| Page | Page | |
|---|---|---|
| Administrative Information | 1 | —2 |
| Report of the Governors | 3 | — 10 |
| Statement of Governors Responsibilities | 11 | |
| Independent Auditors Report | 12-15 | |
| Statement of Financial Activities | 16 | |
| Balance Sheet | 17 | |
| Cash Flow Statement | 18 | |
| Notes to the Financial Statements | 19—30 |
| DATE | CHARITY | AMOUNT | DESCRIPTION | |
|---|---|---|---|---|
| October | ||||
| 2021 | Abingdon Foodbank | 295Kgs | Weight of Harvest donations | |
| November | ||||
| 2021 | Movember | £300.00 | Moustache growing | |
| November | Royal British Legion | |||
| 2021 | Poppy Appeal | £1,041.66 | Poppies sold in school | |
| December | ||||
| 2021 | St Helen’s Church | £300.00 | Carol Concert December 2021 Donations | |
| December | ||||
| 2021 | Kapumpe | £365.33 | Carol Concert December 2021 Donations | |
| December | Oxford Hospitals | |||
| 2021 | Charity | £354.80 | Nativity Performance 2021 Donations | |
| December | ||||
| 2021 | Larkmead School | see description | Netball posts | |
| December 2021 |
ACE Toy Drive | 13 huge boxes of new toys |
New toys for children who would receive nothing this Christmas due to family circumstances |
|
| Mary Magdalen | ||||
| March 2022 | Church, Shippon | see description | Use of the Main Hall FOC for their quiz night | |
| March 2022 | Motherkind Cafe | £1,245.50 | Cake / hot chocolate sale at school | |
| April 2022 | WWF | £322.48 | Home clothes day - charity chosen by children |
|
| April2022 | Abingdon Foodbank | 44 filled cases |
encil | Through Heartfelt Tips, Buddy Groups filled pencil cases which were taken to AEF as Easter gifts for |
| children | ||||
| Wootton Primary | ||||
| July 2022 | School | Science books | New Star Science Books | |
| Summer Fete with charity chosen by the Y6 | ||||
| July 2022 | ROSY | £3,222.03 | children | |
| St Nicholas Primary | ||||
| July 2022 | School | children books |
THE MANOR PREPARATORY SCHOOL TRUST REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 JULY 2022
FUTURE PLANS
The long term strategic plan is in place and we will continue to work towards this. With the global financial uncertainty of the year ahead and the increased costs, it has been decided to wait before beginning capital projects until there is greater economic stability. We are in a strong market position and numbers remain at a high volume. Our principal future plans for the year ahead are as follows:
-
Developing programmes to support staff and pupil mental health and wellbeing alongside promoting resilience and risk taking in the classroom environment.
-
Review the school's Professional Development Review system to ensure that it delivers the best outcomes for children and staff.
-
Implement a new Management Information System and train staff ahead of full adoption in September 2023.
-
Continue to provide opportunities to develop community links, for local schools and charities to work together and support one another.
PROVISION OF INFORMATION TO AUDITORS
Each of the persons who are Governors at the time when this Governors Report is approved has confirmed that:
-
so far as that Governor is aware. there is no relevant audit information of which the School's auditors are unaware; and
-
that Governor has taken all steps that ought to have been taken as a Governor in order to be aware of any relevant audit information needed by the School's auditors in connection with preparing their report and to establish that the School's auditors are aware of that information.
AUDITORS
In accordance with Section 485 of the Companies Act 2006, a resolution proposing the re-appointment of Crowe U.K. LLP as auditors to the company will be put to the Annual General Meeting.
This Annual Report, prepared under the Charities Act 2011 and the Companies Act 2006, was approved by the Governing Body of The Manor Preparatory School Trust on 17 March 2023 including in their capacity as company directors approving the Strategic Report contained therein, and is signed as authorised on its behalf by;
----- Start of picture text -----
Governor
----- End of picture text -----
Page 10
A Crowe
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE MANOR PREPARATORY SCHOOL TRUST
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non compliance with all laws and regulations.
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 auditor's 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 the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Janette Joyce Senior Statutory Auditor For and on behalf of Crowe U.K. LLP Statutory Auditor
Aquis House 49-51 Blagrave Street Reading RG11PL
Date: l7 3 • 2.3
Page 15
| Expendable | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Endowment | Total | Total | |
| £ | £ | £ | £ | £ | ||
| INCOME FROM: | ||||||
| Voluntary sources: | ||||||
| Donations | - | 28,060 | - | 28,060 | 13,507 | |
| Charitable activities: | ||||||
| School fees receivable | 4a | 5,323,747 | - | - | 5,323,747 | 5,054,098 |
| Other income | 4b | 375,409 | - | - | 375,409 | 310,942 |
| Other trading activities: | ||||||
| Letting income | 17,830 | - | - | 17,830 | 7,306 | |
| Investments: | ||||||
| Bank interest | 232 | - | - | 232 | 59 | |
| Government CJRS grant | - | - | - | - | 35,545 | |
| Total | 5.717.218 | 28.060 | - | 5.745.278 | 5,421,457 | |
| EXPENDITURE ON: | ||||||
| Charitable activities: | ||||||
| School operating costs | 5 | 5,611,694 | 20,585 | 13,900 | 5,646,179 | 5,341,063 |
| Raising funds: | ||||||
| Financing costs | 5 | 64,490 | - | - | 64,490 | 40,947 |
| Marketing and advertising | 5 | 82.905 | - | - | 82.905 | 45,641 |
| Total | 5 | 5.759.089 | 20.585 | 13.900 | 5.793.574 | 5,427,651 |
| NET MOVEMENT IN FUNDS | (41,871) | 7,475 | (13,900) | (48,296) | (6,194) | |
| FUNDS BROUGHT FORWARD | ||||||
| AT 1 AUGUST 2021 | 5,393,406 | 59,216 | 556,000 | 6,008,622 | 6,014.816 | |
| FUNDS CARRIED FORWARD | ||||||
| AT 31 JULY 2022 | 51,535 | 66.691 | 542.100 | QQ8.622 |
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| £ | £ | £ | |||
| FIXED ASSETS | |||||
| Tangible assets | 9 | 8,007,272 | 8,208,860 | ||
| CURRENT ASSETS | |||||
| Stocks | 4,876 | 5,331 | |||
| Debtors | 10 | 268,366 | 33Z398 | ||
| Cash at bank and in hand | 284,272 | 196,615 | |||
| 557,514 | 534,344 | ||||
| CREDITORS: Amounts falling due | |||||
| ‘within one year | 11 | (1,104,455) | (1.134,598) | ||
| NET CURRENT LIABILITIES | (546,941) | (600,254) | |||
| TOTAL ASSETS LESS CURRENT | 7,460,331 | 7,608,626 | |||
| LIABILITIES | |||||
| CREDITORS: Amounts due after more than | 12 | (1,500,005) | (1.600,004) | ||
| one year | |||||
| NET ASSETS | 5.960.326 | 6,00&622 | |||
| FINANCED BY: | |||||
| Unrestricted funds | 5,351,535 | 5,393,406 | |||
| Restricted funds | 15 | 66,691 | 59,216 | ||
| Expendable endowment funds | 542,100 | 556,000 | |||
| 16 | 5.960.326 | 6,008,622 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities: | ||
| Net movement in funds | (48,296) | (6,194) |
| Interest received | (232) | (59) |
| Interest paid | 68,489 | 72,473 |
| Depreciation charge | 455,120 | 443,637 |
| Loss on sale of fixed assets | 400 | |
| Decrease/(increase) in stock | 455 | (1,859) |
| Decrease/(increase) in debtors | 64,032 | (86,237) |
| (Decrease)/increase in creditors | (98,652) | 51,840 |
| Net cash generated by!(used in) operating activities | 440,916 | 474.001 |
| Cash flows from investing activities | ||
| Dividends and interest receivable | 232 | 59 |
| Purchase of tangible fixed assets | (253,512) | (310,711) |
| Net cash used in investing activities | (253,280) | (310,652) |
| Cash flows from financing activities | ||
| Interest payable | (68,489) | (72473) |
| Repayments of borrowing | (99,999) | (99,999) |
| Net cash used in financing activities | (168,488) | (172,472) |
| Change in cash and cash equivalents in the year | 19,148 | (9,123) |
| Cash and cash equivalents at the beginning of the year | (151,762) | (142,639) |
| Total cash and cash equivalents at the end ofthe year | (132.6141 | Jj51. 762) |
| Cash and cash equivalents are comprised of | ||
| Cash at Bank | 284,272 | 196,615 |
| Overdraft (note 11) | (416,886) | (348,377) |
| Cash and cash equivalents | II41 | (151,762) |
| Tangible fixed assets and depreciation | Tangible fixed assets and depreciation | Tangible fixed assets and depreciation |
|---|---|---|
| Tangible fixed assets are stated at historical cost less depreciation. Depreciation is provided at |
||
| rates that reflect the anticipated useful lives of the assets and their estimated residual values. | ||
| Buildings | - | 2% straight line |
| Long term fixtures and fittings | - | 62/3% straight line |
| Equipment and furniture | - | 15% straight line |
| Short term fixtures and fittings | - | 15% straight line |
| Motor vehicles | - | 20% straight line |
| Computer equipment (school/office) | - | 331/3% straight line |
| he School’s fee inc | ome comprised: | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Gross fees | 5,730,809 | 5,465,840 | |
| Less: Bursaries and allowances | (407,062) | (411,742) | |
| 5.323.747 | 5.054.098 | ||
| HARITABLE ACTIVITIES | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Chargeable extras | — income | 365,584 | 303,802 |
| Registration fees | 9,825 | 7,140 | |
| 375.409 | 310.942 |
| Staffcosts | Depreciation | Other | Total | Total | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| £ | £ | £ | £ | £ | |
| Charitable activities | |||||
| School operating costs: | |||||
| Teaching costs | 2,930,881 | 246,519 | 251,797 | 3,429,197 | 3,232,381 |
| Welfare costs | 83,761 | - | 479,062 | 562,823 | 565,369 |
| Premises costs | 184,401 | 194,829 | 275,572 | 654,802 | 638,609 |
| Support costs | 488,309 | 13,772 | 497,276 | 999,357 | 904,704 |
| 3.687,352 | 455.120 | 1,503,707 | 5.646.179 | 5341,063 | |
| Raising funds | |||||
| Bank charges | - | - | 3,030 | 3,030 | 2,799 |
| Interest paid | - | - | 68,489 | 68,489 | 72,473 |
| Bad debt provision | - | - | (7,029) | (7,029) | (34,325) |
| Marketing and | 82,905 | 82,905 | 45.641 | ||
| advertising | |||||
| 147,395 | 147,395 | 86,588 | |||
| TOTAL RESOURCES | |||||
| EXPENDED | 3.687.352 | 455.120 | 1.651.102 | 5.793.574 | 5.427.651 |
| Staffcosts | Staffcosts | Depreciation | Depreciation | Other | Total | Total | ||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| £ | £ | £ | £ | £ | ||||
| Charitable activities | ||||||||
| School operating costs: | ||||||||
| Teaching costs | 2,849,842 | 226,920 | 155,619 | 3,232,381 | 3,184,739 | |||
| Welfare costs | 136,531 | - | 428,836 | 565,369 | 384,325 | |||
| Premises costs | 128,298 | 194,829 | 315,482 | 638,609 | 603,760 | |||
| Support costs | 471,632 | 21,888 | 411,184 | 904,704 | 837,950 | |||
| 3,586,303 | 443,637 | 1,311,123 | 5.341,063 | 5,010,774 | ||||
| Raising funds | ||||||||
| Bank charges | - | - | 2,799 | 2,799 | 4,190 | |||
| Interest paid | - | - | 72,473 | 72,473 | 70,294 | |||
| Bad debt provision | - | - | (34,325) | (34,325) | 70,656 | |||
| Marketing and | 45.641 | 45.641 | 94.428 | |||||
| advertising | ||||||||
| 86,588 | 86,588 | 239,570 | ||||||
| TOTAL RESOURCES | ||||||||
| EXPENDED | 3,586,303 | 443.637 | 1.397.711 | 5.427,651 | 5.250.344 | |||
| 6. | NET INCOMING RESOURCES | |||||||
| 2022 | 2021 | |||||||
| £ | £ | |||||||
| Net incoming resources are stated after | charging: | |||||||
| Depreciation of tangible fixed assets | 455,120 | 443,637 | ||||||
| Auditors’ remuneration — |
audit | fees | 13.600 | 12,090 | ||||
| 7. | EMPLOYEES | |||||||
| a) | The average number of employees in the | period was: | ||||||
| 2022 | 2021 | |||||||
| No. | No. | |||||||
| Teaching | 77 | 77 | ||||||
| Support | 20 | 18 | ||||||
| Premises and Welfare | 18 | 18 | ||||||
| 115 | 113 | |||||||
| *Teaching staff include teachers, teaching assistants and club | leaders. |
| taff costs | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Wages and salaries | 3,060,119 | 2943,788 |
| Social securitycosts | 301,286 | 270,684 |
| Pension costs | 325,947 | 371,631 |
| Total | 3.S87.352 | 3.566.303 |
| he number of employees whose emoluments | exceeded £60,000 were: | ||
|---|---|---|---|
| 2022 | 2021 | ||
| No. | No. | ||
| £60,000 -£70,000 | - | ||
| £120,000 -130,000 | |||
| £130,000 -£140,000 | 1 |
| 9. TANGIBLE ASSETS |
9. TANGIBLE ASSETS |
|||||
|---|---|---|---|---|---|---|
| Church | Other | Fixtures, | ||||
| Farm | freehold | fittings, | Assets under | |||
| (see | land & | furniture & | Motor | construction | ||
| note 15) | buildings | equipment | vehicles | Total | ||
| £ | £ | £ | £ | £ | £ | |
| COST | ||||||
| At 1 August 2021 | 695000 | 9,159,558 | 3,151,579 | 107,923 | 125,649 | 13,239,709 |
| AddWons | - | - | 125,911 | 4,718 | 122,883 | 253,512 |
| Disposals | - | - | (450) | (450) | ||
| Transfers | - | 248.532 | (248,532) | |||
| At 31 July 2022 | 695,000 | 9,159,559 | 3,525,572 | 112,641 | 13,492,772 | |
| DEPRECIATION | ||||||
| At 1 August 2021 | 139,000 | 2,630,925 | 2,166,707 | 104,197 | - | 5,030,829 |
| Charge for year | 13,900 | 180,929 | 258,659 | 1,632 | - | 455,120 |
| DsposaIs | (450) | (450) | ||||
| At 31 July 2022 | 152,900 | 2,811,854 | 2,414,917 | 105.829 | 5.485,500 | |
| NET BOOK VALUE | ||||||
| At 31 July 2022 | 542.100 | 6.347.705 | 6.812 | 8M07.272 | ||
| At31 July2021 | 556,000 | 6.528.633 | 994.872 | 3,726 | 125,649 | 5,205,880 |
| 10. DEBTORS |
||||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Trade debtors | 138,279 | 126,563 | ||||
| Prepayments | 130,087 | 205,835 | ||||
| 268.366 | 332,398 |
| CREDITORS: Amounts falling due within one ye | ar | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Bank Overdraft | 416,886 | 348377 |
| Bank Loans (Nate 13) | 99,999 | 99,999 |
| Trade creditors | 129,449 | 61,363 |
| Accruals and deferred income | 166,126 | 335,781 |
| Other tax and social security | 73,426 | 68,288 |
| Other creditors | 4,669 | 2,690 |
| Acceptance deposits | 213,900 | 218,100 |
| 1.104.455 | 1.134.598 |
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Bank Loans (Note 13) | 1,500,005 | 1,600,004 | |
| 1.500.005 | 1.600.004 | ||
| 13. | LOANS | ||
| An analysis of the maturity of loans is as follows: | 2022 | 2021 | |
| £ | £ | ||
| Amounts due within one year | 99,999 | 99,999 | |
| Amounts falling due between one and two years | 99,999 | 99,999 | |
| Amounts falling due between two and five years | 299,997 | 299,999 | |
| Amounts falling due after more than five years | 1,100,009 | 1,200,006 | |
| 1.600.004 | 1.700.003 |
| At 1 August | Cashflow | At 31 July | ||
|---|---|---|---|---|
| 2021 | 2022 | |||
| £ | £ | £ | ||
| Cash | at bank and in hand | 196,615 | 87,657 | 284,272 |
| Bank | overdraft | (348377) | (68,509) | (416,886) |
| Bank | loan | (1,700,003) | 99.999 | (1,600,004) |
| (1,851.765) | 119.147 | (1.732.6181 |
| At | At | |||
|---|---|---|---|---|
| Fund name | 1 August | Incoming | Resources | 31 July |
| 2021 | Resources | expended | 2022 | |
| £ | £ | £ | £ | |
| ManorAssociation of Parents (MAP) | 30,907 | 15,040 | (14,170) | 31,777 |
| SHUS | 28,309 | 13,020 | (6,415) | 34,914 |
| Total | 59.216 | 28.060 | 120.5851 |
| At | At | ||||||
|---|---|---|---|---|---|---|---|
| Fund name | 1 August | Incoming | Resources | 31 July | |||
| 2020 | Resources | expended | 2021 | ||||
| £ | £ | £ | £ | ||||
| ManorAssociation ofParents (MAP) | 26,528 | 6,566 | (2,187) | 30,907 | |||
| SHUS | 24,157 | 6,941 | (2,789) | 28,309 | |||
| Other restricted funds | |||||||
| Total | £ | 50,685 | £II5O7 | £ | 4,976 | £ | 59.216 |
| NALYSIS OF NET ASSETS | BETWEEN FUNDS | |||
|---|---|---|---|---|
| Expendable | Unrestricted | |||
| Endowment | Restricted | Other | ||
| Funds | Funds | Funds | Total Funds | |
| 2022 | £ | £ | £ | £ |
| Tangible fixed assets | 542,100 | - | 7,465,172 | 8,007,272 |
| Current assets | - | 66,691 | 490,823 | 557,514 |
| Current liabilities | - | - | (1,104,455) | (1,104,455) |
| Non-current liabilities | (1,500,005) | (1,500,005) | ||
| 542.100 | 66.691 | 5.351.535 | 5.960.326 | |
| Expendable | Unrestricted | |||
| Endowment | Restricted | Other | ||
| Funds | Funds | Funds | Total Funds | |
| 2021 | £ | £ | £ | £ |
| Tangible fixed assets | 556,000 | - | 7,652,680 | 8,208,880 |
| Current assets | - | 59,216 | 475,128 | 534,344 |
| Current liabilities | - | - | (1,134,596) | (1,134,596) |
| Non-current liabilities | - | (1,600.004) | (1.600,004) | |
| 556,000 | 59,216 | 5,393,406 | 6,008,622 |
| Expendable | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | 2021 | |
| £ | £ | £ | £ | |
| Total | ||||
| INCOME FROM: | ||||
| Voluntary sources: | ||||
| Donations | - | 13,507 | - | 13,507 |
| Charitable activities: | ||||
| School fees receivable | 5,054,098 | - | - | 5,054,098 |
| Other income | 310,942 | - | - | 310942 |
| Other trading activities: | ||||
| Letting income | 7,306 | - | - | 7,306 |
| Investments: | ||||
| Rank interest | 59 | - | - | 59 |
| Government CJRS grant | 35.545 | 35,545 | ||
| Total | 5,407950 | 13.507 | - | 5.421.457 |
| EXPENDITURE ON: | ||||
| Charitable activities: | ||||
| School operating costs | 5,322,187 | 4,976 | 13,900 | 5,341,063 |
| Raising funds: | ||||
| Financing costs | 40,947 | - | - | 40,947 |
| Marketing and advertising | 45,641 | 45,641 | ||
| Total | 5408,775 | 4976 | 13,900 | 5.427,651 |
| NET MOVEMENT IN FUNDS | (825) | 8,531 | (13.900) | (6,194) |
| FUNDS BROUGHT FORWARD | ||||
| AT I AUGUST2020 | 5,394,231 | 50.685 | 569.900 | 6.014,616 |
| FUNDS CARRIED FORWARD | ||||
| AT3I JULY2021 | 5.393.406 | 59.216 | 556,000 | 6.008.622 |
THE MANOR PREPARATORY SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022
18. OPERATING LEASES
At 31 July 2022 the School had annual commitments under non-cancellable operating leases as follows:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| EXPIRY DATE: | ||
| Less than 1 year | 2,483 | 2,726 |
| Between one and five years | 192 | 2,675 |
| ~~2,675~~ | 5.401 |
19. RELATED PARTY TRANSACTIONS
£4,950 (2021: £4,260) was paid to Carter Jonas during the year for professional services where SJ McConnell (Governor) was a partners. £Ni/was outstanding to both firms at the year-end (2021: £Nil).
£4,044 was paid to A Stokes in the year in respect of her work as a supply teacher (2021: £4,521). No Governors have been paid in relation to their role as Governor.
S Champkin (Governor) was a partner at Knight's pie, during the year £nil (2021: £1, 188) was paid for professional services to Knight's pie.
20. PENSION COSTS
The School has contributed to APTIS, a defined contribution pension scheme on behalf of teaching staff. Contributions totalling £257,535 (2021: £143,008) were payable to the scheme for the year.
The School also contributes to a defined contribution group pension scheme for non-teaching staff. Contributions totalling £68,412 (2021: £63,556) were payable to the scheme for the year.
There were unpaid contributions of £10,054 (2021: £9,774) at the year end.
21. FINANCIAL INSTRUMENTS
| FINANCIAL INSTRUMENTS | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Financial assets measured at amorised cost | 422,551 | 323,178 |
| Financial liabilities measured at amortised cost | 2,496,301 | 2,582,247 |
The School's income, expense, gains and losses in respect of financial instruments are summarised below:
summarised below: |
||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Interest income and expense: | ||
| Total interest income for financial assets held at amortised cost | 232 | 59 |
| Total interest expense for financial liabilities held at amortised cost | 68,489 | (72,474) |
| Impairment (loss)/gain | (7,029) | (34,325) |
Included within financial assets held at amortised cost are trade debtors, other debtors and cash at bank. Included within financial liabilities held at amortised cost are bank loans, trade creditors, accruals, acceptance deposits and other creditors.
Page 29