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2020-07-31-accounts
|
CONTENTS |
|
|
|
Page |
| Legal and Administrative Information |
|
1−2 |
| Annual Report of the Governors: |
|
|
| Directors' Report |
|
3−9 |
| Strategic Report |
|
10−15 |
| Independent Auditor's Report |
|
16−18 |
| Consolidated Statement of Financial |
Activities |
19 |
| Consolidated Balance Sheet |
|
20 |
| School Balance Sheet |
|
21 |
| Consolidated Cash flow Statement |
|
22 |
| Notes to the Financial Statements |
|
23−46 |
| Seren Wildwood (Chair) |
(resigned 315t December 2019) |
| Simon Risley (Chair) |
(appointed 1st January−315t August 2020) |
| Jonathan Lingham (Chair) |
(appointed 30th November 2019, Chair from 15t September 2020) |
| Richard Cziborra (Treasurer) |
(resigned 31 December 2020) |
| Roger Chapman (Treasurer) |
(from 1 January 2021) |
| Richard Bee |
|
| Sally Bicheno |
(resigned 31st December 2019) |
| Karima Brooke |
(appointed 1st January 2020) |
| Amanda Brown |
(resigned 10th December 2019) |
| Kat Davison |
(resigned 20th November 2020) |
| Elisabeth Escher |
(appointed 30th November 2019 — 31st July 2020) |
| Stuart Fowler |
|
| Christopher Greenfield |
(appointed 30th November 2019) |
| Margaret Guy |
|
| Phillip Jones |
(resigned 30th November 2019) |
| Sarah Lane |
(resigned 31st December 2019) |
| Cheryl Lewis |
|
| Anita March |
|
| Holly Poncini |
(appointed 20th June 2020) |
| Leslie Robinson |
(resigned 30th November 2019) |
| Helena Scott |
(resigned 315t December 2019) |
| Fred Sessa |
|
| Margaret Shelley |
(resigned 315t December 2019) |
| Steve Kaim−Caudle |
(appointed 1st January 2021) |
| Auditors: |
Crowe U.K LLP |
|
Statutory Auditor |
|
Carrick House |
|
Lypiatt Road |
|
Cheltenham |
|
Gloucestershire |
|
GL50 20) |
| Bankers: |
Allied Irish Bank Plc |
|
Birmingham City Office |
|
61 Temple Row |
|
Birmingham |
|
62 5LT |
| Solicitors: |
Veale Wasborough Vizards |
|
Orchard Court |
|
Orchard Lane |
|
Bristol |
|
651 5WS |
| Investment |
Redmayne Bentley |
| Advisors: |
Butler House |
|
56 West Street |
|
Warwick |
|
CV34 6AW |
| Surveyors: |
Cluttons Style & Whitlock |
|
Seacourt Tower |
|
West Way |
|
Oxford |
|
OX2 OJJ |
| Insurance Brokers: |
David Edwards Insurance Brokers |
|
Stonebridge House, |
|
Kenilworth Road, |
|
Meriden, |
|
West Midlands, |
|
CV7 7U |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
funds |
|
|
2020 |
2020 |
2020 |
2020 |
2019 |
|
Note |
£ |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
|
| Donations and legacies |
4 |
23,921 |
30,105 |
|
54,026 |
95,147 |
| Charitable activities: |
|
|
|
|
|
|
| School fees |
5 |
5,451,552 |
|
|
5,451,552 |
5,466,234 |
| Other educational |
|
|
|
|
|
|
| income |
6 |
712,625 |
|
|
712,625 |
908,960 |
| Other ancillary trading |
7 |
140,396 |
|
|
140,396 |
142,528 |
| Non ancillary trading |
|
|
|
|
|
|
| income |
8 |
365,946 |
|
|
365,946 |
282,739 |
| Investments |
9 |
1,475 |
4,801 |
|
6,276 |
10,713 |
| Total income |
|
6,695,915 |
34,906 |
|
6,730,821 |
6,906,321 |
| Expenditure on: |
|
|
|
|
|
|
| Raising funds |
|
213,244 |
|
|
213,244 |
236,511 |
| Charitable activities |
10 |
6,684,465 |
43,640 |
|
6,728,105 |
6,918,991 |
| Total expenditure |
|
6,897,709 |
43,640 |
|
6,941,349 |
7,155,502 |
| Net (losses)/gains on |
|
|
|
|
|
|
| investments |
16 |
(1,290) |
|
(12,641) |
(13,931) |
1,158 |
Net movement in
funds |
|
(203,084) |
(8,734) |
(12,641) |
(224,459) |
(248,023) |
| Reconciliation of |
|
|
|
|
|
|
| funds: |
|
|
|
|
|
|
| Total funds brought |
|
|
|
|
|
|
| forward |
|
5,395,396 |
407,261 |
396,791 |
6,199,448 |
6,447,471 |
| Net movement in |
|
|
|
|
|
|
| funds |
|
(203,084) |
(8,734) |
(12,641) |
(224,459) |
(248,023) |
Total funds carried
forward |
23 |
5,192,312 |
398,527 |
384,150 |
5,974,989 |
6,199,448 |
|
|
|
|
|
|
|
|
|
2020 |
|
2019 |
|
|
|
|
|
Note |
|
|
|
|
|
|
| Fixed assets |
|
|
|
|
|
|
|
|
|
|
|
| Tangible assets |
|
|
|
|
15 |
|
|
|
6,443,593 |
|
6,763,413 |
| Investments |
|
|
|
|
16 |
|
|
|
410,314 |
|
424,245 |
|
|
|
|
|
|
|
|
|
6,853,907 |
|
7,187,658 |
| Current assets |
|
|
|
|
|
|
|
|
|
|
|
| Stocks |
|
|
|
|
17 |
|
|
38,904 |
|
45,374 |
|
| Debtors |
|
|
|
|
18 |
|
292,360 |
|
|
486,407 |
|
| Cash at bank and in hand |
|
|
|
|
|
|
331,022 |
|
|
190,865 |
|
|
|
|
|
|
|
|
662,286 |
|
|
722,646 |
|
| Creditors: amounts |
falling |
due within |
one |
|
|
|
|
|
|
|
|
| year |
|
|
|
|
19 |
|
(1,376,875) |
|
|
(1,429,910) |
|
| Net current liabilities |
|
|
|
|
|
|
|
|
(714,589) |
|
(707,264) |
| Total assets less current liabilities |
|
|
|
|
|
|
|
|
6,139,318 |
|
6,480,394 |
| Creditors: amounts |
falling |
due after more |
|
|
|
|
|
|
|
|
|
| than one year |
|
|
|
|
20 |
|
|
|
(164,329) |
|
(280,946) |
| Total net assets |
|
|
|
|
|
|
|
|
5,974,989 |
|
6,199,448 |
| Charity funds |
|
|
|
|
|
|
|
|
|
|
|
| Endowment funds |
|
|
|
|
23 |
|
|
|
384,150 |
|
396,791 |
| Restricted funds |
|
|
|
|
23 |
|
|
|
398,527 |
|
407,261 |
| Unrestricted funds |
|
|
|
|
23 |
|
|
|
5,192,312 |
|
5,395,396 |
| Total funds |
|
|
|
|
|
|
|
|
5,974,989 |
|
6,199,448 |
| The financial statements were approved and |
|
|
|
|
authorised |
|
for |
issue by |
the Governors |
on |
|
| 20 March 2021 and |
signed on their behalf by: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
emlnl |
|
|
Jonathan L
i |
n |
g
h |
a |
m |
R |
o |
g |
e |
r C apman |
|
|
| Chair and Clerk |
|
|
|
|
|
|
|
Treasurer |
|
|
|
|
|
2020 |
|
2019 |
|
Note |
£ |
|
r |
| Fixed assets |
|
|
|
|
| Tangible assets |
15 |
6,438,925 |
|
6,756,402 |
| Investments |
16 |
410,318 |
|
424,249 |
|
|
6,849,243 |
|
7,180,651 |
| Current assets |
|
|
|
|
| Stocks |
17 |
38,904 |
45,374 |
|
| Debtors |
18 |
381,893 |
585,366 |
|
| Cash at bank and in hand |
|
234,615 |
91,906 |
|
|
|
655,412 |
722,646 |
|
| Creditors: amounts falling due within one |
|
|
|
|
| year |
19 |
(1,369,332) |
(1,418,544) |
|
| Net current liabilities |
|
(713,920) |
|
(695,898) |
| Total assets less current liabilities |
|
6,135,323 |
|
6,484,753 |
| Creditors: amounts falling due after more |
|
|
|
|
| than one year |
20 |
(164,329) |
|
(280,946) |
| Total net assets |
|
5,970,994 |
|
6,203,807 |
| Charity funds |
|
|
|
|
| Endowment funds |
23 |
384,150 |
|
396,791 |
| Restricted funds |
23 |
398,527 |
|
407,261 |
| Unrestricted funds |
23 |
5,188,317 |
|
5,399,755 |
| Total funds |
|
5,970,994 |
|
6,203,807 |
| The financial statements were approved and authorised |
|
for issue by the Governors |
on |
|
| and signed on their behalf by: |
|
|
|
|
| ••,,..,.,..,.....re,•‘0* |
|
|
|
|
| Jonathan Ling ham |
|
Roger Chapman |
|
|
| Chair and Clerk |
|
Treasurer |
|
|
|
|
2020 |
2019 |
|
Note |
|
|
| Cash flows from operating activities |
|
|
|
| Net cash provided by operating activities |
|
288,711 |
299,971 |
| Cash flows from investing activities |
|
|
|
| Dividends and interest from investments |
|
6,276 |
10,713 |
| Purchase of tangible fixed assets |
|
(149,191) |
(172,752) |
| Net cash used in investing activities |
|
(142,915) |
(162,039) |
| Cash flows from financing activities |
|
|
|
| Cash inflows from new hire purchase agreements |
|
|
12,869 |
| Repayments of hire purchase |
|
(2,681) |
(9,661) |
| Finance costs paid |
|
(2,958) |
(6,398) |
| Net cash used in financing activities |
|
(5,639) |
(3,190) |
| Change in cash and cash equivalents in the year |
|
140,157 |
134,742 |
| Cash and cash equivalents at the beginning of the year |
|
190,865 |
56,123 |
| Cash and cash equivalents at the end of the year |
|
331,022 |
190,865 |
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Donations |
23,921 |
30,105 |
54,026 |
95,147 |
| Total 2019 |
1,313 |
93,834 |
95,147 |
|
| Fee income analysis |
|
|
|
|
| The School's fee income comprised: |
|
|
|
|
| Gross fees |
|
|
6,800,449 |
6,331,026 |
| Less: Total bursaries, grants and allowances |
|
|
(1,391,537) |
(903,210) |
|
|
|
5,408,912 |
5,427,816 |
| Add back: Bursaries and discounts paid for by |
restricted funds |
|
(42,640) |
(38,418) |
| Total |
|
|
5,451,552 |
5,466,234 |
| Fee income all relates to unrestricted funds during this and the |
|
prior year. |
|
|
| Other educational income |
|
|
|
|
| Registration and assesssment fees |
|
|
7,719 |
12,954 |
| Additional tuition and activity fees |
|
|
91,284 |
84,280 |
| Educational support |
|
|
427,839 |
511,395 |
| Fee extras |
|
|
185,783 |
300,331 |
|
|
|
712,625 |
908,960 |
| Minibus income |
130,856 |
140,528 |
| Non−refundable deposits |
9,540 |
2,000 |
|
140,396 |
142,528 |
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2020 |
2020 |
2019 |
|
£ |
£ |
£ |
| Sibford Trading Limited income |
46,795 |
46,795 |
92,453 |
| Conference lettings income |
68,247 |
68,247 |
106,011 |
| Rents receivable |
57,417 |
57,417 |
50,278 |
| Miscellaneous income |
193,487 |
193,487 |
33,997 |
|
365,946 |
365,946 |
282,739 |
| Total 2019 |
282,739 |
282,739 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Investment income |
1,475 |
4,801 |
6,276 |
10,713 |
| Total 2019 |
5,073 |
5,640 |
10,713 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Teaching |
3,505,741 |
43,640 |
3,549,381 |
3,474,097 |
| Welfare |
1,184,343 |
|
1,184,343 |
1,401,567 |
| Premises |
851,514 |
|
851,514 |
858,553 |
| Support costs |
1,142,867 |
|
1,142,867 |
1,184,774 |
|
6,684,465 |
43,640 |
6,728,105 |
6,918,991 |
| Total 2019 |
6,876,257 |
42,734 |
6,918,991 |
|
|
|
|
|
Support |
Total |
Total |
|
Teaching |
Welfare |
Premises |
costs |
funds |
funds |
|
2020 |
2020 |
2020 |
2020 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Staff costs |
3,084,926 |
755,056 |
189,611 |
458,128 |
4,487,721 |
4,325,058 |
| Depreciation |
|
|
409,550 |
55,942 |
465,492 |
457,593 |
| Other |
464,455 |
429,287 |
252,353 |
628,797 |
1,774,892 |
2,136,340 |
|
3,549,381 |
1,184,343 |
851,514 |
1,142,867 |
6,728,105 |
6,918,991 |
| Total 2019 |
3,474,097 |
1,401,567 |
858,553 |
1,184,774 |
6,918,991 |
|
|
2020 |
2019 |
| Fees payable to the Company's auditor for the audit of the Company's |
|
|
| annual accounts |
15,765 |
15,450 |
| Fees payable to the Company's auditor in respect of: |
|
|
| All taxation advisory services not included above |
960 |
940 |
| All non−audit services not included above |
7,920 |
7,760 |
|
Group |
Group |
Company |
Company |
|
2020 |
2019 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Wages and salaries |
3,615,469 |
3,609,335 |
3,532,668 |
3,529,395 |
| Social security costs |
361,895 |
367,408 |
357,958 |
363,542 |
| Contribution to defined contribution pension |
|
|
|
|
| schemes |
597,095 |
432,121 |
597,095 |
432,121 |
|
4,574,459 |
4,408,864 |
4,487,721 |
4,325,058 |
|
Group |
Group |
|
2020 |
2019 |
|
No. |
No. |
| Teaching |
69 |
73 |
| Support |
89 |
87 |
|
158 |
160 |
|
Group |
Group |
|
2020 |
2019 |
|
No. |
No. |
| In the band £90,001 −£100,000 |
|
|
|
1 |
1 |
| Senior management team remuneration amounted to £540,486 (2019: £498,065). |
|
|
|
Freehold |
|
|
|
|
land and |
Motor |
Fixtures and |
|
|
buildings |
vehicles |
fittings |
Total |
| Cost or valuation |
|
|
|
|
| At 1 August 2019 |
10,077,078 |
67,421 |
1,886,725 |
12,031,224 |
| Additions |
109,662 |
|
39,529 |
149,191 |
| Disposals |
|
(6,404) |
(8,235) |
(14,639) |
| At 31 July 2020 |
10,186,740 |
61,017 |
1,918,019 |
12,165,776 |
| Depreciation |
|
|
|
|
| At 1 August 2019 |
3,742,745 |
35,413 |
1,489,653 |
5,267,811 |
| Charge for the year |
324,551 |
5,160 |
138,185 |
467,896 |
| On disposals |
|
(6,404) |
(7,120) |
(13,524) |
| At 31 July 2020 |
4,067,296 |
34,169 |
1,620,718 |
5,722,183 |
| Net book value |
|
|
|
|
| At 31 July 2020 |
6,119,444 |
26,848 |
297,301 |
6,443,593 |
| At 31 July 2019 |
6,334,333 |
32,008 |
397,072 |
6,763,413 |
|
Freehold |
|
|
|
|
land and |
Motor |
Fixtures and |
|
|
buildings |
vehicles |
fittings |
Total |
|
£ |
£ |
£ |
£ |
| Cost or valuation |
|
|
|
|
| At 1 August 2019 |
10,077,078 |
67,421 |
1,747,379 |
11,891,878 |
| Additions |
109,662 |
− |
39,529 |
149,191 |
| Disposals |
|
(6,404) |
(8,235) |
(14,639) |
| At 31 July 2020 |
10,186,740 |
61,017 |
1,778,673 |
12,026,430 |
| Depreciation |
|
|
|
|
| At 1 August 2019 |
3,742,745 |
35,413 |
1,357,318 |
5,135,476 |
| Charge for the year |
324,551 |
5,160 |
135,842 |
465,553 |
| On disposals |
|
(6,404) |
(7,120) |
(13,524) |
| At 31 July 2020 |
4,067,296 |
34,169 |
1,486,040 |
5,587,505 |
| Net book value |
|
|
|
|
| At 31 July 2020 |
6,119,444 |
26,848 |
292,633 |
6,438,925 |
| At 31 July 2019 |
6,334,333 |
32,008 |
390,061 |
6,756,402 |
|
|
|
|
Other fixed |
|
|
|
|
Listed |
asset |
|
|
|
|
investments |
investments |
Total |
|
Group |
|
|
|
|
I
I |
Cost or valuation |
|
|
|
|
1
1 |
At 1 August 2019 |
|
96,204 |
328,041 |
424,245 |
| 1 |
Revaluations |
|
(13,931) |
|
(13,931) |
|
At 31 July 2020 |
|
82,273 |
328,041 |
410,314 |
|
Net book value |
|
|
|
|
|
At 31 July 2020 |
|
82,273 |
328,041 |
410,314 |
|
At 31 July 2019 |
|
96,204 |
328,041 |
424,245 |
|
|
Investments |
|
|
|
|
|
in |
|
Other fixed |
|
|
|
subsidiary |
Listed |
asset |
|
|
|
companies |
investments |
investments |
Total |
|
Company |
|
|
|
|
|
Cost or valuation |
|
|
|
|
|
At 1 August 2019 |
4 |
96,204 |
328,041 |
424,249 |
|
Revaluations |
|
(13,931) |
|
(13,931) |
|
At 31 July 2020 |
4 |
82,273 |
328,041 |
410,318 |
|
Net book value |
|
|
|
|
|
At 31 July 2020 |
4 |
82,273 |
328,041 |
410,318 |
|
At 31 July 2019 |
4 |
96,204 |
328,041 |
424,249 |
|
Group |
Group |
Company |
Company |
|
2020 |
2019 |
2020 |
2019 |
|
£ |
f |
£ |
f |
| Finished goods and goods for resale |
38,904 |
45,374 |
38,904 |
45,374 |
| Debtors |
|
|
|
|
|
Group |
Group |
Company |
Company |
|
2020 |
2019 |
2020 |
2019 |
|
£ |
£ |
£ |
f |
| School fees and trade debtors |
110,494 |
317,029 |
110,376 |
305,713 |
| Amounts owed by group undertakings |
|
|
90,698 |
119,128 |
| Other debtors |
59,877 |
18,154 |
58,830 |
9,301 |
| Prepayments and accrued income |
121,989 |
151,224 |
121,989 |
151,224 |
|
292,360 |
486,407 |
381,893 |
585,366 |
|
Group |
Group |
Company |
Company |
|
2020 |
2019 |
2020 |
2019 |
|
£ |
f |
£ |
f |
| Advance fees (see note 21) |
336,794 |
307,619 |
336,794 |
307,619 |
| Trade creditors |
132,316 |
107,668 |
131,431 |
102,551 |
| Deposits held |
593,009 |
731,044 |
593,009 |
731,044 |
| Other taxation and social security |
152,066 |
77,041 |
152,066 |
77,041 |
| Obligations under finance lease and hire |
|
|
|
|
| purchase contracts |
6,256 |
2,681 |
6,256 |
2,681 |
| Other creditors |
96,734 |
143,304 |
96,098 |
142,668 |
| Accruals and deferred income |
59,700 |
60,553 |
53,678 |
54,940 |
|
1,376,875 |
1,429,910 |
1,369,332 |
1,418,544 |
|
Group |
Group |
Company |
Company |
|
2020 |
2019 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Advance fees (see note 21) |
164,329 |
274,690 |
164,329 |
274,690 |
| Net obligations under finance lease and hire |
|
|
|
|
| purchase contracts |
|
6,256 |
|
6,256 |
|
164,329 |
280,946 |
164,329 |
280,946 |
|
|
|
|
2020 |
2019 |
|
|
|
|
£ |
£ |
| Due |
within |
two |
to five years |
164,329 |
274,690 |
|
|
|
|
164,329 |
274,690 |
| Due |
within |
one |
year |
336,794 |
307,619 |
|
|
|
|
501,123 |
582,309 |
|
2020 |
2019 |
|
£ |
r |
| Balance at 1 August 2019 |
582,309 |
570,598 |
| New advanced fees received in the year |
227,607 |
270,745 |
| Amounts utilised in payment of fees |
(308,793) |
(259,034) |
| Balance at 31 July 2020 |
501,123 |
582,309 |
|
|
Group |
Group |
Company |
Company |
|
|
2020 |
2019 |
2020 |
2019 |
|
|
£ |
£ |
£ |
£ |
| **Financial ** |
assets |
|
|
|
|
| Financial |
assets measured at fair value |
|
|
|
|
| through |
income and expenditure |
82,273 |
96,204 |
82,273 |
96,204 |
|
Balance at 1 |
|
|
Gains/ |
Balance at |
|
August 2019 |
Income |
Expenditure |
**(Losses) ** |
31 July 2020 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General Fund −School |
5,399,755 |
6,670,751 |
(6,880,899) |
(1,290) |
5,188,317 |
| Sibford Trading |
(831,545) |
46,917 |
(230,106) |
− |
(1,014,734) |
| Consolidation adjustments |
|
(21,753) |
21,753 |
|
|
| Provision against intercompany |
|
|
|
|
|
| loan |
827,186 |
|
191,543 |
|
1,018,729 |
|
5,395,396 |
6,695,915 |
(6,897,709) |
(1,290) |
5,192,312 |
| Permanent endowment funds |
|
|
|
|
|
| Tomlinson Bequest |
328,041 |
|
|
|
328,041 |
| Bursary Fund Sibford Old |
|
|
|
|
|
| Scholars' |
54,581 |
|
|
(9,938) |
44,643 |
| Bursary Fund |
9,642 |
|
|
(1,755) |
7,887 |
| Bantam Fund |
745 |
|
|
(136) |
609 |
| F Braithwaite Fund |
310 |
|
|
(56) |
254 |
| Mabel Harrod Fund |
784 |
|
|
(143) |
641 |
| Grupo Santander |
352 |
|
|
(188) |
164 |
| Richardson Fund |
468 |
|
|
(85) |
383 |
| Reason Fund |
1,868 |
|
|
(340) |
1,528 |
|
396,791 |
|
|
(12,641) |
384,150 |
| Restricted funds |
|
|
|
|
|
| Tomlinson income from |
|
|
|
|
|
| endowment fund |
|
1,640 |
(1,640) |
|
|
| Income from other endowmant |
|
|
|
|
|
| funds |
17,493 |
3,145 |
|
|
20,638 |
| Reckitt Family |
88,119 |
25,000 |
(31,820) |
|
81,299 |
| Music Department |
5,731 |
|
|
|
5,731 |
| Support for Learning |
3,500 |
|
|
|
3,500 |
| Sibford Foundation |
261,616 |
16 |
(1,000) |
|
260,632 |
| Ardenhurst School Trust |
1,694 |
|
|
|
1,694 |
| Edwards Family Awards |
29,108 |
|
(9,180) |
|
19,928 |
| Hardship Fund |
|
3,097 |
|
|
3,097 |
| Statement of funds −current year (continued) |
Statement of funds −current year (continued) |
|
|
|
|
|
Balance at 1 |
|
|
Gains/ |
Balance at |
|
August 2019 |
Income |
Expenditure |
**(Losses) ** |
31 July 2020 |
|
£ |
£ |
£ |
£ |
£ |
| G Cadbury |
|
2,008 |
|
|
2,008 |
|
407,261 |
34,906 |
(43,640) |
|
398,527 |
| Total of funds |
6,199,448 |
6,730,821 |
(6,941,349) |
(13,931) |
5,974,989 |
| Statement of fund |
s −prior year |
|
|
|
|
|
|
Balance at |
|
|
|
|
|
|
1 August |
|
|
Transfers |
Gains/ |
Balance at |
|
2018 |
Income |
Expenditure |
in/out |
(Losses) |
31 July 2019 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Unrestricted |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| General Fund − |
|
|
|
|
|
|
| School |
6,323,980 |
6,732,482 |
(7,707,791) |
48,673 |
2,411 |
5,399,755 |
| Sibford Trading |
(673,776) |
92,555 |
(250,324) |
− |
|
(831,545) |
| Consolidation |
|
|
|
|
|
|
| adjustments |
− |
(18,190) |
18,190 |
|
|
|
| Provision against |
|
|
|
|
|
|
| intercompany |
|
|
|
|
|
|
| loan |
|
− |
827,186 |
− |
|
827,186 |
|
5,650,204 |
6,806,847 |
(7,112,739) |
48,673 |
2,411 |
5,395,396 |
| Permanant |
|
|
|
|
|
|
| endowment |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| Tomlinson |
|
|
|
|
|
|
| Bequest |
328,041 |
|
|
|
|
328,041 |
| Bursary Fund |
|
|
|
|
|
|
| Sibford Old |
|
|
|
|
|
|
| Scholars' |
55,518 |
− |
|
|
(937) |
54,581 |
| Bursary Fund |
9,807 |
− |
|
|
(165) |
9,642 |
| Bantam Fund |
758 |
|
− |
− |
(13) |
745 |
| F Braithwaite |
|
|
|
|
|
|
| Fund |
315 |
|
|
− |
(5) |
310 |
| Mabel Harrod |
|
|
|
|
|
|
| Fund |
798 |
|
|
|
(14) |
784 |
| Grupo |
|
|
|
|
|
|
| Santander |
431 |
− |
|
|
(79) |
352 |
| Richardson |
|
|
|
|
|
|
| Fund |
476 |
|
|
|
(8) |
468 |
| Reason Fund |
1,900 |
|
|
− |
(32) |
1,868 |
|
398,044 |
|
|
|
(1,253) |
396,791 |
| Statement of fun |
ds −prior year |
(continued) |
|
|
|
|
|
Balance at |
|
|
|
|
|
|
1 August |
|
|
Transfers |
Gains/ |
Balance at |
|
2018 |
Income |
Expenditure |
in/out |
(Losses) |
31 July 2019 |
| Restricted |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| Tomlinson |
|
|
|
|
|
|
| income from |
|
|
|
|
|
|
| endowment |
|
|
|
|
|
|
| fund |
|
2,460 |
(2,460) |
|
|
|
| Income from |
|
|
|
|
|
|
| other |
|
|
|
|
|
|
| endowmant |
|
|
|
|
|
|
| funds |
14,313 |
3,180 |
|
|
|
17,493 |
| Reckitt Family |
101,537 |
25,000 |
(38,418) |
|
|
88,119 |
| Music |
|
|
|
|
|
|
| Department |
19,000 |
|
|
(13,269) |
|
5,731 |
| Support for |
|
|
|
|
|
|
| Learning |
3,500 |
|
|
|
|
3,500 |
| Sibford |
|
|
|
|
|
|
| Foundation |
259,179 |
4,322 |
(1,885) |
|
|
261,616 |
| Ardenhurst |
|
|
|
|
|
|
| School Trust |
1,694 |
|
|
|
|
1,694 |
| Edwards Family |
|
|
|
|
|
|
| Awards |
|
29,108 |
|
|
|
29,108 |
| PSFA |
|
35,404 |
|
(35,404) |
|
|
|
399,223 |
99,474 |
(42,763) |
(48,673) |
|
407,261 |
| Total of funds |
6,447,471 |
6,906,321 |
(7,155,502) |
|
1,158 |
6,199,448 |
|
Unrestricted |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
2020 |
|
£ |
£ |
E |
£ |
| Tangible fixed assets |
6,443,593 |
|
|
6,443,593 |
| Fixed asset investments |
26,164 |
|
384,150 |
410,314 |
| Current assets |
263,759 |
398,527 |
|
662,286 |
| Creditors due within one year |
(1,376,875) |
|
|
(1,376,875) |
| Creditors due in more than one year |
(164,329) |
|
|
(164,329) |
| Total |
5,192,312 |
398,527 |
384,150 |
5,974,989 |
| Analysis of net assets between funds − |
prior period |
|
|
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
funds |
funds |
funds |
funds |
|
2019 |
2019 |
2019 |
2019 |
|
£ |
£ |
£ |
£ |
| Tangible fixed assets |
6,763,413 |
|
|
6,763,413 |
| Fixed asset investments |
27,454 |
|
396,791 |
424,245 |
| Current assets |
315,384 |
407,261 |
|
722,645 |
| Creditors due within one year |
(1,429,910) |
|
|
(1,429,910) |
| Creditors due in more than one year |
(280,946) |
|
|
(280,946) |
| Total |
5,395,395 |
407,261 |
396,791 |
6,199,447 |
|
Group |
Group |
|
2020 |
2019 |
| Not later than 1 year |
514,099 |
563,404 |
| Later than 1 year and not later than 5 years |
86,306 |
130,968 |
|
600,405 |
694,372 |
| Name |
|
|
Company |
Registered office or principal |
Class of |
Holding |
|
|
|
number |
place of business |
shares |
|
| Sibford |
Trading |
Limited |
03735449 |
Sibford School, Sibford Ferris, |
Ordinary |
100% |
|
|
|
|
Banbury, Oxfordshire, 0X15 |
|
|
|
|
|
|
5QL |
|
|
| Name |
|
|
Income |
Expenditure |
Profit/(Loss) |
Net assets |
|
|
|
£ |
£ |
/Surplus/ |
£ |
|
|
|
|
|
(Deficit) for |
|
|
|
|
|
|
the year |
|
|
|
|
|
|
£ |
|
| Sibford |
Trading |
Limited |
46,795 |
(230,106) |
(183,189) |
(1,014,730) |