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|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|
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||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|||
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15th March 2021
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|||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|
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||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)|
##
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|||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|
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|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|
##
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|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||-|
##
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||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|
##
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|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|
##
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|||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|
##
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||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|
##
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||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|
##
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|||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|
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||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|