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|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|
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|Autumn Term|88|59|
|---|---|---|
|Spring Term|93|59|
|Summer Term|94|72|
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|||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|
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||||||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|
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|||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|
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|||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||||
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||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||
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|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||
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|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||
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||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|
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|2023|2022|
|---|---|
|No.|No.|
|1|2|
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||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|
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|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|
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|||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|
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|||As restated|
|---|---|---|
||2023|2022|
||£|£|
|Bank loans|20,675|31,944|
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|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|
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|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|
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|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|
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|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|
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||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|
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||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)|
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||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|
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||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)|
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|
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|
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