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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|
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|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|||
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||||||||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|
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|||||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||||||
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|||||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||
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||||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||
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||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||
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|||||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|
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|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.|
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|||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|
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|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|
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|15.|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|
##
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|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|
##
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|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|
##
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|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|
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|||||||||||||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|
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|||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|
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