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|||||Page|
|---|---|---|---|---|
|Report ofthe Board of|Governors,|including|the Strategic Report|1-8|
|independent
Auditor's|Report|||9-12|
|Statement
of Financial|Activities|||13|
|Balance Sheet||||14|
|Cash Flow Statement||||15|
|Notes to the Financial|Statements|||16-27|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|2022|2021|
||Notes|6|6|E|E|
|INCOME FROM:||||||
|Charitable
activities:||||||
|School income|3|6,356,484||6,356,484|5,028,729|
|Additional
activities|3|47,404||47,404|26,449|
|Furlough
income|3||||224,536|
|Other trading activities:||||||
|Fundraising
and trading|4|197,236|24,290|221,526|95,145|
|Investments:||||||
|Bank interest||93|1|94|131|
|Total income||6 601 217|24 291|6 625 508|6374 990|
|EXPENDITURE||||||
|Expenditure
on raising funds:||||||
|Fundraising
and trading|5|(12,873)|(25,588)|(38,461)|(18,638)|
|Expenditure
on charitable
activities:
School operating
costs|5|06935332)|~8)|~6935 340|700203052|
|Total||36948205)|~25596)|)6973801)|700221690|
|NET MOVEMENTS BEFORE GAINS||(346,988)|(1,305)|(348,293)|153,300|
|Gains on investment
property||148356||148356||
|NET MOVEMENTS
IN FUNDS||(198,632)|(1,305)|(199,937)|153,300|
|Funds brought
forward||||||
|1September 2021||||||
|Funds carried forward at
31 August 2022|14 &
15|~6~8||||
##
|||||2022|2021|
|---|---|---|---|---|---|
||||Notes|6||
|FIXED ASSETS||||||
|School land, buildings||and equipment|9|9,245,455|9,606,048|
|CURRENT ASSETS||||||
|Stock|||10|2,310|1,380|
|Debtors|||11|180,407|220,947|
|Cash at bank and|in hand|||379 5D8|790250|
|||||562,225|1,012,577|
|CREDITORS: Amounts||falling due within one year|12|~4425 312)|~1722584|
|NET CURRENT LIABILITIES||||~383D87)|710007|
|TOTAL ASSETS|LESSCURRENT LIABILITIES|||8,382,368|8,896,041|
|CREDITORS: Amounts||falling due after more than one year|13|~38983D2|~4212 038|
|NET ASSETS||||||
|Unrestricted
funds|||14|4,468,189|4,666,821|
|Restricted funds|||15|15877|17182|
|TOTAL FUNDS|||16|~4I~6|~4003|
##
||Cash Flows from Operating
Activities|Cash Flows from Operating
Activities|Cash Flows from Operating
Activities|Cash Flows from Operating
Activities|||2022f||2021f|
|---|---|---|---|---|---|---|---|---|---|
||Net (outgoing)/
incoming|resources||||(199,937)|||153,300|
||Adjustments
for:|||||||||
||Depreciation||||||549,223||602,778|
||Loss on disposal offixed|assets|||||||5,278|
||Investment
income||||||(94)||(131)|
||Interest
paid||||||143,573||150,460|
||(Increase)/ decrease
in stock||||||(930)||2,120|
||Decrease/
(increase)
in debtors
(Decrease)/ increase
in creditors||||40,540
~257 4D3||||(86,221)
300938|
||Net cash provided
by operating||activities||||274,972||1,128,522|
||Cash flows from financing|activities||||||||
||Interest
paid
Capital repayments
in the|year|||(143,573)
~3536051|||(150,460)
~3077 3||
||Net cash used
in by financing||activities|||(497,178)|||(458,233)|
||CASH FLOWS FROM INVESTING|||ACTIVITIES||||||
||Purchase
offixed assets||||||(40,274)||(195,668)|
||Revaluation
gain on investment||property|||(148,356)||||
||Investment
income||||||94||131|
||Net cash used
in investing|activities||||(188,536)|||(195,537)|
||NET (DECREASE)/ INCREASE||IN|CASH||(410,742)|||474,752|
||CASH AND CASH EQUIVALENTS|||AT 1 SEPTEMBER|||790 25D||315490|
||CASH AND CASH EQUIVALENTS|||AT 31 AUGUST||||||
||COMPONENTS
OF CASH|AND|CASH EQUIVALENTS|||||||
||Cash at bank||||||377,748||789,470|
||Cash
in hand||||||176D||780|
|Analysis ofchanges
in net debt:|||||A/1||||At 31|
||||||September||Cash||August|
||||||2021
f'000||Flow
f'000||2022
f'000|
|Cash|||||789,470||(411,722)||377,748|
|Cash|in hand|||||780||980|1,760|
|Bank|Loans & Overdrafts||||(4,383,140)||353,605||(4,029,535)|
|Fees|in advance||||(8,565)||||(8,565)|
|Pupil|entry deposits||||(188,000)||10,000||(178,000)|
||||||(3,789,455)||(47,137)||(3,836,592)|
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|EXPENDITURE|||||||
|---|---|---|---|---|---|---|
||||||2022f|2021f|
|Costs of generating|funds:||||||
|Trading costs|||||12,873|14,690|
|Restricted
expenditure|||||25 588|3943|
|Total cost ofgenerating||funds|||38461|18638|
|Charitable
Activities:|||||||
|School operating
costs:|||||||
|Teaching|||||3,555,006|3,238,419|
|Welfare|||||855,484|683,196|
|Premises|||||1,369,406|1,336,882|
|Support costs (see|note|6)|||1,155,436|944,526|
|Donation/prizes|||||8|29|
||||||6935340|6 203 052|
|Total expenditure|||||||
|Included
in premises|costs is a depreciation||||charge off549,223 (2021:f602,778).||
|SUPPORT COSTS|||||||
||||||2022
f.|2021f|
|Salaries|||||496,788|420,238|
|Office and other administration|||costs||440,408|308,176|
|Finance costs|||||162,355|169,420|
|Governance
costs (see||note 7)|||M 885|46692|
|GOVERNANCE
COSTS|||||||
||||||2022f|2021f|
|Auditor's
remuneration||-audit|||16,279|17,220|
|Auditor's
remuneration||—non-audit||services||1,194|
|Governors
training|and|expenses|||297||
|Professional,
legal|and|consultancy||fees|35,447|23,133|
|Statutory
inspection|costs||||3862|5145|
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|TAFF COSTS|||||
|---|---|---|---|---|
||||2022
E|2021f|
|Wages and salaries|||3,402,587|3,095,260|
|Social security costs|||344,074|303,713|
|Other pension costs|||456 264|444 425|
|The average number ofpersons|employed|by the|2022|2021|
|company
during the year:|||Number|Number|
|Teaching|||88|83|
|Non-Teaching|||30|25|
|ter than E60|,000:|
|---|---|
|2022|2021|
|Number|Number|
##
##
|9.
|TANGI|BLE FIXEDA|SSETS||||||
|---|---|---|---|---|---|---|---|---|
||||Freehold||||||
||||Property
&|||Fixtures|Assets in the||
|||Investment|Improve-|Sports|School|8 equip-|course of||
|||Property|ments|equipment|equipment|ment|construction|Total|
|||5|5|5|||6|5|
|Cost|||||||||
|1 September|2021|892,785|12,274,830|73,027|996,910|442,434|57,192|14,737,178|
|Additions|||||1,145||39,129|40,274|
|Transfers
Revaluahon
31 August 2022||8,859
14l4~
~QQQQQQ|3,533
~22TIL3Q3|~2|55,790
1 053845|11,173
453607|(79,355)
16966|~48 356
~14925 808|
|Accumulated|||||||||
|Depreciation|||||||||
|1 September|2021||4,204,837|27,314|638,033|260,946||5,131,130|
|Charge for the year|||410,026|7,021|90,462|41,714||549,223|
|Disposals|||||||||
|31 August 2022|||4614863|34335|728495|302 660||~5680 353|
|Net book values|||||||||
|31 August 2022||~5aQQQ|~5325QQ||||||
|1 September|2021||||||||
##
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|REDITORS —amounts
falling due within o|ne year||
|---|---|---|
||2022|2021|
||6|5|
|Bank loans|308,233|355,102|
|Pupil entry deposits|1,000|4,000|
|Advance fees|8,565|8,565|
|Trade creditors|80,311|216,941|
|Social security costs|124,083|72,482|
|Other creditors|28,021|17,157|
|Accruals|89,633|168,891|
|Deferred
income|785466|879 446|
|Analysis
ofdeferred
income|2022|2021|
|---|---|---|
||6|E|
|Deferred
income balance at 1 September|879,446|703,950|
|Fees received
Fees released to surplus|785,466
~879 4461|879,446
~703950|
|Deferred
income balance at 31 August|||
##
|RED|ITOR|S —amounts
falling due after o|ne year||
|---|---|---|---|---|
||||2022
6|2021f|
|Bank|loan||3,721,302|4,028,038|
|Pupil|entry|deposits|177000|184000|
##
##
|Analysis|ofdebt maturity|Bank|Fees|Pupil||
|---|---|---|---|---|---|
|2022:||Loans &|in|entry||
|||overdrafts|advance|deposits|Total|
|||6|5|E|E|
|Amounts|payable:|||||
|Greater|than, or equal to 1 year|308,233|8,565|1,000|317,798|
|Between|1-2years|259,600||17,500|277,100|
|Between|2-5 years|1,096,570||69,500|1,166,070|
|Greater|than 5years|2 365132||90000|2455 132|
|Analysis|ofdebt maturity|Bank|Fees|Pupil||
|2021:||Loans &|in|entry||
|||overdrafts
B|advance
f|deposits
5|Total|
|Amounts|payable:|||||
|Greater|than, orequal to 1year|355,102|8,565|4,000|367,667|
|Between|1-2years|307,444||20,000|327,444|
|Between|2-5years|807,440||68,000|875,440|
|Greater|then 5years|2913154||96000|3009 154|
##
||||At||||At|
|---|---|---|---|---|---|---|---|
|||1|September|||31|August|
||||2021|Deficit|Transfer||2022|
||||5|F|8||6|
|General|fund|||||||
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##
|ESTRICTED FUNDS|—movement
in|the year||||
|---|---|---|---|---|---|
||A/ 31||||At|
||September||||31 August|
||2021
f|Income
f|Expended|Transfer
f|2022
f|
|Cannon Classic Prize|157||||157|
|Friends ofSt Hugh's|5,042|24,290|(25,588)||3,744|
|Helm Poetry Fund|296||||296|
|Professor McFarlane||||||
|Prize Fund|161||(8)||163|
|Paul Snow Memorial
Prize Fund|11526||||~11527|
##
##
|ANALYSIS|OF NET ASS|ETS BETWEEN FUND|S|||
|---|---|---|---|---|---|
|||Tangible|Current|||
|||fixed assets|assets/|Long term|Total|
||||(liabilities)
f|liabilities
f|2022
f.|
|Restricted|funds||15,877||15,877|
|Unrestricted|funds|9 245 455|~878 964)|3898302|~4468 189|
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##
|the end of the year the following
annual
commitmen
er operating
leases:|ts
existed
in respect of non-cancellable|ts
existed
in respect of non-cancellable|
|---|---|---|
||Land and buildings||
||2022
f|2021
f|
|Leases:|||
|Greater than, or equal to 1 year|14,827|12,936|
|Between 1-2years|15,034|14,827|
|Between 2-5 years|45,754|45,103|
|More than five years|12546|27797|
||||2022f|2021f|
|---|---|---|---|---|
|Agreements|expiring:||||
|In one year or less|||168,600|159,022|
|In more than|one year but not more than two|years|136,616|147,117|
|In more than|two years but not more than five|years|101,899|159,296|
|More than five years|||13545||
|The expense for the year in relation to operating||leases was:|||
||||2022|2021|
||||f.||
|Leases:|||||
|Land and buildings|||12,936|3,864|
|Maintenance|and hire agreements||174575|131878|
||||'t¹~||
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##
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||Fundsf|Funds
f|2021
f|
|INCOME FROM:|||||
|Donations
and legacies:|||||
|Donations|||||
|Charitable
activities:|||||
|School income|3|6,028,729||6,028,729|
|Additional
activities|3|26,449||26,449|
|Furlough income|3|224,536||224,536|
|Other trading
activities:
Fundraising
and trading|4|91,655|3,490|95,145|
|Investments:|||||
|Bankinterest||130||131|
|Total income||637t 699|3491|6374 990|
|EXPENDITURE|||||
|Expenditure
on raising funds:|||||
|Fundraising
and trading|5|(14,690)|(3,948)|(18,638)|
|Expenditure
on charitable
activities:
School operating costs|5|~6 203 023|~29|~6 203 052|
|Total||~6217713|~3977|~6221 690|
|NET MO VEMENTS IN FUN DS||153,786|(486)|153,300|
|Funds brought
forward|||||
|1 September 2020|||||
|Funds canied forward at|||||
|31August 2021|||||