2023-08-31-accounts - Lockers Park School Trust Limited

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			Page
Reference and Admlnistmttve		Oetails ofthe School, its Trustees arrd Advisers
Trustees' Report			2-9
Trustees' Responsibilities Statement			10
Independent Auditors'	Report	on the Financial Statements	11 ~ 14
Statement ofFinancial	Activities		15
Balance Sheet			16 - 17
Statement ofCash Flaws			18
Notes to the Financial	Statements		19-33

REFERENCE AND	REFERENCE AND	REFERENCE AND	ADMINISTRATIVE	DETAILS OF THE SCHOOL, ITSTRUSTEES AND ADVISERS	DETAILS OF THE SCHOOL, ITSTRUSTEES AND ADVISERS
			FOR THE	YEAR ENDED 31AUGUST 2023
Trustees			CLister, Chair
			DDolce (resigned		31 March 2023)
			CTolrnan (resigned 16June 2023) 0Abel Smith
			SBaldock
			JSnoxall
			KEddison
			SLancaster
			TLloyd-Baker
			A L Hutton-North		(appointed 16June 2023)
Company	registered
number			01090034
Charity registered
number			311061
Registered		office	Lcckers Park School
			Lockers Park Lane
			Hemel Hampstead
			Hert(ordshire
			HP1 1TL
Company	secretary		JStevens
Independent		auditors	Heelers
			Chartered Accountants
			Old Station Road
			Lcughton
			Essex
			IG104PL
Bankers			HSBC Bank Pic
			Welwyn Garden	City
			Herffordshire
			ALS6BH

							as rasfafed
				Resbtcted	Unrestricted	Total	Total
				funds	funds	funds	funds
			Note	2023 f	2023 f	2023 6	2022
Income from:
Donations and legacies Fees Receivable				10,000	50,180 3,438,465	60,180 3~,465	2,740 2,989,333
Interest Income					20,084	20,084	250
Other income					37,071	37,071	10,220
Total income				10,000	3,545,800	3.555.800	3,002,543
Expenditure on:
Charitable activi6es			6	29,216	3,325,503	3,354,718	3,082S97
Total expenditure				29,215	3,325,503	3,354,718	3,082,S97
Net movement	in funds			l)9215)	)!0291	201))82	)80354)
Reconciliation	offunds:
Total funds brought		forward		28,134	2,694,309	2,722,443	2,802,797
Net movement	in funds			(19,216)	220,297	201,082	(80,354)
Total funds carried		forward		8,919	2,914,606	2,923,525	2,722,443

				2023 E	2022f
Cash flows from operating	activities
Net cash used in operafing	ac8vilies			688,681	377,825
Cash Rows from investing	activities
Purchase oflangibls fixed ssssls				(261,340)	(284,717)
Finance costs					(2,422)
Interest Income				20,084	250
Net cash used in investing	activities			(241,258)	(266,889)
Change in cash and cash	equivalents	in	the year	447,425	110,838
Cash and cash equivalents	at the beginning		ofthe year	1,445,488	1,334,530
Cash and cash equivalents	at the end of		the year	1/82,894	1,445,459
The notes on pages 19to33form part ofthese financial statements

				As restated
		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		5	6
Fees	income	3,377,065	3,377,065	2.981,084
Rents	and letbngs	62400	61800	8,289
		3,438,465	3W8,465	2,989,333
Total	2022as mstated	2,989,333	2,989,333

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	6	6
Interest receivable	20,064	20,084
Total 2022	250	250

			As restated
	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	E	E
Remedial sources	11,010	11,010	10,220
Council funding	26,061	26,061
	37,071	37,071	10,220
Total 2022as mststed	1I0,220	10,220

	Restricted	Unrestricted		As mststed
	funds	funds	Total	Total
	2023	2023	2023	2022
	E	E	E
School	29,215	3,325,503	3,354,718	3,082,897
Total 2022asmstated		3,082,897	3,082,897

	Activities		As restated
	undertaken	Total	Tolel
	directly	funds	funds
	2023	2023	2022
		E
School	3,354,718	3,354,718	3,082,897
Total 2022as restated	3,082,897	3,082,897

				As nMtated
			Total	Total
		School	funds	funds
		2023 E	2023 E	2022f
Staff costs		2,298,304	2,298,304	2,010,009
Depreciation		178,552	178,552	2'le,971
Teaching resources		122,013	122,013	120,456
Governance costs		23,100	23,100	8,400
Staff training		20,199	20,199	21,529
Administrative	cosis	40,215	40,215	40,479
Premises expenses		332,689	332,689	341,365
Provisions		138,557	138,557	117,208
insurances		28,356	28,356	25004
Bank charges		1,833	1,883	2,422
Advertising and marketing		118,233	118,233	119,299
Motor and travelling		15,131	15,131	8,598
Kitchen costs		9,638	9,838	15,789
Legal and professional		23,467	23,467	29,026
School inspection costs				3,540
Entertainment	costs	4,381	4,381	2,602
		3,354,718	3454,718	3,082,897
Total 2022as	restated	3,082,e97	e,oe2,e97
Auditom' remuneration
			2023 E	2022f
Fees payable	toihe School's auditor	forthe audit ofthe School's annual
accounts			16,200	8,400
Fueu peyablu	tu the echoofs uuditoi	in rusperX of.
All nonwudit services nol included above			5,730	258

Staffcosts
				As nssteted
			2023	2022
				6
Wages and	salaries		1,936,812	1,692,564
Social security costs			165,844	147,710
Contribufion	to deaned conn(bulion	pension schemes	195,847	169,716
			2,298,303	2,0(0,0(0

		2023	2022
		No.	No.
Teaching		27	27
Teaching	assistants	7	6
Admin		6	7
Other		39	39
		79	79

	As	restated
2023		2022
No.		No.

		I/4 share of	Long-term		Furniture,
		freehold	leasehold	igotor	fixtures and
		property	property	vehicles	fittings	Total
		E	E	E	E	E
	Cost or valuation
	At 1 September 2022	100,000	4,502.748	50,647	1,073,176	5,726,8/0
	Additions		173,39$	4,MO	83,942	261,340
	Dispossls			(3,000)		(3,000)
	At 31Augusi 2023	100,0M	4,676,146	51,847	1,157,117	5,584,$10
	Depreciation
	At 1 September 2022		2,675,248	50,647	980,824	3,706,719
	Charge for the year		138,500		40,052	178,552
	On disposal s			(3,000)		(3,000)
	At 31August 2023		2,813,748	47,847	1,020,875	3,882,271
	Net book value
	At 31August 2023	100,000	1,862,398	4,000	135,24'I	2,102,639
	At 31August 2022	f00,000	t,827,500		92,351	2,019,851
12.	Stocks
					2023	2022
					E
	Stacks and consumabies					7,171

Debtors
		2023 5	2022 f
Due within one year
Trade debtors		593,576	718,339
Other debtors			550
Prepaymenis	and accrued income	43,584	7,313
		637,160	724,202

Creditors: Amounts falling dua within one year
	2023f	2022
Trade creditors	32,974	134,532
Other creditors	1,501,951	1,287,833
Other taxation and social security	46,400
Accruals and deferred income	127,843	51,785
	1,709,188	1,474,250

Statement offunds	Statement offunds
Statement offunds	- current	year
		Bshtnce at 1				Balance at
		September			Transfers	31August
		2022f	Income f	Expenditure f	In/out f	2023 f
Unrestricted funds
Designated funds
Designated Funds		192,022		(73,504)	50.040	168,558
General funds
Revenue Account		2,602,287	3,645,800	(3,251,999)	(50,040)	2,748,048
Total Unrestricted	funds	2,694,309	3,545,800	(3,325,503)		2,914,606
Restricted funds
Assisted Places		28,134		«ggf 5)		8,919
Sports Hall Development			10,000	«0JM)
		26,134	10,000	(29,215)		8,919
Total offunds			3,555,8M	(3,354,718)		2,923,525

Statement offunds	- prior y	ear
		Satence at				Science at
		1 September			Tienet'era	31August
		2021f	income f	Expenditure	rnroet f	2022 f
Unrestricted funds
Designated funds
Designated funds		364,500	2,740	(4,T48)	(170,470)	192,022
General funds
Revenue account		2,410,163	2,875,994	(2,954,340)	170,470	2,502,287
Total Unrestricted	funds	2,TT4,663	2,8T8,734	(2,959,088)		2,694,309
Restricted funds
Assisted places		28,134				28,134
Total offunds		2802 797	2875,734	(2,959,088)		2,722,443

Summary	offunds - cu	rrent year
		Balance at 1				Balance at
		Sepbxnber			Transfers	31August
		2022	Income	Expenditure	intout	2023
		6	6	6	E	5
Designated	funds	192,022		(73,504)	50,040	166,558
General funds		2,502,267	3,545,800	(3,251,999)	(50,040)	2,746,048
Restrirted	funds	28,134	10,000	(29,215)		8,919
		2,722,443	3,555,800	(3,354,718)		2,923,525

Summary	offunds ~ prt	or year
		Baiance at				Bstance at
		1 September			Transfers	31August
		2021	income	Errpenditore	in/out	2022
					E
Designated	funds	364,500	2,T40	(4,748)	(f70,470)	192,022
General funds		2,410,153	2,875994	(2,954,340)	170,470	2,502,287
Restricted	funds	28,134				28,134
		2,802,797	2,878,734	(2,959,088)		2,T22,443

Analysis ofnet assets between funds -curr	ent year
	Restricted	Unrestdcted	Total
	funds	funds	funds
	2023	2023	2023
	E	6	6
Tangible fixed assets		2,102,639	2,102,63$
Current assets	8,919	2,521,135	2,530,054
Creditors due within one year		(1,709, 'l68)	(1,T0$,16$)
Total	6,919	2,914,606	2,$23,525

Analysis ofnet assets between funds - prior	year
	Restncted	Unrestricted	Toter
	funds	funds	funds
	2022	2022	2022
		6
Tangible nxed assets		2,019,851	2,019,851
Current assets	28,134	2,148,708	2,176,842
Creditors due within cne year		(1,474,250)	(1,474,250)
	28,134	2,594,309	2,722,443

												2023	2022
												6
	Net income/expenditure					for	the	year	(as psr	Statement	of Financial
	Activities)											201,082	(80,354)
	Adjustments	for:
	Depreciation	charges										178,552	216,971
	Financing costs												2,422
	Interest income											(20,084)	(250)
	Decrease/(increase)			in	stacks							7,171	(548)
	Decrease/(increase)			in	debtors							87,042	(155,182)
	Increase in creditors											234)918	394,769
	Net cash provided		by operating					acgvltles				688,681	377,828
19,	Analysis of	cash and			cash equivalents
												2023 f	2022 8
	Cash in hand											1,892.894	1,445,469
	Total cash and cash			equhralents								1,892,894	1,445,469
20.	Analysis of	changes			in	net debt
											At 1		At 31
											September		August
											2022	Cash flows	2023
											6	8	6
	Cash at bank	and in	hend								'l,445,469	447,425	'l,892,894
											1~,469	447,425	1,892,894

		2023	2022
		6
Not later than 1year		60,000	72,218
Later than	1year and not later than 5years	240,000	288,870
Later than	5years	300,000	433,305
		600,000	794,393