**REGISTERED COMPANY NUMBER: 07976220 (England and Wales) REGISTERED CHARITY NUMBER: 1147521**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2023**
**for Collaborative Schools Ltd**
Monahans Chartered Accountants County Gate County Way Trowbridge Wiltshire BA14 7FJ
**Collaborative Schools Ltd**
**Contents of the Financial Statements for the Year Ended 31 August 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|15|
**Collaborative Schools Ltd (Registered number: 07976220)**
## **Report of the Trustees for the Year Ended 31 August 2023**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Objects and aims**
Statement of Purpose Shaping the future together by:
- Supporting schools to achieve their own and other's aims;
- Working in the interest of all pupils and families across Trowbridge;
- Fostering excellence through innovative practice.
## Objectives and aims
The charitable company's objects are to promote and advance the education of children, young people and their families within the wider Trowbridge community by;
- a) Supporting the development and maintenance of a sustainable, self-improving and progressive school system;
- b) Supporting positive personal achievements and outcomes;
- c) Reducing barriers to learning, enhancing health and well-being and raising aspirations;
- d) Promoting such other charitable purposes that may on occasion be determined.
In carrying out its objectives, the charitable company will promote equality of opportunity and oppose any form of discrimination on grounds of race, ethnic origin, gender, sexual orientation, age, disability or religion.
In order to achieve the above objects the charity aims to provide services, provide advocacy, advice and information and to act as a resource body for local schools and academies.
## **Objectives, strategies and activities**
The charity trustees confirm that they have had regard to the guidance issued by the charity commission on public benefit, and have followed this in planning and undertaking the activities.
In meeting its objectives, Collaborative Schools Limited provides its member schools with access to, engagement with, and development of a range of opportunities, some of which are captured below.
1. Continuing professional development (CPD) for school staff. Our CPD programme falls within the following categories:
- SEND, targeted support and inclusion
- Teaching and learning
- Leadership development
- Governor development
- Safeguarding and compliance
## Examples of some of the training provided included:
- Safeguarding with a focus on sexual harassment, violence and neglect
- Compliance promoting safety and health
- Positive handling
- Developing leadership tiers within education
- Supporting children with SEND
- Supervision for school staff working with the most vulnerable
- Mental health first aid training
- Emotional wellbeing and positive psychology
- Shaping inspirational TA practice
- Intensive reading support
- Coaching skills for middle leaders
- The leadership of reading with a key focus on the bottom 20%
- Opportunities for peer learning across leadership tiers
Page 1
**Collaborative Schools Ltd (Registered number: 07976220)**
## **Report of the Trustees for the Year Ended 31 August 2023**
## **OBJECTIVES AND ACTIVITIES**
## 2. Joint practice development (JPD) for school staff.
Examples of some of the professional learning communities currently operating: - English - Maths - Science - Humanities - Computing - Religious Education (RE) - Special educational needs and disabilities (SEND) - Early years - Welfare and parent engagement (parent support advisors) - Leadership and learning - Moderation - School business management - DT - Art
## 3. School Improvement
Our offer draws on the expertise of leaders from across CSL and other key partners.
This year our School Improvement is incorporated within a Leadership Programme which incorporates opportunities for different tiers of leadership.
Peer support and challenge underpin the sharing of excellence across our schools.
4. Targeted support and inclusion. Examples of some services and support structures currently operating: - The inclusion forum
- Family Theraplay and Theraplay in education (The Theraplay Institute) - Counselling - Educational psychology - Sensory occupational therapy - Parenting support - Art in health - The Harbour Programme supporting young children suffering with SEMH needs - Forest school - Supervision to staff working with the most vulnerable - Alternative curriculum opportunities
## 5. Activities to support pupil collaboration.
- Children and young people are at the heart of everything CSL does and we strive to make community cohesion real to them via a range of activities and opportunities: - Sports festivals and competitions - Trowbridge Youth Parliament - Town wide music festival
## **Public benefit**
The charity's principle source of funding is through subscriptions from member schools, external grants and lettings. The contributions from member schools has been set at £6.20 per capita.
Much of the activity and success in meeting the key objectives is linked to partnership working which benefits from the investment in co-ordination.
CSL continues to focus significant time and capacity into its future sustainability with exciting project work and a rising profile.
At the end of our seventh year of operation the budget stands at approximately £261k which will be rolled across to the next financial year.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Financial review**
The charity's total income was £224,947 (2022: £214,628) and total expenditure was £261,112 (2022: £232,873). The deficit for the year was £36,165 (2022: £18,605). The charity's assets are available and adequate to fulfil its obligations on a fund by fund basis.
Page 2
**Collaborative Schools Ltd (Registered number: 07976220)**
## **Report of the Trustees for the Year Ended 31 August 2023**
## **Policy on reserves**
The total balance of funds at 31 August 2023 was £225,297 (2021: £261,462). This includes restricted funds of £30,856 (2022: £37,054). The balance of unrestricted funds at 31 August 2023 was £194,441 (2022: £224,408). Of these unrestricted funds, free reserves (calculated as total unrestricted reserves, less designated funds and tangible fixed assets) was £61,829 (2022: £88,796). These funds are held to cover the ongoing costs of providing the charity's work.
The board of trustees considers that the state of the charity's affairs is satisfactory, and that the charitable company is well situated to carry on its objectives in the future.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Nature of governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## Recruitment and appointment of new trustees
The trustees are the headteachers/ executive headteachers/ principals of the 21 member schools.
Trustee status is assumed by the above positions in each school. There is a chair and vice chair appointed at an annual election. Trustees newly appointed to the charity are offered support by a mentoring and induction package.
## Organisational structure
The trustees delegate responsibility for strategic recommendations on the work of the charity to an operations group made up of the chair, vice chair and two other trustees. Operation group meetings are open for all trustees to attend. The operations group is directly supported by the senior employee and draws input as required from staff working on a consultancy basis and from partner organisations. Recommendations from this group are considered and agreed at full trustee meetings held 6 x per year. Delegated decision making processes are captured with the Governance and Scheme of Delegation document which is reviewed on an annual basis.
There is an annual general meeting at which trustees and governors from member schools are invited.
## **Arrangements for setting key management personnel remuneration**
The trustees consider that the comprise the senior employee is the key management personnel of the charity in charge of the directing and controlling of the charity and running and operating the charity on a day to day basis. The senior employee is closely supported by the trustees all of whom give of their time freely and no trustee remuneration was paid in the year. Details of trustee expenses and related party transactions are disclosed in note 9 and note 18 to the accounts.
Trustees are required to disclose all relevant interests and register them and in accordance with the charity's policy and withdraw from decisions where a conflict of interest arises.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07976220 (England and Wales)
## **Registered Charity number**
1147521
## **Registered office**
The Hub, The John of Gaunt School Wingfield Road Trowbridge Wiltshire BA14 9EH
Page 3
**Collaborative Schools Ltd (Registered number: 07976220)**
## **Report of the Trustees for the Year Ended 31 August 2023**
## **Trustees**
K Ash M Bartlett - resigned 31/12/21 L Bolton S Brown M Burr D Cook - appointed 01/09/22 P L Cook - resigned 01/09/2021 V Cottrell A Dowle - appointed 12/10/2022 J Farrell - resigned 07/02/2022 D Forster - resigned 01/09/22 S Garbutt J Hodge C Marshall A Pemberton - appointed 13/09/2021 E Powe B Rees - resigned 01/09/2021 B Rhodes - appointed 17/04/2023 L Rhodes - appointed 07/02/2022 T Sessions L Shellard - resigned 01/09/22 P Skipp - resigned 01/09/22 S Turley K Wilkins - resigned 01/09/2021 V Withers - appointed 14/09/2021
**Company Secretary** J L Bullock
## **Independent Examiner**
Monahans Chartered Accountants County Gate County Way Trowbridge Wiltshire BA14 7FJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by: 17 May 2024
........................................................................ J L Bullock - Secretary
Page 4
**Independent Examiner's Report to the Trustees of Collaborative Schools Ltd**
## **Independent examiner's report to the trustees of Collaborative Schools Ltd ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement - matters of concern identified**
I have completed my examination.
Evidence available to me was limited because information relating to Collaborative School Ltd's share of the assets and liabilities of the pension fund at the year end date was not obtained by the trustees. As a result, the adjustments and disclosures required by FRS 102 could not be incorporated into the accounts. Had information been available in respect of Collaborative School Ltd's share of the underlying assets and liabilities of the scheme, an asset would have been recognised on the face of the balance sheet along with a corresponding pension reserve within funds. The standard also requires the current service costs, interest on scheme liabilities and expected return on scheme assets for the period to be recognised in the statement of financial activities. Actuarial gains and losses in the period would have been disclosed in the statement of total recognised gains and losses. A triennial actuarial valuation as at 31 March 2019 showed that the fund was in surplus, details of the valuation are disclosed in note 17 to the accounts.
I confirm that no other matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; and
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
James Gare FCA DChA
Monahans Chartered Accountants County Gate County Way Trowbridge Wiltshire BA14 7FJ
Date: ............................................. 21 May 2024
Page 5
**Collaborative Schools Ltd**
## **Statement of Financial Activities for the Year Ended 31 August 2023**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
3
Promote and advance education
214,325
Investment income
2
524
**Total**
214,849
**EXPENDITURE ON**
**Charitable activities**
4
Promote and advance education
244,816
**NET INCOME/(EXPENDITURE)**
(29,967)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
As previously reported
237,613
Prior year adjustment
11
(13,205)
**As restated**
224,408
**TOTAL FUNDS CARRIED FORWARD**
194,441|Restricted
funds
£
10,098
-
10,098
16,296
(6,198)
23,849
13,205
37,054
30,856|2023
Total
funds
as
£
224,423
524
224,947
261,112
(36,165)
261,462
-
261,462
225,297|2022
Total
funds
restated
£
214,236
32
214,268
232,873
(18,605)
280,067
-
280,067
261,462|
|---|---|---|---|
The notes form part of these financial statements
Page 6
**Collaborative Schools Ltd (Registered number: 07976220)**
## **Balance Sheet 31 August 2023**
|Notes
**FIXED ASSETS**
Tangible assets
12
**CURRENT ASSETS**
Debtors
13
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
14
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2023
as
£
132,612
42,923
94,827
137,750
(45,065)
92,685
225,297
225,297
194,441
30,856
225,297|2022
restated
£
135,912
28,412
112,545
140,957
(15,407)
125,550
261,462
261,462
224,408
37,054
261,462|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 17 May 2024 ............................................. and were signed on its behalf by:
............................................. A Pemberton - Trustee
The notes form part of these financial statements
Page 7
**Collaborative Schools Ltd**
## **Notes to the Financial Statements for the Year Ended 31 August 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Collaborative Schools Ltd as a charitable company established in England and Wales. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company. The address of the registered office is given in the reference and administrative details on page 1 of these financial statements. The nature of the charitable company's operations and principal activities are described in the Report of the Trustees.
The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The functional currency of the charitable company, and the presentation currency of these financial statements is the pound sterling ("£").
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on straight line basis Fixtures and fittings - 33% on reducing balance
Long leasehold includes land which is not depreciated.
Assets with a value greater than £500 are included as capital assets.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 8
continued...
**Collaborative Schools Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **1. ACCOUNTING POLICIES - continued**
## **Pension costs**
The charity is a member of Wiltshire Pension Fund. The Scheme is a multi-employer scheme. The Scheme has previously been accounted for as if it were a defined contribution scheme on the grounds that trustees decided that it would be too expensive and of limited benefit to users of the financial statements to obtain the valuation of the charity's share of the scheme at the year end date. The trustees have therefore continued to account for the scheme on a defined contribution basis.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash at bank**
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Financial instruments**
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transition value and subsequently measured at their settlement value.
## **Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## **2. INVESTMENT INCOME**
|Unrestricted
funds
£
Deposit account interest
524
**INCOME FROM CHARITABLE ACTIVITIES**
Income from schools
Grants
Other income|Restricted
funds
£
-|2023
a
Total
funds
£
524
2023
a
Promote
and
advance
education
£
217,143
7,000
280
224,423|2022
s restated
Total
funds
£
32
2022
s restated
Total
activities
£
207,736
6,500
-
214,236|
|---|---|---|---|
## **3. INCOME FROM CHARITABLE ACTIVITIES**
Page 9
continued...
**Collaborative Schools Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **3. INCOME FROM CHARITABLE ACTIVITIES - continued**
Grants received, included in the above, are as follows:
|Other Schools
Wiltshire College
**4.**
**CHARITABLE ACTIVITIES COSTS**
Promote and advance education
**5.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Rates and water
Light and heat
Telephone
Postage and stationery
Sundries
Activity costs
Consultancy fees
Commissioning
Cleaning
Repairs
Other staff costs
Training costs
**6.**
**SUPPORT COSTS**
Promote and advance education
Support costs, included in the above, are as follows:
Bank charges
Insurance
Independent examiner's fees
Legal fees
Other support costs
Depreciation of tangible fixed assets|Direct
Costs (see
note 5)
£
243,445
Finance
£
32|2023
a
£
500
6,500
7,000
Support
costs (see
note 6)
£
17,667
2023
a
£
130,158
593
1,936
1,775
4,202
552
39,231
13,234
45,474
1,869
2,243
-
2,178
243,445
Other
£
17,635
2023
a
Promote
and
advance
education
£
32
2,638
4,644
-
7,053
3,300
17,667|2022
s restated
£
-
6,500
6,500
Totals
£
261,112
2022
s restated
£
123,955
508
1,435
1,715
700
217
39,666
2,330
43,857
1,523
1,873
115
8
217,902
Totals
£
17,667
2022
s restated
Total
activities
£
32
1,923
3,492
13
6,211
3,300
14,971|
|---|---|---|---|
|||||
Page 10
continued...
**Collaborative Schools Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **7. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||2023|2022|
|---|---|---|
|||as restated|
||£|£|
|Depreciation - owned assets|3,300|3,300|
|Independent examiner's remuneration|-|3,492|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **9. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2023
a
£
105,682
1,188
23,288
130,158|2022
s restated
£
103,631
959
19,365
123,955|
|---|---|---|
The average monthly number of employees during the year was as follows:
|Full time
Part time
Apprentices- part time|2023
as
1
1
4
6|2022
restated
1
1
4
6|
|---|---|---|
No employees received emoluments in excess of £60,000.
The key management personnel of the charity comprises the board of trustees and the secretary who are in charge of directing and controlling the charity and running and operating the charity on a day to day basis. The total amount of employee benefits received by key management personnel during the year was £47,392 (2022 - £59,579).
## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Promote and advance education
214,236
Investment income
32
**Total**
214,268
**EXPENDITURE ON**
**Charitable activities**
Promote and advance education
225,250|Restricted
funds
as
£
-
-
-
7,623|Total
funds
restated
£
214,236
32|
|---|---|---|
|||214,268|
|||232,873|
Page 11
continued...
**Collaborative Schools Ltd**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 August 2023**
## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|Unrestricted
funds
£
**NET INCOME/(EXPENDITURE)**
(10,982)
**RECONCILIATION OF FUNDS**
Total funds brought forward
235,390
**TOTAL FUNDS CARRIED FORWARD**
224,408|Restricted
funds
as
£
(7,623)
44,677
37,054|Total
funds
restated
£
(18,605)
280,067
261,462|
|---|---|---|
## **11. PRIOR YEAR ADJUSTMENT**
A prior year adjustment has been made for expenses incorrectly recognised in restricted funds being to moved to unrestricted. This has had no impact on the prior year net income or expenditure.
## **12. TANGIBLE FIXED ASSETS**
|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|
|||Fixtures||
||Long|and||
||leasehold|fittings|Totals|
||£|£|£|
|**COST**||||
|At 1 September 2022 and 31 August 2023|170,000|2,993|172,993|
|**DEPRECIATION**||||
|At 1 September 2022|34,088|2,993|37,081|
|Charge for year|3,300|-|3,300|
|At 31 August 2023|37,388|2,993|40,381|
|**NET BOOK VALUE**||||
|At 31 August 2023|132,612|-|132,612|
|At 31 August 2022|135,912|-|135,912|
Included in cost or valuation of land and buildings is freehold land of £5,000 (2022 - £5,000) which is not depreciated.
Leasehold land and buildings represents a long leasehold from The John of Gaunt School and is included at a deemed cost of £170,000 as determined by the trustees.
## **13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors
Prepayments and accrued income|2023
as
£
21,669
5,000
16,254
42,923|2022
restated
£
21,725
5,765
922
28,412|
|---|---|---|
Page 12
continued...
**Collaborative Schools Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|---|---|---|---|---|
|Trade creditors
Social security and other taxes
Accruals and deferred income
**Deferred income**||2023
a
£
36,379
5,085
3,601
45,065|s|2022
restated
£
7,922
4,185
3,300
15,407|
|||2023||2022|
|||£||£|
|Deferred Income at 1 September 2022||-||829|
|Resources deferred in the year||-||(829)|
|mounts released from previous years||-||-|
||||||
||||||
|Deferred Income at 31 August 2023||-||-|
||||||
Deferred income represents trading activities received during the year which relates to the following year.
## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Unrestricted
Restricted
funds
funds
£
£
Fixed assets
132,612
-
Current assets
106,894
30,856
Current liabilities
(45,065)
-
194,441
30,856
**MOVEMENT IN FUNDS**
Prior
year
At 1.9.22
adjustment
£
£
**Unrestricted funds**
General fund
237,613
(13,205)
**Restricted funds**
LAC Wellbeing
8,126
13,205
National Lottery Grant
6,979
-
Digital Devices
8,744
-
23,849
13,205
**TOTAL FUNDS**
261,462
-|2023
a
Total
funds
£
132,612
137,750
(45,065)
225,297
Net
movement
in funds
£
(29,967)
131
(3,555)
(2,774)
(6,198)
(36,165)|2022
s restated
Total
funds
£
135,912
140,957
(15,407)
261,462
At
31.8.23
£
194,441
21,462
3,424
5,970
30,856
225,297|
|---|---|---|
## **16. MOVEMENT IN FUNDS**
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continued...
**Collaborative Schools Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **16. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
LAC Wellbeing
National Lottery Grant
Digital Devices
**TOTAL FUNDS**
**Comparatives for movement in funds**|Incoming
resources
£
214,849
10,098
-
-
10,098
224,947|Resources
Movement
expended
in funds
£
£
(244,816)
(29,967)
(9,967)
131
(3,555)
(3,555)
(2,774)
(2,774)
(16,296)
(6,198)
(261,112)
(36,165)|Resources
Movement
expended
in funds
£
£
(244,816)
(29,967)
(9,967)
131
(3,555)
(3,555)
(2,774)
(2,774)
(16,296)
(6,198)
(261,112)
(36,165)|
|---|---|---|---|
||||(6,198)|
||||(36,165)|
|||||
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.9.21|in funds|31.8.22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|235,390|(10,982)|224,408|
|**Restricted funds**||||
|LAC Wellbeing|25,922|(4,591)|21,331|
|National Lottery Grant|8,195|(1,216)|6,979|
|Digital Devices|10,560|(1,816)|8,744|
||44,677|(7,623)|37,054|
|**TOTAL FUNDS**|280,067|(18,605)|261,462|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
LAC Wellbeing
National Lottery Grant
Digital Devices
**TOTAL FUNDS**|Incoming
resources
£
214,268
-
-
-
-
214,268|Resources
Movement
expended
in funds
£
£
(225,250)
(10,982)
(4,591)
(4,591)
(1,216)
(1,216)
(1,816)
(1,816)
(7,623)
(7,623)
(232,873)
(18,605)|Resources
Movement
expended
in funds
£
£
(225,250)
(10,982)
(4,591)
(4,591)
(1,216)
(1,216)
(1,816)
(1,816)
(7,623)
(7,623)
(232,873)
(18,605)|
|---|---|---|---|
||||(7,623)|
||||(18,605)|
SEMH Music Grant is income in respect of support for teaching music for children with specialist learning difficulties.
National Lottery funding is in respect of the enhancement of local inclusion forums.
The LAC Wellbeing funding is to promote the wellbeing of children.
Digital Devices funding is to make pupils literate in the area of digitalisation with aim to enhance collaboration, critical thinking, communication and creativity.
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continued...
**Collaborative Schools Ltd**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 August 2023**
## **17. EMPLOYEE BENEFIT OBLIGATIONS**
The charity is a member of the Wiltshire Pension Fund. The Scheme is a multi-employer scheme.
The charity has not commissioned an actuarial valuation report at the year end date and has therefore not included the year end asset and the disclosures necessary to account for the defined benefit pension scheme under the normal reporting standards.
The charity has a triennial actuarial valuation report as at 31 March 2019 and this showed that Collaborative Schools Ltd fund was in surplus by £18,000 and consequently no liability in respect of deficit payments needs to be recognised in the financial statements. The triennial actuarial valuation report as at 31 March 2022 was not available at the time these financial statements were signed.
The cost for the period was £23,288 (2022 - £19,365). There were no outstanding or prepaid contributions at the balance sheet date.
## **18. RELATED PARTY DISCLOSURES**
All of the members of Collaborative Schools Ltd are head teachers of their respective schools. Services are provided to the member schools in line with charitable activities.
## **19. ULTIMATE CONTROLLING PARTY**
The Trustees consider that the charity is jointly owned by the Trustees and there is no ultimate controlling party.
Page 15