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2021-08-31-accounts

Page Page
Governors, Officers and Advisers 1 - 3
Report of the Directors 4 — 25
Statement of Directors’ Responsibilities 26
Report of the Auditors 27 — 30
Consolidated Statement of Financial Activities 31
Consolidated Balance Sheet 32
Company Balance Sheet 33
Consolidated Cash Flow Statement 34
Notes to the Financial Statements 35
- 55

Current Year Comparison Current
Year Year
2020-2021 2018-2019 Change
Energy Consumption - Gas kwh/year 1,777,180 1,832,882 -3% Reduction
Energy Consumption - Heating Oil kwh/year 0
Energy Consumption - Diesel kwh/year 18,372 15620 18% Increase
Energy Consumption - Petrol kwh/year 0
Energy Consumption - Electricity kwh/year 1,192,113 1,356,526 -12% Reduction
Total Energy kwh/year 2,987,665 3,205,028 -7% Reduction
Emissions
- Gas		 tCO2/year 326.8 337.3 -3% Reduction
Emissions
- Heating Oil		 tCO2/year
Emissions
- Dieset		 tCO2/year 4.4 4.0 10% Increase
Emissions
- Petrol		 tCO2/year
Emissions
- Electricity		 tCO2/year 277.9 347.3 -20% Reduction
Total Emissions tCO2/year 609.1 688.6 -12% Reduction
Total Internal Building Area m2 21,768.8 21,768.8 0% No Change
Numberof Pupils No. 1,289 1,462 -12% Reduction
Intensity Ratio 1 tCO2/m2/year 0.028 0.032 -12% Reduction
Intensity Ratio 2 kWh/m2/year 137 147 -7% Reduction
Intensity Ratio 3 kWh/pupil/year 2,318 2,192 6% Increase
GHG
Reporting
Protocol
-
Corporate
Standard
Methodology plus findings ESOS
from ESOS Phase 2

Utility Energy Consumption C02e Cost Cost
SECR 2020 - 2021 kWh/year % tonnes/year £/year
Electricity 1192113 3990/ 278 £ 268,526
Gas 1777180 59.5°/ 327 £ 46,948
Diesel 18,372 0.6’ 4 £ 2,252
Totals 2,987,665 100% 609 £ 317,726

Emissions Factor 2018 kgCO2/kWh
Electricity 0.256
Natural Gas 0.184
DERV 0.253
Petrol 0.241
Emissions Factor2020 kgCO2/kWh
Electricity 0.233
Natural Gas 0.184
Diesel AV Biofuel Blend 0.241
Petrol Av Biofuel Blend 0.229

THE PORTSMOUTH GRAMMAR SCHOOL REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 AUGUST 2021

STRATEGIC REPORT (continued)

Education Committee

Finance and General Purposes Committee

Audit and Risk Committee

PROVISION OF INFORMATION TO AUDITORS

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

AUDITORS

In accordance with Section 485 of the Companies Act 2006, a resolution proposing the reappointment of Crowe U.K. LLP as auditors of the company will be put to the Annual General Meeting.

This Report of the Directors, prepared under the Charities Act 2011 and the Companies Act 2006, was approved by the Governing Body on 18 January 2022 including in its capacity as company directors approving the Strategic Report contained therein, and is signed as authorised on its behalf by:

Page 25

Crowe �

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE PORTSMOUTH GRAMMAR SCHOOL (CONTINUED)

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non­ compliance and cannot be expected to detect non-compliance with all laws and regulations. These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.orq.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the Charitable Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charitable Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Company and the Company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Janette Jo[y] ce

Senior Statutory Auditor

For and on behalf of

Crowe U.K. LLP

Statutory Auditor

Reading

Date: 25 January 2022

Page 30

Expendable Permanent
Unrestricted Restricted Endowment Endowment Total Totdl
Notes Funds Funds Fund Funds 2021 2020
INCOME AND ENDOWMENTS £ £ £ £ £ £
Charitable activities
School fees receivable 4 16862848 - 16,862,848 16,996,395
Ancillary trading income 5 422,074 - 422,074 703,980
Other trading activities
Activities for generating funds:
Non-charitable trading 7 122,184 - - 122,184 116,154
Other incoming resources 44,574 - - 44,574 66,366
Investments
Investment Income 6 21,040 7,896 5,692 21,133 55,761 86,600
Voluntary sources
Donations 169,352 397,360 - 750,000 1,316,712 373,107
Coronavirus Job Retention
scheme income 51,074 51,074 155,409
Total income 17,693,146 405,256 5,692 771,133 18,875,227 18,498.011
EXPENDITURE ON:
Raising Funds
Non-charitable trading 7 146,611 - - - 146,611 193,650
Financing costs 10 234,975 - 2,428 9,013 246,416 353,043
Fund-raising costs 239,844 - - - 239,844 198,768
Charitable activities:
School operating costs and
grant making 17,493,395 9,896 17,017 - 17,520,308 17,701,076
Total expenditure 8 18,114,825 9,896 19,445 9,013 18,153,179 18,446,537
Net investment gains/(losses) 12 150,752 - 48,702 180,837 380,291 17,273
NET INCOMEI(EXPENDITURE) (270,927) 395,360 34,949 942,957 1,102,339 68,747
Transfer between funds - - - - -
-
NET MOVEMENT IN FUNDS (270,927) 395,360 34,949 942,957 1,102,339 68,747
Fund balances at 1 September 2020 16,933,901 817,506 234.775 4,558,622 22,544,804 22,476,057
Fund balances at 31 August 2021 16662,974 269.724 4j4 22.544.804

COMPANY NUMBER: 03401010 THE PORTSMOUTH GRAMMAR SCHOOL CONSOLIDATED BALANCE SHEET

31 AUGUST 2021

Notes
FIXED ASSETS
Tangible assets
11
Investments
12a
Investment property
12b
CURRENT ASSETS
Stocks
Debtors
14
Cash at bank and in hand
13
CREDITORS:Amounts falling due within
one year
15
NET CURRENT ASSETS
TOT AL ASSETS LESS CURRENT
LIABILITES
CREDITORS:Amounts falling due in
more than one year
16
TOT AL NET ASSETS
FUNDS
Permanent Endowment funds
21a
Expendable Endowment fund
21b
Restricted funds
19
Unrestricted funds
- General
20
TOTAL FUNDS
22		 2021
£
£
22,746,211
2,638,731
7501000
26,134,942
111,571
890,546
~~81~~700~~1~~572
9,702,689
{3~~1~~209~~1~~043)
6A93~~1~~646
32,628,588
{~~8I~~9~~81~~A4~~5l~~
£ 23.647.143
5,501,579
269,724
1,212,866
16~~1~~662~~1~~974
£23.647,143
2020
£
23,076,080
2,277,010
25,353,090
139,949
1,108,969
6,194,62
7,443,380
(3,221,190)
4,222,190
29,575,280
(7,030.76)
£~~225~~44~~,80~~
4,558,622
234,775
817,506
16,933,901
£22,544,804

The surplus for the year in relation to the School only was £854,250 (2020: £87,991). The

financial statements were approved and authorised for issue by the Board on 18 January 2022 .

The notes on pages 35 to 55 form part of these financial statements

Page 32

I

COMPANY NUMBER: 03401010 THE PORTSMOUTH GRAMMAR SCHOOL COMPANY BALANCE SHEET

31 AUGUST 2021

Notes
FIXED ASSETS
Tangible assets
11
Investments
12a
Investment property
12b
CURRENT ASSETS
Stock
Debtors
14
Cash at bank and in hand
13
CREDITORS:Amounts falling due within
one year
15
NET CURRENT ASSETS
TOT AL ASSETS LESS CURRENT
LIABILITIES
CREDITORS:Amounts due in more than
one year
16
TOT AL NET ASSETS
FUNDS
Permanent endowment fund
21a
Restricted funds
19
Unrestricted funds
- General
20
TOTAL FUNDS
22		 2021
19,118,031
2,638,733
750.000
22,506,764
16,506
1,190,214
8,481,242
9,687,962
(4,583.689)
5.104.273
27,611,037
(8,981. 5)
£18.629.592
750,000
1,212,866
16,666.726
£18.629.592
2020
£
19,441,866
2,277,012
21,718,878
12,379
1,478,645
5,958,242
7,449,266
(4,362,326)
3,086,940
24,805,818
(7,030.76)
~~£~~~~17, 534~~2
817,506
16,957,836
~~£~~~~17, 53~~42

The financial statements were approved and authorised for issue by the Board on 18 January 2022.

The notes on pages 35 to 55 form part of these financial statements

Page 33

2021 2020
£ £
Cash flows from operating activities
Net movement in funds per SOFA 1,102,339 68,747
Depreciation 934,965 897,755
Loss on disposal of fixed assets 17,578 -
Investment income (55,761) (86,600)
Interest paid 130,905 197,930
Gain on investments (380,291) (17,273)
Decrease!(increase) in stock 28,378 17,732
(lncrease)/decrease in debtors 218,423 (1,691)
(Decrease)/increase in creditors (264,394) (408,234)
Cash provided by operating activities 1,732,142 668,366
Cash flows from investing activities
Payments to acquire tangible fixed assets (622,674) (947,654)
Payments to acquire fixed asset investments (335,960) (282,707)
Payments to acquire fixed asset investment property (750,000) -
Proceeds on disposal of fixed asset investments 346,803 242, 194
Interest paid (130,905) (197,930)
Investment income 55,761 86600
Cash used in investing activities (1,436,975) (1,099,497)
Cash flows from financing activities
Bank loan repaid (672,771) (2,037,599)
New bank loan 2,500,000 1528,237
Cash used in financing activities 1,827,229 (509,362)
Advance fees scheme
Payments on account utilised 18 (1,090,129) (1, 193, 165)
Receipts from new contracts 1,466,116 902,766
Cash (used in) / provided by advance fees 375,987 (290,399)
lncrease/(Decrease) in cash and cash equivalents in the year 23 2,498,383 (1,230,892)
Cash and cash equivalents at the beginning of the year 6,218,433 7,449,325
Total cash and cash equivalents at the end of the year £ 8,716,816 £ 6.218,433
Analysis of cash and cash equivalents:
Cash at bank and in hand 13 8,700,572 6,194,462
Cash held with investment manager 12 16,244 23,971
£ 8,716,816 £ 6,218.433

2021 2020
£ £
School fees receivable consist of:
Gross fees 19,463,525 19,172,792
Less:
Foundation bursaries (1,427,258) (1,301, 146)
Scholarships, prizes, discounts and allowances (1,173,419) (875251)
£16.862,848 £16996395

NCILLARY TRADING INCOME
2021 2020
£ £
Lunches 251,623 363,461
School trips 74,328 227,218
Registration fees 18,150 15,700
Fee protection insurance 19,960 17,697
Events and fundraising 9,790
Sale of goods 6,478 14,383
Other ancillary income 51,535 55,731
£ 422,074 £ 703.980

NVESTMENT INCOME
2021 2020
£ £
Rental income 7,896 -
Dividend income 44,772 46, 132
Bank interest 3,093 40,468
£ 55,761 £ 86.600

RADING SUBSIDIARY
2021 2020
PGS PROMOTIONS LIMITED £ £
Turnover 171,875 164,785
Cost of sales (109,191) (125,506)
Gross profit 62,684 39,279
Administrative expenses (42,502) (73,635)
Other operating income - 2,720
Net profit/(Ioss) £ 20,182 £ (31.636)
Retained earnings at the beginning of the year (23,936) 8,927
Profit! (loss) for the year 20,182 (31,636)
Gift aid donation (1,227)
Retained earnings at the end ofthe year (3,754) (23.936)

Staff costs Depreciation Depreciation Other 2021 2020
£ £ £ £ £
Charitable activities
Teaching costs 10,426,304 435,623 1,080,614 11,942,541 12,177,314
Welfare costs 490,907 - 349,182 840,089 943,272
Premisescosts* 679,622 498,518 1,294,379 2,472,519 2,228,085
Support costs 1,255,187 - 992,955 2,248,142 2,336,538
School’s operating
costs 12.852,020 934,141 3,717,130 17,503,291 17,685,209
Raising Funds
Financing costs - - 234,975 234,975 342,229
Fund-raising costs 167,174 72,670 239,844 198,768
167.174 307,645 474,819 540,997
TOTAL FOR
SCHOOL 13,019,194 934,141 4,024,775 17.978,110 18,226,206
Subsidiary trading
and finance costs 27,678 824 118,109 146,611 193,650
Endowmentfund - - 9.013 9,013 8,520
The Arthur Darby
NockTrust 19,445 19,445 18,161
TOTAL FOR
GROUP £13,046,872 £ 934.965 £ 4.171.342 £18,153,179 £18,446,537

OTAL RESOURCES EXPENDED (continued)
2021 2020
£ £
Total staff costs comprised:
Wages and salaries 10,276,850 10,369,731
Social security costs 937,695 963,910
Pension contributions 1,736,254 1,758,840
Other 96,073 89,613
£13,046,872 £13,182,094
The average number of employees in the period was 324 broken down as follows:
2021 2020
Average number of teaching staff:
FuliTime 113 117
Part Time 65 64
Total 178 181
Average number of support staff
Full Time 70 76
Part Time 76 75
Total 146 151
Total all staff 324 332
2021 2020
No. No.
£60,000-70,000 8 8
£70,000
-		 £80,000 3 3
£80,000
-		 £90,000 2 2
£100,000 - £110,000 1 1
£130,000 - £140,000 1 1

2021 2020
£ £
Net income is stated after charging:
Auditors’ remuneration - Audit — School 21,800 21,400
- Audit — Subsidiary 5,200 5,100
- Other services 1,000 1,060
- Corporation tax compliance 850 1,500
Operating leases 85,479 94,805
Depreciation 934,965 897,755
NANCING COSTS
2021 2020
£ £
Bank loan and overdraft interest 130,905 197,930
Bankcharges 9,841 10,196
Bad debts 53,615 94,717
Other financing costs 52,055 50,200
£ 246,416 £ 353.043

Fixtures,
fittings,
Freehold computer
land and equipment & Motor
GROUP buildings plant vehicles Total
£ £ £ £
COST
At 1 September2020 26,923,668 8,857,290 65,012 35,845,970
Additions 213,097 409,577 - 622,674
Disposals - (3249,764) (3,249,764)
At31 August2021 27,136,765 6,017,103 65,012 33218,880
DEPRECIATION
At 1 September2020 5,250,890 7,457,496 61,504 12,769,890
Charge for the year 469,032 465,231 702 934,965
Disposals - (3,232,186) - (3,232,186)
At 31 August 2021 5,719,922 4,690,541 62,206 10,472,669
NET BOOK VALUE
At 31 August 2021 £21,416,843 £1,326,562 £ 2,806 £ 22,746,211
At3lAugust2020 £21,672,778 £1,399,794 £ 3,508 £ 23,076,080
SCHOOL
COST
At 1 September 2020 23,298,784 8,713,953 53,787 32,066,524
Additions 213,097 409,577 - 622,674
Disposals - (3,130,200) - (3,130,200)
At 31 August 2021 23,511,881 5,993,330 53,787 29,558,998
DEPRECIATION
At 1 September 2020 5,250,890 7,321,135 52,633 12,624,658
Charge for the year 469,032 464,878 231 934,141
Disposals - (3,117,832) - (3,117,832)
At31 August2021 5,719,922 4,668,181 52,864 10,440,967
NET BOOK VALUE
At 31 August 2021 £17,791,959 £1.325.1 49 £ 923 £ 19,118,031
At3lAugust2020 £18,047,894 £1,392,818 £ 1.154 £ 19,441,866

GROUP
2021 2020
£ £
UK Listed investments
At 1 September 2020 2,253,039 2,195,253
Additions 335,960 282,707
Disposals (346,803) (242,194)
Investment gains 380,291 17.273
Marketvalue of investments 2,622,487 2,253,039
Cash held for investment 16,244 23,971
Total investment at 31 August 2021 £
2.638.731		 £ 2.277.010
Historical Cost £
2.035.203		 £ 1.975.245
SCHOOL
Listed Unlisted Total
£ £ £
At 1 September 2020 2,253,039 2 2,253,041
Additions 335,960 - 335,960
Disposals (346,803) - (346,803)
Investment gains 380,291 - 380,291
Market value of investments 2,622,487 2 2,622,489
Cash held for investment* 16,244 16,244
At 31 August 2021 £ 2,638,731 £ 2 £ 2,638,733
Historical cost £ 2.035.203 £ 2 £ 2,035,205

ROUP AND SCHOOL
2021 2020
£ £
At 1 September 2020 -
Additions 750,000
Market Value at 31 August 2021 750,000 £ -
Historical Cost 750,000 £ -

13. CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS
Group School
2021 2020 2021 2020
£ £ £ £
Cash at bank and in hand 8,700,572 6,194,462 8,481,242 5,958,242
£ 8,700,572 £6,194,462 £ 8,481,242 £ 5,958,242
14. DEBTORS
Group School
2021 2020 2021 2020
£ £ £ £
Trade and parental debt 336,141 449,961 253,524 390,097
Amounts due from
group undertakings 387,641 435,428
Prepayments and
otherdebtors 495,197 557,966 489,841 552,078
Deferred expenditure 59,208 101,042 59,208 101,042
£ 890,546 £1,108,969 £ 1,190,214 £ 1,478,645
Group School School
2021 2020 2021 2020
£ £ £ £
Bank loan (note 17) 584,822 625,367 584,822 625,367
Trade creditors 500,858 477,520 500,858 477,520
Amounts owed to group
undertakings - - 1,396,421 1,168,513
Deposits in advance 123,781 82,300 123,781 82,300
Othercreditors 188,597 211,441 188,597 211,441
Accruals 468,088 773,957 447,426 746,580
Deferred income (note 18) 1,106,107 813,315 1,106,107 813,315
Other taxes and social
security 236,790 237,290 235,677 237,290
£3,209,043 £3,221,190 £4,583,689 £4,362,326
Group School
2021 2020 2021 2020
£ £ £ £
Bank loans (note 17) 7,980,938 6,113,164 7,980,938 6, 113,164
Deferred income (note 18) 1,000,507 917,312 1,000,507 917,312
£8,981,445 £7,030,476 £8,981,445 £7,030,476

ne term’s notice.
Assuming pupils will
ollows:		 remain in the school, a dvance fees will b e applied a
2021 2020
£ £
Within one year 1,106,107 813,315
Within 1 to 2 years 352,764 378,542
Within 2 to 5 years 510,273 397,326
Over five years 137,470 141,444
£ 2,106,614 £ 1,730.627
Balance at 1 September 2020 1,730,627 2,021,026
New contracts 1,466,116 902, 766
Amounts accrued to contracts 3,196,743 2,923,792
Amounts utilised in payment of fees to the school (1,090,129) (1,193, 165)
Balance at 31 August 2021 £ 2,106.614 £ 1.730.627

ROUP AND SCHOOL
Atl Transfers At31
September Incoming Resources between August
Fund name 2020 Resources expended funds 2021
£ £ £ £ £
William Smith Fund 732,240 396,759 - - 1,128,999
Geoff Foley Innovation
and Creativity 14,860 - - - 14,860
Wilkie Scholarship Fund - 7,896 (7,896) - -
Other 70,406 601 (2,000) 69007
Total £ 817,506 £ 405.256 £ (9.896 £ - £1.212.866
ROUPAND SCHOOL (2020comparative)
Ati Transfers At31
September Incoming Resources between August
Fundname 2019 Resources expended funds 2020
£ £ £ £ £
William Smith Fund 495,446 236,794 - - 732,240
GeoffFoley Innovation
and Creativity 14,880 - (20) - 14,860
Other 68,206 2,495 (295) 70,406
Total £ 578,532 £ 239.289 £ (315) £ - £ 817.506

GROUP
Ati At31
September Incoming Resources Gains! Transfer August
Fund name 2020 resources expended (losses) between 2021
funds
£ £ £ £ £ £
General 16,933,901 17,693,146 (18,114.825) 150,752 16,662,974
Total £ 16.933.901 £ 17.693.146 £(18.114.825) £ 150.752 £ 16,662.974
SCHOOL
General 16,957,836 17,576,044 (18,017,906) 150,752 16,666,726
Total £ 16.957.836 £ 17.576.044 £(18.017.906) £ 150.752 £16666726

GROUP
Ati At31
September Incoming Resources Gains! Transfer August
Fund name 2020 resources expended (losses) between 2021
tunds
£ £ £ £ £ £
Investment
Property Fund - 750,000 - - 750,000
Trust 4558,622 21,133 (9,013) 180,837 4,751,579
Total £ 4.558.622 £ 771.133 £ (9.013) £ 180,837 £ 5.501.579
SCHOOL
Investment - 750,000 - - 750,000
Property Fund
Totai £ 750.000 £ - £ 750.000

ROUP
Atl At31
September Incoming Resources Gains! Transfer August
Fund name 2020 resources expended (losses) between 2021
funds
£ £ £ £ £ £
AD Neck 234,775 5,692 (19,445) 48,702 - 269,724
Total £ 234,775 £ 5692 £ (19.445) £ 48.702 £ - £ 269.724

2021
GROUP
Current Current Long term
Fund name Fixed assets Investments assets liabilities liabilities Total
£ £ £ £ £ £
Permanent
endowment 3,624,884 750,000 1,211,590 (84,895) - 5,501,579
Restricted - - 1,212,866 - - 1,212,866
Expendable
endowment - - 401,393 (131,669) - 269,724
Unrestricted 19,121,327 2,638,731 6,876,840 (2,992,479) (8.981,445) 16,662,974
Total £ 22.746.211 £ 3.388.731 £9J02.fi89 £ (3.209Q4) £ (8.981,445) £ 23.647.143
SCHOOL
Permanent
endowment - 750,000 - - - 750,000
Restricted - - 1,212,866 - - 1,212,866
Unrestricted 19.118,031 2,638,733 8.475,096 (4.583,689) (8.981,445) 16,666,726
Total £19118031 £ 3.388.733 £ 9.687.962 £(4.583.689) £ (8.981.445) £18,629,592
2020
GROUP
Current Current Long term
Fundname Fixedassets Investments assets liabilities liabilities Total
£ £ £ £ £ £
Permanent
endowment 3,624,884 - 1,039,766 (106,025) - 4,558,622
Restricted - - 817,506 - - 817,506
Expendable
endowment - - 355,117 (120,342) - 234,775
Unrestricted 19,451,196 2,277,010 5,230,991 (2,994,820) (7,030.476) 16,933,901
Total £23,076,080 £ 2,277.010 £ 7.443.380 £ (3.221.190) £ (7.030.476) £ 22.544.804
SCHOOL
Restricted - - 817,506 - - 817,506
Unrestricted 19,441,866 2,277,012 6,631,760 (4,362,326) (7,030,476) 16,957,836
Page 50

2021 2020
£ £
Increase / (Decrease) in cash in the year 2,498,383 (1,230,892)
Net loan repayments (1,827,229) 509,362
Net advance fees movements (375,987) 290,399
Change in netdebt 295,167 (431,131)
Net debt at 1 September 2020 (2,250,725) (1,819,594)
NET DEBT AT 31 AUGUST 2021 £ (1,955,558) £(2,250,725)

ALYSIS OF CHANGE IN NET DEBT
Netdebtas at Net debt as
31 August Cash at 31 August
2020 Change 2021
£ £ £
Cash at bank and in hand 6,194,462 2,506,110 8,700,572
Cash at investment manager 23,971 (7,727) 16,244
Loans (6,738,530) (1,827,230) (8,565,760)
Advance fees scheme (1,730,628) (375,986) (2,106,614)
£(2,250,725) £ 295.167 £(1,955,558)

perating leases as follows:
Other operating leases
2021 2020
£ £
GROUP
Within one year 75,218 85,479
Between one and five years 13,617 89,020
Over 5 years
£ 88,835 £ 174,499
SCHOOL
Within one year 57,096 61,606
Between one and five years 13,433 70,529
Over 5 years
£ 70,529 £ 132.135

Investment property
2021 2020
£ £
GROUP AND SCHOOL
Within one year 21,600 -
Between one and five years 86,400 -
Over 5 years 37,800
£ 145.800 £ -

2021 2020
£ £
Group
Financial assets measured at amortised cost 9,278,779 6,975,975
Financial liabilities measured at amortised cost 8,409,933 6,230,653
Financial assets measured at fair value 3,388,729 2.277.010
The group’s income, expense, gains and losses in respect of financia
summarised below:		 l instruments a re
2021 2020
£ £
Interest income and expense:
Total interest income forfinancial assets held at amortised cost 55,761 86,600
Total income for financial assets held at fair value 43,547 29,119
Total interest expense for financial liabilities held at amortised cost 130.905 198,337
2021 2020
£ £
School
Financial assets measured at amortised cost 9,359,117 7,109,431
Financial liabilities measured at amortised cost 9,827,016 7,426,543
Financial assets measured at fair value 3.388.731 2.277.008
2021 2020
£ £
Interest income and expense:
Interest income 55,761 86,600
Total income for financial assets held at fairvalue 16,722 18,153
Interest expense 130.905 197.930

29.
COMPARATIVE STATEME		 NT OF FINANCIA L ACTIVITIES
Expendable Permanent
Unrestricted Restricted Endowment Endowment Total
Funds Funds Fund Funds 2020
INCOMEAND ENDOWMENTS £ £ £ £ £
Charitable activities
Schoolfees receivable 16,996,395 16,996,395
Ancillary trading income 703,980 703,980
Other trading activities
Activities forgenerating funds:
Non-charitable trading 116,154 - 116,154
Other incoming resources 66,366 - 66,366
Investments
Investment Income 57,481 - 6,178 22,941 86,600
Voluntarysources
Donations 133,818 239,289 373,107
Coronavirus Job Retention
scheme income 155,409 155,409
Total income 18,229,603 239,289 6,178 22,941 18,498,011
EXPENDITURE ON:
Raising Funds
Non-charitable trading 193,650 - 193,650
Financing costs 342,229 - 2,294 8,520 353,043
Fund-raising costs 198,768 - 198,768
Charitable activities:
School operating costs and
grant making before exceptional
write-offcosts 17,684,894 315 15,867 17,701,076
Exceptional write-off offixedassets
Total charitable activities 17,684,894 315 15,867 17,701,076
Total expenditure 18,419,541 315 18,161 8,520 18,446,537
Netinvestmentgains/(Iosses) 6,093 - 2,372 8,808 17,273
NET INCOME/(EXPENDITURE) (183,845) 238,974 (9,611) 23,229 68,747
Transferbetween funds
NETMOVEMENT IN FUNDS (183,845) 238,974 (9,611) 23,229 68,747
Fundbalances at 1 September2019 17,117,746 578,532 244,386 4,535,393 22,476,057
Fundbalances at 31 August2020 901 817506 234.775 4558622 22544804