Newbridge Preparatory School Limited Financial Statements Year Ended 31 August 2021 Chanty registration number.. 1019682 Company registration number= 414993 Newbridge Preparatory School Limit Financlal Ststsments Year Ended 31 August 2021 Contsnts Pago Charity Ref8rence and Administrative Details Notice of the Annual General Meeting Chairman's statement Trustees, Annual Report {Including Directors, Report) Independent Auditor Report statement of Financial Aclivthes (Including IncAm& and EX￿ndrturfr Account} Balance Sheet 4-11 12-15 16 17 Statement of Cash Flows 18 Notes to the Financial Statements 19-32 Detailed Incom& and Expenditure Account 33-34 Newbridge Preparatory School Limited Financial Statemènts Year Ended 31 August 2021 Charlty reglstratlon number 1019682 Company roglstratlon number 414993 Tru8tee8 H M Hughes {Chairman) J A Hollingsworth G J Birkett P M Timmins K K Bhambra Drc V Watkins S•¢rotsry J A Hollingsworth Headml8trn•8 Mr8 S Fisher Rog18tor•d offi¢0 S1 Newbiidge Cffjscent Wolverhampton West Midlands I￿6 OLH Audltor LaW￿n Bradford Chartered Certifiad Attountsnts and Statutory Auditors 7 Marconi Gate Staffordshire Technology Park Stsfford ST18 OFZ Solleltor FPC Manby Bowdler LLP George House St John's Squa Wolverhampton I￿2 4BZ Barclays Bank PLC Queen Square Wolverhampton 110S Bank•r8 Newbridge Preparatory School Limited Notice of Meeting Nolir£ is he￿bY gNen that the Annual General MeetiThJ of the ¢off4>any will be held at rts registered offic8 on .&?.1.3.l.az....... .. pm for the folknmng purp)ses: To ￿eNe the DI￿torS ReFQrt and Statement ofA￿unts for the year ended 31 August 2021. To re-e18Ct directors. To appoint auditors and authorise the dire¢tys to agree their remuneration. To transxt any other busyw whth property b& transacted at an Annual Goneral Meetsng. Any memb8r of the company èntitw to attend arKI vote may appoint a proxy (who noed not be a mmb8rl to attend and vote on his behall. By ord8r ofthe Board J A Hollingworth REH LDERS The fomwl r￿tice conceming our Annual General Meeb'r4J is gNen above. As in previous years, the direclois will be pleased to welco￿￿ wives and husbands of shareholders. They will bè able lo take part in any discussions buL of Course. have no voting powers. H M Hughes Chairman Newbridge Preparatory School Limited Chalrman's Statement Year Ended 31 August 2021 I hereby present my report and the accounts for the year end&1 31S1 August 2021. We have had another good year despite ongoing difficulties caused by the ongoing Covid-19 pandemic. We have maintained good pupil numbers and have continued to provide our usual high staThYard$ of teaching using remote leaming when necessary. The school prides itself on providing excellent academic prcvision for all pupils regardless of their level of ability. Those of higher abilities are challenged to rea¢h th¥r fvll potential and those with lower levels are nurtured and encouraged to do likewise. I pay tribute to all the staff who Challenge, support and assist all pupils as necessary. Our Year Six gids had an outstanding year in relation to admission to senior schools despite the disruption to educational provision caused by the pandemic. We have seen some necessary reductions in our usual wide ranging provision of extra4urricular activities in particular off site and residential visits bul hope these can SOC￿ resume. In what has beeft a very difficult and challenglng tlme in the second half of 2021, we have had outslandlng support from loyal parents who CO￿ wrth remte kaming an.J kindly complimented staff on the efforts made In that regard. I thank our Headmistress, Mrs Sarah Fisher for the enoM￿U$ afforts she has made to allow Children to return lo school when we re-opened safely and securely. Her vision and leadership have once again been exemplary throughout the yèar. I would also like to thank all staff for -.heir hard work and dèdication to the children e$peclalty In the second half of the year. Flnally, l express my gratefijl thanks to my fellow Directors tsr their help, support and wise courtrsel. As a board we are able to provide a wide range of sknlls and experience which help us to oversee and tske pride in the life of the school. Helen M Hughe8 Chairman Newbridge Preparatory School Limited Trustses, Annual Report Ilncluding Directors. Report) Year Ended 31 August 2021 The Trustees present their report and the audited financial statements of the charty for the year ended 31 August 2021. The tnjstees have adopted the provisions of the Ststement of Recommended Praclice ISORPI 'Accounling and Reporting by Charities. IFRS 1021 in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordan￿ wf(h the accounting policies Set out in notes to the accounts and comply with the charity's goveming dccument. the Charities Act 2011, the Companies Act 2006 and Accounting and ReF)Orting by Charities.. Stslement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicabl& in th& UK and Republi¢ of Ireland, effectivfr 1 January 2019. Trustee8 of the chorlty The directors of the charitable company ar8 its trustees for the pur[M￿ of charty law. Th8 trustees who hava served during the year and since the year end were as follows.. H M Hughe$ (Chairman) J A Hollingsworth G J Birkett P M Timmins K K Bhambra Dr C V Watkins H M Hughes. J A Hollingsworth and P M Timmins retire by rotation and b8ing eligible offor themselves for re-election. The method of appoinbng new Directors consists of In￿￿1 nominabons mado by current Directors. In accordance wrth the MemorarKlum and Artic￿ of Asscthition. nominatwis are present￿ to n￿rnberS for ratsffication at the AGM. Th8 interests of the directors in Ihe shares of the company both at th8 beginning and end of the year was as follows.. Ordinary shares of £10 eath 31* August 2021 31￿ August 2020 H M Hughes In accordance wilh the Merrwandum and AJtic* of Asscciation, no porth)n of the or propety of the company shall be paid out or transferred directty or indirecuy. by way of dNidend, tKJnus or otherwise howsoever by way of profit, to the MembeTr of the Company. ObJectlvo8 and activit108 The objects are set out in the Menv)rarKlum of Asscxiation as th8 education of girls up to the aje of 11 and boys of Pfe-nursery age up to the age of 7. In a￿dance wth the Memorandum, Newbridge Preparatory School is day school for girt5 edLKating them lo a hyh stsndard so enabling them lo be ablè to nY)ve lo a senior school and a day school for boys up to the age of seven enabling them to be able to ffthie to a junior school. StraloglG Alm and Intended Effoct The School's strategic aim to reach its annual objective is the attainment of the highest academic leve15 whilst allowing pupils to benefft from our extra11 years and parents appreciate its fiexibility and its competttsve wong. During the National L¢xk tknvn Period from March 2020, the school provided child care for children of key w￿. free ofcharge. Many wcKk experience placernents have been proV￿d for pupils from local senior schools during the yearto give them experience in the wcyk pla￿. The schwl has also supp)rted many students from local training colleges and universty sbjdent placements. These were not F%)SsIb￿ this year to the enforced ck)sure of the school due to COVOD-19. Numerous don8b'on$ have been made by the Schod to thal and nab'onal ch8ritie$', including Wear il Pink Donat￿, Fam Africa Day, Children in Need. &'mingham Chikjren Hosijtsl, Red Nose Day, Ronald MacDonald House and Crohn's Researth. Operatlonal perfomian¢e of the School The majority of cNJr leavers went on to their chosen sentor *hcol. xhievemenl has t*en gready helped by the high qualty of leaching staff we empby- As a 'prep' school our role is to create choices al 11 plus, and 2020-2021 was no exception with 11 girls ¢￿atIng 28 school offers and 5 scholarship offers. Eight of the eleven girls also gained places to state funded selective grammar schools. Newbridge Preparatory School Limited Trustees, Annual Report (Including Directors. Report) Year Ended 31 August 2021 The Regulatory Complianc• Inspection of Newbridge Preparatory S¢hool took place in February 2019. The school was fully compliant in all eight parts of The Education Ilndependent School Standards} Regulations 2014 and the Early Years Foundation Stage Statutory Framework. The Integrated Inspection. which look place in January 2016, 1$ sbll valid as our Quality InspeCt￿Th for a further three years or until our next inspection if sconer. Our 2016 ￿port is also available to read at vMw.isi.ne schoollnewbrid arato -school-6725. Achlovomonts and pfrrfomunce Ilncluding prlnclpal rlsks •nd uncertalnti08, d•volopmont and perfomiance •nd kfry p•rforn)anco Indlcatorn) See separate Chairman's statement- page 2. ENFORCEO CLOSURE DUE TO COVID-19 Th• COVID-19 Pandernlc led tho enforced clo8ure8 of the whole school or 'bubbl8s' wlthln tho school at varlous tlme8 throughout the year. Durlng these tlmes a full tlmatable of Ilve1988on8 wa• off•rod to the pupll8 romotety. Extra-CuTrlcular A¢tlvltle8 There are a wide variety of extraanise that the level of reserves fluctuates during ￿￿￿1$ of capitsl investr￿n1 in the school and adequate facilities wrth the bank are in place to provKle short term fiJndin9 should tt be required. The School r￿eNeS donations from the Pa￿nts. Staff & Fri8rKls Assorjation. the benefits of whth are reilected in fixed assets and working caprtal. Unrestricted reseNes of£1,523.082 were hely * 31 August 2021. There were no Reslncted R8sefves hekl at 31 Awust 2021 Plan8 for futur• perfod• The Directors intend to contsnue with and d8v8hJp treir pLans to provKle a hyh starKlard of education for all pupils. The School contsnues to devebp a curriculum and expemnce rebvant for all pupils. There has been signifKanl investment in the ICT infrastructure and 1xilrt￿. Major rl8k8 managomont The Board continua to keep the School's activities under review, particularly with regard lo any major risks that may arise from lime lo time as wèll as the systems and prcCedu￿S established to manag8 them. They monitor the effectiveness of th& system of intemal controls and other viable means, including insurance cover where appropriate, by which those risks already identified can best be mitigated. The Work of implementsng tha Health and Safety poli¢ies is carried out by the Health and Safety Committee, ¢haired by Mr G Myatt. Stru¢turn, governan¢o and man•g•mont Govornlng Documonl The Company is governed by its Memorandum and Articles of AsscKiation, last amended on 10 December 1992. Organisational Structure The Directors are inrtialty elected at a full Directors Meeting on the basis of nominations having regard to eligibility, personal competence. specialist skills and local availability. After appointment Directors s8rv8 for a term of three years and are ¢I￿1ble to Stand for ro4lection at the annual general meeting. The Directors meet as a Board at *st three lirr*s a year to delemiine the general policy of the Company and view ils overall management and control, forwh￿h they are *alty re$Fonsib￿. The work of impleffEnling most of the Board's poI￿leS is carried out by the Finance Committee, chaired by Mr J A Hollingsworth, who meet as appropriate tefore each meetsng of the fvll Goveming Board, swrfKalty to review the budgets teThly and annual a¢coun15 and reports. The day-l¢xlay wnning of the School ￿ dekgated to the Headmistress and the Deputy Head supported by other teaching members of the staff. All tJustees gNe of their knme freety and no ￿muneratIon or expenses were pabd in the year. No Govemor or person ¢onnected with a Govemor re￿IVed any benefit from either means tested bursaries or scholarships awarded to our pupils. The Chairman and Headmistress Organ￿ the training ofnewty apFointed directors into theworkings ofthe charity including Board polry and procedures. Key management personnel are considered to be the He&Jmistress and the finance committee. The Finance Committee revmv the remuneration of the Head, with the Head also reviewing pay of other Stsff members in line with published pay scales. Al remunerabon agreed by the Finano Committee. Newbridge Preparatory School Llmited Trustees, Annual Report (Including Directors, Report) Year Ended 31 August 2021 Trust￿8, responslbllltlas The trustees {who are also directors of Newbridge Preparatory School Limited for the purposes of company lawl are responsible for preparing the Trustees, Annual RepJrt and the financial ststements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practi¢e). Company law requires the tnjstees to prepare financial statements for each financial year. Under company law the trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the stsle of affairs of the charitable company and of the incoming ￿sOurceS and application of resources, including the income and expenditure. of the charitable ￿rnPany for that period. In preparing these financial stslements, the trustees are required lo= $ele¢l suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP 2019 {FRS 1021,. make judgements and estimates that are ￿asonable and prudent., state whether applicable UK Accounting Slandards have been followed, sublecl to any material departures disclosed and explained in the financial statements- prepa￿ the financial statements on the going concem basis unless il is inappropriatè to p￿surne that the charitable company will ¢onbnuè in op8rakn'on. The Iruslees are responsibl& for keeping adequate accounting records that disclose with ￿asonable accuracy al any time the financial position of the charitsble company and enable them lo ensure that the financial statements comply with thè Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble ￿MpanY and hence for tsking reasonable step5 for the preventton and detection of fraud and other irregularities. In so far as the Iru$tees are aware". there is no ￿levant audit inf0m￿tion of whrth the charitable company's auditor is unaware., and the trustees have laken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. The ITu8lees 8re re$pon$ibl& ft)r the maintenanrk and integrity of the ¢orporale and financial information Inclu¢Jed on the charitable company's website. Legislation in the United ￿'ngdoM goveming the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. Dl•clo•ure of Infomiitlon to the audltor8 We, the directors of the company who held office at the date of approval of these Financial Statements as set out above each confimi, so far as we are aware, that. there is no ￿leVant audit information of which the compani's auditots are unaware., and we have taken all the steps that we ought to have taken as directors in order to make ourselves aware of any relevant audit information and to establish that the company's auditors are aware of Ihal infom￿110n. This report has been prepared taking advantage of the special provisions of Part 15 of the Companies Act 2006 relating lo small companies. Approved on behalf of the Board of Directors at its meetrng on its behalf by:" and signed on H M Hughes Newbridge Preparatory School Limited Independent Auditors, Report to the Members of Newbridge Preparatory School Llmltsd Year Ended 31 August 2021 Oplnion We have audited the financial statem8nts of Newbridge Preparatory School Limited Ithe'charitable Gompany'l ftir the year ended 31 August 2021 which comprise the Ststement of Financial Activities, The BalanGe Sheet, the Statement of Cash Flows and notes lo the financial St8teff￿nts. including sigrsfficant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 Th8 Financial Reporting Standard applicable in th8 UK and R&public ol Ireland Iuniled Kingdom Generally Accepted A¢counling Pra¢licel. In our opinion th8 financial statem8nts: give a true and fair view of the stale of the charitable company's affairs as al 31 August 2021, and of its incoming resources and applKation of resources, induding its income and expenditu￿, for the year then ended.. have been properly prepared in accordance with United Kingdom Generalty Accepted Accountin9 Pra¢tioe', and have been prepared in accordance with the requirernnts of the Companies Act 2006. Ba818 for oplnloTh We conducted our audit in accordance with International Standards on Auditing {UK) IISAS {UKII and applicable law. Our responsibilities under those standards are ftjrther described in the Auditols ￿ponSibl11110$ for the audit of the financial statements section of our report. Wo are independent of the charitable company in arLordanc8 with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Stsndard, and we have fvlfilled our other ethical responsibilities in accordan¢e with these requirements. We believe that audit evidence we have obtsined is sufficlent and appropriate to provide a basis for our opinion. Concluslon8 rel•tlng to golng con¢?rn We have nothing lo report in respect of the following matters in relatw)n to which the ISAS {UK} require us to report to you where: the trusto•s' uso of the going con¢om basls of ac¢oundng In th• prgparatlon of th• flnanclal st8t8ments Is not appmprfats,. or the trustees have not dlsclosed In the flnanclai statements any Identffled materfal uncertalnties that may cast slgnifi¢ant doubt al)out the charitable company's ability to contlnuè to adopt the golng concem basis of accounting for • perfod of at least Iwefve months from the date when the flnanclal stst•ments are authorlsed for Issue. Other Infomiatlon The trustees are responsible for the other infomialion. The other infomiation comprises the information included in the trustees, annual report, other than the financial statements and our audito¢s report thereon. Our opinion on the financial ststements does not cover the other infomiation and, except lo the extent otherwise explicitly sLqted in our reporL we do not express any fom of assurance condusion Ihereon. In connection with our audit of the financial statements. our responsibility is to read Ihe other infomialion and, in doing so, ￿nSider whether the other information is materially inconsistent with the financial statements or Newbrldge Preparatory School Limited Independent Auditors, Report to the Members of Newbridge Preparatory School Limited Year Ended 31 August 2021 our knowledge obtained in the audit or othèrwise appears to be materially misstated. If wè identify such material inconsistencies or apparent material misstatements. we are required lo detemine whether there is a material misstalemenl in the financial statements or a material misslaternent of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other inlomialion, we a￿ required to report that fact We have nothing lo rewrt in this regard. Oplnlon8 on other matters pras¢rlbed by th• Companles Act 2006 In our opinion, based on the work undertaken in the ￿￿r$e of the audiL" the information given in the trustees, report {incorporating the directors, report) for the financlal year for which the finandal statements are prepared is consistent wth the financlal statèments., and the directors, rèport has teen prepared in accordance with applicable legal requirements. Mattern on whl¢h VM arn requlr•d to r•port by oxcepllon In the light of our knowledge and understanding of the charilable company and rts enviroftment obtained in the course of the audit, we have rtot identified material misstatements in the directors. report. We have nothlng to report in respect of the frjllowing matters in relation to which the Companies Act 2008 requires us lo report lo you rf, in our Opin￿n.. adequate a¢o)unling records have not been kept or retums adequate for our 8udlt have not been recelved from branches not visited by us,. or th8 financial statements are not in agreemonl with the axounting records and returns.. or certain disclosures of directors, remuneralion sF*cthed by law are not made.. or we have not received all the infonnation and explanations we require for our audit. or the trustees were not entitled to P￿pare the financial statements in accordance with the small companies, regime and tske advantage of the Small companies, exemptions in Prepa￿n9 the direotors, report from the requifemenl to prepare a strategic report This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of ltte Companies Acl 2006. Our audit work has been undertaken so that we might slate to the charitsble company's members those matters we are required to stale lo them in an auditor's report and for no other purpose. To the fvllesl extent permitted by law, we do not a¢¢epl or assume ￿SpOnsIbl11ty to anyone other than the charitsble company and the charitable ￿MpanY'S members as a body, for our audit work, for this report, or for the opinions we have formed. Responslbllltle• of trustees As explained more lully in the trustees, responsibilib'es staiement set out on pages 13. the Irustees {who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial ststements and fof being satisfied that they give a true and fair view, and for Such inlemal control as the trustees determine is necessary to enable the preparab'on of financial ststement5 that are free from material rnisstatemenc ￿ether due to fraud or error. In p￿parIng the financial ststements. the trustees are responsible for assessing the charitable company's ability to continue as a going concem, dixlosing. as applicable, matters related to going concern and using Newbridge Preparatory School Llmlted Independènt Audltors, Report to the Members of Nèwbrldge Preparatory School Llmlted Year Ended 31 August 2021 the going concern basis of a¢¢ounting unless the trustees esther intgnd to liquidate the charrtable company or to cease operatsons, or have no realistic altemative but to do so. Audlto¢s rospon$lblllti08 for th• audlt of the financlal statomgnts Our objectives are to obtain reasonable assurance aboul whether the financial statements as a whole are free from material mi$$latement. whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee thal an audit conducted in accordance with ISAS IUK) will ahvays delect a material misstatement when it exists. Misstalem8n15 can arise from fraud or error and are considered material if, individually or in the aggregate, they could rgasonably be expected to influence the economic decisions of users taken on the basis of thes& financial statements. Irregularities, including fraud, ar8 instances of non-compliance wrth laws and regulations. We design procedures in line with our responsibilities. outlined above, to d•te¢t material misstslemenls in respect of irregularities, including fraud. The extersl to which our procedures are capable of detecting irregularities, including fraud is detailed b<)W'. As part of the planning process.. Wt enquire of managem8nl the systems and controls tha charlty has in place, areas of the accounts most $usceptibl& to the risk of irregularrties and fraud, and any in$tsnces of or suspected fraud. We obtsin an understsnding of the legal and regulatory frameworks applicable to the chantab Company. Wa consider the incentives and opportunrties that exist in the charity, including the extent of management bias. which presents potential for irregulariknes and traud to occur, and tsilor our risk as5ts$menl accordingly. Using our knowledge of the ¢harrtable company, together wrth discussions hald with tha charity al the plannin9 Stage, we fom a conclusion on the nsk of misstatement due to irregulariti&s including fraud and tailor our audit procedures accordingty. The key procedures we undertake to delect irregularitses including fraud during the audit inclLbde.' Identifying and testing joumal entriès and the overall a¢counkn"n9 record, in particular those that were sigrsificant and unusual. Reviewing the accounts disclosures and det&mining whelher accounting policies have been appropriately applied. Reviewing and challenging assumpkn'ons and judgements used by management. including any significant accounting eslimales. Assessing the extent of compliance with relevant laws and regulat￿n5. Testing key income lines, including cut-off, for evidence of management bias. Assessing the validty of the clasSificat￿n of in￿me. expendrtuft, assets and liabilities betsveen Restricted and Unrestricted Funds. Obtaining third party confirmation of material bank balances. Documenting and verifying all signfficant related party balarI￿$ and transactions. Reviewing dOcU￿￿nIation such as the Charity board minutes, correspondence with solicltors, for evidence of irreguLgrities including fraud. Because of Ihe inherent limilations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases Ihe more that Compliance wth a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to be¢ome aware of instsnces of non4ompliance. The risk is aLw greater regarding irregularrties occurring due to fraud rather than error, as fraud invofves intentional Con￿alment. forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audtt of the financial statements is located on the Financial Reporting Council's website at.. www.frc.0rg.uklaudttors￿sponsib1llt18$. This description forms part of our audito￿$ report. Newbridge Preparatory School Llmited Independent Audltors. Report to the Members of Newbridge Preparatory School Limited Year Ended 31 August 2021 Use of our report This report is made solely lo the charitable company's memters, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable company's members those matters we are required lo state to them in an auditor's report and for no other Pltrpose. To the fullest extent permitted by law, we do not accept or assume resFJonsibility lo anyone other than the charitable company and the chanlable company's members as a body, for our audit work. for this ￿pOrt, or for the opinions we have fonned. Ad8le EIiz8beth L8Wton (Senior SlatuloryAuditor) For and on beh8MofLawton Bradford Account8nts knmit8d Chartered Certified Accountants Regista￿d Auditors 7 M8rconi G8ta Slaffordshire Technology Pa Stafford ST18 OFZ Date oilo4120 Newbridge Preparatory School Limited Statement of Financlal Activities Ilncluding Income and Expendlture Account Yèar Ended 31 August 2021 2021 2020 rK nd• Totsl Total Incomo and endowments from: Donations and legaGi6s Charitable activities Investments Other 6,540 1,210.730 239 10 14.000 20,540 1,210.730 239 10 42,738 1,228,490 1,928 10 Totsl Incorn• and endowm•nts 1217.519 1231,519 1273 166 Expondfturn on: Raising funds Charitable a¢tsvities Other 1,216,368 1,216,368 1,346,452 Totsl exp•ndltur• 1216 368 1216 368 1 346 452 Net Incom•llexpendlturn) 1,151 14,000 15,151 173.2861 othor rncognl8•d galn8 I IIou•8): Gains I Ilossesl on revaluation of rixed assets Transfers be￿8•n funds- assets purchased Net movem&nl In fund• 20 15.151 15,151 (73,2861 RKon¢lllatlon of lund$: Total funds brought forward 1507 931 1507 931 1581217 Total funds carrl•d forward 1523 082 1.523 082 1,507,931 All income and expenditure derive from continuing xtivitres. The Statement of financial activtties includes all gains and losses recognised during Ihe year. Newbridge Preparatory School Limited Balance Sheet Year Ended 31 August 2021 2021 2020 Flxed asset8 Tangible assets 13 1042,679 1,038,008 Current a8s•ts Stock Debtors Cash at bank and in hand 14 15 2,266 30,715 722,448 2.348 29,126 634 507 755 429 Cr•dltors'. amounts falllng due wlthln one yoar 166698 Net current a880ts 508,263 499,283 Total a880ts le•0 Current Il•bllltle• 1,550,942 1,537.291 Crndltorn: amounts falllng du• after mor• than on• year Not a880ts 17 1524 942 1509 791 Charlty Fund• Share capltal un￿$triCted fund8 Reslricled funds 19 20 20 1.860 1,523,082 1,860 1,507,931 Total charlty fund• 1 $24 942 1,509,791 These accounts have been prepared in accordance with the speryal provisions of Part 15 of the Companies Act 2008 relating to small Companies. The financial statements We￿ approved and authoTised for issue by the Board on - Signed on behalf of the board of tru$tee8 HM Hughes (Chaimia The notes on pages Page 18 to Page 32 fom) part of Ihese financial stalements. Company registrats'on number. 414993 Newbridge Preparatory School Limbtsd Statemant of Cash Flows Year Ended 31 August 2021 2021 2020 Not cash Ilow from op8ratlng ¥¢tlvltlg8 147,024 126,0491 Cash flow from Inve8tlng actlvltl Payments lo a¢quire tangible fixed assets Interest received Interest paid 159,3221 239 {6,0561 1,928 N•t cash flow from Investlng a¢tlvttl•8 (59,0831 14,1281 Nèt cash flow from Ilnanelng actlvlllo8 Net Incrn088 In ¢a8h and cuh •qulvahnl• Cash and cash •qulval•nts at 01 Soptsmber 2020 Cash and cash oqulval•nts at 31 August 2021 87,941 130,177) 634 507 C•8h and ea8h equlvalents ¢on•lst ol: Cash at bank and in hand 722,448 634,507 Cash and ¢a8h •qulvahnts at 31 August 2021 Newbridge Preparatory School Limited Notes to the Financial Statements Year Ended 31 August 2021 Summary of slgnlfi¢ant aecountlng pollcies (al Gènfrral Infomiatlon and basi8 of preparatlon Newbridge Preparatory School Limited is a Charitsble Company incorporated in England I Wales. The members of the company are the shareholders. In the event of the company being wound up, the liability is limited to £10 per share. The add￿$$ of the registered office is given in the charity information on page 3 of these financial $latements. The nature of the charity's operations and principal activities are Newbridge Preparatory Sd)od's principal actsvty continues to be provision of a Day School for girls up lo age 11 and ￿y$ from p￿nUrsery age up to the age of seven. There are Currently 147 pupils on roll. The chanty constttutes a publtc benefft entity a$ defined by FRS 102. The financial $tstements have been prepared in accordance with Accountsng and Reports"ng by Chanlies.. Slalemenl of Recommended Pra¢b¢e applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland effective from 1 January 2019, the Financial Reporting Standard applicable in the United Kingdom and Republi¢ of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 20C6 and UK Generally Accepled PractiL*. The financial statements are prepared on a going concem basls under the hislorical cost eonvenlion, m¢JYified lo include certain items al fair value. The financial statements are p￿santed in sterling whi¢h Is the functional currenw of the chanty and rounded to th& nearest £. The significant accounting policies applied in the preparation of these hnancial stslemenls are set out below. These policies have been rMsistenUy applied lo all years presented unless othe￿198 staled. (bl Fund8 un￿StrICted fijnds are available for use at the dlscretion of the trustees in furtherance of the general objectives of the chanty and which have not been desi9naled for other purposes. Rèstricted funds are funds which are to be used in accordance with specific restn'ctions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds a￿ charged against the Specific fund. The aim and use of each reslricled fund is set out in the notes lo the financial statements. Icl Income recognltlon All incoming resources are included in the Statement of Financial Activrf(ies {SOFAI when the charity is legally enlrtled lo the income after any perf0m￿nCe conditions have been mel, the amount can be measured reliably and it 1$ probable that the inc4)m& will be received. For donations lo be recognised the charity will have been notified of the amounis and the settlement date in writing. If there are condrtions attached to the donats'on and this requires a level of performance before entitlement can be obtained then income is deferred until those condib'ons are fully met or the fulfflment of those o)ndFtions is within the control of the charity and il is probable that they will be fvlfilled. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable. it can be measured reliably and the charity has control over the item. Fair value is detemiined on the basis of the value of the gift to the charity. For example the amount the Nèwbrldge Preparatory School Limited Notes to the Financlal Statements Year Ended 31 August 2021 charty would be willing to pay in the open market for such facilf(ies and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP {FRS 1021. Further detsil is given in the TfUStees' Annual Report. For legacies, entitlement Trs the earfier of the charity bw'ng notEfied of an impending distribution OT th& legacy bein9 received. Al this point incon* is recognised. On o¢¢asion legacies will be notified to the charity however it is not possible to measure the affK)unt expected to be distributed. On thes& o￿a$lon$, the legacy is treated as a Contingent asset and disclosed. Income from trading actNities include$ income earned from fijndraising evènts and Irading activities lo raise funds for the charity. Incom8 is ￿1ved in exchange for supptying goods and services in order to raise funds and is recognised when entitlernnt has occurred. The chanty receives govemment grants in respect of Earty Years Funding. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met. il is probable that the income will be received and th8 amount can b8 measured reliably. If enlrtlement is not met then these arrounts are defvrred. Grants are ¢rediled to the SOFA in th& year in which ttw are recewed unless il 18 specified that they arè for a future accounting penod, in which case they are included on the Balance Sheet as deferrèd income lo be recognised in those hjture accounting periods. Grants received for specific purposes are accounted for as restricted fvnds in the SOFA. Id) Expondltur• r•cognltlon All expènditure is accounled for on an accruals basis and ha$ been classified under headings that aggregate all costs related lo the category. Expenditure is recognised where th8r& is a legal or constructive obligation to make payments to third parts'es, it is probable that the settlement will bo required and the amunl of the obligation can be measured ￿liablY. It is ¢ategorised under the following headin9S'. Expenditure on charitsble activit￿ is detailod in Note 6 to the accounts. Irrecoverable VAT is charged as an expense against the activty for which exp8ndrture arosè. (el Support ￿$ts allocalion Support costs are those that assist the work of the charity but do not direclty repTrsent charitable activities and include office costs, govemance costs. administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management Carried out al Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising fvnds and eX￿ndItUre on charitable activities on a basis consistent with use of the resources. Premises and other overheads have teen allocated as a percentsge of the appropriate actNty category. The analysis of these costs 1$ included in notes 7 and 8. Newbridge Preparatory School Limited Notes to the Flnanclal Statements Year Ended 31 August 2021 In Tanglble flx•d assets Tangible fixed assets are stated at cosl (or deemed cost) or valuation less ac¢umul8ted depreciation and accumulated Impalm￿nt losses. Cost includes ￿SIS directiy attributable to making the asset capable of operating as intended. Oepreciation is provided on all lan9ible fixed assets, at rates calculated to write off the cost. less eslimaled residual value, of each asw on a systematic basis over its expected useful life as follows.. F￿8hOld buildings Fixtures and fittings 2% straight line and 4% straight line 10% reducing balance Computer equipment 33.3% straight line Igl Stock Sto¢k of educational materials is stated at the lower of Cost and net ￿alIsab￿ value. (h) Dobtorn and crodttor• rncefvabl• I payablo wlthln one yoar Debtors and creditors with no staled interest rale and receivable or payable within one year are recorded at transaction price. Any losses arising from impaimienl are recognised in 8xpendilure. (11 Impalrni•nt Assets not measured al fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indicat￿n exists. the recoverable amount of Ihe asset, or the asset's cash generating unit. is estimated and Compared lo the carrying amount. ￿ere the carrying amount axceeds its recoverable amount, an impairment loss is recognised in profil or loss unless the a88el Is carried al a ffjvalued amount where the impaim)ent loss is a revaluats'on decrease. U) Pon8lon ¢08t8 The charity ¢onlribules to the Teachers, Pension Scheme at r8tes set by the scheme actuary and advi$e(I lo the Trustees by the scheme administrator. The charity also contributes to a defined contribution scheme for non-teaching stsff. The conlributKJns charged to the $talemenl of financial aclivil*s in respect of both schemes are those payable in accordance with the rules of the schemes. (k) Provl8lon$ Provisions a￿ recognised when the charity has an obligatKJn al the balan￿ sheet dale as a re$ull of a past event, it is probable that an outllow of economic beneffts will be required in settlement and the amount can be reliably estimated. {11 Lea8e8 Rentals payable and weivable under operating leases are charged to the SOFA on a straight-line basis over the period of the lease. (ml Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and ig considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore il meets the definition of a Charits￿e company for UK corporation tsx purposes. ?1 Newbrldge Prnparatory School Limited Notes to the Flnancial Statsments Year Endod 31 August 2021 (n) Golng con¢em The Trustees have considered the impact of the gbbal COVIO-19 pandemic on the ability of the Charity to continue trading for the foreseeable futu￿. This review has included corssidering the impact of the pandemic lo the date of signing the financial statements and updating financial projections. Based on this review and taken together with existing financing facilrties the Trustees believe that the financial statements have been pr•pared approprotety on the going concam basis. (o) Judgem•nts and koy •oU￿￿ of 08tlmaUon unc•rtalnty Th8 preparation of the financial ststem8nts requires management to make judgen￿nts. estimates and assumptions that affect the amounts reported. These estimates and jud9ements a￿ continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made conceming th8 fvture and. by th&ir nature, will farety equal the related actual outcome. The key assumptions and other sources ot eslimalion uncertainty that have a significant risk of causing a material adjustment lo the carrying amounts of assets and liabilities wrthin the next financial year are as foll¢)WS'. DePr￿lation Depreciation has been calculated on the fixed assets.. the residual value and tha life of the asset has been estimated by the tsustee$. Accruals Trustees review the expeGted expenses ba8gd on their knowledge of the busines8 and provlde for these accordingly. Deferred incom8 The in￿rne received prior to the year end is revi8wed and any that relates to incoTh due in the later academic years is treated as deferred incoff*. Ipl Govomm•nt grants The company has r￿eNed govemment grants in relation to the job retention scheme. The grants were provided to compensate the company for employee costs incurred during the Covid pandemic and are recognised in the profit and kiss account in the period in which the relevant employee cost are ￿cognISed. Income from donallon8 andlogacl 2021 2020 PSF donation$- restricted Grants- HMRC Job Retention Scheme- unrestricted Other donations- unrestricted 14,000 6,290 250 41,990 748 20.540 Income from donations and legacies was £20,540 (2020- £42,738) of which £14,000 {2020 - £Nill was attributable to restricted funds and £6.54012020- £42.738) was attributable to unrestricted funds. Newbrldge Preparatory School Limlted Notes to the Financial Statements Year Ended 31 August 2021 Income from charliable actlvltie8 2021 2020 School fees receivable Sundry in¢ome School lunches Holiday club After school and eaty club Early years additional bJnding- GovemrMnt Funding 1.089.224 18,595 49,625 15,645 12.277 25,364 1,095,045 31,816 45,097 15,951 18,334 22,247 1210 730 1228 490 Income from charitable activitie$ was all attributable to unrestrlcted funds for both years, Income from Inve8lmonts 2021 2020 Bank inler8St recefved- unrestrlcted funds 239 239 Oth•r Incomo 2021 2020 Property rental- unreslricted fvnds 10 10 10 10 Newbridge Preparatory School Limlted Notes to the Financial Statements Year Ended 31 August 2021 Analysls of expendituve on charltable actlvltles Cly C*t•rf Total Salaries and benefits Bursaries and discounts Welfare costs Extra curriculum expenses Support & governance costs 715.023 53.851 32.143 46,575 793,741 53,851 12,932 2,840 353.004 216 2.840 17,650 12.716 317.704 17,650 1.086,578 1,216,368 £14,000 12020 £0) of the above Costs were attributabl8 to restrided fvnds. £1,202,368 12020 - £1,346,452) of the above costs were attributable to unrestrictod fijnds. AIIoc4tloTh of Support costs EAtrn¢urrl¢ulum AthIIIM & School Support cost C•i•rfNI Total Premises expenses Depreciation Office cos1$ Administrative salaries & Nl Governance Infr)rmation technology Finance costs Other 48,033 49,185 8,762 58.147 38,939 25,268 2.201 87,169 2.688 2.733 2,669 2,732 487 3,230 2.163 1,404 122 4,843 53.371 54,651 9,738 64.607 43,265 28.076 2,445 96,855 3,231 2.163 1,404 123 4.842 Total 317.704 17,650 17.650 90°h of the support costs are allocated against the principal ¢hafitable activity of Education, with the remaining 100k being divided equally against the Exira Curriculum Activities and School Clubs and Catering aclivilies. The percentages used are broadty in line with the split of the Income from Charitable A¢tivitie$. Newbrldge Preparatory School Limlted Notes to the Flnanclal Statements Year Ended 31 August 2021 Govornancfr c08ts {InClUd￿ In Support Costs) 2021 2020 Admin Salaries Auditor's remunefalion {induding expenses and benefits In kind Legal fees Independent Schools Inspectorate Inspecti￿ fee 14,646 14,653 10 6,540 20,560 1.519 6,340 10,472 43,265 Admin salaries above are 50% of the Registraws salary, including Employers National Insurance. Not Incom• I lexpendltur•) for tho year I perlod Nel income I (expenditure) is stated after charging i Icreditingl.. 2021 2020 Depreclation of tangible fixed assets 54,512 64,295 Loss on sale of tsngible ffixed asgets 138 2,389 Operating lease rentals 2,261 2,261 10 Audltor'• ramuneratlon 2021 2020 Fees payable to the charity's auditor for the audit of the charity's annual accounts Fees payable to the charity's auditor for ott￿r services.. Other services 2140 6,340 Newbridge Preparatory School Limited Notes to the Financial Stst8ments Year Ended 31 August 2021 11 Tru8tg0s' and k•y managem•nt P8fsonn¢l romunerntlon and exponsos The trustees neither received nor wawed any remuneration during the year12020'. £Nill. The trustees did not have any expenses reimbursed during the year12020- £Nil). 12 Staff c08ts and omploym ben•fits The average monthty numbef of employees during the year was as follows.. 2021 2020 32 11 Teaching Ancillary Administrative 29 11 45 48 The total staff costs and employees, benefits was as foll¢)ws 2021 2020 Wages and salaries Social security Defined contribution pension costs Defined benefit pension cosls 721,483 57,106 4,892 89,513 746,814 58,971 5,273 92,114 872.994 903 172 The number of employees who receNed lotal employee benefits lexcluding employer pension costs) of mre than £60,000 were '. 2021 2020 No £60.001- £70.000 Total key management personal remuneration and benefits for the financial year totalled £75,315 12020 £75,315). N8wbridge Prnparatory School Llmited Notes to the Financial Statements Year Ended 31 August 2021 13 Tanglble flx•d a88&ts FTh•l￿d FlthrnB arld CoMPUt•r Total Cost: At 01 September 2020 Additions Disposals Revaluation 1.463,565 45,337 132,155 7,017 (335) 102,425 1,698.145 6,968 59,322 (1,1601 11,4951 Al 31 August 2021 1.508,902 138837 108.233 1755 972 Depr•clatlon'. Al 01 September 2020 Charge for the year Impairrnenl Revaluation Eliminated on disposals 521.964 33,131 48,128 8,777 {196) 90,045 12,604 11,1601 660,137 54,512 1,3561 At 31 August 2021 555 09S 101489 713293 Not book value: Al 31 August 2021 6 744 1042 679 Al 31 August 2020 12 380 1038 008 14 Stock 2021 2020 Educational materials 15 Debtorn 2021 2020 Trade debtors Grant re¢eivable- HMRC Job Retention Scheme Prepayments and a￿A￿l income 3,909 4,824 4,448 30 715 29.126 ?7 N8wbridge Preparatory School Limited Notss to thè Financlal Ststoments Year Ended 31 August 2021 16 Credltorn: amounts falllng duo vAthln on• year 2021 2020 Trade creditors Deferred income Final tem) deposits held Other tax and social se¢urity Other credrtoryJ Accruals 44,759 145,061 21,250 14,866 11,873 14.086 104,497 17,750 9,551 11.242 Def8rred incoff* reflects payments recerved in advance for the Autumn terni's fees. All In¢om8 deferred in 2021 was released in 2022. 17 Credltor•: amounts falllng du• aft•r morn th•n ono year 2021 2020 Final tsrm deposits Deposits are taken when plxes are accepted and refunded. subject to certain conditsorss, when child leaves the school. 18 Leas•8 Oporatlng leau• Total future minimum lease payments under nonacanceliable operaling leases are as follows.. 2021 2020 Not later than one year Later than one and not later than five years Later than fve years 2,261 1,696 2,261 3,956 Total 3,957 6,217 Newbridge Preparatory School Limited Notes to the Financial Statements Year Endèd 31 August 2021 19 Share capltal 2021 2020 Authorlsed 200 Ordinary Shares of £10 each Allotted and Fully Pald 1861200 Ordinary Shares of £10 each Fund8 rn¢on¢lllatlon 8alance at 31.08.20 In¢om• Galn• I Ilo••••l Expendltur• Yrnn•f•rn Balan¢• at 31.08.21 Unrestricted Restricted 1.507,931 1.217,519 11,216,368) 14.0¢)O 14,000 {14,000) 1,523,082 1507 931 1231 519 1523 082 Fund dfrscrlptlon• al Unreslricled funds General reserve fvnd$ represent the accumulated unreslricted and undesignaled surpluses. The gengral reserve funds are available at any lime for use al the discretion of the Directors for fvrtherance ofthe Charity's activities and objectives. Th6 general reserve funds are ￿taIned lo cover the fixed assets and proV￿e the working capital of the School. b) Restricted fijnds Restricted funds al the year-end amounted to £Nil 12020.. £Nil). Restricted donations ￿e1ved and expended during the year. related lo donations from the PSF Association fundraising to be spent on outdoar enhancements. ?0 Newbridge Preparatory School Limited Notès to the Financial Ststoments Year Ended 31 August 2021 21 Analys1• of net assets bfrtweon funds fvnd• fvnd• Totsl Fixed assets Cash at bank Other current assets I liabilities Creditors more than one year Called up share caprtal 1.042,679 722,448 {214.185) 126,000) 1.860 1,042,679 722,448 (210,6851 (29,5001 Total 1.523.082 1523,082 22 Roconclllatlon of net In¢omo11oxpondlturnl to not ca•h flow from op•rntlng actlvttl•8 2021 2020 Net in¢om81(expenditure) for yèar 15,151 173,2861 Interest recebvablo Depreciation and impairment of tangible fixed assets Loss on disposal of tangible fixed assets Decreaselllncrease) in stc¢k Ilncrease} in debtors IncreasellDecrease) in Creditors 12391 54.512 139 82 (1,589) 78,968 11.928} 64.295 2,388 {96) 115,3031 132,725} Net cash flow from operating activities 147 024 23 Penslons and othgr post4etlrnment ben•fits al T8ach•rs' p•nsion schem• The School participates in the Teachers, Pension Scheme ("the TPS'I for its teaching staff. The pension Charge for the year in¢ludes conlributions payable to the TPS of £89.51312020'. £92.1141 and at the year*nd £10.90112020'. £10,214) was arxrued in ￿spect of ¢ontn"bution$ to this scheme. The TPS is an unfunded multi-employer defined benefits pension Scheff￿ govemed by The Teachers, Pensions Regulations 2010 las amended) and The Teachers. Pension Scheme Regulations 2014 {as amended}. Members contn.bute on a °pay as you go. basis with contributions from members and the employer being credrted to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. Newbridge Preparatory School Limlted Notes to the Financlal Statements Year Ended 31 August 2021 The employer contribution rate is set by the Secretary of State following scheme valuations ndertaken by the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as al 31 March 2016 and the Valuation Report, which was published in March 2019, confirmed that the employer conlributs.on rale for the TPS would increase from 16.40/0 10 23.60A from 1 September 2019. Employers are also required lo pay a scheme administratson levy of 0.080A giving total employer contribution Tate of 23.68%. The 31 March 2016 Valuation Re￿￿ was prepared in accordance with the benefits set out in the scheme regulations and under the approach specified in the Directions, as they applied al 5 March 2019. However, the assumptions were cOn￿dered and set by the Department for Education prior lo the wling in the 'McCloud/Sargeant case.. This case has required the courts lo consider cases regarding the implementation of the 2015 reforms to Public sep11￿ Pensions including the Teachers, Pensions. On 27 June 2019 the Supreme Court denied the govemment permission lo appeal the Court of Appeal's judgment that transitional provisions introduced lo the refomied pension schemes in 201 S gave rise to unlawfvl age discrimination. The govemmenl is respecting the Court's decision and has said it will engage fully with the Employment Tribunal as well as employer and member represen181ives lo agree how the discriminats.ons will be ￿r￿died. The government announced on 4 Febnjary 2021 that rt intends lo proceed with a deferred choice underpin under which members will be able to choose éither legacy or refomRd scheme benefits in respect of their seNice during the period be￿en 1 April 2015 and 31 March 2022 at the point they become payable. The TPS is subject to a cost Cap mechanism which was put In place to protèct taxpayers against unforeseen changes in scheme costs. The Chief Secretary lo the T￿aSUry, having in 2018 announced that there would be a review of this cost Cap mechanism, in January 2019 announced a pause to the cost cap mechanism following the Court of Appeal's ruling in the Mccloudlsargeanl case and until the￿ is certainty about the value of pensions lo employees from April 2015 onwards. The pause was lifted in July 2020. and a consultatson was launched on 24 June on proposed changes lo the cost control mechanism following a review by the Govemmenl Actuary. Following a public consultation, the Govemmenl have ac¢epted three key proposals recommended by the Govèrnment A¢luary,and a￿ aiming to implement these changes in lime for the 2020 valuations. In view of the alK*ve ruling$ and decisions the assumptKJns used in the 31 March 2016 Actuarial Valuation may become inappropriate. In thi$ scenario. a valuation prepared in accordance with revised benefits and surtably revised assumptions would yield diffeffjnl results than those contained in the Actuarial Valuation. Until the cost cap mechanism mision is completed It is not possible lo conclude on any financial impact or fvlure changes to the conlribution rates of the TPS. Accordingly no provision for any additional past benefft pension costs 1$ included in these fin8n¢ial statements. b) Workplace pen8lon 8chem• As required ty the Pensions Act 2008, the School provides a Workpla￿ pension scheme a defined contribution scheme, lo its, employees who are not members of the Teachers, Pension Scheme. Employees aged be￿een 22 and state feti￿rnent age and eaming at least £10.000 per annum, are aulomaticalty enrolled in the scheme. although they may choose lo opt out. Employees btheen the ages of 16 and 74 with eamings less than £10.000 per annum also have the right to join the Scheme voluntarity. 24 Newbridge Preparatory School Llmited Notes to the Financial Statements Year Ended 31 August 2021 Employer contributions rates are as follows.. C6 April 2021 onwards Employer contributions payable to the SchenE for the year were £4.89212020.' £5,273). R•lated party transa¢tlon* There are no related paty transa¢tions during the period12020.' £ nil). Newbridge P￿paratOry School Limited Detsiled Income and Expenditure Account Year Ended 31 August 2021 2021 2020 In¢om• Fees receivable Sundry income HMRC - Job Retention sche￿ School lunches Holiday club After school and earty club Earfy years additional funding PA fundraising income Other donations Interest receivable Rental income 1.089,224 18,595 6,290 49,625 15,645 12,277 25.364 14.000 250 239 10 1,095,045 31,816 41,990 45,097 15.951 18.334 22.247 748 1,928 10 Total Income 1231519 1273 168 Dlr•ct Ch•rftabl• Exp•n8•8 Dlscounls and bursaries Curriculum activities School lunches Educational stationery and supplies Salaries and pensions- teachirsg staff Rates and insuranea Heal and light Repairs and ￿newa1$ Examination fees After school activities Performances Holiday club After school and earty ¢lub 53,851 141,103 3,662 53,472 17,885 714,487 10,757 14,246 16,348 54,399 17,775 687.704 3,633 13,999 31,881 2,840 5,961 4,807 12,262 20 899 12,034 Total Ch•rltsblo Expfrn808 1,015847 Support and Governance Costs Salaries and pensions- admin staff Rates and insurance Heat and light Stationery, printing and postage Advertising Telephone Audit and accountancy Trips and travel costs Training and course expenses 111.464 3,632 1,555 6,070 12,706 1,404 6.540 115,387 10,757 1,583 4,257 21,933 1,660 6,340 399 2.545 Carried forward 146.312 166,584 Newbridge Preparatory School Limited Detailed Income and Expond6ture Account Year Ended 31 August 2021 2021 2020 Brought forward 146,312 166,584 Sundry exFenses Subscriptions Contract c18aning seNic8s Legal and professional fees ISI inspection Depreciation Loss on disposal of fixed assets Computer ¢o$ts Equipment leasing Bad debts Bank charges 13,162 7,436 41,505 20,560 1,519 54,512 138 28,076 2,261 1.191 11,858 8,531 34.810 10,472 2,278 64,295 2.389 22,759 2.281 3.080 1.288 Totsl Support and G0vornan￿ Cosls 317 927 330 605 Totsl Expondlture 1.216.368 1346.452 Ngt Suiplu81(D•llclt) for th• Y•ar 15,151 73,286