2022-07-31-accounts - Leicester High School Charitable Trust Limited

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Governors		Mrs M Neilson
		Mr J AAllen FCA
		Mr M Dunkley	LLB (Hone) TEP (Chair)
		Mrs S Siesage	BA(Hone) PGCE MBA NPQH
		Mrs J E Carroll	BA(Hone) PG Cert (Vice Chair)		(Appointed	10September 2021)
		Ms C Salmon BA(Hone)			(Appomted	11 October 2021)
Secretary	and Bursar	E Mackay
Headmaster		Mr A Whelpdale	BA PGCE NPQH
Charity number		503982
Company	number	01204450
Registered	office	454 London Road
		Leicester
		LE22PP
Auditor		Somerbys Limited
		30 Nelson Street
		Leicester
		LE1 7BA
Bankers		HSBC Pic
		2-6 Gallowtree	Gate
		Leicester
		LE1 1DA
		Handelsbanken
		Provincial House
		37 New Walk
		Leicester
		LE1 6TU
Solicitors		Shakespeare Martineau		LLP
		Two Colton Square
		Leicester
		LE1 1QH

			Page
Governors'	report		1-7
Statement	of Governors' responsibilities
independent	auditor's	report	9-11
Statement	offinancial	activities	12 - 13
Balance sheet
Statement	ofcash flows		15
Notes to the financial		statements	16-28

Currentfinancial year
				Unrestricted	Restricted	Total	Total
				funds	funds
			Notes	2022 f	2022 f	2022f	2021f
Income and endowments		from:
Donations and legacies			3	2,281	13,646	15,927	14,677
Income from charitable activities			4	3,716,023		3,716,023	3,524,625
Investments			5	466		466	122
Other income			6				78,358
Total income				3,718,770	13,646	3,732,416	3,617,782
~E
Expenditure on chantable		activities	7	3,640,903	13,646	3,654,549	3,504,633
Finance costs				39,304		39,304	41,432
Total resources expended				3,680,207	13,646	3,693,853	3,546,065
Net income for the yea ri
Net incoming resources				38,563		38,563	71,717
Other recognised gains	and losses
Revaluation oftangible fixed assets							(350,242)
Actuarial loss on defined	benefit pension schemes			(23,291)		(23,291)
Net movement in funds				15,272		15,272	(278,525)
Fund balances at 1 August		2021		4,212,675		4,212,675	4,491,200
Fund balances at 31 July		2022		4,227,947		4,227,947	4,212,675

Prior financial	year
				Unrestricted	Restricted	Total
				funds	funds
				2021	2021	2021
			Notes	6	6
Income and endowments		from:
Donations and	legacies			2,001	12,676	14,677
Income from charitable activities				3,524,625		3,524,625
Investments				122		122
Other income				78,358		78,358
Total income				3,605,106	12,676	3,617,782
E di
Expenditure on	charitable activities			3,491,957	12,676	3,504,633
Finance costs				41,432		41,432
Total resources expended				3,533,389	12,676	3,546,065
Net incoming	resources			71,717		71,717
Other recognised gains and losses
Revaluation of	tangible fixed assets			(350,242)		(350,242)
Net movement	in funds			(278,525)		(278,525)
Fund balances	at 1 August	2020		4,491,200		4,491,200
Fund balances	at 31 July	2021		4,212,675		4,212,675

			2022	2021
		Notes
Fixed assets
Tangible assets		12	4,951,265	4,967,632
Current assets
Debtors		14	331,763	275,748
Cash at bank and in	hand		846,623	929,767
			1,178,386	1,205,515
Creditors: amounts	falling due within	15
one year			(404,767)	(364,994)
Nei current assets			773,619	840,521
Total assets less current liabilities			5,724,884	5,808,153
Creditors: amounts	falling due after
more than one year			(1,496,937)	(1,595,478)
Net assets			4,227,947	4,212,675
Income funds
Unrestricted funds			4,227,947	4,212,675
			4,227,947	4,212,675

				2022		2021
			Notes			6
Cash flows from operating		activities
Cash generated from operations			22		42,079		154,129
Investing activities
Purchase of tangible fixed	assets			(29,157)		(40,196)
Interest received				466		122
Net cash used in investing		activities			(28,691)		(40,074)
Financing activities
Repayment of bank loans				(96,532)		(78,595)
Net cash used in financing		activities			(96,532)		(78,595)
Net (decrease)/increase	in	cash and	cash
equivalents					(83,144)		35,460
Cash and cash equivalents		at beginning	ofyear		929,767		894,307
Cash and cash equivalents		at end of	year		846,623		929,767

				Unrestricted	Restricted	Total	Total
				funds	funds	2022	2021
				5	5	6	5
Miscellaneous	donations			31	13,646	13,677	12,676
Donated deposits		from leaving	pupils	2,250		2,250	1,750
Gift Aid							251
				2,281	13,646	15,927	14,677

				School fees	Less:total	School	Total	Total
					boraaries,	trips/meals	2022	2C21
					grants end	and other
					allowances	income
						f
income	for	the	year	3,872,336	(371,050)	214,737	3,716,023	3,524,625

				Total	Unrestricted
					funds
				2022	2021
				8	5
Job	Retention	Scheme	Grant		78,358

		Teaching	Premises	Welfare	Support	Total	Total
					costs of	2022	2021
					schooling
Staffcosts		2,321,159	148,269	73,318	327,904	2,870,650	2,904,556
Depreciation			45,524			45,524	58,626
Other costs		210,078	243,538	48,067	190,027	691,710	493,955
		2,531,237	437.331	121,385	517,931	3,607,884	3,457,137
Governance	costs				46,665	46,665	47,496
		2,531,237	437,331	121,385	564,596	3,654,549	3,504,633

The average	number ofem	ployees	during	the year was:
							2022	2021
Teaching							41	43
Non-teaching							49	50
							90
Employment	costs						2022	2021
							E	E
Wages and salaries							2,257,654	2,289,651
Somal security costs							218,038	214,387
Other pension costs							394,958	400,518
							2,870,650	2,904,556
The number	of employees	whose	annual	remuneration	(excluding	pension
contributions)	was E60,000	or more	were:
							2022	2021
							Number	Number
Between E60,000 and E70,000							1	1
Between E90,000 and 6100,000							1	1

Tangible fixed assets	Tangible fixed assets
		Land and	Fixtures, Motor vehicles		Total
		buildings	fittings &
			equipment
			8	8
Cost or valuation
At 1 August 2021		4,850,000	1,771,304	30,831	6,652,135
Additions			29,157		29,157
At 31 July 2022		4,850,000	1,800,461	30,831	6,681,292
Depreciation
At 1 August 2021			1,653,672	30,831	1,684,503
Depreciation charged	in the year		45,524		45,524
At 31 July 2022			1,699,196	30,831	1,730,027
Carrying amount
At 31 July 2022		4,850,000	101,265		4,951,265
At 31 July 2021		4,850,000	117,632		4,967,632

14	Debtors
				2022	2021
	Amounts falling due		within one year:	8	8
	Trade debtors			232,114	194,314
	Prepayments	and accrued income		99,649	81,434
				331,763	275,748
15	Creditors: amounts		falling due within one year
				2022	2021
				5
	Loans and overdrafts			98,870	96,611
	Taxation and soaal security			55,449	51,104
	Fees received	in advance		6,168	15,616
	Trade creditors			42,068	33,939
	Other creditors			119,684	97,369
	Accruals and deferred		income	82,528	70,355
				404,767	364,994

Creditors: amounts falling due after more than one year
	2022	2021
	E
Bankloans	1,419,437	1,518,228
Repayable deposits	77,500	77,250
	1,496,937	1,595,478
Loan maturity analysis
In more than one year but not more than two years	101,244	98,870
In more than two years but not more than five years	988,151	1,053,765
In more than five years	330,042	365,593
	1,419,437	1,518,228

		Movement	Movement	funds			Movement	Movement	in funds
			Incoming	Resources		Balance at		Incoming	Resources	Balance at
			resoumes	expended	1	August 2021	resources		expended	31July 2022
				f				6	5	6
Donation	towards	sixth
form scholarship			12,526	(12,526)				12,526	(12,526)
Donation	towards	bursary
fund			150	(150)				120	(120)
Donation	towards	drama
and music subjects								1,000	(1,000)
			12,676	(12,676)				13,646	(13,646)
Analysis	ofnet assets between		funds
						Unrestricted		Restricted		Total
								6
Fund balances at 31 July 2022 are represented				by.
Tangible	assets					4,951,265				4,951,265
Current assets						773,619				773,619
Long term liabilities						(1,496,937)				(1,496,937)
						4,227,	947			4,227,947


22	Cash generated from operations					2022	2021
						6	6
	Surplus/(deficit) for the year					38,563	71,717
	Adjustments for:
	Investment income recognised in statement		offinancial	activities		(466)	(122)
	Depreciation and impairment oftangible	fixed assets				45,524	58,626
	Difference between pension charge and	cash contributions				(23,291)
	Movements in working capital:
	(Increase)/decrease in debtors					(56,015)	26,155
	Increase/(decrease) in creditors					37,764	(2,247)
	Cash generated from operations					42,079	154,129
23	Analysis ofchanges in net (debt)/funds
				At 1August	2021	Cash flaws	At 31July 2022
					6	6	6
	Cash at bank and in hand			929,767		(83,144)	846,623
	Loans falling due within one year			(96,611)		(2,259)	(98,870)
	Loans falling due after more than one year			(1,518,228)		98,791	(1,419,437)
				(685,072)		13,388	(671,684)

24 Pension and other post-retirement	24 Pension and other post-retirement	24 Pension and other post-retirement		benefit	commitments			(Continued)
PRESENT VALUES OF PROVISION
						31 July 2022	31July 2021	31 July 2020
							2	K
Present value ofprovision						49,681	29,211	32,232
RECONCILIATION	OF OPENING AND CLOSING				PROVISIONS
						31July 2022		31 July 2021
								6
Provision at start of period						29,211		32,232
Unwinding ofthe discount factor		(interest	expense)			288		257
Deficit contribution	paid					(3,109)		(3,019)
Remeasurements	- impact ofany change		in	assumptions		(5,649)		(259)
Remeasurements	-amendments	to the contribution			schedule	28,940
Provision at end ofperiod						49,681		29,211
INCOME AND EXPENDITURE IMPACT
						31 July 2022	31 July 2021
								8
Interest expense						288		257
Remeasurements	—impact of any change		in	assumptions		(5,649)		(259)
Remeasurements	-amendments	to the contnbution			schedule	28,940
Costs recognised	in income and	expenditure		account		20,941		20,104

Year	ending	2022	31 July 2021	31July 2020
		6	6	5
Year	1	4,994	3,109	3,019
Year	2	5,307	3,202	3,109
Year	3	5,466	3,299	3,202
Year	4	5,630	3,397	3,299
Year	5	5,799	3,499	3,397
Year	6	5,973	3,604	3,499
Year	7	6,152	3,713	3,604
Year	8	6,337	3,824	3,713
Year	9	6,527	2,952	3,824
Year	10	6,161		2,952
Year	11
Year	12
Year	13
Year	14
Year	15
Year	16
Year	17
Year	18
Year	19
Year	20