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|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|||
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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|14-24|
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||||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|
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|||||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|
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|||||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|
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|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|
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|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|
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|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|||
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|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|
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|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|
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|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|
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|||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)||
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||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|
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|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)|