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|||**Page**||
|---|---|---|---|
|**Report o f the Trustees**|**1**|**to**|**9**|
|**Report o f the Independent Auditors**|**10**|**to**|**11**|
|**Statement o f Financial Activities**||**12**||
|**Balance Sheet**||**13**||
|**Cash Flow Statement**||**14**||
|**Notes to the Cash Flow Statement**||**15**||
|**Notes to the Financial Statements**|**16**|**to**|**30**|





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|||**31.8.20**|31.8.19|
|---|---|---|---|
|||**Unrestricted**|Total|
|||**funds**|funds|
||Notes|||
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies|3||10|
|**Charitable activities**|5|||
|Incoming receipts from charitable activities||**1,609,611**|1,649,039|
|Investment income|**4**|**1,285**|1,692|
|**Total**||**1,610,896**|1,650,741|
|**EXPENDITURE ON**||||
|Direct charitable expenditure|6|**1,489,742**|1,504,043|
|**Other charitable activities**|7|||
|Depreciation||**20,980**|17,398|
|Governance & support||**15,980**|15,455|
|**Total**||**1,526,702**|1,536,896|
|**NET INCOME**||**84,194**|113,845|
|**RECONCILIATION OF FUNDS**||||
|**Total funds brought forward**||**962,342**|848,497|
|**TOTAL FUNDS CARRIED FORWARD**||**1,046,536**|962,342|





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|||**31.8.20**|**31.8.19**|
|---|---|---|---|
|||**Unrestricted**|**Total**|
|||**funds**|**funds**|
||**Notes**|||
|**FIXED ASSETS**||||
|Intangible assets|**14**|**_900_**|**1,800**|
|Tangible assets|**15**|**667,169**|662,491|
|||**668,069**|664,291|
|**CURRENT ASSETS**||||
|Stocks|**16**|**2,520**|2,533|
|Debtors|**17**|**141,821**|68,625|
|Cash at bank and in hand||**481,794**|466,595|
|||**626,135**|537,753|
|**CREDITORS**||||
|Amounts falling due within one year|**18**|**(188,311)**|(154,177)|
|**NET CURRENT ASSETS**||**437,824**|383,576|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||**1,105,893**|1,047,867|
|**CREDITORS**||||
|Amounts falling due after more than one year|19||(21,950)|
|**PENSION LIA_BILITY**|23|**(59,357)**|(63,575)|
|**NET ASSETS**||**1,046,536**|962,342|
|**FUNDS**|22|||
|Unrestricted funds||**1,046,536**|962,342|
|**TOTAL FUNDS**||**1,046,536**|962,342|





|**Cash Flow Statement**||||
|---|---|---|---|
|**for the Year Ended 31 August 2020**||||
|||**31.8.20**|31.8.19|
||Notes|||
|**Cash flows from operating activities**||||
|Cash generated from operations|1|**80,629**|86,793|
|Interest paid||**(1,044)**|(3,643)|
|Net cash provided by operating activities||**79,585**|83,150|
|**Cash flows from investing activities**||||
|Purchase o f tangible fixed assets||**(24,759)**|(33,029)|
|Interest received||932|1,692|
|Net cash used in investing activities||(23,827)|(31,337)|
|**Cash flows from financing activities**||||
|Capital loan repayments in year||**(41,744)**|(19,350)|
|Net cash used in financing activities||**(41,744)**|(19,350)|
|**Change in cash and cash equivalents in**||||
|**the reporting period**||**14,014**|32,463|
|**Cash and cash equivalents at the**||||
|**beginning of the reporting period**|2|**465,518**|**433,055**|
|**Cash and cash equivalents at the end of**||||
|**the reporting period**|2|479,532|465,518|





## 

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|**1.**|**RECONCILIATION OF NET INCOME TO NET CASH**<br>**ACTIVITIES**|**FLOW FROM O**|**PERATING**||
|---|---|---|---|---|
||||**31.8.20**|31.8.19|
||_Net_**income for the reporting period (as per the Statement of Financial**||||
||**Activities)**||**84,194**|113,845|
||**Adjustments for:**||||
||Depreciation charges||**20,980**|17,398|
||Interest received||**(932)**|(1,692)|
||Interest paid||**1,044**|3,643|
||Decrease in stocks||**13**|1,723|
||Increase in debtors||**(73,196)**|(15,994)|
||Increase/(decrease) in creditors||**52,743**|(22,863)|
||Difference between pension charge and cash contributions||**(4,217)**|(9,267)|
||**Net cash provided by operations**||**80,629**|86,793|
|**2.**|**ANALYSIS OF CASH AND CASH EQUIVALENTS**||||
||||**31.8.20**|31.8.19|
||Cash in hand||**2,930**|4,674|
||Notice deposits (less than 3 months)||**478,864**|461,921|
||Overdrafts included in bank loans and overdrafts falling due within one year||(2,262)|(1,077)|
||Total cash and cash equivalents||**479,532**|465,518|
|3.|**ANALYSIS OF CHANGES IN NET FUNDS**||||
|||At 1.9.19|Cash flow|**At 31.8.20**|
||**Net cash**||||
||Cash at bank and in hand|**466,595**|**15,199**|**481,794**|
||**Bank**overdraft|**(1,077)**|**(1,185)**|**(2,262)**|
|||**465,518**|**14,014**|**479,532**|
||**Debt**||||
||Debts falling due within 1 year|**(19,794)**|**19,794**||
||Debts falling due after 1 year|**(21,950)**|**21,950**||
|||**(41,744)**|**41,744**||
||**Total**|**423,774**|**55,758**|**479,532**|





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|**3.**|**DONATIONS AND LEGACIES**|||
|---|---|---|---|
|||**31.8.20**|31.8.19|
||Donations||10|
|**4.**|**INVESTMENT INCOME**|||
|||**31.8.20**|31.8.19|
||Bank interest received|**1,285**|1,692|
|**5.**|**INCOME FROM CHARITABLE ACTIVITIES**|||
|||**31.8.20**|31.8.19|
||Incoming receipts from charitable activities|||
||School fees|**1,585,350**|1,580,065|
||Events & charitable activities|**7,946**|8,349|
||Other income|**6,142**|9,151|
||Entrance fees|**1,450**|1,825|
||Examination fees|**253**|1,000|
||Uniform sales|**7,602**|5,515|
||Trips & excursions|**868**|43,134|
|||**1,609,611**|1,649,039|
|**6.**|**DIRECT CHARITABLE EXPENDITURE**|||
||**Administration o f the school**|||
|||**31.8.20**|31.8.19|
|||£|£|
||Hire o f minibus|**6,056**|6,038|
||Diocese land rent|**100**|100|
||Departmental expenses|**20,167**|15,617|
||Examination fees|**9,831**|19,456|
||Subscription & licences|**13,349**|14,378|
||Telephone|**2,553**|2,565|
||Postage and stationery|**24,820**|24,383|
||Sundry meetings & refreshments|**5,513**|4,739|
||Advertising|**1,942**|4,848|
||Continued professional development and training|**1,727**|2,765|
||Bad debts|**2,600**|20,000|
||Trips & excursions|**2,458**|46,983|
||Uniform purchases|**10,651**|7,817|
||Minibus running costs|**685**|1,530|
||Disclosure and barring service checks|**199**|190|
||IT maintenance and contracts|**30,000**|30,000|
||Interest payable and similar charges|**165**|62|
||Events & charitable activities|**10,791**|9,673|
|||**143,607**|211,144|





## 

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|**6.**|**DIRECT CHARITABLE EXPENDITURE −continued**|||
|---|---|---|---|
||**Teaching costs**|||
|||**31.8.20**|31.8.19|
||Staff costs|1,236,709|1,167,018|
||Interest payable and similar charges|**1,246**|(2,919)|
|||1,237,955|1,164,099|
||Premises costs|||
|||31.8.20|31.8.19|
||Cleaning and waste removal|32,395|44,945|
||Heat & light|32,001|18,939|
||Insurance|8,843|10,486|
||Rates & water|4,548|6,475|
||Building maintenance & other repairs and renewals|30,057|46,777|
||Interest payable and similar charges|336|1,178|
|||**108,180**|128,800|
||Aggregate amounts|1,489,742|1,504,043|
|7.|**CHARITABLE ACTIVITIES COSTS**|||
||||Direct|
||||Costs|
||Depreciation||**20,980**|
|**8.**|**SUPPORT COSTS**|||
||||Governance|
||||costs|
||Other resources expended||**15,980**|
|**9.**|**NET INCOME/(EXPENDITURE)**|||
||Net income/(expenditure) is stated after charging/(crediting):|||
|||**31.8.20**|31.8.19|
||Depreciation −owned assets|**20,081**|16,495|
||Hire o f minibus|6,056|6,038|
||Diocese land rent|**100**|100|
||Website amortisation|**900**|900|





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|**AUDITORS' REMUNERATION**|||
|---|---|---|
||**31.8.20**|31.8.19|
|Fees payable to the charity's auditorsfor the audit o f thecharity's financial|||
|statements|**3,804**|3,625|
|Fees payable to the charity's auditors forotherservices:|||
|Preparation o f accounts|**3,804**|3,625|



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||**31.8.20**|31.8.19|
|---|---|---|
|Wages and salaries|**964,014**|960,386|
|Social security costs|**88,761**|85,200|
|Other pension costs|**183,934**|121,432|
||**1,236,709**|1,167,018|



||**31.8.20**|31.8.19|
|---|---|---|
|Full time teachers|**15**|15|
|Part time teachers|**9**|10|
|Full time teaching assistants|**2**|1|
|Part time teaching assistants|**1**|1|
|Part time laboratory technician|**1**|1|
|Full time caretakers|**1**|2|
|Part time caretakers|**1**|3|
|Management & administration (full time)|**3**|3|
|Management & administration (part time)|**3**||
||**36**|36|



|The num|ber o f employees whose employee benefits|(excluding employer pension costs) exceede|d £60,000 w|
|---|---|---|---|
|||**31.8.20**|31.8.19|
|£60,001|−£70,000||1|





## 

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|**COMPARATIVES FOR i'llt, STATEMENT OF FINANCIAL AC**<br>(Breakdown o f the 2019 column from page 12)|**TIVITIES — 2019 SoFA**|
|---|---|
||Unrestricted|
||funds|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|10|
|**Charitable activities**||
|Incoming receipts from charitable activities|1,649,039|
|Investment income|1,692|
|**Total**|1,650,741|
|**EXPENDITURE ON**||
|Direct charitable expenditure|1,504,043|
|**Other charitable activities**||
|Depreciation|17,398|
|Governance & support|15,455|
|**Total**|1,536,896|
|**NET INCOME**|113,845|
|**RECONCILIATION OF FUNDS**||
|**Total funds brought forward**||
|As previously reported|858,501|
|Prior year adjustment|(10,004)|
|As **restated**|848,497|
|**TOTAL FUNDS CARRIED FORWARD**|962,342|





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|**INTANGIBLE FIXED ASSETS**||
|---|---|
||Website|
|**COST**||
|At 1 September 2019 and 31 August 2020|**4,500**|
|**AMORTISATION**||
|At 1 September 2019|**2,700**|
|Charge for year|**900**|
|At 31 August 2020|**3,600**|
|**NET BOOK VALUE**||
|At 31 August 2020|**900**|
|At 31 August 2019|1,800|



## 

|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|
||Freehold|Property|Plant &|
||property|improvements|machinery|
|**COST**||||
|At 1 September 2019|**303,244**|**403,674**|**37,392**|
|Additions|||**21,720**|
|At 31 August 2020|**303,244**|**403,674**|**59,112**|
|**DEPRECIATION**||||
|At 1 September 2019|**36,584**|**39,130**|**32,517**|
|Charge for year|**2,032**|**4,036**|**6,649**|
|At 31 August 2020|**38,616**|**43,166**|**39,166**|
|**NET BOOK VALUE**||||
|At 31 August 2020|**264,628**|**360,508**|**19,946**|
|At 31 August 2019|266,660|364,544|4,875|





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|||Fixtures||||
|---|---|---|---|---|---|
|||and|Furniture|Computer||
|||fittings|etc|equipment|Totals|
||**COST**|||||
||At 1 September 2019|**571,546**|**14,968**|**35,338**|**1,366,162**|
||Additions|**50**|**743**|**2,246**|**24,759**|
||At 31 August 2020|**571,596**|**15,711**|**37,584**|**1,390,921**|
||**DEPRECIATION**|||||
||At 1 September 2019|**559,099**|**10,357**|**25,984**|**703,671**|
||Charge for year|**3,125**|**1,339**|**2,900**|**20,081**|
||At 31 August 2020|**562,224**|**11,696**|**28,884**|**723,752**|
||**NET BOOK VALUE**|||||
||At 31 August 2020|**9,372**|**4,015**|**8,700**|**667,169**|
||At 31 August 2019|12,447|4,611|9,354|662,491|
|**16.**|**STOCKS**|||||
|||||**31.8.20**|31.8.19|
||Stocks|||**2,520**|2,533|
|**17.**|**DEBTORS: AMOUNTS FALLING DUE **|**WITHIN ONE YEAR**||||
|||||**31.8.20**|31.8.19|
||School fees|||**125,166**|57,404|
||Prepayments|||**16,655**|11,221|
|||||**141,821**|68,625|
|**18.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||**31.8.20**|31.8.19|
||Bank loans and overdrafts (see note 20)|||**2,262**|20,871|
||Trade creditors|||**2,574**|1,352|
||Social security and other taxes|||**21,405**|26,744|
||Other creditors|||**19,510**|14,203|
||Locker deposits|||**1,300**|1,075|
||Advanced receipts|||**103,912**|82,682|
||Accrued expenses|||**14,858**|7,250|
||Deferred ski trip deposits|||**22,490**||
|||||**188,311**|154,177|





|**19.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**||
|---|---|---|---|
|||**31.8.20**|31.8.19|
||Bank loans (see note 20)||21,950|
|**20.**|**LOANS**|||
||An analysis o f the maturity o f loans is given below:|||
|||**31.8.20**|31.8.19|
||Amounts falling due within one year on demand:|||
||Bank overdraft|**2,262**|1,077|
||Bank loans||19,794|
|||2,262|20,871|
||Amounts falling due between two and five years:|||
||Bank loans −2−5 years||21,950|



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|**MOVEMENT IN FUNDS**|||||
|---|---|---|---|---|
|||Net|Transfers||
|||movement|between|At|
||At 1.9.19|in funds|funds|31.8.20|
|**Unrestricted funds**|||||
|General fund|**1,025,917**|**84,194**|**(4,218)**|**1,105,893**|
|Pension liability fund|**(63,575)**||**4,218**|**(59,357)**|
||**962,342**|**84,194**||**1,046,536**|
|**TOTAL FUNDS**|**962,342**|**84,194**||**1,046,536**|



||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|**1,610,896**|**(1,526,702)**|**84,194**|
|**TOTAL FUNDS**|**1,610,896**|**(1,526,702)**|**84,194**|





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|||Prior|Net|Transfers||
|---|---|---|---|---|---|
|||year|movement|between|At|
||At 1.9.18|adjustment|in funds|funds|31.8.19|
||£|£|i|£|£|
|**Unrestricted funds**||||||
|General fund|930,452|(10,004)|113,845|(8,376)|1,025,917|
|Bursary fund|890|−|−|(890)||
|Pension liability fund|(72,841)|−|−|9,266|(63,575)|
||858,501|(10,004)|113,845||962,342|
|**TOTAL FUNDS**|858,501|(10,004)|113,845||962,342|



||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,650,741|(1,536,896)|113,845|
|**TOTAL FUNDS**|1,650,741|(1,536,896)|113,845|



|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At 1.9.18|in funds|funds|31.8.20|
||£|£|£|£|
|**Unrestricted funds**|||||
|**General** fund|930,452|198,039|(12,594)|1,115,897|
|Bursary fund|890|−|(890)||
|Pension liability fund|(72,841)|−|13,484|(59,357)|
||858,501|198,039||1,056,540|
|**TOTAL FUNDS**|858,501|198,039||1,056,540|



||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|3,261,637|(3,063,598)|198,039|
|**TOTAL FUNDS**|3,261,637|,(3,063,598)|198,039|





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|Period Ending 31 August 2020|||
|---|---|---|
|Provision at start o f period|(£63,575||
|Unwinding o f the discount factor (interest expense)|(£|668|
|Deficit contribution paid|(£|5,464)|
|Re−measurements −impact o f any change in assumptions|(£|578|
|Re−measurements −amendments to the contribution schedule|||
|Provision at end o f period|£59,357||
|Period Ending 31 August 2019|||
|Provision at start o f period|£72,841||
|Unwinding o f the discount factor (interest expense)|£|1,366|
|Deficit contribution paid|(£|6,347)|
|Re−measurements −impact o f any change in assumptions|£|2,856|
|Re−measurements −amendments to the contribution schedule|( i|7,141)|
|Provision at end o f period|£63,575||
|Income and expenditure impact|||
|Period Ending 31 August 2020|||
|Unwinding of the discount factor (interest expense)|£|668|
|Re−measurements −impact o f any change in assumptions|£|578|
|Re−measurements −amendments to the contribution schedule|||
|Contributions paid in respect of future service *|||
|Cost recognised in income and expenditure account|||
|Period Ending 31 August 2019|||
|Unwinding of the discount factor (interest expense)|£|1,366|
|Re−measurements −impact o f any change in assumptions|£|2,856|
|Re−measurements −amendments to the contribution schedule|(£|7,141)|
|Contributions paid in respect o f future service *|£|−|
|Cost recognised in income and expenditure account|||



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