2023-08-31-accounts - St Cedd's School Educational Trust Limited

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Trustees' annual report (incorporating			the	director's	report)
Independent auditor's	report to	the members				13
Statement offinancial	activities	(including		income and
expenditure account)
Statement offinancial	position					20
Statement ofcash flows						21
Notes to the financial	statements					22

The trustees,	The trustees,	who are	who are	also the	directors for the purposes	of company	of company	law, present	law, present	their report and the
financial statements			ofthe charity for the year ended 31 August 2023.
Reference	and administrative				details
Registered		charity	name		StCedd's School Educational		Trust	Limited
Charity registration			number		310865
Company	registration			number	00795895
Principal office and			registered		178a New London Road
office					Chelmsford
					Essex
					CM2 OAR
The trustees
					Mr G C Allen (Chair)
					Mr M K Bryant
					Mrs A H Childs
					Mr P Copeland
					Mrs J L Dagg
					Mr F M Hargreaves
					Mrs R Kangesu
					Mrs F M Marshall
					DrSPeck
					Mr S Hayman
					Rev R A Harvey		(Appointed		21	September 2022)
Senior management				personnel
					Mr M ClarKe —Head
					Mrs E Hodivala —Deputy Head
					Mrs SAngel —Bursar
					Mr STurner —Head of	Pastoral	Care
					Mrs RWeaver —Head	ofAcademic
Auditor					Edmund Carr LLP
					Chartered Accountants	8 Statutory		Auditor
					146New London Road
					Chclmsford
					Essex
					CM2 OAW
Bankers					Barclays Bank pic
					40-.41 High Street
					Chelmsford
					Essex
					CM1 1BE
Solicitors					Birkett Long LLP
					Faviell House
					1 Coval Wells
					Chelmsford
					Essex
					CM1 1WZ

Company Limited by Guarantee	Company Limited by Guarantee	Company Limited by Guarantee	Company Limited by Guarantee	Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)					fconfinued)
Year ended 31August 2023
-To continue to improve the academic success ofthe School.
- To prepare pupils for entry to their choice of senior school achieve.	education		at	the best		level they				can
-To continue to develop the quality ofteaching and learning
-To inaintain the breadth ofextra-curricular provision for pupils.
-To continue to provide excellent pastoral care for pupils.
- To build on the success of the registration process to make		admission		accessible			to	the	wider
community.
-To ensure all children have access to necessary strategies to	become resilient,				life-long		learners.
-To play an active part in the life ofour local community.
-To develop further potential links with local state schools.
-To ensure robust financial and infrastructure planning to allow	for the development of facilities								in	the
context ofa stable financial position.
-To embrace new technologies for children's immediate and future		educational			benefit.
-To promote community links and fundraising with development	ofthe Old		St	Cedd's Association.
- To ensure that parents are fully involved in the School's welfare initiatives.	academic,		co-curricular,				pastoral			and
- Facilitate academic and non-academic administrative efficiency.
-To create a secure and safe environment for learning.
Strategies to achieve the year's objectives
-The Whole School Development Plan
-Annual Performance Management Reviews ofstaff with SMART		targets and		success criteria.
-Evaluation ofthe curriculum.
- Furthering the links and opportunities to be involved in local intellectual property.		community		projects		and		in sharing
-Continued focus on pupil behaviour, politeness, manners and courtesy.
-Continued development ofthe quality ofteaching and learning.
-Seek professional advice where appropriate to ensure regulatory		compliance

				2023	2022
				Total funds	Total funds
					E
Income and endowments
Charitable activities				4,281,523	4,165,000
Other trading activities				76,714	71,513
Investment income				9,938	693
Total income				4,368,175	4,237,206
Expenditure
Expenditure on raising funds:
Costs offinancing Costs ofother trading	activities		8 9	3,492 55,652	1,526 49,229
Expenditure on charitable	activities		10,11	4,221,464	3,831,147
Total expenditure				4,280,608	3,881,902
Net income and net movement		in funds		67,567	355,304
Reconciliation offunds
Total funds brought forward				5,852,686	5,497,382
Total funds carried forward				5,940,253	5,852,686

				2023		2022
			Note			E
Fixed assets
Tangible fixed assets			17		5,073,643		5,117,760
Current assets
Stocks			18	68,317		72,242
Debtors			19	116,755		113,085
Cash at bank and in	hand			1,290,976		1,011,233
				1,476,048		1,196,560
Creditors: amounts	falling	due
within one year			20	536,438		390,634
Net current assets					939,610		805,926
Total assets less current		liabilities			6,013,253		5,923,686
Creditors: amounts	falling	due after
more than one year			21		73,000		71,000
Net assets					5,940,253		5,852,686
Funds ofthe charity
Unrestricted funds					5,940,253		5,852,686
Total charity funds			23		5,940,253		5,852,686

			2023	2022
				E
Cash flows from operating	activities
Net income			87,567	355,304
Adjustments for:
Depreciation oftangible fixed assets			127,455	143,237
Other interest receivable and Accrued expenses/(income)	similar income		(9,938) 259	(693) (49,958)
Chengesin:
Stocks Trade and other debtors Trade and other creditors			3,925 (3,670) 147,545	(20,162) 5,272 94,672
Cash generated from operations			353,143	527,672
Interest received			9,938	693
Net cash from operating activities			363,081	528,365
Cash flows from investing	activities
Purchase oftangible assets			(83,338)
Net cash used in investing activities			(83,338)
Net increase in cash and cash equivalents			279,743	528,365
Cash and cash equivalents	at beginning	ofyear	1,011,233	482,868
Cash and cash equivalents	at end ofyear		1,200,976	1,011,233

		Total Funds	Total Funds
		2023	2022
School fees		4,072,423	3,962,201
Clubs		193,211	182,214
Registration	fees	7,300	8,000
Miscellaneous	school income	8,589	12,585
		4,281,523	4,165,000

			Total Funds	Total Funds
			2023	2022
			K	F
	Shop income		75,830	68,914
	Commission	income	884	2,599
			76,714	71,513
7.	Investment	income
			Total Funds	Total Funds
			2023 f	2022 P.
	Bank interest	receivable	9938	693

Total	Funds	Total	Funds
	2023 f		2022 P.
	9,938		693

Yea	r ended 31August	r ended 31August	20	23
8.	Costs offinancing
					Total Funds	Total Funds
					2023 f	2022 f
	Bank interest	and charges			3,492	1,526
9.	Costs ofother trading		activities
					Total Funds	Total Funds
					2023 f	2022 f
	Costs ofother trading		activities - Shop
	costs				55,652	49,229
10.	Expenditure	on charitable		activities by fund type
					Total Funds	Total Funds
					2023	2022
	Provision ofeducation				3,285,276	2,997,960
	Support costs				936,188	833,187
					4,221,464	3,831,147

Expenditure	on charitable act	ivities by activity type
		Activities
		undertaken	Support	Total funds	Total fund
		directly f	costs f	2023 f	2022
Provision of	education	3,285,276	911,184	4,196,460	3,810,073
Governance	costs		25,004	25,004	21,074
		3,285,276	936,188	4,221,464	3,831,147

Analysis o	fsupport costs
		Total 2023 f	Total 2022 f
Staff costs		600,103	573,432
General office		311,920	229,518
Governance	costs	12,420	11,820
Advertising,	publicity 8 recruitment	11,745	18,417
		936,188	833,187

13.	Net income	Net income
	Net income is stated after charging/(crediting):
			2023 f	2022 f
	Depreciation oftangible fixed	assets	127,455	143,237
14.	Auditors remuneration
			2023 f	2022 f
	Fees payable for the audit of	the financial statements	11,400	11,100
	Fees payable to the charity's	auditor and its associates for other services:
	Payroll services		13,603	9,976

Staff costs
The total staff costs and employee	benefits for the reporting	period are analysed as	follows:
		2023 f	2022 f
Wages and salaries Social security costs Pension costs Other employee benefits		2,324,805 208,886 355,219 13,381	2,186,131 179,099 337,941 14,979
		2,902,291	2,718,150

The average head count of	employees during the ye	ar was 97(2	022:95).	022:95).
The number of employees insurance contributions and	whose reinuneration other benefits) fell within	for the year the following	(including employer's bands, were:		national
				2023	2022
				No.	No.
f60,000 tof69,999 f70,000 tof79,999 f80,000 tof89.999				2 1 1	1 1
f100,000tof109,999				1
				5

Tangible fixed assets
		Fixtures and
	Land and	other		Computer
	buildings	equipment	Demountables	Equipment	Total
			E	F
Cost
At 1 September 2022	5,506,232	375,633	183,873	485,117	6,550,855
Additions		28,408	54,930		83,338
At 31August 2023	5,506,232	404,041	238,803	485,117	6,634,193
Depreciation
At 1 September 2022 Charge for the year	437,492 91,723	340,642 19,351	181,662 4,563	473,299 11,818	1,433,095 127,455
At 31August 2023	529,215	359,993	186,225	485,117	1,560,550
Carrying amount
At 31August 2023	4,977,017	44,048	52,578		5,073,643
At 31August 2022	5,068,740	34,991	2,211	11,818	5,117,760

Creditors: amounts	falling due within one year
		2023	2022
Trade creditors Accruals and deferred Pupil deposits held Receipts in advance Other creditors	income	92,295 19,473 11,250 318,097 95,323	20,451 19,214 9,750 240,806 100,413
		536,438	390,634
Creditors: amounts	falling due after more than one year
		2023	2022
Pupil deposits held		73,000	71,000

Unrestri	cted funds
			At			At
		1	September			31August
			2022	Income	Expenditure	2023
				E	E	F
General	funds		5,852,686	4,368,175	(4,280,608)	5,940,253
			5,852,686	4,368,175	(4,280,608)	5,940,253
			At			At
		1	September			31 August
			2021	Income	Expenditure	2022
				F		E
General	funds		5,497,382	4,237,206	(3,881,902)	5,852,686
			5,497,382	4,237,206	(3,881,902)	5,852,686

	5,49	5,49	5,49	7,382 4,237,206	(3,881,902)	5,852,686
25.	Analysis of net assets between funds
					Unrestricted	Total Funds
					Funds f	2023
	Tangible fixed assets				5,073,643	5,073,643
	Current assets Creditors less than 1 Creditors greater than		year 1 year		1,476,048 (536,438) (73,000)	1,476,048 (536,438) (73,000)
	Net assets				5,940,253	5,940,253
					Unrestricted	Total Funds
					Funds	2022
					F
	Tangible fixed assets				5,117,760	5,117,760
	Current assets				1,196,560	1,196,560
	Creditors less than 1 year Creditors greater than 1 year				(390,634) (71,000)	(390,634) (71,000)
	Net assets				5,852,686	5,852,686
26.	Analysis ofchanges		in net debt
				At		At
				1 Sep 2022	Cash flows	31 Aug 2023
	Cash at bank and in	hand		1,011,233	279,743	1,290,976