| Page | |||
|---|---|---|---|
| Chair ofTrustees Report | |||
| Report ofthe Trustees | 2 | to | 6 |
| Report ofthe Independent Auditors |
7 | to | 10 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 12 | ||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 14 | ||
| Notes to the Financial Statements | 15 | to | 25 |
| Detailed Statement ofFinancial Activities | 26 | to | 27 |
| Trustees | ||||||
|---|---|---|---|---|---|---|
| Curriculum | ||||||
| Finance | Personnel | Safeguarding | &Progress | |||
| Committee | Committee | Committee | Committee | |||
| Mr Will Howell | (Chairman) | |||||
| Mr Christopher Haines |
(Vice Chairman) | |||||
| Mr Michael Hennessy | Resigned | 17/11/2021 | ||||
| Ms Jilly Ann Atherton | ||||||
| Mrs Judith Lukey | Resigned 31/08/2022 | |||||
| Mr Stephen Boothroyd | Resigned | 14/12/2021 | ||||
| Mr Tim Askham | ||||||
| Mrs Olivia Connolly | Resigned 27/02/2023 | |||||
| Mrs Hannah Middleton |
||||||
| Mrs Amy Nisbet | ||||||
| Mr Martin Oldfield | ||||||
| Mrs Elizabeth Parker | ||||||
| Mrs Claire Peers | ||||||
| Mr Jonathan Richards |
Resigned 26/04/2022 | |||||
| Management Team |
||||||
| Mr Paul Lambert | (Principal) | Appointed | 01/09/2021 | |||
| Miss Becky Swift | (Head ofEducation) | |||||
| Mr Patrick Boyle | (Assistant | Head ofEducation) | ||||
| Mr Noel Conreen | (School Business &Finance Manager) | |||||
| Mrs Ruth Myers | (SENDCO) |
| for the Year E | nded 31August | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|
| 31.8.22 | 31.8.21 | |||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| funds | fund | fund | funds | funds | ||||
| Notes | f, | |||||||
| INCOME AND | ||||||||
| ENDOWMENTS FROM | ||||||||
| Donations and legacies |
7,172 | 7,172 | 525 | |||||
| Charitable activities |
||||||||
| Care and education of | children | 2,374,789 | 43,244 | 2,418,033 | 2,079,737 | |||
| Other trading activities | 6,410 | 6,410 | 4,320 | |||||
| Other income | 1,087 | 1,087 | ||||||
| Total | 2,389,458 | 43,244 | 2,432,702 | 2,084,582 | ||||
| EXPENDITURE ON | ||||||||
| Charitable activities |
||||||||
| Teaching costs | 1,801,901 | 59,358 | (339) | 1,860,920 | 1,587,800 | |||
| Welfare costs | 36,653 | 36,653 | 54,941 | |||||
| Premises costs | 324,052 | 60,643 | 384,695 | 353,266 | ||||
| Support costs for schooling | 75,660 | 75,660 | 54,938 | |||||
| Governance costs |
1,576 | 1,576 | 1,522 | |||||
| Total | 2,239,842 | 59,358 | 60,304 | 2,359,504 | 2,052,467 | |||
| NET | ||||||||
| INCOME/(EXPENDITURE) | 149,616 | (16,114) | (60,304) | 73,198 | 32,115 | |||
| RECONCILIATION | OF | |||||||
| FUNDS | ||||||||
| Total funds brought | forward | 364,697 | 21,868 | 2,610,577 | 2,997,142 | 2,965,027 | ||
| TOTAL FUNDS CARRIED | ||||||||
| FORWARD | 514,313 | 5,754 | 2,550,273 | 3,070,340 | 2,997,142 |
| 31.8.22 | 31.8.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | fund | fund | funds | funds | ||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 12 | 95,347 | 2,550,273 | 2,645,620 | 2,699,448 | |
| CURRENT ASSETS | ||||||
| Debtors | 13 | 38,703 | 38,703 | 30,652 | ||
| Cash at bank and in hand | 517,373 | 5,754 | 523,127 | 331,477 | ||
| 556,076 | 5,754 | 561,830 | 362,129 | |||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | 14 | (137,110) | (137,110) | (64,435) | ||
| NET CURRENT ASSETS | 418,966 | 5,754 | 424,720 | 297,694 | ||
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 514,313 | 5,754 | 2,550,273 | 3,070,340 | 2,997,142 | |
| NET ASSETS | 514,313 | 5,754 | 2,550,273 | 3,070,340 | 2,997,142 | |
| FUNDS | 15 | |||||
| Unrestricted funds |
514,313 | 364,697 | ||||
| Restricted funds | 5,754 | 21,868 | ||||
| Endowment funds |
2,550,273 | 2,610,577 | ||||
| TOTAL FUNDS | 3,070,340 | 2,997,142 |
| Cash Flow Statement | ||||||
|---|---|---|---|---|---|---|
| for the | Year Ended 31August | 2022 | ||||
| 31.8.22 | 31.8.21 | |||||
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated f'rom operations |
296,715 | 114,536 | ||||
| Net cash provided by operating activities |
296,715 | 114,536 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed | assets | (45,848) | (58,754) | |||
| Sale oftangible fixed assets | 1,087 | |||||
| Net cash used in investing | activities | (44,761) | (58,754) | |||
| Cash flows from financing | activities | |||||
| Expenditure attributable to |
endowment | (60,304) | ||||
| Net cash (used in)/provided | by financing | activities | (60,304) | |||
| Change in cash and cash |
equivalents | in | ||||
| the reporting period |
191,650 | 55,782 | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 331,477 | 275,695 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
523,127 | 331,477 |
| Notes to the Cash Flow Statement for the Year Ended 31August 2022 |
Notes to the Cash Flow Statement for the Year Ended 31August 2022 |
|||
|---|---|---|---|---|
| RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | ||
| 31.8.22 | 31.8.21 | |||
| Net income for the reporting | period (as per the Statement ofFinancial | |||
| Activities) | 73,198 | 32,115 | ||
| Adjustments for: |
||||
| Depreciation charges |
99,676 | 98,880 | ||
| Profit on disposal offixed assets | (1,087) | |||
| Expenditure attributable |
to endowment | 60,304 | ||
| Increase in debtors | (8,051) | (20,228) | ||
| Increase in creditors | 72,675 | 3,769 | ||
| Net cash provided by |
operations | 296,715 | 114,536 | |
| ANALYSIS OF CHANGES | IN NET FUNDS |
| ANALYSIS OF CHANGES IN NET FUND | S | ||
|---|---|---|---|
| At 1.9.21 | Cash flow | At 31.8.22 | |
| Net cash | |||
| Cash at bank and in hand | 331,477 | 191,650 | 523,127 |
| 331,477 | 191,650 | 523,127 | |
| Total | 331,477 | 191,650 | 523,127 |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 31.8.22 | 31.8.21 | |
| Donations | 7,172 | 525 |
| OTHER TRADING ACTIVITIES | ||
| 31.8.22 | 31.8.21 | |
| Rental income | 6,410 | 4,320 |
| INCOME FROM CHA | RITA | BLE ACTIVITIES | |||
|---|---|---|---|---|---|
| 31.8.22 | 31.8.21 | ||||
| Activity | |||||
| Other school income | Care and education ofchildren | 3,000 | |||
| Grants | Care and education ofchildren | 514,455 | 496,137 | ||
| Educational and care services |
Care and education ofchildren | 1,900,578 | 1,583,600 | ||
| 2,418,033 | 2,079,737 | ||||
| Grants received, included | in the | above, are as follows: | |||
| 31.8.22 | 31.8.21 | ||||
| Pupil Premium Grant |
43,245 | 38,224 | |||
| Department ofEducation |
107,877 | 107,080 | |||
| Education Funding Agency | 363,333 | 350,833 | |||
| 514,455 | 496,137 | ||||
| CHARITABLE ACTIVITIES COSTS | |||||
| Support | |||||
| Direct | costs (see | ||||
| Costs | note 7) | Totals | |||
| Teaching costs | 1,826,787 | 34,133 | 1,860,920 | ||
| Welfare costs | 36,653 | 36,653 | |||
| Premises costs | 353,718 | 30,977 | 384,695 | ||
| Support costs for schooling | 60,509 | 15,151 | 75,660 | ||
| Governance costs |
1,576 | 1,576 | |||
| 2,277,667 | 81,837 | 2,359,504 | |||
| SUPPORT COSTS | |||||
| Governance | |||||
| Management | costs | Totals | |||
| Teaching costs | 34,133 | 34,133 | |||
| Premises costs | 24,317 | 6,660 | 30,977 | ||
| Support costs for schooling | 7,458 | 7,693 | 15,151 | ||
| Governance costs |
1,576 | 1,576 | |||
| 67,484 | 14,353 | 81,837 |
| 31.8.22 | 31.8.21 | ||
|---|---|---|---|
| Auditors' | remuneration | 5,100 | 4,500 |
| Depreciation - owned assets |
99,676 | 98,880 | |
| Surplus | on disposal offixed assets | (1,087) |
| STAFF COS | TS | ||||
|---|---|---|---|---|---|
| 31.8.22 | 31.8.21 | ||||
| Wages and salaries | 1,451,812 | 1,329,276 | |||
| Social security | costs | 123,878 | 111,472 | ||
| Other pension | costs | 199,813 | 183,638 | ||
| 1,775,503 | 1,624,386 | ||||
| The average monthly | number ofemployees | during the year was as follows: | |||
| 31.8.22 | 31.8.21 | ||||
| Teachers | 17 | 16 | |||
| Care and teaching support staff | 26 | 26 | |||
| Domestic and | maintenance | 1 | 2 | ||
| Administration | staff | 9 | 8 | ||
| 53 | 52 |
| The num | be | r ofemployees whose employee benefits |
(excluding employer pension costs) exceeded |
f60,000wa |
|---|---|---|---|---|
| 31.8.22 | 31.8.21 | |||
| f60,001 | - | K70,000 | 1 | 1 |
| for the Year E | for the Year E | nded 31August 2 | 022 | |||
|---|---|---|---|---|---|---|
| 11. | COMPARATIVES FOR THE STATEMENT | OF FINANCIAL | ACTIVITIES | |||
| Unrestricted | Restricted | Endowment | Total | |||
| funds | fund | fund | funds | |||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
525 | 525 | ||||
| Charitable activities |
||||||
| Care and education of | children | 2,041,513 | 38,224 | 2,079,737 | ||
| Other trading activities | 4,320 | 4,320 | ||||
| Total | 2,046,358 | 38,224 | 2,084,582 | |||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Teaching costs | 1,563,735 | 24,065 | 1,587,800 | |||
| Welfare costs | 54,941 | 54,941 | ||||
| Premises costs | 293,119 | 60,147 | 353,266 | |||
| Support costs for schooling | 54,938 | 54,938 | ||||
| Governance costs |
1,522 | 1,522 | ||||
| Total | 1,968,255 | 24,065 | 60,147 | 2,052,467 | ||
| NET INCOME/(EXPENDITURE) | 78,103 | 14,159 | (60,147) | 32,115 | ||
| Transfers between funds |
(17,745) | 17,745 | ||||
| Net movement in funds |
60,358 | 14,159 | (42,402) | 32,115 | ||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought forward |
304,339 | 7,709 | 2,652,979 | 2,965,027 | ||
| TOTAL FUNDS CARRIED FORWARD | 364,697 | 21,868 | 2,610,577 | 2,997,142 |
| for the | Year Ended 31August 2 | 022 | ||||
|---|---|---|---|---|---|---|
| 12. | TANGIBLE | FIXEDASSETS | ||||
| Fixtures | ||||||
| Freehold | and | Motor | ||||
| property | fittings | vehicles | Totals | |||
| COST | ||||||
| At 1 September 2021 | 3,235,180 | 278,413 | 3,513,593 | |||
| Additions | 18,249 | 27,599 | 45,848 | |||
| At 31August | 2022 | 3,235,180 | 296,662 | 27,599 | 3,559,441 | |
| DEPRECIATION | ||||||
| At 1 September 2021 | 624,603 | 189,542 | 814,145 | |||
| Charge for year | 60,304 | 33,989 | 5,383 | 99,676 | ||
| At 31August | 2022 | 684,907 | 223,531 | 5,383 | 913,821 | |
| NET BOOK | VALUE | |||||
| At 31August | 2022 | 2,550,273 | 73,131 | 22,216 | 2,645,620 | |
| At 31August | 2021 | 2,610,577 | 88,871 | 2,699,448 | ||
| 13. | DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.8.22 | 31.8.21 | |||||
| Trade debtors | 3,159 | 1,800 | ||||
| Other debtors | 658 | |||||
| Prepayments | and accrued income | 34,886 | 28,852 | |||
| 38,703 | 30,652 | |||||
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.8.22 | 31.8.21 | |||||
| Trade creditors | 63,597 | 17,068 | ||||
| Social security and other taxes | 30,842 | 25,851 | ||||
| Other creditors | 16,262 | 14,958 | ||||
| Accruals and | deferred income | 26,409 | 6,558 | |||
| 137,110 | 64,435 |
| MOVEMENT | IN FUNDS | |||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1.9.21 | in funds | 31.8.22 | ||||
| Unrestricted | funds | |||||
| General fund | 364,697 | 149,616 | 514,313 | |||
| Restricted funds | ||||||
| Restricted Fund | 21,868 | (16,114) | 5,754 | |||
| Endowment | funds | |||||
| Endowment | 2,610,577 | (60,304) | 2,550,273 | |||
| TOTAL FUNDS | 2,997,142 | 73,198 | 3,070,340 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund | 2,389,458 | (2,239,842) | 149,616 | |||
| Restricted funds |
||||||
| Restricted Fund | 43,244 | (59,358) | (16,114) | |||
| Endowment | funds | |||||
| Endowment | (60,304) | (60,304) | ||||
| TOTAL FUNDS | 2,432,702 | (2,359,504) | 73,198 | |||
| Comparatives | for movement | in | funds | |||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.9.20 | in funds | funds | 31.8.21 | |||
| Unrestricted | funds | |||||
| General fund | 304,339 | 78,103 | (17,745) | 364,697 | ||
| Restricted funds |
||||||
| Restricted Fund | 7,709 | 14,159 | 21,868 | |||
| Endowment | funds | |||||
| Endowment | 2,652,979 | (60,147) | 17,745 | 2,610,577 | ||
| TOTAL FUNDS | 2,965,027 | 32,115 | 2,997,142 |
| Incoming | Resources | Movement | ||||
|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund | 2,046,358 | (1,968,255) | 78,103 | |||
| Restricted funds |
||||||
| Restricted Fund | 38,224 | (24,065) | 14,159 | |||
| Endowment | funds | |||||
| Endowment | (60,147) | (60,147) | ||||
| TOTAL FUNDS | 2,084,582 | (2,052,467) | 32,115 | |||
| A current year 12months | and prior year 12months | combined | position is as follows: | |||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.9.20 | in funds | funds | 31.8.22 | |||
| Unrestricted | funds | |||||
| General fund | 304,339 | 227,719 | (17,745) | 514,313 | ||
| Restricted funds |
||||||
| Restricted Fund | 7,709 | (1,955) | 5,754 | |||
| Endowment | funds | |||||
| Endowment | 2,652,979 | (120,451) | 17,745 | 2,550,273 | ||
| TOTAL FUNDS | 2,965,027 | 105,313 | 3,070,340 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 4,435,816 | (4,208,097) | 227,719 | |
| Restricted funds |
||||
| Restricted Fund | 81,468 | (83,423) | (1,955) | |
| Endowment | funds | |||
| Endowment | (120,451) | (120,451) | ||
| TOTAL FUNDS | 4,517,284 | (4,411,971) | 105,313 |
| Detailed Statement ofFinancial Activities | |||||
|---|---|---|---|---|---|
| for the Year Ended 31August 2022 | |||||
| 31.8.22 | 31.8.21 | ||||
| INCOME AND | ENDOWMENTS | ||||
| Donations and |
legacies | ||||
| Donations | 7,172 | 525 | |||
| Other trading | activities | ||||
| Rental income | 6,410 | 4,320 | |||
| Charitable activities |
|||||
| Other school income | 3,000 | ||||
| Grants | 514,455 | 496,137 | |||
| Educational and care services |
1,900,578 | 1,583,600 | |||
| 2,418,033 | 2,079,737 | ||||
| Other income | |||||
| Gain on sale oftangible fixed assets | 1,087 | ||||
| Total incoming | resources | 2,432,702 | 2,084,582 | ||
| EXPENDITURE | |||||
| Charitable activities |
|||||
| Wages | 1,451,812 | 1,329,276 | |||
| Social security | 123,878 | 111,472 | |||
| Pensions | 199,813 | 183,638 | |||
| Rates and water | 16,983 | 10,925 | |||
| Insurance | 46,776 | 26,159 | |||
| Light and heat | 43,884 | 41,382 | |||
| Postage and stationery | 8,665 | 9,417 | |||
| Motor expenses | 5,061 | 3,464 | |||
| Repairs | 81,376 | 58,352 | |||
| Care standards | costs | 734 | 1,784 | ||
| Teaching costs | 163,107 | 90,845 | |||
| Catering and accommodation |
15,873 | 14,950 | |||
| Travel costs | 2,100 | 1,969 | |||
| Fundraising and |
publicity | 4,196 | 3,000 | ||
| PE Equipment | 13,733 | ||||
| Depreciation oftangible fixed assets | 99,676 | 98,879 | |||
| 2,277,667 | 1,985,512 | ||||
| Support costs | |||||
| Management | |||||
| Telephone | 4,187 | 2,759 | |||
| Bank charges | 1,576 | 1,522 | |||
| Subscriptions | 16,183 | 6,935 | |||
| Recruitment | expenses | 2,148 | 14,931 | ||
| Redundancy | costs | 12,000 | |||
| Carried forward | 36,094 | 26,147 |
| Detailed Statement ofFinancial Activities | |||||
|---|---|---|---|---|---|
| for the Year Ended 31August 2022 | |||||
| 31.8.22 | 31.8.21 | ||||
| Management | |||||
| Brought forward | 36,094 | 26,147 | |||
| Stafftraining | 22,337 | 9,510 | |||
| Health and safety costs | 212 | 470 | |||
| Cleaning and |
laundry | costs | 7,934 | 9,323 | |
| Governor training | 907 | 1,505 | |||
| 67,484 | 46,955 | ||||
| Governance | costs | ||||
| Auditors' remuneration |
5,100 | 4,500 | |||
| Legal and professional | fees | 9,253 | 15,500 | ||
| 14,353 | 20,000 | ||||
| Total resources | expended | 2,359,504 | 2,052,467 | ||
| Net income | 73,198 | 32,115 |