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8 January 2021 



## 

## 

|||Unrestricted|Restricted|Restricted|Endowment|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||funds||funds||funds|funds|funds|
||Note|2020<br>E||2020<br>g||2020t|2020t|2019t|
|lncomefrom:|||||||||
|Donations and grants|4|539,313||64,734|||604,047|269,170|
|Charitableactivities|5|10,913,839|||||10,913,839|11,728,233|
|Othertradingactivities||5,602|||||5,602|206,346|
|lnvestments|6|29,670|||||29,670|31,049|
|Totalincome||11,488,424||64,734|||11,553,158|12,234,798|
|Expenditure on:|||||||||
|Raisingfunds:|7||||||||
|Development office||83,001|||||83,001|96,182|
|Trading costs||5,602|||||5,602|189,105|
|Charitableactivities|I|11,700,329||9,766|||11,710,095|11,832,494|
|Totalexpenditure||11,788,932||9,766|||1 1,798,698|12,117,791|
|Netgainson|||||||||
|investments||14,620||||17,754|32,374|21,937|
|Net<br>(expenditure)/income||(285,888)||54,968||17,754|(213,166)138,954||
|Transfersbetween|||||||||
|funds|21|56,114||(56,114)|||||
|Netmovementin<br>funds||(229,7741||(1,146)||17,754|(213,166)138,954||
|Reconciliationof|||||||||
|funds:|||||||||
|Totalfunds brought|||||||||
|forward||16,042,247||7,411||377,400|16,427,058|16,288,104|
|Netmovementinfunds||(229,7741||(1,146)||17,754|(213,166)|138,954|
|Totalfundscarried<br>forward||15,812,473||6,265||395,154|16,213,992|16,427,059|





## 

## 

## 

||Note||2020<br>e||2019t|
|---|---|---|---|---|---|
|Fixedassets||||||
|Tangible assets|14||20,146,069||20,969,606|
|lnvestments|15||737,628||695,222|
||||20,993,696||21,664,828|
|Current assets||||||
|Stocks|16|37,531||41,761||
|Debtors|17|458,597||496,945||
|Cash atbank and inhand||1,559,995||1,371,093||
|||2,056,123||1,909,799||
|Creditors:amounts fallingdue within one<br>year|1B|(2,407,038)||(4,269,657)||
|Netcurrentliabilities|||(350,915)||(2,359,959)|
|Total assets lesscurrent liabilities|||20,532,791||19,304,970|
|Creditors:amounts fallingdue after more||||||
|than one year|19||(4,318,889)||(2,877,912)|
|Totalnetassets|||16,213,892||16,427,058|
|Charityfunds||||||
|Endowmentfunds|21||395,154||377,400|
|Restrictedfunds|21||6,265||7,411|
|Unrestrictedfunds|21||15,812,473||16,042,247|
|Totalfunds|||16,213,892||16,427,058|





## 

## 

## 

||Note|2020<br>t||2019f|
|---|---|---|---|---|
|Fixed assets|||||
|Tangibleassets|14|20,146,069|20,969,606||
|lnvestments|15|737,629||695,222|
|||20,883,697|21,664,828||
|Current assets|||||
|Stocks|16|37,531|41,761||
|Debtors|17|466,475|524,169||
|Cashatbankand in hand||1,534,584|1,339,239||
|||2,038,590|1,905,169||
|Creditors:amounts fallingdue withinone<br>year|18|(2,389,506)|(4,265,027)||
|Netcurrent liabilities||(350,916)|(2,359,858)||
|Total assets lesscurrent liabilities||20,532,781|19,304,970||
|Creditors:amountsfalling due aftermore|||||
|thanone year|19|(4,318,889)|(2,877,912)||
|Total net assets||16,213,892|16,427,059||
|Charityfunds|||||
|Endowmentfunds|21|395,154||377,400|
|Restrictedfunds|21|6,265||7,411|
|Unrestrictedfunds|21|15,812,473|16,042,247||
|Totalfunds||16,213,892|16,427,059||
|The financial statements were approvedand|authorised|for issueby the|p(yn."^l|e-2o2'a|
|andsignedontheir behalfby:|||||
|Aa-ta"UCtAi&),/.<br>lltfSD.J. Chism, ChairmanofGovernors||MrJ.A. Elli|ofFinance|&Resources|
|||Gommittee|||





## 

## 

## 

|||2020|2019|
|---|---|---|---|
||Note|e|t,|
|Cashflowsfrom operatingactivities||||
|Net cash(usedin)/providedbyoperatingactivities|23|(430,913)|1,420,088|
|Cashflows from investing activities||||
|Dividendsand interestfrom investments||29,670|31,049|
|Purchaseof tangiblefixed assets||(5,218)|(4,716,390)|
|Dividendsreinvested|||(7,151)|
|Movementin investmentcash account||(10,032)|(2,649)|
|Netcash provided by/(used in)investing activities||14,420|(4,695,141)|
|Cashflowsfromfinancing activities||||
|Cashinflowsfromnew borrowing||1,800,000|2,000,000|
|Loans redeemedintheyear||(1,066,666)|(300,000)|
|Finance costspaid||(127,939)|(114,794)|
|Netcash providedbyfinancing activities||605,395|1,585,206|
|Change in cashandcashequivalentsinthe year||188,902|(1,689,847)|
|Cashandcashequivalents atthe beginningof the year||1,371,093|3,060,940|
|Gashand cash equivalentsatthe end of theyear|24|1,559,995|1,371,093|
|The notes onpages 25to47form partofthesefinancialstatements||||





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## 

## 

## 

|||Unrestricted|Restricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||funds||funds|funds|funds|
|||2020t||2020<br>E|2020t|2019<br>f,|
|Donations||25,530||64,734|90,264|269,170|
|Government|grants|513,783|||513,783||
|||539,313||64,734|604,047|269,170|
|Total2019||||269,170|269,170||



## 

|lncome from charitableactivities|||
|---|---|---|
||2020I|2019t|
|Gross fees receivable|||
|Grossfeesreceivable|12,044,187|11,736,274|
|Total concessions|(2,006,874)|(1,182,636)|
||10,037,313|10,553,639|
|Disbursements and extras|||
|Disbursements andextras|800,435|1,081,711|
|Registrationfees|36,894|37,123|
|Schoolshop income|14,404|15,468|
|Educational lettingincome|24,793|40,293|
||10,913,839|11,728,233|





## 

## 

## 

||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020<br>E|2020t|2019t|
|Dividendsreceivable|22,288|22,288|21,675|
|lnterestreceivable|7,392|7,392|9,374|
||29,670|29,670|31,049|
|Total2019|31,049|31,049||



## 

|Development office expenditure|||
|---|---|---|
||2020<br>t|2019<br>E|
|Staff costs|74,734|74,039|
|Non-staffcosts|8,267|22,144|
||83,001|96,182|



## 

## 

||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2020I|2020<br>e|2020!|2019<br>f|
|Charitableactivities|11,700,329|9,766|11,710,095|11,832,494|
|Total2019|11,830,780|1,714|11,932,494||





## 

## 

## 

## 

## 

||Total|Total|
|---|---|---|
||funds|funds|
||2020<br>e|2019t|
|Staffcosts|7,643,391|7,122,268|
|Depreciation|828,756|703,807|
|Othereducationalcosts|3,109,153|3,887,394|
|Cost ofeducationallettings|866|4,231|
|Financecostspaid|127,939|114,794|
||11,710,095|11,932,494|



## 

||2020|2019|
|---|---|---|
||t|f,|
|Establishment costs|1,679,453|2,093,928|
|Administration costs|475,870|516,809|
|Governance costs|20,075|24,060|
||2,175,398|2,634,797|
|Governancecosts|||
||2020<br>f|2019f|
|Auditand accountancy|20,075|<br>24,060|





## 

## 

## 

## 

|Auditor'sremuneration|||
|---|---|---|
||2020<br>E|2019t|
|Fees payable to theSchool'sauditor for the audit ofthe School'sannual<br>accounts|15,100|14,950|
|Fees payable to theSchool's auditorin respect of|||
|Alltaxationadvisoryservicesnot included above|750|750|
|Allnon-auditservicesnotincludedabove|4,225|3,975|



## 

||Group|Group|School|School|
|---|---|---|---|---|
||2020|2019|2020|2019|
||e|f|E|t,|
|Wagesand salaries|6,152,739|5,949,533|61152,739|5,949,533|
|Socialsecurity costs|582,197|562,353|582,197|562,353|
|Contributionto definedcontributionpension<br>schemes|983,179|684,420 983,179||684,420|
||7,718,115|7,196,306|7,719,115|7,196,306|



||Group|Group|
|---|---|---|
||2020|2019|
||No.|No.|
|Teachers|104|105|
|Other staff|134|137|
||238|242|





## 

## 

## 

## 

||Group|Group|
|---|---|---|
||2020|2019|
||No.|No.|
|lnthebandf60,001-t70,000|4|1|
|lnthebandt70,001-t80,000|1|2|
|lnthebandt80,001-t90,001|1||
|lnthebandt180,001-t190,000||1|
|lntheband e190,001 -f200,000|1||



## 



## 

## 

## 

## 

## 

||Freehold|||||
|---|---|---|---|---|---|
||land and<br>property<br>t|MotorFixturesand<br>vehiclesfittings<br>8t||Computer<br>equipment<br>E|Total<br>E|
|Cost||||||
|At1September2019|25,978,794|54,122|2,046,312|1,646,900|29,726,118|
|Additions|(90,182)||78,506|16,894|5,218|
|Disposals|||(119,256)|(1,012,003)|(1,131,259)|
|At 31Augusl2020|25,888,602|54,122|2,005,562651,791||29,600,077|
|Depreciation||||||
|At1September2019|5,851,218|28,053|1,531,965|1,345,276|9,756,512|
|Charge fortheyear|527,592|7,275|152,669|141,220|828,756|
|Ondisposals|||(119,256)|(1,012,003)|(1,131,259)|
|At 31Augusl2O2O|6,378,810|35,328|1,565,378474,493||9,454,009|
|Netbook value||||||
|At31Augusl2020|19,509,792|18,794|440,194177,299||20,146,069|
|At31August2019|20,127,566|26,069|514,347<br>301,624||20,969,606|





## 

## 

## 

||Listed|
|---|---|
||investments|
|Group|e|
|Costor valuation||
|At1September2019|695,222|
|Net investmentgains|32,374|
|Movement incashheld|10,032|
|At31Augusl2O2O|737,628|



||lnvestments|||
|---|---|---|---|
|School|in<br>subsidiaryListed<br>companiesinvestments<br>et||Total<br>s|
|Costor valuation||||
|At1September2019||695,222|695,222|
|lnvestmentinsubsidiary|1||1|
|Netinvestmentgains||32,374|32,374|
|Movementincashheld||10,032|10,032|
|At31Augusl2O2O|1|737,628|737,629|



## 

|The followingwasasubsidiaryundertaking oftheSchool|The followingwasasubsidiaryundertaking oftheSchool|||
|---|---|---|---|
|Name<br>CompanyRegistered office orprincipal<br>numberplaceofbusiness||Classof<br>shares|Holding|
|TudorHallSchool Enterprises07703410TudorHall School,Wykham<br>Limited<br>Park,Banbury, Oxfordshire,<br>OX16gUR||Ordinary|100%|
|Thefinancial resultsofthesubsidiary for the yearwere:||||
|Name<br>lncomef|Expenditure<br>E||Netassets<br>e|
|TudorHallSchool EnterprisesLimited<br>5,602||(5,602)|1|





## 

## 

## 

||Group|Group|School|School|
|---|---|---|---|---|
||2020<br>s|2019<br>2|2020t|2019t|
|School supplies|37,531|41,761|37,531|41,761|



## 

||Group|Group|School|School|
|---|---|---|---|---|
||2020<br>e|2019<br>f|2020t|2019<br>f|
|Duewithinoneyear|||||
|Trade debtors|170,804|265,624|170,779|242,385|
|Amountsowedbygroup undertakings|||7,904|50,463|
|Other debtors|1,997|527|1,996|527|
|Prepayments andaccruedincome|285,796|230,794|285,796|230,794|
||458,597|496,945|466,475|524,169|





## 

## 

## 

||Group|Group|School|School|
|---|---|---|---|---|
||2020t|2019<br>E|2020I|2019<br>2|
|Bankloans|299,999|1,000,000|299,999|1,000,000|
|Deposits|102,063|79,455|102,063|79,455|
|Trade creditors|174,249|309,028|174,249|309,028|
|Othertaxationand socialsecurity|151,322|161,839|151,322|161,839|
|Other creditors|191,360|143,666|191,360|143,666|
|Accrualsanddeferredincome|1,488,045|2,575,669|1,470,513|2,571,039|
||2,407,038|4,269,657|2,389,506|4,265,027|
||Group|Group|School|School|
||2020<br>E|2019<br>f|2020<br>E|2019f|
|Deferred income at1September2019|1,442,922|1,691,947|1,442,822|1,691,847|
|Resources deferredduringtheyear|1,059,663|1,398,930|1,059,663|1,398,930|
|Amountsreleasedfromprevious periods|(1,312,009)|(1,647,955)|(1,312,009)|(1,647,955)|
||1,190,476|1,442,822|1,190,476|1,442,822|





## 

## 

## 

||Group|Group|School|School|
|---|---|---|---|---|
||2020t|2019f|2020<br>E|2019f|
|Bankloans|3,733,335|2,300,000|3,733,335|2,300,000|
|Deposits|585,554|577,912|585,554|577,912|
||4,318,889|2,877,912|4,318,889|2,977,912|



|lncludedwithin theaboveareamountsf|alling due asfollows||
|---|---|---|
||Group<br>Group<br>School|School|
||2020t<br>2019t<br>2020<br>E|2019<br>f,|
|Betweenone andtwoyears|||
|Bankloans|599,999200,000599,999|200,000|
|Betweentwoandfiveyears|||
|Bank loans|899,9991,100,000899,9991,100,000||
|Overfiveyears|||
|Bankloans|2,233,3371,000,0002,233,3371,000,000||





## 

## 

## 

||Group|Group|School|School|
|---|---|---|---|---|
||2020<br>E|2019f|2020t|2019t|
|Financialassets|||||
|Financialassets measuredatfairvalue<br>throughincome andexpenditure|737,628|695,222|737,628|695,222|





## 

## 

## 

|Statement offun|ds-currentyea|r||||||
|---|---|---|---|---|---|---|---|
||Balanceat1||||||Balanceat|
||September||||Transfers|Gains/|31August|
||2019t|lncomeExpenditure<br>8t|||in/out<br>e|(Losses)<br>E|2020t|
|Unrestricted||||||||
|funds||||||||
|TudorHall|16,041,116|11,470,567|(11,771,075)||57,245|<br>14,620|15,812,473|
|TheFriends|-|12,255||(12,255\||||
|CarrdusFOCS|1,131||||(1,131)|||
|TudorHall||||||||
|School||||||||
|Enterprises<br>Limited||5,602||(5,602)||||
||16,042,247|11,488,424|(11,788,932)56,114|||14,620|15,912,473|
|Endowment||||||||
|funds||||||||
|TheFriends|377,400|||||17,754395,154||
|Restricted||||||||
|funds||||||||
|WilliamMorris|4,186|1,475||(524)|||5,137|
|Stained Glass||||||||
|Window|3,225|||(4,662)|1,437|||
|TeachingCentre||57,551|||(57,551)|||
|Junior Maths||||||||
|Club||583||(345)|||238|
|Carrdus||||||||
|Technology||4,375||(4,235)|||140|
|PianoFund||750|||||750|
||7,411|<br>64,734||(9,766)(56,114)|||6,265|
|Total offunds|16,427,058|11,553,158|(11,798,698)|||32,374|16,213,892|





## 

## 

|Statement offunds(continued)|Statement offunds(continued)||||||||
|---|---|---|---|---|---|---|---|---|
|Statement offunds-prioryear|||||||||
||Balanceal|||||||Balance at|
||1September<br>201If||lncome<br>t,|Expenditure<br>t||Transfers<br>in/oul<br>t.|Gainst<br>(Losses,)<br>E|31August<br>2019<br>t,|
|Unrestricted|||||||||
|funds|||||||||
|TudorHall|15,633,190|1|1,747,407|(11,897,846)||548,429|9,936|16,041 ,116|
|TheFriends|-||11,975||(11,875)||||
|CarrdusFOCS|1,131|||||||1,131|
|TudorHall|||||||||
|School|||||||||
|Enterprises<br>Limited|||206,346||(206,346)||||
||15,634,321|1|1,965,628|(12,116,067)||548,429|9,936|16,042,247|
|Endowment|||||||||
|funds|||||||||
|TheFriends|365,399||||||12,001377,400||
|Restricted|||||||||
|funds|||||||||
|William Morris|||5,900||(1,714)|||4,196|
|StainedGlass|||||||||
|Window|||3,225|||||3,225|
|Teaching Centre|288,384||260,045|||(548,429)|||
||288,384||269,170||<br>(1,714)|(548,429)||7,411|
|Total offunds|16,288,104|12,234,799||(12,117,781)|||21,937|16,427,058|





## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

|Analysisofnetassets betweenfunds-|current period||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2020<br>e|2020I|2020<br>g|2020t|
|Tangiblefixed assets|20,146,068|||20,146,068|
|Fixedasset investments|342,474||395,154|737,628|
|Currentassets|2,049,858|6,265||2,056,123|
|Creditors due within one year|(2,407,038)|||(2,407,038)|
|Creditorsduein morethan oneyear|(4,318,889)|||(4,318,889)|
|Total|15,812,473|6,265395,154||16,213,892|





## 

## 

## 

## 

|Analysisofnetassetsbetweenfunds-|priorperiod||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowmenl|Total|
||funds|funds|funds|funds|
||2019t|2019t|2019<br>f.|2019<br>t.|
|Tangible fixedassets|20,969,606|||20,969,606|
|Fixed assetinvestments|317,822||377,400|695,222|
|Currentassets|1,902,392|7,411||1,909,903|
|Creditorsdue within one year|(4,269,657',)|||(4,269,657)|
|Creditorsdue in more than one year|(2,877,912)|||(2,877,912)|
|Total|16,042,251|7,411377,400||16,427,062|



## 

|Reconciliation of net movement infunds tonetcashflow fromoperating|activities||
|---|---|---|
||Group|Group|
||2020<br>E|2019f|
|Net(expenditure)/incomefortheperiodaspertheStatementofFinancial<br>Activities|(213,166)138,954||
|Adjustments for:|||
|Depreciationcharges|828,756|703,809|
|Gains oninvestments|(32,3741|(21,937)|
|lnvestmentincome|(29,670)|(31,049)|
|Decreaseinstocks|4,230|4,104|
|Decreaseindebtors|38,348|59,279|
|lncrease/(decrease)increditors|(1,154,976)|452,134|
|Financecosts|127,939|114,794|
|Netcash (used in)/provided by operatingactivities|(430,913)1,420,088||





## 

## 

## 


## 

|||Ar1<br>September||Other non-<br>cash|At31|
|---|---|---|---|---|---|
|||2019|Gashflowst|changesAugust2020<br>s8||
|||E||||
|Cash|atbank and inhand|1,371,093|188,902||1,559,995|
|Debt|duewithin1year|(1,000,000)|900,001|(200,000)|(299,999)|
|Debt|due after1year|(2,300,000)|(1,633,335)|200,000|(3,733,335)|
|||(1,928,907)(544,4321|||(2,473,339)|



## 

## 



## 

## 

## 

## 

## 

|At31Augusl2020the GroupandtheSchool hadcommitment<br>undernon-cancellable operatingleases asfollows:|s tomakefuture minimum lease|payments|
|---|---|---|
||Group|Group|
||2020<br>s|2019t|
|Not laterthan1year|81,498|69,256|
|Laterthan1yearand notlater than 5 years|43,812|74,502|
|Later than 5 years|1,440||
||126,750|143,758|





## 

## 

##