| Governors | Mr S R Honeywood, Chair |
|---|---|
| Mrs H J Buckingham | |
| Mrs Z S N King (resigned 5 May 2022) | |
| Mrs C E Godfrey | |
| Mr F Robertson (appointed 15 March 2022) | |
| Mr B Baber (appointed 20 June 2022) | |
| Mr E Marland (appointed 17 November 2022) | |
| Mrs L Manning (appointed 22 June 2023) | |
| Mr M S Scragg (appointed 22 June 2023) | |
| Company registered | |
| number | 00698102 |
| Charity registered | |
| number | 310491 |
| Registered office | Nowton Road |
| Bury St Edmunds | |
| Suffolk | |
| IP33 2BT | |
| Headmistress | Mrs R O'Sullivan (to 26th April 2022) Mrs S Catchpole (Acting Head, 26th April to 31st August 2022) Mrs J Coventry-King (from 1st September 2022) |
| Independent auditors | Whitings LLP |
| Chartered Accountants | |
| Statutory Auditor | |
| Greenwood House | |
| Greenwood Court | |
| Skyliner Way | |
| Bury St Edmunds | |
| Suffolk | |
| IP32 7GY | |
| Bankers | Lloyds Bank Pic |
| 25 Gresham Street | |
| London | |
| EC2V7HN | |
| Solicitors | Greene & Greene |
| 80 Guildhall Street | |
| Bury St Edmunds | |
| Suffolk | |
| IP331QB |
| Autumn Term | 98 | 42 |
|---|---|---|
| Spring Term | 96 | 49 |
| Summer Term | 98 | 57 |
| Restricted Unrestricted | Restricted Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds funds | funds | funds | |||
| Note | 2022 2022 £ £ |
2022£ | 2021£ | ||
| Income from: | |||||
| Donations and legacies | 2 | 1,030 | 1,030 | 1,504 | |
| Charitable activities | 3 | 1,314,605 | 1,314,605 | 1,293,110 | |
| Surplus on disposal of freehold land | 87,330 | 87,330 | |||
| Investments | 13 | 13 | 1,724 | ||
| Other income | 4 | 133,599 | 133,599 | 158,457 | |
| Total income | 1,030 | 1,535,547 | 1,536,577 | 1,454,795 | |
| Expenditure on: | |||||
| Charitable activities | 4,085 | 1,690,713 | 1,694,798 | 1,651,657 | |
| Total expenditure | 4,085 1,690,713 | 1,694,798 | 1,651,657 | ||
| Net movement in funds | (3,055) | (155,166) | (158,221) | (196,862) | |
| Reconciliation of funds: | |||||
| Total funds brought forward | 31,866 | 1,302,939 | 1,334,805 | 1,531,667 | |
| Net movement in funds | (3,055) | (155,166) (158,221) | (196,862) | ||
| Total funds carried forward | 28,811 | 1,147,773 | 1,176,584 | 1,334,805 |
| Note | 2022 £ |
2021£ | |||
|---|---|---|---|---|---|
| Fixed assets | |||||
| Tangible assets | 8 | 2,053,679 | 2,223,567 | ||
| 2,053,679 | 2,223,567 | ||||
| Current assets | |||||
| Debtors | 9 | 26,369 | 42,963 | ||
| Cash at bank and in hand | 373,790 | 343,940 | |||
| 400,159 | 386,903 | ||||
| Creditors: amounts falling due within one | |||||
| year | 10 | (495,310) | (482,597) | ||
| Net current liabilities | (95,151) | (95,694) | |||
| Total assets less current liabilities | 1,958,528 | 2,127,873 | |||
| Creditors: amounts falling due after more | |||||
| than one year | 11 | (781,944) | (793,068) | ||
| Total net assets | 1,176,584 | 1,334,805 |
| Note | 2022 £ |
2021£ | |
|---|---|---|---|
| Charity funds | |||
| Restricted funds | 12 | 28,811 | 31,866 |
| Unrestricted funds | 12 | 1,147,773 | 1,302,939 |
| Total funds | 1,176,584 | 1,334,805 |
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Cash flows from operating activities | |||
| Net cash used in operating activities | 15 | (61,984) | 195,244 |
| Cash flows from investing activities | |||
| Proceeds from the sale of tangible fixed assets | 186,880 | 1,800 | |
| Purchase of tangible assets | (28,618) | ||
| Net cash provided by/(used in) investing activities | 186,880 | (26,818) | |
| Cash flows from financing activities | |||
| Loan interest paid | (95,046) | (91,473) | |
| Net cash used in financing activities | (95,046) | (91,473) | |
| Change in cash and cash equivalents in the year | 29,850 | 76,953 | |
| Cash and cash equivalents at the beginning of the year | 343,940 | 266,987 | |
| Cash and cash equivalents at the end of the year | 16 | 373,790 | 343,940 |
| Unrestricted Total Total |
|
|---|---|
| funds funds funds |
|
| 2022 2022 2021 |
|
| £ £ £ |
|
| School fees receivable | 1,302,524 1,302,524 1,282,740 |
| Ancillary income | 12,081 12,081 10,370 |
| 1,314,605 1,314,605 1,293,110 | |
| Total 2021 | 1,293,110 1,293,110 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022£ | 2022£ | 2021£ | |
| Other incoming resources | 37,300 | 37,300 | 27,064 |
| Sports hall income | 67,996 | 67,996 | 32,232 |
| Furlough grant income | 20,803 | 20,803 | 36,499 |
| Other Government grants receivable | 7,500 | 7,500 | 62,662 |
| 133,599 | 133,599 | 158,457 | |
| Total 2021 | 158,457 | 158,457 |
| Governance costs | |||
|---|---|---|---|
| Unrestricted | Total | Total | |
| funds | funds | funds | |
| 2022£ | 2022£ | 2021£ | |
| Governance Auditors' remuneration | 6,475 | 6,475 | 4,650 |
| Governance Auditors' non audit costs | 6,329 | 6,329 | 5,383 |
| Governors indemnity insurance | 265 | 265 | 519 |
| 13,069 | 13,069 | 10,552 | |
| Total 2021 | 10,552 | ^0,552 |
| Analysis of total resources | expended | expended | expended | ||
|---|---|---|---|---|---|
| Staff costs Depreciation Other costs | Total | Total | |||
| 2022 £ |
2022 2022 £ £ |
2022£ | 2021£ | ||
| Teaching costs | 663,141 | 5,085 | 108,436 | 776,662 | 846,433 |
| Nursery teaching costs | 137,882 | 137,882 | 114,368 | ||
| Welfare costs | 42,737 | 51,843 | 94,580 | 99,498 | |
| Premises costs | 49,825 | 60,030 | 170,953 | 280,808 | 259,131 |
| Finance costs | 102,323 | 102,323 | 99,753 | ||
| Donations | 49 | 49 | 686 | ||
| Support costs | 145,983 | 5,222 | 138,220 | 289,425 | 22^,732 |
| Governance expenses | 13,069 | 13,069 | ^0,552 | ||
| Total 2022 | 1,039,568 | 70,337 | 584,893 | 1,694,798 | 1,652,153 |
| Total 2021 | 1,140,280 | 69,852 | 442,021 | 1,652,153 |
| 2022£ | 2021£ | |
|---|---|---|
| Wages and salaries | 874,029 | 929,863 |
| Social security costs | 69,813 | 7^,655 |
| Other pension costs | 95,726 | 138,762 |
| 1,039,568 | 1,140,280 |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Teaching staff | 20 | 20 |
| Ancillary staff | 10 | 9 |
| Admin | 5 | 10 |
| Other | 10 | 12 |
| 45 | 51 |
| 2022 | 2021 | ||
|---|---|---|---|
| No. | No. | ||
| In the band £60,001 | - £70,000 | 2 | |
| In the band £80,001 | - £90,000 | 1 |
| Long-term | |||
|---|---|---|---|
| Freehold leasehold | Motor Fixtures and Education | ||
| property property vehicles fittings Equipment £ £ ££ £ Total£ |
|||
| Cost or valuation | |||
| Ati September 2021 | 1,688,843 1,628,621 | 26,029 275,802 | 417,617 4,036,912 |
| Disposals (99,551) | (99,551) | ||
| At 31 August 2022 | 1,589,292 1,628,621 | 26,029 275,802 | 417,617 3,937,361 |
| Depreciation | |||
| Ati September 2021 | 960,104 249,143 |
24,917 171,099 |
408,081 1,813,344 |
| Charge for the year | 27,458 32,573 |
278 5,261 |
4,767 70,337 |
| At 31 August 2022 | 987,562 281,716 | 25,195 176,360 | 412,848 1,883,681 |
| Net book value | |||
| At 31 August 2022 | 601,730 1,346,905 | 834 99,442 |
4,769 2,053,680 |
| At 31 August 2021 | 728,739 1,379,478 | 1,112 104,703 | 9,536 2,223,568 |
| 2022 £ |
2021£ | |
|---|---|---|
| Due within one year | ||
| Trade debtors | 5,175 | 20,843 |
| Prepayments and accrued income | 21,194 | 22,-? 20 |
| 26,369 | 42,963 |
| reditors: Amounts falling due within one year | ||
|---|---|---|
| 2022£ | 2021£ | |
| Bank loans | 11,198 | 7,600 |
| Income received in advance | 383,984 | 37^,862 |
| Trade creditors | 8,165 | 3,677 |
| Other taxation and social security | 14,551 | 18,995 |
| Other creditors | 14,287 | 26,546 |
| Accruals and deferred income | 63,125 | 53,9^7 |
| 495,310 | 482,597 |
| 2022£ | 2021£ | |
|---|---|---|
| Bank loans | 781,944 | 793,068 |
| Statement of funds - current year | |||
|---|---|---|---|
| Balance at 1 | |||
| September | Balance at 31 | ||
| 2021£ | Income Expenditure August 2022 £ £ £ |
||
| Unrestricted funds | |||
| General Funds | 1,302,939 | 1,535,547 (1,690,713) 1,147,773 | |
| Restricted funds | |||
| Outgoing Charitable Donations Fund | 2,496 | 245 | (348) 2,393 |
| South Lee PTA Fund | 29,010 | 785 | (3,737) 26,058 |
| Pearl Music Prize | 160 | 160 | |
| Citizen Foundation Fund | 200 | 200 | |
| 31,866 | 1,030 | (4,085) 28,811 |
|
| Total of funds | 1,334,805 | 1,536,577 (1,694,798) 1,176,584 |
| Statement of funds - prior year | ||||
|---|---|---|---|---|
| Balance at | Balance at | |||
| 1 September 2020 £ |
Income Expenditure £ £ |
31 August 2021£ |
||
| Unrestricted funds | ||||
| General Funds | 1,499,004 | 1,453,291 (1,649,356) | 1,302,939 | |
| Restricted funds | ||||
| Outgoing Charitable Donations Fund | 2,286 | 506 | (296) | 2,496 |
| South Lee PTA Fund | 30,077 | 998 | (2,005) | 29,010 |
| Pearl Music Prize | 160 | 160 | ||
| Citizen Foundation Fund | 200 | 200 | ||
| 32,663 | 1,504 | (2,301) | 31,866 | |
| Total of funds | 1,531,667 | 1,454,795 (1,651,657) | 1,334,805 |
| Balance at 1 | |||
|---|---|---|---|
| September | Balance at 31 | ||
| 2021£ | Income Expenditure August 2022 £ £ £ |
||
| General funds | 1,302,939 | 1,535,547 | (1,690,713) 1,147,773 |
| Restricted funds | 31,866 | 1,030 | (4,085) 28,811 |
| 1,334,805 | 1,536,577 | (1,694,798) 1,176,584 |
| Balance at | Balance at | |||
|---|---|---|---|---|
| 1 September | 31 August | |||
| 2020£ | Income Expenditure £ £ |
2021£ | ||
| General funds | 1,499,004 | 1,453,291 | (1,649,356) | 1,302,939 |
| Restricted funds | 32,663 | 1,504 | (2,301) | 31,866 |
| 1,531,667 | 1,454,795 | (1,651,657) | 1,334,805 |
| Restricted Unrestricted Total | |
|---|---|
| funds funds funds | |
| 2022 2022 2022 | |
| £ £ £ | |
| Tangible fixed assets | 17,188 2,036,491 2,053,679 |
| Current assets | 11,623 388,536 400,159 |
| Creditors due within one year | (495,310) (495,310) |
| Creditors due in more than one year | (781,944) (781,944) |
| Total | 28,811 1,147,773 1,176,584 |
| Restricted Unrestricted | Total | |
|---|---|---|
| funds funds | funds | |
| 2021 2021 £ £ |
2021£ | |
| Tangible fixed assets | 18,093 2,205,475 |
2,223,568 |
| Current assets | ^3,773 373,131 |
386,904 |
| Creditors due within one year | (482,597) | (482,597) |
| Creditors due in more than one year | (793,068) | (793,068) |
| Total | 31,866 1,302,941 | 1,334,807 |
| 2022 £ |
2021£ | |
|---|---|---|
| Net expenditure for the year (as per Statement of Financial Activities) | (158,221) | (196,862) |
| Adjustments for: | ||
| Depreciation charges | 70,337 | 69,852 |
| Profit on the sale of fixed assets | (87,330) | (803) |
| Decrease/(increase) in debtors | 16,595 | ('25,694; |
| Increase in creditors | 1,589 | 256,610 |
| Loan interest charged | 95,046 | 92,141 |
| Net cash provided by/(used in) operating activities | (61,984) | 195,244 |
| nalysis of cash and cash equivalents | ||
| 2022£ | 2021£ | |
| Cash in hand | 373,778 | 343,928 |
| Notice deposits (less than 3 months) | 12 | 12 |
| Total cash and cash equivalents | 373,790 | 343,940 |
| Ati | |||
|---|---|---|---|
| September | At 31 | ||
| 2021 | Cash flows August 2022 | ||
| £ | £ £ | ||
| Cash at bank and in hand | 343,940 | 29,850 | 373,790 |
| Debt due within 1 year | (7,600) | (3,598) | (11,198) |
| Debt due after 1 year | (793,068) | 11,124 | (781,944) |
| (456,728) | 37,376 | (419,352) |
under non-cancellable operating leases as follows: |
||
|---|---|---|
| 2022 £ |
2021£ | |
| Amounts payable | ||
| Not later than 1 year | 32,245 | 30,444 |
| Later than 1 year and not later than 5 years | 59,863 | 5,592 |
| 92,108 | 36,036 |