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2021-08-31-accounts
Trustees P Hemsley
A Kelly
V Trafford
M Whitaker
Charity number 1003916
Company number 02625721
Registered office 33 Derby Road
Nottingham
NG1 5AW
Auditor Higson 8 Co.
White House
Wollaton Street
Nottingham
NG1 5GF
Bankers Allied Irish Bank (GB)
58 The Ropewalk
Nottingham
NG1 5DW

Page
Trustees
report		 1-9
Statement
oftrustees		 responsibilities to
Independent
auditor's		 report 11-14
Statement
of financial		 activities 15
Balance sheet 16
Statement
ofcash flows		 17
Notes to the financial statements 18-28

ST JOSEPHS SCHOOL NOTTINGHAM INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF ST JOSEPHS SCHOOL NOTTINGHAM Auditor's responslbllltles for th8 audll of th6 financial stat•mants Our objectives are lo obtain re3sonable assurancé a￿ut ￿ether the financial statements as a whole ar¢ free from material misslalemenl, whether due lo fraud or error, and to issue an auditor's report th81 includes our opinion. Reasonable assurance is a high level of 8ssumnce. bul is not a guarantee that an audit conducted in accordance 4Mth ISAS IUKI will always detect a material misslalemenl when il exists. Misslatemenls &8n arise from fr2ud or error and are considered material if, indiwdually or in thè aggregate, they could reasonably be expected lo Influence the economic deci510ns of users iaken on the basis of these finanaal slalèments. Irregulariti¢s, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, lo del¢cl material misslalemenls in respect of irregularities, including fraud. The extent to which our pro¢èdures are capable ol delecling irregularities, including fraud is detailed below. B2sed on our understanding of the company and industy, we identified th81 the principal risk of fraud or non- compliance with laws and regulations relal&d to.. management bias in respect of a¢counting estimates and judgements made., man2gemenl override of control., posting of unusual journals or transactions non-compliance wlh bank loan covenants We focussed those areas Ihal could give rise lo a material miss121emenl in the Company finan¢i31 sl818menls. Our procedures included, but were not limited lo.. Enquiry of management snd those charged wth govemance an)und actual arid potenlial litigation and claims, Induding instances of non-compliance with laws 2nd regulations and fraud; Reviewing minutes of meetings of those charged with governance where available,, Reviewing legal expenditure in the year to identify instances of non-compliance wlh laws and regulations and fraud Rèviewing financi21 slalement disclosures and testing to supporting documentation lo assess compliance ￿￿th applicable law$ and regulations. Performing audit work over thé risk of managèment override of controls, including lesling of journal éntries and other adjustments for appropriateness, ¢valuating the business rationale of significant transactions outsidè the normal course ol business and rewewng aGGounling estimates IOT bias. In particular 311owance for bad debt prowsions and insurance claim liabilities. 11 is the primary responsibility of managemenl, with the ovèrsight of Ihose charged with governanee, to ensure that the entity's operations are condueled in accordance wilh the prom￿On$ of laws and regulalions and for the prevention and detection ol fraud. Because of the inherent limilation3 of an audit, the￿ is a risk that we wll not delecl 811 ir￿gU1a[1Iie$, including those leadin9 to a material misslalemenl in the financial slalemenls or non-cornpliance regulation. This risk increases the more that compliance with a law or regulation is removed from the evènts and transactions reflected in the finanaal statements, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, ag fraud involves intentional eA)ncealmenl, forgery, ￿lI￿SlOn, omissi(>n or misrepresentation. A further d￿ct1ptiOn ol our responsibililiÈs for the au(Sit of Ihe financial slalements is located on the Financial Reporting Council's website at.. https'.Ilww.fr¢.org.uklOur-WorkJAudiVAudit-and-assurancelSlandards-and- guidancÈlStandards-and-guidance-lor-audilorslAuditors-responsibilities-for.audiUDescription-Df-8udilors- responsibililies-for-audil.aspx. This description fornis part of our auditor's report. 3-

Unrestricted
Unrestricted		 Unrestricted
Unrestricted		 Tota I Total
funds funds
general property
fund
Notes 2021 2021f 2021f 2020f
Iit~og from
Donations
and legacies		 3 23,861 23,861 22,465
~Ch
t t
t ttt*
Charitable
Income		 4 809,991 809,991 872,598
Total income 833,852 833,852 895,063
g2g~en
~re
~Ch ~bl .~ci
IIes
Charitable
activities		 5 859,974 11,946 871,920 929,263
Total charitable expenditure 859,974 11,946 871,920 929,263
Other 10 4,828 4,828 6,935
Total resources expended 864,802 11,946 876,748 936,198
Net expenditure
Net movement		 for the year/
in funds		 (30,950) (11,946) (42,896) (41,135)
Fund balances at 1 September 2020 401,848 465,892 867,740 908,875
Fund balances at 31August 2021 370,898 453,946 824,844 867,740

2021 2020
Notes 6 F
Fixed assets
Tangible assets		 864,558 897,805
Current assets
Debtors 12 119,944 147,423
Cash at bank and in hand 32,542 77,034
152,486 224,457
Creditors: amounts
one year		 falling due within 14 (73,759) (86,754)
Net current assets 78,727 137,703
Total assets less current liabilities 943,285 1,035,508
Creditors: amounts
more than one year		 falling due after 15 (118,441) (167,768)
Net assets 824,844 867,740
Income funds
~uti
t dt		 d
General
unrestricted		 funds 435,542 397,416
Property
fund		 473,333 487,298
824,844 867,740
824,844 867,740

2021 2020
Notes f.
Cash flows from operating
Cash absorbed
by operations		 activities 20 (2,076) (54,319)
Investing
Purchase		 activities
of tangible
fixed assets		 (2,492) (490)
Net cash used in investing activities (2,492) (490)
Financing
Repayment		 activities
of bank loans		 (39,924) 6,283
Net cash
financing		 (used in)/generated
activities		 from (39,924) 6,283
Net decrease
in cash and		 cash equivalents (44,492) (48,526)
Cash and cash equivalents at beginning ofyear 77,034 125,560
Cash and cash equivalents at end of year 32,542 77,034

Unrestricted Total
funds
general
2021f 2020
6
Government grants received 23,861 22,465
Grants receivable for core activities
JRS Grant 23,861 22,465
23,861 22,465

Charitable Charitable income
Income
2021 2020
f
School and Nursery fees 808,502 868,127
Other income 1,489 4,471
809,991 872,598

Charitable
a		 ctivities
Charitable Charitable
activities activities
2021 2020
f f
Staff costs 618,843 646,576
Depreciation and impairment 35,739 36,166
Rates &water 5,478 7,044
insurance 8,198 8,255
Light 8 heat 16,071 14,306
School &office requirements 29,606 34,432
Bursaries
& staff discounts		 70,954 84,753
Food, cleaning
& hygiene		 59,525 51,490
School trip & sport costs (386) 7,395
Training,
inspection
& subscription		 costs 5,838 6,455
Sundry costs 290 1,097
Bank charges &interest 1,889 2,307
Bad debts (1,661) 2,213
Legal fees 2,575 3,356
Repairs
& renewals		 7,790 13,716
860,749 919,561
Share ofsupport costs (see note 6) 11,171 9,702
871,920 929,263
Analysis
by		 fund
Unrestricted funds - general 859,974 921,822
Unrestricted funds - property fund 11,946 7,441
871,920 929,263

6 Support costs Support Governance 2021 2020
costs costs
8 6
Audit and Accountancy 11,171 11,171 9,702
11,171 11,171 9,702
Analysed between
Charitable activities 11,171 11,171 9,702
7 Auditor's remuneration
The analysis of auditor's remuneration is as follows:
2021f 2020
f
Audit ofthe annual accounts 4,123 4,080

The average
monthly
number		 ofemp loyees during
the yea		 r was:
2021 2020
Number Number
Teaching
and other staff		 41 41
Employment
costs		 2021 2020
6
Wages and salaries
Social security costs
Other pension costs		 535,414
33,435
49,994		 563,165
39,269
44,142
618,843 646,576
The
number
of employees		 whose annual remuneration was E60,000 or
more were:
2021 2020
Number Number
660,001 - 670,000 1 1

Other
Unrestricted Total
funds
2021 2020
6
Financing costs 4,828 6,935

11 Tangible fixed assets Tangible fixed assets
Freehold
land		 Property Plant and Total
and bugdlngs
E		 Improvements
f		 equipment
f
Cost
At 1 September 2020 850,000 159,890 148,910 1,158,800
Additions 2,492 2,492
At 31August 2021 850,000 159,890 151,402 1,161,292
Depreciation and impairment
At 1 September 2020 44,736 92,661 123,598 260,995
Depreciation charged in the year 22,368 7,470 5,901 35,739
At 31 August 2021 67,104 100,131 129,499 296,734
Carrying
amount
At 31 August 2021 782,896 59,759 21,903 864,558
At 31 August 2020 805,264 67,229 25,312 897,805
was f531,729 .
Debtors
2021 2020
Amounts
falling due within one year;		 f E
Trade debtors 101,522 128,792
Other debtors 11,000 10,400
Prepayments and accrued income 7,422 8,231
119,944 147,423
Loans and overdrafts
2021 2020
f f
Bank loans 164,943 204,867
Payable
within		 one year 46,502 37,099
Payable
after		 one year 118,441 167,768

14 Creditors: am ounts falling due within one year
2021 2020
Notes F. f'
Bank loans 13 46,502 37,099
Other taxation and social security 6,202 11,429
Trade creditors 4,831 9,393
Other creditors 9,007 6,293
Accruals
and deferred		 income 7,217 22,540
73,759 86,754
15 Creditors: amounts falling due after more than one year
2021 2020
Notes F f
Bank loans 13 118,441 167,768

Balance at Resources Balance at
1 September expended
31		 August 2021
2020
E
Property fund 465,892 (11,946) 453,946
18 Analysis of net assets between funds
Unrestricted Restricted Total Total
2021 2021 2021 2020
f E f f
Fund balances at 31 August 2021 are
represented by:
Tangible assets 410,612 453,946 864,558 897,805
Current assets/(liabilities) 78,727 78,727 137,703
Long term liabilities (118,441) (118,441) (167,768)
370,898 453,946 824,844 867,740
Cash generated
from		 operations 2021
F		 2020f
Deficit for the year (42,896) (41,135)
Adjustments
for:
Depreciation
and impairment
oftangible		 fixed assets 35,739 36,166
Movements
in working		 capital:
Decrease/(increase)
in		 debtors 27,479 (43,291)
(Decrease)
in creditors		 (22,398) (6,059)
Cash absorbed
by operations		 (2,076) (54,319)

Unrestricted
Unrestricted		 Unrestricted
Unrestricted		 Total Total
funds funds
general property
fund
Notes 2021
f		 2021
f		 2021f 2020f
Iggom~fgm:
Donations
and legacies		 3 23,861 23,861 22,465
C~h
School and Nursery fees 808,502 808,502 868,127
Other income 1,489 1,489 4,471
Total income 833,852 833,852 895,063
~xengttttre
orb
Cha~t~te a~/les
Staff costs 618,843 618,843 646,576
Depreciation
and impairment		 23,793 «,946 35,739 36,166
Rates &water 5,478 5,478 7,044
Insurance 8,198 8,198 8,255
Light & heat
School & office requirements		 16,071
29,606		 16,071
29,606		 14,306
34,432
Bursaries
&staff discounts		 70,954 70,954 84,753
Food, cleaning
& hygiene
School trip & sport costs
Training,
inspection
&subscription		 costs 59,525
(386)
5,838		 59,525
(386)
5,838		 51,490
7,395
6,455
Sundry costs
Bank charges
8 interest
Bad debts		 290
1,889
(1,661)		 290
1,889
(1,661)		 1,097
2,307
2,213
Legalfees
Repairs 8 renewals		 2,575
7,790		 2,575
7,790		 3,356
13,716
S
ort an
Govern
ce
Audit &accountancy
costs		 «,265 «,265 «,548
Total charitable
expenditure		 859,974 «,946 871,920 929,263
Loan interest
paid		 10 4,828 4,828 6,935
Total resources expended 864,802 «,946 876,748 936,198
Net expenditure
for the year/
Net movement
in funds		 (30,950) («,946) (42,896) (41,135)

21 Analysis ofchanges
in net (debt)/funds		 ofchanges
in net (debt)/funds		 At 1 September Cash flows At31 August
2020 2021
f f
Cash at bank and in hand 77,034 (44,492) 32,542
Loans falling due
Loans falling due		 within one year
after more than one year		 (37,099)
(167,768)		 (9,403)
49,327		 (46,502)
(118,441)
(127,833) (4,568) (132,401)