2022-07-31-accounts

					2022	2021
				Notes	Total	Total
Income from charitable		activities
School fees receivable					11,406,581	9,861,650
Other educational income					354,552	222,148
Other ancillary trading		income			160,328	96,576
					11,921,461	10,180,374
Other trading activities
Rents and school lets					202,220	217,113
Investment income					11,339	3,963
Donations and other income					18,412	276,604
Tota I income					12,153,432	10,678,054
Expenditure on raising		funds
Fundraising					28,930	20,492
Finance costs					31,993	12,290
					60,923	32,782
Charitable activities
Provision ofeducation		and grants			11,412,392	10,426,911
Total expenditure					11,473,315	10,459;693
Net (expenditure)/income			for the year		680,117	218,361
Pension scheme actuarial			adjustments	23	99,000	32,000
Net movement in funds					779,117	250,361
Fund balances brought	forward at 1 August				19,676,697	19,426,336
General Fund balances		carried forward at 31 July			20,455,814	19,676,697

As at 31 July 20	22
						Notes	2022	2021
Tangible Fixed Assets							20,100,250	19,392,285
Investments
Investment in subsidiary
							20,100,252	19,392,287
Current Assets
Stocks						10	27,880	57,103
Debtors						12	577,548	397,563
Cash at bank and	in	hand					3,012,675	2,992,648
							3,618,103	3,447,314
Creditors: current	liabilities			payable			(2,673,765)	(2,160,981)
Net current assets							944,338	1,286,333
Total assets less current			liabilities				21,044,590	20,678,620
Creditors: long term liabilities					payable		(563,033)	(877,180)
Net Assets excluding		provisions					20,481,557	19,801,440
Pensions Trust provision							(24,000)	(123,000)
Total Net Assets							20,457,557	19,678,440
Called up share capital						16	1,743	1,743
Unrestricted funds
General reserve						17	20,479,814	19,799,697
Pension reserve							(24,000)	(123,000)
Total Funds							20,457,557	19,678,440

									Notes	2022	2021
										f
Net cash	provided	by operating			activities				20	1,586,567	649,362
Cash flows in from		investing		activities
Interest	received									11,339	3,963
Purchase of property, plant				and	equipment					(1,384,191)	(378,332)
Proceeds from the sale of			property, plant				and	equipment		756	1,600
Net cash	provided	by/(used		in)	investing		activities			1,372,096	372,769
Cash flows from financing			activities
Repayment	ofbank	loans								(194,444)
Proceeds	from new	bank loans									1,000,000
Net cash provided		by/(used		in)	financing		activities			194,444	1,000,000
Change in cash and cash equivalents						in the		reporting
period										20,027	1,276,593
Cash and	cash equivalents			at the beginning				ofthe
reporting	period									2,992,648	1,716,055
Cash and	cash equivalents		at the end			ofthe			21	3,012,675	2,992,648
reporting	period

Plant and	equipment	-5 to 30years
Computer	equipment	-3 to 5years
Furniture, fixtures and fittings Motor vehicles		- 10years -4 years
Freehold	buildings	- 10to 100years

2	Fees							2022	2021
								f
		Gross school fees Less: Scholarships,	bursaries,		grants	and	allowances	13,910,307 ~2,674,5~76	12,152,452 ~2,44~6,652
								11,235,731	9,705,800
		Bursaries and scholarships		from external			bodies	170,850	'I55,850
								11,406,581	9,861,650
3	Other	Income						2022	2021
		Other ancillary income
		Sports Hall income Transport to/from school Gift aid from Wrekin Trading			Limited			22,093 55,221 31,319	2,728 37,067
		School shop (uniform	sales,	Old Hall)				51,695	56,781
								160,328	96,576
4	investment Income							2022	2021
		Interest received						11,339	3,963
5	Donations and Other Income							2022	2021
		Donations and grants						18,412	4,147
		Job Retention Scheme receipts							272,457
								18,412	276,604

6 Analysis ofTotal Expenditure	6 Analysis ofTotal Expenditure	6 Analysis ofTotal Expenditure	6 Analysis ofTotal Expenditure				2022
				Staff costs	Other	Depreciation	Total
					costs
					E	f.
Costs ofgenerating		funds
Fundraising Development			Office	18,498	10,432		28,930
Finance costs					31,993		31,993
				18,498	42,425		60,923
Charitable activities
Provision of education
Teaching				5,267,089	772,387		6,039,476
Welfare				635,463	964,789		1,600,252
Premises				519,579	1,157,308	651,222	2,328,109
Support costs				682,418	656,601		1,339,019
				7,104,549	3,551,085	651,222	11,306,856
Grants, awards	&prizes				80,000		80,000
Governance costs					25,536		25,536
				7,104,549	3,656,621	651,222	11,412,392
Total resources expended				7,123,047	3,699,046	651,222	11,473,315
							2021
				Staff costs	Other	Depreciation	Total
					costs
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		5,619,327
Welfare				568,935	786,075		1,355,010
Premises				542,738	976,602	631,234	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

Net Movement in Funds for the year are stated after charging I(crediti	ng):
		2021
Depreciation - on owned assets	651,222	631,234
Auditors' remuneration	20,225	'l3,835
Auditors' remuneration for other services		1,680
Bank charges	9,487	8,991
Donations	80,000	209,832
Bank interest receivable	(1,807)	(815)
Other interest receivable	(9,532)	(3,148)
Operating Lease payments	30,232	16,224

8	Tangibie Assets	Freehold	Plant 8	Computer	Furniture	Motor	Total
		Property f	Equipment	Equipment	8 Fixtures f	Vehicles f
	1 August 2021	25,039,675	884,217	501,520	1,054,298	238,282	27,717,992
	Additions	1,100,218	'I14,664	25,993	132,861	10,455	1,384,191
	Disposals	(25,005)	(48,987)	(61,922)	(26,884)		(162,798)
	31 July 2022	26,114,888	949,894	465,591	1,160,275	248,737	&8939385
	l3epreciation
	'! August 2021	6,303,933	708,219	369,643	730,996	2'12,915	8,325,707
	Charge for Year	447,064	57,757	58,501	79,608	8,29'1	651,221
	Disposals		(48,987)	(61,922)	(26,884)		(137,793)
	31 July 2022	6;750,997	716,989	366,222	783,720	221,206	8,839,135
	Net Book Value
	31 July 2022	19,363,891	232,905	99,369	376555	27,531	20,100,250
	31 July 2021	18,735,742	175,998	131,877	323,302	25,367	19,392,285

tocks
		2022	2021
		f	f.
Raw materials	and consumables	23,133	17,520
Goods for re-sale		4,747	39,583
		27,880	57,103

Balance of Capital	and Reserves		(4,097)
Result for the Year		35,408	1,076

ebtors
					2021
Debtors	in respect of school fees			380,200	'l84„495
Other debtors				33,961	'l8,429
Amount	due from Wrekin Trading		Limited	33,582	45,364
Prepayments		and accrued income		129,805	149,275
				577,548	397,563

reditors:Amounts	falling due within one year
		2022	2021
School fees paid on	account	1,075,320	799,742
Trade creditors		84,852	105,628
Other Creditors		354,504	555,916
Taxation and social	security	131,501	'125,880
Accruais and deferred income		694,252	379.371
CEIL loan		333,336	194,444
		2,673,765	2. 'I 60,981

reditors: Amounts falling due after more than one yea	r
	2022	2021
School fees paid on account	90,813	58,924
Allied Schools pension		12,700
CBIL loan	472,220	805,556
	563,033	877,180
	2022	2021
Amounts payable as follows:
1 —2 years	424,149	392,257
2 —5 years	137,784	484,923
	561,933	877,180

						2022	2021
						Number	Number
Teaching	staff					103	102
Establishment		and administrative		staff		126	126
						229	228
Staff numbers		are quoted	on a	headcount	basis.

F60,000	-	f70,000
f70,001	-	280,000
f80,001	-	f90,000
290,000	-	F100,000
f110,000	-	f120,000
2120,000	-	6130,000

176	81
	93

20	Reconciiiation of	Net Movement	Net Movement	in Funds to	Net Cash Inflow from	Operating Activities	Operating Activities
							2022
							K
	Net income for the Adjustments for: Interest receivable	reporting	period				680,117 (11,339)		218,361 (3,963)
	Depreciation charges (Profit)/Loss on disposal offixed assets (Indrease)/Decrease in stocks (increase)/Decrease in debtors (Decrease)/Increase in creditors						651,222 24,255 29,223 (179,985) 393,074		631,234 (1,600) 17,467 (128,433) (83,704)
	Net cash provided	by operating		activities		1,586,567			649,362
21	Analysis and Reconciliation		of	Net Funds
							Other	non-
					At 1 Aug			cash	At 31July
					2021	Cash flow	changes		2022
					E
	Cash at bank and 1n	hand			2,992,648	20,027			3,012,675
					2,992,648	20,027			3,012,675
	CBIL loan repayable Net funds				1,000,000 1,992,648	194,444 214,471			~80~5,556 2,20?,119
	Cash at bank and in CBIL loan due within CBIL loan due after Net funds	hand one year one year			2,992,648 (194,444) (805,556) 1,992,648	20,027 194,444	(333336) 33,336		3,012,675 (333336) (472,220) 2,207,119

									2022	2021
									Other	Other
									F
N/ithin Later	one than	year one	year	and	less	than	five	years	38,586 45,667	19,224 5,306
									84,253	24,530

				31	July 2022	31July 2021	31July 2020
					(fs)	(fs)	(fs)
Present	value	of	provision		23,361	122,604	154,818

					~ ~		~ ~	~
Provision at start of period						122,604		154,818
Unwinding ofthe	discount factor	(interest	expense)			626		823
Deficit contribution	paid					(25,736)		(33,100)
Remeasurements	- impact of any	change	in assumptions			(720)		63
Remeasurements	-amendments	to the contribution		schedule		(73,413)
Provision at end of period						23,361		122,604

				~ ~	~	~ ~	~
Interest expense					626			823
Remeasurements	—impact ofany change in	assumptions			(720)			63
Remeasurements	—amendments to the contribution		schedule		(73,413)
Contributions paid in respect of future service*
Costs recognised	in income and expenditure	account

					e	e
Rate	of	discount	3.15	0.57			0.60