THE WESLEY TRUST

Company limited by guarantee

Company Registration Number:
10471944 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2021

Period of accounts

Start date: 1 September 2020

End date: 31 August 2021

THE WESLEY TRUST

Contents of the Financial Statements

for the Period Ended 31 August 2021

Directors report
Balance sheet
Additional notes
Balance sheet notes

THE WESLEY TRUST

Directors' report period ended 31 August 2021

The directors present their report with the financial statements of the company for the period ended 31 August 2021

Principal activities of the company

Primary Education

Political and charitable donations

The income from donations and capital grants was £nil (2020: £511k) of which £nil was unrestricted (2020: £nil), £nil restricted (2020: £0k) and £nil restricted fixed assets (2020: £511k).



Directors

The directors shown below have held office during the whole of the period from
1 September 2020 to 31 August 2021

Thomas Harland Cadman
Tony Harris
David Kershaw
Stephen Myers
John Martin Weaving


The directors shown below have held office during the period of
1 September 2020 to 1 May 2021

Elizabeth Elaine Cleland
Barbara Easton
Richard Daniel James
Meg Prowting
Heather Wheelhouse


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 August 2022

And signed on behalf of the board by:
Name: David Kershaw
Status: Director

THE WESLEY TRUST

Balance sheet

As at 31 August 2021

Notes 2021 2020


£

£
Fixed assets
Intangible assets: 3 0 3
Tangible assets: 4 0 11,571
Investments:   0 0
Total fixed assets: 0 11,574
Current assets
Stocks:   0 0
Debtors: 5 0 531
Cash at bank and in hand: 0 703
Investments:   0 0
Total current assets: 0 1,234
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 6 0 ( 405 )
Net current assets (liabilities): 0 829
Total assets less current liabilities: 0 12,403
Creditors: amounts falling due after more than one year: 7 0 ( 2,345 )
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 0 10,058
Members' funds
Profit and loss account: 0 10,058
Total members' funds: 0 10,058

The notes form part of these financial statements

THE WESLEY TRUST

Balance sheet statements

For the year ending 31 August 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 25 August 2022
and signed on behalf of the board by:

Name: David Kershaw
Status: Director

The notes form part of these financial statements

THE WESLEY TRUST

Notes to the Financial Statements

for the Period Ended 31 August 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Assets costing £1,000 or more are capitalised as tangible fixed assets and are carried at cost, net of depreciation and any provision for impairment. Where tangible fixed assets have been acquired with the aid of specific grants, either from the government or from the private sector, they are included in the Balance Sheet at cost and depreciated over their expected useful economic life. Where there are specific conditions attached to the funding requiring the continued use of the asset, the related grants are credited to a restricted fixed asset fund in the Statement of Financial Activities and carried forward in the Balance Sheet. Depreciation on the relevant assets is charged directly to the restricted fixed asset fund in the Statement of Financial Activities. Where tangible fixed assets have been acquired with unrestricted funds, depreciation on such assets is charged to the unrestricted fund.Depreciation is provided on all tangible fixed assets other than freehold land, at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life, as follows: Long leasehold buildings 50 years Long leasehold land over the length of the lease Leashold improvements 50 years Fixtures, fittings and equipment 5 years ICT hardware 3 years Assets in the course of construction are included at cost. Depreciation on these assets is not charged until they are brought into use.

    Intangible fixed assets amortisation policy

    Intangible assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Intangible assets are initially recognised at cost and are subsequently measured at cost net of amortisation and any provision for impairment. Amortisation is provided on intangible fixed assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life, as follows: Purchased computer software over the length of the software licence

THE WESLEY TRUST

Notes to the Financial Statements

for the Period Ended 31 August 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 144 141

THE WESLEY TRUST

Notes to the Financial Statements

for the Period Ended 31 August 2021

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 September 2020 11 11
Additions 0 0
Disposals ( 3 ) ( 3 )
Revaluations 0 0
Transfers 0 0
At 31 August 2021 8 8
Amortisation
At 1 September 2020 8 8
Charge for year 0 0
On disposals 0 0
Other adjustments 0 0
At 31 August 2021 8 8
Net book value
At 31 August 2021 0 0
At 31 August 2020 3 3

THE WESLEY TRUST

Notes to the Financial Statements

for the Period Ended 31 August 2021

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2020 11,876 45 22 11,943
Additions 78 17 95
Disposals
Revaluations
Transfers 11,569 32 27 11,628
At 31 August 2021 385 13 12 410
Depreciation
At 1 September 2020 350 11 11 372
Charge for year 35 2 1 38
On disposals
Other adjustments
At 31 August 2021 385 13 12 410
Net book value
At 31 August 2021 0 0 0 0
At 31 August 2020 11,526 34 11 11,571

THE WESLEY TRUST

Notes to the Financial Statements

for the Period Ended 31 August 2021

5. Debtors

2021 2020
£ £
Trade debtors 0 0
Prepayments and accrued income 0 487
Other debtors 44
Total 0 531
Debtors due after more than one year: 0 0

THE WESLEY TRUST

Notes to the Financial Statements

for the Period Ended 31 August 2021

6. Creditors: amounts falling due within one year note

2021 2020
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 149
Taxation and social security 0 59
Accruals and deferred income 0 128
Other creditors 0 69
Total 0 405

THE WESLEY TRUST

Notes to the Financial Statements

for the Period Ended 31 August 2021

7. Creditors: amounts falling due after more than one year note

2021 2020
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 2,345
Total 0 2,345