2023-07-31-accounts - The Wrekin Old Hall Trust Limited

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					2023	2022
				Notes	Total	Total
Income from charitable	activities
School fees receivable					12,922,108	11,406,581
Other educational income					300,700	354,552
Other ancillary trading	income				130,569	160,328
					13,353,377	11,921,461
Other trading activities
Rents and sr,hool lets					204,713	202,220
Investment income					47,323	11,339
Donations and other income					13,180	18,412
Total income					13,618,593	12,153,432
Expenditure on raising	funds
Fundraising					23,775	28,930
Finance costs					43,896	31,993
					67,671	60,923
Charitable activities
Provision of education	and grants				12,540,158	11,412,392
Total expenditure					12,607,829	11,473,315
Net (expenditure)/income		for the year			1,010,764	680,117
Pension scheme actuarial		adjustments		23	8,000	99,000
Net movement in funds					1,018,764	779,117
Fund balances brought	forward		at 1 August		20,455,8'I4	19,676,697
General Fund balances	carried		forward at 31July		21,474,578	20,455,814

				Notes	2023	2022
Tangible Fixed Assets				8	20,717,676	20,100,250
investments
Investment in subsidiary
					20,717,678	20,100,252
Current Assets
Stocks				10	37,442	27,880
Debtors				12	861,947	577,548
Cash ai bank and in	hand				2,974,644	3,012,675
					3,874,033	3,618,103
Creditors: current liabilities		payable		13	(2,859,534)	(2,673,765)
Net current assets					1,014,499	944,338
Total assets less current liabilities					21,732,177	21,044,590
Creditors. long term liabilities			payable	14	(239,856)	(563,033)
Net Assets excluding	provisions				21,492,321	20,481,557
Pensions Trust provision				23	(16,000)	(24,000)
Total Net Assets					21,476,321	20,457,557
Called up share capital					1,743	1,743
Unrestricted funds
General reserve				17	21,490,578	20,479,814
Pension reserve					(16,000)	(24,000)
Total Funds					21,476,321	20,457,557

					Notes	2023	2022
						E	6
Net cash provided by operating acbvitles					20	1,593,957	1,586,567
Cash flows in from Investing activities
Interest received						47,323	11,339
Purchase of properly, plant and equipment						(1,327,308)	(1,384,191)
Proceeds frere the sale of	property, plant		and	equip ment		9,110	756
Net cash provided by/(used	in) investing		acUvities			1,270,875	1,372,096
Cash flows from financing	activities
Repayment of bank loans						(361,112)	(194,444)
Proceeds from new bank loans
Net cash provided by/(used	in) financing		acfiivities			361,112	194,444
Change in cash and cash equivalents		in	the	reporting
period						(38,031)	20,027
Cash and cash equivalents	at the beginning			ofthe
reporting period						3,012,675	2,992,648
Cash and cash equivalents	at the end	of	the		21	2,974,644	3,012,675
reporting pedod

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

2	Fees
											2023	2022
											f
		Gross	school fees								15,529,299	13,910,307
		Less; Scholarships,				bursaries,		grants	and	allowances	~2779 697	~2674 976
											12,749,608	11,235,731
		Bursaries and scholarships					from external			bodies	172,500	170,850
											12,922,108	11,406,581
3	Other	Income
											2023 f	2022f
		Other ancillary		income
		Sports	Hall income								24,787	22,093
		Transport to/from			school						58,466	55,221
		Gift aid	from Wrekin			Trading		Limited			47,301	31,319
		School	shop (uniform sales,					Old Hall)			15	51,695
											130,569	160,328
4	Investment Income
											2023 f	2022 f
		interest	received								47,323	11,339
5	Donations and Olher			Income
											2023 f	2022f
		Donations and		grants							13,180	18,412

6 Analysis of Total	6 Analysis of Total	Expenditure	Expenditure				2023
				Staff costs	Other	Depreciation	Total
					costs
					E	E	E
Costs of generating		funds
Fundraising Development			Office	20,654	3,121		23,775
Finance costs					43,896		43,896
				20,654	47,017		67,671
Charitable activities
Provision of education
Teaching				5,718,639	843,484		6,562, 123
Welfare				680,018	1,096,255		1,776,273
Premises				617,067	1,237,608	709,882	2,564,557
Support costs				831,329	688,197		1,519,526
				7,847,053	3,865,544	709,882	12,422,479
Grants, awards	&	prizes			109,000		109,000
Governance costs					8,679		8,679
				7,847,053	3,983,223	709,882	12,540,158
Total resources	expended			7,867,707	4,030,240	709,882	12,607,829
							2022
				Staff costs	Other	Depreclagton	Total
					costs
					E	E	E
Costs of generating		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	exp	ended		7,123,047	3,699,046	651,222	11,473,315

Net Movement in Funds forthe year are stated after charging	Net Movement in Funds forthe year are stated after charging
		2023f	2022 f
Depreciation	-on owned assets	709,882	651,222
Auditors' remuneration		14,285	20,225
Bank charges		19,274	9,487
Donations		109,000	80,000
Bank interest	receivable	(35,836)	(1,807)
Other interest	receivable	(11,487)	(9,532)
Operating Lease payments		30,232	30,232

8 Tangible Assets
	Freehold	Plant &	Computer	Furniture	Motor	Total
	Property 6	Equipmentf	Equipment 8	&Fixtures 8	Vehiclesf
Cost
1 August 2022	26,114,888	949,894	465,591	1,160,275	248,737	28,939,385
Additions	502,115	124,761	62,547	593,677	44,208	1,327,308
Disposals	(5,721)	(31,583)	(29,029)	(80,257)	(51,796)	(198,386)
31 July 2023	26,611,282	1,043,072	499,109	1,673,695	241,149	30,068,307
Depreciation
1 August 2022	6,750,997	716,989	366,222	783,720	221,207	8,839,135
Charge for Year	467,134	62,795	56,208	109,212	14,533	709,882
Disposals	(5,721)	(31,583)	(29,029)	(80,257)	(51,796)	(198,386)
31July 2023	7,212,410	748,201	393,401	812,675	183,944	9,350,631
Nst Book Value
31 July 2023	19,398,872	294,871	105,708	861,020	57,206	20,717,676
31 July 2022	19,363,891	232,905	99,369	376,555	27,531	20,100,250

Stocks
		2023	2022
		f	f
Raw materials	and consumables	31,401	23,133
Goods for re-sale		6,041	4,747
		37,442	27,880

	The following inform	ation is	disdos	ed:
					2023	2022
					6	6
	Balance of Capital	and Reserves			2	2
	Result for the Year				47,301	35,408
12	Debtors
					2023	2022
						6
	Debtors in respect	of school fees			558,918	380,200
	Other debtors				93,051	33,961
	Amount due from Wrekin Trading			Limited	110,239	33,582
	Prepayments and accrued		income		99,739	129,805
					861,947	577,548
13	Creditors: Amounts	falling	due within one year
					2023	2022
						6
	School fees paid on account				931,320	1,075,320
	Trade creditors				302,646	84,852
	Other creditors				381,193	354,504
	Taxation and social	security			149,415	131,501
	Accruals and cleferred income				761,624	694,252
	CBIL loan				333,336	333,336
					2,859,534	2,673,765

reditors:	Amounts falling due after more than one yea	r
		2023	2022 f
School fees paid on account		96,448	90,813
Allied Schools pension		32,300
CBILloan		111,108	472,220
		239,856	563,033
		2023	2022
		f	f
Amounts	payable as follows:
1 —2 years		219,451	424,149
2 —5 yearn		20,405	137,784
		239,856	561,933

			Authonsed		Allotted, called	up
					and fully paid
			2023	2022	2023	2022
				8		8
51	ordinary	shares	5,000	5,000	1,743	1,743

At 1 August 2022	20,455,814
Net movement in funds	1,018,764
At 31 July 2023	21,474,578
General reserve	21,490,578
Pensions Trust reserve	(16,000)
At 31 July 2023	21,474,578

Employees and Employee Costs
	2023	2022
Wages and salaries	6,317,376	5,817,386
Social security costs	572,871	502,093
Other pension costs	968 460	703568
	7858 707	7023047

The average monthly	The average monthly	number of	number of	employees	of the company	the financial year was as follows:	the financial year was as follows:
						2023	2022
						Number	Number
Teaching staff						103	103
Estab)ishment	and	administrative		staff		132	126
						235	229
Staff numbers	are	quoted	on a	headcount	basis.

E60,000	-E70,000
E'70,001	-E80,000
E80,001	-E90,000
E90,000	-E'f00,000
E120,000	- E130,000
E140,000	- E150,000

				2023	2022
				8
Net income for the	reporting	period		1,010,764	680,117
Adjustments for:
interest receivable				(47,323)	(11,339)
Depreciation charges				709,882	651,222
(Profit)/Loss on disposal of fixed			assets	(9,213)	24,255
(Increase)/Decrease	in stocks			(9,562)	29,223
(Increase)/Decrease	in debtors			(284,399)	(179,985)
increase in creditors				223,808	393,074
Net cash provided	by operating		activities	1,593,957	1,586,567

				Other non-
		At 1 Aug		cash	At 31July
		2022 6	Cash flow	changesf	2023 6
Cash at bank and	in hand	3,012,675	(38,031)		2,974,644
		3,012,675	(38,031)		2,974,644
CBIL loan repayable		805,556	361,112		444,444
Net funds		2,207,119	323,081		2,530,200
Cash at bank and	in hand	3,012,675	(38,031)		2,974,644
CBIL loan due within one year		(333,336)	361,112	(333,336)	(305,560)
CBIL loan due after one year		(472,220)		333,336	(138,884)
Net funds		2,207,119	323,081		2,530,200

									2023	2022
									Other	Other
										6
Within	one	year							43,426	38,586
Later	than	one	year	and	less	than	five	years	54,004	45,667
									97,430	84,253

				31July 2023	31July 2022	31July 2021
				(Es)	(6s)	(1st
Present	value	of	prevision	13,366	23,361	122,604

Prevision at start af period	Prevision at start af period				23,361	122,604
Unwinding of the	discount factor	(interest	expense)		571	626
Deficit contribution	paid				(9,699)	(25,736)
Remeasurernents	—impact of any	ohange	in assumptions		(267)	(720)
Remeasurements	-amendments	to the contribution		schedule		(73,413)
Provision stead ofpsnod					13,966	23,361

Interest expense			571	626
Rem easurem ants	—irnpact of any change in assumptions		(267)	(720)
Rerneasurements	—arnendrnents to the contribution	schedule		(73,413)
Cantributions paid	in respect offuture service'
Casts recognised	in income and expenditure account