2022-08-31-accounts - The Ryleys School Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Report ofthe Trustees		1-6
Report ofthe Independent Auditors		7-9
Statement ofFinancial Activities		10
Balance Sheet
Statement ofCash Flows		12
Notes to the Financial Statements		13-23
Detailed Income and Expenditure	Accounts	24-25

The R le s School	The R le s School	Limited	Re is	tered Number: 008	95208
StatementofFinancialActivities		Incor	oratin	anIncomeandEx	enditureAccount
	for the	ear ended 31"Au ust 2022
					2022	2021
					Unrestricted	Unrestricted
					funds	funds
		Notes
INCOME FROM:
Donations					102,342	64,895
Charitable activities
School fees receivable					2,253,812	2,126,779
Other ancillary income					118,795	98,437
Investments
Investment income					7,245	11,879
Total income					2,482,194	2,301,990
EXPENDITURE ON:
Raising funds					24,675	21,481
Charitable activities					2,313,499	2,093,599
					2,338,174	2,115,080
SURPLUS BEFOREDEPRECIATION
AND OTHER GAINS					144,020	186,910
Depreciation					(163,678)	(106,284)
NET INCOME/(EXPENDITURE)					(19,658)	80,626
Gain on the revaluation	offixed assets					1,154,293
NET MOVEMENT IN FUNDS					(19,658)	1,234,919
RECONCILIATION	OF FUNDS
Funds brought forward					1,877,848	642,929
FUNDS CARRIED FORWARD		16			1,858,190	1,877,848

The R le s School	Lim	ited Re	istered Number	: 00895208
		Balance	Sheet
	At	31"Au	ust 2022
				2022	2021
				Unrestricted	Unrestricted
				funds	funds
	Notes
FIXEDASSETS
Tangible assets	10			2,197,781	2,308,434
CURRENT ASSETS
Stock				4,432	1,072
Debtors				125,051	104,830
Cash at bank and in hand				632,873	515,077
				762,356	620,979
CREDITORS
Amounts falling due within one year	12			(744,939)	(683,510)
NET CURRENT ASSETS/ (LIABILITIES)				17,417	(62,531)
TOTAL ASSETSLESSCURRENT
LIABILITIES				2,215,198	2,245,903
CREDITORS
Amounts falling due after more than one year	13			(356,996)	(368,043)
NET ASSETS				1,858,202	1,877,860
UNRESTRICTED FUNDS
Called up share capital	15			12	12
General	16			210,541	135,565
Revaluation	16			1,647,649	1,742,283
TOTAL FUNDS				1,858,202	1,877,860

		The	R le s	Sch	ool Limited Re istered Nu	ool Limited Re istered Nu	ool Limited Re istered Nu	mber:	00895208
					Statement ofCash Flows
				for	the	ear ended 31"Au	ust	2022
									2022		2021
						Notes
Cash generated by	operating activities					21			207,816		169,881
Cash flows from investing		activities
Purchases oftangible	fixed	assets					(53,025)			(29,014)
Interest receivable								260		40
Net cash from investing activities									(52,765)		(28,974)
Cash flows from financing		activities
Loan repayments in	year						(37,255)			(35,194)
Net cash from financing activities									(37,255)		(35,194)
Increase/(decrease)	in cash and		cash
equivalents in the year									117,796		105,713
Cash and cash equivalents		at the beginning
ofthe year									515,077		409,364
Total cash and cash	equivalents		at the	end
ofthe year									632,873		515,077

STAFF COSTS
				2022	2021
Wages and salaries				1,343,163	1,249,647
Social Security costs				121,090	103,401
Pension costs				167,204	152,221
				1,631,457	1,505,269
The total average monthly	number ofemployees		during the year was as follows:
				2022	2021
Direct charitable work				50	46
Administrative				8	8
				58	54
The number ofemployees	whose emoluments	exceed f60,000:
				2022	2021
f60,001to $70,000				1	1

. CREDITORS:	AMOUNTS FALLING DUE WITHIN O	NE YEAR
		2022	2021
Bank loan (note	14)	26,832	24,89]
Trade creditors		78,627	41,724
Taxation and Social Security			26,498
Other creditors		4,008	3,673
Accruals and deferred income		20,467	66,057
Fees received in	advance	603,505	508,167
Refundable deposits (note 13a)		11,500	12,500
		744,939	683,510
Fees received in	advance
Brought forward	at 1"September 2021	508,167
Utilised in year		(502,494)
Received this year		597,832
Carried forward	at 31"August 2022	603,505

CREDITO	RS: AMOUNTS FALLING DUE AFTER MORE	THAN ONE YEAR
		2022	2021
Bank loans	(note 14)	251,896	276,043
Refundable	deposits (note 13a)	105,100	92,000
		356,996	368,043
Amounts falling due in more than five years:
Bank loans	(note 14)	154,309
Refundable	deposits (note 13a)	65,600	45,800
		219,909	45,800

		2022	2021
INCOME FROM:
Donations &grants		102,342	64,895
Charitable activities
School fees		2,241,136	2,108,609
LEA income		12,676	18,170
Catering receipts		99,405	83,568
Other		19,390	14,869
		2,372,607	2,225,216
Investments
Rents received		6,985	11,839
Bank interest		260	40
		7,245	11,879
TOTAL INCOME		2,482,194	2,301,990
EXPENDITURE ON:
Charitable activities
Staffcosts		1,445,484	1,329,180
Catering expenditure		194,973	166,548
Rent, rates and water		27,749	20,537
Insurance		14,217	18,028
Heat &light		42,740	57,701
Medical insurance		3,512	3,767
Cleaning k, supplies		48,856	42,133
Repairs k, maintenance		84,064	36,240
Classroom materials		57,725	51,721
Bad debts		32,512	25,300
Training courses		4,597	1,791
Legal and professional	fees	7)377	19,372
Depreciation on:
Freehold property		128,202	71,418
Fixtures, fittings k, computers		35,476	34,418
		2,127,484	1,878,154

	for the ear ended 31	"Au ust 2022
		2022	2021
Governance costs
Auditors' remuneration		7,920	6,732
Auditors' remuneration	—other services	7,794	8,470
Legal Bcprofessional	fees	247	121
Subscriptions Ec 1icences		2,613	2,849
		18,574	18,172
Raising funds
Advertising &marketing		10,510	12,716
Fundraising expenditure		14,165	8,765
		24,675	21,481
Support costs
Staff costs		185,973	176,089
Temporary staff		9,332	6,964
Telephone		12,139	9,194
Equipment hire		5,786	5,642
Computer costs		19,068	17,688
Office supplies k, postage		12,303	11,286
Transport costs		17,258	16,947
Sundries		7,784	7,021
Motor k travel expenses		5,131	1,939
Subscriptions k licences		28,195	23,198
Depreciation on motor vehicle			448
		302,969	276,416
Finance
Bank charges		10,395	6,244
Bank loan interest		15,050	18,197
Parent pay charges		2,705	2,700
		28,150	27,141
TOTAL EXPENDITURE		2,501,852	2,221,364
NET INCOME		(19,658)	80,626