2021-08-31-accounts - Westminster Cathedral Choir School

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`Reports`
Referenceandadministrativedetailsof	the
charityanditsCorporateTrustee	1
ReportofthedirectorsoftheCorporate
Trustee	3
Independentauditor'sreport	13
Accounts
Statementoffinancialactivities	17
Balancesheet	18
Statementofcashflows	19
Principalaccountingpolicies	20
Notestotheaccounts	25

30 March 2022

		Un-			Un-
		restricted	Restricted	Total	restricted	Restricted	Total
		`funds`	`funds`	`2021`	`funds`	`funds`	`2020`
	Notes	£	£	£	£	£	£
Incomefrom:
Donationsandlegacies	1	118,469	51,213	169,682	254,259	46,559	300,818
Charitableactivities
.Provisionofeducation	2	5,118,664	—	5,118,664	4,482,447	—	4,482,447
Othersources
Government'sCoronavirus
JobRetentionScheme		—	—	—	93,686	—	93,686
Totalincome		5,237,133	51,213	5,288,346	4,830,392	46,559	4,876,951
Expenditureon:
Charitableactivities
Provisionofeducation	3	4,554,032	25,085	4,579,117	4,269,874	18,987	4,288,861
Totalexpenditure		4,554,032	25,085	4,579,117	4,269,874	18,987	4,288,861
Netincome
beforetransfers		683,101	26,128	709,229	560,518	27,572	588,090
Transfersbetweenfunds	11	—	—	—	(240,456)	240,456	—
Netincome
andnetmovementinfunds		683,101	26,128	709,229	320,062	268,028	588,090
Reconciliationoffunds
Balancesbroughtforward
at1September2020		1,754,399	334,340	2,088,739	1,434,337	66,312	1,500,649
Balancescarriedforward
at31August2021		2,437,500	360,468	2,797,968	1,754,399	334,340	2,088,739

		`2021`	`2021`	`2020`	`2020`
	Notes	£	£	£	£
Fixedassets
Tangibleassets	7		1,325,464		1,355,293
Currentassets
Debtors	`8`	`307,348`		498,968
Cashatbankandinhand		3,265,724		`2,482,736`
		3,573,072		2,981,704
Creditors.amountsfallingdue
withinoneyear	9	(1,446,408)		(1,630,598)
Netcurrentassets			2,126,664		1.351.106
Totalassetslesscurrentliabilities
			3,452,128		2,706,399
Creditors:amountsfallingdue
aftermorethanoneyear	`10`		`(654,160)`		(617,660)
Totalnetassets			2,797,968		2,088,739
Thefundsofthecharity:
Fundsandreserves
Restrictedfunds	`11`		360,468		334,340
Unrestrictedincomefunds
Generalfund
.Tangiblefixedassets		1,325,464		1,355,293
..Freereserves		1,112,036		399,106
			2,437,500
			2,797,968		2,088,739

		`2021`	`2020`
	Notes	£	£
Cashflowsfromoperatingactivities:
Netcashprovidedbyoperatingactivities	A	866,920	1,096,815
Cashflowsfrominvestingactivities:
Purchaseoftangiblefixedassets		(83,932)	(125,934)
Netcashusedininvestingactivities		(83,932)	(125,934)
Changeincashandcashequivalentsintheyear		782,988	970,881
Cashandcashequivalentsat1September2020	B	2,482,736	1,511,855
Cashandcashequivalentsat31August2021	B	3,265,724	2,482,736

	Notestothestatementofcashflowsfortheyearto31August	2021
A	Reconciliationofnetmovementinfundstonetcashprovided	byoperatingactivities
		`2021`	`2020`
		`£`	`£`
	Netmovementinfunds(asperthestatementoffinancialactivities)	709,229	588,090
	Adjustmentsfor:
	Depreciationcharge	191,893	193,037
	Decreaseindebtors	207,968	9,130
	(Decrease)increaseincreditors	(242,170)	306,558
	Netcashprovidedbyoperatingactivities	866,920	1,096,815
B	Analysisofcashandcashequivalents
		`2021`	`2020`
		`£`	`£`
	Totalcashandcashequivalents:Cashatbankandinhand	3,265,724	2,482,736

	Un-			Un-
	restricted	Restricted	Total	restricted	Restricted	Total
	`funds`	`funds`	`2021`	`funds`	`funds`	`2020`
	£	£	£	£	£	£
Grantsreceivablefrom
WestminsterCathedralChoir
SchoolFund(RegisteredCharity
Number276878)	90,000	—	90,000	90,000	-	90,000
Legaciesreceivable	178	-	178	146,770	-	146,770
Otherdonations,giftsandsundry
receipts	28,291	51,213	79,504	17,489	46,559	64,048
Totalfunds	118,469	51,213	169,682	254,259	46,559	300,818

ncomefrom:Provi	sionofeducati	on
	Un-			Un-
	restricted	Restricted	Total	restricted	Restricted	Total
	`funds`	`funds`	`2021`	`funds`	`funds`	`2020`
	`£`	`£`	`£`	`£`	`£`	`£`
Grossfees	5,154,355	—	5,154,355	4,526,339	—	4,526,339
Less:Bursaries	(35,691)	—	(35,691)	(43,892)	—	(43,892)
Totalfunds	5,118,664	—	5,118,664	4,482.447	—	4,482,447

Expenditureon:Provision	ofeducatio	n
	Un-			Un-
	restricted	Restricted	Total	restricted	Restricted	Total
	`funds`	`funds`	`2021`	`funds`	`funds`	`2020`
	£	£	£	£	£	£
Teachingandmusic
Personnelcosts	2,097,237	-	2,097,237	1,797,888	—	1,797,888
Books,equipmentand
educationalsupplies	289,918	—	289,918	253,037	-	253,037
Scholarshipsandprizes	3,636	20,300	23,936	5,730	18,987	24,717
Charitydonations	—	4,785	4,785	—	—	—
Depreciation	134,961	—	134,961	136,105	-	136,105
Advertising,travelandrelated
costs	99,546	—	99,546	70,016	-	70,016
	2,625,298	25,085	2,650,383	2,262,776	18,987	2,281,763

	Un-			Un-
	restricted	Restricted	Total	restricted	Restricted	Total
	`funds`	`funds`	`2021`	`funds`	`funds`	`2020`
	£	£	£	£	£	£
Welfare
Personnelcosts	264,418	—	264,418	247,800	-	247,800
Provisions	68,714	—	68,714	69,123	—	69,123
Miscellaneousexpenses	26,562	—	26,562	32,426	—	32,426
	359,694	—	359,694	349,349	—	349,349
Premises
Personnelcosts	136,422	—	136,422	129,220	-	129,220
Maintenanceandrepairs	150,812	-	150,812	134,892	—	134,892
Rentandpropertycharges
payabletoWestminsterRoman
CatholicDiocesanTrust(note14)	581,443	—	581,443	624,563	—	624,563
Depreciation	56,932	—	56,932	56,932	—	56,932
Fuel,lightandwater	64,703	-	64,703	103,679	-	103,679
Cleaning	13,739	—	13,739	7,440	-	7,440
Staffaccommodation	59,058	-	59,058	66,067	-	66,067
Miscellaneous	22,802	-	22,802	50,176	-	50,176
	1,085,911	-	1,085,911	1,172,969	-	1,172,969
`Support`
Personnelcosts	301,772	-	301,772	275,418	—	275,418
Printing,postage,stationeryand
telephone	42,198	—	42,198	42,660	-	42,660
Computersandrelated
maintenance	111,804	-	111,804	101,720	-	101,720
Interestpayable	4,806	-	4,806	3,392	-	3,392
	460,580	-	460,580	423,190	-	423,190
Governance
Auditor'sremuneration	10,560	-	10,560	11,100	-	11,100
Otherlegalandprofessionalfees	11,989	—	11,989	50,490	-	50,490
	22,549	-	22,549	61,590	-	61,590
Totalfunds	4,554,032	25,085	4,579,117	4,269,874	18,987	4,288,861

Staffcosts
	`2021`	`2020`
	`£`	`£`
Staffcostsduringtheperiodwereasfollows
Wagesandsalaries	2,216,022	1,966,058
Socialsecuritycosts	213,161	193,141
Otherpensioncosts	324,405	272,896
	2,753,588	2,432,095
Otherstaffcosts	46,261	18,231
	2,799,849	2,450,326

follows:
	Total	Total
	`2021`	`2020`
£60,001-£70,000	2	2
£70,001-£80,000	2	2
£80,001-£90,000	2	1
£140,001-£150,000	-	1
£160,001-£170,000	1	—

Theaveragenumberofemployeesduring follows:	theperiod,analysedbyfunction	,wasas
	`2021`	`2020`
	No.	No.
Teachingandmusic	`42`	`36`
Welfare	`17`	`18`
`Support`	`5`	`5`
	`64`	`59`

Tangiblefixedassets
		Furniture,
	Major	equipment
	improvements	andminor
	toproperty	improvements	Total
	`£`	`£`	`£`
Cost
At1September2020	1,423,303	1,993,783	3,417,086
Additions	62,159	99,905	162,064
At31August2021	1,485,462	2,093,688	3,579,150
Depreciation
At1September2020	604,849	1,456,944	2,061,793
`Chargeforyear`	`56,932`	`134,961`	`191,893`
At31August2021	661,781	1,591,905	2,253,686
Netbookvalues
At31August2021	823,681	501,783	1,325,464
At31August2020	818,454	536,839	1,355,293

Debtors
	`2021`	`2020`
	`£`	`£`
Tuitionandotherfeesreceivable	39,308	23,313
Rentprepaid	200,000	300,000
Legacyreceivable	—	146,770
Prepaymentsandsundrydebtors	68,040	28,885
	307,348	498,968

Creditors:amountsfallingduewithinoneyear
	`2021`	`2020`
	`£`	`£`
AmountsduetoWestminsterRomanCatholicDiocesanTrust(note14)	8,069	80,923
Accruedrent	477,324	607,214
PAYE,NationalInsuranceandemployer'spensioncontributions	101,297	86,728
Feesinadvance	636,080	696,659
Returnablefeedeposits	39,000	43,000
Additionstotangiblefixedassets	108,806	30,674
Accruals	75,832	85,400
	1,446,408	1,630,598

Creditors:amountsfallingdueaftermorethanoneyear
	`2021`	`2020`
	`£`	`£`
Returnablefeedeposits	454,160	417,660
LoanfromWestminsterCathedralChoirSchoolFund(seebelow)	200,000	200,000
	654,160	617,660

	At1				At31
	September 2020	Income	Expenditure	Transfers	August 2021
	£	£	£	£	£
BasilHumeFund	330,056	45,000	(20,300)	—	354,756
NeilMcLaughlanFund	—	2,169	—	—	2,169
Other	4,284	4,044	(4,785)	—	3,543
Totalrestrictedfunds	334,340	51,213	(25,085)	-	360,468

	At1				At31
	September				August
	2019	Income	Expenditure	Transfers	2020
	£	£	£	£	£
BasilHumeFund	66,454	42,133	(18,987)	240,456	330,056
`Other`	`(142)`	`4,426`	`—`	`—`	`4,284`
Totalrestrictedfunds	66,312	46,559	(18,987)	240,456	334,340

Analysisofnetassetsbetweenfunds
	Unrestricted
	general	Restricted	2021
	fund	funds	Total
	£	£	£
Fundbalancesat31August2021
`arerepresentedby:`
Tangiblefixedassets	1,325,464	—	1,325,464
Netcurrentassets	1,766,196	360,468	2,126,664
Creditors:amountsfallingdueaftermorethanoneyear	(654,160)	—	(654,160)
Totalnetassets	2,437,500	360,468	2,797,968

	Unrestricted
	general	Restricted	2020
	`fund`	`funds`	`Total`
	`£`	`£`	`£`
Fundbalancesat31August2020
`arerepresentedby:`
Tangiblefixedassets	1,355,293	—	1,355,293
Netcurrentassets	1,016,766	334,340	1,351,106
Creditors:amountsfallingdueaftermorethanoneyear	(617,660)	—	(617,660)
Totalnetassets	1,754,399	334,340	2,088,739

	`2021`	`2020`
Landandbuildings	`£`	`£`
Amountduewithinoneyear	562,664	633,000
Amountsduebetweentwoandfiveyears	2,171,354	2,430,000
Amountsdueafterfiveyears	8,805,802	10,027,458
	11,539,820	13,090,458