| CONTENTS | PAGE |
|---|---|
| Annual Report ofthe Governors —Review ofthe Year |
2-8 |
| Annual Report ofthe Governors |
9-16 |
| Independent Auditor's Report |
17-19 |
| Consolidated Statement ofFinancial Activities |
20-21 |
| Balance Sheets | 22 |
| Consolidated Statement ofCashflows |
23 |
| Notes tothe Financial Statements | 24-57 |
| Governors, Officers and Advisers | 58-59 |
| Carbon Energy Report | Carbon Energy Report | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| The Chadty is reporting under the requirements of the |
Companies | (Directors' | Report) and |
Limited Liability |
|||||
| partnerships (Energy and Carbon Reporting) |
Regulations | 2018. | The | Charity | has | followed the |
Environmental | ||
| Reporting guidelines: including streamlined energy and carbon reporting guidance March 2019and used the GHG |
|||||||||
| Reporting Protocol —Corporate Standard for quantifying |
and | reporting | energy | use. The UK Government |
|||||
| Conversion Factors for Company Reporting have been used |
in the | calculation. | |||||||
| UK GREENHOUSE GAS EMISSIONS AND ENERGY USE DATA | 2020/21 | 2019/20 | |||||||
| Energy consumption (kWh) used to calculate |
emissions | (kWh) | |||||||
| ~ Gas |
7,509,799 | 7,758,312 | |||||||
| ~ Electricity |
2,302,892 | 1,883,678 | |||||||
| ~ Transport fuel |
34,612 | 260,146 | |||||||
| Total energy consumption (kWh) |
9,847,303 | 9,902,136 | |||||||
| Emisslons in metric tonnes CO2e |
|||||||||
| ~ Gas consumption |
1,393.64 | 1,434.07 | |||||||
| ~ Owned transport- minibuses, car and vans |
6.74 | 43.54 | |||||||
| Emlssions in metric tonnes CO2e |
|||||||||
| ~ Purchased electricity |
488.97 | 439.16 | |||||||
| Emissions in metric tonnes CO2e |
|||||||||
| ~ Business travel in employee owned vehicles |
1.56 | 35.70 | |||||||
| Total gross emissions in metric tonnes CO2e |
1,891.91 | 1,952.47 | |||||||
| Intensity ratio Tonnes CO2e per pupil —total | number of | pupils | 614(2020: | 3.0813 | 2.9809 | ||||
| 655) |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowed | Total | Total | ||||
| Funds | Funds | Funds | Funds | Funds | ||||
| Notes | E'000 | E'000 | E'000 | E'000 | E'000 | |||
| Income from: | ||||||||
| Charitable Activities: |
||||||||
| Schoolfees | 4 | 21,017 | 21,017 | 21,920 | ||||
| Donations: | ||||||||
| Transfer ofassets in respect of | ||||||||
| Sherborne Preparatory |
School | 15 | 5,180 | 5 | 5,185 | |||
| Other donations, legacies and grants |
5 | 1,200 | 530 | 1,730 | 1,988 | |||
| Other trading activities: | ||||||||
| Commercia! trading operations | 428 | 428 | 1,083 | |||||
| Investments | 168 | 217 | 385 | 485 | ||||
| Other: | ||||||||
| Other income | 146 | 146 | 113 | |||||
| Total income | 28,139 | 752 | 28,891 | 25,589 | ||||
| Expenditure on: |
||||||||
| Raising funds: | ||||||||
| Commercial trading operations |
6 | 585 | 585 | 905 | ||||
| Net share of loss in joint | venture | 30 | 3 | 3 | 9 | |||
| Fun dra ising costs | 75 | 75 | 119 | |||||
| Investment management |
fees | 28 | 28 | 28 | ||||
| Total expenditure on raising funds |
12 | 588 | 103 | 691 | 1,061 | |||
| Charitable activities: |
||||||||
| Educational activities |
23,513 | 226 | 23,739 | 23,720 | ||||
| Expenditure on charitable activities |
12 | 23,513 | 226 | 23,739 | 23,720 | |||
| Total expenditure | 24,101 | 329 | 24,430 | 24,781 | ||||
| Net income and net | ||||||||
| movement in funds before gains and |
||||||||
| losses on investments | 4,038 | 423 | 4,461 | 808 | ||||
| Net gains/(losses) on investments |
(67) | 846 | 779 | (514) | ||||
| Net income/(expenditure) | before | |||||||
| taxation | 4,038 | 356 | 846 | 5,240 | 294 | |||
| Tax on profit/(loss) on ordinary |
activities | 13 | 3 | (5) | ||||
| Net income/(expenditure) | after taxation | 4,041 | 356 | 846 | 5,243 | 289 | ||
| Transfers between funds |
23b | 1,903 | (1,903) | |||||
| Net income/(expenditure) | before | |||||||
| other recognised gains |
and losses | |||||||
| carried forward | 5,944 | (1,547) | 846 | 5,243 | 289 |
| for the year ended 30J | une 2 | 021 | ||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Unrestricted | Restricted | Endowed | Total | Total | ||||
| Funds | Funds | Funds | Funds | Funds | ||||
| Notes | f'000 | E'000 | f'000 | f'000 | f'000 | |||
| Net income/(expenditure) | before | |||||||
| other recognised gains and |
||||||||
| losses brought forward |
5,944 | (1,547) | 846 | 5,243 | 289 | |||
| Remeasurement ofdefined |
||||||||
| benefit pension scheme | 28 | 533 | 533 | (447) | ||||
| Net movements in funds |
6,477 | (1,547) | 846 | 5,776 | (158) | |||
| Reconciliation offunds |
||||||||
| Total Funds brought forward |
30,499 | 2,328 | 6,958 | 39,785 | 39,943 | |||
| Total funds carried forward | 23 | 36,976 | 781 | 7p804 | 45y561 | 39p785 |
| Group | School | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||||
| E'000 | f'000 | E'000 | E'000 | ||||
| Notes | |||||||
| Fixed assets | |||||||
| Tangible assets | 14/15 | 42,466 | 37,379 | 42,461 | 37,372 | ||
| Investment assets |
16 | 8,835 | 7,944 | 8,182 | 7,208 | ||
| Total fixed assets | 51,301 | 45,323 | 50,643 | 44,580 | |||
| Current assets | |||||||
| Stocks | 352 | 453 | 138 | 117 | |||
| Debtors | 17 | 3,452 | 3,389 | 4,085 | 3,740 | ||
| Cash | 3,218 | 3,695 | 2,899 | 2,228 | |||
| Total current assets | 7,022 | 7,537 | 7,122 | 6,085 | |||
| Liabilities | |||||||
| Creditors: amounts | falling due | within one year | 18 | (5,308) | (5,149) | (5,222) | (5,027) |
| Net current assets | 1,714 | 2,388 | 1,900 | 1,058 | |||
| Total assets less current liabilities | 53,015 | 47,711 | 52,543 | 45,638 | |||
| Creditors: amounts | falling due | after more | |||||
| than one year | 20 | (6,887) | (6,499) | (6,887) | (6,499) | ||
| Net assets excluding | pension | liability | 46,128 | 41,212 | 45,656 | 39,139 | |
| Defined benefit pension scheme liability | 28 | (567) | (1,427) | (567) | (1,427) | ||
| Total net assets | 45,561 | 39,785 | 45,089 | 37,712 | |||
| The funds ofthe group: | |||||||
| Endowed funds |
23(a) | 7,804 | 6,958 | 7,804 | 6,958 | ||
| Restricted funds |
23(b) | 781 | 2,328 | 62 | 57 | ||
| Unrestricted funds: |
23(c) | ||||||
| Accumulation fund |
37,543 | 31,926 | 37,790 | 32,124 | |||
| Pension reserve | (567) | (1,427) | (567) | (1,427) | |||
| 36,976 | 30,499 | 37,223 | 30,697 | ||||
| Total funds | 23 | 45,561 | 39,785 | 45,089 | 37,712 |
| 2021 | 2021 | 2020 | 2020 | |||
|---|---|---|---|---|---|---|
| Notes | 6'000 | 6'000 | 6'000 | 6'000 | ||
| Net cash generated from/(used |
by) | |||||
| operating activities |
26 | 5,153 | (2,864) | |||
| Cash flows from investing actlvltlesr |
||||||
| Investment income |
385 | 485 | ||||
| Proceeds from sale of property, | plant | and equipment | 8 | 7 | ||
| Proceeds from sale ofinvestments | 4,240 | 2,634 | ||||
| Purchase ofproperty, plant and |
equipment | (6,783) | (1,362) | |||
| Purchase ofinvestments | (744) | (1,900) | ||||
| Purchase ofendowed fund investments |
(3,594) | (958) | ||||
| Net cash used in investing activities |
(6,488) | (1,094) | ||||
| Cash flows from financing activities: |
||||||
| Cash inflows from borrowing | 500 | 2,500 | ||||
| Cash inflows from new advance | fee contracts | 402 | 1,159 | |||
| Cash repayments ofadvance fee contracts |
(44) | (22) | ||||
| Net cash provided by financing |
activities | 858 | 3,637 | |||
| Change in cash and cash equivalents |
in the | |||||
| reporting period |
(477) | (321) | ||||
| Cash and cash equivalents at the beginning |
||||||
| ofthe year | 3,695 | 4,016 | ||||
| Total cash and cash equivalents | at the end | |||||
| ofthe year | 3,218 | 3,695 | ||||
| Cash and bank balances | 3,218 | 3,695 | ||||
| 3,218 | 3,695 |
| 4. | School fee | s | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| (a) | Schoo/Fees | 2021 6'000 |
2020 6'000 |
||||||||
| School | - | Boarders | 20,109 | 18,102 | |||||||
| - | Day boys | 1,142 | 948 | ||||||||
| Preparatory | School | - | Prep | 931 | |||||||
| -Pre-Prep | 107 | ||||||||||
| Total School fees | 22,289 | 19,050 | |||||||||
| Sherborne | International | - | Fees | 1,889 | 5,137 | ||||||
| Other | - | Registration | fees | 71 | 77 | ||||||
| Tota Ifees | 24,249 | 24,264 | |||||||||
| Less:Total | scholarships, | bursaries, | grants | and discounts | (2,852) | (2,595) | |||||
| 21,397 | 21,669 | ||||||||||
| Add back: | Scholarships | and discounts | paid for by restricted | funds | (585) | 58 | |||||
| 20,812 | 21,727 | ||||||||||
| Music fees | received | 205 | 193 | ||||||||
| School fees | per Consolidated | Statement | of Financial Activities | 21,017 | 21,920 | ||||||
| (b) | Awards, prizes, and discounts |
paid | for | by | Restricted Funds | comprised: | 2021 6'000 |
2020 6'000 |
|||
| Scholarships | (608) | 29 | |||||||||
| Advance fees discount | 23 | 29 | |||||||||
| (585) | 58 | ||||||||||
| 5. | Donations, | legacies and grants | |||||||||
| 2021 | 2020 | ||||||||||
| 6'000 | 6'000 | ||||||||||
| Committed | giving | 67 | 59 | ||||||||
| Donations | 296 | 489 | |||||||||
| Legacies | 196 | 321 | |||||||||
| Grants | 1,171 | 1,119 | |||||||||
| 1,730 | 1,988 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Income | Expenditure | Income | Expenditure | |||||
| E'000 | E'000 | E'000 | E'000 | |||||
| Sherborne | School | (Trading) | Limited | 218 | 289 | 556 | 495 | |
| Sherborne | School | (Leisure) | Limited | (21) | 278 | 314 | 399 | |
| Sherborne | School | (Overseas | Trading) | Limited | 231 | 18 | 213 | 11 |
| 428 | 585 | 1,083 | 905 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| E'000 | E'000 | |||||
| Turnover | 403 | 813 | ||||
| Cost ofsales | (457) | (726) | ||||
| Gross (loss)/profit | (54) | 87 | ||||
| Administration | (24) | (36) | ||||
| Operating (loss)/profit |
(78) | 51 | ||||
| Other operating | income | 39 | 44 | |||
| (Loss)/profit on |
ordinary | activities before taxation | (39) | 95 | ||
| Tax on (loss)/profit | on ordinary | activities | 5 | (5) | ||
| (Loss)/profit on |
ordinary | activities after taxation | (34) | 90 | ||
| Gift Aid distribution | 75 | |||||
| Gross Assets | 235 | 370 | ||||
| Gross Liabilities | (254) | (355) | ||||
| Shareholder's Funds/(Deficit) |
(19) | 15 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E'000 | f'000 | |||
| Turnover | 231 | 213 | ||
| Administration | (18) | (13) | ||
| Profit on ordinary | activities | 213 | 200 | |
| Gift Aid distribution | 218 | |||
| Gross Assets | 233 | 68 | ||
| Gross LIabilities | (218) | (46) | ||
| Shareholder's | Funds | 15 | 22 |
| with the School. Its results for the year, as extracte summarised below: |
d from the audited financial statem |
ents, are |
|---|---|---|
| 2021 | 2020 | |
| E'000 | E'000 | |
| Income from: | ||
| Donations, legacies and grants Investments |
692 | 1,094 5 |
| Totalincome | 692 | 1,099 |
| Expenditure on: |
||
| Raising funds | (75) | (120) |
| Charitable activities |
(2,168) | (311) |
| Total expenditure | (2,243) | (431) |
| Net Income/(Expenditure) | (1,551) | 668 |
| Gross Assets | 726 | 2,278 |
| Gross Liabilities | (8) | (8) |
| Total Charity Funds | 718 | 2,270 |
| 2021 | 2020 | ||
|---|---|---|---|
| E'000 | E'000 | ||
| Dividends receivable |
216 | 309 | |
| Qatar royalty | 166 | 166 | |
| Bank interest receivable | 3 | 10 | |
| 385 | 485 | ||
| Other income | |||
| 2021 | 2020 | ||
| E'000 | E'000 | ||
| Other ancillary | trading income | ||
| Houses income | 40 | 33 | |
| Junior common | room income | 10 | |
| School events income | 32 | 39 | |
| Sundry income | 74 | 31 | |
| 146 | 113 |
| Thisisstatedafter charging/(crediting): | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E'000 | E'000 | |||
| Auditor's remuneration:- Fees payable for the audit ofthe parent Fee payable for the audit ofsubsidiaries |
charity and the consolidation pursuant to legislation |
29 16 |
27 16 |
|
| Fees payable to the group's auditors and Corporation tax services Depreciation (Profit)/loss on disposal of fixed assets Operating lease costs - equipment Stock recognised as an expense Interest on advance fee scheme Loan interest |
its associates | in respect of | 4 1,696 (4) 13 242 23 73 |
3 1,655 (7) 20 185 29 48 |
| Analysis ofstaff costs | , trustee remuneration, | and the cost of key m | anagement personnel |
|
|---|---|---|---|---|
| 2021 | 2020 | |||
| E'000 | E'000 | |||
| Wages and salaries Social security costs Pension contribution |
—defined contribution | scheme | 13,336 1,181 1,896 |
12,922 1,230 1,826 |
| 16,413 | 15,978 | |||
| The number ofhigher | paid employees was: | 2021 | 2020 | |
| No. | No. | |||
| E60,000 - E70,000 E70,000 - E80,000 E80,000 - E90,000 E90,000 - E100,000 E110,000 - E120,000 E140,000 -E150,000 E260,000 - E270,000 |
13 5 4 1 |
14 9 2 1 1 1 1 |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| No. | No. | |||||||||
| Educationalstaff | 191 | 192 | ||||||||
| Support staff | 318 | 366 | ||||||||
| 509 | 558 | |||||||||
| 12. | Analysis ofexpenditure | |||||||||
| 2021 | 2020 | |||||||||
| Year ended | 30June 2021 | Staff costs f'000 |
Other costs f'000 |
Depreciation f'000 |
Total f'000 |
Total f'000 |
||||
| Cost ofraising funds: | ||||||||||
| Commercial | trading operations: | |||||||||
| Sherborne | School | (Trading) | Limited | 114 | 173 | 289 | 495 | |||
| Sherborne | School | (l.eisure) | Limited | 201 | 76 | 278 | 399 | |||
| Sherborne | School | (Overseas | Trading) | |||||||
| Limited | 18 | 18 | ||||||||
| Net share ofloss in joint venture | ||||||||||
| Fundraising | costs | 68 | 75 | 119 | ||||||
| investment | management | fees | 28 | 28 | 28 | |||||
| 383 | 305 | 3 | 691 | 1,061 | ||||||
| Charitable | activities: | |||||||||
| Educational | activities | |||||||||
| Teaching | 11,068 | 513 | 11,581 | 11,374 | ||||||
| Welfare | 2,725 | 1,489 | 4,214 | 3,583 | ||||||
| Premises | 801 | 1,645 | 1,693 | 4,139 | 4,159 | |||||
| Support costs ofschooling | 1,381 | 1I321 | 2,702 | 2,810 | ||||||
| Education | and grant making | 109 | 109 | 179 | ||||||
| Operational costs |
—Foundation | 55 | 45 | 100 | 128 | |||||
| Financing | costs | 422 | 422 | 815 | ||||||
| Governance | 237 | 237 | 140 | |||||||
| Other expenditure | 235 | 235 | 532 | |||||||
| 16,030 | 6,016 | 1,693 | 23,739 | 23,720 | ||||||
| Total expenditure | for Group | 16,413 | 6,321 | 1,696 | 24,430 | 24,781 |
| Analysis of | expenditure ( |
continued) | ||||||
|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||
| Year ended | 30June 2020 | Staff costs | Other costs | Depreciation | Total | Total | ||
| f'000 | f'000 | f'000 | f'000 | f'000 | ||||
| Cost ofraising funds: | ||||||||
| Commercial | trading operations: | |||||||
| Sherborne | School (Trading) Limited | 238 | 254 | 495 | 607 | |||
| Sherborne | School (Leisure) Limited | 271 | 126 | 399 | 439 | |||
| Sherborne | School (Overseas Trading) | |||||||
| Limited | 11 | 11 | 8 | |||||
| Net share ofloss in joint venture | 9 | 9 | 62 | |||||
| Fundraising | costs | 76 | 43 | 119 | 151 | |||
| Investment | management | fees | 28 | 28 | 22 | |||
| 585 | 471 | 5 | 1,061 | 1,289 | ||||
| Charitable | activities: | |||||||
| Educational | activities | |||||||
| Teaching | 11,075 | 299 | 11,374 | 12,109 | ||||
| Welfare | 2,074 | 1,509 | 3,583 | 4,107 | ||||
| Premises | 791 | 1,719 | 1,649 | 4,159 | 4,913 | |||
| Support costs ofschooling | 1,371 | 1,439 | 2,810 | 2,791 | ||||
| Education | and grant making | 179 | 179 | 135 | ||||
| Operational | costs —Foundation | 82 | 46 | 128 | 106 | |||
| Financing | costs | 815 | 815 | 195 | ||||
| Governance | 140 | 140 | 127 | |||||
| Other expenditure | 532 | 532 | 607 | |||||
| 15,393 | 6,678 | 1,649 | 23,720 | 25,090 | ||||
| Total expenditure for Group |
15,978 | 7,149 | 1,654 | 24,781 | 26,379 | |||
| Taxation | ||||||||
| 2021 | 2020 | |||||||
| f'000 | f'000 | |||||||
| Tax on ordinary activities |
(3) |
| Tangible fixed assets - School | |||
|---|---|---|---|
| Plant, | |||
| Land andfqulpment | and | ||
| Buildings Motor vehicles | Total | ||
| E'000 | E'000 | E'000 | |
| Cost | |||
| At 1July 2020 | 48,488 | 9,106 | 57,594 |
| Additions | 6,069 | 713 | 6,782 |
| Disposals | (1,000) | (1,000) | |
| At 30June 2021 | 54,557 | 8,819 | 63,376 |
| Depreciation | |||
| At 1July 2020 | 13,616 | 6,606 | 20,222 |
| Charge for year | 969 | 724 | 1,693 |
| Disposals | (1,000) | (1,000) | |
| At 30June 2021 | 14,585 | 6,330 | 20,915 |
| Net book value | |||
| At 30June 2021 | 39,972 | 2,489 | 42,461 |
| At 30June 2020 | 34,872 | 2,500 | 37,372 |
| Tangible fixed assets - Group | ||||
|---|---|---|---|---|
| Plant, | AII | |||
| Land andEquipment and |
Weather | |||
| BulldlngsMotor | Vehicles | Pitch | Total | |
| E'000 | E'000 | E'000 | E'000 | |
| Cost | ||||
| At 1July 2020 | 48,488 | 9,262 | 439 | 58,189 |
| Additions | 6,069 | 714 | 6,783 | |
| Disposals | (1,000) | (1,000) | ||
| At 30June 2021 | 54,557 | 8,976 | 439 | 63,972 |
| Depreciation | ||||
| At 1July 2020 | 13,616 | 6,755 | 439 | 20,810 |
| Charge for year | 969 | 727 | 1,696 | |
| Disposals | (1,000) | (1,000) | ||
| At 30June 2021 | 14,585 | 6,482 | 439 | 21,506 |
| Net book value | ||||
| At 30June 2021 | 39,972 | 2,494 | 42,466 | |
| At 30June 2020 | 34,872 | 2,507 | 37,379 |
| Land and | |
|---|---|
| Buildings | |
| 6'000 | |
| Cost | 42,194 |
| Accumulated depreciation |
(10,117) |
| Net book value | |
| At 30June 2021 | 32,077 |
| At 30June 2020 | 26,712 |
| Fair value | ||
|---|---|---|
| 5'000 | ||
| Fixed assets | 5,660 | |
| Current | assets | 144 |
| Current | liabilities | (619) |
| 5,185 |
| Investments | |||||||
|---|---|---|---|---|---|---|---|
| Scholarship | |||||||
| Investment | Foundation | Advance | &Prize | ||||
| Unlisted | Property | Fund | Fee Fund | Fund | Total | ||
| E'000 | E'000 | E'000 | E'000 | E'000 | E'000 | ||
| At 1July 2020 | 1 | 150 | 1,330 | 5,727 | 7,208 | ||
| Additions | 744 | 3,594 | 4,338 | ||||
| Disposals at book | value | (523) | (3,502) | (4,025) | |||
| Unrealised gain/(loss) |
(30) | 677 | 647 | ||||
| Equalisation ofinvestments |
|||||||
| Change in accrued |
income | 14 | 14 | ||||
| Total for Charity | 1 | 150 | 1,535 | 6,496 | 8,182 | ||
| Group transactions | added/ | ||||||
| (eliminated) on consolidation |
(1) | 654 | 653 | ||||
| At 30June 2021 | 150 | 654 | 1g535 | 6~496 | 8~835 | ||
| Investments listed |
on the | ||||||
| Stock Exchange | 654 | 1,535 | 6,496 | 8,835 | |||
| His to rica I cost |
5 | 654 | 1,571 | 5,900 | 8,131 |
| Debtors | ||||||||
|---|---|---|---|---|---|---|---|---|
| Group | School | |||||||
| 2021 | 2020 | 2021 | 2020 | |||||
| E'000 | E'000 | E'000 | E'000 | |||||
| Due within one year: | ||||||||
| Trade debtors | 9 | 66 | 65 | |||||
| Tax recoverable | 3 | 37 | ||||||
| Fees due | 1,092 | 758 | 1,092 | 758 | ||||
| Other debtors | 121 | 399 | 102 | 102 | ||||
| Prepayments | 2,227 | 2,129 | 2,227 | 2,129 | ||||
| Amount due from subsidiary | undertakings | 428 | 465 | |||||
| Amount due from joint venture | undertaking | 27 | 88 | |||||
| Due after more than one year: | ||||||||
| Amount due from joint venture |
undertaking | 200 | 133 | |||||
| 3,452 | 3,389 | 4,085 | 3,740 | |||||
| d Company Number: 4002575 |
40 |
| Creditors: amo | unts falling due within one |
year | |||
|---|---|---|---|---|---|
| Group | School | ||||
| 2021 | 2020 | 2021 | 2020 | ||
| 6'000 | E'000 | 6'000 | 6'000 | ||
| Fees received | in advance | 653 | 1,339 | 653 | 1,339 |
| Trade creditors | 664 | 260 | 651 | 222 | |
| Taxation and social security | 406 | 249 | 384 | 224 | |
| Financeleases | 89 | 69 | 89 | 69 | |
| Other creditors | 180 | 251 | 141 | 198 | |
| Accruals | 2,113 | 1,520 | 2,101 | 1,514 | |
| Pensions | 310 | 277 | 310 | 277 | |
| Deposits held | 210 | 209 | 210 | 209 | |
| 4,625 | 4,174 | 4,539 | 4,052 | ||
| Advance fees (see note 19) | 683 | 975 | 683 | 975 | |
| 5,308 | 5,149 | 5,222 | 5,027 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 6'000 | 6'000 | |||
| After five years | 456 | 357 | ||
| Within two to five | years | 520 | 875 | |
| Within one to two | years | 456 | 641 | |
| 1,432 | 1,873 | |||
| Within one year | 683 | 975 | ||
| 2,115 | 2,848 | |||
| The movement during the year |
on advance fees were as follows: | |||
| 2021 | 2020 | |||
| 6'000 | f.'000 | |||
| At 1July 2020 | 2,848 | 2,811 | ||
| New advance fees received during the year | 402 | 1,159 | ||
| Fees repaid during | the year | (44) | (22) | |
| Amounts accrued |
for interest | 23 | 29 | |
| Amounts utilised |
in payments | offees | (1,114) | (1,129) |
| At 30June 2021 | 2,115 | 2,848 |
| Creditors: | amounts falling due after mo |
re than one year | |||||
|---|---|---|---|---|---|---|---|
| Group | School | ||||||
| 2021 | 2020 | 2021 | 2020 | ||||
| E'000 | E'000 | E'000 | E'000 | ||||
| Advance | fees (note 19) | 1,432 | 1,873 | 1,432 | 1,873 | ||
| Bankloan | 3,000 | 2,500 | 3,000 | 2,500 | |||
| Deposits | 2,259 | 1,905 | 2,259 | 1,905 | |||
| Finance leases | 196 | 221 | 196 | 221 | |||
| 6,887 | 6,499 | 6,887 | 6,499 |
| 2020 | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowed | Total | |||
| Funds | Funds | Funds | Funds | |||
| E'000 | E'000 | E'000 | E'000 | |||
| Income from: | ||||||
| Charitable Activities: |
||||||
| School fees | 21,920 | 21,920 | ||||
| Donations and legacies |
1,132 | 856 | 1,988 | |||
| Other trading activities: | ||||||
| Commercial trading operations |
1,083 | 1,083 | ||||
| Investments | 171 | 314 | 485 | |||
| Other: | ||||||
| Other income | 113 | 113 | ||||
| Total income | 24,419 | 1,170 | 25,589 | |||
| Expenditure on: |
||||||
| Raising funds: | ||||||
| Commercial trading operations |
905 | 905 | ||||
| Net share of loss in joint venture | 9 | 9 | ||||
| Fundraising costs |
119 | 119 | ||||
| Investment management |
fees | 28 | 28 | |||
| Total expenditure on raising funds |
914 | 147 | 1,061 | |||
| Charitable activities: |
||||||
| Educational activities |
23,389 | 331 | 23,720 | |||
| Expenditure on charitable |
activities | 23,389 | 331 | 23,720 | ||
| Total expenditure | 24,303 | 478 | 24,781 | |||
| Net income and net movement | ||||||
| in funds before gains and | ||||||
| losses on investments | 116 | 692 | 808 | |||
| Net gains/(losses) on investments |
(72) | (442) | (514) | |||
| Net income/(expenditure) | before | |||||
| taxation | 116 | 620 | (442) | 294 | ||
| Tax on profit/(loss) on ordinary |
activities | (5) | (5) | |||
| Net income/(expenditure) | after taxation | 111 | 620 | (442) | 289 | |
| Transfers between funds |
938 | (938) | ||||
| Net income/(expenditure) | before other | |||||
| recognised gains end losses carried forward |
1,049 | (318) | (442) | 289 |
| 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowed | Total | ||||||
| Funds | Funds | Funds | Funds | ||||||
| E'000 | E'000 | E'000 | 6'000 | ||||||
| Net | Income/(expenditure) | before | other | ||||||
| recognised gains and losses brought |
forward | 1,049 | (318) | (442) | 289 | ||||
| Remeasurement ofdefined |
|||||||||
| benefit pension scheme | (447) | (447) | |||||||
| Net | movements in funds |
602 | (318) | (442) | (158) | ||||
| Reconciliation offunds | |||||||||
| Total funds brought forward | 29,897 | 2,646 | 7,400 | 39,943 | |||||
| Total funds carried forward | 30,499 | 2,328 | 6,958 | 39,785 | |||||
| 22. | Analysis ofnet assets between | funds | |||||||
| (a) | Analysis ofgroup net | assets | between | funds | |||||
| Net Current | |||||||||
| Fixed | Assets/ | Long Term | Pension | Fund | |||||
| Assets | (Liabilities) | Liabilities | Liability | Balances | |||||
| E'000 | 6'000 | E'000 | E'000 | E'000 | |||||
| Unrestricted | |||||||||
| Pension Reserve Designated Accumulation Fund |
Fund | 42,250 | 748 | (5,455) | (567) | (567) 37,543 |
|||
| Restricted funds | 781 | 781 | |||||||
| Endowed | |||||||||
| Advance Fee Fund Edbrooke Scholarship |
and Bursary | 1,535 255 |
(103) | (1,432) | 255 | ||||
| Scholarship and Prize Scholarship and Prize |
Fund Fund —Eglington |
4,496 | 288 | 4,784 | |||||
| Bursaries Endowed Property |
2,000 765 |
2,000 765 |
|||||||
| Group total at 30June 2021 | 51,301 | 1,714 | (6,887) | (567) | 45,561 |
| a) | Analysis ofgroup net assets | between fu | nds (continued/ | nds (continued/ | |||
|---|---|---|---|---|---|---|---|
| Net Current | |||||||
| Fixed | Assets/ | Long Term | Pension | Fund | |||
| Assets E'000 |
(Liabilities) F.'000 |
Liabilities E'000 |
Liability E'000 |
Balances E'000 |
|||
| Unrestricted Pension Reserve Designated Accumulation Fund |
Fund | 37,246 | (694) | (4,626) | (1427) - |
(1427) 31,926 |
|
| Restricted funds | 2,328 | 2,328 | |||||
| Endowed | |||||||
| Advance Fee Fund Edbrooke Scholarship and Bursary Scholarship and Prize Fund |
1,330 255 3,727 |
543 211 |
(1,873) | 255 3,938 |
|||
| Scholarship and Prize Fund —Eglington Bursaries Endowed Property |
2,000 765 |
2,000 765 |
|||||
| Group total at 30iune 2020 | 45,323 | 2,388 | (6,499) | (1,427) | 39,785 | ||
| (b) | Analysis of School net assets between | funds | |||||
| Net Current | |||||||
| Fixed | Assets/ | Long Term | Pension | Fund | |||
| Assets E'000 |
(Liabilities) E'000 |
Liabilities E'000 |
Liability E'000 |
Balances E'000 |
|||
| Unrestricted Pension Reserve Designated Accumulation Fund |
Fund | 41,592 | 1,653 | (5,455) | (567) | (567) 37,790 |
|
| Restricted funds | 62 | 62 | |||||
| Endowed | |||||||
| Advance Fee Fund Edbrooke Scholarship and Bursary Scholarship and Prize Fund |
1,535 255 4,496 |
(103) 288 |
(1,432) | 255 4,784 |
|||
| Scholarship and Prize Fund Bursaries Endowed Property |
—Eglington | 2,000 765 |
2,000 765 |
||||
| School total at 30 June 2021 | 50,643 | 1,900 | (6,887) | (567) | 45,089 |
| Net Current | ||||||||
|---|---|---|---|---|---|---|---|---|
| Fixed | Assets/ | Long Term | Pension | Fund | ||||
| Assets | (Liabilities) | Uabilities | Liability | Balances | ||||
| E'000 | E'000 | E'000 | E'000 | E'000 | ||||
| Unrestricted | ||||||||
| Pension Reserve Designated | Fund | (1,427) | (1,427) | |||||
| Accumulation | Fund | 36,503 | 247 | (4,626) | - | 32,124 | ||
| Restricted funds | 57 | 57 | ||||||
| Endowed | ||||||||
| Advance Fee Fund | 1,330 | 543 | (1,873) | |||||
| Edbrooke Scholarship | and Bursary | 255 | 255 | |||||
| Scholarship | and Prize | Fund | 3,727 | 211 | 3,938 | |||
| Scholarship | and Prize | Fund —Eglington | ||||||
| Bursaries | 2,000 | 2,000 | ||||||
| Endowed Property |
765 | 765 | ||||||
| School total | at 30June 2020 | 44,580 | 1,058 | (6,499) | (1,427) | 37,712 |
| Analysis o | f | movement | s in permanent |
endowed fun |
ds (Group a | nd School) | ||
|---|---|---|---|---|---|---|---|---|
| Balance at | Transfers and | Balance at | ||||||
| 1July | Investment | 30June | ||||||
| 2020 | Income | Expenditure | Gains | 2021 | ||||
| E'000 | E'000 | E'000 | E'000 | E'000 | ||||
| Endowed | Property | 765 | 765 | |||||
| Edbrooke | fund | 255 | 255 | |||||
| Scholarship | and Prize | Fund | 3,938 | 846 | 4,784 | |||
| Scholarship | and Prize | Fund —Eglington | ||||||
| Bursaries | 2,000 | 2,000 | ||||||
| 6,958 | 846 | 7,804 | ||||||
| Balance at | Transfers and | Balance at | ||||||
| 1July | Investment | 30June | ||||||
| 2019 | Income | Expenditure | Gains | 2020 | ||||
| E'000 | E'000 | f'000 | E'000 | E'000 | ||||
| Endowed | Property | 765 | 765 | |||||
| Edbrooke | fund | 255 | 255 | |||||
| Scholarship | and Prize | Fund | 4,380 | (442) | 3,938 | |||
| Scholarship | and Prize | Fund —Eglington | ||||||
| Bursaries | 2,000 | 2,000 | ||||||
| 7,400 | (442) | 6,958 |
| Analysis ofmov | e | ments in restricted fu |
ments in restricted fu |
nds | ||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Investment | Balance at | ||||||
| 1 | July | Gains | 30June | |||||
| 2020 | Income | Expenditure | Transfers | /(Losses) | 2021 | |||
| f'000 | f'000 | f'000 | E'000 | f'000 | f'000 | |||
| Advance Fee Fund | 91 | (24) | (67) | |||||
| Scholarship and |
Prize | |||||||
| Fund | 126 | (126) | ||||||
| Andrew Yorke Sail Training |
||||||||
| Fund | 47 | 2 | 48 | |||||
| Bursary Fund | 672 | (672) | ||||||
| Cricket Square | ||||||||
| Hardship Fund |
36 | (36) | ||||||
| Grand Piano | ||||||||
| Shell House Fund | ||||||||
| Upper Pavilion | Fund | |||||||
| Sports Centre | 1,350 | (1,350) | ||||||
| SPS Restricted | Fund | 5 | (1) | |||||
| CCF Field Gun | 6 | (6) | ||||||
| Other restricted | funds | 1 | 2 | (2) | ||||
| Charity | 57 | 2,290 | (153) | (2,065) | (67) | 62 | ||
| The Sherborne | School | |||||||
| Foundation | 2,270 | 692 | (2,244) | 718 | ||||
| 2,328 | 2,982 | (2,397) | (2,065) | (67) | 781 | |||
| Eliminated on |
||||||||
| consolidation | (2,230) | 2,068 | 162 | |||||
| Group | 2,328 | 752 | (329) | (1,903) | (67) | 781 |
| Balance at | Balance at | Investment | Balance at | Balance at | |||||
|---|---|---|---|---|---|---|---|---|---|
| 1July | Gains | 30June | |||||||
| 2019 | Income | Expenditure | Transfers | /(Losses) | 2020 | ||||
| E'000 | E'000 | E'000 | E'000 | E'000 | E'000 | ||||
| Advance Fee Fund | 112 | (30) | (8) | P4) | |||||
| Scholarship and |
Prize | ||||||||
| Fund | 197 | (197) | |||||||
| Andrew Yorke Sail Training |
|||||||||
| Fund | 37 | 11 | 47 | ||||||
| Bursary Fund | 77 | (77) | |||||||
| Cricket Square | |||||||||
| Hardship Fund |
2 | (2) | |||||||
| Scholarships | 63 | (63) | |||||||
| IT Fund | 5 | (5) | |||||||
| Grand Piano | 1 | ||||||||
| Shell House Fund | |||||||||
| Upper Pavilion | Fund | ||||||||
| Foundation Fellows |
18 | (18) | |||||||
| Lyon House Fund | 2 | (2) | |||||||
| Westcott House | Fund | 1,000 | (1,000) | ||||||
| Other restricted | funds | 1 | |||||||
| Charity | 1,046 | 489 | (228) | (1,175) | (74) | 57 | |||
| The Sherborne | School | ||||||||
| Foundation | 1,600 | 1,099 | (431) | 2 | 2,270 | ||||
| 2,646 | 1,588 | (659) | (1,175) | (72) | 2,328 | ||||
| Eliminated on |
|||||||||
| consolidation | (418) | 181 | 237 | ||||||
| Group | 2,646 | 1,170 | (478) | (938) | (72) | 2,328 |
| Analysis of | moveme | nts | in unrestricted f |
in unrestricted f |
in unrestricted f |
unds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Income | Expenditure | Tax | Transfers and | Balance at | ||||||||||
| 1July | Investment | 30June | |||||||||||||
| 2020 | Gains/(Losses) | 2021 | |||||||||||||
| f'000 | f.'000 | E'000 | E'000 | f'000 | f'000 | ||||||||||
| Pension reserve— | |||||||||||||||
| designated | fund | (1,427) | 327 | 533 | (567) | ||||||||||
| Accumulation | fund | 31,926 | 28,139 | (24,428) | 3 | 1,903 | 37,543 | ||||||||
| Total | 30,499 | 28,139 | (24,101) | 3 | 2,436 | 36,976 | |||||||||
| The total transfers, | amounting to E1,903k(2020- |
E938k), represent | transfers | ofE1,903k (2020 - E938k) | |||||||||||
| from the accumulation | fund | to restricted | funds, as detailed | in | Note | 23(b). | There is also E221k(2020- | ||||||||
| E191k)which will be distributed to Sherborne School from two ofits |
trading | subsidiaries which has been |
|||||||||||||
| included as |
a Gift Aid | donation in the accounting |
year ended | 30June 2021. | Please refer to | note 6 for | |||||||||
| more information. | |||||||||||||||
| Balance at | Income | Expenditure | Tax | Transfers and | Balance at | ||||||||||
| 1July | Investment | 30June | |||||||||||||
| 2019 | Gains/(Losses) | 2020 | |||||||||||||
| f'000 | f'000 | E'000 | E'000 | f'000 | f'000 | ||||||||||
| Pension reserve- | |||||||||||||||
| designated | fund | (1,370) | 390 | (447) | (1,427) | ||||||||||
| Accumulation | fund | 31,267 | 24,419 | (24,693) | (5) | 938 | 31,926 | ||||||||
| Total | 29,897 | 24,419 | (24,303) | (5) | 491 | 30,499 | |||||||||
| Contracts and commitments | |||||||||||||||
| At 30June 2021the | School | had commitments as follows: |
|||||||||||||
| 2021 | 2020 | ||||||||||||||
| E'000 | f'000 | ||||||||||||||
| Contracted for but | not | provided in these |
financial | statements | 386 | 2,047 | |||||||||
| Authorised | but not | contracted | 22,948 | 19,633 | |||||||||||
| Other commitments | |||||||||||||||
| The total future minimum | lease payments | under non-cancellable | operating | leases are payable | as follows: | ||||||||||
| 2021 | 2020 | ||||||||||||||
| f'000 | E'000 | ||||||||||||||
| Within one year | 2 | ||||||||||||||
| After 1year | but within | 5years | 52 | 15 | |||||||||||
| 54 | 15 | ||||||||||||||
| ed Company |
Number: | 4002575 | 50 |
| 26. | Reconciliation ofnet |
in | com | e/ | (e | xpend | iture) to |
net c | ash flow from | group operati | ng activities |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||||||
| f'000 | f'000 | |||||||||||
| Net income before investment | gains/(losses) | 4,461 | 808 | |||||||||
| Adjustments for: |
||||||||||||
| Investment income |
(385) | (485) | ||||||||||
| Finance costs | 96 | 76 | ||||||||||
| Equalisation ofinvestments |
(15) | (8) | ||||||||||
| Depreciation | 1,696 | 1,655 | ||||||||||
| (Profit)/loss on disposal |
of | property, | plant and equipment | (8) | (7) | |||||||
| Add back ofnon-cash | FRS102charge | to defined | benefit retirement | scheme | 213 | 146 | ||||||
| Less cash contributions | to | defined benefit retirement | scheme | (540) | (536) | |||||||
| Advance fees utilised | (1,113) | (1,129) | ||||||||||
| 4,405 | 520 | |||||||||||
| Movements in working capital: |
||||||||||||
| Decrease in stocks | 100 | 20 | ||||||||||
| (Increase)in debtors | (62) | (2,105) | ||||||||||
| (Decrease)/increase | in creditors | 783 | (1,252) | |||||||||
| Cash (used by)/generated | from | operations | 5,226 | (2,817) | ||||||||
| Investment income |
||||||||||||
| Interest paid | (73) | (47) | ||||||||||
| Net cash (used by}/provided | by group operating | activities | 5,153 | (2,864) | ||||||||
| 27. | Reconciliation ofnet debt | |||||||||||
| At | New | At | ||||||||||
| 1July | Cash | Finance | 30June | |||||||||
| 2020 | Flows | Leases | 2021 | |||||||||
| f'000 | f'000 | f'000 | f'000 | |||||||||
| Cash | 3,695 | (477) | 3,218 | |||||||||
| Loans falling due after more than one year | (2,500) | (500) | (3,000) | |||||||||
| Finance lease obligations | (290) | 70 | (64) | (284) | ||||||||
| Total | 905 | (907) | (64) | (66) |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 6'000 | 6'000 | |||
| Present value offunded | obligations | (11,078) | (11,880) | |
| Fair value | of plan assets | 10,511 | 10,453 | |
| Deficit | (567) | (1,427) | ||
| Amounts | in the balance | sheet: | ||
| Liabilities | (567) | (1,427) | ||
| Assets | ||||
| Net liability | (567) | (1,427) |
| 2021 | 2020 | ||
|---|---|---|---|
| 6'000 | 6'000 | ||
| Opening defined |
benefit obligation | 11,880 | 11,529 |
| Expenses | 194 | 121 | |
| Interest cost | 176 | 245 | |
| Actuarial losses |
(619) | 855 | |
| Benefits paid | (553) | (870) | |
| Closing defined benefit obligation | 11,078 | 11,880 | |
| Changes in the |
fair value ofscheme assets are as follows: | ||
| 2021 | 2020 | ||
| 6'000 | 6'000 | ||
| Opening fair value ofscheme assets | 10,453 | 10,159 | |
| Interest income | 157 | 220 | |
| Return on scheme assets less interest on net defined benefit | |||
| pension scheme | liability | (86) | 408 |
| Contributions by |
employer | 540 | 536 |
| Benefits paid | (553) | (870) | |
| Fair value ofscheme assets at end ofyear | 10,511 | 10,453 |
| The amoun | ts included within the Statement ofFinancial |
Activities are as | follows: | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| 6'000 | 6'000 | |||
| Current service cost | ||||
| Expenses | (194) | (121) | ||
| Total charge | to net income | (194) | (121) | |
| Net interest | on the net defined benefit pension scheme liability | (19) | (25) | |
| Net finance cost | (19) | (25) | ||
| Total amount | charged within net income | (213) | (146) | |
| Remeasurement ofthe net defined benefit pension scheme |
liability | 533 | (447) | |
| Total amount | charged to the Statement ofFinancialActivities | 320 | (593) |
| 2021 | 2020 | ||
|---|---|---|---|
| Equities | |||
| Bonds | |||
| Fixed Interest Matching Assets | 34%o | 12% | |
| Inflation | Linked Matching Assets | 26% | 18% |
| Managed | Growth | 39% | 69% |
| Other | 1%o | 1% |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| 6'000 | 6'000 | ||||||
| Actual | return | on | the | scheme | assets | 71 | 628 |
| The assets ofthe scheme have been included | The assets ofthe scheme have been included | The assets ofthe scheme have been included | in this year's | in this year's | financial | financial | statements | at | market | value and the |
|---|---|---|---|---|---|---|---|---|---|---|
| liabilities have been calculated using the |
following | principal | actuarial | assumptions: | ||||||
| 30June | ||||||||||
| 2021 | ||||||||||
| Inflation (RPI) |
3.596pa | 3.216pa | ||||||||
| Inflation (CPI) |
3.096pa | 2.6516pa | ||||||||
| Salary increases | n/a | n/a | ||||||||
| Rate ofdiscount | 1.916pa | 1.516pa | ||||||||
| Rate ofincrease in pensions |
in payment | where CPI | to a maximum | of | SS6applies | 3.616 | 3.4516 | |||
| Rate ofincrease in pensions |
in payment | where CPI | to a max | of2.5% | applies | 2.0596 | 1.9S6 | |||
| Assumes life expectancies on retirement |
age 65: | |||||||||
| Retiring today- males | 20.7 | 20.7 | ||||||||
| Retiring today - females | 23.1 | 23.0 | ||||||||
| Retiring in 20years- males |
22.0 | 22.0 | ||||||||
| Retiring in 20years - females |
24.6 | 24.5 |
| Transactions between the School |
and other group companies that have been eliminated | and other group companies that have been eliminated | and other group companies that have been eliminated | and other group companies that have been eliminated | on | consolidation | consolidation |
|---|---|---|---|---|---|---|---|
| are disclosed below: | |||||||
| 2021 | 2020 | ||||||
| f'000 | f'000 | ||||||
| Sherborne School (Trading) Limited |
|||||||
| Agents commission invoiced to School |
101 | 256 | |||||
| Departmental sales invoiced to School |
85 | ||||||
| Profits gifted to School | 95 | ||||||
| Support costs invoiced by School |
P) | (10) | |||||
| Sherborne School (Leisure) Limited | |||||||
| Pupil usage ofsports facilities invoiced to School | 238 | 165 | |||||
| Profits gifted to School | 3 | 115 | |||||
| Support and rental costs invoiced | by School | (10) | (19) | ||||
| Sherborne School (Overseas Trading) | LImited | ||||||
| Interest paid to the School |
|||||||
| Profits gifted to School | 218 | ||||||
| The Sherborne School Foundation |
|||||||
| Donations to School | 2,068 | 181 | |||||
| Donated services from School | 162 | 237 | |||||
| Sherborne Schools Worldwide LimIted |
|||||||
| Interest paid to the School |
6 | 7 | |||||
| Details of balances due between |
these entities | and the School at | the year end are disclosed | in debtors | |||
| and creditors. |
| Governors who | served in the year as indicated, they are: |
served in the year as indicated, they are: |
served in the year as indicated, they are: |
|||||
|---|---|---|---|---|---|---|---|---|
| Chairman | Roger Stewart Fidgen Esq, FRICS (resigned 4July 2020) | |||||||
| Lt Gen David Leakey CMG CVO CBE MA | Cantab (appointed | Chairman | 4July 2020) | |||||
| Vice Chairman | Guy Andrew Hudson Esq, MA |
|||||||
| Ex-Officio | Her Majesty's Deputy Lord Lieutenant |
for the County | of | Dorset, Russell Lucas-Rowe | DL | |||
| (resigned 4 July 2020) | ||||||||
| The Vicar of Sherborne, The Reverend |
Canon Eric Woods |
DL, MA, FRSA (resigned | 4 | July | ||||
| 2020) | ||||||||
| Co-Opted | Mrs Isabel Anne Cooper Burke, MB, BS, | MRCGP | ||||||
| Aubrey John Capel Esq | ||||||||
| Mrs Vicki Cotter, LLB(Hons), LLM |
||||||||
| Michael Levick French Esq, FCA | ||||||||
| Tim Hague Esq, FCCA, CTA (appointed |
8 | June 2021) | ||||||
| Guy David John Hayward-Cole Esq, MA, |
MBA | |||||||
| Dr Max Jonas | ||||||||
| Nigel Lawson Jones Esq, BSc,FRICS, ACIArb (appointed | 1April 2021) | |||||||
| Mrs Angela Claire Lane BA, FCA | ||||||||
| Robin Anthony Langley Leach Esq, MA |
||||||||
| George Marsh Esq, MA, Cert Ed | ||||||||
| John David William Pocock Esq, BEng (Hons) (appointed | 3 | August 2020) | ||||||
| Mrs Gillian Staley, BSc,MSc, CMIOSH | ||||||||
| Mrs Elaine Stallard JP | ||||||||
| Robert Jan Temmink Esq, QC, MA, BL, |
FCIArb | |||||||
| Michael Trevenen Wilson Esq, BSc,QTS |
||||||||
| Staff Nominated | Governor Matthew James Whittell |
Esq, MA, MSc |
| Headmaster | and Chief Executive | D A Luckett BA | DPhil | FRSA FHA | |
|---|---|---|---|---|---|
| Bursar and | Clerk to the Governors | Mrs L A Robins | BScMRICS (until | 31December 2020) | |
| Dr D C Cole BScMSc | PhD (from | 1January 2021) | |||
| Address | Sherborne School |
||||
| Abbey Road | |||||
| Sherborne | |||||
| DT9 3LF | |||||
| Website | www. sherborne. org | ||||
| ADVISERS | |||||
| Bankers | Lloyds Bank Pic 1"Floor Sedgemoor |
House | |||
| Deansgate Avenue |
|||||
| Taunton | |||||
| Somerset | |||||
| TA1 2UF | |||||
| Solicitors | Stone King LLP | ||||
| 13Queen Square | |||||
| Bath | |||||
| BA1 2HJ | |||||
| Auditor | Haysmacintyre | LLP | |||
| 10Queen Street Place | |||||
| London | |||||
| EC4R 1AG | |||||
| Investment | Advisers | Cazenove Capital Management | Limited | ||
| 12Moorgate | |||||
| London | |||||
| EC2R 6DA | |||||
| Actuaries | Mercer Limited | ||||
| 1Tower Place West | |||||
| London | |||||
| EC3R SBU |