## 

## 

|Governors||J Keep (Resigned 26'" August 2022)|J Keep (Resigned 26'" August 2022)|
|---|---|---|---|
|||I Greenshields||
|||I Smales||
|||L Keightley||
|||L Dowie||
|||I Henderson<br>(Resigned|22"' September 2022)|
|||K Bainbridge||
|||K Manzo||
|||J Rowley||
|Charity number||528143||
|Company|number|00669916||
|Registered|office|Westfield School||
|||Oakfield Road||
|||Gosforth||
|||Newcastle<br>upon Tyne||
|||NE3 4HS||
|Auditor||Haines Watts Audit LLP||
|||Chartered<br>Accountants||
|||17Queens Lane||
|||Newcastle<br>Upon Tyne||
|||NE1 1RN||
|Bankers||Barclays Bank PLC||
|||71 Grey Street||
|||Newcastle<br>upon Tyne||
|Solicitors||Womble Bond Dickinson|LLP|
|||One Trinity||
|||Broad Chare||
|||Newcastle<br>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|





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|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<br>LLB||Elected|||
|Kathryn<br>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<br>Rowley||Elected|Elected as Chair 26/08/2022||
|Kieran Maclaughlin:.||Elected 29/06/2022|||
|Lucilla Soily||Elected 29/06/2022|||





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|||||||Unrestricted|Unrestricted||Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Fund|Funds||funds|2022|2021|
|||||||general|designated|||||
||||||Notes|||F||||
|Income from:||||||||||||
|Donations<br>and|legacies||||||||||I00,620|
|Charitable<br>activities||||||2,484,570|||515|2,485,085|2,289,579|
|Investment<br>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<br>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<br>Unrestricted<br>funds||22||30,003||40,609|
|Designated<br>funds|||6,128||3?,273||
|General<br>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<br>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||





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|Freehold<br>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|||





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



## 

||||||2022|2021|
|---|---|---|---|---|---|---|
||Provision<br>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<br>by|fund|||||
||Unrestricted|funds - general|||2,333,954|2,223,054|
||Restricted funds||||11,121|8,110|
||||||2,345,075|2,231,164|





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|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|



## 

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|||||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<br>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<br>lease expense|||56,005|56,122|
|Auditor's<br>remuneration|||||
||||2022|2021|
|Fees payable|to the charity's|auditors for the audit|||
|of the charity's|annual<br>accounts||6,300|5,250|





## 

|Tangible fixed assets||||||
|---|---|---|---|---|---|
||Freehold||Fixtures,|||
||Land and||fittings<br>&|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<br>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<br>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<br>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<br>at|amortised|cost|109,230|142,961|
|Carrying|amount|offinancial|liabilities||||
|Measured|at amortised<br>cost||||2,182,564|2,259,862|





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## 

|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<br>funds||1,574,864|2,375,864|( 2,294,122 )||1,656,316|
|Designated<br>funds|||||||
|Comenius<br>Project||6,128||||6,128|
|Fundraising<br>Future|Development|41,437||( 10,292 )||31,145|
|Total designated<br>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'<br>Fund||830||||830|
|Scholarship<br>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<br>from|operations||||2022|2021|
|---|---|---|---|---|---|---|---|
||(Deficit)/surplus<br>for the|year||||59,321|78,546|
||Adjustments<br>for:|||||||
||Depreciation<br>and impairment<br>of tangible|||fixed assets||20,275|18,795|
||Movements<br>in working|capital:||||||
||(Increase)/decrease<br>in <br>(Increase)<br>in debtors|stocks||||( 1,022 )<br>33,599|( 829 )<br>7,548|
||Increase/(decrease)<br>in|creditors|||(|40,866 )|34,182|
||Cash generated<br>from/(absorbed||by) operations|||71,307|138,242|
|26|Analysis<br>of changes|in net debt||||||



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





## 

||||||Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||||Fund|Funds|funds|2021|
||||||general|designated|||
|||||Notes|||||
|Income from:|||||||||
|Donations<br>and|legacies||||86,600||14,020|100,620|
|Charitable<br>activities|||||2,288,954||625|2,289,579|
|Investment<br>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<br>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|