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|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees'
Report|||2-6|
|Trustees'
Responsibilities
Statement||||
|Independent
Auditors'|Report|on the Financial Statements|8-11|
|Statement of Financial|Activities||12|
|Balance Sheet|||13|
|Statement of Cash Flows|||14|
|Notes to the Financial|Statements||15-29|
|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE||DETAILS|DETAILS|DETAILS|OF THE CHARITY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|---|---|---|
||||FOR THE YEAR ENDED 31AUGUST 2023||||||
|Trustees|||R G Ellice, Chair||||||
||||LSaggers (resigned||||1 January 2023)||
||||C Petherbridge|(resigned||||1 November 2022)|
||||K Hitch||||||
||||J M Templeton-Knight||||||
||||A EJohnson||||||
||||S K Penney||||||
||||JWadge||||||
||||M Welby (appointed||||1 January 2023)||
||||T Haste (appointed|||1|January 2023)||
|Company|registered||||||||
|number|||00721476||||||
|Charity registered|||||||||
|number|||310876||||||
|Registered||office|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 Pic||||||
||||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||||||
||||EC4V4ET||||||
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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023|2023|2022|
||||Note||||
|Income from:|||||||
|Donations
and|legacies||3|150,794|150,794|163,234|
|Charitable
activities|||4|6,399,434|6,399„434|5,673,142|
|Investments|||5|37,951|37,951|5,277|
|Total income||||6,588,179|6,588,179|5,841,653|
|Expenditure
on:|||||||
|Charitable
activities||||6,016„513|6,016,513|5,164,465|
|Total expenditure||||6,016,513|6,016,513|5,164,465|
|Net movement|in funds|||571,666|571„666|677,188|
|Reconciliation|offunds:||||||
|Total funds brought||forward||4,621,519|4,621,519|3,944,331|
|Net movement|in funds|||571,666|571,666|677,188|
|Total funds carried||forward||5,193,185|5,193,185|4,621,519|
##
||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets||||||||
|Tangible assets|||||5,207,602||4,555,391|
||||||5,207,602||4,555,391|
|Current assets||||||||
|Debtors|||12|124,590||152,961||
|Cash at bank and|in hand|||2,026,371||2,037,779||
|||||2,150,961||2,190,740||
|Creditors: amounts|falling|due within one||||||
|year|||13|(1,206,662)||(1,172,757)||
|Net current assets|||||944,299||1,017,983|
|Total assets less|current|liabilities|||6,151,901||5,573,374|
|Creditors: amounts|falling|due after more||||||
|than one year|||14||(958,716)||(951,855)|
|Total net assets|||||5,193,185||4,621,519|
|Charity funds||||||||
|Restricted
funds|||16|||||
|Unrestricted
funds|||16||5,193,185||4,621,519|
|Total funds|||||5,193,185||4,621,519|
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||||2023f|2022|
|---|---|---|---|---|
|Cash flows from operating|activities||||
|Net cash used
in operating|activities||809,691|1,000,731|
|Cash flows from investing|activities||||
|Dividends,
interests
and rents from investments|||37,951|5,277|
|Purchase oftangible
fixed assets|||(828,079)|(417,122)|
|Net cash used in investing|activities||(790,128)|(411,845)|
|Cash flows from financing|activities||||
|Repayments
of borrowing|||(30,971)|(80,085)|
|Net cash used in financing|activities||(30,971)|(80,085)|
|Change
in cash and cash|equivalents
in|the year|(11,408)|508,801|
|Cash and cash equivalents|at the beginning|ofthe year|2,037,779|1,528,978|
|Cash and cash equivalents|at the end of|the year|2,026,371|2,037,779|
|The notes on pages 15to 29form part ofthese financial statements|||||
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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023|2023|2022|
||Grants||||||
||EYFS Funding|||90,993|90,993|111,534|
||Government|grants|||||
||CJRS Funding|||||1,523|
||Subtotal grants|||90,993|90,993|113,057|
||Donations|||14,801|14,801|5,177|
||Donated services and facilities|||45,000|45,000|45,000|
||Subtotal|||59,801|59,801|50,177|
|||||150,794|150,794|163,234|
||Total 2022|||163,234|163,234||
|4.|Income from|charitable|activities||||
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2022|
|||F||
|Hire income|19,678|19,678|16,883|
|Tuition and other fees|6,379,756|6„379,756|5,656,259|
||6,399,434|6,399„434|5,673,142|
|Total 2022|5,673,142|5,673,142||
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||Activities|Grant||||
|---|---|---|---|---|---|
||undertaken|funding of|Support|Total|Total|
||directly|activities|costs|funds|funds|
||2023|2023|2023|2023|2022|
||||E|||
|Tuition and other fees|5,682,225||230,710|5,912,935|5,048,096|
|Grants||103,578||103,578|1'/6,369|
||5,682,225|103,578|230,710|6,016,513|5,164,465|
|Total 2022|4,853,815|116,369|194,281|5,164,465||
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|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023f|2022|
|Staff costs||||3,876,030|3,458,331|
|Rates and water||||17,752|30,210|
|Insurance||||50,936|60,806|
|Light and heat||||176,718|96,338|
|Telephone||||31,514|27,299|
|Postage and stationery||||3,035|3,639|
|Advertising||||29„511|46,178|
|Sundries||||83,050|61,799|
|Outings,
lunches,||sports etc.||256,208|118,417|
|Educational
books|||& materials|175„406|121,647|
|Travel expenses||&course fees||36,147|21,654|
|Sports &swimming|||expenses|10,934|10,140|
|Repairs and maintenance||||203,176|120,361|
|Household
cleaning
and refuse||||134,010|109,129|
|Subscriptions||||16„358|7,472|
|Computer
support|||costs|44,442|33,322|
|Bad debts||||(10,071)|8,777|
|Catering contract||||405,900|409,265|
|Donations
&collections||||2,865|923|
|Teachers social||||5,318|5,135|
|Nursery costs||||1,601|611|
|Other operating|leases|||131,385|102,362|
|||||5,682,225|4,853,815|
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|||Total|Total|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|Depreciation||175,869|127,404|
|Interest payable||28,484|31,195|
|Auditor's
remuneration||23„493|19,253|
|Legal and professional|fees|1,990|13,369|
|Bank charges||874|699|
|Stables expenditure|||2,361|
|||230,710|194,281|
##
||||2023|2022|
|---|---|---|---|---|
|Fees payable to the Charity's|auditor for the audit ofthe Charity's|annual|||
|accounts|||14,256|11,880|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||F||
|Wages and|salaries|||3,078,410|2,715,178|
|Social security costs||||302,185|270,579|
|Contribution|to defined|contribution|pension schemes|495,435|472,574|
|||||3,876,030|3,458,331|
|||2023|2022|
|---|---|---|---|
|||No.|No.|
|School|staff|100|92|
|2023|2022|
|---|---|
|No.|No.|
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|||||Long-term||||
|---|---|---|---|---|---|---|---|
||||Freehold|leasehold|Office|Computer||
||||property|property|equipment|equipment|Total|
||Cost or valuation|||||||
||At 1 September 2022||1,761,857|4,794„630|677,425|38,943|7,272,855|
||Additions||384„872|276,898|165,458|851|828,079|
||At 31 August|2023|2,146,729|5,071,528|842,883|39,794|8,100„934|
||Depreciation|||||||
||At 1 September 2022||91,630|2,202,370|400,446|23,018|2,717,464|
||Charge for the year||39,173|97,068|37,844|1„784|175,869|
||At 31 August|2023|130,803|2,299„438|438,290|24,802|2,893,333|
||Net book value|||||||
||At 31 August|2023|2,015,926|2,772,090|404„593|14,992|5,207,601|
||At 31August|2022|'/, 670,227|2,592,260|276,979|15,925|4,555,391|
|12.|Debtors|||||||
|||||||2023f|2022|
||Due within one year|||||||
||Trade debtors|||||17,786|62,778|
||Other debtors|||||2,759||
||Prepayments|and accrued income||||104,045|90,183|
|||||||124,590|152,961|
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||||2023
F|2022f|
|---|---|---|---|---|
|Bank loans|||31,810|30,972|
|Trade creditors|||368,724|387,822|
|Other taxation|and social security||76,571|67,229|
|Other creditors|||60,982|59,124|
|Accruals and deferred||income|668,575|627,610|
||||1„206,662|1,172,757|
##
|||2023|2022|
|---|---|---|---|
|Bank|loans|920,045|951,855|
|Other|creditors|38,671||
|||958,716|951,855|
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|||||||||||2023|2022f|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Financial|assets|||||||||||
|Financial|assets|measured|at|fair|value|through|income|and|expenditure|2,026,371|2,037,779|
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|Analysis|ofn|et assets between funds -current year|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2023|2023|
|Tangible|fixed|assets|5,207,602|5,207,602|
|Current|assets||2,150,961|2„150,961|
|Creditors|due|within one year|(1,245,333)|(1,245,333)|
|Creditors|due|in more than one year|(920,045)|(920,045)|
|Total|||5,193,185|5,193,185|
|Analysis|of n|et assets between
funds - prior year|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2022|2022|
|Tangible|fixed|assets|4555391|4,555,391|
|Current|assets||2,190,740|2,190,740|
|Creditors|due|within one year|(1,172,757)|(1,172,757)|
|Creditors|due|in more than one year|(951,855)|(951,855)|
|Total|||4,621,519|4,621,519|
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|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
||Net income for the year (as per Statement|||||of Financial|Activities)|571,666|677,188|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||175,869|127,404|
||Dividends,|interests|and rents from||investments|||(37,951)|(5,277)|
||Decrease/(increase)||in debtors|||||28,370|(70,150)|
||Increase|in creditors||||||71,737|271,566|
||Net cash|provided|by operating||activities|||809,691|1,000,731|
|20.|Analysis|ofcash and||cash equivalents||||||
|||||||||2023|2022|
|||||||||F||
||Cash
in hand|||||||2,026,371|2,037,779|
||Total cash and cash|||equivalents||||2,026,371|2,037,779|
|21.|Analysis|ofchanges||in net debt||||||
||||||||At 1|||
||||||||September||At 31|
||||||||2022|Cash flows|August 2023|
||Cash at bank and
in||hand||||2,037,779|(11,408)|2,026,371|
||Debt due|within
1 year|||||(30,972)|(838)|(31,810)|
||Debt due|after
1 year|||||(951,853)|31,808|(920,045)|
||||||||1,054,954|19,562|1,074,516|
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|cancellable|operating
leases as follows:|||
|---|---|---|---|
|||2023|2022|
|Not later than
1 year||28,397|28,450|
|Later than|1 year and not later than 5years|68,525|37,762|
|Later than|5years|135,603|143,220|
|||232„525|209,432|
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