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||||Page|
|---|---|---|---|
|Corporation|details|||
|Report ofthe governors||||
|Report ofthe independent||auditor to the Council|27|
|Consolidated|statement<br>of|financial activities|30|
|Corporation|statement<br>offinancial activities||31|
|Consolidated|balance sheet||32|
|Corporation|balance sheet||33|
|Consolidated|cashf low statement||34|
|Notes tothe|financial statements||35|





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|OFFICERS (key man|OFFICERS (key man|OFFICERS (key man|OFFICERS (key man|agement<br>personnel<br>d|uring the year)|||
|---|---|---|---|---|---|---|---|
|Mr J A Quartermain||||MA PGCE L+x'|Headmaster|||
|Mrs ESanderson|||FCA IVIA PGCE Lx 4||Bursar|||
|Mr A Cawkwell||BA|||Director ofExternal Relations|||
|Mr D Clarke MA|||IVIPhil PGCE||Director ofProfessional|Development||
|Mr N Crombie||BA PGCE|||Director ofSixth Form|||
|Mrs<br>L Laird MSci|||PGCE||Director ofIB|||
|Mrs K Lee MACPP||||Cert. Ed|Director ofOperations|||
|Ms D Porovic|MSc QTS||||Senior Deputy Head|||
|Mrs CStacker||BScPGCE|||Head ofSenior School,|Acting|Senior Deputy Head|
|Mr M Turner|BA||PGCE||Head ofJunior, Infants|and Nursery||
|Mrs EWilliams||BA PGCE|||Deputy Heod (Boarding|and Co-Curricular)||
|Registered office|||||Rossall School|||
||||||Fleetwood|||
||||||FY78JW|||
|Auditor|||||MHA Moore and Smalley|||
||||||Chartered<br>Accountants|||
||||||Richard House|||
||||||Winckley Square|||
||||||Preston|||
||||||PR13HP|||
|Solicitors|||||DWF LLP|||
||||||1Scott Place|||
||||||2 Hardman<br>Street|||
||||||Manchester|||
||||||M3 3AA|||
|Investment<br>advisers|||||Cazenove<br>Capital Investment||Ltd|
||||||12Moorgate|||
||||||London|||
||||||EC2R 6DA|||
|Charity number|||||526685|||





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|FOR THE YEAR EN|DED 31A|UGUST 202|3|||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restdicted||||
||||income|income|Endowment|2D23|2D22|
|||Note|funds|funds|funds|Total|Total|
|Income from:|||E|E||||
|Donations and legacies||2|65,625|22,748||88,373|102,888|
|Other trading activities||3|477,594|||477,594|371,416|
|Investments||4|277,008|3,523|5,296|285,827|253,391|
|Charitable<br>activities||5|15,525,130|||15,525,130|14,788,894|
|Total income|||16,345,357|26,271|5,296|16,376,924|15,516,589|
|Expenditure<br>on:||||||||
|Raising funds|||377,680|||377,68D|275,482|
|Charitable<br>activities|||16,589,669|18,435|227|16,608,331|15,067,061|
|Total expenditure||9Fa10|16,967,349|18,435|227|16,986,011|15,342,543|
|Net income/||||||||
|(expenditure)<br>before|||(621,992)|7,836|5,069|(609,087)|174,D46|
|other gains/(losses)||||||||
|Net gains/(losses)|on|||||||
|investments||12||5,001|7,519|12,520|9918|
|Net income /|||(621,992)|2,835|(2,450)|(621,607)|164,128|
|(expenditure)||||||||
|Transfers between|funds|17|45,908|(40,839)|(5,069)|||
|Other recognised|gains/|||||||
|(losses):||||||||
|Remeasure ments|to|||||||
|pension<br>liability||19|39,203|||39,203|69,245|
|Net movement<br>in|funds||(536,881)|(38,004)|(7,519)|(582,404)|94,883|
|Funds brought forward|||6042 216|388,075|1468,981|7,899,272|7,804,389|
|Funds carried forward|||5,505,335|350,071|1,461.,462|7,316,868|7,899,272|





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|FORTHE YEAR END|ED 31AUG|UST 2023||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||income|income|2023|2022|
||||Note|funds|funds|Total|Total|
|Income from:||||E|E|||
|Donations<br>and legacies<br>Investments|||2<br>4|168,454<br>356,405|22,748|191,202<br>356,405|194,444<br>278,664|
|Charitable<br>activities|||5|15,530,778||15,530,778|14,791,318|
|Total income||||16,055,637|22,748|16,078,385|15,264,426|
|Expenditure<br>on:||||||||
|Raising funds||||13,922||13,922|12,393|
|Charitable<br>activities||||16,656,025|18,284|16,674,309|15,088,634|
|Total expenditure|||9810|16,669,947|18,284|16,688,231|15,101,027|
|Net income /(expenditure)||||(614,310)|4,464|(609,846)|163,399|
|Transfers between|funds||17|37,467|(37,467)|||
|Other recognised <br>Remeasurernents|gains/ (losses):<br>to pension<br>liability||19|39,203||39,203|69,245|
|Net movement<br>in|funds|||(537,640)|(33,003)|(570,643)|94,154|
|Funds brought<br>forward||||6,033,112|108,205|6,141,317|6,047,163|
|Funds carried forward||||5,495,472|75,202|5,570,674|6,141,317|





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|AS AT31AUGUST 2023|||||||
|---|---|---|---|---|---|---|
||Note|||||2022|
|FIXEDASSETS|||||||
|Tangible assets||11||11,809,671||12,143,909|
|Investments||12||204,293||216,606|
|||||12,013,964||12,360,515|
|CURRENTASSETS|||||||
|Stock|||627633||67,213||
|Debtors||13|885,399||897,434||
|Cash and deposits|||3,612,103||4,179,467||
||||4,560,135||5,144,114||
|CURRENT LIABILITIES|||||||
|Creditors: payable within one year||14|(4,798,476)||(4,904,270)||
|NET CURRENT ASSETS/(LIABIL.TIES)||||238,341||239,844|
|TOTAL ASSETSLESSCURRENT LIABILITIES||||11,775,623||12,600,359|
|LONG TERM UABILITIES||15|||||
|Creditors. payable after one|year|||(4,458,755)||(4,701,087)|
|NET ASSETS||||7,316,868||7,899,272|
|REPRESENTED BY:|||||||
|ENDOWMENT<br>FUNDS||18||1,461,462||1,468,981|
|RESTRICTED FUNDS||||350,071||388,075|
|UNRESTRICTED FUNDS||1.6|||||
|General Reserve<br>Pension Reserve||19|6,141,327<br>~655992||6,767,432<br>~725,226||
|||||5,505,335||6,042,216|
|||||7,316,868||7,899,272|
|The accounts were approved|by the Council|on|29/02/2024||||





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|AS AT31AUGUST 2023||||||
|---|---|---|---|---|---|
||Note||2023||2022|
|FIXEDASSETS||||||
|Tangible assets|11||11,809,671||12,143,909|
|Investments|12||10,001||10,001|
||||11419,672||12,153,910|
|CURRENT ASSETS||||||
|Stock||10,251||10,208||
|Debtors||971,562||988,472||
|Cash and deposits||3,546,980||4,107,653||
|||4,528,793||5,106,333||
|CURRENT LIABILITIES||||||
|Creditors<br>payable within one year|14|(4,782,884)||(4,881,687)||
|NET CURRENT ASSETS/(LIABILITIES)|||254,091||224 646|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||11,565,581||12,378,556|
|I.ONG TERM LIABILITIES||||||
|Creditors payable after one year|15||(5,994,907)||(6,237,239)|
|NET ASSETS|||S,570,674||6,141,317|
|REPRESENTED BY:||||||
|RESTRICTED FUNDS|17||75,202||108,205|
|UNRESTRICTED FUNDS|16|||||
|General Reserve<br>Pension Reserve|29|6,131,464<br>~699,992||6,758,328<br>~726,226||
||||5,495,472||6,033,112|
||||5,570,674||6,141,317|





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|FOR THE YEAR ENDED 31AUGUST 2023|FOR THE YEAR ENDED 31AUGUST 2023||||||
|---|---|---|---|---|---|---|
|||Note||2023||2022|
|Net<br>cash<br>provided<br>by /<br>(used|in)|20||(41,697)||1,665,125|
|operating<br>activities|||||||
|Cash flows from investing<br>activities:|||||||
|Investment<br>income|||285,827||253,391||
|Finance costs|||(3072908)||(246,651)||
|Purchase oftangible fixed assets|||(351,361)||(404,711)||
|Receipts from the sale of fixed assets|||11,250||||
|Movement<br>in funds held by broker|||(1,431)||3,510||
|Payments to acquire investments|||||(3,553)||
|Receipts from the sale of investments|||1,224||||
|Net cash used in investing<br>activities||||(362,399)||(398,014)|
|Cash flaws from fmancing<br>activities:|||||||
|Loans fram associated charities|||(100,000)||(502,915)||
|Bank loan —C8ILS|||||(1,000,000)||
|Bankloan<br>Fee deposits|||(42,850)<br>~24,424||(93,472)<br>21124||
|Net<br>cash<br>(used<br>in) /<br>provided|by|||(163,268)||(1,575,263)|
|financing<br>activities|||||||
|Change<br>in cash and cash equivalents||21||(567,364)||(308,152)|
|in the year|||||||
|Cash<br>and<br>cash<br>equivalents<br>at|the||||||
|beginning<br>ofthe year||||4,179,467||4,487,619|
|Cash<br>and<br>cash<br>equivalents<br>at|the||||||
|end ofthe year||||3,612,103||4,179,467|





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|Income fr|om d|onations and legaci|es||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restdcted|2023|2022|
||||income<br>f|income<br>f|Total<br>f|Total<br>f|
|Group|||||||
|Donations|and|bequests|65,625|22,748|88,373|102,888|
||||Unrestricted|Restricted|2023|2022|
||||incomef|incomef|Total<br>f|Total<br>f|
|Corporation|||||||
|Donations|and|bequests|65,625|22,748|88,373|102,888|
|Donation|from|subsidiaries|102829||102829|91,556|
||||168,454|22,748|191,202|194,444|



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|Income from other trading a|ctivities||||
|---|---|---|---|---|
||Unrestricted|Restricted|2023|2022|
||income|incomef|Totalf|Totalf|
|Group|||||
|Trading income|477,594||477,594|371,416|
||Unrestricted|Restricted|2023|2022|
||incomef|incomef|Totalf|Totalf|
|Corporation|||||
|Trading income|||||





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|Investment|income||||||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|2023|2022|
|||income<br>f|income<br>f|Income<br>f|Totalf|Totalf|
|Group|||||||
|Investment|income|226,027|3,523|5,296|234,846|248,626|
|Interest on|bank deposits|50,981|||50,981|4,765|
|||277,008|3,523|5,296|285,827|253,391|
|||Unrestricted|Restricted|Endowment|2023|2022|
|||income<br>f|income<br>f|income<br>f|Total<br>f|Total<br>E|
|Corporation|||||||
|Investment|income|305,424|||305,424|273,899|
|Interest on|bank deposits|50,981|||50,981|4,765|
|||356,405|||356,405|278,664|





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|Income from chadtable<br>activities|||||
|---|---|---|---|---|
||Unrestricted|Restricted|2023|2022|
||income|income|Total|Total|
|Group|E|E|6|E|
|School fees|17,408,650||17,408,650|16,783,136|
|Other charges to pupils|683,600||683,600|616,874|
|Scholarships<br>and discounts|(2,879,893)||(2,879,893)|(2,892,819)|
|Registration<br>fees|64,070||64,070|63,691|
|Summer school|102,300||102,300|53,443|
|Student<br>Holiday accommodation||||48,954|
|Staff accommodation|90,117||90,117|71,782|
|Rates recharges to staff|45,036||45,036|43,833|
|Profit on disposal offixed assets|11,250||11,250||
||15,525,130||15,525,130|14,788,894|



||Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|
||income|income|Total|Total|
|Corporation|E|6|E|E|
|School fees|17,408,650||17,408,650|16,783,136|
|Other charges to pupils|683,600||683,600|616,874|
|Scholarships<br>and discounts|(2,879,893)||(2,879,893)|(2,892,819)|
|Registration<br>fees|64,070||64,070|63,691|
|Summer school|102,300||102,300|53,443|
|Student<br>Holiday accommodation||||48,954|
|Staff accommodation|90,117||90,117|71,782|
|Rates recharges to staff|45,036||45,036|43,833|
|Income from subsidiaries|5,648||5,648|2,424|
|Profit on disposal offixed assets|11,250||11,250||
||15,530,778||15,530,778|14,791,318|





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|, <br><br><br>summary<br>ofthe balance sheet, extracted from the a|udited accounts, are summarised<br>below:|udited accounts, are summarised<br>below:|
|---|---|---|
||Rossall Enterprises<br>Ltd||
||2023|2022|
||E|f|
|Turnover|477,594|371,416|
|Cost ofsales|326213|240,361|
|Gross profit|151,3$1|131,055|
|Administrative<br>expenses|42,145|26,428|
|Operating<br>profit|109,236|104,627|
|Interest payable||2,424|
|proRt before gift aid|103,58$|102,203|
|Charitable<br>donation|102,829|91,556|
|Retained profit for the year|759|10,647|
|Assets|230,686|204,879|
|Liabilities|210,823|185,775|
|Share capital and reserves|19,863|19,104|



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|Expenditure||||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
|Includes:||||||
|Auditor's<br>remuneration|(net ofVAT):||for audit services|29,010|24,990|
|Depreciation<br>Operating<br>lease payments||recognised|as an expense|685,599<br>325,032|662,279<br>347,764|





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|Analysis ofstaff costs, Tru|ste|e re|muner|ation||and expen|ses, and costof|key management<br>p|ersonnel|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
|The average number offull-time|||equivalent||employees||in|Number|Number|
|each department<br>was:||||||||||
|Teaching and support staff||||||||135|124|
|Administration<br>and marketing||||||||26|22|
|Welfare and medical||||||||62|57|
|Premises maintenance||||||||20|17|
|School total||||||||243|220|
|Rossall Enterprises||||||||4|4|
|Group total||||||||247|224|
|Average total staff numbers||employed||(head-count)||||278|253|
|Payroll costs were:||||||Group||Corporation||
|||||||2023|2022|2023|2022|
|||||||E|E||E|
|Wages and salaries|||||7,925,019||6,924,131|7,800,036|6,831,345|
|National<br>insurance||||||759,177|662,828|753,830|658,268|
|Pension costs||||||1,223,247|1,083,466|1,219,876|1,080,234|
|Apprenticeship<br>Levy||||||25,447|19,881|25,447|19,881|
||||||9,932,890||8,690,306|9,799,189|8,589,728|
|The number ofemployees|whose||remuneration|||exceeded f60,000was:||2023|2022|
|||||||||Number|Number|





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|Analysis oftotal|expend|iture-<br>unrestr|icted<br>income|funds||||
|---|---|---|---|---|---|---|---|
||||Rent,|||||
||||rates,|||||
||||insurance|Other|Deprecia-|2023|2022|
|||Staffcosts|&utilities|costs|tion|Total|Total|
|Group||||f|f|||
|Expenditure<br>on raising||||||||
|funds||||||||
|Costs of raising funds:||||13,922||13,922|12,393|
|Rossall Foundation||||||||
|Fundraising<br>trading:||||||||
|cost ofgoods sold and <br>costs|other|133,702||230,056||363,758|263089|
|||133702||243,978||377,680|275,482|
|Expenditure<br>on charitable||||||||
|activitres||||||||
|Teaching and support staff||6,779,629||||6,779,629|5,964,956|
|Other educational<br>and <br>costs<br>Welfare costs|direct|1,423,588||876,312<br>745,238||876,312<br>2,168,826|802,473<br>1,925,740|
|Premises maintenance<br>running<br>costs<br>Marketing<br>and agency <br>Finance costs<br>Rad debts<br>Office support costs<br>Governance<br>costs (see|and<br> costs|517,289<br>370,669<br>697,512<br>10,502|2,009,801|705,305<br>1,198,312<br>290,292<br>109,890<br>132,141<br>41,455|681,734|3,914,129<br>1,568,981<br>290,292<br>109,890<br>829,653<br>51,95'7|3,682,339<br>1,586,793<br>251,744<br>47,321<br>728,458<br>40,068|
|below)||||||||
|||9799,189|2,009,801|4,098,945|681,734|16,589,669|15,029,892|
|Total expenditure||9,932,891|2,009,801|4,342,923|681,734|16,967,349|15,305,374|
|Governance<br>costs||||||||
|External audit<br>Support costs<br>Totals per above||10502<br>10,502||33,610<br>7,845<br>41455||33,610<br>18,347<br>51,957|28,690<br>11,378<br>40068|





|Analysis|ofto|tal exp|enditure<br>—unr|estricted<br>inc|ome funds (c|ontinued)|||
|---|---|---|---|---|---|---|---|---|
|||||Rent,|||||
|||||rates,|||||
|||||insurance|Other|Deprecla-|?023|2022|
||||Staff costs|&utilities|costs|tlon|Tote I|Tata I|
|Corporation|||||||||
|Expenditure<br>on raising|||||||||
|funds|||||||||
|Costs ofraising funds:|||||||||
|Rossall Foundation|||||13,922||13,922|12,393|
|Expenditure<br>on charitable|||||||||
|activities|||||||||
|Teaching and support||staff|6,779,629||||6,779,629|5,964,956|
|Other educational|and|direct|||||||
|costs|||||876,312||876,312|802,473|
|Welfare costs|||1,423,588||745,238||2,16$,826|1,925,740|
|Premises maintenance||and|||||||
|running<br>costs|||517,289|2,009,801|705,305|681,734|3,914,129|3,682,339|
|Marketing<br>and agency||costs|370,669||1,198,312||1,56$,981|1,586,793|
|Finance costs|||||361,248||361,248|277,415|
|Bad debts|||||109,890||109,890|47,321|
|Office support costs|||697,512||132,141||829,653|728,458|
|Governance<br>costs|(see||10,502||36,855||47,357|36,368|
|below)|||||||||
||||9,799,189|2,009,801|4,165,301|681,734|16,656,025|15,051,863|
|Total expenditure|||9,799,189|2,009,801|4,179,223|681,734|16,669,947|15,064,256|
|Govensance costs|||||||||
|External audit|||||29,010||29,010|24,990|
|Support costs|||10,502||7,845||18,347|11378|
|Totals per above|||10,502||36,855||47,357|36,368|





|||||Rent, rates,|||||
|---|---|---|---|---|---|---|---|---|
|||||insurance|||||
||||Staff|and|Other|Deprecia-|2023|2022|
|Group|||costsf|utilities|Costsf|tion|Totalf|Totalf|
|Expenditure||on raising|||||||
|funds|||||||||
|Expenditure||on|||||||
|chafftable activities<br>Investment|||||151||151|172|
|management||charges|||||||
|Premises maintenance<br>and running<br>costs|||||14,419|3 865|18284|36,771|
||||||14,570|3,865|18,435|36943|
|Totalexpenditure|||||14,570|3,865|18r435|36,943|
|||||Rent, rates,|||||
|||||insurance|||||
||||Staff|and|Other|Deprecia-|2023|2022|
|Corporation|||costsf|utilitiesf|Costsf|tion<br>f|Total<br>E|Total<br>f|
|Expenditure||on raising|||||||
|funds|||||||||
|Expenditure||on|||||||
|charitable|activities||||||||
|Premises maintenance<br>and running<br>costs|||||14,419|3,865|18,284|36,771|
||||||14,419|3865|18284|36771|
|Total expenditure|||||14,419|3,865|18,284|36,771|





## 

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|NOTES TO THE FINANCIAL STATEMENTS<br>FOR THE YEAR ENDED 31AUGUST2023||||
|---|---|---|---|
|11<br>Fixed assets||||
||Freehold|Furniture||
|Group|Land and|plant and||
|Costorvaluation|buildingsf|equipmentf|Totalf|
|At 1September 2022|20,503,015|2,898,479|23,401,494|
|Additions|43,568|307,793|351,361|
|Disposals||(43,485)|(43,485j|
|At 31August 2023|20,546,583|3,162,787|23,709,370|
|Depreciation||||
|At 1September 2022|8,792,020|2,465,565|11,257,585|
|Charge for the year|525,151|160,448|685,599|
|Disposals||43485|43,485|
|At 31August 2023|9&317,171|2,582,528|11,899,699|
|Net book value||||
|At 31August 2023|11,229,412|580,259|11,809,671|
|At31August 2022|11,710,995|432,914|12,143,909|
|Corporation||||
|Cost orvaluation||||
|At 1September 2022|20,503,015|2,880,479|23,383,494|
|Additions|43,568|307,793|351,361|
|Disposals||43,485|43,485|
|At 31August 2023|20,546,583|3,144,787|23,691,370|
|Depreciation||||
|At 1September 2022|8,792,020|2,447,565|11,239,585|
|Charge forthe year|525,151|160,448|685,599|
|Disposals||43485|43,485|
|At 31August 2023|9,317,171|2,564,528|11,881,699|
|Net book value||||
|At 31August 2023|11,229,412|580,2S9|11,809,671|
|At 31August 2022|11,710,995|432,914|12,143,909|





## 

## 

## 

## 

|YEAR ENDE|D 31AU|GU|ST 2023||||||
|---|---|---|---|---|---|---|---|---|
|Investments|||Market|Movement||||Market|
||||value at|in cash|||Investment|value at|
|Group|||1September<br>2022f|held<br>by brokerf|Additions/<br>disposal|s<br>E|gains and<br>lossesf|31August<br>2023f|
|Funds held <br>Fund A|by broker:||216606|1431|1,224||12,520|204293|
||||216,606|1,431|(1,224)||(12,520)|204,293|
|Corporation|||||||2023f|2022f|
|Shares at cost:<br>Rossall Enterprises<br>Russell International||Ltd<br>Ltd|||||10,000<br>1|10,000<br>1|
||||||||10,001|10,001|
||||||||Group||
|Investment|gains/(losses):||||||2023<br>f|2022<br>f|
|Realised —disposals<br>Unrealised —change|||in market value||||(71)<br>12,449|9918|
||||||||(12,520)|(9,918)|





## 

## 

## 

|Debtors||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Group||Corporation||
||||||2023||2022|2023|2022|
||||||f||f|f|f|
|Pupils' accounts|||||397,778||479,365|397,778|479,365|
|Trade debtors|||||113,181||75,807|||
|Prepayments|&accrued income||||368,248||332,896|368,248|332,643|
|Other debtors|||||539||3,750|539|3,750|
|Amounts<br>due|from group undertakings|||||||199,344|167,098|
|Amounts<br>due|from associated charities||||5,653||5,616|5,653|5,616|
||||||885,399||897,434|971,562|988,472|
|The<br>amounts|due|from|group|undertakings|within|the|Corporation|includes<br>f100,000 (2022:||
|f100,000) falling due||after|more|than one year.||||||
|Creditors —amounts||falling|due within one year|||||||
|||||||Group||Corporation||
||||||2023<br>f||2022<br>f|2023<br>f|2022<br>f|
|Fees paid in advance||||3,201,993|||2,974,462|3,201,993|2,974,462|
|Accrued expenses|||||619,940||1,033,331|608,812|1,022,013|
|Other taxation|and national|||||||||
|insurance<br>contributions|||||228,030||223,594|225,316|216,263|
|Other creditors|||||264,003||160,597|262,562|156,972|
|Pension deficit payments|||||81,819||79,435|81,819|79,435|
|Fee deposits|||||239,851||192,136|239,851|192,136|
|Amounts<br>due|to associated||charities||60,653||122,439|60,344|122,130|
|Bank loan|||||102,187||118,276|102,187|118276|
|||||4,798,476|||4,904,270|4,782,884|4,881,687|





## 

## 

## 

## 


|roup    <br>Corporation<br>creditors<br>include amounts|<br> off3,567,718(2022:f|<br>3,620,583)falling due after|<br> 5years.|
|---|---|---|---|
|The bank loan falls due for repayment|as follows:|2023f|2022f|
|Within one year<br>Between one and two years<br>Between two and five years<br>After more than five years||102,187<br>110,394<br>387,284<br>2,563 13|118,276<br>124,637<br>415,592<br>2,548023|
|||3,163,678|3,206,528|



## 




## 

## 

## 




## 

## 

|Restricted funds|—previ|ous year||||||
|---|---|---|---|---|---|---|---|
|||Balance||||Investment|Balance|
|||b/f at 1||||gains/|c/f at 31|
|||Sep 2021f|Income<br>E|Expendituref|Transfers|(losses)<br>E|Aug 2022<br>E|
|Group<br>Corlett Bursary'||194,913|||||194,913|
|Sir<br>Thomas<br>Lloyd<br>Fund'<br>Rossall Foundation'|Travel|55,401<br>29,293|2,199<br>59,138|(105)<br>(30,000)|(3,150)|(2,617)|51,728<br>58,431|
|Rossallian<br>Cluba<br>Miscellaneous<br>projectss<br>War Memorial<br>Fund'<br>Budge Memorial<br>Fund'||212<br>$,061<br>48,272<br>33,510<br>369,662|1123<br>62,460|(212)<br>(2,695)<br>(3,864)<br>67<br>(36,943)|(3,150)|1337<br>(3,954)|5,366<br>44,408<br>33,229<br>388,07S|
|Corporation||||||||
|Corlett Bursary'<br>Rossall Foundation'||29,293|59,138|(30,000)|||58,431|
|Rossallian<br>Cluba<br>Miscellaneous<br>projects'<br>War Memorial<br>Fund'||212<br>8,061<br>48,272|-|(212)<br>(2,695)<br>(3,864)|||5,366<br>44,408|
|||85,838|59,138|(36,771)|||108,205|
|8<br>Endowment<br>funds||||||||
|||||||2023|2022|
|||||||E||
|FundA|||||1,461,462||1,468,981|



## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 




## 

## 

## 

|Pensions (continu|ed)||||||||
|---|---|---|---|---|---|---|---|---|
||||||||Group and|Corporation|
||||||||2023|2022|
||||||||E|E|
|At 1September|||||||(725,216)|(726,802)|
|Unwmding<br>ofthe|discount factor|||(interest expense)|||(29,414)|(7,496)|
|Deficit contribution|paid||||||79,435|78,327|
|Remeasurements|—impact of||any|change|in assumptions||39,203|120,389|
|Remeasurements|—amendments|||to the contribution||schedule||(189,634)|
|At 31August|||||||(635,992)|(725,216)|
|The amounts<br>recognised||in the statement|||offinancial|activities are shown below:|||
||||||||Group and|Corporation|
||||||||2023|2022|
||||||||E|E|
|Interest expense|||||||29,414|7,496|
|Remeasurements|to pension||liability||||(39,203)|69,245|



|The|assumptions<br>used are shown below:||||
|---|---|---|---|---|
|||2023|2022|2021|
|||||4A|
|Rate|ofdiscount|5.79|4.31|1.09|



## 



## 

## 

## 

## 



## 

## 

|20|Reconciliation ofnet|expenditure<br>to net cas|h flow f|rom opera|ting<br>activi|ties||
|---|---|---|---|---|---|---|---|
|||||||2023f|2022f|
||Net (expenditure)<br>/ income||||(621,607)||164,128|
||Loss on investments|||||12,520|9,918|
||Profit on sale offixed|assets||||(11,250)||
||Depreciation|||||685,599|662,279|
||Investment<br>income||||(285,827)||(253,391)|
||Finance costs and interest|||||290,292|251,744|
||Decrease / (increase)|in stocks||||4,580|(20,842)|
||Decrease/(increase)|in debtors||||12,035|(288,314)|
||(Decrease) / increase|in creditors||||128,039|1,139,603|
||Net cash provided<br>by / (used in) operating||activities|||(41,697)|1,665,125|
|21|Reconciliation ofnet|cash flow to movement|in net|funds||||
|||||||2023f|2022f|
||(Decrease) / increase|in cash|||(567,364)||(308,152)|
||Other movements|||||(17,615)|5,093|
||Cash outflow<br>/ (inflow)<br>from decrease / (increase)|||in debt||||
||and lease financing|||||198,499|1,565,077|
||Increase / (decrease)|in net funds|||(386,480)||1,262,018|
||Net funds at 31August 2022|||||308,690|1,570,708|
||Net funds at 31August 2023||||(695,170)||(308,690)|
|22|Analysis ofnet funds|||||||
|||||||Other||
|||||2022f|Cash flowf|movements<br>f|2023<br>f|
||Cash and bank balances||4,179,467||(567,364)||3,612,103|
||Bank Loan||(3,206,528)||42,850||(3,163,678)|
||Other debt due within|one year|(314,575)||14,071||(300,504)|
||Other debt due after one year||967,054||123,963||843,091|
||||(308,690)||(386,480)||(695,170)|





## 

## 

## 

## 

|Analysis ofbalances by fund|||||
|---|---|---|---|---|
||Unrestricted|Restricted|||
||income|income|Endowment|Total|
||funds|funds|funds|Funds|
||2023|2023|2023|2023|
|Group|E|E|E|E|
|Tangible fixed assets<br>Investments|11,792,681|16,990<br>81,443|122,850|11,809,671<br>204,293|
|Stock|62,633|||62,633|
|Debtors|885,399|||885,399|
|Cash at bank and in hand|3,553,891|58,212||3,612,103|
|Creditors due within one year|(4,794,362)|(2,026)|(2,088)|(4,798,476)|
|Creditors due after one year|(4,458,755)|||(4,458,755)|
|Loan from Trust Fund Ate the school|1,536,152|195,452|1,340,700||
||5,505,335|350,071|1,461,462|7,316,868|



|Analysis of balances<br>by fund- previous|year||||
|---|---|---|---|---|
||Unrestricted|Restricted|||
||mcorne|income|Endowment|Total|
||funds|funcls|funds|Funds|
||2022|2022|2022|2022|
|Group|||E|E|
|Tangible fixed assets<br>Investments|12,126,919|16,990<br>86,380|130,226|12,143,909<br>216,606|
|Stock|67,213|||67,213|
|Debtors|897,434|||897,434|
|Cash at bank and in hand|4,088,252|91,215||4,179,467|
|Creditors due within one year|(4,900,363)|(1,962)|(1,945)|(4,904,270)|
|Creditors due after one year|(4,701,087)|||(4,701,087)|
|Loan from Trust Fund A to the school|1536,152|195452|1,340,700||
||6,042,216|388,075|1,468,981|7,$99,272|





## 

## 

||||2023|2022|
|---|---|---|---|---|
||||E|E|
|Amounts|due|within one year|343,150|291,512|
|Amounts|due|between one and five years|1,287,737|1,159,792|
|Amounts|due|after five years|629,571|906,750|
||||2,260,458|2,358,054|



## 



## 

## 

|NOT|ES TO THE FINANCIAL STATEMENTS|ES TO THE FINANCIAL STATEMENTS||||||
|---|---|---|---|---|---|---|---|
|FOR|THE YEAR ENDED 31AUGUST 2023|||||||
|28|Related party transactions|||||2023|2022|
|||||||E|E|
||Income receivable<br>by the group||from associated charities|||||
||during the year:|||||||
||Scholarships:<br>The Jackson Scholarship<br>Fund|(net of parental||||93,405|71,428|
||contributions)|||||||
||The Trapnell<br>Fund|||||68,278|99,474|
||Grants for general educational<br>purposes:<br>The Rossall School Endowment<br>Fund|||||23,833|23,826|
||The Rossall Centenary<br>Fund<br>The Rossall Foundation|||||197,193<br>21,117|195,736<br>59,158|
|||||||403,826|449,622|
||Amounts<br>payable<br>by the group||to associated|charities||||
||during the year:|||||||
||Rent:|||||||
||The Rossall Centenary<br>Fund|||||175,770|175,770|
||The Jackson Scholarship<br>Fund|||||79,515|79,515|
||The Rossall School Endowment||Fund|||23,715|23,715|
|||||||279,000|279,000|
||Loan Indexation: The Trapnell|Fund||||6,707|67,564|
||Loan Interest: The Trapnell<br>Fund||||||5 605|
|||||||286,451|352,169|
||Amounts<br>due to/(from) associated charities by the||||group at|||
||the end ofthe year:|||||||
||The Rossall Centenary<br>Fund|||||(5,012)|(4,977)|
||The Rossall School Endowment||Fund|||(642)|(639)|
||The Trapnell<br>Fund<br>The Rossall Foundation|||||213,259|230,874<br>100,000|
|||||||207,605|325,258|
||hier assets ofassociated charities:|||||||
||The Rossall Centenary<br>Fund|||||3,715,077|3,746,628|
||The Rossall School Endowment||Fund (incorporating||the|2,523,863|2,550,799|
||Jackson Scholarship<br>Fund)|||||||
|||||||6,238,940|6,297,427|






## 

## 

||||Unrestricted|Restdcted||||
|---|---|---|---|---|---|---|---|
||||income|income|Endowment|2022|2021|
|||Note|funds|funds|funds|Total|Total|
|Income from:||||||||
|Donations<br>and legacies||2|43,750|59,138||102,888|25,619|
|Other trading activities||3|371,416|||371,416|181,404|
|Other income<br>—CJRS|||||||587,780|
|Investments||4|242,066|3,322|8,003|253,391|217,073|
|Charitable<br>activities||5|14,788,894|||14,788,894|11,278,460|
|Tota I income|||15,446,126|62,460|8,003|15,516,589|12,290,336|
|Expenditure<br>on:||||||||
|Raising funds|||275,482|||275,482|164,439|
|Charitable<br>activities|||15,029,892|36943|226|15,067,061|12,239,500|
|Total expenditure||9&10|15,305,374|36,943|226|15,342,543|12,403,939|
|Net income /||||||||
|(expenditure)<br>before|||140,752|25,517|7,777|174,046|(113,603)|
|other gains/(iosses)||||||||
|Net gains/(losses)<br>investments|on|12||3,954|5,964|9,918|21,310|
|Net income /|||140,752|21,563|L813|164,128|(92,293)|
|(expenditure)||||||||
|Transfers between|funds|17|10,927|(3,150)|(7,777)|||
|Other recognised|gains/|||||||
|(losses):||||||||
|Remeasurements|to|||||||
|pension<br>liability||19|69,245|||69,245|6,060|
|Net movement<br>in|funds||82,434|18,413|(5,964)|94,883|(86,233)|
|Funds brought<br>forward|||5,959,782|369662|1,474,945|7,804,389|7,890,622|
|Funds carried forward|||6,042,216|388,075|1,468,981|7,899,272|7,804,389|





## 

## 

||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|
||||income|income|2022|2021|
|||Note|funds|funds|Total|Total|
|Income from:|||E|E|||
|Donations<br>and legacies||2|135,306|59,138|194,444|25,619|
|Other income —CjRS||||||587,780|
|Investments||4|278,664||278,664|242,359|
|Charitable<br>activities||5|14,791,318||14,791,318|11,280,310|
|Total income|||15,205,288|59,138|15,264,426|12,136,068|
|Expenditure<br>on:|||||||
|Raising funds|||12,393||12,393|3,195|
|Charitable<br>activities|||15051,863|36771|15,088,634|12,261,286|
|Total expenditure||98(10|15,064,256|36,771|15,101,027|12,264,481|
|Net income /(expenditure)|||141,032|22,367|163,399|(128,413)|
|Transfers between funds||17|||||
|Other recognised<br>gains/ (losses):<br>Remeasurements<br>to pension<br>liability||19|69,245||69,245|6,060|
|Net movement<br>in funds|||71,787|22,367|94,154|(122,353)|
|Funds brought forward|||5,961,325|85,838|6047,163|6,169,516|
|Funds carried forward|||6,033,112|108,205|6,141,317|6,047,163|





## 

## 

## 

## 

||||Unrestricted|Unrestricted||Restricted|2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||incomef||income<br>E|Total|Totalf|
|Group|||||||||
|Donations|and bequests|||43,750||59,138|102,888|25,619|
||||Unrestdcted|||Restricted|2022|2021|
|||||incomef||incomef|Totalf|Totalf|
|Corporation|||||||||
|Donations|and bequests|||43,750||59,138|102,888|25,619|
|Gift aid from||subsidiaries||91556|||91,556||
|||||135,306||59,138|194,444|25,619|
|Investment||income —previous|year||||||
||||Unrestricted|Restricted||Endowment|2022|2021|
||||income<br>f|income||income<br>f|Totalf|Totalf|
|Group|||||||||
|investment|income||237,301|3|322|8,003|248,626|217,003|
|Interest on|bank deposits||4,765||||4,765|70|
||||242,066|3,322||8,003|253,391|217,073|
||||Unrestricted|Restricted||Endowment|2022|2021|
||||income<br>f|income<br>f||income<br>f|Totalf|Totalf|
|Corporation|||||||||
|Investment|income||273,899||||273,899|242,289|
|Interest on|bank deposits||4765||||4765|70|
||||278,664||||278,664|242,359|





## 

## 

## 

|3<br>Analysis oftot|al e|xpenditu|re<br>—unrestric|ted<br>income f|unds —previo|us year|||
|---|---|---|---|---|---|---|---|---|
|||||Rent,|||||
|||||rates,|||||
|||||insurance|Other|Deprecia-|2022|2021|
||||Staffcosts|&utilities|costs|'t lou|Total|Total|
|Group|||||f|f|||
|Expenditure<br>on raising|||||||||
|funds|||||||||
|Costs of raising funds:|||||12,393||12,393|3,195|
|Rossall Foundation|||||||||
|Fundraising<br>trading:|||||||||
|cost ofgoods sold <br>costs|and|other|100,578||162,511||263,089|161,244|
||||100,578||174,904||275,482|164,439|
|Expenditure<br>on charitable|||||||||
|activities|||||||||
|Teaching and support staff|||5,964,956||||5,964,956|5,228,344|
|Other educational|and|direct|||||||
|costs|||||802,473||802,473|495,207|
|Welfare costs|||1,221,131||704,609||1,925,740|1,518,364|
|Premises maintenance||and|||||||
|running<br>costs<br>Marketing<br>and agency <br>Finance costs||costs|445,598<br>349,956|1,570,527|1,010,706<br>1,236,837<br>251,744|655,508|3,682,339<br>1,586,793<br>251,744|2,834,124<br>1,273,579<br>180,751|
|Bad debts|||||47,321||47,321|14,629|
|Office support costs<br>Governance<br>costs (see|||601,270<br>6,817||127,188<br>33,251||728,458<br>40,068|628,687<br>32,519|
|below)|||||||||
||||8,589,728|1,570,527|4,214,129|655,508|15,029,892|12,206,204|
|Total expenditure|||8,690,306|1,570,527|4,389,033|655,508|15,305,374|12,370,643|
|Governance<br>costs|||||||||
|External audit|||||28,690||28,690|25,050|
|Support costs<br>Totals per above|||6,817<br>6,817||4,561<br>33,251||11,378<br>40,068|7,469<br>32,519|





## 

## 

|33<br>Analysis|ofto|tal exp|enditure<br>—unr|estricted<br>inco|me funds —p|revious year|(continued)||
|---|---|---|---|---|---|---|---|---|
|||||Rent,|||||
|||||rates,|||||
|||||insurance|Other|Deprecia-|2022|2021|
||||Staff costs|&utilities|costs|tion|Total|Total|
|Corporation|||||||||
|Expenditure<br>on raising|||||||||
|funds|||||||||
|Costs of raising funds:|||||||||
|Rossall Foundation|||||12,393||12,393|3,195|
|Expenditure<br>on charitable|||||||||
|activities|||||||||
|Teaching and support||staff|5,964,956||||5,964,956|5,228,344|
|Other educational|and|direct|||||||
|costs|||||802,473||802,473|495,207|
|Welfare costs|||1,221,131||704,609||1,925,740|1,518,364|
|Premises maintenance||and|||||||
|running<br>costs|||445,598|1,570,527|1,010,706|655,508|3,682,339|2,834,124|
|Marketing<br>and agency||costs|349,956||1,236,837||1,586,793|1,273,579|
|Finance costs|||||277,415||277,415|206,422|
|gad debts|||||47,321||47,321|14,629|
|Office support costs|||601,270||127,188||728,458|628,687|
|Governance<br>costs|(see||6,817||29,551||36,368|29,019|
|below)|||||||||
||||8,589,728|1,570,527|4,236,100|655,508|15,051,863|12,228,375|
|Total expenditure|||8,589,728|1,570,527|4,248,493|655,508|15,064,256|12,231,570|
|Governonce costs|||||||||
|External audit|||||24,990||24,990|21,550|
|Support costs|||6,817||4,561||11,378|7,469|
|Totals per above|||6,817||29,551||36,368|29,019|





## 

## 

|||||Rent, rates,|||||
|---|---|---|---|---|---|---|---|---|
|||||insurance|||||
||||Staff|and|Other|Deprecia-|2022|2021|
|Group|||costsf|utilities<br>E|Costs<br>f|tion<br>f|Totalf|Totalf|
|Expenditure|on raising||||||||
|funds|||||||||
|Expenditure|on||||||||
|charitable<br>activities|||||||||
|Investment|||||172||172|153|
|management|charges||||||||
|Other educational||and|||||||
|direct costs|||||||||
|Premises maintenance|||||||||
|and running|costs||||30,000|6,771|36,771|32,911|
||||||30,172|6,771|36,943|33,064|
|Total expenditure|||||30,172|6,771|36,943|33,064|
|||||Rent, rates,|||||
|||||insurance|||||
||||Staff|and|Other|Deprecia-|2022|2021|
|Corporation|||costsf|utilitiesf|Costsf|'tionf|Totalf|Totalf|
|Expenditure|on raising||||||||
|funds|||||||||
|Expenditure|on||||||||
|charitable<br>activities|||||||||
|Other educational||and|||||||
|direct costs|||||||||
|Premises maintenance|||||||||
|and running|costs||||30,000|6,771|36,771|32,911|
||||||30,000|6,771|36,771|32,911|
|Total expenditure|||||30,000|6,771|36,771|32,911|