2020-08-31-accounts - The Gregg Schools Trust

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TRUSTEES	VJDavies
	RD Hart
	H W Kapma (resigned 22.9.20)
	Ms JLPreston
	Ms SH Sellers
	Ms C A Pulman
	JW Watts
	Ms H Witt
	W A Lane (appointed		22.9.20)
	Ms EJolly (resigned		7.1.20)
	M Pulman (resigned		26.9.19)
COMPANY SECRETARY	Ms CA Pulman
REGISTERED OFFICE	Highland House
	Mayflower Close
	Chandler's Ford
	Eastleigh
	SO53 4AR
REGISTERED COMPANY	03687622 (England		and Wales)
NUMBER
REGISTERED CHARITY	1089055
NUMBER
AUDITORS	Hopper Williams	&	Bell Limited
	Statutory Auditor
	Highland House
	Mayflower Close
	Chandler's Ford
	Eastleigh
	Hampshire
	SO53 4AR
BANKERS	National Westminster		Bank pic
	3Lower Northam	Road
	Hedge End
	Southampton
	Hampshire
	SO30 4PA

OBJECTIVESAND	OBJECTIVESAND	ACTIVITIES
Significant activities
a)	The ongoing	use of the exceptional	new	teaching		block		at The Gregg		School,	housing		Science,	Food
	Technology and English classrooms.
b)	Further investment in staff development through				training			and departmental		re-organisation			at The	Gregg
	School for the	benefit ofstudents' education		and performance.
c)	Continuation	oflinks with Junior Schools		within	the		Maintained		Sector in	order	for them		to benefit	&om
	our facilities.
d)	The achievement of 100'/o of students obtaining					5	or more		Grade 4(C) and		above	GCSE grades,			is
	considered an	excellent performance	for a non-selective				schooL
e)	Bursaries remain in place at the level		of4.4'/o offees

					2020	2019
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes
INCOME FROM
Donations and legacies			367	10,339	10,706	4,622
Charitable activities
School fees receivable			4,105,708		4,105,708	4,213,837
Additional school activities			275,364		275,364	391,958
Other			159,391		159,391	29,948
Investment income			249		249
Other income			13,431		13,431	(45,003)
Total			4,554,510	10,339	4,564,849	4,595,362
EXPENDITURE ON
Charitable activities
School operating costs			3,520,879	19,782	3,540,661	3,511,990
Welfare costs			228,255		228,255	111,623
Transport costs			287,744		287,744	287,690
Premises			643,728		643,728	683,990
Total			4,680,606	19,782	4,700,388	4,595,293
NET INCOME/(EXPENDITURE)			(126,096)	(9,443)	(135,539)	69
RECONCILIATION	OF FUNDS
Total funds brought forward			1,694,849	35,203	1,730,052	1,729,983
TOTAL FUNDS CARRIED FORWARD			1,568,753	25,760	1,594,513	1,730,052

				2020	2019
			Notes
FIXEDASSETS
Tangible assets			13	4,876,101	4,938,166
CURRENT ASSETS
Stocks			14	17,856	21,568
Debtors			15	1,067,628	1,017,232
Cash at bank				662,746	604,397
				1,748,230	1,643,197
CREDITORS
Amounts falling	due within	one year	16	(4,872,584)	(2,914,699)
NET CURRENT ASSETS				(3,124,354)	(1,271,502)
TOTAL ASSETSLESSCURRENT
LIABILITIES				1,751,747	3,666,664
CREDITORS
Amounts falling	due after more than one year		17	(157,234)	(1,936,612)
NET ASSETS				1,594,513	1,730,052
FUNDS
Unrestricted funds				1,568,753	1,694,849
Restricted funds				25,760	35,203
TOTAL FUNDS				1,594,513	1,730,052

				2020	2019
			Notes
Cash flows from operating	activities
Cash generated from operations				(2,810)	32,169
Interest paid				(45,094)	(53,643)
Interest element ofhire purchase payments
paid				(177)
Net cash used in operating	activities			(48,081)	(21,474)
Cash flows from investing	activities
Purchase oftangible fixed assets				(54,310)	(59,901)
Sale oftangible fixed assets				21,085	3,982
Interest received				249
Net cash used in investing	activities			(32,976)	(55,919)
Cash flows from financing	activities
New loans in year				200,000
Bank loan repayments in year				(57,108)	(68,579)
Payment offinance lease obligations				(3,486)	(3,482)
Net cash provided by/(used	in) financing		activities	139,406	(72,061)
Change in cash and cash	equivalents	in
the reporting period				58,349	(149,454)
Cash and cash equivalents	at the
beginning ofthe reporting	period			604,397	753,851
Cash and cash equivalents	at the end	of
the reporting period				662,746	604,397

OPERATING ACTIVITI	ES
				2020	2019
Net (expenditure)/income	for the reporting		period (as per the
Statement ofFinancial Activities)				(135,539)	69
Adjustments for:
Depreciation charges				141,066	146,609
(Profit)/loss on disposal of	fixed	assets		(13,431)	45,003
Interest received				(249)
Interest paid				45,094	53,643
Interest element ofhire purchase		and finance	lease rental payments	177
Decrease in stocks				3,712
Increase in debtors				(50,396)	(143,797)
Increase/(decrease) in creditors				6,756	(69,358)
Net cash (used in)/provided	by	operations		(2,633)	32,169

ANALYSIS OF CHAN	GES IN NET DEBT
		At 1.9.19	Cash flow	At 31.8.20
Net cash
Cash at bank		604,397	58,349	662,746
		604,397	58,349	662,746
Debt
Finance leases		(4,061)	3,486	(575)
Debts falling due within	1 year	(146,554)	(1,844,857)	(1,991,411)
Debts falling due after I	year	(1,701,965)	1,701,965
		(1,852,580)	(139,406)	(1,991,986)
Total		(1,248,183)	(81,057)	(1,329,240)

Freehold	land and buildings	1.43%& 10%straight line	1.43%& 10%straight line
Leasehold	land and buildings	Over the term	ofthe lease
Plant and	machinery	15%straight	line
Fixtures,	fittings and equipment	15%straight	line
Motor vehicles		20% straight	line or over the life ofthe lease

DONATIONS AND LEGACIES
	2020	2019
Donations	10,706	4,622
INVESTMENT INCOME
	2020	2019
Deposit account interest	249

INCOME	F	ROM CHA	RIT	ABLE ACTIVI	TIES
							2020	2019
				School	Additional
				fees	school		Total	Total
				receivable	activities	Other	activities	activities
School fees				4,515,254			4,515,254	4,552,319
Less: scholarships				(127,546)			(127,546)	(135,689)
Less: bursaries				(199,981)			(199,981)	(150,742)
Less: other	discounts			(82,019)			(82,019)	(52,051)
Grants						159,391	159,391	20,652
Learning support					19,148		19,148	19,078
Coach fares					130,690		130,690	187,369
Canteen					115,478		115,478	162,401
Miscellaneous		income			9,531		9,531	23,110
Hire offacilities					517		517	9,296
				4,105,708	275,364	159,391	4,540,463	4,635,743
Grants received, included			in	the above, are as	follows:
							2020	2019
Government		grant - Furlough		scheme			132,733
Hampshire	County Council						26,658	20,652
							159,391	20,652

2020	2019
13,431	(45,003)

CHARI	TABLE	ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 8)	Totals
School operating		costs	3,194,040	346,621	3,540,661
Welfare	costs		205,909	22,346	228,255
Transport	costs		259,573	28,171	287,744
Premises			580,709	63,019	643,728
			4,240,231	460,157	4,700,388
SUPPORT COSTS
			General
			support	Governance
			costs	costs	Totals
School operating		costs	320,800	25,821	346,621
Welfare costs			20,682	1,664	22,346
Transport	costs		26,072	2,099	28,171
Premises			58,325	4,694	63,019
			425,879	34,278	460,157

General support costs
	School
	operating	Welfare	Transport
	costs	costs	costs
Wages	182,296	11,752	14,815
Social security	17,112	1,103	1,391
Pensions	12,141	783	987
Telephone	14,651	945	1,191
Postage and stationery	5,964	385	485
Other costs	88,636	5,714	7,203
	320,800	20,682	26,072

					2020	2019
					Total	Total
				Premises	activities	activities
Wages				33,143	242,006	300,428
Social security				3,111	22,717	25,286
Pensions				2,207	16,118	19,578
Telephone				2,664	19,451	18,682
Postage and		stationery		1,085	7,919	11,812
Other costs				16,115	117,668	164,421
				58,325	425,879	540,207
Governance		costs
				School
				operating	Welfare	Transport
				costs	costs	costs
Auditors'	remuneration			10,442	673	849
Auditors'	remuneration		for non audit work	3,431	221	279
Legal and	professional		fees	11,948	770	971
				25,821	1,664	2,099
					2020	2019
					Total	Total
				Premises	activities	activities
Auditors'	remuneration			1,898	13,862	12,600
Auditors'	remuneration		for non audit work	624	4,555	7,817
Legal and	professional		fees	2,172	15,861	6,812
				4,694	34,278	27,229

			2020	2019
Auditors' remuneration			13,862	12,600
Auditors' remuneration	for non audit	work	4,555	7,817
Depreciation - owned assets			139,325	144,868
Depreciation - assets on	hire purchase	contracts and finance leases	1,741	1,741
Surplus/(deficit) on disposal offixed		assets	(13,431)	45,003
Operating lease charges			165,048	111,119

	2020	2019
RD Hart	5,350
S Sellers	87,334	84,852
	92,684	84,852

STAF	FCOSTS
		2020	2019
Wages	and salaries	3,020,473	2,923,526
Social	security costs	269,257	244,336
Other	pension costs	200,322	189,164
		3,490,052	3,357,026

					FTE	FTE
Teaching					46.9	45.9
Teaching	support				13.0	12.7
Canteen						3.9
Grounds,	maintenance	and admin			17.5	16.9
Drivers and cleaners					12.1	12.5
					89.5	91.9
The average monthly		number ofemployees	during	the year was as follows:
					2020	2019
Teaching					54	53
Teaching	support				23	22
Canteen						7
Grounds,	maintenance	and admin			23	22
Drivers and Cleaners					37	37
					137	141

The num	ber ofemployees whose employee benefits	(excluding employer pension costs) exceeded	660,000 w
		2020	2019
f60,001	- f70,000	2	2
f70,001	- f80,000		1
f80,001	- f90,000

Contributions were made into Pension Schemes for the higher paid employees off15,662 (2019-f15,148).	Contributions were made into Pension Schemes for the higher paid employees off15,662 (2019-f15,148).	Contributions were made into Pension Schemes for the higher paid employees off15,662 (2019-f15,148).	Contributions were made into Pension Schemes for the higher paid employees off15,662 (2019-f15,148).	Contributions were made into Pension Schemes for the higher paid employees off15,662 (2019-f15,148).
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	fund	funds
INCOME	FROM
Donations	and legacies	1,066	3,556	4,622
Charitable	activities
School fees receivable		4,213,837		4,213,837
Additional	school activities	391,958		391,958
Other		29,948		29,948
Other income		(45,003)		(45,003)
Total		4,591,806	3,556	4,595,362

12.	COMPARATIVES	FOR THE STATEMENT OF F	INANCIAL ACTIVITIE	S - continued
			Unrestricted	Restricted	Total
			fund	fund	funds
	Charitable activities
	School operating costs		3,511,990		3,511,990
	Welfare costs		111,623		111,623
	Transport costs		287,690		287,690
	Premises		677,778	6,212	683,990
	Total		4,589,081	6,212	4,595,293
	NET INCOME/(EXPENDITURE)		2,725	(2,656)	69
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	1,692,124	37,859	1,729,983
	TOTAL FUNDS CARRIED FORWARD		1,694,849	35,203	1,730,052
13.	TANGIBLE FIXED	ASSETS
			Freehold	Leasehold
			land and	land and	Plant and
			buildings	buildings	machinery
	COST
	At 1 September 2019		4,807,876	209,405	167,513
	Additions				170
	Disposals
	At 31August 2020		4,807,876	209,405	167,683
	DEPRECIATION
	At 1 September 2019		178,715	138,502	137,608
	Charge for year		47,916	4,887	9,859
	Eliminated on disposal
	At 31 August 2020		226,631	143,389	147,467
	NET BOOK VALUE
	At 31August 2020		4,581,245	66,016	20,216
	At 31 August 2019		4,629,161	70,903	29,905

TANGIBLE FIXEDASSETS - continued
	Fixtures,
	fittings
	and	Motor
	equipment	vehicles	Totals
COST
At 1 September 2019	893,763	217,787	6,296,344
Additions	56,395	30,090	86,655
Disposals		(74,111)	(74,111)
At 31August 2020	950,158	173,766	6,308,888
DEPRECIATION
At 1 September 2019	732 727	170,626	1,358,178
Charge for year	59,148	19,256	141,066
Eliminated on disposal		(66,457)	(66,457)
At 31 August 2020	791,875	123,425	1,432,787
NET BOOK VALUE
At 31 August 2020	158,283	50,341	4,876,101
At 31 August 2019	161,036	47,161	4,938,166

	Motor
	vehicles
COST
At 1 September 2019and 31 August 2020	8,703
DEPRECIATION
At 1 September 2019	3,486
Charge for year	1,741
At 31 August 2020	5,227
NET BOOK VALUE
At 31 August 2020	3,476
At 31 August 2019	5,217

14.	STOCKS
			2020	2019
	Stocks		17,856	21,568
15.	DEBTORS
			2020	2019
	Amounts falling	due within one year:
	Trade debtors		995,341	920,693
	Other debtors			6,013
	VAT		3,324
	Prepayments and accrued income		56,463	78,026
			1,055,128	1,004,732
	Amounts falling	due after more than one year:
	Other debtors		12,500	12,500
	Aggregate amounts		1,067,628	1,017,232
	During the year	anil (2019 - K2,910) ofschool fees were written oft as bad debts.
16.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2020	2019
	Bank loans and overdrafts (see note 18)		1,931,411	86,554
	Other loans (see	note 18)	60,000	60,000
	Hire purchase (see note 19)		575	3,481
	Trade creditors		65,932	129,771
	Social security and other taxes		69,454	67,081
	Accruals and deferred income		132,615	133,047
	Fees invoiced in	advance	1,334,008	1,094,483
	Fees received in	advance	1,278,589	1,340,282
			4,872,584	2,914,699

					2020	2019
Bank loans (see note 18)						1,701,965
Hire purchase	contracts (see note 19)					580
Other creditors						43,549
Fees received in		advance			157,234	190,518
					157,234	1,936,612
LOANS
An analysis of	the maturity			ofloans is given below:
					2020	2019
Amounts falling		due within		one year on demand:
Bank loans					1,931,411	86,554
Other loans					60,000	60,000
					1,991,411	146,554
Amounts falling		between	one and two years:
Bank loans - 1-2years						1,701,965

		Hire purchase	contracts
		2020	2019
Net obligations	repayable:
Within one year		575	3,481
Between one and five years			580
		575	4,061

LEASING A	GREEMENTS	- continued
				Non-cancellable
				operating	leases
				2020	2019
Within one year				121,475	83,721
Between one and five years				293,616	234,457
In more than	five years			3,207	35,631
				418,298	353,809
Leases ofland	and buildings	are subject to periodic rental reviews.
ANALYSIS OFNET ASSETSBETWEEN FUNDS
				2020	2019
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
Fixed assets		4,852,090	24,011	4,876,101	4,938,166
Current assets		1,746,481	1,749	1,748,230	1,643,197
Current liabilities		(4,872,584)		(4,872,584)	(2,914,699)
Long term liabilities		(157,234)		(157,234)	(1,936,612)
		1,568,753	25,760	1,594,513	1,730,052
MOVEMENT IN FUNDS
				Net
				movement	At
			At 1.9.19	in funds	31.8.20
Unrestricted	funds
General fund			1,694,849	(126,096)	1,568,753
Restricted funds
Restricted fund			35,203	(9,443)	25,760
TOTAL FUNDS			1,730,052	(135,539)	1,594,513

Net movement in funds, included	Net movement in funds, included	Net movement in funds, included	in the above	are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds
General fund				4,554,510	(4,680,606)	(126,096)
Restricted funds
Restricted fund				10,339	(19,782)	(9,443)
TOTAL FUNDS				4,564,849	(4,700,388)	(135,539)
Comparatives for movement		in	funds
					Net
					movement	At
				At 1.9.18	in funds	31.8.19
Unrestricted funds
General fund				1,692,124	2,725	1,694,849
Restricted funds
Restricted fund				37,859	(2,656)	35,203
TOTAL FUNDS				1,729,983	69	1 730 052
Comparative net movement	in	funds, included		in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds
General fund				4,591,806	(4,589,081)	2,725
Restricted funds
Restricted fund				3,556	(6,212)	(2,656)
TOTAL FUNDS				4,595,362	(4,595,293)	69

		Net
		movement	At
	At 1.9.18	in funds	31.8.20
Unrestricted funds
General fund	1,692,124	(123,371)	1,568,753
Restricted funds
Restricted fund	37,859	(12,099)	25,760
TOTAL FUNDS	1,729,983	(135,470)	1,594,513

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	9,146,316	(9,269,687)	(123,371)
Restricted funds
Restricted fund	13,895	(25,994)	(12,099)
TOTAL FUNDS	9,160,211	(9,295,681)	(135,470)

		Balance at 1
		September			Balance at31
		2019	Income	Expenditure	August 2020
Library fund		17,514		(3,094)	14,420
Sports facilities fund		3,026		(500)	2,526
Medical Equipment	fund	155		(155)
New Build fund		1,196		(18)	1,178
Furniture Room 1		2,750		(750)	2,000
Wild Life Cameras		2,292		(626)	1,666
Table Tennis Tables		1,270		(573)	697

RESTRICTED FUNDS - continued	RESTRICTED FUNDS - continued
HART Sound System		2,374		(1,619)	755
Gear 4Music		570		(570)
Food Tech Equipment		500		(500)
Pizza Oven		2,906		(2,136)	770
Child development		650		(650)
ICT club			2,394	(2„394)
PSD bean bags and chairs			867	(867)
Guitars for music			600	(600)
BeeKeeping			1,803	(1,803)
Camera for drama			845	(845)
Screen printer for	Art		731	(731)
Library books			500	(500)
Christmas Igloo			848		848
Nativity donation			900		900
Musical			200	(200)
Cedar trees			286	(286)
Lady Swaythling	bench		365	(365)
		35,203	10,339	(19,782)	25,760