##
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|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||||
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##
##
|||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|
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|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|
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|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|
##
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|||||||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||||
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|||||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|
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||||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|
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|||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|
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|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|
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|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||
##
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|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|
##
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|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|
##
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|||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)||
##
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##
|||||||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|
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|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|