| Governors, Officers and Advisers | 1-2 |
|---|---|
| Report ofCouncil | 3-16 |
| Independent Auditor's Report |
17-20 |
| Consolidated Statement ofFinancial Activities |
21 |
| Balance Sheets | 22 |
| Consolidated Cash Plow Statement |
23 |
| Accounting Policies |
24-27 |
| Notes to the Financial Statements | 28-39 |
| Nominating | Body | Body | Finance & | Education | Investmeni | Nomtnations | & | |
|---|---|---|---|---|---|---|---|---|
| General | Committee | Committee | Governance | |||||
| Purposes | (Rotating | Committee | ||||||
| Committee | Chair) | |||||||
| SWarshaw, BA, Chair | 1 | |||||||
| EA Bingham, OBE,MPA, MABRP, DBA (resigned 11December 2021) | 1 | |||||||
| RBondy, Vice Chair t (resigned 31December 2022) | 1 | |||||||
| N RGullifer, MA | 1 | |||||||
| Professor CTyerman, MA, DPhil (Oxford), (resigned 23 |
January 2023) | 1 | ||||||
| SGrodzinski, QC t t't (resigned 24September 2021) |
1 | |||||||
| ERiche, BSc,MBA IJ(resigned 15October 2021) | 1 | |||||||
| DrSRana, PGCE, BA,MScPhD (resigned 31December | 2021) | 1 | ||||||
| SSoskin | 1 | |||||||
| RDatnow, BA,MA, Dip LP (resigned 10May 2022) | 1 | |||||||
| SAdams, RIBA, FRSA t | 3/I | |||||||
| CRodrigues, CBE,MBA, MA t | 1 | |||||||
| PWood, BA,MA, PhD | 1 | |||||||
| EZiff, OBE,DLHon, DBA (appointed 29September 2021) | 1 | |||||||
| ARao, B(Eng),MBA (appointed 22October 2021) |
1 | |||||||
| Professor LWei (appointed 3February 2022) | 4 | |||||||
| ARyker-Gallagher, JD,MBA, g (appointed 17March 2022) |
1 | |||||||
| RGogna, LLB(Hons), Ij(appointed 28 March 2022) |
1 | |||||||
| ABrem, MA, MSc,MBA, g (appointed 28March 2022) | 1 | |||||||
| J Cohen, BSc,t g (appointed 30September 2022) | 1 | Chair |
| 2022 | 2021 | 2020 | |||
|---|---|---|---|---|---|
| Fee assistance | 61,233,000 | 61,259,000 | 61,143,000 | ||
| Trips/books/exam fees assistance |
F23,000 | E1,000 | 68,000 | ||
| Number ofbursary awards of75%or more |
50 | 48 | 48 | ||
| Number ofbursary awards ofup to 75% |
21 | 30 | 7 | ||
| Number offull-time equivalent |
bursaries | 56 | 60 | 54 | |
| Scholarship awards Number ofscholarship awards |
6336,000 56 |
8260,000 58 |
6226,000 47 |
||
| Other fee discounts Number ofother fee discounts |
6218,000 18 |
6186,000 14 |
6183,000 15 |
||
| Total number of awards |
145 | 150 | 117 | ||
| Total number offull-time equivalent |
awards | 83 | 81 | 74 |
| for the year ended 31 | Au | gust | 2022 | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted Restricted |
Total | Total | |||||
| Notes | Funds | Funds | Funds | Funds | |||
| 2022 | 2021 | ||||||
| 6000 | 6000 | 6000 | f'.000 | ||||
| Income and endowments | |||||||
| Donations and legacies | 1,315 | 341 | 1,656 | 995 | |||
| Charitable activities: | |||||||
| School fees Other educational income |
25,648 224 |
(145) | 25,503 224 |
24,430 324 |
|||
| Other ancillary income | 2 | 2 | |||||
| Other income | 28 | ||||||
| Other trading activities: | |||||||
| UCS Facilities - turnover UCSIS - turnover |
1,745 500 |
1,745 500 |
978 | ||||
| Other | 3 | 17 | 20 | 166 | |||
| Investments -gross income |
96 | 123 | |||||
| Other Income - FECT | 6,712 | 6,712 | |||||
| Total income | 29,464 | 7,021 | 36,485 | 26,963 | |||
| Expenditure | |||||||
| Raising funds: | 5 | ||||||
| UCS Facilities UCSIS |
850 236 |
850 236 |
682 167 |
||||
| Loan interest and bank charges Costs ofgenerating voluntary |
income | 73 222 |
73 222 |
128 182 |
|||
| Financing costs arising from Advance Fee Scheme | 19 | 19 | 26 | ||||
| Charitable activities Investments -management |
fees | 26,749 | 13 4 |
26,762 4 |
24,846 2 |
||
| Total expenditure | 28,149 | 17 | 28,166 | 26,033 | |||
| Net gains on investments | 105 | 105 | 103 | ||||
| Net income | 1,315 | 7,109 | 8,424 | 1,033 | |||
| Reconciliation offunds: | |||||||
| Total funds brought forward |
28,102 | 1,033 | 29,135 | 28,102 | |||
| Total funds carried forward | 13 | 29,417 | 8,142 | 37,559 | 29,135 |
| Notes | Group | Group | Charity | Charity | |||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||||
| f000 | f000 | 6000 | OOOO | ||||
| Fixed assets | |||||||
| Tangible Assets Investments |
25,966 8,051 |
27,569 1,120 |
25,830 1,116 |
27,449 1,120 |
|||
| Total fixed assets | 34,017 | 28,689 | 26,946 | 28,569 | |||
| Current assets | |||||||
| Stocks | 272 | 81 | 39 | ||||
| Debtors Bank term deposits |
(more than 3months to maturity) | 10 | 2,183 4,000 |
1,049 | 2,984 4,000 |
1,803 | |
| Cash at bank and in hand | 4,101 | 8,422 | 3,507 | 7,459 | |||
| Total current assets | 10,556 | 9,582 | 10,572 | 9,301 | |||
| Liabilities | |||||||
| Creditors: Amounts | falling due within one year | (5,913) | (7,304) | (5,670) | (6,717) | ||
| Net current assets | 4,643 | 2,278 | 4,902 | 2,584 | |||
| Creditors: Amounts | falling due after more than one year | 12 | (1,101) | ('1,832) | (1,032) | (1,832) | |
| Total net assets | 37,559 | 29,135 | 30,816 | 29,321 | |||
| The funds ofthe Group/Charity | |||||||
| Restricted income | funds | 13 | 8,142 | 1,033 | 1,213 | 1,033 | |
| Unrestricted funds Fixed assets fund Total unrestricted funds |
13 | 5,468 23,949 29,417 |
4,112 23,990 28,102 |
5,654 23,949 29,603 |
4,29S 23,990 28,288 |
||
| Total Group/Charity | funds | 37,559 | 29,135 | 30,816 | 29,321 |
| for the year ended 31August 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Total | Total | Total | Tota1 | |||||
| Notes | Funds | Funds | Funds | Funds | ||||
| 2022 | 2022 | 2021 | 2021 | |||||
| 6000 | 6000 | OOOO | f800 | |||||
| Cash flows from operating activities: | ||||||||
| Net cash provided by operating activities |
2,116 | 5,377 | ||||||
| Cash flows from investing activities: | ||||||||
| Dividends and interest |
42 | |||||||
| Proceeds from the sale ofproperty, plant and equipment | 28 | |||||||
| Purchase ofproperty, plant and equipment Purchase ofinvestments Net cash used in investing activities |
(955) (92) ~(924) |
(7,637) (37) (924) ~(2,664) |
(7,604) | |||||
| Cash flows from financing activities: | ||||||||
| Repayments ofborrowing |
(1,513) | (877) | ||||||
| (Increase)/Decrease inbank deposits (more than 3months Net cash (used in)/provided by financing activities |
to maturity) | (4,000) (5g13) |
7,000 (5,513) ~123 |
723 | ||||
| Change in cash and cash equivalents in the year |
(4,321) | 3,896 | ||||||
| Cash and cash equivalents at the beginning |
ofthe year | 8,422 | 4,526 | |||||
| Cash and cash equivalents at the end ofthe |
year | 4,101 | 8,422 | |||||
| Reconciliation ofnet income tonet cash flow from operating |
activities | |||||||
| Net income for the year as per the Statement | ofFinancial Activities | 8,424 | 7,033 | |||||
| Adjustments for. |
||||||||
| Depreciation charges Gains on investments Dividends and interest Profit on the disposal offixed assets (Increase)/Decrease in stocks |
2/58 (105) (123) (161) |
2,677 (103) (42) (28) 77 |
||||||
| (increase)/Decrease in debtors Decxease in creditors FECTinvestment assets transfer |
(1,134) (631) (6,712) |
7,967 (732) |
||||||
| Net cash provided by operating activities |
2,116 | 5,377 | ||||||
| Analysis ofcash and cash equivalents | ||||||||
| Cash in hand | 4,101 | 8,422 | ||||||
| Total cash and cash equivalents | 15 | 4,101 | 8,422 | |||||
| Analysis ofnet debt | At1 September |
Cash | At31 August |
|||||
| 2021 | Flows | 2022 | ||||||
| Cash Bank deposits |
6000 8,422 |
6000 (4,321) 4,000 |
6000 4,101 4,000 |
|||||
| Loans falling due within one year Loans falling due after more than one year |
8,422 (877) (701) |
(321) 877 636 |
8,101 (65) |
|||||
| 6,844 | 1,192 | 8,036 |
| Abbreviations |
|---|
| The following abbreviations are used in these financial statements: |
| The Group - University College School and its subsidiary undertakings, UCSInternational Services Limited and UCS Facilities The School and the Charity -University College School |
| UCSIS - UCS International Services Limited |
| FECT - Frognal Educational Charitable Trust |
| Charities SORP (FRS102)-Statement ofRecommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ofIreland (FRS102) second edition effective 1January 2019 |
| FRS102 - the Financial Reporting Standard applicable in the UK and Republic ofIreland |
| SoFA -Statement ofFinancial Activities |
| VAT - Value Added Tax |
| The members ofCouncil are also referred to in this report as the Trustees or the Governors. |
| Basis ofpreparation and assessment ofgoing concern |
| The financial statements have been prepared under the historical cost convention with items recognised at cost, transaction value or, in the case offixed asset investments, at fair value. |
| The presentation currency is the British Pound and the level ofrounding used in the report is to the nearest 'F000. |
| The financial statements have been prepared in accordance with the Charities SORP (FRS102),FRS102and the Charities Act 2011and UK Generally Accepted Practice. |
| The Group represents apublic benefit entity as defined by FRS102. |
| The Trustees consider that there are no material uncertainties about the Group's or School's ability tocontinue as agoing concern. |
| Basis ofconsolidation |
| The consolidated SoFA, the consolidated balance sheet and the consolidated statement ofcash flows include the |
| financial statements of the Group made up to31August 2022. |
| UCS Facilities, a wholly owned subsidiary ofUniversity College School, cominenced trading during 2006-07and its financial results are included within Gzoup figuzes. |
| UCS International Services, awholly owned subsidiary ofUniversity College School, commenced trading during 2019-20 and its financial results are included within Group figures. |
| FECT,aconnected charity, has been deemed tobe controlled by UCSfrom 30June and has therefore been consolidated in the group accounts from that date. Post year-end FECTtransferred its assets and liabilities toUCS on 20October 2022. |
| The group has taken advantage ofthe exemption available in section 7ofFRS102not to prepare acharity only cash flow statement. |
| Intra-group transactions are eliminated fully on consolidation. There are no differences in the accounting policies ofthe four entities that would result in material differences to the financial zesults ofthe Group. |
| Income recogiution |
|---|
| All income is recognised once the Group has entitlement to the income, itis probable that the income will be received aztd |
| the amount ofincome receivable can be measured reliably. |
| Grants related to the Coronavirus Job Retention Scheme are treated as income in the periods to which each grant claim relates and is treated as other trading activities income in the SoFA. |
| Income fmm donations and legacies receivable |
| Donations and legacies receivable aze credited to the SoFAin the year in which they are recognised, following the principles outlined above under "Income recognition", and to restricted or unrestricted funds dependent on any speciflc donor wishes. |
| School fees and other educational income |
| Fees receivable and the related income receivable for services and use ofpremises are accounted for in the year in which the service is provided. Fees receivable are stated after deducting the costs ofbursaries, scholarships and other concessions granted. |
| Advance Fee Scheme |
| As explained in note 12,parents may enter into acontract to pay amounts to the School in advance of the relevant school |
| terms. Parents receive discounts for these advance payments, which are effectively finance charges borne by the School. These finance charges are accounted for on a discounted cash flow basis over the related advance fee period, and are induded as "Financing costs arising from Advance FeeScheme" on the face ofthe SoFA. Advance fee receipts are recognised as creditors upon receipt ofthe funds. |
| Refundable deposits |
| Parents pay a deposit when they contract to send their child to the School. Most ofthat deposit is refunded against the first term's fees.The balance is retained until their child's last term to offset any incidental costs incurred in that last term, rvith any balance refunded at the end oftheir last term. These deposits are disclosed in these financial statements as amounts |
| due within one year. |
| Expenditure recognition |
| Expenditure is recognised assoon as there isa legal or constructive obligation committing the Group to that expenditure, it is probable that settlement will be required and the amount ofthe obligation can be measured reliably. |
| All expenditure is accounted for on an accruals basis. All expenses are allocated to the applicable expenditure headings below: |
| The costs ofraising funds comprises the costs ofour commercial trading subsidiary, the costs ofour international trading subsidiary, interest payable arising on the loan from the Bank ofIreland, the employment costs ofour development department and the interest arising under ouz advance payment offees scheme. |
| Charitable activities comprises the costs ofteaching, welfare, premises, and support departments. More detail isprovided in note 5. |
| Investment management fees relate to our flxed asset investments which support our zestricted funds. |
| Irrecoverable VAT is charged to the expenditure heading for which itwas incurred, |
| Operating leases |
|---|
| Rental payments are charged to the SoFAon a straight-line basis over the lease term. |
| Pension schemes |
| The Group contributes to the Teachers' Pension Scheme ('%PS")at a rate set by the Government Actuary. The TPSisan unfunded scheme and contributions are calculated so as to spread the cost ofpensions over employees' working lives in such away that the pension cost is a substantially level percentage ofcurrent and future pensionable payroll. The contributions are determined by the Government Actuary on the basis ofquadrennial valuations using aprojected unit credit method. The TPSis an unfunded, multi-employer scheme with no underlying assets to assign between employexs, consequently there is insufficient information available to use defined benefit accounting, and it is therefore treated as a defined contribution scheme for accounting purposes and the contributions recognised in the year towhich they relate. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or |
| prepayments. |
| The Group also operates aGroup Personal Pension Scheme for non-teaching staff. This is a defined contribution scheme and all contributions are charged to the SoFA in the year incurred. This scheme is administered by Royal London. |
| Tangible fixed assets |
| The original land and buildings ofUniversity College School are not considered to be material to the financial statements and are carried at nil value. Subsequent purchases, developments and major improvements have been capitalised at their historic cost. |
| The costs ofmaintenance and refurbishment are written off as incurred. |
| Depreciation is calculated so as to write off the cost offixed assets, less estimated residual values where applicable, ori a straight-line basis over the expected useful lives ofthe assets concerned. The principal depreciation policies are: |
| Freehold land - is not depreciated |
| Freehold buildings -10to 25years |
| Short leasehold land and buildings -25 years, orifshorter, the period ofthe lease Plant and equipment -3to 25years |
| The School has an equity interest in aresidential property, which was co-purchased with a member ofstaff as part ofan historic recruitment and retention policy which has now ended. The School's share ofthat property iscapitalised athistoric cost. The property cost isnot depreciated but is subject to an annual impairment review. |
| Immaterial individual purchases ofequipment and computers (costing less than f,'1,000)are not capitalised, but instead charged as expenditure in the year in which the acquisitions are made. |
| Investment property |
| Freehold land and buildings are held as an investment and are included at market value. The trustees review the carrying value annually. |
| Investments |
| Investments in subsidiaries are stated at cost. |
| Accounting policies (continued) | |||
|---|---|---|---|
| The Group holds the following financial assets and liabilities: |
|||
| Assets: | |||
| Fixed Asset investments | |||
| Short term debtors and accrued income | |||
| Short term (&1year) treasury deposits, all with Barclays Bank pic. Deposits with a maturity after the balance sheet date are included as cash atbank and in hand in the balance sheet, |
date ofless than 3months and as cash and cash |
||
| equivalents in the statement ofcash flows. Deposits with amaturity date date are induded as bank term deposits in the balance sheet. |
ofmore than 3months after the balance sheet | ||
| Liabilities: | |||
| Bank loans | |||
| Short term creditors | |||
| Financial assets are recognised when the Group becomes contractually entitled to receive cash or other hnancial assets a third party. |
from | ||
| Financial liabilities are recognised when the Group incurs alegal or constructive obligation asset to a third party. |
to deliver cash or another | financial | |
| Financial assets and liabilities, both short- and long-term, are initially measured at transaction price and are subsequently measured at amortised cost, except for investments which are measured at fair value. |
|||
| Liquid Resources | |||
| These are cash or investments which can be withdrawn within 3months. |
|||
| School Trust Funds | |||
| These trust funds represent funds donated to the School for specific purposes. Further details ofeach fund are disclosed in note 13. |
|||
| Fund accounting | |||
| Unrestricted funds are available to use to further any ofthe purposes of the Charity. Designated funds are unrestricted funds which the trustees have decided at their discretion toset aside for aspecific purpose. |
|||
| Restricted funds are tobe used in accordance with specific instructions imposed by the donors. Further details ofeach fund are disclosed in note 13. |
|||
| Corporation Tax | |||
| The School is exempt from tax on income and gains falling within Section Taxation ofChargeable Gains Act 1992to the extent that these are applied |
505ofthe Taxes to its charitable |
Act 19SSor Section 252of objects. |
the |
| Critical Accounting Estimates and Judgements |
|||
| Accounting estimates and judgements are continually evaluated and are including expectations offuture events that are believed tobe reasonable |
based on historical experience and other factors, under the circumstances. |
| ot | es to the financial statem | ents for the |
year ended 31August | 2022 (continued) | |||
|---|---|---|---|---|---|---|---|
| 2 | Income and Endowments | and Charitable | Activities | 2022 | 2022 | 2021 | 2021 |
| Unrestricted | Restricted | Unrestricted | Restricted | ||||
| 6000 | 6000 | 6000 | 6000 | ||||
| Donations and Legacy income |
1,315 | 341 | 886 | 109 | |||
| School fee income comprised: | |||||||
| Gross Fees Less: Bursary costs Scholarships Staff fee remissions |
27.313 (1,111) (336) (218) |
(145) | 26,125 (1,119) (260) (174) |
(142) | |||
| 25,648 | (145) | 24,572 | (142) | ||||
| 3 | Charitable activities - other unrestricted |
income | 2022 | 2022 | |||
| Other educational income |
comprised: | 6000 | 6000 | ||||
| Fee insurance receipts Registration fees Courses and other tuition Other |
17 174 19 14 |
15 192 10 107 |
|||||
| 224 | 324 | ||||||
| Other ancillary income comprised: | |||||||
| Refectory receipts and other income | |||||||
| Other income comprised: | |||||||
| Profit on disposal offixed assets | 28 | ||||||
| Other trading acbvities comprised: | |||||||
| UCS Facilities - Turnover UCSIS - Turnover |
1,745 500 |
978 | |||||
| Other - Coronavirus Job Other - UCSISDeferred |
Retention Scheme Grant ("CJRS")» Tax |
133 | |||||
| Other - Rental income | 32 | ||||||
| Other - Commission | |||||||
| 20 | 166 |
| vestments | - i | ||||
|---|---|---|---|---|---|
| gross ncome | 2022 | 2022 | 2021 | 2021 | |
| Unrestricted | Restricted | Unrestricted | Restricted | ||
| 6000 | 6000 | 6000 | 6000 | ||
| Bank interest receivable | 27 | ||||
| Dividends | 96 | 38 | |||
| 27 | 96 | 38 |
| Expenditure | ||||||
|---|---|---|---|---|---|---|
| Staff | Other | 2022 | 2022 | |||
| costs | costs | |||||
| Raising funds (unrestricted expenditure): |
6000 | 5000 | 6000 | 6000 | ||
| UCS Facilities UCSIS Loan interest and bank charges Costs ofgenerating voluntary income Financing costs arising from Advance |
FeeScheme | 161 | 426 236 73 61 19 |
850 236 73 222 19 |
682 167 128 182 26 |
|
| Teaching Activities | ||||||
| Ages 11-18 | Ages 7-10 | Ages 4-6 | 2022 | 2021 | ||
| Charitable activities: |
6000 | 6000 | 6000 | 6000 | 5000 | |
| Teachers' payroll and pensions costs Other teaching costs Teaching support staff payroll and pensions costs Teaching costs |
10,594 1s438 728 12,760 |
2,091 265 196 2,552 |
1,093 95 76 1,264 |
13,778 1798 1,000 16,576 |
12,915 1360 1,002 15,277 |
|
| Staff and pupil welfare -payroll costs Staff and pupil welfare -non-payroll Staff and pupil welfare costs |
costs | 1,390 699 691 |
247 134 113 |
25 25 |
1,662 835 829 |
1,356 671 685 |
| Property running costs - payroll costs Property running costs - non-payroll costs Property running costs |
705 2,014 2,719 |
189 255 444 |
74 169 243 |
968 2,438 3,406 |
911 2,319 3230 |
|
| Administrative support - payroll costs Administrative support - non-payroll costs Administrative support costs |
1,101 957 2,058 |
296 18 314 |
165 6 171 |
1,562 981 2,543 |
1,511 711 2,222 |
|
| Grants, awards and prizes Governance costs Depreciation |
23 32 2@75 |
2 8 78 |
25 40 2,510 |
105 42 2,614 |
||
| Total Charitable Expenditure |
21i357 | 3I645 | 1760 | 26i762 | 24 846 |
| 2022 | 2022 | 2021 | 2021 |
|---|---|---|---|
| Unrestricted | Restricted | Unrestricted | Restricted |
| 5000 | f000 | f',000 | 6000 |
| 13 | 15 | 90 |
| Comporstives for 2021 | Teaching Activities | Teaching Activities | |||
|---|---|---|---|---|---|
| Ages 11-18 | Ages 7-10 | Ages 4-6 | 2021 | ||
| Charitable activities: |
FOOO | 6000 | f:000 | KOOQ | |
| Teachers' payroll and pensions costs Other teaching costs Teaching support staff payroll and pensions costs Teaching costs |
9,826 1,025 726 11,577 |
2,070 251 200 2,521 |
1,019 84 76 1,179 |
12,915 1,36Q 1,002 15,277 |
|
| Staff and pupil welfare -payroll costs | 562 | 109 | 671 | ||
| Staff and pupil welfare -non-payroll Staff and pupil welfare costs |
costs | 1,141 579 |
195 86 |
20 20 |
1,356 685 |
| Property running costs - payroll costs |
660 | 182 | 69 | 911 | |
| Property running costs - non-payroll Property running costs |
costs | 1,959 2,619 |
215 397 |
145 214 |
2,319 3,230 |
| Administrative support - payroll costs Administrative support - non-payroll costs |
1,035 679 |
285 25 |
191 7 |
1,511 711 |
|
| Administrative support costs |
1,714 | 310 | 198 | 2,222 | |
| Grants, awards and prizes | 103 | 2 | 105 | ||
| Governance costs |
33 | 9 | 42 | ||
| Depreciation | 2,450 | 95 | 69 | 2,614 | |
| Total Charitable Expenditure |
19,637 | 3,529 | 1,680 | 24,846 |
| School, 251(2021-254) for the Junior Branch and 98(2021-96)for the Pre-P | rep. |
||
|---|---|---|---|
| Net income on the Statement ofFinancial Activities includes: | 2022 8000 |
2021 6000 |
|
| Audit fees - included in Governance costs Audit fees - for UCSFacilities, included in costs ofraising funds Audit fees - for UCSIS,included in costs ofraising funds Other fees to auditors Lease payments recognised as an expense -induded in property running Profit on disposal offixed assets |
costs | 39 5 5 7 80 |
35 5 7 80 (28) |
| Staff costs | |||
|---|---|---|---|
| 2022 | 2021 | ||
| The costs ofemploying staff in the |
year are analysed below: | 6000 | 6000 |
| Wages and salaries Social security costs Employer pension contributions |
14,437 1,597 2,746 |
13,489 1,441 2,657 |
|
| 18,780 | 17,587 | ||
| The average number ofemployees Teaching staff - Senior School |
in the year was: | 2022 141. |
2021 142 |
| Junior Branch | 29 | 30 | |
| Pre-Prep Support staff UCSFacilities |
20 146 42 |
22 157 45 |
|
| 378 | 396 |
| 660,001 - 670,000 670,001 - 680,000 680,001 - 690,000 690,001 - 6100,000 6100,001 -6110,000 6110,001 -6120,000 6170,001 -6180,000 6190,001 - f200,000 |
2022 44 17 2 4 1 2 |
2021 32 16 2 2 2 1 1 |
|---|---|---|
| Tangible fixed assets - Group | |||||
|---|---|---|---|---|---|
| Freehold | Short Co-owned |
Plant and | Total | ||
| Property | Leasehold | Property | Equipment | ||
| Property | |||||
| 6000 | 6000 | 6000 | 6000 | 6000 | |
| Cost at 1September 2021 Additions |
44,065 172 |
65 | 5,160 783 |
50,233 955 |
|
| Cost at31August 2022 | 44,237 | 943 | 5,943 | 51,188 | |
| Depreciahon at 1September 2021 |
18,809 | 697 | 3,158 | 22,664 | |
| Charge for year Depreciation at31August 2022 |
1,679 20,488 |
47 744 |
832 3,990 |
2,558 25,222 |
|
| Net BookValue at31August 2022 | 23,749 | 65 | 1,953 | 25,966 | |
| Nel Book Vnlue at 1 September 2021 | 25,256 | 246 | 65 | 2,002 | 27,569 |
| Tangible fixed assets - Charity | |||||
| Freehold | Short | Co-owned | Plant and | Total | |
| Property | Leasehold | Property | Equipment | ||
| Property | |||||
| f000 | 6000 | f000 | 6000 | 6000 | |
| Cost at1September 2021 Additions |
44,065 172 |
370 | 65 | 4,762 718 |
49,262 890 |
| Costat 31August 2022 | 44,237 | 370 | 65 | 5,480 | 50,152 |
| Depreciation at 1September 2021 Charge for year Depreciation at31August 2022 |
18,809 1,679 20,488 |
124 47 171 |
2,880 783 3,663 |
21,813 2,509 24,322 |
|
| Net BookValue at31August 2022 | 23,749 | 199 | 65 | 1,817 | 25,830 |
| Net Book Value nt 1 September 2021 | 25,256 | 246 | 65 | 1,882 | 27,449 |
| Other | Total | |||||
|---|---|---|---|---|---|---|
| investments | ||||||
| (at market | ||||||
| value) | ||||||
| F000 | 6000 | |||||
| Balance at 1September 2021 Additions at cost |
1,120 37 |
1,120 37 |
||||
| Net realised and unrealised Balance at31August 2022 |
gains in year | (41) 1,116 |
(41) 1,116 |
|||
| Realised and | unrealised gains |
and losses are taken to the SoFA in the year in which they arise. | ||||
| Analysis ofOther Investments | held at31August 2022 - Charity | |||||
| Investments | comprising | more than 5'/0 oftotal other investments: | 2022 | 2021 | ||
| 6000 | 6000 | |||||
| Schroder | Charity Multi Asset Fund | 942 | 989 | |||
| Cash | 151 | 102 | ||||
| Other investments by asset |
class: | 2022 | 2021 | |||
| 6000 | OOOO | |||||
| UKEquities | 88 | 96 | ||||
| Overseas | Equities | 557 | 611 | |||
| Bonds | 74 | 86 | ||||
| Multi-asset | funds | 16 | 17 | |||
| Other | 206 | 183 | ||||
| Cash | 175 | 127 | ||||
| 1,11.6 | 1,120 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 6000 | 6000 | ||||
| Turnover | 500 | ||||
| Total income | 500 | ||||
| Administrative | expenses | Ik tax | (236) | (167) | |
| Donation toUniversity Net expenditure |
College School | 264 ~266 |
(167) ~(167) |
||
| Total assets | 291 | 546 | |||
| Total liabilities Net assets/(liabilities) |
(213) ~78 |
(732) ~(186) |
| ipal activi |
ty ofthe trus | t is to provide funds to support bursaries at U |
niversity College School. |
|
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6000 | EOOO | |||
| Total income | 307 | 934 | ||
| Charitable | expenditure | (245) | (11) | |
| 62 | 923 | |||
| Donation toUniversity Net expenditure |
College School | (268) ~(2961 |
(724) ~(99 |
| Frognal Educational Charitable Trust |
(charity number | - 286466) | 2022 | 2021 | |
|---|---|---|---|---|---|
| 6000 | 6000 | ||||
| Total assets Total liabilities Net assets |
6,934 (269) 6,665 |
6,956 (85) 6,871 |
|||
| UCSFacilities (company registration | number - 05926954) | ||||
| UCSFacilities organises and manages | the commercial | activity associated with University | College School. |
| ummarised below: |
, |
|||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 6000 | f,'000 | |||||
| Turnover | 1,745 | 978 | ||||
| Cost ofsales Administrative Pro6t |
expenses | (625) (250) 870 |
(520) 029) 329 |
|||
| Distribution to Retained Profit |
UCS | (870) | (329) | |||
| Total assets | 752 | 329 | ||||
| Total liabilities Net assets |
(752) | (329) | ||||
| Debtors | ||||||
| Group | Group | Charity | Charity | |||
| 2022 | 2021 | 2022 | 2021 | |||
| 6000 | 6000 | 6000 | 6000 | |||
| School fees | 36 | 24 | 36 | 24 | ||
| Loans tostaff | 200 | 216 | 200 | 216 | ||
| Prepayments and accrued income |
549 | 600 | 541 | 591 | ||
| UCSIS | 189 | 223 | ||||
| UCS Fadilities | 548 | 673 | ||||
| FECT | 186 | |||||
| Other debtors | 1,398 | 209 | 1,284 | 76 | ||
| 2,183 | 1,049 | 2,984 | 1,803 | |||
| Creditors: amounts | falling due within one year | |||||
| Group | Group | Charity | Charihj | |||
| 2022 | 2021 | 2022 | 2021 | |||
| %000 | 6000 | OOOO | 6000 | |||
| Trade creditors Bank ofIreland loan Fees in advance (note 12) Taxation and social security |
1i282 539 409 |
1,169 877 534 368 |
1,150 539 409 |
1,134 B77 534 368 |
||
| Refundable deposits Accru ala |
1@51 334 |
1,471 729 |
1,351 292 |
1,471 211 |
||
| Other creditors | 1,998 | 2,156 | 1,929 | 2,122 | ||
| 5,913 | 7,304 | 5,670 | 6,717 |
| Group | Group | Charity | Charihj | ||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||
| 6000 | 6000 | 6000 | 6000 | ||
| Co-ownership Bank ofIreland Other creditors |
loan loan |
69 | 65 636 |
65 | 65 636 |
| Fees in advance | 967 | 1/131 | 967 | 1,131 | |
| 1,101 | 1,832 | 1,032 | 1,832 |
| nk loans in total are repayable over periods as shown below. |
||
|---|---|---|
| 2022 | 2021 | |
| After 5years Within 1to2years |
6000 65 |
6000 65 636 |
| Within 1year | 701 877 |
|
| 65 | 1,578 |
| ese advance payments can be returned in certain circumstances. es will be applied as follows: |
Assuming pupils remain in the School, these advance |
|
|---|---|---|
| 2022 | 2021 | |
| After 5years Within 2to5years Within 1to2years |
6000 141 507 319 |
6000 276 548 307 |
| Within 1year | 967 539 |
1,131 534 |
| 1,506 | 1,665 |
| Balance at 1September 2021 New contracts Amounts accrued to contracts |
6000 1,665 380 19 |
|---|---|
| Amounts credited to termly fee invoices Balance at31August 2022 |
2,064 (558) |
| restricted funds- |
|||
|---|---|---|---|
| Group | Fixed | ||
| Accumulated | Assets | Total | |
| Fund | Fund | ||
| 6000 | f000 | EOOO | |
| Balance at 1September 2021 Surplus for the year Transfer to Fixed Assets Fund Balance at31August 2022 |
4,112 1,315 41 5,468 |
23,990 (41) 23,949 |
28,102 1,315 29,417' |
| Balance at 1September 2021 Surplus for the year Transfer to Fixed Assets Fund Balance at31August 2022 4,112 1,315 41 5,468 23,990 (41) 23,949 28,102 1,315 29,417' |
Balance at 1September 2021 Surplus for the year Transfer to Fixed Assets Fund Balance at31August 2022 4,112 1,315 41 5,468 23,990 (41) 23,949 28,102 1,315 29,417' |
Balance at 1September 2021 Surplus for the year Transfer to Fixed Assets Fund Balance at31August 2022 4,112 1,315 41 5,468 23,990 (41) 23,949 28,102 1,315 29,417' |
Balance at 1September 2021 Surplus for the year Transfer to Fixed Assets Fund Balance at31August 2022 4,112 1,315 41 5,468 23,990 (41) 23,949 28,102 1,315 29,417' |
Balance at 1September 2021 Surplus for the year Transfer to Fixed Assets Fund Balance at31August 2022 4,112 1,315 41 5,468 23,990 (41) 23,949 28,102 1,315 29,417' |
Balance at 1September 2021 Surplus for the year Transfer to Fixed Assets Fund Balance at31August 2022 4,112 1,315 41 5,468 23,990 (41) 23,949 28,102 1,315 29,417' |
Balance at 1September 2021 Surplus for the year Transfer to Fixed Assets Fund Balance at31August 2022 4,112 1,315 41 5,468 23,990 (41) 23,949 28,102 1,315 29,417' |
|---|---|---|---|---|---|---|
| The balance on the Fixed Assets Fund of the Group at31August 2022 is represented by the net book value oftangible freehold, leasehold and co-ownership fixed assets (f25,568,000,2021-f25,568,000),less the co-ownership loan (665,000,2021:865,000)and the remaining balance on the Bank ofIreland loan (Nil, 2021-61,513,000) |
||||||
| Unrestricted funds - Charity |
Fixed | |||||
| Accumulated | Assets | Total | ||||
| Fund | Fund | |||||
| 6000 | 6000 | 6000 | ||||
| Balance at 1September 2021 Surplus for the year Transfer toFixed Assets Fund Balance at31August 2022 |
4,298 1,315 41 5,654 |
23,990 (41) 23,949 |
28,288 1,315 29,603 |
|||
| Restricted funds -Group | ||||||
| Balance at | Income | Realised Expenditure |
Balance at | |||
| 1September | BIll | 31August | ||||
| 2021 | unrealised | 2022 | ||||
| gains | ||||||
| School Trust Funds | OOOO | f000 | 6000 | f000 | 8000 | |
| Prize Fund BursazyFund Retired Masters' Fund Project Kl Project 200 Eldar Tuvey Economic Research Total Group Trust Funds |
Grant | 513 313 170 25 12 1,035 |
20 7,280 7 2,309 |
(21) (13) (7) (41) |
(5) (145) (9) 507 7,435 161 25 2 12 (159)~5,242 |
|
| Restricted funds - Charity | ||||||
| Balance at | Income | Realised | Expenditure | Balance at | ||
| 1September | and | 31August | ||||
| 2021 | unrealised | 2022 | ||||
| gauls | ||||||
| School Trust Funds | 6000 | f000 | 6000 | OOOO | OOOO | |
| Prize Fund Bursary Fund Retired Masters' Fund Project Kl Project 200 Eldar Tuvey Economic Research Total Charity Trust Funds |
Grant 513 313 170 25 12 1,033 |
20 351 7 380 |
(21) (13) (7) (41) |
(5) (145) (9) (159) |
507 506 161 25 2 12 1,213 |
| Balance at | Cash flow | Balance at | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | September | 31August | |||||||
| 2021 | 2022 | ||||||||
| f000 | f000 | 6000 | |||||||
| Cash | at | Bank | and | in | hand | 8,422 | (4,321) | 4,101 | |
| 8,422 | (4,321) | 4,101 |
| Tangible | Investments | Net current | Long-term | 2022 | 2021 | ||
|---|---|---|---|---|---|---|---|
| fixed | and | assets | liabilities | Total | Total | ||
| assets | goodwill | ||||||
| Restricted Funds | f000 | 6000 | f000 | 6000 | f'.000 | t:000 | |
| School Trust | Funds | 8,051 | 91 | 8,142 | 1,033 | ||
| Unrestricted | Funds | ||||||
| Accumulated Fixed Assets |
Fund Fund |
1,952 24,014 |
4+52 | (1,036) (65) |
5,468 23,949 |
4,112 23,990 |
|
| 25,966 | 8,051 | 4,643 | (1,101) | 37,559 | 29,135 |
| Tangible | Investments | Net current | Long-term | 2022 | 2021 | ||
|---|---|---|---|---|---|---|---|
| flxed | and | assets | liabilities | Total | Total | ||
| assets | goodwill | ||||||
| Restricted Funds | f000 | 6000 | f000 | 6000 | f000 | 6000 | |
| School Trust | Funds | 1,116 | 97 | 1,213 | 1,033 | ||
| Unrestricted | Funds | ||||||
| Accumulated Fixed Assets |
Fund Fund |
1,816 24,014 |
4,805 | (967) (65) |
5,654 23,949 |
4,298 23,990 |
|
| 25,830 | 1,116 | 4,902 | (1,032) | 30,816 | 29,321 |