|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|Secretary:|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||
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||||||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.||||||
##
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##
|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)|
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|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.»|