2022-08-31-accounts

				Page
Reference and Administrative		Details ofthe Charity, its Governors	and Advisers	1-2
Chair's Statement
Governors' Report				4-19
Governors' Responsibilities		Statement		20
Independent Auditors'	Report on the Financial Statements			21 -24
Statement of Financial	Activities			25- 26
Balance Sheet				27 - 28
Statement ofCash Flows				29
Notes to the Financial	Statements			30-55

				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	funds	funds
			Note	2022	2022 f	2022	2022 f	2021 6
Income and
endowments	from:
Donations and	legacies		3	15,937			15,937	114,838
Charitable activities:			6
Schoolfees				11,619,316			11,619,316	10,341,461
Other income				41,325			41,325	60,087
Cost of providing
school buses				(42,691)			(42,691)	(111,090)
Remissions				(1,269,480)			(1,269,480)	(1,246,283)
Other trading activities				192,234			192,234	85,040
Investments				3,064	13,253		16,317	14,359
Government grants								34,552
Total				10,559,705	13,253		10,572,958	9,292,964
Expenditure on:
Raising funds				68,508	3,824		72,332	89,720
Charitable activities:
Teaching and
governance				5,863,418			5,863,418	5,543,638
Premises				2,362,515			2,362,515	2,490,955
Welfare				1,031,168			1,031,168	787,397
Other charitable
activities				884,002	5,347		889,349	837,106
Total				10,209,611	9,171		10,218,782	9,748,816
Net
income/(expenditure)
before net
(losses)/gains	on
investments				350,094	4,082		354,176	(455,852)
Nat (losses)/gains		on
investments					(129,198)		(129,198)	101,243
Net Income/
(expenditure)				350,094	(125,116)		224,978	(354,609)
Transfers between
funds			24	14,628	(14,628)
Net movement	in
funds before other
recognised gains
carried forward				364,722	(139,744)		224,978	(354,609)

			FOR THE YEA	R ENDED 31A	UGUST 2022
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
		Note	2022 6	2022 f	2022 K	2022	2021 f
Net movement	in
funds before	other
recognised
gains)(losses)
brought forward			364,722	(139,744)		224,978	(354,609)
Other recognised
gains:
Actuarial gains/(losses)
on defined benefit
pension scheme		29					960,000
Net movement	in
funds			364,722	(139,744)		224,978	605,391
Reconciliation	of
funds:
Total funds brought
forward			7,801,041	744,958	45,875	8,591,874	7,986,483
Net movement	in funds		364,722	(139,744)		224,978	605,391
Total funds carried
forward			8,165,763	605,214	45,875	8,816,852	8,591,874

					2022		2021
			Note		6		6
Fixed assets
Intangible assets			14		6,454		7,957
Tangible assets			15		10,053,478		10,262,525
Investments			16		510,953		638,493
					10,570,885		10,908,975
Current assets
Stocks			17	55,045		70,268
Debtors			18	819,364		586,357
Cash at bank and in hand				2,612,676		1,819,912
				3,487,085		2,476,537
Creditors: amounts	falling due within one
year			19	(3,074,291)		(2,420,361)
Net current assets					412,794		56,176
Total assets less current liabilities					10,983,679		10,965,151
Creditors: amounts	falling due after more
than one year			20		(2,166,827)		(2,373,277)
Net assets excluding		pension asset			8,816,852		8,591,874
Total net assets					8,816,852		8,591,874

			2022	2021
		Note		6
Charity funds
Endowment	funds	24	45,875	45,875
Restricted funds		24	605,214	744,958
Unrestricted	funds	24	8,165,763	7,801,041
Total funds			8,816,852	8,591,874

	FOR	TH	E YEAR ENDED 31AUGUST	2022
				Note	2022 6	2021f
Cash flows from operating	activities
Net cash used in operating	activities			26	1,497,102	(165,383)
Cash flows from investing	activities
Proceeds from the disposal	oftangible	fixed assets			2,750	621
Purchase ofintangible assets						(8,800)
Purchase oftangible fixed assets					(513,068)	(741,968)
Proceeds from sale of investments					95,688	98,473
Purchase of investments					(97,346)	(104,937)
Dividend income					13,253	12,815
Interest received					3,064	1,544
Net cash used in investing	activities				(495,659)	(742,252)
Cash flows from financing	activities
Cash inflowe from new borrowing						1,850,000
Loan repayments in year					(49,094)	(49,226)
Capital repayments in year					(159,585)	(104,580)
Net cash (used in)/provided	by financing		activities		(208,679)	1,696,194
Change in cash and cash	equivalents	in	the year		792,764	788,559
Cash and cash equivalents	at the beginning		ofthe year		1,819,912	1,031,353
Cash and cash equivalents	at the end of		the year	27	2,612,676	1,819,912
The notes on pages 30to 55form part		ofthese financial statements

	Unrestricted	Total	Total
	funds	funds	funds
	2022f	2022 6	2021
Donations	8,064	8,064	91,948
Legacies	7,873	7,873	22,890
Total 2022	15,937	15,937	114,838
Total 2021	114,838	114,838

	Unrestricted	Total	Total
	funds	funds	funds
	2022	2022	2021f
Lettings and event income	192,234	192,234	85,040
Total 2022	192,234	192,234	85,040
Total 2021	85,040	85,040

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022 6	2022	2022 6	2021f
Investment	income from listed investments		13,253	13,253	12,815
Deposit account interest		3,064		3,064	1,544
Total 2022		3,064	13,253	16,317	14,359
Total2021		1,544	12,815	14,359

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022f	2022 F	2022 6	2021 E
School fees		11,619,316		11,619,316	10,341,461
Other income		41,325		41,325	60,087
Cost of providing	school buses	(42,691)		(42,691)	(111,090)
Remissions		(1,269,480)		(1,269,480)	(1,246,283)
Total 2022		10,348,470		10,348,470	9,044,175
Total 2021		9,058,377	(14,202)	9,044,175

		Unrestricted	Total	Total
		funds	funds	funds
		2022 6	2022f	2021 6
Coronavirus	Job Retention Scheme grants			34,552
Total 2021		34,552	34,552

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2022f	2022	2022f	2021 f.
Lettings and	event costs		68,508		68,508	85,751
Investment	management	fees		3,824	3,824	3,969
			68,508	3,824	72,332	89,720
Total 2021			85,751	3,969	89,720

	Direct	Support	Total	Total
	costs	costs	funds	funds
	2022f	2022f	2022f	2021f
Teaching and Governance	5,776,201	87,217	5,863,418	5,543,638
Premises	1,641,647	720,868	2,362,515	2,490,955
Welfare	1,031,168		1,031,168	787,397
Other	817,906	71,443	889,349	837,106
	9,266,922	879,528	10,146,450	9,659,096
Total 2021	8,736,497	922,599	9,659,096

		Teaching
		and				Total	Total
		Governance	Premises	Welfare	Other	funds	funds
		2022 8	2022 8	2022f	2022f	2022f	2021f
Pension finance
costs							10,000
Staff costs		5,294,986	784,317	513,459	521,673	7,114,435	6,837,130
Teaching
resources		220,321				220,321	143,096
Premises	and
grounds			102,856			102,856	88,469
Rates			73,633			73,633	68,644
Insurance		18,963	80,205			99,168	93,366
Light, heat	and
water			273,841			273,841	226,086
Other teaching
costs		155,488				155,488	148,892
Travel		86,443		2,279		88,722	31,235
Catering				495,353		495,353	306,036
I aundry				7,224		7,224	2,018
Nursing				12,853		12,853	8,889
Cleaning			79,577			79,577	194,762
Maintenance			247,218			247,218	299,605
Marketing	and
development					80,850	80,850	73,430
ITcosts					108,476	108,476	86,176
Administration					88,861	88,861	78,278
Recruitment					22,408	22,408	18,284
Bad debts					(4,362)	(4,362)	22,101
		5,776,201	1,641,647	1,031,168	817,906	9,266,922	8,736,497
Total 2021		5,459,776	1,703,947	787,397	785,377	8,736,497

						Total	Total
			Governance	Premises	Finance	funds	funds
			2022 6	2022f	2022 6	2022f	2021f
Depreciation	and amortisation			723,414		723,414	741,840
(Surplus)/deficit		on disposal of
assets				(2,546)		(2,546)	45,168
Bank charges					14,680	14,680	12,966
Bank interest					39,486	39,486	7,672
Leasing interest					17,277	17,277	23,851
Interest paid	to	HMRC					7,240
Governance	costs		87,217			87,217	83,862
			87,217	720,868	71,443	879,528	922,599
Total 2021			83,862	787,008	51,729	922,599

	2022	2021
	6
Auditors' remuneration	11,000	11,000
Depreciation - owned assets	671,245	690,641
Depreciation -assets on finance lease	50,666	49,666
(Surplus)/deficit on disposal offixed assets	(2,546)	45,168
Computer software amortisation	1,503	1,533
Operating lease payments	119,233	75,923

Auditors' remuneration
						2022	2021
						6	f
Fees payable to the Charity's	auditor		for	the audit ofthe Charity's	annual
accounts						11,000	11,000
Fees payable to the Charity's	auditor		in respect of:
All taxation advisory services	not	included		above		430	410
All non-audit services not induded		above				6,474	2,474

	2022	2021
	6	8
Wages and salaries	5,514,233	5,295,948
Social security costs	550,889	503,888
Other pension costs	1,049,313	1,037,294
	7,114,435	6,837,130

	2022	2021
	No.	No.
Teaching	108	108
Support	19	17
Welfare	26	29
Premises	38	37
	191	191

2022	2021
No.	No.

Intangible assets
	Computer
	softwaref
Cost
At 1 September 2021	44,134
At 31August 2022	44,134
Amortisation
At 1 September 2021	36,177
Charge for the year	1,503
At 31 August 2022	37,680
Net book value
At 31August 2022	6,454
At 31August 2021	7,957

	Freehold	Plant and	Fixtures	Motor	Computer
	property F	machinery 6	and fittings f	vehicles f	equipment 6	Total
Cost or valuation
At 1 September 2021	14,211,412	1,015,714	1,856,041	18,621	806,264	17,908,052
Additions	157,391		279,566	40,020	36,091	513,068
Disposals			(260)			(260)
At 31 August 2022	14,368,803	1,015,714	2,135,347	58,641	842,355	18,420,860
Depreciation
At 1 September 2021	5,622,912	234,444	1,389,554	12,056	386,561	7,645,527
Charge for the year	436,462	50,786	94,599	4,463	135,601	721,911
On disposals			(56)			(56)
At 31August 2022	6,059,374	285,230	1,484,097	16,519	522,162	8,367,382
Net book value
At 31August 2022	8,309,429	730,484	651,250	42,122	320,193	10,053,478
At 31August 2021	8,588,500	781,270	466,487	6,565	419,703	10,262,525

		2022	2021f
	Cost
	At 1 September	993,321	993,321
	Additions	40,020
		1,033,341	993,321
	Depreciation
	At 1 September	231,626	181,960
	Charge for year	50,666	49,666
		282,292	231,626
	Net book value
	At 31 August	712,029	761,695
16.	Fixed asset investments
			Listed
			investments
	Cost or valuation
	At 1 September 2021		638,493
	Additions		97,346
	Disposals		(95,688)
	Revaluations		(129,198)
	At 31August 2022		510,953
	Net book value
	At 31August 2022		510,953
	At 31 August 2021		638,493

17.	Stocks			FOR	THE YEAR ENDED 31AUGUS	T 2022
						2022 8	2021f
	Stocks					55,045	70,268
18.	Debtors
						2022	2021
						6
	Due within one year
	Trade debtors					242,795	148,530
	Other debtors					26,800	58
	Prepayments and accrued income					549,769	437,769
						819,364	586,357
19.	Creditors: Amounts			falling due	within one year
						2022	2021
						E	6
	Bank loans and overdrafts (see note 20)					146,492	114,036
	Trade creditors					662,088	455,355
	Other taxation	and	social security			271,211	248,066
	Finance leases	(see note 21)				135,639	122,829
	Other creditors					146,642	151,772
	Accruals and deferred			income		1,712,219	1,328,303
						3,074,291	2,420,361
						2022	2021
						8	6
	Deferred income
	Deferred income at 1			September	2021	1,282,439	1,075,026
	Resources deferred		during the year			1,623,327	1,282,439
	Amounts released		from previous		periods	(1,282,439)	(1,075,026)
						1,623,327	1,282,439

			2022 E	2021f
	Bank loans (see note 20)		1,749,470	1,895,931
	Finance leases (see note	21)	136,179	243,663
	Other creditors		281,178	233,683
			2,166,827	2,373,277
21.	Loans
	An analysis ofthe maturity ofloans is given below:
			2022f	2021f
	Amounts falling due within	one year on demand:
	Loans		146,492	114,036
	Amounts falling between	one and two years:
	Loans - 1-2years		146,492	146,492
	Amounts falling due between two and five years:
	Loans - 2-5years		1,602,978	353,824
	Amounts falling due in more than five years:
	Repayable by instalments:
	Loans more 5years			1,395,615

Leasing agreements
							Finance	Finance
							Leases 2022	Leases 2021
							f	6
Net obligations repayable:
Within one year							135,639	122,829
Between one and five	years						136,179	243,663
In more than five years
							271,818	366,492
The finance lease relates to a tractor and to the installation						and purchase	of a Biomass	Boiler System.
The term of the tractor lease is 5 years			ending	in April 2027. The term of			the Biomass lease is 7 years
ending in July 2024. The		Biomass Boiler	System is accredited			by the OFGEM Non Domestic Renewable
Heat Incentive Scheme.
Minimum lease payments		under non-cancellable		operating	leases fall due as follows:
							2022	2021
							6	6
Within one year							75,806	88,071
Between one and five years							64,414	107,028
							140,220	195,099
Secured debts
The following secured	debts are included		within creditors:
							2022f	2021 6
Coronavirus Business	Interruption Loans						1,785,088	1,850,000
SONIA Loan							110,874	159,967
Financeleases							271,818	366,492
							2,167,780	2,376,459

	Balance at 1						Balance at
	September				Transfers	Gains/	31 August
	2021	Income f	Expenditure	f	in/out E	(Losses)	2022 f
Unrestricted
funds
Revenue
reserve	7,201,041	10,559,705	(10,209,611)		14,628		7,565,763
Designated
Funds	600,000						600,000
	7,801,041	10,559,705	(10,209,611)		14,628		8,165,763
Endowment
funds
Foundation
endowment	45,875						45,875
Restricted
funds
Barnard Castle
School Prize &
Scholarship
Fund	575,215	13,253	(3,824)			(129,198)	455,446
Heamshaw
Legacy	85,784				(14,628)		71,156
Science Centre
Donation	83,959		(5,347)				78,612
	744,958	13,253	(9,171)		(14,628)	(129,198)	605,214
Total offunds	8,591,874	10,572,958	(10,218,782)			(129,198)	8,816,852

Statement offunds (continued)	Statement offunds (continued)
Statement offunds - prior year
	Balance at					Balance at
	1 September			Transfers	Gains/	31August
	2020	Income	Expenditure	in/out	(Losses)	2021
	6	8			6
Unrestricted
funds
Revenue
reserve	6,671,988	9,294,351	(9,739,500)	14,202	960,000	7,201,041
Designated
Funds	600,000					600,000
	7,271,988	9,294,351	(9,739,500)	14,202	960,000	7,801,041
Endowment
funds
Foundation
endowment	45,875					45,875
Restricted
funds
Barnard Castle
School Prize &
Scholarship
Fund	479,328	(1,387)	(3,969)		101,243	575,215
Heamshaw
Legacy	99,986			(14,202)		85,784
Science Centre
Donation	89,306		(5,347)			83,959
	668,620	(1,387)	(9,316)	(14,202)	101,243	744,958
Total offunds	7,986,483	9,292,964	(9.748,816)		1,061,243	8,591,874

Analysis Analysis	FOR THE YEA of net assets between funds of net assets between funds -	R ENDED 31AUGU current year	ST 2022
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2022 6	2022 6	2022	2022f
Tangible	fixed assets	9,933,902	73,701	45,875	10,053,478
Intangible	fixed assets	6,454			6,454
Fixed asset investments			510,953		510,953
Current assets		3,466,525	20,560		3,487,085
Creditors	due within one year	(3,074,291)			(3,074,291)
Creditors	due in more than one year	(2,166,827)			(2,166,827)
Total		8,165,763	605,214	45,875	8,816,852

Analysis	of net assets between funds -	prior year
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2021 6	2021f	2021f	2021 6
Tangible	fixed assets	10,137,603	79,047	45,875	10,262,525
Intangible	fixed assets	7,957			7,957
Fixed asset investments			638,493		638,493
Current assets		2,449,119	27,418		2,476,537
Creditors	due within one year	(2,420,361)			(2,420,361)
Creditors	due in more than one year	(2,373,277)			(2,373,277)
Total		7,801,041	744,958	45,875	8,591,874

								2022f	2021f
	Net income/(expenditure)	for the	year	(as	per	Statement	of Financial
	Activities)							224,978	(354,609)
	Adjustments for:
	Depreciation charges							721,911	740,307
	Amortisation charges							1,503	1,533
	Losses/(gains) on investments							129,198	(101,243)
	Dividends, interests and rents from		investments					(3,064)	(1,544)
	(Profit)/loss on the sale offixed assets							(2,546)	45,168
	Decrease in stocks							15,223	11,117
	Increase in debtors							(233,007)	(53,745)
	Increase/(decrease) in creditors							656,159	(459,552)
	Dividend income							(13,253)	(12,815)
	Pension Liability Adjustment								20,000
	Net cash provided by/(used in) operating			activities				1,497,102	(165,383)
27.	Analysis ofcash and cash	equivalents
								2022 f	2021
	Cash in hand							2,612,676	1,819,912
	Total cash and cash equivalents							2,612,676	1,819,912
28.	Analysis ofchanges in net	debt
							At 1
							September		At 31August
							2021	Cash flows f	2022 6
	Cash at bank and in hand						1,819,912	792,764	2,612,676
	Debt due within 1 year						(114,036)	(32,456)	(146,492)
	Debt due after 1 year						(1,895,931)	146,461	(1,749,470)
	Finance leases						(366,492)	94,674	(271,818)
							(556,547)	1,001,443	444,896

Principal actuarial assumptions	at the Balance Sheet da	te (expressed as weighted averages	):
		At 31August	At 31	August
		2022		2021
Discount rate		4.2		1.7
Future salary increases		3.9		3.7
Future pension increases		2.9		2.7
CPI inflation		2.9		2.7
Pension accounts revaluation	rate	2.9		2.7
		At 31 August	At 31	August
		2022		2021
		Years		Years
Mortality rates (in years)
-for a male aged 65 now		22.1		22.3
- at 65fora male aged 45 now		23.2		23.3
-for a female aged 65 now		24.2		24.3
- at65for a female aged 45 now		25.7		25.8

The Charity'	s share ofthe assets in the scheme wa	s:
		At 31August	At 31 August
		2022 8	2021 f
Equities		5,020,000	5,830,000
Property		770,000	640,000
Government	bonds	1,040,000	1,590,000
Corporate bonds		400,000	1,780,000
Cash		130,000	450,000
Other		490,000
Multi Asset	Credit	1,330,000
Total fair value ofassets		9,180,000	10,290,000

					2022	2021
					6	F
Current	service	cost			160,000	170,000
Interest	income				(170,000)	(140,000)
Interest	cost				170,000	150,000
Total amount recognised			in the Statement of Financial Activities		160,000	180,000
Movements in the present			value ofthe defined benefit obligation	were as follows:
					2022f	2021
Opening	defined	benefit obligation			9,920,000	9,610,000
Interest	cost				170,000	150,000
Contributions by scheme participants					20,000	20,000
Actuarial	(gains)/losses				(3,510,000)	250,000
Benefits	paid				(270,000)	(280,000)
Current	service cost				140,000	170,000
Closing	defined	benefit obligation			6,470,000	9,920,000

				2022	2021
				6	6
Opening	fair	value ofscheme assets		9,920,000	8,670,000
Expected	return		on assets	170,000	140,000
Actuarial	(losses)/gains			(3,510,000)	1,210,000
Contributions		by	employer	140,000	160,000
Contributions		by	scheme participants	20,000	20,000
Benefits	paid			(270,000)	(280,000)
Closing	fair	value ofscheme assets		6,470,000	9,920,000