## ## ## ## ## ## ## ## ||||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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M|| ## ## ## |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)|