2021-07-31-accounts

			Page
Reference and Administrative Details ofthe Company,		its Trustees and Advisers
Trustees' Report			2-9
Independent	Auditors' Report on the Financial Statements		10-13
Consolidated	Statement of Financial Activities		14-15
Consolidated	Statement of Financial Position		16
Company Statement ofFinancial Position			17
Consolidated	Statement ofCash Flows		18
Notes to the	Financial Statements		19-44

Trustees			G. F.Pine, chairman	G. F.Pine, chairman
			S.A. Coen,	CEO, joint principal			and accounting		officer ofsubsidiary	trading college
			L.de Abreu,	Joint principal ofsubsidiary				trading	college
			S.J.Atkins
			D.G. Hayes
			J.P. Emery
			N. Patel
			S.R.Watson-Fowler			(appointed	21 July	2020)
Company	registered
number			03636076
Charity registered
number			1073945
Registered		office	1 Bedford Row
			London
			WC1R 4BZ
Company	secretary		S.C.R.Secretaries		Ltd
Chief executive officer			S.A. Coen
Independent		auditors	Venthams
			Chartered Accountants
			Statutory Auditor
			51 Lincoln's	Inn Fields
			London
			WC2A 3NA
Bankers			Barclays Bank pic
			Bexleyheath	Business		Centre
			Kent
Solicitors			Greenwoods	GRM	LLP
			1 Bedford Row
			London
			WC1R 4BZ

			Endowment	Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds	funds
			2021	2021	2021	2021	2020
		Note			6		E
Income
Charitable activities		5		200,470		200,470	176,298
Other trading activities
-subsidiary turnover		6			5,957,365	5,957,365	6,224,829
Other rental income							394
Total income				200,470	5,957,365	6,157,835	6,401,521
Expenditure on:
Expenses ofthe
subsidiary excluding
rent paid - excluded	on
consolidation					5,382,014	5,382,014	5,578,456
Charitable activities:		8
Grants to support the
performing arts				2,726		2,726	16,208
Interest on finance
leases and deprecation
on the related assets				97,006		97,006	80,661
Governance costs					16,256	16,256	13,008
Interest on bank
loans					69,575	69,575	77,356
Total expenditure				99,732	5,467,845	5,567,577	5,765,689
Net income forthe
year (net movement in funds)				100,738	489,520	590,258	635,832
Reconciliation of
funds:
Funds brought forward			1,755,035	828,103	2,146,275	4,729,413	4,093,581
Net income for the year
(net movement in
funds)				100,738	489,520	590,258	635,832
Funds carried forward			1,755,035	928,841	2,635,795	5,319,671	4,729,413

				2021		2020
		Note		F
Fixed assets
Tangible assets		12		7,938,947		6,854,64T
				7,938,947		6,854,547
Current assets
Stocks		15	21,493		22,856
Debtors		16	71,256		103,151
Cash at bank and	in hand		803,891		1,064,796
			896,640		1,190,803
Creditors: amounts	falling due within one
year		17	(877,627)		(843,169)
Net current assets Iliabilities				19,013		347,634
Total assets less	current liabilities			7,957,960		T,202,281
Creditors: amounts	falling due after more
than one year		18		(2,638,289)		(2,472,868)
Total net assets				5,319,671		4,729,413
Charity funds
Endowment funds		19		1,755,035		1,755,035
Restricted funds		19		928,841		828,103
Unrestricted funds		19		2,635,795		2,146,275
Totalfunds				5,319,671		4,729,413

				2021		2020
		Note		F
Fixed assets
Tangible assets		12		6,832,948		5,690,454
Investments		13		70,000		70,000
				6,902,948		5,750,454
Current assets
Debtors		16	50,000		94,590
Cash at bank and	in hand		363,743		468,249
			413,743		562,939
Creditors: amounts	falling due within one
year		17	(453,692)		(318,183)
Net current assets Iliabilities				(39,949)		244,756
Total assets less	current liabilities			6,862,999		5,005,210
Creditors: amounts	falling due after more
than one year		18		(2,638,289)		(2,472,868)
Total net assets				4,224,710		3,532,342
Charity funds
Endowment funds		19		1,755,035		1,755,035
Restricted funds		19		928,841		828,103
Unrestricted funds		19		1,540,834		949,204
Totalfunds				4,224,710		3,532,342

				2021	2020
				6
Cash flows from operating	activities
Net cash used in operating	activities (see note 22)			773,392	900,369
Cash flows from investing	activities
Purchase oftangible fixed assets				(76,676)	(157,955)
Additions to investment properties				(1,176,895)	(270,314)
Net cash used in investing	activities			(1,253,571)	(428,269)
Cash flows from financing	activities
Cash inilows from new borrowing				575,729	2,000,000
Repayments of bonowings	excluding interest			(356,455)	(1,871,480)
Net cash provided by financing activities				219,274	128,520
Change in cash and cash	equivalents in the year			(260,905)	600,620
Cash and cash equivalents	at the beginning	ofthe year		1,064,796	464,176
Cash and cash equivalents	at the end ofthe year (see note 23)			803,891	1,064,796
The notes on pages 19to 44 form part ofthese financial			statements

					Restricted	Total
					funds	funds
					2021	2021
					6	6
Support	ofthe performing	arts			200,470	200,470
				Restricted	Unrestricted	Total
				funds	funds	funds
				2020	2020	2020
						6
Support	ofthe performing	arts		175,998	300	176,298
Income	from other trading activities
Income	from non charitable		trading activities

						Unrestricted	Total
						funds	funds
						2021	2021
						6
Income ofthe subsidiary-		ofa charitable	nature as the supply		ofeducation
in the performing	arts but	as the Subsidiary		is not a charitable	entity this is
treated as trading	income					5,957,365	5,957,365
						Unrestricted	Total
						funds	funds
						2020	2020
Income ofthe subsidiary-		ofa charitable	nature as the supply		ofeducation
in the performing	arts but	as the Subsidiary		is not a charitable	entity this is
treated as trading	income					6,224,829	6,224,829

	Unrestricted	Total
	funds	funds
	2021f	2021f
Auditors' remuneration	5,400	5,400
Auditors' non audit costs	5,400	5,400
Legal costs	5,241	5,241
Bank charges	215	215
Total2021	16,256	16,256
	Unrestricted	Total
	funds	funds
	2020f	2020f
Auditors' remuneration	4,500	4,500
Auditors' non audit costs	4,500	4,500
Legal costs	3,767	3,767
Bank charges	241	241
Total 2020	13,008	13,008

					Restricted	Unrestricted	Total
					funds	funds	funds
					2021	2021	2021
					F	6	6
Support ofthe performing	arts including	governance		costs	2,726	16,256	18,982
Interest on bank loans						69,575	69,575
Interest on finance leases	and deprecation		on the related
assets					97,006		97,006
Total2021					99,732	65,631	185,563
					Restricted	Unrestricted	Total
					funds	funds	funds
					2020	2020	2020
							6
Support ofthe performing	arts including	governance		costs	5,163	24,053	29,216
Interest on bank loans						77,356	77,356
Interest on finance leases	and deprecation		on the related
assets					80,661		80,661
Total 2020					85,624	101,409	187,233

					2021	2020
					E	E
Fees	payable	to the Company's	auditor	for the audit ofthe Company's
annual	accounts				5,400	3,900
Fees	payable	to the Company's	auditor	in respect of:
non-audit services not included			above		5,400	3,900

					Group	Group
					2021	2020
					E
The staff costs incurred		by the	subsidiary	were as follows:
Wages and	salaries				3,592,065	3,687,016
Social security costs					310,477	320,060
Contribution	to defined contribution		pension	schemes	189,237	203,863
					4,091,779	4,210,959

			Group	Group	Company	Company
			2021	2020	2021	2020
			No.	No.	No.	No.
Directors ofthe subsidiary			2	2
Other key management		personnel	3	3
Teaching staff			51	62
Non teaching staff			27	31
Non-executive	directors	of both The
Foundation and The College
Non executive	directors	of The Foundation
			89	104

Group	Group
2021	2020
No.	No.

					2021	2020
					E
S.A.	Coen	Remuneration			118,210	121,138
		Pension	contributions	paid	17,978	21,230
L.de	Abreu	Remuneration			100,510	100,758
		Pension	contributions	paid	12,626	19,779

				Costumes,		Plant,
		Long-term	Short-term	props and		equipment
		leasehold	leasehold	instrument	Motor	and
		property	property	8	vehicles	fixtures	Total
		F	F	F	F
Cost or valuation
At 1 August 2020		5,727,218	1,285,441	577,923	39,184	574,753	8,204,519
Additions		1,176,895	36,518	12,845		27,313	1,253,571
Disposals				(353,999)		(14,473)	(368,472)
Transfers	between
classes				7,885		(7,885)
At 31 July	2021	6,904,113	1,321,959	244,654	39,184	579,708	9,089,618
Depreciation
At 1 August 2020		36,764	462,242	475,455	21,501	353,910	1,349,872
Charge for the year		34,401	37,783	19,733	3,537	45,308	140,762
On disposals				(332,079)		(7,884)	(339,963)
Transfers	between
classes				2,609		(2,609)
At 31 July	2021	71,165	500,025	165,718	25,038	388,725	1,150,671
Net book	value
At 31 July	2021	6,832,948	821,934	78,936	14,146	190,983	7,938,947
At 31Ju/y	2020	5,690,454	823,199	102,468	17,583	220,843	6,854,547
Company

	Long-term
	leasehold
	property
Cost or valuation
At 1 August 2020	5,727,218
Additions	1,176,895
At 31 July 2021	6,904,113

12.	Tangible fixed assets (continued)
	Company (continued)
		Long-term
		leasehold
		propertyf
	Depreciation
	At 1 August 2020	36,764
	Charge for the year	34,401
	At 31 July 2021	71,166
	Net book value
	At 31 July 2021	6,832,948
	At 31Ju/y 2020	5,690,454

	Investments
	in
	subsidiary
Company	companiesf
Cost or valuation
At 1 August 2020	70,000
At 31July 2021	70,000

	Name				Company	Company	Registered	office or principal	office or principal	Principal	Principal	activity
					number		place ofbusiness
	The Doreen		Bird College of		03088287		1 Bedford	Row, London,	WCR1	Performing		Arts
	Performing	Arts Limited					4BZ			College
	Class of		Holding	Included		in
	shares			consolidation
	Ordinary		100%	Yes
	The financial		results ofthe subsidiary			for the	year were:
	Name						Income Expenditure		Profit for		Net assets
								excluding	the	year
								Gift Aid	before	Gift
								payment		Aid
								F	payment
										F
	The Doreen		Bird College	of Performing			5,957,365	5,682,014	275,351			1,164,961
	Arts Limited
15.	Stocks
										Group		Group
										2021		2020
											6	E
	Goods for resale ofthe subsidiary									21,493		22,856

			Group	Group	Company	Company
			2021	2020	2021	2020
			6		f
Due within one year
Trade debtors			8,501	14,151
Amounts owed by group undertakings						94,690
Other debtors			12,190	13,012
Prepayments	and accrued income		50,565	75,988	50,000
			71,256	103,151	50,000	94,690
Creditors: Amounts		falling due within one year
			Group	Group	Company	Company
			2021f	2020	2021 6	2020f
Bank loans			127,054	153,691	127,054	153,691
Trade creditors			57,714	80,627
Amounts owed to group undertakings					79,258
Other taxation	and social security		111,333	111,622
Obligations under finance leases			240,180	159,690	240,180	159,690
Other creditors			66,758	69,204
Accruals and	deferred	income	274,588	268,335	7,200	4,802
			877,627	843,169	453,692	318,183

		Group	Group	Company	Company
		2021	2020	2021	2020
		6		6
Bank loans		1,988,656	2,116,172	1,988,656	2,116,172
Obligations	under finance leases	649,633	356,696	649,633	356,696
		2,638,289	2,472,868	2,638,289	2,472,868

Statement	offund	s	- current	year
				Balance at 1			Transfers	Balance at
				August 2020	Income	Expenditure	in/out	31July 2021
					5	F	5	5
Unrestricted	funds
Other unrestricted		reserves-
balance on	profit and		loss
account and	retained		earnings	2,098,739	5,957,365	(5,467,845)	7,427	2,595,686
Revaluation	reserve		ofthe
subsidiary				47,536			(7,427)	40,109
				2,146,275	5,957,365	(5,467,845)		2,635,795
Endowment	funds
Endowment	Funds	-	all funds	1,755,035				1,755,035
Restricted	funds
Conditional	donations			4,540		(2,726)		1,814
Alma Road	Site			823,563	200,470	(97,006)		927,027
				828,103	200,470	(99,732)		928,841
Total offunds				4,729,413	6,157,835	(5,567,577)		5,319,671

Statement offunds	Statement offunds	Statement offunds	(continued)
Statement offunds			- prior year
				Balance at
				1August			Transfers	Balance at
				2019	Income	Expenditure	infout	31Ju/y 2020
Unrestricted	funds
Other unrestricted		funds-
balance on	profit and		loss
account and	retained		earnings	1,458,298	6,225,523	(5,679,865)	94,783	2,098,739
Revaluation	reserve		ofthe
subsidiary				142,319			(94,783)	47,536
				1,600,617	6,225,523	(5,679,865)		2,146,275
Endowment	funds
Endowment	Funds	-	all funds	1,755,035				1,755,035
Restricted	funds
Conditional	donations			9,703		(5,163)		4,540
Alma Road	Site			728,226	175,998	(80,661)		823,563
				737,929	175,998	(85,824)		828,103
Total offunds				4,093,581	6,401,521	(5,765,689)		4,729,413

Analysis	ofn	et assets between funds - c	urrent year
			Endowment	Restricted	Unrestricted	Total
			funds	funds	funds	funds
			2021	2021	2021	2021
			6	F	8	6
Tangible	fixed	assets	1,755,035	1,816,840	4,367,072	7,938,947
Current	assets			1,814	894,826	896,640
Creditors	due within one year			(240,180)	(637,447)	(877,627)
Creditors	due	in more than one year		(649,633)	(1,988,656)	(2,638,289)
Total			1,755,035	928,841	2,635,795	5,319,671
Analysis	ofnet assets between funds - prior year
			Endowment	Restricted	Unrestricted	Total
			funds	funds	funds	funds
			2020 E	2020 f	2020 E	2020 E
Tangible	fixed	assets	1,755,035	1,339,949	3,759,663	6,854,647
Current	assets			4,540	1,186,263	1,190,803
Creditors	due	within one year		(159,690)	(683,479)	(843,169)
Creditors	due	in more than one year		(356,696)	(2,116,172)	(2,472,868)
Total			1,755,035	828,103	2,146,275	4,729,413

											Group	Group
											2021	2020
											6
	Net income for			the year (as per			Statement	of Financial	Activities)		590,258	635,832
	Adjustments		for:
	Depreciation		and losses on disposal								169,271	269,730
	Decrease	in	stocks								1,363	1,393
	Decrease	in	debtors								31,895	5,977
	Increase/(decrease)				in	creditors	other than	loans and	finance	leases	(19,395)	(12,553)
	Net cash	flow		from	operating		activities				773,392	900,369
23.	Analysis	of	cash and			cash equivalents
											Group	Group
											2021	2020
											6	E
	Cash in hand										803,891	1,064,796
	Total cash and			cash		equivalents					803,891	1,064,796
24.	Analysis	of	changes			in net debt
								At 1 August			New finance	At 31July
									2020	Cash flows	leases	2021
										F	6	6
	Cash at bank		and in		hand			1,064,796		(260,905)		803,891
	Debt due	within		1 year				(153,691)		26,637		(127,054)
	Debt due	after		1 year				(2,116,172)		127,516		(1,988,656)
	Finance leases							(516,386)			(373,427)	(889,813)
								1,064,796			(373,427)	691,369