2022-08-31-accounts - St Gerard's School Trust

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		Page
Report ofthe Trustees	1	to	10
Report ofthe Independent Auditors	11	to	14
Statement ofFinancial Activities		15
Balance Sheet		16
Cash Flow Statement		17
Notes to the Cash Flow Statement		18
Notes to the Financial Statements	19	to	31
Detailed Statement ofFinancial Activities	32	to	33

StGerard's School Trust
Statement ofFinancial Activities
ncor oratin an Income and Kx enditure		Account
for the Year Ended 31Au ust 2022
			31.8.22	31.8.21
			Unrestricted	Total
			funds	funds
		Notes
INCOME AND ENDOWMENTS	FROM
Charitable activities
Incoming receipts from charitable	activities		1,398,402	1,471,828
Investment income				31
Total			1,398,513	1 471,859
EXPENDITURE ON
Direct charitable expenditure			1,572,785	1,495,798
Other charitable activities
Depreciation			22,705	20,832
Governance &support			18772	17,124
Total			1,614 262	1,533,754
NET INCOME/(EXPENDITURE)			(215,749)	(61,895)
RECONCILIATION OF FUNDS
Total funds brought forward			984,641	1,046,536
TOTAL FUNDS CARRIED FORWARD			768 892	984,641

			31.8.22	31.8.21
			Unrestricted	Total
			funds	funds
		Notes
FIXED	ASSETS
Tangible	assets	12	679,616	671,960
CURRENT ASSETS
Stocks		13	3,617	4,713
Debtors		14	52,232	146,596
Cash at	bank and in hand		278312	414466
			334,161	565,775
CREDITORS
Amounts	falling due within one year	15	(200,629)	(199,307)
NET CURRENT ASSETS			133332	366468
TOTAL	ASSETSLESSCURRENT
LIABILITIES			813,148	1,038,428
PE&NSION LIABILITY		20	(44,256)	(53,787)
NET ASSETS			768892	984,641
FUNDS		19
Unrestricted funds			768,892	984,641
TOTAL	FUNDS		768 892	984641

StGerard's School Trust
Cash Flow Statement
for the Year Ended 31Au		ust 2022
					31.8.22	31.8.21
				Notes
Cash flows from operating		activities
Cash generated from operations Interest paid					(105,218) ~404	(41,799) ~30
Net cash used in operating		activities			~105622)	~41,829)
Cash flows from investing		activities
Purchase oftangible fixed	assets				(30,360)	(24,725)
Interest received						31
Net cash used in investing	activities				~30360)	~24,694)
Change in cash and cash	equivalents		in
the reporting period					(135,982)	(66,523)
Cash and cash equivalents		at the
beginning ofthe reporting		period			413,009	479,532
Cash and cash equivalents		at the end	of
the reporting period					277 027	413009

ACTIVITIES
					31.8.22	31.8.21
Net expenditure for the reporting		period (as	per the Statement	of
Financial Activities)					(215,749)	(61,895)
Adjustments for:
Depreciation charges					22,705	20,832
Interest received						(31)
Interest paid					404	30
Bad debt provision					60,000
Decrease/(increase)	in stocks				1,096	(2,193)
Decrease/(increase)	in debtors				34,364	(4,775)
Increase in creditors Difference between	pension charge	and cash contributions			1,493 ~9,531)	11,802 ~5,569)
Net cash used in operations					105218	~41 799)
ANALYSIS OF CASH AND CASH EQUIVALENTS
					31.8.22	31.8.21
Cash in hand					827	573
Notice deposits (less	than 3 months)				277,485	413,893
Overdrafts included	in bank loans and overdrafts		falling due within	one year	~2,285)	~1457)
Total cash and cash	equivalents				277 027	413,009

	At 1.9.21	Cash flow	At 31.8.22
Net cash
Cash at bank and in hand Bank overdraft	414,466 ~7,457	(136,154) 172	278,312 ~2,285)
	413 009	~235,982	277 027
Total	413,009	(~135,982	277 027

				31.8.22	31.8.21
Bank interest received				111	31
INCOME FROM	CHARITABLE ACTIVITIES
				31.8.22	31.8.21
		Activity		f.
School fees		Incoming receipts from charitable	activities	1,369,121	1,451,614
Events &charitable	activities	Incoming receipts from charitable	activities	12,087	3,104
Other income		Incoming receipts from charitable	activities	178	5,572
Entrance fees		Incoming receipts from charitable	activities	750	1,100
UnifohTn sales		Incoming receipts from charitable	activities	7,111	9,210
Trips &excursions		Incoming receipts from charitable	activities	9,155	1,228
				1398402	1 471 828

		2022	2021
Gross fees		K1,510,164	f.1,603,458
Less:
Bursaries		f26,297	E,31,173
Discounts &other deductions		f114,747	f.115,742
Fee income invoiced	in the year	f19369,121	1,451,614

Administration ofthe	school
			31.8.22	31.8.21
Hire ofminibus			1,009	6,212
Diocese land rent			100	100
Departmental expenses			19,799	10,600
Examination fees			10,345	7,039
Subscription &licences			16,382	13,400
Telephone			2,534	3,061
Postage and stationery			25,963	25,989
Sundry meetings &refreshments			1,966	5,627
Advertising			5,180	3,987
Continued professional	development	and training	1,775	1,709
Debt write-off and provision			66,455	(7,339)
Trips &excursions			13,959	2,824
Uniform purchases			10,385	10,359
Minibus running costs			2,922	1,074
Disclosure and barring	service checks		596	383
ITmaintenance and contracts			48,000	48,000
Interest payable and similar charges			404	30
Events &charitable activities			16,066	4 896
			243 840	137,951

5.	DIRECT CHA	RIT	ABLE EXPENDITURE - continued
	Staffing costs
				31.8.22	31.8.21
	Staffcosts			1,200,888	1,203,830
	Recruitment costs Interest payable and		similar charges	2,881 ~3,7347	4,375 58
				1 200 035	1 208 263
	Premises costs
				31.8.22	31.8.21
	Cleaning and waste removal			43,705	65,267
	Heat &light			26,921	25,915
	Insurance			12,072	9,431
	Rates &water			10,688	5,873
	Building maintenance		&other repairs and renewals	35 524	43,098
				128910	149,584
	Aggregate amounts			1,572,785	1,495 798
6.	CHARITABLE	ACTIVITIES COSTS
					Direct
					Costs
	Depreciation				~22 705
7.	SUPPORT COSTS
					Governance
					costs
	Other resources	expended			~18 772

Net income/(expenditure) is stated after charging/(creditin	g):
	31.8.22	31.8.21
	f.
Auditors' remuneration	4,395	4,089
Preparation ofaccounts	4,395	4,089
Depreciation -owned assets	22,704	19,934
Hire ofminibus	1,009	6,212
Diocese land rent	100	100
Website amortisation		900


STAFF COSTS AND REMUNERATION				OFKEYMANAGEMENT		PERSONNEL
						31.8.22		31.8.21
Wages and salaries						936,641		943,342
Social security costs						89,261		83,220
Other pension costs						174	986	177,268
						1 200	880	1,203,830
The average monthly		number	ofemployees	during	the year was as follows:
						31.8.22		31.8.21
Full time teachers							14	14
Part time teachers							9	9
Full time teaching	assistants						2	2
Part time teaching	assistants							1
Part time laboratory		technician					1	1
Full time caretakers							1	1
Part time caretakers							1	1
Management &administration			(full time)				3	3
Management &administration			(part time)				3	3
						34		35

The num	ber ofemployees whose employee benefits	(excluding employer pension costs) exceeded	f60,000w
		31.8.22	31.8.21
K60,001	- E70,000	1	I

TANGIBLE FIXEDASSETS
	Freehold	Property	Plant &	Motor
	property	improvements	machinery	vehicle
COST
At 1 September 2021	303,244	415,449	59,112
Additions				27,600
At 31 August 2022	303 244	415 449	59112	27600
DEPRECIATION
At 1 September 2021	40,649	47,321	44,153
Charge for year	2 032	4 154	3,739	5,520
At 31 August 2022	42,681	51 475	47,892	5 520
NET BOOK VALUE
At 31 August 2022	260 563	363 974	11220	22 000
At 31 August 2021	262 595	368 128	14,959
	Fixtures
	and	Furniture	Computer
	fittings	etc	equipment	Totals
COST
At 1 September 2021	573,596	17,391	46,854	1,415,646
Additions			2 760	30,360
At 31 August 2022	573 596	17391	49 614	1,446 006
DEPRECIATION
At 1 September 2021	565,067	13,119	339377	743,686
Charge for year	2,132	1 068	4,059	22,704
At 31 August 2022	567199	14,187	37436	766 390
NET BOOKVALUE
At 31August 2022	6397	3 204	12 178	679616
At 31 August 2021	8,529	4,272	13,477	671,960

13.	STOCKS
					31.8.22	31.8.21
	Stocks				3,617	4 713
14.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
					31.8.22	31.8.21
	School fees				27,907	88,897
	Prepayments				24 325	37699
					52 232	746 396
15.	CREDITORS: AMOUNTS FALLING DUE		WITHIN	ONE YEAR
					31.8.22	31.8.21
	Bank loans and overdraAs	(see note 16)			1,285	1,457
	Trade creditors				7,578	12,598
	Social security and other taxes				42,161	19,521
	Other creditors				18,038	20,799
	Locker deposits				1,295	1,290
	Advanced receipts				91,982	100,064
	Accrued expenses				8,790	8,178
	Deferred ski trip deposits				29,500	35,400
					200,629	799,307
16.	LOANS
	An analysis ofthe maturity	ofloans is given below:
					31.8.22	31.8.21
	Amounts falling due within	one year on demand:
	Bank overdrafts				1,285	1457
17.	LEASING AGREEMENTS
	Minimum lease payments under non-cancellable		operating	leases fall due as follows:
					31.8.22	31.8.21
	Within one year				36,000	48,000
	Between one and five years				108,000
					144 000	48 000

MOVEMENT	IN FUNDS
			Net	Transfers
			movement	between	At
		At 1.9.21	in funds	funds	31.8.22
Unrestricted	funds
General fund		1,038,428	(215,749)	(9,531)	813,148
Pension liability fund		~53,787)		9,531	~44,256
		984,641	~2)5,749		768,892
TOTAL FUNDS		984 641	~215 749)		768 892
Net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
General fund			1,398,513	(1,614,262)	(215,749)
TOTAL FUNDS			1,398,513	i1,614,262)	~215,749)

					Net	Transfers
					movement	between	At
				At 1.9.20	in funds	funds	31.8.21
Unrestricted		funds
General Pension	fund liability		fund	1,105,893 ~59357)	(61,895)	(5,570) 5 570	1,038,428 ~53 787)
				1,046,536	61,895		984,641
TOTAL	FUNDS			1,046,536	~61,895)		984,641

Comparative	net movement	in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		1,471,859	(1,533,754)	(61,895)
TOTAL FUNDS		1471,859	il 533 754)	~61,895)

Period Endin 31Au ust 2022
Provision at start ofperiod		f.53,787
Unwinding ofthe discount factor (interest expense)		555
Deficit contribution paid		(K 5,797)
Remeasurements - impact ofany change in assumptions		(f 7,347)
Remeasurements - amendments to the contribution	schedule	K 3,058
Provision at end ofperiod		f44,256
Period Endin 31Au st 2021
Provision at start ofperiod		f59,357
Unwinding ofthe discount factor (interest expense)		506
Deficit contribution paid		(K 5,628)
Remeasurements - impact ofany change in assumptions		(K 448)
Remeasurements - amendments to the contribution	schedule
Provision at end ofperiod		f53,787
Income and ex enditure im act
Period Endin 31Au st 2022
Unwinding ofthe discount factor (interest expense)		555
Remeasurements - impact ofany change in assumptions		(X 7,347)
Remeasurements - amendments to the contribution Contributions paid in respect offuture service *	schedule	K 3,058
Cost recognised in income and expenditure account
Period Endin 31Au st 2021
Unwinding ofthe discount factor (interest expense)		506
Remeasurements - impact ofany change in assumptions		(K 448)

for the Year Ended 3	1Au ust 202	2
			31.8.22	31.8.21
INCOME AND ENDOWMENTS
Investment income
Bank interest received				31
Charitable activities
School fees			1,369,121	1,451,614
Events &charitable activities			12,087	3,104
Other income			178	5,572
Entrance fees			750	1,100
Uniform sales			7,111	9,210
Trips &excursions			9,155	1 228
			1,398,402	1471,828
Total incoming resources			1,398,513	1,471,859
EXPENDITURE
Administration ofthe	school
Hire ofminibus			1,009	6,212
Diocese land rent			100	100
Departmental expenses			19,799	10,600
Examination fees			10,345	7,039
Subscription &licences			16,382	13,400
Telephone			2,534	3,061
Postage and stationery			25,963	25,989
Sundiy meetings &refreshments			1,966	5,627
Advertising			5,180	3,987
Continued professional	development	and training	1,775	1,709
Debt write-off and provision Trips &excursions			66,455 13,959	(7,339) 2,824
Uniform purchases			10,385	10,359
Minibus running costs			2,922	1,074
Disclosure and bairing	service checks		596	383
ITmaintenance and contracts			48,000	48,000
Bank charges			404	30
Events &charitable activities			16066	4,896
			243,840	137,951
Staffing costs
Wages			936,641	943,342
Social security			89,261	83,220
Pensions			174,986	177,268
Recruitment costs			2,881	4,375
Expected return on pension scheme assets			(4,289)	(448)
Interest on pension scheme liabilities			555	506
			1,200,035	1,208,263

for the Year Ended 3	1	Au ust 2022
				31.8.22	31.8.21
Staffing costs
Premises costs
Cleaning and waste removal Heat &light Insurance				43,705 26,921 12,072	65,267 25,915 9,431
Rates &water				10,688	5,873
Building maintenance renewals	&	other repairs	and	35,524	43,098
				128,910	149,584
Other charitable activities
Amortisation ofthe website					900
Freehold property Property improvements Plant and machinery				2,032 4,154 9,260	2,032 4, 154 4,986
Fixtures and fittings Equipment etc Computer equipment				2,132 1,068 4 059	2,843 1,424 4493
				22,705	20,832
Support costs
Governance costs
Auditors' remuneration				4,395	4,089
Auditors' remuneration		for non-audit	work	4,395	4,089
Legal and professional		fees		9,982	8,946
				18,772	17,124
Total resources expended				1614 262	1,533 754
Net expenditure				~215749)	~61,895)