| Contents | Page | ||
|---|---|---|---|
| Reference and Administrative | Information | 1 | |
| Governors' Report |
2-9 | ||
| Independent Auditors' |
Report | 10-12 | |
| Statement ofFinancial | Activities | 13 | |
| Balance Sheet | 14 | ||
| Cash Flow Statement | 15 | ||
| Notes to the Financial | Statements | 16-26 |
| Trustees | and Governors | and Governors | and Governors | and Governors | Mrs J M Hamilton | LLB (Hans), | LLM, DL (Chair) | |
|---|---|---|---|---|---|---|---|---|
| Mrs FGent BSc(Hons), ACA (Vice Chair) | ||||||||
| Mr J D Anderson | MA, FIA | |||||||
| Mrs EC Bates BA | (Hons), PGCE, FRGS | |||||||
| Ms E L Gabe BA | (Hons), ACA | |||||||
| Mrs E L Mee BA | (Hons) | |||||||
| Mrs S Norville BA, |
QTS, NPQH | |||||||
| Mr RJ M O' Hara | MA, RICS | |||||||
| Mr J Rotheram BSc (Hons) |
||||||||
| Mrs R A Sturt BA, | MEng, PGCE | |||||||
| Company | registered | number | 00676565 | |||||
| Charity registered | number | 312069 | ||||||
| Registered office | 10Somers Road | |||||||
| Reigate | ||||||||
| Surrey | ||||||||
| RH2 9DU | ||||||||
| Company | Secretary | Mrs L A Butterworth | (appointed | 9September 2022) | ||||
| Mrs J M Hamilton | (resigned 9 September 2022) | |||||||
| Headmaster | Mr R M Arde BA, | NPQH | ||||||
| Independent | auditors | Jacob Cavenagh | &Skeet | |||||
| 5 Robin Hood Lane | ||||||||
| Sutton | ||||||||
| Surrey | ||||||||
| SM1 2SW | ||||||||
| 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 & |
Associated Ltd |
|||||
| 11 Brindley Place, | 2 Brunswick | Square | ||||||
| Birmingham | ||||||||
| B1 1LP |
| Governor Name | Estates | Education | Finance 8 | |
| and | 8 Staffing | General | ||
| Health | Purposes | |||
| & | ||||
| Mr J D Anderson MA, FIA |
Safety | |||
| Mrs EC Bates BA (Hons), PGCE, FRGS | ||||
| Mrs C M Cartmell LLB(Hons) (resigned ' Mr J D Emmerton BSc(Hons) (resigned |
8 November 2022) 6June 2023) |
|||
| Ms E I Gabe BA (Hons), ACA * Mrs FGent BSc(Hons), ACA (Vice Chair) |
||||
| Mrs J M Hamilton LLM, DL (Chair) |
||||
| Mrs E Mee BA (Hons) | ||||
| +Mrs S Norville BA, QTS, NPQH *Mr R O'Hara MA, RICS |
||||
| Mr J Rotheram BSc(Hons) | ||||
| Mrs R A Sturt BA, MEng, PGCE |
| (6 | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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| Note | f | 2023 | f | f | 2022 | f | ||
|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||
| Intangible assets | 10 | 16,945 | ||||||
| Tangible assets | 11 | 3760669 | 3 | 831 868 | ||||
| 3,777,614 | 3,831,868 | |||||||
| Current assets | ||||||||
| Debtors | 12 | 79,775 | 49,460 | |||||
| Cash | 779133 | 451 861 | ||||||
| 858,908 | 501,321 | |||||||
| Liabilities: Amounts | falling due | |||||||
| within one year | 13 | 519618 | 559 107 | |||||
| Net current assets/(liabilities) | 339290 | 57786) | ||||||
| Total assets less current liabilities | 4,116,904 | 3,774,082 | ||||||
| Liabilities: Amounts | falling due after | |||||||
| more than one year | 14 | 294 204 | 332410 | |||||
| Net assets | ||||||||
| Funds | ||||||||
| Restricted funds | 15 | 1,904 | 4,594 | |||||
| Unrestricted funds |
15 | 382D 796 | 3 | 437 D78 | ||||
| Total funds | 16 | 3822 700 | 3 | 441 672 |
| 2023 | 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Cash provided by operating |
activities | 422,951 | 279,794 | |||||||
| Cash used in investing activities: |
||||||||||
| Interest and dividends received |
10,357 | 47 | ||||||||
| Amount invested to purchase |
tangible | |||||||||
| fixed assets | ( | 23,154) | ( 68,647) | |||||||
| Amount invested to purchase |
intangible | |||||||||
| fixed assets | ( | 21,181) | ||||||||
| Proceeds on the disposal offixed assets | 1 375 | |||||||||
| Cash (used in) investing activities |
( | 32,603) | ( | 68,600) | ||||||
| Cash used in financing activities: |
||||||||||
| New loans | 38,292 | |||||||||
| Repayment of loans |
( | 31,684) | (32,613) | |||||||
| Repayments offinance leases Interest paid |
( 15,388) ~16004 |
( 4,467) ( 9875) |
||||||||
| Cash (used in) financing activities |
( | 63076) | ( | 8663) | ||||||
| Net cash inflow | 327,272 | 202,531 | ||||||||
| Cash and cash equivalents brought |
forward | 451 861 | 249330 | |||||||
| Cash and cash equivalents | carried | forward | ~77 133 |
~41 | ||||||
| Cash provided by operating |
activities: | |||||||||
| Net income | 381,028 | 50,355 | ||||||||
| Depreciation | 94,353 | 94,698 | ||||||||
| Amor(isation | 4,236 | |||||||||
| Bank interest receivable | ( | 10,357) | ( | 47) | ||||||
| Bank interest payable | 16,004 | 9,875 | ||||||||
| Profit on disposal offixed assets | ( | 1,375) | ||||||||
| Change in debtors Change in creditors |
( 30,315) ~30623 |
26,332 98581 |
||||||||
| 422 951 | 279 794 | |||||||||
| ANALYSIS OF CHANGES IN |
NET | DEBT | ||||||||
| Brought | forward f |
Cashflows | Carried | forward E |
||||||
| Cash at bank | 451,861 | 327,272 | 779,133 | |||||||
| Debt due in less than 1 year Debt due in more than 1 year Finance leases |
( 31,753) ( 224,696) ( 40 175) ~15237 |
325 31,359 18888 ~4288 |
( 31,428) ( 193,337) 24 787) MZB~ |
| 3 DON |
A | TIONS AND LEGACIES |
||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fundsf | fundsf | 2023f | 2022f | |||
| Donations | 18,119 | 18,119 | 12,284 | |||
| Grants | 7 000 | 7 000 | 2 055 | |||
| 4 SCHOOL FEESRECEIVABLE |
||||||
| Unrestricted | Restricted | Total | Total | |||
| funds f |
funds f |
2023 | 2022f | |||
| Gross fees | 3,120,799 | 3,120,799 | 2,724,932 | |||
| Bursaries | and discounts | ( 232,473) | ( 232,473) | (162,193) | ||
| Registration | fees | 9,700 | 9,700 | 8,270 | ||
| Ancillary | income | 53 891 | 53891 | 39492 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| fundsf | funds | 2023f | 2022f | ||||
| Rental Income | 16,065 | 16,065 | 10,050 | ||||
| Bank Interest | 10357 | 10357 | 47 | ||||
| 26422 | 26 422 | 10097 | |||||
| 6 OTHER INCOME |
|||||||
| Unrestricted | Restricted | Total | Total | ||||
| fundsf | fundsf | 2023 f. |
2022f | ||||
| Other Income | 4 063 | 4 063 | 19445 | ||||
| 4 063 | ~06 | 1K445 | |||||
| 7 NET INCOME |
|||||||
| Net income is stated after charging: |
2023 | 2022f | |||||
| Depreciation | 94,353 | 93,619 | |||||
| Amortisation | 4,236 | ||||||
| Auditor's remuneration: |
audit fee | 9,420 | |||||
| Auditor's remuneration: |
non-audit | fee | 2,220 | ||||
| Previous auditor's | remuneration: | audit fee | 9,780 | ||||
| Previous auditor's |
remuneration: | non-audit fee | 2,850 | ||||
| Operating lease rentals |
18402 | 18402 |
| Staff | Other | Depreciation | 8 | Total | Total | |||
|---|---|---|---|---|---|---|---|---|
| costs f |
f | amortisation f |
2023 F |
2022f | ||||
| Charitable | Activities: | |||||||
| Teaching | 1,469,966 | 152,477 | 18,895 | 1,641,338 | 1,693,076 | |||
| Welfare | 201,078 | 427 | 201,505 | 208,083 | ||||
| Premises | 84,833 | 218,994 | 72,386 | 376,213 | 328,304 | |||
| Support | 238 351 179315D |
146201 71875D |
6 98 |
881 589 |
391433 2 610489 |
364 689 2 594 152 |
||
| Raising funds: | ||||||||
| School financing | costs | 16004 | 16004 | 9875 | ||||
| 1 793150 | 734754 | ~98 | 5 9 | 26M 4(93 | Z594327 |
| 2023 | 2022 | ||
|---|---|---|---|
| Z | E | ||
| Wages | and salaries | 1,449,497 | 1,452,224 |
| National | Insurance | 139,925 | 142,600 |
| Pension | costs (see Note 17) | 203 728 | 238813 |
| 1283350 | ~734 837 |
| The average | number ofemployees during the year was as fo |
llows: | |
|---|---|---|---|
| 2023f | 2022 | ||
| Teaching Staff | 29 | 28 | |
| Academic Support | 9 | 9 | |
| Administration | 7 | 6 | |
| Maintenance | and Housekeeping | 4 | 5 |
| M4 |
| 2023 | 2022 |
|---|---|
| E | E |
| 10 INTANGIBLE FIXEDASSETS |
||||||
|---|---|---|---|---|---|---|
| Website f |
2023 Total f |
|||||
| Cost or Valuation | ||||||
| At 1 September 2022 | ||||||
| Additions | 21,181 | 21,181 | ||||
| Disposals | ||||||
| At 31 August 2023 | 21 181 | 21 181 | ||||
| Depreciation | ||||||
| At 1 September 2022 | ||||||
| Charge for the year | 4,236 | 4,236 | ||||
| Released on disposals | ||||||
| At 31 August 2023 | 4 236 | 4236 | ||||
| Net book value At 31 August 2023 |
~1 | ~4 | ||||
| At 31 August 2022 | ||||||
| 11 TANGIBLE FIXEDASSETS |
||||||
| Freehold | Freehold | Motor | Fixtures 8 | 2023 | ||
| Property | Land f |
vehicles f |
Fittings f |
Total f |
||
| Cost or Valuation | ||||||
| At 1 September 2022 | 4,823,331 | 359,500 | 19,920 | 629,691 | 5,832,442 | |
| Additions Disposals At 31 August 2023 |
4823 331 | 359500 | 19920 | 23,154 28493) 624352 |
23,154 ~28 493) 5827103 |
|
| Depreciation | ||||||
| At 1 September 2022 | 1,431,721 | 10,845 | 558,008 | 2,000,574 | ||
| Charge for the year Released on disposals |
65,140 | 2,269 | 26,944 ) 28493) |
) | 94,353 28493) |
|
| At 31 August 2023 | 1 496 861 | 13114 | 556 459 | 2 | 066434 | |
| Net book value At 31 August 2023 |
3526470 | 359500 | ~ | 977) | 6siu69 | |
| At 31 August 2022 | ~3 39) 6 | ~59490 | 9075 | 22)L83 | 3 | 831 868 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| 6 | 6 | |||||
| Trade debtors | 20,975 | 557 | ||||
| Prepayments | and | accrued income | 58 800 ~79 77 |
48 903 ~0 |
||
| 13 CREDITORS: Amounts |
falling due within one year | |||||
| 2023 | 2022 | |||||
| E | 6 | |||||
| Bank loans | 31,428 | 31,753 | ||||
| Fees received | in | advance | (deferred income) | 317,593 | 371,064 | |
| Trade creditors | 42,956 | 51,641 | ||||
| Other tax and | social security | 35,809 | 35,983 | |||
| Finance leases | 13,520 | 15,388 | ||||
| Other creditors | 45,256 | 23,401 | ||||
| Accruals | 33056 | 29877 | ||||
| Deferred Income |
brought | forward | 371,064 | 293,200 | ||
| Additions | 317,593 | 371,064 | ||||
| Release | (371 064) | (293200) | ||||
| Deferred income | cardied | forward | 064 | |||
| 14 CREDITORS: Amounts |
falling after more than one year | |||||
| 2023 | 2022 | |||||
| 6 | 8 | |||||
| Bank Loans | 193,337 | 224,696 | ||||
| Finance Leases | 11,267 | 24,787 | ||||
| Other creditors | 89600 ~94 |
82 927 ~1 |
||||
| Loan instalments | due in over | five years | ~3948 | ~81 72 |
| 15 STATEMENT OF FUNDS |
15 STATEMENT OF FUNDS |
|||||
|---|---|---|---|---|---|---|
| Balance | Balance | |||||
| brought | canied | |||||
| 2023 | forward f |
income | Expenditure f |
Transfers f |
forward f |
|
| Designated | funds: | |||||
| Bursaries | 79,845 | (101,979) | 104,196 | 82,062 | ||
| Unrestricted | funds: | |||||
| General funds | 3357233 3437078 |
3109500 30~~1 |
(2 623 803) (2623 803) |
(104 196) | 3 738734 3820796 |
|
| Restricted | funds: | |||||
| Grants and | Donations | 4594 ~441 67 |
~7!21 | 2 69D) (2~626 49 |
1 9D4 | |
| 2022 | ||||||
| Designated | funds: | |||||
| Bursaries | 66,765 | (70,273) | 83,353 | 79,845 | ||
| Unrestricted | funds: | |||||
| General funds | 3318452 3ak2'1 7 |
2 724 655 ~26a2 |
(2602521) | (93353) | 3357233 ~47 078 |
|
| Restricted | funds: | |||||
| Grants and | Donations | 6 1DD | 1 506) | 4 594 | ||
| Dalt ')(2 | 2.654 382 | (22063)u) |
| 16 A |
NALYSIS OF NET ASSETS BYFUND | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| 2023 | funds f |
funds | funds E |
|
| Fixed Assets | 3,777,614 | 3,777,614 | ||
| Current | Assets | 857,004 | 1,904 | 858,908 |
| Current liabilities Creditors due in more than one year |
( 519,618) ) 294 204) 3820 796 |
1 904 | ( 519,618) ) 294204) 3 822 701) |
|
| 2022 | ||||
| Fixed assets | 3,831,868 | 3,831,868 | ||
| Current | assets | 496,727 | 4,594 | 501,321 |
| Current Creditors |
labilities due in more than one year |
( 559,107) 332410) 3437k77 |
~45 4 | ( 559,107) ) 332410) 3441 572 |