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||||||Page|
|---|---|---|---|---|---|
|Reference and administrative||details ofthe charity, its Governors||and advisers||
|Governors'
report|||||2- 10|
|Independent
auditor's|report|on ths financial|statements||11-14|
|Statement
offinancial|activities||||15|
|Balance sheet|||||16|
|Statement ofcash flows|||||17|
|Notes to the financial|statements||||18-36|
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|Governors|||J R Gittins Esq., Chair|J R Gittins Esq., Chair|J R Gittins Esq., Chair|
|---|---|---|---|---|---|
||||J A Claughton||Esq.|
||||I P P Crawford||Esq.|
||||K D Phillips Esq.|||
||||SA Blackfedge||Esq.|
||||Mrs A K Hayer|||
||||Mrs C R Ashley|||
|Company|registered|||||
|number|||00634981|||
|Charity registered||||||
|number|||528959|||
|Registered||office|24 StJames
Edgbaston|Road||
||||Birmingham|||
||||B152NX|||
|Secretary|and Bursar||Ms J Robinson|||
|Headmaster|||A M J Lyttle|Esq.||
|Independent||auditor|Dsins Audit Limited|||
||||15Colmore|Row||
||||Birmingham|||
||||B32BH|||
|Bankers|||Lloyds Bank|pic||
||||1 Calthorpe|Road||
||||Birmingham|||
||||B151QL|||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2022|2022|2022|2021|
||||Note|||6|6|
|Income from:||||||||
|Donations
and legacies||||12,370||12,370|23,488|
|Charitable
activities||||3,605,914||3,605,914|3,353,721|
|Other trading
activities||||37,697||37,697|24,614|
|Investmsnts||||8,143||8,143|19,724|
|Total income||||3,864,124||3,664,124|3,421,547|
|Expenditure
on:||||||||
|Charitable
activities:||||||||
|School and Nursery||||2,632,113||2,632,113|2,348,508|
|Support costs||||804,404||804&404|732,493|
|Total expenditure||||3,436,517||3,436,517|3,081,001|
|Net (losses)/gains|on investments||||(343)|(343)|1,122|
|Net Income/(expenditure)||||227,607|(343)|227,264|341,668|
|Transfers
between|funds||18|(162)|162|||
|Net movement
in|funds|||227,445|(181)|227,264|341,668|
|Reconciliation
of|funds:|||||||
|Total funds brought||forward|18|4,126,338|10,513|4,136,851|3,795,183|
|Net movement
in funds||||227,445|(181)|227,264|341,668|
|Total funds carried||forward|18|4,353,783|10,332|4,364,115|4,136,851|
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|||Note||2022f||2021
6|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets||12||929,961||751,497|
|Investments||13||7,112||7,455|
|||||937,063||758,952|
|Current assets|||||||
|Stocks||14|24,406||20,508||
|Debtors||15|138,724||117,741||
|Investments||16|1,153,198||250,756||
|Cash at bank and In hand|||2,864,874||3,688,309||
||||4,181,202||4,077,314||
|Creditors; amounts|falling due within one||||||
|year||17|(?54,150)||(699,415)||
|Net current assets||||3,427,052||3,377,899|
|Total net assets||||4,364,115||4,136,851|
|Charity funds|||||||
|Restricted funds||18||10,332||10,513|
|Unrestricted
funds||18||4,353,783||4,126,338|
|Total funds||||4,364,115||4,136,851|
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||||||Note|2022
6|2021f|
|---|---|---|---|---|---|---|---|
|Cash flows from operating|activities|||||||
|Net cash used
in operating|activities||||20|370,719|672,677|
|Cash flows from Investing|activities|||||||
|Interest and dividends
from|investments|||||8,143|19,724|
|Purchase of tangible
fixed assets||||||(299,855)|(300,375)|
|Net cash used In investing|activities|||||(291,712)|(280,651)|
|Change
In cash and cash|equivalents|In|the year|||79,007|392,026|
|Cash and cash equivalents|at the beginning||ofthe year|||3,939,065|3,547,039|
|Cash and cash equivalents|at the end of||the year||21|4,018,072|3,939,065|
|The notes on pages 16to 36 form part ofthese financial||||statements||||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022f|2022f|2021|
|West House|School Parents' Association|130|130|6,500|
|Donations||9,870|9&870|1,000|
|Government|grants|2,370|2,370|15,988|
|||12,370|12&370|23,488|
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2021|
||6|6|6|
|Gross fees|3,790,846|3,790,846|3,565,093|
|Bursaries|(246,695)|(246,695)|(253,462)|
|Recovery ofcosts for extras and disbursements|61,763|61,763|42,090|
||3,605,914|3,605,914|3,353,721|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||E|E|E|
|Hire of premises||13,120|13,120|8,987|
|tither fundraising|activities|5,137|5,137|7,858|
|Sundry income||19,440|19,440|7,769|
|||37,697|37,697|24,614|
##
||||||Unrestricted|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2022|
||||||E|E|
|Interest|receivable|on|short-term|deposits|8,143|8,143|
|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2021|
|||||E|E|E|
|Interest|on fixed asset investments||||97|97|
|Interest|receivable|on short-term|deposits|19,627||19,627|
|||||19,627|97|19,724|
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||||Activities|||
|---|---|---|---|---|---|
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2022f|2022f|2022|
|School|and|Nursery|2,632,113|804,404|3,436,517|
||||Activities|||
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2021|2021|2021|
||||F|F.||
|School|and|Nursery|2,348,508|732,493|3,081,001|
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|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022|2021|
|||||E||
|Staff costs||||1,931,339|1,844,963|
|Staff agency|fess|||119,745|59,980|
|Rent, rates and||insurance||109,890|93,762|
|Heat, light and water||||124,105|84,906|
|Books, printing,||stationery|and materials|189,502|124,184|
|Leased equipment||||330|1,097|
|Subscriptions||||39,488|51,967|
|Bad debts||||798|1,922|
|Depreciation|of|leasehold|premises|38,490|8,956|
|Depreciation|of|other assets||78,426|76,771|
|||||2,632,113|2,348,508|
|Analysis ofsupport costs||||
|---|---|---|---|
|||Total|Total|
|||funds|funds|
|||2022|2021|
|||6|6|
|Staff costs||224,099|244,253|
|Advertising
and staff recruitment||59,505|14,847|
|Services and advice||147,772|91,493|
|Food, household
expenses|and laundry|126,153|104,918|
|Upkeep ofgardens
and grounds||22,602|17,201|
|Postage and telephone||21,841|22,880|
|Legal and professional||1,357|3,335|
|Repairs and renewals||95,835|152,537|
|ICT maintenance
and support||24,487|27,571|
|Sundry expenses||66,150|40,487|
|Governance
costs||10,118|8,086|
|Depreciation
ofother assets||4,485|4,885|
|||804,404|732,493|
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|The net movement
in funds is|stated after charging:||||
|---|---|---|---|---|
||||2022|2021|
||||E|E|
|Fees payable to the charity's|auditor for ths audit ofthe annual|accounts|7,450|7,100|
|Other costs:|||||
|Operating
lease rentals - land|and buildings||65,529|61,480|
|Operating
lease rentals - ofgcs equipment|||1,097|1,097|
|Depreciation|||121,401|90,612|
##
|Staff costs||||
|---|---|---|---|
|||2022|2021|
|||E|E|
|Wages and salaries||1,767,972|1,728,097|
|Social security costs||161,812|148,060|
|Contributions|to pension schemes|225,654|213,059|
|Agency staff||119,745|59,980|
|||2,275,183|2,149,196|
|Ths avera|ge
|number ofpersons
employed
by the cha|rity during the year was as follows:||
|---|---|---|---|---|
||||2022|2021|
|Teaching|and|Nursery|51|54|
|Support|||15|13|
|Administration|||10|11|
||||76|78|
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||||Furniture,||
|---|---|---|---|---|
||Design|Other|fittings,||
||Technology|leasehold|tools and||
||Block
f|improvements|equipment|Totalf|
|Cost|||||
|At 1 September 2021|529,714|744,307|1,610,334|2,884,355|
|Additions||97,719|202,136|299,855|
|At 31 August 2022|529,714|842,026|1,812,470|3,184,210|
|Depreciation|||||
|At 1 September 2021|407,830|393,134|1,331,894|2,132,858|
|Charge for the year|4,627|33,863|82,911|121,401|
|At 31 August 2022|412,457|426,997|1,414,805|2,254,259|
|Net book value|||||
|At 31 August 2022|117,257|415,029|397,665|929,951|
|At 31 August 2021|121,884|351,173|278,440|751,497|
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|13.|Fixed asset|Investments|||
|---|---|---|---|---|
|||||Unlisted|
|||||Investments|
||Market valuation||||
||At 1 September 2021|||7,455|
||Revaluations|||(343)|
||At 31 August|2022||7,112|
|14.|Stocks||||
||||2022f|2021
6|
||Stock of uniforms stc.||24,406|20,508|
|15.|Debtors||||
||||2022
6|2021f|
||Fees receivable||86,064|59,916|
||Other debtors||7,222|5,295|
||Prspaymsnts|and accrued income|45,438|52,530|
||||138,724|117,741|
|16.|Current asset Investments||||
||||2022f|2021f|
||Short-term|deposits|1,153,198|250,756|
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||||||2022f|2021f|
|---|---|---|---|---|---|---|
|Payments
received||in|advance||303,312|233,692|
|Trade creditors|||||238,205|293,386|
|Deposits
held|||||69,000|56,400|
|Other taxatlon|and|social security|||43,779|41,083|
|Other creditors|||||43,776|66,902|
|Accruals and deferred|||income||56,078|7,952|
||||||754,150|699,415|
||||||2022f|2021
6|
|Resources deferred||during||the year|48,877||
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|Statement
offunds|||||||
|---|---|---|---|---|---|---|
|Statement offunds|- current year||||||
||Balance at 1|||||Balance at|
||September
2021f|Income
6|Expenditure
6|Transfers
In/(out)f|Gains/
(Losses)
f|31August
2022
5|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Michael Pratt|||||||
|Memorial|149,036|||(65,294)||83,742|
|Building and Site
Development|1,999,532|||300,468||2,300,000|
|Excursion Support
Fund|9,435||(1,025)|||8,410|
|Short-term|||||||
|Financial|||||||
|Hardship
Fund|96,638||(10,651)|||85,987|
|Fixed assets|751,497|||178,454||929,951|
||3,006,138||(11,676)|413,628||3,408,090|
|General funds|||||||
|General funds|1,120,200|3,664,124|(3,424,841)|(413,790)||945,693|
|Total|||||||
|Unrestricted|||||||
|funds|4,126,338|3,664,124|(3,436,517)|(162)||4,353,783|
|Restricted funds|||||||
|S Lloyd Music|9,763||||(343)|9,420|
|S Lloyd Awards|750|||||750|
|Member|||||||
|subscriptions||||162||162|
||10,513|||162|(343)|10,332|
|Total offunds|4,136,851|3,664,124|(3,436,517)||(343)|4,364,115|
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|Statement offunds|- prior year||||||
|---|---|---|---|---|---|---|
||Balance at|||||Balance at|
||1 September
2020f|Income
6|Expenditure
6|Transfers
in/(out)
f|Gains/
(Losses)
f|31August
2021
f|
|Unrestricted
funds|||||||
|Designated
funds|||||||
|Centenary
Appeal|50,301|||(50,301)|||
|Michael Pratt|||||||
|Memorial|207,469|||(58,433)||149,036|
|Building and Site
Development|2,500,000|||(500,468)||1,999,532|
|Excursion Support
Fund|9,435|||||9,435|
|Short-term
Financial|||||||
|Hardship
Fund|98,921||(18,271)|15,988||96,638|
|Fixed assets||||751,497||751,497|
||2,866,126||(18,271)|158,283||3,006,138|
|General funds|||||||
|General funds|919,763|3,421,450|(3,062,730)|(158,283)||1,120,200|
|Total Unrestricted|||||||
|funds|3,785,889|3,421,450|(3,081,001)|||4,126,338|
|Restricted funds|||||||
|S Lloyd Music|9,294|97||(750)|1,122|9,763|
|S Lloyd Awards||||750||750|
||9,294|97|||1,122|10,513|
|Total offunds|3,795,183|3,421,547|(3,081,001)||1,122|4,136,851|
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|Analysis|of net assets between funds
-cur|rent year|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|||6|6|6|
|Tangible|gixed assets|929,951||929,951|
|Fixed asset investments|||7,112|7,112|
|Current|assets|4,178,144|3,058|4,181,202|
|Creditors|dus within one year|(754,150)||(754,150)|
|Difference||(162)|162||
|Total||4,353,783|10,332|4,364,115|
##
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||Analysis of net asse|ts||between
|funds
- p|rior year||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted|Total|
||||||||funds|funds|funds|
||||||||2021f|2021
6|2021f|
||Tangible fixed assets||||||751,497||751,497|
||Fixed asset investments|||||||7,455|7,455|
||Current assets||||||4,074,256|3,058|4,077,314|
||Creditors dus within|one year|||||(699,415)||(699,415)|
||Total||||||4,126,338|10,513|4,136,851|
|20.|Reconciliation
of net||movement||In funds|to net cash flow from operating||activities||
|||||||||2022|2021f|
||Nst income for ths year|||(as per Statement||of Financial|Activities)|227,264|341,668|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||121,401|90,612|
||Loss/(gain)
on Investmsnts|||||||343|(1,122)|
||Interest and dividends||from investments|||||(8,143)|(19,724)|
||Decrease
in stocks|||||||(3,898)|2,494|
||(Increase)/decrsass|in||debtors||||(20,983)|(40,303)|
||Increase
in creditors|||||||54,735|299,052|
||Net cash provided|by||operating|activities|||370,719|672,677|
|21.|Analysis
ofcash and|||cash equivalents||||||
|||||||||2022|2021|
|||||||||F||
||Cash at bank and
in|hand||||||2,864,874|3,688,309|
||Short-term
deposits|||||||1,153,198|250,756|
||Total cash and cash||equivalents|||||4,018,072|3,939,065|
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|At 31 Aug
cancellable|ust
2022 the charity
had commitments
to make f
operating
leases as follows:|uture
minimum
lease payments|under
non-|
|---|---|---|---|
|||2022
f|2021
f|
|Not later than
1 year||62,000|62,000|
|Later than|1 year and not later than 5years|248,000|248,000|
|Later than|5years|23,775,148|23,837,148|
|||24,085,148|24,147,148|
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