2023-08-31-accounts

Directors		Mr E Mills
		Mr R Tomlin
		Mr C Bates
		Mrs KHopper-Reeve
		Mrs K Morgan
		Mrs D Streatfield	(Chair)
		Mr I White
		Mrs SLeJeune			(Appointed	28 June 2023)
		Mrs F Pengelly			(Appointed	28 June 2023)
Secretary		Mrs C Woodley
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

		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	14-24

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2023	2023	2023	2022	2022	2022
		Notes	f					6
Income from:
Donations and
legacies			2,248	1,886	4,134	833	33,550	34,383
Charitable activities		3	3,312,439		3,312,439	2,905,076		2,905,076
Investments			2,707		2,707	102		102
Total income			3,317,394	1,886	3,319,280	2,906,011	33,550	2,939,561
Charitable activities		4	2,910,497	1,886	2,912,383	2,556,974	33,550	2,590,524
Net income for the year/
Net movement	in funds		406,897		406,897	349,037		349,037
Fund balances at 1
September 2022			2,716,854		2,716,854	2,367,817		2,367,817
Fund balances	at 31
August 2023			3,123,751		3,123,751	2,716,854		2,716,854

				2023	2022
			Notes	F
Fixed assets
Tangible assets				4,810,109		4,598,162
Current assets
Debtors				81,781	63,635
Cash at bank	and in hand			747,575	603,525
				829,356	667,160
Creditors: amounts		falling due within
one year				(980,240)	(827,115)
Net current	liabilities			(150,884)		(159,955)
Total assets	less current liabilities			4,659,225		4,438,207
Creditors: amounts		falling due after
more than one year			10	(1,535,474)		(1,721,353)
Net assets				3,123,751		2,716,854
Funds
Unrestricted	funds			3,123,751		2,716,854
				3,123,751		2,716,854

				2023		2022
			Notes			f
Cash flows from operating		activities
Cash generated from operations					488,019		410,263
Investing	activities
Purchase	oftangible fixed assets			(225,305)		(33,785)
Investment	income received			2,707		102
Net cash	used in investing	activities			(222,598)		(33,663)
Financing	activities
Repayment	of bank loans			(104,956)		(102,995)
Redemption of derivatives				(16,415)
Net cash	used in financing	activities			(121,371)		(102,995)
Net increase in cash and cash equivalents					144,050		273,605
Cash and	cash equivalents	at beginning	ofyear		603,525		329,920
Cash and	cash equivalents	at end of	year		747,575		603,525

2	Net income				2023	2022f
	Net income is stated after charging/(crediting)
	Fees payable to	the company's	auditor for the audit ofthe company's	financial
	statements				8,700	8,340
	Fees payable to	the company's	auditor for other services		4,620	5,230
	Depreciation ofowned tangible		fixed assets		147,943	152,423
3	School operating income
					2023	2022
						E
	Fees receivable	for tuition			3,311,629	2,903,937
	Fares and other	income			810	1,139
					3,312,439	2,905,076

School operating and	governance costs
		Unrestricted	Restricted	Total	Total
				2023	2022
				F	F
Direct costs
Scholarships, bursaries	8 dismunts	119,248		119,248	96,181
Teaching: Staff costs		1,441,615		1,441,615	1,351,383
Teaching: Academic costs		377,717		377,717	366,630
Premises: Staff costs		52,181		52,181	55,431
Premises: Other costs		118,472		118,472	116,018
		2,109,233		2,109,233	1,987,643
Support costs
Teaching Support costs		178,747		178,747	152,960
Admin Staff costs		273,567		273,567	207,836
Admin Expenses		211,531	1,886	213,417	197,423
Financial Expenses		71,044		71,044	87,410
Change in fair value of	interest rate swap	(81,568)		t81,568)	(195,191)
Depreciation		147,943		147,943	152,423
		801,264	1,886	803,150	602,881
		2,910,497	1,886	2,912,383	2,590,524

The avera	ge	monthly number ofemployees during the y	ear was:
			2023	2022
			Number	Number
Teaching			37	38
Premises	and administration		9	8
Total			48	46
Employment		costs	2023	2022
				f.
Wages and		salaries	1,598,238	1,442,068
Social security costs			185,407	155,571
Other pension costs			178,134	166,055
			1,939,779	1,763,694

			2023	2022
			Number	Number
F60,000	-	270,000
E90,001	-	2100,000

Tangible fixe	d asset	s
			Land and	Fixtures,	Computers	Total
			buildings	fittings a
				equipmentf
Cost
At 1 September 2022			6,067,849	291,691	190,777	6,550,317
Additions			234,912	113,618	11,360	359,890
Disposals					(17,600)	(17,600)
At 31August	2023		6,302,761	405,309	184,537	6,892,607
Depreciation	and impairment
At 1 September 2022			1,579,808	216,729	155,618	1,952,155
Depreciation	charged	in the year	111,357	18,132	18,454	147,943
Eliminated in	respect	ofdisposals			(17,600)	(17,600)
At 31August	2023		1,691,165	234,861	156,472	2,082,498
Carrying amount
At 31August	2023		4,611,596	170,448	28,065	4,810,109
At 31August	2022		4,488,041	74,962	35,159	4,598,162
Debtors
					2023	2022
Amounts falling due		within one year:
Trade debtors					3,406	7,631
Other debtors					2,880	1,753
Prepayments	and accrued income				75,495	54,251
					81,781	63,635

9	Creditors: amounts falling due within one year	Creditors: amounts falling due within one year	Creditors: amounts falling due within one year	Creditors: amounts falling due within one year
						2023	2022
					Notes	F
	Loans and overdrafts					105,504	105,064
	Other taxation and social security					39,687	37,487
	Deferred income - Fees in advance				13	570,544	585,966
	Trade creditors					37,424	24,258
	Accruals					168,693	41,150
	Pupils security deposits					41,750	30,500
	Other creditors					16,638	23
	Deferred income - Advance	payment		scheme	13		2,667
						980,240	827,115
10	Creditors: amounts falling due after more than one year
					Notes	2023f	2022
	Loans and overdrafts					1,147,940	1,253,336
	Derivative financial instruments		- Interest rate swap			14,784	112,767
	Pupils security deposits					372,750	355,250
						1,535,474	1,721,353
11	Loans and overdraft
						2023	2022
	Bank loans					1,253,444	1,358,400
	Payable within one year					105,504	105,064
	Payable after one year					1,147,940	1,253,336
	Amounts included above which		fall due after five years:
	Payable by instalments					372,954	452,983

12	Financial	Financial	instruments	instruments				2023	2022
								E	E
	Carrying		amount offinancial			liabilities
	Measured		at fair	value through		profit or loss
	-Other financial			liabilities				14,784	112,767
13	Deferred		income
								2023	2022
								E	E
	Fees in	advance						570,544	585,966
	Advance		Payment Scheme						2,667
								570,544	588,633
	Deferred		income	is included	in the financial statements		as follows.
								2023	2022
								E	E
	Deferred		income	is included	within:
	Current	liabilities						570,544	588,633
	Movements in the year:
	Deferred		income	at 1 September 2022				588,633	461,878
	Released		from previous periods					(588,633)	(459,211)
	Resources deferred in the year							570,544	585,966
	Deferred		income	at 31August 2023				570,544	588,633

		Movement	in funds		Movement	in funds
		Income	Expenditure	Balance at	Income	Expenditure	Balance at
				1 September			31August
				2022			2023
			F
Parents of	Willington				1,886	(1,886)
1-1 support	funding	33,550	(33,550)
		33,550	(33,550)		1,886	(1,886)

	2023	2022
Within one year	63,584	59,297
Between two and five years	203,039	215,412
In over five years	68,921	108,044
	335,544	382,753

18	Gash generated from	operations	operations					2023	2022
	Surplus for the year							406,897	349,037
	Adjustments for:
	Investment income recognised in statement			offinancial		activities		(2,707)	(102)
	Fair value change in interest rate		swap					(81,568)	(195,191)
	Depreciation and impairment oftangible fixed assets							147,943	152,423
	Movements in working	capital:
	(Increase) in debtors							(18,146)	(4,369)
	Increase/(decrease) in	creditors						53,689	(18,270)
	(Decrease)/increase in	deferred	income					(18,089)	126,755
	Cash generated from	operations						488,019	410,283
19	Analysis ofchanges	in net (debt)/funds
				At	1September		Cash flows	Fair value	At 31August
						2022		movements	2023
						f.			F.
	Cash at bank and in hand					603,525	144,050		747,575
	Loans falling due within one year					(105,064)	(440)		(105,504)
	Loans falling due after	more than	one year		(1,253,336)		105,396		(1,147,940)
	Derivatives relating to debt					(112,767)	16,415	81,568	(14,784)
						(867,642)	265,421	81,568	(520,653)