2023-08-31-accounts - Bury Grammar Schools Charity

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Reference and Administrative	Details	1to 2
Governors Report		3to 18
Statement ofGovernors' Responsibility		19
Independent Auditors' Report		20to 23
Statement of FinancialActivities		24to 25
Balance Sheet		26
Statement ofCash Flows		27
Notes to the Financial Statements		28to 45

Bankers		Barclays Bank Pic	Barclays Bank Pic
		1Central Street
		The Rock
		Bury
		Lancashire
		BL9OJN
Auditor		Horsfleld &Smith
		Chartered Accountants			&Registered	Auditors
		Tower House
		269Walmersley	Road
		Bury
		Lancashire
		BL96NX
Solkitors		Woodcocks Haworth		&	Nuttall	Womble	Bond Dickinson	LLP
		12Manchester	Road			St Ann's Wharf
		Bury				112Quayside
		Lancashire				Newcastle	upon Tyne
		BL9ODX				NE13DX
Investment	advisers	James Sharp &	Co
		The Exchange
		5 Bank Street
		Bury
		Lancashire
		BL9ODN
Insurers		Zurich Municipal
		Southwood Crescent
		Farnborough
		GU14 ONJ

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF THE BURY GRAMMAR SCHOOLS TRUSTEE LIMITED A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditors/ovditors-ossuronce/ouditors-responsibilities-for-the-uudit-of-the-finoncial-5tatements This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's 8overnors. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's governors those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and it5 governors as a body, for our audit work, for this report, or for the opinions we have formed Peter G Nicol Bsc FCA15enior Statutory Auditor) For and on behalf of Horsfield & Smith, Statutory Auditor Tower House 269 Walmersley Road Bury Lanca5hire BL9 6NX Date.. 23

TOTAL RECOGNISE		D GAIN	S AND LOS	SE	S)
							Endowment
			Unrestricted		funds	Restdcted	funds	Total
			Designated	General		funds	Permanent	2023
		Note	6000		6000	E000	E000	EOM
Income and Endowments		from:
Donations and legacies		2				347		347
Charitable activities		3			15,930			15,930
Investment income	4		16		136	48	31	231
Total Income			16		16,065	395	31	16,507
Expenditure on:
Raising funds		5			(114)			(114)
Charitable activities		6		(15,940				15,941)
Total Expenditure				(16,054)				(16,055)
Gains/losses on
investment assets			20)			3)	(15)	38)
Net
(expenditure)/income			(5)		11	391	16	414
Transfers between
funds			91		431	493)	(28
Net movement in funds			86		442	(102)	(13)	414
Recondliatlon offunds
Total funds brought
forward			646		13,427	4,813	674	19,559
Total funds carried
forward	23		732		13,869	4,711	661	19,973

TOTAL RECOGNISE	D GAIN	S AND	LOSSE	S)
						Endowment
		Unrestricted		funds	Restricted	funds	Total
		Designated	General		funds	Permanent	2022
	Note	E000		E000	E000	E000	E000
Income and Endowments	from:
Donations and legacies	2				369		369
Charitable activities	3			14,551			14,551
Investment income	4		9	47	28	29	113
Total Income			9	14,598	397	29	15,033
Expenditure on:
Raising funds	5			(151)			(151)
Charitable activities	6		(14,315)		28		(14,344)
Total Expenditure			(14,466)		(29)		(14,495)
Gains/losses on
investment assets		(23)			(44)	(35	(101)
Net
(expenditure)/income		(14)		133	325		437
Transfers between
funds		59		386	445)
Net movement in funds		45		519	(121)	(8)	436
Reconciliation offunds
Total funds brought
forward		600		12,908	4,934	681	19,123
Total funds carried
forward	23	646		13,427	4,813	674	19,559

AS AT91AUGU (REGISTRATION	ST 2023 NUMBER: 06612259)
			2023	2022
			E000	E000
Tangible assets		12	16,177	14,878
Investments		13	1,250	1,289
			17,427	16,167
Current assets
Stocks		14	23	16
Debtors		15	658
Investments		16	1,549	1,510
Cash at bank and in hand		17	3,700	4,959
			5,931	7,028
Creditors: Amounts	falling due within one year	18	(2,455)	(2,679)
Net current assets			3,476	4,349
Total assets less current liabillttes			20,903	20,516
Creditors: Amounts	falling due aRer more than one year	19	(918)	(937)
Provisions		22	(12	(20)
Net assets			19,973	19,559
Funds ofthe charity:
Endowment funds			661	674
Restricted income funds
Restricted funds			4,711	4,813
Unrestrkted Income	funds
Unrestricted funds			14,601	14,073
Total funds		23	19,973	19,559

YEAR ENDED 31AUG	UST 2023
					2023	2022
				Note	E000	6000
Cash flows from operating	activities
Net cash income					414	437
Adjustments to cash flows	from non~h	items
Depreciation				5	262	234
Investment income				4	(231)	(113)
Financial instrument net (gains) losses through			statement of
fina ncia I activities					38	102
					483	661
Working capital adjustments
Increase in stocks				14	(8)	(1)
(Increase)/decrease in debtors				15	(114)	55
(Decrease)/increase in creditors				18	(212)	316
Retirement benefit obligation					(8)	(89)
Net cash flows from operating activities					141	942
Cash Rows from investing	activities
Interest receivable and similar income				4	231	113
Purchase oftangible fixed	assets			12	(1,560)	(390)
Purchase of irwestments				13		(427)
Short term investments					(39)	399
Net cash flows from investing activities					(1,369)	(305)
Cash flows from financing	activities
Repayment of loans and borrowings				18	(30)	(30)
Net (decrease)/increase in	cash and cash	equivalents			(1,258)	607
Cash and cash equivalents	at 1September				4,959	4,352
Cash and cash equivalents	at 31August				3,700	4,959

Depreciation	is calculated at the following rates:
Asset class		Depreciation	method		and rate
Office, plant	and kitchen equipment	1tyl6-33% straight		line
Substation plant		2%straight	line
Freehold Property		196straight	line
Land		not depreciated

3 Inco	me fro	m charitable acthritles
			Unrestricted
			funds
				Total	Total
			General	2023	2022
			E000	E000	E000
Fees			14,916	14,916	13,627
Ancillary	income		1,014	1,014	925
			15,930	15,930	14,551
				Total	Total
				2023	2022
				E000	E000
Analysis	ofancillary income
Administration		and other charges		131	146
Catering				548	486
Coach charges				184	169
After School, Breakfast & Holiday Club charges				103	91
Sundry	income			48	33
				1,014	925

						Endowment
		Unrestricted		funds	Restrkted	funds	Total
		Designated	General		funds	Permanent	2023
		E000		E000	EBOO	EOM	E000
Investment	income	16		136		31	231
							Total
							2022
							E000
Investment	income						113

Costs of a)	generating	donations a	nd legacies
			unrestricted	funds	Total	Total
			Designated	General	2023	2022
		Note	E000	6000	E000	E000
Fundraising	costs			114	114	151

			Acthdty
			undertaken
			directly	2023	2022
			E000	E000	E000
Academic			9,604	9,604	8,461
Welfare			1,003	1,003	868
Premises			2,266	2,266	2,411
Support costs			1,556	1,556	1,294
Management	and administration		118	118	107
8ursaries, discounts		and fee assistance	1,394	1,394	1,203
			15,941	15,941	14,344

7 Analysis	ofgov	ernance and support costs
Governance	costs		Unrestricted
			funds	Total	Total
			General	2023	2022
			6000	E000	6000
Audit fees
Audit of	the financial statements		23	23	18
Other governance		costs	17	17	8
			40	40	26

8	Net incoming/outgoing resources
Net	incoming resources for the year include:

8 Net incoming/outgoing resources Net incoming resources for the year include:
	2023	2022
	E000	E000
Audit fees	23	18
Depreciation offixed assets	262	235

10Staffcosts
	2023	2022
	E000	E000
Staff costs during the year were:
Wages and Salaries	8,564	7,410
Social security costs	828	744
Pension costs	1,308	1,184
	10,700	9,338

12Tangible fhed assets
	Freehold
	property	Equipment	Total
	E000	E000	E000
Cost
At 1September 2022	15,216	1,110	16,326
Additions	1,560		1,560
Dispose is		(35)	(35)
At 31August 2023	16,776	1,075	17,851
Depreciation
At 1September 2022	903	545	1,448
Charge forthe year	177	85	262
Eliminated on disposals		(35)	(35)
At 31August 2023	1,080	595	1,675
Net book value
At 31August 2023	15,696	481	16,177
At 31August 2022	14,313	565	14,878

Other investments
	Investments	Total
	E000	E000
Cost orValuation
At 1September 2022	1,289	1,289
Revaluation	38)	(38)
At 31August 2023	1,250	1,250
Net book value
At 31August 2023	1,250	1,250
At 31August 2022	1,289	1,289
Historical cost at 31stAugust E1,157,208.

14Stock
			2023	2022
			E000	E000
Teaching materials,	stationery	and catering supplies	23	16
15Debtors
			2023	2022
			E000	E000
Trade debtors			10	9
Prepayments			214	45
Accrued income			8	6
Other debtors and	prepayments		427	484
			658
Trade debtors are	fees due.

2023	2022
6000	6000
1,549	1,510

2023	2022
6000	6000
3,700	4,959

18Creditors: amounts	falling due within one year
		2023	2022
		6000	g000
Trade creditors		568	398
Otherloans		30	30
Other taxation and social security		209	190
Fee deposits g.fees in	advance	573	481
Other creditors and accruals		912	1,433
TPA &other pension contributions		163	148
		2,455	2,679
19Creditors: amounts	falling due after one year
		2023	2022
		6000	6000
Otherloans		75	105
Fee deposits 8fees in	advance	656	655
Other creditors		187	177
		918	937

					2023	2022
					f000	6000
The present value	of provision at 31stAugust was:				12	20
					2023	2022
					6000	6000
Reconcffiation ofopening and closing provision
Provision at start ofthe period					20	109
Unwinding ofthe	discount factor (interest		expense)		1	1
Deficit contribution	paid				(8)	(21)
Remeasurements	- impact ofany change		in assumptions		(1)	(1)
Remeasurements	-amendments	to the contribution		schedule	12	(68)
Provision at end of period					24	20

							Other
23 Funds			Balance at 1 September 2022	Incoming resources	Resources expended	Transfers	recognised gains/(losses)	Balance at 31 August 2023
			E000	E000	E000	E000	E000	E000
Unrestricted	funds
General			13,427	16,065	(16,054)	431		13,869
Designated				16		91	(20	732
Total unrestricted		funds	14,073	16,082	(16,055)	522	(20)	14,601
Restricted funds			4,813	395		(493)	(3)	4,711
Endowment	funds
Permanent			674	31		28)	15)	661
Total funds			19,559	16,507	(16,055)		(38	19,973

						Endowment	Total funds at
		Unrestricted		funds	Restricted	funds	31August
		General	Designated		funds	Permanent	2023
		E000		E000	E000	E000	E000
Tangible	fixed assets	13,499			2,678		16,177
Fixed asset investments				278	350	622	1,250
Current	assets	3,755		454	1,683	39	5,931
Current	liabilities	(2,455)					(2,455)
Creditors	over 1year	(918)					(918)
Provisions		(12)					12
Tota I net assets		13,869		732	4,711	661	19,973