2022-08-31-accounts

			Page
Letter from the Chair of Governors
Report ofthe	Governors and Strategic Report		3to 22
Report ofthe	Independent Auditor		23to 26
Statement of	Consolidated Financial	Activities	27
Consolidated	and company balance	sheets	28
Consolidated	Cash Flow Statement		29
Notes to the	Consolidated Cash Flow Statement		30
Notes to the	Financial Statements		31to 44

Harfford Northwich Cheshire CW8 1LU Governors
N Brou harn			Consultin Actua
J W Sim son			Chartered Surve r
M Newsholme			Chartered Accountant
NA Ja atilake			Communi Paediatrician
T Brocklebank			Consultant
J Llewell n			Chief Financial Officer
A Rae			Inde endent Advisor
TSher			TV Executive
V Fleetwood			La er
SBe			Architect
T Pollard			Headteacher —retired
Oliver Matthews			Finance Professional A		ointed 8e June 2022
Phili Tabb			Mana in Director A	ointed8'" June 2022
Helen Go	ill		HR Professional A ointed 8'" June 2022
Sarah E lin			HR Professional A ointed 8e June 2022
The following	Governors	served	during the financial year and have subsequently		resigned
D Akka			Com an Director Resi		ned8eA	ril2022
EArnot			HR Consultant / Director	(Resigned		8'" June
			2022
N Parkinson			IT Programme/Project Manager (Resigned 8'"
			June 2022

					2022	2021
					Total	Total
					Unrestricted	Unrestricted
					funds	funds
				Note	E	E
INCOME FROM:
Charitable activities
School fees					12,683,034	11,909,266
Ancillary trading income					1,293,043	1,046,989
Other trading activities
Non-Ancillary trading	income				178,419	77,708
Investment income					17,920	1,512
Total incoming resources					14172416	13535475
EXPENDITURE ON:
Raising funds
Cost of activities for generating			funds		87,781	55,203
Charitable activities
Education					12,794,282	11,616,364
Total expenditure					12,882,063	11,671,567
NET INCOMING RESOURCES					1,290,353	1,363,908
Other recognised gains
Movement in valuation		on interest rate swap			352,020
					1 642373	1 363908
RECONCILIATION OF		FUNDS
Total funds brought	forward				25,494,556	24,130,648
TOTAL FUNDS CARRIED FORWARD					RL136929	25494~

		Consolidated	Consolidated		Schooi
	Notes
		2022	2021	2022	2021
		8		6
FIXEDASSETS
Tangible assets	12	24,745,839	24,909,377	24,745,839	24,909,377
Fixed asset investments	13			1	1
		24,745,839	24,909,377	24,745,840	24,909,378
CURRENT ASSETS
Stocks	14	16,706	10,951	16,706	10,951
Debtors: amounts falling due within one	15	569,003	185,601	606,083	211,208
year
Cash at bank and in hand		7,150,566	6,196,873	7,043,209	6,138,148
		7,736,275	6,393,425	7,665,998	6,360,307
CREDITORS: due within one year	16	(2,193,778)	(2,212,265)	(2,188,372)	(2,201,576)
NET CURRENT ASSETS		5,542,497	4,181,160	5,477,626	4,158,731
TOTAL ASSETS LESSCURRENT		30,288,336	29,090,537	30,223,466	29,068,109
LIABILITIES
CREDITORS: due after more than one	17	(3,151,407)	(3,595,981)	(3,151,407)	(3,595,981)
year
NET ASSETS		27,136,929	25,494,556	27,072,059	25,472,128
TOTAL UNRESTRICTED FUNDS	23	27,136,929	25,494,556	27,072,059	25,472,128

				2022	2021
			Note
Net cash inflow from operations
Net cash provided	by operating
activities				2,311,116	2,647,944
Cash flows from	investing
activities
Interest received				17,920	1,512
Interest paid Purchase oftangible fixed assets				(100,719) ~799624,	(92,148) ~486,872
				(882,423)	(577,508)
Cash flows from	financing
activities
New loan in the year Loan repayments in the year				~475,666	~475859
				(475,000)	(475,000)
Change in cash and cash				953,693	1,595,436
equivalents in the reporting
period
Cash and cash equivalents		at the		6,196,873	4,601,437
beginning ofthe	period
Cash and cash equivalents		at the	2
end ofthe period				7,150,566	6,196,873

ACTIVITIES
			2022	2021
Net incoming resources			1,290,353	1,363,907
Depreciation charges			962,372	931,519
(Profit)/loss on sale ofassets			790
Interest received			(17,920)	(1,512)
Interest paid			100,719	92,148
(Increase)/decrease	in stocks		(5,754)	(4,180)
Decrease/(increase)	in debtors		(31,382)	66,056
Increase/(decrease)	in creditors		11,938	200,006
Net cash inflow from operating		activities	2,311,116	2,647,944
ANALYSIS OF CASH AND CASH EQUIVALENTS
			2022	2021
				E
Cash at bank			7,150,566	6,166,673

		At 1 September	Cash flow	At 31August
		2021		2022
		E		E
Cash	at bank	6,196,873	953,693	7,150,566
Bank	loan due in less than one year	(475,000)		(475,000)
Bank	loan due in greater than one year	(3,443,750)	475,000	(2,968,750)
		2,278,123	1,428,693	3,706,816

			2022	2021
	Commission	on school photographs	1,653	1,432
	Lettings		131,855	74,927
	Theatre income		44,911	1,349
			178,419	77,708
3.	INVESTMENT INCOME
			2022	2021
	Deposit account interest		17,920	1,512
			~17 2

				2022	2021
				E	F
Gross	Fees			13,681,684	12,862,512
Less:	fee assistance,	discounts	and scholarships	~998650	~953246
Total	School fees

	2022	2021
	6
Catering income	552,736	403,040
Bus income	315,586	239,193
Fees Refund Scheme	33,813	34,129
Sundowners	202,028	85,622
Speech and drama	62,800	64,787
Registration fees	14,549	14,501
CJRS income		173,536
Other income	111,531	32,181

ANALYSIS	O	F E	XPEND	ITURE	ITURE	ITURE
				Staff Costs			Depreciation	Other costs		Total	Total
										2022	2021
Charitable										6
expenditure
Education
Teaching					7,381,861			768,936	8,150,797		7,482,700
Premises					433,149		598,154	1,047,314	2,078,617		1,905,132
Support and					770,943		364,218	464,781	1,599,942		1,473,691
governance	costs
Welfare					341,512			621,082		962,594	753,404
Grants, awards		&						2332		2 332	1,437
prizes
					8,927,465		962,372	2,904,445	12,794,282		11,616,364
GOVERNANCE COSTS INCLUDED						IN SUPPORT COSTS
								2022f			2021
Staff costs								20,380			19,383
Legal and	professional fees							91,345			57,694
Auditors Remuneration				—Audit				12,960			10,506
Auditors Remuneration Other governance costs				—Non-Audit				1,074 ~3107			5,783 6764
NET INCOMING			RESOURCES
Net incoming		resources are			stated after charging:
									2022		2021
									8		F
Operating	lease costs —land				and buildings						5,500
Operating	lease costs - equipment								14,606		19,626
Depreciation		-owned assets						962,372			931,519

STAFF COSTS
					2022	2021
					K
Wages and salaries					7,027,141	6,568,035
Social security costs					681,298	597,954
Other pension costs					1,171,802	1,118,997
					8,880,241	8284	888
Aggregate employee	benefits	of key	management personnel		52213	~11
The average monthly	number	ofemployees		during the year was as	follows:
					2022	2021
Teaching					167		158
Administration					22		23
Catering, cleaning and maintenance					69		67
Trading subsidiary					5		4
					263		252
The average monthly	number	ofemployees		on a full time equivalent	basis during the year was:
					2022	2021
Teaching					135		133
Administration					22		22
Catering, cleaning and maintenance					43		42
Trading company					1		1
					201		198
The number of higher	paid employees		in bands of:-
					2022	2021
F60,000to K69,999					1	1
f70,000 tof79,999
F80,000to889,999
L90,000 to899,999					2	1
8130,000tof139,999
K140,000to F149,999

12. TANGIBLE	FIXEDASSETS —CONSOLIDATED AND	FIXEDASSETS —CONSOLIDATED AND	FIXEDASSETS —CONSOLIDATED AND	SCHOOL	SCHOOL
		Freehold	Assets In		Fixtures and	Motor
		Property E	course of construction		Fittingsf	Vehicles E		Totals E
				E
COST
At 1 September	2021	32,468,769	102,973		6,373,239	160,357	39,105,338
Disposals					(58,452)			(58,452)
Additions			212 985		586640			799625
At 31 August 2022			~18		5991427
DEPRECIATION
At 1 September	2021	9,191,289			4,866,020	138,652	14,195,961
Charge for the year		544,895			401,187	16,291		962,373
Disposals					~57662			~57662
At 31 August 2022							15	100672
NET BOOK VALUE
At 31 August 2022		22~72~5
At 31 August 2021						21 7
13. FIXEDASSET INVESTMENTS
						Investment		in
							subsidiary
							company

		Consolidated	Consolidated	School	School
		2022	2021	2022	2021
				E	E
Fees outstanding		15,590	33,334	15,290	33,334
Amounts owed by group undertakings				42,223	30,144
Other debtors		70,601	73,200	65,758	68,663
Interest rate swap		352,020		352,020
Prepayments and accrued	income	130792 56RQQ3	79067 ~	130792 ~	79067 ~211 2
CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE		YEAR
		Consolidated		School
		2022	2021	2022	2021
				E	5
Bank loans and overdrafts		475,000	475,000	475,000	475,000
(see note 18&19)
Trade creditors		359,409	451,117	359,409	451,117
Social security and other taxes		171,332	162,553	169,437	157,212
Other creditors		149,496	183,174	145,985	177,826
Deferred income —fees in advance		238,650	235,540	238,650	235,540
Accrued expenses		799891	704881	799891	704 881
		~19 7	4~65

CREDITORS: AMOUNTS FALLING D	UE AFTER MORE THAN ONE YE	UE AFTER MORE THAN ONE YE	AR
	Consolidated			School
	2022	2021	2022		2021
	8		E		8
Bank loans (see notes 18&19)	2,968,750	3,443,750	2,968,750		3,443,750
Deferred income —fees in advance	182657 ~7	152231 ~1	182	657	152231

			Consolidated		School
			2022	2021 6	2022	2021f
Bank	loans	3	443750		3443750	~17 0

An analysis ofthe maturity	of	loans is given below:
			2022	2021
			8
Amounts falling due within	one year or on demand:
Bank loans			475,000	475,000
Amounts falling between	one	and two years:
Bank loans - 1-2years			475,000	475,000
Amounts falling due between		two and five years:
Bank loans - 2-5years			1,425,000	1,425,000
Amounts falling due after	more than 5years:
Bank loans more than 5years			1,068,750	1~543,750

The future minimum lease payments under non-canc	ellable operating leases are as follows:
	Other operating	leases
	2022	2021
		6
Less than one year	15,502	14,090
Between two and five years	10,686	10,648
After five years		8523

upils will	remain in the Sc	hool, fees in advance will be app	lied as follows:
			2022	2021
			8
After 5years				23,349
Within two to five years			102,629	85,684
Within one to two years			80,028	43,199
			182,657	152,232
Within one year			101,456	93,073
			284,113	245,305
Summary	ofmovements	in liability		8
Balance	at 1 September	2021		245,305
New contracts				157,917
Contracts	refunded
Amounts	used to pay fees			(119,109)
Balance	at 31August 2022			284,113

Group				At 1			Transfers	At 31
				September	Incoming	Resources	between	August
				2021	resources	expended	funds	2022
						F	6
Unrestricted		funds
General	fund			25,494,556	14,524,436	(12,882,063)		27,136,929
Total funds				25,494,556	14,524,436	12,882,063		27,136,929
School				At 1			Transfers	At 31
				September	Incoming	Resources	between	August
				2021	resources	expended	funds	2022
					6			8
Unrestricted		funds
General	fund			25,472,128	14,396,522	(12,796,591)		27,072,059
Total funds				25,472,128	14,396,522	12,796,591		27,072,059
ALLOCATION			OF ASSETS - GROUP
				Tangible fixed	Net current	Long term	Total	Total
				assets	assets	liabilities	2022	2021
				K	6			8
Unrestricted		funds		24,745,839	5,542,497	3,151,407	27,136,929 25,494,556

At the balan	ce	sheet date, the company had capital co	mmitments as follows:
			2022	2021
			8	5
Contracted	for	W IFI hardware		63,323
School Hall	redevelopment		37,249
Contracted	for	minibus purchase	39,258

				2022	2021
				E	E
Financial	assets measured	at amortised cost (a)		7,236,757	6,362,474
Financial	assets measured	at fair value (b)		352,020
Financial	liabilities measured	at amortised	cost (c)	4 752 546	5257 922