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|Trustee's
Report|||1|to 11|
|---|---|---|---|---|
|Statement
ofTrustee's||Responsibilities||12|
|Independent
Examiner's||Report||13|
|Statement
of Financial||Activities||14|
|Balance Sheet||||15|
|Cash Flow Statement||||16|
|Notes to the Financial|Statements||17|to 30|
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|Reference and Administr|ative
Details|||||
|---|---|---|---|---|---|
|Trustee|Chard Independent
School|||||
|Directors of Chard Independent|Mrs S M Dare|||||
||Mr N Mayfield
(resigned 9 February 2024)|||||
||Mrs E Sherman
(resigned
12July 2023)|||||
||Mr T Moran|||||
||Mrs A Lightfoot (resigned
11 January 2024)|||||
||Mrs A
L Poole (appointed
24 November|2022|and|resigned|12|
||July 2023)|||||
||Mrs G L Buckley (appointed
11January 2024)|||||
||Mr M A Buckley (appointed
11January 2024)|||||
||Mrs A M Dugdale
(appointed
1 March 2024)|||||
||Mr S Hull (appointed
21 September 2023)|||||
||Ms Z Prien (appointed
23 January 2024)|||||
||Mr J M Salt (appointed
11 January 2024)|||||
||Mr M D Sitch (appointed
8 February 2024)|||||
||Mr TWootten (appointed
11January 2024)|||||
||Rev.
D
Perreau
(appointed
10 August|2023|and|resigned|8|
||February 2024)|||||
||Mrs A Dugdale
(appointed
1 March 2024)|||||
||Mr PJ Higgs (appointed
12March 2024)|||||
|Headteacher|Mrs K Hill NPQH BAEd (Hons)|||||
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|31 August|20|23|||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Note|||
|Fixed assets|||||||
|Tangible assets||||10|49,384|51,783|
|Investments||||11|1,203|1,319|
||||||50,587|53,102|
|Current assets|||||||
|Debtors||||12|142,681|131,885|
|Cash at bank|and|in hand||13|201,665|255,943|
||||||344,346|387,828|
|Creditors: Amounts|||falling due within one year||42,468)|41,522|
|Net current assets|||||301,878|346,306|
|Total assets|less|current liabilities|||352,465|399,408|
|Creditors: Amounts|||falling due after more than one year|15|(34,104)|(39,978)|
|Deferred income||||16|165,902|172,508)|
|Net assets|||||152,459|186,922|
|Funds ofthe charity:|||||||
|Endowment|||||3,035|8,111|
|Unrestricted|income||funds||||
|Unrestricted|||||149,424|178,811|
|Total funds||||20|152,459|186,922|
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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Note|||
|Cash flows from operating
activities|||||||
|Net cash (expenditure)/income|||||(34,463)|28,433|
|Adjustments
to cash flows from non-cash|||items||||
|Depreciation|||||2,988|2,951|
|Investment
income|||||(36)|(14)|
|Revaluation
of investments|||||116|300|
||||||(31,395)|31,670|
|Working
capital adjustments|||||||
|Decrease
in stocks||||||906|
|(Increase)/decrease
in debtors||||12|(10,796)|24,614|
|Increase
in creditors||||14|946|5,532|
|(Decrease)/increase
in deferred||income||15|(6,606)|19,104|
|Net cash flows from operating||activities|||(47,851)|81,826|
|Cash flows from investing
activities|||||||
|Interest receivable
and similar||income||4|36|14|
|Purchase
oftangible
fixed assets||||10|(589)||
|Net cash flows from investing|activities||||(553)|14|
|Cash flows from financing
activities|||||||
|Repayment
of loans during
the||period|||(5,874)|(2,324)|
|Net (decrease)/increase
in cash and cash equivalents|||||(54,278)|79,516|
|Cash and cash equivalents
at||1 September|||255,943|176,427|
|Cash and cash equivalents
at|31 August||||201,665|255,943|
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|2
Inco|me|from|donations
and legacies||||
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total|Total|
|||||General|2023f|2022|
|Donations||and legacies:|||||
|Donations||||3,987|3,987|8,921|
|Grants,|including||capital grants:||||
|Small|business||grant fund|||5,845|
|Furlough||grant||||837|
|||||3,987|3,987|15,603|
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|3|Income from|Income from|charitable|charitable|charitable|activities|activities||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted|||
|||||||||funds|Total|Total|
|||||||||General
F|2023f|2022f|
||Preparatory|school|||fees|||353,361|353,361|349,932|
||Pre-preparatory|||school fees||||161,420|161,420|104,349|
||Other educational||||charitable||activities|16,567|16,567|20,462|
|||||||||531,348|531,348|474,743|
|4|Investment|income|||||||||
|||||||||Unrestricted|||
|||||||||funds|||
||||||||||Total|Total|
|||||||||General|2023|2022|
||||||||||E||
|Interest receivable||||and similar|||income;||||
||Interest receivable||||on bank|deposits||36|36|14|
|5|Other income||||||||||
|||||||||Unrestricted|||
|||||||||funds|||
||||||||||Total|Total|
|||||||||General|2023|2022|
|Business
interruption|||||insurance||claim|||100,000|
|Rental income||||||||17,685|17,685|16,015|
|||||||||17,685|17,685|116,015|
|6|Expenditure||on||charitable||activities||||
||||||||Activity||||
||||||||undertaken|Activity|Total|Total|
||||||||directly|support costs|2023|2022f|
||||||||541,382|46,021|587,403|577,642|
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|Support|costs|allocated to charitable
activities|allocated to charitable
activities|allocated to charitable
activities||||
|---|---|---|---|---|---|---|---|
||||||Other|||
|||Governance|Insurance|Establishment|support|Total|Total|
|||costs|costs
f|costs
f|costs|2023f|2022|
|Charity|activities|13,927|16,474|8,236|7,384|46,021|43,788|
##
|Governance|costs|||||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|||
||||||funds|Total|Total|
||||||General|2023f|2022|
|Independent|examiner||fees|||||
|Examination|ofthe financial|||statements|4,232|4,232|3,163|
|Teachers pension||review|||760|760|594|
|Legal and professional|||fees||1,276|1,276|1,595|
|Other governance||costs|||7,659|7,659|5,182|
||||||13,927|13,927|10,534|
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|9 Staff costs
The aggregate
payroll costs were as follows:|||
|---|---|---|
||2023f|2022f|
|Staff costs during the year were:|||
|Wages and salaries|391,821|366,376|
|Social security costs|32,740|27,946|
|Pension costs|68,058|64,194|
|Other staff costs|998|521|
||493,617|459,037|
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||No|No|
|Average|number|of|employees|during|the|year|22|23|
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|10Tangible fixed assets||||
|---|---|---|---|
||Land and|Computer||
||buildingsf|equipment|Total|
|Cost||||
|At 1 September 2022|115,843|7,719|123,562|
|Additions||589|589|
|At 31 August 2023|115,843|8,308|124,151|
|Depreciation||||
|At 1 September
2022|65,826|5,953|71,779|
|Charge for the year|1,696|1,292|2,988|
|At 31 August 2023|67,522|7,245|74,767|
|Net book value||||
|At 31 August 2023|48,321|1,063|49,384|
|At 31 August 2022|50,017|1,766|51,783|
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|11 Fixed asset investments|||
|---|---|---|
||Listed||
||investmentsf|Totalf|
|Valuation|||
|At 1 September 2022|1,319|1,319|
|Revaluation|(116)|(116)|
|At 31 August 2023|1,203|1,203|
|Net book value|||
|At 31 August 2023|1,203|1,203|
|At 31 August 2022|1,319|1,319|
##
|12Debtors|||
|---|---|---|
||2023f|2022f|
|Trade debtors|122,710|110,819|
|Other debtors|9,815|9,553|
|Prepayments|10,156|11,513|
||142,681|131,885|
##
|13C|ash|and cash equivalents|||
|---|---|---|---|---|
||||2023|2022f|
|Cash|on|hand|444|301|
|Cash|at|bank|201,221|255,642|
||||201,665|255,943|
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|14Creditors:|amo|unts|falling d|ue within one year|||
|---|---|---|---|---|---|---|
||||||2023f|2022
f.|
|Trade creditors|||||3,548|6,369|
|Otherloans|||||6,031|6,031|
|Other taxation|and|social security|||7,262||
|Other creditors|||||18,102|17,127|
|Accruals|||||7,525|11,995|
||||||42,468|41,522|
|15Creditors:|amounts||falling due after one year||||
||||||2023|2022f|
|Other loans|||||34,104|39,978|
|16Deferred income|||||||
||||||2023f|2022
E|
|Deferred income at 1 September||||2022|172,508|153,404|
|Resources deferred||in the period|||165,902|172,508|
|Amounts
released||from|previous|periods|(172,508)|(153,404)|
|Deferred
income at 31 August 2023|||||165,902|172,508|
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|20 Funds|||||||
|---|---|---|---|---|---|---|
|||Balance at 1|||Other|Balance at|
|||September|Incoming|Resources|recognised|31 August|
|||2022f|resources|expended
f|gains/(losses)
f|2023
f|
|Unrestricted|funds||||||
|General||178,811|552,992|(582,263)|(116)|149,424|
|Endowment|funds||||||
|Permanent||8,111||(5,076)||3,035|
|Total funds||186,922|552,992|(587,339)|(116)|152,459|
|||Balance at 1|||Other|Balance at|
|||September|Incoming|Resources|recognised|31August|
|||2021f|resources
f|expended
f|gains/(losses)
f|2022f|
|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|
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|Fund ba|lances at 31 August 202|3 are represented
by:|||
|---|---|---|---|---|
|||Unrestricted|Endowment||
|||funds|funds||
|||General funds|Permanent
funds|Total funds|
|Tangible|fixed assets|49,384||49,384|
|Fixed asset investments||1,203||1,203|
|Current|assets|341,311|3,035|344,346|
|Current|liabilities|(42,468)||(42,468)|
|Non-current
liabilities||(34,104)||(34,104)|
|Deferred|income|(165,902)||(165,902)|
|Total net assets||149,424|3,035|152,459|
|Fund ba|lances at 31 August
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
liabilties||(39,978)||(39,978)|
|Deferred|income|(172,508)||(172,508)|
|Total net assets||178,811|8,111|186,922|