| CONTENTS | Page |
|---|---|
| Governors, Officersand Advisers | 2 |
| Annual ReportoftheGovernors | |
| Directors' Report | 3 |
| Strategic Report | 7 |
| lndependentAuditor'sReport | 20 |
| Consolidated StatementofFinancialActivities | 23 |
| Consolidatedand School Balance Sheets | 24 |
| ConsolidatedCashFlowStatement | 25 |
| Notesto theFinancialStatements | 26 |
| 2020/27 | 2OL9/20 | 2Ot8/Le | 2017/L8 | |
|---|---|---|---|---|
| Numberofpupils receivinga | 2s8 | 258 | 252 | 233 |
| bursary | ||||
| Totalvalueofbursaries | f.L,775,24L | f.L,70L,L22 | f1",638,089 | r.L,348,7L0 |
| awarded | ||||
| Averagevalueofeach | ||||
| bursary -f |
f6,593 | f6,606 | f6,500 | f5,788 |
| - As a%ofSenior School day | 32.8% | 32.9% | 335% | 3jo/o |
| fee |
electricityandtransport,intensity ratiosandinformatio |
n relatingtoenergy |
|---|---|
| Total energyusagefrom electricityconsumption in t9/2O | t,7t5,42tKWh |
| Totalenergyusagefromgasconsumptionin 19/20: | 5,541,255KWh |
| Totalemissionsthroughuseofpurchasedelectricity: | 603,073KgCO2e |
| Totalemissionsthrough combustion ofgas: | L,O2O,478KgCO2e |
| Totalemissionsfromdieselconsumption on transportfleet | LL6,560KgCO2e |
| TotalGrossemissions | L,740,LIIKgCO2e |
| lntensityratio(KgCO2eper pupil) | 1,671_.57 |
| Unrestricted | Restricted | Restricted | Endowed | 2020 | 2019 | ||
|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | Total | Totdl | ||
| €O0O's | f000's | €000's | f000's | r000's | |||
| lncome andendowmentsfrom: | |||||||
| Char¡tableactivit¡es | |||||||
| School fees | 3 | 18,135.5 | 18,135.5 | 78,964.6 | |||
| Other educational income | 5 | 916.0 | 916.0 | 2,400.6 | |||
| Other ancilìarytradingincome | 5 | 897.0 | 897.0 | 13.7 | |||
| Other trad¡ngactivities | |||||||
| Non-ancillarytradingincome | 5 | 587.5 | 587.5 | 777.9 | |||
| lnvestments | |||||||
| lnvestmentlncome | 5 | 166.0 | 65.5 | 231.5 | 69.0 | ||
| Voluntarysources | |||||||
| Donations and bequest | r4b | 164.5 | L64.5 | 324.6 | |||
| Totalincome | 20,702.O | ----T3õtr- | 20,932.O | 22,490.4 | |||
| Expenditure on: | |||||||
| Raisingfunds | |||||||
| Non-ancillarytradingexpenses | 6 | 228.2 | 224.2 | 264.2 | |||
| Fundraising anddevelopment | 6 | 3L.7 | 3t.l | 13.7 | |||
| FinancingCosts | 6 | 89.1 | 89.1 | 87.4 | |||
| 3t7.3 | 3L.7 | 349.0 | 359.3 | ||||
| Charitableactivities: | |||||||
| Education andgrantmaking | 6 | 20,97L.2 | 365.5 | 21,336.7 | 27,644.7 | ||
| Totalexpenditure | 2L,288.5 | 365.5 | 3L.7 | 21,6a5.7 | 22,003.4 | ||
| Net(outgoing)/incomingfundsfrom operations | {s86.s) | (135.s) | (31.7) | .7s3.7) | |||
| beforeinvestment(losses)/gains | |||||||
| (Losses)/gains on investments | l2s.2l | M.4 | (101.e) | (86.7) | 248.8 | ||
| Net(outgoing)/incomingresources | {61s.7) | (s1.1) | (133.6) |
{840.4} | 735.8 | ||
| Transfers between funds | |||||||
| Otherrecognisedlosses: | |||||||
| Pensionscheme actuariallosses | 19 | ( 2s0.0) | (2so.o) | ||||
| Netmovementin funds inyear | (eos.7) | (e1.1) |
(133.6) | (1,130.4) | 735.8 | ||
| Fundsbalancesat1September2019 | 77,927.3 | 4,273.0 | 1,933.2 | 78,733.5 | 77,397.7 | ||
| Fundbalancesat31August 2020 | tL,ozL.6 | 4,taLg | t,799.6 | 17,003.1 | 18,133.5 |
| CONSOLIDATED | CONSOLIDATED | scHooL | |||
|---|---|---|---|---|---|
| 2020 | 2019 | 2A2A | 2019 | ||
| Notes | f000's | f0q0's | foOO's | Ê000's | |
| FIXED ASSETS | |||||
| TangibleFixed Assets | 7,8 | 25,066.0 | 22,037.6 | 25,062.4 | 22,030.6 |
| lnvestments | 9 | 4,523.9 | 4,654.4 | 4,524.O | 4,654.5 |
| 29,589.9 | 26,692.0 | 29,586.4 | 26,685.7 | ||
| CURRENT ASSETS | |||||
| Stocks | 10 | 133.6 | 786.4 | 133.6 | 782.5 |
| Debtors | T1 | 607.2 | 973.4 | 561.0 | 950.0 |
| Cash | 282.7 | 7,989.7 | 258.t | 7,959.3 | |
| L,O23.5 | 3,748.9 | 952.7 | 3,097.8 | ||
| CURRENTTIABIIITIES | |||||
| Creditors: duewithinoneyear | 72 | ( x0,64s.1) | (8,470.8) | (x0,s70.8) | (8,406.8) |
| NET CURRENTLIABITITIES | (9,621.6) | (5,321.9) | ( 9,618.X) | (s,31s.0) | |
| TOTALASSETSLESSCURRENT LIABILITIES | 19,968.3 | 27,370.7 | 19,968.3 | 27,370.7 | |
| tONG.TERMTIABITITES | |||||
| Creditors: dueaftermorethanoneyear | L2 | 12,67s.21 | (3,236.6) | .2,67s.21 | |
| Pensionscheme | 19 | (2so.o) | (2so.o) | ||
| NET ASSETS | t?,oo3-L | 18,133.5 | L7,O03.r | 78,733.5 | |
| CAPITAL FUNDS: | |||||
| Permanent endowedfunds | 74a | L,799.6 | 7,933.2 | L,799.6 | 1,933.2 |
| Restricted funds | t4b | 4,Lgr.9 | 4,273.0 | 4,L81.9 | 4,273.0 |
| Unrestricted funds | LL,OzL,6 | 77,927.3 | Lt,ozt.6 | 77,927.3 | |
| TOTATFUNDS | 15 | t7,003.L | 78,733.5 | 17,003.1 | 78,733.5 |
| 2020 | 2019 | ||
|---|---|---|---|
| Reconciliationofnetincomingresourcestonetcashinflow from operatingact¡v¡ties | €000's | f000's | |
| Net(outgoing)/incomingresourcesfromoperations | (7s3.71 | 487.0 | |
| Eliminationof non-operatingcashflows: | |||
| lnvestment income | (231.s) | (6s.0) | |
| Finance costs | 89.1 | 87.4 | |
| Depreciation charge | 877.2 | 899.4 | |
| Losson disposaloffixedassets | 230.1 | 88.2 | |
| Decrease/(increase) in stock | 52.8 | (4.0) | |
| Decrease indebtors | 366.2 | 780.4 | |
| (Decrease)/increase increditors(excluding fees in advance and deposits) | ( 106.4) | 793.7 | |
| Decrease infees in advance and parent's deposit | (L,246.61 | (1se.s) | |
| 1722.81 | 7,697.6 | ||
| Cashflowsusedininvestingactivities: | |||
| Paymentsfor tangiblefixedassets | (3,277.21 | (1,836.s) | |
| Proceedsfrom thesaleof tangiblefixedassets | L6.t | ||
| Additionstosecurities investmentsportfolios | {4ls.3) | (31s.4) | |
| Withdrawalsfromsecurities investmentsportfolios | 459.1 | 297.0 | |
| lnvestment income and bankinterestreceived | 23L.5 | 69.0 | |
| Netcash usedin investing activities | (2,98s.8) | (1,79s.s) | |
| Cashflowsusedinfinancing activ¡ties: | |||
| Finance costspaid | {8e.1) | (81.4) | |
| Repayment of secured loans | (301.8) | (2ss.1) | |
| New bankloans | 1,000.0 | ||
| Netcash used infinance activities | 609.1 | (376.s) | |
| Changeincashandcashequivalentsinthe year | (3,099.s) | (474.8) | |
| Cashandcashequivalents atthebeginning of theyear | 7,989.7 | 2,463.9 | |
| Cashandcashequivalents attheend ofthe year | (1,110.4) | 7,989.7 | |
| ANALYSIS OF CASHANDCASHEQUIVATENTS | 2020 | 2019 | |
| €0O0s | f.000s | ||
| Cashin hand | 282.7 | 7,989.7 | |
| Bankoverdraft | (1,3e3.1) | ||
| (1,110.4) | 7,989.7 | ||
| ANATYSIS OFCHANGES IN NET FUNDS DURINGTHE YEAR | |||
| Group | Asot 01.09.79 | Cashflow | Asat31.08.20 |
| f'o00 | f'000 | f '000 | |
| Cashatbankand in hand | 7,989.70 | (1,706.4) | 282.7 |
| Bankoverdraft | (x,393.1) | {1,393.1) | |
| 7,989.70 | (3,099.s) | {1,110.4) |
| 3.SCHOOLFEES | ||
|---|---|---|
| 2020 | 2079 | |
| TheSchool's fee incomecomprised: | €000's | f000's |
| GrossFees | 24605.7 | 23,897.7 |
| Less:TotalBursaries,Grants and Allowances | (6,806.7) | (s,294.0) |
| Add back:Scholarships,grants and bursariesfromrestricted and endowed funds | 336.5 | 360.9 |
| 18,135.5 | 18,964.6 |
| Taunton School Enterprises | Taunton School Enterprises | Taunton School Enterprises | Taunton School Enterprises | |
|---|---|---|---|---|
| Limited | ||||
| 2020 | 2079 | |||
| f,000's | Ê000's | |||
| Turnover | 568.0 | 785.6 | ||
| CostofSales | (s4s.7) | ( | 66e.0) | |
| Gross Prof¡t | 22.3 | 116.6 | ||
| AdministratÍonExpenses | (s.2) | (7.8) | ||
| Taunton School Educational Charity ManagementFee | (3.0) | (3.0) | ||
| GifttoTauntonSchoolEducational Charity | ( | 14.1) | ( | 10s.8) |
| Profit/(loss) on OrdinaryActivitiesafter Taxat¡on | ||||
| Shareholder funds |
| 5.OTHER INCOME | 2020 | 2079 |
| f00O's | fOO]'s | |
| Other educational charitableactivit¡es | ||
| Entrance and registration fees | 55.1 | 50.2 |
| Otherchargestopupils | 288.2 | 396.4 |
| Coursesandsubìettings | s72.7 | 7,954.0 |
| 916.0 | 2,400.6 | |
| Otherancillary activ¡ties | ||
| Otherincome | 3.1 | 73.7 |
| Governmentgrantincome: Job RetentionScheme | 893.9 | |
| 897.0 | 73.7 | |
| Non ancillarytradingactiv¡t¡es | ||
| Taunton School Enterprises Limited(Note4) | 98.0 | 195.6 |
| Swim school | L33.4 | 208.5 |
| School shop | 272.2 | 287.3 |
| Feesin lieu | 83.9 | 26.5 |
| 587.5 | 717-9 | |
| lnvestment¡ncome | ||
| Other interestreceived | 23t.5 | 69.0 |
| 6.ANALYSISOF EXPENDITURE | |||||
|---|---|---|---|---|---|
| Staff | Other | 2020 | 2079 | ||
| Costs | Costs | Depreciatíon | Total | Total | |
| f000's | f000's | €000's | f000's | [000's | |
| Raisingfunds: | |||||
| lnterestpayable | 89.1 | 89.1 | 87.4 | ||
| Fund-raising forvoluntaryresources | 3L.7 | 3L.7 | 73.7 | ||
| Total forCharity | 120.8 | 120.8 | 95.7 | ||
| Tradingexpenses | 32.0 | 192.4 | 3.4 | 228.2 | 264.2 |
| TotalforGroup | 32.0 | 313.6 | 3.4 | 349.0 | s59.3 |
| Charitableactivities | |||||
| Teaching | 9,9L7.4 | 560.3 | LO,477.7 | 70,694.8 | |
| Welfare | L,786.3 | 608.7 | 2,395.0 | 2,547.9 | |
| Premises | L,L33.2 | L,997.3 | 873.8 | 4,OO4.3 | 3,640.7 |
| Supportcostsof schooling and governancecosts | L,8t3.7 | 2,309.5 | 4,t23.2 | 4,399.8 | |
| 14,650.6 | 5,475.8 | 873.8 | 2t,ooo.2 | 21,283.2 | |
| Grants and Awards | 336.5 | 336.5 | 360.9 | ||
| Total | 14,650.6 | 5,812.3 | 873.8 | 2L,336.7 | 27,644.7 |
| Total expenditure-Charity | t4,650.6 | 5,933.1 | 873.8 | 2'.,457.5 | 27,739.2 |
| Total expenditure-Group | L4,682.6 | 6,125.9 | 877.2 | 2'.,685.7 | 22,003.4 |
| 2020 | 2019 | |
|---|---|---|
| STAFF COSTS: | f000's | f.000's |
| Wages andsalaries | L2,O98.L | 72,738.3 |
| Employer's national insurancecontributions | L,O33.7 | 1,044.9 |
| Employer's pensioncontributions | 1,550.8 | 7,283.9 |
| L4,682.6 | 74,467.7 | |
| Average number ofstaffemployed | Headcount | |
| 2020 | 2079 | |
| Nos. | Nos. | |
| Teachingstaff | 303 | 300 |
| Supportstaff | 264 | 284 |
| 567 | 584 | |
| Number of Staff whose EmolumentsExceedf60,000pa | ||
| f60,001-f70,000 | 4 | 4 |
| f70,oo7-f80,000 | 2 | 2 |
| f80,001-f90,000 | ) | |
| f90,001-f100,000 | 2 | 2 |
| f100,001-f110,000 | L | |
| f151,000-f160,000 | 1 | |
| f171,000-f180,000 | L |
| 2020 | 2079 | ||
|---|---|---|---|
| lnterestPayable | f000's | f.000's | |
| Bankloans | 89.1 | 87.4 | |
| 2020 | 2079 | ||
| Amountspaid under operatingleases | f000's | f00O's | |
| Hire of vehicles | 231.0 | 258.0 | |
| Hireof otherassets | 65.3 | 773.7 | |
| 296.3 | i77.7 | ||
| 2020 | 2079 | ||
| Governance included in support costs | f000's | f000's | |
| Staff costs | LAT,L | 740.9 | |
| Governorsliabilityinsurance | 0.6 | 0.6 | |
| Auditor's remuneration | 26.O | 24.0 | |
| Auditor's remuneration- nonauditservices | 6.3 | 13.9 | |
| Officecosts | 10.0 | 5.5 | |
| 184.0 | 784.9 |
| Landand | Assetsunder | |||
|---|---|---|---|---|
| buildings | Equipment | construction | TOTAT | |
| f,000's | f000's | f000's | f000's | |
| COST: | ||||
| Balanceat7September 2079 | 24,868.7 | 3,643.7 | 745.2 | 29,256.4 |
| Additions at cost | 4,LsL.8 | 4,757.8 | ||
| Transfers | 46.7 | (46.71 | ||
| Disposals | L7O.6) | (s13.4) | (4e.s) | ( 733.5) |
| Balanceat31August 2020 | 24,697.5 | 3,L76.4 | 4,800.8 | 32,674.7 |
| ACCUMUTATED DEPRECIATION: | ||||
| Bolonceat7September 2019 | 4,830.7 | 2,395.7 | 7,225.8 | |
| Chargefor year | 566.0 | 307.8 | 873.8 | |
| Eliminated on disposal | 182.21 | (40s.1) | (487.3) | |
| Balanceat31August 2020 | 5,313.9 | 2,298.4 | 7,6L2.3 | |
| Net Book Valueat31August 2020 | ___11Mq | 878.0 | 4,800.8 | 25,062.4 |
| NetBookValueot37August 2019 | 20,038.0 | 7,247.4 | 745.2 | 22,030.6 |
| 8.TANGIBLEFIXED ASSETS.CONSOLIDATED | Landand | Assetsunder | ||
| buildings | Equipment | construct¡on | TOTAT | |
| f,000's | f000's | f000's | €000's | |
| COST: | ||||
| Balonceat7September 2079 | 24,879.8 | 3,903.4 | 745.2 | 29,528.4 |
| Add¡tions at cost | 4,Lst.8 | 4151.8 | ||
| Transfers | 46.7 | 146.71 | ||
| Disposals | ( 170.6) | (513.4) | (4e.s) | (733.s) |
| Balanceat31August 2020 | 24,709.2 | 3,436.7 | 4,800.8 | 32,946.7 |
| ACCUMUTATED DEPRECIATION: | ||||
| Balanceot7September 2019 | 4,842.8 | 2,648.0 | 7,490.8 | |
| Chargefor year | 566.O | 377.2 | 877.2 | |
| Eliminated on disposal | (82.2) | ( 405.1) | (487.31 | |
| Balanceat31August 2020 | 5,326.6 | 2,554.L | 7,880.7 | |
| Net Book Valueat31August 2020 | L9,382.6 | 882.6 | 4,800.8 | 25,066.0 |
| NetBook Volueot37August2079 | 20,037.0 | 7,255.4 | 745.2 | 22,037.6 |
| CONSOLIDATED | CONSOLIDATED | scHooL | ||
|---|---|---|---|---|
| 2020 | 2079 | 2020 | 2079 | |
| €000's | f000's | f000's | [000's | |
| Balanceon1September2019 | 4,654.4 | 4,377.2 | 4,654.4 | 4,377.2 |
| Less:Disposaloflnvestments | (4ss.1) | (2s1.0) | (4se.1) | (2s1.0) |
| Add:Gainonrevaluation | (86.7) | 248.8 | ( 86.7) | 248.8 |
| Add: additions | 4L5.3 | 379.4 | 415.3 | 379.4 |
| Balanceat31August 2020 | 4s23.9 | 4,654.4 | 4,523.9 | 4,654.4 |
| lnvestmentin subsidiary company | 0.1 | 0.7 | ||
| 4,523.9 | 4,654.4 | 4,524.0 | 4,654.5 |
| ANALYSIS OFFIXED ASSETINVESTMENTS | ||||
|---|---|---|---|---|
| CONSOTIDATED | scHooL | |||
| 2020 | 2079 | 2020 | 2019 | |
| f000's | f.000's |
f000's | f000's | |
| Quotedlnvestmentsatmarket value | 4,425.7 | 4,576.5 | 4,425.7 | 4,576.5 |
| Cashatbrokers | 98.2 | 737.9 | 98.2 | 737.9 |
| lnvestmentin subsidiary company | 0.1 | 0.7 | ||
| Totalfixedassetinvestments at31August Historical cost ofquotedinvestments |
4,523.9 3,547.5 |
_lÉl!!_1,5u!_3Él!é_ 3,547.5 3,547.5 i,547.5 |
| 10.sTocKs | |||||
|---|---|---|---|---|---|
| CONSOLIDATED | scHooL | ||||
| 2020 | 2079 | 2020 | 2019 | ||
| f000's | Ê000's | f000's | f)OO's | ||
| Schoolshop and materialsforsale | 88.5 | 93.7 | 88.5 | 89.8 | |
| Consumable materials | 45.L | 92.7 | 45.1 | 92.7 | |
| 133.6 | 786.4 | 133.6 | 182.5 |
| 11.DEBTORS | |||||
|---|---|---|---|---|---|
| CONSOLIDATED | scHooL | ||||
| 2020 | 2079 | 2020 | 2079 | ||
| f000's | r000's | f000's | f00O's | ||
| Pupil'sFees | 160.4 | 486.0 | 160.4 | 486.0 | |
| Prepayments | 166.9 | 237.2 | 134.5 | 200.5 | |
| Accrued income | 110.9 | 110.9 | |||
| Trade andotherdebtors | 169.0 | 256.2 | 155.2 | 225.0 | |
| Subsidiary company | 38.5 | ||||
| 607.2 | 973.4 | 561.0 | 950.0 |
| 12.CREDITORS | CONSOLIDATED | CONSOLIDATED | scHooL | |
|---|---|---|---|---|
| 2020 | 2079 | 2020 | 2019 | |
| f000's | f0OO's | f000's | f0O0's | |
| DUEWITHINONE YEAR | ||||
| Bankoverdraft | 1,393.1 | 1,393.1 | ||
| Bank loans | L,306.7 | 307.7 | r,306.7 | 307.7 |
| Trade creditors | 4t7.7 | 523.0 | 335.3 | 463.0 |
| Payrolltaxes andsocialsecur¡ty | 256.1 | 269.7 | 256.L | 269.7 |
| Employee pension funds | 226.3 | 784.7 | 226.3 | 784.7 |
| Feesreceived in advanceofterm | 3,383.4 | 4,39:2 | 3,383.4 | 4,390.2 |
| Subsidiary company | L4.4 | |||
| Feedeposits | 1,353.8 | 7,262.2 | 1,353.8 | 7,262.2 |
| Other creditors and accruals | t,736.6 ---ñfrTr |
892.3 7,822.0 |
L,730.3 9,999.4 |
888.3 7,758.0 |
| Advancefeesscheme(seebelow) | s7L.4 | 648.8 | 57L.4 | 648.8 |
| ___1991I.1 | 8,470.8 | r.0,570.8 | 8,406.8 | |
| DUE AFTERMORETHANONE YEAR | ||||
| Bank loans | 347.6 | 655.0 | 347.6 | 655.0 |
| Feedeposits | t,46L.7 | 7,305.8 | t,46L.7 | 7,305.8 |
| Advance fees scheme | 865.9 | 7,275.8 | 865.9 | 7,275.8 |
| 2,675.2 | 3,236.6 | 2,675.2 | 3,236.6 |
| ANATYSISOFDEBTMATURITY | CONSOLIDATED | CONSOLIDATED | scHooL | ||
|---|---|---|---|---|---|
| 2020 | 2079 | 2020 | 2079 | ||
| ln one yearorlesson demand: | €000's | f0oo's | f000's | r000's | |
| Bankloans | t,306.7 | 307.7 | L,306.7 | 307.7 | |
| Betweentwoand five years: | |||||
| Bank loans | 224.6 | 574.0 | 224.6 | 574.0 | |
| Overfive years: | |||||
| Bank loans | L23.O | 747.0 | 123.0 | 741.0 | |
| ____!9!1¿ | 956.1 | t,654.3 | 956.7 |
| CONSOTIDATED | CONSOTIDATED | scHooL | ||
|---|---|---|---|---|
| 2020 | 2079 | 2020 | 2079 | |
| ADVANCEFEEPAYMENTS | f000's | f000's | f000's | Ê000's |
| Withinone year | 57L.4 | 648.8 | 57L.4 | 648.8 |
| Withinoneto twoyears | 293.6 | 540.9 | 293.6 | 540.9 |
| Within two tofiveyears | 390.5 | 554.7 | 390.5 | 554.7 |
| Overfive years | 181.8 | 780.8 | 181.8 | 180.8 |
| L,437.3 | 7,924.6 | t,437.3 | 7,924.6 |
| CONSOLIDATED | CONSOLIDATED | scHooL | ||
|---|---|---|---|---|
| 2020 | 2079 | 2020 | 2079 | |
| f000's | f000's | f000's | f00O's | |
| Ba¡anceat1September 2019 New contracts |
t,924.6 t97.8 |
2,079.5 507.3 |
t,924.6 L97.8 |
2,019.5 507.i |
| Amountsutilisedin payment of fees Capital repaid Discounts applied Balanceat31August 2020 |
(6s3.7) {70.1) 38.7 ----TÑT |
(s83.2) ( 66.7) S3-7 L,924.6 |
{6s3.7) (70.1) 38.7 t,437.3 |
(s83.2) (66.7) 53.7 1,924.6 |
| T.3.FINANCIALINSTRUMENTS | CONSOLIDATED | CONSOLIDATED | scHooL | |
|---|---|---|---|---|
| 2020 | 2079 | 2020 | 2079 | |
| f000s | Ê000s | f000s | f000s | |
| Financialassetsmeasured at amort¡sed cost(a) Financialassetsmeasured at fair value(b) Financialliabilitiesmeasured at amortised cost(c) |
7LO.4 4,425.7 (12,838.0) |
2,869.2 4,s76.6 (11,2s4.2) |
67t.9 4,425.8 (L2,763.6) |
2,846.7 4,516.6 (11,190.2) |
| Financialliabilitiesmeasured at fair value(d) | (2so.o) | (2eo.o) |
| 14a.PERMANENT ENDOWEDFUNDS | ||||||
|---|---|---|---|---|---|---|
| Current yearmovement | Balanceat | lncoming | lnvestment | Balance | ||
| 07.09.19 | Donations | Funds | Expend¡ture | losses | at 31.08.20 | |
| f000's | f000's | f000's | f000's | f000's | f000's | |
| lanEvans-LombeScholarshipFund | 7,933.2 | l3L.7l | (101.e) | t,799.6 | ||
| Prior yearmovement | Bdlsnceot | lncoming | lnvestment | Balonce | ||
| 07.09.78 | Dondt¡ons | Funds | Expenditure | Iosses | 37.08.79 | |
| f000's | f00O's | f00O's | Ê000's | î000's | f000's | |
| lanEvans-LombeScholarshipFund | __J¿tz!_ | (13.7) | (0.1) | 7,933.2 |
| Current yearmovement | Bolance | lncoming | lnvestment | Balance | ||
|---|---|---|---|---|---|---|
| at 01.09.79 | Donations | Funds | Expenditure | Gains | at31.08.20 | |
| f000's | f000's | f000's | f000's | f000's | f000's | |
| Taunton School Foundation | 7,065.8 | tt4.7 | l27o.Ll | 2L.3 | 93L.7 | |
| Dining Room Redevelopment Project | 100.0 | 100.0 | ||||
| ParentalFunds | 55.5 | 49.8 | 105.3 | |||
| TauntonSchoolTrust -Land&Buildings | 7,989.0 | l2e.2l | 1,959.8 | |||
| TauntonSchoolTrust -OtherFunds; | ||||||
| Haynes Fund | 83.8 | 1.8 | 85.6 | |||
| lanEvans-LombeScholarshipFund | 7.3 | 65.5 | (56.2) | 6.6 | ||
| GerrardMemorialBursary | 829.4 | 18.5 | 847.9 | |||
| TauntonSchoolScholarship and BursaryFun | 93.6 | 2,L | 95.7 | |||
| OtherRestrictedFunds | 48.6 | o.7 | 49.3 | |||
| 4,273.0 | 164.5 | 65.5 | (36s.s) | M.4 | 4,181.9 | |
| Pr¡oryearmovement | Bolance | lncoming | lnvestment | Balonce | ||
| at 07.09.78 | Donat¡ons | Funds | Expend¡ture | Goins | at 31.08.79 | |
| Ê000's | Ê.000's | f.000's | f000's | f000's | Ê.000's | |
| Taunton School Foundation | 7,108.7 | 769.7 | (2s1.2) | 79.8 | 7,065.8 | |
| Dining Room Redevelopment Project | 700.0 | 100.0 | ||||
| ParentalFunds | 55.5 | 55.5 | ||||
| TauntonSchoolTrust -Land&Buildings | 2,078.2 | (2s.2) | 7,989.0 | |||
| TauntonSchoolTrust - OtherFunds: | ||||||
| Haynes Fund | 76.8 | 7.0 | 83.8 | |||
| lanEvans-LombeScholarshipFund | 70.0 | 67.0 | (6e.7) | 7.3 | ||
| GerrardMemoriaìBursary | 759.9 | 69.5 | 829.4 | |||
| TauntonSchoolScholarship and BursaryFun | 85.8 | 7.8 | 93.6 | |||
| OtherRestrictedFunds | 46.1 | 2.5 | 48.6 | |||
| 4,704.9 | 324.6 | 67.0 | (3s0.1) | 766.6 | 4,273.0 |
| 15.ANALYSIS OFNET ASSETSBETWEENFUNDS | Net Current | |||||
|---|---|---|---|---|---|---|
| Current yearmovement | Fixed | Assets/ | LongTerm | Pension | Fund | |
| Assets | {Liabilities) | {Liabil¡ties) | Liability | Balances | ||
| €000's | f000's | f000's | f000's | f000's | ||
| Pension Scheme Reserve | (2s0.0) | {2so.o) | ||||
| TauntonSchoolTrust | 1,959.8 | 1,959.8 | ||||
| Taunton School Foundation | 93L.7 | 93t.7 | ||||
| Other RestrictedFunds | 1,081.0 | 209.4 | L,290.4 | |||
| EndowedFunds | L,799.6 | t,799.6 | ||||
| UnrestrictedFunds | 24,746.O | lLo,7s9.2l | 12,67s.21 | LL,3Lt.6 | ||
| Charity | 29,546.4 | (9,618.1) | {.2,67s.21 | (2s0.0) | 17,003.1 | |
| Subsidiary'sReserves | 3.5 | {3.s) | ||||
| Group | 29,589.9 | (9,621.6) | (2,67s.21 | (2e0.0) | 17,003.1 | |
| NetCurrent | ||||||
| Prior yearmovement | Fixed | Assets/ | Long Term | Pens¡on | Fund | |
| Assefs | (Liobilities) | (Liabilities) | Liobility | Bolonces | ||
| f)OO's | f000's | Ê000's | 8000's | Ê000's | ||
| TauntonSchoolTrust | 1,989.0 | 7,989.0 | ||||
| Taunton School Foundation | 1,765.8 | 7,765.8 | ||||
| Other RestrictedFunds | 7,778.2 | 7,778.2 | ||||
| EndowedFunds | 7,933.2 | 7,933.2 | ||||
| UnrestrictedFunds Charity |
27,644.7 26,685.7 |
(6,480.8) (s,31s.0) |
(3,236.6) (3,236.6) |
17,927.3 18,133.5 |
||
| Subsidiary'sReserves | 6.9 | 6.9 | ||||
| Group | 26,692.0 | 5,327 | (3,236.6) | 78,733.5 |
| CONSOTIDATED | CONSOTIDATED | scHooL | ||
|---|---|---|---|---|
| 2020 | 2079 | 2020 | 2079 | |
| f,000's | î000's | f000's | Ê000's | |
| Contractedforandnotprovidedfor | 305.5 | 4019.0 | 305.5 | 4,079.0 |
| CONSOLIDATED | CONSOLIDATED | scHooL | |||
|---|---|---|---|---|---|
| 2020 | 2079 | 2020 | 2019 | ||
| f000's | f000's | €000's | Ê000's | ||
| Withinlyear | 277.7 | 796.5 | 22.5 | 86.2 | |
| Within2to5years | 455.0 | 373.7 | LO.4 | 76.2 | |
| More than5years | 334.t | !.! | 7.7 | ||
| x,066.8 | 570.7 | 32.9 | 703.5 |
| Theactuarialassumptionsfor lifeexpectancy inyears,assumingãretirementageof65are: | Theactuarialassumptionsfor lifeexpectancy inyears,assumingãretirementageof65are: | 2020 | 2079 | ||
|---|---|---|---|---|---|
| Years | Yeors | ||||
| For amaleretiringnow | 26.2 | 26.4 | |||
| At60foramale member aged 45now | 27.3 | 27.6 | |||
| Forafemale retir¡ng now | 28.2 | 28.4 | |||
| At60forafemale member aged 45 now | 29.5 | 29.7 | |||
| ThefinancialassumptionsusedtocalculateSchemeliabilitiesareasfollows: | 2020 | 2079 | |||
| lopa | %pø | ||||
| lnflation | 2.9 | 3.0 | |||
| Rateof increase insalaries | N/A | N/A | |||
| Rateofincreaseofpensionsinpayment anddeferredpensions | 2.8 | 2.9 | |||
| Discount rate | L,7 | 1.8 | |||
| Scheme assetsand expected rateof return: | 2020 | 2079 | |||
| FairValue | Split | FairValue | splít | ||
| f000' | f000' | % | |||
| Equities | 2,270 | 32 | 2,423 | 34 | |
| Bonds | 4,676 | 67 | 4,647 | 64 | |
| Cash | 87 | 7 | 760 | 2 | |
| Total | 6,967 | 7,230 | |||
| Components ofdefined benefitcost: | 2020 | 2019 | |||
| f000's | f000's | ||||
| Analysis of amounts chargedto operating profit | |||||
| lntereston pension scheme Iiabilities | |||||
| NetchargetotheSOFA | |||||
| Theactuarialgainsshown¡nthe Statement ofFinancialActivitiescomprised: | 2020 | 2079 | |||
| f000's | 8000's | ||||
| (loss)/gain on schemeassetsamount(€000) | (126.0) | 41.0 | |||
| %ofschemeassetsat end ofyear | 'L,8o/o | 0.6% | |||
| Experience (loss)/gain on schemeliabilities amount (f000) | (468.0) | 50.0 | |||
| %ofscheme liabilìties at end ofyear | -6.4% | 0.7% | |||
| Total actuariallossrecognised inSOFAamount (f000) | (2eo.o) | (123.0) | |||
| %ofscheme liabilities at end ofyear | 4.O% | 7.8% | |||
| Reconciliationto thebalance sheet | 2020 | 2019 | |||
| €000's | f000's | ||||
| Market value ofassets | 6,967.0 | 7,2i0.0 | |||
| Value of accrued liabilities | (7,257.0) | (6,s88.0) | |||
| Unrecognised surplus | (242.0) | ||||
| NetPensiondeficitinthescheme | (2so.o) | ||||
| Analysis ofthe movementindeficitinthescheme during theyear | 2020 | 2019 | |||
| f000's | f000's | ||||
| Deficitintheschemeatbeginning of year | |||||
| Contributionspaid | 123.0 | ||||
| Actuarial(loss) | (s37.0) | (744.0) | |||
| Unrecognised surplus | 247.0 | 627.0 | |||
| Schemeliabilities at end ofyear | (2e0.0) |
| Analys¡sof the amountrecognised inthe Statement ofFinancialActivities | 2020 | 2079 |
|---|---|---|
| fooo's | î000's | |
| Actualreturnlessexpectedreturnonassets | (126.0) | 41.0 |
| Experience (losses)/gainsontheliabilities | (468.0) | 50.0 |
| Changein assumptions | 57.O | (83s.0) |
| Actuarial Cain/(loss) recognísed inSOFA | (s37.0) | (744.0) |
| Changeinthepresentbenefit obligation | 2020 | 2079 |
| fO00's | f0O0's | |
| Opening definedbenefit obligation | 6,988.0 | 6,298.0 |
| lnterestcost | L23.O | 160.0 |
| Actuariallosses | 4LL.O | 785.0 |
| Benefitspaíd | (26s.0) | (2ss.o) |
| CIosíngdefined benefitobligations | 7,257.O | 6,988.0 |
| Changein thefairvalue of schemeassets | 2020 | 2079 |
| f000's | r000's | |
| Opening fair valueofplanassets | 7,230.0 | 7,737.0 |
| lnterestincome | L28.O | 784.0 |
| Actuarialgains | {126.0) | 47.0 |
| Contributions | 723.0 | |
| Benefits paid | (26s.0) | (2ss.0) |
| Closingfair valueofplanassets | 6,967.O | 7,230.0 |
| Unrestricted | Restricted | Endowed | 2019 | 2078 | ||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | Total | Totol | |
| f,000's | f,o00's | €000's | €000's | f.000's | ||
| lncome andendowments from | ||||||
| Charitableactivities | ||||||
| Schoolfees | 3 | L4,964.6 | 18,964.6 | 78,037.3 | ||
| Other educational income | 5 | 2,400.6 | 2,400.6 | 2,407.7 | ||
| Otherancillarytradingincome | 5 | L3.7 | t3.7 | 77.8 | ||
| Othertrading activities | ||||||
| Non-ancillarytradingincome | 5 | 7t7.9 | 7L7.9 | 626.6 | ||
| lnvestments | ||||||
| lnvestmentlncome | 5 | 2.O | 67.O | 69.0 | 74.0 | |
| Voluntarysources | ||||||
| Donations and bequest | I4b | 324.6 | 324.6 | 368.5 | ||
| Totel income | 22,098.8 | 391.6 | 22,490.4 | 27,525.9 | ||
| Expendíture on: | ||||||
| Raisingfunds | ||||||
| Non-ancillary trading expenses | 6 | 264.2 | 264.2 | 284.8 | ||
| Fundraising anddevelopment | 6 | t3.l | L3.7 | 76.3 | ||
| Financingcosts | 6 | aL.4 | 81.4 | 98.0 | ||
| 345.6 | t3.7 | 359.3 | 399.7 | |||
| Charitableactivities: | ||||||
| Education and grant making | 6 | 2t,254.O | 390.1 | 21-,64¿.l | 20,724.6 | |
| Total expenditure | 2t,s99.6 | 390.1 | 13.7 | 22,OO3.4 | 20,523.7 | |
| Netlncoming/(outgoing)fundsfrom operationsbefore ¡nvestmentga¡ns |
499.2 | 1.5 | (13.7) | 487.0 | 7,002.2 | |
| Gains/(losses) on investments | 82.3 | 166.6 | (0.1) | 248.8 | 94.7 | |
| Netmovementin funds inyear | 581.5 | 168.1 | ( 13.8) | 735.8 | 7,096.9 | |
| Fundsbalancesat1September 2018 | 77,345.8 | 4,704.9 | 7,947.0 | 77,397.7 | 76,300.8 | |
| Fund balances at31August 2019 | Lt,927.3 | 4,273.O | t,933.2 | 18,133.5 | 77,397.7 |