|CONTENTS
- Annual Report ofthe Directors|Page|
|---|---|
|Section A - Key Information||
|Legal and Administrative Information|1-3|
|Objectives, Construct and Aims|4|
|Structure, Governance and Management|4-7|
|Principal Risks|8|
|Section B
— Financial Review||
|Statement of Financial Activities|9|
|Balance Sheet|9|
|Statement of Cash Flows|10|
|Reserves, investment policy and financial factors|10|
|Statement of Directors Responsibilities|11-13|
|Annex A
- Energy Data|14|
|Annex B
- The Schools Strategic and Operahonal Pans|15-16|
|Annex C
- Employment, Communication and Training|17-19|
|Independent Auditor’s Report|20-23|
|Statement of Financial Activities|24|
|Balance Sheet|25|
|Statement of Cash Flows|26-27|
|Notes to the Financial Statements|28-49|
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|||2021-22|2020-21|2019-20|
|---|---|---|---|---|
||||(restated)||
|Energy use (kWh)||3,984,556|4,480,298|3,935,631|
|Associated||730,411|847,930|770,588|
|Greenhouse|gas||||
|emissions|(Tonnes||||
|CO2 equivalent)|||||
|Intensity|ratio|460|575|517|
|Emissions per|pupil||||
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|||Unrestricted|Restricted||Total|Total|
|---|---|---|---|---|---|---|
||Note|Funds|Funds||2022|2021|
|INCOME||£‘OOO|£‘OOO||£‘OOO|£‘OOO|
|Income from:|||||||
|Donations and legacies|6|211|-||211|237|
|Investments|5|21|-||21|3|
|Ancillary trading income|4|1,147|-||1,147|908|
|Charitable activities|3|16,857||-|16,857|15,455|
|Total Income||18,236|-||18,236|16,603|
|EXPENDITURE|||||||
|Charitable activities||17,388|12||17,400|15,460|
|Total Expenditure|7|17388|12||17A00|15460|
|Net School Income forthe year|||||||
|before transfers||848|(12)||836|1,143|
|Transfers between funds|19|-|-||-|-|
|Nel movement in funds||848|(12)||836|1,143|
|Total funds brought forward||17,311|96||17,407|16,264|
|Total funds carried forward|21|18,159|84||18,243|17,407|
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||Note|2022|2022|2021|2021|
|---|---|---|---|---|---|
|||£‘OOO|£‘OOO|£‘OOO|£‘OOO|
|Fixed assets||||||
|Tangible assets|10||20905||19246|
|Current assets||||||
|Debtors|12|558||548||
|Cash at bank and in hand||4,493||4,185||
|||5,051||4733||
|Creditors: Amounts falling due within||||||
|one year|13|||||
|Loans||(200)||(200)||
|Other||(4,503)||(3,330)||
|Net current assetsl(liabilities)|||348||1,203|
|Total assets less current liabilities|||21,253||20,449|
|Creditors: Amounts falling due after||||||
|more than one year|14||(3,010)||(3,042)|
|Net assets|||18,243||17,407|
|Funds||||||
|Unrestricted general funds|20||18,159||17,311|
|Restricted funds|19||84||96|
|Total charity funds|||18,243||17,407|
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|TATEMENT OF CASH FLOWS|||
|---|---|---|
||2022|2021|
||£‘OOO|£000|
|Cash flows from operating activities:|||
|Net movement in funds|836|1,143|
|Adjusted for:|||
|Depreciation|790|770|
|Interest payable|69|74|
|Interest receivable|(21)|(3)|
|(Increase)/decrease in trade and other receivables|(9)|(101)|
|Increase/(decrease) in trade and other payables|1,093|9|
|(Decrease) in pension debt provision|(55)|(116)|
|Net cash inflow from operating activities|2,703|1,776|
|Cash flows from investing activities|||
|Purchase of tangible fixed assets|(2,134)|(251)|
|Interest received|21|3|
|Net cash outflows from investing activities|(2,113)|(248)|
|Cash flows from financing activities|||
|Repayments of amounts borrowed|(200)|(348)|
|Repayments offinance lease|(13)|-|
|Interest paid|(69)|(74)|
|Netcash outflows from financing activities|(282)|(422)|
|Net increase in cash & cash equivalents|308|1,106|
|Opening cash & cash equivalents|4185|3,079|
|Closing cash & cash equivalents|4,493|4,185|
|Movement in cash & cash equivalents|308|1,106|
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|||Ati|||
|---|---|---|---|---|
|||September|Cash|At 31 August|
|||2021|flow|2022|
|||£000|£000|£000|
|Cash|at bank|4185|308|4493|
|Bank|loan due in less than one year|(200)|-|(200)|
|Bank|loan due in greater than one year|(2,150)|200|(1,950)|
|||1,835|508|2,343|
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|3.
CHARITABLE ACTIVITIES
— FEES RECEIVABLE||
|---|---|
|2022|2021|
|£‘OOO|£1300|
|Fees receivable consist of:||
|School fees
18,527|17242|
|Less: total bursaries, scholarships and Covidl9 fees rebate
(1,670)|(1787)|
|16857|15,455|
|Add back: Bursaries and other awards paid for by restricted funds
-||
|16,857|15,455|
|Bursaries, scholarships and other awards were paid to 236 pupils (2021: 234). Within|this|
|means-tested bursaries totalling £1,068k were paid to 100 pupils (2021: £1,069k to 106pupils).||
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|.
CHARITABLE ACTIVITIES
— OTHER INCOM|E||
|---|---|---|
||2022|2021|
||£‘OOO|£000|
|Catering fees|962|646|
|Entrance and registration fees|42|36|
|After school and other clubs|101|68|
|Income from CHS Enterprises|32|68|
|CJRS income|0|70|
|Other income|10|19|
||1,147|907|
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|5.|INVESTMENT INCOME|||
|---|---|---|---|
|||Total|Total|
|||2022|2021|
|||£‘OOO|£‘OOO|
|Bank|interest|21|3|
|||21|3|
|6.
GRANTS AND DONATIONS RECEIVABLE|6.
GRANTS AND DONATIONS RECEIVABLE|6.
GRANTS AND DONATIONS RECEIVABLE|||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|
||Funds|Funds|Funds|2022|
||£000|£000|£000|£1000|
|Grants received for Bursaries|||||
|from:|||||
|OHS 150°’ Anniversary Bursary|150|-|-|150|
|Trust|||||
|Oglesby Trust|10|-|-|10|
|STEM and ART bursary|47|-|-|47|
|donations|||||
|Peter Kershaw income|4|-|-|4|
||211|-|-|211|
||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|
||Funds|Funds|Funds|2021|
||£000|£000|£000|£‘OOO|
|Grants received for Bursaries|||||
|from:|||||
|OHS 150°’ Anniversary|150|-|-|150|
|Bursary Trust|||||
|Specific students|10|-|-|10|
|Oglesby Trust|71|-|-|71|
|STEM and ART bursary|5|-|-|5|
|donations|||||
|Peter Kershaw income|-|1|-|1|
||236|1|-|237|
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|||Staff||2022|
|---|---|---|---|---|
|||Costs|Other|Total|
|||£‘OOO|£‘OOO|£1000|
|Charitable|expenditure|12,823|4,577|17,400|
|||Staff||2021|
|||Costs|Other|Total|
|||£‘OOO|£‘OOO|£‘OOO|
|Charitable|expenditure|11,667|3,793|15,460|
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|Total expenditure are s|tated after charging:|||
|---|---|---|---|
|||2022|2021|
|||£000|£‘OOO|
|Depreciation||790|770|
|Auditor’s remuneration|- audit|12|11|
||- non-audit (otherassurance services)|2|2|
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|NOTES|TO THE FINANCIAL STATEMENTS IC|ontinued||
|---|---|---|---|
|8.|STAFF COSTS|||
|||2022|2021|
|||£‘OOO|£‘OOD|
|Staff costs were as follows:-||||
|Salaries||9,919|9,043|
|Social security costs||1,008|903|
|Pension|costs|1,834|1,673|
|Private medical insurance||61|48|
|||12,822|11,667|
|The average number of employees in the year analy|sed by function was:||
|---|---|---|
||2022|2021|
||No|No|
|Teachers|169|159|
|Fund raising and publicity|6|5|
|Management and administration|141|144|
||316|308|
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|Emoluments include salary, taxable bene|fits in kind and other payment|s to emplo|
|---|---|---|
||2022|2021|
||No|No|
|£70,000 to £79,999|4|4|
|£80,000 to £89,999|2|1|
|£90,000 to £99,999|-|1|
|£100,000totlOg,999|1|-|
|£110,000tofll9,999|-|-|
|£130,000 to £139,999|-||
|£150,000toEl59,999|1|-|
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|12.
DEBTORS|||
|---|---|---|
||2022|2021|
||£‘OOO|£000|
|School debtors|59|7|
|Prepayments and accrued income|442|459|
|Amounts owed by associated undertakings|2|33|
|Other debtors|55|50|
||558|549|
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|13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE Y|EAR||
|---|---|---|
||2022|2021|
||£‘OOO|£‘OOO|
|Bank loans (note 15)|200|200|
||200|200|
|Trade creditors|936|398|
|School fees in advance (note 17)|2,136|2,120|
|Other taxation and Social Security|249|228|
|Other creditors|379|292|
|Accruals|430|119|
|Sundry School pupils accounts|46|24|
|Cheadle Hulme School 150th Anniversary Bursary Trust Fund|160|30|
|Pension deficit provision (note 16)|104|119|
|Obligations under finance leases|63|-|
||4,503|3,330|
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|14.
CR|EDITORS: AMOUNTS FALLING DUE AFT|ER MORE THAN ONE YE|AR|
|---|---|---|---|
|||2022|2021|
|||tacO|£000|
|Bank loans|— secured (note 15)|1,950|2,150|
|School fees|paid in advance (note 17)|17|47|
|Pension deficit provision (note 16)||804|844|
|Obligations|under finance leases|239|-|
|||3,010|3,041|
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|Loans are repayable as follows:|||
|---|---|---|
||2022|2021|
||£‘OOO|£‘OOO|
|In one year or less|200|200|
|Between one and two years|200|200|
|Between two and five years|1,750|1,950|
|In five years or more|-|-|
||2,150|2,350|
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|balance sheet date the estimated discounted employer deficit|is detailed below.||
|---|---|---|
||2022|2021|
||£000|£‘OOO|
|Pension deficit provision as at 1 September 2021|963|1,079|
|Deficit contributions paid|(111)|(117)|
|Remeasurement of defined benefit pension|55|1|
|Pension deficit provision as at 31 August 2022|901|963|
|Less: amount due within one year|(104)|(119)|
||803|844|
|17.
CREDITORS: DEFERRED INCOME|||
|||2022|
|||£‘OOO|
|At 1 September 2021||2,167|
|Received during the year||1,679|
|Discounts given during the year
Released to income for the year||2
(1,695)|
|At 31 August 2022||2,153|
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|||2022|2021|
|---|---|---|---|
|||£000|£000|
|Financial|assets measured at amortised cost (a)|4.552|4,192|
|Financial|liabilities measured at amortised cost(b)|3,752|2,810|
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|19.
RESTRICTED|FUNDS|||||
|---|---|---|---|---|---|
||Balance||||Balance|
||1 September||||31 August|
||2021|Income|Expenditure|Transfers|2022|
||£‘OOO|£‘OOO|£000|£000|£‘OOO|
|Hardship fund|69|-|-|-|69|
|Music and Languages||||||
|Fund|18|-|(8)|-|10|
|Specific student funds|9|-|(4)|-|5|
||96|-|(12)|-|84|
||Balance||||Balance|
|---|---|---|---|---|---|
||1 September||||31 August|
||2020|Income|Expenditure|Transfers|2021|
||£000|£‘OOO|£‘OOO|£‘OOO|£000|
|Hardship fund|101|1|(33)|-|69|
|Music and languages||||||
|fund|18|-|-|-|18|
|Specific student funds|26|-|(17)|-|9|
||145|1|(50)|-|96|
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|||Balance|||||Balance|
|---|---|---|---|---|---|---|---|
||1|September||||31|August|
|||2021|Income|Expenditure|Transfers||2022|
|||£‘OOO|£‘OOO|£‘OOO|£‘OOO||£‘OOO|
|General||17311|18,236|(17,388)|-||18,159|
|||17311|18,236|(17,388)|-||18,159|
||Balance||||Balance|
|---|---|---|---|---|---|
||1 September||||31 August|
||2020|Income|ExpenditureTransfers||2021|
||£‘OOO|£000|£‘OOO|£‘OOO|£‘OOO|
|General|16,119|16,602|(15,410)|-|17311|
||16,119|16,602|(15,410)|-|17,311|
|21.|ANALYSIS OF NET|ASSETS BETWEEN FUNDS||||
|21.
ANALYSIS OF|NET ASSETS BET|WE|EN FUNDS|||
|---|---|---|---|---|---|
|2022|||Net Current|||
||Tangible||Assets/|Long-Term|2022|
||Fixed Assets||(Liabilities)|liabilities|Total|
||£‘OOO||£‘OOO|£‘OOO|£‘OOO|
|Restricted Funds|-||84|-|84|
|Unrestricted Funds|20905||264|(3,010)|18,159|
||20,905||348|(3,010)|18,243|
|2021|||Net Current|||
||Tangible||Assets/|Long-Term|2021|
||Fixed Assets||(Liabilities)|liabilities|Total|
||£000||£‘OOO|£1000|£000|
|Restricted Funds|-||96|-|96|
|Unrestricted Funds|19,246|-|1,107|(3042)|17,311|
||19,246||1,203|(3,042)|17,407|
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|At 31 August 2022 the School had annual commitm
issues:|ents under non-cancellable op|erating|
|---|---|---|
||Land and|buildings|
||2022|2021|
||£‘OOO|£‘OOO|
|Operating leases which expire:|||
|Within one year|60|61|
|Within two to five years|-|60|
||60|121|
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|||Unrestricted|Restricted|Restricted|Total|
|---|---|---|---|---|---|
||Note|Funds|Funds||2021|
|INCOME||£000|£‘OOO||£‘OOO|
|Income from:||||||
|Donations and legacies|6|236||1|237|
|Investments|5|3||-|3|
|Ancillary trading income|4|908||-|908|
|Charitable activities|3|15455|||15,455|
|Total Income||16,602||1|16,603|
|EXPENDITURE||||||
|Charitable activities||15,410||50|15,460|
|Total Expenditure|7|15,410||50|15,460|
|Net School Income forthe year||||||
|before transfers||1,192||(49)|1,143|
|Transfers between funds|19|-||-|-|
|Net movement in funds||1,192||(49)|1,143|
|Total funds brought forward||16,119||145|16,264|
|Total funds carried forward|21|11,311|—_____|96|17,407|