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||||||Page|
|---|---|---|---|---|---|
|Reference and administrative||details ofthe|charity, its trustees and advisers|||
|Trustees'
report|||||2-10|
|Independent|auditors'
report||||11-14|
|Consolidated|statement
offinancial activities||||15|
|Consolidated|balance sheet|||||
|Company
balance sheet|||||17|
|Consolidated|statement ofcash flows||||18|
|Notes to the|financial statements||||19-41|
|The following|pages do not form|part of the statutory||financial statements:||
|Company
detailed
income and expenditure|||account and summaries||42-44|
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|||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|funds|funds|
|||2021|2021|2021|2021|2020|
||Note||8||6||
|INCOME AND ENDOWMENTS|||||||
|FROM:|||||||
|Donations
and legacies|2|129,824|||129,824||
|Charitable
activities|3|8,675,278|||8,675,278|7,585,342|
|Other trading
activities|4|126,234|||126,234|119,332|
|Investments|5|263,565|21,663|6,127|291,355|176,624|
|TOTAL INCOME AND|||||||
|ENDOWMENTS||9,194,901|21,663|6,127|9,222,691|7,881,298|
|EXPENDITURE ON:|||||||
|Raising funds||304,693|||304,693|209,462|
|Charitable
activities||9,192,581|90,214|6,960|9,289,755|8,060,573|
|Exceptional|13|270,872|||270,872||
|TOTAL EXPENDITURE|6|9,768,146|90,214|6,960|9,865,320|8,270,035|
|NET EXPENDITURE BEFORE|||||||
|INVESTNIENT GAINS||(573,245)|(68,551)|(833)|(642,629)|(388,737)|
|Net gains on investments|15||75,984|47,877|123,861|21,287|
|NET INCOME I|||||||
|(EXPENDITURE) BEFORE|||||||
|OTHER RECOGNISED GAINS|||||||
|AND LOSSES||(573,245)|7,433|47,044|(518,768)|(367,450)|
|NET MOVEMENT
IN FUNDS||(573,245)|7,433|47,044|(518,768)|(367,450)|
|RECONCILIATION
OF FUNDS:|||||||
|Total funds
brought
forward||(1,602,673)|1,414,309|298,706|110,342|477,792|
|TOTAL FUNDS CARRIED
FORWARD||(2,175,918)|1,421,742|345,750|(408,426)|110,342|
##
##
##
||||ASAT 31|AU|GUST 2021||||
|---|---|---|---|---|---|---|---|---|
||||Note||E|2021
6||2020f|
|FIXEDASSETS|||||||||
|Tangible assets|||14|||5,490,316||5,598,140|
|Investments|||15|||1,076,850||952,989|
|Investments
in joint ventures|||||||||
|-Share ofgross assets|||||175||175||
|Share of net assets|||15|||175||175|
|||||||6,567,341||6,551,304|
|CURRENT ASSETS|||||||||
|Stocks|||16||50,806||80,559||
|Debtors|||17||1,532,993||763,964||
|Cash at bank and in hand|||||484,663||313,978||
||||||2,068,462||1,158,501||
|CREDITORS: amounts|falling due within||||||||
|one year|||18|(4,739,240)|||(3,398,942)||
|NET CURRENT LIABILITIES||||||(2,670,778)||(2,240,441)|
|TOTAL ASSETS LESSCURRENT LIABILITIES||||||3,896,563||4,310,863|
|CREDITORS: amounts|falling due after||||||||
|more than one year|||19|||(4,304,989)||(4,200,521)|
|NET (LIABILITIES)/ASSETS||||||(408,426)||110,342|
|CHARITY FUNDS|||||||||
|Endowment
funds|||20|||345,750||298,706|
|Restricted funds|||20|||1,421,742||1,414,309|
|Unrestricted
funds|||20|||(2,175,918)||(1,602,673)|
|TOTAL (DEFICIT)/FUNDS||||||(408,426)||110,342|
|Thefinancial
statement|s|wereapproved|and authorised||for issue|by the Trustees|on|18|
##
##
##
||
REGISTERED NUMBER: 027769|
REGISTERED NUMBER: 027769|
REGISTERED NUMBER: 027769|
REGISTERED NUMBER: 027769|
REGISTERED NUMBER: 027769|
REGISTERED NUMBER: 027769|14|||
|---|---|---|---|---|---|---|---|---|---|
||COMPANY BALANCE SHEET|||||||||
|||AS|AT 31 AUGUST 2021|||||||
||||Note||||2021
5||2020f|
|FIXEDASSETS||||||||||
|Tangible assets|||14||||5,490,316||5,598,140|
|Investments|||15||||1,076,850||952,989|
||||||||6,567,166||6,551,129|
|CURRENT ASSETS||||||||||
|Debtors|||17||1,571,874|||860,067||
|Cash at bank and in hand|||||478,751|||312,450||
||||||2,050,625|||1,172,517||
|CREDITORS: amounts|falling due within|||||||||
|one year|||18|(4,718,244)||||(3,374,342)||
|NET CURRENT LIABILITIES||||||(2,667,619)|||(2,201,825)|
|TOTAL ASSETS LESS|CURRENT LIABILITIES||||||3,899,547||4,349,304|
|CREDITORS: amounts|falling due after|||||||||
|more than one year|||19|||(4,304,989)|||(4,200,521)|
|NET (LIABILITIES)/ASSETS|||||||(405,442)||148,783|
|CHARITY FUNDS||||||||||
|Endowment
funds|||||||345,750||298,706|
|Restricted funds|||||||1,421,742||1,414,309|
|Unrestricted
funds||||||(2,172,934)|||(1,564,232)|
|TOTAL (DEFICIT)/FUNDS|||||||(405,442)||148,783|
|The financial
statements|were approved|and|authodised||for issue|by|the Trustees|on|18|
##
##
##
##
##
||FOR|THE|YEAR ENDED|31AUGUST 2021|||
|---|---|---|---|---|---|---|
|||||Note|2021
6|2020f|
|Cash flows from operating|activities||||||
|Net cash provided
by operating
activities||||22|158,895|200,428|
|Cash flows from investing|activities:||||||
|Dividends,
interest and rents|from investments||||21,663|38,412|
|Proceeds from the sale oftangible fixed||assets|||5,000||
|Purchase
oftangible fixed assets|||||(59,552)|(26,627)|
|Net cash (used in)/provided|by investing||activities||(32,889)|11,785|
|Cash flows from financing|activities:||||||
|Repayments
ofborrowings|||||(12,547)|(199,729)|
|Cash inflowe from new borrowing|||||58,059||
|Receipt ofendowment|||||(833)|(424)|
|Net cash provided
by/(used
in) financing|||activities||44,679|(200,153)|
|Change
in cash and cash|equivalents|in|the year||170,685|12,060|
|Cash and cash equivalents|brought
forward||||313,978|301,918|
|Cash and cash equivalents|carried forward|||23|484,663|313,978|
##
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|INCOM|E FRONI DONATI|ONS
AND LEGACIES|||||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|funds|funds|funds|
|||2021|2021|2021|2021|2020|
|||6|F|F|||
|Capital|donations|129,824|||129,824||
##
##
|INCOME F|ROM CHARIT|ABLE ACTIVITIES|||||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|funds|funds|funds|
|||2021|2021|2021|2021|2020|
|||F|F|F|8||
|School fee|income|8,311,660|||8,311,660|8,433,504|
|Bursaries, grants and|||||||
|allowances||(1,620,248)|||(1,620,248)|(1,698,558)|
|Other ancillary fees||1,441,953|||1,441,953|273,207|
|Government|income|541,913|||541,913|577,189|
|||8,675,278|||8,675,278|7,585,342|
|Total 2020||7,585,342|||7,585,342||
##
##
##
##
||||FOR THE YEAR|ENDED 31AU|GUST 2021|||
|---|---|---|---|---|---|---|---|
|4.|FUNDRAISING
INCOME|||||||
||||Unrestricted|Restricted|Endowment|Total|Total|
||||funds|funds|funds|funds|funds|
||||2021|2021|2021|2021|2020|
||||F||K|F|F|
||Trading
turnover||126,234|||126,234|119,332|
||Total 2020||119,332|||119,332||
|5.|INVESTMENT INCOME|||||||
||||Unrestricted|Restricted|Endowment|Total|Total|
||||funds|funds|funds|funds|funds|
||||2021|2021|2021|2021|2020|
||||6|5||6|6|
||Income from|investments|263,565|21,663|6,127|291,355|176,438|
||Bank interest|received|||||186|
||||263,565|21,663|6,127|291,355|176,624|
||Total 2020||130,186|38,412|8,026|176,624||
|6.|ANALYSIS OF EXPENDITURE BYEXPENDITURE TYPE|||||||
||||Staff costs|Depreciation|Other costs|Total|Total|
||||2021|2021|2021|2021|2020|
||||6||6||6|
||Trading expenditure||||112,493|112,493|78,423|
||Finance costs||||192,200|192,200|131,039|
||Costs of raising funds||||304,693|304,693|209,462|
||Educational|charitable||||||
||activities||6,161,080|297,200|2,769,799|9,228,079|8,023,903|
||Governance|costs|||61,676|61,676|36,670|
||Exceptional|- note 13|116,426||154,446|270,872||
||||6,277,506|297,200|3,290,614|9,865,320|8,270,035|
||Total 2020||5,203,293|298,710|2,768,032|8,270,035||
##
##
##
##
|DIRECT|CO|STS||||
|---|---|---|---|---|---|
||||Educational|Total|Total|
||||activities|2021|2020|
||||6|||
|Educational||costs|347,960|347,960|328,629|
|Bursaries|||97,174|97,174|80,362|
|Welfare|||23,692|23,692|30,990|
|Wages and||salaries|3,321,677|3,321,677|2,983,107|
|National|insurance||464,187|464,187|388,213|
|Pension|cost||936,824|936,824|715,770|
||||5,191,514|5,191,514|4,527,071|
|Total 2020|||4,527,071|4,527,071||
##
|SUPPORT COSTS||||
|---|---|---|---|
||Educational|Total|Total|
||activities|2021|2020|
||5|||
|Welfare|872,865|872,865|529,762|
|Support costs ofschooling|710,252|710,252|604,047|
|Premises|717,856|717,856|948,110|
|Wages and salaries|1,438,392|1,438,392|1,116,203|
|Depreciation|297,200|297,200|298,710|
||4,036,565|4,036,565|3,496,832|
|Total 2020|3,496,832|3,496,832||
##
||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|
||||2021|2021|2021|2021|2020|
||||F|F|E|6||
|Auditors'|remuneration||18,560|||18,560|18,000|
|Legal and|professional|costs|43,116|||43,116|18,670|
||||61,676|||61,676|36,670|
##
##
##
##
||2021|2020|
|---|---|---|
||F||
|Depreciation
oftangible fixed assets:|||
|-owned
by the charitable
group|289,281|292,974|
|- held under finance leases|7,919|5,733|
|Auditors'
remuneration
- audit|18,560|18,000|
|Operating
lease rentals - land and buildings|238,065|235,815|
|Operating
lease rentals - other|13,239|15,068|
##
##
##
##
|STAFFCOSTS
Staff costs were as follows:|||
|---|---|---|
||2021|2020|
||6|6|
|Wages and salaries|4,876,495|4,099,310|
|Social security costs|464,187|388,213|
|Other pension costs|936,824|715,770|
||6,277,506|5,203,293|
|||2021|2020|
|---|---|---|---|
|||No.|No.|
|Teaching staff||110|72|
|Non-teaching
staff||43|45|
|||153|117|
|The number of higher paid employees|was:|||
|||2021|2020|
|||No.|No.|
|In the band 660,001 - 670,000||0|2|
|In the band F70,001 - F80,000||4|1|
|In the band E80,001 - 890,000||1|1|
|In the band 6100,001 - 6200,000||1|1|
##
##
||||2021f|2020|
|---|---|---|---|---|
|On|bank loans and overdrafts||156,153|107,890|
|On|finance lease and hire purchase|contracts|8,446|3,090|
||||164,599|110,980|
##
##
##
##
##
|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
||Freehold|Leasehold|Motor|Fixtures and||
||property|property|vehicles|fittings|Total|
|Group|6|||5|5|
|Cost||||||
|At 1 September 2020|1,400,000|5,699,863|133,543|2,395,217|9,628,623|
|Additions|||29,141|160,235|189,376|
|Disposals|||(19,709)||(19,709)|
|At 31August 2021|1,400,000|5,699,863|142,975|2,555,452|9,798,290|
|Depreciation||||||
|At 1 September 2020|281,442|1,825,651|73,152|1,850,238|4,030,483|
|Charge for the year|29,624|137,425|9,351|120,800|297,200|
|On disposals|||(19,709)|-|(19,709)|
|At 31August 2021|311,066|1,963,076|62,794|1,971,038|4,307,974|
|Net book value||||||
|At 31 August 2021|1,088,934|3,736,787|80,181|584,414|5,490,316|
|At 31August 2020|1,118,558|3,874,212|60,391|544,979|5,598,140|
|The net book value ofassets held under finance||leases or hire|purchase contracts,
included||above, are as|
|follows:||||||
|||||2021|2020|
|Group|||||F|
|Motor vehicles||||65,364|44,143|
##
##
##
||NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|||
|---|---|---|---|---|---|
||FOR THE YEAR|ENDED 31AUGUST|2021|||
|||Long-term||||
|||leasehold|Motor|Fixtures and||
|Company||property
6|vehiclesf|fittings
6|Total
6|
|Cost||||||
|At 1 September 2020|1,400,000|5,699,863|133,543|2,383,210|9,616,616|
|Additions|||29,141|160,235|189,376|
|Disposals|||(19,709)||(19,709)|
|At 31August 2021|1,400,000|5,699,863|142,975|2,543,445|9,786,283|
|Depreciation||||||
|At 1 September 2020|281,442|1,825,651|73,152|1,838,231|4,018,476|
|Charge for the year|29,624|137,425|9,351|120,800|297,200|
|On disposals|||(19,709)|-|(19,709)|
|At 31August 2021|311,066|1,963,076|62,794|1,959,031|4,295,967|
|Net book value||||||
|At 31August 2021|1,088,934|3,736,787|80,181|584,414|5,490,316|
|At 31August 2020|1,118,558|3,874,212|60,391|544,979|5,598,140|
||The net bo
follows:|ok value ofassets held under finance leases or h|ire purchase contracts,
included|above, are a|
|---|---|---|---|---|
||||2021|2020|
||Company||5|F|
||Motor vehicles||65,364|44,143|
|Cost|or valuation|at 31August 2021 is as follows:|||
|Cost or valu|ation
at 31August 2021 is as follows:||
|---|---|---|
|||Land and|
|||buildings|
|Group and|Company||
|Cost||6,825,743|
|Valuation:|||
|Revaluation|in 2010|274 120|
|||7099 963|
##
##
##
##
##
||||||||Sub total|
|---|---|---|---|---|---|---|---|
||||||Listed|Unlisted|carried|
||||||securities|secudties|forward|
|Group||||||F||
|Market value||||||||
|At 1 September 2020|||||694,269|258,720|952,989|
|Revaluations|||||123,861||123,861|
|At 31August|2021||||818,130|258,720|1,076,850|
||||||Sub total|Investments
in||
||||||brought|participating||
||||||forward|interests|Total|
|Group|||||F|5|6|
|liilarket value||||||||
|At 1 September 2020|||||952,989|175|953,164|
|Revaluations|||||123,861||123,861|
|At 31August|2021||||1,076,850|175|1,077,025|
|Group investments||comprise:||||||
|||||||2021|2020|
|Listed investments||||||818,130|694,269|
|Unlisted
investments||||||258,720|258,720|
|Participating|interests|at cost||||175|175|
|Total market|value|||||1,077,025|953,164|
|All the fixed asset investments|||are held|in the UK||||
||||||Listed|Unlisted||
||||||securities|securities|Total|
|Company|||||6|F|6|
|Market value||||||||
|At 1 September 2020|||||694,269|258,720|952,989|
|Revaluations|||||123,861||123,861|
|At 31August|2021||||818,130|258,720|1,076,850|
##
##
##
##
##
|||2021|2020|
|---|---|---|---|
||||F|
|Listed investments||818,130|694,269|
|Unlisted|investments|258,720|258,720|
|Total||1,076,850|952,989|
##
|||||Grou||Com
n|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
|||||F||F|
|Finished|goods and goods for resale||50,806|80,559|||
|DEBTORS|||||||
|||||Grou||Com
an|
||||2021|2020|2021|2020|
|||||F|||
|Trade debtors|||1,255,820|685,892|1,212,532|676,187|
|Amounts|owed by group undertakings||||162,169|114,350|
|Other debtors|||21,800|29,625|21,800|26,800|
|Prepayments||and accrued income|255,373|48,447|175,373|42,730|
||||1,532,993|763,964|1,571,874|860,067|
##
##
##
##
##
|||||Grou||Com
n|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
||||||F||
|Bank loans and overdrafts|||192,384|192,384|192,384|192,384|
|Net obligations
under finance leases|||||||
|and hire|purchase
contracts||12,354|11,382|12,354|11,382|
|Trade creditors|||357,037|174,258|344,933|161,034|
|Other taxation and social security|||140,722|280,910|133,330|280,910|
|Other creditors|||1,708,693|1,347,462|1,708,693|1,346,874|
|Accruals|and deferred
income||2,328,050|1,392,546|2,326,550|1,381,758|
||||4,739,240|3,398,942|4,718,244|3,374,342|
|||||Grou||Com
n|
|Deferred|income||||||
|Deferred|income at 1 September|2020|715,990|1,104,088|715,990|1,104,088|
|Resources deferred
during the year|||1,482,710|500,526|1,482,710|500,526|
|Amounts|released from previous|years|(667,888)|(888,624)|(667,888)|(888,624)|
|Deferred|income at 31August 2021||1,530,812|715,990|1,530,812|715,990|
##
##
##
|CREDITORS:|Am|oun|ts
falling due afte|r more than one|year|||
|---|---|---|---|---|---|---|---|
||||||Grou||Com
an|
|||||2021f|2020f|2021f|2020|
|Bank loans||||4,136,298|4,100,776|4,136,298|4,100,776|
|Net obligations|under||finance leases|||||
|and hire purchase||contracts||21,497|12,479|21,497|12,479|
|Accruals and|deferred||income|147,194|87,266|147,194|87,266|
|||||4,304,989|4,200,521|4,304,989|4,200,521|
##
##
##
##
##
|Obligation|s
u|nder|fina|nce leases and hire purchase
co|ntracts,
included
above, are payable|as|follow|s:|
|---|---|---|---|---|---|---|---|---|
||||||Grou|and|Com|an|
||||||2021|||2020|
||||||6|||5|
|Between|one|and|five|years|21,497||12,479||
##
##
##
|||Balance at 1|||||Balance at|
|---|---|---|---|---|---|---|---|
|||September|||Transfers|Gains/|31 August|
|||2020|Income|Expenditure|in/out|(Losses)|2021|
|||||5|5|F||
|Unrestricted|funds|||||||
|General fund||(5,720,055)|9,194,901|(9,768,146)|48,256||(6,245,044)|
|Revaluation|reserve|4,117,382|||(48,256)||4,069,126|
|||(1,602,673)|9,194,901|(9,768,146)|||(2,175,918)|
|Endowment|funds|||||||
|Davies Legacy||298,706|6,127|(6,960)||47,877|345,750|
|Restricted funds||||||||
|Trust Funds||443,031|9,663|(9,663)||75,984|519,015|
|The Peter E.l. Lee||||||||
|Scholorship|Fund|971,278|12,000|(80,551)|||902,727|
|||1,414,309|21,663|(90,214)||75,984|1,421,742|
|Total offunds||110,342|9,222,691|(9,865,320)||123,861|(408,426)|
##
##
##
##
##
|||Balance at|||||Balance at|
|---|---|---|---|---|---|---|---|
|||1 September|||Transfers|Gains/|31August|
|||2019|Incomef|Expenditure|in/out|(Losses)|2020f|
|General funds||||||||
|General fund
Revaluation
reserve||(5,411,291)
4,163,431|7,834,860|(8,189,673)|46,049
(46,049)||(5,720,055)
4,117,382|
|||(1,247,860)|7,834,860|(8,189,673)|||(1,602,673)|
|Endowment|funds|||||||
|Davies Legacy||293,293|8,026|(8,450)||5,837|298,706|
|Restricted funds||||||||
|Trust Funds||427,581|12,372|(12,372)||15,450|443,031|
|The Peter E.l.Lee||||||||
|Scholorship
Fund||1,004,778|26,040|(59,540)|||971,278|
|||1,432,359|38,412|(71,912)||15,450|1,414,309|
|Total offunds||477,792|7,881,298|(8,270,035)||21,287|110,342|
##
|||Balance at 1||||Balance at|
|---|---|---|---|---|---|---|
|||September|||Gains/|31August|
|||2020f|Income|Expendituref|(Losses)f|2021|
|General funds
Endowment
funds||(1,602,673)
298,706|9,194,901
6,127|(9,768,146)
(6,960)|47,877|(2,175,918)
345,750|
|Restricted|funds|1,414,309|21,663|(90,214)|75,984|1,421,742|
|||110,342|9,222,691|(9,865,320)|123,861|(408,426)|
##
##
##
##
|||Balance at||||Balance at|
|---|---|---|---|---|---|---|
|||1 September|||Gains/|31August|
|||2019|Income|Expenditure|(Losses)|2020|
|||5|6|F|||
|General funds||(1,247,860)|7,834,860|(8,189,673)||(1,602,673)|
|Endowment|funds|293,293|8,026|(8,450)|5,837|298,706|
|Restricted|funds|1,432,359|38,412|(71,912)|15,450|1,414,309|
|||477,792|7,881,298|(8,270,035)|21,287|110,342|
##
##
##
##
##
##
##
##
|ANALYSIS OF NET ASSETS BETWEEN FUN|DS -CURRENT YEAR||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2021|2021|2021|2021|
|||6||F|
|Tangible fixed assets
Fixed asset investments|5,490,316
176|761,316|315,533|5,490,316
1,077,025|
|Current assets
Creditors due within one year
Creditors due in more than one year|1,377,819
(4,739,240)
(4,304,989)|660,426|30,217|2,068,462
(4,739,240)
(4,304,989)|
||(2,175,918)|1,421,742|345,750|(408,426)|
|ANALYSIS OF NET ASSETS BETWEEN FUNDS -PRIOR YEAR|||||
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2020
6|2020f|2020|2020
5|
|Tangible fixed assets
Fixed asset investments|5,598,140
174|685,331|267,659|5,598,140
953,164|
|Current assets|386,104|728,978|31,047|1,158,501|
|Creditors due within one year
Creditors due in more than one year|(3,398,942)
(4,200,521)|||(3,398,942)
(4,200,521)|
||(1,615,045)|1,414,309|298,706|110,342|
##
##
##
##
||||||Grou|
|---|---|---|---|---|---|
|||||2021
8|2020f|
|Net expenditure
for|the year (as per Statement||of Financial Activities)|(518,768)|(367,450)|
|Adjustment
for:||||||
|Depreciation
charges||||297,200|298,707|
|Gain on investments||||(123,861)|(21,287)|
|Dividends,
interest and rents from||investments||(21,663)|(38,412)|
|Profit on the sale offixed assets||||(5,000)||
|Decrease/(increase)|in stocks|||29,753|(15,362)|
|(Increase)/decrease|in debtors|||(769,029)|478,597|
|Increase/(decrease)|in creditors|||1,399,254|(134,789)|
|Capital donations||||(129,824)||
|Income attributable|to endowment|||(6,127)|(8,026)|
|Expenditure
attributable
to endowment||||6,960|8,450|
|Net cash provided|by operating|activities||158,895|200,428|
|ANALYSIS OF CASH AND CASH||EQUIVALENTS||||
||||||Grou|
|||||2021|2020|
|Cash in hand||||341|3,490|
|Notice deposits (less than 3months)||||484,322|310,488|
|Total||||484,663|313,978|
##
##
##
##
##
##
##
##
##
##
##
##
##
|||2021|2020|
|---|---|---|---|
|Group and Company||F|6|
|Amounts|payable:|||
|Within
1|year|246,658|247,488|
|Between|1 and 5years|818,072|971,033|
|After more than 5years||2,043,746|2,251,701|
|Total||3,108,476|3,470,222|
|Company|||
|---|---|---|
|Amounts
payable:|||
|Within
1 year|246,658|247,488|
|Between 1 and 5years|818,072|971,033|
|ARer more than 5years|2,043,746|2,251,701|
|Total|3,108,476|3,470,222|
##
#
##
##
##
##
##
##
##
##
|||2021||2020|
|---|---|---|---|---|
|||E||6|
|TRADING INCOME|||||
|Trading turnover||126,234||119,332|
|LESS:TRADING COST OF SALES|||||
|Purchases|89,732||53,180||
|Wages|22,761||25,210||
|TOTAL TRADING COST OF SALES||112,493||78,390|
|GROSS TRADING PROFIT||13,741||40,942|
|INVESTMENT INCOME|||||
|Investment
income|291,355||176,624||
|Gain on investments|123,861||21,287||
|TOTAL INVESTMENT INCOME||415,216||197,911|
|LESS:OTHER TRADING EXPENSES|||||
|Corporation
tax||||33|
|NET PROFIT FROM TRADING ACTIVITIES||428,957||238,820|
|CHARITY INCOME|||||
|Gross fees|8,295,058||8,433,504||
|Bursaries, grants and allowances
Registration
fees|(1,620,248)
16,602||(1,710,940)
13,672||
|Other ancillary
income|1,441,953||259,535||
|Government
income|541,913||577,189||
|Donations|129,824||||
|TOTAL CHARITY INCOME||8,805,102||7,572,960|
##
|CONSOLIDATED
DETAILED INCOM
FOR THE YEA|E AND EXPENDIT
R ENDED 31 AUG|URE ACCOUN
UST 2021|T (continued)||
|---|---|---|---|---|
|||2021||2020|
|LESS:CHARITY EXPENDITURE
Wages
Social security
Pensions
Bursaries
Transport
Departmental
Marketing
Agents commission
Heat and light
Rent
Rates and water
Refuse
Maintenance
Telephone
Grounds
maintenance
Insurance
Legal and professional
Postage
Central
IT
Central
printing
Administration
Catering and cleaning
Examinations
Staff training
Bad debts
Subscriptions
Recruitment
costs
Auditors'
remuneration
Depreciation
Exceptional costs|5,030,941
464,187
936,824
97,174
54,005
162,240
59,140
48,856
162,562
238,064
75,707
54,089
231,581
4,716
40,608
70,853
43,116
7,699
57,727
4,220
47,808
872,865
43,256
6,382
98,684
43,380
17,310
18,560
297,200
270,873||4,099,310
388,213
715,770
67,990
45,006
168,067
54,582
50,663
298,213
235,815
131,610
46,798
226,801
11,011
60,620
60,273
18,667
7,849
64,039
1,934
36,243
722,230
46,520
8,020
107,348
34,934
22,968
18,000
298,707||
|TOTAL CHARITY EXPENDITURE||9,560,627||8,048,201|
|NET EXPENDITURE FROM CHARITABLE
SOURCES||(755,525)||(475,241)|
##
##
##
##
||2021|2020|
|---|---|---|
||F|E|
|NET EXPENDITURE FROM CHARITABLE
SOURCES (brought forward)|(755,525)|(475,241)|
|OTHER EXPENDITURE|||
|Finance costs|(192,200)|(131,039)|
|NET EXPENDITURE FOR THE YEAR|(518,768)|(367,460)|
|Deficit in year|(518,768)|(367,450)|
|Funds brought
forward at 1 September 2020|110,342|477,792|
|Funds carried forward at 31August 2021|(408,426)|110,342|