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2022-08-31-accounts

Start ofterm Projected numbers Actual numbers
Autumn
2018		 41 43
Spring 2019 45 51
Summer 2019 48 54
Stirt ofterm Actual numbers
Autumn 2019 45 48
Spring 2020 49 56
Summer 2020 53
Start ofterm Actual numbers
Autumn
2020		 60 65 (Sept) 69 (Nov)
Spring 2021 68/69 71
Summer 2021 68/69 71
Start ofterm Projected numbers Actual numbers
Autumn
21		 64 71
Spring 22 66 72
Summer 22 69 71

erm irst half term econd half
erm
utumn peech and
anguage		 elationships
ex Education		 and
erapy
Spring afeguarding uality of Life
Summer HCP and Annual
eview		 nline safety

Assistant
Psychologist		 Assistant
Psychologist		 fixed term 10 months fixed term 10 months
X2
Residential
Care Workers X5
Housekeeper
X2
Speech 5 Language Therapy Assistant
Learning
Support Assistant x5
Caretaker
Science Teacher
Music Teacher
Medical Administrative Assistant
Research Associate

Year ended Year ended
Unrestricted Restricted Endovrrnei'lt 31.08.22 31.08.21
Notes funds funds fund Total funds Total funds
r
INCOME
AND		 ENDOWMENTS FROM
Donations
and		 legacies 60
Charitable
activities
Swalcliffe
Park		 School CIO 6 535j984 223i932 6,759,916 6,412,532
Investment
income		 37,600 37,600 27,703
Total 6,573,584 223,932 6,797,516 6,440,295
EXPENDITURE ON
Raising funds 9,514 9,514 4,595
Charitable
activities
Swalcliffe Park School CIO 5,589,425 196,216 149,101 5,934,742 5,248,797
Other 38,572 38,572 21,504
Total 5,637,511 196,216 149,101 5,982,828 5,274,896
Net gains/(losses)
on investments		 (102,134) (102,134) 80,801
Remeasurement
benefit pension		 gain/(loss)
scheme		 on defined 17 3,967,000 3,967,000 (409,000)
NET INCOME 4,800,939 27,716 (149,101) 4,679,554 837,200
Transfer between
funds
Net movement in funds 4,800,939 27,716 (149,101) 4,679,554 837,200
RECONCILIATION
OF FUNDS
Total fund brought
forward		 2,328,033 92,865 3,346,274 5,767,172 4,929,972
TOTAL FLIND CARRIED FORWARD 7,128,972 120,581 3,197,173 10,446,726 5,767,172

Unrestricted
funds		 Restricted
funds		 Endowment
fund		 2022
Total funds		 2021
Total funds
Notes E
FIXED ASSETS
Tangible fixed assets 2,975,075 3,197,173 6,172,248 4,711,333
Investments 12 1,480,093 1,480,093 582,227
Investment
property		 13 425,000 425,000 425,000
4,880,168 3,197,173 8,077,341 5,718.560
CURRENT ASSETS
Debtors 14 979,568 979,568 1,360,098
Cash at bank 3,037,469 120,581 3,158,050 3,802,035
4,017,037 120,581 4,137,618 5,162,133
CREDITORS
Amounts
falling due within		 15 (2,181,233) (2,181,233) (1,909,521)
one year
NET CURRENT ASSETS 3,252,612
TOTAL ASSETS LESS 8,971,172
CURRENT LIABILITIES
Defined benefit pension 17 413,000 413,000 (3,204,000)
liability
NET ASSETS 7,128,972 120,581 3,197,173 10,446,726 5,767,172
FUNDS
Unrestricted
funds		 18 7,128,972 2,328,033
Restricted
funds		 18 120,581 92,865
Endowment
funds		 18 3,197,173 -3,346,274
TOTAL FUNDS 10,446,726 5,767,172

For the year ended
3		 1 Aug ust2 022
Year Year
31.08.22 31.08.21
Notes f f
Cash flows from operating
activities:
Cash generated
from operations		 2,199,345 1,443,776
Net cash provided
by (used in) operating		 activities 2,199,345 1,443,776
Cash flows from investing
activities:
Purchase oftangible
fixed assets		 (1,926,380) (637,512)
Purchase of fixed assets investments (1,000,000)
Purchase of investment
property
Sale oftangible
fixed assets		 45,450
Investment
income		 37,600 27,703
Net cash provided
by (used in) investing		 activities (2,843,330) (609,809)
Change
in and cash equivalents
in reporting		 period (643,985) 833,967
Cash and cash equivalents
at the beginning		 ofthe reporting period 3,802,035 2,968,068
Cash and cash equivalents
at the end of		 the reporting period 3,158,050 3,802,035

Year
31.S.22		 Year
31.8.21
E
Net income for the reporting period (as per the statement offinanciai activities) 4,679,553 837,200
Adjustments
for:
Depreciation
charges
(Gain) loss on investments 448,470 420,323
(Profit) loss on disposal offixed assets 102,134 (80,801)
Investment
income		 (28,455)
Defined benefit pension
movements		 less payments (37,600) (27,703)
Investment
change
in valuation		 (3,616,999) 662,000
Decrease/(Increase)
in debtors		 (20,828)
Increase/(Decrease)
in creditors		 380,530 (396,441)
271,712 50,026
Net cash provided
by (used in)		 operating activities 2,199,345 1,443,776

Year Year
31,08.22 31.08.21
E
Wages and salaries
Social security costs 2,978,254 2,672,080
Defined contribution pension costs 308,207 265,079
Defined benefit pension operating costs 261,917 239,130
399,000 314,000
3,653,214 3,490,289
Year Year
31,08.22 31.08.21
Senior Leadership
Teaching
Care 36 39
Administration 33 31
16
88 87
Year
31.08.22		 Year
31.08.21
1:60,001 —1:70,000
f70,001 —E80,000
280,001 - E90,000
E100,001 - f110,000
EI20,001 - f130,000

Freehold Fixtures and Motor
prop
rty		 fittings vehicles Total
8
COST
At 31August 2021 4,955,461 2,352,372 108,129 7,415,962
4
Additions 1,311,976 531,440 82,964 1,926,380
Disposals (63,278) (41,676) (104,954)
At 31August 2022 6,267,437 2,820,534 149,417 9,237,388
DEPRECIATION
At 31August 2021 1,182,919 1,461,240 60,470 2,704,629
Charge for the year 175,985 248,325 24,160 448,470
Eliminated
on disposal		 (63,278) (24,681) (87,959)
At 31August 2022 1,358,904 1,646,287 59,949 3,065,140
NET BOOK VALUE
At 31August 2022 4,908,533 1,174,247 89,468 6,172,248
At 31August 2021 3,772,542 891,132 47,659 4,711,333

Listed/ unlisted
investments
At 31August 2021 582,227
Additions 1,000,000
Revaluations (102,134)
At 31August 2022 1,480,093
NET BOOK VALUE
At 31August 2022
At 31August 2021 2 227

14.Debtors: amounts 14.Debtors: amounts fallina due within one year
Trade debtors
Prepayments and accrued income
.eors: amou nt falli n a
due wi		 thin
one year
2022 2021
f
Trade debtors
Prepayments and accrued income 874,470 1,256,837
105,098 103,261
979,568 1,360,098
15. Creditors: amounts falling due within one year
2022
f		 2021
f
Trade creditors
Social security and other taxes 176,155 76,113
Other creditors 73,184 65,396
Deferred income 53,283
Accrued expenses 1,850,647 1,710,838
27,96'i 57,174
2,181,233 1,909,521

2022
f		 2021
Within one year
11,620 11,620
The notes Between one and five years
form part ofthese financial statements		 200
~190		 ~1190
23 320

The amounts
recognise		 d in the bala nce sh eet were as follo ws:
Defined benefit
pension plan
2022f 2021f
Fair value of plan assets 6,856,000 7,120,000
Present value of funded obligations 6,443,000 (10,324,000)
Net liability 413,000 (3,204,000)
The total cost recognised in the year was as follows: 2022 2021f
Current service costs 399,000 314,000
Net interest from defined benefit liability 55 000 45,000
Total defined
benefit cost		 recognised in Statements of Financial Activities 454,000 359,000
Changes
in the fair value		 ofscheme assets were as follows: 2022 2021
Opening
fair value ofschemes assets		 7,120,000 5,941,000
Interest
income		 118,000 101,000
Employer
contributions		 104,000 106,000
Participants'
contributions		 48,000 '}6,000
Estimated
benefits
paid		 (128,000) (120,000)
Return
on assets excluding		 amounts included in net interest (406,000) 1,046,000
6,856,000 7,120,000
Changes
in the present value ofthe defined		 benefit obligation were as follows: 2022 2021
Opening
defined
benefit		 obligation 10,32'},000 8,483,000
Current service cost
Interest cost		 399,000
173,000		 314,000
146,000
Participants'
contributions		 48,000 46,000
Estimated
benefits
paid
Actuarial gains/(losses)—		 (128,000) (120,000)
(4,359,000) 1,460,000
Changes
in financial
assumptions		 18,000 (124,000)
Other experience
gains		 (32,000) 119,000
Changes
in demographic		 assumption
6,443,000 10,324,000
The notes form part ofthese financial statements

The remea s urements
 r eco gnis ed in Sta tement
of Fina		 ncial Activities are as follows;
Defined benefit
pension
plan
2022 2021
f f
Changes
in financial
assumptions
Other experience
gains		 4,359,000
(18,000)		 (1,460,000)
124,000
Changes
in demographic
Return ofassets excluding		 assumptions
amounts
included		 in net interest 32,000
406 000		 (119,000)
1046 DOO
3,967,000 (409,000)
The major categories of scheme assets as percentage oftotal scheme assets are as follows:
2022 2021
Equity 75% 74%
Bonds 15% 17%
Property 9o/o 7%
Cash 1% 2%
Principal
actuarial
assumptions		 at the balance sheet date:
2022 2021
Pension Increase rate (CPI) 3.05% 2.9%
Salary increase rate 3.05'/o 2.9%
Discount rate 4.25% 1 65%
The mortality assumptions used for longevity
(in years)		 on retirement at age 65are:
Current pensioners 2022 2021
Males 22.2 years 22.4 years
Females 26.1 years 24.7 years
Future pensioners
(assumes		 members aged 45as at latest formal valuation)
2022 2021
Males 23.1 years 23 4 years
Females 26.1 years 26.3 years

At 01.09.21 Net movement
in funds		 Transfers
between
funds		 Transfers
between
funds		 Transfers
between
funds		 At 31,08.22 At 31,08.22
E E 8
Unrestricted
funds
General
fund		 2,328,033 4,800,939 7,128,972
Restricted
funds
Sports Grant 2,QOO (2,000)
British Council Connecting Classrooms 320 (320)
Capital Grant and Maintenance Grants 88,308 28,742 117,050
FSA Grants 2,237 1,294 3,531
92,865 27,716 120,581
Endowment
funds
Freehold
property		 3,3'l6,274 (149,101) 3,197,173
TOTAL FUNDS 5,767,172 4,679,554 10,446,726
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement in
resources expended
E		 losses
f		 funds
Unrestricted
funds
General
fund		 6,573,584 (5,637,511) 3,864,866 4,800,939
Restricted
funds
Covid 19Funding 18,360 (18,360)
Sports Grant
Teachers Pay and		 Pensions Grant 3,000
73,830		 (5,000)
(73,830)		 (2,000)
British Council Connecting
Classrooms
Capital Grant and Maintenance
Grants		 117,049 (320)
(88,3Q7)		 (320)
28,742
EFSA Funding 11,693 (10,399) 1,294
223,932 (196,216) 27,716
Endowment
funds
Freehold property (149,101) (149,101)
TOTAL FUNDS 6,797,516 (5,982,828) 3,864,866 4,679,554
The notes form part ofthese financial statements

Unrestricted Restricted Endowment
Funds funds Fui1d Total funds
E E
INCOME
AND		 ENDOWMENTS FROM
Donations
and		 legacies 60 60
Charitable
activities
Swalcliffe Park School CIO 6,230,532 182,000 6,412,532
Investment
income		 27,703 27,703
Total 6,258,295 182,000 6,440,295
EXPENDITURE ON
Raising funds 4,595 4,595
Charitable
activities
Swalcliffe Park School CIO 5,002,503 97,192 1'l9,102 5,248,797
Other 21,504 21,504
Tol'al 5,028,602 97,192 149,102 5,274,896
Net gains/(losses) on investments
Remeasurement on defined benefit 80,801 80,801
pension
scheme		 (409,000) (409,000)
NET INCOME 901,494 84,808 (149,102) 837,200
Transfer between funds
Net movement
in		 funds 901,494 84,808 (149,102) 837,200
RECONCILIATION OF FUNDS
Total fund brought
forward		 1,426,539 8,057 3,495,376 4,929,972
TOTAL FUND CARRIED FORWARD 1,426,539 8,057 3,495,376 4,929,972