2022-07-31-accounts

						Page
Reference and administrative			details	ofthe charity, Its Governors	and advisers	1-2
Governors'	report					3-12
Independent	auditor's	report	on the	financial statements		13-16
Consolidated	statement	offinancial		activities		17-18
Consolidated	balance sheet					19-20
Charity balance sheet						21 - 22
Consolidated	statement	ofcash flows				23
Notes to the	financial statements					24-63

independent	auditor	Crowe U.K.	LLP
		Fourth Floor
		StJames House
		St James Square
		Cheltenham
		GL50 3PR
Bankers		Handelsbanken		Pic
		1st Floor, Willow		House West
		Shrewsbury	Business Park
		Shrews bury
		SY2 6LG
		Lloyds Bank	Pic
		1 Pride Hill
		Shrewsbury
		SY1 1DG
		Barcalys Bank UK Pic
		44/46 Castle	Street
		Shrewsbury
		SY1 1BU
Investment	Advisors	Sarasin & Partners			LLP
		Juxon House
		100St. Paul's Churchyard
		London
		EC2M 6BU

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
		Note	2022 E	2022 E	2022 6	2022	2021 f
Income and
endowments from:
Grants and donations		3	28,469	689,988		718,457	1,411,066
Charitable activities:
School fees		4	29,135,472			29,136,472	26,325,672
Other educational
income		5	343,919			343,919	332,256
Other ancillary trading
income		5	92,786			92,786	611
Other trading activities		6	1,968,956			1,968,956	1,382,044
Investments		7	119,462	37,602	2,443	159,507	106,773
Other income		8					1,285,743
Total income and
endowments			31,689,064	727,590	2,443	32,419,097	30,844,165
Expenditure on:
Raising funds;
Trading activities		9	1,165,251			1,165,251	722,436
Fundraising costs		9	335,809			335,809	269,874
Financing costs		10	208,291			208,291	325,118
Charitable activities:		11
Education and grant
making			28,459,990	716,025		29,176,016	26,957,404
Total expenditure			30,169,341	716,025		30,885366	28 274 832
Net income before
net gains/(losses)	on
investments			1,519,723	11,565	2,443	1,533,731	2,569,333
Net (losses)/gains	on
investments			(152,998)		(77,680)	(230,678)	721,784
Net income before
transfers			1,366,725	11,565	(75,237)	1,303,053	3,291,117
Transfers between
funds		22	26,895	(26,895)
Net movement In
funds before other
recognised gains
carried forward			1,393,620	(15,330)	(75,237)	1,303,053	3,291,117

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
		Note	2022	2022	2022	2022 6	2021f
Net movement	In
funds before	other
recognised
gains/(losses)
brought forward			1,393,620	(15,330)	(75,237)	1,303,053	3,291,117
Actuarial gains	on
defined benefit
pension schemes		27	1,904,000			1,904,000	773,000
Net movement	in
funds			3,297,620	(15,330)	(75,237)	3,207,053	4,064,117
Reconciliation	of
funds:
Total funds brought
forward			40,527,282	798,172	1,513,959	42,839,413	38,775,296
Net movement	in funds		3,297,620	(15,330)	(75,237)	3,207,053	4,064,117
Total funds carried
forward			43,824,902	782,842	1,438,722	46,046,466	42,839,413

				CONSOLIDATED	BALANCE SHEET
				AS AT 31	JULY 2022
					2022		2021
				Note	6		6
Fixed assets
Tangible assets				14	43,749,295		41,108,674
Investments				15	8,163,967		7,462,922
					61,913,262		48,571,596
Current assets
Stocks				16	275,643	291,891
Debtors				17	1,978,173	1,941,495
Cash at bank and	in hand				6,956,037	8,266,938
					9,209,853	10,490,324
Creditors: amounts	falling		due within	one
year				18	(7,430,777)	(6,411,746)
Net current assets					1,779,076		4,078,678
Total assets less	current		liabilities		53,692,338		52,650,174
Creditors: amounts	falling		due after more
than one year				19	(7,645,872)		(7,812,761)
Net assets excluding		pension asset I
liability					46,046,466		44,837,413
Defined benefit pension		scheme asset I
liability				27			(1,998,000)
Total net assets					46,046,466		42,839,413

					2022		2021
			Note		6
Charity funds
Endowment funds			22		1,438,722		1,613,969
Restricted funds			22		782,842		798,172
Unrestricted funds
Unrestricted funds	excluding	pension asset	22	43,824,902		42,625,282
Pension reserve			22			(1,998,000)
Total unrestricted	funds		22		43,824,902		40,527,282
Total funds					46,046,466		42,839,413

			CHARITY BALANCE SHEET	CHARITY BALANCE SHEET
			AS AT 31JULY 2022
			Note	2022f		2021 5
Fixed assets
Tangible assets			14	43,738,583		41,101,751
Investments			15	8,163,967		7,462,922
				61,902,650		48,564,673
Current assets
Stocks			16	65,120	64,165
Debtors			17	2,839,351	2,194,012
Cash at bank and	in hand			6,055,384	8,094,321
				8,959,855	10,352,498
Creditors: amounts	falling due within one
year			18	(7,179,148)	(6,250,311)
Net current assets				1,780,707		4,102,187
Total assets less	current liabilities			53,683,257		52,666,860
Creditors: amounts	falling due after more
than one year			19	(7,646,872)		(7,812,761)
Net assets excluding		pension assets
liability				46,037,385		44,854,099
Defined benefit pension		scheme asset I
liability			27			(1,998,000)
Total net assets				46,037,385		42,856,099

				Note		2022f		2021
Charity funds
Endowment funds				22		1/38,722		1,513,959
Restricted funds				22		782,842		798,172
Unrestricted funds
Unrestricted funds	excluding	pension asset	/
liability				22	43,815,821		42,541,968
Pension reserve				22			(1,998,000)
Total unrestricted	funds			22		43,815,821		40,543,968
Total funds						46,037,385		42,856,099

					2022 5	2021 f
Cash tlows from operating activities
Net cash provided by operating activities				23	6,215,606	6,873,926
Cash flows from Investing	activities
Dividends and interest from	investments				169,507	106,773
Proceeds from the sale oftangible fixed		assets			35,075	910,466
Purchase oftangible fixed assets Proceeds from sale of investments					(5,128,378)	(1,357,246) 3,418,774
Purchase of investments					(910,854)	(4,574,637)
Net cash used in Investing	activities				(5,844,650)	(1,495,870)
Cash flows from financing	activities
Repayments of borrowing					(686,072)	(1,045,299)
Interest paid on borrowings					(64,916)	(103,332)
Net cash (used)/provided	in financing	activities			(650,988)	(1,148,631)
Change ln cash and cash	equivalents	In	the year		(1,280,032)	3,229,424
Cash and cash equivalents	at the beginning		ofthe year		8,260,611	5,031,187
Cash and cash equivalents	at the end	of	the year	24	6,980,579	8,260,611
The notes on pages 24 to 63 form part of		these financial statements

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022 6	2022 f	2022 6	2021f
Donations				28,469	689,988	718,457	1,411,066
Total 2022				28,469	689,988	718,457	1,411,066
Total 2021				700,043	711,023	1,411,066
Charitable	activities	- School fees receivable
						2022	2021
The School's fee income comprised:
Gross fees						33,211,874	30,054,761
Less: Total	bursaries,	scholarships	and allowances			(4,720,015)	(4,234,576)
						28,491,859	26,820,175
Add back bursaries,		scholarships	and allowances	paid for by	Restricted
Funds						643,613	505,497
						29,135,472	26,325,672

6.	Charitable activities - Other	Charitable activities - Other	Charitable activities - Other	income
					2022	2021
					6	E
	Other educational charitable			Income
	Entrance and	registration	fees		108,044	127,793
	Courses and	sub-lettings			174,061	145,527
	Royalties received				61,814	68,936
					343,919	332,256
					2022	2021
					6	5
	Other ancillary activities
	Commissions	received			4,746	611
	School trips				87,840
	Late payment	surcharges			200
					92,786	611
6.	Other trading	activities
					2022	2021
					6
	Trading activities SSEL				996,844	938,212
	Trading activities SSTCL				973,112	443,832
					1,968,956	1,382,044

	2022	2021
	6
Turnover	995,665	938,119
Administration	(384,152)	(254,091)
Operating (loss)/profit	611,613	684,028
Interest payable	(1,161)	(1,514)
interest receivable	179	93
(Loss)/profit for the year	610,531	682,607
Gift aid payment	(612,071)	(682,607)
Retained loss	(1,540)

		2022 K	2021f
Turnover		972,904	433,614
Cost ofsales		(522,837)	(251,188)
Gross profit		450,067	182,426
Administration		(257,101)	(215,643)
Other operating	income		10,126
Operating profit/(loss)		192,966	(23,091)
Interest receivable		208	92
Profit/(loss) for	the year	193,174	(22,999)
Gift aid payment		(165,867)
Retained profit/(loss)		27,307	(22,999)

	Unrestricted	Restricted	Endowment	Total	Total
	funds	funds	funds	funds	funds
	2022	2022	2022	2022	2021
	6	F	5	5
Interest	5,812			5,812	7,383
Income from listed investments	113,650	37,602	2,443	153,695	99,390
Total 2022	119,462	37,602	2,443	159,507	106,773
Total 2021	68,263	36,161	2,349	106,773

		Unrestricted	Total	Total
		funds	funds	funds
		2022 6	2022 5	2021f
Government	grant			400,538
Profit on the	sale offixed assets			885,205
Total 2022				1,285,743
Total 2021		1,285,743	1,285,743

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
			8	F
Other costs			721,075	721,075	331,377
Staff costs			441,210	441,210	389,050
Depreciaiion			2,966	2,966	2,009
Total 2022			1,165,251	1,165,251	722,436
Tolel 2021			722,436	722,436
Fundraislng	for voluntary	resources
			Unrestricted	Total	Total
			funds	funds	funds
			2022 8	2022 E	2021f
Other costs			166,208	166,208	104,655
Staff costs			169,601	169,601	165,219
Total 2022			335,809	335,809	269,874
Totel 2021			269,874	269,874

				Unrestricted	Total	Total
				funds	funds	funds
				2022 6	2022 6	2021f
Fees in advance financing		cost		122,461	122,461	91,595
Bad debts and debt	collection			(41,016)	(41,016)	54,867
Bank and investment	manager		charges	32,930	32,930	38,324
Loan interest				64,916	64,916	103,332
Pension scheme financing		cost		29,000	29,000	37,000
Total 2022				208,291	208,291	325,118
Total 2021				325,118	325,118

			Unrestricted	Restricted
			funds	funds	Total	Total
			2022 6	2022f	2022	2021f
Teaching			13,543,414		13,543,414	12,366,406
Welfare			4,413,946		4,413,946	4,008,013
Premises			6,846,548		6,846,548	6,709,697
Support	and governance		3,656,082		3,656,082	3,315,877
Grants, awards		and prizes		716,025	716,025	557,411
Total 2022			28,459,990	716,025	29,176,015	26,957,404
Total 2021			26,399,993	557,411	26,957,404

					Staff costs	Depreciation	Other costs	Total	Tots/
					2022	2022 6	2022	2022 F	2021f
Teaching					11,869,810		1,673,804	13,543,414	12,366,406
Welfare					1,112,149		3,301,797	4,413,946	4,008,013
Premises					2,173,558	2,435,982	2,237,008	6,846,548	6,709,697
Support and	governance				2,203,177		1,452,905	3,656,082	3,315,877
Grants, awards		and prizes					716,025	716,025	557,411
Total 2022					17,358,494	2,435,982	9,381,539	29,176,015	26,957,404
Total 202f					16,506,059	2,645,472	7,906,873	26,957,404
Grants, awards		and prizes
								2022 6	2021f
From restricted		funds:
Bursaries and	scholarships							643,613	505,497
Prizes and awards								72,412	51,914
								716,025	557,411
Governance	included			In support costs:
								2022	2021
								6	5
Remuneration	paid		to auditor for audit services					45,300	42,360
Remuneration	paid		to auditor for non- audit services					20,550	15,252
Other governance			costs					100,060	135,303
								165,910	192,915

		Group	Group	Charity	Charity
		2022f	2021f	2022	2021f
Wages and	salaries	14,210,323	13,559,480	13,833,728	13,225,958
Social security costs		1,494,732	1,377,142	1,455,921	1,344,618
Other pension costs (Note 27)		2,273,883	2,146,137	2,248,079	2,123,133
		17,978,938	17,082,759	17,537,728	16,693,709
Capitalised	labour	(9,633)	(22,431)	(9,633)	(22,431)
		17,969,305	17,060,328	17,628,095	16,671,278

	Group	Group
	2022	2021
	No.	No.
Teaching	236	233
Welfare	59	56
Premises	120	123
Support	70	68
Other activities	11	12
	496	492

			Group	Group
			2022	2021
			No.	No.
In the band	660,001 - 670,000		27	31
In the band	670,001 - 680,000		11	12
In the band	680,001-690,000		3	1
In the band	690,001 - 6100,000		3	2
In the band	6130,001 - 6140,000			1
In the band	6140,001 -f150,000		2	1
In the band	6210,001 - 6220,000		1
In the band	6240,001 -6250,000
Aggregate	employee benefits ofkey management	personnel	1,306,981	1,531,074

				NOTES	TO THE FINANCIAL STATEMENTS
				FOR	THE YEAR ENDED 31 JULY 2022
14.	Tangible	fixed	assets
	Group

	Assets In	Freehold	Furniture,		Ground
	course of	Land &	Fixtures		Machines
	construction	Buildings f	and fittings E	Boats f	&Vehicles 6	Total f
Cost or valuation
At 1 August 2021	640,138	57,002,672	10,708,804	1,046,968	1,300,783	70,699,365
Additions	3,876,883	391,753	653,894	80,369	226,479	5,128,378
Disposals					(378,630)	(378,630)
Transfers between
classes	(3,138,561)	3,138,661
At 31 July 2022	1,377,460	60,632,986	11,262,698	1,127,337	1,148,632	75,449,113
Depreciadon
At 1 August 2021		19,340,840	8,609,379	740,864	899,608	29,590,691
Charge for the year		1,707,798	569,143	63,562	98,445	2,438,948
On disposals					(329,821)	(329,821)
At 31 July 2022		21,048,638	9,178,522	804,426	668,232	31,699,818
Net book value
At 31 July 2022	1,377,460	39,484,348	2,084,176	322,911	480,400	43,749,295
At 31 July 2021	640,138	37,661,832	2,099,425	306,104	401,176	41,108,674

	Assets In	Freehold	Furniture,		Ground
	course of	Land 8	Fixtures &		Machines
	construction 6	Buildings 6	fittings	Boats 6	&Vehicles	Total
Cost or valuation
At 1 August 2021	640,138	57,002,672	10,694,880	1,046,968	1,300,783	70,686,441
Additions	3,875,883	391,763	547,139	80,369	226,479	5,121,623
Disposals					(378,630)	(378,630)
Transfers between
classes	(3,138,561)	3,138,561
At 31July 2022	1,377,460	60,632,986	11,242,019	1,127,337	1,148,632	76,428,434
Depreciation
At 1 August 2021		19,340,840	8,602,378	740,864	899,608	29,583,690
Charge for the year		1,707,798	566,177	63,662	98,445	2,435,982
On disposals					(329,821)	(329,821)
At 31 July 2022		21,048,638	9,168,565	804,426	668,232	31,689,861
Net book value
At 31 July 2022	1,377,460	39,484,348	2,073,464	322,911	480,400	43,738,583
At 31 July 2021	640,138	37,661,832	2,092,502	306,104	401,175	41,101,751

			Designated	Endowed	Fees in
	Group and charity		Fund K	Funds	Advancef	Total F
	Cost or valuation
	At 1 August 2021		2,465,209	1,490,642	3,507,171	7,462,922
	Additions		910,854			910,854
.	Net investment	losses	(152,869)	(77,739)	(70)	(230,678)
	Movements in cash deposits		22,222	1,300	(2,653)	20,869
	At 31 July 2022		3,245,416	1,414,103	3,504,448	8,163,967
	Net book value
	At 31 July 2022		3,245,416	1,414,103	3,504,448	8,163,967
	At 31 July 2021		2,465,209	1,490,542	3,507,171	7,462,922

		2022 5	2021f
Actively managed	securities	3,604,448	3,504,519
Quoted stocks		4,634,977	3,954,730
Cash		24,542	3,673
Total market value		8,163,967	7,462,922

	2022f	2021f
Link Fund Solutions - Ruffer Total Return	1,678,172	1,803,162
Link Fund Solutions - Trojan inc	1,826,246	1,701,356
Sarasin Endowments Fund Class A inc	4,633,793	3,953,396

					Group 2022f	Group 2021f	Charity 2022f	Charily 2021f
Goods	for	resale	and	consumables	275,643	291,891	65,120	64,165

		Group 2022 6	Group 2021 f	Charity 2022	Charity 2021 f
School fees		719,951	563,854	719,951	563,854
Amounts owed by group undertakings				1,655,591	941,120
Other debtors		960,810	1,123,749	168,074	447,326
Prepayments	and accrued income	297,412	253,892	295,735	241,712
		1,978,173	1,941,495	2,839,351	2,194,012

		Group	Group	Charity	Cherty
		2022 E	2021 f	2022 F	2021 f
Trade creditors		916,577	598,362	907,657	692,556
Other taxation and social security		434,048	369,610	392,350	356,133
Fee deposits		952,855	860,844	952,856	860,844
Fees in advance (see	note 20)	2,165,483	2,492,062	2,166,483	2,492,062
Other cr'editors		1,601,071	1,087,851	1,647,027	1,068,614
Accruals and deferred	income	907,942	416,944	759,975	294,029
Other loan		65,000	65,000	65,000	65,000
Term loan 1			146,049		146,049
Term loan 2		388,801	375,024	388,801	375,024
		7,430,777	6,411,746	7,179,148	6,250,311

			Group	Group	Charity	Charity
			2022 F	2021f	2022 6	2021 F
Loan	from Shrewsbury	School Foundation	1,296,046	1,296,046	1,296,046	1,296,046
Fess	deposits		2,885,525	2,765,080	2,885,525	2,765,080
Fees	in advance (see	note 20)	1,756,505	1,590,038	1,756,505	1,590,038
Other	loan		563,334	628,334	663,334	628,334
Term	loan 2		1,144,462	1,533,263	1,144,462	1,533,263
			7,645,872	7,812,761	7,645,872	7,812,761

		2022	2021
		5	5
Within	1-2years	837,143	707,643
Within	2-5 years	767,103	882,495
Over	5years	162,259
		1,756,505	1,690,038
Within	1 year	2,166,483	2,492,062
		3,921,988	4,082,100

				2022	2021
Balance	at 1 August 2020			4,082,100	2,832,013
New contracts				3,159,485	3,346,009
Amounts	accrued	to contracts		122,906	91,595
				7,364,491	6,269,617
Amounts	utilised	in payment	offees to the School	(3,442,603)	(2,187,517)
Balance	at 31 July 2021			3,921,988	4,082,100

Analysis of n	et assets between funds -	current year
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2022f	2022 6	2022 6	2022 6
Tangible fixed	assets	43,749,295			43,749,295
Fixed asset investments		6,749,864		1,414,103	8,163,967
Current assets		8,402,392	782,842	24,619	9,209,853
Creditors due	within one year	(7,430,777)			(7,430,777)
Creditors due	in more than one year	(7,645,872)			(7,645,872)
Total		43,824,902	782,842	1,438,722	46,046,466

Analysis	of net assets	of net assets	between funds - prior year	between funds - prior year
				Unrestricted	Restricted	Endowment	Total
				funds	funds	funds	funds
				2021f	2021	2021f	2021 E
Tangible	fixed	assets		41,108,674			41,108,674
Fixed asset investments				6,972,380		1,490,542	7,462,922
Current assets				9,668,735	798,172	23,417	10,490,324
Creditors	due	within one year		(6,411,746)			(6,411,746)
Creditors	due	in more than one year		(7,812,761)			(7,812,761)
Provisions	for	liabilities	and charges	(1,998,000)			(1,998,000)
Total				40,527,282	798,172	1,513,959	42,839,413

				NOTES	NOTES	TO	THE FINANCIAL STATEMENTS	THE FINANCIAL STATEMENTS	THE FINANCIAL STATEMENTS
				FOR		THE YEAR		ENDED 31 JULY	2022
22.	Statement offunds
	Statement offunds		- current year
		Balance		at 1					Transfers	Gains/	Balance at
		August		2021		Income		Expenditure	In/(out)	(Losses)	31July 2022
							6	6	F			6
	Unrestricted
	funds
	Designated
	funds
	Designated
	funds		2,749,870			78,528			569,865	(152,870)	3,245,393
	Unrestricted
	funds
	General funds	39,792,098			29,641,580			(28,320,162)	(542,970)	(128)	40,570,428
	Subsidiary
	trading		(16,686)			1,968,956		(1,943,189)			9,081
	Pension scheme
	funding deficit		(1,998,000)					94,000		1,904,000
		37,777,412			31,610,536			(30,169,341)	(542,970)	1,903,872	40,579,509
	Total
	Unrestricted
	funds	40,527,282			31,689,064			(30,169,341)	26,895	1,751,002	43,824,902
	Endowment
	funds
	Capital		1,358,862							(72,941)	1,285,921
	Re-endowment
	fund		154,597				2,443			(4,739)	152,301
	Hentschrew
	Prize Fund			600							500
			1,513,959				2,443			(77,680)	1,438,722

22.	Statement offunds (continued)	Statement offunds (continued)	Statement offunds (continued)	Statement offunds (continued)
		Balance at 1 August 2021 8			Income 6	Expenditure f.	Transfers in/(out)f	Gains/ (Losses) 6	Balance at 31July 2022
	Restricted funds
	Shrewsbury
	School
	Foundation		50,989		634,162	(644,997)	(6,909)		33,245
	Guyer Family
	Prize		180		40	(40)			180
	Hentschrew	Prize	80						80
	Darwin
	Scholarship		7,212						7,212
	Hargreaves
	Legacy		500						500
	Salopian Club				19,175	(19,175)
	Duffell Prize	Fund	4,940						4,940
	Shrewsbury
	School Parents'
	Association				902	(902)
	Consolidated
	Fund:
	Unappropriated
	income	626,504			'37,602	(14,710)			649,396
	Art Fund DFE Grant-		2,000						2,000
	Cross External
	Partnership
	Grant		19,078			(19,078)
	Gym Fund		1,400			(1,400)
	Taylor Library
	Fund				150	(150)
	Bursaries				15,573	(15,573)
	Packwood-
	Redevelopment
	ofScience
	Facilities Packwood-		85,289						85,289
	Boarding House
	Upgrade Fund				19,986		(19,986)
		798,172			727,690	(716,025)	(26,895)		782,842
	Total offunds	42,839,413			32,419,097	(30,885,366)		1,673,322	46,046,466

Statement offunds	Statement offunds	(continued)
Statement offunds		- prior year
	Balance at
		1August				Transfers	Gainsr	Balance at
		2020f	Income f	Expenditvra	f	in/(out) f	(Losses) f	31Ju/y 2021 f
Unrestricted
funds
Designated
funds
Designated
funds	1,606,097		42,094			888,164	213,516	2,749,870
Unrestricted
funds
General funds	37,896,561		28,670,494	(27,081,985)		(27,271)	334,299	39,792,098
Subsidiary
trading		6,313	1,382,044	(722,436)		(682,607)		(16,686)
Pension scheme
funding deficit	(2,858,000)			87,000			773,000	(1,998,000)
	35,044,874		30,052,538	(27,717,421)		(709,878)	1,107,299	37,777,412
Total
Unrestricted
funds	36,650,971		30,094,632	(27,717,421)		178,286	1,320,814	40,527,282
Endowment
funds
Capital	1,195,506						163,356	1,358,862
Re-endowment
fund		141,634	2,349				10,614	154,597
Hentschrew
Prize Fund		500						500
	1,337,640		2,349				173,970	1,513,959

22.	Statement offunds (continued)	Statement offunds (continued)	Statement offunds (continued)
			Balance at			Transfers	Gainer	Balance at
			1August 2020f	Income f	Expenditure	in/(out)f	(Losses) f	31July 2021 f
	Restricted funds
	Shrewsbury
	School
	Foundation		60,800	664,128	(495,653)	(178,286)		50,989
	Guyer Family
	Prize		180		(40)			180
	Hentschrew	Prize	80					80
	Darwin
	Scholarship		7,212					7,212
	Hargreaves
	Legacy		600					500
	Salopian Club			16,120	(16,120)
	Duffell Prize	Fund	4,940					4,940
	Shrewsbury
	School Parents'
	Association			365	(365)
	Consolidated
	Fund:
	Unappropriated
	income		605,431	36,161	(15,088)			626,504
	COVID Support		17,956	8,110	(26,066)
	Art Fund		2,000					2,000
	DFE Grant-
	Cross
	Partnership
	Grant			20,000	(922)			19,078
	Gym Fund			1,400				1,400
	External
	Bursaries			860	(860)
	Packwood-
	Redevelopment
	ofScience
	Facilities		85,289					86,289
	Packwood-
	COVID Support		2,297		(2,297)
			786,685	747,184	(557,411)	(178,286)		798,172
	Total of funds		38,775,296	30,844,166	(28,274,832)		1,494,784	42,839,413

					Group	Group
					2022	2021f
	Net income	for the year (as per Statement		of Financial Activities)	1,303,053	3,291,117
	Adjustments	for:
	Depreciation	charges			2,438,948	2,547,472
	Losses/(gains) on investments				230,678	(721,784)
	Dividends and interest from investments				(159,507)	(106,773)
	Loss/(profit)	on the sale offixed assets			13,730	(885,205)
	Decrease in	stocks			16,248	18,129
	Increase in debtors				(36,678)	(99,422)
	Increase in creditors				1,438,218	1,814,059
	Pension scheme movement				(94,000)	(87,000)
	Interest paid	on borrowings			64,916	103,332
	Net cash provided by operating		activities		5,215,606	5,873,925
24.	Analysis of	cash and cash equivalents
					Group	Group
					2022f	2Q21f
	Cash at bank				6,956,037	8,256,938
	Cash held in	investments			24,542	3,673
	Total cash and cash equivalents				6,980,579	8,260,611

						Other non-
				At 1 August		cash	At 31 July
				2021	Cash flows	changes	2022
				E	6		6
Cash	at bank			8,256,938	(1,300,901)		6,956,037
Cash	held	in investments		3,673	20,869		24,542
Debt	due	within	1 year	(586,073)	686,073	(453,801)	(453,801)
Debt	due	after 1 year		(3,457,643)		453,801	(3,003,842)
				4,216,895	(693,959)		3,622,936

									Group	Group
									2022 f	2021
Contracted	for	but	not	provided	in	these	financial	statements	4,349,740'	2,510,994

	At 31 July	At 31Ju/y
	2022	2021
	Years	Years
Mortality rates (in years)
-for a male aged 65 now	22.0	22.0
- at 65 for a male aged 45 now	23.0	23.0
-for a female aged 65 now	24.5	24.4
-at 65 fora female aged 45 now	25.6	25.6

				At 31July	At 31July
				2022	2021
				F.	5
Discount	rate +0.25'/0			(222,000)	(344,000)
RPI rate +0.25'/o				68,000	104,000
DPI rate +0.25'/0				36,000	37,000
Assumed	life expectancy age 65		- increase by 1 year	385,000	280,000
The Group's share ofthe assets			in the scheme was:
				At 31July	At 31Ju/y
				2022	2021
				6	5
Equities				2,971,000	2,866,000
Bonds				575,000	722,000
Property				1,070,000	879,000
Target return				1,147,000	1,187,000
Insurance	annuities			1,217,000	1,607,000
Cash				112,000	88,000
Total fair	value	ofassets		7,092,000	7,349,000
The actual return		on scheme assets was 6-17,000 (2021 -F649,000).

The amounts re	cognised in the	Consolidat	ed S	tatement ofF	inanc	ial Activities are as follows:
						2022	2021
							6
Current service	cost- within Schools and		grant	making		28,000	28,000
Net interest on pension scheme		liabilities	-within finance charges			29,000	37,000
Total amount recognised in the Consolidated				Statement	of Financial
Activities						67,000	65,000
Movements in the present value		ofthe defined		benefit obligation		were as follows:
						2022	2021
						E	6
Opening defined	benefit obligation					9,347,000	9,737,000
Contributions by	scheme participants					3,000	3,000
Actuarial gains						(2,133,000)	(211,000)
Benefits paid						(393,000)	(335,000)
Current service	cost					28,000	28,000
Interest cost						137,000	125,000
Closing defined	benefit obligation					6,989,000	9,347,000
Movements in the fair value ofthe Group's			share of scheme		assets were as follows:
						2022 6	2021f
Opening fair value ofscheme assets						7,349,000	6,879,000
Interest income						108,000	88,000
Actuarial (losses)/gains						(229,000)	562,000
Contributions by	employer					161,000	152,000
Contributions by	scheme participants					3,000	3,000
Benefits paid						(393,000)	(335,000)
Closing fair value ofscheme		assets				6,989,000	7,349,000

												2022	2021
													5
Opening	deficit											(1,998,000)	(2,868,000)
Employer	contributions											151,000	152,000
Charge recorded in Statement					of Financial Activities							(57,000)	(65,000)
Actuarial	loss received			in Statement		of	Financial Activities					1,904,000	773,000
													(1,998,000)
Operating	lease commitments
At 31 July 2022 the			Group and the			charity		had commitments		to make future		minimum lease payments
under non-cancellable				operating	leases		as follows:
												Group and	Group and
												Charity	Charity
												2022	2021
												6	E
Group and Charity			Amounts		payable:
Within 1 year												17,337	39,543
Between	1 and	5 years										27,302	41,323
												44,639	80,866
The following		lease		payments	have		been	recognised	as an expense		in	the Statement	of financial
activities:
												Group	Group
												2022	2021
												6	5
Group and Charity
Operating	lease	rentals										44,056	51,430

				Group	Group	Charity	Cher/ty
				2022 6	2021 f	2022	2021 f
Financial	assets
Financial	assets	measured	at fair value
through	income	and expenditure		8,163,967	7,462,922	8,163,967	7,462,922

				Group	Group	Charity	Charity
				2022	2021	2022	2021
						6	E
Total investment income		for financial assets
measured	at fair value	through income and
expenditure				169,507	106,773	159,607	106,773
Net (gain)/loss on financial assets			measured
at fair value through income and			expenditure	230,678	(721,784)	230,678	(721,784)
Impairment	loss /(gains)	on financial assets
measured	at amortised	cost		(45,423)	44,138	(45,423)	44,138
Total interest	expense for financial		liabilities
held at amortised cost				64,916	103,332	64,916	103,332

				Unrestricted	Restricted	Endowment	Endowment
				funds	funds		funds	Total funds
				2021	2021		2021	2021
				6				5
Income and endowments:
Grants and donations				700,043	711,023			1,411,066
Charitable activities:
School fees				26,325,672				26,325,672
Other educational	income			332,256				332,256
Other ancillary trading		income		611				611
Other trading activities				1,382,044				1,382,044
Investments				68,263	36,161		2,349	106,773
Other income				1,285,743				1,285,743
Total income				30,094,632	747,184		2,349	30,844,165
Expenditure on: Raising funds:
Trading activities				722,436				722,436
Fundraising costs				269,874				269,874
Financing costs				325,118				325,118
Charitable activities:
Education and grant		making		26,399,993	557,411			26,957,404
Total expenditure				27,717,421	557,411			28,274,832
Net income before	investment
gains/(losses)				2,377,211	189,773		2,349	2,569,333
Net gains/(losses) on investments				547,814			173,970	721,784
Net income before	transfers			2,925,025	189,773		176,319	3,291,117
Transfers between Funds				178,286	(178,286)
Net Income before	other recognised		gains
and losses				3,103,311	11,487		176,319	3,291,117
Actuarial (losses)/gains		on defined benefit
pension schemes				773,000				773,000
Net movement In funds				3,876,311	11,487		. 176,319	4,064,117
Reconciliation offunds:
Total funds brought	forward			36,650,971	786,685	'	1,337,640	38,775,296
Total funds carried	forward			40,527,282	798,172		1,513,959	42,839,413