2022-08-31-accounts - Cransley School Limited

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Report ofthe Trustees			I	to	6
Report ofthe Independent Auditors			7	to	9
Statement ofFinancial	Activities			10
Statement ofFinancial	Position
Statement ofCash Flows				12
Notes to the Statement	of(.'ash	I'iowa		13
Notes to the Financial	Statement:		1st	to	24
Detailed Statement ol'Finatxial		Activities	25	to	26

					2022	2021
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes	f.
INCOME AND ENDOWMENTS FROM
Fees received		2	2,825,854		2,825,854	2,411,090
Other income			66,271	88,711	154,982	98,041
Government grants received						13,177
Total			2,892,125	88,711	2,980,836	2,522,308
EXPENDITURE ON
Direct charitable expenditure			1,660,591		1,660,591	1,375,328
Charitable activities
Educational Activities			494,949	74,579	569,528	416,325
Support Cost			418,795	376	419,171	286,967
Total			2,5'/4 335	'/4 955	2 649290	2 078620
NET INCOME			317,790	13,756	331,546	443,688
RECONCILIATION	OF FUNDS
Total funds brought forward			835,316	136,400	971,716	528,028
TOTAL FUNDS CARRIED FORWARD			1,153,106	150,156	1,303,262	971,716

				2022	2021
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	12	1,027,976	108,449	1,136,425	892,112
CURRENT ASSETS
Stocks	13	11,674		11,674	6,712
Debtors	14	691,947		691,947	584,872
Cash at bank and in hand		1,290,514	41,787	1,332,301	890,964
		1,994,135	41,787	2,035,922	1,482,548
CRFDITORS
Amounts falling due within one year	15	(1,388396)	(80)	(1,388,476)	(1,131,568)
NET CURRENT ASSETS		605,739	41,707	647,446	350,980
TOTAL ASSETSLESSCIIRRENT
LIABILITIES		1,633,715	150,156	1,783,871	1,243,092
CREDITORS
Amounts falling due after more than one year	16	(480,609)		(480,609)	(271,376)
NETASSETS		1,153,106	150,156	1003,262	971,716
FUNDS	20
Unrestricted funds				1,153,106	835,316
Restricted funds				150,156	136,400
TOTAL FUNDS				1,303462	971,716

			Statement ofCash Flows	Statement ofCash Flows
			for the Year Ended 31 Au	ust	2022
			Notes		2022	2021f
Cash flows from operating		activities
Cash generated from operations					610,877	628,739
Interest element offinance	lease payments
paid					(207)	(622)
Net cash provided by operating activities					610,670	628,117
Cash flows from investing		activities
Purchase oftangible fixed	assets				(350,603)	(143,395)
Sale oftangible fixed assets					1,000
Interest received					296
Net cash used in investing	activities				(349,307)	(143,390)
Cash flows from financing		activities
Ncw loans in year					477,077
I,oan repayments in year					(290.3581	(56, 1'/9)
Capital repayments in year					(1,745)	(5,237)
Net cash provided by/(used		in) financing	activities		179,974	(61,416)
Change in cash and cash	equivalents		in
the reporting period					441,337	423,311
Cash and cash equivalents		at the
beginning ofthe reporting		period			890,964	467,653
Cash and cash equivalents		at the end	of
the reporting period					1,332,301	890,964

		for the Year Ended 31 Au ust 202	for the Year Ended 31 Au ust 202	for the Year Ended 31 Au ust 202	for the Year Ended 31 Au ust 202	2	2	2
RECONCILIATION		OF NET INCOME TO NET CASH FLOW				FROM OPERATING ACTIVITIES
							2022	2021
							f
Net income for the	reporting			period (as per the Statement ofFinancial
Activities)							331,546	443,688
Adjustments for:
Depreciation charges							103,626	86,187
Loss on disposal of	fixed		assets				1,665	57
Interest received							(296)	(5)
Interest element ofhire		purchase			and finance lease rental payments		207	622
Increase in stocks							(4,962)	(357)
Increase in debtors							(107,075)	(9,585)
Increase in creditors							286,166	108,132
Net cash provided	by	operations					610,877	628,739
ANALYSIS OF CHANGES IN					NET FUNDS
					At	1 921	( ash flow	At 31.8.22
Net cash
Cash at bank and in	hand				890,964		441,337	1,332,301
					890,964		441,337	1,332,301
Debt
Finance leases						(1,745)	1,745
Debts falling due within			I year			(54,323)	11,857	(42,466)
Debts falling due after		1	year		(271,276)		(193,577)	(464,853)
					(327,344)		(179,975)	(507,319)
Total						563,620	261,362	824,982

Improvements	to property	at varying rates on cost
Short leasehold		at varying rates on cost
Construction	in progress	not provided
Gymnasium		4% on cost
Pavilion		5%on cost
Fixtures and	fittings	10%on cost
School equipment		25%on cost

			2022	2021
			8
Fccs			2,491,092	2,183.796
Extra subject	fees		58,40/	61,736
Catering			93,216
Multi-sensory	support		77,123	98,737
Transport			106,016	66,821
			2,825,854	2,411,090
OTHER INCOME
			2022	2021
Donations received			92,480	40,830
Deposit account interest			296	5
Sundry receipts			62,206	57,206
			154,982	98,041
GOVERNMENT		GRANTS RECEIVED
			2022	2021
			f.
Job Retention	Scheme			13,177

	DIRECT CHARITABLE EXPENDITURE	DIRECT CHARITABLE EXPENDITURE	DIRECT CHARITABLE EXPENDITURE
	Raising donations and legacies
						2022	2021
	Staffcosts					1,475,824	1,215,436
	Departmental	resources				96,178	69,244
	Examination	costs				13,842	5,816
	Music tuition	sub contract				9,802	9,606
	Information	technology				27,999	26,611
	Trip expenses					36,739	47,993
	Interest payable		and similar charges			207	622
						1,660,591	1,375,328
6.	CHARITABLE		ACTIVITIES COSTS
						Support
					Direct	costs (see
					Costs	note 7)	Totals
						8
	1;ducatlonal	Activities			443,622	125,906	569,528
	Support Cost				60,471	358,700	419,17]
					504,093	484,606	988,699
7.	SUPPORT	COSTS
						Governance
				Management	Other	costs	Totals
	Educational	Activities		125,906			125,906
	Support Cost			329,366	17,814	11,520	358,700
				455,272	17,814	11,520	484,606

		2022	2021
Auditors' remuneration		7,056	6,719
Auditors' remuneration for non audit	work	4,464	4,320
Depreciation - owned assets		103,625	85,139
Depreciation - assets on hire purchase	contracts and finance leases		1,048
Other operating leases		111,197	105,107
Deficit on disposal offixed assets		1,665	57

STAFF COSTS
			2022	2021
Salaries			1,519,878	1,242,973
Social security costs			138,651	101,433
Pensions			28,014	23,384
			1,686,543	1,367,790
The average monthlv	number ol'emplovees	during the year was as follows:
			2022	2021
Teaching staff			44	40
Non teaching staff			19	18
			63	58

In the current year there was one employee who had employee benefits in exce f70,000(2021:I).	In the current year there was one employee who had employee benefits in exce f70,000(2021:I).	ss of f60,000	but less tha
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
	Unrestricted	Restricted	Total
	fund	fund	funds
			8
INCOME AND ENDOWMENTS	FROM
Fees received	2,411,090		2,411,090
Other income	58,999	39,042	98,041
Ciovernment grants received	13,177		13,177
Total	2,483,266	39,042	2,522,308
EXPENDITURE ON
Direct charitable expenditure	1,375,328		1,375,328
Charitable activities
Educational Activities	382,500	33,825	416,325
Support Cost	286,967		286,967
Total	2,044,795	33,825	2,078,620
NET INCOME	438,471	5,217	443,688

11.	COMPARATIVES	FORTHE STATEMENT	FORTHE STATEMENT	OF FINANCIAL	ACTIVITIES	- continued
					Unrestricted	Restricted	Total
					fund	fund	funds
	RECONCILIATION		OF FUNDS
	Total funds brought	forward			396,844	131,184	528,028
	TOTAL FUNDS CARRIED FORWARD				835,315	136,401	971,716
12.	TANGIBLE FIXEDASSETS
				Improvements		Construction
				to	Short	in
				property	leasehold	progress	Gymnasium
	COST
	At 1 September 2021			617,029	161,710	14,835	77,088
	Additions			216,764
	DNposals
	Reclassification					(2,305)
	At 31 August 2022			833,793	161,710	12,530	77,088
	DEPRECIATION
	At I September 2021			189,361	161,486		77,088
	Charge 1'or year			30,985	75
	Eliminated on disposal
	At 31 August 2022			220,346	161,561		77,088
	NET BOOK VALUE
	At 31 August 2022			613,447	149	12,530
	At 31 August 2021			427,668	224	14,835

		Fixtures
		and	School
	Pavilion	fittings	equipment	Totals
				f.
COST
At 1 September 2021	83,179	509,802	285,445	1,749,088
Additions		80,295	53,544	350,603
Disposals		(3,676)	(7,528)	(11,204)
Re classification		2,305
At 31 August 2022	83,179	588,726	331,461	2,088,487
DEPRECIATION
At 1 September 2021	12,932	188,160	227,949	856,976
Charge for year	4,159	45,054	23,352	103,625
Eliminated on disposal		(1,011)	(7,528)	(8,539)
At 31 August 2022	17,091	232,203	243,773	952,062
NFT BOOK VAI,IJE
At 31 August 2022		356,523	87,688	1,136,425
At 31 August 2021	70,247	321,642	57,496	892,112

		Fixtures
		and
		fittings
COST
At	I September 2021	10,472
Transfer to ownership		(10,472)
At	31 August 2022
DEPRECIATION
At	1 September 2021	1,833
Transfer to ownership		(1,833)
At	31 August 2022
NET BOOK VALUE
At	31 August 2022
At	31 August 2021	8,639

13.	STOCKS
				2022	2021
				f.	f
	Stocks			11,674	6,712
14.	DEBTORS:AMOUNTS		FALLING DUK WITHIN ONK YEAR
				2022	2021
	Fees outstanding			650,360	544,542
	Bad debts provision			(15,980)	(7,920)
	Other debtors			11,485	12,632
	Prepayments and accrued		income	46,082	35,618
				691,947	584,872
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2022	2021
	Bank loanr, and overdratts		(see note 17)	47,466	o,gs6
	Other loans (see note	1'/)			44,467
	Finance leases (see note 18)				1,745
	Trade and other creditors			116,564	91,270
	Social security and other taxes			33,610	25,675
	Fees paid in advance			24,906	9,281
	Deposits in advance			700	1,200
	Other creditors			9,207	9,651
	Accruals and deferred	income		1,]01,481	884,008
	Accrued expenses			59,542	54,415
				1,388,476	1,131,568
16.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2022	2021
	Bank loans (see note	17)		464,853	40,315
	Other loans (see note	17)			230,96]
	Fees paid in advance			15,756
	Deposits in advance				100
				480,609	271,376

An analysis	ofthe maturity		ofloans is given below:
				2022	2021
Amounts falling due within			one year on demand:
Bank loans				42,466	9,856
Other loans					44,467
				42,466	54,323
Amounts falling between		one and two years:
Bank loans	- 1-2 years			46,053	10,034
Other loans	—1-2years				44,467
				46,053	54,501
Amounts falling due between two and five years:
Bank loans	- 2-5 years			148,053	30,281
Other loans	- 7-5 vcars				133,401
				148,053	163,682
Atnounts falling due in more than five years:
Repayable	by instalments:
Bank loans	more 5 yr by	instal		270,747
Other loans	more 5yrs instal				53,093
				270,747	53,093

		Finance lenses	Finance lenses
		2022	2021
		f,
Net obligations	repayable:
Within one year			1,745
		Non-cancellable	operating
		leases
		2022	2021
		f
Within one year		33,525	33,617
Between one and five years		20,346	53,870
		53,871	87,487

2022	2021
467,003

MOVEMENT IN FUNDS
				Net
				movement	At
			At 1.9.21	in funds	31.8.22
Unrestricted funds
General fund			835,316	317,790	1,153,106
Restricted funds
Fouiulatiou I'uud			136,400	13,756	150,156
TOTAL FUNDS			971,716	331,546	1,303,262
Nct movcmcnt in funds, included		in thc above are as follows:
			Incoming	Resources	Movement
			resources f	expended f	in funds
Unrestricted funds
General fund			2,892,125	(2,574,335)	317,790
Restricted funds
Foundation fund			88,711	(74,955)	13,756
TOTAL FUNDS			2,980,836	(2,649,290)	331,546
Comparatives for movement	in	funds
				Net
				movement	At
			At 1.9.20	in funds	31.8.21
Unrestricted funds
General fund			396,844	438,472	835,316
Restricted funds
Foundation fund			13],184	5,216	136,400
TOTAL FUNDS			528,028	443,688	971,716

					Incoming	Resources	Movement
					resources	expended	in funds
						f.
Unrestricted		funds
General fund					2,483,266	(2,044,794)	438,472
Restricted	funds
Foundation	fund				39,042	(33,826)	5,216
TOTAL FUNDS					2,522,308	(2,078,620)	443,688
A current year		12months	and prior year 12months	combined	position is as follows:
						Net
						movcmcnt	At
					At 1.9i20	in funds	31.8.22
Unrestricted		funds
General fund					396,844	756,262	1,153,106
Restricted	funds
Foundation	fund				131,184	18,972	150,156
TOTAL FUNDS					528,028	775,234	1,303,262

	Incoming	Resources	Movement
	resources	expended	in funds
	f.
Unrestricted funds
General fund	5,375,391	(4,619,129)	756,262
Restricted funds
Foundation fund	127,753	(108,781)	18,972
TOTAL FUNDS	5,503,144	(4,727,910)	775,234

2022	2021
127,668

				Cransle School Limited	Cransle School Limited
				Detailed Statement ofFinancial Activities
				for the Year Ended 31 Au ust 2022
						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
INCOME AND		ENDOWMENTS
Fees received
Fees				2,491,092		2,491,092	2,183,796
Extra subject	fees			58,407		58,407	61,736
Catering				93,216		93,216
Multi-sensory	support			77,123		77,123	98,737
Transport				106,016		106,016	66,821
				2,825,854		2,825,854	2,411,090
Other income
Donations received				3,796	88,684	92,480	40,830
Deposit account		interest		269	27	296	5
Sundry receipts				62,206		62,206	57,206
				66,271	88,711	154,982	98,041
Government	grants		received
Job Retention	Scheme						13,177
Total incoming		resources		2,892,125	88,711	2,980,836	2,522,308
EXPENDITURE
Raising donations			and legacies
Support staff	costs			255,463		255,463	178,173
Academic stafi'salaries				1,220,361		1,220,361	1,037,263
Departmental	resources			96,178		96,178	69,244
Examination	costs			13,842		13,842	5,816
Music tuition	sub contract			9,802		9,802	9,606
Information technology				27,999		27,999	26,6]I
Trip expenses				36,739		36,739	47,993
Leasing				207		207	622
				1,660,591		1,660,591	1,375,328
Charitable activities
Rent				78,480		78,480	71,980
Rates and water				13,762		13,762	13,609
Insurance				59,517		59,517	55385
Light and heat				45,742		45,742	29,580
Cleaning				58,988		58,988	34,632
Pensions				28,014		28,014	23,384
Catering				36,357		36,357	2,162
Sundry transport				77,382		77,382	58,552
Covid related	costs			560		560	4,188
Carried forward				398,802		398,802	293,372

			Detailed Statement ofFinancial Activities	Detailed Statement ofFinancial Activities	Detailed Statement ofFinancial Activities
			for the Year Ended 31 Au ust 2022
							2022	2021
				Unrestricted	Restricted		Total	Total
				funds	funds		funds	funds
					f.		f.	f.
Charitable activities
Brought forward				398,802			398,802	293,372
Depreciation ofimprovements		to property		29,611	1,375		30,986	26,218
Depreciation ofshort leasehold				75			75	1,665
Depreciation offixtures	and fittings			43,022	2,032		45,054	37,010
Depreciation ofpavilion				258	3,901		4,159	4,159
Depreciation ofschool	equipment			17,825	5,527		23,352	17,135
Loss on sale oftangible	fixed assets			1,665			1,665	57
				491,258	12,835		504,093	379,616
Support costs
Management
Management and clerical salaries				151,676			151,676	119,528
Other operating leases				32,717			32,717	33,127
Postage and telephone				9,710			9,710	7,438
Printing and stationery				31,058			31,058	19,862
Sundrv expenses				43,642	61,744		105,386	47,133
Legal and professional	fees			21,498			21,498	22,468
Bad debts				(2,50 /)			(2,507)	(1,0'/6)
Bank charges				16,088			16,088	2,573
Repairs and renewals				73,512		376	73,888	45,058
Health and safety				15,758			15,758
				393,152	62,	120	455,272	296,111
Other
Marketing and public	relations			17,814			17,8]4	16,526
Governance costs
Auditors' remuneration				7,056			7,056	6,719
Auditors' remuneration	for non audit		work	4,464			4,464	4,320
				11,520			11,520	11,039
Total resources expended				2,574,335	74,955		2,649,290	2,078,620
Net income				317,790	13,756		331,546	443,688