2022-08-31-accounts - Willington School Foundation Limited

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					2022		2021
				Notes
Cash flows from operating		activities
Cash generated from/(absorbed			by)	17
operations						410,283		(121,846)
Investing	activities
Purchase	oftangible fixed assets				(33,785)		(194,387)
Investment	income received				102		15
Nei cash used in investing		activities				(33,683)		(194,372)
Financing	activities
Proceeds	of new bank loans						50,000
Repayment	of bank loans				(102,995)		(94,740)
Net cash used in financing		activities				(102,995)		(44,740)
Net increase/(decrease) in		cash and cash
equivalents						273,605		(360,958)
Cash and	cash equivalents	at beginning		ofyear		329,920		690,878
Cash and	cash equivalents	at end of		year		603,525		329,920

The average monthly number ofemployees during the y	ear was:
	2022	2021
	Number	Number
Teaching	38	44
Premises and administration	8	9
Total	46	53
Employment costs	2022f	2021f
Wages and salaries	1,442,068	1,711,337
Social security costs	155,571	176,496
Other pension costs	166,055	203,448
	1 763,694	2,091,281

5	Raising funds
						2022f	2021f
	Advance payment	scheme interest					366
							366
6	School operating	and governance	costs
				Unrestricted	Restricted	Total	Total
						2022f	2021f
	Direct costs
	Scholarships, bursaries 8 discounts			96,181		96,181	137,743
	Teaching: Staff costs			1,317,833	33,550	1,351,383	1,684,272
	Teaching: Academic costs			368,630		368,630	340,947
	Premises: Staff costs			55,431		55,431	60,660
	Premises: Other costs			116,018		116,018	302,756
				1,954,093	33,550	1,987,643	2,526,378
	Support costs Teaching Support Admin Staff costs	costs		152,980 207,836		152,980 207,836	170,592 214,865
	Admin Expenses			197,423		197,423	192,702
	Financial Expenses			87,410		87,410	84,246
	Change in fair value of interest rate Depreciation		swap	(195,191) 152,423		(195,191) 152,423	(84,964) 147,033
				602,881		602,881	724,474
				2,556,974	33,550	2,590,524	3,250,852

7	Tangible fixed assets	Tangible fixed assets
					Land and	Fixtures,		Computers	Total
					buildings	fittings	&
						equipment
	Cost
	At 1 September 2021				6,066,853	282,473		187,727	6,537,053
	Additions				996	9,218		23,571	33,785
	Disposals							(20,521)	(20,521)
	At 31August	2022			6,067,849	291,691		190,777	6,550,317
	Depreciation	and impairment
	At 1 September 2021				1,468,451	198,846		152,956	1,820,253
	Depreciation	charged	in the year		111,357	17,883		23,183	152,423
	Eliminated in	respect of disposals						(20,521)	(20,521)
	At 31 August	2022			1,579,808	216,729		155,618	1,952,155
	Carrying amount
	At 31August	2022			4,488,041	74,962		35,159	4,598,162
	At 31 August	2021			4,598,402	83,627		34,771	4,716,800
8	Financial instruments							2022f	2021f
	Carrying amount offinancial			liabilities
	Measured at	fair value	through	profit or loss
	- Other financial liabilities							112,767	307,958
9	Debtors
	Amounts falling due		within	one year:				2022 F	2021f
	Trade debtors							7,631	13,672
	Other debtors							1,753	4,254
	Prepayments	and accrued income						54,251	41,340
								63,635	59,266

10	Creditors: amounts falling due	Creditors: amounts falling due	within one year	within one year
						2022	2021
					Notes	F	F
	Loans and overdrafts				12	105,064	106,839
	Other taxation and social security					37,487	40,706
	Deferred income - Fees in	advance			13	585,966	459,211
	Trade creditors					24,258	85,625
	Accruals					41,150	34,390
	Pupils security deposits					30,500	43,750
	Other creditors					23	25,467
	Deferred income - Advance payment			scheme	13	2,667	2,667
						827,115	798,655
11	Creditors: amounts falling due after more than one year
					Notes	2022f	2021 F
	Loans and overdrafts				12	1,253,336	1,354,556
	Derivative financial instruments		- Interest rate swap			112,767	307,958
	Pupils security deposits					355,250	277,000
						1,721,353	1,939,514
12	Loans and overdrafts
						2022	2021
						F
	Bank loans					1,358,400	1,461,395
	Payable within one year					105,064	106,839
	Payable after one year					1,253,336	1,354,556
	Amounts included above which		fall	due after five years:
	Payable by instalments					452,983	529,547

				2022	2021
				F	f
Deferred	income is	included	within:
Current	liabilities			588,633	461,878
Movements in the year:
Deferred	income at	1 September 2021		461,878	517,092
Released from previous periods				(459,211)	(514,425)
Resources deferred		in the	year	585,966	459,211
Deferred	income at	31August 2022		588,633	461,878

non-cancellable operating leases, which fall due as follow	s:
	2022	2021f
Within one year	59,297	40,666
Between two and five years	215,412	156,492
In over five years	108,044	147,167
	382,753	344,325

		2022	2021
			F
Aggregate	compensation	193,085	178,557

17	Cash generated from	operations	operations							2022	2021
											'E
	Surplus for the year									349,037	81,303
	Adjustments for:
	Investment income recognised		in	statement		offinancial		activities		(102)	(15)
	Fair value change in interest rate			swap						(195,191)	(84,964)
	Depreciation and impairment oftangible				fixed assets					152,423	147,033
	Movements in working	capital:
	(Increase)/decrease in	debtors								(4,369)	18,262
	(Decrease) in creditors									(18,270)	(228,251)
	Increase/(decrease) in	deferred	income							126,755	(55,214)
	Cash generated from/(absorbed			by) operations						410,283	(121,846)
18	Analysis ofchanges	in net (debt)/funds
						At	1	September	Cash flows	Fair value	At 31August
								2021		movements	2022
									f	f	F
	Cash at bank and in hand							329,920	273,605		603,525
	Loans falling due within one year							(106,839)	1,775		(105,064)
	Loans falling due after	more than		one year			(1,354,556)		101,220		(1,253,336)
	Derivatives relating to	debt						(307,958)		195,191	(112,767)
							(1,439,433)		376,600	195,191	(867,642)