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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|
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||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|
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|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|
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|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|
##
##
|4.|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||
|5.|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|
##
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##
##
||||||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|
##
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##
|16.|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|NET|INCOME|TO|NET|CASH|FLOW|FLOW|FROM|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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|
##
##