## |||Page| |---|---|---| |Governors'
report and|strategic report|1-13| |Independent
auditors'|report|14-16| |Statement offinancial|activities|17| |Balance sheet||18| |Cash flow statement||19| |Accounting
policies||20- 22| |Notes to the financial|statements|23-32| ## ## ## ## |Principal|ofthe Schools|ofthe Schools|at Somerhill|and|Mr D 8 Sinclair|||| |---|---|---|---|---|---|---|---|---| |Head ofYardley Court||||||||| |Head ofDerwent||Lodge|||Mrs H M Hoffmann|||| |Head ofSomerhill||Pre-Prep|||Mrs K McLauchlan|||| |Vice Principal|||||Mr R M Raistrick|||| |Business|Iylanager||||Mrs C Morey (appointed|||7 October 2019)| |Address|and registered||office||Somerhill|||| ||||||Tonbridge|||| ||||||Kent|||| ||||||TN11 ONJ|||| |Solicitors|||||Veale Wasbrough|Vizards||| ||||||Orchard
Court|||| ||||||Orchard
Lane|||| ||||||Bristol|||| ||||||8515WS|||| |Auditors|||||Saffery Champness|LLP||| ||||||?1Queen Victoria|Street||| ||||||London|||| ||||||EC4V4BE|||| |Insurance|brokers||||Towergate
Risk Solutions|||| ||||||Towergate
House|||| ||||||Chaucer Business|Park||| ||||||Thanet Way|||| ||||||Whitstable|||| ||||||Kent|||| ||||||CT5 3FE|||| |Bankers|||||Barclays Bank pic|||| ||||||105 High Street|||| ||||||Tonbridge|||| ||||||Kent|||| ||||||TN9 1DJ|||| ||||||National
Westminster||Bank Pic|| ||||||130 High Street|||| ||||||Tonbridge|||| ||||||Kent|||| ||||||TNO 1DE|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---|---| |||||||Funds|Funds|2020|2019| ||||||Notes|f|f|f|f| |Income and endowments|||from:||||||| |Charitable
activities|||||||||| |School fees receivable||||||6,786,759||6,786,759|7,474,225| |Ancillary trading|income|||||251,995||251,995|499,016| |Government
grants —coronavirus|||||||283,836|283,836|| |job retention
scheme|||||||||| |Other trading activities|||||||||| |Lettings income||||||59,611||59,611|68,874| |Investments||||||15,033||15,033|22,289| |Donations||||||3,928||3,928|19,815| |Other income|||||||||3,500| |Total income||||||7,117,326|283,836|7,401,162|8,087,719| |Expenditure
on:|||||||||| |Raising funds|||||||||| |Financing costs||||||14,075||14,075|12,660| |Fundraising
and|development|||||34,368||34,368|78,031| |Total deductible|costs|||||48,443||48,443|90,691| |Charitable
activities|||||||||| |Education||||||7,080,576|283,836|7,364,412|7,699,006| |Total expenditure||||||7,129,019|283,836|7,412,855|7,789,697| |Net income and|net movement|||in|||||| |funds||||||(11,693)||(11,693)|298,022| |Fund balances brought||forward at|||||||| |1September 2019||||||20,251,894||20,251,894|19,953,872| |Fund balances carried forward at|||||||||| |31August 2020||||||20,240,201||20,240,201|20,251,894| ## ||||2020||2019|| |---|---|---|---|---|---|---| |||Notes||||| |Fixed assets||||||| |Tangible fixed assets||||||| |Freehold
land and building||||15,640,541||15,870,143| |Fixtures, fittings and|equipment|||632,655||605,191| |Motor vehicles||||61,272||38,080| |||||16,334,468||16,513,414| |Investments||||100||100| |||||16,334,568||16,513,514| |Current assets||||||| |Debtors||10|2,296,565||2,174,534|| |Cash and bank and in hand|||5,104,080||5,387,727|| ||||7,400,645||7,562,261|| |Creditors: amounts|falling due|||||| |within one year||11|(3,418,203)||(3,554,132)|| |Net current assets||||3,982,442||4,008,129| |Total assets less current||||||| |liabilities||||20,317,010||20,521,643| |Creditors: amounts|falling due|||||| |after more than one year||12||(76,809)||(269,749)| |Net assets||||20,240,201||20,251,894| |Reserves||||||| |Unrestricted
funds||14||20,240,201||20,251,894| |Total funds||||20,240,201||20,251,894| ## ||||Note||2020|2020|2019|| |---|---|---|---|---|---|---|---|---| ||||||f||f|| |Cash flows from operating|activities|||||||| |Net cash provided
by operating||||||||| |activities||||||167,990||1,107,454| |Cash flows from investing
activities||||||||| |Payments
for tangible fixed|assets|||(203,673)|||(473,468)|| |Proceeds on sale oftangible|fixed||||||3,500|| |assets||||||||| |Interest received||||15,033|||22,289|| |Net cash used in investing|activities|||||(188,640)||(447,679)| |Net cash inflow before financing||||||(20,650)||659,775| |Cash flows from financing
activities:||||||||| |Fees in advance scheme||||||||| |New fees in advance
money||||50,088|||578,654|| |Amounts
utilised||||(313,085)|||(336,629)|| |Net cash (used in)/ provided
by||||||||| |financing
activities||||||(262,997)||242,025| |Change
in cash and cash||||||||| |equivalents
in the reporting|period|||||(283,647)||901,800| |Cash and cash equivalents
at the||||||||| |beginning
ofthe reporting
period||||||5,387,727||4,485,927| |Cash and cash equivalents|at the|||||||| |end ofthe reporting
period|||16|||5,104,080||5,387,727| |Note A- Reconciliation
ofnet income|||to net|cash provided|by|operating
activities||| |||||||2020||2019| |||||||f||f| |Net income for the reporting
period||||||(11,693)||298,022| |Adjustments
for:||||||||| |Depreciation
charges||||||467,473||424,015| |Profit on sale of fixed assets||||||||(3,500)| |Interest receivable||||||(15,033)||(22,289)| |(Increase)/ decrease
in debtors||||||(122,031)||195,503| |(Decrease) / increase
in creditors||||||(150,726)||215,703| |Net cash provided
by operating||activities||||167,990||1,107,454| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |School fees receivable|School fees receivable|School fees receivable||||||| |---|---|---|---|---|---|---|---|---| ||||||||2020|2019| ||||||||f|f| |Fees|||||||7,345,143|7,947,464| |Less:||||||||| |Scholarships,||assisted places and fee discounts|||||(558,384)|(473,239)| ||||||||6,786,759|7,474,225| |The above awards were|||all|made to individuals.|||These include tuition
scholarships,|discretionary| |awards, assisted places and||||sibling|discounts|made to 227 (2019:232) individuals.||| |Ancillary
trading income||||||||| ||||||||2020|2019| ||||||||f|f| |Income from||fundraising|events||||40,120|83,681| |Other educational
income||||||||| |Extras|||||||201,125|404,135| |Entrance|and registration|||fees|||10,750|11,200| ||||||||251,995|499,016| |Expenditure||||||||| ||||||||2020|2019| ||||||||f|f| |Expenditure||includes:||||||| |Depreciation||—owned assets|||||467,473|424,015| |Operating|lease rentals||—equipment||||71,788|104,682| |Auditor's
remuneration|||(excl VAT) - for audit||||11,100|10,950| ||||||-other services
2,525|||3,383| |Staff costs||||||||| ||||||||2020|2019| ||||||||f|f| |M/ages and|salaries||||||3,902,745|3,973,498| |Social security costs|||||||373,051|381,842| |Pension contributions|||||||674,572|482,633| ||||||||4,950,368|4,837,973| ## ## ## ## ## ## |urrent year analysis|||||| |---|---|---|---|---|---| ||Staff costs|Other|Depreciation|2020|2019| |||||Total|Total| |||||f|f| |Raising funds|||||| |Financing costs||14,075||14,075|12,660| |Fundraising
events||34,368||34,368|78,031| |||48,443||48,443|90,691| |Charitable
activities|||||| |Teaching costs|3,895,863|284,836|229,825|4,410,524|4,549,367| |Welfare costs||328,156||328,156|443,334| |Premises costs|333,375|965,224|237,648|1,536,247|339,047| |Support costs (Note 6)|721,130|351,532||1,072,662|1,071,712| |Governance
costs (Note 7)||16,823||16,823|16,258| ||4,950,368|1,946,571|467,473|7,364,412|7,699,006| |Total expenditure|4,950,368|1,995,014|467,473|7,412,855|7,789,697| ## ## ## |||Staff costs|Staff costs|Other|Depreciation|2019|| |---|---|---|---|---|---|---|---| |||||||Total|| |||||f|f|f|| |Raising funds|||||||| |Financing costs||||12,660||12,660|| |Fundraising
events||||78,031||78,031|| |||||90,691||90,691|| |Charitable
activities|||||||| |Teaching costs||3,811,034||551,965|186,368|4,549,367|| |Welfare costs||||443,334||443,334|| |Premises costs|||330,693|1,049,995|237,647|1,618,355|| |Support costs (Note 6)|||696,246|375,466||1,071,712|| |Governance
costs (Note|7)|||16,258||16,258|| |||4,837,973||2,437,018|424,015|7,699,006|| |Total expenditure||4,837,973||2,527,709|424,015|7,789,697|| |Support costs|||||||| |||||||2020|2019| |||||||f|f| |Staff costs||||||721,130|696,246| |Other expenses||||||339,529|241,924| |Travel expenses||||||1,286|55,734| |Legal and professional||fees||||44,788|41,515| |Movement
in provision||against|debts|||{34,071)|36,293| |||||||1,072,662|1,071,712| |Governance
costs|||||||| |||||||2020|2019| |||||||f|f| |Audit and statutory|accounts fee|||||13,625|13,230| |Teachers'
pension scheme audit|||fee|||2,100|1,135| |Governors'
indemnity||insurance||||1,098|1,893| |||||||16,823|16,258| ## ## ## |angible fixed assets|||||| |---|---|---|---|---|---| ||School|Other|Equipment|Motor|Total| ||freehold|freehold|fixtures|vehicles|| ||land and|land and|and fittings||| ||buildings|buildings|||| |||E|||| |Cost or valuation|||||| |1September 2019|13,418,642|3,342,000|1,073,419|118,441|17,952,502| |Additions|8,046||250,547|29,934|288,527| |Disposais|||(47,423)||(47,423)| |31August 2020|13,426,688|3,342,000|1,276,543|148,375|18,193,606| |Depreciation|||||| |1September
2019|872,987|17,512|468,228|80,361|1,439,088| |Charge for the year|228,892|8,756|223,083|6,742|467,473| |Disposais|||(47,423)||(47,423)| |31August 2020|1,101,879|26,268|643,888|87,103|1,859,138| |Net book values|||||| |31August 2020|12,324,809|3,315,732|632,655|61,272|16,334,468| |31August 2019|12,545,655|3,324,488|605,191|38,080|16,513,414| ## ## ||Fixed asset inv|estments||||||||| |---|---|---|---|---|---|---|---|---|---|---| |||||||||||Shares| |||||||||||f| ||Investment
in|subsidiary
company||||||||100| ||Cost and net|book value||||||||| ||At 1September 2019||and 31August||2020|||||100| ||In the opinion|of the|Governors|the aggregate|||value of the|School's
investment||in subsidiary| ||undertakings
is not less than the amount
included||||||in the balance sheet.|||| ||The School holds more||than 10%ofthe share|||capital ofthe following
company:||||| ||Subsidiary
undertaking||||Country|of|registration|Class||Shares held| ||||||or incorporation|||||| ||Somerhill
Enterprises||Limited||England|and Wales||Ordinary||100| ||The aggregate|amount|ofcapital and||reserves and||the result ofthis undertaking||for|the year ended| ||31August 2020 was as||follows:|||||||| |||||||||Capital
and||Result for| |||||||||reserves
f||the year
f| ||Somerhill
Enterprises||Limited||Dormant|||100||| |10.|Debtors|||||||||| |||||||||2020||2019| |||||||||f||f| ||Trade debtors|||||||2,028,754||1,994,628| ||Other debtors|||||||67,881||4,177| ||Prepayments|and accrued income||||||199,930||175,729| |||||||||2,296,565||2,174,534| ## ## ## |Creditors:|Amounts
falling due|within one year||| |---|---|---|---|---| ||||2020|2019| |Trade creditors|||335,806|291,438| |Other taxation and social security costs|||120,674|94,094| |Accruals|||92,643|227,629| |Deferred|income||2,404,958|2,448,628| |Advance|fees||186,589|256,646| |Other creditors|||277,433|235,596| |Amounts|payable to subsidiary|company|100|100| ||||3,418,203|3,554,132| ## ## |Fees paid|in advan|ce|are analysed|as follows:||| |---|---|---|---|---|---|---| ||||||2020|2019| ||||||f|f| |Balance|at 1September 2019||||526,394|284,369| |New amounts
paid|||||50,088|578,654| ||||||576,482|863,023| |Amounts|utilised|in|the payments|offees|(313,084)|(336,629)| |Balance|at 31August 2020||||263,398|526,394| |Creditors:|Amounts||falling due after more than one year|||| ||||||2020|2019| ||||||f|f| |Fees in advance|||||76,809|269,749| ## ## |At31August 2020the|School was committed|School was committed|School was committed|School was committed|to make minimum|lease payments|in respect of non-| |---|---|---|---|---|---|---|---| |cancellable
operating|leases|as follows.|||||| |||||||2020|2019| |||||||f|f| |Amounts
payable:|||||||| |Within one year||||||40,541|45,627| |In two to five years||||||84,571|68,325| |Total commitment||||||125,112|113,952| |All leases relate to amounts||payable|in|respect of equipment.|||| |Statement offunds|||||||| |Current year|||||||| |||Restricted|||Designated|Unrestricted|Total| |||||f|property
f|general
f|| |At 1September 2019|||||12,545,655|7,706,239|20,251,894| |Surplus/(deficit)
for|year||||(220,846)|209,153|(11,693)| |At 31August 2020|||||12,324,809|7,915,392|20,240,201| |Prior year|||||||| |||Restricted|||Designated|Unrestricted|Total| |||||f|property
f|general
f|| |At 1September 2018|||||12,701,239|7,252,633|19,953,872| |Surplus/(deficit)
for|year||||(155,584)|453,606|298,022| |At 31August 2019|||||12,545,655|7,706,239|20,251,894| ## ## ## |15.|Analysis of|assets between|funds|||||| |---|---|---|---|---|---|---|---|---| |15.1|Current year|||||||| ||||Tangible|Investments|Net|current|Non-current|Total| ||||fixed|||assets/|liabilities|| ||||assets||(liabilities)|||| ||||f|||f||| ||Unrestricted|funds||||||| ||General||4,009,659|100||3,982,442|(76,809)|7,915,392| ||Designated|fund - property|12,324,809|||||12,324,809| ||||16,334,468|100||3,982,442|(76,809)|20,240,201| |15.2|Prior year|||||||| ||||Tangible|investments|Net|current|Non-current|Total| ||||fixed|||assets/|liabilities|| ||||assets||(liabilities)|||| ||||f|||f||| ||Unrestricted|funds||||||| ||General||3,967,759|100||4,008,129|(269,749)|7,706,239| ||Designated|fund - property|12,545,655|||||12,545,655| ||||16,513,414|100||4,008,129|(269,749)|20,251,894| |16.|Net funds|||||||| |16.1|Current year|||||||| |||||At start|of||Cash—|At end of| |||||year
f|||flows
f|year
f| ||Cash|||5,387,727|||{283,647)|5,104,080| |16.2|Prior year|||||||| |||||At start|of||Cash—|At end of| |||||year
f|||flows
f|year
f| ||Cash|||4,485,927|||901,800|5,387,727| ## ## ## ## ## ## ## ## |Prior year Statement|of|of|Financial Activities|Financial Activities|||| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total| ||||||Funds|Funds|2019| ||||||f|f|f| |Income and endowments|||from:||||| |Charitable
activities|||||||| |School fees receivable|||||7,474,225||7,474,225| |Ancillary trading
income|||||499,016||499,016| |Other trading activities|||||||| |Non-ancillary
trading|income||||68,874||68,874| |Investments|||||22,289||22,289| |Donations|||||7,584|12,231|19,815| |Other income|||||3,500||3,500| |Total income|||||8,075,488|12,231|8,087,719| |Expenditure
on:|||||||| |Raising funds|||||||| |Financing costs|||||12,660||12,660| |Fundraising
and development|||||78,031||78,031| |Total deductible
costs|||||90,691||90,691| |Charitable
activities|||||||| |Education|||||7,686,775|12,231|7,699,006| |Total expenditure|||||7,777,466|12,231|7,789,697| |Net income and net movement||||in funds|298,022||298,022| |Fund balances brought||forward||at|||| |1September 2018|||||19,953,872||19,953,872| |Fund balances carried|forward|||at|||| |31August 2019|||||20,251,894||20,251,894| ## ## ## ##