Cholity r•gistrallon number 311075 Company reglstratlon number 00912022 (England and Wal•sl cHARLOE HOUSE SCHOOL LIMrrED ANNUAL REPORT AND FINANCIAL STATEMEpifs FOR THE YEAR ENDED 31 AUGUST 2022
cHARLOE HOUSE SCHOOL LIMED LEGAL AND ADMINISTRATIVE INFORMATION Trusts•s MrA Haffièld Mr P McGlone K E MoNern8y Mrs S Ramroop Mr S W L Rè8d8r Miss C Smethws Mrs C Smith Mrs S Slarr Mr R J Sluttaford Mrs M P Wilson (Awjointed 12 July 2022) {AFvolntgJ l March 20221 Secr•tary Mrs S Stsrr Chwlty numbor 311075 Company numbgr 00912022 R•gl$t•r•d offie• 88 The Diive Rlc4(manswth Herts WD3 4DU Audltor reer & Hoie LLP Trinity Court Church Strg&t Rid(man$worth WD3 1RT
CHARLOTYE HOUSE SCHOOL LIMITED CONTENTS Trustees. repcli Staement TrUSte9$, res(51b11A1es INIgP8ndent audiiorfs repc 8-10 Statement of finanal ac11ve¥ 11 Balance sheet 12 Statemerrt of ¢ash flows 13 Ncles to the finandal st&ements 14-Z2
CHARLorrE HOU8E SCHOOL LIMrrED TRUSTEE8' REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2022 The trustees present their report and finan(ya 8tstemerrts f(the yaar and 31 August 3)22. The financAal statement5 have been pfyp8rtd In accordance wfth the &CA)unting poliry8S Set out in note 1 to the fancIal statements and comKAy wtth thg Charivs Act 2011. tha Companies Ad 2006 and °AccountTng and Rep)rtiThJ by Charitiès.. Slatèm8nt of Rècommended Practice applicable to tharibes prepng their accrjunts In accordarhce wilh the Finanual Repotting Standard appllcable In the UK and Rgpublic of Iraland IFRS 102r las 8mended for a(thuntiNJ periods COMMCr from 1 Januwy 20191. Ggvgrniry docum•nt The Charlty Is govamod by tts Memorandum and Arlioa85 ofAssociaUon dated 31 July 1967. Gov•mlr#J body The member5 of the Charivs GovgmlThJ body aro Ilsted ab)ve wilh detsils of thangès durfng the year. We appointed new Governors - Caroline Smethers in March 2022. Simon Reader, in Juty 2022 and Nirukshan Srikanthapalan, in Novernb8r 2022 who latar resFgned In December2022. Joann&Askew rg$KJned inAugust 2022. Rwultm•nt and TralnSn9 of Govgrnors The ChwttYs ele(Aed G0vemS are appoinlgd at a m8oting ofthe existiTrJ Govemor5 on basis of nominations received frcrfn existing Govèmors and the Head to the 8oar(fs spec3fitn5 1x)nMI eliglbility, Fersonal com[188, 5CialiSt SlIS and I1 availablllty. New Govemors are indud8d into th• worklngs ¢* the Charity including 808rd Pdicy 8nd Procadures, by initial briefing by the Chairman. attending Governors, meeting3 and iry dlr8Cted to rdevant guidelines and courses. This is supplgmentgd by personal visits to the SchiK)I to talk to staff, pargnts. and pupils. New Govemors are encourdgèd to attènd Naw Gov8mor COL¥ses offerèd by AGBIS. Oryanlsatlonal Managomont Thg Govemors, as th9 trustees of the Charfty, are legally respon5ilAe for Ihe overdl manag$ment and control of th8 Sehool 8nd meet at least three times a year. In 8ddition to Ihls the are fwr Commiitees of the Bo¥rd which dgal 1th spedflc areas c( the School's opwation.. The Education C¢ynmMge.' Chair¢d by Dr McNemey, is responsible for examiniry trgnds in education. educalional policy and 8taff d8v8lopment and the promotion of Ihe school and its elh)s. The Bullding and Financa CcAmmitig8.' Chaired by the Treasurgr IA Hatheldl and assisted by the Bursar. is rgstxjnsibla for im ementIrj lacllilies and financial stTrlegy and the policiès of the Board, including the pTepw8lion of budgets, management accounts and forec85ts and ¢s 8lso responsie for the audit. The Health and Safety Committee.. Chaired by the Bursw IG Chanal oversees all health and saèty matters operational risk managemenL The Marteting CommMe8 - Chaired by S St8rr d•vdops markeliro stralegies, oversees tha creation of new adverbsing and wèbsFiè material gnd explores ideas for promolng the sch¢x)l. These cunmittees meet at least once each tern. C Smith is the governor resp)nsIb for Child Protection. shg reports to th8 Board on all matters pertaining to Safegu8r<ling. P Wllson Is Ihg Earfy yea & Sperial Education Neads Govèmor. The dayto day runniThJ ofthe School is delègatèd tothe Haad supported bythe Bursarandthe SèniorM8nagern Team underthe choiTman5hlp otthe Head. The Head attends all rneetlngs ofthg abov8 Commitieeswith the BuTrar itilning for H&S 8nd BlarNj and Flnanc& and they both attend full Goveming Board ma)g$.
CHARLOThE HOUSE SCHOOL LIMrrED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Rl$k M•nagèm•nt The Bo8r(I cl Govgmors Is responslble for the menement of th8 bu&n8ss risks fa&gd by th8 Sthod. A Ask Rogist¢r is malnlained and reviewed by the Board and this includès thè management of action5 in mrtigation of businèss risks i¢Jentnled. Healih and Safety Risks are idenlthed, Controlled arKJ managed by thè H88th and Safaty Commitlea which is chared by the Bursar with members drawn from across the staff of the School. A Govemor5' representative also sits on the Heallh and Saf•ty Gommittee. minuies, InSpeOn repc¥ts and otr r&levant Infornaiion are reviewed by the Board. The key conlrc48 bylh& CharEty Include: Fomi81 agendas and mlnutes for all Ccfflrnittee and Bo8r(18ctivtty Detai18d te$ of refeMce for all CornmitteÈs Comprehensve strategic planniry. b38t. k)ng temi anned malntenanL%. 8WKI mwaggment accounting Fomial wtitten Oicies Clear athorisation and appwvJ1gvg1$ Vethng Fff(te(hJres a5 required by law lor tha iyotection of the vulnera8 Through the risk man8gemgnt process•s established for the School, thé Gov8mors arè satisfied that the major risks identlfied have been adequately mttsgated where necess. It is recognlsed that the systwns (¥n only ovide reasgnabla bui not absolute assurance that major risks hav8 b8én adaquately managèd. Obl•ctlv•s and actl¥ltle6 Charftsbl• ObJ•cts The 0e¢t of the Charity In 8ccor(lanca Mth its memorand ofAssoclatlon 1$ to pwvide education through I operation of a Preparatory Sthool. Charfotte House SctThl is a fee-P8ying School for girls aged three to eleven. In furlherdnce of this otlect. the Governors a5 the charily trusteès have comp118d with the duly under S.4 of Iha Charities Ad 2006 tr) have due ragard to the Chwity Commi55ion's publishèd general and relevant sUttor guidance ¢Lmceming the operation of the Publc Ben&frt roquiremènt under thaiAcL Aims #nd kntènded Impact Thg yearended 31Stu$l 2022 has seen contlnued Kmgress in accordancewth the Sthool's ethosand strateglc aims. Chartotte House has a slrorwJ academic trad0 based on the philosophy of education developed by Chgrtotte Mason, thè fourKlér of thè Parents, National Educalion Union, who bdieved that parents and Ihe hikn8 were at the heart of developing chlldren spiritualy, physically and mentally and that chlldren should be $tted as indmduals and nurtur8d to develop their unique talènts. Thè Govomots and stafl are committed io malntainlng this tr8db"on. It is the FKJIW of Charlotte Hwso sch)1 that pupils, IncludlThJ those in the EYFS, recdv8 8 broad and balanced fulktime Superv1 curriculum, which dglivers an edueatson suiled lo all pupils across thefull agè and ability rdnge. All pupils have thè opportunlty to16am and make Progress and are prepared forthe opportunities, responslbi1è¥ and experiences ol lrfe in Brttish society. The curriculurr is designwl loengendera ktyve and excAtemenl of learning. Whilst with us. wè Soe all puplls fulfil their individu818cadèmi¢ and ¢r$aiive abilities. explore thgir talents to thèful, and 8ppr8eiatè thrrwh stu0¥. the weakh of human a¢hi$vomenL Progresson Is at the core cl lh9 curricyjum. Wtthln a fvamework based on Chrlst18n values wg pmwde a stimulating en*ironrn8nt In whieh children are happy. successful and keen lo leam, Ihus helping tham to grow Into young people who are fuffilled, raspedful and ajle to moke a positive contribulknn to Socty. The school is CAJmmMed to equal oppnttles for all, thil(tren and 5fi allke and wovides o wide programme of sportirvJ. drnatic. artistic and 9Xtra.rr1eUJar activities.
CHARLOTTE HOUSE SCHOOL LIMrrED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) {CONTINUED FOR THE YEAR ENDED 31 AUGUST 2022 Publlc B•nefft The tolal number of wplls 8t the schcd by the end of the y68r w8$ 116 of flv8 ld partkal burs95. The Governors. tx)licy 1$. wthin the reasonable means of the School, to maintsin our bursary provision to help Psn9 P8rents in timè of hardshlp ond to give children, vtho would othe1$8 be unable to, the OPForiunity to b8 educat8d priv8ts1y. The school has Sought partnershlps with IOCAI state s¢)$ kndudiThJ offerSng free [aCeS ffi our traSning days to thgir staff and hopes to develop thèsè further. Fund Ralsing The School is th8 princip81 beneficiary of the Parent TeacherAs8oriation, 8 separate charfty caHed Ihe Ch8wlott• House Prep School PTA Ireglstered number 11065041. through vthich fundraSslThJ for comrnunity proj8ds, bLFilding 8cts and sd)001 OqLFipmènt is conducted. Tho Parent TeacherAssociation continuès to support tho School enthus¢asttcally as ev8r and rdn everts such as a disco. summer fwr and wmedy evening. They have math variovs contribubons iUdij paw'ng for a skaleboarding experience day forthègids and improving the audio equiprnéntin ujr sch(xA hall including Ih$frtting of hgIng mxothones. Strat•gic r•port The follow sethon5 fix achi8v8m•rts and perfcffnance and financial reviw fom Ihg strategic reFrt)rt ol the chaiity. Achle¥ements 4nd perform•nc• Operatlonal PerfOrMCe This year ayain saw ths conllnUan of the high stsrKlards set in prèwous years In all aspects of the Sthool's adivkie5. The girts benefft from Sp11[$t teaehèrs across the curriculum and we endeavour lo providè them wilh 8 wè3Fth of èxporionces and OpptunIties. We erksur8d that planning was accurate and appropriate for the needs the children. showing clear progression aThJ CnSIstency. girfs tske home al their tA)oks ore every hall iem) to promote our hornpJ5¢hod partn8tship. As a Certified dyslexia friendly $¢hool and a recognlsed lights re5peding school w8 continue to ensure that thè school is a very happy énvironmentwhere all girfs can fiourish. find their voi¢e and gchie thelr goals. Throughoui tha school year diagnostic. summativé Ènd fomith.ve 8&8essmenis are used to ensure each chlld is perfomiiTrJ lo the best of their ability gnd is 8t190st reaching age expected levels. Assessmen15 Used range from Monitor1lmarkiry of sthool wcKk to ASPECTS. INCAS and PIPS. This was a year of outstanding acad8mi¢ perforniance with our ass85sments showing an excellent level of tryress for all classes tracklrvJ glds throughout their lime with us show5 Gon5id8rable 'value-added'_ In KS? 100% of girts wara worn9 at nat)nJ 8rage higher with the makjrfty aChIng considerably higher than natlonal average. Girts were very susSf¢A In tr¥nsferwing to the secondary schools Iheir choice. Th8y accaptl 8¢e$ at bclh stste 8nd private schools and were ofted four academic 8chtAorships. This is, as always, a vital and important wocess and we devote much care and attenlion to supporting tth thè girls 8nd thar parènts, and in devdopiThJ and maintaining siron9 links all secondary schods in thè area. Charlotte Housè girfs benefit from the saw-assurance and adniC 8tt2inment dweloped dwing their lime at the School 4thich 8naL4ès thwn to transfer to one of their ¢hosen Second schools wilh ease, beiro sufficiently mature to daal with the charog5.
CHARLOTTE HOUSE SCHOOL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2022 Atable showing 11 + reJls. heftwtham Lathes Danes La orelo al Masoric usl¥)e's t C3enrt Oarns" Helen's he Reath Free Sdbjol. OTAL Ydldor Communlty Activitie• The School continues lo bè an Active member of the local MmU11 in provlding educatlon for girfs of all abilities. Tha Goverr¢ors hav& g1$0 approved a pollcy ol taking on NQTs %then appropri¥ts and providing WOTk exp&riènce fu pulS froffl 8t8le 8¥¢ond8ry schools or student teachers. The Sthotsl atvely encourages pupils to engage in r8i8ing fun(ts for ¢horlties based both In the UK and overseas. lostering In them an awareness of reaWOrld is5U95 and a de$irg to contrfbute to the ¥wder ¢ommunty. The school supported thè PoppyAppeal, National Deaf So¢lety, Marie Curie, Comic Relief and DEC Ukraine Appeal. In September NicolleAndrewsjoinad us as an Assistanl Cook and Julianna Mllerjolned 8s ouryear 1 Teather. We also employed NaomiWoLYJ 08 a Year 3 Teacher to cover malemity leave and employod Jaimsye BaeY as 8 Gap Year Student. In August our Afterschool Supervlsor, knlly Purdy and our Year 1 Teacher, Jullann8 Miller, le Ajso. in August, NanI Wood corryleted her m¥lrnity cover and Jaimsye Bailey our Gap Sludenl completed her gap year.
CHARLOThE HOUSE SCHOOL LIMThED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Extr&currlcular Actlvlil•s The follwng UCational tiips look P.. Nursery & Reception visited Odds Farm and Rickmansworth library. Fcthi l & 11 went to Windsor Casué and Whipsnade Zoo, Fomi111 went to Hazard Wley, celt Hamony and a team tlIlfi9 day.. Fomi IV went to Aazard Alley & Cadbury World,. Foryn V went to Phastrls W¢od Cadbury Worfd.. Form Vl wentto PhalS Wood, Wamer Bros Stsjthos and Sky Studios. Physical education and sport a key components of the xhool wth all girls belng actNely inVoe In vartous sportSng actlvitles. ¥th the gir15 tsklng partln netball matches, swimming 9alas, cricketmatches. 8theS meetings and cross country. Due to thg P8nd¢mi¢ our Carol S8Nc• was canc411gd. Tho follrywing prcl10ns toc4t placè.. Earfy Years did their nativity'Away in 8 Mangerf.. Foms111 & IV'Cinderella'; Fomis l & Il'stella the Ststhsh,: Fixm V & Vl'Twdfth NvJht'. There was also a Prop School Music Concert Fomi V & Vl went on a residenti81 trip to Suffok and Fomi IV had a team buildinglbushcraft day and sl8apovor in t8nts. The 5chry)I wntinugs to èxpand the glrfs, horizons wth a rarvJe of lunchtime and after school clubs, includiTrJ Tatr Kwon Oo, Speech & Orama, Baiet, Dance, PlayBall, M.'teth 8nd GyTnna5tics. Staff also ran exira.cwri¢ular club$ Malh$. stgn language, yoga, netball, gardening, roundÈrs, knitti and sewlng, Draw wth Rob, PLttzle games. Cosmic Kids, Chber ChtThr. Sp8&Y St8¢klng. Purple Mash & muftl-sports. Flnanclal revl¢w Thafinanoal perfomianceforthe pericKlwasgoodvrith a surplus c1£42,02112021: £76,227). InCe has kmproved from tuition fees and cash balance has improv8d at yèar eThJ. DeprecilOn on fixod 8ssets was £65.56212021'. £62,494). The mn CYb5t to the School rgrn8inad salaries which irKreased overall by 2.8% Compar wlth 2021. The Scho)I's overal irKrea5e in fee inwme was 1.5% comparèd with 2021. At 31 August 2022. bank twovAngs were £nil12021.' £nill. RerYt5 Poll¢y Thè finanees, budgets and spend against budget are re9tJlarfy revSewed by the Bullding and Finan Committee th8 Govemors as part of the eff1v& 8n$ment of the School. Close attention is paid to cash flow ManageMt and Ihe relationship belween Cash generation. the School's inc4)me and future capital expeTrJiture plans_ In the ywar ended 31st August 2022 thg surplus before depwiation was £107,583 12021". £138,721). apprOrnating to 7% ofthè School's Income. Freehdd property is Induded in the finanrial statem8nts at a dapreciated cost of £1,219.311 (2021.. £1.251,4271 which is Conside to be materially less Ihan markol or replxernent value. The reserves policy isto maintain total serves, ¢a$h awail8biir¢y and cash generathon at levels enaNe the School to plan for luture capital exnditure, whilst effecfN•ty managin9 the School's educational and charitabb acllvllles. year•eThJ reserves ofthe School were £222,08212021." £147,744}.
CHARLOThE HOUSE SCHOOL LIMtrED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Plans lorluture p•rlod* A prh9n$Sv? Schoc4 Developm1 Plan has bft created by the Senior Managemwt Team our fod ffx next year incluth.. To corbtinue to ertourage deeperawareness of& 1meMerrt ways lo support & strengthen staff and rM)Ils' POBitive m8nt81 health and w$1-Ing. To giv$ 811 girfs more opportunities acros8lhè mIx11yrn sothey can discverneW strengths and Interests. To continLW to encourwJe excellence thrttughout tha curricLrfum and a¢Tc65 all year groups. TheTnJstees commissioned a qualitatlva research survey of pargrts. The59 vwts. gathered frryn XS parent inieNMYs. can inform th8 stratY forthe next perÉod and Yon0. Audlior ofthe p¢rsons who is a trustae at the date of 4)woval of this report confirms that.. so far a$ they are aware. Ihgre 1$ no rèl8vant audit infonnation of whKh tha charty's auditor 1$ unaw8re', and th8y have tsken all $tep$ that they ought to have taken as a Iwsteè to make themsefves awarg of any relevant audit infomolion and to estsbllsh thal the chari1$ auditoT is aware of that irlomiatlon. The auditorls to have been re-appL¥nled in 1rdance ¥th sedon 487 of the Compani•skt 2CK)6. The ch8rOtys audiior, Mercera Hole. Incorpor81ed on 1 October 2022 to icl0 Mw¢ar & Hole LLP. The trustees havg con50nted to treating the incorwjration of Mercer & HO LLP as a continuation cl the exrsting 8ud5t arrarvJement and in 8c¢ordancè wbth the charitys articles, a resolLrtion prOp0rj that Mercer & Holè LLP be apFM)Inted as auditor of the charity will be put at a Gener81 K4eg1inB. The Trustees, repcrt I1(jing tha strategic reporL was approvèd by the Boanl of Tnjstees Mr¥ S Stsrr Mrs C Smlth D8ted.. 1:.3.:.2g
CHARLorrE HOUSE SCHOOL LIMITED sTATEMETr OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2022 trusteas, who a also dwectors for the purtM)8es of compony law, are responsible f(Y prepgrfng Ihe trsJBtees' report and the financial staternents in cord8nce with applicable law and Kingdom AccountiThJ Standards (Unitod Kingdom GenerallyAwted Accounting Practice). Company law requires th8 charity trust to prepare financial statémÉnts for each year %thich gwe a Inje 8nd falr view of the State of affairs of the charftable company and the incoming r8soLwces ond appJicatiM of r8sourcg$. includiro th& Inme and gypeTh4thr8, forthat perfod. In prgp8rfTrJ these financial statemerts, the tnjstees 8rg rgquired to.. Sdect Sble acwunting poli¢le$ and Ihan appty them con8istsnUy- ObseN& the methods and principles In the appIlble Chorffjes SORP 2019 IFRS 1021,. Makejudgments and accounting e&tirnates that are reasonable and prudent., Stale whether applicable UK AtountlNJ St8ndards have been follNed. subject to any materfal departures discloBed and explained in the finonoal statements.. Prepare the fin8ftcio1 statements on tho going concem bass unl85s li is inapprowiate to presum8 thèt the charity wi11 contiiué in business. Tha trustaas are responsible for keepiro adequate a¢¢ountir¥J records that are SulficnI lo show And explaln the eh81ity's trtIOnS and disdoseYAth reasonable8¢¢uracy ai any tlmethe financial posthon ofth8 char*y and enable Ih&m to ensur9 that the finanaal siatement5 comF4y vAth the Companies Act 2006. They are also reSPCs1b1e for saf&Juarding Ihe assets oflhe charity 8nd hènee fortaking reasonable steps forth& prèvgntion and deiection offr8L4d and oiher irregularilies.
CHARLorrE HOUSE SCHOOL LIMED INDEPENDENT AUDOR's REPORT TO THE TRUSTEES OF CHARLOTTE HOUSE SCHOOL LIMITED Oplnlon We have audited thè finarthl statements Chartotte House School rnited {th8 'charity'} for the year ended 31 Augu812022 which ¢)lse the statemenl of finanixal actiVe$. the bdancg shèèt. Iho ststement of cash flows and notès io thè fin8ndal stataments, induding signifKant accounting polldes. Thefinanaal reportiro framework that h8S been appllèd in thair pparatiOn is appllcable law and Unf(gd Kingdom A¢v)untiw Stsndards, irKluding Fnancial ReKx)rtiwYJ Standard 102 The Fin8nci81 Reporting St8nd¥O applKable in thg UK and R8publi¢ of tr618nd Iunited KSngdom GenerdlyAccepted Accounting Prddicel. In ouropinion. the financi st8tements: glvè a true fairview ollhe slate ofthe ch8ri18b19 cOmny,S affalrs 8s at 31 August 2022 and of ts inmIJ resources and application of re59urces, for th¥ year then eThJed,' hav& been property prepared In accordance with United Kingdom G¢n•roltyA¢capted Accounting Praclice., and have been prepa in rdS& wilh the rIrements ofthe Companies Act 2006. Basls for oplnlon Wg conduded our audli In aco)rdance with Internalw)nal Stsndards on Auditlng IUKI IISAS {UKII and ap[table law. Our responsilItieS under those standards are further described In the Audit$ r8sponwtsht18$ for thg audh of thg flnBnclal statgmgnts section of our report. We are independent of the charity in acLordanBe wtth ethlcal requir&nenis that are relevanttoouraudit 0ftheffinQal stotements in the UK, including th? FRC'S Ethical Standard, and we have fUilled our other Èthical responsibilitias in aciordance wilh these requirgments. We bellev8 that the audit evidence we havè oblain&d is sufficlent and apprwiate to WOVKle a basis ftsrour oplNon. Conclu•lon¥ rotIng to golng conc•rn In audrtir¥J the financial staternents. wehave conduded IhattheTrustg8s' ofthegoing conc8m basis da(tjnt1rQ in the PTeparabon of the finan¢ial at¢ments is appropriate. Based on thè work we have performed. we have rot iderhtffi8d any matsrf81 uncertalnties relatiro to events or ondition5 that, iwKJividually or collectlvety, may c85t signrficant (bubt on thè charity's ability to conbnue as a ooi eoncom for a pgri¢)d of al least 1ve months from Yh)en the financial ststements are aut138 for iSSL. Our responslbilltles and the responsibilitiès of the trusiaes with respert to going concern 8r• described in the relevant Sectio of this Tepcfft. Oth•r Information Th& 0th8r information cK•mpris8S thè infornation Induded in the annual report otherthan the flnanckqt statements and our audllorfs reporitherwn. The truslg88 are rsspon&ble forthe other infomiation contained lIn the ann[1 report. Our ornk)n on the fin8ncial statam8nts doas Th)t cover the other ithmiation and we do not eXpsS any fom of assurance nClUSion thereon. Our responsibility Is to re the other Inforrnalion and. in dthng so. consider whether Ihe other information 15 materially inconsisient wilh the fi'nanrial st8temÉnts i)r our knowledge obiained in thè couwse of th8 audit, or otheN41se appears to be materially mis5tsted. If wg identify such material Inconsistene5 or apparènt material misstatements. we are required todeterming whgthgrthi5 giv&s riso toa material misstatement in th8 financial statemènts themselves. If. based on the work we have perfom)ed, we conclude that there 15 8 materfal misstatement of thls cther Inlorn)alion, wg arg required to report thaifo¢t. We have Th)thing lo rgport In this regard. M•ttors ¢n whlch we are requlred to report by •xc•ption We have nothing lo report in respect ofthef0llng matters in relaticm tovhich thg Charltias (Accounts and Reports) Regulalions 2CA)8 r9quirs us to r6port lo you , Sn ow opinion.. the informaUon gwn in tIrIan¢81 statwnonts Is I$t•nt In any material resFeCtwithth8 Trusiaes. rert.. ufftienl ¥countlng records have not bèen kèpt,. or the finanGial stalwnents are not in agreemenl with1hè lUnts"n9 r8cords.' or ws have not received all the inf¢Jmatson 8nd expi8nation5 wè rsqullefor our audit.
CHARLOThE HOUSE SCHOOL LIMITED INDEPENDENT AUDrroR'S REPORT (CONTINUED) TO THE TRUSTEES OF CHARLOTTE HOUSE SCHOOL LIMITED Responsibiliti9$ of trust••8 As explained more fully in the stalwn$nt of Trust¢¢s' responslbllities. the tN$te&s. who 8r8 also the directors of ihe thority for the purpose ¢ompgny1gw, are responsibl8 for the preparation of th8 financAal s(atement5 and for Ing satsrd thal they giv8 a truè and falr vlew, and for such inlemal Gtsntrol as the trustees determine is DsSary to enable the prep8ration offi.nanal statèments that arefree fr(xn m8terf81 misslatgment, vthether due to frwjd or sir. In txepariro Ihg finandal statements, ihe iru51ees are responsible for assessing the charily's ability to continue as a going ¢0m, disclosing, as applKable, matters related to going Conc and usirrfJ th& golng con¢em basis of a¢counllThJ unless the truslees eItr intend to liquidatè tha charitable company or to cèase OFerations, OT have no allslk altemative but to do so. Audltorfs responsibilities lor thé audlt of the flnanclal statem•nts Wè have been appointed as auditor under 5ectKTrn 144 ofthe CharitiesAct 2011 aThY report in $cdanCE wlth the Act and rdevant regulations made or having effect thgreundgr. Our objectNes are to obtain w$on8ble assurance about whetherlhe fnanci81 st8tamants as a whole are free from mat•ial mls5taiENnenL wheth8r dug to fraud or error, and to ISSU8 an 8udiiols r8Fth thal includes r opinlc). Reasonabk assurance is a high level ol assurance bui is not 8 guar8ntee that an audit cy)nducted in accordance Yth ISAS (UK) will always detect a malerial misstatement when tt gxi$ts. Misstatements can arise from fraud or error and arè consid&r8d material rf. individually or in thè 8gGregate. they COU rea50nabty b& expected to Infiuence Ihe ecotN)mlc declsions of users ta(en on the basi5 01 th0sg finanoal statements. Explanalon as towhat exterrt th• audit w•$ ¢onsidèr•d capable of detectlnq Irrogularltl•8. includlng fraud We gained an undèrstèndSng of the legal and regulatory framework applicable to the company arKJ the industry In which tt 0[81$s and consldered the rfskdacts bythe companythatworo contraryto applicablÈ18wsat)d regulations. inclu(5ing fraud. Th8s& iTKluded, but wer8 not limi18d to. the CompleS Act 2006. Charities Act 2011 and tax legislaticffi. We evaluated Managem$ incenlves and opportunlues forfraudulenl rnanipulon ol financial ststefflents and the tInarla1 report lincluding tho risk of ovenlde of conlro151. and dètèm)In8d that the prinapal risks were related lo postiThJ in8ppmpriate entries irxludingjoumals to overstate incixne or uThJerstate expendlture and managsment bias in accountirlg gstimales. Audh proc£dures perfovmed by the engag¥montt¢am includ. dBcussionswith manaMent, Including nseratIonS of knimn or $u$pectod Instances ofnon- complianc• wlh laws and cggulations and fraud., 985ning an understanding of managwnenf$ controls deswJned to prevent and tstect irregyl8rities: and • idèn11rQ and testlng loumal errtries. Owlry lothe inherent limitabons of an audit, the is an unavoidablo riskthatwe may not havedelected 30m8 matarfal misstatgments in the financlal statements, even though we hav¥ property plann&J and perf0rrrd our audit in accordance with auditing siandards. For example. thè furthar removed nOrcOrnlance with laws and wulations lirregularftiesl is from the events and trarLsactlons refiacled In the finanLxal statemen15. the lass Ilkety the inherently limited pmcedures required by audng 51andatds would identlfy it. In 8dditson, as with any dit, Éhere remained a higher risk of non-dglection of irregularib"es. as these may involve ¢dIusi, forgery, Intentional omisgons, misrepresentations, or the ov9rrid¢ of internal controls. We are not respowblg lor prèventing nonv compli8ncé and cannot be expeded to datÈct non-ccmpliance wilh all ¥3 regulaiions. A ftjrther dgscription of our responsibililies is 8vailablè on the FinancAal Reporbng Coun¢il'$ website at.. Mtps.'/l WM.fr&org.ukJaudrtorsTesponsibil¢Ie5. This desLption fomis part of our auditorfs report.
cHARLOE HOUSE SCHOOL LIMITED INDEPENDENT AUDrroR'S REPORT (COPIVED TO THE TRUSTEES OF CHARLOTTE HOUSE SCHOOL LIMITED Us• of our r•port This report is madè soldy to thè charrtvs trustees, as a tmxly, in a¢cord8rK& wllh part 4 of the Charities (AOUnt8 and R8rK)rts) Regulatlons 2[8. Our altdit work has been undertakgn So th* we mKJht stsle to the charity's truste98 those matters wè arè raquired to state to them in an auditorfs r8port 8ThY no other purpx)se. To the fvllest extent pem)ltted by law, we do not accept or assume responsibilityto anyc& ciherthan the charfty and the charitlBtrust¥gs as a body, for ow authl work, for this report. orforthe opinions we have fc¥med. Jolene Upshall FCA (Sonlor Statutory Audltorl for and on behalt ot Mercer & Hole LLP 10103/2023 Chartèr•d Aecountantg ststutory Audltor Trinity Court Church Street Rlckmansw¢)rth W03 1RT Mucar & LLP is eligible for appJirrtrnent as auditLY of the chwity by virtue of its digibility for 8ppointment as authtorof a company un(kr secllon 1212 of t1 cMpanY¥SACt 2006. 10-
CHARLOTTE HOUSE SCHOOL LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022 UTrtrIct•d R•strlctsd funds funds 2022 2022 Total 2022 2021 Not•8 Intom• from: Grants, donthns arKt lega¢i$s Charitable tltIeS 5,458 1,481,77S 5,458 1,481.775 11,928 1.442,444 Totsl In¢om• 1.487,233 1,487.233 1,454,372 nditur• on: Ch8ntable iwti85 1.443,918 1,294 1,445.212 1,378.145 Totsl •xp•ndithr• 1,443,918 1,294 1,445,212 1,378.145 N•t Incomellexpendlture} for thè #r1 Net movement in fund• 43,315 11.294} 42,021 76.227 Fund balances at 1 September 221 1,711,673 9.545 1.721.218 1,644.991 Fund balances at 31 August 2022 1.754.988 8,251 1.763.239 1,721,218 The &atement of finana81 &liwtiès includes all gains and losses Tecc•Jnised in th& 58r. All irwme arky expenditurè darive from conunuiro acliviiies. The 5tatementoffin8ndal 8Ctivibos also complies with the requirèm$ foran Ino)me and 8xpenditure antun(jor the Compan*$ A¢t 2006.
CHARLorrE HOUSE SCHOOL LIMrrED BALANCE SHEET ASAT 31 AUGUST 2022 2022 2021 Notes Flx•d a88•ts T8rwiblè assds 1,541.157 1,573,474 Current assets Debtors Cash at bank and in hand 23,277 486.018 14.448 41S.010 509,295 429.458 Crndltors: amounts falllng du• wllhln one year 1287.213) {281.7141 Net current assels 222.082 147.744 Totsl assets lèss current Il•bllltlt8 1,763,239 1,721,218 Incom• funds Restrided fuThls Unrestiicled ftJn¢Ys 11 8,251 1.754,988 9.545 1,711.673 1.763,239 1.721.218 Thg company 1$ ¢ntiUgd to 6xempUon from Ihe audit requSrement contained in $6Ylion 477 of the Companios Aci 2006, lol th• year oThJed 31 knJust 2022. atthough audTt h88 beon ¢8rrieil out under sectlon 144 clthe ChareS ACL 2011. Th8 throLlors ackno8&a9 Iheir r88pon8SblllDes (x)mplyirKJ wilh the roqulrements of the Companies A(12CQ6 wtth respect to accounting records and the preparation of financial statémsnts. The MeMbS have not required the efjmpany to obtain an audit of its financ4al slatements underlhe requirements of the Compan18s Aci 2006. for th8 year in qugStK)n in 8¢cordance wlth sectlon 476. These financial stst8ments hav& been prepwed In awcfdance wtth the prov1s1o applible to companlès Sublt to the smal comp8nies rwJimg. The financial thtements were approved by the Trust cffi.... .. Mrs C Smith Trust•• Company r•glstratlon numbw 912022 12-
CHARLOTTE HOUSE SCHOOL LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR EPIDED 31 AUGUST2022 2022 2021 Cash flows from oporatlnq actlvltl•$ Cash géneratèd fr¢)m op8rats.ons 14 104.252 201.140 Inwjtlng alryti? Pwchase of tangib fixed assets 133,2441 174.7681 N•t fA8h us•d In Inv•stlng actlvltl•• (33,244> (74,768) N•t cash u8•d In flnanclng acuvlues Net Increue In cash and cash equlvaler 71,1108 126.372 C¥8h cash equivalents al bgginniny of y98r 415,010 288,&38 C¥¥h •nd ¢#sh •qUIvOnI* at •nd of y•ar 486,018 415,010 13-
CHARLOThE HOUSE SCHOOL LIMrrED NOTES TO THE FINANCIAL sTATEMErs FOR THE YEAR ENDED 31 AUGUST 2022 Accountlng pollcles Charlty Informatlon chOtta House Schoc4 Llmited is a private company limited by guarantee incorpor8d in Englarvj aThJ Wdes. Th8 raolslered offic£ is 88 The Drive. Rickrnansworth, Httrts. WD3 4DU. 1.1 Accountlng convenll¢n The finanaal statsmènts have been prepa in accordance wlh the ch8ritls Memorand and Arbdes of ASation, the CompaniesAct 2006 and"Acuunting and Repcrting bY¢har95.. s&ment01 Recclnmended Prtice appllcable to charities preparing their accounts in accor(jan with the Finanaal Reporbng Stsndard 4)plicable in the UK and Republic of Ireland IFRS 102}-{as 8mewxled for a(t<KAnting p8ri¢)ds commencirvJ from 1 January 20191. The chartty is a Public Bengfit Entf¢y as d&fined by FRS 102. The finanaal siatements aro prapar9d in stwllng. vthlch Is the funcllonal currency of the drity. Mon¥tary amowts in th959 financial statem8nts ar8 rounded io the nearest £. Thg fin4n¢i¥l 51¥t8m$nts hav8 be8n prepared under Ihe historical 51 nVentiOn. Imodifibd to indude the rovaluallon of fr88hold properties and lo include investment properties and ¢ert8in Itnandal Instrumants at fair Val1. The principal accountirvJ p1$ adopted are sel out bg10w. 1.2 Golng concorn At the tine of apFYoving th6 financaal statements. the twstee8 have a rea¥onable gxpectation thal the charity has adequate resour to continue in oper8tional existence for the foresgeab19 future. Thus the tnjstees continue lo adopt th8 going concem basls of a(xounting in preparing the financial statemerts. 1.3 Charitsblg lund5 Unrestricied funds we awdilable for use 81 the discretion tha trust8•s in further8 of thwr ¢h8ritable obj18¥, unless thè funds have been designated for other purFx)ses. Restrided fvnds 8rè sutyéel to SP8dflc condbb.ons by doTh)rs as lo how may be uY. The and uses clthe reStrK1l fund$ a $ot out in the notes to the financlal statements. 1.4 Income Incomè is cOgnIs&d Mthen the charY is1gJally entitled to It after any p8rforman¢e ¢onthtkns have bean mot, the amol Can be measured reliably. and St Ls tffobable that inwmg wll re¢xived. Cash donafjt)ns a CognISed on receipt. Othw donatK)ns are rerJogni5ed or¢e the d)arity has been notrfted of thg donation, unlBss perfomance condttions require deferral of the amount Incom8 tsx racoverable in relation to dCationS reIved under Gift Aid or deeds of covenant is rÈcogrMsl at lh8 lne d the donation. Legacies are ¢¢¥j1$$d on CeIpt or otherwise rf the chariiy has been notrfiÈd of an Smpand*ig distribution, the amount is known, and rec&pt is expected. Wthe amount is t known. the le9&y lstreated as a contingent As$èl$ for dlslrfbullon are recognlsed only when distributgd. Assets given for use by thè charity are rcgn1sed vA)en recelvaNe. Stocks of undistributed dtsnatèd go(KIs are n(A valLtad for balmnce sheet purposes. Gov8rnment grants latij to revenue ar8 Tecognised in income on a sy5ternatic basls over the 0d6 in vthich the entity recognises tho relaled costs l(K vthich thg grant Is lrtended tg ¢¢¥npensate. Turnover Is measured at the fair value of the nsideratIon re(%lv8d or reIVable and reFYesents amounts rthvable lor goods and services provided in the normal ¢ouw of buwrws, n8t of disccmjnts, VAT and other sales lated taxes. 14.
CHARLOTTE HOUSE SCHOOL LIMrrED NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Accountlng polkl•s (Contlnu•d} 1.5 Expenditurn Expenditure is recognisèd on an 8ccruals basls as a IiBbiliy is incurred. ExFenditure indudes any VAT vthich cannot be lully recovered, and is dassffi8d under headings of the ststernent of ffin8n(¥al ath"viiles to whkh it relatès: expenditure on Taislro fvnds iludeS the costs of di fvndralsing acbvitres, events. nty) charltable tradirKJ activities, and the sale of donated goods. expenditure on charitable activibes includes 811 costs inGuirBd by a charity in undertaking actiV"&S that further its charitatAe aims for tha b6n8fit of rts neficIaneS. it¢Jing those supporl costs and costs relaung to the govgrnance of th8 charity apportioned to charitable activiues. er exndItr includès all èxpenditura that is neither related to raisiro funds forthecharity norpart ts expenditum on chit8ble aCtIves. All cc>sts are allocated to ewditure categories relleclire the usè of th8 rascree. D1ct costs attributakAe lo a single acilvlty are allocated diwtly to th tivity. Shared c051s e apFKrtlCd bebveen thè they cxjntribute to on a Teasonable, juslifiablo and Consistent bas(s. 1.6 TangibF• fix•d assets Taroible fixeil 855ets are irxtially mgasur8d at cost and subsequenoy measured at <x)st. of dapreciatn and 8ny knpoimient IE)sses. Depreci8tion is rèttsjnisèil so 8$ to wrlte off Ihg cost of assets s$ their residual v8luÈs over th8lr usefij lives thg folloTrMNJ b8$es'. Buildings Ftxtures. frttlngs & equlpment Motor Vehicle 2% on cost 10% redudng balane 10 years straigm line Freehold land and assets in the course rA ci)nstwudion are not deprecSated. galn or loss adsSng on the disposal of an assel 13 determin8d as th8 differènee beeen the 3819 prD(x8ds and earryiryd value of the asset, and is re¢(NJnised in the statoment of financlal activbties. 1.7 Impairm•nt of fixed assets Al each reportirbg end dat8, th8 charity r8vi&ws the cwrying amounts of ts tsngble ass8ts tod&temi1neeth&T lh@ is any irKllcation that those assets have suffered an impAimient loss. If any such indKabon exisl$. tha reeoverablo amount of the asset is estimated in order lo deterrnin8 Ihs 8XtÈnt of the Impairment bss {bf any). 1.8 Cash and cash •qui¥al•nts Cash and cash equrvalants include cash In hand, deposits held at call wilh bank3. clhgr short-temi IK4uvJ Inveslmenls wlh originaj maturilies of thra& months or less, and barl( overdrafts. 1.9 Flnanclal Instrumenis The Charity has elgCt8d tQ8pplythe provislons of Sedon 11 '8asic Financial In8trumgnts' and Sedon 12'01her FinartiJ Instruments Issug8' of FRS 102 to all of Its fSnandal Instrument Fina81 instrumenis are recDJnised In the chariitys balanc* sheet when the b8comes paty to tha contractual provisk)ns of the instrumènt. Finala185$èts and liabilrfiès ar8 offs8t, wth the netamounts presented in Ih8financial statements, when there is 8189ally enforCe8e right to set off the recognised amounts and there is an intÈntiM to settle cffl a net basis (K lo re81i$g thg assat and settlg tha liablllty sSmuWaneousty. 15-
CHARLorrE HOUSE SCHOOL LIMrrED NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED) FOR THE YEAR ENDED 31 AUGUST 2022 A¢countlng pollcl•8 (connUe) Baslc financlal assets Basicfinanoal assets. which includg debtots and cash bank balances, are Initial mogsured attraactIOn e including transaction costs and aré SLtbs8qu&ntly carried al amortised cost using the effective inierest mothod unless the arrangement constitutes a financiro transathon, where transaction is measured at thg esent value of the future receipts discounted at a mawket rate of interèst. Financial assets dassifieil 85 rKeivable %%llhin on$ yèar arè not amcfjtisod. lfftpalrment olllnan¢lal assgts Finalla1 assats, other than those hÈld 81 f8ir v81u8 through Sncome and expenthture, arn assessed for )dlcators of impainnent at each reporting date. Financial assets are impaired wher8 there Is objective evidence thot, os a result of one more event5 that occurred th the In4 reco)nTtKJn of the ffinancial asset, thg estimated fuiure cash flows havè b88n affected. Wan asset 1$ Impalrgd, tha Impalrment loss isthe drffergncè bv&snth9 caryiig anount and thé preseni value ( the 8Stirnated cash flows discounted at the asset's 0ri9lnal effective Interest rate. The Inpaimt loss Is Tecognis6d Mi net Incomellexpendrturel for U)e yoar. If there Is a decrease in the Impairrnerrt loss arfsiThJ from an event occurring 8fter tmpalrment w85 f8cognised, Ihe impairment is revarsèd. Tho reversal is such that the cuffent carrwng amount doe5 not exceed what the carrying amount would have been. had the impairment not tygviou$ly been rwnis8d. The Impe4rmenl reversal is r9wgni56d in net Incornellexpenditurel frthÈ wr. DgrKognltlon of finanelal assgts FinarKial assets are d8r8cognised only when the cntractUal rights to the cash the a55et èxprrè or e sewed, iy whèn thè charity transfers the firncial awt and substantially all the risk3 rewards of wnership to ahrenty, or if some signrflcant rfsks and rewards of ownfjrship are r8taSned butconlrol of th8 a65el h8s tran¥l8rrBd to another party that is to sell thè assat in its 8ntirety to an unr¢l8led thlrd party. 8¢ finartcialllabllltles Basic financial lialylib$s. including creditOTS and bank108ns initi311y recognis8d at trangactii)n pric6 unless the arr8roèmÈnt eonstitulas a finarIng transaction. whwe the debt instnJment is measured at thè Fyesent valu8 ol the fLrture payments dlscounted 81 a market rats of Interest. Flnancial liabilities ddSsffd as payable within on8 yw are nol amortised. Debt Snstruments are subsequenuy carriad at amortlsed cost, using the Interèst rate methc#Y. Trad8 creditors arg obl¢gations to pay for go¢)d5 or services that have baèn acquired in ts Ordin eA)urse cl opÈrab'ons from suwièrs. Amounts payable aTe cJa5sffied as cuffent liabl11tS ff paymenl is due within one year or l•$$. If not, Ihey are presenled as rK>n-currgnt li8bilits8s. Trade credltors are recogni59d initiallyat trsaCtIon e and subsequenuy measured at amortised c(Trst uslng the effte intefest method. D•r•cognltlon of fin9191 li?biliti•s Financial liabilities af• d6CognISed when the th8rity's contractual obligal£*)s expire or are dIschard or Cancelled. 1.10 Employ b•neflts The cost of any UNUS hollday entsuement 1$ re¢e4Jnised In the In whSch the emF4oyee's soNlces ar8 re¢ved. Tennlnation benefits are rec¢yJnised immedalgly Bs an expense when the charity is deM0rtstraY ccynmitted to tarninate the ernFAoyment of an 8mployee or to provide tem)ination tn.
CHARLOThE HOUSE SCHOOL LIMED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2022 AccountSng polkle$ {Contlnu•d) 1.11 R¢tir•m•nt b•nèllts Payments to (18fined ¢(x)lributlon retlrement tefit schemes are charged as expenstr &$ they fall due. Thè school conlributas towards the Teachers, Pension Scheme I'TPS'I which 1$ a defined benefft schgrne. Thè TPS ig an unfunded scheme and contiibutions are calculated lo spread the ¢o$l of nOnS over employeg3' working li$ Mth the school in such 8 way that thè pènslon cost is a substants.ally level percentage of cunI J firture penslonable payroll. The contributions are d8termln8d by tha Government Actuary based on (lAdnn1a1 valuations usirvJ a prospedve unil (xedit m8th(yJ. TPS is an unfunded mulbemployèr sch8me wih no unrty1r0 assets lo assign belween employer5. Consequently, the TPS is treated as a defined contribution scheme for aCcowlrj pwposes and the contribution5 racognised in the Ood to which they relatè. Grants. donations and l•gocI•s Unregtrlcted Unr•8trlcted fvnd¥ furKI$ 2022 2021 Donations and gifts Govomment grant inccffle 5,458 6,164 5,764 5.458 11,928 Charltable actitIes- income 2022 2021 Sthod ar reglstration fees Other edLKal*)nal irKome 1.462.876 18,899 1,440,576 1.868 1.481,775 1.442.444 17-
CHARLorrE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Charltabl• actlvltles Support Activlll•s costs undertaken dlr•ctly TL*al 2022 Total 2021 Stsff Ix)sts Depreciation and impairment Maintenance Rates a utiliti9$ 8urs8riès & discounts School books & consumablès SLtbsuiptw)ns Insurance Bad detrts 206.991 835.125 1,042,116 65.562 65.562 119,615 119,615 25.124 25.124 71,365 71.365 18,212 18,212 6,719 6,719 18,$32 18,532 1,638 1,638 1,013,534 62,494 115,856 29,044 73,428 15,526 6,120 16,250 206.991 1.161,892 1,368,883 1,332.252 General supp)rt costs Governe costs 63.609 12,720 63,609 12.720 33.923 11,970 283,320 1,161.892 1.445.212 1,378,145 Included in gov8manca costs above are auditorfs rnuneratIon for au(At s8Mc&s of £8.1(N)12021: £7.760} d non-alit servlces of£4.62012021'. £4,210} Analy919 bylund Unrèstricted funds Restricted funds 283.320 1,160,598 1.443,918 1,294 1,294 283.320 1.161,892 1,445,212 For the year ended 31 August 2021 Unrestricted funds Resiricted funds 253.905 1.122.946 1.294 1,376,851 1,294 253,905 1.124,240 1,378.145 Tru¥ts•$ Norté of the trustees any persorts connected with th) recwved any muneratIon or beneflts fn¥n th9 charity durfng the year. The InJsteBs' expgr6gs reimbursed by Sn th• yew aMnts lo £nil12021- £nill 18-
CHARLorrE HOUSE SCHOOL LIMrrED NOTES TO THE FINANCIAL STATEMEprrs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Employ••¥ NuMr of employees averaga Month rnrnber of nplOyeeS the yÈarwas'. 2022 Numb•r 2021 Number Teaching slaff Domestic staff Administrabon staff Agsistant staff Kitchen Staff 15 15 30 Employment costs 2022 2021 Wag8s and salariès Social cUrrtY u)sts Othw pènsion costs 825,225 76,756 140.135 805.799 72,804 134,931 1,042.116 1,013.534 Thè number of empltsyèas whoso annual r8munwalion wa$ £60.000 c¢ more wore.. 2022 Number 2021 Numbor £70,000- £80,0 19-
cHARLOE HOUSE SCHOOL UE0 NOTES TO THE FINANCIAL STATEMETrifs {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Tan&Tbl• fix•d a88•ts Buil Flxlures. AlthrVthld• Imtlngs & At 1 September 2(Y21 Additions 2.122,386 606,405 33.244 30,820 2,759,611 33,244 At 31 August 2022 2,122,386 639,649 2,7¥2,855 Dopr•Gialion and Impalrnent At 1 Septsmber 2021 Depreciation charggd in thè year 870,959 32,116 306,958 30.364 8.219 3.082 1.186,136 65,562 At 31 August 2022 3,075 337.322 11.301 1,251,698 amount At 31 August 2022 1219,311 302,327 19.519 1,541.157 At 31 August 2021 1,251,427 299,446 22.601 1.573.474 Dobtors 2022 2021 Amounts falllng due viithin on• or.. Trade debtors otr debtOTS Prepayments and ¥¢¢ruod Ilne 8.388 475 16.436 14,448 23,277 14,448 Creditors.. amounts falllno due wlthln on• y•ar 2022 2021 Othertsxation and so¢ial securfty Trade CTeditoTS Other eIlors Accruals and defeffed iMe 19,689 218,965 5.048 43,511 19,830 227,721 S,580 28,583 287,213 281,714 -20.
CHARLorrE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 10 Retlrement beneflt 8¢hemèJ Teachers. Pension Sch•me The school parti(ipatés In the Teachers, Pension Scheme EVnd ond Wales ITPSI, for academlc 8nd r91gted Introductlon The TeactreTS' Pension S¢heme ITPSI is a statutory, contriiKJtory, defined b8n8fit Sch9, governed by th8 Teachers, Pension Scheme Rggulations 2014. Membership is 8lJtom8tic forl6ad)ers In acadernie5. Al t88chèrs have the oplicm to opt-out ol the TPS follovAng enrolmenl. Thè TPS is an unfundad sch8metowhtch both th8 Memrand employer makescontribuiions, as è rCentage of salary- these conlribuuons are cr1119 thg Excwuw. Retirement and olher pension b9nts aro paid by public funds provided by P8rfiamenL Valuatlon ol the T•4¢h•rn' Ponslon Sch•m• Thg Govgmmgnt Actuary, uslng nomial actuarfal winciplgs. TrUCts a fomial review of th8 TPS in accordance th the PulJic Senrice Pensions (Valuations and Employer Cost Capl DItionS 2014 published by HM Treasury every 4 years. Thg aTh of tha rèvlew Ss to specify the level ol future ntributiOns. Actuarial scheme valu8tions arè dependant on assumptions aboui the v81ué of luture e<>sts, design of benefrts and many otherla. The lest8cluarial valuaUon ofthe TPSwas cawwi8tJ out asal 31 March 2016. The valuation rgpgrt d5 puilished by Iho Dwartmevrt for Edu(aUon on 5 March 2019. Ths kgy elements of the aluatI£ and Subsequent conwltatiDn ar8". employer Contributi rates set a123.68% per(onble pay {5ncluding a 0.(% wjministralwm levyl total hrne liabilitias InSIonS cuThently in payment and th¢ éstimated cost of future trneffts1 for 8ervice to the effecllve date d £218,1 DO million arKI n(Aion818ssets1ostimated future contributions IINJelher wtth the notional investments held at the valuatlon dat81 of £196,100 million. gNiro a rntional past Se1 defirAt of £22,CX)O million the SCAPE rate, set by HMT. is used to detenin& th• notSonal investment return. The current SCAPE rate is 2.4% above the rate of CPI. assumed real rate of retum 13 2.4% in exc85s of prfces and 2Y• in excess of eatninys. Thg rotè of real eamings growih is 8S5umed lo be 2.2%. Th• assumed rrfjminal rate of rètum IndudlrKJ &IngS growih is 4.45% The n8xi valuation result Is due to be IMemented from 1 Aprfl 2024. Tho employer's pen5K)n costs paid to TPS in the pgriod amounted to £130,81612(r21'. £125,516). A copy of valu8tion raport and supwllng documentation is on th8 Tèath8ts' Panslon website. Under the deffinitsons set (Krt In FRS 102. th¥ TPS k% a mUlteMploYer pension schwng. The charlty has accountsd for its o)ntribthions to the sthémè as rf it wère a defined contribution scheme. The charity has set out above the InfonnaTrn availabl$ on scheme. Non-tsacher5' P•nslot) Sch•m• Thè school also contrib¢Jtes to defined cortribuilon schemes on bBhaK of its othw stsff. Employer costs contributed to thgsg Sc1Me$ arnountsd to £9,31812021." £9,415} 21
CHARLOThE HOUSE SCHOOL LIMrrED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 11 R•strtct•d fvnits The Incorne ftjnds of thè charity includ& restricted funds comprising the follMt¥J unexpended balances OF d¢nation$ and grants held on trjst for spechfjc purp05es'. Balanc• at Expendtur• 1 S•pt•rnb•r 2020 B•l•rKe 4t Exdr0 Bal•nc• at 1 ¥epternl)er 31 AUgt 2021 2022 Donations sp8clIallY for mInit$ 10.839 11,2941 11,2941 8,251 12 Analysi¥ of Mt a•ts b&two•n funds Unrg$trict•d R•8trfct•d funds funds 2022 2022 Total Unrestricted R•8trfct•d funds fund$ 2021 2021 Totsl 2022 2021 Fund balare$ at 31 August 2022 ar8 represented by.. Tarolble assais Current a3setsllliabilrfio$1 1.532,6 8,251 1.541.157 1,563,929 9,545 1.573.474 222,(E2 222,082 147.744 147,744 1,754,988 8.251 1.763.239 1,711,673 9.545 1,721,218 13 R•latod party trangactl<)nB We no disdosable related party transactions Iluring th& ygw12021- nonèl. 14 Cash g•n•r•t•d from oporation 2022 2021 Surplus forthe year 42,020 76,227 Adjustments fcr. Depreciation and impairment of tangible ffix assets 65,562 62.494 Movèm8nts In working capiial.. Ilncreaseydecrease in det)tors Incr8as8 in Creditors 18.829) 5,4 16.947 45,472 Cash g•n•rated from operatigns 104.252 201.140 15 Analysis of chang•8 In n•t fvnds The thanty had no dabi during the year. .22.