2022-08-31-accounts - The Unicorn School Ltd

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.


Contents					Pages
Legal and Administrative information
Report ofthe Governors					2-10
Independeut Auditors' Report					11-13
Statement ofFinancial Activities	(including		the Income and Expenditure	Account)	14
Balance Sheet					15
Reconciliatiou ofNet Expenditure		to Net Cash Flow and Statement ofCash Flows			16
Notes forming parr ofthe Financial		Statements			17-25

REGISTERED	COMPANY	NO.	993831
REGISTERED	CHARITY	NO.	312578

			/&/ores	2022	202/
Income from charitable	activities		2	2,310,186	2,089,567
Income and endowments		from:
Donations and legacies				35,753	33,600
Other trading activities				35,181	16,391
Interest received				490	291
Other income				30,785	15,431
Total income and endowments				2,412,395	2,/55,280
Expenditure on raising	funds			8,364	4,656
Expenditure on charitable		activities		2,329&941	2,156,1/6
Total cxpcnditure				2,338,305	2,160,772
Net income / (expendintre	)			74,090	(5,492)
Reconciliation ofFunds
Total funds brought forward				1,415)890	1,421,382
TOTAL FUNDS CARRIED FORWARD				1,489,980	1,4/5, 890

			/4o/es	2022	202I
FIXEDASSETS
Tangible fixed assets				1,329,023	/,279,899
CURRENT ASSETS
Debtors			12	88)547	73,885
Investments			13
Cash at bank and in hand				888,481	778,953
				977,028	852,838
Creditors: amounts	falling due within	one year	14	(816,071)	(7/6,847)
NET CURRENT ASSETS				160,957	/35, 99/
NET ASSETS				1,489,980	/,4/5, 890
FUNDS
Unrestricted:
Designated funds			16	206,523	286,957
General funds			16	1,283,457	I,/28, 933
TOTAL FUNDS CARRIED FORWARD			17	1,489,980	/,4/5, 890

				Notes	2022	2021
Net income / (expendihtre)		for the year			74,090	(5,492)
Adjustments for.'
Depreciation charges				9	78,280	59,129
Interest received				5	(490)	(291)
Profit on the sale ofplant	and equipment			Il		(834)
(Increase) in debtors				12	(14,662)	(24,829)
Increase /(decrease) in creditors				14	99,224	128,237
Net cash provided by/(used		in) operating	activities		236,442	155,920
STATEMENT OF		CASH FLOWS
				Notes	2022	2021
Cash flows from operating	activities:
Net cash provided by/(used		in) operating	activities		236,442	J55,920
Cash flows from uivesting	activities:
Interest received				5	490	291
Proceeds from the sale ofplant and equipment				11		2,500
Purchase ofproperty, plant	mid equipment			11	(127,404)	(141,775)
Decrease in investments				13		75,975
Net cash provided by / (used		in) iuvesting	activities		(126,914)	(63,009)
Change in cash and cash equivalents in the			year		109)528	92,911
Cash and cash equivalents	at	the beginning	ofthe year		778,953	o86;042
Cash and cash equivalents	at	the end ofthe	year		888,48)	))89))
ANALYSIS OF CASH AND			CASH	EQUIVALENTS
					2022	2021
Cash in hand					812,782	703,325
Notice deposits					75,699	75,628
Total cash and cash equivalents					888,481	778,953

INCOME FROM C	HARITABLF. ACTIVITIES
		2022	202/
Tuition fees payable	by parents	2426,434	2,0/4, 033
Add; fees funded from Bursary Fnnd		80,102	72,8/2
School tuition fees		2,306,536	2,086,867
Other fees receivable		3,650	2,700
Total income receivable

DONAT	IONS AND LEGACIES
		2022	202/
		f
Rainbow	Fund	31,628	29,473
Bursary	Fund	4,125	4,/23
		35,753	33,600

		2022	202l
		f	f
Fundralsing
School Committee	Fund
INTEREST RECEIVED
		2022	202/
Bank interest received		490	29/

OTH	ER INCOME
		2022	202/
		f	f
Grants	receivable	30,785	/4, 397
Profit	on sale offixed assets		834
		30,785	l3,43/

		Font/
		I'olshlg	Charitable	Gnvertinnce	Totnl	Totnl
		oasis	nctll'Itles	costs	2022	202/
		f			f
Staffcosts (note 8)			1,611,194		1,611,194	/,592,709
Depreciation	(note 9)		78,280		78,280	59,I29
Other		8,364	631,534	8,933	648,831	500,934
		8,364	2,321,008	8,933	2,338,305	2, /60, 772
202/		4,656	2,/47, /64	B,952

STAFFNUMBERS AND COSTS
	2022	202/
Staffcosts:
Wages and salaries	1,306,836	/,303,I579
Social security costs	131,136	/2I&,5I3
Pension costs	173,222	/62,5I7
	1,611,194	/, 592,709

The average number offull-time equivalent emplo	yees during the year was as follows:
	2022	202/
	Nnmher	Nntnhec
Teachers	26	24
Others		5
	30	29

The number ofemployees whose eniolunients as define was as follows.	d for taxation purposes amounted to over f60,0	00 in the ye
	2022	202/
	Nnmher	Nnwhee
f60,001-/70,000
/70,001-/80,000	1
880,00te890,000	2
f90,00/-f/00, 000

This is stated	atter charging:
		2822	202/
		E	E
Operating lease rentals		1,776	/, 7/7
Staffpension	contributions	173,222	/62, 5/7
Depreciation	charges	78,280	59,/29
Auditors' renutneration
External	audit	7,961	8,/62
Other services			7/5

		Freehold
		m(eras/in		Fir(ores,
	load,	hni /dinge	Plnygrnnnd	Ji(/rings
					Toro/
Cost:
At I September 2021		1,701,679	106,R2R	546,676	2,355,1R3
Additions			39,744	87,660	127,404
Disposals				(32,585)	(32,585)
At 31 August 2022		1,701,679	146,572	601,751	2,450,002
Depreciation:
At I September 2021		663,040	52,625	359,619	1,075,284
Adjustment for dispose la				(32,585)	(32,585)
Charge for the year			7,122	71,158	78,280
At 31 August 2022		663,040	59,747	398,192	1,120,979
Net book value:
At31 August2022	1,038,639		86,825	203,559	1,329,023
At 31 Augttst 2021	/,038,639		54,203	/87, 057	/,279,899

2822	202/
E
260,482	260,482

	DEBTORS
	2022 202I School fees receivable Other debtors Prepaid expenses and accrued income 41,956 6,632 39,959 88,547 32,088 2,369 39.428 73,885 INVESTMENTS 2022 2027
13 INVESTMENTS Carrying amount offinancial assets Debt instntments measured at antortised cost In 2021 a one year bond nratured (575,975)and has not been reinvested.	INVESTMENTS

INVESTMENTS
Carrying amount	offinancial	assets
Debt instntments	measured at antortised		cost
In 2021 a one year bond nratured		(575,975)and has not been reinvested.

			2022	202/
			6
Members'	unsecured	loan notes	311,500	303,500
Deferred	income (note 15)		368,018	262,259
Other creditors			43,634	48,527
Other tax	and social	security	34,001	33,I73
Accruals			58,918	69,388
			816,071	716,847

				2022	202I
				f	f
Total deferred income at			1 September 2021	262,259	205,66'I
Amounts	received	in the	year	2,332,193	2,070,653
Amounts	credited	to statement offinancial activities		(2,226,434)	(2,0 I 4,055)
Total deferred income at			31 August 2022	368,018	262,259

				hlpvtnhlg	Ontgonlg	Ifot olovnnlnnt		gtdnttpe nl	Bntnnpe nt
				I'psoln'ol's	I'pi'olo'opn	hi I'nsoiocns
						f	f		f
Designated		Funds
School Committee			Fund	35,181	(15,257)	19,924	(7,398)		12,526
Educational		Fund		51		51		95,741	95,792
Rainbow	Fund			31,679		31,679	(111,935)	80,256
Bursary Fund				4,164	(84,317)	(80,153)	67,398	110,960	98,205
Subtotal				71,075	(99,574)	(28,499)	(51,935)	286,957	206,523
General Fund				2,341,320	(2,238,731)	102,589	51,935	1,128,933	1,283,457
Total				2,412,395	(2,338,305)	74,090		1,415,890	1,489,980

ANALY	SIS OF NET ASSETS AMONG FUNDS
		Totalfitnds	TotntJitnds
		2022	2027
			f
Tangible	Fixed assets	1,329,023	),279,899
Net current assets		160,957	)35,99/
		1,4$9,980	7,4)5,890

		2022	2027
		Other	Other
Payments	due:	f	f
Within one year		1,41$	7,270
Between	Iwo and five years		9,992

		for the ear en	ded 31Au	ust 2022
				2022		202/
				f
GENERAL FUND (SCHOOL)
Turnover
Fees receivable				2,299,329		2,007,992
Other Income
Registration fees			3,650		3,300
Learning Support			7,207		4,335
Other income			30,785		31,534
Profit on sale offixed assets
Donations					250
Interest receivable			349		1,985
				41,991		41,404
				2,341,320		2,049,396
Overheads
Personnel costs			1,611,194		1,597,843
Establishment	costs		183,721		158,166
Office and administration		expenses	108,112		120,098
School supplies	and services		335,704		171,149
				2,238,731		2,047,256
Net movement	in funds	before transfers for the year		102)589		2,140

				2022		2021
				f		f
GENERAL 14'UND (SCHOOL)
Personnel costs
Salaries and wages			1,294,146		1,293,229
National Insurance costs			131,136		126,513
Pension costs			173,222		162,518
Healthcare and insurance	costs		690		44
				1,611,194		1,592,709
Establishment expenses
Rates			26,649		22,950
Light and heat			17,529		15,76I
Insurance			19,924		20,623
Repairs and maintenance			65,538		85,990
Cleaning			52,305		49,099
Lease ofequipment			I 776		717
				183,721		]96,140
Oftlce and administration		expenses
Audit fees			8,663		8,877
Legal and professional charges			27,646		44,485
Printing, stationery nnd postage			4,005		3,248
Telephone			2,455		2,343
Travel			1,093		280
Staff training and expenses			14,479		17,966
Computer services and support			29,794		29,689
Sundry expenses including		Inspection	4,497		4,141
Governance costs			270		75
Advertising, pubhcity and	subscriptions		13,295		15,011
Bank charges			1,295		1,241
Charitable donations			620		1,162
				108,112		128,518
School supplies and services
Cost ofbooks and teaching		aids	40,674		32,6l7
Catering supplies			4,522		8,321
Lunch expenses			87&023
Pitches, baths and coach hire			74,913		22,302
Field study, outings aud workshops			12,575		(45)
School productions			2,005		1,225
Computer costs including	website		35,712		31,635
Depreciation offixtures, fittings &equipment			7112110		59 129
				335 704		155,184
				2, 30 731		2,072,551
				2~22		202I
						f
DESIGNATED FUNDS
Expenditure from designated		funds		99574		88,221

			2022			2021
			f			f
DESIGNATED FUNDS
School Committee Fund
Balance ofthe fund at 31 August	2021
Income on school fairs and fundraising		35,181		16,391
Expenses on school fairs and fundraising		(8,364)		(4,656)
Donations niade to external charities		(6,893)		(9,241)
Transfer to Bursary Fund		(7,398)		(2,494)
Balance ofthe fund at 31August	2022		12,526
Educational Fund
Balance ofthe fund at 31 August	2021	95,741		95,710
Deposit interest		51		31
Balance ofthe fund at 31 August	2022		95,792		95,741
Rainbow Fund
Balance ofthe fund at 31 August	2021	80,256		80,223
Donations received		31,628		29,475
Deposit interest		51		30
Transfer to General fund		(111,935)		(29,472)
Balance ofthe fund at 31 August	2022				80,256
Bursary Fund
Balance ofthe fund at 31 August	2021	110,960		118,638
Donations received		4,125		4,125
Bursary Fund expenses		(84,317)		(74,324)
Deposit interest		39		27
Transfer from School Committee	Fund	7,398		2,494
Transfer from General Fund		60,000		60,000
Balance ofthe fund at 31 August	2022		5II20		110,960
Total Designated Funds at 31 August 2022			206 523		6	57

						2022		202)
						f
Summary ofMovements	on Designated		Funds
Balance ofthe fund at 31 August 2021				286,957			294,571
Net movement in funds for	the year			(28&499)			(38,142)
Transfer to general fund				(111,935)			(29,472)
Transfer from general fund				60,000			60,000
Balance ofthe fund at 31 August 2022					06			&7
Summary ofFinancial Activities
Net ntovement on designated funds				(28,499)			(38,142)
Surplus for the year on the	general	fund		102,589			32,650
Net movement in funds for	the year				74	090		~9492