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|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe School, its Governors|and Advisers||
|Governors'
Report|||||
|Statement ofGovernors'
Responsibilities|||||
|Independent
Auditor's|Report|on the Financial Statements||16 —19|
|Statement of Financial|Activities|||20|
|Balance Sheet||||21|
|Statement of Cash Flows||||22|
|Itotes tothe Financial|Statements|||23-47|
##
|REFERENCE AND ADMINISTRATIVE
DETAILS|REFERENCE AND ADMINISTRATIVE
DETAILS|REFERENCE AND ADMINISTRATIVE
DETAILS|OF THE SCHOOL, ITSGOVERNORS AND ADVISERS|OF THE SCHOOL, ITSGOVERNORS AND ADVISERS|OF THE SCHOOL, ITSGOVERNORS AND ADVISERS|OF THE SCHOOL, ITSGOVERNORS AND ADVISERS|
|---|---|---|---|---|---|---|
|FOR THE YEAR ENDED||31 AUGUST 2023|||||
|Governors||JA Devison,
BA Hone, Chair|||||
|||S Clark, BSc,FRICS,|ACIArb||||
|||8 Cooper, MA, PGCE|||||
|||P J Evans, BA Hons, LTCL, PGCE|||||
|||A Leyshon,
BAHone,|ACA (resigned 23June 2023)||||
|||RASMallinson,
BSc,LLB|||||
|||A A Melrcse, CA (SA)|||||
|||CW Symes, BSc, MAEd, MCGI, PGCE|||||
|||F Stack. MA ED(open), BAHans, PGCE, Mont||||Dip (resigned 23June 2023)|
|||R Bhoola|||||
|||K Prest|||||
|||TSexton|||||
|||0 Asplin Hearsey (appointed||23 November|2022)||
|||W RDavidson
(appointed 23 November
2022)|||||
|||K C Lawson (appointed 23 November 2022)|||||
|||TR Pasco (appointed|23 November 2022)||||
|||AJGwyther-Sandover|(appointed 23 November|||2022)|
|||JPiper (appointed
11|March|2023)|||
|||P Marshall
(appointed|23June 2023)||||
|Company
registered|||||||
|number||00912265|||||
|Charity registered|||||||
|number||310481|||||
|Registered office||Orwell Park School|||||
|||Nacton|||||
|||Ipswich|||||
|||Suffolk|||||
|||IP100ER|||||
|Independent|auditor|MHA|||||
|||Colchester Business Park|||||
|||910The Crescent|||||
|||Colchester|||||
|||Essex|||||
|||C04 9YQ|||||
|Bankers||Barclays Bank PLC|||||
|||1 Princes Street|||||
|||Ipswich|||||
|||Suffolk|||||
|||IP5 7RF|||||
|Solicitors||Barker Gotelee|||||
|||41cBarrack Square|||||
|||Martlesham|||||
|||Ipswich|||||
|||Suffolk|||||
|||IP57RF|||||
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||||Unrestricted|Restricted|Total|Tata)|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2023
F|2023|2023
E|2022f|
|Income from:|||||||
|Donations
and grants||4||||2,626|
|Charitable
activities||5|4,198,825||4,198,825|4,357,525|
|Other trading
activities||9|198,975||198,975|151,166|
|Investments||10|753||753|308|
|Total income|||4,398,553||4,398,653|4,511,645|
|Expenditure
on:|||||||
|Raising funds||11|74,819||74,819|45,072|
|Charitable
activities||12,13|4,846,213||4,846,213|4,603,165|
|Total expenditure|||4,921,032||4,921,032|4,646,237|
|Net movement
in funds before other|||||||
|recognised
gains|||(622,479)||(522379)|(136,392)|
|Other items:|||||||
|Gains on revaluation|offixed assets|||||1,009,997|
|Net movement
in funds|||(522,479)||(522879)|673,605|
|Rsconcilladon
offunds:|||||||
|Tots!funds brought|forward|23|5,315,826|3,668|6,319A94|4,445,869|
|Net movement
in funds|||(522,479)||(522r479)|673,605|
|Totai funds carried|forward||4,793,347|3,668|4,797,015|5,319,494|
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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Note|E||
|Cash flows from operating|activities||||||
|Net cash used in operating|activities|||25|(108,129)|(340,211)|
|Cash flows from investing|activities||||||
|Purchase oftangible fixed assets||||17||(76,186)|
|Investment
income||||10|753|308|
|Interest paid|||||(55,944)|(39,812)|
|Nst cash used
in investing|activities|||10|(55,191)|(115,690)|
|Cash flows from Snancing|activities||||||
|Repayments
of bank loan|||||(29,911)|(89,732)|
|Net cash used
in financing|activities||||(29,911)|(89,732)|
|Change
in cash and cash|equivalents|in|the year||(193,231)|(545,633)|
|Cash and cash equivalents|at the beginning||ofthe year||(159,509)|386,124|
|Cash and cash equivalents|at the end of||the year|26|(352,740)|(159,509)|
|The notes on pages 23to47form part ofthese financial statements.|||||||
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|||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2023|2023|
|||||||6|6|
||Educational|operations||||4,198,825|4,198,825|
|||||||Vnrestncted|Total|
|||||||funds|funds|
|||||||2022f|2022|
||Educational|operations||||4,357,525|4,357,525|
|6.|Analysis of|income||from charitable activities by type ofincome||||
|||||||2023|2022|
|||||||6||
||Fees receivable||||7|3,854,946|4,064,149|
||Other ancillary||trading|income|8|343,879|293,376|
|||||||4,198,825|4,357,525|
|7.|School fees|||||||
|||||||2023|2022|
|||||||E|5|
||Gross fees|||||4,673,609|4,885,403|
||Less total bursaries,|||grants and allowances||(818,663)|(821,254)|
|||||||3,854,946|4,064,149|
##
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##
||2023
E|2022f|
|---|---|---|
|Learning
support|65,844|78,011|
|Registration
fees
Insurance
commission|10,603
6,924|5,872
13,006|
|Sundry income
School activity income|108,420
145,468|73,103
108,504|
|Orwell Park activities income|6,620|14,880|
||343,879|293,376|
##
##
||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2023|2023|
||E|E|
|Fundraising|53,781|53,781|
|Concerts and events|12,859|12,859|
|Letling income|132,335|132,335|
|Total 2023|198,975|198,975|
||Vnrestricted|Total|
||funds|funds|
||2022|2022f|
|Fundraising
Concerts and events|30,271
9,218|30,271
9,218|
|LeNing income|111,697|111,697|
|Total 2022|151,186|151,186|
##
##
##
##
||||Unrestricted|1otal|
|---|---|---|---|---|
||||funds|funds|
||||2023|2023|
||||6|6|
||Bank interest|receivable|753|753|
||||Unrestncted|Total|
||||funds|funds|
||||2022|2022|
||||6||
||||308|308|
||Bank interest|receivable|||
|11.|Expenditure|on raising funds|||
||||Unrestricted|Total|
||||funds|funds|
||||2023|2023|
||||6|6|
||Bank interest||62,818|62,818|
||Cost of lettings||12,001|12,001|
||Total2023||74,819|74,819|
||||Unrestricted|Total|
||||funds|funds|
||||2022|2022|
||||6||
||Bank interest||39,812|39,812|
||Cost oflettings||5,260|5,260|
||Total 2022||45,072|45,072|
##
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##
|||||Unrestricted||
|---|---|---|---|---|---|
|||||funds|Total|
|||||2023|2023|
|||||E|E|
|Schools|and|grant|making|4,846,213|4,846,213|
|||||Unrestricted||
|||||funds|Total|
|||||2022|2022|
|||||8||
|Schools|and|grant|making|4,603,185|4,603,165|
##
##
|||||Activities|||
|---|---|---|---|---|---|---|
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2023|2023|2023|
|||||E|E|8|
|Schools|and|grant|making|3,683,953|1,162,260|4,846,213|
|||||Actsetfes|||
|||||undertaken|Support|7olal|
|||||directly|costs|funds|
|||||2022|2022|2022f|
|Schools|and|grant|making|3,795,261|807,904|4,503,165|
##
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##
##
||||Total|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022f|
|Staff costs|||2,818,086|2,980,217|
|Depreciation|||48,694|47,401|
|Teaching costs|||119,616|88,112|
|Welfare costs|||160,192|144,828|
|Premises costs|||539,365|554,703|
|Total 2023|||3,683,963|3,795,281|
|Analysis ofsupport costs|||||
||||Total|Total|
||||funds|funds|
||||2023
E|2022f|
|Staf costs|||407,967|361,893|
|School activities||recharged|129,513|95,770|
|Miscellaneous|||15,906|23,925|
|Printing,
posting||and stationary|3$,587|37,509|
|Professional|fess||164,173|34,781|
|Marketing
and recruitment|||65,18$|51,523|
|Concerls|||43,041|27,091|
|Telephones|||21,149|21,009|
|Computer costs|||67,121|72,449|
|Bank charges|||18,65$|8,299|
|Bad debts|||113,09$|18,000|
|Commission|fees||5$,81$|23,755|
|Governance costs|||21,043|15,900|
|Total 2023|||1,162,260|807,904|
##
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##
|||||2023|2022|
|---|---|---|---|---|---|
|Auditor's
Auditor's|remuneration
remuneration|-Audit ofthe financial
- Other services|statements|12,500
1,750|9,075
1,375|
|||||14,250|10,460|
##
||2023
6|2022f|
|---|---|---|
|Wages and salaries
Social security costs
Pension costs|2,540,656
240,629
444,766|2,632607
253,422
436,081|
||3,226,053|3,322, 110|
||2023|2022|
|---|---|---|
||No.|No.|
|Teaching|46|49|
|Welfare|32|35|
|Maintenance|7|7|
|Administration|14|12|
||99|103|
##
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##
|2023|2022|
|---|---|
|No.|IVo.|
|In|the|band|E60,001 - 670,000|
|---|---|---|---|
|In|the|band|670,001 - 680,000|
|In|the|band|f'.140,000 -6150,000|
##
##
|||||Furniture,||
|---|---|---|---|---|---|
||Freehold|Plant and|Motor|hxtures and||
||property
8|machinery
5|vehicles
5|fittings
6|Total
6|
|Cost or valuation||||||
|At 1 September 2022|6,630,000|727,428|75,246|91,560|7,524,233|
|At 31August 2023|6,630,000|727,428|75,245|91,560|7,524,233|
|Depreciation||||||
|At 1 September 2022||232,846|75,245|28,946|337,037|
|Charge for the year||38,038||8,666|46,694|
|At 31August 2023||270,884|75,246|37,602|383,73'f|
|Net book value||||||
|At 31August 2023|6,630,000|456,544||53,968|7,140,502|
|Af31August 2022|6,630,000|494,582||62,614|7,187,196|
|||||2023|2022|
|---|---|---|---|---|---|
|||||E||
|Historic|cost|less|depreciation|3,295,833|3,364,293|
|||||3,295,833|3,364,293|
##
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##
|Name||||Company|Registered officeor|Registered officeor|Principal activity|Holding|
|---|---|---|---|---|---|---|---|---|
|||||number|principal
place|of|||
||||||business||||
|Events|at|Orwell|Park|06170306|Orwell Park School,||Dormant|100%|
|Limited|||||Nacton,
Ipswich,|Suffolk,|||
||||||IP10OER.||||
##
|Stocks||||
|---|---|---|---|
|||2023
8|2022f|
|Stationery|supplies||150|
|Food stocks|||700|
|Oil stocks||7,899|7,599|
|||7,999|8,449|
##
##
##
##
|||2023|2022|
|---|---|---|---|
|||E|5|
|Due within one year||||
|Trade debtors||3,812|70,364|
|Other debtors||62,869|140,251|
|Prepayments|and accrued income|130,915|99,339|
|||197,586|309,954|
##
##
||||2023|2022|
|---|---|---|---|---|
||||E|E|
|Bank overdrafts|||353,517|160,361|
|Bank loans|||1,136,607|89,732|
|Fees in advance|||530,887|343,812|
|Trade creditors|||94,275|18,441|
|Lump sum fees (see|below)||21,743|17,931|
|Amounts
owed to subsidiary||undertakings|100|100|
|Other taxation and social security|||57,819|178,583|
|Final term deposts|||4,000|23,000|
|Other creditors|||77,970|62,396|
|Accruals and deferred|income||71,408|122882|
||||2,348,326|1,017,038|
##
##
##
||||||2023f|2022|
|---|---|---|---|---|---|---|
|Balance|at 1 September||||17,931|101,937|
|Amount|of lump|sum fees|received|in the year|122,247||
|Amount|utilised|in payment|ofschool fees to the school||(115,435)|(84,006)|
|Balance|at 31August||||21,743|17,931|
||||||2023|2022|
|||||||8|
|Ofwhich:|||||||
|Payable|within|1 year|||21,743|17,931|
|Payable|after 1|year|||25,309||
||||||47,052|17,931|
##
||||2023|2022|
|---|---|---|---|---|
||||F||
|Bank|loans|||1,076,786|
|Lump|sum fees||25,309||
|Other|taxation|and social security||24,233|
|Final|term deposits||176,314|69,000|
||||201,523|1,170,019|
##
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##
##
|Statement|offun|ds - prior year||||||
|---|---|---|---|---|---|---|---|
|||Balance at|||||Balance at|
|||1September|||Transfers|Gainer|31August|
|||2021|income|Expenditure|in/out|(Losses)|2022|
||||L|8|||6|
|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||4,442221|4, 5'I1, 845|(4,648237)||1,009,997|5,315,826|
|Restricted||||||||
|funds||||||||
|Other||3,668|||||3,668|
|Total pffunds||4,445889|4511,845|(4,648237)||1,009,997|5,319,494|
##
##
##
|Analysis|of net assets between funds
-current year||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2023|2023|2023|
|||6|E|6|
|Tangible|fixed assets|7,140,502||7,140,502|
|Fixed asset inveslments||100||100|
|Current|assets|202,694|3,668|206,362|
|Creditors
Creditors|due within one year
due in more than one year|(1,271,540)
(1,278,409)||(1,271,540)
('l,278,409)|
|Total||4,793,347|3,668|4,797,015|
|Analysis|ofnet assets between funds -prior year||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|||6|9||
|Tangible|fixed assets|7,187,196||7,187,196|
|Fixed asset investments||100||100|
|Current assets
Creditors due within one year
Credilors due in more than one year||315,587
(1,017,038)
(1,170,019)|3,668|319,255
(1,017,038)
(1,170,019)|
|Total||5,315,826|3,668|5,319,494|
##
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##
|25.|Reconciliatfon|of|net|net|net|movement|movement|movement|movement|in funds|in funds|to net cash flow from|to net cash flow from|operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||2023|2022f|
||Net
expenditure||for|||the||year||(as|per|Siaterneni|of Financial||||
||Activities)||||||||||||||(522rf79)|(136,392)|
||Adjustmen&
for.||||||||||||||||
||Depreciation
charges||||||||||||||46,695|47,401|
||Losses on investments||||||||||||||(753)|(308)|
||Decrease/(increase)||||in stocks||||||||||450|(1,100)|
||Decrease/(increase)||||in debtors||||||||||112,367|(99,944)|
||Increase/(decrease)|||in||creditors|||||||||199,647|(189,680)|
||Interest paid||||||||||||||55,944|39,812|
||Net cash used|in|operating||||||activities||||||(108,129)|(340,211)|
|26.|Analysis ofcash and|||||cash||equivalents|||||||||
||||||||||||||||2023|2022|
||Cash in hand||||||||||||||TTT|852|
||Bank overdrait||||||||||||||(353,517)|(160,361)|
||Total cash and|cash|||equivalents||||||||||(352,740)|(159,509)|
|27.|Analysis ofchanges|||||in net debt|||||||||||
|||||||||||||||At 1|||
||||||||||||||September|||At 31|
|||||||||||||||2022|Cash flows|August 2023|
||||||||||||||||F||
||Cash at bank and in|||hand||||||||||852|(75)|777|
||Bank overdraRs|repayable|||||on||demand||||(160,361)||(193,156)|(353,517)|
||Debt due within|1 year|||||||||||(107,663)||26,099|(8'},564)|
||Debt due after 1|year|||||||||||(1,076786)|||(1,076,786)|
||||||||||||||(1,343,958)||(167;I32)|(1,511,090)|
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