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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|
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|||||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|
##
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##
##
|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|(Continued)||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|
##
##