## ## |rs|||||||||Mr C H J Clayden
(Chair) (resigned 02 February 2024)|Mr C H J Clayden
(Chair) (resigned 02 February 2024)|Mr C H J Clayden
(Chair) (resigned 02 February 2024)| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||Mr D A EWilliams
(Interim Chair)||| ||||||||||Mr
I5 Elliott (resigned 06 December||2022)| ||||||||||Mr D G Emkes||| ||||||||||Ms AJGodfrey||| ||||||||||Mr P A Kendag (Deputy Chair)||| ||||||||||Mr2Khawaja||| ||||||||||Mr C E Ligey||| ||||||||||Mrs 5 O'Sullivan||| ||||||||||Mr AJ Robson||| ||||||||||Mr I A Sheldon||| ||||||||||Mr J LStevens||| ||||||||||Mr IWTwaddle||| ||||||||||Mrs 5 Maughan
(appointed
05 December 2023)||| ||||||||||Mrs W Kent (appointed
20January 2024)||| |na|gement||Personnel||||||||| |||||||||Head|Mr EBalfour (appointed 1Jan 2023)||| ||Interim||Head||and|Deputy Head Pastoral|||IVlr RJ PStanley (Interim|Head 01July 2022to31December 2022|| ||||||||||and interim
Deputy Head|01January|2023to31August 2023)| ||||Senior Deputy||||Head (Academic)||Ms J Leighton||| |||||Bursar||BCompany Secretary|||Mrs G P Dippenaar||| ||||||Deputy||Head (Academic)||Ms L EO'Hare (resigned 31Aug 2023)||| ||Assistant||||Head (Junior|||Department)|Mrs EBalfour (appointed|01Apr 2023)|| |||||||Head|of|Upper School|Ms A M Warren
(resigned|31Aug 2023)|| ||||Assistant|||Head|(Middle School)||Mrs 5 Robinson
(resigned|29th February 2024)|| ||Assistant|||Head||(Digital Development)|||Mr
I Kay||| ||Director|||of|Marketing||and Admissions||Mrs P Hopkins (appointed|01July 2023)|| ||||Assistant
Head (Co-Curricular)||||||Mr 3McManus||| |Assistant||Head||(Marketing|||and Admissions)||Gill Emme rson (01Sept 2022-31Aug 2023)||| |N|umber||||||||311054||| ||Number||||||||947085||| |ed|Office|&Principal Address|||||||Edge Grove School||| ||||||||||Aldenham
Village||| ||||||||||Watford||| ||||||||||Hertfordshire||| ||||||||||WD25 BNL||| ## ## ||||Page| |---|---|---|---| |Governors'
Report (incorporating||the Strategic Report)|1-9| |Statement ofGovernors'|Responsibilities||10| |Auditor's
Report|||11-14| |Consolidated
Statement|of Financial Activities||15| |Consolidated
Balance Sheet|||16| |School Balance Sheet|||17| |Consolidated
Cash Flow|Statement||18| |Notes to the Financial Statements|||19-30| ## ## ## ## ## ## ## ## ## ## ## ## ## |Confidence|Unity|Creativity|Kindness| |---|---|---|---| |Passion|Responsibility|Integrity|Respect| |Determination|Risk-taking|Trust|Humility| |Diversity|Sportsmanship|Empathy|Tolerance| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |FORTHE YE|AR ENDED 31A|UGUST 2|023||||| |---|---|---|---|---|---|---|---| |||Notes|Unrestricted|Designated|Restricted|Total|Total| ||||Fundsf|Funds
6|Funds
6|2023
6|2022
5| |INCOMEFROM:|||||||| |Donations,
grants and legacies||6|15,178|1,397||16,575|48,349| |Other trading activities||7|120,790|||120,790|127,693| |Investments||8|47,371|||47,371|3,543| |Charitable
activities||9|6,943,996|||6,943,996|7,638,902| |Other income||10|20738|||20 738|18207| |Total income|||7,148,073|1,397||7,149,470|7,836,694| |EXPENDITURE|ON:||||||| |Raising funds|||166,864|||166,864|107,895| |Charitable
activities|||7,320,973|10,737|2,970|7434,680|7,301,167| |Total expenditure|||7,487,837|10.737|2,970|7,501,544|7,409,062| |Net income|||(339,764)|(9,340)|(2,970)|(352„074)|427,632| |Fund balances|brought forward|26|7,586,012|28,673|5.346|7,620,031|7,192,399| |Fund balances|carried forward|26|7,246,248|19,333|2,376|7,267,957|7,620,031| ## ## ## ||Notes|2023||2022|| |---|---|---|---|---|---| |FIXEDASSETS|||||| |Tangible Assets|14|10,117,504||10,363,358|| |Investments|15|172,531||194,325|| ||||10,290,035||10,557,683| |CURRENT ASSETS|||||| |Stock||37,828||38,555|| |Debtors|17|213,224||243,805|| |Cash at bank and in hand||647,058||1,002,848|| |||898,110||1,285,208|| |CURRENT UABILITIES|||||| |Creditors due within one year|18|3,252,596||(1,362,003)|| |NET CURRENT ASSETS|||2,354,486||(76,7951| |TOTAL ASSETSLESSCURRENT|LIABILITIES||7,935,549||10,480,888| |LONG TERM LIABIUTIES|||||| |Creditors due after one year|19||(668,343)||(2,861,365)| |NET ASSETS|||7,267,206||7,619,523| |REPRESENTED BY:|||||| |RESTRICTED FUNDS|||2,3T6||5,346| |UNRESTRICTED FUNDS|||||| |Generalfunds||7,245,497||7,595,504|| |Designated
funds||19,333||28,673|| ||||7,264,830||7,614,177| ||||7,267,206||7,619,523| ## |||||2023||2022|| |---|---|---|---|---|---|---|---| |||||5||5|5| |Cash flows from operating activities:|||||||| |Net income/expenditure
for the year
Adjustments
for:||||(352,074)||427,632|| |Depreciation
charges|||14|405,?84||441,237|| |Goodwill amortisation
Dividends,
interest and rents from investments
Finance charges||||21,464
(47,371)
166.864||21,464
(3,543)
107,895|| |(Increase)/decrease
in stocks
(Increase)/decrease
in debtors
Increase/(decrease)
in creditors|||17
18,19|727
30,581
70,512||(32,822)
57,991|| |Net cash provided
by operating
activities|||||296,487||558,138| |Cash flows from investing
activities:|||||||| |Dividends,
interest and rents from investments
Finance charges
Purchase oftangible fixed assets|||14|47,371
(166,864)||3,543
(107,895)|| |Net cash used in investing
activities|||||(279,336)||(546,304)| |Cash flows from financing
activities:|||||||| |New finance leases||||5,940||19,094|| |Capital element of hire purchase
snd finance leases
Repayments
ofborrowing||||(14,258)||(37,038)|| |Net cash provided
by financing
activities|||||(372,941)||(425,185)| |Change
in cash and cash equivalents|in the|year|||(355,790)||(414,351)| |Cash and cash equivalents
atthe beginning||ofthe|year||1,002,848||1,417,199| |Cash and cash equivalents
atthe end|ofthe year||||647,058||1,002,848| |Analysis ofcash and cash equivalents|||||||| |Cash at bank and
in hand
Total cash and cash equivalents|||||647,058
647,058||1,002,848
1,002,848| ## ## ## ## |Tangible fixed assets and depreciation|Tangible fixed assets and depreciation|Tangible fixed assets and depreciation|Tangible fixed assets and depreciation|Tangible fixed assets and depreciation|Tangible fixed assets and depreciation|Tangible fixed assets and depreciation|Tangible fixed assets and depreciation|| |---|---|---|---|---|---|---|---|---| |Tangible fixed assets other than freehold
land are stated at cast less depreciation.
Depreciation
is provided
rates calculated to write offthe cost less estimated
residual value ofeach asset over its expected useful life
follows:||||||||at
as| |Freehold
land is not depreciated||||||||| |Freehold
buikfings|||2% straight
line|||||| |Leasehold
buildings|||2% straight
line|||||| |Fixtures, fittings and equipment|||10%and 25%straight|line||||| |(including
ITequipment|at 25%straight
line)|||||||| |Motor vehicles|||25%straight
line|||||| |Leasehold
improvements|||5%straight
line|||||| |Minor items ofcapital expenditure||are written|offto the Statement of Financial Acbvities as incurred.|||||| |Goodwill||||||||| |Goodwill
arising on the
the governors tc be the|acquisition
period of|ofthe subsidiary
is being amortised
over its useful
life, which
the lease within the subsidiary
company which expires in August|||||is deemed
2031.|by| ## ## ## ## ## ## ## ## ## ## |6|INCOME FROM DONAT|IONS,
GRANTS AND L|IONS,
GRANTS AND L|EGACIES|||| |---|---|---|---|---|---|---|---| |||UNRESTRICTED||DESIGNATED|RESTRICTED|TOTAL|TOTAL| ||Donations||6
15178|5
1 397||2023
6
16575|2022
6
48349| ||||15,178|1,397||16,575|48,349| |7|INCOME FROM OTHER|TRADING|ACTIVITIES||||| |||UNRESTRICTED||DESIGNATED|RESTRICTED|TOTAL|TOTAL| |||||||2023|2022| |||||||6|5| ||Lettings income
Rental income||43,500
77290|||43,500
77290|45,500
82 193| ||||120,790|||120.790|127,593| |8|INCOME FROM INVESTMENTS||||||| |||UNRESTRICTED||DESIGNATED|RESTRICTED|TOTAL|TOTAL| |||||||2023|2022| ||Interest receivable||47,371
47371|||47,371
47371|3,543
3543| ## |9|INCOME FROM CHARITABLE ACTIVITIES||| |---|---|---|---| |||TOTAL|TOTAL| |||2023|2022| ||Gross school fees
less bursaries
and allowances
Net school fees
Add:|6
6,997,262
356,271
6,640,991|5
7,740,984
477,825
7,263,159| ||Registration
fees
Extras income
Learning
support income
Other ancillarY income|18,100
93,142
8,270
183vM3|20,505
154,399
5,706
195,133| |||6,943,996|7,638,902| |10|OTHER INCOME||| |||TOTAL|TOTAL| |||2023f|2022
6| ||Sundrv income|20,738|. 18,207| ## ## ## |OR|THE YEAR ENDED 31AUGUST|THE YEAR ENDED 31AUGUST|THE YEAR ENDED 31AUGUST|2023||||| |---|---|---|---|---|---|---|---|---| |11|ANALYSIS OF EXPENDITURE|||||||| |||||Staff|Cepreoiation|Other|Total|Total| |||||Costs
f|and amortisation
E|costs
8|2023
8|2022
6| ||Cost ofraising funds:|||||||| ||Financing costs|||||166,864|166,864|107,895| ||Total cost ofraising funds|||||166,864|166,864|107,895| ||Charitable
exPenditure:|||||||| ||Education|||||||| ||Teaching|||4,082,556|172,375|384,611|4,639,542|4,587,363| ||Welfare|||178,655||564,749|743,404|664,856| ||Premises|||254,349|233,409|600,595|'I,088,353|1,089,992| ||Support and governance|||499,899|21,464|342,018|863,381|958,956| ||Total charitable
expenditure|||5,015,459|427,248|1,891,973|7.334,680|7,301,167| ||Total exPenditure|||5,015,459|427,248|2058,837|?,501,544|7,409,062| ||Analysis ofsupport and governance costs:||||||2023
8|2022
8| ||Governance
costs:|||||||| ||Auditors'
remuneration|for audit services|||||11,300|12,960| ||Support staff wages relating
Total governance
costs||to governance||||11,300|11.806
24,766| ||Support costs:
Legal and professional fees
Support staff wages, national
Other support costs||relating to support
insurance
and pension||||24,642
499,899
32?,540|52,903
538,651
342,636| ||||||||863,381|958,956| ## ## |||2023|2022| |---|---|---|---| |||Number|Number| |Teaching||77|78| |Welfare||6|4| |Premises||7|8| |Administration||11|13| |||101|103| |The aggregate|payroll costs for the year were as follows:||| |||2023|2022| |||5|| |Wages and salaries
Social security costs||4,042,188
3!}9,719|3,897,640
364,615| |Pension costs||573,552|599,906| |||5,015,459|4,862,161| |2023|2022| |---|---| |Number|Number| |2023|2022| |---|---| |5|5| |119,841|118,716| |119.841|118,716| ## ## ## |2023|2022| |---|---| |6|6| |897vt43|830,465| ## ||||Unrestricted|Designated|Restricted|Restricted|Total| |---|---|---|---|---|---|---|---| ||||Funds|Funds|Funds||2022| ||||6|6|6||8| |INCOME FROM:|||||||| |Donations and legacies||||43,299|5,050||48,349| |Other trading
activities|||127,693||||127,693| |Investments|||3,543||||3,543| |Charitable
activities|||7,638,902||||7,638,902| |Other income|||18207||||18,207| |Total income|||7788345|43,299|5|050|7836,694| |EXPENDITURE ON:|||||||| |Raising funds|||107,895||||107,895| |Charitable
activities|||7267253|29,300|4|614|7301,167| |Total expenditure|||7,375,148|29,300|4,614||7,409,062| |Net incomei(expenditure)|||413,197|13,999||436|427,632| |Transfers
between|funds||||||| |Net movement
in|funds||413,197|13,999||436|427,632| |Fund balances brought||forward|7,172,815|14,674|4,910||7,192,399| |Fund balances canied||forward|7,586,012|28,673|5,346||7,620,031| ## |ORTHE YEAR ENDED 31AUGUST 20|23||||| |---|---|---|---|---|---| |14TANGIBLE FIXEDASSETS-GROUP|||||| ||Freehold|Short|Fixtures,|Motor|Total| ||Property|Leasehold|Fittings 8|vehicles|| |||Property
6|Equipment||| |Cost|||||| |At 1 September 2022
Additions
Disposals
At 31August 2023|828,826
75,779
904,605|11,168,988
11,214,913|1,980,110
32,199
10,616
2,001,693|92,047
5,940
97,987|14,069,971
159,843
10,616
14,219,198| |Depreciation|||||| |At 1 September 2022
Charge for year
Eliminated
on disposal
At31 August2023|91,882
13,961
105843|2,135,728
219,448
2,355 176|1,394,532
164,764
10616
1,548,680|82,819
7,611
90430|3,704,961
405,784
10616
4100,129| |Net BookValue|||||| |At31 August2023|798,762|8,859,737|453,013|7,557|10,119069| |At 1 September 2022|736,944|9,033.260|585,578|9,228|10,365,010| |TANGIBLE FIXEDASSETS -SCHOOL|||||| ||Freehold|Short|Fixtures,|Motor|Total| ||Property|Leasehold|Fittings &|vehicles|| |||Property|Equipment||| |Cost||6|6||| |At 1 September 2022
Additions
Disposals
At 31 August 2023|828,826
75,779
904605|11,183,538
45,925
11209463|1,980,110
32,199
10,616
2001693|92,047
5,940
97987|14,064,521
159,843
10,616
14213748| |Depreciation|||||| |At 1 September 2022
Charge for year
Eliminated
on disposal
At 31August 2023|91,882
13,961
105843|2,131,830
219,361
2351,291|1,394,532
164,764
10616
1,548,680|82,819
7,611
-
90430|3,701,163
405,697
10616
4,096,244| |Net Book Value|||||| |At 31August 2023|798762|8,858,172|453,013|7,557|10.117,504| |At 1 September 2022|736,944|9,031,608|585,578|9,228|10,363,358| |ASSETS ON FINANCE LEASES AND HIRE|PURCHASE -GROUP|AND SCHOOL|(included above)||| ||||||Fixtures,| ||||||Fittings 6| ||||||Equipment| |Cost|||||6| |At 1 September 2022
Additions
At 31 August 2023|||||41,137
5,940
47,077| |Depreciation|||||| |At 1 September 2022
Charge for year
At31 August2023|||||37,708
4,418
42,126| |Net Book Value|||||| |At 31 August 2023|||||4,951| |At 31 August 2022|||||3,429| ## ## ## |INVESTMENTS
IN SUBS|IDIARIES||||||| |---|---|---|---|---|---|---|---| ||||||||2023| |Cost|||||||| |At 1 September 2022 and|31August|2023|||||317.822| |Impairment|||||||| |At 1 September 2022|||||||123,497| |Impairment
in year|||||||21,794| |At 31August 2023|||||||145,291| |Net book value|||||||| |At31 August2023|||||||172,531| |At 1 September 2022|||||||194,325| |The school owns 10014ofthe share capital of|||the following|company:|||| |Edge Grove Nursery SchoolLimited,||company|number 03830269, registered||in England|and Wales|| |(purchased
19December|2016)||||||| ||||||||2023| |Summary
trading
results:|||||||| |Turnover|||||||63,500| |Administrative
expenses|||||||| |Net profit/(lass)|||||||| |Summary
balance sheet:|||||||| |Fixed assets|||||||1,565| |Current assets|||||||| |Creditors
falling due within one year
Net assets|||||||1,565| |Aggregate
share capital and reserves|||||||1,565| |Contribution
by parent company||||||2023|2022| |The parent
chadity contribution
to the
Income||results for the year is||as follows:||7,149,470|7,836,694| |Expenditure
Net income/(expenditure)|for the year|||||7,501,786
352,316|7,409,305
427,389| |GOODWILL ON CONSOLIDATION|||||||| |Cost|||||||5| |At 1 September 2022 and 31August||2023|||||314,891| |Amortisation|||||||| |At 1 September 2022
Amortisation
for year
At31 August2023|||||||121,710
21,464
143,174| |Net Book Value|||||||| |At 31August 2023|||||||171,717| |At 1 September 2022|||||||193181| ## ## ## ## |DGE GROVE SCHOOL TRUST LIMITED
IMITED BYGUARANTEE)
OTES TO THE FINANCIAL STATEMENTS
OR THE YEAR ENDED 31AUGUST 2023||||| |---|---|---|---|---| |17DEBTORS|Group||School|| ||2023|2022|2023|2022| |Fee debtors
Prepayments
and accrued income
Other debtors|6
88,125
90,620
34,479|6
106,250
123,367
14188|6
88,125
90,620
34479|6
106,250
123,367
14188| ||213,224|243805|213,224|243,505| |18CREDITORS: due within one year|Group||School|| ||2023
6|2022f|2023
5|2022| |Bank loans and overdrafts
Finance leases and hire purchase
Trade creditors
Accruals
Feesin Advance
Advance fee payment scheme
Deposits
Other creditors
Other taxes and social security|2,380,?44
3,656
36,906
30,426
413,249
258,411
22,000
4,042
102362|473,669
14,070
29,124
59,909
327,836
288,878
44,000
21,321
102306|2,380,744
3,656
36,908
30,426
413,249
258,411
22,000
4,842
102362|473,669
14,870
29,124
59,909
327,836
288,878
44,000
21,321
102396| ||3,252,596|1,362,003|3,252,506|1,362,003| |Fees in advance represent fees received forthe Autumn|term 2023.|||| |19 CREDITORS: due after one year|Group||School|| ||2023|2022|2023|2022| |Bank loans
Finance leases and hire purchase
Advance fee payment
scheme
Deposits|267,667
2,896
30,280
367500|2,539,365
322000|6
267,667
2,896
30,280
367500|5
2,539,365
322000| ||668,343|2,861,365|668,343|2,861.355| |0 ADVANCE FEE PAYMENT SCHEME||||| |Balance at 1 September 2022||||288,878| |New contmcts
Amounts
used to pay forfees||||299,304
(299,491)| |Balance at 31August 2023||||288,691| ## ## ## ## ## ## ## ## ## ##