2022-08-31-accounts - The London Orphan Asylum (Reed's School)

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27 April 2023

			`Reed’s`	`School`
	`Consolidatedstatement`			`offinancial`	`activities`
		`fortheyearended`		`31August`	`2022`
		`Notes`					`Total`
			`Unrestricted`	`Restricted`	`Endowed`	`Totalfunds`	`funds`
			`funds`	`funds`	`funds`	`2022`	`2021`
			`2'000`	`2'000`	`2'000`	`£'000`	`£'000`
`Incomeandendowments`	`from:`
`Donationsandlegacies`			`464`	`549`	`59`	`1,072`	`898`
`Charitableactivities`
`Schoolfeesreceivable`		`2`	`20,062`	`-`		`20,062`	`18,720`
`Ancillarytradingincome`			`265`	`-`		`265`	`170`
`Othertradingactivities`
`Non-ancillarytradingincome`			`670`	`^`		`670`	`471`
`Otheractivities`			`73`	`-`		`73`	`128`
`Ofheroperatingincome`
`Governmentgrants`
`receivable`		`2`	`-`	`-`		`-`	`175`
`Investments`
`Incomefrominvestments`			`118`	`-`	`137`	`255`	`203`
`Totalincome`			`21,652`	`549`	`196`	`22,397`	`20,765`
`Expenditureon:`
`Raisingfunds`
`Non-ancillarytrading`			`(587)`	`-`	`7`	`(587)`	`(500)`
`Fundraisingand`					`-`
`developmentcosts`		`3`	`(241)`	`-`		`(241)`	`(245)`
`Financingcosts`		`3`	`(265)`	`-`	`-`	`(265)`	`(305)`
`Charitableactivities`
`Educationandgrantmaking`		`3`	`(20,113)`	`(579)`	`-`	`(20,692)`	`(18,766)`
`Totalexpenditure`			`(21,206)`	`(579)`	`=`	`(21,785)`	`(19,816)`
`Net(losses)oninvestments`		`5`	`(125)`	`-`	`(169)`	`(294)`	`696`
`Netincome`			`321`	`(30)`	`27`	`318`	`1,645`
`Transfersbetweenfunds`		`10-11`	`137`		`(137)`	`-`		`-`
`Netmovementinfunds`			`458`	`(30)`	`(110)`	`318`	`1,645`
`Reconciliationoffunds:`
`Totalfundsbroughtforward`			`28,476`	`724`	`4,143`	`33,343`	`31,698`
`Totalfundscarriedforward`			`28,934`	`694`	`4,033`	`33,661`	`33,343`
`Thenotesonpages20`	`to40`	`formpartofthesefinancial`		`statements.`

			`Reed’s School`	`Reed’s School`
`Consolidated`		`andCharityBalancesheetsasat`			`31August2022`
		`Notes`	`Consolidated`			`Charity`
			`2022`	`2021`	`2022`		`2021`
			`£'000`	`£'000`	`£'000`		`£'000`
`Fixedassets:`
`Tangibleassets` `Investments`		`an`	`32,513` `5,694`	`31,053` `5,819`	`32,507` `5,944`		`31,043` `6,069`
`Totalfixedassets`			`38,207`	`36,872`	`38,451`		`37,112`
`Currentassets:`
`Stocks`			`186`	`169`	`8`		`9`
`Debtors`			`352`	`331`	`565`		`416`
`Cashatbankandin`	`hand`		`6,164`	`10,304`	`5,686`		`10,011`
`Totalcurrentassets`			`6,702`	`10,804`	`6,259`		`10,436`
`Liabilities:`
`Creditors:Amounts` `duewithinoneyear`	`falling`		`(6,617)`	`(6,563)`	`(6,592)`		`(6,532)`
			`85`	`4,241`	`(333)`		`3,904`
`Totalassetslesscurrentliabilities`			`38,292`	`41,113`	`38,118`		`41,016`
`Creditors:Amounts`	`falling`
`dueaftermorethan`	`one`		`(4,631)`	`(7,770)`	`(4,631)`		`(7,770)`
`year`
`Totalnetassets`			`33,661`	`33,343`	`33,487`		`33,246`
`ThefundsoftheCharity:`
`Restrictedincomefunds`		`10`	`694`	`724`	`694`		`724`
`Endowedfunds`			`4,033`	`4,143`	`4,033`		`4,143`
`Generalfunds`		`11`	`28,813`	`28,378`	`28,639`		`28,281`
`Designatedfunds`			`121`	`98`	`121`		`98`
`Totalunrestrictedfunds`			`28,934`	`28,476`	`28,760`		`28,379`
`TotalCharityfunds`			`33,661`	`33,343`	`33,487`		`33,246`
`Thesurplusforthefinancialyeardealtwithin` `21,663).`			`thefinancialstatementsofthe`		`parentCharity`	`was£ £243k(2021:`
`Thenotesonpages20to40`		`formpartofthesefinancialstatements.`
`ThefinancialstatementswereapprovedbytheGovernorsandauthorisedfor`					`issueon12December`		`2022and`
`signedonitsbehalfby:`
`CHAIRMAN`	`dosON`		`oO4`

`Reed’sSchool`	`Reed’sSchool`
`Notestothefinancialstatementsfor`	`theyearended31August2022`
`c)` `Governanceincludedinsupportcosts`
			`2022`	`2021`
			`2'000`	`2'000`
`Staffcosts`			`62`	`58`
`Governortraining`			`0`	`-`
`Governorexpenses`			`1`	`1`
`Auditor'sremunerationforauditservices- Charity`			`25`	`27`
`Governancecosts- Charity`			`88`	`86`
`Auditor'sremunerationforauditservices- subsidiary`
`company`			`6`	`6`
`Governancecosts- group`			`94`	`92`
`NeithertheGovernorsnorpersonsconnectedwiththem`	`receivedanyremunerationorotherbenefitsfrom`
`theSchooloranyconnectedorganisationineitheryear.`	`In2022oneGovernor(2021:one`		`Governor)was`
`reimbursedexpensesduringtheyearinrelationtotravelandsubsistenceasnotedabove.`
`a)` `Staffcosts`
		`2022`	`2021`
		`£'000`	`£'000`
`Totalstaffcostscomprised:`
`Wagesandsalaries`		`10,115`	`9,554`
`Taxesandsocialsecuritycosts`		`984`		`984`
`Pensioncontributions`		`1,662`	`1,662`
`Medicalinsurancepremium`		`94`		`98`
		`12,855`	`12,298`
`Aggregateemployeebenefitsofkeymanagementpersonnel`		`388`		`344`
`Theaveragenumberofemployeesduringtheyearwas`	`261(2021:257).Employeescalculated`			`ona`
`full-timeequivalentbasiswas228(2021:202)ofwhich`	`131(2021:131)wereteachingstaff.`
`Duringtheyeartherewereno(2021:2)terminationpaymentsmade(2021: £21k).`
`Numberofhigherpaidemployeesinbandsof:`
		`2022`		`2021`
`£60,001to£70,000` `£70,001to£80,000` `£80,001to£90,000` `£90,001to£100,000` `£100,000to£110,000` `£110,001to£120,000` `£150,001to£160,000` `£180,001to£190,000`		`2`	`—,.` `1ANY` `Y`	`ı` `41-1` `190`
				`24`

	`Reed’s`	`School`
`Notestothefinancialstatementsfortheyear`			`ended31August2022`
`7.Creditors:amountsfallingduewithin`	`oneyear`
		`Consolidated`		`Charity`
		`2022`	`2021`	`2022`	`2021`
		`2'000`	`£'000`	`£'000`	`£'000`
`Bankloansandoverdrafts`		`777`	`1,262`	`777`	`1,262`
`Taxesandsocialsecuritycosts`		`299`	`273`	`299`	`273`
`Advancefees(Note9)`		`3,154`	`2,690`	`3,154`	`2,690`
`Amountsowedtogroupundertakings`		`-`	`-`	`8`		`i`
`Othercreditors`		`679`	`911`	`646`	`878`
`Deposits`		`1,197`	`905`	`1,197`	`905`
`Accruals`		`511`	`522`	`511`	`522`
		`6,617`	`6,563`	`6,592`	`6,530`
`8.Creditors:amountsfallingdueafter`	`oneyear`
			`Bank`	`Advance`	`Total`
`Charity`			`loans`	`fees`
			`£'000`	`£'000`	`£'000`
`Amountsrepayablebyinstalments:`
`In` `1to2 years`			`801`	`25`	`826`
`In2 to5 years`			`2,559`	`-`	`2,559`
`After5 years`			`1,246`	`-`	`1,246`
`At31August2022`			`4,606`	`25`	`4,631`
`At31August2021`			`7,732`	`38`	`7,770`

								`2022total`	`2022total`			`£'000`	`1,061` `2,331` `629`	`1,061` `2,331` `629`	`12`	`4,033`	`265`	`62` `367`	`694`
									`Transfer` `between`		`funds`	`£'000`		`©` `e` `ESumm` `©` `E` `a` `eu`	`-`	`(137)`	`-`	`-` `-`	`-`
`Reed’sSchool`		`Notestothefinancialstatementsfortheyearended31August2022`	`10.Endowedandrestrictedfunds`						`2021` `Income` `Expenditure` `Investment` `Netgains/(losses)` `total` `income` `oninvestments`			`£'000` `£'000` `£'000` `£'000` `£'000`	`EndowedFunds`	`Consolidatedsmallfunds` `1,108` `-` `-` `36` `Growthfund` `2,378` `47` `-` `79` `(94)` `CazenoveAndrewReedbursaryfund` `657` `-` `-` `22` `N` `Y` `©` `eu`	`TheRoyalHousehold` `-` `12` `-` `-` `-`	`Totalendowedfunds` `4,143` `59` `-` `137` `(169)`	`Restrictedfunds` `OR'ssyndicatedfund` `265` `19` `(19)` `-` `-` `Forumfund` `79` `2` `(19)` `-` `-` `Otherfunds` `380` `528` `(541)` `-` `-`		`Totalrestrictedfunds` `724` `549` `(579)` `-` `-`

		`Reed’s School`
`Notestothefinancialstatementsforthe`			`yearended31August2022`
`14.Leasecommitments`
`Asat31`	`August2022Reed’sSchoolhadtotalcommitments`		`underoperatingleasesasfollows:`
		`2022`	`2021`
		`2'000`	`2'000`
`Within`	`1Year`	`59`	`62`
`Within`	`2-5Years`	`163`	`249`
`Within`	`morethan5 Years`		`47`
		`222`	`358`

																						`2021total`	`2021total`			`£'000`	`1,108`	`1,108`	`2,378`	`2,378`	`657`	`657`	`4,143`		`265`	`79`	`380`	`724`	`37`
																							`Transfer` `between`		`funds`	`£'000`		`¡a` `A`		`o` `SE`		`+` `©`	`(87)`		`-`	`-`	`-`	`-`
`Reed’sSchool`		`Notestothefinancialstatementsfortheyearended31August2022`											`18.RestrictedandEndowedfunds- Comparativefiguresfor2021`										`2020` `Income` `Expenditure` `Investment` `Netgains/(losses)`	`total` `income` `oninvestments`		`£'000` `£'000` `£'000` `£'000` `£'000`	`Endowedfunds`	`Consolidatedsmallfunds` `980` `-` `-` `27` `128`		`Growthfund` `2,071` `30` `-` `46` `277`		`CazenoveAndrewReedbursaryfund` `581` `1` `-` `14` `75`	`Totalendowedfunds` `3,632` `31` `-` `87` `480`	`Restrictedfunds`	`OR'ssyndicatedfund` `265` `22` `(22)` `-` `-`	`Forumfund` `93` `2` `(16)` `-` `-` `Otherfunds` `424` `404` `(448)` `-` `-`		`Totalrestrictedfunds` `782` `428` `(486)` `-` `-`