| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe school, its directors and advisors | 1-2 | ||
| Directors' Report | 3-20 | |||
| Independent | Auditors' | Report | on the Financial Statements | 21 -23 |
| Consolidated | Statement of Financial Activities | 24 | ||
| Consolidated | Balance | Sheet | 25 | |
| School Balance Sheet | 26 | |||
| Consolidated | Statement of Cash Flows | 27 | ||
| Notes to the | Financial | Statements | 28-50 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2020 | 2020 | 2020 | 2019 | |||
| Note | OOOO | f000 | OOOO | f000 | ||
| INCOME FROM: | ||||||
| Donations and legacies |
31 | 31 | ||||
| Charitable activities: |
||||||
| School fees | 11,593 | 11,593 | 12,566 | |||
| Other educational | income | 179 | 179 | 209 | ||
| Other ancillary income | 646 | 646 | 975 | |||
| Other trading activities |
305 | 305 | 403 | |||
| Investments | 44 | 44 | 62 | |||
| Other income | 261 | 261 | 4 | |||
| TOTAL INCOME | 13,028 | 13,059 | 14,220 | |||
| EXPENDITURE ON: | ||||||
| Raising funds | 9 | 485 | 485 | 595 | ||
| Charitable activities |
10 | 11,860 | 12 | 11,872 | 11,737 | |
| TOTAL EXPENDITURE | 12,345 | 12 | 12,357 | 12,332 | ||
| Net losses on investments | ||||||
| NET INCOME | 683 | 19 | 702 | 1,887 | ||
| Transfers between |
funds | 25 | (6) | |||
| NET MOVEMENT | IN FUNDS | 689 | 13 | 702 | '/,887 | |
| RECONCILIATION | OF FUNDS: | |||||
| Total funds brought | forward | 37,045 | 70 | 37,115 | 35,228 | |
| Net movement in funds |
689 | 13 | 702 | 1,887 | ||
| TOTAL FUNDS CARRIED FORWARD | 37,734 | 83 | 37,817 | 37,115 |
| CONSOLIDATED | BALANCE SHEET | |||||
|---|---|---|---|---|---|---|
| AS AT 31AUGUST 2020 | ||||||
| 2020 | 2019 | |||||
| Note | K,OOO | OOOO | ||||
| FIXEDASSETS | ||||||
| Tangible assets | 36,363 | 36,797 | ||||
| 36,363 | 36,797 | |||||
| CURRENT ASSETS | ||||||
| Stocks | 18 | 94 | 99 | |||
| Debtors | 19 | 665 | 139 | |||
| Investments | 20 | 6,874 | 6,645 | |||
| Cash at bank and | in hand | 1,249 | 1,903 | |||
| 8,882 | 8,786 | |||||
| Creditors: amounts | falling due within | one | ||||
| year | 21 | (2,759) | (3,279) | |||
| NET CURRENT ASSETS | 6,123 | 5,507 | ||||
| TOTAL ASSETS LESSCURRENT | ||||||
| LIABILITIES | 42,486 | 42,304 | ||||
| Creditors: amounts | falling due after | more | ||||
| than one year | 22 | (4,669) | (5,189) | |||
| TOTAL NET ASSETS | 37,817 | 37,115 | ||||
| CHARITY FUNDS | ||||||
| Restricted funds |
25 | 83 | 70 | |||
| Unrestricted funds |
25 | 37,734 | 37,045 | |||
| TOTAL FUNDS | 37,817 | 37,115 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Note | f000 | f000 | ||||
| FIXEDASSETS | ||||||
| Tangible assets | 36,363 | 36,797 | ||||
| 36,363 | 36,797 | |||||
| CURRENT ASSETS | ||||||
| Stocks | 18 | 9 | 17 | |||
| Debtors | 19 | 740 | 227 | |||
| Investments | 20 | 6,874 | 6,645 | |||
| Cash at bank and | in hand | 1,150 | 1,790 | |||
| 8,773 | 8,679 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 21 | (2,724) | (3,262) | |||
| NET CURRENT ASSETS | 6,049 | 5,417 | ||||
| TOTAL ASSETS LESSCURRENT | ||||||
| LIABILITIES | 42,412 | 42,214 | ||||
| Creditors: amounts | falling due after more | |||||
| than one year | 22 | (4,669) | (5,189) | |||
| TOTAL NET ASSETS | 37,743 | 37,025 | ||||
| CHARITY FUNDS | ||||||
| Restricted funds |
25 | 83 | 70 | |||
| Unrestricted funds |
25 | 37,660 | 36,955 | |||
| TOTAL FUNDS | 37,743 | 37,025 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| f000 | f000 | ||||
| CASH FLOWS FROM OPERATING | ACTIVITIES | ||||
| Net cash used in operating activities |
1,058 | 3,206 | |||
| CASH FLOWS FROM INVESTING | ACTIVITIES | ||||
| Interest | 62 | ||||
| Purchase oftangible fixed assets |
(789) | (2,354) | |||
| NET CASH USED IN INVESTING ACTIVITIES | (745) | (2,292) | |||
| CASH FLOWS FROM FINANCING | ACTIVITIES | ||||
| Repayments of borrowing |
(530) | (530) | |||
| Interest paid | (209) | (320) | |||
| Decrease/(increase) in over 3 month |
deposit accounts | 1,002 | 726 | ||
| NET CASH PROVIDED BY/(USED | IN) FINANCING | ACTIVITIES | 263 | (124) | |
| CHANGE IN CASH AND CASH EQUIVALENTS |
IN | THE YEAR | 576 | 790 | |
| Cash and cash equivalents at the beginning ofthe year |
6,001 | 5,211 | |||
| CASH AND CASH EQUIVALENTS | AT THE END | OF THE YEAR | 6,577 | 6,001 | |
| The notes on pages 28to 50form part ofthese financial statements |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2020 | 2020 | 2019 | ||||
| f000 | OOOO | f000 | ||||
| School fees | 11,593 | 11,593 | 12,566 | |||
| Other educational | income | 179 | 179 | 209 | ||
| Other ancillary | trading | income | 646 | 646 | 975 | |
| 12,418 | 12,418 | 13,750 | ||||
| Total 2019 | 13,750 | 13,750 |
| School fees | |||
|---|---|---|---|
| 2020 | 2019 | ||
| OOOO | f000 | ||
| School fees | 12,339 | 13,330 | |
| Bursaries, scholorships | and allowances | (746) | (764) |
| 11,593 | 12,566 |
| Other educa | tional income |
||
|---|---|---|---|
| 2020 | 2019 | ||
| f000 | f000 | ||
| Registration, | exam fees and fees in lieu | 156 | 164 |
| After school | activities and sundry | 23 | 25 |
| 179 | 209 |
| Other ancillary income |
||
|---|---|---|
| 2020 | 2019 | |
| f000 | f000 | |
| Catering | 465 | 703 |
| Bus income | 181 | 272 |
| 646 | 975 |
| Unrestricted | Restricted | ||||||
|---|---|---|---|---|---|---|---|
| funds | funds | Total funds | Total funds | ||||
| 2020 | 2020 | 2020 | 2019 | ||||
| f000 | f000 | f000 | f000 | ||||
| Charity trading | income | ||||||
| Uniform sales | 115 | 115 | 143 | ||||
| Refreshments | 71 | 71 | 95 | ||||
| Holiday schools | 26 | 26 | 50 | ||||
| Hirings | 93 | 93 | 115 | ||||
| 305 | 305 | 403 | |||||
| Sub total | |||||||
| Charity trading | expenses | ||||||
| Holiday school | expenditure | 5 | 5 | 14 | |||
| Hirings | 47 | 47 | 57 | ||||
| Uniform costs | 76 | 76 | 97 | ||||
| Refreshment | costs | 44 | 44 | 96 | |||
| Staff costs | 53 | 53 | 24 | ||||
| 225 | 225 | 288 | |||||
| Sub total | |||||||
| Net (expenditure)/income | from trading | 80 | 80 | 115 | |||
| activities |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2020 OOOO |
2020 f000 |
2019 f000 |
|||
| Bank | interest | received | 62 | ||
| Total | 2019 | 62 | 62 |
| Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2020 | 2020 | 2020 | 2019 | |||||
| f000 | f000 | f000 | 8000 | |||||
| Surplus | on | sale | ofassets | 9 | 9 | |||
| Coronavirus | job | retention | scheme | 252 | 252 | |||
| 261 | 261 |
| ANALYSIS TYPE |
O | F EXPENDITUR | E BYEXPEND | ITURE | |||
|---|---|---|---|---|---|---|---|
| Staff costs | Depreciation | Other costs | Total | Total | |||
| 2020 f000 |
2020 FOOO |
2020 &000 |
2020 f000 |
20219 f000 |
|||
| Costs of raising funds (note | |||||||
| 9) | 260 | 260 | 308 | ||||
| 53 | 172 | 225 | 288 | ||||
| Trading costs (note 5) | |||||||
| Costs of raising funds | 53 | 432 | 485 | 596 | |||
| Teaching | 7,014 | 1,029 | 913 | 8,956 | 8,694 | ||
| Welfare | 13 | 564 | 577 | 751 | |||
| Premises | 557 | 155 | 758 | 1,470 | 1,568 | ||
| 490 | 26 | 342 | 858 | 711 | |||
| Support | |||||||
| Charitable | activities | 8,061 | 1 223 | 2,577 | 11,861 | 11,724 | |
| 12 | |||||||
| Governance | (note 11) | ||||||
| Total 2020 | 8,114 | 1 223 | 3,020 | 12,357 | 12,332 | ||
| Total 2019 | 7,592 | 1,157 | 3,583 | 12,332 |
| RAISING FUN | DS | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2020 | 2020 | 2019 | ||
| OOOO | OOOO | f000 | ||
| Bank interest | paid | 209 | 209 | 320 |
| Bad debts | 51 | 51 | (12) | |
| Trading costs | (note 5) | 225 | 225 | 288 |
| Total 2020 | 485 | 485 | 596 | |
| Total 2019 | 596 | 596 |
| CHARITABLE ACTIVITY | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| 2020 | 2020 | 2020 | 2019 | |
| FOOO | f000 | f000 | OOOO | |
| Teaching | 8,950 | 8,956 | 8,694 | |
| Welfare | 577 | 577 | 751 | |
| Premises | 1,464 | 1,470 | 1,568 | |
| Support | 858 | 858 | 711 | |
| Governance | 11 | 11 | 12 | |
| Total 2020 | 11,860 | 12 | 11,872 | 11,736 |
| Total 2019 | 11,736 | 11,736 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2020 | 2020 | 2019 | ||
| FOOO | FOOO | f000 | ||
| Auditors' remuneration |
9 | 10 | ||
| Governors' | meeting costs | 2 | 2 | |
| Total 2020 | 12 | |||
| Total 2019 | 12 | 12 |
| NET MOVEME | NT IN FUNDS |
||
|---|---|---|---|
| 2020 | 2019 | ||
| f000 | f000 | ||
| Group | |||
| Net movement | in funds | 707 | 1,887 |
| Capital expenditure | (789) | (2,354) | |
| Net movement | in funds after capital expenditure | (82) | (467) |
| 2020 | 20/9 |
|---|---|
| f000 | f000 |
| Fees payable | to the School's auditor | for the audit ofthe School's annual |
|---|---|---|
| accounts | ||
| Fees payable | to the School's auditor | in respect of: |
| All non-audit | services not included above |
| STAFF COSTS | ||||
|---|---|---|---|---|
| Group | Group | School | School | |
| 2020 | 2019 | 2020 | 2019 | |
| f000 | f000 | f000 | f000 | |
| Wages and salaries | 6,311 | 6,192 | 6,293 | 6,177 |
| Social security costs | 614 | 589 | 614 | 589 |
| Pension costs | 1,189 | 811 | 1,188 | 810 |
| 8,114 | 7,592 | 8,095 | 7,576 |
| Group | Group | School | School | |
|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | |
| No. | No. | No. | No. | |
| Education | 170 | 175 | 170 | 175 |
| Premises | 36 | 34 | 36 | 34 |
| Support | 20 | 20 | 17 | 17 |
| 226 | 229 | 223 | 226 |
| Group | Group | School | School | |
|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | |
| No. | No. | No. | No. | |
| Education | 142 | 144 | 142 | 144 |
| Premises | 24 | 23 | 24 | 23 |
| Support | 16 | 16 | 15 | 15 |
| 182 | 183 | 181 | 182 |
| Group | Group |
|---|---|
| 2020 | 2019 |
| No. | No. |
| Freehold | Motor | Fixtures and | ||
|---|---|---|---|---|
| property f000 |
vehicles OOOO |
fittings f000 |
Total f000 |
|
| Cost | ||||
| At 1 September 2019 | 40,242 | 299 | 4,361 | 44,902 |
| Additions | 318 | 94 | 377 | 789 |
| Disposals | (50) | (50) | ||
| At 31 August 2020 | 40,560 | 343 | 4,738 | 45,641 |
| Depreciation | ||||
| At 1 September 2019 | 4,155 | 236 | 3,714 | 8,105 |
| Charge for the year | 878 | 36 | 309 | 1,223 |
| On disposals | (50) | (50) | ||
| At 31 August 2020 | 5,033 | 222 | 4,023 | 9,278 |
| Net book value | ||||
| At 31 August 2020 | 35,527 | 121 | 715 | 36,363 |
| At 31August 2019 | 36,087 | 63 | 647 | 36,797 |
| Group | Group | School | School | |||
|---|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | |||
| OOOO | f000 | f000 | f000 | |||
| Stock | for | resale | 94 | 99 | 9 | 17 |
| DEBTORS | |||||
|---|---|---|---|---|---|
| Group | Group | School | School | ||
| 2020 | 2019 | 2020 | 2019 | ||
| f000 | f000 | f000 | f000 | ||
| Trade debtors | |||||
| Amounts owed by group undertakings |
75 | 93 | |||
| Other debtors | 32 | 32 | 1 | ||
| Fee debtors | 74 | 74 | |||
| Prepayments | and accrued income | 559 | 132 | 559 | 133 |
| 665 | 139 | 740 | 227 |
| CURRENT ASSET INVESTMENTS | ||||
|---|---|---|---|---|
| Group | Group | School | School | |
| 2020 | 20'l9 | 2020 | 2019 | |
| f000 | f000 | f000 | f000 | |
| Listed investments | 9 | 14 | 9 | 14 |
| Deposit accounts | 6,865 | 6,631 | 6,865 | 6,631 |
| 6,874 | 6,645 | 6,874 | 6,645 |
| Group | Group | School | School | ||
|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | ||
| f000 | f000 | f000 | f000 | ||
| Bank loans | 529 | 529 | 529 | 529 | |
| Trade creditors | 20 | 152 | 6 | 150 | |
| Other taxation | and social security | 158 | 164 | 155 | 153 |
| Other creditors | and accruals | 705 | 793 | 687 | 789 |
| Development bonds |
8 | 8 | 8 | 8 | |
| Advance fee payments | 56 | 53 | 56 | 53 | |
| Acceptance deposits | 23 | 25 | 23 | 25 | |
| Fees in advance ofterm | 1,260 | 1,555 | 1,260 | 1,555 | |
| 2,759 | 3,279 | 2,724 | 3,262 |
| Group | Group | School | School | |
|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | |
| f000 | f000 | f000 | f000 | |
| Bank loans | 4,367 | 4,896 | 4,367 | 4,896 |
| Acceptance deposits | 255 | 253 | 255 | 253 |
| Advance fee payments | 47 | 40 | 47 | 40 |
| 4,669 | 5,189 | 4,669 | 5,189 |
| Group | Group | School | School | ||
|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | ||
| f000 | f000 | OOOO | f000 | ||
| Payable or repayable | by instalments | 2,250 | 2,779 | 2,250 | 2,779 |
| Payable or repayable instalments |
other than by | 146 | 146 | ||
| 2,250 | 2,925 | 2,250 | 2,925 |
| 2020 | 2019 | |
|---|---|---|
| f000 | f000 | |
| Within two to five years | 47 | 40 |
| Within one year | 56 | 53 |
| 103 | 93 | |
| 2020 | 2019 | |
| f000 | f000 | |
| The movements during the year were: |
||
| Balance at 1 September 2019 | 93 | 13'I |
| New receipts ofdeposited fees | 68 | 13 |
| Discounts accrued to contracts | 1 | 1 |
| Amounts utilised on fees to the School |
(59) | (52) |
| Balance at 31August 2020 | 103 | 93 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| OOOO | OOOO | |||
| After | 5 | years | 144 | 146 |
| Within | two to five years | 111 | 107 | |
| Within | one year | 23 | 25 | |
| Total | 278 | 278 |
| Balance at 1 | Balance at | |||||
|---|---|---|---|---|---|---|
| September | Transfers | 31August | ||||
| 2019 OOOO |
Income OOOO |
Expenditure f000 |
in/out f000 |
2020 f.000 |
||
| Unrestricted funds |
||||||
| Designated funds |
||||||
| Hardship Fund |
100 | 100 | ||||
| General funds | ||||||
| General Funds |
30,060 | 13,028 | (12,345) | 30,829 | ||
| Freehold Property Fair Value |
||||||
| Reserve | 6,985 | (180) | 6,805 | |||
| 37,045 | 13,028 | (12,345) | (94) | 37,634 | ||
| Total unrestricted | funds | 37,045 | 13,028 | (12,345) | 37,734 | |
| Restricted funds | ||||||
| Facilities Fund | 54 | 21 | (6) | 58 | ||
| Early Years Fund | 7 | 7 | ||||
| Gifted and Talented | Fund | 4 | 4 | |||
| Capital Equipment | 5 | 4 | ||||
| Contribution towards |
outdoor | |||||
| education salary |
(6) | |||||
| Hardship fund |
10 | 10 | ||||
| 70 | 31 | (12) | (6) | 83 | ||
| Total offunds | 37,115 | 13,059 | (12,357) | 37,817 |
| STATEME | NT O | F FUNDS - PRIOR | YEAR | ||||
|---|---|---|---|---|---|---|---|
| Balance at | Balance at | ||||||
| 1 September | Transfers | Gains/ | 31August | ||||
| 2018 | Income | Expenditure | in/out | (Losses) | 2019 | ||
| f000 | f000 | OOOO | f000 | f000 | f000 | ||
| Unrestricted | |||||||
| funds | |||||||
| General Funds | 27,988 | 14,216 | (12,318) | 175 | (1) | 30,060 | |
| Freehold | |||||||
| Property | Fair | ||||||
| Value | |||||||
| Reserve | 7,166 | (181) | 6,985 | ||||
| 35,154 | 14,216 | (12,318) | (6) | (1) | 37,045 | ||
| Restricted | |||||||
| funds | |||||||
| Facilities Fund | 60 | (7) | 54 | ||||
| Early Years | |||||||
| Fund | |||||||
| Gifted and | |||||||
| Talented | |||||||
| Fund | |||||||
| Capital | |||||||
| Equipment | |||||||
| Contribution | |||||||
| towards | |||||||
| outdoor | |||||||
| education | |||||||
| salary | (6) | ||||||
| 74 | ('/4) | 70 | |||||
| Total offunds | 35,228 | 14,220 | (12,332) | (6) | (1) | 37,115 |
| ANALYS | IS O | F NET ASSETS BETWEEN | FUNDS - PRIOR PE | RIOD | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||
| funds | funds | funds | funds | |||
| 2019 | 2019 | 20/9 | 2019 | |||
| f000 | f000 | f000 | f000 | |||
| Tangible | fixed | assets | 36,786 | 36,797 | ||
| Current | assets | 59 | 8,727 | 8,786 | ||
| Creditors | due | within one year | (3,279) | (3,279) | ||
| Creditors | due | in more than one year | (5,189) | (5,189) | ||
| 70 | 37,045 | 37,115 |
| Group | Group | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| f,000 | OOOO | ||||
| Net income for the | period (as per | Statement | of Financial Activities) | 702 | 1,887 |
| ADJUSTMENTS FOR: | |||||
| Depreciation charges |
1,223 | 1,157 | |||
| Loss on investments | 1 | ||||
| Interest | (44) | (62) | |||
| Decrease/(increase) | in stocks | 5 | (4) | ||
| Increase in debtors |
(526) | (19) | |||
| Decrease in creditors |
(511) | (74) | |||
| Interest paid | 209 | 320 | |||
| Net cash provided | by operating | activities | 1,058 | 3,206 |
| Group | Group | |
|---|---|---|
| 2020 | 2019 | |
| f000 | f000 | |
| Cash in hand | 1,249 | 1,903 |
| Notice deposits (less than 3 months) | 5,328 | 4,098 |
| TOTAL CASH AND CASH EQUIVALENTS | 6,577 | 6,001 |
| At 1 | |||||
|---|---|---|---|---|---|
| September | At 31 | ||||
| 2019 | Cash flows | August 2020 | |||
| f000 | OOOO | FOOO | |||
| Cash | at bank and | in hand | 1,903 | (654) | 1,249 |
| Debt | due within 1 |
year | (529) | (529) | |
| Debt | due after 1 year | (4,896) | 529 | (4,367) | |
| Liquid | investments | 6,645 | 229 | 6,874 | |
| 3123 | 104 | 3,227 |
| Group | Group | School | School | ||||
|---|---|---|---|---|---|---|---|
| 2020 f000 |
2019 f000 |
2020 f000 |
2019 f000 |
||||
| Contracted | for but not provided | in these | |||||
| financial statements | |||||||
| Acquisition | oftangible | fixed assets | 13 | 87 | 13 | e7 |