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|Report ofthe|Governors|for the year|ended 31July 2021|ended 31July 2021|ended 31July 2021|ended 31July 2021|ended 31July 2021||||
|---|---|---|---|---|---|---|---|---|---|---|
|Statement<br>of|Trustees'|responsibilities||in respect||ofthe|report ofthe governors||and the financial statements|10|
|Independent|auditor's<br>report tothe||members||of|Colston's School|||||
|Consolidated|statement|offinancial|activities||(including||income and expenditure||account)|15|
|Charity statement<br>offinancial<br>activities||||(including||income and expenditure||account)||16|
|Consolidated|Balance Sheet||||||||||
|Charity Balance Sheet||||||||||18|
|Consolidated|Cash Flow|Statement||||||||19|
|Notes||||||||||20|





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||||||General|Restricted|Expendable|Other|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Funds|Endowment|Endowment|Restricted|2021|2020|
||||||||||f|f|
|Income|||||||||||
|Donations<br>and legacies||||2|91,825||26,438|325,475|443,738|959,961|
|Income from charitable|activities:||||||||||
|School fees||||3|8,864,538||||8,864,538|8,050,415|
|Other ancillary income||||4|105,734||||105,734|126,224|
|Income from other trading activities:|||||||||||
|Trading income|||||29,751||||29,751|40,609|
|Investment<br>income||||||63,596|144,838||208,434|231,795|
|Total income|||||9,091,848|63,596|171,276|325,475|9,652,195|9,409,004|
|Expenditure|||||||||||
|Costs ofraising funds:|||||||||||
|Trading costs||||7|17,457||||17,457|19,078|
|Fundraising<br>costs||||7|||26,190||26,190|55,291|
|Expenditure<br>an charitable||activities:|||||||||
|Education||||7|8,587,196|||304,498|8,891,694|8,740,095|
|Depreciation||||7|142,194|514,139||3,216|659,549|702,574|
|Total expenditure||||7|8,746,847|514,139|26,190|307,714|9,594,890|9,517,038|
|Net income/(expenditure)||before|||||||||
|transfers||||6|345,001|(450,543)|145,086|17,761|57,305|(108,034)|
|Transfers||||16|186,721|(63,596)|(123,125)||||
|Net income/(expenditure)|||||531,722|(514,139)|21,961|17&761|57,305|(108,034)|
|Realised gain/(loss)<br>on investment|||assets||||149,135||149,135|137,534|
|Unrealised<br>gain/(loss)<br>on|investment||||||||||
|assets||||12|||801,934|565|802,499|(559,561)|
|Net movement<br>in funds|||||531,722|(514,139)|973,030|18,326|1,008,939|(530,061)|
|Fund balances brought forward|||||5,634,922|8,401,414|5,035,488|49,043|19,120,867|19,650,928|
|Fund balance carried forward|||||6,166,644|7,887,275|6,008,518|67,369|20,129,806|19,120,867|





## 

|||||Note|General|Restricted|Other|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||Funds|Endowment|Restricted|2021|2020|
|||||||f|E|f.|E|
|income||||||||||
|Donations<br>and legacies||||2|91,825||459,350|551,175|953,876|
|Income on charitable|activities:|||||||||
|School fees||||3(a)|8,998,413|||8,998,413|8,209I290|
|Other ancillary income||||4|105,734|||105,734|126,224|
|Income fram other trading|||activities:|||||||
|Trading income|||||29,751|||29,751|40,609|
|investment<br>income||||||63,596||63,596|82,982|
|Total income|||||9,225,723|63,596|459,350|9,748,669|9,412,981|
|Expenditure||||||||||
|Costs ofraising funds:||||||||||
|Trading costs||||7|17,457|||17,457|19,078|
|Fundra ising costs||||7||||||
|Expenditure<br>on charitable|||activities. '|||||||
|Education<br>(excluding|depreciation 5|||7|8,597,945||438,373|9,036,318|8&904,904|
|refurbishment<br>costs)||||||||||
|Depreciation||||7|118,289|514,139|27,121|659,549|702,574|
|Total expenditure||||7|8/733,691|514,139|465,494|9,713,324|9,626,556|
|Net income/(expenditure)|||before|6|492,032|(450,543)|(6,144)|35,345|(213,575)|
|transfers||||||||||
|Transfers||||16|63,596|(63,596)||||
|Net income/(expenditure)|||before other|||||||
|recognised<br>gains and losses|||||555,628|(514,139)|(6,144)|35,345|(213,575)|
|Gain on investment<br>assets|||||||565|565||
|Net movement<br>in funds|||||555,628|(514,139)|(5,579)|35,910|(213,566)|
|Fund balances brought||forward|||5,393,300|8,401,414|290,667|14,085,381|14,298,947|
|Fund balance carried|forward||||5,948,928|7,887,275|285,088|14,121,291|14,085,381|





## 

|||||Note||2021||2020|
|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||
|Permanent<br>endowment||||||5,587,275||6,101,414|
|Other assets||||||8,376,790||8,273,106|
|Tangible assets||||10||13,964,065||14,374,520|
|Investments:||||11|||||
|Permanent<br>endowment||||||2,300,000||2,300,000|
|Expendable<br>endowment||||||5,253,343||4,231,072|
|||||||21,517,408||20,905,592|
|Current assets|||||||||
|Stocks||||12|5,533||4,584||
|Debtors||||13|408,487||476,076||
|Cash at bank and in|hand||||2,488,799||1,601,679||
||||||2,902,819||2,082,339||
|Creditors: amounts|falling due within one year|||14|(2,909,795)||(2,621,516)||
|Net current (liabilities)||||||(6,976)||(539,177)|
|Total assets less current||liabilities||||21,510,432||20,366,415|
|Creditors: amounts|falling due||after more than||||||
|one year||||15||(1,380,626)||(1,245,548)|
|Total net assets||||||20,129,806||19,120,867|
|Represented<br>by:|||||||||
|Unrestricted<br>general|funds|||||6,166,644||5,634,922|
|Restricted funds||||16a)||67,369||49,043|
|Restricted funds —permanent|||endowment|16b)||7,887,275||8,401,414|
|Restricted funds —expendable|||endowment|16c)||6,008,518||5,035,488|
|Total funds||||17||20,129,806||19,120,867|





## 

||||||Note|2021||2020|
|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||
|Permanent|endowment|||||5,586,920||6,101,414|
|Other assets||||||8,377,145||8,273,106|
|Tangible assets|||||10|13,964,065||14,374,520|
|Investments:|||||11||||
|School||||||4,019||3,454|
|Investment|Property|||||2,300,000||2,300,000|
|||||||16,268,084||16,677,974|
|Current assets|||||||||
|Stocks|||||12|5,533|4,584||
|Debtors|||||13|351,944|439,185||
|Cash at bank and||in|hand|||2,345,606|1,396,282||
|||||||2,703,083|1,840,051||
|Creditors: amounts|||falling due within one year||14|(2,885,000)|(2,913,596)||
|Net current|(liabilities)|||||(181,917)||(1,073,545)|
|Total assets|less|current liabilities||||16,086,167||15,604,429|
|Creditors: amounts|||falling due after more than||||||
|one year|||||15|(1,964,876)||(1,519,048)|
|Total net assets||||||14,121,291||14,085,381|
|Represented|by:||||||||
|Unrestricted|general||funds|||5,948,928||5,393,300|
|Restricted funds||||||285,088||290,667|
|Restricted funds||- endowment||||7,887,275||8,401,414|
|Total funds|||||17|14,121,291||14,085/381|
|These<br>i|o|statements||were approved|by the Governors|on ~.....i/2. ..........and were|signed on its|behalf by:|
|N||||C H Green|||||
|Gov<br>or||||Governor|||||





## 

|||2021|2020|
|---|---|---|---|
|||f|f|
|Cash flows from operating<br>activities||||
|Net expenditure<br>for the year||57,305|(108,034)|
|Adjustments<br>for:||||
|Depreciation,<br>amortisation<br>and impairment||659,549|702,474|
|Investment<br>income||(238,430)|(231,795)|
|Interest payable and similar charges||||
|||478,424|362,645|
|Decrease in trade and other debtors||67,589|15,116|
|(Increase) / decrease<br>in stocks||(949)|(2,035)|
|(Decrease) / increase<br>in trade and other creditors||155,613|92,381|
|(Decrease) in payment<br>offees in advance||||
|Increase / (decrease)<br>in advance payment|offees|217,744|195,116|
|Net cash from operating<br>activities||918,421|663,223|
|Cash flows from investing<br>activities||||
|Proceeds from sales of investments||760,986|807,124|
|Acquisition<br>ofinvestments||(831,623)|(631,253)|
|Interest received||4|308|
|Investment<br>income||174,830|148,505|
|Rentalincome||63,596|82,982|
|Acquisition<br>oftangible fixed assets||(249,094)|(19,337)|
|Net cash from investing<br>activities||(81,301)|388,329|
|Cash flows from financing<br>activities||||
|Interest<br>paid||||
|Increase<br>in loan finance||50,000||
|Net cash from financing<br>activities||50,000||
|Net increase / (decrease) in cash and cash|equivalents|887,120|1,051,552|
|Cash and cash equivalents<br>at 1August||1,601,679|550,127|
|Cash and cash equivalents<br>at 31July||2,488,799|1,601,679|





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## 

|Consolidated|Consolidated||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||6|6|
|Individuals|||||||26,543|165,165|
|Government||grants|||||81,395|420,492|
|Charitable|foundations||||||335,800|374,304|
||||||||443,738|959,961|
|School|||||||2021<br>6|2020f|
|Individuals|||||||100|205|
|Government||grants|||||81,395|420,492|
|Charitable|foundations||||||469,680|533,179|
||||||||551,175|953,876|
|Government||grants|received<br>in the year related to||the Coronavirus|Job Retention Scheme.|||
|(a) School|fee income||||||||
|Consolidated|||||||2021|2020|
||||||||f|6|
|Gross fees|||||||10,719,291|10,100,606|
|Less:Total|bursaries,||grants and allowances||||(2,144,018)|(2,371,272)|
|Add back:|Scholarships;|||grants etc paid by restricted|funds||289,265|321,081|
|Net fee income|||||||8,864,538|8,050,415|
|School|||||||2021|2020|
||||||||6|f|
|Gross fees|||||||10,719,291|10,100,606|
|Less:Total|bursaries,||grants and allowances||||(2,144,018)|(2,371,272)|
|Add back:|Scholarships;|||grants etc paid by restricted|funds||423,140|479,956|
||||||||8,998,413|8,209,290|





||Consolidated|||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||f|f|
||Scholarships,<br>grants etc|||||||289,265|321,081|
||Prizes and leaving awards|||||||6,528|4,868|
||Net fee income|||||||295,793|325,949|
||School|||||||2021|2020|
|||||||||f|f|
||Scholarships,<br>grants etc|||||||423,140|479,956|
||Prizes and leaving awards|||||||6,528|4,868|
|||||||||429,668|484,824|
||The above scholarships|and grants||were made to||72 individuals|(2020:72).|||
||Other ancillary income|||||||||
||Consolidated<br>and School|||||||2021|2020|
|||||||||f|f|
||Other ancillary activities|||||||||
||School bus|||||||48,881|48,764|
||Insurance<br>commissions-||||||||7,576|
||Learning support|||||||14,970|6,538|
||Tuck and wrap around care|||||||41,883|63,346|
|||||||||105,734|126,224|
|5|Investment<br>income|||||||||
|||||||||2021|2020|
|||||||||f|f|
||Income from investments-||expendable||endowment|fund||144,834|148,505|
||Income from investment|—restricted||fund||||63,596|82,982|
||Bank interest received|||||||4|308|
|||||||||208,434|231,795|





## 

## 

|6|Net income/(expenditure)||||
|---|---|---|---|---|
||||2021f|2020<br>6|
||Net income is stated after charging:||||
||Auditor's<br>remuneration<br>(excluding<br>irrecoverable|VAT) for audit services-consolidated|16,500|16,500|
||Auditor's<br>remuneration<br>(excluding irrecoverable|VAT) for audit services- school only|14,500|14,500|
||Depreciation<br>on tangible fixed assets||659,549|702,474|
||Payments to defined benefit pension schemes||851,773|802,994|
||Payments to defined contribution<br>pension schemes||60,871|65,217|





## 

## 

|Resources|expended|expended|expended||||||
|---|---|---|---|---|---|---|---|---|
|Consolidated||||Staff|Other||||
|||||Costs|Costs|Depreciation|2021|2020|
|||||f|f|f|f|f|
|Cost ofgenerating|||funds||||||
|Trading costs||||17,457|||17,457|19,078|
|Fundraising|costs||||26,190||26,190|55,291|
|Expenditure|on Charitable||||||||
|activities|||||||||
|Teaching||||5,910,491|372,804||6,283,295|6,018,146|
|Welfare|||||404,508||404,508|516,343|
|Premises||||337,067|742,637|529,283|1,608,987|1,510,510|
|Grants, awards||and|prizes||295,793||295,793|325,949|
|Support costs||||381,939|446,455|130,266|958,660|1,071,721|
|2021||||6,646,954|2,288,387|659,549|9,594,890|9,517,038|
|2020||||6,422,465|2,391,999|702,574|9,517,038||
|School||||staff|Other||||
|||||Costs|Costs|Depreciation|2021|2020|
|||||f|f|f|f|f|
|Cost ofraising||funds|||||||
|Trading costs||||17,457|||17,457|19,078|
|Fundraising|costs||||||||
|Expenditure|on Charitable||||||||
|activities|||||||||
|Teaching||||5,910,491|372,804||6,283,295|6,018,146|
|Welfare|||||404,508||404,508|516,343|
|Premises||||337,067|753,387|529,283|1,619,737|1,521,260|
|Grants, awards||and|prizes||429,668||429,668|484,824|
|Support costs||||381,939|446,455|130,266|958,660|1,066,905|
|2021||||6,646,954|2,406,822|659,549|9,713,325|9,626,556|
|2020||||6,422,465|2,501,517|702,574|9,626,556||





## 

## 

|Employee information|||
|---|---|---|
|Staff costs - School|||
||2021|2020|
||E|E|
|Wages and salaries|SI147,918|4,974,771|
|Social security costs|504,519|467,248|
|Pension contributions|912,644|860,257|
|Agency staff costs|81,873|120,190|
||6,646,954|6,422,466|



|he average n|umbe|r ofemployees<br>during the year were:|||
|---|---|---|---|---|
||||2021|2020|
||||E|E|
|Teaching|||98|100|
|Administrative|and|support|43|30|
|Welfare|||14|14|
|Premises|||11|10|
||||166|154|



|2021|2020|
|---|---|
|f|E|





## 

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## 

## 

||||||2021|2020|
|---|---|---|---|---|---|---|
|Interest payable|and|similar charges included|within educational<br>support costs||f|6|
|On loans|||||35,750|35,750|
|Total interest<br>payable|||||35,750|35,750|
|Bank charges|||||4,329|8,478|
||||||40,079|44,228|
|Tangible fixed assets|||||||
|||Long|Furniture||||
|||leasehold<br>land|and|Motor|||
|||and buildings|equipment|Vehicles||Total|
|Cast or valuation|||||||
|At 1August 2020||21,911,777|2,414,682|22,000||24,348,459|
|Additions||231,825|17,269|||249,094|
|At 31July 2021||22,143,602|2,431,951|22,000||24,597,553|
|Accumulated|||||||
|depreciation|||||||
|At 1August 2020||7,870,043|2,081,896|22,000||9,973,939|
|Charge for the year||529,283|130,266|||659,549|
|At 31July 2021||8,399,326|2,212,162|22,000||10,633,488|
|Net book value|||||||
|At 31July 2021||13,744,276|219,789|||13,964,065|
|At 31July 2020||14,041,734|332,786|||14,374,520|





## 


|Consolidated||||2021|||2020|
|---|---|---|---|---|---|---|---|
||||securitiesand|||Securities||
|||Investment|other||Investment|and other||
|||properties|investments|Total|properties|investments|Total|
|At 1August||2,651,468|3,879,604|6,531,072|2,651,468|4,477,502|7,128,970|
|Additions|||831,624|831,624||631,253|631,253|
|Disposals|||(611,852)|(611,852)||(669,590)|(669,590)|
|Net revaluation|gain||802,499|802,499||(559,561)|(559,561)|
|At 31July||2,651,468|4,901,875|7,553,343|2,651,468|3,879,604|6,531,072|
|Charity||||2021|||2020|
||||Securitiesand|||Securities||
|||Investment|other||Investment|and other||
|||properties|investments|Total|properties|investments|Total|
||||||As restated||Asrestated|
|At 1August||2,300,000|3,454|2,303,454|2,300,000|3,445|2,303,445|
|Net revaluation|gain||565|565||||
|At 31July||2,300,000|4,019|2,304,019|2,300,000|3,454|2,303,454|





## 

## 

|Investments<br>(continued)|Investments<br>(continued)|||||||
|---|---|---|---|---|---|---|---|
|Investments<br>with<br>a market||value|of ES,017,649|(2020: E3,876,150) are managed|on<br>behalf|of the|Hilborne|
|Foundation<br>by Smith and|Williamson.||The portfolio|is spread across distinct classes of|investment|as follows:||
||||||2021||2020|
||||||E||E|
|UK Listed Equity|||||1,627,132|1,183,396||
|UK Alternative<br>Investments|Market||||787,412||543,655|
|UK Fixed interest|||||310,153||458,870|
|Overseas<br>Listed Equity|||||1,918,979|1,539,340||
|UK Specialist Credit|||||||63,000|
|Multi Asset|||||95,384||33,638|
|Overseas<br>Fixed interest|||||158,793||54,251|
|Cash|||||119,796|||
|Market value at 31luly|||||5,017,649|3,876,150||



## 

||2021|2020|
|---|---|---|
||E|f|
|Consumables|5,533|4,584|





## 

|Debtors||||
|---|---|---|---|
|Consolidated||||
|||2021|2020|
|||f||
|Fees receivable —Gross||288,078|291,526|
|Bad debt provision||(85,864)|(112,446)|
|Fees receivable —Net||202,214|179,080|
|Prepayments|and accrued income|177,371|268,144|
|Other debtors||28,902|28,852|
|||408,487|476,076|
|School||||
|||2021|2020|
|||f|f|
|Fees receivable- Gross||288,078|291,526|
|Bad debt provision||(85,864)|(112,446)|
|Fees receivable|—Net|202,214|179,080|
|Prepayments<br>and accrued income||126,141|235,357|
|Other debtors||23,589|24,748|
|||351,944|439,185|





## 

|Creditors: amounts|falling due within one year|falling due within one year|||
|---|---|---|---|---|
|Consolidated|||||
||||2021|2020|
||||6|6|
|Trade creditors|||308,245|240,637|
|Taxation and social|security||131,230|214,908|
|Other creditors and|accruals||931,636|793,076|
|Refundable<br>deposits|||259,750|226,627|
|Advance fee payments||(see note 17)|1,278,934|1,146,268|
||||2,909,795|2,621,516|
|School|||||
||||2021|2020|
||||6|E|
|Trade creditors|||308,245|240,638|
|Taxation and social|security||131,230|214,908|
|Other creditors and|accruals||906,841|785,155|
|Refundable<br>deposits|||259,750|226,627|
|Advance<br>Fee payments|||1,278,934|1,146,268|
|Loan from the Hilborne||Foundation||300,000|
||||2,885,000|2,913,596|





## 

## 

## 

|Consolidated|||||
|---|---|---|---|---|
||||2021|2020|
||||6|6|
|Advance fee payments|||830,626|745,548|
|Loan from Old Coistonian|Charitable|Trust|500,000|500,000|
|Bounce Back Loan|||50,000||
||||1,380,626|1,245,548|
|School|||2021|2020|
||||f|f|
|Advance fee payments|||830,626|745,548|
|Loan from Qld Colstonian|Charitable|Trust|500,000|500,000|
|Loan from The Hiiborne|Foundation||584,250|273,500|
|Bounce Back Loan|||50,000||
||||1,964,876|1,519,048|



## 

|unsecured,<br>interest free and d<br>The total outstanding<br>balance <br>Advance fee payments|unsecured,<br>interest free and d<br>The total outstanding<br>balance <br>Advance fee payments|ue for repayment<br> at the year-end|ue for repayment<br> at the year-end|in 2031.<br>related to these loans isf584,250(2020:f573,500).|in 2031.<br>related to these loans isf584,250(2020:f573,500).||
|---|---|---|---|---|---|---|
|The School operates a scheme||where parents||may enter into a contract to pay to the School tuition fees||in advance|
|for the duration<br>oftheir|education. The money|||may be returned|subject to specific conditions<br>on the receipt ofone||
|term's notice. Assuming|pupils|will remain|in the School, advance fees will be applied as shown below:||||
||||||2021||
|More than 5years|||||17,181|34,096|
|Within 2to 5years|||||328,134|274,799|
|Within 1to 2years|||||485,311|436,653|
||||||830,626|745,548|
|Within 1year (note 14)|||||1,278,934|1,146,268|
||||||2,109,560|1,891,816|





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|Consolidated||||||||
|---|---|---|---|---|---|---|---|
||||Balance at||||Balance at|
||||1August|||Gains, losses|31July|
||||2020<br>f|Incoming<br>f|Outgoing<br>f|and transfers<br>f|2021|
|Bursaries and Scholarships||||91,086|(89,551)||1,535|
|Society ofMerchant Venturers||||24,000|(24,000)|||
|Old Colstonian|Society|||15,084|(15,084)|||
|Old Colstonian|Charitable|Trust||76,539|(76,539)|||
|John James Foundation||||30,000|(30,000)|||
|Roger Newport|Foundation|||55,646|(55,646)|||
|Prize Fund|||3,199|6,524|(7,528)|565|2,760|
|Sundry donations|||2,755|3,395|(6,150)|||
|Moo donations|||18,532||(3,216)||15,316|
|Parents Society|donations|||23,201|||23,201|
|Lawn Tennis Association|||4,927||||4,927|
|Theatre seats|||19,630||||19,630|
||||49,043|325,475|(307,714)|565|67,369|





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## 

|School||||||||
|---|---|---|---|---|---|---|---|
||||Balance at||||Balance at|
||||1August|||Gains, losses|31July|
||||2020|Incoming|Outgoing|and transfers|2021|
||||f|6|f||6|
|Bursaries and Scholarships||||91,086|(89,551)||1,535|
|Society ofMerchant Venturers||||24,000|(24,000)|||
|Old Colstonian Society||||15,084|(15,084)|||
|Old Colstonian<br>Charitable||Trust||76,539|(76,539)|||
|John James Foundation||||30,000|(30,000)|||
|Roger Newport<br>Foundation||||55,646|(55,646)|||
|Colston's School Foundation —bursaries||||16,875|(16,875)|||
|Hilborne Foundation-|bursaries|||117,000|(117,000)|||
|Hilborne<br>Foundation —Hilborne Garden|||16,870||(11,405)||5,465|
|Prize fund|||2,951|6,526|(7,528)|565|2,514|
|Sundry donations|||2,757|3,393|(6,150)|||
|MoD donation towards|CCF building||18,532||(3,216)||15,316|
|Parents Society donations||||23,201|||23,201|
|Lawn Tennis Association|||4,927||||4,927|
|Theatre seats|||19,630||||19,630|
|Hilborne<br>Foundation|||225,000||(12,500)||212,500|
||||290,667|459,350|(465,494)|565|285,088|



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## 

|Consolidated|only||||||||
|---|---|---|---|---|---|---|---|---|
|||||Movement|in reserves||||
|||Balance at||||||Balance at|
|||1August||||Investment|gains|31)uly|
|||2020|Incoming|Outgoing|Transfer|||2021|
|||E|E|E|E|||E|
|Colston's School Foundation||13,554|26,438||(16,875)|||23,117|
|Hi(borne Foundation||5,021,934|144,838|(26,190)|(106,250)|951,069||5,985,401|
|||5,035,488|171,276|(26,190)|(123,125)|951,069||6,008,518|



## 

|||Fixed|Net current|||
|---|---|---|---|---|---|
|||assets|assets/|Long-term||
|Consolidated|||(liabilities)|liabilities|Total|
||||E|E|E|
|Unrestricted|funds|8,412,587|(865,317)|(1,380,626)|6,166,644|
|Restricted funds —other||35,402|31,967||67,369|
|Permanent|endowment|7,887,275|||7,887,275|
|Expendable|endowment|5,182,144|826,374||6,008,518|
|||21,517,408|(6,976)|(1,380,626)|20,129,806|
|||Fixed|Net current|||
|||assets|assets/|Long-term||
|School|||(liabilities)|liabilities|Total|
||||E|E|E|
|Unrestricted|funds|8,120,407|(506,603)|(1,664,876)|5,948,928|
|Restricted funds||260,402|24,686||285,088|
|Endowment|- Permanent|7,887,275|||7,887,275|
|||16,268,084|(481,917)|(1,664,876)|14,121,291|





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## 

|46,484).The remain|ing<br>lease payments<br>un|der operating<br>leases for equipm|ent<br>is E58,097|(2020:f78,993)p|
|---|---|---|---|---|
||||2021|2020|
|||||E|
|Less than one year|||45,470|38,752|
|Two to five years|||12,627|40,241|
||||58,097|78,993|
|nalysis of changes|in net debt||||
|onsolidated|||||
|||At 1August 2020|Cash flow|At 31July 2021|
|Cash at bank and in hand||1,601,679|887,120|2,488,799|
|Debt due after one|year|(500,000)|(50,000)|(550,000)|
|||1,101,679|837,120|1,938,799|



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