2022-07-31-accounts

Trustees		Mrs H Banks
		Mrs C Braid
		Rev A Hawes
		Mr B Holdsworth
		Mrs S Kerr-Dineen
		Mr A Riddington
		Mrs K Robertson
		Mr A Smith-Maxwell
		Mr R Thain
		Mr EWass	(Appointed		21 March 2022)
		Mr BWilson	(Appointed		12May 2022)
Secretary		Mr L Graham MRICS
Charity number		507070
Company	number	01348108
Principal address		Witham Hall
		Witham-on-the-Hill
		Bourne
		Lincolnshire
		United Kingdom
		PE10OJJ
Registered	office	Ruthlyn House
		90 Lincoln Road
		Peterborough
		Cambridgeshire
		United Kingdom
		PE1 2SP
Auditor		Azets Audit Services
		Ruthlyn House
		90 Lincoln Road
		Peterborough
		United Kingdom
		PE1 2SP
Bankers		Handelsbanken	Lloyds	Bank
		Future House	65 High	Street
		4Axon Business Park	Stamford
		Commerce Road	Lincolnshire
		Lynchwood	United	Kingdom
		Peterborough	PE92AT
		Cambridgeshire
		United Kingdom
		PE2 6LR

		Page
Trustees' report
Statement oftrustees'	responsibilities
Independent auditor's	report	8- to
Statement offinancial	activities	11-12
Balance sheet		13
Statement ofcash flows		14
Notes to the financial	statements	15-29

Current financial year
		Unrestricted	Restricted	Total	Total
		funds	funds
	Notes	2022 6	2022	2022 F	2021f
Donations and legacies		1,215	1,843	3,058	8,416
Chaditable activities		4,540,775		4,540,775	4,035,154
Other trading activities		40,944		40,944	44,761
Investments		2,236		2,236	440
Other income		23,003		23,003	137,711
Total income		4,608,173	1,843	4,610,016	4,226,482
~Ex CtUitttgJtg
Baiainkfggtta
Fundraising and publicity		26,019		26,019	20,004
Uniform shop expenditure		38,561		38,561	36,825
		64,580		64,580	56,829
Charitable activities	9	4,450,306	1,843	4,452,149	4,138,309
Total expenditure		4,514,886	1,843	4,516,729	4,195,138
Net income for the year/
Net movement in funds		93,287		93,287	31,344
Fund balances at 1 August 2021		5,285,234		5,285,234	5,253,890
Fund balances at 31 July 2022		5,378,521		5,378,521	5,285,234

Prior financial year
			Unrestricted	Restricted	Total
			funds	funds
			2021	2021	2021
		Notes	8		8
an	fo
Donations and legacies			1,418	6,998	8,416
Charitable activities			4,035,154		4,035,154
Other trading activities			44,761		44,761
Investments			440		440
Other income			137,711		137,711
Total income			4,219,484	6,998	4,226,482
Ezngnttinttaun;
~Riatng
Fundraising and publicity			15,254	4,750	20,004
Uniform shop expenditure			36,825		36,825
			52,079	4,750	56,829
Charitable activities		9	4,131,311	6,998	4,138,309
Total expenditure			4,183,390	11,748	4,195,138
Net income for the year/
Net movement in funds			36,094	(4,750)	31,344
Fund balances at 1August	2020		5,249,140	4,750	5,253,890
Fund balances at 31 July	2021		5,285,234		5,285,234

						2022		2021
					Notes	8		6
Fixed assets
Tangible assets					13		5,795,293		5,795,039
Current assets
Stocks					15	40,560		38,489
Debtors					16	343,383		317,304
Cash at bank and		in	hand			648,878		644,393
						1,032,821		1,000,186
Creditors: amounts			falling	due within	18
one year						(1,031,512)		(986,588)
Net current assets							1,309		13,598
Total assets less		current liabilities					5,796,602		5,808,637
Creditors: amounts			falling	due after	19
more than one	year						(418,081)		(523,403)
Net assets							5,378,521		5,285,234
Income funds vJltitdt	d
Designated funds					22	4,660,610		4,412,716
General unrestricted			funds			717,911		872,518
							5,378,521		5,285,234
							5,378,521		5,285,234
The acco ts were approved				by the Trustees on		......4....l...........
Mr A Riddingt						Mr EWass
Trustee						Trustee

				2022		2021
			Notes	F.		6
Cash flows from operating		activities
Cash generated from operations			28		456,615		405,184
Investing	activities
Purchase	oftangible fixed assets			(379,366)		(205,861)
Interest received				2,236		440
Net cash	used in investing	activities			(377,130)		(205,421)
Financing	activities
Movement	ofbank loans			(75,000)		(75,000)
Net cash	used in financing	activities			(75,000)		(75,000)
Net increase in cash and		cash equivalents			4,485		124,763
Cash and	cash equivalents	at beginning	ofyear		644,393		519,630
Cash and	cash equivalents	at end of	year		648,878		644,393

			2022	2021
			6	6
	Schoolfees		4,053,248	3,725,859
	Fees from rechargeables		364,276	221,985
	Fees from other income		123,251	87,310
			4,540,775	4,035,154
5	Other	trading activities
			Unrestricted	Unrestricted
			funds	funds
			2022	2021
				5
	Trading	activities	40,944	44,761
6	investments

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			6	f.
Rental income			1,800
Bank interest	received		436	440
			2,236	440
Other income
			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			6	6
Other income			22,431	30,045
Coronavirus	job retention	scheme income	572	107,666
			23,003	137,711

		Unrestricted	Unrestricted	Restricted	Total
		funds	funds	funds
		2022 f	2021 f	2021 f	2021 f
and	ublicit
Other fundraising	costs	3,940		185	185
Staff costs		22,079	15,254	4,565	19,819
Fundraising and publicity		26,019	15,254	4,750	20,004
Cost ofgoods		30,820	31,490		31,490
Staff costs		7,741	5,335		5,335
Uniform shop expenditure		38,561	36,825		36,825
		64,580	52,079	4,750	56,829
Charitable activities
				2022f	2021 f
Teaching salaries				1,717,785	1,708,437
Teaching costs				123,877	127,859
Rechargeable items				348,625	204,675
Welfare				393,538	337,693
				2,583,825	2,378,664
Support costs (see note 10)				1,835,802	1,731,782
Governance costs	(see note 10)			32,522	27,863
				4,452,149	4,138,309
Analysis by fund
Unrestricted funds				4,450,306	4,131,311
Restricted funds				1,843	6,998
				4,452,149	4,138,309

Support co		sts
			Support	Governance	2022	2021
			costs	costs
			F	6
Depreciation		and loss on disposal offixed assets	379,112		379,112	346,142
Estates			863,698		863,698	799,832
Vehicles and		travel	50,978		50,978	17,567
Administration			413,689		413,689	411,689
Staffing costs			88,849		88,849	77,536
Fundraising		disbursed	1,883		1,883	3,532
Provisions						34,295
Finance and		bank charges	37,593		37,593	41,189
Audit fees				10,296	10,296	9,570
Legal and professional				21,953	21,953	18,293
Governors'	expenses			273	273
			1,835,802	32,522	1,868,324	1,759,645

The avera	ge monthl	y number	ofemp	loyees during the year w	as:
					2022	2021
					Number	Number
Teachers,	matrons	and administrative		staff	81	82
Domestic,	estates and ground		staff		18	17
					99	99
Employment costs					2022	2021
					6	Z
Wages and salaries					2,337,501	2,219,403
Social security costs					210,472	198,959
Other pension costs					262,355	256,913
					2,810,328	2,675,275

more we	re	:
			2022	2021
			Number	Number
F70,001	-	F80,000	1	2
580,001	-	590,000	1

13	Tangible fixed assets	Tangible fixed assets
					Land and	Assets under	Equipment,	Motor	Total
					buildings	construction	furniture	vehicles
						f	and fittings 6	6
	Cost
	At 1 August 2021				7,261,650	15,076	1,880,311	164,392	9,321,429
	Additions				215,896	41,313	122,157		379,366
	Transfer ofassets	under construction
	now completed				14,092	(14,092)
	At 31 July 2022				7,491,638	42,297	2,002,468	164,392	9,700,795
	Depreciation and	impairment
	At 1 August 2021				2,012,667		1,401,115	112,608	3,526,390
	Depreciation charged		in the year		227,600		137,944	13,568	379,112
	At 31 July 2022				2,240,267		1,539,059	126,176	3,905,502
	Carrying amount
	At 31 July 2022				5,251,371	42,297	463,409	38,216	5,795,293
	At 31 July 2021				5,248,983	15,076	479,196	51,784	5,795,039
14	Financial instruments							2022	2021
								K
	Carrying amount	offinancial		assets
	Trade debtors							163,951	150,337
	Cash at bank and	in hand						648,878	644,393
	Measured at cost							812,829	794,730
	Carrying amount	offinancial		liabilities
	Bank loans							381,250	456,250
	Fees in advance scheme							260,717	388,721
	Deposits held							285,000	292,000
	Trade creditors							83,587	134,103
	Other creditors							117,982	77,138
	Accruals							86,698	57,581
	Measured at cost							1,215,234	1,405,793
15	Stocks							2022	2021
								6
	Goods for resale							40,560	38,489

16	Debtors
							2022	2021
	Amounts falling due			within one	year:		6	f
	Trade debtors						163,951	150,337
	Prepayments	and accrued income					179,432	166,967
							343,383	317,304
17	Loans and overdrafts
							2022	2021
							6	6
	Bank loans						381,250	456,250
	Payable within	one year					75,000	75,O0O
	Payable after	one year					306,250	381,250
	The long-term	loans	are secured		by fixed and floating charges	over the charitable	company.
18	Creditors: amounts		falling due		within one year
							2022	2021
						Notes	6	6
	Loans and overdrafts					17	75,000	75,000
	Other taxation	and social security					56,918
	Fees in advance scheme					20	148,886	246,568
	Payments received		on	account			177,441	104,198
	Deposits held						285,000	292,000
	Trade creditors						83,587	134,103
	Other creditors						117,982	77,138
	Accruals and deferred			income			86,698	57,581
							1,031,512	986,588
19	Creditors: amounts		falling due		after more than one year
							2022	2021
						Notes	6	f
	Bank loans					17	306,250	381,250
	Feesin advance scheme					20	111,831	142,153
							418,081	523,403

		2022	2021f
Fees in advance	as at 31 July 2021	388,721	498,651
New deposits			67,348
Fees payments	/ refunds	(147,911)	(199,712)
Discounts given	against fees	19,907	22,434
		260,717	388,721

			Movement	in funds		Movement	in funds
		Balance at	Income	Expenditure	Balance at	Income	Expenditure	Balance at
		1 August 2020 f	f	f	1 August 2021 f	f	f	31July 2022 f
Old Witham
Association
fund		4,750		(4,750)
Charity	fund		3,248	(3,248)		1,843	(1,843)
Donations
towards	the
2017sports
centre			3,750	(3,750)
		4,750	6,998	(11,748)		1,843	(1,843)

						2022	2021
						F	5
	Within one	year				15,711	24,111
	Between two and five		years			48,466	45,526
	In over five	years				7,792	12,042
						71,969	81,679
25	Capital commitments					2022	2021
						E	5
	At 31 July 2022 the charity had			capital commitments	as follows:
	Contracted	for but not	provided	in the financial statements:
	Acquisition	of property,	plant and equipment			34,895

		2022	2021
		6	6
Aggregate	compensation	426,655	387,135

28	Cash generated from operations				2022	2021f
	Surplus for the year				93,287	31,344
	Adjustments for:
	Investment income recognised in profit		or loss		(2,236)	(440)
	(Gain)/loss on disposal oftangible	fixed	assets			7,202
	Depreciation and impairment oftangible		fixed assets		379,112	338,940
	Movements in working capital:
	(Increase) in stocks				(2,071)	(4,333)
	(Increase) in debtors				(26,079)	(29,279)
	Increase in creditors				142,606	171,680
	(Decrease) in fees in advance				(128,004)	(109,930)
	Cash generated from operations				456,615	405,184
29	Analysis ofchanges in net funds
				At 1August 2021	Cash flows	At 31July 2022
				8	5	8
	Cash at bank and in hand			644,393	4,485	648,878
	Loans falling due within one year			(75,000)		(75,000)
	Loans falling due after more than one year			(381,250)	75,000	(306,250)
				188,143	79,485	267,628