|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|
##
##
##