REGISTERED COMPANY NUMBER: 07976220 IEngland and Wales) REGISTERED CHARrrY NUMBER: 1147521 orto e T stees and Unaudlt8d Flnanelal St8t•m•nts for the Year Ended 202 for Collaboratlve Schools Ltd Monahans Chartered Accountants Fortescue House Court Street Trowbridge Wiltshire BA14 8FA
Collaboratlvè Schoo Ltd Contents oftho Financlal Ststements for the Year Ended 31 Au ust 202 P•gè Report of the Trustees 1 to 4 Independent Examlnerfs R¢p¢rt Statement of Flnanclal Actlvllles Balance Sheet Not•s to th• Flnanclal Statements to 16 Detalled Ststement of Finanelal Actlvlties 17
Collaboratbve Schools Ltd Re ort of the Trustees fortho Yoar Ended 31 Au The trustees who are also directors of the charity for the purp0888 of the Ccxnp8nies Act 2006, present their report wlth the financial statements of the charity for Ihe year ended 31 August 2021. The trustees have adopted the provisions of counting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charits'es preparing their accounts in accordance with the Financial Reporting Standard applicae in the UK and Republi¢ of Ireland IFRS 1021 {effecltve 1 January 20191. Obleets and alms stat8ment of Purpose Shaping th& future together by.. - Supporiing schools to achieve their own and gth¢rfs aims.. Working in the interest of all pupils and families acros$ Trowbridge., - Fostering exc8118nce through innovative Pfactlce. Objective$ and aim$ The charitable company's objects are to promote and a(fvance the education of ehlldren, young peOe and thelrfamllles wlthin the wid•r Trowbridge community by., al Supportlng the devebpment and Maintenan of a sustainable, self-improving progr8s*vè $ehool systarn., bl Supporting positive personal achi8vernents and outcomes- cl Reduang barriers to learning. enhancing health and well-being and raising aspirations., dl Promolino such other charitable purposes that May on occasion be delerrnlned. In carying out ils objeelives, the charitable company will prornote equality of opportunity and cpposè any form of discrimination on grounds of race, ethnic origin, gènd&r, s8xual orientauon, age, disability or relyion. In order to achieve the above objects the tharity airn5 to provtile seNc8s. pfovKlo advocacy, advice and information and to act as a resource body bcal schools and academies. Obl¢ctivg8. $trategle¥ and adlvltles The charity trustee5 confim Ihat they have had regard to the guldanee issued by the charity commission on public benefit, and have followed this in planning and undertaking th8 actNitias. In meeting its obio¢live5, CollaboratNe Schools Linited provides its m8mb8r sch>18 with access to. engagement with, and d8velopment of 8 range of opportunities, some of whlch a captured below. Collaborative Schods Ltd ¢)peratsd as normally a5 po$siblo throughout the Covld Pandemlc whllst adherlng to National and bcal guidelines and conli)ues to do so today. The ehartty adop1 a remote delNery to key servKes. reviewed priority foci and continually adapted provision wi order to mlgate risk and OFerate in ccfflplianc8 Wth Public Heahh and Goveitwnent Guidelines. Engagement with services, along with partner feedback identifigs that the charity continued to meet the needs of our members. pu19. famllies an¢J other stakeholders. 1. Continuing professional development ICPDI for schtrjl staff. Our CPD wogT8mrne fa115 Within tha follow"w cat8gorie$.' - SEND. targeted Support and inclusion Teaching and l&arnlng - Leadership development - Govemor development Safeguarding and compliance Examptes of some of the tralning provlded included.. - Safeguarding wilh a focus on child domestic abuse. parent mental heallh aThJ safer recruitment Compliance promoting safety and health Positive handling Developing leadership ts.ers wthln educth.on - Govern(Ks Safeguarding responsibilthes - Supporting children with Social. Emotional and Mental Health ISEMH} need5 - Sup8Msion for school staff worf(ir¥J with th8 most vulnerab18 Mental health first aid training - Attachrnent and trauma Shaping in5piratiori81 TA praCce Intensive reading support - Primary Newty Qualified Teacher progrMe Coaching skllls for mrddle leaders P89è 1
Collaborative Schools Ltd ort ofthe Trustees h Year Ended 31 Au ust 2021 OBJECTIVES AND ACTIVITIES 2. Joint pr8CtiC8 devalopment IJPDI for school staff. Examples of some of the professional learning cornmunitie5 currentty operating.. Engllsh Maths Science History and heritage - Cornputing Religious Education IRE) Special edu¢atiDnal needs and disabilities ISENDI - Early years - Welfare and parent engagement (parent SUPPDrt advisors) Leadership and learning - Moderation - School business management 3. School lrnprovem8nt. CSL8 school to School support package draw8 on the axpartisa of ltadws Ircn across CSL. Straddling bvo tiers. targeted and universal. outstanding practioners are available to provJe bespoke support packages. Peer support and Ghallenge underpin the shariry of excellence acro$$ our schooL8. 4. Targeted support and inclusion. EXaMpS of som8 58rvices and support stwctures eurrentty cyerating.. - The indusion forum Family Theraplay and Theraplay in education (The Therapl8y In$tilul•l Counselling Educational psychology Sensory occupation81 Ih8rapy Parenbng support Art in health Music therapy - The Harbour Programme supportlng young chlldren suffering with SEMH needs - Foresl school - Supervision to staff working with thg mo$t vulnerab -Allernalive currulUM opportunities 5. ActNities to support pupil eo15aboratlon. Children and young people are at th8 h8art of averything CSL does and we strive io make cornmunty cohesion real to them via 8 range of activities and OFPOrtunitit#'. Sports festivals and competitions Trowbridge Youth Parliament - Town wide Music festival- cancelled due to the Covid Pandemic Public benefit The charity's principle source of funding is through Subscripbons from mernb8r schools, external grants and lettings. The contributs.ons from member schools have again been set at £6 pgr Capita. Much of th8 activity 8nd suceasg in meeting the key objeclives is linked to partnership working which banèfrt5 from the investment in co-ordination. CSL continues to focus signfficant time and capacity into its fijture 5UStalnability wlth exdtlng project work and a rising profila. The trustees confimi that Ihey have Complied with th8 requirem8nts of 5eGtion 17 of Ihe Charities Act 2011 to have du8 regard to the public benefit guidance published by the Charity Cornmission for England and Wales. Flnanclal revlew The charity's total income was £206,643 12020.. £252,213) and total expenditure was £228.72512020.. £218.2031. Th8 deficit for the year was £22,08212020.' £33,910 surplus). The charity's as5&t$ are available and adequate to fulfil its obligations on 8 fu1 by fund basis. Poli on re8erve¥ The total balance of funds at 31 August 2021 was £280.06712020". £302.1491. This includes reslricted funds of £44.677 12020.. £49.1451. The balance of unrestri¢tsd funds at 31 August 2021 was £235,390 12020.. £253,004). Of these unrestricted fund5, free re5etves (Calculated as total unrestricted reserve5, less designated funds and tangible fixed ass8t51 Wds £96.17812020.. £110,492). These fiJnd5 are held to cover the ongoing ¢osts of providing thè charity's work. Page 2
Collaborativ Schools L Re ort of the Trustees forthe Year Ended 31 Au ust 2021 The boaTd of tnJsteE5 considers that the state of th8 charity's affairs is satisfactory, and that the charitable company is well sltuated to eAlry on its objectives in thg futurg. STRUCTUR4 GOVERNANCE AND MANAGEMENT Nature of govemlng document The charity is controlled by its goveming éDcurnent, a deed of trust. and constitute5 a lirnited company. lirnited by guarantèa. as dèfined by Ihe Companie8 Act 2006. Risk management The trustees have 8 duty to identify and review Ihe Sk¥ to whleh the charity 1$ exposed ar¥J to ensure approprkqte controls are in place to provide reasonable assurance against fraud and 8rror. Recruitment and appolntmfrnt of nèw trustees The tnjstees are the headteachersl executive headteachersl prfncipals ol the 21 member schools. Trustee slatU8 i8 assumed by the above p08thons in each School. Th8r8 is a ch8ir an¢J vic8 chair appointed at an anwal election. TrLL8tee$ newty appoinled to the Charity are offered support by a mentoring and IruCtion package. Organisational structure Thè trustèos dèlagate r8spon5ibility for strategic rècommèndations on th& work of tho charity to an oporation5 group made up of thè chair, wce chair and tsvo other trustees. Operatlon group meet5ng$ are open for 811 trustees to attend. The operations group is directly supported by the senior employe8 and draws input as required from staff working on a consul¢an¢y basis and from partner organisations. Recommendations from this group are considered aThd agreed at full trustee rneeting5 held 6 x per year. Delegated decision rnaking Pro$$e5 are captured with the Govemance and Scheme of Delegation do¢urn¢nl which is revi8w8d on an annual basis. There 1$ an annual general meeting at which trustees and govemors frorn the 21 mernb8r schods are invited. Arrang•mènts for sètting key managem8nt pèrsonnol remuneratlon The trustees con5hl8r that th8 comprise the senior ernployee is the key management personnel of the charfty in ch8rg8 of the directing and controlling of the ¢harty and running and op&rating the charity on a day to day ba515. The senior employee is closety supported by the trustees all of whorn give of their time freely and no trustse remun8Talion was paid in the year. Details of trustets exp8nses and related paty transactions are disclosed in note 9 to Ihe accounts. Trustees are required to disclose 811 rel8vant interests and register them and in accordan with the ch8riWs policy and withdraw from decisions where a conflid of interest aris85. REFERENCE AND ADMINISTRATIVE DETAILS Règlstered Company numbèr 07976220 (England and Wales) Reglstered Charlty number 1147521 Rgglstgred offl¢g The Hub. The John of Gaunt School Wingfield Road Trowbridye ¥Mltshire BA14 9EH Pag8 3
Collaborativè Schools Ltd Re ort of the Trustees for the Year Ended 31 Au ust 2021 Trustees KAsh M Bardett- re%gned 3111212020 L R Bolton S Brown - appointed 2010412021 M Burr E G L Caldwell- resigned 3110712020 P L Cook- resigned 01109r2021 V Cottrèll J Farrell- appointed 31m312021 & resvjneil 0710212022 D Forster S E Garbutt J Hodge- appointed 2210312021 H Macmeekln- reslgned 3111212020 C Marshall A Pemberton- appointed 1310912021 E Powe- appointed 1710312021 B Rees- appoint8d 1510312021 & resigned 0110912021 L Rhodes -appointed 0710212022 T Sessions L Shellard P Skipp S Turley- appolnted 29103r2021 S J Wigloy- re5ign8d 3110712020 K Wilkins resigned 0110912021 V J Withers- appointed 1410912021 Company Seeretary J L Bullock Independent Examlner Monahans Chartered Accountant5 Fort8SCU8 House Court Street Trowbridge Wiltshire BA14 8FA Approved by order of the board of tIU5tees on ... LO. Zl....... and signed on fts behalf by.. J L BsJll¢xk- Secretary Page 4
Inde endent Examinerfs Re ort to the Trustees of Collaboratlve Schools Lt Ind•p•nd•nt èxaminets report to the trustses of Collaboratlv• Schoofs Ltd Ilh$ Company I report to the charty trustees on my examination of the accounts of the Company for the year ended 31 August 2¢Y21. Responslbllltles and ba¥ls of TePQrt As the charitys trustees of the Company land also its directors for the pury>oses of company lawl you are responsibl¢ for th8 preparation of Ihe accounts In accordance wlth the requiromèntg of the Companies Act 20061.lhe 2006 Act'l. HaviThJ satisfied myself that tha atcounls gf th8 Company are not required to be audited under Part 16 of the 2006 Act and are ellgible lor independent 8xamination. I report in respect of my examination ol youi chaiity's &¢eounls as carried out under section 145 of the Charities Act 2011 Ilhe 2011 Aofl. In carrying out rny exaTnination I have followed the Dir8¢tDns given by the Chaty Commission under $eclion 145151 Ibl of the 2011 Act. Independent oxamln•r's statement- rnatteT¥ of ¢on¢ern Identlfied I have compleled my examination. Ewdence available to me was Ilmtted because InfomatiOTt olating to CollaboTative School Ltd'5 share of the assets and liabilities of the penslon fund at th8 year end date was not obtained by the trust88s. As a result. th8 adjustments and disdosures requir8d by FRS 102 could not be incorporated into the a¢counls. Had infomiation been available in respect of Collaborative School Ltd's share of the undedying assets and 1kibilit$ of the scheme, an assèt would have been Jnised on the face of Ihe balance sheet along wrth a corresponding penslon reserv& wthln lunds. The standard also uires the Current seNi¢e c05t$. int&re5t on scheme liabilities and expected r8tum on 5cherne assets for the period to be iecognised in th8 Staternent of financial actiwti8s. Actuarial gains and los$e$ in the period would have been disclosed in the statement of tot81 recognised gains and losses. A triennial actuarial valuation as at 31 March 2019 showed that the fund was in surplkts, details of the valuation are dlsdosed in note 17 to the a0t$. I confirm that no othèr matter5 have come to my attantion in conn8Ction lh8 examination gimng m? reasonable eAuse to belleve that Sn ary material respect.. 8ccounting records were not kept in SpeCt of the Company as required by section 386 01 the 2006 Act." or the accounts do not accord wrth those recoTds', or the accounts do not cornply with the accounting r8quirements of section 396 of the 2006 Act othor than any requirtment that the a(xounts give a true and fair wew which 1$ not a matter considered as part ol an ind8P8ndent exarnination.. and th8 accounts have not been prepared in accordance with the melhods and prinrAples ol the Statement of Recommended Practice for accounting and reporting by charities (applicable to chariti8s preparing their accoun In accordance wth the Financial Reporting Standard applicable in th8 UK and Republic of Ir8land IFRS 10211. I coftfirm th8t ther8 are no other matters to which your attention should be drawn to enable a proper understanding of thè accounts lo be reached. Jarne8 G8re FCA DChA Institute of Chartered Accountants In England and Wales Monahans Chartered Ae¢ount8nt8 Fortescue Housè Court Street Trowbridge WiJt5hire BA14 8FA Date.. 23 May 2022 Pag8 5
Collaboratlve chools Ltd statement of Financlal Activitie$ the Year Ended 31 Au U5t 2021 2021 Total funds 2020 Total funds Unreslricied funds Re5tritsd funds Notes INCOME AND ENDOWMENTS FROM Charltable activltie5 Promote and advance eduCatn 171,553 34.924 206,477 250,311 Other trading activiles Investment incowne 135 31 135 31 795 1.107 Total 171,719 34,924 206.643 252,213 EXPENDITURE ON Charitable activities Piomote and advancé education 189,333 39,392 228.725 218,303 NET INCOMWIEXPENDITUREI 117.8141 14.4681 122,0821 33,910 RECONCILIATION OF FUNDS Total funds brought forward 253,004 49,145 302,149 268,239 TOTAL FUNDS CARRIED FORWARD 235,390 280,067 302.149 The notes form part ofthese financial statem8nts Page 6
Collaborative Schools Ltd Istered number. 07976220 Balance Sheet 31Au ust 2021 2021 2020 Notes FIXED ASSETS Tangible as88ts 12 139,212 142.512 CURRENT ASSETS Debtors Cash at bank and in hand 13 3,856 147003 1.484 166 274 150,859 167.758 CREDITORS Amounts falling due wlthln one year 14 ITO.0041 18.1211 NET CURRENT ASSETS 140 855 159 637 TOTAL A&SEfs LESS CURRENT LIABILITIES 280.067 302.149 NEf ASss 280.067 302 149 FUNDS Unrestricted funds Restricted lunds 16 235,390 44,677 253,004 49,145 TOTAL FUNDS 280 067 The charilable company is entitled to exemption from audit under Section 477 of the Companies Aet 2006 for the year ended 31 August 2021. The rn8mbers have not required the company to obtain an audil of its financial statements for the year en¢Jad 31 August 2021 in accordance with Section 476 of the Companies Act 2006. The trustees aCknOwdge thelr rèsponsibllloes for (al ensuring that the charitable company keeps COuntIng records Ihat coMY with Sections 388 and 387 of the Companies Act 2006 aThd preparing financial statements which give a true and lair Mew of the state of affairs of the charitable company as at the end ol each financlal year and of Sts surplus or deficlt for each financlal year In accotdance with Ihe requirements of Sections 394 and 3g5 and which otherwise cornpty with the requirements of the Companies Act 2006 relating to financial stalements, so lar as applicable to the ¢haritabl¢ ¢ompany. Ibl These financial statements have been prepared in accordance with the provisions applicable to charitabl6 eDmpanies sublect to the small companies regirne. Th? finandal stat8rnents were approved by the Board of Trustees and authorised for issue on - and were sned on its behalf by.. L Shellard- Trustee The notes fom) part of these financial statements P8go 7
Collaborativè School$ Ltd Notes to the Financial Statsment$ he Year Ended 31 Au ust 202 ACCOUNTJNG POLICIES Basls of pr¢parln9 the Ilnan¢lal ststemants The financial statements of the charitable ¢ornp8ny. which is 8 publlc benefit entity under FRS 102, have b88n prepared in accordanc8 Wsth the Charities SORP IFRS 1021 'Accounling and Reporting by Charitie5'. Statement of Recornmended Practice applicable to Gharities preparing Ih¢ir accounts in accordance with the Financk?I Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffeetive 1 January 20191,. Financral Reporting Standard 102 'The Finan¢vdl Reporting Standard applicable in the UK and Republic of Ireland, and the Cornpanies Act 2006. The financrdl statements have been prepared under the historical cost conv8ntion. Collaborative Schools Ltd as 8 charltabk company established in England and Wales. In the 8verht of the charitsble ¢ompany being wound up. the liability in respeGt of the guarantee 15 limited to £1 per member ol the charitable ¢ompaThy. The address of th? regist8r8d office is given in the reference and adrnlnlslrative details on page 1 of these ffinancial statements. The nalure of the charrtable companls operations and princlpal ACttIeS 8rè dascribad in th• Raport ofthe Trustees. The financial statements have been pr8pared on a golng concem basis under the historical cosl ¢onvention, modified to include certain items at lair value. The tunotk)nal currency ol Ihe charitable company, and the presentation currency of these financial ststements is the pound Sterling I"£'l. The significant accounting policie5 applied in the PParation of these financial statements are Sel out below. These polickgs have been consist¢nly appli8d to 811 years presented unless 0th8rwise stated Ineom8 All income 15 recogni5ed in the Statement of Financial Aclivieg once the eharity has entstlernenl lo thè lunds, fit Is probabl8 Ihat th8 incorne will b8 receNed and the amount can be measured teliably. Expandlturo Llabi1Stles are recognlsed as expendiiure as soon as thar8 19 8 legal or conslructive obligation commltting Ihe charity to that 8xpenditure. it is probable that a transfer of economic benefrts will be raquired in 5ettlernent and th8 amount of th8 obligation can be rneasured reliably. Exp¢ndrture is accounted for on an accruals basi5 and has been dassrfied under headings that aggregate all cost relatsd to the eategory. Where Costs cannol be diTeelly attributed to particular headg$ th9y have b88n allocatod to activities on a basis con5K%tent with Ihe use of Te50urces. Expendiiure includes any VAT which cannot be recovered and 1$ Tèported as part of the 8XP8nditure to which11 relates. Tangible fixed assets Depreciatio Is provlded at the following annual rate5 in ordar to write off each asset over its estimated useful life. Long leasehold Fixtures and fittings 2% on straighl line tiasis 33% an reduclng balance Long lea8ehold Includes18nd whlch is not deprgcialed. Assets wilh a value grealerlhan £500 are Included as Capital asset5. Taxation The charity is exempt from ctsrporadon tax on its ch8ritabk actlvlles. Fund accountlng Unrestricted funds can be used in accordance With the charitable o'ectives atthe dL8cretion of the tru8tO9S. R8slricted funds can onty be used for particular restricted purposes th1Th the objects of tha charity. Restrictions arise when specified by the donor otwhen funds are raised for particular re$lri¢ted purposes. Further 8xplanation of the nature and purpose of eath lund is induded in the notes to the financial 8lalem8nts. Page 8 Continued...
boratfve Schools Ltd Notes to the Flnanelal Statements - continued for the Year Ended 31 Au ust 2021 ACCOUNTING POLICIES- Contlnued Ponslon costs The charfty is 8 rnernber of W'ttshire Pension Fund. The Scheme is a rnulti-employer scheme. The Scheme hè5 pr&viously been accounted for as if it were a defined contribution scheme on the grounds Ihat trustees deoldad that il would be too expensive and of limited benefit to users of the financial statements to obtain the valuation of the charitys Sha of thtr scherne at the year end dat8. Th8 tru5tee5 have therefore continued to account for the scheme on a defined contribution b8818. Dèbtors Trade and other debtors are Yecognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepald nèt of any trade discounts duè. Cash at bank Ca8h at bank includes cash and short temi highly liquid Yesrents with a short maturity of the months or les# from the date ol wui$ith)n or opening of the deposit or similar account. Credltors and provisions Creditors and provision$ are re¢ogni$ed where thg charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be MeaSud or estimated reliably. Creditors and provisions are nom)ally cOgnised at thew settlement amount after allowlng for any trade discounts due. Flnanclal Instruments The Charit8b company onty has financial assets and financial liabilities of a kind that qualfy as ba51¢ financial instruments. Basrc financial Instruments are initially recognised al transilion value and subsequently measurèd at their settlement V8lue. Gtsing conc8m The financial statements have been prepared on a going cA)ncern bas as the trustees believe that no materlal uncertainties exist. The tnjstees have considered the level of ftjnds held and the expected level of income and expendthre for 12 months frorn authoit5ing these financial statements. The budgeted income and eyFenditure is SIfflent with th8 18vel of reserves for th8 charity to b8 able to contlnU8 as a going concem. OTHER TRADING ACTNMES 2021 Total luThJs 2020 Total lunds Unrestricted funds Restdcted funds Leitings Inwme 135 135 795 IfrV4ESTMENT INCOME 2021 Total funds 2020 Total funds Unrestrictsd lunds Restricted fvnds Deposlt account Interest 31 31 1.107 P8g• g continued...
Collaboratlve S hool Ltd es to the Financial Statements- continued for the Year Ended 31 Au ust 2021 INCOME FROM CHARITABLE ACTivrriES 2021 Promote and 8dv8nce eduration 2020 Total aGtivitie5 Income from schocls Grants Other income 172,010 34,424 43 234.116 16,195 206.477 250.311 Grants Teceived. included in the above. are as folkJw5.' 2021 2020 Wiltshir8 Council Wiltshire Community Foundation National Lottery Wiltshire College seh0d Housing 29,474 4,995 9,200 2,000 4,950 34.424 CHARABLE ACTIVITIES COSTS Dire Cost5 Isee note 61 Support costs (see note 71 Totals Promote and advance education 213.884 14,841 228.725 OIRECT COSTS OF CHARITABLE ACTIVITIES 2021 2020 Staff costs Rate5 and wator Light and heat Telephon8 Postage and 8tationery Sundries Activlty costs Con5ullancy fee5 CommB8ioning Cleaning Repairs M8rketirYJ IT ¢o$ls- Digital D8VlCeS 86.498 473 1.400 1.680 98,030 637 1,400 1,680 1,008 612 38,027 2,580 55,726 821 2,691 145 146 47.016 2,295 46,569 1,488 2,206 14171 24.458 213,884 203.357 Pagè10 Gontinued...
Collaborat1 Schools Ltd Notes to the Financial Statements- continued SUPPORT COSTS Other Promote and advance educatlon 14,841 Support costs, Included In the above, are as follows.. 2021 Promote and advanc8 education 2W20 Total activities Bank charges Insurance Independent examiners fees Legal fee5 other 5UPPOrt costs Depreciation of tangible fixed 8s58t 1.854 3.000 13 6,674 1.833 2.758 13 6,934 3,401 14,841 NET INCOMEIIEXPENDITUREI Net inc0mel{expendituI is stated after chaTgingll¢redibro1'. 2021 2WkO Depreciation- owned a$8ets Independenl examinerfs remuneration 3,300 3,000 3,401 2,758 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefrts for the year ended 31 August 2021 Th)r for the year ended 31 August 2020. Trustees. expans•s Th8re were no 31 August 2020. trustee5' exp8n50S pa for tha year ended 31 August2021 nor for the year eniled 10. STAFF COSTS 2021 2¢X20 Wage$ and Salaries Social security costs Other pensk)n costs 72,079 1.549 12.870 81,826 1,046 86,498 98.030 The average monthly numbor of employees during the yearwas as follows.. 2021 2020 Full fjme Part ts.me Apprentices- part tim No employ8e5 received emoluments in gxrR$s of £80,(KJO. Page11 ntinued...
Collaboratlve Schoo15 Ltd Notes to the Financial Statements - continued for the Year Ended 31 Au 2021 10, STAFF COSTS- ¢ontinu¢d The key management personnel of the charity comprises the board of trustees and the secretary who are in charge of direetlng and controlling Ihe charity and wnning and operatin9 the charity on a day io day basis. The total arnount of employee benefits received by key rnanagement personnel during thè yaar was £54,60712020 £54.4831. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTWMES Unrestricted fund$ Restricted funds Total funds INCOME AND ENDOWMENTS FROM Charitabl• actlvltles Promote a¢Jvance education 184,673 85.638 250.311 Other trading activiti85 Investment incon 795 1.107 795 1,107 Total 186,575 65,836 252,213 EXPENDIYURE ON Charbtabl• aetivities Promote ar advancè aducatlon 195,364 22,939 218.303 NET INCOMEIIEXPENDITUREI 18,7891 42,699 33.910 RECONCILIATION OF FUNDS Totsl funds brought forward 261,793 6,446 268.239 TOTAL FUNDS CARRIED FORWARD 253 004 49.145 302 149 12. TANGIBLE FIXED ASSETS Flxtures and fitting5 Long leasehold Totals COST At 1 September 2020 and 31 August 2021 170,IXJO 172,993 DepRe¢TION At 1 September 2020 Charge for year 27,488 3,300 2,993 30,481 3,300 At 31 AuSt 2021 30.788 2,993 33,781 NeT BOOK VALUE At 31 August 2021 139,212 139212 At 31 Aaust 2020 142.512 142,512 Included in cost or v8luatlon of land and buildings is freohold land of £5.0(1 12020 £5,000) which 1$ not depr8ciated. Leasehold land and buldings represents a long leasehold from Th8 John of Gaunt School and 18 included at de8m8d c05t of £170.000 as determined by the trustees. Page 12 continued...
Collaborauve Schools Ltd Not•s to th• Flnanclal Stat•ments- contlnu for the Year Ended 31 Au ust 2021 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade debtors PTepayrnents and accrued income 2,428 465 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade credltors Social security and other taxes A¢¢ruals and deferred income 6.037 138 4,396 827 10,004 8.121 Deferred Income 2021 2020 Defened Income at 1 S8Pt8rnb8r 2020 R8source8 d8ferr8d in the year Amoun¢s released from PTewous ye8rs 23523 829 23,5231 Deferred Incom8 at 31 August 2021 829 Deferred incom8 represents trading activities received durirvJ the year which lateS to the followno year. 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2021 Totsl funds 2020 Total funds Unrestricted funds Restricted funds FSxed assets Current assets Curr8llt liabiliti8S 139,212 106.182 139,212 150,859 142,512 167,758 44,677 235.390 44,677 280,067 302,149 16. MOVEMENT IN FUNDS Net movernent in funds At 31.8.21 At 1.9.20 Unre5trlcted ful General fund 253,004 {17,6141 235.390 Restrfcted funds SEMH Music Grant LAC Wtllb8ing Nats'onal Lottery Grant DvJital Devices 5,883 34,062 9.200 15,8831 18,1401 11,0051 10.560 25.922 8.195 10,560 49,145 TOTAL FUNDS 302,149 22 0821 280.067 Page 13 continued...
I boratlvo Sehools Ltd Not8s to the Flnancial Statements . continued for the Year Ended 31 Au U5t 2021 16. MOVEMENT IN FUNDS . eontlnued Net movement in fuThd$. included the above are as follo. Incorning ources Resources expended Movement in funds Unrestrlcted funds General fund 171.719 1189,333) 117,6141 Restricted funds SEMH Music Grant LAC Wellbeing National Lottery Grant Digital Devi$ 15,8831 18,1401 11,0051 24.3641 15,8831 18,1401 11,0051 10.560 34,924 34,924 39.392 TOTAL FUNDS 206.643 228.7251 22.D82 Comparatlves for movement In fvnd8 mov8ment in fund5 At 31.8.20 At1.9.19 Unr8Stricted funds General fund 261,793 18.7891 253,004 Restrlcted funds SEMH Music Grant LAC Wellbeing National Lottery Grant 15631 34.062 5,883 34,062 9,200 6,446 42,699 TOTAL FUNDS 266.239 33.910 302.149 ComparalNe nel movement in fvnd5, included in the above are as follows.. Incoming resources R6$0urces expended Movemgnl in funds Unrèstrlcted fvnds General fund 186.575 1195,3841 {8.7891 Restri¢t8d funds SEMH Music Grant LAC Wellbelng National Lottery Grant 6.458 49.980 9.200 17.0211 115,9181 15831 34,062 9,200 65,638 22.939 TOTAL FUNDS 252.213 218,303 33.910 Page 14 continued...
Collaborative Sehoo15 Ltd Notes to the Financial Statements - contlnued 21 16. MOVEMENT IN FUNDS- contlnuad A current year 12 months and prior year 12 months combin8d wsitson is as folbw5'. Net mov8mant in funds At 31.8.21 At1.9.19 Unrestricted fun(ts General hjnd 261.793 126,4031 235.390 R•strict•d fund5 SEMH Music Gr8nl LAC Wellbeing National Lottery Grant Digital Devi¥ 6.446 16.4461 25,g22 8.195 25.922 8,195 10.560 6,448 TOTAL FUNDS 268.239 11,828 280 067 A current year 12 months and prlor year 12 months comblned net movement in funds, included in the abov6 ar& as follows.. Incomlng resources R&sources expended Mov8rnent in fvJnd$ Unrestricted funds General fund 358,294 1384,6971 126,4031 Restricted funds SEMH Musi¢ Grant LAC Wellbeing National Lottery Grant DvJrtal Devices 6,458 49,980 9,200 34,924 {12,9041 124,0581 11,0051 24,364 16,4461 25.922 8,195 10.560 100 562 62.331 38,231 TOTAL FUNDS 458,856 447,028 11.828 SEMH Music Grant is Incom• In respect of support for teaching music for children with specialist learning difficullfjes. National Lottery funding is in respect of the enhancernent of local inclu8iJn forums. The LAC Wellbelng funding 1$ to womote the wellbelng of chlldren. Digital D8Ve8 fundiThJ is to make pupi15 literate in the ar88 of digitalisation with aim to enhane• collaboration. critical thinking, communicatron and ¢reativity. 17. EMPLOYEE BENEF OBLIGATIONS The charty is a member of the Wittshlre Pension Fund. The Scheme is a multi-emplgyer 8¢hem?. The charfty has not cnrnmis5iona(l an aeiuarial valuatlon report at the year end date and has therefore not ineluded the year end 8S8et and Ihe dlsclosure$ 1cesSary to aceount for the defined benefit penslon $chemÈ under the rormal reporbng standards. The chaiity has a triennial acbjarial valuation report as at 31 March 2019 and this showed that CollaboratNe Schools Ltd lund wa5 in Surplus by £18.000 and consequentW no liabirtty In respact of dèfick payments naeds to be recognised in the financial statements. The cost for the periLxJ was t12.87012020- £15.1581. There were no outstandiro or prepa¢d conln'butions at the balanca sheet date. Page 15 continued...
Collaboratlve School Ltd Notes to the Financtal Statements- ¢ontinued r the Year Ended 31 Au ust 2021 18. RELATED PARTY DISCLOSURES All of the members of Collaborative S¢l*)018 Lld arè head teachers of their r8sp8ctive schools. Services are provided to Ihe rnember schools in line wrfh Charitable activitk%s. 19. ULTIMATE CONTROLLING PARTY Th& Trustees conslderthat the charity is joindy gwnèd by the Trustees and there is no uttlmats ntrollIng party. Pag816
Collaborative Sch l L Detalled Statement of Flnanclal Actlvltles forthè Year End•d 31 Au ust 2021 2021 2W20 INCOME AND ENDOWMENTS Other tradlng aetfvitl•s Lttttings Income 135 795 In¥esth7ent Income Deposit account interest 31 1.107 Charitabl• activitie5 Income from 8chool¥ Grants Other income 172,010 34,424 43 234.116 16.195 206,477 250.311 T(*tal ineoming resources 206.643 252.213 EXPENDrruRE Charitable activitie8 Wages Social security Penslons Rates and water Light and heat Telaphone Postage and ststK)nery Svndries Actwity eosts Consultancy fees Comrnissioning Cleaning Repairs Marketing IT costs- Dlgital Dwce$ 72.079 1.549 12.870 473 1,400 1,680 72 146 47.016 2.29$ 46.569 1.488 2.206 14171 81,826 1,046 1S.158 637 1.400 1.680 1,008 612 38.027 2.580 55.726 821 2,691 145 213,884 203,357 Support co¥ts Flnance Bank charges Other Insurance Independent examine¢s fees Legal fees Other support costs Depre¢i8tion of long ka3ehold Depreciatirm of fixtures & fittSngs 1.854 3,000 1,833 2,758 13 6,934 3,300 101 6,674 3,300 14,939 Ttstri Msoure&s &Xnd•d 228 725 218303 N•t l•xpendltureVlneom• 22,0821 Thls page does not form part of the Slalutory financiaf stateThnt5 Page 17