2022-08-31-accounts - Arnold House School Ltd

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			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2022	2022	2022	2021
		Notes	8			f
INCOME FROM:
Charitable acttvitim:
School fee income		3	7,924,693		7,924,693	5,912,155
Other ancillary income			10,010		10,010	27,677
Other trading activities:
Rental income			17,724		17,724	12,338
Investment income		4	5,799		5,799	3,165
Donations and grants		5	3,716	40,603	44,319	49,379
Other income			160,998		160,998
TOTAL INCOME			I8,122,940	f40,603	f8,163,543	f6,004,714
EXPENDITURE ON:
Charitable activity:
School Operating Costs:
Teaching costs			4,246,671		4,246,671	3,245,265
Welfare costs			497,294		497,294	274,570
Premises costs			1,991,724		1,991,724	1,540,845
Support costs ofschooling			867,371		867,371	732,338
Grants, awards and prizes			12,787	73,281	86,068	102,307
			7,615,847	73,281	7,689,128	5,895,325
Raising funds:
Fundraising and development	costs		122,923		122,923	63,832
Finance costs			140,956		140,956	87,637
TOTAL EXPENDITURE		6	87,879,726	I73,28)	$7,953,007	86,046,794
NET MOVEMENT IN FUNDS			243,214	(32,678)	210,536	(42,080)
BALANCE BROUGHT FORWARD
AT I SEPTEMBER2021			9,744,134	352,927	10,097,061	10,139,141
BALANCE CARRIED FORWARD
AT31AUGUST 2022		13	89,987,348	6320,249	f10,307,597	810,097,061

		Notes	2022		2021
				f	8
FIXEDASSETS
Tangible fixed assets			13,258,257		13,428,002
			13,258,257		13,428,002
CURRENT ASSETS
Stock			5,019	4,102
Debtors		9	1,944,243	832,666
Cash at bank and in hand			4,198,798	4,216,248
			6,148,060	5,053,016
CREDITORS: Amounts	falling due
within one year		10	(3,675,884)	(2,909,082)
NET CURRENT ASSETS			2,472,176		2,143,934
TOTAL ASSETSLESS	CURRENT
LIA.BILITIES			15,530,433		15,571,936
CREDITORS: Amounts	falling due
after one year			(5,422,836)		(5,474,875)
TOTAL NET ASSETS			810,307,597		f.10,097,061
FUNDS
Unrestricted		13	9,987,348		9,744, 134
Restricted		13	320,249		352,927
			810,307,597		f10,097,061

								2022	2021
ReconciTiation ofnet cash			inflow from
operations
Net income before	investment			losses			210,536		(42,080)
Depreciation							603,819		514,820
Interest received							(5,799)		(413)
Investment income									(2,752)
Interest payable							140,956		87,637
(Increase)/decrease	in stock						(917)		19
Hncrease)/decrease	in debtors						(1,111,577)		545,506
Increase in creditors							822,024		488,288
Net cash flow from		operations						659,042	1,591,025
Cash flows from investing			activities
Investment income	received								2,752
Interest received							5,799		413
Purchase oftangible		assets					(434,074)		(9,760,957)
Net cash (used in)	investing		activitim					(428,274)	(9,757,792)
Cash flows from financing			activities
New borrowing									4,900,000
Loan repayments							(107,262)
Interest payable							(140,956)		(87,637)
Net cash (used in)/provided			by financing		activities			(248718)	4,812,363
Decrease in cash								(17,450)	(3,354,404)
Cash and cash equivalents			at	the beginning		of
the period								4,216,248	7,570,652
Cash and cash equivalents			at	the end of	the
period								84,198,798	64,216,248
Analysis ofcash and		cash equivalents
Cash at bank								f4,198,798	K4,2)6,248
Analysis ofchanges		in net	asset/(debt)			At I	Cash flows	Other	At 31August
						September		movements	2022
						2022f
Cash and cash equivalents						4,216,248	(17,450)		4,198,798
Short term borrawings						(153,125)	49,223		(103,902)
Long term borrowings						(4,746,875)	58,039		(4,688,836)
Net assets/(debt)						f(683,752)	689,812		$(593,940)

FEEINCOME			2022	2021f
Gross tuition fees			7,760,561	5,775,401
Less: bursaries			(109,920)	(104,440)
Less: staff discounts			(58,623)	(41,774)
Less: other discounts			(42,013)
			7,550,005	5,629,187
Add: bursaries funded	by restricted	funds	73,281	70,530
Net tuition fees			7,623,286	5,699,717
Registration fees			17,700	24,898
Other fees and extras			283,706	187,540
			K7,924,693	65,912,155
INVESTMENT INCOME			2022	2021
				8
Dividends				2,752
Interest receivable			5,799	413
			85,799	63,165
DONATION AND GRANT INCOME			2022	2021
Bursary fund donations			4,058	21,808
Family fund donations			32,744	23,728
Other donations			7,516	3,843
			f44,319	f49,379

6.	TOTAL EXPENDITURE	TOTAL EXPENDITURE				Staff	Other		Total
						Costs	Costs f	Depreciation	2022
	Charitable activity
	Teaching costs					3,599,733	646,938		4,246,671
	Welfare costs						497,294		497,294
	Premises costs					145,561	1,242,344	603,819	1,991,724
	Support costs					489,347	378,023		867,371
	Grants, awards &prizes						86,068		86,068
	Raising funds
	Fundraising costs					28,837	94,086		122,923
	Finance costs - interest payable						140,956		140,956
						f4,263,478	63,085,709	6603,819	f7,953,007
	Governance included	in support costs:
	Auditors remuneration	—audit ofthe financial				statements			817,940
	Auditors remuneration	—other							62,400
	TOTAL EXPENDITURE		(2021)			Staff	Other		Total
						Costs	Costs	Depreciation	2021
									rz
	Charitable activity
	Teaching costs					2,842,250	403,015		3,245,265
	Welfare costs						274,570		274,570
	Premises costs					122,437	903,588	514,820	1,540,845
	Support costs					404,320	328,018		732,338
	Grants, awards dc prizes						102,307		102,307
	Raising funds
	Fundraising costs					28,821	35,011		63,832
	Investment management		costs				87,637		87,637
						f3,397,828	f2,134,146	f514,820	f6,046,794
	Governance included	in support		costs:
	Auditors remuneration	—audit ofthe financial				statements			616,680
	Auditors remuneration	—other							62280
7.	STAFFCOSTS							2022	2021
	The average number ofemployees			during	the	year
	excluding Governors	was:
	Teachers							62	49
	Non-teachers							14	10
								76	59

STAFFCOSTS (continued)	STAFFCOSTS (continued)			2022	2021f
Staff costs during the year	amounted	to:
Wages and salaries				3,384,312	2,675,898
Social security costs				335,188	254,190
Other pension costs				543,978	467,740
				f4,263,478	f3,397,828
				2022	2021
				Number	Number
The number ofemployees	where emoluments		exceeded f60,000were:
f60,000 - f69,999
f70,000 - f79,999
f.140,000 - f,149,999 f160,000 -f169,999

No remuneration is payable to any Govern	ors. No expenses were re	imbursed to govern	ors in the year	(2021:f321).
TANGIBLE FIXEDASSETS		Fixtures
		Fittings and
	Land and	Computer	Motor
	Buildings	Equipment	Vehicles	Total
COST
At 1 September 2021	19,478,140	1,391,024	68,579	20,937,743
Additions	349,774	84,300		434,074
At 31August 2022	19,827,914	1,475,324	68,579	21,371,817
DEPRECIATION
At I September 2021	6,231,180	1,209,982	68,579	7,509,741
Charge for the year	537,384	66,435		603,819
At 31 August 2022	6,768,564	1,276,417	68,579	8,113,560
NET BOOK VALUE
At 31 August 2022	f13,059,350	f198,907		f13,258,257
At 3I August 2021	f13,246,960	f,181,042	f;	f.13,428,002

	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS	(continued)		2022	2021
						f
	Land and buildings	at net	book	value
	comprise
	Freehold property					11,452,140	11,450,602
	Leasehold property					1,607,210	1,796,358
						f13,059,350	f13,246,960
9.	DEBTORS					2022	2021
						f	f
	Fees and charges receivable					1,593,394	663,814
	Other debtors					7,877	10,825
	Prepayments and accrued		income			342,972	158,027
						f1,944,243	f832,666
10.	CREDITORS: Amounts		falling due within		one year	2022 f	2021 f
	Trade creditors					324,403	219,499
	Fees charged and fees received			in advance		2,839,292	2,055,874
	Fee deposits					52,000	52,000
	Other creditors					85,056	79,716
	Accruals					188,025	281,690
	Social security and	other	taxes			83,206	67,178
	Bank loan (see note	12)				103,902	153,125
						f3,675,884	f2,909,082

11.	CREDITORS: Amounts falling due after one year	CREDITORS: Amounts falling due after one year	2022	2021 f
	Fee deposits		734,000	728,000
	Bank loan (see note	12)	4,688,836	4,746,875
			f5,422,836	f5,474,875
12.	BANK LOANS		2022 f	2021 f
	Bank loan maturity	analysis
	Amounts falling due	within one year	103,902	153,125
	Amounts falling due	1-2 years	110,090	150,832
	Amounts falling due	2-5 years	371,202	478,651
	Amounts falling due	more than 5 years	4,207,544	4,117,392
			f4,792,738	f4,900,000

FUNDS			Balance at			Balance at
			ISeptember	Income	Expenditure	31August
			2021f			2022 f
Unrmtricted	funds
General funds			9,744,134	8,122,940	(7,879,726)	9,987,348
Restricted funds
Bursary fund			319,259	4,058	(73,281)	250,036
Family fund			18,630	32,745		51,375
School equipment		fund	15,038	3,800		18,838
			f10,097,061	I8,163,543	(7,953,007)	610,307,597

13.	FUNDS (2021)	Balance at	Balance at					Balance at
		I September		Income		Expenditure		31August
			2020					2021
			f
	Unrestricted funds
	General funds	9,754,005		5,955,478			(5,965,349)	9,744,134
	Rmtricted funds
	Bursary fund	367,981		21,808			(70,530)	319,259
	Family fund		5,817	23,728			(10,915)	18,630
	School equipment		11,338	3,700				15,038
		I10,139,141		I6,004,714			X(6,046,794)	$10,097,061
14.	ANALYSIS OF NKT ASSETSBETWEEN			FUNDS			Unrestricted	Restricted	Total
	2022						Funds	Funds	Funds
	Fixed asset						13,258,257		13,258,257
	Net current assets						2,151,927	320,249	2,472,176
	Creditors due after more than one year						(5,422,836)		(5,422,836)
							I9,987,348	6320,249	f10,307,597
	ANALYSIS OFNETASSETSBETWEEN			FUNDS			Unrmtricted	Restricted	Total
	2021						fends	fundsI	fundsI
	Fixed asset						13,428,002		13,428,002
	Net current assets						1,791,007	352,927	2,143,934
	Creditors due after more than one year						(5,474,875)		(5,474,875)
							89,744,134	X352,927	810,097,061
15.	OTHER FINANCIAL COUNTS
								Land and	buildings
								2022	2021f
	The future minimum lease payments		under non-cancellable		operating		leases:
	Within one year							340,000	340,000
	Between two and five years							1,360,000	1,360,000
	Afier more than 5 years							1,893,753	2,233,753
								f3,593,753	f3,933,753

			Unrestricted	Restricted	Total
			Funds	Funds	Funds
			2021	2021	2021
			f.	f	f
INCOME FROM:
Charitable activities:
School fee income		3	5,912,155		5,912,155
Other ancillaty income			27,677		27,677
Other trading activities:
Rental income			12,338		12,338
Investment income		4	3,165		3,165
Donations		5	143	49,236	49,379
TOTAL INCOME			85,955,478	649,236	86,004,714
EXPENDITURE ON:
Charitable activity:
School Operating Costs:
Teaching costs			3,245,265		3,245,265
Welfare costs			274,570		274,570
Premises costs			1,540,845		1,540,845
Support costs ofschooling			732,338		732,338
Grants, awards and prizes			20,862	81,445	102,307
			5,813,880	81,445	5,895,325
Raising funds:
Fundraising costs			63,832		63,832
TOTAL EXPENDITURE		6	f5,965,349	f81,445	f6,046,794
NET INCOME/(EXPENDITURE)	BEFORE
TRANSFERS &
INVESTMENT LOSSES			(9,871)	(32,209)	(42,080)
Net losses on investments
NET MOVEMENT IN FUNDS			(9,871)	(32,209)	(42,080)
BALANCE BROUGHT FORWARD
AT I SEPTEMBER2020			9,754,005	385,136	10,139,141
BALANCE CARRIED FORWARD
AT31AUGUST 2021		13	$9,744,134	f352,927	f10,097,061