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