2023-08-31-accounts - The Downs School (Charlton House) Limited

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						Page
Reference and administrative		details	ofthe Company,	its Governors	and advisers
Governors'	report
Independent	auditors' report	on the	financial statements			15-18
Consolidated	statement offinancial		activities			19
Consolidated	balance sheet					20
Company balance sheet						21
Consolidated	statement ofcash flows					22
Notes to the	financial statements					23-44

Governors			Mr N. Pursall (appointed	Mr N. Pursall (appointed	Mr N. Pursall (appointed	1	September 2022)
			Mr C.R.G. Biggin
			Mr J.M. Collard, (appointed				as Chair 9October 2023)
			Mr D.J.Ferris (resigned			31 August 2023)
			Mr J.A. Isaacs, (stepped			down as Chair 9October 2023)
			Mr T.P. Lloyd-Jones
			Mrs H. Mack
			Mr T.P. Matthews
			Mr B.J. Northover
			Mr T. O' Sullivan
			Mr T.Tainton (resigned			14August 2023)
			Ms J.Oliver (appointed			1 September 2022)
			Dr R.S.Thomson
			Mrs R.E.Thornton
			Mr C.N.I. Tuttiett
Company	registered
number			01072074
Charity registered
number			310279
Registered		office	The Downs School
			Charlton House
			Wraxall
			Bristol
			BS481PF
Company	secretary		Mr. J.Barclay
Headteacher			Mrs D.J.Isaachsen
Independent		auditors	Bishop Fleming LLP
			Chartered Accountants
			10Temple Back
			Bristol
			BS16FL
Bankers			Barclays Bank pic
			4th Floor, Bridgewater		House
			Counterslip
			Finzels Reach
			Bristol
			BS16BX
Solicitors			Veale Wasbrough	Vizards LLP
			Narrow Quay House
			Narrow Quay
			Bristol
			BS14QA

Bursary Committee	Bursary Committee	Bursary Committee			Mr T.P. Lloyd-Jones	Mr T.P. Lloyd-Jones	(Chair)	(Chair)
					Mr J.Barclay
					Mrs D. Isaachsen
					Mrs H. Mack
					Mrs R.E.Thornton
Strategy Committee					Mr D.J.Ferris (Chair)		(resigned			31	August 2023)
					Mr J. Barclay
					Mr J.M. Collard
					Mrs D. Isaachsen
					MrJ.A. Isaacs
					Mr B.J.Northover
					Ms J.Oliver (appointed			01 September				2022)
					Mr T.Tainton (resigned			31August			2023)
					Mr C.N.I. Tuttiett
Nursery Committee					MrJ.M. Collard (Chair)
					Mr J. Barclay
					Mrs D. Isaachsen
					Mr M.A. Newman	jindependent				Director]
					Dr R.S.Thomson
					Mrs R. E.Thornton
Remuneration		Committee			Mrs R.E.Thornton	(Chair)
					Mr J. Barclay
					Mrs D. Isaachsen
					Mr J.A. Isaacs
Education	Committee				Mr T. O' Sullivan (Chair)
					Mrs D. Isaachsen
					Mr N. Pursall (appointed			01	September			2022)
Risk and Regulatory			Committee		Mr B.J.Northover	(Chair)
					Mr J.Barclay
					Mrs D. Isaachsen
					Ms J. Oliver (appointed			01 September				2022)
					Mr N. Pursall (appointed			01	September			2022)
					Dr. R.S.Thomson
Governors'	Development			Committee	Mr J.A. Isaacs (Chair)
					Mr D.J.Ferris (resigned			31	August		2023)
					Mrs D. Isaachsen
					Mr B.J.Northover
Health and	Safety Committee				Mr J. Barclay (Chair)
					Mr J.M. Collard
					Mrs D. Isaachsen
					Mrs R.E.Thornton
					Mr C.N.I. Tuttiett
Downs School		Association		Committee	Mrs. F.Collins (Chair)		(appointed				05 October 2022)
					Mrs E. Ellis (Secretary)			(appointed			05	October 2022)
					Mrs C. Johnson (Treasurer)				(appointed			05 October 2022)

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
		Note	2023 f	2023 f	2023	2022 E
Income from:
Donations and legacies			1,700	8,969	10,669	9,715
Charitable activities				4,339,808	4,339,808	3,909,062
Other trading activities				877,138	877,138	856,058
Investments				11,863	11,863	559
Other income						1,831
Total income			1,700	5,237,778	5,239,478	4,777,225
Expenditure on:
Raising funds				728,173	728,173	635,539
Charitable activities			437	4,400,837	4,401,274	3,860,767
Total expenditure			437	5,129,010	5,129,447	4,496,306
Net movement in funds			1,263	108,768	110,031	280,919
Reconciliation offunds:
Total funds brought	forward		235	4,102,997	4,103,232	3,822,313
Net movement in funds			1,263	108,768	110,031	280,919
Total funds carried forward			1,498	4,211,765	4,213,263	4,103,232

						2023		2022
				Note		F		E
Fixed assets
Tangible assets				13		4,722,897		3,863,190
						4,722,897		3,863,190
Current assets
Stocks				15	30,449		30,163
Debtors				16	199,177		236,012
Cash at bank and	in	hand			1,579,105		1,649,356
					1,808,731		1,915,531
Creditors: amounts		falling	due within one
year				17	(1,274,021)		(1,090,952)
Net current assets						534,710		824,579
Total assets less	current		liabilities			5,257,607		4,687,769
Creditors: amounts		falling	due after more
than one year				18		(1,044,344)		(584,537)
Total net assets						4,213,263		4,103,232
Charity funds
Restricted funds				20		1,498		235
Unrestricted funds				20		4,211,765		4,102,997
Total funds						4,213,263		4,103,232

						2023		2022
				Note		F		E
Fixed assets
Tangible assets				13		4,694,516		3,834,803
Investments				14		1		1
						4,694,517		3,834,804
Current assets
Stocks				15	26,327		24,419
Debtors				16	332,898		450,594
Cash at bank and	in hand				1,469,002		1,502,657
					1,828,227		1,977,670
Creditors: amounts	falling		due within one
year				17	(1,206,761)		(1,050,151)
Net current assets						621,466		927,519
Total assets less	current		liabilities			5„315,983		4,762,323
Creditors: amounts	falling		due after more
than one year				18		(1,044,344)		(584,537)
Net assets excluding		pension asset				4,271,639		4,177,786
Total net assets						4„271,639		4,177,786
Charity funds
Restricted funds				20		1,498		235
Unrestricted funds				20		4,270,141		4,177,551
Total funds						4,271,639		4,177,786

			2023	2022
				E
Cash flows from operating	activities
Net cash used in operating	activities		523,811	581,991
Cash flows from investing	activities
Investment income			11,196	559
Purchase oftangible fixed assets			(1,070,443)	(272,083)
Net cash used in investing	activities		(1,059,247)	(271,524)
Cash flows from financing	activities
Repayments of borrowing			(131,613)	(383,802)
Repayments of hire purchase loans			(10,440)	(10,013)
Interest paid on borrowings			(42,762)	(19,141)
Cash proceeds from new loan			650,000
Net cash provided by/(used in) financing		activities	465,185	(412,956)
Change in cash and cash	equivalents in	the year	(70,251)	(102,489)
Cash and cash equivalents	at the beginning	ofthe year	1,649,356	1,751,845
Cash and cash equivalents	at the end of	the year	1,579,105	1,649,356
The notes on pages 23to 44 form part ofthese financial statements

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2023	2023f	2023	2022 E
General	Donations	1,700		1,700	942
The Downs School Association			8,969	8,969	8,773
		1,700	8,969	10,669	9,715
TOTAL	2022	942	8,773	9,715

INCOME FROM CHARITA	BLE ACTIVITIES
		2023	2022
		E	E
Gross fees receivable		4,292,468	4,021,129
Bursaries and scholarships		(468,849)	(514,182)
Income from rechargeable	expenditure	507,740	394,815
Registration fees		8,449	7,300
		4,339,808	3,909,062

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		E
Letting s		27,340	27,340	23,892
Other income		17,142	17,142	6,189
Fundraising	income	30,262	30,262	59,772
		74,744	74,744	89,853
TOTAL 2022		89,853	89,853

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023f	2022
Nursery	income	802,394	802,394	766,205
TOTAL	2022	766,205	766,205

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	f.		E
Rental income	667	667	466
Bank interest	11,196	11,196	93
	11,863	11,863	559
TOTAL2022	559	559

Unrestricted	Total	Total
funds	funds	funds
2023	2023	2022
E	F
		1,831
1,831	1,831

						Unrestricted	Total	Total
						funds	funds	funds
						2023	2023	2022
						F	F	F
Fundraising		expenditure				18,368	18,368	36,066
TOTAL	2022					36,066	36,066
Expenditure		from non	charitable	trading	activities
						Unrestricted	Total	Total
						funds	funds	funds
						2023	2023	2022
							F
Nursery	cost	ofsales				87,619	87,619	74,362
Nursery	administration		expenses			86,354	86,354	72,540
Nursery	cost	ofsales staff costs				450,160	450,160	356,672
Nursery	administration		staff costs			81,486	81,486	78,621
Nursery	depreciation					4,186	4,186	17,278
						709,805	709,805	599,473
TOTAL	2022					599,473	599,473

	Activities
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2023	2023	2023	2022
		E	F	E
Education	3,090,635	1,310,639	4,401,274	3,860,767
TOTAL 2022	2,760,188	1,100,579	3,860,767

			Total	Total
		Education	funds	funds
		2023	2023	2022
		E	f.
Staff costs		2,201,487	2,201,487	1,990,472
Depreciation		83,269	83,269	89,441
Educational	supplies	357,328	357,328	253,993
Household	and welfare	16,253	16,253	14,053
Catering		367,770	367,770	356,382
Transport		64,528	64,528	55,847
		3,090,635	3,090,635	2,760,188

								Total	Total
							Education	funds	funds
							2023	2023	2022
									F
	Staff costs						470,495	470,495	428,747
	Depreciation						122,951	122,951	114,322
	Educational	supplies					54,306	54,306	39,926
	Other costs						144,147	144,147	77,188
	Premises costs						256,633	256,633	246,087
	Grounds maintenance						37,072	37,072	44,687
	Management	expenses					98,845	98,845	88,663
	Financing expenses						52,732	52,732	19,141
	Legal and professional						56,232	56,232	25,032
	Governance						17,226	17,226	16,786
							1,310,639	1,310,639	1,100,579
11.	NET INCOME/EXPENDITURE
								2023	2022
									E
	Depreciation	oftangible	fixed assets:
	-owned by	the charitable		group				208,183	221,041
	Fees payable	to the Company's			auditor	in respect of:
	Auditors' remuneration		- audit					13,750	12,850
	Auditors' remuneration		-other		services			9,750	5,965
	Operating lease rentals							15,442	20,892

			Group	Group	Company	Company
			2023	2022	2023	2022
					E	E
Wages and salaries			2,718,948	2,398,808	2,225,005	1,993,428
Social security costs			225,520	203,953	198,951	183,551
Employer	contribution	to pension schemes	259,160	251,751	248,026	242,240
			3,203,628	2,854,512	2,671,982	2,419,219

			Group	Group	Company	Company
			2023	2022	2023	2022
			No.	No.	No.	No.
Teaching	staff		57	50	57	50
Administrative		staff	55	56	28	29
			112	106	85	79

			Group	Group	Company	Company
			2023	2022	2023	2022
			No.	No.	No.	No.
Teaching	staff		41	35	41	35
Administrative		staff	41	40	20	22
			82	75	61	57

Group	Group
2023	2022
No.	No.

					Other
	Freehold	Motor	Fixtures and	Computer	fixed
	property	vehicles E	fittings	equipment	assetsf	Total E
COST OR
VALUATION
At 1 September 2022	5,380,259	11,500	1,125,591	326,847	153,897	6,998,094
Additions	921,923	30,900	44,026	62,069	11,525	1,070,443
Disposals			(190)	(16,692)	-	(16,882)
At 31 August 2023	6,302,182	42,400	1,169,427	372,224	165,422	8,051,655
DEPRECIATION
At 1 September 2022	1,934,914	10,800	840,411	268,061	80,718	3,134,904
Charge for the year	101,803	8,425	54,839	32,616	12,723	210,406
On disposals			(190)	(16,362)	-	(16,552)
At 31 August 2023	2,036,717	19,225	895,060	284,315	93,441	3,328,758
NET BOOK VALUE
At 31 August 2023	4,265,465	23,175	274,367	87,909	71,981	4,722,897
At 31 August 2022	3,445,345	700	285,180	58,786	73,179	3,863,190

			Fixtures		Other
	Freehold	Motor	and	Computer	fixed
	property	vehicles	fittings	equipment	assets	Total
	F	F	F		F	F
COST OR VALUATION
At 1 September 2022	5,380,259	11,500	1,024,050	322,335	153,897	6,892,041
Additions	921,923	30,900	42,475	59,110	11,525	1,065,933
Disposals				(15,715)		(15,715)
At 31 August 2023	6,302,182	42,400	1,066,525	365,730	165,422	7,942,259
DEPRECIATION
At 1 September 2022	1,934,914	10,800	766,228	264,578	80,718	3,057,238
Charge for the year	101,803	8,425	51,490	31,779	12,723	206,220
On disposals				(15,715)	-	(15,715)
At 31 August 2023	2,036,717	19,225	817,718	280,642	93,441	3,247,743
NET BOOK VALUE
At 31 August 2023	4,265,465	23,175	248,807	85,088	71,981	4,694,516
At 31 August 2022	3,445,345	700	257,822	57,757	73,179	3,834,803

	Investments
	in
	subsidiary
	companies
COMPANY	F
COST OR VALUATION
At 1 September 2022
AT 31 AUGUST 2023
NET BOOK VALUE
AT 31 AUGUST 2023
AT 31AUGUST 2022

15.	STOCKS
		Group	Group	Company	Company
		2023	2022	2023	2022
			E	E
	Consumables	30,449	30,163	26,327	24,419
16.	DEBTORS

		Group	Group	Company	Company
		2023	2022	2023	2022
			E		F
DUE WITHIN	ONE YEAR
Trade debtors		123,052	106,703	116,424	102,279
Amounts owed by Group undertakings				155,353	231,388
Prepayments	and accrued income	76,125	129,309	61,121	116,927
		199,177	236,012	332,898	450,594

CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
						Group	Group	Company	Company
						2023	2022	2023	2022
							E
Bank loans						188,794	135,594	188,794	135,594
Payments received	on		account			128,700	130,868	128,700	130,868
Trade creditors						147,598	136,971	131,794	120,461
Other taxation and	social			security		54,104	51,198	48,101	46,306
Obligations under finance				lease and hire
purchase contracts						5,380	10,440	5,380	10,440
Other creditors						68,825	64,801	51,909	49,213
Accruals and deferred			income			680,620	561,080	652,083	557,269
						1,274,021	1,090,952	1,206,761	1,050,151
						Group	Group	Company	Company
						2023f	2022 F	2023 E	2022
Deferred income at		1 September			2022	513,192	459,051	513,192	459,051
Resources deferred		during the year				635,664	513,192	607,203	513,192
Amounts released	from previous				periods	(513,192)	(459,051)	(513,192)	(459,051)
						635,664	513,192	607,203	513,192

			Group	Group	Company	Company
			2023	2022	2023	2022
				E	f	E
Bank loans			1,044,344	579,157	1,044,344	579,157
Net obligations		under finance lease and hire
purchase	contracts			5,380		5,380
			1,044,344	584,537	1,044,344	584,537

FINANCIAL	FINANCIAL	INSTRUMENTS	INSTRUMENTS
						Group	Group	Company	Company
						2023	2022	2023	2022
							E	E
FINANCIAL		ASSETS
Financial	assets measured		at	amortised	cost	1,716,496	1,770,124	1,748,824	1,850,389
						Group	Group	Company	Company
						2023	2022	2023	2022
							F	E	E
FINANCIAL		LIABILITIES
Financial	liabilities measured			at amortised
cost						1,657,239	1,162,297	1,618,516	1,121,496

STATE	MENT OF FUNDS	- CURRENT Y	EAR
			Balance at 1			Balance at
			September			31August
			2022	Income f	Expenditure f'.	2023 f.
UNRESTRICTED FUNDS
General	Funds		4,157,583	4,396,215	(4,314,107)	4,239,691
The Downs School Association			19,968	39,169	(28,687)	30,450
Downs	School Enterprises	Limited	(74,554)	802,394	(786,216)	(58,376)
			4,102,997	5,237,778	(5,129,010)	4,211,765
RESTRICTED FUNDS
Donations			235	1,700	(437)	1,498
TOTAL	OF FUNDS		4,103,232	5,239,478	(5,129,447)	4,213,263

STATE	MENT OF FUNDS	- PRIOR YEA	R
			Balance at			Balance at
			1 September			31 August
			2021	Income	Expenditure	2022
			E	E
UNRESTRICTED FUNDS
General	Funds		3,972,917	3,941,533	(3,756,867)	4,157,583
The Downs School Association			38,474	68,545	(87,051)	19,968
Downs	School Enterprises	Limited	(191,578)	766,205	(649,181)	(74,554)
			3,819,813	4,776,283	(4,493,099)	4,102,997
RESTRICTED FUNDS
Donations			2,500	942	(3,207)	235
TOTAL	OF FUNDS		3,822,313	4,777,225	(4,496,306)	4,103,232

ANALY	SIS O	F NET ASSETS BETWEEN FUNDS	- CURRENT YEAR
			Restricted	Unrestricted	Total
			funds	funds	funds
			2023	2023	2023
			E	F	E
Tangible	fixed	assets		4,722,897	4,722,897
Current	assets		1,498	1,813,527	1,815,025
Creditors	due	within one year		(1,280,315)	(1,280,315)
Creditors	due	in more than one year		(1,044,344)	(1,044,344)
TOTAL			1,498	4,211,765	4,213,263

ANALYS	IS O	F NET ASSETS BETWEEN FUNDS	-PRIOR YEAR
			Restricted	Unrestricted	Total
			funds	funds	funds
			2022	2022	2022
				E	E
Tangible	fixed	assets		3,863,190	3,863,190
Current	assets		235	1,915,296	1,915,531
Creditors	due	within one year		(1,090,952)	(1,090,952)
Creditors	due	in more than one year		(584,537)	(584,537)
TOTAL			235	4,102,997	4,103,232

	RECONCILIATION	OF	NET	MOVEMENT	IN	FUNDS	TO	NET	CASH	FLOW	FROM	OPERATING
22.	ACTIVITIES

					Group	Group
					2023	2022
					F
	Net income for the year (as per Statement			of Financial Activities)	110,031	280,919
	ADJUSTMENTS FOR:
	Depreciation charges				210,406	221,041
	Interest	income			(11,196)	(559)
	Loss on	the sale offixed assets			330	11,209
	Increase	in stocks			(286)	(11,470)
	Decrease/(increase)		in debtors		36,835	(37,995)
	Increase	in creditors			134,929	99,705
	Interest	paid			42,762	19,141
	NET CASH PROVIDED BYOPERATING ACTIVITIES				523,811	581,991
23.	ANALYSIS OF CASH AND CASH EQUIVALENTS
					Group	Group
					2023	2022
	Cash in	hand			1,579,105	1,649,356
	TOTAL	CASH AND	CASH EQUIVALENTS		1,579,105	1,649,356

				Cash
		At 1		inflows	Repayment	Finance
		September		from net	of	lease	At 31
		2022	Cash flows	borrowings	borrowings	repayments	August 2023
			F	F			F
Cash	at bank
and	in hand	1,649,356	(720,251)	650,000			1,579,105
Debt	due within
1 year		(135,594)			(53,200)		(188,794)
Debt	due after 1
year		(579,157)			(465,187)		(1,044,344)
Finance leases		(15,820)				10,440	(5,380)
		918,785	(720,251)	650,000	(518,387)	10,440	340,587

			Group	Group
			2023	2022
			F	E
CONTRACTED FOR		BUT NOT PROVIDED IN THESE FINANCIAL
STATEMENTS
Acquisition	oftangible	fixed assets	26,102

payments	und	er non-cancellable operating lease	s as follows:
			Group	Group	Company	Company
			2023	2022	2023	2022
				E
Not later than		1 year	15,607	5,518	15,607	5,518
Later than	1 year and not later than 5years		25,930		25,930
			41,537	5,518	41,537	5,518