8T. IVWEFRIDES SCHOOL SFIREWSBURY TRUST Charfty regSstr•Yon numbgr 11)37397 Crynp•ny reglstralion number 02772962 (England and Wal•sl AIINLIAL REPORT AND UNAUDITED FINANCIAL STATEMEirrs FOR THE YEAR ENDED 31 AUGUST 21)23
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trusteeg E Tatg S 0strowti E Coxhead C MathewB R Thevath8SOFI ATaO Tho Headnwter and Bursar (chlgf exo¢Utlve R GLX) Offie•r) Charkty numb•r 1037597 Comparby number 02772962 Regist¢r•d offic• St Win8frfde¥ SCI1 Belmnt Shr8wBbury Shropshito SY1 1TE Indopendortoxamln Oyke yey LlmM8d 1 Brassey R08d Old Potts Way Shrewstyjry Shropshlre SY3 7FA
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST CONTENTS Tntstees. report Independent examiner's reFrf)rt Statement of fman(xal acti¥iles 88lance sheet Slatement tsfc8sh flows Notes lo Iho fvancial Statements 7-16
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST TRUSTEES. REPORT VNCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2023 The tNstees presenttheirannual rgptyt and nanth statements forth8 endod 31 AtyJust KJ23. The fin2nd81 statements have been prepared In accordan wlth the a(UtIng )118$ set oul In not8 1 to th8 finandal statements th (¥)mply whh the Is1,8 g)V8ming dDoJment. the Companies Act 2006 aThJ'Accounting 8nd Reporting by Chariti"es: Ststement of Rewrnmended Pr2dce 8pplitrable tsj charities preparfng Iheir a¢¢ounts lft occcdance wlh the Report9 StaFKlatd ap1(b in tha UK arwj Repu of IrelaThJ (FRS 1021" (¢llective 1 Jamjary 2019). Objodivo8 and •¢tlvttle8 The object a8 set CAJI In the MOr?lUm, whth 18 the gjvemiro ¢xlen(lg 1he runThng of an ind¢pendenl sth¢ol. In wlth the Mernorandum. the vs a day school and ndergtrn fc wplls up to the age of élèven. educab.ng them to a histh stsndard to enabk th to move to a seThor3chool. Tha schcd alms to hdp low Ineome parsnts by offering r8duc8d fees lo enable Ihelrthlldren to alland Ihe school. Tho s¢trKX)l alms lo teach chlldren the imrthan( 01givlng and sharirtsj vJith roople who fonate. Publlc benefit The trustees have pa duè r8gard to guKlan¢e isswl try the Charity Commisslon In d8chaing what activrflas thg tru51 shoukj undertake. VoKunl&e The Charty 16 not depd8t up)n th& servxes of unpa vOlta8. Achlevemènts and p•rfornnc Si9niffcant èrthVItS and a¢lvMents ag8instobdTht$ ThÈ average nurrQ)er of pupÉls in the year ended 31st August 2023 was 101 12(Y22 - 1151. made up of 47 infants P022-391. 49 junK)rs12022- 541 and 6 kindgrwJ8rt8n12022- 221. Th• Twste8s repxyl a fe8 incc•ne tr the year 01 £48g.25812022 - £468.43018rwJ for ts year of£153,199 20r2- deldt £21S.3801. Fln)nclal Yevlew RThes poky It is tha Choritls pollcy to retdn 8¢Jequ8te rnwv¢s to be ablo to fund future opwaticks. Prf(Y to 1 Soptamber 2020 the Headmistrès$ vpas paid a $alary bekn¥ Ma(el valug. Th¢re had preOu5 been a pdicy of buSlding up rer¥5 lo rthe additvjnal costs thatarised en a nèw Head teacher was appointed as at 1st SWmb8r 2023. Followng the bppointment of Ntr3 E D8¥ey re8eFw WHI be used to cover 8 salary et mthel v8lu&. A0 Ihg tru$199 have startad lo use thg reserves to upda1& the sch(y)I buildir¥J facdltios as planned. The sthool has $6t up a restrfded fund to provkl0 a bursay for under privilegod thildren wlshlng to attend the 5th001. £17.816 ts hehs In a separate account as re8ourc95 d85ignated lor ydal pukposes. Investm8nfWiey The Memorandum allows th¢ Dlreclors to knvest MleS not knmediatsty TeqLUTfjd for its purposes in Sh Invoslm9nts. seCurftS or proFerty a5 the DiTertors ¥h811 thlnkfft. sub¢110 Ch8rity Law.
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 AlaiorHsks The trustees have assessed the maipr risks to which Ihe the twst is ey¥Josed. and are satsfied that 8y8tems are ¥1 pb¢o to rnibg$t& exposure to Ihe mahx risks. The School has a risk assessment p¢4icy h pkcfj WCh Is contlnualty urMJ8ted. tt a150 maintains an SanGe p)Iky which Iar9 mAjor risks. Plans lorfutur• p•rfods The School expects to conJThJo edu¢alKal fvnction and to remain 180. The school Is currently provli1ing financlal 8S51StaT to a lo¢•1 dub in 8 dewived area ol Shrwsbtwy and pl to contlnue to do 60 ift the future. 8trUCtr•S gov•mance and managom8nt The charity is reglstsred a¥ a company limited by guarantee 8nd is ConStled 1&r ts Memorandthn andArtid85 of Asso¢iatvJn. The INsteas. are 41¥0 tha dlredors for tha purpose of eA%npany law, Jcl wh) seNed dumg the ye8r and up lo lh¢ dafe of s¥Jnature ofthe fin8nclAI statements were.. P Strong E Talg S Ostrowski C Morgan E Coxhead C Motthtsws R Thgvalhason A Taylor (Reslgned 31 August 20231 Recrnltmgnt and appointnpnt¢Jf tiustses The mafiag8m&nt of the ts the responsibilly of the TrtJst8ès who ar8 dectsd and ctropted under the tenrn of the Memorandum. New Irustow are Invlt8d to attend Twslees rfteellngs aThJ are #ssL8ted by olher members of the Board. Ow8nis81ionalslnKtur8 The ch8rtty ganised with 8 Board of Trusleès. The doyto day marwgernent oflha o)mpany are d818gat•d lo the Headmaster and Bursar. Othermetter8 Te ftnanclal 8tom8nts have boon prepared In aCrdanc8 wilh Ihts provisions appIable to Comparn wjbjact to th8 Small companies wim8. The tru$199s' report was approved by Board of TNstees. Pst Thistee
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST l part to the trustses on my 8xaminn of the financial ststements of St. Wkneffidè's ScooJ Shivrtslmjry Trust {th8 tnjst) forlha year endesl 31 Augvst 2023. Respon51bllltlas and bagiB of r8port AS the Iru8tees ol the trust laTrd also its dlrectors for the purwjses of company law) you are responsibl¢ for the PTèparaon of th• ¢181 ststements In accordanc wllh the requlrements of Companie5 A¢t 200$ {the 2006 Acil. H8vlng sallsfied my7eff1hat th8 lhala1 sialernents ol th• t1 ar8 mt rEquir8d to te audit£d Part 16 of fhe 20Q6 Act and are èligib for independent eX1tiOn, I report In respect of my examination of the Irust's financial st•tements caThied out und9r Section 145 of the Charities Ad 2011 Ilhe 2011 Actl. In carying out my examinalion I have folbwed all the appl¢¢able D1rethc thven ty the Ch8rity Commlsgkn Injer Sec 145ISXbl of the 2011 Act. Ind•p•¥ examlnèts stat•m•nt sin the Irust's ws IwJm8 exceeded £250,000 your examinar must be a mèmtw of a tody listed in secllon 145 of the 2011 Act. I confwm that l am quahfied io undertake thg examina1 be(zu5e l am a member ofA8scd8tion of Charter8d C8rtlfied ACttntant$ (ACCAI- UK, whith Is one ofthe listed bodies. I hm completed my exarnlnation. I confimi that Th) rnatters hav8 come to my attefirf in ¢onn8¢tth wlth the examination grvin9 mè Cause to believ8 that in any materFal re5tr. accounting WEd9 werè nol kept in r98ped oflhE trust as required by sectth 386 of th9 2006 Act.. c thè finandal stat8nWits d¢> nolacLDrd wilh those records; OK Ihe financlal statern8nl$ do not wth the ewounting iequirements 018ection 396 tsf the 2006 oth8r Ihan any requ1ment th8t Ihe 8ecounts olve a true and raT vièw whirj) is not a matter eth)sidèred as part of an 1rn1gpend8nt exarrinalion", or Ihe flnanclal statsments ha ncl beon pr8par•d in aeeL¥dartt with Ihe methods ond prfno)18s of tho statement of Recommemded Pracuce for aco)unting #nd tn9 by chariti86 8N)IaA6 to charilies prepaiTng th8iF actounts In accordanc8 with the Financial RepOr1)g StaThJard aprAi¢able in Ihe UK and Repubh'c of Ireland {FRS 1021. I havè no concem8 and have Come across no 0th8r matters in connecEion ith the exorranauon tr) wlmch attantKJn should b6 drawn In thls rnport In ord¢rto •naNo a ptopor undgrstanthng ol theffin8ncial stalem¢nts to be reac4d. Authey Imlllams FCCA Dyk• Yaxley Llrnlted Au4 l Brassey Ro& Potts Way Shtgwsbury Shfgpthire Dalgd..
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 Ubwestricted Rèslrf¢ted funds nds 2023 2023 Total Unr¢strlctod R•slrlcted funds funds 2022 202Z Total 2023 Income from: Don2dong and legaix Charitsblo actlvtt Otsr trdding aCtivitS Investments 98.TT4 494.699 999 9,669 8.774 494.699 473,028 473,026 102 9.771 978 10 Totsl incom• 604.141 102 604243 474.370 10 474,380 ExpgndFture on: Ralslng fund$ haritsble activil Othgr oxpenditur 1.840 687,393 527 757,442 7SI.442 697.393 527 Total expandltur4 757.442 757.442 689,760 689,780 Net Incomel(•xpgndlturel )nd M0metht in funds 1153.3011 102 11S3.1991 {215,390} 10 {215,380) Recgncilialion of fvnds: Fund balances at 1 Sept8mbgr 2022 1.063.957 17,816 1,081.7n 1.279,347 17.806 1.297,153 Fund balan¢•s at 31 Au9USt 2023 910.6 17,918 928,574 1.063,957 17,81fj 1,081.7T3 The statement of fjnand81 actsvitss knclud8$ 811 galns and losses ¥ecognised in Ihe year.Al income and exp8nthture darive from continuing 8GtiviUe5.
ST. WINEFRIDE'S SCHOQL SHREWSBURY TRUST BALANCE SHEET AS AT 31 AUGUST 2023 2021 Rxed assets Tangible assels 13 333.440 355.314 Currènt ass•ts Dgbtors Cash at bonk 8nd In hand 14 179,427 667,030 185.513 8%.012 846.457 1,011.525 CredFtors: amounts falllng due wlthln one yew 1$ {251.3231 (285,068) NBt ctsrr•nt assèts s95.134 726.459 Total aB$•ts1gs¥ ¢urrenl Ilabllltleg 928,574 1.081.773 Nfjt a689ts •xcludlng pension 1Sablltty W28,574 1.081.773 Th& fund$ of th• trust ReslT(ded ino)me funds UnstrIcted fund8 18 17,916 910.656 17.816 1.063.957 928.574 1.081,773 Th8 CA)mpany is enlitl8d to thè èxetr(Jlon from the audit requir9m8nl contaln8d In section 477 of the C(np8r•sAct 2006, for the ye8r ered 31 st 2023. The dlrectOTS ackrw)wte(Ige Iheir responsilitIeS ltsr eom with trR requlrerrKgnts of the Ccfflpanlès Aet 2006 wth respe¢l lo accountirKJ records and the prep8ration ol finanryol st¢ments. The membws have nol requlred the ojnpny to obtaln an audit ol it5 nancl 5tatern)ts forthe year In we8tlon li aw)rdancL with SeCt)n 476. These finoncial st8tements hov¢ teen prepared In acu)ri1e wth th& prov10 appl*gbl& to sJmFonl8s sublÈd to th8 small comp8ni&s rggimE. 27.0È. £024 The flnancial Statsnts aFvro¥ed by Ihe tru8t889 th)...................... P Str Tru#tee Cc4npany giStra1)n nUIrt)errI292 (Engl and Wal&sl
ST. NEFRIDE's SCHOOL SHREWSBURY TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2023 2023 2022 8$h fl*yWS frorn operatlng Ortiviti•s Cash obsort)ed by oporations (168.7531 1143,0371 Investing athltle5 Purchase oftsngible fixed assets Inv8strnent income receN8d {15.7571 988 9,171 Nat cash 9gnerat•d froml{used Inl Invgsting actlvltles 9,771 (14,769} Net ra¥h usod In Ilnonclng actlviuos Net decrease In cash and Gash èqulvalents {158.982} (157.8061 Cssh and cash equivalents at bÈginning of year 826.012 983.818 Cash and cash •qulval•nts at •nd of year 667.030 826.012
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Aeeountlng polklés Charfty Inforniatlon st. Winefride's S¢hcx)I Shrewsbury Trust 58 8 prlvate company limSted by guwantee Incx)rpomted In EngloThJ and Wales. The r89iStered Offi is StWin8file Sthod, B8lmnt, Shrewsbury. Shropshirè. SY1 ITE. 1.1 Ae¢wntlng conv•nt Th8 financAal st8tement8 have been prepared in aco)rdan¢e wth tho trust's Momorandum and Artides, Compani95 M 2006. FRS 102 Financia Reportin9 StsrKlard apICable in the UK and Republic of Irdand. I"FRS 102,1 and th& Charftles SORP 'Accounling and RepDrlng by Chariis- Statamont of Re¢omm¢nde¢J Pr8di¢e appll¢alJe to (ariD'os propartny their accounts in £ccordanc4 wllh the FlTrancial Reporting Standard appllcable In the UK and Rèpublic ol Ir81and IFRS 102I°18ffeets"v 1 January 2019). Thé IrL is a Public Benefit Entity as d8fined by FRS 102. The n8Cial glatertpnts 8re prepared in sterting, whil is the funciion81 currerty of the tyust. Monetary amounts in these finanoal ststgmants are roundad lo th8 n8ar8s1 £. Thè finanoal statemgnts hav& bean prwréd under thè historieal ¢0st ¢onvenY¢Jn. The printipal aeethnting Olie$ adopted are set out below. 1.2 G¢h)g Mnc•rn At the tlme of approving the flnand61 statements. the trustees have 8 re4& èxpèdalk>n that the trLL8t has adequate resrAJr¢es lo continue in operational existence for the foreseeable fubjro. Thus the truStS continue to adopt the going cone&m basls of accounllng in proparing the financTal stslernents. 1.3 Charltabl• fund• Unrestrirled fvnd3 artr avallable for use at the dkcretion d the trustees On lutherance of their charftat4e obFdives. Deslgn8ted funds WTnprise funds which have been sei aslde at tho dtscrelion of the trustees tor Sp¢ purposes. The purposes and uses of Ihe deslgrnated lunds are sèt out in the not8$ ttt Iho fin8nriÈl Atstem8nls. Restricted ndS Bre 3ubject to SperAr condthons by donors or grantors as tr¥ how they may be used. The puwes and us6s of th6 rgstsieted lunds are sel out in the notes to the narla1 statements. 1.4 Incom Incorne is recognIs when the trust Is legalty ents.tled to It aftef any perforrnan(x corthons have been met, th8 amounts Ln be rnès8ud reliatly, 8nd il i8 yob8ble Ih8t irwme ¥AlI te received. Cash (atsOn8 are re¢ognlsed on receipt. Other donations ar8 [grniSed the tr1 bpen notified of the doftation. unless perfomnc¢ condilions requir? deferTal ofthe anwunt. Fees are recognised when the trust Is leghHy ent6Ued 10 It 8fter 8ny pertorrnawe conditsons have been rnel, the amounts can be measured relk?bty, and it Is probable that the income w1 b• r•ceiveé. Income deferred r6spact of cash r8c•ivsd ralatlng to fvlure fe9$. 0of8tt£d InMe is £241,35212022- £259.6D1) as 8 rasult of fe8 Invoices b8ty ralsed prior to Ihè year end ich relate to Ihe frjllowing acad&nic year. Debtors are wognl8ed when the Charity ha5 entitlement to th8 funds after any parfcfm2nce conditions have b8an mèt, amounts C8A bè mèÈÈud relbly, and It i8 probable that the inc4)mo will be rece¢d.
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Aceoufttlny pollcl•o IC•)nllnuedl 1.5 Expondlture l expeThJitLTrre Is accounted for on an ¥¢wals bas and reld costs aggregated Into trtes. Costs are allOted bohveen dir£ct chatable costs, supFort & governan costs and other costs accrrding to the nature DI the cxjst. Cr8dilor3 are r8wgnised where the tharity h88 a presènt oblKJation resulh'ng firrfn a past event that wlll probabty restsh In the transfer of lurKls to 8 thtrd party and Ihe amounl due to seiutr the obllgatton can be moasumd or e$tim8t8d reliabjy. Cre(Jttors 8nd prowsions a nom78lly r8croni5gd at their getuement amount. 4.6 Tangfblg fixed a8s•ts Tangible fixed asset5 ara initlally moasur•d al cost and subs8quanty measured at cost or vduation, n¢t of depre¢ialion and any impaimwnl Jo8ae8. Depre¢i8tion is recognised 80 as to bwite off the cost or valuatlon of a95ets legs their residual valuas 0r thelr useful Ilves on Ihe followng bases.. Freehold pioporty & Improvemenls Equipment Webslt8 2% annum stralght line 25% per annwn redudng balare 33.3% per annum $ght Iln8 Th& gain or lo¥$ ¥rtslng on the dlsposal of an assel 15 detenid as the (Jlffrence b@een the sale pro&dS 8nd th& ¢arryfv]g value of the 888¢(8nd B re¢xyls•d in the statement ol fThrKAal activtties. 1.7 Impalnnent offixed At each reporbng er dgts, the trust reviews ihe caryirNJ amounts of its tangiNÈ assets to detennine whelhÈr th8r8 is any indieAtion that those assets have suff8rgd an bmpairment loss. If any such IndiL%tion exists. Ihe rgmrablé atrwnl olthe asset is estimatad in order to (Jeternine Ihe extent of the imprment loss (if any). Cash and ¢ash gquiv418nts Cash and cash equivalents include Cash in hand, deposits hekl at cau with banks, trther shct4emi Ilqurd invèstmènts wtth original maturities of te month$ or less. And bank 0rdraft3. Bank ov8rdrxfts are ghown wNhin boffowlngs in current liabilib'gs. 1J Financjal Ingtrumonts Thg Ist has èkcted to apply the provi$ion$ ol Saclion 11 'BaS Financlal Instruments. and Se¢on 12'01her Financlal Instruments Issu85' of FRS 102 to all of it5 firtW7cial $tMents. FInala1 Instruments are recoonisèd In the trusfs balance sheet bthen the trnjst becomes party to the tracWal prnvisions of the IrstrumgnL Flnancial assels and liabllllles are offset, with the net amounts prc3ent8d in the financial statement$. when Ihere Trs a legaly enforceable right to set off the re¢ognlsgd amounts aThY there is 8n intention to settle tsrn 8 nol bAsls or to regllse the osset aThJ sethe the lithuty slmullaneousty. 1.10 Employw bon¥fft8 Th8 CA)St of any Unused holklay enlitl8mènt i% rtC4Jgn168d In the period irb whKh the employ8e'$ Servi are rnrived. 1.11 R•tlrement beneflts PaYrnts to defined ¢tsntribuliDn lerement benefrt schemes art tharged as an &xpans$ Ss thèy f8K (kte.
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONnNUED) FOR THE YEAR ENDED 31 AUGUST 2023 Inm¥ from dOnOn8 and lega¢io5 Unrestrlcted Unr8stslct•d funds funds 20ZJ 2022 Govemmenl granl Donat6d goods and Services 98,181 593 366 98.774 366 I0m•frOM charltabl8 actmtles Unr•strl¢ted Unrn$trKted lundj fvnds 2023 2022 stWinrIde's School Fee income Incom¢ from tdps and luck shop 489.2S8 5,441 468,430 4,596 494.699 473,026 Comt from oth8rtrading act4vlll86 Unrnstsicted Unrestrlcted funds funds 21123 2022 Fundra581rwJ enIS Inetsmè from Invèslmènts Unr•StrfCt R•strl¢ted funds nds 2023 2023 Total Uryestrkted R•Blricted funds fun(ts 2022 2022 Total 2023 2022 IntsTèSt reothiablè 9.669 102 9,771 978 10
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Expendituro ¢n ralsSng fund¥ lthrestrfctsd Unrestriet8d funds funds 2023 2022 Fundraltslng ab)d publlclty Cther fijndlny rxJ*s Exp8nditure on charltable odivitl•8 si nefrld•'$ Wlnefrlde's hool School 2023 2022 Dlrèet ¢osts 469,169 21,874 421,419 23,616 7,723 91,922 7,g87 11,024 2,388 18,715 0,430 3S4 13,984 Depreciation and Impa1ni Cost of trips and tudt shop purchas89 Repalrs and reOalS Schoc4 books and educational equipment Ughl, heat end water Hovsehold expen Telephone, postage and 8t8lk)nery Gentt81 r8tes Sundry iteffo Bad debts wrrften off 76,019 9,021 11,955 13,884 10,580 2,326 624,824 605,562 Sh•M of support and gOvarnan eosts (#•• not• 81 SLPPOrt 124.735 73,235 8.596 757,442 687.393 Anatysl$ by nd Unrestricied knnd$ 757,442 687,393 10-
ST. WINEFRIDE'S SCHOOL SHREWSBURYTRUST NQTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Support c(¥sts Support G0Man¢• 2D23 Support Governance costs 2022 Staff c¥)sts Courses, IenC8S and subsup.0nS Insurance AdVesIng 75,975 75.975 41,344 41.344 26.518 16.916 5.326 26.518 16.916 5.326 16,207 14.068 1.616 16,207 14.068 1.616 Independent examinat 3,957 3.926 3.957 3.926 2,000 2.000 6.596 A¢ix)untancy 124.735 7,883 132,618 73.235 8,5 81.831 AN81ysed beeen Chaiir8bl$ advlties 124.735 7.883 132.618 73.235 8.596 81,831 Governance o)sts incbjdes pyyments to thè ¢uYrgnl IrKlependent Ex8min¢r¥ cl £3.957 12022 - £2,(KIOI for audrt f¢¥¥. N•t movement in funds 2023 2022 Nel mt)vem8nt Fn funds is slat8d alter thrg{Cradl*in9l Feès payable to the companys accounianl forlh8 independent examinaItc of the cornpgngs financiil statsments D8proGiation of owned tsnglbl$ fixgd a&8e15 disposal 0ftangle assets 3.9S7 21,874 23.616 $27 10 Trustees None of Ihe trustees ItK 8ny p8r30n$ connected ¥th thgrn) recewed any réMunÉr8tn b8nefft5 from Ihe trtist during th8 ye8r12022- Nfjil. None of Ihe trust886 lor any per8ons connected wilh Iheml received any 1MbUr5m8nt of expens8s from thè trust during the year {2022- Nill. 11 Employ•BS The average monthly numbei of èmploy during thg y6arwa$'. 21123 Numb•r 2•22 Number Teathino AdmIStratIon of Ihg sch] 19 Totsl 21 30 11
ST. MNEFRIDE'S SCHOOL SHREWSBURY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 11 Employ••$ IContinu•d) Employm•nt costs 2023 2022 Wages and salariès Social socwity Exjsts 0th8T P9ll¥lD ftb¥ls 465.765 28,578 50.801 382.012 30,110 50.841 545.144 462.763 There were rrJ eawloyees who8e annual rgmun8rdtK)n was nK)r8 than £60.iX)O. R•mu•)•ratlon ol kny mana9•ment personnel Ths rgmun•rallon of key maTragenI personnel wa5 as follows., 2023 2022 Agwate )mnsaOn 37,527 12 Taxat The charity is exempt from tsx on income and galns lallin9 wrfhln Sectlon 505 of tho TaxesAct 1988 or $eGtion 252 of the Taxat#)n of Chargeeble Gains Ad 1992 to the exknt th8t these are applied to Ils charitable objects. 13 Tanglbl• fflx ass•ts Froqhold property & knprovtmont8 EqLdpment At I SeptÈmber 2022 487.946 197.947 6,478 692,371 At 31 August 2023 487.946 197,947 6.478 892,371 Dopr•clallon and impalrmenl At 1 S$ptgrt)or 2022 Depr8oatiun tharged in the year 173,675 9.759 156,904 12,115 6,478 337.057 21.874 AI 31 Auoust 2023 183,434 169,019 6,478 358,931 CArryknB amounl Ai 31 August 2023 304,Sf2 28,928 333,440 At 31 August 2022 314.271 41,043 35S,314 12-
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 14 Delknrs 2023 2022 Amounts fjlllng du• wlthln one year: Trada d8btors Other dal)tors Prepayments and a¥xNgd Inrne 173.055 402 5.970 176,177 9,336 179,427 185.513 15 Credltors: amounts falling duo within orw ygar 2023 2022 Defe¢7ed Income Trad8 ueditors Other crediiors AeeMaL8 16 241.352 3.886 718 5.387 259.601 7.610 11,662 6.193 251,323 285,066 16 D•lorr•d incom• 2023 2022 Olher deferred Incomè 241,352 259.601 O•f8rred iOrne kndud•J In Ihe flnanclal slatsmnts as lollrrh3'. 2023 2022 Dèf8tsad inthme 1$ induded wilhin: Cuffenl Ilabiliti6S 241,352 259,601 Movements in the year. Deferred income at 1 Septsmbgr 2022 Released from previous pertods Resources deferred in the year 259,e4)1 IZ24.2281 205,979 209.747 1209.747) 258,601 Defened IrM? at 31 AaUS1 2023 241.352 259,601 17 Retlrernet)t Ofit schknw$ 2022 Dfi*d CDnlniDn $chomes Charyg to profil or1088 in fvspgctofdefined contribution ¥GhO8 50,801 50.641 13
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 17 R•tlrwrnnt benefit schemès {Contlrnuedl The tnjst 0r$I¢$ o defined contribubon pension scheme for 811 qualifying employeés. The assets c( the Echeme arè hd sèparately from those olthB Iw$l In èn lThlependenty admlnLqt8rèL ffijnd. 18 Rostrlcted fund¥ Thè sch(M)J has a restricted fvnd to provldè 8 bwsary fund to assst under pri84 thlbjren w18hin9 to att&nd Ihe schod. At1 In¢omlng At 31 Augu$t S•pt•mber resourc0$ 2023 2022 Rgstrlcted Bursary 17016 102 17.918 Prnvèoutr yoar. At1 In¢amlng At 31 August Seoomber resgurG85 2022 2021 Restrtcled Burnery 17.806 io 17.816 Cosh at bank incl8$ an accountwiu) Satargr l)r the Testrictsd fund5 of £17.91812022- £17,816). During the yer Interest ofÉ102 (2D22-£10) was e1ved on lh8 regtiictsd fvnd bdanr. 19 UnreJtri¢t•d funds The unrestrted lunds oflhe d)arity coryjrlse the unexpendod balan$ ofdonatlons and grants whkh are not subjgd lo 5P8Ctfic condibon5 by donors and gr8ntOWs as to how thèy may be used. These includo designaled funds whith have be8n Eel aside out of Un¢t£d funds by Ihe tnjsleos f(w pun)oses. At1 In¢omlng Resour At 31 Augu$t Septembef resour¢es endod 2023 2022 Asset fijnd General fun(ts 82,505 981.452 82,506 828,151 604,141 1757.4421 1.063.957 604.141 1757,442) 910.656 14-
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 19 Unre8tiict•d funds Prnvlous y•ar. At1 In¢omlng Sepknber resources 2021 R¢wur¢e$ At 31 August expended 2022 Asset fijnd General knds 82.505 1.196.842 82.505 981.452 474.370 {689,7601 1.279.347 474.370 1689.7601 1.063.957 In an 8gr6ament wlth the Unlon of th• &ster5 01 Mgrcy Great Britain. the assets of St Winefr*Jes were Iransferred lo the company on Isl January 1993. The valu8 of the assets al that date vwas £80.419 and Ihis was ertithied to the A88et Fund. Duriro 1994 it w£s rwnised Ihat rtain Intèr8s1 beng received undèr reductith ol tax. The tax was refuThJed by th8 Ttusts bankgrs. £2.086 ielated to bel0 181 January 1993 and wag trethied to the Gqpilhl knnd. 20 Anawis of n•t 4ss•ts bblwegn fvnds Unrnstricted Restricl8d fvnds fvnd$ 2023 2023 Total 2023 At 31 Aot 2023: Tangibjè assèts CUent aets1{1bdltiesI 333.440 577,218 333,440 595.134 17.918 910.656 17.918 928,S74 Unrostrictgd fvTrds 2022 R?strktod funds 2022 Total 2022 At 31 Avgust 2022-. Tangible assets Current as881{fi8bj11eS) 355.314 708.643 355,314 726.459 17016 1.063.957 17.816 1.081.773 21 R•lotsd party tr4n8a¢fjon8 rg werg no dv4¢kJs8blg relaled paty b3nsÈct¥)ns during thtr yoar12022- none). 15.
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST NOTES TO THE FINANCIAL STATEMENTS (coriNuED) FOR THE YEAR ENDED 31 AUGUST 2023 22 Cash g•n•rthd from op•ratN)n$ 2023 2022 Defiat for th• year I153.1) 1215,3801 Adjustments fcr. Inve5kn8nt incorno rets)gnlsèd in slatèmant of financial •ctTrviti85 (Galnylws on disposal of langible fvK8d a559ts Deweryauon and Impa¥rnerrt oftanglbl& fixed assets 19,771) {9881 527 23,616 21.874 Mov8monts In wong capitsl.. De¢rea$gllin¢rtrasel in debtotS {Dg(xeas9ifEncreesp cr811rtQfS lo8ease1n¢r?8S0 in d8f?Trgd income 8,086 115.494) 118.2491 {3,30f} 2.635 49.854 Cash abs¢rbed by operatlons 1168,753) 1143.0371 16.