##
##
##
|Governors||||||||
|---|---|---|---|---|---|---|---|
||||||J P Bennett (Chairman)|||
||||||AJ Bark (Retired|28 March 2023)||
||||||CJ Easmon|||
||||||The Rt Rev C Fletcher|||
||||||R Gunn (retired 28||March 2023)|
||||||WE Hart|||
||||||WWLau|||
||||||J Norris|||
||||||A Nott (Appointed|6September 2023)||
||||||PA Tolley|||
||||||K Walton|||
||||||M Wannell
(Appointed 29 November 2022)|||
|Secretary|||||H J Stapleton|||
|Officers (Key management||||personnel)|DJ Ettinger||Headmaster|
||||||J C Stevens||Deputy Headmaster|
||||||A E Uglow||Director ofStudies|
||||||H J Stapleton||Bursar|
||||||N A Black||Head of Prep School|
||||||GJSheer||Director ofCo-Curricular|
||||||N Wynne||Director of Development|
|Registered|Office||||Cokethorpe
School|||
||||||Witney|||
||||||Oxon
OX29 7PU|||
|Company|Registration||Number||00767293|||
|Charity Registration||Number|||309650|||
|Auditor|||||Wenn Townsend|||
||||||30St Giles|||
||||||Oxford
OX1 3LE|||
|Bankers|||||National
Westminster
Bank pic|||
||||||21-23 High Street|||
||||||Witney|||
||||||Oxon
OX28 6HW|||
|Solicitors|||||Veale Wasbrough|Vizards||
||||||Orchard
Court|||
||||||Orchard
Lane|||
||||||Bristol|||
||||||BS15WS|||
##
##
|||Pages|
|---|---|---|
|Governors'
annual
report||1-13|
|Independent
auditor's|report|14-15|
|Statement offinancial|activities||
|Balance sheet||17|
|Cash flow statement||18|
|Notes to the financial|statements|19-31|
##
##
##
##
##
|||||
|---|---|---|---|
|The following|Governors|held office during the year|ommittee Res o sibi|
|J P Bennett (Chairman)|||Finance and Estates/Education/Nominations|
|AJBark (retired 28 March 2023)|||Finance and Estates/Nominations|
|CJ Easmon|||Education|
|The Rt Rev C Fletcher (Vice Chairman)|||Education/Nominations|
|R Gunn (retired 28 March||2023)|Education/Nominations|
|W E Hart|||Finance and Estates|
|WWLau|||Education|
|J Norris|||Finance and Estates/Nominations|
|P A Tolley|||Finance and Estates|
|KWalton|||Finance and Estates/Education|
|M Wannell|||Finance and Estates/Nominations|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|Total|Total|
||||||6|||6|
|||||Note|||||
|Income and endowments||from:|||||||
|Income from charitable||activities|||||||
|Fees|||||12,960,322||12,960,322|12,415,833|
|Other income|||||146,128|68,123|214,251|149,270|
|Interest receivable|||||30,391||30,391|582|
|Total income|||||13,136,841|68,123|13,204,964|12,565,685|
|Expenditure
on:|||||||||
|Raising funds:|||||||||
|Financing costs|||||69,108||69,108|54,951|
|Fundraising
costs|||||84,554|1,225|85,779|91,651|
|Total costs ofraising|funds||||153,662|1,225|154,887|146,602|
|Charitable
expenditure|||||||||
|Teaching|||||6,875,770||6,875,770|6,543,714|
|Support and governance|||||1,642,672||1,642,672|1,598,973|
|Welfare|||||919,978||919,978|813,181|
|Premises|||||1,627,013|695|1,627,708|1,327,892|
|Bursaries and scholarships|||awarded||1,447,544|14,326|1,461,870|1,582,737|
|Total costs ofcharitable||expenditure|||12,512,977|15,021|12,527,998|11,866,497|
|Total expenditure|||||12,666,639|16,246|12,682,885|12,013,099|
|Net income|||||470,202|51,877|522,079|552,586|
|Transfers
between
funds||||14|||||
|Net movement
in funds|||||470,202|51,877|522,079|552,586|
|Reconciliation offunds|||||||||
|Fund balances
brought|forward||||||||
|at 1 September 2022|||||7,915,929|148,629|8,064,558|7,511,972|
|Net movement
in funds|||||470,202|51,877|522,079|552,586|
|Fund balances carried forward|||at||||||
|31 August 2023||||14/15|8,386,131|200,506|8,586,637|8,064,558|
##
##
##
|||||Coketh|orpe
Educational
Trust|orpe
Educational
Trust|Limited|||
|---|---|---|---|---|---|---|---|---|---|
||||||Balance Sheet|||||
||||||31 August 2023|||||
||||||||2023||2022|
||||||||E||E|
||||||Note|||||
|Fixed assets||||||||||
|Tangible|assets||||||9,445,291||9,322,116|
|Current assets||||||||||
|Stock|||||8|1,318||2,199||
|Debtors|||||9|449,461||347,126||
|Cash at bank||and||in hand||3,266,149||3,066,297||
|||||||3,716,928||3,415,622||
|Creditors: Amounts|||falling due|||||||
||within|||one year|10|(2,390,843)||(2,330,818)||
|Net current assets|||||||1,326,085||1,084,804|
|Total assets|less current liabilities||||||10,771,376||10,406,920|
|Creditors: Amounts|||falling due|||||||
||after||one year||||(2,184,739)||(2,342,362)|
|Net assets|||||||8,586,637||8,064,558|
|Funds||||||||||
|Restricted|||||14/15||200,506||148,629|
|Unrestricted|-|general|||14/15||1,657,048||1,150,112|
|||designated|||14/15||6,729,083||6,765,817|
|Total funds|||||||8,586,637||8,064,558|
##
||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|
||||||||6||6|
|Reconciliation
ofnet income|||to net cash flow|||||||
|from operating
activities:||||||||||
|Net income for year||||||522,079||552,586||
|Depreciation||||||423,525||407,490||
|Interest receivable||||||(30,391)||(582)||
|Interest payable||||||65,909||54,736||
|Profit on disposal offixed assets||||||||(3,000)||
|Stocks movement||||||881||(17)||
|Debtors movement||||||(102,335)||(63)||
|Creditors
movement
Fees in advance
movement||||||221,051
(139,425)||(11,962)
110,399||
|Net cash provided|by operating|||activities|||961,294||1,109,587|
|Net cash flow from|investing||activities:|||||||
|Payments
to acquire
Receipts from sales|tangible fixed assets
oftangible fixed assets|||||(546,700)||(1,379,699)
3,000||
|Interest received||||||30,391||582||
||||||||(516,309)||(1,376,117)|
|Net cash flow from|financing||activities:|||||||
|Receipts from issue|ofnew long term loans|||||||1,456,752||
|Repayment
of loans||||||(179,224)||(62,585)||
|Interest paid||||||(65,909)||(54,736)||
||||||||(245,133)||1,339,431|
|Increase in cash|||||||199,852||1,072,901|
|Net decrease
in cash and cash||||equivalents|||199,852||1,072,901|
|Cash and cash equivalents||at 1 September|||2022||3,066,297||1,993,396|
|Cash and cash equivalents||at 31 August 2023|||||3,266,149||3,066,297|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||2023f|2022|
|---|---|---|---|---|---|
|Administrative|staff costs|||877,440|835,794|
|Computer
maintenance||||153,145|161,326|
|Postage, stationery,
telephone||and other administrative|costs|51,329|36,780|
|Advertising
for staff and promotion||||156,754|176,597|
|Insurances||||92,986|90,219|
|Travel||||215,159|223,839|
|Depreciation|ofvehicles|||26,935|26,516|
|Governance|costs (see note 4)|||68,924|47,902|
|||||1,642,672|1,598,973|
|4.|Governance costs|Governance costs|Governance costs||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
|||||||||8|
||Auditor's|remuneration|||-|audit fees|9,930|9,938|
|||||||other services|500|500|
||Legal and||professional|fees|||55,780|36,177|
||Governors'||expenses||||2,714|1,287|
||||||||68,924|47,902|
##
##
|||||||2023f||2022f|
|---|---|---|---|---|---|---|---|---|
|Staff costs|||||||||
|Wages and salaries||||||6,866,872||6,230,615|
|Social security costs||||||694,681||666,297|
|Pensions||||||1,048,129||1,062,600|
|||||||8,609,682||7,959,512|
||||||2023|2023|2022|2022|
||||||FTE|Number|FTE|Number|
|Average number
employed||including||Governors|164|223|160|218|
|Number ofemployees|earning||within|the following|bands:||||
|||||||2023||2022|
|6 60,001-6 70,000
6 70,001-6 80,000
8 80,001-6 90,000|||||||||
|6 90,001 - 2100,000|||||||||
|6110,001 - 6120,000|||||||||
|6150,001 - 6160,000|||||||||
##
##
##
##
##
|Tangible fixed assets||||||
|---|---|---|---|---|---|
||Assets under|Freehold|Furniture
and|Motor||
||construction|Propertyf|equipment|vehicles|Total|
|1 September 2022|355,126|12,340,469|2,207,241|685,287|15,588,123|
|Additions|219,103||325,497|2,100|546,700|
|Transfer|(307,213)|96,567|210,646|||
|Disposals|||(296,025)||(296,025)|
|31 August 2023|267,016|12,437,036|2,447,359|687,387|15,838,798|
|Depreciation||||||
|1 September 2022||3,731,794|1,907,614|626,599|6,266,007|
|Charge for year||254,112|142,478|26,935|423,525|
|On disposals|||(296,025)||(296,025)|
|31 August 2023||3,985,906|1,754,067|653,534|6,393,507|
|Net book value||||||
|31 August 2023|267,016|8,451,130|693,292|33,853|9,445,291|
|31August 2022|355,126|8,608,675|299,627|58,688|9,322,116|
##
|8.|Stocks||||
|---|---|---|---|---|
||||2023|2022|
|||||6|
||Stock - food||1,318|2,199|
|9.|Debtors||||
||||2023|2022f|
||Trade debtors||297,302|213,420|
||Other debtors||40,499|8,021|
||Prepayments|and accrued income|111,660|125,685|
||||449,461|347,126|
##
##
##
|Creditor|s: amo|unts
falling due within one year|||
|---|---|---|---|---|
||||2023|2022|
||||K|6|
|Bank loans (note 13)|||250,340|250,340|
|Trade creditors|||215,236|225,685|
|Other taxation||and social security|172,622|162,257|
|Other creditors|||185,223||
|Accruals|||192,985|230,527|
|Finance|lease|(note 16)|35,405||
|Autumn|fees in|advance|1,146,799|1,300,782|
|Deferred|fee income (note 12)||192,233|161,227|
||||2,390,843|2,330,818|
##
|Creditor|s:
amounts|falling due after one year|||
|---|---|---|---|---|
||||2023
6|2022f|
|Bank loans (note 13)|||1,617,042|1,796,266|
|Finance|lease (note|16)|38,623||
|Parents'|refundable|deposits|303,486|304,060|
|Deferred|fee income|(note 12)|225,588|242,036|
||||2,184,739|2,342,362|
|Deferred|income||||
||||2023|2022|
|||||E|
|Balance|at 1 August|2022|403,263|669,830|
|Fees in advance receipts|||251,205|49,779|
|Released to incoming||resources|(236,647)|(316,346)|
|Balance|at 31 August|2023|417,821|403,263|
|Included|in current
liabilities||192,233|161,227|
|Included|in creditors|due after more than one year|225,588|242,036|
##
##
##
|Bank loans||||
|---|---|---|---|
|The aggregate|amount ofbank loans are as follows:|||
|||2023|2022|
||||6|
|Due within one year or less, or on demand||250,340|250,340|
|Due between|one and two years|250,340|250,340|
|Due between|two and five years|751,020|751,020|
|Due after five|years|615,682|794,906|
|Total due||1,867,382|2,046,606|
|Included
in current
liabilities||250,340|250,340|
|Included
in creditors due after more than one year||1,617,042|1,796,266|
##
|2023|||At
01/09/2022|Incoming
resources|Outgoing
resources|Fund
transfer|At
31/08/2023|
|---|---|---|---|---|---|---|---|
|||||6|||8|
|Restricted funds:||||||||
|Academic achievement
School equipment||awards|33,588|1,496|(300)||34,783|
|(including
land)|||115,041|66,627|(15,946)||165,723|
|Total restricted funds|||148,629|68,123|(16,246)||200,506|
|Unrestricted
funds:||||||||
|General funds
Designated
fund|||1,150,112
6,765,817|13,136,841|(12,666,639)|36,731
(36,731)|1,657,048
6,729,083|
|Total unrestricted|funds||7,915,929|13,136,841|(12,666,639)||8,386,131|
|Total funds|||8,064,558|13,204,964|(12,682,885)||8,586,637|
##
##
##
##
|Movement
in fund|s|(co|ntinue|d)||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||At|Incoming|Outgoing|Fund||At|
|2022|||||01/09/2021||resources|resources|transfer|31/08/2022||
|||||||8|8||||8|
|Restricted funds:||||||||||||
|Academic achievement|||awards|||35,576|1,686|(3,674)|||33,588|
|School equipment||||||||||||
|(including
land)||||||78,359|37,295||(613)||115,041|
|Total restricted funds||||||113,935|38,981|(3,674)|(613)||148,629|
|Unrestricted
funds:||||||||||||
|General funds|||||1,291,067||12,526,704|(12,009,425)|(658,234)|1,150,112||
|Designated
fund|||||6,106,970||||658,847|6,765,817||
|Total unrestricted|funds||||7,398,037||12,526,704|(12,009,425)|613|7,915,929||
|Total funds|||||7,511,972||12,565,685|(12,013,099)||8,064,558||
|Restricted funds comprise the following:||||||||||||
|||||||||2023
8||2022
f||
|Academic achievement|||awards:|||||||||
|Cokethorpe
Society||—Subscriptions|||Fund|||34,783|||33,587|
|School equipment||(including||land):||||||||
|Annual
Fund|||||||67,537||69,458|||
|Ice Cream Machine|||||||1,458||1,823|||
|Development
ofScience|||||||10,000||10,000|||
|Bursary fund|||||||12,901||26,562|||
|Radio studio|||||||7,199||7,199|||
|Sports fund|||||||17,234|||||
|Equipment
fund|||||||49,394|||||
|||||||||165,723||115,042||
|||||||||200,506||148,629||
|Designated
funds|comprise the following:|||||||||||
|Mansion
Stonework||||||||145,335||145,335||
|Boathouse|||||||||||58,414|
|Property||||||||6,583,748||6,562,068||
|||||||||6,729,083||6,765,817||
##
##
##
##
##
##
##
##
|Analysis of net|assets betwee|n funds|||||
|---|---|---|---|---|---|---|
|||Unrestricted||Designated|Restricted|Total|
|||Funds||funds|funds|funds|
||||||E|6|
|Fund balances at|31 August 2023 are represented||by:||||
|Tangible fixed assets||976,613||8,451,130|17,548|9,445,291|
|Cash at bank and|in hand|2,937,856||145,335|182,958|3,266,149|
|Other net current|liabilities|(1,689,724)||(250,340)||(1,940,064)|
|Long term liabilities||(567,697)||(1,617,042)||(2,184,739)|
|||1,657,048||6,729,083|200,506|8,586,637|
|Fund balances at|31 August 2022 are represented||by:||||
|Tangible
fixed assets||695,528||8,608,675|17,913|9,322,116|
|Cash at bank and|in hand|2,731,833||203,748|130,716|3,066,297|
|Other net current|liabilities|(1,731,153)||(250,340)||(1,981,493)|
|Long term liabilities||(546,096)||(1,796,266)||(2,342,362)|
|||1,150,112||6,765,817|148,629|8,064,558|
##
##
##
##
|Finance leases|||
|---|---|---|
|The aggregate
amount offinance leases are as follows:|||
||2023|2022|
||6||
|Due within one year or less, or on demand|35,405||
|Due between
one and two years|38,623||
|Total due|74,028||
|Included
in current
liabilities|35,405||
|Included
in creditors due after more than one year|38,623||
##
|The total future
minimum
lease payments
under|non-cancellable
operating
leases ar|e payable as fo|
|---|---|---|
||2023|2022|
||6|6|
|Equipment:|||
|Within one year|134,291|136,442|
|Between one and five years|38,201|175,753|
||172,492|312,195|
||2023|2022|
||6|6|
|Land and buildings:|||
|Within one year|39,058|39,058|
|Between one and five years|48,444|84,374|
|Later than five years|53,188|56,316|
||140,690|179,748|
##
##
##
##
##
##
|Statement offinancial activities —comparative|Statement offinancial activities —comparative|Statement offinancial activities —comparative|figures by fund-type|||
|---|---|---|---|---|---|
|Year ended 31August 2022||||||
||||Unrestricted|Restricted|2022|
||||Funds|Funds
6|Totalf|
|Income and endowments|from:|||||
|Income from charitable|activities|||||
|Fees|||12,415,833||12,415,833|
|Other income|||110,289|38,981|149,270|
|Interest receivable|||582||582|
|Total income|||12,526,704|38,981|12,565,685|
|Expenditure
on:||||||
|Raising funds:||||||
|Financing costs|||54,951||54,951|
|Fundraising
costs|||91,651||91,651|
|Total costs ofraising funds|||146,602||146,602|
|Charitable
expenditure||||||
|Teaching|||6,543,714||6,543,714|
|Support and governance|||1,595,299|3,674|1,598,973|
|Welfare|||813,181||813,181|
|Premises|||1,327,892||1,327,892|
|Bursaries and scholarships||awarded|1,582,737||1,582,737|
|Total costs ofcharitable|expenditure||11,862,823|3,674|11,866,497|
|Total expenditure|||12,009,425|3,674|12,013,099|
|Net income|||517,279|35,307|552,586|
|Transfers
between
funds|||613|(613)||
|Net movement
in funds|||517,892|34,694|552,586|
|Reconciliation
offunds||||||
|Fund balances
brought
forward||||||
|at 1 September 2021|||7,398,037|113,935|7,511,972|
|Net movement
in funds|||517,892|34,694|552,586|
|Fund balances carried forward||at||||
|31 August 2022|||7,915,929|148,629|8,064,558|