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|Reference and Admln stratlve Details
~Report|ito2
3to 17|
|---|---|
|Statement ofGovernors'
ResponslblMes||
|Independent
AodRors' Report|19to22|
|Statemem ofFlnanchd Actlvldes|23to24|
|Rrdance Sheet||
|tatement ofCash Rows|26|
|Notes tothe Rnanchd Statements|27to44|
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|tors ofthe Company
(who are Governors ofthe S
set out behw:|choob) asatthe|
|---|---|
|Mrs GWinter- Chair ofGoverns||
|Mr M Edge-Vke Chair ofGovernors
Mr MjEntudstle|~gp|
|Mrs SGauge||
|DrSHyde||
|MrP tee||
|Mr Dlong||
|MrTMcDougall||
|Ms N Smith||
|Ms N Warlng||
|Mr SWgd||
|Mr6yeung OBE||
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||||Barchrys Bank Pk|Barchrys Bank Pk|||||
|---|---|---|---|---|---|---|---|---|
||||1Central Street||||||
||||The Rock||||||
||||Bury||||||
||||lancashire||||||
||||N9 OIN||||||
||||Horsgeld
gt Smith||||||
||||Chartered
Accountants||gt Iteghtered|Audgors|||
||||Tower House||||||
||||269Wahmersley|Road|||||
||||Bury||||||
||||tancashlre||||||
||||$96NX||||||
||||Woodcoctn Haworth 5||Nuttag|Womtde|Bond Dtddnson|LLP|
||||12Manchester|Road||St Ann's Wharf|||
||||Bury|||112Quaydde|||
||||lancashire|||Newcastkr|upon Tyne||
||||BI9ODX|||NE1SDX|||
||||Zudch Munklpal||||||
||||Southwood
Crescent||||||
||||Famborough||||||
||||GU14 ONJ||||||
|I|vestment|arhdlns|James Sharp Ik|Co|||||
||||The Exchange||||||
||||5Bank Street||||||
||||Bury||||||
||||Lancashire||||||
||||BI9ODN||||||
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INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF
THE BURY GRAMMAR SCHOOLS TRUSTEE LIMITED
The extent to which our procedures are capable of detecting irregularltles, Includln8 fraud
Our approach to identifying and assessing the risk5 of material misstatement in respect of
irregularities, inclijding fraud and non-compliance with laws and regulations. was as follows..
the engagement partner ensured that the engagement team collectively had the appropriate
competence, capabilities and skills to identify or recognise non-compliance with applicable laws
and regulations..
we focused on specific laws and regulations which we considered may have a direct material
effect on the financial statements or the operations of the company,. and
we assessed the extent of compliance with the laws and regulations through making enquiries of
management.
We assessed the susceptibility of the sthools, financial statements to material misstatement,
includinE obtaining an understanding of how fraud may occur, by-.
making enquiries of management as to where they considered there was susceptibility to fraud,
their knowledge of actual, 5U5pected and alleged fraud,. and
considered the internal controls in place to mitigate risks of fraud and non-compliance with laws
and regulations.
To address the risk of fraud through management bia5 and override of controls, we..
performed analytical procedures to identify any unusual or unexpected relationships:
tested journal entries to identify unusual transactions.
In response to risk of irregularities and non-compliance with laws and reEu13tions, we designed
procedures which included, but were not limited to..
agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of those charged with governance,. and
• enquiring of management as to actual and potential litigation and claims.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance
with regulation. This risk increases the more that compliance with a law or regulation is removed
from the events and transactions reflected in the financial statements, as we will be less likely to
become aware of instances of non-compliance. The risk is also greater regarding irregularities
occurring due to fraud rather than error, as fraud involve5 intentional concealment, forgery,
collusion, omission or rnisrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's web51te at-
www.frc.org.uk/ouditors/auditors-055uronce/ouditors-responsibilitie5-for-the-uudit-of-the-financiol-stotements
This description forms part of our auditor'5 report.
21
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|TOTAL R|E|COGNISED|GAIN|S AND LOSS|ES|)||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Endowment|||
|||||Unrestricted||hmds||strlcted|funds|Total||
|||||Designated|Senarsl|||funds|permanent|2021||
||||Nota|8N0||8|000|8000|E000|8|000|
|Income and||Endowments|from:|||||||||
|Oonathns|and legades||2|||||537|||537|
|Charitatde|actkddes||3|||12,713||||12,723||
|I vestment||Income|4||||15|16|30||61|
|Other Income|||5||||||||86|
|Total Income||||||12|14|553|30|13|97|
|Expruugturu||on:||||||||||
|Raising funds|||6||||(91)||||(91)|
|Charitable|acttvltkrs||7|||12|7|433||12||
|Total Expenditure|||||(12,118)|||(433)||(22%1)||
|Gehaa/hoses||on||||||||||
|Investment||assets||||||21|115||136|
||||||||696|141|145||982|
|||||276||256||17|37|||
|||||276|||440|158|108||982|
|Total funds||brought||||||||||
|forward||||324||||4,776||||
|Total funds||carried||||||||||
|forward|||24|600||12||4,934||||
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|TOTAL RECOGNS|ED|GAI|NS AND LO|SSE|S)||||
|---|---|---|---|---|---|---|---|---|
||||||||Endowment||
||||Unrestricted||funds|sttrtcted|funds|Total|
||||Designated|general||hmds|permanent|2020|
|||Note|EON||6000|8000|ENO|ENO|
|Income and Endowments||horns|||||||
|Donathms
and|||||||||
|legades|2|||||1,006||L006|
|Charltabhr
ctlvttbm|3|||||||11,712|
|Investment
income|4|||||24||99|
|Other Income|5|||||||254|
|Total Income|||||012||||
|Eupendlture
on:|||||||||
|Raising funds|6||||p5)|||p5)|
|Charitable
actlvtdas|7||||11759|66||12125|
|||||(1484)||(366)||(~)|
|Net|||||||||
|Income/(expenditure)|||||178|664|(42)||
|ransfers between|||||||||
|funds||||||18|(18)||
|)tet~ln|||||||||
|funds|||||177|682|(60)||
|Reconcghrdon offunds|||||||||
|Total funds brought|||||||||
|forward|||324||1|4,094|633|17|
|Total funds carried
forwanl|24||324||~|4,776|573|18141|
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|||||2021||
|---|---|---|---|---|---|
|||||6000||
|Rued assets||||||
|Tangible assets|||13|14,723|14857|
|Investments|||14|964|573|
|Current assets||||||
|Stocks|||15|15||
|Debtors|||16|599||
|Investments|||17|||
|Cash at bank|and in|hand|18|4352||
|||||6475|6,712|
||||19||414|
|Net current|assets|||4556|4|
|Total assets|hrss cunent Babglthi|||20,243|1932$|
|Credgora Amount||falgng due alter more than one year|20|(2,011)|(1,04$)|
||||21|||
|||||19,123|16,141|
||||24||4,776|
|Unrestricted|Income funds|||||
|Unrestrtcted|funds|||13|12792|
||||24|19123|18,141|
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|Adlustments
tocash|Rows from noncash hams|||||
|---|---|---|---|---|---|
|Depredatkm|||9|||
|Investment
income|||4|(61)|(99)|
|Rnandal
brstrument|net (gains) krsses through statement of|||||
|flnandal
sctkdthrs|||||71|
|||||1,019||
|Wortdng caytrd ar()ustments||||||
|Incream in stocks
~(lnaease)|in debtors||15
16|(1)
171|(6)
(572)|
|(Decrease)lncmase|In credhors||19|(102)||
|Decrease (increase)|In retirement
benegt obligation net of|||||
|acbmrhd challgas|||29|||
|Cash Rows fimn Investbrg aclvNes
Interest~and simgar Income||||61||
|Purchase oftanggde|Rxed assets|||(500)|(150)|
|Short term Investments||||237|(497)|
|Purchase ofinvestments||||(255)|(142)|
|Srde ofInvestments||||||
|fret cash Rows from|Investbrg actbdtkrs|||(457)|(557)|
|Cash Rows from Rnandng
acthdthn||||||
|Reprrfrnent
ofloans|and bonowings|||||
|Net Increase In cash|and cash equlvdents|||570||
|Cash and cash equhralents
at1September||||5782||
|Cash and cash equivalents
at91August||||4352|5,7$2|
|Ag ofthe cash flows|are derived from continuing|operations|during the above two perhds.|||
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|||Acthdty|||
|---|---|---|---|---|
|||undertaken|||
||||2021|2020|
|||EON|E000|E000|
|Academic||7,464|7,464|7~|
|Welfare||590|590|658|
|Premises||2,020|2,020|1,686|
|Support costs
Ma~ and admlnlstrathm||1,194
137|1,194
137|1,182|
|Bursarles, dhcounts|and feesslstanm|5|1,055|956|
##
|||2021||
|---|---|---|---|
|||EON|EON|
|Trade aedltors||405|222|
|Other loans||30|30|
|Other taxathm and sodal security||159|149|
|Feedeposhs|ELfees In advance|537|440|
|Other cedNors and accruah||454|1450|
|TPA gtother|pension contrlbuthms|134|123|
|||2319|14|
|||2022|2020|
|||E000|E000|
|||135|165|
|||629|507|
|||247|376|
|||1,011||
||Pension||
|---|---|---|
||contrlhutlons||
||provtshm|Total|
||ENO|EON|
|At1Septembw 2020|139|139|
|Charged tothe statement ofrecognised gains and losses|||
|At31August 2021|||
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11: 3
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|||||||Other||
|---|---|---|---|---|---|---|---|
|||Balance at1||Resources||recognised|Bahrnce at81|
|||September 202D
E000||expel
E000|Transfers
EON|gains/(tosses)
END|August 2021
END|
|8 strtcted funds||||||||
|Bursary fund||1,953|406|(415)|70|21|2,035|
|Capital projects fund||2,660|120|(18)|(18)||2,744|
|Dlscredonary/Other||163|27||35||155|
|Total estrkted funds||4,776|553|(433)|17|21|4,934|
|Endowment|funds|||||||
|Permanent||||||||
|Endowment|funds|573|30|||115|681|
|Total funds||18,141|13 97|12 51||136|19123|
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||U~ funds|U~ funds|estrtcted|Endowment
hmds|Total funds at
91August|
|---|---|---|---|---|---|
||6enaral|Oeslgnsted|hmds|penmm eat|2021|
||E000|6000|E000|E000|E000|
|Tanglbh fhed assets|12J80||2,699||14,729|
|Fhed asset hvestments|||920|644|964|
|Current assets|4/99|924|1,921|97|6475|
|Current llsbgies|(2S19)||||(419)|
|Cedltors over 1year|(1,011)||||(1,011)|
|ovlslons|||||109|
|Total net assets|19,184|924||||
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