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##
|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe School, its Governors|and Advisers||
|Governors'
Report||||2-15|
|Statement ofGovernors'
Responsibilities|||||
|Independent
Auditor's|Report|on the Financial Statements||17-20|
|Statement of Financial|Activities|||21|
|Balance Sheet||||22|
|Statement ofCash Flows||||23|
|Notes to the Financial|Statements|||24-49|
|Governors|||JA Davison,|JA Davison,|BA|Hone, Chair|
|---|---|---|---|---|---|---|
||||S Clark, BSc,FRICS, ACIArb||||
||||BCooper,|MA, PGCE|||
||||PJ Evans,|BA Hons, LTCL, PGCE|||
||||A Leyshon,||BA Hons, ACA||
||||RA S Mallinson,|||BSc,LLB|
||||AA Melrose, CA|||(SA)|
||||C W Symes,||BSc,MAEd, MCGI, PGCE||
||||FStack, MA||ED(open), BA Hons, PGCE, Mont Dip||
||||R Bhoola||||
||||K Prest||||
||||TSexton||||
|Company|registered||||||
|number|||00912265||||
|Charity registered|||||||
|number|||310481||||
|Registered||office|Orwell Park||School||
||||Nacton||||
||||Ipswich||||
||||Suffolk||||
||||IP10OER||||
|Independent||auditor|MHA||||
||||Colchester|Business Park|||
||||910The Crescent||||
||||Colchester||||
||||Essex||||
||||C04 9YQ||||
|Bankers|||Barclays Bank PLC||||
||||1 Princes Street||||
||||Ipswich||||
||||Suffolk||||
||||IP57RF||||
|Solicitors|||Barker Gotelee||||
||||41cBarrack||Square||
||||Martlesham||||
||||Ipswich||||
||||Suffolk||||
||||IPS7RF||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
|||Note|6|6|6|E|
|Income from:|||||||
|Donations
and grants||4|2,826||2,826|258,378|
|Charitable
activities||5,6|4,357,525||4,357,525|3,882034|
|Other trading
activities||9|151,186||151,186|157,869|
|Investments||10|308||308|74|
|Total income|||4,511,845||4,511,845|4,308,355|
|Expenditure
on:|||||||
|Raising funds||11|45,072||45,072|38,009|
|Charitable
activities||12,13|4,603,165||4,603,165|4,506,433|
|Total expenditure|||4,648,237||4,648,237|4,544,442|
|Net movement
in funds before other|||||||
|recognised
gains|||(136,392)||(136,392)|(236,087)|
|Other recognised gains:|||||||
|Gains on revaluation|offixed assets||1,009,997||1,009,997|314,846|
|Net movement
in funds|||873,605||873,605|78,759|
|Reconciliation
offunds:|||||||
|Total funds brought
forward||24|4,442,221|3,668|4,445,889|4,367,130|
|Net movement
in funds|||873,605||873,605|78,759|
|Total funds carried forward||24|5,315,826|3,668|5,319,494|4,445,889|
##
||||Note|2022f|2022f|2021|2021f|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Tangible assets|||18||7„187,196||6,148,414|
|Investments|||19||100||100|
||||||7,187,296||6,148,514|
|Current assets||||||||
|Stocks|||20|8,449||7,349||
|Debtors|||21|309,954||210,010||
|Cash at bank and|in hand||27|852||386,124||
|||||319,255||603,483||
|Creditors: amounts|falling|due within one||||||
|year|||22|(1,017,038)||(1,019,875)||
|Net current
liabilities|||||(697,783)||(416,392)|
|Total assets less|current|liabilities|||6,489„513||5,732 122|
|Creditors: amounts|falling|due after more||||||
|than one year|||23||(1,170,019)||(1,286,233)|
|Total net assets|||||5,319,494||4,445,889|
|Charity funds||||||||
|Restricted funds|||24||3,668||3,668|
|Unrestricted
funds|||24||5,315,826||4,442,221|
|Total funds|||||5,319,494||4,445,eeg|
##
##
||||Note|2022f|2021f|
|---|---|---|---|---|---|
|Cash flows from operating|activities|||||
|Net cash used
in operating|activities||26|(340,211)|(164,031)|
|Cash flows from investing|activities|||||
|Investment
income|||10|308|74|
|Purchase oftangible
fixed assets|||18|(76,186)|(199,727)|
|Interest paid|||11|(39,812)|(29,522)|
|Net cash used in investing|activities||11|(115,690)|(229,175)|
|Cash flows from financing|activities|||||
|Repayment
of bank loan|||23|(89,732)|(81,048)|
|Net cash used in financing|activities|||(89,732)|(81,048)|
|Change
in cash and cash|equivalents
in|the year||(545,633)|(474,254)|
|Cash and cash equivalents|at the beginning|ofthe year||386,124|860,378|
|Cash and cash equivalents|at the end of|the year|27|(159,509)|385,124|
|The notes on pages 24 to49form part ofthese financial statements.||||||
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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022|2022|
||||||6|
|HMRC|Job|retention|scheme|2,826|2,826|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2021
6|2021f|
|HMRC|Job|retention|scheme|268,378|268,378|
##
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##
||||||Unrestricted|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2022|
||||||6|6|
||Educational|operations|||4,357,525|4,357,525|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2021|2021|
||Educational|operations|||3,882034|3,882,034|
|6.|Analysis of|income from charitable|activities|by type ofincome|||
|||||||As resteled|
|---|---|---|---|---|---|---|
||||||2022
f|2021
8|
|Fees|recivable|||7|4,064,149|3,725,237|
|Other|ancillary|trading|income|8|293,376|156,797|
||||||4,357,525|3,882,034|
##
##
##
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||6||
|Gross|fees|||||4,885,403|4,455,158|
|Less;|total|bursaries,|grants|and|allowances|(821,254)|(729,921)|
|||||||4,064,149|3,725,237|
##
|Other ancillary trading
income|||
|---|---|---|
|||As restated|
||2022|2021|
|||5|
|I earning
support|78,011|59,940|
|Registration
fees|5,872|6,175|
|Insurance
commission|13,006|14,535|
|Sundry income|73,103|43,155|
|School activity income|108,504|29,910|
|Orwell Park activities income|14,880|3,080|
||293,376|156,797|
##
##
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2022|
||||E|E|
||Fundraising||30,271|30,271|
||Concerts and events||9,218|9,218|
||Letting income||111,697|111,697|
||Total 2022||151,186|151,186|
||||Unrestricted|Total|
||||funds|funds|
||||2021|2021|
||Fundraising||52916|52,916|
||Letting income||104,953|104,953|
||Total 2021||157,869|157,869|
|10.|Investment|income|||
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2022|
||||E||
|Bank|interest|receivable|308|308|
||||Unrestricted|Total|
||||funds|funds|
||||2021f|2021
E|
|Bank|interest|receivable|74||
##
##
##
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022f|2022
F|
|Bank|interest|39,812|39,812|
|Cost|of lettings|5,260|5,260|
|Total|2022|45,072|45,072|
|||As restated|As restated|
|||Unrestricted|Total|
|||funds|funds|
|||2021|2021|
|Bank|interest|35,022|35,022|
|Cost|of lettings|2,987|2987|
|Total|2021as restated|38,009|38,009|
##
##
##
|||||Unrestricted||
|---|---|---|---|---|---|
|||||funds|Total|
|||||2022|2022|
||||||5|
|Schools|and|grant|making|4,603,165|4,603,165|
|||||Unrestricted||
|||||funds|Total|
|||||2021|2021|
|Schools|and|grant|making|4,506,433|4,506,433|
##
|||||Activities|||
|---|---|---|---|---|---|---|
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2022|2022|2022|
|||||5|E||
|Schools|and|grant|making|3,795,261|807,904|4,603,165|
|||||Activities|||
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2021f|2021f|2021
5|
|Schools|and|grant|making|3,794,047|712,386|4,506,433|
##
##
##
|||Total|Tolal|
|---|---|---|---|
|||funds|funds|
|||2022|2021|
|||6||
|Staffcosts||2,960,217|3,084,688|
|Depreciation||47,401|36,146|
|Teaching costs||88,112|73,549|
|Welfare costs||144,828|111,114|
|Premises costs||554,703|488,550|
|Total||3,795,261|3,794,047|
|Analysis ofsupport costs||||
|||Total|Total|
|||funds|funds|
|||2022|2021f|
|Staff costs||361,893|396,121|
|School activities recharged||95,770|13,568|
|Miscellaneous||23,925|12,037|
|Printing,
posting and stationary||37,509|30,602|
|Professional|fees|34,781|42,941|
|Marketing
and recruitment||61,523|42,137|
|Concerts||27,091|10,887|
|Telephones||21,009|21,069|
|Computer costs||72,449|78,162|
|Bank charges||6,299|13,352|
|Bad debts||16,000|20,794|
|Commission|fees|33,755|17,993|
|Governance|costs|15,900|12,723|
|Total||807,904|712,386|
##
##
##
##
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||6|8|
|Auditor's|remuneration|-Audit|ofthe financial|statements|9,075|8,250|
|Auditor's|remuneration|-Other|services||1,375|1,350|
||||||10,450|9,600|
##
||2022|2021|
|---|---|---|
||E|8|
|Wages and salaries|2,632,607|2,808,115|
|Social security costs|253,422|254,009|
|Pension costs|436,081|418,685|
||3,322,110|3,480,809|
||2022|2021|
|---|---|---|
||No.|No.|
|Teaching|49|52|
|Welfare|35|34|
|Maintenance|7|8|
|Administration|12|15|
||103|109|
##
##
##
|2022|2021|
|---|---|
|No.|No.|
##
##
##
||Freehold|||Furniture,||
|---|---|---|---|---|---|
||land and|Plant and|Motor|fixtures and||
||buildings
6|equipment
E|vehicles
6|fittings
F|Total
6|
|Cost or valuation||||||
|At 1 September 2021|6,980,020|651,242|75,245|91,560|7,798,067|
|Additions||76,186|||76,186|
|Revaluations|(350,020)||||(350,020)|
|At 31August 2022|6,630,000|727,428|75,245|91,560|7,524,233|
|Depreciation||||||
|At 1 September 2021|1,360,017|194,101|75,245|20,290|1,649,653|
|Charge for the year||38,745||8,656|47,401|
|On revalued assets|(1,360,017)||||(1,360,017)|
|At 31 August 2022||232,846|75,245|28,946|337,037|
|Net book value||||||
|At 31 August 2022|6„630,000|494,582||62,614|7,187,196|
|At 31August 2021|5,620,003|457,141||71,270|6,148,414|
|valuation|oft|he p|roperty
remains
appropriate
for the p|urposes ofthese financial statements.||
|---|---|---|---|---|---|
|||||2022|2021|
|Historic|cost|less|depreciation|3,364,293|3,432,752|
|||||3,364,293|3,432 752|
##
##
##
##
##
|Stocks||||
|---|---|---|---|
|||2022|2021|
|||E||
|Stationary|supplies|150|150|
|Food stocks||700|800|
|Oil stocks||7,599|6,399|
|||8,449|7,349|
##
|||2022|2021|
|---|---|---|---|
|||E||
|Due within one year||||
|Trade debtors||70,354|1,099|
|Other debtors||140,251|56,568|
|Prepayments|and accrued income|99,339|82,663|
|School fees|||69,680|
|||309,954|210,010|
##
##
##
##
||||2022|2021|
|---|---|---|---|---|
||||6||
|Bank overdraft|||160,361||
|Bank loans|||89,732|91,933|
|Fees in advance|||343,612|366,841|
|Trade creditors|||18,441|4,714|
|Lump sum fees (see|below)||17,931|53,021|
|Amounts
owed to subsidiary||undertakings|100|100|
|Other taxation and social security|||178,583|323,712|
|Final term deposits|||23,000|31,000|
|Other creditors|||62,396|62,585|
|Accruals and deferred|income||122,882|85,969|
||||1,017,038|1,019,875|
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||6||
|Balance|at 1 September||||101,937|235,319|
|Amount|of lump sum fees||received|in the year|||
|Amount|utilised|in payment|of school fees to the school||(84,006)|(133,382)|
|Balance|at 31|August|||17,931|101,937|
||||||2022f|2021f|
|Ofwhich:|||||||
|Payable|within|1 year|||17,931|53,021|
|Payable|after 1|year||||48,916|
|Balance|at 31August||||17,931|101,937|
##
##
##
##
|||||||2022
F|2021f|2021f|
|---|---|---|---|---|---|---|---|---|
|Bank loans||||||1,076,786|1,164,317||
|Lump sum fees|||||||48,916||
|Other taxation and social|security|||||24,233|||
|Final term deposits||||||69„000|73,000||
|||||||1,170,019|1,286,233||
||||||||Other tax|an|
||Bank|loan|Lump sum fees||Final term|deposit|social securii||
||2022|2021|2022|2021|2022|2021|2022|20|
||E|f|E|F|E|F|E||
|In more than one year|||||||||
|but not more than two|||||||||
|years|89,732|94,022||18,234|12,000|18,000|24,233||
|In more than two|||||||||
|years but not more|||||||||
|than five years|987,054|1,070,295||30,682|36,500|31,500|||
|More than five years|||||20,500|23,500|||
||1,076,786|1,164,317||48,916|69,000|73,000|24,233||
##
##
##
##
|||||Balance at 1||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||||September|||Gains/|31August|
|||||2021
6|Income
6|Expenditure
6|(Losses)
6|2022
f|
|Unrestricted|funds||||||||
|Designated|funds||||||||
|Designated|fixed assets||fund|4,420,082||(47,401)||4,372,681|
|Fixed asset|revaluation||reserve|1,728,332|||1,009,997|2,738,329|
|||||6,148,414||(47,401)|1,009,997|7,111,010|
|General funds|||||||||
|General
fund||||(1,706,193)|4,511,845|(4,600,836)||(1,795,184)|
|Total Unrestricted||funds||4,442,221|4,511,845|(4,648,237)|1,009,997|5,315,826|
|Restricted funds|||||||||
|Other||||3,668||||3,668|
|Total offunds||||4,445,889|4,511,845|(4,648,237)|1,009,997|5,319,494|
##
##
##
|Statement|offun|ds - prior year||||||
|---|---|---|---|---|---|---|---|
|||Balance at|||||Balance at|
|||1 September|||Transfers|Gains|31August|
|||2020|Income|Expenditure|in/out|(Losses)|2021|
||||6||6||L|
|Unrestricted||||||||
|funds||||||||
|Designated||||||||
|funds||||||||
|Designated|fixed|||||||
|assets fund||4,256,501||(36,146)|199,727||4,420,082|
|Fixed asset||||||||
|revaluation||||||||
|reserve||1,413,486||||314,846|1,728,332|
|||5,669,987||(36,146)|199,727|314,846|6,148,414|
|General funds||||||||
|General
fund||(1,306,525)|4,308,355|(4,508,296)|(199,727)||(1,706,193)|
|Total||||||||
|Unrestricted||||||||
|funds||4,363,462|4,308,355|(4,544,442)||314,846|4,442,221|
|Restricted||||||||
|funds||||||||
|Other||3,668|||||3,668|
|Total offunds||4,367,130|4,308,355|(4,544,442)||314,846|4,445,889|
##
##
##
##
##
|Analysis ofnet assets between funds -current year||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022|2022|2022|
||E|5|5|
|Tangible fixed assets|7,187,196||7,187,196|
|Fixed asset investments|100||100|
|Current assets|315,587|3,668|319,255|
|Creditors due within one year|(1,017,038)||(1,017,038)|
|Creditors due in more than one year|(1,170,019)||(1,170,019)|
|Total|5,315,826|3,668|5,319,494|
|Analysis ofnet assets between funds - prior year||||
||Unrestricted|Restricted|Totai|
||funds|funds|funds|
||2021f|2021
5|2021f|
|Tangible fixed assets|6,148,414||6,148,414|
|Fixed asset investments|100||100|
|Current assets|599,815|3,668|603,483|
|Creditors due within one year|(1,019,875)||(1,019,875)|
|Creditors due in more than one year|(1,286,233)||(1,286,233)|
|Total|4,442 221|3,668|4,445,889|
##
##
|26.|Reconciliation|of|net|net|movement|movement|movement|in funds|in funds|to net cash flow from|to net cash flow from|to net cash flow from|operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||2022|2021f|
||Net
expenditure||for||the|year||(as|per|Statement|of|Financial||||
||Activities)|||||||||||||(136,392)|(236,087)|
||Adjustments
for:|||||||||||||||
||Depreciation
charges||||||||||||18|47,401|36,146|
||Losses on investments|||||||||||||(308)|(74)|
||(Increase)/decrease|||in|stocks||||||||20|(1,100)|1,669|
||(Increase)/decrease|||in|debtors||||||||21|(99,944)|16,373|
||(Decrease)/Increase|||in creditors|||||||||23,22|(189,680)|(11,580)|
||Interest paid||||||||||||11|39,812|29,522|
||Net cash used|in|operating||||activities|||||||(340,211)|(164,031)|
|27.|Analysis ofcash||and||cash equivalents|||||||||||
|||||||||||||||2022|2021|
|||||||||||||||F||
||Cash in hand|||||||||||||852|386,124|
||Bank overdraft|||||||||||||(160,361)||
||Total cash and|cash equivalents||||||||||||(159,509)|386,124|
|28.|Analysis ofchanges||||in net||debt|||||||||
||||||||||||||At 1|||
|||||||||||||September|||At 31|
||||||||||||||2021|Cash flows|August 2022|
|||||||||||||||6|6|
||Cash at bank and||in|hand|||||||||386,124|(385,272)|852|
||Bank overdrah|||||||||||||(160,361)|(160,361)|
||Debt due within|1|year|||||||||(144,954)||37,291|(107,663)|
||Debt due after|1 year||||||||||(1,213,233)||136,447|(1,076,786)|
|||||||||||||(972,063)||(371,895)|(1,343,958)|
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