## ## |Governors|||J LTanner (Chair)| |---|---|---|---| ||||Mrs H D Bastide (Deputy Chair)| ||||Mrs SL Bevan| ||||R P Boardman| ||||Mrs CV Brand| ||||Ms N J Collins| ||||Mrs SJ McConnell| ||||Mrs G ESiebert| ||||JFA Reynolds| |Headmaster|||FJ Llewellyn| |Bursar|||LA Stark| |Charity number|||801924| |Company|number||2411055| |Principal address||and registered office|Danehill| ||||Haywards
Heath| ||||West Sussex| ||||RH177HT| |Auditors|||TC Group| ||||The Courtyard| ||||Shoreham
Road| ||||Upper Beeding| ||||Steyning| ||||West Sussex| ||||BN44 3TN| |Bankers|||Lloyds TSBBank PLC| ||||90-101 South Road| ||||Haywards
Heath| ||||WestSussex| ||||RH194ND| |Solicitors|||Cripps LLP| ||||22 Mount Ephraim| ||||Tunbridge
Wells| ||||Kent| ||||TN8 8AS| ## ## ||||Page| |---|---|---|---| |Governors'report
(incorporating||the Strategic Report)|1| |Statement ofGovernors'
responsibilities|||| |Independent
auditors'|report||12| |Statement offinancial|activities||15| |Balance sheet|||16| |Cash flowstatement|||17| |Notes to the accounts|||18| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestdicted|Designated|Total|Total| |---|---|---|---|---|---|---| ||||funds|funds|2023|2022| |||Notes|6|6|5|5| |Income from:||||||| |Donations
and legacies|||1,728||1,728|5,630| |Other trading
activities|||115,749||115,749|81,947| |Charitable
activities||4|6,508,486||6,508,486|5,571,905| |Other income||5||||19,200| |Total income|||6,625,963||6,625,963|5,678,682| |~E*
st||||||| |Raising funds||||||| |Finance costs|||62,444||62,444|69,543| |Total cost ofraising funds|||62,444||62,444|59,543| |Charitable
activities||||||| |Education|||6,324,946||6,324,946|5,586,184| |Total expenditure|||6,387,390||6,387,390|5,655,727| |Net incomelnet|movement|in funds|238,573||238,573|22,955| |Transfer||18||||| ||||238,573||238,573|22,955| |Fund balances|at 1 September 2022||8,118,680|90,000|8,208,680|8,185,725| |Fund balances|at 31August 2023||8,357,253|90,000|8,447,253|8,208,680| ## ||||2023||2022|| |---|---|---|---|---|---|---| |||Notes||||| |Fixed assets||||||| |Tangible assets||12||9,239,005||9,294,811| |Currentassets||||||| |Debtors||13|301,750||205,323|| |Cash at bank and in|hand||1,965,402||1,933,073|| ||||2,267,152||2,138,396|| |Creditors: amounts|falling due|||||| |within one year||14|(1,930,618)||(1,760,092)|| |Net current assets||||336,534||378,304| |Total assets less current liabilities||||9,575,539||9,673,115| |Creditors: amounts
falling due
after more than one year||15||(1,128,286)||(1,464,435)| |Net assets||||8,447,253||8,208,680| |income funds||||||| |Unrestricted
funds||||8,357,253||8,118,680| |Designated
funds||18||90,000||90,000| |||||8,447,253||8,208,680| ## |||||2023||2022| |---|---|---|---|---|---|---| |||Note||||| |Cash flows from operating|activities|21||638,501||724,271| |Cash flows from investing|activities|||||| |Financing costs||6|(62,444)||(89,543)|| |Tangible fixed assets||||||| |Payments to acquire tangible|fixed assets||(273,481)||(54,381)|| |Receipts from the sale oftangible fixed assets|||||500|| |Net cash used in investing|activities|||(335,925)||(123,424)| |Net cash inflow before financing||||302,576||600,847| |Cash flows from financing|activities|||||| |Repayment
oflong term bank loan||15|(270,247)||(227,851)|| |Net cash inflow/(outflow)
from financing
activities||||(270,247)||(227,851)| |Increase
in cash||||32„329||372,998| |Cash and cash equivalents|at start ofyear|||1,933,073||1,560,077| |Cash and cash equivalents|at end ofyear|||1,965,402||1,933,073| |All cash is cash at bank and|in hand.|||||| ## ## ## ## ## ## ## ## ## ## |||2023|2022| |---|---|---|---| ||||S| |Shop|income|2,640|3,950| |Rental|income|113,109|77,582| |Other|Income||405| |||115,749|81,947| ## ## ## |6|Total expenditure|||||||| |---|---|---|---|---|---|---|---|---| ||||Staff|Depreciation||Other|Total|Total| ||||costs|||costs|2023|2022| ||||E||E|E|E|E| ||Raising funds|||||||| ||Finance costs||||||62,444|69,543| ||Total cost of raising funds|||||62,444|62,444|69,543| ||Charitable
activities|||||||| ||Education|||||||| ||Teaching||3,199,512||17,442|367,934|3,584,888|3,245,220| ||Welfare||266,247|||565,219|831,466|710,739| ||Premises||239,478||311,845|681,563|1,232,886|1,110,467| ||Finance|||||1,763|1,763|2,376| ||Support costs||476,808|||197,135|673,943|517,382| ||Total charitable|activities|4,182,045|'|329,287|1,813,614|6,324,946|5,586,184| ||Total expenditure||4, 182,045||329,287|1,876,058|6,387,390|5,655,727| ## |Support costs|Support costs|2023|2022| |---|---|---|---| |||F|| |Administrative|staff costs|476,808|389,976| |Professional fees||35,195|23,264| |Inspection costs||3,895|11,060| |Telephone||17,476|14,138| |Subscriptions||10,592|8,197| |Marketing||45,913|47,338| |Other support costs||69,880|9,946| |Governance|costs (note 8)|14,184|13,463| |||673,943|517,382| ## ||||||||||2023|2022| |---|---|---|---|---|---|---|---|---|---|---| |||||||||||6| ||Audit fees|||||||||| ||Other governance||costs —non-audit fees||||||13,500
684|11,940
1,523| ||||||||||14,184|13,463| |9|Employees|||||||||| ||Number ofemployees|||||||||| ||The average|monthly||number|ofemployees||during the year was:||2023|2022| ||||||||||Number|Number| ||Teaching staff
Non-teaching|staff|||||||80
43|80
40| ||||||||||123|120| ||The average|monthly||full-time|equivalent|number ofemployees||was:||| ||Teaching staff
Non-teaching|staff|||||||64
26|60
25| ||||||||||90|85| ||Employment|costs||||||||| ||||||||||2023|2022| ||Gross salaries|||||||||f| ||Employer'snationalinsurance
Pension costs||||||||3,421,609
310,919
449,517|3,047,647
262,291
419,873| ||||||||||4,182,045|3,729,811| |:|| |---|---| |2023|2022| |Number|Number| ## ## ## |omparative
fund|s —Statem|ent of Financi|al Activities f|or the year end|ed August|ed August|| |---|---|---|---|---|---|---|---| |||Notes|Unrestricted
funds
6|Designated|Restricted
F
d
6||Total
2022
F| |Income from:|||||||| |Donations
and legacies|||5,630||||5,630| |Other trading
activities
Charitable
activities||3
4|81,947
5,571,905||||81,947
5,571,905| |Other income||5|19,200||||19,200| |Total income|||5,678,682||||5,678,682| |~E*
)ttt|||||||| |Raising funds
Finance costs|||69,543||||69,543| |Total cost of raising funds|||69,543||||69,543| |Charitable
activities|||||||| |Education|||5,586,184||||5,586,184| |Total expenditure|||5655727||||5,655,727| |Nst income/net|movement|in funds|22,955||||22,955| |Transfer||18|19,200||(19,200)||| ||||42,155||(19,200)||22,955| |Fund balances|at 1 September 2020||8,076,525|90,000||19,200|8,185,725| |Fund balances|at 31August 2021||8,118,680|90,000|||8,208,680| ## |12|Tangiblefixedassets||||| |---|---|---|---|---|---| |||Land and|Fixtures,|Motor|Total| |||buildings|fittings|vehicles|| ||||8||| ||||6||| ||Cost||||| ||At 1 September 2022|12,282,324|1,098,462|186,314|13,567,100| ||Additions|13,642|258,541|1,298|273,481| ||At 31August 2023|12,295,966|1,357,003|187,612|13,840,581| ||Depreciation||||| ||At 1 September 2022|3,229,306|896,382|146,601|4,272,289| ||Charge for year|259,204|52,641|17,442|329,287| ||At 31August 2023|3,488,510|949,023|164,043|4,601,576| ||Net bookvalue||||| ||At 31August 2023|8,807,456|407,980|23,569|9,239,005| ||At 31August 2022|9,053,018|202,080|39,713|9,294,811| ## ||||| |---|---|---|---| |Debtors||2023|2022| |||6|5| |Trade debtors||197,477|155,994| |Otherdebtors||97,968|29,912| |Prepayments|and accrued income|6,305|22,418| |||301,750|205,323| ## |14|Creditors: amounts|falling due within one year|2023|2022| |---|---|---|---|---| ||||6|| ||Bank loans (see note|15)|166,475|249,363| ||Trade creditors||107,245|65,070| ||Taxes and social security costs||89,249|92,157| ||Feesinadvance||799,520|747,402| ||Othercreditors||558,229|481,272| ||Accruals||143,999|93,898| ||Finance lease obligation||65,901|| ||Deferred income -Advance fees payment scheme (see note 16)|||30,930| ||||1,930,618|1,760,092| ## ||2023
6|2022f| |---|---|---| |Bankloans|1,012,959|1,464,435| |Finance Lease Obligation|115,327|| ||1,128,286|1,464,435| |The finance lease is secured on the assets acquired.||| |Bank loan maturity
analysis|2023|2022f| |Debt due in one year orless (see note 14)|166,475|249,363| |In more than one year but not more than two years|173,833|256,475| |In more than two years but not more than five years|551,070|715,135| |In more than five years|288,056|492,824| ||1,179,434|1,713,798| ## ## ## |Advanc|e Fees Payment Scheme|e Fees Payment Scheme|e Fees Payment Scheme|e Fees Payment Scheme|e Fees Payment Scheme| |---|---|---|---|---|---| |Parents
subject
school,|may enter into a contract to pay to the school tuition fees in advance. The money may be returned
to specific conditions
upon
the receipt of one term's
notice. Assuming
pupils
will
remain
in the
advance fees will be applied as below.||||| |||||2023|2022| ||||||8| |Amounts|due within one year||||30,930| ||||||30,930| |The balance represents
the accrued||liability under the contracts.|The movements|during the year were:|| |Balance|as at 1 September 2022|||30,930|128,951| |Amounts|received
in year||||24,710| |Amounts|credited to pupil accounts forfees|||(30,930)|(122,731)| |Balance|as at 31August 2023||||30,930| ## ## |||||Movement|in funds||| |---|---|---|---|---|---|---|---| |||At 1
September|Income|Expenditure||Transfer|At 31August
2023| |||2022|||||| |Building|Maintenance|90,000|||||90,000| |||90,000|||||90,000| ## |21|Netcashinflowfromoperating
activities|2023
5|2022
F| |---|---|---|---| ||Reconciliation
to changes
in resources||| ||Changes
in resources
Financing costs
Depreciation
oftangible fixed assets
(Profit)/loss
on disposal oftangible fixed assets
(increase)/decrease
in debtors
increase/(decrease)
in creditors|238,573
62,444
329,287
(96,427)
104,624
638,501|22,955
59,543
325,494
(500)
53,825
242,954
724,271| ## ## |22|Analysis ofnet assets between funds|Analysis ofnet assets between funds|Unrestricted|Designated|Restricted|Total| |---|---|---|---|---|---|---| ||||funds|funds|funds|| |||||9||| ||Fund balances at
by:|31August 2023are represented||||| ||Tangible fixed assets||9,239,005|||9,239,005| ||Current assets||2,177,152|90,000||2,267,152| ||Creditors: amounts
Creditors: amounts
year|falling due within one year
falling due after more than one|(1,930,618)
(1,128,286)|||(1,930,618)
(1,128,286)| ||||8,357,253|90,000||8,447,253| ||Fund balances at|31August 2022 are represented||||| ||by:|||||| ||Tangible fixed assets||9,294,811|||9,294,811| ||Current assets||2,048,396|90,000||2,138,396| ||Creditors: amounts
Creditors: amounts
year|falling due within one year
falling due after more than one|(1,757,089)
(1,467,438)|||(1,757,089)
(1,467,438)| ||||8,118,680|90,000||8,208,680| ## |At 31 August 2023 the company
had total commitments|under non-cancellable
operating
leases|as follows:| |---|---|---| ||2023|2022| ||E|t:| |Expiry date:||| |Within one year|53,163|39,360| |Between one and two years|42,491|37,560| |Between two and five years|15,684|46,008| ||111,338|122,928| ## ##