2022-08-31-accounts

Governors		J Keep (Resigned 26'" August 2022)	J Keep (Resigned 26'" August 2022)
		I Greenshields
		I Smales
		L Keightley
		L Dowie
		I Henderson (Resigned	22"' September 2022)
		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 Audit LLP
		Chartered Accountants
		17Queens Lane
		Newcastle Upon Tyne
		NE1 1RN
Bankers		Barclays Bank PLC
		71 Grey Street
		Newcastle upon Tyne
Solicitors		Womble Bond Dickinson	LLP
		One Trinity
		Broad Chare
		Newcastle upon Tyne
		NE1 2HF

			Page
Governors'	report
Independent	auditor's	report
Statement	of financial	activities	14
Balance sheet			15
Statement	of cash flows		16
Notes to the financial		statements	17-34

The governors,	who are also the directors for the purpose	who are also the directors for the purpose	of company	law and who served during the year were:
Jani Keep (Chair)		Re-elected 22/04/2021	Resigned 31/08/2022
lain Greenshields LLB		Elected
Kathryn Manzo	PhD	Elected
Isabel Smales	MA	Elected
Kris Bainbridge	BA (Hons)	Elected
Lex Dowie MA	(Cantab)	Elected
Liz Keightley		Elected
lan Henderson		Elected	Resigned 31/08/2022
Jacqueline Rowley		Elected	Elected as Chair 26/08/2022
Kieran Maclaughlin:.		Elected 29/06/2022
Lucilla Soily		Elected 29/06/2022

						Unrestricted	Unrestricted		Restricted	Total	Total
						Fund	Funds		funds	2022	2021
						general	designated
					Notes			F
Income from:
Donations and	legacies										I00,620
Charitable activities						2,484,570			515	2,485,085	2,289,579
Investment Income						169				169	871
Other Income
Total Income						2,484,739			515	2,485,254	2,391,070
Costs of providing		education				2,302,808	31,145		11,121	2,345,074	2,231,164
Other costs						80,859				80,859	81,360
Total expenditure						2,383,667	31,145		11,121	2,425,933	2,312,524
Net gains/(losses)		on investments
Net incoming	resources		before
transfers						101,072	( 31,145	)	( 10,606 )	59,321	78,546
Gross transfers	between		funds
Net incoming	resources					101,072	( 31,145	)	( 10,606 )	59,321	78,546
Other recognised		gains	and	losses
Revaluation of	tangible fixed assets
Net movement	in funds					101,072	( 31,145	)	( 10,606 )	59,321	78,546
Fund balances	at 1	September		2021		1,656,316	37,273		40,609	1,734,198	1,655,652
Fund balances	at	31 August		2022		1,757,388	6,128		30,003	1,793,519	1,734,198

		Notes		2022		2021
				F
Fixed assets
Tangible assets		13		3,901,478		3,904,183
				3,901,478		3,904,183
Current assets
Stock		14	3,115		2,093
Debtors		15	127,275		160,874
Cash at bank and in	hand		35,965		146,616
Creditors: amounts	failing due within		166,355		309,583
one year		16	( 571,661 )		( 631,958	)
Net current liabilities				( 405,306 )		( 322,375 )
Total assets less current liabilities				3,496,172		3,581,808
Creditors: amounts	falling due after
more than one year		17		( 1,702,653 )		( 1,847,610 )
Net assets				1,793,519		1,734,198
Income funds
Restricted funds Unrestricted funds		22		30,003		40,609
Designated funds			6,128		3?,273
General unrestricted	funds		1,757,388		1,656,316
				1,763,516		1,693,589
				1,793,519		1,734,198

					Notes	2022		2021
						F
Cash flows from operating			activities
Cash generated from/(absorbed				by)
operations					27	71,307		138,242
Investing	activities
Purchase	of tangible fixed assets					( 17,570 )	( 26,677	)
Interest received						169	871
Proceeds	on the sale of fixed		assets				23,677
Net cash	(used in)/generated		from
Investing	activities					(17,401 )			( 2,129 )
Financing	activities
Repayment	of borrowings					( 164,557 )
Repayment	of bank loans						( 88,615 )
Net cash used in financing			activities			( 164,557 )		(	88,615 )
Net (decreased)/increase		in	cash
and cash	equivalents					( 110,651 )			47,498
Cash and cash equivalents		at beginning
of year						146,616			99,118
Cash and	cash equivalents		at end of		year	35,965		146,616

Freehold land and buildings	2%on cost less 99%	2%on cost less 99%		residual	value	value
Equipment	20% reducing	balance		(Computer		equipment	20 Io straight
	line)
Fixtures 8 fittings	15'Io reducing	balance
Motor vehicles	over expected	useful	life of 5		years

Donations	and legacies
		2022	2021
Donations	and gifts		43,119
Government	grants		57,501
			100,620

					2022	2021
	Provision of	educational	services		2,485,085	2,289,579
	Analysis of	fund
	Unrestricted	funds —general			2,484,570	2,288,954
	Restricted funds				515	625
					2,485,085	2,289,579
5	Investments
					2022	2020
	Interest receivable				169	871
					169	871
6	Expenditure	on charitable		activities
					2022	2021
	Staff costs				1,158,203	1,493,465
	Education costs				528,192	131,287
	Depreciation	and impairment			66,510	26,908
	Support and	governance	costs (note 7)		592,170	579,504
					2,345,075	2,231,164
	Analysis by	fund
	Unrestricted	funds - general			2,333,954	2,223,054
	Restricted funds				11,121	8,110
					2,345,075	2,231,164

Support costs
	Support	Governance
	costs	costs	2022	2021
				F
Staff costs	234,126		234,126	250,891
Other school costs	181,672		181,672	182,306
Premises costs	153,250		l53,250	125,503
Audit fees		6,300	6,300	5,250
Legal and professional		16,822	16,822	l5,554
	569,048	23,122	592,170	579,504
Other costs
			2022	2021
Financing costs			80,859	81,360

				2022	2021
Wages and salaries				1,392,328	1,368,678
Social security costs				129,850	124,473
Other pension costs				253,668	251,206
				1,775,846	1,744,356
The average monthly	number	of employees	during the year was:
				2022	2021
				Number	Number
Teaching/Catering				45	49
Support				12	7
				57	56

		2022	2021
		Number	Number
F60,000	- F70,000	1	1

This is stated	after charging:
			2022	2021
			P
Depreciation			20,274	18,795
Operating lease expense			56,005	56,122
Auditor's remuneration
			2022	2021
Fees payable	to the charity's	auditors for the audit
of the charity's	annual accounts		6,300	5,250

Tangible fixed assets
	Freehold		Fixtures,
	Land and		fittings &	Motor
	Buildings	Equipment	equipment	vehicles	Total
					E
Cost of valuation
At 1 September 2021	3,825,000	275,555	362,878	33,590	4,497,021
Additions		12,939	4,631		17,570
At 31 August 2022	3,825,000	288,494	367,509	33,590	4,514,591
Depreciation and impairment
At 1 September 2021		235,838	325,692	31,310	592,840
Charge for the year		13,082	6,431	760	20,273
At 31 August 2022		248,921	332,123	32,070	613,113
Carrying amount
At 31 August 2021	3,825,000	39,717	37,186	2,280	3,904,183
At 31 August 2022	3,825,000	39,572	35,386	1,520	3,901,478

14	Stocks
					2022	2021
	Catering	supplies		and consumables	3,115	2,093
15	Debtors
					2022	2021
	Amounts	falling		due within one year:
	Trade debtors				109,230	142,961
	Prepayments		and	accrued income	18,045	17,913
					127,275	160,874

16	Creditors:	amounts	amounts	falling due within one year
						2022	2021
					Notes
	Bank loans				18	173,794	177,444
	Obligations	under finance leases
	Other taxation		and social security			56,337	60,721
	Deferred Income 8			Fees in advance		254,873	292,373
	Trade creditors					9,705	30,571
	Other creditors					41,539	37,601
	Accruals					35,413	33,248
						571,661	631,958

Credito	rs: amounts falling due after m	ore than one year
			2022	2021
		Notes
Bank loans		18	982,653	1,037,610
Other borrowings			720,000	810,000
			1,702,653	1,847,610
Loans	and overdraft
			2022	2021
Bank loans			1,050,966	1,125,354
Other loans			810,000	900,000
			1,860,966	2,025,354
Payable	within one year		158,313	177,744
Payable	after one year		1,702,653	1,847,610

					2022	2021
Carrying	amount	offinancial	assets
Debt instruments		measured at	amortised	cost	109,230	142,961
Carrying	amount	offinancial	liabilities
Measured	at amortised cost				2,182,564	2,259,862

Year ende	d 31Au ust 20	22
			At 1				At 31
			September				August
			2021	Income	Expenditure	Transfers	2022
				F
Unrestricted	funds		1,656,316	2,484,739	(2,383,667 )		1,757,388
Designated	funds
Comenius	Project		6,128				6,128
Fundraising	Future Development		31,145		( 31,145 )
Total designated		funds	37,273		( 31,145 )		6,128
Restricted funds
The Prize and Bursary Fund			4,861		(875)		3,986
The Old Girls' Association			11,260	515	( 718 )		1 l,057
Governors'	Fund		830		(830)
Scholarship	Fund		14,960				14,960
Recce Foundation			8,698		( 8,698 )
			40,609	515	( 11,121 )		30,003
Total			1,734,198	2,485,254	(2,425,933)		1,793,519

Year ended 31Au	ust 2021
		At 1				At 31
		September				August
		2020	Income	Expenditure	Transfers	2021
Unrestricted funds		1,574,864	2,375,864	( 2,294,122 )		1,656,316
Designated funds
Comenius 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
Governors' Fund		830				830
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	( 2,3 I2,524 )		1,734,198

Year ended 31Au ust 2022	Year ended 31Au ust 2022	Unrestricted	Designated	Restricted
		Funds	Funds	Funds	Total
		2022	2022	2022	2022
Tangible	assets	3,901,478			3,901,478
Current	assets/(Liabilities)	( 441,437 )	6,128	30,003	( 405,306 )
Long term liabilities		( 1,702,653 )			( 1,702,653 )
		1,757,388	6,128	30,003	1,793,519
Year ended 31Au ust 2021		Unrestricted	Designated	Restricted
		Funds	Funds	Funds	Total
		2021	2021	2021	2021
			F
Tangible	assets	3,904,183			3,904,183
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

	2022	2021
Within one year	8,653	56,122
Between two and five years	25,325	35,129
	33,978	91,251

25	Cash generated from	operations				2022	2021
	(Deficit)/surplus for the	year				59,321	78,546
	Adjustments for:
	Depreciation and impairment of tangible			fixed assets		20,275	18,795
	Movements in working	capital:
	(Increase)/decrease in (Increase) in debtors	stocks				( 1,022 ) 33,599	( 829 ) 7,548
	Increase/(decrease) in	creditors			(	40,866 )	34,182
	Cash generated from/(absorbed		by) operations			71,307	138,242
26	Analysis of changes	in net debt

Analy	sis of changes in net debt
		At1 Sep	Cash	At 31 Aug
		2021	flows	2022
Long Short	term borrowings term borrowings	( 1,847,610 ) ( 177,744 )	144,957 19,431	( 1,702,653 ) ( 158,313 )
Total Cash	liabilities and cash equivalents	( 2,025,354 ) 146,616	164,388 110,651	( 1,860,966) 35,965
		( 1,877,738 )	275,039	( 1,825,001 )

					Unrestricted	Unrestricted	Restricted	Total
					Fund	Funds	funds	2021
					general	designated
				Notes
Income from:
Donations and	legacies				86,600		14,020	100,620
Charitable activities					2,288,954		625	2,289,579
Investment Income					20		851	871
Other Income
Total Income					2,375,574		15,496	2,391,070
Costs of providing		education		7	2,212,762	10,292	8,110	2,231,164
Other costs				11	81,360			81,360
Total expenditure					2,294,122	10,292	8,110	2,312,524
Net gains/(losses)		on investments		12
Net incoming	resources		before
transfers					81,452	( 10,292 )	7,386	78,546
Gross transfers	between		funds
Net incoming	resources				81,452	( 10,292 )	7,386	78,546
Other recognised		gains	and losses
Revaluation of	tangible fixed assets
Net movement	in funds				81,452	( 10,292 )	7,386	78,546
Fund balances	at 1	September 2019			1,574,864	47,565	33,223	1,655,652
Fund balances	at	31 August 2020			1,656,316	37,273	40,609	1,734,198