2022-08-31-accounts - Bury Grammar Schools Charity

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Referent and Admlnhtrative Details	1to2
Governors' Report	3to17
Statement ofGovernors' Responslblllty independent~Report	19to 22
Statement ofFlnandal ActMties	23to24
Balance Sheet
tatement ofCash Rows	26
Notes tothe Rnandal Statements	27to43

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF THE BURY GRAMMAR SCHOOLS TRUSTEE LIMITED The e)rtent to which our procedures are capable of deterting Irregularitles, includlng fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was a5 follows- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilitie5 3nd 5ki11s to identify or recognise noTrcompliance with appllcable laws and regulations: we focused on specific laws and regulationswhich we considered may have a direct material effect on the financial statements or the operations of the cornpany: and we assessed the extent of compliance wlth the taws and re8ulatlons thmu8h makln8 enqulrles of mana8ement. We a55essed the 5Usceptibility of the schools. financial statements to material mSsstatement, In¢ludln8 obtainlng an understanding of how fraud may occur. by. • making enquiries of management as to where they considered there was susceptibllty to fraud, their knowledge of actual. suspected and alleged fraud. and • considered the internal controls in place to miti8ate ri5k5 01 fraud and non-compllance wlth laws and regulations. To address the risk of fraud through mana8ement bias and override of controls, we: perfomied analytical procedures to Identify any unusual or unexperted relètlonshlps; tested Journal entries to identlfy unusual transaction In response to risk of irregularitie5 and non-compliance with laws and re8ulatSons. we deslgned procedures whlch included. but were not limited to.. greeing financial statement disdosures to underlying supporting documentètlon: readin8 the minutes of those charged with 8ovemance: and • enquirlng of management as to actual and potential Itti8ation and clalrns. Because of the inherent Ilmitations of an audit. there Is a risk that we wlll not detert all Irregularltles, Including those leadin8to a material misstatement in the financlal statements or non-compliance wrth regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transartions reflected in the financial Statements. as we will be less Ilkely to become aware of instances of nonvcompliance. The risk is also 8reèter regardin8 irregularities occurring due to fraud rather than error. as fraud involves intentional concealmenL forgery. collusion, omisslon or misrepresentation. A further description of our responsibilities for the audit of the finantlal statementsls located on the Flnanclal Reporting Councll'5 website at: www.Ircorg.uk/oudltors/oudltors.Lissuronce/oudltOrs-responbxfrtle$-JOr-rhea0dltfj-the-flft0ThCl0I-5totefflents Thls descrfptlon forms part of our audltor'5 reporL 21

TOTAL RECOGNSE	D	GAIN	S AND	LOSSE	S)
							Endowment
			Unrestdcted		funds	estrfcted	funds	Total
		Note	Designated General f000 f000			funds f000	permanent f000	2022 fOIO
Income and Endowments		from:
Donatkms and legades	2					369		369
Charitable acthNes	3				14552			14452
Irwestment Income	4			9	47	28	29	123
Total Income				9	14 99	397	29	15,034
Ergxedlture om
Rahlng funds	6				(151)			(151)
Charitabh actlvNes	7			(14 15				14
Total Expenditure				(14~)		(29)		(14~95)
Gens/hsses on
investment assets							35	102
Net
(expenditure@ ncome			(14)			324	(6)
Transfers between
funds			59			445	1
Net movement in funds					520	(122)	m
Recondgatlon offunds
Total funds brought
forward			600		12908	4934	681	19123
Total funds carr(ed
forward	23
All ofthe charity's actlvNes derive from conthudng					operations	during the	above perkrd.
The funds breakdown for		2022 Isshown in		note 23.

TOTAL RECOGNSED	GAINS	AND LOSSE	S)
					Endowment
	Unrestricted funds Designated ~			Restricted funds	funds permanent	Total 2021
	Note	EON	EOOO	6000	EOOO	ENO
income and Endowments	from:
onations and legacies	2			537		537
Charitable acthddes	3		12,713			12,7D
investment income	4		15	16		61
Other income	5		86			86
Total Income			14	553
Exinnugtum on:
Raldng funds	6		(91)			(91)
Charitable acthddes	7		12,027	433
Total Expenditure			(12,118)	(433)		(1241)
Galas/hsses on
investment assets				21	115	136
			696	141	145	982
		276	256	17	37
Net movement in funds		276	440	158
ReconcHlathm offunds
Total funds brought
forward		324	468	4776	573	1$141
Total funds carrhd
forward	23
All ofthe charity's acthddes derive		from continuing	operations	during the	above pedod.

Fhed assets
Tangible assets		13	14,878	14,723
Investments		14		964
			16,167	15687
Current assets
Stocks		15	16	15
Debtors		16	544	599
Investments		17	~10	1,909
Cash at bank	and in hand	18	4959	4 52
			7,029	QP5
			2678	2,319
ffstcurrent	assets		4 1
Total assets	less current IhMlths		20418	20,243
Creditor Amounts faghg due after more than one year		20	(938)	(1,011)
			20	109
			4+13	4,934
Unrestricted	Income funds
Unrestdcted	funds

				437
Adlustments tocash	Rows from	noncash Items
Depedatlon			9
Investment income			4	(113)	(61)
Finandal Instrument	net (gains) hsses through statement
offinandal activities				102
Workbtg capital argustments
Increase kr stocks			15	(1)	(1)
Decrease In debtors			16	55	171
In~(decrease)	in creditors		19gt20	316	(102)
Decream (increase)	In retirement	benefit obggatlon net of
actuarial changes			22
Cash Rows from invesdng acthdtkw
Interest receivable and similar income				113	61
Purchase oftangible	fhed assets			(390)	(500)
Short term investments				399	237
Purchase ofinvestments			14	427
				(305)	(457)
			19A 20
stet Increase in cash and cash equivalents Cash and casheq~ at1~r Cash and cash equivalents at31August				4 52 4959	4'

FORTHE YEAR ENDED $1 3 Income from~acthdth	AUGUST 2022 rs
			Total	Total
		aeneral	2au	2021
		E000	E000	ENa
		13,627	13,627	12,156
		925	925	557
		14 52	14552
			Total	Total
			20u	2au
			E000	6000
Analysh ofandgary Income
Admi Istratlm and other charges			146	92
Catering			486	223
Coach chargm			169	100
Alter School, Breakfast a Holkhry	Club charges		91	76
Sundry income			33	66
			925

		Unrestricted
		funds	Total	Total
		General	2022	2021
		f000	f000	f000
Fundraidng	costs	151	151	91
		Activity
		undertaken
		directly E000	2022 f000	2021 fNO
Academk		8,461	8,461	7,464
Welfare Premises Support casts		868 2,411 1~	868 2,411 1,294	590 2~ 1,194
Management	and administration	107	107	137
gursaries, discounts and fee asskrtance		1203	1 3	1055
		14,344	14~	12

Staffcosts durhg the year were: Wages and Salarhs	7+10	6~
Sodal security costs	744	62D
Penshn costs	1,184	059

	FreehoQ
	property	Equipment	Total
	ENO	EBOO	ENO
Cost
At1September 2021	14425	1,110	15e35
Additions			390
At31August 2022		1110	16 25
Depredathm
At 1September 2021	753	459	1+12
Charge forthe year	149	86	235
At31August 2022		545	1,447
Ifetbook vahce
At31August 2022	14,313	565	14578
At31August 2021	14,072	651	14,723
		Investments	Total
		EOOO	EON
CostorVahmtlon
At 1September 2021		964	964
Revaluation		(102)	f102)
Addithms		427	427
At31August 2022
Net book value
At31August 2022
At31August 2021
Hhtorical costat31stAugust 6731/74.

						2022
						f000
Teaching materials, stadonery		and	catering	supplies		16
						2022	2021
						f000	fON
						9	4
						44	53
						6	28
						485	514
Trade debtors	are fees due.
Other debtors	and prepayments		indude	supplhrs	purchased	for the academic year	commendng
September 2022.

17Current	asset Investments	asset Investments
					2022	2021
					fNO	f000
Short term Short term designated	investments kwestments comprtre and~funds for		amounts bursarles	iudd in UK Term and capital~	10 Bank~ AII amounts	are
					2022
					f000	fNO
Cash at bank					4 9	4 52
Cash at bank represents		the un estricted cash		Indances.

19	amounts falling due within one year
		2022	2021
		6000	8000
Trade credtofs		398	405
Other hans		30	30
Other taxation and sodsl security		190	159
Feedeposits	8Lfees In advance	480	537
Other creditors and accruah		1,433	1,054
TPA 8tother	penshn contrihutions	147	134
		2,678

		2022	2022
		6000	6000
Other loans		105	135
Feedeposits	8Lfees In advance	656	629
Other cedltors		177	247
		938	011

							Other
			galance at 1	Incombtg	Resources		recognised	Balance et31
			Septenker 2021	resources	expended	Transfers	galas/gosses)	August 2022
			E000	8000	EON	E000	E000	E000
Unrestricted	funds
General			12,908	14,599	(14,466)			13,428
Designated						59
Total unrestricted		funds	13,508	14,608	(14,466)		(23)	14,073
Restricted funds			4334	397	(29)	(445)	(44)	4,813
Endowment	funds
permanent								674
Total funds			19,123	15,034	14495		102	19,560

						Endowment	Total funds at
		Unrestricted		funds		funds	31August
		Genend	Designated			Permanent	2022
		E000		E000		E000	E000
Tangiide fbred assets Rxed asset investments		12,183			2,695 353	638	14+78 ~9
Current	assets	4W1			1,765	36	7,029
Currant	llabNties	(2,678)					(2,678)
Credttrs	over 1year	(938)					(938)
rovhlons		20					20
Total net assets