Expenditure and other
losses		 31 August
2022
General fund 14,578,234 13,756,076 (13,929,935) (409,013) 13,995,362

0 MOVEMENT
ON ENDOWMEN		 T
FUNDS
Group and Trust At 1
September
2022		 Income Expenditure
F		 Transfers
and other
losses
F		 At
31August
2023
F
Scholarship
and Prize fund		 278,188 (4,920) 273,268
The Scholarship
and Prize fund is a permanent
amalgamates
a number
of smaller Trust funds.		 endowment
The agreed		 which,
capital		 by permission
value of the		 ofthe Charity Commission,
fund at 31 August 2003 was
F250,000.
The income from this fund of F761 (2022: F2,942) is allocated to restricted
funds		 to provide scholarships
and
bursaries.
At 1
September
2021
Endowment
funds prior year
Group and Trust		 income
F		 Expenditure
F		 Transfers
and other
losses
F		 At
31August
2022
F
Scholarship
and Prize fund		 3D1,D87 (22,899) 278,188
21 MOVEMENT
IN RESTRICTED FUNDS
Group and Trust At 1
September
2022
F		 Income
F		 Expenditure Transfers
and other
gains
F		 At
31August
2023
From Endowment
Fund—
Scholarship
and Prize fund
Drugs awareness
fund
Bursary fund
Pavilion
School House donation
Musical instrument
fund
Head's discretionary
fund
Academic departments
Other funds
The lan Austin
bursary
fund		 5,150
951,226
10,150
2,338
1,826
5,181
29,707
13,048
3,000,000		 761
68,489
1,100		 (761)
(35,205)
(784)
(2,500)		 (3,000,000) 5,150
984,510
10,150
2,338
1,826
5,497
27,207
13,048
4,018,626 70,350 (39,250) (3,000,0DD) 1,049,726

Restricted funds prior year
Group and Trust
At 1
September
2021		 Restricted funds prior year
Group and Trust
At 1
September
2021		 Income Expenditure Transfers
and other
gains		 At
31 August
2022
F F
From Endowment
Fund—
Scholarship
and Prize fund
Drugs awareness
fund
Bursary fund
Pavilion
School House donation
Musical instrument
fund
Head's discretionary
fund
Academic departments
Other funds
The lan Austin
bursary
fund		 5,150
905,911
2,338
1,826
8,892
31,868
10,048		 2,942
103,418
10,150
1,000
3,000
3,000,000		 (2,942)
(58,103)
(3,711)
(3,161)		 5,150
951,226
10,150
2,338
1,826
5,181
29,707
13,048
3,000,000
966,033 3,120,510 (67,917) 4,018,626
FINANCIAL INSTRUMENTS
Group and Trust 2023
F		 2022
F
Carrying
amount offinancial

d
atfair		 assets
valuethrouh		 profit or loss 4,385,532 3,272,076

ANALYSIS OF NET ASSETS BETWEEN F U NDS NDS
2023
General
funds
F.		 Designated
funds		 Endowment
funds
F		 Restricted
funds		 Total funds
E
Tangible fixed assets
Investments
17,436,420
4,111,604		 273,928 17,436,420
4,385,532
Net current
assets/(liabilities)
Long term liabilities
(5,814,730)
(1,424,873)		 4,408,147 (660) 1,049,726 (357,517)
(1,424,873)
Defined benefit pension
scheme
liability
(12,636)		 (12,636)
TOTAL NET ASSETS
at 31 August 2023
14,295,785		 4,408,147 273,268 1,049,726 20,026,926
2022
General
funds
F		 Designated
funds		 Endowment
funds
F		 Restricted
funds
F		 Total funds
F
Tangible fixed assets
Investments
16,426,076
3,146,618		 125,458 16,426,076
3,272,076
Net current
assets/(liabilities)
Long term liabilities
(2,804,542)
(2,750,448)		 152,730 4,018,626 1,366,814
(2,750,448)
Defined benefit pension
scheme
liability
(21,306)		 (21,306)
TOTAL NET ASSETS
at 31 August 2022
13,996,398		 278,188 4,018,626 18,293,212
CASH FLOWS FROM OPERATING ACTIVITIES 2023 2022
F
Net income for the year
Depreciation
on tangible
fixed assets
Realised (gain)/loss
on disposal of investments
Unrealised
loss on revaluation
of investments
Defined benefit pension scheme movement
Interest paid
Interest received
Investment
income
Proft on disposal
on tangible
fixed assets		 1,733,714
918,214
(202,837)
68,349
(8,670)
86,556
(40,407)
(20,889)
(455,713)		 2,446,822
995,697
143,650
288,261
(85,844)
62,501
(1,875)
(49,500)
Operating
cash flows before movements		 in working
capital		 2,078,317 3,799,712
Decrease/(Increase)
in debtors
Increase
in creditors		 2,534,759
1,266,007		 (3,106,729)
431,549
Net cash generated
from operating
activities		 5,879,083 1,124,532

ANALYSIS OF CHANGES
IN		 NET FUNDS
At 1
September At 31 August
2022 Cash flows 2023
F
Cash 4,162,236 1 085 023 5247 259

payments
under non-cancellable
operating
leases wh		 ich
fall due as follows:
Group and Trust 2023
F		 2022
Operating
leases which expire:
Within one year
Between two and five years		 58,219
24,689		 136,367
66,070
82,908 202,437