## ## ## ## |||||||Page| |---|---|---|---|---|---|---| |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|The average head count of|employees
during
the ye|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|