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2022-07-31-accounts

Contents Page
Governors' Report 1-7
Report ofthe Independent Auditors 8-10
Consolidated Statement of Financial Activities 11
Consolidated Balance Sheet 12
Company
Balance Sheet		 13
Consolidated Statement of Cash Flows 14
Notes to the Financial Statements 15-22

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ALDRO SCHOOL EDUCATIONAL SCHOOL EDUCATIONAL TRUST LIMITED TRUST LIMITED TRUST LIMITED
CONSOLIDATED BALANCE SHEET
AS AT 31 JULY 2022
2022 2021
Note
Fixed assets
Tangible assets 6,968,435 7,004,025
Investments 44435 45 248
7,012,870 7,049,273
Current assets
Stocks 10 835 2,154
Debtors 11 1,263,046 176,173
Cash at bank and in hand 270 582 344868
1,534,463 523,195
Creditors: Amounts falling due
within one year 12 2279028 787 726
Net current liabilities ( 744 565) ( 264 531)
Total assets less current liabilities 6,268,305 6,784,742
Creditors: Amounts falling due
after more than one year 13 ( 342 112) ( 419999)
Net assets
Unrestricted Funds
General
Fund		 ( 829,349) ( 33?,788)
Designated Fund 6,500 6,500
Fixed Asset Fund 6592222 6581 644
14 5,769,373 6,250,356
Restricted Funds 15 156820 114387
ALDRO SCHOOL ALDRO SCHOOL ALDRO SCHOOL ALDRO SCHOOL EDUCATIONAL TRUST LIIIITED TRUST LIIIITED (Company (Company number S37890)
COMPANY BALANCE SHEET
AS AT 31 JULY 2022
2022 2021
Note
Fixed assets
Tangible assets
Investments		 6,968,435
44437		 7,004,025
45 250
Current assets 7,012,872 7,049,275
Debtors 11 1,295,717 3'14,637
Cash at bank and in hand 264 970 267422
Creditors: Amounts falling due '1,560,687 582,059
within one year 12 2 277 188 785 886
Net current assets((liabilities) ( 716501) (~203 827
Total assets less current liabilities 6,296,371 6,845,448
Creditors: Amounts falling due
after more than one year 13 ( 342 112) ( 419999)
Net assets 16
Unrestricted
Funds		 14
General
Fund
Designated
Fund
Fixed Asset Fund		 ( 801,283)
6,500
6 592222		 ( 277,082)
6,500
6 581 644
5,797,439 6,311,062
Restricted
Funds		 15 156620 114387

2022 2021
Cash (used in)/provided
by operating		 activities
(see below) (150,514) 233,230
Cash flows from investing
activities
Payments
for fixed asset additions		 (215,867) (251,848)
Proceeds offixed asset disposals 3700
Cash (used in) investing
activities		 (215,867) (248,148)
Cash flows from financing
activities
Interest paid
Drawdowns
of revolving
loan facility		 ( 11,737)
350,000		 ( 8,058)
Repayment
oflong term loans
Cash (used in)/provided
by financing		 activities ( 46 168) 292095 ( 46474) { 54532)
Net cash outflow
Cash and cash equivalents
at 1 August		 2021 ( 74,286)
344 868		 ( 69,450)
414318
Cash and cash equivalents
at 31		 July 2022
Note: Cash flows from operating activities
Net expenditure (438,550) (309,890)
Interest payable
included
in financing		 activities 11,737 8,058
Depreciation 291,480 295,222
Net losses/(gains)
on investments		 813 ( 8,651)
Loss on sale offixed assets 8,310 14,931
Decrease in stocks 1,319
(Increase)/decrease
in debtors		 ( 25,534) 36,820
(Decrease)/increase
in fees paid in		 advance (114,019) 44,810
Increase
in creditors		 113930 151930
Cash (used in)/provided
by operating		 activities
Analysis in changes on net debt At 1August Cash Other non- At 31Suly
2021 Nows cash changes 2022
Cash at bank and in hand 344,868 ( 74,286) 270,582
Bank loans within one year
Bank loans after one year		 ( 47,192)
(375189)		 (350,000)
46 168		 ( 271)
271		 (397,463)
(328 750)
Total (W~) (M~) (45%631)

Summary
profit and loss		 account Aldro Enterprises
Limited
2022 2021
E
Sale ofgoods 5,402 32,832
Lettings 52,282
Other income 200
Cost ofsales and administration expenses (9,747) (8,447)
Rent payable (15000) (15000)
33,137 9,385
Interest payable ( 497) (
629)
Net profit 32,640 8,756
Amount
gifted to the company		 3~9 ( 8756)
EXPENDITURE ON CHARITABLE ACTIYITIES Unrestricted Restricted 2022 2021
Funds 8 funds E
Bursaries 129,505 129,505 142,579
Teaching 1,996,676 1,996,6'76 1,748,167
Premises 889,753 889,753 721,498
Household
expenses		 645,047 645,047 502,040
Support costs of schooling 632 792 1 875 634 667 555406
TOTAL EXPENDITURE
Staff Depreciation Other 2022 2021
Grants costs 8 loss costs Total Total
Costs of raising funds 19,382 19,382 18
Commercial
trading		 221 9,526 9,747 8,447
Bursaries 129,505 129,505 142,579
Direct costs of charitable activities 2,260,294 1,024,574 3,284,868 2,704,493
Support costs 353,313 299,790 206,005 859,108 795,878
Governance
costs		 10902 11265 22 167 26 742

FOR TH E YEAR ENDED 31 JULY 2 022 {continued)
NET EXPENDITURE 2022 2021
This is stated after charging:
Interest payable on bank overdrafts and loans 11,737 8,058
Auditors'
remuneration		 —audit 8,085 6,150
—other services 3,180 10,761
Depreciation 291,480 295,222
Loss on disposal offixed
Operating
lease rentals		 assets 8,310
~L'QG		 14,931
~616

STAFF COSTS 2022 2021
Wages and salaries 2,148,351 1,942,856
Social security costs 200,103 172,149
Pension costs 276 277 253884
The headcount ofempioyees during the year, excluding 2022 2021
the Governors, was made up as follows: No No
Teaching staff 37 35
Teaching support staff 15 10
Domestic and matrons 6 5
Maintenance 2 2
Administration 12 10
Catering 11 11
Cleaning 6 6
69 XB
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS 2022 2021
Remuneration paid to Governors
Reimbursements ofGovernors
training expenses to third parties		 940 1,045
Reimbursements oftravel expenses to 2(2021:2) Governors X92

Freehold Furniture
land and and Motor
buildings equipment vehicles Total
Cost
At 1 August 2021 10,723,767 1,469,162 76,302 12,269,231
Additions 264,200 264,200
Disposals
At 31 July 2022		 10723 767 { 20219)
1?13143		 76302 (
20 219)
12513212
Depreciation
At 1 August 2021 4,275,014 930,677 59,515 5,265,206
Charge for the year 154,326 132,957 4,197 291,480
Released on disposals
At 31 July 2022		 4429340 ( 11909)
1 051 725		 63712 (
11909)
5544 777
Net book value
At 31 July 2022
At 31 July 2021
9 INVESTMENTS Group Company
Shares in Shares in
Listed subsidiary Total Listed subsidiary Total
investments undertakings investments undertakings
Market value
At 1 August 2021 45,248 45,248 45,248 45,250
Additions
Disposals
Revaluation
At 31 July 2022		 ~813) (
813)
~5		 (
813)
The company
owns		 100'/0 of the ordinary K1 share capital of Aldro Enterprises
Limited		 which
is		 incorporated in
England 8 Wales.
10 STOCKS Group Company
2022 2021 2022 2021
Goods for resale 835
11 DEBTORS Group Company
2022 2021 2022 2021
Fees receivable 1,177,718 65,758 1,177,718 65,758
Bad debt provision ( 23,371) ( 13,466) ( 23,371) ( 13,466)
Amounts
owed by group undertakings		 60,901 138,464
Prepayments
and accrued income		 108699 123881 80 469 123881
1395Z1I 314JQZ

RESTRICTE D F UNDS —GROUP AND COMPANY
2022 Opening Gains/ Closing
balance Income Expenditure (Losses) balance
E
Francis Hudson Bursary Fund 45,248 ( 813) 44,435
Development Fund 53,439 64,503 (19,382) 98,560
New Bursary Fund 13,825 13,825
Christmas
Card		 Fund 1 875
~57		 (
1 8?5)
(2L25Z)
2021 Opening Gainsl' Closing
balance Income Expenditure (Losses) balance
Francis Hudson Bursary Fund 36,59? 8,651 45,248
Development
New Bursary		 Fund
Fund		 24,414
13,825		 29,043
5,413		 (
18)
(5,413)		 53,439
13,825
Christmas
Card		 Fund 2 233
~B		 ~6 (~58) 1 875

ANALYSIS OF NET ASSETS BYTYPE OF FUND
Unrestricted Restricted
funds funds Total
Group 2022
Tangible fixed assets 6,968,435 6,968,435
Investments 44,435 44,435
Current assets 1,422,078 112,385 1,534,463
Current
liabilities		 (2,279,028) (2,279,028)
Long term liabilities ( 342 ')12) ( 342 112)
klSLZ2
Company
2022
Tangible fixed assets 6,968,435 6,968,435
Investments 44,437 44,437
Current assets 1,448,304 112,383 1,560,687
Current
liabilities		 (2,277,188) (2,277,188)
Long term liabilities (
342 112)		 ( 342 112)
Group 2021
Tangible fixed assets 7,004,025 7,004,025
Investments 45,248 45,248
Current assets 454,056 69,139 523,195
Current
liabilities
Long term liabilities		 ( 787,726)
( 419999)		 (
(		 787,726)
419999}
Company 2021
Tangible fixed assets 7,004,025 7,004,025
investments 45,250 45,250
Current assets 512,922 69,137 582,059
Current
liabilities
Long term liabilities		 (
785,886)
( 419999)		 (
(		 785,886)
419999)

31 July 2022, the outstanding
commitments
for non-cance		 llable
operating leases fall due as follows:
2022 2021
Within one year 93,183 29,640
Between two and five years 172,517 100,066
After five years 1 155