## ## ## |||| |---|---|---| |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)|