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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Page |
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Governors' annual report |
1 |
Independent auditor's report to the members |
14 |
Statement of financial activities (including income and expenditure account) |
19 |
Statement of financial position |
20 |
Statement of cash flows |
21 |
Notes to the financial statements |
22 |
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Company Limited by Guarantee |
Governors' Annual Report |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
Craigclowan School |
office |
Edinburgh Road |
Perth |
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PH2 8PS |
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(Appointed
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(Appointed
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(Resigned
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(Resigned
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(Resigned
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Company secretary |
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Auditor |
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Registered Auditors |
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18 North Street |
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Glenrothes |
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Fife |
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KY7 5NA |
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Bankers |
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12 Dunkeld Road |
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Perth |
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PH1 5RB |
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Solicitors |
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Quartermile Two |
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2 Lister Square |
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Edinburgh |
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EH3 9GL |
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Trustee |
Trustee |
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Company Limited by Guarantee |
Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Registered Auditors |
18 North Street |
Glenrothes |
Fife |
KY7 5NA |
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2023 |
2022 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
– |
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Charitable activities |
6 |
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Investment income |
7 |
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– |
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– |
Other income |
8 |
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– |
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-------------- |
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-------------- |
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Total income |
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-------------- |
--------- |
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-------------- |
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Expenditure on charitable activities |
9,10 |
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Other expenditure |
12 |
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– |
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– |
-------------- |
--------- |
-------------- |
-------------- |
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Total expenditure |
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-------------- |
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-------------- |
-------------- |
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-------------- |
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-------------- |
-------------- |
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Net expenditure |
(
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(
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(
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-------------- |
--------- |
-------------- |
-------------- |
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Transfers between funds |
(6,061) |
6,061 |
– |
– |
-------------- |
--------- |
-------------- |
-------------- |
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Net movement in funds |
(
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(
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(
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Total funds brought forward |
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-------------- |
--------- |
-------------- |
-------------- |
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Total funds carried forward |
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-------------- |
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Company Limited by Guarantee |
Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible fixed assets |
17 |
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Stocks |
18 |
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Debtors |
19 |
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Cash at bank and in hand |
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----------- |
-------------- |
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Creditors: amounts falling due within one year |
20 |
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-------------- |
-------------- |
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Net current liabilities |
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-------------- |
-------------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
21 |
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-------------- |
-------------- |
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Net assets |
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-------------- |
-------------- |
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Restricted funds |
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Unrestricted funds |
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-------------- |
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Total charity funds |
25 |
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Trustee |
Trustee |
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Company Limited by Guarantee |
Statement of Cash Flows |
2023 |
2022 |
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£ |
£ |
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Net expenditure |
(211,748) |
(371,268) |
Adjustments for: |
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Depreciation of tangible fixed assets |
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Other interest receivable and similar income |
(
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– |
Interest payable and similar charges |
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Accrued expenses/(income) |
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(
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Changes in: |
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Trade and other debtors |
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(
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Trade and other creditors |
(
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----------- |
----------- |
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Cash generated from operations |
(
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(
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Interest paid |
(
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(
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Interest received |
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– |
----------- |
----------- |
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Net cash used in operating activities |
(
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(
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----------- |
----------- |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
|
– |
----------- |
----------- |
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Net cash used in investing activities |
(
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(
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----------- |
----------- |
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Proceeds from borrowings |
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Payments of finance lease liabilities |
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(
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----------- |
----------- |
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Net cash from financing activities |
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----------- |
----------- |
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
198,535 |
371,177 |
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Cash and cash equivalents at end of year |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Freehold property |
- |
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Furniture & School Equipment |
- |
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Motor Vehicles |
- |
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Equipment |
- |
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Computer Equipment |
- |
20
%
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Restricted Funds |
Total Funds 2023 |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Donations |
5,376 |
5,376 |
5,320 |
5,320 |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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School fees |
2,184,240 |
– |
2,184,240 |
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Pre-school fees |
52,583 |
– |
52,583 |
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Registration fees |
4,950 |
– |
4,950 |
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Music |
39,940 |
– |
39,940 |
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After school care |
24,992 |
– |
24,992 |
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Games/outings |
26,636 |
– |
26,636 |
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Extras |
140,898 |
– |
140,898 |
|
PKC Grant |
237,061 |
– |
237,061 |
|
China Project |
– |
20,000 |
20,000 |
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Erasmus |
– |
299 |
299 |
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-------------- |
--------- |
-------------- |
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-------------- |
--------- |
-------------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
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School fees |
2,144,160 |
– |
2,144,160 |
|
Pre-school fees |
54,569 |
– |
54,569 |
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Registration fees |
1,873 |
– |
1,873 |
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Music |
43,575 |
– |
43,575 |
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After school care |
13,746 |
– |
13,746 |
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Games/outings |
13,101 |
– |
13,101 |
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Extras |
94,482 |
– |
94,482 |
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PKC Grant |
152,158 |
– |
152,158 |
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China Project |
– |
24,320 |
24,320 |
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Erasmus |
– |
– |
– |
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-------------- |
--------- |
-------------- |
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-------------- |
--------- |
-------------- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Bank interest receivable |
|
|
– |
– |
|
----- |
----- |
----- |
----- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
£ |
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Gain on disposal of tangible fixed assets held for charity's own use |
500 |
500 |
– |
– |
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Hire of facilities |
6,365 |
6,365 |
5,300 |
5,300 |
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Furlough scheme |
– |
– |
1,722 |
1,722 |
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-------- |
-------- |
-------- |
-------- |
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-------- |
-------- |
-------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
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Scholastic expenditure |
2,174,716 |
19,130 |
2,193,845 |
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House & property expenditure |
271,383 |
– |
271,383 |
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Support costs |
487,865 |
192 |
488,058 |
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-------------- |
--------- |
-------------- |
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-------------- |
--------- |
-------------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
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Scholastic expenditure |
2,271,005 |
24,236 |
2,295,240 |
|
House & property expenditure |
252,070 |
– |
252,070 |
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Support costs |
378,283 |
– |
378,284 |
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-------------- |
--------- |
-------------- |
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-------------- |
--------- |
-------------- |
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Activities undertaken directly |
Support costs |
Total funds 2023 |
Total fund 2022 |
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£ |
£ |
£ |
£ |
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Scholastic expenditure |
2,193,845 |
422,410 |
2,616,255 |
2,619,832 |
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House & property expenditure |
271,383 |
45,935 |
317,318 |
293,435 |
|
Governance costs |
– |
19,713 |
19,713 |
12,327 |
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-------------- |
----------- |
-------------- |
-------------- |
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-------------- |
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-------------- |
-------------- |
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Scholastic expenditure |
House and Property expenditure |
Total 2023 |
Total 2022 |
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£ |
£ |
£ |
£ |
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Premises |
115,497 |
14,792 |
130,289 |
81,383 |
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General office |
48,559 |
3,406 |
51,965 |
12,322 |
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Finance costs |
36,232 |
4,640 |
40,872 |
20,727 |
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Governance costs |
17,473 |
2,238 |
19,711 |
12,327 |
|
Depreciation |
41,784 |
– |
41,784 |
43,893 |
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Office costs |
117,166 |
15,006 |
132,172 |
144,871 |
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Travel costs |
44,109 |
5,649 |
49,758 |
35,378 |
|
Professional costs |
19,065 |
2,442 |
21,507 |
27,383 |
|
----------- |
--------- |
----------- |
----------- |
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439,885 |
48,173 |
488,058 |
378,284 |
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----------- |
--------- |
----------- |
----------- |
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Unrestricted Funds |
Total Funds 2023 |
Unrestricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
£ |
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Loss on disposal of tangible fixed assets held for charity's own use |
|
|
– |
– |
|
-------- |
-------- |
----- |
----- |
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2023 |
2022 |
|
£ |
£ |
|
Depreciation of tangible fixed assets |
109,939 |
111,484 |
Loss on disposal of tangible fixed assets |
2,178 |
– |
Operating lease rentals |
1,157 |
– |
----------- |
----------- |
|
2023 |
2022 |
|
£ |
£ |
|
Fees payable for the audit of the financial statements |
|
|
-------- |
-------- |
|
2023 |
2022 |
|
£ |
£ |
|
Wages and salaries |
|
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Social security costs |
|
|
Employer contributions to pension plans |
256,301 |
306,559 |
-------------- |
-------------- |
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-------------- |
-------------- |
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2023 |
2022 |
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No. |
No. |
|
£60,000 to £69,999 |
2 |
1 |
£80,000 to £89,999 |
1 |
1 |
£90,000 to £99,999 |
– |
1 |
----- |
----- |
|
3 |
3 |
|
----- |
----- |
|
Freehold property |
Fixtures and fittings |
Motor vehicles |
Equipment |
Computer equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Cost |
||||||
At 1 Aug 2022 |
|
|
|
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Additions |
|
– |
– |
|
– |
|
Disposals |
– |
– |
– |
(
|
– |
(
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-------------- |
----------- |
----------- |
----------- |
----------- |
-------------- |
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At 31 Jul 2023 |
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|
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|
|
|
-------------- |
----------- |
----------- |
----------- |
----------- |
-------------- |
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Depreciation |
||||||
At 1 Aug 2022 |
|
|
|
|
|
|
Charge for the year |
|
|
– |
|
|
|
Disposals |
– |
– |
– |
(
|
– |
(
|
-------------- |
----------- |
----------- |
----------- |
----------- |
-------------- |
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At 31 Jul 2023 |
|
|
|
|
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|
-------------- |
----------- |
----------- |
----------- |
----------- |
-------------- |
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Carrying amount |
||||||
At 31 Jul 2023 |
|
|
– |
|
|
|
-------------- |
----------- |
----------- |
----------- |
----------- |
-------------- |
|
At 31 Jul 2022 |
|
|
– |
|
|
|
-------------- |
----------- |
----------- |
----------- |
----------- |
-------------- |
|
2023 |
2022 |
|
£ |
£ |
|
Raw materials and consumables |
|
|
-------- |
-------- |
|
2023 |
2022 |
|
£ |
£ |
|
Trade debtors |
|
|
Prepayments and accrued income |
|
|
Other debtors |
|
|
----------- |
----------- |
|
|
|
|
----------- |
----------- |
|
2023 |
2022 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Accruals and deferred income |
|
|
Social security and other taxes |
|
|
Obligations under finance leases and hire purchase contracts |
|
|
Other creditors |
|
|
-------------- |
-------------- |
|
|
|
|
-------------- |
-------------- |
|
2023 |
2022 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Obligations under finance leases and hire purchase contracts |
|
|
Pension provision |
|
|
----------- |
----------- |
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|
|
|
----------- |
----------- |
|
2023 |
2022 |
|
£ |
£ |
|
Not later than 1 year |
|
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Later than 1 year and not later than 5 years |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
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2023 |
2022 |
|
£ |
£ |
|
At 1 August 2022 |
904,982 |
923,064 |
Amount released to income |
(740,659) |
(731,933) |
Amount deferred in year |
678,357 |
713,851 |
----------- |
----------- |
|
At 31 July 2023 |
842,680 |
904,982 |
----------- |
----------- |
|
At 1 Aug 2022 |
Income |
Expenditure |
Transfers |
At 31 Jul 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
Unrestricted funds |
1,307,644 |
2,718,541 |
(2,936,642) |
(6,061) |
1,083,482 |
-------------- |
-------------- |
-------------- |
-------- |
-------------- |
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At 1 Aug 2021 |
Income |
Expenditure |
Transfers |
At 31 Jul 2022 |
|
£ |
£ |
£ |
£ |
£ |
|
Unrestricted funds |
1,684,316 |
2,524,686 |
(2,901,358) |
– |
1,307,644 |
-------------- |
-------------- |
-------------- |
----- |
-------------- |
|
At 1 Aug 2022 |
Income |
Expenditure |
Transfers |
At 31 Jul 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
Charitable donations fund |
9,878 |
5,376 |
– |
– |
15,254 |
PTA fund |
13,026 |
– |
(3,091) |
– |
9,935 |
Erasmus Programme |
(129) |
299 |
(6,231) |
6,061 |
– |
China Project |
15,000 |
20,000 |
(10,000) |
– |
25,000 |
--------- |
--------- |
--------- |
-------- |
--------- |
|
37,775 |
25,675 |
(19,322) |
6,061 |
50,189 |
|
--------- |
--------- |
--------- |
-------- |
--------- |
|
At 1 Aug 2021 |
Income |
Expenditure |
Transfers |
At 31 Jul 2022 |
|
£ |
£ |
£ |
£ |
£ |
|
Charitable donations fund |
4,558 |
5,320 |
– |
– |
9,878 |
PTA fund |
13,026 |
– |
– |
– |
13,026 |
Erasmus Programme |
14,787 |
– |
(14,916) |
– |
(129) |
China Project |
– |
24,320 |
(9,320) |
– |
15,000 |
--------- |
--------- |
--------- |
----- |
--------- |
|
32,371 |
29,640 |
(24,236) |
– |
37,775 |
|
--------- |
--------- |
--------- |
----- |
--------- |
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
2,278,957 |
– |
2,278,957 |
|
Current assets |
739,579 |
50,189 |
789,768 |
|
Creditors less than 1 year |
(1,306,398) |
– |
(1,306,398) |
|
Creditors greater than 1 year |
(628,656) |
– |
(628,656) |
|
-------------- |
--------- |
-------------- |
||
Net assets |
1,083,482 |
50,189 |
1,133,671 |
|
-------------- |
--------- |
-------------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
2,327,432 |
– |
2,327,432 |
|
Current assets |
967,660 |
37,775 |
1,005,435 |
|
Creditors less than 1 year |
(1,328,300) |
– |
(1,328,300) |
|
Creditors greater than 1 year |
(659,148) |
– |
(659,148) |
|
-------------- |
--------- |
-------------- |
||
Net assets |
1,307,644 |
37,775 |
1,345,419 |
|
-------------- |
--------- |
-------------- |
||
2023 |
2022 |
|
£ |
£ |
|
Financial assets measured at fair value through income and expenditure |
789,768 |
1,005,435 |
----------- |
-------------- |
|
Financial liabilities measured at fair value through income and expenditure |
1,935,054 |
1,987,488 |
-------------- |
-------------- |
|
At 1 Aug 2022 |
Cash flows |
At 31 Jul 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(194,008) |
|
Debt due within one year |
(231,207) |
(54,376) |
(285,583) |
Debt due after one year |
(523,927) |
5,514 |
(518,413) |
----------- |
----------- |
----------- |
|
(
|
(
|
(
|
|
----------- |
----------- |
----------- |
|
2023 |
2022 |
||
£ |
£ |
||
Not later than 1 year |
|
|
|
Later than 1 year and not later than 5 years |
|
|
|
--------- |
--------- |
||
|
|
||
--------- |
--------- |
||