## 




# 



# 



# 



# 



# 



# 



# 



# 



# 



# 










# 



# 




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`||<br>|<br> <br>`21,652`|<br> <br>`549`|<br> <br>`196`|<br> <br>`22,397`|<br> <br>`20,765`|<br> <br>|
|`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`||<br>|<br> <br>`(21,206)`|<br> <br>`(579)`|<br> <br>`=`|<br> <br>`(21,785)`|<br> <br>`(19,816)`|<br> <br>|
|`Net(losses)oninvestments`||`5`|`(125)`|`-`|`(169)`|`(294)`|`696`||
|`Netincome`|||<br>`321`|<br>`(30)`|<br>`27`|<br>`318`|<br>`1,645`|<br>|
|`Transfersbetweenfunds`||`10-11`|`137`||`(137)`|`-`||`-`|
|`Netmovementinfunds`|||<br>`458`|<br>`(30)`|<br>`(110)`|<br>`318`|<br>`1,645`|<br>|
|`Reconciliationoffunds:`|||||||||
|`Totalfundsbroughtforward`|||`28,476`|`724`|`4,143`|`33,343`|`31,698`||
|`Totalfundscarriedforward`||<br>|<br>`28,934`<br>|<br>`694`<br>|<br>`4,033`<br>|<br>`33,661`<br>|<br>`33,343`<br>|<br> <br>|
|`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`<br>`Investments`||`an`|`32,513`<br>`5,694`|`31,053`<br>`5,819`|`32,507`<br>`5,944`|<br>|`31,043`<br>`6,069`|
|`Totalfixedassets`|||<br>`38,207`|<br>`36,872`|<br>`38,451`|<br>|<br>`37,112`|
|`Currentassets:`||||||||
|`Stocks`|||`186`|`169`|`8`||`9`|
|`Debtors`|||`352`|`331`|`565`||`416`|
|`Cashatbankandin`|`hand`||`6,164`|`10,304`|`5,686`||`10,011`|
|`Totalcurrentassets`|||<br>`6,702`|<br>`10,804`|<br>`6,259`|<br>|<br>`10,436`|
|`Liabilities:`||||||||
|`Creditors:Amounts`<br>`duewithinoneyear`|`falling`||`(6,617)`|`(6,563)`|`(6,592)`||`(6,532)`|
||||<br>`85`|<br>`4,241`|<br>`(333)`||<br>`3,904`|
|`Totalassetslesscurrentliabilities`<br> <br>|||<br> <br>`38,292`|<br> <br>`41,113`|<br> <br>`38,118`|<br> <br>|<br> <br>`41,016`|
|`Creditors:Amounts`|`falling`|||||||
|`dueaftermorethan`|`one`||`(4,631)`|`(7,770)`|`(4,631)`||`(7,770)`|
|`year`||||||||
|`Totalnetassets`||<br>|<br> <br>`33,661`|<br> <br>`33,343`|<br> <br>`33,487`|<br> <br>|<br> <br>`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`|||<br>`28,934`|<br>`28,476`|<br>`28,760`||<br>`28,379`|
|`TotalCharityfunds`||<br>|<br>`33,661`<br>|<br>`33,343`<br>|<br>`33,487`<br>||<br>`33,246`<br>|
|`Thesurplusforthefinancialyeardealtwithin`<br>`21,663).`|||`thefinancialstatementsofthe`||`parentCharity`|`was£ £243k(2021:`||
|`Thenotesonpages20to40`||`formpartofthesefinancialstatements.`||||||
|`ThefinancialstatementswereapprovedbytheGovernorsandauthorisedfor`|||||`issueon12December`||`2022and`|
|`signedonitsbehalfby:`||||||||
|`CHAIRMAN`|`dosON`||<br>`oO4`|<br>||||








# 



# 



# 






|`Reed’sSchool`|`Reed’sSchool`||||
|---|---|---|---|---|
|`Notestothefinancialstatementsfor`|`theyearended31August2022`||||
|`c)`<br>`Governanceincludedinsupportcosts`|||||
||||`2022`|<br>`2021`|
||||`2'000`|<br>`2'000`|
|`Staffcosts`|||`62`|<br>`58`|
|`Governortraining`|||`0`|<br>`-`|
|`Governorexpenses`|||`1`|`1`|
|`Auditor'sremunerationforauditservices- Charity`|||`25`|<br>`27`|
|`Governancecosts- Charity`|||<br>`88`|<br> <br>`86`|
|`Auditor'sremunerationforauditservices- subsidiary`|||||
|`company`|||`6`|<br>`6`|
|`Governancecosts- group`||<br>|<br>`94`<br>|<br> <br>`92`<br>|
|`NeithertheGovernorsnorpersonsconnectedwiththem`|`receivedanyremunerationorotherbenefitsfrom`||||
|`theSchooloranyconnectedorganisationineitheryear.`|`In2022oneGovernor(2021:one`||`Governor)was`||
|`reimbursedexpensesduringtheyearinrelationtotravelandsubsistenceasnotedabove.`|||||
|`a)`<br>`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`<br>`£70,001to£80,000`<br>`£80,001to£90,000`<br>`£90,001to£100,000`<br>`£100,000to£110,000`<br>`£110,001to£120,000`<br>`£150,001to£160,000`<br>`£180,001to£190,000`||`2`|<br>`—,.`<br>`1ANY`<br>`Y`|`ı`<br>`41-1`<br>`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`||
||<br>|<br> <br>`6,617`|<br> <br>`6,563`|<br> <br>`6,592`|<br> <br>`6,530`|<br> <br>|
|`8.Creditors:amountsfallingdueafter`|`oneyear`||||||
||||`Bank`|`Advance`|`Total`||
|`Charity`|||`loans`|`fees`|||
||||`£'000`|`£'000`|`£'000`||
|`Amountsrepayablebyinstalments:`|||||||
|`In`<br>`1to2 years`|||`801`|`25`|`826`||
|`In2 to5 years`|||`2,559`|`-`|`2,559`||
|`After5 years`|||`1,246`|`-`|`1,246`||
|`At31August2022`||<br>|<br> <br>`4,606`|<br> <br> <br> <br>`25`|<br> <br> <br> <br>`4,631`||
|`At31August2021`|||`7,732`<br>|`38`<br> <br>|`7,770`<br> <br>||








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





# 









|||`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`|
|||<br>`222`<br>|`358`|






# 






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











##