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||Page|
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|Directors Report||
|Audit Report|12|
|Statement
of Financial Activities|16|
|Balance Sheet|17|
|Statement of Cashflows|18|
|Notes to the Financial Statements|19|
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|he Charity's
banke|rs
and professional
advisers are as follo|
|---|---|
|Bankers|National Westminster
Bank Pic|
||COIF Charities
Deposit Fund|
||Santander
Bank pic|
||Nationwide
Building Society|
|Solicitors|Veale Wasbrough
Vizards|
|Auditors|Brewers Chartered
Accountants|
|Insurance|Ecclesiastical|
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||||||2022|2022|2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
|||||Note|Funds|Funds|Funds|Funds|
|INCOME FROM:|||||||||
|Charitable
Activities|||||||||
|Academic Fees|||||3,036,934||3,036,934|2,828,446|
|Grant Income|||||9,550|34,519|44,069|41,151|
|Extra-curriculum
outings|and other fees||||104,352||104,352|69,613|
|Investment
Income|||||||||
|Bank interest
income|||||5,324||5,324|1,073|
|Income from property|||||16,000||16,000|19,200|
|Other Income|||||16102|18090|34 192|5 824|
|TOTAL INCOME|||||3188262|52609|3240 871|2965 307|
|EXPENDITURE ON:|||||||||
|Raising Funds
Investment
management||costs|||3,997||3,997|3,799|
|Charitable
Activities|||||||||
|School Operating
costs|||||~063017|45 037|3 108054|2 741 388|
|TOTAL EXPENDITURE|||||3067014|45037|3112051|2745 187|
|Gains/(Losses)
on investments|||||4580||4 580|95525|
|NET INCOME/(EXPENDITURE)|||FOR THE YEAR||125,828|7,572|133,400|315,645|
|Transfers|||||21 524|21 524|||
|Net Movements
in funds|||||147,352|(13,952)|133,400|315,645|
|Reconciliation
offunds|||||||||
|Funds brought
forward|at|1 September||||||7034623|
|FUNDS CARRIED FORWARD|||AT 31 AUGUST|14&|||||
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||Note|Unrestricted|Restricted||Total|Total|
||||E|E||E|E|
|FIXEDASSETS||||||||
|Tangible assets||||||||
|School land, buildings,
and|||5,388,140|140|5,388,280||5,385,509|
|equipment||||||||
|Investments||||||||
|Investment
property
Security investment||9
10|440,266
468 137|||440,266
468 137|440,266
463557|
|TOTAL FIXEDASSETS|||6296 543|140|6|296683|6289332|
|CURRENT ASSETS||||||||
|Debtors|||123,216|||123,216|86,002|
|Cash at bank and in hand|||2724 946|45 103|2|770049|2 481 910|
|TOTAL CURRENT|ASSETS||2,848,162|45,103|2,893,265||2,567,912|
|CURRENT LIABILITIES||||||||
|Creditors: amounts|falling due|||||||
|within one year||12|885012||~886012||~690606|
|NET CURRENT ASSETS|||1 963150|45 103|2|008 253|1 877 306|
|TOTAL ASSETS LESSCURRENT||||||||
|LIABILITIES|||8259693|45243|8|304936|8166638|
|Creditors: amounts|falling due after|13||||||
|more than one year|||821 268||821 268||816370|
|Net Assets|||~25|~23|||~350268|
|Unrestricted
reserve funds
Restricted reserve funds||14
15|7,438,425
~425|45243
~243|7,438,425
45243
~7||7,291,073
59195
7350268|
|||||Note|2022f|2021
f.|
|---|---|---|---|---|---|---|
|Cashflows|from operating
activities||||||
|Net cash provided
by operating
activities||||17|400 779|356294|
|Cashf low from Investing
activities|||||||
|Investment|Income||||21,324|20,273|
|Purchase oftangible
fixed assets|||||(134,764)|(137,508)|
|Disposal proceeds oftangible
fixed assets|||||800||
|Cash used|in investing
activities||||~412540|~117235|
|Increase
in|cash and cash equivalents|in the year|||288,139|239,059|
|Cash and|cash equivalents
at the beginning||ofthe year||2 481 81~|2 242 851|
|Cash and|cash equivalents
at the end ofthe||year||||
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|2.1|Grant income||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||||E|
||Deprivation
Grant||||||9,550|9,723|
||Learning
support assistance||||||34519|31428|
||EXPENDITURE ON||INVESTMENT PROPERTY||||||
||||||||2022f|2021
8|
||Investment
property||repairs and service charges||||||
||CHARITABLE EXPENDITURE —SCHOOL OPERATING|||||COSTS|||
|||||Staff|Other||||
|||||Costs|Costs|Depreciation|Total|Total|
|||||2022|2022|2022|2022|2021|
||Charitable
Activities|||8|8|8|E|8|
||School Operating|Costs:|||||||
||Teaching costs|||1,794,172|312,642|29,187|2,136,001|1,888,586|
||Welfare|||31,144|194,956||226,100|191,586|
||Premises|||47,689|246,114|101,572|395,375|370,510|
||Support costs (note|5)||276233|134345||35~578|290 706|
||SUPPORT COSTS||||||2022|2021|
||||||||8|8|
||Salaries||||||187,895|170,593|
||Printing||||||25,447|23,347|
||Telephone||||||4,160|2,584|
||Bank charges||||||1,860|984|
||General||||||13,973|4,342|
||Loss on fixed assets||disposals||||434||
||Governance
(note 6)||||||116809|88856|
||GOVERNANCE COSTS||||||2022|2021|
||||||||8||
||Salaries||||||28,338|36,713|
||Professional fees||||||40,603|37,488|
||Bookkeeping||||||30,810||
||Audit||||||8,763|7,905|
||Accountancy||||||1,725|1,500|
||Payroll||||||5,460|4,200|
||TPA audit||||||1 110|1 050|
||STAFF COSTS||||||2022|2021|
||||||||6|8|
||Wages and salaries||||||1,680,397|1,582,314|
||Social security costs||||||166,959|146,125|
||Superannuation||||||201,113|171,923|
||Pension
contributions||||||40 770|37988|
|Number
of higher
paid employees|Number
of higher
paid employees|in bands of:|in bands of:|||2022|2021|
|---|---|---|---|---|---|---|---|
|f60,000-f70,000
f70,000 - F80,000||||||3
1|2
1|
|f80,000 - F90,000|||||||1|
|f90,000 - F100,000||||||1|1|
|The average
number|of employees||during|the year calculated|on an|||
|average
head count|basis:|||||2022|2021|
|||||||Number|Number|
|Teachers||||||29|28|
|Administrative||||||6|5|
|Domestic staff|||||||1|
|8
TANGIBLE FIXED|8
TANGIBLE FIXED|ASSETS||||||
|---|---|---|---|---|---|---|---|
|||Freehold|Building|Fixtures|Fixtures and|Computers|Total|
|||Land|and|and|Fittings|and||
||||Professional|Equipment|Restricted|Software||
||||Costs|||||
||||f|||||
|Cost:||||||||
|At 1 September 2021||1,030,790|4,687,975|894,218|19,964|233,932|6,866,879|
|Additions
Disposal|||14,382|89,726||30,656
~2631|134,764
~2631|
|At 31 A 9|t2022|1 030 790|4 702 357|983 944|19964|261 957|6 999012|
|Depreciation:||||||||
|At 1 September 2021|||744,790|542,137|19,396|175,047|1,481,370|
|Charge for the year
Disposal|||18,602|82,542|428|29,187
~7397|130,759
~7397|
|At 31 August|2022||763 392|624 679|19824|202 837|1 610732|
|Net book value:
At 31 August 2022
At 31 August 2021||~L)~
1'~|3e)3L965
~~|~
~|140
568|~
9tL()85|~8L2E
~UL)9|
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|
TO THE ACCOUNTS - (Contin
ENDED 31 AUGUST 2022|u|ed|)||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|INVESTMENT PROPERTY|||||||||||2022f|2021f|
|Long-leasehold
residential
property,||at|cost||||||||||
|This investment
has been included|in|the accounts at cost,||||which||in the|opinion ofthe||Directors|approximates|
|to the market
value of the property|based on|||market|information|||of sold prices of|||similar
properties
in the||
|same postcode location. The property
to the Headmistress
until June 2022. A|||was let on an assured
new tenant has been||||shorthold
secured||tenancy
basis on commercial
terms
post year-end.||||
|INVESTMENTS|||||||||||2022|2021|
||||||||||||E|E|
|Balance at 1 September|||||||||||463,557|368,032|
|Unrealised
revaluation
surplus/(deficit)
year|||arising|in the|||||||4 580|95525|
|Market value as at 31 August|||||||||||||
|During 2011F250,000was invested||in|CAF UK Equitrack|||Fund||—Accumulation||units.|||
|Current Asset investments
include|fixed interest deposits|||||with|maturity||greater than||100days.||
|DEBTORS|||||||||||2022
E|2021f|
|Fees|||||||||||714|1,544|
|Costs recoverable
from parents|||||||||||72,677|33,318|
|Prepayments
Other Debtors|||||||||||43,575
6 250|38,400
12740|
|CREDITORS: amounts
falling
year
Trade creditors|due||within|one|||||||2022
E
136,939|2021
E
121,702|
|Deferred income|||||||||||500,949|404,057|
|Enrolment
deposits
held on account
Taxes, pensions,
and social security
Accruals
and other creditors||costs|||||||||142,597
74,135
30392|81,950
42,378
40519|
|Deferred income reflects tuition fees||paid in advance|||||||||||
|for the following
year.|||||||||||||
|CREDITORS: amounts
falling
than one year|due||after|more|||||||2022
E|2021
F|
|Enrolment
deposits
held on account:
Due between
1 and 5years
Due after more than 5years|||||||||||292,745
528 523|338,882
477 488|
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|ANALYSIS OF NET A|SSE|TS BET|WEEN FUNDS|WEEN FUNDS|||||
|---|---|---|---|---|---|---|---|---|
||||Tangible Fixed||||||
||||Assets||Net Assets|||Total|
|||||E||8||E|
|RESTRICTED FUNDS 2022|||||||||
|Bursary Fund|||||42,603|||42,603|
|Equipment
Appeal
Fund||||140||||140|
|SHPA|||||2,500|||2,500|
|UNRESTRICTED FUNDS||2022|||||||
|General
Fund|||2,539,710||987,486|||3,527,196|
|Premises Reserve|||2 848430|||||2,848,430|
|Building
Maintenance|Fund||||1 062 799|||1 062799|
|Total as at 31August|2022||||||||
||||Tangible Fixed||||||
||||Assets||Net Assets|||Total|
|||||E|||E|E|
|RESTRICTED FUNDS 2021|||||||||
|Bursary Fund|||||58,627|||58,627|
|Equipment
Appeal
Fund||||568||||568|
|UNRESTRICTED FUNDS||2021|||||||
|General
Fund|||2,536,511||900,302|||3,436,813|
|Premises Reserve|||2,848,430|||||2,848,430|
|Building
Maintenance|Fund||||1 005|830||1 005830|
|Total as at 31 August|2021||||||||
|RECONCILIATION
OF NET INCOME TO CASHFLOW FROM||||OPERATING|ACTIVITIES||||
||||2022
E||2021||f||
|Net income||||133,400|||315,645||
|(Gain)/Loss
on investment|||(4,580)||(95,525)||||
|Depreciation
charges|||130,759||134,753||||
|Loss on disposal offixed assets|||434||||||
|(Increase)/ Decrease|in debtors||(37,214)||(28,355)||||
|Increase/(Decrease)|in creditors||199,304||50,049||||
|Investment
income|||~21 324||~20 273||||
|||||267 379|||40|649|
|CASH AND CASH EQUIVALENTS|||AND NET DEBT RECONCILIATION||||||
|Cash and cash equivalents||at the start ofthe year||2,481,910|||2,242,|851|
|Movement||||288 139|||239|059|
|Cash and cash equivalents||at the end ofthe year|||||||
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||||2021|2021||2021|
|---|---|---|---|---|---|---|
||||unrestricted|Restricted||Total|
||||Funds|Funds||Funds|
|INCOME FROM:|||||||
|Donations|||||||
|Charitable
Activities|||||||
|Academic Fees|||2,828,446||2,828,446||
|Extra-curriculum
outings||end other fees|9,723|31,428||41,151|
|Grant
Investment
Income|||69,613|||69,613|
|Interest
income
Income from property
Other income|||1,073
19,200
~824|||1,073
19,200
5 824|
|TOTAL INCOME|||2933879|31 428|~2965
07||
|EXPENDITURE ON:|||||||
|Raising Funds|||||||
|Investment
management
Charitable
Activities||costs|3,799|||3,799|
|School Operating
costs|||967|33421|~27|388|
|TOTAL EXPENDITURE|||~2711|33421|2745 187||
|Gain on Investment|||95525|||5525|
|Net Income l(expenditure)|||317,638|(1,993)|315,645||
|Transfers|||5 195|5 195|||
|NET MOVEMENT
IN FUNDS|||322,833|(7,188)|315,645||
|Reconciliation
offunds|||||||
|Funds brought
forward|at|1 September 2020|~968 24|66363|~70|4 623|
|FUNDS CARRIED FORWARD AT 31 AUGUST 2021|||||||