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