## ## ## ## |Governors,
Officers and Advisers||||| |---|---|---|---|---| |Governors'
report||||| |Statement
ofaccounting
and reporting|responsibilities|||19| |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||||25| |Notes to the financial statements||||26| ## ## ## |
harity law. The Governors
who se|rved
in office durin|rved
in office durin|g
t|he yea|r a|nd sub|sequen|tly
are|detailed|be|ow:| |---|---|---|---|---|---|---|---|---|---|---|---| |Name|Date ofchange||1|2|3|4|5|7|8|9|10| |C
I M Jones, MA, FRSA|||||||||||| |J A0Adedoyin,
MA, MBA|||||||||||| |Mrs SAinsworth,
MA, MSc|||||||||||| |Mrs C M Baggs, BSc|||||||||||| |J M Burrows,
MA||||v'|v'||||||| |Mrs H Cook, BEd|||||||||||| |Ven J P M Chaffey CB|Appointed|5|||||||||| ||Sept 2022||||||||||| |Mrs G A S Dennis,
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|||||||||||| |EW Stephenson,
MA, FCT|||||||||||| |Dr P A Winston,
MA, PhD|||||||||||| |General Purposes
Committee
Education
Committee
Compliance
& Risk Committee
Safeguarding
&Well-Being Committee
Investment
Committee||||7
8
9
10
11||Nominations
&Remuneration
Committee
Bursary Committee
Beyond Teddies Committee
The North Wall Trust
St Edward's
School International
Limited|||||| |Audit Review Committee|||||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Endowment|Total|Total| |---|---|---|---|---|---|---|---| ||||Funds|Funds|Funds||| |||Note|2023
6'000|2023
K'000|2023
6'000|2023
6'000|2022
f'000| |Income from:|||||||| |Charitable activities:
School fees receivable
Ancillary
trading
income
The North Wall Trust||2
3
26|29,430
1,269
275|25||29,430
1,269
300|26,710
1,070
189| |Other trading activities:
Letting ofSchool facilities
Other activities|||1,073
84|||1,073
84|793
123| |Investments:
Investment
income
Bank interest|||48
63|101||149
63|150
10| |Voluntary source:
Donations
and legacies
Total income:|||45
32287|128
254||173
32 541|632
29,677| |Expenditure
on:|||||||| |Charitable activities:
Education
of pupils
The North Wall Trust||26|29,693
555|||29,693
559|25,941
500| |Other trading activities:
Letting ofSchool facilities|||966|||966|792| |investments:
Financing costs|||1,454|||1,454|1,448| |Voluntary source:
Fundraising
& Investment|||168|22|2|192|130| |Management
Total expenditure:|||32,836|26|2|32,864|28,811| |Net income for the period before
transfers
and investment
gains
Gains /(Losses) on investments
Net income for the period||10|(549)
61
(610)|228
118
110|(2)
10
(12)|(323)
189
(512)|866
458
408| |Transfers
between funds
Losses on revaluation
of property
Net movement
in funds||18
18|77
4,449
(4,982)|(77)
33|(12)|4449
(4,961)|408| |Fund balances at start of period
Fund balances at end ofperiod||18
18|65,832
60850|4,801
4,834|376
364|71,009
66,048|70,601
71,009| ## ## ## ||||Group
2023|Group
2022|School
2023|School
2022| |---|---|---|---|---|---|---| |||Note|K'000|'2'000|8'000|K'000| |Fixed assets
Tangible assets
Investments
in securities||9
10|«3152
5,594
«8,746|«3,340
6272
«9612|«3,152
5594
«8,746|«3,340
6,272
«9,612| |Current assets
Stocks
Debtors
Investments
cash deposits
Cash in hand and at bank||«
10|83
8,793
1,823
305
«,004|22
8,447
1,760
2,853
13082|83
8,821
1,823
172
10,899|22
8,482
1,760
2,759
13,023| |Current
liabilities
Creditors
payable
within one year
Net current (liabilities)||12|~15,877
873|~14,377
~, 1.295|~15,855
~4.956|~14,350
~1,327| |Total assets less current|liabilities||«3,873|«8,317|«3,790|«8,285| |Creditors: Amounts
falling|due|13|(47,794)|(47,259)|(47,794)|(47,259)| |after more than one year||||||| |Provisions for liabilities
charges|and|16|(31)|(49)|(31)|(49)| |Net assets|||66,048|71,009|65,965|70977| |Represented
by:
Share capital
Endowment
funds
Restricted funds
Revaluation
reserve
Other unrestricted
funds||17
18
18
18
18|364
4,834
24,800
36050
66.048|376
4,801
29,249
36,583
71,1109|364
4,807
24,800
35,994
65,965|376
4,795
29,249
36557
70,977| ## ## ## ||||||2023|2023|2022|2022| |---|---|---|---|---|---|---|---|---| |||||Note|6'000|6'000|6'000|C000| |Net cash flow from operating||||20||2,375||3,308| |activities||||||||| |Cash flows from investing||||||||| |activities||||||||| |Tangible assets - payments
for
assets|||||(5,885)||(6,324)|| |Tangible assets - proceeds
on|sale||of|||||| |assets||||||||| |Investments
—receipts (payments)
short-term
deposits|||of||(63)||(10)|| |Investments
- payments
for
investments|||||(1,491)||(4,893)|| |Investments
- proceeds of investment
sales|||||1,980||4,782|| |Investments
- investment
income|||||149||150|| |Net cash provided
by/(used
investing
activities||in)||||(5,310)||(6,295)| |Cash flows from financing||||||||| |activities||||||||| |Loan Funding||||||||| |Bond Funding|||||||(15)|| |Advance Fees - new amounts
received|||||1,702||2,014|| |Advance Fees -used towards
School's fees|||||(2,085)||(1,592)|| |Advance Fees - amount offees
repaid|||||(80)||(131)|| |Net cash provided
by I(used
financing
activities||in)||||(463)||276| |Increase I(decrease)
in cash||and||||||| |cash equivalents
in the period||||||(3,398)||(2,711)| |Cash and cash equivalents
beginning
of period|at|||||2,853||5,564| |Cash and cash equivalents
ofperiod|at end|||21||(545)||2,853| ## ## ## ## ## ## ## ## ## ## ## |residual
value ba
follows:|sed
on current
market|prices, on a|straight-line
basis over its expected|usef|ul
l|ife, a| |---|---|---|---|---|---|---| ||Freehold
buildings||50to 100years|||| ||Refurbishments
and sports pitches||5 to 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 of their|charge on Staff Housing
useful economic
life to|is nil as the
the Company|Governors
are ofthe opinion that the residual
will be at least the balance sheet value.|||value| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2023|2022| |---|---|---|---|---|---|---|---|---| ||||||||K'000|K'000| |Gross|school fees|receivable|||||32,848|30,231| |Less: Scholarships
Add: Scholarships||and bursaries
and bursaries||paid from|Restricted|or Other|(3,418)|(3,537)
16| |Funds||||||||| ||||||||29,430|26,710| |3.|Charitable|activities —Ancillary|||charitable|activities||| ||||||||2023|2022| ||||||||6'000|R'000| |Additional
tuition and other fees|||||||792|778| |Entrance fees and||registration|fees||||477|292| ||||||||1,269|1,070| |4.|Investment|income||||||| ||||||||2023|2022| ||||||||6'000|r'000| |Income from securities —equities|||||||134|150| |Income from securities —fixed interest|||||||15|| ||||||||149|150| |5.|Donations|and legacies||||||| ||||||||2023|2022| ||||||||K'000|R'000| |Donations
Legacies|||||||131
42
173|216
416
632| ## ## ## ## |6.
Financing|costs|||||||| |---|---|---|---|---|---|---|---|---| ||||||2023|2022||| ||||||6'000|R'000||| |Pension scheme
Financing costs
Interest payable
Interest payable|financing costs (Note 23)
accrued to Advance Fee contracts (Note 15)
on bank loans and overdraft
on bond||||26
148
1,280|24
144
1,280||| ||||||1.454|1,448||| |7.
Analysis|ofexpenditure|||||||| ||||Staff|Deprec-|Other|Total||Total| ||||Costs|iation|Operating|2023||2022| ||||||Costs|||| |Year ended 31August 2023|||K'000|f.'000|2'000|6'000||8'000| |Charitable
activities:||||||||| |Teaching|||10,465|258|1,709|12,432||11,674| |Welfare|||3,298||1,985|5,283||4,971| |Premises|||1,634|1,367|4,686|7,687||5,507| |Support and governance|||2,184||2,107|4,291||3,789| |North Wall Trust|||269||290|559||500| |Raising funds:||||||||| |Letting ofSchool facilities|||453||513|966||792| |Financing costs|(Note 6)||||1,454|1,454||1,448| |Investment
management||fees|||36|36||37| |Fundraising|||155|||156||93| ||||18,459|1,625|12,780|32,864||28,811| ## ## ## ## ||||Staff||Deprec-|Other|Total| |---|---|---|---|---|---|---|---| ||||Costs||iation|Operating|2022| |||||||Costs|| |Year ended 31August 2022|||6'000||S'000|K'000|E000| |Charitable
activities:|||||||| |Teaching|||9,787||231|1,656|11,674| |Welfare|||3,061|||1,910|4,971| |Premises|||1,287||1,159|3,061|5,507| |Support and governance|||1,938|||1,851|3,789| |North Wall Trust|||258|||242|500| |Raising funds:|||||||| |Letting ofSchool facilities|||373|||419|792| |Financing costs (Note 6)||||||1,448|1,448| |Investment
management|fees|||||37|37| |Fundraising|||81|||12|93| ||||16,785||1,390|10,635|28,811| |||||||2023|2022| |||||||6'000|S'000| |Included
in support costs
Operating
leases|are:|||||145|137| |Reimbursement
of personal||expenses to 2 Governors||||4|| |Remuneration
paid to Auditor for audit ofaccounts||||||28|| |Remuneration
paid to Auditor for taxation|||compliance||services|4|| |Remuneration
paid to Auditor for other non-audit||||services||5|| ## ## ## |.
Staff costs|||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||||2023|2022| |||||||||8'000|8'000| |The aggregate
gross
Wages and salaries
Social security costs|costs of||staff were as|follows:||||15,235
1,564|13,824
1,466| |Other pension costs||||||||1,660|1,495| |||||||||18,459|16,785| |The aggregate
employee||benefits of key management||||personnel|was:|554|405| |The average
monthly|number||ofemployees|during the||year was:|||| |Teaching
Domestic||||||||212
200|203
204| |Administration||||||||100|92| |||||||||512|499| |The number
ofemployees||whose total benefits|||during|the year|||| |(excluding
employer|pension||contributions|and|social|security) over|||| |f60,000 was:|||||||||| |260,001 - 870,000||||||||37|37| |870,001 —r80,000||||||||11|| |K80,001 - F90,000||||||||3|| |f90,001 - 2100,000||||||||1|| |F100,001 - rt 10,000||||||||1|| |r130,001 - 2140,000|||||||||| |8140,001 - 8150,000|||||||||| |r170,001 - 2180,000|||||||||| |8180,001 - 8190,000|||||||||| ## ## |.
Tangible fixed assets||||| |---|---|---|---|---| |Group and School|Staff
Housing|School
Campus|Vehicles and
Equipment|Total| ||E'000|K'000|K'000|f'000| |Cost or valuation
As at 1 September 2022
Additions
Revaluation|28,301
2,974|86,893
5,437
(11,130)|6,544
448|121,738
5,885
(8,156)| |As at 31 August 2023|31,225|81,200|6,992|119,467| |Depreciation
As at 1 September
2022
Charge for the year
Released
on revaluation||2,341
1,367
(3,708)|6,057
258|8,398
1,625
(3,708)| |As at 31 August 2023|||6,315|6,315| |Net book value
As at 1 September 2022|28,301|84,552|487|113,340| |As at 31 August 2023|31,275|81,200|677|113152| |Ifthe freehold
land
would have been as|and buildin
follows:|gs
had been carried under the cost|model, the balance sheet net|book value| |---|---|---|---|---| ||||2023|2022| |Freehold
land and
Staff Housing
School Campus
At cost from 1890to|buildings
31 August|—Group and School
2023|E'000
9,247
77,511
86,758|E'000
9,247
73,441
82,688| ||||2023|2022| ||||E'000|E'000| |Capital commitments|outstanding||1,850|1,656| ## ## ## |10.
Investments|| |---|---| |Group and School|Investments| ||F000| |Investments
in securities:
As at 1 September 2022
Additions
Disposals
Losses in the year
As at 31 August 2023|6,272
1,491
(1,980)
(189)
5,554| |Analysis of investments:
Fixed interest securities
Equities|S'000
904
4,690
5,594| ## |11.
Debtors||||| |---|---|---|---|---| ||Group
2023
6'000|Group
2022
R'000|School
2023
R'000|School
2022
6'000| |Fees outstanding
Trade debtors
Staff loans
Other debtors|7,633
518
6
260|7,277
25
30
302|7,633
508
6
260|7,277
20
30
301| |Amounts
owed by subsidiaries
Prepayments
and accrued income|376
8,793|813
8,447|38
376
8,821|41
813
8,482| ## ## ## ## |12.
Creditors: amo|unts|falling due wi|thin one yea|r|||| |---|---|---|---|---|---|---|---| ||||Group
2023|Group
2022|School
2023||School
2022| ||||6'000|6'000|S'000||6'000| |Bank overdraft
Trade creditors|||850
572|1,113|850
572||1,113| |Taxation and social security
Other creditors and accruals|||379
1,649|401
1,666|379
1,644||401
1,639| |Amount
due to subsidiary|||||||| |Deferred income:
Fees held
in Advance|Fees|Fund|1,314|1,627|1,314||1,627| |(Note 16)
Fees received
in advance ofterm
Registration
deposits
held
Other deferred
income|||10,710
376
27|9,428
142|10,710
376
10||9,428
142| ||||15,877|14,377|15,855||14,350| |The bank overdraft of6850,000consists ofa|||School overdraft ofr2,716,000 and F1,886,000 of|||balances|in| |respect of funds. There|is a right ofset off.||||||| |13.
Creditors: amounts||falling due after more than one year|||||| ||||||Group and|Group and|| ||||||School||School| ||||||2023||2022| ||||||6'000||6'000| |Bank loans (Note 14)
Bond less unamortised|financing costs (Note||14)||7,000
37,690||7,000
37,706| |Deferred income:
Fees held
in Advance
Registration
deposits|Fees
held|Fund (Note 15)|||649
2,455||773
1,780| ||||||47,794||47,259| ## |14.
Analysis ofloans|14.
Analysis ofloans|Group and
School|Group and
School| |---|---|---|---| |||2023|2022| |||E000|R'000| |Loans:|||| |Due within one year
Due between
one and two years
Due between
two and five years
Due in more than five years||7,000
37,690|7,000
37,706| |||44,690|44,706| ## ## ## ## |||Group|Group| |---|---|---|---| |||and|and| |||School|School| |||2023|2022| |||6'000|R'000| |As at 1 September 2022
New contracts
with parents
Finance costs accrued to contracts||2,400
1,702
26|2,085
2,014
24| |||4,128|4,123| |Amounts
used|towards School's fees|(2,085)|(1,592)| |Capital repaid or paid to other schools
As at 31 August 2023||(80)
1,963|(131)
2,400| ||||Group|Group| |---|---|---|---|---| ||||and|and| ||||School|School| ||||2023|2022| ||||6'000|E000| |Due
Due
Due|within one year
between
one and two years
between
two and five years||1,314
344
305|1,627
476
297| ||||1,963|2,400| ## ## ## |16.Provisions for liabilities|16.Provisions for liabilities|and charges|Group|Group| |---|---|---|---|---| ||||and|and| ||||School|School| ||||2023|2022| ||||F000|K'000| |Defined|benefit pension scheme|liability (Note 23)|31|| |17.|Share capital|||| ||||2023|2022| ||||R'000|f'000| ## ## ## |18. Funds|||||||| |---|---|---|---|---|---|---|---| ||Movement
on Funds for the year|||ended 31August|2023||| ||Note|As at1
Sep2022
E'000|Income
E'000|Expend-
Iture
6'000|Gains I
losses
6'000|Transfers
E'000|As at 31
Aug 2023
E'000| |Endowment
Funds|||||||| |Rotherfield
Scholarship|(a)|376||(2)|(10)||364| |Fund|||||||| |Restricted
Funds|||||||| |Rotherfield
Income Fund||1|8|||(9)|| |Foundation
Fund|(I3)|161|20|||(68)|113| |Endowment
Fund
Scholarship
Fund
The North Wall Trust|(c)
(c)|1,486
3,147
6|30
171
25|(7)
(15)
(4)|(38)
(80)||1,471
3,223
27| |Total Restricted
Funds||4,801|254|(26)|(118)|(77)|4,834| |Unrestricted
Funds|||||||| |Revaluation
Reserve|(d)|29,249|||(4,449)||24,800| |Other unrestricted
funds|||||||| |Gener al reserves||(5,375)|31,856|(32,241)||(1,579)|(7,339)| |The North
Wall Trust||35|275|(555)||311|66| |St Edward's
lni'l Ltd||(8)||(2)|||(10)| |Other designated
funds
Rotherfield
Designated||190|4|(1)|(5)|(26)|162| |Fund
Advance Fees Fund
Capital Fund|(e)
(f)|647
38,898|63|(26)||1,371|684
40,269| |Foundation
Fund|(ti)||||||| |Scholarship
Fund|(c)|2,196|89|(11)|(56)||2.218| |||36,583|32,287|(32,836)|(61)|77|36,050| |Total Unrestricted||65,832|32,287|(32,836)|(4,510)|77|60,850| |Funds|||||||| |Total Funds||71,009|32,541|(32,864)|(4,638)||66,048| ## ## ## |und balances a|s|at 31 Aug|ust 2023 wer|e represented
by:||||| |---|---|---|---|---|---|---|---|---| ||||Fixed|Investments|Net|Long|Interfund|Total| ||||||current|term||| ||||Assets||assets|(liabifities)|Loans|Assets| ||||8'000|6'000|6'000|5'000|6'000|6'000| |Endowed
Funds||||364||||364| |Restricted Funds||||||||| |Rotherfield
Income||Fund||||||| |Foundation
Fund|||||113|||113| |Endowment
Fund||||1,088|383|||1,471| |Scholarship
Fund||||2,382|841|||3,223| |The North Wall Trust|||||27|||27| |Total Restricted|Funds|||3,470|1,364|||4,834| |Unrestricted
Funds||||||||| |Revaluation
Reserve|||24,800|||||24,800| |Other unrestricted||funds||||||| |General reserves|||677||(4,881)|(3,135)||(7,339)| |The North
Wall Trust|||||66|||66| |SlEdward's
lnt'I Lid|||||(10)|||(10)| |Other designated||funds||||||| |Rolherfield Designated||||120|42|||162| |Fund
Advance Fees Fund|||||684|||684| |Capital Fund|||87,675||(2,716)|(44,690)||40,269| |Foundation
Fund||||||||| |Scholarship
Fund||||1,640|578|||2.218| ||||88,352|1,760|(6,237)|(47,825)||36,050| |Total Unrestricted||Funds|113,152|1,760|(6,237)|(47,825)||60,850| |Total Funds|||113,152|5,594|(4,873)|(47,825)||66,048| ## ## ## ## ## ## ||Movement
on Funds for the year|Movement
on Funds for the year|Movement
on Funds for the year|ended 31August|2022||| |---|---|---|---|---|---|---|---| ||Note|As at 1
Aug 2021
E'000|Income
6'000|Expend-
Iture
E'000|Galas I
losses
E'000|Transfers
E'000|As at 31
Aug 2022
E'000| |Endowment
Funds|||||||| |Rotherrield
Scholarship|(a)|404||(2)|(26)||376| |Fund|||||||| |Restricted Funds|||||||| |Rotherfield
Income Fund||9|8|||(16)|1| |Foundation
Fund
Endowment
Fund
Scholarship
Fund
The North Wall Trust|(b)
(c)
(c)|76
1,561
3,180
45|110
32
184
7|(8)
(16)
(46)|(99)
(201)|(25)|161
1,486
3,147
6| |Total Restricted
Funds||4,871|341|(70)|(300)|(41)|4,801| |Unrestricted
Funds|||||||| |Revaluation
Reserve||29,249|||||29,249| |Other unrestricted
funds|||||||| |General reserves||(774)|28,696|(28,249)||(5,048)|(5,375)| |The North
Wall Trust||22|182|(454)||285|35| |St Edward's
Int'I Ltd|||||||(8)| |Other designated
funds
Rolherlield
Designated||200|4|(1)|(13)||190| |Fund
Advance Fees Fund
Capital Fund|(e)
(f)|661
34,094|10|(24)||4,804|647
38,898| |Foundation
Fund
Scholarship
Fund|(b)
(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|29676|(28810)|(456)||71,009| ## ## ## ||Fixed|Investments|Net|Long|Interfund|Total| |---|---|---|---|---|---|---| ||Assets
K'000|8'000|current
assets
8'000|term
(sabilities)
E'000|Loans
6'000|Assets
f'000| |Endowed
Funds||376||||376| |Restricted Funds||||||| |Rothertield
Income Fund||||||| |Foundation
Fund
Endowment
Fund
Scholarship
Fund
The North Wall Trust||1,248
2,643|161
238
504
6|||1
161
1,486
3,147| |Total Restricted Funds||3,891|910|||4,801| |Unrestricted
Funds||||||| |Revaluation
Reserve|29,249|||||29,249| |Other unrestricted
funds||||||| |General reserves
The North
Wall Trust
StEdward's
lnt'I Ltd|487||(3,260)
35|(2,602)||(5,375)
35| ||||(8)|||(8)| |Other designated
funds||||||| |Rothertietd
Designated
Fund||160|30|||190| |Advance Fees Fund
Capital Fund
Foundation
Fund|83,604||647|(44,706)||647
38,898| |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| ## ## ## ## |||2023|2023|2022|2022| |---|---|---|---|---|---| |||K'000|K'000|f'000|K'000| |Net income for the Year|||||| ||||(512)||408| |Elimination
ofnon-operating
items:|||||| |Investment
income|||||| |(Gains)/losses
on investments
Finance cost accrued to Advance Fees
Amortisation
of bond costs
Depreciation
and similar charges
(Profit) on sale offixed assets||(149)
189
26
(16)
1,625||(150)
458
24
1,390|| |Decrease/(Increase)
in stocks
Decrease/(increase)
in debtors
Increase/(decrease)
in creditors and
Increase/(decrease)
in Registration|provisions
deposits|(61)
(346)
710
909||(4)
(1,290)
1,617
855|| ||||2,887||2,900| |Net cash flow from operating
activities|||2.375||3,353| ## ||Note|As at 1|Noncash|Cash|As at31| |---|---|---|---|---|---| |Cash
Bank overdrafts|12|September
2022
g'000
2,853|Change
f'000|Flows
5'000
(2,548)|August
2023
g'000
305| |Deposits
Loans falling due after more than one year|10
14|2,853
1 760
(44,706)|16|(850)
(3,398)
63|(850)
(545)
1,823
(44,690)| |||(40,093)|16|(3,335)|(43,412)| ## ## ## ## ## ## ## ## ## ## ## |||
|enefi|p|en|sion sche|me
liability during the yea|r was as follows:|r was as follows:| |---|---|---|---|---|---|---|---|---|---| |||||||||Group and School|| |||||||||2023|2022| |||||||||6'000|f'000| |As at 1 September|||||||||| |Unwinding
ofdiscount factor||||||||49|75| |Deficit contributions||paid|||||||| |Re-measurements
Re-measurements
As at 31 August||—impact ofany change
in the assumptions
—amendments
to the contributions
schedule||||||(18)|(26)| |||||||||31|49| |The impact of income and expenditure||||during the year was as follows:|||||| |||||||||Group and|School| |||||||||2023|2022| |||||||||6'000|K'000| |Interest expense|||||||||| |Remeasurements
Remeasurements|—impact ofany
—amendments||change
in the assumptions
to the contributions
schedule||||||| ## ## ## ## ## ## ## ## ## |The St Edward's
School International
balance sheet as at 31 August 2023,|Limited
extracted|profit and loss account for the year ended 31 August
from the audited
financial statements,
are summarised|profit and loss account for the year ended 31 August
from the audited
financial statements,
are summarised|profit and loss account for the year ended 31 August
from the audited
financial statements,
are summarised|2023 and
below:| |---|---|---|---|---|---| |Profit and Loss Account|||||| |||||2023|2022| |Revenue||||K'000|K'000| |Cost ofsales|||||| |Gross Profit|||||| |Administrative
Expenses|||||| |Profit / (Loss) before taxation||||(2)|| |Taxation||||(2)|| |Profit / (Loss) after taxation being|profit for|the period|||| |Retained
Profit brought
forward|||||| |Profit / (Loss) for the period||||(8)|(8)| |GIR Aid Payment to Parent Charity|||||| |Retained
Profit / (Loss) at end ofperiod||||(10)|(8)| ## ## ## ## |Balance Sheet||As at|As at| |---|---|---|---| |||31August|31August| |||2023|2022| |Current assets||6'000|6'000| |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|(1)
~10|~9| |Represented
by:|||| |Share capital
Unrestricted
funds||~10|~9| ## ## ## ## ## |Statement ofFinancial|Statement ofFinancial|Activities|Unrestricted
Funds|Restricted
Funds|Restricted
Funds|Total
Funds|Total
Funds| |---|---|---|---|---|---|---|---| |Income:|||E'000|8'000||2023
E'000|2022
6'000| |Donations|||||||| |Income from charitable
Total income
Expenditure|activities||332
253
585|25
25||357
253
610|337
131
474| |Cost ofraising funds|||||||| |Expenditure
on charitable
Total expenditure||activities|554
554||5|559
559|500
500| |Net income/(expenditure)
Net movement
in funds
Reconciliation offunds:|||31
31|20
20||51
51|~25
(26)| |Total funds brought forward
Total funds carried forward|||35|||52|63| |||||27||93|42| |~61
eheel|||||||| |||||||2023|2022| |Current assets||||||K'000|6'000| |Debtors|||||||| |Cash at bank and
in hand||||||16|6| |Total current assets||||||132|92| |Creditors
falling due within
Net assets|one year|||148
~55|||98
~56| |||||||93|42| |Represented
by|||||||| |Unrestricted
income funds|||||||| |Restricted income funds||||||66|35| |||||||27|7| |Total funds|||||||| |||||||93|42| ## ## ## |||Unrestricted
Funds|Restricted
Funds|Endowment
Funds|Total| |---|---|---|---|---|---| |Income from:|Note|2022
K'000|2022
E'000|2022
K'000|2022
K'000| |Charitable
activities:|||||| |School fees receivable
Ancillary
trading
income
The North Wall Trust
Other trading activities:|2
3
26|26,710
1,070
182|||26,710
1,070
189| |Letting ofSchool facilities
Other activities
investments:||793
123|||793
123| |Investment
income
Bank interest
Voluntary sources:||44
10|106||150
10| |Donations
and legacies
Total income:||404
29336|228
341||632
29,677| |Expenditure
on:|||||| |Charitable
activities:|||||| |Education of pupils
The North Wall Trust
Other trading activities:|26|25,941
454|46||25,941
500| |Letting ofSchool facilities
Investments:||792|||792| |Financing costs
Voluntary sources:||1,448|||1,448| |Fundraising
8 Investment|||||| |Management||104|24||130| |Total expenditure:||28,739|70|2|28,811| |Net income for the period
before transfers
and
investment
gains||597|271|(2)|866| |Gains I(Losses) on investments
Net income for the period|10|132
465|300
(29)|26
(28)|458
408| |Transfers
between
funds
Losses on revaluation
of|18
18|41|(41)||| |property|||||| |Net movement
in funds||505|(69)|(28)|408| |Fund balances at start of|18||||| |period
Fund balances at end of|18|65,326|4,871|404|70,601| |pel'Iod||65,832|4,801|376|71,009|