2021-08-31-accounts

						Page
Reference and Administrative		Details				1—2
Trustees' Report						3-11
Governance Statement						12-20
Statement on Regularity, Propriety			and Compliance
Statement ofTrustees'	Responsibilities					22
Independent Auditor's	Report	on	the Financial	Statements		23-24
Independent Auditor's	Report	on	Regularity			25-26
Statement of Financial	Activities incorporating			Income and Expenditure	Account	27-28
Balance Sheet						29
Cash Flow Statement						30
Notes to the Financial	Statements,		incorporating:
Statement ofAccounting		Policies				31-35
Other Notes to the	Financial Statements					36-53

Secretary			P Mitchell
Senior managers
Principal/Accounting	Officer		L Edwards*
Deputy Head - Secondary			LWalters
Deputy Head - Primary			LGaskell
Director of Finance and		Administration	P Mitchell*
Registered Office			Cobbs Brow Lane
			Lath am
			L40 6JJ
			Tel; 01695729912
Company Registration		Number	1902341 (England	and Wales)

Trustee		Meetings attended	Out ofa possible
I Birnbaum	(Chair)
L Edwards	(Principal)
6 Evans
LWalters
M Ingram
R Buswell
LWilkinson
H Copplestone
J Smalley
J Bowler
V Ross
P Duckworth
CWinteringham
A O' Neill
J Duckett
R Trandafoiu
Non Trustee
P Mitchell	(Clerk)

Trustee	Meetings attended	Out ofa possible
I Birnbaum	6	6
LEdwards	6	6
R Buswell	5	6

for the year en	ded 3	1August 2021
		Unrestricted	Restricted	Restricted	Fixed	Tota I Funds	Total Funds
		Funds	Funds	Funds		2021	2020
	Note			E			f
Incoming Resources
Incoming Resources
from generating
funds
Voluntary income	3	11,873	22,986			34,859	27,878
Activities for
Generating funds	4	16,843				16,843	21,067
Investment
income		16						65
Incoming Resources
from charitable
activities
Funding for the
Academy trust's
educational
operations			1218282			1213282	1214036
Total incoming
Resources		28 732	1236268			E12~0QO	1	263046
Resources expended
Costs ofgenerating
Voluntary income	9		2,732			2,732		13,411
Fundraising
Trading		20,751	7,132			27,883		25,679
Charitable activities
Academy's
Educational
Operations	10	10,684	1,250,132			1,260,816	1,190,937
Governance costs	11		55087			~55 087		46029
Tota I resources
Expended	7	31435	1315083			1346518	1	276 056
Net incoming/
(outgoing) resources
Before transfers		(2,703)	(78,815)			(81,518)		(13,010)

for the year en	ded 31	August 2021
		Unrestricted	Restricted	Restricted Fixed	Total Funds	Total Funds
		Funds	Funds	Funds	2021	2020
	Note	f	f.	E	f
Net Incoming/
(outgoing) resources
Before transfers		(2,703)	(78,815)		(81,518)	(13,010)
Gross transfers
Between funds	18	~6090	14026	7936
Net Income/(expenditure)
Forthe year		(8,793)	(64,789)	(7,936)	(81,518)	(13,010)
Other recognised	gains
and losses
Actuarial	18,27		48 000		48 000
Net movement
In funds		(8,793)	(112,789)	(7,936)	(129,518)	(56,010)
Total funds
brought forward	18	149691	276 732	~723 529	696479	652 488
Total funds carried
forward at
31August		~140888	389521	~715593	466960	596478

BALANCE SHEE	T	at 31Aug	ust 2021
					2021	2021	2020	2020
				Notes	6	E		E
Fixed assets
Tangible assets				15		751,548		744,866
Current assets
Debtors				16	68,350		42,772
Cash at bank and	in	hand			202,168		288,053
					270,518		330,825
Liabilities
Creditors: Amounts		falling due within one year		17	(65,106)		(97,213)
Net current assets						205,412		233,612
Total assets fess	current liabilities					956,960		978,478
Pension scheme	liability			27		(490,000)		(382,000)
Net assets including		pension	liability			466,960		596,478
Funds ofthe academy trust:
Restricted income		funds
. Fixed asset fund				18	715,593		723,529
. General fund				18	100,479		105,268
.Pension reserve				18	(490,000)		(382,000)
Total restricted funds						326,072		446,797
Unrestricted income funds
.General fund				18	140,888		143,591
.Designated fund				18			6,090
Total unrestricted	funds					140,888		149,681
Total funds						466,960		596,478

for the year ended	31August	2021
					2021	2020
				Note
Net cash flow from	operating	activities		22	(51,286)	81,748
Returns on investments	and servicing offinance			23	16	65
Capital expenditure				24	(34,615)	(11,319)
Increase/(Decrease) in	cash in the	year		25	{85,885)	70,494
Reconciliation of net cash flow to		movement	in net funds
Net funds at 1September 2020					288,053	217,559
Net funds at 31August	2021				202,168	288,053

o	Freehold	buildings			1/o-25% Straight	Line
o	Fixtures,	fittings and equipment			25/0 Straight	Line
o	ICT equipment				33/0 Stra ight	Line
o	Minibus	(included	within	equipment)	25/0 Straight	Line

			2021	2020
			f.
2	GENERAL ANNUAL	GRANT (GAG)
	a. Results and Carry	Forward for the Year
	GAG brought forward	from last year	103,755	40,295
	GAG allocation for current year		1,205,113	1,200,079
	Total GAG available to spend		1,308,868	1,240,374
	Recurrent expenditure	from GAG	1,230,186	1,136,619
	GAG carried forward	to next year	78,712	103,755
	Maximum permitted	GAG carry forward at end of
	current year (12%of allocation for current year)		144,614	144,009
	GAG to surrender to	DfES	-65,902	-40,254
	(12%rule breached if result is positive)			(no breach)

			Unrestricted	Restricted	Total	Total
			Funds	Funds	2021	2020
			f	f	f	f
Private sponsorship		and donations
Miscellaneous	donations		11,160		11,160	13,698
Duke of Edinburgh				2,120	2,120	1,930
Europe Projects Income						3,457
Edna Linnell	Legacy			15,331	15,331
Miscellaneous	Income		713	5,535	6,248	8,793
			11,873	22,986	34,859	27,878

				Unrestricted	Restricted	Total	Total
				Funds	Funds	2021	2020
				f	f	f
	Fun draising			4,874		4,874	1,538
	Pupil Trips			727		727	4,320
	Uniform Sale			108		108	258
	Out of Hours Income			9,806		9,806	13,363
	Catering Income			885		885	411
	Bus Transfer Income						1,177
	Recipe Book
				16,843		16,843	21,067
5	iNVESTMENT INCOME
				Unrestricted	Restricted	Total	Total
				Funds	Funds	2021	2020
				f	f		f
	Bank Interest			16		16	65
6	FUNDING FOR	THE ACADEMY'S EDUCATIONAL			OPERATIONS
				Unrestricted	Restricted	Total	Total
				Funds	Funds	2021	2020
				f		f	f
	DfE/ESFA grants
	General Annual	Grant (GAG) (note 2)			1,205,113	1,205,113	1,200,079
					1,205,113	1,205,113	1,200,079
	Other Government		grants
	LocaI authority	grants			8,169	8,169	13,957
					1,213,282	1,213,282	1,214,036

						Staff
						Costs	Non Pay	Expenditure	Total	Total
								Other
							Premises	Costs	2021	2020
						f	f	f	f	f
Costs of activities		for generating			funds	17,899		9,984	27,883	5,679
Costs of generating		voluntary		income				2,733	2,733	13,411
Academy's	educational		operations
.Direct costs						799,606	13,064	112,116	924,786	864,643
.Allocated	support	costs				273,940	36,405	25,625	336,030	326,294
					1,091,445		49,529	150,458	1,291,432	1,230,027
Governance	costs	including
allocated support		costs				42,357		12,730	58,087	46,029
					1,133,802		49,529	163,188	1,346,519	1,276,056

Unrestricted	Restricted	Total	Total
Funds f	Fundsf	2021f	2020f
2,714	7,132	9,846	9,881
138		138	770
17,899		17,899	15,028
20,751	7,132	27,883	25,679

	Unrestricted	Restricted	Total	Total
	Funds	Funds	2021	2020
	f	f	f	f
TM Teaching		1,900	1,900	11,904
Duke of Edinburgh		832	832	1,507
		2,732	2,732	13,411

10 CHARITABLE ACTIVITIES —ACADEMY'S EDUCATIONAL	10 CHARITABLE ACTIVITIES —ACADEMY'S EDUCATIONAL	10 CHARITABLE ACTIVITIES —ACADEMY'S EDUCATIONAL	10 CHARITABLE ACTIVITIES —ACADEMY'S EDUCATIONAL	10 CHARITABLE ACTIVITIES —ACADEMY'S EDUCATIONAL	10 CHARITABLE ACTIVITIES —ACADEMY'S EDUCATIONAL	OPERATIONS	OPERATIONS
DIRECTCOSTS
			Unrestricted		Restricted		Total	Total
				Funds		Funds	2021	2020
						f
Teaching and educational		support staff costs			799,606		799,606	723,649
Depreciation						27,933	27,933	27,069
Technology costs						24,283	24,283	22,062
Books, apparatus	and stationery					40,91/	40,917	34,910
Examination fees						4,071	4,071	7,119
Staff development						2,217	2,217	2,744
Educational Visits				908			908	3,029
Other direct costs			9,154			15,698	24,852	44,061
			10,062		914,725		924,787	864,643
ALLOCATED SUPPORT		COSTS
Support staff costs					273,940		273,940	271,294
Pupil recruitment	and support					4,443	4,443	3,244
Maintenance of premises		and equipment				17,140	17,140	18,307
Cleaning						10,080	10,080	7,529
Rates						4,767	4,767	5,247
Heat and light						10,737	10,737	7,762
Insurance						4,449	4,449	4,500
Telephone						1,760	1,760	1,592
Transport						1,563	1,563	4,339
Technology costs						68	68	106
Bank charges						317	317	303
Other support costs				622		6,143	6,765	2,071
				632	275,407		336,029	326,294
ACADEMY'S EDUCATIONAI. OPERATIONS			10	684	1250 192 1260816			1190952
			39

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
		f	f	f	f.
Legal and professional	fees		4,442	4,442	4,903
Auditor's remuneration
.Audit of financial statements			4,750	4,750	4,750
.Other audit costs			3,538	3,538	3,538
Support Staff Costs			42,357	42,357	32,838
			55,087	55,087	46,029
12 STAFF COSTS
Staff costs comprise:				2021 f	2020
Wages and salaries				763,388	716,203
Social security costs				58,229	50,921
Other pension costs				229,993	217,978
				1,051,610	985,102
Supply teacher costs				64,292	42,586
Other Supply costs				17,899	15,029
Cleaning costs					92
TM teaching costs				1,900	11,904
				1,135,701	1,054,713

Charitable Ac	tivitie	s
						2021	2020
						No.	No.
Teachers						17	19
Administration	and	support	(including	Teaching	Assistants)	19	25
Management						3	3
						39	47

role as tru	stees. Th	e value oftruste	es' remuneration	was as follows:
I Edwards	(principal	and trustee):		E45,000 —f50,000(2020:E45,000 —f50,000)
M Ingram	(Head of	Cbe, Secondary	and trustee):	625,000 - 630,000(2020:f30,000 - 635,000)
LWalters	(Deputy	Head and trustee):		235,000 - f40,000(2020:E30,000 - 835,000)
H Copplestone				625,000 —833,000(2020:230,000 —635,000)

15 TANGIB	LE FIXEDASSE	TS
		Freehold			Computer
		Land and	Furniture	8	Equipment
		Buildings	Equipment		8 Software	Totalf
Cost
At 1September 2020		871,616	130,608		278,029	1,280,253
Additions		11,820	433		22,362	34,615
At 31August 2021		883,436	131,041		300,391	1,314,868
Depreciation
At 1September	2020	139,892	125,894		269,601	535,387
Charged in year		13,064	2,241		12,628	27,933
At 31August 2021		152,956	128,135		282,229	563,320
Net book vaiues
At 1September	2020	731,724	4,714		8,428	744,866
At 31August 2021		730,480	2,906		18,162	751,548
16 DEBTORS
					2021f	2020 f
Trade Debtors					5,905	3,947
Other Debtors					42,308	14,208
Prepayments and accrued income					20,137	24,617
					68,350	42,772
17 CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2021f	2020 f
Trade creditors					25,828	25,162
Other creditors					6,029	37,312
Accruals					7,300	7,300
Deferred income					25,949	27,439
					65,106	97,213

17 C	REDITORS: AMOUNTS FALLING DUE WITHIN	ONE YEAR (continued)
Deferred	income	2021	2020
Deferred	Income at 1September 2020	27,439	33,556
Resources	deferred in the year	25,949	27,439
Amounts	released from previous year	(27,439)	(33,556)
Deferred	Income at 31August 2021	25,949	27,439

18 FUNDS
		Balance			Gains	Balance at
		1 September 2020	Incoming resources	Resources Expended	losses and 31August Transfers 2021
		F	F
Restricted general	funds
General Annual Grant (GAG)		103,755	1,205,113	(1,238,092)	7,936	78,712
Other Government	Grant		8,169	(8,169)
Edna Linell —TIVI Teaching			15,331	(1,900)		13,431
Erasmus/Europe Project		1,090				1,090
Chromebooks/Photography			5,535			5,535
Duke of Edinburgh		423	2,].20	(832)		1,711
Restricted general	funds before
		105,268	1,236,268	(1,248,993)	7,936	100,479
Pension Reserve		(382,000)	-	(60,000)	(48,000)	(490,000)
		(276,732)	1,236,268 (1,308,993)		(40,064)	(389,521)
Restricted fixed asset funds
DfEScapital grants		723,529			(7,936)	715,593
Total Restricted Funds		446,797	1,236,268 (1,308,993)		(48,000)	326,072
Unrestricted funds
Unrestricted funds		143,591	28,732	(31,435)		140,888
Designated fund
Computer Fund		6,090		(6,090)
		596,478	1,265,000 (1,346,518)		(48,000)	466,960

			Restricted	Restricted
		Unrestricted	General	Fixed asset
		Funds	Funds	Funds	Total
Tangible	fixed assets	35,955		715,593	751,548
Current	assets	170,039	100,479		270,518
Current	Liabilities	(65,106)			(65,106)
Pension	Scheme Liability		~490 000		~490000
		140,888	(389,521)	715,593	466,960

	At 31August 2021t leases as follows:	he academy trust had	annual com	mitments und	er non-cancella	ble opera
					2021	2020
					f	E
	Other
	Expiring within two	to five years inclusive				3,459
	Expiring in over five	years-
						3,459
22	RECONCILIATION	OF NET INCOME TO	NET CASH	INFLOW
	FROM OPERATING ACTIVITIES
					2021	2020
	Net (expenditure)/income				(81,518)	(13,010)
	Depreciation (note	15)			27,933	27,069
	Interest receivable	(note 5)			(16)	(65)
	Defined benefit pension scheme cost less		contributions	payabie	60,000	60,000
	(Increasej/decrease	in debtors			(25,578)	(5,490)
	Increase/(decreasej	in creditors			(32,107)	13,244
	Net Cash (Outflow)/inflow from Operating		Activities		(51,286)	81,748

for th	e year ended 31August 2021	e year ended 31August 2021	e year ended 31August 2021	e year ended 31August 2021	e year ended 31August 2021
23	RETURNS ON INVESTMENTS AND SERVICING FINANCE
						2021	2020
						f	f
	Interest received					16	65
	Net cash inflow from returns		on Investment		and servicing of
	Finance					16	65
24	CAPITAL EXPENDITURE AND FINANCIAL				INVESTMENT
						2021f	2020f
	Purchase oftangible fixed assets					34,615	11,319
	Net cash outflow from	capital	expenditure	and financial
	Investment					34,615	11,319
25	ANALYSIS OF CHANGES	IN NET FUNDS
							At 31
					At 1September		August
					2020	Cash flows	2021
					f	f	f
	Cash in hand and at bank				288,053	(85,885)	202,168
					288,053	(85,885)	202,168

				At 31	At 31
				August	August
				2021	2020
Rate of	increase	in salaries		4,3%	3.80%
Rate of	increase	for pensions	in payment/inflation	2 9%	2.40'Yo
Discount	rate for	scheme liabilities		1.7%	1.80%
Inflation	assumption (CPI)			2.8%	2.30%
Commutation of		pensions to	lump sums
-Maximum Cash				50.00%	50.00'Yo
-3/80ths Cash				50.00%	50.00%

	At 31	At 31
	August	August
	2021	2020
Retiring today
Males	22.4	22,3
Females	25.1	25.0
Retiring in 20years
Males	23.9	23.8
Females	26.9	26.8

			At 31	At 31
			August	August
			2021	2020
			f000	f000
Sensitivity	Analysis
Discount	Rate+0, 1%		465	362
CP I rate +0.1%			516	402
Mortality	assumption	—1-year increase	527	408
Pay growth +0.1%			491	383

				Fair value at	Fair value at
				31August	31August
				2021	ZGZG
Equities				349,000	246,000
Other Bonds				37,000	37,000
Property				69,000	74,000
Cash/Liquidity				14,000	10,000
Other				221000	176000
Total market value		ofassets		690000	561'000
The actual return	on scheme assets was ESO,OQO (2020: loss-E4000)
AMOUNTS RECOGNISED IN THE STATEMENT OF FINANCIAL ACTIVITIES
				2021	2020
Current service cost (net ofemployee			contributions)	(108,000)	(103,000)
Total operating	charge			108000	103000
Analysis ofpension		finance income/(costs)
Expected return	on	pension scheme	assets	10,000	8,000
interest on pension		liabilities		~17000	~13000
Pension finance	income/(costs)

Movements in the present value of	defined	benefit
Obligations were as follows
			2G21	2020
				f
At 1September 2020			923,000	693,000
Current service cost (net ofemployee	contributions)		108,000	103,000
interest cost			17,000	13,000
Employee contributions			15,000	15,000
Past Service Cost (gain)
Actuarial (gain)/loss			120,000	102,000
Benefits/Transfers Paid			(3,000)	(3,000)
At 31August 2021			1,180,0GO	923,000
Movements in the fair value ofacademy's		share of	scheme assets:
			2021	2020
			f	f
At 1September			541,000	414,000
Interest income			10,000	8,000
Actuarial gain/(loss)			72,000	59,000
Administration Expenses			(2,000)	(2,000)
Employer contributions			57,000	50,000
Employee contributions			15,000	15,000
Benefits Paid			(3,000)	(3,000)
At 31August 2021			660 000	641000
Deficit in Scheme at 31August 2021			(490,000)	(382,000)