Charity Regi$tratlon No: 311075 Company No. 00912022 {England and WalK} CHARLOTTE HOUSE SCHOOL LIMITEO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
CHARLorrE HOUSE SCHOOL LIIIJITED COMPANY INFORPIATION Tru$t¢es S Reader (Chair of trustees) C Smith P M¢Glone A Haffiejd M P Wilson S Ramroop R Stuttafor C Smethers K McNemey- resigned 31 December 2023 Company Secretary G Chana- appointed on 1 September 2023 Company number 00912022 (England and Wales) Ch•rity numbef 311075 R•gistsr•d offl¢• 88 Th¥ Drive Ri¢kmanswcrt1h Herts VVD3 40U Bank•rs Barclays Bank PLC 22- 24 Upper MarlbOu9h Road St Albans Hertfordshire AL1 3HJ Auditor Hardcaslle Burton LLP Lake House Market Hill Roysto Hertfordshire SG8 9JN
CHARLOThE HOUSE SCHOOL LIMITED CONTENTS P•g• Trustees, Report Ststsmènl of Truslees. Rgsponsibdities Independent authlor's report 8-10 Stalemenl of financial aclmlies Balance sheet 12 Staternenl ofeash 13 Notes to the acccunts 14-22
CHARLOTTE HOUSE SCHOOL LIMITED TRUSTEES. REPORT Governing document The Charity is governed by its Mèmorandum and Artiejes OfAsSl81l0n dated 31 July 1967. Gov¢ming Body The member5 of the Charity's Goveming body are listed above. S. Star¥ resignad as a Trust88 and Company Seeretary on 31 August 2023. Dr McNemey resigned 88 a Truslee on 31 Deeember 2023. C Smith steppèd down as Chalr of Govemors on 31 August 2023 and S Reader w8s appointed 0$ Chair from 1 September 2023. RecNibnÈnt and Trninlng of Gov•mo The Charity's elected Govemors are appointed al a meeting of the exi8ting Governors on the basi5 of nominations received from existing Governors and the Head to the Board's specificab'ons conceming eligibilty. personal competence. specialist skills and local availabilty. Gov&rnors are in(Jucted Into the workings of the Charity induding Board Policy and Procedures, by initial briefing by Ih& Chair. attending Govèrnors, meetings and being directed lo relèvant guidelines and courses. This 1$ supplemented by personal visit5 to the School to talk to staff, parents, and pupls. Ory•nlsatlonal Man•g¢m•nt The Govemors, as the trustees of the Charity. are legally responsible for the overall managemenl and control of the School. The Board of Govemors me8ts al least threè times a y•ar. In addition to IINS. there are four Committees ofthe Board which deal wfflh spe¢lfic areas of the school's oper81ion.' The Education Committee.. Chaired by Dr McNemey, is responsible f examining trends in education. educational policy and $laff deveh)pmgrrt and the promollon of thg school and its ethos. The Building and Finance Committee.. Chaired by the Treasurer (A Hatfield) and assisted by the Bursar, is responsible for implementing facilities and financial slralegy and the policles of the Board, including the preparation of budgèts. managem9nt a¢oounl$ and forg¢a$ts, and is also responsible for the audit. The Health and Safety Committee.. Chaired by the Bursar {G Chana), oversees all heakh and Safety matters and operational risk management. The Marketing Committee - Chair8d by R StLrttaford, dgvglops mawketing $tralg91gs. ovorse8S the creation of new advertising and websrte material. and exploros Odeas for promoting the sthool. These committees rneel at least once ea¢h lemi. C Smlth Is the govemor responsi¢ for Child ProtectKJn, she reports to the Board on all matters pertainin9 to Safèguarding. P Wilson is Ihe Early Years Foundation Stag8 IEYFSI Govemor 8nd Special Edu¢alion Need8 Governor. The day lo day nJnniThJ of Ihe school is delegated to the Head supported by the Bursar and Ihe Senior Managemenl Team. The H•ad and tho Buisar attend ffleetings of the abo Committees and they also attend full Governing Board meetings. The school is represented on a number of relevant organisations, indvdiny thè Independent Assoaation of Prepwalory Schools IIAPSI. the Independent Schools, Bursars, Association IISBA} and the Association of Gov&rning Bodies of Ind¢pgndent S¢hool$ IAGBISI.
CHARLOThE HOUSE SCHOOL LIMITED TRUSTEES. REPORT ICONTINUED} Rbk Manag•m• Thè BoaTd of Govèrnors 18 rasponsible for managemen¢ of thg sIrS5 risks trdcod by ts $chool. A Risk Register is Maintained and rewiewed by the board, and this Intludes the management of actions in mibgation ol bu5in8ss risks nte0. Heallh and Safety R&sks ara identrfied, controlled, and managed ty the Health and Safety Commrtiee whith is ch•ir8d by Ihe Bursar wilh members drawn from acro8$ Ihe staff of Ihe School. A Govemors, representat? aLso sits on the Health and Safety Ccthmittee, and minut85, inspoGlion repots an(1 other relevant inf0mtIOn arg reviewed by the Board. The key conlroLs used by the Charity fn¢lude'. Forni agenda$ and mifiutes for all Committee and Boar¢ activity Detaid tem)$ ol TrferenrR for all Committees Comprehensive stsategic pknnlng, tMJdgellng, 10Tr9 torn1 planned Mrn¢4. and management accounts"ng. Formal wntt6n policies Clear 8ulhoiisalion and appr¢val levels Vètting procodure$ as required by law lorthe prctsctDn ol the vuherable Through tho risk managgmgnt prwgs$9$ 88t8&Sed for the School, the Govemots ar• satisfied that the major risks identrfi¢d havè been adequatety mib'gated where necessary. tt 1$ recognised that th• sy6tsm$ onty prowde reasonable bul not absolute a$surance that majorrisks have been adequately managed. objectiv and a¢tivitles ¢harf¢able Objects The objed of Charity in accordanc8 With its Mernorandum of Asso¢iallon is t¢ provide educatJn through the operal*Jn of # Preparatory School. Charlotte Hous¢ School is a fee-paying schoc4 fcr girts aged three Ip eleveTr. In lutheran of this object, the Governo as lh¥ Charity trustees have coMpld with the thty under S.4 of the Charrtie5 Act 2006 to have due 98rd to the Charity Commission's publhe gèneral and rdevant su¢tOr gUan conceming the op8Trlon of the Publi¢ Befit reqi¥romont undor thatAct. Ath)8 and Intended Impact The yeai en(Jed 31 August 2023 ha$ seen ¢onlinued progress In accordance wlth the school's èthos and $lratsgic amns. Chart)tle House h88 8 strong acadern tradition based on the phibsophy of edu¢8tion dèveloped by Charbtta Mason. the founder of the Parents, N'0al EdCa"¢n Unlon, who believed thal parents aNJ the home were at the heart of dev8pinll children spiritualty, phy5icalty. gnd m8Dtalty and that children shoulj be respected as indiwduals and nurbjred lo develop IheiT unique tslents. The GOvOr8 Stsff arè tommltsd lo m&ntainirvJ Ihl$ tradib"¢n. 11 ts the poll¢y of Chadotte Hse School that pup¢ls, indLxling tho$• in the EYFS, receive a broad and banted lul tim8 Supgrwsed curriculum, which delivers an ¢dutIon $uitsd to all pupiLs acros5 tho full age and 8bilty fange. pupil$ have opportunity to leam and make progress and are prepared for the opportunitkgs, re5ponsibilrt, and experi8nc•s of lrfe in Britsh society. The curriculum is desvJned to engender a love and eXl&ment of leaming. WThll$t with u$. we see all pupi15 fu11 their indwidual acadprnic and creatwe potential. explore their tal•nt$ to Ihe full. and appreciate through $luOy, the w8allh of human achievet. PwgressKJn is atthe core of the curriculurn.
CHARLOTfE HOUSE SCHOOL LIMITED TRUSTEES, REPORT {¢ONTINUEDI wsthSn 8 framoworf% based on Christs'8n valu05, we prowd8 a stwnulating 8nvironment in whKh chIren are happy, successfrjl, and ke8n to 18am, thus helping them lo grow Into young peopk who are fulflkd. rtSPQGtfL and able tts make a posrtive ¢ontrtbuts"on to sodoty. Th• school is cornrnitted to equal opportunibes lor an. thlklreTr, and staff allka. and prevKlè$ a wKl• programme of 6POrtirvJ, dramal¢, arb"$ti¢ and eXtr&rricuI8ra¢tlv1t$. Publlc Berf The total numter of pupils at the school by the end of Ihe year was 103. of whlch Six held part1 bursars. The Govemors, policy is. within the rea$onab means ol the sthotrl, to maintsin our bursary proVisn lo help èxisting pornts in time of hardsh and to give chibjren, who woukl otherwi$e be unable to. the (pportwlty to be educated privty. The school ha5 sought partnerships with local state sthooL8. including offering tree plaS on our training days to their stsff and hopes to devek)p these lurther. Wo glso inirite children from state schods to partiClDale in events such as Languages Day. Fund Ralslng The school Is Ihe prinupal bèntfieiary of the Parent Teacher Association IPTAI. a separate ¢h8rity cal Ihe Charlotte House Prep School PTA Iregl$tered nurnber 11065041, through which lundrai&iThJ for comrnunity projecls, bulldlng pfolects and seMol ¢qu¥ent is conducted. Tho PTA continuès to support the school a5 enthusiastically 88 8ver and has hosted a varrety of events Intludln9 8 summer fair, a movie night, and 8 comedy evenln9. It purchased rnore Lego robotic kts, library book5 and Some gymnast$ equipmentforthe school. Strntegic report The following $e¢th) form thè stratogi¢ r•portof th8 charfty. Achlgv¢rn•nts and Perfom)on¢e Thts year again Sow the ContU8n¢* ol hvJh standard5 set prevh?us years In al aspects of th8 School's a¢lwitios. The girts bonofit trorn EFrfialv8t tea¢her$ acm$8 the ¢urri¢ulum. and we endeavor to provide them witt) a wealth of experlences and opportuniues. We ensured that planning wa$ accurate and appropriate for the needs Df the ¢hifdren, $h¢Jwlng dear prOgressn and ccn%slery. The girts lake horne all their books once every haw tenn to promote our hcmelschool partnership. As a dyslexk4 friendty school and a reccgnised nghts Tespe¢tin9 school, we contsnue to ensure thot the $¢hool is a v8ry happy enronment where all girf$ Can flourish, ffind thoirvoic• and achieve Iheir goals. Throughout Ihe school year diagno$ti¢. $vmmative and fom)ative a5sessment5 are used to ensure each child is perforning to the best of their abilty and Is al least reachlng age expected level&. Assessments used range from monrtoringlmarking of SchoovOrk to ASPECTS. INCAS. and PIPS. This was a year of outstanding academic perforn)ance with Qur assg$$ments $howin9 an oxcelbnl lovel of progress for 811 classes trad(ing gits throughout their Ume with us shows ¢on$iderabk8 'value-added'. In KS2, 100% of gid$ were working al national average or higher wlth the majority achieving consKJerably hhar than natK)nal average. Girt$ w+r• very $uc¢es$ful In Irèn8ferring to IhÈ secondary Schoo of Ih8ir thoice. They accepted places at both State and private schoo15 and W8[8 ottew four a¢adwni¢ $¢hokrships.
CHARLOThE HOUSE SCHOOL LIMITED TRUSTEES. REPORT ICONTINUED S¢hool Off•rs Gi orrers Attspled Scholarshipsl Awards AbbDfs Hll Berkhamsted Dr Challonèrs. Haberdash8rs' Northwood Col rs Comer Ro al Mason1¢ Scottish State school St Clement Dane5' stAban's Hi h School f¢r Gi St Helen's St Mar arets Stma The Reach Free SchorA" Watford Grammar S¢hod' Other statè s¢hools TOTAL 13 52 18 'mainlained $8Ctor This is, as akway5, a vital and Important Pre$S and we devote much care and attention to $upporbrvJ both the girfs and th8iF parents, and ITr devebping and malnlainiry $trong links with al secondary 5choo15 in the area. Charfotte House girfs benefit from the sew-assurance and academic attainment developed durin9 their lime at lh8 school, which enables Ihem to transfer to one of their chosen secondary xhools wilh ease, bakng 6uifi¢i8nUy matur¢ to deal with the change5. ExtM£unl¢ular Actlvltlos The followlng edu¢8tional trips took placè.. Nursery & Reception vlslted Bekonscot Model Villag6 arnl Odds Fami,. Form l & 11 went lo Bhaktivedanta Manor, Discover Bucks Museum and The Look Out Di8covery Centrè." Fom 111 went to Hazard Ajtey, Celtic Hamony and a team buikling day,. Forn Thl went to Fleld stud Centre and Gurttara (Slkh T8mplel' Fonn V went to Paccar Scout Camp". Form Vl went lo LOngrge Activty Centre and Sky Studios. Fomis V aThJ Vl took part in the Young Voi¢e$ Concert at Ihe OVOArona, 1MY. Physical education and 8POrt are key Components ol the s¢hoc4. AJI girfs ar8 actiV8ty invDfved in variovi sp¢Jrtlng actiwl•s. taktng part In nelball matches, swimming galas. ¢rid<et matthes. athbtics m8etings. and ¢ro8s-¢ountry race$. We held our CaToI SeNice at st Mary's Church and thé Fom) V & M Choir sang at the Rlckrnanswoth Winl•r FestNal. Th? following products'ons took place. Early Years did their nativity 'Bom in a Bam., Forms 111 & W 'Litt Red RIng Hèed,: Fom)$ l & 11 'HoY'; Forn) V & Vl 'Midsumrner Nighys Dream,. The was also 8 Prep School Mu$1¢ Con¢grt. Fomi V wgrt on a r85id8nti81 ttip to Suffo. Fom Vl went on a reskjential to Harnpshir• and Fixm IV had a team building I bushcrattday arnl sk¢pover in tents. Thè school continues lo expand the gits. horizons wlth a range of lun¢ht"me and after school clths. indIng Tae Kwon Do, Speech & Drama, Ballet. Dance. Playball, M.. tech and GymnasliGS. Staff al$0 ran extr8-currKular clubs including math, doba)ng, yoga, ngtb811. gafdoniNJ, ¢rr¢kel. kni¢b"ng and sewing, Harna Beads, puzzk 98me8, Cosmic "d&. Chamber Choir. spe Stackiry. Purple Mash & footb811.
CHARLOTTE HOUSE SCHOOL UMITED TRUSTEES. REPORT (CONTINUED) Indgpond•nt F8gdba¢k INhil$t Ihe xhool has not bo•n insp•etsd by th• Indewndtnt Schools In5pectoraie IISII in accordanc• with its inspection schedule sinc8 October 2021 wn the Edu¢8tlon Quality In$re¢ty"on port graded the $thool 'ExcelbnY- the $¢hooJ was 8¢¢gpled for entry into tt)e Geod Schoo15 Guide th15 year. Each school in the Guide is selected on merit alone. Schools canrt pay to be induded and have no infiuence over wh8t is written. Th8 guide has a reputalk?n for 8lways lelllng Ihe tr¢Jth. They have over 1.450 ftank reviews of best srhDols a1 luttsr a9ertios. Thts Charfotte House review was glowing and incl£d the following ¢cmmenl.. Yhe destin8tion school8 tell you all you need to know about Ihe high academic 8tand8rd$, and what fortunate girts to reach such an inspired, and unpres$urBed aMIng journey.. AJ$o in thi$ wrfod. the TrustS ¢ommksSoned a qualitatNe search survey from 8XP8rt8 In consumer behavior ond customer eTrJagement in Ihe UK school'5 market. The survey's findings of p8rent perceptions across a br08d spectrum of school Ife infomied str8tegit decL8ion-m8kln9. The report ws a won(rful endor5emetst of IhÈ sthool and the ¥w5 on the H•adrni51rv55, P Woodcock, were •xc8plion£lty positve. Numerous paients commented on her professlona¥sm. energy, likaability, and eonnedion with the Cldren, and $0 her r¥spon$ivene$$ to is$u8s that 8rLse. There wa8 wgliglble crbtlctsm. Ong outcome of the suryey was th& launch. In tho Spring Term, of'skylath, work5hop5- $0 our gtrts benofft fr¢m a 9rator broadth of èxporioncos in the hop8 that they will dlscovor rw paswon8, Strengths and intsrests along the way. Wlder Cornmunlty Actlvltlos The school con11nu to te an active member of the Ioc81 community in providing education for 9irf8 of all abil88. Tho Governors a supporiwe ot laking on Early Career Tea¢hors wh•n appropriato and pr¢vKlin9 worf( experien¢e for pupils from slate $o¢ondary Schools Or Studènt tsg¢h•rs. Tho School actNely encoursges pupils to engage in rdising fiJnd8 for charitres based both In th8 UK and over8ea5, fostering in them an 8war&ness of real-worFJ k8SUe8 and a ¢e$ire to contribute to the Wer ¢cmmunty. The 8cho0l supported the Poppy App•al. Childron in N••d, Shino Can¢•r Swpcrt, The Peace Hospice, Marvè Curie and P¢0 2 staff In Seplernber Gagandeep Chana joined as 8ursar and Clerk to the G0MOr8. Ra¢hel Buike joined a8 Year 1 Teacher aTr1 Erin P8mberton joine(l a$ a Gap Year Sludent. In Augu51, our Year 2 t8acher. Nicola Brown, our part-lim8 Art and DT te8cher, Elizabeth Sutton, and our part-tirne Music teacher, Suzannah HolrOyd.1o Erln P¢mrton. our Gap Student ¢ompkted her 9ap year. Flnaneial r•viw Tht finartial perfomance forthe period wa5 good with a deficrt of £25.442,12022'. $urplus £42,021). Depreciation on fLKed è&sets was £65.431. 12022." £65.5621. The maln cost to the school remaSned $818rf88 whleh decreased overall by 0.75% cOmpad wilh 2022. The school'5 Qverall incr88se in incomo was 3% compared with 2022. At 31 August 2023, bank borrwing5 W8r8 £nil12022.. £nil)
CHARLOTTE HOUSE SCHOOL LVIITED TRUSTEES. REPORT (CONTINUED) Reserv88 Policy The fin8nce8. budgets and sFend againsl budget are rggularty r8vwed by the Bunding and Flnance Committee of the Govemots 8$ part of the effective manageMt #l the h0O1. Cbse attention is p8id to cash flow mana9ement and tho laOnshiP beeen cash g•neration, the $¢hool'$ income 8nd future caprtal expenditu plans. In the year ended 31$1 August 2023 Ihg surplus before deprec#1)n was £39,988 12022 £107,S831, approximating tc 2.78% of the sthool's incoming resourcu. Freehold propety is induded in the finanu81 statements al a deprÈC1ad $1 of £ 1,187.195 12022.. £1,219.3111 which is ¢onsKl¥red to be materialty less than market or replacement value. The reserve5 policy is to maintsin total reserves. ¥h availabilty and cash gèneration at levels whKh enable Ihe 5th001 to pn for fijture capital expen¢Jfture. whilst effe¢tivety managing the school's educational and ¢harftsble activitigs. PlanB lorfuturo p8rlcJs A cfx))prehen$fve Sthool Developmenl Plan has bwn ¢r•atsd by Senicr Management Team our locus tor [X1Yar Nidud•". To review the ttsa¢hin9 01 computing In th8 school Bnd IoDk for way5 to ernbrace new technology such as AJ for bolh in and out of Ihe dassreom. To look at th8 way irfforrn8litrn is euffenlly Shad wlth parent5 aNJ how thi5 can be Hp10Ved to help busy I)uhokIS. To Mntinue to encourage exc8118nce throughout the ¢urrKulum and across all y•argrvJup Audltor Eath of the per80n8 who 1$ a trustèè at Ihe date of approv81 of thls report confirns Ihat.. so far a$ th•y a awa, there Is no rdevanl audit information ofwhith the charity'8 8uditor is unaware." and Ihèy have t*8n a113teps Ihal they ought lo have taken as a trust8e to make themsefve8 aware of any rel8vant audit information and to establish that the charivs 8u¢Jitor i8 aware ofthat informakn'on. The trustees, annual report and the Strats9 report were approved on 13th March 2024 aTrJ wgned on behaw of the board of truslees by.. S. Reader Truslee G. Chana Chaiity Secretary
CHARLOThE HOUSE SCHOOL LIMITED STATEMENT OF TRUSTEES. RESPONSIBIUTIES Tru¥lw¥' responsibilities statemenl The trustees. who a aL80 dire¢lors for the purposes of company law. are rnsponsibk lor pffjparing the trustees. report anrl the finanaal statemenis in accordance with applicabk law and United Kingdom Accounb"ng Standard8 Iunited Kiwdom Generally A¢¢epted knounb.ng Praclicel. Company law requires the chanty trustees to prepare finanrial Statements fo¥ •ach year whKh gwe a true fair vl8w of the stale of off91 ol the charttable compsny and the incotning resourc&s and applicafr'on of resources. includlng the incom8 and eKP8ndFturo, lorthat F4ri0d. In preping these finanra81 statements. the tStee$ are required to.. Select suitab a¢¢owitln9 polioes and then apply Ihem ¢on$i$tenUy. 18erwe tho mgthods and pndPS Sn the 4)plkth Char5t SORP. Makelwjgments acc¢untng estimates that are reo30Th8blE and prud8nL Stat• whèthèr applicab UK Accounbng Standards have bèèn follclved, subject iD any material éepartures disd05ed and explaned in the financial statemenis. Prepare the financial stmeTrts on the goin9 Con¢ basis it18 inappropdate to pre$urfte that the charity 11 ¢ontlnue In bu$lno$$. The truslees arfy respon$ibb lor keoplng •JegUa accounllng records that art $LfficnI to $how #nd explaln tho harity's traaCtir and disc105e wlth reasonable accuracy al any tlma the finan¢ial position of the charity and enabk them to ensure that the finandal statements compty the Cempanies Acl 2006. They are #Iso SPOnSIe for safsguarding th• assets of the charity and hence for taking reasonae slep8 for the PreVenOn and detection of fraud and other Iularit5,
CHARLOTTE HOUSE SCHOOL LIMITED INDEPENDENT AuofTORS REPORT TO THE TRUSTEES OF CHARLorrE HOUSE SCHOOL LIMITED Opinlo We have audited the finanoal stalements of Charfottg House Schocl Linited (the 'charty'l lor the year ended 31 Augtjst 2023 whKh comprise the staternènt of finan¢lal activit$. Ihg balar sheet, the Statemert of ¢a$h flows and notes to the finanual statements. indudiTrg s1gnrfint accounting PDlitses. The financial reportirrfJ frarnework thal has been applied in their preparation is appll¢abk law and United KIngdC Accounting standa6. in¢luding FSnancial Reportin9 Standard 102 Th& Financ181 Reporting Sl8ndafLI applicable in Iho Ul( and RepublK ol Ireland IVThited 'ngdoM Generally Accpted Accounbng Pr8cticel. In trjr opinK)n. the finan¢ial Statents.. GNO a true and fairview of Ihe State of the ehadtable ¢owny'$ affairs as al 31 August 2023 8ThJ ollts in¢¢min9 resour$ and application of resource5, for the yearthen ended. Ha¥e begn propgrfy preparBd in with United Kin9dom Generdty Acceptsd A¢¢ounting Praci Havo beers prep8¥8d in accotdanco with Ihe roqulrements of the Cc4npanres Act 2006. B¥si loriwinion conducted our audit in accordance with Intemational Standard$ on Auditing IUKI IISAS IUKII and appli¢ab law. Our sponsIbl11ti8s under those standards are further descnbed In the Alt08 responsibilities for audit of the finanaal statements sectiun of our iepori We are independent of the charsty in accorda¥ wth the elhical requiremgnt& that are revant to our audit of the finanGial stslements in the UK. including th8 FRC'S Ethic81 staard. we havo fu1 our othgr ethical responsibilities tn accordance with these r8qulr¢rnenls. We b8lv that thè auditèvidence we have obtsined 1$ sufticient and appropriate to providè a basis for our opinion. Concluslons r•latlng to golng ¢onwn In auditing Ihe financial $latem&nts. we have Condled ihal Ihe TnJstees' use01 goiig ¢onc¢m bass olaccounlkng the preparation of th8 finanual $tatemot)ts 1$ appropriate. Based on the w¢Jrk we have perfortne(l. we havè not l+Jentified any mthrial urttrtalnUo$ to e¥ents or conOib¢n$ that, indiwdually or colkctivety, may cast sIgnltant doubl on the ¢hariVs 8bllty to conbnue as a golng concern for a poliod of at least h¥elve months from when the finanGk41 statements are authonsed for i¥sue. Our respolbilits and Ihe responsib1M of the Irust¢es with rèspoct to golng concem are described in tho relevant sectsons of this raport Other Inlonnatlon Thè other inlownation t¢mpw$ the infomial.on Mcl1ed Irb th8 annual report other than the flnanoal staternenls and our aud}¢$ Rport therepn. The Injstees are Trsponsible for the other infomalkjn tontained wthin thè annual report Our own1C Dn the nandal stsierfftnts does not cover the other infurnation aNJ we not express any fcrfm of 8&8wance condusicn thefeon. Our responsibllty 15 to read the other information and, In doing so. consir %vhether the other Infom)aknon is materially inconsistent the finanual statements. or our kn(Mledge obia'ned in Ihe ¢4urse of the audit, or otheMi58 appeats lo be matenalty misslaièj. we identy 5th rn3tgrial incon$1$*en or opparent matèrial mtsstatements, we are 10 detem)ing tr1her Ihi% 9nS rbse to 8 material mwtatemenl in the finanaal $tstements th8rnseh8. If. b8sed on the work we hav• wrtonned, ¢ondut#e Ihat Ihere is a material misstatsment ¢f thi% other informab'on, requwed to pOrt th8t fa¢L W• nothln9 to report in th regard.
CHARLOTTE HOUSE SCHOOL LIMITED INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF CHARLOThE HOUSE SCHOOL LiftrlTED Matters on whkh we are requlred to report by ex¢•ptlon Vve have nothlrJ to report in rosFÉd of the fomowing rnattèrs in r•lat(on towhlch th• Charil8s IAc¢ount8 and Reports) ReguL4tion$ 2008 requit us to report to you ff. in our opinion.. the lnfomiats.on gfven in (he finarKial $tatements is inconsi$i•nt in any matarial rospoctvrtth th•Tru$tees' report. or suifi¢ienl a¢¢ounling ¢•rS have not been kept,. or the financi slaternents are not ln agreement wilh the accounting records,. or we h8¥e not received al the infomiation and oxplanations w• r•qulre for our audiL R•spon$lbllfjtles of twstes 8 explaid mor8 in the Statement of TnJslees' responsitsili1Ses. the trustees. who are alSC4 directora of the charity fvr the purpD5e of company law. are SPOnsIb for the preparation of the financial ststements and for being $alsfW Ihal they give a tru¢ and fair vlaw, fu such internal control as Ihe trustee5 dettsM1 nefs$ary to en8ble the preparation of finanaal staternents that S trom material m1s5tatement, whether due io fraud or •rror. In preparin9 the financial statements. Ihe tnjstees are responsib for assessiryj the chantys aknllty to nne a$ a golng concern, disdo8iThJ, a8 applicabl8, matters related to gotng conc•m ond using the 9oin9 conrErn basi5 Ot aecounting unless the trustees either Intend to IK4uk1ats the charitablg company or to £se op8r8bons, or have no ali%b"c attemative but to do so. AudiioV$ rg$ponslbllldos lorlhg audlt of th Ilnanclal statern8nt8 We have bèèn appointsj as auditor undèr $8ction 144 of the Charitse8 Act 2011 and report in accordar8 With the Acl and relevant regulaUon$ mado or having effgct thgfgunder. Our objectives are to obtain reasonab assurance about whglhgr the finan¢ial $tatements a8 a whole ar8 fre• fRY matenal mi$$tatement. whelher due to fr8ud or effor, and to issue an auditorf5 Teport that inGlude8 our rpinn. Reasonablg assurance 15 a h 1gv81 of assurance but is not a guaranteè that an alIt conducted in accordancè wlth ISAS IUKI will aways detgct a malerial mi$slatement when it 8XIsts. Misstatements can arise from fr8ud or error and are considered material rf, indiwidualy or in the a99regate, thgy could asOnablY be expected to inffluence Ihe e¢onomi¢ dectsk)ns of y8eYs taken on Ihe basi8 of thesg fin8ncKql $tatements. Explanation as to what 8Xtent the auditwas considered ¢apable of Ikte¢ting Irregulorftles. tncluding fraud Wa gained an understanding of the legal and wulalory framewotk applicable to the company and the industry in which il operotes and ¢onsidered th8 risk of acts by thè company thatwete contrary to appl¥i3bk laws and regulations, indudiThg traLI. These irKludad. bjt wère not lirnited to, the Companie$ kt 2006. Charities Act 2011 and ts¥ legislabon. We evaluated managerrEnfs inontive5 and cyportunilies ¢or fraudulent m8nipulation of the fi'nancK81 statements and the financial report linduding the risk of overrid8 of conlrolsl, and deteined that the prin¢¥)al risk8 were related tc Posbng inapyopriai• entriès induding joumal$ tts Ovorslate incomg or undorstats expendSture and management bias in 8ccouDb"ng e$tim8te$. Audit procedures perfomed by the engagement t•arn induded.. di$fAJ$$trns managem8nl, iludIng considerabons ef known or 5U5P8Cted in5tanc•s of rvJn• compliance with laws and regulations and fraud, gaining an und8rs18nding of manag8menfs controls designed to prevent and dete¢t Iire9ularili88', and idenlfySng and testong loumal enIrf.
CHARLOTTE HOUSE SCHOOL UMITED INDEPENDENT AUDITORS REPORT (CONTINUED TO THE TRUSTEES OF CHARLorrE HOUSE SCHOOL LlhlTED ing to the inh&rent limitatiofts ol an audft. re is an uThavoidabk8 risk that wa may not haye dolKW som8 material misstalements in the finan¢i818tstemenls, even though we have property planned and perfomèd eur audlt In accordance wilh auditing $tandads. For examplo, Ihe futh8r r8rn0ved non<ornplAnLX Wrth bw$ 8nd regulations lirregul8rib8$1 Is from the events and transaclon5 r•floCtod In tho finanaal $tstsmenls, the less likely Ihe inherenly limited procedu¥88 r8quir8d by audrtiryj standards would enty'ty IL In addthon. as wfth any aud. there remained risk of non-dele¢tion of Yre9ularilk85, as th•5e rnay involve ¢ollu$i¢)n. forgery, Intent omissions. m15represontations, or th• overrYJ& of intsmal controls. We are not respons1J lor prwenting non- Complian and cannot be expected to dete¢t nonMpln¢•th all laws and re9ulalon8. A description of our spOnSibl118 B availab tsn linanchl reportsng ¢wncil'8 websitB at." .111.frL0r uklauditorsies nsibilit$. Thi$ descripts.on fomi8 Port of our auditorf$ pOrt LI01 ourr•port This report is made 501gly to the charity's tNstee$. a$ a boty, in accordarKe with part 4 of the Charit5 (Accounts and Reports) R¢9ulations 2008. Our audit work has been undertaken sp that we Might state to the charitys trust$ those marters we a required to state to them in an audrtor'$ report and for no other purpose. To the fullest extent pernitted by law, w8 do not accept or assume responsknilty to anyone other than the charty and the charity's tru$t¢o$ a& a boty, for our audit woth, fcr this report. or f¢r the opinions we ha fOed. Krtsu Johnson ACA FCCA CTA Isenior Statutory Audltor) forand on b•t)alf of H¥d¢•s¢lg Burton LLP Chartered A¢¢ountants Statutory Auditor 01 May 2024 Lake Hou$e Mathet Hlll Royston SG8SJN Hardwtb Bwlon LLP is al1e for apwinknent a8 auditor of the charity by Mrtue ol its elvjibility for appDintm•Tht 88 alitOr of a company unders*cUon 1212 of th• Compani98 A¢t 2006 io
CHARLOThE HOUSE SCHOOL LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING114COME AND EXPENDITURE ACCOUNT Unr•strlci•d funds 2023 RgStwl¢t•d fvnd5 2023 To101 2023 Total 2022 Incom• from: Grants. Donations LegAues CharitabFe 8cti¥AIOes 1,490 1,435,557 1,490 1,435,557 5.458 1.481,775 Totsl Incomo 1437,047 1.437 047 1487 233 Expendliurn on: 1,4e1,189 1,300 1.462,489 1.445.212 Totsl *xpondltur• 1461 189 1462 489 1445 212 Net movwn•nt in funds 124,1421 11.3001 125.4421 42.021 Fund$ ot 1 September 2022 1.754.988 8.251 1,763,239 1,721,218 Fvnds at 31 Augu8t 2D23 1.737 797 1763.239 Th¢ stalgment of finan27 actnI.6S indudes all gans and IDsses reccgnised in the year. All income and expendilure derived from ¢OnlUlng a¢lNiUes. The statement of fin8ncial aclniiti8s also ccffipli8S Wrth the requirernents fov an Income ard expenditu account underthe Companies Act 2006. li
CHARLOTTE HOUSE SCHOOL LIMITED BALANCE SHEET 2023 2022 Not•s Flxod ass•ts Tangible assets 1.475,7 1,541,157 Current assots Debtors Czsh at bank and in hsnd 17,041 514,774 531,815 23,277 486,018 509,295 Creditorn: •mounts lalllng due wrthln on• y•ar 1289,7441 1287,2131 Net Clmni assets Total as$ots l•$$ cwrent Ilabllltlos 262.071 1,737.797 222.082 1.763,239 In¢omefun Restrided fund$ Unrestrlcted fvnds e.951 8,251 1,754 988 1 763 239 1737.797 Th8 company is entrfed to tho •x•mptK)n from Ihe audit r8quireffl•nt contained in section 477 of the Compani A¢t 2006. for the year endBd 31 Augusi 2023, athou9h an audlt h88 been carried out und•r $0("on 144 of the Charibes Act 2011. The direclots adIn0edge their re8portsibitv6 for cornptying With the requlrements of thg Cornpanies Act 20Cfj with resw to aceountin9 records and Ihe preparation of financrol statements. Thè members hovo nol requir8d fh8 cornpany to obtaln an audtt r)f its financial statement5 under the requirements of th? Compar5k•s Act 2006, fr)rthe year In quesOoTh in aoran¢e w¢th sédion 476, These fmancial slalerrEnts have been prepared in accordance wtlh the prtsvi5ions aJ)pllcabk to ¢paniO5 $ubjKtto the small companies regina. The financial sialemonts w&re approved by IIK? tnjstses on. Mrs R8ad8r Trust•• 12
Company gIstratIOn number 00912022 CHARLorrE HOUSE SCHOOL LIMITED STATEMENT OF CASH FLOWS 2D13 Not Cash flows opw•tlno a¢tlvltl•s Cash gen&rated from yrations 14 28,756 104,252 Inv¢sting activiti Purchase of tangie fixed 8S8ets 133.2441 N•1 ush u$•d in imT•sting IVItIeS 133,2441 Nel eash used In flnanclng actlvltl•s Net Irea9* In ¢o$h •nfl cash 1¥ants 28,756 71,(M)8 ¢a8h and cash equfvalents al beginning of year 488,018 415.010 Cash and tAsh •qvalents at end ofyeor 514.774 486,018 13
CHARLOThE PIOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS Ac¢ountkng polld•8 Charlty Infonnatlon Charlotte House Sthool Limw Is a privatè ¢oryany Iimiw by guarantee incorporated In England and Wdes. The regiBter8d offic8 is 88 The Drne, Rickmansworth, Herts, 4CJU. Accoundng Conventlon The finCial statements have beèn prepared in &corilanc wllh the charftys hknorandum and A.¢18$ ol Associatson, the Cornpan$ Act 2Th16 8nd 'AccountiThJ and Reporting by Chants$.' Ststement of Recommended Practice appl to Charit5 preparfng their accounts in accordantt with the Financial RepJiting Standard In Ihe UK and Republic of IrèLand IFRS 1021" la$ ended fer accounting P8ri0ds comnClng from 1 January 20191. th8rity a Public Ben8fit Entty as defined ty FRS 102. Tho flnandal statsm•nts Ppad in sterfing, whKh is th• functional ¢urrency of the charity. Monet8ry amounts in ffinanC Statements rounded to the nearest£. The financial sialements hav• been prepared under the his10ral eost COnntIon. Th? principal 8c¢ountsng polic5 adopied are set out bel¢)w. Golng Conrn At the th.me of approvin9 the financial slaternents, the ttystees have a rea$onabk expectstion thgt the chanty has Sdtquata resources to ¢onlnu8 in op2rational existence for the foreseek futura. Thus, the trustees ¢ontinue tg adopt the going concem ba515 ¢>f atrtsuAting th ePari1V Ihe ffinancial $tatements. Chariiabh Funds Unrestricted funds are 8V8ilable ftrr usè at the dlscretfon of the tTtJst8es in lurthèrance of thoSr charitable objectlves unless the funds have been deslgnate(I for other purposes. Reslricted funds are subject 10 5pecffK condillons by donors as to how they may be used. The oSe$ and uses of Ih8 r85trict•d fund$ ar• $•t out In the notes to th8 financsal ststernents. In¢om? Incryne is reco9nised when the charity 15 9411Y entIt to it after any Ferformance conditions have been met, Ihe amounls &qn b8 measured r•liabty. artd ot is probable that incarna will be red. Cash don8tion$ 8re recogni58d on receipt. Othei donatK)n$ a rewni$gJ oncè Ihè tharity ha$ been nob.fied of th? donation unsS Ferfomanr n(lIOI require deferral of lh8 amount. Income lax r•¢ovorable In relats.on lo donatio recsived under Gift or deed$ of ¢wenant 1$ recognised at the time of the donation. Lega are COgnISed on recglpt or OtherWe rftt charity has l)8en rKtMed of an inpendiThJ thstrilt>Tr. Ihe amount ts known, and receipt 8XP8Cted. 11 Ihe amount 16 not krvJwTh, the 18gacy is Irè8tsd as a eonts'ngent asset. Assets It distribution a recognised onty when distribut. A55ets given for use by Ihe chaiity are r8cognknd when reNab. S¢ock$ of undi8tiibut8d donated goLxls are n¢+t valued for baknc4 sheet purpDses. Gov8mment gran15 fEl8ting to wenue a COgnIs•d in ints)me M a systematic basls over the pèriods in which th8 entity recognise$ the related ¢o$ts for whKh the grant is intended to compensats. Turnover 15 méasured at the fair valu¢ of the consideration received e* rfvable and represents amounts rec8ivabfe for goods and services provided in the norrnal Cou• of buslness, ot Iti$counts, VAT and other sakn related tsxes. 14
CHARLorrE HOUSE SCHOOL LWITED NOTES TO THE FINANCIAL STATEMENTS ICOMTINUEDI AoUnn9 pollcl8S Icontinuedl Expendlturo Expenditure is recognised on an accruals basis 45 a liabilty k% incurred. Expenditure Indudes anyVAT which ¢annot be recovered, and Y6 da5sified uThJ8r headngs of the statement of financi818¢twtrs to which it r•lale$'. • 8xpgnditUf8 on r8i5ing funds includes the costs olail fraISing acl'vitse$, 8v•nts, n0charabl• trading actiwt8. aftd the sale of donatsd goodB. • eXndItUre on ¢haritabl• actlvltw Indu#es all costs incurr8d by a charity in undertaklng a¢tiwlles tha¢ further its tharitablè aims for tha bonerrt of fts ben&ftiar$, induding those support Costs and ¢08ts laIng to Ihe gov8mance of the charlty 8ppoithoned to charitable athibes. other eynditure indudes all expendilure that is rfthtr related to r8ising fvnd5 lor the charity nor part of its èxp&nditure on charitab16 actlwlies. I costs are alocated to exppndrture catggorio5 ro11octin9 Ihe uso of the reswfce. Thr9¢1 ¢o$ts attributablo to a singk activty are allocated directy to that actlvity. Shared ¢osts are apportloned beSen th8 aC'VitIeS they contribute to on a reasonab. Justnlable, and censistent basls. Tanglble flxed assets Tangible fixed assets are 1nfft.aly measured al cost gThY subsequanty measured at C05t, net of dePcIatIOn aThJ any impairm•nl k)ss•s. D8proclatlon is Cognised $0 a$ to wrfte off Ihg ¢ost of asse1$ I•s$ t1 rèsidual values over thelr useful live5 on the fellowlng bases.. Bulldings Fixture5, flttings & quipment Motor vehicle 2% on cost reduang balan 10 years Straight line The gain or loss aiising on the di$posal of an asset is d8t8rmined a5 the diff8rence beknn tha $al8 proceeds 8n¢ the Carrying value of tha asset and is recognKsed in the 5tatementof finan¢lal aclivthes. Impaimi•nt ofllx•d I$ts At each rEporbng end date. the Charity revivws the carrying amounts of its trngib assets to dettmiine whether there 15 any iTrliCalJn thal Ihos• assets have 5uHeod an impèim)eTht Ioss. W 8ny suth indication exi8ts. the recover&1 amount of the asset i¥ estimated in order to detemine Ihe extant of the impsinI loss Ilf 8nyl. Ca$h and cash equlvalents Cash and cash equivaleThl$ in¢lutle ¢a$h in hand. deposit5 held at call with baftks. other $hort-l¢rm liquid fftvestments with orwjinal Matt$ of Ihree moThth8 or less, and bank overdrafts. Flnancial Instrumonts The tharity has elected to appty the p[Dsens of 11 BasK Financ1 Inslrum8nts' and Section 12 'Other Fin8nci81 Instrurnents Issue5. of FRS 102 to all its fjnancial instruments. Financlal Sn$truments aro rwnisgd in the ¢harity'8 balance she8t when lh8 chanty b&Me$ party lo thg Contrac81 provL8lon6 of the Inslnjment. Financial a$set$ and liabilfties a offset, wilh the net amounts presented in th8 financial 51aiements. when there is 8 legally enforceab right to set off the cogniSed amount5 and Ihere Is an intention to Strtt on t ba$1$ orto rgalise asset and settb the lablity mUNaOuy. 15
CHARLOTTE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI A¢¢ountlng poll¢hs IContinu•dl Basic financial assets Bas fin8ntial a8sets. whi¢h indude dèbiors and cash and bank b818nces. are initially m8sumd at Iran$adion price In¢luding transaction costs and are 5ubsequenlly carried at amorted cost using the effective interest mèthod unl8S$ the arrangernenl ccnsbtutes a financing Iransatlh)n. Whe Ihe trarsaction is mèasur•d at thè pwsenl valu? of the future r8c8ipts dlscounted at a matk•t rat• of intswt Finanual ass8ts dass+fd as recéfvab within ¢ne year8re not amorbsed. knpalmi•nt of flnanclal assets Fin&ntial a$s•ts, other than Ihose hold at fair value Ihrough income and expenditu. are assessed for indica¢ors of impaimRnt at each reporting date. Flnancial 8$sels are impaired where there 1$ objective idence that, as a r8sutt of one or more events that o¢caJrred after Ihè Inltd of tho financk71 ossel, the estimated flrture c8sh flows hawe been affected. Ir an 8sset is impaired, Ihe Impalnrnt lo$$ 1$ the drff•rèn¢t bots0n th• carrylng amount and the present value of Ihe e5timaled cash flows dls¢ounte¢J at orkJinal effective interest rate. The impatrmenl 1058 18 recognised in net income1lexpendiluI fer the year. If therts Is a decrease In thg Impaim*nt loss arising from ari event oeLurring after Ihe impairm•ni was reccgnised, the irnpaim)ent Is reversed. The reversal v8 such that tho ¢ufTenl camiing amount does not exceed what the Earrylng amount wovkj have been, had the impainrÉnt not previousty been re¢ognl$ed. The inpairnent revarsal 1$ r8¢ognlsed Sn net incomellexpendilurel for Ihe year. Dèrecognmon offinan¢lal 0$$¢¢$ Fin8nual assets arè dow¢o9nk$8d only whgn tho contracbjal rbahts to the eash fijws frcffl tho wet expire or re setded, or whon the ¢harity transfers the financial 888et and sub5tantlally all the rfsks and rewards of ownership to another entity, or if some 5ignrficant risks ond WardS of ownership are rètalned but conbDI of the assgt has trans18rr8d to anothor party that is able to sell the a$set in it8 entirety to an vNelat&l third party. 8è8lc flnanctal Ilabllltkns Basic financial liabilitie5, including creditorn and bank loan& are inilialty rètsjgnlsèd at transactbn p¢8 unless Ihe arrangement constitutes a financing transactlon. where the deb¢ inslrurnent i¥ measurtd at the present value of th6 lulU payments discounted at a rnaVKel ralo of intWo$1. Finanual liabili.85 cla5sifRd as payable wfthSn one year are not amorU&ed. Debt instruments are subsequenty tarried at amorti8ed c05t using the effecti¥e Interest rats methoj. Trade ¢reditors are obligab"on$ to pay for good5 or s8rvicè5 that have been acquired In the ordinary covrs• ol operatn5 suppliers. Amounts payabb are dassrfied as curr8nt liabilibtss rf payment 1$ du¢ within onè year or 5. If not. they a presented as non-current liabilities. TradB creditors art rewni5gd initlalty at Ir8ns8ction pric8 subwuènlly measure¢l at amorbsed cost using the effecbve interest method. DcOgnItIon of flnanclal Ilabllliles Financial liablliks are dereco9nised whgn the ¢haritys contractual obligaliofis expire or are discharged or cance18d. 1.10 Employw bonofils The cost ol any unusod holiday gnts"tkment is recognised In the period in whkh Iho •mployee's servic85 are rèceNed. Terniinatn benefits are recognised immEdiatdy as an expense when the tharity is demon$tIY commrtted to tem)inat¢ tho omploymenl ol an empbyee orio provido tenninalion benefits. 16
CHARLOTTE HOUSE SCHOOL UMITED NOTES TO THE FINANCIAL STATEMENTS ICONTIMUEDI A¢¢L)untlng poll¢les Icontlnuedl 1.11 Retlr8m8nl t4nefi Payments to defjngd ¢ontribuw retirèmènt n0frf( $¢heme8 are charged a8 an expense 8s Ih8y fall due. The school contributts towards th• Tea(ots' Pen$lon Schwne I'TPS'I whh Is a defined teneffitscherne. The TPS an unfvndtd 5cherne and ¢onlrlbution$ a (•l¢utsd lo spread the cost ol pen&iDns over empbytes, wol<ing INes wrth Ihe school in Such a way that the pension cost 15 8 sub$tsntialty lev81 perinlage of current and fLrture pensionable payroll. The ccntributions are detemiined by the Govemment ActU8ry b8S8d on guadr•nnlal volualions using a prospecti% unil credit method. TPS 15 an unfunded multremoYer $theme with no underfw.ng assets to asslgn behvaen 8mployer5. Con58qu•nty. th• TPS 1$ tréated a$ a defined Contribut)n scheme for #ccounkn'ng purw$es and Ihe conlributson$ reCognd in th• period to whKh they rdalfr. Grants. donations and IDgac5 Vnrnstri¢t•d Unrestricted nds 2023 2022 Donation8 and glts 1,491 5,458 1,491 5.458 charitabartI18$- incomt 2023 2022 School and registration f48s oth6r8dats0nal income 1.413.491 22,066 1,462,876 18.899 1,435,557 1,481,775 17
CHARLorrE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI ¢hadWJle advltles Support ¢osts A¢tlvltl•s ertak¢n directty Total 2023 Total 2022 Staff costs D8preciation MaintenCe Rates & Lrtiliti8S Bursar$ & di8counts S¢hool books & consurnables Sub$cripbons Insurnnce Bad debts 232,637 815,179 65.430 118,775 22,812 78,51 14,288 6,857 24,311 1,047,816 85,430 118,775 22.812 78.550 14.288 6.857 24.311 1.042,116 65,562 119,615 25,124 71.365 18.212 e.719 18,532 1.e38 1,368.883 63,609 12.720 232.637 86.850 1,146,202 1.378.839 General support Costs Govemance ¢osts 66,850 329,776 1,132,713 1,462.489 1.445,212 Included In geMne$ $ts abovo aro aud0¢$ rwnwralion for audrt of 210,800 12022.. £8.1001 and non-audit servi9 of £Tril12022'. £5,0001 Anaty81s by fvnd unstricted fijnds Restricd fvJnd¥ 329,776 1.t31.413 1.30) 1,132,713 1,461,189 1,300 1,462,489 For lh• y•ar•nd•d 31 August 2022 Unro$triEtsd luThJ$ R&51llcted funds 329,778 283.320 1,160,598 1,294 1,161,892 1,443.918 1,294 1,445,212 283.320 None ol the trustee5 lor arby per50n5 ojnnected with them) reeLNed any remuneration or bon¢fits from thE charty during th¢ year. Tha trustè8S' èXF4nsès raimburs8d by 6choe4 In tho yoar am¢Junts tC+£nl12022- £nlll 18
CHARLOTTE HOUSE SCHOOL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
6 Employees
| Number of employees The average monthly number of employees during the year was: Teaching staff Domestic staff Administration staff Assistant staff Kitchen staff Employment costs Wages and salaries Social security costs Other pension costs |
2023 Number 14 1 5 6 3 29 2023 £ 821,414 75,887 137,026 1,034,327 |
2022 Number 15 1 4 7 3 |
|---|---|---|
| 30 | ||
| 2022 £ 825,225 76,756 140,135 |
||
| 1,042,116 |
The number of employees whose annal remuneration was £60,000 or more were:
| 2023 | 2022 | ||
|---|---|---|---|
| Number | Number | ||
| £70,000 | - £80,000 | 1 | 1 |
19
CHARLOTTE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) Tangits fix•d assets Buildings Ftttures. rittin9s & equipment motorV•h1e Total Cost Al 1 September 2022 Addition5 2,122.388 839.649 30,820 2,792,855 At 31 August 2023 2,122,388 639.648 30,820 2,792.855 Oepreclatbon At 1 September 2022 Ogpreaabon char in the year At 31 August 2023 903.075 32,116 337,322 30.233 11.301 3,082 1,251,698 65,431 935.191 367,555 14,383 1,317,129 Carrylng amount At 31 August 2023 1,187,195 272.094 16,437 1.475,726 At 31 ¥$1 2022 1.219.311 302,327 19,519 1,541,157 Oebtors Amount$ faltng due wtthln one ywr.. 2023 2022 Trad¢ dèbtors other debtors Prepiymènts and acuuod incomo 2,371 710 13,960 17,041 6,366 475 16.436 23.277 Credlto Amounts falllng due wlthln ong year.. 2023 X122 Other taxabcn and social $o¢urity Trade credltors other ¢dItOrS Accruals and deferred Inme 20.601 70.432 5.162 173.549 19,689 218.966 4,998 43,560 287,213 269.744 20
CHARLOTfE HOUSE SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI Retlrernent bonofil 5¢h•mts Tea¢hers' Penslon S¢hgm• The school partKipar•$ in lh• T•a¢hèrs' P•nsitrn S¢h•m• Errfjland and wa ITPSI. for a¢a¢eM and related $taff. Introductlon The Teachers, Pension S¢hemg ITPSI is ¥ ststulory, contrlbutory, defiw benefit scheme. governed by the Teachers, Ponsion S¢homo Rggulatlons 2014. Membershlp 1$ automall¢forteach8rs in acadern. AJI tèachers have the Op0 to opl-out of th8 TPS followlng enrolmonl. The TPS is an unfunthd 5chem8 to which both the member and employei mak85 contributions. as a porcenta ol Salary - the ¢ontribulions aro cr¢ditod to Ex¢hwuor. R•tlr•menl and other pension benefits are pakl by Publ funds provhjed by Partiament. Valuatlon ofthe Teachers, Penslon sCme Thg Gov6mmonl Actuary, usin9 nonnal actuarial priiwlès, eonducts 8 formd acluaiial rwow ol Ihe TPS In a¢cordan¢e wrth the pu1¢ Semce Pen$ioTrs IValuation8 aThJ Employer Cost Capl DCtionS 2014 publi5hEd by HM Treasury every 4 years. The aim of the revw is lo specify the level of future contributions. Actuarial 5cherne valuations are dendent on assumptK•ns about Ihe valu• of futur• to$ts. dosgn of benefits and many oth¢r factors. Th8 latest aciuarial valuation of th¢ TPS was carri8d out at 30 September 2020. Th8 valuation port was putlished by the Departrnent for EthJcaln on 30 0¢tOr 2023. This valuation showed a85ets of £800.3m, liabilrties cf £831.9m and a defirAt of £31.6m. To eliminate this fundin9 $hortfall, th Trustee has asked the participating employers to pay 8ddititsn81 conlribubons to the scheme of £3,312,000 per annum. Th1$ 1$ payable moNhly Irom 1 April 2022 to January 2023 and increases by 30/0 e8ch on 1rt pril. The nextvaKJats"on resull 18 due to be implemented from 1 April 2024. A copy ofth8 valuation report and supporbng documentation is on the Teacherg Pension wetsit•. Underthe definition5 set out In FRS 102. the TPS 1$ a multi-errployer pension sthtsm. The charty ha accounted for its contrbutK)ns to the scheme a$ if it werE a deffined cwttoulion scheme. The charity ha$ Set out abjve the inferrnabon available on the sch8rne. Non4¥¢hrs' Ptnslon S¢hem The school also contributes to defined contribution schernes on behalf of its other Staff. Employef costs ¢ontribu¢od lo th•$• s¢hem•$ amounted lo £27,17312022". £9,318). 21
CHARLOThE HOUSE SCHOOL LIMrrED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 11 Restrfcted fund$ The income funds of the Chanty Indude restrKted funds comprfsiThJ th8 following un8XP8Tr1ed bakrK$ of don8tion8 and grants h81d trust1 spectfic purp0s6S'. B•l¥mce •t 1 Sfjpthnbqr 2D21 Baanc• at 31 Augu#t 2023 S•pt•mber 2022 Donations spe¢fficaMy tor minfous 9.545 1.294 8.251 1,300 6.951 12 Any$l$ of n•taM•t$ b&0n fvnd8 lknrHtrtsd R•strfctod fundl 20 Tot Unrn4tsiC*d R•sirf¢i•d funds Totsl 2022 2021 2022 2022 FuThl balance8 at 31 JgUst are represented by.. Tang assets cUrrt assets 1,468.775 262,071 6.951 1,47S.726 282,071 1,532,9C6 222,082 8,251 1.541.157 222.082 1,730,848 1737 797 1.754.988 8,251 1,763 239 13 Rolat•d party tran$a¢tlons There We no oSable relgted party transactions during the ye8r12022- non81 14 CaBh generated from operatlons 2023 2022 IdEficit)15ufF4us for t year Adjustsnents for.. Depreciation of tangiblefixed a$sots 125,4421 42,020 65,431 65.562 Do¢r•a$ollk)croasèI in dobtors 6,237 18.8291 ID&creaselllncrease in credrtors 17.470 5,499 Cash ggnerated from op•ration$ 28.758 15 Analysls of charges Sn net funds Tha charity had no dobl during th• y•ar. 22