2022-08-31-accounts - Ewell Castle School

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Governors		Mr CA Griffith
		Mrs JG Moran
		Mr NG Bird
		Mr AJ Evans
		Ms PJ Hutchinson
		Mr AC MacFarlane
		Ms LM Scott
		Mr AP Shawyer
		Mr SBSullivan
Principal		Mr SEdmonds
Deputy Heads ofSenior School		Mr S Leigh
		Mrs H Blake
Head ofPrep School		Mrs L Macallister
Deputy Heads ofPrep School		Mrs G Bean
		Mrs S Fowler
Bursar and Company Secretary		Ms J Abraham
Charity number		312079
Company	number	788782
Registered	office	Church Street
		Ewell
		Surrey
		KT172AW
Auditor		Moore Kingston		Smith LLP
Bankers		Barclays Bank	PLC
Solicitors		A.J.Lutley
		DMH Stallard	LLP
		Russell-Cooke		LLP

		Page
Governors' report		1-18
Statement ofGovernors' responsibilities		19
Independent auditor's	report	20-23
Statement offinancial	activities	24
Balance sheet		25
Statement ofcash flows
Notes to the financial	statements	27-35

				Unrestricted /
				Designated	Restricted	Total	Total
			Notes	fundsf	funds	2022f	2021
INCOME FROM:
Charitable Activities
School fees				10,043,121		10,043,121	9,233,642
Other educational		income		711,191		711,191	805,142
Investments
Investment Income				1,689		1,689	1,532
Voluntary sources
Grants and donations				33,843		33,843	8,763
Total income and endowments				10,789,844		10,789,844	10,049,079
EXPENDITURE ON:
Costs ofraising funds
Interest and other costs				28,012		28,012	29,576
Charitable activities
Education				10,183,333		10,183,333	9,691,729
Total expenditure				10,211,345		10,211,345	9,721,305
Net Income/(expenditure)				578,499		578,499	327,774
Transfer between funds
Revaluation gain				957,734		957,734
Net movement in funds				1,536,233		1,536,233	327,774
Fund balances brought	forward			7,840,399	500,939	8,341,338	8013564
Fund balances carried forward			18,19	9,376,632	500,939	9,877,571	8,341,338

ell Castle NCE SHEET 1 Au ust2022	School
		Notes	2022f	2021f
FIXEDASSETS
Tangible assets		12	9,578,894	8975 927
CURRENT ASSETS
Stocks		13	6,028	5,113
Debtors		14	664,713	337,369
Cash at bank and in hand			4,159,286	4,11'7,950
			4,830,027	4,460,432
CREDITORS: Amounts	falling due within one year	15	(3,438,788)	(3,063,522)
NET CURRENT ASSETS			1,391,239	1,396,910
TOTAL ASSETSLESS	CURRENT LIABILITIES		10,965,103	9,472,837
CREDITORS: Amounts	falling due after more than one year	16	(1,087,532)	(1,131,499)
NET ASSETS			9,877,571	8,341,338
FUNDS
Restricted funds		18	500,939	500,939
Unrestricted funds —general		18	8,418,898	7,840,399
Revaluation reserve		18	95?,734
			9,877,571	8,341,338

Net cash inflow from operating	Net cash inflow from operating	activities
Cash flows from investing	activities:
Bank interest received
Bank interest paid
Payments to acquire fixed	assets
Net cash outflow from investing		activities
Financing:
Loans repaid
Net cash outflow from financing		activities

Notes	2022	2021
	8	6
21	973,586	1,658,143
	1,689	1,532
	(28,012)
	(832,499)	(338,967)
	~858822	~337435
	(73,428)	(63,362)
	~73 428	~63,362
	41,336	1,257,346
	4,117,950	2,860,604
	4,159.286	4,117,953

3	FEE INCOME
	The School's activities are carried out within the UK. The school's fee income comprised:				2022f	2021f
	Gross fees				10,975,270	10,070,150
	Less: Scholarships		and	bursaries	(932,149)	(836,508)
					10,043,121	9,233,642
4	OTHER EDUCATIONAL			INCOME
					2022f	2021f
	Other income				711,191	805,142
5	INVESTMENT	INCOIIIIE
					2022f	2021f
	Interest received				1,609	I 532
6	DONATIONS	AND	GRANTS
					2022f	2021f
	Donations and	gifts			33,843	8,763

Staff costs			Total
(note 8}f	Other	Depreciationf	2022f
5,695,063	1,295,066		6,990,129
	157,710		157,710
245,905	1,390,876		1,636,791
1,021,700	68,037	290,276	1,380,013
	28,012		28,012
	18,700		18,?00
6,962,668	2,958,401	290,276	10,211,345
6,962609	2,950,401	200,276	10211340

(a)		Charitable expenditure	Charitable expenditure	Charitable expenditure	Charitable expenditure	Charitable expenditure		Staff costs			Total
								(note 8)f	Otherf	Depreciation	2021f
		Teaching						5,406,641	971,466		6,378,107
		Welfare							139,229		139,229
		Premises and	Estates					242,970	1,613,798		1,856,768
		Administration						979,370	32,680	305,575	1,317,625
		Finance							29,576		29,576
		Total Charitable		Expenditure				6,628,981	2,786,749	305,575	9,721 305
		Total Expended						6,628,981	2,786,749	305,575	9,721,305
(b)		Other Governance			Costs include:					2022f	2021f
		Auditors' remuneration
		-Audit Fees								15,850	12,000
		-Accountancy	Fees							2,850	1,925
(c)		Administration		Costs
		Salaries								978,892	942,478
		Staff Training								42,808	36,892
		Bad debts								(29,318)	(143,355)
		Depreciation								290,276	305,575
		Legal and Professional				Fees				97,355	176,035
		Loan Interest								28,012	29,576
										1,408,025	1,347,201
	8	STAFF COSTS								2022f	2021
		Wages and salaries								5,876,497	5,592,726
		Other pension	costs							983,215	941,080
		Other staff costs								102,958	58,303
										6862 868	6 692989
		The average monthly				number ofemployees	during the year was as follows:
										2022	2021
										No.	No.
		Teaching staff								95	92
		Domestic staff								10	9
		Administrative	staff							67	55
										172	156

NGIBLE FI	XEDASSETS
			Leasehold			Fixtures
		Freehold	Property			5	IT	Motor
		Properly	improvements			Fittings	Equipment	Vehides	Total
				8		5	F	5
Cost:
At 1 September 2021		2,109,243	8,928,552		1,116,408		907,481	158,361	13,220,045
Additions		16,677	753,819			36,028	25,975		832,499
Disposals
Revaluation		250,757							250,757
At 31August 2022		2,376,677	9,682,371		1,152,436		933,456	158,361	14,303,301
Depreciation:
At 1 September 2021		704,957	2,556,744		1,015,222		736,345	130,850	5,144,118
Charge for	year	43,844	149,387			25,532	60,534	10,979	290,276
Disposals
Revaluation		(704,957)							(704,957)
At 31August 2022		43,844	2,706,131		1,040,754		796,879	141,829	4,729,437
Net book value:
At 31 August 2022		2,332,833	6,976,240			111,682	136,577	16,532	9,573,864
At 1 September 2021		1 404 286	6371808			101,186	171 136	27,511	8075927
luation of Glyn House was complete on		30April 2022, this	was performed	by McWhirter		Locke who are a RICS Regulated		Chartered Property	and
ding Surveyor. The historic cost ofthe property was F2,109,243 and has now been revalued to52,360,000 during the year.
CK
								2022	2021
								5	5
shed goods	and goods for resale							6,028	5,113
								6028	8 113
BTORS
								2022	2021
								5
s and extras								203,580	235,478
s provision	for doubtful debts							(177,929)	(202,544)
r debtors								18,368	34,348
ayments and accrued income								820,694	270,087
								664713	337369

Fee Les Othe Prep	s and extras s provision for doubtful debts r debtors ayments and accrued income

Amounts falling due within one year:			2022	2021
			6	5
Loans			56,087	72,708
Trade creditors			301,987	438,886
Fee Deposits			617,969	596,065
Fees in advance			1,130,334	1,381,597
Other creditors			930,573	279,312
Accruals			401,838	294,954
			3438288	3583522
Deferred income:			2022	2021
			6	6
Brought forwards			1,381,597	980,906
Released in year			(1,381,597)	(980,906)
Received in year			1,130,334	1,361,597
Carried forwards			1,130,334	1,381,597
Deferred income relates to schools fees received	in advance for the following	term.
CREDITORS DUE AFTER ONE YEAR
			2022f	2021 F
Amounts falling due after more than one year:
Bank loan			751,210	808,017
Provisions			336,322	323,482
			1,0S?,532	1,131,499
			2022	2021
			6	5
Movement on loans
In one year or less			58,087	72,708
Between one and two years			751,210	808,017
			809,297	880,725

		At 1 September 2021	Income F	Expenditure E	Transfer Between Funds	Gains/ (losses)f	At 31August 2022
Unrestricted funds:
General reserve		7,840,399	10,789,844	(10,211,345)			8,418,898
Revaluation reserve						957,734	957,734
Restricted funds:
Music Pavilion
Library and Special Needs Education	Fund
Other		939					939
Fitzalan House renovation		500,000					500,000
Total restricted		500,939					500,939
Total funds		8,341,338	10,789,844	(10,211,345)		957,734	9,877,571
		At 1 September 2020	Income	Expenditure	Transfer Between Funds	Gains/ (losses)	At 31August 2021
			E	6		6
Unrestricted funds:
General reserve		8,001,499	10,049,079	(9,721,305)	(488,874)		7,840,399
Restricted funds:
Music Pavilion		9,618			(9,618)
Library and Special Needs Education	Fund	1,508			(1,508)
Other		939					939
Fitzalan House renovation					500,000		500,000
Total restricted		12,065			488,874		500,939
Total funds		8,013,564	10,049,079	(9,721,305)			8,341,338

									Unrestricted	Restricted	2022
									fundsf	fundsf	Totalf
Tangible fixed assets									9,573,864		9,573,864
Current assets/(liabilities)									1,391,239		1,391,239
Long term liabilities									(1,087,532)		(1,087,532)
Total net assets									9877 571		8877571
									Unrestricted	Restricted	2021
									fundsf	fundsf	Totalf
Tangible fixed assets									8,075,927		8,075,927
Current assets/(liabilities)									895,971	500,939	1,396,910
Long term liabilities									(1,131,499)		(1,131,499)
Total net assets									7,840,399	500,939	8341338
COMMITMENTS UNDER			OPERATING LEASES
At 31 August 2022, the company				had outstanding	commitments	for future	minimum	lease payments	under non-cancellable	operating leases,	which fall due as
follows:
										2022	2021
Due within one year										228,645	518,568
Due between two and		five	years							1,897,619	2,015,493
										2 126264	2534061
NOTES TO THE CASHFLOW STATEMENT
Reconciliation of operating			result	to net cash inflow from						2022	2021f
operating activities
Net movement in funds										1,536,233	327,774
Depreciation										290,276	305,575
Bank interest received										(1,689)	(1,532)
Repayment of loan
Interest payable										28,012
Revaluation on property										(955,714)
(Decrease)/ Increase		in provisions									323,482
Increase/(Decrease)	in creditors									404,727	807,314
(Increase)/Decrease	in debtors									(327,344)	(107,238)
(Increase)/Decrease	in stocks									(915)	2,768
										973586	1658143