| Page | |||||
|---|---|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, | its Governors | and Advisors | ||
| Governors' Report |
2-10 | ||||
| Independent Auditors' |
Report | on the Financial Statements | 11-14 | ||
| Statement of Financial | Activities | 15 | |||
| Balance Sheet | 16-17 | ||||
| Statement ofCash Flows | 18 | ||||
| Notes to the Financial | Statements | 19-34 |
| Trustees and Governors | Trustees and Governors | Trustees and Governors | Mr J D Anderson | MA, FIA | MA, FIA | ||||
|---|---|---|---|---|---|---|---|---|---|
| Mrs EC Bates BA | (Hons), PGCE, FRGS (appointed | 2 November 2021) | |||||||
| Mrs C M Cartmell | LLB (Hons) | (resigned | 8September | 2022) | |||||
| Mr J D Emmerton | BSc(Hons) | ||||||||
| Ms E L Gabe BA | (Hons), ACA | ||||||||
| Mrs F Gent BSc(Hans), ACA | (Vice Chair) | ||||||||
| Mrs J M Hamilton | LLB (Hons), | LLM, DL | (Chair) | ||||||
| Mrs E L Mee BA (Hons) (appointed 7June 2022) |
|||||||||
| Mrs S Norville BA, |
QTS, NPQH | ||||||||
| Mr RJ M O' Hara | MA, RICS (appointed | 7June 2022) | |||||||
| Mr J Rotheram BSc(Hons) | |||||||||
| Mrs R A Sturt BA, | MEng, PGCE | ||||||||
| Company | registered | ||||||||
| number | 00678565 | ||||||||
| Charity registered | |||||||||
| number | 312069 | ||||||||
| Registered | office | 10Somers Road | |||||||
| Reigate | |||||||||
| Surrey | |||||||||
| RH2 9DU | |||||||||
| Bursar/Secretary | Mrs LA Butterworth (appointed 9September 2022) Mrs J M Hamilton (appointed 15July 2022, resigned |
9September 2022) | |||||||
| Mr TA Khan (resigned 15July | 2022) | ||||||||
| Headmaster | Mr R M Ardh BA, | NPQH | |||||||
| Independent | auditors | Kreston Reeves LLP | |||||||
| Chartered Accountants |
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| Springfield House |
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| Springfield Road |
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| Horsham | |||||||||
| West Sussex | |||||||||
| RH12 2RG | |||||||||
| Bankers | Barclays Bank Pic | ||||||||
| 10-12The Martletts | |||||||||
| Crawley | |||||||||
| West Sussex | |||||||||
| RH10 1ES | |||||||||
| Solicitors | Moore Barlow LLP | ||||||||
| The Oriel | |||||||||
| Sydenham Road |
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| Guildford | |||||||||
| Surrey | |||||||||
| GU1 3SR | |||||||||
| Insurance | brokers | Hettle Andrews 8 |
Associated | Ltd | |||||
| 11 Brindley Place, | 2 Brunswick | Square | |||||||
| Birmingham | |||||||||
| B1 1LP |
| together with the committees they si |
together with the committees they si |
t on, are as follows: | |||
|---|---|---|---|---|---|
| Governor Name |
Estates | Education | Finance & | ||
| and Health | &Staffing | General | |||
| &Safety | Purposes | ||||
| Mr J D Anderson MA, FIA |
|||||
| Mrs EC Bates BA (Hons), PGCE, | FRGS | ||||
| ' | Mrs C M Cartmell LLB (Hans) |
||||
| Mr J D Emmerton BSc(Hons) |
|||||
| * | Ms E L Gabe BA (Hons), ACA Mrs F Gent BSc(Hons), ACA (Vice Chair) |
||||
| Mrs J M Hamilton LLM, DL (Chair) |
|||||
| Mrs E Mee BA (Hons) (appointed | 7 June 2022) | ||||
| + | Mrs S Norville BA, QTS, NPQH |
||||
| Mr R O' Hara MA, RICS (appointed | 7June 2022) | ||||
| Mr J Rotheram BSc(Hons) | |||||
| Mrs M E Stansfield DipEd (resigned 7 December 2021) |
|||||
| Mrs RA Sturt BA, MEng, PGCE |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Note | 2022f | 2022 | 2022 | 2021 | |||
| Income from: | |||||||
| Donations and |
legacies | 14,339 | 14,339 | 33,217 | |||
| Charitable activities |
2,610,501 | 2,610,501 | 2,435,007 | ||||
| Investments | 10,097 | 10,097 | 3,736 | ||||
| Other income | 19,445 | 19,445 | 1,516 | ||||
| Total income | 2„654,382 | 2,654,3&2 | 2,473,476 | ||||
| Expenditure on: |
|||||||
| Raising funds | 9,875 | 9,875 | 7,803 | ||||
| Charitable activities |
2,592,646 | 1,506 | 2,594,152 | 2,491,252 | |||
| Total expenditure | 2,602,521 | 1,506 | 2,604,027 | 2,499,055 | |||
| Net movement | in funds | 51,861 | (1,506) | 50,355 | (25,579) | ||
| Reconciliation | offunds: | ||||||
| Total funds brought | forward | 3,385,217 | 6,100 | 3,391,317 | 3,416,896 | ||
| Net movement | in funds | 51,861 | (1,506) | 50,355 | (25,579) | ||
| Total funds carried forward | 3,437,078 | 4,594 | 3,441,672 | 3,391,317 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | E | ||||||
| Fixed assets | |||||||
| Tangible assets | 12 | 3,831,868 | 3,857,919 | ||||
| 3,831,868 | 3,857,919 | ||||||
| Current assets | |||||||
| Debtors | 13 | 49,460 | 72,043 | ||||
| Cash at bank and | in hand | 451,861 | 249,330 | ||||
| 501,321 | 321,373 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 14 | (559,107) | (443,171) | ||||
| Net current liabilities | (57,786) | (121,798) | |||||
| Total assets less | current liabilities | 3,774,082 | 3,736,121 | ||||
| Creditors: amounts | falling due after more | ||||||
| than one year | 15 | (332,410) | (344,804) | ||||
| Net assets excluding | pension asset | 3,441,672 | 3,391,317 | ||||
| Total net assets | 3,441,672 | 3,391,317 | |||||
| Charity funds | |||||||
| Restricted funds | 16 | 4,594 | 6,100 | ||||
| Unrestricted funds |
16 | 3,437,078 | 3,385,217 | ||||
| Total funds | 3„441,672 | 3,391,317 |
| FOR THE YEAR ENDED 3 | 1 AUGUST 2 | 02 | 2 | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Cash flows from operating | activities | ||||
| Net cash used in operating |
activities | 279,?94 | 146,720 | ||
| Cash flows from investing | activities | ||||
| Interest income received | 47 | 206 | |||
| Purchase oftangible fixed assets |
(68,647) | (2,879) | |||
| Net cash used in investing | activities | (68,600) | (2,673) | ||
| Cash flows from financing | activities | ||||
| Cash inflows from new borrowing | 38,292 | 29,882 | |||
| Repayments of borrowing |
(32,613) | (99,634) | |||
| Repayments offinance leases |
(4,467) | (4,482) | |||
| Interest paid |
(9,875) | (7,803) | |||
| Net cash used in financing | activities | (8,663) | (82,037) | ||
| Change in cash and cash |
equivalents | in | the year | 202,531 | 62,010 |
| Cash and cash equivalents | at the beginning | ofthe year | 249,330 | 187,320 | |
| Cash and cash equivalents | at the end | of | the year | 451,861 | 249,330 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| E | |||
| Donations | 12,284 | 12,284 | |
| Grants received | 2,055 | 2,055 | |
| 14,339 | 14,339 | ||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| Donations | 1,405 | 4,038 | 5,443 |
| Grants received | 27,774 | 27,774 | |
| 29,179 | 4,038 | 33,217 |
| School fee | s receivable | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| f. | F | |||
| Gross fees | 2,724,932 | 2,626,688 | ||
| Less: Bursaries, discounts | and other allowances | (162,193) | (206,698) | |
| Registration | fees | 8,270 | 3,480 | |
| Ancillary income |
39,492 | 11,537 | ||
| 2,610,501 | 2,435,007 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| F | |||||
| Rents | and | lettings | 1Q,Q5Q | 10„050 | 3,53Q |
| Bank | and | other interest | 47 | 47 | 2Q6 |
| 10,097 | 10,097 | 3,736 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| Other | income | 19,445 | 19,445 | 1,516 |
| Net inco | me for the ye | ar | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Net income is stated after charged: | ||||
| Depreciation oftangible |
fixed assets | 93,619 | 88,527 | |
| Auditors' | remuneration | - audit fee | 9,7&0 | 9,36Q |
| Auditors' | remuneration | —non audit fee | 2,850 | 1,844 |
| Operating | lease rentals | 11544 | 11908 |
| year | ||||||||
|---|---|---|---|---|---|---|---|---|
| Staff costs | Other | Dep'n | Total | |||||
| 2022f | 2022 F |
2022 | 2022 F |
|||||
| Charitable | activities | |||||||
| School operating | costs: | |||||||
| Teaching | 1,521,629 | 154,336 | 17,111 | 1,693,076 | ||||
| Welfare | 203,008 | 5,075 | 208,083 | |||||
| Premises | 90,472 | 169,457 | 68,375 | 328,304 | ||||
| Support | 222,536 | 139,095 | 3,058 | 364,689 | ||||
| 1 | 834637 | 665896 | 93619 | 2 594 152 | ||||
| Raising funds | ||||||||
| School financing | costs | 9,875 | 9,875 | |||||
| 1,834,637 | 675,771 | 93,619 | 2,604,027 | |||||
| Expenditure: | Analysis oftotal expenditure | - prior | ||||||
| year | ||||||||
| Staff costs | Other | Dep'n | Total | |||||
| 2021 | 2021 | 2021 | 2021 | |||||
| Charitable | activities | |||||||
| School operating | costs: | |||||||
| Teaching | 1,563,765 | 103,026 | 6,870 | 1,673,661 | ||||
| Welfare | 143,721 | 9,622 | 153,343 | |||||
| Premises | 83,562 | 158,800 | 68,977 | 311,339 | ||||
| Support | 225,889 | 123,962 | 3,058 | 352,909 | ||||
| 1 | 873216 | 529509 | 88 527 | 2 491 252 | ||||
| Raising funds | ||||||||
| School financing | costs | 7,803 | 7,803 | |||||
| 1,873,216 | 537,312 | 88,527 | 2,499,055 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Wages and | salaries | 1,452,224 | 1,462,734 | ||
| Social security costs | 142,600 | 146,814 | |||
| Contribution | to defined | contribution | pension schemes | 239,813 | 242,142 |
| 1,834,637 | 1,851,690 |
| 2022 | 2021 | ||
|---|---|---|---|
| No. | No. | ||
| Teaching Staff | 28 | 26 | |
| Academic Support | 9 | 12 | |
| Administration | 6 | 5 | |
| Maintenance | and Housekeeping | 5 | 6 |
| 48 | 49 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| 2022 | 2021 | |||
|---|---|---|---|---|
| F | ||||
| Wages and | salaries | 376,673 | 313,599 | |
| Employer's | national | insurance | 37,206 | 34,943 |
| Pension contributions | 23,680 | 74,197 | ||
| 437,559 | 422,739 |
| Freehold | |||||
|---|---|---|---|---|---|
| buildings and |
|||||
| site | Freehold | Motor | Fixtures and | ||
| improvements | land | vehicles | fittings | Total | |
| F | F | 'Z | F | ||
| Cost or valuation | |||||
| At I September 2021 | 4,823,331 | 359,500 | 19,920 | 561,044 | 5,763,7S5 |
| Additions | 68,647 | 68,647 | |||
| At 31 August 2022 | 4,823,331 | 359,500 | 19,920 | 629,691 | 5,832,442 |
| Depreciation | |||||
| At 1 September 2021 | 1,366,580 | 8,577 | 530,719 | 1,905,876 | |
| Charge for the year | 65,141 | 2,268 | 27,289 | 94,698 | |
| At 31 August 2022 | 1,431,721 | 10,845 | 558,008 | 2,000,574 | |
| Net book value | |||||
| At 31 August 2022 | 3,391,610 | 359,500 | 9,075 | 71,683 | 3,831,868 |
| At 31 August 2021 | 3,456,751 | 359,500 | 11,343 | 30,325 | 3,857,919 |
| Debtors | |||
|---|---|---|---|
| 2022 | 2021 | ||
| F | |||
| Due within one year | |||
| Trade debtors | 557 | 10,106 | |
| Prepayments | and accrued income | 48,903 | 61,937 |
| 49,460 | 72,043 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| E | F | |||||||
| Bank loans | 31,753 | 33,380 | ||||||
| Fees in advance | (deferred | income) | 371,064 | 293,200 | ||||
| Trade creditors | 51,641 | 25,578 | ||||||
| Other taxation | and | sociai | security | 35,983 | 45,104 | |||
| Obligations under |
finance | lease and hire purchase | contracts | 15,388 | 4,482 | |||
| Other creditors | 23,401 | 30,248 | ||||||
| Accruals | 29,877 | 11,179 | ||||||
| 559,107 | 443,171 | |||||||
| 2022 | 2021 | |||||||
| Deferred income | at 1 September | 2021 | 258,000 | 273,672 | ||||
| Resources deferred | during | the year | 371,064 | 258,000 | ||||
| Amounts released |
from previous | periods | (258,000) | (273,672) | ||||
| 371,064 | 258,000 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Bank loans | 224,696 | 255,682 | ||
| Net obligations | under finance lease and hire purchase | contracts | 24,787 | 1,868 |
| Other creditors | 82,927 | 87,254 | ||
| 332,410 | 344,804 |
| Between two and five years | ||
|---|---|---|
| Bank loans | 142,967 | 143,621 |
| Over five years | ||
| Bank loans | 81,729 | 112,061 |
| Statement offunds | - curren | t year | ||||
|---|---|---|---|---|---|---|
| Balance at 1 | Balance at | |||||
| September | Transfers | 31 August | ||||
| 2021 | Income | Expenditure | in/out | 2022 | ||
| F | f. | |||||
| Unrestricted funds |
||||||
| Designated funds |
||||||
| Designated - bursaries | 66,765 | (70,273) | &3,353 | 79,845 | ||
| General funds | ||||||
| General Reserves | 3,318,452 | 2,724,655 | (2,602,521) | (83,353) | 3,357,233 | |
| Total Unrestricted | funds | 3,385,217 | 2,654,382 | (2,602„521) | 3,437,078 | |
| Restricted funds | ||||||
| Grants and donations | 6,100 | (1,506) | 4,594 | |||
| Total offunds | 3,391,317 | 2,654,382 | (2,604,027) | 3,441,672 |
| Analysis | of n | et as | set | s betwe | en | funds | - curr | ent | year | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||||||||||
| funds | funds | funds | ||||||||||||
| 2022 | 2022 | 2022 | ||||||||||||
| F | ||||||||||||||
| Tangible | fixed | assets | 3,831,868 | 3,831,868 | ||||||||||
| Current assets | 496,727 | 4,594 | 501,321 | |||||||||||
| Creditors | due | within | one year | (559,107) | (559,107) | |||||||||
| Creditors | due | in more | than one year | (332,410) | (332,410) | |||||||||
| Total | 3,437,078 | 4,594 | 3,441,672 | |||||||||||
| Analysis | ofnet assets between | funds | - prior year | |||||||||||
| Unrestricted | Restricted | Total | ||||||||||||
| funds | funds | funds | ||||||||||||
| 2021 | 2021 | 2021 | ||||||||||||
| E | E | |||||||||||||
| Tangible | fixed | assets | 3,857,919 | 3,857,919 | ||||||||||
| Current assets | 315,273 | 6,100 | 321,373 | |||||||||||
| Creditors | due within | one year | (443,171) | (443,171) | ||||||||||
| Creditors | due | in more than one | year | (344,804) | (344,804) | |||||||||
| Total | 3,385,217 | 6,100 | 3,391,317 | |||||||||||
| 18. | Reconciliation | of net | movement | in funds to | net | cash flow | from operating | activities | ||||||
| 2022f | 2021 P |
|||||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of | Financial | ||||||
| Activities) | 50,355 | (25,579) | ||||||||||||
| Adjustments | for: | |||||||||||||
| Depreciation charges |
94,698 | 88,527 | ||||||||||||
| Bank interest receivable | (47) | (206) | ||||||||||||
| Bank interest paid |
9,875 | 7,803 | ||||||||||||
| Decrease/(increase) | in | debtors | 26,332 | (28,308) | ||||||||||
| Increase | in creditors | 98,581 | 104,483 | |||||||||||
| Net cash | provided | by | operating | activities | 279,794 | 146,720 |
| 2022f | 2021 | ||
|---|---|---|---|
| Cash | in hand | 451,861 | 249,330 |
| Total | cash and cash equivalents | 451,&61 | 249,330 |
| At 1 | |||||
|---|---|---|---|---|---|
| September | At 31 | ||||
| 2021 | Cash flows | August 2022 | |||
| f. | |||||
| Cash at bank and | in hand | 249,330 | 202,531 | 451,861 | |
| Debt due within | 1 | year | (33„380) | 1,627 | (31,753) |
| Debt due after 1 year | (255,682) | 30,986 | (224,696) | ||
| Finance leases | (6,350) | (33,825) | (40,175) | ||
| (46,082) | 201,319 | 155,237 |