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|Governors|Governors||I Greenshields||||
|---|---|---|---|---|---|---|
||||I Smales|Resigned|31 January 2023||
||||L Keightley||||
||||L Dowie||||
||||K Bainbridge||||
||||K Manzo|Resigned|31 August 2023||
||||J Rowley||||
||||K Mclaughlin|Appointed|22 September|2022|
||||L Soily|Appointed|15 November|2022|
|Charity|number||528143||||
|Company||number|00669916||||
|Registered||office|Westfield
School||||
||||Oakfield Road||||
||||Gosforth||||
||||Newcastle
upon Tyne||||
||||NE3 4HS||||
|Auditor|||Haines Watts North East|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||||
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||||Page|
|---|---|---|---|
|Governors'|report||1-9|
|independent|auditor's|report|10-13|
|Statement|of financial|activities||
|Balance sheet|||15|
|Statement|of cash flows||16|
|Notes to the financial||statements|17-34|
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||||||Unrestricted|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||Fund|Funds|funds|2023|2022|
||||||general|designated||||
|||||Notes|F|f|F|||
|Income from:||||||||||
|Charitable
activities|||||2,541,767||463|2,542,230|2,485,085|
|Investment
Income|||||2,014|||2,014|169|
|Total Income|||||2,543,781||463|2,544,244|2,485,254|
|Costs of providing
education|||||2,393,016|2,736|985|2,396,737|2,345,074|
|Other costs|||||97,500|||97,500|80,859|
|Total expenditure|||||2,490,516|2,736|985|2,494,237|2,425,933|
|Net incoming|resources||before|||||||
|transfers|||||53,265|(2,736)|(522)|50,007|59,321|
|Gross transfers|between||funds|||||||
|Net incoming|resources||||53,265|( 2,736)|( 522 )|50,007|59,321|
|Other recognised||gains|and losses|||||||
|Revaluation
of|tangible fixed assets|||||2,540,000||2,540,000||
|Net movement|in funds||||53,265|2,537,264|( 522 )|2,590,007|59,321|
|Fund balances|at 1|September 2022|||1,757,388|6,128|30,003|1,793,519|1,734,198|
|Fund balances|at|31 August 2023|||1,810,653|2,543,392|29,481|4,383,526|1,793,519|
##
|||||Notes||2023||2022||
|---|---|---|---|---|---|---|---|---|---|
||||||F|||||
|Cash flows from operating|||activities|||||||
|Cash generated
from/(absorbed||||by)||||||
|operations||||24||260,538|||71,307|
|Investing|activities|||||||||
|Purchase|oftangible fixed assets||||( 29,001 )||( 17,570)|||
|Interest received|||||2,014||169|||
|Net cash|(used in)/generated||from|||||||
|Investing|activities|||||( 26,987 )||(|17,401)|
|Financing|activities|||||||||
|Repayment|of borrowings||||( 169,459 )||( 164,557|)||
|Net cash|used
in financing||activities|||( 169,459 )||(|164,557 )|
|Net (decreased)/increase||in|cash|||||||
|and cash|equivalents|||||64,092||( 110,651 )||
|Cash and|cash equivalents|at beginning||||||||
|ofyear||||||35,965||146,616||
|Cash and|cash equivalents||at end ofyear|||100,057|||35,965|
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|Equipment|20% reducing|balance|balance|(Computer|equipment|20% straight|
|---|---|---|---|---|---|---|
||line)||||||
|Fixtures &fittings|15%reducing|balance|||||
|Motor vehicles|over expected|useful|life of5years||||
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|3|Income from charitable|Income from charitable|activities|activities|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||Provision
of|educational|services||2,542,230|2,485,085|
||Analysis of|fund|||||
||Unrestricted|funds —general|||2,541,767|2,484,570|
||Restricted funds||||463|515|
||||||2,542,230|2,485,085|
|4|Investments||||||
||||||2023|2022|
||||||F|F|
||Interest receivable||||2,014|169|
||||||2,014|169|
|5|Expenditure|on charitable||activities|||
||||||2023|2022|
||||||F|E|
||Staff costs||||1,212,857|1,158,203|
||Education costs||||561,081|528,192|
||Depreciation|and impairment|||23,364|66,510|
||Support and|governance|costs (note 7)||599,435|592,170|
||||||2,396,737|2,345,075|
||Analysis
by|fund|||||
||Unrestricted|funds - general|||2,395,752|2,333,954|
||Restricted funds||||985|11,"I21|
||||||2,396,737|2,345,075|
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|Support costs|||||
|---|---|---|---|---|
||Support|Governance|||
||costs|costs|2023|2022|
|||E|f.|F|
|Staff costs|244,413||244,413|234,126|
|Other school costs|207,939||207,939|181,672|
|Premises costs|124,625||124,625|153,250|
|Audit fees||6,800|6,800|6,300|
|Legal and professional||15,658|15,658|16,822|
||576,977|22,458|599,435|592,170|
|Other costs|||||
||||2023|2022|
|||||E|
|Financing costs|||97,500|80,859|
|Finance costs is loan interest.|||||
##
|||||2023|2022|
|---|---|---|---|---|---|
|Wages and salaries||||1,457,270|1,392,328|
|Social security costs||||133,567|129,850|
|Other pension costs||||259,040|253,668|
|||||1,849,877|1,775,846|
|The average
monthly|number|ofemployees|during the year was:|||
|||||2023|2022|
|||||Number|Number|
|Teaching/Catering||||44|45|
|Support||||13|12|
|||||57|57|
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||||2023|2022|
|---|---|---|---|---|
||||Number|Number|
|860,000|-|270,000|1|1|
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||f|E|
||Depreciation|||||23,364|20,275|
||Operating|lease expense||||88,587|111,l33|
|11.|Auditor's|remuneration||||||
|||||||2023|2022|
||||||||F|
||Fees payable||to the charity's||auditors for the audit|||
||ofthe charity's||annual|accounts||6,800|6,300|
##
|Tangible fixed assets||||||
|---|---|---|---|---|---|
||Freehold||Fixtures,|||
||Land and||fittings
&|Motor||
||Buildings|Equipment|equipment|vehicles|Total|
|||F|F|||
|Cost or valuation||||||
|At 1 September 2022|3,825,000|288,493|367,509|33,590|4,514,592|
|Additions||18,133|9,853|1,015|29,001|
|Revaluation|2,540,000||||2,540,000|
|At 31 August 2023|6,365,000|306,626|377,362|34,605|7,083,593|
|Depreciation||||||
|At 1 September 2022||248,921|332,123|32,070|613,114|
|Charge for the year||16,560|5,841|963|23,364|
|At 31 August 2023||265,481|337,964|33,033|636,478|
|Carrying
amount||||||
|At 31 August 2022|3,825,000|39,572|35,386|1,520|3,901,478|
|At 31 August 2023|6,365,000|41,145|39,398|1,572|6,447,115|
##
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|13|Stocks||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
|||||||||E|
||Catering
supplies||and||consumables||1,891|3,115|
|14|Debtors||||||||
||||||||2023|2022|
||Amounts
falling||due||within one year:||K|E|
||Trade debtors||||||87,077|109,230|
||Prepayments|and|accrued income||||17,457|18,045|
||||||||104,534|127,275|
|15|Creditors: amounts|||falling due within one year|||||
||||||||2023|2022|
|||||||Notes|E|F|
||Bank loans|||||17|174,704|158,313|
||Other taxation|and|social security||||59,237|56,337|
||School fees in|advance|||||354,257|254,873|
||Trade creditors||||||24,342|9,705|
||Other creditors||||||44,956|57,020|
||Accruals and deferred||||income||95,772|35,413|
||||||||753,268|571,661|
##
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|16|Credito|rs: amounts
falling due after m|ore than one year|||
|---|---|---|---|---|---|
|||||2023|2022|
||||Notes|f||
||Bank loans||17|886,803|982,653|
||Other borrowings|||630,000|720,000|
|||||1,516,803|1,702,653|
|17|Loans|and overdraft||||
|||||2023|2022|
|||||F|E|
||Bank loans|||971,507|1,050,966|
||Otherloans|||720,000|810,000|
|||||1,691,507|1,860,966|
||Payable|within one year||174,704|158,313|
||Payable|after one year||1,516,803|1,702,653|
|18|Financial|instruments|instruments||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||E||
||Carrying|amount|offinancial||assets||||
||Debt instruments||measured|at|amortised|cost|87,077|109,230|
||Carrying|amount|offinancial||liabilities||||
||Measured|at amortised
cost|||||1,758,643|1,912,210|
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|Year ended|3f Au ust|3f Au ust|2023|||||||
|---|---|---|---|---|---|---|---|---|---|
||||At 1||||||At 31|
||||September|Income||Expenditure|Transfers|Revaluation|August|
||||2022||||||2023|
||||E|E|||||f.|
|Unrestricted||funds|1,757,388|2,543,781||( 2,490,516 )|||1,810,653|
|Revaluation||Reserve||||||2,540,000|2,540,000|
|Designated|funds|||||||||
|Comenius
Project|||6,128||||(6,128)|||
|Junior House
Development||||||( 2,736 )|6,128||3,392|
|Total designated
funds|||6,128|||( 2,736 )|||3,392|
|Restricted funds||||||||||
|The Prize and
Fund||Bursary|3,986|||(985)|||3,001|
|The Old Girls'
Association|||11,057||463||||11,520|
|Scholarship
Fund|and Travel||14,960||||||14,960|
||||30,003||463|( 985)|||29,481|
|Total|||1,793,519|2,544,244||( 2,494,237 )||2,540,000|4,383,526|
##
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|Year ende|d 31Au ust 20|22|||||||
|---|---|---|---|---|---|---|---|---|
||||At 1|||||At 31|
||||September|||||August|
||||2021|Income|Expenditure||Transfers|2022|
||||F|f||F||E|
|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|)||11,057|
|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 2023|Year ended 31Au ust 2023|Unrestricted||Designated|Restricted||
|---|---|---|---|---|---|---|
|||Funds||Funds|Funds|Total|
|||2023||2023|2023|2023|
|||||E|P.|f|
|Tangible|assets|3,907,115||2,540,000||6,447,115|
|Current|assets/(Liabilities)|( 579,659|)|3392|29,481|( 546,786 )|
|Long term liabilities||( 1,516,803|)|||(1,516,803 )|
|||1,810,653||2,543,392|29,481|4,383,526|
|Year ended 31Au ust 2022||Unrestricted|Designated||Restricted||
|||Funds||Funds|Funds|Total|
|||2022||2022|2022|2022|
|||F|||f||
|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|
##
||2023|2022|
|---|---|---|
||f|F|
|Within one year|53,298|66,579|
|Between two and five years|35,290|44,554|
||88,588|111,133|
##
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|||||||
|---|---|---|---|---|---|
|Cash generated
from|operations|||2023|2022|
|||||F|f|
|Net incoming
resources|before valuation||gains|50,007|59,321|
|Adjustments
for:||||||
|Depreciation
oftangible|fixed assets|||23,364|20,275|
|Interest receivable||||(2,014)|(169)|
|Movements
in working|capital:|||||
|Decrease/(Increase)
in|stocks|||1,224|(1,022 )|
|Decrease/(Increase)
in|debtors|||22,741|33,599|
|Increase/(decrease)
in|creditors|||165,216|(40,866 )|
|Cash generated
from/(absorbed||by) o|perations|260,538|71,307|
##
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|Analy|sis ofchanges
in net debt||||
|---|---|---|---|---|
|||At1 Sep|Cash|At 31 Aug|
|||2022|flows|2023|
|||f|E|E|
|Long|term borrowings|( 1,702,653 )|185,850|( 1,516,803 )|
|Short|term borrowings|( 158,313 )|( 16,391 )|( 174,704 )|
|Total|liabilities|( 1,860,966 )|169,459|(1,691,507)|
|Cash|and cash equivalents|35,965|64,092|100,057|
|||( 1,825,001 )|233,551|( 1,591,450 )|
||||||Unrestricted|Unrestricted||Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Fund|Funds||funds|2022|2021|
||||||general|designated|||||
|||||Notes|||E|f|||
|Income from:|||||||||||
|Donations
and|legacies|||||||||100,620|
|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||||101,0?2|( 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|