2022-07-31-accounts

CONTENTS			PAGE
Governors, Officers and Advisers
Annual Report ofthe Governors
Independent Auditor's Report to the Members			18
Statement of Financial Activities (Incorporating	the Income and Expenditure	Account)	22
Balance Sheet
Cash Flow Statement			24
Notes tothe Financial Statements			25

pany. The members etailed below.	ofthe Gover	ning	Body	who se	rved in off	ice as	G
			I
Governor	OO OO E O	'O O S I	0 a O Ols	O0 I IO	O 'Oo a O. E0 E IJ	'O O O g B Ol	O O E E 0 U
AAgace
SBilby
J Evans
D Fallon
I Gomes
A Horden
TJohnson
E Knight
C Man
P Sava e
PTanner
CTownsend
M Whitb

Advisers
independent		Auditor	greaten Reeves		LLP
			Springfield	House
			Springfield	Road
			Horsham
			West Sussex
			RH12 2RG
Bankers			Barclays Bank PLC
			90-92 High	Street
			Crawley
			West Sussex
			RH10 1BP
Solicitors			Moore Barlow LLP
			The Oriel
			Sydenham	Road
			Guildford
			GU13SR
Insurance	Brokers		Marsh Limited
			1-5Perrymount		Road
			Haywards	Heath
			Surrey
			RHLS 3SY
Website			www. boxhillschool. corn

Bursaries and sibling discounts Scholarships	26 pupils 119pupils	6260,362 ~3Jlgg ~6~45	33pupils 114pupils	6293,767 ~~7 5521 254

Forthe year ende	d 31July 2022		p
			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
		Note	6	6	F
Income from:
Donations and legacies					119,803
Charitable activities:
School fees receivable			9,169,529	9,169,529	8,412,279
Ancillary trading	income		690,494	690,494	342,999
Investments			37	37	53
Other income					190,000
Total income			9,860,060	9,860,060	9,055,134
Expenditure on:
Charitable activities			9,940,838	9,940,838	8,918,150
Other expenditure		9	179,912	179,912	140,575
Total expenditure			10,120,750	10,120,750	9,058,835
Net movement in	funds		(260,690)	(260,690)	6,299
Reconciliation offunds:
Total funds brought	forward		7,513,781	7,513,781	7,507,482
Total funds carried forward			7,253,091	7,253,091	7,513,781

As at 31July 202	2
				2022		2021
		Note		6
Fixed assets
Tangible assets		14		14,028,578		14,309,114
Investments		15		100		100
				14,028,678		14,309,214
Current assets
Debtors		16	338,500		2,665,205
Cash at bank and	in hand		1,430,387		1,796,842
			1,768,887		4,462,047
Creditors: amounts	falling due within one
year		17	(2,072,209)		(4,127,981)
Net current liabilities Iassets				(303,322)		334,066
Total assets less	current liabilities			13,725,356		14,643,280
Creditors: amounts	falling due after more
than one year		18		(6,412,265)		(7,129,499)
Provisions for liabilities				(60,000)
Net assets				7,253,091		7,513,781
Total net assets				7,253,091		7,513,781
Charity funds
Restricted funds		20
Unrestricted funds		20		7,253,091		7,513,781
Total funds				7,253,091		7,513,781

Statement ofcash flows Forthe year ended 31July 2022
			2022	2021
			F
Cash flows from operating activities
Net cash used in operating activities			896,978	163,067
Cash flows from investing activities
Dividends, interests and rents from investments			37	53
Proceeds from the sale of intangible assets				510,800
Purchase oftangible fixed assets			(253,675)	(90,150)
Net cash (used in)/provided by investing		activities	(253,638)	420,703
Cash flows from financing activities
Cash inflows from new borrowing				1,000,000
Repayments of borrowing			(783,519)	(601,267)
Capital element offinance leases repaid			(46,364)	(55,485)
Interest paid			(179,912)	(140,575)
Net cash (used in)/provided by financing		activities	(1,009,795)	192,572
Change in cash and cash equivalents	in	the year	(366,455)	776,342
Cash and cash equivalents at the beginning		ofthe year	1,798,842	1,020,500
Cash and cash equivalents at the end	of	the year	1,430,387	1,796,842

Charitable	Land	and	Furniture,	Fixtures	Computers,		Motor Vehicles
Activities	Buildings		and Fittings		Software	and
					Networkin
Teachin	50%		45%		50		All Minibuses
Welfare	50
Premises							All estate vehicles
Su ort			10%		50%

	Unrestricted	Total	Total
	funds	funds	funds
	2022	2022	2021
			E
Donations			8,183
Grants			111,620
Tt2022			119,803

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
			F		E
Teaching	and Academic Services (Note 5)		9,169,529	9,189,529	8,412,279
Ancillary	trading	income (Note 6)	690,494	590,494	342,999
Total 2022			9,860,023	9,880,023	6,755,278

School fees	receivables
		2022	2021
		5	8
Board and tuition fees		9,514,859	6,790,796
Fees in lieu	of notice	118,278	192,737
Scholarships	and bursaries	(583,408)	(571,254)
		9,189,529	8,412,279

Ancillary tra	ding income
		2022	2021
		E	E
Income from	extra tuition	480,345	260,068
Courses and	sub-lettings	161,982	22,681
Registration	fees	48,167	40,250
		690,494	342,999

Unrestricted	Total	Total
funds	funds	funds
2022	2022	2021
E	E
37	37	53

						Total	Total
						funds	funds
						2022	2021
						E	E
Gain	on	disposal	oftangible	fixed	assets		190,000

	Unrestricted	Total	Total
	funds	funds	funds
	2022	2022	2021
	E
Interest on bank loans and overdrafis	147,787	147,787	106,431
Finance lease charges	32,125	32,125	34,244
Total2022	179,912	179,912	140,675

		Activities
		undertaken	Governance	Total
		directly	costs	funds
		2022	2022	2022
Teaching	and Academic Services	5,369,744		5,369,744
Welfare		1,280,703		1,280,703
Premises		866,059		866,059
Support		2,329,418		2,329,418
Governance			94,914	94,914
Total20	2	9,845,924	94,914	9,940,838

	Activities
	undertaken	Governance	Total
	directly	costs	funds
	2021f	2021 F	2021f
Teaching and Academic Services	5,117,934		5,117,934
Welfare	1,079,095		1,079,095
Premises	864,709		864,709
Support	1,777,568		1,777,568
Governance		78,854	78,854
Total2021	8,839,306	78,854	8,918,160

		Teaching
		and
		Academic				Total
		Services	Welfare	Premises	Support	funds
		2022 6	2022 6	2022f	2022	2022
Staff costs		4,128,012	324,089	280,037	1,479,805	6,211,943
Depreciation		259,834	214,577		59,802	534,213
Supply staff	costs	15,682				15,682
Staff discounts		123,097				123,097
Advertising fees	and introductory	318,763			55,564	374,327
Text books	and equipment	217,758				217,758
Maintenance				31,647		31,647
Food and subsistence			612,441			612,441
Other overheads		306,598	129,596	554,375	734,247	1,724,816
Total 2022		5,369,744	1,280,703	866,059	2,329,418	9,845,924

		Teaching
		and
		Academic				Total
		Services	Welfare	Premises	Support	funds
		2021	2021	2021	2021	2021
						F
Staff costs		4,137,738	347,531	274,778	1,063,037	5,823,084
Depreciation		264,394	218,035		66,810	549,239
Staff discounts		118,962				118,962
Advertising fees	and introductory	116,979			66,753	183,732
Text books	and equipment	155,489				155,489
Maintenance				30,551		30,551
Food and subsistence			395,307			395,307
Other overheads		324,372	118,222	559,380	580,968	1,582,942
Total 2021		5,117,934	1,079,095	864,709	1,777,568	8,839,306

	Total	Total
Governance	funds	funds
2022 5	2022f	2021f
94,914	94,914	78,854

					2022	2021
						5
Fees payable	to the Charitable	Company's	auditor	for the audit ofthe
Charitable	Company's annual	accounts			11,994	12,804
Fees payable	to the Charitable	Company's	auditor	in respect of:
All non-audit	services not included above				5,527	4,500

			2022	2021
				F
Wages and	salaries		4,964,398	4,571,361
Social security costs			517,164	515,502
Contribution	toTPS &defined contribution	pension schemes	730,381	736,221
			6,211,943	5,823,084

	2022	2021
	No.	No.
Employees	149	147

		2022	2021
Teaching:	Full time	57	54
	Part time	15	16
SuPport	Full time	13	14
	Part time	17	15
Welfare:	Full time	9	11
	Part time	10	6
Premises:	Full time	9	g
Average	FTE	130	125

2022	2021
No.	No.

	Freehold	Fixtures and	Computer	Motor
	property	fittings	equipment	vehicles	Total
	E		E		E
Cost or valuation
At 1 August 2021	15,664,045	1,968,375	438,460	136,929	18,207,809
Additions	1,794	193,023	58,858	~	253,675
At31 July2022	15,665,839	2,161,398	497,318	136,929	18,461,484
Depreciation
At 1 August 2021	2,277,915	1,178,859	318,433	123,488	3,898,695
Charge for the year	284,665	160,544	85,642	3,360	534,211
At31 July2022	2,562,580	1,339,403	404,075	126,848	4,432,906
Net book value
At 31 July 2022	13,103,259	821,995	93,243	10,081	14,028,578
At 31 July 2021	13,386,130	789,516	120,027	13,441	14,309,114

		2022	2021
		E	E
Computers, software and network Motor vehicles		23,900 10,084	79,423 13,441

		Investments
		Iri
		subsidiary
		companies
		6
Cost or	valuation
At 1 August 2021		100
At 31 July 2022		100
Shares	in group undertaking

Debtors
		2022	2021
Due within one year
Trade debtors		122,827	2,617,696
Other debtors		47,491	22,403
Prepayments	and accrued income	188,182	25,106
		338,500	2,665,205

					2022	2021
					E	F
Bank	loans				418,803	394,257
Trade	creditors				143,859	91,881
Other	taxation	and	social	security	150,439	124,156

				2022	2021
				F
Obligations	under finance lease and hire purchase		contracts	28,945	61,827
Other creditors				1,109,255	499,078
Accruals and deferred		income		224,107	2,956,780
				2,072,209	4,127,981

			2022
Advance	fees at 1 August 2021		191,314
Resources deferred during the year			878,473
Amounts	released from previous	year	(353,843)
Advance	fees at 31July 2022		505,944

Creditors: Am	ounts falling due after more than on	e year
			2022	2021
			8	5
Bankloans			5,825,931	6,631,796
Net obligations	under finance lease and hire purchase	contracts		13,482
Other creditors			585,334	484,221
			5,412,285	7,129,499

Notes to the financial statements
Forthe year ended 31July 2022
Included within the above are amounts	falling due as follows:
		2022 8	2021f
Between one and two years
Bank loans		415,603	415,603
Between two and five years
Bank loans		5,411,328	6,216,193
Over five years

				Harpur vs
				Brazel
				Provision
Provided	in	the	year	60,000
				60,000

Statement offunds	- current year
		Balance at 1			Balance at
		August 2021f	Income E	Expenditure	31July 2022 f
Unrestricted funds
Designated funds
		65,465			65,465
Bursary reserve
General funds
General funds		7,448,316	9,860,060	(10,120,750)	7,187,626
Total Unrestricted	funds	7,513,781	9,860,060	(10,120,750)	7,253,091

								Balance at
								1 August			Balance at
								2020	Income	Expenditure	31 July 2021
								6	6	6	6
	Unrestricted funds
	Designated funds
	Bursary reserve							65,465			65,465
	General funds
	General funds							7,442,017	8,870,910	(8,864,611)	7,448,316
	Total Unrestricted	funds						7,507,482	8,870,910	(8,864,611)	7,513,781
21.	Reconciliation of	net movement			in funds to		net	cash flow	from operating	activities
										2022	2021
										6
	Net income/expenditure		for	the	year	(as	per	Statement	of Financial
	Activities)									(260,690)	6,299
	Adjustments for:
	Depreciation charges									534,211	549,239
	Dividends, interests	and rents from investments								(37)	(53)
	Loss/(profit) on the	sale of	fixed	assets							(190,000)
	Decrease/(increase)	in debtors								2,315,850	(61,393)
	(Decrease)/increase	in creditors								(1,932,268)	(281,700)
	Interest payable									179,912	140,675
	(Decrease)/increase	in provisions								60,000
	Net cash provided	by operating			activities					896,978	163,067

under non-	can	cellable operating leases as follows:
			2022	2021
Not later than		1 year	117,503	74,737
Later than	1 year and not later than 5years		107,455	51,700
			225,058	126,437

			2022	2021
			8	F
Operating	lease	rentals	185,250	63,011