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2023-08-31-accounts

Registered number: 00880309 Charity number: 527181

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Governors' Report and Financial Statements

For the year ended 31 August 2023

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Contents

Page
Reference and administrative details of the Charity, its Governors and advisers 1 - 2
Governors' report 3 - 5
Independent auditors' report on the financial statements 6 - 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 20

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Reference and Administrative Details of the Charity, its Governors and Advisers For the year ended 31 August 2023

Chairman D J Lewis
Members V L Barnatt
M Pallot
R J Withers (appointed 16 June 2023)
Company registered
number
00880309
Charity registered
number
527181
Registered office
11a High Street
Repton
Derby
Derbyshire
DE65 6GE
Clerk to the Governing
Body
L Barnes
Headteacher
J Shipway (Resigned 22 December 2022)
K Lebihan BA (Hons) (appointed 13 December 2022)
Independent auditors
Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ
Bankers
National Westminster Bank Plc
Crompton House
Derwent Street
Derby
DE1 2ZG
Santander Corporate Banking
5 Market Place
Derby
DE1 3PY
Solicitors
Foot Anstey LLP
2 Glass Wharf
Bristol
BS2 0EL
Stone King LLP
Boundary House
91 Charterhouse Street
London
EC1M 6HR

Page 1

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Reference and Administrative Details of the Charity, its Governors and Advisers (continued) For the year ended 31 August 2023

Surveyors Fisher German
The Estates Office
Ivanhoe Business Park
Ashby De La Zouch
Leicestershire
LE65 2UZ
Insurance Brokers P J Frankland Limited
Oxford House
Stanier Way
The Wyvern
Derby
DE21 6BF
Accountants Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Page 2

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Governors' Report For the year ended 31 August 2023

The Governors (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of Repton School (the Charity) for the year ended 31 August 2023. The Governors confirm that the Annual report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in 2019.

Charitable objects

The school’s principle objective is to further the education of children and young persons. The principal activity is the provision of academic education enabling our pupils to go out into the world and thrive. Intellectually, physically, and emotionally prepared for the known and unknown; eager and equipped to achieve their full potential - whatever life holds.

Our core values are:

Achievements and performance

St Wystan’s School is an independent preparatory school in Repton, Derbyshire for children from ages 4 to 11 years. Characterised by small class sizes and a friendly, family feel, the School has an excellent reputation not only academically but also for its pastoral and co-curricular provision. We are a nurturing School, with a wide offer to all pupils. St Wystan’s remains an independent entity with its own Governing Body and Head, as part of the Repton Family of Schools. As a School, we have a strong working relationship with Repton School and this has benefited our pupils. The average number of pupils throughout the academic year 2022-2023 was 72.

2022-2023 was a successful year at St Wystan’s School with some great achievements to celebrate. St Wystan’s pupils have continued to shine in many areas - the School is immensely proud of this. Form 6 pupils have had a one hundred percent success rate in their entrance examinations, with some children receiving multiple offers to their schools of choice. Pupils had seven offers of scholarships or exhibitions for September 2023.

Our academic performance data continues to be excellent. In reading, our end of year assessments shows 99% of our pupils are working at or above age-related expectations with 38% of our pupils working above age related expectations. In maths 97% of our pupils are working at or above age-related expectations, with 25% of our pupils working above age-related expectations.

Music, sports and the arts have continued to be a strong aspect of School life. There have been a number of music events over the year, including an inspiring workshop from Jess Gilham MBE and our own choir shone at the Young Voices concert in Birmingham. St Wystan’s have hosted a number of events and performances, including the Nativity play, Carols Around The Christmas Tree, Harvest Festival and Christingle services, and the St Wystan’s Day service at St Wystan’s Church. The Prep performance of ‘Midsummer Nights Dream’ was a huge success and a true showcase of talent at St Wystan’s.

This year, our sport has been another great example of our pupils’ enthusiasm and hard work. We have taken part in over 32 fixtures throughout the year, qualifying for three different national events. Achievements include, three silver medals at the ISA Swimming Nationals, four pupils gaining places at the ESSA National Swimming Team Finals and a finalist in the ISA National Cross-Country Finals. Wystan’s also held the first Year 2 Multi Sports Festival this year, welcoming over fifty pupils from local schools to join in an afternoon of competition and fun. Along with our busy external sports calendar, our year concluded with an exciting swimming gala and nailbiting sports day. In addition, we have also partnered with the South Derbyshire Active Sports Partnership to

Page 3

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Governors' Report (continued) For the year ended 31 August 2023

deliver sport activities during the School's lunchtime and after School. For our small school, we have encountered huge sporting success this year of which we are most proud.

Charitable fundraising and Corporate Donations

Fundraising has continued to be strong, and is operated by The Friends of St Wystan's, alongside the dedicated staff as well as our ever popular Charity Ambassadors Club. Fundraising activities and events this year have included, Children in Need, pupil discos, Sports Day refreshments, the parent and staff quiz, Charity Art Sale for local Ukrainian families, Break the Rules Day to aid The Red Cross, Red Nose Day, Pyjama Day to raise funds to local animal charities and the Summer Fayre.

Financial review

The statement of financial activities shows total income of £792,618 (2022: £807,343) a decrease of £14,725.

Overall expenditure at £792,528 (2022: £806,392) was down £13,864 on prior year due to lower staff costs.

The school made a net surplus of £90 (2022: £951).

The Governors estimate that the attendance of 75 pupils at the School saved the public approximately £476,000 based on an average cost per maintained school place of £6,350 per annum. The Governors are pleased to note the high achievement of pupils, as they consider this to be a particular benefit to the public.

Reserves policy

As at 31 August 2023, the charity's reserves stood at £13,146 (2022: £13,056).

Reserves need to be maintained at a sufficient level to enable the charity to achieve its future educational goals and safeguard the Charity's assets.

The trustees are aware of the need to continue to increase future reserves and have therefore set a budget to reflect this for the 2023/24 academic year.

Going concern

Costs are continually being monitored and have been reduced where possible. Forecast results for the year ended 31 August 2024 show the school should make a small surplus before deprecation is charged.

Sensible expenditure on ongoing maintenance of the school continues, with classroom upgrades to ensure a safe and attractive learning and work environment for staff and pupils. School operation continues to receive support from Repton.

After making appropriate enquiries, the Governors have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Structure, governance and management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The school is part of the Repton family.

Page 4

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Governors' Report (continued) For the year ended 31 August 2023

Recruitment and appointment of Governors

Up to five Governors are co-opted and up to two of those must be a charity trustee of the member or a Director of an entity in the Repton Group. Care is taken with the appointment of Governors to ensure they bring other relevant professional skills to the school including education, finance, property, and legal expertise. Each Governor serves for renewable term of five years.

Induction and training of Governors

On appointment Governors are briefed by the Chairman of Governors and receive written information explaining the corporate organisation and copies of the constitutional documents. They are given the opportunity to tour the School and to spend time with the Head. They are encouraged to visit the School to meet the staff and pupils, and are invited to School events.

Details of training run by the Governing Bodies Association are circulated to Governors. To encourage their attendance, funding is provided for those who wish to attend.

Organisational structure

The Board of Trustees appoints the Head who in turn appoints the staff for the school. The Senior Leadership team comprises the Head, Deputy Head and Operations Manager. Together with support from various departments at Repton. This team are responsible for the day-to-day running of the school. The director of the Repton family of schools sits on the Governing Body of the school.

A scheme of delegation is in place which sets out the roles and responsibilities of the Executive team and those of the Governing Body. Operating and service agreements set out the relationship between and support available from Repton.

The arrangement for setting remuneration packages of key management personal and other staff takes the form of an annual review performed by the finance committee which will in turn be approved by the Trustees. The review where applicable is guided in part by the NASUWT main scale rates for teachers.

The Trustees have a duty to identify and review the risks to which the school is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by order of the members of the board of Governors and signed on their behalf by:

M Pallot

Date: 26 January 2024

Page 5

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Independent Auditors' Report to the Members of St. Wystan's School

Opinion

We have audited the financial statements of St. Wystan's School (the 'charity') for the year ended 31 August 2023 which comprise the Statement of financial activities, the Balance sheet, and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Governors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Governors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Governors are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 6

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Independent Auditors' Report to the Members of St. Wystan's School (continued)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Governors' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Governors' responsibilities statement, the Governors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Governors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Governors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Governors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Charity and industry in which it operates, we also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. Audit procedures performed by the engagement team included:

Page 7

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Independent Auditors' Report to the Members of St. Wystan's School (continued)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Wayne Thomas ACA (Senior Statutory Auditor)

for and on behalf of

Bates Weston Audit Ltd

Statutory Auditors Chartered Accountants The Mills Canal Street Derby DE1 2RJ

20 February 2024

Page 8

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) For the year ended 31 August 2023

Note
Income from:
Charitable activities
2
Total income
Expenditure on:
Charitable activities
3
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
792,618
792,618
792,528
792,528
90
13,056
90
13,146		 Total
funds
2023
£
792,618
792,618
792,528
792,528
90
13,056
90
13,146		 Total
funds
2022
£
807,343
807,343
806,392
806,392
951
12,105
951
13,056

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 11 to 20 form part of these financial statements.

Page 9

ST. WYSTAN'S SCHOOL

(A company limited by guarantee) Registered number: 00880309

Balance Sheet As at 31 August 2023

Note
Fixed assets
Tangible assets
8
Current assets
Stocks
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
11
Total net assets
Charity funds
Unrestricted funds
12
Total funds		 4,830
91,544
178,114
274,488
(321,256)		 2023
£
79,914
79,914
(46,768)
33,146
(20,000)
13,146
13,146
13,146		 7,469
117,823
144,942
270,234
(330,661)		 2022
£
88,733
88,733
(60,427)
28,306
(15,250)
13,056
13,056
13,056

The Governors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Governors and signed on their behalf by:

M Pallot

Date: 26 January 2024

Page 10

(A company limited by guarantee)

ST. WYSTAN'S SCHOOL

Notes to the Financial Statements For the year ended 31 August 2023

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

St. Wystan's School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The School’s Governors are its only Members however the School is considered to be part of the group headed by Sir John Port’s Charity. The School has taken advantage of the exemption contained within the Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of the group, other than as normally disclosed in the notes to the financial statements.

The School has also taken advantage of the exemption to prepare a cash flow statement.

1.2 Going concern

The School meets its day-to-day capital requirements through the close management of its cashflow from operations and utilising banking facilities. The School is experiencing pressure on pupil numbers which is being addressed through a change in the senior management team. The Governors of Sir John Port’s Charity have confirmed reasonable support will be available from the wider group, as may be required, whilst the new leadership direction comes into effect. The Governors therefore consider it is appropriate for the accounts to be prepared on a going concern basis.

1.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Fees receivable and charges for services and for the use of premises are recognised and accounted for in the period in which the service is provided. The School invoices pupils termly in advance and the income relating to these invoices is deferred until the start of the term to which they relate. Fees receivable are stated after deducting allowances, scholarships and other remissions allowed by the School.

Donations, grants and other forms of voluntary income are recognised and accounted for when received or when contractual obligation to pay arises. Donations subject to specific wishes of the donors are carried to relevant restricted funds, or to endowed funds where the amount is required to be held as capital. Donations received for the general purpose of the School are credited to unrestricted funds.

1.4 Expenditure

Expenditure is accounted for on an accruals basis. Overheads and other costs not directly attributable to particular functional; activity categories are apportioned over the relevant categories on the basis of management estimates of the amount attributable to that activity in the year, either by reference to staff time or space occupied, as appropriate. The irrecoverable element of VAT is

Page 11

(A company limited by guarantee)

ST. WYSTAN'S SCHOOL

Notes to the Financial Statements For the year ended 31 August 2023

1. Accounting policies (continued)

1.4 Expenditure (continued)

included with the item of expense to which it relates.

Governance costs comprise the cost of running the School, including the external audit, any legal advice and all costs of complying with constitutional and statutory requirements, such as the costs of Board and Committee meetings and of preparing statutory accounts and satisfying public accountability.

All educational supplies are written off in the year of purchase.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

1.5 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1.6 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Deprecation is not charged in the year of purchase.

Depreciation is provided on the following bases:

Freehold property - 2% to 10% on cost - Teaching equipment 13% on reducing balance Office equipment - 33% on cost

1.7 Pensions

Eligible employees are enrolled in the Aviva Pension Trust for Independent Schools, a defined contribution scheme. All other school staff members are eligible for membership to defined contribution schemes. Contributions payable are charged to the Statement of Financial Activities in the period to which they relate.

1.8 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Governors in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Page 12

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Notes to the Financial Statements For the year ended 31 August 2023

2. Income from charitable activities

Unrestricted
funds
2023
£
School fees receivable
747,598
Other educational charitable activities
45,020
792,618
Total 2022
807,343
School fees receivable
Gross fees
Less: Total remissions, scholarships and bursaries		 Total
funds
2023
£
747,598
45,020
792,618
807,343
2023
£
808,582
(60,984)
747,598		 Total
funds
2022
£
793,269
14,074
807,343
2022
£
895,179
(101,910)
793,269

3. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2023
£
Teaching
690,300
Support and governance
102,228
792,528
Total 2022
806,392		 Total
2023
£
690,300
102,228
792,528
806,392		 Total
2022
£
708,314
98,078
806,392

Page 13

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Notes to the Financial Statements For the year ended 31 August 2023

3. Analysis of expenditure on charitable activities (continued)

Summary by expenditure type

Teaching
Support and governance
Total 2022		 Staff costs
2023
Depreciation
2023
£
£
558,591
8,776
37,696
-
596,287
8,776
632,133
15,154		 Other costs
2023
£
122,933
64,532
187,465
159,105		 Total
2023
£
690,300
102,228
792,528
806,392		 Total
2022
£
708,314
98,078
806,392

4. Auditors' remuneration

2023 2022
£ £
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts 3,900 3,780
Fees payable to the Charity's auditor in respect of:
All non-audit services not included above 1,950 1,890

5. Staff costs

Wages and salaries
Social security costs
Contribution to pension schemes		 2023
£
500,202
32,836
63,249
596,287		 2022
£
542,413
40,294
49,426
632,133

Wages and salaries includes redundancy and termination payments totalling £nil (2022: £17,877), which were fully paid during the year.

Page 14

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Notes to the Financial Statements For the year ended 31 August 2023

5. Staff costs (continued)

The average number of persons employed by the Charity during the year was as follows:

2023
No.
Teaching staff
19
Assistants, domestic & catering
10
Management & administration
1
30
No employee received remuneration amounting to more than £60,000 in either year.		 2022
No.
20
10
2
32

The aggregate remuneration and benefits received by key management personnel was £145,982 (2022 - £131,614).

6. Governors' remuneration and expenses

During the year, no Governors received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 August 2023, no Governor expenses have been incurred (2022 - £NIL) .

7. Intangible assets

Cost
At 1 September 2022
At 31 August 2023
Amortisation
At 1 September 2022
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022		 Software
£
5,460
5,460
5,460
5,460
-
-

Page 15

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Notes to the Financial Statements For the year ended 31 August 2023

8. Tangible fixed assets

Cost
At 1 September 2022
Disposals
Transfers between classes
At 31 August 2023
Depreciation
At 1 September 2022
Charge for the year
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022
Debtors
Due within one year
Fee debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 Freehold
property
£
277,655
-
-
277,655
211,588
-
211,588
66,067
66,067		 Teaching
equipment
£
101,658
(43)
(7,814)
93,801
82,820
5,057
87,877
5,924
18,838		 Office
equipment
£
37,418
-
7,814
45,232
33,590
3,719
37,309
7,923
3,828
2023
£
84,932
-
45
6,567
91,544		 Total
£
416,731
(43)
-
416,688
327,998
8,776
336,774
79,914
88,733
2022
£
97,361
176
-
20,286
117,823

9. Debtors

Page 16

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Notes to the Financial Statements For the year ended 31 August 2023

10. Creditors: Amounts falling due within one year

Refundable deposits
Trade creditors
Amounts owed to group undertakings
Other creditors
Other taxation and social security
Fees in advance
Accrued expenses
Deferred income at 1 September 2022
Resources deferred during the year
Amounts released from previous periods		 2023
£
1,500
11,168
14,598
9,437
13,914
251,418
19,221
321,256
2023
£
242,635
251,418
(242,635)
251,418		 2022
£
2,750
21,873
28,340
11,090
12,354
242,635
11,619
330,661
2022
£
264,423
242,635
(264,423)
242,635

Deferred income relates to fees in advance.

11. Creditors: Amounts falling due after more than one year

2023 2022
£ £
Refundable deposits 20,000 15,250

Repayment of refundable deposits is due on the child leaving the school, net of any charges outstanding. No interest is due on these balances.

Page 17

ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Notes to the Financial Statements For the year ended 31 August 2023

12. Statement of funds

Statement of funds - current year
Unrestricted funds
General Funds
Statement of funds - prior year
Unrestricted funds
General Funds		 Balance at 1
September
2022
£
13,056
Balance at
1 September
2021
£
12,105		 Income
£
792,618
Income
£
807,343		 Expenditure
£
(792,528)
Expenditure
£
(806,392)		 Balance at
31 August
2023
£
13,146
Balance at
31 August
2022
£
13,056
13.
Summary of funds
Summary of funds - current year
General funds
Summary of funds - prior year
General funds		 Balance at 1
September
2022
£
13,056
Balance at
1 September
2021
£
12,105		 Income
£
792,618
Income
£
807,343		 Expenditure
£
(792,528)
Expenditure
£
(806,392)		 Balance at
31 August
2023
£
13,146
Balance at
31 August
2022
£
13,056

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ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Notes to the Financial Statements For the year ended 31 August 2023

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
79,914
Current assets
274,488
Creditors due within one year
(321,256)
Creditors due in more than one year
(20,000)
Total
13,146		 Total
funds
2023
£
79,914
274,488
(321,256)
(20,000)
13,146

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2022
£
88,733
270,234
(330,661)
(15,250)
13,056		 Total
funds
2022
£
88,733
270,234
(330,661)
(15,250)
13,056

15. Pension commitments

The School contributes to certain defined contribution pension schemes. Teaching staff are eligible to join the Aviva Pension Trust for Independent Schools. The total cost to the School was £54,893 (2022 - £44,650), which represents the contributions made by the School to this scheme. At 31 August 2023, £4,751 (2022 - £5,772) of pension contributions were due to the pension scheme.

Non-teaching staff are eligible to join the NEST Auto Enrolment Scheme. The total cost to the School was £8,356 (2022 - £4,776), which represents the contributions made by the School to this scheme. At 31 August 2023, £710 (2022 - £672) of pension contributions were due to the pension scheme.

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ST. WYSTAN'S SCHOOL

(A company limited by guarantee)

Notes to the Financial Statements For the year ended 31 August 2023

16. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

17. Related party transactions

The children of the elected trustees who attended St. Wystan's School are charged fees and receive remissions at the normal rate as for all other children.

There were no other related party transactions during the year.

18. Controlling party

The School’s Governors are its only Members however the School is considered to be part of the group headed by Sir John Port’s Charity. Copies of the consolidated financial statements of Sir John Port's Charity are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF4 3UZ.

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