2023-08-31-accounts - Castle Court School Educational Trust Limited

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Company Information
Governors' Report
Auditor's Report
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Financial Statements

Clerk to the	Governors/Company	Mr N P Norris
Registered	Office:	Knoll House Knoll Lane, Corfe Mullen
		Wimborne, Dorset BH21 3RF
Website		www. castlecouit. corn
Auditors:		Fletcher 8.Partners
		Chartered Accountants
		Crown Chambers
		Bridge Street
		Salisbury SP1 2LZ
Bankers.		HSBC Bank pic
		17Market Place
		Blandford Forum
		Dorset DT11 7AG
Head:		Mr L Gollings (Resigned 30/04/2023) Mrs KJohnson (Acting Head) (Appointed	01/01/2023)
Bursar		Mr N P Norris

					2023f
INCOME FROM:
Grants and Donations			2,235		2,235	32,148
Charitable activities - Operation		ofthe school
School Fees			3,493,143		3,493,143	3,149,035
Extra Support Fees			41,937		41,937	29,666
Other trading activities
School Shop commission			1,237		1,237	4,428
Lettings						3,316
Investments			3,620		3,620
Profit on sale of fixed assets			374,421		374,421	731,140
Other			151,945		151,945	29,661
Total Income			4,068538
EXPENDITURE ON:
Raising funds			43,407		43,407	43,339
Charitable activities
Costs ofoperation	ofschool		3,570,004	1,200	3,571,204	3,330,615
Total Expenditure
Net Income/(Expenditure)			455,127	(1,200)	453,927	605,518
Reconahation of Funds
Total funds at 1 September 2022			4,170,915	82,450	4,253,365	3,647,847
Total funds at 31 August 2023				81,250	4,707,292	4,253,365
The notes on pages 16to 23 form part ofthese accounts.

COMPANY NUMBER	1134697
		Note	5	2023.	f	2022 5
TANGIBLE FIXEDASSETS				4,919,115		5,062,642
CURRENT ASSETS
Stocks			11,540		10,184
Debtors			148,927		162,314
Cash at bank and	In hand		1,046,200		837,430
			1,204,667		1,009,928
CREDITORS: Amounts	falling due within one year	10	738,316		740 386
NET CURRENT ASSETS / (LIABILITIES)				466,351		269,542
TOTAL ASSETS LESSCURRENT LIABILITIES				5,385,466		5,332,184
CREDITORS. Amounts	falhng due after more than one year			(678,174)		(1,078,819)
TOTAL NET ASSETS				4,707,292		4,253,365
Unrestricted Fund
General Fund		13		4,626,042		4,170,915
Restricted Fund		14		81,250		82,450
TOTAL FUNDS				4,707,292		4,253,355
The notes on pages 16to 23 form part ofthese accounts
Signed on behalf ofthe Board ofGovernors
				MrlJohn on
Dateapproved bythe	Governors.			rPI's(suf

CASTLE COURT SCHOOL EDUCA (Limited by Guarantee) CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGU	TIONAL TRU ST 2023	ST LIMITED
				2()233f	8	2()22 f
CASH FLOWS FROM OPERATING Net cash provided by (used in)	ACTIVITIES. operating activities			261,682		194,829
CASH FLOWS FROM INVESTING	ACTIVITIES;
Interest from investments			3,620		58
Purchase ofproperty, plant and equipment Proceeds from the sale of property, plant and		equipment	(285,051) 7		(255,395)
Net cash provided by (used In) Invesdng activities				353,748		1,174,297
CASH FLOWS FROM FINANCING	ACTIVITIES
Repayment ofbank loans			(354,652)		(930,727)
Finance lease Repayment offinance leases Interest paid			(18,024)		(18,024) ~N
Net cash provided by (used in) flnancing activities CHANGE IN CASH AND CASH EQUIVALENTS		IN THE REPORTING PERIOD		406 658 »0		991 15
CASH AND CASH EQUIVALENTS	AT THE BEGINNING OF THE REPORTING		PERIOD	837,430
CASH AND CASH EQUIVALENTS	AT THE END	OF THE REPORTING PERIOD
NOTES TO THE CASH FLOW STATEMENT
a. Reconciliation of net income/(expenditure) with net cash flow from operating			activities	2022		2022f
Net income/(expenditure) for the reporting period (as per the				453,927		605,518
statement offinancial activities)
Adjustments for: Depredation charges Interest from investments				167,822 (3,620)		172,860 (58)
Interest paid (Profit)/loss on disposal offixed (Increase)/decrease in stocks (Increase)/decrease in debtors Increase/(decrease) In creditors	assets			33,982 (374,421) (1,356) 15,387 (30,039)		42,406 (731,140) (2,948) (7,160) 115,351
Net cash provided by (used in)	operating activities					194,829
The notes on pages 16to 23 form	part ofthese accounts.

the expected useful lives	ofthe a	ssets concerned. The a	nnual rates used	for this pu	rpose ara as follow;
Land and buildings existing	at 31	August 1992	NII
Improvements to freehold	property	since 1992	- 10'/o	straight	line (to 31 August 1999)
			- 2'/o	straight	line (from 1 September 1999)
Administration office equipment			-33'Yo	straight	line (SL)
Educational equipment			- 25'/o	straight	line (SL)
Specific items			-33'/o	straight	line (SL)
Motor vehicles			- 25'/o	reducing	balance (RB)
Furniture and fittings			- 10'Yo	reducing	balance (RB)
Estate equipment			20o/o	reducing	balance (RB)
Swimming pool equipment			- 20'/o	reducing	balance (RB)

4.	EXPENDITURE
	Direct charitable	expenditure		includes:
	Depreciation						167,822	172,861
	Auditors' remuneration
		- for	audit				6,000	6,000
		- for	other	services
							2003	2022
5	STAFF COSTS						E	E
	Wages snd salaries						2,084,590	1,857,137
	Redundancy and	termination		settlements			56,517
	Social security costs						175,605	159,754
	Pension contributions						306,605	284,824
	Other staff costs						14,903	8,184
							8»
The average number		ofemployees			In the year	was:	No.	No.
	Teaching Fuli time						29	29
	Teaching Part time						29	20
	Welfare						17	21
	Premises						6	6
	Administration						18	18
Total							99
								2022
The number ofemployees			whose	emoluments		exceeded F60,000were:	No.	No.
F60,000 - E70,000							1
E70,000 - F80,000
F90,000 - F.100,000
includes termination		payment
								E
Remuneration to Governors								5il
Expenses reimbursed		to Governors						F494

6.a. ANALYSIS	O	F EXPEN	DITURE 2023
				costs	Other		2023
				E	E		E
Raising Funds
Marketing &	publimty				43,407		43,407	43,339
					43,407			»39
Charitable activity - operation			ofthe school
Teaching costs				1,911,333	157,070	66,279	2,134,682	1,909,686
Welfare				217,090	121,049	6,481	344,620	334,303
Premises				114,770	265,995	94,101	474,866	507,548
Charitable support		costs:
Administration		ofthe School		395,028	181,065	961	577,054	530,672
Interest payable					33,982		33,982	42,406
Governance	costs (note		6c.)		6,000		6,000	6,000
Costs ofoperation		ofthe school		2,638,221	765,161	167,822	3,571,204	3,330,615
Total expenditure				2638221	808 568			88

6 I&. ANALYSIS O	F EXPEN	DITURE 2022
			Sttt((				Igttt(
			998(s	Qfttgt 8	~De	f	~0
Raising Funds
Marketing & publicity				43,339			43,339
				43339			43,339
Charitable activity-	operation	ofthe school
Teaching costs			1,637,178	201,910		70,598	1,909,686
Welfare			211,664	117,051		5,588	334,303
Premises			98,634	313,201		95,713	507,548
Charitable support	costs.
Administrabon	ofthe School		362,422	167,289			530,672
Interest payable				42,406			42,406
Governance costs (note		5.a.)		6,000			6,000
Costs of operation	ofthe school		2,309,898	847,857		172,860	3,330,615
Total expenditure			2,309898	891,196		172,860	3373954
6.c.GOVERNANCE	COSTS
Staff costs
Auditors' remuneration
- for audit —for other						6,000	6,000
7. TANGIBLE FIXEDASSETS
						EZ8)lqld	f)diglot ttai(90
					~Pr gtttty and
				TOTAL	~lm	vd806gts
				8		8
COST
1 September 2022 Additions Disposals 31August2023				8,896,170 265,051 ~3 8,886,914	6,717,219 219,653 ~6B 6,670605		19,296 19296
DEPRECIATION
1 September 2022 Provided in year Disposals				3,833,526 167,822 ~3	1,958,776 94,101		17,374 961
31 August 2023				3,967,799	2 026 827		18335
NET BOOK VALUE
31August2023				4,919,115	4,643,777		961
31 August 2022				5,062,644	4,758443		1 922

7. TANGIBLE	FIXEDASSETS (Cont)
				~Fumi
				Fttlpin s and
		Motor )trehlclesf		duce i E u n		~En
COST
1 September 2022		1,410		2,011,417	90,650	58,178
Additions				34,803	1,558	9,037
Disposals
31 August	2023					7
DEPRECIATION
1 September 2022		1,410		1,731,489	73,134	51,343
Provided	in year		10%RB	22,944	3,815	2,668
			25%SL	25,310
			33%SL	18,024
Disposals						7500
31 August2023				1 797767
NET BOOK VALUE
31 August	2023			248,453	15,259	3,166
31 August	2022				17,516	4,635

			2023.	~2
8.	STOCKS		2
	Catering stocks		2,200	1,60D
	Other stocks		9,340	8,584
			2~2	2022
9	DEBTORS		6	F
	School debtors - net ofreserve		79,996	86,728
	Other debtors		1,660	1,87D
	Prepayments		59,631	67,608
	Accrued Income		6	6,109
			146,927	162,314
10.	CREDITORS: due	within one year	2(L23	2()22
	Bank loan (note 11)		25,348	41,677
	Obligations under	Finance Leases	9,011	18,024
	Trade creditors		59,410	91,481
	Fees and deposits	receNed in advance	522,402	491,577
	Other taxes and social security		41,615	42,101
	Accruais and deferred income		80,530	55,526

(Limited by Guarantee)	(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023 (continued)
							2023			gQDg
11.CREDITORS: due after more than one year							2			F
	Bank loan						540,607			878,930
	Obligations under Finance	Leases								9,011
	Fees and deposits received	in advance
	—amount due within five years						137,567			190,878
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:						2023		~22	2II2'g
						6	f.		6
	Within one year					25,348	9,011		41,677	18,024
	Between	one and two years				25,676			42,005	9,011
	Between	two and five years				79,652			128,095
	In more than five years					435,279			708,830
						565955	9,011		920607	27 035
							2023			RURR
12.	DEFERRED INCOME						6			E
	Brought forward at 1 September 2022						560,553			389,322
	Released in the year						(478,234)			(348,988)
	Deferred in the year						449,991			520,219
	Gamed forward at 31 August 2023						532,310
Deferred income represents pupil fees received			in advance	for future		years
13.	UNRESTRICTED FUND
The	General Fund is held to financ the School		Land and Buildings		and other fixed assets, and to		cover normal fluctuations		in working	capital.
14	RESTRICTED FUNDS						Movements
						Balance at	Incoming		Outgoing	Balance at
Year ended 31stAugust 2023						1 Sept 2022 f	Resources 5	Resources F		31 Aug 2023f
	Stredvnck Will Trust Fund					33,200			(1,200)	32,000
	Scott Trust Fund					8,000				8,000
	Development Fund Pavilion Fund					25,000 16,250 82,450		~00		25,000 16250 8 M
							Movements
						Balance at	Incoming		Outgoing	Balance at
Year ended 31stAugust 2022						1 Sept 2021 5	Resources f	Resources		31 Aug 2022
	Stredwick 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
						67,400	0

1 August	202	3 the	School had future minimum lease payments	under non-cancellable operating lea	ses as follows:
				~e		h)9tgr VVkttlgttta
					~2		2033
				F.	6	F	F
Amounts	due	within	one year	13,670	16,209	56,772	60,048
Amounts Amounts	due due	between two and five years after more than five years		1,184	14,834 20,736 31», 3		77,508 3

18. Statement o	fFinancial Activltes	Yea	r Ended 31 August 2022
				~Un		Intel
						2002
INCOME FROM:
Donations and legacies				15,898	16,250	32,148
Charitable activities - Operation		ofthe school
	School Fees			3,149,035		3,149,035
	Extra Support	Fees		29,666		29,666
Other trading	activities
	School Shop	commission		4,428		4,428
	Lettlngs			3,316		3,316
Investments				58		58
Profit on sale	offixed assets			731,140		731,140
Other				29,681		29,681
Total Income				3,963,222	16,250	3979,472
EXPENDITURE ON. '
Raising funds				43,339		43,339
Charitable achvibes
	Costs ofoperation		of school	3,329,415	1,200	3,330,615
Total Expenditure					1,200	3,373,954
Net Income/(Expenditure)				590,488	15,050	605,518
Reconciliation of	Funds:
Total funds at 1 September 2021				3,580,447	67,400	3,647,847
Total funds at 31	August 2022					3.»