||~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|
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|||||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|