ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
Charity registration number 1037597
Company registration number 02772962 (England and Wales)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
P Strong
E Tate
S Ostrowski
E Coxhead
C Matthews
R Thevathason
A Taylor
The Headmaster and Bursar (Chief Executive Officer)
R Goody
Charity number
1037597
Company number
02772962
Registered office
St Winefride's School
Belmont
Shrewsbury
Shropshire
SY1 1TE
Independent examiner
Dyke Yaxley Limited
1 Brassey Road
Old Potts Way
Shrewsbury
Shropshire
SY3 7FA
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Statement of cash flows
6
Notes to the financial statements
7 - 16
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2023
- 1 -

The trustees present their annual report and financial statements for the year ended 31 August 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The object as set out in the Memorandum, which is the governing document, is the running of an independent school.

 

In accordance with the Memorandum, the School is a day school and kindergarten for pupils up to the age of eleven, educating them to a high standard to enable them to move to a senior school.

The school aims to help low income parents by offering reduced fees to enable their children to attend the school.

 

The school aims to teach children the importance of giving and sharing with people who are less fortunate.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.

Volunteers

The Charity is not dependent upon the services of unpaid volunteers.

Achievements and performance
Significant activities and achievements against objectives

The average number of pupils in the year ended 31st August 2023 was 101 (2022 - 115), made up of 47 infants (2022 - 39), 49 juniors (2022 - 54) and 5 kindergarten (2022 - 22).

 

The Trustees report a fee income for the year of £489,258 (2022 - £468,430) and a deficit for the year of £153,199 (2022 - deficit £215,380).

Financial review
Reserves policy

It is the Charity’s policy to retain adequate reserves to be able to fund future operations. Prior to 1 September 2020 the Headmistress was paid a salary below market value. There had previously been a policy of building up reserves to cover the additional costs that arised when a new Head teacher was appointed as at 1st September 2023.

 

Following the appointment of Mrs E Devey reserves will be used to cover a salary at market value. Also the trustee's have started to use the reserves to update the school building and facilities as planned.

 

The school has set up a restricted fund to provide a bursary for under privileged children wishing to attend the school. £17,816 is held in a separate bank account as resources designated for special purposes.

Investment policy

The Memorandum allows the Directors to invest monies not immediately required for its purposes in such investments, securities or property as the Directors shall think fit, subject to Charity Law.

ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 2 -
Major risks

The trustees have assessed the major risks to which the the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

 

The School has a risk assessment policy in place which is continually updated. It also maintains an insurance policy which covers major risks.

Plans for future periods

The School expects to continue its educational function and to remain viable.

 

The school is currently providing financial assistance to a local club in a deprived area of Shrewsbury and plans to continue to do so in the future.

Structure, governance and management

The charity is registered as a company limited by guarantee and is constituted under its Memorandum and Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

P Strong
E Tate
S Ostrowski
C Morgan
(Resigned 31 August 2023)
E Coxhead
C Matthews
R Thevathason
A Taylor
Recruitment and appointment of trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum.

 

New trustees are invited to attend Trustees meetings and are assisted by other members of the Board.

Organisational structure

The charity is organised with a Board of Trustees.

The day to day management of the company are delegated to the Headmaster and Bursar.

Other matters

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The trustees' report was approved by the Board of Trustees.

P Strong
Trustee
27 August 2024
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
- 3 -

I report to the trustees on my examination of the financial statements of St. Winefride's School Shrewsbury Trust (the trust) for the year ended 31 August 2023.

Responsibilities and basis of report

As the trustees of the trust (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the trust are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the trust’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Association of Chartered Certified Accountants (ACCA) - UK, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the trust as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Audrey Williams FCCA
Dyke Yaxley Limited
1 Brassey Road
Old Potts Way
Shrewsbury
Shropshire
SY3 7FA
Dated: 28 August 2024
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2023
- 4 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
98,774
-
98,774
366
-
366
Charitable activities
3
494,699
-
494,699
473,026
-
473,026
Other trading activities
4
999
-
999
-
-
-
Investments
5
9,669
102
9,771
978
10
988
Total income
604,141
102
604,243
474,370
10
474,380
Expenditure on:
Raising funds
6
-
-
-
1,840
-
1,840
Charitable activities
7
757,442
-
757,442
687,393
-
687,393
Other expenditure
-
-
-
527
-
527
Total expenditure
757,442
-
757,442
689,760
-
689,760
Net income/(expenditure) and movement in funds
(153,301)
102
(153,199)
(215,390)
10
(215,380)
Reconciliation of funds:
Fund balances at 1 September 2022
1,063,957
17,816
1,081,773
1,279,347
17,806
1,297,153
Fund balances at 31 August 2023
910,656
17,918
928,574
1,063,957
17,816
1,081,773

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 5 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
13
333,440
355,314
Current assets
Debtors
14
179,427
185,513
Cash at bank and in hand
667,030
826,012
846,457
1,011,525
Creditors: amounts falling due within one year
15
(251,323)
(285,066)
Net current assets
595,134
726,459
Total assets less current liabilities
928,574
1,081,773
Net assets excluding pension liability
928,574
1,081,773
The funds of the trust
Restricted income funds
18
17,918
17,816
Unrestricted funds
910,656
1,063,957
928,574
1,081,773

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 27 August 2024
P  Strong
Trustee
Company registration number 02772962 (England and Wales)
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2023
- 6 -
2023
2022
Notes
£
£
£
£
Cash flows from operating activities
Cash absorbed by operations
22
(168,753)
(143,037)
Investing activities
Purchase of tangible fixed assets
-
(15,757)
Investment income received
9,771
988
Net cash generated from/(used in) investing activities
9,771
(14,769)
Net cash used in financing activities
-
-
Net decrease in cash and cash equivalents
(158,982)
(157,806)
Cash and cash equivalents at beginning of year
826,012
983,818
Cash and cash equivalents at end of year
667,030
826,012
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 7 -
1
Accounting policies
Charity information

St. Winefride's School Shrewsbury Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is St Winefride's School, Belmont, Shrewsbury, Shropshire, SY1 1TE.

1.1
Accounting convention

The financial statements have been prepared in accordance with the trust's Memorandum and Articles, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The trust is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount.

Fees are recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that the income will be received. Income is deferred in respect of cash received relating to future fees.

 

Deferred income is £241,352 (2022 - £259,601) as a result of fee invoices being raised prior to the year end which relate to the following academic year.

 

Debtors are recognised when the charity has entitlement to the funds after any performance conditions have been met, the amounts can be measured reliably, and it is probable that the income will be received.

ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 8 -
1.5
Expenditure

All expenditure is accounted for on an accruals basis and related costs aggregated into categories. Costs are allocated between direct charitable costs, support & governance costs and other costs according to the nature of the cost.

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property & improvements
2% per annum straight line
Equipment
25% per annum reducing balance
Website
33.3% per annum straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 9 -
2
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£

Government grant

98,181
-
Donated goods and services
593
366
98,774
366
3
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
St Winefride's School

Fee income

489,258
468,430

Income from trips and tuck shop

5,441
4,596
494,699
473,026
4
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Fundraising events
999
-
5
Income from investments
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Interest receivable
9,669
102
9,771
978
10
988
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 10 -
6
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Fundraising and publicity
Other fundraising costs
-
1,840
7
Expenditure on charitable activities
St Winefride's School
St Winefride's School
2023
2022
£
£
Direct costs
Staff costs
469,169
421,419
Depreciation and impairment
21,874
23,616

Cost of trips and tuck shop purchases

5,702
7,723

Repairs and renewals

76,019
91,922

School books and educational equipment

9,021
7,987

Light, heat and water

11,955
11,024

Household expenses

13,884
2,388

Telephone, postage and stationery

10,580
18,715

General rates

4,294
6,430

Sundry items

2,326
354

Bad debts written off

-
13,984
624,824
605,562
Share of support and governance costs (see note 8)
Support
124,735
73,235
Governance
7,883
8,596
757,442
687,393
Analysis by fund
Unrestricted funds
757,442
687,393
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 11 -
8
Support costs
Support costs
Governance costs
2023
Support costs
Governance costs
2022
£
£
£
£
£
£
Staff costs
75,975
-
75,975
41,344
-
41,344

Courses, licences and subscriptions

26,518
-
26,518
16,207
-
16,207

Insurance

16,916
-
16,916
14,068
-
14,068

Advertising

5,326
-
5,326
1,616
-
1,616
Independent examination fees
-
3,957
3,957
-
2,000
2,000
Accountancy
-
3,926
3,926
-
6,596
6,596
124,735
7,883
132,618
73,235
8,596
81,831
Analysed between
Charitable activities
124,735
7,883
132,618
73,235
8,596
81,831

Governance costs includes payments to the current Independent Examiners of £3,957 (2022 - £2,000) for audit fees.

9
Net movement in funds
2023
2022
£
£
Net movement in funds is stated after charging/(crediting)
Fees payable to the company's accountant for the independent examination of the company's financial statements
3,957
2,000
Depreciation of owned tangible fixed assets
21,874
23,616
Loss on disposal of tangible fixed assets
-
527
10
Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year (2022 - Nil).

 

None of the trustees (or any persons connected with them) received any reimbursement of expenses from the trust during the year (2022 - Nil).

11
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
Teaching
19
26
Administration of the school
2
4
Total
21
30
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
11
Employees
(Continued)
- 12 -
Employment costs
2023
2022
£
£
Wages and salaries
465,765
382,012
Social security costs
28,578
30,110
Other pension costs
50,801
50,641
545,144
462,763
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2023
2022
£
£
Aggregate compensation
37,527
-
12
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13
Tangible fixed assets
Freehold property & improvements
Equipment
Website
Total
£
£
£
£
Cost
At 1 September 2022
487,946
197,947
6,478
692,371
At 31 August 2023
487,946
197,947
6,478
692,371
Depreciation and impairment
At 1 September 2022
173,675
156,904
6,478
337,057
Depreciation charged in the year
9,759
12,115
-
21,874
At 31 August 2023
183,434
169,019
6,478
358,931
Carrying amount
At 31 August 2023
304,512
28,928
-
333,440
At 31 August 2022
314,271
41,043
-
355,314
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 13 -
14
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
173,055
176,177
Other debtors
402
-
Prepayments and accrued income
5,970
9,336
179,427
185,513
15
Creditors: amounts falling due within one year
2023
2022
Notes
£
£
Deferred income
16
241,352
259,601
Trade creditors
3,886
7,610
Other creditors
718
11,662
Accruals
5,367
6,193
251,323
285,066
16
Deferred income
2023
2022
£
£
Other deferred income
241,352
259,601

Deferred income is included in the financial statements as follows:

2023
2022
£
£
Deferred income is included within:
Current liabilities
241,352
259,601
Movements in the year:
Deferred income at 1 September 2022
259,601
209,747
Released from previous periods
(224,228)
(209,747)
Resources deferred in the year
205,979
259,601
Deferred income at 31 August 2023
241,352
259,601
17
Retirement benefit schemes
2023
2022
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
50,801
50,641
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
17
Retirement benefit schemes
(Continued)
- 14 -

The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the trust in an independently administered fund.

18
Restricted funds

The school has a restricted fund to provide a bursary fund to assist under privileged children wishing to attend the school.

At 1 September 2022
Incoming resources
At 31 August 2023
£
£
£
Restricted Bursary
17,816
102
17,918
Previous year:
At 1 September 2021
Incoming resources
At 31 August 2022
£
£
£
Restricted Bursary
17,806
10
17,816

Cash at bank includes an account with Santander for the restricted funds of £17,918 (2022 - £17,816). During the year interest of £102 (2022 - £10) was received on the restricted fund balance.

19
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 September 2022
Incoming resources
Resources expended
At 31 August 2023
£
£
£
£
Asset fund
82,505
-
-
82,505
General funds
981,452
604,141
(757,442)
828,151
1,063,957
604,141
(757,442)
910,656
ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
19
Unrestricted funds
(Continued)
- 15 -
Previous year:
At 1 September 2021
Incoming resources
Resources expended
At 31 August 2022
£
£
£
£
Asset fund
82,505
-
-
82,505
General funds
1,196,842
474,370
(689,760)
981,452
1,279,347
474,370
(689,760)
1,063,957

In an agreement with the Union of the Sisters of Mercy Great Britain, the assets of St Winefride's school were transferred to the company on 1st January 1993. The value of the assets at that date was £80,419 and this was credited to the Asset Fund. During 1994 it was recognised that certain interest was being received under reduction of tax. The tax was refunded by the Trusts bankers. £2,086 related to before 1st January 1993 and was credited to the capital fund.

 

20
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 August 2023:
Tangible assets
333,440
-
333,440
Current assets/(liabilities)
577,216
17,918
595,134
910,656
17,918
928,574
Unrestricted
Restricted
Total
funds
funds
2022
2022
2022
£
£
£
At 31 August 2022:
Tangible assets
355,314
-
355,314
Current assets/(liabilities)
708,643
17,816
726,459
1,063,957
17,816
1,081,773
21
Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

ST. WINEFRIDE'S SCHOOL SHREWSBURY TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 16 -
22
Cash generated from operations
2023
2022
£
£
Deficit for the year
(153,199)
(215,380)
Adjustments for:
Investment income recognised in statement of financial activities
(9,771)
(988)
(Gain)/loss on disposal of tangible fixed assets
-
527
Depreciation and impairment of tangible fixed assets
21,874
23,616
Movements in working capital:
Decrease/(increase) in debtors
6,086
(3,301)
(Decrease)/increase in creditors
(15,494)
2,635
(Decrease)/increase in deferred income
(18,249)
49,854
Cash absorbed by operations
(168,753)
(143,037)
2023-08-312022-09-01falsefalseCCH SoftwareiXBRL Review & Tag 2024.2027729622022-09-012023-08-3102772962bus:Director12022-09-012023-08-3102772962bus:Director22022-09-012023-08-3102772962bus:Director32022-09-012023-08-3102772962bus:Director62022-09-012023-08-3102772962bus:Director72022-09-012023-08-3102772962bus:Director82022-09-012023-08-3102772962bus:Director92022-09-012023-08-3102772962bus:CompanySecretary12022-09-012023-08-3102772962bus:Director42022-09-012023-08-31027729622023-08-31027729622022-08-31027729622021-09-012022-08-3102772962bus:FRS1022022-09-012023-08-3102772962bus:IndependentExaminationCharity2022-09-012023-08-3102772962bus:FullAccounts2022-09-012023-08-31xbrli:purexbrli:sharesiso4217:GBP