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|---|---|---|---|
|Administrative|Oetails|||
|Report ofthe|Trustees||2 to 6|
|Report ofthe|Independent|Auditors|7to 9|
|Statement of|Financial Activities||10|
|Balance Sheet||||
|Statement of|Cash Flows||12|
|Notes to the Financial Statements|||13to 18|
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|Statement ofFinancial Activities for the Year Ended 31Au|Statement ofFinancial Activities for the Year Ended 31Au|ust 2021||
|---|---|---|---|
|||31.8.21|31.8.20|
||Notes|Total Funds|Total Funds|
|||E|E|
|INCOMING
RESOURCES||||
|Incoming resources from||||
|generated
funds||||
|Activities for generating
funds||1,002,642|1,032,339|
|RESOURCES EXPENDED||||
|Charitable
activities||||
|Teaching costs and school expenses|3/8|731,334|789,179|
|Premises costs||61,870|63,927|
|Management
and administration|3/4|54,092|57,506|
|Governance
costs|5|7,099|7,558|
|Other resources expended||101,184|101,071|
|Total resources expended||955,579|1,019,241|
|NET INCOMING/OUTGOING||||
|RESOURCES BEFORE REVALUATION||47,063|13,098|
|Unrealised
surplus
on revaluation||||
|offreehold
property||||
|NET INCOMING||||
|RESOURCES AFTER REVALUATION||47,063|13,098|
|RECONCILIATION
OF FUNDS||||
|Total funds brought
forward||1,846,954|1,833,856|
|TOTAL FUNDS CARRIED FORWARD||1,894,017|1,846,954|
##
|Balance Sheet as at|31Au ust|2021||||
|---|---|---|---|---|---|
|||||31.08.21|31.08.20|
||||Note|||
|FIXEDASSETS||||||
|Tangible Assets||||1,866,260|1,867,812|
|CURRENT ASSETS||||||
|Debtors|||10|23,898|25,898|
|Cash at Bank and on hand||||459,428|320,746|
|Total Current Assets||||483,326|346,644|
|CREDITORS||||||
|Amounts
falling due within one year|||11|(286,029)|(191,471)|
|Loans|||14|||
|NET CURRENT (LIABILITIES)/ ASSETS||||197,297|155,173|
|TOTAL ASSETS LESSCURRENT||LIABILITIES||2,063,558|2,022,985|
|CREDITORS||||||
|Amounts
falling due after more than one year||||||
|Loans||||(169,541)|(176,031)|
|NET ASSETS||||1,594,017|1,846I954|
|FUNDS||||||
|Unrestricted
funds|||13|1,594,017|1,546,954|
|Freehold Property|Revaluation|Reserve|9|300,000|300,000|
|TOTAL FUNDS||||1,894,017|1,846,954|
##
|||||||Notes|Notes|31.08.21|31.08.20|
|---|---|---|---|---|---|---|---|---|---|
|Net cash generated|from|operating||activities|||15|173,120|67,677|
|Cash flows from investing||activities||||||||
|Interest income||||||||||
|Purchase oftangible|fixed|assets||||||(27,948)|(41,092)|
|Disposals oftangible|fixed|assets||||||||
|Cash used in investing
activities||||||||(27,948)|(41,092)|
|Cash outflows from|financing
activities|||||||||
|(Decrease)/ Increase|in loans|||||||(6,490)|34,477|
|Cash (spent on)/generated||from|financing|||activities||(6,490)|34,477|
|Increase in cash and|cash|equivalents|||in the year|||138,682|61,062|
|Cash and cash equivalents||at the|beginning|||ofthe|year|320,746|259,684|
|Total cash and cash|equivalents||at|the|end|ofthe year||459,428|320,746|
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|Tangible fixed assets|||||
|---|---|---|---|---|
|Depreciation
is provided
at the following|annual|rates in|order to write off|each asset over its|
|estimated
useful life.|||||
|Equipment,
fixtures and fittings|||20%on a reducing|balance basis|
|ITequipment|||33%on a reducing|balance basis|
|Astroturf,
Portacabin,
Motor Vehicles|||20%on a straight-line
basis||
|Items costing less than E250are written|off as an|expense as required.
Buildings are|||
|recorded at market value and therefore|not depreciated.||||
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|2.|ACTIVITIES FOR GENERATING
FUNDS|ACTIVITIES FOR GENERATING
FUNDS|ACTIVITIES FOR GENERATING
FUNDS|ACTIVITIES FOR GENERATING
FUNDS|||||
|---|---|---|---|---|---|---|---|---|
||||||||31.8.21|31.8.20|
||||||||E|E|
||School fees receivable||||||897,956|941,020|
||Grants and donations||||||7,526|1,290|
||Trading turnover|catering|||||82,156|77,758|
||Other income||||||15,004|12,271|
||||||||1,002,642|1,032,339|
|3.|CHARITABLE ACTIVITIES||COSTS||||||
|||||||Direct costs|Support costs|Totals|
||||||||(See note 4)||
|||||||f|E|E|
||Teaching costs and school expenses|||||731,334||731,334|
||Premises costs|||||61,870||61,870|
||Management
and|administration|||||54,092|54,092|
|||||||793,204|54,092|847,296|
|4.|SUPPORT COSTS||||||||
||||||||31.08.21|31.08.20|
||Management
and|administration|||||54,092|57,056|
|S.|GOVERNANCE
COSTS||||||||
||||||||31.8.21|31.8.20|
||Auditors'
Fees||||||4,000|4,000|
||Other costs||||||3099|3558|
||Total||||||7,099|7,558|
||NET INCOMING/(OUTGOING)|||RESOURCES|||||
||Net resources are stated||after|charging:|||||
||||||||31.8.21|31.8.20|
||||||||f||
||Audit fees, accountancy||and inspection||costs||7,099|7,558|
||Depreciation —owned assets||||||29499|30225|
||Total||||||36,598|37,783|
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|STAFF COSTS||||
|---|---|---|---|
|||31.8.21|31.8.20|
|||E|E|
|Wages and salaries||584,090|595,497|
|Social security costs||45,892|55,885|
|Other pension costs||60,657|94,107|
|Other Staff Costs||4,691|5,361|
|||695,330|750,850|
|||31.8.21|31.8.20|
|Teaching||19|21|
|Administration||4|4|
|Facilities||1|1|
|||24|26|
|TANGIBLE FIXEDASSETS||||
||Freehold|Other||
||Property||Totals|
||E||E|
|COST||||
|At 1September 2020|1,800,000|318,141|2,118,141|
|Additions||27,948|27,948|
|At 31August 2021|~1800000|346089|~2126089|
|DEPRECIATION||||
|At 1September 2020||250,329|250,329|
|Charge for year||29,499|29,499|
|At 31August 2021||279,828|279,828|
|NET BOOK VALUE||||
|At31August 2021|1,800,000|66,260|1,866,260|
|At 31August 2020|1,800,000|67,812|1,867,812|
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|DEBTORS|||
|---|---|---|
||31.8.21|31.8.20|
||f|E|
|Fees|531|7,340|
|Bad Debt Provision|||
|Total Net Fee Debtors|531|7,340|
|P repayments|21,048|18,558|
|Other debtors|2.319||
||23,898|25,898|
##
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||31.8.21|31.8.20|
|---|---|---|
|||E|
|Trade creditors|30,737|30,924|
|Social Security Costs and Taxes|20,525|19,967|
|Accrued expenses|6,686|4,000|
|Feesin advance|160,062|76,942|
|End ofTerm Deposits|58,800|43,200|
|Other creditors|9,219|16,438|
|Total|286,029|191,471|
##
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|12.|MOVEMENT|MOVEMENT|IN|DEFERRED INCOME|DEFERRED INCOME|DEFERRED INCOME|DEFERRED INCOME|DEFERRED INCOME||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||Fees in advance|||||||||31.8.21|31.8.20|
|||||||||||E|E|
||Amounts|brought|||forward|||||76,942|78,341|
||Amounts|paid|in|advance||this|year|||160,062|76,942|
||Amounts|released||||||||~76942|~78341|
||Amounts|carried|||forward|||||160,062|76,942|
|13,|MOVEMENT||IN|FUNDS||||||||
|||||||||||Net movement||
||||||||||At 1.9.20|in funds|At 31.8.21|
||||||||||f|E|E|
||General|fund|unrestricted||||||1,546,954|47,063|1,594,017|
||Freehold|Property|||Revaluation||Reserve||300,000||300,000|
||Total Funds||||||||1,846,954|47,063|1,894,017|
||Net movement|||in|funds,|included||in the above are as follows:||||
||||||||||Incoming|Resources|Movement|
||||||||||resources|expended|in funds|
||||||||||E|E||
||Unrestricted||funds|||||||||
||General|fund|||||||1002 642|955 579|47063|
||TOTAL FUNDS||||||||1,002,642|(955,579)|47,063|
##
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|OW FROM OPERATING A|CTIVI|TIES|||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|E|
|Net movement
in funds|||||47,063|13,098|
|Add back depreciation
charge|||||29,499|30,225|
|Deduct interest income shown||in investing||activities|||
|Deduct unrealised
surplus|on revaluation|||offreehold|||
|property|||||||
|(Increase)/ decrease
in debtors|||||2,000|15,051|
|Increase
in creditors|||||94,558|9,303|
|Net cash generated
from|operating||activities||173,120|67,677|