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||||||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|||||||||
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|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|
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##
|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|
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|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.||
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