2021-08-31-accounts - Alderley Edge School For Girls

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	CO~S
		Page
School information
Governors' Report and	Strategic Report
Statement ofGovernors'	responsibilities
Independent Auditors'	report to the Governors'	10
Consolidated Statement	offinancial activities	14
Company Statement of	financial activities	15
Consolidated balance sheet		16
Company balance sheet		17
Consolidated cash flow	statement	18
Accounting policies		20
Notes tothe accounts		23

		Restricted	Endowed	Unrestricted	Total	Total
INCOMING RESOURCES	Note	Fundsf	Fundsf	Fundsf	2021	2020f
Charitable activities
School fees Other ancillary income	tb 1C			4,856,614 23+60	4,856,614 23,46o	5,030,683 29,565
Other trading activities
Activities for generating funds Other adivities Government grant income	la	709		69 193 58,82g 23 104	69,902 58,82g 23,104	111,689 129739 71507
Investments
Investment income						3149
TOTAL INCOMING
RESOURCES		709		5,031,979	5,032,688	5476,331
EXPENDITURE
Raising funds
Trading costs ofthe subsidiary Fundraising costs Financing costs				67&54 849 3,o76	67,454 849 3,o76	61,205 7505 3541
				71379	71379	72,251
Charitable activities—
School operating costs
Teaching costs Welfare Premises Support and governance		709		3,391,646 416,8o8 571051 777647	3,392,355 416,8o8 571o51 777,647	3,608,813 373,117 558,747 887&80
		709		5,157,152	5,157,861	5+28,157
TOTAL RESOURCES
EXPENDED		709		5,228,531	5,229,240	5,500,408
Fund Balances
At 1September 2020 Net Outgoing Resources Transfers between Funds		190,080 (+0,70o)	29,945 314	6,184,670 (196+52) 150,386	6,404,695 (196,552)	6,528,772 (124,077)
FUND BALANCES
AT 31AUGUST 2021		39,38o	30,259	6,138,504	6,208,143	6,404,695

		Restricted	Endowed	Unrestricted	Total	Total
INCOMING RESOURCES	Note	Funds	Fundsf	Fundsf	2021f	2020f
Charitable activities
School fees Other ancillary income	tb 1C			4,856,614 23,460	4,856,614 23,460	5,030,683 29,565
Other trading activities
Activities for generating funds Other activities Government grant income	1a rd	709		8,859 62,229 23,104	9,568 62,229 23,104	47,o85 137,918 71407
Investments
Investment income						3149
TOTAL INCOMING
RESOURCES		709		4975045	4 975754	5819907
EXPENDITURE
Raising funds
Fundraising costs Financing costs				849 S,o76	849 3,076	7505 3541
				3925	3925	11,046
Charitable activities-
Sehool operating costs
Teaching costs Welfare Premises Support and governance		709		3,39»646 416,8os 57»051 777,647	3392355 416,8os 571051 777,647	3,608,813 373,117 558,747 887,48o
		709		5 157 152	5,157,861	5,428,»57
TOTAL RESOURCES
EXPENDED		709		5,161,077	5,161,786	5,439,203
Fund Balances
At 1September 2020 Net Outgoing Resources Transfers between Funds		190,080 (»50,70o)	29945	6,177,400 (186,032) 150,386	6497,425 (186,032)	6,516,720 (119,295)
FUND BALANCES
AT 31AUGUST 2021		39,380	30,259	6,141,754	6,211,393	6,397,425

Company Registration	No: 265	9703
			2021	2020
		Note
FIXEDASSETS
Tangible fixed assets			6&221,829	6,273,050
CURRENT ASSETS
Stock —Finished goods Debtors Cash atbank and in hand		9	129,581 264,528 660&913	48,999 380,532 629,645
			1&055,022	1,059,176
CREDITORS: Amounts	falling
due
within one year		10	(1,068,708)	(927531)
NET CURRENT ASSETS TOTAL ASSETSLESSC~ LIAB~			(13,686) 6,208&143	131,645 6,404,695
TOTAL NETASSETS			6&208,143	6,404,695
Unrestricted funds:
~ General funds		lla	6,138,504	5,634,67o
~ Designated funds		lib		550,000
Restricted funds Endowed funds		11C lid	39,380 30&259	190,080 29&945
			6&208&143	6,404,695

Company Registration	No: 2659	703
		Note	f	2021	2020
FIXEDASSETS
Tangible fixed assets				6&221&829	6,273,050
CURRENT ASSETS
Debtors Cash atbank and in hand Stocks		9	331,766 650,791 7&951		436,099 602,421 7&070
			990,508		1&045&590
CREDITORS: Amounts	falling
due within one year
			(1&000 &944)		(921&215l
NET CURRENT ASSETS TOTAL ASSETSLESSC~ LIABILITIES				(10,436) 6&211,393	124&375 6,397,425
TOTAL NETASSETS				6&211,393	6,397,425
Unrestricted funds:
~ General funds ~ Designated funds		lla llb		6141754	5,627,400 550,000
Restricted funds Endowed funds		11C lid		39,380 30&259	190&080 29&945
				6&211,393	6,397,425

for the year ended 31August 2021
	Note	2021		2020
NET CASH (OUTFLOW) FROM
OPERATIONS			234,188	(175448)
CASH FLOWS FROM INVESTING
ACIIVIIIES
Interest received Interest paid Payments to acquire tangible fixed assets		779 (2o3,699)		3149 (6o8) (108,570)
NET CASH USED BYINVESTING
ACIIVII'IES			(2021920)	(106,029)
CASH FLOWS FROM FINANCING
ACIIVII'IES
Loan repayments made				(23,369)
CHANGE IN CASH AND CASH
EQUIVALENTS INTHEYEAR			311268	(3o4,846)
CASH AND CASH EQUIVALENTS
AT START OFTHE PERIOD			629,645	934~491
CASH AND CASH EQUIVALENTS
ATTHE END OFTHE PERIOD	b		660,913	629,645

	2021	2020
Net (outgoing) resources Depreciation	(196,552) 254&920	(124077) 257076
Interest receivable Interest payable	(779)	(3&149) 6o8
Increase/(decrease) in stock (Increase)/decrease in debtors Increase/(decrease) in creditors	(8o,582) 116,004 141&177	4,308 (161,46o) (148,754)
Net cash inflow (outflow) from operating activities	234,188	(175,448)

Depreciation is provided i useful lives atthe following	n order to write off rates:	each asset, l
Buildings	296	straight line
Building improvements	296	straight line
Plant and equipment	2o96	straight line
Fixtures and fittings	2o96	straight line
Computer equipment	2o96 - 33'/196	straight line

A~S FOR GENERATING	FUNDS	FUNDS
	Consolidated		School
	2021	2020f	2021f	2020
Fundraising Trading income Hire ofSchool premises	2,420 60,334 7,148	42,298 64,6o4 4,787	2&420 7,148	42,298 4,787
	69,902	111,689	9,568	47,085

HOOL FEES
	2021	2020
Fees receivable consist of:
Gross fees Less: Bursaries, grants and allowances	5,476,419 (619&805l	5,685,339 (654,656l
	4,856,614	5,030,683

	2021f	2020 F
Catering receipts Other ancillary income	4,698 18,762	11&359 18&206
	23,460	29&565

		2021	2020f
Furlough	grant income	19&934	71507
Other grants receivable		3&170
		23&104	71&507

		2021 E	2020 f
Net outgoing resources	are stated after charging:
Charitable expenditure	includes:
Depreciation		254&921	257076
Operating leases/rentals		10,200	10&200
Governance costs include:
Auditors' remuneration		13,686	9&472
Staffcosts comprise:
Wages and salaries Social security costs Pension costs		2,978&894 283,385 522,446	3,152&844 302,775 538,533
		3 784&725	3994&152

	2021	2020
	No	No
Teaching staff	63	65
Premises and grounds	3	3
Administration	17	19
Other	31	33
	114	120

The average numbers employed by the school equivalent basis was:	during the year calculated on a fu	ll-time
	2021	2020
	No	No
Teaching staff	50	53
Premises and grounds	3	3
Administration	14	13
Other	16	19
	83	88

	2021	2020
The number ofemployees whose income exceeded f6o,ooo was: f90&oolto f100,000 f80,00110f90,000 f60,001tof70,000	No	No

		Other	Depreciation	Total	Total
				2021 f	2020 f
COSTS OF
GATING FUNDS
Trading costs ofthe
subsidiary Fundraising costs Financing costs	14&991	52,463 849 S,o76		67,454 849 3,076	61,2o5 7,505 3,541
	14991	56,388		71379	72,251
C~ABLE
ACIIYPHES —SCHOOL
OPERATING COSTS
Teaching costs Welfare Premises Support and governance	3,154,266 51&452 100&956 463,060	172&139 354,984 305437 300,647	65,95o 10&372 164,658 13&940	3&392355 416,8o8 571&051 777,647	3,608,813 373&117 558,747 887,48o
	3,769,734	1,133,207	254&920	5,157,861	5,428,157
TOTAL	3,784,725	1,189,595	254&920	5,229,240	5,500&408

Support and governance costs maybe split as follow	s:
	2021 f	2020
StaffCosts Marketing Recruitment and Training Legal, Professional and other Fees Depreciation Stationery, postage and telephone Insurances Bad Debt Written Oi'f Computing Costs Sundry other Costs Audit and Accountancy Headteacher Recruitment	463&060 75&740 23,762 26&209 13&940 40 770 46 244 28,755 3,661 36&020 13,686 ~00	467,563 161,113 35&755 44,65o 2o,766 38,681 31,466 529 4,652 38,6o7 9472
TOTAL
FINANCING COSTS
	2021	2020f
Interest on site purchase loan		6o8
Bank charges	S,o76	2 933
	S,o76	3&541

2021	2020 f
	3149


Consolidated and School			Fixtures,
	Freehold		fittings gr
	land gr	Plant and	computer
	buildingsf	equipment	equipment f	Totalf
Cost
As at 1September 2020 Additions Disposals	7567421 109&239	379,682 5,984	1,360,685 88,476	9,3o7,788 203,699
As at31August 2021	7,676,66o	385,666	1,449,161	9,511,487
Depreciation
As at 1September 2020 Charge for the year Charge on Disposals	1,565,373 154,316	31o,887 23,221	1,158,478 77,383	3,034,738 254 920
As at 31August 2021	1,719&689	334&108	1,235,861	3,289,658
Net BookValue
As at 31August 2021	5,956,971	51,558	213&300	6,221,829
As at 31August 2oao	6,002,048	68,795	202&207	6&273,050

i)Profit and Loss	account for the period to31August	2021
		2021 f	2020
Turnover Cost ofsales		60,334 (45,482)	64,6o4 (47,628)
Gross profit Administrative	expenses	14,852 (21,972)	16,976 (13,S77)
Operating surplus Gift aid payment toAESG		(7,120) (3&399)	3&399 (8,179)
Retained surplus		(10&519)	(4,78o)
ii) Balance Sheet at 31August 2o21
		2021f	2020
Stock		121,633	41&931
Debtors Bank and cash		S,o54 10,122	1,756 27,224
Net current assets		139&809	70&911
Creditors		(143,056)	(63,639)
Net current assets		(3,247)
Net assets		(3,247)
Share capital		1	1
Retained profits		(3,248)	7,271
		(3,247)	7&272

				Consolidated		School
				2021	2020	2021	2020
				8	8
Feedebtors Less: Baddebt			provision	179,894 (17,869)	264377 (27,147)	171,840 (17,869)	262,621 (27,147)
				162&025	237&230	153971	235474
Prepayments		and accrued income		102,503	143&302	102&503	143&302
Amounts	owed by AESG
Developments			Limited			75&292	57323
				264,528	380,532	331&766	436,099

CREDITORS: Amounts falli	ng due	within one year	within one year
		Consolidated		School
		2021	2020f	2021f	2020 f
Trade Creditors Accruals and deferred income Other creditors Other taxes and social security	costs	293&912 27,299 673,640 73,857	221,043 84,775 551,577 70,136	228,648 27299 671,140 73,857	218,108 84,775 548,196 70»36
		1,068,708	927&531	1&000,944	921&215
Deferred Income transactions	are as follows:
				2021	2020 f
Deferred Income as at 1September 2020				5»99	8,129
Released from Prior Year Deferred in the Year			(5»99) ~8		(8»29l
Deferred Income as at31August 2o21

ALLOCATION OFTHE CHARITY NETASSETS	ALLOCATION OFTHE CHARITY NETASSETS	ALLOCATION OFTHE CHARITY NETASSETS
Consolidated	Tangible	Net	Total
	Fixed	Current	2021
	Assets E	Assets f
The net assets are held for
the various funds as
follows:
Unrestricted funds (lla) Designated funds (rlb)	6,152,190	(13,686)	6,138,504
Restricted funds (lac) Endowed funds (ltd)	39,38o 30&259		39,380 30&259
	6&221,829	(13,686)	6,208,143
School	Tangible	Net	Total
	Fixed	Current	2021
	Assets	Assets
Unrestricted funds (lla)	6,152&190	(10,436)	6,141754
Designated funds (rlb)
Restricted funds (llc) Endowed funds (rld)	39,380 30&259		39,380 30259
	6,221,829	(10,436)	6,211,393
Consolidated	Tangible	Net Current	Total
	Fixed	Assets	2020
	Assets
The net assets are held for
the various funds as
follows:
Unrestricted funds (lla) Designated funds (lib)	5&723052 550&000	(88,382)	5,634,67o 550&000
Restricted funds (llc)		190,080	190,080
Endowed funds (lid)		29&945	29945
	6,273,052	131,643	6,4o4,695

School		Tangible	Net	2020
		Fixed	Current	Total
		Assets	Assets
			E
Unrestricted	funds (rea)	5&723&050	(95,65o)	5,627,4oo
Designated funds (12b) Restricted funds (12c)		550,000	190&080	550,000 190,080
Endowed funds (12d)			29&945	29945
		6,273,050	124,375	6,397,425

NRESTRICTED	FUNDS
		Consolidated		School
		2021	2020	2021	2020
Balance brought	forward 1September
2020		5,634,670	5,796,011	5,627,400	5,783,959
Net movement Transfer from	on fund restricted funds	(196,552) 150,700	(161&043)	(186,032) 150&700	(156&261)
Transfer from designated funds Transfer to endowed funds		550,000 (314)	(298)	550,000 (314)	(298)
Balance carried	forward 31August 2o21	6,138,5o4	5,634,67o	6,141,754	5,627,400

ESIGNATED FUNDS	ESIGNATED FUNDS
Consolidated and School		2021f	2020 f
Balance brought forward	1September 2020	550,000	550,000
Transfer to unrestricted	funds	(55o,ooo)
Balance carried forward	31August 2o21		550,000

	At 1	Incoming	Resources	Transfers	At 31August
	September	resources	expended	between	2021
	2020f		f	fundsf
PAmonies		709	(709)
Millennium appeal	10&344				10344
Merger balances	9&404				9404
Bursary Fund	19,632				19,632
Woodard Schools	Bo,ooo			(8o,ooo)
(Midland Division) Ltd
Library Development	70&700			(70,700)
	190,080	709	(709)	(150,700)	39,380
	At 1	Incoming	Resources	Transfers	At 31August
	September	I'seoul'ca s	expended	between	2020
	2019 f	f	f	fundsf
PAmonies		2,436	(2436)
Millennium appeal	10&344				10344
Merger balances	9&404				9&404
Bursary Fund	19&632				19&632
Woodard Schools	8o,ooo				8o,ooo
(Midland Division) Ltd
Library Development	33&734	36,966			70&700
	153&114	39&402	(2,436)		190&080

At 1	Incoming	Resources	Transfer	At 31August
September	resources	expended	between	2021
2020f			fundsf	f
29&945			314	30~259
At 1	Incoming	Resources	Transfer	At 31August
September	resources	expended	between	2020
2019 f			fundsf
29,647			298	29~945

31August 2o21the future minimum lea re as follows:	se payments under non-cance	llable operat
	2021	2020
Within one year	15~599	18,687
Within two tofive years	44~457	579737
Over five years	656,778	663,863
	716,834	74o,287

FINANCIAL INSTR~8
		2021	2020
		f	f
Financial assets measured at	amortised cost (a)	851&123	924,996
Financial liabiTities measured	at amortised cost (b)	1&066&208	1117&267
Net financial assets measured	at amortised cost	(215,o85)	(192,272)

			Endowed	Unrestricted	Total	Total
INCOMING RESOURCES	Note				2020f	2019f
Charitable activities
School fees Other ancillary income	tb 1C			5,030,683 29865	5,030,683 29465	5,184,097 75907
Other trading activities
Activities for generating funds Other activities Government Grant Income	12	39+02		72,287 129739 71407	111,689 129739 71507	135,661 4S,871
Investments
Investment income				3149	3149	4,673
TOTAL INCOMING
RESOURCES		39 402	0	5/36,929	5,376+31	5,446,209
Raising funds
Trading costs ofthe subsidiary				61,205	61,205	72,169
Fundraising costs				7505	7505	15,875
Financing costs				3841	3541	4724
			0	72,251	72,251	92,768
Charitable activities—
School operating costs
Teachy costs		2,436		3,606877	3,608,813	3,603,166
Welfare				373 117	373 117	44o,748
Premises				SS8,747	558,747	523,207
Support and governance				887,480	887A80	864,911
	3	2,436	0	5425 721	5,428,157	5,432,032
TOTAL RESOURCES
EXPENDED		2,436		5A97972	5~no, 4os	sam, 800
NET INCOMING RESOURCES		36,966		(161,043)	(m4,077)	(78591)
Transfers between funds			298	(298)
Fund balances
At 1September 2019		153»24	29,647	6,346,011	6,528,772	6,607,363
FUND BALANCES
AT 31AUGUST 2020		190,080	29945	6»84,67o	6,404,695	6,528,772

19 COMPANY	SOFA	—COMPA	RATIVE FIGU	RES BYFU	ND TYPE
			Restricted	Endowed	Unrestricted	Total	Total
INCOMING RESOURCES		Note	Funds f	Funds f	Fundsf	2020	2019f
Charitable activities
School fees Other ancillary income		rb 1C			5,030,683 29865	5,030,683 29,565	5,184,097 75907
Other trading activities
Activities for generating Other activities Government Grants	funds	ra	39,4o2		7,683 137,918 71507	47,o85 137,918 71507	55313 49293
Investments
Investment income					3149	3149	4,673
TOTAL INCOMING
RESOURCES			39402	0	5,280,505	5,319,907	5,369,283
EXPENDITURE
Raising funds
Fundraising costs Financing costs					7405 3541	7405 3541	15,875 4724
				0	11,046	11,046	20,599
Charitable activities—
School operating costs
Teaching costs Welfare Premises Support and governance			2~36		3,606,377 373117 558,747 887@80	3,608,813 373 117 558,747 887A80	3,603,166 44o,748 523,207 864,911
		3	2,436		5425 721	5,428,157	5,432,032
TOTAL RESOURCES ~ED			2,436		5,436,767	5439 203	5,452,631
NET INCOMING RESOURCES Transfers between funds			36,966	298	(156,262) (298)	(rr9 295)	(83848)
At 1September 2019			153114	29,647	6833,959	6,516,720	6,6oo,o68
FUND BALANCES
AT 31AUGUST 2020			190,080	29,945	6,177,400	6,397,425	6,516,720