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|Directors|and Trustees|||||||
|---|---|---|---|---|---|---|---|
||||Mr 8 Cartledge
(Chair ofGovernors)|||||
||||Mrs C Almond
(Resigned 7e July 2023)|||||
||||Ms J Crompton
(Appointed
7e November
2023)
Mr A Grounds
(Resigned 1"November
2023)|||||
||||Mrs SGulamall
(Appointed 27"November||2023)|||
||||Dr A Haycock|||||
||||Mr J Matthews|||||
||||Ms A McNaney|||||
||||Mrs F Nijkamp-Lyell|||||
||||Mrs J O'Gorman|||||
||||Mrs S Peck (Resigned 7~ July 2023)|||||
||||Mrs N Shepherd
(Resigned 18e January|2024)||||
||||Mrs CTeasdale (Appointed
6e March 2024)|||||
||||Mr M Walker (Resigned 18'"January 2024)|||||
|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|||||
||||Chllterns
Corporate
Business Centre|||||
||||PO Box412, 2~ 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, 73-75 High St|||||
||||Stevenage,
Hertfordshire,
SG13HR|||||
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|Mr 8 Cartledge|||(2)|
|---|---|---|---|
|Mrs CAlmond
(resigned
Mr A Grounds
(resigned|7w July 2023)
1"November|2022)|(1)(3)
(1)|
|Dr Haycock|||(1)(3)|
|Mr J Matthews|||(2)|
|Ms A McNaney|||(1)|
|Mrs F Nijkamp-Lyell|||(2)(3)|
|Mrs J O'Gorman|||(1)|
|Mrs SPeck (resigned
7w|July 2023)||(2)|
|Mrs N Shepherd
(resigned 18'"January||2024)|(1)(3)|
|Mr M Walker (resigned|18~ January 2024)|||
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||||Unrestricted||Total Funds for|Total Funds for|
|---|---|---|---|---|---|---|
||||Funds||the Year ended|the Year ended|
|||Notes|2023||31August 2023|31August 2022|
||||f||f|E|
|Income|||||||
|Donations
and|||||||
|legacies:
Donations||||||2,000|
|Other income|||98,509||98,509|88,098|
|Income from|||||||
|charitable
activities:|||||||
|School fees receivable|||5,433,717||5,433,717|5,281,780|
|Other educational|||208,385||208,385|160,557|
|income|||||||
|Other ancillary|income||44,955||44,955|34,020|
|Total Income|||5,785,566||5,785,566|5,566,455|
|Expenditure|||||||
|Expenditure
on|||||||
|charitable
activities:|||||||
|Educational
costs|||4,038,859||4,038,859|4,033,011|
|Welfare costs|||453,840||453,840|415,166|
|Premises costs|||931,870||931,870|828,589|
|Financing cost|||157,158||157,158|59,785|
|Governance
costs|||24,117||24,117|24,216|
|Total expenditure||5|5,605,844||5,605,844|5,360,767|
|Net Income|||179,722||179,722|205,688|
|Transfers between|||||||
|funds|||||||
|Net movement|in||179,722||179,722|205,688|
|funds|||||||
|Accumulated|funds brought||7,323,937|699|7,324,636|7,188,949|
|forward|||||||
|Accumulated|funds carried|||699|7,504,358|7,324,637|
|forward|||||||
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|alance sheet as|at 31Aug|ust 202|3||||
|---|---|---|---|---|---|---|
|||||2023||2022|
|||Notes||f||f|
|Fixed assets|||||||
|Tangible assets||||10,681,203||10,772,564|
|Current assets|||||||
|Stock||9|7,389||7,956||
|Debtors||10|315,707||202,175||
|Cash at bank and in|hand||1,169,191||1,273,356||
||||1,492,287||1,483,487||
|Creditors: amounts|falling due|11|(1,214,862)||(1,456,341)||
|within one year|||||||
|Net current
(liabilities) / assets||||277,425||27,146|
|Total assets less current||||10,958,628||10,799,710|
|liabilities|||||||
|Creditors: amounts|falling due|12||(3,454,270)||(3,475,073)|
|after more than one year|||||||
|Net assets||||7,504,358||7,324,637|
|Accumulated
funds|||||||
|Restricted fund||Page|13 ik note 15|699||699|
|Unrestricted
funds:|||||||
|General funds|||Page 13|7,503,659||7,323,938|
|||||7,504,358||7,324,637|
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|tatement ofcash flows for the ye|ar|ended 31A|ugust 2023||
|---|---|---|---|---|
||||2023|2022|
||||E|E|
|Cash flows from operating
activities|||||
|Net cash provided
by operating
activities (note (a))|||138,633|542,665|
|Cash flows from investing
activities|||||
|Purchase of property,
plant and equipment
Proceeds from sale|||(434,289)
248,891|(677,665)|
|Net Cash Inflow Before Financing|||(46,765)|(135,000)|
|Cash flows from financing
activities|||||
|Repayments
of borrowing|||(57,399)|(142,115)|
|Net cash used
in financing
activities|||(57,399)|(142,115)|
|Change
in cash and cash equivalents
in the year|||(104,165)|(277,115)|
|Cash and cash equivalents
at the beginning||ofthe|1,273,356|1,550,471|
|reporting
period|||||
|Cash and cash equivalents
at the end ofthe|||1,169,191|1,273,356|
|reporting
period|||||
|Notes tothe cash flow statement|||||
|(a)
Reconciliation
ofoperating
surplus
cash flow from operating
activities||to net|2023
E|2022
E|
|Net income for the reporting
period|||179,722|205,688|
|Adjustments
for:
Depreciation|||347,623|336,521|
|(Profit)/Loss
on disposal offixed
(Increase)/Decrease
In stock
(Increase)/Decrease
In debtors|assets||(70,860)
566
(113,532)|5,566
7,789|
|Increase/(Decrease)
in creditors|||(204,886)|(12,899)|
|Net cash provided
by operating|activities||138,633|542,665|
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|Notes|to cash flow statement
(continued)|to cash flow statement
(continued)|to cash flow statement
(continued)|||||
|---|---|---|---|---|---|---|---|
|(b)|Reconciliation
ofnet cash flow
in net debt/funds||to|movement||2023
f|2022
6|
||Increase/(Decrease)
in cash|in the||year||(104,165)|(277,115)|
||Cash used to repay loans|||||57,400|142,115|
||Change
in net debt resulting|from||cash flow||(46,765)|(135,000)|
||Net debt at 1September 2022|||||(2,112,364)|(1,977,364)|
||Net debt at 31August 2023|||||(2,159,129)|(2,112,364|
|(c)|Analysis ofchange In net
debt||1september||Cash|Other non-
cash|31August|
|||||2022|flow|changes|2023|
|||||f|f|f|6|
||Cash at bank and
in hand|||1,273,356|(104,165)||1,169,191|
||Debt due within one year|||(130,172)|55,172||(75,000)|
||Debt due after one year||(3,255,548)||2,226||(3,253,320)|
||||(2,112,364)||(46,765)||(2,159,129)|
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|3.|Other|Income|||Year ended|Yearended|
|---|---|---|---|---|---|---|
||||||31August 2023
6|31August 2022
f|
|||Donations-|Unrestricted||||
|||Donations-|Restricted|||2,000|
|||||||2,000|
|||Other Income|||||
|||Sundry|||90,451|87,845|
|||Interest|||8,058|253|
||||||98,509|88,098|
|||Other educational||Income|||
|||Registration
School trliss|fees||12,900
164,945|10,900
117,410|
|||Late club fees|||30,540|32,247|
||||||208,385|160,557|
|||Other ancillary income|||||
|||School bus|fares||44,955|34,020|
|||Rental Income|||||
||||||44,955|34,020|
|||Total|||351,849|284,675|
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|Staff costs|||||||
|---|---|---|---|---|---|---|
|||||Year ended||Yearended|
||||||31Aug|31Aug|
||||||2023|2022|
||||||f|f|
|Wages and salaries
Social Security costs
Pension contributions||||2,799,706
278,307
506,571||2,814,517
278,129
498,218|
|||||3,584,584||3,590,864|
|||||Year ended||Yearended|
||||||31Aug|31Aug|
||||||2023|2022|
||||||Number|Number|
|The average monthly||head count was 90staff (2022 —93staff and|||the||
|average monthly|number of full time equivalent||persons employed||was:||
|Teaching|||||60|63|
|Premises|||||3|3|
|Administration|and|Minibus
drivers|||12|13|
||||||75|79|
|The number ofemployees||who earned more than f60,000||on an annualised
basis was|||
||||||2023|2022|
||||||Number|Number|
|f60,001to f70,000|||||||
|f70,001to f80,000|||||||
|f80,001to f90,000|||||||
|f90,001to f100,000|||||||
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|||||||Depreci-|||
|---|---|---|---|---|---|---|---|---|
||||||||Year|Year|
||||staff|Direct|Support||ended 31|ended 31|
||||Costs|Costs|Costs|ationn|Aug 2023|Aug 2022|
||||f|6|f|f|f|6|
|Charitable|||||||||
|expenditure
Educationa
I costs|||3,356,285|477,024|113,536|92,014|4,038,859|4,033,011|
|Welfare|costs||15,000|436,090|2,750||453,840|415,166|
|Premises|costs||204,299|427,962|44,000|255,609|931,870|828,589|
|Financing
costs
Governance|||9,000||157,158
15,117||157,158
24,117|59,785
24,216|
||||3,584,584|1,341,076|332,561|347,623|5,605,844|5,360,767|
|Flnandng||costs|||||||
||||||||2023|2022|
||||||||6|f|
|Interest|payable on bank loan||||||155,740|58,513|
|Bank charges|||||||1,418|1,272|
||||||||157,158|59,785|
##
||2023
6|2022f|
|---|---|---|
|Bursar's time|9,000|9,000|
|Audit fee|15,117|14,961|
|Trustees meeting expenses||255|
||24,117|24,216|
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|Support costs
agocatlon||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||Wages and
salaries|Advertising
and
Promotlons|Postage
arid|Printing
and
stationery|Legal and
Professional|Subscrlptlons|Sundry|Totalforyear
ended
31Aug
2023||Totalforyear
ended
31Aug
2022||
||E|E|telephone|6|E|6|6||6||E|
||||E|||||||||
|Charitable||||||||||||
|eapendlture||||||||||||
|Educational|||15,894|23,424|41,107|7,782|61,739||556,896||629~3|
|costs
Welfare costs
Premises|15,000
15,000|||1,750
1,750|||||17,550
17,550||17,550
17,550|
|costs|398,225|38,725|17,494|26,924|41,107|7782|61,739||592„r66||664,483|
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|||||||Freehold||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Land and|Furniture|||
||||portakabins||f|Buildings
E|and
Equipment|Mower
f|Total
f|
||||||||f|||
|Cost:||||||||||
|1September|2022||326,029|||13,367,675|1,072,246|34,242|14,800,192|
|Additions||||||364,324|69,965||434,289|
|Disposals||||||(153,673)|(76,158)||(229,831)|
|31August 2023|||326,029|||13,578,326|1,066,053|34,242|15,004,650|
|Depreciation:||||||||||
|1September|2022||326,029|||2,821,702|845,655|34,242|4,027,628|
|Charge for the||||||255,609|92,014||347,623|
|year||||||||||
|Disposals||||||(22,514)|(29,290)||(51,804)|
|31August 2023|||326,029|||3,054,797|908,379|34,242|4,323,447|
|Net book value:||||||||||
|31August 2023||||||10,523,529|157,674||10,681,203|
|31August 2022||||||10,545,973|226,591||10,772,564|
|All tangible fixed||assets are||held|for use by the Charity.|||||
|Assets included||in freehold||land|and buildings
that are not depreciated|||amount tof740,816|(2022—|
|E740,816).||||||||||
|Stock||||||||||
|||||||||2023|2022|
|||||||||E|f|
|Educational|sup|plies||||||7,389|7,956|
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|ued|j|||||||
|---|---|---|---|---|---|---|---|
|10.|Debtors|||||||
|||||||2023|2022|
|||||||6|f|
||Trade debtors|||||27,729|11,265|
||Other debtors|||||109'040|84,740|
||Prepayments|||||178,938|106,170|
|||||||315,707|202,175|
|11.|Creditors: amounts|falling due within||one year||2023
f|2022
6|
||Bank loans (Note 13)|||||75,000|130,172|
||Payroll taxes|||||77,484|72,578|
||Trade creditors|||||58,184|359,724|
||Other creditors|||||106,484|101,015|
||Accruals|||||68,695|62,834|
||Deferred Income (Note 14)|||||829,015|730,022|
|||||||1,214,862|1,456,345|
|12.|Creditors: amounts|falling due after more than one year||||2023
f|2022
6|
||Bank loans (Notes 13)|||||3,253,320|3,255,548|
||Pupil deposits|||||200,950|219,525|
|||||||3,454,270|3,475,073|
|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 2023 and||which includes|
|deposits ofapproximately f34,450|||repayable|after more than five|years (2022 - E31,825).|||
|13.|Bank loans|||||2023
6|2022
f|
||The bank loans —repayable||by instalments:|||||
||Due within one year|||||75,000|130,172|
||Due between
two and five years|||||225,000|390,516|
||Due more than five|years||||3,028,320|2,865,032|
|||||||3,328,320|3,385,720|
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|Balance at 1September 2022:||
|---|---|
|Due within one year|730,022|
|Due after more than one year||
||730,022|
|Released
in year|(730,022)|
|Invoiced
In year|829,015|
|Balance at 31August 2023 all due within one year|829,015|
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||2023
f|2022f|
|---|---|---|
|Not later than 1year|40,466|49,341|
|Later than 1year and not later than 5years|19,414|73,193|
|Total|59,880|122,534|
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