| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | Total | Total | ||||
| Income from charitable | activities | |||||
| School fees receivable | 9,861,650 | 9,044,582 | ||||
| Other educational income |
222,148 | 258,417 | ||||
| Other ancillary trading |
income | 96,576 | 86,559 | |||
| 10,180,374 | 9,387,558 | |||||
| Other trading activities | ||||||
| Rents and school lets | 217,113 | 164,769 | ||||
| Investment income |
3,983 | 18,574 | ||||
| Donations and other income |
276,804 | 502,068 | ||||
| Total income | 10,678,054 | 10,070,969 | ||||
| Expenditure on raising |
funds | |||||
| Fun draising | 20,492 | 23,451 | ||||
| Finance costs | 12,290 | 13,671 | ||||
| 32,782 | 37,122 | |||||
| Charitable activities |
||||||
| Provision ofeducation | and grants | 10,426,911 | 10,108,494 | |||
| Total expenditure | 10,459,693 | 10,145,616 | ||||
| Net (expenditure)/income | for the year | 218,361 | (74,647) | |||
| Pension scheme actuarial | adjustments | 23 | 32,000 | 29,000 | ||
| Net movement in funds |
250,361 | (45,647) | ||||
| Fund balances brought | forward at 1 August | 19,426,336 | 19,471,983 | |||
| General Fund balances | carried forward at 31July | 19,676,897 | 19,426,336 |
| s at 31 July 20 | 21 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 2021 | 2020 | |||||
| 6 | 8 | ||||||
| Tangible Fixed Assets | 8 | 19,392,285 | 19,645,186 | ||||
| Investments | |||||||
| Investment in subsidiary |
2 | 2 | |||||
| 19,392,287 | 19,645,188 | ||||||
| Current Assets | |||||||
| Stocks | 10 | 57,103 | 74,570 | ||||
| Debtors | 12 | 397,563 | 269,130 | ||||
| Cash at bank and | in | hand | 2,992,648 | 1,716,055 | |||
| 3,447,314 | 2,059,755 | ||||||
| Creditors: current | liabilities | payable | 13 | (2,160,981) | (2,047,178) | ||
| Net current assets | 1,286,333 | 12,577 | |||||
| Total assets less current liabilities | 20,678,620 | 19,657,765 | |||||
| Creditors: long term liabilities | payable | 14 | (877,180) | (74,686) | |||
| Net Assets excluding | provisions | 19,801,440 | 19,583,079 | ||||
| Pensions Trust provision | 23 | (123,000) | (155,000) | ||||
| Total Net Assets | 19,678,440 | 19428,079 | |||||
| Called up share capital | 16 | 1,743 | 1,743 | ||||
| Unrestricted funds |
|||||||
| General reserve | 17 | 19,799,697 | 19,581,336 | ||||
| Pension reserve | (123,000) | (155,000) | |||||
| TotalFunds | 19,678,440 | 19,428,079 |
| Notes | 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| 6 | ||||||||
| Net cash provided by operating activities |
20 | 649,362 | 444,620 | |||||
| Cash flows in from investing | activities | |||||||
| Interest received | 3,963 | 16,574 | ||||||
| Purchase of property, plant |
and equipment | (378,332) | (1,224,514) | |||||
| Proceeds from the sale of | property, plant |
and | equipment | 1,600 | 3,930 | |||
| Net cash provided by/(used |
in) investing | activities | 372,769 | 1,204,010 | ||||
| Cash flows from financing | activities | |||||||
| 1 000000 | ||||||||
| Change in cash and cash equivalents |
in the | reporting | ||||||
| period | 1,276,593 | (759,390) | ||||||
| Cash and cash equivalents | at the beginning | ofthe | ||||||
| reporting period |
1,716,055 | 2,475,445 | ||||||
| Cash and cash equivalents | at the end | of | the | 21 | 2,992,648 | 1,716,055 | ||
| reporting period |
| estimated | useful lives are considered |
to be as follows: |
|---|---|---|
| Plant and | equipment | -5to 30years |
| Computer | equipment | -3to 5years |
| Furniture, | fixtures and fittings | -10years |
| Motor vehicles | -4years | |
| Freehold | buildings | -10to 100years |
| 2 | Fees | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| 8 | 5 | ||||||
| Gross school fees | 12,152,452 | 10,640,091 | |||||
| Less: Scholarships, | bursaries, | grants and allowances | ~2,446,662 | ~1729733 | |||
| 9,705,800 | 8,910,358 | ||||||
| Bursaries and scholarships | from external bodies | 155,850 | 134,224 | ||||
| 9,861,650 | 9,044,582 | ||||||
| 3 | Other Income | ||||||
| 2021 f |
2020 | ||||||
| Other ancillary | income | ||||||
| Sports Hall income | 2,728 | 25,959 | |||||
| Transport to/from |
school | 37,067 | 32,480 | ||||
| Gift aid from Wreidn | Trading | Limited | |||||
| School shop (uniform | sales, | Old Hall) | 56,781 | 28,120 | |||
| 96,576 | 86,559 | ||||||
| 4 | Investment Income |
||||||
| 2021 | 2020 | ||||||
| 6 | 6 | ||||||
| Interest received | 3,963 | 16,574 | |||||
| 5 | Donations and Other | Income | |||||
| 2021 | 2020 | ||||||
| 5 | |||||||
| Donations and |
grants | 4,147 | 15,294 | ||||
| Job Retention | Scheme receipts | 272,457 | 486,774 | ||||
| Miscellaneous | Income | ||||||
| 276,604 | 502,068 |
| 6 Analysis ofTotal Expenditure | 6 Analysis ofTotal Expenditure | 6 Analysis ofTotal Expenditure | 6 Analysis ofTotal Expenditure | 2021 | |||
|---|---|---|---|---|---|---|---|
| Other | Depreciation | Total | |||||
| costsf | R | ||||||
| Costs ofgenerating | funds | ||||||
| Fundraising Development |
Office | 16,641 | 3,851 | 20,492 | |||
| Finance costs | 12,290 | 12,290 | |||||
| 16,641 | 16,141 | 32,782 | |||||
| Charitable activities |
|||||||
| Provision ofeducation | |||||||
| Teaching | 5,162,410 | 456,917 | 5,819,327 | ||||
| Welfare | 568,935 | 786,075 | 1,355,010 | ||||
| Premises | 542,738 | 976,602 | 831,234 | 2,150,574 | |||
| Support costs | 619,609 | 452,690 | 1,072,299 | ||||
| 6,893,692 | 2,672,284 | 631,234 | 10,197,210 | ||||
| Grants, awards | &prizes | 209,832 | 209,832 | ||||
| Governance costs |
19,869 | 19,869 | |||||
| 6,893,692 | 2,901,985 | 631,234 | 10,426,911 | ||||
| Total resources expended | 6,910,333 | 2,918,126 | 631,234 | 10,459,693 | |||
| 2020 | |||||||
| Staffcosts | Other | Depreciation | Total | ||||
| costs | |||||||
| R | f | ||||||
| Costs ofgenerating | funds | ||||||
| Fundraising Development |
Office | 18,022 | 5,429 | 23,451 | |||
| Finance costs | 13,671 | 13,671 | |||||
| 18,022 | 19,100 | 37,122 | |||||
| Charitable activities |
|||||||
| Provision ofeducation | |||||||
| Teaching | 5,110,359 | 445,757 | 5,556,116 | ||||
| Welfare | 589,465 | 628,823 | 1,218,288 | ||||
| Premises | 521,135 | 967,088 | 622,394 | 2,110,617 | |||
| Support costs | 659,934 | 543,159 | 1,203,093 | ||||
| 6,880,893 | 2,584,827 | 622,394 | 10,088,114 | ||||
| Grants, awards | &prizes | ||||||
| Governance costs | 20,380 | 20,380 | |||||
| 6,880,893 | 2,605,207 | 622,394 | 10,108,494 | ||||
| Total resources expended | 6,898,915 | 2,624,307 | 622,394 | 10,145,616 |
| Net Movement in Funds for ths year are stated after charging i(crediting): |
||
|---|---|---|
| 2021f | 2020 f |
|
| Depreciation - on owned assets | 631,234 | 622,394 |
| Auditors' remuneration |
13,835 | 14,929 |
| Auditors' remuneration for other services |
1,680 | |
| Bank charges | 8,991 | 10,554 |
| Donations | 209,832 | |
| Bank interest receivable | (815) | (11,524) |
| Other interest receivable | (3,148) | (5,050) |
| Operating Lease payments |
16,224 | 25,281 |
| Tangible Assets | |||||||
|---|---|---|---|---|---|---|---|
| Freehold | Plant 8 | Computer | Furniture | Motor | Total | ||
| Property F |
Equipmentf | Equipmentf | &Fixtures | Vehicles | |||
| Cost | |||||||
| 1 August 2020 | 24,887,681 | 841,240 | 479,442 | 1,046,778 | 218,323 | 27,473,464 | |
| Additions | 151,994 | 79,478 | 85,531 | 41,370 | 19,959 | 378,332 | |
| Disposals | (36,501) | (62,490) | (33,850) | (132,841) | |||
| 31 July 2021 | 25,039,675 | 884,217 | 502,483 | 1,054,298 | 238,282 | 27,718,955 | |
| Depreciation | |||||||
| 1 August 2020 | 5,868,527 | 695,449 | 380,009 | 687,066 | 197,224 | 7,828,276 | |
| Charge for Year | 435,406 | 49,271 | 53,086 | 77,780 | 15,691 | 631,234 | |
| Disposals | (36,501) | (62,490) | (33,850) | (132,841) | |||
| 31 July 2021 | 6,303,933 | 708,219 | 370,605 | 730,996 | 212,915 | 8,326,669 | |
| Net Book Value | |||||||
| 31 July 2021 | 18,735,742 | 175,998 | 131,878 | 323,302 | 25,367 | 19,392,285 | |
| 31 July 2020 | 19,019,154 | 145,791 | 99,433 | 359,712 | 21,099 | 19,645,186 |
| tocks | |||
|---|---|---|---|
| 2021 | 2020 | ||
| 8 | 0 | ||
| Raw materials | and consumables | 17,520 | 29,058 |
| Goods for re-sale | 39,583 | 45,512 | |
| 57,103 | 74,570 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Balance ofCapital and Reserves | (4,097) | (5,173) | |||
| Result for the Year | 1,076 | (5,175) | |||
| ebtors | |||||
| 2021 | 2020 | ||||
| 6 | s | ||||
| Debtors in respect ofschool fees |
184,495 | 100,231 | |||
| Other debtors | 18,429 | 22,055 | |||
| Amount due from Wrekin Trading | Limited | 45,364 | 9,442 | ||
| Prepayments and accrued income |
149,275 | 137,402 | |||
| 397,563 | 269,130 | ||||
| reditors: Amounts | falling due within one year | ||||
| 2021 | 2020 | ||||
| School fees paid on | account | 799,742 | 779,331 | ||
| Trade creditors | 105,628 | 98,056 | |||
| Other creditors | 555,916 | 468,136 | |||
| Taxation and social | security | 125,880 | 111,445 | ||
| Accruals and deferred | income | 379,371 | 590,210 | ||
| CBILloan | 194,444 | ||||
| 2,160,981 | 2,047,178 |
| reditors: | Amounts falling due after more than one yea |
r | |
|---|---|---|---|
| 2021 | 2020 | ||
| School fees paid on account | 58,924 | 57,286 | |
| Allied Schools pension | 12,700 | 17,400 | |
| CBILloan | 805,556 | ||
| 877,180 | 74,686 | ||
| 2021 | 2020 | ||
| 8 | 6 | ||
| Amounts | payable as follows: | ||
| 1 —2years | 392,257 | 57,286 | |
| 2 —5years | 484,923 | 17,400 | |
| 877,180 | 74,686 |
| Authorised | Allotted, called | up | ||||
|---|---|---|---|---|---|---|
| and fully paid | ||||||
| 2021 | 2020 | 2021 | 2020 | |||
| 6 | 8 | |||||
| Et | ordinary | shares | 5,000 | 5,000 | 1,743 | 1,743 |
| At 1 August 2020 | At 1 August 2020 | 19,426,336 | |||
|---|---|---|---|---|---|
| Net movement | in | funds | 250,361 | ||
| At 31 July 2021 | 19,676,697 | ||||
| General reserve | 19,799,697 | ||||
| Pensions Trust | reserve | (123,000) | |||
| At 31 July 2021 | 19,676,697 | ||||
| The net movement | in funds for the year is the only movement | in shareholders' | funds. |
| Employees and Employee Costs |
||
|---|---|---|
| 2021 | 2020 | |
| 8 | f | |
| Wages and salaries | 5,406,280 | 5,468,575 |
| Social security costs | 527,963 | 496,667 |
| Other pension costs | 943090 6,877,333 |
902653 6,867,915 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Number | Number | |||||
| Teaching staff | 102 | 106 | ||||
| Establishment | and administrative | staff | 126 | 131 | ||
| 228 | 237 | |||||
| Staff numbers | are quoted | on a | headcount | basis. |
| The number ofstaff in pension schemes were as follows: | ||
|---|---|---|
| Defined Contribution | 81 | 81 |
| Defined Benefit | 93 | 93 |
| Reconciliation of |
Net Movem | en | t in Funds to Net Cash Infl |
ow from Operating Activities |
|
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| 6 | 6 | ||||
| Net income for the | reporting | period | 218,361 | (74,647) | |
| Adjustments for: |
|||||
| Interest receivable | (3,963) | (16,574) | |||
| Depreciation charges |
631,234 | 622,394 | |||
| (Profit)/Loss on disposal offixed |
assets | (1,600) | (3,930) | ||
| (Increase)/Decrease | in stocks | 17,467 | (18,929) | ||
| (Increase)/Decrease | in debtors | (128,433) | 65,299 | ||
| (Decrease)/Increase | in creditors | (83,704) | (128,993) | ||
| Net cash provided | by operati | ng | activities | 649,362 | 444,620 |
| Analysis and Reconciliation ofNet |
Funds | |||
|---|---|---|---|---|
| Other non- | ||||
| At 1 Aug | cash | At 31July | ||
| 2020 6 |
Cash flowf | changes 6 |
2021 8 |
|
| Cash at bank and in hand | 1,718,055 | 1,276,593 | 2,992,648 | |
| 1,718,055 | 1,276,593 | 2,992,648 | ||
| CBILloan repayable | 1 000 000 | 1,000,000 | ||
| Net funds | 1,716,055 | 276593 | 1,992,648 |
| e pay |
ments | under non-cancellable operating leases, which fall d |
ue as | |
|---|---|---|---|---|
| ws: | 2021 | 2020 | ||
| Other | Other | |||
| 6 | 6 | |||
| Within | one | year | 19,224 | 16,224 |
| Later | than | one year and less than five years | 5,306 | 20,280 |
| 24,530 | 36,504 |
| From | 1 | April | 2016to | 30 | September | 2025: | E12,945,440 per annum | (payable monthly on 1stApril) |
and increasing | by 3%each |
|---|---|---|---|---|---|---|---|---|---|---|
| From | 1 | April | 2016to | 30 | September | 2028: | f54,560 per annum | (payable monthly on 1stApril) |
and increasing | by 3%each |
| 31July 2021 | 31July 2020 | 31July 2019 | |||||
|---|---|---|---|---|---|---|---|
| (gs) | (gs) | (gs) | |||||
| Present value of provision | 122,604 | 154,818 | 183,914 | ||||
| RECONCILIATION | OF OPENING AND CLOSING | PROVISIONS | |||||
| 31July 2021 | 31July 2020 | ||||||
| (gs) | (gs) | ||||||
| Provision at start of period | 154,818 | 183,914 | |||||
| Unwinding ofthe discount factor |
(interest expense) | 823 | 1,667 | ||||
| Deficit contribution | paid | (33,100) | (32,136) | ||||
| Remeasure ments | —impact ofany | change | in assumptions | 63 | 1,373 | ||
| Remeasurements | -amendments | to the contribution | schedule | ||||
| Provision at end of period | 122,604 | 154,818 |
| Interest expense | 823 | 1,667 | ||
|---|---|---|---|---|
| Remeasurernents —impact ofany change in assumptions |
63 | 1,373 | ||
| Remeasurements —amendments to the contribution schedule |
||||
| Contributions paid in respect offuture service' |
||||
| Costs recognised in Income and expenditure account |
||||
| *includes defined contribution schemes and future service contributions |
(i.e.excluding any def)cit reduction | payments) to | ||
| defined benefit schemes which are treated as defined contribution | schemes. To be completed | by the company. |