| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 7 |
| Report ofthe Independent Auditors |
8 | to | 10 |
| Statement ofFinancial Activities |
|||
| Balance Sheet | 12 | ||
| Cash Flow Statement | 13 | ||
| Notes to the Cash Flow Statement | 14 | ||
| Notes to the Financial Statements | 15 | to | 28 |
| for | eYea | r Ea ed31 3 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| INCOME AND ENDOWMENTS FROM | Notes | k | |||
| Donations and legacies |
3 | 104,485 | 104,485 | 75,064 | |
| Charitable activities |
|||||
| Charity's educational operations |
4,243,968 | 4,243,968 | 3714928 | ||
| Other trading activities Investment income |
4 5 |
24)636 8,818 |
24,636 8 188 |
16,404 184 |
|
| Total | ~,381987 | ~381 L7 |
3,806,580 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Charity's educational operations |
4 184,497 | 1,992 | 4,156,489 | 3,628 050 | |
| NET INCOME/(EXPENDITURE) | 227,410 | (1,992) | 225,418 | 178,530 | |
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward |
2,660,312 | 1,992 | 2,662,304 | 2,483,774 | |
| TOTAL FUNDS CARRIED FORWARD | ~288~7722 | 2 887722 | 2,662 '04 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | fund | funds | funds | |||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets Investments |
14 15 |
4,423,096 100,719 |
4,423,096 100,719 |
4,463,362 100,718 |
||
| 4,523,815 | 4,523,815 | 4,564,080 | ||||
| CURRENT ASSETS | ||||||
| Stocks | 16 | 449 | 449 | 715 | ||
| Debtors Cash at bank and in hand |
17 | 1,214,430 430423 |
1,214,430 4307423 |
1,158,810 302,018 |
||
| 1,645,302 | 1,645,302 | 1,461,543 | ||||
| CREDITORS | ||||||
| Amounts falling |
due withht one year | 18 | (1,837,162) | (1,837,162) | (1,789,471) | |
| NET CURRENT ASSETS | ~190860 | ~291,8601 | ~327924 | |||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 4,331,955 | 4,331&955 | 4,236,152 | |||
| CREDITORS | ||||||
| Amounts falling |
due after more than one year | 19 | (1,444,233) | (1,444,233) | (1,573,848) | |
| NET ASSETS | 2,887722 | ~1887722 | 2 666304 | |||
| FUNDS | 23 | |||||
| Unrestricted funds Restricted funds |
21887,722 | 2,660,312 1,992 |
||||
| TOTAL FUNDS | 2,887,722 | 2,662,304 |
| T 8 |
T 8 |
ILhni | |||||||
|---|---|---|---|---|---|---|---|---|---|
| ~C~HowS | i~tent | ||||||||
| for the | r Ended | Jut | 2 | ||||||
| 2022 | 2021 | ||||||||
| Notes | |||||||||
| Cash flows from operating | activities | ||||||||
| Cash generated from operations Interest paid |
474,238 ~63 122 |
325,858 ~54306 |
|||||||
| Net cash provided by operating activities |
~411116 | 271 552 | |||||||
| Cash flows from investing | activities | ||||||||
| Purchase oftangible fixed assets Purchase offixed asset investments Interest received |
(156,929) (I) ~8818 |
(551,650) (202) 184 |
|||||||
| Net cash used in investing | activities | 551668 | |||||||
| Cash flows from financing | activities | ||||||||
| New loans in year Loan repayments in year Capital repayments in year |
(128,040) ~659 |
250,000 (24,247) ~II.7i2 |
|||||||
| Net cash (used in)/provided | by financing | activities | 99 | 214041 | |||||
| Change in cash and cash equivalents |
in | ||||||||
| the reporting period Cash and cash equivalents |
at the | 128,405 | (66,075) | ||||||
| beginning ofthe reporting | period | ~302 018 | 368093 | ||||||
| Cash and cash equivalents | at the end | of | |||||||
| the reporting period |
430,423 | 302018 |
| ACTIVITIES | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Net income for the | reporting | period (as per the Statement ofFinancial | ||||
| Activities) Adjustments for: |
225,418 | 178,530 | ||||
| Depreciation charges Interest received Interest paid Decrease in stocks |
197,195 (8,818) 63,122 266 |
67,403 (184) 54,306 150 |
||||
| Increase in debtors Increase in creditors |
(55,620) 52,675 |
(96,353) ~122006 |
||||
| Net cash provided | by | operations | ~474 238 | 325 858 | ||
| ANALYSIS OF CHANGES | IN NET DEBT | |||||
| At 1.8.21 | Cash flow | At31.7.22 | ||||
| Net cash | 8 | 8 | ||||
| Cash at bank and in | hand | ~302 018 | 128,405 | 430,423 | ||
| 302,018 | 128,405 | 43D323 | ||||
| Debt | ||||||
| Finance leases Debts falling due within Debts falling due after |
1 | 1 year year |
(6,559) (133,686) (1~573848 |
6,559 (1,575) ~129615 |
(135,261) (1~444)233 |
|
| (1~714,093 | 134,599 | (1~579)494 | ||||
| Total | (1~412,075 | 263,004 | (1~149,071 |
| 'de h |
Sc LI |
ited | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | to | ' auclul | State | -continued | ||||||
| for | the Year Ended 313 I | 2022 | ||||||||
| DONATIONS | AND LEGACIES | |||||||||
| 2022f | 2021 | |||||||||
| Donations | 99,485 | 23,155 | ||||||||
| Coronavirus Job Retention Grants |
Scheme | ~5000 | 51,909 | |||||||
| ID0485 | 75,064 | |||||||||
| Grants received, | included | in | the above, | are as follows: | ||||||
| 2022 | 2021 | |||||||||
| f | ||||||||||
| Apprentice Grant |
~5000 | |||||||||
| 4. | OTHER TRADING ACTIVITIES | |||||||||
| 2022f | 2021 | |||||||||
| Facility lettings | 14,709 | 972 | ||||||||
| Commissions | 496 | 737 | ||||||||
| Fundraising | ~9431 | 14,695 | ||||||||
| 24,636 | 16,404 | |||||||||
| 5. | INVESTMENT | INCOME | ||||||||
| 2022 | 2021f | |||||||||
| Deposit account | interest | ~8818 | 184 | |||||||
| INCOME FROM CHARITABLE | ACTIVITIES | |||||||||
| Activity | 2022f | 2021 f. |
||||||||
| Tuition fees | Charity's | educational | operations | 3,799)864 | 3,573,325 | |||||
| Catering | Charity's | educational | operations | 256,557 | ||||||
| Examinations | Charity's | educational | operations | 51,197 | 36,990 | |||||
| Transport/locker | charges | Charity's | educational | operations | 125,409 | 82,345 | ||||
| Holiday/Alter school care Uniform sales/IT Maintenance |
Charity's Charity's |
educational educational |
operations operations |
6,419 4522 |
22,303 ~35) |
|||||
| 4243,968 | 3,724,928 |
| 7. | CHARITABL | E AC | TIVITIES COSTS | ||||
|---|---|---|---|---|---|---|---|
| Direct | Support | ||||||
| Costs (see | costs (see | ||||||
| note 8) | note 9) | Totals | |||||
| Charity's educational |
operations | ~2569 19 | 1,586,670 | ~4156,489 | |||
| 8, | DIRECT COSTS OF CHARITABLE ACTIVITIES | ||||||
| 2022 | 2021 | ||||||
| Staffcosts Travel and trips Educational supplies |
2,262,068 147,218 135,511 |
2,203,563 130,889 122,617 |
|||||
| Agency costs | 25,022 | 1,194 | |||||
| 2,569,819 | ~2,458 63 | ||||||
| 9. | SUPPORT COSTS | ||||||
| Governance | |||||||
| Management | costs | Totals | |||||
| Charity's educational |
operations | ~1420852 | 65818 | I 586 670 | |||
| Support costs, | included | in the above, are as follows: | |||||
| Management | |||||||
| 2022 | 2021 | ||||||
| Charity's | |||||||
| educational | Total | ||||||
| operations | activities | ||||||
| Support staff costs Welfare costs Premises costs Administration costs Grants awarded to pupils Finance costs Depreciation |
476,276 140,615 351,214 131,950 132,357 73,807 197,195 |
389,408 8,841 292,892 122,738 168,446 62,421 67,403 |
|||||
| Agency costs | 17,438 | ||||||
| ~2525,552 | ~2,112149 |
Governance costs |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| Charity's | |||
| educational | Total | ||
| Wages Audit & accountancy Other governance costs Legal Ecprofessional fees School inspection |
operations K 31,761 9,119 216 21,286 ~3436 |
activities f 30,532 8,664 220 14,776 ~3446 |
|
| 65,818 | ~57 638 | ||
| NET INCOME/(EXPENDITURE) | |||
| 2022 | 2021 | ||
| Net expenditure for the period |
includes:- | 8 | |
| Operating leases —plant and machinery Depreciation —on owned assets |
23,833 190,848 |
18,810 56,072 |
|
| Fees payable to auditor - audit | - on hire purchase other services |
6,347 8,118 1,001 |
11,331 7,680 984 |
| 2022 | 2021 | |
|---|---|---|
| Wages and salaries Social security costs Pension contributions |
g 2,251,020 199,930 364,276 |
2,114,914 173,025 369219 |
| Total staff costs | ~2815226 | 2,657 158 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Key management personnel |
8 | 7 | ||||
| Teaching staff - Full time | 24 | 31 | ||||
| Teaching staff - Part time | 15 | 12 | ||||
| Teaching support staff |
20 | 16 | ||||
| Administration | 9 | 8 | ||||
| Other | 18 | 11 | ||||
| 94 | 85 | |||||
| The number ofemployees | whose employee benefits (excluding | employer pension |
costs) exceeded | f60,000 was: | ||
| 680,001 —I90,000 | 2022 I |
2021 1 |
||||
| 13. | COMPARATIVES FOR | THE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | ||||
| funds | fund | funds | ||||
| g | 8 | |||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
75,064 | 75,064 | ||||
| Charitable activities |
||||||
| Charity's educational operations |
3,714,928 | 3,714,928 | ||||
| Other trading activities | 16,404. | 16,404 | ||||
| Investment income |
184 | 184 | ||||
| Total | 3 806 380 | ~3806580 | ||||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Charity's educational operations |
3,626,050 | 2,000 | 3,628,050 | |||
| NET INCOME/(EXPENDITURE) | 180,530 | (2,000) | 178,530 | |||
| RECONCILIATION OF |
FUNDS | |||||
| Total funds brought forward |
2,479,782 | 3,992 | 2,483,774 | |||
| TOTAL FUNDS CARRIED FORWARD | ~2660222 | 1,992 | 2,662,304 |
| seaside | bool Lbutt | ad | ||||||
|---|---|---|---|---|---|---|---|---|
| Notes t e |
hone | temeu | -c | ' aed | ||||
| r tbe Year | 31Ju | 2 | ||||||
| 14. | TANGIBLE FIXED | ASSETS | ||||||
| Assets | Furniture | |||||||
| Land and | under | and | Motor | |||||
| buildings | construction | equipment | vehicles | Totals | ||||
| f. | ||||||||
| COST | ||||||||
| At I August 2021 Additions Disposals Reclassification |
4,141,337 260,795 |
428,848 90,141 ~54 909 |
1,251,773 34,628 250 194 |
107,642 32,160 (10,575) |
5,929,600 156,929 (10,575) |
|||
| At 31July 2022 | ~402 132 | 1 | 544,590 | 159,227 | 6075,954 | |||
| DEPRECIATION | ||||||||
| At 1 August 2021 Charge for year Eliminated on disposal |
225,208 130,445 |
1,151,066 52,482 |
89,964 14,268 ~20575 |
1,466,238 197,195 ~20,5751 |
||||
| At 31July 2022 | 355653 | - | ~303'u40 | 93657 | 1,652,858 | |||
| NET BOOK VALUE | ||||||||
| At 31July 2022 | ||||||||
| At 31July 2021 | 3,916,129 | 428,848 | 100,707 | 17,678 | 4,463,362 |
| Cash and | ||||
|---|---|---|---|---|
| settlements | ||||
| pending | ||||
| MARKET VALUE | ||||
| At 1 August 2021 Additions |
100,718 I |
|||
| At 31July 2022 | ~1007l9 | |||
| NET BOOK VALUE | ||||
| At 31July 2022 | ~100719 | |||
| At 31July 2021 | 100,718 | |||
| There were no investment | assets outside the UK. | |||
| The increase in value off.I (2021:5202) relates to interest received. | ||||
| 16. | STOCKS | |||
| 2022 | 2021 | |||
| Stocks | 449 | 715 | ||
| 17. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
| 2022 | 2021 | |||
| Trade debtors Other debtors Prepayments and accrued |
income | 1,151,646 14,104 48,680 |
1,091,680 17,335 49,795 |
|
| 1,214,430 | 1,1588i0 | |||
| 18. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| Bank loans and overdraits (see note 20) Hire purchase (see note 21) Trade creditors Social security and other taxes Other creditors Accruals &deferred income |
8 135,261 48,419 62,031 68,693 1&2258 |
6 133,686 6,559 91,715 45,676 55,535 1,456300 |
||
| ~183~7162 | ~)789,471 |
| 2022 | 2021 |
|---|---|
| 1,280685 | 1,216409 |
| 19. | CREDITORS: A | MOUNTS FALLING DUE AFTER | MORE THAN ONE YEAR | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| f6 | ||||
| Bank loans (see note 20) | ~4444 333 | I 573 848 | ||
| 20. | LOANS | |||
| 2022 | 2021 | |||
| 6 | E | |||
| Amounts repayable |
by instalments: | |||
| In one year or less In over one to five In over five years |
years | 135,261 579,276 464 957 |
133,686 611,969 964 II79 |
|
| 1,579,494 | 1,707,534 |
| Hire purchase | contracts | ||
|---|---|---|---|
| 2022 | 2021 | ||
| 8 | 6 | ||
| Net obligations | repayable: | ||
| Within one year | 6,559 | ||
| Non-cancellable | |||
| operating | leases | ||
| 2022 | 2021 | ||
| Within one year Between one and five years |
20,582 6,651 |
15,474 19357 |
|
| ~27 233 | 34831 |
| 20ZZ | 2021 | |||
|---|---|---|---|---|
| Bank Hire |
loans purchase |
contracts | 1,579,494 | 1,707,534 6559 |
| 1,579,494 | 1,714,093 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.8.21 | in funds | 31.7.22 | ||
| Unrestricted funds |
||||
| General fund | 2,660,312 | 227,410 | 2,887)722 | |
| Restricted funds |
||||
| Hurworth House Bursary |
1,992 | (1,992) | ||
| TOTAL FUNDS | ~2,662 | 225,418 | ~2,887722 | |
| Net movement in funds, included |
in the above are as follows: | |||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| Unrestricted funds |
g | |||
| General fund | 4,381,907 | (4,154,497) | 227,410 | |
| Restricted funds | ||||
| Hurworth House Bursary |
(1,992) | (1,992) | ||
| TOTAL FUNDS | ~481 7 |
I'4,15t5~489 | 225,418 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.8.20 | in funds | 31.7.21 | |||
| Unrestricted funds |
f | ||||
| General fund Designated Fund |
- Foundation | 2,365,510 114,272 |
162,735 17795 |
2,528,245 132,067 |
|
| Restricted funds |
2,479,782 | 180,530 | 2,660,312 | ||
| Hurworth House |
Bursary | 3,992 | (2,000) | 1,992 | |
| TOTAL FUNDS | ~2483,774 | 178,530 | 2,662,304 | ||
| Comparative net movement |
in funds, htcluded | in the above are as follows: | |||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund Designated Fund |
—Foundation | 3,788,785 17,795 |
(3,626,050) | 162,735 17,795 |
|
| Restricted funds |
3,806,580 | (3,626,050) | 180,530 | ||
| Hurworth House Bursary |
(2,000) | (2,000) | |||
| TOTAL FUNDS | ~3806,580 | ~3628 050) | 178,530 |