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|---|---|---|---|
|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|
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|Company|number|03093684|||||
|---|---|---|---|---|---|---|
|Charity number||1048805|||||
|Registered|office|Lorenden
Preparatory|||School||
|||Painter's
Forstal|||||
|||Faversham|||||
|||Kent|||||
|||ME13 OEN|||||
|Key management||Mrs K Uttley,
Head||Teacher (resigned 31.08.2021)|||
|Personnel|(excluding|Mr A Collings,|Bursar||and Clerk to the Governors|(resigned 31.08.2021)|
|Governors)||Mr R Mclntosh,|Head||Teacher (appointed 01.09.2021)||
|||Mr M Davis, Bursar||and Clerk to the Governors||(appointed 01.09.2021)|
|Bankers||Barclays Bank|PLC||||
|||9St Georges Street|||||
|||Canterbury|||||
|||Kent CT12JX|||||
|Solicitor||Pothecary
Witham||Weld|||
|||70St George's|Square||||
|||London|||||
|||SW1V 3RD|||||
|Auditor||RSM UK Audit|LLP||||
|||25 Farringdon|Street||||
|||London|||||
|||EC4A 4AB|||||
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|||||Unrestricted|funds|
|---|---|---|---|---|---|
|||||2021|2020|
||||Notes|E|E|
|INCOME AND ENDOWMENTS||FROM:||||
|Grants and Donations||||5,896|3,120|
|Charitable
activities:||||||
|School fees||||1,253,066|1,153,543|
|Other educational
income||||3,991|12,060|
|Other Income||||17,109|32,593|
|TOTAL||||1,280,062|1,201,316|
|EXPENDITURE ON:||||||
|Charitable
activities||||(1,176,984)|(1,189,396)|
|TOTAL||||(1,176,984)|(1,189,396)|
|NET MOVEMENT
IN|FUNDS|||103,078|11,920|
|RECONCILIATION
OF FUNDS:||||||
|Total funds brought|forward|||916,012|904,092|
|TOTAL FUNDS CARRIED FORWARD|||16|1,019,090|916,012|
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|||||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|
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||||||||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|
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|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||||||
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|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|
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|||||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|
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|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|
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|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|
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