##
##
##
|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|||||||||||||
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||||||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)|
##
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##
##
|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|
##
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##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|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)|
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|||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|
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|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|
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