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|Trustee's
Report|||1 to 7|
|---|---|---|---|
|Statement
ofTrustee's||Responsibilities||
|Independent
Examiner's||Report||
|Statement
of Financial||Activities|10|
|Balance Sheet||||
|Cash Flow Statement|||12|
|Notes to the Financial|Statements||13to 26|
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|Trustee||||Chard
Independent|Chard
Independent|Chard
Independent|School|School||
|---|---|---|---|---|---|---|---|---|---|
|Directors|of|Chard|Independent|Mrs S M Dare||||||
|||||Mr M Ferland|(resigned 31 March 2022)|||||
|||||Mr N Mayfield||||||
|||||Mrs E Sherman||||||
|||||Mr N Child (resigned|||13July 2022)|||
|||||Mr T Moran||||||
|||||Mrs A Lightfoot||||||
|||||Mrs A L Poole|(appointed|||24 November|2022)|
|Headteacher||||Mrs K Hill NPQH||BAEd (Hons)||||
|Charity Registration|||Number|310219||||||
|Principal|Office|||Chard School||||||
|||||Fore Street||||||
|||||Chard||||||
|||||Somerset||||||
|||||TA20 1QA||||||
|Independent||Examiner||Francis Clark|LLP|||||
|||||Ground
Floor||||||
|||||Blackbrook Gate||1||||
|||||Blackbrook Business|||Park|||
|||||Taunton||||||
|||||Somerset||||||
|||||TA1 2PX||||||
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|31 August|20|22||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||||Note|||
|Fixed assets||||||||
|Tangible assets|||||10|51,783|54,734|
|Investments|||||11|1,319|1,619|
|||||||53,102|56,353|
|Current assets||||||||
|Stocks|||||12||906|
|Debtors|||||13|131,885|156,499|
|Cash at bank|and|in hand|||14|255,943|176,427|
|||||||387,828|333,832|
|Creditors: Amounts|||falling due within one year||15|(41,522)|(38,100)|
|Net current assets||||||346,306|295,732|
|Total assets|less|current||liabilities||399,408|352,085|
|Creditors: Amounts|||falling due after more than one year||16|(39,978)|(40,192)|
|Deferred income|||||17|(172,508)|(153,404)|
|Net assets||||||186,922|158,489|
|Funds ofthe|charity:|||||||
|Endowment||||||8,111|9,533|
|Unrestricted|income||funds|||||
|Unrestricted||||||178,811|148,956|
|Total funds|||||21|186,922|158,489|
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|Cash Flow Statement
Year Ended 31 August|2022|||||
|---|---|---|---|---|---|
||||Note|2022
E|2021f|
|Cash flows from operating
activities||||||
|Net cash income/(expenditure)||||28,433|(36,559)|
|Adjustments
to cash flows from non-cash||items||||
|Depreciation||||2,951|2,948|
|Investment
income||||(14)|(19)|
|Revaluation
of investments||||300|44|
|||||31,670|(33,586)|
|Working
capital adjustments||||||
|Decrease/(increase)
in stocks|||12|906|(906)|
|Decrease/(increase)
in debtors|||13|24,614|(13,661)|
|Increase
in creditors|||15|5,532|8,040|
|Increase/(decrease)
in deferred|income||16|19,104|(3,327)|
|Net cash flows from operating|activities|||81,826|(43,440)|
|Cash flows from investing
activities||||||
|Interest receivable
and similar|income|||14|19|
|Cash flows from financing
activities||||||
|Repayment
of loans during
the|period|||(2,324)|(1,667)|
|Net increase/(decrease)
in cash and cash equivalents||||79,516|(45,088)|
|Cash and cash equivalents
at|1 September|||176,427|221,515|
|Cash and cash equivalents
at|31 August|||255,943|176,427|
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|2
Income fro|m|dona|tions
and legacies||||
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total|Total|
|||||Generalf|2022|2021|
|Donations
and|legacies:||||||
|Donations||||8,921|8,921|3,865|
|Grants,
including||capital grants:|||||
|Small business||grant|fund|5,845|5,845|2,604|
|Furlough
grant||||837|837|20,611|
|Government|funded||interest|||1,042|
|||||15,603|15,603|28,122|
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|||||||Unrestricted|||
|---|---|---|---|---|---|---|---|---|
|||||||funds|Total|Total|
|||||||Generalf|2022f|2021f|
||Preparatory|school fees||||349,932|349,932|350,904|
||Pre-preparatory||school fees|||104,349|104,349|91,751|
||Other educational|||charitable|activities|20,462|20,462|13,880|
|||||||474,743|474,743|456,535|
|4|Investment||income||||||
|||||||Unrestricted|||
|||||||funds|||
||||||||Total|Total|
|||||||Generalf|2022f|2021f|
|Interest receivable||||and similar|income;||||
||Interest receivable
on bank deposits|||||14|14|19|
|5|Other income||||||||
|||||||Unrestricted|||
|||||||funds|||
||||||||Total|Total|
|||||||General|2022|2021|
|Business
interruption||||insurance|claim|100,000|100,000||
|Rental income||||||16,015|16,015|15,402|
|||||||116,015|116,015|15,402|
|6|Expenditure||on|charitable|activities||||
||||||Activity||||
||||||undertaken|Activity|Total|Total|
||||||directlyf|support costsf|2022f|2021f|
||||||533,854|43,788|577,642|534,973|
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||||||Other|||
|---|---|---|---|---|---|---|---|
|||Governance|Insurance|Establishment|sUpport|Total|Total|
|||costs|costs
f|costs
f|costsf|2022|2021|
|Charity|activities|10,534|15,191|11,093|6,970|43,788|46,407|
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|Governance|costs||||||
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total|Total|
|||||General|2022|2021|
|Independent|examiner||fees||||
|Examination|ofthe financial statements|||3,163|3,163|3,188|
|Teachers pension||review||594|594|582|
|Legal and professional|||fees|1,595|1,595|1,519|
|Other governance||costs||5,182|5,182|9,067|
|||||10,534|10,534|14,356|
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|9
Staff costs
The aggregate
payroll costs were as follows:|||
|---|---|---|
||2022f|2021|
|Staff costs during the year were:|||
|Wages and salaries|366,376|360,041|
|Social security costs|27,946|21,950|
|Pension costs|64,194|64,178|
|Other staff costs|521|233|
||459,037|446,402|
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|10Tangible fixed assets||||
|---|---|---|---|
||Land and|Computer||
||buildings|equipment|Total|
|||F||
|Cost||||
|At 1 September 2021|115,843|7,719|123,562|
|At 31 August 2022|115,843|7,719|123,562|
|Depreciation||||
|At 1 September
2021|64,128|4,700|68,828|
|Charge for the year|1,698|1,253|2,951|
|At 31 August 2022|65,826|5,953|71,779|
|Net book value||||
|At 31 August 2022|50,017|1,766|51,783|
|At 31 August 2021|51,715|3,019|54,734|
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|11 Fixed asset|investments|||
|---|---|---|---|
|||Listed||
|||investments|Total|
|Valuation||||
|At 1 September|2021|1,619|1,619|
|Revaluation||(300)|(300)|
|At 31 August 2022||1,319|1,319|
|Net book value||||
|At 31 August 2022||1,319|1,319|
|At 31 August 2021||1,619|1,619|
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|12Stock|||
|---|---|---|
||2022|2021|
|Stocks||906|
|13Debtors|||
||2022|2021|
|Trade debtors|110,819|129,534|
|Other debtors|9,553|16,307|
|Prepayments|11,513|10,658|
||131,885|156,499|
|14Cash and cash equivalents|||
||2022|2021|
|Cash on hand|301|125|
|Cash at bank|255,642|176,302|
||255,943|176,427|
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|15Creditors:|amo|unts|falling d|ue within one year|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||f.||
|Trade creditors|||||6,369|5,111|
|Other loans|||||6,031|8,141|
|Other taxation|and|social security||||6,154|
|Other creditors|||||17,127|16,194|
|Accruals|||||11,995|2,500|
||||||41,522|38,100|
|16Creditors:|amounts||falling due aAer one year||||
||||||2022|2021|
|||||||F|
|Other loans|||||39,978|40,192|
|17 Deferred income|||||||
||||||2022|2021|
|Deferred income at 1 September||||2021|153,404|156,731|
|Resources deferred||in the period|||172,508|153,404|
|Amounts
released||from|previous|periods|(153,404)|(156,731)|
|Deferred income at 31 August 2022|||||172,508|153,404|
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|21 Funds|||||||
|---|---|---|---|---|---|---|
|||Balance at 1|||Other|Balance at|
|||September|Incoming|Resources|recognised|31 August|
|||2021|resources|expended
f|gains/(losses)|2022|
|Unrestricted|funds||||||
|General||148,956|606,311|(576,156)|(300)|178,811|
|Endowment|funds||||||
|Permanent||9,533||(1,422)||8,111|
|Total funds||158,489|606,311|(577,578)|(300)|186,922|
|||Balance at 1|||Other|Balance at|
|||September|Incoming|Resources|recognised|31 August|
|||2020|resources|expended|gains/(losses)|2021|
|||F|||F|F|
|Unrestricted|funds||||||
|General||183,895|500,014|(534,909)|(44)|148,956|
|Endowment|funds||||||
|Permanent||11,153||(1,620)||9,533|
|Total funds||195,048|500,014|(536,529)|(44)|158,489|
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|Fund ba|lances at 31August 202|2 are represented
by:|||
|---|---|---|---|---|
|||Unrestricted|Endowment||
|||funds|funds||
|||General funds|Permanent
funds|Total funds|
|Tangible|fixed assets|51,783||51,783|
|Fixed asset investments||1,319||1,319|
|Current|assets|379,717|8,111|387,828|
|Current|liabilities|(41,522)||(41,522)|
|Non-current
liabilities||(39,978)||(39,978)|
|Deferred|income|(172,508)||(172,508)|
|Total net assets||178,811|8,111|186,922|
|Fund ba|lances at 31August 202|1 are represented
by:|||
|---|---|---|---|---|
|||Unrestricted|Endowment||
|||funds|funds||
|||General funds|Permanent
funds|Total funds|
|Tangible|fixed assets|54,734||54,734|
|Fixed asset investments||1,619||1,619|
|Current|assets|324,299|9,533|333,832|
|Current|liabilities|(38,100)||(38,100)|
|Non-current
liabilties||(40,192)||(40,192)|
|Deferred|income|(153,404)||(153,404)|
|Total net assets||148,956|9,533|158,489|