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2020-08-31-accounts

Registered Office Office
18The Downs
London
SW20 8HR
Auditors
Jacob Cavenagh &Skeet
5 Robin Hood Lane
Sutton
Surrey
SM1 2SW
Bankers
HSBC
69 Pall Mall
London
SW1Y SEY
Wedlake
Bell
52 Bedford Row
London
WC1R 4LR

2019 20 SENIOR SCHOOL OFFERS 2019 20 SENIOR SCHOOL OFFERS
Croydon
High School
Danes
Hill School
Emanuel
School
Epsom College
Holy Cross High School
Kingston
Grammar		 School
Nonsuch
High School
Notre Dame
Putney
High School
Reigate Grammar
Ricards Lodge High School
StJohn's Leatherhead
Streatham
and Clapham		 High School
Surbiton
High School		 12including:
Principal's Scholarship Award
Academic Scholarship
Art Scholarship
Sutton
High School		 13
Tiffin Girls School
Ursuline
High School		 12
Walton
High school,		 Milton Keynes
Wimbledon
High School

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URSULINE PREPARATORY SCHOOL WIMBLEDON TRUST URSULINE PREPARATORY SCHOOL WIMBLEDON TRUST URSULINE PREPARATORY SCHOOL WIMBLEDON TRUST URSULINE PREPARATORY SCHOOL WIMBLEDON TRUST
BALANCE SHEET AT 31 AUGUST 2020 Compan
Re istration		 Number: 03914222
Notes 2020 2019
Fixed assets
Tangible fixed assets 5,313,515 5,397,381
Current assets
Debtors 9 86,910 56,291
Cash at bank and in hand 10 725 961 888368
812,871 944,659
Creditors: amounts falling due within one year 520 DD2)
627 608)
Net current assets 292 869 317051
Total assets less current liabilities 5,606,384 5,714,432
Creditors: amounts falling due
after more than one year 12 (2491972) (2 572 785)
Net assets 3 114412 3141647
Funds 13
Unrestricted
Capital reserve fund 2,892,704 2,976,982
General
fund		 215,085 158,042
Special Gifts fund 6 123 6 123
3,113,912 3,141,147
Restricted
Ursuline
Links		 500 500
3 114412 3141647
2020 2019
f f
Net cash provided by operating activities (see below) ( 14,967) 147,471
Cash flows from investing activities
Payments
made
in		 respect offixed asset additions ( 95,013) ( 78,890)
Proceeds realised on fixed asset disposals 8 34D
Net cash (used in) investing activities ( 95 D13) ( 70550)
Cash flows from financing activities
Interest
paid		 ( 52,839) ( 62,342)
Loan (repayments) (134,920) (122,727)
Loan advances 135332
Net cash (used in) financing
activities		 ( 52 427) (185069)
Net cash (outflow) (162,407) (108,148)
Cash and cash equivalents at 1September 2019 888368 996516
Cash and cash equivalents at 31August 2020 725 961 888 368
Note: Cash flows from operating activities
Net (expenditure) ( 27,235) ( 175,672)
Depreciation 178,879 164,723
(Gain)/loss
on disposal offixed		 assets (
8,340)
Loan interest payable
included		 in financing activities 52,839 62,342
(Increase)/decrease in debtors ( 30,619) 81,874
(Decrease)/Increase in creditors (188831) 22 544
Net cash provided by operating activities (~24 967 147471
Analysis ofchanges
in net		 debt At 1September Cash Other non- At 31August
2019 flows cash changes 2020
f f f f
Cash at bank 888,368 (162,407) 725,961
Bank and other loans repayable within one year ( 129,411) 129,411 (143,436) ( 143,436)
Bank and other loans repayable after more than one year (2 290 988) (~129823 143436 (2 277 375)
Total net debt (1532D31) (162819) (1 694 850)

Freehold
buildings		 —50years
Security system —10years
Equipment
and computer		 system —3to 5years
School equipment —3to 10years

NOTES TO THE F NOTES TO THE F INANCIAL STATEMENTS F INANCIAL STATEMENTS F INANCIAL STATEMENTS F OR THE YEAR ENDED 31 A UGUST 2020 (continued)
3. OTHER TRADING ACTIVITIES
Unrestricted Restricted Total Total
Funds Funds 2020 2019
f f f f
Income from sundry activities 34,666 34,666 65,542
Expenditure
on sundry		 activities (13400) (13400) (48517)
Net income 21266 21266 17025
4. INCOME FROM OTHER SOURCES
Unrestricted Restricted Total Total
Funds Funds 2020 2019
f f f f
Hire of hall 2,025 2,025 23,518
Bank interest from UK accounts 1 1 4
2 026 2 026 23522
S. TOTAL EXPENDITURE
2020 2019
Staff Other Depreciation Total Total
costs costs &Impairment
f f f
Charitable
activities
Teaching costs 1,598,915 190,044 32,745 1,821,704 1,837,260
Premises 141,872 118,077 259,949 371,142
Support costs 377 37D 133 855 28 D57 539282 550 764
1,976,285 465,771 178,879 2,620,935 2,759,166
Raising funds
Fundraising
trading		 costs (note 3) 13,400 13,400 48,517
Marketing
and publicity		 14,932 14,932 19,038
Bank and loan interest 52,839 52,839 62,342
Bad debt (recovery)/expenditure 388 388 t 2915)
Total expenditure 1 976285 547 330 178879 2702 494 2886148
Included
in other support costs are the following:		 2020 2019
f f
Stationery 10,897 16,165
Computer costs 40,240 46,230
Telephone
and postage		 5,376 8,137
Legal and other professional fees 22,845 10,968
Governance
costs: audit		 5,410 5,495
Accountancy 10,499 10,889
Sundry expenses 35,470 56,984
Insurance 1,244 1,762
Travel and subsistence 1874 11435
Total other support costs 133855 168D65
7. STAFF COSTS AND RELATED PA RTY TRANSACTIONS
2020 2019
E E
Wages and salaries 1,574,556 1,542,683
Social security costs 139,424 149,684
Pension contributions 262 305 191700
1 976 285 1884067
The average number of employees (based on headcount) in the year was:
Teaching 41 41
Support staff 19 17
60 58
The total remuneration of Key Management of Key Management of Key Management of Key Management Personnel Personnel Personnel during the year during the year amounted amounted to f429,443 (2019:f436,549).Trustees' to f429,443 (2019:f436,549).Trustees' to f429,443 (2019:f436,549).Trustees' to f429,443 (2019:f436,549).Trustees'
liability insurance
premiums		 ofE1,244 (2019:E1,762) were borne by the School.
One employee
received		 emoluments of between f60,000 and f70,000 in the year and one between f80,000 and E90,000
(2019:one between f80,000 and f90,000). None ofthe directors or Governors
received		 any remuneration
for		 services as a
Trustee ofthe charity or as a director ofthe company and none ofthe directors received
any reimbursement		 for expenses
incurred
in relation to		 the charity during the current or previous year. No Governors received
a reimbursement		 ofexpenses
(2019:f35) in relation to travel costs. Payments ofE954(2019:f240) were made to third parties
in respect oftraining courses
for three
Governors.		 A close family member of the Key Management Personnel received f800 (2019:f475) for video
production
services.
Sr K Colmer (OSU) is also a trustee of Ursuline Links, transactions
with which are shown
in Note 13,		 and The Charity ofthe
Roman
Union ofthe Order of		 St Ursula, whose involvement is set out in Note 16.
Termination
payments		 of f16,983 were recognised during
the year when		 agreement was reached (2019:ENil) and are
included
in staff costs		 above.
8. TANGIBLE FIXED ASSETS
Freehold Equipment
land & Security &computer School
buildings
E		 system
f		 System
Equipment
E
E		 Total
E
Cost
At 1September 2019 5,967,698 89,246 261,809 177,183 6,495,936
Additions 93,909 (190) 1,294 95,013
Disposals
At 31August 2020 6061 6D7 89246 261619 178477 6 59D 949
Depreciation
and impairment
At 1September 2019 772,896 74,706 151,255 99,698 1,098,555
Charge for the year 101,300 3,015 41,819 32,745 178,879
Released on disposal
At 31August 2020 874 196 77 721 193D74 132443 1277 434
Net BookValue
At 31August 2020 5 187411 11525 68 545 46 D34 5 313515
At 31August 2019 5 194802 14540 110554 77485 5 397381
9. DEBTORS
2020 2019
E f
School fees 22,920 10,158
Accrued Income 36,092
Prepayments 27 898 46 133
2020 2019
E f
22,920 10,158
36,092
27 898 46 133
86910 56291
10. CASH AT BANK AND IN BANK AND IN HAND HAND
2020 2019
f f
Deposit accounts 724,761 887,168
Current accounts 1,000 1,000
Petty cash 200 200
725 961 888368
11.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
f f
Trade creditors 50,526 58,659
Fees received in advance 261,843 308,384
Loan Repayments to the Roman Union ofthe Order ofSt Ursula 9,336
Loan repayments due to HSBC Bank pic 134,100 129,411
Other taxes and social security 36,177 37,883
Staff pensions 27722 2,780
Accruals 25 298 9D 491
520 D02 627 608
12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
f f
Deposits 214597 281797
Loan repayments due to Roman Union ofthe Order ofSt Ursula
In 1-2years 28,008
In 2-5 years 97,988
After 5years
125 996
Loan repayments due to HSBC Bank pic
In 1-2years 136,299 132,809
In 2-5 years 429,556 418,556
After 5years 1585 524 1739623
2 151379 2 290988
2 491972 2 572785
13. FUNDS
Result
Balance from Balance
B/F SOFA Transfers C/F
2020 f f f f
Unrestricted
Capital reserve 2,976,982 ( 84,278) 2,892,704
General 158,042 ( 59,954) 116,997 215,085
Special Gifts 6 123 6123
3,141,147 ( 59,954) 32,719 3,113,912
Restricted
Parents'
Association		 32,719 (32,719)
Ursuline
Links		 500 500
3 141647 ( 27 235) 3 114412
2019
Unrestricted
Capital reserve 2,940,088 36,894 2,976,982
General 370,608 (213,672) 1,106 158,042
Special Gifts 6 123 6123
3,316,819 (213,672) 38,000 3,141,147
Restricted
Parents' Association 38,000 (38,000)
Ursuline
Links		 500 500
3 317316 ( 175672) 3 141 647
The School funds are held
in designated		 funds. The separate designations are intended to distinguish between the different
sources ofthe funds and their application as follows:
a) Capital reserve: this fund is designated to ensure that the value oftangible fixed assets isseparated from the liquid general
funds. The amounts owed under the loans due to HSBC Bank Pic are offset against the net book value of freehold land and
buildings
before		 this and the value ofsignificant equipment is designated as the total to be retained in the fund.
b) Special gifts: this fund receives gifts from the Ursuline Order, parents and staff and disburses
those gifts		 when relevant
expenditure is incurred.
c) Parents' Association: this fund represents
donations		 from the Parents' Association, which were spent on capital items,
therefore
a		 transfer to unrestricted funds has been made.
d)
Ursuline		 Links: this fund was set up for monies to be given to Ursuline
Links, a registered
charity		 which is a volunteer
programme run by the Ursuline Sisters. It aims to give students
and adults
opportunities
to be of		 service in the UK and
abroad.

17.LEASE CO MMITMENTS
2020 2019
E
Within one year 17,594 20,343
Within two to five years 26 492 44 135
44 086 64478
The operating lease charges for the year were:
Hire of equipment 28 214 19190