| Page | ||
|---|---|---|
| Report ofthe Trustees | ||
| 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 |
Limited Re |
istered Numb | er: | 00895208 | 00895208 | ||
|---|---|---|---|---|---|---|---|---|---|
| Statement ofFinancial Activities | Incor oratin | an Income | and | Ex enditure | Account | ||||
| for the | ear ended 31"Au ust 2023 | ||||||||
| 2023 | 2023 | 2023 | 2022 | ||||||
| Unrestricted | Restricted | Total | Unrestricted | ||||||
| funds | funds | funds | funds | ||||||
| Notes | |||||||||
| INCOME FROM: | |||||||||
| Donations | 36,100 | 6,016 | 42,116 | 102,342 | |||||
| Charitable activities |
|||||||||
| School fees receivable | 2,616,959 | 2)616,959 | 2,253,812 | ||||||
| Other ancillary income |
120,843 | 120,843 | 118,795 | ||||||
| Investments | |||||||||
| Investinent income |
5,097 | 5,097 | 7,245 | ||||||
| Total income | 2,778,999 | 6,016 | 2,785,015 | 2,482,194 | |||||
| EXPENDITURE ON: | |||||||||
| Raising funds | 31,064 | 31)064 | 24,675 | ||||||
| Charitable activities |
2)682374 | 2,682,374 | 2,313,499 | ||||||
| 2,713,438 | 2,713,438 | 2,338,174 | |||||||
| SURPLUS BEFORE | DEPRECIATION | ||||||||
| AND OTHER GAINS | 65,561 | 6)016 | 71,577 | 144,020 | |||||
| Depreciation | (157,314) | (157814) | (163,678) | ||||||
| NET INCOME/(EXPENDITURE) | (91,753) | 6,016 | (85,737) | (19,658) | |||||
| NET MOVEMENT IN FUNDS | (91,753) | 6,016 | (85,737) | (19,658) | |||||
| RECONCILIATION | OFFUNDS | ||||||||
| Funds brought forward | 1,858,190 | 1,858)190 | 1,877,848 | ||||||
| FUNDS CARRIED FORWARD | 16 | 1,766,437 | 6,016 | 1,772,453 | 1,858,190 |
| The R le s Schoo | l Limited Re |
istered Number | : 00895208 | |
|---|---|---|---|---|
| Balance | Sheet | |||
| A~t3V' A | t 2023 | |||
| 2023 | 2022 | |||
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| Notes | g | |||
| FIXEDASSETS | ||||
| Tangible assets | 10 | 2,089,762 | 2,197,781 | |
| CURRENT ASSETS | ||||
| Stock | 7,898 | 4,432 | ||
| Debtors | 126,757 | 125,051 | ||
| Cash at bank and in hand | 662,490 | 632,873 | ||
| 797,145 | 762,356 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
i2 | (774,892) | (744,939) | |
| NET CURRENT ASSETS | 22,253 | 17,417 | ||
| TOTAL ASSETSLESSCURRENT | ||||
| LIABILITIES | 2,112,015 | 2,215,198 | ||
| CREDITORS | ||||
| Amounts falling due after more than one year |
13 | (339,551) | (356,996) | |
| NET ASSETS | 1,772,464 | 1,858,202 | ||
| CHARITY FUNDS | ||||
| Called up share capital Restricted |
15 | 12 6,016 |
12 | |
| General | 16 | 213,421 | 210,541 | |
| Revaluation | 16 | 1,553,015 | 1,647,649 | |
| TOTALFUNDS | 1,772,464 | 1,858,202 |
| Statement ofCash Flows | Statement ofCash Flows | Statement ofCash Flows | |||||||
|---|---|---|---|---|---|---|---|---|---|
| for | the | ear ended 31nAu | ust 2023 | ||||||
| 2023 | 2022 | ||||||||
| Notes | |||||||||
| Cash generated by operating activities |
20 | 141,827 | 207,816 | ||||||
| Cash flows from investing | activities | ||||||||
| Purchases oftangible fixed | assets | (49,895) | (53,025) | ||||||
| Interest receivable | 4,729 | 260 | |||||||
| Net cash from investing activities |
(45,166) | (52,765) | |||||||
| Cash flows from financing | activities | ||||||||
| Loan repayments in year |
(67,044) | (37,255) | |||||||
| Net cash from financing activities |
(67,044) | (37,255) | |||||||
| Increase/(decrease) in cash |
and | cash | |||||||
| equivalents in the year |
29,617 | 117,796 | |||||||
| Cash and cash equivalents | at the beginning | ||||||||
| ofthe year | 632,873 | 515,077 | |||||||
| Total cash and cash equivalents | at the | end | |||||||
| ofthe year | 662,490 | 632,873 |
| offeach shorter. |
asset over its useful eco | nomic life or, ifheld under a finance |
|---|---|---|
| Land | Nil | |
| Freehold | property | Between 20 and 50years |
| Motor vehicles | 25%on cost | |
| Fixtures | &fittings | 15%on cost |
| Computer | equipment | 25%on cost |
| 2. | DONATIONS | 2023 | 2022 |
|---|---|---|---|
| Donations receivable Grants receivable |
40,789 1,327 |
98,225 4,117 |
|
| 42,116 | 102,342 | ||
| 3. | SCHOOL FEESRECEIVABLE | 2023 | 2022 |
| Fees LEA income |
2,522,294 94,665 |
2,241, 136 12,676 |
|
| 2,616,959 | 2,253,812 | ||
| 4. | OTHER ANCILLARY INCOME | 2023 | 2022 |
| Catering receipts Other |
106,776 14,067 |
99,405 19,390 |
|
| 120,843 | 118,795 | ||
| 5. | INVKSTMKNTS | 2023 | 2022 |
| Rents received Bank interest |
368 4,729 |
6,985 260 |
|
| 5)097 | 7,245 |
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Wages and salaries | 1,561,538 | 1,343,163 | |||
| Social Security costs | 138,495 | 121,090 | |||
| Pension costs | 200,109 | 167,204 | |||
| 1,900,142 | 1,631,457 | ||||
| The total average monthly | number ofemployees | during the year was asfollows: | |||
| 2023 | 2022 | ||||
| Direct charitable work |
54 | 50 | |||
| Administrative | 7 | 8 | |||
| 61 | 58 | ||||
| The number ofemployees | whose emoluments | exceed f60,000: | |||
| 2023 | 2022 | ||||
| 670,001 to 680,000 | l | I |
| 7. | EXPENDITURE | |||||
|---|---|---|---|---|---|---|
| Direct | Support | |||||
| costs | costs | 2023 | 2022 | |||
| 8 | ||||||
| Costs ofraising funds | ||||||
| Advertising &marketing Fundraising expenditure |
13,330 17,734 |
13,330 17,734 |
10,5io 14,165 |
|||
| 31,064 | 31,064 | 24,675 | ||||
| Charitable activities |
||||||
| Staffcosts (note 6) Temporary staff Catering Rent, rates and water Insurance Heat &light Medical insurance Office supplies &postage Telephone Cleaning &supplies Repairs and maintenance Classroom materials Equipment hire Transport costs Computer costs Bad debts Training courses Motor and travel Subscriptions &licences Legal &professional Sundries Governance costs (note 8) Finance costs (note 9) Loss on disposal offixed assets |
1,709,752 214,117 2,746 19,078 87,221 3,663 53,809 100,869 57,774 43,837 4,186 23,013 21,844 21,322 600 |
190490 19,920 16,054 11,717 4,196 13,759 30,023 2,066 26,562 3,856 |
1,900,142 19,920 214,117 2,746 19,078 87,221 3,663 16,054 11,717 53,809 100,869 57,774 4)196 13,759 30,023 43,837 4,186 2,066 26,562 23,013 3,856 21&844 21,322 600 |
1,631,457 9,332 194,973 27,749 14,217 42,740 3,512 12,303 12,139 48,856 84,064 57,725 5,786 17,258 19,068 32,512 4,597 5,131 28,195 7,377 7,784 18,574 28,150 |
||
| 2,363,831 | 318,543 | 2,682,374 | 2,313,499 | |||
| 8. | GOVERNANCE COSTS |
2023 | 2022 | |||
| Auditors' remuneration Auditors' remuneration: non audit services Legal & professional fees Subscriptions &licences |
8,106 9,798 893 3)047 |
7,920 7,794 247 2,613 |
||||
| 21)844 | 18,574 |
| . FINANCE COSTS | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Bank loan interest | 11,181 | 15,050 | ||
| Bank charges | 6,825 | 10,395 | ||
| Parent pay charges | 3,316 | 2,705 | ||
| 21,322 | 28,150 | |||
| 0. TANGIBLE FIXEDASSETS | ||||
| Freehold | Fixtures, | |||
| land and | fittings and | Motor | ||
| buildings | computers | vehicles | Totals | |
| 8 | ||||
| COST/VALUATION | ||||
| At in September 2022 | 3,711,088 | 673,515 | 17,887 | 4)402,490 |
| Additions | 16,501 | 33,394 | 49,895 | |
| Disposals | (1,500) | (4,220) | (5,720) | |
| At31"August 2023 | 3,726,089 | 702,689 | 17,887 | 4,446,665 |
| DEPRECIATION At I"September 2022 |
1,575,789 | 611,033 | 17,887 | 2,204,709 |
| Charge for year | 126,588 | 30,726 | 157,314 | |
| Eliminated on disposal |
(900) | (4,220) | (5,120) | |
| At 31"August 2023 | 1,701,477 | 637)539 | 17,887 | 2,356,903 |
| NET BOOK VALUE | ||||
| At31"August 2023 | 2,024,612 | 65,150 | 2,089,762 | |
| At 31"August 2022 | 2,135,299 | 62,482 | 2,197,781 |
| DEBTORS: | ||
|---|---|---|
| . | 2023 | 2022 |
| Trade debtors Prepayments and accrued income Other debtors |
28,609 31i410 66,738 |
87,022 32,961 5,068 |
| 126,757 | 125,051 | |
| . CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2023 | 2022 | |
| Bank loan (note 14) Trade creditors Other creditors Accruals and deferred income Fees received in advance Refundable deposits (note 13a) |
18,013 174,262 10,176 29,400 525,041 18,000 |
26,832 81,244 4,008 17,850 603,505 11,500 |
| 774,892 | 744,939 | |
| Fees received in advance | ||
| Brought forward at in September 2022 Utilised in year Received this year |
603,505 (603,505) 525,041 |
|
| Cidforwardat31"Auust2023 | 525,041 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Bank loans Refundable |
(note 14) deposits |
(note 13a) | 204,851 134,700 |
251,896 105,100 |
| 339,551 | 356,996 | |||
| Amounts falling due |
in more than five years: | |||
| Bank loans Refundable |
(note 14) deposits (note 13a) |
132,799 88,200 |
154,309 65,600 |
|
| 220i999 | 219,909 |
| . RECONCILIATION OF NET MOVEMENT IN FUNDS TO OPERATINGACTIVITIES |
NET CASH FLOWS FROM | |
|---|---|---|
| 2023 | 2022 | |
| Net movement in funds |
(85,737) | (19,658) |
| Adjustments for: Provisions for doubtful debt Depreciation charges Loss on disposal of fixed assets Interest receivable Interest payable Increase in stock (Increase)/decrease in trade and other debtors Increase/(decrease) in trade and other creditors |
43,837 157)314 600 (4,729) 11,181 (3,466) (45,543) 68,370 |
32,5 1.2 163,678 (260) 15,050 (3,360) (52,733) 72,587 |
| Net cash generated by operating activities |
141,827 | 207,816 |
| 2023 | 2022 | ||
|---|---|---|---|
| INCOME FROM: | |||
| Donations &grants | 41)616 | 102,342 | |
| Charitable activities |
|||
| School fees | 2,522,794 | 2,241,136 | |
| LEA income | 94,665 | 12,676 | |
| Catering receipts | 106,776 | 99,405 | |
| Other | 14,067 | 19,390 | |
| 2&738,302 | 2,372,607 | ||
| Investments | |||
| Rents received | 368 | 6,985 | |
| Bank interest | 4,729 | 260 | |
| 5,097 | 7,245 | ||
| TOTAL INCOME | 2,785,015 | 2,482,194 | |
| EXPENDITURE ON: | |||
| Charitable activities |
|||
| Staffcosts | 1,709,752 | 1,445,484 | |
| Catering expenditure | 214,117 | 194,973 | |
| Rent, rates and water | 2,746 | 27,749 | |
| Insurance | 19,078 | 14,217 | |
| Heat &.light | 87,221 | 42,740 | |
| Medical insurance | 3,663 | 3,512 | |
| Cleaning dc supplies Repairs k.maintenance |
53,809 100,869 |
48,856 84,064 |
|
| Classroom materials |
57,774 | 57,725 | |
| Bad debts | 43,837 | 32,512 | |
| Training courses | 4)186 | 4,597 | |
| Legal and professional | fees | 23)013 | 7,377 |
| Depreciation on: |
|||
| Freehold property | 126,588 | 128,202 | |
| Fixtures, fittings &computers | 30,726 | 35,476 | |
| Loss on disposal offixed assets | 600 | ||
| 2,477,979 | 2,127,484 |
| Income and Ex for the earended31" |
enditure Au ust2023 |
|
|---|---|---|
| 2023 | 2022 | |
| Governance costs Auditors' remuneration Auditors' remuneration —other services Legal &professional fees Subscriptions &licences |
8,106 9,798 893 3,047 |
7,920 7,794 247 2,613 |
| 21,844 | 18,574 | |
| Raising funds Advertising &marketing Fundraising expenditure |
13,330 17,734 |
10,510 14,165 |
| 31,064 | 24,675 | |
| Support costs Staffcosts Temporary staff Telephone Lquipinent hire Computer costs Office supplies &postage Transport costs Sundries Motor &travel expenses Subscriptions &licences |
190,390 19,920 11,717 4,196 30,023 16,054 13,759 3,856 2,066 26,562 |
185,973 9,332 l2,139 5,786 19,068 12,303 17,258 7,784 5,131 28,195 |
| 318,543 | 302,969 | |
| Finance Bank loan interest Bank charges Parent pay charges |
11,181 6,825 3/16 |
15,050 10,395 2,705 |
| 21322 | 28, 150 | |
| TOTAL EXPENDITURE | 2,870,252 | 2,501,852 |
| NKT EXPENDITURE | (85,737) | (19,658) |