2022-08-31-accounts - Chesham Preparatory School Trust Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Directors	and Trustees
			Mr BCartledge (Chair ofGovernors)
			Mr A Kinnier (resigned 8~ July		2022)
			Mrs C Almond
			Mr A Grounds (appointed 1"January 2022 and resigned 1"November						2022)
			Dr A Haycock
			Mr P Hurd (resigned 8'" July 2022)
			Mr J Matthews
			Ms A McNaney
			Mrs F Nijkamp-Lyell (appointed 13"December 2021) Mrs J O'Gorman (appointed 1"January 2022)
			Mrs S Peck
			Mrs N Shepherd
			Mr D Strong (resigned 20"	December 2021)
			Mr M Walker
Company	Secretary &Bursar		Mrs C Hughes
Company	Number		910924
Charity Number			310642
Principal	and Registered	Office	Chesham Preparatory School Trust Limited (known				as Chesham	Preparatory
			School),Two Dells Lane, Orchard			Leigh, Chesham,	Bucks, HPS 3QF
Headmaster			Mr J Beale
School Address			Two Dells Lane, Orchard Leigh
			Chesham, Bucks
			HPS 3QF
Bankers			National Westminster Bank	pic
			Chilterns Corporate Business Centre
			PO Box412, 2"4 Floor, Rapid	House
			Oxford Road, High Wycombe,		Bucks
			HP11 2EF
Solicitors			Veale Wasborough Vizards	LLP
			Narrow Quay House, Narrow Quay
			Bristol
			BS14QA
Insurance	Brokers		Marsh Limited
			Capital House, 1-5 Perrymount		Road
			Haywards Heath, RH16 3SY
Auditor			Moore NHC Audit Limited
			First Floor, 73-7S High St
			Stevenage, Hertfordshire, SG1		3HR

Trustees. The Board ha	Trustees. The Board ha	s the power to appoint	s the power to appoint	s the power to appoint	addit	ional	Trust
Mr A Kinnier (Chairman		resigned 8"July 2022)			(1)	(2)
Mrs C Almond							(1)(3)
Mr 8 Cartledge	(Chairman		appointed	9'"July 2022)			(2)
Mr A Grounds							(1)
Dr Haycock							(1)(3)
Mr P Hurd							(2)
Mr J Matthews							(2)
Ms A McNaney							(1)
Mrs F Nijkamp-Lyell							(2)(3)
Mrs J O'Gorman							(1)
Mrs S Peck							(2)
Mrs N Shepherd							(1)(3)
Mr D Strong							(2) (3)
Mr M Walker							(1)

year ended 31August 202	2
	Unrestricted		Total Funds for
	Funds		the Year ended
Notes	2022		31August 2022
	f		E
Income
Donations and
legacies:
Donations	2,000		2,000	2,187
Otherincome	88,098		88,098	123,940
Income from
charitable activities:
School fees receivable	5,281,780		5,281,780	4,915,879
Other educational	160,557		160,557	43,505
income
Other ancillary income	34,020		34,020	30,290
Total income	5,566,455		5,566,455	5,155,801
Expenditure
Expenditure on
charitable activities:
Educational costs	4,033,011		4,033,011	3,808,359
Welfare costs	415,166		415,166	392,273
Premises costs	828,589		828,589	734,552
Financing cost	59,785		59,785	65,606
Governance costs	24,216		24,216	24,816
Total expenditure	5,360,767		5,360,767	5,025,606
Net income	205,688		205,688	90,195
Transfers between
funds
Net movement in	205,688		205,688	90,195
funds
Accumulated funds brought	7,118,250	699	7,118,949	7,028,754
forward
Accumulated funds carried	7,323,938	699	7,324,637	7,118,949

				2022		2021
		Notes		6		6
Fixed assets
Tangible assets				10,772,564		10,431,420
Current assets
Stock		9	7,956		13,522
Debtors		10	202,175		209,964
Cash at bank and in	hand		1,273,356		1,550,471
			1,483,487		1,773,957
Creditors: amounts	falling due	11	(1,456,341)		(1,467,778)
within one year
Net current (liabilities) / assets				27,146		306,179
Total assets less current				10,799,710		10,737,599
liabilities
Creditors: amounts	falling due	12		(3,475,073)		(3,618,650)
after more than one year
Net assets				7,324,637		7,118,949
Accumulated funds
Restricted fund		Page	13&note 15	699		699
Unrestricted funds:
General funds			Page 13	7,323,938		7,118,250
				7,324,637		7,118,949

tateme	nt ofcash flows for th	e y	ea	r ended 31	August 2022
					2022	2021
					f	f
Cash flows from operating activities
Net cash	provided by operating activities (note (a))				542,665	711,487
Cash flows from investing activities
Purchase	of property, plant and equipment				(677,665)	(320,977)
Cash used in investing activities					(135,000)	390,510
Cash flows from financing activities
Repayments of borrowing					(142,115)	(110,154)
Net cash	used in financing activities				(142,115)	(110,154)
Change In cash and cash equivalents		in the year			(277,115)	280,356
Cash and	cash equivalents at the beginning			ofthe	1,550,471	1,270,115
reporting	period
Cash and	cash equivalents at the end	ofthe			1,273,356	1,550,471
reporting	period
Notes to	the cash flow statement
(a)	Reconciliation ofoperating	surplus		to net	2022	2021
	cash flow from operating activities				6	6
	Net income for the reporting	period			205,688	90,195
	Adjustments for:
	Depreciation				336,521	313,845
	Loss on disposal offixed assets					3,801
	(Increase)/Decrease in stock				5,566	(6,739)
	(Increase)/Decrease in debtors				7,789	(79,407)
	Increase/(Decrease) in creditors				(12,899)	389,792
	Net cash provided by operating		activities		542,665	711,487

Notes	to cash flow statement (continued)	to cash flow statement (continued)	to cash flow statement (continued)
(b)	Reconciliation ofnet cash flow to			movement		2022	2021
	In net debt/funds					6	8
	Increase/(Decrease)	in cash	in the	year		(277,115)	280,356
	Cash used to repay	loans				142,115	110,154
	Change in net debt	resulting	from	cash flow		(135,000)	390,510
	Net debt at 1September 2021					(1,977,364)	(2,367,874)
	Net debt at 31August 2022					(2,112,364)	(1,977,364)
(c)	Analysis ofchange debt	in net	1September		Cash	Other non- cash	31August
				2021	flow	changes	2022
				8	f	f	6
	Cash at bank and in	hand	1,550,471		(277,115)		1,273,356
	Debt due within one year			(126,140)	(4,032)		(130,172)
	Debt due after one	year	(3,401,695)		146,147		(3,255,548)
			(1,977,364)		(135,000)		(2,112,364)

income				Year ended	Year ended
				31August 2022	31August 2021
				6	6
Donations-	Unrestricted
Donations-	Restricted			2,000	2,187
				2,000	2,187
Other Income
Government	grants				45,597
Sundry				87,845	70,211
Interest				253	8,132
				88,098	123,940
Other educational			income
Registration	fees			10,900	13,900
School trips				117,410	12,539
Late club fees				32,247	17,066
				160,557	43,505
Other ancillary		income
School bus	fares			34,020	27,740
Rentalincome					2,550
				34,020	30,290
Total				284,675	199,922

				Year ended	Year ended	Year ended
					31Aug	31Aug
					2022	2021
					f	f
Wages and salaries				2,814,517		2,696,128
Social Security costs					278,129	261,153
Pension contributions					498,218	496,573
				3,590,864		3,453,854
				Year ended		Year ended
					31Aug	31Aug
					2022	2021
					Number	Number
The average monthly		head count was 93staff (2021 —93staff) and			the
average monthly	number of full time equivalent		persons employed		was:
Teaching					63	62
Premises					3	3
Administration	and Minibus drivers				13	12
					79	77
The number ofemployees		who earned more than f60,000		on an annualised basis was
					2022	2021
					Number	Number
f60,001to f70,000
E70,001to f80,000
E80,001tof90,000
f90,001to f100,000

					Year	Year
	Staff	Direct	Support	Deprec-	ended 31	ended 31
	Costs f	Costs E	Costs f	iation 6	Aug 2022 f	Aug 2021 E
Charitable
expenditure Educational costs	3,374,780	362,702	203,638	91,891	4,033,011	3,808.359
Welfare costs	17,000	395,416	2,750		415,166	392,273
Premises costs	190,084	349,875	44,000	244,630	828,589	734,552
Financing costs Governance	9,000		59,785 15,216		59,785 24,216	65,606 24,816
	3,590,864	1,107,993	325,389	336,521	5,360,767	5,025,606
Financing costs
					2022	2021
					f	6
Interest payable on bank loan Bank charges					58,513 1,272	64,282 1,324
					59,785	65,606
Governance
					2022	2021
					6	f
Bursar's time					9,000	9,000
Audit fee					14,961	15,759
Trustees meeting expenses					255 24,216	57 24,816

		L			W				O	O
		tg U,	Qt	IV CI CQ						I
		0	Ih
			D
		g I	D C Gl									UO C
												CL
		I Ql 4I o Q	m '0	CG CQO tV	W			Ih Ch tel IO	O I/I	O Ih Ih		GJ IU '0 I0 Ql I
			Gl
		I	0 IU									tg
												I/IC0
												+
				CL	W							IO
				0C				OI				IJ tgIJ'0
												GJ
												IO
												Gl
OJ 0 C0				Ih C0 K 'C	W							Q-0 IC IUC QJ
CLI				U								g
O CLI				th								U QJ			D IU
5M			lg IO	mC «I Ih Ih4l G							O O	I Gl0 IhC0IJ0			LJC v I/I0
CCI				CL								+D
OI0c Ol tg 4I 4J I0 OI E IO tOc IQ= Cl V0 tO0. Ola C E 0 OJ	L0 tgIJ0	OO C 4I Qt	L tg OO L ,c GJ OO 4 '0 tg '0 C m	0 + 8 D L N IO I/I .0 o 0 a.	GlC0 O. 4l Gl	tll CU	O. JG IU	«4O p t CO IVl C0 IJJ	O O IU IU	O 8 I/I E Gl CL	Ot Ih	IU Ih IO C IO CL E0 GJ JO IO I tg Ll GJ '0 C IO C OJ E Gl OO 0 C IU E IU C ttl IU lg Ll L0 +tg 0 tg	C0 + IO 0 8 0 «l. Cl. I0 V	GI C0 +C Gl CL GJ E + IU t IO E Ih GJ \ IO tg IU UO IO	GJ 00 + OO C'0 J0IJIJ tg IU 0 Q 0 U th QO C U c 0 Q E 0 D tg C I/I ) D ~	I/I IJ J 0 I/I GJ J Q- 0 IU Ig I/I IU lg E I/I IU c J- O. IU v D C OO Ih 00. ~	GItJ J 0 GJ I 0 IU OO '0 IU + IO Ev Gl L C0 + Ih OC OO C \0.	'0 GJ I C I0 gl GJ U Q C . + 6 L U GJ g IO 0IJ I/I v g OO C L + IU DL D IU o o E L m O 8 O. 'Ih U OO IO Q-Q IhC OoU D 'v.C c o. m 'C m th D OO JO C gl Ih I/I ~ ~ ~
0Z												I/I00	m «0

						Freehold
						Land and	Furniture
			Portakabins		f	Buildings f	encl Equipment f	Mower f	Total f
Cost:
1September	2021		326,029			12,840,432	968,613	34,242	14,169,316
Additions						527,243	150,422		677,665
Disposals							(46,789)		(46,789)
31August 2022			326,029			13,367,675	1,072,246	34,242	14,800,192
Depreciation:
1September	2021		326,029			2,577,072	800,553	34,242	3,737,896
Charge for the						244,630	91,891		336,521
year
Disposals							(46,789)		(46,789)
31August 2022			326,029			2,821,702	845,655	34,242	4,027,628
Net book value:
31August 2022						10,545,973	226,591		10,772,564
31August 2021						10,263,360	168,060		10,431,420
All tangible fixed		assets are		held	for use by the Charity.
Assets included		in freehold		land	and buildings that are not depreciated			amount to f740,816	(2021-
f740,816).
Stock
								2022	2021
								f	f
Educational	su	plies						7,956	13,522

ued)
10.	Debtors
						2022	2021
						f	f
	Trade debtors					11,265	28,299
	Other debtors					84,740	75,408
	Prepayments					106,170	106,257
						202,175	209,964
11.	Creditors: amounts	falling due within		one year		2022 6	2021 f
	Bank loans (Note 13)					130,172	126,140
	Payrolltaxes					72,578	67,038
	Trade creditors					359,724	174,262
	Other creditors					101,015	94,718
	Accruals					62,830	58,516
	Deferred income (Note 14)					730,022	947,104
						1,456,341	1,467,778
12.	Creditors: amounts	falling due after more than one year				2022 f	2021 f
	Bank loans (Notes 13)					3,255,548	3,401,695
	Pupil deposits					219,525	216,955
						3,475,073	3,618,650
Deposits are payable before pupils			attend school and are repayable		on leaving.	The Trustees	consider
that the amount shown above fairly			represents	deposits repayable	after 31August 2022 and		which includes
deposits ofapproximately f31,825			repayable	after more than five	years (2021-	E34,750).
13.	Bank loans					2022 f	2021 f
	The bank loans —repayable		by instalments:
	Due within one year					130,172	126,140
	Due between two and five years					390,516	378,420
	Due more than five	years				2,865,032	3,023,275
						3,385,720	3,527,835

Notes forming part ofthe financial statement	Notes forming part ofthe financial statement	Notes forming part ofthe financial statement	for the Year ended	31August 2022
(continued)
14.	Analysis ofmovements in deferred	income
	Balance at 1 September 2021:
	Due within one year			947,104
	Due after more than one year
				947,104
	Released in year			(947,104)
	Invoiced in year			730,022
	Balance at 31August 2022 all due	within	one year	730,022

Detailed Inco	me	and	expenditure acco	unt for the Year ended 31Aug	ust 2022
				Year from 1Sept	Year from 1Sept
				2021to 31Aug 2022	2020to 31Aug
					2021
Income					f
Tuition fees				5,281,780	4,915,879
School bus fares				34,020	27,740
Registration fees				10,900	13,900
School trips				117,410	12,539
Sundry				120,345	143,556
Donations- restricted				2,000	2,187
Donations
Total				5,566,455	5,115,801
Expenditure
Staff costs
Staff salaries and	wages:
Teaching (including		Headmaster)		2,293,788	2,233,369
Supply				43,498	10,524
Administration				321,627	360,429
Maintenance				155,604	91,806
				2,814,517	2,696,128
National insurance				278,129	261,153
Pension contributions		(IAPS and TPS)		498,218	496,573
Total				3,590,864	3,453,854
Operating expenses
School trips				117,237	12,376
Stationery and materials			(inc. text books)	190,554	164,595
School prizes and	trophies			1,803	2,048
Swimming (including		transport)		46,914	49,822
Minibus				86,231	57,250
Staff training course				17,291	18,440
Food etc.for lunches				314,233	303,109
School bus hire					149
Other (including	recruitment)			21,794	20,224
Total				796,057	628,013

Detailed Income and	expenditure	expenditure	expenditure		account for	the Year ended 31August 2021(continued)	the Year ended 31August 2021(continued)
						Year from 1	Year 1Sept
						Sept 2021to	2020to 31Aug
						31Aug 2022	2021
						E	E
Establishment expenses
Cleaning contractor and materials						116,974	91,108
Light and heat						70,308	68,337
Rates including water						25,395	50,001
Insurance						34,584	30,275
Repairs and maintenance	—premises					102,732	91,335
Depreciation —premises						228,280	223,364
Depreciation- L/H Flat						2,473	2,473
Depreciation —portakabins
Repairs and maintenance	—equipment					8,325	9,238
Depreciation Building Improvements						13,877	13,876
Depreciation —equipment						91,891	74,132
Loss on disposal offixed assets							3,801
Total						694,839	657,940
Administration and promotional			expenses
Marketing and Advertising						33,669	19,197
Postage and telephone						18,802	17,799
Printing, stationery and computer			supplies			80,835	78,200
Audit and accountancy						14,961	15,759
Legal and professional						25,130	64,388
Subscriptions						7,265	8,117
Sundry (including recruitment)						13,541	10,749
Marquee and parents' meetings						25,019	5,458
Bad debts
Assisted places and discounted		fees paid		in	advance		526
Total						219,222	220,193
Total expenses (excluding	finance		charges)			5,300,982	4,960,000
Surplus before finance charges						265,473	155,801
Finance						(59,785)	(65,606)
Surplus/(Loss) after finance charges						205,688	90,195
Number ofPupils						2021/22	2020/21
Autumn term						387	390
Spring term						393	394
Summer term						400	399