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|CONTENTS|PAGES|
|---|---|
|Trustees and professional
advisers||
|Trustees'
Annual
Report|2to 6|
|Independent
auditor's
report to the trustees|7to 8|
|Statement
offinancial
activities||
|Statement
offinancial
position|10|
|Statement
ofcash flows||
|Notes to the financial statements|12to 19|
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|Registered|Registered|charity|name|The Ursuline|Preparatory|School|
|---|---|---|---|---|---|---|
|Charity|number|||1058282|||
|Trustees||||G Moule|||
|||||Mrs F East|||
|||||Mrs A Hyams|||
|||||J O' Shea|||
|Auditor||||Chegwidden|and Co||
|||||Chartered
Accountants|||
|||||&Statutory
Auditors|||
|||||Priestley House|||
|||||Priestley Gardens|||
|||||Romford|||
|||||Essex|||
|||||RM6 4SN|||
|Bankers||||Lloyds Bank|PLC||
|Website||||www. ursulineprepwarley.||co.uk|
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||Y|EAR ENDED 35 AUGU|ST 2021|||
|---|---|---|---|---|---|
|||||Total Funds|Total Funds|
|||||2021|2020|
||||Note|||
|INCOME||||||
|Donations
and Grants|||4|8,854|58,265|
|Income from charitable|activities||5|1,837,559|1,889,142|
|TOTAL INCOME||||1,846,413|1,947,407|
|EXPENDITURE||||||
|Expenditure
on charitable
activities|||6|(1,775,167)|(1,734,958)|
|Other expenses|||7|(83,425)|(88,611)|
|TOTAL EXPENDITURE||||(1,858,592)|(1,823,569)|
|NET (EXPENDITURE)/INCOME||FORTHE YEAR||(12,179)|123,838|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought
forward||||1,181,231|1,057,393|
|TOTAL FUNDS CARRIED FORWARD||||1,169,052|1,181,231|
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||||2021||2020||
|---|---|---|---|---|---|---|
|||Note|||||
|FIXEDASSETS|||||||
|Tangible assets||||1,241,855||1,301,462|
|CURRENT ASSETS|||||||
|Stocks||11|1,571||1,758||
|Debtors||12|96,629||118,925||
|Cash at bank and in hand|||449,654||311,100||
||||547,854||431,783||
|CREDITORS: Amounts|falling due||||||
|within one year||13|(501,956)||(429,129)||
|NKT CURRENT ASSETS||||45,898||2,654|
|TOTAL ASSETSLESS|CURRENT|LIABILITIES|||||
|||||1,287,753||1,304,116|
|CREDITORS: Amounts|falling due||||||
|after more than one year||||(118,701)||(122,885)|
|NKT ASSETS||||1,169,052||1,181,231|
|FUNDS|||||||
|Unrestricted
income funds||17||1,169,052||1,181,231|
|TOTAL FUNDS||||1,169,052||1,181,231|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E||
|Cash flows from operating||activities|||||
|Net (expenditure)/income|||||(12,179)|123,838|
|Adjustments for:|||||||
|Depreciation oftangible fixed assets|||||S4,920|81,520|
|Loan interest included
in financing|||activities||6,495|7,521|
|Profit on disposal offixed assets|||||(437)||
|Changes in:|||||||
|Decrease in stock|||||187|310|
|Decrease/(Increase)
in debtors|||||22,296|(72,058)|
|Increase in creditors: amounts
falling due & lyear|||||73,026|30,104|
|Cash generated
from operations|||||174,308|171,235|
|Interest received|||||||
|Net cash from operating
activities|||||174,30S|171,235|
|Cash flows from investing||activities|||||
|Purchase oftangible assets|||||(25,375)|(41,534)|
|Disposal oftangible
assets|||||500||
|Net cash used in investing|activities||||(24,875)|(41,534)|
|Cash flows from financing||activities|||||
|Interest paid|||||(6,495)|(7,521)|
|Repayment ofbank loans|||||(4,384)|(103,260)|
|Net cash used in investing||activities|||(10,879)|(110,781)|
|Net increase in cash and cash equivalents|||||138,554|18,920|
|Cash and cash equivalents||at beginning||ofyear|311,100|292,180|
|Cash and cash equivalents||at end|ofyear||449,654|311,100|
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|INCOME FROM|D|ONATIONS
AND GRANTS|(UNRESTRICTED)||
|---|---|---|---|---|
||||Total Funds|Total Funds|
||||2021|2020|
|Donations-Parents|and Friends Association||3,620|1,667|
|Grants —Coronavirus||Job Retention Scheme|5,234|56,598|
||||S,854|58,265|
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|INCOME FROM CHARITABLE|ACTIVITIES (UNRESTRICTED)||
|---|---|---|
||Total Funds|Total Funds|
||2021|2020|
|School fees|1,830,934|1,872,317|
|Other income|6,625|16,825|
||1,837,559|1,889,142|
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|6.|EXPENDITU|RE ON CHARIT|ABLE ACTIVITIE|S BYACTIVITY TYPE|(UNRESTRICTED)|
|---|---|---|---|---|---|
|||||Total Funds|Total Funds|
|||||2021|2020|
||Teaching and|care ofchildren||1,317,817|1,297,855|
||Running
costs|and maintenance|ofschool|457,350|437,103|
|||||1,775,167|1,734,958|
|7.|OTHER EXPENDITURE (UNRESTRICTED)|||||
|||||Total Funds|Total Funds|
|||||2021|2020|
||Administration|staff salaries||33,640|33,640|
||Employer's
NIC|||3,427|3,443|
||Insurance|||246|216|
||Accountancy|fees||2,035|1,642|
||Audit fees|||4,764|4,764|
||Bank charges|||1,543|1,425|
||Postage, stationery
and telephone|||12,552|14,065|
||Other pension|costs||1,682|1,682|
||Advertising
and website costs|||6,749|20|
||Rental ofoffice equipment|||2,916|6,450|
||Printing|||7,376|13,743|
||Loan Interest|Paid||6,495|7,521|
|||||83,425|88,611|
|8.|NET INCOME FORTHE YEAR|||||
||This is stated|after charging:||||
|||||2021|2020|
||Staffpension|contributions||163,471|157,625|
||Depreciation|||84,920|81,520|
||Auditors'
fees|||4,764|4,764|
||Operating
lease costs:|||||
||-Land and buildings|||35,515|37,262|
|9.|STAFFCOSTS AND EMOLUMENTS|||||
||Total staff costs were as follows:|||||
|||||2021|2020|
||Wages and salaries|||1,203,879|1,180,768|
||Social security costs|||115,481|112,729|
||Other pension|costs||163,471|157,626|
||Private health|insurance||20,713|19,997|
|||||1,503,544|1,471,120|
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|Particulars|ofemployees:|||||
|---|---|---|---|---|---|
|The average|number ofemployees||during the|year was as follows||
|||||2021|2020|
|||||No|No|
|Academic||-Full Time||13|12|
|||-Part Time||21|22|
|Ancillary||-Full Time||4|3|
|||-Part Time||6|8|
|||||44|45|
|The number|ofemployees|whose remuneration||for the year fell within the following|bands, were:|
|||||2021|2020|
|||||No|No|
|f60,001to f70,000||||2|2|
|8170,001to|$180,000|||1|1|
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|TANGIBLE FIXE|DASSETS||||||
|---|---|---|---|---|---|---|
||||||Playground
Ec||
||Leasehold|Fixtures &|Motor||Early Years||
||Improvements|Fittings|Vehicles|Computers|Equipment|Total|
|COST|||||||
|At 1 Sep 2020|1,767,724|143,525|47,909|162,422|36,318|2,157,898|
|Additions||8,094||17,281|—|25,375|
|Disposals|||(22,387)|(14,032)||(36,419)|
|At 31Aug 2021|1,767,724|151,619|25,522|165,671|36,318|2,146,854|
|DEPRECIATION|||||||
|At 1 Sep 2020|534,582|125,456|44,624|145,777|5,997|856,436|
|Charge for the year|58,760|6,724|762|15,314|3,360|84,920|
|Disposals
in year|||(22,325)|(14,032)||(36,357)|
|At 31Aug 2021|593,342|132,180|23,061|147,059|9,357|904,999|
|NET BOOKVALUE|||||||
|At 31Aug 2021|1,174,382|19,439|2,461|18,612|26,961|1,241,855|
|At 31Aug 2020|1,233,142|18,069|3,285|16,645|30,321|1,301,462|
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||||YEAR ENDED 31AUGUST 202'I||
|---|---|---|---|---|
|11.|STOCKS||||
||||2021|2020|
||Stock||1,571|1,758|
|12.|DEBTORS||||
||||2021|2020|
||Trade debtors||15,317|53,902|
||Other debtors||3,240|13,177|
||Prepayments||78,072|51,846|
||||96,629|118,925|
|13.|CREDITORS: Amounts|falling due within one year|||
||||2021|2020|
||Bank loan (note 14)||4,139|4,339|
||Trade creditors||4,838|3,317|
||FAYE and social security||14,367|14,388|
||Deposits held||50,750|45,800|
||Fees received in advance||292,588|195,554|
||Accruals||133,527|152,268|
||Other creditors||1,747|13,563|
||||501,956|429,129|
|14.|CREDITORS: Amounts|falling due after more than one year|||
||||2021|2020|
||Bank loan repayable||118,701|122,885|
||||118,701|122,885|
||The bank loan is repayable||as follows:||
||Within one year (note 13)||4,139|4,339|
||Between two and five years||22,505|21,446|
||More than 5years||~96196|101439|
||||122,840|127,224|
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||2021|2020|
|---|---|---|
|Within one year|45,235|45,235|
|In two to five years|163,444|173,164|
|After more than 5years|2,369,288|2,404,803|
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|UNRES|TRICTED INC|OME FUNDS||||
|---|---|---|---|---|---|
|||Balance at|||Balance at|
|||1Sep 2020|Income|Expenditure|31Aug 2021|
|General|Funds|1,181,231|1,846,413|(1,858,592)|1,169,052|
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