##
##
||||Page|
|---|---|---|---|
|Company
Information||||
|Report ofthe Governors|(including|Strategic Report)||
|Report ofthe Independent|Auditors|||
|Statement ofFinancial Activities|||19|
|Balance Sheet|||20|
|Statement ofCash Flows|||21|
|Notes tothe Statement ofCash Flows|||22|
|Notes tothe Financial Statements|||23|
##
|GOVERNORS:|Mr A D Hussey —Chairman|Mr A D Hussey —Chairman|Mr A D Hussey —Chairman||
|---|---|---|---|---|
||Mrs A Brooks||||
||Mr P Evitt||||
||M D Mortimer|||-resigned 29June 2021|
||Brig AT LPotts||||
||Mrs A Rainsford|||-appointed 13September 2021|
||Mrs K M Saker||||
||Mr J M Scott||||
||Mr C N P Stourton||||
||Dr R M Sullivan||||
||Mrs CWatson|||-resigned 25June 2021|
||Mrs C M M Witheridge||||
|SECRETARY AND CLERKTO THE|||||
|GOVERNORS:|Mrs FSpeers||||
|HEADNIASTER:|RJohnston||||
|REGISTERED OFFICE:|I-lanford School||||
||Child Okeford||||
||Blandford
Forum||||
||DT11SHN||||
|REGISTERED NUMBER:|02572565 (England||and Wales)||
|REGISTERED CHARITY NUMBER:|1001751||||
|AUDITORS:|Fawcetts
LLP||||
||Chartered
Accountants||||
||and Statutory|Auditors|||
||Windover
House||||
||StAnn Street||||
||Salisbury||||
||SP12DR||||
|BANKERS:|HSBC Bank pic|||C Hoare &Co|
||17Market Place|||37 Fleet Street|
||Blandford
Forum|||London|
||Dorset|||EC4P 4DQ|
||DT117AG||||
|INVESTMENT MANAGERS:|Church House Investment|||Management|
||York House||||
||6 Coldharbour||||
||Sherborne||||
||Dorset||||
||DT94JW||||
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||||||Total|Total|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|2021|2020|
|INCOME AND EXPENDITURE||Notes|E|E|E|E|
|INCOME AND ENDOWMENTS|FROM(||||||
|Charitable
activities|||||||
|Fees receivable|||26021401||2,021,801|1,945,321|
|Recharges|||84,593||84,593|75,300|
|Otherincome||3|58,552||58,552|48,719|
|Donations
and legacies|||||||
|Donations|||1,500|22r443|23,993|89,434|
|Legacies||||||17,651|
|Investments||4|8,760||8,760|2,652|
|TOTAL INCOME|||2,175,206|22/43|2,197,649|2,179,077|
|EXPENDITURE ON:|||||||
|Raising funds|||9,058||9,058|16,569|
|Chad(table activities|||||||
|Bursaries donated|||196,535||196,535|182,955|
|School operating costs|||1,998,159|54,885|2,053,044|1,982,913|
|TOTAL EXPENDITURE||8|2,203,752|54,885|262586637|2,182,437|
|NET (EXPENDITURE) / INCOME|||(28,546)|(32,442)|~60,988)|~3,360)|
|Transfers between funds|||||||
|(Losses) / Gains on investments|||||||
|-realised||||||(4,036)|
|—unrealised|||45,154||45,154|(17,741)|
|NET MOVEMENT
IN FUNDS|||16.668|(82862(|~2888 (|(2,137(|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward|||||||
|at 1September 2020|||2,024,402|14,771,824|16,796,226|16,821,363|
|TOTAL FUNDS CARRIED FORWARD|||||||
|at31August 2021|||26041010|1417396382|167806392|16796226|
##
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|||2021||2020||
|---|---|---|---|---|---|
||Notes|f|f|||
|FIXEDASSETS||||||
|Tangible assets|9||16,681,226||16,480,981|
|Investments|10||467,830||422,676|
|CURRENT ASSETS||||||
|Debtors||578,410||509,533||
|Cash at bank and in hand||438,933||806,006||
|||1,017,343||1,315,539||
|CREDITORS||||||
|Amounts
falling due within one year|12|(1,033,507)||(965,320)||
|NET CURRENT ASSETS/(LIABILITIES)|||(16,164)||350,219|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||17,132,892||17,253,876|
|CREDITORS: Amounts
falling||||||
|due after more than one year|13||(352,500)||(457,650)|
|NET ASSETS|||16,780,392||16,796,226|
|FUNDS:||||||
|Restricted funds|16||14,739,382||14,771,824|
|Unrestricted
funds - general|17||2,035,198||2,003,358|
|Unrestricted
funds - designated|17||5,812||21,044|
|TOTAL CHARITY FUNDS|||16,780,392||16,796,226|
##
||||2021|2020|
|---|---|---|---|---|
||||E|E|
|Net cash flow from operating||activities|(93,167)|103,214|
|Cash flow from investing|activities||||
|Payments to acquire tangible||fixed assets|(292,982)|(187,177)|
|Proceeds from sale ofassets|||19,592||
|Dividends
received|||8,728|2,477|
|Interest received|||32|175|
|Net cash flow from investing||activities|(264,630)|(185,854)|
|Cash flow from financing|activities||||
|New loan in year||||450,000|
|Loan repayments|||(7,500)||
|Interest paid|||(1,776)||
|Net cash flow from financing||activities|(9,276)|450,000|
|Net (decrease)/increase|in cash and cash equivalents||(367,703)|368,689|
|Cash and cash equivalents|at|1September 2020|806,006|437,317|
|Cash and cash equivalents|at|31August 2021|438,933|806,006|
##
##
|RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES||
|---|---|---|---|
|Net (expenditure)
/ income for|the year|||
|as per the Statement of Financial Activities||(15,834)|(25,137)|
|Dividends
receivable||(8,728)|(2,477)|
|Interest receivable||(32)|(175)|
|Interest payable||1,776||
|Depreciation oftangible fixed assets||92,737|88,938|
|Surplus on disposal oftangible|fixed assets|(19,592)||
|Loss on disposal offixed asset|investments||4,036|
|Revaluation
offixed asset investments||(45,154)|17,741|
|Fixed asset investments
legacy|—listed 8 other investments|||
|Increase in debtors||(68,877)|(28,120)|
|(Decrease)/Increase
in creditors||(29,463)|48,408|
|Net cash flow from operating|activities|~98,167I|103214|
|CASH AND CASH EQUIVALENTS||||
|Cash and cash equivalents
consists of:||||
|Cash at bank and in hand||438,933|806,006|
|Cash and cash equivalents
at31August 2021||438,933|806,006|
|ANALYSIS OF CHANGES IN NET DEBT||||
||At 1.9.20|Cash flow|At 31.8.21|
||E|f|E|
|Net cash||||
|Cash at bank and in hand|806,006|(367,073)|438,933|
||806,006|(367I073)|438,933|
|Debt||||
|Debts falling due within 1year|(7,500)|82,500|(90,000)|
|Debts falling due after 1year|(442,500)|(90,000)|(352,500)|
||(450,000)|7,500|(442,500)|
|Total|356,006|(359,573)|(3,567)|
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|Land|||—Not depreciated||
|---|---|---|---|---|
|Buildings|||—191straight
line (see below)||
|Improvements||to property|-596on reducing balance||
|Plant and|equipment||-2094 on reducing|balance|
|Motor vehicles|||-209oon reducing|balance|
|Computer|equipment||- 2094straight
line||
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|2.|INCOME FROM|INCOME FROM|INCOME FROM|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|funds|funds|funds|
|||||||2021|2021|2021|2020|
|||||||f|E|E|E|
||Donations|||||||||
||General donations|||||1,550||1,550|40|
||Hanford 140||||||22,343|22,343|32,504|
||Leavers programme||||||||3,290|
||Sports||||||||2,000|
||Swimming|pool||||||||
||Art Barn||||||100|100|50,000|
||Gardens||||||||1,600|
|||||||1,500|22,443|23,993|89,434|
||Legacies|||||||||
||The late Miss||Sarah Canning||||||17,651|
||Total|||||1,500|22,443|23,993|107,085|
|3.|OTHER INCOME|||||||||
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|funds|funds|funds|
|||||||2021|2021|2021|2020|
|||||||E|E|E|E|
||Government||grants|||||||
||-Coronavirus|||Job Retention Scheme||30,367||30,367|49,366|
||(Deficit) /Surplus||||on other recharges|8,593||8,593|(647)|
||Sale proceeds||ofdonated asset|||19,592||19,592||
||Total|||||58,552||58,552|48,719|
|4.|INCOME FROM|||INVESTMENTS||||||
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|funds|funds|funds|
|||||||2021|2021|2021|2020|
|||||||f|E|E|f|
||Dividends —equites|||||8,728||8,728|2,477|
||Interest- cash|||deposits||32||32|175|
||Total|||||8,760||8,760|2,652|
##
##
||2021f|2020
f|
|---|---|---|
|Wages and salaries|1,055,932|1,001,688|
|Social security costs|78,162|76,968|
|Pension contributions|162,629|155,154|
|Other employee
benefits|9,538|6,663|
||1,306,261|1.344,473|
||2021|2020|
|---|---|---|
||No.|No.|
|Teaching and care staff|36|32|
|Other staff|23|23|
||59|55|
|The number ofemployees
w|hose emoluments
exceeded f60,000fo|rthe year was one (2020:On|e):|
|---|---|---|---|
|||2021|2020|
|||No.|No.|
|f60,001 -f70,000|||1|
|The number
with retirement|benefits accruing in:|||
|- Money purchase schemes|was|||
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|Net incoming|Net incoming|resources are stated|after charging:|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|E|
|Depreciation||—owned assets||92,737|88,938|
|Surplus|on disposal ofdonated assets|||19,592||
|Auditors'|remuneration
-audit services|||3,800|3,700|
|||- non-audit|services|8,766|8,061|
##
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##
||||Staff salaries|||2021|2020|
|---|---|---|---|---|---|---|---|
||||and costs
E|Other
f|Depreciation
E|Total
E|Total
E|
|Chadtable|activities:|||||||
|Bursaries|donated|||196,535||196,535|182,955|
|School operating||costs:||||||
|Teaching|costs||839,444|100,804|11,624|951,872|934,092|
|Welfare|||266,540|85,256||351,796|314,357|
|Premises|||60,663|328,580|79,064|468,307|498,014|
|Support|costs ofschooling||139,614|126,840|2,049|26$,503|224,689|
|Governance||||12,566||12,566|11,761|
||||1,306,261|850,581|92,737|2,249p579|1,982,913|
|Raising funds:||||||||
|Alumnae|relations|||||||
|and fundraising||costs||9,058||9,058|16,569|
|Total resources expended|||1,306,261|$59,639|92,737|2358,637|2,182,437|
##
##
|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||Land and|Improvements|to|Plant and|
||Buildings|Property||equIpment|
||E|E||E|
|COSTOR VALUATION|||||
|At 1September 2020|16,600,000|516,899||224,638|
|Additions|107,801|140,695||28,299|
|Disposals|||||
|At 31August 2021|16,707,801|657494||252,937|
|DEPRECIATION|||||
|At 1September 2020|677,750|60,729||168,543|
|Charge for year|41,680|23,423||13,961|
|Eliminated
on disposals|||||
|At31August 2021|719430|84,152||182,504|
|NET BOOK VALUE|||||
|At31August 2021|15,998,571|573,442||70,433|
|At 31August 2020|15,922,250|456,170||56,095|
||Motor|Computer|||
||vehicles
f|equipment
E||Totals
f|
|COST0R VALUATION|||||
|At 1September 2020|42,715|183,602||17,567,854|
|Additions||16,187||292,982|
|Disposals|||||
|At 31August 2021|42,715|199,789||17,860,836|
|DEPRECIATION|||||
|At 1September 2020|22,224|157,627||1,086,873|
|Charge for year|4,098|9,575||92,737|
|Eliminated
on disposals|||||
|At31August 2021|26,322|167,202||1,179,610|
|NET BOOK VALUE|||||
|At31August 2021|26393|92,587||16,681.226|
|At 31August 2020|20,491|25,975||16,480,981|
##
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|10.|FIXEDASSET INVESTM|EN|TS|||||
|---|---|---|---|---|---|---|---|
||||||Listed|Other||
||||||Investments|Investments|Totals|
||||||f|f|E|
||COST OR VALUATION|||||||
||At 1September 2020||||394,076|28,600|422,676|
||Additions|||||||
||Disposals|||||||
||Revaluation||||45,154||45,154|
||At 31August 2021||||439,230|28,600|467,830|
||NET BOOK VALUE|||||||
||At 31August 2021||||430,330|28,600|4673830|
||At 31August 2020||||394,076|28,600|422,676|
|11.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR||||||
|||||||2021|2020|
|||||||f|f|
||Trade debtors|||||571,483|503,101|
||Other debtors||||||2,825|
||Prepayments|||||6,927|3,607|
|||||||578,410|509,533|
|12.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
|||||||2021|2020|
|||||||f|f|
||Bank loan (see note 14)|||||90,000|7,500|
||Bank overdraft (see note||14)|||||
||Trade creditors|||||51,187|38,450|
||Other creditors|||||105,212|84,373|
||Taxation and social security|||||16,346|16,399|
||Deferred income - autumn|||term fees||7030866|581,378|
||Advance fees scheme|(see||note 15)||44,900|132,205|
||Accrued expenses|||||21,996|105,015|
|||||||1,033.301|965,320|
##
##
|CREDITORS: AMOUNTS|FALLING DUE AFTER MORE THAN ONE YEAR|||
|---|---|---|---|
|||2021|2020|
|||f|f|
|Advance fees scheme (see note 15)|||15,150|
|Bank loan||352,500|442,500|
|||SSM00|457,650|
##
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##
|||2021|2020|
|---|---|---|---|
|||f|f|
|Within|2to 5years|||
|Within|1to 2years||15,150|
||||15,150|
|Within|1year|44,900|132,205|
|||44,900|141,333|
##
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##
|Analysis of|movement
in r|estricted funds —previ|ous year||||
|---|---|---|---|---|---|---|
|||Balance at||||Balance at|
|||1September|Incoming|Resources||31August|
|||2019
f|resources
f|expended
f|Transfers
f|2020f|
|Fixed asset|fund|14,654,506||(37,885)||14,616,621|
|Hanford 140||51,604|32,504|||84,108|
|Leavers programme|||3,290|(2,195)||1,095|
|Bursaries||3,000||||3,000|
|Sports||3,000|2,000||(3,000)|2,000|
|Swimming|pool|15,000||||15,000|
|Art Barn|||50,000|||50,000|
|Gardens|||1,600|(1,600)|||
|||14,727,110|89,394|(43,000(|(3,000(|14,771,024|
##
##
|Analysis|ofmovement
in unrestricted funds||||
|---|---|---|---|---|
|||General|Designated||
|||fund
f|fund
f|Totalf|
|Balance|at 1September 2020|2,003,358|21,044|2,024,402|
|(Deficit)|for the year|31,840|(15,232)|16,608|
|Transfers|between
funds||||
|Balance|as at 31August 2021|2,035,198|5,812|2,041.010|
|Analysis|ofmovement
in unrestricted
funds —pre|vious year|||
|---|---|---|---|---|
|||General|Designated||
|||fund|fund|Total|
|||f|f|f|
|Balance|at 1September 2019|2,073,209|21,044|2,094,253|
|(Deficit)|for the year|(72,851)||(72,851)|
|Transfers|between
funds|3,000||3,000|
|Balance|as at31August 2020|2,003,358|21,044|2,024,402|
##
##
|||Unrestricted|Unrestricted|||
|---|---|---|---|---|---|
|||funds|funds|Restdicted||
|||General
f|Designated
f|funds
f|Totalf|
|Tangible|fixed assets|2,102,490||14,578,736|16,681,226|
|Investments||467,830|||467,830|
|Current|assets|850,885|5,812|160,646|1,017,343|
|Current|liabilities|(1,033,507)|||(1,033,507)|
|Creditors|more than one year|(352,500)|||(352,500)|
|||2,222,122|5,812|14,739,382|16,780,392|
##
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||2021|2020|
|---|---|---|
||f|f|
|Within one year|2,714|2,714|
|Later than one and not later than five years|||
||2,714|2,714|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E|E|
|Contracted|but|not|provided|for in the financial statements||93,704|
||||||2021|2020|
||||||E|E|
|Authorised|but|not|contracted for in the financial statements||||
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|||||Total|
|---|---|---|---|---|
|||Unrestricted|Restricted|2020|
|INCOME AND EXPENDITURE|Notes|f|f|f|
|INCOME AND ENDOWMENTS FROM:|||||
|Charitable
activities|||||
|Fees receivable||1,945,321||1,945,321|
|Recharges||75,300||75,300|
|Otherincome||48,719||48,719|
|Donations and legacies||17,691|89,394|107,085|
|Investments||2,652||2,652|
|TOTAL INCOME||2,089,683|89,394|2,179,077|
|EXPENDITURE ON:|||||
|Raising funds||16,569||16,569|
|Charitable
activities|||||
|Bursaries donated||182,955||182,955|
|School operating costs||1,941,233|41,680|1,982,913|
|TOTAL EXPENDITURE||2,140,757|41,680|2,182,437|
|NET INCOME / (EXPENDITURE)||(51,074)||(3,360)|
|Transfers between funds||3,000|(3,000)||
|Gains on investments|||||
|-Realised||(4,036)||(4,036)|
|-Unrealised||(17,741)||(17,741)|
|NET MOVEMENT
IN FUNDS||(69,851)|44,714|(25,137)|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought
forward|||||
|at 1September 2019||2,094,253|14,727,110|16,821,363|
|TOTAL FUNDS CARRIED FORWARD|||||
|at31August 2020||2,024,402|14,771,824|16,796,226|