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2022-07-31-accounts

Registered Company Number: 00569365 (England & Wales) Registered Charity Number: 309648

RUPERT HOUSE SCHOOL

(A Company Limited by Guarantee)

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 July 2022

RUPERT HOUSE SCHOOL

(Registered number: 00569365)

Annual Report and Financial Statements For the year ended 31 July 2022

CONTENTS

Pages
Legal and Administrative Information 1 – 2
Report of the Governors 3 – 14
Report of the Independent Auditor 15 – 17
Statement of Financial Activities 18
Balance Sheet 19
Statement of Cash Flows 20
Notes forming part of the Financial Statements 21 – 30
Trading and Profit and Loss Account 31 – 32

RUPERT HOUSE SCHOOL

(Registered number: 00569365)

LEGAL AND ADMINISTRATIVE INFORMATION As at 31 July 2022

Rupert House School is a Charitable Company limited by guarantee, incorporated on 24 July 1956 and registered as a charity on 2 January 1964. The Charitable Company was established under a Memorandum of Association which established the objects and powers of the Charitable Company and is governed under its Articles of Association adopted by special resolution on 12 December 2001, which replaced those dated 24 July 1956.

GOVERNORS

The Governors of the School, being also Trustees of the Charity and Directors of the Company, who served during the period, unless otherwise stated were as follows:

Mr C R Lowe Chairman Mrs A F Ashby Dr M L Brennan Mr P E Falinski Ms C N M Hassall Mr M G Howat Mrs G E Little Ms B C Mckenzie (resigned 30 May 2022) Mr J M Phillips Mr N Potter Mr H Wilding REGISTERED OFFICE AND ADDRESS OF OPERATION 90 Bell Street, Henley-on-Thames, Oxon, RG9 2BN REGISTERED COMPANY NUMBER 00569365 REGISTERED CHARITY NUMBER 309648 SENIOR MANAGEMENT TEAM Head Mr N A Armitage BA (Hons) UEA, PGCE (Cantab) Director of Finance and Operations Mrs W Emslie BA University of Natal, SA, PGCE University of Natal, SA, B.Compt. (UNISA) Deputy Head Pastoral Mrs S Newman BA (Hons) Dunelm, PGCE University of Reading Deputy Head Academic Miss A Waters, BA University of Leeds, PGCE Roehampton University

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RUPERT HOUSE SCHOOL

(Registered number: 00569365)

LEGAL AND ADMINISTRATIVE INFORMATION As at 31 July 2022

PROFESSIONAL ADVISORS Bankers

Bankers Lloyds TSB Bank Plc 1 Reading Road Henley-on-Thames Oxon RG9 1AE Solicitors Blandy & Blandy 1 Friar Street Reading Berks RG1 1DA Independent Auditor Wenn Townsend Statutory Auditors Chartered Accountants 30 St Giles Oxford OX1 3LE

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RUPERT HOUSE SCHOOL (Registered number: 00569365)

REPORT OF THE GOVERNORS For the year ended 31 July 2022

The Governors present their report together with the audited financial statements of the Charitable Company for the period ended 31 July 2022. The Report of the Governors is also the Directors Report as required by S.417 of the Companies Act 2006 and the Trustees’ Report as required by the Charities Act 2011. The financial statements comply with the requirements of the Companies Act 2006, the Charities Act 2011, the Charitable Company’s Memorandum and Articles of Association and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

CHAIRMAN’S SUMMARY

COVID continued to have an impact in the Autumn and Spring terms with staff and pupil absences presenting challenges. Fortunately, the school stayed open throughout and it returned to relative normality in the Summer term.

The school continued to increase its engagement with the local community with the Head being the driving force in persuading the other local junior and senior maintained and independent schools to work together for mutual benefit. Close links were also established with Henley Cricket Club, the Eyot Club (canoeing, paddleboarding and bell-boating) and Henley Rowing Club, with pupils benefiting from the use of these facilities.

Pupil numbers continued to grow, from 160 in Autumn 2019 to 188 in Autumn 2020 (+18%), and further to 203 in Autumn 2022 (+8%).

Financially, the School recorded a surplus of £39,717 (2020-21 £37,839) and cash resources which increased by £120,629 to £595,111.

AIMS AND OBJECTIVES

Constitution

Rupert House School was set up by a Trust Deed dated 24 December 1956 and operates as a Charitable Company in accordance with its Memorandum and Articles of Association dated 24 July 1956 and amended by special resolution on 12 December 2001. The purpose of the School is to advance education by carrying on in Great Britain a school or schools for the education of girls and boys.

Aims

Rupert House is a non-selective day school for boys and girls from 3 up to the age of 11. It aims to offer the best possible education taking into consideration the requirements and talents of each child.

No emphasis is placed on the economic status of the family or the gender, ethnicity, race, religion or disability of that child.

Reasonable adjustments are made to meet the needs of staff and pupils who are or who become disabled.

Ethos

Rupert House offers a broad-based, all-round education to nurture and inspire each and every pupil. The academic curriculum is designed to educate the pupils to a high standard and to prepare boys and girls for entry to a wide range of senior schools in the independent and state sectors.

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RUPERT HOUSE SCHOOL

(Registered number: 00569365)

REPORT OF THE GOVERNORS For the year ended 31 July 2022

An expansive and varied extra-curricular programme offers participation in a wide range of activities to suit all interests. The system of pastoral care places great emphasis on building self-confidence and selfesteem whilst nurturing individual talents.

The School places great emphasis on the importance of pupils, staff and parents playing their part in the School and the wider local community. Around the School, there is an atmosphere of friendliness and mutual respect amongst children and staff alike. The staff and pupils embrace and embody the School’s core values: Courage, Creativity, Respect and Resilience, all of which are underpinned by kindness, which all members of the community are expected to show towards one another.

Social Community Welfare

The School is committed to safeguarding and promoting the welfare of all its pupils and staff. During the year the School took on the services of a counsellor as part of the Learning Support Team and to supplement the two members of staff who are currently trained as Mental Health First Aiders.

Parent Communication

Parents are informed about school life through a weekly newsletter, additional emails where necessary, social media, the annual school magazine and on their children’s social, academic and extra-curricular progress via a regularly reviewed system of reporting, which includes written reports and parent evenings.

Parents are welcomed into School to share their knowledge, help with various activities, and watch the children perform.

GOVERNANCE AND MANAGEMENT

Governors

New Governors are selected to ensure there is a mix of knowledge and experience on the range of matters that are likely to come before the Board.

The election of new Governors takes place, following appropriate declarations and checks, at a Board of Governors’ meeting and the appointment is ratified at the following Annual General Meeting of the Charitable Company.

New Governors are provided with pertinent documentation, inducted into the workings of the School and attend Governors’ seminars and training provided by IAPS, AGBIS and other bodies as appropriate.

In accordance with the Articles of Association, Mrs G E Little, Mr C R Lowe and Mrs A F Ashby will retire at the forthcoming Annual General Meeting and, being eligible, will stand for re-election.

Governance

The School is managed by the Board of Governors which meets termly or more often as required. In consultation with the Head and Senior Management Team, the Governors set the strategic direction and approve the policies for the School which provide the framework for its activities and future development.

The Board delegates certain of its powers to committees consisting of Governors with relevant expertise and experience:

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RUPERT HOUSE SCHOOL (Registered number: 00569365)

REPORT OF THE GOVERNORS For the year ended 31 July 2022

Other responsibilities are delegated to Governors with pertinent expertise and experience:

STRATEGY AND OBJECTIVES

Management

Day-to-day management of the School is delegated by the Governors to the Head and the Senior Management Team comprising the Director of Finance and Operations, Deputy Head Pastoral and Deputy Head Academic. Management of the School is undertaken within the policies, procedures and budgets approved by the Board. The Head oversees the recruitment of teaching staff and the Director of Finance and Operations is responsible for recruiting and overseeing non-teaching staff. The Head and the Director of Finance and Operations attend and submit reports to Board and committee meetings, as appropriate.

Strategy

The School’s strategy is:

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RUPERT HOUSE SCHOOL (Registered number: 00569365)

REPORT OF THE GOVERNORS For the year ended 31 July 2022

COVID

Teaching and learning was again disrupted by the pandemic, with 19 children absent across a range of year groups and 4 staff absent with COVID in the Autumn term, while numerous staff were absent for periods whilst waiting test results. One class moved to remote learning for a week before Half Term, when a number of children and their teacher tested positive.

In the Spring term there were further significant staff and pupil absences, with the majority of Years 5 and 6 absent in the weeks leading up to Half Term in addition to high levels of absence in other year groups.

With the change in Government guidance around testing, there were no recorded COVID cases amongst the children in the Summer term and only a couple of confirmed staff cases, and the school returned to operational normality.

Developments 2021/22

Key developments through the year included:

Future Plans

The principal plans for 2022/23 are to:

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RUPERT HOUSE SCHOOL (Registered number: 00569365)

REPORT OF THE GOVERNORS For the year ended 31 July 2022

RISK MANAGEMENT

Governors are responsible for oversight of risk management. Identification, assessment and control of internal and external risks are delegated to the Senior Management Team with review and oversight undertaken by the Risk and Governance Committee and the Board.

The principal risks and uncertainties facing the School are:

PUBLIC BENEFIT

In setting objectives and planning priorities, the Board gives due consideration to the Charity Commission’s general guidance on public benefit and, in particular, to its supplementary public benefit guidance on advancing education and on fee-charging.

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RUPERT HOUSE SCHOOL (Registered number: 00569365)

REPORT OF THE GOVERNORS For the year ended 31 July 2022

Financial Support

The School is committed to broadening access to the School by offering eligible parents/guardians financial support with the payment of school fees. Means tested bursaries up to the value of 100% are available to pupils who meet and maintain the normal selection criteria. Provision is also made for situations of hardship encountered by existing parents.

Awards are subject to repeat testing of parental means each year and may be varied upwards or downwards, depending on parental circumstances.

During the year nine pupils were in receipt of means tested reduction in fees.

Bursaries
Percentage of gross fees		 2022
9
3.1%		 2021
7
2.1%		 2020
6
1.1%

Community Service

Pupils are encouraged to raise money for local and national charities. This year money was raised for a number of charities, including:

Engagement with State Sector

This year 'Education Henley’ was established, a partnership involving local primary and secondary schools, independent schools and Henley Music School with the aim of creating greater opportunities for all the children in and within 5 miles of Henley. Activities were planned for the following academic year, including:

Additional events were held at the school, which included local primary schools:

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RUPERT HOUSE SCHOOL (Registered number: 00569365)

REPORT OF THE GOVERNORS For the year ended 31 July 2022

Wider Community Benefit

The School engaged with the wider community in:

REVIEW OF ACTIVITIES AND ACHIEVEMENTS

Pupil Numbers

The average number of pupils attending the School during the academic year was 191 (2020-21-170 pupils attended), an increase of 21 pupils (2020-21- and increase of 7 pupils) , 12% (2020-21-an increase of +4.3%) compared to previous year.

Academic Performance

The school aims to enable every child to reach his or her academic potential through the provision of stimulating lessons across a broad curriculum in small classes and adopting a growth mindset. An excellent academic education is delivered at all stages of a child’s journey tailored to all abilities, from the most able pupils to those who need academic or other support.

The SEND (Special Educational Needs and Disabilities) department continues to develop, providing for children with a range of needs.

Destination Schools

In the last Academic Year, Queen Anne’s (Caversham) was the most popular destination, with 6 children choosing the school, while The Oratory (Woodcote) and Headington School (Oxford) each saw three pupils choose them as their destination school. Other destinations included St Helen & St Katharine (Abingdon), The Abbey (Reading), Leighton Park (Reading). State school destinations included Sir William Borlase (Marlow), Langtree (Woodcote), Newlands (Maidenhead) and Gillotts (Henley). Other destination schools in recent years have included Downe House (Cold Ash), Godolphin (Salisbury), Heathfield (Ascot), Lambrook (Ascot), Piper’s Corner (High Wycombe), St George’s (Ascot), Tudor Hall (Banbury) and Wellington College (Crowthorne).

In addition, some of the parents consider 13+ Senior Schools, as assessments are largely sat for these schools in Year 6. This year, the school had a 100% success rate through the ISEB Pre-Test, with offers subsequently made by St Edward’s (Oxford) and Bradfield College.

The school continues to grow its relationships with Senior Schools and it is encouraging to hear that Shiplake College and Reading Blue Coat will both becoming fully co-educational in time for September 2023 entry, providing Rupert House pupils with more options

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RUPERT HOUSE SCHOOL (Registered number: 00569365)

REPORT OF THE GOVERNORS For the year ended 31 July 2022

Scholarships

The School has a long record of obtaining scholarships with over half of pupils gaining awards over the past three years.

2022 was another successful year for scholarships with seventeen awards achieved by eleven pupils – 4 academic scholarships and other awards including art, drama, dance and sport. Scholarship offers were received from The Abbey (1), Headington (1), Queen Anne’s (10) and The Oratory (5).

----- Start of picture text -----
Type of Scholarship / Exhibition 2022 2021 2020
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Type of Scholarship / Exhibition 2022 2021 2020
Academic 4 2 4
All-rounder 1 1 -
Art 2 - 1
Dance 2 - -
Drama 3 5 2
Music - 2 2
Sport 5 5 4
Total 17 15 13
Number of Pupils* 11 11 7
Percentage of Year 6 Leavers 55% 50% 50%
11+ passes 1 3 1

*Some pupils received more than one award

Physical Education and Sport

Children in Nursery receive two PE and Sports lessons per week, rising to four lessons in Reception (including swimming), seven in Years 1 and 2 (including swimming), and ten lessons in Years 3 and 4 (including swimming), and nine in Year 5 and 6. Additional specialist coaching is provided in Gymnastics, Cricket and Rugby lessons, as well as other clubs before and after school.

Eleven sports are offered (athletics, cricket, cross country, football, gymnastics, hockey, lacrosse, netball, rugby, swimming and tennis) with the intention that each pupil discovers one or more sports which are they enjoy and are likely to continue with at their next school. Our Sports Department is led by an Olympic hockey medallist, and incudes a Head of Boys Games, a number of staff with high-level playing and coaching experience and it is supplemented by two Gap students and visiting coaches for athletics, rugby, football, tennis and cricket, such that every child receives coaching from specialist staff.

All children in Years 3 to 6 play in competitive fixtures against other local Prep schools. Due to the Coronavirus pandemic fixtures had to be cancelled in the Autumn and Spring terms, whilst some were able to take place in the Summer term. In the Summer term, our partnership with Henley Cricket Club enabled all children to receive specialist coaching as part of the curriculum and at after-school clubs. In addition, a very successful Canoeing and Paddleboarding club for children in Years 4 and 5 was introduced. Inter-House Competitions were held, as usual, in cross-country, hockey and netball, and separate Prep and Pre-Prep Sports Days in June at school, but parents were not able to come and watch.

In the Summer Term, the Sports Department conducted a week-long trial of Move to Think, a wholeschool initiative involving either Yoga, Mindfulness or a short burst of physical exercise to start the school day. The aim was to see whether by stimulating the children’s brains before lessons started, this would improve focus and ensure they were in the best possible position to learn. The trial was very successful, and this will be implemented throughout the school from September.

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RUPERT HOUSE SCHOOL (Registered number: 00569365)

REPORT OF THE GOVERNORS

For the year ended 31 July 2022

Trips and Visits

All pupils in the School gained considerable extended learning experience through a wide range of educational visits. This included local trips such as to the Fire Station and Geography field trips around Henley as well as those further afield such as to the Sea Life Centre in Brighton and the Trenchard Museum at RAF Halton. Years 4-6 all enjoyed residential trips in the Summer term, with Years 3 & 4 visiting PGL centres, while Year 5 stayed under canvas at a Bushcraft camp.

In addition, the children enjoyed a number of workshops, including Teach Rex, who brought a life size dinosaur for the Pre-Prep children, all manner of talks during the School’s themed STEAM and International Weeks and the visit of a local historian to bring the First World War to life for the Year 6.

Music

All pupils have one class music lesson and a choir session each week; and Year 2 children were introduced to Fife lessons. The School has ten specialist visiting music teachers and over 70% of all pupils in Years 1 to 6 are learning an instrument.

The whole Prep School performed in the Christmas Tea Concert as well as in the Easter Concert in the Town Hall, while a number of Pre-Prep children took part in their own Spring Concert. In addition, all pupils performed in the Harvest Festival, the Christmas Carol Service and for the first time, in an Easter Service, all of which took part at St Mary’s Church.

Drama

Years 3-6 have two Performing Arts lessons each week and drama is taught to younger children within their topic work. Every child has opportunities to perform on stage every year, both in assemblies and as part of a dramatic production.

All children in the Pre-Prep performed in either the Early Years Nativity Play or the Key Stage 1 production over the festive season. In the Summer, the school was able to again present the Prep performance at the Kenton Theatre.

Art

Children are encouraged to express themselves artistically and their artwork is shown throughout the School.

From September, we increased our offering by appointing a dedicated Head of Design & Technology with a refitted D&T suite, which is offered as part of a carousel of practical activities including outdoor learning and cookery.

Outdoor Education

The ‘outside classroom’ is used to stimulate children’s learning in different environments with academic and pastoral benefits. Forest School within the School’s grounds provides Early Years’ children with opportunities to explore the natural world and to enjoy construction, fire-building and collaborating outdoors. Children in Year 1 and above spend time around Henley and in the woods above the Fairmile.

Friends of Rupert House (FoRH)

FoRH supports parents socially, raises funds for the School and nominated charities, arranges social events and organises entertaining events for the whole School. This year, the main fundraising effort support of the school was for an outdoor classroom as part of the Forest School redevelopment. There are Form Representatives in every year group, who welcome new parents and children and act as a voice for their year in meetings with the Head and the Friends Committee.

FoRH held cake sales, uniform sales, organised donations to Nomad and a Christmas Fair.

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RUPERT HOUSE SCHOOL (Registered number: 00569365)

REPORT OF THE GOVERNORS For the year ended 31 July 2022

STAFF

Teaching

The School aims to recruit, retain and develop high quality staff able to act as role models and inspire children with a desire to learn and develop their individual talents. A permanent teaching staff of 30 is supplemented by visiting staff with specialist expertise, including 10 music teachers and 9 sports coaches.

The School’s pupil:teacher staff ratio of 6.8:1 was significantly below the average for independent junior schools of 8.7:1. Going forwards it is expected that the ratio will return to historic levels but remain below the sector average, consistent with an expansive curriculum.

The School aims to achieve a balance between maintaining consistency and certainty for pupils by retaining teaching staff whilst injecting new ideas and fresh energy through the recruitment of new staff. Staff retention is strong and has been consistent at around 84% over the past three years. Five new staff joined at the beginning of, or during, the year and three staff left during, or at the end of, the year.

Support Services

The Bursary is responsible for support operations including finance, HR, catering, marketing, communications, IT, grounds and buildings maintenance and health and safety.

Remuneration

Governors approve the remuneration structure for staff and review the remuneration of the Head and Senior Management Team each year. The HR and Remuneration Committee recommends awards for approval to the Board, taking into account performance against agreed targets and objectives as well as market conditions.

Generally, an inflationary increase is applied together with a length of service increment. This is dependent on the financial success of the School and increases being offered in similar schools. Specific salaries may be adjusted on the basis of annual performance appraisals.

The School offers a reduction in fees to staff members who educate their children at the School.

FINANCIAL REVIEW

Financial Results

The accounts show a net surplus of £39,717 (2020-21 Surplus £37,839) for the year. Total income increased by 18.1% (2020-21 increased 6.5%) with fee income increasing by 22.2% (2020-21 increased 6.1%) being the main component of this change.

There was an 18.3% increase in total expenditure for the year to £2,476,740, including employee benefits for August, compared with the total expenditure of £2,093,438 in the previous year.

At 31 July 2022, the overall reserves stood at £1,554,350 (2020-21 £1,514,633) and the net cash balances stood at £595,111 (2020-21 £474,482). These are sufficient to allow the School to plan for the future and to implement the aims and plans set out in its Strategic Review. The Governors are confident that the School has adequate resources to meet its future commitments as they fall due.

In the opinion of the Governors, the market value of the land and buildings of the School is not less that the net book value in the Accounts.

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RUPERT HOUSE SCHOOL

(Registered number: 00569365)

REPORT OF THE GOVERNORS For the year ended 31 July 2022

Reserves Policy

The Governors’ policy is to maintain and establish sufficient funds and facilities (including debt financing if necessary) to finance capital expenditure to equip the School with up-to-date facilities needed to maintain the standard of educational services currently provided.

The Governors aim to maintain overall reserves to cover at least one term’s operating expenses.

The General Fund as at 31 July 2022 was £1,542,348 (2020-21 £1,500,759). These reserves ensure that the School can fulfil and complete the charitable obligations and commitments into which it enters.

After deducting the net book value of tangible fixed assets held for the charity’s own use, there were £78,391 (2020-21 £56,277) of free reserves (as defined by the Charity Commission).

The Governors are of the opinion that the School has sufficient cash and reserves to operate efficiently with day-to-day working capital being met by careful management of short-term liquid resources.

Whilst there is no longer a dedicated bursaries fund, future bursaries will continue to be funded from the School’s general funds and the Governors remain committed to supporting bursaries, which will be considered on an individual basis.

Going concern

Budgets and cashflow forecasts for a minimum of up to 12 months ahead are regularly reviewed by the Finance and Operations Committee, when considering the operational requirements of the School, to ensure that sufficient funds are available.

Rupert House School currently has a roll of 204 pupils. The Governors are confident that the school can continue to maintain numbers in excess of the break-even requirement into the foreseeable future.

STATEMENT OF GOVERNORS’ RESPONSIBILITIES

The Governors (who are also Directors of Rupert House School for the purposes of Company Law) are responsible for preparing the Report of the Governors (including the Strategic Report) and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Governors to prepare financial statements for each financial period that give a true and fair view of the charitable company’s state of affairs and of its incoming resources and application of resources, including income and expenditure, for the financial period. In preparing these financial statements, the Governors are required to:

The Governors are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the Financial Statements comply with the companies Act 2006. The Governors are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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RUPERT HOUSE SCHOOL

(Registered number: 00569365)

REPORT OF THE GOVERNORS For the year ended 31 July 2022

The Governors confirm that they have complied with the duty in section 17 (5) of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit. The Governors have referred to the guidance in the Charity Commission’s general guidance on Public Benefit when reviewing the School’s aims and objectives and in planning the School’s future activities. In particular, the Governors have considered how planned activities will contribute to the aims and objectives they have set.

The Governors confirm that so far as they are aware, there is no relevant audit information of which the charitable company’s auditor is unaware. They have taken all the steps that they ought to have taken as Governors in order to make themselves aware of any relevant audit information and to establish that the charitable company’s auditor is aware of that information.

Approved by the Board of Governors on 20 March 2023 and signed on their behalf by:

……………………………………………...

C R Lowe Chairman

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RUPERT HOUSE SCHOOL

(Registered number: 00569365)

Report of the Independent Auditor

Opinion

We have audited the financial statements of Rupert House School (the ‘charitable company’) for the year ended 31 July 2022, which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Governors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Governors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Governors’ annual report, other than the financial statements and our auditor’s report thereon. The Governors are responsible for the other information contained within the Governors’ annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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RUPERT HOUSE SCHOOL (Registered number: 00569365)

Report of the Independent Auditor

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Governors’ responsibilities statement set out on page 4, the Governors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Governors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Governors are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Governors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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RUPERT HOUSE SCHOOL (Registered number: 00569365)

Report of the Independent Auditor

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but, is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Deborah Pluck BA FCA (Senior Statutory Auditor) For and on behalf of Wenn Townsend Chartered Accountants and Statutory Auditor Victoria House 10 Broad Street Abingdon Oxon OX14 3LH

Date 27 March 2023

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RUPERT HOUSE SCHOOL (Registered number: 00569365)

STATEMENT OF FINANCIAL ACTIVITIES (incorporating an Income & Expenditure Account) For the year ended 31 July 2022

Notes
INCOME
Income from charitable activities
School fees receivable
4
Ancillary income
5
Donations and grants
6
Investment income
7
Total income
EXPENDITURE
Charitable activities
Total expenditure
8
Net income/(expenditure) and
Net movement of funds in the
period
Funds brought fwd at 1 August
2021
Funds carried fwd at 31 July
2022
17/18		 Total
Total
Unrestricted
Funds
Restricted
Funds
2022
2021
£
£
£
£
2,419,885
-
2,419,885
1,979,996
96,421
-
96,421
133,316
-
-
-
17,829
151
-
151
136
2,516,457
-
2,516,457
2,131,277
2,474,868
1,872
2,476,740
2,093,438
2,474,868
1,872
2,476,740
2,093,438
41,589
(1,872)
39,717
37,839
1,500,759
13,874
1,514,633
1,476,794
1,542,348
12,002
1,554,350
1,514,633

All the amounts derive from continuing activities.

The Statement of Financial Activities includes all gains and losses recognised in the period.

The notes on pages 21 to 30 form part of these Financial Statements.

18

RUPERT HOUSE SCHOOL (Registered number: 00569365)

BALANCE SHEET As at 31 July 2022


Notes
FIXED ASSETS
Tangible Fixed Assets
11
CURRENT ASSETS
Debtors
12
Cash at Bank and in Hand
Creditors
Amounts falling due within one year
13
Net Current Assets
Total Assets less Current Liabilities
Creditors
Amounts falling due after more than one year
14
NET ASSETS
16
FUNDS
Restricted Funds
17
Unrestricted Funds
General Fund
18		 2022
£
£
1,463,957
90,464
595,111
685,575
(352,882)
332,693
1,796,650
(242,300)
1,554,350
12,002
1,542,348
1,554,350		 2022
£
£
1,463,957
90,464
595,111
685,575
(352,882)
332,693
1,796,650
(242,300)
1,554,350
12,002
1,542,348
1,554,350		 2021
£
£
1,444,482
113,078
474,482
587,560
(344,626)
242,934
1,687,416
(172,783)
1,514,633
13,874
1,500,759
1,514,633		 2021
£
£
1,444,482
113,078
474,482
587,560
(344,626)
242,934
1,687,416
(172,783)
1,514,633
13,874
1,500,759
1,514,633
685,575
(352,882)		 587,560
(344,626)
1,796,650
(242,300)		 1,687,416
(172,783)
1,554,350 1,514,633
12,002
1,542,348		 13,874
1,500,759
1,554,350 1,514,633

20 March 2023 and are signed on its behalf by:

……………………………………………………… ……………………………………………. C R Lowe – Governor P E Falinski – Governor

The notes on pages 21 to 30 form part of these Financial Statements.

19

RUPERT HOUSE SCHOOL (Registered number: 00569365)

CASH FLOW STATEMENT As at 31 July 2022

Note
Operating Activities
Cash used in operations
23
Investing Activities
Interest received
Purchase of tangible fixed assets
Net cash used in Investing Activities
Financing Activities
Loan finance received
Loan repayments
Interest paid
Net cash used in Financing Activities
Net movement in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2022
2021
£
£
250,373
191,502
151
136
(157,993)
(35,150)
(157,842)
(35,014)
68,127
-
(34,600)
(1,667)
(5,429)
(515)
28,098
(2,182)
120,629
154,306
474,482
320,176
595,111
474,482

These notes on pages 21 to 30 form part of these Financial Statements.

20

RUPERT HOUSE SCHOOL

(Registered number: 00569365)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

For the year ended 31 July 2022

1 GENERAL INFORMATION

Rupert House School (“the Company”) is a Charitable Company limited by guarantee, domiciled and incorporated in England. The address of the Company’s registered office and principal place of business is 90 Bell Street, Henley-on-Thames, Oxfordshire, RG9 2BN.

A summary of the more important accounting policies including those affecting the most significant items in the Financial Statements is set out below:

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.

The financial statements are prepared on a going concern basis.

Assets and liabilities are initially recognised at historic or transaction value unless otherwise stated.

The financial statements are prepared in sterling (£) and are rounded to the nearest £1.

Going concern

Rupert House School had net current assets of £332,693 (2021: £242,934) and net cash balances of £595,111 (2021: £474,482) at the balance sheet date.

The Governors have reviewed some plausible and significant downsize scenarios and are satisfied that, by taking alternative measures such as by further reducing costs there would be sufficient liquidity available for the School to continue as a going concern.

The Governors have reviewed the latest management accounts including the latest forecast for 2022/23 and the draft 2023/24 Budget, together with the corresponding projected cash flows and funding facilities available to the School. These are based on the latest forecast of pupil numbers, which reflects the change to becoming fully co-educational.

As a result of this review, we have concluded that there is a reasonable expectation that the School has adequate resources to continue in operational existence for the foreseeable future.

We therefore conclude that, while uncertainty exists, it does not pose a material uncertainty which will affect the charity’s ability to continue to meet its obligations and charitable objectives. We therefore believe it is appropriate to use the going concern basis in the preparation of the 2022 Financial Statements.

Fund accounting

General funds are unrestricted funds that are available for use at the discretion of the Governors in furtherance of the general objectives of the Charitable Company and have not been designated for other purposes.

21

RUPERT HOUSE SCHOOL

(Registered number: 00569365)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 July 2022 (Cont’d)

Designated fund comprises funds that have been set aside by the Governors out of unrestricted general funds for specific purposes.

Restricted funds are funds that can only be used for specific restricted purposes as laid down by the donor or the terms of the appeal.

Income

All income is included in the Statement of Financial Activities when the Charitable Company is legally entitled to the income and the amount can be measured reliably.

Fees and similar income

Fees receivable are accounted for in the period in which the service is provided. Fees receivable are stated net of bursaries and discounts allowed. Fees received for education to be provided in future years are carried forward as fees received in advance. These fees are released to the Statement of Financial Activities over the period in which the School provides services in future years.

Income from pupil extras and events

Charges are made to pupils to cover the cost of ‘Extras’ such as milk, exam fees, insurance, clubs, trips and outings. In some cases the costs slightly exceed the charges made and in others there is a small surplus remaining. The intention is for pupils to pay for these costs but not to achieve a profit on recharging.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Certain expenditure is apportioned to categories based on the estimated amount attributable to that activity in the period. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Governance costs comprise the costs of running the charitable company, such as preparing statutory accounts and satisfying public accountability.

Tangible fixed assets

Tangible fixed assets are recorded at their historical cost to the Charitable Company. Depreciation is provided on all tangible assets, except freehold land, in order to write off their cost less residual value of their estimated useful lives at the following annual rates:

Freehold property 2% on cost Improvements to property 10% on cost Plant and machinery 10% on cost Fixtures and fittings 25% on reducing balance Computer equipment rates of 25% and 33.33% on cost, according to asset type Motor vehicles 25% on reducing balance.

In general, individual assets costing below £500 are not capitalised. This also applies to donated assets.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

22

RUPERT HOUSE SCHOOL (Registered number: 00569365)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 July 2022 (Cont’d)

Financial instruments

The School only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Pension schemes

The Charitable Company contributes to a defined contribution scheme with Aviva Group Personal Pensions.

Operating leases

Rentals applicable to operating leases are charged to the Statement of Financial Activities over the period in which the cost is incurred on a straight-line basis.

3 SIGNIFICANT JUDGEMENTS AND ESTIMATES

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Charitable Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Significant estimates included the financial statements includes provision for fee debtors, which require a judgement by management regarding the likelihood of recovery. Management review and assess fee debtors on an individual basis and provide for fee debtors as appropriate. Depreciation is another key estimate in the accounts which requires management judgement over the useful economic life of the assets. The policy is set out in the notes above.

4 FEES RECEIVABLE

Fees receivable consist of:
Gross fees
Less: Total bursaries and discounts given
Less: COVID-19 discounts		 2022
£
2,550,590
(130,705)
-
__
2,419,885		 2021
£
2,146,468
(117,608)
(48,864)
__
1,979,996

23

RUPERT HOUSE SCHOOL

(Registered number: 00569365)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 July 2022 (Cont’d)

5 ANCILLARY INCOME

Registration fees
Other		 Unrestricted
Funds
Restricted
Total
Total
School
Designated
Funds
2022
2021
£
£
£
£
£
4,301
-
-
4,301
8,025
92,120
-
-
92,120
125,291
96,421
-
-
96,421
133,316

6 DONATIONS AND GRANTS

Coronavirus
Job Retention
Scheme grant
Donations		 Unrestricted
Funds
Restricted
Total
Total
School
Designated
Funds
2022
2021
£
£
£
£
£
-
-
-
-
17,084
-
-
-
-
745
-
-
-
-
17,829

7 INVESTMENT INCOME

Unrestricted Funds Restricted Total Total
School Designated Funds 2022 2021
£ £ £ £ £
Bank interest
receivable 151 - - 151 136

24

RUPERT HOUSE SCHOOL

(Registered number: 00569365)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 July 2022 (Cont’d)

8 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITES

Charitable activities
School operating costs
Teaching
Welfare
Premises
Support costs
Governance costs
Bank charges and interest
Bad debts
Total Expenditure		 Staff
Total
Total
Costs
Other
Depreciation
2022
2021
£
£
£
£
£
1,160,311
232,714
31,367
1,424,392
1,290,729
85,245
218,911
21,748
325,904
261,038
-
163,559
78,771
242,330
237,479
281,501
170,444
6,632
458,577
281,569
-
20,205
-
20,205
18,358
-
5,428
-
5,428
515
-
(96)
-
(96)
3,750
1,527,057
811,165
138,518
2,476,740
2,093,438

9 NET EXPENDITURE FOR THE YEAR

Net incoming funds is stated after charging
Depreciation and loss on disposal
Auditors’ remuneration for:
External work
Other work
Trustees indemnity insurance		 2022
2021
£
£
138,518
131,069
8,960
8,150
1,000
1,000
-
-

10 STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Pension contributions
Employee benefits accrual
The average number of employees during the period were:
Teaching
Teachers’ assistants
Administration
Domestic		 2022
2021
£
£
1,164,665
1,048,556
110,862
92,696
139,561
118,981
111,969
97,964
1,527,057
1,358,197
2022
2021
No.
No.
24
21
12
10
7
6
5
4
48
41

25

RUPERT HOUSE SCHOOL

(Registered number: 00569365)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 July 2022 (Cont’d)

10 STAFF COSTS (cont)

The number of employees whose emoluments (excluding pension contributions) amounted to over £60,000 in the period were as follows:

£80,001 – 90,000
£70,001 – 80,000
Total cost of employer’s pension contributions to the individuals above in
the period		 2022
2021
No.
No.
1
1
-
-
2022
2021
£
£
11,736
11,620

The total of employee benefits paid to the senior management team, as disclosed on page 1, in the year totalled £264,818 (2021: £296,615).

During the year no emoluments were paid to the Governors or persons connected with them (2021: £Nil).

11
TANGIBLE FIXED		 11
TANGIBLE FIXED		 ASSETS
Freehold Improvements Plant & Fixtures & Computer Motor Total
Property To Property Machinery Fitting Equipment Vehicles
£ £ £ £ £ £ £
Cost
At 1 August 2021 1,834,444 1,375,564 226,507 257,207 309,358 30,310 4,033,390
Additions - - 12,584 24,996 120,413 - 157,993
Disposals - - - - - - -
At 31 July 2022 1,834,444 1,375,564 239,091 282,203 429,771 30,310 4,191,383
Depreciation
At 1 August 2021 641,547 1,184,690 212,450 242,863 281,206 26,152 2,588,908
Charge for the year 33,954 44,817 4,144 9,835 44,729 1,039 138,518
On disposals - - - - - - -
At July 2022 675,501 1,229,507 216,594 252,698 325,935 27,191 2,727,426
Net Book Value
At 31 July 2022 1,158,943 146,057 22,497 29,505 103,836 3,119 1,463,957
At 31 July 2021 1,192,897 190,874 14,057 14,344 28,152 4,158 1,444,482

Included in cost of land and buildings is freehold land of £136,683 (2021: £136,683) which is not depreciated.

26

RUPERT HOUSE SCHOOL

(Registered number: 00569365)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 July 2022 (Cont’d)

12 DEBTORS
Trade debtors
Prepayments
Other debtors
13 CREDITORS
Amounts falling due within one year
Loans
Trade creditors
Finance lease
Fees paid in advance
Deposits
Taxation and social security
Accruals
Other creditors
14 CREDITORS
Amounts falling due after more than
one year
Fees paid in advance
Finance lease
Loans
Deposits		 2022
2021
£
£
45,277
6,370
40,730
101,694
4,457
5,014
90,464
113,078
2022
2021
£
£
10,000
10,000
59,924
63,044
22,708
-
71,371
97,904
13,800
12,000
31,828
31,028
121,570
114,286
21,681
16,364
352,882
344,626
2022
2021
£
£
72,940
28,340
20,817
-
28,333
38,333
120,210
106,110
242,300
172,783

The loan is from Lloyds Bank under the Government’s Bounce Back Loan Scheme. Repayment commenced in June 2021 over 60 months with interest charged at 2.5%. Final repayment with be in May 2026.

15 OPERATING LEASE COMMITMENT

The following is the total of future minimum lease payments under non-cancellable operating leases payable in each of the following periods:

Amounts due within one year
Amounts due within two to five years		 2022
2021
£
£
-
5,268
-
954

The amount of operating lease to be recognised as an expense during the period was £nil (2021: £4,876).

27

RUPERT HOUSE SCHOOL (Registered number: 00569365)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 July 2022 (Cont’d)

16 ANALYSIS OF NET ASSETS BETWEEN FUNDS

2022
Restricted Funds
Unrestricted Funds
General Reserves
2021
Restricted Funds
Unrestricted Funds
General Reserves
17 RESTRICTED
FUNDS
2022
Fixed assets fund
Parental donations
Kirkham prize fund
Pre-prep Creative Arts Prize
2021
Fixed assets fund
Parental donations
Kirkham prize fund
Pre-prep Creative Arts Prize		 Balance
1 August
2021
£
12,871
323
600
80		 Fixed
Net Current
Long Term
Assets
Assets
Liabilities
Total
£
£
£
£
10,999
1,003
-
12,002
1,452,958
331,690
(242,300)
1,542,348
1,463,957
332,693
(242,300)
1,554,350
Fixed
Net Current
Long Term
Assets
Assets
Liabilities
Total
£
£
£
£
12,871
1,003
-
13,874
1,431,611
241,931
(172,783)
1,500,759
1,444,482
242,934
(172,783)
1,514,633
Balance
31 July
Income
Expenditure
Transfers
2022
£
£
£
£
-
(1,872)
-
10,999
-
-
-
323
-
-
-
600
-
-
-
80
13,874 -
(1,872)
-
12,002
Balance
1 August
2020
£
16,615
323
600
80		 Balance
31 July
Income
Expenditure
Transfers
2021
£
£
£
£
-
(3,744)
-
12,871
-
-
-
323
-
-
-
600
-
-
-
80
-
(3,744)
-
13,874
17,618

The restricted funds relate to donations given for specific projects, viz the purchase of fixed assets for use by the School, parental donations for the assistance of pupils and the payment of specific school expenses.

28

RUPERT HOUSE SCHOOL

(Registered number: 00569365)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 July 2022 (Cont’d)

17 RESTRICTED FUNDS (cont’d)

Fixed assets fund

These were donations that the school received that were used to purchase the property known as Courtneys. The annual movement represents depreciation in line with the property depreciation as a whole.

Parental donations

This was a donation received from an individual to assist with ‘financially strained pupils’.

Kirkham prize fund

This was a grant received from the Hon Mrs Kirkham to set up a prize fund to be called ‘The William Kirkham Prize’, for a boy who has persevered with his handwriting in year 2’.

Pre-prep Creative Arts Prize

This was an amount donated by a teacher who is no longer employed at Rupert House School to provide prizes in future years.

18 UNRESTRICTED FUNDS

2022
Balance
1 August
2021
Income
Expenditure
General funds
1,498,249
2,516,457
(2,474,868)
Designated fund –
Bursary
2,510
-
-
1,500,759
2,516,457
(2,474,868)
2021
Balance
1 August
2020
Income
Expenditure
General funds
1,457,411
2,130,532
(2,089,694)
Designated fund -
Bursary
1,765
745
-
1,459,176
2,131,277
(2,089,694)
19
CAPITAL COMMITMENTS
Contracted but not provided for in the financial statements		 Balance
1 August
2021
Income
Expenditure
1,498,249
2,516,457
(2,474,868)
2,510
-
-		 Balance
31 July
Transfers
2022
-
1,539,838
-
2,510
1,500,759
2,516,457
(2,474,868)		 -
1,542,348
Balance
1 August
2020
Income
Expenditure
1,457,411
2,130,532
(2,089,694)
1,765
745
-		 Balance
31 July
Transfers
2021
-
1,498,249
-
2,510
1,459,176
2,131,277
(2,089,694)		 -
1,500,759
2022
2021
£
£
-
34,800

20 TAXATION

The Charitable Company is a registered charity and as such is entitled to tax exemptions on income and gains, properly applied for its charitable purposes.

29

RUPERT HOUSE SCHOOL

(Registered number: 00569365)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 July 2022 (Cont’d)

21 RELATED PARTY TRANSACTIONS

One Governor had children attending the School. The fees charged for the school year were based on arms’ length transactions which were in place prior to the parent being appointed as Governor. All Governors give their time freely and no remuneration was paid in the year. No Governor or person connected with a Governor received any benefit from means tested bursaries.

22 PENSIONS

Defined contribution scheme

The School makes contributions to an Aviva Group Personal Pension Scheme, which is a defined contribution scheme, for both teaching and non-teaching staff. Employers’ contributions totalling £139,561 (2021: £118,981) were payable to the scheme for the year. At the year-end £20,784 (2021: £16,039) was accrued in respect of contributions to this scheme.

23 RECONCILIATION OF NET INCOME TO NET CASH GENERATED FROM OPERATIONS

Net movement in funds
Adjustments for:
Depreciation of tangible assets
Interest receivable
Interest payable
Decrease/(Increase) in debtors
(Decrease)/Increase in creditors		 £
£
2022
2021
39,717
37,839
138,518
131,069
(151)
(136)
5,428
515
22,614
84,602
44,247
(62,387)
250,373
191,502

30

RUPERT HOUSE SCHOOL

INCOME AND EXPENDITURE ACCOUNT For the year ended 31 July 2022

2022 2021

INCOME
Fee Income
Tuition fees
Activities, trips and outings
Registration fees
Deposits retained
Government grants
Sundry income
Other Income
Donations
Interest receivable
Total Income for the Year
Less: Expenditure for the Year
Surplus for the Year		 £
2,419,885
37,610
4,301
1,700
-
52,810		 £
2,516,306
151		 £
1,979,996
23,270
8,025
4,900
17,084
97,121		 £
2,130,396
881
-
151		 745
136
2,516,457
(2,476,740)
39,717		 2,131,277
(2,093,438)
37,839

This page does not form part of the statutory Financial Statements

31

RUPERT HOUSE SCHOOL

INCOME AND EXPENDITURE ACCOUNT For the year ended 31 July 2022

EXPENDITURE
Educational
Salary costs
Teaching material
Direct costs
Courses/Inset
Depreciation
Welfare
Salary costs
Provisions and housekeeping
Laundry and cleaning
Depreciation
Premises
Rates and water
Insurance
Light and heat
Repairs
Depreciation
Support
Salary costs
Insurance
Telephone and internet charges
Postage and stationery
Advertising and recruitment
SD Worx – Payroll Bureau
Marketing
Bursary costs
Legal and professional charges
Auditors’ remuneration
Depreciation
Finance costs
Bank charges
Loan interest
Lease interest
Bad debts
Total Expenditure for the Year		 2022
£
£
1,160,311
87,343
71,120
74,251
31,367
1,424,392
85,245
170,730
48,181
21,748
325,904
9,465
21,532
68,843
63,719
78,771
242,330
281,501
10,245
71,545
1,472
17,533
4,707
31,315
2,020
41,852
9,960
6,632
478,782
332
1,095
4,001
(96)
5,332
2,476,740		 2022
£
£
1,160,311
87,343
71,120
74,251
31,367
1,424,392
85,245
170,730
48,181
21,748
325,904
9,465
21,532
68,843
63,719
78,771
242,330
281,501
10,245
71,545
1,472
17,533
4,707
31,315
2,020
41,852
9,960
6,632
478,782
332
1,095
4,001
(96)
5,332
2,476,740		 2021
£
£
1,073,790
72,685
95,317
26,263
22,674
1,290,729
62,591
130,192
52,535
15,720
261,038
9,587
12,694
34,824
92,493
87,881
237,479
221,816
9,208
1,744
689
1,509
4,953
21,942
290
23,832
9,150
4,794
299,927
311
204
-
3,750
4,265
2,093,438		 2021
£
£
1,073,790
72,685
95,317
26,263
22,674
1,290,729
62,591
130,192
52,535
15,720
261,038
9,587
12,694
34,824
92,493
87,881
237,479
221,816
9,208
1,744
689
1,509
4,953
21,942
290
23,832
9,150
4,794
299,927
311
204
-
3,750
4,265
2,093,438
85,245
170,730
48,181
21,748		 62,591
130,192
52,535
15,720
9,465
21,532
68,843
63,719
78,771		 9,587
12,694
34,824
92,493
87,881
281,501
10,245
71,545
1,472
17,533
4,707
31,315
2,020
41,852
9,960
6,632		 221,816
9,208
1,744
689
1,509
4,953
21,942
290
23,832
9,150
4,794
332
1,095
4,001
(96)		 311
204
-
3,750
2,476,740 2,093,438

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