2020-08-31-accounts

ONTENTS
	Page
Legal and Administrative Information	3—4
Report of the Directors	5—26
Independent Auditor’s Report	27—29
Statement of Financial Activities	30
Balance Sheet	31
Statement of Cash Rows	32
Notes to the Financial Statements	34—53

Name	Appointment/resignation	(1)	(2)	(3)	(4)	(5)	(6)
	in year
Mr PR Johnson	Resigned 10/12/2020		X	X			X
Mrs C Boyd	Appointed as Chair 10/1 212020	X	X	X	X		X
Mr S Abraham	Appointed 3/4/2020						X
Mr M Birchall		X					X
Mrs J E Birketi				X		X
Mr M Bolingbroke							x
Mr P J Driver	Resigned 1 0/12/2020	X				X
MrDNRiiey		X			X	X
MrC Roberts			X
Mrs J Squire				X		X
Mrs C Thomson	Appointed 1Z’10/20			X
MrMGTyIey			x

Directors who were t OFFICERS	he parents of a pupil at the School during the year
Mr N Smith	Head
Mrs S Kershaw	Chief Operating Officer, Company Secretary and Clerk to
	the Governors
Solicitors:	The School has used a number of specialist legal advisors
	during the year
Auditor:	Crowe UK LLP
	Chartered Accountants and member of Crowe Global
	3rd floor, The Lexicon
	Mount Street
	Manchester
	M2 5NT
Bankers	Santander UK plc
	4 St Pauls Square
	Liverpool
	L3 9SJ

	2019-20	2018-19
UK Energy use (kWh)	3,914,902	4,136,519
Associated Greenhouse gas	789,730	841,005
emissions (Tonnes C02
equivalent)
Intensity ratio Emissions per	515	577
pupil

15th March 2021

		Unrestricted	Restricted	Total	Total
	Note	Funds	Funds	2020	2019
INCOME		£‘OOO	£000	£‘OOO	£000
Income from:
Donations and legacies	6	189	115	304	207
Investments	5	14	-	14	24
Ancillary trading income	4	1,012	-	1,012	1,120
Charitable activities	3	15,301	-	15,301	14,907
Total Income		16,516	115	16,631	16,258
EXPENDITURE
Charitable activities		15,382	35	15,417	15,216
Total Expenditure	7	15,382	35	15,417	15,216
Net School Income for the year
before transfers		1,134	80	1214	1,042
Transfers between funds	19	-	-	-	-
Net movement in funds		1,134	80	1,214	1,042
Total funds brought forward		14.985	65	15,050	14,008
Total funds carried forward	21	16,119	145	16,264	15,050

	Note	2020	2020	2019	2019
		£‘OOO	£‘OOO	£‘OOO	£000
Fixed assets
Tangible assets	10		19,765		20415
Current assets
Debtors	12	447		601
Cash at bank and in hand		3,079		2,739
		3,526		3,340
Creditors: Amounts falling due within
one year	13
Loans		(348)		(348)
Other		(3,295)		(4,424)
Net current (liabilities)			(117)		(1,432)
Total assets less current liabilities			19.648		18,983
Creditors: Amounts falling due after
more than one year	14		(3,384)		(3,933)
Net assets			16,264		15,050
Funds
Unrestricted general funds	20		16,119		14,985
Restricted funds	19		145		85
Total charity funds			16,264		15,050

TATEMENT OF CASH FLOWS
	2020	2019
	£‘OOO	£‘OOO
Cash flows from operating activities:
Net movement in funds	1,214	1042
Adjusted for:
Depreciation	877	825
Interest payable	92	103
Interest receivable	(14)	(24)
Decrease/(Increase) in trade and other receivables	154	(18)
(Decrease)/Increase in trade and other payables	(1,191)	513
(Decrease) in pension debt provision	(94)	(36)
Net cash inflow from operating activities	1038	2,405
Cash flows from investing activities
Purchase of tangible fixed assets	(227)	(2338)
Interest received	14	24
Net cash outflows from investing activities	(213)	(2,314)
Cash flows from financing activities
Repayments of amounts borrowed	(398)	(398)
Interest paid	(92)	(103)
Net cash inflows from financing activities	(490)	(501)
Net increase/(decrease) in cash & cash equivalents	340	(410)
Opening cash & cash equivalents	2.739	3,149
Closing cash & cash equivalents	3,079	2,739
Movement in cash & cash equivalents	340	(410)

		At 1
		September	Cash	At 31 August
		2019	flow	2020
		£000	£‘OOO	£000
Cash	at bank	2,739	340	3,079
Bank	loan due in less than one year	(348)	-	(348)
Bank	loan due in greaterthan one year	(2,747)	397	(2,350)
		(356)	737	361

3. CHARITABLE ACTIVITIES — FEES RECEIVABLE
	2020	2019
	£000	£‘OOQ
Fees receivable consist of:
School fees	17,340	16,353
Less: total bursaries, scholarships and Covidi 9 fees rebate	(2,039)	(1,446)
	15,301	14907
Add back: Bursaries and other awards paid for by restricted funds	.	-
	15,301	14,907

. —
	2020	2019
	£000	£000
Catering fees	621	810
Entrance and registration fees	29	33
After school and other clubs	74	100
Income from CHS Enterprises	114	93
CJRS income	163	-
Other income	11	84
	1,012	1,120

5.	INVESTMENT	INCOME
			Total	Total
			2020	2019
			£‘OOO	£000
Bank	interest		14	24
			14	24

	Unrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds	2020
	£000	£000	£000	£‘OOO
Grants received for Bursaries
from:
OHS 1 50h Anniversary Bursary	100	-	-	100
Trust
Play and learn	-	-	-
Specific students	-	14	-	14
Oglesby Trust	10	-	-	10
STEM and ART bursary	72	-		72
donations
Peter Kershaw income	7	-	-	7
Hardship fund	-	101	-	101
	189	115	-	304
	Unrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds	2019
	£000	£000	£000	£‘OOO
Grants received for Bursaries
from:
CHS 150th Anniversary	125	-	-	125
Bursary Trust
Play and learn	-	10		10
Specific students	-	34	-	34
Other restricted funds	-	21	-	21
Junior School Art Room	-	10	-	10
Hockely Ohemistry	-	-	-	-
Scholarship
Annual fund income	.	-	.	-
Peter Kershaw income	7	-	-	7
Oapital donations
	132	75	-	207

		Staff		2020
		Costs	Other	Total
			£000	£000
Charitable	expenditure	11617	3600	15417
		Staff		2019
		Costs	Other	Total
		£000	£000	£000
Char4able	expenditure	10,972	4,244	15.216

		2020	2019
		£000	£000
Depreciation		877	825
Audftor’s remuneration	- audit	11	18
	- non-audit (other assurance services)	2	3

8. STAFF COSTS
	2020	2019
	£000	£‘OOO
Staff costs were as follows:
Salaries	8,995	8,774
Social security costs	899	869
Pension costs	1,668	1,262
Private medical insurance	55	67
	11,617	10,972

	2020	2019
	No	No
Teachers	157	158
Fund raising and publicity	7	6
Management and administration	159	141
	323	305

Emoluments include salary, taxable bene	fits in kind and other paymen	ts to emplo
	2020	2019
	No	No
£60000 to £69999	-	1
£70,000 to £79999	5	4
£80,000 to £89,999	1	1
£130000 to £139,999	-	1
£140,000 to £149,999		-

	Freehold
	Land and	Plant and
	Buildings	Equipment	Total
	£000	£‘OOO	£‘OOO
Cost or valuation
At31 August2019	25,705	2,322	28,027
Additions	60	167	227
Disposals		(1,118)	(1,118)
At31 August2020	25,765	1,371	27,136
Depreciation
At31 August2019	6,199	1.413	7,612
Charged in year	587	290	877
Disposals	-	(1,118)	(1,118)
At 31 August 2020	6,786	585	7,371
Net book value
At 31 August 2020	18,979	786	19,765
At31 August2019	19,506	909	20.415

12. DEBTORS
	2020	2019
	£‘OOO	£‘OOO
School debtors	18	30
Prepayments and accrued income	376	426
Amounts owed by associated undertakings	49	145
Other debtors	4
	447	601
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£000	£000
Bank loans (note 15)	348	348
	348	348
Trade creditors	272	728
School fees in advance (note 17)	1,956	2,497
Other taxation and Social Security	229	216
Other creditors	506	367
Accruals	1 42	503
Sundry School pupils’ accounts	23	-
Cheadle Hulme School 150th Anniversary Bursary Trust Fund	51	1
Pension deficit provision (note 16)	116	112
	3,295	4,424

		2020	2019
		£000	£000
Bank loans	— secured (note 15)	2350	2,747
School fees	paid in advance (note 17)	71	129
Pension deficit provision (note 16)		963	1,057
		3,384	3933

Loans are repayable as follows;
	2020	2019
	£‘OOO	£000
In one year or less	348	348
Between one and two years	200	398
Between two and five years	1,117	748
In five years or more	1,033	1,602
	2,698	3,096

	2020	2019
	£‘OOO	£000
Pension deficit provision as at 1 September 2019	1,169	1,205
Deficit contributions paid	(112)	(104)
Remeasurement of defined benefit pension	22	68
Pension deficit provision as at 31 August 2020	1,079	1,169
Less: amount due within one year	(116)	(112)
	963	1,057
17. CREDITORS: DEFERRED INCOME
		2020
		£‘OOO
At 1 September 2019		2,625
Received during the year		1,445
Discounts given during the year		2
Released to income for the year		(2,045)
At 31 August 2020		2,027

		2020	2019
		£000	£000
Financial	assets measured at amortised cost (a)	3,097	2,769
Financiat	liabilities measured at amortised cost (b)	2,734	3,592

	Balance				Balance
	1 September				31 August
	2019	Income	Expenditure	Transfers	2020
	£‘OOO	£‘OOO	£‘OOO	£‘OOO	£‘OOO
Hardship fund	-	101	-	-	101
Music and Languages
Fund	25	-	(7)	-	18
Specific student funds	30	14	(18)	-	26
Junior School Art Room	10	-	(10)	-	-
	65	115	(35)	-	145

	Balance				Balance
	1 September				31 August
	2018	Income	Expenditure	Transfers	2019
	£‘OOO	£‘OOO	£‘OOO	£‘OOO	£‘OOO
Play and Learn	-	10	.	(10)
Music and languages
legacy	25	21	-	(21)	25
Excursion fund	20	-	-	(20)	-
Annual fund	54	-	-	(54)
Specific student funds	-	34	(4)		30
Junior School Art Room	-	10	-	-	10
	99	75	(4)	(105)	65

		Balance					Balance
	1	September				31	August
		2019	Income	Expenditure	Transfers		2020
		£000	£‘OOO	£000	£‘OOO		£000
General		14985	16516	(15382)	-		16119
		14,985	16,516	(15,382)	-		16,119

		Balance	Balance			Balance
		1 September				31 August
			2018	Income ExpenditureTransfers		2019
			£‘OOO	£000	£000 £000	£‘OOO
General			13,909	16,183	(15,212) jq	14,985
			13909	16,183	(15,212) 105	14,985
21.	ANALYSIS		OF NET	ASSETS BETWEEN FUNDS
2020					Net Current
				Tangible	Assets!	Long-Term	2020
				Fixed Assets	(Liabilities)	liabilities	Total
				£000	£‘OOO	£‘OOO	£‘OOO
Restricted		Funds		-	145	-	145
Unrestricted Funds				19,765	(262)	(3,384)	16,119
				19,765	(117)	(3,384)	16,264
2019					Net Current
				Tangible	Assets/	Long-Term	2019
				Fixed Assets	(Liabilities)	liabilities	Total
				£000	£000	£000	£000
Restricted		Funds			65		65
Unrestricted Funds				20,415	(1,497)	(3,933)	14,985
				20,415	(1,432)	(3,933)	15,050

	Unrestricted	Restricted	Total
	Funds	Funds	2019
NCOME	£000	£000	£‘OOO
Income from:
Donations and legacies	132	75	207
Investments	24	-	24
Ancillary trading income	1,120	-	1,120
Charitable activities	14907	-	14,907
Total Income	16,183	75	16,258
EXPENDITURE
Charitable activities	15,212	4	15,216
Total Expenditure	15,212	4	15,216
Net School Income for the year
before transfers	971	71	1,042
Transfers between funds	105	(105)	-
Net movement in funds	1,076	(34)	1,042
Total funds brought forward	13,909	99	14,008
Total funds carried forward	14,985	65	15,050