2021-08-31-accounts

Trustee	s		Sir R Dowling
			Mr B Kicks
			Ms S Boyd
			Dr E Insch
			MrA Sharif
			Mr LLee		(Appointed 9 December
					2020)
Charity	number		1079647
Company		number	03861455
Registered		office	31 Calthorpe	Road
			Edgbaston
			Birmingham
			B151RX
Auditor			Azets Audit	Services
			Thorpe House
			93Headlands
			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
			B2 5DB

		Page
Trustees report		1-5
Statement ofTrustees responsibilities
Independent auditor's	report	7-10
Statement offinancial	activities
Balance sheet		12
Statement ofcash flows		13
Notes to the financial	statements	14-26

					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					funds	funds		funds	funds
					2021	2021	2021	2020	2020	2020
										as restated
				Notes						E
Donations	and	legacies		3	11,112		11,112	3,710	2,300	6,010
Charitable	activities			4	4,628,647		4,628,647	4,862,971		4,862,971
Investments				5	80		80	397		397
Total income					4,639,839		4,639,839	4,867,078	2,300	4,869,378
UR	'
Charitable	activities			6	4,665,841	167	4,666,008	4,891,235		4,891,235
Other								(8,262)		(8,262)
Total resources
expended					4,665,841	167	4,666,008	4,882,973		4,882,973
Net expenditure		for the		year/
Net movement		in	funds		(26,002)	(167)	(26,169)	(15,895)	2,300	(13,595)
Fund balances at			1
September	2020				1,399,738	21,331	1,421,069	1,415,633	19,031	1,434,664
Fund balances		at 31
August 2021					1,373,736	21,164	1,394,900	1,399,738	21,331	1,421,069

				2021	2020
					as restated
			Notes
Fixed assets
Tangible assets				658,206	760,066
Current assets
Debtors			12	76,125	205,674
Cash at bank and	in	hand		1,345,192	1,083,074
Creditors: amounts		falling due within		1,421,317	1,288,748
one year			13	(684,623)	(627,745)
Net current assets				736,694	661,003
Total assets less	current liabilities			1,394,900	1,421,069
Income funds
Restricted funds				21,164	21,331
Unrestricted funds				1,373,736	1,399,738
				1,394,900	1,421,069

			2021		2020
					as restated
		Notes
Cash flows from operating activities Cash generated from operations				317,250	477,740
Investing Purchase	activities oftangible fixed assets		(55,211)		(14,514)
Proceeds	on disposal oftangible fixed				17,652
assets Interest received			79		398
Net cash investing	(used in)/generated from activities			(55,132)	3,536
Net cash	used in financing activities
Net increase in cash and cash equivalents				262,118	481,276
Cash and	cash equivalents at beginning	ofyear		1,083,074	601,798
Cash and	cash equivalents at end of	year		1,345,192	1,083,074

			Unrestricted	Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2020	2020	2020
			E			F
Donations	and	gifts	11,112	3,710		3,710
Grants					2,300	2,300

	2021	2020
Gross fees	3,022,234	3,413,636
Teaching support fees	1,537,448	979,759
Sibling and other discounts	(18,172)	(17,231)
Sundry	49,160	22,787
COVID-19 income	37,977	464,020
	4,628,647	4,862,971

Unrestricted	Unrestricted
funds	funds
2021	2020
	F
80	397

			Direct Costs	SupportGovernance	SupportGovernance	Total	Total
				Costs	Costs	2021	2020
			2021	2021	2021
			f	F
Staff costs			3,174,833	413,458		3,588,291	3,550,359
Depreciation		and impairment		157,072		157,072	168,505
Bursaries			211,809			211,809	473,726
Scholarships			60,613			60,613	49,062
Departmental		expenses	74,277			74,277	53,342
Rent, rates,	heating and lighting			199,971		199,971	161,666
Catering expenses				44,820		44,820	49,127
Miscellaneous		expenses		179,236		179,236	171,154
Furniture and		equipment		66,231		66,231	105,934
Maintenance				72,276		72,276	89,725
Kitchen equipment				810		810	810
Bad debts				(4,267)		(4,267)	2,587
Bank charges		and interest		4,369		4,369	4,838
Auditor's remuneration					10,500	10,500	10,400
			3,521,532	1,133,976	10,500	4,666,008	4,891,235
			3,521,532	1,133,976	10,500	4,666,008	4,891,235
Analysis by	fund
Unrestricted	funds		3,521,365	1,133,976	10,500	4,665,841	4,891,235
Restricted funds			167			167
			3,521,532	1,133,976	10,500	4,666,008	4,891,235
Forthe year		ended 31August 2020
Unrestricted	funds		3,684,648	1,196,187	10,400		4,891,235

Fees	payable to the	charitable	company's auditor and associates:	2021	2020
Audit	ofthe charitable	company's	annual accounts	9,900	9,600

7	Auditor's	remuneration	remuneration			(Continued)
	In respect		ofassociated	pension schemes
	Audit-related		assurance	services	600	800

			2021	2020
			Number	Number
Teaching staff			54	61
Support staff			28	29
Nursery			10	10
Maintenance	staff		7	7
Administration		staff	10	13
Total			109	120
Employment		costs	2021	2020
Wages and salaries			2,833,776	2,869,137
Social security		costs	251,814	255,664
Other pension		costs	502,701	425,558
			3,588,291	3,550,359

The wages and salaries balance includes agency staff costs off156,115(2020:F75,988).	The wages and salaries balance includes agency staff costs off156,115(2020:F75,988).	The wages and salaries balance includes agency staff costs off156,115(2020:F75,988).	The wages and salaries balance includes agency staff costs off156,115(2020:F75,988).	The wages and salaries balance includes agency staff costs off156,115(2020:F75,988).
The number of employees	whose	annual	remuneration	was F60,000 or
more were:
				2021	2020
				Number	Number
f80,001 —F90,000					1
F90,001 - F100,000
E100,001 - f110,000

11	Tangible fix	ed asset	s
				Short-term	Expenditure	School	Computer	Total
				leasehold	on building	equipment	Equipment
				property	enhancement
	Cost
	At 1 September 2020			823,807	1,631,931	67,957	464,036	2,987,731
	Additions				31,629	14,917	8,665	55,211
	At 31August	2021		823,807	1,663,560	82,874	472,701	3,042,942
	Depreciation	and impairment
	At 1 September 2020			599,078	1,157,196	34,337	437,053	2,227,664
	Depreciation	charged	in the year	17,280	108,690	10,763	20,339	157,072
	At 31August	2021		616,358	1,265,886	45,100	457,392	2,384,736
	Carrying amount
	At 31August	2021		207,449	397,674	37,774	15,309	658,206
	At 31August	2020		224,729	474,735	33,620	26,982	760,066
12	Debtors
							2021	2020
	Amounts falling due		within one year:
	Trade debtors						43,800	64,997
	Prepayments	and accrued income					32,325	140,677
							76,125	205,674

Creditors: amounts	falling due within one year
		2021	2020
		F
Other taxation and social security		63,963	63,644
Payments received on account Trade creditors		259,273 80,817	181,727 143,200
Other creditors		178,432	160,916
Accruals and deferred	income	102,138	78,258
		684,623	627,745

		2021	2020
Deferred income at	1 September 2020	41,318	97,855
Resources deferred	during the year	36,723	41,318
Resources deferred	during the year	(41,318)	(97,855)
Deferred income at	31 August 2021	36,723	41,318

18	Analysis of	net assets	between funds
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			2021	2021	2021	2020	2020	2020
			F					F
	Fund balances at 31
	August 2021	are
	represented	by:
	Tangible assets		658,206		658,206	760,066		760,066
	Current assets/
	(liabilities)		715,530	21,164	736,694	639,672	21,331	661,003
			1,373,736	21,164	1,394,900	1,399,738	21,331	1,421,069

	2021	2020
Within one year	16,563	18,093
Between two and five years	29,433	44,467
	45,996	62,560

22	Cash generated	from	operations	operations	operations				2021	2020
										E
	Deficit for the year								(26,169)	(13,595)
	Adjustments for:
	Investment income recognised				in statement	offinancial	activities		(80)	(397)
	Gain on disposal	oftangible		fixed assets						(8,262)
	Depreciation and	impairment			oftangible fixed assets				157,072	168,505
	Movements in working		capital:
	Decrease in debtors								129,549	116,576
	Increase in creditors								56,878	214,913
	Cash generated	from	operations						317,250	477,740
23	Analysis ofchanges		in net	funds
								At 1	Cash flows	At 31August
								September		2021
								2020
	Cash at bank and	in hand						1,083,074	262,118	1,345,192
								1,083,074	262,118	1,345,192

Changes to	t	he balance sheet
				At	31August 2020
				As previously	Adjustment	As restated
				reported
Current assets
Debtors due	within one year			203,166	2,508	205,674
Creditors due		within one year
Payments received on account					(181,727)	(181,727)
Net assets				1,600,288	(179,219)	1,421,069
Capital funds
Income funds
Restricted funds				21,331		21,331
Unrestricted	funds			1,578,957	(179,219)	1,399,738
			Total equity	1,600,288	(179,219)	1,421,069
Changes to the profit and loss			account
				Period ended 31August		2020
				As previously	Adjustment	As restated
				reported
Income from:
Charitable activities				5,042,190	(179,219)	4,862,971
Net movement		in funds		165,624	(179,219)	(13,595)