2023-08-31-accounts

Governors	Mr S R Honeywood, Chair
	Mrs hi J Buckingham
	Mrs C E Godfrey (resigned 8 March 2024)
	Mr F Robertson
	Mr B Baber
	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 J Coventry-King
Independent auditors	Whitings LLP
	Greenwood House
	Greenwood Court
	Skyliner Way
	Bury St Edmunds
	Suffolk
	IP32 7GY
Bankers	Lloyds Bank Pic
	25 Gresham Street
	London
	EC2V 7HN
Solicitors	Greene & Greene
	80 Guildhall Street
	Bury St Edmunds
	Suffolk
	IP33 1QB

Autumn Term	88	59
Spring Term	93	59
Summer Term	94	72

		Restricted Unrestricted	Restricted Unrestricted	Total	Total
		funds funds		funds	funds
		2023 2023		2023	2022
	Note	£ £		£	£
Income from:
Donations and legacies	2	5,218	9,514	14,732	1,030
Charitable activities	3		1,386,507	1,386,507	1,314,605
Surplus on disposal of freehold land					87,330
Investments			123	123	13
Other income	4		104,277	104,277	^33,599
Total income		5,218	1,500,421	1,505,639	1,536,577
Expenditure on:
Charitable activities		1,942	1,696,572	1,698,514	1,694,798
Total expenditure		1,942 1,696,572		1,698,514	1,694,798
Net movement in funds		3,276	(196,151)	(192,875)	(158,221)
Reconciliation of funds:
Total funds brought forward		28,811	1,147,773 1,176,584		1,334,805
Net movement in funds		3,276	(196,151) (192,875)		(158,221)
Total funds carried forward		32,087	951,622	983,709	1,176,584

					As restated
			2023		2022
	Note		£		£
Fixed assets
Tangible assets	8		1,989,268		2,053,679
			1,989,268		2,053,679
Current assets
Debtors	9	27,328		26,369
Cash at bank and in hand	17	309,362		373,790
		336,690		400,159
Creditors: amounts falling due within one
year	10	(1,321,574)		(1,245,310)
Net current liabilities			(984,884)		(845,151)
Total assets less current liabilities			1,004,384		1,208,528
Creditors: amounts falling due after more
than one year	11		(20,675)		(31,944)
Total net assets			983,709		1,176,584

		2023	2022
	Note	£	£
Charity funds
Restricted funds	13	32,087	28,811
Unrestricted funds	13	951,622	1,147,773
Total funds		983,709	1,176,584

		2023	2022
	Note	£	£
Cash flows from operating activities
Net cash used in operating activities	16	53,985	(61,984)
Cash flows from investing activities
Proceeds from the sale of tangible fixed assets		500	186,880
Net cash provided by investing activities		500	186,880
Cash flows from financing activities
Loan interest paid		(118,913)	(95,046)
Net cash used in financing activities		(118,913)	(95,046)
Change in cash and cash equivalents in the year		(64,428) 29,850
Cash and cash equivalents at the beginning of the year		373,790 343,940
Cash and cash equivalents at the end of the year	17	309,362	373,790
The notes on pages 18 to 34 form part of these financial statements

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	£	£	£
School fees receivable	1,371,461 1,371,461		1,302,524
Ancillary income	15,046 15,046		12,081
	1,386,507 1,386,507		1,314,605
Total 2022	1,314,605 1,314,605
her income
	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	£	£	£
Other incoming resources	44,044	44,044	37,300
Sports hall income	60,233	60,233	67,996
Furlough grant income			20,803
Other Government grants receivable			7,500
	104,277	104,277	133,599
Total 2022	^33,599	133,599

Governance costs
	Unrestricted	Total	Total
	funds	funds	funds
	2023 £	2023£	2022 £
Governance Auditors' remuneration	8,196	8,196	6,475
Governance Auditors' non audit costs	6,660	6,660	6,329
Governors indemnity insurance	381	381	265
	15,237	15,237	13,069
Total 2022	13,069	13,069

Analysis of total resources	expended	expended	expended
	Staff costs Depreciation Other costs			Total	Total
	2023 2023 2023			2023	2022
	£ £ £			£	£
Teaching costs	587,020	7,921	85,021	679,962	776,662
Nursery teaching costs	187,301			187,301	137,882
Welfare costs	30,580		69,351	99,931	94,580
Premises costs	32,048	60,030	165,894	257,972	280,808
Finance costs			122,735	122,735	^02,323
Donations			816	816	49
Support costs	205,899	4,960	123,701	334,560	289,425
Governance costs			15,237	15,237	13,069
Total 2023	1,042,848	72,911	582,755	1,698,514	1,694,798
Total 2022	1,039,568	70,337	584,893	1,694,798

	2023	2022
	£	£
Wages and salaries	930,178	874,029
Social security costs	78,162	69,813
Other pension costs	34,508	95,726
	1,042,848	1,039,568

	2023	2022
	No.	No.
Teaching staff	18	18
Nursery staff	9	7
Support staff	21	20
	48	45

2023	2022
No.	No.
1	2

	Long-term
	Freehold leasehold	Motor Fixtures and Education
	property£ property£	vehicles fittings Equipment £ £ £			Total£
Cost or valuation
At 1 September 2022	1,589,292 1,628,621	26,029	275,802	417,617	3,937,361
Additions				9,333	9,333
Disposals		(4,800)			(4,800)
At 31 August 2023	1,589,292 1,628,621	21,229	275,802 426,950 3,941,894
Depreciation
At 1 September 2022	987,562 281,716	25,195	176,360	412,848	1,883,681
Charge for the year	27,457 32,573		5,001	7,880	72,911
On disposals		(3,966)			(3,966)
At 31 August 2023	1,015,019 314,289	21,229	181,361	420,728	1,952,626
Net book value
At 31 August 2023	574,273 1,314,332		94,441	6,222	1,989,268
At 31 August 2022	60^,730 1,346,905	834	99,442	4,768	2,053,679

ebtors
	I
		2023	2022
		£	£
Due within one year
Trade debtors		5,421	5,175
Prepayments and accrued income		21,907	21,194
		27,328	26,369

		As restated
	2023 2022
	£ £
Bank loans	761,609	761,198
Income received in advance	432,837	383,984
Trade creditors	5,234	8,165
Other taxation and social security	21,909	14,551
Other creditors	25,137	N,287
Accruals and deferred income	74,848	63,125
	1,321,574	1,245,310

		As restated
	2023	2022
	£	£
Bank loans	20,675	31,944

Statement of funds - current year
	Balance at 1
	September		Balance at 31
	2022£	Income Expenditure August 2023 £ £ £
Unrestricted funds
General Funds	1,147,773	1,500,421 (1,696,572)		951,622
Restricted funds
Outgoing Charitable Donations Fund	2,393	816	(816)	2,393
South Lee PTA Fund	26,058	4,402	(1,126)	29,334
Pearl Music Prize	160			160
Citizen Foundation Fund	200			200
	28,811	5,218	(1,942)	32,087
Total of funds	1,176,584	1,505,639 (1,698,514)		983,709

Statement of funds - prior year
	Balance at			Balance at
	1 September			31 August
	2022	Income Expenditure		2023
	£	£ £		£
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	V, 030	(4,085)	28,811
Total of funds	1,334,805	1,536,577 (1,694,798)		1,176,584

Summary of funds - current year
	Balance at 1
	September	Balance at 31
	2022£	Income Expenditure August 2023 £ £ £
General funds	1,147,773	1,500,421 (1,696,572) 951,622
Restricted funds	28,811	5,218 (1,942) 32,087
	1,176,584	1,505,639 (1,698,514) 983,709
Summary of funds - prior year
	Balance at	Balance at
	1 September	31 August
	2021£	Income Expenditure £ £ 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

Analysis of net assets between funds - current	year
	Restricted Unrestricted Total
	funds funds funds
	2023 2023 2023
	£ £ £
Tangible fixed assets	16,329 1,972,939 1,989,268
Current assets	15,758 320,932 336,690
Creditors due within one year	(1,321,574) (1,321,574)
Creditors due in more than one year	(20,675) (20,675)
Total	32,087 951,622 983,709

	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		(1.245,310)	(1,245,310)
Creditors due in more than one year		(31,944)	(31,944)
tl	28,811	1,147,773	1,176,584

	2023	2022
	£	£
Net expenditure for the year (as per Statement of Financial Activities)	(192,875)	(158,221)
Adjustments for:
Depreciation charges	72,911	70,337
Profit on the sale of fixed assets	334	(87,330)
(lncrease)/decrease in debtors	(959)	16,595
Increase in creditors	64,994	1,589
Loan interest charged	118,913	95,046
Purchase of fixed assets	(9,333)
Net cash provided by/(used in) operating activities	53,985	(61,984)

	2023	2022
	£	£
Cash in hand	309,350	373,778
Notice deposits (less than 3 months)	12	12
Total cash and cash equivalents	309,362	373,790

	Ati
	September At 31
	2022 Cashflows August 2023 £ E " t
Cash at bank and in hand	373,790 (64,428) 309,362
Debt due within 1 year	(761,198) (411) (761,609)
Debt due after 1 year	(31,944) 11,269 (20,675)
	(419,352) (53,570) (472,922)

under non-cancellable operating leases as follows:
	2023	2022
	£	£
Amounts payable
Not later than 1 year	27,346	32,245
Later than 1 year and not later than 5 years	35,335	59,863
	62,681	92,-? 08