## ## ## |||||||| |---|---|---|---|---|---|---| |Trustees|||Sir R Dowling|||| ||||Mr BKicks|||| ||||Ms S Boyd|||| ||||Dr E insch|||| ||||Mr A Sharif||(Appointed|11 December| ||||||2019)|| ||||Mr K Hawkins||(Resigned|10August| ||||||2020)|| ||||Mr L Lee||(Appointed|9 December| ||||||2020)|| |Charity|number||1079647|||| |Company||number|03861455|||| |Registered||office|31 Calthorpe|Road||| ||||Edgbaston|||| ||||Birmingham|||| ||||B151RX|||| |Auditor|||Azets Audit Services|||| ||||Thorpe House|||| ||||93 Headlands|||| ||||Kettering|||| ||||Northamptonshire|||| ||||United
Kingdom|||| ||||NN15 6BL|||| |Bankers|||Lloyds Bank|||| ||||1 Calthorpe|Road||| ||||Birmingham|||| ||||United
Kingdom|||| ||||B151QL|||| |Solicitors|||Irwin Mitchell|||| ||||31 Temple Street|||| ||||Birmingham|||| ||||United
Kingdom|||| ||||B25DB|||| ## ## |||Page| |---|---|---| |Trustees report||1-5| |Statement
ofTrustees|responsibilities|| |Independent
auditor's|report|7-9| |Statement
offinancial|activities|10| |Balance sheet||| |Statement
ofcash flows||12| |Notes to the financial|statements|13-25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Meetings ofthe Council|||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The Council holds a general
meeting||at|least||once every School|||||term,||with|meetings||called||more||frequently||if| |required.|||||||||||||||||||||| |The day-to-day
running
ofthe School||is|delegated
to the Headmaster|||||||||and|the|Deputy||Headmistress||||supports|| |this function.|||||||||||||||||||||| |The Members ofthe Council who|served||during|||the year to the|||date of|||signing were as||||below:|||||| |Sir Robert Dowling|||||||||||||||||||||| |Mr Kishen Hawkins|||||||||||||||||||||| |Mr Barry Kicks|||||||||||||||||||||| |Ms Suzanne
Boyd|||||||||||||||||||||| |Dr Elspeth Insch|||||||||||||||||||||| |Mr Ashley Sharif|||||||||||||||||||||| |Mr Lenroy Lee|||||||||||||||||||||| |Risk management|||||||||||||||||||||| |Along
with the Headmaster,
The|Finance,|||Staffing
and|||General|||Purposes|||Committee|||continue||to monitor|||the| |risk plan which
includes
key items such|||as|law||and regulation;|||governance||||and leadership;||||strategic|||function;|| |operational
function;
finance and|the external||||environment.||||||||||||||||| |Under the advice of the Finance,|Staffing|||and||General|Purposes||||Committee,|||the Council|||have||reviewed||the| |key risks to the School which currently||include||||but are not exclusive to:|||||||||||||||| |Legal compliance
with key legislation,|||||||||||||||||||||| |Safeguarding,|||||||||||||||||||||| |Changing
demographic
of pupils|—including||||specialist||work with|||SEND pupils,|||||||||||| |Health and Safety ofthe School|site,||||||||||||||||||||| |Regulatory
changes
and compliance||with||ISI||(Independent||School Inspectorate)
and||||||||the Charity|||||| |Commission,|||||||||||||||||||||| |Financial
planning
ofthe School's resources|||||including||LAfunding,||||||||||||||| |Business planning
and strategy|for the||School's development||||||and growth,||||||||||||| |Governance
and operational
structure|||relating|||to the Council and|||||staff,||||||||||| |Revised
credit
control
procedures||to|ensure
that debts|||||are||collected|||in a timely|||way|thus||reducing||the| |School's exposure to bad debt,|||||||||||||||||||||| |The need for more space for growing||numbers||||of pupils,|||||||||||||||| |Infrastructure
ofthe School's IT|system.||||||||||||||||||||| |Recently suggested
rent increases||by|the Calthorpe||||Estate (the||||School's Landlords)|||||are|a major|||challenge|| |for the School.|||||||||||||||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---| ||||funds|funds||funds|funds|| |||Notes|2020
E|2020
E||2019
F|2019f|2019
E| |~erne from:||||||||| |Donations
and legacies||3|3,710|2,300|6,010|561|1,553|2,114| |Charitable
activities||4|5,042,190||5,042,190|4,632,836||4,632,836| |Investments||5|397||397|345||345| |Total income|||5,046,297|2,300|5,048,597|4,633,742|1,553|4,635,295| |Ex enditur||||||||| |Charitable
activities||6|4,891,235||4,891,235|4,452,553||4,452,553| |Other|||(8,262)||(8,262)|||| |Total resources||||||||| |expended|||4,882,973||4,882,973|4,452,553||4,452,553| |Net income for the year/||||||||| |Net movement|in funds||163,324|2,300|165,624|181,189|1,553|182,742| |Fund balances at 1||||||||| |September 2019|||1,415,633|19,031|1,434,664|1,234,444|17,478|1,251,922| |Fund balances|at 31|||||||| |August 2020|||1,578,957|21,331|1,600,288|1,415,633|19,031|1,434,664| ## ## ## |||||2020||2019|| |---|---|---|---|---|---|---|---| ||||Notes||||| |Fixed assets|||||||| |Tangible assets|||||760,066||923,448| |Current assets|||||||| |Debtors|||12|203,167||322,250|| |Cash at bank and|in|hand||1,083,074||601,798|| |||||1,286,241||924,048|| |Creditors: amounts||falling due within|||||| |one year|||13|(446,019)||(412,832)|| |Net current assets|||||840,222||511,216| |Total assets less|current liabilities||||1,600,288||1,434,664| |Income funds|||||||| |Restricted
funds|||16||21,331||19,031| |Unrestricted
funds|||||1,578,957||1,415,633| ||||||1,600,288||1,434,664| ## ## |||||||2020||2019|| |---|---|---|---|---|---|---|---|---|---| ||||||Notes|||F|| |Cash flows from operating|||activities||||||| |Cash generated
from||operations|||22||477,740||151,873| |Investing|activities||||||||| |Purchase|oftangible|fixed assets||||(14,514)||(130,334)|| |Proceeds|on disposal|oftangible||fixed|||||| |assets||||||17,652|||| |Interest received||||||398||345|| |Net cash
investing|generated
activities|from/(used||in)|||3,536||(129,989)| |Net cash|used in financing||activities||||||| |Net increase
in cash and cash||||equivalents|||481,276||21,884| |Cash and|cash equivalents||at beginning||of year||601,798||579,914| |Cash and|cash equivalents||at end of||year||1,083,074||601,798| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Donations
and legacies||||| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||funds|funds||| ||2020
E|2020|2020f|2019| |Donations|3,710||3,710|561| |Grants||2,300|2,300|1,553| |For the year ended 31August 2019|561|1,553||2,114| ## |Charitable
activities||| |---|---|---| ||2020|2019| ||E|| |Gross fees|3,592,855|3,582,340| |Teaching support fees|979,759|1,072,542| |Sibling and other discounts|(17,231)|(20,498)| |Sundry|22,787|(1,548)| |COVID-19 income|464,020|| ||5,042,190|4,632,836| ## |Unrestricted|Unrestricted| |---|---| |funds|funds| |2020|2019| |f.|F| |397|345| ## ## ## |Charitable
activities|||||| |---|---|---|---|---|---| ||Direct Costs|Support Governance
Costs
Costs||Total
2020|Total
2019| ||2020|2020|2020||| |Staff costs|3,108,518|441,841||3,550,359|3,482,525| |Depreciation
and impairment
Bursaries|473,726|168,505||168,505
473,726|177,918
314,790| |Scholarships
Departmental
expenses
Rent, rates, heating
and lighting
Catering expenses
Miscellaneous
expenses
Furniture
and equipment
Maintenance|49,062
53,342|161,666
49,127
171,154
105,934
89,725||49,062
53,342
161,666
49,127
171,154
105,934
89,725|63,147
86,832
222,832
56,514
116,491
75,276
65,795| |Kitchen equipment
Bad debts||810
2,587||810
2,587|511
(227,609)| |Bank charges and interest
Auditor's
remuneration||4,838|10,400|4,838
10,400|4,331
13,200| ||3,684,648|1,196,187|10,400|4,891,235|4,452,553| ||3,684,648|1,196,187|10,400|4,891,235|4,452,553| ## |Fees payable to the charitable|company's|auditor and associates:|2020|2019| |---|---|---|---|---| ||||F|F.| |Audit ofthe charitable
company's|annual
accounts||9,600|9,600| |In respect of associated
pension schemes
Audit-related
assurance
services|||800|3,600| ## ## ## ## |The average
|monthly
number ofemployees
during|the year was:|| |---|---|---|---| |||2020|2019| |||Number|Number| |Teaching staff
Support staff
Nursery
Maintenance|staff|61
29
10
7|58
41
10
8| |Administration|staff|13|10| |Total||120|127| |Employment|costs|2020f|2019f| |Wages and salaries
Social security costs
Other pension costs||2,869,137
255,664
425,558|2,898,041
255,478
329,006| |||3,550,359|3,482,525| |The wages|and salaries bala|nce inc|ludes ag|ency staff cos|ts off75,988(2019:|f100,408).|| |---|---|---|---|---|---|---|---| |The number|of employees|whose|annual|remuneration|was f60,000 or||| |more were:|||||||| |||||||2020|2019| |||||||Number|Number| |f80,001 - f90,000||||||1|1| |f90,001 - f100,000|||||||1| |f100,001 -|f110,000||||||| ## ## ## ## |11|Tangible fixed assets||||||| |---|---|---|---|---|---|---|---| ||||Short-term|Expenditure|School|Computer|Total| ||||leasehold|on building|equipment|Equipment|| ||||property|enhancement|||| |||||F|||| ||Cost||||||| ||At 1 September 2019
Additions||824,947|1,626,817
5,114|58,557
9,400|480,548|2,990,869
14,514| ||Disposals||(1,140)|||(16,512)|(17,652)| ||At 31August 2020||823,807|1,631,931|67,957|464,036|2,987,731| ||Depreciation
and impairment
At 1 September 2019
Depreciation
charged
in the year
Eliminated
in respect ofdisposals||581,798
17,280|1,048,863
108,333|22,693
11,644|414,068
31,248
(8,262)|2 067422
168,505
(8,262)| ||At 31August 2020||599,078|1,157,196|34,337|437,054|2,227,665| ||Carrying
amount
At 31August 2020||224,729|474,735|33,620|26,982|760,066| ||At 31August 2019||243,149|577,954|35,864|66,481|923,448| |12|Debtors||||||| |||||||2020|2019| ||Amounts
falling due|within one year:|||||f| ||Trade debtors|||||62,490|257,754| ||Prepayments
and accrued income|||||140,677|64,496| |||||||203,167|322,250| |13|Creditors: amounts|falling due within|one year|||2020|2019| ||Other taxation and social security
Trade creditors|||||63,644
143,201|59,113
68,784| ||Other creditors|||||160,916|150,140| ||Accruals and deferred|income||||78,258|134,795| |||||||446,019|412,832| ## ## ## |14|Deferred|Income|||| |---|---|---|---|---|---| |||||2020|2019| ||||||E| ||Deferred|income at 1 September 2019||97,855|61,511| ||Resources deferred||during the year|41,318|97,855| ||Amounts|released|from previous years|(97,855)|(61,551)| ||Deferred|income at 31 August 2020||41,318|97,855| ## ## ## ||||O!E
O|||(LL
0
(l
0
(LL
g)
((L|O
(L(
O
(L(
w
Vl
OL|(Ll|W
(0
LA
CD|LA
W
CO
~|(0
O
~|CO
CL(|ol
LA
OCL|ol
LA
OCL|CL(||||~ O
((L (LL
(LL O
Cl N
Vl
((L (D|~ O
((L (LL
(LL O
Cl N
Vl
((L (D|||LA
CD
Co
LA| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||0.||||||||||||||||||||| ||||L0||||||||||||||||||||| ||||Vl|||||(Ll|I|I|I|I||I|||||||||| ||||C||N||||||||||||||||||| ||||||C||||||||||||||||||| ||||(ll||||||||||||||||||||| ||||Vl
C
m
Ul
C||I
E
I
0|(D
f
o|g
P-
00||I|I|I|||O
co
CL(|CD
C&
CL(||||(LL 7D
(l '0
I
opI||||(0
p
CL(
co
Co| |||||||||||||||||||C|||||| ||||C0
mC0'0
0|||(LL
(LL
(LL&|Jl~
~0.
rn|||LA
(0|(0
o|CO
N||CD
(0||||C
0|(D
0
oo|(
VL0
Ol|||CD
(0
LA| ||||OC
m
m||(D
C|Vm
Cl
0
g|W
fi0
x0|(LJ|I|I|I|L||I|||||((L
Ll
((L
((L&|4
(LL
E
(LL
wo.
rn|Cll
(0
C4|(LJ|Co
(0
LA| ||||e||C||||||||||||||||||| ||||C
0.
lC4)
C||C
Q
Ol|Cll
0|(IL||I|L|I|I||(Y)
LA
LA|C9
LA
LA||0
0||VL
I
Ll|'0
0
~e|||LA
LA
CL(
LA| ||||0l||0||III||||||||||Vl
m0.|C||(Ll|||| |CI
LID
I-z0
U
tOI-z
ILJ|o
Cb
Ol||0
(()
CD
C
'C0.
E0
O
Vl'0
'0
'C
VlQI|||8 Ecv
((L v
—a
(LL+ (D|||LA
CD|CO|O|CL(|||||'0
m
E
VlQ
m
Vl00
O
CA
(()
0
m
m
E|0K|Cll
0
0E
((L
(L&
Ll
0
(LL
(LL&|VL
(Ll
00
Cl
VL
L
4L
JQ
E
~o.
u)
CO
CI
CV|||N
co(0
CL(| |LLII-|0)||||||||||||||||||||||| |I-|||OC||||||||'0||||||m||||||| |Ol|||||||||||C||||||||||||| ||||m||||||||(1||||||||||||| ||||O|||||||||C|||||||||||| |Oz
z|a
Lua||0||||||0|C
LL
Q
N|Vl
0|O.
Vl||||'I|S||||||| |LLIZI-0I-
CO
UJI-0z|LLI
C
UJ
'Z
0|'U
IL|'0
C
Vl
COVl0||||||LL
m
Vl
Q3|O
0
Vl
Z|mc0
O
8
" CO
Vl$%
0 (IL|||C
Vl
00
CO||C
'Q
ICD|C
0)
m
Q
Vl
(()
I—||||||'0
C
LL
m
dl
(3| ## ## |18|Analysis of|net assets|between funds|||||| |---|---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| ||||2020|2020|2020|2019|2019|2019| ||||F|F|F|F|F|| ||Fund balances at 31|||||||| ||August 2020|are||||||| ||represented
by:
Tangible assets||760,066||760,066|923,448||923,448| ||Current assets/
(liabilities)||818,891|21,331|840,222|492,185|19,031|511,216| ||||1,578,957|21,331|1,600,288|1,415,633|19,031|1,434,664| ## ## ## ## ## ## |22|Cash generated|from|from|operations|operations||||||2020|2019| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||E|| ||Surplus
for the year||||||||||165,624|182,742| ||Adjustments
for:|||||||||||| ||Investment
income recognised
in statement||||||offinancial|activities|||(397)|(345)| ||Gain on disposal|oftangible|||fixed assets||||||(8,262)|| ||Depreciation
and|impairment|||oftangible|fixed assets|||||168,505|177,918| ||Movements
in working|||capital:||||||||| ||Decrease/(increase)||in|debtors|||||||119,083|(112,778)| ||Increase/(decrease)||in|creditors|||||||33,187|(95,665)| ||Cash generated|from||operations|||||||477,740|151,872| |23|Analysis ofchanges|||in net|funds|||||||| ||||||||||At|1 September|Cash flows|At 31August| |||||||||||2019||2020| |||||||||||E|E|| ||Cash at bank and|in|hand|||||||601,798|481,276|1,083,074| |||||||||||601,798|481,276|1,083,074|