|TRUSTEES|R DI Busseg - Chairman|R DI Busseg - Chairman|||
|---|---|---|---|---|
||LJ Mason (resigned 13.6.22)||||
||TJ Bogg||||
||Mrs C M Twlgg||||
||W M Phelan||||
||A E Langsdale|(resigned|13.6.22)||
||Mrs J CVincent||||
||Mrs ECWould||||
||Dr R M Sharpe||||
||I RTyler||||
||A Mansergh
(appointed||14.3.22)||
||Mrs KA Pindar|(appointed||14.3.22)|
|REGISTERED OFFICE|Cromwell
Avenue||||
||Woodhall Spa||||
||Uncolnshlre||||
||LN10 STQ||||
|REGISTERED COMPANY NUMBER|00796794(England and||Wales)||
|REGISTERED CHARITY NUMBER|527611||||
|INDEPENDENT AUDITORS|Wright Vlgar Llmlted||||
||Statal'otv Auditor's||||
||Chartered
Accountants||&|Business Adviser|
||15 Newland||||
||Lincoln||||
||Llncolnshlre||||
||LN1 1XG||||
|BANKERS|Bardays Bank pic||||
||65 Lumley Road||||
||Skegness||||
||Llncolnshlre||||
||PE25 3LU||||
|ACCOUNTANTS|Duncan
gr Toplls Umited||||
||13Northgate||||
||Sleaford||||
||Llncolnshlre||||
||NG347BJ||||
##
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|E|E|E|6|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||4,538||4,538|9,737|
|Charitable
activities||||||||
|School fees receivable||||1,912,548||1,912,548|1,711,695|
|Other educational
Income||||320,718||320,718|262,407|
|Other trading activities||||17,873||17,873|26,1.18|
|Investment
income||||22,485||22,485|7,690|
|Other Income||||5,187||5,187|1,490|
|Total||||2,283,349||2,283,349|2,019,137|
|EXPENDITURE ON||||||||
|Raising funds|||6|12,982||12,982|22,756|
|Charitable
activities||||||||
|Teaching costs||||118,590||118,590|63,309|
|Staff costs||||1,522,910||1422,910|1,445583|
|Support and welfare|costs|||256,443||256,443|272,645|
|Premises costs||||408,695||408,695|173,927|
|Financing costs||||8,446||8,446|8,027|
|Depreciation
costs||||35,780||35,780|36,807|
|Total||||2,363,846||2,363,846|2,023,454|
|NET INCOME/(EXPENDITURE)||||(80,497)||(80,497)|(4,317)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||1,506,269||1,506,269|1,510,586|
|TOTAL FUNDS CARRIED FORWARD||||1,425,772||1,425,772|1s506,269|
##
##
|STATEMENT OF FINANCIAL POSITION
31AUGUST 2022||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|E|E|E|E|
|FIXEDASSETS
Tangible assets|13|1,633,220||1,633,220|1,669,000|
|CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand|14
15|38,217
636,515
157,724||38,217
636,515
157,724|32,517
559,283
170,727|
|||832,456||832,456|762,527|
|CREDITORS
Amounts
falling due within one year|16|(980,901)||(980,901)|(844,650)|
|NET CURRENT ASSETS||(148,445)||(148,445)|(82,123)|
|TOTAL ASSETS LESS CURRENT UABIUTIES||1,484,775||1,484,775|1,586,877|
|CREDITORS
Amounts
faglng due after more than one year|17|(59,003)||(59,003)|(80,608)|
|NET ASSETS||1,425,772||1,425,772|1,506,269|
|FUNDS
Unrestricted
funds|20|||1,425,772|1,506,269|
|TOTALFUNDS||||1,425,772|1,506,269|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|6|6|
|Cash flows from operating|actlvltles||||||
|Cash generated
from operations|||||138|58,935|
|Interest element of hire purchase
payments||||paid|(2,054)|(2,054)|
|Net cash (used In)/provided|by operating||actlvlties||(1,916)|56,881|
|Cash flows from Investing|acti vl ties||||||
|Purchase oftangible
fixed|assets|||||(15,525)|
|Interest received|||||27|207|
|Net cash provided
by/(used|in) Investing||actlvltles||27|(15,318)|
|Cash flows from fin an dng|activities||||||
|Hire purchase
repaymehts|In year||||(11,114)|(11,382)|
|Net cash used in flnandng|actlvltles||||(11,114)|(11,382)|
|Change in cash and cash equivalents||In the|||||
|reporting period|||||(13,003)|30,181|
|Cash and cash equivalents|atthe beglnnlng|||of|||
|the reporting
period|||||170,727|140,546|
|Cash and cash equivalents|at the end|of|the||||
|reporting
period|||||157,724|170,727|
##
##
##
|RECONCIUATION|O|F NET|EXPEND|ITURE TO N|ET CASH FLOW FROM OPERA|TING ACTIVITIE|S||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||E|E|
|Net expenditure
Activities)|for the||reporting|period (as|per the Statement of Flnandal||(80,497)|(4,317)|
|Adjustments
for:
Depreclatlon
charges|||||||35,780|36,808|
|Interest received|||||||(27)|(207)|
|Interest element|ofhire purchase|||and finance|lease rental payments||2,054|2,054|
|Increase In stocks|||||||(5,700)|(1,288)|
|Increase In debtors|||||||(77,232)|(63,884)|
|Increase In creditors|||||||125,760|89,769|
|Net cash provided||by operations||||||58,935|
|ANALYSIS OF CHANGES|||IN NET FUNDS||||||
|||||||At1.9.21|Cash flow|At31.8.22|
|||||||6|6|E|
|Net cash|||||||||
|Cash at bank and|In hand|||||170,727|(13,003)|157,724|
|||||||170,727|(13,003)|157,724|
|Debt|||||||||
|Flnanceleases||||||(26,456)|11,114|(15,342)|
|||||||(26,456)|11,114|(15,342)|
|Total||||||144,271|(1,889)|142,382|
##
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##
|DONATIONS|AND LEGACIES|AND LEGACIES|||
|---|---|---|---|---|
||||2022|2021|
||||E|6|
|Donations|||3,226|109|
|Grants|||1322|9,628|
||||4,538|9,737|
|Grants received, Induded||In the above, are asfollows:|||
||||2022|2021|
||||f|F.|
|Coronavlrus|Job Retention|Scheme|1312|9,628|
|OTHER TRADING ACTIVITIES|||||
||||2022|2021|
||||E|E|
|Shop Income|||17,873|26,118|
|INVESTMENT INCOME|||||
||||2022|2021|
||||E|f|
|Rents received|||22,458|7r483|
|Deposit account Interest|||27|207|
||||22,485|7,690|
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||Activity||||6|E|
|Boarding pupgs|||School fees receivable||||211,227|230,123|
|Day pupils|||School fees receivable||||1,701,321|1,481,572|
|Pupils extras|||Other educational||Income||131,998|108,009|
|Nursery|||Other educational||income||79,225|54,486|
|Early years funding|||Other educational||Income||66,548|46,567|
|SEN funding|||Other educational||Income||42,947|53,345|
||||||||7,233,266|1,974,102|
|RAISING FUNDS|||||||||
|Other trading|actMtles||||||||
||||||||2022|2021|
||||||||E|6|
|Purchases|||||||12,982|22,756|
|CHARITABLE|ACIIVITIES COSTS||||||||
||||||||Support||
|||||||Direct|costs (see||
|||||||Costs|note 8)|Totals|
|||||||E|E|E|
|Teaching costs||||||118,590||118,590|
|Staff costs||||||1,522,910||1,522,910|
|Support and|welfare costs|||||226,763|29,680|256,443|
|Premises costs||||||408,695||408,695|
|Ffn an dog costs||||||2,054|6,392|8,446|
|Depredation|costs|||||35,780||35,780|
|||||||2,314,792|36,072|2,350,864|
|SUPPORT COSIS|||||||||
||||||||Governance||
|||||||Finance|costs|Totals|
|||||||E|E|E|
|support
and|welfare costs||||||29,680|29,680|
|Financing costs||||||6,392||6,392|
|||||||6,392|29,680|36,072|
|NET INCOME/(EXPENDITURE)|||||||||
|Net Income/(expenditure)||Isstated|after charging/(crediting):||||||
||||||||2022|2021|
||||||||E|6|
|Auditors'
rernuneratlon|||||||4,650|5,370|
|Depreciation|-owned assets||||||22,946|23,974|
|Depreciation-|assets on hire purchase|||contracts and finance leases|||12,834|12,834|
|Accountancy|fees||||||11,277|10,188|
##
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##
|Trustees' expenses|||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|6|
|Trustees' expenses|||||409|59|
|Expenses were reimbursed||to one trustee during the||year for travel expenses.|||
|STAFF COSTS|||||||
||||||2022|2021|
||||||6|6|
|Wages and salaries
Sodal security costs
Other pension costs|||||1,252,834
107,049
160,166|1,185,805
99,344
160,834|
||||||1,520,049|1,445,983|
|The average monthly|number ofemployees||during the year was as follows:||||
||||||2022|2021|
|Teaching staff
Domestic staff|||||37
16|34
16|
|Administration
staff|||||6|5|
||||||59|55|
|The number ofemployees||whose employee|benefits|(excluding employer|pension casts) exceeded 660000was:||
||||||2022|2021|
|E60,001-E70,000|||||1|1|
##
|COMPARATRIES FOR THE STATEMENT OF FINANCIAL AC|ITVITIFS|||
|---|---|---|---|
||Unrestdcted|Restricted|Total|
||fund|fund|funds|
||6|6|E|
|INCOME AND ENDOWMENTS FROM||||
|Donations
and legacies|9,737||9,737|
|Charitable
activities||||
|School fees receivable|1,711,695||1,711,695|
|Other educational
Income|262,407||262,407|
|Other trading activities
Investment
Income|26,118
7,690||26,118
7,690|
|Other Income|1,490||1,490|
|Total|2,019,137||2,019,137|
|EXPENDITURE ON||||
|Raising funds|22,756||22,756|
##
##
##
||||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
||||||fund|fund|funds|
||||||E|E|F.|
|Charitable
actlvltles||||||||
|Teaching costs|||||63,309||63,309|
|Staff costs|||||1,445,983||1,445,983|
|Support and welfare|||costs||272,645||272,645|
|Premises costs|||||173,927||173,927|
|Hnandng
costs|||||8,027||8,027|
|Depreclatlon
costs|||||36,807||36,807|
|Total|||||2,023,454||2,023,454|
|NET INCOME/(EXPENDITURE)|||||(4,317)||(4,317)|
|RECONCIUATION|OF||FUNDS|||||
|Totaf funds brought||forward|||1,510,586||1,510,586|
|TOTAL FUNDS CARRIED FORWARD|||||1,506,269||1,506,269|
|TANGIBLE FIXEDASSETS||||||||
|||||Freehold|Plant and|Motor||
|||||property
E|machinery
f|vehkles
E|Totals
E|
|COST||||||||
|At 1September 2021|||and 31August 2022|1,878,737|557,177|85,559|2,521,473|
|DEPRECIATION||||||||
|At 1September 2021||||298,970|518,382|35,121|852,473|
|Charge foryear||||17,127|5,819|12,834|35,780|
|At 31August 2022||||316,097|524,201|47,955|888,253|
|NET BOOK VALUE||||||||
|At 31August 2022||||1,562,640|32,976||1,633,220|
|At31August 2021||||1,579,767|38,795|50,438|1,669,000|
|Hxed assets, Included|||In the above, which are held under hire purchase||contracts are as follows:|||
||||||||Motor|
||||||||vehicles|
||||||||E|
|COST||||||||
|At 1September 2021|||and 31August 2022||||85,559|
|DEPRECIATION||||||||
|At 1September 2021|||||||38,502|
|Charge for year|||||||12,834|
|At 31August 2022|||||||51,336|
|NET BOOK VALUE||||||||
|At 31August 2022|||||||34,223|
|At 31August 2021|||||||47,057|
##
|14,|STOCKS|||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||6|E|
||Stocks|||||38,217|32,517|
|15.|DEBTORS'.AMOUNTS|||FALUNG DUE WITHIN ONE YEAR||||
|||||||2022|2021|
|||||||6|f|
||Trade debtors|||||516,072|520,214|
||Otherdebtors|||||95||
||Prepayments|and accrued Income||||120,348|39,069|
|||||||636,515|559,283|
|16.|CREDITORS'.AMOUNTS||||FALUNG DUE WITHIN DNE YEAR|||
|||||||2022|2021|
|||||||F.|E|
||Hire purchase||(see note||18)|11,114|11,114|
||Trade creditors|||||61,477|25,727|
||Sodal security
Other creditors||and other||taxes|28,203
20,487|26357
19,973|
||Accruals and|deferred||Income||859,620|761,579|
|||||||980,901|844,650|
|17.|CREDITORS: AMOUNTS||||FALLING DUE AFTER MORE THAN ONE YEAR|||
|||||||2022|2021|
|||||||E|6|
||Hire purchase
Accruals and|(see note 18)
deferred Income||||4,228
54,775|15~2
65,266|
|||||||59,003|80,608|
##
|against fees char|geable
In|the future.||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|6|
|Opening
balance||||4,091|4,091|
|New deposits||||||
|Fee payments||||(4,091)||
|Closing balance|||||4,091|
|LEASING AGREEMENTS||||||
|Minimum
lease|payments|fall due as follows:||||
||||Hire|purchase|contracts|
||||2022||2021|
||||6||f|
|Net obligations
repayable:
Within one year
Between one and five years|||11,114
4,228||11,114
15,342|
||||15342||26,456|
|LEASING AG|R|EEM|ENTS - co|ntin|ued||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Non-cancegable|operating|
||||||||||leases||
||||||||||2022|2021|
||||||||||f|E|
|Within one|year||||||||21,154|8,445|
|Between one||and|five years||||||31,200|7,774|
||||||||||52,354|16,219|
|SECURED DEBTS|||||||||||
|The following||secured debts||are|included|within creditors:|||||
||||||||||2022|2021|
||||||||||E|E|
|Hire purchase||contracts|||||||15,342|26,456|
|The hire purchase|||Rabgity Is|secured on the underlying|||assets.||||
|MOVEMENT|IN FUNDS||||||||||
||||||||||Net||
||||||||||movement|At|
|||||||||At 1.9.21|In funds|31.8.22|
|||||||||6|6|E|
|Unrestricted|funds||||||||||
|General fund||||||||1,506,269|(80,497)|1,425,772|
|TOTAL FUNDS||||||||1,506,269|(80,497)|1,425,772|
|Net movement||In funds, Induded|||In the above are as||follows:||||
|||||||||Incoming|Resources|Movement|
|||||||||resources|expended|In funds|
|||||||||E|E|E|
|Unrestricted|funds||||||||||
|General fund||||||||2,283,349|(2,363,846)|(80,497)|
|TOTALFUNDS||||||||2,283,349|(2,363,846)|(80,497)|
|Cornparatives||for moyement||In funds|||||||
||||||||||Net||
||||||||||movement|At|
|||||||||At19.20|In funds|31.8.21|
|||||||||E|E|E|
|Unrestrlr ted|funds||||||||||
|General fund||||||||1,510,586|(4,317)|1,506,269|
|TOTAL FUNDS||||||||1,510,586|(4,317)|1,506,269|
##
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