|||Page|| |---|---|---|---| |Rcfcrcncc and Administrative
Details|||| |Report ofthe Trustees|2|to|11| |Report ofthe Independent
Auditors|12|to|14| |Statement ofFinancial Activities||15|| |Balance Sheet||16|| |Cash Floiv Statement||17|| |Notes to the Cash Flo&v Statement||18|| |Notes to the Financial Statements|19|to|31| |Detailed Statement ofFinancial
Activities|32|to|33| |TRUSTEES||Ms SJCorbctt Senior Pbs|Clinician|Clinician|Clinician|| |---|---|---|---|---|---|---| |||Mr S Fussey Retired Company||Director||| |||Ms R EJones Rctircd School Assistant||||Principal| |||Mr M R Lakin Retired||||| |||Dr RW Lycett Retired||||| |||Ms J A Wake Retired Registered|||Care Manager|| |||Mr C I Wells Retired Chaitcrcd|||Accountant|| |||Ms M LCornick (resigned|16.12.22)|||| |REGISTERED|OFFICE|The Loddon School Wildmoor||Lane||| |||Sherfield-On-Loddon||||| |||Hook||||| |||Hampshire||||| |||RG27 OJD||||| |REGISTERED|COMPANY|02448785 (England
and Wales)||||| |NUMBER||||||| |REGISTERED|CHARITY|802188||||| |NUMBER||||||| |AUDITORS||Shccn Stickland||||| |||Chartered
Accountants||||| |||Statutory
Auditors||||| |||2 Oriel Court||||| |||Omega Park||||| |||Alton||||| |||Hampshire||||| |||GU34 2YT||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||2022-23|2021-22| |---|---|---|---|---| |Total Funds
Less:|||f.I4,634,628|1'14,333,559| |Invested
in fixed assets|||f.8,823,033|f.8,925,767| ||||K5,811,595|Z5,407,792| |Reserves of3 months
Dcsignatcd
horticultural|fund||55,811,595
f.1,984,595
KO|f,5,407,792
C2,090,000
K7,970| |Designated
buihling
fund|||X3,800,000|f.3,267,822| |Cilplt'll
cxpctlditul c|||f.27,000|I.'42,000| |Funds availablc
for charitable||purposes|S,O|S,O| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||funds|fund|funds|funds| |||Notes||||| |INCOME AND ENDOWMENTS FROM
Charitable
activities||4|8,649,659|28,055|8,677,714|8,647,508| |Investment
income
Other income||5|79,650
2,300||79,650
2,300|136,340
636,548| |Total|||8,731,609|28,055|8,759,664|9,420,396| |EXPENDITURE ON||||||| |Charitable
activities
Operations ofthc school
Training
and workshops|||7,679,374
686,847|28,000|7,707,374
686,847|7,248, 164
546,118| |Total|||8,366,221|28,000|8,394,221|7,794,282| |Net gains/(losses)
on invcstmcnts|||(64,374)||(64,374)|104,365| |NET INCOIVIE|||301,014|55|301,069|1,730,479| |RECONCILIATION
OF FUNDS
Total funds brought
fonvard|||14,333,479|80|14,333,559|12,603,080| |TOTAL FUNDS CARRIED FORWARD|||14,634,493|135|14,634,628|14,333,559| |||2023|2022| |---|---|---|---| ||Notes||| |FIXEDASSETS|||| |Tangible assets
Investments|12
13|7,387,472
1,435,561|7,425,832
1,499,935| |||8,823,033|8,925,767| |CURRENT ASSETS|||| |Debtors
Investments
Cash at bank and in hand|14
15|1,999,945
505,003
5,773,315|1,960,305
504,984
5,315,209| |||8,278,263|7,780,498| |CREDITORS|||| |Amounts
falling due within one year|16|(2,466,668)|(2,372,706)| |NET CURRENT ASSETS||5,811,595|5,407,792| |TOTAL ASSETSLESSCURRENT|||| |LIABILITIES||14,634,628|14,333,559| |NET ASSETS||14,634,628|14,333,559| |FUNDS|19||| |Unrestricted
funds
Restricted
funds||14,634,493
135|14,333,479
80| |TOTAL FUNDS||14,634,628|14,333,559| ## ## |||2023|2022| |---|---|---|---| ||Notes||| |Cash flows from operating
activities
Cash gencratcd
from operations||657,084|937,992| |Nct cash provided
by operating
activities||657,084|937,992| |Cash flows from investing
activities
Purchase oftangible
fixed assets
Sale oftangible
fixed assets
Current asset investment
movcmcnt
Interest received||(224,179)
2,300
(19)
22,920|(302,182)
1,048,470
(19)
9,594| |Nct cash (used in)/provided
by investing|activities|(198,978)|755,863| |Change in cash and cash equivalents
thc reporting
period|in|458,106|1,693,855| |Cash and cash equivalents
at the
beginning
ofthe reporting
period||5,315,209|3,621,354| |Cash and cash equivalents
at the end
thc reporting
period|of|5,773,315|5,315,209| ## ## |||2023|2022| |---|---|---|---| |Net income for the reporting|period (as per the Statement ofFinancial||| |Activities)
Adjustments
for-.||301 069|1,730,479| |Dcprcciation
charges
Losses/(gain)
on investments
Profit on disposal offixed assets
Interest received
Increase in debtors
Increase/(decrease)
in creditors||262,539
64,374
(2,300)
(22,920)
(39,640)
93,962|266,970
(104,365)
(635,493)
(9,594)
(125,210)
(184,795)| |Net cash provided
by operations||657,084|937992| |ANALYSIS OF CHANGES|IN NFT FUNDS||| ||Ai 1.4.22|Cash flow|At 31.3.23| |Net cash|||| |Cash at bank and in hand|5,315,209|458,106|5,773,315| ||5,315,209|458,106|5,773,315| |Liquid resources|||| |Deposits included
in cash|||| |Current
asset invcstmcnts|504,984|19|505,003| ||504,984|19|505,003| |Total|5,820,193|458,125|6,278,318| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Income analyscd
by class ofbusiness:|2023|2022| |---|---|---| |Chari table activi ties||| |Operations ofthe School
Training
and workshops
Donations|7,917,127
726,251|7,828,650
740,715| |Investment
inconle
CIain on sale oftangible fixed assets|34,336
79,650
2,300|78,143
136,340
636,548| ||8,759,664|9,420,396| ## |INVES|TMENT INCOAIE|||| |---|---|---|---|---| ||||2023|2022| |Rents received||||| |Deposit|account interest||56,730
22,920|126,746
9,594| ||||79,650|136,340| |CHARITABLE ACTIVITIES COSTS||||| ||||Support|| |||Direct|costs (see|| |||Costs|note 7)|Totals| |Operations ofthc school
Training
and workshops||7,514,605
686,847|192,769|7,707,374
686,847| |||8,201,452|192,769|8,394,22 1| ## ## |SUPPORT COSTS|||| |---|---|---|---| |||Governance|| |Finance|Other|costs|Totals| |Operations ofthe school
12,927|95,497|84,345|192,769| |NET INCOME/(EXPENDITURE)|||| |Net income/(cxpcnditurc)
is stated after charging/(crediting):|||| |||2023|2022| |Auditors'
rcmuncration||19,458|21,156| |Depreciation
- owned assets
Hire ofplant and machinery
Other operating
lcascs
Surplus
on disposal offixed assets||262,539
227,239
12,927
(2,300)|266,970
206,210
13,009
(636,548 )| ## ## ## ## |||2023|2022| |---|---|---|---| |V'ages
Social
Other|and salaries
security costs
pension costs|5,852,493
370,624
219,264|5,309,654
377,949
221,246| |||6,442,381|5,908,849| ||||2023|2022| |---|---|---|---|---| |School|||145|159| |Training|and|workshops|8|8| ||||153|167| ## |The number ofemployees|whose employee|benefits (excluding|employer pension costs) exceeded|f60,000v'as:| |---|---|---|---|---| ||||2023|2022| |660,001 - 670,000|||1|1| |K70,001 - 680,000|||1|1| |Pension contributions|of$29,816(2022; 524,615)werc made|of$29,816(2022; 524,615)werc made|in rcspcct ofthe above|employees.|| |---|---|---|---|---|---| |COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||| ||||Unrcstrictcd|Rcstrictcd|Total| ||||funds|fund|funds| |INCOME AND ENDOWMENTS||FROM|||| |Charitable
activities|||8,601,953|45,555|8,647,508| |lnvcstmcnt
income
Other income|||136,340
636,548||136,340
636,548| |Total|||9,374,841|45,555|9,420,396| |EXPENDITURE ON|||||| |Charitable
activities|||||| |Operations ofthe school
Training
and workshops|||7,202,664
546,118|45,500|7,248,164
546,118| |Total|||7,748,782|45,500|7,794,282| |Nct gains on invcstmcnts|||104,365||104,365| |NET INCOME|||1,.730,424|55|1,730,479| |RECONCILIATION|OF FUNDS||||| |Total funds brought
forward|||12,603,055|25|12,603,080| |TOTAL FUNDS CARRIED FORWARD|||14,333,479|80|14,333,559| ## |TANGIBLE FIXEDASSET|S||||| |---|---|---|---|---|---| |||Assets in|||| |||the|||| |||course of|Fixtures||| ||Freehold|constr|and|Motor|| ||property|uction|fittings|vehicles|Totals| |COST|||||| |At 1st April 2022
Additions|9,811,529
12,955|38,955
159,960|192,298
19,905|187,023
31,359|10,229,805
224,179| |Disposals||||(17,958)|(17,958)| |At 31stMarch 2023|9,824,484|198915|212,203|200,424|10,436,026| |DEPRECIATION|||||| |At 1st April 2022
Charge for year
Eliminated
on disposal|2,493,571
234,742||169,870
10,948|140,532
16,849
(17,958)|2,803,973
262,539
(17,958)| |At 31stMarch 2023|2,728,313||180,818|139,423|3,048,554| |NET BOOK VALUE|||||| |At 31st March 2023|7,096, 171|198,915|31,385|61,001|7,387,472| |At 31st March 2022|7,317,958|38,955|22,428|46,491|7,425,832| |FIXEDASSET INVESTMENTS|||||| ||||||Listed| ||||||investments| |NIARKET VALUE|||||| |At 1stApri!2022
Gain/(loss)
on invcstmcnt|||||1,499,935
(64,374)| |At 31stMarch 2023|||||1,435,561| |NET BOOK VALUE|||||| |At 31st March 2023|||||1,435,561| |At 31st March 2022|||||1 499935| ## ## ## |DEBTORS:|AMOUNTS FALI.ING DUE WITHIN ONE|YEAR|| |---|---|---|---| |||2023|2022| |Trade debtors
Other debtors||1,858,314
20,636|1,821,385
10,493| |Prepayments|and accrued income|120,995|128,427| |||1,999,945|1,960,305| |CURRENT ASSET INVESTMENTS|||| |||2023|2022| |Unlisted
invcstmcnts||505,003|504,984| ## ## |CREDITORS: AMO|UNTS FALI.ING DUE WITHIN|ONE YEAR|| |---|---|---|---| |||2023|2022| |Trade creditors
Other creditors
Accruals
and deferred|income|270,632
62,644
2,133,392|153,977
92,301
2,126,428| |||2,466,668|2,372,706| ## ## ||||2023|2022| |---|---|---|---|---| |9'ithin one year
Hctwccn onc and tlvc years|||15,751
20,186|6,556
15,721| ||||35937|22,277| |ANALYSIS OF NET ASSETS BETWEEN FUNDS||||| ||||2023|2022| ||Unrestricted|Restricted|Iotal|Total| ||funds|hind|funds|tunds| |Fixed assets
Investments
Current
assets
( ulTent
lI&lbl1Ities|7,387,472
1,435,561
8,278,128
(2,466,668)|135|7,387,472
1,435,561
8,278,263
(2,466,668)|7,425,832
1,499,935
7,780,498
(2,372,706)| ||14,634,493|135|14,634,628|14,333,559| ## |MOVEMENT|IN FUNDS|||||| |---|---|---|---|---|---|---| |||||Nct|Transfers|| |||||movement|between|At| ||||At 1.4.22|in funds|funds|31.3.23| |Unrestricted|funds|||||| |General
fund|||11,063,167|853,117|(1,081,791 )|10,834,493| |Designated
fund - Building dcvclopmcnt
fund
3,262,342||||(552,103)|1,089,761|3,800,000| |Designated
fund - Horticultural
fund||project
7,970|||(7,970)|| ||||14,333,479|301,014||14,634,493| |Restricted
funds||||||| |Zambia
fund|||80|55||135| |TOTAL FUNDS|||14,333,559|301,069||14,634,628| |Nct movcmcnt|in funds, included||in the above are as follows:|||| ||||Incoming|Rcsourccs|Gains and|Movcn1cnt| ||||resources|expended|losses|in funds| ||||||f.|| |Unrestricted|funds|||||| |Gcncral fund|||8,731,609|(7,814,118 )|(64,374)|853,117| |Dcsignatcd
fund - Building dcvclopmcnt
ftu1d||||(552,103)||(552,103)| ||||8,731,609|(8,366,221 )|(64,374)|301,014| |Restricted
funds||||||| |Zambia
fund|||28,055|(28,000)||55| |TOTAL FUNDS|||8,759,.664|(8,394,221)|(64,374)|301,069| ## |||||||Net|Transfers|| |---|---|---|---|---|---|---|---|---| |||||||movcmcnt|between|At| ||||||At 1.4.21|in funds|funds|31.3.22| ||||||||f.|| |Unrestricted|||funds|||||| |General
fund
Designated
fund - Building development|||||11,063,167|1,738,615|(1,738,615)|11,063,167| |fund
Designated|||fund - Horticultural|project|1,523,727||1,738,615|3,262,342| |fund|||||16,161|(8,191)||7,970| |Restricted||funds|||12,603,055|1,730,424||14,333,479| |Zambia|fund|||||55||80| |TOTAL|FUNDS||||12,603,080|1,730,479||14,333,559| |||||Incoming|Rcsourccs|Gains and|Movcmcnt| |---|---|---|---|---|---|---|---| |||||I'csouI'ccs|cxpcndcd|losses|in funds| |||||f.|||| |Unrestricted||funds|||||| |General
fund
Designated
fund - Holticultural|||project|9,374,841|(7,740,591)|104,365|1,738,615| |fund|||||(8,191)||(8,191)| |Restricted
funds||||9,374,841|(7,748,782)|104,365|1,730,424| |Zambia|fund|||45,555|(45,500)||55| |TOTAL|FUNDS|||9,420,396|(7,794,282 )|104,365|1,730,479| ## ||||||||Net||Transfers|Transfers||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||movctncnt||between||At|| |||||||At 1.4.21|in funds|||funcis|31.3.23|| |Unrestricted||funds||||||||||| |General
fund||||||11,063,167|2,591,732||(2,820,406 )||10,834,493|| |Designated
fund|fund||-|Building|development
1,523,727||(552,103)||2,828,376||3,800,000|| |Designated
fund|fund||—Horticultural|||project
16,161|(8,191)|||(7,970)||| |||||||12,603,055|2,03 1,438||||14,634,493|| |Restricted|funds|||||||||||| |Zambia
fund||||||25|110||||135|| |TOTAL FUNDS||||||12,603,080|2,031,548||||14634 628|| |A current|year 12 months||||and|prior year 12 months
cotnbined|net movement|in|funds,|included|in the above|a| |as follows:||||||||||||| |||||||Incoming|Rcsourccs||Gains and||Movcmcnt|| |||||||resources|expended|||losses|in funds|| |||||||||||f.||| |Unrestricted||funds||||||||||| |General
fund||||||18,106,450|(15,554,709)|||39,991|2,591,732|| |Designated
fund||fund||—Building|dcvelopmcnt||(552,103)||||(552,103)|| |Designated
fund||fund||- Horticultural||project|(8,191)||||(8,191)|| |||||||18,106,450|(16,115,003 )|||39,991|2,031,438|| |Restricted||funds||||||||||| |Zambia
fund||||||73,610|(73,500)||||110|| |TOTAL FUNDS||||||18,180,060|(16,188,503 )|||39,991|2,031,548|| ## ## ## ## ||||2023|2022| |---|---|---|---|---| ||||f.|| |INCOIVIE AND ENDOWM||ENTS||| |Charitable
activities||||| |Operations ofthc School
Training
and workshops
Donations|||7,917,127
726,251
34,336|7,828,650
740,715
78,143| ||||8,677,714|8,647,508| |Investment
income||||| |Rents reccivcd
Deposit account interest|||56,730
22,920|126,746
9,594| ||||79,650|136,340| |Other income||||| |Gain on saic oftangible|fixed|assets|2,300|636,548| |Total incoming
resources|||8,759,664|9,420,396| |EXPENDITURE||||| |Charitable
activities||||| |Wages
Social security
Pensions
Catering
Rates and water
Insurance
Light and heat
Tclcphonc
Postage and stationcty
Advertisin
Sundries
Cleaning
Repairs and rcncwals
Subscriptions
Travel and subsistcncc
Stafftraining
Rccruitmcnt
Bank charges
Computer
costs
Clothing
Rcsourccs
Motor cxpcnscs
Dcprcciation offrcchold property
Depreciation ofimprovements
to property
Carried
forward|||5,852,493
370,624
219,264
227,239
26,938
73,435
147,551
39,683
38,058
34,455
109,351
174,252
206,742
8,237
19,572
44,210
66,115
1,879
153,580
10,058
80,780
34,397
161,777
72,965
8,173,655|5,309,654
377,949
221,246
206,210
17,142
66,175
134,262
35,789
45,117
18,979
91,865
123,339
276,505
10,909
13,858
44,868
57,050
1,805
169,935
10,896
80,796
23,939
169,221
68,362
7.575,871| ## ||||2023|2022| |---|---|---|---|---| |Charitable
activities||||| |Brought
foAvard
Depreciation offixtures A f&ttings
Depreciation ofmotor vehicles
Depreciation ofcomputer
cquipmcnt|||8,173,655
2,331
16,849
8,617|7,575,871
4,754
14,451
10,182| ||||8,201,452|7,605,258| |Support costs||||| |Finance||||| |Other operating
leases|||12,927|13,009| |Other||||| |Consultancy
Staff benefits|||45,962
49,535|41,296
36,695| ||||95,497|77,991| |Governance
costs||||| |Auditors'
remuneration
Legal fees|||19,458
64,887|21,156
76,868| ||||84,345|98,024| |Total rcsourccs expended|||8,394,221|7,794,282| |Net income before gains and losses|||365,443|1,626,114| |Realised rccogniscd gains||and losses||| |Realised gains/(losses)|on fixed asset invcstmcnts||(64,374)|104,365| |Net income|||301,069|1,730,479|