|||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|
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|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|
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|2.|DONATIONS|||
|---|---|---|---|
|||2022|2021|
||Donations
receivable|98,225|62,948|
||Grants receivable|4,117|1,947|
|||102,342|64,895|
|3.|SCHOOL FEESRECEIVABLE|||
|||2022|2021|
||Fees|2,241,136|2,108,609|
||LEA income|12,676|18,170|
|||2,253,812|2,126,779|
|4.|OTHER ANCILLARY INCOME|||
|||2022|2021|
||Catering receipts|99,405|83,568|
||Other|19,390|14,869|
|||118,795|98,437|
|5.|INVESTMENTS|||
|||2022|2021|
||Rents received|6,985|11,839|
||Banl& interest|260|40|
|||7,245|11,879|
##
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|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|
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|EXPENDITURE|||||||
|---|---|---|---|---|---|---|
||||Direct|Support|||
||||costs|costs|2022|2021|
|Costs ofraising funds|||||||
|Advertising
&marketing|||10,510||10,510|12,716|
|Fundraising
expenditure|||14,165||14,165|8,765|
||||24,675||24,675|21,481|
|Charitable
activities|||||||
|Staffcosts (note 6)|||1,445,484|185,973|1,631,457|1,505,269|
|Temporary
staff||||9,332|9,332|6,964|
|Catering|||194,973||194,973|166,548|
|Rent, rates and water|||27,749||27,749|20,537|
|Insurance|||14,217||14,217|18,028|
|Heat &light|||42,740||42,740|57,701|
|Medical insurance|||3,512||3,512|3,767|
|Office supplies &postage||||12,303|12,303|11,286|
|Telephone||||12,139|12,139|9,194|
|Cleaning &supplies|||48,856||48,856|42,133|
|Repairs and maintenance|||84,064||84,064|36,240|
|Classroom
materials|||57,725||57,725|51,721|
|Equipment
hire||||5,786|5,786|5,642|
|Transpoit costs||||17,258|17,258|16,947|
|Computer
costs||||19,068|19,068|17,688|
|Bad debts|||32,512||32,512|25,300|
|Training
courses|||4,597||4,597|1,791|
|Motor and travel||||5,131|5,131|1,939|
|Subscriptions
&licences||||28,195|28,195|23,198|
|Legal &professional|||7/377||7377|19,372|
|Sundries||||7,784|7,784|7,021|
|Governance
costs (note 8)|||18,574||18,574|18,172|
|Finance costs (note 9)|||28,150||28,150|27,141|
||||2,010,530|302,969|2,313,499|2,093,599|
|GOVERNANCE COSTS|||||||
||||||2022|2021|
|Auditors'
remuneration|||||7,920|6,732|
|Auditors'
remuneration:||non audit services|||7,794|8,470|
|Legal &professional|fees||||247|121|
|Subscriptions
&1icences|||||2,613|2,849|
||||||18,574|18,172|
##
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|9. FINANCE COSTS|||||
|---|---|---|---|---|
||||2022|2021|
|Bank loan interest|||15,050|18,197|
|Bank charges|||10,395|6,244|
|Parent pay charges|||2,705|2,700|
||||28,150|27,141|
|10. TANGIBLE FIXEDASSETS|||||
||Freehold|Fixtures,|||
||land and|fittings and|Motor||
||buildings|computers|vehicles|Totals|
|COST/VALUATION|||||
|At 1"September 2021|3,697,587|652,740|17,887|4,368,214|
|Additions|13,501|39,524||53,025|
|Disposals||(18,749)||(18,749)|
|At31"August 2022|3,711,088|673,515|17,887|4,402,490|
|DEPRECIATION|||||
|At 1"September 2021|1,447,587|594,306|17,887|2,059,780|
|Charge for year|128,202|35,476||163,678|
|Eliminated
on disposal||(18,749)||(18,749)|
|At31"August 2022|1,575,789|611,033|17,887|2,204,709|
|NET BOOK VALUE|||||
|At 31"August 2022|2,135,299|62,482||2,197,781|
|At 31"August 2021|2,250,000|58,434||2,308,434|
##
|||2022|2021|
|---|---|---|---|
|Trade debtors||87,022|64,554|
|Other debtors||32,961|25,976|
|Prepayments|and accrued income|5,068|14,300|
|||125,051|104,830|
##
|. 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|
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|OPERATING A|CTIVITIES||||
|---|---|---|---|---|
||||2022|2021|
|Net movement
in funds|||(19,658)|80,626|
|Adjustments
for:|||||
|Depreciation
charges|||163,678|106,284|
|Interest receivable|||(260)|(40)|
|Interest payable|||15,050|18,197|
|Increase in stock|||(3,360)|(120)|
|(Increase)/decrease|in trade and other debtors||(20,221)|2,023|
|Increase/(decrease)|in trade and other creditors||72,587|(37,089)|
|Net cash generated|by operating|activities|207,816|169,881|
|||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|