REGISTERED CHARITY NUMBER. 103712 Report of the Trustees and Unaudited Flnancial Ststements for the Year Ended 31 August 2022 for HOLYWOOD STEINER SCHOOL LIMITED M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 L15burn Road Belfast Co. Antrim BT9 6GH
Contents of the Financial Statements FOR THE YEAR ENDED 31 AUGusf 2022 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activittes Balance Sheet 9 to 10 Notes to the Financial Statements 11 to 18 Detailed Statement of Ffinancial Activities 19 to 20
Report of the Trustees FOR THE YEAR ENDED 31 AUGusf 2022 'I'he trustees wlio are 21so directors of the charity for the purp05e5 Qf the Conipanies Art 2006, present tlieii. report with the financial statements of the charity for the yeai" ended 31 August 2022. The trustees have adopted the provisions of Accounting and Reporting by Charittes: Statement of Recommended Practice applicable to charRties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UIC 2nd Republic of li-eland [FRS 102) (effective I January 2019). OBIECTIVES AND ACTIVITIES Objectives and aims To advance the education of children based on Steiner Waldorf principles, philosophy, curriculum and teachillg approacli that place emphasis on the development of the whole chil(L including a child's spiriLual, physical and emotional wellbeing and social development, as well as her/liis academic progress by the provÉsion of a scliool foi- children from prescliool age to 17 years living in Northern Ireland and by any other charitable means as the directors shall consider appropriate. Within tl)ese objectives, the school strives to provide an exceptional education using the Steiner I Waldorf curriculum ftlr children from 2 years and ten months to 14 year5 of age. For childreD between 14 and 17 years of age, the school strives to provide an exceptional education incorporating aspects of both the Steiner curriculu and the curriculum 2s defined by the Departnient of Education in Northern Ireland. It is intended to provide an envlrontnent whei'e each student can develop and fulfill his or her individual potential and at the same time contribute to the whole cornTnunity. The Trustees have paid due regard to guidan issued by the Charity Commission in deciding what activities the charity should undertAke. The objective for the school during the year was to continve to provide a quality SteiDer/WaldorF edlication in the Early Years and Lower School and to provide a quality education balanced between a Steiner Curriculum and the National Curriculum in the Upper Schi)ol. An additional objertive was to develop further the school's sts-ategic plan and to continue to increase the nuniber of students enrolled while maiiitaining an enviroiiment conducive to delivering a quality Steiner education. Increasing tl)e school's enrolment ha5 generated much needed additional income. ensuring financial viability and sustainability. The capacity for growth is also recognised as key to increasing salaries for teachers. Another strand to the Board oFTrustees' Strategic objectives for this year has been to continue an ongoiRig review ol governance and management within the school, with specific objectives of streamlining day-to-day managernont and decision making within the School. improving maiiagement responsibilities aci'oss mandated or remit Eroups within the teaching strdff, and formaliSiDg inductton and ongoing training ft)r Trustees within the Board The recruitment ol a Head teacher last year and the ongoing deliveiy of this key role ha5 ensured day to day operations have returned to the care of the school leadership and admin teaTD. The Board of TLilStees ha5 since turned its attention to a more strateEÉC overview of the school, its developn)entand its current needs.
HOLYW Report of the Trnstees FOR THEYEAR ENDED 31 AUGUST 2022 OBJECTIVIS AND ACTIVITIES SiER]ificant activities 'rhis year pupil nuinbers continued to increase. In total during this period the school's enrolment was 127 Students. Tlie school provided education for 17 students in the kindergarten programme For Lliildren from 4 to 6 years of age and in the Lower School there were 59 children from the age of 6 to 14 in Classes I through 7. Classes 8 thi-ough 11 [the Upper School) had 51 students between the ages of 13 2nd 17. The school is yet to reach capacity and is actively promoting itself and seeking new students. not only to improve the income to the school. but also to enhance of the pedagogic environment conduave to Steiner/Waldorfeducation. Walk tlirough opporlunities and a one-to-one with the head teacher continue to be key in the promotion of our school and it5 offer. In addition. group walkthrough morning5 were scheduled and publicised across the coniniunity and on digital channels such as the school website, with con5idernble interest and attendance noted. The traditional community facing events returned to the calendar this year with the re-introduction of the Easter Fayre atkd the return of the Christrnas Fayre. Both events helped raise vital funds for the school as well as providing an opportunity to raising our profile within the community. The Board of Trustees revised and updated 'Strategy 2025. to refleci the changinE environment and continue to work toward5 the siiccessful delivery of the development plan for the school that identifies strategic direction, ambitions and opportunities for growth with a set of actions required to achieve these. During thi5 reporting period the school appointed a tkew Kindergarten Teacher. an Upper School English Teacher, a Class One Teacher. an Upper School Art Teacher (maternity cover), a Music Teacher (maternity cover) and a Learning Support Assistant. All of these appointments conimenced in August 2022. Our Kindergarten Teacher and Class Seven Teacher left the school in June 2022. Volunteers The school depends heavily on volunteers and on volullteer artivity for a significant amount of the work particulai-ly in areas such as fund-raisin& public relations (PR]. and development The school also relie5 on volunteers to a large extent in areas such a5 grounds keeping and maintenance. After a period of litnited activity, the PFA was reconstituted and made a succe55ful applicatlon to the Charities Commission for charitable status. ACHIEVEMENT AND PERFORMANCE AchieVeentS and performance The Preschool group unit numbers decreased slightly tliis year from 2020/21 to 12 pupils, and efforts are being planned to reignite growth. Class tèachers in the Holywood Steiner School optiTnally stay with 2 class from Cla55 1 to Class 7. Teachei- recruitment, retention and on-going teacher development and support are important factors. This yeai". despite continuing to have extrevnely low salaries, retention of staff was IOOO/o. Despite the interruption to the delivery of the ciirriculum due to Covid 19 restrictkons student nunibers continued to inci-ea5e. In the Upper School, the GCSE results. were positive, as IT] previous years and plans are being put in place to increase the subject offer.
HOL Report ofthe Trustees FOR THf YEAR ENDED 31 AUGUST 2022 FINANCIAL REVIEW Financial revtew The Directors Report a defLCit of £55,640 thi5 year. with an income of £489,563 and expenditure of £545,203. Compared with last year, income is up by £96,436 and expenditure appears to have increased by £91,328. Bank accounts have a credit balance of £126,040. The greatest i'isks the school cunEntly faces is the adequate maintenance of our physical envilnment aiid developnient of our facilities as well as managenient, trainin& continuing professional development and adequate remuneration of teachers and other school employees. A small pay rise was given to teachers beginning in June 2022 however the ambition to provlde appropriate salaries rernains. The Board of Trustees is responsible for the management of risks laced by the School. Detailed considerations of rislc are delegated to the teams established to deal with each of these areas. Risks are idetltified alld assessed and controls established throughout the year. Key controls used by the charity include- l) Formal agendas for all Board activlty; 2) Detailed goals. objectives and tasks for all School Teams- 3) Comprehensive strategic planning budgeting and Jnanagement accountinE,' 4) formal written policies; 5) vetting and child protection proureS as required by law for the protectiOT] of the student5. Through the risk management prOCee5 established for the School, the Board of Trustees is satisfied that the major risks identified have now been adequately mitigated where necessary. It is recognised that Systems can only provide reasonable but not absolute assurance that niajor risks have been adequately managed, The Board of Trustees of tho School continues to work closely with the Head Teacher to update iisk a55es5ment processe5 and review ai'eas of major risk within the School. Reserves policy The cl)arity had unrestricted reseeS 01 £125,62S at the year end. The Board of Trustees recognises the desirability of increasing reserves whkch is dependent on increasing the enrolment of pupils, greater grant fuiid5 and other fund-raising activitie& FUTURE PLANS The school continues to face SOTne challenge5 common to a school of its size in tern)s of delivering a broad range of subjects in tlie uppei- school, however the Board are comforted by progitss that has been made to date and by the high standard of delivery by teaching staff. The Board of Trustee5 recogni5e5 that the school is now opei?ting in a social, economic and legislative environment that requires regular proactive review of the way it operates, as well a5 E"igorous manaEeJnent struciures to support efficient and effective management 2nd governance. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is contt'olled by its governing docLtrnenL a deed of trnsL and constitutes a limited company, limited by guaTantee, as defined by the Companies Act 2006. Recruitment and appointment of new trustees Call out for Board membership is made via a number of channels includinE the school website and adverti51Dg on voluiitary and charity sector websites. New metnbers to the Board of Trustees are formally i"ecruited and are appointed, as per the Article5 of Association. Trusteeship is ratified at the ATJnual General Meeting. New ti'ustees receive the relevant documents including inlortnation about the role OF administration at a Steiner Waldorf school. A skÉlls assessment of the Board 15 carried out on an annual basis. More formal trainÈng is also vlanned on an annual basÉs with the Steiner WaldorfFellowship and NICV
Report of the Trustees FOR THEYEAR ENDED 31 AUGUST 2022 STRUCTURI, GOVERNANCE AND MANAGEMENT Decision malilng The Board of Trustees, as Trustees ol the Holywood Steiner School Limited, are i-e5ponsible foi- the overall lega and fiDancial management of the schooL 'fiie full Board of Trustee5 rneet once a niontli throughout the yeai., the sub committees (det2iled below) also meet Tnonthly and present recommendation to the fllll Board of Trustees. All Trustees, the Development Manager and the headteacher are a150 Ènvited to participate in a strategic development workshop once eacli quarter. The work oEimplementin8 policies is carried out by both teaching and non-teacliing teanis, aT]d the HR Sub Committee which have been instituted by the Board of Trustees. The Board of Trustees has designated the following sub committees: HR Sub Committee- overseeing policies, recruitment and compliance. Development Sub Committee overseeing the development of the school (physical grollnds 2nd maintenance, charitable and educational). Finance Sub Committee- overseeing the income and expendIre. 'rhe day to day running of the School was delegated to the Headte2clier, adniin staff and teaching rep5, a body of experienced Teachers who have responsibility for the pedagogical life ofdie school. Wider network 'rhe school is a member of NICVA (Nortliern ITeland Council for Voluntary Action), since January 2008 and as a member it can avail of advice and services. The school 15 a meniber of the Steiner Waldoi'f Schools Fiellowshtp which provides advice, training and a link to other UK and Irish Steiner schools. The Holywood Steiner School was founded in 1975 to provide a Steiner/Waldorf education in Northern Ireland. The Holywood Steiner School Limited is a company limited by guarantee founded in 1977 and is registered as a charitable company with tl)e HM Revenue & Customs and the Charity Commission ft>r Northern Ireland. Its registered olfice and main business address is 34 Croft Road, Holywood. Co Down. BT18 OPR. The structure of the Charity during 2021/22 consisted of the Board of Trustees who managed the business of the Association. The Headteacher who managed the school with assistan from the administration team and Early Years. Lower School and Upper Scliool Teaching reps. REFERENCE AND ADMINISTRATIVE DETAIIS Registered Company number N1012003 (Northern Ireland} Registered Charity number 103712 Registered office 34 Croft Road Holywood Co. Dowrt BT18 OPR
Report of the Trustees FOR THE YEAR ENDID 31 AUGUST 2022 Trustees Ms Estlier14aller Clai-ke Director Ms Caroline Mary Ball Project Manager Prof John Bai'ry Academic (resigned 1/2/2022) Mr Garret O'Fachtna Trade Union Coordinator Mr Paul McTernan Town Planner Mr Gerry Warwick Accountant Ms Sinead Black Designer Mr Gareth Dalzell Company Director Mrs Mary Rou15ton Retired Teacher Ms Sarah Dalzell Company Director (appointed 1/10/2021) (resigned 19/5/2022) Jenny Holland Company Director (appointed 3/2/2022) Company Secretary Ms Stephanie Jone5 Independent Examiner M.B.McGrady& Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim I'9 6GH Bankers Bank of Ireland l Doneg211 Square South Belfast BTI 5LR Approved by ol'der of the board of trustees on 16 May 2023 and signed on its belialf by.. M5 Caroline Mary Ball- Trustee
Indepen ent xaminer s epor Holywood Steiner School Limited eeso I report on the accounts of the company for the year ended 31 August 2022. which are set out on pages eight to eighteen. Respective responsibilities of charity trustees and examiner As the charity's trustees {and also the directors for the purposes of company law] you are responsible for the preparation of the accounts in accordance with the requirernents of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination. it is my responsibility to: examine the accounts under Section 65 of the Charities Act follow the procedure5 laid down in the general Directions given by the Charity Commission for Northern Ireland undersection 65(9)(b] of the Charities Act state whether parttcular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounLS as required under Sectlon 65 of the Clicll"iLi¥5 ALL aiid niy examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9J(b) of the Charities ACL The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It a150 included consideration of any unusual items or disclosures in the accounts, and seeking explanation5 from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me c3use to believe: That accounting records were not kept in accordan with Section 386 of the Companies Art 2006 That the accounts do notaccord with those accounting records That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities Ststement of Recommended Practice applicable to charities preparing their accounts in accordantt with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is further inforn)ation needed for a proper understanding of the accounts to be reached. Independent examiner's slatement Since your charity's gr055 income exceeded £250.000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in Ireland whlch is one uf iliv lisied bodie& I have completed my examination and have no concerns in respert of the matters [1] to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Irelan& I have found no matters that require drawing to yourattention. Conaill McGrady M.B.McGrady&Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH
In epen ent aminer s epo Holywood Steiner Sdiool Limited rus eeso 16 May 2023
Staten)ent of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2022 3118122 Total funds 3118/21 Total funds Unrestricted Restricted funds tund Notes INCOMEAND ENDOWMENTS FROM Donations and legacie5 2.605 2,605 10.235 Charitable attivities Charitable Activities 455,260 5,429 460,689 365,612 Other trading activities Investment income 26,006 263 26,006 263 17,238 Total 484,134 5,429 489,563 393,127 EXPENDITURE ON CharitabIe artivities Charitable Activities 537.292 7.911 545,203 453,875 NET INCOME/(EXPENDITURE) Transfers between funds (53,158) 2.279 (2,482) (2,279) (55,640) (60,748) 15 Net movement IJJ funds (50,879) (4,761) [55,640) (60.748) RECONCILIATION OF FUNDS Total tunds bmught forward 176,504 254.928 431,432 492.180 TOTAL FUNDS CARRIED FORWARD 125,625 250,167 375,792 431,432 The notes foi"m part of these financial statemeiits
HOL Balance Sheet 31 AUGUST 2022 3118]22 31/8121 Notes FIXED ASSErs Tangible 2ssets Investments 477,283 4,469 471.227 6,550 481,752 477,777 CURRENT ASSETS Debtors Cash atbankand in hand io 24.754 126,040 22,944 180,913 150,794 203,857 CREDETORS Amounts falling due within one year li (107,556) (88,379) NET CURRENT ASSETS 43,238 115.478 TOTAL ASSETS LESS CURRENT LIABILITIES 524,990 593.255 CREDITORS Amounts falling due after more than one year 12 (59,000) [64.165) PENSION LIABILITY 16 (90.198} [97.658) NET ASSETS 375,792 431,432 FUNDS Uni"estricted funds: Genei-al fund Designated Funds 15 215,823 (90,198) 281,381 (104,877) 125,625 176,504 Re5trietod ft]nds: Restricted fund 250,167 254,928 TOTAL FUNDS 375,792 431,432 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 For the year ended 31 August ZOZZ, I'he members have not required the company to Dbtain an audit of its financial statrements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006. The notes foiTh part ofthese financial staten)ents contiiiued...
HOLYWOOD STEI Balaiice Sheet- continued 31 AUGUST2022 'rhe trustees acknowledge their responsibilities for (a) ensui.ing that the charitable company keeps accounting records tliat comply wkth Sections 386 and 387 of the Companies Act 2006and pi"eparing fiiiancial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with tlie requirenients of the Companies Act 2006 relating to financial statements. so fai- as applicable to the charitable company. (bl These financial statements have been prepared in accordance with the provisions applicable to cliaritable companies subjectto the small companies regime. I'he financial statements were appi.oved by the Board of Trustees and authorised for issue on 16 May 2023 and were signed on its behalFby: Ms Caroline Mary Ball- Trustee The notes form part ofthese financial statements io
HO Note5 to the llanCIal Statements roR THEYEARENDED 31 AUGUST 2022 ACCOUNTING POLICIES Basis of prepaiing the financial statements The fiiiancial statements of ihe charitablE company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitie5 SORP (fRS 102) 'Accounting and Reporling by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordaiice with the Financial Repoi-ting Standai-d applicable in the UK and Republic of Ireland (fRS 102) (etrective I January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statenients have been pi-epared under the historhcal c05t convention. with the exception of investments whÈch are included at market value. FSnancÈal reporting standard 102 - reduced disclosure exemptions I'he charitable company l)as taken advantage of the following disclosure exemptions in preparing these financial statements. as permitted by FRS 102 'The Financial Reporttng Standard applicable in the UK and Republic of Ireland,; the Tequirements of Section 7 Ststement of Cash Flows: the requirernent of paragraph 3.17(d)' the requirements of paragraphs 11.42. 11,44, 11.45, 11.47. 11.48(2)(iii). 11.48[a)[iv), 11.48(b) and 11.48(cJ- the requirenients ofparagraph5 12.26. 12.27, 12.29(a), 12.29(b) and 12.29A: the requirementofparagraph 33.7. Income All income is recognised in the St2tement of Financial Artivities once the charity has entitlenient to the fitnds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is 2 legal or constructive obligation comTnitting tlie charity to that expenditure, it is probable that 2 transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrua15 basis and ha5 been classified under headings that aggregate all c05t related to the category. Wliere osts cannot be dirertly attributed to particular headiTh8s they have been allocated to artivities on a basis COnSi5teDt WLth the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off eacl) asset over its estimated Liseful life. Freehold pi"operty Fixtures and fitttngs Computer equipnient 20/0 on cost IOU/0 on cost IOOh on cost Taxation The charity is exetnpt from corporation tax on its charitable actÈvitie& Fund accounting Unrestricted funds can be used iii accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used lor particular restricLed purposes within the objects of the cliarity- Restrictions arise when specified by the donor oi. wlien funds are raÈsed for particular restricted purposes. Fui'ther explai)ation of the n2tui'e and purpose of each fuiid is iiicluded in die notes to the fiiiancial statements. li continued,.,
Notes to the Financial Statements- continued FOR THE YEAR ENDED 31 AUGUST 2022 ACCOUNTING POLICIES- contiiiued Pension costs and other post-retirement benefits The charitable compaiiy operates a defined contribution pension scheme. Conti-ibutions payable to the charitable company's pension .schÈme are charged to the Statement of Financial ActÉvities in the period to which they relate. OTHER TRADING AcfiviTIES 3118/ZZ 31/8/21 Playgroup Income Guest sthdent Choir Income Afterschool club income Parent and child group 17,100 7,436 33 850 587 17,238 26,006 17,238 INVESTMENT INCOME 31/8122 3118/21 Interest Receivable 263 42 NET INCOMEI{EXPENDITURE) Net income/(expendÉture] is stated atter charging/(ci-editing): 31/8122 31/8/21 DepYeciation- owned assets 20,871 18.933 TRUSTEES. REMUNERATION AND BENEFITS Tliere were no trustees, remunei"ation or other benefits for the yeai. ended 31 August 2022 nor for the year ended 31 Aiigust 2021. Trustees, expenses There were no trnstees, expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021. 12 continued..-
Notes to the Financial Statement5- continued FOR THE YEAR ENDED 31 AUGugf 2022 STAFF COS15 The avei-age monthly number of eniployees during the year was as follows.. 3118/22 19 3118/21 17 Teaching staff Non-teaching staff 24 21 No employees received eTnolutnents in eXs5 of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted Restricted (unds (und Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 511 9.724 10.235 Charitable activities Charitable Activities 355,666 9,946 365,612 Other trading activities Investment income 17,238 42 17,238 42 Total 373,457 19,670 393,127 EXPENDITURE ON CharitabIe activities Charitable Activities 448,811 5,064 453.875 NET INCOME/(EXPENDITUREJ (75,354) 14,606 (60,748) RECONCILIATION OF FUNDS Total funds bn)ugbt lorwanl 251.858 240,322 492,180 TOTAL FUNDS CARRIED FORWARD 176.S04 254,928 431,432 13 continued...
HOLYWOOD STEINER SCHOOL Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 AUGusf 2022 TANGIBLE FIXED ASSETS Improvements Fixtures to and property fittings Freehold property Computer equipment Totals COST At I Septctnber 2021 Addition5 722,412 97,092 2,989 14,856 499 834,360 26,928 23,440 At 31 August 2022 722,412 23,440 100.081 15,355 861,288 DEPRECIATION At I Sept@niber 2021 Charge for year 297,644 14,448 59,941 4,618 5,549 1,512 363,134 20.871 293 At31 August2022 312,092 293 64,559 7,061 384.oog NET BOOKVALUE At 31 Allgiist2022 410,320 Z3,147 35,522 8,294 477,283 At 31 August 2021 424.768 37,151 9.307 471.226 FIXED ASSEf INVESTMENTS Unlisted investments MARKET VALUE At I September 2021 Movement inyear 6.550 (2,081) At31 August2022 4,469 NET BOOK VALUE At 31 August 2022 4,469 At31 August 2021 6,550 Thei"e were no investment assets outside the UK. 14 ontinued.-.
HOLYWOOD STEINERSCHOOL LIMITED Notes to the fiinancial Statements- continued FOR THE YEAR ENDED 31 AUGUST 2022 io. DEBTORS. AMOUNTS FALLING DUE WITHIN ONE YEAR 3118122 31/8121 Trade debtors Otherdebtors Pi'epayments 21,566 367 2,821 9,479 3,511 9,954 24,754 22.944 ii. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3118/22 3118121 Other loans (see note 13) Trade creditors Social security and other taxes Other creditors Accruals and defei'red income 5,165 11,423 10.887 73,898 6,183 17,684 6,268 61,691 2.736 107,556 88,379 12. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31/8/22 3118121 Other loans (see note 13) 59,000 64,165 13. LOANS An analysis of the maturity of loans is given below.. 3118122 3118121 Amounts falling due within one year on demand: Other loans 5,165 Amounts falling between one and two years: Other loans - 1-2 years 59,000 64,165 15 continued...
Notes to the Financial Statements- continued FOR THE YEAR ENDED 31 AUGUST 2022 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31/8122 Total funds 3118121 Total funds Unrestricted Restricted funds fund Fixed assets Investn]ents Cui-rent assets Current liabilities LA)ng teTtll liabilities Pension liability 227,116 4,469 150.794 (107.556) (59,000) (90.198) 250.167 477.283 4,469 150,794 (107,556) (59,000) {90,198) 471,227 6,550 203,857 (88,379) (64,165) (97,658) 125,625 250,167 375,792 431,432 15. MOVEMENTIN FUNDS Net movement in fund5 Transfers between funds At 31/8122 At 119/21 Unrestricted funds General fund Designated funds 281,381 (104,877) (67037) 14,679 2,279 215,823 (90,198} 176.504 (53,158) 2,279 125,625 Restricted funds Restricted nd 254,928 (2,482] (2,279) 250,167 TOTAL FUNDS 431,432 (55,640) 375,792 Net movement in funds, included in the above are as lollows: Incoming resources Resources expended Movement in fund5 Unrestricted funds General fund Deskgnated funds 484,134 (S51,971) 14,679 (67.837) 14,679 484,134 (537,292) (53,158) Restricted funds Restricted fund 5,429 (7.911) (2A8Z) TOTAL FUNDS 489,563 [545.203) (55,640} 16 continued...
Notes to the Fiiiancial Statements- continued FOR THE YEAR ENDED 31 AUGUST 2022 15. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 31/8/21 At 1/9120 Unrestricted funds General fund Designated funds 356.735 (104.877) (75.354) 281,381 (104,877) 251.B58 [75,354) 176,504 Restricted funds Restricted fund 240.322 14,606 254.928 TOTAL FUNDS 492,180 [60,748) 431,432 Cornparative netmovement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 373,457 {448,811) (75,354) Restricted fund5 Restricted fund 19.670 (5,064) 14,606 TOTAL FUNDS 393.127 [453,875) (60,748) A currentyear IZ months and prioi'year 12 month5 combined position is as follows- Net movement in funds Transfers between funds At 3118122 At 119120 UnrestrÉcted funds General fund Designated funds 356,735 (104.877) [143,191) 14.679 2,279 215,823 (90,198) 251.858 (128.512) 2,279 125,625 Restricted funds Restricted fund 240,322 12.IZ4 (2.279) 250,167 TOTAL FUNDS 492.180 (116,388) 375,792 17 contiiiued...
Notes to the Flnancial Statements- continued FOR THEYEARENDED 31 AUGUST2022 15. MOVEMINT IN FUNDS- continued A current year 12 month5 and prior year 12 month5 combined net movement in fitnds. iiicluded in the above are a5 follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fvnd Designated fund5 857,591 (1.000,782) 14,679 (143,191) 14,679 857,591 (986,103) (128,512) Restrlcted funds Restricted fund 25,099 (12,975) 12,124 TOTAL FUNDS 882,690 [999,078) (116,38B) 16. EMPLOYEE BENEFIT OBLIGATIONS A full artuarial valuatton has not been rarried out as at 31 August 2022. However based on an estirnated funding position provided by the pension scheme, the tru51ees are confident that the pension liability included in the finaiicial statements is reasonable. PaynientS to defined contribution retirement benefit schemes are charged as an expeiise as they fall due. The cost of providing benefits under defined benefit plans is determined separately and is based on actuari21 c31culations. The change in the net defined benefit liability arisÈng from employee service during the year is recognised 35 an employee cosL The cost of plan introduction5. benefit change5. Settlements and curtailments are recognised as incurred. 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2022, 18
Detailed Statement of FAnancial Activities FOR THE YEAR ENDED 31AUGUST 2022 31/8122 31/8121 INCOME AND ENDOWMENTS Donations and legacies Donations and Gifts 2,605 10.235 other trading activities Playgroup Income Guest Student Choir Income Afterschool club incolne Parent and child group 17,100 7,436 33 850 587 17,236 Z6,006 17,238 Investment incotne Interest Receivable 263 42 Charitable activities Parental Contributions Grants Other Income 452,518 6,729 1,442 306,805 19,670 39,137 460,689 365,612 Total Incoming resources 489,563 393,127 EXPENDITURE Charitable activities StaffC05ts Social security l)en.sions Eqiiipment Rental Education Supplies Steiiier School Fellowship Examination Expenses Staff Ti-avel and Training Bad Debt Increase in Bad Debt Provision Supply Teachers Other Direct Expenses Grant expenditure Event expenses Depreciation and Impairnients 373,996 22,643 10.553 3,606 17,968 1,750 1,989 317,773 22.372 9.221 4.953 4,765 1.235 770 181 4.746 1.477 220 4,450 232 1,109 41 20,872 25 19,086 462,657 386,825 This page does iiot forn) part of the statutory financial statements 19
Det2iled Statement of Financial Activities FOR THE YEAR ENDED 31 AUGUST 2022 31/8122 31/8/21 Support costs Management Rates and water Insurance Lightand heat 'relephone aT]d Internet Other Office Costs Advertising Coniputer and Website Costs 607 13,858 20,324 3,997 4,541 2,919 3,090 542 11,692 7,981 3,589 4,151 4,801 1,799 49,336 34,555 Finance Legal and Professional Fees Sundries Bank charge5 13,735 1,594 1,170 14,895 524 999 16,499 16,418 InforEnation technology Repairs and maintenance 13,010 14.277 Human resources Movement on investments 2,081 Govei'nance costs Accountancy fees 1,620 1,800 Total re50urce5 expended 545,203 453,875 Net expenditure [55,640) [60,748) This page does not ftirm partof the statutory financial statements 20