2023-03-31-accounts

Trustees' report and	statement	oftrustees	responsibilities	1-6
Independent auditors'	report			7-9
Statement of financial	activities			10
Balance sheet
Cash flow statement				12
Notes to the financial	statements			13-26

	Note	Unrestricted	Restricted	Endowment	2023Total	2022 Total
					f	E
Income and endowments	from:
Charitable activities	4	9,605,824	109,284		9,715,108	8,325,143
Investment activities	3	12,241			12,241	1,192
Total income		9,618,065	109,284		9,727,349	8,326,335
Expenditure on".
Charitable activities:
Salaries	14	6,237,485			6,237,485	5,251,478
Establishment costs Education 5welfare	5 6	1,008,014 1,367,362	109,476		1,008,014 1,476,838	816,803 1,130,476
		8,612,861	109,476		8,722,337	7,198,757
Support and governance	costs:
Interest payable - pension		20,000			20,000	70,000
Depreciation		176,844	3,919		180,763	157,375
Professional fees		12,475			12,475	10,242
Clerk charges R subscriptions		25,902			25,902	13,868
Auditor remuneration		24,460			24,460	11,340
Actuary fees		2,292			2,292	426
Investment activities:
Investment management	fees	11,668			11,668
Total expenditure		8,886,502	113,395		8,999,897	7,462,008
Net income before
investment gains/(losses)		731,563	(4,111)		727,452	864,327
Net (losses)/gains on investments		(26,900)		(1,440)	(28,340)	7,347
Net income/(expenditure)	2	704,663	(4,111)	(1,440)	699,112	871,674
Transfers between funds
Actuarial gain/(loss) on defined
benefit pension scheme		1,020,000			1,020,000	2,770,000
Net movement in funds		1,724,663	(4,111)	(1,440)	1,719,112	3,641,674
Reconciliation offunds:
Total funds brought forward		6,632,436	193,895	718,884	7,545,215	3,903,541
Total funds carried forward	12	8,357,099	189,784	717,444	9,264,327	7,545,215

					as at 31	March 2023
					Note		2023f		2022
Fixed assets
Land 8.buildings Furniture 5equipment							6,075,545 78,559		5,271,858 66,719
Investments							1,001,862		344,530
							7,155,966		5,683,107
Current assets
Stocks						54,320		54,393
Debtors					10	202,931		288,276
Cash at bank and in hand						2,355,323		3,083,767
						2,612,574		3,426,436
Liabilities
Creditors falling due within one			year			(504,213)		(564,328)
Net current assets							2,108,361		2,862,108
Net assets before pension		liability					9,264,327		8,542,775
Defined benefit pension	scheme		liability		15				(1,000,000)
Total net assets							9,264,327		7,545,215
The funds ofthe charity:
Endowment funds							717,444		718,884
Restricted income funds							189,784		193,895
Unrestricted income funds:
Unrestricted funds							8,155,096		7,332,030
Pension reserve					15				(1,000,000)
School Improvement	Plan designated			fund			202,003		300,406
Totalcharity funds					12		9,264,327		7,545,215

STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
for the year ended 31March 2023
Reconciliation ofnet income/(expenditure)		to net	2023	2022
cash flow from operating activities
Net income for the year (as per the
statement offinancial activities)			699,112	871,674
Add back depreciation charge			180,763	157,375
Deduct interest income shown in investing	activities		(12,241)	(1,192)
Net losses/(gains) on investments			28,340	(7,347)
Decrease/(increase) in stocks			73	(419)
Decrease in debtors			85,345	812,296
(Decrease)/increase in creditors			(60,115)	202,564
FRS102 pension adjustment			20,000	140,000
Net cash provided by operating activities			941,277	2,174,951
Cash flows from investing activities:
Interest and dividends			12,241	1,192
Purchase of property, plant and equipment			(996,290)	(1,480,187)
Purchase of listed investments			(705,806)	(300,130)
Proceeds on sale of listed investments			20,134	18,927
Net cash used in investing activities			(1,669,721)	(1,760,198)
Change in cash and cash equivalents	in the year		(728,444)	414,753
Cash and cash equivalents brought forward			3,083,767	2,669,014
Cash and cash equivalents carried forward			2,355,323	3,083,767

2	Net income/(expenditure)	Net income/(expenditure)	Net income/(expenditure)	2023	2022
				E
	Net income/(expenditure)		is stated after charging:
	Depreciation oftangible		assets	180,763	157,375
	Operating	lease rentals		51,754	58,488
	Auditors	remuneration	- audit	7,500	4,600
			- other services	16,960	6,740
3	Investment income			2023	2022
	Interest	received		1,570	348
	Dividends			10,671	844
				12,241	1,192

						for the	for the	year ended 31March 2023
4	Income from	charitable				activities			2023	2022
	Fees: Standard								5,468,983	5,194,074
	: AddiTional			services					1,953,303	1,526,006
	:Off roll/off			site provisions					1,246,184	578,000
	: ESFA	funding			grant				574,909	488,871
	Other grants								421,171	485,650
	Other generated		income						50,558	52,542
									9,715,108	8,325,143
	Grants comprise		mainly		of ESFA		funding	towards education.
5	Establishment		costs						2023	2022f
	Cleaning								125,837	119,112
	Maintenance and		security						467,527	377,558
	Heat and light								120,195	90,224
	Water								25,778	23,497
	Insurance								95,581	73,790
	Office costs								126,754	96,312
	Professional fees								46,342	36,310
									1,008,014	816,803
6	Education and		Welfare Costs						2023	2022
									E
	Education costs								142,744	130,802
	ICT								107,994	76,832
	Catering								182,123	147,344
	Housekeeping	and		laundry					44,674	45,212
	Motor and travel								84,371	62,195
	Training								162,432	90,393
	Care								224,786	179,951
	Therapy									11,400
	Other								7,948	4,570
	School Improvement			Plan —designated				fund expenditure	410,290	297,997
	Other restricted	and designated					fund expenditure		109,476	83,780
									1,476,838	1,130,476

7	Tangible Fixed Assets
			Freehold
			Land L		Fixtures &
			Buildingsf	Computersf	Equipmentf	Totalf
	Cost
	1 April 2022		7,076,599	52,269	450,411	7,579,279
	Additions		959,100	4,973	32,217	996,290
	31 March 2023		8,035,699	57,242	482,628	8,575,569
	Depreciation
	1April 2022		1,804,741	52,269	383,692	2,240,702
	Charge for year		155,413	4,973	20,377	180,763
	31 March 2023		1,960,154	57,242	404,069	2,421,465
	Net BookValue
	31 March 2023		6,075,545		78,559	6,154,104
	31March 2022		5,271,858		66,719	5,338,577
8	Investments
	Movement in fixed asset	investments
					2023f	2022f
	Market value at 1 April 2022				344,530	55,979
	Additions at cost				705,806	300,131
	Disposals				(20,134)	(18,927)
	Net (losses) / gains on revaluations				(28,340)	7,347
	Market value at 31 March 2023				1,001,862	344,530
	Investments at market value comprised:
	Charities Official Investment	Fund			60,200	61,640
	Listed investments:
	Equities				554,575	176,447
	Fixed interest securities				163,161	30,100
	Alternatives				159,443	51,527
	Property				37,667	24,816
	Emerging markets				26,816
					1,001,862	344,530

9	Financial instruments	Financial instruments				2023	2022
						E	E
	Carrying amount of	financial		assets
	Debt instruments measured		at amortised		cost	181,906	251,653
	Carrying amount of	financial		liabilities
	Measured at amortised	cost				395,791	474,300
10	Debtors					2023f	2022
	Trade debtors					179,673	250,516
	Other debtors					2 233	1,137
	Pre payments					21,025	36,623
						202,931	288,276
11	Creditors: amounts	falling due within			one year	2023	2022
	Trade creditors					182,324	307,534
	Other taxes and social	security				108,422	90,028
	Other creditors					133,411	109,128
	Accruals and deferred	income				80,056	57,638
						504,213	564,328

		Unrestricted E	Restricted f	Endowment	Total
Brought	forward	6,632,436	193,895	718,884	7,545,215
Surplus for the year		751,563	(4,111)		747,452
Decrease	in valuations	(26,900)		(1,440)	(28,340)
Pension	movement	1,000,000			1,000,000
		8,357,099	189,784	717,444	9,264,327

Analysis of Net	Assets between	Funds
	2023	2023	2023	2022	2022	2022
	Unrestricted f	Restricted f	Endowment f	Unrestricted f	Restricted f	Endowment f
Fixed assets	5,385,224	111,636	657,244	4,565,777	115,556	657,244
Investments	941,661		60,200	282,890		61,640
Stock and debtors	257,251			342,669
Cash and bank	2,277,176	78,148		3,005,428	78,339
Creditors	(504,213)			(564,328)
Pension liability				(1,000,000)
	8,357,099	189,784	717,444	6,632,436	193,895	718,884

Expenditure	2023f	2022f
Staff costs
Wages and salaries	4,939,749	4,096,233
Social security costs	452,891	333,782
Pension costs (see note 15)	844,845	821,463
	6,237,485	5,251,478

14	Expenditure (Continued)
	Staff earning over f60,000				2023	2022
					Number	Number
	Employees with emoluments	falling	within the following	bands:
	E60,001to E70,000
	E70,001to E80,000
	E80,001to E90,000
	E100,001to E110,000

schemes.
			2023	2022f
Average	number	ofemployees:
Senior Leadership		Team	6	6
Teaching	Department		46	46
Care			26	25
Administration			13	13
Maintenance			8	7
Domestic			7	7
Education	Support	ISIP	80	66
Boothroyd	House		5	1
			191	171

						2023	2022
Contributions payable		by		the Foundation	for the employees:
Teachers	Pension					185,083	148,396
West Yorkshire Pension			Fund			568,322	605,939
Peoples	Pension					91,440	67,128
						844,845	821,463
Contributions outstanding				at the yearend:
Teachers	Pension					24,971	17,808
West Yorkshire Pension			Fund			51,090	47,511
Peoples	Pension					15,271	11,005
						91,332	76,324

						2023	2022
						Years	Years
Males
Member	aged	65	at	accounting	date	21.6	21.8
Member	aged	45	at	accounting	date	22.9	22.5
Females
Member	aged	65	at	accounting	date	24.6	24.6
Member	aged	45	at	accounting	date	25.7	25.7

The major categori	es of	assets in th	e scheme asapercentage ofto	tal plan assets are	asfollows:-
				2023	2022
				o/o	o/o
Equities				80.8	79.8
Corporate Bonds				4.6	4.8
Government Bonds				6.9	7.4
Property				3.3	4.0
Cash				2.3	2.9
Other				2.1	1.1
Analysis ofthe amount		recognised	in the SOFA:
				2023	2022
				E
Current service cost				570,000	610,000
Contributions already	paid	by the employer		(570,000)	(540,000)
Net interest charge				20,000	70,000
Actuarial gains/(losses)		on defined	benefit pension scheme
Asset (gains)/losses	arising	during the period		520,000	(1,260,000)
Liability (gains)/losses	arising during the period			(4,230,000)	(1,510,000)
Asset restriction				2,690,000
Movement in pension	scheme deficit			(1,000,000)	(2,630,000)
				2023	2022f
Actual return on assets:
Interest income on assets				330,000	220,000
Gains/(losses) on assets				(520,000)	1,260,000
				(190,000)	1,480,000

	Changes to the present value ofthe plan liabilities	2023 E	2022f
	Opening scheme liabilities	13,210,000	13,840,000
	Current service cost	570,000	610,000
	Interest expense	350,000	290,000
	Actuarial (gains)/losses on liabilities	(4,230,000)	(1,510,000)
	Contributions by the participants	100,000	90,000
	Net benefits paid out	(280,000)	(110,000)
	Closing scheme liabilities	9,720,000	13,210,000
	Changes tothe fair value ofthe plan assets:	2023	2022
		E
	Opening fair value ofassets	12,210,000	10,210,000
	Interest income	330,000	220,000
	Remeasurement (loss)/gain on assets	(520,000)	1,260,000
	Contributions by the employer	570,000	540,000
	Contributions by the participants	100,000	90,000
	Net benefits paid out	(280,000)	(110,000)
	Asset restriction	(2,690,000)
	Closing fair value ofassets	9,720,000	12,210,000
	Net scheme liabilities		1,000,000
16	Financial Commitments

At 31 March 2023 the charity was committed to m operating leases:-	aking the following payments under non	-cancellable
	Plant L	Machinery
	2023	2022f
Leases expiring in:—
& 1year	8,133
2-5 years	67,292	110,498

		Note	Unrestrictedf	Restricted f	Endowment	f	2022 Total
Income and endowments	from:
Charitable activities Investments		4 3	8,202,987 1,192	122,156			8,325,143 1,192
Total income			8,204,179	122,156			8,326,335
Expenditure on:
Charitable activities:
Salaries Establishment costs		14 5	5,251,478 816,803				5,251,478 816,803
Education S.welfare		6	1,046,696	83,780			1,130,476
			7,114,977	83,780			7,198,757
Support and governance	costs:
Interest payable - pension			70,000				70,000
Depreciation			153,456	3,919			157,375
Professional fees Clerk charges 5subscriptions			10,242 13,868				10,242 13,868
Auditor remuneration Actuary fees			11,340 426				11,340 426
Total expenditure			7,374,309	87,699			7,462,008
Net income before
investment gains/(losses)			829,870	34,457			864,327
Net gains/(losses) on investments			1,687		5,660		7,347
Net income/(expenditure)		2	831,557	34,457	5,660		871,674
Transfers between funds
Actuarial gain/(loss) on defined
benefit pension scheme			2,770,000				2,770,000
Net movement in funds			3,601,557	34,457	5,660		3,641,674
Reconciliation offunds:
Total funds brought forward			3,030,879	159,438	713,224		3,903,541
Total funds carried forward		12	6,632,436	193,895	718,884		7,545,215