Registeved charity number 1163326 Company rtyistered number 9321497 Trinity School Trust FinancSal Statements for the year ended 31st July 2023 Trinity School Trust Financial Ststements Year Ended 31 Juty 2023 Contents Pages Directorp Report 1to6 Independént Examinels Report to the Tnjstees Statement of Financial ActNrties Balance Sheel Notes lo the Financial Statements IOto13 Trinity School Trust Trustees Annusl Report Year Ended 31 Juty 2023 The tn]stees present their report and the unaudited financi81 statements of the charity for the year ended 31 July 2023. Reference and Administrattye Details Registered ChArity Name Trinity School "I"rust Charity Registrntion Number 1163326 Principal Office Birbeek Street Sialvbridge Cheshire SK15 ISH The Trnstees The trustees who serycd the comFony during ihe period were as follows: Andrew Chadwick (resigned July 2023). Gareth Cottr¢ll (appointed as Chair ot Governors July ?023), Sam Deakin. John Grantham. Kitsty Goslin8 {resi￿ed May 2023). Haylcy Boswell (resigned Ma 2023). New Cjovernors joined as observers and were appointed when relevant checks carried out.. Rachael (ire8son (appointed January ?023), Gill Jump (appointed January 2023). Secretary (Chalr of Clovernorg) Gareth Cottrell Independent Examiner J A Simpson & Co Ltd (Accountsnts) 48 Bredbury Grttn Roiniley Stockpjrt Banker8 The Royal Bank of Scotland I Corporation Street Hyde Cheshire SK14 IAQ Trinity School Trnst Trustees Annual Report Year Ended 31 .July 2023 Structure. Governanee Management l. l Governors New governors are drnwn from t*ople having regard to the needs of the Charity in a¢wrdance with the Governor Policy. Written wylicies and procedures are in place covering provision of infomiatioii to potential new governors, the interview process and appointment of successful candidates_ Newly appoiiil¢d g7overnors are monitored by an existing governor. They serve 8 probalionari. period of oiie academic term. after which their posilion is reviewed. All r¢l¢vant eligibility and sateguarding checks are wried out in advance of apF¥)intments. 1.2 The Organisational Structure Governors Head Teacher (Chief O￿lter) Senior l.eadership Team (Incliiding Head Teacher) l ? l The Head Teacher and Assistant Head Teacher nornially attend all governor meelingq. Staff representatives from the Sl.T may ￿ invited io attend governors me¢lings bul do not have votiiig rights. A slaff member is also iiiviled lo attend as-siaff rcpresentativc" and sh8re anj" ideas and cnncen)s that 8t&ff may have. Whilst ihe Governorq share a very p)sitive relationship wilh the st31Y, it is importanl thal statT ¢oncerns are acknowledged and listened to. 1.3 M8iiagJement 1.3.1 In general tem]s. decisions are made in accordance with the followin8 levels of resw)nsibility'. (a) CJovernors Policy. stralegy. finance (incliiding investments and disposals), legal and regulatory requiffinents and spiritual direction. (b) Cjnvernors. Head Teacher and Assislant Head Teacher Recruitment and selectton of staff. slaff disciplinary and griev8nce matters. budgetary and planning issiies (including statTing levels). admission of stud¢nts, student discipline. (c) Leadership team (Head Teacher and SLT) Da) to day management of the School including C￿￿[CUlum, timetable, examinaiion applications and requirewnents. student management and welfare. C"ommitment of school fiind5 UP to agreed limits. 1.4 Risk Management 1.4.1 The major risks to which the Charity is exposed. identified by the governors, have been reviewed. Appropriat¢ measures have been tsken to manage those risks outlined below.. (a) Andrew Chadwick. Gareth Cottrell. Sam Deakin and John Grnntham continue as Governors. A recruitment initiative has iKen launched with new Governors taking an observerladvisor)i role fomially coming on board as Governors when paperwork and checks are carried out. They bring expertise from education. from industy. from civil service and charity leadership and forni the core of a strong team. Additional Governors will be recruited duriiig 2022123 to strengthen the team as Andrew Chadwick. Hayley Boswell and Kirsty Gosling slep down at the end of their periods of office. (b) As ever with a small school. the biggest challeiige is to ensure recruilnienl ofnew students to replace those who leave. Recruitrnent will remain a major focus. Marketiiig coiilinues to be a key focus us. wilh a strong emphasis on building links with ￿h0o15, nurseries, community groups and liuwhes. (¢) Trustees and Governors continue to recognise the challcn8e to be etricient and effective in compliance 8nd decision making whilst endeavourirtg to embrace the"'family feel" of the school. When w)ssible, we plan lo hold events to engage th¢ wider school ¢oi?Iinunity such a$= Family infornlation m¢¢lings to include seminars on lopi¢al educalioiial issues (e.g. kecpinbl Lliildren safe ()n the inlernel, Ihe future of public exams). and Tennly work days as 'Family Action Mornings. with clearly-led m8intenAnce ieams ftnd a slrong f￿lIS on working togeiher wilh regular refreshincnts so Ihat fatnilies can gel to know each other. Fund raising events such as the Christmas and Summer Fairs. These seek io engagc parents and families in rnising funds for school resources and special projccts. Objectlves and Aclivities 2.1 The purpose of the Charity is to run an independent non-profit making school based oli Christia]i principles witli Christian cducalion at its core. 2.2 The aim is the developmeni of the whole person through a general education in ihe best and widest sense with a wide choice of intcrest and activity and an appreciation of spiritual valucs. The presenl&tion of the Chrislian faith. both by exemple and teaching, is to be fjn essenlial part of the life of Ihe schi)ol. 2.3 The significant activities continue to be focussed on th¢ aim sta￿d in parB 2.2 al)ove. 2.4 Other activities include: (A) Refiirbiqhment and repairs of curreni buildings and updaling electrical And heating systems. Ib) The PCJTA (Parent Govemor Teacher Association) continues to gain moinentum and is focusing on rdising funds through events to raise awllrene5s of the school, to help 4UPPOrt tlie charitable aims of th¢ seh(K)l and to raise funds lo pu￿has¢ of new equipment for tlic %chool. {c) Financial priKesses and controls are reviewed anhually and additional procedLire5 itnplemeiited ,here r¢levant. Regular financial repK>rts are presented to the trustees to give them up to date rigurcs. 2.5 A niimber of volunteers offer their time and etrortS to the trust. Thc rol¢% that the voluntee undertake includc- Listening to children read, fundraising. and gcneral iiiaiiiteilance. 2.6 In line with its public benefii responsibilities. the Trust has Ixen looking for ways - as well &s througyh its core business of ediication - to supwrt ihe local communit),. This has inLluded occasional hire of its buildinos at a concessionary fate. It also seeks to make places available to fatnilies with low in¢omes ihroiigh heavily subsidi8ed fee amngements. We have also accepted Ukrainian rcfugee pupils with a l 00% bursary lo enable those fleeing from iyar to access high quality Christian education. 2.7 This year we have been in communication with Estatr A(Jents and potential developers in order to sell the Quarry Street car park to fund a repla¢emeDI Priniarj. SchcN)I building. Discussioiis and teasibility plans are ongoin8. School Performance and improvement 3.1 At our last inspection in February 2020, carried out bv the Independeni Schools Inspeetorate. all RegLilaiory Compliance standards We￿ Inet and all areas in the Educational Qlialily ii)speLlion were awarded eithcr '(iood'" or "F.xcell¢nt" grndes. This clearly demonslrated the hard work put ii) by the school statt. Senior Ixadership Team and Governors to provide an education experience wliere every child Can thrive achieve their God given potential. The Senior Leadership Team have been tracking pupil attainment and continuing to Inoiiitor leaching and ILarning opportuniti¢s lo ensure that standards rem&in high And to continue to build on the succL'ss of the last inspection. Furthemiore, there is a robust school development plan in place to coi)tinue to mak¢ iinpiDvcm¢nt5 and ensure that giiidan¢e fmm ihe18st inspection is pul in to practise. 3.2 In the year ending 31 Jlily 2023. the GCSE results showed good PrOg￿5S achiev￿. The resiilts relleLled the liard work by teachers and sludenls alike. Siudents went on lo study a range of courses at local Sixth Forni and FE colleges. 3.3 As pandemic restrictions have eased. Open Evenings and in-person Parent Evenings have r￿Umed. Wc contii)Iie io havc a go(xl number of new student opplications. 3.4 Staff undertake regular eonlinuing professional developinent training sessions both in school and onliiie al oihcr partner organisations including the local authority. ISA 81)d CST. Financial Review 4.1 There are su￿1¢1¢nI funds to off5el contingcn¢ies, as outlined in the ￿serVeS wJli¢y (CC19). 4.2 The reserves are to cover contingencies such as= (A) unpaid fees (b) unexpected maintenance cn8ts 4.3 the fixed assets of the trust are conside￿d 5uITicieiil pmvision for redundancy and other costs to enablc the trust to close down in a responsible Manner ifthis should become necessary. 4.4 There have been a number of families who have suffered hardship, redundancy and reduced income. Tlie scl)ool has liai5cd directly wilh families to ensure that SUPIXIN is provided io reduce fees Aiid iiiake payinetkt plans available io families in arrears. Nevcrthel¢s& where individlials ai)d lamilies do not work closely with the school to fonnulate repaymenl plaii& the Governors have agreed that a third party organisalion ivill be iised to recover the debt. The appointment of a dedicated debt recovery organisalion will safeguardcd the School from qignificant fulure losse5. Plans for Future Periods 5.1 To create and implement a new strdtegy lo market the school and in¢r¢2se pupil numbers. S ? A review of the existing m(xlular buildings with a view to rylacelmoderni5e our facilities. 5.3 Broadening the education on offer at Trinity to include more educational visits post pandemic restrictions. 5.4 A continued push to get more peopl¢ en8ag¢d with the wider life of the School through die PGTA and to serve on the governing body. Trinity Sehool Trust Trustees ADDual Report Yegr Ended 31 July 2023 Respollslbilities of the Trustees The charitv's trustees are responsible frir preparing the Tnistees Annual Report and ihe tii)ancial siatemeiits iii accoi'dance ivitli applicable law and Uiiit¢d Kiffodoin Accolinting Staiidlli'ds (Ui)iled Kingdom Generally A¢cepted AG¢oLinting Practice). The law appl[￿ble to chai-ities in EngI￿ld and Wales requires Il)e tnistees to prepai'e tiiiancial statLment5 tor ¢4ch flnaiicial year which give a tnje Rnd fair view of the untin8 slandards liave been follnived, subject to Aiiy Inatej'iftl departures disclosed and explained in the fsnancial sts*iiienls, PlfPAre the finaneinl stgtemeiits on tho 80in¥ Lr*nceni bogis unless it is iilAPl)LX)priaie lo pitSLII?IQ tliat the charity will conliniie in 0￿￿110￿. iL' IfLlStc¢s orc respoiisiblc for kocpinb propcr acenunting rccords Ihal diselo%e wilh reasoiiable llLLIII'IIL)i itt ilme tliu fiiiJnci&l i)osition (If tlie ¢1i8rily aiid eiiahle theiii tn ell.￿li1.e tli#l Ilie liiiaiiLlal stRiemeiits cninpl>' ii'ith the Charitics Act ?0 I I nrld tlie Chai'ity (Accoiints and Roportsl Rcgiilaiioiis ?008 The trii8lee.s are alqn resp()n.8ihle for s8fegiinrding the &g8ei8 of the cl)Arity and henLe r(71. IHkiii I'et)S()i)al)le sleps for tlie pir￿entiOn clnd detection of fraiid and other irregulaiilies. Indopendent F,x&miner John .8tlllPSOll .1 A Siiiip.bOlI & C.0 Accniintants Appointcil as indcpendenl e.xaminer for Ihe ensuing year. SiL7ned on belialf of the Iriistees. Mi. ti Lottrell Cliaii. of TrLlStees nd Chai Governors Date . 12112123 INDEPENDENT EXAMINER'S REPORT TO THE MEM8ERS OF TRINITY SCHOOL TRUST I rep)rt on the accounts of the company limited by guarantee for the year ended 31 July 2023. which are set out on pages 8 to 13. These accounts have been prepared in accordance with the FRS 102, under the historical cost conventt.on and the accounting wlicies sel out therein. Respective responsibilities of directors and examiner As described in the Ststement of Directors. Resp)nsibililies the company's directors (who are also the trustees) are responsible for the preparat￿n of the accounts In accordance wbth applicable law and United Kingdom AccoLtnting Standards. You consider that the audit requirement of s144121 of the Charities Act 2011 (the Act) does not apply and that an Independent examination is needed. l am qualified to undertake the examinatson by being a qualified member of the Inslrtute of Chartered A¢¢ounlants in England and Wales. Having satisfied myself that the charty Is not subject to audit under company W and is eligible for Independent examination, il is my responsibility io". examine the accounts under section 145 of the 2011 Act.. to follow the procedures laid down in the geneRI Directs'ons given by the Charity Commission under section 145151{b) of the 2011 Acl. and to stste whether partscular matters have corne to my attention. Basls of the Independent examlnetrs roport My examination was carried out In a￿OrdanCe Imih the general Direcb'ons given by the Charrty Commissioners An examinabon includes a review of the accountsng records kept by the charity and a companson of the accounts presented wlh those records 11 also Includes considerabon of any unusual items or disclosures In the accounts and the seeking of explanatsons from you as trustees conceming any such matters. The procedu￿5 undertaken do not provide all the evidence that would be required In an audit and. consequently no opinion is given as lo whelhér the accounts present a "true and fair view, and the ￿POrt Is limited to Ihose matters set out below Independent examIne￿8 8latement In connection wrth my examinat￿n, no matter has come to my attenb'on.. Which gives me reasonable cause to belwe Ihat, in any material ￿spect. the requirements". to keep 8¢counts"ng records in accordance wth s 386 of the Companies Acl 201K,' and to prepare accounts which accord with the accounting records and compty with the accounting reqltirements of S 396 of the Companies Acl 20C6 and wrth the methods and pnnciples of the Statement of Recommended Practice. Accounting and Reporting by Charrties have not bèen mel or To which, in my opinion. attent￿n should be drawn in oftler to enabSe a proper understanding of Ihe a￿OUnts to be reached. John A Simpson Chartered Accountant 48 Bredbury Green Romiley Stockport S-tr.- Date 1¢ l.. Jts Trinity School Trust Slatemgnt of Financial Activities for the Year to 31 July 2023 Unrestsicted Restricted fund fund 2023 2023 Year endgd 31.07.22 Year ended 31.07.23 Note5 Incoming resources Voluntary income 17.465 17.465 36,519 ActNities for generatin9 funds 375 375 686 Investment income 2,622 2,622 278 Incoming from charitable aclm'ties 423.423 423,423 394,684 Other income 17.436 17,436 18,243 Total incoming rwJources 461.321 461.321 450,410 Re8our¢o8 8xpendod Charitable actNrties 472.381 1.382 473,763 435,806 Govemance costs 2.200 2,200 2,000 Total resources expended 718 474,581 1.382 475,963 437,806 Not IncomlTrglloutgolng) r8•ourco8 113,2601 11,3821 {14.642) 12,604 Roconclllatlon of Funds Totsl funds brought for4Vdrd 785,539 74.177 859.716 847.112 Transfer 17 4,550 14,5501 Total funds carried forward 776,829 68,245 845.074 859,716 The Ststemenl of Financial Activrt￿S includes all gains and losses in the year and therefore a statement of total recojnisable gains and losses has not been prepared All Ihe above amounts relate to conbnuing ath.vths Trinity School TTUSt Balance Shoot as at 31 Juty 2023 Fixed assets- Notes 2023 2023 Uorestrfcted Restrlcted 730.055 39,261 2023 2022 Totsl Total 769,316 759,733 Tangible assets 11 Curt9nt assets". Debtors Cash at bank and in hand 12 9,095 56,595 9,095 14.002 85,579 101,552 28.984 Total Current assets 65.6 28.984 94,674 11 5,554 Liabllltle$ Creditors Amount$ falling due wrthin one year 13 18,916 18,916 15.571 Net curr6nt as88ts or Ilablliti96 46.774 28.984 75,758 99,983 Totsl as88t818S8 current liabllEtle8 776,829 68,245 845,074 859.716 Th• funds of tha chaTIty: R881ricted Income funds Unreslncled Income fvnds Rèvaluation reserve 14 74 68,245 68,245 74,177 194,724 203.4&1 582,105 582,105 194.724 582.105 14 776,829 68,245 845.074 859.716 For the year ended 31 st July 2023 the Company was entrtled to exefflpt￿n from audit under section 477 of the Companies A¢1 2006 relabng lo small companies Directors, responsibilibes the members have not required the company to obtaift an audrt ol rts accounts for the year In questson in accordance wrth section 476 the directors acknowl8dge their responsibilittes for comp￿"n9 with the requirements of the Act with respect lo the account5ng records and preparation of accounts these a¢¢ounts have been Pfepared In accordance wsth the provIs￿nS applicable to companies subject to the small companies regime Approved by the directors and s￿ned on the date below on their behalf by ottrell Director Signatu Date Trinity School Trust Note5 to the A¢counts for the Year to 31 Juty 2023 1 Accountlng pollcies Basi$ of Accounting The financial statemenls have been prepared under the historical cost conventson and in accordan￿ with FRS 102 and the Chantses Act 2011. Flxtd Asset8 All fixed assets are initialty recorded at cost. Dfrpreclatlon Depreciation is calculated so as lo wnte off the cost of an asset, less its estimated fesidual value, over the useful econom￿ lrfe of that asset as foll¢yWS' Ffeehold Land & Buiklings No longer depreciated as market value ￿ maintained Furniture & Equipment Fully written down Computer Equipment Fulty wrrtten down Motor VehiC￿S Fully written down Portacabins Straight line over thirty years. Note that the p)rtakabin was purchased out of restnct8d funds The"restncted expenditure" is the depreciation on the portacabin. 2 Voluntary Income unrost￿¢t8d Funds Total Funds 2023 Total Funds 2022 Donations Income Tax Recoverablé 17,134 331 17,134 331 29,934 6,585 36,519 17,465 17,465 3 Incomlng Resources from A¢tivili•s for Generating Funds Unrestricted Funds Total Funds 2023 Total Fund$ 2022 Sales 375 375 686 10 Trinity School Trust Notes to the Accounts for the Y•ar ¢0 31 Juty 20¥3 2022 4 Investment Incom• 88nk Intsrest recesvabl• 2.622 278 S Incoming Ro$oUr￿$ Irc#n cho1itabK8 ActNi F80$ Receniab Nur$8ry Gr8nts Trip Receipts )412 28.391 4.620 S.412 28.391 4.620 365.205 26.195 3.284 423.423 423.423 394.684 6 Othol Incomlng Resourc 2023 2022 Oth•r incomg 17,438 18,243 7 Co•ts of Chadtsblo AetIvI￿•S ty Fund Typ• Teaching and Support Costs M•Th•gem•nt & Admin$8tr8ltyJn C￿1$ 418.754 $5.827 418.754 57,209 342.416 56,838 1.382 8 C05ti of Charrtobk Acii¥d*8 by Tyy• Managemnt Tot•1 2023 Total 2022 TeachiThJ. 8UPWrt adrnknkntralm cos18 2*.748 122.C 57.209 475 963 9 Go¥ernan¢e Cosls Unr85trthd 2023 2022 Extemal lThknnd•Nt Ex*nin8t￿Tr F•0• 2,200 Trinlty School Trust Notes to the Financial Ststements Year Ended 31 Juty 2023 10 Stsff Costs and Emoluments Totsl staff costs were as follow8: 2023 2022 Wages and salaries Soc1al security Costs 354,695 15,561 370,256 323,913 13,100 337,013 Particulars of employ The average number of empbyees dunry the year was as follo￿.. 2023 No 2022 No Average monthly number of 8mpbyees during the year was No employees recewed ￿munera￿.On of rnore than £60,CNXI dunng the year. 11 Tanglble Flxed Assets 25 24 Freehold Portakabin Fumilure & Computers Prop8rty Equipment Motor Vehicles Total Cost At 181 August 2022 Additron5 Disposals At 31st July 2023 762.751 30,501 10.*5 16.939 21.311 2.500 834,OQ 10,965 762,751 41,466 16,939 21.311 2,500 844,967 Depreciation At 1 sl August 2022 Charge for the period On disposals At 31st July 2023 32.696 823 1,382 16,939 21,311 2,500 74,269 1,382 32,696 2,205 16.939 21.311 2,500 75,651 Net book value At 31 st July 2023 730.055 39.261 769,316 At 31st July 2022 730,055 29,678 759,733 12 Trinity School Trust Notes to tho Financtal Statements Year Ended 31 July 2023 12 Debtors 2023 2022 Trade debtors Gift Aid Recoverabl8 Prepayments 3,392 330 5,373 9.095 8,611 330 S.CE1 14.002 13 Crodltor8: Amounts falling du• wlthin one year 2023 2022 Trade ¢￿dItorS Accruals 9,088 9,828 7,878 7,693 18.916 15.S71 14 Accumylated Funds Balance at 31st Juty 2022 Incomingl {Outgoingl Resources Transfef 8alance at 31stJuly 2023 2023 Unrestncted general fvnds Restrict6d funds 203,434 74.177 277,611 582.105 859,716 {13,260) 11.382 114.6421 4.550 194.724 4,550 68,245 262,969 582,105 845,074 Revaluabon fijnds 14,642 15 R•l•tod Party Trnnsactlons The trustees did not rec8iV8 any ￿MuneratiOn and neither they receive any payment for expenses. 16 Contingent Liabillty In the event of the school having to close, closure costs have been calculated would be appToximately £110.000. 17 Transfèr The transfer from restricted to unrestricted was due lo funds spent on building planning in a previous year not caprtalised as building did not go ahead. 13 Chantabb ArANrtres Year ended 31107rd3 Managernent 8￿fj Adm￿￿tratiOn Year ended 31107122 Teachin Support Staff costs 264.957 60,161 45.138 370.256 337.013 Ins dion costs 3.382 3,104 Teaching rnsterials and minor equi rrent 5,325 5,325 7588 Exarninatio# fees and 1&81in 6,695 6.695 6.736 cU￿1CulUrn devek) m8nt & pro 581 581 100 Tri s arKI trav81 9.635 9,63S 5.319 Partk85. rrL05 and ffts 567 567 1.122 Insuranch 8.150 8.150 6.616 Water 3,950 6.928 6,928 2.955 ElectKil 5.476 5.476 4.901 Cleanin and was1• dis 7.074 7.074 8,949 Re •ir• and renewa 18.483 16.483 18.049 Securit 1.370 1.370 1,577 reckqtbn 1.382 1.382 823 Com uiei su rt and sofva 4.867 4.667 Sutrscrl tions. lic*nc¢s afid contracts 7.482 7,482 8.183 i•r168sln and maintenance 3.736 3,738 3,921 Sund tsx nses 2.957 2.957 6.551 Pnniin osta e and station• 1,870 1.870 1.219 T818 hon• 1.637 1.637 1,361 Le al and rol•ssbnal ex en3aS 3.074 3,074 1.336 Accountsfi 2.200 2.200 2.C¥)O 88nk ch8 821 816 M8Tketi and ad¥*rtBI 2.411 2.411 160 08dica18dld•S' naied ex 657 Totals 296.748 122. 57.209 475.963 437.806