2023-03-31-accounts - St George's School (Harpenden) Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Legal and Administrative	Details
Trustees' Report			2-5
Independent Examiners'	Report
Consolidated Statement	of Financial	Activities
Consolidated Balance Sheet
Charity Balance Sheet
Notes to the Accounts			10-20

							Total	Total
			Note	Unrestricted	Restricted		Funds	Funds
				Funds f	Funds		2023f	2022f
Income and	endowments		from:
Donations and legacies			2	7,407			7,407	3,923
Charitable activities			3	45,770			45,770	47,038
Other trading	activities		4	157,132			157,132	134,300
Investments			5	62,163		164	62,327	40,024
Other			6	19,684			19,684	15,198
Total				292,156		164	292,320	240,483
Expenditure	on:
Raising funds				104,617			104,617	100,673
Charitable activities				52,790			52,790	51,749
Other				7,189			7,189	6,041
Total				164,596			164,596	158,463
Net Income/(Expenditure)			before
gains/(losses)				127,560		164	127,724	82,020
Unrealised
Gains/(losses)	on
investments				(162,941)			(162,941)	151,979
Net Income/(Expenditure)				(35,381)		164	(35,217)	233,999
Transfers between		funds
Net Movement in Funds				(35,381)		164	(35,217)	233,999
Reconciliation	offunds:
Total funds brought
forward				8,964,120	8,558,968		17,523,088	17,289,089
Total funds carried
forward			16	8,928,739	8,559,132		17,487,871	17,523,088

			Notes	2023	2023	2022	2022
							6
Fixed Assets:
Tangible assets			12		14,071,963		14,071,963
Investments			13		2,708,521		2,871,462
	Total	fixed assets			16,780,484		16,943,425
Current Assets:
Debtors			14	22,071		37,899
Short term deposits				86,344		84,841
Cash at bank and	in hand			666,919		535,336
Total current assets				775,334		658,076
Liabilities:
Creditors: Amounts within one year	falling	due	15	~f!1.947		(78,4131
	Net current assets				707,387		579,663
Total net assets					17,487,871		17,523,088
The funds ofthe	charity:
Unrestricted funds
General			16		2,270,545		2,304,613
Revaluation Reserve			16		1,500,000		1,500,000
Designated funds			16		5,158,194		5,159,507
Restricted funds			16		8,559,132		8,558,968
		Total funds			17,487,871		17,523,088

				Notes	2023	2023	2022	2022
						6		6
Fixed Assets:
Tangible assets				12		14,071,963		14,071,963
Investments				13		2,708,521		2,871,462
Investments	in Subsidiaries			13		2		2
			Total fixed assets			16,780,486		16,943,427
Current Assets:
Debtors				14	10,981		8,340
Short term	deposits				86,344		84,841
Cash at bank and		in	hand		592,960		485,984
			Total current assets		690,285		579,165
Liabilities:
Creditors: Amounts			falling due
within one	year			15	(40,206)		(32,242)
			Nel Current Assets			650,079		546,923
Total net assets						17,430,565		17,490,350
The funds	ofthe	charity:
Unrestricted	funds
General				16		2,213,239		2,271,875
Revaluation Fund				16		1,500,000		1,500,000
Designated funds				16		5,158,194		5,159,507
Restricted	funds			16		8,559,132		8,558,968
			Total charily funds			17,430,565		17,490,350

Charity SOFA
			2023	2022
Income			167,929	106,183
Cost of raising	funds		(4,794)	(4,389)
Costs of charitable		activities	(52,790)	(46,269)
Other costs			(7,189)	(1,471)
Gains/(losses)	on	investments	(162,941)	151,979
Net Income/(Expenditure)			(59,785)	206,033
Net Movement	in	Funds	(59,785)	206,033

				2023	2023	2023
				Unrestricted	Restricted	Total
				Funds f	Funds F	Funds
Donations				7407		7407
				7,407		7407
				2022	2022	2022
				Unrestricted	Restricted	Total
				Funds F	Fundsf	Funds f
Donations				2 286	1 637	3 923
				2 286	1 637	392
Income from charitable		activities
					2023	2022
					Unrestricted	Unrestricted
					Funds f	Funds f
Property	rental income				45,770	470 8
					48.7 0	47 038
Income from other trading			activities
					2023	2022
					Unrestricted	Unrestricted
					Funds f	Fundsf
Subsidiary	lettings income				157,132	134,300
					157132	134.300

			2023	2023	2023	2022
			Restricted	Unrestricted	Total	Total
			Funds f	Fundsf	Fundsf	Fundsf
Interest received			164	9,861	10,025	200
Dividends	received			52,302	52,302	39899
			164	62 163	62,327	40,029
Other income
					2023	2022
					Unrestricted	Unrestricted
					Funds f	Funds f
Management		fees			15,504	15,198
Other Income					4,180
					19,684	15,198
Expenditure		on raising funds
					2023	2022
					Unrestricted	Unrestricted
					Funds f	Fundsf
Development		Office			4,792	4,389
Lettings and rentals					99,825	96,284
					104617	100673

11	Trading Subsidiary	Trading Subsidiary	(Continued)	(Continued)	(Continued)
	St George's School		(Harpenden) Lettings Limited							2023	2022
										E	E
	Turnover Cost ofsales Gross profit									91,673 157,132 ~65,4 9	79,577 134,300 ~54,723
	Administration expenses									(34,366)	(41,561)
	Operating profit									57,307	38,016
	Profit on ordinary	activities			before	taxation				57,307	38,016
	Retained profit brought			forward						32,741	4,373
	Profit on ordinary Distribution	activities			before	taxation				57,307 ~932.741	38,016 ~19.645
	Retained profit carried forward									57,307	32,741
12	Tangible Fixed Assets				Freehold
					Land and		Fixtures and		Computer
	Group Fixed Assets				Buildings f		Fittings f		Equipment f	Vehicles	Totalf
	Cost
	At 1 April 2022 and at 31
	March 2023				14,071,963			95,011	30,541	16,700	14,214,215
	Depreciation
	At 1 April 2022							95,011	30,541	16,700	142,252
	Charge for year
	At 31 March 2023							95,011	30,541	16,700	142,252
	Net Book Value
	At 31 March 2023				14071,963						14,071,963
	At 31 March 2022				14,071,963						14,071,963
	The buildings have been			insured		on a declared	value	of668m.
					Freehold
					Land and		Fixtures and		Computer
	Charity Fixed Assets				Buildings		Fittings		Equipment	Vehicles	Total
						E		E	E	E	f
	Cost
	At 1 April 2022 and at		31
	March 2023				14,071,963			81,376	30,541	16,700	14,200,580
	Depreciation
	At 1 April 2022							81,376	30,541	16,700	128,617
	Charge for year
	At 31 March 2023						81,376		30,541	16,700	128,617
	Net Book Value
	At 31 March 2023				14,071,963						14.071,963
	At 31 March 2022				14,071,963						14,071,963

Investments		At				At
		31st March		Total		31st March
Group		2022 6	Additions	gain/(loss) f	Disposal 5	2023 F
Investment Properties		1 500 000				1 500 000
Listed Investments	at Market Value
Designated Fund	-Special	Fund Investments
M8 G'A' Income Fund		3,151		1,313		1,838
		3,151		1,313		1,838
Unrestricted Funds-
Jarvis Legacy
COIF - Charities
Investment Fund Income		433,498		(16,404)		417,094
Units
Schroders —Charity Asset Fund	Multi	346,192		(26,720)		319,472
Mayfair —PITCH Fund		588,621		(118,504)		470,117
		1,368,311		(161,628)		1,206,683
Market Value of Listed
Investments		1,371,462		(162,941)		1,208,521
Cost of Listed		1,119,943				1,119,943
Investments
Total market value		2,871,462		(162,941)		2,708,521

Debtors		Consolidated	Consolidated	Charity
		2023	2022	2023	2022
Amounts falling due		6	6
within one year:
Trade debtors		10,086	26,819		450
Other debtors		1,061	349	1,061	349
Other taxes and social
security		1,127	3,190	123
Prepayments	and accrued
income		9,797	7,541	9,797	7,541
		22,071	37,899	10,981	8,340

15	Creditors	Creditors				Consolidated	Consolidated	Charity
						2023	2022	2023	2022
	Amounts	falling	due within one			E	E	E	E
	year:
	Trade creditors						1,105
	Accruals	and deferred		income		67,947	73,517	40,206	31,229
	Other taxes and social			secunty			1,013		1,013
	Other creditors						2,778
						67 04	78413	40206	32242
15.1	Deferred	Income				2023	2022	2023	2022
						E	E	E	F
	Amount	brought forward				64,787	32,395	22,499	22,250
	Transferred to income			in	year	(64,787)	(32,395)	(22,250)	(22,250)
	Amounts	deferred	during		the year	52,882	64,787	31,803	22,499
	Balance	carried forward				2	64 787	32 062	22,499


Funds				Net
				Incoming/		Gains/
			At	(Outgoing)		(Losses)		At
			31st March	Resources		on		31st March
Group			2022	for the	Year	Investments	Transfers	2023
			E			E	E	E
Unrestricted	Funds
General Fund			2,304,613	127,560		(161,628)		2,270,545
Designated Funds			3,151			(1,313)		1,838
Property Fund			5,156,356					5,156,356
Revaluation Reserve			1,500,000					1,500,000
			8,964,120	127,560		(162,941)		8,928,739
Restricted Funds
Grants/donations		for capital assets	8,497,552					8,497,552
Other donations			52,141					52,141
Maier Bequest	and Prize Fund		7,490		133			7,623
Library Fund			1 785		31			1,816
			8,558,968		164			8,559,132
Total Charity	Funds		17,523,088	127,724		(162,941)		17,487,871

					Net
					Incoming/	Gains/
				At	(Outgoing)	(Losses)		At
				31st March	Resources	on		31st March
Charity				2022 6	for the Year	Investments f.	Transfers f	2023 f
Unrestricted		Funds
General Fund				2,271,875	102,992	(161,628)		2,213,239
Designated	Funds			3,151		(1,313)		1,838
Property Fund				5,156,356				5,156,356
Revaluation	Reserve			1,500,000				1,500,000
				8,931,382	102,992	(162,941)		8,871,433
Restricted	Funds
Grants/donations assets			for capital	8,497,552				8,497,552
Other donations				52,141				52,141
Maier Bequest Fund		and Prize		7,490	133			7,623
Library Fund				1,785	31			1,816
				8,558,968	164			8,559,132
Total Charity		Funds		17,490,350	103,156	(162,941)		17,430,565

As at 31st March 2023 the group was committed	minimum lease	payments
	2023	2022
	E	E
Within one year	17,580	17,580
Between two and five years	7,326	24,906
In over five years
	24,906	42,486

1	Raising funds	2023 f	2022f
	Development Office expenses	4,792	4,389
	Lettings and rentals
	Equipment	22,631	22,838
	Cleaning	3,844
	Lettings staff	35,139	25,199
	Sundry expenses	58
	Food and consumables	3,787	6,686
	Repairs and maintenance	1,111	223
	Administrative staff	27,477	38,493
	Legal and professional	734	(587)
	Accountancy	4,600	2,700
	Bank charges	356	288
	Bad debt		350
	Printing and stationery	34	94
	Sundry expenses	54
		104,617	100,673
2	Charitable activities	2023f	2022f
	Donation to St George's Academy	52,790	45,997
	Premises repairs		5,752
		52,790	51,749
3	Other expenditure	2023f	2022f
	Audit and accountancy	5,025	3,920
	Office costs		489
	Other costs	1,303	1,121
	Legal and professional	861	511
		7,189	6,041
	Total	164,596	158,463