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|Report ofthe Governing|Report ofthe Governing|Body|1-8|
|---|---|---|---|
|Independent
Auditor's||report|9-12|
|Principal accounting|policies||13-16|
|Statement
offinancial||activities|17|
|Balance sheet|||18|
|Cash flow statement|||19|
|Notes to the financial|statements||20-28|
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|The Head|Dr SJEssex|||
|---|---|---|---|
|Director ofFinance R|Ms KDennett|||
|Resources||||
|Address|The Pilgrims'|School||
||3 The Close|||
||Winchester|||
||Hampshire|||
||SO23 9LT|||
|Bankers|National
Westminster||Bank pic|
||105High Street|||
||Winchester|||
||Hampshire|||
||SO23 9AW|||
||Lloyds Bank Plc|||
||Black Horse House|||
||Jacobs Yard|||
||London Street|||
||Basingstoke|||
||Hampshire|||
||RG21 7NT|||
|Solicitors|Godwins|||
||12StThomas|Street||
||Winchester|||
||Hampshire|||
||SO23 9HF|||
||Blake Morgan|||
||New Kings Court|||
||Tollgate|||
||Chandler's
Ford|||
||Eastleigh|||
||Hampshire|||
||SO53 3LG|||
|Auditors|Mazars LLP|||
||5+Floor, Merck House|||
||Seldown Lane|||
||Poole|||
||Dorset|||
||BH15 1TW|||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|Funds|
|||Note|2021|2021|2021|2020|
|Incoming resources|||||||
|Income I'rom chari table|activities||||||
|Fees receivable||1|4,675,378||4,675,378|4,681,012|
|Other School income||2|137,716||137,716|227,377|
|Income from generated|funds||||||
|Grants and donations|||11,400|12,500|23,900|7,822|
|Activities forlenerati nIfunds:|||||||
|Hire ofpremises|||1,625||17625|4,856|
|Bank interest receivable|||168|1,811|1,979|4,250|
|Total incoming resources|||4,826,287|14,311|4,840,598|4,925,317|
|Resources expended|||||||
|Charitable
acti vities|||||||
|School operating
costs|||4,922,288|4,513|4,926,801|5,142,841|
|Costs ofgenerating
funds|||||||
|Fundraising
for voluntary|income||37,795||37,795|39,694|
|School financing
costs||5|8,874||87874|10,743|
|Total resources expended||6|4,968,957|4,513|4,973,470|5,193,278|
|Net (outgoing)/incoming|||||||
|resources|||(1427670)|97798|(132,872)|(267,961)|
|Transfers
between
funds|||||||
|Net movement
in funds|for the year||(142,670)|9,798|(132,872)|(267,961)|
|Balances brought
forward|||||||
|at 1 September 2020|||4,124,528|86,698|4,211,226|4,479,187|
|Balances carried forward|||||||
|at 31August 2021|||3,981,858|96,496|4,078,354|4,211,226|
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||||Note|2021|2020|
|---|---|---|---|---|---|
|Fixed assets||||||
|Tangible assets|||8|3,918,454|3,986,772|
|Current assets||||||
|Stocks|||9|3,473|4,846|
|Debtors|||10|1,169,437|1,727,395|
|Cash at bank|and in|hand||174857940|883,100|
|||||2,658,850|2,615,341|
|Creditors: amounts||falling due within one year|11|(2,216,220)|(2,109,761)|
|Net current|assets|||442,630|505,580|
|Total assets|less current liabilities|||4,361,084|4,492,352|
|Creditors: amounts||falling due after more than one year|12|(282,730)|(281,126)|
|Net assets||||4,078,354|4,211,226|
|Funds||||||
|Unrestricted|funds:|General reserve|13|3,981,858|4,124,528|
|Restricted funds|||14|96,496|86,698|
|||||4,078,354|4,211,226|
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|||||2021|2020|
|---|---|---|---|---|---|
|Cash flows from operating|||activities|||
|Net movement
in funds||||(132,872)|(267,961)|
|Adjustments
for:||||||
|Depreciation oftangible|assets|||192,501|187,576|
|Interest payable||||47432|7,872|
|Interest receivable||||(168)|(4,250)|
|Decrease/(increase)
in debtors||||557,954|(122,663)|
|Decrease in stocks||||17373|1,773|
|Increase/(Decrease)
in creditors||||99,363|(368,445)|
|Profit on sale offixed assets||||(400)||
|Net cash (absorbed by)/generated||||722,183|(566,098)|
|from operating
activities||||||
|Cash flows from investing||activities||||
|Purchase oftangible assets||||(124,183)|(140,895)|
|Interest received||||168|4,250|
|Proceeds from sale offixed||assets||400||
|Net cash outflow from investing
activities||||(123,615)|(136,645)|
|Cash flows from financing|||activities|||
|Repayment
ofbank loans||||(41,296)|(162,887)|
|New loan raised||||50,000||
|Interest paid||||(4,432)|(7,872)|
|Net cash outflow from financing||||||
|activities||||4,272|(170,759)|
|Net increase/(decrease)||in|cash at bank|||
|and in hand||||602,840|(873,502)|
|Cash at bank and in hand at the beginning||||||
|ofyear||||883,100|1,756,602|
|Cash at bank and in hand||||1,485,940|883,100|
|Net cash||||||
|Cash at bank and in hand||||1,485,940|883,100|
|Bank loans due within one||year||(172,215)|(165,114)|
|Bank loans due after one year||||(282,730)|(281,126)|
|||||1,030,995|436,860|
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|||||2021|2020|
|---|---|---|---|---|---|
|Dayboys||||2,478,824|273607996|
|Boarders||||1,091,382|1,272,434|
|Pre-Prep||||3217070|4027000|
|Choristers||||507,617|445,105|
|Quiristers||||390,987|337,288|
|Sundry fee income||||147625|17220|
|Gross fees receivable||||4,804,505|478197043|
|Less:||||||
|Bursaries||||(134,434)|(143,115)|
|||||4,670,071|4,675,928|
|Disbursements|(net)|||730|324|
|Fees remission|scheme commission|||64|76|
|||||4,670,865|4,676,328|
|Add: Bursaries|from restricted||funds|4,513|4,684|
|||||4,675,378|4,681,012|
|Other School|income|||||
|||||2021|2020|
|Coronavirus Job Retention||Scheme||60,912|182,857|
|Learning
support||||17,063|16,860|
|Holiday sports|courses|||10,260|8,655|
|Choir time and|expenses recharged|||7,666|7,050|
|Registration
fees||||11,696|8,105|
|Deposits forfeited||||2,000|1,850|
|Music facility charge||||1,205|301|
|Sundry income||||26,914|1,699|
|||||137,716|227,377|
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|Staff costs||||
|---|---|---|---|
|||2021|2020|
|Wages and salaries||2,668,806|2,742,191|
|Social security costs||256,124|269,858|
|Pension contributions||399,960|409,243|
|||3,324,890|3,421,292|
|The average number ofemployees|in the year was:|||
|||2021|2020|
|||Number|Number|
|Teaching||54|58|
|Domestic/welfare||36|35|
|Administration||10|10|
|||100|103|
||2021|2020|
|---|---|---|
||Number|Number|
|$60,001to $70,000|1|1|
|$70,001 to $80,000|1||
|$90,001to $100,000|1||
|$100,001to $110,000|||
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||||||2021|2020|
|---|---|---|---|---|---|---|
|Auditors'|remuneration:||statutory|audit services|107527|9,702|
|Other professional||fees|||45,438|138,224|
|Liability|insurance||||117602|10,997|
||||||67,567|158,923|
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|School financing|costs||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|Bank loan interest|||||47432|7,872|
|Other interest and|similar charges|payable|||4,442|2,871|
||||||87874|10,743|
|Analysis oftotal|resources|expended|||||
||Staffcosts|Other|2021|Staff costs|Other|2020|
|Charitable|||||||
|activities|||||||
|School|||||||
|operating costs:|||||||
|Teaching
costs|2,384,293|148,720|2,533,013|2,468,073|186,237|2,654,310|
|Welfare costs|377,740|2557506|6337246|366,888|251,861|618,749|
|Premises|232,647|1,039,707|1,272,354|230,063|895,580|1,125,643|
|Support costs
ofschooling|3307210|85,898|416,108|356,268|224,152|580,420|
|Grants awards
and prizes||4,513|4,513||4,796|4,796|
|Governance
costs||67,567|67,567||158,923|158,923|
||3,324,890|1,601,911|4,926,801|3,421,292|1,721,549|5,142,841|
|Costs of|||||||
|generating|||||||
|funds|||||||
|Fundraising
costs||37~795|37~795||39,694|39,694|
|Finance costs||8,874|8,874||10,743|10,743|
||3,324,890|1,648,580|4,973,470|3,421,292|1,771,986|5,193,278|
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|Net incoming resources|Net incoming resources|Net incoming resources|||
|---|---|---|---|---|
|This is stated after charging:|||2021|2020|
|Costs of|Coronavirus|pandemic|19,730|21,274|
|Profit on|sale offixed|assets|400||
|Depreciation oftangible
fixed assets|||192,501|187,576|
|Auditors|remuneration|—audit services|10,527|9,702|
|Operating|lease rentals|—land and btnldings|2107065|209,711|
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|Tangible fixed assets||||||
|---|---|---|---|---|---|
|||Long||||
||School|leasehold||Motor||
||buildings|property|Equipment|vehicles|Total|
|Cost||||||
|At 1 September 2020|4,937,287|50,930|1,134,334|70,335|6,192,886|
|Additions|||113,881|10,302|124,183|
|Disposals||||(11,456)|(11,456)|
|At 31August 2021|4,937,287|50,930|1,248,215|69,181|6,305,613|
|Depreciation||||||
|At 1 September 2020|1,408,673||730,706|66,735|2,206,114|
|Charge for the year|102,002||86,555|3,944|192,501|
|On disposals||||(11,456)|(11,456)|
|At 31August 2021|1,510,675||817,261|59,223|2,387,159|
|Net book value at||||||
|31August 2021|3,426,612|50,930|430,954|9,958|3,918,454|
|Net book value at||||||
|31August 2020|3,528,614|50,930|403,628|3,600|3,986,772|
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|---|---|---|---|---|---|---|---|
|10|Debtors|||||||
|||||||2021|2020|
||Fees|||||1,119,814|1,647,008|
||Others|||||49,623|80,387|
|||||||1,169,437|1,727,395|
|11|Creditors: amounts
falling|||due within one year||||
|||||||2021|2020|
||Bank loan|||||165,548|165,114|
||Bounce Backloan|||||6,667||
||Amounts
owing to|suppliers||||48,100|17,165|
||Payroll taxes and deductions|||||244|70,138|
||Fees invoiced in advance|||||176377260|1,521,924|
||Pupil deposits|||||132,130|124,558|
||Other creditors|||||637674|43,822|
||Accruals|||||162,597|167,040|
|||||||2,216,220|2,109,761|
||Analysis of deferred income:|||||||
|||||||2021|2020|
||Deferied income at 1 September|||2020||1,521,924|1,671,100|
||Resources deferred|during|the year|||176377260|1,521,924|
||Amounts
released from previous|||years||(1,521,924)|(1,671,100)|
||Deferred income at 31August 2021|||||176377260|1,521,924|
|12|Creditors: amounts
falling|||due after more than one year||||
|||||||2021|2020|
||Bank loan|||||239,397|281,126|
||Bounce Backloan|||||43,333||
|||||||282,730|281,126|
||Included
within
the|above are amounts|||falling due as follow. s:|||
|||||||2021|2020|
||Bank loans|||||||
||Between one and two years|||||172,215|166,848|
||Between two and five years|||||1077182|114,278|
||Over five years|||||37333||
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||General|
|---|---|
||reserve|
|At 1 September 2020|4,124,528|
|Incoming resources|4,826,287|
|Resources expended|(4,968,957)|
|At 31August 2021|379817858|
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|Restricted funds||||
|---|---|---|---|
||The Gavin Roynon|||
||Chorister Bursary|Prizes||
||Fund|Fund|Total|
|At 1 September 2020|84,726|1,972|86,698|
|Incoming resources||||
|— Donations|12,500||12,500|
|— Interest received|1,811||1,811|
|Resources||||
|expended||||
|— Bursaries and prizes|(4,513)||4,513|
|At 31August 2021|94,524|17972|967496|
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||Tangible|||||
|---|---|---|---|---|---|
||fixed|Current|Current|Long-term||
||assets|assets|liabilities|liabilities|Total|
|General fund|3,918,454|2,562,354|(2,216,220)|(282,730)|3,981,858|
|Restricted funds||96,496|||96,496|
||3,918,454|2,658,850|(2,216,220)|(282,730)|4,078,354|
|Prior year||||||
||Tangible|||||
||fixed|Current|Current|Long-term||
||assets|assets|liabilities|liabilities|Total|
|General fund|3,986,772|2,528,643|(2,109,761)|(281,126)|4,124,528|
|Restricted funds||86,698|||86,698|
||3,986,772|2,615,341|(2,109,761)|(281,126)|4,211,226|
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|||Land and|buildings|
|---|---|---|---|
|||2021|2020|
|Non-cancellable|lease commitments:|||
|Within
1 year||181,990|208,465|
|Between 2 and 5 years||668,220|672,235|
|After more than 5 years||23,400|178,425|
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