2022-08-31-accounts - The Elms (Colwall) Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	`Page`
`LegalandAdministrativeinformation`	`1`
`AnnualReportoftheTrustees`	`2-6`
`IndependentAuditor’sReport`	`7-9`
`StatementofFinancialActivities`	`10`
`BalanceSheet`	`11`
`CashFlowStatement`	`12`
`NotestotheFinancialStatements`	`13- 22`

`FEESRECEIVABLE`
`IncomerepresentsgrossSchoolfeesinvoicedlessdiscountsandallowances.`
	`2022`		`2021`
	`£`		`£`
`GrossSchoolfees`	`2,885,822`		`2,834,315`
`Less:totalscholarships,bursaries,grantsandallowances:`	`(552,762)`		`(681,995)`
	`2,333,060`		`2,152,320`
`Addback:Bursariesandawardspaidforbyrestrictedfunds`	`13,310`		`25,310`
	`2,346,370`		`2,177,630`
`OTHERINCOME`	`2022`		`2021`
	`£`		`£`
`Ancillarytradingincome`
`Feeextrasandschooltrips`	`238,215`		`185,721`
`Othertradingincome`	`4,295`		`2,368`
	`242,510`		`188,089`
`Nonancillarytradingincome`	`2022`		`2021`
	`£`		`£`
`Interestonoverduefees`	`604`		`-`
`Otherincome`	`1,108`		`1,693`
	`1,712`		`1,693`
	`2022`		`2021`
	`£`		`£`
`Governmentgrantincome— furlough`		`:`	`42,368`
`STAFFCOSTS`	`2022`		`2021`
		`£`	`£`
`Wagesandsalaries`	`1,590,596`		`1,542,958`
`Socialsecuritycosts`	`154,904`		`143,606`
`Pensioncontributions`	`269,531`		`240,740`
	`2,015,031`		`1,927,304`
`TheaveragenumberoftheSchool'semployeesduringtheyearcalculatedon` `was61(2021— 62).`		`average`	`headcount`

`THE`	`ELMS(COLWALL)LIMITED`
`NOTESTO-THEFINANCIALSTATEMENTS`		`(CONTINUED)`
`FOR`	`THEYEARENDED31AUGUST2022`
`4.`	`STAFFCOSTS(continued)`
	`Thenumberofemployeespaidinexcessof£60,000duringtheyearwere`				`asfollows:`
					`2022`		`2021`
					`No.`		`No.`
	`£60,001` `-£70,000`				`1`
	`£80,001- £90,000`				`1`
	`ContributionstotheTeachers’PensionSchemeweremadeforthebenefit`				`ofone(2027`	`-one)higher`
	`paidemployee.PaymentsmadeintheyearforthatmemberofstaffintotheTeachers’Pension`
	`Schemetotalled£29,888(2021— £20,837).`
	`TheTrusteesreceivednoremunerationineitheryear,`		`and`	`noexpenseswerepaid`		`onbehalfof`
	`Trusteesineitheryear.`
	`Duringtheyeartherewasa redundancyortermination`		`paymentsmadewhichamountedto£7,500`
	`(2021-—£22,391).`
	`TheremunerationoftheSeniorManagementTeamwas:`
					`2022`		`2021`
						`£`	`£`
	`SeniorManagementTeamRemuneration`				`563,643`		`557,585`
`5.`	`ANALYSISOFTOTALRESOURCESEXPENDED`				`2022`		`2021`
	`StaffCosts`	`Other`	`Depreciation`		`Total`		`Total`
	`£`	`£`		`£`	`-£`		`£`
	`Charitableactivities:` `Education` `1,425,323` `Welfare` `234,709` `Premises` `145,490` `Marketingandpublicity` `-` `Supportcosts` `209,509` `Grants,awardsand` `.` `prizes`	`375,266` `163,202` `138,891` `42,563` `157,372` `43,310`		`69,694` `-` `75,846` `-` `-` `.`	`1,870,283` `397,911` `360,227` `42,563` `366,881` `13,310`	`1,836,389` `381,552` `373,029` `41,059` `284,900` `25,310` `—`
	`Total` `2,015,031`	`890,604`		`145,540`	`3,051,175`	`2,942,239`
	`Governancecosts(includedwithinsupportcosts)comprise`				`2022`		`2021`
					`£`		`£`
	`Auditor’sremuneration— auditservices`				`9,500`		`8,500`

`THE`	`ELMS(COLWALL)LIMITED`	`ELMS(COLWALL)LIMITED`
`NOTESTOTHEFINANCIALSTATEMENTS`			`(CONTINUED)`
`FOR`	`THEYEARENDED31AUGUST2022`
`6.`	`TANGIBLEFIXEDASSETS`
			`Landand`	`Fixtures`	`Motor`
			`buildings`	`andFittings`	`vehicles`	`Total`
			`£`	`£`	`£`	`£`
	`Cost`
	`At1 September`	`2021`	`3,841,226`	`914,687`	`285,371`	`5,041,284`
	`Additions`		`-`	`5,680`	`-`	`5,680`
	`Disposal`		`-`	`-`	`(161,335)`	`(161,335)`
	`At31August2022`		`3,841,226`	`920,367`	`124,036`	`4,885,629`
	`Depreciation`
	`At1 September`	`2021`	`1,171,196`	`576,146`	`254,537`	`2,001,879`
	`Chargefortheyear`		`75,846`	`56,470`	`13,224`	`145,540`
	`Disposal`		`-`	`-`	`(161,335)`	`(161,335)`
	`At31August2022`		`4,247,042`	`632,616`	`106,246`	`1,986,084`
	`Netbookvalue`
	`At31August2022`		`2,594,184`	`287,751`	`17,610`	`2,899,545`
	`At 31August2021`		`2,670,030`	`338,541`	`30,834`	`3,039,405`
`7.`	`DEBTORS`				`2022`	`2021`
					`£`	`£`
	`NetSchoolfee`	`debtors`			`47,107`	`49,614`
	`Otherdebtors`				`96,695`	`4,140`
	`Prepaymentsandaccruedincome`				`54,471`	`48,038`
					`198,273`	`101,792`
`8.`	`CREDITORS`	`-AMOUNTSFALLINGDUE`	`WITHINONE`	`YEAR`
					`2022`	`2021`
					`£`	`£`
	`Tradecreditors`				`29,674`	`66,691`
	`Taxationandsocialsecurity`				`65,229`	`42,018`
	`Othercreditors`	`andaccruals`			`20,802`	`8,566`
	`Deferredincome- feesreceivedinadvance`		`ofterm`		`258,189`	`309,831`
	`Depositsfrom`	`parents`			`10,993`	`11,000`
					`384,887`	`438,106`
			`17`