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|---|---|---|---|
|Trustees|and company|information||
|Trustees'|Annual
Report|||
|Independent
auditors||report||
|Statement|offinancial|activities|12|
|Balance sheet||||
|Notes to|the financial|statements|14|
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|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||
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||||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|
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||||||||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|
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|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|
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|||||||||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|
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|||||||||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|
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|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|
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|||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|
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|||2021|2020|
|---|---|---|---|
|||E||
|Issued share|capital:|||
|E1 Ordinary|shares|16|16|
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||||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|
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|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|
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|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|||||