BEACONSFIELD EDUCATIONAL TRUST LIMITED {A CompAny Lirnilcd by Guarnnleel GOVERNORS, REPORT AND FIP4ANCIAL STATEMENTS FOR THE YEAR EliDED JI AL'GUST20ZZ Regiskred Chlrity No. 313120 Re￿5￿cTed Company Number.. 00717500 BEACONSFIELD EDUCATIONAL TRUST LIMITED REFEREP4CE AND ADMINISTRATIVE INFORMA TION FOR THE YEAR ENDED JI AUGUST 2022 RefeTcn d¢liv¢r contempornry and hi8hly skilled Icaching approaEhL'S whilsi embraci1￿ traditional values TD provide a vibreni, caring and inclusive environment ro whLch all boys Contribute and within which they ihrive Fund&m¢nul 10 Ihi5 15 oiir UDd¢rstsndinB of knys and how we approach Their lurnin& whilst never losin8 Sl8ht of tsch boy ts an individual. BEACONSFIELD EDUCATIONAL TRUST LIWITED GOVERNORS. REPORT INCORPORATING SIRAIEGIC REPORT IConttnu¢d) FOR THE VEAR ENDED JI AUGLST Z022 DavenleJ' tthoi underpins OUT Vl810rt to en8a¥e, inspire and challenge.. By engaging, we develop ¢uriou5. r¢fle¢tiv¢ artd enlhtssl&￿jC think¢r5 With Inspiraiion, we nurture motivated and ambilious leamttts Through chollenge. we grow courag¢ous and dclcrmined cl1Rr￿lers DAvenles' spirit provides Ihe.itepping stones that develop courteous, confidcnr. thoughtful and independenl yOIJM8 mtn. supportiny our School's mvllu, singulus pro fraternital¢ lalx)T•ns. e4¢h 5tyiving Ihe bjood ofoll. STRATEGIES FOR ACHIEVING OBJECTIVES The CoFnpany is a ChHrithble Tru¥t whi¢h s¢eks to ben¢fii Ihe public Ihrough Ihe pur&uil of its. stated aims. Ow fees are s ai a level tts ensure the financial wability of the Schoul Ihul 15 consisient ￿th our Jim ot providing academic excellence Ilon8side exi¢nsi¥e educational eXperie￿c¢. We welcome cluldrcn from many differenl cihnic groupy, rcligions, ba¢kgrounds and creed&, and all ¢anth'dÈtes for ttdtni5510n gr¢ treated cquiiebly. Human rights and freedom.% arc respccled bwi must be balanc¢d with Ihe lawfijl need& &Thd rules ol our school comtnunity dnd thc ri¥hi$ and freedom5 of others. The Schoul ¥CBk5 to identify &nd admii bvys who take advania8c of Ilie broad and varied curriculum and Iliriv¢ in tht environmtni thir Davcni¢s off¢rs. Thc TnLS1 is cummiii¢d 10 ettsuring equal oppiirtunity for all pupils, stafT and parents. irrt5p¢¢iive of raee. eihni¢ily, r¢li¥ion. s¢xu41 orieniaiiun, disabilily. l¢arllinB ditTiculiy. body image or 50ci41 back￿0￿rtd, ond will mako ￿ll$￿nabl¢ adjusiments to m¢¢i rh¢ nr¢ds of &iHffor pupils who aTe or become disabled. The G4)v¢rnor5 and Ilie sittff of Davenies Ire commiu¢d i(k safeguarding and promoiinB the welfarc of uur pupil& •TLd hiv¢ undertaken te8uIuT Irainin8 throughout the year. INSPECTION Th¢ lasi Curnpliance and EduL'ULi¢)nal Q￿llEY Inspecilon by Ihe Independent Schovls In&p¢cloralr IISII occi1rrL￿ in O¢iob¢r 2019 and Bs such 4noiher is anticipated in Ihc neer fiLture ACHIEVEMENTS ANDPERFORMANCE Puplli Yumber8 Pupil numbeT% coniinue 10 Ihrive wiib 335 boys on ioll di Ihc stgrt of the 2021.22 year. Academ1¢ Performinté Thc S¢hool coniinue5 10 bencfii from Ihc thvenies Cllrriculum that wa5 launchcd succcssfully in Se￿eT￿￿T 2017. Sillff developed 8 Cunous Cwriculum (hat siiB alon¥5idc Ihe ¥naill curriculurn", Ihc aim being to incr¢ax lh¢ curious nature of thc boys through Curious Boards plactd around Iht ScknDI. Th¥e projnotc discussions berween pupils and staff outside of tbe cla5¥room. Our 4¢ad¢rnir r¢5uIIs conliau¢d Io Show higb levels of &tl&ii]IllEnt' ourYe&r 8 pllpi15 &¢hi¢ved 100% pass ratc at CLXnllJOll Entr&nc¢. w¢rh all boys sccurin8a plaG¢al thBir fir%1 choice of School departing fiK 14 differentS¢hools. Davenie5 achieved number of scholarships across AcBdemic. Music and All-Rounder caieuories Wilh five being &w&rded in totRI. S¢holarships were awarded to BradfJ¢lQ HAil¢ybury. M¢r¢hanl Taylors, and Shiplakc. The m&jrrity ofpupi18 stay ai Davcnics until the end of Year 8. however of the Year 6 bDy5 whu Sal the I l+ ¢xaminalio for eniry inlD Gramtnar School liy September 2022, 650/0 of the pupi15 entered for the lesls have achieved the qualifi￿lIon For a GrAmmHT School place. Pupi15 who passed did so comfortably and in terms of lowcr scoring, for ihe third year In a row. no-ont &¢aTcd undcr 100. BEACONSFIELD EDUCATIONAL TRUST LIMITED GOVERNORS, REPORT INCORPORATING STRATEGIC REPORT {Contlnuedl FOR THE YEAR ENDED 31 AUGUST 2022 To proinetc hi8h eduL￿tional Stundards and facilitate access 10 Year 7 & 8, scholarships ar¢ awprdcd on th¢ b&sis of on individual's academic. sportin8, musicAI. drarnari¢ or design technology reco¥nis¢d PDi¢niial or ability. Ei8hE boys WCTE awarded scholarships and i further five boys exhibiiions in Scpl¢mbcr 2022. P•$ior*l At Davenies a 8r¢al d¢41 oltime and atteniion is pul into the ￿3¢Oral cBre sysicm. $0 all th¢ pupils 4r¢ ab1¢ to B¢cess all aSPLcts uf the curriculum. whcihcr this is Jn Ehe clossTOOm, remoLL'ly or thc wider environm¢nL. All 5tstT. regArd1¢5s or th¢ir rolc or job riilc are part of iht pastor&l Care systrm and Ihc sysicm i1s¢lf works bec&use all thc ￿ul18 are keen to do Ih¢ir very besi for the boys. The essential Btructun of Ihe p481(sr41 sysom is as it hos been for several years. The Deputy Head oversees the pBslornl l¢ud¢r5, whu aTe ihe Il¢ad of Pre-prcp, Junior School. Years 5 & 6 and YL&rs 7 & 8. plus Ihc Hedd uf Leamin8 Suppon and th¢ School Nurse This Tncets formally on a weekly basis 10 dis¢us8 curr¢nt individual p0510ral need5. 0& well as Ihe PD&SibilitiYs uf policy changes up Bnd cominB'big evenLS'. Th¢ Schuol haB A IuE(r ¥Y5￿M fur Lhe boys in Years 7 & 8, W￿¢￿ m¢Ans IhHE each pupil is wl of a tsryoup of eighi 10 Icn, Such $m&ll 8roupin84 Allow the tutor to build up a very stron& closc and pcrsonBI Tclaiion5hip with Ihc individual pllpil his parL'nts. Th¢ aim ol the Eulor Bfoup$ 1% nol only 10 co￿lder lh¢ academie developm¢ni and day-to-day workloa(L% blli a150 lu rake A holistic approd¢h to ￿tIl b(>y'B educaiion. Includcd in this would be the ov¢rvi¢w of sporting liviliL's, uptake of drama OPPDrluniti¢s, encouragemeni to bc PLri uf a mu5iro1 ensemble as wcll as a clear push ioward5 new aclivilie5 and cxpcricnces. TuloT nicctinss arc frequent. which ensures thai boys will di5cu&¥ all monn¢r of import8llt 15sucs, fTOm current uffuirs TU polilital opinion5 10 ¢¢wiomic undcTsiandin¥. The boys talk Ebout lh¢ need iii sei exArnplc5 fvr Ihc yuun¥er pupils ond whBI lcadcrship cnthils. from b￿h th¢ p¢rspeclive of bein8 seen around SLhool and from lh¢ n¢¢d lo bring an elemenl ol'servite io Lhe communily. Every Y¢ar 8 boy lln Arca uf rcsptsnsibility around thc School Ihai enables th¢m 10 8ain Icadcr$hip experience. Thc Annual artli-bulliqng $urv¢y again produced results whiih wrr¢ both PD$ii1￿ and infvrtnltive a$ 10 ihe S￿1¢ or the 5choDI'5 inner workinBS as s¢cn throuBh Ihe ey&8 of individuBI pupil5. Co-turrlculxr ind Extr¥-¢urrl¢ulaT In Jllnc 2022 Year 4, Year 5. Y¢llr 6. Ycar 7 and YeEr 8 ertjoyrd a wcek's uuidoor pursuits ￿SId￿n(lo] irip. lo Wilt5hirr, Shropshirc, Dorsei. Cornw811 ind tkvoll respeLtivelyy whilst YeBT 3 cnjoycd u camp-out #i school. Oihcr r¢sid¢niial trips throu¥h the year inrludL'd u Bu8hcroft expÈri¢n¢e. A Irip Iv Card1ff And B trip lo Bdinburxh; il was a wonderlul r¢iurn 10 noTmaliLy In the POSL-COVID cra. Boys 81 Davenies havc Lvniinucd lo hav¢ lh¢ oppvriuniEy 10 13ke iheir expcriEnceB beyond th¢ ¢lAssrty)m ihough with thc 5ch(x)I conlinuing to prDVi(k a IrTmly ACE IAliern41ive CurriL'ulum Experience) dtty for all boys. There is imm¢asurable benefii from ih¢s¢ rxFrience5 for b(Ah social and pa&lvral developmeni. The C￿C￿[riC￿lar ProBramme coniinuedto Ihrive throughout the ycar from'llop £lub' Lo gyrnnaSLlf$, Iriaihlon lo robo¢ic$. chc¥s lo NFL Club, and FTrn£h thcatrc to mInd￿lneSs. Th¢ Davenics Cub Pack coniinucs to bc orK of Ihe most p)pular aclivilie5 with belwccn 70- 100 boy$ enrolled at any iimt from Yegr 3 10 Year 5. Boyl h¥v¢ 4150 ¢onlJnucdio¢ajoy 5UC¢¢55 that fr0￿coUntY chcg5 play￿ LAMDA perforLTW1¢¢5 snd ihe BEBRAS cbollengc. This exicnsiv¢ ¢ducai¢onal ¢xperi¢n¢¢. in wrn, help5 to ensurc the wellbeinB of OUT pupi15, in ￿rt, Ihrough cnrichmenl whErE we can furthBT sirengihen our Close relationships with the boys. Mtasuremcnt ofoursucce5sis part dDwn to Ihc suEccss ofthe enrichmeni programme in t¢rn15 Qfpupil achievemertlOUEside of the ¢la5stt)om and in helping with persundl dcvelopmenl by delivering kcy Iratssf¢rrable skills and promotin8 Posjtive $otioemotional outrom¢B through tk cfrcurricular activitie5 programme. Sport Swi in 2021-22 rewm¢d to normal with a full PTO8rlltnme of aciiviEie5 and matches Ihroughwi the year thou8h thc Ixnt tcrrn was disrupted by a sutge of COVID thai Tcductd the opportunity lo host VjSiLillg parents for maich leas. BEACONSFIELD EDUCATIONAL TRUST LIMTTED GOVERNORS, REPORT INCORPORATIliG STRATEGIC REPORT {Continuedl FOR THE YEAR ENDED 31 AUGLST 2022 A wide ran¥c of 5POrt i8 plllyed Bi the school with fixture5 or competiiioths hcld in rttgby. fotsib&ll, crickcr. swmmin Aihlctics, gymna%tic$. cr055-¢ountry and iriathlon. Pupils 8lbu cnlcr gDlf, knni5 aThd judo Lornpetilions, Th¢s ye8r SAW the return ro a tull fixmre pro￿5MmeS and school sport flourished. Davenie5 swirnmeTS enjoyed si8nificBnl success Including t the IAPS Swimming finals. Pupils also enjoycd 5ignifi£anl 5UC¢C4S ln nativnal gJThnasiies ¢otnpeliiiDns and a numbrrof boys cnjoyed naiiondl Success in the T APS re8ional athletlcb comp¢iiiion. Sporrs Day for tlie vanous ye&r 8roups was very well aiiL'ndcd by P￿entS and Ihe boys rosc its the challertge whilst wc gav¢ over our sports ficlds and fac¢liti¢s for use by Hi¥h M4rch girls sLhotsl. The school WBS rcop¢n¢d 10 local primary ￿h￿15￿urI￿8Ihc year as Davcnics returncd ioallowinB the olthe swimming p￿1 and QLh¢r spons prour4mm¢s inLludinbt or&t6nisinE and h￿$ling r(X>Lball, cricket And m￿li-Sport ￿urD&Ments. Arts 2021-22 wns aMther busy and produciive yeir lor the MUSIC D¢pirtm¢nt ai D4v¢nies. And a School production IThe Lion Kin81 was Iht culmination of ihe LenT LeTm, bring played to pBck¢d audicrccs every ni8hi. Years 3 lu 5 had Ihcir drama projects slTCaTned live lo ihe pllrents &nd thc Naiiviry. C.hrisiingle 5¢rvicc and Carol SeTvi¢e were all pres¢ni¢d onlin¢ for Parents rLlativt8 10 waicli. Th¢ lunLhiiJnc conccrl pro8ranirne cvntinu¢d carh t¢rni, and prov¢d v¢ry popular to all who att¢ndcd wliile rhe newly creulrd Irala Conccrt showco8ed the school's b¢si musician8 in a Ai8natyJrc CVCT)i. The year'8 hi¥hlighi8 wete taplllrrd on Eh¢ whool w¢bsit¢ and ociivcly promoted via wcial tncdiA. Brltlih VAlueJ AIDavenieswe take $criouJly ourr¢¥pon5ibilily 10 prfpirc ow boys for life in modern Briiain. Fundamerttol British Vilo¢$ are pmmoicd. disLIL5%cd, tAu8hi uliimatcly, lived uui by our boys, s￿ff #Thd visilur5 in their daily inlcraclions, This i¥ donc IhrouBh the School dhd Food Cuuncils.. Ehe rewllrds Sunciions sysi¢m which undeTPillS b(>y% luking overall r¢5ponsibiliiy.' bvy8 bcin8 given a voice ihrough quesiiunnaire5 and ￿rge15." rter m¢niurs and buddy schemes., uffcrin8 over 50 eXlTa- and c(KuniculuT Clubs ellL'h ierm., team ¥ames', ¢¥lebr•iin8 laiths ond difftTences in aiiemhlic5 and le550ns as WLII gLhievernenl% In and uui ofschool: whol¢ School ¢clcbraliuns and cornrnimoruiivns $uL'h &s our Rem¢mbraThce Service.. (he boyb choosing Sth(K>l and Housc chgYili¢s io suppon. and undcrstanding choices vio VlSllin% spc&k¢T&, workshops and visits. BursAry Aw•rd8 The Board agr¢¢d to th¢ ¢514blishm¢nl of 4 pErrnancnt Bur¥ary Fund (Fwidl in July 2002. The Furtd i8 funded dir¢ctly by fee¥ wilh somc addiiimal donations. Thc Fund is not formttlly consliluted bul hcett mAdc uvailablc 10 ¢x151in8 pupils 05e family h*v¢ lound IhEmselvts irt financilll dilli¢ulii¢s. This has in¢ludcd b¢￿aVement and e$iran¥¢n]cnl but has more usually been related to the108$ of empl¢)yrn¢ni or failur¢ In business. The Fund is noied in the $iatutory Nr¢ounts as boih Resiricled Fun41% Iprc September 20161 and now as a DcNignaiEd Fund. The Governors are commitlcd lo br(tradrning acces$ lo ihe Sch¢x)l in Years 7 & 8 by offering to L'liwble parcntslguaTdians means.le$ied findTrcial $uppon wilh the payTn¢ni of S¢hool8 fees dependillg on the finBncial, compllssiL)ndl¢ Other pertincni circumswnces of appliEants. Two bo)T in Year 7 & 8 wcyc awirdryj a bursary f•r S¢ptcmkr 2021 ioialling £19,484, whilst five other bursarics wcre awa￿Ed lo14lling £20,669. Pul￿£ Benent The Gov£rnor5, as Chariiy Tru%lces. havc r¢yrd lo th¢ Charily Commission's public FKncfJt ¥uidance when ¢x¢r¢isin their powers 8Dd duiies. In addition 10 the bufSaryaward6 noiedAbove, rhe fjov¢rnor5 ¢n¢ourag¢ ihe S¢lJrx)I's partnerships ttd rclaiionships wilh thc wider c(￿unitY. The School works with mpthy local charilies and cornmuniiy ¥roups lo widcn public acce55 to the faciliiie5 And ffsourc¢s that wc have avBilable Wc maintain a sirong relaiionship wirh Si Mary and All SainES C ofE Jnd 8utl¢rs Couri Primary SchLK)Is locallyand provideaccessto theswimmingpool alld swimmin8 teachin8sevml limes each week tortheirchildren 1144 huur5} and 72 hour5 offrce tEachiThg- We &150 maintsi￿ Si Mary'b sports fields and sotne ufour own ru8by and $o¢¢¢r fi￿￿T¢s #re held there. Duc lo Covid rc%trirlion5 Uliimate Cgmpwcre only &ble to run a camp for local cliildren for I week im October Half-ierm, but w*E able to run an 4bTidged camp programm¢ in Easier and then over the summer holiday5 3s rcstriciions were BEACONSFIELD EDUCATIONAL TRUST LIMITED GOVERNORS. REPORT INCORPORATING STRATEGIC REPORT (Contlnu¢dl FOR THE YEAR ENDED 31 AUGUST 2022 gradually litltd, A tljll PTogAmmc ensued. An avenge of 40 chilthen aiicnded every day duri￿8 Easier and 75 over the Summer. WoTking ¢los¢ly wirh gporls Nui and Burnhatn Gytnnasiics Club, we vpen our facilities to many mort Lhildren in the local communiry for crickei, SWiTnrning, 8yrnT￿S17ts and oiher sporis. The School hosted Sports NUE'S 5rKKt Relief 24 hr Swimaihun and qui2 nighls for local choriiiLs. 8L'a¢oDsficld Rugby Club, BeaGonsfield Cri¢kci Club. Chris Morrow Cricket Club, Colesliill Cricket Club, Wooburn Narkovians Crickei Club. Gerrard's Cross Cricket Llub, Secr Grrcn Football Club, Bea¢ottsficld Youth football t¢ams and PFO Fooiboll t[￿¢ rcgular use tsfour sports laciliiies out of school houts. The PE and G&mt8 Dtp4rtm¢nt 5ucce£sfully ran ihr¢¢ 1argc mulii-%ports cotnpclition ftsr IL*al primary Schools where DaveDi¢s bo>T supported Ihc day and We￿ dTJftcd in to helpsome l¢ams whow¢re a liitie shorton thi. day. Davenies also provlded 1.5 bours of frtt swimming every Sunday for2fv Ioc81 Ukranian reth8ec children, The Flistory dcplrtrncnt ran a very su¢¢ts8￿1 History cumpciilion IY¢ar 61 ond w¢ hosted & Maih5 competition for local SchtN)Is Ihat incluikd 24 prirnary Schools. The S¢h(x)I's Head ofcumpu¢in8 has continued LO rndinlfiin compulin8 l¢nks wilh local schools. Providing Ih¢8e specialist subject opportuniiie8 is ll #ood example of how we ust our ex￿rtiSt lo pr()rnole learnin8 in other Schools. The School also hosts a mcctin8 of loral nur5crici ¢ich tctrn ind enjoy8 supporting local even15 such a5 Rcmtmbrk￿e D¥y. B¢yronsfi¢ld Fe¥livul ofLi8his, dog Shows. ¢har¢iy events, theatr¢ and IuL*I com￿llIons. The academic year 20?1-22 was an incrL'dibly bu%y and 511c¢e55ful yraT fur our charity ende4vour5 pi Dav¢nie5. Wc continued 10 sUN)￿t ￿110￿81 cvcni% such Lhildrcn in Ne£d. Save the Childrcn Christmas Jump¢r 4nd Comic Relief, whil¥i also SUPPDrling IDcal charilie% such is Broceries for Ihc Onc Can TN51, and donBlinu unwanted 8¢hool ¢quipmcni lo othcr local s¢hw15 and or8an1501ion$. Wilh Ib¢ ¥UPP4MI uf Fiiend* of Doveiiies. we raised over £13.000 tor V#LIUUS L'hkrilie% and also provided .%cvcral non- monetary donptlQN5 iu wurihy ¢*use5 such As lo¢a15¢huols, ho.spitals and th¢ Onc C&n Tnisi. In tcrms Ot our main FIou5¢ Cook iaised £3.14? lor The Chr151i4n Ey¢ Found&iion Dr&ke rBi%d L3.223 f(x' Young Minds Scotr Tnised £4.438 for Qo Beyond Sh8ckleion raised £3.736 for Roald r)nhl's Marvellous Children's Chariiy In 4ddiiion lo supporring OUT usual cttmpaisng. some new iniii41ives Included ellEerinu a l¢um ol'six rurtners in Ihe Henley Iok who Lolleciively raised £2,305 for Macmillan Canc¢r Support and staging several ¢v¢nis 10 support Ukryinian rL'(ll¥eC% in response ioemer¥e#ty humaniiariAn appeals. Our Ycllr 8 boys also coordinaled donaiions for SCInAp￿ll1 ond On¢ C&n TnL5L diiring iheir LeBvers Prv¥ramrne. Fi￿ally, we w¢re delighitd to gift d¢¢ommis5ionEd iPads 10 Sobtll H￿ISe Hospice in Oxford and will b¢ ¢xi¢ndin8 rhis donHiion pTo8T&rnme in 2Q22-23. Volutttttrs The Board would likc to forniBlly thank Mr5 Ann Tcnnxnt &trd the parcni mcmbers of the FTTcnd5 Of Davtnieg Irtsistered ch&riEy 11675521, Bnd puetti volunieer8 in ihi SchLK)I for Iheir enihu5iastn cutLlinued suswort amuuniing ¢0 many hundreds of hours of 5ewvice. In total ovrr 40 vDliiniccrs a55i$i¢d lh¢ SrThool gnd they were involved In both the day lo doy life of the School and lh¢ muliiDJd¢ of funthaJsin¥ S￿￿41 aciivili¢b thai arc urgdnised for th¢ Dav¢nic5 community. which includes li31enin8 to bDy5 r¢ad, attd engaging ¢nthusi&siicBlly in Cub pgck aGlivities in School. FINANCIAL REIqEW F1DXn¢l￿ Perlormance The Governors considercd th¢ financi&l performance of the Charity this year Iv have brcn good in whhl wa$ the fiisl ￿11 y¢or following tlie global p&ndcmit. The outbreak of war in Ihc ukrai￿ and the ¥ub5¢quenE effect ffi [￿pIdlY rising energy prirE& wa5 fell, In part. this yw following the increasc in Talcs in April 2022. This WAS largely rnitigaled during the 8cad¢mi¢ y¢ar Ihrou8h savings achieved el$ewhere. BEACONSFIELD EDUCATIONAL TRUST LIMITED GOVERNORSI REPORT INCORPORATIliG STRATEGIC REPORT (CotytiDuedl FOR THE I￿AR ENDED JI AUGUST 2022 Income incr￿S¢d by Vh12021.' up 3.5%110 £5,688,334 {2021.. £5.217,1281 which wa8 driven by tt fee intre2St ès w¢ll th¢ retyrn. In full, of rcv¢nuc through leiiin85 and a £50.000 donation. Ovctall pupil nutnbers were 51i¥htly dowTh on Ihe prior year. N¢1 income was higheTat£329.69312021.. £281.4461. Expendiiure also incTBascd by8.5 /oto £5,358,64112021.. 14,935,682) normal aciivili¢8 r¢suMed following the effects of covi Surpluses are irtvesied ID th¢ ¢du¢&lional purpox5 and jnfra5iruciu￿ of the Scho9]. The Governors Consider thai thefund8 are sufficieTht to continue in op¢rBtionHnd to finoaec ihe ongoingcapitsl expendilllre ¢¢d¢d 10 m4intain and UPBAde th¢ SchoDI's facilities to provid¢ ¢x¢¢ptional l¢aming ¢nvironmtni 8¢ross the boArd. Capital expcnditur¢ £491.343 12021., £154.6521 t￿l￿d￿d the eonvtrsion ot. th¢ flat 10 muslc. th¢ 5tablcs to a new flaL d boiler, Ehree new Woode￿ orri¢cs fur PE, drum.$ and 5choDI shop, a li¥hiin¥ in Ihe PAC, iPads for Ihe new yeir 7s and vaTiOUS ￿her fix1u￿5 ind fjllings. Rtkvvti Pollty The Govcrnors rcgularly ￿vieW level 8nd notrjre of thc r¢8¢rv¢ fvnds of the School. Funds held ai year ¢ttd w¢re s follows., Unrcsiricied 8eneral fvnds.. Rebiricted fil￿$.. DesI￿ated ￿ndS (Burury bundl., £6,895,48 £67,925 £135,000 Re31ricl¢d Tcs¢rve% Telare entirely 10 Ihc Srhool'$ BursEry and remain in place for disbursem¢ni 88 case8 of hardship &T15C, Th¢ School ijoeb noi hold Any free reserves htsving tinThnccd th¢ dcY¢lopmcri costs ond fil out of the Jubilcc Biiilding over rec¢nl yeuT%. The Governor& &re l(M)kin¥ ro build up reseryc8 ovL'r Ihe forth¢omin¥ ytsrs iu rEinvest inlo th¢ School, infrasiNLlurc as pRn of ihe Masler Plan- 5¢¢ Fuwre Plans. The S¢huol ernployed a fundTaisty durin8 the year lo esi•blish an alumni foundation and lo work iowards some fiJndraisin¥ for Ilic laiesi £u8c in (he Master Plin- sce Futurc Plans. Various alumni cvenLS liave now been held in the %£hoftl and iTh London. The $Ghool hB5 4150 bEen ￿￿¢ful forthc con¢inuin¥ suppurtof the Friends of Davenie5. Partnis hLVe4110 donaied their dcposils, on leaving Ihe Sehool, 10 Ihc Bursary Fund. Gift Aid h&s been claimed whcre permissible. A 8enerou& donation way receivBd in the year towths the buildin¥ of th¢ music Ccntre. Th¢r¢ has beett rto ouisoDrLed lundrai51ng vil profc5sional fiJ*dTai5eTS or other third p4rtie5, thcrcfore, Ihere is no rEquiTcrncni lor Ihe SchiNIl lo b¢ T¢81Str￿d with (he fwulrlli$in¥ ￿￿ul￿10r. T￿re w¢fe no complaillu made durin¥ thc pcriDd in relation lo fUn¢lraiSi￿ Acliviiies. FUTURE PLANS The Qovemurs are committed to IIiv¢51inK in th¢ infrnsm¢turc and ￿soUrces ofthe School and ncw PE Offices, &cknol shop and (truTn cabin were all pur¢h￿d whilst th¢ Musi¢ DepJrtrnent was moved IPhase I l intv the old flai 10 Create six music pra¢ii¢e ruom$. The GDvernor5 underiwk furth¢r work on the Developmtni Plan 10 esilblith & IQ Y¢ai SITai¢gy for the School. The key &irns of the str&tcgy arc.. To offer acadernic cxcellencc alon8side an extttlbive tducaiional experienre.. We ar¢ ¥OlDg to r*LY¢ lh¢ profile olihe PerformlntArt$ 5oth¢ $tandprd of pcrfornwllce alld level of participtioll is ex¢cpiioh&l W¢ are ¥otn¥ 10 develop a STEM Hub in order to belTer pr¢par¢ our students for Ih¢ir fuiure careers We are going to provide an ¢nviable. ¢ngaging co-¢urrleul*r progrRmnLe th&1 every tx)y experienccs a breodth of ¢ducai¢on•l oppDrtunilie5 We are Boing 10 build on recent changes whi¢h seek 10 deliveran ambiiiDU& CKt¢n5ive CUTrlculvm in ail subjects We alt goin¥ lo extend our role within th¢ ¥porting ¢ommunlty BEACOYSFIELD EDUCATIONAL TRUST LIMITED COVERNORSP REPORT INCORPORATING STRATEGIC REPORT (Continued) FOR THE YEAR ENDED 31 AUGUST 2022 To deliver coniemporary attd highly skilled teachin8 appro&ches whilsi embracing tsadiliDnal ￿l￿¢S.. We are 80in¥ 10 provid¢ effective tool¥ for ie8¢hing slaffio mczsurc le&rnin¥ skills #crots th¢ board We are cotnmilied LO piuvidins opporturtities our 10 develop and pro¥r¢55 wiihin thE School such Ihat Davenie5 is a S¢hcN)I where ihe h¢>t teachers want to work W¢ will ¢onlinu¢ to embrtce Itthnologlt*l Advxncementi wiihin our Ic8¢hin8b l¢arnin8 And AdminisETalion To provide a vibranl, caring and tnclu5ive cnvironmeni 10 which all boys ¢onirihute and within whi¢h they Ihrive.. Wc arc going LO develop fy PTO￿Amme tliat ¢n￿)urs8cS communlty ¢ngllgement We art &JOing 10 invt$iisuie lh¢ poi¢niial for pyrtnershlplsl We going to fc6t¢r rclaLionthip8 wi(h our AIuTnil and c¥lablish s reCo￿ls•bIt neiwork within th¢ Dav¢ni¢s Community We are committed 10 broadenlng 4r¢eii io a Dav¢nie$ education Hnd Support bursary prvvisioll We are commiiicd io ￿1)d upon tsur p**tor*l tAr• framewc*k AlongsidE Ihc slraic¥y dL'YLlopment. the Govtrnur5 comm¢ssion¢d drchitecis lo undcrlake a MÉsier Plan c¥eriis¢ Ihai constdcrcd ihc infrasmicmre requiTcrncn15 to meet the longer icrni 8trat¢¥ic objcctivcs. rh¢ Mo$l¢r PIBn eonsidercd a variety ofopiions to mccl each aspe¢( and Ihe Governvrs drL' nuwtonsiderins how besi 10 lak¥ lilis forw4rd in bvih praLtical and IinllnctAI i¢mis. Thc exisiing plannin8 PCrn1155ion t(>T on addition&1 5CiCnGC lub and classroom has bcen rethined. but Ih¢ focus i$ nuw vn 4 modolJr build of2 &iienLL labs, a DT and ICT whi¢h i¥ bL.ill￿ delayed frojn 115 Sumtnei 23 planned build by on80in8 is$ues with plAnning pcrrni58ion by BC'L, though ihc school r¢mains opiimislic Ihpt a solution will be found 10 enable buildiii¥ io cotnmencc some point in Ihc 2rJ24.25 academic year. PRIIYCIPAL RISKS AND UliCF,R TAINTIES The Governor4 r¢viLY finuiicial performance 41 th¢ l¢rrnly Fin&n¥c & Gcnerol PuLpose Committee and lh¢ Gov¢rThws ¢oDsider SLratcgic. rcpuiatiunAI, uper#iioiial, coinplian¢c und fiiiancial risks Al ¢3ch B￿rd Ineeling. This $ysi¢m of iniemal conii'i>l, which Is reviewed 4nnually lur cftecliveness. ethlbles th¢ Giivl'imors lo ideniify the mgjor ii%ks LO which Ehe TTu&I is stsbjecl,. cnsure Ihal pruLcdiires are in place 10 munugc Ih¢m ¢iisur¢ that lh¢ Govcrnor¥ urc made aware of boih. Risk mnna8emenl 5e¢ks io.. mHnag¢ Ik risk5 Ihè¢ 4r¥ ¥iw)ifi¢ani to th¢ fuifilmeni of our ¢hariiable obje¢iivcJ Jnd Slhvol Aims support dccision ni8kin8 given Ihai Ihtr¢ ure no certaiiilies about Ihe fumrc eiicourage idenlificatiun ofsirenbpih8 aiid oppoMuniii¢¥ as well As wcJkn¢5scJ &nd Lh￿aL$ cnntribuie fo Ihe $8f¢gu8rdin8 of the Trtl4L'g èsseis lin¢liidin¥ Ilie prevention I dei¢ction of fratsdl facililale ihc Bifecliveness and ¢triciency of vpcraiions help ng ¢ot)ccrn busi$ ofictouniin in th¢ prepar4tion ol'ih¢ finpnGiil $i&iements 18 4)propriale. Based on lh¢ work w¢ hav¢ performcd, w¢ have not idtrtlifitd any maierial unceffainiies rcl*tin¥ IL> Events or cundiiiLmS thai. individually or collectively, may casr signilicant diiubi on the chDrilable comprtny's abiliiy io continu¢ 45 8 8oin¥ concern for & pcriLxI oful I￿$1 ttvelve Tnonih& from when Ihe finanLi41 stalefflenls are auihorised fur issue. Jr responsibiliiics and Ihc respon5ibiliEI¢S vf Ihc ¥uvcrnors with respL¢I ILty 8on8 concern llr¢ d¢5cribed ifi Ihe relevant .qeciion8 of this report. Oth¢r IMform*rfo The Buvetnuts are responsiblc for the other inlormition. Thr vth¢r information comwises the informaiion included in the Governors, Reporl. Our opinion on Iht finan¢i&l siat¢menis do¢s Thol cover Ihe oiher informo1i•n and, ¢x¢epi 10 ihe ex*tti oihernyix expliLiLly stui¢d in our repDri. wc do not express arty form of assurancc ¢on¢lu5ivn rhereon. In connection with our audit ol'ihe financial 5tAtemen15. nur rcsponsibility is ts) read the other informAtion in doin¥ SD. onsider whether ihe oiher iiiformalion is materially inionsisi¢ni wilh the financial ¥i&lcmenl8 or our knowl¢d8¢ ob￿Ined in Ihe audii or othtrwise Rppc&rs lo be rnBlerially miSs￿lEd. Ifwe identify such makriAI inconsisienLie5 orappareni m*i¢rial tnissiaiemettt8, we Are r¢qu1r¢d lo dclermine whcihcT Ihere is i matErial missiai¢m¢nt in th¢ finJnci&l statemcn15 L* 8 rnAieTi&I missioiemeni ol. Ihc other infomation. Tf, bHscd on ihe work wc have pcrfnrmt￿ w¢ crmclude ThBI thcrc 15 a rnalcrial mi55latemenl of this other irtformalJOll. we are r¢quir¢d lo r¢port that fact. Wc havc noihin8 ioreport in Ihis ragllrd. Uplnlons •n othtr matterj pre¥¢ribed by tht Compitbles Act 2006 In OUT opiniDll. ba￿d on Elie work underiak¢n in the ¢ourse of the Budil.. the inform&ti(m given in Ihe Governors. Repori (which incorporn1¢5 the $traleBic repon and the dire¢iorB' reponl for th¢ finatt¢ial y¢aT for which Ihc fi￿ncI&l statemenE$ art pr¢pared is con5151¢ni with th¢ finaTKi&I StsIeTnC￿1s. and Ihc straEcgic rfihe$e finanLial slBl¢m¢nls. IrregulErLEie%, in¢ludinB Ir*ud. arb inS￿n¢t$ ofnon-compliancr with law% 4nd rLyulaiions. We design prt¥LL'dures in linr with our responsibilities, ouilincd above. 10 detect m21¢rial mi5514iements in r¢spcci of irreBul&riiitA. including fraud. Th¢ exicni to which our proccdures Are cap&ble 0rdcl￿llng itT¢gulariiics, including fraud 1$ deLuil¢d b¢low'. Bwd on our und¢rsl4ndinB of the charilablc cornpany @nd Ihc ¢nviTonment in whilh li oper4le5, we idtnlificd Ihal Ihc principal risks of nun-¢ompliAnie wilh law5 and r¢gulaiionb rcl4i¢d 10 The EduLaliun Ilndependenr School SL&ndard51 Reguiaiion 2014, s&feb)uarding re¥ulHlions. hcalih andsalely law, GDPR 8ndempluymenl law 8ndwc COASILIer￿ the exteni lo which non-compliance mighi hav¢ a m&i¢rial cffc¢t on the finan¢ial slaicm¢n15. Wc also ¢vllsidered those laws and re¥ll1￿lI￿n5 that have & dircci imPA£t on the PTepBrnt)on of Ith¢ finJnLial siatcmenis such aN the C¢)mpRnics Aci 2006, Ihc Chariiies Aet 2011, 4nd PayToII la¥. We¢vBluat￿ Tnana8¢m¢ni's in¢eniivesgndoptx)rtuni11¢s for frauJul¢nl tDanipulaiion ofiht financial 51aEcmen15 lincludins th¢ risk of overrid¢ of¢Dntrolsl, and determi￿￿ thai Ihtprincipal riskswere relaied IOPOSllIlR Inappropriate journal entri¢s to revenue and tnanagernLnt bi85 in accouniing esiimaic3. Audit procedure$ pcrtorm¢d by ¢hc ¢ngR8ern¢nt team included.. In3￿cling ¢OTrcspotsthnEe with regul&tors and EHX lluthorili¢J', DisCU55ion5 with managemchl includin8 consideratim of known or 3u8wcied instances of non-compliance with laws &nd regulation and fraud.. Evaluaiing m4nag¢meni's COLtrols desigDed lo Pr￿n1 d¢t¢¢i 1￿C¥u1a￿lies. Identifying and tesiiD¥ journals. and Chllllen8ing assumptions and jud8emeDis mdde by mttn88¢tTh¢nt in thcir a¢counun8 c81imotes. 114DEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BEACONSFIELD EDUCATIONAL TRUST LIMITED Beeause of Ihe inhtrtni limi￿lIonS of an 4udil, th￿ is a risk that we will not delecl all irrcgulariiics, Including Ihos¢ le4dfftg to a rnateTial Tnisslatement ill the fiTLancial ststemrn15 or non-compliance with Tegulaiion. This risk intrtases the more thal compliance with a law or regulation 15 rcmoved from th¢ eve￿1$ And tTansaciion8 r¢fl¢et¢d in thc financial Ststrmenis, a5 we will be le85 likely to becoTne &w&re of instènces of non-compliance. The risk is also BreBter re￿rdIng irregularitics occurring due to fraud rathcr th8n error. as fraud involves ini¢niional eonc¢alm¢nr. forgvry, rollu$iort, omissioTh or misrepre5CntAtion. A fijnher dcscripiion of our resp(￿81b111l1¢s for Ik Judii ot the financial slaleTncnts 15 located on the Financi81 Reporting Council's w¢bsik at. li'1v￿,. '%. Thi8 descripiion form5 Part of our Buditor's teport. Use of our report This rcport is rnadc solcly lo the chariiable Com￿￿￿$ members. as a body. In accordanc¢ with Chaptsr 3 of Pèrt 16 of the Companies ACL 2006. Our Budit WOTk has becn undtrtaktTr so ih81 we miyhi smie lo ihe char¢iabl¢ compny's member5 thos¢ mailer5 we arc rcquircd to slai¢ 10 th¢rn in an AudiloT'$ report and for nooiher purpogc. To (he fu11¢5t exttntp¢rmitt¢d bylaw.we do not #ccepl OT45&urne re5POll51biliry lo 4￿yo￿¢ oihei Ihan th¢ ¢haritabl¢ comp&ny Dnd the charitablc company's members 05 8 bodyi for i)w audii work, for this rewrt. or for the ownions we have formed. TrAcey Youni {Senlor St•¢ytory Aydlt•rl For and on beh•lY of Hiy$ma¢lRtyre LLP, Stlltutory AudltOT 10 Queen Strtet Place IA)ndon EC4R IAG Date: 29 March 2023 14 BEACOT4SFJELD EDUCATIONAL TRUST LIMITED STATEMEliT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGLST2•22 UnTestri¢ted Fuhds Rtsirltttd Funds 2022 Total 1021 Total INCOME FROM: Ch4rltRble actlvltlu.. Schuol fe&s Other income Other tr¥dlnt let1￿11#.. Nun-ancillary ITadin¥ activities 5,368.8QS 150.518 5.368.805 150,518 5.026,382 71,628 95,365 95.365 45.224 Donptions Gran1¥ 65.655 7,991 73,646 20,148 53.746 TOTAL INCOME 5,680.343 7.991 5,688.334 5217,128 EXPENDITURE ON.. Rlising fundi". Finan¢in8 ¢0¥1S 87,599 87,599 87,061 Chirltable *crfvlllei'. Educaiion 5,255.691 5,271.042 4.848,611 TOTAL EXPENDITURE 5,343,290 5.358.641 4.935,682 NET MOVEMENT IN FUNDS 337,053 17,3601 329,693 281,446 Fund balance8 brou¥h¢ l(nvard 6,693,435 75.285 6.76R,720 6.487.274 Fund balances ¢&rried rory￿d £7.030,488 £67,925 £7,098.413 £6.768.720 All Income and expcndttwe derive from continuing activiiics. CompaAiivc movemcnl in reslri¢i¢d and unresiricted funds are shown in Note 20. The noks on p8gt$ 19 to 28 forrn part ofih¢5¢ fjnpncial 51w¢mtnts. 15 BEACONSFIELD EDUCATIONAL TRUST LIMITED Company Nyrnber: 007175IMI BALANCE SHEET AS A T JI AUGUST 2022 2022 Note4 FIXED ASSETS Tangible assets 10.017.233 9,915.(M3 CVRRENT ASSETS s￿Ck Dcbiors and b&Dk 10 ,709 86,647 2,098,403 1,709 75.418 2,125,041 2.186,759 2.202.168 CREDITORS. Due within one yeir 11.689,9961 11.605,5181 NET CURRENT A￿ETs 496,763 5Y6.65U TOTAL ASSETS LESS CURRENT LIABILITIES 10.513,996 10.521,693 CREDITORS- Due aller more than one ye¥r {3,41 S.5831 13,752,973) NET ASSETS £7,098,413 L6,768.720 FUNDS AND CAPITAL Restricted fiandB UnKslri¢l¢d funds 16117 1&17 67.925 7,030,488 75.285 6.693.435 TOTAL FUNDS 17,098,413 £6,768.72n The financial slalernen15 wcrc approved and auihori$ed for issu¢ by lh¢ Buard of Oov¢rnors on l S MIT£h 2023 And were signed below on its btth41f by.. CIVliK/d•J'- NGF.dw Chairman The noics OD pages 19 to 28 lorni ￿ of these fmRnciRI stAiemettis. 16 BEACONSFVELD EDUCATIONAL TRUST LIMITED STATEMENT OF CASH FLOWS POR THE YEAR ENDED 31 AUGUST 2022 2022 2C121 Nute5 Ntt cish provlded by operatlni attlvldei 748,364 951,692 Casb flows from IDVUtIDi a¢tfvltle8 Inl¢r¢sE ￿ld Purchase of tsn8ible fixed 888erB 187.599} 1491,343) 187,0611 1154,6521 Ntt euh ujed In InvtrtfTh£ *ttMtki 1578.9421 {241,713) CR¥h nowi from flnJLD¢IA8 4ctlvltlt4 Lo4n5 r¢p•id 119A0601 (247.5781 Net ¢1sh ui¢d In fiuan¢lni irttvltles 1196.(kSOI 1247,5781 ChAngt In co•h And euh *quIv￿*ftts im ye*r 126.638 462.401 Cuh At￿ castrL eqwvalcn(s al I Scplemkn 1021 2,125.041 1,662.640 CAsh and rosh eqv*lvAlenli At 31 2022 £2,098,403 £2,125.04l 17 BEACONSFJELD EDUCATIONAL TRUST LIMITED NOTES TO THE STATEMENT OF CASH FIA)WS FOR THE YEAR ET4DED 31 AUGLST 2Q22 2022 2121 R•conclllqiloN of ntt ￿0¥ement In fundi to net cuh tlow from operallon Nct movtmtni In fuMd$ F.liminalion of non-operBting cashflows.. Financing costs DepreciB(ion cknT8e (Increa5¢1 in debtors IncreasellDe¢rea5el in crediior5 329,693 281,446 87.599 399.153 87.061 410.132 110.7451 183.798 156,8531 418,671 670,246 Nrt Cash provbded by op¢r•tloni £748.364 £951.692 AN¥lyili of net debt At I Stpttmber 20ZI At 31 August 2022 Other Ch*niei Cwh ¢wih ¢qulv•l¢D¢s Ca8h 2,125,041 126,6381 2.098,403 Borrowlnis Debt due wiihin one year D¢bt duc aft¢r one ycar 1289.4191 13.061,8251 196.060 1196,0601 190,060 1289.4191 12,865,765 13.351.244) 196,060 Total 11,226.2031 169,422 11,056.71111 BEACONSFVELD EDUCATIONAL TRUST LIMITED NOTFS TO THE ACCOUNTS FOR THF. YF.AR ENDKD 31 AUGUST 2022 ACCOUNTINC POLICIES Gtntral Information BeaLon&field Educaiional Trust Limiied ig & Publi¢ Bentfit Entiiy regisfftd a5 a chHrily in Englllnd and Wllles llnd compBny IIrniiLd by guar&nt¢e. li was ineorpoAied Dn 21 February 1962 (company numb¢r'. 00?1750DI and re8i$iered as u Lhariiy on 16 July 1962 Icharily number.- 3131201. Basls of PreparAtlon ThE accounts hav¢ bc¢n pr¢par¢d on historical cosi COnVCAlion and in è¢cord&ncc Wilh Ihe Finan¢ial RcportiThg Standard dppli¢abl¢ ID Ihe UK and Republic of Ir¢lind IFRS IU21. rlie Ctsmponies Act 2006 and the Slaiernent of Rtcommend¢d Practicc ALcuunling and Reporting by CharitlC5'. th¢ Chariiie5 SORP IFRS 1021- eff￿live I Yanuary 2019. The tollotwng accouniing polieies have been applied consist¢ntly in dealin8 with ilern5 which &TC considcrcd maieri41 in r¢laiivn Iv Ihc School's fthancial siAiemenus. bl Golni etsh¢ern Fvllvwing a period ofuK etonorni¢ fluctualiDll5 thc fin4n¢cs of Ihc School have been robuslly managed 10 ensure they remaiii a 80ing con¢crn, A d¢ioiled budgti pr￿¢55 ensures any fijture eo$r incrca¥c5 llrc mitig8(¢d ihrough fc andlor cost cuuing8 in advancc of sijch in¢rease&. rollowin&i the ouibfeak of Ihe UkrainiAn Wor and rh¢ 5ub5¢qucni ￿nCr￿ priee incre88e5. Ihe school have man•ged ¢o%lS inlo rhc tollowing y¢gr as well a8 s¢1 d 6Vo Ice 1nLrc￿ In order kn cover Ihc escalatin8 fucl costs. A5 a r¢&ul¢ of the aeiion iaken and Ihc robusln¢ss of the manthgemcnt orth¢ 5¢hoo15 finances over th¢ cours¢ of the year, and since, Ehe Governurs consider Lhere io be no maierial un¢#riuinties relating 10 going concern ènd IhtrefoTe on5idcr It appropriaic 10 coniinuc 10 adopi Ihe going conc¢rn bASi$ in prcparinB the fin4n¢i41 SilE¢m¢n￿. S¢hool feej FccsTeccivablc &ndchEr8e5 forscTviccsnnd usc of Ihe premises, less anyallowanees.A¢holirship& i>ursarie$ 8fanEed by Lhe SLhool a84insi those fees. bui inLludirtg Loniribijiions rtceived frum rE¥tri¢t¢d fwid¥, a¢COUnt¢d for in the period in which the service is providcd. Other Income Th¢5¢ sources ofincome are included in the accounts when they beLVrnV fEf¢Lvablc pad their valu¢ cAn be m¢d5ured WLih reasonable ctnainty. Don*tloA4 It8#cle5. and other voluntAry Incorne Voluniary income 15 ai¢ouniBd for as and wheii entirlement orise5, Iht amnuni Can be rtliably quaniified and the L¢0￿￿MiC beNefil 10 the SLhuol 15 ¢on$id¢red probsblc. Voluntary inLome for the Sch¢)ol'$ getteral purpuse$ 1$ &ccounred r()r As unrcstiicicd is crcdired ID thE Gcneral Fund. WheTe the doni>r ur an &ppc&l has impoxd r¢biriLtion5, voluntary income is Lrcdil¢d lo Ihe relcvanl res1iici£d fund, Granl incorne relaics to Ihc Govtrnmenl's Corottavirus JL* Rctenlion Grant and is recoglli5cd under th¢ ecruals bas15 in line wilh staff ¢osi$. Expendltll Exp¢ndirure is acctued for 50Dn a5 D li&bility i3 considered probable. dixounted 10 prcxni value for long Icrm Raising fund5 compris¢ c￿19 associated wtih finan¢in8. Chorituble acliwiycosts repres￿1 cvstsdirecilyas5ocialed with the provision ofeducBtioTh Bnd related5UPPQrt cosis. Govem•n¢e costs coThprise the costs of runningthc ch&Tlly. in¢ludin8 siraie8i¢ planning lor its fijturc devclop￿cnl. cxtcrnal audit. any legal advice for Ihc School's Govtrnor4 and ill lh¢ costs of ¢omplyng wilh ¢onsiituiional and 51atutory rcquir¢m¢nts, such as the Losts ofBoard and CommiLtee meeiin88 and of PTeparinE S121uloryaGcountsand 5rttisfyitt8 public a¢¢ouniability. IrrccovErable VAT 15 includco wilh tlems of expenditure to which it rcl&tCS. 19 BEACONSFIELD EDUCA TIO]YAL TRUST LIMITED f40TES TO THE ACCOUNTS Icontlnuedl FOR THE YEAR ENDED 31 AUGUST 2022 PtThsloM Costi Reiir¢meni benefiis to ¢mploye¢5 of th¢ School provid¢d through Thvo pension sch¢mes. The p¢nsion costs char¥cd in (he Siaiemetti of Fin8ncial Aciivtiies Bre determined &5 fdlows.. lal Thc defit)td pension contriburion scheme Aviva is open io dll TeachinB Sthff. For all non-Ica¢hiThglsupport staff 8 s¢heme Ihrough Royal London is made availabl¢. Iblother pension costs ¢hArBed in Iheaccounts fordcfincdLuntribuiion s¢hemc5 r¢pr¢s¢nl the contyibuui)DS papble by Ihe School durin8 the y¢ar. h} Deprtcl*tlon DepreLiation is prDvid¢d on fjxid a¥¥ets Lo write off their cosi less residual values over e$timaEed useful liv¢s 10 th¢ School at the following Taics.. Freehold buildin8 FurnitUTe, lilling5 and equipm¢nt Motor vehicles and garden cquipmeni . 2% on cost 10%- 30% r>D cosl - 2￿ on co81 Th¢ capiialisaiion l)mit for th¢ School 1$ sei xi £SIK>. StoLk All siock is staEcd 81 the lower of cost Bnd nel re&lisable value after making due allowfjncc for abJol¢l¢ 4nd 510w- moving sic¢k8. Dehttsri Trade And other dcblorJ drc rcco8ni$ed at the seiilemettE amount duc after ony di5¢0unts off¢r¢d, Pr¢pllyrn¢niJ 4r valu¢d ai Ihe atnuuni prepaid nei of any discounts due. kl C￿h bgnk Cash 81 bank and cHsh in hand in¢ludcs CAsh 2nd short tem) highly liquid invesimenis wilh a shorl maiuriEy of three months or less Irom thi d4te of a¢qui51tion or apcnin8 of Lhc d¢psit or similar accouni. Crediiori and Provllloni Crcdiiors and provisions are recogni5cd wherL the School has a present obli8aiion resuliing from 8 past ¢vcni Ihal will tFrobably result in the rron51¢r of fvnds 10 a Ihird party and the Bm(FufLr due io stitlc th¢ obligaiion can bc mcAsured or ¢51imaEed reliably. Creditors and provisions are normally recognised al th¢ir 5¢1El¢m¢nt amouni after 8llowin8 for 4￿Y d15¢0unis du¢. Flninclal Inslrumenti The S¢hool only hi4 financial a55els And lillanc¢al liabililiL'8 ofi kind thai qualify bAsi¢ financi41 in5trumcnlX. Basic finBn¢ial instrurnents Rrc Iniiially recognised ai li81￿Cli0n valu¢ Jlld subscqucnily m¢a5ur¢d al Iheii ttlemeni valu¢. Funds Unrestricted fun(L4 COTnprisc ￿cUM￿l&￿d 6un>luses ot)d deficits on 8¢neral fvnd5. They 4vailabl¢ for wse 21 the dixrclion of Ihc Governors in fwihcrance of the BenEral churitable objeciives. Restyicied fvlldsar¢ fund5wh>ch are io bcusns, actual resuILS tnay uliimaiely diffcr from those Estimaks The Governors consider Iherr lo be nomaterial treas 5ubj¢¢i 1¢ ¢s¢imaDrffi and Judgemcni. 20 BEACONSFIELD EDUCA TIONAL TRUST LJMrrED NOTES TO THE ACCOUNTS {¢ondAuedl FOR THE YEAR ENDED JI AUGLST 2022 SCHOOL FEES 2022 2021 Gro55 f¢c5 F¢e5 given as bJTSatieS Fees wven as s¢holar8hips Fees ￿Vell as discount¥ 5,477,243 129,0421 128.200) (66.54 5,176.629 141,9841 125,3501 5,353,454 5,026.382 Add.. Tsur￿￿¢S poid by r¢sirict¢d funds £5,368.805 £5.026,382 OTHER INCOME 1022 21121 Exir&A R¢gistrAiion feel School LvL'nts Sundry iTrEorne Inieresi r¢c¢iv&bl¢ 79,070 6,000 56,366 7,4()4 1,6711 49,105 5.31 S,8(MJ £150,518 £71,628 OTHER NON-ANCILLARY INCOME 2022 IL121 ttlnBs incomc £95.365 £45.224 AYALVSIS OF EXPENDITURE Total Z022 Costs Othtr A) Total Expendltyre Raisin8 funds.. Financing co515 INot¢ 61 87.599 87,599 ChrtrrAblt e%penditute'. Teaching costs W¢lfarc cosrs PremiKs G(Mts Support C0$16 gov¢rMw¢ BuLyf1¢5 from rc5tricted funds 2.754.447 77.814 172,998 340.021 480,568 351,576 451,134 227,980 144.408 3,379,423 429.390 878,877 568.(M)I 15.351 254,745 3.345.280 1,526,609 399,153 5,271,042 3.345.28n 1.614208 399.153 5J58.641 21 BEACONSFtELD EDUCATIONAL TRUST LIMITED NOTES TO THE ACCOUNTS (COn￿n￿ed} FOR THE YEAR ENDED 31 AUGUST 2022 ANAI.YSIS OF EXPENDTTURE Itontlnued) Siof( Coiti Tvt41 2021 Othtr Deproclatlon bl Tot&l Expehdltur¢ Raising funds.. Financing ¢osis (Note 6) 87,U61 87.061 Lharilabl¢ ¢xp¢ndiiur¢'. Tcaching Costs Wcifare Costs Pr¢rni¥e$ ¢09ts Suppori cosi8 and governHnc¢ 2.687,505 3,412 160.352 •75,794 341.450 223.459 428,644 237.873 137.775 3,166,730 306.871 861.353 513.667 172,3S7 3.207.063 1.231.426 410,132 4,1148.611 £3.207,063 £1.318.417 £410,132 £4,935,682 ¢1 Cov¢rn4n¢¢ Influd￿ In Jupport ¢oiti 2022 2021 Remuneraiiun paid ￿ auditLff for 4udil services 15,?70 14,400 There Were no pJ)rynenLS mlldc EU Gov¢rnoru durin¥ the ycllr12021.. nill. FINANCE AND OTHER COSTS 2022 2021 LoBn Inte￿$1 £87,599 £87,061 STAFF COSTS 2022 2021 St&(ft05t5 lllclude: Wa8es and salanes Srtial se¢uriiy COBts Pensjon 2.460.3(K) 2,408,899 237,013 633.364 3.345.280 £3.2U7.063 A rcdundancy pA￿ent of £nil 12021.. £9.5641 w&s paid during the year. The number of employees wh(48C cmolumcnts for th¢ ￿ar f¢ll within rhe followin8 hnds w¢re'. Number Number £60,001- £70.000 £70.001- £80.000 £120,(M)1 . £130,(X)o £130.001- £140,(KM) Pet)8ion coniributions for the above employee5 amounted EO £50.56712021= £17,093I. 22 The ioial atttouni paid to k¢y man&gem¢nt personnel in th¢ year Iitslled £822,359 {2021.. £782.7511. Thc average nutnbcT of employcc5 during the Irar wa5 8012021.. 791. BEACONSFIELD EDUCATIONAL TRUST LIMITED NOTES TO THE ACCOUNTS IcontlTrued) FOR THE YEAR ENDED JI AUGUST 2022 STAFF COSTS leontrlhu¢dl 2022 2021 Th¢ full time ewivalcnt numbcr of employees in the Ye￿WaS- Teachers Te￿hing Support Suroort Staff 40 21 78 78 PENSION SCHEMES Thc School OPETDl¢s a dcfin¢d Contribution SLheme fur ieachinB si4ff, tun by AvivB. Thc a55cls of the Jcheme OTQ hcld $c￿ra1¢1Y from those of Ihc School in an independenLIy Bdmini¥icrcd fund. The pcnsion char8c reprcs¢nis Contyibuiions Pay￿ble by IhE Sch(¥ol lo Ihe fund 4iid &muunt¢d LO 1542,34312021.. £526,999). Coniribulions loiallinB £43,013 were payablc EO rhe fund &1 the bAlancc ¥h¢¢t doi¢ and are included wiihln crtyJiiots12021.. £41,U741. School OP¢Toies A defined eoniribuiion ychern¢ for non-1¢4ching siaff, run by Royal London. The ssseis of the sch¢mc aro held separaiL'ly from Lhu$E of rh¢ School )n gn indcpcndcnily administered fund. The pen8ion chttrge rcprc8cnl¥ contribution¥ p#ydbl¢ by lh¢ School lo Ihc fU￿d and amounicd ID £91.U2112021.. £34,153). Contribution5 lotElling £10,344 were PHyAble lo Ihe fund li Ihc balance date and Bre intludcd within CTeditor&12021., £nill. XED ASSETS Freehold LtLnd Ahd Bulldlny O¢her Flxed Amtri Motor Vehlrki COST At I Scpt¢mbeL' 2021 Addiliorts Disposals 12.837.778 182,292 6S.238 2,413.015 309,051 15,316.031 491,343 At 31 Augu8t 2022 13,020,07Q 65,238 2.722,066 15,807,374 DEPRECIATION At I Sepiemb¢r 2021 Charge for thl. ￿#r Disposals 3.508.24fi 254,745 65.238 1.817.504 144.408 5.390,988 399,153 AI 31 Au8usI 2022 3,762.991 65.238 5.790,141 NET BOOK VALUE Ai 31 Auwi 2022 £9,257.079 £760,154 £lQ,017,233 At 31 Au¥u512O21 £9,329.532 £595.511 £9,925.043 23 BEACONSFIELD EDUCA TIONAL TRUST LIMITED NOTES TO THE ACCOUNTS Icontlnued) FOR THE YEAR ENDED 31 AUGUST 2022 IQ. STOCK 2022 2•21 Go(xls for rttale £1.709 £1.709 DEBTORS Z112Z 2021 Fcc dcbiors Oih¢r thbr(xs PrepoyTnen18 and occnjed incom¢ 635 59.758 26,254 4.129 38,929 3•.360 £86,647 £75,418 12. CREDITORS- dué wlrhln Ooe yeAr 2021 2021 Bank loan Tr8d¢ creditors Accnjals und ¢Jeferrttd income Fees reGeivcd in udvBncc Deposits from pamts Other crediior5 289,419 56.528 990,162 275,42B 67,2 289.419 3.184 949,467 273,765 66.4(KJ 13,283 £1,689,996 £1.605,518 The bank Ic4n is S￿ured on lh¢ fr¢¢hold prop¢rty. 13. CREDITORS- due Rfter fflOTe thin one y¢ar 2021 11121 Battk104n Dtposiis from parcn Fees in rtdvance 2,865,765 138,599 3,061,825 I41,￿j0 549.248 £3.415,583 £3.752,973 An4lyilJ of bsnk Iollns.. AmTrunts falling due.. B¢Mc¢n onc Iwo yc8rs Betwccn twtr And five years After five years 289.419 1.157,676 1,418,670 289,419 1,157,676 1.614.730 £2.865,765 £3,061,825 The bank fAcility, cornpr15ing a businEss krni loan of £ 3,155.184 12021.. £3.351,244), is 5ecurcd by a fitsi Ic¥al charg¢ o¥¢r the frcehold land and buildings ai Beaeonsfield Educational Trusi Limi1¢￿ Th¢ loan 15 ￿pay￿ble over 17 Jtars and 6 months following a Capital holiday p¢riod of 18 months from DrccmbeT 2014. with intcrcst charged at 2.35Q/o P.&. abov¢ the ba$e rate. 24 BEACQYSFIELD EDUCATIONAL TRUST I.IMITED NOTES TO THE ACCOUNTS Itontlthlled) FOR THE YEAR ENDED JI AUGUST 1022 13. CREDITORS- due After mor¢ th4n one yew (eonilThuedl Fees lkn *dv*nEe 5chorD¢: A d¢¢ision w&% taken for the f¢c& in advancc s¢heThc lo ccase for new dcposiis from S¢pt¢mber 2U22 whilsi honouring the ¢ornmitsnenl for the Cut￿$ h¢ld and TYL#ivcd up to Llus &1¢. The money Slill hcld may be returned subjcct to specifi¢ condiiions on the receipt of one tttm'& noiicc. Assuming pupils will rcmain in the School, fc¢5 will be applied folluws.. 2022 21121 Amoun1$ falling due,. Betw¢erJ Dnc and rwo yt& Betwttn EWO Bnd five years 275.428 203.582 345.666 549,248 Within otte yedr 275,428 273,705 686.647 £823,Q13 Summary of movemtnti Ih Il*blllty Balance &1 1 SepL¢m￿r 2021 New CnllErac Amoun18 used lo pay fees R¢paid in year 823,013 165,250 BAl*n¢e at 31 Au8U$t 2•22 £686,647 14. DEFERRFD INCOMF. The bolènce ￿p￿¢S¢ntS th¢ incum¢ r￿e1ved fOrAr&t￿Mn 2022 fe¢s. Tk movements during the yeu werc,. 2022 2021 Brtsughi forwgrd ArnouKls receiv¢d the yeor Amoun1¥ Ulilised in thr )rar 844.019 718.590 1844.0191 639,942 844,019 1639.9421 Carried forward £718,590 £844.019 TAXATION The School i8 a r¢gi51fred charity and no tAxation is p&￿ble on irs income. 25 BEACOTr4SFIELD EDUCATIOf4AL TRUSf LIMITED NOTES TO THE ACCOUNTS Icontlnued) FOR THE YEAR ENDED JI AUGUST 2021 16. MOVEMENT IPI FUNDS BIlAnce at I Stpitmber 2021 B*lante at 31 AuKu$t 2021 In¢om¢ Expeodlture TraDyferi Rtstrl¢t¢d - Bursary Fund 75,285 7,991 67.925 Unrtitrl£ied Genero1 Fwjd - DesignalEd Bursary Fund 580,935 112.500 5.680,343 5,343,290 122,5001 22,500 6,895.488 135,000 6,693,435 5.680,343 5.343.290 7.030.488 TOTAL FUNDS £6.768.720 15.688,334 £5,358,641 £7,098,413 2021 MOVEMEYT IN FVYDS B*l4n¢t at I September 2020 BAlwn¢¢ xt 31 Au8U$t 2021 Ineorn¢ Exp¢ndlturt TrJL ThsftT5 . Bursary Fund 67.472 7.813 75,285 Unruirith¢d GeneTal Fund - tkiignAi¢d Burjary Fund 6,J29,802 90.000 5,209,315 14,935,682) 122.5001 22,S(X) 6.580,935 112,500 6,419,802 5.209,315 14,935,682) 6.693,435 TOTAL FUNDS £6,487,274 £5,217.128 £14,935,682) £6,768.720 Uiiit51J7ciedFunds The Unrcstricled Oettersl Fund represents the unre5tTicied funds whlah rhe Governors &re free io usc in accordance wilh thc ch￿l￿bI¢ obj¢¢t5. Th¢ Dc51￿]￿ted Bursary Fund rcpr¢seni8 funds to be u5¢d for the remisbion Df fees for families with short 10 rnedium t¢rm fin&nci&l difficulties. Re$rrl¢iÈd Bvrsary FuAd The Bursary Fund is uscd fth. th¢ rem158ion of fces for fimilies wilh shori to m¢