2021-07-31-accounts

			Page
Trustees	and company	information
Trustees'	Annual Report
Independent auditors		report
Statement	offinancial	activities	12
Balance sheet
Notes to	the financial	statements	14

Directors	and officers	and officers	NJ Durlacher CBE(Chairman)	NJ Durlacher CBE(Chairman)
			MK Bewes
			Prebendary JA Fisher
			MK Henderson
			MBM Porter
			RMB Wilkinson
Company	Secretary		MBM Porter
Independent		Auditors	Saffery Champness LLP
			71 Queen Victoria Street
			London
			EC4V4BE
Bankers			Barclays Bank Pic
			Octagon House
			Gadbrook Park
			Northwich
			Cheshire
			SW9 7RB
Registered		Office	CPAS
			Sovereign Court One (Unit	3)
			Sir William Lyons Road
			University ofWarwick Science Park
			Coventry
			CV4 7EZ
Principal	Office		Stable Cottage
			Eckington Road
			Birling ham
			Pershore
			Worcestershire
			WR10 3DA
Solicitors			Charles Russell Speechlys	LLP
			Compass House
			Lypiatt Rd
			Cheltenham
			GL50 2QJ

			Notes	Total	Total
				2021	2020
					As restated
Income from
Contributions from Allied	schools			157,679	161,329
Pensions Trust Additional	Contributions	reimbursed		23,421	22,732
				181,100	184,061
Interest receivable				743	802
Total income				181,843	184,863
Expenditure on raising Bank charges	funds			742	516
Charitable activities
Provision ofservices and other support		to schools		157,679	161,608
Pension Trust costs				23,376	21,739
Total expenditure				181,797	183,863
Net income for the year before other		gains and losses		46	1,000
Actuarial gains/(losses)	on pension scheme deficit		13	(46)	(1,000)
Net movement in funds
Fund balances at 1 August				14,668	14,668
Fund balances at 31July				14,668	14,668

							Notes	Total	Total
								2021	2020
Tangible fixed assets								464	925
Debtors due	after	more than one		year				86,753	109,000
Current assets
Debtors Cash at bank	and	in hand						24,111 48,141	26,904 42,190
Creditors: amounts		falling due within		one year				72,252 (58,032)	69,094 (55,335)
Total assets	less	current liabilities		excluding	pension	liability		101,437	123,684
Defined benefit pension scheme			liability				13	(86,753)	(109,000)
Net assets								14,684	14,684
Share capital							10	16	16
Unrestricted	fund
Retained income								14,668	14,668
Totalfunds								14,684	14,684

nalysis of c	ontributio	ns receivable from	Allied Schools
				2021	2020
					As restated
Contributions	towards	current year operating	costs	157,679	161,329
Reimbursed	pension	contributions		23,421	22,732
				181,100	184,061

nalysis oftotal expend	iture
		Staff		Other	Total	Total
		costs		costs	2021	2020
						As restated
Cost ofgenerating funds Bank charges				743	743	516
Charitable activities
Staff costs (note 4)		159,020			159,020	152,021
Support and other costs				22,034	22,034	31,326
Total expenditure		159,020		22,777	181,797	183,863
t expenditure is stated	after charging:
Auditors' remuneration	for audit work	(excluding	VAT)
Audit services					5,250	5,250
Operating lease rentals						523

								2021	2020
									As restated
Salaries Social security Other benefits		costs						116,900 3,823 1,933	104,639 12,207 1,450
Pensions
Company schemes		contributions	to TPT	and	money	purchase	pension	12,988	11,986
Pensions	Trust contributions							23,376	21,739
								159,020	152,021

								2021	2020
								'E
Emoluments Other benefits								109,400 1,933	104,639 1,450
Company schemes	contributions	to	TPT	and	money	purchase	pension	12,988	11,986
								124,321	118,075

2021	2020
Number	Number

F100,001 —F110,000
Tangible assets
	Computer	Furniture,	Total
	equipment	fittings and
		equipment
Cost
At 1 August 2020	3,351	503	3,854
Additions in the year
At 31 July 2021	3,351	503	3,854
Accumulated depreciation
At 1 August 2020	2,426	503	2,929
Charge for the year	462		462
At 31 July 2021	2,888	503	3,391
Net book value
At 31 July 2021	463		463
Net book value
At 31 July 2020	925		925

		2021	2020
Falling due after more	than one year:
Defined benefit pension	deficit from Allied Schools	86,753	109,000
		86,753	109,000
Falling due within one	year:
Trade debtors Other debtors Prepayments and accrued income		522 22,676 913	25,934 970
		24,111	26,904
Creditors: amounts falling due within one year
		2021	2020
Trade creditors Taxation and social security Accruals and deferred income		3,201 1,886 52,945	3,222 2,810 49,303
		58,032	55,335

		2021	2020
		E
Issued share	capital:
E1 Ordinary	shares	16	16

			31	July 2021 (E'000s)	July 2021 (E'000s)	31July 2020 (K'000s)	31July 2019 (6'000s)
Present value ofprovision					87	109	130
Present values ofprovision
						Period ending	Period ending
						31July 2021	31July 2020
						(K'000s)	(R'000s)
Reconciliation ofopening and closing provisions
Provision at start of period Unwinding ofthe discount factor (interest expense)						109 1	130 1
Deficit contribution paid Re-measurements —impact ofany change in assumptions Re-measurements —amendments to the contribution schedule						(23)	(23) 1
						87	109

13.	Pensions												(continued)
	Income and expenditure			impact
	Charged/credited	to	charitable		expenditure
	Interest expense
	Re-measurements		—amendments			to the contribution			schedule
	Recognised as actuarial			losses/ (gains)
	Re-measurements		—impact		of any	change	in	assumptions
	Net charge/(credit)		recognised		in the	Statement		of Financial		Activities
	Assumptions								31	July	2021	31July 2020	31July 2019
									% per annum			% per annum	% per annum
	Rate ofdiscount										0.57	0.60	1.00

Prior year adju	stment
			As	Prior year	As
			previously reported	adjustment	restated
Income			163,863	21,000	184,863
Expenditure			162,863	21,000	183,863
Net income			1,000		1,000
Actuarial losses	on pension	scheme deficit	(1,000)		(1,000)
Net movement	in funds