2022-07-31-accounts

			Page
Council Members' report			1-5
Statement ofCouncil	Members'	responsibilities
Independent auditor's	report		7-9
Statement offinancial	activities		10-11
Balance sheet			12
Statement ofcash flows			13
Notes to the financial	statements		14-26

Current financial year	Current financial year
					Unrestricted	Restricted	Total	Total
					funds	funds
					2022	2022	2022	2021
				Notes		f
Donations and fundraising					315		315
Rental income & investments					339,624		339,624	129,598
Other income								479
Total income					339,939		339,939	130,077
Charitable activities					436,857		436,857	311,184
Other				10	2,911		2,911	(2,738)
Total expenditure					439,768		439,768	308,446
Net gains/(losses)	on investments			11	(123,554)		(123,554)	2,504,618
Net (outgoing)/incoming			resources		(223,383)		(223,383)	2,326,249
Other recognised	gains	and losses
Actuarial gain on defined		benefit pension schemes			186,000		186,000	63,000
Net movement in	funds				(37,383)		(37,383)	2,389,249
Fund balances at 1 August			2021		1,396,280	98,270	1,494,550	(894,699)
Fund balances at	31July		2022		1,358,897	98,270	1,457,167	1,494,550

				Unrestricted	Restricted	Total
				funds	funds
				2021	2021	2021
			Notes		E
Rental income & investments				129,598		129,598
Other income				479		479
Total income				130,077		130,077
Charitable activities				311,184		311,184
Other			10	(2,738)		(2,738)
Total expenditure				308,446		308,446
Net gains/(losses)	on investments			2,504,618		2,504,618
Net (outgoing)/incoming		resources		2,326,249		2,326,249
Other recognised	gains	and losses
Actuarial gain on defined		benefit pension schemes		63,000		63,000
Net movement in	funds			2,389,249		2,389,249
Fund balances at 1 August 2020				(992,969)	98,270	(894,699)
Fund balances at	31July 2021			1,396,280	98,270	1,494,550

				2022		2021
			Notes	f		f
Fixed assets
Tangible assets			12		1,050,945		1,065,446
Investment	properties		13		2,430,000		2,550,000
Investments			14		6,654		10,208
					3,487,599		3,625,654
Current assets
Debtors			15	44,596		38,242
Cash at bank and in		hand		51,393		72,589
				95,989		110,831
Creditors:	amounts	falling due within
one year			17	(485,421)		(414,935)
Net current	liabilities				(389,432)		(304,104)
Total assets less current liabilities					3,098,167		3,321,550
Provisions	for liabilities		18		(1,641,000)		(1,827,000)
Net assets					1,457,167		1,494,550
Income funds
Restricted	funds		20		98,270		98,270
Unrestricted	funds - general				1,358,897		1,396,280
					1,457,167		1,494,550

					2022			2021
				Notes
Cash flows from operating		activities
Cash absorbed by operations				23		(345,382)			(352,952)
Investing	activities
Purchase	oftangible fixed assets				(15,438)
Investment	income received				339,624		129,598
Net cash generated from investing
activities						324,186			129,598
Financing	activities
Repayment	of borrowings						207,872
Net cash	(used in)/generated		from
financing	activities								207,872
Net decrease in cash and		cash equivalents				(21,196)			(15,482)
Cash and	cash equivalents	at	beginning	of year		72,589			88,071
Cash and	cash equivalents		at end of	year		51,393			72,589

		Unrestricted	Unrestricted
		funds	funds
		general	general
		2022	2021
			F
Rental	income	339,616	129,094
Interest	receivable	8	504
		339,624	129,598

Total	Unrestricted
	funds
	general
	2021
	F
	479

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Support	costs
		Support	Governance	2022	Support	Governance	2021
		costs	costs		costs	costs
				f
Staff costs		19,444		19,444	8,866		8,866
Bank charges and
interest		109		109	303		303
Legal and	professional	23,457		23,457	41,842		41,842
Audit fees			12,810	12,810		10,759	10,759
		43,010	12,810	55,820	51,011	10,759	61,770
Analysed	between
Charitable	activities	43,010	12,810	55,820	51,011	10,759	61,770

The average	monthly number ofemployees during the	year was:
		2022	2021
		Number	Number
Administration	8 Support
Employment	costs	2022	2021
		E
Wages and salaries		19,444	7,655
Other pension	costs	124,248	110,304
		143,692	117,959

		Unrestricted	Unrestricted
		funds	funds
		general	general
		2022	2021
Financing	costs	2,911	(2,738)
		2,911	(2,738)

				Unrestricted	Unrestricted
				funds	funds
				general	general
				2022	2021
				E
Net gain/(loss)		on investments		(3,554)
Revaluation	of	investment	properties	(120,000)	2,504,618
				(123,554)	2,504,618

Tangible	fixed asset	s
			Freehold	Furniture &	Equipment &Motor vehicles		Total
			property E	fittings	computer	f
Cost
At 1 August 2021			1,380,005	626,542	148,675	21,243	2,176,465
Additions			15,000		438		15,438
At 31 July	2022		1,395,005	626,542	149,113	21,243	2,191,903
Depreciation and impairment
At 1 August 2021			368,368	574,659	146,951	21,041	1,111,019
Depreciation charged		in the year	24,244	5,214	431	50	29,939
At 31 July	2022		392,612	579,873	147,382	21,091	1,140,958
Carrying	amount
At 31 July	2022		1,002,393	46,669	1,731	152	1,050,945
At 31 July	2021		1,011,637	51,883	1,724	202	1,065,446

13	Investment	property
				2022
	Fair value
	At 1 August	2021		2,550,000
	Net gains or losses through		fair value adjustments	(120,000)
	At 31 July 2022			2,430,000

		2022f	2021
	Cost	87,429	87,429
	Accumulated depreciation	(42,921)	(42,047)
	Carrying amount	44,508	45,382
		2022	2021
	Freehold	44,508	45,382
14	Fixed asset investments
			Unlisted
			investments
	Cost or valuation
	At 1 August 2021		10,208
	Valuation changes		(3,554)
	At 31 July 2022		6,654
	Carrying amount
	At 31 July 2022		6,654
	At 31 July 2021		10,208

15	Debtors
			2022	2021
	Amounts falling due within one year:		f	f
	Trade debtors		16,638	20,445
	Other debtors		7,154	7,784
	Prepayments	and accrued income	20,804	10,013
			44,596	38,242
16	Loans and overdrafts
			2022 F	2021f
	Other loans		207,872	207,872
	Payable within	one year	207,872	207,872

17	Creditors:	amounts f	alling due within one year
					2022 f	2021f
	Borrowing s				207,872	207,872
	Other taxation and social security				(791)	(791)
	Trade creditors				47,433	10,141
	Other creditors				56,035	57,229
	Accruals and deferred		income		174,872	140,484
					485,421	414,935
18	Provisions	for liabilities			2022	2021
				Notes	f	f
	Retirement	benefit obligations		19	1,641,000	1,827,000
					1,641,000	1,827,000

				Movement		Movement
				in funds		in funds
			Balance at	Income	Balance at	Income	Balance at
			1August 2020		1August 2021		31July 2022
					E		F
Bursary fund			63,250		63,250		63,250
Classroom	funds		28,666		28,666		28,666
K LConcert	fund		2,877		2,877		2,877
Hockey Club			1,352		1,352		1,352
Teacher wish list			500		500		500
Music department		legacy	1,625		1,625		1,625
			98,270		98,270		98,270

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2022	2022	2022	2021	2021	2021
				F	E	F	F	F
Fund balances		at 31
July 2022 are
represented	by:
Tangible assets			1,050,945		1,050,945	1,065,446		1,065,446
Investment	properties		2,430,000		2,430,000	2,550,000		2,550,000
Investments			6,654		6,654	10,208		10,208
Current assets/(liabilities)			(389,432)		(389,432)	(402,374)	98,270	(304,104)
Provisions	and
pensions			(1,641,000)		(1,641,000)	(1,827,000)		(1,827,000)
			1,457,167		1,457,167	1,396,280	98,270	1,494,550

23	Cash generated from	operations	operations					2022	2021
								E
	(Deficit)/surpus for the	year						(223,383)	2,326,249
	Adjustments for:
	investment income recognised		in statement		offinancial	activities		(339,624)	(129,598)
	Fair value gains and losses on		investment		properties			120,000	(2,504,618)
	Fair value gains and losses on		investments					3,554
	Depreciation and impairment oftangible			fixed assets				29,939	30,652
	Movements in working	capital:
	(Increase)/decrease in	debtors						(6,354)	8,869
	Increase/(decrease) in	creditors						70,486	(84,506)
	Cash absorbed by operations							(345,382)	(352,952)
24	Analysis ofchanges	in net (debt)/funds
							At 1August 2021	Cash flows	At 31July 2022
							F
	Cash at bank and in hand						72,589	(21,196)	51,393
	Loans falling due within	one year					(207,872)		(207,872)
							(135,283)	(21,196)	(156,479)