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|||PAGE|
|---|---|---|
|GOVERNORS'
REPORT (INCORPORATING|STRATEGIC REPORT)||
|STATEMENT OF GOVERNORS'
RESPONSIBILITIES||13|
|INDEPENDENT AUDITOR'S REPORT||14|
|STATEMENT OF FINANCIAL ACTIVITIES||17|
|BALANCE SHEET||18|
|CASH FLOW STATEMENT||19|
|NOTES TO THE FINANCIAL STATEMENTS||20|
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||||||
|---|---|---|---|---|
|Governors|||Ms H Regan (Chairman)||
||||Mrs
L Keating (Deputy Chairman)||
||||Mr A 1 Cawthorne||
||||Mr A W G Ford||
||||Mrs 1 Ginger||
||||Mrs C Hargrove||
||||Mr R Khiroya||
||||Mrs
N Moola||
||||Mr G L Palin||
||||Dr K V Young||
|Headmaster|||1 Gray||
|Bursar|||M Honeybourne||
|Company|number||00678091||
|Charity number|||311076||
|Registered|office and principal|address|York House School||
||||Sarratt Road||
||||Croxley Green||
||||Rickmansworth||
||||WD34 4LW||
|Auditors|||Haysmacintyre|LLP|
||||10Queen Street Place||
||||London||
||||EC4R 1AG||
|Bankers|||HS8C 8ank pic||
||||73 High Street||
||||Watford||
||||Hertfordshire||
||||WD17 2DS||
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|||Notes|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|2023|2022|
||||||f|f|
|INCOME FROM:|||||||
|Investments|||3||3||
|Charitable
activities||6|5,668,386||5,668,386|5,446,635|
|Total income|||5,668,389||5,668,389|5,446,635|
|EXPENDITURE ON:|||||||
|Raising funds|||180,676||180,676|109,508|
|Charitable
activities|||5,447,818||5,447,818|5,237,752|
|Total expenditure||7|5,628,494||5,628,494|5,347,260|
|Net income for the year / net movement||in|39,895||39,895|99,375|
|funds|||||||
|Fund balances brought|forward||4,320,112||4,320,112|4,220,737|
|Fund balances carried|forward||4,360,007||4,360,007|4,320,112|
##
|||Notes|2023||2022||
|---|---|---|---|---|---|---|
|FIXED ASSETS|||||||
|Tangible Assets||||8,370,091||8,422,929|
|CURRENT ASSETS|||||||
|Debtors||10|361,985||140,519||
|Cash at bank and in|hand||382,428||168,039||
||||744,413||308,558||
|CURRENT LIABILITIES|||||||
|Creditors due within|one year||(1,347,065)||(1,011,854)||
|NET CURRENT ASSETS/(LIABILITIES)||||(602,652)||(703,296)|
|TOTAL ASSETS LESSCURRENT LIABILITIES||||7,767,439||7,719,633|
|LONG TERM LIABILITIES|||||||
|Creditors due after one year||12||(3,407,432)||(3,399,521)|
|NET ASSETS||||4,360,007||4,320,112|
|REPRESENTED BY:||||4,360,007||4,320,112|
|Unrestricted
genera|I funds|||4,360,007||4,320,112|
##
|||||||Notes||2023||2022|
|---|---|---|---|---|---|---|---|---|---|---|
|Cash flows from operating||activities:|||||||||
|Net income/expenditure|for the year|||||||39,895||99,375|
|Adjustments
for:|||||||||||
|Depreciation
charges||||||||269,487||259,540|
|Interest
paid on loan||||||||180,065||107,240|
|Loss on disposal||||||||333|||
|(Increase)/
Decrease
in debtors||||||||(221,466)||(23,151)|
|Increase/(Decrease)
in creditors||||||||481,816||(603,677)|
|Net cash provided
by/(used||in) operating|||activities||||750,130|(160,673)|
|Cash flows from investing||activities:|||||||||
|Purchase oftangible fixed|assets|||||||(216,983)||(391,731)|
|Net cash provided
by/(used||in) investing||activities|||||(216,983)|(391,731)|
|Cash flows from financing||activities:|||||||||
|Interest
paid on loan||||||||(180,065)||(107,240)|
|Repayments
of borrowing||||||||(138,693)||(36,444)|
|Draw down of loan||||||||||669,309|
|Net cash provided
by/(used||in) financing||activities|||||(318,758)|525,625|
|Change
in cash and cash equivalents|||in the||year||||214,389|(26,779)|
|Cash and cash equivalents||at the beginning|||ofthe|year|||168,039|194,818|
|Cash and cash equivalents||at the end|of|the year|||||382,428|168,039|
|Analysis ofcash and cash|equivalents||||||||||
|Cash at bank and
in hand|||||||||382,428|168,039|
|Total cash and cash equivalents|||||||||382,428|168,039|
|Analysis ofchanges
in net debt|||||||||||
|||||At 1September
2022|||Cash flows||Non-cash
movement|At 31August 2023|
|||||E|||||E||
|Cash and cash equivalents|||||||||||
|Cash||||||168,039||214,389||382,428|
|||||||168,039||214,389||382,428|
|Borrowing s|||||||||||
|Debt due within one year||||||(148,033)||138,693|(132,367)|(141,707)|
|Debt due after one year||||||(3,055,522)|||132,367|(2,923,155)|
|||||||(3,203,555)||138,693||(3,064,862)|
|Total||||||(3,035,516)||353,082||(2,682,434)|
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|4 NET INCOME/(EXPENDITURE)||||
|---|---|---|---|
|This is stated after charging:||2023|2022|
|||E|E|
|Operating
lease payments||90,949|88,624|
|Depreciation||269,487|259,540|
|Auditors'
remuneration
-audit services||15,040|13,000|
|Auditors'
remuneration
—non-audit|services|1,760|1,600|
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|||TOTAL|TOTAL|
|---|---|---|---|
|||2023|2022|
|||E|E|
|Gross school fees||5,690,047|5,487,032|
|less bursaries
and allowances||(257,754)|(286,304)|
|Net school|fees|5,432,293|5,200,728|
|Add:||||
|Registration|fees|8,900|12,600|
|Fees in lieu|of notice|10,690|10,328|
|Extras income||14,355|19,585|
|Other ancillary income||91,837|41,104|
|Recharged|income|110,311|162,290|
|||5,668,386|5,446,635|
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|7|ANALYSIS|OF EXPENDITURE|OF EXPENDITURE||||||
|---|---|---|---|---|---|---|---|---|
|||||Staff|Depreciation|Other|Total|Total|
|||||Costs||costs|2023|2022|
|||||E|E|E|E|E|
||Cost of raising funds:||||||||
||Financing|costs||||180,676|180,676|109,508|
||Total cost|of raising funds||||180,676|180,676|109,508|
||Charitable|expenditure|||||||
||Education||||||||
||Teaching|||3,013,336|89,314|314,130|3,416,780|3,259,829|
||Welfare|||||378,382|378,382|332,636|
||Premises|||111,135|180,173|617,175|908,483|781,010|
||Support and governance|||425,285||316,661|741,946|864,277|
||Total charitable||expenditure|3,549,755|269,487|1,626,349|5,445,592|5,237,752|
||Total expenditure|||3,549,755|269,487|1,807,026|5,626,268|5,347,260|
|Analysis|ofsupport and|governance|governance|costs:|costs:|2023|2022|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Governance
costs:||||||||
|Auditors|remuneration|for audit services||||15,040|13,000|
|Total governance
costs||||||15,040|13,000|
|Support|costs:|||||||
|Auditors'|remuneration|for non-audit||services||1,760|1,600|
|Support|staff wages, national||insurance||and pension|425,285|374,691|
|Other support costs||||||314,901|487,986|
|||||||741,946|864,277|
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|time equivalent|employees
during the year was:|||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|Teaching||61|64|
|Premises||4|5|
|Support||9|10|
|||74|79|
|The aggregate|payroll costs for the year were as follows:|||
|||2023|2022|
|||E|E|
|Wages and salaries||2,810,538|2,628,783|
|Social security|costs|297,780|284,449|
|Pension costs||441,438|483,704|
|||3,549,755|3,396,936|
||2023||2022||
|---|---|---|---|---|
||Number||Number||
|E60,000 - E69,999||2||1|
|E70,000 - E79,999||1||1|
|E110,000 - E119,999|||||
|E130,000 —E139,999|||||
|benefits
were:|schem|es.
C|ontributions|payable
by the|company
to|those schemes
fo|r higher
p|aid|employ|ees|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2023||2022||
||||||||E||E||
|Defined benefits schemes|||||||47,582||49,438||
||||||||47,582||49,438||
|The key|management||personnel|of the school|are detailed|in the Governors'|Report|and|Legal|and|
|Administra|tive|Information.|||||||||
||||||||2023||2022||
||||||||E||E||
|Aggregate|employee||benefits of|key management|personnel||546,334||534,834||
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|9|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|---|---|
|||||Freehold|Fixtures &|Total|
|||||Property|Fittings||
|||||E|E||
||Cost||||||
||At 1September 2022|||9,017,541|1,497,895|10,515,436|
||Additions|||82,647|134,336|216,983|
||Disposals||||(774)|(774)|
||At 31August|2023||9,100,188|1,631,457|10,731,645|
||Depreciation||||||
||At 1September 2022|||1,382,105|710,403|2,092,508|
||Charge for year|||180,173|89,314|269,487|
||Accumulated|depreciation|on disposals||(441)|(441)|
||At 31August|2023||1,562,278|799,276|2,361,554|
||Net Book Value||||||
||At 31August|2023||7,537,909|832,181|8,370,091|
||At 31August|2022||7,635,436|787,493|8,422,929|
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|10|DEBTORS||||
|---|---|---|---|---|
||||2023|2022|
||||E|E|
||Trade debtors||250,095|81,019|
||Prepayments|and accrued income|60,288|53,698|
||Other debtors||51,602|5,802|
||||361,985|140,519|
|11|CREDITORS: due within one year||||
||||2023|2022|
||||E|E|
||Bank loan (see note 14)||141,707|148,033|
||Trade creditors||138,897|149,372|
||Other creditors||64,472|46,227|
||Accruals||17,306|16,260|
||Fees in Advance||913,725|571,115|
||Deposits|||8,475|
||Other taxes and social security||70,958|72,372|
||||1,347,065|1,011,854|
|Creditors: due a|fter one year|||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Deposits||212,225|184,650|
|Fees in advance|(long term)|272,052|159,349|
|Bank Loan||2,923,155|3,055,522|
|||3,407,432|3,399,521|
|13BANK LOANS|||||
|---|---|---|---|---|
||||2023|2022|
||||E|E|
|Bank loans are repayable|in capital instalments|as follows:|||
|Less than one year|||141,707|148,033|
|Between one 8 five years|||566,828|592,128|
|Over five years|||2,353,313|2,463,394|
||||3,061,848|3,203,555|
##
|At 31August 2023the company
had total commitm
operating
leases payable as follows:|ents
under non-cancellable||
|---|---|---|
||2023|2022|
||E|E|
|Within one year|81,119|88,624|
|Between one and five years|225,908|316,117|
||307,027|404,741|
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