2022-07-31-accounts - Petty Pool

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		Page
Report ofthe Trustees	1	to	8
Report ofthe Independent Auditors	9	to	11
Statement ofFinancial Activities		12
Balance Sheet		13
Cash Flow Statement		14
Notes to the Cash Flow Statement		15
Notes to the Financial Statements	16	to	27
Detailed Statement ofFinancial Activities	28	to	30

				(Incorpor	ating an Inco for the Year	me and Expend Ended 31July	iture Account) 2022
							The Petty	31.7.22	31.7.21
					Unrestricted	Restricted	Pool Trust	Total	Total
					funds	funds	fund	funds	funds
				Notes
INCOME AND
ENDOWMENTS		FROM
Donations and legacies					7,461	45,867		53,328	16,459
Charitable activities
Vocational Centre					2,358,010			2,358,010	2,372,172
Outdoor Education		Centre			166,310	4,964		171,274	31,483
Petty Pool Plus					68,578			68,578	6,300
Other trading activities							48,000	48,000	48,000
Investment income							22 423	22 423	17,039
Total					2 600,359	50,831	70,423	2,721,613	2491453
EXPENDITURE	ON
Raising funds					8,125		9,705	17,830	14,008
Charitable activities
Vocational Centre					2,392,182	9,398	93,282	2,494,862	2,334,822
Outdoor Education		Centre			132,371	4,964		137,335	74,895
Petty Pool Plus					33,129	36000		69 129
Total					2 565,807	50,362	102987	2 719,156	2 423 725
Net gains/(losses) investments	on						~104,865)	~104865)	177,178
NET
INCOME/(EXPENDITURE) Transfers between funds				18	34,552 10,939	469 ~469)	(137,429) ~10,470)	(102,408)	244,906
Net movement in		funds			45,491		(147,899)	(102,408)	244,906
RECONCILIATION			OF
FUNDS
Total funds brought		forward			592,708		2,359,733	2,952,441	2,707,535
TOTAL FUNDS	CARRIED
FORWARD					638 199	-	2,211834	2,850 033	2 952441

			31	July 2022
					The Petty	31.7.22	31.7.21
			Unrestricted	Restricted	Pool Trust	Total	Total
			funds	funds	fund	funds	funds
		Notes
FIXEDASSETS
Tangible assets		13	107,809		946,618	1,054,427	1,087,662
Investments		14			1 404,416	1,404,416	1,115,979
			107,809		2,351,034	2,458,843	2,203,641
CURRENT	ASSETS
Stocks		15	3,798			3,798
Debtors		16	352,257		(184,263)	167,994	74,013
Cash at bank	and in hand		585410		52,848	638 258	1,110,530
			941,465		(131,415)	810,050	1,184,543
CREDITORS
Amounts falling due within one
year		17	(411,075)		(7,785)	(418,860)	(435,743)
NET CURRENT ASSETS			530,390		~139,200	391,19D	748 800
TOTAL ASSETSLESS
CURRENT	LIABILITIES		638,199		2,211,834	2,850,033	2,952,441
NET ASSETS			638,199		2211,834	2,850,033	2,952,441
FUNDS		18
Unrestricted	funds					638,199	592,708
Endowment	funds					2,211,834	2,359733
TOTAL FUNDS						2,850.033	2,952,441

		for the Year Ende	d 31July 2022
			31.7.22	31.7.21
		Notes
Cash flows from operating activities Cash generated from operations			~41,890)	612714
Net cash (used in)/provided	by operating	activities	~41,890)	612 714
Cash flows from investing	activities
Purchase oftangible fixed assets			(60,379)	(22,525)
Purchase offixed asset investments			(800,501)	(187,902)
Sale oftangible fixed assets			876
Sale offixed asset investments			407,199	199,251
Dividends received			22,423	17,039
Net cash (used in)/provided	by investing	activities	~430 382)	5 863
Change in cash and cash equivalents		in
the reporting period			(472,272)	618,577
Cash and cash equivalents	at the
beginning ofthe reporting	period		1 110530	491,953
Cash and cash equivalents the reporting period	at the end	of	~638 58	1,110530

OPERATING ACTIVITI	ES
					31.7.22	31.7.21
Net (expenditure)/income	for the reporting		period (as per the
Statement ofFinancial Activities)					(102,408)	244,906
Adjustments for:
Depreciation charges					93,614	98,583
Losses/(gain) on investments					104,865	(177,178)
Profit on disposal offixed assets					(876)
Dividends received					(22,423)	(17,039)
Increase in stocks					(3,798)
(Increase)/decrease in debtors (Decrease)/increase in creditors					(93,981) ~16883	365,861 97581
Net cash (used in)/provided		by operations			~41,8903	612 714
ANALYSIS OF CHANGES		IN NET FUNDS
				At 1.8.21	Cash flow	At 31.7.22
Net cash
Cash at bank and in hand				1 110530	~472 72	638258
				1,110,530	~472/72	638258
Total				1 110530	~472 272	638258

DONATIONS AND	LEGACIES
			The	Petty	31.7.22	31.7.21
	Unrestricted	Restricted	Pool	Trust	Total	Total
	funds	funds		funds	funds	funds
Donations Legacies	7,461	45,867			53,328	6,668 ~9791
	~7461	45,867			~53 328	16459

							The Petty	31.7.22	31.7.21
					Unrestricted	Restricted	Pool Trust	Total	Total
					funds	funds	funds	funds	funds
	Management charge						~48 000	48,000	~48 000
4.	INVESTMENT	INCOME
							The Petty	31.7.22	31.7.21
					Unrestricted	Restricted	Pool Trust	Total	Total
					funds	funds	funds	funds	funds
	Other fixed asset	invest-
	FII						22 423	~22 423	~17 039
	INCOME FROM CHARITABLE ACTIVITIES
								31.7.22	31.7.21
				Activity
	Sales and supplies			Vocational Centre				43,379	23,927
	Grants			Vocational Centre					5,000
	Service level agreements			Vocational Centre				2,314,631	2,343,245
	Sales and supplies			Outdoor Education		Centre		166,310	31,483
	Grants			Outdoor Education		Centre		4,964
	Sales and supplies			Petty Pool Plus				68 578	6 300
								2 597862	2,409 955
	Grants received, included			in the	above, are as follows:
								31.7.22	31.7.21
	Swire Charitable	Trust							5,000
	Brabners LLP							~4964
								~4964	~5000
6.	RAISING FUNDS
	Raising donations		and	legacies			The Petty	31.7.22	31.7.21
					Unrestricted	Restricted	Pool Trust	Total	Total
					funds	funds	funds	funds	funds
	Staffcosts				~8125			~8125	~4819

	Investment	management	costs
						The Petty	31.7.22	31.7.21
			Unrestricted		Restricted	Pool Trust	Total	Total
				funds	funds	fund	funds	funds
	Portfolio management					~9705	~9705	9,189
	Aggregate	amounts		8,125		~9705	~17 830	~14 008
7.	CHARITABLE ACTIVITIES COSTS
							Support
						Direct	costs (see
						Costs	note 8)	Totals
	Vocational	Centre				2,033,810	461,052	2,494,862
	Outdoor Education Centre					132,004	5,331	137,335
	Petty Pool	Plus				68,629	500	69 129
						2 234443	466 883	2 701 326
S.	SUPPORT	COSTS
							Governance
						Management	costs	Totals
	Vocational	Centre				372,137	88,915	461,052
	Outdoor Education Centre					5,073	258	5,331
	Petty Pool	Plus				500		500
						377 710	89,173	466 883
9.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated	after charging/(crediting):
							31.7.22	31.7.21
	Auditors' remuneration						4,680	6,000
	Depreciation - owned assets						93,614	98,583
	Other operating leases Surplus on disposal offixed assets						43,619 ~876)	39,375

STAF	FCOSTS
		31.7.22	31.7.21
Wages	and salaries	1,789,257	1,522,965
Social	security costs	148,066	120,382
Other	pension costs	81 886	44 922
		1989208	1688269

			31.7.22	31.7.21
Management,	Admin	&Teaching	79	69

The number ofemployees whose employee benefits	(excluding employer pension costs) exceeded	f60,000w
	31.7.22	31.7.21
f60,001 - 670,000	1	1
f80,001 - f90,000	1
F100,000- F105,000

						Year Ended	Year Ended
						31.7.22	31.7.21
			Unrestricted	Restricted funds	The Petty Pool
			funds		Trust funds	Total funds	Total funds
Unrealised	gains/(losses)
- on fixed	asset investments				(66,213)	(66,213)	162,025
Realised gains/(losses)		on
fixed asset	investments

TANGIBLE FIXEDASSETS
		Freehold	Classroom	Plant and
		property	Building	machinery
COST
At 1 August 2021		889,405	590,053	114,903
Additions				13,022
Disposais
At 31July 2022		889,405	590053	127925
DEPRECIATION
At I August 2021		441,917	43,679	90,541
Charge for year		24,534	22,710	13,514
Eliminated on disposal
At 31July 2022		466 451	66 389	104055
NET BOOK VALUE
At 31July 2022		422 954	523 664	23 870
At 31 July 2021		447,488	546,374	24 362
	Fixtures
	and	Motor	Computer
	fittings	vehicles	equipment	Totals
COST
At 1 August 2021	43,646	148,144	52,418	1,838,569
Additions Disposals	21,250	~5,000)	26,107	60,379 ~5000)
At 31July 2022	64,896	143 144	78,525	1,893948
DEPRECIATION
At 1 August 2021 Charge for year Eliminated on disposal	43,100 1,685	107,646 17,392 ~5000)	24,024 13,779	750,907 93,614 ~5000)
At 31July 2022	44 785	120038	37803	839521
NET BOOK VALUE
At 31 July 2022	20,111	23,106	40 722	1 054,427
At 31 July 2021	546	40498	28,394	1 087662

				31.7.22	31.7.21
Shares				931,660	1,080,509
Other				472 756	35470
				1 404,416	1,115979
Additional information		as follows:
					Listed
					investments
MARKET	VALUE
At 1 August	2021				1,080,509
Additions					363,215
Disposals Revaluations					(445,851) ~66213)
At 31 July 2022					931660
NET BOOKVALUE
At 31 July 2022					931660
At 31July 2021					1 080,509
				31.07.22	31.07.21
UK				779,109	1,018,062
USA				152,151
					45,824
Europe				400
					16623
				931,660	1 080 509
The change	in valuation	in the year was	(f66,213).
Investments	(neither listed nor unlisted)		were as follows:
				31.7.22	31.7.21
Funds held	by broker			472 756	35470

15.	STOCKS
			31.7.22	31.7.21
	Stocks		~3798
16.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.7.22	31.7.21
	Trade debtors		86,600	23,592
	Other debtors		44,514
	Prepayments	and accrued income	36880	50421
			167994	74 013

CREDITORS: AMOUNTS FALLING DUE WITHIN	ONE YEAR
	31.7.22	31.7.21
Trade creditors	59,247	63,258
Social security and other taxes	37,826	30,406
Other creditors	203	8,571
Accruals and deferred income	321,584	333,508
	418,860	435 743

Deferred	income	comprises sales invoices raised in	advance ofthe year to whic	h it relates.
				31.07.22
Balance	as at 1st	August 2021		3,000
Amount	released	to income earned from charitable	activities	(3,000)
Amount	deferred	in year		17,622
Balance	as at 31stJuly 2022			17622

MOVEMENT IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.8.21	in funds	funds	31.7.22
Unrestricted funds
General fund			592,708	34,552	10,939	638,199
Restricted funds
Fundraising day costs match				469	(469)
The Petty Pool Trust			2,359,733	(137,429)	(10,470)	2,211,834
TOTAL FUNDS
Net movement in funds, included		in the above are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted funds
General fund			2,600,359	(2,565,807)		34,552
Restricted funds
Petty Pool Plus			36,000	(36,000)
Purchase ofcanoes and equipment			4,964	(4,964)
Provision ofbird therapy for Fundraising day costs match	the students		5,000 4 867	(5,000) ~4,398)		469
			50,831	(50,362)		469
The Petty Pool Trust			70,423	(102,987)	(104,865)	(137,429)
TOTALFUNDS			2 721,613	~2719 156)	~104865)	~102408)
Comparatives for movement	in	funds
					Net
					movement	At
				At 1.8.20	in funds	31.7.21
Unrestricted funds
General fund				493,308	99,400	592,708
The Petty Pool Trust				2,214,227	145,506	2,359,733
TOTAL FUNDS				2,707 535	244 906	2 952441

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		2,415,368	(2,315,968)		99,400
The Petty Pool Trust		76,085	(107,757)	177,178	145,506
TOTAL FUNDS		2 491453	~2423 725)	177,178	244 906

The moveme	nt in fu	nds ofthe linked charity,	The Petty Pool Trust, are as foll	ows:
				Net
				movements	in
			At 1.8.21	funds		At 31.7.22
Unrestricted	funds
General fund			141,693	(56,508)		85,185
Designated	building	funds	1 082 862	756		1 083 618
			1,243,754	(55,752)		1,168,803
Legacy Endowment		fund	1 135 178	~92 147		1 043 031
			2 359733	~137429		2,211834

			Detailed Statement	ofFinancial	Activities
			for the Year Ended 31July		2022
					The Petty	31.7.22	31.7.21
			Unrestricted	Restricted	Pool Trust	Total	Total
			funds	funds	fund	funds	funds
INCOME AND ENDOWMENTS
Donations and legacies
Donations			7,461	45,867		53,328	6,668
Legacies							9791
			7,461	45,867		53,328	16,459
Other trading activities
Management charge					48,000	48,000	48,000
Investment income
Other fixed asset invest - FII					22,423	22,423	17,039
Charitable activities
Sales and supplies			278,267			278,267	61,710
Grants				4,964		4,964	5,000
Service level agreements			2314631			2 314,631	2,343 245
			2 592 898	4 964		2 597862	2409 955
Total incoming resources			2,600,359	50,831	70,423	2,721,613	2,491,453
EXPENDITURE
Raising donations	and	legacies
Wages Social security			7,001 844			7,001 844	4,157 496
Pensions			280			280	166
			8,125			8,125	4,819
Investment management		costs
Portfolio management					9,705	9,705	9,189
Charitable activities
Wages Social security			1,567,544 130,639	36,000		1,603,544 130,639	1,402,938 110,174
Pensions			46,887			46,887	41,753
Rates and water			4,088			4,088	3,025
Insurance			39,733			39,733	36,307
Light and heat Postage and stationery Residents' and students' Motor expenses Farm costs		trips	42,155 31,750 17,265 31,075 13,331			42,155 31,750 17,265 31,075 13,331	37,726 37,566 9,451 16,986 23,592
Repairs Carried forward			50,801 1,975,268	4,964 40,964		55,765 2,016,232	181,114 1,900,632

			Detailed Statement	ofFinancial	Activities
			for the Year Ended 31July		2022
					The Petty	31.7.22	31.7.21
			Unrestricted	Restricted	Pool Trust	Total	Total
			funds	funds	fund	funds	funds
Charitable activities
Brought forward			1,975,268	40,964		2,016,232	1,900,632
Educational costs			39,292	9,398		48,690	19,940
Catering and accommodation			37,193			37,193	24,368
Bad debts			3,590			3,590	409
Donations					36,000	36,000
Freehold property					24,534	24,534	24,534
Classroom building					22,710	22,710	22,711
Plant and machinery			13,514			13,514	14,068
Fixtures and fittings			1,685			1,685	7,164
Motor vehicles			17,392			17,392	20,657
Computer equipment			13,779			13,779	9,449
Loss on sale oftangible assets		fixed	~876)			~876)
			2,100,837	50,362	83,244	2,234,443	2,043,932
Support costs
Management
Wages			178,712			178,712	115,870
Social security			16,583			16,583	9,712
Pensions			4,718			4,718	3,003
Other operating leases Telephone Advertising Sundries			43,619 19,226 4,453 7,036			43,619 19,226 4,453 7,038	39,375 9,630 1,384 6,710
Bank charges			412		106	518	509
Subscriptions			6,500			6,500	2,355
Training costs Health 4 safety costs Cleaning and laundry Recruitment costs		costs	34,046 18,702 31,900 11695			34,046 18,702 31,900 11695	16,612 30,223 37,680 9758
			377,602		108	377,710	282,821
Governance costs
Auditors' remuneration			4,680			4,680	6,000
Legal and professional Consultancy fees Management charge		fees	13,477 13,086 48 000		2,145 7,785	15,622 20,871 48 000	11,435 17,529 48 000
			79243		9,930	89 173	82 964
Total resources expended			2,565,807	50 362	102,987	2 719 156	2 423,725
Net income before gains and losses			34,552	469	(32,564)	2,457	67,728
Realised recognised Carried forward	gains and		losses 34,552	469	(32,564)	2,457	67,728

		Detailed Statement	ofFinancial	Activities
		for the Year Ended 31July		2022
				The Petty	31.7.22	31.7.21
		Unrestricted	Restricted	Pool Trust	Total	Total
		funds	funds	fund	funds	funds
					f,
Realised recognised	gains and losses
Brought forward		34,552	469	(32,564)	2,457	67,728
Realised gains/(losses)	on fixed
asset investments				~104865)	~)04,865)	177 178
Net (expenditure)/income		34 552	469	~137429)	~102408)	244,906