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|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|
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|REGISTERED|COMPANY|NO.|993831|
|---|---|---|---|
|REGISTERED|CHARITY|NO.|312578|
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||||/&/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|
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||||/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|
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|||||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|
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|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||||
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|DONAT|IONS
AND LEGACIES|||
|---|---|---|---|
|||2022|202/|
|||f||
|Rainbow|Fund|31,628|29,473|
|Bursary|Fund|4,125|4,/23|
|||35,753|33,600|
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|||2022|202l|
|---|---|---|---|
|||f|f|
|Fundralsing||||
|School Committee|Fund|||
|INTEREST RECEIVED||||
|||2022|202/|
|Bank interest received||490|29/|
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|OTH|ER INCOME|||
|---|---|---|---|
|||2022|202/|
|||f|f|
|Grants|receivable|30,785|/4, 397|
|Profit|on sale offixed assets||834|
|||30,785|l3,43/|
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|||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|||
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|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|||
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|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|
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|||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|
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||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|
|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.||
||||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|
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|||||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|
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|||||hlpvtnhlg|Ontgonlg|Ifot olovnnlnnt||gtdnttpe
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|||||I'psoln'ol's|I'pi'olo'opn|hi I'nsoiocns||||
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|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|
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|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$9,980|7,4)5,890|
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|||2022|2027|
|---|---|---|---|
|||Other|Other|
|Payments|due:|f|f|
|Within one year||1,41$|7,270|
|Between|Iwo and five years||9,992|
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|||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|
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|||||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|
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|DESIGNATED FUNDS|||||||
|Expenditure
from designated||funds||99574||88,221|
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|---|---|---|---|---|---|---|
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|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|
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|||||||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|