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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|
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|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||
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|||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?|
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||||||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|
##
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|||||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|
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|||||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|
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|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|
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||||||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|
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|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||||||||
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##
||||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|||
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|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||
##
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##
|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)|
##
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|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|
##
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##
|The average headcount|expressed as full-time|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.|
##
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##
||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|
##
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##
||||Group|Group|School|School|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
||||f000|f000|f000|f000|
|Stock|for|resale|24|94|8|9|
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|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|
##
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##
||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|
##
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||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|
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##
||||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|
##
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##
||||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|
##
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|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|
##
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