2023-08-31-accounts

Governors& / Committees:	Finance	Bursary	Nominations	Education
MrJ Beckitt(Chair)		*	+
MrsA Barron				Ea
MrJ Brough				*
MissK Kerr(resigned09.03.23)			*
MrM Perry DrM Sherman MrR Watney MtsS Kooros(resigned22.06.23) Mrs5 Paillasse(appointed09.03.23) MrsD Pierce-Burgess(appointed09.03.23) MrsP McAndrew(Vice-Chair) MrsA Thomson(resigned24.11.22)		+ + * * %	+ %	* *

	Notes	Unrestricted	Restricted	Total		Total
		funds	funds	2023		2022
		£	£	£		£
INCOMEANDENDOWMENTS	FROM
Charitableactivities
Schoolfees	2	6,532,035	-	6,532,035		5,782,837
Othereducationalincome		319,107	-	319,107		284,657
Registrationfeesandother		63,998	-	63,998		59,006
Otheractivitiestogeneratefunds
Investmentincome		139,756	-	139,756		-
Donations	3	-	117,984	117,984		49,450
Otheractivities	3	20,943	-	20,943		16,703
Totalincome		7,075,839	117,984	7,193,823		6,192,653
TOTALEXPENDITUREON
Raisingfunds	4	12,511	-	12,511		2,714
Charitableactivities
Schooloperatingcostsandgrants		6,488,383	60,683	6,549,066		5,906,934
Totalexpenditure	5	6,500,894	60,683	6,561,577		5,909,648
Netincome/(expenditure)before		574,945	57,301	632,246		283,005
gain/(loss)oninvestments
Net(losses)/gainsoninvestments	9	-	1,740	1,740		(18,857)
Netincome/(expenditure)		574,945	59,041	633,986		264,148
Actuarialgain/(loss)ondefined	v7	3,232	;	3,232		9,925
benefitpensionscheme
Transfers	12	-	-		-		-
Netmovementinfunds		578,177	59,041	637,218		274,073
Totalfundsbroughtforward		7,748,655	129,753	7,878,408		7,604,335
Totalfundscarriedforward	13	8,326,832	188,794	8,515,626		7,878,408

	Note		2023		2022
		£	£	£	£
Fixedassets
Tangiblefixedassets	8		6,499,657		6,554,164
Investments	9		-		158,111
			6,499,657		6,712,275
Currentassets
Debtors	10	142,077		147,518
Cashatbankandinhand		4,406,589		3,393,035
		4,548,666		3,540,553
Creditors:amountsfallingdue	11	(2,480,263)		(2,314,630)
withinoneyear
Netcurrentassets			2,068,403		1,225,923
Totalassetslesscurrentliabilities			8,568,060		7,938,198
Creditors:amountsfallingdueafter			-		-
oneyear
Netassetsbeforepensionliability			8,568,060		7,938,198
Definedbenefitpensionscheme	17		(52,434)		(59,790)
Netassets			8,515,626		7,878,408
Funds
Unrestrictedfunds
Generalfunds		1,827,175		1,194,491
Fixedassetsfund		6,499,657		6,554,164
Bursaryfund		-		-
			8,326,832		7,748,655
Restrictedfunds			188,794		129,753
Totalfunds	12		8,515,626		7,878,408
Thenotesonpages19to36formpartof	thesefinancialstatements.
ApprovedbytheBoardofGovernorsandauthorisedforissueon			De\ W	2023and	signedon
itsbehalfby:
JonathanBeckitt
Chair		Chair	ofFinance	Committee
Companyregistrationnumber00571803

				2023		2022
				£	£	£		£
Cashflowsfrom operatingactivities:
Netcashprovidedby/(usedin)					992,240		976,548
operatingactivities		(seebelow)
Cashflowsfrominvestingactivities:
Purchaseofproperty,plantandequipment				(278,293)		(214,598)
Interestreceived				139,756		-
Proceedsreceivedfromsaleofinvestments N : ye . etcashprovidedby/(usedin)investing activities			159,851 —To_		21,314	-	(214,598)
Cashflowsfromfinancingactivities:
Repaymentofbankloan				~		-
Netcashprovidedby/(usedin)financing					;			;
activities
Changeincashandcashequivalents	inthe	reporting		period	1,013,554		761,950
Cashandcashequivalentsatthebeginningofthe			period		3,393,035		2,631,085
Cashandcashequivalentsattheend	oftheperiod				4,406,589		3,393,035
Reconciliationofnetincome/(expenditure)		tonet	cash	flowfrom	operating	activities
Netincome/(expenditure)forthereporting		period			633,986		264,148
Adjustmentsfor:
(Gains)/lossesoninvestments					(1,740)		18,857
Non-cashmovementonIndependent	Schools’Pension			Scheme	3,232		9,925
Depreciationcharges					332,392		326,234
Interestreceivable					(139,756)			-
Loss/(profit)onthesaleoffixedassets					407		29,721
(Increase)/decreaseindebtors					5,441		70,633
Increase/(decrease)increditors					158,278		257,030
Netcashprovidedby/(usedin)operatingactivities					992,240		976,548
Analysisofchangesinnetdebt
. \ oo		At	the		Gash	tt	,Atthe
;		startof year			flows		endof year
Cash		3,393,035			1,013,554		4,406,589
		3,393,035			1,013,554		4,406,589
							Page18

Schoolfees
	2023	2022
	£	£
Theschool'sfeeincomecomprised:
Grossfees Less:Bursariesandgrants	6,577,301 (86,417)	5,867,601 (103,014)
Addback:granisandbursariespaidbyrestrictedfunds	6,490,884 41,151	5,764,587 18,250
Operatingschoolfee(excludingbursariesandHardshipgrants)	6,532,035	5,782,837
Otherincome	2023 £	2022 £
Donations: BursaryFund(restricted) LearningPowers(restricted) MercersTrustFund(restricted)	63,784 2,000 200	18,250 6,000 25,200
SaturdaySchool(restricted)	6,000	-
Buildingfund(restricted)	46,000	-
	117,784	49,450
Otheractivities:
FacilitieshiredoutbytheSchool	20,943	16,703
Donationincomeincludesgiftaidincomeonrelevantdonations.
Raisingfunds	2023	2022
	£	£
Financecosts:
Otherinterestpayable	2,425	462
Bankcharges	2,048	2252
Costoffundraisingactivities	8,038	-
	12,511	2,714

2023	Staffcosts	Othercosts	Depreciation	Total
	£	£	£	£
RaisingFunds	-	12,511	-	12,511
Charitableactivities
Schooloperatingcosts:
Teaching	2,813,021	623,335	150,258	3,586,614
Welfare(includingcatering)	-	445,120	3,816	448,936
Premises	155,264	558,515	178,318	892,097
Supportcosts(note6)	1,290,625	330,794	-	1,621,419
	4,258,910	1,957,764	332,392	6,949,066
TotalExpenditure	4,258,910	1,970,275	332,392	6,961,577

2022	Staffcosts	Othercosts	Depreciation	Total
	£	£	£	£
RaisingFunds	-	2,714	-	2,714
Charitableactivities
Schooloperatingcosts:
Teaching	2,525,102	627,044.	144,220	3,296,366
Welfare(includingcatering)	-	392,638	3,697	396,355
Premises	150,111	444,881	178,317	773,309
Supportcosts	1,172,080	268,844	-	1,440,924
	3,847,293	1,733,293	326,234	5,906,934
TotalExpenditure	3,847,293	1,736,121	326,234	5,909,648

	2023	2022
	£	£
Currentauditor
Auditor- Auditfees(currentyear)	15,800	13,250
Auditor- Non-auditfees	2,600	2,300
Governors’expenses	8,020	2,196
	26,420	17,746

Totalstaffcostswereasfollows:
	2023	2022
	£	£
Wagesandsalaries	3,327,439	2,976,239
Employer'snationalinsurance	360,644	323,750
Employer'spensioncontributions	570,827	547,304
Totalstaffcosts	4,258,910	3,847,293

			2023	2022
£60,000	-	£70,000	7
£70,000	-	£80,000	2	1
£80,000	-	£90,000	1
£90,000	-	£100,000	-	1
£100,000		-£110,000	1	1
£110,000		-£120,000	1	-
£120,000		-£130,000	-	1

	2023	2022
	No	No
Teaching	40	36
Teachingassistants	12	10
Non-teaching	34	29
	86	75

	2023	2022
	No	No
Teaching	38	33
Teachingassistants	12	10
Non-teaching	29	29
	79	72

	Leasehold	Plantand	Workin
	premises	Equipment	Progress	Total
	&	£	£	£
Cost
At1 September2022	8,915,907	1,660,536	13,092	10,589,535
Additions	-	219,112	59,181	278,293
Disposals	-	(30,000)	-	(30,000)
At31August2023	8,915,907	1,849,648	72,273	10,837,828
Depreciation
At1 September2022	2,962,580	1,072,791	-	4,035,371
Chargefortheyear	178,318	154,074	-	332,392
Disposals	-	(29,592)	-	(29,592)
At31August2023	3,140,898	1,197,273	-	4,338,171
Netbookvalue
At31August2023	5,775,009	652,375	72,273	6,499,657
At31August2022	5,953,327	587,745	13,092	6,554,164

	2023	2022
UKManagedFunds	£	£
Marketvalueat 1September2022	158,111	176,968
Investmentgains/(losses)	1,740	(18,857)
Proceedsfromdisposalofinvestments	(159,851)	-
Marketvalueat31August2023	-	158,111
Historicalcostat31August2023	-	120,799
Theinvestmentwasheldprincipallytoprovideincome	fortheSainsburyFund(note13).

10.	Debtors
		2023	2022
		£	£
	Feedebtors	44,193	49,161
	Otherdebtors	(207)	(3,885)
	Prepaymentsandaccruedincome	98,091	102,242
		142,077	147,518

	2023	2022
	£	£
Tradecreditors	83,805	90,354
Accruals	85,283	76,067
Deferredincome	238,186	217,746
Acceptancefeesdeposits	2,072,989	1,930,442
Othercreditors	-	20
	2,480,263	2,314,629

2023				Transfers,
	Balanceat			actuarial	Balanceat
	1September			gain,and	31August
	2022.	Income	Expenditure	—losson	2023
	£			investments	£
UnrestrictedFunds:
Generalfunds	1,194,491	7,075,839	—-(6,168,502)	(274,653)	1,827,175
Fixedassetfund	6,554,164	-	(332,392)	277,885	6,499,657
RestrictedFunds:
Bursaryfund	-	63,784	(41,151)	-	22,633
TheSainsbury Fund	104,553	-	-	1,740	106,293
LearningPowers	-	2,000	-	-	2,000
MercersTrust Fund	25,200	200	(13,532)	-	11,868
SaturdaySchool	-	6,000	(6,000)	-	-
BuildingFund	~	46,000	-	-	46,000
	7,878,408	7,193,823	(6,561,577)	4,972	8,515,626
2022				Transfers,
	Balanceat			actuarial	Balanceat
	1September			gain,and	31August
	2022	Income	Expenditure	losson	2022
	£			investments	£
UnrestrictedFunds:
Generalfunds	772,139	6,143,203	(5,551,899)	(168,952)	1,194,491
Fixedassetfund	6,695,521	-	(326,234)	184,877	6,554,164.
RestrictedFunds:
Bursaryfund	-	18,250	(18,250)	-	-
TheSainsbury Fund	123,410	-	-	(18,857)	104,553
LearningPowers	-	6,000	-	(6,000)	-
MercersTrust Fund	-	25,200	-	-	25,200
SaturdaySchool	13,265	-	(13,265)	-	-
	7,604,335	6,192,653	(5,909,648)	(8,932)	7,878,408

13.	Analysisofnetassetsbetweenfunds	Analysisofnetassetsbetweenfunds
	2023	Tangible		Other
		fixed		assets/
		assets	Investments	(liabilities)	Total
		£	£	£	£
	UnrestrictedFunds:
	Generalfunds	~	-	1,827,175	1,827,175
	Fixedassetfund	6,499,657	-	-	6,499,657
	RestrictedFunds:
	BursaryFund	.	-	22,633	22,633
	TheSainsburyFund	-	-	106,293	106,293
	LearningPowers	.	-	2,000	2,000
	MercersTrustFund	-	-	11,868	11,868
	BuildingFund	-	-	46,000	46,000
	Totalfunds2023	6,499,657	-	2,015,969	8,515,626
	2022	Tangible		Other
		fixed		assets/
		assets	Investments	(liabilities)	Total
		£	£	£	£
	UnrestrictedFunds:
	Generalfunds	-	-	1,194,491	1,194,491
	Fixedassetfund	6,554,164	-	-	6,554,164
	RestrictedFunds:
	TheSainsburyFund	-	158,111	(53,558)	104,553
	SaturdaySchool
	MercersTrustFund	-	-	25,200	25,200
	Totalfunds2022	6,554,164	158,111	1,166,133	7,878,408

	2023	2023	2022	2022
	£	£	£	£
	Landand		Landand
	buildings	Other	buildings	Other
Withinoneyear	83,500	20,919	83,500	20,919
Betweentwoandfiveyears	334,000	52,299	334,000	73,218
Inoverfiveyears	7,932,500	-	8,016,000	-
	8,350,000	73,218	8,433,500	94,137

	31	August2023	31August2022	31	August2021
		(£s)	(£s)		(Es)
Presentvalueofprovision		52,434	59,790		44,803

					PeriodEnding	PeriodEnding		PeriodEnding	PeriodEnding
					31August	2023		31August	2022
					(Es)			(Es)
Provisionatstartof	period					59,790			44,803
Unwindingofthediscountfactor		(interestexpense)				2,425			462
Deficitcontribution	paid					(6,549)			(4,828)
Re-measurements-	impactofany	changein		assumptions		(3,232)			(9,925)
Re-measurements schedule	-amendments	to	the	contribution			-		29,278
Provisionatendof	period					52,434			59,790
NCOMEANDEXPENDITUREIMPACT
					PeriodEnding			PeriodEnding
					31August	2023		31August	2022
					(£s)			(Es)
Interestexpense						2,425			462
Remeasurements—	impactofany	changein		assumptions		(3,232)			(9,925)
Remeasurements —amendments		to	the	contribution			-		29,278
schedule
Contributionspaid	inrespectoffutureservice*									*
Costsrecognisedin	incomeandexpenditureaccount									*

	31	August2023	31August2022	31August2021
	%	perannum	%perannum	%perannum
Rateofdiscount		5.79	4.31	1.09

18.	Comparativestatementoffinancialactivitiesfor2022
		Unrestricted	Restricted		Total
		funds	funds		2022
		£	£		£
	INCOMEANDENDOWMENTSFROM
	Charitableactivities
	Schoolfees	5,782,837	-		5,782,837
	Othereducationalincome	284,657	-		284,657
	Registrationfeesandotherincome	59,006	-		59,006
	Otheractivitiestogeneratefunds
	Investmentincome
	Donations	-	49,450		49,450
	Otheractivities	16,703	-		16,703
	Totalincome	6,143,203	49,450		6,192,653
	TOTALEXPENDITUREON
	Raisingfunds
	Financingcosts	2,714	-		2,714
	Charitableactivities
	Schooloperatingcostsandgrants	5,875,419	31,515		5,906,934
	Totalexpenditure	5,878,133	31,515		5,909,648
	Netincome/(expenditure)beforegain/(loss)on investments	265,070	17,935		283,005
	Netgains/(losses)oninvestments	-	(18,857)		(18,857)
	Netincome/(expenditure)	265,070	(922)		264,148
	Actuarialgain/(loss)ondefinedbenefitpension
	scheme	9,925		-	9,925
	Transfers	6,000	(6,000)		~
	Netmovementinfunds	280,995	(6,922)		274,073
	Totalfundsbrought forward	7,467,660	136,675		7,604,335
	Totalfundscarriedforward	7,748,655	129,753		7,878408