2022-08-31-accounts

Contents				Page
Reference and Administrative Details
Trustees' Report
Statement of	Trustees' Responsibilities
Independent	Auditor's Report on the Financial		Statements
Statement of	Financial Activities
incorporating	Income & Expenditure	Account		10
Balance Sheet
Statement of	Cash Flows
Notes forming	part of the Financial Statements,		incorporating:
Statement ofAccounting Policies
Other Notes	to the Financial Statements

Trustees	Trustees							G Walker	(31/10/2016 —date)	(31/10/2016 —date)
								M Hall	(31/10/2016 —date)
								A Simpson	(31/10/2016 —date)
Governors								M Povey
								D Loughran
								P Bassi
								A Loughran
								A Coley
Senior	management				team
		Principal						M Hall
		Business Manager						SScadeng
		Head of Inclusion					Support	A Mackenzie
		Head of Curriculum						C Benzigar
	Head		ofOps		and		Compliance	M Ros
	Head		of Pastoral				and
	Behaviour							J Taylor
Company		name						Sandwell Valley		School Limited
Principal		and	registered			office		150 Birmingham		Road
								West Bromwich
								West Midlands
								England
								B706QT
Company		registration			number			10288316
Charity	registration			number				1172272
Independent			auditor					Feltons
								8 Sovereign	Court
								8 Graham Street
								Birmingham	B1	3JR
Bankers								Barclays Bank Pic
								PO Box299
								Birmingham
								B13PF
Solicitors								The Penninsula
								Victoria Place
								Manchester
								M4 4FB

				Unrestricted	Restricted	Total	Total
				funds	funds	2021/22	2020/21
			Notes	f	f
Income from:
Donations and legacies			3		51,750	51,750	11,129
Charitable activities			4	1,084,831	28,900	1,113,731	1,042,382
Other trading activities				6,020		6,020
Total				1,090,851	80,650	1,171,501	1,053,511
Expenditure on
Charitable activities:			5	1,037,852	80,650	1,118,502	1,073,265
Total				1,037,852	80,650	1,118,502	1,073,265
Net income/(expenditure)		before transfers		52,999		52,999	(19,754)
Transfers between	funds
Net income/(expenditure)		after transfers		52,999		52,999	(19,754)
Reconciliation offunds
Total funds brought	forward			1,712,499		1,712,499	1,732,253
Total funds carried	forward			1,765,498		1,765,498	1,712,499

			Notes	2021/22	2020/21
Cash flows from operating	activities
Net cash (used in) / provided by operating		activities	13	(34,591)	66,982
Change in cash and cash	equivalents in	the reporting
period				(34,591)	66,982
Cash and cash equivalents	at 1 September	2021		1,206,244	1,139,262
Cash and cash equivalents	at 31 August	2022	14	1,171,653	1,206,244

3.	Donations	and legacies	and legacies
				Restricted	2021/22	2020/21
				funds	Total	Total
					E
	Government		grants	51,750	51,750	11,129
				51,750	51,750	11,129
4.	Charitable	activities
				Charitable	2021/22	2020/21
				income	Total	Total
	Charitable	income		1,113,731	1,113,731	1,042,382
				1,113,731	1,113,731	1,042,382

Charitable	ac	tivities	costs
				Charitable	2021/22	2020/21
				expenditure	Total	Total
					F
Staff costs				504,735	504,735	473,062
Depreciation		and impairment		2,965	2,965	2,965
Sessional	workers		and tutors	40,592	40,592	17,488
Insurance				15,766	15,766	7,474
Maintenance				26,354	26,354	26,939
Heat, light	and power			23,148	23,148	20,197
Rent and leasing				119,242	119,242	1'l8,317
Sundries				67,075	67,075	91,019
Travel				13,334	13,334	5,681
Equipment	purchases			9,687	9,687	4,629
Equipment	hire and		maintenance	2,094	2,094	3,909
Provisions				8,698	8,698	4,096
Agency costs Bad debts				57,885 ~14,232	57,885 ~14,232	67,532 ~30,510
				877,343	877,343	812,798
Share ofsupport costs (see note 6)				234,215	234,215	209,503
Share of governance			costs (see note 6)	6,944	6,944	50,964
				1,118,502	1,118,502	1,073,265

Support c	osts
				Support	Governance	2021/22	2020/21
				costs	costs	Total	Total
						f
Staff costs				216,315		216,315	200,141
Accountancy				11,848		11,848	2,272
Printing, postage,		stationery	and telephone	6,052		6,052	7,090
Audit fees					6,000	6,000	11,060
Legal and	professional				944	944	39,904
Analysed	between	Charitable	Activities	234,215	6,944	241,159	260,467

Staff costs during the period were:
	2021/22	2020/21
Wages and salaries	645,054	606,779
Social security costs	58,802	51,429
Pension costs	17,194	14,995
	721,050	673,203

								2021/22	2020/21
								Number	Number
The number ofemployees costs) exceeded E60,000		whose employee on an annualised		benefits (excluding basis was:		employer	pension
E70,001 - E80,000
Tangible fixed assets
								Leasehold
								land and
								building	Total
									E
Cost or valuation
At 1 September 2021 At 31 August 2022								74,121 74,121	74,121 74,121
Depreciation
At 1 September 2021 Charge for the year At 31 August 2022								15,071 2,965 18,036	15,071 2,965 18,036
Net book values
At 31August 2022								56,085	56,085
At 31 August 2021								59,050	59,050
Debtors
								2022	2021
								E	E
Amounts falling due	within one		year;
Trade debtors								746,848	780,179
Other debtors								4,833	3,004
Prepayments	and accrued		income					96,922	24,286
								848,603	807,469

Creditors: am	ounts	falling due within one year
			2022	2021
Trade creditors			52,028	99,543
Other taxation	and social security		17,127	12,283
Other creditors			198,206	212,292
Accruals and deferred		income	43,482	36,146
			310,843	360,264

			Balance at			Balance at
			1 September			31August
			2021	Income	Expenditure	2022
				K
Unrestricted general funds			1,712,499	1,090,851	(1,037,852)	1,765,498
Restricted Funds				80,850	~80,650
Total net assets			'1,712,499	1,171,501	~1,118,502	1,765,498
Analysis of net assets between		funds
Fund balances	at 31 August			Unrestricted
2022 are represented by:				general	Restricted	Total
				funds	funds	funds
						F
Fixed Assets				56,085	0	56,085
Current assets Current liabilities				2,020,256 (310,843)		2,020,256 ~310,843
				1,765,498		1,765,498
Creditors due after one year
Total net assets				1,765,498		1,765,498

At 31 August	2022 the	total of the Academy	total of the Academy	total of the Academy
Trust's future minimum cancellable operating		lease payments leases was:		under non-			Total 2022	Total 2021
Amounts due	within one		year				125,689	124,767
Amounts due	between	one and five years					480,000	486,754
Amounts due	after five	years					1,740,000	1,860,000
							2,345,689	2,471,521
15. Reconciliation	of net	income/(expenditure)			to net cash flow
from operating activities							2021/22	2020/21
							Total	Total
Net income/(expenditure) Adjusted for:			for reporting	period	(as per the SoFA)		52,999	(19,754)
Depreciation	(note 5)						2,965	2,965
Increase in debtors							(41,134)	(1,095)
(Decrease) /	increase		in creditors				(49,421)	84,866
Net cash (used in) / provided by operating					activities		~34,581	66,982
16. Analysis ofchanges in			net debt
					At		Other	At
					31 August	Cash	non-cash	31 August
					2021	flows	changes	2022
Cash at bank and in hand					1,206,244	(34,591)		1,171,653
					1,206.244	~34,591		1,171,653

Remuneration of key management	Remuneration of key management	Remuneration of key management	personnel
Remuneration	received by	key management
personnel is	as follows:					2022	2021
						E	E
Aggregate	compensation					76,000	76,000
Transactions	with re/ated	parties
During the year the charity		entered	into the following	transactions	with related parties: