##
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##
##
|Governors,
Officers and Advisers||||
|---|---|---|---|
|Governors'
report||||
|Statement
ofaccounting
and reporting|responsibilities|||
|Independent
auditor's
report to the members||ofSt Edward's School|20|
|Group statement
offinancial
activities|||23|
|Group and School balance sheet|||24|
|Group statement
ofcash flows||||
|Notes to the financial statements|||26|
##
##
##
|harity law. The Go|ver|nors
who ser|nors
who ser|ved
in offic|e d|uring|the y|ear|and|subseque|ntly
a|re detailed|bel|ow:|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Name||Date of||1|2|3|4|5|6|7
8|9|10|||
|||chan
e|||||||||||||
|C I M Jones, MA,||||||v'|v||||||||
|FRSA|||||||||||||||
|J A0Adedoyin,
MA,|||||||||||||||
|MBA|||||||||||||||
|Mrs SAinsworth,|||||||||||||||
|MA, MSc|||||||||||||||
|Mrs CMBa
s, BSc|||||||||||||||
|J M Burrows,
MA|||||||||||||||
|Mrs H Cook, BEd||Appointed||29|||||||||||
|||June 2022|||||||||||||
|Ven JP M Chaffey||Appointed||5|||||||||||
|CB||Se t 2022|||||||||||||
|Mrs G ASDennis,|||||||||||||||
|BA, MA|||||||||||||||
|Dr L L Fawcett|||||||||||||||
|Posada
MA, DPhil|||||||||||||||
|DJJackson, LLB|||||||||||||||
|K M Macritchie,
MA,|||||||||||||||
|BD, LLB|||||||||||||||
|Dr C Robertson,|||||||||||||||
|MBChB,|||||||||||||||
|MRCPC(Paeds),|||||||||||||||
|FRCPCH|||||||||||||||
|M W Roulston,
MBE,|||||||||||||||
|Med|||||||||||||||
|M P Stanfield||Retired 28|||||||||||||
|||June 2022|||||||||||||
|EW Stephenson,|||||||||||||||
|MA, FCT|||||||||||||||
|Dr P A Winston,
MA,|||||||||||||||
|PBD|||||||||||||||
|General Purposes
Committee
Education Committee|||||||7
8||Nominations
& Remuneration
Bursary Committee||||Committee||
|Compliance
Safeguarding
Investment|8 Risk Committee
8 Well-Being Committee
Committee||||||9
10
11||Beyond Teddies Committee
The North Wall Trust
St Edward's
School International|||||Limited|
|Audit Review Committee|||||||||||||||
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||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|||
||||Year|Year|Year|Year|13Months|
||||2022|2022|2022|2022|2021|
|||Note|6'000|6'000|6'000|6'000|6'000|
|Income from:||||||||
|Charitable
activities:
School fees receivable
Ancillary
trading
income
The North Wall Trust||3
4
27|26,710
1,070
182|||26,710
1,070
189|23,310
1,152
68|
|Other trading activities:
Letting ofSchool facilities
Other activities
Job Retention Scheme Grant:|||793
123|||793
123|50
78
519|
|investments:
Investment
income
Bank interest|||44
10|106||150
10|208
6|
|Voluntary sources:
Donations
and legacies
Total income:|||404
29,336|228
341||632
29,677|305
25,696|
|Expenditure
on:||||||||
|Charitable activities:
Education of pupils
The North Wall Trust||27|25,941
454|46||25,941
500|24,425
399|
|Other trading activities:
Letting ofSchool facilities|||792|||792||
|investments:
Financing costs|||1,448|||1,448|1,139|
|Voluntary
sources:||||||||
|Fundraising
& Investment|||104|24|2|130|149|
|Management
Total expenditure:|||28,739|70|2|28,811|26,114|
|Net income for the period before
transfers
and investment
gains
Gains/(Losses)
on investments
Net income for the period|||597
132
465|271
300
(29)|(2)
26
(28)|866
458
408|(418)
1,329
911|
|Transfers
between funds||19|41|(41)||||
|Losses on revaluation
of property
Net movement
in funds||19|505|(69)|(28)|408|911|
|Fund balances at start of|period|19|65,326|4,871|404|70,601|69,690|
|Fund balances at end ofperiod||19|65,832|4,801|376|71,009|70,601|
##
##
##
||||Group
2022|Group
2021|School
2022|School
2021|
|---|---|---|---|---|---|---|
|||Note|F'000|6'000|6'000|6000|
|Fixed assets
Tangible assets
Investments
in securities||10
11|113,340
6,272|108,406
6,619|113,340
6,272|108,406
6,619|
||||119,612|115,025|119,612|115,025|
|Current assets
Stocks
Debtors
Investments
cash deposits
Cash
in hand
and at bank||12
11|22
8,447
1,760
2,853|18
7,157
1,750
5,564|22
8,482
1,760
2,759|18
7,155
1,750
5,529|
||||13,082|14,489|13,023|14452|
|Current
liabilities
Creditors
payable
within one year
Net current assets/(liabilities)||13|~74377
~1.295|~72255
2,234|~14350
~1,327|~12,277
2,175|
|Total assets less current|liabilities||118,317|117,259|118,285|117,200|
|Creditors:
Amounts
falling|due|14|(47,259)|(46,583)|(47,259)|(46,583)|
|after more than one year|||||||
|Provisions
for liabilities
charges|and|17|(49)|(75)|(49)|(75)|
|Net assets|||71,009|70,601|70,977|70,542|
|Represented
by:
Share capital
Endowed
funds
Restricted funds
Revaluation
reserve
Other unrestricted
funds||18
19
19
19
19|376
4,801
29,249
36,583|404
4,871
29,249
36,077|376
4,795
29,249
36,557|404
4,826
29,249
36,063|
||||71.DD9|70.501|70,977|70,542|
##
##
|||||2022|2022|2021|2021|
|---|---|---|---|---|---|---|---|
||||Note|6'000|L"000|R'000|6'000|
|Net cash flow from operating
activities|||21||3,308||1,689|
|Cash flows from investing||||||||
|activities||||||||
|Tangible assets - payments
for
assets||||(6,324)||(11,936)||
|Tangible assets - proceeds
on|sale|of||||||
|assets||||||||
|Investments
—receipts (payments)
short-term
deposits||of||(10)||(1,750)||
|Investments
- payments
for
investments||||(4,893)||(794)||
|Investments
- proceeds of investment
sales||||4,782||626||
|Investments
-investment
income||||150||208||
|Net cash provided
by I(used in)
investing
activities|||||(6,295)||(13,646)|
|Cash flows from financing||||||||
|activities||||||||
|Loan Funding||||||350||
|Bond Funding||||(15)||7,931||
|Advance Fees - new amounts
received||||2,014||1,520||
|Advance Fees - used towards
School's fees||||(1,592)||(1,205)||
|Advance Fees - amount
offees
repaid||||(131)||(66)||
|Net cash provided
by I(used in)|||||276||8,530|
|financing
activities||||||||
|Increase I(decrease) in cash and||||||||
|cash equivalents||||||||
|in the period|||||(2,711)||(3,427)|
|Cash and cash equivalents
beginning
of period|at||||5,564||8,991|
|Cash and cash equivalents
of period|at end||||2,853||5,564|
##
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##
||Freehold
buildings|50to 100years|||
|---|---|---|---|---|
||Refurbishments
and sports pitches|5to 20 years|||
||Staff housing|Nil, as have residential
property
value|||
||Equipment,
fixtures and fittings|3to 10years|||
||Motor vehicles|5years|||
||Assets
in the course of construction|Not depreciated,
as not yet brought|into use||
|The depreciation
at the end oftheir|charge on Staff Housing
is nil as the
useful economic
life to the Company|Governors
are of the opinion that the residual
will be at least the balance sheet value.||value|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|3.|Charitable|activities —S|chool fe|es receiva|ble|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||6'000|6'000|
|Gross|school fees|receivable||||30,231|26,803|
|Less:|Scholarships|and bursaries||||(3,537)|(3,509)|
|Add: Scholarships||and bursaries|paid from|Restricted|or Other|16|16|
|Funds||||||||
|||||||26,710|23,310|
|4.|Charitable|activities —Ancillary||charitable|activities|||
|||||||2022|2021|
|||||||6'000|f.'000|
|Additional
tuition and other fees||||||778|763|
|Entrance fees and||registration fees||||292|389|
|||||||1„070|1„152|
|5.|Investment|income||||||
|||||||2022|2021|
|||||||6'000|6'000|
|Income from securities —equities||||||150|148|
|Income from securities —fixed interest|||||||60|
|||||||150|208|
##
##
##
##
|6.
Donations
and legacies|||
|---|---|---|
||2022|2021|
||R'000|6'000|
|Donations|216|100|
|Legacies|416|205|
||632|305|
|7.
Financing costs|||
||2022|2021|
||6'000|6'000|
|Pension scheme financing costs (Note 24)|||
|Financing costs accrued to Advance Fee contracts (Note 16)
Interest payable on bank loans and overdraft
Interest payable on bond|24
144
1,280|20
194
925|
||1,448|1,139|
##
||||Staff|Deprec-|Other|Total|Total|
|---|---|---|---|---|---|---|---|
||||Costs|iation|Operating|2022|2021|
||||||Costs|||
|Year ended 31August 2022|||f.'000|6'000|r.'000|6'000|6'000|
|Charitable|activities:|||||||
|Teaching|||9,787|231|1,656|11,674|11,218|
|Welfare|||3,061||1,910|4,971|5,086|
|Premises|||1,287|1,159|3,061|5,507|5,218|
|Support and governance|||1,938||1,851|3,789|2,903|
|Awards
and prizes||||||||
|North Wall|Trust||258||242|500|399|
|Raising funds:||||||||
|Letting ofSchool facilities|||373||419|792|2|
|Financing costs (Note 7)|||||1,448|1,448|1,139|
|Investment|management|fees|||37|37|49|
|Fundraising|||81||12|93|100|
||||16,785|1,390|10,635|28,811|26,114|
##
##
##
##
||||Staff|Deprec-|Other|Total|
|---|---|---|---|---|---|---|
||||Costs|iation|Operating|2021|
||||||Costs||
|13Months ended 31August 2021|||6'000|S'000|K'000|6'000|
|Charitable|activities:||||||
|Teaching|||9,623|217|1,378|11,218|
|Welfare|||3,462||1,624|5,086|
|Premises|||1,212|1,244|2,762|5,218|
|Support and governance|||1,728||1,175|2,903|
|Awards and prizes|||||||
|North
Wall|Trust||260||139|399|
|Raising funds:|||||||
|Letting of|School facilities|||||2|
|Financing|costs (Note 7)||||1,139|1,139|
|Investment|management|fees|||49|49|
|Fundraising|||89||11|100|
||||16,376|1,461|8,277|26,114|
||||2022|2021|
|---|---|---|---|---|
||||K'000|6'000|
|Included
in support costs are:|||||
|Operating
leases|||137|250|
|Reimbursement|of personal expenses to Governors||||
|Remuneration|paid to Auditor for audit ofaccounts||29|20|
|Remuneration|paid to Auditor for taxation compliance|services|||
|Remuneration|paid to Auditor for other non-audit
services||||
##
##
##
##
|.
Staff costs||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|||||||||R'000|6'000|
|The aggregate
gross costs ofstaff were as
Wages and salaries
Social security costs||||follows:||||13,824
1,466|13,654
1,377|
|Other pension costs||||||||1,495|1,345|
|||||||||16,785|16,376|
|The aggregate
employee||benefits of|key management|||personnel|was:|405|389|
|The average
monthly|number ofemployees|||during|the|year /13||||
|months was:||||||||||
|Teaching
Domestic||||||||203
204|193
181|
|Administration||||||||92|104|
|||||||||499|478|
|The number
ofemployees||whose total benefits during||||the year /13||||
|months
(excluding
employer
pension|||contributions||and|social security)||||
|were over F60,000 was:
F60,001 - E70,000
670,001 - F80,000||||||||37
4|30
15|
|680,001 - f90,000||||||||2|2|
|f90,001 - F100,000||||||||1|2|
|F100,001 - F110,000|||||||||1|
|F130,001 - F140,000|||||||||1|
|6170,001 - F180,000||||||||||
|F190,001 - F200,000||||||||||
##
##
##
|10.
Tangible fix|ed assets|||||
|---|---|---|---|---|---|
|Group and School||Staff
Housing|School
Campus|Vehicles and
Equipment|Total|
|||E'000|E'000|E'000|E'000|
|Cost or valuation
As at 1 September
Additions|2021|26,797
1,504|82,449
4,444|6,168
376|115,414
6,324|
|As at 31 August 2022||28,301|86,893|6,544|121,738|
|Depreciation
As at 1 September
Charge for the year|2021||1,182
1,159|5,826
231|7,008
1,390|
|As at 31 August 2022|||2,341|6,057|8,398|
|Net book value||||||
|As at 1 September|2021|26.767|81,267|342|108,406|
|As at 31 August 2022||28,301|84,552|487|113,340|
|Ifthe freehold
land
would have been as|and buildin
follows:|gs
had been carried under the cost|model, the balance sheet net|book value|
|---|---|---|---|---|
||||2022|2021|
|Freehold
land and
Staff Housing
School Campus
At cost from 1890to|buildings
31 August|—Group and School
2022|E'000
9,247
73,441
82,688|E'000
7,743
70,657
78,400|
||||2022|2021|
||||E'000|8'000|
|Caitalcommitments|outstandin|g|1,660|336|
##
##
##
|11.
Investments||
|---|---|
|Group and School|Investments|
||8'000|
|Investments
in securities:
As at 1 September
2021
Additions|6,619
4,893|
|Disposals
Losses in the 12 months to 31 Aug 2022|(4,782)
(458)|
|As at 31 August 2022|6,272|
|Analysis of investments:
Fixed interest securities|5'000
228|
|Equities|6,044|
||6,272|
|n
,
nvestment
portfolio
but are disclosed
within the Group's current assets as c
managed
and held
in the UK.|ash deposits.
All investments
are|
|---|---|
||C000|
|Investments
in short —term cash deposits:
As at 1 September 2021
Interest reinvested|1,750
10|
|As at 31 August 2022|1,760|
##
|||Group|Group|School|School|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||K'000|L"000|F'000|L'000|
|Fees outstanding
Trade debtors||7,277
25|7,026
38|7,277
20|7,026
38|
|Staff loans||30|21|30|21|
|Other debtors||302|16|301|16|
|Amounts
owed by subsidiaries
Prepayments
and accrued income||813|56|41
813|54|
|||8,447|7,157|8,482|7,155|
##
##
##
##
##
|13.
Creditors: amoun|ts
falling du|e within one yea|r|||
|---|---|---|---|---|---|
|||Group|Group|School|School|
|||2022|2021|2022|2021|
|||6'000|8000|6'000|6'000|
|Trade creditors||1,113|756|1,113|756|
|Taxation and social security
Other creditors
and accruals||401
1,666|324
1,094|401
1,639|324
1,069|
|Short term compensated
Amount
due to subsidiary|balances||||47|
|Deferred
income:||||||
|Fees held
in Advance Fees Fund||1,627|1,209|1,627|1,209|
|(Note 16)||||||
|Fees received
in advance|ofterm|9,428|8,784|9,428|8,784|
|Registration
deposits
held
Other income||142|81
7|142|81
7|
|||14,377|12,255|14,350|12,277|
##
|4.
Cred|itors: am|ounts
falling due after more than one|year||
|---|---|---|---|---|
||||Group and
School|Group and
School|
||||2022|2021|
||||6'000|F'000|
|Bank loans (Note 15)
Bond less unamortised||financing costs (Note 15)|7,000
37,706|7,000
37,721|
|Deferred income:|||||
|Fees held
Registration|in Advance
deposits|Fees Fund (Note 16)
held|773
1,780|876
986|
||||47,259|46,583|
##
|||Group and|Group and|
|---|---|---|---|
|||School|School|
|||2022|2021|
|||6'000|8000|
|Loans:||||
|Due within one year||||
|Due between
Due between
Due in more|one and two years
two and five years
than five years|7,000
37,706|7,000
37,721|
|||44,706|44,721|
##
##
##
|6.
A|dvan|ce Fees Fund|||
|---|---|---|---|---|
||||Group|Group|
||||and|and|
||||School|School|
||||2022|2021|
||||6'000|f'000|
|As at 1 September 2021 (1 Aug 2020)
New contracts
with parents|||2,085
2,014|1,816
1,520|
|Finance|costs|accrued to contracts|24|20|
||||4,123|3,356|
|Amounts|used|towards School's fees|(1,592)|(1,205)|
|Capital repaid||or paid to other schools|(131)|(66)|
|As at 31 August 2022 (31 August 2021)|||2,400|2,085|
||||Group|Group|
|---|---|---|---|---|
||||and|and|
||||School|School|
||||2022|2021|
||||8'000|8'000|
|Due
Due
Due|within one year
between one and two years
between
two and five years||1,627
476
297|1,209
481
395|
||||2.4DD|2, DDD|
##
##
|17.Provisions for liabilities|and charges|||
|---|---|---|---|
|||Group|Group|
|||and|and|
|||School|School|
|||2022|2021|
|||0'000|S'000|
|Defined benefit pension scheme|liability (Note 24)|49|75|
|2021|2020|
|---|---|
|R'000|000|
##
##
##
|19Funds|||||||||
|---|---|---|---|---|---|---|---|---|
||Movement
on Funds for the year|||ended 31August|2022||||
||Note|As st 1
Sep 2021
6'000|Income
6'000|Expend-
iturs
E'000|Gains i
losses
E'000|Transfers
6'000|As at 31
Aug 2022
K'000||
|Endowed
Funds|||||||||
|Rotherfield
Scholarship|(a)|404||(2)|(26)|||376|
|Fund|||||||||
|Restricted Funds|||||||||
|Rotherfield
Income Fund||9|8|||(16)||1|
|Foundation
Fund|(b)|76|110|||(25)||161|
|Endowment
Fund|(c)|1,561|32|(8)|(99)|||1,486|
|Scholarship
Fund|(c)|3,180|184|(16)|(201)|||3,147|
|The North Wall Trust||45|7|(46)||||6|
|Total Restricted Funds||4,871|341|(70)|(300)|(41)||4,801|
|Unrestricted
Funds|||||||||
|Revaluation
Reserve|(d)|29,249||||||29,249|
|Other unrestricted
funds|||||||||
|General reserves||(774)|28,696|(28,249)||(5,048)||(5,375)|
|The North
Wa/I Ti'ust||22|182|(454)||285||35|
|Sl Edward's
int'I Ltd||(8)||||||(8)|
|Other designated
funds|||||||||
|Rotherfield
Designated||200|4|(1)|(13)|||190|
|Fund
Advance Fees Fund|(e)|661|10|(24)||||647|
|Capital Fund|(f)|34,094||||4,804||38,898|
|Foundation
Fund|(b)||||||||
|Scholarship
Fund|(c)|1,882|443|(10)|(119)|||2,196|
|||36,077|29,335|(28,738)|(132)|41||36,583|
|Total Unrestricted||65,326|29,335|(28,738)|(132)|41||65,832|
|Funds|||||||||
|Total Funds||70,601|29,676|(28,810)|(458)|||71,009|
##
##
##
|und balances as|at 31 Aug|ust 2022 wer|e represented
by:|||||
|---|---|---|---|---|---|---|---|
|||Fixed|Investments|Net|Long|Interfund|Total|
|||||current|term|||
|||Assets||assets|(liabilities)|Loans|Assets|
|||6'000|K'000|K'000|6'000|5'000|5'000|
|Endowed
Funds|||376||||376|
|Restricted Funds||||||||
|Rotherfield
Income Fund|||||||1|
|Foundation
Fund||||161|||161|
|Endowment
Fund|||1,248|238|||1,486|
|Scholarship
Fund|||2,643|504|||3,147|
|The North Wall Trust||||6||||
|Total Restricted Funds|||3,891|910|||4,801|
|Unrestricted
Funds||||||||
|Revaluation
Reserve||29,249|||||29,249|
|Other unrestricted|funds|||||||
|General reserves||487||(3,260)|(2,602)||(5,375)|
|The North
I4ta/I Trust||||35|||35|
|St Edward's
lnt'I Ltd||||(8)|||(8)|
|Other designated|funds|||||||
|Rotherlield
Designated|||160|30|||190|
|Fund
Advance Fees Fund||||647|||647|
|Capital Fund||83,604|||(44,706)||38,898|
|Foundation
Fund||||||||
|Scholarship
Fund|||1,845|351|||2,196|
|||84,091|2,005|(2,205)|(47,308)||36,583|
|Total Unrestricted|Funds|113,340|2,005|(2,205)|(47,308)||65,832|
|Total Funds||113,340|6,272|(1,295)|(47,308)||71,009|
##
##
##
##
##
||Movement|on Funds for the 13 months|on Funds for the 13 months|ended 31|August 2021|||
|---|---|---|---|---|---|---|---|
||Note
As at 1
Aug 2020
6'000||Income
E'000|Expend-
itura
6'000|Gains I
losses
6'000|Transfers
6'000|As at 31
Aug 2021
6'000|
|Endowed Funds||||||||
|Rotherfield
Scholarship|(a)|342||(3)|65||404|
|Fund||||||||
|Restricted Funds||||||||
|Rotherfield
Income Fund|||9||||9|
|Foundation
Fund|(b)|125|10|(8)||(51)|76|
|Endowment
Fund|(c)|1,293|34|(10)|244||1,561|
|Scholarship
Fund|(c)|2,561|146|(20)|484||3,180|
|The North Wall Trust||77||(32)|||45|
|Total Restricted Funds||4,056|199|(70)|728|(42)|4,871|
|Unrestricted
Funds||||||||
|Revaluation
Reserve|(d)|29,249|||||29,249|
|Other unrestricted
funds||||||||
|General reserves||267|25,116|(25,629)||(528)|(774)|
|The North
Wa/I Trust||45|68|(367)||276|22|
|SI Edward's
Int'I Lfd||100||(8)||(100)|(8)|
|Other designated
funds||||||||
|Rofherfield
Designated||||||200|200|
|Fund
Advance Fees Fund|(e)|551|61|(25)|274|(200)|661|
|Capital Fund|(f)|33,680||||414|34,094|
|Foundation
Fund|(b)|14||||(14)||
|Scholarship
Fund|(c)|1,386|252|(12)|262|(6)|1,882|
|||36,043|25,497|(26,041)|536|42|36,077|
|Total Unrestricted||65,292|25,497|(26,041)|536|42|65,326|
|Funds||||||||
|Total Funds||69,690|25,696|(26,114)|1,329||70,601|
##
##
##
|und balances as|at 31 Aug|ust 2021 wer|e represented
by:|||||
|---|---|---|---|---|---|---|---|
|||Fixed|Investments|Net|Long|Interfund|Total|
|||||current|term|||
|||Assets||assets|(liabilities)|Loans|Assets|
|||6'000|6'000|6'000|6'000|000|6'000|
|Endowed
Funds|||381|23|||404|
|Restricted Funds||||||||
|Rotherrield
Income Fund||||9|||9|
|Foundation
Fund||||76|||76|
|Endowment
Fund|||1,470|91|||1,561|
|Scholarship
Fund|||2,995|185|||3,180|
|The North Wall Trust||||45|||45|
|Total Restricted Funds|||4,465|406|||4,871|
|Unrestricted
Funds||||||||
|Revaluation
Reserve||29,249|||||29,249|
|Other unrestdcted|funds|||||||
|General reserves||342||821|(1,937)||(774)|
|The North
Wall Trust||||22|||22|
|St Edward's
lnt'I Ltd||||(8)|||(8)|
|Other designated|funds|||||||
|Rothertietd
Designated||||200|||200|
|Fund
Advance Fees Fund||||661|||661|
|Capital Fund||78,815|||(44,721)||34,094|
|Foundation
Fund||||||||
|Scholarship
Fund|||1,773|109|||1,882|
|||79,157|1,773|1,805|(46,658)||36,077|
|Total Unrestricted|Funds|108,406|1,773|1,805|(46,658)||65,326|
|Total Funds||108,406|6,619|2,234|(46,658)||70,601|
##
##
##
##
|1.
Reconciliation
ofnet inco|me to net cas|h flow from op|erating
acti|vities||
|---|---|---|---|---|---|
|||2022|2022|2021|2021|
|||f'000|f'000|f.'000|f'000|
|Net income for the Year /13 Months|||408||911|
|Elimination
of non-operating
items:||||||
|Investment
income||(150)||(208)||
|(Gains)/losses
on investments||458||(1,329)||
|Finance cost accrued to Advance|Fees|24||20||
|Amortisation
of bond costs||||||
|Depreciation||1,390||1,461||
|(Profit) on sale of fixed assets||||||
|Decrease/(Increase)
in stocks||(4)||5||
|Decrease/(increase)
in debtors||(1,290)||(6,662)||
|Increase/(decrease)
in creditors and|provisions|1,617||7,039||
|Increase/(decrease)
in Registration|deposits|855||452||
||||2,900||778|
|Net cash flow from operating
activities|||3,388||1,689|
##
|22.|Analysis
ofchanges
in net debt||||||
|---|---|---|---|---|---|---|
|||Note|As at 1|Noncash|Cash|As at 31|
||||September|Change|Flows|August|
||||2021|||2022|
||||f'000|f'000|f'000|f'000|
|Cash|||5,564||(2,711)|2,853|
|Cash
Loans|equivalents
falling due after more than one year|11
15|1,750
(44,721)|15|10|1,760
(44,706)|
||||(37,407)|15|(2,701)|(40,093)|
##
##
##
##
##
##
##
##
##
##
##
##
|end period, discounted
at a rate equivalent
to a full AA|corporate bond yield curve:||
|---|---|---|
||2022|2021|
||6'000|C000|
|Year ending: 31 August:
2022
2023
2024
2025|21
20
8|28
20
19
8|
|Net present value of provision|49|75|
##
##
##
|The movement
on|the defined
ben|efit|pens|ion|scheme|liability
during the year|was as follows:||
|---|---|---|---|---|---|---|---|---|
||||||||Group and|School|
||||||||2022|2021|
||||||||000|f'000|
|As at 1 September|2021 (1 August|2020)|||||75|155|
|Unwinding
ofdiscount factor|||||||||
|Deficit contributions|paid||||||(26)|(36)|
|Re-measurements
Re-measurements|—impact ofany
—amendments|change
in the assumptions
to the contributions
schedule||||||~44|
|As at 31 August|||||||49|79|
|The impact of income and expenditure|||during||the year|was as follows:|||
||||||||Group and|School|
||||||||2022|2021|
||||||||f'000|f'000|
|Interest expense|||||||||
|Remeasurements
Remeasurements|—impact ofany
—amendments|change
in the assumptions
to the contributions
schedule||||||~44|
##
##
##
##
##
##
##
##
##
##
##
|StEdward's
School International|StEdward's
School International|Limited (continued)|||
|---|---|---|---|---|
||||As at|As at|
|Balance Sheet|||31August|31August|
||||2022|2021|
||||5|5|
|Current assets|||||
|Debtors|||||
|Amounts
owing
by|Parent company||||
|Cash in hand and|at bank||||
|Net current assets|||||
|Current
liabilities
Creditors
payable
Amounts
owing to
Net assets|within one year
Parent company||~9
~8|~9
~8|
|Represented
by:
Share capital
Unrestricted
funds|||~8
~a|~8
~s|
##
##
##
##
##
|Statement ofFinanci|IActivities|IActivities|Unrestricted|Restricted|Total|Restated|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Total|
||||||2022|Funds|
|||||||2021|
||||E'000|E'000|f'000|Z'000|
|Income:
Donations
Income from charitable
Total income|activities||337
130
467|7|337
137
474|330
47
377|
|Expenditure|||||||
|Cost of raising funds|||||||
|Expenditure
on charitable||activities|454|46|500|431|
|Total expenditure
Nei income/(expenditure)|||454
13|46
39|500
26|431
~54|
|Nei movement
in funds|||13|(39)|(26)|(54)|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||22|46|68|122|
|Total funds carried forward|||35||42|68|
|Balance Sheet|||||2022
6'000|2021
E'000|
|Current assets
Debtors
Cash at bank and
in hand|||||6
92|58
34|
|Total current assets
Creditors falling due within||one year|||98
~56|92
~24|
|Net assets|||||42|68|
|Represented
by
Unrestricted
income|funds||||35|22|
|Restricted
income funds|||||7|46|
|Totalfunds|||||42|68|
##
##
##
|||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|
|||Funds|Funds|Funds||
|||13Months|13Months|13llllonths|13Months|
|||2021|2021|2021|2021|
||Note|8'000|E'000|E'000|E'000|
|Income from:||||||
|Charitable
activities:
School fees receivable
Ancillary
trading
income
The North Wall Trust|3
4
28|23,310
1,152
68|||23,310
1,152
68|
|Other trading activities:
Letting ofSchool facilities
Other activities
Job Retention Scheme Grant:||50
78
519|||50
78
519|
|investments:||||||
|Investment
income||98|110||208|
|Bank interest||6|||6|
|Voiuntary sources:
Donations
and legacies
Total income:||216
25,497|89
199||305
25,696|
|Expenditure
on:||||||
|Charitable
activities:||||||
|Education of pupils
The North Wall Trust|28|24,417
367|8
32||24,425
399|
|Other trading activities:||||||
|Letting ofSchool facilities||||||
|investments:
Financing costs||1,139|||1,139|
|Voiuntary sources:
Fundraising
& Investment||116|30|3|149|
|Management
Total expenditure:||26,041|70|3|26,114|
|Net income for the period||(544)|129|(3)|(418)|
|before transfers
and||||||
|investment
gains
Gains I(Losses) on investments
Net income for the period|11|536
(8)|728
857|65
62|1,329
911|
|Transfers
between
funds|19|42|(42)|||
|Losses on revaluation
of|19|||||
|property
Net movement
in funds||34|815|62|911|
|Fund balances at start of|19|65,292|4,056|342|69,690|
|period
Fund balances at end of|19|65,326|4,871|404|70,601|
|period||||||