## ||`‘Pape`| |---|---| |`Schoolinformation.`|`1`| |`Governors’Report`|`3`| |`IndependentAuditor'sReport`|`TI.`| |`‘Statementoffinancialactivities`|`16`| |`Balancesheet`|`17`| |`Cashflowstatement`|`18`| |`Notestotheaccounts`|`19`| ## ## |`Governors& / Committees:`|`Finance`|`Bursary`|`Nominations.`|`Education`| |---|---|---|---|---| |`MrJ Beckitt(Chair)`|`*`|`*`|`*`|| |`Mrs$ Bailes(resigned16.12.21)`|`+`||`+`|`*`| |`MrsA Barron`||||`oe`| |`MrsA Thomson(resigned.24.11.22)`||`*`||| |`MissK Kerr`
|`+`||`+`|| |`MrsS Kooros`
||`y`||| |`MzM Perry`
|`&`|`of.`||`*`
| |`Mrs.PMcAndrew(Vice-Chair)`
||`*`|`*`|| |`Dr`
`MSherman`
||||| |`MrJ Brough(appointed.22.04.21)`
||||`*,`
| |`MrR Watney(appointed26.08.21)`
||||
| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||`Notes`||`Unrestricted`|`Restricted`|`Total`|`Total`| |---|---|---|---|---|---|---| ||||`funds`|`funds`|`2022`|`2021`| ||||`£`|`£`|`£`|`£`| |`INCOMEANDENDOWMENTS`|`FROM`|||||| |`Charitableactivities`||||||| |`Schoolfees`|`2`||`5,782,837`|`-`|`5,782,837`|`5,246,820`| |`Othereducationalincome`|||`284,657`|`-`|`284,657`|`$1,331`| |`Registrationfeesandother`|||`59,006`|`”`|`59,006`|`69,793`| |`Otheractivitiestogeneratefunds`||||||| |`Investmentincome’`||||||`-`| |`Donations`|`3`||`-`|`49,450`|`49,450`|`21,300`| |`Otheractivities`|`3`||`16,703`|`-`|`16,703`|`5,935`| |`Totalincome`||
|

`6,143,203`|

`49,450`|

`6,192,653`|

`5,425,079`| |`TOTALEXPENDITUREON`||||||| |`Raisingfunds`
`Financingcosts.`|`4`||`2,714`|`“`|`2,714`|`;`
`2,322`| |`Charitableactivities`||||||| |`Schooloperatingcosts'andgrants`|||
`5,875,419`|
`31,515`|
`5,906,934`|
`5,518,933`| |`‘Netincome/(expenditure}before`|||
`265,070`|
`17,935`|
`283,005`|
`(96;176)`| |`gain/(loss)oninvestments`||||||| |`Net(losses)/gainsoninvestments`|`9`||`-`|`(18,857)`|`(18,857)`|`14,724`| |`Net.income/(expenditure)`|||
`265,070`|
`(922)`|
`264,148`|
`(81,452)`| |`Actuarialgain/(loss)ondefined`
`benefitpensionscheme:`|`17`||`9,925`|`.`|`9,925`|`374,`| |`Transfers`|`12`||`6,000`|`(6,006)`|`-`|`-`| |`Netmoveinentinfunds`||

`)`|

`280,995`|

`(6,922)`|

`274,073___(81,078).`|| |`Totalfundsbroughtforward,`|||`7,467,660`|`136,675.`|`7,604,335`|`7,685,413`| |`Totalfundscarriedforward`|`13`|
|
`7,748,655`
|
`129,753___7,878408`
||
`__7,604,335_`
| ||`Note`||`2022`||`2021`| |---|---|---|---|---|---| |||`£`|
`£`|`£`|`£`| |`Fixedassets`|||||| |`Tangiblefixedassets`|`8`||`6,554,164`||`6,695,521`| |`Investments`|`9`||`158,111`||`176,968`| ||||`6,712,275`||`6,872,489`| |`Currentassets`|||||| |`Debtors`|`10`|`147,518`||`218,150`|| |`Cashatbankandinhand`||`3,393,035`||`2,631,085`|| |||`3,540,553`||`2,849,235`|| |`Creditors:amountsfallingdue`|`11`|`(2,314,630)`||`(2,072,586)`|| |`withinoneyear`|||||| |`Netcurrentassets`|||`1,225,923`||`776,649`| |`Totalassetslesscurrentliabilities`|||`7,938,198`||`7,649,138`| |`Creditors:amountsfallingdueafter`|||`-`||`-`| |`oneyear`|||||| |`Netassetsbeforepensionliability`|||`7,938,198`||`7,649,138`| |`Definedbenefitpensionscheme`|`17`||`(59,790)`||`(44,803)`| |`Netassets`|||`7,878,408`||`7,604,335`| |`Funds`|||||| |`Unrestrictedfunds`|||||| |`Generalfunds`||`1,194,491`||`772,139`|| |`Fixedassetsfund`||`6,554,164`||`6,695,521`|| |`Bursaryfund`|||`-`|`-`|| ||||`7,748,655`||`7,467,660`| |`Restrictedfunds`|||`129,753`||`136,675`| |`Totalfunds`|`12`||`7,878,408`||`7,604,335`| |`Thenotesonpages19to36formpartofthesefinancialstatements.`|||||| |`ApprovedbytheBoardofGovernorsandauthorisedforissue on| mMath`
`itsbehalfby:`
`JonathanBeckitt`||||`2023and`
|`signedon`
| |`Chair`||`ChairofFinance`||`Committee`|| ## |||`2022`|||`2021`|| |---|---|---|---|---|---|---| |`Cashflowsfromoperatingactivities:`||||||| |`Netcashprovidedby/(usedin)`
`operatingactivities`|`(seebelow)`||`976,548`
`”`|||`413,954`| |`Cashflowsfrominvestingactivities:`||||||| |`Purchaseofproperty,plantand-equipment`||`(214,598)`||`(132,716)`||| |`Netcashprovidedby/(usedin)investing`
`activities`|||`(214,598)`|||`(132,716)`| |`‘Cashflowsfromfinancingactivities:`||||||| |`‘RepaymentofbankJoan`||`-`||||| |`Netcashprovidedby/(usedin)financing`||||||| |`activibies`||||||| |`Changeincashandcasheqitivalentsinthereporting`||`period`|`761,950`|||`281,238`| |`Cash.andcashequivalentsatthebeginningoftheperiod`|||`2,631,085`|||`2,349,847`| |`Cashand.cashequivalentsattheendoftheperiod`|||`3,393,035`|||`2,631,085`| |`Netiricome/(expenditure)forthe:reportirig`|`period`||`264,148`|||`(81,452)`| |`Adjustmentsfor:`|`.`|||||| |`(Gains)/lossesoninvestments`|||`18,857`|||`(14,724)`| |`Non-cashmovementonIndependentSchools’Pension`||`Scheme`|`9,925.`|||`374`| |`Depreciationcharges:`|||`326,234`|||`316,395`| |`Loss/(profit)onthesaleoffixedassets`|||`29,721`|||`714`| |`(Increase)/decreaseindebtors`|||`70,633`|||`35,922`| |`Increase/(decrease)increditors`|||`257,030`|||`156,725`| |`Netcashprovidedby/(usedin)operating`|`activities.`||`976,048`|||`413,954`| |`Analysisofchanges`
`innet debt:`
||||||| ||`Atthe`|||||`Atthe`| ||`startof`
`aa`
`year`|

|`Cash`
`flows.`|||`endof`
`year`| |`Cash`|`2,631,085`||`761,950`|||`3,393,035`| ||`2,631,085`||`761,950`|||`3,393,035`| ## ## ## ## ## ## ## |`Leaseholdpremises.`|`over50yearsoncost`| |---|---| |`Plantandequipment:`|| |`Computerequipment`|`33%perannum`| |`Fixtures,fittingsandequipment`|`10%perarinum`| ## ## ## ## ## ## ## ## ## ## |`Schoolfees.`||| |---|---|---| ||`2022`|`20214`| ||`£`|| |`Theschool'sfeeincomecomprised:`||| |`Grossfeés`
`Less:Bursariesand‘grants`
|`5,867,601`
`(103,014)`
|`5,398,643`
`(173,123)`
| ||
`5,764,587`|
`5,225,520`| |`‘Addback:grantsandbursariespaidbyrestrictedfunds`|`18,250`|`21,300`| |`Operatingschoolfee(excludingbursariesandHardshipgrants)`

|
`5,782,837`
|
`5,246,820`
| ## ## ## |`2022`||`Staffcosts`
`é`|`Othercosts`
`£`|`Depreciation`
`.`
`£`||`Total`
`£`|| |---|---|---|---|---|---|---|---| |`RaisingFunds`|||||||| |`Financecosts`||
`-`|
`2,714`|
`*`||
`2,714`|| |`Charitableactivities`|||||||| |`Schooloperatingcosts:`|||||||| |`Teaching`||`2,525,102`|`627,044`|
`144,230`||`3,296,366`|| |`Welfare(includingcatering)`||`“`|`392,638`|`3,697`||`396,355.`|| |`Premises`|`.`|`150,111`|`444,881`|`178,317`||`773;309:`|| |`‘Supportcosts(note6}`||`1,172,080`|`268,844`|
`-.`|`.`|`41,440,924`|`-`| ||
|

`3,847.293`|

`1,733,293`|


`326,234`|
|

`5,906,934`|
| |`TotalExpenditure`|
|
`3,847,293.`
|

`1,736,121`
|
`326,234`
|
|
`5,906,648`
|

| |`ffcostsexcludeChartwells.`|`Independent`
`staffof`||`£198,262(2021:`|`£171,011).`|||| |`2021`||`Staffcosts`|`|Othercosts`|
`Depreciation`||`Total.`|| |||`£`|
`£`|
`£`||`£`|| |`RaisingFunds`|||||||| |`Financecosts`|`.`
|`-`
|`2,322`
|
`-`
||`2,322`
|| |`Charitableactivities`|||||||| |`Schooloperating:costs:`|||||||| |`Teaching.`||`2,584,555`|`330,978`|
`134,514`||`3,050,047`|| |`Welfare(includingcatering)`||`-`|`310,629`|
`3,563`||`314,192`|| |`Premises`
`Supportcosts`||
`134,064`
`1,141,832`|
`446,301`
`254,179`|

`178,318`

`-`||
`758,683.`
`1,396,011`|| ||
|

`3,860,451`|

`1,342,087`|


`316,395`|
|

`5,518,933`|
| |`TotalExpenditure`|
|
`3,860,451`
|
`1,344,409`
|

`316,395`
|
|
`5,521,255`
|
| ## ||`2022`|`2021`| |---|---|---| ||`£`|`£`| |`Currentauditor`||| |`Auditor~ Auditfees.(current year)`|`13,250`|`52,300`| |`~Auditfees(prioryearunderaccrual)`|`-`|`900`| |`Auditor- Non-auditfees’`|`2,300.`|`1,700`| |`Governors:expenses`|
`2,196`|
`1,034`| ||`17,746`
|`15,934`
| ## |`Totalstaffcostswereasfollows:`|||| |---|---|---|---| ||`2029:`
`£`||`2021`
`£`| |`Wagesandsalaries`|`2,976,239`||`3,016,665`| |`Employer'snationalinsurance`|`323,750`||`319,741`| |`Employer'spensioncontributions`|`547,304`|`_`|`$24,045`| |`Totalstaff costs`|
`3,847,293`
|
|
`3,860,451`
| ## |||`2022`|`2021`| |---|---|---|---| |||`No`|`No`| |`£60,006`|`-.£70,000`|`8`|`7`| |`£70,000`|`-£80,000`|`1`|`3`| |`£90,000`|`-£100,008`|`1`|`-`| |`-£100,000`|`-£110,000`|`1`|`:`| |`£120,000`|`-£130,000`|`1`|`-`| |`£130,000`|`-£140,000`|`-`|`1`| ||`2022`|`2021`| |---|---|---| ||`No`|`No.`| |`Teaching`|`36.`|`37`| |`Teachingassistants`|`10`|`12`| |`Non-teaching.`|
`29`|
`32`| ||

`75`|

`81`| ||`2022`|`2021`| |---|---|---| ||`No`|`No:`| |`Teaching:`|`33`|`33`| |`Teachirigassistants`|`10`|`12`| |`Non-teaching`|`29`|`28`| ||
`72`
|
`73`
| ## ## ||`Léasehold`||`Plantand`||`Workin`|| |---|---|---|---|---|---|---| ||`premises.`||`Equipment`||`Progress`|`Total`| ||`£.`||`£`||`£`|`£`| |`Cost`
`.`||||||| |`At1 September`|`.`||||`-`|| |`2021`|`8,915,907`||`1,545,765`|||`10,461,672`| |`Additions`||`-`|`201,506`||`13,092`|`214,598`| |
`Disposals`||
`-`|
`(86,735)`||
`.`
`-.`|
`(86,735)`| |
`At31August2022`|
`8,915,907`||
`1,660,536`|
`—`|
`13,092`|
`10,589,535`| |`Depreciation.`||||||| |`AtlSeptember`|||||`~`|| |`2021`|`2,784,262.`||`981,889`|||`3,766,151`| |`Chargefortheyear`|`178,318`||`147,916`||`-`|`326,234:`| |
`Disposals`||
`-`|
`57,014)`||
`.`|
`(57,014)`| |
`Af31August.2022.`|
`2,962,580`|
|
`1,072;791`||
`-`|
`4,035,371`| |`Netbookvalue`||||||| |
`At31August.2022`|
`5,953,327`||
`587,745`||
`$3,092`|
`6,554,164`| |`At31August2021`
|`6,131,645`
|
`_`
|`563,876`
|`|`
|`~`
|`6,695,527`
| |`clayshasa firstlegalchargeovertheleaseholdpropertyof`|||||`thecharityasa `|`result`
`ofa loan.The`| |`kloanwasfullyrepaidinMay2019.`||||||| |`edassetinvestments.`||||||| ||||||`2022`|`2021`| |`UKManagedFunds`|||||`£`|`£`| |`Marketvalueat1 September2021`|||||`176,968`|`162,244`| |`Unrealisedinvestment`|`gains/(losses)`||||
`(48,857)`|
`14,724.`| |`Marketvalueat31August`|`2022`||||
`158,111`|
`176,968`| |`Historicalcostat31August`|`2022`||||`120,799`
|`120,799`
| ## ## ## ||`2022`|`2021`| |---|---|---| ||`£`|`£`| |`Feedebtors`|`49,161`|`29,678`| |`Otherdebtors:`|`(3,885)`|`1,742`| |`Prepaymentsandaccruedincome`|
`102,242`|
`186,730`| ||`147,518`
|`218,150`
| ## |||`2022`|`2021`| |---|---|---|---| |||`£`|`£`| |`Trade:creditors.`||`90,354`|`78,880`| |`Accruals`||`76,067`|`38,276`| |`Deferredincome.`||`217,746`|`201,764`| |`Acceptancefeesdeposits`||`1,930,442`|`1,753,356`| |`Othercreditors`|
`.`|
`20`|
`310`| |||`2:314,629`
|`2,072,586`
| ## ## ## |`2022`||||`‘Transfers,`||| |---|---|---|---|---|---|---| ||`Balanceak.`|||`actuarial`||`Balanceat`| ||`1September`|||`gain,and`||`31August`| ||`2021`|`Income`|`Expenditure`|`losson`||`2022`| ||`£`|||`investments`||`£`| |`UnrestrictedFunds:`||||||| |`Generalfunds`|`772,139`|`6,343;203`|`(5,551,899)`|`(168,952)`||`1,194,491`| |`Fixedassetfund`|`6,695,521`|`-`|`(326,234)`|`184,877`||`6,854,164`| |`Bursaryfund,`|`-`|`-`|`*`||`“`|`-`| |`RestrictedFunds:`||||||| |`Bursaryfund`|`-`|`18,250`|`(18,250)`||`-`|`-`| |`TheSainsbury`
`Fund`|`mo`
`ait;`
`123,410`|`-`|`-`|`sae`
`6`
`(18,857)`||`104,553`| |`LearningPowers`|`-`|`6,000`|`-`|`(6,000)`||`-`| |`MercersTrust`
`Fund`|`-`|`25,200`|`.`||`-`|`25,200`| |`SaturdaySchool`
|`13,265`
|`~`
|`(13,265)`
||`-`
|`0`
| ||`7,604,335`
|`6,192,653`
|`(5,909,648)`
|`(8,932)`
|
|`7,878,408`
| |`2021`|`_`|||`Transfers,`||| ||`Balanceat`|||`actuarial`||`Balanceat`| ||`‘tSeptember`|||`gain,and`||`31August`| ||`2021`|`Income.`|`Expenditure`|`losson`||`2021`| ||`£`|||`investments`||`£`| |`UnrestrictedFunds:`||||||| |`Generalfunds`|`679,607`|`5,403,779`|`(3,179,619)`|`(131,628)`||`772,139`| |`Fixedassetfund`|`6,879,914`|`-`|`(316,395)`|`132,002`||`6,695,521`| |`Bursaryfund`|`-`|`-`|`-`||`-`|`-`| |`RestrictedFunds:`||||||| |`Bursaryfund`|`-`|`21,300`|`(21,300)`||`-`|`-`| |`te Sainsbury`|`108,686`|`.`|`-`|`14,724`||`123,410`| |`Fund`|`|`|||||| |`SaturdaySchool`|`17,206,`|`-`|`(3,941)`||`°`|`13,265`| |
|`7,685,413`

|`5,425,079`

|`(5,521,255)`

|`15,098`

|

|`7,604,335`

| ## |`13,`|`Analysisofnetassetsbetween.funds`|`Analysisofnetassetsbetween.funds`||||||| |---|---|---|---|---|---|---|---|---| ||`2022.`|`Tangible`|||`Other`|||| |||`fixed`|||`-assets/`|||| |||`assets`|`Investments`||`(liabilities)`||`Total`|| |||`&`||`£`|`£`||`£`|| ||`UnrestrictedFunds:`|||||||| ||`Generalfunds`|`-`||`-`|`1,194,491`||`1,194,491`|| ||`Fixedassetfund’`|`6,554,164:`||`-`||`-`|`6,554,164`|| ||`Bursaryfund`|||||||| ||`RestrictedFunds:`
`The'Sainsbury Fund`|`:`|`158,171`||`(53,558)`||`104,553`|| ||`SaturdaySchool:`|||||||| ||`Mercers.TrustFund`|`-`||`-`|`25,200`||`25,200`|| ||`Totalfunds2022`|

`6,554,164`|

`158,111`||

`1,166,133`|

|

`7,878,408`|

`_`| ||`2021`|`Tangible`|||`‘Other:`|||| |||`fixed,`|||`assets/`|||| |||`assets`|`Investments`||`(liabilities)`||`Total`|| |||`&`|`£`||`E`||`£`|| ||`UnrestrictedFunds:`|||||||| ||`Generalfunds`|`7`||`-`|`772,139`||`772,139`|| ||`Fixedassetfund`|`6,695,521`||`-`|`:`||`6,695,521`|| ||`Bursaryfund`|||||||| ||`RestrictedFunds:`|||||||| ||`TheSainsbury`
`Fund`
`SaturdaySchool.`|`-`
`.`|`176,968`|
`.`|`(53,558)`
`13,265`|
|`123,410`
`13,265`|| ||`Totalfunds2021`|
`6,695,521`
|
`176,968`
|

|
`731,846,`
|

|
`7,004,335`
|
| ## ## ## ||`2022`|`2022`|`2021`|`2021`| |---|---|---|---|---| ||`£`|`£`|`£`|`f`| ||`Landand`||`‘Landand.`|| ||`buildings`|`Other`|`buildings`|`Other`| |`Withinoneyear`|`$3,500`|`20,919:`|`83,500`|`26,115`| |`Betweentwoanidfiveyears`|`334,000`|`73,218`|`334,000`|`74,038`| |`Inoverfiveyears`|`8,016,000`
|`-.`
|`8,099,500`
|`-`
| ||
`8,433,500`
|
`94,137`
|
`8,517,000`
|
`74,038`
| ## ## ## ||`31`|`August2022`|`31`|`Avigust2021`|`31August2020`| |---|---|---|---|---|---| |||`(Es)`
||`(Es)`
|`(Es)`
| |`Presentvaluéofprovision`
||`59,790`
||`44,803:`
|`49,442`
| ## ## ||||||`PeriodEnding`|`PeriodEnding`|`PeriodEnding`|`PeriodEnding`| |---|---|---|---|---|---|---|---|---| ||||||`31August.2022`||`31August`|`2021`| ||||||
`(Es)`||
`(Es).`|
| |
`Provisionatstartof`|
`period`|||||
`44,803.`||
`49,442`| |
`Unwindingofthediscountfactor`||
`(interest:expense)`||||
`462.`||
`423.`| |
`Deficitcontribution`|
`paid`|||||
`(4,828)`|
|
`(4,688)`| |
`Re-measurements~ `|
`impactofany`|
`chargeinassumptions`||||
`(9,925)`|
|
`(374)`| |

`Re-measurements`
`schedule`|

`-aimendments`
`to`||

`thecontribution`||
|

`29,278`|

|

`-`| |
`Provisionatend.of`|
`period`|||||
`59,790`|
|
`44803`| |`INCOMEANDEXPENDITUREIMPACT`||||||||| ||||||
`PeriodEnding`||
`PeriodEnding`|| ||||||`31August`|`2022`|`31August`|`2021`| ||||||
`(Es)`||
`(Es)`|| |`Interestexpense`||||||`A62`||`423`| |
`Remeasurements~ `|
`impactofarty‘changein.assumptions`|||||
`(9,925)`|
|
`(374)`| |
`Remeasurements`
`-.amendments`||

`to`|
`thecontribution`|||||| |
`schedule`||||||||| |
`Contributionspaid`|
`inrespectoffutureservice*`||||||
`*`|
`®`| |
`Costsrecognisedin`
|
`income.andexpenditureaccount`
|||

|
|
|
|
| |`“includesdefinedcontributionschemesandfuture’servicecontributions`||||||`(i.e.excluding`
`anydeficit`||| |`reductionpayments)to.definedbenefitschemeswhich`||||`aretreatedasdefinedcontributionschemes,`||||| |`To be-completedbythecompany.`||||||||| |`ASSUMPTIONS`||||||||| ||||
`31.August`|
`2022`|
`31August2021.`||
`31August.2020`|| ||||
`%perannum`||
`%perannum`||
`%per-annium`|| |`Rate.ofdiscount`
||||`4.31.`
||`1.09`
||`0.90`
| ## ## ## |`18.`|`Comparativestatementoffinancialactivitiesfor2021`||||| |---|---|---|---|---|---| |||`‘Unrestricted`||`Restricted`|`Total`| |||`funds`||`funds.`|`2021`| |||`£`||`£`|`£`| ||`INCOMEANDENDOWMENTSFROM`||||| ||`Charitableactivities,`||||| ||`Schoolfees`|`5,246,820`||`-`|`5,246,820`| ||`Othereducationalincome`|`$1,231`||`-`|`$1,231`| ||`Registrationfeesandotherincome:`|`69,793`||`-`|`69,793`| ||`Otheractivitiestogeneratefunds.`||||| ||`Investment income`|`~`||`-`|`-`| ||`“Donations`|`-`||`21,300`|`21,300`| ||`Otheractivities`|`5,935`||`~`|`5,935`| ||

`Totalincome`|

`5,403,779:`|

|

`21,300`|

`5,425,079`| ||`TOTALEXPENDITURE`
`ON`||||| ||`Raisingfunds`||||| ||`Finaricingcosts.`|`2,322`||`-`|`2;322`| ||`Charitableactivities`||||| ||`Schooloperatingcosts:andgrants`|`5,493,692`||`25,241`|`5,518,933`| ||

`Totalexpenditure`|

`5,496,014`|

|

`25,241`|

`5,521,255`| ||`Netincome/{expenditure)beforegain/(loss)on`|`(92,235)`||`(3,541)`|`(96,176)`| ||`investments`|||`,`|| ||`Netgains/(losses)orinvestitients`|`~`||`14,724`|`14,724`| ||
`Netincome/(expenditure)`|
`(92,235)`|
|
`10,743`|
`(84,452)`| ||`Actuarialgain/{loss)`
`on definedbenefitpension`||`.`||| ||`scheme`|`374`||`-`|`374`| ||`Transfers`|`~`||`“`|`-`| ||

`Netmovementinfunds`|

`(91,861)`|

|

`10,783`|

`(81,078)`| ||`Totalfundsbroughtforward`|`‘7,509,521`||`125;892`|`7,685,413`| ||

`Totalfundscarriedforward`
|

`7,467,660`
|


|

`136,675`
|

`7,604,335`
|