| ~Pa e | |
|---|---|
| Company information |
|
| Governors' Report |
4-9 |
| Auditor's Report |
10 - 12 |
| Statement of Financial Achvtties |
13 |
| Balance Sheet | 14 |
| Cash Flow Statement | 15 |
| Notes to the Financial Statements | 16-23 |
| *Members | of the Finance and | General Purposes | Committee | |
|---|---|---|---|---|
| Clerk to the | Governors/Company | Secretary. | Mr N P Norns | |
| Registered | Office: | Knoll House | ||
| Knoll Lane, Doric Mullen | ||||
| Wimbome, Dorset BH21 3RF |
||||
| Website: | www. castlecourt. corn | |||
| Auditors | Fletcher & Partners | |||
| Chartered Accountants |
||||
| Crown Chambers | ||||
| Bndge Street | ||||
| Salisbury SPI 2LZ | ||||
| Bankers: | HSBC Bank pic | |||
| 17 Market Place | ||||
| Blandford Forum |
||||
| Dorset DTI I 7AG | ||||
| Headmaster: | Mr L A Gollings | |||
| Bursar: | Mr N P Nonis |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Notes | Funds 6 |
Fundsf | 2022 6 |
2021 5 |
|||
| INCOME FROM: | |||||||
| Grants and Donations | 15,898 | 16,250 | 32,148 | 101,974 | |||
| Chantable activities - Operation |
of the school | ||||||
| School Fees | 3,149,035 | 3,149,035 | 3,255,399 | ||||
| Extra Support Fees | 29,666 | 29,666 | 35,833 | ||||
| Other trading activities |
|||||||
| School Shop commission | 4,428 | 4,428 | 4,367 | ||||
| Lettings | 3,316 | 3,316 | 31,949 | ||||
| Investments | 58 | 58 | 43 | ||||
| Profit on sale of fixed assets | 731,140 | 731,140 | 381 | ||||
| Other | 29,681 | 29,681 | 21,704 | ||||
| Total Income | 3,963,222 | 16,250 | 3,979,472 | 3,451,650 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 43,339 | 43,339 | 43,176 | ||||
| Charitable activitres |
|||||||
| Costs ofoperation | ofschool | 3,329,415 | 1,200 | 3,330,615 | 3,470,488 | ||
| Total Expenditure | 4-6 | 3,372,754 | 1,200 | 3,373,954 | 3,513,664 | ||
| Net Income/(Expenditure) | 590,468 | 15,050 | 605,518 | (62,014) | |||
| Reconmliation of Funds |
|||||||
| Total funds at 1 September 2021 | 3,580,447 | 67,400 | 3,647,847 | 3,709,861 | |||
| Total funds at 31 August 2022 | 4,170,915 | 82,450 | 4,253,365 | 3,647,847 |
| COMPANY NUMBER | 1134697 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 2022 | 2021 | |||||
| 6 | 6 | 6 | |||||
| TANGIBLE FIXEDASSETS | 5,062,642 | 5,678,602 | |||||
| CURRENT ASSETS | |||||||
| Stocks | 10,184 | 7,236 | |||||
| Debtors | 162,314 | 155,154 | |||||
| Cash at bank and in hand | 837,430 | 459,461 | |||||
| 1,009,928 | 621,851 | ||||||
| CREDITORS: Amounts | falling due within one year | 10 | 740,386) | 723,095 | |||
| NET CURRENT ASSETS / (LIABILITIES) | 269,542 | (101,244) | |||||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 5,332,184 | 5,577,358 | |||||
| CREDITORS Amounts |
falling due after more than one year | (1,078,819) | (1,929,511) | ||||
| TOTAL NET ASSETS | 4,253,365 | 3,647,847 | |||||
| Unrestricted Fund |
|||||||
| General Fund |
13 | 4,170,915 | 3,580,447 | ||||
| Restricted Fund |
14 | 82,450 | 67,400 | ||||
| TOTAL FUNDS | 4,253,365 | 3,647,847 | |||||
| Signed on behalf ofthe | Board ofGovernors | ||||||
| Mr | I Johnston | ||||||
| Date approved by the Governors: |
,Zj~jZ.,23 |
| Note | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| F | 8 | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||||||
| Net cash provided by (used in) |
operating | activities | 194,829 | 285,019 | |||
| CASH FLOWS FROM INVESTING | ACTIVITIES. | ||||||
| Interest from investments |
58 | 43 | |||||
| Purchase of property, plant and |
equipment | (255,395) | (164,063) | ||||
| Proceeds from the sale of property, plant |
and | equipment | 1,429,634 | 5,596 | |||
| Net cash provided by (used in) investing activihes |
1,174,297 | (158,424) | |||||
| CASH FLOWS FROM FINANCING | ACTIVITIES | ||||||
| Repayment ofbank loans |
(930,727) | (71,115) | |||||
| Finance lease | 54,072 | ||||||
| Repayment oftinance leases |
(18,024) | (9,012) | |||||
| Interest paid | |||||||
| Net cash provided by (used in) financing acbvities |
991,157 | 69,504 | |||||
| CHANGE IN CASH AND CASH EQUIVALENTS |
IN THE REPORTING PERIOD | 377,969 | 57,092 | ||||
| CASH AND CASH EQUIVALENTS | AT THE BEGINNING OF THE REPORTING | PERIOD | 459,461 | 402,368 | |||
| CASH AND CASH EQUIVALENTS | AT THE END | OF THE REPORTING PERIOD | 837,430 | 459,461 | |||
| NOTES TO THE CASH FLOW STATEMENT | |||||||
| a. Reconmliation ofnet income/(expenditure) |
with net cash flow from operating | activities | 2022 | 2021 | |||
| 6 | |||||||
| Net income((expenditure) for the reporting |
period (as per the | 605,518 | (62,014) | ||||
| statement of financial activities) |
|||||||
| AdJustments for: |
|||||||
| Depreaation charges |
172,860 | 193,360 | |||||
| Interest from investments | (58) | (43) | |||||
| Interest paid |
42,406 | 43,449 | |||||
| (Profit)/loss on disposal of fixed |
assets | (731,140) | (381) | ||||
| (Increase ydecrease in stocks |
(2,948) | (150) | |||||
| (Increase)/decrease in debtors |
(7,160) | 59,342 | |||||
| Increase/(decrease) in creditors |
115,351 | 51,456 | |||||
| Net cash provided by (used in) operating |
ac6vities | 194,829 | 285,019 |
| (b) Tangible Fixed Assets |
(b) Tangible Fixed Assets |
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Expenditure on fixed assets is |
capitahsed | except for | expenditure | incurred | on assets of low value (less than f300), with a short life. | Repair | and | ||||||||
| replacement expenditure |
is written | off | as | expenditure | in the statement | offinancial | activities. The cost of fixed assets is their purchase | cost, | together | ||||||
| with any inmdental costs |
ofacquisition. | Depreciation | is calculated | to | write off the | cost of tangible fixed assets, less their estimated |
residual | values, | |||||||
| over the expected useful | lives | of the assets concerned. The annual | rates used for this purpose are as follow, |
||||||||||||
| Land and buildings existing |
at | 31 August 1992 | Nil | ||||||||||||
| Improvements to freehold |
property | since 1992 | - 10% | straight | line (lo 31 August 1999) |
||||||||||
| - 2% | straight | line (from 1 September 1999) |
|||||||||||||
| Administration office |
equipment | -33% | straight | hne (SL) | |||||||||||
| Educational equipment |
-25% | straight | line (SL) | ||||||||||||
| Spemfic items | -33% | straight | hne (SL) | ||||||||||||
| Motor vehides | -25% | reducing | balance (RB) | ||||||||||||
| Furniture and fittings |
-10% | redumng | balance (RB) | ||||||||||||
| Estate equipment | -20% | reducing | balance (RB) | ||||||||||||
| Swimming pool equipment |
-20% | reducing | balance (RB) |
| (I) Pension costs | (I) Pension costs | (I) Pension costs | (I) Pension costs | (I) Pension costs | |||||
|---|---|---|---|---|---|---|---|---|---|
| Contnbutions in respect ofthe Teachers' Superannuation |
Scheme and the | company's | defined contribution |
schemes are charged to the Income and |
|||||
| Expenditure account |
in the year for | which they are | payable | to the schemes. | The company's contribution |
to these schemes | for the year was 6284,824 | ||
| (2021:8318,450). | |||||||||
| 2. GRANTS AND DONATIONS | 2022 | 2021f | |||||||
| Government Grants |
-Coronavirus | Job Retention | Scheme | 72,520 | |||||
| -Klckstart | 1,887 | 3,912 | |||||||
| -Unresulcted | 14,011 | 542 | |||||||
| - Restricted | 16,250 | 25,000 | |||||||
| 32,148 | 101,974 | ||||||||
| 2022 | ~22 | ||||||||
| 3. OTHER INCOME | 6 | ||||||||
| Registration fees |
6,700 | 7,391 | |||||||
| Insurance Claims |
3,506 | ||||||||
| Sundry income | 12,487 | 6,210 | |||||||
| Holiday Courses | 2,765 | 2,024 | |||||||
| Surplus (loss) on | recoverable | costs | 4,223 | 6,079 | |||||
| 29,681 | 21,704 | ||||||||
| 4. EXPENDITURE | 2022f | 2021 | |||||||
| Direct charitable | expenditure | includes | |||||||
| Depreciation | 172,861 | 193,360 | |||||||
| Auditors' remuneration |
|||||||||
| - for audit | 6,000 | 6,000 | |||||||
| - for other services |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 5. STAFF COSTS | 6 | 6 | |||||
| Wages and salaries | 1,857,137 | 1,969,456 | |||||
| Redundancy and termination |
settlements | 35,624 | |||||
| Social secunty costs | 159,754 | 155,284 | |||||
| Pension contributions |
284,824 | 318,449 | |||||
| Other staff costs | 8,184 | 19,094 | |||||
| 2,309,899 | 2,497,907 | ||||||
| The average number of employees |
in the year | was: | No. | No. | |||
| Teaching Full time |
29 | 31 | |||||
| Teaching Part time |
20 | 24 | |||||
| Welfare | 21 | 23 | |||||
| Premises | 6 | 5 | |||||
| Administration | 18 | 20 | |||||
| Total | 103 | ||||||
| 2022 | 2021 | ||||||
| The number ofemployees | whose | emoluments | exceeded 860,000 were: | No. | No. | ||
| 670,000 - 580,000 | 1 | 1 | |||||
| 8 | 6 | ||||||
| Remuneration to Governors |
Nil | Nil | |||||
| Expenses reimbursed |
to Governors | 6494 | 60 |
| 6.a. ANALYSIS | O | F EXPEN | DITURE 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| 6~aft | ~Tote | Total | ||||||
| costs F |
Other 8 |
~De redation | 2022f | 2021 | ||||
| Raising Funds | ||||||||
| Marketing 8 |
publicity | 43,339 | 43,339 | 43,176 | ||||
| 43,339 | 43,339 | 43,176 | ||||||
| Charitable activity -operation |
ofthe school | |||||||
| Teaching costs | 1,637,178 | 201,910 | 70,598 | 1,909,686 | 2,079,137 | |||
| Welfare | 211,664 | 117,051 | 5,588 | 334,303 | 328,717 | |||
| Premises | 98,634 | 313,201 | 95,713 | 507,548 | 520,123 | |||
| Charitable support |
costs: | |||||||
| Administration | ofthe School | 362,422 | 167,289 | 961 | 530,672 | 492,681 | ||
| Interest payable | 42,406 | 42,406 | 43,449 | |||||
| Governance | costs (note | 6c.) | 6,000 | 6,000 | 6,000 | |||
| Costs of operation | ofthe school | 2,309,898 | 847,857 | 172,860 | 3,330,615 | 3,470,107 | ||
| Total expenditure | 2,309,898 | 891,196 | 172,860 | 3,373,954 | 3,513,283 |
| 6.b ANALYSIS |
O | F EXPEN | DITURE 2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Staff | Total | ||||||||
| costs | Other | ~De redation | 2021 | ||||||
| f | f | 6 | |||||||
| Raising Funds | |||||||||
| Marketing & |
publicity | 43,176 | 43,176 | ||||||
| 43,176 | 43 176 | ||||||||
| Charitable activity- |
operation | of the school | |||||||
| Teaching costs | 1,829,623 | 181,296 | 68,218 | 2,079,137 | |||||
| Welfare | 231,438 | 91,629 | 5,650 | 328,717 | |||||
| Premises | 100,907 | 299,724 | 119,492 | 520,123 | |||||
| Charitable support |
costs | ||||||||
| Administration | ofthe School | 335,943 | 156,738 | 492,681 | |||||
| Interest payable | 43,449 | 43,449 | |||||||
| Governance | costs (note | 5.a.) | 6,000 | 6,000 | |||||
| Costs ofoperation | ofthe school | 2,497,911 | 778,836 | 193,360 | 3,470,107 | ||||
| Total expenditure | 2,497,911 | 822,012 | 193,360 | 3,513283 | |||||
| 6.c.GOVERNANCE | COSTS | 2022 | 2021 | ||||||
| 6 | 8 | ||||||||
| Staff costs | |||||||||
| Auditors' remuneration |
|||||||||
| - for audit | 6,000 | 6,000 | |||||||
| - for other | |||||||||
| 6,000 | 6,000 | ||||||||
| 7. TANGIBLE FIXED ASSETS | |||||||||
| Freehold | Administragon | ||||||||
| ~Pro e | and | Office | |||||||
| ~Eui | ment | ||||||||
| 6 | 6 | ||||||||
| COST | |||||||||
| 1 September | 2021 | 9,481,570 | 7,356,319 | 17,551 | |||||
| Additions | 255,395 | 192,923 | 2,883 | ||||||
| Disposais | |||||||||
| 31 August 2022 | 8,896,171 | 6,717,219 | 19,297 | ||||||
| DEPRECIATION | |||||||||
| 1 September | 2021 | 3,802,968 | 1,999,812 | 17,551 | |||||
| Provided in year |
172,861 | 95,713 | 961 | ||||||
| Disposals | |||||||||
| 31 August 2022 | 3,833,529 | 1,958,776 | 17,375 | ||||||
| NET BOOK VALUE | |||||||||
| 31 August 2022 | 5,062,642 | 4,758,443 | 1,922 | ||||||
| 31 August 2021 | 5,678,602 | 5,356,507 |
| 7. TANGIBLE | FIXEDASSETS (Cont) | Furniture | |||||
|---|---|---|---|---|---|---|---|
| ~Fittin s and | ~Swimm in | ||||||
| Motor | Educational | Estate | Pool | ||||
| Vehirdes | ~Eui ment |
~Eui ment | ~Eui | ment | |||
| COST | |||||||
| 1 September 2021 | 1,410 | 1,962,999 | 88,541 | 54,750 | |||
| Additions | 53,902 | 4,259 | 1,428 | ||||
| Di epos a le | |||||||
| 31 August2022 | 1,410 | 2,011,417 | 90,650 | 56,178 | |||
| DEPRECIATION | |||||||
| 1 September 2021 | 1,410 | 1,663,492 | 70,569 | 50,134 | |||
| Provided | in year | 10%RB | 24,177 | 4,379 | 1,209 | ||
| 25% SL | 28,398 | ||||||
| 33%SL | 18,024 | ||||||
| Disposals | 1 813 | ||||||
| 31 August | 2022 | 1,410 | 1,731,490 | 73,135 | 51,343 | ||
| NET BOOK VALUE | |||||||
| 31 August | 2022 | 279,927 | 17,515 | 4,835 | |||
| 31 August | 2021 | 299,507 | 17,972 | 4,616 |
| Furniture, Fittings and Educational |
Furniture, Fittings and Educational |
Equipment | includes | NBV 627,037 held under finance leases (2021 F 645,061) | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 8. STOCKS | 6 | ||||
| Catering stocks | 1,600 | 1,600 | |||
| Other stocks | 8,584 | 5,636 | |||
| 10,184 | 7,236 | ||||
| 2022 | 2021 | ||||
| 9. DEBTORS | 6 | ||||
| School debtors - net of | reserve | 86,728 | 78,078 | ||
| Other debtors | 1,870 | 2,772 | |||
| Prepayments | 67,608 | 74,304 | |||
| Accrued Income | 6,109 | ||||
| 162,314 | 155,154 | ||||
| 2022 | 2021 | ||||
| 10.CREDITORS: due within one year | 6 | 6 | |||
| Bank loan (note 11) | 41,677 | 114,596 | |||
| Obligations under Finance Leases |
18,024 | 18,024 | |||
| Trade creditors | 91,481 | 49,742 | |||
| Fees and deposits received In |
advance | 491,577 | 339,750 | ||
| Other taxes and srxsal | security | 42,101 | 39,079 | ||
| Accruals and deferred |
income | 55,526 | 161,904 | ||
| 740,386 | 723,095 |
| CASTLE COURT SCHOOL EDUCATIONAL | TRLIST LIMITED | |||||
|---|---|---|---|---|---|---|
| (Limited by Guarantee) |
||||||
| NOTES TO THE FINANCIAL STATEMENTS | ||||||
| FOR THE YEAR ENDED 31 AUGUST 2022 | (continued) | |||||
| 2022 | 2021 | |||||
| 11.CREDITORS due after more than one year |
F | |||||
| Bankloan | 878,930 | 1,736,738 | ||||
| Obligations under Finance Leases |
9,011 | 27,036 | ||||
| Fees and deposits received in advance |
||||||
| —amount due within five years |
190,878 | 165,737 | ||||
| 1,078,819 | 1,929,511 | |||||
| The bank loan is secured by legal charges over the school's freehold |
property. | |||||
| Finance | Finance | |||||
| Bank Loans | leases | Bank Loans | Leases | |||
| This loan is repayable as follows |
2022 | 2022f | 2021 6 |
2021 6 |
||
| Within one year | 41,677 | 18,024 | 114,596 | 18,024 | ||
| Between one and two years | 42,005 | 9,011 | 114,783 | 18,024 | ||
| Between two and five years | 128,095 | 346,357 | 9,012 | |||
| In more than five years | 708,830 | 1,275,598 | ||||
| 920,607 | 27,035 | 1,851,334 | 45 060 | |||
| 12. DEFERRED INCOME | 2022f | 2021 6 |
||||
| Brought forward al 1 September 2021 |
389,322 | 392,909 | ||||
| Released in the year |
(348,988) | (313,810) | ||||
| Deferred in the year |
520,219 | 310,223 | ||||
| Carried forward at 31 August 2022 |
560,553 | 389,322 |
| 14. REST | RIC | TED FUNDS | Movements | |||
| Balance at | Incoming | Outgoing | Balance at | |||
| 1 Sept 2021 | Resources | Resources | 31 Aug 2022 | |||
| 6 | 6 | 6 | ||||
| Stredvsck | Will | Trust Fund | 34,400 | (1,200) | 33,200 | |
| Scott Trust | Fund | 8,000 | 8,000 | |||
| Development | Fund | 25,000 | 25,000 | |||
| Pavilion Fund |
16,250 | 16250 | ||||
| 67,400 | 82,450 |
| 1 August | 202 | 2 the Sch | ool had future minimum lease payments |
under non-cancellable operatin |
g leas |
es as follows | ||
|---|---|---|---|---|---|---|---|---|
| ErIEui | ment | Motor Vehicles | ||||||
| 2022 | 2021 | 2022 | 2021 | |||||
| f | f | 6 | ||||||
| Amounts | due | usthin one year | 16,209 | 16,209 | 60,048 | 60,048 | ||
| Amounts | due | between | two and five years | 14,834 | 31,044 | 77,508 | 137,556 | |
| Amounts | due | after more than five years | ||||||
| 31,043 | 47,253 | 137,556 | 197,604 |
| 18. Statement o |
f Financial Activites |
Y | ear Ended 31 August 2021 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| Fundsf | Funds 6 |
2021 6 |
||||
| INCOME FROM: | ||||||
| Donations and legacies |
76,974 | 25,000 | 101,974 | |||
| Charitable activities - Operation |
of | the school | ||||
| School Fees | 3,255,399 | 3,255,399 | ||||
| Extra Support | Fees | 35,833 | 35,833 | |||
| Other trading | activities | |||||
| School Shop | commission | 4,367 | 4,367 | |||
| L ettings | 31,949 | 31,949 | ||||
| Investments | 43 | 43 | ||||
| Pro5I on sale | offixed assets | 381 | 381 | |||
| Other | 21,704 | 21,704 | ||||
| Total Income | 3,426,650 | 25,000 | 3,451,650 | |||
| EXPENDITURE ON: | ||||||
| Raising funds | 43,176 | 43,176 | ||||
| Charitable activities |
||||||
| Costs ofoperation | of school | 3,454,997 | 15,491 | 3,470,488 | ||
| Total Expenditure | 3,498,173 | 15,491 | 3,513,664 | |||
| Net Income/(Expenditure) | (71,523) | 9,509 | (62,014) | |||
| Reconcihation of Funds: |
||||||
| Total funds at 1 September 2020 | 3,651,970 | 57,891 | 3,709,861 | |||
| Total funds at 31 | August 2021 | 3,580,447 | 67,400 | 3,647,847 |