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|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|
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||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|||||
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|
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|
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|||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)|487.0|
|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|(s,236.6)|
|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)|
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|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|||||
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||||
|---|---|---|
|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|||
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|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|