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