##
|Contents||
|---|---|
|Reference and administrative|information|
|Annual
Report of the Governors||
|Strategic Report||
|Directors'
Report||
|Statement
of Governors'|Responsibilities|
|Independent
Auditor's
Report||
|Statement
of Financial
Activities||
|Balance Sheet||
|Statement
of Cash Flows||
|Notes to the Financial Statements||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Notes|Unrestricted|Restricted
funds|2021
Total|2020
Total|
|---|---|---|---|---|---|---|---|
|||||2"000|R'000|R"000|R'000|
|Income from:||||||||
|Donations||||||20||
|Charitable
activities||||10,532||10,532|9,350|
|Investments||||||||
|Other income||||||||
|Total||||10,590||10,597|9,637|
|Expenditure|on:|||||||
|Raising funds||||||||
|Charitable
activities||||9,925||9,930|9,253|
|Total||||9,925||9,930|9,278|
|Net income|||||||359|
|Transfers
between||||||||
|funds||||||||
|Net movement||in||||||
|funds||||||||
|Reconciliation||of||||||
|funds:||||||||
|Total funds brought
forward||||11,102||11,149|10,790|
|Total funds carried
forward||||11,767|49|11,816|11,149|
##
|||Notes|2021||
|---|---|---|---|---|
||||F'000|R"000|
|Fixed assets:|||||
|Tangible assets|||||
|Investments||10|3,541|2,550|
|Total fixed assets|||11,558|10,711|
|Current assets:|||||
|Debtors|||203||
|Cash at bank and|in hand||||
|Total current assets|||2,696|2,485|
|Liabilities:|||||
|Creditors: amounts|falling due within one year||2,231||
|Met current assets|||||
|Total assets less current liabilities|||12,023||
|Creditors: amounts|falling due after more than one||207|248|
|year|||||
|Total net assets|||11,816|11,149|
|The funds of the|school:||||
|Restricted income|funds||||
|Unrestricted
funds|||11,767|1 I,102|
|Total school funds|||11,816|11,149|
##
##
|||||Notes|2021|2020|
|---|---|---|---|---|---|---|
||||||R'000|2'000|
|Cash flows from operating|activities:||||||
|Net cash provided by operating
activities|||||1,401||
|Cash flows from investing|activities:||||||
|Interest from investments|||||||
|Purchase
of property,
plant|and equipment||||(224)|(227)|
|Purchase
of investments|||||||
|Net cash used ininvesting|activities||||(1,206)|(1,149)|
|Change in cash and cash|equivalents|in the|year||195|(200)|
|Cash and cash equivalents
the year|at the beginning||of||2,298|2,498|
|Cash and cash equivalents|at the end|ofthe|year|22|2,493|2,298|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|3|Incom||e from|ch|aritable|activities||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|||||||||E"000|R'000|
|Fees|receivable||for tuition||||||9,686|
|Less:|discount||relating to school closure during||||lockdown||(476)|
|Less:|bursaries,||discounts||and allowances||||(809)|
|||||||||9,666|8,401|
|Other|income|||||||||
|Total||||||||I0,532||
|All income from charitable|||||activities|is unrestricted||||
|4|Other||income|||||||
|||||||||2021|2020|
|||||||||F'000|2'000|
|Job Retention||Scheme||grant income||||||
|5|Expenditure|||on|raising|funds||||
|||||||||2021|2020|
|||||||||R"000|E'000|
|Fund|raising expenses|||||||||
##
||Staff
costs|Depreciation|Other
cost|2021
Total|2020
Total|
|---|---|---|---|---|---|
||R'000|R'000|R'000|R'000|R'000|
|Teaching|5,432||448|5,880|5,730|
|Welfare||||794||
|Premises|286||1,327|1,613||
|Support|||452|1,643|1,584|
|Total|6,700|||9,930||
|2021|2020|
|---|---|
|'2'000|R'000|
|Remuneration
paid|Remuneration
paid|to auditor for:|to auditor for:|
|---|---|---|---|
||statutory|audit||
||other assurance||services|
|Other|governance|costs||
|Total||||
||||2021|2020|
|---|---|---|---|---|
||||8'000|F'000|
|Wages and salaries|||5,426|5,000|
|Social security costs|||522||
|Pension costs —Teachers'|Pension Scheme||270||
|Pension costs - APTIS|||370||
|Pension costs —Notre Dame School Group Pension||Plan|112||
|Total|||||
##
##
##
##
##
##
||||Notes|Unrestricted|Restricted
funds|2020
Total|
|---|---|---|---|---|---|---|
|||||2'000|R'000|R'000|
|Income from:|||||||
|Donations||||20||65|
|Charitable
activities||||9,350||9,350|
|Investments||||28||28|
|Other income||||194||194|
|Total||||9,592|45|9,637|
|Expenditure
on:|||||||
|Raising funds||||||25|
|Charitable
activities||||9,253||9,253|
|Total||||9,253||9,278|
|Net income||||339|20||
|Transfers
between||funds|||||
|Net movement|in funds||||20|359|
|Reconciliation|offunds:||||||
|Total funds brought||forward||10,763||10,790|
|Total funds carried forward||||11,102|47|11,149|
##
|9
Tangible fixed|assets||||
|---|---|---|---|---|
||||Vehicles,||
||Freehold
Land|Freehold
buildings|equipment,
fixtures and|Total|
||||fittings||
||P'000||8"000|P.'000|
|Cost|||||
|At
1 September 2020||||10,511|
|Additions|||||
|Disposals|||(83)|(83)|
|At 31 August 2021||6,468||10„652|
|Dep reel at Ion|||||
|At 1 September 2020|||||
|Disposals|||||
|Charge for the year|||||
|At 31 August 2021||l,561|1,074|2,635|
|Net book value|||||
|At 31 August 2021||4,907||8„017|
|At 31 August 2020|||2,277|8,161|
##
|||2021|2020|
|---|---|---|---|
|||E'000|R'000|
|Cash|on deposit|3,541|2,550|
|11|Debtors|||
|||2021|2020|
|||R'000|2'000|
|Fees|receivable for tuition|28||
|Other|debtors|50||
|Prepayments||||
|Total||203||
|All debtors are due within one year.||||
##
|12|Creditor|s: a|mou|nts
falling|due within o|ne year||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||2'000|E'000|
|Deposits from parents||||||400||
|Trade|creditors|||||||
|Other|taxes and|social|security costs|||149|124|
|Other|creditors|||||||
|Accruals||||||||
|Deferred income||||||171|80|
|Fees|received from parents|||in advance|of term|||
|Lnnn
I ~VM|in n4innnn
II I EAUV CAI I'LrM|nnhnnnn
MMI IMI
I IM||||A/'A
I Cl t||
|Total||||||2,231|1,799|
##
|2021|2020|
|---|---|
|P'000|R'000|
|207||
||||2021|2020|
|---|---|---|---|---|
||||R'000|R'000|
|Within|two|to five years|||
|Within|one|to two years|112||
|||||248|
|Within|one|year|||
|Total||||384|
##
|Summar|y
of movements
in liability||
|---|---|---|
|||P.'000|
|Balance|at 1 September 2020||
|New contracts||105|
|Amounts|used to pay fees|(136)|
|Balance|at 31 August 2021|353|
##
|15
The|fun|ds of|the school|||||
|---|---|---|---|---|---|---|---|
||||31|||Transfers|31|
||||August|Income|Expenditure|between|August|
||||2020|||funds|2021|
||||R'000|R'000|R'000|R'000|R'000|
|Restricted funds||||||||
|Prayer Garden||||||||
|FoND|||||(5)||48|
|Total restricted|funds|||||||
|Unrestricted|funds|||||||
|Fixed assets|||8,161|||(144)|8,017|
|Convent
Lane|repairs||||(28)||148|
|COVID fund|||500||(462)|||
|Future capital|projects||1,786||||3,102|
|Total designated||funds|10,602||(490)|1,119|11,267|
|General
fund|||500|10,554|(9,435)|(1,119)|500|
|Total unrestricted||funds|11,102|10,590|(9,925)||11,767|
|Total funds|||11,149|10,597|(9,930)||11,816|
##
|The funds of|the|school|for the previous|financial ye|ar were as foll|ows:||
|---|---|---|---|---|---|---|---|
||||31|||Transfers|31|
||||August|Income|Expenditure|between|August|
||||2019|||funds|2020|
||||F'000|R'000|P.'000|R'000|R"000|
|Restricted funds||||||||
|Prayer Garden||||||||
|FoND|||||(25)|||
|Total restricted|funds||||(25)|||
|Unrestricted|funds|||||||
|Fixed assets||||||(123)|8,161|
|Convent
Lane|repairs|||||20||
|COVID fund||||||500|500|
|Future capital|projects||1,594|||||
|Total designated||funds|10,013||||10,602|
|General
fund|||750|9,592|(9,253)||500|
|Total unrestricted||funds|10,763||(9,253)||11,102|
|Total funds|||10„790||(9,278)||11,149|
##
|16
Analy
At 31 August|sis
of n
2021, the|et assets be
analysis
of net|tween
funds
assets between|funds|was as follows:||
|---|---|---|---|---|---|---|
|||Fixed
assets|Net current
assets||Long term
liabilities|Total|
|||P.'000|R'000||2'000|P.'000|
|Restricted funds|||||||
|Prayer Garden|||||||
|FoND|||||||
|Unrestricted|funds||||||
|Fixed assets||||||8,017|
|Convent
Lane|repairs|70||||148|
|COVID fund|||||||
|Future capital|projects|3,471|(162)||(207)|3,102|
|General
fund|||500|||500|
||||||(207)|11,767|
|Net assets||11,558|||(207)|11,816|
|At 31 August|2020, the|analysis
of net|assets between|funds|was as follows:||
|||Fixed
assets|Net current
assets||Long term
liabilities|Total|
|||R'000|2'000||2'000|P.'000|
|Restricted funds|||||||
|Prayer Garden|||||||
|FoND|||||||
||||47|||47|
|Unrestricted|funds||||||
|Fixed assets||8,161||||8,
l61|
|Convent
Lane|repairs|||||155|
|COVID fund|||500|||500|
|Future capital|projects|2,395|(361)||(248)|1,786|
|Gel lel al IUI ld|||VUU||||
|||10,711|639||(248)|l 1,102|
|Net assets||10,711|||(248)|11,149|
##
|cancellable
operating
leases:|||
|---|---|---|
||2021|2020|
||P.'000|8"000|
|Not later than one year|164||
|Later than one year and not later than five years|||
##
|2021|2020|
|---|---|
|P.'000|P.'000|
##
##
##
##
##
|21
Reco|nciliatio|n
ofcas|h flows from operating|activities||
|---|---|---|---|---|---|
|||||2021|2020|
|||||R'000|2'000|
|Net income|for the year|||||
|Adjustments|for:|||||
|Depreciation|charges|||||
|Interest from|investments|||||
|(Increase)
/ decrease||in debtors|||30|
|Increase
in creditors||||||
|Net cash provided by operating|||activities|l,401||
|22
Analysis
of||cash and|cash equivalents|||
|||||2021|2020|
|||||8'000|8'000|
|Cash
in hand||||2,493||
|Total cash and cash||equivalents|||2,29S|