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||||Page|
|---|---|---|---|
|Company
Information||||
|Report ofthe Governors|(including|Strategic Report)||
|Report ofthe Auditors||||
|Statement of Financial Activities||||
|Balance Sheet|||12|
|Cash Flow Statement||||
|Notes tothe Cash Flow|Statement|||
|Notes tothe Financial Statements|||15|
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##
||||
|---|---|---|
|GOVERNORS:|Rhodri Thomas|(Chairman)|
||Simon Barber||
||Jaideep Barot||
||Hannah
Bell||
||Paul Bird||
||Peter Rourke||
||Elizabeth
Bderley||
||Emma McKendrick||
||Charles McVeigh||
||Laura Miles||
||Oliver Stanley||
||George Whitegeld||
||Felicity Wilson||
||Philippa
Zingg||
|HEADMASTER:|Alastair Speers||
|SECRETARY:|Rupert Burnell-Nugent||
|PRINCIPAL ADDRESS:|Rushmore||
||Tollard Royal||
||Salisbury||
||SPSSQD||
|REGISTERED OFFICE:|Windover
House||
||St Ann Street||
||Salisbury||
||SP12DR||
|REGISTERED NUMBER:|532767 (England|and Wales)|
|CHARITY REGISTRATION|||
|NUMBER:|309490||
|AUDITORS:|Fawcetts
LLP||
||Chartered
Accountants||
||and Statutory|Auditors|
||Windover
House||
||St Ann Street||
||Salisbury||
||SP12DR||
|BANKERS:|Lloyds Bank pic||
||38 Blue Boar Row||
||Salisbury||
||SP11DA||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2022|2021|
|||Notes|E|E|E|E|
|INCOME AND ENDOWMENTS|FROM:||||||
|Income from:|||||||
|Charitable
activities|||||||
|Fees receivable||2|4,936,200||4,936,200|4,378,896|
|Otherincome||3|149,514||149,514|292,960|
|Donations
and legacies||||36,987|36,987|39,265|
|Total income and endowments|||5,085,714|36,987|5,122,701|4,711,121|
|EXPENDITURE|||||||
|Expenditure
on:|||||||
|Charitable
activities:|||||||
|School operating
costs|||5,022,828|46,664|5,069,492|4,625,478|
|Total expenditure||6|5,022,828|46,664|5,069,492|4,625,478|
|NET INCOME/(EXPENDITURE)|||62,886|(9,677)|53,209|85,643|
|Fund balances at 1September|2021||3,603,650|514,046|4,117,696|4,032,053|
|TOTAL FUNDS CARRIED FORWARD|||||||
|AT31AUGUST 2022|||3,666,536|504,369|4,170,905|4,117,696|
##
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|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|||||
|FIXEDASSETS:||||||||
|Tangible assets|||||6,375,222||6,548,190|
|CURRENT ASSETS:||||||||
|Stocks|||9|97,209||67,931||
|Debtors|||10|1,491,816||1,312,724||
|Cash at bank and in hand||||3,039||3,193||
|||||1,592,064||1,383,&48||
|CREDITORS:|Amounts|falling||||||
|due within one|year||11|2,447,910||2,395,328||
|NET CURRENT LIABILITIES|||||(855,846)||(1,011,480)|
|TOTAL ASSETS LESSCURRENT||||||||
|LIABILITIES:|||||5,519,376||5,536,710|
|CREDITORS:||||||||
|Due after more|than one|year|||(1,348,471)||(1,419,014)|
||||||04.170.905||E4,117,696|
|RESERVES:||||||||
|Restricted funds|||20||504,369||514,046|
|Unrestricted
funds|||||3,666,536||3,603,650|
||||||4.170.905||E4,117,696|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|f|E|
|Net cash provided
by|||||||
|operating
activities|||||234,712|581,002|
|Cash flows from investing|activities:||||||
|Purchase oftangible assets|||||(84,393)|(133,565)|
|Proceeds ofdisposals|||||3,000||
|Net cash used in investing|activities||||(81,393)|(133,565)|
|Cash flows from financing|activities:||||||
|Loan repayments|||||(197,193)|(142,658)|
|Loan received
in the year||||||50,000|
|Capital repayments
in the year|||||(5,589)|(5,590)|
|Net cash used in by financing||activities|||(202,782)|(98,248)|
|Change
in cash and cash equivalents|||in the year||(49,463)|349,189|
|Cash and cash equivalents|at|1September 2021|||(46,701)|(395,890)|
|Cash and cash equivalents|at|31August 2022||2|(96,164)|(46,701)|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||E|E|
|Net (outgoing)/
incoming|||resources||53,209|85,643|
|Depreciation
charges|||||250,811|228,864|
|Loss on disposal|||||3,550|687|
|Decrease/
(Increase)||in stocks|||(29,278)|8,605|
|(Increase)/
Decrease||in debtors|||(179,092)|(26,964)|
|(Decrease)/Increase||in creditors|||135,512|284,167|
|Net cash provided|by operating|||activities|234,712|581,002|
|ANALYSIS OF CASH|AND||CASH|EQUIVALENTS|||
||||||2022|2021|
||||||E|E|
|Cash at bank and in|hand||||3,039|3,193|
|Overdraft
facility repayable
on||||demand|(99,203)|(49,894)|
||||||(96,164)|(46,701)|
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|INCOME||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|6|
|Fees receivable||consist of:||||
|Gross fees||||5,537,786|4,944,117|
|Less:Total
Staff|bursaries,
discounts||grants and allowances|(373,945)
~el i|(343,872)
(221,349)|
|||||4,936,200|4,378,896|
|SUNDRYAND||OTHER|INCOME|||
|||||2022|2021|
|||||E|E|
|Use offacilities||||112,981|29,688|
|Sundry income||||36,533|153,394|
|Coronavirus|Job Retention Scheme||||109,878|
|||||149,514|292,960|
|STAFF COSTS||||||
|||||2022|2021|
|||||E|E|
|Wages and|salaries|||2,752,374|2,533,292|
|Social security||costs||242,718|206,851|
|Other pension||costs||499,811|444,630|
|||||3,494,903|3,184,773|
##
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|STAFF COSTScontinue|d|d|||||
|---|---|---|---|---|---|---|
|The average
monthly|number ofemployees||during the year was as follows:||||
||||||2022|2021|
|Teachers|||||80|69|
|Others|||||53|52|
||||||133|121|
|The number
ofemployees||whose emoluments||exceeded f60,000was:|2022|2021|
|f60,001 —f70,000|||||||
|f70,001 —f80,000|||||||
|f90,001 —f100,000|||||||
|f110,001 —f120,000|||||||
##
|The key personnel
ofthe school|The key personnel
ofthe school|The key personnel
ofthe school|The key personnel
ofthe school|comprise the|comprise the|comprise the|Governors,
the I-lead and the Bursar. The total remuneration|Governors,
the I-lead and the Bursar. The total remuneration|Governors,
the I-lead and the Bursar. The total remuneration|Governors,
the I-lead and the Bursar. The total remuneration|Governors,
the I-lead and the Bursar. The total remuneration|of|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|the key management|personnel|||was||f242,952|(2021-f213,705).With the exception ofthe above none ofthe||||||
|Governors
nor persons||connected|||with them||received
any remuneration||or other material
benefits from the||||
|association or any connected|||organisation.||||||||||
|EXPENDITURE|||||||||||||
|Expenditure
includes:|||||||||||||
|||||||||||2022
f|2021f||
|Depreciation
—owned|assets|||||||||245,867|223,920||
|Depreciation
—assets|on|hire purchase||||contracts||||4,944|4,944||
|Operating
lease rentals||||||||||15,161|18,806||
|Auditors'
remuneration||—audit||||||||9,340|9,200||
|||—accountancy||||||||2,800|2,800||
|ANALYSIS OF TOTAL|RESOURCES|||EXPENDED|||||||||
|||||||||||2022|2021||
||||||Staff costs
f||Otherf|Depreciation
f||Total
f|Tote I
f||
|Charitable
activities:|||||||||||||
|School operating
costs:|||||||||||||
|Teaching costs|||||2,412,699||127,727|1'1,682||2,552,108|2,362,281||
|Welfare||||||525,558|314,686|45,365||885,609|742,039||
|Premises||||||191,988|502,463|177,999||872,450|876,497||
|Management
and administration||||||364,658|308,992|15,765||689,415|567,468||
||||||3,494,903||1,253,868|250,811||4,999,582|4,548,285||
|Governance
costs|||||||12,801|||12,801|12,788||
|Costs ofgenerating|funds:||||||||||||
|Finance and other costs|||||||57,109|||57,109|64,405||
|Tota
I resources expended|||||3,494,903||1,323,778|250,811||5,069,492|4,625,478||
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|STATEMENT OF|FINANCIAL|ACTIV|ITIES —|comparative
balanc|es|es|||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||Restricted|Total|
|||||||funds|funds|2021|
|||||||E||E|
|INCOME AND ENDOWMENTS||FROIIIU|||||||
|Income from:|||||||||
|Charitable
activities|||||||||
|Fees receivable||||||4,378,896||4,378,896|
|Other income||||||292,960||292,960|
|Donations
and legacies||||||4,517|34,748|39,265|
|Total income and|endowments|||||4,676,373|34,748|4,711,121|
|EXPENDITURE|||||||||
|Expenditure
on:|||||||||
|Charitable
activities:|||||||||
|School operating|costs|||||4,586,447|39,031|4,625,478|
|Total expenditure||||||4,586,447|39,031|4,625,478|
|NET INCOME||||||89,926|(4,283)|85,643|
|Fund balances at|1September|2020||||3,513,724|518,329|4,032,053|
|TOTAL FUNDS CARRIED FORWARD|||||||||
|AT31AUGUST 2021||||||3,603,650|514,046|4,117,696|
|TANGIBLE FIXEDASSETS|||||||||
|||||Freehold|Furniture||||
|||||land and|and||Motor||
|||||buildings|equipment||vehicles|Totals|
|COST:|||||||||
|At 1September 2021||||8,576,246|851,011||81,696|9,508,953|
|Additions||||25,607|58,786|||84,393|
|Disposals||||(1,320)|(178,093)|||(179,413)|
|At 31August 2022||||8,600,533|731,704||81,696|9,413,933|
|DEPRECIATION:|||||||||
|At 1September 2021||||2,259,682|650,515||50,566|2,960,763|
|Charge for year||||177,921|61,061||11,829|250,811|
|Eliminated
on disposal||||(130)|(172,733)|||(172,863)|
|At 31August 2022||||2,437,473|538,843||62,395|3,038,711|
|NET BOOK VALUE:|||||||||
|At 31August 2021||||6,316,564|200,496||31,130|6,548,190|
|At 31August 2022||||6,163,060|192,861||19,301|6,375,222|
|The cost offreehold|land and buildings||includes|land of62000 which|is not being|depreciated.|||
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|9.|STOCKS||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|E|
||Raw materials|and consumables|||67,329|41,143|
||Goods for resale||||29,880|26,788|
||||||97,209|67,931|
|10.|DEBTORS:AMOUNTS
FALLING||||||
||DUE WITHIN ONE YEAR||||||
||||||2022|2021|
||||||E|E|
||Trade debtors||||1,299,305|1,192,507|
||Other debtors||||99,001|30,488|
||Prepayments||||93,510|89,729|
||||||1,491,816|1,312,724|
|11.|CREDITORS: AMOUNTS||FALLING||||
||DUE WITHIN ONE YEAR||||2022|2021|
||||||E|E|
||Bank loans and overdraft||(note 16)||252,251|246,205|
||Hire purchase|agreements||(note 13)|5,589|5,589|
||Trade creditors||||140,694|187,124|
||Other creditors||||54,971|18,908|
||Taxation and social security||||56,532|51,120|
||Accruals||||62,023|74,296|
||Entry deposits|repayable|||150,719|124,733|
||Deferred income (fees paid|||in advance)|||
||Autumn|2022 fees|||1,591,912|1,536,461|
||Advance|fees scheme||(note 15)|133,219|150,892|
||||||2,447,910|2,395,328|
|12.|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN ONE YEAR||||
||||||2022|2021|
||||||E|E|
||Bank loans (note 16)||||897,374|1,051,304|
||Hire purchase|agreements||(note 13)|15,615|21,204|
||Deferred income (note 15)||||270,492|182,306|
||Entry deposits|repayable|||164,990|164,200|
||||||1,348,471|1,419,014|
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|OBLIGAT|IONS U|NDER|HIRE|PURC|HASE C|ONTRACTS||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|||||||||E|f|
|Net obligations||repayable:||||||||
|Within one year||||||||5,589|5,589|
|Between|one and five||years|||||15,615|21,204|
|||||||||21,204|26,793|
|SECURED DEBTS||||||||||
|The following secured|||debts|are included||within creditors:||2022|2021|
|||||||||E|f|
|Bank overdraft||||||||99,203|49,894|
|Bankloan||||||||1,050,422|1,247,615|
|||||||||1,149,625|1,297,509|
|The bank|loan is|secured
by||afirst|charge|over the freehold|property ofthe School.|||
|DVANCE|FEE PAYMENTS|||||||||
|Assuming|pupils|will remain||in the|school,|advance fees will|be applied|as follows:||
|||||||||2022|2021|
|||||||||E|E|
|Within 2|to 5years|||||||270,492|182,306|
|Over 5years||||||||||
|||||||||270,492|182,306|
|Within 1year (included|||in deferred||income)|||133,219|150,892|
|||||||||403,711|333,198|
|||||||||E|E|
|Balance at 1September 2021||||||||331,198|371,667|
|Advances|in the|year||||||297,656|150,401|
|Amounts|utilised|in payment||offees||||(225,143)|(188,870)|
|Balance at 31August 2022||||||||403,711|333,198|
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|An analysis ofthe maturity|An analysis ofthe maturity|of|loans and overdrafts|is given below:|2022|2021|
|---|---|---|---|---|---|---|
||||||E|E|
|Amounts|falling due within|one year or on demand:|||||
|Bank overdraft|||||99,203|49,894|
|Bankloan|||||153,048|196,311|
||||||252,251|246,205|
|Amounts|falling due between||one and two years:||||
|Bank loan|—1-2years||||161,149|153,930|
|Amounts|falling due between||two and five years:||||
|Bank loan|—2-5 years||||465,197|502,114|
|Amounts|falling due over five||years:||||
|Bank loan|—over 5years||||271,028|395,260|
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||2022|2021|
|---|---|---|
|Equipment|E|E|
|Expiring:|||
|Within one year|13,452|15,651|
|Between one and five years|40,217|45,797|
|In more than five years||7,872|
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|ALLOCATI|ON
OF|THE CHARITY NET|ASSETS||||||
|---|---|---|---|---|---|---|---|---|
||||Fixed|Net|current||Long term||
||||assets|assets/|(liabilities)||liabilities|Tota I|
||||E||E|||E|
|Restricted|funds||479,452||24,917|||504,369|
|Unrestricted
funds|||5,895,770||(880,763)||(1,348,471)|3,666,536|
||||6,375,222||(855,846)||(1,348,471)|4,170,905|
|Allocation|ofthe|charity net assets - comparative
figures|||||||
||||Fixed|Net|current||Long term||
||||assets|assets/|(liabilities)||liabilities|Tata
I|
||||E||||E|E|
|Restricted|funds||514,046|||||514,046|
|Unrestricted
funds|||6,034,144|(1,011,480)|||(1,419,014)|3,603,650|
||||6,548,190|(1,011,480)|||(1,419,014)|4,117,696|
|RESTRICTED FUNDS|||||||||
||||Balance at|Movement||in|funds|Balance at|
||||1September|Incoming|||Outgoing|31August|
||||2021|resources|||resources|2022|
||||f|||||E|
|Gift fund|||19,062|||||19,062|
|2006 Appeal fund|||255,159||||(7,072)|248,087|
|Cloisters, Studio and Sports Pavilion|||208,451||||(4,748)|203,703|
|Chisuma
Project|||1,936||316|||2,252|
|Fire Suppression||System|2,483||||(143)|2,340|
|Scholarship|fund|||27,780|||(27,780)||
|Solar Panels fund|||25,197||988||(863)|25,322|
|Walled Garden fund|||1,758||453||(78)|2,133|
|Friends of|Sandroyd|||7,450|||(5,980)|1,470|
||||514,046|36,987|||(46,664)|504,369|
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