2021-08-31-accounts - Yarm School

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			Page
Reference and Administrative		Details ofthe School, its Directors and Advisers	1-2
Directors' Report			3-21
Independent	Auditors' Report	on the Financial Statements	22-25
Consolidated	Statement of Financial Activities		26
Consolidated	Balance Sheet		27
School Balance Sheet
Consolidated	Statement of Cash Flows		29
Notes to the	Financial Statements		30-53

Mrs 0Ajekigbe BSc,PGCE, Med, NPQH	Mrs 0Ajekigbe BSc,PGCE, Med, NPQH
Dr SAkowuah MB ChB, MRCGP, DRCOG, DCH
Mrs S H Anderson FCA, BSc
Mr P Barron MBA
Dr P M Chapman MA PhD
Mr C de Jong MA, MBA
Mr L D Gamble, MA, Vet MB,	MRCVS
Dr P SAJones MA, PhD
Mrs R M Langford (Vice-Chair) BDS
Mrs L Longstaff Cert Ed, NPQH
Mr I Lovat BSc,PGCE
Mr K Shotton BA(Hons), FCA
Mr M Thompson (Chairman),	BA(Hons), ACMA, CGMA
Mr A M Turner, BSc,MB, ChB, MRCS(Eng), MRCS(Ed), FEAPU, PhD

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Note	2021 f.000	2021 FOOO	2021 f000	2020 f000
INCOME FROM:
Donations and legacies
Charitable activities:
School fees		12,344		12,344	11,593
Other educational income		171		171	179
Other ancillary income		780		780	646
Other trading activities		221		221	305
Investments		15		15	49
Other income		94		94	261
TOTAL INCOME		13,625		13,627	'/3,064
EXPENDITURE ON:
Raising funds	9	311		313	485
Charitable activities	10	12,296		12,296	'/'/, 872
TOTAL EXPENDITURE		12,607		12,609	12,357
Net income before net
gains/(losses) on investments		1,018		1,018	707
Net gains/(losses) on investments		4		4	(5)
NET INCOME		1,022		1,022	702
Transfers between funds	25	4	{4)
NET MOVEMENT IN FUNDS		1,026	(4)	1,022	702
RECONCILIATION OF FUNDS:
Total funds brought forward		37,?34	83	37,817	37,/15
Net movement in funds		1,026	(4)	1,022	702
TOTAL FUNDS CARRIED
FORWARD		38,760	79	38,839	37,81?

					2021		2020
			Note		OOOO		f000
FIXEDASSETS
Tangible assets			16		38,388		36,363
					38,388		36,363
CURRENT ASSETS
Stocks			18	24		94
Debtors			19	325		665
Investments			20	6,926		6,874
Cash at bank and	in hand			1,762		1,249
				9,037		8,882
Creditors: amounts	falling due within	one
year			21	(4,468)		(2,?59)
NET CURRENT ASSETS					4,569		6,123
TOTAL ASSETS	LESSCURRENT
LIABILITIES					42,957		42,486
Creditors: amounts	falling due after	more
than one year			22		(4,118)		(4,669)
TOTAL NET ASSETS					38,839		37,817
CHARITY FUNDS
Restricted funds			25		79		83
Unrestricted funds			25		3&,760		37,734
TOTAL FUNDS					38,839		37,817

				2021		2020
		Note		f000		f000
FIXEDASSETS
Tangible assets		16		38,388		36,363
				38,388		36,363
CURRENT ASSETS
Stocks		18	8		9
Debtors		19	358		740
Investments		20	6,926		6,874
Cash at bank and	in hand		1,722		1,150
			9,014		8,773
Creditors: amounts	falling due within one
year			(4,442)		(2,724)
NET CURRENT ASSETS				4,572		6,049
TOTAL ASSETS	LESSCURRENT
LIABILITIES				42,960		42,412
Creditors: amounts	falling due after more
than one year		22		(4,118)		(4,669)
TOTAL NET ASSETS				38,842		37,743
CHARITY FUNDS
Restricted funds				79		83
Unrestricted funds				38,763		37,660
TOTAL FUNDS				38,&42		37,743

				2021	2020
				OOOO	OOOO
CASH FLOWS FROM OPERATING	ACTIVITIES
Net cash used in operating activities				4,504	'j,058
CASH FLOWS FROM INVESTING	ACTIVITIES
Interest				19	44
Purchase oftangible fixed assets				(3,249)	(789)
NET CASH USED IN INVESTING ACTIVITIES				(3,230)	(745)
CASH FLOWS FROM FINANCING	ACTIVITIES
Repayments of borrowing				(529)	(530)
Interest paid				(180)	(209)
Decrease/(increase) in over 3 month	deposit accounts			(«)	989
NET CASH (USED IN)/PROVIDED	BYFINANCING		ACTIVITIES	(725)	250
CHANGE IN CASH AND CASH EQUIVALENTS		IN	THE YEAR	549	563
Cash and cash equivalents at the beginning ofthe		year		4,545	3,982
CASH AND CASH EQUIVALENTS	AT THE END	OF THE YEAR		5,094	4,545

New buildings	- 1%to 2.5% per annum
Playing fields development	- 10%per annum
costs
Freehold properties	- 4% per annum
Building improvements,	- 2%to 10%per annum
extensions
Motor vehicles	- 20%per annum
Fixtures, fittings and equipment	- 20% I33%per annum

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
					OOOO	f000	f000
	School fees				12,344	12,344	1'/,593
	Other educational		income		1?1	171	179
	Other ancillary	trading		income	780	780	646
					13,295	13,295	12,418
	Total 2020				12,418	l2,418
4a.	School fees
						2021	2020
						f.000	f000
	School fees					13,228	12,339
	Bursaries, scholorships			and allowances		{884)	(746)
						12,344	11,593

Other educa	tional i	ncome
			2021	2020
			f000	f000
Registration,	exam fees and fees in lieu		147	156
After school	activities	and sundry	24	23
			171	179

Other ancillary income
	2021	2020
	8.000	f000
Catering	577	465
Bus income	203	181
	780	646

				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
				2021	2021	2021	2020
				f000	OOOO	f000	f000
Charity trading		income
Uniform sales				146		146	115
Refreshments				19		19	71
Holiday schools				43		43	26
Hiring s				13		13	93
				221		221	305
Sub total
Charity trading		expenses
Holiday school		expenditure		2		2	5
Hiring s				14		14	47
Uniform costs				136		136	76
Refreshment	costs			1&		18	44
Staff costs				55		55	53
				225			225
Sub total
Net (expenditure)/income			from trading	(4)			80
activities

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			ZODO	f000	f000
Bank	interest	received	15	15
Total	2020			49

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2D21	2020
				f000	8.000	f000
Surplus	on	sale ofassets				9
Coronavirus		job retention	scheme			252
						261
Total2	20			26l

ANALYSIS TYPE	OF EXPENDITU	RE BYEXPEND	ITURE
				Other
		Staff costs	Depreciation	costs	Total	Total
		2021 POOO	2021 8000	2021 f000	2021 OOOO	2020 OOOO
Costs of raising funds (note
9)				88	88	260
		55		170	225	225
Trading costs (note 5)
Costs of raising funds		55		258	313	485
Teaching		7,198	1,076	866	9,140	8,956
Welfare			13	709	722	577
Premises		600	120	843	1,563	l,470
		554	15	293	862	858
Support
Charitable	activities	8,352	1,224	2,711	12,287	1'l,861
Governance	(note 11)
		8,407	1,224	2,978	12,609	'l2,357
Total 2021
Total 2020		8,114	1.223	3,020	12,357

RAISING FUN	DS
		Unrestricted	Restricted	Tote I	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
		OOOO	OOOO	f000	OOOO
Bank interest	paid	180		180	209
Bad debts		(92)		(92}	51
Trading costs	(note 5)	223		225	225
Total 2021		311		313	485
Total 2020		485		485

CHARITABLE ACTIVITY
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2021	2021	2021	2020
	f000	f000	f000	OOOO
Teaching	9,140		9,140	8,956
Welfare	T22		722	577
Premises	1,563		1,563	'l,470
Support	862		862	858
Governance	9		9	11
Total 2021	12,296		12,296	11,872
Total 2020	1'I,860	'l2	11,872

				Unrestricted	Total	Total
				funds	funds	funds
				2021 f000	2021 f.000	2020 f000
Auditors' remuneration
Governors'	meeting		costs
Total 2021
Total 2020
NET MOVEMENT			IN FUNDS
					2021	2020
					f.000	OOOO
Group
Net movement		in funds			1,025	707
Capital expenditure					(3,249)	(789)
Net movement		in	funds after capital expenditure		(2,224)	(82)

2021	2020
f.000	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
	2021	2020	2021	2020
	6000	f000	f.000	f000
Wages and salaries	6,531	6,31'l	6,513	6,293
Social security costs	638	614	638	614
Pension costs	1,238	1,189	1,238	1,188
	8,407	8,114	8,389	8,095

	Group	Group	School	School
	2021	2020	2021	2020
	No.	No.	No.	No.
Education	167	170	167	170
Premises	37	36	3?	36
Support	20	20	18	17
	224	226	222	223

The average headcount	equivalents was:
	Group	Group	School	School
	2021	2020	2021	2020
	No.	No.	No.	IVo.
Education	148	142	148	142
Premises	24	24	24	24
Support	17	16	16	15
	189	'l82	188	181

Group	Group
2021	2020
No.	No.

	Freehold	Motor	Fixtures and
	property 6000	vehicles f000	fittings f000	Total f000
Cost
At 1 September 2020	40,560	343	4,738	45,641
Additions	2,629		620	3,249
Disposals			(2)	(2)
At 31 August 2021	43,189	343	5,356	48,888
Depreciation
At 1 September 2020	5,033	222	4,023	9,278
Charge for the year	921	34	269	1,224
On disposals			(2)	(2)
At 31 August 2021	5,954	256	4,290	10,500
Net book value
At 31 August 2021	37,235	87	1,066	3&,388
At 31August 2020	35,527	121	715	36,363

			Group	Group	School	School
			2021	2020	2021	2020
			f000	f000	f000	f000
Stock	for	resale	24	94	8	9

DEBTORS
		Group	Group	School	School
		2021	2020	2021	2020
		f000	f000	f.000	f000
Trade debtors		76
Amounts owed by group undertakings				109	75
Other debtors		37	32	37	32
Fee debtors		38	74	38	74
Prepayments	and accrued income	174	559	174	559
			665	358	740

CURRENT ASSET INVESTMENTS
	Group	Group	School	School
	2021	2020	2021	2020
	OOOO	OOOO	OOOO	OOOO
Listed investments	12	9	12	9
Deposit accounts	6,914	6,865	6,914	6,865
	6,926	6,874	6,926	6,874

	Group	Group	School	School
	2021	2020	2021	2020
	FOOO	f000	f000	f000
Bank loans	529	529	529	529
Trade creditors	977	20	952	6
Other taxation and social security	199	158	198	155
Development bonds	8	8	8	8
Other creditors and accruals	993	705	993	687
Fees in advance ofterm	1,702	1,260	1,702	1,260
Advance fee payments	36	56	36	56
Acceptance deposits	24	23	24	23
	4,468	2,759	4,442	2,724

	Group	Group	School	School
	2021	2020	2021	2020
	f000	OOOO	6000	f000
Bank loans	3,838	4,367	3,83&	4,367
Acceptance deposits	26&	255	268	255
Advance fee payments	12	47	12	47
	4,118	4,669	4,118	4,669

					Group	Group	School	School
					2021	2020	2021	2020
					f000	f000	OOOO	OOOO
Payable	or	repayable	by	instalments	1 721	2,250	1,721	2,250
					1 721	2,250	1,721	2,250

		2021	2020
		8000	f000
Within two to five years		12	47
Within one year		36	56
			'/03
		2021	2020
		OOOO	f000
The movements during the year were:
Balance	at 1 September 2020	103	93
New receipts ofdeposited fees			68
Discounts	accrued to contracts	1
Amounts	utilised on fees to the School	{56)	(59)
Balance	at 31August 2021		103

			2021	2020
			F000	f000
After	5	years	150	144
Within		two to five years	118	111
Within		one year	24	23
Total			292	278

			Balance at 1					Balance at
			September			Transfers	Gainsi	31August
			2020 f000	Income FOOO	Expenditure FOOO	inlout f000	(Losses) f000	2021 f000
Unrestricted
funds
Designated
funds
Hardship		Fund	100	{53)				50
General	funds
General	Funds		30,829	13,6?8	(12,607)	181	4	32,085
Freehold
Properly		Fair
Value
Reserve			6,805			(180)		6,625
			37,634	13,678	(12,60?)			38,710
Total
unrestricted
funds			37,734	13,625	(12,60?)			38,760
Restricted
funds
Facilities		Fund	58		(2)	(3)		54
Early Years
Fund
Gifted and
Talented
Fund
Capital Equipment			4					3
Hardship		fund	10
			83		(2)	(4)
Total of	funds		3?,817	13,627	(12,609)		4	38,839

			Balance at				Balance at
			1 September			Transfers	31August
			2019	/ncome	Expenditure	inlout	2020
			f000	f000	OOOO	f000	OOOO
Unrestricted funds
Designated funds
Hardship Fund							100
General funds
General Funds			30,060	'/3,028	(12,345)	86	30,829
Freehold Property	Fair Value
Reserve			6,985			(180)	6,805
			37,045	73,028	(12,345)	(94)	37,634
Total Unrestricted		funds	37,045	'/3,028	(72,345)	6	37,734
Restricted funds
Facilities Fund			54		(6)		58
Early Years Fund			7				7
Gifted and Talented		Fund
Capital Equipment			5			(7)	4
Contribution towards		outdoor
education salary					(6)
Hardship fund				10			10
			70	31	(12)	(6)	83
Total offunds			37,115	13,059	('/2, 357)		37,8/7

ANALY	SIS O	F NET ASSETS BETWEEN FUNDS	- PRIOR YEAR
			Unrestricted	Restricted	Total
			funds	funds	funds
			2020	2020	2020
			f000	f000	f000
Tangible	fixed	assets	36,344		36,363
Current	assets		8,8'/8		8,882
Creditors	due	within one year	(2,759)		(2,759)
Creditors	due	in more than one year	(4,669)		(4,669)
			37,734	83	3?,817

						Group	Group
						2021	2020
						f000	f000
Net income	for the year (as per Statement			of Financial	Activities)	1,022	702
Adjustments	for:
Depreciation	charges					1,224	1,223
Interest						(19)	(44)
Decrease in	stocks					?0	5
Decrease/(increase)		in debtors				340	(526)
Increasei(decrease)		in creditors				1,687	(51'l)
Interest paid						180	209
Net cash provided		by operating	activities			4,504	'/,058

		Group	Group
		2021	2020
		f000	f000
Cash	in hand	1,762	1,249
Notice	deposits {lessthan 3months)	3,332	3,296
Total	cash and cash equivalents	5,094	4,545

					At 1		At 31
					September		August
					2020	Cash flows	2021
					f000	f000	f000
Cash at bank and	in hand				1,249	513	1,762
Debt due within 1	year				{529)		(529)
Debt due after 1 year					(4,367)	529	(3,838)
Liquid investments					6,874	52	6,926
					3227	1,094	4,321
CAPITAL COMMITMENTS
				Group	Group	School	School
				2021	2020	2021	2020
				OOOO	f000	8000	f000
Contracted for but not provided			in these
financial statements
Acquisition of tangible		fixed assets		874		874	13