##
|`Contents`||
|---|---|
||`Page`|
|`Trustees,officersandadvisers`|`1-2`|
|`AnnualReportoftheTrusteesincludingtheStrategicReport`|`3-12`|
|`IndependentAuditor’sReport`|`13-16`|
|`StatementofFinancialActivities`|`17`|
|`BalanceSheet`|`18`|
|`CashFlowStatement`|`19`|
|`NotestotheFinancialStatements`|`20-35`|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
#
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
**----- Start of picture text -----**
Date:
**----- End of picture text -----**
##
||`Note`|`Unrestricted`
`funds`
`£`||`Restricted`
`funds`
`£`|`2023`
`Total`
`£`|`2022`
`Total`
`£`|
|---|---|---|---|---|---|---|
|`Incomefrom:`|||||||
|`Charitableactivities`|||||||
|`Schoolfeesreceivable`|`2`|`7,067,785`||`-`|`7,067,785`|`6,586,730`|
|`Investmentincome`|`3`|`84,110`||`-`|`84,110`|`96,939`|
|`Donationsandlegacies`|`4`|`390`||`5,000`|`5,390`|`5,654`|
|`Otherincome`||`79,395`||`-`|`79,395`|`58,354`|
|`Totalincoming`|||||||
|`resources`||
`7,231,680`||
`5,000`|
`7,236,680`|
`6,747,677`|
|`Expenditureon:`|||||||
|`Charitableactivities`
`Educationandgrant`
`making`|`5`|`7,805,729`||`5,000`|`7,810,729`|`6,911,697`|
|`Costsofgeneratingfunds`|||||||
|`Investmentmanagement`|||||||
|`fees`||`16,930`||`-`|`16,930`|`19,753`|
|`Totalexpenditure`||
`7,822,659`||
`5,000`|
`7,827,659`|
`6,931,450`|
|`Netincomebefore`|||||||
|`investmentgains`||`(590,979)`||`-`|`(590,979)`|`(183,774)`|
|`Investment{(losses}/gains`|`9`|`(55,235)`||`-`|`(55,235)`|`(181,857)`|
|`Netincome/(outgoings)`||
`(646,214)`||
`-`|
`(646,214)`|
`(365,631)`|
|`Losses/Gainson`
`revaluationofinvestment`|||||||
|`properties`||`-`||`-`|`-`|`275,000`|
|`Netmovementinfunds`||
`(646,214)`||
`-`|
`(646,214)`|
`(90,631)`|
|`Fundbalancesbrought`|||||||
|`forward`||`8,365,968`||`“`|`8,365,968`|`8,456,599`|
|`Fundbalancescarried`|||||||
|`forward`||`7,719,754`
|`_`
|`--_7,719,754`
||`8,365,968`
|
##
|||`2023`|`2022`|
|---|---|---|---|
|`Fixedassets`|`Note`|`£`|`£`|
|`Tangibleassets`
`Investmentproperties`
`Securitiesinvestments`|`7`
`8`
`9`|`5,010,911`
`1,190,000`
`1,794,074`|`5,158,306`
`2,110,000`
`1,985,406`|
|||
`7,994,985`|
`9,253,712`|
|`Currentassets`||||
|`Stock`
`Debtors`
`Cashatbank`|`10`
`11`|
`9,500`
`253,936`
`1,877,343`|
`9,500`
`184,459`
`1,306,211`|
|||
`2,140,779`|
`1,500,170`|
|`Currentliabilities`||||
|`Creditorspayablewithinoneyear`
`Netcurrentliabilities`|`12`|
`(2,416,010)`
`(275,231)`|
`(2,387,915)`
`(887,745)`|
|`Totalassetslesscurrentliabilities`||
`7,719,754`|
`8,365,968`|
|`Netassets`||
`7,719,754`|
`8,365,968`|
|`Representedby:`||||
|`Unrestrictedfunds`||||
|`Revaluationreserve`
`Generalreserve`
`Totalfunds`|`18`
`15`|
`553,783`
`7,165,971`
`7,719,754`|
`751,347`
`7,614,621`
`8,365,968`|
##
|`Netcashprovidedby`|`Note`|`2023`
`£`|
`£`||`2022`
`£`|`£`|
|---|---|---|---|---|---|---|
|`operatingactivities`|`(i)`||`(310,593)`||`(43,401)`||
|`Cashflowsfrominvesting`|||||||
|`activities`|||||||
|`Remittedinvestmentincome`
`Capitalexpenditure`
`Proceedsonsaleofinvestment`
`property`||`203,277`
`(228,761)`
`907,209`
`7`||`272,864`
`(243,604)`|
`-`||
|`Netcashprovidedbyinvesting`
`activities`|||`881,725`||`29,261`
`—_—`||
|`Increase/(decrease)incash`
`intheyear`|||`571,132`||`(14,140)`||
|`Netfunds1 September2022`|||`1,306,211`||`1,320,351`||
|`Netfundsat31August2023`|||`1,877,343`||`1,306,211`||
|`(i}`
`Reconciliationofnetincomingresourcestonetcashflowfromoperations`|||||||
|||`2023`|||`2022`||
|`Netincome/(deficit)`
`Investmentlosses/(gains)`
`Investmentincome`
`Financecosts`
`Depreciationcharge`
`Increase/ (decrease)inprovisions`
`Lossondisposaloffixedassets`
`Lossondisposalofinvestmentproperty`
`(Increase}/decreaseindebtors`
`Increase/(decrease)increditors`||`£`
`55,235`
`(84,110)`
`16,930`
`376,156`
`-`
`;`
`-`
`12,791`
`{69,477}`
`28,096`|`£`
`(646,214)`|`£`
`181,857`
`(96,939)`
`19,753`
`238,763`
`(385,082)`
`14,178`
`:`
`11,491`
`324,328`|
`£`
`(351,750)`
||
|`Netcashinflow/({outflow)from`
`operations`|||`(310,593)`||`{43,401}`||
|`(ii)`
`Analysisofnetdebt`|||||||
|||`2022`|||`2023`||
|||`£`||`£`|`£`||
|`Cashandcashequivalents`||`1,306,211`
|`971,132`
||`___1,877,343`|`|`|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|`Qa`|`Charitableactivities- feesreceivable`|||
|---|---|---|---|
|||`2023`|`2022`|
|||`£`|`£`|
||`Schoolfees`
`Scholarships,bursariesandotherremissions`|`7,648,332`
`(580,547)`|`7,222,522`
`{635,792}`|
|||
`7,067,785`
|
`6,586,730`
|
|`3.`|`Investmentincome`|||
|||`2023`|`2022`|
|||`£`|`£`|
||`Interestreceived`|`126`|`86`|
||`Rentalincome`
`Dividendsfrominvestmentportfolio`|`38,150`
`45,834`|`47,780`
`49,073`|
|||
`84,110`|
`96,939`|
|`4.`|`Donationsandlegacies`|||
|||`2023`|`2022`|
|||`£`|`£`|
||`Governmentgrant`|`-`|`414`|
||`Sundrydonations`|`5,390`|`5,240`|
|||
`5,390`
|
`5,654`
|
|`5.`|`Analysisofexpenditure`|||||
|---|---|---|---|---|---|
|`(aj`|`Totalexpenditure`|||||
||`2023`|`Staffcosts`
`{note6)`
`£`|`Depreciation`
`{note7)`
`£`|`Other`
`£`|`Total`
`2023`
`£`|
||`Charitable`|||||
||`expenditure`
`Educationandgrantmaking`
`Teaching`
`5,562,326`
`Premisescosts`
`~`
`Motorexpenses`
`~`
`Supportcosts`
`-`
`Total`
`5,562,326`
||`173,111`
`203,045`
`-`
`-`
`376,156`
|`348,729`
`1,025,021`
`157,369`
`341,127`
`1,872,246`
|`6,084,166`
`1,228,066`
`157,369`
`341,127`
`7,810,728`
|
||`2922`|`Staffcosts`
`{note6)`
`£`|`Depreciation`
`{note7)`
`£`|`Other`
`£`|`Total`
`2022`
`£`|
||`Charitable`|||||
||`expenditure`|||||
||`Educationandgrantmaking`
`Teaching`
`5,180,495`
`Premisescosts`
`-`
`Motorexpenses`
`.`
`Supportcosts`
`-`
`Total`
`5,180,495`
||`45,737`
`193,026`
`-`
`-`
`238,763`
|`251,133`
`771,991`
`164,746`
`304,569`
`1,492,439`
|`5,477,365`
`965,017`
`164,746`
`304,569`
`6,911,697`
|
##
||`2023`|`2022`|
|---|---|---|
|`Theaggregatepayrollcostsfortheyearwereasfollows:`
`Wagesandsalaries`
`Socialsecuritycosts`
`Otherpensioncosts`
|`£`
`4,345,851`
`429,743`
`786,732`
|`£`
`4,044,023`
`410,078`
`726,394`
|
|
|
`5,562,326`
|
`5,180,495`
|
|
`Includedintheabovewereterminationpaymentstotalling£nil`|
`(2022:£11,721).`||
|
`Aggregateemployee-benefitsofkeymanagementpersonnel`|
`510,483`|
`507,396`|
|`Numberofhigherpaidemployeesinbandsof:`
`£60,001to£70,000`
`£70,001to£80,000`
`£80,001to£90,000`
`£100,001to£110,000`|
`2023`
`4`
`-`
`1`
`1`|
`2022`
`4`
`-`
`1`
`1`|
|`Thenumberwithretirementbenefitsaccruingindefinedbenefit`
`schemeswas:`|
`5`|`5`|
|`ofwhichthecontributionsamountedto`|`91,682`
|`90,924`
|
|`Teaching`
`Support`|`staff`
`staff`|
`2023`
`100`
`21`|
`2022`
`99`
`20`|
|---|---|---|---|
|||
`121`
|
`119`
|
|`StJohn’sCollegeLimited`|`Notestothefinancialstatements`|`Fortheyearended31August2023`|`7.`
`Tangiblefixedassets`
|`Freehoid`
`landand`
`buildings`
`Motor`
`velticles`
`Office`
`furniture`
`and`
`equipment`
`Computers,`
`musical`
`instruments`
`and`
`Leasehald`
`Improve-`
`ments`
`AssetsUnder`
`Construction`
`Total`|`educational`|`equipment`|`£`|`Costordeemedcost`|`At1 September2022`
`Additions`
`6,661,327`
`33,354`
`78,130`
`891,913`
`16,987`
`1,682,809`
`103,975`
`143,060`
`74,445`
`9,460,623`
`228,761`
`6,694,681`
`78,130`
`908,900`
`1,786,784`
`217,505`
`9,689,384`
|`Depreciation`|`At1 September2022`
`Chargefortheyear`
`1,847,084`
`137,073`
`78,130`
`842,103`
`44,222`
`1,520,694`
`173,111`
`14,306`
`21,750`
`4,302,317`
`376,156`
`1,984,157`
`78,130`
`886,325`
`1,693,805`
`36,056`
`4,678,473`
`Netbookvalue`|
`At31August2023`
`4,710,524`
`22,575`
`92,979`
`181,449`
`5,010,911`
|
`At 31August2622`
`4,814,243`
`49,810`
`162,115`
`128,754`
`5,158,306`
|`Alltangiblefixedassetsareheldforuseoncharitableactivities.Freeholdlandandbuildings includes£187,500(2022:`
`depreciated.`
`£187,500)oflandwhichisnot`
`t&`|`27`|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
##
||`2023`|`2022`|
|---|---|---|
||`£`|`£`|
|`Valueat1 September2022`|`2,110,000`|`1,835,000`|
|`Disposal`|`(920,000)`|`-`|
|`Movementsinmarketvalue`|`-`|`275,000`|
|`Valueat31August2023`|
`1,190,000`
|
`2,110,000`
|
|`Valueat1 September2023`
`{nvestmentsdisposedof`
`incomereinvested`
`investmentmanagersfees`
`Fairvalue(loss)/gain`
`Valueat31August2023`|
`2023`
`£`
`1,985,406`
`(164,997)`
`49,056`
`(16,930)`
`(58,461)`
`1,794,074`
|
`2022`
`£`
`2,362,941`
`(225,000)`
`49,074`
`(19,759)`
`(181,840)`
`1,985,406`
|
|---|---|---|
##
||`2023`|`2022`|
|---|---|---|
|`Fixedinterest`
`Equities`
`Alternativeassets:`|`£`
`346,475`
`1,122,725`|`£`
`293,317`
`1,250,458`|
|`Hedgefunds`
`Propertyfunds`|`167,372`
`80,751`|`212,731`
`124,928`|
|`Cash`|
`1,717,324`
`76,750`|
`1,881,434`
`103,972`|
|`Vetal`|
`1,794,074`
|
`1,985,406`
|
##
|||`2023`|`2022`|
|---|---|---|---|
|||`£`|`£`|
||`Stocksofschoolrequisites`|
`9,500`|
`9,500`|
|`11.`|`Debtors`|||
|||`2023`|`2022`|
|||`£`|`£`|
||`Tradedebtors`
`Otherdebtorsandprepayments`|`169,374`
`84,562`|`108,782`
`75,679`|
||
`253,936`
`184,461`
`Includedwithindebtorsisa balanceof£46,208(2022:£18,486)whichisdueingreater`
`than1 year.`|||
##
||`2023`|`2022`|
|---|---|---|
||`£`|`£`|
|`Tradecreditors`
`Socialsecurityandothertaxation`
`Accruais`
`Deferredschoolfees(seenote13)`|
`81,073`
`103,428`
`131,995`
`2,099,514`|
`271,020`
`116,098`
`118,504`
`1,882,292`|
||
`2,416,010`
|
`2,387,914`
|
##
||`2023`|`2022`|
|---|---|---|
|`Withinoneyear`|`2,099,514`
|`£`
`1,882,292`
|
|`Amountsduewithinoneyearrelatedtofeespaidbeforethe1 Septemberdeadlineforthe`
`forthcomingterm.`|||
|`nalysisofnetassetsbetweenfunds`|||
|---|---|---|
||`2023`|`2022`|
||`Unrestricted`|`Unrestricted`|
|`Tangiblefixedassets`
`Propertyinvestments`
`Securitiesinvestments`
`Currentassets`
`Cashandcashequivalents`
`Creditorsdue< 1 year`|
`£`
`5,010,911`
`1,190,000`
`1,794,074`
`263,436`
`1,877,343`
`(2,416,010)`|
`£`
`5,258,306`
`2,110,000`
`1,985,406`
`193,959`
`1,306,211`
`(2,387,914)`|
||
`7,719,754`
|
`8,365,968`
|
##
|`Unrestrictedfunds`
`Balanceat1 September2022`
`Deficitfortheyear`
`Realisedrevaluationsurplus`
`Balanceat31August2023`|
`Revaluation`
`reserve`
`£`
`751,347`
`-`
`(197,564)`
`553,783`|
`General`
`reserve`
`£`
`7,614,621`
`(646,214)`
`197,564`
`7,165,971`|
`|`|
`Total`
`£`
`8,365,968`
`(646,214)`
`-`
`7,719,754`|
|---|---|---|---|---|
##
|`Restrictedfunds`|`Balanceat1`
`September`
`2022`|
|`Incoming`
`donations`|`Other`
`resources`
`expended`|`Balanceat`
`31August`
`2023`|
|---|---|---|---|---|---|
|`Choirdonationsandgifts`||`-`
|`5,000`
|`(5,000)`
|`-`
|
##
##
||`2023`
`£`|`2022`
`£`|
|---|---|---|
|`Revaluationreservebroughtforward`
`investment`
`Realisedrevaluationsurplus`
`Revaluationreservecarriedforward`|
`751,347`
`-`
`(197,564)`
`553,783`
|
`483,911`
`275,900`
`(7,564)`
`751,347`
|
##
##
##
##
||`2023`|`2022`|
|---|---|---|
|`Withinoneyear`
`Betweenoneandfiveyears`
`Afterfiveyears`|`£`
`173,313`
`598,259`
`-`|`£`
`157,763`
`304,271`
`801`|
||
`771,572`
|
`462,835`
|
##
||`2023`||`2022`|
|---|---|---|---|
|`Withinoneyear`
`Setweenoneandfiveyears`|`£`
`26,925`|
`-`|`£`
`30,925`
`7,000`|
||
`26,925`
|
|
`37,925`
|
##
##
##
##
||`2023`|`2022`|
|---|---|---|
|`Otherprovisions`|`£`|`£`|
|||
`-`|
|`Movementinprovisions`|||
||`2023`|`2022`|
|`At1 September2022`
`Provisionrecognisedduringtheyear`
`Provisionreleasedduringtheyear`
`At 31August2023`|
`£`
`-`
`-`
`-`
|
`£`
`335,082`
`-`
`(385,082)`
`-`
|
|`24.`
`Comparativefiguresbyfundtype`||||
|---|---|---|---|
|`Yearended34August2022`
`Incomefrom:`|`Unrestricted`
`£`|`Restricted`
`£`|`Funds`
`total`
`£`|
|`Charitableactivities`
`Schoo!feesreceivable`|`6,586,730`|`-`|`6,586,730`|
|`Investmentincome`|`96,939`|`-`|`96,939`|
|`Donaticnsandlegacies`|`654`|`5,000`|`5,654`|
|`Otherincome`|`58,354`|`-`|`58,354`|
|`Totalincomingresources`|
`6,742,677`|
`5,000`|
`6,74:7,677`|
|`Expenditureon:`||||
|`Charitableactivities`||||
|`Educationandgrant-making`|`6,906,697`|`5,000`|`6,911,697`|
|`Costsof»eneratingfunds`||||
|`Investmentmanagementfees`|`19,753`|`-`|`19,753`|
|`Totalexpenditure`|
`6,926,450`|
`5,000`|
`6,931,450`|
|`Netincomebeforeinvestments`|`(183,774)`|`-`|`(183,774)`|
|`Investmentgains`|`(181,857}`|`-`|`(181,857)`|
|`Netincc-:me`|
`(365,631)`|
`-`|
`(365,631)`|
|`Gainsonrevaluationoffixedassets`|`275,000`|`-`|`275,000`|
|`Netmovementinfunds`|`(90,631)`|`-`|`(90,631)`|
|`Fundbaiancesbroughtforward`|`8,456,599`|`-`|`8,456,599`|
|`Fundbalancescarriedforward`|`8,365,968`
|`a`
|`8,365,968`|