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|Directors||Mrs M Brickwood|(Chair)||||||
|---|---|---|---|---|---|---|---|---|
|||Ms A Pavin|||||||
|||Ms L Henderson|||||||
|||MrJ Edgar|||||||
|||Mr E Mills|||||||
|||Mr R Tomlin|||(Appointed|23June 2022)|||
|||Mr C Bates|||(Appointed|23June 2022)|||
|||Mrs KHopper-Reeve|||(Appointed|23June 2022)|||
|||Mrs K Morgan|||(Appointed|23June 2022)|||
|||Mrs D Streatfield|||(Appointed|23 June 2022)|||
|||Mr
I White|||(Appointed|23June 2022)|||
|||Mr A Mercieca|||(Appointed|to Finance|Committee|15|
||||||June 2022;|temporarily|appointed|to|
||||||main board|7 December 2022)|||
|Secretary||Ms D Maroothynaden|||||||
|Charity number||312733|||||||
|Company|number|708188|||||||
|Registered|office|Worcester Road|||||||
|||Wimbledon|||||||
|||London|||||||
|||SW197QQ|||||||
|Auditor||Jacob Cavenagh|8 Skeet||||||
|||5 Robin Hood Lane|||||||
|||Sutton|||||||
|||Surrey|||||||
|||SM1 2SW|||||||
|Bankers||Barclays Bank Pic|||||||
|||Onslow
Hall|||||||
|||Little Green|||||||
|||Richmond|||||||
|||Surrey|||||||
|||TW9 1QS|||||||
|Solicitors||Reynolds
Porter|Chamberlain|LLP|||||
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|||Page|
|---|---|---|
|Directors' report||1-7|
|independent
auditor's|report|8-10|
|Statement
offinancial|activities||
|Balance sheet||12|
|Statement
ofcash flows||13|
|Notes to the financial|statements|14-23|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2022|2022|2022|2021|2021|2021|
||Notes|f||||||
|Income and endowments|from:|||||||
|Donations
and legacies||833|33,550|34,383|4,920|29,315|34,235|
|Charitable
activities||2,905,076||2,905,076|3,288,571||3,288,571|
|Investments||102||102|15||15|
|Other income|||||9,334||9,334|
|Total income||2,906,011|33,550|2,939,561|3,302,840|29,315|3,332,155|
|Ex enditure
on:||||||||
|Raising funds|||||366||366|
|Charitable
activities|6|2,556,974|33,550|2,590,524|3,224,844|25,642|3,250,486|
|Total expenditure||2,556,974|33,550|2,590,524|3,225,210|25,642|3,250,852|
|Gross transfers
between||||||||
|funds|||||3,673|(3,673)||
|Net income for the year/||||||||
|Net movement
in funds||349,037||349,037|81,303||81,303|
|Fund balances at 1 September||||||||
|2021||2,367,817||2,367,817|2,286,514||2,286,514|
|Fund balances at 31August||||||||
|2022||2,716,854||2,716,854|2,367,817||2,367,817|
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|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|||F||
|Fixed assets||||||||
|Tangible assets|||||4,598,162||4,716,800|
|Current assets||||||||
|Debtors||||63,635||59,266||
|Cash at bank|and in hand|||603,525||329,920||
|||||667,160||389,186||
|Creditors: amounts||falling due within||||||
|one year|||10|(827,115)||(798,655)||
|Net current|liabilities||||(159,955)||(409,469)|
|Total assets|less current liabilities||||4,438,207||4,307,331|
|Creditors: amounts||falling due after||||||
|more than one year|||||(1,721,353)||(1,939,514)|
|Net assets|||||2,716,854||2,367,817|
|Income funds||||||||
|Unrestricted|funds||||2,716,854||2,367,817|
||||||2,716,854||2,367,817|
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||||||2022||2021||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Cash flows from operating||activities|||||||
|Cash generated
from/(absorbed|||by)|17|||||
|operations||||||410,283||(121,846)|
|Investing|activities||||||||
|Purchase|oftangible fixed assets||||(33,785)||(194,387)||
|Investment|income received||||102||15||
|Nei cash used in investing||activities||||(33,683)||(194,372)|
|Financing|activities||||||||
|Proceeds|of new bank loans||||||50,000||
|Repayment|of bank loans||||(102,995)||(94,740)||
|Net cash used in financing||activities||||(102,995)||(44,740)|
|Net increase/(decrease)
in||cash and cash|||||||
|equivalents||||||273,605||(360,958)|
|Cash and|cash equivalents|at beginning||ofyear||329,920||690,878|
|Cash and|cash equivalents|at end of||year||603,525||329,920|
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|||||2022|2021|
|---|---|---|---|---|---|
|Fees receivable|for|tuition||2,903,937|3,288,405|
|Fares and other|income|||1,139|166|
|||||2,905,076|3,288,571|
|Other income||||||
|||||2022|2021|
|HMRCCoronavi|us|JobRetention|Schemegrant||9,334|
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|The average
monthly
number
ofemployees
during
the y|ear was:||
|---|---|---|
||2022|2021|
||Number|Number|
|Teaching|38|44|
|Premises
and administration|8|9|
|Total|46|53|
|Employment
costs|2022f|2021f|
|Wages and salaries|1,442,068|1,711,337|
|Social security costs|155,571|176,496|
|Other pension costs|166,055|203,448|
||1 763,694|2,091,281|
|is as foll|ows:|||
|---|---|---|---|
|||2022|2021|
|||Number|Number|
|F60,000|-F70,000|||
|F90,001|- f100,000|||
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|5|Raising funds|||||||
|---|---|---|---|---|---|---|---|
|||||||2022f|2021f|
||Advance
payment|scheme interest|||||366|
||||||||366|
|6|School operating|and governance|costs|||||
|||||Unrestricted|Restricted|Total|Total|
|||||||2022f|2021f|
||Direct costs|||||||
||Scholarships,
bursaries 8 discounts|||96,181||96,181|137,743|
||Teaching: Staff costs|||1,317,833|33,550|1,351,383|1,684,272|
||Teaching: Academic costs|||368,630||368,630|340,947|
||Premises: Staff costs|||55,431||55,431|60,660|
||Premises: Other costs|||116,018||116,018|302,756|
|||||1,954,093|33,550|1,987,643|2,526,378|
||Support costs
Teaching
Support
Admin Staff costs|costs||152,980
207,836||152,980
207,836|170,592
214,865|
||Admin Expenses|||197,423||197,423|192,702|
||Financial Expenses|||87,410||87,410|84,246|
||Change
in fair value of interest rate
Depreciation||swap|(195,191)
152,423||(195,191)
152,423|(84,964)
147,033|
|||||602,881||602,881|724,474|
|||||2,556,974|33,550|2,590,524|3,250,852|
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|7|Tangible fixed assets|Tangible fixed assets||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Land and|Fixtures,||Computers|Total|
||||||buildings|fittings|&|||
|||||||equipment||||
||Cost|||||||||
||At 1 September 2021||||6,066,853|282,473||187,727|6,537,053|
||Additions||||996|9,218||23,571|33,785|
||Disposals|||||||(20,521)|(20,521)|
||At 31August|2022|||6,067,849|291,691||190,777|6,550,317|
||Depreciation|and impairment||||||||
||At 1 September 2021||||1,468,451|198,846||152,956|1,820,253|
||Depreciation|charged|in the year||111,357|17,883||23,183|152,423|
||Eliminated
in|respect of disposals||||||(20,521)|(20,521)|
||At 31 August|2022|||1,579,808|216,729||155,618|1,952,155|
||Carrying
amount|||||||||
||At 31August|2022|||4,488,041|74,962||35,159|4,598,162|
||At 31 August|2021|||4,598,402|83,627||34,771|4,716,800|
|8|Financial
instruments|||||||2022f|2021f|
||Carrying
amount offinancial|||liabilities||||||
||Measured
at|fair value|through|profit or loss||||||
||- Other financial
liabilities|||||||112,767|307,958|
|9|Debtors|||||||||
||Amounts
falling due||within|one year:||||2022
F|2021f|
||Trade debtors|||||||7,631|13,672|
||Other debtors|||||||1,753|4,254|
||Prepayments|and accrued income||||||54,251|41,340|
|||||||||63,635|59,266|
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|10|Creditors: amounts
falling due|Creditors: amounts
falling due|within one year|within one year||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||||Notes|F|F|
||Loans and overdrafts||||12|105,064|106,839|
||Other taxation
and social security|||||37,487|40,706|
||Deferred income - Fees in|advance|||13|585,966|459,211|
||Trade creditors|||||24,258|85,625|
||Accruals|||||41,150|34,390|
||Pupils security deposits|||||30,500|43,750|
||Other creditors|||||23|25,467|
||Deferred income - Advance
payment|||scheme|13|2,667|2,667|
|||||||827,115|798,655|
|11|Creditors: amounts
falling due after more than one year|||||||
||||||Notes|2022f|2021
F|
||Loans and overdrafts||||12|1,253,336|1,354,556|
||Derivative
financial
instruments||- Interest rate swap|||112,767|307,958|
||Pupils security deposits|||||355,250|277,000|
|||||||1,721,353|1,939,514|
|12|Loans and overdrafts|||||||
|||||||2022|2021|
|||||||F||
||Bank loans|||||1,358,400|1,461,395|
||Payable
within one year|||||105,064|106,839|
||Payable after one year|||||1,253,336|1,354,556|
||Amounts
included
above which||fall|due after five years:||||
||Payable
by instalments|||||452,983|529,547|
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|||2022|2021|
|---|---|---|---|
|Fees in|advance|585,966|459,211|
|Advance|Payment Scheme|2,667|2,667|
|||588,633|461,878|
|||||2022|2021|
|---|---|---|---|---|---|
|||||F|f|
|Deferred|income is|included|within:|||
|Current|liabilities|||588,633|461,878|
|Movements
in the year:||||||
|Deferred|income at|1 September 2021||461,878|517,092|
|Released
from previous
periods||||(459,211)|(514,425)|
|Resources deferred||in the|year|585,966|459,211|
|Deferred|income at|31August 2022||588,633|461,878|
##
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||Movement|Movement|in funds|||Movement|in funds||
|---|---|---|---|---|---|---|---|---|
||Income|Expenditure||Transfers|Balance at|Income|Expenditure|Balance at|
||||||1 September|||31August|
||||||2021|||2022|
||||||f||||
|Parents of|||||||||
|Willin gton|3,673|||(3,673)|||||
|1-1 support|||||||||
|funding|25,642|(25,642)||||33,550|(33,550)||
||29,315|(25,642)||(3,673)||33,550|(33,550)||
|non-cancellable
operating
leases, which fall due as follow|s:||
|---|---|---|
||2022|2021f|
|Within one year|59,297|40,666|
|Between two and five years|215,412|156,492|
|In over five years|108,044|147,167|
||382,753|344,325|
|||2022|2021|
|---|---|---|---|
||||F|
|Aggregate|compensation|193,085|178,557|
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|17|Cash generated
from|operations|operations|||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||'E|
||Surplus for the year|||||||||349,037|81,303|
||Adjustments
for:|||||||||||
||Investment
income recognised||in|statement||offinancial||activities||(102)|(15)|
||Fair value change
in interest rate|||swap||||||(195,191)|(84,964)|
||Depreciation
and impairment
oftangible||||fixed assets|||||152,423|147,033|
||Movements
in working|capital:||||||||||
||(Increase)/decrease
in|debtors||||||||(4,369)|18,262|
||(Decrease)
in creditors|||||||||(18,270)|(228,251)|
||Increase/(decrease)
in|deferred|income|||||||126,755|(55,214)|
||Cash generated
from/(absorbed|||by) operations||||||410,283|(121,846)|
|18|Analysis ofchanges|in net (debt)/funds||||||||||
|||||||At|1|September|Cash flows|Fair value|At 31August|
|||||||||2021||movements|2022|
||||||||||f|f|F|
||Cash at bank and
in hand|||||||329,920|273,605||603,525|
||Loans falling due within one year|||||||(106,839)|1,775||(105,064)|
||Loans falling due after|more than||one year|||(1,354,556)||101,220||(1,253,336)|
||Derivatives
relating
to|debt||||||(307,958)||195,191|(112,767)|
||||||||(1,439,433)||376,600|195,191|(867,642)|