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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|
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|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|||||||
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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
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|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|
##
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|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|
##
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|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|
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|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||||
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|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|
##
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|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|
##
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|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|
##
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|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|
##
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|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.|||
##
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|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.||||
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|2023|2022|
|---|---|
|6000|6000|
|1,549|1,510|
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|2023|2022|
|---|---|
|6000|6000|
|3,700|4,959|
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|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|
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||||||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|
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||||||||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|
##
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|||||||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|
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