## ## |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¬e 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)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3.|Other|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
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«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|