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|arity Trustee body, was as follo|ws during the year:||||||
|---|---|---|---|---|---|---|
|NAME||||COMMITTEES||OTHER|
||||E|J|A|HS|
|Mr P Doyle (Chairman)|||0||||
|Mr P Ashcroft*|Appointed|13.01.20|||||
|Mrs F Brown*|Appointed|13.01.20|||||
|Mr M Curry|Appointed|13.01.20|||||
|Mr G Dransfield|||||||
|Mrs A Edwards|Resigned|12.10.20|||||
|Mr M Fosten|||||||
|Rev W Hawkins|||||||
|Mr LJagger*|||||||
|Mr A Neden|||||||
|Mr BO'Donoghue*|||||||
|Mr0 Obidipe|Appointed|17.6.21|||||
|Mrs A Paterson|||||||
|Mr A Spencer|||||||
|Rev P Swaffield|Resigned|12.10.20|||||
|Mr T Wilson|Deceased|01.03.21|||||
##
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|Key management|Key management|personnel|||
|---|---|---|---|---|
|Headmaster:|||Mr G Sanderson
MA (Oxon) FRSA||
|Bursar:|||Mr A Butterworth|MA (Cantab) DChA|
|Head ofthe Junior||School:|Mrs V Meier||
|Deputy Heads:|||Mr J Martin||
||||Mrs A Massey||
||||Mr E Wright||
||||Mrs N Devon||
||||Mr A Taylor||
|Registered|Office||||
||||Eltham College||
||||Grove Park Road||
||||Mottingham||
||||London SE94QF||
|Advisers|||||
|Bankers:|||Barclays Bank Pic||
||||5~ Floor Corinthian|House|
||||17Lansdowne
Road||
||||Croydon
CRO 2BX||
||||Lloyds Bank Pic||
||||Level 5, 110St.Vincent Street||
||||Glasgow G2 5ER||
|Auditors:|||Azets Audit Services||
||||2nd Floor, Regis House||
||||45 King William Street||
||||London EC4R 9AN||
|Solicitors:|||Bircham Dyson Bell||
||||50 Broadway||
||||London SW1H OBL||
||||GBH Law Ltd||
||||7/8 Innovation
Place||
||||Douglas
Drive||
||||Godalming||
||||Surrey GU71JX||
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|STREAMLINED ENERGY AND CARBON REPORTING|||||
|---|---|---|---|---|
|GHG emissions
and energy use data for period
1 September|2020 to 31 August|2021|||
||Baseline Reporting Year||||
||2020-2021||||
||UK GHG Emission|and Energy|Data||
|Energy
consumption
used
to calculate
emissions
(kWh); all mandatory
energy sources are included|||4,287,701.3||
|Scope 1:Emissions
from the combustion
of natural
gas tCOze||||587.9|
|Scope 1: Emissions
from
combustion
of fuel
for
transport
and/or
heating
tCOze||||15.0|
|Scope 1:Emissions of biomass
pellets tCO2e||||NA|
|Scope
3:
Emissions
from
business
travel
in|||||
|employee-owned
vehicles,
where the School repaid
mileage
claims
tCOze (average
vehicle/fuel
source||||NA|
|unknown)|||||
|Scope 2:Emissions from purchased
electricity tCOze|||226.6.5||
|Total gross COze based on above (tCOze)||||829.5|
|Intensity
Ratio: kg COze gross based on mandatory|||||
|fields above per pupil during
the academic year:|813.28 kg COze per|||pupil|
|(kg COze per pupil)|||||
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||||Unrestricted|Funds|Restricted|Endowed|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||Notes|School|Other|Funds|Funds|2021|2020|
||||E|f|E|E|||
|INCOME|||||||||
|Income from charitable|activities:||||||||
|School fees receivable||2|18,719,987||||18,719,987|16,341,156|
|Less: awards||2|(2,466,721)||(12,810)||(2,479,531)|(2,687,825)|
|Other educational
income||3|195,849||||195,849|156,542|
|Other ancillary
trading|income|3|1,058,427||||1,058,427|1,043,582|
|Income from other trading|||||||||
|activities:|||||||||
|FSSM Ltd income||||388,771|||388,771|463,667|
|Income from generated|funds:||||||||
|Investment
income|||2,923|11,264|3,039|3|17,229|29,740|
|Donations
and appeal|receipts|||24,361|222,866||247,227|173,552|
|Rents and Lettings|||68,277||||68,277|78,158|
|Total|||17,578,742|424,396|213,095|3|18,216,236|15,598,572|
|EXPENDITURE|||||||||
|Costs of raising funds:|||||||||
|Fund-raising|||49,653|21,570|98,983||170,206|136,616|
|Financing costs|||510,414||||510,414|435,904|
|FSSM Ltd costs||||444,860|||444,860|418,504|
||||560,067|466,430|98,983||1,125,480|991,024|
|Charitable
Activities:|||||||||
|Schools and grant making|||16,107,830||904||16,108,734|14,815,877|
|Pension scheme deficit funding||22|(3,288)||||(3,288)|(2,949)|
|arrangement|||||||||
|Total||5|16,664,609|466,430|99,887||17,230,926|15,803,952|
|NET INCOMING/(OUTGOING)|||914,133|(42,034)|113,208|3|985,310|(205,380)|
|RESOURCES|||||||||
|Transfers
between
funds|||166,063|(75,967)|(90,093)|(3)|||
|Investment
gains||||61,912|17,314||79,226|10,831|
||||1,080,196|(56,089)|40,429||1,064,536|(194,549)|
|NET INCOME/(DEFICIT)|||1,024,107||40,429||1,064,536|(194,549)|
|Fund Balances at 1 September 2020|||9,284,150||174,033|32,559|9,490,742|9,685,291|
|Fund Balances at 31August 2021|||10,308,257||214,462|32,559|10,555,278|9,490,742|
##
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##
|||||||Notes|Group|Group|School|School|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|2021|2020|
|Fixed assets|||||||||||
|Intangible|assets|||||7|6,285|6,285|||
|Tangible assets||||||8|28,777,580|28,275,096|28,719,029|28,199,377|
|Investment||assets||||9|530,547|451,321|530,549|451,323|
||||||||29,314,412|28,732,702|29,249,578|28,650,700|
|Current assets|||||||||||
|Stocks|||||||1,858|1,858|||
|Debtors||||||10|644,410|534,354|661,267|531,645|
|Cash|||||||4,441,235|3,752,779|4,440,551|3,732,893|
||||||||5,087,503|4,288,991|5,101,818|4,264,538|
|Creditors:||Amounts|falling due||||||||
|within one||year||||11|(4,612,003)|(4,456,163)|(4,575,578)|(4,419,891)|
|Net current||assets/(liabilities)|||||475,500|(167,172)|526,240|(155,353)|
|Total|assets||less||current||||||
|assets/(liabilities)|||||||29,789,912|28,565,530|29,775,818|28,495,347|
|Creditors:||Amounts|falling due||||||||
|after more||than one|year|||12|(19,222,557)|(19,059,423)|(19,222,557)|(19,059,423)|
|Provisions||for liabilities||||21|(12,077)|(15,365)|(12,077)|(15,365)|
|Net assets|||||||10,555,278|9,490,742|10,541,184|9,420,559|
|Endowed|funds|||||15a|32,559|32,559|32,559|32,559|
|Restricted||funds||||15b|214,462|174,033|214,462|174,033|
|Unrestricted||funds|||||||||
|Designated||and general||funds||15c|10,308,257|9,284,150|10,294,163|9,213,967|
|Total funds||||||15|10,555,278|9,490,742|10,541,184|9,420,559|
##
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##
||||||||2021|||2020||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Notes|||||||
|Cash flows from operating|activities||||17|||3,645,139|||1,879,964|
|Cash flows from investing|activities:|||||||||||
|Investment
income received||||||14,306|||14,124|||
|Interest received||||||6,689|||13,049|||
|Interest
paid||||||(510,414)|||(435,904)|||
|Sale oftangible
fixed asset|||||||||3,000|||
|Payment
for tangible fixed assets||||||(1,772,474)|||(1,482,548)|||
|||||||||(2,261,893)|||(1,888,279)|
|Net cash flow before financing||activities||||||1,383,246|||(8,315)|
|Cash flow from financing|activities||||18|||||||
|New loans advanced|||||||||||3,484,116|
|Repayment
of borrowing||||||||(694,790)|||(304,633)|
|Change
in cash and cash|equivalents|||in||||||||
|the year|||||19|||688,456|||3,171,168|
|Cash and cash equivalents|brought||forward|||||3,752,779|||581,611|
|Cash acquired
with subsidiary||||||||||||
|Cash and cash equivalents||||||||||||
|at 31August 2021|||||19|||4,441,235|||3,752,779|
##
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##
|||2021|2020|
|---|---|---|---|
|Gross charitable|income|18,216,236|15,598,572|
|Charitable
expenditure||17,230,926|15,803,952|
|Net income for|the year|985,310|(205,380)|
##
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|EXPENDITURE||2021|2020|
|---|---|---|---|
|Governance
expenditure|includes:|||
|Auditors'
remuneration:||||
|For audit services (ofwhich F2,500for subsidiary)||17,800|17,350|
|For other services||1,380||
|Total staff costs comprised:||||
|Wages and salaries||8,939,772|8,013,429|
|Social security costs||936,034|839,853|
|Pension
contributions||1,604,445|1,488,152|
|||11,480,251|10,341,434|
|within FSSM|Ltd costs in the Statem|
ent of Financial
Activities.|||
|---|---|---|---|---|
|The average|number ofemployees|in the year was:|Number|Number|
|Academic|||157|131|
|Administration|||45|43|
|Other|||68|66|
||||270|240|
|The number ofemployees
whose emoluments
exce|eded F60,000were:||
|---|---|---|
|K60,001 —F70,000|17|13|
|F70,001 - F80,000|6|3|
|F80,001 - 290,000|1|1|
|F90,001 —F100,000|2|3|
|F100,001 —F110,000||1|
|F120,001 - F130,000|||
|F180,001 —2190,000|||
|F190,001 —6200,000|||
##
##
##
|ANALYSIS OF|TOTAL|TOTAL|RESOURCES EXPENDED|||||
|---|---|---|---|---|---|---|---|
||||Staff costs|Other|Depreciation|Total|2020|
||||(note 4)|||||
||||E|E||||
|Costs of raising funds:||||||||
|Fund-raising|||151,470|18,736||170,206|136,616|
|Finance costs||||510,414||510,414|435,904|
|Trading costs|of subsidiary|||444,860||444,860|418,504|
||||151,470|974,010||1,125,480|991,024|
|Charitable
activities:||||||||
|Teaching costs|||9,284,673|668,670||9,953,343|9,077,074|
|Welfare||||618,906||618,906|485,253|
|Premises|||919,945|700,360|1,249,057|2,869,362|2,698,778|
|Support costs|||1,106,663|1,517,191||2,623,854|2,518,394|
|School's operating||costs|11,311,281|3,505,127|1,249,057|16,065,465|14,779,499|
|Grants Awards|and prizes|||2,690||2,690|2,665|
|Governance
costs|||17,500|23,079||40,579|33,713|
|Total|||11,328,781|3,530,896|1,249,057|16,108,734|14,815,877|
|Pension scheme deficit||||||||
|arrangement||||(3,288)||(3,288)|(2,949)|
|Expensing
ofcapitalised|||costs|||||
|Exceptional
bad|debt provision|||||||
|Total expenditure|||11,480,251|4,501,618|1,249,057|17,230,926|15,803,952|
##
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##
|INTANGIBLE ASSETS||
|---|---|
||Goodwill|
|Group||
|Cost||
|At start ofyear|6,285|
|Acquisition||
|At end ofyear|6,285|
|Amortisation||
|At start ofyear||
|Charge for the year||
|At end ofyear||
|Net book value|6,285|
##
##
##
|8.|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|---|
|||Freehold||Furniture|||
|||Land and|Leasehold|and|Motor||
|||Buildings|Landf|Equipment|Vehicles
f|Totalf|
||GROUP||||||
||Cost||||||
||At 1 September 2020|36,115,142|825,000|4,504,507|31,506|41,476,155|
||Additions|1,495,738||276,736||1,772,474|
||Disposais|||(11,525)||(11,525)|
||At 31 August 2021|37,610,880|825,000|4,769,718|31,506|43,237,104|
||Depreciation||||||
||At 1 September 2020|9,542,736|287,375|3,339,442|31,506|13,201,059|
||Charge for year|915,536|16,500|334,188||1,266,224|
||Disposals|||(7,759)||(7,759)|
||At 31 August 2021|10,458,272|303,875|3,665,871|31,506|14,459,524|
||Net book values||||||
||At 31August 2021|27,152,608|521,125|1,103,847||28,777,580|
||At 31 August 2020|26,572,406|537,625|1,165,065||28,275,096|
||SCHOOL||||||
||Cost||||||
||At 1 September 2020|36,115,142|825,000|4,401,092|31,506|41,372,740|
||Additions|1,495,738||276,737||1,772,475|
||Disposais|||(11,525)||(11,525)|
||At 31 August 2021|37,610,880|825,000|4,666,304|31,506|43,133,690|
||Depreciation||||||
||At 1 September 2020|9,542,736|287,375|3,311,746|31,506|13,173,363|
||Charge for year|915,536|16,500|317,021||1,249,057|
||Disposais|||(7,759)||(7,759)|
||At 31 August 2021|10,458,272|303,875|3,621,008|31,506|14,414,661|
||Net book values||||||
||At 31August 2021|27,152,608|521,125|1,045,296||28,719,029|
||At 31 August 2020|26,572,406|537,625|1,089,346||28,199,377|
##
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##
##
|INVESTMENTS|INVESTMENTS|Unrestricted|||
|---|---|---|---|---|
|||Designated|Restricted|Total|
|Balance|at 1 September 2020 (COIF shares)|351,396|99,925|451,321|
|Increase
in market value||61,912|17,314|79,226|
|Balance|at 31 August 2021 (Group)|413,308|117,239|530,547|
|Shares|in subsidiary|2||2|
|Balance|at 31 August 2021 (School)|413,310|117,239|530,549|
|Income|shares
in COIF" at cost|||292,170|
##
||||
|---|---|---|
|Profit and lo|ss account|2021|
|Turnover||309,267|
|Cost ofsales||(10,894)|
|Gross profit/(loss)||298,373|
|Other income||79,505|
|Administrative|and other expenses|(433,967)|
|Net loss||(56,089)|
|Net assets as|at 31 August 2021|7,811|
##
|DEBTORS||Group|||School||
|---|---|---|---|---|---|---|
|||2021|2020|2021||2020|
|Due within one year:|||||||
|School fees||27,280|49,326|27,280||49,326|
|Trade debtors||5,174|1,276||||
|Sundry debtors||168,927|137,738|168,924||137,717|
|Inter-company|debtor|||53,889||34,118|
|Prepayments||337,024|310,484|334,267||310,484|
|Accrued
income||106,005|35,530|76,907|||
|||644,410|534,354|661,267||531,645|
##
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##
##
##
|||2021|2020|
|---|---|---|---|
|Group|and School|||
|After 5years||392,120|68,961|
|Within|2 to 5years|841,032|446,565|
|Within|1 to 2 years|573,810|495,771|
|||1,806,962|1,011,297|
|Within|1 year|1,050,425|1,194,333|
|||2,857,387|2,205,630|
|Balance|at 1 September 2020|at 1 September 2020|2,205,630|2,367,303|
|---|---|---|---|---|
|New contracts|||1,813,799|991,172|
||||4,019,429|3,358,475|
|Amounts|utilised
in payment|offees|(1,162,042)|(1,1 52,845)|
|Balance|at 31August 2021||2,857,387|2,205,630|
##
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##
##
||The net a|ssets|are held|for the various fun|ds as follows:||||
|---|---|---|---|---|---|---|---|---|
|||||Tangible|||||
|||||Fixed|Investments|Net Current|Long Term||
||Group|||Assets|&Goodwill|Assets|Liabilities|Total|
||||||E||E|F.|
||Endowed|funds||||32,559||32,559|
||Restricted|funds|||117,239|97,223||214,462|
||Unrestricted
funds|||28,777,580|419,593|345,718|(19,234,634)|10,308,257|
|||||28,777,580|536,832|475,500|(19,234,634)|10,555,278|
||School||||||||
||Endowed|funds||||32,559||32,559|
||Restricted|funds|||117,239|97,223||214,462|
||Unrestricted
funds|||28,719,029|413,310|396,458|(19,234,634)|10,294,163|
|||||28,719,029|530,549|526,240|(19,234,634)|10,541,184|
|15a.|ENDOWED FUNDS|||Balance||||Balance|
|||||1 September|Incoming|Resources||31August|
|||||2020|Resources|Expended|Transfers|2021|
|||||E|E||||
||Other Endowed||Funds|23,208|||(3)|23,208|
||Prize Trust|Fund||7,203|||(-)|7,203|
||ECPA (Neville Wood)||||||||
||Leaving Trust|||2,148||||2,148|
|||||32,559|||(3)|32,559|
##
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##
|17.|RECONCILIATION|OF NET INCOMING RESOURCES|OF NET INCOMING RESOURCES|OF NET INCOMING RESOURCES|TO NET||||
|---|---|---|---|---|---|---|---|---|
||CASH INFLOW FROM OPERATIONS||||2021|||2020|
||Net Incoming/(Outgoing)
Resources|||||985,310||(205,380)|
||Depreciation
charge|||1,266,224|||1,297,986||
||Investment
income|received||(14,306)|||(14,124)||
||Profit on sale offixed asset||||||(2,567)||
||Interest received||||(2,923)||(13,049)||
||Interest
paid|||510,414|||435,904||
||Increase
in stock||||||||
||(Increase)/decrease|in debtors||(110,055)|||19,146||
||Increase
in creditors|||1,013,763|||364,997||
||(Decrease)
in provision||||(3,288)||(2,949)||
|||||||2,659,829||2,085,344|
||Net cash inflow from operations|||||3,645,139||1,879,964|
|18.|ANALYSIS OF CHANGES||IN FINANCING||||2021|2020|
||Loans:||||||||
||Balance
1 September 2020||||||16,693,609|13,514,126|
||New loans advanced|||||||3,484,116|
||Loan repayments||||||(694,790)|(304,633)|
||Balance at 31August 2021||||||15,998,819|16,693,609|
|19.|ANALYSIS OF CASH AND||CASH|Balance|Cash|flows|Other|Balance|
||EQUIVALENTS|||1 September|||changes|31August|
|||||2020||||2021|
||Cash at bank and
in|hand||3,752,779|688,456|||4,441,235|
||Bank overdraft||||||||
|||||3,752,779|688,456|||4,441,235|
##
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##
|||||||||||2021
f|2020
f|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|present|value|of|pension|deficit|contributions|payable|(note|22)|12,077|15,365|
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|INCOME AND EX|PENDITURE IM|PACT|||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|Interest expense|||||75|161|
|Remeasurements|—impact of any|change|in assumptions||(16)|140|
|Remeasurements|—amendments|to the contribution||schedule|||
|ASSUMPTIONS|||||||
||||||2021|2020|
||||||%per|%per|
||||||annum|annum|
|Rate ofdiscount|||||0.63|0.55|
##
##
|Office equipment|and vehicles|2021|2020|
|---|---|---|---|
|||E||
|Operating
leases|which expire:|||
|Under one year||43,745|13,582|
|Between two and|five years|30,970|10,348|
|||74,715|23,830|
##