2023-08-31-accounts - Withington Girls' School

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GOVERNORS, OFFICERS AND ADVISERS
ANNUAL REPORT OF THE GOVERNORS
STATEMENT OF GOVERNORS' RESPONSIBILITIES	16
AUDITOR'S REPORT	17
STATEMENT OF FINANCIAL ACTIVITIES	21
BALANCE SHEET	22
CASH FLOW STATEMENT	23
NOTES TO THE FINANCIAL STATEMENTS	24

Registered	address	Wellington Road	Wellington Road
		Fallowfield
		Manchester
		M14 6BL
Website		www. wgs.org
ADVISERS:
Auditor		Crowe U.K. LLP
		3"Floor, The	Lexicon
		Mount Street
		MANCHESTER
		M2 5NT
Bankers
		National Westminster			Bank Pic
		669Wilmslow	Road
		Didsbury
		MANCHESTER
		M20 6NW
		Lloyds Bank
		223 Finney Lane
		Heald Green
		Cheshire
		SK83PY
Insurance	Brokers	REICH Insurance		Brokers
		Medal House
		197Chapel Street
		MANCHESTER
		M3 SEQ
Solicitors		Veale Wasbrough		Vizards
		Orchard Court
		Orchard Lane
		BRISTOL
		BS15WS

						2023	2022
						Unrestricted	Unrestricted
						Funds	Funds
				Notes		E	F
INCOME
Donations
	Capital Donations for Dining Room Extension						1,154,897
	Donation from WGS Trust		for Bursaries			735,315	712,384
	Other Donations for Bursaries					141,012	135,000
	Other Donations					21,756	25,576
					2	898,083	2,027,857
Income	from Charitable Activities
	Tuition Fees Receivable					8,540,951	8,196,092
	School Meals					591,211	562,721
Income	from Other Trading Activities
	Other Income				3	126,390	113,163
	Investment Income					23,378	752
	Total Income					10,180,013	10,900,585
EXPENDITURE
	Cost of Raising Funds				4	118,438	90,816
	Expenditure on Charitable		Activities		5	9,901,680	9,419,702
	Contributions to WGS Trust					426,691	411,739
	Total Expenditure					10,446,809	9,922,257
Net income and Net Movement		of	Funds			(266,796)	978,328
Actuarial	Gain on CARE Pension Scheme				15	5,741	21,408
Net movement in funds						(261,055)	999,736
RECONCILIATION OF FUNDS
TOTAL	FUNDS BROUGHT FORWARD			11	14,968,510		13,968,774
TOTAL	FUNDS CARRIED FORWARD			11	14,707,455		14,968,510

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				2023	2022
Reconciliation ofnet movement	in	funds	to net cash
flow from operating activity
Net movement in funds				(261,055)	999,736
Add back depreciation charge				635,592	657,394
Deduct interest income shown in investing			activities	(23,378)	(752)
Decrease in debtors				380,750	(325,221)
(Decrease) in creditors				(134,956)	(66,806)
(Decrease) in pension liability				(45,169)	(66,274)
Net cash flow from operating activities				551,784	1,198,077
Cash flows from investing activities
Interest income				23,378	752
Purchase oftangible fixed assets				(87,815)	(1,802,201)
Cash used in investing activities				64,437	1,801,449
Reconciliation ofnet cash/debt
Increase in cash and cash equivalents		in the year		487,347	(603,372)
Cash and cash equivalents at the	beginning		ofthe year	1,362,222	1,965,594
Total cash and cash equivalents	at	the end ofthe		1,849,569	1,362,222
year

					2023	2022
					(8)	(8)
	Donations for	Bursaries			735,315	712,384
	(WGS Trust)
	Other Donations for				141,012	135,000
	Bursaries
	PTA Donation					10,000
	Ad Lucem Fund				15,356	15,576
	Capital Contribution		for			154,897
	Catering Equipment
	Capital Grant	from WGS				1,000,000
	Trust for the Dining		Room
	Extension
	Other Donations				6,400
					898,083	2,027,857
3.OTHER	INCOME
					2023	2022
					(8)	(8)
	Entrance Examination			Fees	21,658	23,449
	Miscellaneous	Income			104,732	89,714
					126,390	113,163

		2023	2022
Salaries		68,631	56,015
Pension Costs		6,358	5,952
Social Security	Costs	6,672	6,118
Total Staff Costs		81,661	68,085
Other fundraising			7,974
expenditure
Administration	expenditure	36,777	14,757
Total Costs		118,438	90,816

	2023	2022
	(6)	(6)
Teaching Costs
Teachers' Salaries	3,584,617	3,380,697
Pension Costs	795,112	784,700
Social Security Costs	384,504	377,802
	4,764,233	4,543,198

			2023	2022
			IE)
Support Costs
Wages and Salaries			1,754,936	1,734,300
Pension Costs			156,027	153,421
Social Security	Costs		145,942	133,578
Apprenticeship	Levy		10,340	8,972
Supplies Equipment		and	911,731	863,429
Tools
Miscellaneous			474,731	339,719
Expenses
Administration			200,615	173,699
Expenses
Operating Lease			9,161	9,161
Payments
Professional Fees			98,388	99,764
Interest and Charges		for	20,953	9,431
CARE Pension	Scheme
Insurance			83,162	81,920
Erasmus Expenditure				599
			3,865,986	3,607,993

Premises Costs	Premises Costs
					2023	2022
	Repairs, Maintenance,			and	113,652	95,083
	Replacement	of Buildings
	Repairs, Maintenance			and	25,089	28,157
	Replacement	of Fixtures and Fittings
	Minor building	Works			41,945	107,117
	Depreciation				635,593	657,394
	Maintenance	ofGrounds			29,144	24,151
	Utilities				351,336	285,749
	Covid 19Additional		costs			7,524
	Rates				35,776	16,287
	CCTV				7,516	12,819
					1,240,051	1,234,281
Governance	Costs
					2023	2022
					(K)	(8)
	Audit fee				16,645	14,490
	Legal and associated		costs		14,765	19,740
	Total costs				31,410	34,230
TOTAL EXPENDITURE ON
CHARITABLE ACTIVITIES					2023	2022
					(K)	(8)
					9,901,680	9,419,702

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	2023	2022
f60,000 to 870,000
F70,000to580,000
680,000toF90,000
F110,000to6120,000
F120,000 to F130,000

==> picture [347 x 263] intentionally omitted <==

		2023	2022
		(8)	(K)
Fees Owing from Parents		16,057	31,052
Sundry	Debtors	17,170	12,163
Amount	Due from WGS Trust	2,450	392,640
Prepayments		108,374	88,946
		144,051	524,801

			2023	2022
			(6)	(8)
	Tuition fees		638,023	654,787
	Tax and	Social Security	136,539	319,710
	Capital Accruals		60,000	104,415
	Other Accruals		467,715	358,321
			1,302,277	1,437,233
10.PENSION	LIABILTY
			2023	2022
			(6)	(8)
	Pension	Liability	191,104	236,273

11.ACCUMULATED	FUNDS
				2023	2022
				(E)	(8)
Unrestricted	Undesignated		Funds
As at 1 September 2022				14,968,510	13,918,716
Surplus/(Deficit) for the year				(261,055)	999,736
Less transfer	to Designated	Fund
Plus transfer	from Designated		Fund		50,058
				14,707,455	14,968,510
Unrestricted	Designated	Funds
As 1 September 2022					50,058
Plus transfer	from General	Fund
Less transfer	to General Fund				(50,058)
At 31 August	2023
Total Funds
As at 1 September 2022				14,968,510	13,968,774
Surplus/(Deficit) for the year				(261,055)	999,736
At 31"August	2023			14,707,455	14,968,510
The reserves shown 7).Free reserves are	above include f500,239as	those which have financed Fixed Assets (as shown at 31 August 2023(2022:E213,517).			in Note

RESENT	VALUE	OF PR	OVISION
			31"August 2023 f000's	31"August 2022 f000's	31"August 2021 f000's
Present	Value	of	191	236	303
Provision

ECONCILIATION	OF OPE	NING		AND C		OS	ING PROVISIO	NS	NS
								31stAugust		31"August
									2023	2022
								(f000's)		(f000's)
Provision at the start of period									236	302
Unwinding ofthe	discount factor			(interest		expense)			g	2
Deficit contribution	paid								(49)	(47)
Remeasurements	—impact	ofany change				in	assumption		5	21
Provision at end ofperiod									191	236
NCOME AND EXPNDITURE IMPACT
								31st	August	31"
									2023	August
										2022
								(F000's)		(f000's)
Interest expense									9	2
Remsasurements	—impact	ofany change				in	assumptions		(5)	(21)
Remeasurements	—amendments			to the contribution					0	0
schedule
Contributions paid	in respect of		future service
Contributions recognized		in	income		and		expenditure
account

		31"August 2023	31'August 2022	31"August 2021
		er annum	r annum	er annum
Rate	ofdiscount	6.03	4.45	0.9

						2023	2022
Financial	assets measured	at	amortised	cost (a)		1,993,620	1,887,023
Financial	liabilities measured		at amortised		cost (b)	(527,715)	(462,736)
Net financial assets measured			at amortised		cost	1,465,905	1,424,287

		2023	2022
		E	E
Plant and	Equipment
Less than	1 year	9,161	9,161
Between	2 and 5years	0	9,161
Over 5years		0	0
		9,161	18,322