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|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Charity,|its Trustees and Advisers||
|Trustees' Report||||2-6|
|Trustees'
Responsibilities
Statement|||||
|Independent
Auditors'|Report|on the Financial Statements||8-12|
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Statement ofCash F}ows|||||
|Notes to the Financial|Statements|||16-31|
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|Trustees|||R G Ellice,|Chair|
|---|---|---|---|---|
||||L Saggers||
||||C Petherbridge||
||||K Hitch||
||||J M Templeton-Knight||
||||A EJohnson||
||||S K Penney||
||||JWadge||
|Company
number|registered||00721476||
|Charity registered|||||
|number|||310876||
|Registered||oNce|Hillingdon|House|
||||Hobbs Cross Road||
||||Old Harlow||
||||Essex||
||||CM17 ONJ||
|Company|secretary||Y Mardel||
|Independent||auditors|Haslers||
||||Chartered|Accountants|
||||Old Station|Road|
||||Loughton||
||||Essex||
||||IG104PL||
|Bankers|||Barclays Bank Plc||
||||Harlow Water Gardens||
||||Harlow||
||||CM20 1AN||
||||Close Brothers Treasury||
||||4th Floor||
||||10Crown Place||
||||London||
||||EC2A 4FT||
||||COIF Charity Funds||
||||Senator House||
||||85 Queen Victoria Street||
||||London||
||||EC4V 4ET||
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2027|
|||Note||||
|Income from:||||||
|Donations
and|legacies|3|'I63,234|163,234|205,049|
|Charitable
activities||4|5,673,142|5,673,142|4,979,729|
|Investments||5|5,277|5,277|4,437|
|Total income|||5,841,653|5,841,653|5,189,275|
|Expenditure
on:||||||
|Charitable
activities|||5,164,465|5,164,465|4,927,585|
|Total expenditure|||5,164,465|5,164,465|4,927,585|
|Net movement|in funds||677,188|677,188|26f,630|
|Reconciliation|offunds:|||||
|Total funds brought forward|||3,944,331|3,944,331|3,682,707|
|Net movement|in funds||677,188|677,188|267,630|
|Total funds carried forward|||4,621,519|4,621,519|3,944,331|
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||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Note||E|||
|Fixed assets||||||||
|Tangible assets|||||4,555,391||4,265,675|
||||||4,555,391||4,265,675|
|Current assets||||||||
|Debtors|||l2|152,961||82,811||
|Cash at bank and in hand||||2,037,779||1,528,978||
|||||2,190,740||1,611,789||
|Creditors: amounts|falling|due within one||||||
|year|||13|(1,172,757)||(900,305)||
|Net current assets|||||1,017,983||711,484|
|Total assets less current||liabilities|||5,573,374||4,977,159|
|Creditors: amounts|falling|due after more||||||
|than one year|||||(951,855)||f'1,032,828)|
|Total net assets|||||4,621,519||3,944,331|
|Charity funds||||||||
|Restricted funds|||16|||||
|Unrestricted
funds|||16||4,621,519||3,944,331|
|Total funds|||||4,621,519||3,944,331|
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|||||2022|2021|
|---|---|---|---|---|---|
|Cash flows from operating|activities|||||
|Net cash used in operating|activities|||'l,051,591|513,362|
|Cash flows from investing|activities|||||
|Dividends,
interests
and rents from investments||||5,277|4,437|
|Purchase oftangibte
fixed assets||||(4'l7,122)|(59,656)|
|Net cash used in investing|activities|||(411,845)|(55,219)|
|Cash flows from financing|activities|||||
|Repayments
of borrowing||||(130,945)|l'f29,223)|
|Net cash used in financing|activities|||(130,945)|(129,223)|
|Change
in cash and cash|equivalents|in|the year|508,801|328,920|
|Cash and cash equivalents|at the beginning||ofthe year|'l,528,978|7,200,058|
|Cash and cash equivalents|at the end|of|the year|2,037,779|1,528,978|
|The notes on pages 'l6 to 31 form part ofthese financial statements||||||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|202'l|
|||F||E|
|Grants|||||
|EYFS Funding||111,534|111,634|84,275|
|Government|grants||||
|CJRS Funding||1,523|1,523||
|Subtotal grants||'i13,057|113,D57|159,622|
|Donations||5,177|5,177|427|
|Donated services and facilities||45,000|45,D00|45,000|
|Subtotal||50,177|50,177|45,427|
|||163,234|163,234|205,049|
|Total 2029||205,049|205,049||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2021|
||E|E||
|Hire income|16,883|16,883|11,298|
|Tuition and other fees|5,656,259|5,655,259|4,968,431|
||5,673,142|5,673,142|4,979,729|
|Total 202$|4,979,729|4,979,729||
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||Activities|Grant||||
|---|---|---|---|---|---|
||undertaken|funding
of|Support|Total|Total|
||directly|activities|costs|funds|funds|
||2022|2022|2022|2022|2021|
||F||||L'|
|Tuition and other fees|4,853,815||'I94,281|5,048,096|4,775,111|
|Grants||116,369||116,369|152,474|
||4,853,815|116,369|194,281|5,164,465|4,927,585|
|Total 2021|4,431,875|134,768|360,942|4,927,585||
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|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022|2021|
|Staff costs||||3,458,331|3,273,$83|
|Rates and water||||30,210|37,887|
|insurance||||60,806|59,819|
|Light and heat||||96,338|82,655|
|Telephone||||27,299|29,116|
|Postage and stationery||||3,639|4,876|
|Advertising||||46,178|36,774|
|Sundries||||61,799|8,434|
|Outings,
lunches,||sports etc.||118,417|6,064|
|Educational
books|||& materials|121,647|89,339|
|Travel expenses||&|course fees|21,654|13,734|
|Sports & swimming|||expenses|10,140|6,407|
|Repairs and maintenance||||120,36'l|162,566|
|Household
cleaning|||and refuse|109,129|86,468|
|Subscriptions||||7,472|6,287|
|Computer
support||costs||33i322|86,981|
|Bad debts||||8,777|23,238|
|Catering contract||||409,265|279,168|
|Donations
&collections||||923|778|
|Teachers social||||5,135|8,778|
|Nursery costs||||611|l7,706|
|Other operating|ieases|||102,362|107,194|
|Recruitment|||||4f,083|
|||||4,853,815|4,43I,875|
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|||||Total|Tofal|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022|2021|
|Depreciation||||127,404|170,613|
|interest payable||||31,195|33,362|
|Auditor's
remuneration||||19,253|10.800|
|Legal and professional|fees|||13,369|26,699|
|Bank charges||||699|551|
|Loss on disposal offixed assets|||||100,769|
|Stables expenditure||||2,361|18,148|
|||||194,281|360,942|
|Auditors'
remuneration||||||
|||||2022|2021|
|Fees payable to the Charity's||auditor for the audit ofthe Charity's|annual|||
|accounts||||11,880|10,800|
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|||||2022|2027|
|---|---|---|---|---|---|
|Wages and|salaries|||2,715,178|2,59$,977|
|Social security costs||||270,579|251,429|
|Contribution|to defined|contribution|pension schemes|472,574|429,837|
|||||3,458,331|3,273,$83|
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|2022|2021|
|---|---|
|No.|No.|
|92||
|2022|2021|
|---|---|
|No.|No.|
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|||||Fixtures and|Fixtures and||
|---|---|---|---|---|---|---|
||||Long-term|Equipment:|Equipment:||
|||Freehold|leasehold|School and|House and||
|||property|property|Sports|Grounsd|Total|
||||||E||
|Cost or valuation|||||||
|At 1 September 2021||1,515,903|4,725,825|574,9'}0|38,095|6,855,733|
|Additions||245,954|67,806|102,515|848|417,'l22|
|At 31August|2022|1,761,857|4,794,530|677,426|38,943|7,272,866|
|Depreciation|||||||
|At 1 September 2021||50,636|2,130,551|377,842|21,0'I 9|2,690,058|
|Charge for the year||30,994|71,809|22,604|1,999|127,406|
|At 31August|2022|91,630|2,202,370|400,448|23,018|2,7'l7,.464|
|Net book value|||||||
|At 31August|2022|1,870,227|2,592,280|276,979|16,925|4,666,391|
|At 37 August|202$|1,455,267|2,596,264|'f97,068|1T,076|4,265,675|
|Debtors|||||||
||||||2022|2021|
||||||E||
|Due within one year|||||||
|Trade debtors|||||62,778|15,017|
|Prepayrnents|and accrued income||||90,183|67,794|
||||||152,961|82,8t1|
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|||2D22|202$|
|---|---|---|---|
||||E|
|Bank loans||30,972|30,085|
|Other loans|||50,000|
|Trade creditors||387,822|237,600|
|Other taxation and social security||67,229|85,505|
|Other creditors||59,124|104,777|
|Accruals and deferred|Income|627,610|392,938|
|||1,172,767|900,305|
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|||2022||2021|
|---|---|---|---|---|
|Bank|loans|961,855||982,828|
|Other|loans|||50,0O0|
|||95'i,855|7,|032,828|
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|Analysis|ofn|et assets between funds -current year|||
|---|---|---|---|---|
||||Unrestricted|Totai|
||||funds|funds|
||||2022|2022|
|Tangible|fixed|assets|4,555,391|4,666,39'i|
|CUrrent|assets||2,19G,74G|2,190,740|
|Creditors|due|within one year|(1,172,757)|(1,172,767)|
|Creditors|due|in more than one year|(951,855)|(961,866)|
|Total|||4,621,5'i 9|4,621,619|
|Analysis|ofn|et assets between funds - prior year|||
|---|---|---|---|---|
||||Unrestricferl|Total|
||||funds|funds|
||||2021|202i|
|Tangible|fixed|assets|4,265,675|4,265,675|
|Current|assets||1,611,789|1,611,789|
|Creditors|due|within one year|(900,305)|(900,305)|
|Creditors|due|in more than one year|($,032,828)|(f,032,828)|
|Total|||3,944,331|3,944,33$|
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|19.|Reconcili|ation
of n|et|movement|in fund|s to net cash flow fr|om operating|activities||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
||Net income for the year (as per Statement|||||of Financial Activities)||677,188|261,630|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||127,406|170,613|
||Tangible|assets purchased||||||417,122||
||Dividends,|interests|and rents from||investments|||(6,277)|(4,437)|
||Loss on the sale offixed assets||||||||100,769|
||Decrease/(increase)||in debtors|||||(47,761)|623|
||Decrease|in creditors||||||(117,087)|(15,836)|
||Net cash|provided
by operating|||activities|||1,051,591|513,362|
|20.|Analysis|of cash and||cash equivalents||||||
|||||||||2022|2021|
||Cash
in hand|||||||2,037,779|1,528,978|
||Total cash and cash|||equivalents||||2,037,779|1,528,978|
|21.|Analysis|ofchanges||in net debt||||||
||||||||At 1|||
||||||||September||At 31|
||||||||2021|Cash flows|August 2022|
||||||||E|||
||Cash at bank and in||hand||||1,528,978|508,801|2,037,779|
||Debt due|within
1 year|||||(80,085)|49,113|(30,972)|
||Debt due|after 1 year|||||(1,032,828)|80,975|(961,853)|
||||||||416,065|638,889|1,054,954|
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|cancellable|operating
leases as follows:|||
|---|---|---|---|
|||2022|202f|
|Not iater than 1 year||28,450|36,0f8|
|I ater than|1 year and not later than 5years|37,762|55,918|
|Later than|5 years|143,220|149,T30|
|||209,432|24 /,666|
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