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2022-08-31-accounts

Contents Pa'ge
Refererice and.Administrative
Details;
Trustees'
Report
Statement
ofTrustees'
Responsibilities
Independent
Auditoi'-s
Report.on.the Financial		 Statements
Statement
of..Financia'I
Activities.
incorporating
income
.8 Expenditure		 Account
Balance Sheet„
Statement
of,Cash F'lows		 1.4
Notes forming
part ofthe Financial Stat'ements,		 incorporating
Statement
of.Accounting
Policies		 15'
Other Notes to.the Financial. Statement's 1:9

People
Academic year, 2021/22. saw the start of Paul Merrell's tenure as our school lead. Staff joining the
school viere;
V Highams: Operations
Manager
T Khan Class Teacher
SMosses SENDCo. Admin'istiator:
J:Northafl Finance Admini'strator
D'Woolley Class Teacher
L.Westwood' Class Teacher
M Brookes Subject Teacher
N McDonald Subject/Class
Teacher
K Marchbank Subject T'eacher
J:Brookes Subject Teacher
,And leaving school:
A'Barnsdale. Class Teacher
H Bergink Cleaner
TBurwood: Subject:Teacher:

Restricted 'RestrIct'ed Total T.oiai
.Unrestricted pension general 2021/22, 2020I21
:funds fund :funds as restated
Notes: K 1K f
Income from
Donations
and legacies		 3 110: 110 12;5326'
Charitable
activities:		 6.
Fee,income 1;620;292 1;,620;292 1',607' 0,1 1
Miscellaneous
income.		 61;986 6T.;986 1',428
Other trading
activltie's		 4. 1;394.
investment's 5 1 271 1„27:1 .2f233:
Total . '1,,683;659 1,683,659: '1';624;692'.
Expenditure on::
.Raising. funds: ? 11,584
Cha'ritable
'activities		 8.
Flriance cost's (187,433),,
Education costs 1';442;862 (60,000) :1,382,862, .1,21,9,533
School adrnlhistratton. co'sts 208;3'l.4. ,208,31.4. '228,880
P'remises costs 18'1 7301 181:,.730 1901563
Tot'al 1;8321906 ' 60 GOO 1;772,906 1;463,127
Net iricbinel(expenditure) after transfers (149,247)1 60;000. (89;247)1 161,265
Other. recognised. gains/(losses)
Actuarial. gainsf(losses), on, definett
benefit pension schemes .21 209;060. 209',000
Net'move'ment
in:funds		 (149„247) 269;;000 119l253 '161„266'
Reconciliatioii
offunds
Tot'al fu'rids
brou'ght
forward		 181 732-',904 .(.1,034,000)' 54;,515 '(246;581) 626 .1'54
.Prioi yea'r. adjustment. 23 (15034',000);
Total:funds; carried forward 583;657 (765',000)' 54;5'15 ',(126;828). (246,58.1:),

Restricted Restricted 2022 72021
rUnrestiicted pension general TTot'al Total,
fuiids: fund; funds. :asrestated.
;Notes rK. Rh 6n
Fixed assets
Taiigible assets 14 126;4?0 17.6;470 185,357
C'urrent assets
Stocks 15, 16;147.
Debtors, 16 481;980 481,;980 4477;139
:Cash at.bank and In hand 39741 54;515 944256 290,743
521,7.21 54,515 576;236 '754,029
;Lllablllties'
.Creditors:;am'ounts falling.
due within, one year; 1? '114,534, 11'4534 '151.967
,Net' current;assets '407,187 54,'515 461,702 6025062
Net as'sets excluding pension liability 583,657 54,515 638;172 778?,419,
DeRhed benefit pension sclieme liability 21 (765;000)' (765;000) (1,034;000)
Total';net:asset's 5839657 (765,000):54',515, (126.828) (246,581')
Fund's ofthe.academy trust
Restricte'd'fund's
Restricted
incom'e fund
Pensioii''reserve		 54,51,5;54;515j
~765;000
~7,034000
',
(7,10.485) (979,485)
Unrestrlct'ed
income		 fund 18'. '583',657' 732',904
Tot'al fundsr (126,828). (246;581)'

Notes 2021/22 '2020I21
R .R.
Cash flows,from operating activities
Net cash used 'in operating activities '19 (1,92 77,5.) (96',095)
Cash flows'from
investing		 activities
Purchase of'tangible
fixed		 assets (3',712), ,(7„456:)
Interest received 220;
Net.cash used in investing: activities (3?12')' (?;236)'
Change
in		 cash and cash equivalents in the reporting
period (196,487): (1.0333'1')
.Cash. and cash. equiy'alents at 1 September: 2621 290,743 394;074.
Cash' an'd. cash equivalerits at31.August:2022 20' '94,.256. .'290;74'3:

8.; Donations:and
legacies
:Urirestricted Restricted 2021I22 2020/21
funds' funds Total Total
f'
Donations 110' 110 12,326
11,0, 1'1'0 1,2;326
4. Other tradin'g'activities:
.Unrestricted Restricted, 2021/22, .2020/21
funds: fu'nds: Tofal Total'
,Bo'okshop 1/394
1',394
5, Iri'vestment„income
Unrestricted' Restricted 2021/22 2020/21
funds funds Total 'Total
Rental income. 1,;271 1;27,1' '2,013'
Interest ieceiyable .220
1;271: 1.,271 . . 2,233

ncome from c aritable
 activities
:Unrestricted Restricted 2021/22 2020/21
funds furids Total Total
Activity R
'Gross' IuItion fees' receivabl1e Fee incorn'e, 1',605;658 1,';605;658' 1;,663,785'
:Staffreducticns: Fee income: (500) :(500) (79;439)
Beaidi'n'g,
'.inc'ome		 Fee income, 15';134: 1;5,134 ,22:,665
'Goveramen't:grants.
Miscella'n'eous,
I'ncome-		 Misc:income
Misc'.Income		 'I;80,0.
60 186.		 '1,800
.60;186		 12,509'
~11081
1;,682,278. 1,682,278. 1,608.439
.Giants receiv'ed lricl'uded above-are as follows, , 2021I22: 2020/21
Total Total
f.
'		 K.
'Cororiavirus Job Retention', Scheme 1,800 11.,048
Miscellaneous ihco'me 1.;461:
:1,800 '12,509

aising funds.
Unrestricted' Restiicted '2021I22' 2020/2'1
funds funds Total Total
f. R. K
Other trading, activities
Purchas'es '3;231
Staff costs. '8,'353:
111584'

Charitable
activities		 costs
Restricted4
Unrestricted pension 2021/22, 2020/21'
funds fund! Total Total.
Finarice costs (-187,.;433);
Education costs 1:,4'42,862. (60;000) '1',382;862:. 1,21.9,533.
:School ad'ministratiori costs
'
Direct".costs 1977307. 197,307( 215;159;
'Support costs: (note 19). 1.1;007' 1'1,007 1'3,721
Premises, .costs 181,7-30 181,730. 190,563
1:882'.906 ~60;000 ' 14772,906 1,451;543

upport costs:
Governance. -cost'
.2021'I22; 2020/21
Total Total
School.administration, costs. 41.'007 '13;721'
11:.;607 13.72;1
Net income/(expenditure)
Net income/(expenditure) for the. period.includes. ::
'2'021/22;2020/2. 1'
Operating
leases		 - plant and:machihery 1'1l,521
Depreciation 12;599 135?72
,Fees:payable: to auditor. —..audit 8.0002. . . . 7'264: .

2021/22: '2020/21
Wages', and1salar)es'. 24,000 23;868
Social'security/ costs :608 '2,080
Pen'sio'ri; c'osts .2„157 529
261765 26,477

Staff
1
a);Stiff.costs
:Staffcosts duri'ng the pe'rlo'd were:
2021/22 2020/21
W1ages, and salaries 1,',041,458. 1,178;4'76
Social;security costs 75',704 68,262.
Pension: costs' 102;921 1'48;593
Agency 58,763
1 278848 . 1,385;331

Comparatives
for the		 stat'ement
of.fihanc		 ial
actlv'ities:
Rest'r'icted Restricted Total,
.Unr'estricted pension gen,eral ,2020/21'
funds fund funds as:restate'dr
f.
'.		 rf
Income. from.:
Donations
and legacies		 7;-507 4;81.9 :1,2;326:
Charitable; activities:
Fee income 1,607:,01'1: 1;,'6,07,0.1:1
Miscellaneous
income.		 1,428 1;428'
Other trading
activities		 1';394' '1,394
Investments .2,238 2;233:
Total 1,619;573 .4',819. 1';624;392:
Expenditure on:
R'aising funds 11',584: 1;1,584.
Charitable
activities:
Finance costs (187;4'33) ('187',433)
Education costs' 1;219,53.3: 1';219,533
.School,a'dminist'ration costs 228,880.
'		 228;8&.0'
P'remises costs 190,563 190-,563:
Total 1',463'-,1r27 1,,463,1,27
Net'.income/(expenditure) 156,446, '4',81:9; 161;265.
Recon'ciliation
offunds
Total funds brought, forward 576',458. 49,696i 626„15'4
Piio'r year adjustment (note 23): i(1,034 000): (1;03'4.000)'.
Total:funds carried forward ?32904= 1;034,'000 . '54;515, ; 246,581';

Funds
Balance at:
1September Gains, Balance'at
2021 tosses and 31August
as restated Income Expenditure* 'transfei s 2022
6
Restricted. general funds
Vision Project (New Building Fund) 49,696. 49;696
ASIM Music: Fund 41819: 4;8,19
54',515 54,51:5
Pension reserve. ~1034;00D 60;000: 209;000 ~765,000
Total restricted funds ~979;485 60.000- 209.000 ~776.485
Unrestricted funds:
General
Fund		 703,916' 1,683,659 (1,832;906), :554,669
Staff Housing Fund :28,988.
732.904		 1.683;659 ~1.832;906 28,988'
.583,657
Total funds ~2461581:: 1.683:659 ~7,7727906 209 000 ~126,828
Comparative information in respect.ofthe prece'ding period is as.follows
Prior.year' ',.Balance: at'
Balance:at, adjustment 31August
1 September' and 2021
2020 Income Expenditure transfers as restated,
Restricted. funds
Vision, Project (New Building, Fund) 49,696 49,696'
ASIM Music Fund 4,819: 4 819;
49,696 4',819 54,515
.Pension reserve ~1034000 ~1.034 10DO:
Total restricted funds 49,696' 4,819: ~1.034;600. ~979:485.,
Unrestricted funds
General
Fund		 5'46,084 1,619;5'73 (1,463,.127); 1;386, 703:;9116
Staff Housing Fund .30,374 ,1,386 28;988
576,456:, 1,619,573 ~1„463127: 732,'904
Total.funds 626!454 '1,624;392 ~1A'63,127,. ~1;034'OD9 ' ~246681:

A current ye ar and prior year. com bined
position, i		 s:.as:follows:. :
Prior year,
. Balance at; adjustment, Balance at:
1.September ga1ns and .31August
2020 Income:
,f		 Expenditure transfers 2022
g,
Restri'cted, funds'.
Vision Project;(New. Building Fund) 49;696 49,696
ASIMiIVlusi'c Fen'd - 4,8191 4,819
49;696 .478:19 54,515
Pensibn reserve 6D,D'00: ~825;000 ~765;000
Total restIricted, fuiids .49,696 4;819.
'		 60,,000 ~825;000 ~10,485
I.
U'nrest'ricted. funds
General 'Fund
Staff- Housin'g,		 Fund' 546,084.
30',374:		 3;303',232'
-		 .(3,296,0333.
-.		 17386
~1:;386		 554;669
28,988.
576,4'5& 3;303'.232, ~3:.296;D39: - .583;657
Total funds 626;154: 3,308,051 ~3;236;033 ~8257000 ~126,828

At:31 At 31
.August;2022, .August'2021
Discount late foi'scheme' liabilities 420% 1 50%
Inflation assumption
(RPI):		 370%. :3120%
Inflation assumption
(CPI)'		 '3.26% 2,60%
Rateiof~ in'crease:for'pe'nsion's. :in paymenti
- post, 1988GMP '2;60% 280%
-6.:A'prii 199?to'5 Aprili2005 service 3"10% 2;60%
-po'st'.6 A'priI)i'2005 service 2.20% 200
Revalue'ti'on'
of;deferred' pens'ions		 in.excess.of.GMP 3:20% 2.60%
'The current mortality-assumptions include: sufficient allowance for
future:I'mprav'e'ments,
in mortality		 rat'es; The assumed life.
expectations on ret'iiernent, 'age 65::are::
At 31, At 31.
August 2022 August 2021
:Retiring today'
'Males: 22.0, 22;0
Females 24:4' 24.4.
RetlrIiig
iri'20		 'years':
,Mal'esI 23.3: 233
Females: 25,8' 25'.8;
Th'e a'ca'dem'y tr'ust', s's'hare. ofthe assets Iri"the1schem'e wa's:
At;31 At 31
August 2022 AU9ust'2021
E'
E'quitIes 820;0,0.0 831',00'0
Diversified
credit: funds		 ;277,000 3.14,000
:Liability. driven' Investments 1;71,000 .375;000
Diversified
growth 'funds.		 272„000 342,0,06
C'ash 105005 1'49,000
Total:market value of:assets; 1;645,000 2;01 1',000

No tes to the financial, statemen tes to the financial, statemen ts
for the year ended 31August 20		 ts
for the year ended 31August 20		 22:(continued)'
21. Employee. benefit obligation's (continued)
A'mourit'ie'co'gnised
in the:statem'ent: offiriancial activities		 ;2021/22'
Current-service
cost		 (1'.12,000)'
Interest income. .(30,000):
Interest cost 45,000
Admiriistratiori
expenses
Total amount'recognised		 iri,the SOFA 37,000
~60,000:
Changes
in the present value		 of defi'ried: be'nefit:obligations
were as,follows: 2021/22 2020/21
At 1 September 2021 30045,000
Pension benefits;. paid (103;000)
Interest cost' :45;000
Actuaria1 gairis
-:change of		 basis. (678,000.)'
Actuarial losses -.experience
At 31,August, 2022		 101',000,.
,2,4'10,00.0':3,045;00.0,
Changes
in the fair value		 ofacademy's share ofscheme
assets were as follows: 2021/22 2020/21:.
E
At 1 September 2021 2,0.1'1,000
Perision benefits paid ;(1.03;000)
Employer: contribution 112;000
Adminis'tration
expenses		 (37,;000)'
Interest'income .30,000
Return
on assets excluding		 interest iiicome ~368:ODD
'At 31Au'gust 2022, 1,645;000:2',011 QQO
Net pension scheme: liability (765000)::(1.034'006)

Tuition fees'charged Tuition fees'charged to trustees'and
'amou'nts
outstanding
at.the		 end'. of,the year'were as follows: ;.2022 .2021'.
Tuition fees 3.1,',QQS, 3,1';574;
Amounts;owed: at the;balance
sheet:dat'e		 6 120