## ||||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|