2021-08-31-accounts - Lorenden School

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			Page
Reference and administrative		details	2-3
Report ofthe trustees			4-11
Statement oftrustees'	responsibilities		12
Auditor's report			13 —16
Financial statements:
Statement offinancial	activities		17
Balance sheet			18
Statement of cash flows			19
Notes to the financial	statements		20 —31

				2021	2020
			Notes	E	E
	FIXEDASSETS:
	Tangible assets		10	1,317,928	1,312,089
	CURRENT ASSETS:
	Stocks			2,975	2,975
	Debtors			6,638	26,807
	Cash at bank and in	hand		236,314	139,829
				245,927	169,611
'	LIABILITIES:
	Creditors: Amounts	falling due within one year	12	(260,812)	(217,748)
	NET CURRENT LIABILITIES			(14,886)	(48,137)
	TOTAL ASSETS LESS	CURRENT LIABILITIES		1,303,043	1,263,952
	Creditors: Amounts	falling due after more than one year	13	(283,952)	(347,940)
	NET ASSETS			1,019,090	916,012
	THE FUNDS OF THE	CHARITY:
	Unrestricted funds:
	Property fund			493,334	427,807
	General fund			525,756	488,205
	TOTAL CHARITY FUNDS			1,019,090	916,012

							2021	2020
							E	E
CASH FLOW FROM OPERATING	ACTIVITIES:
Net income from the reporting	period (as per statement			of	financial	activities)	103,078	11,920
Adjustments for:
Depreciation charges							49,446	55,212
Interest payable							8,812	11,929
(Increase)/Decrease in stocks							0	1,554
(Increase)/Decrease in debtors							20,169	(4,409)
(Decrease)/Increase in creditors							64,730	(31,496)
NET CASH PROVIDED BYOPERATING ACTIVITIES							246,235	44,710
CASH FLOWS FROM INVESTING	ACTIVITIES:
Purchase of property, plant and	equipment						(55,285)	(31,642)
NET CASH USED IN OPERATING	ACTIVITIES						(55,285)	(31,642)
CASH FLOWS FROM FINANCING	ACTIVITIES:
Repayments of borrowings							(85,652)	(64,235)
Interest payable							(8,812)	(11,929)
NET CASH USED IN FINANCING	ACTIVITIES						(94,464)	(76,164)
CHANGE IN CASH AND CASH EQUIVALENTS			IN THE REPORTING PERIOD				96,486	(63,096)
Cash and cash equivalents at the beginning		ofthe reporting			period		139,829	202,925
CASH AND CASH EQUIVALENTS	AT THE END		OF THE REPORTING PERIOD				236,315	139,829
ANALYSIS OF CASH AND CASH	EQUIVALENTS
Cash at bank and in hand							236,314	139,829

3	School fees															2021	2020
																f	6
	Gross school fees chargeable															1,326,086	1,292,925
	Less: Bursaries	awarded to pupils														(24,868)	(44,687)
	Staff, sibling		and	other	discounts	and allowances										(48,152)	(94,695)
																1,253,066	1,153,543
4	Other educational	income														2021	2020
																f	6
	Fees charged for optional subjects and pupils'						extras									3,991	12,060
	Other ancillary income
																3,991	12,060
5	Other Income															2021	2020
																6	6
	Coronavirus Job Retention			Scheme grant												17,109	32,593
	The School was been		eligible to		claim additional funding				in	year		from	government support				schemes
	in response to the		coronavirus		outbreak.		The School		furloughed				some			of its staff	under the
	government's Coronavirus			Job Retention		Scheme. The		funding			received			in	2021 off17,109(2020 of
	632,593) relates to		staff	costs	in respect		of staff	which		are		included			within note 9		below as
	appropriate.
6	Analysis ofexpenditure
																2021	2020
				Staff costs		Depreciation						Other				Total	Total
					6			f					6			f	6
	Charitable activities:
	Teaching costs				754,277							8,035				762,312	779,247
	Welfare costs				39,512							65,282				104,794	94,092
	Premises costs				63,728		20,127					74,740				158,595	138,106
	Support costs				53,530		29,319					32,519				115,368	127,129
	Governance costs											20,258				20,258	19,177
	Charitable publicity	costs										5,376				5,376	5,377
	Finance costs											10,281				10,281	26,268
					911,047		49,446				216,491					1,176,984	1,189,396
7	Governance costs															2021	2020
																6	f
	MIST fees															12,960	11,535
	Auditor's remuneration															7,178	5,040
	Other costs															120	2,602
																20,258	19,177

8	Net income
					2021	2020
					E	E
	Net income for the year		is stated after charging:
	Amounts payable under		operating	leases	640	1,320
	Depreciation on tangible		fixed assets		49,446	55,212
	Interest payable on loans				8,812	11,929
	Auditor's remuneration:
	Audit ofthe financial	statements			7,178	5,040
9	Staff costs				2021	2020
					E	E
	The aggregate staff costs		during the year comprised:
	Wages and salaries				735,462	723,166
	Social security costs				59,221	60,612
	Pension costs				116,364	112,614
	Termination payments
					911,047	896,392
					2021	2020
					No.	No.
	The average number	of employees		during the year comprised:
	Teaching staff				32	26
	Other staff				9	10
					41	36
					2021	2020
					No.	No.
	The average number	ofemployees		during the year on the full
	time equivalent basis	comprised:
	Teaching staff				17	17
	Other staff				6	6
					23	23
	No ofemployees across the School			6roup in bands shown:
	E60,001- E70,000
	E70,001-E80,000

10	Tangible assets		Land and	Fixtures and	Vehicles	Total
			buildings	equipment
			6	6
	Cost:
	As at 1September 2020		1,135,686	771,253	48,961	1,955,900
	Additions			55,285		55,285
	As at 31August 2021		1,135,686	826,538	48,961	2,011,185
	Depreciation:
	As at 1September 2020		301,038	305,284	37,489	643,811
	Charged for the year		20,127	26,101	3,218	49,446
	As at 31August 2021		321,165	331,385	40,707	693,257
	Net book value:
	As at 31August 2021		814,521	495,153	8,254	1,317,928
	As at 31August 2020		834,648	465,969	11,472	1,312,089
11	Debtors				2021	2020
					6	6
	Amounts falling due	within one year:
	Fee debtors					20,520
	Other debtors				6,638	6,287
					6,638	26,807
12	Creditors: Amounts	falling due within	one year		2021	2020
					f	6
	Trade Creditors				4,179	7,419
	Deposits				5,000	3,650
	Prepaid fees (note 14)				108,340	74,072
	Loans (note 15)				64,235	85,651
	Taxation and social security costs				14,704	15,438
	Other creditors				11,830	13,351
	Accruals				24,006	14,322
	Amounts owed to group undertakings				28,517	3,845
					260,812	217,748

				Due	within	within	Due	within	Due after	2021	2020
				1to2years			2to 5years		5years	Tota I	Total
						E		E	E	E	E
Deposits					3,500			11,500	12,000	27,000	26,750
Loans(note 15)					64,238		192,714			256,952	321,190
					67,738		204,214		12,000	283,952	347,940
Deferred	income
Prepaid	fees
Parents	pay for fees		in advance for pupils.			Movements		during the year were as follows:
										2021	2020
										E	E
Balance	brought forward			at 1September						74,072	103,237
Amounts	received	during		the year						108,340	74,072
Amounts	recognised		as income during the			year				(74,072)	(103,237)
Balance	carried forward at 31August									108,340	74,072

Schools Trust bankers.	(MIST).The lo	an accrued interest	at a rate of2.	25/o above the bas	e rate ofthe gro	up's
The funds of	the charity	Balance at				Balance at
		1September				31August
		2020	Income	Expenditure	Transfer	2021
		E		E		E
Unrestricted	funds:
Property fund		427,807			65,528	493,335
General fund		488,205	1,280,062	(1,176,984)	(65,528)	525,755
		916,012	1,280,062	(1,176,984)		1,019,090
		Balance at				Balance at
		1September				31August
		2019	Income	Expenditure	Transfer	2020
		E		E		E
Unrestricted	funds:
Property fund		405,113			22,694	427,807
General fund		498,979	1,201,316	(1,189,396)	(22,694)	488,205
		904,092	1,201,316	(1,189,396)		916,012

under non-cancellable operating leases, which fall due as f	ollows:
	2021	2020
	E	E
Within one year		318
Between one and two years
Between two and five
		318