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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|
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|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|
##
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|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|
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||||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|
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|||||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|
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|||||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|
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|||||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|
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|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|
##
|12|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|
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|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|
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|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|
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|||Movement|Movement|in|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|
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|||||||||
|---|---|---|---|---|---|---|---|
|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)|
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|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|
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|Year|ending|31|July|2022|31 July 2021|31July 2020|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|||||||