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||||||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|
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|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|||||||
||||Springfield
House|||||||
||||Springfield
Road|||||||
||||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|||||||
||||Guildford|||||||
||||Surrey|||||||
||||GU1 3SR|||||||
|Insurance|brokers||Hettle Andrews
8||Associated||Ltd|||
||||11 Brindley Place,||2 Brunswick||Square|||
||||Birmingham|||||||
||||B1 1LP|||||||
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|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|||||
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|||||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|
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|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|
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||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|
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||||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|
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|||||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.|
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||||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|
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||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|
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||||||||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|
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||||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|
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|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|
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||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|
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|||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|
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