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|||||||
|---|---|---|---|---|---|
|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<br>Kingdom|||
||||NN15 6BL|||
|Bankers|||Lloyds Bank|||
||||1 Calthorpe|Road||
||||Birmingham|||
||||United<br>Kingdom|||
||||B151QL|||
|Solicitors|||Irwin Mitchell|||
||||31 Temple Street|||
||||Birmingham|||
||||United<br>Kingdom|||
||||B2 5DB|||





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





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||||||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|





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|||||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<br>funds||||1,373,736|1,399,738|
|||||1,394,900|1,421,069|





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





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||||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|



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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2021|2020|
||F|
|80|397|





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||||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<br>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<br>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<br>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|



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





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



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||||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<br>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||||||





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|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<br>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<br>falling due||within one year:||||||
||Trade debtors||||||43,800|64,997|
||Prepayments|and accrued income|||||32,325|140,677|
||||||||76,125|205,674|





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



## 

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





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|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|



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|22|Cash generated|from|operations|operations|operations||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||E|
||Deficit for the year||||||||(26,169)|(13,595)|
||Adjustments<br>for:||||||||||
||Investment<br>income recognised||||in statement|offinancial|activities||(80)|(397)|
||Gain on disposal|oftangible||fixed assets||||||(8,262)|
||Depreciation<br>and|impairment|||oftangible fixed assets||||157,072|168,505|
||Movements<br>in working||capital:||||||||
||Decrease<br>in debtors||||||||129,549|116,576|
||Increase<br>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|





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|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<br>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<br>activities||||5,042,190|(179,219)|4,862,971|
|Net movement||in funds||165,624|(179,219)|(13,595)|



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