Charity Registration No. 1092152
Company Registration No. 04158590 {England and Wales)
INAURA SCHOOL
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Lentells
Chartered Certified Accounianis

INAURA SCHOOL
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs Sara Clay
Mrs Julia Gibbs
Mrs Tessa Munt
MrAndrew Wamer
MrsAmanda Hannah
(Appointed 1 November
20211
(Appointed 1 November
2021)
MrA Bradley
Charity nurnber
1092152
Company number
04158590
Registered office
McKJr View
Burrowbridge
Bridgwaler
Somerset
United Kingdom
TA7 ORB
Auditor
Lentells Limited
Ash House
Cook Way
Bindon Road
Taunton
Somerset
TA2 6BJ

INAURA SCHOOL
CONTENTS
Page
Trustees. report
Slalemenl of trustees. responsibilities
Independent auditorfs report
Statement of financial actiwbes
10
Balan￿ sheet
11
Statement of Cash flows
12
Notes to the financial statements
13-21

INAURA SCHOOL
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2021
The trustees present their annual report and financial statements for the year ended 31 August 2021.
The financial slalements have been prepared in ac(x)rdance with the accounting policies set out in note 2 to the
financial ststements and comply with the charitsble compan￿$ memorandum and articles of association, the
Companies Act 2006 and "Accounting and ReFM)rting by Charities.. Statement of Recommended Practice
applicable to ¢harilies preparing their a¢￿unt$ in accordance with the Financial Retx)rting Standard applicable in
the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191".
Objectives and activities
Inaura Sch(x)l is an independent, co-educational SEND school for pupils who have cornplex educational, social,
emotional and mentsl health needs.
The school has three education leaming bases located in the county of Somerset. We provide student
educational day placements for Somerset local authority and the surrounding local authorities including Bath and
Northeast Somerset, Bristol, Dorset, North Somerset and Gloucestershire. Our Key Stage 2-3 learning ￿ntre is
located in Wedmore while our Outdoor Leaming Centre and Forest School are located nearby in the Westhay
Moor Nature Reserve. Our Key Stage 3, 4 and 5 leaming base is located in Burrowbridge and we are actively
seeking to acquire another Key Stage 3, 4 and 5 sile in the region.
All of our students have Eduration Health and Care Plans and a￿ pla¢ed with us through Iheir local authority
SEND departments. We work with students who have encountered challenges in mainstream, pupil referral units
and other special school setb'ngs. Many of our students have eXperien￿d failure in multiple educational
settings. That is why we do things a little dwfferently.
Our approach encompasses a relational and non-c4)ercive philosophy for teaching and leaming. This philosophy
focuses on building trust and systematically removing the barriers that pupils encountered in their previous
learning journeys.
The aim of Inaura School is lo..
Re-engage our pupils irb education
Fa¢ilitste experiences of SUC￿$$
Raise self-esteem
Raise self-awareness
Enable our young people to realise Independen￿ in their own lrfe
Our philosophy is rooted in the belief that every individual wll leam when presented with the right conditions.
Our goal is to help sludents enjoy leaming again. This 360-degree learner￿nIred approach focuses on the
Head. Heart. Hands and Home.
Head - Promoting academic leaming and the gaining of qualifications to enable Choi￿ and social mobility-
Heart - Promoting emotional resilience, relationship building. higher self*steem and self-awareness to facilitate
experiences of success.
Hands- Promoti'ng hands on activities that are flexible. practical and proactive rather than 'sil and gel, lecture
style learning.
Home- Promoting quality homelschool relationships through effective communication and wllaboration with
parentlcarers that closes the loop between the expectations of home and school.

INAURA SCHOOL
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
Our Ethos
The school ethos is based on compassion, equality. openness and honesty. Inaura's highest priority is lo keep
our students safe. healthy, happy and inspire them to over(x)me personal obslacles that prevent them from
learning.
What we belleve at Inaura School
We believe all young people are able and genuinely want to leam. This wll only occur rf we remove the barriers
that are holding them back from engaging with school and assist Ihem in overcoming past, present and future
challenges. We will never enable leamt helplessness. We will empower students lo leam the skills that will
enable them to confront life's obstades with confidence, poise and resilience.
In+aura - Our name means 'radIan￿ piercing the darkness within..
The school's objectives are..
Improve the repLrtalion of the school as a leader in innovative teaching and leaming for SENDISEMH
students
Build partnerships with other SENDISEMH schools in the region
Improve the school's public profile while marketing the Sch￿I.S unique selling points
Build partnerships with various philanlhropical organizations and trusts willing to support the school's
continued growth while providing additior)al financial stability
The Relational Approach
When using the relational approach. we look for opportunities to ueate positive conditions allowing us to invite
the student Iwilhoul coercion or conditional slalementsl lo do what we are asking them to do. The challenging
situation provides a way to build stronger relationships through tnjst and understanding. We want students to be
safe. have fun and engage in their leaming. Sometimes we will not be able to give students what they want but
we worf( very hard to ensure that we give them what they need.
How does Inaura School do this?
Using non-coercive techniques
Applying resloraty've justice appnM¢hes
Building relationships that encourage change and enable personal empowerment
Reiterating the mantra - Be safe.. Have fvn.. Engage in your leaming
We believe that this approach combined with our 1=1 student to teacher ratio and small group settings are what
make Inaura unique amongst other schools working wth SENDISEMH young people who would otherwise be
disengaged from the learning pro￿sS.
A¢hi9vemenls and performance
Financial review
The school business is viable and independent professionals have approved our financial management plans.
The school has made a surplus this year of £15,773 and has mel all the annual budget figures. The school no
longer needs to secure short-term loans to assist with the cash 11ow difficulties that occurred previously and has
successfully mitigated those periods.
The school has continued to take enomious steps lo consolidate the overall performan￿ registered on the 14th
10 16th January 2020 Ofsted inspection Whe￿ the sch¢)ol was rated as Good.
We recently decommissioned our East Huntspill site and have been actively searching for a new location that
would allow us to expand capacity while upgrading our facility and offerings to the students. We have placed a
bid on a suitable location an¢J await the results lo see if we are successful.

INAURA SCHOOL
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
Principal funding sources
All income this year has come from local authority referrals to the school. Services have been provided lo five
local authorities this year, but the majority of referrals come from Bath and North East Somerset, North
Somersel, Somerset, Bristol and GIou￿Ster Counuls. We will continue lo promote our school to other local
aulhorilies.
Fundraising
The school was SUC￿sS￿l in receiving grant lunding to assisl with moving and developing a new school
prernises in Wedmore lo the sum of £25,000. We are seeking to apply for further funding for the Outdoor
Leaming Centre and Forest School provision in 2022 and 2023.
Investment and reserves policy
The school continues to be remunerated on a four-month cycle in advan￿, so there is a 'dynamic reserve,,
which reduces lo a minimum every four months. We will need to continue to apply our risk management policy
lo our premises portfolio and staffing levels each year. The school has opened a business savings account with
the Nationwide Building Society where all reserves will be held_
Principal risks and uncertainties
The trustees have assessed the major risks to which the charitable oL)mpany is exposed, and are satisfied that
systems are in Pla￿ to mitigate exposure to the major risks.
Stwcture. governance and management
Governing document
Inaura Sch￿1 is a company limited by guarantee and a registered chartty number 1092152. 11 was incorporated
on 12 February 2001 and its memorandum and articles of asswation have been amended by special resolutions
dated 11 May 2002, 3 March 2007, 28 February 2009. 23 June 2020 and 8 October 2020. The ￿MpanY was
registered as a charity on 22 May 2002.
Signatories to the memorandum and arbcles are liable up to a maximum of £10 in the event of dissolution.
The trustees, who are also the directors for the purpose of company law. and who seNed during the year and up
lo the dale of signature of the financial statements were=
Mrs Sara Clay
Mrs Julia Gibbs
Mrs Tessa Munl
Mr Andrew Warner
MrsAmanda Hannah
MrA Bradley
{Appointed 1 November 2021)
{Appointed 1 November 2021)

INAURA SCHOOL
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
Recruitmant and appointment of new twustses 2021-2022
Inaura's Trustees are all directors of the company limited by guarantee. In accordance with its articles of
association two Trustees resign each year in rolation and for the last five years have been re-elected
immediately. Inaura has benefited from a loyal and Committed Trustee group. Trustees give their time voluntsrily
and no expenses were claimed durir)g the year. The trustees have had due regard lo the Charity Commission's
guidance on public benefit.
The Trustees are all professionals with substsntial experience in business, Iherapeulic, social and educational
work. Trustees meet for a regular lermly meeting, with a fourth optional meeting on a floating dale lo coincide
with an annual Charity public event. This appears to be a sUC￿Sfi11 model and will be continued.
Board of Govornors
The board of governors are responsible for working with the ￿h0o1 lo ensure that il delivers the best possible
edLJcation for present and future PLJpils. This includes best practi￿ in appointing and managing staff as well as
ensuring that child protection and safeguarding remain the school's first priority. Together with the Head Teacher,
who is responsible for the day-to-day management. they set Ihe school's aims, policies and the overall strategy.
The board of govemors are responsible for ensuring the efficient and effective monitoring of the school's
finances. The board meets six times per year. Since 2017, the school has appointed six new governors and four
governors have resigned.
Organisational structure for 2021-2022
The school has a Head Teacher and Deputy Head Teacher who report to the Board of Govemors. The school's
senior leadership team consists of the Head Teacher, Deputy Head Teacher, Designated Safeguarding Lead,
SENDCO, Business Manager and Curriculum Lead.
The school has four middle level managerrteachers. four administrators, a finance assistsnl, three specialist
teachers, a literacy tutor. a music therapist. sensory integration therapist and iwenty-four learning support
workers and ancillary stsff.
Trustees recognise that as the schcKJl develops, their responsibilities need lo be fully understood and &n8¢led
and make use of the Charity Commission's extensive guide booklets and the Department for Education's
Governance Handb￿)k lo referen￿ the correct approach lo any unfamiliar g0Veman￿ issues. The school is a
member of the The Key for Govemors who provide information. advice, guidan￿, research and training for
governing boards.
Audltor
In a¢¢ordan¢e with the wmpany's articles, a resolubon proposing that Lentells Limited be reappointed as auditor
of the company will be put at a General Meelirbg.
The trustees. report was approved by the Board of Trustees.
Signed on la1￿ @ 10.23
MrAndrew Warner
Trustee
Dale..

INAURA SCHOOL
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2021
The trustees, who are also the directors of Inaura Sch(M)I for the purFK)se of company law, are responsible for
preparing the Trustees, Report and the financial slalements in accordance with applicable law and United
Kingdom Accounbng Standards (United Kingdom GenerallyAccepted Accounting Practice).
Company Law requires the trustees to prepare financial statemer)ts for each financial year which give a true and
fair view of the slate of affairs of the charitsble company and of the incoming reSoUr￿S and application of
resources. including the income and expenditure. of the charitable company for that year.
In preparing these financial slalements. the trustees are required to..
select 5uilable accounting policies and then apply them consistently-
observe the method5 and principles in the Charities SORP-
make judgements and eslimales that are reasonable and prudent-
slate whether applicable UK Accounting Standards have been followed, subject lo any material departures
disclosed and explained in the finanual statements.. and
prepare the finanoal statements on the going concem basis unless it is inappropriate to presume that the
charitable company will contsnue in operation.
The Iruslees are responsible for keeping adequate a¢¢ounting records that dI￿ose with reasonable ac¢ura¢y at
any time the financial position of the charitable company and enable them lo ensure that the financial slalemenls
Comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
Company and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities.

INAURA SCHOOL
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF INAURA SCHOOL
Opinion
We have audited the financial statements of Inaura Schwl {the 'charitable company'l for the year ended 31
August 2021 which comprise the statement of financial activits"es. the balance sheet, the slalement of cash flows
and the notes lo Ihe financial statements. including significant accounting policies_ The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Stsndards, including FRS 102 "The Financial Reporbng Stsndard applicable in the UK and Republic of
Ireland" Iuniled Kingdom Generally AC￿pIed Accounting Praclicel.
In our opinion, the financial statements=
give a true and fair view of the slate of the charitable compan￿$ affairs as al 31 August 2021 and of its
incoming resour¢es and application of resources. for the year then ended",
have been propedy prepared in accordance Wbth United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in ac￿rdan￿ with the wuirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ wlh lnternab.onal Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are fijrther described in the Audilorfs responsibilities for the audit
of the financiel slalements section of our report. We are independent of the charitsble company in accordan
with the ethical requirements thal are relevant to our audit of the financial statements in the UK, including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan￿ with these
requirements. We believe that the audil evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the tnjstees. use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfom)ed. we have not identified any material vncertainlies relating lo events or
conditions that, individually or collectively, may cast signthcant doubt on the charitable company's ability to
conlinue as a going concern for a period of at least Iwelve months from when the financial statements are
aulhorised for issue.
Our responsibilities and the responsibilities of the trustee5 bwth respect to going concem are described in the
relevant sections of this rerM)rt.
Other Infomiatlon
The other information comprises the infomation included in the annual report other than the financial slalemenls
and our auditor's report thereon. The trustees are responsible for the other infomation contained within the
annual ￿pOrt. Our opinion on the financial ststements does not cover the other information and we do not
express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in
doing so. consider whether the other infom)ation is malerially inconsistent with the financial statements or our
knowledge obtained in the course of the audit. or otherwise appears to be materially misstated. If we identify
such material inconsislen¢ies or apparent material misstslements. we are required to determine whether this
gives rise lo a material misslalement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a malerial misstslement of this other information, we are required lo report
that fact.
We have nothing to report in this regard.

INAURA SCHOOL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF INAURA SCHOOL
Matters on which wo are roquired to report by exception
We have nothing to report in respect of the following matlers in relation to which the Charities {Accounts and
Reports) Regulations 2008 require us to report to you rf, in our opinion..
the infomation given in the financial statements is in(x)nsislent in any material respect with the Iruslees,
report., or
sufficient accounting records have not been kept., or
the financial ststements are not in agreement with the a¢counting records.. or
we have not received all the information and explanations we requi￿ for our audit.
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of
the charitsble company for the purpose of company law, are responsible for the preparation of the financial
slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the trustees
detemine is necessary to enable Ihe p￿paratIOn of financial ststements thal are free from material
misslalement, whether due to fraud or error. In preparing the financial stalemenls, the tru51ees are responsible
for assessing the chariiable company's abilily tr> continue as a going cOn￿rn, disclosing, as applicable, malters
related lo going concem and using the going con￿￿ basis of accounting unless the trustees either intend to
liquidate the charitable company or to cease operations. or have no realistic alternative but to do so.
Auditor's resF>onsibilities for the audit of the financial ststements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are lo obtsin reasonable assurance about whether Ihe finanual ststements as a whole are free
from material misstatement, whether due lo fraud or e￿Or. and to issue an auditorfs report that includes our
opinion. Reasonable assurance is a high level of assuran￿ but is not a guarantee thal an audit conducted in
accordan￿ with ISAS IUKI will always detect a material misstatement when tt exi51s. Misslatemenls can arise
from fraud or eThor and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the ec4)nomic deusions of usets taken on the basis of these financial stslemenls.
Irregularities, including fraud, are instances of non-compliance wth laws and regulats"ons. We design procedures
in line with our responsibilities, outlined at)ove. to detect material misstalemenls in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting i￿egUla￿lies, including fraud, is
detailed below.

INAURA SCHOOL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF INAURA SCHOOL
As part of our audit planning we obtsined an understsnding of the legal and regulatory frameworf( that is
applicable to the entity and the industrylsector in which it operates to identify the key laws and regulations
affecting the entity- As part of this assessment prO￿sS we discussed with management the laws and regLJlations
applicable lo the company, review other communications and considered findings frown previous audits.
The key laws and regulations we identified were the Health and Safety al Work, Data Protection and the
Childrens. Act.
We also considered those laws and regulations that have a direct impact on the preparation of the financial
slalemenls, primarily Companies Act 2006 and relevant UK tsx law.
We discussed with management how the Complian￿ with these laws and regulations is monitored and
discussed policies and prO￿dureS in place.
We also identified the individuals who have responsibility for ensuring that the entity complies with laws and
regulab'ons and deal with reporting any issues if they arise.
As part of our planning procedures, we assessed the risk of any non-complian￿ with laws and regulations on
the entity's ability to continue trading and the risk of material misstalemenl to the financial slalemenls.
Based on this understanding we designed our audit procedures lo identrfy non-compliance with such laws and
regulakn'ons. Our procedures involved the following..
Enouiries of management regarding their kno￿edge of any rKJn-compliance with laws and regulations
that could affect the financial ststements",
Reviewed legal and professional costs to identify any possible non-compliance or legal costs in respect
of non-compliance.. and
Review of board minutes
As part of our enquiries we discussed with management whether there have been any known instances,
allegations or suspicions of fraud. of which management (y)nfimied there had been none during or after the
period.
We also evaluated the risk of fraud through management override. They key risks we identified were related to
cut-off in respect of revenue re¢ognilion.
In response to the identified risk. as part of our audit worf( we..
Review journal eniries throughoul the year. for ac¢ura¢y and appropriateness.,
Reviewed estimates and judgements made in the financial statements for any indication of bias and
challenged assumptions used by managemenl in making the estimates..
Undertook specific cut-off procedures in respect of revenLbe recognition.
Given the inherent limitations of an audit, the more remote the non-compliance with laws and regulations is from
the events and transactions reflected in the financial statements, the greater the risk that we will not detect all
irregul8rilies, including those leading lo a material misstslemenl in the fin8nGial stslemenls, as we are less likely
to become aware of InStan￿S of non-complian￿. The risk of nol detecting a material misstatement due lo fraud
is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment,
collusion, omission or misrepresentation.
A further description of our responsibilities is available on Ihe Finanoal Reporting Council's website at.. https'.11
www.frc.org.uklaudilorsresponsibililies. This description forms part of our auditorfs report.

INAURA SCHOOL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF INAURA SCHOOL
This report is made solely to the company's members, as a tM)dy, in accordance with section 391 of the
Companies Act 2014. Our audit work has been undertaken so that we might state lo the company's members
those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the
company's members, as a body. for our audit work, for this report, or for the opinions we have fomied.
P A Stallard FCA (Senior Statutory Auditor)
for and on beha￿ of Lentells Limited
Chartarad Certified Accountsnts
ststutory Audltor
Ash House
Cook Way
Bindon Road
Taunton
Somerset
TA2 6BJ
Lentells Limited is eligible for appoinlment as auditor of the charitable company by virtue of ils eligibility for
appointment as auditor of a company under sectbon 1212 of the Companies Act 2006.

INAURA SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2021
Unrestricted Restrided
funds
nds
2021
2021
Total Unrestricted Restricted
funds
funds
2020
2020
Total
2021
2020
Noles
Donations and grants
Charitsble activities
31.240
31.240
1.566,749 1.569,816
3,960
3,960
1.569.816
1.566.749
Total incorne
1.566.749
31.240 1.597,989
1.569,816
3,960 1.573.776
enditura on..
Charitable activities
Education
1.553.256
28.960 1.582,216
1.467.121
1.467.121
Total charitable expenditure
1,553,256
28,960 1.582,216
1.467.121
1,467,121
Net income for the yearl
Not movement in funds
13.493
2.280
15.773
102.695
3,960
106,655
Fund balances 8t 1
September 2020
35,954
3.960
39,914
166.741)
{66,7411
Fund balances at 31 August
2021
49.447
6.240
55,687
35,954
3,960
39,914
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The ststement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
10-

INAURA SCHOOL
BALANCE SHEET
ASAT31 AUGUST2021
2021
2020
Notes
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
12,179
12,038
10
35,973
610,885
61,442
538,356
646.858
599,798
Creditors.. amounts falling due within
one year
11
150,8721
164,5911
N81 Current assets
595,986
535,207
Total assets less current liabilities
608,165
547,245
Deferred income
12
{552,4781
1507,3311
Nat assets
55.687
39.914
Income funds
Restricted funds
Unrestricted funds
13
6,240
49,447
3,960
35,954
55,687
39,914
The company is enliued lo Ihe exemption from the audil requirement ￿ntsIned in section 477 of the Companies
Act 2006, for the year ended 31 August 2021. although an audit has been carried OLrt under section 144 of the
Charities Act 2011.
The directors acknowledge their resp)nsibilities for complying with the ￿quirements of the Companies Act 2006
with respect to accounting recx)rds and the preparation of financAal statements.
These financial statements have been prepared in accordan￿ with Ihe provisions applicable to companies
subject to the small companies regime.
The financial ststements were approved by the Trustees on .........................
Soned on 1&1OS122@ 10.23
MrAndrew Warner
Trustee
Company Reglstratlon No. 04158590
11

INAURA SCHOOL
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2021
2021
2020
Notes
Cash flows from operatlng actlvlties
Cash generated from operations
17
81,569
263,686
Investing activities
Purchase of tangible fixed assets
19.040)
17.0621
Net cash used in investing activities
19,040)
17,0621
Net cash used in financing activities
Net increase in cash and cash equivalents
72.529
256,624
Cash and cash equivalents at beginning of year
538.356
281,732
Cash and ¢a$h equivalgnts at end of year
610,885
538,356
12-

INAURA SCHOOL
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
Critical accounting estimates and judgements
In the application of the charitsble company's accounting policies, the trustees a￿ required lo make
judgements, estimates and assumptions aboul Ihe carying amount of assets and liabilities that are not
readily apparent from other sources. The eslimales and associated assumptions a￿ based on historical
experien￿ and other factors that are considered to be relevant. Actual results may differ from these
eslimales.
The estimates and vndedying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised In the period in which the estimate is revised where the revision affects only that
period. or in the period of the revision and fvture periods where the revision affects both current and future
periods.
Accounting policies
Charity information
Inaura School is a private company limited by guarantee incorporated in England and Wales. The
registered office is Moor View. Burrowbridge, Bridgwater, Somerset. TA7 ORB, United Kingdom.
2.1 Accounting convention
The financial statements have been prepared in accordan￿ wth, the Companies Act 2006 and
"Accounting and Reporting by Charities- Statement of Recommended Pra¢li¢e applicable to charities
preparing their accounts in aC(X)rdan￿ with the Financial Reporb"ng Standard applicable in the UK and
Republic of Ireland IFRS 1021 leffeclive 1 January 20191". The charitsble company is a Public Benefit
Entity as defined by FRS 102.
The financial slalemenls are prepared in slerfing, which is the functional currency of the charitable
company. Monetsry amounts in these finanual statements are rounded lo the nearest £.
The financial statements have been prepared under the hislorical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments al
fair value. The principal accounting FX)licies adopted are set out below.
2.2 Going concem
At the lime of approving the financial statements. the truslees have a reasonable expectation that the
charitable company has adequate resources lo continue in operational existence for the foreseeable
future. Thus the trustees continue to adopt the goir)g (xjncem basis of accounting in preparing the financial
ststements.
2.3 Charltable funds
Unrestricted funds are available for use at the discretion of the Injstees in furtherance of their charitable
objectives.
Restricted funds are subject lo specifi¢ conditions by donors as to how they may be used. The purposes
and uses of the restricted funds are sel out in the notes lo the financial ststements.
2.4 Income
Income is recognised when the charitable company is legally entitled to it after any perfomiance conditions
have been mel, the amounts can be measured reliably. and it is probable that income will be re￿ived.
13-

INAURA SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Accounting policies
(Continued)
Expenditu￿ is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a
third paty, it is probable that a transfer of economic benefits will be required in setuement, and the amount
of the obligation can be measured reliably.
Expenditure is dassrfied by activity. The costs of eath activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a
single activity are allocated directly to that activity. sha￿ Costs which contribute to more than one activity
and support costs which are not atth"butable to a single activity are apportioned between those activities on
a basis consistenl with the use of resources. Central siaff Costs are allocated on the basis of time spent,
and depreciation charges are allocated on the portion of the asset's use.
2.5 Intangible fixed assets other than goodwill
Intangible assets a¢quired separately from a business are recognised at Cosl and are subsequently
measured al cost less accumulated amortisalion and accumulated impaimienl losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases=
Software
5 years
2.6 Tanglble fixed assets
Tangible fixed assets are initially measured at cosl and subsequendy measured at wst or valuation, net of
depreciation and any impairrnent105ses.
Depreciation is recognised so as to write off the cost or valuation of sssels less their residual values over
their useful lives on the following bases=
Leasehold improvements
Plant and equipmenl
Fixtures and fittings
over peri(*l of lease
33°k on straighl line basis and 20°k on straight line basis
20Yo on straight line basis
The gain or loss arising on the disposal of an asset is detem)ined as the differen￿ between the sale
proceeds and the carying value of the asset. and is recognised in the slalement of financial activities.
2.7 Impairment offixed assets
Al each reporting end dale, the charitable (x)mpany rewews the carrying amounts of its tangible and
intangible assets lo detemiine whether there is any indication that those assets have suffered an
impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to
delermine the exlenl of the impaimient loss lif any).
2.8 Cash and cash equlvalenls
Cash and cash equivalents indude cash in hand. deposits held al call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are
shown within borrowings in current liabilities.
14-

INAURA SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
Accounting policies
(Continued)
2.9 Financial instruments
The charitsble company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial inslrumenls.
Financial instruments are recognised in the charitable (x)mpanVs balance sheet when the charitable
company becomes party lo the contraclual provisions of Ihe inslrument.
Financial assets and liabilities are offsel. with Ihe net amounts presented in the financial ststements, when
there is a legally enfor￿able right to set off the recognised amounts and there 15 an intention lo settle on a
nel basis or to realise Ihe assel and setue the liability simulianeously.
Basic financial assets
Basic financial assets, which include debtor5 8nd cash and bank balances, are ini(1811y measured al
transaction pri¢e including transaction costs and are subsequendy carried at amortised wst using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of Ihe future re￿iptS discounted at a market rate of inlerest. Financial
assets classified as receivable within one year are not amortised.
Bas1¢ flnanclal Ilabllltles
Basic finanaal liabilities. induding credilors and bank loans are initially recognised at transaction price
unless the arrangement constitutes a finan¢ing transaction, where the debt instrument is measured al the
present value of the future payments discounted at a markel rate of interest. Financial liabilities classified
as payable within one year are not amortised.
Debt inslnjments are subsequendy carried at amortised cost. using the effective interest rate method.
Trade creditors are obligations to pay for g(￿S or services Ihat have been acquired in the ordinary course
of operabons from suppliers. Arnounts payable are classified as current Iiabililies if payment Is due within
one year or less_ If not. they are presented as non-current liabilities. Trade creditors are ￿COgniSed initially
at transaction price and subsequently measured at amortised cost using the effective interest method.
Dere￿onition of financial liabilities
Financial liabililies are de￿CogniSed when the charilable company's contractual obligations expire or are
discharged or cancelled.
2.10 Employee benefits
The cost of any unused holiday entiuement is recognised in the period in which the employee's services
are received.
Termination benefits are recognised immediately as an expense when the charitable company is
demonstrably committed lo terminate the ewnploywnenl of an employee or lo provide termination benefits.
2.11 Retirement benefrts
Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due.
15-

INAURA SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
Donations and grants
Restricted Reslricled
funds
funds
2021
2020
Grant income
31,240
3.960
Charitable activities
Education Education
2021
2020
Servi￿$ provided under contract
1.566,749 1,569,816
Charitable activities
Education Education
2021
2020
Staff costs
Student therapy
Student activities
Telephone
Books and journals
Consultanl and practitioner fees
LiCen￿S and regislrations
1,247,168 1,167,609
6,009
1,222
14,497
9,704
12,704
12,655
1,739
459
2,598
5,836
4,792
4,893
1.289,507 1,202,378
Share of support costs (see note 61
Share of governan￿ costs (see note 6}
279,016
13,693
244,175
20,568
1,582.216 1,467,121
Analysis by fund
Unrestricted funds
Restricted funds
1.553,256 1.467.121
28,960
1.582,216 1.467,121
16-

INAURA SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
Support costs
Support Govemance
costs
costs
2021
Support Govemance
costs
costs
2020
Research and Iraining
Finan￿ costs
Motor and travel
Premises costs
Office costs
9,157
9,157
346
35,460
172,351
61,702
8,878
397
42,475
137,9SO
54,475
8,878
397
42,475
137,950
54.475
35,460
172,351
61.702
Audit fees
Legal and professional
DBS fees
10.100
3.208
385
10,100
3,208
385
6,958
12,893
717
6,958
12,893
717
279,016
13.693
292,709
244,175
20,568
264,743
Analysed between
Charitable actimties
279.016
13.693
292,709
244,175
20,568
264,743
Governan￿ ¢osls indudes payments lo the audilors of £10.1(K)12020- £6.9581 for audit fees.
Trustees
None of the Iruslees lor any persons connecled with them} received any remuneration or benefits from the
charitable company during the year.
Employees
The average monthly number of employees during the year was".
2021
Number
2020
Number
Education
48
46
Employment Costs
2021
2020
Wages and salaries
Social security costs
Other pension costs
1.131,140
86,509
21,440
1.058,921
86,767
20,981
1,239,089
1.166,669
17-

INAURA SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
Employees
(Continued)
The number of employees whose annual remunerabon was more than
£60.000 is as follows=
2021
Number
2020
Number
£60,000 to £70,000
£70,001 to £80,000
Tangible fixed assets
Leasèhold
Improvements
Plant and Flxturès and
e4ulpmÈnt
flttlngs
Total
Cost
Al 1 September 2020
Additions
54.922
31.384
9.040
15,451
101.757
9,040
At 31 August 2021
54.922
40.424
15,451
110,797
Depreciation and impainnent
Al 1 September 2020
Depreciation charged in the year
48.7
2.484
25,568
6.415
15.451
89,719
8,899
Al 31 August 2021
51.184
31.983
15,451
98.618
Carying amount
Al 31 August 2021
3,738
8,441
12,179
Al 31 August 2020
6.222
5,816
12,038
10 Debtors
2021
2020
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
18,821
17,152
53,996
7.446
35,973
61,442
18-

INAURA SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
11 Creditors: amounts falling due within one year
2021
2020
Notes
Other taxation and social security
Deferred income
Trade creditors
Accruals and deferred income
27,980
26.955
25,000
4,288
8,348
12
12,669
10,223
50,872
64,591
12 Deferred incorne
2021
2020
Deferred grant income
Deferred tuition income
25,000
507,331
552,478
552,478
532.331
Deferred income is included in the financial statements as follows=
2021
2020
Current liabilities
Shown as deferred income on the fa￿ of the balan￿ sheet
25,000
507.331
552,478
552,478
532,331
Tuition fees are invoiced and received by Inaura School in advance of Ihe temi to which they relate.
19-

INAURA SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
13 Rostricted funds
The income funds of Ihe charity indude restricled funds comprising the following unexpended balances of
donations and grants held on trust for spectfic purposes..
Movement
in funds
Balance at
Incoming
Balance at
Incorning
1 SeptÈmbÈr rÈsourte$ 1 SeptÈmbÈr rÈsourtes
2019
2020
Movement in funds
Resources
èxpÈndÈd
Balance at
31 August
2021
North Somerset Council -
Pension grant
Poolbridge Grant
Covid Catch up grants
3.960
3.960
13.9601
{25.0001
25,000
6,240
6,240
3,960
3,960
31,240
128.9601
6.240
14 Analysls of net assets between funds
Un￿stricted Restrlcted
hjnds
funds
2021
2021
Totsl Unrestricted Restricted
funds
fijnds
2020
2020
Totsl
2021
2020
Fund balances at 31
August 2021 are
represented by..
Tangible assets
Current assetsl
12.179
12.179
12,038
12.038
583.506
6,240
595.986
531,247
3,960
535,207
Provisions and
deferred income
1552.478}
1552.478) 1507,3311
1507,3311
43.207
6.240
55.687
35.954
3,960
39,914
15 Operating lease commitments
Al the reporting end date the charitable company had outstanding commitrnents for future minimum lease
payments under non-cancellable operating leases, which fall due as follows..
2021
2020
Within one year
Between two and five years
In over five years
61,992
245,077
128,892
57.626
244,754
190,350
435,961
492,730
Total lease payments made in the year in respect of land and buildings amounted to £89,379 12020..
£89,154)
-20-

INAURA SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
15 Operating lease commitments
(Continued)
16 Related party transactions
There were no disdosable related party transackn.ons during the year {2020- £Nil).
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2021
2020
Aggregate compensation
272,768
253,182
17 Cash generated from operations
2021
2020
Surplus for the year
15.773
106,655
Adjuslmenls for..
Depreciation and impaiment of tangible fixed assets
8.899
14.756
Movements in working capital..
Decrease in debtors
Increaselldecreasel in creditors
Increase in defeThed income
25.469
11.281
20,147
45,871
12,9691
99,373
Cash generated from operations
81.569
263,686
21