2020-08-31-accounts

			Pages
Governors and company		information	1-2
Governors' report			3-12
Independent auditors'	report		13-15
Statement offinancial	activities		16
Balance sheet			17
Statement ofcash flows			18
Accounting policies			19-22
Notes to financial statements			23-33

Governors		Lady P A Harding —Chairman	Lady P A Harding —Chairman	Lady P A Harding —Chairman
The Governors ofStJohn's School		Mrs LCavanagh
are directors ofthe Charitable	Company	Mr SEverson
and trustees ofthe Charity.		Mrs E K Fenwick
		Mr J C Fowler
		Mr P R Henson
		Mr P R MacDougall
		Mr M A L Robb
		Mr R A D Sullivan
		Mrs N Walker
The Headmaster		Mr M S Robinson,	BSc
Bursar		Mr N EStone MA
Company secretary		Mr N EStone MA
Registered office		Potter Street Hill
		Northwood
		Middlesex
		HA6 3QY
Registered numbers		Company registration		number: 3411518
		Charity registration	number: 1063738
Auditors		Saffery Champness	LLP
		71Queen Victoria	Street
		London
		EC4V 4BE
Bankers		Barclays Bank Pic
		62-64 High Street
		Watford
		Herts
		WD17 2BT
Solicitors		Charles Russell Speechly
		5 Fleet Place
		London
		EC4M 7RD

Insurance	brokers		Marsh Limited
			Capital House
			1-5Perrymount	Road
			Haywards Heath
			West Sussex
			RH16 3SY
Investment	fund	managers	Rathbone Brothers Pic
			8 Finsbury Circus
			London
			EC2M 7AZ

Donations	to national charities in recent years:
2015	WaterAid	f20,000
2016 2017 2018	Great Ormond Street Hospital PHAB (People have ability) Whizz-kidz	f15,000 f11,000 f16,857
2019 2020	Magic Breakfast Play Skill	f10,819 f 6,749

					Unrestricted	Restricted	2920	2919.
					funds	funds	Total	Total
							funds	funds
		Notes					E	E
Income from
Charitable activities
School fees receivable		2			4,783,424		4,783,424	5,012,056
Registration/fees insurance	discount	3a			21,068		21,068	27,615
Other ancillary income - music		sb			160		160	583
Other trading activities
Other ancillary income —rents/lettings		3c			20,775		20,775	16,148
Other ancillary income		3d			6,529		6,529	9,180
Government Grant		3e		'		110,068	110,068
Interest receivable		sf			10,464		10,464	15,071
Investments		sf			76,397		76,397	112,330
Donations from MT Company					22,589		22,589	21,620
Total Income					4,941,406	110,068	5,051,474	5,214,603
Expenditure on
Raising funds
Bank interest		5	'		3,328		3,328	2,738
Investment management		5			11,267		11,267	16,173
					14,595		14,595	18,911
Charitable activities
School and grant-making					4,867,724	110,068	4,977,792	4,888,662
Total expenditure					4,882,319	110,068	4,992,387	4,907,572
Net income before investments					59,087		59,087	307,030
Gain/(loss) on investments					(64,707)		(64,707)	12,951
Net income/expenditure					(5,620)		(5,620)	319,981
Transfer between funds		6			1,250	(1,250)
Net movement in funds					(4,370)	(1,250)	(5,620)	319,981
Fund balances at 1September 2019					7,344,049	5,000	7,349,049	7,029,068
Fund balances at31August	2020				7,339,679	3,750	7,343,429	7,349,049

				2020		2019
		Notes		f
Fixed assets
Investments				1,974,935		3,974,514
Tangible fixed assets				4,199,925		1,996,071
				6,174,860		5,970,585
Current assets
Stocks		9	5,399		5,662
Debtors		10	72,575		34,513
Cash			2,133,900		2,368,890
			2,211,874		2,409,065
Creditors: due within one
year			913,705		898,216
Net current	assets			1,298,169		1,510,849
Total assets	less current
liabilities				7,473,029		7,481,434
Creditors: due after more
than one year		12		129,600		132,385
Total net assets				7,343,429		7,349,049
Restricted funds		13a		3,750		5,000
Unrestricted	funds
Designated	and general
funds		13b		7,339,679		7,344,049
Total funds				7,343,429		7,349,049

				2020		2019
		Notes		f		f
Net cash flows from
operating activities:		14		264,351		842,569
Cash flows from investing
activities:
Investment income			86,861
Purchase ofproperty, plant
and equipment			(2,521,233)		(523,744)
Proceeds from sale of
investments			1,174,222		1,064,603
Purchase ofinvestments			(191,430)		(192,568)
Proceeds from sale ofassets
Net cash used in investing
activities				(1,451,580)		348,291
Cash flows from financing
activities
Movement in final deposits			(1,500)		3,485
Net cash (out)/in financing				(1,500)		3,485
activities
Change in cash and cash
equivalents in the reporting
period				(1,188,729)		1,194,345
Cash and cash equivalents	b/f	15		3,574,734		2,380,389
Cash and cash equivalents	at
31August		15		2,386,005		3,574,734

School fees	School fees
					2020	2019
					f
	The school's fee income comprised:
	Gross fees				5,355,528	5,066,392
	Less: Summer Term	Discounts			(483,249)
	Less:Total bursaries,	grants and allowances			(88,855)	(54,336)
					4,783,424	5,012,056
Other	income
					2020	2019
					f	f
a.	Other educational charitable		activities
	Registration fees				12,300	17,800
	Fees insurance discount				8,768	9,815
					21,068	27,615
	Other ancillary income
b.	Music income				160	583
c.	Rent and lettings				20,775	16,148
d.	Deposits forfeited and other		miscellaneous	income	6,529	9,180
e.	Government grant				110,068
					137,532	25,911
	Interest receivable
f.	Bank interest receivable				10,344	15,071
	Interest on late fees				120
	Investment income				76,397	112,330
					86,861	127,401
g.	Company Income				22,589	21,620

				2020	2019
				f	f
	Charitable activity expenditure		includes:
a.	Interest payable			3,328	2,738
	Support costs includes:
b.	Auditors' remuneration	for audit	services	8,500	8,400
	Total staff costs comprised:
	Wages and salaries			2,688,682	2,687,412
	Social security costs			279,777	269,342
	Pension contributions			531,626	386,678
	Termination Costs			28,333
				3,528,418	3,343,432
	The number ofhigher paid employees was:
	660,001 —E70,000
	670,001 —f80,000
	f80,001 —f90,000
	690,001 —E100,000
	6100,001 - E110,000
	E110,001 - 6120,000
	6120,001 - f130,000
	E130,001 - f140,000

Employees: full	time equivalent	time equivalent	Number	Number
Teaching —full time			29	29
Teaching —part	time		4	4
Administration,	technicians,	estate and maintenance
Staff —full time			22	22
Staff —part time			10	10
			65	65

				Staff	Other	Depreciation	Total
				costs	costs		2020
				f	f	f	f
Costs ofraising funds
Investment	management		fees		11,267		11,267
Bank interest charges					3,328		3,328
					14,595		14,595
Charitable	activities
Teaching				2,989,676	252,825		3,242,501
Welfare				111,033	83,652		194,685
Premises				256,945	436,782	153,065	846,792
Support costs ofschooling				170,764	358,736	164,314	693,814
				3,528,418	1,131,995	317,379	4,977,792
Total resources expended				3,528,418	1,146,590	317,379	4,992,387
Analysis of	expenditure	—previous		year
				Staff	Other	Depreciation	Total
				costs	costs		2019
				f	f	f	f
Costs ofraising funds
Investment	management		fees		16,173		16,173
Bank interest charges					2,738		2,738
					18,911		18,911
Charitable	activities
Teaching				2,809,879	283,342		3,093,221
Welfare				111,858	110,985		222,843
Premises				258,588	470,527	168,528	897,643
Support costs ofschooling				163,107	377,775	134,073	674,955
School's operating costs				3,343,432	1,242,629	302,601	4,888,662
Total resources expended				3,343,432	1,261,540	302,601	4,907,573

School has been	tran	sferred from the restricted fund as un	der:
			2020	2019
			f	f.
Pre-preparatory	refurbishment		1,250	1,250
			1,250	1,250
ixed asset investments
			Investments
			2020	2019
			f	f
At 1September			2,768,669	3,627,690
Additions at cost			191,430	192,568
Disposals			(1,174,222)	(1,118,735)
Unrealised gains	and	losses	(63,047)	67,147
At 31August			1,722,830	2,768,670
Add cash			252,105	1,205,844
			1,974,935	3,974,514
Historical cost ofInvestments			1,703,770	3,508,676
Quoted investments		are made up as follows
UK equities			821,380	848,125
UK bonds			228,819	246,604
Overseas bonds			44,120	67,657
Overseas equities			612,236	427,614
Actively managed			16,275	1,030,588
Other UK				148,082
Cash			252,105	1,205,844
			1,974,935	3,974,514

			Buildings and	Assets	Plant and	Furniture	Furniture		Total
			leasehold	under	motor		and		2020
			improvements f	construction f	vehicles f	equipment f
	Costs or revaluation
	1September 2019		4,999,443	309,448	220,281	2,000,130		7,529,302
	Additions			2,499,104	6,002		16,127	2,521,233
	Disposals
	Transfers
	31August 2020		4,999,443	2,8085520	226,283	2,016,257		10,050,535
	Depreciation
	1September 2019		3,748,291		220,281	1,564,659		5,533,231
	Charge for year		153,065		828		163,486		317,379
	Disposals
	31August 2020		3,901,356		221,109	1,728,145		5,850,610
	Net book value
	31August 2020		1,098,087	2,808,552	5,174		288,112	4,199,925
	31August 2019		1,251,152	309,448			435,471	1,996,071
	Stock
						2020		2019
						f		f
	Consumables					1,809		1,796
	Goods for resale					3,590		3,866
						5,399		5,662
10.	Debtors
						2020		2019
						f		f
	Trade debtors							7,495
	Prepayments	and	accrued income			61,025		16,036
	Related party	debtors
	Other debtors					11,550		10,982
						72,575		34,513

11.	Creditors: due within one year	Creditors: due within one year
			2020	2019
			f
	Final term deposits		13,100	11,600
	Related party		1,070
	Trade creditors			102,986
	School fees in advance		159,289	355,686
	Accruals and deferred	income	59,915	29,700
	Other creditors		680,331	383,574
			913,705	898,216
12.	Creditors: due after more than one year
			2020	2019
			f	f
	Final term deposits:
	Within 1to 2years		27,600	11,600
	Within 2to 5years		49,200	49,600
	After 5years		52,800	71,185
			129,600	132,385
	Final term deposits:
	Within 1year		13,100	11,600
			142,700	143,985
13.	Net assets ofthe fund

		Fixed	Net current	Long term	Total
		assets	assets	liabilities	2020
		f	f	f	f
Restricted funds		3,750			3,750
Unrestricted	and designated
Funds		5,674,678	1,794,601	(129,600)	7,339,679
		5,678,428	1,794,601	(129,600)	7,343,429

			Fixed	Net current	Long	term	Total
			assets	assets	liabilities		2019
			f	f		f	f
Restricted funds			5,000				5,000
Unrestricted	and	designated
Funds			5,965,585	1,510,849	(132,385)		7,344,049
			5,970,585	1,510,849	(132,385)		7,349,049
estricted funds:		movements	in the year
			Balance	Net	Resources	Transfers	Balance
			1-Sep-2019	incoming	Expended	between	31-Aug-2020
				resources		funds
						E
Government	Grant			110,068	(110,068)
Pre-preparatory		refurbishment	5,000			(1,250)	3,750
			5,000	110,068	110,068	(1,250)	3,750

		Balance	Net	incoming	Transfers	Balance
		1-Sep-2018		resources	between	31-Aug-2019
					funds
					f
Pre-preparatory	refurbishment	6,250			(1,250)	5,000
		6,250			(1,250)	5,000

		Balance	Incoming	Resources	Other gains	Transfers	Transfers	Balance
		1-Sep-2019 f	resources g	expended f	and losses f	between	funds f	31-Aug-2020 f
Designated-
Bursary	fund	801,240	28,859	(3,318)	(10,224)		(153)	816,404
Genera	I reserve	6,542,809	4,912,547	(4,879,001)	(54,483)		1,403	6,523,275
		7,344,049	4,941,406	(4,882,319)	(64,707)		1,250	7,339,679

	Balance	Incoming	Resources	Other gains	Transfers	Balance
	1-Sep-2018f	resources	expended f	and losses g	between funds f	31-Aug-2019 6
Designated-
Bursary fund	757,399	30,532	(6,680)	19,989		801,240
General reserve	6,265,419	5,184,071	(4,900,893)	(7,038).	1,250	6,542,809
	7,022,818	5,214,603	(4,907,573)	12,951	1,250	7,344,049

	At 1	September	Cash Flows	Other	non	cash	At 31	August
	2019			changes			2020
Cash and cash
equivalents
Cash		2,368,890	(234,990)				2,133,900
Cash equivalents		1,205,844	(953,739)					252,105
Total		3,574,734	(1,188,729)				2,386,005

Land and buildings:
	2020	2019
	f
Operating leases which expire:
In less than 1year	234,000	234,000
Two to five years	936,000	936,000
In more than 5years	663,000	897,000
	1,833,000	2,067,000

0. Comparative	information
		unrestricted	Restricted	2019
		funds	funds	Total
				fundsf
Income from
Charitable activities
School fees receivable		5,012,056		5,012,056
Registration/fees insurance	discount	27,615		27,615
Other ancillary income - music		583		583
Other trading activities
Other ancillary income - rents/lettings		16,148		16,148
Other ancillary income		9,180		9,180
Interest receivable		15,071		15,071
Investments		112,330		112,330
Donations from MT Company		21,620		21,620
Total Income		5,214,603		5,214,603
Expenditure on
Raising funds
Bank interest		2,738		2,738
Investment management		16,173		16,173
		18,911		18,911
Charitable activities
School and grant-making		4,888,662		4,888,662
Total expenditure		4,907,573		4,907,573
Net income before investments		307,030		307,030
Gain/(loss) on investments		12,951		12,951
Net income/expenditure		319,981		319,981
Transfer between funds		1,250	(1,250)
Net movement in funds		321,231	(1,250)	319,981
Fund balances at 1September 2018		7,022,818	6,250	7,029,068
Fund balances at31August	2019	7,344,049	5,000	7,349,049