2021-08-31-accounts - Wilmslow Preparatory School Trust Limited

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		Page
Report ofthe Governors	1	to	14
Report ofthe Independent Auditors	15	to	18
Statement ofFinancial Activities		19
Balance Sheet	20	to	21
Cash Flow Statement		22
Notes to the Cash Flow Statement		23
Notes to the Financial Statements	24	to	33

						2021	2020
				Unrestricted	Endowment	Total	Total
				funds	fund	funds	funds
			Notes	5		6
INCOME AND ENDOWMENTS		FROM
Donations and legacies			3	56,376		56,376	75,066
Charitable activities			5
Fees and collection charges				731,183		731,183	718,758
Investment income				653		653	1,209
Total				788,212		788,212	795,033
EXPENDITURE ON
Charitable activities
Teaching and welfare	costs			649,311		649,311	748,321
Running costs & maintenance				270,385		270,385	299,092
Governance				7,950		7,950	7,900
Total				927,646		927,646	1,055,313
Net gains/(losses) on	investments					~99}	1,288
NET INCOME/(EXPENDITURE)				(139,533)		(139,533)	(259,032)
RECONCILIATION OF FUNDS
Total funds brought	forward			1,259,520	752	1,260,272	1,519,304
TOTAL FUNDS CARRIED FORWARD				1,119,987	752	1,120,739	1,260,272

				2021	2020
		Unrestricted	Endowment	Total	Total
		funds	fund	funds	funds
	Notes	5	6	6	6
FIXEDASSETS
Tangible assets	11	1,155,310		1,155,310	1,162,284
Investments	12	35,563	752	36,315	35,887
		1,190,873	752	1,191,625	1,198,171
CURRENT ASSETS
Stocks	13	6,208		6,208	8,903
Debtors	14	123,436		123,436	94,529
Investments	15	58,139		58,139	120,610
Cash at bank		6,293		6,293	94
		194,076		194,076	224,136
CREDITORS
Amounts falling due within one year	16	(189,309)		(189,309)	(141,360)
NET CURRENT ASSETS		4,767		4,767	82,776
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,195,640	752	1,196,392	1,280,947
CREDITORS
Amounts falling due after more than one year 17		(75,653)		(75,653)	(20,675)
NET ASSETS		1,119,987	752	1,120,739	1,260,272
FUNDS	20
Unrestncted funds				1,119,987	1,259,520
Endowment funds				752	752
TOTAL FUNDS				1,120,739	1,260,272

			2021	2020
		Notes	F	F
Cash flows from	operating	activities
Cash generated from operations 1			~80,847)	(242,690)
Net cash used in	operating	activities	~80,847)	(242,690)
Cash flows from	investing	activities
Purchase oftangible fixed assets Sale of current asset investments			(25,425) 62,471	(22,990) 262,124
Net cash provided	by investing activities		37,046	239,134
Cash flows from	financing	activities
New loans in year			50,000
Net cash provided	by financing activities		50,000
Change in cash in the reporting	and cash period	equivalents	6,199	(3,556)
Cash and cash equivalents		at the
beginning ofthe	reporting	period	94	3,650
Cash and cash equivalents		at the end
ofthe reporting	period		6,293	94

	RECONCILIATION OF NET EXPENDITURE TO	RECONCILIATION OF NET EXPENDITURE TO	RECONCILIATION OF NET EXPENDITURE TO	NET CASH FLOW FROM OPERATING	NET CASH FLOW FROM OPERATING
	ACTIVITIES
					2021 f	2020 E
	Net expenditure for the reporting		period (as per the Statement
	ofFinancial Activities)				(139,533)	(259,032)
	Adjustments for: Depreciation charges				32,399	45,838
	Losses/(gain) on investments Decrease/(increase) in stocks				99 2,695	(1,248) (405)
	Increase in debtors				(28,907)	(33,643)
	Increase in creditors				52,400	5,800
	Net cash used in operations				~80,847)	~242,690)
2.	ANALYSIS OF CHANGES	IN NET	FUNDS
				At 1.9.20 E	Cash flow E	At 31.8.21 f
	Net cash
	Cash at bank			94	6,199	6,293
				94	6,199	6,293
	Liquid resources
	Deposits included in cash Current asset investments			120,610	~62,471	58,139
				120,610	~62,471)	58,139
	Debt
	Debts falling due within 1 year Debts falkng due after 1 year				(8,874) ~41,126	(8,874) ~41,126
					~50,000)	~50,000)
	Total			120,704	(106,272)	14,432

					2021	2020
						6
Donations	and sundry		receipts		46,954	47,488
Grants					9,422	27,578
					56,376	75,066
Grants received,		included		in the above, are as follows:
					2021	2020
					F	F
Other grants					9,422	27,578
					9,422	27,578

			2021	2020
Investment	income		653	1,209
INCOME FROM CHARITABLE ACTIVITIES
			2021 F	2020 f
School fees			1,027,572	991,754
add School	fees received	in advance	60,589	49,678
less School fees carried forward less Bursaries and allowances			(78,393) ~278,585)	(60,589) ~252,584)
			731,183	718,759
CHARITABLE ACTIVITIES COSTS
				Support
				costs (see
				note 7)
Teaching and welfare costs				649,311
Running costs &maintenance				270,385
Governance				7,950
				927,646
			2021	2020 f
Teaching and welfare costs
Staff costs			576,820	646,947
Depreciation			17,585	25,078
Other operating charges			54,907	76,296
			649,311	748,321
Running costs and maintenance
Staff costs			92,716	81,924
Depreciation			14,814	20,760
Other operating charges			162,855	196,408
			270,385	299,092
Governance	costs
Auditors' remuneration			7,950	7,900
			7,950	7,900

SUPPORT C		OSTS
							Governance
					Management	Finance	costs	Totals
					F		6	F
Teaching and		welfare costs			649,311			649,311
Running costs & maintenance					269,530	855		270,385
Governance							7,950	7,950
					918,841	855	7,950	927,646
Support costs,		included	in the	above, are as follows:
							2021	2020
				Teaching
				and	Running
				welfare	costs &		Total	Total
				costs	maintenance	Governance		activities
				activities
					5
Wages				576,819	92,716		669,535	728,871
Rates and water					22,150		22,150	31,223
Light and heat					28,587		28,587	29,623
Telephone					4,074		4,074	3,520
Postage and	stationery				34,594		34,594	43,205
Sundries					46,567		46,567	86,840
Provisions				38,888			38,888	28,540
School books		and
materials				16,019			16,019	14,033
Repairs and renewals					26,028		26,028	32,321
Inspection costs								2,567
Depreciation	oftangible
and heritage	assets			17,585	14,814		32,399	45,838
Bank charges					855		855	832
Auditors' remuneration						7,950	7,950	7,900
				649,311	270,385	7,950	927,646	1,055,313

Net inco	me/(e	xpenditure) is stated after charging/(credi	ting):
			2021	2020
			5	8
Auditors'	remuneration		7,950	7,900
Depreciation		- owned assets	32,399	45,838

STAFF COS	TS
						2021	2020
						6	E
Wages and salaries						669,535	728,871
						669,535	728,871
The average	monthly	number		of employees	during the year was as follows:
						2021	2020
Teachers and	assistants		(full	time)		3	3
Teachers and	assistants		(part	time)		18	21
Self employed						6	6
Administration	- Office					2	2
Administration	- Kitchen					4	4
Administration	-Caretaker					1	1
						34	37

TANGIBLE FIXEDASSETS
		Fixtures
	Freehold	and
	property	fittings f	Totals F
COST
At 1 September 2020	1,571,999	467,268	2,039,267
Additions	15,000	10,425	25,425
At 31 August 2021	1,586,999	477,693	2,064,692
DEPRECIATION
At 1 September 2020	410,129	466,854	876,983
Charge for year	21,560	10,839	32,399
At 31 August 2021	431,689	477,693	909,382
NET BOOK VALUE
At 31 August 2021	1,155,310		1,155,310
At 31 August 2020	1,161,870	414	1,162,284

12.	FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS
							I isted
							investments
							6
	MARKET VALUE
	At 1 September 2020						35,887
	Revaluations						428
	At 31August 2021						36,315
	NET BOOK VALUE
	At 31 August 2021						36,315
	At 31August 2020						35,887
	There were no investment			assets outside the UK.
	Cost or valuation	at 31 August 2021 is represented			by.
							Listed
							investments
							F
	Valuation in 2021						36,315
13.	STOCKS
						2021	2020
						8	6
	Finished goods					6,208	8,903
14.	DEBTORS:AMOUNTS		FALLING DUE WITHIN		ONE YEAR
						2021	2020
							E
	Trade debtors					114,277	84,999
	Prepayments and	accrued		income		9,159	9,530
						123,436	94,529
15.	CURRENT ASSET INVESTMENTS
						2021	2020
							F
	Short term deposits					58,139	120,610

FIXEDASS	ET INVESTM	ENTS
				I isted
				investments
				6
MARKET VALUE
At 1 September 2020				35,887
Revaluations					428
At 31August	2021			36,315
NET BOOK	VALUE
At 31 August	2021			36,315
At 31August	2020			35,887
There were	no investment	assets outside the UK.
Cost or valuation at 31 August 2021 is represented			by.


16.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2021	2020
				5	5
	Bank loans and overdrafts		(see note 18)	8,874
	Trade creditors			44,625	31,187
	Social security and other		taxes	11,152	10,322
	Other creditors			7,835	12,877
	Accruals and deferred	income		116,823	86,974
				189,309	141,360
17.	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
				2021	2020
				f	6
	Bank loans (see note	18)		41,126
	Deposits held			34,527	20,675
				75,653	20,675
18.	LOANS
	An analysis ofthe maturity		of loans is given below:
				2021	2020
					F
	Amounts falling due within		one year on demand:
	Bankloans			8,874
	Amounts falling between		one and two years:
	Bank loans - 1-2years			10,648
	Amounts falling due between two and five years:
	Bank loans - 2-5 years			30,478
19.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable oper	ating leases fall due as follows.
	2021	2020
		6
Within one year	2,592	1,907
Between one and five years	6,480
	9,072	1,907

MOVEMENT		IN FU	NDS
						Net	Transfers
						movement	between	At
					At 1.9.20 F	in funds	funds f	31 821 f
Unrestricted		funds
General fund					64,915	(81,106)	(45,160)	(61,351)
Designated Designated	fixed asset repairs fund			fund	1,162,284 32,321	(32,399) ~26,029)	25,425 19,735	1,155,310 26,028
					1,259,520	(139,533)		1,119,987
Endowment		funds
Prize funds					752			752
TOTAL FUNDS					1,260,272	~139,533)		1,120,739
Net movement		in funds,		included	in the above are as follows:
					Incoming	Resources	Gains and	Movement
					resources f	expended	losses f	in funds f
Unrestricted		funds
General fund					788,212	(869,219)	(99)	(81,106)
Designated	fixed asset			fund		(32,399)		(32,399)
Designated	repairs		fund			~26,028)		~26,028)
					788,212	~927,646	~99)	139,533
TOTAL FUNDS					788,212	(927,646)	~99)	(139,533)

Comparative	s for	nds
			Net	Transfers
			movement	between	At
		At 1.9.19	in funds f	funds f	31.8.20
Unrestricted	funds
General fund		299,367	(180,873)	(53,579)	64,915
Designated Designated	fixed asset fund repairs fund	1,185,132 34,053	(45,838) ~32,327)	22,990 30,589	1,162,284 32,321
		1,518,552	(259,032)		1,259,520
Endowment	funds
Prize funds		752			752
TOTAL FUNDS		1,519,304	~259,032)		1,260,272

Comparative	net movement in funds,	included in the abo	ve are as follows:
		Incoming	Resources	Gains and	Movement
		resources 6	expended 6	losses f	in funds 8
Unrestricted	funds
General fund		795,033	(977,154)	1,248	(180,873)
Designated Designated	fixed asset fund repairs fund		(45,838) ~32,321)		(45,838) ~32,321)
		795,033	)1,055,873)	1,248	~259,032)
TOTAL FUNDS		795033	3),055,3)3)	1,248	~259,032)

A current ye	ar 12 months and prior	year 12 months combi	ned position is a	s follows:
			Net	Transfers
			movement	between	At
		At 1.9.19	in funds	funds	31.8.21
		F	F	6	6
Unrestricted	funds
General fund		299,367	(261,979)	(98,739)	(61,351)
Designated Designated	fixed asset fund repairs fund	1,185,132 34,053	(78,237) ~58,349)	48,415 50,324	1,155,310 26,028
		1,518,552	(398,565)		1,119,987
Endowment	funds
Prize funds		752			752
TOTAL FUNDS		1,519,304	~398,595)		1,120,739

above are a	s follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		F
Unrestricted	funds
General fund		1,583,245	(1,846,373)	1,149	(261,979)
Designated	fixed asset fund		(78,237)		(78,237)
Designated	repairs fund		~58,349)		~58,349)
		1,583,245	(1,982,959)	1,149	~398,565
TOTAL FUNDS		1,583,245	(1,982,959)	1,149	(398,565)