2023-08-31-accounts - Clifton High School

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	`Pages`
`Referenceandadministrativedetailsofthecharity,itstrusteesandadvisers`	`3-4`
`Trustees’report`	`5-19`
`Independentauditor’sreport`	`20- 24`
`Statementoffinancialactivities`	`25`
`Balancesheet`	`26`
`Statementofcashflows`	`27`
`Notestothefinancialstatements`	`28- 44`

		`Unrestricted`	`Restricted`	`Endowment`	`Total`		`Total`
		`funds`	`funds`	`funds`	`funds`		`funds`
		`2023`	`2023`	`2023`	`2023`		`2022`
	`Note`	`£000`	`£000`	`£000`	`£000`		`£000`
`Incomefrom:`
`Donationsandlegacies`	`2`	`-`	`67`	`-`	`67`		`40`
`Charitableactivities:`
`Schoolfees`	`3`	`10,026`	`-`	`-`	`10,026`		`8,641`
`Othereducationalincome`	`4`	`891`	`-`	`-`	`891`		`618`
`Non-ancillaryactivities`	`5`	`74`	`-`	`-`	`74`		`59`
`Investments`	`6`	`27`	`2`	`-`	`29`		`7`
`Otherincome`	`7`	`5`	`-`	`-`	`5`		`18`
`Totalincome`		`11,023`	`69`	`-`	`11,092`		`9,383`
`Expenditureon:`
`Raisingfunds`	`8`	`130`	`-`	`-`	`130`		`113`
`Charitableactivities:`
`Schooloperatingcosts`	`8`	`10,544`	`12`	`-`	`10,556`		`8,655`
`Grantmaking`	`8`	`4`	`105`	`-`	`109`		`66`
`Totalexpenditure`		`10,678`	`117`	`-`	`10,795`		`8,834`
`Netincomebeforeinvestment`
`(losses)andtransfers`		`345`	`(48)`	`-`	`297`		`549`
`Net(losses)oninvestments`	`13`	`(21)`	`-`	`(1)`	`(22)`		`(9)`
`Netincome`		`324`	`(48)`	`(1)`	`275`		`540`
`Transfers`	`20`	`8`	`(8)`	`-`		`-`		`-`
`Netmovementinfunds`		`332`	`(56)`	`(1)`	`275`		`540`
`Reconciliationoffunds:`
`Totalfundsbroughtforward`		`7,031`	`288`	`23`	`7,342`		`6,802`
`Totalfundscarriedforward`		`7,363`	`232`	`22`	`7,617`		`7,342`

	`Note`	`£000`	`2023` `£000`	`£000`	`2022` `£000`
`Fixedassets`
`Tangibleassets` `Intangibleassets` `Investments`	`11` `12` `13`		`7,079` `275` `488` `7,842`		`6,120` `286` `138` `6,544`
`Currentassets`
`Stock` `Debtors` `Cashanddeposits`	`14` `15`	`36` `637` `2,317` `2,990`		`28` `627` `3,835` `4,490`
`Creditors:amountsfallingduewithin` `oneyear`	`16`	`(2,552)`		`(2,935)`
`Netcurrentassets`			`438`		`1,555`
`Creditors:amountsfallingdueafter` `oneyear`	`17`		`(660)`		`(754)`
`Netassets`			`7,620`		`7,345`
`CharityFunds` `Endowmentfunds` `Restrictedfunds`	`20` `20`		`22` `232`		`23` `288`
`Unrestrictedfunds` `Sharecapital` `Unrestrictedfunds` `Totalunrestrictedfunds`	`19` `20`	`3` `7,363`	`7,366`	`3` `7,031`	`7,034`
`Shareholders’andCharity’sfunds`			`7,620`		`7,345`

			`2023`		`2022`
			`£000`		`£000`
`Reconciliationofnetmovementinfundsto`
`net`	`cashflowfromoperatingactivities`
`Net`	`movementinfunds`		`275`		`540`
`Adjustmentfor:`
	`Depreciationandamortisationcharges`		`382`		`332`
	`(Profit)ondisposaloffixedassets`		`-`		`(14)`
	`Dividendsandinterestfrominvestments`		`(29)`		`(7)`
	`Interestpaid`		`36`		`10`
	`Lossesoninvestments`		`22`		`9`
	`(Increase)instocks`		`(8)`		`(9)`
	`(Increase)indebtors`		`(10)`		`(181)`
	`(Decrease)/increaseincreditors`		`(275)`		`818`
`Net`	`cashprovidedbyoperatingactivities`		`393`		`1,498`
`CASHFLOWSTATEMENT`
`Net`	`cashprovidedbyoperatingactivities`		`393`		`1,498`
`Cash`	`flowsfrominvestingactivities`
	`Dividendandinterestfrominvestments`		`17`		`7`
	`Purchaseofinvestments`		`(360)`		`-`
	`Purchaseoftangiblefixedassets`		`(1,448)`		`(1,562)`
`Net`	`Proceedsondisposaloftangiblefixedassets` `cashusedininvestingactivities`	`———`	`(1,791)`		`26` `(1,529)`
`Cash`	`flowsfromfinancingactivities`
	`Increaseinborrowings`		`-`		`850`
	`Repaymentofborrowings`		`(85)`		`(24)`
	`Interestpaid`		`(35)`		`(10)`
			`(120)`		`816`
`Changeincashandcashequivalentsinthe`
`year`			`(1,518)`		`785`
`Cash`	`andcashequivalentsbroughtforward`		`3,835`		`3,050`
`Cashandcashequivalentscarriedforward`			`2,317`		`3,835`
`RECONCILIATIONOFNETDEBT`			`Asat1`	`Cashflow`	`Asat31`
		`September`			`August`
			`2022`		`2023`
			`£’000`	`£’000`	`£’000`
`Cash`	`anddeposits`		`3,835`	`(1,518)`	`2,317`
`Borrowings`			`(829)`	`85`	`(744)`
			`3,006`	`(1,433)`	`1,573`

	`2023`	`2022`
	`£000`	`£000`
`Donationsandlegacies`	`67`	`40`
`Totalincome`	`67`	`40`

	`2023`	`2022`
	`£000`	`£000`
`TheSchool’sfeeincomecomprised`
`Grossfees`	`11,112`	`9,491`
`Less:Totalscholarships,bursariesanddiscounts`	`(1,187)`	`(907)`
	`9,925`	`8,584`
`Addback:Scholarships,bursariesandotherawardspaidforbyrestrictedfunds`	`101`	`57`
`Totalincome`	`10,026`	`8,641`

`4.`		`Othereducationalincome`
			`2023`	`2022`
			`£000`	`£000`
	`French`	`andEnglishCurriculumProgramme`	`216`	`215`
	`School`	`trips`	`345`	`120`
	`Otherancillaryincome`		`330`	`283`
			`891`	`618`
`5.`		`Non-ancillaryactivities`
			`2023`	`2022`
			`£000`	`£000`
	`Lettings`		`74`	`59`
			`74`	`59`

	`Unrestricted`	`Restricted`		`Endowment`		`Total`	`Total`
	`funds2023`	`_—_—funds2023`		`funds2023`		`funds`	`_—funds`
						`2023`	`2022`
	`£000`	`£000`		`£000`		`£000`	`£000`
`Incomefrom:`
`Incomefrominvestmentfunds`	`16`		`2`		`-`	`18`	`7`
`Interestreceivable`	`11`		`-`		`-`	`11`	`-`
`Totalincome`	`27`		`2`		`-`	`29`	`7`
`Total2022`	`4`		`3`		`-`	`7`

		`2023`	`2022`
		`£000`	`£000`
`Grant`	`income`	`5`	`4`
`Profit`	`ondisposaloffixedassets`	`-`	`14`
`Sundry`	`income`	`5`	`-`
		`5`	`18`

`8.` `Analysisofexpenditure`
	`Staffcosts`		`Depreciation`		`Othercosts`	`Total`	`Total`
			`and`
			`amortisation`
	`2023`		`2023`		`2023`	`2023`	`2022`
	`£000`		`£000`		`£000`	`£000`	`£000`
`Developmentoffice`	`96`			`-`	`16`	`112`	`91`
`Tradingcosts`		`-`		`-`	`18`	`18`	`22`
`Costsofraisingfunds`	`96`			`-`	`34`	`130`	`113`
`Teaching`	`5,380`			`-`	`1,122`	`6,502`	`5,255`
`Welfare`	`320`			`-`	`304`	`624`	`437`
`Premises`	`269`		`382`		`1,123`	`1,774`	`1,584`
`Supportcosts`	`802`			`-`	`834`	`1,636`	`1,365`
`Governancecosts`		`-`		`-`	`20`	`20`	`14`
`Grants,prizesandawards`		`-`		`-`	`109`	`109`	`66`
`Charitableactivities`	`6,771`		`382`		`3,512`	`10,665`	`8,721`
`Total2023`	`6,867`		`382`		`3,546`	`10,795`	`8,834`
`Total2022`	`5,639`		`332`		`2,863`	`8,834`
`Governancecostsinclude:`						`2023`	`2022`
						`£000`	`£000`
`Auditor'sremuneration— inrespectofyear`						`20`	`14`
						`20`	`14`

	`2023`	`2022`
	`£000`	`£000`
`Depreciationoftangiblefixedassets:`
`-` `Ownedbythecharity`	`371`	`321`
`Amortisationofintangiblefixedassets`	`11`	`11`
`Operatingleaserentals— plantandmachinery`	`70`	`40`
`Auditor’sremuneration- audit`	`20`	`14`

		`2023`	`2022`
		`£000`	`£000`
`Wages`	`andsalaries`	`5,388`	`4,407`
`Social`	`securitycosts`	`535`	`443`
`Other`	`pensioncosts`	`944`	`789`
		`6,867`	`5,639`

	`2023`	`2022`
	`No.`	`No.`
`Teaching`	`91`	`81`
`Other`	`82`	`68`
	`173`	`149`

				`2023`	`2022`
				`No.`	`No.`
`In`	`theband£60,001`	`-`	`£70,000`	`4`	`3`
`In`	`theband£70,001`	`-`	`£80,000`	`4`	`1`
`In`	`theband£80,001`	`-`	`£90,000`	`-`	`-`
`In`	`theband£110,001`		`-£120,000`		`1`
`in`	`theband£160,001`		`-£170,000`	`1`	`-`

	`Freehold`	`Fixtures,`	`Assets`		`Total`
	`landand`	`__fittings& IT`	`under`
	`buildings`	`equipment`	`construction`
	`£000`	`£000`	`£000`		`£000`
`Cost`
`At1 September2022`	`6,651`	`1,366`	`850`		`8,867`
`Additions`	`100`	`278`	`952`		`1,330`
`Disposals`	`(15)`	`(26)`		`-`	`(41)`
`Transfersoncompletion`	`1,781`	`21`	`(1,802)`			`-`
`At31August2023`	`8,517`	`1,639`		`-`	`10,156`
`Depreciation`
`At1 September2022`	`2,012`	`735`		`-`	`2,747`
`Chargefortheyear`	`200`	`171`		`-`	`371`
`Ondisposals`	`(15)`	`(26)`		`:`	`(41)`
`At31August2023`	`2,197`	`880`		`-`	`3,077`
`Netbookvalue`
`At31August2023`	`6,320`	`759`		`-`	`7,079`
`At31August2022`	`4,639`	`631`	`850`		`6,120`

	`Total`
	`£000`
`Cost`
`At1 September2022andat31August2023`	`549`
`Amortisation`
`At1 September2022`	`263`
`Chargefortheyear`	`11`
`At31August2023`	`274`
`Netbookvalue`
`At31August2023`	`275`
`At31August2022`	`286`

	`Listed`
	`Securities`
	`£000`
`Marketvalue`
`At1 September2022`	`138`
`Additions`	`372`
`Netrevaluation`	`(22)`
`At31August2023`	`488`
`Historicalcost`	`427`

		`2023`	`2022`
		`£000`	`£000`
`M&GCharifund-`	`Income`	`91`	`97`
`M&GCharifund-`	`Accumulation`	`397`	`41`
		`488`	`138`

`14.` `Stocks`
	`2023`	`2022`
	`£000`	`£000`
`Finishedgoodsandgoodsforresale`	`36`	`28`
`15.` `Debtors`
	`2023`	`2022`
	`£000`	`£000`
`Tradedebtors`	`35`	`30`
`Otherdebtors`	`13`	`8`
`Prepaymentsandaccruedincome`	`589`	`589`
	`637`	`627`
`6.` `Creditors:Amountsfallingduewithinoneyear`
	`2023`	`2022`
	`£000`	`£000`
`Tradecreditors`	`236`	`420`
`Bankloans(seeNote17)`	`85`	`85`
`Othertaxationandsocialsecurity`	`161`	`101`
`Pensioncreditor`	`119`	`94`
`Othercreditors`	`8`	`30`
`Pupil-deposits`	`422`	`404`
`Feesandinvoicespaidinadvance`	`1,017`	`1,090`
`Accruals`	`432`	`619`
`Compositionfees`	`72`	`92`
	`2,552`	`2,935`

`17.`	`Creditors:Amountsfallingdueaftermorethanoneyear`
		`2023`	`2022`
		`£000`	`£000`
`Bank`	`loans(seebelow)`	`659`	`744`
`Compositionfees`		`1`	`10`
		`660`	`754`

	`2023`	`2022`
	`£000`	`£000`
`Duebetweentwoandfiveyears`	`574`	`659`
`Duewithinonetotwoyears`	`85`	`85`
	`659`	`744`
`Duewithinoneyear`	`85`	`85`
	`744`	`829`

		`2023`	`2022`
		`£000`	`£000`
`Two`	`tofiveyears`		`-`
`One`	`totwoyears`
			`10`
`Due`	`withinoneyear`		`93`
`Total`			`103`

		`2023`
		`£000`
`Asat1 September2022`		`103`
`Newcontracts`		`138`
`Amountsaccruedtocontracts`		`1`
`Amountsutilisedinpaymentoffees`		`(169)`
`Asat31August2023`		`73`
`18.` `Financialinstruments`
	`2023`	`2022`
	`£000`	`£000`
`Financialassetsmeasuredatfairvaluethroughincomeandexpenditure`	`488`	`138`

	`2023`	`2022`
	`£000`	`£000`
`Allotted,calledupandfullypaid`
`135Ordinarysharesof£20each`	`3`	`3`

`20.` `Statementoffunds`
`Statementoffunds`	`Balanceat1`	`Income`		`Expenditure`		`Transfers`	`Gains/`	`Balanceat`
`-currentyear`	`September`						`(losses)`	`31August`
	`2022`							`2023`
	`£000`	`£000`		`£000`		`£000`	`£000`	`£000`
`Designatedfunds`
`Capitaldevelopmentfund`	`420`	`-`		`-`		`(420)`	`-`	`-`
`Longtermdevelopmentfund`	`-`	`-`		`-`		`466`	`-`	`466`
`Extraordinaryhardshipfund`	`20`	`-`		`-`		`14`	`-`	`34`
`Generalfunds`
`Generalreserve`	`6,591`	`11,023`		`(10,678)`		`(52)`	`(21)`	`6,863`
`Totalunrestrictedfunds`	`7,031`	`11,023`		`(10,678)`		`8`	`(21)`	`7,363`
`Restrictedfunds`
`Scholarshipsandbursaries`	`269`	`48`		`(101)`		`-`	`-`	`216`
`Other`	`19`	`21`		`(16)`		`(8)`	`-`	`16`
`Totalrestrictedfunds`	`288`	`69`		`(117)`		`(8)`	`-`	`232`
`Endowmentfunds`
`Scholarshipsandbursaries`	`23`		`-`		`-`	`-`	`(1)`	`22`
`Totaloffunds`	`7,342`	`11,092`		`(10,795)`		`-`	`(22)`	`7,617`

`Transfersbetweenfunds`	`Unrestricted`	`Restricted`	`Endowment`
	`funds`	`funds`	`funds`
	`£000`	`£000`	`£000`
`Fundsexpendedoncapitalitems`	`8`	`(8)`		`-`
`Totaltransfers`	`8`	`(8)`		`-`

`Statementoffunds`	`Balanceat1`	`Income`	`Expenditure`		`Transfers`	`Gains/`	`Balanceat`
`—prioryear`	`September`					`(losses)`	`31August`
	`2021`						`2022`
	`£000`	`£000`	`£000`		`£000`	`£000`	`£000`
`Designatedfunds`
`CapitalDevelopmentFund`	`750`	`-`		`-`	`(330)`	`-`	`420`
`ExtraordinaryHardshipFund`	`21`	`-`	`(1)`		`-`	`-`	`20`
`Generalfunds`
`Generalreserve`	`5,700`	`9,340`	`(8,772)`		`332`	`(9)`	`6,591`
`Totalunrestrictedfunds`	`6,471`	`9,340`	`(8,773)`		`2`	`(9)`	`7,031`
`Restrictedfunds`
`Scholarshipsandbursaries`	`286`	`38`	`(56)`		`-`	`1`	`269`
`Other`	`21`	`5`	`(5)`		`(2)`	`-`	`19`
`Totalrestrictedfunds`	`307`	`43`	`(61)`		`(2)`	`1`	`288`
`Endowmentfunds`
`Scholarshipsandbursaries`	`24`	`-`		`:`	`-`	`(1)`	`23`
`Totaloffunds`	`6,802`	`9,383`	`(8,834)`		`-`	`(9)`	`7,342`

`Analysisofnetassets`	`betweenfunds`
`Currentyear`	`Tangible`		`Fixedasset`		`Current`		`Creditors`		`Creditors`		`Total`
	`and`		`investments`		`assets`		`due`		`dueafter`
	`intangible`						`within`		`more`
	`fixed`						`oneyear`		`thanone`
	`assets`								`year`
	`£000`		`£000`		`£000`		`£000`		`£’000`		`£000`
`Unrestrictedfunds`	`7,354`		`466`		`2,758`		`(2,552)`		`(660)`		`7,366`
`Restrictedfunds`	`-`		`-`		`232`		`-`		`-`		`232`
`Endowmentfunds`	`-`		`22`		`-`		`-`		`-`		`22`
	`7,354`		`488`		`2,990`		`(2,552)`		`(660)`		`7,620`
`Prioryear`	`Tangible`		`Fixedasset`		`Current`		`Creditors`		`Creditors`		`Total`
	`and`		`investments`		`assets`		`due`		`dueafter`
	`intangible`						`within`		`more`
	`fixed`						`oneyear`		`thanone`
	`assets`								`year`
	`£000`		`£000`		`£000`		`£000`		`£000`		`£000`
`Unrestrictedfunds`	`6,406`		`115`		`4,202`		`(2,935)`		`(754)`		`7,034`
`Restrictedfunds`		`-`		`-`	`288`			`-`		`-`	`288`
`Endowmentfunds`		`-`	`23`			`-`		`-`		`-`	`23`
	`6,406`		`138`		`4,490`		`(2,935)`		`(754)`		`7,345`

		`2023`	`2022`
		`£000`	`£000`
`Cashin`	`hand`	`2,317`	`3,835`
		`2,317`	`3,835`

	`2023`	`2022`
	`£000`	`£000`
`Withinoneyear`	`78`	`69`
`Betweenoneandfiveyears`	`82`	`130`
	`160`	`199`

`27.` `ComparativeStatementofFinancial`	`27.` `ComparativeStatementofFinancial`	`Activitiesfortheyearended`	`Activitiesfortheyearended`	`31August2022`
		`Unrestricted`	`Restricted`	`Endowment`	`Total`		`Total`
		`funds`	`funds`	`funds`	`funds`		`funds`
		`2022`	`2022`	`2022`	`2022`		`2021`
	`Note`	`£000`	`£000`	`£000`	`£000`		`£000`
`Incomefrom:`
`Donationsandlegacies`	`2`	`-`	`40`	`-`	`40`		`95`
`Charitableactivities:`
`Schoolfees`	`3`	`8,641`	`-`	`-`	`8,641`		`7,238`
`Othereducationalincome`	`4`	`618`	`-`	`-`	`618`		`574`
`Non-ancillaryactivities`	`5`	`59`	`-`	`-`	`s9`		`10`
`Investments`	`6`	`4`	`3`	`-`	`7`		`6`
`Otherincome`	`7`	`18`	`-`	`-`	`18`		`53`
`Totalincome`		`9,340`	`43`	`-`	`9,383`		`7,976`
`Expenditureon:`
`Raisingfunds`	`8`	`113`	`-`	`-`	`113`		`59`
`Charitableactivities:`
`Schooloperatingcosts`	`8`	`8,655`	`-`	`-`	`8,655`		`7,513`
`Grantmaking`	`8`	`5`	`61`	`-`	`66`		`73`
`Totalexpenditure`		`8,773`	`61`	`-`	`8,834`		`7,645`
`Netincomebeforeinvestment`
`(losses)/gainsandtransfers`		`567`	`(18)`	`-`	`549`		`331`
`Net(losses)/gainson`
`investments`	`13`	`(9)`	`1`	`(1)`	`(9)`		`31`
`Netincome`		`558`	`(17)`	`(1)`	`540`		`362`
`Transfers`		`2`	`(2)`	`-`		`-`		`-`
`Netmovementinfunds`		`560`	`(19)`	`(1)`	`540`		`362`
`Reconciliationoffunds:`
`Totalfundsbroughtforward`		`6,471`	`307`	`24`	`6,802`		`6,440`
`Totalfundscarriedforward`		`7,031`	`288`	`23`	`7,342`		`6,802`