## |||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)|