2022-08-31-accounts - Gard'ner Memorial Limited

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External audit
Ofsted
More House School	is subject to external quality-assurance					processes implemented		by the regulator,		the Department	for	Education.	The
last full inspection	of the school's educational			provision		was in March 2019	where	the school	underwent an integrated			education	and
residential social care inspection,		and was awarded			the following judgements:
Overall effectiveness										Outstanding
Effectiveness ofleadership and management										Outstanding
Quality ofteaching,	learning and	assessment								Outstanding
Personal development, behaviour		and welfare								Outstanding
Outcomes for pupils										Outstanding
Sixth form provision										Outstanding
Overall experiences	and progress	ofchildren	and	young people in the boarding			provision			Outstanding
Overall effectiveness	at previous	inspection	(2016)							Outsmnding

Overall experiences	Overall experiences	and progress ofchildren	and young people, taking	inta account:	Outstanding
I-low well children	and young people are helped and protected				Outstanding
The effectiveness	of	leaders and managers			Outstanding

	2021-22	2020-21	Variance
Charitable Income	E9,283,072	58,957,049	F326,023
Investments	f1,649	5408	61,241
Donations etc.	615,962	63,448	512,514
Total Gross Income	69,300,683	68,960,905	6339,778
Raising Funds Expenditure	E83,798	F116.305	E32,507
Charitable Expenditure	f8,746,154	68,074,180	-6671,974
Total Expenditure	68,829,952	68,190,485	-6639,467
Net Income	6470,731	F770,420	-6299,689

Freehold	Land	Bt Buildings	Site Development	f20,553
			St Matthews Development	619,477
			MUGA, Pavilion fk Roadway	f45,862
				F85.892
Furniture	and	Equipment	Drama Lighting	630,571
			Paws	54,400
			ITStrategic Project	5479,590
			Grounds Sweeper	E10,320
			Boiler Replacement	649,380
				5574,261
			Total Additions	6660,153

FOR THE YEAR ENDED 31AU	GUST 202	2
			Unrestricted	Restricted	Total	Total
			Funds	Funds	2022	2021
INCOME FROM:		Notes
Charitable activities:
- School fees receivable		1	9,087,282		9,087,282	8,743,725
- Other school income		2	195,790		195,790	213,324
Investments —interest			1,649		1,649	408
Voluntary sources:
-Appeal and other donations			1,088	14,874	15,962	14,586
			9,285,809	14,874	9,300,683	8,972,043
EXPENDITURE ON:
Raising funds:
—Fundraising and development			14,195		14,195	19,635
—Finance and other costs			69,603		69,603	96,670
			83,798		83,798	116,305
Charitable Expenditure:
School operating costs
- Teaching costs			5,084,393	11,621	5,096,014	4,945,496
—Boarding and catering			1,334,903		1,334,903	1,299,222
—Premises			1,305,102		1,305,102	1,123,947
—Support and governance	costs		1,010,135		1,010,135	707,080
Total expenditure		3	8,818,331	11,621	8,829,952	8,192,050
Net Income/net movement	in funds		467,478	3,253	470,731	779,993
RECONCILIATION OF FUNDS
Total funds brought forward			13,996,602	6,285	14,002,887	13,222,894
Total funds carried forward		12	E14,464,080	E9,538	f14,473,618	f.14,002,887

									2022		2021
						Notes		E		E	E
FIXEDASSETS									13,478,999		13,274,709
CURRENT ASSETS
Debtors						6		133,475			76,301
Cash at bank and in hand								3,380,716			3,514,068
								3,514,191			3,590,369
CREDITORS: Amounts			falling	due
within one year
Fees in advance								(315,537)			(572,013)
Other creditors						7		(471,689)			(583,302)
								(787,226)			(1,155,315)
NET CURRENT ASSETS									2,726,965		2,435,054
TOTAL ASSETS LESSCURRENT LIABILITIES									16,205,964		15,709,763
CREDITORS: amounts		falling		due
after more than one year									(1,732,346)		(1,706,876)
TOTAL NET ASSETS									E14,473,618		E14,002,887
FUNDS:
UNRESTRICTED FUNDS						12
—GENERAL									2,767,430		2,551,604
—DESIGNATED									11,696,650		11,444,998
RESTRICTED FUNDS					12					9,538	6,285
TOTAL									E14,473,618		E14,002,887
he financial statements	were		approved		and authorised		for	issue by the	Board of	Governors	on 9e March, 2023 and were
gned below on its behalf by:
lenn Handley (Chair)				Pam Edworthy		(Deputy		Chair)
											Page 29of50

				2022			2021
Cash flows from operating	activities:
Net cash providedby operating
activities (Note 1B)					643,568		1,040,084
Cash flows from investing	activities:
Interest from investments			1,649			408
Interest payable on loans			(72,849)			(70,419)
Purchase oftangible fixed	assets		(660,152)			(400,054)
Proceeds from sale oftangible fixed assets			1,790			1,174
Net cash usedininvesting	activities			(729,562)				(468,891)
Cash flows from financing	activities:
Repayment of loan			(47,358)			(121,036)
Net cash osedin financing activities					(47,358)			(121,036)
Change in cash and cash equivalents		in the year		(133,352)				450,157
Cash and cash equivalents	at the start	ofthe year		3,514,068			3,063,911
Cash and cash equivalents	at the end	ofthe year		E3,380,716			E3,514,068
ANALYSIS OF CHANGES IN NET DE8T
			At 1			Other
			September			non-cash	At	31 August
			2021	Cash flows		changes		2022
Cash and bank			3,514,068		(133,352)			3,380,716

1.	FEES RECEIVABLE	FEES RECEIVABLE						2022	2021
	Fees receivable	consist	of:
	School fees							9,826,827	9,657,235
	Less: bursaries,	grants	and	allowances				(739,545)	(913,510)
								69,087,282	E8,743,725
2.	CHARITABLE ACTIVITIES —OTHER				INCOME			2022	2021
	Extras and other	educational		income				87,937	58,700
	Registration fees/FIL							23,162	22,500
	Government grants -job retention				scheme			52,670	121,486
	Sundry income							32,021	10,638
								f195,790	f213,324
3.	ANALYSIS OF TOTAL EXPENDITURE - 2022
								Total	Total
				Staff costs		Other	Depreciation	2022	2021
	Raising funds:
	Fundraising and					14,195		14,195	19,635
	development
	Finance costs					69,603		69,603	96,670
	Charitable Activities:
	School operating	costs:
	Teaching			4,637,623		458,391		5,096,014	4,945,496
	Boarding and catering				852,008	482,896		1,334,904	1,299,222
	Premises				241,352	621,219	442,530	1,305,101	1,123,946
	Support and governance				698,257	311,878		1,010,135	707,081
				E6,429,240		E1,958,182	6442,530	E8,829,952	E8,192,050

						Total
			Staff costs	Other	Depreciation	2021
				E	E	E
Raising funds:
Fundraising	and			19,635		19,635
development
Finance costs				96,670		96,670
Charitable	Activities:
School operating		costs:
Teaching			4,564,809	380,687		4,945,496
Boarding	and catering		902,589	396,633		1,299,222
Premises			156,728	585,167	382,051	1,123,946
Support and governance			456,499	250,582		707,081
			E6,080,625	E1,729,374	E382,051	E8,192,050

Support an following:	d governanc	e	costs all relate to th	e direct operating costs o	fthe school and principally	comprise th
					2022	2021
Administrative staff costs					698,257	456,499
Termination	settlement				24,771	10,000
Office running costs					52,493	45,152
Professional	fees				84,222	43,690
Travel					1,371	714
Other					132,291	132,819
Governance	costs				16,730	18,206
					E1,010,135	E707,080
Expenditure	includes:
Auditors remuneration:		Audit			13,200	12,360
Operating	lease payments		—plant, machinery	and minibuses	36,435	35,543
Interest payable on loans					72,849	70,419
Depreciation					442,530	382,051

STAFF COSTS:					2022	2021
Salaries and wages					5,178,017	4,893,150
Social security costs					517,019	478,189
Pension contributions					722,806	699,514
Apprentice Levy					10,827	9,772
Termination Settlement					24,771	10,000
					66,453,440	f6,090,625
The average number of employees		during	the	year was made up as follows:
					2022	2021
Teaching					115	118
Other					60	55
					175	173
The number of staff on a full time equivalent				basis was as follows:
Teaching —full-time					72	72
Teaching —part-time					27	27
Other —full-time					26	27
Other —part-time					22	16
					48	43
Total full-time equivalent	employees				147

FIXED ASSETS	Freehold	Freehold	Furniture &	Motor
	Land	Buildings	Equipment	Vehicles	Total
COST
As at 1 September 2021	1,321,036	15,140,088	1,299,465	63,052	17,823,641
Additions		85,892	574,261		660,153
Disposals			455,464	14,000	469,464
As at 31 August 2022	1,321,036	15,225,980	1,418,262	49,052	18,014,330
DEPRECIATION
As at 1 September 2021		3,554,976	934,720	59,240	4,548,936
Charge for year		304,945	150,430	486	455,861
Disposals			455,464	14,000	469,464
As at 31 August 2022		3,859,921	629,684	45,726	4,535,331
NET BOOK VALUE
At 31 August 2022	F1,321,036	611,366,059	f788,578	F3,326	613,478,999
At 31 August 2021	E1,321,036	f11,585,112	E364,748	E3,813	613,274,709

6.	DEBTORS			2022	2021
	Fee debtors			28,144	23,104
	Sundry debtors			36,141	21,698
	Prepayments			69,190	31,499
				E133,475	F76,301
7.	OTHER CREDITORS: amounts		falling due within one year	2022	2021
				E	E
	Trade creditors			113,236	130,451
	Social security and other taxes			126,239	118,157
	Other creditors			162,556	171,547
	Accruals			19,658	26,985
	Bank loan (see note 9 below)			50,000	122,830
	Obligations under finance leases (see below)				13,332
				E471,689	f583,302
8.	CREDITORS: amounts	falling due after one year		2022	2021
	Bank loan (see note 9 below)			1,732,346	1,706,876
	Obligations under finance leases
				E1,732,346	E1,706,876


BANK LOANS	2022	2021
Bank loans are payable as follows:
Within one year	50,000	122,830
Within one to two years	50,000	127,643
Between two and five years	150,000	593,635
After five years	1,532,346	985,598
	E1,782,346	E1,829,706

					Fixed	Net Current	Long Term
					Assets	Assets	Liabilities	Total
							f	E
Unrestricted					13,478,998	2,717,427	(1,732,348)	14,464,077
Restricted						9,538		9,538
				E13,478,998		E2,726,965	E(1,732,348)	E14,473,615
ANALYSIS	OF	NET ASSETS BETWEEN FUNDS —2021
					Fixed	Net Current	Long Term
					Assets	Assets	Liabilities	Total
Unrestricted					13,274,709	2,428,769	(1,706,876)	13,996,602
Restricted						6,285		6,285
				E13,274,709		E2,435,054	E(1,706,876)	E14,002,887
CAPITAL COMMITMENTS							2022	2021
Commitments		for future	capital	expenditure	not provided	for in these
accounts are:
Authorised	and contracted		for				1,754,085	1,754,085

OPERATING	LEASE COMMITMENTS	LEASE COMMITMENTS	LEASE COMMITMENTS				2022	2021
At the year-end		the school	had future	minimum	lease payments	under
non-cancellable		operating	leases as follows:
Within 1 year							36,867	38,609
Between 2-	5	years					77,477	111,800
							114,344	E150,409

RECONCILIATION		OF	INCOME	TO	NET	CASH	FLOW
OPERATING ACTIVITIES								2022	2021
Net income for the		reporting	period	(as per	the	statement	of financial
activities)								470,731	779,993
Depreciation								442,530	395,389
Profit on disposal	of	fixed assets						(1,790)	(1,174)
Interest receivable								(1,649)	(408)
Interest payable								72,849	70,419
(Increase) in debtors								(57,177)	(151)
(Decrease) in creditors								(281,926)	(203,984)
Net cash provided	by operating		activities					643,568	E1,040,084

21. STATEMENT OF FINANCIAL ACTIVITIES - 2021	21. STATEMENT OF FINANCIAL ACTIVITIES - 2021	21. STATEMENT OF FINANCIAL ACTIVITIES - 2021
		Unrestricted	Restricted	Total
		Funds	Funds	2021
INCOME FROM:
Charitable activities:
School fees receivable		8,743,725		8,743,725
Other school income		213,324		213,324
Investments —interest		408		408
Voluntary sources:
- Appeal and other donations		8,736	5,850	14,586
		8,966,193	5,850	8,972,043
EXPENDITURE ON:
Raising funds:
—Fundraising and development		19,635		19,635
—Finance and other costs		96,670		96,670
		116,305		116,305
Charitable Expenditure:
School operating costs
-Teaching costs		4,943,931	1,565	4,945,496
- Boarding and catering		1,299,222		1,299,222
—Premises		1,123,947		1,123,947
- Support and governance	costs	707,080		707,080
Total expenditure		8,190,485	1,565	8,192,050
Net Income/net movement	in funds	775,708	4,285	779,993
RECONCILIATION OF FUNDS
Total funds brought forward		13,220,894	2,000	13,222,894
Total funds carried forward		613,996,602	E6,285	f14,002,887

		2022	2021
FEES RECEIVABLE
Gross fees		9,826,827	9,657,235
Less bursaries, grants and allowances		(739,545)	(913,510)
		9,087,282	8,743,725
Extras receivable and other educational	income	87,937	58,700
		9,175,219	8,802,425
BANK AND OTHER INTEREST		1,649	408
		9,176,868	8,802,833
DONATIONS		1,088	14,586
OTHER INCOME
Registration fees		23,162	22,500
Other school income		84,691	132,124
		107,853	154,624
TOTAL OPERATING INCOME		9,285,809	8,972,043
TOTAL RESTRICTED INCOME		14,874
TOTAL INCOME		9,300,683	8,972,043

CHARITABLE EXPENDITURE	2022	2021
TEACHING COSTS
Teaching staff salaries	4,637,623	4,564,809
Cost ofextras	95,428	66,539
Courses	43,846	46,590
Teaching materials	319,117	267,558
	5,096,014	4,945,496
BOARDING AND CATERING
Catering staff salaries	215,891	188,841
Catering costs	447,276	359,461
Cleaning staff salaries	241,111	282,916
Cleaning costs	26,543	29,968
Laundry —staff salaries	22,035	21,544
Laundry —other	9,144	7,204
Care staff salaries	372,903	409,288
	1,334,903	1,299,222
PREMISES
Insurance	50,763	47,836
Rates and water	37,440	43,811
Light and heat	163,402	154,769
Maintenance staff salaries	241,352	156,728
Garden and grounds	96,799	35,631
Repairs and maintenance	246,353	274,778
Trade refuse	26,463	28,343
Depreciation	442,530	382,051
	1,305,102	1,123,947

				2022	2021
OTHER SUPPORT COSTS
Staff salaries				698,256	456,499
Staff recruitment				12,805	23,385
Staff travel				1,371	714
Printing, postage and	stationery			14,251	9,334
Telephone				38,241	35,818
Motor				41,401	30,033
Sundry costs				51,600	59,086
Subscriptions and donations				24,223	16,188
H M Discretionary				2,265	4,127
Professional and other	costs			84,222	43,690
Termination settlements				24,770	10,000
				993,405	688,874
GOVERNANCE COSTS
Audit and accountancy		(inc E4,286 Gov costs)		15,270	18,206
Governor expenses				1,460	4,286
PUBLICITY AND FUNDRAISING
Promotion				14,195	19,635
FINANCE COSTS
Bank charges and interest		payable		8,162	9,383
Hire purchase charges	(is	actually	all loan Btmort interest)	72,849	70,419
Bad debts				(11,408)	16,868
				69,603	96,670
TOTAL EXPENDITURE				8,829,952	8,192,050