2021-12-31-accounts - Whinfield Study Trust

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				Page
Legal and Administrative		details
Report ofthe	Trustees		4	to	8
Independent	Accountant	Report	9	to	11
Consolidated	Statement	of Financial Activities		12
Consolidated	Balance Sheet
Charity Balance Sheet				14
Consolidated	Cash flow	Statement		15
Notes to the	Financial Statements		16	to	25
Detailed Statement of Financial Activities				26

Registered	Whinfield	Study Trust	Study Trust
Charity number	1072370
Principal Office	Hornby Park		School
	Melling Road
	Hornby
	Lancaster
	LA2 8LH
	Department		of Education	number 8886054
	Focus School		number 214
Trustees	J Simpson
	SWhiley
	E Fishwick
	A Lovell
Accountants	Treybridge	Accountants
	FOS The Bloc
	38Springfield		Way
	Anlaby
	HU10 6RJ
Bankers	HSBC Bank	pic
	1Forest Green
	Off Caxton	Road
	Fulwood
	Preston
	PR2 9LJ

								Year Ended		Year Ended
								31.12.2021		31.12.2020
						Unrestricted	Restricted	Total		Total
						Funds	Funds	Funds		Funds
				Notes		E	E	E		E
INCOME AND	ENDOWMENTS
Donations and	legacies					120,679		120,679		156,013
Other trading	activities					632,742		632,742		643,209
Total						753,421		753,421		799,222
EXPENDITURE
Charitable activities				5	—	488,159		488,159		672,436
Depreciation						44,053		44,053	—	41,299
Total						532,212		532,212	—	713,735
NET INCOME/(EXPENDITURE)						221,209		221,209		85,487
Transfers between			funds			16,073	16,073
Net movement	in	funds				205,136	16,073	221,209		85,487
RECONCILIATION		OF FUNDS
Total funds brought			forward			416,570	504,766	921,336		846,535
TOTAL FUNDS	CARRIED
FORWARD						621,706	520,839	1,142,544		932,021


	Notes
FIXEDASSETS
Tangible assets	10		1,637,969		1,660,151
CURRENT ASSETS
Stock	12	47,679		52,211
Debtors	13	42,402		3,873
Cash at bank and in hand		82,428		54,229
		172,509		110,313
CREDITORS
Amounts falling due within
one year	14	(657,246)		(838,443)
NET CURRENT ASSETS/(LIABILITES)			(484,737)		(728,131)
TOTAL ASSETS LESS
CURRENT LIABILITIES			1,153,230		932,021
PROVISION FOR LAIBILITES
NET ASSETS			1,153,230		932,021
FUNDS
Unrestricted funds	15		632,391		427,255
Restricted funds	15		520,839		504,766
TOTAL FUNDS			1,153,230		932,021

					2021	2020
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
		Notes			E	E
FIXEDASSETS
Tangible assets		10	1,097,161	500,832	1,597,993	1,623,094
Investements			3		3	3
			1,097,164	500,832	1,597,996	1,623,097
CURRENT ASSETS
Debtors			42,402		42,402	62,045
Cash at bank	and in hand		14,800	20,008	34,808	13,270
			57,202	20,008	77,210	75,315
CREDITORS
Amounts falling due within
one year		14	552,264		552,264	791,250
NET CURRENT ASSETS/(LIABILITIES)			(495,062)	20,008	(475,054)	(715,935)
TOTAL ASSETS LESS
CURRENT LIABILITIES			602,099	520,840	1,122,942	907,159
NET ASSETS			602,099	520,840	1,122,942	907,159
FUNDS
Unrestricted	funds	15			602,102	402,393
Restricted funds		15			520,840	504,766
Total Funds					1,122,942	907,159

					Year Ended	Year Ended
					31.12.21	31.12.20
				Notes	f	f
Net Cash	inflow from operating		activities	16	50,067.83	(43,960)
Investing	activities
Purchase	offixed assets			10	(21,869)	(5,346)
Net cash	used in investing	activities			(21,869)	(5,346)
Net increase/(decrease)		in cash	and cash equivalents		28,198.83	(49,306)
Cash and	cash equivalents	at the start of
the reporting period					54,229	103,535
Cash and	cash equivalents	at the end ofyear			82,427	54,229
Relating	to:
Cash at bank and in hand					82,428	54,229

DONATIO	NS A	ND LEGACIES
			Year Ended	Year Ended
			31.12.2021	31.12.2020
			f	f
Donations	and	legacies	2,321	6,613
Grants received			123,000	149,400
			120,679	156,013
INCOME	FROM	TRADING ACTIVITIES
			Year Ended	Year Ended
			31.12.2021	31.12.2020
			f	f
Other incoming		resources	11,031	116,727
Grants received			621,711	526,483
			632,742	643,209

EXPENDITURE
	Direct	Support	Tota I2021	Direct Costs	Support	Total 2020
	Costs	Costs			Costs
Wages				934			934
Public transport costs					2,400		2,400
Study materials		2,834	2,834		5,248		5,248
Premises		30,362	30,362		29,894		29,894
Donations paid		102,000	102,000		188,180	188,180
Shop support costs
Repairs and renewals		2,555	2,555		239		239
Sundries		5,718	5,718		7,519		7,519
Lega I fees		864	864		750		750
Bookkeeping fees		1,200	1,200
Accountancy fees		4,200	4,200		6,025		6,025
Interest payable		40,486	40,486		43,361	43,361
Shop expenditure	478,816		478,816	392,685		392,685
Profit/loss on disposal	oftangibl»	180,876	180,876
Profit/loss on sale of	Investment
	478,816	9,344	488,159	393,619	278,817	672,436
NET INCOME FOR THE YEAR INCLUDES:
This is stated after charging:
					Year Ended	Year	Ended
					31.12.2021	31.12.2020
					f		f
Depreciation on owned assets					44,053	41,299
Interest payable					32,827		35,698
Accountants remuneration:
Audit ofthe	financial statements				3,250		1,250
Bookkeeping	fees				1,200

STAFF COS	TS
				Year Ended	Year Ended
				31.12.2021	31.12.2020
				f	f
Wages and	social security
Other pension costs					934
					934
Particulars	ofemployees:
The average	number	of employees	during the year was as follows:
				Year Ended	Year Ended
				31.12.2021	31.12.2020

	Freehold	Improvements	Fixture &	Computer	Plant &
	property	to property	Fittings	equipment	Machinery
	f	f	f	f	f
COST
At 1January 2021	1,051,164	836,679	36,466	3,410	44,256
Additions		3,850	8,390		9,629
Disposals
At 31December 2021	1,051,164	840,529	44,856	3,410	53,885
DEPRECIATION
At 1January 2021	193,385	57,165	15,283	1,733	44,256
Charge for year	19,023	16,766	5,927	894	1,444
Eliminated on disposal
At 31December 2021	212,408	73,930	21,210	2,627	45,700
NET BOOK VALUE
At 31December 2021	838,756	766,599	23,646	783	8,185
At 31December 2020	857,779	779,515	21,183	1,677
					Total
					f
COST
At 1January 2021					1,971,975
Additions					21,869
Disposals
At 31December 2021					1,993,844
DEPRECIATION
At 1January 2021					311,822
Charge for year					44,054
Eliminated on disposal
At 31December 2021					355,875
NET BOOK VALUE
At 31December 2021					1,637,969
At 31December 2020					1,660,151

TANGIBLE FIXED - ASSETS - CHARITY FOR	TANGIBLE FIXED - ASSETS - CHARITY FOR	THE YEAR EN	ED31DECE BER	2021
	Freehold		to	Fixture	&	Plant &
	property		property	Fittings		Machinery	Total
		f	f	f		f	f
COST
At 1January 2021	1,035,705		836,679	555			1,872,939
Additions			3,850			7,800	11,650
Disposals
At 31December 2021	1,035,705		840,529	555		7,800	1,884,589
DEPRECIATION
At 1January 2021		192,634	57,165		46		249,845
Charge for year		18,714	16,766	102		1,170	36,752
Eliminated on disposal
At 31December 2021		211,348	73,930	148		1,170	286,596
NET BOOK VALUE
At 31December 2021		824,357	766,599	407		6,630	1,597,993
At 31December 2020		843,071	779,515	509			1,623,094

The charit	y h	olds invest	ments in su	bsidiary undertakings held at a cost o	ff3(2020-f3).
Details of	the	subsidiary	companies	are disclosed below:
The Wenning		Company	Limited		2021	2020
Company	number: 07904700				f	f
Assets					135,275	133,657
Liabilities					(104,983)	(108,794)
Capital &	reserves				30,292	24,863

			REPORT OF THE TRUSTEES
	Turnover		FOR THE YEAR ENDED 31DECEMBER 2021	621,711	526,483
	Otherlncome			26	4,018
	Expenditure			(528,245)	(430,697)
	Profit/(Loss)			93,492	99,804
	Academy Distribution	EUK Limited		2021	2020
	Company number: 09655547			f	f
	Dissolved 28January	2020
	Assets
	Liabilities
	Capital &reserves
	Turnover
	Expenditure
	Profit/(Loss)
12	STOCK			2021	2020
				f	f
	Finished goods			47,679	52,211
13	DEBTORS:AMOUNTS	FALLING	DUE WITHIN ONE YEAR
	GROUP			2021	2020
				f	f
	Trade debtors				2,519
	Other debtors and prepayments			42,402	1,354
				42,402	3,873

	REPORT OF THE TRUSTEES
CHARITY	FOR THE YEAR ENDED 31DECEMBER 2021	2021	2020
		f	f
Trade debtors			445
Other debtors and prepayments		42,402	61,600
		42,402	62,045

GROUP		2021	2020
		f	f
Trade creditors		21,440	13,068
Taxation and social security		2,617	1,276
Other creditors		28,114	26,807
Accruals		12,704	12,293
Personal loans	—unsecured	592,371	785,000
Corporation Tax
Other creditors
		657,246	838,443
CHARITY		2021	2020
		f	f
Trade creditors		2,064
Taxation and social security
Other creditors		550,200	791,250
		552,264	791,250

MOVEMENT IN FUNDS	MOVEMENT IN FUNDS	FOR	REPORT OF THE TRUSTEES THE YEAR ENDED 31DECEMBER	REPORT OF THE TRUSTEES THE YEAR ENDED 31DECEMBER	2021	2021
		Balance at		Incoming		Outgoing		Transfers	Balance at
		1January		resources		resources			31December
			2021						2021
			f						f
Unrestricted funds
General fund			427,255	753,421		(532,212)	-	16,073	632,391
Restricted funds
Restricted fund			504,766					16,073	520,839
TOTAL FUNDS			932,021	753,421	-	532,212			1,153,230
Analysis of net assets between funds:
					Unrestricted			Restricted	Total
						general		general
						funds		funds
						f		f
Tangible assets						1,097,161		500,832	1,597,993
Investments						3			3
Current assets						57,202		20,008	77,210
Creditors: amounts	falling due within		one year			(552,264)			(552,264)
Provisions for liabilities
						602,102		520,840	1,122,942

		2021	2020
		f	f
Net Income		221,209	85,487
Depreciation		44,053	41,299
Change	in stock	4,532	(13,472)
Change	in debtors	(38,529)	87,341
Change	in creditors	(181,197)	(244,616)
		50,068	(43,960)

				Year Ended		Year Ended
				31.12.21		31.12.20
				f		f
INCOME AND ENDOWMENTS
Donations and legacies
Donations			2,321		6,613
Grants			123,000		149,400
				120,679		156,013
Other trading activities
Other incoming resources			11,031		116,727
Trading company			621,711		526,483
				632,742		643,209
Total incoming resources				753,421		799,222
EXPENDITURE
Purchase			478,816		392,685
Wages					934
Public transport costs					2,400
Study materials and support costs			2,834		5,248
Premises			30,362		29,894
Donations			102,000		188,180
Shop support costs
Repairs and renewals			2,555		239
Sundries			5,718		7,519
Legal Fees			864		750
Bookkeeping fees			1,200
Accountancy fees			4,200		6,025
Interest payable			40,486		43,361
Profit/loss on disposal oftangible		fixed assets	180,876
Profit/loss on sales of Investment
				488,159		672,436
Carried forward				265,262		126,785
Brought forward				265,262		126,785
Depreciation
Freehold property			19,023		19,023
Improvements to property			16,766		16,734
Plant and machinery			1,444
Fixture and fittings			5,927		4,613
Computer equipment			894		931
				44,053		41,300
				221,209		85,485
Tax on profit on ordinary	activities
Net (expenditure)/income				221,209		85,485