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|Governors||J Keep|||
|---|---|---|---|---|
|||I Greenshields|||
|||I Smales|||
|||L Keightley|||
|||L Dowie|||
|||I Henderson|||
|||K Bainbridge|||
|||K Manzo|||
|||J Rowley|||
|Charity number||528143|||
|Company|number|00669916|||
|Registered|office|Westfield School|||
|||Oakfield Road|||
|||Gosforth|||
|||Newcastle|upon Tyne||
|||NE3 4HS|||
|Auditor||Haines Watts|||
|||Chartered|Accountants||
|||17Queens|Lane||
|||Newcastle|Upon Tyne||
|||NE1 1RN|||
|Bankers||Barclays Bank PLC|||
|||71 Grey Street|||
|||Newcastle|upon Tyne||
|Solicitors||Wamble Bond Dickinson||LLP|
|||One Trinity|||
|||Broad Chare|||
|||Newcastle|upon Tyne||
|||NE1 2HF|||
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||||Unrestricted|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||Fund|Funds|funds|202'I|2020|
||||general|designated||||
|||Notes|R|||||
|Income from:||||||||
|Donations and legacies
Charitable
activities
Investment
Income
Other Income||3
4
5|86,600
2,288,954
20||14,020
625
851|100,620
2,289,579
871|193,558
2,431,437
1,442|
|Total Income|||2,375,574||15,496|2,391.070|2,626,437|
|Costs of providing
education
Other costs||6
8|2,212,762
81,360|10,292|8,110|2,231,164
81,360|2,365,792
94,782|
|Total expenditure|||2,294,122|10,292|8,110|2,312,524|2,460,574|
|Net gains/(losses)
on investments|||||||(428)|
|Net incomfng resources|before|||||||
|transfers|||81,462|(10,292)|7,386|78,546|165,435|
|Gross transfers between|funds|||||||
|Net incoming resources|||81,452|(10,292)|7,386|78,546|165,435|
|Other recognised
gafns|and losses|||||||
|Revaluation
oftangible fixed assets||||||||
|Net movement
in funds|||81,452|(10,292)|7.386|78,546|165,435|
|Fund balances at 1 September 2020|||1,574,864|47,565|33,223|1,655,652|1,490,217|
|Fund balances at 31August 2021|||1,666,316|37,273|40,609|'1,734,198|1,655,652|
##
|(Operating as Wes|tfleld School)||||||
|---|---|---|---|---|---|---|
|Salance Sheet|||||||
|As at 31August 2021|||||||
|||Notes|||2021|2020|
|Fixed assets|||||||
|Tangible assets||13|||3,904,183|3,SS6,301|
|Investments||14||||23,677|
||||||3,904,183|3,919,978|
|Current assets|||||||
|Stock||15|2,093|||1,264|
|Debtors||18|160,e74|||16S,422|
|Cash at bank and in|hand||146,616|||99,118|
||||309,583|||26e,e04|
|Creditors: amounts|falling due within||||||
|One year||17|( 631,958|)||( 462,922 )|
|Net current liabilities|||||( 232,375 )|( 194,118 )|
|Total assets less current liabilities|||||3,671,808|3,725,860|
|Creditors: amounts|falling due after||||||
|more than one year||17||(|1,847,610 )|( 2,070,208 )|
|Net assets|||||1,734,198|1,655,652|
|Income funds|||||||
|Restricted funds||22|||40,609|33.223|
|r
trio ed funds|||||||
|Designated
funds|||37,273|||47,565|
|General unrestricted|funds||1,656,316|||1.574,864|
||||||1,693,589|1,622.429|
||||||1,734,1S8|1,655.652|
##
##
|||||Notes|2021||2020||
|---|---|---|---|---|---|---|---|---|
||||||R|R|||
|Cash flows from operating||activities|||||||
|Cash generated
from/(absorbed|||by)||||||
|operations||||27|138,242||(151,327)||
|Investing
activities|||||||||
|Purchase oftangible fixed|assets||||( 26,677 )|( 15,789|)||
|Interest received|||||871|1,442|||
|Unrealised
gain on investments||||||428|||
|Proceeds on the sale offixed||assets|||23,677||||
|Net cash (used in)lgenerated|||from||||||
|Investing
activities|||||( 2,129)||(|13,919)|
|Financing
activities|||||||||
|Repayment
ofborrowings|||||||||
|Repayment
ofbank loans|||||( 88,615 )|(133,166)|||
|Payment
ofobligations
under||finance|||||||
|leases|||||||||
|Cash infiows from new borrowings||||||164,000|||
|Net cash used in financing||activities|||( 88,615 )|||30,834|
|Net (decreased)lincrease|in|cash|||||||
|and cash equivalents|||||47,498||( 134,412 )||
|Cash and cash equivalents|at|beginning|||||||
|ofyear|||||99,118||233,530||
|Cash and cash equivalents||at|end ofyear||146,616||99,118||
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|Freehold
land and buildings|2%on cost less 99%residual|2%on cost less 99%residual|value|value||
|---|---|---|---|---|---|
|Equipment|20% reducing|balance (Computer||equipment|20% straight|
||line)|||||
|Fixtures &fittings|15%reducing|balance||||
|Motor vehicles|over expected|useful life of5|years|||
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||||2021f|2020|
|---|---|---|---|---|
|Donations|and gifts||43,119|121,093|
|Government||grants|57,501|72,465|
||||100,620|193,558|
||The government|The government|grants|grants|received|received|during the year relate to the CJRSclaimed.|||
|---|---|---|---|---|---|---|---|---|---|
|4|Income from charitable||||activities|||||
|||||||||2021|2020|
||Provision of|educational|||services|||2,289,579|2,431,437|
||Analysis of|fund||||||||
||Unrestricted|funds —general||||||2,288,954|2,430,974|
||Restricted funds|||||||625|463|
|||||||||2,289,579|2,431,437|
|5|Investments|||||||||
|||||||||2021|2020|
|||||||||E|K|
||Income from|unlisted||investments||||||
||Interest receivable|||||||871|1,442|
|||||||||871|1,442|
|6|Expenditure|on|charitable|||activities||||
|||||||||2021|2020|
||||||||||E|
||Staff costs|||||||1,493,465|1,571,511|
||Education costs|||||||131,287|200,111|
||Depreciation|and|impairment|||||26,908|58,146|
||Support and|governance|||costs (note 7)|||579,504|536,024|
|||||||||2,231,164|2,365,792|
||Analysis
by|fund||||||||
||Unrestricted|funds -||general||||2,223,054|2,352,843|
||Restricted funds|||||||8,110|12,949|
|||||||||2,231,164|2,365,792|
##
##
|7|Support costs|||||
|---|---|---|---|---|---|
|||Support|Governance|||
|||costs|costs|2021|2020|
||||f.|||
||Staff costs|250,891||250,891|247,825|
||Other school costs|182,306||182,306|126,074|
||Premises costs|125,503||125,503|140,608|
||Audit fees||5,250|5,250|5,250|
||Legal and professional||15,554|15,554|16,267|
|||558,700|20,804|579,504|536,024|
|8|Other costs|||||
|||||2021|2020f|
||Financing costs|||81,360|94,782|
##
##
|Staff costs were as follows:|Staff costs were as follows:||||
|---|---|---|---|---|
||||2021|2020|
||||E||
|Wages and salaries|||1,368,678|1,425,092|
|Social security costs|||124,473|129,237|
|Other pension costs|||251,206|275,728|
||||1,744,356|1,830,057|
|The average monthly|number ofemployees|during the year was:|||
||||2021|2020|
||||Number|Number|
|Teaching/Catering|||49|52|
|Support|||7|7|
||||56|59|
##
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|||2021|2020|
|---|---|---|---|
|||Number|Number|
|660,000|- E70,000|1|1|
##
||This is stated|after charging:|||
|---|---|---|---|---|
||||2021|2020|
||Depreciation||18,795|58,146|
||Operating
lease expense||56,122|36,390|
|12.|Auditor'e
remuneration||||
||||2021|2020|
|||||f|
||Fees payable|to the charity's auditors for the audit|||
||ofthe charity's|annual
accounts|5,250|5,250|
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|||||||Unlisted|
|---|---|---|---|---|---|---|
||||||Investments||
||Cost or valuation||||||
||At 1 September 2020|||||23,318|
||Disposal|||||(23,318)|
||Al 31 August 2021||||||
||Historical cost||||||
|15|Stocks||||||
||||||2021|2020|
||||||f||
||Catering
supplies|and|consvmables||2,093|1,264|
|16|Debtors||||||
||||||2021|2020|
||Amounts
falling|due|within one year:||E|f.|
||Trade debtors||||142,961|156,257|
||Prepayments
and|accrued income|||17,913|12,165|
||||||160,874|168,422|
|17|Creditors: amounts||falling due within one year||||
|||||Notes|2021
E|2020f|
||Bank loans|||18|177,444|69,847|
||Obligations
under|finance leases||19|||
||Other taxation and social security||||60,721|31,101|
||Deferred
Income 8 Fees in advance||||292,073|241,928|
||Trade creditors||||30,571|22,274|
||Other creditors||||37,601|30,358|
||Accruals||||33,248|67,414|
||||||631,958|462,922|
##
##
|17|Creditors: amounts
falling due after m|ore than one year|||
|---|---|---|---|---|
||||2021|2020|
|||Notes|f|f|
||Bank loans|1$|1,037,610|1,125,354|
||Other borrowings||810,000|900,000|
||Deferred income|||44,854|
||||1,847,610|2,070,208|
|1B|Loans and overdraft||||
||||2021|2020|
||||f|f|
||Bank loans||1,125,354|1,195,201|
||Other loans||900,000|900,000|
||||2,025,354|2,095,201|
||Payable
within one year||177,744|69,847|
||Payable after one year||1,847,610|2,025,354|
##
|Financial|instrum|ents||||||
|---|---|---|---|---|---|---|---|
|||||||2021
f|2020f|
|Carrying|amount|offinancial||assets||||
|Debt instruments||measured|at amortised||cost|142,961|156,257|
|Equity instruments||measured||at cost less|impairment||23,67?|
|Carrying|amount|offinancial||liabilities||||
|Measured|at amortised
cost|||||2,259,862|2,390,504|
##
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|Year ended 31Au|ust 2021|ust 2021|||||||
|---|---|---|---|---|---|---|---|---|
||||At 1|||||At 31|
||||September|||||August|
||||2020|Income|Expenditure|Transfers||2021|
||||f||R||||
|Unrestricted
funds|||1,574,864|2,375,864|( 2,294,122 )|||1,656,316|
|Designated
funds|||||||||
|Comelius
Project|||6,128|||||6,128|
|Fundraising
Future|Development||41,437||{10,292 )|||31,145|
|Total designated||funds|47,565||( 10,292 )|||37,273|
|Restricted funds|||||||||
|The Prize and Bursary Fund|||5,296|409|(844 )|||4,861|
|The Old Girls' Association|||10,856|404||||11,260|
|The Governors
Fund for Round|||||||||
|Square Projects|||830|||||830|
|The Margaret
Crombie Memorial|||||||||
|Scholarship
Fund|||14,297|663||||14,960|
|The Library Fund|||1,213||( 1,213|)|||
|Mrs Hulls Donation|Fund||115||(115)||||
|Junior House Play|Equipment||616||(616)||||
||||33,223|15,496|(8,110)|||40,609|
|Total|||1,655,652|2,391,070|{2,312,524 )||-|1,734,198|
##
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##
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|The income funds of the charity include restricted funds comprising|||||the following||unexpended|||bal|ances of|
|donations
and grants held on trust for specific purposes:||||||||||||
|Year ended 31Au|ust 2020|||||||||||
||||At 1||||||||At 31|
||||September||||||||August|
||||2019|Income||Expenditure||Transfers|||2020|
|||||||||||F||
|Unrestricted
funds|||1,442,925|2,579,564||( 2,447,625 )|||||1,574,864|
|Designated
funds||||||||||||
|Cornelius Project|||6,128||||||||6,128|
|Fundraising
Future|Development|||46,063||( 12,626||)|8,000||41,437|
|Total unrestricted||funds||||||||||
|Restricted funds||||||||||||
|The Prize and Bursary Fund|||5,321|181||(206 )|||||5,296|
|The Old Girls' Association|||10,393|463|||||||10,856|
|The Governors
Fund for Round||||||||||||
|Square Projects|||830||||||||830|
|The Margaret
Crombie Memorial||||||||||||
|Scholarship
Fund|||14,353|166||(222||)|||14,297|
|The Library Fund|||1,427|||(214||)|||1,213|
|Mrs Hulis Donation|Fund||115||||||||115|
|Junior House Play|Equipment||725|||(109)|||||616|
|Fundraising
for future development|||8,000||||||(8,000 )|||
||||41,164|810||( 751 )|||( 8,000 )||33,223|
|Total|||1,490,217|2,626,417||( 2,461,002 )||||-|1,655,652|
|Designated
Funds||||||||||||
##
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##
|Year ended 31Au ust 2021|Unrestricted|Designated|Designated|Restricted|||
|---|---|---|---|---|---|---|
||Funds||Funds|Funds||Total|
||2021||2021f|2021
K||2021
E|
|Tangible assets|3,904,183||||3,904,183||
|Investments|||||||
|Current assets/(Liabilities)|( 310,257|)|37,273|40,609||(232,375 )|
|Long term liabilities|( 1,937,610 )|||-|(1,937,610)||
||1,656,316||37,273|40,609||1,734,198|
|Year ended 31Au ust 2020|Unrestricted||Designated|Restricted|||
||Funds||Funds|Funds||Total|
||2020||2020|2020||2020|
||E||K|F.|||
|Tangible assets|3,896,301|||||3,896,301|
|Investments||||23,677||23,677|
|Current assets/(Liabilities)|( 251,229|)|47,565|9,546|( 194,118)||
|Long term liabilities|( 2,070,208|)|||(|2,070,208 )|
||1,574,864||47,565|33,223||1,655,652|
##
||2021|2020|
|---|---|---|
||E|E|
|Within one year|56,122|46,796|
|Between lwo and five years|35,129|57,911|
||91,251|104,707|
##
##
|||||||||
|---|---|---|---|---|---|---|---|
|Cash generated
from operations||||||2021|2020|
|||||||R||
|(Deficit)/surplus
for|the year|||||78,546|165,435|
|Adjustments
for:||||||||
|Investment
income|recognised|in|statement|offinancial|activities|||
|Fair value gains and|losses on|investments||||||
|Depreciation
and impairment
oftangible fixed assets||||||18,795|58,146|
|Movements
in working capital:||||||||
|(Increase)/decrease|in stocks|||||(829)|67|
|(Increase)
in debtors||||||7,548|(33,058)|
|Increase/(decrease)|in creditors|||||34,182|(341,917)|
|Cash generated
from/(absorbed|||by) operations|||138,242|(151,327)|
##
##
|Analy|sis ofchanges
in net debt||||
|---|---|---|---|---|
|||At 1Sep|Cash|At 31Aug|
|||2020f|flows
R|2021
K|
|Long|term borrowings|( 2,025,354 )|87,744|( 1,937,610 )|
|Short|term borrowings|( 69,847 )|( 1?,897 )|( 87,744 )|
|Total|liabilities|( 2,095,201 )|69,847|( 2,025,354 )|
|Cash|and cash equivalents|98,118|48,498|146,616|
|||( 1,996,083 )|118,345|( 1,877,738)|
##
||||||Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||||Fund|Funds|funds|2020|
|||||Notes|general
f|designated
E|||
|Income from:|||||||||
|Donations and|legacies||||147,495|46,063||193,558|
|Charitable
activities|||||2,430,974||463|2,431,437|
|Investment
Income|||||1,095||347|1,442|
|Other Income|||||||||
|Total Income|||||2,579,564|46,063|810|2,626,437|
|Costs of providing||education||7|2,352,843|12,626|323|2,365,792|
|Other costs||||11|94,782|||94,782|
|Total expenditure|||||2,447,625|12,626|323|2,460,574|
|Net gains/(losses)||on investments||12|||(428)|(428)|
|Net incoming|resources||before||||||
|transfers|||||131,939|33,437|59|165,435|
|Gross transfers|between||funds|||8,000|(8,000)||
|Net incoming|resources||||131,939|41,437|(7,941)|165,435|
|Other recognised||gains|and losses||||||
|Revaluation
of|tangible fixed assets||||||||
|Net movement|in|funds|||131,939|41,437|(7,941)|165,435|
|Fund balances|at 1 September 2019||||1,442,925|6,128|41,164|1,490,217|
|Fund balances|at|31August 2020|||1,574,864|47,565|33,223|1,655,652|