2023-08-31-accounts

	Pages
Trustees' Annua I Report	2to 9
Independent Auditor's Report to the members ofTerra Nova School Trust Limited	10to 13
Statement of Financial Activities	14
Balance Sheet	15
Statement ofCash flows	16
Notes to the Accounts	17to 29
Detailed Statement of Financial Activities	30to 32

Registered	charity	name	name	Terra Nova	School Trust Limited	School Trust Limited	School Trust Limited	School Trust Limited
Charity registration		number		525919
Company	registration		number	00554799
Principal office and		registered		Terra Nova	School
office				Jodrell Bank
				Holmes Chapel
				Cheshire
				CW4 8BT
The trustees
				EJ Lees-Jones				Chair
				M J Grice				Vice Chair
				ESStanley
				AC Dick
				M A Boulton
				A R Peak
				KCampbell
				J P Standen
				L ETulloch				(Appointed	1November	2023)
Company	secretary			N Parkin
Senior Statutory Auditor:				Stuart Banks FCA
Auditor				Banks Sheridan		(Statutory		Auditor)
				Datum House
				Electra Way
				Crewe
				CW1 6ZF
Accountant				Bruce Marshall		and Co.
				The Old Fuel Depot
				Twemlow	Lane
				Twemlow	Green
				Cheshire
				CW4 8GJ
Bankers				National Westminster			Bank PLC
				10Great Underbank
				Stockport
				Cheshire
				SK1 1LL

for the year ended 31August	2023
		Unrestricted	Restricted		Restated
		funds	funds	Total funds	Total funds
		2023	2023	2023	2022
	Notes
Income and endowments
from:
Donations and legacies		20,415		20,415	316
Other trading activities		3,415,308		3,415,308	3,377,913
Investments		7,316		7,316	564
Other		332		332	17,486
Total		3,443,371		3,443,371	3,396,279
Expenditure on:
Charitable activities	10	3,860,719		3,860,719	4,065,869
Other		16,340		16,340	5,875
Total		3,877,130		3,877,130	4,071,744
Net gains on investments
Net expenditure	12	(433,759)		(433,759)	(675,465)
Transfers between funds		52,129	(52,129)
Incoming resources			283	283	39,619
Net expenditure before other	gains/(losses)	(381,630)	(51,846)	(433,476)	(635,846)
Other gains and losses
Net movement in funds		(381,630)	(51,846)	(433,476)	(635,846)
Reconciliation offunds:
Total funds brought forward		1,526,701	313,134	1,839,835	2,475,681
Total funds carried forward		1,145,071	261,288	1,406,359	1,839,835

			Notes	2023	2022
				f	f
Fixed assets
Tangible assets			16	1,736,824	1,865,407
				1,736,824	1,865,407
Current assets
Stocks			17	12,446	136
Debtors			18	190,398	179,352
Cash at bank and		in hand		929,359	817,710
				1,132,203	997,198
Creditors: Amount	falling due within one year		19	(1,440,310)	(990,394)
Net current assets				(308,107)	6,804
Total assets less current liabilities				1,428,717	1,872,211
Creditors: Amounts		falling due after more than one year	20	(22,358)	(32,376)
Net assets excluding		pension asset or liability		1,406,359	1,839,835
Total net assets				1,406,359	1,839,835
The funds ofthe charity
Restricted funds
Restricted income funds				261,288	313,134
				261,288	313,134
Unrestricted funds
General funds				1,145,071	1,526,701
				1,406,359	1,526,701
Total funds				1,406,359	1,839,835

			2023	2022
			f	f
Cash flows from operating	activities
Net deficit per Statement	of Financial Activities		(433,476)	(635,846)
Adjustments for:
Depreciation ofproperty, plant and equipment			139,423	143,010
Loss on sale ofmotor vehicle			26
Impairment				171,792
Interest received			(7,316)	(564)
Decrease/(Increase) in	stocks		(12,310)	19,360
Decrease/(Increase) in	trade and other receivables		(11,046)	71,551
Increase/(Decrease) in	trade and other payables		448,723	(18,694)
Net cash used in operating activities			124,024	(249,391)
Interest received			7,316	564
Net cash used from operating activities			131,340	(248,827)
Cash flows from investing	activities
Payments for property,	plant and equipment		(11,342)	(203,849)
Sale proceeds			476
Net cash used in investing	activities		(10,866)	(203,849)
Cash flows from financing	activities
Repayments ofobligations under finance purchase contracts		lease and hire	(8,825)	(7,489)
Net cash from financing activities			(8,825)	(7,489)
Net (decrease)/increase	in cash and cash equivalents		111,649	(460,165)
Cash and cash equivalents	at the beginning	ofthe year	817,710	1,277,875
Cash and cash equivalents at the end ofthe		year	929,359	817,710

Income
Recognition		of	Income from contracts for the supply of services is included	in the Statement of
income			Financial Activities (SoFA) when the charity becomes entitled to, and virtually
			certain to receive, the income and the amount ofthe income	can be	measured with
			sufficient reliability.
Income withrelated			Where income has related expenditure the income and related		expenditure is
expenditure			reported gross in the SoFA.
Donations legacies		and	Voluntary income received by way ofgrants, donations and gifts is included in the the SoFAwhen receivable and only when the Charity has unconditional entitlement to the income.
Investment		income	This is included in the accounts when receivable.
Expenditure
Recognition		of	Expenditure is recognised on an accruals basis. Expenditure includes		any VAT which
expenditure			cannot be fully recovered, and is reported as part of the expenditure to which it
			relates.
Expenditure		on	These comprise the costs associated with attracting voluntary	income, fundraising
raising funds			trading costs and investment management costs.
Expenditure		on	These comprise the costs incurred by the Charity in the delivery		of its activities	and
charitable	activities		services in the furtherance ofits objects, including the making	ofgrants and governance
			costs
Governance		costs	These include those costs associated with meeting the constitutional		and statutory
			requirements of the Charity, including any audit/independent	examination fees,
			costs linked to the strategic management ofthe Charity, together		with a share of
			other administration costs.
Other expenditure			These are support costs not allocated to a particular activity.
Taxation
The charity		is exempt	from corporation tax on its charitable activities.

							Unrestricted	Restricted
							funds	funds	Total funds
							2022	2022	2022
	Income and endowments					from:
	Donations	and		legacies			316		316
	Other trading		activities				3,377,913		3,377,913
	Investments						564		564
	Other						17,486		17,486
	Total						3,396,279		3,396,279
	Expenditure on:
	Charitable	activities					4,065,869		4,065,869
	Other						5,875		5,875
	Total						4,071,744		4,071,744
	Net income						(675,465)		(675,465)
	Transfers between			funds			21,217	(21,217)
	Incoming resources						39,619		39,619
	Net income before			other		gains/(losses)	(614,629)	(21,217)	(635,846)
	Other gains and		losses:
	Net movement		in	funds			(614,629)	(21,217)	(635,846)
	Reconciliation	offunds:
	Total funds carried			forward			(614,629)	(21,217)	(635,846)
6	Income from donations				and legacies
							Unrestricted	Total	Total
								2023	2022
	Donations						20,415	20,415	316
							20,415	20,415	316

Income from	other trading activities	other trading activities			Restated
			Unrestricted	Total	Total
				2023	2022
Gross fees			3,906,757	3,906,757	3,861,567
Allowances,	bursaries	and grants	(494,102)	(494,102)	(489,043)
Letting income			2653	2653	5389
			3415308	3415308	3 377913

				Unrestricted	Total	Total
					2023	2022
	Bank interest	receivable		7,316	7,316
				7,316	7,316
9	Other income
				Unrestricted	Total	Total
					2023	2022
	Grants			332	332	17,486
				332	332	17,486
10	Expenditure	on charitable	activities			Restated

xpenure on car	a	e	acves					Restated
						Unrestricted	Total	Total
							2023	2022
Education costs						519,734	519,734	606,621
Other interest payable						2,910	2,910	3,269
Employee costs						2,487,836	2,487,836	2,583,021
Motor and travel costs						32,695	32,695	34,731
Premises costs						406,220	406,220	359,921
Amortisation, depreciation, disposal offixed assets			impairment,	profit/loss	on	139,449	139,283	143,010
General administrative		costs				159,484	159,580	152,856
Lega I and professiona	I	costs				128,802	128,802	182,440
						3,877,130	3,877,130	4,071,744

			Total	Total
			2023	2022
	Governance costs		16,340	5,875
			16,340	5,875
12	Net expenditure	before transfers
			2023	2022
	This isstated after charging:		f	f
	Depreciation of	owned fixed assets	139,403	143,010
	Auditors' remuneration		5,100	4,000
13	Staff costs		2023	2022
	Salaries and wages		1,953,045	2,072,344
	Socia I security costs		184,235	192,988
	Pension costs		314,830	314,385
	Other employee	benefits	35,726	3,304
			2,487,836	2,583,021
	Salaries bands:
	6110,000 - f119,999

2023	2022
Number	Number
75	82

Tangible fix	ed assets
		Land and	Fixtures,	Motor	Capital	Total
		buildings	fittings &	Vehicles	Work in
			equipment		progress f
Cost or revaluation
At 1September 2022		2,842,174	1,067,700	29,330		3,939,204
Additions/(Disposals)			11,342	(29,330)		(17,988)
Transfers
At 31August	2023	2,842,174	1,079,042			3,921,216
Depreciation	and impairment
At 1September 2022		1,430,426	614,613	28,758		2,073,797
Elimination	on disposal			(28,828)		(28,828)
Depreciation	charge for the year	66,863	72,490	70		139,423
At 31August	2023	1,497,289	687,103			2,184,392
Net book values
At 31August	2023	1,344,885	391,939			1,736,824
At 31August	2022	1,411,748	453,087	572		1,865,407

			2023	2022
	Raw materials	and consumables	12,446	136
			12,446	136
18	Debtors
			2023	2022
	Trade debtors		105,723	82,770
	Other debtors			860
	Prepayments	and accrued income	84,675	95,722
			190,398	179,352

				2023	2022
19	Creditors:
	Amounts	falling due within one year
	Obligations under finance lease and hire purchase		contracts	9,593	8,400
	Trade creditors			257,440	72,643
	Sureties			138,453	138,500
	Other taxes and social security			73,803	94,956
	Other creditors			8,807	41,523
	Accruals			60,774	49,775
	Fees paid	in advance		891,440	584,597
				1,440,310	990,394
20	Creditors:
	Amounts	falling due after more than one year		2023	2022
	Obligations under finance lease and hire purchase		contracts	22,358	32,376
				22,358	32,376

Movement	in funds
			Incoming
		At 1	resources	Resources	Gross	At 31
		September	(including	expended	Transfers	August
		2022	other gains/			2023
			losses)
Restricted funds:
Restricted	income funds:
Old Appeals		88,841			(5,098)	83,743
Centenary		68,647			(10,022)	58,625
Kennedy Fund		74,200			(2,120)	72,080
SENCO		32,003			(865)	31,138
Bursary Donations		15,419	283			15,702
Timpson Fund		34,024			(34,024)
Total		313,134	283		(52,129)	261,288
Unrestricted	funds:
General funds		1,526,701	3,443,371	(3,877,130)	52,129	1,145,071
Total funds		1,839,835	3,443,654	(3,877,130)		1,406,359

Analysis ofnet assets between funds
	Unrestricted
	funds	Total
	f	f
Fixed assets	1,736,824	1,736,824
Net current assets	(308,107)	(308,107)
Creditors due in more than one year and provisions	(22,358)	(22,358)
	1,406,359	1,406,359